Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 832

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 832
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 has had an effect on the Company’s accounting policy disclosures, but has had no effect on the measurement, recognition, or presentation of any items in the Company’s financial statements. 2. Amendment to IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors In February 2021, the IASB published an amendment to International Accounting Standard 8: Accounting Policies, Changes in Accounting Estimates and Errors (hereinafter, the “Amendment”). The purpose of the Amendment is to introduce a new definition of the term “accounting estimates.” Accounting estimates are defined as “monetary amounts in financial statements that are subject to measurement uncertainty.” The Amendment clarifies what changes in accounting estimates are, and how they differ from changes in accounting policy and error corrections. The Amendment was applied prospectively for annual periods beginning on January 1, 2023, and it applies to changes in accounting policies and accounting estimates that occur at the beginning of that period or thereafter. Early implementation is allowed. The above Amendment did not have a material effect on the Company’s financial statements. I. Disclosure under new IFRS standards in the period before their implementation Amendment to IAS 1, Presentation of financial statements In January 2020, the IASB published an amendment to 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 above -mentionedamendment (hereinafter, the “Subsequent Amendment”). 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