Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 291

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 291
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able in cash by the holders. Non-discretionarydividends thereon are recognized as interest expense in profit or loss.

| iii. | Financial liabilities |

Financial liabilities are classified as measured at amortized cost or a fair value through profit or loss (FVTPL). A financial liability is classified as at FVTPL if it is held for trading, including derivatives, or is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, are recognized in profit or loss.

| (2) | Derecognition of financial liability |

The Company removes a financial liability from its statement of financial position when, and only when, it is extinguished—when the obligation specified in the contract is discharged, canceled, or expired. On derecognition of a financial liability at amortized cost in its entirety, the difference between the carrying amount of a financial liability extinguished or transferred to another party and the consideration paid, including any non-cashassets transferred or liabilities assumed, shall be recognized in profit or loss.

| (3) | Offsetting of financial assets and liabilities |

Financial assets and financial liabilities are offset and the net amount is presented in the statement of financial position when, and only when, the Company currently has a legally enforceable right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.

| (g) | Inventories |

Inventories are measured at the lower of cost and net realizable value. The cost of inventories is calculated using the weighted average method, and includes expenditure incurred in acquiring the inventories and other costs incurred in bringing them to their existing location and condition. Net realizable value is the estimated selling price in the ordinary course of business less selling expenses.

| (h) | Property, Plant and Equipment |

| 1. | Recognition and measurement |

Items of property, plant and equipment are measured at cost, less accumulated depreciation and any accumulated impairment losses. Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss.

| 2. | Subsequent expenditure |

Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the Company. F-14

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| 3. | Depreciation |

Depreciation is calculated on the cost of an asset less