Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 258

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 258
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. The amendments in this Update improve financial reporting by requiring disclosure
of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-
useful financial analyses. The amendments in this update: (1) require that a public entity disclose, on an annual and interim basis,
significant segment expenses that are regularly provided to the chief operating decision maker (CODM) and included within each reported
measure of segment profit or loss (collectively referred to as the “significant expense principle”), (2) Require that
a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment and a description of
its composition. The other segment items category is the difference between segment revenue less the segment expenses disclosed under
the significant expense principle and each reported measure of segment profit or loss, (3) Require that a public entity provide all
annual disclosures about a reportable segment’s profit or loss and assets currently required by Topic 280 in interim periods, and
(4) Clarify that if the CODM uses more than one measure of a segment’s profit or loss in assessing segment performance and
deciding how to allocate resources, a public entity may report one or more of those additional measures of segment profit. However, at
least one of the reported segment profit or loss measures (or the single reported measure, if only one is disclosed) should be the measure
that is most consistent with the measurement principles used in measuring the corresponding amounts in the public entity’s consolidated
financial statements. In other words, in addition to the measure that is most consistent with the measurement principles under generally
accepted accounting principles (GAAP), a public entity is not precluded from reporting additional measures of a segment’s profit
or loss that are used by the CODM in assessing segment performance and deciding how to allocate resources, (5) Require that a public
entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or
loss in assessing segment performance and deciding how to allocate resources, and (6) Require that a public entity that has a single
reportable segment provide all the disclosures required by the amendments in this Update and all existing segment disclosures in Topic
280. The amendments in this Update also do not change how a public entity identifies its operating segments, aggregates those operating
segments, or applies the quantitative thresholds to determine its reportable segments. The amendments in this Update are effective for
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