Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 646

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 646
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 that relates to the right of use it retains. The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 1116. Earlier application is permitted and that fact must be disclosed. The amendments are not expected to have a material impact on the Group’s financial statements. (2) Amendments to IFRS 1001: Classification of liabilities as current or non -current The amendments to paragraphs 69 to 76 of IFRS 1001 specify the requirements for classifying liabilities as current or non -current. The amendments clarify: •what is meant by a right to defer settlement; •that a right to defer must exist at the end of the reporting period; •that classification is unaffected by the likelihood that an entity will exercise its deferral right; and •that only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. In addition, a requirement has been introduced to require disclosure when a liability arising from a loan agreement is classified as non -currentand the entity’s right to defer settlement is contingent on compliance with future covenants within twelve months. The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. The Group is currently assessing the impact the amendments will have on current practice and whether existing loan agreements may require renegotiation.

F-97

2. Significant accounting policies (cont.) (3) Supplier finance arrangements — Amendments to IFRS 1007 and IFRS 1107 The amendments to IFRS 1007 Statement of Cash Flows and IFRS 1107 Financial Instruments: Disclosures clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The disclosure requirements in the amendments are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. The amendments will be effective for annual reporting periods beginning on or after January 1, 2024. Early adoption is permitted but will need to be disclosed. The amendments are not expected to have a material impact on the Group’s financial statements. 2.3 Basis of preparation Basis of Accounting The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB).