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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Exchange Rates And Linkage Bases

2.Details of the CPI (2016 base) and the representative exchange rates are as follows:

Exchange rate

Exchange rate

Israeli CPI

of one US dollar

of one Euro

Points

NIS

NIS

 

December 31, 2021

103.9

3.110

3.520

December 31, 2020

101.1

3.215

3.944

December 31, 2019

101.8

3.456

3.878

%

 

December 31, 2021

2.8

(3.3

)

(10.8

)

December 31, 2020

(0.7

)

(7.0

)

1.7

December 31, 2019

0.6

(7.8

)

(10.0

)

Activity In The Allowance For Doubtful Accounts

The activity in the allowance for doubtful accounts is as follows:

Year ended December 31,

2021

2020

2019

 

Opening balance

214

227

170

Provision for doubtful accounts

3

81

71

Customers write-offs/collection during the year

(52

)

(111

)

(31

)

Foreign currency translation adjustments

8

17

17

 

Closing balance

173

214

227

Fixed Assets Depreciation Rates

Property and equipment are stated at cost, net of accumulated depreciation and impairment losses. Depreciation is computed by the straight-line method over the estimated useful lives of the assets at the following annual rates:

%

 

Machinery and equipment

5-33

Leasehold improvements

6-33

Motor vehicles

10-15

Office furniture and equipment

6-15

Schedule of Assumptions for Binomial Option Pricing Model

The following assumptions were used in the B&S option pricing model for the three year period ended December 31, 2021:

2021

2020

2019

 

Dividend yield

0%

0%

0%

Expected volatility

76%-79%

86%

76%

Risk-free interest

0.7%-1.3%

0.51%

1.47%

Expected term

6.25 years

7 years

7 years

Forfeiture rate

0%

0%

0%

Schedule of Accumulated Other Comprehensive Loss, Net

The total accumulated other comprehensive income, net was comprised as follows:

Year ended December 31,

2021

2020

2019

 

Foreign currency translation adjustments

563

674

139

 

Total accumulated other comprehensive income

563

674

139