Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 152

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 152
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 the reported periods, the terms for the capitalization of the development costs as an intangible asset were not met.

  Revenue recognition  

The
Company recognizes revenues in accordance with IFRS No. 15, Revenues from contracts with customers

A
performance obligation is satisfied over time if one of the following criteria is met: (i) the customer is receiving and consuming the
benefits of the Company’s performance as the Company performs; (ii) the Company’s performance creates or enhances an asset
that the customer controls as the asset is created or enhanced or (iii) the Company’s performance does not create an asset with
an alternative use to the Company and the Company has an enforceable right to payment for performance completed to that date.

Revenues
are recorded at the amount of consideration to which the Company expects to be entitled in exchange for transferring promised goods or
services to a customer. Revenue is presented net of value added tax (“ VAT”). Revenues are recognized when, or as, control
of services or products is transferred to the customers at a point in time or over time, as applicable to each performance obligation.

For
arrangements that involve the delivery of products (i. e. the Saverone System) or performance of related services (i. e. Post-Contract
Customer Support (“ PCS”) and extended warranty, if applicable), the Company analyzes whether the goods or services that were
promised to the customer are considered ‘distinct’.

The
Company recognizes revenues from sales of the Saverone System at a point in time upon delivery, which occurs once installation has been
completed and the system is fully functional. The Company’s revenues from PCS are derived from annual maintenance providing for
unspecified upgrades. The Company considers the PCS performance obligations as a distinct performance obligation that is satisfied over
time and recognized on a straight-line basis over the contractual period (mainly over a 3 5

As
the Company bundles the SaverOne System together with PCS, the transaction price is allocated to the separate performance obligations
on a relative standalone selling price basis.

F-14

SAVERONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

(New
Israeli Shekels in thousands, except per share and share data)

Note
2 - Material accounting policies (Cont.)

  Revenue              

Since
the Company does not sell PCS on a stand-alone basis and due to the fact that these services are usually involved with limited customer
support, mainly based