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LEASES
 12 Months Ended
Dec. 31, 2024
Presentation of leases for lessee [abstract]  
LEASES
NOTE 10 - LEASES
 
a.
General
 
As of December 31, 2024, the Group had right of use assets related to leased buildings used as the Group’s used for operating activities. Set forth below are the right-of-use asset years of depreciation and the interest rates used to discount the lease payments:
 
   
Years of depreciation
    
Interest rate
  
Buildings
    
2-4
      
1.5%-5%
 
 
b.
Composition and movement of right-of-use assets:
 
The following is the composition of right-of-use asset balances as of December 31, 2024:
 
   
Buildings
  
   
US Dollars in thousands
  
Cost:
      
Balance as of January 1, 2024
    
11,087
  
Additions during the year
    
1,653
  
Additions in respect of acquisition
    
1,512
  
Other changes
    
249
  
Balance as of December 31, 2024
    
 14,501
  
         
Depreciation and amortization:
        
Balance as of January 1, 2024
    
5,746
  
Depreciation during the year
    
2,463
  
Balance as of December 31, 2024
    
 8,209
  
         
Right-of-use assets - net
    
6,292
  
 
The following is the composition of right-of-use asset balances as of December 31, 2023:
 
   
Buildings
    
Technological equipment
    
Total
  
   
US Dollars in thousands
  
Cost:
                  
Balance as of January 1, 2023
    
10,947
      
331
      
11,278
  
Additions during the year
    
338
      
-
      
338
  
Disposals
    
(455
)
    
(331
)
    
(786
)
Other changes
    
257
      
-
      
257
  
Balance as of December 31, 2023
    
11,087
      
-
      
11,087
  
                         
Depreciation and amortization:
                        
Balance as of January 1, 2023
    
3,579
      
318
      
3,897
  
Depreciation during the year
    
2,167
      
11
      
2,178
  
Disposals
    
-
      
(329
)
    
(329
)
Balance as of December 31, 2023
    
5,746
      
-
      
5,746
  
Right-of-use assets - net
    
5,341
      
-
      
5,341
  
 
The following is the composition of right-of-use asset balances as of December 31, 2022:
 
   
 
Buildings
    
Technological equipment
    
 
Total
  
   
US Dollars in thousands
  
Cost:
                  
Balance as of January 1, 2022
    
7,382
      
331
      
7,713
  
Additions during the year
    
2,048
      
-
      
2,048
  
Additions in respect of acquisition
    
1,722
      
-
      
1,722
  
Disposals
    
(462
)
    
-
      
(462
)
Other changes
    
257
      
-
      
257
  
Balance as of December 31, 2022
    
10,947
      
331
      
11,278
  
                         
Depreciation and amortization:
                        
Balance as of January 1, 2022
    
2,186
      
252
      
2,438
  
Depreciation during the year
    
1,731
      
66
      
1,797
  
Disposals
    
(338
)
    
-
      
(338
)
Balance as of December 31, 2022
    
3,579
      
318
      
3,897
  
Right-of-use assets - net
     7,368       13       7,381  
 
c.
Composition and changes in lease liabilities
 
The following table summarizes the composition of lease liability balances as of December 31, 2024:
 
   
Buildings
  
   
US Dollars in thousands
  
Balance as of January 1, 2024
    
6,294
  
Additions during the year
    
1,653
  
Additions in respect of acquisition
    
1,519
  
Interest expenses
    
342
  
Lease payments
    
(2,997
)
Other changes
    
234
  
Balance as of December 31, 2024
    
 7,045
  
         
Current maturities of lease liabilities
    
2,967
  
Long-term lease liabilities
    
4,078
  
Balance as of December 31, 2024
    
 7,045
  
 
The following table summarizes the composition of lease liability balances as of December 31, 2023:
 
   
Buildings
    
Technological equipment
    
Total
  
   
US Dollars in thousands
  
Balance as of January 1, 2023
    
8,141
      
9
      
8,150
  
Additions during the year
    
338
      
-
      
338
  
Interest expenses
    
330
      
-
      
330
  
Lease payments
    
(2,503
)
    
(9
)
    
(2,512
)
Other changes
    
(12
)
    
-
      
(12
)
Balance as of December 31, 2023
    
6,294
      
-
      
6,294
  
                         
Current maturities of lease liabilities
    
2,145
      
-
      
2,145
  
Long-term lease liabilities
    
4,149
      
-
      
4,149
  
Balance as of December 31, 2023
    
6,294
      
-
      
6,294
  
 
The following table summarizes the composition of lease liability balances as of December 31, 2022:
 
   
Buildings
    
Technological equipment
    
Total
  
   
US Dollars in thousands
  
Balance as of January 1, 2022
    
6,769
      
126
      
6,895
  
Additions during the year
    
2,014
      
-
      
2,014
  
Additions in respect of acquisition
    
1,696
      
-
      
1,696
  
Disposals
    
(131
)
    
-
      
(131
)
Interest expenses
    
293
      
3
      
296
  
Lease payments
    
(2,036
)
    
(111
)
    
(2,147
)
Other changes
    
(464
)
    
(9
)
    
(473
)
Balance as of December 31, 2022
    
8,141
      
9
      
8,150
  
                         
Current maturities of lease liabilities
    
2,197
      
9
      
2,206
  
Long-term lease liabilities
    
5,944
      
-
      
5,944
  
Balance as of December 31, 2022
    
8,141
      
9
      
8,150
  

 

d.

The Group incurred expenses in the amounts of $402, $330 and $209 thousand in 2024, 2023 and 2022, respectively, related to short-term leases, which were included in research and development expenses and selling, general and administrative expenses.