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INVESTMENTS IN AFFILIATED AND OTHER COMPANIES | 12 Months Ended
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Dec. 31, 2022
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) |  | 2022 |  |  | 2021 |
Bringg |  |  | 300 |  |  |  | 500 |
Lumax |  |  | 414 |  |  |  | 357 |
Ituran MOB |  |  | 437 |  |  |  | - |
Cellutrack |  |  | 37 |  |  |  | 28 |
|  |  | 1,188 |  |  |  | 885 |
B.Investment in other companies During the years 2021-2022, the Company made additional investments in two Israeli startups The total investments in such companies were US $0.1 and US $0.6 million during the years ended December 31,2022 and 2021, respectively.

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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 https://asc.fasb.org/topic&trid=2196965 + Details
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