Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 617

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 617
---
 as the “Group” or “Consolidated Entity”. Subsidiaries are all entities that are controlled by the Consolidated Entity. The Consolidated Entity controls an entity when the Consolidated Entity is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Consolidated Entity. They are de -consolidatedfrom the date that control ceases.

F-56

2. Significant accounting policies (cont.) Intercompany transactions, balances and unrealized gains on transactions between entities in the Consolidated Entity are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred. Accounting policies of subsidiaries have been revised where necessary to ensure consistency with the policies adopted by the Consolidated Entity. The acquisition of subsidiaries is accounted for using the acquisition method of accounting. A change in ownership interest, without the loss of control, is accounted for as an equity transaction, where the difference between the consideration transferred and the book value of the share of the non -controllinginterest acquired is recognized directly in equity attributable to the Parent. Non -controllinginterest in the results and equity of subsidiaries are shown separately in the statements of comprehensive income, statements of financial position and statements of changes in equity of the Consolidated Entity. Losses incurred by the Consolidated Entity are attributed to the non -controllinginterest in full, even if that results in a deficit balance. Where the Consolidated Entity loses control over a subsidiary, it derecognizes the assets including goodwill, liabilities and non -controllinginterest in the subsidiary together with any cumulative translation differences recognized in equity. The Consolidated Entity recognizes the fair value of the consideration received and the fair value of any investment retained together with any gain or loss in profit or loss. 2.4 Business combinations The acquisition method of accounting is used to account for business combinations regardless of whether equity instruments or other assets are acquired. The Company made an accounting policy election to apply acquisition accounting for business combination involving entities under common control. The consideration transferred is the sum of the acquisition -datefair values of the assets transferred, equity instruments issued or liabilities incurred by the acquirer to former owners of the acquiree and the amount of any non -controllinginterest in the acquiree. For each business combination, the non -controllinginterest in the acquiree is measured at either fair value or