Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 265

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 265
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 to bring the loss allowance account to its appropriate level as of the reporting date.

| (3) | Derecognition of financial assets |

The Company derecognizes a financial asset only when the contractual rights to its cash flows expire or when the asset is transferred to another entity along with substantially all associated risks and rewards of ownership. F-13

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) Upon derecognition of a financial asset measured at amortized cost in its entirety, the difference between its carrying amount and the total consideration received and receivable is recognized in profit or loss.

| 2. | Financial liabilities and equity instruments |

| (1) | Classification of financial liabilities and equity instruments |

Debt and equity instruments issued by the Company are classified as financial liabilities or equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

| i. | Equity instrument |

An equity instrument is any contract that represents a residual interest in the assets of an entity after all liabilities have been deducted. Equity instruments issued are recognized at the amount of consideration received, net of any direct costs incurred in the issuance.

| ii. | Preference share liabilities |

The Company’s redeemable preference share liabilities are classified as financial liabilities because they carry non-discretionarydividends and are redeemable for cash by the holders. The non-discretionarydividends are recognized as interest expense in profit or loss.

| iii. | Financial liabilities |

Financial liabilities are classified as measured at amortized cost or at a fair value through profit or loss (“FVTPL”). A financial liability is classified as measured at FVTPL if it is held for trading, including derivatives, or is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value, and net gains and losses are recognized in profit or loss.

| (2) | Derecognition of financial liability |

The Company removes a financial liability from its statement of financial position when, and only when, it is extinguished—when the obligation specified in the contract is discharged, canceled, or expired. Upon derecognition of a financial liability measured at amortized cost in its entirety, the difference between the carrying amount of the financial liability that is extinguished or transferred to another party and the consideration paid, including any non-cashassets transferred or liabilities assumed, shall be recognized in profit or loss.

| (3) | Offsetting of financial assets and liabilities