Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 612

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 612
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 January 1, 2024. The amendments did not have a material impact on the Group’s financial statements. (3) Supplier finance arrangements — Amendments to IFRS 1007 and IFRS 1107 The amendments to IFRS 1007 Statement of Cash Flows and IFRS 1107 Financial Instruments: Disclosures clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The disclosure requirements in the amendments are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. The amendments will be effective for annual reporting periods beginning on or after January 1, 2024. Early adoption is permitted but will need to be disclosed. The Group adopted these amendments as of January 1, 2024. The amendments did not have a material impact on the Group’s financial statements.

F-55

2. Significant accounting policies (cont.) 2.2 Basis of preparation Basis of presentation and consolidation The accompanying unaudited condensed consolidated financial statements of the Group have been prepared pursuant to International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and reflect all adjustments which are, in the opinion of management, necessary to a fair presentation of the results of the interim periods presented. These condensed consolidated financial statements include all adjustments consisting of only normal recurring adjustments, necessary for a fair statement of the results of the interim periods presented. The Group’s condensed consolidated financial statements include the accounts of OSR Holdings and its subsidiaries. The Group’s condensed consolidated financial statements reflect the elimination of all significant inter -companyaccounts and transactions. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any subsequent quarter or for the entire year ending December 31, 2024. Certain information and note disclosures normally included in the Group’s annual audited consolidated financial statements and accompanying notes prepared in accordance with IFRS have been condensed in, or omitted from, these interim financial statements. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes to the consolidated financial statements for the fiscal year ended December 31, 2023. Measuring standards The accompanying condensed 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 accompanying condensed consolidated financial statements are presented in Korean won (KRW), which