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Share-Based Payment (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment [Abstract]

Schedule of Expenses Recognized in Financial Statements

The expenses recognized in the financial statements for services received from directors and employees is shown in the following table:

		Year ended December 31
		2024				2023				2022
		€ thousand
Expenses arising from share-based payment transactions			112				122				127

Schedule of Black-Scholes Options Pricing Model

The fair value of the options is estimated using a Black-Scholes options pricing model with the following weighted average assumptions:

		Year ended December 31
		2024				2023				2022
Dividend yield			0	%			0	%			0	%
Expected volatility			0.569				0.509				0.405
Risk-free interest			4.16	%			4.92	%			2.9	%
Expected life (in years)			2-3				2-3				2-3
Exercise price			12.02				16.11				27.22

Schedule of Weighted Average Fair Values and Exercise Price

All options granted during 2024, 2023 and 2022 were granted with an exercise price equal to or higher than the market price on the date of grant. Weighted average fair values and exercise prices of options on dates of grant are as follows:

		Equal market price
		2024				2023				2022
		US$
Weighted average exercise prices			12.02				16.11				27.22
Weighted average fair value on grant date			4.10				5.11				7.27

Schedule of Number and Weighted Average Exercise Prices of Share Options

The following table lists the number of share options, the weighted average exercise prices of share options during the current year:

		2024								2023								2022
						Weighted								Weighted								Weighted
						Average								average								Average
		Number of				Exercise				Number of				exercise				Number of				Exercise
		options				Price				options				price				options				Price
						US$								US$								US$
Outstanding at beginning of year			54,010				26.28				49,394				26.98				48,684				26.16
Granted during the year			4,000				12.02				4,616				16				4,000				27.22
Exercised during the year			-				-				-				-				(3,290	)			11.19
Expired during the year			5,500				21.03				-				-				-				-
Outstanding at end of year			52,510				25.74				54,010				26.28				49,394				26.98
Exercisable at end of year			48,510				26.87				38,394				26.63				23,394				25.25

X

- Definition

The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2024-01-01
-Paragraph 47
-Subparagraph a
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-URIDate 2024-03-27

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X

- Definition

The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 2
-IssueDate 2024-01-01
-Paragraph 45
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_45&doctype=Standard
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X

- Definition

The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2024-01-01
-Paragraph 45
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_45_b&doctype=Standard
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X

- Definition

The explanation that enables users of financial statements to understand the effect of share-based payment transactions on the entity's financial position.

+ References

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-Name IFRS
-Number 2
-IssueDate 2024-01-01
-Paragraph 50
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_50&doctype=Standard
-URIDate 2024-03-27

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