EFTA01367134.pdf

Amendment #4 Page 705 of 868 Impairment of financial assets— At the end of each period under report re Company assesses whether there is any cbiectwe evidence trot a financial asset or group of financial assets is impaired in value A financial asset or group of financial assets is considered impaired in value only if there is ottfective evidence that there was a loss in value as a result of one or more events this occurred after the Initial recognittn of the asset (the 'even! that causes loss. ). and the event that caused the loss has an impact on the estimated hide cash flows generated by ace financial asset or group of Ina/coal assets, and that impact can be reasonably estimated Evidence of impairment may include. among of tels. evidence that the debtors or a group of debtors are expenenoro significant financial diffculty, default or celnquency ri payments of debt principal a Interest Financial assets carried al amortized cost— For financial assets carried at amortized cost, the Company I rst assesses whether °treaty° evidence of impairment exists. inclivdvalty for financial assets that are oximdually averocanl. a collecterety for financial assets that are rot individually significant It the Company determines I hd no ottectwe evidence of impairment for a financial asset evaluated indwidually regardess of its importance. it includes the asset in a group of financial assetswin Great risk enaratlenslcs similar and evaluates rem collect retry to determine whether impairment errata Assets that are mdwpwlly assessed to determine whether impoirmert exists. and fa which an mpa anent toss is recognized or is still recognized. are rot included in the evaluation of 'moseyed collectively If there is ottecbve evidence that there has teen an impairment loss. the amount of one loss 6 measured as the differerce between the assets carrying arroure and the present value of estimated future teal haws (excludng future expected crept losses that have rot yet been prodded) The present value of catenated future cash flows discounted at the crone' effective interest rate of financial assets If the loan bears a variable interest rate the discount rate for measuring any Irma rmert loss is the current effective interest rate The carrying amount of the asset is reduced through are use of an allowance account and the arrow( of the loss is recognized in tre statemerl of ozmaerenswe income Financial babbles— Instal recognition and measurement — F ins met liabilities within Ire scope d !AS 39 are classified as financial liabilities at fair value !trough gofit or loss loans and accounts payable. a as derivatives designated as hedging instruments in an effective hedge as appropriate The Corrpany determines the dassictation of financial liabilities at octal recognition All financial liabilities are recognized lethally at fat value (n the case of loans and payades carried at amortized cost) plus transaction costs directly attributable The Company s financial bah:hes include accounts payable accounts payable to related parties. other accounts payable and frencial obligations F.3$5 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-0058662 CONFIDENTIAL SDNY_GM_00204846 EFTA01367134