Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 339

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 339
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including those borrowed/deposited based on the loan agreements with customers), cryptocurrencies for facilitating customer transactions are recognized as inventories in the condensed consolidated interim statements of financial position according to provisions of IAS 2 Inventories,as the Group has the ability to direct the use of these cryptocurrencies and the economic benefits resulting from sales attribute to the Group. As of March 31, 2024, and December 31, 2024, the carrying amounts were 44,207 million yen and 55,299 million yen, respectively. These amounts are calculated based on the fair value at the end of the reporting period. See Note 12 “Fair value measurement.” (b)NFTs for sale NFTs for sale are recognized as inventories in the condensed consolidated interim statements of financial position according to provisions of IAS 2 Inventories,as the Group has the ability to direct the use of these NFTs and economic benefits resulting from sales attribute to the Group. The carrying amounts are measured at the lower of cost or net realizable value. However, there were no NFTs held for sale as of March 31, 2024 and December 31, 2024. (2)Crypto assets held (noncurrent assets) Crypto assets held (noncurrent assets) are recognized as intangible assets with indefinite useful lives which are not amortized. There is no foreseeable limit to the period over which the future cash flows of crypto assets held (noncurrent assets) would be generated as the future cash flows cannot be reliably estimated. The useful lives of crypto assets held (noncurrent assets) are regarded as indefinite accordingly. They are reported at the acquisition cost less accumulated impairment losses. As of March 31, 2024, and December 31, 2024, the carrying amounts were nil and 22 million yen, respectively. 9.Safeguard assets / safeguard liabilities In addition to the control assessment of crypto assets deposited by customers as described in Note 8 “Crypto assets held,” the Group implemented the requirements of SAB 121, and recognized the obligation to safeguard its crypto assets deposited by customers as safeguard liabilities and recorded corresponding safeguard assets in the condensed consolidated interim statements of financial position. The Group managed its crypto assets deposited by customers in the manner described in Note 8 “Crypto assets held” and estimated that the probability of occurrence of any potential loss events is remote. Therefore, safeguard assets were recognized at the same amount as safeguard liabilities. These amounts are calculated based on the fair value at the end