Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 284

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 284
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 USD 243,267). The Group assessed the loss allowance of these amounts on a 12 -monthECL basis consequent to their assessment. In its assessment of the credit risk of the subsidiaries, the Group considered amongst other factors, the financial position of the subsidiaries F-34

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 22.Financial instruments and financial risks (cont.) as of April 30, 2024, the past financial performance and cashflow trends, adjusted for the outlook of the industry and economy in which the subsidiaries operate in. Using 12 -monthECL, the Group recognised an allowance loss of USD Nil (2023: USD Nil) for other receivables. Market risks The Group’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates. The objective of market risk management is to manage and control market risk exposures within acceptance parameters, while optimising the return on risk. Foreign currency risk The Group is exposed to foreign currency risk on certain income, expenses, monetary assets, mainly cash and cash equivalents, and liabilities that are denominated in currencies other than the functional currencies of the respective entities in the Group. As at the reporting date, the Group does not have significant foreign currency risk exposure except for the financial assets denominated in Euro and United States dollar. The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities as at the end of the financial year are as follows:

|                      |     |  Assets |     |         |     | Liabilities |   |     |            |   |
|                      |     |    2024 |     |    2023 |     |        2024 |   |     |       2023 |   |
|                      |     |     USD |     |     USD |     |         USD |   |     |        USD |   |
| Euro                 |     | 210,822 |     | 812,695 |     |    (517,031 | ) |     |   (456,112 | ) |
| United States dollar |     |  23,218 |     |   4,407 |     |  (2,652,552 | ) |     | (9,490,334 | ) |

Foreign currency sensitivity analysis The following table details the sensitivity to a 5% (