Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 289

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 289
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| 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 and a lease liability at the lease commencement date. The lease liability is initially measured at the present value of the lease payments, discounted using the lessee’s incremental borrowing rate. The Company determines its incremental borrowing rate by obtaining interest rates from various external financing sources. The right-of-useasset is initially measured at cost, which comprises the initial amount of the lease liability, adjusted for any lease payments made at or before the commencement date, less any lease incentives received, plus any initial direct costs incurred and an estimate of costs to be incurred in restoring the underlying asset. The right-of-useasset is subsequently depreciated using the straight-line method over the shorter of the useful life of the right-of-useasset or the lease term. The lease liability is subsequently measured at amortized cost using the effective interest method. It is re-measured(i) if there is a change in the lease term; (ii) if there is a change in future lease payments arising from a change in an index or a rate; (iii) if there is a change in the amounts expected to be payable under a residual value guarantee; or (iv) if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the F-15

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) lease liability is re-measuredin the circumstances aforementioned, a corresponding adjustment is made to the carrying amount of the right-of-useasset. However, if the carrying amount of the right-of-useasset is reduced to zero, any remaining amount of the re-measurementis recognized in profit or loss. Lease payments included in the measurement of the lease liability comprise the following:

| (1) | fixed payments, including in-substance fixed payments. |

| (2) | the exercise price under a purchase option that the Company is reasonably certain to exercise and lease      
 payments in an optional renewal period if the Company is reasonably certain to exercise an extension option. |

Moreover, the lease liability is remeasured when lease modifications occur that decrease the scope of the lease. The Company accounts for the remeasurement of the lease