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

Taxes on Income (Tables)

v3.8.0.1
Taxes on Income (Tables)
12 Months Ended
Dec. 31, 2017
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
 
   
2017
   
2016
   
2015
 
   
€ in thousands
 
Current tax income (expense)
                 
Current year
   
(494
)
   
(252
)
   
(375
)
Previous years
   
1,044
     
(67
)
   
796
 
     
550
     
(319
)
   
421
 
Deferred tax income
                       
Creation and reversal of temporary differences
   
(922
)
   
(250
)
   
1,318
 
                         
Tax benefit (taxes on income)
   
(372
)
   
(569
)
   
1,739
 
Schedule of Theoretical Tax
Statutory rate applied to corporations in Israel and the actual tax expense, is as follows:
 
   
2017
   
2016
   
2015
 
   
€ in thousands
 
                   
Profit (loss) before taxes on income
   
(6,269
)    
(63
)
   
6,371
 
Primary tax rate of the Company
   
24
%
   
25
%
   
26.5
%
Tax benefit (tax on income)
   
1,505
 
   
16
     
(1,688
)
                         
Profit (loss) subject to different tax rate
   
(106
)
   
(15
)
   
(265
)
Creation of (changes in) deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past
   
(448
)
   
-
     
2,441
 
Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees
   
367
     
344
     
5
 
Change in temporary differences for which deferred tax were not recognized
   
(359
)
   
(347
)
   
832
 
Current year tax losses and benefits for which deferred taxes were not created,
   
(1,142
)
   
(378
)
   
511
 
Taxes in respect to previous years  and others
   
(189
)
   
(189
)
   
(97
)
                         
Actual tax benefit (tax on income)
   
(372
)
   
(569
)
   
1,739
 
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, 2016
   
(1,184
)
   
(3,019
)
   
2,150
     
139
     
3,768
     
1,854
 
Changes recognized in profit or loss
   
(95
)
   
(42
)
   
(46
)
   
39
     
106
     
(250
)
Changes recognized in other comprehensive income
   
-
     
-
     
-
     
-
     
-
     
-
 
Balance of deferred tax asset (liability) as at December 31, 2016
   
(1,279
)
   
(3,061
)
   
2,104
     
178
     
3,662
     
1,604
 
 
               
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
)