Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 282

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 282
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 position, which is measured at the fair value of the crypto assets deposited by customers being safeguarded. Crypto assets deposited by customers to the Company include cryptocurrencies and NFTs. In measuring the safeguard liabilities related to cryptocurrencies, the Company primarily uses transaction prices at the principal market for each cryptocurrency which generally consists of major third -partyexchanges with high volume and liquidity. In measuring the safeguard liabilities related to NFTs, the Company primarily uses prices of recent trades at the Company’s marketplace or other NFT marketplaces. The corresponding assets are recorded as safeguard assets, which are measured at the fair value of crypto assets deposited less the effects of potential loss events, if any. (3)Property and equipment (a)Recognition and measurement Property and equipment are measured using the cost model and are reported at the acquisition cost less accumulated depreciation and accumulated impairment losses. Acquisition costs include costs directly related to the acquisition of assets and costs for dismantling and removing. (b)Depreciation Depreciation is calculated based on the depreciable amount. The depreciable amount is calculated as the acquisition cost of an asset less its residual value. Property and equipment are depreciated over the estimated useful life of each part of a property item, and depreciation is recognized in profit or loss applying the straight -linemethod. The straight -linemethod is applied because it is considered to most closely reflect the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives of major property and equipment are as follows: — Leasehold improvements:1 to 5 years — Equipment and fixtures:2 to 14 years Leasehold improvements are depreciated by the straight -linemethod over the term of the lease (including reasonably certain options periods) or the estimated useful life of the improvements, whichever is shorter. Depreciation methods, useful lives, and residual values are reviewed at each reporting date, and adjustments are made when required. (4)Intangible assets (a)Internally generated intangible assets The Company recognizes software development costs as intangible assets if the development costs can be reliably determined, implementation is technologically feasible, there is a high probability for generating future economic benefit, and there are adequate resources to develop and use them. Subsequent to the initial recognition, internally generated intangible assets are measured at the acquisition cost less accumulated amortization and accumulated impairment losses. F-14 COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 3.Material accounting policies (cont.) (b)Amortization