EFTA Document EFTA01366859

Amendment #4 Page 430 of 868 1 uhle contern, EN Renewable Energy Limited, EN Wind Power Private Limited and Generacion Eolica India Limited Notes to combined financial statements (Unaudited) All figures in Indian Rupees (INR) 1. Nature of operations EN Renewable Energy Landed (ENRE), EN VVInd Power Private Landed FENWR) and Generation Enloe India Limited (GET) (Together 'the Companies') we clamored in India and were formed for the purpose of developng corstmang owning and operating are engaged in wad power generation businesses A State Government Power Dstnbuton Companies (Dtscom) in India has entered into Power Purchase Agreements ('PPA') with each of the above mentioned Convenes and al the &empty generated by the Companies is purchased by such Qscoms Feiss Energa RenOvetleS $ A, Spain ('FERSA ) hOldS 100% of the total shares in to Companies elder Cited V Of thfOugh Feiss India Prorate United, RS wholly owned subsidiary Basis ol presentation These financial stSerrents represent Oribined financial statements of ENRE. ENVY', and GEI as cr March 31, 2015 and for the three-month periods ended March 31, 2015 and 2014 The combined financial statements have been prepared in accordance with U S general,/ accepted accounting principles CU S GAAP) The Financial Accounting Standards Board rEAS£31 Accounting Standards Coon:Wen (ASC') a We source of manontatwe U S GAAP to be applied by non -govern me entities These 00mbned financial statements are preserved in I rician Rupees INR ) except as Othenvte indicated Transecton gains and losses that ante from exchange rate fluctuations on transactions and Serves denominated in a currency other than the functional currency are generally included in the statements of income as incurred The combined financial statements have been prepared ustg the Comperes historical teas for assets and babbles. and include al revenues, expenses, assets. arid Ilabbbes attnbuted to tress assets. All significant inter-company transactors and balances have been elunnaled in the cordoned finance l statements 2. Summary of significant accounting policies Use of iellinetes h preparing the combined financial statements we use estimates arid assumptions that may affect reported amounts and disclosures Estimates are used when accoureng for depreciator) leases. asset rebrement obligations contingencies. impairment, accrued le tribes and income taxes, among others These estimates and assumptions we based on current facts. hstoncal experience and various Sher factors that we believe to be reasonable under the circumstances. the results of when form the boss for maitre lodgments about the carrying values of assets and liabilities and the recording of revenue. costs and expenses that aro not readily apparent from other sources To the extent thee are material d derences between the estimates and actual results. our future results of operations ward be affected F.110 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-0058387 CONFIDENTIAL SDNY_GM_00204571 EFTA01366859