EFTA01367097.pdf

Amendment #4 Page 668 of 868 1:0*..91..(.M cot, The accourting polices adopted are consistent with poioes applied in previous years, except for the new IFRS and revised RS that are mandatory for periods beg wing on or after uarkery 1 2014 in wroth the Company has adopted. however, due to tie structure of the Company and nattre of a operations the adoption el nese standards had no signifcant effect on its martial positon and testes of operrnion, therefore. it has rot teen necessary to modify the comparabve fine noel statements of the Company These new IFRS and revised IAS are described below rAS 32 F:na,c Instruments PresentUon-0ffsetting Ftnare•at Assets and Frnancialbabarbes (Amendment) Defines the meanng of 'currently has a legal nght to offset criteria and meats nsms for non-simultaneous solution clearinghouses for entelerrerit to offsettrg moclefelion Aciationalty, Iris amendment (Stinnes het to offset two or mere instruments financial insblubons should have a right to offset that carrot tie conditonea on a Azure event and should be mandatory the following cecumstances (I) tre normal course of hostess to) in tre evert a default and (ii) n the event of insotbercy or bankruptcy Of the eddy or any of the otoureerpartes rAS 36 imparmant of Assets (AirordrnanfS) These amendments elimnate the unforeseen cordequences of IFRS 13 on the dedosures required by IAS 36 In addhon. the amendments also recite° dtscloeufe of recoverable amounts of the assets or castegenerabrig units for which an impairment loss is fecocrurzed or when reversal{ have teen recognized in Ire Period OAS 39 Natalon ornery.% anICONmuly othedge accouning (Amenctnents) These arnendrrerts provide an exception to daccotroe hedge accounting when the noratco of a derivative designated as a hedging instilment that meets cedar) cnterd is given • IFRIC 2f Levies IFRIC 21 clarifies that an entity recognizes a liability for a levy wren the achvey gmng nse to the payment as identified n the relevant legistation. performed. To a levy trot is activated when a month-Len threshold, the inter veteran clautos thy no liability staid be ar4iopated before reacting the rmnunum I treshoe specified Note 4 includes information atm.( the pigments, sgnecart accocrong est mates and assumpbons used by Management in the preparation of the accompanying Inancial statements 3.2 Summery of significant accounting plInciplos endpacks— Sgroficart accounting policies used by Management for t re preparation of fnancial statements are as fellow (a) Cash and Cash entaa‘entS— Cash are cash ect,:tvalents presented in the statement of financial posit on ccmprses cash balances and ciorent bank accounts and snort-team deposits with &Igoe] motihties less than three mortra For psposes or preparing the statement of cash bows, cash and cash equivalents include Cash arc Short-tenr deposits derred above F-348 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-0058625 CONFIDENTIAL SDNY GM_00204809 EFTA01367097