Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 359

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 359
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 useful life of the right-of-useasset or the lease term. The lease liability is subsequently measured at amortized cost using the effective interest method. It is re-measured(i) if there is a change in the lease term; (ii) if there is a change in future lease payments arising from a change in an index or a rate; (iii) if there is a change in the amounts expected to be payable under a residual value guarantee; or (iv) if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is re-measuredin the circumstances aforementioned, a corresponding adjustment is made to the carrying amount of the right-of-useasset. However, if the carrying amount of the right-of-useasset is reduced to zero, any remaining amount of the re-measurementis recognized in profit or loss. F-89

PayNow Inc. Notes to the Financial Statements (Continued) Lease payments included in the measurement of the lease liability comprise the following:

| (1) | fixed payments, including in-substance fixed payments. |

| (2) | the exercise price under a purchase option that the Company is reasonably certain to exercise and lease      
 payments in an optional renewal period if the Company is reasonably certain to exercise an extension option. |

Moreover, the lease liability is remeasured when lease modifications occur that decrease the scope of the lease. The Company accounts for the remeasurement of the lease liability by decreasing the carrying amount of the right-of-useasset to reflect the partial or full termination of the lease and recognizes in profit or loss any gain or loss relating to the partial or full termination of the lease.

| (g) | Intangible Assets |

| 1. | Recognition and measurement |

Other intangible assets with limited useful lives obtained by the Company, including computer software, are carried at costs less accumulated amortization and accumulated impairment losses.

| 2. | Amortization |

Amortization is calculated on the cost of the asset, less its residual value, and is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, starting from the date they are available for use. The estimated useful lives are as follows: Computer software 3 years Amortization methods, useful lives and residual values are reviewed by the Company at each reporting date and are subject to adjustments if appropriate.

| (h) | Impairment of Non-Financial Assets |

At each reporting date, the Company reviews the carrying amounts of its