Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 318

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 318
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 indicates that the financial asset is unlikely to be received, which could include a breach of debt covenant, and/or where contractual payments are 90 days past due as per IFRS 9’s presumption. In their assessment, the management considers, amongst other factors, the latest relevant credit ratings from reputable external rating agencies where available and deemed appropriate, historical credit experiences, latest available financial information and latest applicable credit reputation of the debtor. The Group’s internal credit risk grading categories are as follows:

| Category |     | Description                                                                                                    |     | Basis of recognising ECL                                                                                                                                                         |
| 1        |     | Low credit riskNote 1                                                                                          |     | 12-months ECL                                                                                                                                                                    |
| 2        |     | Non-significant increase in credit risk since initial recognition and financial asset is ≤ 30 days past due    |     | 12-months ECL                                                                                                                                                                    |
| 3        |     | Significant increase in credit risk since initial recognitionNote 2 or financial asset is > 30 days past due   |     | Lifetime ECL                                                                                                                                                                     |
| 4        |     | Evidence indicates that financial asset is credit-impairedNote 3                                               |     | Difference between financial asset’s gross carrying amount and present value of estimated future cash flows discounted at the financial asset’s original effective interest rate |
| 5        |     | Evidence indicates that the management has no reasonable expectations of recovering the write off amountNote 4 |     | Written off                                                                                                                                                                      |

Note 1. Low credit risk The financial asset is determined to have low credit risk if the financial assets have a low risk of default, the counterparty has a strong capacity to meet its contractual cash flow obligations in the near term and adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the counterparty to fulfil its contractual cash flow obligations. Generally, this is the case when the Group assesses and determines that the debtor has been, is in and is highly likely to be, in the foreseeable future and during the (contractual) term of the financial asset, in a financial position that will allow the debtor to settle the financial asset as and when it falls due.

F-37 OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 22.Financial instruments and financial risks (cont.) Note 2. Significant