Summary of Material Accounting Policies |
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| Summary of Significant Accounting Policies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Material Accounting Policies | Summary of Material Accounting Policies The unaudited condensed interim consolidated financial statements reflect all adjustments that, in the opinion of management, are necessary for a fair statement of the results of operations for the interim period. All such adjustments to the financial information are of a normal, recurring nature. Accordingly, these unaudited condensed interim consolidated financial statements are to be read in conjunction with the annual financial statements for the year ended December 31, 2025. The principal accounting policies applied in the preparation of these unaudited condensed interim consolidated financial statements are disclosed in financial statements for the year ended December 31, 2025 and have been consistently applied to all the periods presented, except for the adoption of new and amended standards as set out below and Note 3(1). 4(1) Compliance statement These unaudited condensed interim consolidated financial statements of the Group have been prepared in accordance with IAS 34 Interim Financial Reporting as issued by the IASB. 4(2) Basis of preparation A.Except for the following items, the unaudited condensed interim consolidated financial statements have been prepared under the historical cost convention: (a)Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss. (b)Defined benefit liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligation. B.The preparation of the unaudited condensed interim consolidated financial statements in conformity with IAS 34 Interim Financial Reporting requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the unaudited condensed interim consolidated financial statements are disclosed in Note 5. 4(3) Basis of consolidation A.Subsidiaries included in the unaudited condensed interim consolidated financial statements:
Note. As a result of 2025 Business Combination, Wannaby, along with its wholly owned subsidiary, Wannaby UAB, became an indirect wholly owned subsidiary of Perfect. B.Subsidiaries not included in the unaudited condensed interim consolidated financial statements: None. C.Adjustments for subsidiaries with different balance sheet dates: None. D.Significant restrictions: None. E.Subsidiaries that have non-controlling interests that are material to the Group: None. 4(4) Employee benefits Pension cost for the interim period is calculated on a year-to-date basis by using the pension cost rate derived from the actuarial valuation at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant curtailments, settlements, or other significant one-off events. Also, the related information is disclosed accordingly. 4(5) Income tax The interim period income tax expense is recognised based on the estimated average annual effective income tax rate expected for the full financial year applied to the pretax income of the interim period, and the related information is disclosed accordingly.
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