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  <us-gaap:OtherCurrentAssetsTextBlock id="Tag446" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 2&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;OTHER CURRENT ASSETS&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="margin-left: 94pt;" align="right"&gt;
&lt;table width="100%" cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman'; text-indent: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="6"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;"&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman'; text-indent: 20px;" colspan="6"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;"&gt;December&amp;#160;31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in &amp;#160;thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 76%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Prepaid expenses and others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;9,779&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;9,314&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Government institutions &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2,694&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,716&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred installation expenses &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2,485&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2,905&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred income taxes (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,649&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,692&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Advances to suppliers &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;324&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;457&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Employees &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;343&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;300&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Forward Exchange Contracts&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,580&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,464&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;53&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;22,318&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;18,437&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; width: 20px; background-color: #ffffff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; width: 20px; background-color: #ffffff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;div&gt;
&lt;div style="margin-left: 71pt;" align="right"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="width: 5%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(*)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 95%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;See Note 15.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:OtherCurrentAssetsTextBlock>
  <us-gaap:DerivativeAssetsCurrent id="Tag447" contextRef="C727282" unitRef="USD" xsi:nil="true" />
  <us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock id="Tag448" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="margin-left: 94pt;" align="right"&gt;
&lt;table width="100%" cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman'; text-indent: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="6"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;"&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'Times New Roman'; text-indent: 20px;" colspan="6"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;"&gt;December&amp;#160;31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in &amp;#160;thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 76%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Prepaid expenses and others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;9,779&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;9,314&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Government institutions &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2,694&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,716&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred installation expenses &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2,485&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2,905&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred income taxes (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,649&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,692&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Advances to suppliers &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;324&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;457&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Employees &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;343&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;300&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Forward Exchange Contracts&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,580&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,464&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;53&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;22,318&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;18,437&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; width: 20px; background-color: #ffffff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; width: 20px; background-color: #ffffff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 20px; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;div&gt;
&lt;div style="margin-left: 71pt;" align="right"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="width: 5%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(*)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 95%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;See Note 15.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/div&gt;</us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock>
  <us-gaap:InventoryFinishedGoods id="Tag449" contextRef="C727281" unitRef="USD" decimals="-3">8845000</us-gaap:InventoryFinishedGoods>
  <us-gaap:InventoryFinishedGoods id="Tag450" contextRef="C727282" unitRef="USD" decimals="-3">11733000</us-gaap:InventoryFinishedGoods>
  <us-gaap:InventoryRawMaterials id="Tag451" contextRef="C727281" unitRef="USD" decimals="-3">3319000</us-gaap:InventoryRawMaterials>
  <us-gaap:InventoryRawMaterials id="Tag452" contextRef="C727282" unitRef="USD" decimals="-3">2773000</us-gaap:InventoryRawMaterials>
  <us-gaap:InventoryDisclosureTextBlock id="Tag453" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 3&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;INVENTORIES&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="margin-left: 94pt;"&gt;
&lt;table style="border-collapse: collapse; margin-left: 0px;" cellspacing="0" cellpadding="0" width="100%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;US&amp;#160;dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-top: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="6"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;December&amp;#160;31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 76%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Finished products &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;8,845&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;11,733&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Raw materials &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,319&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2,773&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;12,164&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;14,506&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:InventoryDisclosureTextBlock>
  <us-gaap:ScheduleOfInventoryCurrentTableTextBlock id="Tag454" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="margin-left: 94pt;"&gt;
&lt;table style="border-collapse: collapse; margin-left: 0px;" cellspacing="0" cellpadding="0" width="100%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;US&amp;#160;dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-top: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="6"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;December&amp;#160;31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 76%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Finished products &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;8,845&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;11,733&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Raw materials &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;h4 style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 4&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&lt;/strong&gt;&lt;strong&gt;INVESTMENTS IN AFFILIATED AND OTHER COMPANY&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
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&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 76%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Forward Exchange Contracts&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;984&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Government institutions &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;73&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;128&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deferred installation expenses &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;459&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;526&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deposits &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;575&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;368&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
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&lt;![endif]--&gt; &lt;b&gt;&lt;font style="font-size: 10pt; font-family: 'Times New Roman', serif;"&gt;US dollars&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
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&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December&amp;#160;31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
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&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
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&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="border-bottom-color: #000000 !important; border-bottom-style: solid !important; border-bottom-width: 1pt !important; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
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&lt;tr&gt;
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&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
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&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 76%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Forward Exchange Contracts&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;984&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
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&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Government institutions &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;73&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;128&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deferred installation expenses &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;459&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;526&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deposits &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;575&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;368&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;2,091&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;1,022&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfOtherAssetsNoncurrentTextBlock>
  <us-gaap:DerivativeAssetsNoncurrent id="Tag479" contextRef="C727282" unitRef="USD" xsi:nil="true" />
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag480" contextRef="C727394" unitRef="USD" decimals="-3">46947000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag481" contextRef="C727395" unitRef="USD" decimals="-3">46991000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag482" contextRef="C727396" unitRef="USD" decimals="-3">23858000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag483" contextRef="C727397" unitRef="USD" decimals="-3">25116000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag484" contextRef="C727398" unitRef="USD" decimals="-3">1022000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag485" contextRef="C727399" unitRef="USD" decimals="-3">1022000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag486" contextRef="C727400" unitRef="USD" decimals="-3">1855000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag487" contextRef="C727401" unitRef="USD" decimals="-3">2252000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag488" contextRef="C727402" unitRef="USD" decimals="-3">3412000</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentAdditions id="Tag489" contextRef="C727288" unitRef="USD" decimals="-6">14000000</us-gaap:PropertyPlantAndEquipmentAdditions>
  <us-gaap:PropertyPlantAndEquipmentAdditions id="Tag490" contextRef="C727289" unitRef="USD" decimals="-6">10000000</us-gaap:PropertyPlantAndEquipmentAdditions>
  <itrn:OperatingEquipmentAmountSubjectToLeaseTransactions id="Tag491" contextRef="C727281" unitRef="USD" decimals="-5">26000000</itrn:OperatingEquipmentAmountSubjectToLeaseTransactions>
  <itrn:OperatingEquipmentAmountSubjectToLeaseTransactions id="Tag492" contextRef="C727282" unitRef="USD" decimals="-5">25800000</itrn:OperatingEquipmentAmountSubjectToLeaseTransactions>
  <itrn:AccumulatedDepreciationAndAmortizationSubjectToLeaseTransactions id="Tag493" contextRef="C727286" unitRef="USD" decimals="-5">-10400000</itrn:AccumulatedDepreciationAndAmortizationSubjectToLeaseTransactions>
  <itrn:AccumulatedDepreciationAndAmortizationSubjectToLeaseTransactions id="Tag494" contextRef="C727288" unitRef="USD" decimals="-5">-11300000</itrn:AccumulatedDepreciationAndAmortizationSubjectToLeaseTransactions>
  <us-gaap:Depreciation id="Tag495" contextRef="C727286" unitRef="USD" decimals="-5">11200000</us-gaap:Depreciation>
  <us-gaap:Depreciation id="Tag496" contextRef="C727288" unitRef="USD" decimals="-5">11100000</us-gaap:Depreciation>
  <us-gaap:Depreciation id="Tag497" contextRef="C727289" unitRef="USD" decimals="-5">13300000</us-gaap:Depreciation>
  <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock id="Tag498" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 6&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;PROPERTY AND EQUIPMENT, NET&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;A.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Property and equipment, net consists of the following:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="margin-left: 110pt;"&gt;
&lt;table style="border-collapse: collapse; width: 100%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 76%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Operating equipment (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;46,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;46,991&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Office furniture, equipment and computers &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;23,858&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;25,116&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Land &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,022&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,022&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Buildings &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,855&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;2,252&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Vehicles &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,412&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,197&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Leasehold improvements &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;3,088&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;3,099&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;80,182&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;81,677&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Less &amp;#150; accumulated depreciation and amortization (**) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;(48,274&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;(49,131&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;31,908&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;32,546&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;div align="right"&gt;
&lt;table width="88%" cellpadding="0" border="0" cellspacing="0" style="height: 0px; margin-left: 0.1px;"&gt;

&lt;tr&gt;
&lt;td style="width: 0%; text-align: left;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;
&lt;div style="margin-left: 90pt;"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-right: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="padding: 0px; text-indent: 0px; width: 2%; vertical-align: top;" valign="top"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: TOP;"&gt;(*)&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; width: 1%;"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As December 31, 2014 and 2013, an amount of US$ &lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;6.0&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;8&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million is subject to operating lease transactions, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt; &lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="margin-left: 90pt;"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="padding: 0px; text-indent: 0px; width: 2%; vertical-align: top;" valign="top"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(**)&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; width: 1%;"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As at December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;0&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million is subject to operating lease transactions, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.8pt; text-align: justify; text-indent: -22.75pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; text-indent: -22.75pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;B.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In the years ended December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, depreciation expense was US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;11&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million, US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million, respectively and additional equipment was purchased in an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;15&lt;/font&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million, US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;14&lt;/font&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;10&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million, respectively.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.8pt; text-align: justify; text-indent: -22.75pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; text-indent: -22.75pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;C.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;After deduction of the cost and the accumulated depreciation of items fully depreciated.&lt;/font&gt;&amp;#160;&lt;/p&gt;

&lt;/div&gt;
&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag499" contextRef="C727355" unitRef="USD" decimals="0">9500</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:GoodwillTranslationAdjustments id="Tag500" contextRef="C728364" unitRef="USD" decimals="-3">193000</us-gaap:GoodwillTranslationAdjustments>
  <us-gaap:GoodwillTranslationAdjustments id="Tag501" contextRef="C728365" unitRef="USD" decimals="-3">290000</us-gaap:GoodwillTranslationAdjustments>
  <us-gaap:PropertyPlantAndEquipmentTextBlock id="Tag502" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="margin-left: 110pt;"&gt;
&lt;table style="border-collapse: collapse; width: 100%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 76%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Operating equipment (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;46,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;46,991&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Office furniture, equipment and computers &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;23,858&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;25,116&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Land &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,022&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,022&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Buildings &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,855&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;2,252&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Vehicles &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,412&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,197&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Leasehold improvements &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;3,088&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;3,099&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;80,182&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;81,677&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Less &amp;#150; accumulated depreciation and amortization (**) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;(48,274&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;(49,131&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;31,908&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;32,546&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;div align="right"&gt;
&lt;table width="88%" cellpadding="0" border="0" cellspacing="0" style="height: 0px; margin-left: 0.1px;"&gt;

&lt;tr&gt;
&lt;td style="width: 0%; text-align: left;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;
&lt;div style="margin-left: 90pt;"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-right: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="padding: 0px; text-indent: 0px; width: 2%; vertical-align: top;" valign="top"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: TOP;"&gt;(*)&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; width: 1%;"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As December 31, 2014 and 2013, an amount of US$ &lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;6.0&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;8&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million is subject to operating lease transactions, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt; &lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="margin-left: 90pt;"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="padding: 0px; text-indent: 0px; width: 2%; vertical-align: top;" valign="top"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(**)&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; width: 1%;"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As at December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;0&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million is subject to operating lease transactions, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.8pt; text-align: justify; text-indent: -22.75pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentTextBlock>
  <us-gaap:FiniteLivedIntangibleAssetsGross id="Tag503" contextRef="C728355" unitRef="USD" decimals="-3">3889000</us-gaap:FiniteLivedIntangibleAssetsGross>
  <itrn:FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairmentCharges id="Tag504" contextRef="C728355" unitRef="USD" decimals="-3">3594000</itrn:FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairmentCharges>
  <us-gaap:FiniteLivedIntangibleAssetsNet id="Tag505" contextRef="C728355" unitRef="USD" decimals="-3">295000</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsNet id="Tag506" contextRef="C728356" unitRef="USD" decimals="-3">555000</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsGross id="Tag507" contextRef="C728357" unitRef="USD" decimals="-3">1181000</us-gaap:FiniteLivedIntangibleAssetsGross>
  <itrn:FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairmentCharges id="Tag508" contextRef="C728357" unitRef="USD" decimals="-3">1049000</itrn:FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairmentCharges>
  <us-gaap:FiniteLivedIntangibleAssetsNet id="Tag509" contextRef="C728357" unitRef="USD" decimals="-3">132000</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsNet id="Tag510" contextRef="C728358" unitRef="USD" decimals="-3">163000</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsGross id="Tag511" contextRef="C728359" unitRef="USD" decimals="-3">5490000</us-gaap:FiniteLivedIntangibleAssetsGross>
  <itrn:FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairmentCharges id="Tag512" contextRef="C728359" unitRef="USD" decimals="-3">5465000</itrn:FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairmentCharges>
  <us-gaap:FiniteLivedIntangibleAssetsNet id="Tag513" contextRef="C728359" unitRef="USD" decimals="-3">25000</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsNet id="Tag514" contextRef="C728360" unitRef="USD" decimals="-3">21000</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsGross id="Tag515" contextRef="C727281" unitRef="USD" decimals="-3">10560000</us-gaap:FiniteLivedIntangibleAssetsGross>
  <itrn:FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairmentCharges id="Tag516" contextRef="C727281" unitRef="USD" decimals="-3">10108000</itrn:FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairmentCharges>
  <us-gaap:FiniteLivedIntangibleAssetsNet id="Tag517" contextRef="C727281" unitRef="USD" decimals="-3">452000</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsNet id="Tag518" contextRef="C727282" unitRef="USD" decimals="-3">739000</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock id="Tag519" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;div style="margin-left: 111pt;"&gt;
&lt;table style="border-collapse: collapse; width: 100%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="14"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-top: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-top: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;December&amp;#160;31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Original&amp;#160;&lt;/strong&gt;&lt;strong&gt;amount&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Accumulated amortization&amp;#160;&lt;/strong&gt;&lt;strong&gt;and&lt;br/&gt;impairment charges&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Unamortized balance&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Unamortized balance&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 52%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; GIS database &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,889&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,594&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;295&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;555&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Brand name &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,181&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,049&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;132&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5,490&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5,465&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;25&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
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&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;10,108&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;739&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

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  <us-gaap:AmortizationOfIntangibleAssets id="Tag520" contextRef="C727286" unitRef="USD" decimals="0">231000</us-gaap:AmortizationOfIntangibleAssets>
  <us-gaap:AmortizationOfIntangibleAssets id="Tag521" contextRef="C727288" unitRef="USD" decimals="0">367000</us-gaap:AmortizationOfIntangibleAssets>
  <us-gaap:AmortizationOfIntangibleAssets id="Tag522" contextRef="C727289" unitRef="USD" decimals="0">703000</us-gaap:AmortizationOfIntangibleAssets>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths id="Tag523" contextRef="C727281" unitRef="USD" decimals="0">170000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo id="Tag524" contextRef="C727281" unitRef="USD" decimals="0">170000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree id="Tag525" contextRef="C727281" unitRef="USD" decimals="0">80000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour id="Tag526" contextRef="C727281" unitRef="USD" decimals="0">20000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive id="Tag527" contextRef="C727281" unitRef="USD" decimals="0">12000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive>
  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag528" contextRef="C727353" unitRef="USD" decimals="0">33500</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag529" contextRef="C753023" unitRef="USD" decimals="0">43000</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:GoodwillTranslationAdjustments id="Tag530" contextRef="C727288" unitRef="USD" decimals="-3">483000</us-gaap:GoodwillTranslationAdjustments>
  <us-gaap:Goodwill id="Tag531" contextRef="C728366" unitRef="USD" decimals="-3">1730000</us-gaap:Goodwill>
  <us-gaap:Goodwill id="Tag532" contextRef="C728367" unitRef="USD" decimals="-3">3703000</us-gaap:Goodwill>
  <us-gaap:GoodwillImpairmentLoss id="Tag533" contextRef="C728368" unitRef="USD" xsi:nil="true" />
  <us-gaap:GoodwillImpairmentLoss id="Tag534" contextRef="C728369" unitRef="USD" decimals="-3">879000</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:IntangibleAssetsDisclosureTextBlock id="Tag535" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 7&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;INTANGIBLE ASSETS, NET&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;A.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/strong&gt;&lt;strong&gt;Intangible assets, net, &lt;/strong&gt;&lt;strong&gt;consist&lt;/strong&gt;&lt;strong&gt; of the following:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="display: block;"&gt;
&lt;div style="margin-left: 111pt;"&gt;
&lt;table style="border-collapse: collapse; width: 100%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="14"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-top: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-top: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;December&amp;#160;31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Original&amp;#160;&lt;/strong&gt;&lt;strong&gt;amount&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Accumulated amortization&amp;#160;&lt;/strong&gt;&lt;strong&gt;and&lt;br/&gt;impairment charges&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Unamortized balance&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Unamortized balance&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 52%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; GIS database &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,889&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,594&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;295&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;555&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Brand name &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,181&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;1,049&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;132&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;163&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5,490&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5,465&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;25&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;21&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
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&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;10,560&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;10,108&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;452&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;739&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -0.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -0.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Amortization of intangible assets amounted to US$&amp;#160;&lt;font&gt;231,000&lt;/font&gt;, US$&amp;#160;&lt;font&gt;367,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;703,000&lt;/font&gt; for the years ended December&amp;#160;31, 2014, 2013 and 2012, respectively.&amp;#160; As of December&amp;#160;31, 2014, the estimated aggregate amortization of intangible assets for the next five years is as follows: 2015 &amp;#150; US$&amp;#160;&lt;font&gt;170,000&lt;/font&gt;; 2016 &amp;#150; US$&amp;#160;&lt;font&gt;170,000&lt;/font&gt;; 2017 &amp;#150; US$&amp;#160;&lt;font&gt;80,000&lt;/font&gt;, 2018 &amp;#150; US$&amp;#160;&lt;font&gt;20,000&lt;/font&gt;, 2019 &amp;#150; US$&amp;#160;&lt;font&gt;12,000&lt;/font&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; text-align: justify; text-indent: -68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;B.&lt;/strong&gt;&amp;#160; &amp;#160; &amp;#160;Due to the deteriorating results of a certain Israeli subsidiary and the current expectation of management for further decrease its anticipated performance, during 2014 and 2013, the Company recorded an impairment charge for its intangible assets which directly relate to the operations of the subsidiary.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In order to determine the fair value of such intangible assets, the Company, based on a valuation performed by the management, with the assistance of a third party appraiser, utilized the "Relief from Royalties" valuation method.&amp;#160; Accordingly, certain assumptions and judgments were made in order to determine the future income from which royalties will be derived from and in order to determine the appropriate rate of royalties and rate of discount.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As a result of the above, the Company recorded in 2014 and 2013, an impairment loss in an amount of US$&amp;#160;&lt;font&gt;33,500&lt;/font&gt;&amp;#160;and US$&amp;#160;&lt;font&gt;1,017,000&lt;/font&gt;, respectively,&amp;#160;with respect to the GIS database and in 2014 and 2013, an amount of US$&amp;#160;&lt;font&gt;9,500&lt;/font&gt;&amp;#160;and US$ &lt;font&gt;511,000&lt;/font&gt;, respectively, with respect to the Brand name totaling an aggregate impairment charge of US$&amp;#160;&lt;font&gt;43,000&lt;/font&gt;&amp;#160;in 2014 (of which related to wireless communications products segment)&amp;#160;&lt;font style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #ffffff;"&gt;and an aggregate impairment charge of US$&amp;#160;&lt;font&gt;1,527,000&lt;/font&gt;&amp;#160;in 2013 (of which US$&amp;#160;&lt;font&gt;661,000&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt; &lt;/font&gt;&lt;/font&gt;related to location based services segment and US$&amp;#160;&lt;font&gt;866,000&lt;/font&gt; is related to wireless communications products segment).&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 90.7pt; text-align: justify; font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The impairment was included in "other expenses, net" (see Note 13).&lt;/font&gt;&lt;/p&gt;

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  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag536" contextRef="C753004" unitRef="USD" decimals="0">1017000</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag537" contextRef="C753005" unitRef="USD" decimals="0">511000</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag538" contextRef="C753024" unitRef="USD" decimals="0">1527000</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag539" contextRef="C753006" unitRef="USD" decimals="0">661000</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag540" contextRef="C753007" unitRef="USD" decimals="0">866000</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:Goodwill id="Tag541" contextRef="C728362" unitRef="USD" decimals="-3">3692000</us-gaap:Goodwill>
  <us-gaap:Goodwill id="Tag542" contextRef="C728363" unitRef="USD" decimals="-3">4351000</us-gaap:Goodwill>
  <us-gaap:Goodwill id="Tag543" contextRef="C727344" unitRef="USD" decimals="-3">8043000</us-gaap:Goodwill>
  <us-gaap:GoodwillImpairmentLoss id="Tag544" contextRef="C728364" unitRef="USD" decimals="-3">2155000</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:GoodwillImpairmentLoss id="Tag545" contextRef="C728365" unitRef="USD" decimals="-3">938000</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:GoodwillImpairmentLoss id="Tag546" contextRef="C727288" unitRef="USD" decimals="-3">3093000</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:GoodwillImpairmentLoss id="Tag547" contextRef="C727286" unitRef="USD" decimals="-3">879000</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:GoodwillTranslationAdjustments id="Tag548" contextRef="C728368" unitRef="USD" decimals="-3">-186000</us-gaap:GoodwillTranslationAdjustments>
  <us-gaap:GoodwillTranslationAdjustments id="Tag549" contextRef="C728369" unitRef="USD" decimals="-3">-327000</us-gaap:GoodwillTranslationAdjustments>
  <us-gaap:GoodwillTranslationAdjustments id="Tag550" contextRef="C727286" unitRef="USD" decimals="-3">-513000</us-gaap:GoodwillTranslationAdjustments>
  <us-gaap:Goodwill id="Tag551" contextRef="C728370" unitRef="USD" decimals="-3">1544000</us-gaap:Goodwill>
  <us-gaap:Goodwill id="Tag552" contextRef="C728371" unitRef="USD" decimals="-3">2497000</us-gaap:Goodwill>
  <us-gaap:GoodwillImpairmentLoss id="Tag553" contextRef="C727306" unitRef="USD" decimals="-5">900000</us-gaap:GoodwillImpairmentLoss>
  <itrn:FairValueAssumptionsTermUsedForProjectedNetCashFlows id="Tag554" contextRef="C727306">P3Y</itrn:FairValueAssumptionsTermUsedForProjectedNetCashFlows>
  <us-gaap:FairValueInputsDiscountRate id="Tag555" contextRef="C727306" unitRef="Pure" decimals="3">0.169</us-gaap:FairValueInputsDiscountRate>
  <us-gaap:FairValueInputsLongTermRevenueGrowthRate id="Tag556" contextRef="C727306" unitRef="Pure" decimals="2">0.00</us-gaap:FairValueInputsLongTermRevenueGrowthRate>
  <us-gaap:GoodwillImpairmentLoss id="Tag557" contextRef="C727310" unitRef="USD" decimals="-5">3100000</us-gaap:GoodwillImpairmentLoss>
  <itrn:FairValueAssumptionsTermUsedForProjectedNetCashFlows id="Tag558" contextRef="C727310">P3Y</itrn:FairValueAssumptionsTermUsedForProjectedNetCashFlows>
  <us-gaap:FairValueInputsDiscountRate id="Tag559" contextRef="C727310" unitRef="Pure" decimals="3">0.175</us-gaap:FairValueInputsDiscountRate>
  <us-gaap:FairValueInputsLongTermRevenueGrowthRate id="Tag560" contextRef="C727310" unitRef="Pure" decimals="2">0.00</us-gaap:FairValueInputsLongTermRevenueGrowthRate>
  <us-gaap:GoodwillImpairedAccumulatedImpairmentLoss id="Tag561" contextRef="C727344" unitRef="USD" decimals="0">2452000</us-gaap:GoodwillImpairedAccumulatedImpairmentLoss>
  <us-gaap:GoodwillImpairedAccumulatedImpairmentLoss id="Tag562" contextRef="C727282" unitRef="USD" decimals="0">5545000</us-gaap:GoodwillImpairedAccumulatedImpairmentLoss>
  <us-gaap:GoodwillImpairedAccumulatedImpairmentLoss id="Tag563" contextRef="C727281" unitRef="USD" decimals="0">6424000</us-gaap:GoodwillImpairedAccumulatedImpairmentLoss>
  <us-gaap:GoodwillImpairmentLoss id="Tag564" contextRef="C727289" unitRef="USD" decimals="0">672000</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:AccruedLiabilitiesCurrent id="Tag565" contextRef="C727281" unitRef="USD" decimals="-3">7919000</us-gaap:AccruedLiabilitiesCurrent>
  <us-gaap:AccruedLiabilitiesCurrent id="Tag566" contextRef="C727282" unitRef="USD" decimals="-3">13620000</us-gaap:AccruedLiabilitiesCurrent>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent id="Tag567" contextRef="C727281" unitRef="USD" decimals="-3">5692000</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent id="Tag568" contextRef="C727282" unitRef="USD" decimals="-3">4597000</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:GoodwillDisclosureTextBlock id="Tag569" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 8&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;GOODWILL&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; orphans: 0; text-align: justify; text-indent: -25pt; widows: 0; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;A.&lt;/strong&gt;&lt;font style="font-weight: normal;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-weight: normal;"&gt;The changes in the carrying amount of goodwill for the years ended December&lt;/font&gt;&lt;font style="font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-weight: normal;"&gt;31, 201&lt;/font&gt;&lt;font style="font-weight: normal;"&gt;4&lt;/font&gt;&lt;font style="font-weight: normal;"&gt; and 201&lt;/font&gt;&lt;font style="font-weight: normal;"&gt;3&lt;/font&gt;&lt;font style="font-weight: normal;"&gt; are as follows:&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="display: block;" align="right"&gt;
&lt;div style="margin-left: 112pt;"&gt;
&lt;div class="CursorPointer"&gt;
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&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Location&amp;#160;&lt;/strong&gt;&lt;strong&gt;b&lt;/strong&gt;&lt;strong&gt;ased &lt;/strong&gt;&lt;strong&gt;s&lt;/strong&gt;&lt;strong&gt;ervices&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Wireless&lt;br/&gt;&lt;/strong&gt;&lt;strong&gt;c&lt;/strong&gt;&lt;strong&gt;ommunications&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;p&lt;/strong&gt;&lt;strong&gt;roducts&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Balance as of January 1, 2013 (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,692&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,351&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,043&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Changes during &lt;/strong&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;strong&gt;:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Impairment (see B. below) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(2,155&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(938&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(3,093&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;193&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;290&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;483&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Balance as of December 31, 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,730&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,703&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,433&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Changes during 2014:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Impairment (See B. below) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;-&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(879&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(879&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(186&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(327&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(513&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Balance as of December 31, 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,544&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,497&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,041&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="margin-left: 88pt;"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 0.1px;"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: top; width: 3%;" valign="top"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: -30.2666664123535px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;(*)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The accumulated amount of impairment loss as of January 1, 2013, December 31, 2013 and December 31, 2014 was US$&amp;#160;&lt;font&gt;2,452,000&lt;/font&gt;, US$&amp;#160;&lt;font&gt;5,545,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;6,424,000&lt;/font&gt;, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div style="margin-left: 68pt;"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: top; width: 3%;" valign="top"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: -30.2666664123535px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #fffff0;"&gt;B.&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="margin-top: 0pt; margin-bottom: 0pt; width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;During 2014, 2013 and 2012, the Company recorded an amount of US$&amp;#160;&lt;font&gt;879,000&lt;/font&gt; US$&amp;#160;&lt;font&gt;3,093,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;672,000&lt;/font&gt;, respectively, as impairment with respect to goodwill.&lt;/font&gt;&lt;/div&gt;
&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The impairment amount was included in "other expenses, net".&amp;#160; See Note 13.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company performed its annual impairment test as of December&amp;#160;31, 2014 and recorded goodwill impairment in the total amount of US$&amp;#160;&lt;font&gt;0.9&lt;/font&gt; million in connection with certain reporting unit which is a part of&amp;#160;the Wireless communications products segment and operates in the internet portal in the field of local travel and recreation.&amp;#160; The impairment was recorded primarily due to a significant decline in current and future forecasted revenues and profitability margins of the GIS services offered by an Israeli subsidiary resulting from the continued weakness in the cellular industry in Israel that has suffered from recent regulatory changes and also the continuing popularity of navigation applications and tools developed by competitors which are offered for no charge. The impairment was based on valuation performed by the management using the assistance of a third party appraiser in accordance with the income approach.&amp;#160; The significant&amp;#160;assumptions used for the assessment were &lt;font&gt;3&lt;/font&gt; years of projected net cash flows, a discount rate of &lt;font&gt;16.9&lt;/font&gt;% and a long-term growth rate of &lt;font&gt;0&lt;/font&gt;% (See Note&amp;#160;1W regarding fair value measurements).&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;The Company performed its annual impairment test as of December&amp;#160;31, 2013 and recorded goodwill impairment in the total amount of&amp;#160;&lt;/font&gt;US$&amp;#160;&lt;font&gt;3.1&lt;/font&gt; &lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;million in connection with three reporting units within the Location based services segment operating in the internet portal in the field of local travel and recreation.&amp;#160;&amp;#160;The impairment was based on valuation performed by the management using the assistance of a third party appraiser in accordance with the income approach.&amp;#160;&amp;#160;The significant assumptions used for the assessment were&lt;/font&gt;&amp;#160;&lt;font&gt;3&lt;/font&gt; &lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;years of projected net cash flows, a discount rate of&lt;/font&gt;&amp;#160;&amp;#160;&lt;font&gt;17.5&lt;/font&gt;% &lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;and a long-term growth rate of&lt;/font&gt;&amp;#160;&lt;font&gt;0&lt;/font&gt;% (&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;See Note&amp;#160;1W regarding fair value measurements&lt;/font&gt;).&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 90.7pt; text-align: justify; font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;See also Note 1O.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:GoodwillDisclosureTextBlock>
  <us-gaap:ScheduleOfGoodwillTextBlock id="Tag570" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;" align="right"&gt;
&lt;div style="margin-left: 112pt;"&gt;
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&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Location&amp;#160;&lt;/strong&gt;&lt;strong&gt;b&lt;/strong&gt;&lt;strong&gt;ased &lt;/strong&gt;&lt;strong&gt;s&lt;/strong&gt;&lt;strong&gt;ervices&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Wireless&lt;br/&gt;&lt;/strong&gt;&lt;strong&gt;c&lt;/strong&gt;&lt;strong&gt;ommunications&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;p&lt;/strong&gt;&lt;strong&gt;roducts&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Balance as of January 1, 2013 (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,692&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,351&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,043&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Changes during &lt;/strong&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;strong&gt;:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Impairment (see B. below) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(2,155&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(938&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(3,093&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;193&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;290&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;483&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Balance as of December 31, 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,730&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,703&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,433&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Changes during 2014:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Impairment (See B. below) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;-&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(879&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(879&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(186&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(327&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(513&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Balance as of December 31, 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,544&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,497&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,041&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="margin-left: 88pt;"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 0.1px;"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: top; width: 3%;" valign="top"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: -30.2666664123535px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;(*)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The accumulated amount of impairment loss as of January 1, 2013, December 31, 2013 and December 31, 2014 was US$&amp;#160;&lt;font&gt;2,452,000&lt;/font&gt;, US$&amp;#160;&lt;font&gt;5,545,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;6,424,000&lt;/font&gt;, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfGoodwillTextBlock>
  <us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity id="Tag571" contextRef="C727281" unitRef="USD" decimals="-5">500000</us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
  <us-gaap:DebtDisclosureTextBlock id="Tag572" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 9&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;CREDIT FROM BANKING INSTITUTIONS&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Lines of credit&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Unutilized short-term lines of credit of the Group as of December&amp;#160;31, 2014, aggregated to US$&amp;#160;&lt;font&gt;0.5&lt;/font&gt; million.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:DebtDisclosureTextBlock>
  <itrn:CurrentLiabilityGovernmentInstitutions id="Tag573" contextRef="C727281" unitRef="USD" decimals="-3">6009000</itrn:CurrentLiabilityGovernmentInstitutions>
  <itrn:CurrentLiabilityGovernmentInstitutions id="Tag574" contextRef="C727282" unitRef="USD" decimals="-3">7524000</itrn:CurrentLiabilityGovernmentInstitutions>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag575" contextRef="C727281" unitRef="USD" decimals="-3">98000</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag576" contextRef="C727282" unitRef="USD" decimals="-3">133000</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DividendsPayableCurrent id="Tag577" contextRef="C727281" unitRef="USD" decimals="-3">4639000</us-gaap:DividendsPayableCurrent>
  <us-gaap:DividendsPayableCurrent id="Tag578" contextRef="C727282" unitRef="USD" decimals="-3">3616000</us-gaap:DividendsPayableCurrent>
  <us-gaap:OtherSundryLiabilitiesCurrent id="Tag579" contextRef="C727281" unitRef="USD" decimals="-3">896000</us-gaap:OtherSundryLiabilitiesCurrent>
  <us-gaap:OtherSundryLiabilitiesCurrent id="Tag580" contextRef="C727282" unitRef="USD" decimals="-3">786000</us-gaap:OtherSundryLiabilitiesCurrent>
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  <us-gaap:OtherLiabilitiesDisclosureTextBlock id="Tag582" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 10&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;OTHER CURRENT LIABILITIES&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Composition:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div align="center"&gt;
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&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-top: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 76%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Accrued expenses (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;7,919&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;13,620&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Accrued payroll and related taxes&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5,692&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;4,597&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Government institutions &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;6,009&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;7,524&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Related party &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;98&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;133&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Accrued dividend&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;4,639&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,616&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;896&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;786&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;25,253&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;30,276&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;div style=" margin-left: 67pt;
"&gt;
&lt;table width="100%" border="0" cellspacing="0" style="margin-left: 0.1px;"&gt;

