Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 316

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 316
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 classified and measured at amortized cost
are held within a business model with the objective to hold financial assets in order to collect contractual cash flows. Financial assets
which are not held within the aforementioned business models are classified and measured at FVTPL.

<div align='center'>F-58

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

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

All regular way purchases or sales of financial assets are
recognized and derecognized on a trade date basis.

Regular way purchases or sales are purchases or sales of financial
assets that require delivery of assets within the time frame established by regulation or convention in the marketplace.

Subsequent measurement

The subsequent measurement of financial assets depends on
their classification as follows:

Financial assets at amortized cost

Financial assets at amortized cost are subsequently measured
using the effective interest method and are subject to impairment. Gains and losses are recognized in the consolidated statements of profit
or loss when the asset is derecognized, modified or impaired.

The effective interest method is a method of calculating the
amortized cost of a financial asset and of allocating interest income and interest expense over the relevant period. The effective interest
rate is the rate that exactly discounts estimated future cash receipts and payments (including all fees and points paid or received that
form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of
the financial asset, or, where appropriate, a shorter period, to the net carrying amount on initial recognition.

Financial assets at FVTPL

Financial assets at FVTPL are carried in the consolidated
statements of financial position at fair value with net changes in fair value recognized in profit or loss.

Dividend income and gain related to disposed financial assets
at FVTPL and net fair value changes on FVTPL which are derived from the Group’s ordinary course of business are presented as revenue

The Group derecognizes a financial asset only when the contractual
rights to the cash flows from the asset expire.

On derecognition of a financial asset measured at amortized
cost, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized
in profit or loss.

The Group recognizes an allowance for