XML 86 R69.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

Fair Value Measurement (Details) - Schedule of Liabilities in Respect of the Business Combinations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Liabilities in Respect of the Business Combinations [Abstract]
Opening balance	$ 19,693	$ 17,772
Increase in contingent consideration due to acquisitions		10,670
Payment of contingent consideration	(13,908)	(8,547)
Increase in fair value of contingent consideration	880	119
Decrease in fair value of contingent consideration	(640)	(1,025)
Foreign currency translation adjustments	(146)	(598)
Amortization of interest and exchange rate	296	1,302
Closing balance	$ 6,175	$ 19,693

X

- Definition

The amount, at acquisition date, of contingent consideration arrangements recognised as consideration transferred in a business combination. [Refer: Business combinations [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 3
-IssueDate 2023-01-01
-Paragraph B64
-Subparagraph g
-Clause i
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2023-en-r&anchor=para_B64_g_i&doctype=Appendix&subtype=B
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The increase (decrease) in a contingent consideration asset (liability) relating to a business combination.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 3
-IssueDate 2023-01-01
-Paragraph B67
-Subparagraph b
-Clause i
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2023-en-r&anchor=para_B67_b_i&doctype=Appendix&subtype=B
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_IncreaseDecreaseInContingentConsiderationAssetLiability
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	mgic_AmortizationOfInterestAndExchangeRate
Namespace Prefix:	mgic_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	mgic_DecreaseInFairValueOfContingentConsideration
Namespace Prefix:	mgic_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The amount of foreign currency translation adjustments in contingent consideration.

+ References

No definition available.

+ Details

Name:	mgic_ForeignCurrencyTranslationAdjustmentsRelatedToContingentConsideration
Namespace Prefix:	mgic_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	mgic_IncreaseInFairValueOfContingentConsideration
Namespace Prefix:	mgic_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	mgic_PaymentOfContingentConsideration
Namespace Prefix:	mgic_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	mgic_ScheduleOfLiabilitiesInRespectOfTheBusinessCombinationsAbstract
Namespace Prefix:	mgic_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration