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

LEASING

v3.25.1
LEASING
 12 Months Ended
Dec. 31, 2024
Presentation of leases for lessee [abstract]  
LEASING [Text Block]
NOTE 11 -
LEASING
 
  A.
Right of use assets:

 

   
Premises
    
Vehicles
    
Total
  
Cost:
                  
                   
Balance at January 1, 2023
  
$
4,342
    
$
575
    
$
4,917
  
Changes during the year:
                        
New leases
    
-
      
309
      
309
  
Termination of leases
    
(507
)
    
(180
)
    
(687
)
Currency translation adjustments
    
(132
)
    
(29
)
    
(161
)
                         
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
  
                         
Accumulated depreciation:
                        
                         
Balance at January 1, 2023
    
2,682
      
306
      
2,988
  
Changes during the year:
                        
Depreciation and amortization
    
453
      
141
      
594
  
Termination of leases
    
(364
)
    
(83
)
    
(447
)
Currency translation adjustments
    
(48
)
    
(16
)
    
(64
)
                         
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
  
                         
Depreciated cost at December 31, 2024
  
$
239
    
$
212
    
$
451
  
                         
Depreciated cost at December 31, 2023
  
$
980
    
$
327
    
$
1,307
  

 

  B.
Operating lease liabilities:
 
   
Premises
    
Vehicles
    
Total
  
                   
  Balance at January 1, 2023
  
$
1,627
    
$
262
    
$
1,889
  
  Changes during the year:
                        
 New leases
    
-
      
309
      
309
  
 Payment of lease liabilities
    
(492
)
    
(157
)
    
(649
)
 Interest on lease liabilities
    
44
      
19
      
63
  
 Termination of leases
    
(150
)
    
(101
)
    
(251
)
 Currency translation adjustments
    
90
      
(182
)
    
(92
)
                         
  Balance at December 31, 2023
    
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
  
 
   
December 31
  
   
2024
    
2023
  
             
Current liability
  
$
262
    
$
454
  
Non-current liability
    
171
      
815
  
                 
Balance at December 31
  
$
433
    
$
1,269
  
 
  C.
Amounts recognized in statements of cash flow:
 
   
Year ended
December 31,
  
   
2024
    
2023
    
2022
  
 Amortization of the right for use assets
  
$
351
    
$
594
    
$
1,944
  
 Interest on lease liabilities
  
$
52
    
$
63
    
$
1,429
  
 Payment of lease liabilities
  
$
383
    
$
649
    
$
3,085
  
 
Total negative cash flows in respect of leasing for the years ended December 31, 2024, 2023 and 2022 are approximately $383, $649 and $3,085, respectively.
 
  D.
Analysis of contractual payment dates of leasing liability at December 31, 2024:

 

Up to a year
  
$
274
  
Between 1-3 years
    
174
  
Total (undiscounted)
  
$
448