Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 303

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 303
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 be consolidated until the date that such control ceases.

Profit or loss and each item of other comprehensive income,
if any, is attributed to the owners of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling
interests having a deficit balance. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions
among members of the Group are eliminated in full on combination.

Non-controlling interests in subsidiaries are presented separately
from the Group’s equity therein, which represent present ownership interests entitling their holders to a proportionate share of
net assets of the relevant subsidiaries upon liquidation.

’

Changes in the Group’s interests in subsidiaries that
do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the
Group’s relevant components of equity and the non-controlling interests are adjusted to reflect the changes in their relative interests
in the subsidiaries, including re-attribution of relevant reserves between the Group and the non-controlling interests according to the
Group’s and the non-controlling interests’ proportionate interests.

Any difference between the amount by which the non-controlling
interests are adjusted, and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners
of the Company.

A business is an integrated set of activities and assets which
includes an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired processes
are considered substantive if they are critical to the ability to continue producing outputs, including an organized workforce with the
necessary skills, knowledge, or experience to perform the related processes or they significantly contribute to the ability to continue
producing outputs and are considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability
to continue producing outputs.

Acquisitions of businesses, other than business combination
under common control, are accounted for using the acquisition method. The consideration transferred in a business combination is measured
at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities
incurred by the Group to the former owners of 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