Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 143

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 143
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companying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
1B to the financial statements, the Company is currently in the early commercialization stage and has not yet generated significant revenues
from its sales and operations. From its Inception and through December 31, 2024, the Company reported significant losses and negative
cash flows from operating activity. As of December 31, 2024, the Company has an accumulated deficit of NIS 170,548 and it had a
comprehensive loss of NIS 34,938 for the year ended December 31, 2024. In addition, as described in Note 1B, management has concluded
that the balance of cash and cash equivalents as of December 31, 2024, together with other available resources may not sufficient for
the company to realize its business plans for the 12-months period subsequent to the reporting period. These conditions, along with other
matters as set forth in Note 1B, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s
plans regarding these matters are also described in Note 1B. The financial statements do not include any adjustments that might result
from the outcome of this uncertainty.

Basis
for opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (“ PCAOB”) and are required to be independent with respect to the Company in accordance with the U. S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits,
we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion
on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Certified
Public Accountants

Fahn Kanne
& Co. is the Israeli member firm of