NOTE 9:- | PROPERTY, PLANTS AND EQUIPMENT, NET |
Composition: |
December 31, | |||||||||
2016 | 2017 | ||||||||
Cost: | |||||||||
Computers, equipment and software | $ | 60,074 | $ | 80,888 | |||||
Motor vehicles | 1,552 | 1,659 | |||||||
Buildings | 1,833 | 1,833 | |||||||
Leasehold improvements | 20,991 | 22,080 | |||||||
84,450 | 106,460 | ||||||||
Accumulated depreciation: | |||||||||
Computers, equipment and software | $ | 46,659 | $ | 64,604 | |||||
Motor vehicles | 531 | 636 | |||||||
Buildings | 23 | 70 | |||||||
Leasehold improvements | 11,107 | 11,343 | |||||||
58,320 | 76,653 | ||||||||
Depreciated cost | $ | 26,130 | $ | 29,807 |
In December 2016, Matrix sold its full rights in a land property for a total consideration of approximately $4,473. The group recognized a capital gain from the aforementioned sale in an amount of approximately $3,147. Simultaneously to the sale, Matrix had leased the land for its operations. The lease is treated as an operating lease in accordance with IAS 17.
Depreciation expenses totaled $7,092, $7,880, and $9,598 for the years ended December 31, 2015, 2016 and 2017, respectively.