Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 155

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 155
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 The
Company continues to monitor the situation closely and examine the potential disruptions that could adversely affect its operations.

NOTE 2 - MATERIAL ACCOUNTING POLICIES:

Basis of presentation of financial statements

The consolidated financial statements as of December 31,
2024 and 2023, and for each of the three years in the period ended December 31, 2024, are in compliance with IFRS Accounting Standards,
as issued by the International Accounting Standards Board.

In connection with the presentation of these consolidated
financial statements, the following should be noted:

  The material accounting policies described below have been applied consistently to all the years presented,  

  The consolidated financial statements have been prepared under the historical cost basis, except for certain  

The preparation of consolidated financial statements
in conformity with IFRS Accounting Standards requires the use of certain critical accounting estimates. It also requires the Company’s
management to exercise its judgment in the process of applying the Company’s accounting policies. Actual results may differ materially
from estimates and assumptions used by management. The Company’s critical accounting estimates and judgements that may result in
a material adjustment to the carrying amounts of assets and liabilities are related to goodwill impairment. For further details see below.

Segments

Operating segments are reported in a manner consistent
with the internal reporting, which are provided to the chief operating decision maker. The chief operating decision maker is the Company’s
Chief Executive Officer (“ CEO”), who is responsible for allocating resources and assessing the performance of the operating
segments. Historically, the Company hadthreeoperating segments: web data collection (formerly known as enterprise internet access),
consumer internet access and enterprise cybersecurity. In July 2023, the Company sold the enterprise cybersecurity segment, and accordingly,
it is presented in these consolidated financial statements as “discontinued operations”.

F-9

ALARUM TECHNOLOGIES LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

In addition, following the scale down in the operations
of the Company’s wholly-owned subsidiary CyberKick Ltd. (“ CyberKick”) commencing in the second quarter of 2023, as further
described in Note 6, the Company’s CEO is no longer assessing the performance of the consumer internet access segment. Therefore,
as of December 31, 2024, the Company concluded it hasoneoperating and reportable segment. Accordingly, the information regarding the
Company’s segments for prior periods was retrospectively adjusted in these consolidated financial statements.

Consolidated financial statements

Subsidiaries