Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 601

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 601
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30, 2024 and 2023, Argentina’s official exchange rate against the US Dollar increased 255% and 105% respectively. 2.Summary of significant accounting policies and basis of preparation 2.1.Basis of preparation (a)Statement of compliance These combined financial statements have been prepared in accordance with IFRS Accounting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and interpretations issued by the IFRS Interpretations Committee (IFRIC). The Group’s financial year -endis June 30. These combined financial statements were authorized by the Board of Directors of the Company on January 22, 2025. (b)Basis of measurement These combined financial statements have been prepared on the historical cost basis, except for items that are required to be accounted for at fair value. The significant accounting policies set out in Note 2 have been consistently applied in preparing these combined financial statements to all the periods presented, unless otherwise stated. Due to the activities of the Group, costs and expenses presented in the statement of operations are classified according to their function. The statement of financial position has been prepared based on the nature of the transactions, distinguishing: (a) current assets from non -currentassets, where current assets are assets that should be realized, sold or used during the normal operating cycle, or the assets owned with the aim of being sold in the short -term(within 12 months); (b) current liabilities from non -currentliabilities, where current liabilities are liabilities that should be paid during the normal operating cycle or over the 12 -monthperiod subsequent to the reporting date. All other assets and liabilities are classified as non -current. Current and deferred tax assets and liabilities (income tax credits/liabilities) are presented separately from each other and from other assets and liabilities, classified as current and non -current, respectively. (c)Functional and presentation currency Items included in these combined financial statements are measured using the currency of the primary economic market in which the Company operates (“the functional currency”). The Company’s functional currency is the Argentine Peso. These combined financial statements are presented in US Dollars. Unless otherwise stated, references to ‘ARS’ are to Argentine Pesos and references to ‘US$’ or ‘US Dollars’ are to US Dollars. The Group has applied IAS 29 “Financial Reporting in Hyperinflationary Economies”, which mandates that when the functional currency of an entity is subject to hyperinflation, the financial statements must be adjusted to reflect the