General (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination, Significant Transaction and Sale of Business [Abstract]

Schedule of the Following Table Presents the Ownership of Formula’s Directly Held Investees as of the Dates Indicated

The following table presents the ownership of the Company’s eight directly held subsidiaries and one jointly controlled entity directly held as of the dates indicated (the list consists only of active companies):

	Percentage of ownership
	December 31,
	2022		2021
Matrix IT		48.69		48.92
Sapiens		44.10		43.64
Magic Software		46.26		45.59
Insync		90.09		90.09
Michpal		100.00		100.00
TSG(1)		50.00		50.00
Ofek		80.00		80.00
ZAP Group		100.00		100.00
Shamrad		100.00		-

(1) TSG’s results of operations are reflected in the Company’s results of operations using the equity method of accounting.