Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 314

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 314
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145,647 |

_________ Notes: (*1)Transaction revenue mainly refers to the revenue from sales of crypto assets to customers and cover counterparties. (*2)Commission received refers to remittance fees, deposit and withdrawal fees, commissions that received from the 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 others. (*3)Other revenue arising from contracts with customers for the six months ended September 30, 2023 is mainly related to revenue from online shareholders meeting service and sales of NFTs owned by the Company. The Company manages its business in one operating and reportable segment: Crypto Asset. 6.Crypto assets held Under IFRS, there are no accounting standards related to the transactions of crypto assets. However, cryptocurrencies holdings were discussed by the International Financial Interpretations Committee (“IFRIC”) in the June 2019 Agenda Decision (“Agenda Decision”). The Agenda Decision did not specifically address the activity of crypto assets by entity. Thus, in order to determine the accounting treatment, the Company follows the requirements of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errorsand refers to the “Conceptual Framework for Financial Reporting” and standards related to similar matters. In this context, the Company considers various factors to evaluate whether the Company has control for accounting purposes over crypto assets, and accounts for these transactions accordingly. The Company’s holdings of crypto assets that are considered to be controlled by the Company for accounting purposes are presented as part of crypto assets held in the statements of financial position. On the other hand, the Company’s holdings of crypto assets deposited by customers and considered not to be controlled by the Company are not recognized as crypto assets held in the statements of financial position. However, the Company recognizes the obligation to safeguard crypto assets deposited by customers as Safeguard liabilities in the statements of financial position and records corresponding Safeguard assets in the statements of financial position (Note 7 “Safeguard assets/Safeguard liabilities”). The amounts of crypto assets deposited by customers not recognized as crypto assets held in the statements of financial position were 649,211 million yen and 589,883 million yen as of March 31, 2024 and September 30, 2024, respectively. These amounts are calculated based on the fair value at the end of the reporting period.

F-58 COINCHECK, INC.
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UNAUDITED