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Fair Value Measurements
 12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements

NOTE 20—FAIR VALUE MEASUREMENTS

 

Financial items measured at fair value are classified in the table below in accordance with the hierarchy established in applicable accounting principles.

 

    As at December 31, 2014  
    Level 1     Level 2     Level 3     Total  
Restricted deposits – current and non-current   $ 1,117     $ —     $ —     $ 1,117  
Derivative assets (liabilities)     5       —       (50 )     (45 )
Total   $ 1,122     $ —     $ (50 )   $ 1,072  

 

    As at December 31, 2013  
    Level 1     Level 2     Level 3     Total  
Restricted deposits – current and non-current   $ 306     $ —     $ —     $ 306  
Derivative assets (liabilities)     —       —       —       —  
Total   $ 306     $ —     $ —     $ 306  

 

Derivative assets are forward contracts for the purchase of NIS for which market prices are readily available. Unrealized gains or losses from forward contracts are recorded in Finance income (expense), net.

 

Derivative liabilities are with respect to the fair value of the liability of stock options and warrants outstanding in excess of the Company’s authorized shares. See Note 14(b).