Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 461

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 461
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 have been prepared on a carve -outbasis. Such reorganization of entities is under common control, which is outside of the scope of IFRS 3 Business Combinations, as such entities were under common control and managed by AMTD Group. The Group prepared the combined financial statements to capture the stand -alonemedia and entertainment services, hotel operation, hospitality and VIP services and strategic investment business, which have operated under AMTD Group during the years ended December 31, 2022 and 2023 and six months ended June 30, 2024. The combined financial statements do not represent the financial position and results of operations of a legal entity but rather a combination of entities and business under common control of AMTD Group that reflect significant assumptions and allocations, including the following: •The assets and liabilities of the entities subject to the restructuring were reflected at their carrying amounts in AMTD Group. No adjustments were made to reflect fair values or recognize any new assets or liabilities that would otherwise be done under the acquisition method. •Any difference between transferred and the aggregate book value of the assets and liabilities of the entities subject to the reorganization was reflected as an adjustment to equity. •Include all revenues, expenses, assets and liabilities attributed to the media and entertainment services, hotel operation, hospitality and VIP services and strategic investment business as part of the reorganization; •Under the pooling of interest method, each of the entities subject to the reorganization is accounted for as if it had always been part of the Group; and •All intercompany transactions and balances have been eliminated in combination. The preparation of combined financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the respective accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the combined financial statements are disclosed in note 3. The Group’s combined financial statements have been prepared in accordance with IFRSs and the Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”) issued by the IASB. For the purpose of preparation of the combined financial statements, information is considered material if such information is reasonably expected to influence decision made by primary users. The combined financial statements have been prepared on a historical cost basis, except for financial assets at FVTPL and derivative financial instruments, which are measured at fair value. The combined financial statements are presented in US$ unless otherwise stated, which is also the functional currency of the Company