EFTA01367007.pdf

A mendm ent ir4 Page 578 of 868 es ir idit, Honiton Energy XIL Holdings Limited and Honiton Energy BAV Holdings Limited Notes to the combined financial statements (Amounts In thousands) 1. Nature Of operations, significant concentrations and riaks bakre of opmarons ~on E nergy XIL Hote/res Limited ('Homon ML') and Homon Energy GAV Holdres Limited r Homen GAV"), each cl whichwas incorporated in 2008 in Hong Kong Speciel Parninistraticn Region gre 'Hong Kong' or SAR'), *vagn [heit ri-speedet whDlIticemed suteidanes. Honiton Energy (blresole) Co, Ud (Fkaton »aude -) and Mangan Energy (Bactou) Co., Ltd ("Hormon &mod) (colleouvely rederred to hereinalter as Me 'Cornbred Enter). are gnage*/ ergaged m avelopirg, constructng, emning and operatingvond energy protects in the Peogles Republic d Ovre (PRC"). As of December 31, 2014. the Corained Ertery dennes a total capecity of 145 5 megawatt* (MW) power <Mimt In operativ) kcated in ra« Mongol.. FRC. includirg Baier /an wire larm Pisse I, Barme° wind farm Frese II and Xreiu wind larm Phese I ROMMtle tonearta:bon Tre Combined Ertity <ternes all ds revens from its sote datorar. Mnd Mongolia Power (Gom>) Co.. Ltd., for the wrsd power cbmatched n Inner Mongolia. The Combined Eaty expeds revenue% horn tre customer to avenue to represent a substarbal porten des revenue in the Mure. My fada, sotersery affectrg the vand power industry in the PRC or the business operation of the oustomer ml heve a meteret Med on the Combined Elly s beinets, handa) posten and redes d operatons 2. Summar/ ot significant accounting pohcies e Ofser resenta6on The accomponyng combned Marter statements nave teen prepared in accordana wtei U.S. generere/ ars:eplet) accounting plantes ('US GAAF). tkniton XIL and tienden BAU vere urder the comnscn Ød of l-katon Energy Caymana Limited ('RE ') damg the years endel December 31, 2013 and 2014 Acoordingly, the ornbried hnarcial staterrents nclude the combined results of operator-es and te vomord francsal poeten d1) Horet:n )0L and a wholly cread PRC subscliary. Honan Mirguete and 2) landon BAV and ds wroiry ~ned PRC sutmehary, Hondon Badnu. For tre porpose ofte corrbned statemerts of Mareridders deficit the amourts of reported share capsal ard addional padin capsal represent the &negere of the dore tagd) and ~tonal gardin vedtel of ~on Xit. and Honeon BAV Tre accompanyng combned Marter Statements vere prepared on a °Deng ~eten basis, whidi ~templenes Me realtrabon of assets and tre sansfaction of laddes in the rormal course of business The realgat on of assets and the satis:action of halenes in tre normal course of disiness are dependert on among orar dengs, me Combined Eratys antiry to opera» prOfitably. to ramle tunn:un from operatonS and the Canbned &flin eDllaY to Pysa allercdtwe harKl09 arrangements to support res verking tagal requiremenra Dunrg the plata *Med Geleene», 31.2013 are 2014, tre COalbred Erdity has sittered net loss of USS4.731 ard US51.230. respectwely. As of December 31. 2014. the Canbined Enbry had a spareholders deficit of USS31.344 F-255 http://cfdocs.btogo com:27638/cf/drv7/pub/edgar/2015/07/20/0001193 I 25-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058535 CONFIDENTIAL SDNY_GM_00204719 EFTA01367007