Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

LEASING

v3.26.1
LEASING
12 Months Ended
Dec. 31, 2025
Presentation of leases for lessee [abstract]  
LEASING [Text Block]
NOTE 11 -
LEASING
 
  A.
Right of use assets:
     
   
Premises
   
Vehicles
   
Total
 
 Cost:
                 
                   
 Balance at December 31, 2023
 
$
3,703
   
$
675
   
$
4,378
 
 Changes during the year:
                       
New leases
   
-
     
40
     
40
 
Termination of leases
   
-
     
(92
)
   
(92
)
Deconsolidation of Oranim
   
(921
)
   
-
     
(921
)
Currency translation adjustments
   
(5
)
   
37
     
32
 
                         
 Balance at December 31, 2024
   
2,777
     
660
     
3,437
 
 Changes during the year:
                       
New leases
   
-
     
254
     
254
 
Termination of leases
   
-
     
(112
)
   
(112
)
Currency translation adjustments
   
442
     
74
     
516
 
                         
 Balance at December 31, 2025
   
3,219
     
876
     
4,095
 
                         
 Accumulated depreciation:
                       
                         
 Balance at December 31, 2023
   
2,723
     
348
     
3,071
 
 Changes during the year:
                       
Depreciation and amortization
   
250
     
101
     
351
 
Termination of leases
   
-
     
(33
)
   
(33
)
Deconsolidation of Oranim
   
(388
)
   
-
     
(388
)
Currency translation adjustments
   
(47
)
   
32
     
(15
)
                         
 Balance at December 31, 2024
   
2,538
     
448
     
2,986
 
 Changes during the year:
                       
Depreciation and amortization
   
231
     
87
     
318
 
Termination of leases
   
-
     
(86
)
   
(86
)
Currency translation adjustments
   
251
     
225
     
476
 
                         
 Balance at December 31, 2025
   
3,020
     
674
     
3,694
 
                         
 Depreciated cost at December 31, 2025
 
$
199
   
$
202
   
$
401
 
                         
 Depreciated cost at December 31, 2024
 
$
239
   
$
212
   
$
451
 

 

  B.
Operating lease liabilities:
 
   
Premises
   
Vehicles
   
Total
 
                   
  Balance at January 1, 2024
 
$
1,119
   
$
150
   
$
1,269
 
  Changes during the year:
                       
 New leases
   
-
     
40
     
40
 
 Payment of lease liabilities
   
(213
)
   
(170
)
   
(383
)
 Interest on lease liabilities
   
19
     
33
     
52
 
 Termination of leases
   
-
     
(63
)
   
(63
)
 Deconsolidation of Oranim
   
(527
)
   
-
     
(527
)
 Currency translation adjustments
   
(8
)
   
53
     
45
 
                         
  Balance at December 31, 2024
   
390
     
43
     
433
 
  Changes during the year:
                       
 New leases
   
-
     
254
     
254
 
 Payment of lease liabilities
   
(210
)
   
(113
)
   
(323
)
 Interest on lease liabilities
   
21
     
20
     
41
 
 Termination of leases
   
-
     
(22
)
   
(22
)
 Currency translation adjustments
   
(21
)
   
14
     
(7
)
                         
  Balance at December 31, 2025
 
$
180
   
$
196
   
$
376
 

 

   
December 31
 
   
2025
   
2024
 
             
  Current liability
 
$
322
   
$
262
 
  Non-current liability
   
54
     
171
 
                 
  Balance at December 31
 
$
376
   
$
433
 
 
  C.
Amounts recognized in statements of cash flow:
 
   
Year ended
December 31,
 
   
2025
   
2024
   
2023
 
 Amortization of the right for use assets
 
$
318
   
$
351
   
$
594
 
 Interest on lease liabilities
 
$
41
   
$
52
   
$
63
 
 Payment of lease liabilities
 
$
323
   
$
383
   
$
649
 
 
Total negative cash flows in respect of leasing for the years ended December 31, 2025, 2024 and 2023 are approximately $323, $383 and $649, respectively.
 
  D.
Analysis of contractual payment dates of leasing liability at December 31, 2025:
 
   Up to a year
   
341
 
   Between 1-3 years
   
114
 
   Total (undiscounted)
   
455