EFTA01367235.pdf

Amendment #4 Page 806 of 868 lefer.0.(:59 mr 44 Franc/al inattuments The valuation of the Company s financial instruments a relented using the fair value or amortized cost as defined below Fair value -The fair value of a financial instrument negoteted in an organized financial 'Terkel is determined using as reference the prices quoted n that financial market for negotiations performed as of the date of the statement of financial position With respect to financial instruments for which there is no active financial market, the far value is determned using vakolontechnques Amor:bed cost - The amortized cost is calcUatel using Ire eller:Awe interest method less any allowance for impairment The cakulabon takes into conederabon any award or discount in the acousition and includes the transaction costs and tees which are an integral part of the effective interest rate These technques include recent market transactions between interested fully informed parties who act independently. references to the far value of another sutstartary smut trance! instrument, and discounted cash flows or other valuaton models 43 Mond& asses 45.1 tantst recognition end MOISICIMMOM Of hamlet assets Formal assets within the scope of IAS 39 Fmancrar Instruments Recto/non and ASsosunemenf are classified as financial assets al far vane through peon or loss. loam and receivables, held.te maturity rwestments, avairabletor.sale !mance] assets or as derivatives designated as hedging retrirrents in an effective hedge, as appopease The Company determines the classd'itaton of its financial assets at inmal recognecn The Company only has ryes and accounts receivable The Company newly recognizes all of its financial assets at fair value pee costs dreary attnbutatre to the transaction, except for financial assets valued at fair value through profit or loss n whch these costs are not considered The Company recognizes the purchase or sale cf financial assets on the Cote of each trareacbon, which is the date on which the Company commits to buy or sell a financial asset 4.52 subsequent measurement of notes and accounts receivable Notes and accounts receivable are nonderwative financial assets wen fixed or determined payments that are not quoted in active markets. and are Melly recognized at the corresponding invoiced amouls After Intel recogniton notes and accounts receivable are recorded by the Company at amortized cost using the effective rterest rate method less the allowance for impairment. Gans or losses are recognized in resits when the accounts receivable are derecoarded or impaired as well as through the amorteaton process 45.3 imps/anent of financial assets T re Germany assesses of the date of the financial statements whetter here is ae objective IMOINICO that a financial asset or group of assets is impaired A financial asset or gouda firencel assets is deemed to be impaired it and ore, a, there is obectwe evidence of mparment as a result of one or more events that have occurred after the initial recognition of the financial asset and that loss event has an impact on the estimated future cash haws of the financial asset or grog, of finarcaI assets that can be reliably esomated Evidence of impairment may include rotations flat the dettors are evpenercing ssanfcart financial Officulty, default or delncsancy in interest or principal payments. the probability that they will otter bankruptcy cr other financial reorganizaton. and where observable data indicate that there is a measured, decrease in the estimated fiiure cash flows due to defaults on contracts F-496 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-0058763 CONFIDENTIAL SDNY_GM_00204947 EFTA01367235