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Related Parties Transactions and Balances
 12 Months Ended
Dec. 31, 2023
Related Parties Transactions and Balances [Abstract]  
RELATED PARTIES TRANSACTIONS AND BALANCES

NOTE 22 - RELATED PARTIES TRANSACTIONS AND BALANCES:

 

“Related Parties” - As defined in IAS 24, “Related Party Disclosures” (“IAS 24”). Key management personnel - included together with other entities in the definition of “related parties” in IAS 24, include the members of the Board of Directors and senior executives. See also Note 14 for further information.

 

Transactions with related parties

 

Compensation to related parties

 

   Year ended December 31 
   2023   2022   2021 
   U.S. dollar in thousands 
Compensation to directors employed by the Company   797    616    1,041 
Compensation to other key management personnel   362    487    444 
Compensation to directors who are not employed by the Company   179    200    88 

 

Compensation to key management personnel, including employed directors

 

The compensation paid to key management personnel for work services they provide to the Company is as follows:

 

   Year ended December 31 
   2023   2022   2021 
   U.S. dollar in thousands 
Payroll, management fees, and other short-term benefits   921    833    1,181 
Share-based payments   238    270    303 
    1,159    1,103    1,484 

 

Balances with related parties

 

   December 31 
   2023   2022 
   U.S. dollar in thousands 
Employees payable   376    324 
Accounts payable   29    40 
    405    364