EFTA01367138.pdf

Amendment #4 Page 709 of 868 1:0/14/ .9t.fseme (td !madmen! d Jong-aved asset5— The Company reviews and evaluates the impairment of long -lrved assets when evens or °canonic charges indicate that the book value may not be recovered An inspairmert Ices e II* amount by which ene book value of lorgilwed asses exceeds the ret once or value in use, whichever a higher The net selling pnco is the amount the may be obtained in the sate of an asset in a free market while the value in use of an asset is the present value of estimated future flows expected to be obtained from the contimious use of an asset and its disposal at ene end of its useful lie An impairrrent loss recognized in poor years is reversed if a change occurs in the estimates trot were used last time in which such loss was recognized fa Pax/aeons— A provision is reccgntzed wren the Company has a present liability (legal or cors uctme) as a result of a past event, t is probable that an ixtlow Cl resources &Tito:ring economic benefits will be (enured to settle the hatch, and the arrant of the obligation can be reliaby estrnated Provisions are reviewed periodically and adjusted to reflect fine best estsmate as of the date d the staternent of Hoare el position The expense reteng to any provision is shown on the statement of comperenstve income If Tie !me vane of money s material, provisions ere discounted using a pretax rate that reflects when appropriate the nek specific to the liabikty. Won the d scour! is made the increase n the provision due to passage of tare el recognized as rcerest expense n tre matemerc of ooncrenenave scone Cotreencies— Contirgenl labilees are recorded on the financial statements when it is probable that they are corlurrued in time and can be reliably measured possible conberroes are not recognized in the financial statements These are disclosed in octet to the financial steernents unless the Possibtity of an outflow of economic benef es is remote COntirgent assets are not recognized in the financial statements but are &AMOS when an Maw of economic tenefts* probable (14) Revenue n9CCgmhan— The Company recognizes revenue when the amount can be reliably measured, Cis probable that economic benefits will flow to the Company and meet specific creena for each type of income described below It is considered that the amou-4 of revenue carrot be reliably treasured until all COntsigendeS ',Wed to the see have teen resolved. Revenue is reCdriZed as brows Sale of energy are power— Reverces from sales of electrcly and power dowered untilled are recognized as income n the month in which the sennce is provided based on the reports cif the Committee on Econornc Operation of COESSINAC National Grid. which are issued a month 'her the delivery of energy Sales of energy from Renewed° Energy Resources (RER) include a premium established under the RER contracts (see note l(b)) (0 Tares— Current income lax— Current income tax asset or satosty is measured al the amount expected lo be recovered from or paid to the taxation authorities according to the existing rules fcr deierITIfflelg taxable income The income tax is calculated based on the Company's finance! iricaretiOn F-see http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/20 15/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058666 CONFIDENTIAL SDNY_GM_00204850 EFTA01367138