Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 576

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 576
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2.8Inventories Inventories include materials, supplies or other assets held for consumption for producing the Group’s services, specifically for processing biological samples to generate test results.

F-76 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) Inventories are measured at the lower of acquisition cost or net realizable value. Inventories are presented net of the allowances for obsolescence, if any. 2.9Cash and cash equivalents Cash and cash equivalents include cash on hand and in banks and short -termhighly liquid investments with original maturities of three months or less, which are readily convertible to known amounts of cash. 2.10 Trade and other receivables with third and related parties, net The counterparty to the receivables generated within the Heritas Diagnostics segment is its shareholder CIBIC, due to a commercialization partnership agreement. See Note 2.4 — Revenue Recognition and Note 20 — Related parties for details. The Group receives payment directly from customers within the Rewell segment. See Note 9 — Trade and other receivables. Trade receivables are carried at amortized cost. Other receivables include tax credits, prepaid expenses and guarantee deposits. Tax credits included under other receivables are assessed for impairment at each reporting period. When the recoverable value of these tax credits is lower than their amortized cost, the Group recognizes an impairment loss. The impairment is recorded as a reduction in the carrying amount of the tax credits, with a corresponding charge to other financial results in the statement of profit or loss. The Group assesses trade accounts receivables for expected credit losses at each reporting period by disaggregating by payer type. The Group reviews receivables for expected credit losses based on historical payment trends as well as forward looking data and current economic trends. If a credit loss is determined, the Group records a reduction to the accounts receivable balance with a corresponding general and administrative expense. 2.11 Contract liability The Group records a contract liability when cash payments are received or due in advance of its performance related to one or more performance obligations. 2.12 Share capital and reserves Ordinary shares Ordinary shares are classified as equity. Initial balances and movements for the period are recorded at their historical values. Foreign currency translation adjustment The foreign currency translation reserve is used to record exchange differences arising from the translation of the financial statements from the functional currency of the Group — Argentine Peso