Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 166

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 166
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ONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

(New
Israeli Shekels in thousands, except per share and share data)

Note
9 - Leasing

  On March 4, 2020, the Company signed a rental agreement pertaining to a building and a number of parking spaces for a period of 48-months, for a monthly payment of NIS 25, linked to the ICPI, p...  
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In
accordance with the provision of IFRS 16, Leasing, 1,029 5

  In March 2021, the Company entered into an addendum to the Rental Agreement (the “ First Addendum”), under which the Company rented additional space and a storage room, for a monthly rent of NI...  
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As
First Addendum constitute an amended lease that increases the scope of the lease by adding rights to use additional space and consideration
the first addendum was accounted for as a change in the lease related to a separate lease. Accordingly, the Company measured the addition
to the rental liability at the present value of the payments relating to the new space by discounting the additional rental payments
using the Company’s incremental interest rate as of the date the addendum went into effect, determined to be a rate of 5 533

  On November 15, 2023, the Company entered into second addendum to the Rental Agreement (the “ Second Addendum”), under which the Agreement and First Addendum were terminated on December 31, 202...  
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In
addition, as part of the terms of the Second Addendum, the Company was required to make a deposit of NIS 216

Taking
into consideration that the consequences of the Addendum constitute an amended lease that increases the scope of the lease by adding
rights to use additional space and consideration that is in line with the scope of the increase in space, these consequences were accounted
for as a lease modification. Accordingly, the Company measured the addition to the rental liability at the present value of the