Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 219

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 219
---
 All resulting exchange differences are recognized in foreign currency translation reserve, a separate component of equity.  

All financial information presented
in USD has been rounded to the nearest dollar, except when otherwise indicated.

F-11

Segment reporting

Operating segments, and the amounts
of each segment item reported in the financial statements, are identified from the financial information provided regularly to the Group’s
most senior executive management for the purposes of allocating resources to, and assessing the performance of, the Group’s various
lines of business and geographical locations.

Individually material operating segments
are not aggregated for financial reporting purposes unless the segments have similar economic characteristics and are similar in respect
of the nature of products and services, the nature of production processes, the type or class of customers, the methods used to distribute
the products or provide the services, and the nature of the regulatory environment. Operating segments which are not individually material
may be aggregated if they share a majority of these criteria. The Group’sthreesegments are technology, tourism service and cross-border
e-commerce.

Revenue recognition

Revenue from contracts
with customers

Revenue from contracts with customers
is recognized when control of goods or services is transferred to the customers at an amount that reflects the consideration to which
the Company expects to be entitled in exchange for those goods or services.

When the consideration in a contract
includes a variable amount, the amount of consideration is estimated to which the Company will be entitled in exchange for transferring
the goods or services to the customer. The variable consideration is estimated at contract inception and constrained until it is highly
probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty
with the variable consideration is subsequently resolved. Currently, the Company’s contracts do not include such variable amount.

When the contract contains a financing
component which provides the customer a significant benefit of financing the transfer of goods or services to the customer for more than
one year, revenue is measured at the present value of the amount receivable, discounted using the discount rate that would be reflected
in a separate financing transaction between the Company and the customer at contract inception. When the contract contains a financing
component which provides the Company a significant financial benefit for more than one year, revenue recognized under the contract includes
the interest expense accreted on the contract liability under the effective interest method. For a contract where the period between the
payment by the customer and the transfer of the promised goods or services is one year or less, the transaction price is not