Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 319

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 319
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ivable is concentrated in Singapore. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the statements of financial position. Trade receivables (Note 13) The Group uses the practical expedient under IFRS 9 in the form of allowance matrix to measure the ECL for trade receivables, where the loss allowance is equal to lifetime ECL. The ECL for trade receivables are estimated using an allowance matrix by reference to the historical credit loss experience of the customers for the last 3 years prior to the respective reporting dates for various customer groups that are assessed by geographical locations, product types and internal ratings, adjusted for forward looking factors specific to the debtors and the economic environment which could affect the ability of the debtors to settle the financial assets. In considering the impact of the economic environment on the ECL rates, the Group assesses, for example, the gross domestic production growth rates of the country and the growth rates of the major industries which its customers operate in. Trade receivables are written off when there is evidence to indicate that the customer is in severe financial difficulty such as being under liquidation or bankruptcy and there is no reasonable expectation for recovering the outstanding balances. No expected loss allowance is provided on the Group’s trade receivables as at 30 April, 2024 as all trade receivables of the Group are within the credit period according to the terms agreed with the customers. Other receivables (Note 13) As of April 30, 2024, the Group recorded other receivables of USD 519,644 (2023: USD 243,267). The Group assessed the loss allowance of these amounts on a 12 -monthECL basis consequent to their assessment. In its assessment of the credit risk of the subsidiaries, the Group considered amongst other factors, the financial position of the subsidiaries F-38

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 22.Financial instruments and financial risks (cont.) as of April 30, 2024, the past financial performance and cashflow trends, adjusted for the outlook of the industry and economy in which the subsidiaries operate in. Using 12 -monthECL, the Group recognised an allowance loss of USD Nil (2023: USD Nil) for other receivables. Market risks The Group’s activities expose