PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

NOTE 3 - PROPERTY AND EQUIPMENT

Composition of property and equipment grouped by major classifications is as follows:

	December 31,
(U.S. dollars in thousands)	2012			2013
Laboratory equipment	$	14,502		$	14,858
Furniture and computer equipment		1,818			2,074
Leasehold improvements		14,447			15,070
Equipment under construction		329			28
	$	31,096		$	32,030
Less - accumulated depreciation and amortization		(14,786	)		(18,319	)
	$	16,310		$	13,711

Depreciation and amortization in respect of property and equipment totaled approximately $3.6 million, $3.7 million and $3.5 million for the years ended December 31, 2011, 2012 and 2013, respectively, out of which the Company recorded a total write down of approximately $10,000, $0 and $0, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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