EFTA Document EFTA01367140

Amendment #4 Page 711 of 868 requirements for the classification and measurernert. Irma Merit arc redge accounting. IFRS 9 is effective for annual periods tegnnirg on or after January 1, 2018 wrth early appricaton permitted Retrospective application is required, but the corner-awe information is rot mandatory The early application of the previous versons of IFRS 912009. 2010 and 2013) is allowed it the date of intial application is before February 1, 2015 The adoption of IFRS 9 we have an effect on the classification and measurement finanoal assets of the Company. but no impact on the classification and measurement of Mantel babilites • 'FRS 15. Revenue from contracts with cusfohers IFRS 15 was ssued n May 2014 are established a new five-step model to to applied to revenue from contracts with customers. Under IFRS 15 revenue is reoognzed at an amount trot reflects the consideration the the entity expects tote entitled n excfenge for the transfer of goods or seances to a customer. The pnnaples of FRS 15 ptovide an approach more structued to measurement and revenue recognition The new standard ct scone is appicable to all entities and mall repece all current requirements to revenue recognition under IFRS Tne retrospective application Complete or modified is required fa annual penocis teaming on or after January 1. 2017. with e'en/ adoption permitted Amendments blFRS 11 Jane Arrangements AccounIng ya acquisitions of Interests Arnendmerts to IFRS 11 requires that a pirt operator post the acquerbon of an interest in a pint ventue in winch the activity of the pint venture is a business, according to IFRS 3. The arrendments also darify that a pre-existing interest in a joint operator is not rerneasured in the acquisition of an additional interest in the same pint operation, while the lit control e maintaired. In addecn a scope exclusion has been added to FRS 11 to specify tot the amendments do rot apply when the pales sharing pint control including repartee entity user conrron control of the same man controller. The changes apply to both the acquisition of the reel stake in a pint operation and the acquisition of any addtonst nieces' in such pint operation and are efteceve prospectively for annual periods beginning on or atter January 1, 2016, allowing the adoption Advance It is rot expected that these amendments we have an mpoct for the Company. snce the Company does not have pit arrangement Amerdmenfs b IAS lean:11AS 38 Canicabon of acceptable methods of deprectatcn and arnortaatcn The amendments clarify the principle of IAS 16 and IAS 38. that revenues reflect a pattern of economic benefits generated from operating a business (whch the asset is pert) rather than the econornc benefits consumed through use of the asset As a result the deprecation method based on income carrot be used to depreciate property, plant and equipment and may only be used in very limited to the amortization of rrtangbles arcanstences The amendments are °Medea prospectively for antral penods teginning on or after January 1. 2016. with early adoption permitted is rot expected Wet these amendments we have an impact fa the Company, since the Company Ms not used a method based on income to depreciate es noncurrent assets F-391 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-0058668 CONFIDENTIAL SDNY_GM_00204852 EFTA01367140