Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 822

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 822
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 -of-useasset in accordance with the provisions of IAS 36. 2. Index-linked lease payments At the commencement date, the Company uses the applicable index rate on the commencement date for the purpose of calculating the future lease payments. In transactions in which the Company is a lessee, changes in the total future lease payments as a result of a change in the index are discounted (with no change in the discount rate applicable to the lease liability) and recorded as an adjustment of the lease liability and the right -of-useasset, only when there is a change in the cash flows that results from a change in the index (that is, at the time in which the adjustment to the lease payments comes into effect). 3. Lease extension and termination options A non -cancellablelease term includes both the periods that are covered by an option to extend the lease, when it is reasonably certain that the option will be exercised; and the periods that are covered by an option to terminate the lease, when it is reasonably certain that the termination option will not be exercised. In the event that there is a change in the likelihood of exercising an extension option or the expected non -exerciseof the lease termination option, the Company remeasures the outstanding lease liability in accordance with the updated lease period, according to the updated discount rate on the day of the change in the likelihood, and the total change is credited to the balance of the right -of-useasset until it is zeroed and then, to profit or loss. In each reporting period, the Company’s management examines the likelihood of exercising an extension option and updates the aforementioned leases’ amortization schedules accordingly. According to the Company’s assessment, the extension option will not be exercised.

Annex G-10

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 2: — accounting policies (cont.) F. Property and equipment Property and equipment are presented at cost, including direct purchase costs, and less accumulated depreciation and accumulated impairment losses, and do not include current maintenance expenses. Depreciation is calculated at equal annual rates based on the straight -linemethod throughout the asset’s useful life, as follows:

|                                     |     |      % |     |  Mainly % |
| Laboratory equipment and clean room |     |      8 |     |           |
| Office furniture and equipment      |     | 8 – 15 |     |        15 |
| Computers and peripheral equipment  |     |     33 |     |           |
|