Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 503

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 503
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92,379,000, US$118,025,000 and US$118,733,000 and archived images of approximately US$500,000, US$499,000 and US$502,000, respectively, as of December 31, 2022, 2023 and 2024 are considered by the directors of the Company as having an indefinite useful life because it is expected to contribute to net cash inflows indefinitely. The brand names and archived images will not be amortized until its useful life is determined to be finite. Instead they will be tested for impairment annually and whenever there is an indication that it may be impaired. The remaining brand name of approximately US$163,000, US$154,000 and US$146,000, respectively, as of December 31, 2022, 2023 and 2024 are amortized on a straight -linebasis of 20 years. As of December 31, 2022, 2023 and 2024, carrying amount of brand name of approximately US$92,379,000, US$92,216,000 and US$92,769,000, respectively, and archived images of US$500,000, US$499,000 and US$502,000, respectively, are allocated to cash -generatingunit of the business unit under “L’Officiel”. For the purpose of impairment testing, the recoverable amount of this cash -generatingunit has been determined based on a value in use calculation. That calculation uses cash flow projections based on financial budgets approved by management covering a 5 -yearperiod, and pre -taxapproximate discount rate of 11%. Cash flows beyond the 5 -yearperiod are extrapolated using a steady 1.6% to 2.1% growth rate. This growth rate

F-58

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 12.INTANGIBLE ASSETS (cont.) is based on the relevant industry growth forecasts and does not exceed the average long -termgrowth rate for the relevant industry. Other key assumptions for the value in use calculations relate to the estimation of cash inflows/outflows which include budgeted sales and gross margin, such estimation is based on the L’Officiel’s past performance and management’s expectations for the market development. As of December