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:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory

    NOTE 12:-SHORT TERM LIABILITIES TO BANKS AND OTHERS

     

       December 31,   December 31, 
       2017   2016  2017 
       Interest rate Linkage   
       % basis      
                
     Bank credit 2-3.1 NIS (Unlinked) $-  $947 
     Bank credit US Prime  -0.2 USD (Unlinked)  996   2,125 
     Short-term bank loans 1.6-2.5 NIS (Unlinked)  42,336   22,910 
     Current maturities of long-term loans from banks and other financial institutions (1) 2.6-5.81 NIS (Unlinked)  40,054   42,839 
     Current maturities of long-term loans from banks(1) Libor  +2.2 - 5 USD (Unlinked)  -   862 
     Accumulated interest on long-term loans from other financial institutions(1) 2.6-5.5 NIS (Unlinked)  1,338   1,136 
     Other      36   - 
     Total     $84,760  $70,819 

     

    (1) See Note 14