Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 347

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 347
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 US$8.7 million in dividend income, US$7.2 million in net fair value changes on financial assets at FVTPL, US$4.8 million in finance costs and US$3.3 million in depreciation; and (ii) a net increase in working capital by US$2.5 million. The net increase in working capital was primarily attributable to an increase in accounts receivable of US$1.2 million, a decrease in accounts payable of US$1.1 million and an increase in prepayments, deposits and other receivables of US$0.8 million, partially offset by an increase in other payables and accruals. Net cash generated from operating activities in 2023 was US$1.1 million. The difference between our profit before tax of US$19.1 million and operating cash inflow was primarily the result of (i) the adjustment of non -cashitems of US$14.6 million, consisted mainly of realized gain in disposal of financial assets at FVTPL and derivative financial instruments of US$50.5 million and dividend income of US$9.9 million, partially offset by net fair value changes on financial assets at FVTPL of US$37.8 million and finance costs of 7.1 million; and (ii) a net increase in working capital by US$3.3 million. The net increase in working capital was primarily attributable to an increase in accounts receivable of US$1.8 million, a decrease in accounts payable of US$1.4 million, and a decrease in contract liability of US$0.9 million, partially offset by an increase in other payables and accruals of US$1.3 million. Net cash used in operating activities in 2022 was US$1.4 million. The difference between our profit before tax of US$23.7 million and operating cash outflow was primarily the result of (i) the adjustment of non -cashitems of US$21.9 million, consisted primarily of net fair value changes on financial assets at FVTPL of US$13.0 million, dividend income of US$6.4 million and gain from a bargain purchase of US$4.8 million, partially offset by finance costs of US$2.6 million; (ii) a net increase in working capital by US$3.3 million. The net increase in working capital was primarily attributable to a decrease in other payables and accruals of US$