Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 290

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 290
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     |                   |    3 |     |   |    6 |
| Derivative losses                                              |     |                              |    — |     |                   |    4 |     |   |    — |
| Total                                                          |     | ¥                            |    2 |     | ¥                 |    7 |     | ¥ |   17 |

F-28 COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 10.Cash and cash equivalents Cash and cash equivalents mainly consist of bank deposits. They are demand deposits and held for the purpose of meeting short -termcash commitments. Cash and cash equivalents in the statements of cash flows equals cash and cash equivalents in the statements of financial position. The Company separately manages legal tender deposited by customers from its own. In accordance with Japanese laws and regulations, all legal tender deposited by customers shall be safeguarded by trust companies. Accordingly, cash deposited by customers is accounted for under “Cash segregated as deposits” (see Note 11) as of March 31, 2023 and March 31, 2024 because it is neither cash nor cash equivalents. 11.Cash segregated as deposits Cash segregated as deposits represents separately managed cash deposited by customers. The balances of cash segregated as deposits as of March 31, 2023 and March 31, 2024 were 40,936 million yen and 59,256 million yen, respectively, which were less than the corresponding liability of “Deposits received” in the statements of financial position of 41,058 million yen and 59,276 million yen as of March 31, 2023 and March 31, 2024, respectively, because it generally takes several days to deposit the funds received from customers in the trust account, while the Company recognizes the entire amount of the deposits as liability immediately after the transactions are authorized. 12.Crypto assets held Under IFRS, there are no accounting standards related to the transactions of crypto assets. However, cryptocurrencies holdings were discussed by the International Financial Interpretations Committee (“IFRIC”) in the June 2019 Agenda Decision (“Agenda Decision”). The Agenda Decision did not specifically address the activity of crypto assets by entity. Thus, in order to determine the accounting treatment, the Company follows the requirements of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and refers to the “Conceptual Framework for Financial Reporting” and standards related to similar matters. In this context, the Company considers various factors to evaluate whether the