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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Profit Before Income Tax Expense (Benefit) Included In The Statement Of Operations

Profit before tax and taxes on income included in the consolidated statements of comprehensive income:

		Year ended December 31,
		2020				2019				2018
Income (loss) before income tax expense:
Israel			2,504				1,741				(2,663	)
Foreign jurisdictions			175				129				119
			2,679				1,870				(2,544	)
Current tax expense:
Israel			-				-				14
Foreign jurisdictions			38				32				49
			38				32				63
Deferred taxes:
Israel			33				45				-
			33				45				-
Income tax expense			71				77				63

Reconciliation Of The Theoretical Income Tax Expense To The Actual Income Tax Expense

A reconciliation of the theoretical income tax benefit, assuming all income is taxable at the statutory rates applicable in Israel, and the actual income tax expense, is as follows:

		Year ended December 31,
		2020				2019				2018
Income (loss) before income tax expense as reported in the consolidated statements of comprehensive income			2,679				1,870				(2,544	)
Statutory tax rates			23	%			23	%			23	%
Theoretical tax expense (benefit) calculated			616				430				(585	)
Losses and other items for which a valuation allowance was provided			419				(38	)			271
Change in effective on corporate tax rate							-				-
Realization of carryforward tax losses for which valuation allowance was provided			(692	)			(250	)			-
Tax benefit arising from "Preferred enterprises"			(303	)			(109	)			189
Foreign tax rate differential in subsidiaries			(3	)			22				22
Non-deductible items and others			34				22				166
Total			(545	)			(353	)			648
Income tax expense			71				77				63

Deferred Tax Assets And Liabilities

Significant components of the Company's deferred tax liabilities and assets are as follows:

		December 31,
		2020				2019
Deferred tax assets:
Net operating loss carryforwards (in Israel)			3,284				3,851
Capital loss carryforwards (in Israel)			2,485				2,073
Operating lease			1,442				396
Tax credit carryforward			1,171				1,085
Reserves and other			241				241
Total gross deferred taxes			8,623				7,646

Less valuation allowance			(6,195	)			(6,298	)
Deferred tax assets, net			2,428				1,348
Deferred tax liabilities:
Undistributed income of subsidiaries			(263	)			(232	)
Operating lease			(1,432	)			(398	)
Property and equipment			(817	)			(763	)
Total deferred tax liabilities			(2,512	)			(1,393	)
Net deferred tax liabilities			(84	)			(45	)

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- References

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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