Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 113

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 19
Chunk 113
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 related notes include all the accounts of the Company and its wholly owned subsidiaries. The CFS are prepared in accordance with
accounting principles generally accepted in the U. S. of America (“ U. S. GAAP”). All intercompany transactions have been eliminated
in consolidation.

B. Business combination and non-controlling interests

The
Company accounts for its business combinations using the acquisition method of accounting in accordance with Accounting Standard Codifications
(“ ASC”) 805, Business Combinations. The cost of an acquisition is measured as the aggregate of the acquisition date fair
values of the assets transferred and liabilities incurred by the Company to the sellers and equity instruments issued. Transaction costs
directly attributable to the acquisition are expensed as incurred. Identifiable assets and liabilities acquired or assumed are measured
separately at their fair values as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of
(i) the total costs of acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held
equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the
cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in
the consolidated statements of operations. During the measurement period, which can be up to one year from the acquisition date, the
Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion
of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any
subsequent adjustments are recorded to the consolidated statements of operations.

For
the Company’s subsidiaries, non-controlling interests are recognized to reflect the portion of their equity that is not attributable,
directly or indirectly, to the Company as the controlling shareholder. For the Company’s consolidated subsidiaries, non-controlling
interests are a minority shareholder’s 20

CLICK
HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

C. Use of estimates and assumptions

The
preparation of CFS in conformity with U. S. GAAP requires management to make certain estimates and assumptions that affect the amounts
reported and disclosed in the CFS and related notes. Significant accounting estimates include the fair value of financial asset - 
cont