Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 804

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 804
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 conversion component is equity -based. The Original Amendment and the Subsequent Amendment were applied retroactively as of the annual periods commencing January 1, 2024. The Company has a loan (see Note 15) that is immediately convertible into ordinary shares of the Company, with the conversion component classified in the financial statements as a financial liability. As a result of the aforementioned amendments, the liability related to the convertible loan and the liability related to the conversion component and options, amounting to USD $230 thousand and USD $1,002 thousand, respectively, as of December 31, 2023, were reclassified from non -currentliabilities to current liabilities. I. Disclosure of New IFRS Standards prior to their implementation. IFRS 18 — Presentation and Disclosure in Financial Statements In April 2024, the IASB issued IFRS18, Presentation and Disclosure in Financial Statements (the “New Standard”), which replaces IAS1, Presentation of Financial Statements (hereinafter: IAS 1). The objective of the New Standard is to enhance comparability and transparency in financial statements. The New Standard incorporates existing requirements from IAS 1 and introduces new requirements for the presentation in the statement of profit or loss. These include the presentation of totals and subtotals according to the new standard, disclosures of management -definedperformance measures, and new requirements for the aggregation and disaggregation of financial information. The New Standard does not change the recognition or measurement of items in the financial statements. However, as items in the statement of profit or loss will be required to be classified into one of five categories (operating, investing, financing, income taxes, and discontinued operations), it may impact the entity’s reported operating profit. Moreover, the issuance of the New Standard led to limited -scopeamendments to other standards, including IAS7, Statement of Cash Flows and IAS34, Interim Financial Reporting. The New Standard is to be applied retrospectively for annual periods beginning on or after January 1, 2027. Early adoption is permitted in accordance with the decision of the Israeli Securities Authority, subject to disclosure for annual periods commencing on or after January 1, 2025. The Company is evaluating the impact on the financial statements of the New Standard, including the impact of the amendments to other accounting standards resulting from the New Standard. Annex G-12 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 3: — SIGNIFICANT ACCOUNTING J