EFTA Document EFTA01367241

Amendment Page 812 of 868 6 Standards issued but not yet effective The standards WA interpretations that are awed be rot yet effective as Cl December 31. 2014 are dsclosed below The Company intends to adopt nese standards if applicable to its actrvbes when they become eltectwe FRS 9 Financial ltufnanents In July 2014, theitISB issued ire foal version of IFRS 9 Financial Instruments which reflects all proses of tre financial instruments proect and replaces IAS 39 Finarcal Instruments. Recogation arid Measuement and all previous versions of IFRS 9 The standard irtrodirAs new requirements for classification and measurement impairment and hedge accounting IFRS 9 is elective for annual periods beginning on or after January 1 2018 wth early application permitted Retrospective application is required. but comparative infainatOn 4 Mt compulsory Eery application of previous versions of IFRS 9 (2009. 2010 and 2013) is permitted 0 the date ct inte2 application is before February 1 2015 !FRS 14 Regulatory Deferral Accounts IF RS la is an caonal standard that allows an enary whose activities are sub yea to rale regufaton to ccnenue applying most et is existing accounting policies for regulatory deferral account balances upon its fustt me adoption of IFRS IFRS 14 is effective for annual periods beginning on or alter January 1, 2016 /FRS 15 Revenue from Contracts with Customers IF RS 15 was ssuea in May 2014 and establishes a new If/estop model tret will apply to revenue arising from contracts with ostomers Under IFRS 15 revenue is recognized at an amount that reilects the consideration to which an entity expects to be entitled in excnarce for transferring goods or services to a customer re principles in IFRS 15 provide a more striated approach to measuring and recoanzing revenue The new reverse standard is applicable to al entities and will supersede all current revenue recognition requrements under IFRS Ether a kit or mcdfied retrospective appl colon is required for annual periods beginning on or ffte< Jartrary 1 2017 with early adoption permitted Amendments to MS 16 and LAS 38: Clarlacadon &Acceptable Methods of Depreciation end AMOrtlIall0f) The amendments clarify Ire principle in IAS 16 and IAS 38 that revenue reflects a pattern of economic beretits trial are generated from operating a business (ol whch the asset is pert) rather than the economic benefits that are consumed through use of the asset As a result. a revenue-based method cannot be used to depreciate properly, plant and equipment and may only be used in very limited cscunstances to amortize intangble assets The amendments are effective prospect very for annual periods begnnng on or after January 1. 2016. with early adopt on permitted AITINKIIMIMS to IAS 16 and AS 41 Agriculture: Belmar Plants The amendments change the accounting requirements for bictogcal assets that meet the definition at tearer plants Under the amendments biological assets that meet the deltntion of tearer parts will no longer be within the scope of IAS 41 Instead IAS 16 will apply After Intel reccontan bearer plants will be MOW-fed under LAS 16 at acasnualect cost (before meguity) and using fl ier the cost model or revaluation model (after maturity) The amendments also require that produce that grows on bearer F.492 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-0058769 CONFIDENTIAL SDNY_GM_00204953 EFTA01367241