Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 169

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 169
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Israeli Shekels in thousands, except per share and share data)

Note
11 - Liability in respect of government grants (Cont.)

  In October 2021, the Israeli Ministry of Economy, which oversees commerce, industry and labor, approved the Company’s application for participation in funding as part of a designated grants pla...  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

The
Company is obligated to repay to the Israeli Ministry of Economy royalties from the revenues derived in United States up to an aggregate
of 100 1,000 50

During
the year ended December 31, 2023, an amount of NIS 299

The
following tabular represents the changes in liability in respect of government grants in the reported periods:

                                                                                                                                                   Year                                   
                                                                                                                                     ended December 31,                                   
                                                                                                                                                   2024                                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance as of                                                                                                                                              1,328      1,254      1,168  
  Adjustment                                                                                                                                                 ( 224         74         86  
  Royalties                                                                                                                                                  ( 144          -          -  
  Balance                                                                                                                                                      960      1,328      1,254  

                          December                                
                               31,                                
                              2024               2023             
 ──────────────────────────────────────────────────────────────────
  Current liability                     239                  694  
  Non-current                           721                  634  
  Balance                               960                1,328  

F-31

SAVERONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

(New
Israeli Shekels in thousands, except per share and share data)

Note
12 - Commitments and contingencies

  Service                                     

On
February 24, 2020, a consulting agreement was signed by the Company and Mr. Ori Gilboa (the “ Consulting Agreement” and “ Mr.
Gilboa”, respectively), under which Mr. Gilboa was appointed to the full-time position as the Company’s Chief Executive Officer
(“ CEO”), which includes but is not limited to, relations with investors, relations with various authorities regarding the
Company’s operations, relations with financial institutions that the Company works with and with their various consultants, as
well as additional activities, all