EFTA Document EFTA01366861

Amendment #4 Page 432 of 868 Amon oaten of deferred fnancing costs recorded as interest expense was INR 1 546.875 and INR 1287,854 during the threemonm periods ended March 31 2015 and 2014, respectively Impainnont of lontlivod rase Long.lived assets that are held and used are reviewed for impairmert whenever events or changes in circumstances indicate camnng values may rot be recovered° An impairment loss is recognized If tie total futtre estmated urdrscounted cash flows expected horn an asset are less than its carrying value. An impeirment charge is measured as ere difference between an asset's carrying amount and far value with the diference recorded in operating costs and expenses in tie stalemert of Income Far values are determined by a variety U valuation methods. including appraisals. sales prices of similar assets and present value techniques There were no impairments recognized during the three-month periods ended March 31. 2015 and the year ended December 31. 2014 Assaf retirement obageliona The Companies operate under real property operarig lease agreements tret include a requirement for the removal of the wed energy systems at the end of tie term of the agreement Asset retirement obligations are recognized at far value in the period in which they are recurred and the carrying amount of the related long-Wed asset is carespondogy noreased Oven tine, the leblty is accreted toms expected future vete The corresponding asset capitalized at rotation rs depreciated over the useful lie of the wind energy system. Aram* nmrognition Power pro-chase agreements The Compants' revenues are obtained through the sale of energy pursuant to terms of power purchase agreements (-PPAs') or over contractual arrangements which rave rernsinng Wes of 15.25 years as of march 31 2015 Al PPM me accounted for as operating leases, have no mortar lease payments and all of the rectal roorre under these leases is recorded as noon* when the electncty a deintered Ire scampers rental income recognized n the threerronth periods ended March 31 2015 and 2014 was INR 95,43,277 and INR 69,325,961 respectively. Grants For certan owned wad energy systems we receive CerOheri emissions rights (CERs) inter the Clean Devetopmert Mectenem of tinted Nations Framework Corwenbon on Clime Change. CERs are generated as ors wind energy systems generate electricity. CER a recogrozed as revenue at the time we have transferred a Ceti pursuers to an executed contract relating to the sale of the CERs to a third party Also, ore of the Power Purchase aigreemert provides fa den rg of CER revenue with the Power Purchaser In this case, the Power Purchaser's stare of CER revenue has been netted off against total CER revenue The Companies are also shade to receive generahon based incentives (Ger) based en Kwh of electricity fed to Disowns For Gels production from ors operated systems is certified by a third party and. once verified. revenue is recognized based co the terms of the contract and the ftifillnent of all revenue rifoogrition criteria Income received pursuant to the GEI scheme a recorded as 'Other operating income' F.112 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-0058389 CONFIDENTIAL SONY GM_00204573 EFTA01366861