EFTA01367048.pdf

Amendment #4 Page 619 of 868 lehir of Cement% The for bwirg lade details the serattorty of the expected vanabon of 10% of the exposure to the rates of ',west on financial assets and rebates as of December 31 2014 This percentage's the average rate sense:ray teed to intematly present nsks to key management persornel and corresponds to managements assessment of the possible changes n these rates Impact on Income and Risk MD — Faeroe' assets Snort-term investrrerts CDI decrease (264) Restncted deposits CDI decrease (1328) Fearcel liabilities Borrowings TJLP ncrease (5.237) Liquratty risk—Liquidly risk is the risk associated with the Group's ability to meet its obligations underlys-g its financial habibes Cash flow Iron, operabrg actwities provides the rules to service financsal liabilities on a day4o-day basis The Group enters into borrowings soapy bo beverage its operatng capeoty This assumption is cortrmed based on the charactenstcs of the Groups borrowings ',he tale below sets oil details of the Potgations assumed by tne Group according to the contractual maturities of its financial habitues as CI December 31. 2014, twang into account principal and interest. based on the undiscounted cash flows, considering the earliest date on which the Group may rove to settle the respective obligation Weighted average interest Less than 1 month to 3 months 1 year Over Financial instruments Note rate 1 month 3 months to I year to 6 years 6 years Total Borrowings 8 7,02% 5.867 11.735 52613 348,532 553.012 971,953 Trace payables 16,460 — — — — 18,460 Total 24.327 11.735 52.813 348.532 563.012 990,419 Credit Mk-Credit risk is the ask of financial loss to the Grow that a counterparty will not meet as obligatbns Lnder a France' instrument cc customer contract The Company is emceed to credit risk from its operating activities (pnrcipally. trade receivables) and is rrwestng &Ode& including deposits with tots and financial instrtuans. and other finance] instrumerts Carmine amount Combined Note 1241/14 12/31PIS Financial assets Sent Shon-temi invesenents 4 24.477 40,587 Trade receivables 5 71.475 20 821 Short4erm nvestn-ents—Credt nsk from balances wrth tend and financeal wettutoresmereged by the Groups treasury depertrrerd n accordance veal the Group's p:Ecy liwestrnents of wipes funds we rrede only with approved counterpane and within creek units assigned b each coureerierty F.299 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-0058576 CONFIDENTIAL SDNY_GM_00204760 EFTA01367048