EFTA01367067.pdf

Amendment #4 Page 638 of 868 1101!. .cOl 16. Other MOOTS (expenses) December *I, Decsmber al, Routes In ZAR 100 2014 2013 Other Income Interest income earned on cash and cash equivalents 46 182 18 996 46 182 18 996 Other Expenses Interest expense on long-term debt (226 408) (51 ONO Interest expense cc shareholder bars - related pates (8 825) less- captaleed rterest 96 376 19 031 (138 857) (31 973) Total (92 675) (12 977) The interest expense was capitalized at a rate cf 10.05% (2013: 9.51%) for Core, end 10.59% (2013: 9 49%) for Enka based on the effective interest rate for each returned 16. Income taxes Income tar expense (benefit) fa the years ended Decerrber 31, 2014 and 2013 canasta of the following December 31, December 31, Silures In ZAR *000 2014 2013 drrent - 2 790 Deferred 307 171 — Benefits of operating loss cartylorwarcis (296 123) — 11 048 2 790 Effective tax rare Income tar expense (benefit) for the years erded December 31, 2014 and 2013, differed from de amounts compated by applying the statutory South African atom tax rate of 28%(2013. 28%) The significant reconairg items have been noted below DOCIMIbitt 31, Dante 31, 2014 2013 Ircome tax on SA statutory rate 28.0% 28.0% Permanent items (66.0%) 5.8% Oerge in vakkiton allowance 21.0% (37.7%) Effective benefit rate (17.0%) (3.9%) Deferred taxes Deferred morns taxes for the Operating Entities' taxable project entities reflect We tax effectsof temporary differences between the caryr.9 arnOoS1of fset' and 'gabbles for frenaal roofing purposes and the amounts used for more tax purposes F-315 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-0058595 CONFIDENTIAL SDNY GM_00204779 EFTA01367067