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GOODWILL | 12 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL |
NOTE 9 | - | GOODWILL
The changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017 are as follows:
|  | US dollars |
|  | Telematics services |  |  | Telematics products |  |  | Total |
(in thousands) |  |  |
Balance as of January 1, 2017 (*) |  |  | 1,562 |  |  |  | 1,844 |  |  |  | 3,406 |
Changes during 2017: |  |  |  |  |  |  |  |  |  |  |  |
Translation differences |  |  | 170 |  |  |  | 201 |  |  |  | 371 |
Balance as of December 31, 2017 |  |  | 1,732 |  |  |  | 2,045 |  |  |  | 3,777 |
Changes during 2018: |  |  |  |  |  |  |  |  |  |  |  |
Acquisition of subsidiary |  |  | 53,584 |  |  |  | 5,818 |  |  |  | 59,402 |
Translation differences |  |  | (247 | ) |  |  | (36 | ) |  |  | (283 | )
Balance as of December 31, 2018 |  |  | 55,069 |  |  |  | 7,827 |  |  |  | 62,896 |
| (*) | The accumulated amount of goodwill impairment loss as of December 31, 2018, 2017 and 2016 was US$ 7,098,000.
During the years ended December 31, 2018, 2017 and 2016 the company didn’t recorded any impairment of goodwill.

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- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
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