EFTA01366993.pdf

Amendment #4 Page 564 of 868 "hit ( eaten" Sherehoiders net In In tne cornbned balance sheets, shareholder's net investment represents BTSA Netherlands Cooperate U A and all snarenorders histoncal investment in Idipletmel. Dassefonten Wnd Energi Facility (RF) Proprelary Lulled. Sevenstones 159 (RF) Proprietary Limited and Limarco 77 (RF) Proprietary Limited, their acaintilated net earnings mc4.A -q :v.:cur/I:rated nthil cc more-eremite loss 3. Property, plant and equipment, net Property, dart and equipment cores! a me following In US dollar 2014 2013 Ontriebon n Progress _ 87.871.017 wi Energy Facets/ Wed 43.784.220 — Solar Energy Facility 45,883053 — Sub/Amon 4,239,818 — Total property. part and equipment. at cost 93713,089 87,871,017 Less accumulated depeciaton (5177,897) — Effect d movements in exchange rates 404,231 Total property, dad and equipment, net 813,939823 87,871,017 Deprecation expense was $5 2M and SO for the years ended 31 Deventer 2014 and 2013 respectively A special notarial bard and a general notarial bond has been registered over the Company's present and Nitre movable property for an arrow" of S92 7M plus an additional amount of S18 5M. as secsity for the $85 IM frst ranking debt. Refer to Wee 7 fa further details. 4. Deferred tax Deferred tax assets and liabilities we non-current and we attnbutatie t the following Ni US dollar 2014 2013 Deferred tax assets Tax losses 10,078,644 117 Z579,820 Asset retirement (*Ivied) 830 — Total deferred tax assets 10,198474 2,579,823 Deferred tax Sateen Property, plant and equpment (11,073,009) (2,375,391) Prepayments (108924) — Total deferred tax ledges (11,179,933) (2,375,391) Total net deferred tax piabltyyesset (983.459) 204,429 The urinate reaization of deferred tax assets is dependent upon the genera0on of futtre taxable income airing the periods in which those terrporary differences become deductible Management considers the scheduled reversal d deferred tax hedges (rcluding the impact of available carryback and carryfonvard weds) detected enure taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections Id future taxable income over Ile periods in *moll the F.244 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-0058521 CONFIDENTIAL SDNY_GM_00204705 EFTA01366993