Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 155

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 155
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 items, which included
depreciation expense of US$927,569 and amortization expense of US$80,749, loss on financial liabilities at FVTPL of US$63,555, finance costs of US$133,484, interest income of US$(3,995), government subsidy income of US$9,852; and (ii) the net
changes in operating assets and liabilities of US$175,438, which were primarily related to an increase in account receivables of US$301,997 due to the settlement of sales, an increase in prepayment of US$106,592 due to prepayments for imported goods
of the e-commerce platform, an increase in contract liabilities of US$724,576 and accounts payable of US$335,101 due to subsidence of COVID-19 pandemic led to the
recovery of the hospitality business and an increase in transaction volume, resulting in a rise in a higher amount of account payables to property providers, a decrease in other current liabilities of US$70,978 and a decrease in other non-current liabilities of US$60,543 due to payment of employee withholding taxes and collected insurance premiums, and a decrease in other payables of US$720,870 due to repayment of accrued expenses.

Investing Activities

Cash flows from investing activities represent the cash flows used for capital expenditures and asset transactions, including purchases and
sales of property, plant, equipment and intangible assets, acquisition of subsidiaries, acquisition or disposal of financial assets and payments of collateral.

Net cash flows used in investing activities was US$0.4 million for the nine months ended September 30, 2024, which was attributable to the
acquisition of property, plant and equipment of US$130,026 mainly for computer, company vehicle and OwlStayroom renovation, acquisition of intangible assets of US$41,357 for computer software, an increase in non-current other financial
assets of US$62,298 for an increase of restricted time deposits, an increase in guarantee deposits paid of US$220,086 and a decrease in guarantee deposits paid of US$67,294 for increases or decreases of lease deposits for rental contracts.

108

Net cash flows from investing activities was US$3.4 million for the nine months ended
September 30, 2023, primarily attributable to acquisition of property, plant and equipment of US$124,178 mainly for computer equipment, acquisition of intangible assets of US$18,015 for computer software, disposal of int