&lt;tr&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;(*)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As of December 31, 2013 includes approximately US&amp;#160;$&lt;font&gt;5&lt;/font&gt; million, regarding the legal fees resulting from the claim described in Note 11A3.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:OtherLiabilitiesDisclosureTextBlock>
  <us-gaap:InterestExpenseLongTermDebt id="Tag583" contextRef="C727288" unitRef="USD" decimals="-3">4000</us-gaap:InterestExpenseLongTermDebt>
  <us-gaap:InterestExpenseLongTermDebt id="Tag584" contextRef="C727289" unitRef="USD" decimals="-3">8000</us-gaap:InterestExpenseLongTermDebt>
  <us-gaap:InterestIncomeDepositsWithFinancialInstitutions id="Tag585" contextRef="C727286" unitRef="USD" decimals="-3">982000</us-gaap:InterestIncomeDepositsWithFinancialInstitutions>
  <us-gaap:InterestIncomeDepositsWithFinancialInstitutions id="Tag586" contextRef="C727288" unitRef="USD" decimals="-3">1998000</us-gaap:InterestIncomeDepositsWithFinancialInstitutions>
  <us-gaap:ScheduleOfAccruedLiabilitiesTableTextBlock id="Tag587" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;div style="display: block;"&gt;
&lt;div align="right"&gt;
&lt;div class="CursorPointer"&gt;
&lt;div style=" margin-left: 88pt;
"&gt;
&lt;table style="border-collapse: collapse; margin-left: 0.1px;" cellspacing="0" cellpadding="0" width="100%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-top: #000000 1pt solid !important; font-family: 'Times New Roman';" colspan="6"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 76%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Accrued expenses (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;7,919&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 9%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;13,620&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Accrued payroll and related taxes&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5,692&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;4,597&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Government institutions &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;6,009&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;7,524&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Related party &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;98&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;133&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Accrued dividend&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;4,639&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3,616&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;896&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;786&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;25,253&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 3px; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;30,276&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;div style=" margin-left: 67pt;
"&gt;
&lt;table width="100%" border="0" cellspacing="0" style="margin-left: 0.1px;"&gt;

&lt;tr&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;(*)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As of December 31, 2013 includes approximately US&amp;#160;$&lt;font&gt;5&lt;/font&gt; million, regarding the legal fees resulting from the claim described in Note 11A3.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfAccruedLiabilitiesTableTextBlock>
  <itrn:TreasuryStockAsPercentageOfOutstandingStock id="Tag588" contextRef="C727286" unitRef="Pure" decimals="3">0.107</itrn:TreasuryStockAsPercentageOfOutstandingStock>
  <itrn:DividendRateAsPercentageOfNetProfits id="Tag589" contextRef="C728608" unitRef="Pure" decimals="2">0.50</itrn:DividendRateAsPercentageOfNetProfits>
  <us-gaap:DividendsCommonStockCash id="Tag590" contextRef="C728609" unitRef="USD" decimals="-5">36100000</us-gaap:DividendsCommonStockCash>
  <us-gaap:DividendsCommonStockCash id="Tag591" contextRef="C728609" unitRef="ILS" decimals="-5">135400000</us-gaap:DividendsCommonStockCash>
  <us-gaap:DividendsCommonStockCash id="Tag592" contextRef="C728610" unitRef="USD" decimals="-5">17200000</us-gaap:DividendsCommonStockCash>
  <us-gaap:DividendsCommonStockCash id="Tag593" contextRef="C728610" unitRef="ILS" decimals="-5">61100000</us-gaap:DividendsCommonStockCash>
  <us-gaap:DividendsCommonStockCash id="Tag594" contextRef="C728611" unitRef="USD" decimals="-5">20500000</us-gaap:DividendsCommonStockCash>
  <us-gaap:DividendsCommonStockCash id="Tag595" contextRef="C728611" unitRef="ILS" decimals="-5">72400000</us-gaap:DividendsCommonStockCash>
  <us-gaap:DividendsCommonStockCash id="Tag596" contextRef="C728483" unitRef="USD" decimals="-6">7000000</us-gaap:DividendsCommonStockCash>
  <us-gaap:DividendsCommonStockCash id="Tag597" contextRef="C728483" unitRef="ILS" decimals="-5">27300000</us-gaap:DividendsCommonStockCash>
  <us-gaap:InterestIncomeDepositsWithFinancialInstitutions id="Tag598" contextRef="C727289" unitRef="USD" decimals="-3">1770000</us-gaap:InterestIncomeDepositsWithFinancialInstitutions>
  <itrn:FinancingIncomeExpenseExchangeRateAndOthers id="Tag599" contextRef="C727286" unitRef="USD" decimals="-3">280000</itrn:FinancingIncomeExpenseExchangeRateAndOthers>
  <itrn:FinancingIncomeExpenseExchangeRateAndOthers id="Tag600" contextRef="C727288" unitRef="USD" decimals="-3">-555000</itrn:FinancingIncomeExpenseExchangeRateAndOthers>
  <us-gaap:StockholdersEquityNoteDisclosureTextBlock id="Tag601" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; line-height: 100%; margin: 0pt 0pt 0pt 68.05pt; text-align: justify; text-indent: -68.05pt; font-family: 'times new roman'; margin-bottom: 0px; margin-top: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;NOTE &lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;12&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;STOCKHOLDERS' EQUITY&lt;br/&gt;&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 100%; margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;A.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Share capital&lt;br/&gt;&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 113.45pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Composition:&lt;/font&gt;&lt;/p&gt;
&lt;div style="display: block;"&gt;
&lt;div align="right"&gt;
&lt;div class="CursorPointer"&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; height: 58px; width: 84%; margin-left: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"&gt;December 31, 2013 and 2012&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Registered&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Issued&amp;#160;and&amp;#160;fully&amp;#160;paid&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff; line-height: 0pt;"&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; text-indent: 0px; vertical-align: middle; width: 70%; background-color: #cceeff;" valign="bottom"&gt;
&lt;p style="margin: 0px; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Ordinary&amp;#160;shares&amp;#160;of&amp;#160;NIS&amp;#160;0.33&amp;#8531;&amp;#160;each&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; vertical-align: bottom; width: 0%; background-color: #cceeff;" align="center" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding: 0px; text-align: center; font-family: 'Times New Roman'; vertical-align: middle; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 15%; background-color: #cceeff;" valign="bottom"&gt;
&lt;p style="/* margin: 6pt 0pt 0pt; */ font-family: 'times new roman'; text-align: right; margin-bottom: 0px; margin-top: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;60,000,000&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; width: 0%; background-color: #cceeff;" align="center" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding: 0px; text-align: center; font-family: 'Times New Roman'; vertical-align: middle; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 15%; background-color: #cceeff;" valign="bottom"&gt;
&lt;p style="/* margin: 6pt 0pt 0pt; */ font-family: 'times new roman'; text-align: right; margin-bottom: 0px; margin-top: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;23,475,431&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; width: 0%; background-color: #cceeff;" align="center"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 6pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Since May&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1998, the Company has been trading its shares on the Tel-Aviv Stock Exchange (&amp;#147;TASE&amp;#148;).&amp;#160; On September&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2005, the Company registered its Ordinary shares for trade in the United States.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Ordinary shares of the Company confer upon their holders the right to receive notice to participate and vote in general meetings of the Company and the right to receive dividends, if and when, declared.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2014&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2013 &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2012&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2,507,3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; ordinary shares representing &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;10.7&lt;/font&gt;% of the share capital of the Company is held by the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Group&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; as treasury shares&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Shares &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;of the Company &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;held by the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Group&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; have no voting rights.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;br style="page-break-before: always; clear: both;"/&gt;&lt;/p&gt;

&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;B.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Retained earnings&lt;br/&gt;&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In determining the amount of retained earnings available for distribution as a dividend, the Israeli Companies Law stipulates that the cost of the Company's shares acquired by the Company and its subsidiaries (presented as a separate item in the statement of changes in equity) must be deducted from the amount of retained earnings.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On February 21, 2012, the board of directors of the Company revised its dividend policy so that dividends will be declared and distributed on a quarterly basis in an amount not less than &lt;font&gt;50&lt;/font&gt;% of &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;its &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;net profits, calculated on the basis of the interim financial statements.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Dividends are declared and paid in NIS. Dividends paid to stockholders outside Israel &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;are&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; converted into dollars on the basis of the exchange rate prevailing at the date of declaration.&amp;#160; See also B1, above.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2012&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, the Company declared dividend&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s totaling an amount of approximately &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;36.1&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million (NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;135.4&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million).&amp;#160; The&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;se&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; dividend&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s were &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;paid &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;during 2012 and January 2013&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2013, the Company declared dividend&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s totaling an &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;amount of approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;17.2&lt;/font&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million (NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;61.1&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million).&amp;#160; The&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;se&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; dividend&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s were&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; paid &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;during 2013 and January 2014&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;6&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2014, the Company declared dividend&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;totaling an&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; amount of approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;20.5&lt;/font&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million (NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;72.4&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million).&amp;#160; The&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;se&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; dividend&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s were&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; paid &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;during &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2014&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and January 2015&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;7&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In February 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, the Company declared a dividend in the amount of US&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;0.3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; dollar per share, totaling approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;7&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million (NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;27.3&lt;/font&gt; million).&amp;#160; The dividend was paid in &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;April 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
  <us-gaap:CommonStockParOrStatedValuePerShare id="Tag602" contextRef="C727344" unitRef="ILSPerShare" decimals="INF">0.3333</us-gaap:CommonStockParOrStatedValuePerShare>
  <us-gaap:CommonStockSharesAuthorized id="Tag603" contextRef="C727344" unitRef="Shares" decimals="INF">60000000</us-gaap:CommonStockSharesAuthorized>
  <us-gaap:CommonStockSharesOutstanding id="Tag604" contextRef="C727344" unitRef="Shares" decimals="INF">23475431</us-gaap:CommonStockSharesOutstanding>
  <itrn:TreasuryStockAsPercentageOfOutstandingStock id="Tag605" contextRef="C727288" unitRef="Pure" decimals="3">0.107</itrn:TreasuryStockAsPercentageOfOutstandingStock>
  <itrn:TreasuryStockAsPercentageOfOutstandingStock id="Tag606" contextRef="C727289" unitRef="Pure" decimals="3">0.107</itrn:TreasuryStockAsPercentageOfOutstandingStock>
  <us-gaap:TreasuryStockSharesAcquired id="Tag607" contextRef="C727288" unitRef="Shares" decimals="INF">2507314</us-gaap:TreasuryStockSharesAcquired>
  <us-gaap:TreasuryStockSharesAcquired id="Tag608" contextRef="C727289" unitRef="Shares" decimals="INF">2507314</us-gaap:TreasuryStockSharesAcquired>
  <us-gaap:TreasuryStockSharesAcquired id="Tag609" contextRef="C727286" unitRef="Shares" decimals="INF">2507314</us-gaap:TreasuryStockSharesAcquired>
  <us-gaap:DividendsPayableAmountPerShare id="Tag610" contextRef="C728484" unitRef="USDPerShare" decimals="2">0.33</us-gaap:DividendsPayableAmountPerShare>
  <us-gaap:ScheduleOfStockByClassTextBlock id="Tag611" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; height: 58px; width: 84%; margin-left: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding: 0px; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"&gt;December 31, 2013 and 2012&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Registered&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Issued&amp;#160;and&amp;#160;fully&amp;#160;paid&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff; line-height: 0pt;"&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; text-indent: 0px; vertical-align: middle; width: 70%; background-color: #cceeff;" valign="bottom"&gt;
&lt;p style="margin: 0px; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Ordinary&amp;#160;shares&amp;#160;of&amp;#160;NIS&amp;#160;0.33&amp;#8531;&amp;#160;each&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; vertical-align: bottom; width: 0%; background-color: #cceeff;" align="center" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding: 0px; text-align: center; font-family: 'Times New Roman'; vertical-align: middle; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 15%; background-color: #cceeff;" valign="bottom"&gt;
&lt;p style="/* margin: 6pt 0pt 0pt; */ font-family: 'times new roman'; text-align: right; margin-bottom: 0px; margin-top: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;60,000,000&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; width: 0%; background-color: #cceeff;" align="center" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding: 0px; text-align: center; font-family: 'Times New Roman'; vertical-align: middle; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 15%; background-color: #cceeff;" valign="bottom"&gt;
&lt;p style="/* margin: 6pt 0pt 0pt; */ font-family: 'times new roman'; text-align: right; margin-bottom: 0px; margin-top: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;23,475,431&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; width: 0%; background-color: #cceeff;" align="center"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfStockByClassTextBlock>
  <us-gaap:DividendsPayableDateToBePaidMonthAndYear id="Tag612" contextRef="C728484">2015-04</us-gaap:DividendsPayableDateToBePaidMonthAndYear>
  <itrn:AdjustmentToPurchasePriceFromSaleOfSubsidiary id="Tag613" contextRef="C727286" unitRef="USD" xsi:nil="true" />
  <itrn:AdjustmentToPurchasePriceFromSaleOfSubsidiary id="Tag614" contextRef="C727288" unitRef="USD" decimals="-3">-200000</itrn:AdjustmentToPurchasePriceFromSaleOfSubsidiary>
  <itrn:AdjustmentToPurchasePriceFromSaleOfSubsidiary id="Tag615" contextRef="C727289" unitRef="USD" xsi:nil="true" />
  <us-gaap:GoodwillAndIntangibleAssetImpairment id="Tag616" contextRef="C727286" unitRef="USD" decimals="-3">922000</us-gaap:GoodwillAndIntangibleAssetImpairment>
  <us-gaap:GoodwillAndIntangibleAssetImpairment id="Tag617" contextRef="C727288" unitRef="USD" decimals="-3">4620000</us-gaap:GoodwillAndIntangibleAssetImpairment>
  <us-gaap:GoodwillAndIntangibleAssetImpairment id="Tag618" contextRef="C727289" unitRef="USD" decimals="-3">672000</us-gaap:GoodwillAndIntangibleAssetImpairment>
  <itrn:WriteOffOfAccountReceivableInRespectOfSaleOfSubsidiaryInterest id="Tag619" contextRef="C727286" unitRef="USD" xsi:nil="true" />
  <itrn:WriteOffOfAccountReceivableInRespectOfSaleOfSubsidiaryInterest id="Tag620" contextRef="C727288" unitRef="USD" xsi:nil="true" />
  <itrn:WriteOffOfAccountReceivableInRespectOfSaleOfSubsidiaryInterest id="Tag621" contextRef="C727289" unitRef="USD" decimals="-3">484000</itrn:WriteOffOfAccountReceivableInRespectOfSaleOfSubsidiaryInterest>
  <itrn:SundryIncomeExpenseNet id="Tag622" contextRef="C727286" unitRef="USD" decimals="-3">66000</itrn:SundryIncomeExpenseNet>
  <itrn:SundryIncomeExpenseNet id="Tag623" contextRef="C727288" unitRef="USD" decimals="-3">60000</itrn:SundryIncomeExpenseNet>
  <itrn:SundryIncomeExpenseNet id="Tag624" contextRef="C727289" unitRef="USD" decimals="-3">-461000</itrn:SundryIncomeExpenseNet>
  <us-gaap:ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates id="Tag625" contextRef="C728361" unitRef="USD" decimals="-5">300000</us-gaap:ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates>
  <itrn:OtherExpenseDebtWriteOff id="Tag626" contextRef="C728361" unitRef="USD" decimals="-5">500000</itrn:OtherExpenseDebtWriteOff>
  <itrn:FinancingIncomeExpenseExchangeRateAndOthers id="Tag627" contextRef="C727289" unitRef="USD" decimals="-3">96000</itrn:FinancingIncomeExpenseExchangeRateAndOthers>
  <us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock id="Tag628" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; text-align: justify; text-indent: -68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;NOTE &lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;13&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;OTHER EXPENSES, NET&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div align="center"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 90%; margin-right: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Adjustment of purchase price of subsidiary sold (1) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;200&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Impairment of goodwill and intangible assets (2) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;922&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;4,620&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;672&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Write-off of account receivable in respect of sale of subsidiary (3) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;484&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(66&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(60&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;461&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;856&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,760&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,617&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table width="92%" cellpadding="0" border="0" cellspacing="0" style="margin-right: 0px;"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: top; width: 4%;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 20px; orphans: auto; text-align: justify; /* text-indent: -37.7999992370606px; */ text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; /* background-color: #fffff0;"&gt;(1)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 96%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;See Note 1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;A1.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table width="92%" cellpadding="0" border="0" cellspacing="0" style="margin-right: 0px;"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; vertical-align: top;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 96%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;See Note &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;7 and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;8.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table width="92%" cellpadding="0" border="0" cellspacing="0" style="margin-right: 0px;"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; vertical-align: top;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 96%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During April 2012, the Company sold its entire holding in the subsidiary Ituran Cellular Communication Ltd. for US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;0.3&lt;/font&gt; million&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; in cash and for an additional amount of approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;0.5&lt;/font&gt; million&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; that was required to be paid soon thereafter.&amp;#160; However, during late 2012, the acquirer entered into liquidation proceedings by its creditors and therefore due to the significant uncertainty regarding the collection of this receivable, the entire amount was written-off.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt; &lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt; &lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/div&gt;</us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock>
  <itrn:ScheduleOfOtherIncomeExpenseNetTableTextBlock id="Tag629" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="center"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 90%; margin-right: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Adjustment of purchase price of subsidiary sold (1) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;200&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Impairment of goodwill and intangible assets (2) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;922&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;4,620&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;672&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Write-off of account receivable in respect of sale of subsidiary (3) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;484&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(66&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(60&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;461&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;856&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,760&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,617&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table width="92%" cellpadding="0" border="0" cellspacing="0" style="margin-right: 0px;"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: top; width: 4%;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 20px; orphans: auto; text-align: justify; /* text-indent: -37.7999992370606px; */ text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; /* background-color: #fffff0;"&gt;(1)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 96%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;See Note 1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;A1.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table width="92%" cellpadding="0" border="0" cellspacing="0" style="margin-right: 0px;"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; vertical-align: top;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 96%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;See Note &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;7 and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;8.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table width="92%" cellpadding="0" border="0" cellspacing="0" style="margin-right: 0px;"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; vertical-align: top;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 96%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During April 2012, the Company sold its entire holding in the subsidiary Ituran Cellular Communication Ltd. for US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;0.3&lt;/font&gt; million&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; in cash and for an additional amount of approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;0.5&lt;/font&gt; million&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; that was required to be paid soon thereafter.&amp;#160; However, during late 2012, the acquirer entered into liquidation proceedings by its creditors and therefore due to the significant uncertainty regarding the collection of this receivable, the entire amount was written-off.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</itrn:ScheduleOfOtherIncomeExpenseNetTableTextBlock>
  <us-gaap:InterestExpenseShortTermBorrowings id="Tag630" contextRef="C727286" unitRef="USD" decimals="-3">-309000</us-gaap:InterestExpenseShortTermBorrowings>
  <us-gaap:InterestExpenseShortTermBorrowings id="Tag631" contextRef="C727288" unitRef="USD" decimals="-3">1201000</us-gaap:InterestExpenseShortTermBorrowings>
  <us-gaap:InterestExpenseShortTermBorrowings id="Tag632" contextRef="C727289" unitRef="USD" decimals="-3">873000</us-gaap:InterestExpenseShortTermBorrowings>
  <us-gaap:MarketableSecuritiesGainLoss id="Tag633" contextRef="C727286" unitRef="USD" decimals="-3">133000</us-gaap:MarketableSecuritiesGainLoss>
  <us-gaap:MarketableSecuritiesGainLoss id="Tag634" contextRef="C727288" unitRef="USD" xsi:nil="true" />
  <us-gaap:MarketableSecuritiesGainLoss id="Tag635" contextRef="C727289" unitRef="USD" decimals="-3">2000</us-gaap:MarketableSecuritiesGainLoss>
  <us-gaap:InterestExpenseLongTermDebt id="Tag636" contextRef="C727286" unitRef="USD" xsi:nil="true" />
  <us-gaap:OtherNonoperatingIncomeAndExpenseTextBlock id="Tag637" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; text-align: justify; text-indent: -68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;NOTE &lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;14&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;FINANCING INCOME, NET&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 90%; margin-right: 0px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font style="font-family: 'Times New Roman';"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font style="font-family: 'Times New Roman';"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;2012&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;p style="/* margin: 0pt 0pt 0pt 11.35pt; */ /* text-indent: -11.35pt; */ font-family: 'times new roman';margin-bottom: 0px;margin-top: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Short-term&amp;#160;interest&amp;#160;expenses,&amp;#160;commissions&amp;#160;and&amp;#160;other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;309&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(1,201&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(873&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Gains&amp;#160;in&amp;#160;respect&amp;#160;of&amp;#160;marketable&amp;#160;securities &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;133&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;2&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Interest&amp;#160;expenses&amp;#160;in&amp;#160;respect&amp;#160;of&amp;#160;long-term&amp;#160;loans &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(4&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(8&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Interest&amp;#160;income&amp;#160;in&amp;#160;respect&amp;#160;of&amp;#160;deposit &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;982&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,998&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,770&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Exchange&amp;#160;rate&amp;#160;differences&amp;#160;and&amp;#160;others,&amp;#160;net &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;280&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(555&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;96&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;1,704&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;238&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;987&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:OtherNonoperatingIncomeAndExpenseTextBlock>
  <us-gaap:ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock id="Tag638" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 90%; margin-right: 0px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font style="font-family: 'Times New Roman';"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="10"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font style="font-family: 'Times New Roman';"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="2"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;2012&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;p style="/* margin: 0pt 0pt 0pt 11.35pt; */ /* text-indent: -11.35pt; */ font-family: 'times new roman';margin-bottom: 0px;margin-top: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Short-term&amp;#160;interest&amp;#160;expenses,&amp;#160;commissions&amp;#160;and&amp;#160;other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;309&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(1,201&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(873&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Gains&amp;#160;in&amp;#160;respect&amp;#160;of&amp;#160;marketable&amp;#160;securities &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;133&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;2&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Interest&amp;#160;expenses&amp;#160;in&amp;#160;respect&amp;#160;of&amp;#160;long-term&amp;#160;loans &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(4&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(8&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Interest&amp;#160;income&amp;#160;in&amp;#160;respect&amp;#160;of&amp;#160;deposit &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;982&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,998&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,770&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Exchange&amp;#160;rate&amp;#160;differences&amp;#160;and&amp;#160;others,&amp;#160;net &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;280&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(555&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;96&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;1,704&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;238&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;987&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock>
  <us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest id="Tag639" contextRef="C727286" unitRef="USD" decimals="-3">30429000</us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest id="Tag640" contextRef="C727288" unitRef="USD" decimals="-3">23762000</us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest id="Tag641" contextRef="C727289" unitRef="USD" decimals="-3">24880000</us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest>
  <itrn:ScheduleOfCalculationOfNumeratorInEarningsPerShareTableTextBlock id="Tag642" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; /* margin-left: 0.100000001490116px; */" cellspacing="0" cellpadding="0" width="90%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 64%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; /* text-indent: -11.35pt; */ font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Net income attributable to stockholder's used for the computation of basic and diluted earnings per share &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;30,429&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;23,762&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;24,880&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</itrn:ScheduleOfCalculationOfNumeratorInEarningsPerShareTableTextBlock>
  <us-gaap:ScheduleOfWeightedAverageNumberOfSharesTableTextBlock id="Tag643" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; /* margin-left: 0.100000001490116px; */" cellspacing="0" cellpadding="0" width="90%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Number of shares&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2011&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 64%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; /* text-indent: -11.35pt; */ font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Weighted average number of shares used in the computation of basic and diluted earnings per share &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,968&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,968&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,968&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfWeightedAverageNumberOfSharesTableTextBlock>
  <us-gaap:EarningsPerShareTextBlock id="Tag644" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td align="right" style="width: 63pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;NOTE 16 - &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;EARNINGS PER SHARE&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 92%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During the periods, there were no potential instruments that could be exercised or converted to ordinary shares. The net income and the weighted average number of shares used in computing basic and diluted earnings per share for the years ended December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, are as follows:&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0pt 0pt 6pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; /* margin-left: 0.100000001490116px; */" cellspacing="0" cellpadding="0" width="90%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 64%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; /* text-indent: -11.35pt; */ font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Net income attributable to stockholder's used for the computation of basic and diluted earnings per share &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;30,429&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;23,762&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;24,880&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; /* margin-left: 0.100000001490116px; */" cellspacing="0" cellpadding="0" width="90%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Number of shares&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2011&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 64%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; /* text-indent: -11.35pt; */ font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Weighted average number of shares used in the computation of basic and diluted earnings per share &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,968&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,968&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 10%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,968&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="margin: 0pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
  <us-gaap:DerivativeAssets id="Tag645" contextRef="C728509" unitRef="USD" decimals="-3">2564000</us-gaap:DerivativeAssets>
  <us-gaap:DerivativeLiabilities id="Tag646" contextRef="C728503" unitRef="USD" decimals="-3">-568000</us-gaap:DerivativeLiabilities>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="Tag647" contextRef="C728537" unitRef="USD" decimals="-3">68000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="Tag648" contextRef="C728538" unitRef="USD" decimals="-3">-295000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <invest:DerivativeNotionalAmount id="Tag649" contextRef="C728541" unitRef="USD" decimals="-5">28500000</invest:DerivativeNotionalAmount>
  <itrn:DerivativeMonthlyNotionalAmount id="Tag650" contextRef="C728541" unitRef="USD" decimals="-5">1500000</itrn:DerivativeMonthlyNotionalAmount>
  <us-gaap:DerivativeTermOfContract id="Tag651" contextRef="C728542">P19M</us-gaap:DerivativeTermOfContract>
  <us-gaap:DerivativeAssets id="Tag652" contextRef="C728544" unitRef="USD" xsi:nil="true" />
  <us-gaap:DerivativeAssets id="Tag653" contextRef="C728545" unitRef="USD" decimals="-3">2564000</us-gaap:DerivativeAssets>
  <us-gaap:DerivativeAssets id="Tag654" contextRef="C728546" unitRef="USD" xsi:nil="true" />
  <us-gaap:DerivativeAssets id="Tag655" contextRef="C728547" unitRef="USD" xsi:nil="true" />
  <us-gaap:DerivativeAssets id="Tag656" contextRef="C728548" unitRef="USD" decimals="-3">568000</us-gaap:DerivativeAssets>
  <us-gaap:DerivativeAssets id="Tag657" contextRef="C728549" unitRef="USD" xsi:nil="true" />
  <dei:CurrentFiscalYearEndDate id="Tag658" contextRef="C727286">--12-31</dei:CurrentFiscalYearEndDate>
  <dei:EntityWellKnownSeasonedIssuer id="Tag659" contextRef="C727286">No</dei:EntityWellKnownSeasonedIssuer>
  <dei:EntityVoluntaryFilers id="Tag660" contextRef="C727286">No</dei:EntityVoluntaryFilers>
  <us-gaap:ConcentrationRiskDisclosureTextBlock id="Tag661" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td align="right" style="width: 63pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;NOTE 19 - &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;A.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Concentrations of credit risks&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="/* margin: 0pt 0pt 6pt 99pt; */ text-align: justify; /* text-indent: -22.7pt; */ font-family: 'times new roman'; margin-left: 90.75pt; margin-top: 0px; margin-bottom: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents, accounts receivables, derivatives and deposits in escrow.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="/* margin: 0pt 0pt 6pt 99pt; */ text-align: justify; /* text-indent: -22.7pt; */ font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px; margin-left: 90.75pt;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Most of the Group's cash and cash equivalents, deposits in short-term investments (&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;investments in trading marketable securities), as of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;and 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, were deposited with major banks&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; (mostly in Israel)&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;. The Company is of the opinion that the credit risk in respect of these balances is immaterial.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Most of the Group's sales are made in Israel, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Brazil, Argentina&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and the United States, to a large number of customers, including insurance companies.&amp;#160; Management periodically evaluates the collectability of the trade receivables to determine the amounts that are doubtful of collection and determine a proper allowance for doubtful accounts.&amp;#160; Accordingly, the Group's trade receivables do not represent a substantial concentration of credit risk.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;B.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Foreign exchange risk management&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Group operates internationally, which gives rise to exposure to market risks mainly from changes in exchange rates of foreign currencies in relation to the functional currency of each of the entities of the Group.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 101.3px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 101.3px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; 2013 and&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, the Company enter&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ed&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; into foreign currency forward transactions in order to protect itself against the risk that the eventual cash flows resulting from anticipated transactions (mainly purchases of inventory), denominated in currencies other than the functional currency, will be affected by changes in exchange rates.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; 2013 and&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, all the financial derivatives&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; were designated and accounted &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;for &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;as hedging instruments.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The following table summarizes a tabular disclosure of (a) fair values of derivative instruments in the balance sheets and (b) the effect of derivative instruments in the statements of income:&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="/* margin: 0pt 0pt 6pt 99pt; */ text-align: justify; font-family: 'times new roman'; margin-left: 90pt; margin-top: 0px; margin-bottom: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Fair values of derivative instruments:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table style="border-collapse: collapse; width: 60%; margin-left: 120px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Asset derivatives&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;As of December 31, 2014&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Thousands of US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Balance&amp;#160;sheet&lt;br/&gt;location&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Fair&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;value&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives&amp;#160;designated&amp;#160;as&amp;#160;hedging&amp;#160;instruments: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 68%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Foreign&amp;#160;exchange&amp;#160;contracts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 14%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other&amp;#160;Assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 2%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 14%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;2,564&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;div align="left"&gt;
&lt;table style="border-collapse: collapse; width: 60%; margin-left: 120px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Liability derivatives&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As of December 31, 2013&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;Thousands of US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Balance&amp;#160;sheet&lt;br/&gt;location&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Fair&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;value&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives&amp;#160;designated&amp;#160;as&amp;#160;hedging&amp;#160;instruments: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 68%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Foreign&amp;#160;exchange&amp;#160;contracts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 14%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Other&amp;#160;liabilities&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 2%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 14%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;(568&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: middle; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;)&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Amounts reclassified to statement of income:&lt;/font&gt;&lt;/div&gt;
&lt;div class="CursorPointer" align="left"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 86%; /* margin-left: 110pt;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; /* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Derivatives&amp;#160;designated&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;as&amp;#160;hedging&amp;#160;instruments&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; /* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Location&amp;#160;of&amp;#160;loss&lt;br/&gt;recognized&amp;#160;in&amp;#160;income&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; /* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Amount&amp;#160;of&amp;#160;gain&lt;br/&gt;recognized&amp;#160;in&amp;#160;income&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31, &lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; /* border-bottom-width: 1pt !important; */ /* border-bottom-style: solid !important; */ /* border-bottom-color: #000000 !important; */"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Thousands&amp;#160;of&amp;#160;US&amp;#160;dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* border-top-color: #000000; */ /* border-top-style: solid; */ /* border-top-width: 1pt; */ padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 72%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Foreign&amp;#160;exchange&amp;#160;contracts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; width: 12%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Cost of revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 12%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;68&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer" align="left"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 86%; /* margin-left: 110pt;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Derivatives designated&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;as hedging instruments&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Location&amp;#160;of&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;loss&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;recognized&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;in&amp;#160;income &lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="4" align="center"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Amount&amp;#160;of&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;loss&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;recognized&amp;#160;in&amp;#160;income&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year&amp;#160;ended&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December&amp;#160;31,&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: center; font-family: 'times new roman'; padding: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; /* border-bottom-width: 1pt !important; */ /* border-bottom-style: solid !important; */ /* border-bottom-color: #000000 !important; */" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: center; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="4" align="center"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Thousands&amp;#160;of&amp;#160;US&amp;#160;dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; /* border-top: #000000 1pt solid !important; */ padding: 0px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" colspan="4" align="center"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 72%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Foreign&amp;#160;exchange&amp;#160;contracts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 12%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Cost of revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 12%; background-color: #cceeff;" align="right" colspan="4"&gt;&lt;font&gt;(295&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 2.85pt; vertical-align: middle; text-align: center; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;)&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As of December 31, 2013&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and 2014&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, the notional amount of forward exchange contracts with respect to cash flow hedge of anticipated transactions amounted to US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;28.5&lt;/font&gt; million (US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;1.5&lt;/font&gt; million per month for the next &lt;font&gt;19&lt;/font&gt; months).&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;br style="page-break-before: always; clear: both;"/&gt;&lt;/p&gt;

&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;C.&amp;#160;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Fair value of financial instruments&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Company measures fair value and discloses fair value measurements for financial assets and liabilities. Fair value is an exit price, representing the amount that would be received to sell an asset or the amount that would be paid to transfer a liability in an orderly transaction between market participants.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Company measured cash equivalents and derivative financial instruments at fair value.&amp;#160; Such financial instruments are measured at fair value, on a recurring basis.&amp;#160; The measurement of cash equivalents are classified within Level 1.&amp;#160; The fair value of derivatives generally reflects the estimated amounts that the Company would receive or pay to terminate the contracts at the reporting dates, based on the prevailing currency prices and the relevant interest rates.&amp;#160; Such measurement is classified within Level 2.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The fair value of the financial instruments included in the working capital of the Group (cash and cash equivalents, deposit in escrow, accounts receivable, accounts payable and other current assets and liabilities) approximates their carrying value, due to the short-term maturity of such instruments.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;See also Note 1W.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90.75pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Company's financial assets measured at fair value on a recurring basis, consisted of the following types of instruments&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;as of December 31, 2014&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;:&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;div style="display: block;"&gt;
&lt;div class="CursorPointer" align="left"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; /* margin-left: 100px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31, &lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 1&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 2&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 3&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 55%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 20.7pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives designated as hedging instruments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;2,564&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;div style="display: block;"&gt;
&lt;div class="CursorPointer" align="left"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; /* margin-left: 100px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31, 2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 1&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 2&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 3&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 55%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 20.7pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives designated as hedging instruments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;568&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
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  <dei:EntityCurrentReportingStatus id="Tag662" contextRef="C727286">Yes</dei:EntityCurrentReportingStatus>
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  <us-gaap:ScheduleOfDerivativeInstrumentsTextBlock id="Tag673" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="/* margin: 0pt 0pt 6pt 99pt; */ text-align: justify; font-family: 'times new roman'; margin-left: 90pt; margin-top: 0px; margin-bottom: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Fair values of derivative instruments:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table style="border-collapse: collapse; width: 60%; margin-left: 120px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Asset derivatives&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;As of December 31, 2014&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Thousands of US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Balance&amp;#160;sheet&lt;br/&gt;location&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Fair&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;value&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives&amp;#160;designated&amp;#160;as&amp;#160;hedging&amp;#160;instruments: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 68%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Foreign&amp;#160;exchange&amp;#160;contracts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 14%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other&amp;#160;Assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 2%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 14%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;2,564&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;div align="left"&gt;
&lt;table style="border-collapse: collapse; width: 60%; margin-left: 120px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Liability derivatives&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As of December 31, 2013&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;Thousands of US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Balance&amp;#160;sheet&lt;br/&gt;location&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Fair&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;value&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives&amp;#160;designated&amp;#160;as&amp;#160;hedging&amp;#160;instruments: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 68%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -14pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Foreign&amp;#160;exchange&amp;#160;contracts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 14%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Other&amp;#160;liabilities&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 2%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 14%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;(568&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: middle; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;)&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Amounts reclassified to statement of income:&lt;/font&gt;&lt;/div&gt;
&lt;div class="CursorPointer" align="left"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 86%; /* margin-left: 110pt;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; /* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Derivatives&amp;#160;designated&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;as&amp;#160;hedging&amp;#160;instruments&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; /* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Location&amp;#160;of&amp;#160;loss&lt;br/&gt;recognized&amp;#160;in&amp;#160;income&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; /* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Amount&amp;#160;of&amp;#160;gain&lt;br/&gt;recognized&amp;#160;in&amp;#160;income&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31, &lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; /* border-bottom-width: 1pt !important; */ /* border-bottom-style: solid !important; */ /* border-bottom-color: #000000 !important; */"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Thousands&amp;#160;of&amp;#160;US&amp;#160;dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* border-top-color: #000000; */ /* border-top-style: solid; */ /* border-top-width: 1pt; */ padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &amp;#160; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 72%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Foreign&amp;#160;exchange&amp;#160;contracts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; width: 12%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Cost of revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 12%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;68&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer" align="left"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 86%; /* margin-left: 110pt;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Derivatives designated&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;as hedging instruments&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Location&amp;#160;of&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;loss&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;recognized&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;in&amp;#160;income &lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" colspan="4" align="center"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Amount&amp;#160;of&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;loss&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;recognized&amp;#160;in&amp;#160;income&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; border-top: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year&amp;#160;ended&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December&amp;#160;31,&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: center; font-family: 'times new roman'; padding: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; /* border-bottom-width: 1pt !important; */ /* border-bottom-style: solid !important; */ /* border-bottom-color: #000000 !important; */" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: center; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="4" align="center"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Thousands&amp;#160;of&amp;#160;US&amp;#160;dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; /* border-top: #000000 1pt solid !important; */ padding: 0px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px;" colspan="4" align="center"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 72%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Foreign&amp;#160;exchange&amp;#160;contracts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 12%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Cost of revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 12%; background-color: #cceeff;" align="right" colspan="4"&gt;&lt;font&gt;(295&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 2.85pt; vertical-align: middle; text-align: center; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman'; text-align: right;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;)&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;</us-gaap:ScheduleOfDerivativeInstrumentsTextBlock>
  <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock id="Tag674" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;div class="CursorPointer" align="left"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; /* margin-left: 100px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31, &lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 1&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 2&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 3&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 55%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 20.7pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives designated as hedging instruments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;2,564&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;div style="display: block;"&gt;
&lt;div class="CursorPointer" align="left"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; /* margin-left: 100px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31, 2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 1&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 2&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Level 3&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 55%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 20.7pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Derivatives designated as hedging instruments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="/* padding-left: 2.85pt; */ /* padding-right: 2.85pt; */ vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
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&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;568&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 2%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: rgb(0, 0, 0) !important; width: 13%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;-&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
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&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: right; width: 1%;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock>
  <dei:EntityRegistrantName id="Tag675" contextRef="C727286">Ituran Location &amp; Control Ltd.</dei:EntityRegistrantName>
  <dei:EntityCentralIndexKey id="Tag676" contextRef="C727286">0001337117</dei:EntityCentralIndexKey>
  <dei:DocumentType id="Tag677" contextRef="C727286">20-F</dei:DocumentType>
  <dei:DocumentPeriodEndDate id="Tag678" contextRef="C727286">2014-12-31</dei:DocumentPeriodEndDate>
  <dei:AmendmentFlag id="Tag679" contextRef="C727286">false</dei:AmendmentFlag>
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock id="Tag680" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; text-indent: -68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;NOTE &lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;11&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;CONTINGENT LIABILITIES&lt;br/&gt;&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;A.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Claims&lt;br/&gt;&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, 2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;007, the Company completed the sale of the subsidiary, Telematics Wireless Ltd. (Telematics), to a third party (hereinafter: the "Purchaser").&amp;#160; Pursuant to the sale transaction, the Company sold its entire shareholdings of Telematics to the purchaser, for an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;80&lt;/font&gt; million (based on a specified enterprise value of Telematics&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;).&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; The Company was required to deposit an amount of US$&lt;font&gt;5&lt;/font&gt; million in order to secure any adjustments to the purchase price, as further described below (the &amp;#147;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Adjustment Escrow Amount&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#148;). In addition, the Company was required to deposit an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;7.5&lt;/font&gt; million in an escrow account in order to ensure certain representations and warranties towards the Purchaser (the &amp;#147;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Escrow Amount&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#148;).&amp;#160; The Adjustment Escrow Amount and the Escrow Amount were deposited in escrow in January 2008, after receipt of the entire consideration from the purchaser.&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In 2008, the Company received a notice from the Purchaser (ST (Infocomm) Ltd. (&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;"ST"&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;)), claiming that based on Telematics' performance parameters, the purchase price needs to be decreased by an amount of approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;10&lt;/font&gt; million (out of which $&lt;font&gt;3&lt;/font&gt; million was recognized as a provision according to management estimate as of the date of such claim).&amp;#160; The Company rejected &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;most of &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the Purchaser's claims and requested that certain amounts be released from the Adjustment Escrow Amount in accordance with the terms of the agreement with the Purchaser.&amp;#160; The Company and Purchaser commenced arbitration proceedings in this matter, and on February 10, 2011 the arbitrator delivered his determination according to which, the Purchaser's main claims for adjustments to the purchase price were rejected and based on Telematics' 2007 financial statements, the purchase price should be reduced by approximately US$&lt;font&gt;4.4&lt;/font&gt; million. The arbitrator determined that an amount of US$&lt;font&gt;572,000&lt;/font&gt; plus interest was to be released from escrow and be available to the Company. &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;However, t&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;he funds held in the Adjustment Escrow Amount remained in escrow until October 2011, when an agreement between the parties provided that the sum of US$&lt;font&gt;4.4&lt;/font&gt; million (and interest accrued thereon) shall be released from the Adjustment Escrow Amount to the Purchaser and that the Company shall waive its claims with regard to the adjustment of the purchase price&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;; and that&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; an amount of US$&lt;font&gt;3&lt;/font&gt; million &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;shall be &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;released to the Company from the second escrow account (in which the Escrow Amount in the sum of US$&lt;font&gt;7.5&lt;/font&gt; million out of the purchase price was deposited), without derogating from the Purchaser's claims for indemnification under the purchase agreement.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Consequently, in October 2011, an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;4.65&lt;/font&gt; million &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(the US$ 4.4 noted above plus interest) &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;was released to ST&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; from the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;A&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;djustment &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;E&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;scrow &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;A&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;mount&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, and an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3 million was released to the Company from the Escrow Amount&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&amp;#160; The remainder of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;4.9&lt;/font&gt; million of the Escrow Amount&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, after interest and the release of the US$ 3 million noted above&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; (the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;"Remaining Escrow Amount"&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;) has remained in escrow until ST's additional arbitration (as described below) is resolved.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;21, 2009, the Company also received from ST a letter seeking indemnification for an alleged breach of certain representations by the Company under the purchase agreement, claiming damages in an amount of approximately US$ &lt;font&gt;4.3&lt;/font&gt; million.&amp;#160; ST's letter also included an allegation in respect of a possible and additional breach of representation in an additional amount of approximately US$ &lt;font&gt;4.3&lt;/font&gt; million.&amp;#160; The Company and ST entered into arbitration proceedings in Israel in which ST claimed damages in the amount of approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;10.3&lt;/font&gt; million (which amount was considered as the reasonably possible loss amount).&amp;#160; On December 19, 2013, the parties reached a settlement &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;agreement &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;regarding the above dispute and these arbitration proceedings were concluded. Consequently, the Remaining Escrow Amount &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;in the amount &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;4.9&lt;/font&gt; million&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; (including accumulated interest)&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, less US$&lt;font&gt;200,000&lt;/font&gt; that &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;was&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; released to ST, released to the Company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; in&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; April&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; 2014&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Company was involved in litigation with Leonardo L.P. (hereinafter: "Leonardo"), a US-based hedge fund, arising out of a financial transaction entered into between the Company and Leonardo in February 2000. On June 13, 2011, the district court in its decision accepted one of Leonardo's claims and ordered the Company to pay the sum of approximately US$&lt;font&gt;9.6&lt;/font&gt; million, to be paid in accordance with the exchange rate in NIS at the date of the occurrence of the "triggering event", plus interest and linkage differences under the law and legal expenses in the sum of NIS &lt;font&gt;1.2&lt;/font&gt; million (approximately US$&lt;font&gt;0.3&lt;/font&gt; million at that time), which totals approximately NIS &lt;font&gt;78.7&lt;/font&gt; million (approximately US$&lt;font&gt;22.7&lt;/font&gt; million at that time). The Company filed an appeal with the Israeli Supreme Court, in which it appealed the district court's decision dated June 13, 2011 as well as the legal expenses and costs which it was ordered to pay according to the district court's decision. Leonardo counter-appealed the district court's decision to dismiss Leonardo's three alternative claims and to apply interest under the law and not default interest under the terms of the financial transaction between Leonardo and the Company as well as the legal expenses and costs which they were ordered to pay.&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As a result of the above district court decision, the Company has recorded an expense (among the balance "other non-operating expenses") in the sum of approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;14.7&lt;/font&gt; million in its consolidated statements of income of fiscal year 2010. The expense amount represented the excess amount over the US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;5.9&lt;/font&gt; million that was presented in past periods as Capital Notes with respect to Leonardo. During 2011, US$&lt;font&gt;0.6&lt;/font&gt; million was recorded as adjustment.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In October 2011, the Company paid Leonardo an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;22.4&lt;/font&gt; million.&amp;#160; Pursuant to the district court's rulling, the payment amount was placed in escrow under the control of Leonardo, until the consummation of the legal proceedings between the parties.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On July&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;25, 2012, Leonardo and the Company settled the mutual claims against one another in a settlement agreement that annulled the decision of the district court dated June 13, 2011, pursuant to which out of the sum of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;81.9&lt;/font&gt; million (approximately US$22.4 million at that time) which was deposited in escrow, the sum of approximately NIS &lt;font&gt;49.7&lt;/font&gt; million (approximately $&lt;font&gt;12.2&lt;/font&gt; million at that time) was released to Leonardo and the sum of approximately NIS &lt;font&gt;32.2&lt;/font&gt; million (approximately $&lt;font&gt;7.4&lt;/font&gt; million at that time) was released to the Company. In addition, it was determined that any surplus amount in the escrow account shall be released to Leonardo and the Company at the ratio of &lt;font&gt;60&lt;/font&gt;-&lt;font&gt;40&lt;/font&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Following the above settlement, the Company recorded an amount of US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;6.7&lt;/font&gt; million, net of related expenses as a non-operating income, in its 2012 fiscal year financial statements.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On July 13, 2010 the State Revenue Services of S&amp;#227;o Paulo issued a tax deficiency notice against a&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;subsidiary in Brazil, Ituran Sistemas de Monitoramento Ltda. ("the subsidiary"), claiming that the vehicle tracking and monitoring services provided by &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;their&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; subsidiary should be classified as telecommunication services and therefore subject to the imposition of State Value Added Tax &amp;#150; ICMS, resulting in an imposition of &lt;font&gt;25&lt;/font&gt;% state value added tax on all revenues of &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;subsidiary during the period between August 2005 and December 2007. At the time of serving the notice upon the Company, the tax deficiency notice was in the amount of R$&lt;font&gt;36,499,984&lt;/font&gt; (approximately US$&lt;font&gt;22.1&lt;/font&gt; million at the time) plus interest in the amount of R$&lt;font&gt;30,282,420&lt;/font&gt; (approximately US$&lt;font&gt;18.2&lt;/font&gt; million at the time) and penalties in the amount of R$&lt;font&gt;66,143,446&lt;/font&gt; (approximately US$&lt;font&gt;40.0&lt;/font&gt; million at the time). As of December 31, 2014, the aggregate sum claimed pursuant to the tax deficiency notice (principal amount, interest and penalties) was estimated at R$&lt;font&gt;220,000,000&lt;/font&gt;&amp;#160;(approximately $&lt;font&gt;82.7&lt;/font&gt;&amp;#160;million). The decision of the administration first level was unfavorable to the subsidiary and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; has filed an appeal to the Administrative Court of Appeals in S&amp;#227;o Paulo. On March 2, 2012 the Administrative Court of the State of S&amp;#227;o Paulo dismissed the State Revenue Services of S&amp;#227;o Paulo's claims and resolved in &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the subsidiary's&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;favor. The State of S&amp;#227;o Paulo filed an administrative appeal to a full bench session at the Administrative Court which has been dismissed on December 20, 2014 and such a decision is non-appealable. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Furthermore, it is noted that the effect of aforesaid decision is limited to the period of August 2005 up to December 2007. It is possible that the State of S&amp;#227;o Paulo may issue us additional tax deficiency notices regarding the past 5 year period. However, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; maintain &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;their&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; position, based among other things on the results of the aforesaid legal proceedings, that if such tax deficiency notices are issued in future, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;their&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; chances of success in defending its position are overwhelmingly favorable.&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On June 24, 2010 the Brazilian Internal Revenue Service issued a tax assessment that claimed the payment, at the time of filing the tax assessment, of R$&lt;font&gt;5,567,032&lt;/font&gt;&amp;#160;(approximately US$&lt;font&gt;3,120,000&lt;/font&gt;&amp;#160;at the time), including interest and penalties, following the offsetting on October 1, 2005 of an amount of approximately US$ &lt;font&gt;2.1&lt;/font&gt; million of a receivable held by Ituran Beheer BV, a Dutch legal entity held by us, against accumulated losses of our subsidiary Ituran Sistemas de Monitamento Ltda, which originated from a technology transfer agreement executed by and between Ituran Brazil and OGM Investments B.V. (also a Dutch company held by us). The decision of the administrative court of the first level was unfavourable to us and therefore the company have filed an appeal to the Administrative Court of Appeals in S&amp;#227;o Paulo. In October 2013, the company were notified that the Court of Appeal has partially accepted their administrative defense in order to reduce the percentage of penalty imposed on us and the company currently await the decision of the Administrative Court of Appeal.&amp;#160; Based on the legal opinion of the subsidiary's Brazilian legal counsel the company believes that such claim is without merit and the company will continue to vigorously defend &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;their selves&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; in the appeal proceedings. As of December 31, 2014, the aggregate sum claimed pursuant to the tax assessment (principal amount, interest and penalties) is estimated at R$&lt;font&gt;9.8&lt;/font&gt; million (approximately $&lt;font&gt;3.7&lt;/font&gt; million) and the company are waiting for the admissibility of their special appeal. Based on&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;the above as of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, no provision has been made with respect to the Brazilian IRS claim.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On October 29, 2014, Brazilian Federal Communication Agency &amp;#150; Anatel issued an additional tax assessment for FUST contribution (contribution on telecommunication services) levied on the monitoring services rendered by &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; regarding the year of 2010 in amount of R$ &lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;678,226&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; (approximately US$ &lt;font&gt;1&lt;/font&gt; million) including interest and penalties. This amount added up to the previous Anatel tax assessment for the years 2007 and 2008 which was issued on October 20, 2011, and at time was R$ &lt;font&gt;3,350,165&lt;/font&gt; (approximately US$ &lt;font&gt;1.9&lt;/font&gt; million) including interest and penalties, which on December 31, 2014 amounts to R$ &lt;font&gt;4,630,000&lt;/font&gt; (approximately US$ &lt;font&gt;1.7&lt;/font&gt; million). Due to the 2010 tax assessment, on December 31, 2014, the aggregate amount claimed by Anatel increased to approximately R$ &lt;font&gt;7.3&lt;/font&gt; million (approximately US$ &lt;font&gt;2.7&lt;/font&gt; million). The reason Anatel demand the payment of FUST from &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; is the fact that in order to provide monitoring services &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; need&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; to operate telecommunication equipment in a given radio frequency. &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; hold a telecommunication license from Anatel. The authorities have construed that &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; render telecommunication services and FUST should be levied in relation to Net Revenues. Based on the legal opinion of the subsidiary's Brazilian legal counsel &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; believe&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; that such claim is without merit, the interpretation of the legislation is mistaken, given that &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; do&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;esn&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;'t render telecommunication services, but rather services of monitoring goods and persons for security purposes. &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; ha&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; filed &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; defense for the years 2007 and 2008 on December 1, 2011. &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The company's&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Defense for the year 2010 was filed on November 27, 2014. &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;i&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; currently awaiting the Lower Court decision on all the aforementioned Anatel claims.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As a result of the above as of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, no provision has been made with respect to the Brazilian &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;FUST contribution&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;6&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Claims are filed against the Company and its subsidiaries from time to time during the ordinary course of business, usually with respect to civil, labor and commercial matters.&amp;#160; The Company's management believes, based on its legal counsels' assessment, that the provision for contingencies recognized in the balance sheet is sufficient and that currently there are no claims (other than those described in &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;this &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Note above) that are material, individually or in the aggregate, to the consolidated financial statements as a whole.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; text-indent: -22.75pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;B.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Company was declared a monopoly under the Israeli Restrictive Trade Practices Law, 1988, in the market for the provision of systems for the location of vehicles in Israel.&amp;#160; Under Israeli law, a monopoly is prohibited from taking certain actions, such as predatory pricing and the provision of loyalty discounts, which prohibitions do not apply to other companies.&amp;#160; The Israeli Antitrust Authority may further declare that the Company has abused its position in the market.&amp;#160; Any such declaration in any suit in which it is claimed that the Company engages in anticompetitive conduct may serve as &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"&gt;prima facie&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; evidence that the Company is either a monopoly or that it has engaged in anticompetitive behavior.&amp;#160; Furthermore, it may be ordered to take or refrain from taking certain actions, such as setting maximum prices, in order to protect against unfair competition.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;C&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Commitments&lt;br/&gt;&lt;br/&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.45pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2014&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, minimum future rentals under operating leases of buildings for periods in excess of one year were as follows:&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2015 &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#150; US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;1.9&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2016 &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#150; US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;1.3&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2017 &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#150; US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;1.1&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2018 &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#150; US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;1&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2019 &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#150; US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;0.9&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;thousand&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The leasing fees expensed in each of the years ended December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, were &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;2.5&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; million and&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million, respectively.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;January 2008&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, the Company entered into a &lt;font&gt;10&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;year Frame Product and Service Purchase Agreement with Telematics, pursuant to which (after the completion of the sale of Telematics&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, described in Note&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;A1, above&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;), the Company and Telematics shall purchase from each other certain products and services as detailed in the agreement for a price and subject to other conditions as detailed in the agreement.&amp;#160; In addition, each of the Company and Telematics undertook toward one another not to compete in each other's exclusive markets in the area of RF vehicle location and tracking RF technology or similar RF terrestrial location systems and technology.&amp;#160; The agreement was for a term of 10&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;years, following which it shall be renewed automatically for additional consecutive &lt;font&gt;12&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;month periods, unless nonrenewal notice is sent by one of the parties to the other.&amp;#160; Pursuant to the agreement, each of Telematics and Ituran granted the other party a license to use certain technology in connection with the products and services purchased from each other, which license survives the termination or expiration of the agreement.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;As of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2014&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the Company is obliged to purchase from Telematics products in an aggregate amount of approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;4.5&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;million.&lt;/font&gt;&lt;/p&gt;
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  <itrn:EscrowDepositDisbursements id="Tag689" contextRef="C728459" unitRef="USD" decimals="-6">3000000</itrn:EscrowDepositDisbursements>
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  <us-gaap:IncomeTaxExaminationInterestExpense id="Tag712" contextRef="C728474" unitRef="USD" decimals="-5">18200000</us-gaap:IncomeTaxExaminationInterestExpense>
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  <us-gaap:IncomeTaxExaminationEstimateOfPossibleLoss id="Tag718" contextRef="C728477" unitRef="USD" decimals="0">3120000</us-gaap:IncomeTaxExaminationEstimateOfPossibleLoss>
  <itrn:IncomeTaxExaminationOffsettingAmount id="Tag719" contextRef="C728478" unitRef="USD" decimals="-5">2100000</itrn:IncomeTaxExaminationOffsettingAmount>
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  <itrn:LossContingenciesPreviousTaxAssessment id="Tag726" contextRef="C728555" unitRef="USD" decimals="-5">1700000</itrn:LossContingenciesPreviousTaxAssessment>
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&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font style="font-family: 'Times New Roman';"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman';"&gt;(in thousands)&lt;/font&gt;&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Location&amp;#160;based&lt;br/&gt;services&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Wireless&lt;br/&gt;communications&lt;br/&gt;products&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px;"&gt;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px;"&gt;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px;"&gt;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;h1 style="font-size: 10pt; margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31, 2014&lt;/strong&gt;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: justify; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;133,692&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 2%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;48,435&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 2%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;182,127&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Operating income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;42,603&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,267&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;45,870&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;63,795&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;11,094&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;74,889&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Goodwill &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,544&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,497&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,041&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Expenditures for assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;12,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;598&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;13,172&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Depreciation and amortization &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;8,920&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;148&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,068&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Impairment of goodwill and intangible assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;34&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;888&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;922&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;h1 style="font-size: 10pt; margin: 0pt 2.55pt 0pt 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31, 2013&lt;/strong&gt;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: justify; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;126,951&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;43,216&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;170,167&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Operating income (loss)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;38,470&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(540&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; /* padding: 0px 5px; */ text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;37,930&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;66,300&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;10,564&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;76,864&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Goodwill &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,730&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,703&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;5,433&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Expenditures for assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;12,312&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;264&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;12,576&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Depreciation and amortization &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,360&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;358&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,718&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Impairment of goodwill and intangible assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;2,816&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,804&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;4,620&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;h1 style="font-size: 10pt; margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31, 2012&lt;/strong&gt;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;114,565&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;35,753&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;150,318&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Operating income &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;29,850&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;97&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;29,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;65,332&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;10,629&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;75,961&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Goodwill &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,692&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,351&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;8,043&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Expenditures for assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,636&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;77&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,713&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Depreciation and amortization &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;11,471&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;130&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;11,601&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
  <itrn:AssetExpenditures id="Tag742" contextRef="C728368" unitRef="USD" decimals="-3">12574000</itrn:AssetExpenditures>
  <itrn:AssetExpenditures id="Tag743" contextRef="C728369" unitRef="USD" decimals="-3">598000</itrn:AssetExpenditures>
  <itrn:AssetExpenditures id="Tag744" contextRef="C727286" unitRef="USD" decimals="-3">13172000</itrn:AssetExpenditures>
  <us-gaap:DepreciationDepletionAndAmortization id="Tag745" contextRef="C728368" unitRef="USD" decimals="-3">8920000</us-gaap:DepreciationDepletionAndAmortization>
  <us-gaap:DepreciationDepletionAndAmortization id="Tag746" contextRef="C728369" unitRef="USD" decimals="-3">148000</us-gaap:DepreciationDepletionAndAmortization>
  <us-gaap:DepreciationDepletionAndAmortization id="Tag747" contextRef="C727286" unitRef="USD" decimals="-3">9068000</us-gaap:DepreciationDepletionAndAmortization>
  <itrn:ReconciliationFromSegmentsToConsolidatedTableTextBlock id="Tag748" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; /* margin-left: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;Year ended December 31,&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Total revenues of reportable segment and consolidated revenues&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;182,127&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 2%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;170,167&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 2%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;150,318&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Operating income&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Total operating income for reportable segments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;45,870&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;37,930&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;29,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Unallocated amounts: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other income (expenses) income &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(166&lt;/font&gt;&lt;/td&gt;
&lt;td style="/* padding: 0px; */ font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;font&gt;)&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;6,755&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Financing income, net &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,704&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;238&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;987&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Consolidated income before taxes on income &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;47,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;38,002&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;37,689&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;h4 style="font-size: 10pt; margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Assets&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Total assets for reportable segments (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;78,930&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;82,297&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;84,004&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other unallocated amounts: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Current assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;57,159&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;61,530&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;48,512&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Investments in affiliated and other companies &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,095&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,511&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;242&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Property and equipment, net &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;7,786&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;8,644&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,187&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other unallocated amounts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,367&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;6,560&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;5,394&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Consolidated total assets (at year end) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;152,337&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;160,542&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;147,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;h4 style="font-size: 10pt; margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Other significant items&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Total expenditures for assets of reportable segments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;13,172&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;12,576&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,713&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Unallocated amounts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,021&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,387&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,320&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Consolidated total expenditures for assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;15,193&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;13,963&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;10,033&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Total depreciation, amortization and impairment for reportable segments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;9,990&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;14,338&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;11,601&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Unallocated amounts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,229&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,858&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,070&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Consolidated total depreciation and amortization &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;12,219&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;16,196&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;14,671&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;
&lt;div align="right"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 90pt;"&gt;

