Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2022

Major components of tax expense (income) [abstract]

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

B.            Composition of income tax benefit (taxes on income):

	For the year ended December 31
	2022			2021			2020
	€ in thousands
Current tax expense
Current year		(2,201	)		*(978	)		(119	)
Adjustments for prior years, net		(2,936	)		—			(4	)
		(5,137	)		(978	)		(123	)
Deferred tax income
Creation and reversal of temporary differences		98			*3,259			248
Adjustments for prior years, net		2,936			-			-
		3,034			*3,259			248
Tax benefit (taxes in income)		(2,103	)		2,281			125

* Restated following application of an amendment to IAS 16 - see Note 2C.

Schedule of Theoretical Tax

C.            Reconciliation between the theoretical tax on the pre-tax profit and the tax expense:

	2022			2021			2020
	€ in thousands
Profit (loss) before taxes on income		2,243			(21,921	)		(6,293	)
Primary tax rate of the Company		23	%		23	%		23	%
Tax benefit (tax expenses) calculated according to the Company’s primary tax rate		(516	)		5,042			1,447
Additional tax saving in respect of:
Different tax rate of foreign subsidiaries		(526	)		(76	)		(576	)
Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees		277			27			351
Difference between measurement basis of income (expenses) for tax purposes and measurement basis of income (expenses) for financial reporting purposes		(706	)		-			-
Changes in deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past		282			-			483
Utilization of tax losses and benefits from prior years for which deferred taxes were not created		566			-			-
Change in temporary differences for which deferred tax were not recognized		-			65			325
Current year tax losses and benefits for which deferred taxes were not created		(1,345	)		(2,770	)		(1,910	)
Tax benefit (tax expenses) in respect to previous years and others		(135	)		(7	)		5
Actual tax benefit (taxes on income)		(2,103	)		2,281			125

Schedule of Deferred Taxes

E.            Deferred taxes:
 

	Financial			Fixed			Swap		Carry- forward tax
	assets			assets and leases			contract		losses			Total
	€ in thousands
Balance of deferred tax asset (liability)
as at January 1, 2022		(6,964	)		* (1,555	)		5,400		7,027			* 3,908
Changes recognized in profit or loss		3,065			(569	)		-		538			3,034
Changes recognized in other comprehensive income		257			-			9,544		(3	)		9,798
Balance of deferred tax asset (liability) as at
December 31, 2022		(3,642	)		(2,124	)		14,944		7,562			16,740

* Restated following application of an amendment to IAS 16 - see Note 2C.

	Financial			Fixed			Swap			Carry- forward tax
	assets			assets and leases			contract			losses		Total
	€ in thousands
Balance of deferred tax asset (liability)
as at January 1, 2021		(7,064	)		(1,509	)		(168	)		4,540		(4,201	)
Changes recognized in profit or loss		926			*(46	)		-			2,379		3,259
Changes recognized in other comprehensive income		(826	)		-			5,568			108		4,850
Balance of deferred tax asset (liability) as at
December 31, 2021		(6,964	)		* (1,555	)		5,400			7,027		3,908

* Restated following application of an amendment to IAS 16 - see Note 2C.