<{foreach from=$tray->getElements() item=element}>
  <{if $flag}>
    <{$tray->getDelimeter()}>
  <{/if}>
  <{if is_object($element) }>
    <{if $element->getCaption() != ''}>
      <{$element->getCaption()}>&nbsp;
    <{/if}>
    <{$element->render()}>
    <{if !$element->isHidden()}>
      <{assign var=flag value=true}>
    <{/if}>
  <{else}>
    <{$element}>
    <{assign var=flag value=true}>
  <{/if}>
<{/foreach}>