Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 160

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 160
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 during the period and which are relevant to the Company’s activities  

The
Company applied for the first-time certain standards and amendments, which are effective for annual periods beginning on or after 1 January
2024 (unless otherwise stated). The Company has not early adopted any other standard, interpretation or amendment that has been issued
but is not yet effective.

  Amendments                                                                                
  to IAS 1, Presentation of Financial Statements: Classification of Liabilities as Current  
  or Non-Current                                                                            
 ────────────────────────────────────────────────────────────────────────────────────────────

Commencing
January 1, 2024, the Company applied, in a retrospective manner, the amendments to IAS 1 - Classification of Liabilities as Current or
Non-current (the Amendments).

The
amendments clarify:

The
amendments replace certain requirements for classifying liabilities as current or non-current. According to the amendments, a liability
will be classified as non-current when the entity has the right to defer settlement for at least 12 months after the reporting period,
and it “has substance” and is in existence at the end of the reporting period, this instead of the requirement that there
be an “unconditional” right. According to the amendments, a right is in existence at the reporting date only if the entity
complies with conditions for deferring settlement at that date. In addition. the classification as non-current is not affected by management
intentions or expectations. Furthermore, the amendments clarify that the conversion option of a liability will affect its classification
as current or non-current, unless when the conversion option is recognized as equity. The amendments also clarified that only covenants
that an entity must comply with on or before the reporting period affects classification.

The
amendments are effective for reporting periods beginning on or after January 1, 2024 with earlier application being permitted. The amendments
are applicable retroactively, including an amendment to comparative data.

The
implementation of the amendments did not have a material impact on the classification of liabilities in the statements of the Company’s
financial position.

F-21

SAVERONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

(New
Israeli Shekels in thousands, except per share and share data)

Note
2 - Material accounting policies (Cont.)

  A                                                                                         

  Supplier                                                                                             

The
amendments clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The