Elron Ventures : Financial Statements as of December 31, 2022
March 08, 2023
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Elron Ventures Ltd.
(formerly Elron Electronic
Industries Ltd.)
English Translation of the Periodic
Report for 2022
1
Elron Ventures Ltd.
Table of Contents:
Part I - Description of Corporation's Business
Part II - Board of Directors Report on Corporation's State of Affairs
Part III - Financial Statements
Part IV - Additional Details on the Corporation and the Corporate Governance Questionnaire
Part V - Report on the Effectiveness of the Internal Control over Financial Reporting and Disclosure
2
Elron Ventures Ltd.
(formerly Elron Electronic
Industries Ltd.)
Periodic Report for 2022
Part I
English Translation of Description of Corporation's
Business
1
Part I - Description of Corporation's Business - Table of
Contents
1.
Introduction
4
Chapter I: Overview of Elron's Operations
2.
Description of Elron's Operations and Description of the
8
Evolution of Its Business
3.
Field of Activity
27
4.
Investments in Elron's Capital and Transactions in Its
27
Shares
5.
Dividend Distributions
28
6.
Financial Information on Elron's Field of Activity
29
7.
General Landscape and Impact of External Factors on
29
Elron's Operations
8.
Critical Success Factors in the Field of Activity
35
9.
Main Entry Barriers in the Field of Activity
37
10. Competition Structure in the Field of Activity
38
11. Research and Development
39
12. A Medical Device - The Process from Idea to
39
Commercialization
13. Intangible Assets
40
14. Human Capital
42
15. Investments
43
16. Financing
43
17. Taxation
44
18. Restrictions and Regulation on Elron's Operations
45
19. Material Agreements and Collaboration Agreements
50
20. Business Objectives and Strategy
57
21. Discussion of Risk Factors
59
2
Chapter II: Description of Group Companies
22. Introduction
80
23. RDC
80
24. CartiHeal
81
25. The Group Companies
92
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Elron Electronic Industries Ltd. published this content on 09 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2023 15:29:06 UTC.
Elron Electronic Industries Ltd. is an operational holding company that focuses on building and enhancing technology companies, mainly in the field of medical devices. Its group companies include companies at different stages of development and business maturation, operating in various technology fields, such as medical device and other fields. It is involved in the management of its group companies by means of membership and providing assistance to management. It operates in the Holdings and Corporate Operations segment. It is engaged in matters of policy guidance, strategic planning, marketing, selecting and manning senior management positions, determining the business plan, approving investments and budgets, development and operational guidance, assistance in creating strategic partnerships, and the overall ongoing monitoring of its group companies' performance. Its main group companies include BrainsGate Ltd, Pocared Diagnostics Ltd. and RDC Rafael Development Corporation Ltd.