&lt;tr&gt;
&lt;td style="width: 5%; vertical-align: top;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(*)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 94%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Including&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;goodwill&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;br/&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</itrn:ReconciliationFromSegmentsToConsolidatedTableTextBlock>
  <us-gaap:ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock id="Tag749" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;div class="CursorPointer" align="right"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85.5%; /* margin-left: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="5"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Revenues&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;h1 style="margin: 0pt; page-break-after: avoid; text-align: justify;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;Israel&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;h1 style="margin: 0pt; page-break-after: avoid; text-align: justify;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;90,061&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;83,331&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;70,595&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; United States &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;7,568&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,876&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,749&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Brazil &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;66,462&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;63,454&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;58,242&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Argentina &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;13,792&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;15,190&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;13,546&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,244&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,316&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,186&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 15pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;182,127&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;170,167&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;150,318&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-indent: 0pt; display: block;"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;div class="CursorPointer" align="right"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85.5%; /* margin-left: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="5"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Property and equipment, net&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;h1 style="margin: 0pt; page-break-after: avoid; text-align: justify;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;Israel&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;h1 style="margin: 0pt; page-break-after: avoid; text-align: justify;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;8,563&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;9,051&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;9,440&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; United States &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;120&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;155&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;146&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Brazil &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;17,801&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;19,178&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,132&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Argentina &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;5,424&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,162&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,438&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 15pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;31,908&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;32,546&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;34,156&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 90.7pt;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 27pt;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;Revenues were attributed to countries based on customer location.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 90.7pt;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 27pt;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;Property and equipment were classified based on major geographic areas in which the Company operates.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock>
  <us-gaap:GoodwillAndIntangibleAssetImpairment id="Tag750" contextRef="C728368" unitRef="USD" decimals="-3">34000</us-gaap:GoodwillAndIntangibleAssetImpairment>
  <us-gaap:SegmentReportingDisclosureTextBlock id="Tag751" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td align="right" style="width: 63pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;NOTE 18 - &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;SEGMENT REPORTING&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;A.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;General information:&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The operations of the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Group&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; are conducted through two different core activities: Location&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; b&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ased &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ervices and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Wireless communications products&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&amp;#160; These activities also represent the reportable segments of the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Group&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="text-align: justify; font-family: 'times new roman'; margin: 0px 0px 0px 90pt; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The reportable segments are viewed and evaluated separately by Company management, since the marketing strategies, processes and expected long term financial performances of the segments are different.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Location based&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt; services:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="text-align: justify; font-family: 'times new roman'; margin: 0px 0px 0px 90pt; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Location based&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; services segment consists predominantly of regionally- based stolen vehicle recovery (SVR) services, fleet management services and value-added services comprised of personal advanced locater services and concierge services.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Group&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; provides &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Location based&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; services in Israel, Brazil, Argentina and the United States.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Wireless communications products:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The wireless communications product segment consists of short and medium range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;automatic vehicle identification.&amp;#160; The &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Group&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; sells products to customers in Israel, United States, and others.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;

&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;B.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Information about reported segment profit or loss and assets:&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; /* margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font style="font-family: 'Times New Roman';"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman';"&gt;(in thousands)&lt;/font&gt;&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Location&amp;#160;based&lt;br/&gt;services&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Wireless&lt;br/&gt;communications&lt;br/&gt;products&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px;"&gt;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px;"&gt;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px;"&gt;&lt;/td&gt;
&lt;td align="center" style="vertical-align: top; font-weight: normal; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;h1 style="font-size: 10pt; margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31, 2014&lt;/strong&gt;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: justify; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;133,692&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 2%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;48,435&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 2%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;182,127&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Operating income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;42,603&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,267&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;45,870&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;63,795&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;11,094&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;74,889&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Goodwill &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,544&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,497&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,041&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Expenditures for assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;12,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;598&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;13,172&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Depreciation and amortization &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;8,920&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;148&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,068&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Impairment of goodwill and intangible assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;34&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;888&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;922&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;h1 style="font-size: 10pt; margin: 0pt 2.55pt 0pt 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31, 2013&lt;/strong&gt;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: justify; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;126,951&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;43,216&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;170,167&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Operating income (loss)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;38,470&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(540&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; /* padding: 0px 5px; */ text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;37,930&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;66,300&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;10,564&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;76,864&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Goodwill &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,730&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,703&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;5,433&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Expenditures for assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;12,312&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;264&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;12,576&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Depreciation and amortization &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,360&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;358&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,718&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Impairment of goodwill and intangible assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;2,816&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,804&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;4,620&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;h1 style="font-size: 10pt; margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31, 2012&lt;/strong&gt;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Revenues &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;114,565&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;35,753&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;150,318&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Operating income &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;29,850&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;97&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;29,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;65,332&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;10,629&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;75,961&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Goodwill &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,692&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,351&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;8,043&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Expenditures for assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,636&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;77&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,713&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -13.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Depreciation and amortization &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;11,471&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;130&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;11,601&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;C.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Information about reported segment profit or loss and assets:&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The evaluation of performance is based on the operating income of each of the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;two &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;reportable segments.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Accounting policies of the segments are the same as those described in the accounting policies applied in the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;consolidated &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;financial statements.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Due to the nature of the reportable segments, there have been no inter-segment sales or transfers during the reported periods.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Financing expenses, net, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;non-operating &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;other expenses, net, taxes on income and the share of the Company in losses of affiliated companies were not allocated to the reportable segments, since these items are carried and evaluated on the enterprise level.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;

&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;D.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Reconciliations of reportable segment revenues, profit or loss, and assets, to the enterprise's consolidated totals:&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;div&gt;
&lt;div style="display: block;"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; /* margin-left: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-size: 10pt;"&gt;Year ended December 31,&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Total revenues of reportable segment and consolidated revenues&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;182,127&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 2%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;170,167&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 2%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;150,318&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Operating income&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Total operating income for reportable segments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;45,870&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;37,930&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;29,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Unallocated amounts: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other income (expenses) income &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(166&lt;/font&gt;&lt;/td&gt;
&lt;td style="/* padding: 0px; */ font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;font&gt;)&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;6,755&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Financing income, net &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,704&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;238&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;987&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Consolidated income before taxes on income &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;47,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;38,002&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;37,689&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;h4 style="font-size: 10pt; margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Assets&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Total assets for reportable segments (*) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;78,930&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;82,297&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;84,004&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other unallocated amounts: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Current assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;57,159&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;61,530&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;48,512&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Investments in affiliated and other companies &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,095&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,511&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;242&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Property and equipment, net &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;7,786&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;8,644&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,187&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Other unallocated amounts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,367&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;6,560&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;5,394&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Consolidated total assets (at year end) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;152,337&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;160,542&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;147,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;h4 style="font-size: 10pt; margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Other significant items&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Total expenditures for assets of reportable segments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;13,172&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;12,576&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,713&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Unallocated amounts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,021&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,387&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,320&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Consolidated total expenditures for assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;15,193&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;13,963&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;10,033&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; padding: 0px 5px; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Total depreciation, amortization and impairment for reportable segments &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;9,990&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;14,338&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;11,601&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Unallocated amounts &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,229&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,858&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,070&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 22.7pt; text-indent: -14.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Consolidated total depreciation and amortization &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;12,219&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;16,196&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;14,671&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;
&lt;div align="right"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-left: 90pt;"&gt;

&lt;tr&gt;
&lt;td style="width: 5%; vertical-align: top;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(*)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 94%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Including&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;goodwill&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;br/&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;

&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;E.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Geographic information&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;div&gt;
&lt;div style="display: block;"&gt;
&lt;div class="CursorPointer" align="right"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85.5%; /* margin-left: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="5"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Revenues&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;h1 style="margin: 0pt; page-break-after: avoid; text-align: justify;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;Israel&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;h1 style="margin: 0pt; page-break-after: avoid; text-align: justify;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;90,061&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;83,331&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;70,595&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; United States &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;7,568&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,876&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,749&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Brazil &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;66,462&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;63,454&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;58,242&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Argentina &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;13,792&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;15,190&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;13,546&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,244&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,316&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,186&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 15pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;182,127&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;170,167&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;150,318&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-indent: 0pt; display: block;"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;div class="CursorPointer" align="right"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85.5%; /* margin-left: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="5"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Property and equipment, net&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;h4 style="margin: 0pt; page-break-after: avoid; text-align: center;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: top; font-family: 'times new roman'; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;h1 style="margin: 0pt; page-break-after: avoid; text-align: justify;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;Israel&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;h1 style="margin: 0pt; page-break-after: avoid; text-align: justify;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;/h1&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;8,563&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;9,051&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 2%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;9,440&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; United States &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;120&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;155&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;146&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Brazil &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;17,801&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;19,178&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,132&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="/* padding-left: 2.85pt; */ padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Argentina &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;5,424&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,162&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;4,438&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 15pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;31,908&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;32,546&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;34,156&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 90.7pt;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 27pt;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;Revenues were attributed to countries based on customer location.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 90.7pt;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 27pt;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;Property and equipment were classified based on major geographic areas in which the Company operates.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 63pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="right" style="width: 27pt;"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;F.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="left"&gt;
&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Major customers&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="margin: 0px 0px 0px 90pt; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;During &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; there were no sales exceeding 10% of total revenues to none of our customers.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:Revenues id="Tag752" contextRef="C728368" unitRef="USD" decimals="-3">133692000</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag753" contextRef="C728369" unitRef="USD" decimals="-3">48435000</us-gaap:Revenues>
  <us-gaap:OperatingIncomeLoss id="Tag754" contextRef="C728368" unitRef="USD" decimals="-3">42603000</us-gaap:OperatingIncomeLoss>
  <us-gaap:OperatingIncomeLoss id="Tag755" contextRef="C728369" unitRef="USD" decimals="-3">3267000</us-gaap:OperatingIncomeLoss>
  <itrn:ReportableSegmentAssets id="Tag756" contextRef="C728370" unitRef="USD" decimals="-3">63795000</itrn:ReportableSegmentAssets>
  <itrn:ReportableSegmentAssets id="Tag757" contextRef="C728371" unitRef="USD" decimals="-3">11094000</itrn:ReportableSegmentAssets>
  <itrn:ReportableSegmentAssets id="Tag758" contextRef="C727281" unitRef="USD" decimals="-3">74889000</itrn:ReportableSegmentAssets>
  <us-gaap:GoodwillAndIntangibleAssetImpairment id="Tag759" contextRef="C728369" unitRef="USD" decimals="-3">888000</us-gaap:GoodwillAndIntangibleAssetImpairment>
  <us-gaap:Revenues id="Tag760" contextRef="C728364" unitRef="USD" decimals="-3">126951000</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag761" contextRef="C728365" unitRef="USD" decimals="-3">43216000</us-gaap:Revenues>
  <us-gaap:OperatingIncomeLoss id="Tag762" contextRef="C728364" unitRef="USD" decimals="-3">38470000</us-gaap:OperatingIncomeLoss>
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&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="/* margin: 0pt 0pt 0pt 68.05pt; */ text-align: justify; font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px; margin-left: 70pt;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In January 2015&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany purchased &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;an additional&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;13.3&lt;/font&gt;% of Bringg shares for an amount of &amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;$&lt;font&gt;1.1&lt;/font&gt; million&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;
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&lt;table border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

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&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;NOTE 17 - &lt;/font&gt;&lt;/div&gt;
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&lt;div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;RELATED PARTIES&lt;/font&gt;&lt;/div&gt;
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&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
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&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;A.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"&gt;The Tzivtit Insurance Ltd. (&amp;#147;Tzivtit Insurance&amp;#148;), owned by a director of the Company, serves as the Company's insurance agent and provides the Company with elementary insurance and managers insurance.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="text-align: justify; text-indent: 0px; font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px; margin-left: 76pt;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="text-align: justify; text-indent: 0px; font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px; /* margin-left: 76pt;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;I&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;n respect of these insurance services, Tzivtit Insurance is entitled to receive commissions at various rates, paid by the insurance company (which is not considered a related party).&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="text-align: justify; text-indent: 0px; font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px; margin-left: 76pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;With respect to basic insurance policies, and directors and offices insurance policies, the Company paid to the insurance company in &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;24&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; thousand and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;89&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; thousand&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, respectively&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; (In&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;303&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; thousand and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;193&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; thousand&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, respectively&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="/* margin: 0px 0px 0px 101.300003051758px; */ text-align: justify; text-indent: 0px; font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px; margin-left: 76pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Tzivtit Insurance is entitled to commissions in an aggregate amount of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;187&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; thousand (US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;52&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; thousand) to be paid to Tzivtit Insurance by the insurance company on account of these policies.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;80&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; thousand and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;72&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; thousand in &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, respectively.)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px 0px 0px 101.300003051758px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%; vertical-align: top;" valign="top"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;B.&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In February 2003, an agreement was signed between the Company and A. &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Holdings Ltd., a wholly-owned and controlled company belonging to Mr.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Izzy &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;President&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and Director&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&amp;#160; The agreement includes, among other things, the cost of Mr.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Izzy Sheratzky's monthly employment in an amount of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;98&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; (US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;25&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;), entertainment expenses, car maintenance expenses, cellular phone, and entitlement to participate in the profits of the Company in an amount equal to &lt;font&gt;5&lt;/font&gt;% of the pretax income of the Company, plus the share of the Company in the income or losses of affiliated companies, on the basis of the audited consolidated financial statements.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px 0px 0px 101.300003051758px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0" style="margin-top: 0px; margin-bottom: 0px;"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="text-align: justify; font-family: 'times new roman'; margin: 0px; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The agreement is for a &lt;font&gt;two&lt;/font&gt;-year period, with automatic &lt;font&gt;two&lt;/font&gt;-year extensions, unless either of the parties gives &lt;font&gt;180&lt;/font&gt; day advance notice of its intention to terminate the agreement.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Whereas the term of the agreement exceeded&amp;#160;&lt;font&gt;three&lt;/font&gt; years, under recent amendments to the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Israeli Companies Law&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, the Company's audit committee, board of directors and shareholders have ratified and approved&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the agreement with A.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky, which according to current Israeli law remained in force and effect until May 11, 2014.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="/* margin: 0pt 0pt 0pt 90.75pt; */ text-align: justify; /* text-indent: -22.7pt; */ font-family: 'times new roman'; margin-top: 0px; margin-bottom: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;See &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;section F below&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; with respect to the approval of a new service agreement with A.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky Holdings during February 2014.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;

&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%; vertical-align: top;" valign="top"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;C.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On September&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5, 2002, the Company entered into independent contractor agreements with A.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky Holdings Ltd. and each of Eyal Sheratzky and Nir Sheratzky (the Co-CEO's of the Company), pursuance to which A.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky Holdings will provide management services to the Company through Eyal Sheratzky and Nir Sheratzky in consideration of monthly payments in the amount of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;48,892&lt;/font&gt; and NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;49,307&lt;/font&gt; (US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;6&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;00&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;and US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;7&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;00&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;), respectively, in addition to providing each of them a company car and reimbursement of certain business expenses.&amp;#160; In January 2004, changes in the employment terms of the two Co-CEOs of the Company were approved, whereby in addition to the agreement detailed above, each would be entitled to an annual bonus equal to &lt;font&gt;1&lt;/font&gt;% of the pretax income of the Company, plus the share of the Company in the income or losses of affiliated companies, on the basis of the audited consolidated financial statements.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Whereas the term of the agreement exceeded&amp;#160;&lt;font&gt;three&lt;/font&gt; years, under recent amendments to the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Israeli Companies Law&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, the Company's audit committee, board of directors and shareholders have ratified and approved the agreement with A. Sheratzky (including third addendum thereto that clarifies the nature of its role and services), which according to current Israeli law remained in force and effect until May 11, 2014.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;See &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;section F below &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;with respect to the approval of a new service agreement with A.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky Holdings during February 2014.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The amounts paid&amp;#160;to A.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky Holdings in &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(including with respect to B. above but excluding amounts paid to A. Sheratzky Holdings in 2014 under the new service agreement, described in F. below), were approximately &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;793,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;470&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;6&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;91&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, respectively (all numbers include value added tax).&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&amp;#160;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%; vertical-align: top;" valign="top"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;D.&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In accordance with an agreement with a related party (as amended), Prof. Yehuda Kahane, for financial consulting, the Company is required to pay the consultant monthly consulting fees of NIS &lt;font&gt;15,000&lt;/font&gt; (US$ &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;9&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;00&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;) a month, linked to the Israeli Consumer Price Index.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; The aggregate amount paid to Professor Kahane in each of the years 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and 20&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; was approximately &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$ &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;62&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$ &lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;9&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$ &lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;6&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, respectively.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%; vertical-align: top;" valign="top"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;E.&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On January&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;23, 2007, the Company's subsidiary, E-Com Global Electronic Commerce Ltd.&amp;#160; ("E-Com "), signed an agreement with Gil Sheratzky for the employment of Mr.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky as CEO of that company, in consideration of monthly payments in the amount of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;25,000&lt;/font&gt; (US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;6&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;00&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;), in addition to providing him a company car, managers insurance and education fund contribution (as customary in Israel) and reimbursement of certain business expenses.&amp;#160; In his position, Mr.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky will report to the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Co-&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;CEO&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; of the Company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&amp;#160; The compensation paid to Gil Sheratzky includes a bonus in an amount equal to &lt;font&gt;2&lt;/font&gt;% of the annual increase in E-COM profits before tax (up to a maximum amount of &lt;font&gt;1&lt;/font&gt;% of that company's profits before tax), based on its audited consolidated financial statements for the relevant year, beginning January&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1, 2007.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The aggregate amount paid to Mr.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Gil Sheratzky in &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; was approximately &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1,131&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;145&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;196&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, respectively.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Whereas the term of the agreement exceeded&amp;#160;&lt;font&gt;three&lt;/font&gt; years, under recent amendments to the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Israeli Companies Law&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, the Company's audit committee, board of directors and shareholders have ratified and approved the agreement with Gil Sheratzky, which according to current Israeli law remained in force and effect until May 11, 2014.&lt;/font&gt;&lt;/td&gt;
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&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;See &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;section F below &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;with respect to the approval of a new service agreement with A.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Sheratzky Holdings during February 2014.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/p&gt;

