EFTA01367066.pdf

Amendment #4 Page 637 of 868 lailit.91.5.2.tatFeb 12. Accounts payable Accents paya compose Docamber 31, Decamber 31, figures In ZAR -000 2014 2013 Trade sec tors 7 451 — REV.34X1 parnes SunEdson Green Power Southern Nnca Proprietary United — 223 954 SEGP Solar Power Southern Alnca Proprietary Umrted 3 240 - SunEdson Energy Southern Africa Propretary limited 13 358 18 649 24 049 242 603 13. Asset retirement obligation The Operating Entities recognized batistes for asset retirement obligators (ARO51 for their solar energy systems, from to date fret construction commenced The ARO liability is esarneed based on the sue of the prciect and the estimated cost of dismantling and is accreted over the remairxier of the lease term of the land using a aedterausted risk.free rate of 10 4% and 109% for the years ended December 31, 2014 and 2013 respectively The asset retirement odigancen for the years ended December 31, 2014 and 2013 are as follows December 31, December 31. Figures in ZAR 100 2014 2013 Balance at the begnnng of the year 14 671 — Recognition d bablity 26 613 14 671 Accretion expense 2 707 — Balance al the erd of the year 43 991 14 671 The far value of the ARO was estimated based on techniques that made use of third parry data and management judgment The Operating Entities cb not have any assets that are legal)/ restricted for the purpose of settling the asset retirement oblgaticns as al December 31, 2014 and 2013 14. Power energy revenue The Operating Entities entered into PPAs with Eskom a state owned entity in accordance with the PPAs, the counterparty acquires the lul output generated by the pant on an 'es available' basis December 31, December 31, Figures InUR 1330 2014 2013 Revenue earned from power sales 159 582 As the quantity to be sdd under the PPM is based on the power parts' actual ocfp41on an 'as available bests', the Operating Entities considered all payments as contingent rent (i e ccrtingent on generation) The cost, aceunuteted &Tee:aeon ern carrying amount of the property, plant and equipment used as pan of the PPAs, for the years ended Ilerwriber 31, 2014 and 2013, has been disclosed in note 6 F'317 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-0058594 CONFIDENTIAL SDNY GM_00204778 EFTA01367066