EFTA Document EFTA01367035

Amendment #4 Page 606 of 868 I able Contrnl, New Standards, amendments and Interpretations issued but not effeaNe The following are desonpoons of new standards, a rnerdments and interpretations of FRS that have been issued but are not yet effects...for We Group. The Crap is in the process of assessing whether there vnll be any &gni cart changes to is combined finanast statements IFRS 9-Financa. Insfnimente—mflecls all phases of the finance I eel rurnerts project and replaces IAS 39 FinarciatInstrumeMs Recogretion and Meastremerd The standard introduces new requirements for cessficaton and rreasuremert, impairment and hedge accounting • Classificaten and rreasurernent—Financial assets are classified by reference to the business model within wench they are held and Mee contractual cash flow characteristics. The 2014 version of IFRS 9 introduces a lair value avouch other corrprehensrve roma category for certain debt instruments. Financial hearties are classified in a similar rremer to under lAS 39. however Were are differences n the requirements applying to the measurement of an ertlys own credit risk • Impairment—The 2014 version of IFRS 9 introduces an 'expected credit loss' model for the measurement of the impairment of financial assets, so it is iv laver necessary for a credit event to have occurred before a credit loss s recognised • Hedge accounting—Introduces a new hedge actounteg midst that is designed to be more closet/ aligned with how entities undertake risk management amines when hodyeng Inanoal and nonfinancial risk expostres • Derecognson —The recurements for the derecognbon of financial assets and 'sorties are carried lanyard from tAS 39 IFRS 9 is Oscine for annual tenets tegnning on or alter January 1, 2018 Dependng on the chosen approach to applyng IFRS 9, the trenstiOn can resolve one or more than one date of mace apmcation for different re;urements IFRS 15 'Revenue from Co-tracts with Calcmers"—is applicable to al enttes and supersedes all existing revenue recogniton requirements under IFRS. IFRS 15 provides a single princores based (we-step nodal to be applied to all cocaina with customers a applies to all transactions to pond, goods and services except those in the scope of other standards Guidance is provided an topcs such as the point in Mich revenue is reccgnzed. accounting for venal* considerabon costs et filling and obtaining a contract and venous related matters New disclosures about revenue are also introduced Either full or modified retrospictrve application is required for annual periods begming on or after January 1, 2017 Amendments lotAS 16 'Amperty. Plant aldEqumment' and fAS 38 'intangible Assets'—cover ciarificeon of the pinricapte of the bass d depreciation and that revenue based depreciation methods to no longer permitted. The amenarerts are effective as from January 1, 2016. Amendments to IFRS 10 and 1AS 28 'Sated Confnauarn of AWNS estvrten an tremeor and its Associate a JOAN VdOture. —dailies the treatment of the sale or cortrituten of sews from an invesbr to its associate or pint venture, as follows • Requires full recognition in the inVtgCell financial Stowell* of gars and losses arising on the sale or =Ontario(' of assets that ccristittle a business (as defined in IFRS 3 'Rumness Gointinators) • Requires the partial recognition of gains and losses where the assets do not constitute a business, pe a gam or loss s recognized only to the extent of the unrelated nvestors' interests in ref associate or point vesture F,286 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-0058563 CONFIDENTIAL SDNY_GM_00204747 EFTA01367035