Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 283

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 283
---
.e. reclassified to profit or loss or transferred directly to accumulated profits) in the same manner as would be required if the relevant assets or liabilities were disposed of. The fair value of any investments retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9 Financial Instruments or, when applicable, the cost on initial recognition of an investment in an associate or jointly controlled entity. 2.4Revenue recognition The Group is principally in the business of manufacturing and leasing of autonomous mobile robot services and software. Revenue from contracts with its customers is measured based on the consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognised when the Group satisfies a performance obligation by transferring a promised good or service to the customer, which is when the customer obtains control of the good or service. A performance obligation may be satisfied at a point in time or over time. The Company’s sales contracts could include single or multiple performance obligations, and these are discussed under each revenue model below. The amount of revenue recognised is the amount allocated to the satisfied performance obligation. Customers may also purchase an additional year of warranty in conjunction with the initial purchase of products. This extended warranty is accounted for separately as a distinct performance obligation with a separate contract, with revenue recognized over the extended warranty period. Leasing of robots (Robot as a service, or “RaaS”) Revenue from leasing of robot (RaaS) is a subscription -basedmodel allowing customers to lease our robots for a fixed monthly fee, which includes maintenance and support services. Such sales contracts usually include single performance obligation, which is to provide our customer with the right to use our robots for the agreed -uponperiod, as specified in the lease contract. Subscription Renewal is automatic for a certain period of time, but the customer can opt not to renew by giving notice no less than 3months before the expiration of the Initial Term of the contract. The lease can be terminated at any time either at the Company’s or at the customer’s discretion on a 3months’ notice. The Company considers renewal option in determining the lease term. Revenue from these subscriptions is recognized over time on a straight -linebasis over the lease term, which typically ranges from 1 to 5 years. F-12 OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE