Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 616

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 616
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 annual reporting periods beginning on or after January 1, 2024. Early adoption is permitted but will need to be disclosed. The Group adopted these amendments as of January 1, 2024. The amendments did not have a material impact on the Group’s financial statements.

F-55

2. Significant accounting policies (cont.) 2.2 Basis of preparation Basis of presentation and consolidation The accompanying unaudited condensed consolidated financial statements of the Group have been prepared pursuant to International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and reflect all adjustments which are, in the opinion of management, necessary to a fair presentation of the results of the interim periods presented. These condensed consolidated financial statements include all adjustments consisting of only normal recurring adjustments, necessary for a fair statement of the results of the interim periods presented. The Group’s condensed consolidated financial statements include the accounts of OSR Holdings and its subsidiaries. The Group’s condensed consolidated financial statements reflect the elimination of all significant inter -companyaccounts and transactions. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any subsequent quarter or for the entire year ending December 31, 2024. Certain information and note disclosures normally included in the Group’s annual audited consolidated financial statements and accompanying notes prepared in accordance with IFRS have been condensed in, or omitted from, these interim financial statements. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes to the consolidated financial statements for the fiscal year ended December 31, 2023. Measuring standards The accompanying condensed consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, etc., unless stated otherwise in the accounting policies below. Functional and presentation currency The accompanying condensed consolidated financial statements are presented in Korean won (KRW), which is also the Parent’s functional currency, except when otherwise stated. Going concern The directors have, at the time of approving the accompanying condensed consolidated financial statements, a reasonable expectation that the Group have adequate resources to remain in operation for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing these condensed consolidated financial statements. 2.3 Basis of consolidation The condensed consolidated financial statements include the assets, liabilities and the results of operations of all subsidiaries of the Parent as at and for the six months ended June 30, 2024. The Parent and its subsidiaries are collectively referred to in these condensed consolidated financial statements