Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 190

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 190
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.73                  13.44              
  Gogoro Philippines Inc. (Note ii)                    The Philippines                                               Sale of electric vehicles and related products and provision of after-sale services; Provision of energy services to consumers using battery swapping systems                                             30.00                  30.00              

i. 13.44 13.44

ii. Gogoro Philippines Inc. (“ GPH”) was incorporated under the laws of the Philippines in June 2023. Gogoro Network Pte. Ltd. acquired 30

All of the above associates were accounted for using equity method in the consolidated financial statements.

Although the Company held less than 20% of the equity interest of Zypp and it had less than 20% of the voting power at shareholder meetings, the Company exercised significant influence by virtue of its contractual right to appoint one out of five directors to the board of directors of Zypp and its contractual right to void decisions on certain defined matters.

Summarized financial information in respect of each of the Company’s associates is set out below. The summarized financial information represented amounts in the associates’ financial statements prepared in accordance with IFRSs adjusted by the Company for equity accounting purposes.

                               As of December 31, 2024                             As of December 31, 2023                                       
                               Zypp                                                Zypp                                     GPH                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current assets               $                            17,332      2,944      $                            12,974      $             6,502  
  Non-current assets                                         8,263      2,425                                    8,489                    2,142  
  Current liabilities          ( 2,896)                                            ( 1,142)                                 ( 1,406)             
  Non-current liabilities      ( 5,585)                                            ( 7,065)                                 ( 88)                
  Equity                                                    17,114      4,057                                   13,256                    7,150  

F-26

Table of Contents

                                                                   For the Year Ended December 31, 2024                                   For the Year Ended December 31, 2023                            
                                                                   Zypp                                                     GPH           Zypp                                                  GPH       
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                                                                                       43,833      125