Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 575

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 575
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 Property, plant and equipment is depreciated based on the straight -linemethod over estimated useful lives. An item of property, plant and equipment will be derecognized upon disposal or when future economic benefits from the continued use of the asset are no longer expected. The gain or loss arising from the derecognition is measured as the difference between the gain on sale and the carrying amount of the asset and is recognized through profit or loss. The useful lives of property, plant and equipment are:

| Machinery and equipment |     | 10 years     |
| Furniture and fixtures  |     | 10 years     |
| Computer equipment      |     | 3 – 5 years  |
| Instrumental            |     | 5 – 10 years |

2.6Intangible assets The Group’s development activities involve a plan or design to produce new tests or products for the Heritas Diagnostics segment and development for the Rewell segment. Development costs of new genetic tests within the Heritas Diagnostics segment consist of capitalized internally generated costs that are directly attributable to the development and setup of identifiable genetic tests controlled by the Group. Development costs within the Rewell segment consist of capitalized internally generated costs that are directly attributable to the design, development, and testing of identifiable and unique applications (development related to software) controlled by the Group. These developments are primarily included within the Group’s proprietary GetRewell digital platform.

F-75

Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) Development costs are capitalized only when they can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group has the intent and sufficient resources to complete development and either use or sell the asset. Costs capitalized includes materials, direct labor, overhead costs that are directly attributable to preparing the asset for its intended use, and any capitalized borrowing costs. All other development costs are expensed as incurred. When these criteria are not met, development costs are expensed as incurred. Subsequent to initial recognition, capitalized development costs are measured at cost, less accumulated amortization and accumulated impairment losses, if any. Intangible Assets subject to amortization are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The useful life of an asset is reviewed every year as required by IAS 38. See note 5 for further information. Intangible Assets in progress are tested for impairment each year