Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 293

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 293
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 the sale of autonomous mobile robots (AMRs) and related IT products, such as software and hardware components, including spare parts and services related to robot setup and commissioning. Such sales contracts may include single or multiple performance obligations. The single performance obligation is to deliver products or services to the customer. In cases whereby a contract includes multiple performance obligations (e.g., hardware sales bundled with a service contract on project basis), the multiple performance obligations include delivering Robots, delivering Batteries, Installation and Commissioning, User Acceptance Testing and Warranty support. We allocate the transaction price to each performance obligation based on its respective standalone selling price in accordance with IFRS 15. This ensures revenue is recognized appropriately when obligations are fulfilled. Contract assets and liabilities Contract Assets relates to Unbilled Revenue for which the corresponding maintenance service has been provided and cost has been incurred with revenue recognized but has not yet issued an invoice. These unbilled revenues are included under “Trade and other receivables” on the Consolidated Statements of Financial Position, amounting to $215,851 and $144,051 respectively for the years ended April30, 2024 and 2023 (See Note 13). Contract Liabilities related to Deposits Received from customers for which products or services have not been delivered. These customer deposits received are included under “Trade and other payables” on the Consolidated Statements of Financial Position, amounting to $731,708 and $140,648 respectively for the years ended April30, 2024 and 2023 (See Note 18). 2.5Borrowing costs Borrowing costs are recognised in profit or loss in the period in which they are incurred. 2.6Retirement benefit costs Payments to defined contribution retirement benefit plans are charged as an expense as they fall due. Payments made to state -managedretirement benefit schemes, such as the Singapore Central Provident Fund, are dealt with as payments to defined contribution plans where the Group’s obligations under the plans are equivalent to those arising in a defined contribution retirement benefit plan. F-13

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 2.Summary of significant accounting policies (cont.) 2.7Employee leave entitlements Employee entitlements to annual leave are recognised when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees