EFTA Document EFTA01366780

Amendment rr4 Page 351 of 868 fain: tit ( t lit. SEI Solar Power Private Limited Notes to financial statements (unaudited) (Amounts In INR) 1. Nature of operations SEI Solar Power PrNate Limited (the Company') is demored in India and was tamed for are papose of developing, constnxtng, ownng and operating a LOW-scale protorolta c solar energy project voin a capacCy of 23 9 megawatts (JAW) located in Raostren India As al March 31, 2015. Astmenergr Saw Korea Co Lid holds 51% of Mal Shares and SunEdison Energy Holding (Singapore) Re Ltd holds the remaining 49% of total stores in SEI &Oar Power Private Limited Commercial operators corrrnenced on February 11 2013 Basis olptesentation The Company has presented !nano& statements as of March 31, 2015 and December 31 2014 and for the quarters ended Parch 31. 2015 and 2014 The Company's financial statements rove been prepared in accordance with U S generally accepted acccurling principles rU S CAW') The Financial Accounting Standards Board ('FASEr) Accounting Standards Codificatron fASC) is the settee of a LaKertatrve U S GAAP to be applied be non•govermental ensues Tie financial statements are presented in Irdon rupees ( INR ). except when otherwise indcated 2. Summary of significant accounting policies use of Winston In preparing on financel statements. we Lse estmates and assurnotons that may ailed reported amounts aid disclosures Estimates are used when accounting fa depfeaaoon, enpairmert, conargencies accrued la bi mes and income taxes, among others These estimates and assumptions are based cricurreN facts historical excenence and vanous drier factors Mat we believe to be reasonable under the circumstances. the resuits of when form the basis tor makrig judgments about the carrying values el assets arid liabintes and the recording at revenue costs and expenses out are not reactor apparerl Iran other sources To the extent there are material dfferenoc-s between the estimates and actual resuls our kture results of operations would be affected Cash and cash equivalents Cash and cash equ Nalents include all cash balances arc money market I unds with ongral maturity periods of three montso or less *ten purchased FtestrIcted cash Restricted cash consists of balance in banks and financial institutions that are restricted from use in operations pisuant to the requremerts et certain debt agreements Trese funds we used to pay for capital expenditure. current operating expenses and currert debt sennce payments in accordance with the restnctions in the debt agreements F-31 http://cidocs.btogo. corn :27638/thdry7/pub/edgar/20 I 5/07/20/0001193I25-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058308 CONFIDENTIAL SDNY_GM_00204492 EFTA01366780