A2Z Smart Technologies (AZ) 20-F 2 Apr 24 2023 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2023 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-40472
Entity Registrant Name	A2Z SMART TECHNOLOGIES CORP.
Entity Central Index Key	0001866030
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	1600-609 Granville Street
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V7Y 1C3
Title of 12(b) Security	Common Shares
Trading Symbol	AZ
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	38,399,440
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Auditor Firm ID	1185
Auditor Name	BDO Member Firm
Auditor Location	Tel Aviv, Israel
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	1600-609 Granville Street
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V7Y 1C3
City Area Code	(647)
Local Phone Number	558-5564
Contact Personnel Name	Bentsur Joseph

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 2,267	$ 2,616
Deposits	77	8
Inventories (note 5)	250	375
Trade receivables, net (note 6)	1,477	1,373
Other accounts receivable (note 8)	660	2,570
Total current assets	4,731	6,942
Non-current assets
Intangible asset - patent, net (note 9)	1,850	2,207
Long term financial asset at fair value   (note 10)	77
Goodwill   (note 7)		1,188
Property, plant and equipment, net (note 11)	1,861	2,357
Total non-current assets	3,788	5,752
Total Assets	8,519	12,694
Current liabilities
Short term loan and current portion of long-term loans (note 12)	1,166	1,403
Lease liability (note 13)	190	281
Trade payables	1,742	2,224
Deferred revenues (note 14)		1,373
Other accounts payable (note 15)	2,534	956
Total current liabilities	5,632	6,237
Non-current liabilities
Lease liability (note 13)	410	605
Long term loans (note 16)	228	341
Provision (note 7)	1,362	1,447
Warrant Liability (note 18)	3,075	1,142
Severance payment, net (note 17)	121	33
Total non-current liabilities	5,196	3,568
Total liabilities	10,828	9,805
Shareholders’ equity (deficit) (note 20)
Share capital and additional paid in capital	55,485	43,452
Warrant Reserve	30,863	30,863
Accumulated other comprehensive income	(1,330)	(1,634)
Transactions with non-controlling interests	927
Accumulated deficit	(83,456)	(67,395)
Total equity attributable to Company shareholders	2,489	5,286
Non-controlling interest (note 22)	(4,798)	(2,397)
Total shareholders’ equity (deficit)	(2,309)	2,889
Total liabilities and shareholders’ equity (deficit)	$ 8,519	$ 12,694

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Profit or loss [abstract]
Revenues (note 23)	$ 11,375	[1],[2]	$ 9,351	[3],[4]	$ 2,685	[5],[6]
Cost of revenues (note 24)	9,382		7,517		2,029
Gross profit	1,993		1,834		656
Expenses:
Research and development costs (note 25)	4,751		4,462		3,222
Sales and marketing costs	1,377		475		102
General and administration expenses (note 26)	13,933		13,599		6,494
Operating loss	(18,068)	[1],[2]	(16,702)	[3],[4]	(9,162)	[5],[6]
Loss (gain) on revaluation of warrant liability (note 18)	(1,255)		254		30,895
Loss on impairment of goodwill (note 7)	1,027
Financial income	(85)
Financial expenses (note 28)	302		1,391		91
Loss before taxes on income	(18,057)		(18,347)		(40,148)
Income tax expense (note 29)		[1],[2]		[3],[4]	(142)	[5],[6]
Net loss for the period	(18,057)	[1],[2]	(18,347)	[3],[4]	(40,290)
Less: Net loss attributable to non-controlling interests	(1,996)		(1,790)		(1,127)
Net loss attributable to controlling shareholders	(16,061)		(16,557)		(39,163)
Item that will not be reclassified to profit or loss:
Adjustments arising from translating financial statements of foreign operations	303		(936)		555
Remeasurement loss from defined benefit plans	1		10
Other comprehensive income (loss)	304		(926)		555
Total comprehensive loss for the year	(17,753)		(19,273)		(39,735)
Less: Comprehensive loss attributable to non-controlling shareholders	(1,996)		(1,790)		(1,127)
Comprehensive loss attributable to A2Z’s shareholders	$ (15,757)		$ (17,483)		$ (38,608)
Basic loss per share	$ (0.46)		$ (0.60)	[7]	$ (1.68)
Diluted loss per share	$ (0.46)		$ (0.60)	[7]	$ (1.68)
Weighted average number of shares outstanding	34,748,029		27,681,778		23,340,621
[1]All non-current assets are located in the state of Israel.[2]All revenues are generated in the state of Israel.[3]All non-current assets are located in the state of Israel.[4]All revenues are generated in the state of Israel.[5]All non-current assets are located in the state of Israel.[6]All revenues are generated in the state of Israel.[7]Restated

Statements of Changes In Shareh

Statements of Changes In Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Issued capital [member]	Capital reserve [member]	Accumulated other comprehensive income [member]	Transactions with non controlling parties [member]	Retained earnings [member]	Non-controlling interests [member]	Total
Beginning balance at Dec. 31, 2020	$ 10,445		$ (1,339)		$ (11,599)	$ 520	$ (1,973)
Beginning balance, shares at Dec. 31, 2020	22,219,910
IfrsStatementLineItems [Line Items]
Net loss for the period					(39,239)	(1,051)	(40,290)
Remeasurement loss from defined benefit plans
Adjustments arising from translating financial statements of foreign operations			631			(76)	555
Net comprehensive loss for the period			631		(39,239)	(1,127)	(39,735)
Exercise of warrants	$ 12,929	(9,201)					3,728
Exercise of warrants, shares	2,514,693
Share based compensation (note 21 (b))	$ 843						843
Issuance of shares in private placement, net (note 20 (A))	$ 3,338						3,338
Issuance of shares in private placement, net, shares	1,305,662
Exercise of options (note 20 (B))	$ 742						742
Exercise of options, shares	286,223
Reclassification of warrant liability		43,964					43,964
Ending balance at Dec. 31, 2021	$ 28,297	34,763	(708)		(50,838)	(607)	10,907
Ending balance, shares at Dec. 31, 2021	26,326,488
IfrsStatementLineItems [Line Items]
Net loss for the period					(16,557)	(1,790)	(18,347)	[1],[2]
Remeasurement loss from defined benefit plans			10				10
Adjustments arising from translating financial statements of foreign operations			(936)				(936)
Net comprehensive loss for the period			(926)		(16,557)	(1,790)	(19,273)
Exercise of RSU’s
Exercise of RSUs, shares	545,000
Exercise of warrants	$ 5,277	(3,900)					1,377
Exercise of warrants, shares	630,161
Share based compensation (note 21 (b))	$ 4,868						4,868
Issuance of shares in respect of crowd funding
Issuance of shares in respect of crowd funding, shares	74,895
Issuance of shares in respect of Isramat deal	$ 1,747						1,747
Issuance of shares in respect of Isramat deal, shares	273,774
Issuance of shares in private placement, net (note 20 (A))	$ 3,004						3,004
Issuance of shares in private placement, net, shares	2,978,337
Exercise of options (note 20 (B))	$ 208						208
Exercise of options, shares	116,667
Expiration of warrants (note 3a)	$ 51						51
Ending balance at Dec. 31, 2022	$ 43,452	30,863	(1,634)		(67,395)	(2,397)	2,889
Ending balance, shares at Dec. 31, 2022	30,945,322
IfrsStatementLineItems [Line Items]
Net loss for the period					(16,061)	(1,996)	(18,057)	[3],[4]
Remeasurement loss from defined benefit plans			1				1
Adjustments arising from translating financial statements of foreign operations			303				303
Net comprehensive loss for the period			304		(16,061)	(1,996)	(17,753)
Transactions with non-controlling parties				927		(405)	522
Issuance of share in March 2023 private placement (note 20(I))	$ 1,933						1,933
Issuance of share in March 2023 private placement, shares	1,783,561
Issuance of share in June 2023 private placement (note 20(J))	$ 4,193						4,193
Issuance of share in June 2023 private placement, shares	3,818,275
Issuance of share in December 2023 private placement (note 20(K))	$ 1,003						1,003
Issuance of share in December 2023 private placement, shares	1,295,783
Exercise of RSU’s
Exercise of RSUs, shares	464,499
Exercise of warrants	$ 102						102
Exercise of warrants, shares	92,000
Share based compensation (note 21 (b))	$ 4,802						4,802
Ending balance at Dec. 31, 2023	$ 55,485	$ 30,863	$ (1,330)	$ 927	$ (83,456)	$ (4,798)	$ (2,309)
Ending balance, shares at Dec. 31, 2023	38,399,440
[1]All non-current assets are located in the state of Israel.[2]All revenues are generated in the state of Israel.[3]All non-current assets are located in the state of Israel.[4]All revenues are generated in the state of Israel.

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Cash flows from operating activities
Loss for the year		$ (18,057)	[1],[2]	$ (18,347)	[3],[4]	$ (40,290)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization and depreciation		1,027		786		251
Share based compensation		5,324		4,868		843
Loss on impairment of goodwill		1,027
Loss (gain) on revaluation of warrant liability		(1,255)		254		30,895
Change in provisions		(85)		1,190
Change in severance liability		88		(154)		(20)
Change in inventory		125		690		(1,128)
Change in trade receivables		(104)		990		(661)
Change in other account receivables		1,910		(2,383)		(81)
Accrued interest on loans and leases		9		13		36
Change in accounts payable		(482)		860		448
Change in deferred revenues		(1,373)		1,439
Change in other accounts payable		459		363		329
Cash flow from operating activities		(11,387)		(9,431)		(9,378)
Cash flows from investing activities
Change in deposits		(69)		48		132
Investment in subsidiary				(879)
Investment in an associate		(77)
Purchase of property, plant and equipment		(174)		(727)		(412)
Cash flow used in investing activities		(320)		(1,559)		(280)
Cash flows from financing activities
Issuance of shares and warrants, net		10,317		3,894		8,358
Change in other accounts payables		1,119
Exercise of options				208		742
Exercise of warrants		102		1,379		3,386
Lease payments		(336)		(337)		(111)
Repayment of loans		(476)		(342)		(316)
Proceeds from receipt of loans		167		1,294		296
Cash flows from financing activities		10,893		6,096		12,355
Increase (decrease) in cash and cash equivalents		(814)		(4,894)		2,697
Effect of changes in foreign exchange rates		465		(960)		376
Cash at beginning of year		2,616		8,470		5,397
Cash at the end of the year		2,267		2,616		8,470
Taxes paid during the year				74
Interest paid during the year		80		49		34
Reclassification of warrant liability to warrant reserve				51		43,964
Reclassification of other account payables to short term loans				359
Recognition of a lease liability and right-of-use asset				947
Sale of fixed asset				188
Issuance of shares in respect of Isramat deal				2,089
Issuance of the Company’s ordinary shares				1,747
Commitment to selling shareholders				343
Working capital other than cash and cash equivalents				(869)
Liability for severance pay fund, net				35
Property, plant and equipment				(636)
Benefit shareholder consulting agreement				(27)
Customer relations				(284)
Goodwill				(1,188)
Total cash and cash equivalents paid ()	[5]			$ (879)
[1]All non-current assets are located in the state of Israel.[2]All revenues are generated in the state of Israel.[3]All non-current assets are located in the state of Israel.[4]All revenues are generated in the state of Israel.[5]See note 7.

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
DESCRIPTION OF BUSINESS	NOTE 1 - DESCRIPTION OF BUSINESS : Overview A2Z SMART TECHNOLOGIES CORP. (the “Company” or “A2ZST”) was incorporated on January 15, 2018 under the laws of British Columbia. The head office is located at 1600 – 609 Granville Street, Vancouver, British Columbia V7Y 1C3, and the records and registered office is located at 2200 HSBC Building 885 West Georgia Street, British Columbia, V6C 3E8. The Company was listed on the NASDAQ Stock Market LLC (“Nasdaq”) starting January 22, 2022, and trades under the symbol “AZ”. The Company was listed on the TSX Venture Exchange (“TSX.V”) in Toronto until February 28, 2024. Following approval for a voluntary delisting, the Company no longer trades on the TSX.V but remains a reporting issuer in Canada. The Company owns 76.78 % of the common shares of Cust2Mate Ltd (“Cust2Mate”), a technology company focused on providing retail automation solutions, in particular for large grocery stores and supermarkets. The Company’s primary product is the Cust2Mate system which incorporates a “smart cart” which automatically calculates the value of the customers purchases in their smart cart, without having to unload and reload their purchases at a customer checkout point. The Cust2Mate system offers various features for shoppers and retailers such as product information and location, an on-cart scale to weigh items and automatically calculate costs, bar-code scanner and on-board payment system to bypass checkout lines. In addition, the product includes big data smart algorithms and computer vision capabilities, allowing for customer specific targeted advertising. (“The Cust2Mate Platform”). The Company’s other activities include the provision of services in the field of services to the military and security markets as well as the development of related products for the civilian markets. Such services include providing maintenance services and container leasing. The Company also provides maintenance services for complex electronic systems and products. The Company, through its 80 % owned subsidiary, Advanced Automotive Innovations Inc., (“AAI”) continues the development of a product for the automotive market - the FTICS or Fuel Tank Inertia Capsule System which activates automatically in the event of a vehicle collision. This eliminates the danger of fuel tank combustion thereby saving lives and reducing damage. As of December 31, 2023, and 2022, the Company had four key subsidiaries, all of which are companies incorporated under the laws of Israel: (1) Cust2mate Ltd. (“Cust2mate”); (2) A2Z Advanced Military Solutions Ltd (“A2Z MS”); (3) A2Z Advanced Solutions Ltd. (“A2Z AS”); and (4) Isramat Ltd., the “Subsidiaries”). On August 10, 2023, Cust2mate announced the launch of Cust2mate USA Inc. (Cust2mate USA”), a subsidiary incorporated on July 12, 2023, under the laws of Delaware. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred recurring losses and negative cash flows from operating activities since inception, such that as of December 31, 2023, the Company had accumulated losses of $ 83,456 and a net loss in the amount of $ 18,057 for the year ended December 31, 2023. As of the date of the issuance of these financial statements, the Company has not yet commenced generating sufficient revenues to fund its operations, and therefore depends on fundraising from new and existing investors to finance its activities. Considering the above, the Company’s dependency on external funding for its operations raises a substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements for the year ended December 31, 2023, do not include any adjustments that might result from the outcome of these uncertainties. During October 2023, the Israeli government declared a state of war due to the terror attack that was launched on the State of Israel on that day, and which still continues. At the same time, the Hezbollah organization has since been carrying out missile and rocket attacks on various areas in Israel’s northern regions, targeting both military and civilian locations (“the war”). The war has led to various consequences and restrictions on the Israeli economy, including, among other things, an extensive mobilization of reserves, the evacuation of many settlements, both in the area bordering the Gaza strip and near the northern border, as well as taking actions for maintaining public safety and security, such as, among other things, imposing restrictions on gatherings, depending on the proximity thereof to the combat zones, including at workplaces and in the education system. Taking such actions caused a decline and a slowdown in the activity of the Israeli economy. In addition, the ongoing operation of many companies has suffered by the reduction in workforce availability, including due to the departure of foreign workers, extensive recruitment of reserves and absence from work due to the restrictions on the activity of the education system. To the Company’s estimation, in practice, from the start of the war until December 31, 2023, the war had no material effect on the Company’s financial situation and on the results of the Company’s activities. Also, the Company had succeeded to maintain operational and functional continuity, including maintaining an effective staff volume and effective ongoing operations with its customers and suppliers. As of the date of the report, the war still goes on and there is uncertainty as to its duration, further development and scope. These consolidated financial statements were authorized for issue by the Board of Directors on April 2, 2024. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

