Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2017

Major components of tax expense (income) [abstract]

Schedule of Composition of Income Tax Benefit (Taxes on Income)

Composition of income tax benefit (taxes on income):

	For the year ended December 31
	2017			2016			2015
	€ in thousands
Current tax income (expense)
Current year		(494	)		(252	)		(375	)
Previous years		1,044			(67	)		796
		550			(319	)		421
Deferred tax income
Creation and reversal of temporary differences		(922	)		(250	)		1,318
Tax benefit (taxes on income)		(372	)		(569	)		1,739

Schedule of Theoretical Tax

Statutory rate applied to corporations in Israel and the actual tax expense, is as follows:

	2017			2016			2015
	€ in thousands
Profit (loss) before taxes on income		(6,269	)		(63	)		6,371
Primary tax rate of the Company		24	%		25	%		26.5	%
Tax benefit (tax on income)		1,505			16			(1,688	)
Profit (loss) subject to different tax rate		(106	)		(15	)		(265	)
Creation of (changes in) deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past		(448	)		-			2,441
Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees		367			344			5
Change in temporary differences for which deferred tax were not recognized		(359	)		(347	)		832
Current year tax losses and benefits for which deferred taxes were not created,		(1,142	)		(378	)		511
Taxes in respect to previous years  and others		(189	)		(189	)		(97	)
Actual tax benefit (tax on income)		(372	)		(569	)		1,739

Schedule of Deferred Taxes

							Finance lease					Losses
	Financial			Fixed			obligations and			Swap		on
	assets			assets			long term loans			contract		income		Total
	€ in thousands
Balance of deferred tax asset (liability) as at January 1, 2016		(1,184	)		(3,019	)		2,150			139		3,768		1,854
Changes recognized in profit or loss		(95	)		(42	)		(46	)		39		106		(250	)
Changes recognized in other comprehensive income		-			-			-			-		-		-
Balance of deferred tax asset (liability) as at December 31, 2016		(1,279	)		(3,061	)		2,104			178		3,662		1,604

							Finance lease						Losses
	Financial			Fixed			obligations and			Swap			on
	assets			assets			long term loans			contract			income			Total
	€ in thousands
Balance of deferred tax asset (liability) as at January 1, 2017		(1,279	)		(3,061	)		2,104			178			3,662			1,604
Changes recognized due to business combination		(7,678	)		-			-			-			2,791			(4,887	)
Changes recognized in profit or loss		1,565			(117	)		(84	)		(61	)		(2,225	)		(922	)
Balance of deferred tax asset (liability) as at December 31, 2017		(7,392	)		(3,178	)		2,020			117			4,228			(4,205	)