Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 609

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 609
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 credits included under other receivables are assessed for impairment at each reporting period. When the recoverable value of these tax credits is lower than their amortized cost, the Group recognizes an impairment loss. The impairment is recorded as a reduction in the carrying amount of the tax credits, with a corresponding charge to other financial results in the statement of profit or loss. The Group assesses trade accounts receivables for expected credit losses at each reporting period by disaggregating by payer type. The Group reviews receivables for expected credit losses based on historical payment trends as well as forward looking data and current economic trends. If a credit loss is determined, the Group records a reduction to the accounts receivable balance with a corresponding general and administrative expense. 2.11 Contract liability The Group records a contract liability when cash payments are received or due in advance of its performance related to one or more performance obligations. 2.12 Share capital and reserves Ordinary shares Ordinary shares are classified as equity. Initial balances and movements for the period are recorded at their historical values. Foreign currency translation adjustment The foreign currency translation reserve is used to record exchange differences arising from the translation of the financial statements from the functional currency of the Group — Argentine Peso — into the presentation currency — US Dollar-. 2.13 Trade and other payables Trade and other payables are recognized when the Group has a legal or a constructive obligation, as a result of a past event, and it is probable that there may be an outflow of resources embodying economic benefits to settle the obligation and the obligation can be measured reliably. These amounts represent liabilities for goods and services provided to the Group prior to the end of financial year which are unpaid. F-105 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) The Group removes financial liabilities from its balance sheet only when its obligations are fully met, settled, or are no longer in effect. Any discrepancy between the reported value of the financial liability that has been removed and the actual payment made is recorded in the income statement as a gain or loss. Other payables comprise employment obligations and provisions. 2.14 Borrowings Borrowings are initially recognized at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortized cost. Any difference between the proceeds (net of transaction cost) and the redemption amount is recognized in profit or loss over the period of the borrowing using the effective interest method. See Note 12 and 20