XML 47 R30.htm IDEA: XBRL DOCUMENT
v3.22.1

Supplementary Financial Statement Information | 12 Months Ended
--- | ---
Dec. 31, 2021
Supplementary Financial Statement Information [Abstract] |
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION |
| Note 22:- | Supplementary Financial Statement Information
| a. | Composition of non-controlling interest in material partially-owned subsidiaries:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Matrix and its subsidiaries |  | $ | 161,947 |  |  | $ | 147,662 |
Sapiens and its subsidiaries |  |  | 320,448 |  |  |  | 306,684 |
Magic Software and its subsidiaries |  |  | 153,706 |  |  |  | 150,808 |
Other |  |  | 2,726 |  |  |  | 188 |
|  | $ | 638,827 |  |  | $ | 605,342 |
| b. | The following table provides detailed breakdown of the Group’s financial income and expenses:
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Financial expenses: |  |  |  |  |  |  |  |  |
Financial expenses related to liabilities in respect of business combinations |  | $ | 3,539 |  |  | $ | 3,738 |  |  | $ | 1,061 |
Interest expenses on loans and borrowings |  |  | 6,249 |  |  |  | 6,863 |  |  |  | 6,376 |
Financial costs related to Debentures |  |  | 6,948 |  |  |  | 6,546 |  |  |  | 5,632 |
Interest expenses attributed to IFRS 16 |  |  | 4,873 |  |  |  | 5,367 |  |  |  | 4,195 |
Bank charges, negative foreign exchange differences and other financial expenses |  |  | 8,385 |  |  |  | 6,930 |  |  |  | 5,179 |
|  |  | 29,994 |  |  |  | 29,444 |  |  |  | 22,443 |
Financial income: |  |  |  |  |  |  |  |  |  |  |  |
Income from marketable securities and embedded derivative |  |  | 3,338 |  |  |  | 204 |  |  |  | 747 |
Interest income from deposits, positive foreign exchange differences and other financial income |  |  | 2,651 |  |  |  | 2,355 |  |  |  | 3,044 |
|  |  | 5,989 |  |  |  | 2,559 |  |  |  | 3,791 |
Financial expenses, net |  | $ | 24,005 |  |  | $ | 26,885 |  |  | $ | 18,652 |
| c. | Geographical information:
| 1) | The Group’s property and equipment is located as follows:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Israel |  | $ | 44,221 |  |  | $ | 44,105 |
United States |  |  | 3,144 |  |  |  | 4,517 |
Europe |  |  | 2,820 |  |  |  | 3,303 |
Japan |  |  | 211 |  |  |  | 283 |
Other |  |  | 6,490 |  |  |  | 6,968 |
Total |  | $ | 56,886 |  |  | $ | 59,176 |
| 2) | Revenues:
The Group’s revenues classified by geographic area (based on the location of customers) are as follows:
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Israel |  | $ | 1,506,566 |  |  | $ | 1,203,109 |  |  | $ | 1,047,265 |
International: |  |  |  |  |  |  |  |  |  |  |  |
United States |  |  | 591,794 |  |  |  | 501,785 |  |  |  | 462,803 |
Europe |  |  | 255,680 |  |  |  | 189,152 |  |  |  | 145,564 |
Africa |  |  | 18,012 |  |  |  | 11,702 |  |  |  | 15,336 |
Japan |  |  | 12,890 |  |  |  | 14,282 |  |  |  | 14,925 |
Other (mainly Asia pacific) |  |  | 19,434 |  |  |  | 13,888 |  |  |  | 15,222 |
Total |  | $ | 2,404,376 |  |  | $ | 1,933,918 |  |  | $ | 1,701,115 |
| 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, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share – net income attributable to equity holders of the Company |  | $ | 54,585 |  |  | $ | 46,776 |  |  | $ | 38,820 |
Diluted earnings per share – net income attributable to equity holders of the Company |  | $ | 53,974 |  |  | $ | 45,969 |  |  | $ | 37,457 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share – weighted average shares outstanding |  |  | 15,290 |  |  |  | 15,286 |  |  |  | 15,190 |
Effect of dilutive securities |  |  | 114 |  |  |  | 6 |  |  |  | 151 |
Diluted earnings per share – adjusted weighted average shares outstanding |  |  | 15,404 |  |  |  | 15,292 |  |  |  | 15,341 |
Basic net earnings per share |  |  | 3.57 |  |  |  | 3.05 |  |  |  | 2.56 |
Diluted net earnings per share |  |  | 3.50 |  |  |  | 3.01 |  |  |  | 2.44 |

X
- References No definition available. + Details
Name: | forty_SupplementaryFinancialStatementInformationAbstract
Namespace Prefix: | forty_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of supplementary financial statement information. + References No definition available. + Details
Name: | forty_SupplementaryFinancialStatementInformationTextBlock
Namespace Prefix: | forty_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration