EFTA01367205.pdf

Amendment tt4 Page 776 of 868 iahl,.;[. :41,“ 4.17.2 Estimates and assumptions Tre main assum~ns related to Mure events and other sources of estimates subject to variations as of tre reporting date, when due to their nature carry a mk of casing adjustmeris to the asset and labley aØ4 1n next years finame' statements, are presented bebw Fair value of financial instruments V,iren Ire fair value of Marcel assets and Martial liatalibes recorded in Inesteemen of financial post on cannot to dewed from active markets they are deWrrnined sung valuat on techniques including the asccunted cash haws model The inputs to these 'Tv:defs are taken Irani observable markets where possible, Dut where ths is rot f easstole a degree of judgmert S requred in establishing far values The Iudgmerts include consderations of nrchs such as handily risk credit risk and volatility Changes in assumptions about these variables =Id affect the reported fair value of financial (sat:Yenta Impairment of non-linanclalmats Tre Company estnates Nat here are no indicators of impairment for any of its ncn-firenoal assets as of the reporting date Operating losses Tre Company s commerce] actmties include the ease of land on *nth Ire project was established Based en an evaluation of the terms and cordt ore or the signed lease contracts, the Company has determined that it does not retara the risks and rewards et tre leased properties therefore, it nas ctassrfied the ease contracts as operating leases Development costs Tre Group capitalizes development costs ter a project in accordance with the accounting policy Initial tantalization of costs is based on management's judgment trek technological arc economic feasibility is corfirmed usual/ when a product development project has reached a defined mlesione according to an established armed management rnoiel In determining the am anes to be cap4alized management makes assumptions regarding the expected Mure cash generation of tre project discount rates to De applied and tre expected penod of beret as 5. Standards issued but not yet effective The standards and interpretations that are issued bil rot yet effect stel December 31 2014 are disChoSed below The Company intends to adept trese standards If applicable to es activues when they become effective IFRS 9Financia; Instruments In July 2014, the IMSB Issued Ire trial version of IFRS 9 Får181CIS Instrumeas witch 'erects all proses of Ire financial vlstrurrerls propel and replaces IAS 39 Financial Instruments Recconten and Areeswernent arid al previous versions of IFRS 9 The standard irtnxlrees new requirements for classification and measurement iMpairrrent, and hedge aocountng IFRS 9 is edeCtive for annual periods beginning on or after January 1, 2018 with early application permitted Retrospective application is required but comparatire information is rot compulsory Eany application of prevous versions of IFRS 9 (2009. 2010 and 20131 is perrritted it the date or into, application is before February 1 2015 F-456 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-0058733 CONFIDENTIAL SDNY GM_00204917 EFTA01367205