Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 809

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 809
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 to control an identified asset is transferred for a period of time in exchange for a consideration. 1. The Company as the lessee For leases in which the Company is the lessee, the Company recognizes on the commencement date of the lease a right -of-useasset and a lease liability, excluding leases with a term up to 12 months and leases for which the underlying asset has a lesser value. For these excluded leases, the Company has elected to recognize these lease payments as an expense in profit or loss on a straight -linebasis over the lease term. In measuring the lease liability, the Company has elected to apply the practical expedient in IFRS 16 and does not separate the lease components from the non -leasecomponents, such as management and maintenance services, included in a single contract. Annex G-9

KADIMASTEM 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