BASIS OF PREPARATION

BASIS OF PREPARATION	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
BASIS OF PREPARATION	NOTE 2 – BASIS OF PREPARATION : A. Basis of preparation The principal accounting policies adopted in the preparation of the financial statements are set out above. These financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention except for certain derivatives. The Company has elected to present the statement of comprehensive income using the function of expense method. B. Basis of consolidation Where the Company has control over an investee, it is classified as a subsidiary. The financial statements of the subsidiaries are included in the consolidated financial statements from the date that control commenced until the date control ceases. The Company controls an investee if all three elements are present: power over the investee, exposure to variable returns from the investee, and the ability of the investor to use its power to affect those variable returns. Control is reassessed whenever facts and circumstances indicate that there may be a change in any of these elements of control. The consolidated financial statements of the Company include the accounts of the Company and its Subsidiaries as if they formed a single entity. Any intercompany transactions were eliminated in full. C. Functional and foreign currency The Company’s functional currency is the New Israeli Shekel (“NIS”) , since the Company’s primary economic environment is in Israel. However, the presentation currency is in US Dollars (“USD”) due to expected future expansion. Transactions and balances in foreign currencies are converted into US Dollars in accordance with the principles set forth by International Accounting Standard (IAS) 21 “The Effects of Changes in Foreign Exchange Rates”. Accordingly, transactions and balances have been converted as follows: ● Monetary assets and liabilities - at the rate of exchange applicable at the statements of financial position date. ● Exchange gains and losses from the aforementioned conversion are recognized in the statement of comprehensive loss. ● Expense items - at exchange rates applicable as of the date of recognition of those items. ● Non-monetary items are converted at the rate of exchange at the statements of financial position date. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Significant Accounting Policies
SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES : A. Cash and cash equivalents Cash equivalents are considered by the Company to be highly liquid investments, including, inter alia, short-term deposits with banks, the maturity of which do not exceed three months at the time of deposit, and which are not restricted. B. Short term deposits A short term deposit is cash held in a short-term deposit (between three months and one year) or in a long-term deposit (with a maturity of more than one year from the date of investment). Short term deposits are deposits designated to secure the Company’s car lease agreements and its credit cards. C. Loss per share Basic loss per share is computed by dividing the net loss available to common shareholders by the weighted average number of shares outstanding during the reporting period. Diluted loss per share is computed similarly to basic loss per share except that the weighted average number of shares outstanding is increased to include additional shares from the assumed exercise of stock options and warrants, if dilutive. The average number of shares is calculated by assuming that outstanding conversions were exercised and that the proceeds from such exercises were used to acquire common shares at the average market price during the reporting period. For the years ended December 31, 2023, and 2022, potentially dilutive common shares issuable upon the exercise of warrants and options were not included in the computation of loss per share because their effect was anti-dilutive. D. Provisions Provisions are recognized when the Company has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions are measured using the best estimate of the amounts required to settle the obligation at the end of the reporting period. E. Fair value measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: 1. In the principal market for the asset or liability, or 2. In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to the Company. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): E. Fair value measurement (cont.) A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Classification of fair value hierarchy The financial instruments presented in the statement of financial position at fair value are grouped into classes with similar characteristics using the following fair value hierarchy which is determined based on the source of input used in measuring fair value: Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable either directly or indirectly. Level 3 - Inputs that are not based on observable market data (valuation techniques which use inputs that are not based on observable market data). 1. Financial assets The Company classifies its financial assets into one of the following categories, based on the business model for managing the financial asset and its contractual cash flow characteristics. The Company’s accounting policy for the relevant category is as follows: Amortized cost: These assets arise principally from the provision of goods and services to customers (e.g. trade accounts receivable), but also incorporate other types of financial assets where the objective is to hold these assets in order to collect contractual cash flows and the contractual cash flows are solely payments of principal and interest. They are initially recognized at fair value plus transaction costs that are directly attributable to their acquisition or issue, and are subsequently carried at amortized cost using the effective interest rate method, less provision for impairment. Impairment provisions for trade accounts receivable are recognized based on the simplified approach within IFRS 9 using a provision in the determination of the lifetime expected credit losses. During this process the probability of the non-payment of the trade receivables is assessed. This probability is then multiplied by the amount of the expected loss arising from default to determine the lifetime expected credit loss for the trade receivables. For trade receivables, which are reported net, such provisions are recorded in a separate provision account with the loss being recognized within general and administrative expenses in the consolidated statement of comprehensive income. On confirmation that the trade receivable will not be collectable, the gross carrying value of the asset is written off against the associated provision. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): E. Fair value measurement (cont.): 2. Financial Liabilities The Company classifies its financial liabilities into one of two categories, depending on the purpose for which the liability was acquired. The Company’s accounting policy for each category is as follows: Fair value through profit or loss: Warrants are initially recognized at fair value net of any transaction costs directly attributable to the issue of the instrument. Such liabilities are subsequently measured at fair value through profit or loss. Other financial liabilities include the following items: Bank borrowings are initially recognized at fair value net of any transaction costs directly attributable to the issue of the instrument. Such interest-bearing liabilities are subsequently measured at amortized cost using the effective interest rate method, which ensures that any interest expense over the period to repayment is at a constant rate on the balance of the liability carried in the consolidated statement of financial position. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding. Trade accounts payable and other accounts payable, which are initially recognized at fair value and subsequently carried at amortized cost using the effective interest method. Another financial liability recognized at fair value is due to a commitment to the selling shareholders of Isramat (See also note 7) that if the aggregate proceeds received by a selling shareholder from the sale of its acquisition shares during the lockup period, together with the value of its unsold acquisition shares as of the end of such period, is lower than its pro rata portion in the equity consideration, the Company will pay the difference in cash to such selling shareholder. 3. Issue of a unit of securities: The issue of a unit of securities involves the allocation of the proceeds received (before issue expenses) to the securities issued in the unit based on the following order: financial derivatives and other financial instruments measured at fair value in each period. Then fair value is determined for financial liabilities that are measured at amortized cost. The proceeds allocated to equity instruments are determined to be the residual amount. Issue costs are allocated to each component pro rata to the amounts determined for each component in the unit. 4. Derivative liability - Warrants: Warrants that are denominated in a currency other than the functional currency of the Company are considered a derivative liability and are classified as financial liabilities at fair value through profit or loss. Accordingly, these warrants are measured at fair value and the changes in fair value in each reporting period are recognized in profit or loss. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): E. Fair value measurement (cont.): 5. Impairment of financial assets ECL and their measurement ECL are measured as the unbiased probability-weighted present value of all cash shortfalls over the expected life of each financial asset. For receivables from financial services, ECL are mainly calculated with a statistical model using three major risk parameters: probability of default, loss given default and exposure at default. The estimation of these risk parameters incorporates all available relevant information, not only historical and current loss data, but also reasonable and supportable forward-looking information reflected by the future expectation factors. This information includes macroeconomic factors (e.g., gross domestic product growth, unemployment rate, cost performance index) and forecasts of future economic conditions. For receivables from financial services, these forecasts are performed using a scenario analysis (base case, adverse and optimistic scenarios). As of December 31, 2023, and December 31, 2022, ECL for trade and other account receivables are not material. Definition of default, including reasons for selecting the definition Prior to commencing a business relationship, the Company will enter into an agreement with the customer. The agreement or contract typically includes details of the terms of payment to which the customer is entitled. In most cases, the customer updates the Company if there is a delay in the payment beyond the terms of the agreement. Any delays in payment for more than two months are subject to approval of management. If a customer’s scheduled payment is delayed by more than two months and such delay is not approved by the Company’s management, the CEO will typically make direct contact with the customer’s management and inform them of the overdue obligation and that Company will pursue remedies available to collect the overdue payment. If the customer and the Company are not able to resolve the matter at that time, the receivable is considered to be in default as the collectability is no longer certain. If the collection effort is not successful, the Company will retain legal counsel in the applicable country to assist with collection and sends a demand letter to that effect. Write-off policy The Company writes off its financial assets if any of the following occur: ● Inability to locate the debtor. ● Discharge of the debt in a bankruptcy. ● It is determined that the efforts to collect the debt are no longer cost effective given the size of receivable. The collections department must comply with the collection efforts outlined in the policy to collect on delinquent customer accounts before any write-offs are made. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): E. Fair value measurement (cont.): Aging Schedule based on due date AGING SCHEDULE BASED ON DUE DATE December 31, December 31, Aging schedule December 31, December 31, Within payment terms $ 1,477 $ 1,373 Total $ 1,477 $ 1,373 Three-level matrix Based on its past experience and historical data along with a consideration of future projections of factors, such as the economic environment, the Company has established a three-level matrix. The three-level matrix contains the following groups and balances: SCHEDULE OF THREE-LEVEL MATRIX December 31, December 31, Government institutions $ 483 $ 279 Industrial customers 994 1,052 Other customers - 42 Total $ 1,477 $ 1,373 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): F. Operating Segment : An operating segment is a component of the Company that meets the following three criteria: 1. Is engaged in business activities from which it may earn revenues and incur expenses; 2. Whose operating results are regularly reviewed by the Company’s chief operating decision maker to make decisions about allocated resources to the segment and assess its performance; and 3. For which separate financial information is available. Segment revenue and segment costs include items that are attributable to the relevant segments and items that can be allocated to segments. Items that cannot be allocated to segments include the Company’s financial income and expenses and income tax. The Company has three operating segments; Precision Metal Parts, Advanced Engineering and Smart Carts. G. Share-based compensation : Where equity settled share options are awarded to employees and service providers, the fair value of the options calculated at the grant date is based on the market share price and is charged to the statement of comprehensive income over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. As long as all other vesting conditions are satisfied, a charge is made irrespective of whether the market vesting conditions are satisfied. The cumulative expense charged is not adjusted for failure to achieve a market vesting condition. H. Deferred taxes Deferred taxes are recognized in respect of temporary differences between the carrying amounts of assets and liabilities in the financial statements and the amounts attributable for tax purposes. Significant judgment is required to determine the amount of deferred tax assets that can be recognized, based upon the estimated timing and level of future taxable profits together with future tax planning strategies. Deferred taxes are measured at the tax rates that are expected to apply in the period when the temporary differences are reversed based on tax laws that have been enacted or substantively enacted at the end of the reporting period. Deferred taxes are recognized in Profit or loss, except when they relate to items recognized in other comprehensive income or directly in equity. Deferred tax assets are reviewed at the end of each reporting period and reduced to the extent that it is not probable that they will be utilized. In addition, temporary differences (such as carry forward losses) for which deferred tax assets have not been recognized or reassessed are recognized to the extent that their recoverability is probable. Any resulting reduction or reversal is recognized as “income tax” within the statement of comprehensive income. All deferred tax assets and liabilities are presented in the statement of financial position as non-current items, respectively. Deferred taxes are offset in the statement of financial position if there is a legally enforceable right to offset a current tax asset against a current tax liability and the deferred taxes relate to the same taxpayer and the same taxation authority. The current tax liability is measured using the tax rates and tax laws that have been enacted or substantively enacted by the reporting date as well as adjustments required in connection with the tax liability in respect of previous years. Deferred tax assets in respect to carryforward losses have not been recognized in respect of these items because it is not probable that future taxable profit will be available against which the group can utilize the benefits therefrom. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): I. Defined benefit schemes The Company contributes towards the state pension in accordance with local legislation where required. The only obligation of the Company is to make the required contributions. Costs related to such contributions are expensed in the period in which they are incurred. The Company has several employee benefits plans as to its employees: 1. Short-term employee benefits: Short-term employee benefits include salaries, paid annual leave, paid sick leave, recreation and social security contributions and are recognized as expenses as the services are rendered. A liability in respect of a cash bonus or a profit-sharing plan is recognized when the Company has a legal or constructive obligation to make such payment as a result of past service rendered by an employee and a reliable estimate of the amount can be made. 2. Post-employment benefits: The plans are normally financed by contributions to insurance companies and classified as defined contribution plans or as defined benefit plans. This liability is calculated based on actuary measurement. Contributions to the defined contribution plan in respect of severance or retirement pay are recognized as an expense simultaneously with receiving the employee’s services and no additional provision is required in the financial statements except for the unpaid contribution. The Company also operates for some employees an immaterial defined benefit plan in respect of severance pay pursuant to the Severance Pay Law. The Company presents the accrued severance pay liability net from severance pay fund. J. Property, plant and equipment Items of property, plant and equipment are initially recognized at cost. Cost includes directly attributable costs and the estimated present value of any future costs of dismantling and removing items. Depreciation is computed by the straight-line method, based on the estimated useful lives of the assets, as follows: SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS Estimated useful lives Computers and electronic equipment 3 Machines and manufacturing equipment 10 Furniture and equipment 7 Vehicles 6.67 ERP system and R&D expenses 3 - 6 Leasehold Improvement 10 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): J. Revenue recognition Revenue is recognized based on the five-step model outlined in IFRS 15, Revenue from Contracts with Customers. IFRS 15 sets out a single revenue recognition model, according to which the entity shall recognize revenue in accordance with the said core principle by implementing a five-step model framework: 1. Identify the contracts with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when the entity satisfies a performance obligation. i. Revenue from services is derived from contracts with customers pursuant to which the Company provides maintenance for various electronic systems. Revenues on these contracts are recognized using the straight-line method, based on the period of time passed. ii Revenue from leasing is derived from contracts with customers pursuant to which the Company leases soaking containers. Revenues on these contracts are recognized on a straight-line basis. iii Revenue from sale of smart carts is recognized from sale of goods in profit or loss at the point in time when the control of the goods is transferred to the customer, generally upon delivery of the smart carts to the customer. iv. Revenues generated in Isramat are recognized from sale of goods in profit or loss at the point in time when the control of the goods is transferred to the customer, generally upon delivery of the goods to the customer. Performance obligations and timing of revenue recognition The majority of the Company’s revenue is derived from selling goods with revenue recognized at a point in time when control of the goods has transferred to the customer. This is generally when the goods are delivered to the customer. However, for export sales, control might also be transferred when delivered either to the port of departure or port of arrival, depending on the specific terms of the contract with a customer. There is limited judgement needed in identifying the point control passes: once physical delivery of the products to the agreed location has occurred, the Company no longer has physical possession, usually will have a present right to payment (as a single payment on delivery) and retains none of the significant risks and rewards of the goods in question. The Company has a segment which carries out maintenance and leasing services for clients, with revenue recognized typically on an over time basis. This is because the designs created have no alternative use for the Company and the contracts would require payment to be received for the time and effort spent by the Company on progressing the contracts in the event of the customer cancelling the contract prior to completion for any reason other than the Company’s failure to perform its obligations under the contract. On partially complete service contracts, A Layout (International) recognizes revenue based on stage of completion of the project which is estimated by comparing the number of hours actually spent on the project with the total number of hours expected to complete the project (i.e. an input based method). This is considered a faithful depiction of the transfer of services as the contracts are initially priced on the basis of anticipated hours to complete the projects and therefore also represents the amount to which the Company would be entitled based on its performance to date. Determining the transaction price A substantial amount of the Company’s revenue is derived from Smart Cart segment – fixed price contracts and therefore the amount of revenue to be earned from each contract is determined by reference to those fixed prices. Exceptions are as follows: ● For one key customer, the Company accepts orders and is paid up in advance of delivering the products. K. Share based payment transactions The Company’s employees and other service providers are entitled to remuneration in the form of equity-settled share-based payment. The cost of equity-settled transactions is recognized in profit or loss together with a corresponding increase in equity during the period which the performance and/or service conditions are to be satisfied ending on the date on which the relevant employees become entitled to the award (“the vesting period”). The cumulative expense recognized for equity-settled transactions at the end of each reporting date includes the Group’s best estimate of the number of equity instruments that will ultimately vest. The cost of equity-settled transactions with employees is measured at the fair value of the equity instruments granted at grant date. The fair value of option granted is determined using the Binomial Lattice option-pricing model (“Binomial model”). The Binomial model takes into account variables such as volatility, dividend yield rate, and risk-free interest rate and also allows for the use of dynamic assumptions and considers the contractual term of the option, the probability that the option will be exercised prior to the end of its contractual life, and the probability of termination or retirement of the option holder in computing the value of the option. L. Research and development expenses Research expenses are recognized in profit or loss when incurred. An intangible asset arising from a development project or from the development phase of an internal project is recognized if the Company can demonstrate all of the following: the technical feasibility of completing the intangible asset so that it will be available for use or sale; the Company’s intention to complete the intangible asset and use or sell it; the Company’s ability to use or sell the intangible asset; how the intangible asset will generate future economic benefits; the availability of adequate technical, financial and other resources to complete the intangible asset; and the Company’s ability to measure reliably the expenditure attributable to the intangible asset during its development. Through December 31, 2022, costs in the amount of $219 have been capitalized and relate to the Company’s ERP system. All other development expenses have not met all the aforementioned criteria and therefore all development costs have been recognized in profit or loss. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): M. Standard not yet effective There are a number of standards, amendments to standards, and interpretations which have been issued by the IASB that are effective in future accounting periods that the Company has decided not to adopt early. The following amendments are effective for the period beginning 1 January 2024: - IFRS 16 Leases (Amendment – Liability in a Sale and Leaseback) - IAS 1 Presentation of Financial Statements (Amendment – Classification of Liabilities as Current or Non-current) - IAS 1 Presentation of Financial Statements (Amendment – Non-current Liabilities with Covenants) The Company is currently assessing the impact of these new accounting standards and amendments. The Company does not believe that the amendments to IAS 1 will have a significant impact on the classification of its liabilities, as the conversion feature in its convertible debt instruments is classified as an equity instrument and therefore, does not affect the classification of its convertible debt as a non-current liability. The Company does not expect any other standards issued by the IASB, but not yet effective, to have a material impact on the Company. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) N. Going Concern In order to assess whether it is appropriate for the company to continue as a going concern, management is required to apply judgment and make estimates with respect to future cash flow projections. In arriving at this judgment, there were several assumptions and estimates involved in calculating these future cash flow projections. This includes making estimates regarding the timing and amounts of future revenues and expenditures and the ability and timing to raising additional financing. O. Functional Currency The Company and its subsidiaries are required to determine their functional currencies based on the primary economic environment in which each entity operates. In order to do that, management has to analyze several factors, including which currency mainly influences the cost of undertaking the business activities, in which currency the entity has received financing, and in which currency it keeps its receipts from operating activities. Management uses its judgment to determine which factors are most important when the above indicators are mixed and the functional currency is not obvious. Changes in accounting policies The following amendments are effective for the period beginning 1 January 2023: Disclosure of Accounting Policies (Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements) In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2. The amendments aim to make accounting policy disclosures more informative by replacing the requirement to disclose ‘significant accounting policies’ with ‘material accounting policy information’. The amendments also provide guidance under what circumstance, the accounting policy information is likely to be considered material and therefore requiring disclosure. These amendments have no effect on the measurement or presentation of any items in the Consolidated financial statements of the Company but affect the disclosure of accounting policies of the Company. Definition of Accounting Estimates (Amendments to IAS 8 Accounting policies, Changes in Accounting Estimates and Errors) The amendments to IAS 8, which added the definition of accounting estimates, clarify that the effects of a change in an input or measurement technique are changes in accounting estimates, unless resulting from the correction of prior period errors. These amendments clarify how entities make the distinction between changes in accounting estimates, changes in accounting policy and prior period errors. These amendments had no effect on the consolidated financial statements of the Company. Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12 Income Taxes) In May 2021, the IASB issued amendments to IAS 12, which clarify whether the initial recognition exemption applies to certain transactions that result in both an asset and a liability being recognized simultaneously (e.g. a lease in the scope of IFRS 16). The amendments introduce an additional criterion for the initial recognition exemption, whereby the exemption does not apply to the initial recognition of an asset or liability which at the time of the transaction, gives rise to equal taxable and deductible temporary differences. These amendments had no effect on the annual consolidated financial statements of the Company. International Tax Reform – Pillar Two Model Rules (Amendment to IAS 12 Income Taxes) In December 2021, the Organization for Economic Co-operation and Development (OECD) released a draft legislative framework for a global minimum tax that is expected to be used by individual jurisdictions. The goal of the framework is to reduce the shifting of profit from one jurisdiction to another in order to reduce global tax obligations in corporate structures. In March 2022, the OECD released detailed technical guidance on Pillar Two of the rules. Stakeholders raised concerns with the IASB about the potential implications on income tax accounting, especially accounting for deferred taxes, arising from the Pillar Two model rules. The IASB issued the final Amendments (the Amendments) International Tax Reform – Pillar Two Model Rules, in response to stakeholder concerns on 23 May 2023. The Amendments introduce a mandatory exception to entities from the recognition and disclosure of information about deferred tax assets and liabilities related to Pillar Two model rules. The exception is effective immediately and retrospectively. The Amendments also provide for additional disclosure requirements with respect to an entity’s exposure to Pillar Two income taxes. Management has determined that the Company is not within the scope of OECD’s Pillar Two Model Rules and the exception to the recognition and disclosure of information about deferred tax assets and liabilities related to Pillar Two income taxes is not applicable to the Company. The following amendments are effective for the period beginning 1 January 2024: ● Classification of Liabilities as Current or Non-Current (Amendments to IAS 1 Presentation of Financial Statements); ● Non-current Liabilities with Covenants (Amendments to IAS 1 Presentation of Financial Statements); and The following amendments are effective for the period beginning 1 January 2025: ● Lack of Exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates The Company is currently assessing the impact of these new accounting standards and amendments. The Company does not believe that the amendments to IAS 1 will have a significant impact on the classification of its liabilities, as the conversion feature in its convertible debt instruments is classified as an equity instru

CRITICAL ACCOUNTING ESTIMATES A

CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS	NOTE 4 - CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS : The areas requiring the use of estimates and critical judgments that may potentially have a significant impact on the Company’s earnings and financial position are the useful life of property and equipment and income tax. The useful life of property, plant and equipment Property and equipment are amortized or depreciated over their useful lives. Useful lives are based on management’s estimates of the period that the assets will generate revenue, which are periodically reviewed for continued appropriateness. Changes to estimates can result in significant variations in the amounts charged to the consolidated statement of comprehensive income in specific periods. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 4 - CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (CONTINUED): Intangible assets Intangible assets are tested for impairment annually or more frequently if there is an indication of impairment. The carrying value of intangibles with definite lives is reviewed each reporting period to determine whether there is any indication of impairment. If there are indications of impairment the impairment analysis is completed and if the carrying amount of an asset exceeds its recoverable amount, the asset is impaired and impairment loss is recognized. Impairment of non-financial assets Impairment tests on goodwill and other intangible assets with indefinite useful economic lives are undertaken annually at the financial year end. Other non-financial assets are subject to impairment tests whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Where the carrying value of an asset exceeds its recoverable amount (i.e., the higher of value in use and fair value less costs to sell), the asset is written down accordingly. Where it is not possible to estimate the recoverable amount of an individual asset, the impairment test is carried out on the smallest group of assets to which it belongs for which there are separately identifiable cash flows; its cash generating units (‘CGUs’). Goodwill is allocated on initial recognition to each of the Company’s CGUs that are expected to benefit from a business combination that gives rise to the goodwill. Impairment charges are included in profit or loss, except to the extent they reverse gains previously recognized in other comprehensive income. An impairment loss recognized for goodwill is not reversed. Goodwill Goodwill arising on the acquisition of a subsidiary represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and Contingent liabilities of the subsidiary or jointly controlled entity recognized at the date of acquisition. Goodwill is initially recognized as an asset at cost and is subsequently measured at cost less any accumulated impairment losses. Derivative liability - Warrants The Company uses the Black-Scholes option-pricing model to estimate fair value at each reporting date. The key assumptions used in the model are the expected future volatility in the price of the Company’s shares and the expected life of the warrants. Determining the fair value of share-based payment transactions: The fair value of share-based payment transactions is determined upon initial recognition by the Binomial model. The Binomial model is based on share price and exercise price and assumptions regarding expected volatility, term of share option, dividend yield and risk-free interest rate. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
INVENTORIES	NOTE 5 INVENTORIES : SCHEDULE OF INVENTORIES December 31, December 31, 2023 2022 Raw materials $ 36 $ 38 Smart cart parts 214 337 Inventories $ 250 $ 375

TRADE RCEIVABLES, NET

TRADE RCEIVABLES, NET	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
TRADE RCEIVABLES, NET	NOTE 6 TRADE RCEIVABLES, NET : SCHEDULE OF TRADE RECEIVABLES December 31, December 31, 2023 2022 Customers $ 1,491 $ 1,383 Expected credit losses (14 ) (10 ) Trade Receivables, net $ 1,477 $ 1,373

ACQUISITION

ACQUISITION	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
ACQUISITION	NOTE 7 ACQUISITION On February 3, 2022, the Company announced it has completed the acquisition of all the outstanding shares of Isramat Ltd (“Isramat”), an Israeli manufacturer of precision metal parts. In connection with closing of the acquisition, the Company paid NIS 2,800,000 (approximately $ 879 ) in cash and issued the selling shareholders of Isramat 273,774 common shares in the capital of the Company at a price per share of $ 7.6311 . The company has committed to the selling shareholders that if the aggregate proceeds received by a selling shareholder from the sale of its acquisition shares during the lockup period, together with the value of its unsold acquisition shares as of the end of such period, is lower than its pro rata portion in the equity consideration, the Company will pay the difference in cash to such selling shareholder. Such payment shall be made at the end of the lockup period after submission of a report by the selling shareholder. IFRS 13 favors the use of quoted prices and limits the inclusion of restrictions (such as lockup) in the calculated fair value. Based on the provisions of IFRS 13, the Company has recognized a provision for the commitment to the selling shareholders on the day of the acquisition in the amount of $ 343 . On December 31, 2022, the Company revaluated the commitment to the selling shareholders in the amount of $ 1,447 , and finance expenses in the amount of $ 1,104 were recognized and charged to the Consolidated Statement of Comprehensive Loss. On December 31, 2023, the Company revaluated the commitment to the selling shareholders in the amount of $ 1,362 , and finance income in the amount of $ 85 was recognized and charged to the Consolidated Statement of Comprehensive Loss. The table below summarizes the fair value of the commitment as of December 31, 2023: SUMMARY OF FAIR VALUE OF COMMITMENT Balance at January 1, 2022 $ - Acquisition date February 3, 2022 343 Revaluation 1,190 Effect of changes in foreign exchange rates (86 ) Balance at December 31, 2022 $ 1,447 Revaluation (85 ) Balance at December 31, 2023 $ 1,362 The purchase consideration has been allocated between the acquired tangible assets and intangible assets, based on their fair values. Management is fully responsible for the valuation made of the assets. The fair value assigned to identifiable intangible assets acquired has been determined by using valuation methods that accounts for replacement costs, using estimates and assumptions determined by management. Based on the above, the Company has initially determined that the purchase price exceeds the fair values of identifiable net assets acquired by approximately $ 1,188 , which was recognized as goodwill. In the years ended December 31, 2022, and 2023, Isramat recorded significant losses. As of December 31, 2023, the Company has determined there are signs of decline in the value of Isramat and recognized a loss as a result of impairment to its goodwill of $ 1,027 . A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

OTHER ACCOUNTS RECEIVABLE

OTHER ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
OTHER ACCOUNTS RECEIVABLE	NOTE 8 OTHER ACCOUNTS RECEIVABLE : SCHEDULE OF OTHER ACCOUNTS RECEIVABLE December 31, December 31, 2023 2022 Advances to suppliers $ - $ 918 Prepaid expenses 323 751 Government institutions 253 151 Other 84 750 Other accounts receivable $ 660 $ 2,570 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

INTANGIBLE ASSETS - PATENT, NET

INTANGIBLE ASSETS - PATENT, NET	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
INTANGIBLE ASSETS - PATENT, NET	NOTE 9 INTANGIBLE ASSETS - PATENT, NET : SUMMARY OF INTANGIBLE ASSETS PATENT, NET Balance, January 1, 2022 $ 2,091 Additions 311 Depreciation (200 ) Effect of changes in foreign exchange rates 5 Balance, December 31, 2022 $ 2,207 Additions - Depreciation (366 ) Effect of changes in foreign exchange rates 9 Balance, December 31, 2023 $ 1,850

