Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 276

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 276
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 Subsequent to initial recognition, changes in fair value of crypto asset borrowings are recognized in profit or loss in the period in which the changes occur because the fair value of the crypto assets fairly demonstrates the obligation to return the crypto assets borrowed/deposited from its customers. In addition, the borrowing fee is calculated by multiplying the quantities of the borrowed crypto assets by the interest rate and recognized as an expense over the borrowing period. F-13 COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 3.Material accounting policies (cont.) (c)Safeguard assets/Safeguard liabilities The Company has an obligation to safeguard customer crypto assets from loss or theft. Therefore, the Company records an obligation to safeguard crypto assets deposited by customers as safeguard liabilities under current liabilities in the statements of financial position, which is measured at the fair value of the crypto assets deposited by customers being safeguarded. Crypto assets deposited by customers to the Company include cryptocurrencies and NFTs. In measuring the safeguard liabilities related to cryptocurrencies, the Company primarily uses transaction prices at the principal market for each cryptocurrency which generally consists of major third -partyexchanges with high volume and liquidity. In measuring the safeguard liabilities related to NFTs, the Company primarily uses prices of recent trades at the Company’s marketplace or other NFT marketplaces. The corresponding assets are recorded as safeguard assets, which are measured at the fair value of crypto assets deposited less the effects of potential loss events, if any. (3)Property and equipment (a)Recognition and measurement Property and equipment are measured using the cost model and are reported at the acquisition cost less accumulated depreciation and accumulated impairment losses. Acquisition costs include costs directly related to the acquisition of assets and costs for dismantling and removing. (b)Depreciation Depreciation is calculated based on the depreciable amount. The depreciable amount is calculated as the acquisition cost of an asset less its residual value. Property and equipment are depreciated over the estimated useful life of each part of a property item, and depreciation is recognized in profit or loss applying the straight -linemethod. The straight -linemethod is applied because it is considered to most closely reflect the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives of major property and equipment are as follows: — Leasehold improvements:1 to 5 years — Equipment and fixtures:2 to 14 years Leasehold improvements are depreciated by the straight -linemethod over the term of the lease (including reasonably certain