EFTA01367117.pdf

Amendment #4 Page 688 of 868 Tyner, i4 Co?M.nt. (d) Correspcncts to a subordinated loan from Latin America Power Peru SAC granted in .Ane 20, 2014, for LiSS6 000 001) (equivalert to S/ 16,848060) with effective irlerest rate of 15.5 percent to be repaid wan future flows that are credited to the trust account the company it is worm maiming that the ban was granted in order to cover cans and preccerating expenses, commisscas and other construction costs related to the development and implementation of Runatdlo II and Ill RunatOb HydoeleCtre Plaits The loan does not have a specific maturity date The fmantel expenses generated by such loans during 2014 arrouded to Sr 535.909 and is presented under the caption 'Financel expenses' in the staterrent o/ comprehensive income 20. Transactions in foreign currency Operators in foreign currency are performed al free market exchange rates As d December 31, 2014 and 2013, the veered average exchange rates of the free market pubbshed W the Superintendence of Banking Insuanoe and Private Pension Funds Administrators ises) for transactions in U S dollars were S/ 2 981 (buy) aid 6/2 989 (sell) (S/ 2 794 (buy) end 5.2 796 (sell), as of December 31, 2013) As of December 31, 2014 and 2013, the Company held me foloverg assets and "abates in VS dollars 2014 2013 US$ US$ Assets Gash and cash equvaleris 1,623,164 4,778,482 Other accounts recanted° 1354 Accourts receivable from related panes 20,278 2,072,622 1,645,196 6,851,104 Liabilities Finanoal ottgatens (59682,182) (38,663,900) Tray accounts payable (155,291) (4,937) Accourts payable to related enttes (5.061 592) (3.518 155) (65,092.065) (42,506,992) Net liability positron (63.463.889) (35.695.888) As Cl December 31, 2014 and 2013 the Managernert of the Company has decided to take tte risk of ins posmon, sot has not used demesne irstrumerts to cover the exchange rate risk. riving the year 2014, the Company has recorded a nel exchange difference loss amount® to 5/ 11,550,177 (loss Cl St 1.589,065 dung 2013), which is presented in the 'Exchange deference, net' canton in the statement of oomprerenshe income 21. Financial risks management The esthetes of the Company expose d to a variety of financial risks, including the effects of vacations of exchange rates. credit and beticity The risk management program of the Company tries to minmcre the potential eaterse erects on its financial performance F.368 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-0058645 CONFIDENTIAL SDNY_GM_00204829 EFTA01367117