Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 342

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 342
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 condensed consolidated interim statements of financial position. Crypto asset borrowings are initially measured at the fair value of the crypto assets borrowed/deposited. Subsequent to initial recognition, changes in fair value of crypto asset borrowings are recognized in profit or loss in the corresponding period. See Note 12 “Fair value measurement.” The interest expenses related to crypto asset borrowings, paid in the same cryptocurrency, for the three months ended December 31, 2023, and December 31, 2024, were 9 million yen and 13 million yen, respectively, and the interest expenses related to crypto asset borrowings, paid in the same cryptocurrency, for the nine months ended December 31, 2023, and December 31, 2024, were 23 million yen and 31 million yen, respectively, which were included in “Selling, general, and administrative expenses” in the condensed consolidated interim statements of profit or loss and other comprehensive income. The interest expenses related to crypto asset borrowings for the nine months ended December 31, 2023, and December 31, 2024, are included as an adjustment to reconcile profit (loss) to “Cash flows from operating activities” in the condensed consolidated interim statements of cash flows. 11. Financial instruments (1)The fair values of financial assets and liabilities are determined as below. Information about the fair value hierarchy is described in Note 12 “Fair value measurement.” (a)Cash and cash equivalents Since cash and cash equivalents mainly consist of bank deposits, the carrying amount approximates their fair value.

F-79 COINCHECK GROUP N.V. and its subsidiaries.
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED) 11.Financial instruments (cont.) (b)Cash segregated as deposits Cash segregated as deposits includes cash deposited in trust accounts. The carrying amount approximates its fair value. (c)Customer accounts receivable, Other financial assets, Deposits received, and Other financial liabilities The carrying amount of instruments with short -termmaturity approximates their fair value. The fair value of instruments with long -termmaturity is measured using future cash flows discounted by a rate reflecting the counterparty or the Group’s credibility, which is a reasonable approximation of the carrying amount. Derivative assets and liabilities are included in “Other financial assets” under current assets and “Other financial liabilities” under current liabilities, respectively. Derivative assets and liabilities mainly represent cryptocurrency leveraged trading with