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General (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of general information about financial statements [text block] [Abstract]

Schedule of the following table presents the ownership of Formula’s directly held investees as of the dates indicated

		Percentage of ownership
		December 31,
		2021				2020
Matrix			48.92				49.28
Sapiens			43.64				43.96
Magic Software			45.59				45.53
Insync			90.09				90.09
Michpal			100.00				100.00
TSG⁽¹⁾			50.00				50.00
Ofek			80.00				86.02
ZAP Group			100.00				-

⁽¹⁾

TSG’s results of operations are reflected in the Company’s results of operations using the equity method of accounting.