XML 19 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Share Capital
Additional paid-in capital
Retained earnings
Accumulated other comprehensive Loss
Treasury shares (cost)
Non-controlling interests
Total
Balance at ending at Dec. 31, 2019 $ 4,340 $ 120,737 $ 285,146 $ 11,676 $ (259) $ 474,694 $ 896,334
Balance at ending (in Shares) at Dec. 31, 2019 15,294,267            
Net income 46,776 67,246 114,022
Foreign currency translation 14,007 20,099 34,106
Actuarial gain from defined benefit plans 396 444 840
Unrealized loss on debt instruments at fair value through other comprehensive income, net (1) (1) (2)
Share of other comprehensive income (loss) of companies accounted for at equity (169) (169)
Total other comprehensive income (loss) 396 13,837 20,542 34,775
Total comprehensive income (loss) 47,172 13,837 87,788 148,797
Cost of share-based payment (Note 18) 1,310 6,546 7,856
Dividend to Formula’s shareholders (7,960) (7,960)
Dividend to non-controlling interests in subsidiaries (39,056) (39,056)
Transactions with non-controlling interests due to holding changes, including exercise of employees’ stock options 847 4,459 5,306
Acquisition of non-controlling interests (6,538) (13,114) (19,652)
Dilution in Formula’s share in Sapiens due to issuance of Sapiens’ ordinary shares   34,462       74,275 108,737
Settlement of put options over non-controlling interests (1,569) (4,137) (5,706)
Non-controlling interests arising from initially consolidated companies   13,887 13,887
Balance at Dec. 31, 2020 $ 4,340 149,249 324,358 25,513 (259) 605,342 1,108,543
Balance (in Shares) at Dec. 31, 2020 15,294,267            
Net income 54,585 87,317 141,902
Foreign currency translation (125) (112) (237)
Actuarial gain from defined benefit plans 1,460 1,547 3,007
Unrealized loss on debt instruments at fair value through other comprehensive income, net            
Share of other comprehensive income (loss) of companies accounted for at equity 128 128
Total other comprehensive income (loss) 1,460 3 1,435 2,898
Total comprehensive income (loss) 56,045 3 88,752 144,800
Cost of share-based payment (Note 18) 7,434 7,405 14,839
Dividend to Formula’s shareholders (22,088) (22,088)
Dividend to non-controlling interests in subsidiaries (62,662) (62,662)
Transactions with non-controlling interests due to holding changes, including exercise of employees’ stock options (540) 3,211 2,671
Acquisition of non-controlling interests 1,005 (2,705) (1,700)
Settlement of put options over non-controlling interests (4,100) (4,532) (8,632)
Non-controlling interests arising from initially consolidated companies 4,016 4,016
Balance at Dec. 31, 2021 $ 4,340 153,048 358,315 25,516 (259) 638,827 $ 1,179,787
Balance (in Shares) at Dec. 31, 2021 15,294,267           15,294,267
Net income     81,393     118,274 $ 199,667
Foreign currency translation       (34,236)   (38,335) (72,571)
Actuarial gain from defined benefit plans 1,330   1,387 2,717
Unrealized loss on debt instruments at fair value through other comprehensive income, net            
Share of other comprehensive income (loss) of companies accounted for at equity (3,053) (3,053)
Loss from investments in equity instruments measured at fair value through other comprehensive income (5,257)   (5,257)
Total other comprehensive income (loss) 1,330 (42,546) (36,948) (78,164)
Total comprehensive income (loss) 82,723 (42,546)   81,326 121,503
Issuance of restricted shares to employees $ 7 (7)  
Issuance of restricted shares to employees (in Shares) 23,400            
Cost of share-based payment (Note 18) 8,161 6,729 14,890
Dividend to Formula’s shareholders (21,590) (21,590)
Dividend to non-controlling interests in subsidiaries (96,630) (96,630)
Transactions with non-controlling interests due to holding changes, including exercise of employees’ stock options (766) 744 (22)
Acquisition of non-controlling interests (8,673) (8,919) (17,592)
Settlement of put options over non-controlling interests (6,394) (438) (6,832)
Non-controlling interests arising from initially consolidated companies 4,219 4,219
Deconsolidation of a Matrix IT’s subsidiary (811) (811)
Balance at Dec. 31, 2022 $ 4,347 $ 145,369 $ 419,448 $ (17,030) $ (259) $ 625,047 $ 1,176,922
Balance (in Shares) at Dec. 31, 2022 15,317,667           15,317,667