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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