LONG TERM FINANCIAL ASSET AT FA

LONG TERM FINANCIAL ASSET AT FAIR VALUE	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
LONG TERM FINANCIAL ASSET AT FAIR VALUE	NOTE 10 LONG TERM FINANCIAL ASSET AT FAIR VALUE On September 30, 2023, the Company entered into a Share Purchase Agreement (the “Agreement”) with Shelfie-Tech Ltd. (“Shelfie”) an Israeli company organized under the laws of the State of Israel, developing an innovative patented technology, a robotic retail shelf monitoring system using advanced machine learning and image processing algorithms to automatically optimize inventory management. At the closing and upon the terms and conditions set forth in the Agreement, the Company will invest $ 158 in cash, in exchange for 944,217 ordinary shares, NIS 0.001 par value of Shelfie (the “Shelfie Shares”) based on a price per share of $ 0.167 , resulting in the Company holding 1.2% of the issued and outstanding shares of Shelfie. As of December 31, 2023, the Company has invested $ 77 . The Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows: SCHEDULE OF FINANCIAL ASSETS THAT ARE MEASURED AT FAIR VALUE ON A RECURRING BASIS Level 1 Level 2 Level 3 Total Balance as of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Financial assets at fair value through profit or loss $ - $ - $ 77 $ 77 Total assets $ - $ - $ 77 $ 77 Level 1 Level 2 Level 3 Total Balance as of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Financial assets at fair value through profit or loss $ - $ - $ - $ - Total assets $ - $ - $ - $ - A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	NOTE 11 PROPERTY, PLANT AND EQUIPMENT, NET : SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT NET Computers and electronic equipment Machines and manufacturing equipment Furniture and equipment Vehicles ERP system and R&D expenses Leasehold Improvements Right of use Asset Total Cost: As of January 1, 2023 $ 416 $ 2,208 $ 359 $ 858 219 $ 403 $ 1,180 $ 5,643 Additions 61 4 10 130 - 13 - 218 Disposals - - - (70 ) - - - (70 ) Additions from newly acquired subsidiary Translation adjustments (15 ) (60 ) (7 ) (50 ) (13 ) (22 ) (36 ) (203 ) As of December 31, 2023 $ 462 $ 2,152 $ 362 $ 868 206 $ 394 $ 1,144 $ 5,588 Accumulated depreciation: As of January 1, 2023 $ 290 $ 1,610 $ 289 $ 357 $ 5 $ 376 $ 360 $ 3,287 Additions 48 96 13 91 55 4 258 565 Disposals - - - (26 ) - - - (26 ) Translation adjustments (12 ) (28 ) (15 ) (10 ) (7 ) (21 ) (6 ) (99 ) As of December 31, 2023 $ 326 $ 1,678 $ 287 $ 412 $ 53 $ 359 $ 612 $ 3,727 Net Book Value: As of December 31, 2023 $ 136 $ 474 $ 75 $ 456 153 $ 35 $ 532 $ 1,861 As of December 31, 2022 $ 126 $ 598 $ 70 $ 501 214 $ 27 $ 821 $ 2,357 Computers and electronic equipment Machines and manufacturing equipment Furniture and equipment Vehicles ERP system and R&D expenses Leasehold Improvements Right of use Asset Total Cost: As of January 1, 2022 $ 440 $ - $ 201 $ 968 $ - $ 59 $ 362 $ 2,030 Additions 29 174 28 316 223 14 - 784 Disposals - - - (380 ) - - (380 ) Additions from newly acquired subsidiary - 2,242 178 34 - 367 859 3,681 Translation adjustments (53 ) (208 ) (48 ) (80 ) (4 ) (37 ) (42 ) (472 ) As of December 31, 2022 $ 416 $ 2,208 $ 359 $ 858 219 $ 403 $ 1,180 $ 5,643 Accumulated depreciation: As of January 1, 2022 $ 288 $ - $ 142 $ 368 $ - $ 59 $ 101 $ 958 Additions 37 116 16 88 5 3 107 372 Disposals - - - (58 ) - - - (58 ) Additions from newly acquired subsidiary - 1,657 158 6 - 350 164 2,335 Translation adjustments (35 ) (163 ) (27 ) (47 ) - (36 ) (12 ) (319 ) As of December 31, 2022 $ 290 $ 1,610 $ 289 $ 357 $ 5 $ 376 $ 360 $ 3,287 Net Book Value: As of December 31, 2022 $ 126 $ 598 $ 70 $ 501 214 $ 27 $ 821 $ 2,357 Balance $ 126 $ 598 $ 70 $ 501 214 $ 27 $ 821 $ 2,357 As of December 31, 2021 $ 152 $ - $ 59 $ 600 - $ - $ 261 $ 1,072 Balance $ 152 $ - $ 59 $ 600 - $ - $ 261 $ 1,072 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

SHORT TERM LOANS AND CURRENT PO

SHORT TERM LOANS AND CURRENT PORTION OF LONG-TERM LOANS	12 Months Ended
	Dec. 31, 2023
Short Term Loans And Current Portion Of Long-term Loans
SHORT TERM LOANS AND CURRENT PORTION OF LONG-TERM LOANS	NOTE 12 – SHORT TERM LOANS AND CURRENT PORTION OF LONG-TERM LOANS : SCHEDULE OF SHORT TERM LOANS AND CURRENT PORTION OF LONG-TERM LOANS Linked to Interest rate December 31, December 31, Short term loans NIS 3.2 %- 7.5 % $ 1,064 $ 1,114 Current portion of long-term loans 102 289 Short term loans and current portion of long-term loans $ 1,166 $ 1,403

LEASE LIABILITY

LEASE LIABILITY	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
LEASE LIABILITY	NOTE 13 – LEASE LIABILITY : The Company has lease contracts for industrial areas and office facilities used in its operations. Leases of industrial areas and office facilities generally have lease terms of between 2 and 5. The Group has several lease contracts that include termination option, which are valid after a minimal lease period. The Group has several lease contracts that include extension options. Set out below are the carrying amounts of lease liabilities recognized and the movements during the period: SCHEDULE OF CARRYING AMOUNTS OF LEASE LIABILITIES RECOGNIZED AND MOVEMENTS Industrial areas and office facilities Balance January 1, 2022 $ 277 Additions 859 Accretion (335 ) Accumulated interest 107 Exchange rate differences (22 ) Balance December 31, 2022 $ 886 Additions - Accretion (277 ) Accumulated interest 68 Exchange rate differences (77 ) Balance December 31, 2023 $ 600 Linked to December 31, 2023 December 31, 2022 Long Term leases NIS $ 600 $ 886 Current portion of long-term leases 190 281 Non-current portion of long-term leases $ 410 $ 605

DEFERRED REVENUES

DEFERRED REVENUES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
DEFERRED REVENUES	NOTE 14 – DEFERRED REVENUES : The Company has invoiced its one major customer in the Smart Cart segment a sum amount of $ 1,373 for smart carts that as of December 31, 2022, were yet to be delivered. Throughout the year ended December 31, 2023, the balance of deferred revenues was reduced to nil as the Company delivered the smart carts to the aforementioned customer.

OTHER ACCOUNTS PAYABLE

OTHER ACCOUNTS PAYABLE	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
OTHER ACCOUNTS PAYABLE	NOTE 15 - OTHER ACCOUNTS PAYABLE : SCHEDULE OF OTHER ACCOUNTS PAYABLE December 31, December 31, 2023 2022 Employees and government authorities $ 1,005 $ 681 Receipts on account of shares 1,119 - Accrued expenses 150 93 Related parties (note 30) 103 - Other 157 182 Other accounts payable $ 2,534 $ 956

LONG TERM LOANS

LONG TERM LOANS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
LONG TERM LOANS	NOTE 16 - LONG TERM LOANS : SCHEDULE OF LONG TERM LOANS Linked to Interest rate December 31, December 31, Long term loans NIS 1.8 %- 6.1 % $ 330 $ 630 Less- Current portion (102 ) (289 ) Non Current Long term loans $ 228 $ 341 The loans are from leading Israeli financial institutions and bear interest of between 1.8 % - 6.1 %. $ 102 of the loans are repayable within one year and $ 228 are repayable between two to five years. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

SEVERANCE PAYMENT, NET_

SEVERANCE PAYMENT, NET:	12 Months Ended
	Dec. 31, 2023
Severance Payment Net
SEVERANCE PAYMENT, NET:	NOTE 17 – SEVERANCE PAYMENT, NET: SCHEDULE OF PLAN DEFINED BENEFIT OBLIGATION a. The plan liabilities, net: Year ended Year ended December 31, 2023 December 31, 2022 Defined benefit plan: Present value of defined benefit obligation $ 458 $ 394 Fair value of plan assets (337 ) (361 ) Total $ 121 $ 33 Changes in the present value of defined benefit obligation: 2023 2022 Balance at beginning of year $ 361 $ 541 Recognized in statement of comprehensive loss: Interest cost 10 9 Current service cost 32 30 Currency translation (10 ) (111 ) Recognized in other comprehensive gain : (1 ) (10 ) Net actuarial gain (55 ) (98 ) Balance at end of year $ 337 $ 361 SCHEDULE OF FAIR VALUE OF PLAN ASSETS b. The movement in the fair value of the plan assets: 2023 2022 Balance at beginning of year $ (361 ) $ (374 ) Recognized in statement of comprehensive loss: Expected return 23 24 Recognized in other comprehensive loss /(gain): Net actuarial loss (gain) - - Other: Contributions by employer 1 (11 ) Balance at end of year $ (337 ) $ (361 ) SCHEDULE OF ASSUMPTIONS UNDERLYING DEFINED BENEFIT PLAN c. The principal assumptions underlying the defined benefit plan: December 31, 2023 December 31, 2022 Discount rate of the plan liability 2.95 % 2.75 % Expected rate of return on plan assets 2.84 % 2.64 % Future salary increases 3.97 % 3.82 % A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

WARRANT LIABILITY

WARRANT LIABILITY	12 Months Ended
	Dec. 31, 2023
Warrant Liability
WARRANT LIABILITY	NOTE 18 – WARRANT LIABILITY : a) December 2023 Warrants On December 13, 2023, the Company issued an aggregate of 647,891 December 2023 Registered Direct Offerings Warrants (as defined below) as part of registered direct offerings (see also note 19(k)). The warrants were issued with an exercise price denominated in Canadian Dollars (CAD 2.05 ) rather than the functional currency of the Company – New Israeli Shekels (NIS). The December 2023 Registered Direct Offerings Warrants are exercisable for a period of 2 years from the issue date. The Black-Scholes option pricing model was used to measure the warrant liability with the following assumptions: volatility of 107 % using the historical prices of the Company, risk-free interest rate of 4.19 %, expected life of 2.00 years and share price of CAD 1.62 . Level 3 for the period ended on December 31, 2023: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2023 $ - Issuance of December 2023 Registered Direct Offerings Warrants 402 Revaluation at December 31, 2023 110 Effect of changes in foreign exchange rates 8 Balance at December 31, 2023 $ 520 For the year ended December 31, 2023, the Company recorded a loss on the revaluation of the December 2023 warrant liability in the amount of $ 110 (for the year ended December 31, 2022 - $ nil ). b) June 2023 Warrants On June 15 and on June 20, 2023, the Company issued an aggregate of 1,909,134 June 2023 Registered Direct Offerings Warrants (as defined below) as part of registered direct offerings (see also note 19(j)). The warrants were issued with an exercise price denominated in Canadian Dollars (CAD 2.93 ) rather than the functional currency of the Company – New Israeli Shekels (NIS). The June 2023 Registered Direct Offerings Warrants are exercisable for a period of 2 years from the issue date. The Black-Scholes option pricing model was used to measure the warrant liability with the following assumptions: volatility of 99 % using the historical prices of the Company, risk-free interest rate of 4.45 %, expected life of 2.00 years and share price of CAD 2.99 . Level 3 for the year ended on December 31, 2023: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2023 $ - Issuance of June 2023 Registered Direct Offerings Warrants 2,333 Balance at June 30, 2023 $ 2,333 Revaluation at September 30, 2023 (671 ) Effect of changes in foreign exchange rates (33 ) Balance at September 30, 2023 $ 1,629 Revaluation at December 31, 2023 (499 ) Effect of changes in foreign exchange rates 27 Balance at December 31, 2023 $ 1,157 For the year ended December 31, 2023, the Company recorded a gain on the revaluation of the June 2023 warrant liability in the amount of $ 1,170 (for the year ended December 31, 2022 - $ nil ). c) March 2023 Warrants On March 20, 2023, the Company issued an aggregate of 891,778 March 2023 Warrants as part of a private placement (see also note 19(i)). The warrants were issued with an exercise price denominated in Canadian Dollars (CAD 2.35 ) rather than the functional currency of the Company – New Israeli Shekels (NIS). The warrants are exercisable for a period of 2 years from the issue date. The Black-Scholes option pricing model was used to measure the warrant liability with the following assumptions: volatility of 93 % using the historical prices of the Company, risk-free interest rate of 3.62 %, expected life of 2.00 years and share price of CAD 1.74 . Level 3 for the year ended on December 31, 2023: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2023 $ - Issuance of March 2023 Warrants 496 Balance at March 31, 2023 $ 496 Revaluation at June 30, 2023 1,004 Balance at June 30, 2023 $ 1,500 Revaluation at September 30, 2023 (688 ) Effect of changes in foreign exchange rates (21 ) Balance at September 30, 2023 $ 791 Revaluation at December 31, 2023 (242 ) Effect of changes in foreign exchange rates 13 Balance at December 31, 2023 $ 562 For the year ended December 31, 2023, the Company recorded a loss on the revaluation of the March 2023 warrant liability in the amount of $ 74 (for the year ended December 31, 2022 - $ nil ). A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 18 – WARRANT LIABILITY (CONTINUED): d) November 2022 Warrants On November 2, 2022, the Company issued an aggregate of 1,489,166 warrants (November 2022 Warrants) as part of a private placement. The warrants were issued with an exercise price denominated in Canadian Dollars (CAD 2.35 ) rather than the functional currency of the Company – New Israeli Shekels (NIS). The warrants are exercisable for a period of 2 years from the issue date. The Black-Scholes option pricing model was used to measure the warrant liability with the following assumptions: volatility of 110 % using the historical prices of the Company, risk-free interest rate of 3.94 %, expected life of 2.00 years and share price of CAD 1.56 . Level 3 for the year ended on December 31, 2023: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2022 $ - Issuance of November 2022 Warrants 894 Revaluation at December 31,2022 248 Balance at December 31, 2022 $ 1,142 Revaluation at March 31, 2023 $ (405 ) Balance at March 31, 2023 $ 737 Warrant exercises (note 19(l)) $ (66 ) Revaluation at June 30, 2023 1,745 Balance at June 30, 2023 $ 2,416 Warrant exercises (note 19(l)) (39 ) Revaluation at September 30, 2023 (1,175 ) Effect of changes in foreign exchange rates (25 ) Balance at September 30, 2023 $ 1,177 Revaluation at December 31, 2023 (359 ) Effect of changes in foreign exchange rates 18 Balance at December 31, 2023 $ 836 For the year ended December 31, 2023, the Company recorded a gain on the revaluation of the November 2022 warrant liability in the amount of $ 193 (for the year ended December 31, 2022 – a loss in the amount of $ 248 ). A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

LIENS, COMMITMENTS AND PROVISIO

LIENS, COMMITMENTS AND PROVISIONS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
LIENS, COMMITMENTS AND PROVISIONS	NOTE 19 – LIENS, COMMITMENTS AND PROVISIONS The Company’s Israeli subsidiary’s fixed assets (motor vehicles) are secured against bank borrowings

SHAREHOLDERS_ EQUITY (DEFICIT)

SHAREHOLDERS’ EQUITY (DEFICIT)	12 Months Ended
	Dec. 31, 2023
SHAREHOLDERS’ EQUITY (DEFICIT)	NOTE 20 – SHAREHOLDERS’ EQUITY (DEFICIT) A. On June 4, 2021, the Company completed two private placements (collectively, the “Offering”). The Offering resulted in the issuance of an aggregate of 1,305,662 8.16 8,590 10.65 11.04 221,100 1,084,562 466 578 The fair value of the warrants granted was $ 4,786 3,338 B. During the year ended December 31, 2021, the Company issued 286,223 286,223 C. During the year ended December 31, 2022, the Company issued 630,161 630,161 D. On February 3, 2022, the Company issued the shareholders of Isramat 273,774 E. During the year ended December 31, 2022, the Company issued 116,667 116,667 F. On February 11, 2022, the Company issued 74,985 G. During the year ended December 31, 2022, the Company issued 545,000 545,000 H. On November 2, 2022, the Company completed a private placement (“November 2022 Private Placement”) that resulted in the issuance of 2,978,337 1.35 1.86 4,021 1,489,169 1.5 2.04 1,489,169 260 349,000 237,200 The fair value of the November 2022 Private Placement Warrants granted was $ 894 3,127 I. On March 20, 2023, the Company closed a private placement for gross proceeds of $ 2,604 1,783,561 1.46 1.95 891,778 2.35 1.75 891,778 208 290 142,685 J. On June 15 and on June 20, 2023, the Company closed registered direct offerings for gross proceeds of $ 6,873 3,818,275 1.15 1.56 1,909,134 2.93 2.20 1,909,134 550 733 305,462 K. On December 13, 2023, the Company closed registered direct offerings for gross proceeds of $ 1,490 1,295,783 1.15 1.36 647,891 2.05 1.50 647,891 119 162 103,663 L. During the year ended December 31, 2023, the Company issued 92,000 92,000 140 M. During the year ended December 31, 2023, the Company issued 464,499 464,499 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

WARRANTS AND OPTIONS

WARRANTS AND OPTIONS	12 Months Ended
	Dec. 31, 2023
Warrants And Options
WARRANTS AND OPTIONS	NOTE 21 – WARRANTS AND OPTIONS a) Warrants SCHEDULE OF WARRANTS TRANSACTIONS (i) Warrant transactions for the years ended December 31, 2023, and 2022 are as follows: Number Weighted Average Exercise Price Balance, January 1, 2022 5,966,204 $ 3.55 Expiration of warrants (5,437 ) Exercise of warrants (630,161 ) Warrants issued in the November 2022 Private Placement 1,726,366 Balance, December 31, 2022 7,056,972 $ 3.54 Warrants issued in the March 2023 Private Placement 1,034,463 Exercise of warrants (92,000 ) Warrants issued in the June 2023 Direct Offering 2,214,596 Warrants issued in the December 2023 Direct Offering 751,554 Balance, December 31, 2023 10,965,585 $ 2.63 (ii) As of December 31, 2023, the Company had outstanding warrants, enabling the holders to acquire common shares as follows: SCHEDULE OF OUTSTANDING WARRANTS December 31, 2023 Expiry date Exercise price Exercise price (USD) 2,658,313 November 10, 2025 ILS 7.1418 $ 1.97 1,366,631 December 24, 2025 ILS 7.1418 $ 1.97 221,100 April 18, 2026 ILS 29.025 $ 8.00 1,084,562 May 28, 2026 ILS 29.025 $ 8.00 1,634,366 November 8, 2024 CAD 2.04 $ 1.60 1,034,463 March 13, 2025 CAD 2.35 $ 1.75 2,214,596 June 12, 2025 CAD 2.93 $ 2.20 751,554 December 13, 2025 CAD 2.05 $ 1.50 10,965,585 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 21 – WARRANTS AND OPTIONS (CONTINUED): b) Stock Options Stock option transactions for the years ended December 31, 2023, and 2022 are as follows: SCHEDULE OF STOCK OPTION TRANSACTIONS Number Weighted Average Exercise Price (CAD) Weighted Average Exercise Price (USD) Balance January 1, 2022 820,010 $ 2.10 $ 1.78 Exercise of options (116,667 ) 2.27 Expiry of options (20,000 ) 1.5 Options granted 1,200,000 3.67 Balance December 31, 2022 1,883,343 $ 3.17 $ 2.32 Exercise of options - Expiry of options (74,875 ) 1.25 Options granted 1,735,250 1.82 Balance December 31, 2023 3,543,718 $ 2.53 $ 1.91 (i) On August 4, 2022, 900,000 3.56 August 2, 2032 2,712 4.12 10 112 2.67 0 (ii) On August 21, 2022, 300,000 4.00 August 2, 2032 977 4.00 10 112 2.99 0 (iii) On January 4, 2023, 816,500 1.65 January 4, 2033 1,017 1.80 10 112 3.28 0 (iv) On February 8, 2023, 100,000 2.01 November 25, 2027 135 2.18 4.8 112 3.16 0 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 21 – WARRANTS AND OPTIONS (CONTINUED): b) Stock Options (continued) (v) On April 18, 2023, 423,750 1.60 April 18, 2033 420 1.42 10 111 3.57 0 (vi) On June 28, 2023, 245,000 2.45 June 28, 2028 443 2.92 5 111 4.14 0 (vii) On September 20, 2023, 150,000 2.20 September 20, 2033 231 2.20 10 112 4.35 0 (viii) As at December 31, 2023, the Company had outstanding stock options, enabling the holders to acquire common shares as follows: SCHEDULE OF OUTSTANDING STOCK OPTIONS Outstanding as Exercisable as Expiry date Exercise price (CAD) Exercise price (USD) 543,333 543,333 August 20, 2025 CAD 1.50 $ 1.13 33,333 33,333 January 28, 2025 CAD 3.00 $ 2.27 50,000 33,333 June 3, 2026 CAD 8.40 $ 6.34 16,677 16,677 October 28, 2026 CAD 8.00 $ 6.04 900,000 450,000 August 2, 2032 CAD 3.56 $ 2.69 300,000 300,000 August 21, 2032 CAD 4.00 $ 3.02 804,125 804,125 January 4, 2033 CAD 1.65 $ 1.25 100,000 100,000 November 25, 2027 CAD 2.01 $ 1.52 401,250 - April 18, 2033 CAD 1.60 $ 1.21 245,000 - June 28, 2028 CAD 2.45 $ 1.85 150,000 50,000 September 20, 2033 CAD 2.20 $ 1.66 3,543,718 2,330,801 (ix) Share-based compensation expense is recognized over the vesting period of options. During the year ended December 31, 2023, share-based compensation of $ 4,245 4,868 843 c) RSU’s On August 4, 2022, the Company granted 1,265,000 590,000 The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 1,265,000 common shares of no par value in the Company (“Common Shares”). On January 4, 2023, the Company granted 1,027,000 260,000 The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 1,027,000 Common Shares . On April 18, 2023, the Company granted 116,250 The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 116,250 Common Shares of no-par value in the Company. On June 28, 2023, the Company granted 165,000 The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 165,000 Common Shares. RSU’s transactions for the year ended December 31, 2023, and for the year ended December 31, 2022, are as follows: SCHEDULE OF RSU’S TRANSACTIONS Number Balance, January 1, 2022 - RSU’s granted 1,265,000 Exercise of RSU’s (545,000 Balance, December 31, 2022 720,000 RSU’s granted 1,308,250 Expiry of RSU’s (91,667 ) Exercise of RSU’s (464,499 ) Balance, December 31, 2023 1,472,084 Total exercisable RSU’s as at December 31, 2023, are 274,166 1,079 2,475 nil A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
NON-CONTROLLING INTERESTS	NOTE 22 – NON-CONTROLLING INTERESTS The following Company subsidiaries which have non-controlling interests: SCHEDULE OF SUBSIDIARIES OF NON-CONTROLLING INTERESTS December 31, December 31, 2023 2022 Cust2mate $ (5,167 ) $ (2,791 ) AAI 369 394 Non controlling interest $ (4,798 ) $ (2,397 )

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
REVENUES	NOTE 23 – REVENUES Revenue streams: SCHEDULE OF REVENUE FROM SERVICES Year Ended December 31 2023 2022 2021 Revenues from services: Revenues from services $ 1,730 $ 1,364 $ 1,548 Revenues from leasing 433 341 387 Precision metal parts: Revenues from sales of precision metal parts 3,084 3,958 - Smart Carts: Revenues from smart carts project 6,128 3,688 750 Revenues 11,375 9,351 2,685 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

COST OF REVENUES

COST OF REVENUES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
COST OF REVENUES	NOTE 24 – COST OF REVENUES : SCHEDULE OF COST OF REVENUES 2023 2022 2021 Year Ended December 31 2023 2022 2021 Payroll and related expenses $ 2,274 $ 2,383 $ 1,096 Subcontractor and outsourced work 224 103 162 Materials and components consumed 5,854 4,650 291 Depreciation 118 131 - Motor vehicle fleet costs 226 165 373 Smart cart maintenance 429 - - Other 257 85 107 Cost of revenues $ 9,382 $ 7,517 $ 2,029

RESEARCH AND DEVELOPMENT EXPENS

RESEARCH AND DEVELOPMENT EXPENSES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
RESEARCH AND DEVELOPMENT EXPENSES	NOTE 25 – RESEARCH AND DEVELOPMENT EXPENSES : SCHEDULE OF RESEARCH AND DEVELOPMENT EXPENSES 2023 2022 2021 Year Ended December 31 2023 2022 2021 Payroll and related expenses $ 1,758 $ 867 $ 510 Subcontractor and outsourced work 2,331 3,362 2,477 Share-based compensation 532 - - Legal fees - 20 99 Pilot expenses and other 130 212 136 Research and development expense $ 4,751 $ 4,462 $ 3,222

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
GENERAL AND ADMINISTRATIVE EXPENSES	NOTE 26 – GENERAL AND ADMINISTRATIVE EXPENSES : SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES 2023 2022 2021 Year Ended December 31 2023 2022 2021 Payroll and related $ 4,007 $ 3,990 $ 1,027 Professional fees 2,370 2,233 3,417 Share-based compensation 4,531 4,868 842 Depreciation and amortization 591 420 321 Office maintenance 369 437 275 Rent and related expenses 360 126 96 Travel 156 150 - Public company related expenses 824 316 254 Directors & officers’ insurance 253 267 119 Doubtful debts - 382 - Other 472 410 143 General and administrative expenses 13,933 13,599 6,494 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

LOSS PER SHARE

LOSS PER SHARE	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
LOSS PER SHARE	NOTE 27 LOSS PER SHARE : Both the basic and diluted loss per share have been calculated using the weighted average number of shares in issue during the relevant financial periods, the weighted average number of equity shares in issue and loss for the period as follows: SCHEDULE OF LOSS PER SHARE 2023 2022 2021 Year Ended December 31 2023 2022 2021 Net loss for the year attributable to A2Z’s shareholders $ 16,061 $ 16,557 $ 39,163 Weighted average number of ordinary shares 34,748,029 27,681,778 23,340,621 Basic and diluted loss per share $ 0.46 $ 0.60 $ 1.68 (*) The company restated its presentation of basic and diluted loss per share for the year ended December 31, 2022 due to an immaterial error from (0.7) basic and diluted loss per share to (0.60) basic and diluted loss per share.

FINANCIAL EXPENSES, NET

FINANCIAL EXPENSES, NET	12 Months Ended
	Dec. 31, 2023
Financial Expenses Net
FINANCIAL EXPENSES, NET	NOTE 28 – FINANCIAL EXPENSES, NET : SCHEDULE OF FINANCIAL EXPENSES 2023 2022 2021 Year Ended December 31 2023 2022 2021 Bank fees and interest $ 170 $ 136 $ 77 Interest expenses from lease liabilities 62 97 14 Exchange rate differences, net 70 - - Revaluation of provision (85 ) 1,158 - Financial expenses $ 217 $ 1,391 $ 91

INCOME TAX EXPENSE

INCOME TAX EXPENSE	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
INCOME TAX EXPENSE	NOTE 29 – INCOME TAX EXPENSE : A. Taxes on income: The combined Canadian federal and provincial statutory income tax rate is 26.5% (2022 and 2021 - 26.5% ). Israeli corporate tax rates are 23% in 2023 (2022 and 2021 – 23% ). B. Tax reconciliation: SCHEDULE OF EFFECTIVE INCOME TAX EXPENSE 2023 2022 2021 Year Ended December 31 2023 2022 2021 Loss before income tax $ (18,057 ) $ (18,347 ) $ (40,148 ) Statutory tax rate 23 % 23 % 23 % Income tax benefit at the statutory tax rate 4,153 4,220 9,234 Expenses not recognized for tax purposes (4,153 ) (4,220 ) (9,234 ) Recognition/Derecognition of deferred tax assets which were not recognized on prior periods - - (142 ) Income tax expense $ - $ - $ (142 ) C. Income tax expense: SCHEDULE OF INCOME TAX EXPENSE 2023 2022 2021 Year Ended December 31 2023 2022 2021 Current $ - $ - $ - Prior year taxes - - 142 Deferred taxes, net - - - Total $ - - $ 142 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 29 – INCOME TAX EXPENSE: (CONTINUED) D. Deferred tax assets: Deferred tax assets have not been recognized in respect of carryforward losses because it is not probable that future taxable profit will be available against which the group can utilize the benefits therefrom.

RELATED PARTIES AND SHAREHOLDER

RELATED PARTIES AND SHAREHOLDERS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
RELATED PARTIES AND SHAREHOLDERS	NOTE 30- RELATED PARTIES AND SHAREHOLDERS The following transactions arose with related parties: SCHEDULE OF AMOUNT OWING BY RELATED PARTIES Year ended December 31, 2023 Directors Fees Consulting Fees / Salaries Share based awards Total Amounts owing by (to) as of December 31, 2023 CEO and company controlled by CEO $ - $ 1,235 $ - $ 1,235 $ (103 ) CFO - 96 - 96 (9 ) Directors 32 325 263 620 (30 ) $ 32 $ 1,656 $ 263 $ 1,951 $ (142 ) Year ended December 31, 2022 Directors Fees Consulting Fees / Salaries Share based awards Total Amounts owing by (to) as of December 31, 2022 CEO and company controlled by CEO $ - $ 1,224 $ - $ 1,224 $ (12 ) CFO - 84 160 244 - Directors 28 - 64 92 - $ 28 $ 1,308 $ 224 $ 1,560 $ (12 ) Year ended December 31, 2021 Directors Fees Consulting Fees / Salaries Share based awards Total Amounts owing by (to) as of December 31, 2021 CEO and company controlled by CEO $ - $ 1,001 $ - $ 1,001 $ 126 CFO - 94 59 153 - Directors 31 - 11 42 - $ 31 $ 1,095 $ 70 $ 1,196 $ 126 The CEO has an agreement with the Company pursuant to which he received a consulting fee of approximately $ 71 250,000 260 240 260 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

FINANCIAL INSTRUMENTS AND RISK

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT	NOTE 31 - FINANCIAL INSTRUMENTS AND RISK MANAGEMENT The Company is exposed to a variety of financial risks, which results from its financing, operating and investing activities. The objective of financial risk management is to contain, where appropriate, exposures in these financial risks to limit any negative impact on the Company’s financial performance and position. The Company’s financial instruments are its cash, trade and other receivables, payables, other payables and loans. The main purpose of these financial instruments is to raise finance for the Company’s operation. The Company actively measures, monitors and manages its financial risk exposures by various functions pursuant to the segregation of duties and principals. The risks arising from the Company’s financial instruments are mainly credit risk and currency risk. The risk rate on loans is fixed. The risk management policies employed by the Company to manage these risks are discussed below. NOTE 31 - FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (CONTINUED): A. Credit risk: Credit risk arises when a failure by counterparties to discharge their obligations could reduce the amount of future cash inflows from financial assets on hand at the balance sheet date. The Company closely monitors the activities of its counterparties and controls access to its intellectual property which enables it to ensure the prompt collection of customers’ balances. The Company’s main financial assets are cash and cash equivalents as well as other receivables and represent the Company’s maximum exposure to credit risk in connection with its financial assets. Wherever possible and commercially practical the Company holds cash with major financial institutions in Israel. Credit risk arises when a failure by counterparties to discharge their obligations could reduce the amount of future cash inflows from financial assets on hand at the balance sheet date. The Company closely monitors the activities of its counterparties and controls access to its intellectual property which enables it to ensure the prompt collection of customers’ balances. Although we maintain incident management and disaster response plans, in the event of a major disruption caused by a natural disaster or man-made problem, or outbreaks of pandemic diseases, including COVID-19, we may be unable to continue our operations and may experience system interruptions and reputational harm. Acts of terrorism and other geo-political unrest, including the ongoing conflict in Ukraine, could also cause disruptions in our business or the business of our customers, partners, vendors, or the economy as a whole. All the aforementioned risks may be further increased if our disaster recovery plans prove to be inadequate. The Company’s main financial assets are cash and cash equivalents and trade accounts receivable as well as marketable securities and represent the Company’s maximum exposure to credit risk in connection with its financial assets. Wherever possible and commercially practical the Company holds cash with major financial institutions In Israel. SCHEDULE OF FINANCIAL ASSET WITH CASH AND TRADE ACCOUNTS RECEIVABLE December 31, December 31, 2023 2022 Cash and Cash Equivalents $ 2,267 $ 2,616 Deposits 77 8 Trade receivables 1,477 1,373 Other Accounts Receivable 660 2,570 Total $ 4,481 $ 6,567 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 31 - FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (CONTINUED): B. Liquidity risks: Liquidity risk is the risk that arises when the maturity of assets and the maturity of liabilities do not match. An unmatched position potentially enhances profitability but can also increase the risk of loss. The Company has procedures with the object of minimizing such loss by maintaining sufficient cash and other highly liquid current assets and by having an available adequate amount of committed credit facilities. The following tables detail the Company’s remaining contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay SCHEDULE OF LIQUIDITY RISKS Contractual Carrying amounts Within 1 year over 1 year Trade payables $ 1,742 $ 1,742 $ - Other accounts payable $ 2,534 $ 2,534 $ - Loans $ 1,394 $ 1,166 $ 228 Lease liability $ 600 $ 190 $ 410 C. Market risks: The Company’s’ business of maintenance services of various electronic systems is highly competitive and involves a certain degree of risk. The Company’s business operations will depend largely upon the outcome of continued sales and services to security establishments and the initiation of sales of their products to the civilian markets. The Company’s Cust2Mate business is new, and the Company is aware of competitors in the market. In addition to the regular management oversight and skills required, success in this segment will require the Company to penetrate the market as rapidly as possible. As of December 31, 2023, if the Company’s functional currency (ILS) had strengthened/ weakened by 5% against the USD, with all other variables held constant, the loss for the year would decrease /increase by approximately $ 47 D. Interest rate risks: The Company is exposed to cash flow interest rate risk from long-term borrowings at variable rate. It is currently Company policy that between 50% and 75% of Company borrowings are fixed rate borrowings During 2023 and 2022, the Company’s borrowings at variable rate were denominated in NIS. The Company analyses the interest rate exposure on a quarterly basis. A sensitivity analysis is performed by applying a simulation technique to the liabilities that represent major interest-bearing positions. Various scenarios are run taking into consideration refinancing, renewal of the existing positions, alternative financing, and hedging. Based on the simulations performed, the impact on profit and loss and net assets of a 100 basis point shift (being the maximum reasonable expectation of changes in interest rates) would be approximately $ 165 E. Capital management The Company considers its capital to be comprised of shareholders’ equity. The Company’s objectives in managing its capital are to maintain its ability to continue as a going concern and to further develop its business. To effectively manage the Company’s capital requirements, the Company has a planning and budgeting process in place to meet its strategic goals. In order to facilitate the management of its capital requirements, the Company prepares expenditure budgets that are updated as necessary depending on various factors, including successful capital deployment and general industry conditions. Management reviews the capital structure on a regular basis to ensure the above objectives are met. There have been no changes to the Company’s approach to capital management during the year ended December 31, 2023. There are no externally imposed restrictions on the Company’s capital. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

OPERATING SEGMENTS

OPERATING SEGMENTS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
OPERATING SEGMENTS	NOTE 32 – OPERATING SEGMENTS The Company and its subsidiaries are engaged in the following three a. Maintenance services to the military utilizing the application of advanced engineering capabilities as well as development of related products for the civilian and retail markets. (“Advanced Engineering”) b. Retail automation solutions – Smart Carts (“Smart Carts”) c. Manufacturing and selling of precision metal parts – “Precision Metal Parts” SCHEDULE OF OPERATING SEGMENTS Year Ended December 31, 2023 Precision Metal Parts Advanced Engineering Smart Carts (*) Total (**) Revenues External $ 3,084 $ 2,619 $ 6,128 $ 11,831 Inter-segment - (456 ) - (456 ) Total 3,084 2,163 6,128 11,375 Segment operational loss (gain) 1,389 317 16,362 18,068 Gain on revaluation of warrant liability (1,255 ) Loss on impairment of goodwill 1,027 Finance expense, net 217 Tax expenses - Loss $ 18,057 (*) All revenues from the smart cart segment are generated from one customer, which is the main customer of the Company, and accounts for 51.5 10 (**) All revenues are generated in the state of Israel. (**) All non-current assets are located in the state of Israel. Year Ended December 31, 2022 Precision Metal Parts Advanced Engineering Smart Carts (*) Total (**) Revenues External $ 3,958 $ 1,705 $ 3,688 $ 9,351 Total 3,958 1,705 3,688 9,351 Segment operational loss (gain) 761 (60 ) 16,001 16,702 Loss on revaluation of warrant liability 254 Finance expense, net 1,391 Tax expenses - Loss $ 18,347 (*) All revenues from the smart cart segment are generated from one customer, which is the main customer of the Company, and accounts for 39.4 10 (**) All revenues are generated in the state of Israel. (**) All non-current assets are located in the state of Israel. Year Ended December 31, 2021 Precision Metal Parts Advanced Engineering Smart Carts (*) Total (**) Revenues External $ - $ 1,935 $ 750 $ 2,685 Total - 1,935 750 2,685 Segment operational loss - 1,034 8,128 9,162 Loss on revaluation of warrant liability 30,895 Finance expense, net 91 Tax expenses 142 Loss $ 40,290 (*) All revenues from the smart cart segment are generated from one customer, which is the main customer of the Company, and accounts for 27.9 10 (**) All revenues are generated in the state of Israel. (**) All non-current assets are located in the state of Israel. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 32 – OPERATING SEGMENTS (CONTINUED): As at December 31, 2023 Precision Metal Parts Advanced Engineering Smart Carts Adjustment & Elimination Total Segment assets $ 2,316 $ 1,249 $ 4,954 $ - $ 8,519 Segment liabilities $ 3,507 $ 832 $ 6,489 $ - $ 10,828 As at December 31, 2022 Precision Metal Parts Advanced Engineering Smart Carts Adjustment & Elimination Total Segment assets $ 2,741 $ 1,162 $ 8,791 $ - $ 12,694 Segment liabilities $ 3,575 $ 1,043 $ 5,187 $ - $ 9,805

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SUBSEQUENT EVENTS	NOTE 33 – SUBSEQUENT EVENTS a. On January 11, 2024, the Company closed registered direct offerings for gross proceeds of $ 3,227 2,806,302 1.15 1.36 1,403,151 2.05 1.50 1,403,151 258 348 224,504 b. On April 2, 2024, the Company closed a registered direct offering for gross proceeds of approximately $ 3.3 0.35 9,480,500 In addition, the Company has entered into binding agreements with certain investors to issue 6,842,857 0.35 2.4 In connection with the registered direct offering, the Company has issued certain non-U.S. residents 734,440 Additionally, the Company advises that certain directors and officers of the Company participated in the registered direct offering and the private placement in an amount of $ 525,000

