EFTA01366991.pdf

Amendment #4 Page 562 of 868 Ale of to! ail the future cash flows expected to result from the use of the asset and as eventual aspersion is performed Measuement of an 'mourners loss for iongered assets that management expects to hod and use is Eased on the fair value of the asset Lorg -Eyed assets to be disposed of are reported at the lower of canyng amount or fair value less costs to sell For the years ended 31 December 2014 and 2013 no impairmert was recorded. Delayed Ilquktatod damages Delayed licesdated damages represents amounts eke from the Engineer. Procure and Construct ('EPC) contractor for revenues the Company would have earned under the PPA for We period trot ten EPC contractor dd not meet lie guaranteed sutetartel completion date. The Company records re delayed hquaated damages as a (edition in tne purchase priced the wind arid solar energy fealty Delayed liquidated damages of 53 214, 51 OM and Si On were recorded in 2014 for itipteuwel- Dassefonten Wnd Energy Facility (RF) Proprietary Limited Sevenstones 159 (RF) Proprietary united and Lanarco 77 0RF) Proprietary Limited respectively. As of 31 December 2014, 53 2M was owed to the Company and is included in prepaids and other current assets Bonowing costa Borrowing costs that are direcey attntutable to the acquisitioh constnxbon or production of a qualiyirg asset are capitalized as part of the cost of that asset until such time as the asset is ready for is intended use The anneal of torrovarg costs eligible for capitalization was SO Wand 54 2M as at 31 December 2014 and 2013 respectively and was determined as follows (0 actual borrowing costs on funds specthcany borrowed for tte purpose of atoning a qualifying asset less any mmporary investrrert of thOSe borrowings, (a) welted average of the borrowing costs amicable to the Company on furds generally borrowed for the purpose ot obtaining a qualtyrg asset Tne borrowing costs captalized do not exceed the total borrowing costs maned The captalization of borrowng costs commences when (i) expenditures for the asset have occurred. (ii) borrowing costs have been incurred. and (iii) 3CINdlee that are necessary to prepare the asset for its intended use or sale are in progress Capeakzeton is suspended cuing extended periods n which acme development rs nterrupted Caw:elusion ceases when substanceey al the activities necessary to prepare the qualifying asset fa its nended Lee or sale are complete All other borrowing costs are recognized as an expense in the period in which they are incurred Borrowings Borrowings are &coined as Ansmoal liabilities arc are Melly measured at fair value and are subsequeney measured at amorozed cost Ter Saks tax The Company collects Value Added Tax from its customer and rem% these amounts to the South African Revenue authority. Revenue is recorded net of Vaasa Added Tax F..242 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-0058519 CONFIDENTIAL SDNY_GM_00204703 EFTA01366991