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</font></strong></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> 2013 </font></strong></p> </td> <td valign="bottom" style="padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> &#160; </font></strong></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> &#160; </font></strong></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> 2014 </font></strong></p> </td> <td valign="bottom" style="padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> &#160; </font></strong></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> &#160; </font></strong></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; 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padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Financial expenses: </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 4;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; width: 66%; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Interest on long-term debt </font></p> </td> <td valign="bottom" style="padding: 0px; width: 1%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> $ </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center; width: 9%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(36)</font> </font></p> </td> <td valign="bottom" style="padding: 0px; width: 2%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; width: 1%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> $ </font></p> </td> <td valign="bottom" style="padding: 0px; width: 9%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(79)</font> </font></p> </td> <td valign="bottom" style="padding: 0px; width: 2%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; width: 1%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> $ </font></p> </td> <td valign="bottom" style="padding: 0px; width: 9%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(67)</font> </font></p> </td> </tr> <tr style="mso-yfti-irow: 6;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Interest on short-term and long-term bank credit and bank charges </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; 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line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(314)</font> </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; 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font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 10;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(406)</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(493)</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(381)</font> </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Financial income: </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 12;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 11.35pt; text-align: left; text-indent: -8.5pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 11.35pt; text-align: left; text-indent: -8.5pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Interest on short-term and long-term bank deposits </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>337</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>141</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"><font>54</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 14;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Foreign exchange derivative instruments </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>39</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>-</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>-</font> </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Foreign exchange gains, net </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>89</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>2,331</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>969</font> </font></p> </td> </tr> <tr style="mso-yfti-irow: 16;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>465</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>2,472</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>1,023</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 18;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; 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padding: 0px; font-family: 'Times New Roman';"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Employees</font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap;" align="right"><font><font style="font-size: 10pt;">29</font></font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 11pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap;" align="right"><font><font style="font-size: 10pt;">13</font></font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p> </td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);" align="left"></td> <td style="padding: 0px; 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text-align: justify; font-family: 'Times New Roman'; font-size: 11pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap;" align="right"><font><font style="font-size: 10pt;">533</font></font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others </font></p> </td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="right"><font><font style="font-size: 10pt;">189</font></font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="left"></td> <td style="vertical-align: bottom; padding: 0px 5px; text-align: justify; font-family: 'Times New Roman'; font-size: 11pt; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="right"><font><font style="font-size: 10pt;">266</font></font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="left"></td> </tr> <tr> <td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"></td> <td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"></td> <td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="vertical-align: top; text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"></td> <td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: rgb(204, 238, 255);"></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: rgb(204, 238, 255);" align="left"><font style="font-size: 10pt;">$</font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; 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font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: rgb(204, 238, 255);" align="right"><font><font style="font-size: 10pt;">2,107</font></font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: rgb(204, 238, 255);" align="left"></td> </tr> </table> </div> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -56.7pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&#160;</font></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -56.7pt; font-family: 'times new roman';"><br/></p> </div> 6574000 2822000 3440000 2221000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; text-indent: -28.35pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"></font><br/></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; text-indent: -28.35pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"></font><br/></p> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">December 31,</font><br/></p> </td> <td style="vertical-align: bottom; text-align: justify; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"></td> </tr> <tr> <td style="vertical-align: top; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; text-align: left;"></td> <td style="vertical-align: top; text-align: justify; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; width: 85%; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2016</font></p> </td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; width: 3%; background-color: rgb(204, 238, 255);" align="left"><font style="font-size: 10pt;">$</font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; width: 3%; background-color: rgb(204, 238, 255);" align="right"><font><font