EFTA01367236.pdf

Amendment #4 Page 807 of 868 1140.* 0.cp0.•rt impairment of financial easels recorded it amortized cost Wien the Company determines that it has incurred in an enpairmere loss in the vak,e of its financial assets earned at amortized cost c estimates the loss amount as the cirtbrence between the asset's carryng aware and the present value of future cash flaws discounted at the financial assets original effective irterest rate. it deducts the bss from the assets carryrg amount and recogrees such loss in tre 'eves of the year n wtsch it occurs d, in a subsequent period, the amount of the loss due to impairment decreases and may be objectively related to an event subsequent to the recognition of impairment. the imparmeM loss is reversed. Once the reversal is recorded the carrying amout of the from* asset carrot exceed the ongnal amortized amount The amount of the reversal recogneed in the resits of the year n which it occurs 4S4 Chrecognttion of financial assets France' assets are derecogneed by tre Company when the rights to receive cash lbws from the asset have expred, or when the financial asset is trareferred along with its inherent risks and benefits are cortrackel nghts to receive cash flaws from the asset are surrendered or wren the Company retains the contractial rights to receive cash flows and assumes the obligation to pay them to one or more pubes 46 Financial ilablittles 46.1 Initial recognition and measurement Francei sashes wenn we scope of I AS 39 are c landed as finanoat habithes at fair value through profit or loss, loans and borrowrgs, or as denvxmes devgnated as hedging instruments in an eNectme hedge as appropriate The Corry:erry determines the classificabon of its fnancial kat:slit:es at Intel reoogntion Eolo recograes all financial tetanus neatly at far value on the date ce acceptance or ccreracting of the liability pus, in the case of loans and borrowings directly attributable transaction costs Ire Company's financial Satiates include notes and accounts payable, arid acuued expenses 46.2 Subseeuent measurement ofnotes and OCCOUMS payable, and accrued expenses After motel recogrhan. these financial liablites we plosequenity measured at amortized cost using tre effect we interest rrethxl The Company reccgrees gains or losses in the statement of comprehensive income when the financial liability is Cerecognized as well as through the arr.:mean:in process 46.3 Clerecognition Franco) liabilities are derecognizod when the oblgotsp has been paid. cancelled or expires When a finoncel lob' ty s replaced by another, the Company derecognizes the orgnal and recograes a new babe ey Differences that may result from these financial liability replacements are recognized through profit or loss wren incurred 4.7 Inventory 47.1 Spero pate inventory Inventories are valued at the WAN of cost end net realizable value on a wegated average bans 47.2 CertifiedEmission Reductions (CM) The Company recognees CERs in accordance writ, IAS 2 Irmantery Decalse they are held for sale in the ordrory course of tussles. CERs are meowed, 'Melly and stbsequenty, at fair vacua. F-4B7 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-0058764 CONFIDENTIAL SDNY_GM_00204948 EFTA01367236