| FAIR VALUE MEASUREMENT |
Note 8:- Fair value
measurement
In determining fair value, the
Group utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent
possible and considers counterparty credit risk in its assessment of fair value.
The Group’s financial
assets and liabilities measured at fair value on a recurring basis, including accrued interest components, consisted of the following
types of instruments as of December 31, 2025 and 2024:
| | |
Fair value measurements | |
| | |
December 31, 2025 | |
| | |
Level 1 | | |
Level 3 | | |
Total | |
| Assets: | |
| | |
| | |
| |
| Financial assets measured at fair value through other comprehensive income | |
$ | 20,120 | | |
$ | 272 | | |
$ | 20,392 | |
| Financial assets measured at fair value through profit or loss | |
| 2,196 | | |
| 304,549 | | |
| 306,745 | |
| Assets in respect of business combinations | |
| - | | |
| 4,255 | | |
| 4,255 | |
| | |
| | | |
| | | |
| | |
| | |
$ | 22,316 | | |
$ | 309,076 | | |
$ | 331,392 | |
| | |
Fair value measurements | |
| | |
December 31, 2025 | |
| | |
Level 3 | | |
Total | |
| Liabilities: | |
| | |
| |
| Put options of non-controlling interests | |
$ | 122,783 | | |
$ | 122,783 | |
| Liabilities in respect of business combination | |
| 15,661 | | |
| 15,661 | |
| | |
$ | 138,444 | | |
$ | 138,444 | |
| | |
Fair value measurements | |
| | |
December 31, 2024 | |
| | |
Level 1 | | |
Level 3 | | |
Total | |
| Assets: | |
| | |
| | |
| |
| Financial assets measured at fair value through other comprehensive income | |
$ | 20,923 | | |
$ | 285 | | |
$ | 21,208 | |
| Financial assets measured at fair value through profit or loss | |
| 1,746 | * | |
| 4,701 | * | |
| 6,447 | |
| Dividend preference in TSG (1) | |
| - | | |
| 3,652 | | |
| 3,652 | |
| Assets in respect of business combinations | |
| - | | |
| 2,654 | | |
| 2,654 | |
| | |
| | | |
| | | |
| | |
| | |
$ | 22,669 | | |
$ | 11,292 | | |
$ | 33,961 | |
(*) Reclassified
| | |
Fair value measurements | |
| | |
December 31, 2024 | |
| | |
Level 3 | | |
Total | |
| Liabilities: | |
| | |
| |
| Put options of non-controlling interests | |
$ | 82,973 | | |
$ | 82,973 | |
| Liabilities in respect of business combination | |
$ | 17,942 | | |
$ | 17,942 | |
| | |
| | | |
| | |
| | |
$ | 100,915 | | |
$ | 100,915 | |
| (1) | The amount derived in respect of the dividend from TSG Ltd. is presented in accordance with the amount
determined in the shareholders’ agreement prior to the company’s initial public offering held on August 1, 2024, as detailed in
Note 9 below. |
The Group believes that the carrying amount of
cash, short-term deposits, trade receivables, trade payables, overdrafts, deferred payments in respect of business combinations and other current liabilities approximate their fair value due
to the short-term maturities of these instruments.
Changes in financial assets and liabilities classified
in Level 3:
| | |
Financial
assets
measured at
fair value | | |
Financial
Liabilities
measured at
fair value | |
| Balance as of January 1, 2024: | |
$ | 9,275 | | |
$ | 68,443 | |
| Increase due to acquisitions | |
| - | | |
| 37,678 | |
| Change in fair value measurements | |
| 1,995 | | |
| 4,122 | |
| Deduction of the contingent consideration | |
| - | | |
| (17,276 | ) |
| Other | |
| 22 | (*) | |
| 7,948 | |
| Balance as of December 31, 2024 | |
$ | 11,292 | | |
$ | 100,915 | |
| Increase due to acquisitions | |
| - | | |
| 19,154 | |
| Fair value measured for the first time | |
| 300,000 | | |
| - | |
| Change in fair value measurements | |
| (2,245 | ) | |
| 25,316 | |
| Deduction of the contingent consideration | |
| - | | |
| (17,004 | ) |
| Other | |
| 29 | | |
| 10,063 | |
| Balance as of December 31, 2025 | |
$ | 309,076 | | |
$ | 138,444 | |
(*) Reclassified
|