• Entity registrant name: FORMULA SYSTEMS (1985) LTD (CIK: 0001045986)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1045986/000121390018006332/0001213900-18-006332-index.htm
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    Component: (Network and Table)
    Network
    002 - Statement - Consolidated Statements of Financial Position
    (http://formulasystems.com/role/ConsolidatedStatementsOfFinancialPosition)
    Table (Implied)
    Slicers (applies to each fact value in each table cell)
    Reporting Entity [Axis] 0001045986 (http://www.sec.gov/CIK)
    Statement of financial position [abstract] Period [Axis]
    2017-12-31
    2016-12-31
    Statement of financial position [abstract]
     
     
    ASSETS
     
     
    CURRENT ASSETS:
     
     
    Cash and cash equivalents
    245,936,000  
    238,161,000  
    Short-term deposits
    735,000  
    13,000  
    Marketable securities
    14,138,000  
    37,516,000  
    Trade receivables (net of allowances for doubtful accounts of $4,676 and $6,051 as of December 31, 2016 and December 31, 2017, respectively)
    385,778,000  
    308,338,000  
    Other accounts receivable and prepaid expenses
    44,915,000  
    45,678,000  
    Inventories
    3,299,000  
    3,953,000  
    Total current assets
    694,801,000  
     
    633,659,000  
     
    LONG-TERM ASSETS:
     
     
    Marketable Securities
    xsi:nil  
    17,228,000  
    Deferred taxes
    15,878,000  
    15,227,000  
    Prepaid expenses and other accounts receivable
    16,581,000  
    14,410,000  
    Total long-term assets
    32,459,000  
     
    46,865,000  
     
    INVESTMENTS IN COMPANIES ACCOUNTED FOR AT EQUITY METHOD
    25,315,000  
    24,060,000  
    PROPERTY, PLANTS AND EQUIPMENT, NET
    29,807,000  
    26,130,000  
    INTANGIBLE ASSETS, NET
    163,983,000  
    128,446,000  
    GOODWILL
    617,272,000  
    495,362,000  
    Total assets
    1,563,637,000  
     
    1,354,522,000  
     
    LIABILITIES AND EQUITY
     
     
    Liabilities [abstract]
     
     
    CURRENT LIABILITIES:
     
     
    Liabilities to banks and others
    70,819,000  
    84,760,000  
    Debentures
    4,826,000  
    3,274,000  
    Trade payables
    95,339,000  
    80,114,000  
    Deferred revenue and customer advances
    58,905,000  
    37,647,000  
    Dividend payable
    xsi:nil  
    7,070,000  
    Employees and payroll accrual
    111,707,000  
    90,709,000  
    Other accounts payable
    53,145,000  
    41,272,000  
    Liabilities in respect of business combinations
    6,811,000  
    8,119,000  
    Redeemable non-controlling interests
    31,395,000  
    6,073,000  
    Total current liabilities
    432,947,000  
     
    359,038,000  
     
    LONG-TERM LIABILITIES:
     
     
    Liabilities to banks and others
    135,616,000  
    115,529,000  
    Debentures, net of current maturities
    133,739,000  
    55,441,000  
    Other long term liabilities
    7,244,000  
    9,384,000  
    Deferred taxes
    36,605,000  
    31,029,000 1
    Deferred revenues
    9,340,000  
    4,697,000  
    Liability in respect of business combinations
    4,711,000  
    8,869,000  
    Liability in respect of capital lease
    		  
    108,000  
    Redeemable non-controlling interests
    21,481,000  
    40,411,000  
    Employee benefit liabilities
    9,032,000  
    6,174,000  
    Total long-term liabilities
    357,768,000  
     
    271,642,000  
     
    COMMITMENTS AND CONTINGENCIES
    xsi:nil  
    xsi:nil  
    EQUITY
     
     
    Formula Systems (1985) equity:
     
     
    Share capital:
     
     
    Ordinary shares of NIS 1 par value - Authorized: 25,000,000 shares at December 31, 2016 and 2017; Issued: 15,297,402 and 15,307,402 at December 31, 2016 and 2017, respectively; Outstanding: 14,728,782 and 14,738,782 at December 31, 2016 and 2017, respectively
    4,187,000  
    4,184,000  
    Additional paid-in capital
    97,657,000  
    100,571,000  
    Accumulated earnings
    239,534,000  
    234,268,000  
    Accumulated other comprehensive income (loss)
    18,083,000  
    (2,377,000) 
    Treasury shares (568,620 shares as of December 31, 2016 and 2017)
    (259,000) 
    (259,000) 
    Total equity attributable to Formula Systems (1985) shareholders'
    359,202,000  
     
    336,387,000  
     
    Non-controlling interests
    413,720,000  
    387,455,000  
    Total equity
    772,922,000  
     
    723,842,000  
     
    Total liabilities, redeemable non-controlling interest and equity
    1,563,637,000  
     
    1,354,522,000  
     
    1: Adjustment to comparative data (See Note 4(iv)(f)).