Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

Note 10: Leases

a. Lease Agreements:

The Company's offices and its production facility in Israel are located in a building that the Company leases from its Related party (see Note 24a), in accordance with a sub-lease agreement. The Company subleases approximately 3,000 square meters of laboratory, office and clean rooms space at a monthly rent fee NIS 125 (approximately $40). This sub-lease agreement was amended on October 2021, to extand the priod up to October 2025 which was included in the calculation of the lease liability and RoU asset.

In addition the Company and its subsidiary have lease agreements for 13 vehicles for a the remaining period of one year in average.

b. Amounts recognized in profit or loss and in the statement of cash flows

	Year ended December 31,
	2022		2021
Interest expense on lease liabilities		102		120
Depreciation expenses relating to short-term leases		537		531
Cash outflow for leases		701		693

The Company was assisted by external third party valuation expert in determining the appropriate interest rate for discounting its leases based on: credit risk, the weighted average term of the leases and other economic variables. A weighted average incremental borrowing in a range of 1% to 6.7% was used to discount future lease payments in the calculation of the lease liability on the date of initial application of the standard (IFRS 16).

c. Disclosures in respect of Right- of- Use assets:

	Buildings		Motor vehicles			Total
Cost
Balance as of January 1, 2022		2,267		654			2,921
New leases		-		125			125
Adjustments for indexation		74		9			83
Disposals		-		(238	)		(238	)
Balance as of December 31, 2022		2,341		550			2,891
Accumulated depreciation
Balance as of January 1, 2022		1,028		345			1,373
Depreciation and amortization		314		225			539
Disposals		-		(236	)		(236	)
Balance as of December 31, 2022		1,342		334			1,676
Depreciated cost
Balance as of December 31, 2022		999		216			1,215

	Buildings		Motor vehicles			Total
Cost
Balance as of January 1, 2021		2,225		512			2,737
New leases		-		162			162
Adjustments for indexation		42		7			49
Disposals		-		(27	)		(27	)
Balance as of December 31, 2021		2,267		654			2,921
Accumulated depreciation
Balance as of January 1, 2021		698		155			853
Depreciation and amortization		330		201			531
Disposals		-		(11	)		(11	)
Balance as of December 31, 2021		1,028		345			1,373
Depreciated cost
Balance as of December 31, 2021		1,239		309			1,548

d. Disclosures of the Company's lease liabilities :

	Buildings			Motor vehicles			Total
Balance as of January 1, 2022		1,691			299			1,990
Repayment of leases liabilities		(477	)		(224	)		(701	)
Effect of changes in exchange rates		(182	)		(28	)		(210	)
New finance lease obligation recognized		-			117			117
Adjustments for indexation		74			9			83
Financial expenses		93			8			101
Disposals-Termination of leases		-			(2	)		(2	)
Balance as of December 31, 2022		1,199			179			1,378
Current maturities of long-term leases		(399	)		(133	)		(532	)
Lease liability Balance as of December 31, 2022		800			46			846

	Buildings			Motor vehicles			Total
Balance as of January 1, 2021		1,953			354			2,307
Repayment of leases liabilities		(477	)		(216	)		(693	)
Effect of changes in exchange rates		55			13			68
New finance lease obligation recognized		-			155			155
Adjustments for indexation		42			7			49
Financial expenses		118			2			120
Disposals-Termination of leases		-			(16	)		(16	)
Balance as of December 31, 2021		1,691			299			1,990
Current maturities of long-term leases		(403	)		(196	)		(599	)
Lease liability Balance as of December 31, 2021		1,288			103			1,391