style="font-size: 10pt;">272</font></font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; width: 3%; background-color: rgb(204, 238, 255);" align="left"></td> </tr> <tr> <td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2017</font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap;" align="right"><font><font style="font-size: 10pt;">239</font></font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2018</font></p> </td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);" align="right"><font><font style="font-size: 10pt;">230</font></font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);" align="left"></td> </tr> <tr> <td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2019</font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap;" align="right"><font><font style="font-size: 10pt;">188</font></font></td> <td style="padding: 0px; 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white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font><font style="font-size: 10pt;">864</font></font></td> <td style="vertical-align: bottom; padding: 0px; text-align: justify; font-family: 'Times New Roman'; font-size: 11pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font><font style="font-size: 10pt;">852</font></font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; 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border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="right"></td> <td style="vertical-align: top; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; vertical-align: bottom; white-space: nowrap; border-top-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-top-color: #000000 !important; 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font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"></font><br/></p> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">December 31,</font><br/></p> </td> <td style="vertical-align: bottom; text-align: justify; font-family: 'times new roman'; padding: 0px;" colspan="3" align="center"></td> </tr> <tr> <td style="vertical-align: top; font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; text-align: left;"></td> <td style="vertical-align: top; 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padding: 0px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2018</font></p> </td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);" align="right"><font><font style="font-size: 10pt;">230</font></font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);" align="left"></td> </tr> <tr> <td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman';"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2019</font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap;" align="right"><font><font style="font-size: 10pt;">188</font></font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding: 0px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt 0pt 0pt 11.35pt; text-indent: -8.5pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 and thereafter </font></p> </td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="left"></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="right"><font><font style="font-size: 10pt;">384</font></font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: rgb(204, 238, 255);" align="left"></td> </tr> <tr> <td style="vertical-align: top; font-family: 'times new roman'; padding: 0px; text-align: left;"></td> <td style="font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> <td style="font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;" align="right"></td> <td style="font-family: 'times new roman'; border-top: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; font-family: 'times new roman'; padding: 0px; background-color: rgb(204, 238, 255);"></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: rgb(204, 238, 255);" align="left"><font style="font-size: 10pt;">$</font></td> <td style="padding: 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: rgb(204, 238, 255);" align="right"><font><font style="font-size: 10pt;">1,313</font></font></td> <td style="padding: 0px 5px 0px 0px; font-family: 'Times New Roman'; font-size: 11pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: rgb(204, 238, 255);" align="left"></td> </tr> </table> </div> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -56.7pt; font-family: 'times new roman';"><br/></p> </div> 272000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; text-indent: -28.35pt; font-family: 'times new roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">z.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Impact of recently issued accounting standards</font></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09) "Revenue from Contracts with Customers." ASU 2014-09 supersedes the revenue recognition requirements in "Revenue Recognition (Topic 605)", and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. As currently issued and amended, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, though early adoption is permitted for annual reporting periods beginning after December 15, 2016. The Company is still evaluating the effect that the updated standard will have on its consolidated financial statements and related disclosures.</font></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><br/></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;">In November 2015, the FASB issued Accounting Standards Update No. 2015-17 (ASU 2015-17) "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes".&#160; ASU 2015-17 simplifies the presentation of deferred income taxes by eliminating the separate classification of deferred income tax liabilities and assets into current and noncurrent amounts in the consolidated balance sheet statement of financial position. The amendments in the update require that all deferred tax liabilities and assets be classified as noncurrent in the consolidated balance sheet.</font><br/><font style="font-size: 10pt;"></font></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><br/></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;">The amendments in this update are effective for annual periods beginning after&#160;December 15, 2016, and interim periods therein and may be applied either prospectively or retrospectively to all periods presented. Early adoption is permitted.</font><br/><font style="font-size: 10pt;"></font></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><br/></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;">The Company has early adopted this standard effective October 1, 2015, on a prospective basis. Prior periods have not been retrospectively adjusted.&#160;The adoption of ASU 2015-17 did not have a material impact on the Company's financial statements.</font><br/></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;"></font></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><br/></p> <p style="font-size: 11pt; line-height: 110%; margin: 0pt 0pt 0pt 85.05pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;">In February 2016, the FASB issued ASU 2016-02, "Leases". The updated standard aims to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. This update is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods; early adoption is permitted and modified retrospective application is required. The Company is in the process of evaluating this guidance to determine the impact it will have on its financial statements.