EFTA01367176.pdf

Amendment #4 Page 747 of 868 bible a torment% 4.9.1 Revenue from energy sales Revenue from energy saes is recognized in tie period in whch energy a delivered to ICE Revenue from the electricity generating sweetly a recognized in the period in whch 'web capeOty is made available to ICE. No revenue * recognized if there are significant uncenamtes regarding recovery d the amount due and assooated costs 4.9.2 Interest Income from financial Instruments Revenue arising from financial instruments is reccgwed in rent on to the passage of lime. calculated over the average monthly balances for the invested principal, aPPtling the effects* interest method 4.10 Taxes Deferred tax assets and deferred tax liabilles are offset if a legally thlomeatte right exists to set off current tax assets against cirrent hone tax liabilities and the deferred tax assets against current insane tax tabbies and the deferred taxes relate to the same taxable entey and the pine taxation &Monty 4.10.1 Current income tax The Company celcvtates income tar by applying adjugrnents from certain items affected by or sutreci to income tax in conformity win current tax regulatons Current tax, corresponding to present and prior periods, is recognized by the Company as a liabilty to the extent Met it is not settled dine amount already paid, when corresponds to present and poor pence's, exceeds the amount payable for those pervade ate excess a recognized as an asset 4.10.2 Deferred Income tax Deferred inowne tax is deternened by applying de liabity MethOd dal temporary diderenCeS existirg between the asset, liability and net equity tax Case and the annues recorded for financial purposes as of the date of the statement of I nencuel poedon The deferred income lax is calculated using the tax rate expected to apply to the penod when the asset is reakzed or the liablty is settled Deferred tax assets are recognized only when there is reasonable probability of their realization. The carrying amount of deferred weenie tax assets is renewed on the date of the statement of financol position and reduced to the extent that it is no longer probable that sufficient taxable income will be available to slow all or part of the deferred income tax asset to be utilized Likewise. on the closing date of each financial period, the Company reassesses the unrecogneed deferred tax assets to the extent that it is probable that fulize taxable income will allow the deferred tax assets to be recovered 4.10.3 Sales tax Revenue from sales is recorded by the Company at amounts net of sales tax, and a kat:day is recognized in the statement of finanoal postern for the related sales tax arrant The acquistran of assets and expenses we recorded by the Company for amounts net of sales tax ( these taxes are credited in favor of the Company by the tax euttenbet recognizing the accurrotaled amount receivable in the maternal or financial posited, Wien the sales tax is rot credited, tie Conyony includes the tax as part of the expense or the asset, as appropnate F-427 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-0058704 CONFIDENTIAL SDNY_GM_00204888 EFTA01367176