XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.23.1

Selected Statements of Income Data | 12 Months Ended
--- | ---
Dec. 31, 2022
Selected Statements of Income Data [Abstract] |
SELECTED STATEMENTS OF INCOME DATA |
| NOTE 21:- | SELECTED STATEMENTS OF INCOME DATA
| a. | Research and development costs, net:
|  | Year ended December 31, |
|  | 2021 |  |  | 2022 |
Total costs |  | $ | 12,188 |  |  | $ | 13,149 |
Less - capitalized software costs |  |  | (3,193 | ) |  |  | (3,059 | )
Research and development, net |  | $ | 8,995 |  |  | $ | 10,090 |
| b. | Selling and marketing expenses:
|  | Year ended December 31, |
|  | 2021 |  |  | 2022 |
Salary and related expenses |  | $ | 26,100 |  |  | $ | 33,474 |
Advertising expenses |  |  | 2,522 |  |  |  | 2,676 |
Cost of share-based payment |  |  | 956 |  |  |  | (56 | )
Others |  |  | 8,569 |  |  |  | 10,763 |
Total selling and marketing expenses |  | $ | 38,147 |  |  | $ | 46,857 |
| c. | General and administrative expenses:
|  | Year ended December 31, |
|  | 2021 |  |  | 2022 |
Salary and related expenses |  | $ | 24,072 |  |  | $ | 21,492 |
Subcontractors |  |  | 3,842 |  |  |  | 5,335 |
Cost of share-based payment |  |  | - |  |  |  | 2,135 |
Others |  |  | 3,308 |  |  |  | 8,590 |
Total general and administrative expenses |  | $ | 31,222 |  |  | $ | 37,552 |
| d. | The following table provides detailed breakdown of the Company’s financial income and expenses:
|  | Year ended December 31, |
|  | 2021 |  |  | 2022 |
Financial expenses: |  |  |  |  |  |
Financial expenses related to liabilities in respect of business combinations |  | $ | 2,817 |  |  | $ | 744 |
Interest expenses on loans and borrowings |  |  | 615 |  |  |  | 1,743 |
Interest expenses attributed to leases |  |  | 719 |  |  |  | 691 |
Bank charges, negative foreign exchange differences and other financial expenses |  |  | 2,468 |  |  |  | 2,559 |
|  |  | 6,619 |  |  |  | 5,737 |
Financial income: |  |  |  |  |  |  |  |
Interest income from deposits, positive foreign exchange differences and other financial income |  |  | 113 |  |  |  | 1,392 |
|  |  | 113 |  |  |  | 1,392 |
Financial expenses, net |  | $ | 6,506 |  |  | $ | 4,345 |
| e. | Earnings per share:
The following table presents the computation of basic and diluted net earnings per share for the Company:
|  | Year ended December 31, |
|  | 2021 |  |  | 2022 |
Numerator: |  |  |  |  |  |
Net income attributable to Magic shareholders |  | $ | 29,767 |  |  | $ | 40,470 |
Denominator: |  |  |  |  |  |  |  |
Basic earnings per share - weighted average shares outstanding |  |  | 49,055,082 |  |  |  | 49,089,044 |
Effect of dilutive securities |  |  | 44,972 |  |  |  | 42,267 |
Diluted earnings per share – adjusted weighted average shares outstanding |  |  | 49,100,054 |  |  |  | 49,131,311 |
Basic and diluted net earnings per share |  |  | 0.61 |  |  |  | 0.82 |

X
- Definition The disclosure of finance income (cost). [Refer: Finance income (cost)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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