EFTA01367179.pdf

Amendment #4 Page 750 of 868 tialgr.21. (ter an • IFRS 3 Business Combnabols. The amendment is applied prospectively and dunes that an oorangert considerate[ airangemeres dander] as [abates (or assets) arising from a baness combnaton should be subseguerdy measured at far value through prole or loss whether or not they fall within the scope of IFRS 9 (or IAS 39. as applicable) • IFRS 3 Sunless Comore:Ices The amendment is applied prosµctvey and cartes for the scope exceptons wrthn IFRS 3 that a) pint arrangements, not rust sent ventures are outside the scope of IFRS 3; and b) tris scope exception awes only to the accounting m the financial statements of the pint arrangement itself • IFRS 8 Operating Sogmenra The amendments are applied retrospeckvely and cbi lies that a) an erety must disclose the judgments made by management in applying the aggregm on alters in peragraph 12 et IFRS 8, including a brief &sonmon of operating seghems that have been aggregated arid the economc characteristics (e g sales and gross margins) used to assess wtetter the segments are 'similar'; and b) the reccetiliabal of segment assets to total assets is only regured to be disclosed if the reconcriabon is reported to tie chief operabng decision maker, smiler to the regurei disclosure fa segment liabilities • IFRS 13 Far Value Measurement The amendmect a applied prospectively and clarifies Wet the portfolio excepton n IFRS 13 can be ameed not only to financel assets and Manual kabala, but also to other contracts wrthin the scope of IFRS 9 (or IAS 39, as applicable) • IAS 16 /Deviltry. Flag and Equipment and IAS 38 Inlengebte Assets. The amandrreft is applied retiospecbvery and ClEtteS in IAS 18 and IAS 38 Oat the asset may be revalued by reference to observable data on either the gross or the net carrying amount n addban the accumulated depreciation or amortization is the difference between the gross and carrying amounts of the asset. IAS 24 Related Party DiscOsures • (As 24 Reqtel Parry O$O0StriSe The artlefidilleft a applied retrospectively and Panties Vet a management entity (an enaty Mal provides key management personnel servals) is a rotated party sutied to the related party dSciosures In addition an gritty that use, a management entity is required to disclose the expenses rowed for management services • fAS 40 areestment Property The description of ancillary services in US 40 dfferertiates between investment property and owner-occupied property (i e.. property. plant and eguipnent) The amendment is applied prOspeClwely and arches that IFRS 3, and no( the description of ancillary services in IAS 40, a uted to determine if the transaction is tit purchase el an asset or Dueness combination The Company has not yet evaluated to impact that the atorernenh:ned new accoureng standards will have on es financial statements S. Cash 2014 2013 Cash in bards and on hand Banks $ 014,600 S 340,813 Petty cash 924 1,000 $ 916,424 S 341,813 Cash deported el teak accounts earns interest based on defy rates detennined by the corresponding banks Ascii December 31, 2014 and 2013. there were no resinctons on the use of cash balances. F-430 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-0058707 CONFIDENTIAL SDNY_GM_00204891 EFTA01367179