EFTA Document EFTA01366974

Amendment #4 Page 545 of 868 liehlrg leentl SEI Solar Power Private Limited Notes to financial statements (Amounts In MR) 1. Nature of operations SEI Solar Power Pswate Limited (the 'Company) is danciled in Inca and was famed for the purpose of developing, constructng ownng and operating a Lermy-scale photovoltac solar energy pro)ect min a capaccy of 23 9 rregawets (PAW) located in Raestren India As al Decent& 31 2014 Astrcenergy Solar Korea Co Ltd hods 51% of total snares end SunEdson Energy tiolding (Singapore) Re Ltd holds the remaining 49% of total shares in SEI Solar Power Fringe Lirnced Commenter operations commenced on February 11. 2013 Basis of presentation The Company Fiat pesented financial statements as of and fa the years ended December 31 2014 and 2013 The Company's ?cancel statements have teen prepared in accordance weh V S generally accepted accounting princyles (' V S GAAP') The Financial Accounting Standards Board ('FASTS') Account ng Standards Codfcation CASC") is The source of autronterve Li S GAAP to be apPf ed by nargovernmental &tares The financial eaternents are presented in Irdon rupees ( INR ) except Wren otherwise relented 2. Summary of significant accounting policies Use of admen In preparing our financel statemeres we lee estimates and assurrscons Mat may affect reported amounts and disclosures Eel mates are used when accounting fa depeciaton, impairment conbrgencies accrued labs mes and income taxes, among otters These estmates and assumptions are based cei current facts historical expenence and venous drier factors That we tel eve to be reasonable under the circumstances. the few% of wheh form the basis for making Judgments aboLt the carrying values d assets and liabilttes and the recording of revenue costs and expenses out are not readily apparent Iran other sources To the extent there are material dfferenoc-s between the estmates and actual resUts kture resists of operations would be affected Cash and cosh equivalents Cash and cash equrvaents include an cash balances and money market lords will, ongral maturity periods of three months or less *ten purchased ReatrIcted cash Restricted cash consists of balance in banks and financial institutions that are restricted from use in operators pisuara to the requremerts ct certain debt agreements Trese funds we used to pay for capital expenditure. current operating expenses and current debt service payments in accordance with the restnctions in the debt agreements F-225 http://cfdocs.btogo.com:27638/cf/dry7/pub/edgar/20 15/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058502 CONFIDENTIAL SDNY GM_00204888 EFTA01366974