Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 154

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 154
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 receivables balance in the statements of financial positions.

During
the reported periods, costs to obtain contracts were in an insignificant amount.

F-15

SAVERONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

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

Note
2 - Material accounting policies (Cont.)

  Warranty costs  

The
Company provides a standard warranty for its products to end-users at no extra charge. The warranty provides the customer with assurance
that the item supplied meets the characteristics and the specification agreed upon between the parties, as required by law, (assurance-type
warranty).

To
date, warranty costs and the related liabilities related to the standard warranty period have been immaterial.

  Leasing  

At
inception date of an agreement, the Company determines whether the agreement is a lease or whether it contains a lease.

Lease
term is the non-cancellable period of the lease, plus periods covered by options to extend that the lessee is reasonably certain to exercise,
and options to terminate that the lessee is reasonably certain not to exercise.

Leasing
transactions are reflected as a right of usage asset against a liability in respect of leasing, which is initially measured at the present
value of the future leasing payments, discounted at the interest rate implicit in the lease, or at the lessee’s incremental borrowing
rate if the interest rate implicit in the lease cannot be readily determined.

As
part of future leasing payments, the Company includes fixed payments and variable payments linked to indexes or rates. In subsequent
periods, the lease liability is measured at the present value of the future leasing payments. If necessary, the balance of the leasing
liability is remeasured on a regular basis in order to reflect changes in future leasing payments as a result of changes in the Index.

Right
of usage assets are initially measured at cost, which includes the amount of the initial measurement of the liability, pre-paid leasing
payments and direct costs incurred in the lease. In subsequent periods, usage right assets are measured by the cost model, less accumulated
depreciation and less accrued impairment losses and also adjusted to reflect any remeasurements of the leasing liability. Usage right
assets are depreciated on the straight-line method over the shorter of the leasing period or the useful lifespan of the asset ( 3 4

Regarding
short-term leases (leases with a leasing period of less than 12 months), the Company implemented the practical