EFTA Document EFTA01367171

Amendment #4 Page 742 of 868 ha* ( Olden" 3.3 Basis of valuation and presentation currency The f "uncial statements as of December 31, 2014 and 2013 were prepared on a rntoncal col/ bean except for certain items that are measured in accordance with the accounting peaces described in Note 4 The thanes, statements are expressed in US dollars (USS or S) 3.4 Changes in accounting policies The accounting policies adopted by the Company to prepare its financial statements as of December 31, 2014 are consistent with ttiose used to prepare its financial statements as of December 31 2013 The Company adopted for the first time the following amendments to standards and interpretations, which are effective for annual periods begrning on or after January 1. 2014 These amendments and interpretabons have nt, material impact on the Company s financial sfaternerts as of December 31. 2014 Investment Entitles (Amendments to IFRS 14 IFRS 12 end /AS 27) Trese amendments provide an exception to the consoidancx, requrement for erddies that meet the definiten of an irwestment entity under IFRS 10 Canscsidatcd Cinema, Stamens and must be appied rettospectwery subject to certain transition relief The exception to corsoiciaton retires investment entles to account for sLtisidiaries at fair value through profit or loss Offsetting Financial Assets end FInanclat LIstalltles—Amendments to /AS 32 These amendments clarify the meanng of -currelty has a epee/ enforceable rapt to sel-ot and the cntena for non-simultaneous settlement mechanisms el clearing houses to qualify for offsetting and is ap ed retrospectN*0y Novetlon of Dertvattves and Continuant:in of Hedge Accoundnp—Amendrmnb fo IAS 99 These amendments peon* rebel from oscontinung hedge accountng wren novabon of a denvat we designated as a hedgeg instrument meets certain °Mena and rel rospectwe appleat on is reeJecd IFRIC 21 Lodes FRC 21 denims that an entity recognizes a labory for a levy when the activity that triggers payment, as identified by the relevant legislation occurs. For a levy trot is Mggerea upon reacting a minimum tree-shod the interpretation etudes that no liablity should to anticipated before the specified mini nun threshold rs reached Retrospective application s required for IFRIC 21 Recoverable Amount Disclosures for Non.Flnntal Assets—AmondnentS to MS 36 Impolfmont Of ASSef a These amendments remove the unrtended consequences d IFRS 13 on the disclosures required under IAS 36 In additon these amendmerts require disclosve of the recoverable amounts for tte assets or cash generating unts for which impairmerd loss has been recognzed or reversed during the period Annuli Improvements 20162012 Cycle in Me 2010.2012 annual improvements cycle, the IASB issued seven amendments to six standards which included an amendment to IFRS 13 Fa✓ Value Meastrement The amendment to IF RS 13 is dfectwe immediate)/ and, thus la periods beginning al January 1, 2014 and it clarifies in the Basis for Corclusions that short.ierm receivables and payables with no stated interest rates can be measured at invoice amounts when the effect of 6scoureng is immaterial F-422 http://cfdocs.btogo. corn :27638/cf/dna/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058699 CONFIDENTIAL SDNY_GM_00204883 EFTA01367171