Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 473

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 473
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, 2025 (3)Effective for annual periods beginning on or after January 1, 2026 (4)Effective for annual periods beginning on or after January 1, 2027 Except for the new and amendments to IFRS mentioned below, the directors of the Company anticipate that the application of the new and amendments to IFRSs will have no material impact on the consolidated financial statements in the foreseeable future. IFRS 18 “Presentation and Disclosure in Financial Statements” IFRS 18 “Presentation and Disclosure in Financial Statements”, which sets out requirements on presentation and disclosures in financial statements, will replace IAS 1 “Presentation of Financial Statements”. This new IFRS Accounting Standard, while carrying forward many of the requirements in IAS1, introduces new requirements to present specified categories and defined subtotals in the statement of profit or loss; provide disclosures on management -definedperformance measures in the notes to the financial statements and improve aggregation and disaggregation of information to be disclosed in the financial statements. In addition, some IAS 1 paragraphs have been moved to IAS 8 and IFRS 7. Minor amendments to IAS 7 “Statement of Cash Flows” and IAS 33 “Earnings per Share” are also made. IFRS18, and amendments to other standards, will be effective for annual periods beginning on or after 1 January 2027, with early application permitted. The application of the new standard is expected to affect the presentation of the statement of profit or loss and disclosures in the future financial statements. The Group is in the process of assessing the detailed impact of IFRS 18 on the Group’s consolidated financial statements. 2.3MATERIAL ACCOUNTING POLICIES Basis of combination The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company and its subsidiaries. Control is achieved when the Company: •has power over the investee; •is exposed, or has rights, to variable returns from its involvement with the investee; and •has the ability to use its power to affect its returns.

F-32 THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 2.APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (cont.) The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are