Share-Based Payment (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Schedule of Expenses Recognized in Financial Statements

The expenses recognized in the financial statements for services received from employees is shown in the following table:

	Year ended December 31
	2017		2016		2015
	€ thousand
Expenses arising from share-based payment Transactions		5		3		7

* Less than €1 thousand

Schedule of Black-Scholes Options Pricing Model

The fair value of the options is estimated using a Black-Scholes options pricing model with the following weighted average assumptions:

	Year ended December 31
	2017			2016
Dividend yield		0	%		0	%
Expected volatility		0.342			0.332
Risk-free interest		1.34	%		0. 67	%
Expected life (in years)		2-3			2-3

Schedule of Weighted Average Fair Values and Exercise Price

Weighted average fair values and exercise price of options on dates of grant are as follows:

	Equal market price
	2017		2016
	US$
Weighted average exercise prices		9.02		8.3
Weighted average fair value on grant date		1.8		1.6

Schedule of Number and Weighted Average Exercise Prices of Share Options

The following table lists the number of share options, the weighted average exercise prices of share options during the current year:

	2017				2016				2015
			Weighted				Weighted					Weighted
			Average				average					Average
	Number of		Exercise		Number of		exercise		Number of			Exercise
	options		Price		options		price		options			Price
			US$				US$					US$
Outstanding at beginning of year		22,502		7.34		19,502		8.26		157,821			8.26
Granted during the year		3,000		9.02		3,000		8.3		3,000			8.96
Exercised during the year		-		-		-		-		(140,193	)		8.33
Expired during the year		-		-		-		-		(1,126	)		8.4
Outstanding at end of year		25,502		7.54		22,502		7.34		19,502			7.19
Exercisable at end of year		7.34		22,502		18,502		7.19		18,502			7.1