Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 282

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 282
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 for dismantlement, removal or restoration is incurred as a consequence of acquiring or using the property, plant and equipment. Subsequent expenditure relating to property, plant and equipment is added to the carrying amount of the asset only when it is probable that future economic benefits associated with the item will flow to the entity and the cost of the item can be measured reliably. All other repair and maintenance expenses are recognised in profit or loss when incurred. Depreciation is charged so as to write off the cost of assets over their estimated useful lives, using the straight -linemethod, on the following bases:

|                             |     | Useful lives |
| Furniture and fittings      |     | 3 years      |
| Office equipment            |     | 3 years      |
| Testing equipment and tools |     | 3 years      |
| Robotic software            |     | 3 years      |
| Robotic hardware            |     | 3 years      |
| Premises                    |     | 6 years      |

For right -of -useassets for which ownership of the underlying asset is not transferred to the Group by the end of the lease term, depreciation is charged over the lease term, using the straight -linemethod. The lease periods are disclosed in Note 19. The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. The estimated useful lives, residual values and depreciation methods are reviewed, and adjusted as appropriate, at the end of each financial year.

F-15 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.) The gain or loss, being the difference between the sales proceeds and the carrying amount of the asset, arising on disposal or retirement of an item of property, plant and equipment is recognised in profit or loss. Fully depreciated property, plant and equipment are retained in the Consolidated financial statements until they are no longer in use. 2.11 Intangible assets Internally generated intangible assets Expenditure from the research phase of an internal project to create an intangible asset is expensed in profit or loss when it is incurred. Where the research phase cannot be distinguished from the development phase of an internal project, the Group treats the expenditure on that project as if it were incurred in the research phase only. An internally -generated