Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 690

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 690
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 the initial recognition of the receivables. 3) Derecognition Structured purchases or disposals of financial assets are recognized or derecognised on the trading date. A financial asset is derecognized when the contractual right to the cash flows expires or when the financial asset is transferred and substantially all of the risks and rewards of ownership have been transferred. If a transfer does not result in derecognition because the Company has retained substantially all the risks and rewards of ownership of the transferred asset, the Company continues to recognize the transferred asset in its entirety and recognizes a financial liability for the consideration received. 4) Offsetting of financial instruments Financial assets and liabilities are offset and the net amount reported in the statements of financial position where there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the assets and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or the counterparty. 2.6 Property, plant and equipment Property, plant and equipment are stated at historical cost less accumulated depreciation and accumulated impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Depreciation of all property, plant and equipment, except for land, is calculated using the straight -linemethod to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives as follows:

|                         |     | Estimated useful lives |
| Machinery               |     | 5 years                |
| Tools and utensils      |     | 5 years                |
| Office equipment        |     | 5 years                |
| Furniture and equipment |     | 5 years                |

The assets’ depreciation method, residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. 2.7 Intangible assets Intangible assets are initially recognized at historical cost and subsequently carried at its cost less any accumulated amortization and accumulated impairment losses.

F-148

2. Significant accounting policies (cont.) All intangible assets other than goodwill are amortized using the straight -linemethod with no residual value over their estimated useful economic life since the asset is available for use.

|                      |     | Estimated useful lives |
| Patents and licences |     | 10 years               |

The amortization period and the amortization method for intangible