EFTA01367268.pdf

Amendment #4 Page 839 of 868 lahir co 'bah 44 FInencialInstrumenb The valuation of the Company's enamel netrurnents s determined using the fair value or amortized cost method, as defined below Fair value-The fair value of a fnanctal instrument negotoled in an organized Anatol modal is detarnred using as reference the prices quoted in that Naomi market for regoliatons performed as of the date d the statement of financial position For financed instrument for welch there is no active financial market, the far value s determined usingvaluation technques Amortized cost—The amorteed cost is calculated using the effedwe interest method less any allowance for mpairment The catenation takes into consderation any award or dscount on the acquodon and irolucles the transaction costs and fees which are an integral pal of the effective interest rate. These technques include recent market transactions tetween interested hay Intormed pubes vino act Independently; references to the far value of otter substantially similar Martial nstrurnent and discoursed cash Sows a other valuaton models 45 Financial assets 4.5 1/mtew recognaonandmeasurement of foiancsai assets Franco' assets within the scope of I AS 39 Finance/ Instruments Recogndon andMeastmernert are classified as financial assets at far value through profit or Ices, loans and receivables. held-to-matunty investments available-for-sale fnancial assets, or as derivatives designated as hedgng InMninent. In an effective hedge, as appropriate The Company determines the casedicaton of es Nancol assets at initial reccgnition The Company city has accounts receivable and dentate Financial Instrument% with are described in Note 4 6 The Company 'Malty recognizes all of its financial assets at fair value etas costs caectly attnbitable to the transaction. except for financial assets valued at far value through changes in profit or loss in which these costs are net considered The Company recognizes the sesame or sale d financial assets on the date of each transaction, which os the date on which the Company commis to but a sell a financial asset 4.52 SuSsequare measurement a accounts reservable Accounts receivable are nonemeattve financial assets with fixed a determined payments that are rot quoted in active markets, and are 'misty recognized at the corresponding Invoiced amounts After inns' recogniton rotes and accounts receivable are recorded by the Company at amortized cost using the elleclwe interest rate method lees the alowance for impairment Gars or losses are rep:once:I in results when the accounts receivable are derecogazed a impaired, as well as through the amortization process 4.53Impaitment ca' finance! assets The Company assesses on the date of the statement of financial posocin whether t ere is any °elective evderce that a financial asset or group of assets is wowed A financial asset or croup of financial assets is deemed to be inpared it, and ony if, there is ctitecbve evidence of imparment as a resat of as or mere events trot have occurred aver the wool recognition of the financial asset, and that loss evert has an mood on the estimated figure cash flows of the Financial asset or group of financial assets that can be reliably estenateci Evidence or inpairrnent may induce indications that the debtors are experenang signrcant Ilranoai difficulty default a delinquency in rarest or principal payments, the prateday tret trei will enter tenkruptcy or Other financial reorganzatort and where observable data riacate trot there is a measurable decrease in the estimated future cash flows due to defaults on contracts F-519 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-0058796 CONFIDENTIAL SDNY_GM_00204980 EFTA01367268