Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 285

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 285
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 to the relevant liabilities. The unwinding of the discount is recognized in profit or loss. (9)Equity Common shares issued by the Company are classified as equity, and the proceeds from issuance of common shares are included in common stock and capital surplus. (10) Revenue The Company earns revenue from sales of crypto assets and remittance fees, deposit and withdrawal fees, and other revenue that mainly derives from the sale of NFTs. Revenues that arise from contracts with customers are recognized applying the five -stepapproach of IFRS 15 Revenue from Contracts with Customers, as shown below. Major components of revenue include transaction revenues from sales of crypto assets to customers and cover counterparties and commission revenues from commissions received for executing transactions. Besides, consideration received from customers do not include significant financing components, because the Company receives payments from its customers soon after it fulfills its performance obligations. Commission received refers to remittance fees, deposit and withdrawal fees, commissions received from the F-16 COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 3.Material accounting policies (cont.) issuer and the applicants in the IEO business, commissions that arise from transactions on the NFT Marketplace and commissions that arise from transactions on the cryptocurrency exchange platform and other. Step 1:Identify the contracts with a customer Step 2:Identify the performance obligations in the contract Step 3:Determine the transaction price Step 4:Allocate the transaction price to the performance obligations in the contract Step 5:Recognize revenue when (or as) the entity satisfies a performance obligation Details of revenue and revenue recognition criteria for each of major revenue items recorded in the statements of profit or loss and other comprehensive income are summarized as follows: (a)Transaction revenue Transaction revenue is mainly derived from sales transactions with the Company’s customers. The Company’s customers include parties who hold accounts and utilize the services provided on the Company’s crypto asset platforms which includes customers on the marketplace platform as well as cover counterparties in sale cover transactions on the Company’s and third -partyexchanges. However, users that purchase crypto assets from other users on the Company’s exchange platform but are not charged a commission do not meet the definition of a customer under IFRS 15. When the Company trades with customers on its marketplace platform, the Company adds a bid -askspread to the prices of the Company’s cover transactions. The spread is set/revised by the Company in a range of 0.1% to 5.0% for each cryptocurrency based