NOTE 15—RELATED PARTIES—TRANSACTIONS AND BALANCES:
| a. | Transactions with related parties |
Key management personnel include members of the Board of Directors, the Chief Executive Officer and all Vice Presidents of the Company and companies controlled by them.
| Year ended December 31 | ||||||||||||
| 2017 | 2016 | 2015 | ||||||||||
| U.S. dollars in thousands | ||||||||||||
| Key management compensation: | ||||||||||||
| Labor cost and related expenses | $ | 2,202 | $ | 1,737 | $ | 1,791 | ||||||
| Share-based payments | 2,075 | 817 | 798 | |||||||||
| Other | 406 | 420 | 446 | |||||||||
| $ | 4,683 | $ | 2,974 | $ | 3,035 | |||||||
| b. | Balances with related parties: |
| December 31 | ||||||||
| 2017 | 2016 | |||||||
|
U.S. dollars in thousands |
||||||||
| Key management— | ||||||||
| Payables and accrued expenses - for salary and related expenses | $ | 409 | $ | 319 | ||||
| Severance pay obligations | $ | 88 | $ | 69 | ||||
| Provision for vacation | $ | 97 | $ | 65 | ||||