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Investments in Companies Accounted for at Equity Method | 12 Months Ended
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Dec. 31, 2021
Description of accounting policy for investments other than investments accounted for using equity method [text block] [Abstract] |
INVESTMENTS IN COMPANIES ACCOUNTED FOR AT EQUITY METHOD |
| Note 7:- | Investments in companies accounted for at equity METHOD
The following table summarizes the Group’s investments in companies accounted for at equity:
|  | December 31, |
|  | 2021 |  |  | 2020 |
TSG (Joint venture) |  |  | 27,633 |  |  |  | 27,165 |
Other investments |  |  | 1,267 |  |  |  | 1,146 |
|  |  | 28,900 |  |  |  | 28,311 |
Investment in TSG
| a. | The Company holds directly a 50% share interest in the issued and outstanding share capital of TSG, a joint venture engaged in the fields of command-and-control systems, intelligence, homeland security and cyber security. The Company’s investment in TSG is reflected in the consolidated financial statements using the equity method of accounting. At the acquisition date the Company attributed an amount of $2,140 to a separate component of dividend preference derivative. The dividend preference derivative is measured at fair value through profit or loss and is presented in the consolidated statements of financial position under long-term prepaid expenses, other accounts and other investments.
| b. | The following table summarizes the balances related to the Company’s investment in TSG in the consolidated statements of financial position:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Investment in companies accounted for at equity method |  |  |  |  |  |  |  |
Shares |  |  | 18,391 |  |  |  | 18,225 |
Capital note |  |  | 9,242 |  |  |  | 8,940 |
|  |  | 27,633 |  |  |  | 27,165 |
Long-term prepaid expenses, other accounts, and other investments |  |  |  |  |  |  |  |
Dividend preference derivative at fair value through profit or loss |  |  | 2,023 |  |  |  | 1,707 |
| c. | The following table summarizes the changes in the fair value of TSG’s dividend preference derivative:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Opening balance |  |  | 1,707 |  |  |  | 1,539 |
Increase in fair value recognized in profit or loss |  |  | 255 |  |  |  | 48 |
Currency exchange rate in other comprehensive income |  |  | 61 |  |  |  | 120 |
Closing balance |  |  | 2,023 |  |  |  | 1,707 |
| d. | The following table summarizes the changes in the carrying amount of the Company’s investment in TSG:
January 1, 2019 |  | $ | 25,683 |
Company’s share of profit |  |  | 1,771 |
Company’s share of other comprehensive income |  |  | 62 |
Company’s Share in dividend declared by TSG |  |  | (1,500 | )
December 31, 2019 |  | $ | 26,016 |
Company’s share of profit |  |  | 1,318 |
Company’s share of other comprehensive income |  |  | (169 | )
December 31, 2020 |  | $ | 27,165 |
Company’s share of profit |  |  | 340 |
Company’s share of other comprehensive income |  |  | 128 |
December 31, 2021 |  | $ | 27,633 |
| e. | The following table summarizes financial information of TSG:
| (i) | Summarized statement of financial position in accordance with IFRS as of December 31, 2020 and 2021 (as presented in TSG’s financial statements):
|  | December 31, |
|  | 2021 |  |  | 2020 |
Current assets |  |  | 47,065 |  |  |  | 51,056 |
Noncurrent assets excluding goodwill |  |  | 8,551 |  |  |  | 4,810 |
Current liabilities |  |  | (25,167 | ) |  |  | (26,201 | )
Noncurrent liabilities |  |  | (6,299 | ) |  |  | (8,414 | )
Total equity |  |  | 24,150 |  |  |  | 21,251 |
Accumulated cost of share-based payment |  |  | (1,282 | ) |  |  | (743 | )
|  | $ | 22,868 |  |  | $ | 20,508 |
Company’s share in TSG |  |  | 50 | % |  |  | 50 | %
|  |  | 11,434 |  |  |  | 10,254 |
Excess cost of intangible assets net of deferred tax |  |  | 6,363 |  |  |  | 7,075 |
Goodwill |  |  | 9,836 |  |  |  | 9,836 |
Company’s carrying amount of the investment in TSG |  | $ | 27,633 |  |  | $ | 27,165 |
| (ii) | The following table presents key highlights of TSG’s profit or loss in accordance with IFRS for the years ended December 31, 2019, 2020 and 2021 (as presented in TSG’s financial statements):
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Revenues |  |  | 77,035 |  |  |  | 77,661 |  |  |  | 84,350 |
Net income |  |  | 2,104 |  |  |  | 4,059 |  |  |  | 4,966 |
Other comprehensive income |  |  | 255 |  |  |  | (338 | ) |  |  | 124 |
Total comprehensive income |  |  | 2,359 |  |  |  | 3,721 |  |  |  | 5,090 |
Company’s share in TSG |  |  | 50 | % |  |  | 50 | % |  |  | 50 | %
|  |  | 1,180 |  |  |  | 1,861 |  |  |  | 2,545 |
Amortization of excess cost of intangible assets net of tax |  |  | (712 | ) |  |  | (712 | ) |  |  | (712 | )
Company’s share of total comprehensive income |  |  | 468 |  |  |  | 1,149 |  |  |  | 1,833 |
Company’s share of other comprehensive income |  |  | 128 |  |  |  | (169 | ) |  |  | 62 |
Company’s share of profit |  |  | 340 |  |  |  | 1,318 |  |  |  | 1,771 |
|  |  | 468 |  |  |  | 1,149 |  |  |  | 1,833 |

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- Definition The description of the entity's accounting policy for investments other than investments accounted for using the equity method. [Refer: Investments accounted for using equity method; Investments other than investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 117 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_117_b&doctype=Standard -URIDate 2021-03-24 + Details
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