Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 274

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 274
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1,594,699. In January 2023, a deferred consideration payment of USD 97,002 and a consideration adjustment of USD486,468 were made due to revenue targets not met, resulting in recognising other income of the said amount. In January 2024, a deferred consideration payment of USD 335,648 and a consideration adjustment of USD 259,875 were made due to revenue targets not met, resulting in recognising other income of the said amount. The carrying amount of the acquired intangible assets as at April 30, 2024 was USD 3,189,072 (2023: USD 3,970,625).

|                        |     |      2024 |     |      2023 |
|                        |     |       USD |     |       USD |
| Favourable rights      |     |    73,281 |     |   202,961 |
| Contract backlogs      |     |         — |     |   113,508 |
| Customer relationships |     | 2,484,694 |     | 2,869,690 |
| Intellectual property  |     |   631,097 |     |   784,466 |
| Total (Note 11)        |     | 3,189,072 |     | 3,970,625 |

17.Other reserves Currency translation reserve The currency translation reserve comprises foreign exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from the presentation currency of the Group. Capital reserve The capital reserve comprises Issuance of ordinary shares by a subsidiary, and contributed surplus and the repurchase of shares in subsidiary from minority interest shareholders.

F-27

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 18.Trade and other payables

|                                |     |      2024 |     |      2023 |   |
|                                |     |       USD |     |       USD |   |
| Trade payables – Third Parties |     |   884,321 |     |   797,864 |   |
| – Related Parties(1)           |     |   354,939 |     |   419,468 |   |
| Other payables – Third Parties |     |   285,626 |     |   204,063 |