Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 772

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 772
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cognized, whichever is earlier. The Company depreciates the fixed assets according to its economic life. G.Issuance of a unit of securities In an issuance of a unit of securities, the proceeds received (before the issuance expenses) are allocated to the securities issued in the unit in accordance with this order of allocation: financial derivatives and other financial instruments that are presented at fair value in each period. The fair value is then determined for financial liabilities that are measured at amortized cost, and the consideration allocated for equity instruments is determined as the residual value. The issuance costs are allocated to each component on a pro rata basis, according to the amounts determined for each component of the unit. H.Change in accounting policy — first -timeimplementation of new financial reporting standards and amendments to accounting standards 1.Amendment to IAS1, Presentation of financial statements In January 2020, the IASB published an amendment to International Accounting Standards (“IAS”)1, Presentation of Financial Statements (“IAS 1”), regarding the requirements for classifying liabilities as current or non -current(hereinafter, the “Original Amendment”). In October 2022, the IASB published a subsequent amendment to amend the Original Amendment (hereinafter, the “Subsequent Amendment”).

Annex G-11 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 2: — ACCOUNTING POLICIES (cont.) The Subsequent Amendment stated that: •Only financial covenants that an entity must meet before or at the end of the reporting period would affect the classification of that liability as a current liability or a non -currentliability. •For liabilities for which compliance with the financial covenant is examined within 12 consecutive months of the reporting date, a disclosure must be made in a way that would allow the users of the financial statements to assess the risks related to that liability. That is, the Subsequent Amendment states that a disclosure must be made with regard to the carrying amount of the liability, information on the financial covenants, and any facts and circumstances at the end of the reporting period that may lead to the conclusion that the entity will have difficulty in complying with the financial covenants. The Original Amendment stated that the right to convert a liability would affect the entire liability’s classification as a current or a non -currentliability, except if the conversion component is equity -based. The Original Amendment and the Subsequent Amendment were applied retroactively as of the annual periods commencing January 1