EFTA01367267.pdf

Amendment #4 Page 838 of 868 Annual Improvements 2011-2013 Cycle In to 2011.2013 annual improvements cycle, tre I AS8 issued lov arnendrnents to far standards, which included an amendment to IFRS 1 First-rime Adcpaon or International FM-30CW Reporting Standards The amendment to FRS 1is effectwe immediately and, thus, tor periods begnnng at January 1. 2014, and crannies in the Bass for Conclusons that an entity may Ch00(10 to appey ether a avant standard or a new standard that s not yet mandatory, but permits early apgication, provided eater standard is applied consistently throughout ere periods presented in ere entity's first IFRS financial statements 4. Summary of significant accounting policies 41 Currency anti foreign currency transactions 4 2 I Funcbonal and presontabon currency of the &lance*. statements Crest adopted the US dollar (S) as the funcbonal and presentation carency since it better reflects the events and transactors trimmed by the Company Adoption of the US dotter as functional currency was based on the blowing facts that ere capital was contntouted n USS dollars. Capital expenditures were mostly paid in seed asrency. (inure revenue from energy we be earned in dollars, deb( of egabons are denominated in dollars capital contribitions are made in &ears. and certain opeiatng costs and expenses am also incurred in that currency Information relating to exchange regulations and rates is included in Note 22 Considering trot the accounting records we kept in Costa Rican oolong (5) and tat ere US dollar was adopted as the faotional currency, asses and liabilities denominated in foreign currency were translated into the financial statements' furchonal curiency using the exchange rate ruling on the date of the statement of financial position Non-monetary tens measured on a histoncal cost bliss were converted on the date of the statement or financial position using the exchange rate Nino on the original transacion dale Income and expenses are converted at the exchange rate in effect on to transaction date 4 I 2 Transactions in foreign currency Transactors in foray, currency, any currency firer than the functional currency, are recorded at the exchange rate ruling en the transaction date In determining es financial positron and income, the Company appraises and ackusts its assets and Isbabes denominated in foreign currency at the exchange rate ruling on the date of the vahJaton and deterrnnaton Exchange differences relating from the application of these procedures we recognized into results 01 the period in whch they ocher 42 Cash Cash s comprsed of Cash on-hand and in barks 43 Restriched Cash Restncted Dark account balances are not considered ether uniestncted Cash balances or cash equivalent balances for the purpose of the statement of Cash flows They are presented in the accornpanyng statements of financial pennon as 'restncted cash' and are presented as current or non-rxrrert assets given managements expectation that they we be withdrawn for their defined psposes wirings coming twelve-month period or otherwise Net charges in such restricted cash balances are dassdied as a financing activity in to statement of cash flows based on the regalement for them under the debt ageements F-S18 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-0058795 CONFIDENTIAL SDNY_GM_00204979 EFTA01367267