Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 266

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 266
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-employment                                                           
 benefit plan for the benefit of employees of either the Group or an entity related to the 
 Group; and the sponsoring employers of the post-employment benefit plan;                  |

| (vi) | the entity is controlled                             
 or jointly controlled by a person identified in (a); |

| (vii) | a person identified                                                                      
 in (a)(i) has significant influence over the entity or is a member of the key management 
 personnel of the entity (or of a parent of the entity); and                              |

| (viii) | the entity, or any                                                                         
 member of a group of which it is a part, provides key management personnel services to the 
 Group or to the parent of the Group.                                                       |

Initial recognition and measurement

The classification of financial assets
at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model
for managing them. With the exception of accounts receivable arising from IFRS 15 Revenue from Contracts with Customers that do
not contain a significant financing component or for which the Group has applied the practical expedient of not adjusting the effect
of a significant financing component, the Group initially measures a financial asset at its fair value, plus in the case of a financial
asset not at FVTPL, transaction costs. Accounts receivable that do not contain a significant financing component or for which the Group
has applied the practical expedient are measured at the transaction price determined under IFRS 15 in accordance with the policies set
out for “Revenue recognition” below.

In order for a financial asset to be
classified and measured at amortized cost, the contractual terms need to give rise to cash flows that are solely payments of principal
and interest on the principal amount outstanding and the financial asset needs to be held within a business model whose objective is
to collect contractual cash flows.

The Group’s business model for
managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines
whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified
and measured at amortized cost are held within a business model with the objective to hold financial assets in order to collect contractual
cash flows. Financial assets which are not held within the aforementioned business models are classified and measured at FVTPL.

<div align='center'>F-36

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATE