Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 801

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 801
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 LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 2: — ACCOUNTING POLICIES (cont.) At the commencement date, a lease liability includes all lease payments (these payments do not include variable lease payments) that have not yet been paid, discounted at the interest rate implicit in the lease when it can be determined readily or according to the Company’s incremental borrowing rate. After the commencement date, the Company measures the lease liability using the effective interest method. The right -of -useasset at the commencement date is recognized in the amount equal to the lease liability, plus lease payments paid on or before the commencement date and any transaction costs incurred. The right -of -useasset is measured through applying the cost model and depreciated over its useful life or the term of the lease, whichever is shorter. Below are data regarding the number of years of depreciation of the relevant right -of -useassets by class of underlying asset:

|           |     | Years |
| Offices   |     |     3 |
| Vehicles  |     |     3 |
| Equipment |     |     3 |

Where there are indications of impairment, the Company assesses the impairment of the right -of -useasset in accordance with the provisions of IAS 36. 2. Index -linked lease payments At the commencement date of the lease, the Company uses the applicable index rate on the commencement date for the purpose of calculating future lease payments. In transactions in which the Company is a lessee, changes in the total future lease payments as a result of a change in the index are discounted (with no change in the discount rate applicable to the lease liability) and recorded as an adjustment of the lease liability and the right -of -useasset only when there is a change in the cash flows that results from a change in the index (that is, at the time in which the adjustment to the lease payments comes into effect). 3. Lease extension and termination options A non -cancellablelease term includes both the periods that are covered by an option to extend the lease, when it is reasonably certain that the option will be exercised, and the periods that are covered by an option to terminate the lease, when it is reasonably certain that the termination option will not be exercised. In the event that there is a change in the likelihood of exercising an extension option or the expected non -exerciseof the lease termination option, the Company remeasures the outstanding lease liability in accordance with the updated lease period, according to the updated discount rate on