Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 297

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 297
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 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 recognised in the financial statements. 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 2~10 years. 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 April 30, 2024 was USD 3,326,859 (2023: USD 4,028,429, refer to Note 11). 4.Revenue Revenue consists of the following:

|                                      |     |      2024 |     |      2023 |
|                                      |     |       USD |     |       USD |
| Revenue from contracts with customer |     |           |     |           |
| Service and maintenance              |     | 4,195,079 |     | 3,964,964 |
| Sales of robots                      |     |   954,108 |     |   902,492 |
| Robotics as a service (RaaS)         |     |   139,142 |     |   243,684 |
|                                      |     | 5,288,329 |     | 5,111,140 |

F-22

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 4.Revenue (cont.)

|                              |     |      2024 |     |      2023 |
|                              |     |       USD |     |       USD |
|