Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 580

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 580
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 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 assets and liabilities attributable to temporary differences and to unused tax losses. Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and its carrying amounts for financial reporting purposes at the reporting date. Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits, and any unused tax losses. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilized. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are re -assessedat each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered. Deferred tax is measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates that have been enacted or substantively enacted at the balance sheet date. The Group has concluded not to recognize deferred tax assets due to the improbability of future taxable amounts being available to offset those temporary differences and losses. F-80 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) 2.19 Expenses Sales and marketing expenses, general and administrative expenses, and research and development expenses The Group recognizes expenses in the period in which these costs are incurred and are presented by function on the statements of operations. Sales