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INTANGIBLE ASSETS, NET (Tables)
 12 Months Ended
Dec. 31, 2022
Finite-Lived Intangible Assets, Net [Abstract]  
Schedule of Intangible Assets, Net
   
US dollars
  
   
December 31,
    
Year ended December 31,
    
December 31,
  
   
2020
    
2021
    
2021
  
(in thousands)
  
Opening balance
    
Impairment (*)
    
Amortization (**)
    
Additions
    
Translation differences
    
Closing balance
  
Costumer relationship
    
3,331
      
-
      
(1,486
)
    
-
      
-
      
1,845
  
Technology
    
14,140
      
-
      
(3,573
)
    
2,891
      
148
      
13,606
  
Others
    
2,461
      
-
      
(769
)
    
62
      
(452
)
    
1,302
  
     
19,932
      
-
      
(5,828
)
    
2,953
      
(304
)
    
16,753
  
 
   
US dollars
  
   
December 31,
    
Year ended December 31,
    
December 31,
  
   
2021
    
2022
    
2022
  
(in thousands)
  
Opening balance
    
Impairment
    
Amortization (**)
    
Additions
    
Translation differences
    
Closing balance
  
Costumer relationship
    
1,845
      
-
      
(1,487
)
    
-
      
-
      
358
  
Technology
    
13,606
      
-
      
(4,223
)
    
2,432
      
(522
)
    
11,293
  
Others
    
1,302
      
-
      
(531
)
    
172
      
26
      
969
  
     
16,753
      
-
      
(6,241
)
    
2,604
      
(496
)
    
12,620
  
 
  (*)
Due to the decline in the results of Road Track in the first half of 2020 and the expectation of management for further potential decrease in Road Track anticipated performance, the Company performed on June 30, 2020, an impairment analysis of the intangible assets which relate directly to the operation of Road Track. Based on such analysis the Company recorded an impairment charge further described below:
 
To determine the fair value of such intangible assets, the Company, based on a valuation performed by the management, with the assistance of a third-party appraiser, utilized the "Relief from Royalties" valuation method. Accordingly, certain assumptions and judgments were made in order to determine the future income from which royalties will be derived from and in order to determine the appropriate rate of royalties and rate of discount.
 
As a result of the above, the Company recorded, an impairment loss in an amount of US$ 3,661 thousand in 2020, with respect to Costumer relationship, that was recorded under "impairment of intangible assets and other expenses" in the consolidated statement of income. See also Note 1N.
 
  (**)
As of December 31, 2022, the estimated aggregate amortization of intangible assets for the next five years is as follows: 2023- US$ 5,187 thousand, 2024- US$ 4,328 thousand, 2025- US$ 2,775 thousand, 2026- US$ 251 thousand and 2027 – US$ 79 thousand.