SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

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