EFTA01366960.pdf

Amendment #4 Page 531 of 868 shin iif wo The branch income une item represents pee-tax intone or loss generated in foreign pass-though entees inclose?e of permanent differences, me plied by the U S statutory rate. TeisIre item reflects me dale taxation of foreign income a loss which will occur as a resat of such ncorre or loss being street to tax bota in the foreign tunsilcton to which the entry relates as well as the U.S The U S statutory rate, rather elan me local foreign rate is tipped to this income or loss so that tre impact or tie rate referential between t e U.S statutory rate and tee virgin foreign rates can be separately shown in the line tern 'Foreign rate cheerersel' The foreign taxes me tern represent the future U S. tax ompacations associated with foreign tax expense or benefit generated in each foreign turisaction To ire extent a faegi Jurisdiction generates tax expense, that expense 4 OilersIN expeeled to result in U S. tax deductions in the future To tre extent a fixegn tirsdchon recognizes a tax benefit, that benefit is generally expected to result in en tierces* to U S taxable Income in the have Deferred tarn Tre tax effects of the major item recorded as deterred tax assets and baba« are (n assans) As of ~Amber 31, 2011 2013 Deferred tax assets Net operating loss canyforwards 5 38,901 $ 359 Asset ref cement odgations 644 9,332 Deterred foreign taxes 940 1,320 Mark to market hedging 5452 — Urreataed currency pertness 164 Total deferred tax assets 44 101 12 1 1327 638 Deferred tax to Or ties Roperty and equipment (12,W8) Mari to market hedging (5,110) Urretzed currency garvess (36 (1:3 184 36: — Taal deferred tax towhee (37,520) (17,888) Valuation ~wane* (9,265) (2.431) Net deferred tax hates $ (2,684) 2012(7,511) S ( Net operating loss canyforwards represent tax benefits measured assuming that the Company had teen a stand alone operating company site January 1. 3 below halts more bidy ran not that we wen rot generate suffidert taxable income to Mil» the deferred tax assets assooated with net opeatrg losses and have recorded a valuation aiowance agaret net deferred tax assets not apported by the reversal of exciting taxable temporary offerences. Acklitionally, the 2014 and 2013 tax years remain open to examination by the relevant tax authorities At Decanter 31, 2014, we have net operating loss carryfawards for U.S income tax purposes of 539,745 which are available to offset future taxable income, it any, over a twenty year period We rave net operatag loss carryforwarte for Malaysen income tax purposes of 521,276 whch are available to offset hive taxable income, 4 any over an indefinite period We have net operating toss carryfonvards for Sour Alncan "come tax purposes a 562.619 which are available to offset future taxable income. if any, over an indefinite period We have net operating loss carrytcnvards for Irden ncorre tax purposes of 52.974 which are available to offset future taxable income, if any. owr an rdefinite period to te extent of unabsorbed tax deprecation Any other F.211 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-0058488 CONFIDENTIAL SDNY_GM_00204672 EFTA01366960