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Significant Accounting Policies
Cash and cash equivalents	A. Cash and cash equivalents Cash equivalents are considered by the Company to be highly liquid investments, including, inter alia, short-term deposits with banks, the maturity of which do not exceed three months at the time of deposit, and which are not restricted.
Short term deposits	B. Short term deposits A short term deposit is cash held in a short-term deposit (between three months and one year) or in a long-term deposit (with a maturity of more than one year from the date of investment). Short term deposits are deposits designated to secure the Company’s car lease agreements and its credit cards.
Loss per share	C. Loss per share Basic loss per share is computed by dividing the net loss available to common shareholders by the weighted average number of shares outstanding during the reporting period. Diluted loss per share is computed similarly to basic loss per share except that the weighted average number of shares outstanding is increased to include additional shares from the assumed exercise of stock options and warrants, if dilutive. The average number of shares is calculated by assuming that outstanding conversions were exercised and that the proceeds from such exercises were used to acquire common shares at the average market price during the reporting period. For the years ended December 31, 2023, and 2022, potentially dilutive common shares issuable upon the exercise of warrants and options were not included in the computation of loss per share because their effect was anti-dilutive.
Provisions	D. Provisions Provisions are recognized when the Company has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions are measured using the best estimate of the amounts required to settle the obligation at the end of the reporting period.
Fair value measurement	E. Fair value measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: 1. In the principal market for the asset or liability, or 2. In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to the Company. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): E. Fair value measurement (cont.) A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Classification of fair value hierarchy The financial instruments presented in the statement of financial position at fair value are grouped into classes with similar characteristics using the following fair value hierarchy which is determined based on the source of input used in measuring fair value: Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable either directly or indirectly. Level 3 - Inputs that are not based on observable market data (valuation techniques which use inputs that are not based on observable market data). 1. Financial assets The Company classifies its financial assets into one of the following categories, based on the business model for managing the financial asset and its contractual cash flow characteristics. The Company’s accounting policy for the relevant category is as follows: Amortized cost: These assets arise principally from the provision of goods and services to customers (e.g. trade accounts receivable), but also incorporate other types of financial assets where the objective is to hold these assets in order to collect contractual cash flows and the contractual cash flows are solely payments of principal and interest. They are initially recognized at fair value plus transaction costs that are directly attributable to their acquisition or issue, and are subsequently carried at amortized cost using the effective interest rate method, less provision for impairment. Impairment provisions for trade accounts receivable are recognized based on the simplified approach within IFRS 9 using a provision in the determination of the lifetime expected credit losses. During this process the probability of the non-payment of the trade receivables is assessed. This probability is then multiplied by the amount of the expected loss arising from default to determine the lifetime expected credit loss for the trade receivables. For trade receivables, which are reported net, such provisions are recorded in a separate provision account with the loss being recognized within general and administrative expenses in the consolidated statement of comprehensive income. On confirmation that the trade receivable will not be collectable, the gross carrying value of the asset is written off against the associated provision. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): E. Fair value measurement (cont.): 2. Financial Liabilities The Company classifies its financial liabilities into one of two categories, depending on the purpose for which the liability was acquired. The Company’s accounting policy for each category is as follows: Fair value through profit or loss: Warrants are initially recognized at fair value net of any transaction costs directly attributable to the issue of the instrument. Such liabilities are subsequently measured at fair value through profit or loss. Other financial liabilities include the following items: Bank borrowings are initially recognized at fair value net of any transaction costs directly attributable to the issue of the instrument. Such interest-bearing liabilities are subsequently measured at amortized cost using the effective interest rate method, which ensures that any interest expense over the period to repayment is at a constant rate on the balance of the liability carried in the consolidated statement of financial position. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding. Trade accounts payable and other accounts payable, which are initially recognized at fair value and subsequently carried at amortized cost using the effective interest method. Another financial liability recognized at fair value is due to a commitment to the selling shareholders of Isramat (See also note 7) that if the aggregate proceeds received by a selling shareholder from the sale of its acquisition shares during the lockup period, together with the value of its unsold acquisition shares as of the end of such period, is lower than its pro rata portion in the equity consideration, the Company will pay the difference in cash to such selling shareholder. 3. Issue of a unit of securities: The issue of a unit of securities involves the allocation of the proceeds received (before issue expenses) to the securities issued in the unit based on the following order: financial derivatives and other financial instruments measured at fair value in each period. Then fair value is determined for financial liabilities that are measured at amortized cost. The proceeds allocated to equity instruments are determined to be the residual amount. Issue costs are allocated to each component pro rata to the amounts determined for each component in the unit. 4. Derivative liability - Warrants: Warrants that are denominated in a currency other than the functional currency of the Company are considered a derivative liability and are classified as financial liabilities at fair value through profit or loss. Accordingly, these warrants are measured at fair value and the changes in fair value in each reporting period are recognized in profit or loss. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): E. Fair value measurement (cont.): 5. Impairment of financial assets ECL and their measurement ECL are measured as the unbiased probability-weighted present value of all cash shortfalls over the expected life of each financial asset. For receivables from financial services, ECL are mainly calculated with a statistical model using three major risk parameters: probability of default, loss given default and exposure at default. The estimation of these risk parameters incorporates all available relevant information, not only historical and current loss data, but also reasonable and supportable forward-looking information reflected by the future expectation factors. This information includes macroeconomic factors (e.g., gross domestic product growth, unemployment rate, cost performance index) and forecasts of future economic conditions. For receivables from financial services, these forecasts are performed using a scenario analysis (base case, adverse and optimistic scenarios). As of December 31, 2023, and December 31, 2022, ECL for trade and other account receivables are not material. Definition of default, including reasons for selecting the definition Prior to commencing a business relationship, the Company will enter into an agreement with the customer. The agreement or contract typically includes details of the terms of payment to which the customer is entitled. In most cases, the customer updates the Company if there is a delay in the payment beyond the terms of the agreement. Any delays in payment for more than two months are subject to approval of management. If a customer’s scheduled payment is delayed by more than two months and such delay is not approved by the Company’s management, the CEO will typically make direct contact with the customer’s management and inform them of the overdue obligation and that Company will pursue remedies available to collect the overdue payment. If the customer and the Company are not able to resolve the matter at that time, the receivable is considered to be in default as the collectability is no longer certain. If the collection effort is not successful, the Company will retain legal counsel in the applicable country to assist with collection and sends a demand letter to that effect. Write-off policy The Company writes off its financial assets if any of the following occur: ● Inability to locate the debtor. ● Discharge of the debt in a bankruptcy. ● It is determined that the efforts to collect the debt are no longer cost effective given the size of receivable. The collections department must comply with the collection efforts outlined in the policy to collect on delinquent customer accounts before any write-offs are made. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): E. Fair value measurement (cont.): Aging Schedule based on due date AGING SCHEDULE BASED ON DUE DATE December 31, December 31, Aging schedule December 31, December 31, Within payment terms $ 1,477 $ 1,373 Total $ 1,477 $ 1,373 Three-level matrix Based on its past experience and historical data along with a consideration of future projections of factors, such as the economic environment, the Company has established a three-level matrix. The three-level matrix contains the following groups and balances: SCHEDULE OF THREE-LEVEL MATRIX December 31, December 31, Government institutions $ 483 $ 279 Industrial customers 994 1,052 Other customers - 42 Total $ 1,477 $ 1,373 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
Operating Segment	F. Operating Segment : An operating segment is a component of the Company that meets the following three criteria: 1. Is engaged in business activities from which it may earn revenues and incur expenses; 2. Whose operating results are regularly reviewed by the Company’s chief operating decision maker to make decisions about allocated resources to the segment and assess its performance; and 3. For which separate financial information is available. Segment revenue and segment costs include items that are attributable to the relevant segments and items that can be allocated to segments. Items that cannot be allocated to segments include the Company’s financial income and expenses and income tax. The Company has three operating segments; Precision Metal Parts, Advanced Engineering and Smart Carts.
Share-based compensation	G. Share-based compensation : Where equity settled share options are awarded to employees and service providers, the fair value of the options calculated at the grant date is based on the market share price and is charged to the statement of comprehensive income over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. As long as all other vesting conditions are satisfied, a charge is made irrespective of whether the market vesting conditions are satisfied. The cumulative expense charged is not adjusted for failure to achieve a market vesting condition.
Deferred taxes	H. Deferred taxes Deferred taxes are recognized in respect of temporary differences between the carrying amounts of assets and liabilities in the financial statements and the amounts attributable for tax purposes. Significant judgment is required to determine the amount of deferred tax assets that can be recognized, based upon the estimated timing and level of future taxable profits together with future tax planning strategies. Deferred taxes are measured at the tax rates that are expected to apply in the period when the temporary differences are reversed based on tax laws that have been enacted or substantively enacted at the end of the reporting period. Deferred taxes are recognized in Profit or loss, except when they relate to items recognized in other comprehensive income or directly in equity. Deferred tax assets are reviewed at the end of each reporting period and reduced to the extent that it is not probable that they will be utilized. In addition, temporary differences (such as carry forward losses) for which deferred tax assets have not been recognized or reassessed are recognized to the extent that their recoverability is probable. Any resulting reduction or reversal is recognized as “income tax” within the statement of comprehensive income. All deferred tax assets and liabilities are presented in the statement of financial position as non-current items, respectively. Deferred taxes are offset in the statement of financial position if there is a legally enforceable right to offset a current tax asset against a current tax liability and the deferred taxes relate to the same taxpayer and the same taxation authority. The current tax liability is measured using the tax rates and tax laws that have been enacted or substantively enacted by the reporting date as well as adjustments required in connection with the tax liability in respect of previous years. Deferred tax assets in respect to carryforward losses have not been recognized in respect of these items because it is not probable that future taxable profit will be available against which the group can utilize the benefits therefrom. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
Defined benefit schemes	I. Defined benefit schemes The Company contributes towards the state pension in accordance with local legislation where required. The only obligation of the Company is to make the required contributions. Costs related to such contributions are expensed in the period in which they are incurred. The Company has several employee benefits plans as to its employees: 1. Short-term employee benefits: Short-term employee benefits include salaries, paid annual leave, paid sick leave, recreation and social security contributions and are recognized as expenses as the services are rendered. A liability in respect of a cash bonus or a profit-sharing plan is recognized when the Company has a legal or constructive obligation to make such payment as a result of past service rendered by an employee and a reliable estimate of the amount can be made. 2. Post-employment benefits: The plans are normally financed by contributions to insurance companies and classified as defined contribution plans or as defined benefit plans. This liability is calculated based on actuary measurement. Contributions to the defined contribution plan in respect of severance or retirement pay are recognized as an expense simultaneously with receiving the employee’s services and no additional provision is required in the financial statements except for the unpaid contribution. The Company also operates for some employees an immaterial defined benefit plan in respect of severance pay pursuant to the Severance Pay Law. The Company presents the accrued severance pay liability net from severance pay fund.
Property, plant and equipment	J. Property, plant and equipment Items of property, plant and equipment are initially recognized at cost. Cost includes directly attributable costs and the estimated present value of any future costs of dismantling and removing items. Depreciation is computed by the straight-line method, based on the estimated useful lives of the assets, as follows: SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS Estimated useful lives Computers and electronic equipment 3 Machines and manufacturing equipment 10 Furniture and equipment 7 Vehicles 6.67 ERP system and R&D expenses 3 - 6 Leasehold Improvement 10 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
Revenue recognition	J. Revenue recognition Revenue is recognized based on the five-step model outlined in IFRS 15, Revenue from Contracts with Customers. IFRS 15 sets out a single revenue recognition model, according to which the entity shall recognize revenue in accordance with the said core principle by implementing a five-step model framework: 1. Identify the contracts with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when the entity satisfies a performance obligation. i. Revenue from services is derived from contracts with customers pursuant to which the Company provides maintenance for various electronic systems. Revenues on these contracts are recognized using the straight-line method, based on the period of time passed. ii Revenue from leasing is derived from contracts with customers pursuant to which the Company leases soaking containers. Revenues on these contracts are recognized on a straight-line basis. iii Revenue from sale of smart carts is recognized from sale of goods in profit or loss at the point in time when the control of the goods is transferred to the customer, generally upon delivery of the smart carts to the customer. iv. Revenues generated in Isramat are recognized from sale of goods in profit or loss at the point in time when the control of the goods is transferred to the customer, generally upon delivery of the goods to the customer. Performance obligations and timing of revenue recognition The majority of the Company’s revenue is derived from selling goods with revenue recognized at a point in time when control of the goods has transferred to the customer. This is generally when the goods are delivered to the customer. However, for export sales, control might also be transferred when delivered either to the port of departure or port of arrival, depending on the specific terms of the contract with a customer. There is limited judgement needed in identifying the point control passes: once physical delivery of the products to the agreed location has occurred, the Company no longer has physical possession, usually will have a present right to payment (as a single payment on delivery) and retains none of the significant risks and rewards of the goods in question. The Company has a segment which carries out maintenance and leasing services for clients, with revenue recognized typically on an over time basis. This is because the designs created have no alternative use for the Company and the contracts would require payment to be received for the time and effort spent by the Company on progressing the contracts in the event of the customer cancelling the contract prior to completion for any reason other than the Company’s failure to perform its obligations under the contract. On partially complete service contracts, A Layout (International) recognizes revenue based on stage of completion of the project which is estimated by comparing the number of hours actually spent on the project with the total number of hours expected to complete the project (i.e. an input based method). This is considered a faithful depiction of the transfer of services as the contracts are initially priced on the basis of anticipated hours to complete the projects and therefore also represents the amount to which the Company would be entitled based on its performance to date. Determining the transaction price A substantial amount of the Company’s revenue is derived from Smart Cart segment – fixed price contracts and therefore the amount of revenue to be earned from each contract is determined by reference to those fixed prices. Exceptions are as follows: ● For one key customer, the Company accepts orders and is paid up in advance of delivering the products.
Share based payment transactions	K. Share based payment transactions The Company’s employees and other service providers are entitled to remuneration in the form of equity-settled share-based payment. The cost of equity-settled transactions is recognized in profit or loss together with a corresponding increase in equity during the period which the performance and/or service conditions are to be satisfied ending on the date on which the relevant employees become entitled to the award (“the vesting period”). The cumulative expense recognized for equity-settled transactions at the end of each reporting date includes the Group’s best estimate of the number of equity instruments that will ultimately vest. The cost of equity-settled transactions with employees is measured at the fair value of the equity instruments granted at grant date. The fair value of option granted is determined using the Binomial Lattice option-pricing model (“Binomial model”). The Binomial model takes into account variables such as volatility, dividend yield rate, and risk-free interest rate and also allows for the use of dynamic assumptions and considers the contractual term of the option, the probability that the option will be exercised prior to the end of its contractual life, and the probability of termination or retirement of the option holder in computing the value of the option.
Research and development expenses	L. Research and development expenses Research expenses are recognized in profit or loss when incurred. An intangible asset arising from a development project or from the development phase of an internal project is recognized if the Company can demonstrate all of the following: the technical feasibility of completing the intangible asset so that it will be available for use or sale; the Company’s intention to complete the intangible asset and use or sell it; the Company’s ability to use or sell the intangible asset; how the intangible asset will generate future economic benefits; the availability of adequate technical, financial and other resources to complete the intangible asset; and the Company’s ability to measure reliably the expenditure attributable to the intangible asset during its development. Through December 31, 2022, costs in the amount of $219 have been capitalized and relate to the Company’s ERP system. All other development expenses have not met all the aforementioned criteria and therefore all development costs have been recognized in profit or loss. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
Standard not yet effective	M. Standard not yet effective There are a number of standards, amendments to standards, and interpretations which have been issued by the IASB that are effective in future accounting periods that the Company has decided not to adopt early. The following amendments are effective for the period beginning 1 January 2024: - IFRS 16 Leases (Amendment – Liability in a Sale and Leaseback) - IAS 1 Presentation of Financial Statements (Amendment – Classification of Liabilities as Current or Non-current) - IAS 1 Presentation of Financial Statements (Amendment – Non-current Liabilities with Covenants) The Company is currently assessing the impact of these new accounting standards and amendments. The Company does not believe that the amendments to IAS 1 will have a significant impact on the classification of its liabilities, as the conversion feature in its convertible debt instruments is classified as an equity instrument and therefore, does not affect the classification of its convertible debt as a non-current liability. The Company does not expect any other standards issued by the IASB, but not yet effective, to have a material impact on the Company. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)
Going Concern	N. Going Concern In order to assess whether it is appropriate for the company to continue as a going concern, management is required to apply judgment and make estimates with respect to future cash flow projections. In arriving at this judgment, there were several assumptions and estimates involved in calculating these future cash flow projections. This includes making estimates regarding the timing and amounts of future revenues and expenditures and the ability and timing to raising additional financing.
Functional Currency	O. Functional Currency The Company and its subsidiaries are required to determine their functional currencies based on the primary economic environment in which each entity operates. In order to do that, management has to analyze several factors, including which currency mainly influences the cost of undertaking the business activities, in which currency the entity has received financing, and in which currency it keeps its receipts from operating activities. Management uses its judgment to determine which factors are most important when the above indicators are mixed and the functional currency is not obvious. Changes in accounting policies The following amendments are effective for the period beginning 1 January 2023: Disclosure of Accounting Policies (Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements) In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2. The amendments aim to make accounting policy disclosures more informative by replacing the requirement to disclose ‘significant accounting policies’ with ‘material accounting policy information’. The amendments also provide guidance under what circumstance, the accounting policy information is likely to be considered material and therefore requiring disclosure. These amendments have no effect on the measurement or presentation of any items in the Consolidated financial statements of the Company but affect the disclosure of accounting policies of the Company. Definition of Accounting Estimates (Amendments to IAS 8 Accounting policies, Changes in Accounting Estimates and Errors) The amendments to IAS 8, which added the definition of accounting estimates, clarify that the effects of a change in an input or measurement technique are changes in accounting estimates, unless resulting from the correction of prior period errors. These amendments clarify how entities make the distinction between changes in accounting estimates, changes in accounting policy and prior period errors. These amendments had no effect on the consolidated financial statements of the Company. Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12 Income Taxes) In May 2021, the IASB issued amendments to IAS 12, which clarify whether the initial recognition exemption applies to certain transactions that result in both an asset and a liability being recognized simultaneously (e.g. a lease in the scope of IFRS 16). The amendments introduce an additional criterion for the initial recognition exemption, whereby the exemption does not apply to the initial recognition of an asset or liability which at the time of the transaction, gives rise to equal taxable and deductible temporary differences. These amendments had no effect on the annual consolidated financial statements of the Company. International Tax Reform – Pillar Two Model Rules (Amendment to IAS 12 Income Taxes) In December 2021, the Organization for Economic Co-operation and Development (OECD) released a draft legislative framework for a global minimum tax that is expected to be used by individual jurisdictions. The goal of the framework is to reduce the shifting of profit from one jurisdiction to another in order to reduce global tax obligations in corporate structures. In March 2022, the OECD released detailed technical guidance on Pillar Two of the rules. Stakeholders raised concerns with the IASB about the potential implications on income tax accounting, especially accounting for deferred taxes, arising from the Pillar Two model rules. The IASB issued the final Amendments (the Amendments) International Tax Reform – Pillar Two Model Rules, in response to stakeholder concerns on 23 May 2023. The Amendments introduce a mandatory exception to entities from the recognition and disclosure of information about deferred tax assets and liabilities related to Pillar Two model rules. The exception is effective immediately and retrospectively. The Amendments also provide for additional disclosure requirements with respect to an entity’s exposure to Pillar Two income taxes. Management has determined that the Company is not within the scope of OECD’s Pillar Two Model Rules and the exception to the recognition and disclosure of information about deferred tax assets and liabilities related to Pillar Two income taxes is not applicable to the Company. The following amendments are effective for the period beginning 1 January 2024: ● Classification of Liabilities as Current or Non-Current (Amendments to IAS 1 Presentation of Financial Statements); ● Non-current Liabilities with Covenants (Amendments to IAS 1 Presentation of Financial Statements); and The following amendments are effective for the period beginning 1 January 2025: ● Lack of Exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates The Company is currently assessing the impact of these new accounting standards and amendments. The Company does not believe that the amendments to IAS 1 will have a significant impact on the classification of its liabilities, as the conversion feature in its convertible debt instruments is classified as an equity instrument and therefore, does not affect the classification of its convertible debt as a non-current liability. The Company does not expect any other standards issued by the IASB, but are yet to be effective, to have a material impact on the Company. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Significant Accounting Policies
AGING SCHEDULE BASED ON DUE DATE	Aging Schedule based on due date AGING SCHEDULE BASED ON DUE DATE December 31, December 31, Aging schedule December 31, December 31, Within payment terms $ 1,477 $ 1,373 Total $ 1,477 $ 1,373
SCHEDULE OF THREE-LEVEL MATRIX	Based on its past experience and historical data along with a consideration of future projections of factors, such as the economic environment, the Company has established a three-level matrix. The three-level matrix contains the following groups and balances: SCHEDULE OF THREE-LEVEL MATRIX December 31, December 31, Government institutions $ 483 $ 279 Industrial customers 994 1,052 Other customers - 42 Total $ 1,477 $ 1,373
SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS	SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS Estimated useful lives Computers and electronic equipment 3 Machines and manufacturing equipment 10 Furniture and equipment 7 Vehicles 6.67 ERP system and R&D expenses 3 - 6 Leasehold Improvement 10

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF INVENTORIES	SCHEDULE OF INVENTORIES December 31, December 31, 2023 2022 Raw materials $ 36 $ 38 Smart cart parts 214 337 Inventories $ 250 $ 375

TRADE RCEIVABLES, NET (Tables)

TRADE RCEIVABLES, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF TRADE RECEIVABLES	SCHEDULE OF TRADE RECEIVABLES December 31, December 31, 2023 2022 Customers $ 1,491 $ 1,383 Expected credit losses (14 ) (10 ) Trade Receivables, net $ 1,477 $ 1,373

ACQUISITION (Tables)

ACQUISITION (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SUMMARY OF FAIR VALUE OF COMMITMENT	The table below summarizes the fair value of the commitment as of December 31, 2023: SUMMARY OF FAIR VALUE OF COMMITMENT Balance at January 1, 2022 $ - Acquisition date February 3, 2022 343 Revaluation 1,190 Effect of changes in foreign exchange rates (86 ) Balance at December 31, 2022 $ 1,447 Revaluation (85 ) Balance at December 31, 2023 $ 1,362

OTHER ACCOUNTS RECEIVABLE (Tabl

OTHER ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF OTHER ACCOUNTS RECEIVABLE	SCHEDULE OF OTHER ACCOUNTS RECEIVABLE December 31, December 31, 2023 2022 Advances to suppliers $ - $ 918 Prepaid expenses 323 751 Government institutions 253 151 Other 84 750 Other accounts receivable $ 660 $ 2,570

INTANGIBLE ASSETS - PATENT, N_2

INTANGIBLE ASSETS - PATENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SUMMARY OF INTANGIBLE ASSETS PATENT, NET	SUMMARY OF INTANGIBLE ASSETS PATENT, NET Balance, January 1, 2022 $ 2,091 Additions 311 Depreciation (200 ) Effect of changes in foreign exchange rates 5 Balance, December 31, 2022 $ 2,207 Additions - Depreciation (366 ) Effect of changes in foreign exchange rates 9 Balance, December 31, 2023 $ 1,850

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT NET	SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT NET Computers and electronic equipment Machines and manufacturing equipment Furniture and equipment Vehicles ERP system and R&D expenses Leasehold Improvements Right of use Asset Total Cost: As of January 1, 2023 $ 416 $ 2,208 $ 359 $ 858 219 $ 403 $ 1,180 $ 5,643 Additions 61 4 10 130 - 13 - 218 Disposals - - - (70 ) - - - (70 ) Additions from newly acquired subsidiary Translation adjustments (15 ) (60 ) (7 ) (50 ) (13 ) (22 ) (36 ) (203 ) As of December 31, 2023 $ 462 $ 2,152 $ 362 $ 868 206 $ 394 $ 1,144 $ 5,588 Accumulated depreciation: As of January 1, 2023 $ 290 $ 1,610 $ 289 $ 357 $ 5 $ 376 $ 360 $ 3,287 Additions 48 96 13 91 55 4 258 565 Disposals - - - (26 ) - - - (26 ) Translation adjustments (12 ) (28 ) (15 ) (10 ) (7 ) (21 ) (6 ) (99 ) As of December 31, 2023 $ 326 $ 1,678 $ 287 $ 412 $ 53 $ 359 $ 612 $ 3,727 Net Book Value: As of December 31, 2023 $ 136 $ 474 $ 75 $ 456 153 $ 35 $ 532 $ 1,861 As of December 31, 2022 $ 126 $ 598 $ 70 $ 501 214 $ 27 $ 821 $ 2,357 Computers and electronic equipment Machines and manufacturing equipment Furniture and equipment Vehicles ERP system and R&D expenses Leasehold Improvements Right of use Asset Total Cost: As of January 1, 2022 $ 440 $ - $ 201 $ 968 $ - $ 59 $ 362 $ 2,030 Additions 29 174 28 316 223 14 - 784 Disposals - - - (380 ) - - (380 ) Additions from newly acquired subsidiary - 2,242 178 34 - 367 859 3,681 Translation adjustments (53 ) (208 ) (48 ) (80 ) (4 ) (37 ) (42 ) (472 ) As of December 31, 2022 $ 416 $ 2,208 $ 359 $ 858 219 $ 403 $ 1,180 $ 5,643 Accumulated depreciation: As of January 1, 2022 $ 288 $ - $ 142 $ 368 $ - $ 59 $ 101 $ 958 Additions 37 116 16 88 5 3 107 372 Disposals - - - (58 ) - - - (58 ) Additions from newly acquired subsidiary - 1,657 158 6 - 350 164 2,335 Translation adjustments (35 ) (163 ) (27 ) (47 ) - (36 ) (12 ) (319 ) As of December 31, 2022 $ 290 $ 1,610 $ 289 $ 357 $ 5 $ 376 $ 360 $ 3,287 Net Book Value: As of December 31, 2022 $ 126 $ 598 $ 70 $ 501 214 $ 27 $ 821 $ 2,357 Balance $ 126 $ 598 $ 70 $ 501 214 $ 27 $ 821 $ 2,357 As of December 31, 2021 $ 152 $ - $ 59 $ 600 - $ - $ 261 $ 1,072 Balance $ 152 $ - $ 59 $ 600 - $ - $ 261 $ 1,072

SHORT TERM LOANS AND CURRENT _2

SHORT TERM LOANS AND CURRENT PORTION OF LONG-TERM LOANS (Tables)	12 Months Ended
	Dec. 31, 2023
Short Term Loans And Current Portion Of Long-term Loans
SCHEDULE OF SHORT TERM LOANS AND CURRENT PORTION OF LONG-TERM LOANS	SCHEDULE OF SHORT TERM LOANS AND CURRENT PORTION OF LONG-TERM LOANS Linked to Interest rate December 31, December 31, Short term loans NIS 3.2 %- 7.5 % $ 1,064 $ 1,114 Current portion of long-term loans 102 289 Short term loans and current portion of long-term loans $ 1,166 $ 1,403

LEASE LIABILITY (Tables)

LEASE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF CARRYING AMOUNTS OF LEASE LIABILITIES RECOGNIZED AND MOVEMENTS	Set out below are the carrying amounts of lease liabilities recognized and the movements during the period: SCHEDULE OF CARRYING AMOUNTS OF LEASE LIABILITIES RECOGNIZED AND MOVEMENTS Industrial areas and office facilities Balance January 1, 2022 $ 277 Additions 859 Accretion (335 ) Accumulated interest 107 Exchange rate differences (22 ) Balance December 31, 2022 $ 886 Additions - Accretion (277 ) Accumulated interest 68 Exchange rate differences (77 ) Balance December 31, 2023 $ 600 Linked to December 31, 2023 December 31, 2022 Long Term leases NIS $ 600 $ 886 Current portion of long-term leases 190 281 Non-current portion of long-term leases $ 410 $ 605

OTHER ACCOUNTS PAYABLE (Tables)

OTHER ACCOUNTS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF OTHER ACCOUNTS PAYABLE	SCHEDULE OF OTHER ACCOUNTS PAYABLE December 31, December 31, 2023 2022 Employees and government authorities $ 1,005 $ 681 Receipts on account of shares 1,119 - Accrued expenses 150 93 Related parties (note 30) 103 - Other 157 182 Other accounts payable $ 2,534 $ 956

LONG TERM LOANS (Tables)

LONG TERM LOANS (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF LONG TERM LOANS	SCHEDULE OF LONG TERM LOANS Linked to Interest rate December 31, December 31, Long term loans NIS 1.8 %- 6.1 % $ 330 $ 630 Less- Current portion (102 ) (289 ) Non Current Long term loans $ 228 $ 341

