EFTA01367199.pdf

Amendment #4 Page 770 of 868 shit itt tomcat, significant financial difficulty, default or delinquency in interest or peircipel payments, the probability that trey will enter bankruptcy or other financial reorganization and wrere observable data indicate that Were is a measurable decrease in the estmated future cash flows due to derautts on contracts impairment of financid assets recorded at amortized cost Wren tre Camper,/ determines that it has incurred in an impairmert loss in the value of its financial assets earned at amortized cost. it estimates the loss amount as the ofifbrence between Wha asset's carrying amour( and the present value of future cash flows discounted at the finance' asset's orgirel effective interest rate. it deducts tre loss from the assets carryng amount and recognizes such loss in the resins of the year n which it occurs II, in a subsequent period, the amount of the loss due to impairment decreases and may be objectively related to an event subsequent to tie reco;nrbon of wrparrneM the wrparmeM loss s reversed Once the reversal is recorded. the carrying amount at the (nonce' asset cannot exceed the crignal amortized amount The arrourt of the reversal is recognized in the resifts 04 the yearn which it occurs 4.6.4 DerecognItIon of financial assets Franc:e'er:setsare derecognized by the Company when the nghts to receive cash flows from the asset have expred, or when the financial asset is transferred along wen 4s wherent risks and benefits and catractual nghts to receive cash lbws from the asset are surrendered or wren tre Company retains the contractual rights to receive cash flows and assumes the oblgabon to pay them to ore or more parties 4.6 Financial liabilities 4.6.1 Initial recognition and measurement F:recta i liabilities wither we scope of I AS 39 are classified as financial Satiates at raw value through profit or loss, loans and borrowege or as derivatives designated as hedging instruments on an effective hedge as appropriate The Company determines the classification of its Inertial liabilities at astral recogniton Ennis Erica recognizes all finanCel liebitteS inn ally at far vat* on the date of acceptance or conttactrg of tie hat y, guanine case of loans and borrowings, &eon/ attributable trareaCtien costs The Certipley'S flhanCtal SatilitieS include notes and accounts payable, accrued expenses and derivative financial estn.rnenbs (Note 4 7) 4.6.2 Subsequent measurement of notes and accounts payable, and accrued expenses After initial recognition, these financial instruments are subsequently measured at a-norlizecl cost using the effective Merest method The Company recognizes gains or losses in the statement of comprehensive ircome when the fcancel lability is derecogrszed as well as through the amortization process 4.6.3 Derecognalon Finance' Satan are derecognized wren the °bloaters has teen paid, cancelled or expres When a financial 'laity is replaced tri another, the Company derecognizes the original and reccgnzes a new liaberty Differences that may result from these financial liability replacements are recognized through poet or loss when incurred F-450 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-0058727 CONFIDENTIAL SDNY_GM_00204911 EFTA01367199