</font><br/><font style="font-size: 10pt;"></font></p> </div> 0.04 0.15 0.125 723000 -92000 165000 749000 -35000 3874000 659000 1135000 P40M 4.38 380083 P17M1D P40M 18000 162000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <div style="display: block;"> <div style="display: block;"> <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"> <tr valign="top"> <td style="width: 54pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">NOTE 14:-</font></div> </td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">TAXES ON INCOME</font></div> </td> </tr> </table> </div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <table style="font-family: times new roman; font-size: 10pt;" align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr valign="top"> <td style="width: 53.85pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">&#160; </font></div> </td> <td style="width: 36pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">a.</font></div> </td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Tax laws applicable to the Group companies:</font></div> </td> </tr> </table> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt;">Income Tax (Inflationary Adjustments) Law, 1985:</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">According to the law, until 2007, the results for tax purposes were adjusted for the changes in the Israeli CPI.</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">In February 2008, the "Knesset" (Israeli parliament) passed an amendment to the Income Tax (Inflationary Adjustments) Law, 1985, which limits the scope of the law starting 2008 and thereafter. Since 2008, the results for tax purposes are measured in nominal values, excluding certain adjustments for changes in the Israeli CPI carried out in the period up to December 31, 2007. Adjustments relating to capital gains such as for sale of property (betterment) and securities continue to apply until disposal. Since 2008, the amendment to the law includes, among others, the cancellation of the inflationary additions and deductions and the additional deduction for depreciation (in respect of depreciable assets purchased after the 2007 tax year).</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt;">The Law for the Encouragement of Capital Investments, 1959:</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">According to the Law, the companies are entitled to various tax benefits by virtue of the "approved enterprise" and/or "beneficiary enterprise" status granted to part of their enterprises, as implied by this Law. The principal benefits by virtue of the Law are:</font></font></div> <div style="text-indent: 0pt; display: block;"><br/></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt;">Tax benefits and reduced tax rates:</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">On August 13, 2002, a program of the Company was granted the status of an "Approved Enterprise". The Company elected to enjoy the "alternative benefits" track - waiver of grants in return for tax exemption - and, accordingly, the Company's income from this program is tax-exempt for a period of two years and is subject to a reduced tax rate of 10%-25% for a period of five to eight years (depending upon the percentage of foreign ownership of the Company). The benefit period for this program began in 2003 and terminated in 2012.</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">In respect of programs approved prior to the enactment of Amendment No. 60 to the Law, the benefit period starts with the first year the approved enterprise earns taxable income, provided that 12 years have not passed since the enterprise began operating and 14 years have not passed since the approval was granted.</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Following the enactment of Amendment No. 60 to the Law, subsequent to April 1, 2005, companies under the tax benefits track are no longer required to obtain a letter of approval from the Investment Center but rather must make a notification of the year of election for the beneficiary enterprise status and are required, among others, to make a minimum qualifying investment. This condition requires an investment in the acquisition of productive assets such as machinery and equipment, which must be carried out within three years. The minimum qualifying investment required for setting up a "new plant" is NIS 300 thousand, linked to the Israeli CPI in accordance with the guidelines of the Israeli tax authorities.</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The income qualifying for tax benefits under the tax benefits track is the taxable income of a company that has met certain conditions as determined by the Law ("a beneficiary company"), and which is derived from an industrial enterprise or a hotel. The Law specifies the types of qualifying income that is entitled to tax benefits under the tax benefits track both in respect of an industrial enterprise and of a hotel, whereby income from an industrial enterprise includes, among others, revenues from the production and development of software products and revenues from industrial research and development activities performed for a foreign resident (and approved by the Head of the Administration of Industrial Research and Development).</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">In respect of plant expansions executed following Amendment No. 60 to the Law, the benefit period starts at the later of the year elected and the first year the Company earns taxable income provided that 12 years have not passed since the beginning of the year of election.</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">If a dividend is distributed out of tax exempt profits, as above, the Company will become liable for tax at the rate applicable to its profits from the approved enterprise / beneficiary enterprise in the year in which the income was earned, as if it was not under the tax benefits track. The Company's policy is not to distribute such a dividend.</font></font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><br/></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="font-size: 10pt;"></font><br/></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="font-size: 10pt;">In March, 2007, the Company received a pre-ruling from the Israeli Tax Authority for its request for a Beneficiary Enterprise, regarding eligibility for benefits under the Amendment. The Company's income from this program is tax-exempt for a period of two years and is subject to a reduced tax rate of 10%-25% for a period of five to eight years (depending upon the percentage of foreign ownership of the Company). The Company has not yet obtained any tax benefits from this program.</font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt;">Amendment to the Law for the Encouragement of Capital Investments, 1959 (Amendment 68):</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">In December 2010, the "Knesset" (Israeli Parliament) passed the Law for Economic Policy for 2011 and 2012 (Amended Legislation), 2011 ("the Amendment"), which prescribes, among others, amendments in the Law for the Encouragement of Capital Investments, 1959 ("the Law"). The Amendment became effective as of January 1, 2011. According to the Amendment, the benefit tracks in the Law were modified and a flat tax rate applies to the Company's entire preferred income under its status as a privileged company with a preferred enterprise. Commencing from the 2011 tax year, the Company can elect (without possibility of reversal) to apply the Amendment in a certain tax year and from that year and thereafter, it will be subject to the amended tax rates. The tax rates under the Amendment are: 2011 and 2012 - 15% (in development area A - 10%) and in 2013 - 12.5% (in development area A - 7%).</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt;">Amendment to the Law for the Encouragement of Capital Investments, 1959 (Amendment 71):</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">On August 5, 2013, the "Knesset" issued the Law for Changing National Priorities (Legislative Amendments for Achieving Budget Targets for 2013 and 2014), 2013 which consists of Amendment 71 to the Law for the Encouragement of Capital Investments ("the Amendment"). According to the Amendment, the tax rate on preferred income form a preferred enterprise in 2014 and thereafter will be 16% (in development area A - 9%).