&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%; vertical-align: top;" valign="top"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;F.&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In February 2014, following the approval of the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's general meeting of shareholders on January 28, 2014, the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany entered into new service agreements, setting forth the terms of service of its President and Co-Chief Executive Officers in compliance with &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the Company's&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; compensation policy for office holders; and E-Com entered into a service agreement setting forth the terms of service of its Chief Executive Officer in compliance with &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the Company's&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; compensation policy for officer holders. The principal terms of these agreements are as follows:&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Mr. Izzy Sheratzky shall provide his services as an independent contractor through A. Sheratzky Holdings Ltd., which shall be entitled to a monthly payment of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;225,000&lt;/font&gt; (or $&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;7&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;9&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;00&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;) plus VAT, linked to the consumer price index for December 2013. At the request of the service provider, part of the fixed monthly pay may be granted through benefits, such as the provision of a company car for the use of Mr. Sheratzky and the payment of its maintenance costs and the cost of tax resulting therefrom&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; The fixed monthly pay shall also include Mr. Sheratzky's entitlement for a &lt;font&gt;25&lt;/font&gt; days' vacation and sick days as provided by law. The service provider shall also be entitled to payment or reimbursement of expenses, including hosting expenses, subsistence allowance abroad and participation in work-related home telephone expenses. The service provider shall be entitled to Target-based Cash Incentives and Excess Return Cash Incentives as detailed below. The agreement shall be in force for a period of &lt;font&gt;3&lt;/font&gt; years and may be terminated upon &lt;font&gt;180&lt;/font&gt; days' advance notice of termination; however, the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany may terminate the agreement without an advance notice and without compensation if the following shall occur: (a) Mr. Sheratzky is convicted of a criminal offense involving moral turpitude; (b) a final court ruling (without the possibility of appeal) determines that Mr. Sheratzky has breached his fiduciary duty towards the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany; (c) a final court ruling (without the possibility of appeal) determines that Mr. Sheratzky has materially breached the agreement through the unauthorized disclosure of &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's secrets or competition with the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The aggregate amounts paid to A. Sheratzky according this new service agreement in 2014 were approximately &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;2,387,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-size: 10pt;"&gt;(includes value added tax).&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Mr. Eyal Sheratzky shall provide his services as an independent contractor through ORAS Capital Ltd. which shall be entitled to a monthly payment of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;175,000&lt;/font&gt; (or $&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;45&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;0&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;00&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;) plus VAT, linked to the consumer price index for December 2013. At the request of the service provider, part of the fixed monthly pay may be granted through benefits, such as the provision of a company car for the use of Mr. Sheratzky and the payment of its maintenance costs and the cost of tax resulting therefrom.&amp;#160; The fixed monthly pay shall also include Mr. Sheratzky's entitlement for a &lt;font&gt;25&lt;/font&gt; days' vacation and sick days as provided by law. The service provider shall also be entitled to payment or reimbursement of expenses, including hosting expenses and subsistence allowance abroad. The service provider shall be entitled to Target-based Cash Incentives and Excess Return Cash Incentives as detailed below. The agreement shall be in force for a period of &lt;font&gt;3&lt;/font&gt; years and may be terminated upon &lt;font&gt;180&lt;/font&gt; days' advance notice of termination; however, the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany may terminate the agreement without an advance notice and without compensation if the following shall occur: (a) Mr. Sheratzky is convicted of a criminal offense involving moral turpitude; (b) a final court ruling (without the possibility of appeal) determines that Mr. Sheratzky has breached his fiduciary duty towards the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany; (c) a final court ruling (without the possibility of appeal) determines that Mr. Sheratzky has materially breached the agreement through the unauthorized disclosure of &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's secrets or competition with the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The aggregate amounts paid to ORAS Capital Ltd (for new and old agreements combined) in 2014 were approximately &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;1,552,000&lt;/font&gt; (include value added tax).&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;

&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Mr. Nir Sheratzky shall provide his services as an independent contractor through Galnir Management and Investments Ltd., which shall be entitled to a monthly payment of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;175,000&lt;/font&gt; (or $&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;45&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;0&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;00&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;)&amp;#160; plus VAT, linked to the consumer price index for December 2013. At the request of the service provider, part of the fixed monthly pay may be granted through benefits, such as the provision of a company car for the use of Mr. Sheratzky and the payment of its maintenance costs and the cost of tax resulting therefrom.&amp;#160; The fixed monthly pay shall also include Mr. Sheratzky's entitlement for a &lt;font&gt;25&lt;/font&gt; days' vacation and sick days as provided by law. The service provider shall also be entitled to payment or reimbursement of expenses, including hosting expenses and subsistence allowance abroad. The service provider shall be entitled to Target-based Cash Incentives and Excess Return Cash Incentives as detailed below. The agreement shall be in force for a period of &lt;font&gt;3&lt;/font&gt; years and may be terminated upon &lt;font&gt;180&lt;/font&gt; days' advance notice of termination; however, the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany may terminate the agreement without an advance notice and without compensation if the following shall occur: (a) Mr. Sheratzky is convicted of a criminal offense involving moral turpitude; (b) a final court ruling (without the possibility of appeal) determines that Mr. Sheratzky has breached his fiduciary duty towards the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany; (c) a final court ruling (without the possibility of appeal) determines that Mr. Sheratzky has materially breached the agreement through the unauthorized disclosure of &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's secrets or competition with the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany.&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The aggregate amounts paid to Galnir Management and Investments Ltd, (for new and old agreements combined) were approximately &lt;font&gt;1,418,000&lt;/font&gt; (includes value added tax).&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Mr. Gil Sheratzky shall provide his services as an independent contractor through ZERO-TO-ONE S.B.L. INVESTMENTS LTD., which shall be entitled to a monthly payment of NIS&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;125,000&lt;/font&gt; (or $&lt;/font&gt;&lt;font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;3&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;) plus VAT, linked to the consumer price index for December 2013. At the request of the service provider, part of the fixed monthly pay may be granted through benefits, such as the provision of a company car for the use of Mr. Sheratzky and the payment of its maintenance costs and the cost of tax resulting therefrom.&amp;#160; The fixed monthly pay shall also include Mr. Sheratzky's entitlement for a &lt;font&gt;25&lt;/font&gt; days' vacation and sick days as provided by law. The service provider shall also be entitled to payment or reimbursement of expenses, including hosting expenses and subsistence allowance abroad. The service provider shall be entitled to Target-based Cash Incentives and Excess Return Cash Incentives as detailed below. The agreement shall be in force for a period of &lt;font&gt;3&lt;/font&gt; years and may be terminated upon &lt;font&gt;two&lt;/font&gt; months' advance notice of termination; however, E-Com may terminate the agreement without an advance notice and without compensation if the following shall occur: (a) Mr. Sheratzky is convicted of a criminal offense involving moral turpitude; (b) a final court ruling (without the possibility of appeal) determines that Mr. Sheratzky has breached his fiduciary duty towards E-Com; (c) a final court ruling (without the possibility of appeal) determines that Mr. Sheratzky has materially breached the agreement through the unauthorized disclosure of E-Com' and/or &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's secrets or competition with E-Com and/or the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany.&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The aggregate amounts paid to ZERO-TO-ONE S.B.L. INVESTMENTS LTD,&amp;#160; in 2014 were approximately&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;948,000&lt;/font&gt;&amp;#160; (includes value added tax).&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Each of the above agreements also provides that the executives may request to provide their services to the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany as an employee, and not through a service provider, and in such event, the they shall execute an employment agreement with the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany, in lieu of the above service agreements, which shall also set forth the provisions of social security and other benefits that the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany usually grants its senior executive officers (which may not deviate from the provisions of the Compensation Policy in this respect). In any event, it was agreed that the nature of the agreement pursuant to which the services are provided shall not affect the cost to &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the Company&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; of the provision of the services as set forth in the service agreements.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;

&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%; vertical-align: middle;" valign="middle"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The terms of the Cash Incentives applicable to each of Messrs. Izzy Sheratzky, Eyal Sheratzky, Nir Sheratzky and Gil Sheratzky (the "Executive Offices Holders"), as set forth in their agreements referred to above (the "Agreements"), are as follows:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 8%; vertical-align: top; text-align: center;" valign="top"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 84%;"&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;"Target-based Cash Incentives" means a cash incentive awarded to the Executive Office Holders for the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's achievement of the following Profit-Before-Tax targets in each calendar year following the effective date of the above agreements, in which the Minimum Threshold (as defined below) has been achieved:&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Company's Profit-Before-Tax Targets&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 84%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(in USD thousands)&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Level of Incentive - As a Percentage of the Executive Office Holder's Annual Cost of Pay&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;div style="margin-left: 130pt;"&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;24,001&lt;/font&gt; - &lt;font&gt;27,500&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;20&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;27,501&lt;/font&gt;-&lt;font&gt;31,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;45&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;31,001&lt;/font&gt;-&lt;font&gt;35,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;75&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;35,001&lt;/font&gt;-&lt;font&gt;39,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;110&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Above &lt;font&gt;39,001&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;150&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 84%;"&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;"Minimum Threshold" means, with respect to a particular calendar year, a minimum Company's Return on Equity (as defined below) of &lt;font&gt;15&lt;/font&gt;%, and a minimum company's Profit Before Tax of USD&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;24&lt;/font&gt; million.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;"Excess Return Cash Incentives" means that at the end of each calendar year, the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany shall examine the Company's Stock Yield since January 1 of such year or, with respect to the first year of such grant &amp;#150; &lt;font&gt;since the date of its approval (an "Examined Period"), as compared to the TA 100 Index's Yield over such Examined Period; and to the extent that the Company's Stock Yield exceeds the TA 100 Index's Yield for such period, each of the Executive Office Holders shall receive an amount equal to &lt;font&gt;50&lt;/font&gt;% of his monthly Cost of Pay for each &lt;font&gt;1&lt;/font&gt;% of excess return (in percentage points' terms), or a relative amount in the event of a partial excess return.&lt;/font&gt; For the avoidance of doubt, in the event that the Company's Stock Yield during such period is negative, no grant shall be awarded.&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Excess Return Cash Incentive for each year shall not exceed an amount equal to the Executive Officer Holder's annual Cost of Pay.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 8%; vertical-align: top; text-align: center;" valign="top"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #fffff0;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 84%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;In the event that an Agreement is terminated during a calendar year, the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's compensation committee and board of directors shall determine the relative amounts out of the Target-based Cash Incentives and/or Excess Return Cash Incentives to which the relevant Executive Office Holder is entitled for the portion of the year during which the Agreement was in force; and these amounts shall be paid within &lt;font&gt;30&lt;/font&gt; days after the termination of service/employment, as the case may be.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 8%; vertical-align: top; text-align: center;" valign="top"&gt;&amp;#149;&lt;/td&gt;
&lt;td style="width: 84%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On the date of determination of each Executive Office Holder's entitlement for a Target-based Cash Incentive for a particular year, the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's compensation committee shall examine whether the total amount of grants to which Executive Officers are entitled with respect to such calendar year and which constitute variable components of their terms of services (the "Total Amount of Grants to Executive Officers"), exceed an amount equal to &lt;font&gt;10&lt;/font&gt;% of the Company's EBITDA for such year (the "EBITDA's Threshold"), as calculated in accordance with data extracted from the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's audited consolidated annual financial statements, after taking into account the Executive Officers' fixed compensation but excluding their variable compensation. In such event, the amount by which the Total Amount of Grants to Executive Officers exceeds the EBITDA's Threshold shall be referred to as the "Excess Amount".&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;

&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 8%; text-align: center; vertical-align: top;" valign="top"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #fffff0;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 84%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In the event that the Total Amount of Grants to Executive Officers exceeds the EBITDA's Threshold, then the Target-based Cash Incentive and the Excess Return Cash Incentive to which an Executive Office Holder is entitled (together, the "Grants") shall be reduced by an amount equal to the Executive Office Holder's Rate of Grants (as defined below) out of the Excess Amount. The term "Executive Office Holder's Rate of Grants" means, with respect to a particular Executive Office Holder, the percentage which such Executive Office Holder's Grants constitute out of the Total Amount of Grants to Executive Officers.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 8%; text-align: center; vertical-align: top;" valign="top"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #fffff0;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 84%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's board of directors shall have the right, under special circumstances at its discretion, to reduce the amount of Grants to which the Executive Office Holders are entitled, upon a &lt;font&gt;60&lt;/font&gt; days prior notice.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 8%; vertical-align: top; text-align: center;" valign="top"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #fffff0;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 84%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Executive Office Holder shall be required to return any compensation paid to them on the basis of results included in financial statements that turned out to be erroneous and were subsequently restated in the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany's financial statements published during the three year period following publication of the erroneous financial statements; to the extent they would not have been entitled to the compensation actually received had it been determined based on the restated financial statements. In such case, compensation amounts will be returned within &lt;font&gt;60&lt;/font&gt; days from the date of publication of the restated financial statements, net of taxes that were withheld thereon. If the Executive Office Holder has a right to reclaim such tax payments with respect to Grants which were paid in excess, from the relevant tax authorities, then the Executive Office Holder shall reasonably act to reclaim such amounts from the tax authorities and upon their receipt, shall remit them to the &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;C&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ompany.&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; In 2014 &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Executive Offices Holders &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;where ineligible to Target based cash incentives at the maximum rate of (150%)&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 63.8pt; text-align: justify; text-indent: -63.8pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%; vertical-align: top;" valign="top"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;G.&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 90%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; /* background-color: #ffffff; */"&gt;On January 28, 2014, the Company's general meeting of the of shareholders re-approved the terms of engagement of Mr. Avner Kurz as a consultant to Ituran Sistemas de Monitoramento Ltda, a Brazilian subsidiary of the Company, in accordance with an agreement dated February 23, 2012. Pursuant to the terms of this agreement, Mr. Kurz provided consultation services to the Brazilian subsidiary as an independent contractor, including services concerning: general strategy of the subsidiary, developing connections with the private market, infrastructure development and in any other area as is required from time to time. In addition, he was in direct contact with the chief executive officer of the subsidiary and its office holders, he was directly reporting to the Company's president and advised him regarding the aforementioned; Mr. Kurz undertook to stay at least eight times per year in Brazil at the subsidiary's offices and to invest no less than twenty monthly hours in providing the services; the term of the agreement automatically renews every &lt;font&gt;two&lt;/font&gt; years, although each party may terminate it with a &lt;font&gt;180&lt;/font&gt; days prior notice; and in consideration for the services described above, the Brazilian subsidiary paid Mr. Kurz a monthly amount of $&lt;font&gt;8,000&lt;/font&gt;, against the receipt of a tax invoice; and Mr. Kurz was entitled to receive a cellular phone and reimbursement of related expenses from the Company, payable against receipts &amp;#160;The aggregate amounts paid to Mr Kurz by virtue of this agreement for each of the years 2014, 2013 and 2012 were approximately&lt;/font&gt;&amp;#160;&lt;font style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; /* background-color: #ffffff; */"&gt;$&lt;font&gt;80,000&lt;/font&gt;, $&lt;font&gt;81,105&lt;/font&gt; and $&lt;font&gt;99,771&lt;/font&gt;, respectively. The agreement with Mr. Kurz was terminated on September 15, 2014 as the date of his resignation from the board.&lt;/font&gt;&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt; &lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 63.8pt; text-align: justify; text-indent: -63.8pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
  <itrn:ProfitBeforeTaxTargets id="Tag891" contextRef="C728585" unitRef="USD" decimals="-3">27500000</itrn:ProfitBeforeTaxTargets>
  <itrn:LevelOfIncentivePercentage id="Tag892" contextRef="C728586" unitRef="Pure" decimals="2">0.20</itrn:LevelOfIncentivePercentage>
  <itrn:ProfitBeforeTaxTargets id="Tag893" contextRef="C728587" unitRef="USD" decimals="-3">27501000</itrn:ProfitBeforeTaxTargets>
  <itrn:ProfitBeforeTaxTargets id="Tag894" contextRef="C728588" unitRef="USD" decimals="-3">31000000</itrn:ProfitBeforeTaxTargets>
  <itrn:LevelOfIncentivePercentage id="Tag895" contextRef="C728589" unitRef="Pure" decimals="2">0.45</itrn:LevelOfIncentivePercentage>
  <itrn:ProfitBeforeTaxTargets id="Tag896" contextRef="C728590" unitRef="USD" decimals="-3">31001000</itrn:ProfitBeforeTaxTargets>
  <itrn:ProfitBeforeTaxTargets id="Tag897" contextRef="C728591" unitRef="USD" decimals="-3">35000000</itrn:ProfitBeforeTaxTargets>
  <itrn:LevelOfIncentivePercentage id="Tag898" contextRef="C728592" unitRef="Pure" decimals="2">0.75</itrn:LevelOfIncentivePercentage>
  <itrn:ProfitBeforeTaxTargets id="Tag899" contextRef="C728593" unitRef="USD" decimals="-3">35001000</itrn:ProfitBeforeTaxTargets>
  <itrn:ProfitBeforeTaxTargets id="Tag900" contextRef="C728594" unitRef="USD" decimals="-3">39000000</itrn:ProfitBeforeTaxTargets>
  <itrn:LevelOfIncentivePercentage id="Tag901" contextRef="C728595" unitRef="Pure" decimals="2">1.10</itrn:LevelOfIncentivePercentage>
  <itrn:ProfitBeforeTaxTargets id="Tag902" contextRef="C728596" unitRef="USD" decimals="-3">39001000</itrn:ProfitBeforeTaxTargets>
  <itrn:LevelOfIncentivePercentage id="Tag903" contextRef="C728597" unitRef="Pure" decimals="2">1.50</itrn:LevelOfIncentivePercentage>
  <itrn:LevelOfIncentivePercentage id="Tag904" contextRef="C728599" unitRef="Pure" decimals="2">0.15</itrn:LevelOfIncentivePercentage>
  <itrn:ProfitBeforeTaxTargets id="Tag905" contextRef="C728599" unitRef="USD" decimals="-6">24000000</itrn:ProfitBeforeTaxTargets>
  <itrn:RelatedPartyTransactionPercentageOfMonthlyExpenseForEachSpecificExcessReturn id="Tag906" contextRef="C728600" unitRef="Pure" decimals="2">0.50</itrn:RelatedPartyTransactionPercentageOfMonthlyExpenseForEachSpecificExcessReturn>
  <itrn:RelatedPartyTransactionSpecificExcessReturnPercentageCriteria id="Tag907" contextRef="C728600" unitRef="Pure" decimals="2">0.01</itrn:RelatedPartyTransactionSpecificExcessReturnPercentageCriteria>
  <itrn:CashIncentiveAwardTerms id="Tag908" contextRef="C728600">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;since the date of its approval (an "Examined Period"), as compared to the TA 100 Index's Yield over such Examined Period; and to the extent that the Company's Stock Yield exceeds the TA 100 Index's Yield for such period, each of the Executive Office Holders shall receive an amount equal to &lt;font&gt;50&lt;/font&gt;% of his monthly Cost of Pay for each &lt;font&gt;1&lt;/font&gt;% of excess return (in percentage points' terms), or a relative amount in the event of a partial excess return.&lt;/div&gt;</itrn:CashIncentiveAwardTerms>
  <itrn:ScheduleOfTargetBasedCashIncentivesTableTextBlock id="Tag909" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="margin-left: 130pt;"&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;24,001&lt;/font&gt; - &lt;font&gt;27,500&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;20&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;27,501&lt;/font&gt;-&lt;font&gt;31,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;45&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;31,001&lt;/font&gt;-&lt;font&gt;35,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;75&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;35,001&lt;/font&gt;-&lt;font&gt;39,000&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;110&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Above &lt;font&gt;39,001&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;150&lt;/font&gt;%&lt;/font&gt;&lt;/p&gt;
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  <itrn:RelatedPartyTransactionTermOfAgreement id="Tag910" contextRef="C728566">P3Y</itrn:RelatedPartyTransactionTermOfAgreement>
  <itrn:RelatedPartyTransactionTermOfAgreement id="Tag911" contextRef="C728573">P3Y</itrn:RelatedPartyTransactionTermOfAgreement>
  <itrn:RelatedPartyTransactionNoticeRequiredToTerminateAgreement id="Tag912" contextRef="C766438">P180D</itrn:RelatedPartyTransactionNoticeRequiredToTerminateAgreement>
  <itrn:RelatedPartyTransactionMonthlyExpense id="Tag913" contextRef="C766438" unitRef="USD" decimals="0">8000</itrn:RelatedPartyTransactionMonthlyExpense>
  <us-gaap:RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty id="Tag914" contextRef="C766439" unitRef="USD" decimals="0">80000</us-gaap:RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty>
  <us-gaap:RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty id="Tag915" contextRef="C766440" unitRef="USD" decimals="0">81105</us-gaap:RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty>
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  <itrn:RelatedPartyTransactionTermOfAutomaticExtension id="Tag917" contextRef="C766438">P2Y</itrn:RelatedPartyTransactionTermOfAutomaticExtension>
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  <itrn:RelatedPartyTransactionPriorNoticePeriodForAmountOfGrants id="Tag920" contextRef="C728600">P60D</itrn:RelatedPartyTransactionPriorNoticePeriodForAmountOfGrants>
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  <us-gaap:GeneralInsuranceExpense id="Tag925" contextRef="C728557" unitRef="USD" decimals="-3">189000</us-gaap:GeneralInsuranceExpense>
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&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" align="center" colspan="10"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(in thousands)&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: center;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: center;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2012&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px; background-color: #cceeff;"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Income taxes (tax benefit):&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; width: 20px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; width: 20px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; width: 20px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Current taxes: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; In Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;7,564&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;6,060&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,896&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Outside Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,630&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;8,194&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;6,013&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;15,194&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;14,254&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;10,909&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 10px;"&gt;
&lt;p style="font-family: 'times new roman'; margin: 0pt 0pt 0pt 3pt;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Deferred taxes:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; In Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(471&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(503&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(249&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Outside Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(432&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(1,309&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,204&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(903&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(1,812&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;955&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;Taxes in respect of prior years:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; In Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(126&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Outside Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(45&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;5&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(48&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(45&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;5&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(174&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;14,246&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;12,447&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;11,690&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1045" contextRef="C727324" unitRef="ILS_per_USD" decimals="3">3.733</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1046" contextRef="C727325" unitRef="BRL_per_USD" decimals="4">2.0435</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1047" contextRef="C727326" unitRef="Pure" decimals="2">112.15</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1048" contextRef="C727327" unitRef="Pure" decimals="4">0.1204</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1049" contextRef="C727328" unitRef="Pure" decimals="4">0.1339</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock id="Tag1050" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70px;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right" colspan="8"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70px;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center;" align="right" colspan="8"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;strong&gt;2014&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; text-align: center;" align="left"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; text-align: center;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; text-align: center;" align="left"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;strong&gt;2013&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; text-align: center;" align="left"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; text-align: center;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;strong&gt;2012&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Pretax income &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;47,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;38,002&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;37,689&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Statutory tax rate &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;26.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;%&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;%&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Tax computed at the ordinary tax rate &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;12,607&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,500&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,422&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Nondeductible expenses &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;757&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,701&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;418&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Losses in respect of which no deferred taxes were generated (including reduction of deferred tax assets recorded in prior period) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(304&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;137&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,087&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deductible financial expenses recorded to&amp;#160;other comprehensive income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(365&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(312&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(244&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Taxes in respect of prior years &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;45&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;5&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(174&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Tax adjustment in respect of different tax rates &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,662&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,877&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,734&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Taxes in respect of withholding at the source from royalties and dividends &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;615&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;817&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;853&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Adjustment in respect of tax rate deriving from &amp;#147;approved enterprises&amp;#148; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(558&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(467&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(233&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(213&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(811&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(1,173&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;14,246&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;12,447&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;11,690&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
  <us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock id="Tag1051" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 68%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; The Company and its Israeli subsidiaries &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 68px; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;26,021&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;17,296&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,060&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10px; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Non-Israeli subsidiaries &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;21,553&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,706&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;17,629&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;47,574&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;38,002&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;37,689&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock>
  <us-gaap:ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock id="Tag1052" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="center"&gt;
&lt;table style="border-collapse: collapse; width: 76%; margin-left: 50px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 88%;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 12px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 88px; text-indent: 0px; background-color: #cceeff;"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;(in thousands)&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 88%;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Balance at January 1, 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 12%;" align="right"&gt;&lt;font&gt;439&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Translations differences related to the current year &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;33&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Balance at December 31, 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;472&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Translations differences related to the current year &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(51&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Balance at December 31, 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;421&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1053" contextRef="C727329" unitRef="Pure" decimals="3">-0.002</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1054" contextRef="C727330" unitRef="Pure" decimals="4">-0.0702</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1055" contextRef="C727331" unitRef="Pure" decimals="4">-0.1463</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1056" contextRef="C727332" unitRef="Pure" decimals="3">0.018</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1057" contextRef="C727333" unitRef="Pure" decimals="4">-0.0230</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1058" contextRef="C727334" unitRef="Pure" decimals="4">-0.0894</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear id="Tag1059" contextRef="C727335" unitRef="Pure" decimals="3">0.016</itrn:PercentageIncreaseDecreaseInExchangeRateDuringYear>
  <us-gaap:IncomeTaxDisclosureTextBlock id="Tag1060" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;div style="display: block;"&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 6%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;NOTE 15&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; width: 2%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; text-align: center;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 92%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;INCOME TAX&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" width="93%" style="font-family: 'times new roman'; font-size: 10pt; margin-left: 0.1px;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; text-align: left;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="padding: 0px 0px 0px 5px; width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; text-align: left;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;A.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Taxes on income included in the statements of income:&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;div style="display: block;"&gt;
&lt;div style="display: block;"&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center" colspan="10"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160; &amp;#160; US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" align="center" colspan="10"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;(in thousands)&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2014&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: center;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: center;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2012&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; text-align: center; width: 20px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px; background-color: #cceeff;"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Income taxes (tax benefit):&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; width: 20px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; width: 20px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; width: 20px; background-color: #cceeff;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Current taxes: &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 64%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; In Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;7,564&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;6,060&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,896&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Outside Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;7,630&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;8,194&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;6,013&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;15,194&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;14,254&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;10,909&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 10px;"&gt;
&lt;p style="font-family: 'times new roman'; margin: 0pt 0pt 0pt 3pt;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Deferred taxes:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; In Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(471&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(503&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(249&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Outside Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(432&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(1,309&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,204&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(903&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(1,812&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;955&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;Taxes in respect of prior years:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; In Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(126&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 29.85pt; text-indent: -7.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Outside Israel &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(45&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;5&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(48&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(45&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;5&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(174&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;14,246&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;12,447&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;11,690&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;B.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Measurement of results for tax purposes under the Income Tax (Inflationary Adjustments) Law, 1985 (the &amp;#147;Inflationary Adjustment Law&amp;#148;)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Until December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, 2007, the Company and its Israeli subsidiaries reported income for tax purposes in accordance with the provisions of the Inflationary Adjustments Law, whereby taxable income was measured in NIS, adjusted for changes in the Israeli Consumer Price Index where results of operations for tax purposes were measured in terms of earnings in NIS after adjustments for changes in the Israeli Consumer Price Index ("CPI").&amp;#160; Commencing January&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1, 2008, this law became void and in its place there are transition provisions, whereby the results of operations for tax purposes are measured on a nominal basis.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&amp;#160;&lt;br/&gt;&lt;/p&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;C.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;The Law for the Encouragement of Capital Investments, 1959 (the "Investment Law") &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 4%; text-align: left;" valign="top"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;1&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;.&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;On December, 2010, the Israeli parliament approved an amendment to the Investments Law, effective as of January 1, 2011, which introduces a new status of "Preferred Company" and "Preferred Enterprise". The amendment allows enterprises meeting certain required criteria to enjoy grants as well as tax benefits. The amendment also introduces certain changes to the map of geographic development areas for purposes of the Investments Law, which will take effect in future years. The amendment generally abolishes the previous tax benefit routes that were afforded under the Investment Law, specifically the tax-exemption periods previously allowed, and introduces new tax benefits for industrial enterprises meeting the criteria of the law, which include among others the following:&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;A reduced corporate tax rate for industrial enterprises, provided that more than &lt;font&gt;25&lt;/font&gt;% of their annual income is derived from export, which will apply to the enterprise's entire preferred income so that in the tax years 2011-2012 the reduced tax rate will be &lt;font&gt;15&lt;/font&gt;% for preferred income derived from industrial facilities located in located in areas which are not classifies as area A. In the tax years 2013&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;the reduced tax rate was &lt;font&gt;12.5&lt;/font&gt;%.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;On August 5, 2013 the Israeli Parliament amended the Investments Law, by which, inter alia, it canceled the scheduled progressive reduction in the corporate tax rate for Preferred Enterprises and set it at &lt;font&gt;16&lt;/font&gt;% for enterprises located elsewhere as of January 1, 2014.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;The reduced tax rates will no longer be contingent upon making a minimum qualifying investment in productive assets.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;2&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;.&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;As of December 31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;, only one Israeli subsidiary is entitled to a "Preferred Company" status pursuant to the investment law.&lt;/font&gt;&amp;#160; &amp;#160; &amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;D.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Israeli corporate tax rates&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On December 6, 2011, the Law for the Change in the Tax Burden (Legislative Amendments) &amp;#150; 2011 was publi&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;sh&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ed.&amp;#160; As part of this law, among other things, commencing from 2012 the Israeli corporate income tax rate was increased to &lt;font&gt;25&lt;/font&gt;%.&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;I&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;n addition, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;c&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;ommencing in 2012, the tax rate on capital gains in real terms and the tax rate applicable to betterment in real terms were increased to &lt;font&gt;25&lt;/font&gt;%.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;On July 30, 2013, the Israeli parliament approved the Law for the Change in National Priorities (Legislative Amendments to Achieve Budgetary Goals for 2013 and 2014) &amp;#150; 2013 (hereinafter &amp;#150; the &amp;#147;Law for the Change in National Priorities&amp;#148;), which, among other&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; things increased&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; the standard Israeli corporate income tax rate from &lt;font&gt;25&lt;/font&gt;% to &lt;font&gt;26.5&lt;/font&gt;% effective as of&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;January&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;1,&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;2014. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; This change of tax rate did not have material effect on the deferred tax assets of the Company and its Israeli subsidiaries.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;E.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Non-Israeli subsidiaries&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; orphans: 0; text-align: justify; text-indent: -22.75pt; widows: 0; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;Non-Israeli subsidiaries are taxed according to the tax laws and rates in their country of residence.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td valign="top" style="vertical-align: top;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: bold; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #fffff0;"&gt;F.&lt;/font&gt;&lt;/td&gt;
&lt;td&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: bold; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;Use of assumptions and judgements&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: bold; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top;" valign="top"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td&gt;
&lt;p style="margin: 0px; text-align: justify; text-indent: 0px; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;The application of income tax law is inherently complex. Laws and regulations in this area are voluminous and can be ambiguous; the Company is, therefore, obliged to make many subjective assumptions and judgments regarding the application of such laws and regulations to its facts and circumstances. In addition, interpretations of and guidance surrounding income tax laws and regulations are subject to changes over time. Any changes in the Company's subjective assumptions and judgments could materially affect amounts recognized in its consolidated balance sheets and statements of income.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; orphans: 0; text-align: justify; text-indent: -22.75pt; widows: 0; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&lt;/font&gt;&amp;#160;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;G.&lt;/strong&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Tax assessments&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;The Company has received final tax assessments through the 200&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;9&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt; tax year.&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;On August 4, 2014, the Company announced that it received from the Israeli tax authority ("ITA") tax assessments for the years &lt;font&gt;2010&lt;/font&gt;-&lt;font&gt;2012&lt;/font&gt; amounting to NIS&amp;#160;&lt;font&gt;36&lt;/font&gt; million (approximately US$&amp;#160;&lt;font&gt;10.5&lt;/font&gt; million). Approximately 50% is due to disallowance of various deductions and the remaining balance is due to timing differences of the deduction of certain expenses, which will be deducted in the coming years.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;The Company filed an objection with the ITA for the above Tax Assessments. The Company believes, considering the advice of professional advisors, that the Tax Assessments should be significantly reduced or overruled and that the ITA assessment is without merits and intends to vigorously defend its position.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;As a result of the above, no adjustment was required to be recorded with respect to amounts that were previously recorded for the respective tax matters.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #ffffff;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;A certain Israeli subsidiary has received final tax assessments through the 2009&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;tax year.&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;The subsidiary in Brazil has received final tax assessments through the 2008 tax year and the subsidiary in America through 2006.&amp;#160; &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;The other subsidiaries have not been assessed since incorporation.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;

