EFTA01367173.pdf

Amendment #4 Page 744 of 868 I Alt CoIntel% Fair value-The fair value of a financial instrument negotiated in an organized financial market is determined using as reference the prices quoted in that Mental market for regalia: ors performed as of the date of the statement of financial position Vath respect to financeI instruments for which there is no active financial market, the fair value is determined usrig valuaton techniques. These techniques nude recent market transachens between interested fully informed parties who act independently. references to Ire far value of another substantially similar financial nstrunent. and *attuned cash flows or oMer valuaton models 4.4 Financial assets 4.4.1 Initial recognition and measurement of financial assets Financial assetsvabn tne scope of lAS 39 FinancedInstruments aocconf On and SeeaSunarnent are Clanged a financial assets al lea value, though profit o lost loam and receivables. held-to-molunty sweslmeMt available-forsa le frontlet assets or as clefivatwes designated as hedgng nstruments n an effective hedge. as appropriate The Company determines the elastication des financial assets at intuit recognition The Company initially recognizes all of its financial assets at fair value plus costs directly attntatable to the trarsacbon. except for financial assets valued at fair value through profit or loss in which these costs are not considered The Company recognizes the purchase or sale d financial assets on the date of each transaction, which is the date on wroth the Company commts to bur a sell a financial asset n addition to cash the coircenys financial assets =respond to accounts receivable 4.4.2 Subsequent measurement of financial assets Tre subsequent measuemeN of ?mantel assets depends on their dassitcation as described below Accounts receivable Accounts receivable are nonderreathe financial assets with laced or determined payments that are not quoted n active markets, and are mealy recognced at the corresponding invoiced amounts After Intel recognitort accounts receivable are recorded by the Company at amortized cost using the elective interest rate method less the allowance for irmerrners Gains or losses are reccgneed in results when the accounts recervade are dereccgnaed or impaired, as well as through the arnondation process 4.4.3 Impairment of financial assets TM Company assesses on the date of the statement of financial pennon whether there is any otiecthe evidence that a franca! asset or group of assets is impaired A frontal asset or group of Mentor assets is deemed to be noted if and tiny if, there * otyecove evidence of irnparment as a resat oi one or more evens that have occurred alter the real recognition of the financial asset, and that loss even has an impact on the estimated liture cash flows of the financial asset or grow of frontlet assets that can be reliably estenated Evidence of mpairment may include indications tret the debtors are experiencing sgnecant financial difficulty, default a delinquency in interest or pnnapal payments, the probate fly that they will enter telotptcy or other financial reorganizaton. and where observable data indicate that there is a measurable decrease in the estimated Mute cash flows due to defaults on contracts F-424 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-0058701 CONFIDENTIAL SDNY_GM_00204885 EFTA01367173