Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2018

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
	2018			2017			2016
	€ in thousands
Current tax income (expense)
Current year		(438	)		(494	)		(252	)
Previous years		26			1,044			(67	)
		(412	)		550			(319	)
Deferred tax income
Creation and reversal of temporary differences		197			(922	)		(250	)
Taxes on income		(215	)		(372	)		(569	)

Schedule of Theoretical Tax

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

	2018			2017			2016
	€ in thousands
Profit (loss) before taxes on income		819			(6,269	)		(63	)
Primary tax rate of the Company		23	%		24	%		25	%
Tax benefit (tax on income)		(188	)		1,505			16
Profit (loss) subject to different tax rate		45			(106	)		(15	)
Changes in deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past		-			(448	)		-
Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees		585			367			344
Change in temporary differences for which deferred tax were not recognized		(576	)		(359	)		(347	)
Current year tax losses and benefits for which deferred taxes were not created		(136	)		(1,142	)		(378	)
Tax benefit (taxes) in respect to previous years  and others		55			(189	)		(189	)
Actual tax on income		(215	)		(372	)		(569	)

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, 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	)

							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, 2018		(7,392	)		(3,178	)		2,020			117		4,228			(4,205	)
Changes recognized due to business combination		-			-			-			-		2			2
Changes recognized in profit or loss		200			1,262			(1,310	)		39		6			197
Changes recognized in other comprehensive income		257			-						42		(89	)		210
Balance of deferred tax asset (liability) as at
December 31, 2018		(6,935	)		(1,916	)		710			198		4,147			(3,796	)