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SUPPLEMENTARY BALANCE SHEET INFORMATION | 12 Months Ended
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Dec. 31, 2015
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract] |
SUPPLEMENTARY BALANCE SHEET INFORMATION |
NOTE 12:- | SUPPLEMENTARY BALANCE SHEET INFORMATION
a. Other current assets:
|  | December 31, |
|  | 2015 |  |  | 20 14 |
VAT receivables |  | $ | 2,691 |  |  | $ | 2,755 |
Prepaid expenses |  |  | 4,765 |  |  |  | 1,707 |
Deferred charges |  |  | 2,316 |  |  |  | 1,735 |
Tax receivables |  |  | 1,094 |  |  |  | 843 |
Employees |  |  | 96 |  |  |  | 215 |
Grants receivable |  |  | 1,540 |  |  |  | 725 |
Advance payments to suppliers |  |  | 2,875 |  |  |  | 3,611 |
Deferred taxes |  |  | 68 |  |  |  | 69 |
Derivative instruments |  |  | - |  |  |  | 1,949 |
Other |  |  | 778 |  |  |  | 1,151 |
|  | $ | 16,223 |  |  | $ | 14,760 |
b. Short-term bank credit: The following is classified by currency and interest rates:
|  | Weighted average |  |  |  |  |  |  |  |  |  |
|  | interest rate |  |  |  |  |  |  |  |  |  |
|  | December 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  |  |  | % |  |  |  |  |  |  |  |  |
In U. S. dollars |  |  | 1.05 | % |  |  | 2.43 | % |  | $ | 7,000 |  |  | $ | 15,857 |
The Group has restricted cash of $ 7,000 as collateral for of its short-t erm bank credit. c. Other current liabilities:
|  | December 31, |
|  | 2015 |  |  | 2014 |
Payroll and related employee accruals |  |  | 4,815 |  |  |  | 6,793 |
Deferred revenue |  |  | 4,819 |  |  |  | 3,987 |
Provision for vacation pay |  |  | 4,222 |  |  |  | 5,101 |
Derivative instruments |  |  | 148 |  |  |  | 806 |
Government authorities |  |  | 1,167 |  |  |  | 1,173 |
Other |  |  | 1,042 |  |  |  | 727 |
|  | $ | 16,213 |  |  | $ | 18,587 |
d. Long-term loans:
|  |  | Interest rate for |  |  |  |  |  | December 31, |
|  |  | 2015 |  |  | 2014 |  |  |  |  |  | 2015 |  |  | 2014 |
| Linkage |  | % |  |  | % |  |  | Maturity |  |  |  |  |  |  |  |
Loans from banks: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(a) | U.S.dollars |  | 4.77% |  |  | 4.77% |  |  |  | 2016-2022 |  |  | $ | 24,000 |  |  | $ | 28,000 |
(b) | Euro |  | EURIBOR + 2.75% |  |  | EURIBOR + 2.75% |  |  |  | 2016-2020 |  |  |  | 1,835 |  |  |  | 2,534 |
(c) | Euro |  | 6.0% |  |  | 7.9% |  |  |  | 2016-2017 |  |  |  | 200 |  |  |  | 332 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 26,035 |  |  |  | 30,866 |
Less - current maturities |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,542 |  |  |  | 4,595 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | 21,493 |  |  | $ | 26,271 |
(a) | The Company entered into a loan agreement with an Israeli bank. The loan is secured by a floating charge on the assets of the Company, and is further secured by a fixed pledge (mortgage) on the Company's real estate in Israel. In addition, there are financial covenants associated with the loan. As of December 31, 2015 the Company is in compliance with these covenants.
(b) | A Dutch subsidiary of the Company entered into a mortgage and loan agreement with a German bank. The amount of the mortgage is collateralized by the subsidiary's facilities in Germany.
(c) | Raysat BG entered into a mortgage business loan with a Bulgarian bank. The amount of the mortgage is collateralized by Raysat BG building in Bulgaria.
| e. | Long-term debt maturities for loans after December 31, 2015, are as follows:
Year ending December 31, |  |
2016 |  | $ | 4,542 |
2017 |  |  | 4,530 |
2018 |  |  | 4,435 |
2019 |  |  | 4,435 |
2020 |  |  | 4,093 |
2021 and thereafter |  |  | 4,000 |
|  | $ | 26,035 |
Interest expenses on the long-term loans amounted to $1,237, $ 1,553 and $ 1,854 for the years ended December 31, 2015, 2014 and 20 13, respectively. f. Other long-term liabilities:
|  | December 31, |
|  | 2015 |  |  | 20 14 |
Long-term tax accrual |  | $ | 871 |  |  | $ | 1,174 |
Deferred revenue |  |  | 15 |  |  |  | 32 |
Other |  |  | 3,092 |  |  |  | 3,973 |
|  | $ | 3,978 |  |  | $ | 5,179 |

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