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Tax on income
12 Months Ended
Dec. 31, 2023
Disclosure Of Tax Expenses [Abstract]  
Tax on income
Note 10 – Tax on income
 
Tax balances presented in the statement of financial position:
 
   
December 31,
 
 
2023
   
2022
   
2023
 
 
NIS
   
NIS
   
US Dollars
 
                   
Current tax assets
   
9,497
     
3,117
     
2,618
 
Deferred tax liabilities
   
(4,868
)
   
(4,198
)
   
(1,342
)
 
   
January
         
December
   
December
 
   
1, 2023
   
Change
   
31, 2023
   
31, 2023
 
   
NIS
   
NIS
   
NIS
   
US Dollars
 
Deferred taxes arise from the following:
                             
Financial assets carried at fair value through profit or loss
   
(5,135
)
   
(710
)
   
(5,845
)
   
(1,612
)
Leases
   
-
     
19
     
19
     
5
 
Employees benefits
   
421
     
80
     
501
     
139
 
Allowance of credit loss
   
326
     
(9
)
   
317
     
87
 
Carry forward tax losses
   
190
     
(50
)
   
140
     
39
 
     
(4,198
)
   
(670
)
   
(4,868
)
   
(1,342
)
 
   
January
         
December
   
December
 
   
1, 2022
   
Change
   
31, 2022
   
31, 2022
 
   
NIS
   
NIS
   
NIS
   
US Dollars
 
Deferred taxes arise from the following:
                             
Financial assets carried at fair value through profit or loss
   
(6,511
)
   
1,376
     
(5,135
)
   
(1,459
)
Financial liabilities carried at fair value through profit or loss
   
3,210
     
(3,210
)
   
-
     
-
 
Employees benefits
   
599
     
(178
)
   
421
     
120
 
Allowance of credit loss
   
316
     
10
     
326
     
93
 
Carry forward tax losses
   
369
     
(179
)
   
190
     
53
 
     
(2,017
)
   
(2,181
)
   
(4,198
)
   
(1,193
)
 
Taxes on income recognized in profit or loss:
 
   
Year ended December 31,
 
   
2 0 2 3
   
2 0 2 2
   
2 0 2 1
   
2 0 2 3
 
   
NIS
   
NIS
   
NIS
   
US Dollars
 
Current taxes:
                       
Current taxes
   
6,866
     
9,866
     
11,470
     
1,893
 
     
6,866
     
9,866
     
11,470
     
1,893
 
                                 
Deferred taxes
   
670
     
2,544
     
1,249
     
185
 
     
7,536
     
12,410
     
12,719
     
2,078
 

 

Reconciliation of the statutory tax rate to the effective tax rate:
 
   
Year ended December 31,
 
   
2 0 2 3
   
2 0 2 2
   
2 0 2 1
   
2 0 2 3
 
   
NIS
   
NIS
   
NIS
   
US Dollars
 
                         
Income before Income taxes
   
39,192
     
53,974
     
57,820
     
10,806
 
Statutory tax rate
   
23
%
   
23
%
   
23
%
   
23
%
Tax computed by statutory tax rate
   
9,014
     
12,414
     
13,299
     
2,485
 
                                 
Tax increments (savings) due to:
                               
Non-deductible expenses
   
541
     
147
     
97
     
150
 
Profit or loss for tax for which deferred taxes were not provided
   
-
     
(13
)
   
12
     
-
 
Temporary differences
   
(19
)
   
-
     
-
     
(5
)
Taxes for previous years
   
(268
)
   
358
     
-
     
(74
)
Tax exempt Income
   
(1,224
)
   
(844
)
   
(1,202
)
   
(338
)
Other
   
(508
)
   
348
     
513
     
(140
)
     
7,536
     
12,410
     
12,719
     
2,078
 
 
The tax rate applicable to the Company for the years 2021 – 2023 is 23%.