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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