XML 65 R45.htm IDEA: XBRL DOCUMENT v3.22.1
Taxes on Income (Tables)
 12 Months Ended
Dec. 31, 2021
Major components of tax expense (income) [abstract]  
Schedule of Composition of Income Tax Benefit (Taxes on Income)
 
B.
Composition of income tax benefit (taxes on income):
 
   
For the year ended December 31
  
   
2021
    
2020
    
2019
  
   
€ in thousands
  
Current tax income (expense)
                  
Current year
     (978
)
     (119
)
     (741
)
Adjustments for prior years, net
     -       (4
)
     (14
)
      (978
)
     (123
)
     (755
)
Deferred tax income
                        
Creation and reversal of temporary differences
     3,467       248       1,042  
                         
Tax benefit
     2,489       125       287  
Schedule of Theoretical Tax
 
C.
Reconciliation between the theoretical tax on the pre-tax profit and the tax expense:
 
   
2021
    
2020
    
2019
  
   
€ in thousands
  
                   
Profit (loss) before taxes on income
     (22,753
)
     (6,293
)
     9,497  
Primary tax rate of the Company
     23
%
     23
%
     23
%
Tax calculated according to the Company’s primary tax rate
     5,233       1,447       (2,184
)
                         
Additional tax (tax saving) in respect of:
                        
Different tax rate of foreign subsidiaries
     (59
)
     (576
)
     (11
)
Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees
     27       351       710  
Changes in deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past
     -       483       3,681  
Change in temporary differences for which deferred tax were not recognized
     65       325       (166
)
Current year tax losses and benefits for which deferred taxes were not created
     (2,770
)
     (1,910
)
     (1,740
)
Tax benefit (taxes) in respect to previous years and others
     (7 )     5       (3
)
                         
Actual Tax benefit
     2,489       125       287  
Schedule of Deferred Taxes
   
Financial
    
Fixed
    
Swap
    
Carry- forward tax
        
   
assets
    
assets
    
contract
    
losses
    
Total
  
   
€ in thousands
  
Balance of deferred tax asset (liability)
                              
as at January 1, 2021
    
(7,064
)
    
(1,509
)
    
(168
)
    
4,540
      
(4,201
)
Changes recognized in profit or loss
    
926
      
162
      
-
      
2,379
      
3,467
  
Changes recognized in other comprehensive income
    
(826
)
    
-
      
5,568
      
108
      
4,850
  
Balance of deferred tax asset (liability) as at
                                        
December 31, 2021
    
(6,964
)
    
(1,347
)
    
5,400
      
7,027
      
4,116
  
 
   
Financial
    
Fixed
    
Swap
    
Carry- forward tax
        
   
assets
    
assets
    
contract
    
losses
    
Total
  
   
€ in thousands
  
Balance of deferred tax asset (liability)
                              
as at January 1, 2020
    
(6,972
)
    
(1,294
)
    
678
      
3,406
      
(4,182
)
Changes recognized in profit or loss
    
(219
)
    
704
      
-
      
(237
)
    
248
  
Changes recognized due to business combination
    
-
      
(919
)
    
-
      
1,407
      
488
  
Changes recognized in other comprehensive income
    
127
      
-
      
(846
)
    
(36
)
    
(755
)
Balance of deferred tax asset (liability) as at
                                        
December 31, 2020
    
(7,064
)
    
(1,509
)
    
(168
)
    
4,540
      
(4,201
)