Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 517

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 517
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monthECL on bank balances and restricted cash is insignificant and therefore no loss allowance was recognized. Amounts due from joint ventures The Group regularly evaluates the business performance of joint ventures. The Group’s credit risks in these balances are considered low due to the strong financial positions of these entities. The management believes that there are no significant increases in credit risk of these amounts since initial recognition and the Group provided impairment based on 12 -monthECL. The Group assessed the ECL for amounts due from joint ventures to be insignificant and thus no loss allowance is recognized. Deposits and other receivables For deposits and other receivables, the Group makes periodic individual assessment on the recoverability of other receivables and deposits based on historical settlement records, past experience, and also quantitative and qualitative information that is reasonable and supportive forward -lookinginformation. The Group believes that there is no significant increase in credit risk of these amounts since initial recognition and the Group provided impairment based on 12 -monthECL. For year ended December 31, 2022, the Group recognized ECL on deposits and other receivables of US$501,000 and there is no movement on the allowance of ECL on deposits and other receivables during the year ended December 31, 2022, 2023 and 2024. The tables below detail the credit risk exposures of the Group’s financial assets at amortized costs, which are subject to ECL assessment:

|                                 |     |                12-month 
             or lifetime 
                     ECL |     | As of December 31, |     |         |     |         |
| 2022                            |     |                    2023 |     |               2024 |     |         |     |         |
|                                 |     |                         |     |            US$’000 |     | US$’000 |     | US$’000 |
| Accounts receivable (note (i))  |     |            Lifetime ECL 
 (collective assessment) |     |              2,831 |     |   5,339 |     |   6,457 |
| Deposits and other receivables  |     |            12-month ECL |     |              1,892 |     |   2,139 |     |   1,816 |
| Amounts due from joint ventures |     |            12-month ECL |     |             30,554 |     |  23,810 |