Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 151

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 151
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Other than as shown above, we did not have any significant financial and capital commitments, long -termobligations, or guarantees as of April 30, 2024 and 2023. As of April 30, 2024 and 2023, we were not a party to any legal or administrative proceedings. In addition, there were no legal or regulatory proceedings, either individually or in the aggregate, which could have resulted in an unfavorable outcome with a material adverse effect on our results of operations, consolidated financial condition, or cash flows. As of the date of this prospectus, we did not have any loss contingencies which are required to be recognized or disclosed in our consolidated financial statements. Seasonality The nature of our business does not appear to be affected by seasonal variations. We may experience fluctuations in demand due to heightened or weakened economic conditions, geopolitical events, and shifts in trade patterns in areas where we operate. Inflation Whilst inflation has been a global issue impacting many countries around the globe, inflation in Singapore has not materially affected our results of operations in recent years. According to Singapore Department of Statistics, consumer price index of Singapore increased from 113 for the year ended April 30, 2023 to 116 for the year ended April 30, 2024 and the core inflation rate slightly decreased from 5.7% for the year ended April 30, 2023 to 2.7% for the year ended April 30, 2024. Although we have not been significantly affected by inflation at this point in time, we may be affected if Singapore and any other jurisdiction where we operate in the future experience higher rates of inflation in the future. Significant Accounting Policies and Critical Accounting Judgments and Estimates Our consolidated financial statements included elsewhere in this prospectus have been prepared in accordance with International Financial Reporting Standard (“IFRS”). The preparation of our consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. We evaluate our estimates and assumptions on an ongoing basis. Our estimates are based on historical experience and various other assumptions that we believe are reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. When reading our consolidated financial statements, you should consider our selection of critical accounting policies, the judgment and other uncertainties affecting the application of such policies and the sensitivity of reported results to changes in conditions and assumptions. We are of the opinion that there are no critical jud