Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 491

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 491
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 acquisition date, as appropriate. Such contract will not be reassessed unless the terms and conditions of the contract are subsequently changed. The Group as a lessee Allocation of consideration to components of a contract For a contract that contains a lease component and one or more additional lease or non -leasecomponents, the Group allocates the consideration in the contract to each lease component on the basis of the relative stand -aloneprice of the lease component and the aggregate stand -aloneprice of the non -leasecomponents. The Group applies practical expedient not to separate non -leasecomponents from lease component, and instead account for the lease component and any associated non -leasecomponents as a single lease component. Short-term leases The Group applies the short -termlease recognition exemption to leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option. Lease payments on short -termleases are recognized as expense on a straight -linebasis or another systematic basis over the lease term. Right-of -use assets The cost of right -of -useasset includes the amount of the initial measurement lease liability. Right -of -useassets are depreciated on a straight -linebasis over the shorter of its estimated useful life and the lease term. Lease liabilities At the commencement date of a lease, the Group recognizes and measures the lease liability at the present value of lease payments that are unpaid at that date. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. The lease payments include fixed lease payments (including in -substancefixed payments), less any lease incentives. After the commencement date, lease liabilities are adjusted by interest accretion and lease payments. Foreign currencies These financial statements are presented in US$, which is the Company’s functional currency. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency. Foreign currency transactions recorded by the entities in the Group are initially recorded using their respective functional currency rates prevailing F-46 THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 2.APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (cont.) at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency rates of