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Formula Systems (1985) Ltd – ‘20-F’ for 12/31/18 – ‘EX-15.1’

On:  Wednesday, 5/15/19, at 8:05am ET   ·   For:  12/31/18   ·   Accession #:  1213900-19-8675   ·   File #:  0-29442

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/15/19  Formula Systems (1985) Ltd        20-F       12/31/18  164:15M                                    Edgar Agents LLC/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   2.14M 
 2: EX-8.1      List of Subsidiaries                                HTML     41K 
 5: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     41K 
 6: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     42K 
 3: EX-12.1     Statement re: Computation of Ratios                 HTML     47K 
 4: EX-12.2     Statement re: Computation of Ratios                 HTML     47K 
 7: EX-15.1     Consent of Kost, Forer, Gabbay & Kasierer, A        HTML     40K 
                Member of Ernst & Young Global                                   
 8: EX-15.2     Consent of Kda Audit Corporation                    HTML     41K 
15: R1          Document and Entity Information                     HTML     72K 
16: R2          Consolidated Statements of Financial Position       HTML    161K 
17: R3          Consolidated Statements of Financial Position       HTML     55K 
                (Parenthetical)                                                  
18: R4          Consolidated Statements of Profit or Loss           HTML    104K 
19: R5          Consolidated Statements of Comprehensive Income     HTML     82K 
20: R6          Consolidated Statements of Changes in Equity        HTML    123K 
21: R7          Consolidated Statements of Other Comprehensive      HTML     54K 
                Income                                                           
22: R8          Consolidated Statements of Cash Flows               HTML    188K 
23: R9          Consolidated Statements of Cash Flows               HTML     61K 
                (Parenthetical)                                                  
24: R10         General                                             HTML     63K 
25: R11         Significant Accounting Policies                     HTML    349K 
26: R12         New Standards, Interpretations and Amendments       HTML     65K 
                Adopted By The Group                                             
27: R13         Business Combination, Significant Transaction and   HTML    166K 
                Sale of Business                                                 
28: R14         Marketable Securities                               HTML     66K 
29: R15         Prepaid Expenses and Other Accounts Receivable      HTML     47K 
30: R16         Fair Value Measurement                              HTML     68K 
31: R17         Investments in Companies Accounted for at Equity    HTML     82K 
                Method                                                           
32: R18         Property, Plants and Equipment, Net                 HTML     60K 
33: R19         Intangible Assets, Net                              HTML     53K 
34: R20         Goodwill                                            HTML     47K 
35: R21         Short Term Liabilities to Banks and Others          HTML     59K 
36: R22         Other Accounts Payable                              HTML     45K 
37: R23         Long Term Liabilities to Banks and Others           HTML     68K 
38: R24         Debentures                                          HTML    122K 
39: R25         Related Parties Transactions                        HTML     53K 
40: R26         Employee Option Plans                               HTML    126K 
41: R27         Employee Benefit Liabilities                        HTML     51K 
42: R28         Commitments and Contingencies                       HTML     95K 
43: R29         Equity                                              HTML     62K 
44: R30         Taxes on Income                                     HTML    118K 
45: R31         Supplementary Financial Statement Information       HTML     80K 
46: R32         Operating Segments                                  HTML    115K 
47: R33         Subsequent Events                                   HTML     50K 
48: R34         Significant Accounting Policies (Policies)          HTML    412K 
49: R35         General (Tables)                                    HTML     48K 
50: R36         Significant Accounting Policies (Tables)            HTML     85K 
51: R37         Business Combination, Significant Transaction and   HTML    169K 
                Sale of Business (Tables)                                        
52: R38         Marketable Securities (Tables)                      HTML     70K 
53: R39         Prepaid Expenses and Other Accounts Receivable      HTML     52K 
                (Tables)                                                         
54: R40         Fair Value Measurement (Tables)                     HTML     67K 
55: R41         Investments in Companies Accounted for at Equity    HTML     90K 
                Method (Tables)                                                  
56: R42         Property, Plants and Equipment, Net (Tables)        HTML     58K 
57: R43         Intangible Assets, Net (Tables)                     HTML     50K 
58: R44         Goodwill (Tables)                                   HTML     46K 
59: R45         Short Term Liabilities to Banks and Others          HTML     58K 
                (Tables)                                                         
60: R46         Other Accounts Payable (Tables)                     HTML     45K 
61: R47         Long Term Liabilities to Banks and Others (Tables)  HTML     64K 
62: R48         Debentures (Tables)                                 HTML    102K 
63: R49         Employee Option Plans (Tables)                      HTML    133K 
64: R50         Employee Benefit Liabilities (Tables)               HTML     46K 
65: R51         Commitments and Contingencies (Tables)              HTML     50K 
66: R52         Equity (Tables)                                     HTML     52K 
67: R53         Taxes on Income (Tables)                            HTML     94K 
68: R54         Supplementary Financial Statement Information       HTML     94K 
                (Tables)                                                         
