Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 263

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 263
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 assets” included
in “property, plant and equipment” in the consolidated statement of financial position. When the consideration cannot be
allocated reliably between non-lease building element and undivided interest in the underlying leasehold land, the entire properties
are classified as property, plant and equipment.

Any revaluation increase arising from
revaluation of property, plant and equipment is recognized in other comprehensive income and accumulated in revaluation reserve, except
to the extent that it reverses a revaluation decrease of the same asset previously recognise in profit or loss, in which case the increase
is credited to profit or loss to the extent of the decrease previously charged. A decrease in net carrying amount arising on revaluation
of property, plant and equipment is recognized in profit or loss to the extent that it exceeds the balance, if any, on the revaluation
reserve relating to a previous revaluation of that asset. On the subsequent sale or retirement of a revalued asset, the attributable
revaluation surplus is transferred to retained profits.

Depreciation is calculated on a straight-line
basis to write off the cost or valuation of each item of property, plant and equipment to its residual value over its estimated useful
life.

Where parts of an item of property,
plant and equipment have different useful lives, the cost of that item is allocated on a reasonable basis among the parts and each part
is depreciated separately. Useful lives and the depreciation method are reviewed, and adjusted if appropriate, at least at each reporting
period.

An item of property, plant and equipment
including any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from
its use or disposal. Any gain or loss on disposal or retirement recognized in the consolidated statement of profit or loss and other
comprehensive income in the year the asset is derecognized is the difference between the net sales proceeds and the carrying amount of
the relevant asset.

Intangible assets acquired in a business combination

Intangible assets acquired in a business
combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date (which is
regarded as their cost).

<div align='center'>F-34

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 
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