Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 374

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 374
---
                 | (174,817 | ) |     |       |    3,357,046 |   |
| Other comprehensive income        |     |      |            — |   |     |                 |        — |   |     |       |            — |   |
| Total comprehensive income        |     | $    |    3,531,863 |   |     |                 | (174,817 | ) |     |       |    3,357,046 |   |

| (c) | Reconciliation of cash flows |

The cash flow of operating leases was previously classified into cash flows from operating activities under EAS. However, the payment of lease liabilities amounted to $2,870,545 should be classified into cash flows from financing activities under IFRS. As a result, for the year ended December 31, 2022, the amounts previously reported under EAS for operating cash flows and financing cash flows were $4,555,575 and $6,676,349, respectively, and the amounts reported under IFRS were $7,426,120 and $3,805,804, respectively.

| (d) | Notes to reconciliation of equity and profit or loss and other comprehensive income |

The major items of the differences in recognition and measurement are as follows.

| 1 | Classification of financial assets and liabilities under IFRS 9 |

Under IFRS 9, the classification of financial assets is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. Cash, accounts receivable, other receivables, other financial assets, and refundable deposits were previously classified as loans and receivables under EAS. Under IFRS 9, they were classified as the financial assets measured at amortized cost. For an explanation of how the Company classifies and measures financial assets and related gains and losses under IFRS 9, please refer to Note 4(d). In addition, the adoption of IFRS 9 has not had a material impact on the Company’s accounting policies related to financial liabilities.

| 2 | Revenue recognition under IFRS 15 |

The Company previously recognized revenue for its payment gateway service and logistic service at a point in time under EAS. IFRS 15 establishes principles for recognizing revenue that apply to all contracts with customers, using a five-step model framework to determine the method, timing and amount of revenue recognized. The services provided by the Company represent performance obligations that are