Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 647

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 647
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 measurement, recognition or presentation of any items in the Group’s financial statements. (3) Deferred tax related to assets and liabilities arising from a single transaction — Amendments to IFRS 1012 The amendments to IFRS 1012 Income Tax narrow the scope of the initial recognition exception, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences such as leases and decommissioning liabilities. The amendments had no impact on the Group’s consolidated financial statements.

F-96

2. Significant accounting policies (cont.) (4) International tax reform: The Pillar Two Model Rules — Amendments to IFRS 1012 The amendments to IFRS 1012 have been introduced in response to the OECD’s BEPS Pillar Two Model Rules and include: •a mandatory temporary exception to the recognition and disclosure of deferred taxes arising from the jurisdictional implementation of the Pillar Two Model Rules; and •disclosure requirements for affected entities to help users of the financial statements better understand an entity’s exposure to Pillar Two income taxes arising from that legislation, particularly before its effective date. The amendments had no impact on the Group’s consolidated financial statements. 2.2 Standards issued but not yet effective The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Group’s financial statements are disclosed below. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. (1) Amendments to IFRS 1116: Lease liability in a sale and leaseback The amendments to IFRS 1116 specify the requirements that a seller -lesseeuses in measuring the lease liability arising in a sale and leaseback transaction, to ensure the seller -lesseedoes not recognize any amount of the gain or loss that relates to the right of use it retains. The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 1116. Earlier application is permitted and that fact must be disclosed. The amendments are not expected to have a material impact on the Group’s financial statements. (2) Amendments to IFRS 1001: Classification of liabilities as current or non -current The amendments to paragraphs 69 to 76 of IFRS 1001 specify the requirements for classifying liabilities as current or non -current. The amendments clarify: