EFTA01367106.pdf

Amendment #4 Page 677 of 868 ltlf..)45.).soffeJ3 Amendments so /AS 16 and /AS 38 C.,anicawn clacceptat4 methods d capes:Avon and amorrizato, The amendments clarify the emcee of IAS 16 and IAS 38 that revenues reflect a pattern of economic benefits generated from operating a business (witch the asset is pail) rather than the economic benefits consumed through use of the asset Asa result the depreciation method based an income cannot to used to depreciate propely part and equnnonl and 'my crly be used in very longed to the amortization of intangd“ 0mi:tames The amendments are effect/ye prospectonlly br annual periods beginning m or after January 1. 2016. we early adoption perrnded It is rot expected that the above amenemerts ell have a nautical impact for the Canpany 4. Judgments, estimates and significant accounting assumptions The preparation of financial stalornerts requires Management to nuke Judgments accosting es11mY.Ca and assomPlons that ailed the reported arrOtintS of revenue. expenses. assets liablitics and disclosure of contingent listintos at the end of the reporting period under revew These judgments and estimates are based on Managements best knowledge about the relevant facts and circumstances. taking into accotat previous experience. however. the reskits troy differ from the arrounts rick/tied cn the linanctal statemerts irtormation Matt such judgments are estimates rs contained in the accounting patties and / or in the notes to the finanoal statements Tre main areas of urcenarnty associated with the estimates and critical judgments made by /damage/roe in the preparation of Marcel statements include • Estimation of useful life of progeny, plait and equpmert and rcangible assets resdtal values and tmpairment rote 3 2(d), 3 2(e) ace 3 2(0 • Estimation of inecrne lax. note 3 2(k) • Contingences, note 3 20) Anydifferences in the estimates with sutreguent actual results are reported in the year in whch they ocos 6. Cash and cash equivalents (a) Following is the composmon of !Ns caPtan 2010 2013 SO. St Currert aCCOuntS(b) 894,961 817 926 Trust Mid accourt(c) 4.077.928 9.5-`6.435 Overnight deg.:iv/6(d) — 5 452 800 4972,889 15 827 161 (to net Cement 31.:014 and 2013 ne Ornery mes even. brig ”teirtsPn enie •nroar nett., artermstst n einem, are leer neterey. mien re "nreeneted innotes ea- rn nor Dreettee 31. 3:11.1 and 2011 ten Mince <comities le amiss-eves recereo Airsrho yndCle1 eve tee Canny hes !WM WACO InbenaMea. Oei Pe, a A A the Capoiniln Mina Oa FornenteiCAF 1and Pe coroa•aa Mincers' de Deserscei SA F-357 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-0058634 CONFIDENTIAL SDNY GM_00204818 EFTA01367106