EFTA Document EFTA01367160

Amendment #4 Page 731 of 868 . (:oplasi 2013 Loss than 1 year Between 1 and 3 years Between 3 and 6 years More than 5 years Total 5/4000) 3/4000) 5/4000/ 3/4003) 3/.(300) boars and borrowings (ncluding +serest) 15,648 31,297 32051 94,168 173,164 Trade accesses payable 52 — — — 52 Accourts payable to related erttes 146 — — — 146 abet SCCOUNS payable 339 — — — 339 16,185 31.297 32.051 94,168 173.701 Capitol management The Company actively manages a capital base to cover tre risks inherent to as activities The Company's capital adequacy is monitored by using among other measuremerds, the ratios established by Managemert Ire Company's ObfeCtrireil when msnagng its captai is a concept broader than the '£paty that appears in the statements of financel position and they we (i) to safeguard the Company's ability to keep on operating so that it contnues offenng returns tome shareholders n 0e lathe. and (ii) to maintain a sound capital bete to fora:entre develqxnent arc prewar, et its activibes As of December 31, 2014 and 2013, there have not teen any changes n the actases and polices et the Company's capital management The Company monitors capital using a geanng rata. defined as the result of net debt dieted by total septet aka net debt In Managements opnion, geanrg ratios as of Decanter 31. 2014 and 2013 are in lire with the financial policies of the Company 2014 Si (0001 2013 3f.(000) Financial debt 120392 121,337 Gross debt 120,392 121,337 TOW toot/ 35.569 45.430 Total equity and gross debt 155.961 166787 Gearing ratio (%) 77 19 72 76 24 Information on tair value of finance' nstruments The rnethodonges and assumptions used by the company to deternsre the ennead, market values depend on the tents and risk characteristics of the averse financial insuumerts and oaminse the renewing (i) Assets whose fair value is Similar to their book value For financial assets and liabiltbeis that are liquid or have short-term matumas (shorter than 3 months), it is deemed that their book values similar to their far verse Tin assisnpton is also applicable to term deposits, savings accounts without spec C maturity and rtenciai nstruments at vanatle interest rate These iretrumerts are classified into Level 1 at t re fair value hierarch, F-411 http://cfdocs.btogo. corn :27638/cf/dna/pub/edgar/2015/07/20/0001193 I 25-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058688 CONFIDENTIAL SDNY_GM_00204872 EFTA01367160