Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 168

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 168
---
 be determined by IASB          

The Company has assessed that the application of the amendments to IAS 21 will not have a material impact on the Company's consolidated financial statements. The Company is continuously assessing other impacts of the above amended standards and interpretations on the Company’s consolidated financial statements and will disclose the relevant impact when the assessment is completed.

d. Basis of consolidation

The consolidated financial statements incorporate the financial statements of Gogoro and entities controlled by Gogoro (its subsidiaries) made up to December 31 each year. Control is achieved when Gogoro:

• has the power over the investee

• is exposed, or has rights, to variable returns from its involvement with the investee

• has the ability to use its power to affect its returns

Gogoro reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.

When the Company has less than a majority of the voting rights of an investee, it considers that it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Company considers all relevant facts and circumstances in assessing whether or not the Company’s voting rights in an investee are sufficient to give it power, including:

• the size of the Company’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders

• potential voting rights held by the Company, other vote holders or other parties

• rights arising from other contractual arrangements

• any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings

Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with the Company’s accounting policies.

All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the entities of the Company are eliminated on consolidation.

F-10

Table of Contents

Details of each Company’s subsidiary at the end of the reporting period are as follows:

                                                                                                                                                                                                         % of Ownership              
                                                                                                                                                                                                            December 31              
  Investor                                Investee                                              Principal Activities                                                                                               2024        2023  
  Gogoro Inc.                             Gogoro Taiwan Limited                                 Manufacture and research and development of electric scooters and bikes                                          100.00