Supplementary Financial Statement Information

12 Months Ended

Dec. 31, 2022

Supplementary Financial Statement Information [Abstract]

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

Note 23:- Supplementary Financial Statement Information

a. Composition of non-controlling interest in material partially-owned subsidiaries:

	December 31,
	2022		2021
Matrix IT and its subsidiaries	$	155,886	$	161,947
Sapiens and its subsidiaries		316,319		320,448
Magic Software and its subsidiaries		151,253		153,706
Other		1,291		2,726
	$	625,049	$	638,827

b. The following table provides detailed breakdown of the Group’s financial income and expenses:

	Year ended December 31,
	2022		2021		2020
Financial expenses:
Financial expenses related to liabilities in respect of business combinations	$	1,081	$	3,539	$	3,738
Interest expenses on loans and borrowings		9,837		6,249		6,863
Financial costs related to Debentures		3,775		6,948		6,546
Interest expenses attributed to IFRS 16		4,822		4,873		5,367
Derivatives loss		1,193		-		-
Bank charges, negative foreign exchange differences and other financial expenses		6,508		8,385		6,930
		27,216		29,994		29,444
Financial income:
Income from marketable securities and embedded derivative		-		3,338		204
PPP loan forgiveness		1,465		-		-
Interest income from deposits, positive foreign exchange differences and other financial income		5,821		2,651		2,355
		7,286		5,989		2,559
Financial expenses, net	$	19,930	$	24,005	$	26,885

c. Geographical information:

1) The Group’s property and equipment is located as follows:

	December 31,
	2022		2021
Israel	$	45,994	$	44,221
United States		3,563		3,144
Europe		1,834		2,820
Japan		153		211
Other		3,427		6,490
Total	$	54,971	$	56,886

2) Revenues:

The Group’s revenues classified by geographic area (based on the location of customers) are as follows:

	Year ended December 31,
	2022		2021		2020
Israel	$	1,571,035	$	1,506,566	$	1,203,109
International:
United States		680,325		591,794		501,785
Europe		262,303		255,680		189,152
Africa		26,692		18,012		11,702
Japan		11,333		12,890		14,282
Other (mainly Asia pacific)		20,669		19,434		13,888
Total	$	2,572,357	$	2,404,376	$	1,933,918

d. Earnings per share:

The following table presents the computation of basic and diluted net earnings per share for the Group:

	Year ended December 31,
	2022		2021		2020
Numerator:
Basic earnings per share – net income attributable to equity holders of the Company	$	81,393	$	54,585	$	46,776
Diluted earnings per share – net income attributable to equity holders of the Company	$	80,794	$	53,974	$	45,969
Denominator:
Basic earnings per share – weighted average shares outstanding		15,296		15,290		15,286
Effect of dilutive securities		207		114		6
Diluted earnings per share – adjusted weighted average shares outstanding		15,503		15,404		15,292
Basic net earnings per share		5.31		3.57		3.05
Diluted net earnings per share		5.21		3.50		3.01