Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 383

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 383
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. | Recognition and measurement |

Items of property, plant and equipment are measured at cost, less accumulated depreciation and any accumulated impairment losses. F-114

PayNow Inc. Notes to the Financial Statements (Continued) Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss.

| 2. | Subsequent expenditure |

Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the Company.

| 3. | Depreciation |

Depreciation is calculated on the cost of an asset less its residual value and is recognized in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment. The estimated useful lives of property, plant and equipment for current and comparative periods are as follows:

| (1) | Computer and Telecommunication Equipment  3 years |

| (2) | Office                          
 equipment               3 years |

| (3) | Others                   3 
 years                      |

The depreciation methods, useful lives, and residual values are reviewed by the Company at each reporting date and are subject to adjustments if appropriate.

| (f) | Leased assets |

| 1. | Identifying a lease |

A contract is, or contains, a lease when all the following conditions are satisfied:

| (1) | the contract involves the use of an identified asset, and the supplier does not have a substantive right to 
 substitute the asset; and                                                                                   |

| (2) | the Company has the right to obtain substantially all of the economic benefits from use of the identified asset 
 throughout the period of use; and                                                                               |

| (3) | the Company has the right to direct the use of the identified asset throughout the period of use. |

| 2. | As a lessee |

Payments for leases of low-valueassets and short-term leases are recognized as expenses on a straight-line basis over the lease term for which the recognition exemption is applied. For all other leases not described above, a right-of-useasset and a lease liability shall be recognized at the lease commencement date. The Company recognizes a right-of-useasset