XML 22 R7.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 5,383 $ 5,065 $ 5,134
Depreciation and amortization 200 151 84
Deferred income taxes, net (128) (30) (2)
Accrued severance pay 118 111 113
Unrealized loss (gain) from marketable securities (51) (93) 78
Realized gain on sale of marketable securities, net (25) (24) (32)
Employees share-based compensation 213 200 224
Decrease (increase) in accounts receivable:      
Trade 1,073 805 (750)
Other 323 187 350
Decrease (increase) in prepaid expenses (45) (15) 138
Increase (decrease) in accounts payable and accruals:      
Trade (901) 138 34
Other 58 48 664
Change in operation lease liability 78 (15)
Increase (decrease) in deferred revenues 203 153 (1,569)
Net cash provided by operating activities 6,499 6,681 4,466
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of marketable securities, net 545 2,529 1,846
Acquisition of subsidiaries (2,310)
Purchase of property and equipment (68) (52) (46)
Severance pay funds (126) (139) (105)
Proceeds from (investment in) short-term bank deposits (385) 2,017 (2,612)
Net cash provided by (used in) investing activities (34) 2,045 (917)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Employee stock options exercised and paid 39
Dividend paid (4,775) (5,061) (5,799)
Net cash used in financing activities (4,775) (5,061) (5,760)
TRANSLATION ADJUSTMENTS ON CASH AND CASH EQUIVILENTS 91 11
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,781 3,676 (2,211)
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 6,479 2,803 [1] 5,014
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR 8,260 6,479 2,803 [1]
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH ACTIVITIES:      
Taxes paid (refunded) 454 12 (19)
Net lease liabilities arising from obtaining right-of-use asset. 599
Shares issued in respect of acquisition of a subsidiary from treasury shares $ 757
[1] Total cash and cash equivalents of $2,739 and restricted cash of $64 that included in other receivables.