EFTA01367233.pdf

Amendment #4 Page 804 of 868 ,d ( =mem% 3.3 Bests of vakestion amigo:nerds:Ion solvency The financial statements as of December 31, 2014 and 2013 were prepared on a hsloncal cost basin. except for certain den's that are measured in accordance with the accounting places described in Note 4 The finance! statements are expressed n US domes (S or USS) 34 CluMns hi accounting peados The accounting Wipes adopted by the Company to prepare its financial statements as ci December 31, 2014 are consstent with those teed to peps= as franc= statements as of December 31, 2013 The Company adopted for the lest time the forowing amendments to standards and interpretabons. stitch are effective for annual perods beginning on or after January 1. 2014 These amendments and intelmetabons had no material impact on the Company's financial statements as of December 31. 2014 Investment Entitles (Amendments to WAS 10, MRS 12 andMS 27) These amendments proede an exception to the ceinso1dation regurernent for entities hat meet the definite:et of an ineestment entity ender IFRS 10 Consofidated Ferrel Statement and must be appiied retrospectively. suttee( to certain transition relief The exception to consolidabon requires investment enteties to accourt for subsedaries at fair value though profit or loss Offsetting Financial Assets and Financial Lwbdltles - Amendments to MS 32 These ann dimnts clarity the meaning 01 - currently h3S a legal,/ enforceable regn to set-off' and the cntena for non-simultaneous sethement mecharnsms of clearing houses to qualify for offrieterg and is applied retrospectPiety Novstlon of Dedvsevett Si Continuation of Hedge Amounting - Amendments PI LAS 99 These an=stn.Ms provide rebel rram O5O=Gwry hedge accounting when novabon of a derivative designated as a hedging instrument meets certain =feria and retrospective application is required IFRIC 21Levies IFRIC 21 Mathes that an entity recognizes a lab bty for a levy when the acterety that triggers payment, as identified by the relevant regisebon. omen For a evy that is triggered upon reaching a =own threshold, the interpretation clarifies trim no =betty shoild be anticipated befote the specified minimum threshold is reacted. Retrospective appication is requred for IFRIC 21 Recoverable Amount Disclosures for Non•FInenelal Assets - Amendments fo MS 36 Impahimonf of Assets Th050 amencrnents remove the unntended consequences d IFRS 13 on the deschosures required under IAS 38 In addeten these amendments requre decease of the recovered° amounts-for the assets or Cash generating texts for which =payment bass has been recognized or reversed during the period Annual Improvements 2010-2012 Cycle In the 2010.2012 annual improverhents cycle. the IASS issued seven amendments to sex standards. whch included an amendment to IFRS 13 Fan Value Measurement The amendment to IFRS 13 is effective inenedately and thus. for perods beginning at January 1. 2014 and it clarifies n the Basis for Conclusions that short-term receivables and payables with no slated interest rates can be measured at invoice 81110t/IS when the effect of disowning is immaterial F-484 http://cfdocs.btogo. corn:27638/cf/dna/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058761 CONFIDENTIAL SDNY_GM_00204945 EFTA01367233