EFTA01367278.pdf

Amendment #4 Page 849 of 868 lebir.sr.cc!! on As of December 31, 2014 the Company accrues a hablity for construction costs of USS10,846.303 (2013 US$0) (Note 13) over completed construction work for which the subcontractor (Gamesa Note 21 3) nes not yet treed the Company as of that date Management has est mated the overall percentage ce corrpeton of the Project to be 90% as of December 31. 2014 (2013 5%) ars also expected that the Prciect wit begin operations by the end of the t red quarter 2015 Construct on revenue corresponds to constiuclon costs paid to thrd catty %A:contractors plus revenue associated to voiea management activities performed by the Company Finance costs of USS2,349 740 were captalized in 2014 (2013 UWO) with respect to the Project constructor based on an average effectrve interest tale of 6 18% (2013 0%) of the corresponding loans Warned to fnance Panel ruCtreil 9. Project equipment Machinery Furniture and and araulomant llerairment Vehicles Total Cost As of December 31 2012 S — S — Addr: ens 95 004 95,004 AS or' December 31 2013 95.004 95.00-4 Act:Mons 6.337 1313,947 247.380 392.6014 Relroments — (88) — (88) As of December 31 2014 S 6.337 S 233.883 5247.380 5487.580 accumilated depreciation As of December 31 2012 3 r. Depecation _ 345 345 As of December 31 2013 - 345 - 345 Deprecation 296 26,915 22,440 0,063 Relrements - (13) - 03) As of December 31 2014 $ 296 S 27,247 9 22,40 $ 49,9136 Carrying amounts As of December 31 2013 S 94 659 - S 94.669 As of December 31 2014 S 6.035 S 206.836 9224.920 $437.9$ 10. Fair value of derivative instruments Tre Company uses an interest rate cap to hedge its variable interest rate exposure of the Company's loan with BICSA (Note 11) Under the interest rate cap agreement collected IN the Company on February 11, 2014, it pays merest at a var tie rate and racemes a faced rate in instances where the variable interest rate is above a given cap fate. both in relation to contracted notional amounts Ins derivative financial est rumen! nas been designated as a hedging nstn.rnent and has been assessed to be highly effective as of the date of the fire noel statements. Tne far value of the interest rate cap arnicurts to US$426,296 as al December 31, 2014 and tre change n fer value from inception to that date was a gain for the same arrant that is recognized in profit or toss as the instrument was otx-of-the money as of that date F -529 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-0058806 CONFIDENTIAL SDNY_GM_00204990 EFTA01367278