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OTHER (INCOME) EXPENSES, NET
12 Months Ended
Dec. 31, 2015
OTHER (INCOME) EXPENSES, NET [Abstract]  
OTHER (INCOME) EXPENSES, NET

NOTE 13      -      OTHER (INCOME) EXPENSES, NET

 

 


US dollars

 

 

 

Year ended December 31,

 

(in thousands)

 


2015

 


2014

 


2013

 

Adjustment of purchase price of subsidiary sold

  (101)   -   200

Impairment of goodwill and intangible assets (2)

  929   922   4,620

Gain on sale of subsidiary (1)

  (951)   -   -

Other

  (145 ) (66 ) (60 )
  (268)   856   4,760

 

(1)
On December 31, 2015, the Company sold its entire holding in the subsidiary Mapa Internet Ltd. for a total consideration of NIS 2.3 million (approximately US$ 600,000).
Management does not believe that the sale of Mapa internet Ltd represents a strategic shift for the company. As a result, the above transaction has not been reflected in the accompanying consolidated financial statements as discontinued operations

 

(2)
See Notes 7, 8 and 1N.