EFTA01367139.pdf

Amendment #4 Page 710 of 868 1:0*..91.5.29neeld Deferred income tax— Deterred ncome tax s recognized 'sang the liability method on temporary differences between the accouMng basis and the tax basis at tie dale of stater-rent of firencial position liabilities for deferred income taxes are recognized for all taxable ter-Torah/ dflerences when the opportunity of reversal can be connoted and its Probable that they will not reverse in the foreseeable hem Deferred tax assets are recognized for all deductible temporary differences, and the figure offset of unused tax credit and tax loss carryfcrward to the extent that e a probable that taxable profit wit be available age nst which the deductible temporary Offerences and the carrytowards of unused tax credits and unused tax losses can be used The canying amount of deferred tax assets is reviewed at each statement of Ilnancal pceibon date and is reduced to the extent that it is no longer probable that sateen, future taxable income will be available to al how the benefit of pan or the entire deferred asset to be 'bleed Unrecognized deferred assets are re-assessed on each statement of financial position date Deferred tax assets and liatiltles are measured at the tax rates that are expected to apply in the year when the asset is realized a the liability Is settled, based on tax rates and lax rules that were approved to date end of the period over which t is reported, or whose approval is near to Corriplebon at that time Deferred tax alma ale recognized in CenelabOn to the underlying tranSaCtien ether in the income statement a dreCtly in equity Deferred tax assets arc deferred tax liabilities are offset if a legally enforceable right essts to set off =rent tax assets against current income tax labraties, and when the deferred taxes rented to the same taxable entity and the sane taxation inthorty Value added tax— Revenues expenses and assets are recognized net of the arrourc of Value Added Tax except • When the Value Added Tax (VAT) incurred on a coronas° of assets or services s not recoverable from the taxaton atthonty winch case the VAT is recognized as part of the cost of acquistion of the asset or as pert of the item of expenditure, as apprcprote, • Accounts recemthce and payable are already staled with the LIITICUrt of VAT included The net anxxrt of VAT recoverable (torn or payable to, the taxaton authority is included as part of other accounts recewatie or payable in the statement of Vance' position 3.3 New accountew pronouncements The Company hes decided not to early adopt the following sttnctuds and interprelabons trot were issued by ihe IASB lit are not en'ecirie at December 31, 2014 !FRS 9. ''Fmancetilnstaments classeRcaton am/measurement' In July 2014. the IASB netted the final version of IFRS 9 Financial Instruments. which refecis all phases of project financial nst anent& and replace IAS 39 'Frontlet Instruments Recognition and Mtunkremere and all previous versions of IFRS 9. The standard introduces new F.390 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-0058667 CONFIDENTIAL SDNY_GM_00204851 EFTA01367139