Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 271

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 271
---
 control of the goods has transferred to the customers (i.e. sales of magazines) or upon the edition
in which the advertisement is displayed (i.e. advertising income). The Group also provides fashion, arts and luxury media licensing and
marketing services to its customers on its multimedia channels. The Group recognizes revenues of such services over time based on the
contract term.

Hotel operation services income

Hotel operation services income (i.e.
income from hotel rooms revenue and other ancillary service) are recognized over time using output method by reference to the progress
towards complete satisfaction of the relevant performance obligation, as the customer simultaneously receives and consumes the benefits
provided by the Group’s performance as the Group performs. The Group allows an average credit period of not more than 30 days
to travel agents and corporate customers. All the hotel operation services are for periods of one year or less and the effect of the
time value of money is considered insignificant.

Revenue from other sources

Fair value changes on financial assets
at FVTPL are recognized in the period in which they arise. Gain/loss recognized for those financial assets at FVTPL held at the end of
each reporting period is recognized as net fair value changes on financial assets at FVTPL.

Dividend income is recognized when
the shareholders’ right to receive payment has been established, it is probable that the economic benefits associated with the
dividend will flow to the Group and the amount of the dividend can be measured reliably.

Contract liabilities

A contract liability is recognized
when the payment is made and received or the payment is due (whichever is earlier) from a customer before the Group transfers the related
goods or services. Contract liabilities are recognized as revenue when the Group performs under the contract (i.e., transfers control
of the related goods or services to the customer).

Retirement benefit costs

Payments to defined contribution retirement
benefit plans are recognized as an expense when employees have rendered service entitling them to the contributions.

Short-term employee benefits

Short-term employee benefits are recognized
at the undiscounted amount of the benefits expected to be paid as and when employees rendered the services. All short-term employee benefits
are recognized as an expense unless another IFRS requires or permits the inclusion of the benefit in the cost of an asset. A liability
is recognized for benefits accruing to employees (such as wages and salaries) after deducting any amount already paid.

<div align='center'>F-43

THE GENERATION ESSENTIALS GROUP
NOT