Share-Based Payment (Tables)

12 Months Ended

Dec. 31, 2022

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 directors and employees is shown in the following table:

	Year ended December 31
	2022		2021		2020
	€ thousand
Expenses arising from share-based payment transactions		127		63		50

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
	2022			2021			2020
Dividend yield		0	%		0	%		0	%
Expected volatility		0.405			0.433			0.427
Risk-free interest		2.9	%		0.48	%		0.11	%
Expected life (in years)		2-3			2-3			2-3

Schedule of Weighted Average Fair Values and Exercise Price

	Equal market price
	2022		2021
	US$
Weighted average exercise prices		27.22		29.27
Weighted average fair value on grant date		7.27		9.65

Schedule of Number and Weighted Average Exercise Prices of Share Options

	2022					2021					2020
				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		48,684			26.16		31,135			12.94		34,886			9.83
Granted during
the year		4,000			27.22		37,000			29.27		4,249			28.91
Exercised during
the year		(3,290	)		11.19		(18,451	)		10.06		(8,000	)		7.87
Expired during
the year		(-	)		-		(1,000	)		26.63		-			-
Outstanding at
end of year		49,394			26.98		48,684			26.16		31,135			12.94
Exercisable at
end of year		23,394			25.25		6,749			20.05		17,018			6.3