Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 317

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 317
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 The financial statements are presented in Japanese yen, which is the functional currency of Coincheck. The functional currency of the entities within the Group is their respective local currency, which includes USD, EUR and JPY. Assets and liabilities of entities with functional currencies other than Japanese yen are translated into Japanese yen at the rate of exchange prevailing at the reporting date and their statements of profit or loss are translated at yearly average exchange rates. The exchange differences arising on translation for consolidation are recognized in other comprehensive income. All amounts have been rounded to the nearest million Japanese yen, unless otherwise indicated. 3.Material accounting policies The Group has applied the following accounting policies to all periods presented in these condensed consolidated interim financial statements, except as otherwise indicated. (1)Basis for consolidation (a)Reverse acquisitions — A “reverse acquisition” is a merger of entities in which, for accounting purposes, the legal acquirer is identified as the accounting acquiree and the legal acquiree is identified as the accounting acquirer. The identification of the accounting acquirer and acquiree is based on the principles of business combination accounting. If the accounting acquiree is identified as a business, business combination accounting is applied. However, if the accounting acquiree does not meet the definition of a business, share -basedpayment accounting is applied for share -basedconsideration. Condensed consolidated interim financial statements prepared following a reverse acquisition are issued under the name of the legal parent (accounting acquiree)but described in the notes as a continuation of the financial statements of the legal subsidiary (accounting acquirer), with a retroactive adjustment, of the accounting acquirer’s legal capital to reflect the legal capital of the legal parent (the accounting acquiree). Comparative information presented in those condensed consolidated interim financial statements also is retroactively adjusted to reflect the legal capital of the legal parent (accounting acquiree). (b)Subsidiaries — Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Group. Losses applicable to the noncontrolling interest (“ NCI”) in a subsidiary are allocated to the NCI even if doing so causes the NCI to have a