Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 151

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 11
Chunk 151
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  Profit or loss      $                                    (78)      $          (90)      $          (42)  
  Equity                                                  1,439                2,106                2,350  

Interest Rate Risk

We are exposed to interest rate risk as we borrowed funds at both fixed and floating interest rates. Our interest rate risk was mainly concentrated in the fluctuation of the benchmark interest rate arising from cash and cash equivalents - time deposits and repurchase agreements collateralized by bonds, other financial assets, short-term borrowings, long-term borrowings, bonds payable, financial liabilities designated at fair value through profit or loss (“ FVTPL”) and leasing liabilities. The carrying amount of our financial assets and financial liabilities with exposure to interest rates at the end of the reporting period were as follows.

                                     As of December 31,                            
                                     2024                                          
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  Fair value interest rate risk                                                    
  Financial assets                   $                        80,637      129,917  
  Financial liabilities                                       39,066       60,970  
  Cash flow interest rate risk                                                     
  Financial assets                                            46,765       49,465  
  Financial liabilities                                      357,205      410,617  

The sensitivity analyses below were determined based on our exposure to interest rates for non-derivative instruments at the end of the reporting period. For floating rate liabilities, the analyses were prepared assuming the amount of the liability outstanding at the end of the reporting period was outstanding for the whole year. A 10 basis points increase or decrease was used when reporting interest rate risk internally to key management personnel and represents management’s assessment of the reasonably possible change in interest rates.

If interest rates had been 10 basis points higher/lower and all other variables were held constant, our loss for the years ended December 31, 2024, 2023 and 2022 would increase/decrease by $0.3 million, $0.4 million and $0.3 million, respectively.

Credit Risk

Credit risk refers to the risk that the counterparty will default on its contractual obligations resulting in financial loss to Gogoro. Our credit risk was mainly arising from bank deposits, trade receivables, other financial assets, and refundable deposits. We adopted a policy of only dealing with creditworthy counterparties and financial institutions, where appropriate, as a means of mitigating the risk of financial loss from