Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 817

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 817
---
 profit or loss, except if they refer to items that are recognized in other comprehensive income or in equity. Deferred taxes Deferred taxes are calculated with respect to the temporary differences between the carrying amounts in the financial statements and the amounts attributed for tax purposes. Deferred taxes are calculated according to the tax rate that is expected to apply when the asset is realized or the liability is settled, based on the tax laws that have been enacted or substantively enacted by the reporting date. The Company recognizes deferred tax assets up to the amount of the liability for deferred taxes due to the uncertainty as to utilization of losses in the foreseeable future. E. Leases The Company treats a contract as a lease when, in accordance with the terms of the contract, the right to control an identified asset is transferred for a period of time in exchange for a consideration. 1. The Company as the lessee For leases in which the Company is the lessee, the Company recognizes on the commencement date of the lease a right -of-useasset and a lease liability, excluding leases with a term up to 12 months and leases for which the underlying asset has a lesser value. For these excluded leases, the Company has elected to recognize these lease payments as an expense in profit or loss on a straight -linebasis over the lease term. In measuring the lease liability, the Company has elected to apply the practical expedient in IFRS 16 and does not separate the lease components from the non -leasecomponents, such as management and maintenance services, included in a single contract. Annex G-9

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 2: — ACCOUNTING POLICIES (cont.) At the commencement date, a lease liability includes all lease payments (these payments do not include variable lease payments) that have not yet been paid, discounted at the interest rate implicit in the lease when it can be determined readily or according to the Company’s incremental borrowing rate. After the commencement date, the Company measures the lease liability using the effective interest method. The right -of-useasset at the commencement date is recognized in the amount equal to the lease liability, plus lease payments paid on or before the commencement date and any transaction costs incurred. The right -of-useasset is measured through applying the cost model and depreciated over its useful life or the term of the lease, whichever is shorter. Below are data regarding the number of years of depreciation of the relevant right -of-useassets by class of underlying asset:

|           |     | Years |