Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 279

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 279
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 by employees and the obligation can be estimated reliably. (b)Termination benefits Termination benefits are expensed at the earlier of when the Company can no longer withdraw the offer of those benefits and when the Company recognizes costs for a restructuring. If benefits are not expected to be settled wholly within 12 months of the reporting date, then they are discounted to their present value. (8)Provisions Provisions are recognized when the Company has legal and constructive obligations because of past events, there is a high probability that an outflow of resources embodying economic benefits will be required to settle those obligations, and the amounts of those obligations can be reasonably estimated. Provisions are discounted to the present value of the estimated future cash flows using a pre -taxrate that reflects the time value of money and the risks specific to the relevant liabilities. The unwinding of the discount is recognized in profit or loss. (9)Equity Common shares issued by the Company are classified as equity, and the proceeds from issuance of common shares are included in common stock and capital surplus. (10) Revenue The Company earns revenue from sales of crypto assets and remittance fees, deposit and withdrawal fees, and other revenue that mainly derives from the sale of NFTs. Revenues that arise from contracts with customers are recognized applying the five -stepapproach of IFRS 15 Revenue from Contracts with Customers, as shown below. Major components of revenue include transaction revenues from sales of crypto assets to customers and cover counterparties and commission revenues from commissions received for executing transactions. Besides, consideration received from customers do not include significant financing components, because the Company receives payments from its customers soon after it fulfills its performance obligations. Commission received refers to remittance fees, deposit and withdrawal fees, commissions received from the F-16 COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 3.Material accounting policies (cont.) issuer and the applicants in the IEO business, commissions that arise from transactions on the NFT Marketplace and commissions that arise from transactions on the cryptocurrency exchange platform and other. Step 1:Identify the contracts with a customer Step 2:Identify the performance obligations in the contract Step 3:Determine the transaction price Step 4:Allocate the transaction price to the performance obligations in the contract Step 5:Recognize revenue when (or as) the entity satisfies a performance obligation Details of revenue and revenue recognition criteria for each of major revenue items recorded in the statements of profit or loss and other comprehensive income are summarized as follows: