Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 296

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 296
---
 policies and balances of the Company’s crypto assets by holding purpose are as follows: (1)Crypto assets held (current assets) (a)Cryptocurrencies for facilitating customer transactions Out of the holdings of cryptocurrencies that are considered to be controlled by the Company for accounting purposes (including those borrowed/deposited based on the loan agreements with customers), cryptocurrencies for facilitating customer transactions, are recognized as inventories in the statements of financial position according to provisions of IAS 2 Inventoriesas the Company has the ability to direct the use of these cryptocurrencies and the economic benefits resulting from sales attribute to the Company. As of March 31, 2023, and March 31, 2024, the carrying amounts were 18,884 million yen and 44,207 million yen, respectively. These amounts are calculated based on the fair value at the end of the reporting period. See Note 25 “Fair value measurement.” (b)NFTs for sale NFTs for sale are recognized as inventories in the statements of financial position according to provisions of IAS 2 Inventoriesas the Company has the ability to direct the use of these NFTs and economic benefits resulting from sales attribute to the Company. The carrying amounts as of March 31, 2023 and March 31, 2024, which were measured at the lower of cost or net realizable value, was 85 million yen and nil, respectively. (2)Crypto assets held (non -currentassets) Crypto assets held (non -currentassets) are recognized as intangible assets with indefinite useful lives which are not amortized. There is no foreseeable limit to the period over which the future cash flows of crypto assets held (non -currentassets) would be generated as the future cash flows cannot be reliably estimated. The useful lives of crypto assets held (non -currentassets) are regarded as indefinite accordingly. They are reported at the acquisition cost less accumulated impairment losses. The carrying amounts as of March 31, 2023 and March 31, 2024 was 43 million yen and nil, respectively. During the year ended March 31, 2023, the Company recorded impairment losses of 69 million yen for NFTs held for the purposes other than sale in “Other expenses” in the statements of profit or loss and other comprehensive income. The impairment losses primarily resulted from the decrease in the recoverable amount of the individual NFTs. Impairment losses are calculated by deducting the recoverable amount from the carrying