EFTA Document EFTA01366781

Amendment #4 Page 352 of 868 1 :Mk .4 &intern. Accounts receivable and allowance for doubtful accounts /occurs recevable are reported in the balance sheets at the invoiced amounts adjusted for any write-offs arc an allowance ter doubtful accounts We establish an allowance for doubtful accounts to equal our receivables to amounts corrocered to be &Irately cotlectte Oa allowance is based on a variety ct factors includng Me length of time recewaNes are past due. sone' cant onetime everts the frontal realth of our customers and hstoncal expenence There was ro allowance for dosladul accounts indated in accounts recenable as Cl March 31, 2015 or December 31 2014 Untalled receivables was NR 32 796,407 and INR 26,556 557 as Cl March 31, 2015 and December 31 2014 respectrve/y Property and equipment Property and eqsipmeni consists a land solar energy systems and construction in progress and is stated et cost Expenditures for mason additions and rnprovements are captalized and mire: repacements maintenance and repairs are charged to expense as neared When property and equipment is retired or otherwise dsposed of the cost and accumJated deprecation is removed from Ire accounts and are/ resuling gain or loss is included in the resuts of operators for ten respective period Depeedation of property and equipment is recorded using the straight-Ire rnetnod over the estimated useful Ives al the solar energy systems which is thirty years Land owned by the Company is not depreciated Land has an ',gimlet] usetU Ide An item of property and equipment ntraliy recognized is derecognized upon oisposal or when no laure economic benefits are expected from its use or deposal My gain or loss arising on derecognitran of the asset (calcUated as the difference between the net deposal proceeds and the carrying amount of the asset) S included in the Statements of income when the assets ckrecorized For the periods presented the Company did not recognize any gain or loss on de-recogneton of assets M repair and mainference costs Mal lb not meet capitalization criteria are recognized 'nine Statements a Income as roared The assets' residual values. useful lives and methods of depreciation are reviewed at each financial yearend and adosted prospectwely, d appropriate Capitalized Interest Interest expense consoling of a mod teat on of deterred financing costs and anoints incurred on funds borrowed to finance construction of solar energy systems is asp taltzed until the system is ready for itsintended use No interest was capitalized during the Period Deterred financing costs Financing costs incurred in connection wen obtaining construction and term financing are deferred and arncelded over the matunties or the respective financro arrangements Amortization of deferredframing costs is °Matted during construction and recorded as interest expense in the financial statements of income fosowing comrrencemenl Cl commercial operation There was ro deterred financial cost t hal was capitalised during the period Arroduatoon of deferred financing costs was recorded as interest expense and totalled 1NR 858.730 and INR 871.058 during the quarters ended March 31. 2015 and 2014, respectively Impairment of lonµlived anal, longitved assets that are held and used are reviewed for impairment whenever events or charges In circumstances indicate carrying values may rot be reccwera de An impairment loss is recorded if the total F-32 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-0058309 CONFIDENTIAL SDNY_GM_00204493 EFTA01366781