EFTA01367103.pdf

Amendment #4 Page 674 of 868 tish_fr..0 Cepf.smi money and the nib ipecac to the asset. n determining far value less costs to sell. recent market transactions are taken rt0 account t available If ro such transactions can be identified an appropriate valuation model s used These calculations are corroborated by valuation multi lees, quoted share prices for publicly traded subeidones or other available far value indicators. The impairment losses are recognized in the statement of moire That assessment requires cenan estimates aril assumpons such as saline of projects, investments working capital tolgets discount rates, list prices and wetting costs As d December 31, 2014 and 2013. the Company's Management believes that there es no evidence of operational and/or economic that indicates that the carrying amount of machinery and equipment and intangibles (enrol be recovered (g) Sofrowing costs— Darrowing cats that are directly annbAable to the acquisition. construction or production of an asset that recessany takes a substantial period to make it available for its intended use or sale are capitalized as part of oast of lre respect we assets Mother borrowing costs are expensed in the penod incurred Borrowing costs include interest and other costs that an entity rcurs in connecbonvnei the celetraton of the respectne loan agreements Pionsons— A provision is recognizedwhen the Cons:any has a present liability (legal or constructwe) as a result <gapes' event. t is probable that an conow ct resources embodying economic benefits will be requred lo settle the tabety and the amount of the obligation can be reliably est•nated Provisions are reviewed periodically and actuated to reflect the best estimate as of the dated the statement of firenctal position. The expense relating to any provision is shown on the statement d comprehensive income If Me woe vaue of money is rretenal, provisions are discounted using a pre-tax rate that reflects, wren appreciate, the risk specific to the liability Wien the discount is made, the increase in the provision Oise to passage of time is recognized as interest expense in the statement of confehenswe income Cairogences— Liabilities are recorded in the frenial statements when it is probable that trey are confirmed in time and can be relied/ measured Possible contingencies are not recognized in the financial statements These are disclosed in notes to the financial statements. uness the possibility 01an oudlow of economic benefits is remote Contingent assets are not recognized in the financial statements tut are disclosed when en inflow of economic benefits is virtually certain. 01 Revenue loco;Mon— The Company recognizes revenue when the amount can be reality meascied ills probable that economic benefits win flow to the Company and meet ;pectic cntero for each type of ncome. F.354 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-0058631 CONFIDENTIAL SDNY GM_00204815 EFTA01367103