Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 226

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 226
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 fair value through
profit or loss.

The classification of financial assets
at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model
for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group
has applied the practical expedient of not adjusting the effect of a significant financing component, the Group initially measures a financial
asset at its fair value, plus in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables
that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction
price determined under IFRS 15 in accordance with the policies set out for “ Revenue recognition”.

In order for a financial asset to be
classified and measured at amortized cost or fair value through other comprehensive income, it needs to give rise to cash flows that are
solely payments of principal and interest (“ SPPI”) on the principal amount outstanding.

The Group’s business model for
managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines
whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both.

All regular way purchases and sales
of financial assets are recognized on the trade date, that is, the date that the Group commits to purchase or sell the asset. Regular
way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established
by regulation or convention in the marketplace.

F-17

Subsequent measurement

The subsequent measurement of financial
assets depends on their classification as follows:

Financial assets at amortized cost
(debt instruments)

The Group measures financial assets
at amortized cost if both of the following conditions are met:

  The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows.  

  The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.  

Financial assets at amortized cost are
subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the income
statement when the asset is derecognized, modified or impaired.

Financial assets at fair value through
other comprehensive income (debt instruments)

The Group measures debt instruments
at fair value through other comprehensive income if both