Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 570

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 570
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 from non -currentassets, where current assets are assets that should be realized, sold or used during the normal operating cycle, or the assets owned with the aim of being sold in the short -term(within 12 months); (b) current liabilities from non -currentliabilities, where current liabilities are liabilities that should be paid during the normal operating cycle or over the 12 -monthperiod subsequent to the reporting date. All other assets and liabilities are classified as non -current. Current and deferred tax assets and liabilities (income tax credits/liabilities) are presented separately from each other and from other assets and liabilities, classified as current and non -current, respectively. (c)Functional and presentation currency Items included in these combined financial statements are measured using the currency of the primary economic market in which the Company operates (“the functional currency”). The Company’s functional currency is the Argentine Peso. These combined financial statements are presented in US Dollars. Unless otherwise stated, references to ‘ARS’ are to Argentine Pesos and references to ‘US$’ or ‘US Dollars’ are to US Dollars. The Group has applied IAS 29 “Financial Reporting in Hyperinflationary Economies”, which mandates that when the functional currency of an entity is subject to hyperinflation, the financial statements must be adjusted to reflect the value of money at the end of the reporting period. This is regardless of whether they are based on the historical cost method or the current cost method. For such purpose, the inflation F-71 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) produced from the date of acquisition or from the revaluation date, as applicable, must be computed in non -monetaryitems. This requirement also includes the comparative information of the financial statements. In order to conclude on whether an economy is categorized as hyper -inflationaryin the terms of IAS 29, the standard details a series of factors to be considered, including the existence of an accumulated inflation rate in two years that is approximate or exceeds 100%. In accordance with IAS29, Argentina was considered a hyperinflationary economy as from July 1, 2018. The restatement mechanism of IAS 29 establishes that monetary assets and liabilities are not restated because they are already expressed in a current unit of measurement at the end of the reporting period. Assets and liabilities subject to adjustments based on specific agreements, are adjusted according to those agreements. Non -