Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 310

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 310
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MBER 31, 2022, 2023 AND 2024</div>

| 2. | APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS 
 (cont.)                                                    |

An investment in a joint venture is accounted for using the
equity method from the date on which the investee becomes a joint venture. On acquisition of the investment in a joint venture, any excess
of the cost of the investment over the Group’s share of the net fair value of the identifiable assets and liabilities of the investee
is recognized as goodwill, which is included within the carrying amount of the investment. Any excess of the Group’s share of the
net fair value of the identifiable assets and liabilities over the cost of the investment, after reassessment, is recognized immediately
in profit or loss in the period in which the investment is acquired.

The Group assesses whether there is objective evidence that
the interest in a joint venture may be impaired. When any objective evidence exists, the entire carrying amount of the investment (including
goodwill) is tested for impairment in accordance with IAS 36 Impairment of Assets as a single asset by comparing its recoverable
amount (higher of value in use and fair value less costs of disposal) with its carrying amount. Any impairment loss recognized is not
allocated to any asset, including goodwill, that forms part of the carrying amount of the investment. Any reversal of that impairment
loss is recognized in accordance with IAS 36 to the extent that the recoverable amount of the investment subsequently increases. When
a group entity transacts with a joint venture of the Group, profits and losses resulting from the transactions with the joint ventures
are recognized in the Group’s consolidated financial statements only to the extent of interests in the joint venture that are not
related to the Group

The Group measures its movie income right investments and
listed and unlisted equity investment at fair value at the end of each reporting period. Fair value is the price that would be received
to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair
value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the
principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or
liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is
measured