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Document And Entity Information
12 Months Ended
Dec. 31, 2022
shares
Document Information Line Items  
Entity Registrant Name FORMULA SYSTEMS (1985) LTD.
Trading Symbol FORTY
Document Type 20-F/A
Current Fiscal Year End Date --12-31
Entity Common Stock, Shares Outstanding 15,317,667
Amendment Flag true
Amendment Description This Amendment No. 1, or the Amendment, to the Annual Report on Form 20-F for the year ended December 31, 2022, or the Annual Report, filed on May 15, 2023 with the Securities and Exchange Commission, or the SEC, is being filed by Formula Systems (1985) Ltd., or the Company, to amend the Annual Report for the sole purpose of:   ● Adding to our financial statements included under Item 18 of this Amendment, in accordance with Rule 2-05 of Regulation S-X, the attestation report on internal control over financial reporting of an auditor of a subsidiary of the Company upon which our principal auditor relied, and to which our principal auditor referred, in rendering its attestation report on internal control over financial reporting that was included in the Annual Report. The subject attestation report on internal control over financial reporting for the subsidiary had been inadvertently omitted from the Annual Report. In keeping with SEC requirements, this Amendment consists solely of (i) the entirety of Item 18 of Form 20-F, along with (ii) Exhibits 12.1 and 12.2, which constitute the required certifications of our principal executive officer and principal financial officer pursuant to Rule 13a-14(a)/Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended, or the Exchange Act, and (iii) Exhibits 13.1 and 13.2, which consist of the certifications of our principal executive officer and principal financial officer pursuant to Rule 13a-14(b)/Rule 15d-14(b) under the Exchange Act and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.Other than as expressly set forth above, this Amendment does not, and does not purport to, amend, update or restate the information in any other item of the Annual Report, or reflect any events that have occurred after the Annual Report was originally filed.
Entity Central Index Key 0001045986
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Filer Category Large Accelerated Filer
Entity Well-known Seasoned Issuer Yes
Document Period End Date Dec. 31, 2022
Document Fiscal Year Focus 2022
Document Fiscal Period Focus FY
Entity Emerging Growth Company false
Entity Shell Company false
ICFR Auditor Attestation Flag true
Document Registration Statement false
Document Annual Report true
Document Transition Report false
Document Shell Company Report false
Entity File Number 000-29442
Entity Address, Country IL
Entity Address, Address Line One Yahadut Canada 1 Street
Entity Address, City or Town Or Yehuda
Entity Address, Postal Zip Code 6037501
Entity Incorporation, State or Country Code L3
Title of 12(b) Security American Depositary Shares, each representing one Ordinary Share, NIS 1 par value
Security Exchange Name NASDAQ
Entity Interactive Data Current Yes
Document Financial Statement Error Correction [Flag] false
Document Accounting Standard International Financial Reporting Standards
Auditor Firm ID 1281
Auditor Name KOST FORER GABBAY & KASIERER
Auditor Location Tel-Aviv, Israel
Business Contact  
Document Information Line Items  
Entity Address, Country IL
Entity Address, Address Line One Yahadut Canada 1 Street
Entity Address, City or Town Or Yehuda
Entity Address, Postal Zip Code 6037501
Contact Personnel Name Asaf Berenstin
City Area Code 972
Local Phone Number 3 5389389
Contact Personnel Fax Number 972 3 5389300