EFTA Document EFTA01367079

Amendment #4 Page 650 of 868 Amortization of deferred f nancing casts recorded as interest expense was INR 5 928.479 and INR 5,151416 during tie years ended December 31 2014 are 2013 ewes:retry intpainsiont of long-Need assets Long-lived assets that are held and used are reviewed for impairmert whenever events or oranges in circumstances indicate carrying values ray not be recovered° An imperment loss s recognized if tie total futire estimated up:locoweed cash flows expected from an asset are less than its carrying yaks An impairment charge is measured as the difference between an asset's carryng amount and far value wren the difference recorded in opening costs and expenses in the statemere of Income Far values are deternsred by a venety ct valuation mettods, including appraisals, sales pnces of sander assets and preen value techniques There were no nceirments recognzed Owing the years ended December 31. 2014 and 2013 Asset nitintnrent obagetions The Companies operate under real property operabrg lease agreements that include a requirement for the removal of the wed energy systems at the end of tre term of the agreement Asset retirement obligations are recognized at far value in Me period in which they are rcurred and the carrying amount of the related langlrved asset is carespondnay ncreased Over tome the let. ty is accreted to its expected future vete The corresponding asset captalcred at notation rs depreciated over the useful lie of the wind energy system Revenue recognition Posner purchase agreements The Companies- revenues are obtained though the sale of energy pursuant to terms of power pscrese agreements ('PPM') or otter contractual arrangements whch rave remainng eves of 15.25 years as of December 31, 2014 NI PPM are accounted for as operating leases have no minirnun lease payments and as of the rental rcome under these leases s recorded as income wren the electnaty is delivered The contngent rental income recogneed in the years ended December 31. 2014 and 2013 was INR 592,721,549 and INR 521,395,410, respected), Grants For certain owned end energy systems we receive certified emissions ogres (CERs) under the Clean De/Nor:men Mectersarn of United Nanons Framework Cawenbon on Oimate Charge. CERs are generated as our wird energy vitens generate electricity CERsrecogrozed as revenue at the me we have transferred a CER pursuer" to w executed contract relating to the sale of the CERs to a third party Also, ore of the Power Purchase Agreement provides fa sienna or CER revenue with the Power Purchaser In tit case, me Power Purchaser's share of CER revenue has been netted off against total CER revenue The Clefflunes are also elgotte to receive generabon based incentives (DES) based on Kwh of electricity fed to Discerns For Gels. poducton from ow operated systems s conned by a third party and. ace verified revenue is recognized based on tie terms of the contract art ere ft/allow* of all revenue rifoogrstion criteria Income received pursuant to the GB schemes recorded as *Met operating income income taxes car income tax balances are deterrnned and reported using a 'separate return' method. Under the separate retum method, income tax amounts have been computed as if Me Comport.s filed separate tax Mune F-330 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-0058607 CONFIDENTIAL SDNY_GM_00204791 EFTA01367079