SEVERANCE PAYMENT, NET_ (Tables

SEVERANCE PAYMENT, NET: (Tables)	12 Months Ended
	Dec. 31, 2023
Severance Payment Net
SCHEDULE OF PLAN DEFINED BENEFIT OBLIGATION	SCHEDULE OF PLAN DEFINED BENEFIT OBLIGATION a. The plan liabilities, net: Year ended Year ended December 31, 2023 December 31, 2022 Defined benefit plan: Present value of defined benefit obligation $ 458 $ 394 Fair value of plan assets (337 ) (361 ) Total $ 121 $ 33 Changes in the present value of defined benefit obligation: 2023 2022 Balance at beginning of year $ 361 $ 541 Recognized in statement of comprehensive loss: Interest cost 10 9 Current service cost 32 30 Currency translation (10 ) (111 ) Recognized in other comprehensive gain : (1 ) (10 ) Net actuarial gain (55 ) (98 ) Balance at end of year $ 337 $ 361
SCHEDULE OF FAIR VALUE OF PLAN ASSETS	SCHEDULE OF FAIR VALUE OF PLAN ASSETS b. The movement in the fair value of the plan assets: 2023 2022 Balance at beginning of year $ (361 ) $ (374 ) Recognized in statement of comprehensive loss: Expected return 23 24 Recognized in other comprehensive loss /(gain): Net actuarial loss (gain) - - Other: Contributions by employer 1 (11 ) Balance at end of year $ (337 ) $ (361 )
SCHEDULE OF ASSUMPTIONS UNDERLYING DEFINED BENEFIT PLAN	SCHEDULE OF ASSUMPTIONS UNDERLYING DEFINED BENEFIT PLAN c. The principal assumptions underlying the defined benefit plan: December 31, 2023 December 31, 2022 Discount rate of the plan liability 2.95 % 2.75 % Expected rate of return on plan assets 2.84 % 2.64 % Future salary increases 3.97 % 3.82 %

WARRANT LIABILITY (Tables)

WARRANT LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2023
December 2023 registered direct offerings [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS	Level 3 for the period ended on December 31, 2023: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2023 $ - Issuance of December 2023 Registered Direct Offerings Warrants 402 Revaluation at December 31, 2023 110 Effect of changes in foreign exchange rates 8 Balance at December 31, 2023 $ 520
June 2023 Registered Direct Offerings [Member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS	Level 3 for the year ended on December 31, 2023: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2023 $ - Issuance of June 2023 Registered Direct Offerings Warrants 2,333 Balance at June 30, 2023 $ 2,333 Revaluation at September 30, 2023 (671 ) Effect of changes in foreign exchange rates (33 ) Balance at September 30, 2023 $ 1,629 Revaluation at December 31, 2023 (499 ) Effect of changes in foreign exchange rates 27 Balance at December 31, 2023 $ 1,157
March 2023 private placements [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS	Level 3 for the year ended on December 31, 2023: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2023 $ - Issuance of March 2023 Warrants 496 Balance at March 31, 2023 $ 496 Revaluation at June 30, 2023 1,004 Balance at June 30, 2023 $ 1,500 Revaluation at September 30, 2023 (688 ) Effect of changes in foreign exchange rates (21 ) Balance at September 30, 2023 $ 791 Revaluation at December 31, 2023 (242 ) Effect of changes in foreign exchange rates 13 Balance at December 31, 2023 $ 562
November 2022 Warrants [Member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS	Level 3 for the year ended on December 31, 2023: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2022 $ - Issuance of November 2022 Warrants 894 Revaluation at December 31,2022 248 Balance at December 31, 2022 $ 1,142 Revaluation at March 31, 2023 $ (405 ) Balance at March 31, 2023 $ 737 Warrant exercises (note 19(l)) $ (66 ) Revaluation at June 30, 2023 1,745 Balance at June 30, 2023 $ 2,416 Warrant exercises (note 19(l)) (39 ) Revaluation at September 30, 2023 (1,175 ) Effect of changes in foreign exchange rates (25 ) Balance at September 30, 2023 $ 1,177 Revaluation at December 31, 2023 (359 ) Effect of changes in foreign exchange rates 18 Balance at December 31, 2023 $ 836 For the year ended December 31, 2023, the Company recorded a gain on the revaluation of the November 2022 warrant liability in the amount of $ 193 (for the year ended December 31, 2022 – a loss in the amount of $ 248 ). A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data)

WARRANTS AND OPTIONS (Tables)

WARRANTS AND OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Warrants And Options
SCHEDULE OF WARRANTS TRANSACTIONS	SCHEDULE OF WARRANTS TRANSACTIONS (i) Warrant transactions for the years ended December 31, 2023, and 2022 are as follows: Number Weighted Average Exercise Price Balance, January 1, 2022 5,966,204 $ 3.55 Expiration of warrants (5,437 ) Exercise of warrants (630,161 ) Warrants issued in the November 2022 Private Placement 1,726,366 Balance, December 31, 2022 7,056,972 $ 3.54 Warrants issued in the March 2023 Private Placement 1,034,463 Exercise of warrants (92,000 ) Warrants issued in the June 2023 Direct Offering 2,214,596 Warrants issued in the December 2023 Direct Offering 751,554 Balance, December 31, 2023 10,965,585 $ 2.63
SCHEDULE OF OUTSTANDING WARRANTS	SCHEDULE OF OUTSTANDING WARRANTS December 31, 2023 Expiry date Exercise price Exercise price (USD) 2,658,313 November 10, 2025 ILS 7.1418 $ 1.97 1,366,631 December 24, 2025 ILS 7.1418 $ 1.97 221,100 April 18, 2026 ILS 29.025 $ 8.00 1,084,562 May 28, 2026 ILS 29.025 $ 8.00 1,634,366 November 8, 2024 CAD 2.04 $ 1.60 1,034,463 March 13, 2025 CAD 2.35 $ 1.75 2,214,596 June 12, 2025 CAD 2.93 $ 2.20 751,554 December 13, 2025 CAD 2.05 $ 1.50 10,965,585
SCHEDULE OF STOCK OPTION TRANSACTIONS	Stock option transactions for the years ended December 31, 2023, and 2022 are as follows: SCHEDULE OF STOCK OPTION TRANSACTIONS Number Weighted Average Exercise Price (CAD) Weighted Average Exercise Price (USD) Balance January 1, 2022 820,010 $ 2.10 $ 1.78 Exercise of options (116,667 ) 2.27 Expiry of options (20,000 ) 1.5 Options granted 1,200,000 3.67 Balance December 31, 2022 1,883,343 $ 3.17 $ 2.32 Exercise of options - Expiry of options (74,875 ) 1.25 Options granted 1,735,250 1.82 Balance December 31, 2023 3,543,718 $ 2.53 $ 1.91 (i) On August 4, 2022, 900,000 3.56 August 2, 2032 2,712 4.12 10 112 2.67 0 (ii) On August 21, 2022, 300,000 4.00 August 2, 2032 977 4.00 10 112 2.99 0 (iii) On January 4, 2023, 816,500 1.65 January 4, 2033 1,017 1.80 10 112 3.28 0 (iv) On February 8, 2023, 100,000 2.01 November 25, 2027 135 2.18 4.8 112 3.16 0 A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 21 – WARRANTS AND OPTIONS (CONTINUED): b) Stock Options (continued) (v) On April 18, 2023, 423,750 1.60 April 18, 2033 420 1.42 10 111 3.57 0 (vi) On June 28, 2023, 245,000 2.45 June 28, 2028 443 2.92 5 111 4.14 0 (vii) On September 20, 2023, 150,000 2.20 September 20, 2033 231 2.20 10 112 4.35 0
SCHEDULE OF OUTSTANDING STOCK OPTIONS	SCHEDULE OF OUTSTANDING STOCK OPTIONS Outstanding as Exercisable as Expiry date Exercise price (CAD) Exercise price (USD) 543,333 543,333 August 20, 2025 CAD 1.50 $ 1.13 33,333 33,333 January 28, 2025 CAD 3.00 $ 2.27 50,000 33,333 June 3, 2026 CAD 8.40 $ 6.34 16,677 16,677 October 28, 2026 CAD 8.00 $ 6.04 900,000 450,000 August 2, 2032 CAD 3.56 $ 2.69 300,000 300,000 August 21, 2032 CAD 4.00 $ 3.02 804,125 804,125 January 4, 2033 CAD 1.65 $ 1.25 100,000 100,000 November 25, 2027 CAD 2.01 $ 1.52 401,250 - April 18, 2033 CAD 1.60 $ 1.21 245,000 - June 28, 2028 CAD 2.45 $ 1.85 150,000 50,000 September 20, 2033 CAD 2.20 $ 1.66 3,543,718 2,330,801 (ix) Share-based compensation expense is recognized over the vesting period of options. During the year ended December 31, 2023, share-based compensation of $ 4,245 4,868 843
SCHEDULE OF RSU’S TRANSACTIONS	RSU’s transactions for the year ended December 31, 2023, and for the year ended December 31, 2022, are as follows: SCHEDULE OF RSU’S TRANSACTIONS Number Balance, January 1, 2022 - RSU’s granted 1,265,000 Exercise of RSU’s (545,000 Balance, December 31, 2022 720,000 RSU’s granted 1,308,250 Expiry of RSU’s (91,667 ) Exercise of RSU’s (464,499 ) Balance, December 31, 2023 1,472,084

NON-CONTROLLING INTERESTS (Tabl

NON-CONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF SUBSIDIARIES OF NON-CONTROLLING INTERESTS	The following Company subsidiaries which have non-controlling interests: SCHEDULE OF SUBSIDIARIES OF NON-CONTROLLING INTERESTS December 31, December 31, 2023 2022 Cust2mate $ (5,167 ) $ (2,791 ) AAI 369 394 Non controlling interest $ (4,798 ) $ (2,397 )

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF REVENUE FROM SERVICES	SCHEDULE OF REVENUE FROM SERVICES Year Ended December 31 2023 2022 2021 Revenues from services: Revenues from services $ 1,730 $ 1,364 $ 1,548 Revenues from leasing 433 341 387 Precision metal parts: Revenues from sales of precision metal parts 3,084 3,958 - Smart Carts: Revenues from smart carts project 6,128 3,688 750 Revenues 11,375 9,351 2,685

COST OF REVENUES (Tables)

COST OF REVENUES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF COST OF REVENUES	SCHEDULE OF COST OF REVENUES 2023 2022 2021 Year Ended December 31 2023 2022 2021 Payroll and related expenses $ 2,274 $ 2,383 $ 1,096 Subcontractor and outsourced work 224 103 162 Materials and components consumed 5,854 4,650 291 Depreciation 118 131 - Motor vehicle fleet costs 226 165 373 Smart cart maintenance 429 - - Other 257 85 107 Cost of revenues $ 9,382 $ 7,517 $ 2,029

RESEARCH AND DEVELOPMENT EXPE_2

RESEARCH AND DEVELOPMENT EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF RESEARCH AND DEVELOPMENT EXPENSES	SCHEDULE OF RESEARCH AND DEVELOPMENT EXPENSES 2023 2022 2021 Year Ended December 31 2023 2022 2021 Payroll and related expenses $ 1,758 $ 867 $ 510 Subcontractor and outsourced work 2,331 3,362 2,477 Share-based compensation 532 - - Legal fees - 20 99 Pilot expenses and other 130 212 136 Research and development expense $ 4,751 $ 4,462 $ 3,222

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES	SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES 2023 2022 2021 Year Ended December 31 2023 2022 2021 Payroll and related $ 4,007 $ 3,990 $ 1,027 Professional fees 2,370 2,233 3,417 Share-based compensation 4,531 4,868 842 Depreciation and amortization 591 420 321 Office maintenance 369 437 275 Rent and related expenses 360 126 96 Travel 156 150 - Public company related expenses 824 316 254 Directors & officers’ insurance 253 267 119 Doubtful debts - 382 - Other 472 410 143 General and administrative expenses 13,933 13,599 6,494

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF LOSS PER SHARE	SCHEDULE OF LOSS PER SHARE 2023 2022 2021 Year Ended December 31 2023 2022 2021 Net loss for the year attributable to A2Z’s shareholders $ 16,061 $ 16,557 $ 39,163 Weighted average number of ordinary shares 34,748,029 27,681,778 23,340,621 Basic and diluted loss per share $ 0.46 $ 0.60 $ 1.68 (*) The company restated its presentation of basic and diluted loss per share for the year ended December 31, 2022 due to an immaterial error from (0.7) basic and diluted loss per share to (0.60) basic and diluted loss per share.

FINANCIAL EXPENSES, NET (Tables

FINANCIAL EXPENSES, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Financial Expenses Net
SCHEDULE OF FINANCIAL EXPENSES	SCHEDULE OF FINANCIAL EXPENSES 2023 2022 2021 Year Ended December 31 2023 2022 2021 Bank fees and interest $ 170 $ 136 $ 77 Interest expenses from lease liabilities 62 97 14 Exchange rate differences, net 70 - - Revaluation of provision (85 ) 1,158 - Financial expenses $ 217 $ 1,391 $ 91

INCOME TAX EXPENSE (Tables)

INCOME TAX EXPENSE (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF EFFECTIVE INCOME TAX EXPENSE	SCHEDULE OF EFFECTIVE INCOME TAX EXPENSE 2023 2022 2021 Year Ended December 31 2023 2022 2021 Loss before income tax $ (18,057 ) $ (18,347 ) $ (40,148 ) Statutory tax rate 23 % 23 % 23 % Income tax benefit at the statutory tax rate 4,153 4,220 9,234 Expenses not recognized for tax purposes (4,153 ) (4,220 ) (9,234 ) Recognition/Derecognition of deferred tax assets which were not recognized on prior periods - - (142 ) Income tax expense $ - $ - $ (142 )
SCHEDULE OF INCOME TAX EXPENSE	SCHEDULE OF INCOME TAX EXPENSE 2023 2022 2021 Year Ended December 31 2023 2022 2021 Current $ - $ - $ - Prior year taxes - - 142 Deferred taxes, net - - - Total $ - - $ 142

RELATED PARTIES AND SHAREHOLD_2

RELATED PARTIES AND SHAREHOLDERS (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF AMOUNT OWING BY RELATED PARTIES	The following transactions arose with related parties: SCHEDULE OF AMOUNT OWING BY RELATED PARTIES Year ended December 31, 2023 Directors Fees Consulting Fees / Salaries Share based awards Total Amounts owing by (to) as of December 31, 2023 CEO and company controlled by CEO $ - $ 1,235 $ - $ 1,235 $ (103 ) CFO - 96 - 96 (9 ) Directors 32 325 263 620 (30 ) $ 32 $ 1,656 $ 263 $ 1,951 $ (142 ) Year ended December 31, 2022 Directors Fees Consulting Fees / Salaries Share based awards Total Amounts owing by (to) as of December 31, 2022 CEO and company controlled by CEO $ - $ 1,224 $ - $ 1,224 $ (12 ) CFO - 84 160 244 - Directors 28 - 64 92 - $ 28 $ 1,308 $ 224 $ 1,560 $ (12 ) Year ended December 31, 2021 Directors Fees Consulting Fees / Salaries Share based awards Total Amounts owing by (to) as of December 31, 2021 CEO and company controlled by CEO $ - $ 1,001 $ - $ 1,001 $ 126 CFO - 94 59 153 - Directors 31 - 11 42 - $ 31 $ 1,095 $ 70 $ 1,196 $ 126

FINANCIAL INSTRUMENTS AND RIS_2

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF FINANCIAL ASSET WITH CASH AND TRADE ACCOUNTS RECEIVABLE	SCHEDULE OF FINANCIAL ASSET WITH CASH AND TRADE ACCOUNTS RECEIVABLE December 31, December 31, 2023 2022 Cash and Cash Equivalents $ 2,267 $ 2,616 Deposits 77 8 Trade receivables 1,477 1,373 Other Accounts Receivable 660 2,570 Total $ 4,481 $ 6,567
SCHEDULE OF LIQUIDITY RISKS	SCHEDULE OF LIQUIDITY RISKS Contractual Carrying amounts Within 1 year over 1 year Trade payables $ 1,742 $ 1,742 $ - Other accounts payable $ 2,534 $ 2,534 $ - Loans $ 1,394 $ 1,166 $ 228 Lease liability $ 600 $ 190 $ 410

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF OPERATING SEGMENTS	SCHEDULE OF OPERATING SEGMENTS Year Ended December 31, 2023 Precision Metal Parts Advanced Engineering Smart Carts (*) Total (**) Revenues External $ 3,084 $ 2,619 $ 6,128 $ 11,831 Inter-segment - (456 ) - (456 ) Total 3,084 2,163 6,128 11,375 Segment operational loss (gain) 1,389 317 16,362 18,068 Gain on revaluation of warrant liability (1,255 ) Loss on impairment of goodwill 1,027 Finance expense, net 217 Tax expenses - Loss $ 18,057 (*) All revenues from the smart cart segment are generated from one customer, which is the main customer of the Company, and accounts for 51.5 10 (**) All revenues are generated in the state of Israel. (**) All non-current assets are located in the state of Israel. Year Ended December 31, 2022 Precision Metal Parts Advanced Engineering Smart Carts (*) Total (**) Revenues External $ 3,958 $ 1,705 $ 3,688 $ 9,351 Total 3,958 1,705 3,688 9,351 Segment operational loss (gain) 761 (60 ) 16,001 16,702 Loss on revaluation of warrant liability 254 Finance expense, net 1,391 Tax expenses - Loss $ 18,347 (*) All revenues from the smart cart segment are generated from one customer, which is the main customer of the Company, and accounts for 39.4 10 (**) All revenues are generated in the state of Israel. (**) All non-current assets are located in the state of Israel. Year Ended December 31, 2021 Precision Metal Parts Advanced Engineering Smart Carts (*) Total (**) Revenues External $ - $ 1,935 $ 750 $ 2,685 Total - 1,935 750 2,685 Segment operational loss - 1,034 8,128 9,162 Loss on revaluation of warrant liability 30,895 Finance expense, net 91 Tax expenses 142 Loss $ 40,290 (*) All revenues from the smart cart segment are generated from one customer, which is the main customer of the Company, and accounts for 27.9 10 (**) All revenues are generated in the state of Israel. (**) All non-current assets are located in the state of Israel. A2Z SMART TECHNOLOGIES CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Thousands of US Dollars, except per share data) NOTE 32 – OPERATING SEGMENTS (CONTINUED): As at December 31, 2023 Precision Metal Parts Advanced Engineering Smart Carts Adjustment & Elimination Total Segment assets $ 2,316 $ 1,249 $ 4,954 $ - $ 8,519 Segment liabilities $ 3,507 $ 832 $ 6,489 $ - $ 10,828 As at December 31, 2022 Precision Metal Parts Advanced Engineering Smart Carts Adjustment & Elimination Total Segment assets $ 2,741 $ 1,162 $ 8,791 $ - $ 12,694 Segment liabilities $ 3,575 $ 1,043 $ 5,187 $ - $ 9,805

DESCRIPTION OF BUSINESS (Detail

DESCRIPTION OF BUSINESS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Accumulated losses	$ 83,456	$ 67,395
Net loss	$ 18,057
Advanced automotive innovations inc. [member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in subsidiary	80%
Cust2Mate Ltd [member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in associate	76.78%

AGING SCHEDULE BASED ON DUE DAT

AGING SCHEDULE BASED ON DUE DATE (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Total	$ 1,477	$ 1,373
Current [member]
IfrsStatementLineItems [Line Items]
Total	$ 1,477	$ 1,373

SCHEDULE OF THREE-LEVEL MATRIX

SCHEDULE OF THREE-LEVEL MATRIX (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Total	$ 1,477	$ 1,373
Government Institutions [Member]
IfrsStatementLineItems [Line Items]
Total	483	279
Institutions Customers [Member]
IfrsStatementLineItems [Line Items]
Total	994	1,052
Other Customers [Member]
IfrsStatementLineItems [Line Items]
Total		$ 42

SCHEDULE OF ESTIMATED USEFUL LI

SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS (Details)	12 Months Ended
	Dec. 31, 2023
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	3 years
Machines and manufacturing equipment [member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	10 years
Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	7 years
Vehicles [member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	6 years 8 months 1 day
ERP system and R&D expenses [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	3 years
ERP system and R&D expenses [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	6 years
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	10 years

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Raw materials	$ 36	$ 38
Smart cart parts	214	337
Inventories	$ 250	$ 375

SCHEDULE OF TRADE RECEIVABLES (

SCHEDULE OF TRADE RECEIVABLES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Customers	$ 1,491	$ 1,383
Expected credit losses	(14)	(10)
Trade Receivables, net	$ 1,477	$ 1,373

SUMMARY OF FAIR VALUE OF COMMIT

SUMMARY OF FAIR VALUE OF COMMITMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Balance at December 31, 2022	$ 1,447
Acquisition date February 3, 2022		343
Revaluation	(85)	1,190
Effect of changes in foreign exchange rates		(86)
Balance at December 31,2023	$ 1,362	$ 1,447

SCHEDULE OF OTHER ACCOUNTS RECE

SCHEDULE OF OTHER ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Advances to suppliers		$ 918
Prepaid expenses	323	751
Government institutions	253	151
Other	84	750
Other accounts receivable	$ 660	$ 2,570

SUMMARY OF INTANGIBLE ASSETS PA

SUMMARY OF INTANGIBLE ASSETS PATENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Intangible assets - patent, net, Beginning balance	$ 2,207	$ 2,091
Additions		311
Depreciation	(366)	(200)
Effect of changes in foreign exchange rates	9	5
Intangible assets - patent, net, Ending balance	$ 1,850	$ 2,207

ACQUISITION (Details Narrative)

ACQUISITION (Details Narrative) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Feb. 03, 2022 USD ($) $ / shares shares	Feb. 03, 2022 ILS (₪) shares
IfrsStatementLineItems [Line Items]
Finance costs	$ 302	$ 1,391	$ 91
Isramat Ltd [member]
IfrsStatementLineItems [Line Items]
Cash transferred				$ 879	₪ 2,800,000
Number of shares issued | shares				273,774	273,774
Par value per share | $ / shares				$ 7.6311
Provision for commitment to shareholders	1,362			$ 343
Contingent liabilities recognised as of acquisition date		1,447
Finance costs	85	$ 1,104
Goodwill recognised as of acquisition date	$ 1,027			$ 1,188

