Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 227

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 227
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 of the following conditions are met:

  The financial asset is held within a business model with the objective of both holding to collect contractual cash flows and selling.  

  The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.  

For debt instruments at fair value through
other comprehensive income, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the income
statement and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized
in other comprehensive income. Upon derecognition, the cumulative fair value change recognized in other comprehensive income is recycled
to the income statement.

Financial assets at fair value through
other comprehensive income (equity investments)

Upon initial recognition, the Group
can elect to classify irrevocably its equity investments as equity investments designated at fair value through other comprehensive income
when they meet the definition of equity under IFRS 9 Financial Instruments. The Group may make an irrevocable election at initial recognition
for particular investments in equity instruments that would otherwise be measured at fair value through profit or loss to present subsequent
changes in fair value in other comprehensive income

Gains and losses on these financial
assets are never recycled to the income statement. Dividends are recognized as other income in the income statement when the right of
payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount
of the dividend can be measured reliably, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial
asset, in which case, such gains are recorded in other comprehensive income. Equity investments designated at fair value through other
comprehensive income are not subject to impairment assessment.

F-18

Financial assets at fair value through
profit or loss

The Group may, at initial recognition,
irrevocably designate a financial asset as measured at fair value through profit or loss if doing so eliminates or significantly reduces
a measurement or recognition inconsistency (sometimes referred to as an ‘accounting mismatch’) that would otherwise arise
from measuring assets or liabilities or recognizing the gains and losses on them on different bases

Financial assets at fair value through
profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognized in the income
statement. This category includes derivative financial instruments and structured bank deposits.

A derivative embedded in a hybrid contract