Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 647

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 647
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 Measuring standards The consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, etc., unless stated otherwise in the accounting policies below. Functional and presentation currency The Group’s consolidated financial statements are presented in Korean won (KRW), which is also the Parent’s functional currency, except when otherwise stated. Going concern The directors have, at the time of approving the consolidated financial statements, a reasonable expectation that the Group have adequate resources to remain in operation for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the consolidated financial statements. 2.4 Basis of consolidation The consolidated financial statements include the assets and liabilities of all subsidiaries of the Parent as at December 31, 2023, and also include the operation results of all subsidiaries (except for Darnatein) for the year then ended. The Parent and its subsidiaries are collectively referred to in these financial statements as the “Group” or “Consolidated Entity”. Subsidiaries are all entities that is controlled by the Consolidated Entity. The Consolidated Entity controls an entity when the Consolidated Entity 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 to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Consolidated Entity. They are de -consolidatedfrom the date that control ceases. Intercompany transactions, balances and unrealized gains on transactions between entities in the Consolidated Entity are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Consolidated Entity.

F-98

2. Significant accounting policies (cont.) The acquisition of subsidiaries is accounted for using the acquisition method of accounting. A change in ownership interest, without the loss of control, is accounted for as an equity transaction, where the difference between the consideration transferred and the book value of the share of the non -controllinginterest acquired is recognized directly in equity attributable to the Parent. Non -controllinginterest in the results and equity of subsidiaries are shown separately in the statement of comprehensive income, statement of financial position and statement of changes in equity of the Consolidated Entity. Losses incurred by the Consolidated Entity are attributed to the non -controllinginterest in full, even if that results in a deficit balance. Where the Consolidated Entity loses control