FORTY - Formula Systems (1985) Ltd.

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Income Statement
Balance Sheet
Cash Flow

Income Statement

Annual
All numbers in thousands
Revenue12/31/201712/31/201612/31/201512/31/2014
Total Revenue1,355,1391,108,621973,194636,417
Cost of Revenue1,058,316849,840741,270530,083
Gross Profit296,823258,781231,924106,334
Operating Expenses
Research Development39,85322,32815,123787
Selling General and Administrative174,976147,953140,93570,517
Non Recurring----
Others-308-308-308-5
Total Operating Expenses1,272,8371,020,121897,328601,382
Operating Income or Loss82,30288,50075,86635,035
Income from Continuing Operations
Total Other Income/Expenses Net-29,491-11,237-9,52869,724
Earnings Before Interest and Taxes82,30288,50075,86635,035
Interest Expense-10,532-8,020-7,381-8,662
Income Before Tax52,81177,26366,338104,759
Income Tax Expense13,37121,16315,98410,074
Minority Interest435,201427,866389,458277,269
Net Income From Continuing Ops39,44056,10050,35494,685
Non-recurring Events
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Changes----
Other Items----
Net Income
Net Income10,35222,44519,82980,833
Preferred Stock And Other Adjustments----
Net Income Applicable To Common Shares10,35222,45519,84280,833