Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 317

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 317
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 |  2,139 |     |         |  1,816 |
| Amounts due from joint ventures |     | 12-month ECL            |     |                    | 30,554 |     |         | 23,810 |     |         |      — |
| Restricted cash                 |     | 12-month ECL            |     |                    |    415 |     |         |    135 |     |         |      — |
| Cash and balance balances       |     | 12-month ECL            |     |                    |  1,208 |     |         |  6,121 |     |         | 19,978 |
|                                 |     |                         |     |                    | 36,900 |     |         | 37,544 |     |         | 28,251 |

Notes:

| (i) | For accounts receivable, the Group has applied the                           
 simplified approach in IFRS 9 to measure the loss allowance at lifetime ECL. |

| (ii) | The financial assets at amortized costs have a low                                              
 risk of default as the counterparties do not have default history and there is no information   
 indicating that these financial assets have a significant increase in credit risk since initial 
 recognition.                                                                                    |

<div align='center'>F-73

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 33. | FINANCIAL RISK MANAGEMENT OBJECTIVES AND 
 POLICIES (cont.)                         |

The Group aims to maintain cash and
credit lines to meet its liquidity requirements. The Group finances its working capital requirements through a combination of funds generated
from operations, loans and equity financing.

The following tables detail the Group’s
remaining contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial
liabilities based on the earliest date on which the Group can be required to pay. Variable rate instruments are subject to change if
change in variable rates differ from the estimated interest rate determined at the end of the reporting period.

|                                                           |     | As of December 31, 2022 |      |     |              |        |     |           |        |     |         |         |     |              |         |     |          |         |
|:----------------------------------------------------------