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FAIR VALUE MEASUREMENT (Tables)
12 Months Ended
Dec. 31, 2015
FAIR VALUE MEASUREMENT [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
 

December 31, 2015


 

Level 1

 

Level 2

   

Level 3

   

Total 

 

Liabilities:


 

Contingent liability (see also note 12 (g))

    $ -     $ -     $ 640     640  

Derivative financial instruments 

$ - $ 14 $ - $ 14  


 
 

December 31, 2014


 

Level 1

 

Level 2

   

Level 3

   

Total

 

Assets:

                     

Money Market

  $ 1,136   $ -     $ -     $ 1,136  

 

                                 

Liabilities:

                                 

Derivative financial instruments

    $ -     $ 463     $ -     $ 463  
Schedule of assumptions used in estimation of the fair value


2015  
       
Volatility   16.6
Expected life (in years)   1.25  
Risk free interest rate   0.08