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Fair Value Measurement

12 Months Ended

Dec. 31, 2021

Disclosure of fair value measurement [text block] [Abstract]

Note 6:-

Fair value measurement

In determining fair value, the Group utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible and considers counterparty credit risk in its assessment of fair value.

The Group’s financial assets and liabilities measured at fair value on a recurring basis, including accrued interest components, consisted of the following types of instruments as of December 31, 2020 and 2021:

	Fair value measurements
	December 31, 2021
	Level 2		Level 3		Total
Assets:
Convertible bonds at fair value through profit or loss (Note 4)		1,142		-		1,142
Foreign currency derivative contracts		188		-		188
Dividend preference derivative in TSG ⁽¹⁾				2,023		2,023
	$	1,330	$	2,023	$	3,353

Liabilities:
Contingent consideration in respect of business combination		-		24,495		24,495
Liabilities from acquisition of non-controlling interests (put options)		-		71,278		71,278
	$	-	$	95,773	$	95,773

	Fair value measurements
	December 31, 2020
	Level 2		Level 3		Total
Assets:
Convertible bonds at fair value through profit or loss (Note 4)		1,238		-		1,238
Dividend preference derivative in TSG ⁽¹⁾		-		1,707		1,707
	$	1,238	$	1,707	$	2,945

Liabilities:
Foreign currency derivative contracts		707		-		707
Contingent consideration in respect of business combination		-		18,456		18,456
Liabilities from acquisition of non-controlling interests (put options)		-		64,018		64,018
	$	707	$	82,474	$	83,181

⁽¹⁾

The fair value of dividend preference derivative in TSG was estimated using the Monte-Carlo simulation technique.