Company: CLIK
Filing Date: 2025-03-19
Form Type: F-1
Source: 0001213900-25-025112
Chunk: 165

Company: Click Holdings Ltd.
Filing Date: 2025-03-19
Form: F-1
Chunk 165
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 and disclosed in the unaudited condensed CFS and related notes. Significant accounting estimates include the allowance for expected credit losses on accounts receivable and other receivables and useful life of property and equipment. Actual amounts could differ from those estimates. C. Functional currency and foreign currency translation The reporting currency of the Company is the U.S. dollar (“US$”), and the functional currency is the Hong Kong dollar (“HK$”) as Hong Kong is the primary economic environment in which the Company operates. The unaudited condensed CFS of the Company are prepared using HK$, and translated into the Company’s reporting currency, US$. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rate of exchange prevailing at the balance sheet date. Revenue and expenses are translated using the average rates during each reporting period, and shareholders’ equity is translated at historical exchange rates. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in shareholders’ equity. Translation of amounts from HK$ into US$ has been made at the following exchange rates:

| Balance sheet items, except for equity accounts: |     |                 |
| As of June 30, 2024                              |     | HK$7.81 to US$1 |
| As of December 31, 2023                          |     | HK$7.81 to US$1 |
| Statement of operations and cash flow items:     |     |                 |
| Six months ended June 30, 2024                   |     | HK$7.82 to US$1 |
| Six months ended June 30, 2023                   |     | HK$7.84 to US$1 |

D. Fair value of financial instruments The accounting standards regarding fair value (“FV”) of financial instruments and related FV measurements defines financial instruments and requires disclosure of the FV of financial instruments held by the Company. The Company considers the carrying amount of current assets and liabilities to approximate their FVs because of their short -termnature. The accounting standards define FV, establish a three -levelvaluation hierarchy for disclosures of FV measurements and enhance disclosure requirements for FV measures. The three levels are defined as follow:

| Level 1: |     | Inputs such as unadjusted quoted prices for identical assets or