| h. |
Property, plant and equipment:
|
Property, plant and equipment are measured at cost, including directly attributable costs, less accumulated depreciation, accumulated impairment losses and any related investment grants and excluding day-to-day servicing expenses.
Depreciation is calculated on a straight-line basis over the useful life of the assets at annual rates as follows:
| |
|
%
|
|
Mainly %
|
| |
|
|
|
|
|
Laboratory equipment
|
|
10-33.33
|
|
15
|
|
Computers and peripheral equipment
|
|
33.33
|
|
|
|
Office equipment and furniture
|
|
6
|
|
|
|
Motor vehicles
|
|
15
|
|
|
|
Leasehold improvements
|
|
see below
|
|
|
Leasehold improvements are depreciated on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement.
The useful life, depreciation method and residual value of an asset are reviewed at least each year-end and any changes are accounted for prospectively as a change in accounting estimate. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale and the date that the asset is derecognized.
