Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 806

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 806
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 the “Original Amendment”). In October 2022, the IASB published a subsequent amendment to amend the Original Amendment (hereinafter, the “Subsequent Amendment”).

Annex G-11 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 2: — ACCOUNTING POLICIES (cont.) The Subsequent Amendment stated that: •Only financial covenants that an entity must meet before or at the end of the reporting period would affect the classification of that liability as a current liability or a non -currentliability. •For liabilities for which compliance with the financial covenant is examined within 12 consecutive months of the reporting date, a disclosure must be made in a way that would allow the users of the financial statements to assess the risks related to that liability. That is, the Subsequent Amendment states that a disclosure must be made with regard to the carrying amount of the liability, information on the financial covenants, and any facts and circumstances at the end of the reporting period that may lead to the conclusion that the entity will have difficulty in complying with the financial covenants. The Original Amendment stated that the right to convert a liability would affect the entire liability’s classification as a current or a non -currentliability, except if the conversion component is equity -based. The Original Amendment and the Subsequent Amendment were applied retroactively as of the annual periods commencing January 1, 2024. The Company has a loan (see Note 15) that is immediately convertible into ordinary shares of the Company, with the conversion component classified in the financial statements as a financial liability. As a result of the aforementioned amendments, the liability related to the convertible loan and the liability related to the conversion component and options, amounting to USD $230 thousand and USD $1,002 thousand, respectively, as of December 31, 2023, were reclassified from non -currentliabilities to current liabilities. I. Disclosure of New IFRS Standards prior to their implementation. IFRS 18 — Presentation and Disclosure in Financial Statements In April 2024, the IASB issued IFRS18, Presentation and Disclosure in Financial Statements (the “New Standard”), which replaces IAS1, Presentation of Financial Statements (hereinafter: IAS 1). The objective of the New Standard is to enhance comparability and transparency in financial statements. The New Standard incorporates existing requirements from IAS 1 and introduces new requirements for the presentation in the statement of profit or loss