EFTA Document EFTA01367077

Amendment #4 Page 648 of 868 1 she of (Omen EN Renewable Energy Limited, EN Wind Power Private Limited and Generacion Eolica India Limited Notes to combined financial statements All figures in Indian Rupees (INR) 1. Nature of operations EN Renewable Energy Limited (ENRE). EN Wnd Porter Pnvate Limited l'EN'Ailal and Generacon Eolica India Limited (GEE) (Together the Companies) we dornceed in India and were formed for the ptrpose of developing, corstructrg owning and operating are engaged in wind power generation businesses A State Government Power Custnbutron Companies (Decom) in India has entered nto Power Purchase Agreements ('PPX) with each °, the score mentioned Companies and al the electricity generated by the Companies is purchased by ach Dien Fern Enercpa Renovatles S A. Span hOlds 100% of the total shales n the Companies titter eked y or through Feiss I mire Prriete Limted, es whcay owned suteldiary Basis of pessentalion These financial statements represent canbned financial statements Of ENRE. ENWP and GEI as d and for the years ended Decanter 31. 2014 and 2013. The combined financial statements have teen prepared in accordance with U S generally accepted sob:ochre principles (11 S GAAP) The Francial Accounting Standards Board (TASB1 Accounting Standards Codification ('ASC') a the source of atithaltatwe U S GAAP lobe applied by nongovernmental entrees These combined financial statements are presented n I ndan Rupees ('INR) except as otherwise indicated Transacton gains and losses that anse from excrenge rate fluctuations on transactions and balances denominated in a currency other than the functional currency are generally notified in the statements of income as Incurred Tie combined Inancial statements nave teen prepared using the Corrpanes' historical bass for assets and labilees and include an revenues, expenses. assets, and liabilities attributed to these assets. All pan:leant ner-company transactcm and balances have teen eliminated in the corroned financial statements 2. Summary of significant accounting policies Use of esti crofts h preparing the combined financial statements, we use estimates and assumptions that may affect repotted amounts and dscrosures Estimates are used when accounting for depreciation leases. asset retirement obligations, cortingenoes. impairmerts. accrued NItithes and income taxes. among others These ',striates and assumptions we based on current fads, hstOnCal experience and various other factors that we believe to be reasonable under the circumstances the results of whch form the tops for malong sudgmentS about the Ca rtyng values of assets and liabilities and the roomette of revers.* costs and expenses that are not readily apparent from other sources To the extent there are material differences between the estimates and actual results me future results of operations ware be affected. F-328 http://cfdocs.btogo com:27638/cf/drv7/pub/edgar/2015/07/20/0001193 I 25-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058605 CONFIDENTIAL SDNY_GM_00204789 EFTA01367077