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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2019
Accounting Policies [Abstract] |
Schedule of Relevant Exchange Rates of US Dollar and Israeli CPI | The following table presents data regarding the dollar exchange rate of relevant currencies and the Israeli CPI:
|  | Exchange rate of one US dollar |  |  | Israeli CPI(*) |
|  | NIS |  |  | Real |  |  | Argentinian Pezo (**) |  |  |  |
At December 31, |  |  |  |  |  |  |  |  |  |  |  |
2019 |  |  | 3.456 |  |  |  | 4.0307 |  |  |  | 59.895 |  |  | 114.63 points |
2018 |  |  | 3.748 |  |  |  | 3.8748 |  |  |  | 37.801 |  |  | 113.95 points |
2017 |  |  | 3.467 |  |  |  | 3.3080 |  |  |  | 18.774 |  |  | 113.05 points |
Increase (decrease) during the year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2019 |  |  | (7.79 | )% |  |  | 4.02 | % |  |  | 58.45 | % |  |  | 0.60 | %
2018 |  |  | 8.10 | % |  |  | 17.13 | % |  |  | 101.35 | % |  |  | 0.80 | %
2017 |  |  | (9.83 | )% |  |  | 1.50 | % |  |  | 18.45 | % |  |  | 0.40 | %
| (*) | Based on the Index for the month ending on each balance sheet date, on the basis of 2008 average 100.
| (**) | commencing the third quarter of 2018 the Argentinian economy was declared as an hyperinflationary economy (See above).
Schedule of Depreciation Rates |
2. | Rates of depreciation:
| %
Operating equipment (mainly 20%-33%) | 6.5-33
Office furniture, equipment and computers | 7-33
Buildings | 2.5
Vehicles | 15
Leasehold improvements | Duration of the lease which is less or equal to useful life.
Schedule of Intangible Assets Useful Lives | As of December 31, 2019, the intangible assets are amortized as follows:
| Years
Customer relationship | 4
Technology services | 6
Other | 5
Schedule of Disaggregated Primary Major Product Line, Timing of Revenue Recognition | In the following table, revenue is disaggregated by primary major product lines, and timing of revenue recognition for the years ended December 31, 2018 and 2019:
|  | US dollars |
|  | Reportable segments revenues |
(in thousands) |  | Year ended December 31, 2018 |  |  | Year ended December 31, 2019 |
|  | Telematics services |  |  | Telematics products |  |  | Total |  |  | Telematics services |  |  | Telematics products |  |  | Total |
At a point of time |  |  | - |  |  |  | 70,133 |  |  |  | 70,133 |  |  |  | - |  |  |  | 72,626 |  |  |  | 72,626 |
Over a period of time |  |  | 181,357 |  |  |  | 1,845 |  |  |  | 183,202 |  |  |  | 204,728 |  |  |  | 1,978 |  |  |  | 206,706 |
|  |  | 181,357 |  |  |  | 71,978 |  |  |  | 253,335 |  |  |  | 204,728 |  |  |  | 74,604 |  |  |  | 279,332

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