Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 380

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 380
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3         
 January 1, 2024      |
|:---------------------------------------------------------------------------------------------|:----|:---------------------|
| Amendments to IAS 1 “Classification of liabilities as Current or Non-Current”                |     | January 1, 2024      |
| Amendments to IAS 1 “Non-current liabilities with                                            
 covenants”                                                                                   |     | January 1, 2024      |
| Amendments to IAS 7 and IFRS 7 “Supplier Finance Arrangements”                               |     | January 1, 2024      |
| Amendments to IAS 21 “Lack of Exchangeability”                                               |     | January 1, 2025      |
| IFRS 18 “Presentation and Disclosure in Financial Statements”                                |     | January 1, 2027      |

As of the date that the financial statements were authorized for issuance, the Company continues in evaluating the impact on its financial position and financial performance as a result of the initial adoption of the aforementioned standards or interpretations. The related impact will be disclosed when the Company completes the evaluation. NOTE 4. Material accounting policies The Material accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented in these financial statements unless otherwise stated.

| (a) | Functional and Presentation Currency |

The presentation currency of the Company is the New Taiwan dollar. The functional currency is the currency of the primary economic environment in which the entity operates.

| (b) | Classification of Current and Noncurrent Assets and Liabilities |

Current assets are assets held for trading purposes and expected to be converted to cash, sold or consumed within one year from the end of the reporting period. Current liabilities are obligations incurred for trading purposes and expected to be settled within one year from the end of the reporting period. Assets and liabilities that are not classified as current are referred to as noncurrent assets and liabilities, respectively.

| (c) | Cash and restricted cash |

Cash comprises both currency and demand deposits, which the Company can access without any restrictions. Restricted cash is contractually restricted through legal contracts or regulations. The contractual restrictions on the use of the amounts held in the demand deposit do not change the nature of the deposit. The Company can access those amounts on demand and therefore includes the demand deposit as a component of cash. F-112

PayNow Inc. Notes to the Financial Statements (Continued)

| (d) | Financial Instruments |

| 1. | Financial Assets