69: R55         Operating Segments (Tables)                         HTML     95K 
70: R56         General (Details)                                   HTML     56K 
71: R57         General (Details Textual)                           HTML     44K 
72: R58         Significant Accounting Policies (Details)           HTML     57K 
73: R59         Significant Accounting Policies (Details 1)         HTML     54K 
74: R60         Significant Accounting Policies (Details 2)         HTML     83K 
75: R61         Significant Accounting Policies (Details 3)         HTML     68K 
76: R62         Significant Accounting Policies (Details 4)         HTML     50K 
77: R63         Significant Accounting Policies (Details Textual)   HTML     72K 
78: R64         New Standards, Interpretations and Amendments       HTML     46K 
                Adopted By The Group (Details)                                   
79: R65         Business Combination, Significant Transaction and   HTML     59K 
                Sale of Business (Details)                                       
80: R66         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 1)                                     
81: R67         Business Combination, Significant Transaction and   HTML     53K 
                Sale of Business (Details 2)                                     
82: R68         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 3)                                     
83: R69         Business Combination, Significant Transaction and   HTML     74K 
                Sale of Business (Details 4)                                     
84: R70         Business Combination, Significant Transaction and   HTML     51K 
                Sale of Business (Details 5)                                     
85: R71         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 6)                                     
86: R72         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 7)                                     
87: R73         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 8)                                     
88: R74         Business Combination, Significant Transaction and   HTML     56K 
                Sale of Business (Details 9)                                     
89: R75         Business Combination, Significant Transaction and   HTML     57K 
                Sale of Business (Details 10)                                    
90: R76         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 11)                                    
91: R77         Business Combination, Significant Transaction and   HTML     58K 
                Sale of Business (Details 12)                                    
92: R78         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 13)                                    
93: R79         Business Combination, Significant Transaction and   HTML     57K 
                Sale of Business (Details 14)                                    
94: R80         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 15)                                    
95: R81         Business Combination, Significant Transaction and   HTML     58K 
                Sale of Business (Details 16)                                    
96: R82         Business Combination, Significant Transaction and   HTML     55K 
                Sale of Business (Details 17)                                    
97: R83         Business Combination, Significant Transaction and   HTML     54K 
                Sale of Business (Details 18)                                    
98: R84         Business Combination, Significant Transaction and   HTML     58K 
                Sale of Business (Details 19)                                    
99: R85         Business Combination, Significant Transaction and   HTML     57K 
                Sale of Business (Details 20)                                    
100: R86         Business Combination, Significant Transaction and   HTML     56K  
                Sale of Business (Details 21)                                    
101: R87         Business Combination, Significant Transaction and   HTML     57K  
                Sale of Business (Details 22)                                    
102: R88         Business Combination, Significant Transaction and   HTML     60K  
                Sale of Business (Details Textual)                               
103: R89         Business Combination, Significant Transaction and   HTML     56K  
                Sale of Business (Details Textual 1)                             
104: R90         Business Combination, Significant Transaction and   HTML    152K  
                Sale of Business (Details Textual 2)                             
105: R91         Business Combination, Significant Transaction and   HTML    208K  
                Sale of Business (Details Textual 3)                             
106: R92         Marketable Securities (Details)                     HTML     50K  
107: R93         Marketable Securities (Details 1)                   HTML     51K  
108: R94         Marketable Securities (Details 2)                   HTML     66K  
109: R95         Marketable Securities (Details 3)                   HTML     49K  
110: R96         Marketable Securities (Details Textual)             HTML     47K  
111: R97         Disclosure - Prepaid Expenses and Other Accounts    HTML     55K  
                Receivable (Details)                                             
112: R98         Fair Value Measurement (Details)                    HTML     83K  
113: R99         Investments in Companies Accounted for at Equity    HTML     49K  
                Method (Details)                                                 
114: R100        Investments in Companies Accounted for at Equity    HTML     50K  
                Method (Details 1)                                               
115: R101        Investments in Companies Accounted for at Equity    HTML     52K  
                Method (Details 2)                                               
116: R102        Investments in Companies Accounted for at Equity    HTML     78K  
                Method (Details 3)                                               
117: R103        Investments in Companies Accounted for at Equity    HTML     83K  
                Method (Details 4)                                               
