RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Balances with related parties:

	December 31,
	2015		2014
	US Dollars in thousands

Trade accounts receivable		173		74
Trade accounts payable		37		32

Transactions with related parties:

	Year ended December 31,
	2015		2014		2013
	US Dollars in thousands

Revenues		644		370		6
Cost of revenues (*)		-		-		3,402

Selling, general and administrative expenses		340		339		52

Insurance Expenditures - the Company may share with Nistec costs of insurance consulting and insurance premiums in the event the Company determines that a joint insurance policy with Nistec reduces the Company’s costs as compared to purchasing insurance separately. Insurance expenditures will be divided between the Company and Nistec as follows: (i) insurance consulting services costs will be divided in proportion to the insurance premiums paid by the Company and Nistec in the preceding year; (ii) the joint insurance premiums will be divided in proportions indicated by the insurer for each

of the Company and Nistec, had they purchased the insurance separately. The Company will solicit updated insurance proposals at least bi-annually. The decision to enter into such a joint insurance policy with Nistec will be subject to the approval of the Audit Committee and the Board of Directors of the Company

(*)

The Company's purchases from such supplier accounted for 23.1% of its raw material costs in 2013.