Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 819

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 819
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 — ACCOUNTING POLICIES (cont.) If all the risks and rewards of ownership of the right -of-useasset have been substantially transferred, the sublease is classified as a finance lease, otherwise it is classified as an operating lease. In the sublease entered into during the year, the risks and rewards were not transferred to the third party, therefore the accounting treatment was a reduction of lease expenses rather than classification as a financing lease. F. Property and equipment Property and equipment are presented at cost, including direct purchase costs, and less accumulated depreciation and accumulated impairment losses, and do not include current maintenance expenses. Depreciation is calculated at equal annual rates based on the straight -linemethod throughout the asset’s useful life, as follows:

|                                     |     |         % |     | Mainly % |
| Laboratory equipment and clean room |     |        15 |     |          |
| Office furniture and equipment      |     |    8 – 15 |     |       15 |
| Computers and peripheral equipment  |     |        33 |     |          |
| Leasehold improvements              |     | See below |     |          |

Leasehold improvements are depreciated using the straight -linemethod over the lease period, or according to the estimated life of the improvement, whichever is shorter. The useful life, the depreciation method, and the residual value of each asset are examined, at a minimum, per year end, and any changes are treated as a change in accounting estimate prospectively. The depreciation of assets ceases on the date on which the asset is classified as an asset held for sale or the date on which the asset is derecognized, whichever is earlier. The Company depreciates the fixed assets according to its economic life. G.Issuance of a unit of securities In an issuance of a unit of securities, the proceeds received (before the issuance expenses) are allocated to the securities issued in the unit in accordance with this order of allocation: financial derivatives and other financial instruments that are presented at fair value in each period. The fair value is then determined for financial liabilities that are measured at amortized cost, and the consideration allocated for equity instruments is determined as the residual value. The issuance costs are allocated to each component on a pro rata basis, according to the amounts determined for each component of the unit. H.Change in accounting policy — first -timeimplementation of new financial reporting standards and amendments to accounting standards 1.Amendment to IAS1, Presentation of financial statements