&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;H.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Carry forward tax losses&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;As of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;31, 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;, the Company and its subsidiaries in Brazil and Argentina have no carry forward tax losses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;Carry forward tax losses of a certain Israeli subsidiary as of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;31, 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt; amount to approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;font&gt;0.8&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt; million.&amp;#160; Carry forward tax losses in Israel may be utilized indefinitely.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0px; text-align: justify; font-family: 'times new roman'; text-indent: 0px;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;As of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;31, 201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;, the Company's non-Israeli subsidiary in the United States has available estimated carry forward foreign tax credits tax approximately US$&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt;&lt;font&gt;13.6&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: normal;"&gt; million.&amp;#160; Such carry forward tax losses may be utilized until 2022.&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;I.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"&gt;The following is a reconciliation between the theoretical tax on pretax income, at the applicable Israeli tax rate, and the tax expense reported in the financial statements:&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70px;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right" colspan="8"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70px;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center;" align="right" colspan="8"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;strong&gt;2014&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; text-align: center;" align="left"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; text-align: center;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; text-align: center;" align="left"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;strong&gt;2013&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; text-align: center;" align="left"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; text-align: center;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;strong&gt;2012&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 70%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Pretax income &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;47,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;38,002&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;37,689&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Statutory tax rate &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;26.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;%&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;%&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Tax computed at the ordinary tax rate &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;12,607&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,500&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;9,422&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Nondeductible expenses &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;757&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,701&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;418&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Losses in respect of which no deferred taxes were generated (including reduction of deferred tax assets recorded in prior period) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(304&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;137&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;1,087&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deductible financial expenses recorded to&amp;#160;other comprehensive income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(365&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(312&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(244&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Taxes in respect of prior years &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;45&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;5&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(174&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Tax adjustment in respect of different tax rates &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,662&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,877&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;1,734&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Taxes in respect of withholding at the source from royalties and dividends &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;615&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;817&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;853&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Adjustment in respect of tax rate deriving from &amp;#147;approved enterprises&amp;#148; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(558&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(467&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(233&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Others &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(213&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(811&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(1,173&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;14,246&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;12,447&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;11,690&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;J.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Summary of deferred taxes&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;div&gt;
&lt;div style="display: block;"&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;strong style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #fffff0;"&gt;&lt;font style="color: #000000; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #ffffff;"&gt;Composition:&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;" colspan="3"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Year ended&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Deferred taxes included in other current assets:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 77%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Provision for employee related obligations &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 10%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;130&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 10%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;139&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Provision for legal obligation and other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,519&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,553&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,649&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,692&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;

&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Composition:&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80px;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right" colspan="3"&gt;&lt;strong&gt;US dollars&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80px;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center;" align="right" colspan="3"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Year ended&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;December 31,&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;strong&gt;2014&amp;#160;&lt;/strong&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; text-align: center;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;strong&gt;2013&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;Long-term deferred income taxes:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Provision for employee related obligations &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;678&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;533&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Carry forward tax losses and foreign tax credit&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,223&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,029&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Temporary differences, net &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;1,010&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;1,982&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,911&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;6,544&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Valuation allowance &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(2,175&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(2,979&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,736&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,565&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Composition:&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deferred income taxes included in long-term investments and other assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,886&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,781&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deferred income taxes included in long-term liabilities &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(150&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(216&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,736&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,565&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-indent: -68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;K.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Income before income taxes is composed as follows:&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman';"&gt;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; border-bottom: #000000 1pt solid !important; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 68%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; The Company and its Israeli subsidiaries &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 68px; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;26,021&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;17,296&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,060&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 10px; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Non-Israeli subsidiaries &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;21,553&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;20,706&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;17,629&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'times new roman'; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;47,574&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;38,002&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;37,689&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: right; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"&gt;

&lt;tr valign="top"&gt;
&lt;td style="width: 8%;"&gt;
&lt;div&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 4%;"&gt;
&lt;div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;L.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 88%;"&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;Uncertain tax positions&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/div&gt;
&lt;div align="justify"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"&gt;The Company and its subsidiaries files income tax returns in Israel, US, Argentina and Brazil.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify"&gt;&lt;strong&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"&gt;&lt;/font&gt;&lt;/strong&gt;&lt;br/&gt;&lt;/div&gt;
&lt;div align="justify"&gt;&lt;strong&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"&gt;Reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:&lt;/font&gt;&lt;/strong&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;div align="center"&gt;
&lt;table style="border-collapse: collapse; width: 76%; margin-left: 50px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 88%;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 12px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 88px; text-indent: 0px; background-color: #cceeff;"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;(in thousands)&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 88%;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Balance at January 1, 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 12%;" align="right"&gt;&lt;font&gt;439&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Translations differences related to the current year &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;33&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Balance at December 31, 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;472&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Translations differences related to the current year &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;(51&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Balance at December 31, 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;421&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;The Company anticipates that it is reasonably possible that over the next twelve months the amount of unrecognized tax benefits could be reduced to zero, therefore as of December&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;31, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;201&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;the liability with respect to uncertain tax positions is presented as short-term liability in the balance sheet (within "Other current liabilities").&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:EquityMethodInvestmentOwnershipPercentage id="Tag1061" contextRef="C727285" unitRef="Pure" decimals="2">0.50</us-gaap:EquityMethodInvestmentOwnershipPercentage>
  <us-gaap:EquityMethodInvestmentOwnershipPercentage id="Tag1062" contextRef="C727287" unitRef="Pure" decimals="2">0.20</us-gaap:EquityMethodInvestmentOwnershipPercentage>
  <itrn:RateOfDepreciation id="Tag1063" contextRef="C727336" unitRef="Pure" decimals="2">0.20</itrn:RateOfDepreciation>
  <itrn:RateOfDepreciation id="Tag1064" contextRef="C727338" unitRef="Pure" decimals="3">0.065</itrn:RateOfDepreciation>
  <itrn:RateOfDepreciation id="Tag1065" contextRef="C727339" unitRef="Pure" decimals="2">0.33</itrn:RateOfDepreciation>
  <itrn:RateOfDepreciation id="Tag1066" contextRef="C727340" unitRef="Pure" decimals="2">0.07</itrn:RateOfDepreciation>
  <itrn:RateOfDepreciation id="Tag1067" contextRef="C727341" unitRef="Pure" decimals="2">0.33</itrn:RateOfDepreciation>
  <itrn:RateOfDepreciation id="Tag1068" contextRef="C727342" unitRef="Pure" decimals="3">0.025</itrn:RateOfDepreciation>
  <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock id="Tag1069" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;strong style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #fffff0;"&gt;&lt;font style="color: #000000; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #ffffff;"&gt;Composition:&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;US dollars&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;" colspan="3"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Year ended&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2013&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 20px;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Deferred taxes included in other current assets:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt 3pt 11.35pt; text-indent: -11.35pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 3pt 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 77%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Provision for employee related obligations &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 10%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;font&gt;130&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 10%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;139&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; width: 1%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Provision for legal obligation and other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,519&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,553&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,649&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; &lt;font&gt;3,692&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; text-align: right;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;

&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Composition:&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80px;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right" colspan="3"&gt;&lt;strong&gt;US dollars&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80px;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center;" align="right" colspan="3"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;Year ended&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;December 31,&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman'; text-align: left;"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;strong&gt;2014&amp;#160;&lt;/strong&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; text-align: center;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;strong&gt;2013&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80px; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;Long-term deferred income taxes:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10px; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80%;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Provision for employee related obligations &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;678&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;533&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Carry forward tax losses and foreign tax credit&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,223&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,029&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Temporary differences, net &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;1,010&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;1,982&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;4,911&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;6,544&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Valuation allowance &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(2,175&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(2,979&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,736&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,565&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 8%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 4%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 88%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Composition:&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;div align="right"&gt;
&lt;table style="border-collapse: collapse; width: 85%; margin-left: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;US dollars&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center" colspan="5"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;Year ended&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;(in thousands)&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2014&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;2013&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 20px;" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 80%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;"&gt;
&lt;p style="margin: 6pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deferred income taxes included in long-term investments and other assets &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,886&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 0%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,781&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 0%; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt 0pt 0pt 9.95pt; text-indent: -9.95pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'Times New Roman'; font-size: 10pt;"&gt; Deferred income taxes included in long-term liabilities &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(150&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;(216&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;2,736&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"&gt;&lt;font&gt;3,565&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
  <itrn:TaxRateOnCapitalGains id="Tag1070" contextRef="C728485" unitRef="Pure" decimals="2">0.25</itrn:TaxRateOnCapitalGains>
  <us-gaap:OperatingLossCarryforwardsExpirationDate id="Tag1071" contextRef="C728491">2022-12-31</us-gaap:OperatingLossCarryforwardsExpirationDate>
  <us-gaap:IncomeTaxExaminationYearUnderExamination id="Tag1072" contextRef="C753025">2010</us-gaap:IncomeTaxExaminationYearUnderExamination>
  <us-gaap:IncomeTaxExaminationYearUnderExamination id="Tag1073" contextRef="C753026">2012</us-gaap:IncomeTaxExaminationYearUnderExamination>
  <us-gaap:IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear id="Tag1074" contextRef="C754463" unitRef="ILS" decimals="-6">36000000</us-gaap:IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear>
  <us-gaap:IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear id="Tag1075" contextRef="C753028" unitRef="USD" decimals="-5">10500000</us-gaap:IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1076" contextRef="C727318" unitRef="Pure" decimals="3">3.889</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1077" contextRef="C727319" unitRef="Pure" decimals="4">2.6562</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1078" contextRef="C727320" unitRef="Pure" decimals="2">113.96</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1079" contextRef="C727321" unitRef="Pure" decimals="3">3.471</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1080" contextRef="C727322" unitRef="Pure" decimals="4">2.3426</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <us-gaap:ForeignCurrencyExchangeRateTranslation1 id="Tag1081" contextRef="C727323" unitRef="Pure" decimals="2">114.18</us-gaap:ForeignCurrencyExchangeRateTranslation1>
  <itrn:RateOfDepreciation id="Tag1082" contextRef="C727343" unitRef="Pure" decimals="2">0.15</itrn:RateOfDepreciation>
  <us-gaap:FiniteLivedIntangibleAssetUsefulLife id="Tag1083" contextRef="C727353">P10Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
  <us-gaap:FiniteLivedIntangibleAssetUsefulLife id="Tag1084" contextRef="C727354">P5Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
  <us-gaap:FiniteLivedIntangibleAssetUsefulLife id="Tag1085" contextRef="C727355">P15Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
  <us-gaap:FiniteLivedIntangibleAssetUsefulLife id="Tag1086" contextRef="C727356">P3Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
  <us-gaap:FiniteLivedIntangibleAssetUsefulLife id="Tag1087" contextRef="C727357">P10Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
  <us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag1088" contextRef="C727286" unitRef="USD" decimals="0">43000</us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
  <us-gaap:SeveranceCosts1 id="Tag1089" contextRef="C727286" unitRef="USD" decimals="0">1460000</us-gaap:SeveranceCosts1>
  <us-gaap:Goodwill id="Tag1090" contextRef="C727290" unitRef="USD" decimals="-5">1500000</us-gaap:Goodwill>
  <us-gaap:GoodwillFairValueDisclosure id="Tag1091" contextRef="C727290" unitRef="USD" decimals="-5">700000</us-gaap:GoodwillFairValueDisclosure>
  <us-gaap:Goodwill id="Tag1092" contextRef="C728607" unitRef="USD" decimals="-5">4800000</us-gaap:Goodwill>
  <us-gaap:Goodwill id="Tag1093" contextRef="C727307" unitRef="USD" decimals="-5">2600000</us-gaap:Goodwill>
  <us-gaap:Goodwill id="Tag1094" contextRef="C727308" unitRef="USD" decimals="-5">500000</us-gaap:Goodwill>
  <us-gaap:Goodwill id="Tag1095" contextRef="C727309" unitRef="USD" decimals="-5">1700000</us-gaap:Goodwill>
  <us-gaap:GoodwillFairValueDisclosure id="Tag1096" contextRef="C727307" unitRef="USD" decimals="-5">1700000</us-gaap:GoodwillFairValueDisclosure>
  <us-gaap:GoodwillFairValueDisclosure id="Tag1097" contextRef="C727308" unitRef="USD" decimals="-6">0</us-gaap:GoodwillFairValueDisclosure>
  <us-gaap:GoodwillFairValueDisclosure id="Tag1098" contextRef="C727309" unitRef="USD" decimals="-6">0</us-gaap:GoodwillFairValueDisclosure>
  <us-gaap:GoodwillImpairmentLoss id="Tag1099" contextRef="C728540" unitRef="USD" decimals="-5">3100000</us-gaap:GoodwillImpairmentLoss>
  <itrn:ScheduleOfExchangeRatesTableTextBlock id="Tag1100" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
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&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="7" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Exchange rate&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;of one US dollar&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; /* border-top-width: 1pt !important; */ /* border-top-style: solid !important; */ /* border-top-color: #000000 !important; */ border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Israeli CPI&lt;/strong&gt;&lt;font style="vertical-align: middle;"&gt;&lt;strong&gt;(*)&lt;/strong&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;" colspan="3" align="center"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NIS&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;" colspan="3" align="center"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Real&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;At December 31&lt;/strong&gt;,&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.889&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.6562&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;113.96&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.471&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.3426&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;114.18&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2012 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; text-align: center; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.733&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.0435&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;112.15&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Increase (decrease) during the year:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 63%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12.04&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13.39&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(0.2&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(7.02&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(14.63&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.8&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2012 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(2.30&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(8.94&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.6&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="85.7%" cellpadding="0" border="0" cellspacing="0" style="/* margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: -30.2666664123535px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"&gt;(*) &amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Based on the Index for the month ending on each balance sheet date, on the basis of 2008 average 100.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</itrn:ScheduleOfExchangeRatesTableTextBlock>
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&lt;div style="/* margin-left: 110pt;" align="center"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table style="border-collapse: collapse; margin-left: 0px; margin-right: 0.1px;" cellspacing="0" cellpadding="0" width="68%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;%&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 34%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Operating equipment (mainly &lt;font&gt;20&lt;/font&gt;%-&lt;font&gt;33&lt;/font&gt;%) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 28%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;6.5&lt;/font&gt;-&lt;font&gt;33&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Office&amp;#160;furniture,&amp;#160;equipment&amp;#160;and&amp;#160;computers &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;7&lt;/font&gt;-&lt;font&gt;33&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Buildings &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2.5&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Vehicles &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;15&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: top; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Leasehold improvements &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;Duration&amp;#160;of&amp;#160;the&amp;#160;lease&amp;#160;which&lt;br/&gt;is&amp;#160;less&amp;#160;or&amp;#160;equal&amp;#160;to&amp;#160;useful&amp;#160;life.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</itrn:PropertyPlantAndEquipmentDepreciationRatesTableTextBlock>
  <itrn:ScheduleOfFiniteLivedIntangibleAssetsUsefulLifeTableTextBlock id="Tag1102" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;div style="/* margin-left: 110pt;" class="CursorPointer" align="center"&gt;
&lt;table style="border-collapse: collapse; width: 65%; margin-right: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Years&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 38%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; GIS database &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;10&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Customer base &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Brand name &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;15&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3&lt;/font&gt;-&lt;font&gt;10&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</itrn:ScheduleOfFiniteLivedIntangibleAssetsUsefulLifeTableTextBlock>
  <us-gaap:AllowanceForDoubtfulAccountsReceivable id="Tag1103" contextRef="C727281" unitRef="USD" decimals="0">2391000</us-gaap:AllowanceForDoubtfulAccountsReceivable>
  <us-gaap:AllowanceForDoubtfulAccountsReceivable id="Tag1104" contextRef="C727282" unitRef="USD" decimals="0">1945000</us-gaap:AllowanceForDoubtfulAccountsReceivable>
  <us-gaap:SeveranceCosts1 id="Tag1105" contextRef="C727288" unitRef="USD" decimals="0">882000</us-gaap:SeveranceCosts1>
  <us-gaap:SeveranceCosts1 id="Tag1106" contextRef="C727289" unitRef="USD" decimals="0">1204000</us-gaap:SeveranceCosts1>
  <us-gaap:AdvertisingExpense id="Tag1107" contextRef="C727286" unitRef="USD" decimals="-5">6700000</us-gaap:AdvertisingExpense>
  <us-gaap:AdvertisingExpense id="Tag1108" contextRef="C727288" unitRef="USD" decimals="-5">7600000</us-gaap:AdvertisingExpense>
  <us-gaap:AdvertisingExpense id="Tag1109" contextRef="C727289" unitRef="USD" decimals="-5">6600000</us-gaap:AdvertisingExpense>
  <us-gaap:SignificantAccountingPoliciesTextBlock id="Tag1110" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;h4 style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NOTE 1&lt;/strong&gt;&lt;strong&gt;&amp;#160; &lt;/strong&gt;&lt;strong&gt;-&lt;/strong&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&lt;/strong&gt;&lt;strong&gt;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES&lt;/strong&gt;&lt;/font&gt;&lt;/h4&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;A.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/strong&gt;&lt;strong&gt;General&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.5pt; text-align: justify; text-indent: -22.75pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;1.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Operations&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 136.1pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;a.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Ituran Location and Control Ltd. (the &amp;#147;Company&amp;#148;) commenced operations in 1994.&amp;#160; The Company and its subsidiaries (the &amp;#147;Group&amp;#148;) are engaged in the provision of Location based services and machine-to-machine Wireless communications products for use in stolen vehicle recovery, fleet management and other applications.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 136.1pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;b.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Regarding the tax dispute in Brazil, see Note 11A3.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/strong&gt;&lt;strong&gt;Functional currency and translation to the reporting currency&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The functional currency of the Company and its subsidiaries located in Israel is the New Israeli Shekel (&amp;#147;NIS&amp;#148;), which is the local currency in which those entities operate.&amp;#160; The functional currency of the foreign subsidiaries of the Group is their respective local currency.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The consolidated financial statements of the Company and all of its subsidiaries were translated into U.S. dollars in accordance with the standards of the Financial Accounting Standards Board ("FASB").&amp;#160; Accordingly, assets and liabilities were translated from local currencies to U.S. dollars using yearend exchange rates, and income and expense items were translated at average exchange rates during the year.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Gains or losses resulting from translation adjustments (which result from translating an entity's financial statements into U.S. dollars if its functional currency is different than the U.S. dollar) are reported in other comprehensive income and are reflected in equity, under &amp;#147;accumulated other comprehensive income (loss)&amp;#148;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Balances denominated in, or linked to foreign currency are stated on the basis of the exchange rates prevailing at the balance sheet date.&amp;#160; For foreign currency transactions included in the statement of income, the exchange rates applicable on the relevant transaction dates are used.&amp;#160; Transaction gains or losses arising from changes in the exchange rates used in the translation of such balances are carried to financing income or expenses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The following table presents data regarding the dollar exchange rate of relevant currencies and the Israeli CPI:&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table style="border-collapse: collapse; width: 83%; /* margin-right: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="7" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Exchange rate&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;of one US dollar&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; /* border-top-width: 1pt !important; */ /* border-top-style: solid !important; */ /* border-top-color: #000000 !important; */ border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Israeli CPI&lt;/strong&gt;&lt;font style="vertical-align: middle;"&gt;&lt;strong&gt;(*)&lt;/strong&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;" colspan="3" align="center"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NIS&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;" colspan="3" align="center"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Real&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;At December 31&lt;/strong&gt;,&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.889&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.6562&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;113.96&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.471&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.3426&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;114.18&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2012 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; text-align: center; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.733&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.0435&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;112.15&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Increase (decrease) during the year:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 63%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12.04&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13.39&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(0.2&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(7.02&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(14.63&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.8&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2012 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(2.30&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(8.94&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.6&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="85.7%" cellpadding="0" border="0" cellspacing="0" style="/* margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: -30.2666664123535px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"&gt;(*) &amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Based on the Index for the month ending on each balance sheet date, on the basis of 2008 average 100.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.4pt; orphans: 0; text-align: justify; text-indent: -22.7pt; widows: 0; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;3.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Basis of presentation&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (&amp;#147;US GAAP&amp;#148;).&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.4pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;4.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Use of estimates in the preparation of financial statements&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods.&amp;#160; Actual results could differ from the estimates.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As applicable to these consolidated financial statements, the most significant estimates and assumptions relate to contingencies, revenue recognition, goodwill impairment assessment, deferred taxes and tax liabilities and uncertainties.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal;"&gt;&amp;#160;&lt;/font&gt;&lt;/h4&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;B.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Principles of consolidation&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The consolidated financial statements include the accounts of the Company and all of its subsidiaries.&amp;#160; In these financial statements, the term &amp;#147;subsidiary&amp;#148; refers to a company over which the Company exerts control (ownership interest of more than &lt;font&gt;50&lt;/font&gt;%), and the financial statements of which are consolidated with those of the Company.&amp;#160; Significant intercompany transactions and balances are eliminated upon consolidation; profits from intercompany sales, not yet realized outside of the Group, are also eliminated.&amp;#160; Non-controlling interests are presented in equity.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Changes in the Company ownership interest in a subsidiary while the control is retained are accounted for as equity transactions and accordingly no gain or loss is recognized in consolidated net income or comprehensive income. Upon such transaction, the carrying amount of the noncontrolling interest is adjusted to reflect the change in its ownership interest in the subsidiary and any difference between the fair value of the consideration received or paid and the amount by which the noncontrolling interest was adjusted is recognized in additional paid-in capital.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;C.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Cash &lt;/strong&gt;&lt;strong&gt;and&lt;/strong&gt;&lt;strong&gt; cash equivalents&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Group considers all highly liquid investments, which include short-term bank deposits that are not restricted as to withdrawal or use, and short-term debentures, with original periods to maturity not exceeding three months, to be cash equivalents.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;D.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Deposits in escrow&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Restricted cash is invested in certificates of deposit, which are used to ensure certain representations and warranties to third parties.&amp;#160; See Note&amp;#160;11A1.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Such deposits are presented in the balance sheets as current assets or as long-term assets based on management's assessment regarding their realization.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;E.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Marketable securities&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company accounts for investments in marketable securities in accordance with ASC Topic 320-10, &lt;font style="font-style: italic;"&gt;"Investments - Debt and Equity Securities"&lt;/font&gt; (&amp;#147;ASC Topic 320-10&amp;#148;). Management determines the appropriate classification of its investments in marketable securities at the time of purchase and reassesses such determination at each balance sheet date. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The investments in marketable securities covered by ASC Topic 320-10 that were held by the Company during the reported periods were designated by management as trading securities. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Trading securities are stated at market value. The changes in market value are charged to financing income or expenses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Trading gains for the year 2014 amounted to US$ &lt;font&gt;133,000&lt;/font&gt;&amp;#160;and trading gains for the years 2013 and 2012, in respect of trading securities held by the Group were insignificant.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;

