Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 160

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 160
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 continuing use that are largely independent of the cash inflows of other assets or cash generating units (“CGUs”). The assessment of impairment
requires management to apply significant subjective judgments as illustrated below.

Impairment of goodwill

The assessment of impairment of goodwill requires us to make subjective judgments. This includes determining the identified CGUs, allocating
goodwill to relevant CGUs, and estimating each CGU’s recoverable amount. In estimating the recoverable amount, subjective judgments are needed to determine key variables such as the discount rate, terminal growth rate, independent cash flows,
and expected future revenues and expenses related to the CGU.

Goodwill from acquisition of PayNow in May 2023 has been assigned to
PayNow’s CGU and has been tested for impairment at the end of the annual reporting period. The recoverable amount is determined based on the value in use, calculated using cash flow forecasts from the financial budgets covering the future
five-year period. We applied an annual discount rate of 18.7% in our impairment test as of December 31, 2023, to reflect the relevant specific risk in the cash-generating unit. The terminal growth rate of 2.0% was based on the following five
years’ average Taiwan economic growth rate.

For the years ended December 31, 2022 and 2023 and for the nine months ended
September 30, 2024, we did not recognize any impairment loss on goodwill.

Impairment of non-financialassets other than goodwill

In the process of evaluating the potential impairment
of non-financial assets other than goodwill, we are required to make subjective judgments in determining the independent cash flows, useful lives, expected future revenue and expenses related to the specific
asset groups. Any changes in these estimates, due to shifts in economic conditions or business strategies, could result in significant impairment charges or reversals in future years.

For the years ended December 31, 2022 and 2023, we recorded impairment losses of US$0 and US$4,136, respectively, on unused office
equipment that was subsequently disposed of without proceeds. During the same periods, we recorded impairment losses of US$0 and US$646, respectively, on intangible assets.

110

For the nine months ended September 30, 2023 and 2024, we recorded impairment losses of US$4,152 and US$5,666, respectively, on unused office equipment that was subsequently disposed of without proceeds. During the same periods, we