SCHEDULE OF FINANCIAL ASSETS TH

SCHEDULE OF FINANCIAL ASSETS THAT ARE MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Financial assets at fair value through profit or loss	$ 77
Total assets	77
Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Financial assets at fair value through profit or loss
Total assets
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Financial assets at fair value through profit or loss
Total assets
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Financial assets at fair value through profit or loss	77
Total assets	$ 77

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
As of January 1, 2022	$ 2,357	$ 1,072
Balance	1,861	2,357
Computer equipment [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	126	152
Balance	136	126
Machines and manufacturing equipment [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	598
Balance	474	598
Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	70	59
Balance	75	70
Vehicles [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	501	600
Balance	456	501
ERP system and R&D expenses [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	214
Balance	153	214
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	27
Balance	35	27
Right-of-use assets [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	821	261
Balance	532	821
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	5,643	2,030
Additions	218	784
Disposals	(70)	(380)
Additions from newly acquired subsidiary		3,681
Translation adjustments	(203)	(472)
Balance	5,588	5,643
Gross carrying amount [member] | Computer equipment [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	416	440
Additions	61	29
Disposals
Additions from newly acquired subsidiary
Translation adjustments	(15)	(53)
Balance	462	416
Gross carrying amount [member] | Machines and manufacturing equipment [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	2,208
Additions	4	174
Disposals
Additions from newly acquired subsidiary		2,242
Translation adjustments	(60)	(208)
Balance	2,152	2,208
Gross carrying amount [member] | Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	359	201
Additions	10	28
Disposals
Additions from newly acquired subsidiary		178
Translation adjustments	(7)	(48)
Balance	362	359
Gross carrying amount [member] | Vehicles [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	858	968
Additions	130	316
Disposals	(70)	(380)
Additions from newly acquired subsidiary		34
Translation adjustments	(50)	(80)
Balance	868	858
Gross carrying amount [member] | ERP system and R&D expenses [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	219
Additions		223
Disposals
Additions from newly acquired subsidiary
Translation adjustments	(13)	(4)
Balance	206	219
Gross carrying amount [member] | Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	403	59
Additions	13	14
Disposals
Additions from newly acquired subsidiary		367
Translation adjustments	(22)	(37)
Balance	394	403
Gross carrying amount [member] | Right-of-use assets [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	1,180	362
Additions
Disposals
Additions from newly acquired subsidiary		859
Translation adjustments	(36)	(42)
Balance	1,144	1,180
Accumulated depreciation amortisation [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	3,287	958
Additions	565	372
Disposals	(26)	(58)
Additions from newly acquired subsidiary		2,335
Translation adjustments	(99)	(319)
Balance	3,727	3,287
Accumulated depreciation amortisation [member] | Computer equipment [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	290	288
Additions	48	37
Disposals
Additions from newly acquired subsidiary
Translation adjustments	(12)	(35)
Balance	326	290
Accumulated depreciation amortisation [member] | Machines and manufacturing equipment [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	1,610
Additions	96	116
Disposals
Additions from newly acquired subsidiary		1,657
Translation adjustments	(28)	(163)
Balance	1,678	1,610
Accumulated depreciation amortisation [member] | Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	289	142
Additions	13	16
Disposals
Additions from newly acquired subsidiary		158
Translation adjustments	(15)	(27)
Balance	287	289
Accumulated depreciation amortisation [member] | Vehicles [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	357	368
Additions	91	88
Disposals	(26)	(58)
Additions from newly acquired subsidiary		6
Translation adjustments	(10)	(47)
Balance	412	357
Accumulated depreciation amortisation [member] | ERP system and R&D expenses [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	5
Additions	55	5
Disposals
Additions from newly acquired subsidiary
Translation adjustments	(7)
Balance	53	5
Accumulated depreciation amortisation [member] | Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	376	59
Additions	4	3
Disposals
Additions from newly acquired subsidiary		350
Translation adjustments	(21)	(36)
Balance	359	376
Accumulated depreciation amortisation [member] | Right-of-use assets [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2022	360	101
Additions	258	107
Disposals
Additions from newly acquired subsidiary		164
Translation adjustments	(6)	(12)
Balance	$ 612	$ 360

LONG TERM FINANCIAL ASSET AT _2

LONG TERM FINANCIAL ASSET AT FAIR VALUE (Details Narrative) - Sep. 30, 2023 - Shelfie tech ltd [member]	USD ($) $ / shares shares	₪ / shares
IfrsStatementLineItems [Line Items]
Other current financial assets	$ 158
Number of shares issued | shares	944,217
Par value per share | (per share)	$ 0.167	₪ 0.001
Investments in subsidiaries, joint ventures and associates reported in separate financial statements	$ 77

SCHEDULE OF SHORT TERM LOANS AN

SCHEDULE OF SHORT TERM LOANS AND CURRENT PORTION OF LONG-TERM LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Short term loans	$ 1,166	$ 1,403
Short-term borrowings [member]
IfrsStatementLineItems [Line Items]
Short term loans	1,064	1,114
Current portion of long-term loans	102	289
Short term loans and current portion of long-term loans	$ 1,166	$ 1,403
Short-term borrowings [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Borrowings, interest rate	3.20%
Short-term borrowings [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Borrowings, interest rate	7.50%

SCHEDULE OF CARRYING AMOUNTS OF

SCHEDULE OF CARRYING AMOUNTS OF LEASE LIABILITIES RECOGNIZED AND MOVEMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Lease liabilities, Beginning balance	$ 886
Lease liabilities, Ending balance	600	$ 886
Long Term leases	600	886
Current portion of long-term leases	190	281
Non-current portion of long-term leases	410	605
Industrial areas and office facilities [member]
IfrsStatementLineItems [Line Items]
Lease liabilities, Beginning balance	886	277
Additions		859
Disposal	(277)	(335)
Accumulated interest	68	107
Exchange rate differences	(77)	(22)
Lease liabilities, Ending balance	600	886
Long Term leases	$ 600	$ 886

SCHEDULE OF OTHER ACCOUNTS PAYA

SCHEDULE OF OTHER ACCOUNTS PAYABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Employees and government authorities	$ 1,005	$ 681
Receipts on account of shares	1,119
Accrued expenses	150	93
Related parties (note 30)	103
Other	157	182
Other accounts payable	$ 2,534	$ 956

SCHEDULE OF LONG TERM LOANS (De

SCHEDULE OF LONG TERM LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Long term loans	$ 1,394
Less- Current portion	(1,166)	$ (1,403)
Non Current Long term loans	228	341
Long-term borrowings [member]
IfrsStatementLineItems [Line Items]
Long term loans	330	630
Less- Current portion	(102)	(289)
Non Current Long term loans	$ 228	$ 341
Long-term borrowings [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Interest rate	1.80%
Long-term borrowings [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Interest rate	6.10%

DEFERRED REVENUES (Details Narr

DEFERRED REVENUES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Other revenue		$ 1,373

LONG TERM LOANS (Details Narrat

LONG TERM LOANS (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Non-current portion of non-current borrowings	$ 228	$ 341
Long-term borrowings [member]
IfrsStatementLineItems [Line Items]
Current portion of non-current borrowings	102
Non-current portion of non-current borrowings	$ 228	$ 341
Long-term borrowings [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Interest rate	1.80%
Long-term borrowings [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Interest rate	6.10%

SCHEDULE OF PLAN DEFINED BENEFI

SCHEDULE OF PLAN DEFINED BENEFIT OBLIGATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Severance Payment Net
Present value of defined benefit obligation	$ 458	$ 394
Fair value of plan assets	(337)	(361)	$ (374)
Total	121	33
Balance at beginning of year	361	541
Interest cost	10	9
Current service cost	32	30
Currency translation	(10)	(111)
Recognized in other comprehensive gain :	(1)	(10)
Net actuarial gain	(55)	(98)
Balance at end of year	$ 337	$ 361

SCHEDULE OF FAIR VALUE OF PLAN

SCHEDULE OF FAIR VALUE OF PLAN ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Severance Payment Net
Balance at beginning of year	$ (361)	$ (374)
Expected return	23	24
Net actuarial loss (gain)
Contributions by employer	1	(11)
Balance at end of year	$ (337)	$ (361)

SCHEDULE OF ASSUMPTIONS UNDERLY

SCHEDULE OF ASSUMPTIONS UNDERLYING DEFINED BENEFIT PLAN (Details)	Dec. 31, 2023	Dec. 31, 2022
Severance Payment Net
Discount rate of the plan liability	2.95%	2.75%
Expected rate of return on plan assets	2.84%	2.64%
Future salary increases	0.0397	0.0382

SCHEDULE OF FAIR VALUE HIERARCH

SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended	12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Effect of changes in foreign exchange rates							$ (86)
Reclassification to Warrant Reserve						$ (102)	(1,379)	$ (3,386)
December 2023 registered direct offerings [member]
IfrsStatementLineItems [Line Items]
Balance, warrants
Issuance, registered direct offerings warrants						402
Revaluation, warrants						110
Effect of changes in foreign exchange rates						8
Balance, warrants	$ 520					520
June 2023 Registered Direct Offerings [Member]
IfrsStatementLineItems [Line Items]
Balance, warrants	1,629	$ 2,333
Revaluation, warrants	(499)	(671)				1,170
Effect of changes in foreign exchange rates	27	(33)
Balance, warrants	1,157	1,629	$ 2,333		2,333	1,157
Issuance, warrants					2,333
March 2023 private placements [member]
IfrsStatementLineItems [Line Items]
Balance, warrants	791	1,500	496
Revaluation, warrants	(242)	(688)	1,004			74
Effect of changes in foreign exchange rates	13	(21)
Balance, warrants	562	791	1,500	496	1,500	562
Issuance, warrants				496
November 2022 Warrants [member]
IfrsStatementLineItems [Line Items]
Balance, warrants	1,177	2,416	737	1,142	1,142	1,142
Revaluation, warrants	(359)	(1,175)	1,745	(405)		193	248
Effect of changes in foreign exchange rates	18	(25)
Balance, warrants	$ 836	1,177	2,416	$ 737	$ 2,416	$ 836	1,142
Issuance, warrants							$ 894
Reclassification to Warrant Reserve		$ (39)	$ (66)

WARRANT LIABILITY (Details Narr

WARRANT LIABILITY (Details Narrative) $ in Thousands					3 Months Ended				12 Months Ended
	Dec. 13, 2023 $ / shares shares	Jun. 20, 2023 $ / shares shares	Mar. 20, 2023 $ / shares shares	Nov. 02, 2022 $ / shares shares	Dec. 31, 2023 USD ($) shares	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 shares
IfrsStatementLineItems [Line Items]
Number of warrants issued | shares					10,965,585				10,965,585	7,056,972	5,966,204
December 2023 registered direct offerings [member]
IfrsStatementLineItems [Line Items]
Number of warrants issued | shares	647,891
Exercise price of warrant	$ 2.05
Warrants exercisable term	2 years
Expected volatility	1.07
Risk-free interest	0.0419
Expected life	2 years
Share price	$ 1.62
Gain on revaluation | $									$ 110
June 2023 Registered Direct Offerings [Member]
IfrsStatementLineItems [Line Items]
Number of warrants issued | shares		1,909,134
Exercise price of warrant		$ 2.93
Warrants exercisable term		2 years
Expected volatility		0.99
Risk-free interest		0.0445
Expected life		2 years
Share price		$ 2.99
Gain on revaluation | $					$ (499)	$ (671)			1,170
March 2023 private placements [member]
IfrsStatementLineItems [Line Items]
Number of warrants issued | shares			891,778
Exercise price of warrant			$ 2.35
Warrants exercisable term			2 years
Expected volatility			0.93
Risk-free interest			0.0362
Expected life			2 years
Share price			$ 1.74
Gain on revaluation | $					(242)	(688)	$ 1,004		74
November 2022 Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants issued | shares				1,489,166
Exercise price of warrant				$ 2.35
Warrants exercisable term				2 years
Expected volatility				1.10
Risk-free interest				0.0394
Expected life				2 years
Share price				$ 1.56
Gain on revaluation | $					$ (359)	$ (1,175)	$ 1,745	$ (405)	$ 193	$ 248

SHAREHOLDERS_ EQUITY (DEFICIT)

SHAREHOLDERS’ EQUITY (DEFICIT) (Details Narrative) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Thousands												12 Months Ended
	Dec. 13, 2023 USD ($) $ / shares shares	Dec. 13, 2023 CAD ($)	Jun. 20, 2023 USD ($) $ / shares shares	Jun. 20, 2023 CAD ($)	Mar. 20, 2023 USD ($) $ / shares shares	Mar. 20, 2023 CAD ($)	Nov. 02, 2022 USD ($) $ / shares shares	Nov. 02, 2022 CAD ($)	Feb. 03, 2022 shares	Jun. 04, 2021 USD ($) shares	Jun. 04, 2021 CAD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 shares	Dec. 13, 2023 $ / shares shares	Jun. 20, 2023 $ / shares shares	Mar. 20, 2023 $ / shares shares	Nov. 02, 2022 $ / shares	Feb. 11, 2022 shares	Jun. 04, 2021 $ / shares
IfrsStatementLineItems [Line Items]
Additional paid-in capital | $												$ 55,485	$ 43,452
Number of shares issued												3,543,718	1,883,343	820,010
Number of options exercised													116,667
Warrants issued												10,965,585	7,056,972	5,966,204
RSU's [member]
IfrsStatementLineItems [Line Items]
Number of shares issued RSU												464,499	545,000
Two private placements [member]
IfrsStatementLineItems [Line Items]
Number of units issued										1,305,662
Price of unit issued | $ / shares																				$ 8.16
Gross proceeds for units										$ 8,590	$ 10,650
Additional common share price | $ / shares																				$ 11.04
Finders fees										466	$ 578
Warrants granted | $										4,786
Additional paid-in capital | $										$ 3,338
Two private placements [member] | April 14 2023 [member]
IfrsStatementLineItems [Line Items]
Warrans issued										221,100	221,100
Two private placements [member] | May 28, 2023 [member]
IfrsStatementLineItems [Line Items]
Warrans issued										1,084,562	1,084,562
December 2021 private placements [member]
IfrsStatementLineItems [Line Items]
Number of shares issued														286,223
Number of options exercised														286,223
December 2022 private placements [member]
IfrsStatementLineItems [Line Items]
Number of shares issued													116,667
Number of options exercised													116,667
Shares issued													630,161
Number of warrants exercised													630,161
December 2022 private placements [member] | RSU's [member]
IfrsStatementLineItems [Line Items]
Number of shares issued													545,000
Number of shares issued RSU													545,000
February Two Thousand Twenty Two Private Placements [Member]
IfrsStatementLineItems [Line Items]
Shares issued																			74,985
Issuance of shares of isramat									273,774
November 2022 Warrants [member]
IfrsStatementLineItems [Line Items]
Number of units issued							2,978,337
Price of unit issued | (per share)							$ 1.35											$ 1.86
Gross proceeds for units | $							$ 4,021					$ 140
Finders fees							260	$ 349,000
Warrants granted | $							894
Additional paid-in capital | $							$ 3,127
Shares issued							1,489,169
Warrants issued							237,200
Exercise price | (per share)							$ 1.5											$ 2.04
December 2020 private placement [member]
IfrsStatementLineItems [Line Items]
Shares issued												92,000
Number of warrants exercised												92,000
Warrants issued	647,891		1,909,134		891,778		1,489,169								647,891	1,909,134	891,778
December 2020 private placement [member] | RSU's [member]
IfrsStatementLineItems [Line Items]
Number of shares issued												464,499
Number of shares issued RSU												464,499
March Two Thousand Twenty Two Private Placements [Member]
IfrsStatementLineItems [Line Items]
Number of units issued					1,783,561												1,783,561
Price of unit issued | (per share)					$ 1.46												$ 1.95
Gross proceeds for units | $					$ 2,604
Finders fees					$ 208	$ 290
Shares issued					891,778												891,778
Warrants issued					142,685												142,685
Exercise price | (per share)					$ 1.75												$ 2.35
June Two Thousand Twenty Three Private Placements [Member]
IfrsStatementLineItems [Line Items]
Number of units issued			3,818,275													3,818,275
Price of unit issued | (per share)			$ 1.15													$ 1.56
Gross proceeds for units | $			$ 6,873
Finders fees			$ 550	$ 733
Shares issued			1,909,134													1,909,134
Warrants issued			305,462													305,462
Exercise price | (per share)			$ 2.20													$ 2.93
December Two Thousand Twenty Three Private Placements [Member]
IfrsStatementLineItems [Line Items]
Number of units issued	1,295,783														1,295,783
Price of unit issued | (per share)	$ 1.15														$ 1.36
Gross proceeds for units | $	$ 1,490
Finders fees	$ 119	$ 162
Shares issued	647,891														647,891
Warrants issued	103,663														103,663
Exercise price | (per share)	$ 1.50														$ 2.05

SCHEDULE OF WARRANTS TRANSACTIO

SCHEDULE OF WARRANTS TRANSACTIONS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Number of warrants outstanding, beginning balance	7,056,972	5,966,204
Weighted Average Exercise Price, Beginning Balance	$ 3.54	$ 3.55
Number of warrants outstanding, Expired of warrants		(5,437)
Number of warrants outstanding, Exercise of warrants	(92,000)	(630,161)
Number of warrants outstanding, ending balance	10,965,585	7,056,972
Weighted Average Exercise Price, Ending Balance	$ 2.63	$ 3.54
November 2022 Private Placement [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding, warrants issued		1,726,366
March Two Thousand Twenty Two Private Placement [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding, warrants issued	1,034,463
June Two Thousand Twenty Three Direct Offering [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding, warrants issued	2,214,596
December Two Thousand Twenty Three Direct Offering [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding, warrants issued	751,554

SCHEDULE OF OUTSTANDING WARRANT

SCHEDULE OF OUTSTANDING WARRANTS (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2023 ₪ / shares shares
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	10,965,585	10,965,585	10,965,585
Warrants one [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	2,658,313	2,658,313	2,658,313
Expiry date	Nov. 10, 2025
Exercise price | (per share)	$ 1.97		₪ 7.1418
Warrants two [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	1,366,631	1,366,631	1,366,631
Expiry date	Dec. 24, 2025
Exercise price | (per share)	$ 1.97		₪ 7.1418
Warrants three [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	221,100	221,100	221,100
Expiry date	Apr. 18, 2026
Exercise price | (per share)	$ 8		₪ 29.025
Warrants four [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	1,084,562	1,084,562	1,084,562
Expiry date	May 28, 2026
Exercise price | (per share)	$ 8		₪ 29.025
Warrants five [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	1,634,366	1,634,366	1,634,366
Expiry date	Nov. 08, 2024
Exercise price | (per share)	$ 1.60	$ 2.04
Warrants Six [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	1,034,463	1,034,463	1,034,463
Expiry date	Mar. 13, 2025
Exercise price | (per share)	$ 1.75	$ 2.35
Warrants Seven [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	2,214,596	2,214,596	2,214,596
Expiry date	Jun. 12, 2025
Exercise price | (per share)	$ 2.20	$ 2.93
Warrants Eight [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	751,554	751,554	751,554
Expiry date	Dec. 13, 2025
Exercise price | (per share)	$ 1.50	$ 2.05

SCHEDULE OF STOCK OPTION TRANSA

SCHEDULE OF STOCK OPTION TRANSACTIONS (Details)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares	Dec. 31, 2022 shares $ / shares
Warrants And Options
Number of stock options, beginning balance	1,883,343	1,883,343	820,010	820,010
Weighted Average Exercise Price, beginning balance | (per share)	$ 2.32	$ 3.17	$ 1.78	$ 2.10
Number of stock options, Exercise of options			(116,667)	(116,667)
Weighted Average Exercise Price, Exercise of options | $ / shares				$ 2.27
Number of stock options, Expiry of options	(74,875)	(74,875)	(20,000)	(20,000)
Weighted Average Exercise Price, Expiry of options | $ / shares		$ 1.25		$ 1.5
Number of stock options, options granted	1,735,250	1,735,250	1,200,000	1,200,000
Weighted Average Exercise Price, options granted | $ / shares		$ 1.82		$ 3.67
Number of stock options, ending balance	3,543,718	3,543,718	1,883,343	1,883,343
Weighted Average Exercise Price, ending balance | (per share)	$ 1.91	$ 2.53	$ 2.32	$ 3.17

