Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 668

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 668
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.Summary of significant accounting policies and basis of preparation (cont.) produced from the date of acquisition or from the revaluation date, as applicable, must be computed in non -monetaryitems. This requirement also includes the comparative information of the financial statements. In order to conclude on whether an economy is categorized as hyper -inflationaryin the terms of IAS 29, the standard details a series of factors to be considered, including the existence of an accumulated inflation rate in two years that is approximate or exceeds 100%. In accordance with IAS29, Argentina was considered a hyperinflationary economy as from July 1, 2018. The restatement mechanism of IAS 29 establishes that monetary assets and liabilities are not restated because they are already expressed in a current unit of measurement at the end of the reporting period. Assets and liabilities subject to adjustments based on specific agreements, are adjusted according to those agreements. Non -monetaryitems measured at their current values at the end of the reporting period, such as the net realizable value or others, do not need to be restated. The remaining non -monetaryassets and liabilities are restated according to a general price index. The loss or gain for the net monetary position is included in the “Inflation Adjustment” line item in the statement of operations. The inflation adjustment to the initial balances was calculated by means of a conversion factor derived from the Argentine price indexes published by INDEC, the National Institute of Statistics. (d)Reporting cash flows The Group reports cash flows from operating activities using the indirect method. Interest paid is presented within financing activities. Interest received is presented within investing activities. (e)Use of estimates and judgements The preparation of these combined financial statements requires management to make certain estimates and assumptions, either at the statement of position date or during the year, which affect the reported amounts of revenues, expenses, assets, liabilities, and contingent amounts. Estimates are based on historical experience and other assumptions that are considered reasonable under the given circumstances and are regularly monitored. Actual outcomes and results could differ from those estimates and assumptions. Revisions to estimates are recognized in the period in which the estimate is revised. The following is intended to provide an understanding of the policies that management considers critical because of the level of complexity, judgment or estimations involved in their application and their impact on the combined Financial Statements. These judgments involve assumptions or estimates in respect of future events. Actual results may differ from these estimates. Intangible Assets impairment testing As explained in note 2.6