Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 312

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 312
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 individual assets with specific useful lives
and depreciates them accordingly.

When the Group makes payments for ownership interests of properties
of which includes both leasehold land and building elements, the entire consideration is allocated between the leasehold land and the
building elements in proportion to the relative fair values at initial recognition. To the extent the allocation of the relevant payments
can be made reliably, interest in leasehold land is presented as “right-of-use assets” included in “property, plant
and equipment” in the consolidated statement of financial position. When the consideration cannot be allocated reliably between
non-lease building element and undivided interest in the underlying leasehold land, the entire properties are classified as property,
plant and equipment.

Any revaluation increase arising from revaluation of property,
plant and equipment is recognized in other comprehensive income and accumulated in revaluation reserve, except to the extent that it reverses
a revaluation decrease of the same asset previously recognise in profit or loss, in which case the increase is credited to profit or loss
to the extent of the decrease previously charged. A decrease in net carrying amount arising on revaluation of property, plant and equipment
is recognized in profit or loss to the extent that it exceeds the balance, if any, on the revaluation reserve relating to a previous revaluation
of that asset. On the subsequent sale or retirement of a revalued asset, the attributable revaluation surplus is transferred to retained
profits.

Depreciation is calculated on a straight-line basis to write
off the cost or valuation of each item of property, plant and equipment to its residual value over its estimated useful life.

Where parts of an item of property, plant and equipment have
different useful lives, the cost of that item is allocated on a reasonable basis among the parts and each part is depreciated separately.
Useful lives and the depreciation method are reviewed, and adjusted if appropriate, at least at each reporting period.

An item of property, plant and equipment including any significant
part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any
gain or loss on disposal or retirement recognized in the consolidated statement of profit or loss and other comprehensive income in the
year the asset is derecognized is the difference between the net sales proceeds and the carrying amount of the relevant asset.

Intangible assets acquired in a business combination

Intangible assets acquired in a business combination are recognized
separately from goodwill and are initially recognized at their fair value at