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v3.23.1

Consolidated Statements of Financial Position - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Jan. 01, 2021
--- | --- | --- | ---
CURRENT ASSETS: |  |  |
Cash and cash equivalents | $ 83,062 | $ 88,090 | $ 88,127
Short-term bank deposits | 3,904 | 5,586 | 289
Trade receivables (net of allowance for credit losses of $3,967, $5,071 and $5,416 at January 1, 2021, December 31, 2021 and 2022, respectively) | 118,126 | 116,975 | 91,986
Unbilled receivables and contract assets | 30,354 | 25,096 | 19,073
Other accounts receivable and prepaid expenses | 13,652 | 11,027 | 11,751
Total current assets | 249,098 | 246,774 | 211,226
LONG-TERM ASSETS: |  |  |
Deferred tax assets | 3,618 | 7,993 | 6,235
Right-of-use assets | 27,536 | 23,280 | 23,363
Other long-term receivables | 5,795 | 5,165 | 5,507
Property, plants, and equipment, net | 8,338 | 5,872 | 5,988
Intangible assets, net | 52,057 | 51,390 | 53,404
Goodwill | 158,699 | 146,803 | 135,682
Total long-term assets | 256,043 | 240,503 | 230,179
Total assets | 505,141 | 487,277 | 441,405
CURRENT LIABILITIES: |  |  |
Short term debt | 20,755 | 17,108 | 11,598
Trade payables | 27,598 | 24,711 | 14,250
Accrued expenses and other accounts payable | 46,842 | 45,091 | 41,777
Current maturities of lease liabilities | 4,591 | 3,267 | 3,792
Put options of non-controlling interests | 27,172 | 23,197 | 14,611
Liability in respect of business combinations | 19,287 | 6,635 | 4,998
Deferred revenues and customer advances | 9,808 | 10,771 | 8,793
Total current liabilities | 156,053 | 130,780 | 99,819
LONG-TERM LIABILITIES: |  |  |
Long-term debt | 30,412 | 20,155 | 13,352
Long-term lease liabilities | 24,282 | 21,907 | 21,230
Liability in respect of business combinations | 5,376 | 13,892 | 10,926
Deferred tax liabilities | 10,686 | 17,945 | 17,484
Put options of non-controlling interests | 1,120 | 6,137 | 9,315
Accrued severance pay, net | 901 | 905 | 872
Total long-term liabilities | 72,777 | 80,941 | 73,179
COMMITMENTS AND CONTINGENCIES |  |  |
MAGIC SOFTWARE ENTERPRISES LTD shareholders’ equity: |  |  |
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at January 1, 2021, December 31, 2021 and 2022; Issued and Outstanding: 49,035,055, 49,073,055 and 49,093,055 shares at January 1, December 31, 2021 and 2022, respectively | 1,166 | 1,165 | 1,164
Additional paid-in capital | 182,031 | 184,047 | 188,415
Accumulated other comprehensive income (loss) | (6,559) | 9,264 | 7,437
Retained earnings | 86,289 | 70,660 | 62,673
Total equity attributable to Magic Software Enterprises shareholders | 262,927 | 265,136 | 259,689
Non-controlling interests | 13,384 | 10,420 | 8,718
Total equity | 276,311 | 275,556 | 268,407
Total liabilities and equity | $ 505,141 | $ 487,277 | $ 441,405

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- Definition The amount of non-current lease liabilities. [Refer: Lease liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2022-03-24 -Paragraph 47 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2022-en-r&anchor=para_47_b&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The amount of current non-financial assets that the entity does not separately disclose in the same statement or note. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The amount of non-current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Non-current liabilities] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The amount receivable by the entity that it does not separately disclose in the same statement or note. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_b&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 54 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_54_a&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The amount of current borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24 + Details
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