&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;F.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;T&lt;/strong&gt;&lt;strong&gt;reasury stock&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Company shares held by the Company and its subsidiary are presented as a reduction of equity, at their cost, under the caption &amp;#147;Treasury Stock&amp;#148;. Gains and losses upon sale of these shares, net of related income taxes, are recorded as additional paid in capital.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;G.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Allowance for doubtful accounts&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The allowance for doubtful accounts is determined with respect to amounts the Group has determined to be doubtful of collection. In determining the allowance for doubtful accounts, the Company considers, among other things, its past experience with customers, the length of time that the balance is post due, the customer's current ability to pay and available information about the credit risk on such customers.&amp;#160; See also Note&amp;#160;19A.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The allowance in respect of accounts receivable at December&amp;#160;31, 2014 and 2013 was US$&amp;#160;&lt;font&gt;2,391,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;1,945,000&lt;/font&gt;, respectively.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;H.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Inventories&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Inventories are stated at the lower of cost or market.&amp;#160; Cost is determined as follows: raw materials and finished products &amp;#150; mainly on the basis of first-in, first-out (FIFO); work in progress &amp;#150; on the basis of direct production costs including materials, labor and subcontractors.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;I.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Investment in affiliated companies&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Investments in companies in which the Group has significant influence (ownership interest of between &lt;font&gt;20&lt;/font&gt;% and &lt;font&gt;50&lt;/font&gt;%) but less than controlling interests, are accounted for by the equity method.&amp;#160; Income on intercompany sales, not yet realized outside of the Group, was eliminated.&amp;#160; The Company also reviews these investments for impairment whenever events indicate the carrying amount may not be recoverable.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Investments in companies in which the company no longer has significant influence, are classified as "investments in other companies".&amp;#160; See J. below.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;J.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Investment in other companies&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Non-marketable investments in other companies in which the Company does not have a controlling interest nor significant influence are accounted for at cost, net of write down for any permanent decrease in value.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; /* page-break-after: avoid; */ /* page-break-inside: avoid; */ text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;K.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Derivatives&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The group applies the provisions of ASC Topic 815, &lt;font style="font-style: italic;"&gt;"Derivatives and Hedging"&lt;/font&gt;.&amp;#160; In accordance with ASC Topic 815, all the derivative financial instruments are recognized as either assets or liabilities on the balance sheet at fair value. The accounting for changes in the fair value of a derivative financial instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. For derivative financial instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of a net investment in a foreign operation.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;From time to time the Company carries out transactions involving foreign exchange derivative financial instruments (mainly forward exchange contracts) which are designed to hedge the cash flows expected to be paid with respect to forecasted purchases of inventory, denominated in currencies other than the functional currency of the Company. Such transactions were designated as hedging instruments on the date that the Company entered into such derivative contracts, and qualify as cash flow hedges under ASC Topic 815. &lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The effective portion of the changes in fair value of the derivative instruments designated for hedging purposes are reported as other comprehensive income (loss), net of tax under the caption "unrealized gains (losses) in respect of derivative financial instruments designated for cash flow hedge" and are reclassified to the statements of income when the hedged transaction realizes (i.e when the related inventory is sold). During the reporting periods, the gains or losses that were recognized in earnings for hedge ineffectiveness were insignificant. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;All other derivatives which do not qualify for hedge accounting, or which have not been designated as hedging instruments, are recognized in the balance sheet at their fair value, with changes in the fair value carried to the statements of income as incurred in financing income (expenses), net.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;See also Note 19B for further information.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;L.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Property and equipment&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.&amp;#160; Leasehold improvements are depreciated on the straight-line method over the shorter of the estimated useful life of the property or the duration of the lease.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 113.4pt; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Rates of depreciation:&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="/* margin-left: 110pt;" align="center"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table style="border-collapse: collapse; margin-left: 0px; margin-right: 0.1px;" cellspacing="0" cellpadding="0" width="68%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;%&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 34%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Operating equipment (mainly &lt;font&gt;20&lt;/font&gt;%-&lt;font&gt;33&lt;/font&gt;%) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 28%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;6.5&lt;/font&gt;-&lt;font&gt;33&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Office&amp;#160;furniture,&amp;#160;equipment&amp;#160;and&amp;#160;computers &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;7&lt;/font&gt;-&lt;font&gt;33&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Buildings &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2.5&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Vehicles &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;15&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: top; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Leasehold improvements &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;Duration&amp;#160;of&amp;#160;the&amp;#160;lease&amp;#160;which&lt;br/&gt;is&amp;#160;less&amp;#160;or&amp;#160;equal&amp;#160;to&amp;#160;useful&amp;#160;life.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;M.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Impairment of long-lived assets&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The Group's long-lived assets are reviewed for impairment, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&amp;#160; Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset.&amp;#160; If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value (see also Note 1O and Notes 7 and 8).&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;N.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Income taxes&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Group accounts for income taxes in accordance with ASC Topic 740-10,&lt;font style="font-style: italic;"&gt; "Income Taxes"&lt;/font&gt;. According to this guidance, deferred income taxes are determined utilizing the asset and liability method based on the estimated future tax effects of differences between the financial accounting and the tax bases of assets and liabilities under the applicable tax law.&amp;#160; Deferred tax balances are computed using the tax rates expected to be in effect at the time when these differences reverse. Valuation allowances in respect of the deferred tax assets are provided for if, based upon the weight of available evidence, it is more likely than not that all or a portion of the deferred income tax assets will not be realized.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;US GAAP provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained were to be challenged by a taxing authority.&amp;#160; The assessment of a tax position is based solely on the technical merits of the position, without regard the likelihood that the tax position may be challenged.&amp;#160; If an uncertain tax position meets the "more-likely-than-not" threshold, the largest amount of tax benefit that is greater than 50% likely to be recognized upon ultimate settlement with the taxing authority is recorded.&amp;#160; See also Note&amp;#160;15K.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company recognizes interest as interest expenses (among financing expenses) and penalties, if any, related to unrecognized tax benefits in its provision for income tax.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;O.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Goodwill and intangible assets&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; text-indent: -22.8pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Goodwill represents the excess of the purchase price over the fair value of the identifiable net assets acquired in business combinations accounted for in accordance with the "purchase method" and is allocated to reporting units at acquisition.&amp;#160;&amp;#160;Goodwill is not amortized but rather tested for impairment at least annually in accordance with the provisions of ASC Topic 350, "Intangibles - Goodwill and Other".&amp;#160;&amp;#160;The Company performs its goodwill annual impairment test for the reporting units at December 31 of each year, or more often if indicators of impairment are present.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As required by ASC Topic 350, , the Company chooses either to perform a qualitative assessment whether the two-step goodwill impairment test is necessary or proceeds directly to the two-step goodwill impairment test. Such determination is made for each reporting unit on a stand-alone basis.&amp;#160; The qualitative assessment includes various factors such as macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, earnings multiples, gross margin and cash flows from operating activities and other relevant factors. When the Company chooses to perform a qualitative assessment and determines that it is more likely than not (a more than 50 percent likelihood) that the fair value of the reporting unit is less than its carrying value, then the Company proceeds to the two-step goodwill impairment test. If the Company determines Otherwise, no further evaluation is necessary.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;When the Company decides or is required to perform the two-step goodwill impairment test, the Company compares the fair value of the reporting unit to its carrying value ("step 1"). If the fair value of the reporting unit exceeds the carrying value of the reporting unit net assets (including the goodwill allocated to such reporting unit), goodwill is considered not to be impaired, and no further testing is required. If the carrying value exceeds the fair value of the reporting unit, then the implied fair value of goodwill is determined by subtracting the fair value of all the identifiable net assets from the fair value of the reporting unit. An impairment loss is recorded for the excess, if any, of the carrying value of the goodwill allocated to the reporting unit over its implied fair value ("step 2").&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;There are a number of generally accepted methods used for valuing a reporting unit: &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The &amp;#145;income approach' utilizes discounted forecasted cash flows, the &amp;#145;Market &amp;#150; approach which utilize pricing multiples of business entities with publicly traded securities whose business and financial risks are comparable to those of the reporting unit being valued and the &amp;#145;Asset - based approach'&amp;#160; which establishes a value based on the cost of reproducing or replacing the asset being valued. These methods described may be used alone or in combination with one another.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company applies assumptions that market participants would consider in determining the fair value of each reporting unit and the fair value of the identifiable assets and liabilities of the reporting units, as applicable.&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company performed a qualitative assessment for two reporting units as of December 31,&amp;#160;2014 and 2013, and concluded that the qualitative assessment did not result in a more likely than not indication of impairment, and therefore no further impairment testing was required, with respect to such units.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;For other reporting unit (three&amp;#160;different units in 2013), operating in Israel, the Company elected to bypass the qualitative assessment and proceeded directly to performing the first step of the goodwill impairment test.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In order to determine the fair value of that&amp;#160;reporting unit, the Company utilized the "income approach". According to the income approach expected future cash flows are discounted to their present value using an appropriate rate of return. Judgments and assumptions related to future cash flows (projected revenues, operating expenses, and capital expenditures), future short-term and long-term growth rates, and weighted average cost of capital, which are based on management's internal assumptions, and believed to be similar to those that would be utilized by market participants under the circumstances and to represent both the specific risks associated with the business, and capital market conditions, are inherent in developing the discounted cash flow model.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;During 2014, 2013 and 2012, the Company recorded a goodwill impairment loss in an amount of US$&amp;#160;&lt;font&gt;879,000&lt;/font&gt;, US$&amp;#160;&lt;font&gt;3,093,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;672,000&lt;/font&gt;, respectively.&amp;#160; See Note 8.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Intangible assets with finite lives are amortized using the straight-line basis over their useful lives, to reflect the pattern in which the economic benefits of the intangible assets are consumed or otherwise used up, as follows&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="display: block;"&gt;
&lt;div style="/* margin-left: 110pt;" class="CursorPointer" align="center"&gt;
&lt;table style="border-collapse: collapse; width: 65%; margin-right: 0.1px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Years&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 38%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; GIS database &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;10&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Customer base &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Brand name &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;15&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3&lt;/font&gt;-&lt;font&gt;10&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Recoverability of intangible assets is measured as described in Note&amp;#160;1M above.&amp;#160; During 2014, the Company recorded an intangible assets impairment loss in an amount of US$&amp;#160;&lt;font&gt;43,000&lt;/font&gt;.&amp;#160; See Note 7.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;P.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Contingencies&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company and its subsidiaries are involved in certain legal proceedings that arise from time to time in the ordinary course of their business and in connection with certain agreements with third parties.&amp;#160; Except for income tax contingencies, the Company records accruals for contingencies to the extent that the management concludes that the occurrence is probable and that the related liabilities are estimable. Legal expenses associated with contingencies are expensed as incurred.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;

&lt;h4 style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; text-align: justify; text-indent: -68.05pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/h4&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Q.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Funds in respect of, and liability for employee rights upon retirement&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The Company's liability for employee rights upon retirement with respect to its Israeli employees is calculated, pursuant to Israeli severance pay law, based on the most recent salary of each employee multiplied by the number of years of employment, as of the balance sheet date. Employees are entitled to one month's salary for each year of employment, or a portion thereof. The Company makes monthly deposits to insurance policies and severance pay funds. The liability of the Company is fully provided for.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The deposited funds include profits or losses accumulated up to the balance sheet date. The deposited funds may be withdrawn upon the fulfillment of the obligation pursuant to Israeli severance pay laws or labor agreements. The value of the deposited funds is based on the cash surrender value of these policies, and includes profits or losses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The liability for employee rights upon retirement in respect of the employees of the non-Israeli subsidiaries of the Company, is calculated on the basis of the labor laws of the country in which the subsidiary is located and is covered by an appropriate accrual.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Severance expenses for the years ended December&amp;#160;31, 2014, 2013 and 2012, amounted to US$&amp;#160;&lt;font&gt;1,460,000&lt;/font&gt; US$&amp;#160;&lt;font&gt;882,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;1,204,000&lt;/font&gt;, respectively.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;R.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Revenue recognition&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Revenues are recognized when delivery has occurred and, where applicable, after installation has been completed, there is persuasive evidence of an arrangement, the fee is fixed or determinable and collection of the related receivable is reasonably assured and no further obligations exist. In cases where delivery has occurred but the required installation has not been performed, the Company does not recognize the revenues until the installation is completed.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company's revenues are recognized as follows:&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Revenues from sales are recognized when title and risk of loss of the product pass to the customer (usually upon delivery).&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The Company applies the provisions of ASC Topic 605-25, "Revenue Recognition - Multiple-Element Arrangements", as amended. ASC Topic 605-25 provides guidance on how to account for arrangements that involve the delivery or performance of multiple products, services and/or rights to use assets. For such arrangements, each element of the contract is accounted for as a separate unit when it provides the customer value on a stand-alone basis and if an arrangement includes a right of return relative to a delivered item, delivery or performance of the undelivered item or items is considered probable and substantially in the control of the Company. According to ASC 605-25, as amended, when neither "vendor specific objective evidence" of selling price, nor third party price exists, the Company is required to develop a best estimate of the selling price of the deliverables and the entire arrangement consideration is allocated to the deliverables based on the relative selling prices.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Revenues from SVR services subscription fees and from installation services, sold to customers within a single contractually binding arrangement were accounted for revenue recognition purposes as a single unit of accounting in accordance with ASC Topic 605-25, since the installation services element was determined not to have a value on a stand-alone basis to the customer. Accordingly, the entire contract fee for the two deliverables&amp;#160;is recognized ratably on a straight-line basis over the subscription period.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Deferred revenues include unearned amounts received from customers (mostly for the provision of installation and subscription services) but not yet recognized as revenues.&amp;#160; Such deferred revenues are recognized as described in paragraph 2, above.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Extended warranty&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Revenues from extended warranty which are provided for a monthly fee and are sold separately are recognized over the duration of the warranty periods.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;S.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Warranty costs&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company provides a standard warranty for its products to end-users at no extra charge. The Company estimates the costs that may be incurred under its warranty obligation and records a liability at the time the related revenues are recognized.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Among the factors affecting the warranty liability are the number of installed units and historical percentages of warranty claims. The Company periodically assesses the adequacy of the recorded warranty liability and adjusts the amount to the extent necessary. To date, warranty costs and the related liabilities have not been material.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;T.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Research and development costs&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Research and development costs (other than computer software related expenses) are expensed as incurred.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Software Development Costs&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.45pt; text-align: justify; text-indent: -1.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;ASC Topic 985-20, &lt;font style="font-style: italic;"&gt;"Costs of Software to Be Sold, Leased, or Marketed"&lt;/font&gt; requires capitalization of certain software development costs subsequent to the establishment of technological feasibility.&amp;#160; Research and development costs incurred in the process of developing product improvements or new products, are generally expensed as incurred, net of grants received from the Government of Israel for development of approved projects. Costs incurred by the Company between the establishment of technological feasibility and the point at which the product is ready for general release are usually insignificant.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;U.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Advertising costs&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Advertising costs are expensed as incurred.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Advertising expenses for the years ended December&amp;#160;31, 2014, 2013 and 2012 amounted to US$&amp;#160;&lt;font&gt;6.7&lt;/font&gt; million, US$&amp;#160;&lt;font&gt;7.6&lt;/font&gt; million and US$&amp;#160;&lt;font&gt;6.6&lt;/font&gt; million, respectively.&amp;#160; Advertising expenses are presented among "selling and marketing expenses".&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;V.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Earnings per share&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Basic earnings per share are computed by dividing net income attributable to the common shares, by the weighted average number of shares outstanding during the year, net of the weighted average number of treasury stock.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In computing diluted earnings per share, basic earnings per share are adjusted to reflect the potential dilution that could occur upon the exercise of options granted under employee stock option plans, using the treasury stock method, and the conversion of the convertible capital notes, using the if converted method.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;W&lt;/strong&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Fair value measurements&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; /* background-color: #ffffff; */"&gt;The Company measures fair value and discloses fair value measurements for financial and non-financial assets and liabilities. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; /* background-color: #ffffff; */"&gt;As such, fair value is a market based measurement that is required to be determined based on the assumptions that market participants would use to determine the price of an asset or a liability.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As a basis for considering such assumptions, the fair value accounting standard establishes the following fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Level 1 - Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Level 2 - Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Level 3 - Unobservable inputs are used when little or no market data is available. Level 3 inputs are considered as the lowest priority under the fair value hierarchy.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In determining fair value, companies are required to utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as to consider counterparty credit risk in the assessment of fair value.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Regarding the fair value measurements of financial assets and liabilities and the fair value hierarchy of such measurements, see Note 19C.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company also measures certain non-financial assets, consisting mainly goodwill and intangible assets at fair value on a nonrecurring basis.&amp;#160; These assets are adjusted to fair value when they are considered to be impaired (see 1O and 1M above).&amp;#160; As of December&amp;#160;31, 2014, the Company measured the fair value of goodwill with a total carrying amount of US$&amp;#160;&lt;font&gt;1.5&lt;/font&gt;&amp;#160;million (before the recognition of an impairment loss) that is allocated to one reporting unit.&amp;#160; As a result of the above impairment test, the Company recorded an impairment loss of goodwill in an&amp;#160;amount of US$ 0.8&amp;#160;million,&amp;#160;allocated to such&amp;#160;reporting unit to its imputed fair value of &amp;#160;US$&amp;#160;&lt;font&gt;0.7&lt;/font&gt;&amp;#160;million.&amp;#160; The fair value measurement of the non-financial assets is classified as level 3.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As of December&amp;#160;31, 2013, the Company measured the fair value of goodwill with a total carrying amount of US$ &lt;font&gt;4.8&lt;/font&gt;&amp;#160;million (before the recognition of an impairment loss) that was allocated to three&amp;#160;reporting units.&amp;#160; As a result of the above impairment test, the Company recorded an impairment loss of goodwill with a carrying amount of US$ &lt;font&gt;2.6&lt;/font&gt; million, US$ &lt;font&gt;0.5&lt;/font&gt; million and US$ &lt;font&gt;1.7&lt;/font&gt; million allocated to three different reporting units to their&amp;#160;imputed fair value of US$ &lt;font&gt;1.7&lt;/font&gt; million, US$ &lt;font&gt;0&lt;/font&gt; and US$ &lt;font&gt;0&lt;/font&gt;, respectively, resulting in an aggregate impairment charge of US$ &lt;font&gt;3.1&lt;/font&gt; million.&amp;#160; The fair value measurement of the non-financial assets is classified as level 3.See also Notes 1O and 8.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;X&lt;/strong&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Deferred installation expenses&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Direct installation expenses incurred at the inception of specific subscription arrangements in Brazil with specific customers, to enable the Company's subsidiary in Brazil to perform under the terms of the arrangement (i.e. directly attributable to obtaining a specific subscriber), which their costs can be measured reliably, are capitalized and presented as "Deferred installation expenses" within the balances "Other current assets" and "Other non-current assets", as applicable. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Such installation activities has determined not to represent separate earnings process for revenue recognition purposes in accordance with the principles of ASC Topic 605-25, "Multiple-Element Arrangements" as they&amp;#160;has been determined&amp;#160;not to have a value on a stand-alone basis to the customer.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The deferred expenses that are capitalized are limited to the higher of value of the amount of nonrefundable deferred revenue, if any or to the amount of the minimum contractual subscription revenue, net of direct costs.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The deferred expenses are amortized over the contractual life of the related subscription arrangements by the straight-line method (usually &lt;font&gt;20&lt;/font&gt; months). Costs that do not meet the aforementioned criteria, are recognized immediately as expenses.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;

&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Y.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Reclassification&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Certain comparative figures have been reclassified to conform to the current year presentation.&amp;#160; Such reclassifications did not have any impact on the Company's equity, net income or cash flows.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Z&lt;/strong&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Recently issued accounting pronouncements&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;1.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Accounting &lt;/strong&gt;&lt;strong&gt;pronouncements&lt;/strong&gt;&lt;strong&gt; adopted in &lt;/strong&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 157.1pt; text-align: justify; text-indent: -22.55pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;a.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;ASC Topic 830, &amp;#147;Foreign Currency Matters"&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Effective January 1, 2014, the Group adopted Accounting Standards Update 2013-5, Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity ("ASU 2013-5").&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;ASU 2013-5 clarifies among other things that, when a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in-substance real estate or conveyance of oil and gas mineral rights) within a foreign entity, the parent is required to apply the guidance in Subtopic 830-30 to release any related cumulative translation adjustment into net income. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;For public companies, the amendments in ASU 2013-5 became effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. The amendments should be applied prospectively to derecognition events occurring after the effective date. Prior periods should not be adjusted.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 135.25pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The adoption did not have a material impact on the Group's consolidated results of operations and financial condition.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 135.25pt; text-align: justify; text-indent: -22.55pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 157.1pt; text-align: justify; text-indent: -22.55pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;b&lt;/strong&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;ASC Topic 740, "Income Taxes"&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Effective January 1, 2014, the Company adopted Accounting Standard Update 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force) ("ASU 2013-11").&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The amendments in ASU 2013-11 state that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be presented net of deferred tax assets.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;ASU 2013-11 applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. For public companies the amendments in this ASU became effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments were applied prospectively to all unrecognized tax benefits that existed at the effective date. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The adoption did not have a material impact on the Company's consolidated results of operations and financial condition.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Accounting &lt;/strong&gt;&lt;strong&gt;pronouncements&lt;/strong&gt;&lt;strong&gt; not yet effective&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 135.1pt; text-align: justify; text-indent: -22.55pt; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Accounting Standard Update 2014-09, &amp;#147;Revenue from Contracts with Customers&amp;#148;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In May 2014, the FASB issued Accounting Standard Update 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09").&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;ASU 2014-09 outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 also requires entities to disclose sufficient information, both quantitative and qualitative, to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;An entity should apply the amendments in this ASU using one of the following two methods: 1. Retrospectively to each prior reporting period presented with a possibility to elect certain practical expedients, or, 2. Retrospectively with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application. If an entity elects the latter transition method, it also should provide certain additional disclosures.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;For a public entity, the amendments in ASU 2014-09 are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period (the first quarter of fiscal year 2017 for the Company). Early application is not permitted.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company is in the process of assessing the impact, if any, of ASU 2014-09 on its consolidated financial statements.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:NatureOfOperations id="Tag1111" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.5pt; text-align: justify; text-indent: -22.75pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;1.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Operations&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 136.1pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;a.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Ituran Location and Control Ltd. (the &amp;#147;Company&amp;#148;) commenced operations in 1994.&amp;#160; The Company and its subsidiaries (the &amp;#147;Group&amp;#148;) are engaged in the provision of Location based services and machine-to-machine Wireless communications products for use in stolen vehicle recovery, fleet management and other applications.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 136.1pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;b.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Regarding the tax dispute in Brazil, see Note 11A3.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:NatureOfOperations>
  <us-gaap:PriorPeriodReclassificationAdjustmentDescription id="Tag1112" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Y.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Reclassification&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Certain comparative figures have been reclassified to conform to the current year presentation.&amp;#160; Such reclassifications did not have any impact on the Company's equity, net income or cash flows.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:PriorPeriodReclassificationAdjustmentDescription>
  <us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock id="Tag1113" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/strong&gt;&lt;strong&gt;Functional currency and translation to the reporting currency&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The functional currency of the Company and its subsidiaries located in Israel is the New Israeli Shekel (&amp;#147;NIS&amp;#148;), which is the local currency in which those entities operate.&amp;#160; The functional currency of the foreign subsidiaries of the Group is their respective local currency.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The consolidated financial statements of the Company and all of its subsidiaries were translated into U.S. dollars in accordance with the standards of the Financial Accounting Standards Board ("FASB").&amp;#160; Accordingly, assets and liabilities were translated from local currencies to U.S. dollars using yearend exchange rates, and income and expense items were translated at average exchange rates during the year.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Gains or losses resulting from translation adjustments (which result from translating an entity's financial statements into U.S. dollars if its functional currency is different than the U.S. dollar) are reported in other comprehensive income and are reflected in equity, under &amp;#147;accumulated other comprehensive income (loss)&amp;#148;.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Balances denominated in, or linked to foreign currency are stated on the basis of the exchange rates prevailing at the balance sheet date.&amp;#160; For foreign currency transactions included in the statement of income, the exchange rates applicable on the relevant transaction dates are used.&amp;#160; Transaction gains or losses arising from changes in the exchange rates used in the translation of such balances are carried to financing income or expenses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The following table presents data regarding the dollar exchange rate of relevant currencies and the Israeli CPI:&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table style="border-collapse: collapse; width: 83%; /* margin-right: 0.100000001490116px;" cellspacing="0" cellpadding="0"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="7" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Exchange rate&lt;/strong&gt;&lt;/font&gt;&lt;br/&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;of one US dollar&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; /* border-top-width: 1pt !important; */ /* border-top-style: solid !important; */ /* border-top-color: #000000 !important; */ border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="3" align="center"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Israeli CPI&lt;/strong&gt;&lt;font style="vertical-align: middle;"&gt;&lt;strong&gt;(*)&lt;/strong&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;" colspan="3" align="center"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; font-family: 'times new roman'; text-align: center;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;NIS&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; text-indent: 0px;" colspan="3" align="center"&gt;
&lt;p style="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Real&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;At December 31&lt;/strong&gt;,&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;" align="center"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;" colspan="3" align="center"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.889&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.6562&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;113.96&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.471&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.3426&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center; background-color: #cceeff;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;114.18&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2012 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; text-align: center; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.733&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.0435&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-size: 10pt; font-family: 'Times New Roman'; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; text-align: center;" align="right" colspan="2"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;112.15&amp;#160;&lt;/font&gt;points&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Increase (decrease) during the year:&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; text-align: center; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;/td&gt;
&lt;td style="font-size: 10pt; font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 63%;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2014 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12.04&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 9%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13.39&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; width: 1%;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 10%;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(0.2&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 1%;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2013 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(7.02&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(14.63&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px 5px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.8&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; 2012 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(2.30&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(8.94&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;)%&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding: 0px; text-align: center; font-family: 'Times New Roman'; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.6&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: 'Times New Roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="85.7%" cellpadding="0" border="0" cellspacing="0" style="/* margin-left: 0.100000001490116px;"&gt;

&lt;tr&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: -30.2666664123535px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"&gt;(*) &amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 97%;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Based on the Index for the month ending on each balance sheet date, on the basis of 2008 average 100.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
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&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.4pt; orphans: 0; text-align: justify; text-indent: -22.7pt; widows: 0; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;3.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Basis of presentation&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (&amp;#147;US GAAP&amp;#148;).&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
  <us-gaap:UseOfEstimates id="Tag1115" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.4pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;4.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Use of estimates in the preparation of financial statements&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods.&amp;#160; Actual results could differ from the estimates.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As applicable to these consolidated financial statements, the most significant estimates and assumptions relate to contingencies, revenue recognition, goodwill impairment assessment, deferred taxes and tax liabilities and uncertainties.&lt;/font&gt;&lt;/p&gt;
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  <us-gaap:ConsolidationPolicyTextBlock id="Tag1116" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;B.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Principles of consolidation&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The consolidated financial statements include the accounts of the Company and all of its subsidiaries.&amp;#160; In these financial statements, the term &amp;#147;subsidiary&amp;#148; refers to a company over which the Company exerts control (ownership interest of more than &lt;font&gt;50&lt;/font&gt;%), and the financial statements of which are consolidated with those of the Company.&amp;#160; Significant intercompany transactions and balances are eliminated upon consolidation; profits from intercompany sales, not yet realized outside of the Group, are also eliminated.&amp;#160; Non-controlling interests are presented in equity.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Changes in the Company ownership interest in a subsidiary while the control is retained are accounted for as equity transactions and accordingly no gain or loss is recognized in consolidated net income or comprehensive income. Upon such transaction, the carrying amount of the noncontrolling interest is adjusted to reflect the change in its ownership interest in the subsidiary and any difference between the fair value of the consideration received or paid and the amount by which the noncontrolling interest was adjusted is recognized in additional paid-in capital.&lt;/font&gt;&lt;/p&gt;
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  <us-gaap:CashAndCashEquivalentsPolicyTextBlock id="Tag1117" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;C.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Cash &lt;/strong&gt;&lt;strong&gt;and&lt;/strong&gt;&lt;strong&gt; cash equivalents&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Group considers all highly liquid investments, which include short-term bank deposits that are not restricted as to withdrawal or use, and short-term debentures, with original periods to maturity not exceeding three months, to be cash equivalents.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
  <itrn:DepositsInEscrowPolicyTextBlock id="Tag1118" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;D.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Deposits in escrow&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Restricted cash is invested in certificates of deposit, which are used to ensure certain representations and warranties to third parties.&amp;#160; See Note&amp;#160;11A1.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Such deposits are presented in the balance sheets as current assets or as long-term assets based on management's assessment regarding their realization.&lt;/font&gt;&lt;/p&gt;
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  <us-gaap:MarketableSecuritiesPolicy id="Tag1119" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;E.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Marketable securities&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company accounts for investments in marketable securities in accordance with ASC Topic 320-10, &lt;font style="font-style: italic;"&gt;"Investments - Debt and Equity Securities"&lt;/font&gt; (&amp;#147;ASC Topic 320-10&amp;#148;). Management determines the appropriate classification of its investments in marketable securities at the time of purchase and reassesses such determination at each balance sheet date. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The investments in marketable securities covered by ASC Topic 320-10 that were held by the Company during the reported periods were designated by management as trading securities. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Trading securities are stated at market value. The changes in market value are charged to financing income or expenses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Trading gains for the year 2014 amounted to US$ &lt;font&gt;133,000&lt;/font&gt;&amp;#160;and trading gains for the years 2013 and 2012, in respect of trading securities held by the Group were insignificant.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:MarketableSecuritiesPolicy>
  <itrn:StockholdersEquityTreasuryStockPolicyTextBlock id="Tag1120" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;F.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;T&lt;/strong&gt;&lt;strong&gt;reasury stock&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Company shares held by the Company and its subsidiary are presented as a reduction of equity, at their cost, under the caption &amp;#147;Treasury Stock&amp;#148;. Gains and losses upon sale of these shares, net of related income taxes, are recorded as additional paid in capital.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</itrn:StockholdersEquityTreasuryStockPolicyTextBlock>
  <us-gaap:ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy id="Tag1121" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;G.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Allowance for doubtful accounts&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The allowance for doubtful accounts is determined with respect to amounts the Group has determined to be doubtful of collection. In determining the allowance for doubtful accounts, the Company considers, among other things, its past experience with customers, the length of time that the balance is post due, the customer's current ability to pay and available information about the credit risk on such customers.&amp;#160; See also Note&amp;#160;19A.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The allowance in respect of accounts receivable at December&amp;#160;31, 2014 and 2013 was US$&amp;#160;&lt;font&gt;2,391,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;1,945,000&lt;/font&gt;, respectively.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy>
  <us-gaap:InventoryPolicyTextBlock id="Tag1122" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;H.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Inventories&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Inventories are stated at the lower of cost or market.&amp;#160; Cost is determined as follows: raw materials and finished products &amp;#150; mainly on the basis of first-in, first-out (FIFO); work in progress &amp;#150; on the basis of direct production costs including materials, labor and subcontractors.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:InventoryPolicyTextBlock>
  <us-gaap:EquityMethodInvestmentsPolicy id="Tag1123" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;I.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Investment in affiliated companies&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Investments in companies in which the Group has significant influence (ownership interest of between &lt;font&gt;20&lt;/font&gt;% and &lt;font&gt;50&lt;/font&gt;%) but less than controlling interests, are accounted for by the equity method.&amp;#160; Income on intercompany sales, not yet realized outside of the Group, was eliminated.&amp;#160; The Company also reviews these investments for impairment whenever events indicate the carrying amount may not be recoverable.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Investments in companies in which the company no longer has significant influence, are classified as "investments in other companies".&amp;#160; See J. below.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:EquityMethodInvestmentsPolicy>
  <us-gaap:CostMethodInvestmentsPolicy id="Tag1124" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;J.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Investment in other companies&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Non-marketable investments in other companies in which the Company does not have a controlling interest nor significant influence are accounted for at cost, net of write down for any permanent decrease in value.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:CostMethodInvestmentsPolicy>
  <us-gaap:DerivativesPolicyTextBlock id="Tag1125" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;K.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Derivatives&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The group applies the provisions of ASC Topic 815, &lt;font style="font-style: italic;"&gt;"Derivatives and Hedging"&lt;/font&gt;.&amp;#160; In accordance with ASC Topic 815, all the derivative financial instruments are recognized as either assets or liabilities on the balance sheet at fair value. The accounting for changes in the fair value of a derivative financial instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. For derivative financial instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of a net investment in a foreign operation.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;From time to time the Company carries out transactions involving foreign exchange derivative financial instruments (mainly forward exchange contracts) which are designed to hedge the cash flows expected to be paid with respect to forecasted purchases of inventory, denominated in currencies other than the functional currency of the Company. Such transactions were designated as hedging instruments on the date that the Company entered into such derivative contracts, and qualify as cash flow hedges under ASC Topic 815. &lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The effective portion of the changes in fair value of the derivative instruments designated for hedging purposes are reported as other comprehensive income (loss), net of tax under the caption "unrealized gains (losses) in respect of derivative financial instruments designated for cash flow hedge" and are reclassified to the statements of income when the hedged transaction realizes (i.e when the related inventory is sold). During the reporting periods, the gains or losses that were recognized in earnings for hedge ineffectiveness were insignificant. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;All other derivatives which do not qualify for hedge accounting, or which have not been designated as hedging instruments, are recognized in the balance sheet at their fair value, with changes in the fair value carried to the statements of income as incurred in financing income (expenses), net.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;See also Note 19B for further information.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:DerivativesPolicyTextBlock>
  <us-gaap:PropertyPlantAndEquipmentPolicyTextBlock id="Tag1126" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;L.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Property and equipment&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.&amp;#160; Leasehold improvements are depreciated on the straight-line method over the shorter of the estimated useful life of the property or the duration of the lease.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 113.4pt; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Rates of depreciation:&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="/* margin-left: 110pt;" align="center"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table style="border-collapse: collapse; margin-left: 0px; margin-right: 0.1px;" cellspacing="0" cellpadding="0" width="68%"&gt;

