0001178913-17-002837.txt : 20171127 0001178913-17-002837.hdr.sgml : 20171127 20171019092326 ACCESSION NUMBER: 0001178913-17-002837 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20171019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ituran Location & Control Ltd. CENTRAL INDEX KEY: 0001337117 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 3 HASHIKMA STREET CITY: AZOOR STATE: L3 ZIP: 58001 BUSINESS PHONE: 972-3-557-1333 MAIL ADDRESS: STREET 1: 3 HASHIKMA STREET CITY: AZOOR STATE: L3 ZIP: 58001 CORRESP 1 filename1.htm

 
October 19, 2017
 
Attn. Mr. Brian Cascio, Accounting Branch Chief
 
Office of Electronics and Machinery
 
Division of Corporation Finance
U.S. Securities & Exchange Commission
100F Street, NE
Washington, D.C. 20549
 
Re:          Ituran Location and Control Ltd.
Form 20-F for fiscal year ended December 31, 2016
Filed: April 27, 2017
File No. 001-32618

Ladies and Gentlemen:
 
This letter is submitted on behalf of Ituran Location and Control Ltd. (the "Company"), in response to additional comments of the staff of the Division of Corporation Finance of the Securities and Exchange Commission regarding our response letter to staff comments dated August 31, 2017 regarding our Annual Report on Form 20-F for the year ended December 31, 2016 (the “2016 20-F”).
 
Our numbered responses below correlate to the numbers in the second Staff comment letter dated September 21, 2017 and the Staff’s comments are presented in bold italics.
 
Note 11 – Contingent Liabilities, page F-28
 
1.
We note your response to comment 3. Please revise the note in future filings to describe your evaluation of potential losses on the assessments from the Brazilian Federal Communication Agency using language and concepts from ASC 450 rather than ASC 740, consistent with your response.
 
Response:
The Company respectfully advices the Staff that it shall revise the note in future fillings, as requested by the Staff, to describe our evaluation of potential losses on the assessments from the Brazilian Federal Communication Agency using language and concepts from ASC 450 rather than ASC 740, consistent with our response dated August 31, 2017.
 
3 Hashikma St., Industrial Zone Azour  · Mailing Address : P.O.B 11473  ·  Tel 03-5571336  ·  Fax 03-5571327

*  *  *  *  *
 
If you have any questions about this response, please feel free to call the undersigned at +972-3-557-1346 or by facsimile +972-3-557-1327.
 
 
Sincerely,
 
     
 
Eli Kamer
 
 
Chief Financial Officer
 
 
Ituran Location and Control Ltd.
 
 
3 Hashikma St., Industrial Zone Azour  · Mailing Address : P.O.B 11473  ·  Tel 03-5571336  ·  Fax 03-5571327
 

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