Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 286

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 286
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MENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 23.Fair value of assets and liabilities Except as disclosed in the respective notes, the carrying amounts of cash and cash equivalents, trade and other receivables and payables, approximate their fair values due to their short term maturities. 24.Capital management The primary objective of the Group’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximise shareholders value. The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. No changes were made in the objectives, policies or processes during the financial year ended April 30, 2024. The Group are not subject to any externally imposed capital requirement for the financial year ended April 30, 2024. 25.Development of COVID-19 outbreak and its impact on the Group COVID -19outbreak has brought about an unprecedented challenge for many entities, with increased uncertainty in the global economy. As the situation is still evolving, the full effect of the outbreak is still uncertain and the Group is therefore unable to provide a quantitative estimate of the potential impact of this outbreak on the Group. The Group continues to monitor and evaluate any possible impact on the Group´s business and will consider implementation of various measures to mitigate the effects arising from the COVID -19situation. Based on management’s latest assessment, there is no indicator that the going concern assumption used by the Group in preparing the financial statements is inappropriate. 26.Segment information The group has 2 reportable segments, as described below, which are the Group’s strategic business units. The strategic business units offer different products and services, and are managed separately because they require different technology and marketing strategies. For each of the strategic business units, the Group’s CEO, the chief operating decision maker “CODM” reviews internal management reports on a regular basis. The following summary describes the operations in each of the Group’s reportable segments:

| Autonomous Mobile Robots (“AMR”)                            |     | Design, manufacture and sale/lease of AMR’s for the security, last mile delivery/courier and healthcare industries. The AMR’s autonomously patrol, survey, deliver, disinfect and monitor a geo-fenced area to augment the security/last mile delivery and healthcare industries with real-time on-site data