Company: CMND
Filing Date: 2025-12-05
Form Type: F-1/A
Source: 0001213900-25-118772
Chunk: 261

Company: Clearmind Medicine Inc.
Filing Date: 2025-12-05
Form: F-1/A
Chunk 261
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 2 Making Materiality Judgements - Disclosure of Accounting Policies |

The amendments change the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments replace all instances of the term ’significant accounting policies’ with ‘material accounting policy information’. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general-purpose financial statements make on the basis of those financial statements.

The supporting paragraphs in IAS 1 are also amended to clarify that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. Accounting policy information may be material because of the nature of the related transactions, other events or conditions, even if the amounts are immaterial. However, not all accounting policy information relating to material transactions, other events or conditions is itself material.

The IASB has also developed guidance and examples to explain and demonstrate the application of the ‘four-step materiality process’ described in IFRS Practice Statement 2.

The amendments are applied for annual periods beginning on or after January 1, 2023.

| p. | New and revised IFRS Accounting Standards in issue but not yet effective |

| i) | IFRS                                                    
 18 Presentation and Disclosures in Financial Statements |

IFRS 18 replaces IAS 1, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new requirements.

IFRS 18 introduces new requirements to:

| ● | present                                                                       
 specified categories and defined subtotals in the statement of profit or loss |

| ● | provide                                                                                     
 disclosures on management-defined performance measures (MPMs) in the notes to the financial 
 statements                                                                                  |

| ● | improve                         
 aggregation and disaggregation. |

An entity is required to apply IFRS 18 for annual reporting periods beginning on or after 1 January 2027, with earlier application permitted. The amendments to IAS 7 and IAS 33, as well as the revised IAS 8 and IFRS 7, become effective when an entity applies IFRS 18. IFRS 18 requires retrospective application with specific transition provisions.

The Company anticipates that the application of these amendments may have an impact on the consolidated financial statements in future periods.

| 3. | Intangible 
 Assets     |

On May 4, 2021, the Company entered into an assignment agreement to acquire certain intellectual property including