Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 571

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 571
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monetaryitems measured at their current values at the end of the reporting period, such as the net realizable value or others, do not need to be restated. The remaining non -monetaryassets and liabilities are restated according to a general price index. The loss or gain for the net monetary position is included in the “Inflation Adjustment” line item in the statement of operations. The inflation adjustment to the initial balances was calculated by means of a conversion factor derived from the Argentine price indexes published by INDEC, the National Institute of Statistics. (d)Reporting cash flows The Group reports cash flows from operating activities using the indirect method. Interest paid is presented within financing activities. Interest received is presented within investing activities. (e)Use of estimates and judgements The preparation of these combined financial statements requires management to make certain estimates and assumptions, either at the statement of position date or during the year, which affect the reported amounts of revenues, expenses, assets, liabilities, and contingent amounts. Estimates are based on historical experience and other assumptions that are considered reasonable under the given circumstances and are regularly monitored. Actual outcomes and results could differ from those estimates and assumptions. Revisions to estimates are recognized in the period in which the estimate is revised. The following is intended to provide an understanding of the policies that management considers critical because of the level of complexity, judgment or estimations involved in their application and their impact on the combined Financial Statements. These judgments involve assumptions or estimates in respect of future events. Actual results may differ from these estimates. Intangible Assets impairment testing As explained in note 2.6, “Intangible assets”, management assesses the recoverable value of intangible assets based on value in use calculations which require the use of assumptions. The calculations use cash flow projections based on financial budgets approved by management covering a five -yearperiod. Cash flows beyond the five -yearperiod are extrapolated using the estimated growth rates. This approach involves key assumptions that leave considerable scope for judgement. The key assumptions being made related to this impairment test are consistent with those indicated in Note 14 — Shared -basedincentives. Estimated useful life of intangible assets See note 2.6 and note 5 for further information about how the Group estimates the useful life of intangible assets. F-72 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) Income taxes The Group must perform the estimation of income tax in the country it operates.