XML 29 R11.htm IDEA: XBRL DOCUMENT

Financial Instruments and Financial Risks

6 Months Ended

Jun. 30, 2021

Financial Instruments and Financial Risk Management [Abstract]

FINANCIAL INSTRUMENTS AND FINANCIAL RISKS

NOTE 5 - FINANCIAL INSTRUMENTS AND FINANCIAL RISKS:

Fair value disclosure

Level 1 financial instruments

As of June 30, 2021, the Company had equity marketable securities measured at fair value through profit or loss, which met the level 1 criteria. As of June 30, 2021, equity marketable securities totaled to $337 thousand and are presented under “short-term investments” in the condensed consolidated statements of financial position. As of December 31, 2020, the Company had no financial assets measured at level 1.

As of June 30, 2021 and December 31, 2020, the Company had no financial liabilities measured at level 1.

Level 2 financial instruments

As of June 30, 2021, the Company had debt marketable securities measured at fair value through profit or loss, which met the level 2 criteria. As of June 30, 2021, debt marketable securities totaled to $5,845 thousand and are presented under “short-term investments” in the condensed consolidated statements of financial position. As of December 31, 2020, the Company had no financial assets measured at level 2.

As of June 30, 2021 and December 31, 2020, the Company had no financial liabilities measured at level 2

Level 3 financial instruments

As of June 30, 2021 and December 31, 2020, the Company had no financial assets measured at level 3.

As of June 30, 2021 and December 31, 2020, the Company had several financial liabilities measured at fair value through profit or loss, which met the level 3 criteria. See further information below.

Fair value measurements based on unobservable data (level 3)

The following table presents the changes in level 3 instruments for the six-month periods ended June 30, 2021 and June 30, 2020:

	Contingent consideration			Convertible debentures		Derivative financial instruments			Total
	U.S. dollars in thousands

Balance as of January 1, 2021		1,599			-		1,448			3,047
Payment of contingent consideration		(915	)		-		-			(915	)
Recognition of day 1 loss within profit or loss		-			-		161			161
Changes in fair value recognized within profit or loss		(434	)		-		(56	)		(490	)
Balance as of June 30, 2021		250			-		1,553			1,803

	Contingent consideration			Convertible debentures			Derivative financial instruments			Total
	U.S. dollars in thousands

Balance as of January 1, 2020		2,170			7,151			1,637			10,958
Payment of contingent consideration		(1,600	)		-			-			(1,600	)
Repayment of convertible debentures		-			(680	)		-			(680	)
Initial recognition of financial liability		-			-			1,450			1,450
Conversion to equity or other financial liability		-			(4,778	)		-			(4,778	)
Recognition of day 1 loss within profit or loss		-			-			164			164
Changes in fair value recognized within profit or loss		430			(1,693	)		(1,273	)		(2,536	)
Balance as of June 30, 2020		1,000			-			1,978			2,978

Fair value of financial assets and financial liabilities measured at amortized cost

Assets and liabilities which are not measured on a recurrent basis at fair value are presented at their carrying amount, which approximates their fair value.