Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 679

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 679
---
 the substance of the contractual agreement and definitions of financial liability and equity instrument. Equity instruments An equity instrument consists of any contract that evidences a residual interest in the assets of an entity, after deducting all of its liabilities. Equity instruments issued by the Group are recognized at the proceeds received, net of direct issue costs. The repurchase of equity instruments of the Group is recognized and deducted directly in equity. No gain or loss is recognized through profit or loss, arising from the purchase, sale, issue or cancellation of the equity instruments of the Group. During the fiscal year ended June 30, 2024 and 2023, no repurchase of equity instruments took place. Financial liabilities Financial liabilities are classified at their inception at fair value through profit or loss or at amortized cost, using the effective interest amortization method. F-136 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) 2.16 Short term employee benefits Short -termemployee benefits are expensed as the related service is provided. A liability is recognized for the amount expected to be paid if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee andthe obligation can be estimated reliably. 2.17 Shared-based incentives The Group grants share -basedbenefits to its executive team in the form of Deferred Shares, which are classified as equity -settledshare -basedpayments in accordance with the requirements of IFRS 2 — Share -BasedPayment. This standard prescribes that share -basedpayments settled in an entity’s equity instruments are accounted for as equity -settledtransactions. Accordingly, the Fair Value of the Deferred Shares is recognized as an expense over the requisite service period, aligning with the matching principle, which ensures that costs are recognized in the periods in which the associated services are rendered. The expense is recognized as employee benefits expense in the income statement, with a corresponding increase in equity under capital reserves. The cumulative expense is adjusted based on the best estimate of the number of equity instruments expected to vest, considering the satisfaction of the service and performance conditions. Additional details related to the assumptions used for fair value estimation, as well as the models applied, are disclosed in Note 14. 2.18 Taxation The income tax expense or credit for the period is the tax payable or recoverable on the current period’s taxable income based on the applicable income tax rate, adjusted by changes in deferred tax