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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 24,128 $ 15,959 [1]
Accounts receivable, net of allowance for credit losses of $306 thousands as of December 31, 2020 11,355 20,311
Inventory, net [2] 41,223 43,327
Other current assets and prepaid expenses 2,737 2,605
Assets belong to discontinued operation 1,401
Total current assets 79,443 83,603
NON-CURRENT ASSETS:    
Restricted deposit 176
Investment in affiliates 771 956
Funds in respect of employee rights upon retirement 1,186 1,404
Deferred income taxes 566 228
Property, plant and equipment, net 25,737 20,605
Operating lease right of use assets 6,767 6,664
Intangible assets, net 1,475 389
Assets belong to discontinued operation 826
Total non-current assets 36,678 31,072
Total assets 116,121 114,675
CURRENT LIABILITIES:    
Current maturities of long-term loans 1,477 [1]
Credit line from bank 3,000 [1]
Accounts payable 12,222 11,823 [1]
Accrued expenses 6,691 7,393 [1]
Operating lease liabilities 1,614 1,330 [1]
Liabilities belong to discontinued operation 179 158 [1]
Total current liabilities 25,183 20,704 [1]
NON-CURRENT LIABILITIES:    
Long-term loans 3,489 [1]
Other long-term liabilities 62 [1]
Liability in respect of employee rights upon retirement 1,410 1,751 [1]
Deferred income taxes 1,100 [1]
Operating lease liabilities 5,758 5,688 [1]
Total non-current liabilities 10,657 8,601 [1]
COMMITMENTS AND CONTINGENT LIABILITIES (NOTE 13) [1]
Total liabilities 35,840 29,305 [1]
EQUITY:    
Ordinary shares of NIS 0.9 par value: Authorized: 13,000,000 shares at December 31, 2020 and at December 31, 2019; Issued: 9,854,696 shares at December 31, 2020 and at December 31, 2019; Outstanding: 8,874,696 shares at December 31, 2020 and at December 31, 2019 2,809 2,809 [1]
Additional paid-in capital 65,711 65,573 [1]
Treasury shares, at cost, 274,473 shares at December 31, 2020 and 2019 (2,088) (2,088) [1]
Accumulated other comprehensive income (loss) 128 26 [1]
Retained earnings 13,721 19,050 [1]
Total shareholders' equity 80,281 85,370 [1]
Total liabilities and shareholders' equity $ 116,121 $ 114,675 [1]
[1] Reclassified due to discontinued operation.
[2] The total amount of Rotables included in the company spare parts inventory for the years ended December 31, 2020 and 2019 were $9,183 and $8,886, respectively. Inventory related to discontinued operation for the year ended December 31, 2019 was $580.