Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 123

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 123
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 of our historical
financial condition and results of operations and that require significant, difficult, subjective or complex judgments. Other companies
in similar businesses may use different estimation policies and methodologies, which may impact the comparability of our financial condition,
results of operations and cash flows to those of other companies.

Application of Critical Accounting Policies and Estimates

Our consolidated financial statements are prepared in conformity
with IFRS. Our accounting policies affecting our financial condition and results of operations are more fully described in our consolidated
financial statements included elsewhere in this Annual Report. The preparation of our financial statements requires management to make
judgments, estimates and assumptions that affect the amounts reflected in the consolidated financial statements and accompanying notes,
and related disclosure of contingent assets and liabilities. We base our estimates upon various factors, including past experience, where
applicable, external sources and on other assumptions that we believe are reasonable under the circumstances, the results of which form
the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual
results may differ from these estimates under different assumptions or conditions and could have a material adverse effect on our reported
results.

In many cases, the accounting treatment of a particular transaction,
event or activity is specifically dictated by accounting principles and does not require management’s judgment in its application,
while in other cases, management’s judgment is required in the selection of the most appropriate alternative among the available
accounting principles, that allow different accounting treatment for similar transactions.

We believe that the accounting policies discussed below are
critical to our financial results and to the understanding of our past and future performance as these policies relate to the more significant
areas involving management’s estimates and assumptions. We consider an accounting estimate to be critical if: (1) it requires
us to make assumptions because information was not available at the time or it included matters that were highly uncertain at the time
we were making our estimate; and (2) changes in the estimate or different estimates that we could have selected may have had a material
impact on our financial condition or results of operations.

Going Concern Assessment

Our management identified there were conditions that raised
substantial doubt about our ability to continue as a going concern for a period of one-year from the date this Annual Report. We concluded
that the following conditions raised substantial doubt about our ability to continue as a going concern:

  History of reporting operating losses of approximately $22,210 thousand and $26,508  
  thousand for the years ended December 31, 2024