Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 79

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 79
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, respectively, as of December
31, 2023, were reclassified from non-current liabilities to current liabilities.

| I. | Disclosure of New IFRS Standards prior to their implementation. |

IFRS 18 - Presentation and Disclosure
in Financial Statements

In April 2024, the IASB issued IFRS 18,
Presentation and Disclosure in Financial Statements (the “New Standard”), which replaces IAS 1, Presentation of Financial
Statements (hereinafter: IAS 1).

The objective of the New Standard is
to enhance comparability and transparency in financial statements.

The New Standard incorporates existing
requirements from IAS 1 and introduces new requirements for the presentation in the statement of profit or loss. These include the presentation
of totals and subtotals according to the new standard, disclosures of management-defined performance measures, and new requirements for
the aggregation and disaggregation of financial information.

The New Standard does not change the
recognition or measurement of items in the financial statements. However, as items in the statement of profit or loss will be required
to be classified into one of five categories (operating, investing, financing, income taxes, and discontinued operations), it may impact
the entity’s reported operating profit. Moreover, the issuance of the New Standard led to limited-scope amendments to other standards,
including IAS 7, Statement of Cash Flows and IAS 34, Interim Financial Reporting.

The New Standard is to be applied retrospectively
for annual periods beginning on or after January 1, 2027. Early adoption is permitted in accordance with the decision of the Israeli Securities
Authority, subject to disclosure for annual periods commencing on or after January 1, 2025.

The Company is evaluating the impact
on the financial statements of the New Standard, including the impact of the amendments to other accounting standards resulting from the
New Standard.

NOTE 3: - SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES, AND ASSUMPTIONS USED IN PREPARING THE FINANCIAL STATEMENTS

In the process of implementing the accounting
policies in the financial statements, the Company has made the following judgments, which have a material impact on the amounts recognized
in the financial statements:

| A. | Judgments |

The Company cannot readily determine
the interest rate implicit in the lease, and therefore, for the purpose of calculating the lease liability, it uses the Company’s
incremental borrowing rate. The Company conducted an assessment to