EFTA01367101.pdf

Amendment #4 Page 672 of 868 1:0*..et..(lefftEeit (v) Far value of financial instrurreres— The fair value is the vice that would be received to sell an asset or pad to transfer a hattlity in an orderly transaction between market participants al the measurement date The fair value of an asset or labilly is meowed using the estimations that market pendants would use to rank the asset or liability value. assuming that market participants Law in their best economic (Serest The fair value measuremerl of ron-finarcial assets lakes rho account the ability of a market parbcpant to generale economic bendits through mote and better use of the asset or selling it to another market participant that woad use the assets in the test possible way The Company uses valuation techniques that are appropnate ri the orarnstances and for which sufficent inforrrebon is available to measure fair value. Twanging the use of relevant observable mates and minimze the use of unobservable inputs Al assets and liable*e which are determined or reveal tau values in the Irienoal statements are crass/tied wdhin the fair value hierarch/ desonted below , based on the 'west level d the data used that are significart to the measuremert at fair value as a whole • Level 1 °toted (unadjusted) prices in active markets for identical assets or badges • Level 2 Other techniques for all nforrroton a data damn( to quoted prices withn level 1, available, ether directly or indirectly • Level 3 Techniques which use inputs trot have a significant effect on the recorded far value that are not based co observable market data For assets and kahmees that are recognized at fair value in the arenas/ statements on a ref:wing basis, the Company determines whether there have been hamlets between levels in the nemretry by (avowing the categorization at the end of each reporting period Management determines thO aloes and procedixes for both recurring far value measurement Al each reporting date, management analyses the movements n the values of assets and Mates which are tenured to be re-measured or in accordance with the accounting policies of the Company For purposes d fair value disclosures, the Company has determined classes of assets and liabilities on the basis d the nature. characteristics and mho and the level of Ite far value hierarchy as explained above (o) Property. piant andermanenl— The item d properly, Pant and equipment is stated at cost net of acarnutated oscrecotion and/ or awl:notated impairment losses The purchase price or corstruction cost is the total arrount pad and the tau value of any otter consideration oven to acqure the asset. For the significant components ol facatos. fisreure arid equipment that must be replaced penoclicaly, the Company derecognized the replaced oornponent and recognizes the new carp:fere with their respective useful Ives and depreciation Similarly, when a meet repectoneperlormed. is cost is recognized as a replacernert to The extent that they meet the rep:graben regurements Other repair and mairtenance costs are recognized as expenses as named. F-352 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-0058629 CONFIDENTIAL SDNY GM_00204813 EFTA01367101