Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 373

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 373
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 21. | First-time adoption of IFRS Accounting Standards |

The financial statements of the Company as of and for the year ended December 31, 2022 were originally prepared in accordance with the generally accepted accounting principles in the Republic of China, Enterprise Accounting Standard (“EAS”). As stated in Note 2, the accompanying financial statements have been prepared in accordance with IFRSs, except that they do not include comparative financial information for the year ended December 31, 2021 as required by IAS 1, Presentation of Financial Statements, and IFRS 1 “First-time Adoption of International Financial Reporting Standards” has been applied to the financial statements. F-101

PayNow Inc. Notes to the Financial Statements (Continued) The accounting policies disclosed in Note 4 have been applied in preparing the Statement of Financial Position as of December 31, 2022. In preparing the financial statements under IFRSs, the Company has adjusted the amounts reported in the financial statements under EAS. The effects of these adjustment on financial position, profit or loss, and cash flows of the Company are as follows.

| (a) | Reconciliation of financial position |

|                                                    |     | December 31, 2022 |             |     |                 |            |   |     |       |             |   |
|:---------------------------------------------------|:----|:------------------|------------:|:----|:----------------|-----------:|:--|:----|:------|------------:|:--|
|                                                    |     | EAS               |             |     | Recognition and 
 measurement     |            |   |     | IFRSs |             |   |
| Assets                                             |     |                   |             |     |                 |            |   |     |       |             |   |
| Cash and restricted cash                           |     | $                 | 134,981,111 |     |                 |          — |   |     |       | 134,981,111 |   |
| Accounts receivable                                |     |                   |     462,464 |     |                 |          — |   |     |       |     462,464 |   |
| Other receivables                                  |     |                   |   1,542,475 |     |                 |          — |   |     |       |   1,542,475 |   |
| Other financial assets                             |     |                   | 211,353,301 |     |