Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 153

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 153
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 on several hours of technical support per contract (as the SaverOne System is considered fully functional as delivered
to the costumer), the standalone selling prices of the PCS are determined based on the expected cost plus a margin (“cost-plus
approach”). However, throughout the reported periods the consideration amount allocated to PCS component was insignificant.

The
stand-alone selling price of the SaverOne System is estimated by management at the price that a customer in the market will pay for the
SaverOne System on a stand-alone basis (i. e. without PCS or extended warranty).

In
certain agreements, the Company provides the customer an assurance that is beyond the obligation that the item supplied meets the characteristics
and specifications agreed upon between the parties (the “ Extended Warranty”). These service-type warranties are sold generally
bundled together with the sale of the SaverOne System. Revenue from the rendering of Extended Warranty services is recognized over time,
during the period the customer simultaneously receives and consumes the benefits provided by the Company’s performance.

See
Note 2K below regarding to standard warranty.

In
determining the transaction price, the Company adjusts the promised amount of consideration for the effects of the time value of money
if the payments schedule agreed between the parties to the contract (whether explicitly or implicitly) provides the customer with a significant
benefit of financing the goods or services to be transferred. When it is determined that a contract contains a significant financing
component, then revenue is recognized in an amount that reflects the price that a customer would have to pay for goods or services promised
if the customer paid cash and the effects of financing are reflected in the profit or loss in the financing section as income or financing
expenses, as the case may be.

The
Company receives payments from customers based upon contractual payment schedules. Trade receivables are recorded when right to consideration
becomes unconditional, and an invoice is issued to the customer. Unbilled receivables include amounts related to the Company’s
contractual right to consideration for completed performance obligations not yet invoiced, including deduction of significant financing
component estimated by the management. When payments are made before or after the SaverOne System is delivered or related services are
rendered, the Company recognizes the resulting contract asset or liability as applicable.

As
of December 31, 2024 and 2023, unbilled receivables balance amounted to NIS 1,214 and NIS 1,170, respectively, and are included
within trade