Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 367

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 367
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 Company. The Company is exposed to credit risks from operating activities, primarily accounts receivable, and from investing activities, primarily financial instruments with banks.

| 1 | Accounts and other receivables |

The Company has established a credit policy conducting a credit assessment for each new merchant before the Company’s standard payment and delivery terms and conditions are offered. Purchase limits are established for each merchant, representing the maximum open amount without requiring approval. These limits are reviewed quarterly.

| 2 | Guarantees |

As of December 31, 2022, no other guarantees were outstanding. F-98

PayNow Inc. Notes to the Financial Statements (Continued)

| (b) | Liquidity risk management |

The objective of liquidity risk management is to ensure the Company has sufficient liquidity to fund its business requirements associated with existing operations over the next 12 months. The Company manages its liquidity risk by maintaining adequate working capital and unused credit facilities. As of December 31, 2022, the Company’s working capital together with existing unused credit facilities under its existing loan agreements will be sufficient to fulfill all of its contractual obligations. Therefore, management believes that there is no liquidity risk resulting from incapable of financing to fulfill the contractual obligations.

| (c) | Market risk management |

The Company is exposed to the financial market risks, primarily changes in foreign currency exchange rates, interest rates and equity investment prices. The objective of market risk management is to manage and control market risk exposures within acceptable parameters. The Company’s policy is not to take positions in derivative financial instruments with the aim of profit realization and strives to achieve interest rate and foreign currency exposure neutrality.

| NOTE 15. | Capital management |

The Company’s objectives for managing capital are to safeguard the capacity to operate continuously, provide returns to shareholders, maintain the interests of other related parties, and maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust the dividend payment to the shareholders, reduce the capital for redistribution to shareholders, issue new shares, or sell assets to settle any liabilities.

| NOTE 16. | Cash Flow Information |

Reconciliation of liabilities arising from financing activities were as follows:

|                                                    |     | January 1, 
 2022       |             |     | Cash flows 
 Increase   |           |     | Decrease |            |   |     | Non-cash flows 
 Payments from  
 trust funds    |              |   |     | Changes in     
 lease payments |           |     |