Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 148

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 148
---
ables of US$0.1million, primarily attributable to billing and incoming inventory for imminent projects. Investing activities Net cash used in investing activities for the periods ended Oct31, 2024 and 2023 was approximately US$0.7million and US$0.1million, respectively, which was entirely spent on the purchase of property, plant and equipment and investment in intangible assets. Financing activities Net cash generated from financing activities for the period ended October31, 2024 was approximately US$2.3million. This was primarily due to (i) proceeds from third party loans of approximately US$1.5million; and (ii) related party loans of approximately US$1.1million; offset by (iii) repayment of related party loans of approximately US$0.1million; and (iv) repayment of lease liabilities of approximately US$0.2million. Net cash generated from financing activities for the period ended October31, 2023 was approximately US$1.0million. This was primarily due to (i) proceeds from related party loans of approximately US$1.4million; offset by (ii) repayment of related party loans of approximately US$0.2million; and (iv) repayment of lease liabilities of approximately US$0.2million. Quantitative and Qualitative Disclosures about Market Risks Foreign currency translation and foreign currency risks Our reporting currency is United States Dollars (“US$”). The functional currency of our company and our subsidiaries incorporated in Cayman, and United States, is US$. The functional currency of our subsidiary incorporated in Germany is euro (“EUR”), and the functional currency of our Singapore subsidiaries is Singapore dollar (“SGD”). Transactions denominated in currencies other than the functional currency are remeasured into the functional currency at the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in a foreign currency are remeasured into the functional currency using the applicable exchange rate at the balance sheet date. The resulted exchange differences are recorded as general and administration expenses in the consolidated statements of loss and other comprehensive loss. The financial statements of our subsidiaries in Singapore and Germany are translated from their functional currency into US$. Assets and liabilities are translated into US$ using the applicable exchange rates at the balance sheet date. Equity accounts other than earnings or deficits generated in the current period are translated into US$ using the appropriate historical rates. Revenues, expenses, gains and losses are translated into US$ using the average exchange rates for the relevant period. The resulted foreign currency