&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;%&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 34%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Operating equipment (mainly &lt;font&gt;20&lt;/font&gt;%-&lt;font&gt;33&lt;/font&gt;%) &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 28%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;6.5&lt;/font&gt;-&lt;font&gt;33&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Office&amp;#160;furniture,&amp;#160;equipment&amp;#160;and&amp;#160;computers &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;7&lt;/font&gt;-&lt;font&gt;33&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Buildings &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;2.5&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Vehicles &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;15&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: top; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Leasehold improvements &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: center; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;Duration&amp;#160;of&amp;#160;the&amp;#160;lease&amp;#160;which&lt;br/&gt;is&amp;#160;less&amp;#160;or&amp;#160;equal&amp;#160;to&amp;#160;useful&amp;#160;life.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
  <us-gaap:ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock id="Tag1127" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;M.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Impairment of long-lived assets&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The Group's long-lived assets are reviewed for impairment, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&amp;#160; Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset.&amp;#160; If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value (see also Note 1O and Notes 7 and 8).&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock>
  <us-gaap:IncomeTaxPolicyTextBlock id="Tag1128" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;N.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Income taxes&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.8pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Group accounts for income taxes in accordance with ASC Topic 740-10,&lt;font style="font-style: italic;"&gt; "Income Taxes"&lt;/font&gt;. According to this guidance, deferred income taxes are determined utilizing the asset and liability method based on the estimated future tax effects of differences between the financial accounting and the tax bases of assets and liabilities under the applicable tax law.&amp;#160; Deferred tax balances are computed using the tax rates expected to be in effect at the time when these differences reverse. Valuation allowances in respect of the deferred tax assets are provided for if, based upon the weight of available evidence, it is more likely than not that all or a portion of the deferred income tax assets will not be realized.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;US GAAP provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained were to be challenged by a taxing authority.&amp;#160; The assessment of a tax position is based solely on the technical merits of the position, without regard the likelihood that the tax position may be challenged.&amp;#160; If an uncertain tax position meets the "more-likely-than-not" threshold, the largest amount of tax benefit that is greater than 50% likely to be recognized upon ultimate settlement with the taxing authority is recorded.&amp;#160; See also Note&amp;#160;15K.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company recognizes interest as interest expenses (among financing expenses) and penalties, if any, related to unrecognized tax benefits in its provision for income tax.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:IncomeTaxPolicyTextBlock>
  <us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock id="Tag1129" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;O.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Goodwill and intangible assets&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; text-indent: -22.8pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Goodwill represents the excess of the purchase price over the fair value of the identifiable net assets acquired in business combinations accounted for in accordance with the "purchase method" and is allocated to reporting units at acquisition.&amp;#160;&amp;#160;Goodwill is not amortized but rather tested for impairment at least annually in accordance with the provisions of ASC Topic 350, "Intangibles - Goodwill and Other".&amp;#160;&amp;#160;The Company performs its goodwill annual impairment test for the reporting units at December 31 of each year, or more often if indicators of impairment are present.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As required by ASC Topic 350, , the Company chooses either to perform a qualitative assessment whether the two-step goodwill impairment test is necessary or proceeds directly to the two-step goodwill impairment test. Such determination is made for each reporting unit on a stand-alone basis.&amp;#160; The qualitative assessment includes various factors such as macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, earnings multiples, gross margin and cash flows from operating activities and other relevant factors. When the Company chooses to perform a qualitative assessment and determines that it is more likely than not (a more than 50 percent likelihood) that the fair value of the reporting unit is less than its carrying value, then the Company proceeds to the two-step goodwill impairment test. If the Company determines Otherwise, no further evaluation is necessary.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;When the Company decides or is required to perform the two-step goodwill impairment test, the Company compares the fair value of the reporting unit to its carrying value ("step 1"). If the fair value of the reporting unit exceeds the carrying value of the reporting unit net assets (including the goodwill allocated to such reporting unit), goodwill is considered not to be impaired, and no further testing is required. If the carrying value exceeds the fair value of the reporting unit, then the implied fair value of goodwill is determined by subtracting the fair value of all the identifiable net assets from the fair value of the reporting unit. An impairment loss is recorded for the excess, if any, of the carrying value of the goodwill allocated to the reporting unit over its implied fair value ("step 2").&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;There are a number of generally accepted methods used for valuing a reporting unit: &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The &amp;#145;income approach' utilizes discounted forecasted cash flows, the &amp;#145;Market &amp;#150; approach which utilize pricing multiples of business entities with publicly traded securities whose business and financial risks are comparable to those of the reporting unit being valued and the &amp;#145;Asset - based approach'&amp;#160; which establishes a value based on the cost of reproducing or replacing the asset being valued. These methods described may be used alone or in combination with one another.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company applies assumptions that market participants would consider in determining the fair value of each reporting unit and the fair value of the identifiable assets and liabilities of the reporting units, as applicable.&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company performed a qualitative assessment for two reporting units as of December 31,&amp;#160;2014 and 2013, and concluded that the qualitative assessment did not result in a more likely than not indication of impairment, and therefore no further impairment testing was required, with respect to such units.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;For other reporting unit (three&amp;#160;different units in 2013), operating in Israel, the Company elected to bypass the qualitative assessment and proceeded directly to performing the first step of the goodwill impairment test.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In order to determine the fair value of that&amp;#160;reporting unit, the Company utilized the "income approach". According to the income approach expected future cash flows are discounted to their present value using an appropriate rate of return. Judgments and assumptions related to future cash flows (projected revenues, operating expenses, and capital expenditures), future short-term and long-term growth rates, and weighted average cost of capital, which are based on management's internal assumptions, and believed to be similar to those that would be utilized by market participants under the circumstances and to represent both the specific risks associated with the business, and capital market conditions, are inherent in developing the discounted cash flow model.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;During 2014, 2013 and 2012, the Company recorded a goodwill impairment loss in an amount of US$&amp;#160;&lt;font&gt;879,000&lt;/font&gt;, US$&amp;#160;&lt;font&gt;3,093,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;672,000&lt;/font&gt;, respectively.&amp;#160; See Note 8.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Intangible assets with finite lives are amortized using the straight-line basis over their useful lives, to reflect the pattern in which the economic benefits of the intangible assets are consumed or otherwise used up, as follows&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
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&lt;tr&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Years&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; width: 38%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; GIS database &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; width: 9%; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;10&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Customer base &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;5&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Brand name &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;15&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding: 0px 3px 0px 0px; vertical-align: bottom; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-left: 2.85pt; padding-right: 2.85pt; vertical-align: bottom; text-align: center; font-family: 'Times New Roman';"&gt;
&lt;p style="margin: 0pt; ;font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &lt;font&gt;3&lt;/font&gt;-&lt;font&gt;10&lt;/font&gt; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Recoverability of intangible assets is measured as described in Note&amp;#160;1M above.&amp;#160; During 2014, the Company recorded an intangible assets impairment loss in an amount of US$&amp;#160;&lt;font&gt;43,000&lt;/font&gt;.&amp;#160; See Note 7.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock>
  <us-gaap:CommitmentsAndContingenciesPolicyTextBlock id="Tag1130" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;P.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Contingencies&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company and its subsidiaries are involved in certain legal proceedings that arise from time to time in the ordinary course of their business and in connection with certain agreements with third parties.&amp;#160; Except for income tax contingencies, the Company records accruals for contingencies to the extent that the management concludes that the occurrence is probable and that the related liabilities are estimable. Legal expenses associated with contingencies are expensed as incurred.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesPolicyTextBlock>
  <us-gaap:PensionAndOtherPostretirementPlansPolicy id="Tag1131" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Q.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Funds in respect of, and liability for employee rights upon retirement&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The Company's liability for employee rights upon retirement with respect to its Israeli employees is calculated, pursuant to Israeli severance pay law, based on the most recent salary of each employee multiplied by the number of years of employment, as of the balance sheet date. Employees are entitled to one month's salary for each year of employment, or a portion thereof. The Company makes monthly deposits to insurance policies and severance pay funds. The liability of the Company is fully provided for.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The deposited funds include profits or losses accumulated up to the balance sheet date. The deposited funds may be withdrawn upon the fulfillment of the obligation pursuant to Israeli severance pay laws or labor agreements. The value of the deposited funds is based on the cash surrender value of these policies, and includes profits or losses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The liability for employee rights upon retirement in respect of the employees of the non-Israeli subsidiaries of the Company, is calculated on the basis of the labor laws of the country in which the subsidiary is located and is covered by an appropriate accrual.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Severance expenses for the years ended December&amp;#160;31, 2014, 2013 and 2012, amounted to US$&amp;#160;&lt;font&gt;1,460,000&lt;/font&gt; US$&amp;#160;&lt;font&gt;882,000&lt;/font&gt; and US$&amp;#160;&lt;font&gt;1,204,000&lt;/font&gt;, respectively.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:PensionAndOtherPostretirementPlansPolicy>
  <us-gaap:RevenueRecognitionPolicyTextBlock id="Tag1132" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;R.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Revenue recognition&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Revenues are recognized when delivery has occurred and, where applicable, after installation has been completed, there is persuasive evidence of an arrangement, the fee is fixed or determinable and collection of the related receivable is reasonably assured and no further obligations exist. In cases where delivery has occurred but the required installation has not been performed, the Company does not recognize the revenues until the installation is completed.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.75pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company's revenues are recognized as follows:&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Revenues from sales are recognized when title and risk of loss of the product pass to the customer (usually upon delivery).&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The Company applies the provisions of ASC Topic 605-25, "Revenue Recognition - Multiple-Element Arrangements", as amended. ASC Topic 605-25 provides guidance on how to account for arrangements that involve the delivery or performance of multiple products, services and/or rights to use assets. For such arrangements, each element of the contract is accounted for as a separate unit when it provides the customer value on a stand-alone basis and if an arrangement includes a right of return relative to a delivered item, delivery or performance of the undelivered item or items is considered probable and substantially in the control of the Company. According to ASC 605-25, as amended, when neither "vendor specific objective evidence" of selling price, nor third party price exists, the Company is required to develop a best estimate of the selling price of the deliverables and the entire arrangement consideration is allocated to the deliverables based on the relative selling prices.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Revenues from SVR services subscription fees and from installation services, sold to customers within a single contractually binding arrangement were accounted for revenue recognition purposes as a single unit of accounting in accordance with ASC Topic 605-25, since the installation services element was determined not to have a value on a stand-alone basis to the customer. Accordingly, the entire contract fee for the two deliverables&amp;#160;is recognized ratably on a straight-line basis over the subscription period.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Deferred revenues include unearned amounts received from customers (mostly for the provision of installation and subscription services) but not yet recognized as revenues.&amp;#160; Such deferred revenues are recognized as described in paragraph 2, above.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Extended warranty&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Revenues from extended warranty which are provided for a monthly fee and are sold separately are recognized over the duration of the warranty periods.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:RevenueRecognitionPolicyTextBlock>
  <us-gaap:StandardProductWarrantyPolicy id="Tag1133" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;S.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Warranty costs&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company provides a standard warranty for its products to end-users at no extra charge. The Company estimates the costs that may be incurred under its warranty obligation and records a liability at the time the related revenues are recognized.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Among the factors affecting the warranty liability are the number of installed units and historical percentages of warranty claims. The Company periodically assesses the adequacy of the recorded warranty liability and adjusts the amount to the extent necessary. To date, warranty costs and the related liabilities have not been material.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:StandardProductWarrantyPolicy>
  <us-gaap:ResearchAndDevelopmentExpensePolicy id="Tag1134" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;T.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Research and development costs&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.4pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Research and development costs (other than computer software related expenses) are expensed as incurred.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Software Development Costs&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 113.45pt; text-align: justify; text-indent: -1.1pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;ASC Topic 985-20, &lt;font style="font-style: italic;"&gt;"Costs of Software to Be Sold, Leased, or Marketed"&lt;/font&gt; requires capitalization of certain software development costs subsequent to the establishment of technological feasibility.&amp;#160; Research and development costs incurred in the process of developing product improvements or new products, are generally expensed as incurred, net of grants received from the Government of Israel for development of approved projects. Costs incurred by the Company between the establishment of technological feasibility and the point at which the product is ready for general release are usually insignificant.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:ResearchAndDevelopmentExpensePolicy>
  <us-gaap:AdvertisingCostsPolicyTextBlock id="Tag1135" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.75pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;U.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Advertising costs&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Advertising costs are expensed as incurred.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Advertising expenses for the years ended December&amp;#160;31, 2014, 2013 and 2012 amounted to US$&amp;#160;&lt;font&gt;6.7&lt;/font&gt; million, US$&amp;#160;&lt;font&gt;7.6&lt;/font&gt; million and US$&amp;#160;&lt;font&gt;6.6&lt;/font&gt; million, respectively.&amp;#160; Advertising expenses are presented among "selling and marketing expenses".&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:AdvertisingCostsPolicyTextBlock>
  <us-gaap:EarningsPerSharePolicyTextBlock id="Tag1136" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;V.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Earnings per share&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Basic earnings per share are computed by dividing net income attributable to the common shares, by the weighted average number of shares outstanding during the year, net of the weighted average number of treasury stock.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In computing diluted earnings per share, basic earnings per share are adjusted to reflect the potential dilution that could occur upon the exercise of options granted under employee stock option plans, using the treasury stock method, and the conversion of the convertible capital notes, using the if converted method.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:EarningsPerSharePolicyTextBlock>
  <us-gaap:FairValueMeasurementPolicyPolicyTextBlock id="Tag1137" contextRef="C727286">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 68.05pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;W&lt;/strong&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Fair value measurements&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; /* background-color: #ffffff; */"&gt;The Company measures fair value and discloses fair value measurements for financial and non-financial assets and liabilities. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; /* background-color: #ffffff; */"&gt;As such, fair value is a market based measurement that is required to be determined based on the assumptions that market participants would use to determine the price of an asset or a liability.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As a basis for considering such assumptions, the fair value accounting standard establishes the following fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Level 1 - Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Level 2 - Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 113.5pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Level 3 - Unobservable inputs are used when little or no market data is available. Level 3 inputs are considered as the lowest priority under the fair value hierarchy.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In determining fair value, companies are required to utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as to consider counterparty credit risk in the assessment of fair value.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Regarding the fair value measurements of financial assets and liabilities and the fair value hierarchy of such measurements, see Note 19C.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company also measures certain non-financial assets, consisting mainly goodwill and intangible assets at fair value on a nonrecurring basis.&amp;#160; These assets are adjusted to fair value when they are considered to be impaired (see 1O and 1M above).&amp;#160; As of December&amp;#160;31, 2014, the Company measured the fair value of goodwill with a total carrying amount of US$&amp;#160;&lt;font&gt;1.5&lt;/font&gt;&amp;#160;million (before the recognition of an impairment loss) that is allocated to one reporting unit.&amp;#160; As a result of the above impairment test, the Company recorded an impairment loss of goodwill in an&amp;#160;amount of US$ 0.8&amp;#160;million,&amp;#160;allocated to such&amp;#160;reporting unit to its imputed fair value of &amp;#160;US$&amp;#160;&lt;font&gt;0.7&lt;/font&gt;&amp;#160;million.&amp;#160; The fair value measurement of the non-financial assets is classified as level 3.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As of December&amp;#160;31, 2013, the Company measured the fair value of goodwill with a total carrying amount of US$ &lt;font&gt;4.8&lt;/font&gt;&amp;#160;million (before the recognition of an impairment loss) that was allocated to three&amp;#160;reporting units.&amp;#160; As a result of the above impairment test, the Company recorded an impairment loss of goodwill with a carrying amount of US$ &lt;font&gt;2.6&lt;/font&gt; million, US$ &lt;font&gt;0.5&lt;/font&gt; million and US$ &lt;font&gt;1.7&lt;/font&gt; million allocated to three different reporting units to their&amp;#160;imputed fair value of US$ &lt;font&gt;1.7&lt;/font&gt; million, US$ &lt;font&gt;0&lt;/font&gt; and US$ &lt;font&gt;0&lt;/font&gt;, respectively, resulting in an aggregate impairment charge of US$ &lt;font&gt;3.1&lt;/font&gt; million.&amp;#160; The fair value measurement of the non-financial assets is classified as level 3.See also Notes 1O and 8.&lt;/font&gt;&lt;/p&gt;
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&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;X&lt;/strong&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Deferred installation expenses&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Direct installation expenses incurred at the inception of specific subscription arrangements in Brazil with specific customers, to enable the Company's subsidiary in Brazil to perform under the terms of the arrangement (i.e. directly attributable to obtaining a specific subscriber), which their costs can be measured reliably, are capitalized and presented as "Deferred installation expenses" within the balances "Other current assets" and "Other non-current assets", as applicable. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Such installation activities has determined not to represent separate earnings process for revenue recognition purposes in accordance with the principles of ASC Topic 605-25, "Multiple-Element Arrangements" as they&amp;#160;has been determined&amp;#160;not to have a value on a stand-alone basis to the customer.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The deferred expenses that are capitalized are limited to the higher of value of the amount of nonrefundable deferred revenue, if any or to the amount of the minimum contractual subscription revenue, net of direct costs.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The deferred expenses are amortized over the contractual life of the related subscription arrangements by the straight-line method (usually &lt;font&gt;20&lt;/font&gt; months). Costs that do not meet the aforementioned criteria, are recognized immediately as expenses.&lt;/font&gt;&lt;/p&gt;
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&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; text-indent: -22.7pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;Z&lt;/strong&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Recently issued accounting pronouncements&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;1.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Accounting &lt;/strong&gt;&lt;strong&gt;pronouncements&lt;/strong&gt;&lt;strong&gt; adopted in &lt;/strong&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 157.1pt; text-align: justify; text-indent: -22.55pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;a.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;ASC Topic 830, &amp;#147;Foreign Currency Matters"&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Effective January 1, 2014, the Group adopted Accounting Standards Update 2013-5, Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity ("ASU 2013-5").&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;ASU 2013-5 clarifies among other things that, when a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in-substance real estate or conveyance of oil and gas mineral rights) within a foreign entity, the parent is required to apply the guidance in Subtopic 830-30 to release any related cumulative translation adjustment into net income. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;For public companies, the amendments in ASU 2013-5 became effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. The amendments should be applied prospectively to derecognition events occurring after the effective date. Prior periods should not be adjusted.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 135.25pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The adoption did not have a material impact on the Group's consolidated results of operations and financial condition.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 135.25pt; text-align: justify; text-indent: -22.55pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 157.1pt; text-align: justify; text-indent: -22.55pt; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;b&lt;/strong&gt;&lt;strong&gt;.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;ASC Topic 740, "Income Taxes"&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Effective January 1, 2014, the Company adopted Accounting Standard Update 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force) ("ASU 2013-11").&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The amendments in ASU 2013-11 state that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be presented net of deferred tax assets.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;ASU 2013-11 applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. For public companies the amendments in this ASU became effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments were applied prospectively to all unrecognized tax benefits that existed at the effective date. &lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The adoption did not have a material impact on the Company's consolidated results of operations and financial condition.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-size: 10pt; /* line-height: 150%; */ margin: 0pt 0pt 0pt 90.7pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;2.&lt;/strong&gt;&lt;strong&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Accounting &lt;/strong&gt;&lt;strong&gt;pronouncements&lt;/strong&gt;&lt;strong&gt; not yet effective&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 6pt 135.1pt; text-align: justify; text-indent: -22.55pt; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;strong&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/strong&gt;&lt;strong&gt;Accounting Standard Update 2014-09, &amp;#147;Revenue from Contracts with Customers&amp;#148;&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 113.4pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In May 2014, the FASB issued Accounting Standard Update 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09").&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;ASU 2014-09 outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 also requires entities to disclose sufficient information, both quantitative and qualitative, to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;An entity should apply the amendments in this ASU using one of the following two methods: 1. Retrospectively to each prior reporting period presented with a possibility to elect certain practical expedients, or, 2. Retrospectively with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application. If an entity elects the latter transition method, it also should provide certain additional disclosures.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 11pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;For a public entity, the amendments in ASU 2014-09 are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period (the first quarter of fiscal year 2017 for the Company). Early application is not permitted.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0pt 0pt 0pt 135.1pt; text-align: justify; font-family: 'times new roman';"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The Company is in the process of assessing the impact, if any, of ASU 2014-09 on its consolidated financial statements.&lt;/font&gt;&lt;/p&gt;
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    <link:loc xlink:type="locator" xlink:label="value1283" xlink:href="#Tag621" />
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    <link:loc xlink:type="locator" xlink:label="value1286" xlink:href="#Tag798" />
    <link:loc xlink:type="locator" xlink:label="value1286" xlink:href="#Tag799" />
    <link:loc xlink:type="locator" xlink:label="value1287" xlink:href="#Tag1047" />
    <link:loc xlink:type="locator" xlink:label="value1287" xlink:href="#Tag1053" />
    <link:loc xlink:type="locator" xlink:label="value1287" xlink:href="#Tag1056" />
    <link:loc xlink:type="locator" xlink:label="value1287" xlink:href="#Tag1059" />
    <link:loc xlink:type="locator" xlink:label="value1287" xlink:href="#Tag1078" />
    <link:loc xlink:type="locator" xlink:label="value1287" xlink:href="#Tag1081" />
    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1287" xlink:role="http://www.xbrl.org/2003/role/footnote"> Based on the Index for the month ending on each balance sheet date, on the basis of 2008 average 100.</link:footnote>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1275" xlink:role="http://www.xbrl.org/2003/role/footnote">




(*)
See Note 15.




</link:footnote>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1276" xlink:role="http://www.xbrl.org/2003/role/footnote">As December 31, 2014 and 2013, an amount of US$ 26.0 million and US$ 25.8 million is subject to operating lease transactions, respectively.</link:footnote>
    <link:footnoteArc xlink:type="arc" xlink:from="value1276" xlink:to="footnote1276" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1276" />
    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1277" xlink:role="http://www.xbrl.org/2003/role/footnote">As at December 31, 2014 and 2013, an amount of US$ 10.4 million and US$ 11.3 million is subject to operating lease transactions, respectively.</link:footnote>
    <link:footnoteArc xlink:type="arc" xlink:from="value1277" xlink:to="footnote1277" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1277" />
    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1278" xlink:role="http://www.xbrl.org/2003/role/footnote">The accumulated amount of impairment loss as of January 1, 2013, December 31, 2013 and December 31, 2014 was US$ 2,452,000, US$ 5,545,000 and US$ 6,424,000, respectively.</link:footnote>
    <link:footnoteArc xlink:type="arc" xlink:from="value1278" xlink:to="footnote1278" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1278" />
    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1279" xlink:role="http://www.xbrl.org/2003/role/footnote"> During 2014, 2013 and 2012, the Company recorded an amount of US$ 879,000 US$ 3,093,000 and US$ 672,000, respectively, as impairment with respect to goodwill.</link:footnote>
    <link:footnoteArc xlink:type="arc" xlink:from="value1279" xlink:to="footnote1279" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1279" />
    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1280" xlink:role="http://www.xbrl.org/2003/role/footnote">As of December 31, 2013 includes approximately US $5 million, regarding the legal fees resulting from the claim described in Note 11A3.</link:footnote>
    <link:footnoteArc xlink:type="arc" xlink:from="value1280" xlink:to="footnote1280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1280" />
    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1282" xlink:role="http://www.xbrl.org/2003/role/footnote"> See Note 7 and 8.</link:footnote>
    <link:footnoteArc xlink:type="arc" xlink:from="value1282" xlink:to="footnote1282" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1282" />
    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1283" xlink:role="http://www.xbrl.org/2003/role/footnote">During April 2012, the Company sold its entire holding in the subsidiary Ituran Cellular Communication Ltd. for US$ 0.3 million in cash and for an additional amount of approximately US$ 0.5 million that was required to be paid soon thereafter.  However, during late 2012, the acquirer entered into liquidation proceedings by its creditors and therefore due to the significant uncertainty regarding the collection of this receivable, the entire amount was written-off.</link:footnote>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1281" xlink:role="http://www.xbrl.org/2003/role/footnote">See Note 11A1.</link:footnote>
    <link:footnoteArc xlink:type="arc" xlink:from="value1281" xlink:to="footnote1281" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1281" />
    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote1286" xlink:role="http://www.xbrl.org/2003/role/footnote">Including goodwill.</link:footnote>
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