EFTA01366852.pdf

Amendment #4 Page 423 of 868 *sat 9t CalM.mt Significant components of de Operatiry Entities' deferred tax assets and liabilities at March 31 2015 arc December 31 2014 see as follows pareh 31, Deperrrber 31, Figures In ZAR '000 2016 2014 Deterred tax assets Carer! 5,922 14,685 Noncurrent 364,830 319,782 370,752 334,467 Deferred tat assets comet of the folbwing —net coming losses and tax meal carryforeards 342,026 296,123 —pretrade eiverdeses 22034 22,604 —accrued expenses 2204 15,250 —asset retirement otligabon reserve 12.639 13,075 —interest rate swap 3.437 — —comrntment charges 281 281 —vaksetron allowance (12.639) (13,075) 370,762 334,467 Deterred tax bonitos Currert (437) — Noncurrent (378.431) (345.515) (378,838) (346.616) Deferred tax bablibes corset 01 the following —Progeny, Man and equipment 1378,401) (345,515) —other (437) — (374936) (346.616) In assessing the realization et deferred tax assets, management considers whetter a is more rim than not that some purdah or di of the deferred tax assets will not be realized The striate realtzaton of deferred tax assets is dependent upon the scheduled reversal of deferred tax ionises and generation of future taxable income Wring the periods in whets the deferred tax assets become deductible. Dunng the thee months ended March 31. 2015. a valuation albwance was recognoed on the tax effect d the Asset Retrement Obligation as there is insufficient evidence to stggest 9-ere wit be sufficient taxable income dunng the periods at whch certain cA the deferred tax assets will be realized. The operating ices carryfaward period is Meanie soteect to certain ocnotions As at March 31, 2015 and December 31, 2014, the Overstay Elan hive identified no uncertain tax polidione for *hob a reserve under ASC 74010 weukt be regured F-103 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-0058380 CONFIDENTIAL SIDNY_GM_00204564 EFTA01366852