Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 317

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 317
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) has arisen as a result of a past event and it is probable that a future outflow of resources will be required to settle
the obligation, provided that a reliable estimate can be made of the amount of the obligation.

When the effect of discounting is material, the amount recognized
for a provision is the present value at the end of each reporting period of the future expenditures expected to be required to settle
the obligation. The increase in the discounted present value amount arising from the passage of time is included in finance costs in profit
or loss.

A contingent liability is a present obligation arising from
past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required
to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability.

Where the Group is jointly and severally liable for an obligation,
the part of the obligation that is expected to be met by other parties is treated as a contingent liability and it is not recognized in
the consolidated financial statements.

The Group assesses continually to determine whether an outflow
of resources embodying economic benefits has become probable. If it becomes probable that an outflow of future economic benefits will
be required for an item previously dealt with as a contingent liability, a provision is recognized in the consolidated financial statements
in the reporting period in which the change in probability occurs, except in the extremely rare circumstances where no reliable estimate
can be made.

Income tax comprises current and deferred tax.

Current tax assets and liabilities are measured at the amount
expected to be recovered from or paid to the taxation authorities, based on tax rates (and tax laws) that have been enacted or substantively
enacted by the end of the reporting period, taking into consideration interpretations and practices prevailing in the countries in which
the Group operates.

Deferred tax is provided, using the liability method, on all
temporary differences at the end of each reporting period between the tax bases of assets and liabilities and their carrying amounts for
financial reporting purposes.

Deferred tax liabilities are recognized for all taxable temporary
differences, except:

| ● | when the deferred tax liability arises from the initial recognition                                                                   
 of goodwill or an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects 
 neither the accounting profit nor taxable profit or loss; and                                                                         |

| ● | in respect of taxable temporary differences associated with                                                                             
 investments in subsidiaries, when the timing of the reversal of the temporary differences can be controlled and it is