Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 6

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 6
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 implications of these local and global conditions on our operations, liquidity, cash flow and product candidates and seek to act to
mitigate any adverse consequences, to the extent possible, in a commercially reasonable manner, if and when applicable. All of these market
risks arise in the ordinary course of business, as we do not engage in speculative trading activities. Except as otherwise addressed herein,
such market risks are further discussed in Item 11 of this Annual Report under the section titled “ Quantitative and Qualitative
Disclosures about Market Risk”.

Other than as disclosed elsewhere in this Annual Report, we are
not aware of any trends, uncertainties, demands, commitments or events for the period from January 1, 2024 to December 31, 2024 that are
reasonably likely to have a material adverse effect on our revenues, profitability, liquidity or capital resources, or that caused the
disclosed financial information to be not necessarily indicative of future operating results or financial condition.

74

E. Critical
Accounting Estimates

We have provided a summary of our significant accounting policies,
estimates and judgments in Note 3 to our consolidated financial statements, which are included elsewhere in this Annual Report. The following
critical accounting discussion pertains to accounting policies management believes are most critical to the portrayal of our historical
financial condition and results of operations and that require significant, difficult, subjective or complex judgments. Other companies
in similar businesses may use different estimation policies and methodologies, which may impact the comparability of our financial condition,
results of operations and cash flows to those of other companies.

Application of Critical Accounting Policies and Estimates

Our consolidated financial statements are prepared in conformity
with IFRS. Our accounting policies affecting our financial condition and results of operations are more fully described in our consolidated
financial statements included elsewhere in this Annual Report. The preparation of our financial statements requires management to make
judgments, estimates and assumptions that affect the amounts reflected in the consolidated financial statements and accompanying notes,
and related disclosure of contingent assets and liabilities. We base our estimates upon various factors, including past experience, where
applicable, external sources and on other assumptions that we believe are reasonable under the circumstances, the results of which form
the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual
results may differ from these estimates under different assumptions or conditions and could have a material adverse effect on our reported
results.

In many cases, the accounting treatment of a particular transaction,
event or activity is