SCHEDULE OF STOCK OPTION TRAN_2

SCHEDULE OF STOCK OPTION TRANSACTIONS (Details) (Parenthetical) $ / shares in Units, $ in Thousands								12 Months Ended
	Sep. 20, 2023 CAD ($) shares $ / shares	Jun. 28, 2023 shares $ / shares	Apr. 18, 2023 CAD ($) shares $ / shares	Feb. 08, 2023 CAD ($) shares $ / shares	Jan. 04, 2023 CAD ($) shares $ / shares	Aug. 21, 2022 CAD ($) shares $ / shares	Aug. 04, 2022 CAD ($) shares $ / shares	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares	Dec. 31, 2023 $ / shares
IfrsStatementLineItems [Line Items]
Number of stock options, options issued | shares								1,735,250	1,200,000
Stock option one [member]
IfrsStatementLineItems [Line Items]
Number of stock options, exercise price | (per share)								$ 1.13		$ 1.50
Options expire								Aug. 20, 2025
Stock option one [member] | Director [Member]
IfrsStatementLineItems [Line Items]
Number of stock options, options issued | shares							900,000
Number of stock options, exercise price							$ 3.56
Options expire							Aug. 02, 2032
Fair value of options granted | $							$ 2,712
Share Price							$ 4.12
Expected option life							10 years
Volatility							112%
Risk-free interest rate							2.67%
Dividend yield							0%
Stock Option Two [Member]
IfrsStatementLineItems [Line Items]
Number of stock options, exercise price | (per share)								$ 2.27		3
Options expire								Jan. 28, 2025
Stock Option Two [Member] | Consultant [member]
IfrsStatementLineItems [Line Items]
Number of stock options, options issued | shares						300,000
Number of stock options, exercise price						$ 4
Options expire						Aug. 02, 2032
Fair value of options granted | $						$ 977
Share Price						$ 4
Expected option life						10 years
Volatility						112%
Risk-free interest rate						2.99%
Dividend yield						0%
Stock Option Three [Member]
IfrsStatementLineItems [Line Items]
Number of stock options, exercise price | (per share)								$ 6.34		8.40
Options expire								Jun. 03, 2026
Stock Option Three [Member] | Director And Consultant [Member]
IfrsStatementLineItems [Line Items]
Number of stock options, options issued | shares					816,500
Number of stock options, exercise price					$ 1.65
Options expire					Jan. 04, 2033
Fair value of options granted | $					$ 1,017
Share Price						$ 1.80
Expected option life					10 years
Volatility					112%
Risk-free interest rate					3.28%
Dividend yield					0%
Stock Option Four [Member]
IfrsStatementLineItems [Line Items]
Number of stock options, exercise price | (per share)								$ 6.04		8
Options expire								Oct. 28, 2026
Stock Option Four [Member] | Consultant [member]
IfrsStatementLineItems [Line Items]
Number of stock options, options issued | shares				100,000
Number of stock options, exercise price				$ 2.01
Options expire				Nov. 25, 2027
Fair value of options granted | $				$ 135
Share Price				$ 2.18
Expected option life				4 years 9 months 18 days
Volatility				112%
Risk-free interest rate				3.16%
Dividend yield				0%
Stock option five [member]
IfrsStatementLineItems [Line Items]
Number of stock options, exercise price | (per share)								$ 2.69		3.56
Options expire								Aug. 02, 2032
Stock option five [member] | Employees [Member]
IfrsStatementLineItems [Line Items]
Number of stock options, options issued | shares			423,750
Number of stock options, exercise price			$ 1.60
Options expire			Apr. 18, 2033
Fair value of options granted | $			$ 420
Share Price			$ 1.42
Expected option life			10 years
Volatility			111%
Risk-free interest rate			3.57%
Dividend yield			0%
Stock option six [member]
IfrsStatementLineItems [Line Items]
Number of stock options, exercise price | (per share)								$ 3.02		4
Options expire								Aug. 21, 2032
Stock option six [member] | Officers [Member]
IfrsStatementLineItems [Line Items]
Number of stock options, options issued | shares		245,000
Number of stock options, exercise price		$ 2.45
Options expire		Jun. 28, 2028
Fair value of options granted | $			$ 443
Share Price		$ 2.92
Expected option life			5 years
Volatility		111%
Risk-free interest rate		4.14%
Dividend yield		0%
Stock option seven [member]
IfrsStatementLineItems [Line Items]
Number of stock options, exercise price | (per share)								$ 1.25		$ 1.65
Options expire								Jan. 04, 2033
Stock option seven [member] | Officers [Member]
IfrsStatementLineItems [Line Items]
Number of stock options, options issued | shares	150,000
Number of stock options, exercise price		$ 2.20
Options expire	Sep. 20, 2033
Fair value of options granted | $	$ 231
Share Price	$ 2.20
Expected option life	10 years
Volatility	112%
Risk-free interest rate	4.35%
Dividend yield	0%

SCHEDULE OF OUTSTANDING STOCK O

SCHEDULE OF OUTSTANDING STOCK OPTIONS (Details)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares
IfrsStatementLineItems [Line Items]
Number of stock options	3,543,718	3,543,718	1,883,343	820,010
Number of stock options, Exercisable	2,330,801	2,330,801
Stock option one [member]
IfrsStatementLineItems [Line Items]
Number of stock options	543,333	543,333
Number of stock options, Exercisable	543,333	543,333
Number of stock options, Expiry date	Aug. 20, 2025
Number of stock options, Exercise price | (per share)	$ 1.13	$ 1.50
Stock Option Two [Member]
IfrsStatementLineItems [Line Items]
Number of stock options	33,333	33,333
Number of stock options, Exercisable	33,333	33,333
Number of stock options, Expiry date	Jan. 28, 2025
Number of stock options, Exercise price | (per share)	$ 2.27	$ 3
Stock Option Three [Member]
IfrsStatementLineItems [Line Items]
Number of stock options	50,000	50,000
Number of stock options, Exercisable	33,333	33,333
Number of stock options, Expiry date	Jun. 03, 2026
Number of stock options, Exercise price | (per share)	$ 6.34	$ 8.40
Stock Option Four [Member]
IfrsStatementLineItems [Line Items]
Number of stock options	16,677	16,677
Number of stock options, Exercisable	16,677	16,677
Number of stock options, Expiry date	Oct. 28, 2026
Number of stock options, Exercise price | (per share)	$ 6.04	$ 8
Stock option five [member]
IfrsStatementLineItems [Line Items]
Number of stock options	900,000	900,000
Number of stock options, Exercisable	450,000	450,000
Number of stock options, Expiry date	Aug. 02, 2032
Number of stock options, Exercise price | (per share)	$ 2.69	$ 3.56
Stock option six [member]
IfrsStatementLineItems [Line Items]
Number of stock options	300,000	300,000
Number of stock options, Exercisable	300,000	300,000
Number of stock options, Expiry date	Aug. 21, 2032
Number of stock options, Exercise price | (per share)	$ 3.02	$ 4
Stock option seven [member]
IfrsStatementLineItems [Line Items]
Number of stock options	804,125	804,125
Number of stock options, Exercisable	804,125	804,125
Number of stock options, Expiry date	Jan. 04, 2033
Number of stock options, Exercise price | (per share)	$ 1.25	$ 1.65
Stock Option Eight [Member]
IfrsStatementLineItems [Line Items]
Number of stock options	100,000	100,000
Number of stock options, Exercisable	100,000	100,000
Number of stock options, Expiry date	Nov. 25, 2027
Number of stock options, Exercise price | (per share)	$ 1.52	$ 2.01
Stock Option Nine [Member]
IfrsStatementLineItems [Line Items]
Number of stock options	401,250	401,250
Number of stock options, Exercisable
Number of stock options, Expiry date	Apr. 18, 2033
Number of stock options, Exercise price | (per share)	$ 1.21	$ 1.60
Stock Option Ten [Member]
IfrsStatementLineItems [Line Items]
Number of stock options	245,000	245,000
Number of stock options, Exercisable
Number of stock options, Expiry date	Jun. 28, 2028
Number of stock options, Exercise price | (per share)	$ 1.85	$ 2.45
Stock Option Eleven [Member]
IfrsStatementLineItems [Line Items]
Number of stock options	150,000	150,000
Number of stock options, Exercisable	50,000	50,000
Number of stock options, Expiry date	Sep. 20, 2033
Number of stock options, Exercise price | (per share)	$ 1.66	$ 2.20

SCHEDULE OF RSU_S TRANSACTIONS

SCHEDULE OF RSU’S TRANSACTIONS (Details) - RSU's [member] - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Number of RSU's, beginning balance	720,000
Number of RSU's, granted	1,308,250	1,265,000
Number of RSU's, Exercise	(464,499)	(545,000)
Number of RSU's, Expiry	(91,667)
Number of RSU's, ending balance	1,472,084	720,000

WARRANTS AND OPTIONS (Details N

WARRANTS AND OPTIONS (Details Narrative) $ in Thousands					12 Months Ended
	Jun. 28, 2023 shares	Apr. 18, 2023 shares	Jan. 04, 2023 shares	Aug. 04, 2022 shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($)
IfrsStatementLineItems [Line Items]
Share based compensation | $					$ 4,245
Share based compensation | $					4,802	$ 4,868	$ 843
RSU's [member]
IfrsStatementLineItems [Line Items]
Share based compensation | $					$ 1,079	$ 2,475
RSU's granted					1,308,250	1,265,000
Description of RSU's vesting and conversion	The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 165,000 Common Shares.	The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 116,250 Common Shares of no-par value in the Company.	The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 1,027,000 Common Shares .	The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 1,265,000 common shares of no par value in the Company (“Common Shares”).
RSU's exercisable					274,166
RSU's [member] | Directors officers and advisers [member]
IfrsStatementLineItems [Line Items]
RSU's granted			1,027,000	1,265,000
RSU's [member] | Executives and directors [member]
IfrsStatementLineItems [Line Items]
RSU's granted			260,000	590,000
RSU's [member] | Employees [Member]
IfrsStatementLineItems [Line Items]
RSU's granted		116,250
RSU's [member] | Officers [Member]
IfrsStatementLineItems [Line Items]
RSU's granted	165,000

SCHEDULE OF SUBSIDIARIES OF NON

SCHEDULE OF SUBSIDIARIES OF NON-CONTROLLING INTERESTS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Non controlling interest	$ (4,798)	$ (2,397)
Cust 2mate [Member]
IfrsStatementLineItems [Line Items]
Non controlling interest	(5,167)	(2,791)
A A I [Member]
IfrsStatementLineItems [Line Items]
Non controlling interest	$ 369	$ 394

SCHEDULE OF REVENUE FROM SERVIC

SCHEDULE OF REVENUE FROM SERVICES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Revenues	$ 11,375	[1],[2]	$ 9,351	[3],[4]	$ 2,685	[5],[6]
Revenues From Services [Member]
IfrsStatementLineItems [Line Items]
Revenues	1,730		1,364		1,548
Revenues From Leasing [Member]
IfrsStatementLineItems [Line Items]
Revenues	433		341		387
Revenues From Sales Of Precision Metal Parts [Member]
IfrsStatementLineItems [Line Items]
Revenues	3,084		3,958
Revenues From Smart Carts Project [Member]
IfrsStatementLineItems [Line Items]
Revenues	$ 6,128		$ 3,688		$ 750
[1]All non-current assets are located in the state of Israel.[2]All revenues are generated in the state of Israel.[3]All non-current assets are located in the state of Israel.[4]All revenues are generated in the state of Israel.[5]All non-current assets are located in the state of Israel.[6]All revenues are generated in the state of Israel.

SCHEDULE OF COST OF REVENUES (D

SCHEDULE OF COST OF REVENUES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Cost of revenues	$ 9,382	$ 7,517	$ 2,029
Payroll And Related Expenses [Member]
IfrsStatementLineItems [Line Items]
Cost of revenues	2,274	2,383	1,096
Subcontractor And Outsourced Work [Member]
IfrsStatementLineItems [Line Items]
Cost of revenues	224	103	162
Materials And Components Consumed [Member]
IfrsStatementLineItems [Line Items]
Cost of revenues	5,854	4,650	291
Depreciation [Member]
IfrsStatementLineItems [Line Items]
Cost of revenues	118	131
Motor Vehicle Fleet Costs [Member]
IfrsStatementLineItems [Line Items]
Cost of revenues	226	165	373
Smart Cart Maintenance [Member]
IfrsStatementLineItems [Line Items]
Cost of revenues	429
Other [Member]
IfrsStatementLineItems [Line Items]
Cost of revenues	$ 257	$ 85	$ 107

SCHEDULE OF RESEARCH AND DEVELO

SCHEDULE OF RESEARCH AND DEVELOPMENT EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Payroll and related expenses	$ 1,758	$ 867	$ 510
Subcontractor and outsourced work	2,331	3,362	2,477
Share-based compensation	532
Legal fees		20	99
Pilot expenses and other	130	212	136
Research and development expense	$ 4,751	$ 4,462	$ 3,222

SCHEDULE OF GENERAL AND ADMINIS

SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Payroll and related	$ 4,007	$ 3,990	$ 1,027
Professional fees	2,370	2,233	3,417
Share-based compensation	4,531	4,868	842
Depreciation and amortization	591	420	321
Office maintenance	369	437	275
Rent and related expenses	360	126	96
Travel	156	150
Public company related expenses	824	316	254
Directors & officers’ insurance	253	267	119
Doubtful debts		382
Other	472	410	143
General and administrative expenses	$ 13,933	$ 13,599	$ 6,494

SCHEDULE OF LOSS PER SHARE (Det

SCHEDULE OF LOSS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Net loss for the year attributable to A2Z’s shareholders	$ 16,061	$ 16,557	$ 39,163
Weighted average number of ordinary shares	34,748,029	27,681,778	23,340,621
Basic and diluted loss per share	$ 0.46	$ 0.60	$ 1.68

SCHEDULE OF LOSS PER SHARE (D_2

SCHEDULE OF LOSS PER SHARE (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2022
Notes and other explanatory information [abstract]
Basic and diluted per share description	basic and diluted loss per share for the year ended December 31, 2022 due to an immaterial error from (0.7) basic and diluted loss per share to (0.60) basic and diluted loss per share.

SCHEDULE OF FINANCIAL EXPENSES

SCHEDULE OF FINANCIAL EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financial Expenses Net
Bank fees and interest	$ 170	$ 136	$ 77
Interest expenses from lease liabilities	62	97	14
Exchange rate differences, net	70
Revaluation of provision	(85)	1,158
Financial expenses	$ 217	$ 1,391	$ 91

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX EXPENSE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Notes and other explanatory information [abstract]
Loss before income tax	$ (18,057)		$ (18,347)		$ (40,148)
Statutory tax rate	23%		23%		23%
Income tax benefit at the statutory tax rate	$ 4,153		$ 4,220		$ 9,234
Expenses not recognized for tax purposes	(4,153)		(4,220)		(9,234)
Recognition/Derecognition of deferred tax assets which were not recognized on prior periods					(142)
Income tax expense		[1],[2]		[3],[4]	$ (142)	[5],[6]
[1]All non-current assets are located in the state of Israel.[2]All revenues are generated in the state of Israel.[3]All non-current assets are located in the state of Israel.[4]All revenues are generated in the state of Israel.[5]All non-current assets are located in the state of Israel.[6]All revenues are generated in the state of Israel.

SCHEDULE OF INCOME TAX EXPENSE

SCHEDULE OF INCOME TAX EXPENSE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Notes and other explanatory information [abstract]
Current
Prior year taxes					142
Deferred taxes, net
Total		[1],[2]		[3],[4]	$ 142	[5],[6]
[1]All non-current assets are located in the state of Israel.[2]All revenues are generated in the state of Israel.[3]All non-current assets are located in the state of Israel.[4]All revenues are generated in the state of Israel.[5]All non-current assets are located in the state of Israel.[6]All revenues are generated in the state of Israel.

SCHEDULE OF AMOUNT OWING BY REL

SCHEDULE OF AMOUNT OWING BY RELATED PARTIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Directors Fees	$ 32	$ 28	$ 31
Consulting Fees / Salaries	1,656	1,308	1,095
Share based awards	263	224	70
Total	1,951	1,560	1,196
Amounts owing by (to) as of related parties	(142)	(12)	126
CEO and Company Controlled By CEO [Member]
IfrsStatementLineItems [Line Items]
Directors Fees
Consulting Fees / Salaries	1,235	1,224	1,001
Share based awards
Total	1,235	1,224	1,001
Amounts owing by (to) as of related parties	(103)	(12)	126
CFO [Member]
IfrsStatementLineItems [Line Items]
Directors Fees
Consulting Fees / Salaries	96	84	94
Share based awards		160	59
Total	96	244	153
Amounts owing by (to) as of related parties	(9)
Directors [member]
IfrsStatementLineItems [Line Items]
Directors Fees	32	28	31
Consulting Fees / Salaries	325
Share based awards	263	64	11
Total	620	92	42
Amounts owing by (to) as of related parties	$ (30)

INCOME TAX EXPENSE (Details Nar

INCOME TAX EXPENSE (Details Narrative)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Federal and statutory income tax rate	26.50%	26.50%	26.50%
Israeli corporate tax rate	23%		23%

SCHEDULE OF FINANCIAL ASSET WIT

SCHEDULE OF FINANCIAL ASSET WITH CASH AND TRADE ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Notes and other explanatory information [abstract]
Cash and Cash Equivalents	$ 2,267	$ 2,616	$ 8,470	$ 5,397
Deposits	77	8
Trade receivables	1,477	1,373
Other Accounts Receivable	660	2,570
Total	$ 4,481	$ 6,567

SCHEDULE OF LIQUIDITY RISKS (De

SCHEDULE OF LIQUIDITY RISKS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Trade payables - Carrying amount	$ 1,742
Trade payables - Within 1 year	1,742
Trade payables - Over 1 year
Other accounts payable - Carrying amount	2,534	$ 956
Other accounts payable - Within 1 year	2,534
Other accounts payable - Over 1 year
Loans - Carrying amounts	1,394
Loans - Within 1 year	1,166	1,403
Long term loans (note 16)	228	341
Lease liability - Carrying amount	600	886
Lease liability - Within 1 year	190	281
Lease liability - Over 1 year	$ 410	$ 605

RELATED PARTIES AND SHAREHOLD_3

RELATED PARTIES AND SHAREHOLDERS (Details Narrative) ₪ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2023 ILS (₪)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
IfrsStatementLineItems [Line Items]
Consulting fees	$ 2,370		$ 2,233	$ 3,417
Bonus amount	240			$ 260
CEO [member]
IfrsStatementLineItems [Line Items]
Consulting fees	71	₪ 250,000
Compensation commitee [member]
IfrsStatementLineItems [Line Items]
Bonus amount	$ 260

FINANCIAL INSTRUMENTS AND RIS_3

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Notes and other explanatory information [abstract]
Variable market risk description	As of December 31, 2023, if the Company’s functional currency (ILS) had strengthened/ weakened by 5% against the USD, with all other variables held constant, the loss for the year would decrease /increase by approximately $47
Increase decrease in income loss	$ 47
Borrowings rate, description	It is currently Company policy that between 50% and 75% of Company borrowings are fixed rate borrowings
Maximum reasonable expectation in interest rate	$ 165

SCHEDULE OF OPERATING SEGMENTS

SCHEDULE OF OPERATING SEGMENTS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Revenues		$ 11,375	[1],[2]	$ 9,351	[3],[4]	$ 2,685	[5],[6]
Segment operational loss (gain)		18,068	[1],[2]	16,702	[3],[4]	9,162	[5],[6]
Gain on revaluation of warrant liability	[1],[2]	(1,255)
Loss on impairment of goodwill	[1],[2]	1,027
Finance expense, net		217	[1],[2]	1,391	[3],[4]	91	[5],[6]
Tax expenses			[1],[2]		[3],[4]	142	[5],[6]
Loss		18,057	[1],[2]	18,347	[3],[4]	40,290
Loss on revaluation of warrant liability				254	[3],[4]	30,895	[5],[6]
Segment assets		8,519		12,694
Segment liabilities		10,828		9,805
External [member]
IfrsStatementLineItems [Line Items]
Revenues		11,831	[1],[2]	9,351	[3],[4]	2,685	[5],[6]
Inter Segment [Member]
IfrsStatementLineItems [Line Items]
Revenues	[1],[2]	(456)
Precision metal parts [member]
IfrsStatementLineItems [Line Items]
Revenues		3,084		3,958
Segment operational loss (gain)		1,389		761
Segment assets		2,316		2,741
Segment liabilities		3,507		3,575
Precision metal parts [member] | External [member]
IfrsStatementLineItems [Line Items]
Revenues		3,084		3,958
Precision metal parts [member] | Inter Segment [Member]
IfrsStatementLineItems [Line Items]
Revenues
Advanced engineering [member]
IfrsStatementLineItems [Line Items]
Revenues		2,163		1,705		1,935
Segment operational loss (gain)		317		(60)		1,034
Segment assets		1,249		1,162
Segment liabilities		832		1,043
Advanced engineering [member] | External [member]
IfrsStatementLineItems [Line Items]
Revenues		2,619		1,705		1,935
Advanced engineering [member] | Inter Segment [Member]
IfrsStatementLineItems [Line Items]
Revenues		(456)
Smart carts [member]
IfrsStatementLineItems [Line Items]
Revenues		6,128	[7]	3,688	[8]	750	[9]
Segment operational loss (gain)		16,362	[7]	16,001	[8]	8,128	[9]
Segment assets		4,954		8,791
Segment liabilities		6,489		5,187
Smart carts [member] | External [member]
IfrsStatementLineItems [Line Items]
Revenues		6,128	[7]	3,688	[8]	750	[9]
Smart carts [member] | Inter Segment [Member]
IfrsStatementLineItems [Line Items]
Revenues	[7]
Adjustment and elimination [member]
IfrsStatementLineItems [Line Items]
Segment assets
Segment liabilities
[1]All non-current assets are located in the state of Israel.[2]All revenues are generated in the state of Israel.[3]All non-current assets are located in the state of Israel.[4]All revenues are generated in the state of Israel.[5]All non-current assets are located in the state of Israel.[6]All revenues are generated in the state of Israel.[7]All revenues from the smart cart segment are generated from one customer, which is the main customer of the Company, and accounts for 51.5 10 39.4 10 27.9 10

SCHEDULE OF OPERATING SEGMENT_2

SCHEDULE OF OPERATING SEGMENTS (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Precision metal parts [member]
IfrsStatementLineItems [Line Items]
Percentage of revenue	51.50%	39.40%	27.90%
Advanced engineering [member]
IfrsStatementLineItems [Line Items]
Percentage of revenue	10%	10%	10%

OPERATING SEGMENTS (Details Nar

OPERATING SEGMENTS (Details Narrative)	12 Months Ended
	Dec. 31, 2023 Segments
Notes and other explanatory information [abstract]
Number of operating segment	3

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Thousands			12 Months Ended
	Apr. 02, 2024 USD ($) $ / shares shares	Jan. 11, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 11, 2024 CAD ($) $ / shares shares
IfrsStatementLineItems [Line Items]
Proceeds from exercise warrants | $			$ 102	$ 1,379	$ 3,386
Nonadjusting Event [Member]
IfrsStatementLineItems [Line Items]
Proceeds from exercise warrants | $		$ 3,227
Shares issued | shares	9,480,500	2,806,302				2,806,302
Warrant exercise price per share | (per share)		$ 1.15				$ 1.36
Proceeds from common shares | $	$ 3,300
Price per share | $ / shares	$ 0.35
Nonadjusting Event [Member] | Investors [Member]
IfrsStatementLineItems [Line Items]
Shares issued | shares	6,842,857
Proceeds from common shares | $	$ 2,400
Price per share | $ / shares	$ 0.35
Nonadjusting Event [Member] | Non U S Residents [Member]
IfrsStatementLineItems [Line Items]
Shares issued | shares	734,440
Nonadjusting Event [Member] | Directors And Officers [Member]
IfrsStatementLineItems [Line Items]
Proceeds from common shares | $	$ 525,000
Nonadjusting Event [Member] | Registered Direct Offerings [Member]
IfrsStatementLineItems [Line Items]
Finder fee		$ 258				$ 348
Non registered warrants share issued | shares		224,504				224,504
Nonadjusting Event [Member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Shares issued | shares		1,403,151				1,403,151
Warrant exercise price per share | (per share)		$ 1.50				$ 2.05