Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 158

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 158
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 Innovation Authority (“ IIA”) or in respect
to marketing project in designed territory from the Israeli Ministry of Economy are recognized as a liability when received and are measured
at fair value as of the receipt date, unless at that date, it is reasonably assured that the amount received will not be refunded. Amounts
paid as royalties in subsequent periods are accounted for as settlement of a financial liability. The difference between the amount of
grant received and the fair value of the liability on the recognition date is accounted for as government grant and accordingly it is
carried to profit and loss under research and development expenses. The liability amount is reassessed in each period, with any changes
in the present value of the expected cash flows discounted by the original interest rate carried to profit and loss. Under circumstances
in which management determines in subsequent periods that there is reasonable assurance that the grant will not be refunded, the liability
is derecognized on that date to profit and loss under research and development expenses.

F-19

SAVERONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

(New
Israeli Shekels in thousands, except per share and share data)

Note
2 - Material accounting policies (Cont.)

  Employee benefits  

  Liability                                 

Pursuant
to Israeli labor laws and labor contracts and in accordance with Company practice, the Company is required to make severance payments
to employees who are terminated and, under certain circumstances, to employees who resign or leave on their own initiative.

The
liability of the Company in respect of post-employment benefits is accounted for as a defined contribution plan. The Company has defined
contribution plan in accordance with section 14 of Israel’s Severance Pay Law - 1963. The actuarial and economic risks in
respect of this plan are not borne by the Company. Under this plan, during the employment period, the Company makes regular payments
to an independent entity, without the Company having any legal or implied obligation to make any additional payments in the event that
sufficient amounts have not been accrued in the plan. Deposits in a defined contribution plan are included as an expense when the amount
is deposited in the plan, concurrent with the receipt of the work services from the employee and no additional amount need be provided
for in the financial statements. The Company regularly deposits money in respect of its liabilities to make severance payments to part
of its employees in pension funds and insurance companies.

The
following tabular represents amounts paid