Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 337

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 337
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 of Thunder Bridge, which has resulted in the issuance of 4.9 million warrants (see Note 11); and

F-76 COINCHECK GROUP N.V. and its subsidiaries.
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED) 7.Reverse Recapitalization (cont.) •professional services expenditure of 3,804 million yen, incurred to facilitate listing on Nasdaq, which, in addition to the 13,714 million yen described in the table above, has resulted in a total of 17,518 million yen related to the share listing and associated expenses being recognized in the profit or loss. 8.Crypto assets held Under IFRS, there are no accounting standards related to the transactions of crypto assets. However, cryptocurrencies holdings were discussed by the IFRIC in the June 2019 agenda decisions. The agenda decision did not specifically address the activity of crypto assets by entity. Thus, in order to determine the accounting treatment, the Group follows the requirements of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and refers to the “Conceptual Framework for Financial Reporting” and standards related to similar matters. In this context, the Group considers various factors to evaluate whether the Group has control for accounting purposes over crypto assets and accounts for these transactions accordingly. The Group’s holdings of crypto assets that are controlled by the Group for accounting purposes are presented as part of crypto assets held in the condensed consolidated interim statements of financial position. On the other hand, the Group’s holdings of crypto assets deposited by customers and considered not to be controlled by the Group are not recognized as crypto assets held in the condensed consolidated interim statements of financial position. However, the Group recognizes the obligation to safeguard crypto assets deposited by customers as safeguard liabilities in the condensed consolidated interim statements of financial position and records corresponding safeguard assets as crypto assets held in the condensed consolidated interim statements of financial position (see Note 9 “Safeguard assets/safeguard liabilities”). The amounts of crypto assets deposited by customers not recognized as crypto assets held in the condensed consolidated interim statements of financial position were 649,211 million yen and 1,033,997 million yen as of March 31, 2024, and December 31, 2024, respectively. These amounts are calculated based on the fair value at the end of the reporting period. Crypto assets deposited by customers include cryptocurrencies and NFTs. Crypto assets deposited by customers are mainly held in electronic wallets administered by the Group