Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 287

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 287
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 reporting date.

| (3) | Derecognition of financial assets |

The Company derecognizes a financial asset only when the contractual rights to the cash flows from the financial asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the financial asset to another entity. On derecognition of a financial asset at amortized cost in its entirety, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized in profit or loss.

| 2. | Financial liabilities and equity instruments |

| (1) | Classification of financial liabilities and equity instruments |

Debt and equity instruments issued by the Company are classified as financial liabilities or equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

| i. | Equity instrument |

An equity instrument is any contract that evidences residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued are recognized as the amount of consideration received, less the direct cost of issuing. F-13

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| ii. | Preference share liabilities |

The Company’s redeemable preference share liabilities are classified as financial liabilities, because they carry non-discretionarydividends and are redeemable in cash by the holders. Non-discretionarydividends thereon are recognized as interest expense in profit or loss.

| iii. | Financial liabilities |

Financial liabilities are classified as measured at amortized cost or a fair value through profit or loss (FVTPL). A financial liability is classified as at FVTPL if it is held for trading, including derivatives, or is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, are recognized in profit or loss.

| (2) | Derecognition of financial liability |

The Company removes a financial liability from its statement of financial position when, and only when, it is extinguished—when the obligation specified in the contract is discharged, canceled, or expired. On derecognition of a financial liability at amortized cost in its entirety, the difference between the carrying amount of a financial liability extinguished or transferred to another party and the consideration paid, including any non-cashassets transferred or liabilities assumed, shall be recognized in profit or loss.

| (3) | Offsetting of financial assets and liabilities |

Financial assets and financial liabilities