Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 463

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 463
---
 defined subtotals in the statement of profit or loss; provide disclosures on management -definedperformance measures in the notes to the financial statements and improve aggregation and disaggregation of information to be disclosed in the financial statements. In addition, some IAS 1 paragraphs have been moved to IAS 8 and IFRS 7. Minor amendments to IAS 7 “Statement of Cash Flows” and IAS 33 “Earnings per Share” are also made. IFRS18, and amendments to other standards, will be effective for annual periods beginning on or after 1 January 2027, with early application permitted. The application of the new standard is expected to affect the presentation of the statement of profit or loss and disclosures in the future financial statements. The Group is in the process of assessing the detailed impact of IFRS 18 on the Group’s consolidated financial statements. 2.3MATERIAL ACCOUNTING POLICIES Basis of combination The combined financial statements incorporate the financial statements of the Company and entities controlled by the Company and its subsidiaries. Control is achieved when the Company: •has power over the investee;

F-27 WORLD MEDIA AND ENTERTAINMENT UNIVERSAL INC.
NOTES TO THE COMBINED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022 and 2023 and
six months ended June 30, 2023 AND 2024 2.APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (cont.) •is exposed, or has rights, to variable returns from its involvement with the investee; and •has the ability to use its power to affect its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control described above. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. The results of subsidiaries are combined from the date on which the Group obtains control, and continue to be combined 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 -controllinginterests, even if this results in the non -controllinginterests having a deficit balance. All intra -groupassets and liabilities, equity, income, expenses and cash flows relating to transactions among members of the Group are eliminated in full on combination. Non -controlling