Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 786

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 786
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The measurement of the value of the conversion component and the financial derivative is classified under level 3 in the fair value hierarchy. Note 16: — Taxes on income A. The tax rates applicable to the Company The Israeli corporate income tax was 23% in 2024, 2023, and 2022. A Company is taxable on its real capital gains at the corporate income tax rate in the year of sale. B. Deferred taxes The Company has business losses and capital losses for tax purposes that are carried forward to the following years and amount to USD $62 million (NIS 226 million ) as of December 31, 2024. Deferred tax assets were recognized in the financial statements in respect of these losses (up to the total liability for deferred taxes) at USD $860 thousand and USD $836 thousand for the years ended December 31, 2024 and December 31, 2023, respectively. C. Final tax assessments Final tax assessments were issued for the Company, up to and including the 2020 tax year.

Annex G-29

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 16: — TAXES ON INCOME (cont.) D. Deferred taxes Composition:

|                                        |     |      Statements of 
 Financial Position |   |     |      |   |     | Statements of profit or loss |     |      |     |      |     |          Movement in other 
       comprehensive income 
                  statement |   |     |      |   |     |      |   |
|                                        |     |        December 31 |   |     |      |   |     |   For the year that ended on 
                  December 31 |     |      |     |      |     | For the year that ended on 
                December 31 |   |     |      |   |     |      |   |
|                                        |     |               2024 |   |     | 2023 |   |     |                         2024 |     | 2023 |     | 2022 |     |                       2024 |   |     | 2023 |   |     | 2022 |   |
|                                        |     |   USD in thousands |   |     |      |   |     |                              |     |      |     |      |     |                            |   |     |      |   |     |      |   |
| Deferred tax liabilities