EFTA Document EFTA01367114

Amendment #4 Page 685 of 868 CI) As d December 31, 2014 and 2013. the Company presents tax losses amourting to St 13553,742 and S/ 3 304.388 respectively. Management will assess at the dosrg date of each year the evolution of main conditions and iegislation in effect in ceder to determne whether a deferred income tax asset nisi be recogneed at ewe moment In accordance with the estabbshed by the Income Tax Ow and its amendrrents, entities established in Peru are able to opt between the two