118: R104        Investments in Companies Accounted for at Equity    HTML     47K  
                Method (Details Textual)                                         
119: R105        Property, Plants and Equipment, Net (Details)       HTML     59K  
120: R106        Property, Plants and Equipment, Net (Details        HTML     43K  
                Textual)                                                         
121: R107        Intangible Assets, Net (Details)                    HTML     62K  
122: R108        Intangible Assets, Net (Details Textual)            HTML     43K  
123: R109        Goodwill (Details)                                  HTML     50K  
124: R110        Short Term Liabilities to Banks and Others          HTML     64K  
                (Details)                                                        
125: R111        Other Accounts Payable (Details)                    HTML     50K  
126: R112        Long Term Liabilities to Banks and Others           HTML     62K  
                (Details)                                                        
127: R113        Long Term Liabilities to Banks and Others (Details  HTML     51K  
                1)                                                               
128: R114        Long Term Liabilities to Banks and Others (Details  HTML     50K  
                Textual)                                                         
129: R115        Debentures (Details)                                HTML     77K  
130: R116        Debentures (Details 1)                              HTML     52K  
131: R117        Debentures (Details Textual)                        HTML    110K  
132: R118        Related Parties Transactions (Details)              HTML     63K  
133: R119        Employee Option Plans (Details)                     HTML     53K  
134: R120        Employee Option Plans (Details 1)                   HTML     76K  
135: R121        Employee Option Plans (Details 2)                   HTML     74K  
136: R122        Employee Option Plans (Details 3)                   HTML     93K  
137: R123        Employee Option Plans (Details 4)                   HTML     74K  
138: R124        Employee Option Plans (Details 5)                   HTML     74K  
139: R125        Employee Option Plans (Details Textual)             HTML    173K  
140: R126        Employee Benefit Liabilities (Details)              HTML     47K  
141: R127        Commitments and Contingencies (Details)             HTML     57K  
142: R128        Commitments and Contingencies (Details 1)           HTML     53K  
143: R129        Commitments and Contingencies (Details Textual)     HTML    160K  
144: R130        Equity (Details)                                    HTML     51K  
145: R131        Equity (Details Textual)                            HTML     57K  
146: R132        Taxes on Income (Details)                           HTML     48K  
147: R133        Taxes on Income (Details 1)                         HTML     50K  
148: R134        Taxes on Income (Details 2)                         HTML     49K  
149: R135        Taxes on Income (Details 3)                         HTML     50K  
150: R136        Taxes on Income (Details 4)                         HTML     72K  
151: R137        Taxes on Income (Details 5)                         HTML     49K  
152: R138        Taxes on Income (Details Textual)                   HTML     98K  
153: R139        Supplementary Financial Statement Information       HTML     52K  
                (Details)                                                        
154: R140        Supplementary Financial Statement Information       HTML     60K  
                (Details 1)                                                      
155: R141        Supplementary Financial Statement Information       HTML     54K  
                (Details 2)                                                      
156: R142        Supplementary Financial Statement Information       HTML     61K  
                (Details 3)                                                      
157: R143        Supplementary Financial Statement Information       HTML     57K  
                (Details 4)                                                      
158: R144        Operating Segments (Details)                        HTML     53K  
159: R145        Operating Segments (Details 1)                      HTML     97K  
160: R146        Operating Segments (Details Textual)                HTML     61K  
161: R147        Subsequent Events (Details)                         HTML     61K  
163: XML         IDEA XML File -- Filing Summary                      XML    323K  
162: EXCEL       IDEA Workbook of Financial Reports                  XLSX    221K  
 9: EX-101.INS  XBRL Instance -- forty-20181231                      XML   4.44M 
11: EX-101.CAL  XBRL Calculations -- forty-20181231_cal              XML    339K 
12: EX-101.DEF  XBRL Definitions -- forty-20181231_def               XML   1.48M 
13: EX-101.LAB  XBRL Labels -- forty-20181231_lab                    XML   2.35M 
14: EX-101.PRE  XBRL Presentations -- forty-20181231_pre             XML   1.97M 
10: EX-101.SCH  XBRL Schema -- forty-20181231                        XSD    592K 
164: ZIP         XBRL Zipped Folder -- 0001213900-19-008675-xbrl      Zip    396K  


‘EX-15.1’   —   Consent of Kost, Forer, Gabbay & Kasierer, A Member of Ernst & Young Global


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 15.1

 

CONSENT OF INDEPENDENT REGISTRERED PUBLIC ACCOUNTING FIRM

 

We consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-156686) of Formula Systems (1985) Ltd., of our reports dated May 15, 2019, with respect to the consolidated financial statements of Formula Systems (1985) Ltd. and the effectiveness of internal control over financial reporting of Formula Systems (1985) Ltd. included in this annual report on Form 20-F for the year ended December 31, 2018.

 

Tel- Aviv, Israel /s/ Kost, Forer, Gabbay & Kasierer
May 15, 2019 KOST, FORER, GABBAY & KASIERER
  A Member of Ernst & Young Global


Dates Referenced Herein

This ‘20-F’ Filing    Date    Other Filings
Filed on:5/15/19None on these Dates
For Period end:12/31/18
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Filing Submission 0001213900-19-008675   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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