Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 503

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 503
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 |     |        As of 
 December 31, 
         2023 |     |         |     |    As of 
 June 30, 
     2024 |
|:----------------------------------------|:----|-------------:|:----|--------:|:----|---------:|
|                                         |     |      US$’000 |     | US$’000 |     |  US$’000 |
| Payroll and related expenses payable    |     |        4,089 |     |   3,974 |     |      267 |
| Other tax payables                      |     |        3,923 |     |   5,121 |     |    1,210 |
| Payable for acquisition of subsidiaries |     |            — |     |   3,506 |     |    3,507 |
| Interest expense payable                |     |            — |     |   2,263 |     |    4,005 |
| Accruals and other payables             |     |        1,792 |     |   2,287 |     |    1,734 |
|                                         |     |        9,804 |     |  17,151 |     |   10,723 |

21.CONTRACT LIABILITIES

|                                                                       |     |        As of 
 December 31, 
         2022 |     |    2023 |     |    As of 
 June 30, 
     2024 |
|:----------------------------------------------------------------------|:----|-------------:|:----|--------:|:----|---------:|
|                                                                       |     |      US$’000 |     | US$’000 |     |  US$’000 |
| Fashion, arts and luxury media and advertising and marketing services |     |          511 |     |     658 |     |      351 |
| Hotel operation, hospitality and VIP services                         |     |          792 |     |     151 |     |      314 |
|                                                                       |     |        1,303 |     |     809 |     |      665 |

Contract liabilities carried forward from each of January 1 are recognized as revenue during the next reporting period. 22.BORROWINGS

| 2022                               |     |        As of 
 December 31, 
         2023 |     |         |     |    As of 
 June 30, 
     202