</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The Amendment also prescribes that any dividends distributed to individuals or foreign residents from the preferred enterprise's earnings as above will be subject to tax at a rate of 20%.</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The Company has evaluated the effect of the adoption of the Amendment on its financial statements, and as of the date of the approval of the financial statements, the Company believes that it will not apply the Amendment. The Company's may change its position in the future.</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The Company's Israeli subsidiary applied the Amendment effective from the 2011 tax year.</font></font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><br/></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="font-size: 10pt;"></font><br/></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><em><font style="font-size: 10pt;">Accelerated depreciation:</font></em></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">By virtue of the Law, the Company is eligible for deduction of accelerated depreciation on equipment used by the approved enterprise / beneficiary enterprise from the first year of the asset's operation.</font></font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">&#160;</font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt;">The Law for the Encouragement of Industry (Taxation), 1969:</font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br/> </font></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The Company has the status of an "industrial company", as defined by this law. According to this status and by virtue of regulations published thereunder, the Company is entitled to claim a deduction of accelerated depreciation on equipment used in industrial activities, as determined in the regulations issued under the Inflationary Law. 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padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> &#160; </font></strong></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> 2014 </font></strong></p> </td> <td valign="bottom" style="padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> &#160; </font></strong></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> &#160; </font></strong></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p align="center" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: center; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><strong><font style="font-size: 10pt;"> 2015 </font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 2;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Financial expenses: </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 4;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; width: 66%; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Interest on long-term debt </font></p> </td> <td valign="bottom" style="padding: 0px; width: 1%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> $ </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center; width: 9%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(36)</font> </font></p> </td> <td valign="bottom" style="padding: 0px; width: 2%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; width: 1%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> $ </font></p> </td> <td valign="bottom" style="padding: 0px; width: 9%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(79)</font> </font></p> </td> <td valign="bottom" style="padding: 0px; width: 2%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; width: 1%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> $ </font></p> </td> <td valign="bottom" style="padding: 0px; width: 9%; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(67)</font> </font></p> </td> </tr> <tr style="mso-yfti-irow: 6;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Interest on short-term and long-term bank credit and bank charges </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(370)</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(414)</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(314)</font> </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 10;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(406)</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(493)</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>(381)</font> </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Financial income: </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 12;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 11.35pt; text-align: left; text-indent: -8.5pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 11.35pt; text-align: left; text-indent: -8.5pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Interest on short-term and long-term bank deposits </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>337</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>141</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"><font>54</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 14;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Foreign exchange derivative instruments </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>39</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>-</font> </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>-</font> </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Foreign exchange gains, net </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>89</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; 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line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border: none; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>465</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>2,472</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none solid; border-bottom-color: windowtext; border-bottom-width: 1pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>1,023</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 18;"> <td valign="bottom" style="padding: 0px;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px; text-align: center;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="padding: 0px;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> </tr> <tr style="background-color: #cceeff;"> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p align="left" style="margin: 0in 0in 0.0001pt 2.85pt; text-align: left; line-height: 110%; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none double; border-bottom-color: windowtext; border-bottom-width: 2.25pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> $ </font></p> </td> <td valign="bottom" style="border-style: none none double; border-bottom-color: windowtext; border-bottom-width: 2.25pt; padding: 0px; text-align: center; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: right;"><font style="font-size: 10pt;"> <font>59</font> </font></p> </td> <td valign="bottom" style="padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td valign="bottom" style="border-style: none none double; border-bottom-color: windowtext; border-bottom-width: 2.25pt; padding: 0px; background-color: #cceeff;"> <p style="margin: 0in 0in 0.0001pt 2.85pt; line-height: 12pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> $ </font></p> </td> <td valign="bottom" style="border-style: none none double; 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The fair value of these options was determined using a Binomial valuation model with the following assumptions: Contractual term of 6-7 years, risk-free interest rate of 1.78%-3.65%, expected volatility of 44.59%-57.31% and no dividend yield.