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INVESTMENTS IN AFFILIATED AND OTHER COMPANIES

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS IN AFFILIATED AND OTHER COMPANIES

NOTE 4 -      INVESTMENTS IN AFFILIATED AND OTHER COMPANIES

A. Investment in affiliated companies

		US dollars
		December 31,
(in thousands)		2021				2020
Bringg			500				700
Lumax			357				208
Cellutrack			28				-
			885				908

B. Investment in other companies

During the years 2020-2021, the Company made additional investments in two Israeli startups and in one new Israeli startup.

The total investments in such companies were US$ 0.6 and US$ 0.5 million during the years ended December 31,2021 and 2020, respectively.

In June 2020, an Israeli investee have completed public registration in Israel stock market and its shares became equity investment with readily determinable fair value. As a result, the Company reclassified the abovementioned investment (in the amount of approximately US$3.6 million) from investment in other companies (under long-term investments and other assets) to investment in marketable securities (under current assets)

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- References

No definition available.

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- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI http://asc.fasb.org/topic&trid=2196965

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