Share-Based Payment (Tables)

12 Months Ended

Dec. 31, 2018

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
	2018		2017		2016
	€ thousand
Expenses arising from share-based payment
Transactions		5		5		3

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
	2018			2017			2016
Dividend yield		0	%		0	%		0	%
Expected volatility		0.384			0.342			0.332
Risk-free interest		2.67	%		1.34	%		0. 67	%
Expected life (in years)		2-3			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
	2018		2017
	US$
Weighted average exercise prices		8.95		9.02
Weighted average fair value on grant date		2.1		1.8

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:

	2018				2017				2016
			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		25,502		7.54		22,502		7.34		19,502		7.19
Granted during
the year		3,000		8.95		3,000		9.02		3,000		8.3
Exercised during
the year		-		-		-		-		-		-
Expired during
the year		1,333		5		-		-		-		-
Outstanding at
end of year		27,169		7.82		25,502		7.54		22,502		7.34
Exercisable at
end of year		24,169		7.68		22,502		7.34		18,502		7.19