DISCONTINUED OPERATION

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 9:- DISCONTINUED OPERATION

a. Below are the main groups of assets and liabilities classified as discontinued operation:

	December 31,
	2015
Assets:
Cash and cash equivalents		2,095
Accounts receivable		8,909
Other accounts receivable and prepaid expenses		444
Inventories		168
Severance pay fund		5,446
Property and equipment		6,117
Goodwill		15,365
Intangible assets		373
Deferred tax asset		57
Assets of discontinued operation	$	38,974
Liabilities:
Short-term bank credit and current maturities of long-term bank loans		84
Trade Payables		7,127
Other accounts payable and accrued expenses		7,931
Long term loans from banks		180
Accrued severance pay		5,783
Liabilities of discontinued operation	$	21,105
Net assets/liabilities of discontinued operation	$	17,869

b. Below is data of the operating results attributed to the discontinued operation:

	Six months ended June 30,				Three months ended June 30,				Year ended December 31,
	2016		2015		2016		2015		2015
	Unaudited				Unaudited
Revenue from sales		18,247		19,385		7,403		9,820		40,498
Cost of sales		15,260		16,893		6,202		8,543		35,427
Gross profit		2,987		2,492		1,201		1,277		5,071
Selling, general and administrative expenses		2,183		1,926		917		1,045		3,649
Operating income		804		566		284		232		1,422
Financial expenses, net		53		399		33		227		805
Other expenses (income), net		348		-		348		-		(15)
Taxes on income		249		110		71		46		97
Income (loss) from discontinued operation		154		57		(168)		(41)		535

c. Below is data of the net cash flows provided by (used in) the discontinued operation:

	Six months ended June 30,				Three months ended June 30,				Year ended December 31,
	2016		2015		2016		2015		2015
	Unaudited				Unaudited
Operating activities		116		1,232		338		662		4,047
Investing activities		(1,187)		134		(690)		51		(746)
Financing activities		251		(6)		221		(122)		(250)