Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 259

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 259
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 the acquiree and the equity interests issued by the Group in exchange
for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred.

The identifiable assets acquired and
liabilities assumed must meet the definitions of an asset and a liability in the Conceptual Framework except for transactions and events
within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assetsor IFRIC 21 Levies, in which the Group
applies IAS 37 or IFRIC 21 instead of the Conceptual Framework to identify the liabilities it has assumed in a business combination.
Contingent assets are not recognized.

<div align='center'>F-31

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 2. | APPLICATION OF INTERNATIONAL FINANCIAL REPORTING 
 STANDARDS (cont.)                                |

At the acquisition date, the identifiable
assets acquired and the liabilities assumed are recognized at their fair value.

Goodwill is measured as the excess
of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree, and the fair value of the acquirer’s
previously held equity interest in the acquiree (if any) over the net amount of the identifiable assets acquired and the liabilities
assumed As of acquisition date. If, after re-assessment, the net amount of the identifiable assets acquired and liabilities assumed exceeds
the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the acquirer’s
previously held interest in the acquiree (if any), the excess is recognized immediately in profit or loss as a bargain purchase gain.

Non-controlling interests that are
present ownership interests and entitle their holders to a proportionate share of the relevant subsidiary’s net assets in the event
of liquidation are initially measured at the non-controlling interests’ proportionate share of the recognized amounts of the acquiree’s
identifiable net assets or at fair value.

The Company accounts for the business
combination with entities under common control using historical carrying values and under a prospective basis which involves the Company
accounting for the combination prospectively from the date on which it occurred. For predecessor accounting:

| ● | Assets and liabilities                                                                         
 of the acquired entity are stated at