EFTA01367221.pdf

Amendment #4 Page 792 of 868 194.k.r4 egMenil The followrg lade summarizes the maturity a the Corrpanyg financial labeibes based on payment corrinitments As of December 31, 2014 O to 6 61o12 More than Months months 1 year Total Notes and kens payable S 6,011,836 $ 6.291.707 $ 206,686,601 S 216,900.044 Aomori payable and accrued expenses 8.178.868 76,172 — 9,264,830 Accrued Interest payable 5987.891 — — 6.987.891 DeCommels1Oning and (esti:ration premien& — — 792.688 792,688 S 20178.386 6 6.367.879 S 207.479,089 S 233.026.353 As of December 31, 2013 O to 6 6to12 More than Months months 1 year Total Notes and tans payable $ 4,422.984 S 4,058,346 S 183.099.772 S 191,581.102 Accrued Merest payable 5.377.002 — — 5.377 002 Accourts payable arc accrued expenses 655,280 — — 655.260 Decommissioning and restoration pro/rates — — 467,971 467 971 S 10.455248 S 4.058.348 S 183.587.743 S 198.081 335 21. Capital management Ire Company c iron objective on capital rrenadement is to ensure that it mortars a sold credit ratio and healthy financial capital rake to support as business and rrenrrae profits The Company manages es capital stria:tie and turnery requests shareholders for any adjustment to lea captal ccnsidenng the economic enveonmert etwhich the Gonverry operates To maintain or adjust its capital structure, 4 may request Street:lets for yanabons to dividends arc capital returns previously geed on, as wet as for increases n capital contnbinons a necessary. These coheres had no egnificant changes n 2014 and 2013 The Corneae/ is financed through trod-party debt and shareholders' equity The C.Orripany'S Caplet Managernent is focused on rnaximelng shareholders' returns thrugh the optimization of the lieu to equity gearng ratio As of Deenter 31, the Compare's gearing ratio was ash:down 2314 2013 Notes and bans payable S 216,990,044 S 191,581,102 Accourts payable and accrued excenses 9,264.830 855.280 Accrued interest payable 6.987.891 5,377,002 Less-cash and restricted cash 137,836.882) (36,267,546) Net kablees 194,396083 161,345,818 Total capita 61,203994 53,351 563 Capital and net Imbibes S 266,689,177 S 214087381 Gearnd ratio 78% 75% F'472 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058749 CONFIDENTIAL SDNY_GM_00204933 EFTA01367221