Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 681

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 681
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 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 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