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
‘R10’ — General
v3.19.1
General
|
12 Months Ended |
|
General [Abstract] |
|
GENERAL |
NOTE
1:- GENERAL
Formula
Systems (1985) Ltd. (“Formula” or the “Company”) was incorporated in Israel and began its business operations
in 1985. Since 1991, Formula’s ordinary shares, par value NIS 1.0 per share, have been traded on the Tel-Aviv Stock Exchange
(“TASE”), and, in 1997, began trading through American Depositary Shares (“ADSs”) under the symbol “FORTY”
on the NASDAQ Global Market in the United States until January 3, 2011, at which date the listing of Formula’s ADSs was
transferred to the NASDAQ Global Select Market (“NASDAQ”). Each ADS represents one ordinary share of Formula. The
Company is considered an Israeli resident. The controlling shareholder of the Company is Asseco Poland S.A. (“Asseco”),
a Polish public company, traded on the Warsaw Stock Exchange.
| b. | Formula,
through its investees (collectively, the “Group”) is engaged in providing
software services, proprietary and non-proprietary software solutions, software product
marketing and support, computer infrastructure and integration solutions and training
and integration. The Group operates through five directly held subsidiaries; Matrix IT
Ltd. (“Matrix”); Magic Software Enterprises Ltd. (“Magic”), Sapiens
International Corporation N.V (“Sapiens”), Insync Staffing Solutions, Inc.
(“Insync”) and Michpal Micro Computers (1983) Ltd. (“Michpal”),
and one jointly controlled entity: TSG IT Advanced Systems Ltd. (“TSG”). |
| c. | The
following table presents the ownership of Formula’s directly held investees as
of the dates indicated (the list consists only of active companies): |
| |
Percentage of ownership | |
| |
December 31, | |
| |
2018 | | |
2017 | |
Name of Investee | |
| | |
| |
| |
| | |
| |
Matrix | |
| 49.21 | | |
| 49.50 | |
Magic | |
| 45.21 | | |
| 47.12 | |
Sapiens | |
| 48.08 | | |
| 48.14 | |
Insync | |
| 90.09 | | |
| 90.09 | |
Michpal(1) | |
| 100 | | |
| 100 | |
TSG(2) | |
| 50.00 | | |
| 50.00 | |
| 2) | TSG’s
results of operations are reflected in the Company’s results of operations using
the equity method of accounting commencing May 9, 2016. |
In
these financial statements:
The
Company |
- |
Formula
Systems (1985) Ltd. |
|
|
|
The
Group |
- |
Formula
Systems (1985) Ltd. and its investees. |
|
|
|
Subsidiaries |
- |
Companies
that are controlled by the Company (as defined in IFRS 10) and whose accounts are consolidated with those of the Company. |
|
|
|
Jointly
controlled entities |
- |
Companies
owned by various entities that have a contractual arrangement for joint control and are accounted for using the equity method
of accounting. |
|
|
|
Associates |
- |
Companies
over which the Company has significant influence and that are not subsidiaries. The Company’s investment therein is
included in the financial statements using the equity method of accounting. |
|
|
|
Investees |
- |
Subsidiaries,
jointly controlled entities and associates. |
|
|
|
Interested
parties and controlling shareholder |
- |
As
defined in the Israeli Securities Regulations (Annual Financial Statements), 2010. |
|
|
|
Related
parties |
- |
As
defined in IAS 24. |
|
X |
- References
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Dates Referenced Herein
This ‘20-F’ Filing | | Date | | Other Filings |
---|
| | |
Filed on: | | 5/15/19 | | None on these Dates |
For Period end: | | 12/31/18 |
| | 1/1/17 |
| | 5/9/16 |
| | 1/3/11 |
| List all Filings |
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