EFTA01366976.pdf

Amendment #4 Page 547 of 868 cglewil‘ futue estimated undrsoounied cash flows expected from an asset are less than ascanying value. An immanent charge is measured as the difference between an asset's carrying amoum and fair value with the difference recorded in operatng costs and expenses in the statement of operators Fair values are detwmned by a vanety of valuation methods induct rig appraisals. sales pnces of similar assets and present value techniques There were no impairments recognized during the years ended December 31, 2014 and 2013 Revolve recognition The Companys revenues are Planed through the sale of energy pssuant to terms of a poser purchase agreement ('PPA') cc other conbactual arrangements which has a remaining We of 22 years as c4 December 31. 2014 The PPA is accounted for as operating leases, has no (annum lease payments and all of the rental income under these lease is recorded as inc.:me when the electricity e delivered The contingent rental income recognized ri the years ended December 31, 2014 and 2013 was NR 360.452,144 and INR 316.461.557 respectwely Income fans Income taxes a re accounted for under the asset and lability melted Deferred tax assets and liabilities are recognzed for the faille tax consequences attributable to differences between the financial statement carrying amxints of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards Deferred tax assets and babble,a we measured using enacted tax rates expected to appW to taxable income in the years n when those temporary differences are expected to be recovered or settled We ignore the fuure originating temporary differences and schedule the existing temporary differences wren they originate and reverse on a fist-in-first-out 0396 when determinng the tax rate expected to apply for purposes of measuring deferred taxes. The effect on deferred tax assets and loonies d a change in tax rate is recognized in operations in the period that includes the enactment date Valentin allowances are established wren management deternines that it is more likely than not that some portion, or allot the deferred tax asset, vse not be realized Deferred income taxes arise primarity because d dfferences in the bases of assets cc liabilities between financial statement accounting and tax accounting which are known as temporary differences We record the tax effect of these temporary differences as deferred tax assets (generally Items that can be used as a tax deduction or neat n tUwe periods) and deterred tax baptises (generally items for which we receive a tax deduction, but have not yet been recorded in the statement of operations) The Company interds to account for dividend diOnbuten tax in equity in the yew in which a drys:lend is deterred We regularly review oir deferred tax assets for realzability, tang into corsideraten al available evidence both rosin and negative, include-9 historical pretax and taxable income, projected future pretax and taxable e-come and the expected timing at the reverses of existing temporary differences In arriving at these segments. the wags given to the potentel elect of al positive and negative evidence rs commensurate wth the extent towhich it can be °Crane& vented We believe 04S tax positions are in compliance with applicable fax laws and regiiatons Tax benetts are recognized only for tax positions trot are more likely than not to be sustained upon examination try tax euthenics The amount recognized is measured as the largest afloat of benefit that Is greater than 50 percent likely to be remised upon settlement We believe that as liabilities for unrecognized tax benefits including related interest are adequate in relation to the potential for additenal tax assessments There is a F-227 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-0058504 CONFIDENTIAL SDNY_GM_00204688 EFTA01366976