TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Profit Before Income Tax Expense (Benefit) Included In The Statement Of Operations

Profit before tax and income tax expense (benefit) included in the consolidated statements of comprehensive income:

	Year ended December 31,
	2015			2014			2013
	US Dollars in thousands
Profit (loss) before income tax expense:
Israel		1,038			(483	)		782
Foreign jurisdictions		206			(738	)		24
		1,244			(1,221	)		806
Current tax expense (benefit):
Israel		(3	)		-			(41	)
Foreign jurisdictions		72			19			78
		69			19			37
Deferred taxes:
Israel		149			1,581			(3,079	)
Foreign jurisdictions		-			34			67
		149			1,615			(3,012	)
Income tax expense (benefit)		218			1,634			(2,975	)

Reconciliation Of The Theoretical Income Tax Expense To The Actual Income Tax Expense

A reconciliation of the theoretical income tax expense (benefit), assuming all income is taxable at the statutory rates applicable in Israel, and the actual income tax expense, is as follows:

	Year ended December 31,
	2015			2014			2013
	US Dollars in thousands
Profit (loss) before income tax expense (benefit) as reported in the consolidated  statements of comprehensive income		1,244			(1,221	)		806
Statutory tax rates		26.5	%		26.5	%		25	%
Theoretical tax expense calculated		330			(324	)		202
Other		36			182			(118	)
Changed in liability for undistributed income of subsidiaries		38			29			132
Change in valuation allowance		(92	)		1,724			(2,540	)
Adjustment to net loss carryforward		-			-			142
Change in effective corporate tax  rates		-			-			(757	)
Tax benefit arising from "Beneficiating and Preferred enterprises" (*)		(109	)		40			(70	)
Foreign tax rate differential in  subsidiaries		15			(17	)		34
Total		(112	)		1,958			(3,177	)
Income tax expense (benefit)		218			1,634			(2,975	)

Deferred Tax Assets And Liabilities

Deferred taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and such amounts for income tax purposes.  Significant components of the Company's deferred tax liabilities and assets are as follows:

	December 31,
	2015			2014
	US Dollars in thousands
Deferred tax assets:
Net operating loss carryforwards (in Israel)		2,350			2,532
Net operating loss carryforwards (outside Israel)		492			530
Capital loss carryforwards (in Israel)		1,110			1,113
Severance benefits		27			29
Provision for vacation pay		200			199
Tax credit carryforward		905			869
Allowance for doubtful accounts		14			10
Total gross deferred tax assets		5,098			5,282
Less valuation allowance		(3,100	)		(3,192	)**
Net deferred tax assets		1,998			2,090	**
Deferred tax liabilities:
Undistributed income of subsidiaries		(197	)		(156	)**
Fixed assets - differences in depreciation		(737	)		(721	)
Total gross deferred tax liabilities		(934	)		(877	)**
Net deferred tax assets		1,064			1,213