Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 345

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 345
---
 in the application of the Group’s accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors that are considered to be reasonable under the circumstances. Actual results may differ from the estimates. 3.1Critical judgements made in applying the Group’s accounting policies Management is of the opinion that there are no critical judgements (other than those involving estimates) that have a significant effect on the amounts recognized in the financial statements. F-61

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED OCTOBER 31, 2024 AND 2023 3.Critical accounting judgements and key sources of estimation uncertainty (cont.) 3.2Key sources of estimation uncertainty The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Impairment of intangible assets Intangible assets with finite useful lives are amortised on a straight -linebasis over their estimated useful lives. The Management estimates the useful lives of intangible assets to be 2 -10years. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset is accounted for by changing the amortisation period or method, as appropriate, and are treated as changes in accounting estimates. The Company also tests its intangible assets not yet available for use for impairment annually by comparing their respective carrying amounts with their corresponding recoverable amounts. The carrying amount of the Group’s and Company’s intangible assets as at October 31, 2024 was USD 3,241,504 (April 30, 2024: USD 3,326,859, refer to Note 10). 4.Revenue Revenue consists of the following:

|                                                     |     | Six Months ended 
      October 31, |     |           |
|                                                     |     |             2024 |     |      2023 |
|                                                     |     |              USD |     |       USD |
| Revenue from contracts with customer                |     |                  |     |           |
| Service and maintenance                             |     |        1,515,459 |     | 2,292,670 |
| Sales of robots                                     |     |          201,057 |     |   393,754 |
| Robotics as a service (RaaS)                        |     |