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
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1045986/000121390018006332/forty-20171231.xml
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  • ifrs-full:DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory

    The following table provides a reconciliation of the redeemable non-controlling interests:

     

     January 1, 2016 $18,751 
     Net income attributable to redeemable non-controlling interests  2,124 
     Share-based compensation attributable to redeemable non-controlling interests  215 
     Adjustments in redeemable non-controlling interests to fair value  715 
     Increase in redeemable non-controlling interest as part of acquisitions  (*)26,029
     Increase in redeemable non-controlling interest due to change in ownership in subsidiaries  292 
     Dividend in redeemable non-controlling interests  (1,537)
     Foreign currency translation adjustments  (105)
          
     December 31, 2016 $46,484 

     

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

     

     January 1, 2017 $46,484 
     Net income attributable to redeemable non-controlling interests  3,671 
     Share-based compensation attributable to redeemable non-controlling interests  52 
     Change in redeemable non-controlling interests to fair value  4,872 
     Redeemable non-controlling interests reclassification to non-controlling interests  (2,440)
     Dividend in redeemable non-controlling interests  (3,928)
     Foreign currency translation adjustments  4,165 
          
     December 31, 2017 $52,876