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GOODWILL (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of 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.

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- References

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267

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