Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 493

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 493
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 1 |   |     |      35 |   |     |      36 |   |
| As of June 30, 2024                   |     |      500 |   |     | 118,210 |   |     | 118,710 |   |

The above carrying amounts of brand names of approximately US$92,379,000, US$118,025,000 and US$118,060,000 and archived images of approximately US$500,000, US$499,000 and US$500,000, respectively, as of December 31, 2022 and 2023 and June 30, 2024 are considered by the directors of the Company as having an indefinite useful life because it is expected to contribute to net cash inflows indefinitely. The brand names and archived images will not be amortized until its useful life is determined to be finite. Instead they will be tested for impairment annually and whenever there is an indication that it may be impaired. The remaining brand name of approximately US$163,000, US$154,000 and US$150,000, respectively, as of December 31, 2022 and 2023 and June 30, 2024 are amortized on a straight -linebasis of 20 years. As of December 31, 2022 and 2023 and June 30, 2024, carrying amount of brand name of approximately US$92,379,000, US$92,216,000 and US$92,243,000, respectively, and archived images of US$500,000, US$499,000 and US$500,000, respectively, are allocated to cash -generatingunit of the business unit under “L’Officiel”. For the purpose of impairment testing, the recoverable amount of this cash -generatingunit has been determined based on a value in use calculation. That calculation uses cash flow projections based on financial budgets approved by management covering a 5 -yearperiod, and pre -taxapproximate discount rate of 11%. Cash flows beyond the 5 -yearperiod are extrapolated using a steady 1.6% to 2.1% growth rate. This growth rate is based on the relevant industry growth forecasts and does not exceed the average long -termgrowth rate for the relevant industry. Other key assumptions for the value in use calculations relate to the

F-54

WORLD MEDIA AND ENTERTAINMENT UNIVERSAL INC.
NOT