EFTA Document EFTA01367131

Amendment #4 Page 702 of 868 The energy required forte &mons shed correspond to We parbopaton of the estimated generation with RER by rniroplying the National Consumption of Electnoty as established by the Regulaton, by the percentage established by the MEM in which the national consumpbon of eiettnaty generated wth RER mist pertcpate, every bee years (c) Promotion of Invostmant on Eleariclfragnoradon Using Water Resource* and other Renewable Resources— Tre Legislative Decree N'1058 dated June 27. 2CO8, estateshed the investment prcmotorel framework d electixtty generation with the use of RER. this encouraging scientific research and technics:goal innovation, as well as the designing of protects that qualify as rrechansms d clean development which upon being granted their registraton can be suttect to the negotaton of Emission Reductions Certificate (hereafter 'GER' for is Spanish acronym) that can be sold to companies d mduatnalized countnes which al their turn can account said reductions of greenhouse gases as part of tea qualitative goals committed order the Kyoto Protocol Ths regime benefits the elettnoty generator based on water resources or based on other renewable resources such as wind solar, geothermal, biomass or alai when will be subset to the accelerated deprecation benefit over the In Tax Said (ere shill be applied to the generation pants that start operatons woe trie entry rso force of the aforementioned Legislative Decree The accelerated depreciation shalt be applicable to machinery. equipment and avil works necessary for the instalaton arid operation of to plant. vetch are waxed anlibr Dalt since the entry into force of the Legislative Decree The rate to be applied is 20 percent as gobal annual rate 3 Summary d vomitent accomfing cdcies and principles 11 Basis of preparation and presentatla- The Mantel statements have been prepared in accordance with Irternatorel Financial Reporting Standards (IFRS) issued by the 'International Acdounting Standards Board (hereinafter 'IASEr) The accdnperrying fiancee statements have been prepared on a testorioal cost bass, betel on the accoutre records kept try the Company The accounting policies adopted are contestant with policies applied in previous years, except for the new FRS and revised IAS that are mandatory for periods begnnrg on or after January 1, 2014, in which the Company has adopted, however, due to the structure of the Company and nature of is operations, the adoption of these standards had no significant effect on its financial position and results of operation; therefore it has not teen necessary to modify the comparator financial statements of the Company These new IFRS and revised IAS are described below. MS 32 F inencial Instruments Presentation—Offsetting Fame? Assets and Financial !Jewess (Amenchieno Defines the meaning of 'currently has a legal nght to conversance cntena and mechanisms fa noneimallareous sokkon cleaingbouses for entitlement to compeneabon modification Adaborelly, this amenctneM clarifies that to compensate two or more setnahents hrencial nsatutions should have a nght to compensation that cannot be condtioned on a future event, and should be mandatory the following circumstances 0) Me normal course of I:tenets, (s) in the event of Celault and (m) in the event of insolvency or tenlauptcy of the entity or arty of the couMerparbes F-.302 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-0058659 CONFIDENTIAL SDNY_GM_00204843 EFTA01367131