Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 380

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 380
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 initial direct costs incurred and an estimate of costs to be incurred in restoring the underlying asset. The right-of-useasset is subsequently depreciated using the straight-line method over the shorter of the useful life of the right-of-useasset or the lease term. The lease liability is F-115

PayNow Inc. Notes to the Financial Statements (Continued) subsequently measured at amortized cost using the effective interest method. It is re-measured(i) if there is a change in the lease term; (ii) if there is a change in future lease payments arising from a change in an index or a rate; (iii) if there is a change in the amounts expected to be payable under a residual value guarantee; or (iv) if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is re-measuredin the circumstances aforementioned, a corresponding adjustment is made to the carrying amount of the right-of-useasset. However, if the carrying amount of the right-of-useasset is reduced to zero, any remaining amount of the re-measurementis recognized in profit or loss. Lease payments included in the measurement of the lease liability comprise the following:

| (1) | fixed payments, including in-substance fixed payments. |

| (2) | the exercise price under a purchase option that the Company is reasonably certain to exercise and lease      
 payments in an optional renewal period if the Company is reasonably certain to exercise an extension option. |

Moreover, the lease liability is remeasured when lease modifications occur that decrease the scope of the lease. The Company accounts for the remeasurement of the lease liability by decreasing the carrying amount of the right-of-useasset to reflect the partial or full termination of the lease and recognizes in profit or loss any gain or loss relating to the partial or full termination of the lease.

| (g) | Impairment of Non-Financial Assets |

At each reporting date, the Company reviews the carrying amounts of its nonfinancial assets to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash generating units (CGUs). The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs of disposal. Value in use is based on the estimated future cash flows