FORMULA SYSTEMS (1985) LTD | CIK:0001045986 | 3

  • Filed: 5/15/2018
  • Entity registrant name: FORMULA SYSTEMS (1985) LTD (CIK: 0001045986)
  • Generator: Ez-XBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1045986/000121390018006332/0001213900-18-006332-index.htm
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    • ifrs-full:DisclosureOfIntangibleAssetsExplanatory

    NOTE 10:-INTANGIBLE ASSETS, NET

     

    a.Intangible assets, net, are comprised of the following as of the below dates:

     

       December 31, 
       2016  2017 
     Original amounts:      
     Capitalized Software costs $175,456  $196,523 
     Customer relationship  110,151*)  133,220 
     Acquired technology  20,455   75,672 
     Backlog and non-compete agreement  6,063   6,063 
     Other intangibles  4,066   4,510 
     Patent  1,248   1,385 
        317,439*)  417,373 
     Accumulated amortization:        
     Capitalized Software costs  122,293   142,019 
     Customer relationship  49,538   65,705 
     Acquired technology  7,871   35,466 
     Backlog and non-compete agreement  5,611   5,837 
     Other intangibles  3,378   3,890 
     Patent  302   473 
        188,993   253,390 
     Total $128,446  $163,983 

     

     *) Adjustment to comparative data (See Note 4(iv)(f)).        

     

    b.Amortized expenses totaled $23,346, $24,490 and $34,048 for the years ended December 31, 2015, 2016 and 2017, respectively.