Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 359

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 359
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 |                       |     |           |
| Bank borrowings                                          |     |                           219,609 |     |                   176 |     |   219,433 |
| Amount due to ultimate holding company                   |     |                           102,622 |     |                     — |     |   102,622 |
| Amount due to subsidiaries’ non-controlling shareholders |     |                            63,019 |     |                63,019 |     |         — |
| Lease liabilities                                        |     |                               520 |     |                   253 |     |       267 |
| Total                                                    |     |                           385,770 |     |                63,448 |     |   322,322 |

222 Other than as shown above, we did not have any other significant capital and other commitments, long -termobligations or guarantees as of December31, 2024. Off-Balance Sheet Commitments and Arrangements We have not entered into any financial guarantees or other commitments to guarantee the payment obligations of any third parties. In addition, we have not entered into any derivative contracts that are indexed to our shares and classified as shareholders’ equity or that are not reflected in our combined financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or product development services with us. Critical Accounting Estimates Impairment assessment of intangible assets Determining whether intangible assets are impaired requires an estimation of the recoverable amount of the cash -generatingunit to which intangible assets have been allocated, which is the higher of the value in use or fair value less costs of disposal. The value in use calculation requires us to estimate the future cash flows from the cash -generatingunit and a suitable discount rate in order to calculate the present value. Where the actual future revenue is less than expected, or change in facts and circumstances which results in downward revision of future cash flows or upward revision of discount rate, a material impairment loss or further impairment loss may arise. Revaluation measurement of properties As at the end of the reporting period, our properties are stated at revalued amounts based on the valuation performed by independent qualified professional valuers. In determining the fair value, the valuers have based their valuation on income approach