Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 677

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 677
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 liability that has been removed and the actual payment made is recorded in the income statement as a gain or loss. Other payables comprise employment obligations and provisions. 2.14 Borrowings Borrowings are initially recognized at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortized cost. Any difference between the proceeds (net of transaction cost) and the redemption amount is recognized in profit or loss over the period of the borrowing using the effective interest method. See Note 12 and 20 for further information. 2.15 Financial instruments Financial assets and liabilities are recognized when an entity of the Group becomes party to the contractual provisions of an instrument. Financial assets and liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and liabilities (other than those designated at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or liabilities, when appropriate, at initial recognition. Transaction costs directly attributable to the acquisition of financial assets or liabilities designated at fair value through profit or loss are recognized immediately through profit or loss. The Group applies a hierarchy to classify valuation methods used to measure financial instruments carried at fair value. Levels 1 to 3 are defined based on the degree to which fair value inputs are observable and have a significant effect on the recorded fair value, as follows: •Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities; •Level 2: Valuation techniques use significant observable inputs, either directly (i.e., as prices) or indirectly (i.e., derived from prices), or valuations are based on quoted prices for similar instruments; and •Level 3: 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