Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Taxes on Income (Tables)

v3.19.1
Taxes on Income (Tables)
12 Months Ended
Dec. 31, 2018
Major components of tax expense (income) [abstract]  
Schedule of Composition of Income Tax Benefit (Taxes on Income)
Composition of income tax benefit (taxes on income):
 
   
For the year ended December 31
 
   
2018
   
2017
   
2016
 
   
€ in thousands
 
Current tax income (expense)
                 
Current year
   
(438
)
   
(494
)
   
(252
)
Previous years
   
26
     
1,044
     
(67
)
     
(412
)
   
550
     
(319
)
Deferred tax income
                       
Creation and reversal of temporary differences
   
197
     
(922
)
   
(250
)
                         
Taxes on income
   
(215
)
   
(372
)
   
(569
)
Schedule of Theoretical Tax
Statutory rate applied to corporations in Israel and the actual tax expense, is as follows:
 
   
2018
   
2017
   
2016
 
   
€ in thousands
 
                   
Profit (loss) before taxes on income
   
819
     
(6,269
)
   
(63
)
Primary tax rate of the Company
   
23
%
   
24
%
   
25
%
Tax benefit (tax on income)
   
(188
)
   
1,505
     
16
 
                         
Profit (loss) subject to different tax rate
   
45
     
(106
)
   
(15
)
Changes in deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past
   
-
     
(448
)
   
-
 
Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees
   
585
     
367
     
344
 
Change in temporary differences for which deferred tax were not recognized
   
(576
)
   
(359
)
   
(347
)
Current year tax losses and benefits for which deferred taxes were not created
   
(136
)
   
(1,142
)
   
(378
)
Tax benefit (taxes) in respect to previous years  and others
   
55
     
(189
)
   
(189
)
                         
Actual tax on income
   
(215
)
   
(372
)
   
(569
)
Schedule of Deferred Taxes
 
             
Finance lease
         
Losses
       
 
 
Financial
   
Fixed
   
obligations and
   
Swap
   
on
       
 
 
assets
   
assets
   
long term loans
   
contract
   
income
   
Total
 
 
 
€ in thousands
 
Balance of deferred tax asset
                                   
(liability) as at January 1, 2017
   
(1,279
)
   
(3,061
)
   
2,104
     
178
     
3,662
     
1,604
 
Changes recognized due to business combination
   
(7,678
)
   
-
     
-
     
-
     
2,791
     
(4,887
)
Changes recognized in profit or loss
   
1,565
     
(117
)
   
(84
)
   
(61
)
   
(2,225
)
   
(922
)
Balance of deferred tax asset (liability) as at
                                               
December 31, 2017
   
(7,392
)
   
(3,178
)
   
2,020
     
117
     
4,228
     
(4,205
)
 
                   
Finance lease
           
Losses
         
   
Financial
   
Fixed
   
obligations and
   
Swap
   
on
         
   
assets
   
assets
   
long term loans
   
contract
   
income
   
Total
 
   
€ in thousands
 
Balance of deferred tax asset
                                               
(liability) as at January 1, 2018
   
(7,392
)
   
(3,178
)
   
2,020
     
117
     
4,228
     
(4,205
)
Changes recognized due to business combination
   
-
     
-
     
-
     
-
     
2
     
2
 
Changes recognized in profit or loss
   
200
     
1,262
     
(1,310
)
   
39
     
6
     
197
 
Changes recognized in other comprehensive income
   
257
     
-
             
42
     
(89
)
   
210
 
Balance of deferred tax asset (liability) as at
                                               
December 31, 2018
   
(6,935
)
   
(1,916
)
   
710
     
198
     
4,147
     
(3,796
)