Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 578

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 578
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 Valuation techniques use significant inputs that are not based on observable market data (unobservable inputs). 2.15.1Financial assets Classification of financial assets If and when applicable, the Group follows the framework and requirements outlined in IFRS 9 to classify financial assets based on whether: •The financial asset is held within a business model with the objective of collecting contractual cash flows or a combination of collecting contractual cash flows and selling financial assets; and •The contractual terms give rise to cash flows that are only payments of principal and interest. By default, all other financial assets are subsequently measured at fair value through profit or loss. Trade receivables originated from the Heritas Diagnostics segment are amounts primarily due from CIBIC which must be settled within 60 days following invoicing, and to a lesser extent by Meyerlab S.A. (a company incorporated in Paraguay, to which Omnigenics provides genomic diagnostic services under a contract signed on March 11, 2024, and is also a related party to the Group) which must be settled within 15 days following invoicing and are therefore classified as current. See Note 20 for further information about related parties. F-78 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) Trade receivables are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components, when they are recognized at fair value. The Group holds trade receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest method. Gains and losses in foreign currency Trade payables denominated in a currency other than the subsidiaries’ functional currency are determined in that foreign currency and converted to the functional currency at the end of each reporting period, using the prevailing spot rate at that time. Exchange differences are recognized through profit or loss and are classified within financial income/expenses. Derecognition of financial assets The Group derecognizes a financial asset only when the contractual rights to the asset’s cash flows expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party. If the Group does not transfer or retain substantially all risks and rewards of ownership and continues to control the transferred asset, the Group recognizes its interest retained in the asset and an associated liability for the amounts to be paid. If the Group retains substantially all the risks and rewards of ownership of a transferred financial asset