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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 6 -      PROPERTY AND EQUIPMENT, NET

A. Property and equipment, net consists of the following:

US dollars

December 31,

(in thousands)

2021

2020

Cost:

Operating equipment (*)

43,751

47,647

Office furniture, equipment and computers

51,788

50,851

Land

1,728

1,819

Buildings

5,818

6,415

Vehicles

9,976

9,498

Leasehold improvements

9,750

9,515

122,811

125,745

Less – accumulated depreciation (**)

(87,159

)

(88,092

)

Total property and equipment, net

35,652

37,653

(*)

As of December 31, 2021, and 2020, an amount of US$ 25.5 million and US$ 29.4 million is subject to operating lease transactions, respectively.

 

 

(**)

As of December 31, 2021, and 2020, an amount of US$ 13.5 million and US$ 17.0 million is subject to operating lease transactions, respectively.

B. During the years ended December 31, 2021, 2020 and 2019, depreciation expenses were US$ 12.3 million, US$ 12.9 million and US$ 15.0 million, respectively and additional equipment was purchased in an amount of US$ 13.7 million, US$ 7.2 million and US$ 11.3 million, respectively.