Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 259

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 259
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 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
fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15,
2024. Early adoption is permitted. A public entity should apply the amendments in this Update retrospectively to all prior periods presented
in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based
on the significant segment expense categories identified and disclosed in the period of adoption. The Company anticipates that Topic 280
will impact only its disclosures and therefore do not expect that Topic 280 will have a material impact on its consolidated financial
statements.

In December 2023, the FASB issued ASU 2023-09,
which is an update to Topic 740, Income Taxes. The amendments in this update related to the rate reconciliation and income taxes paid
disclosures improve the transparency of income tax disclosures by