EFTA Document EFTA01367201

Amendment #4 Page 772 of 868 4.8.2 Certified Emission Reductions (CERs) The Company recognizes CE Rs in accordance with MS 2 inventory because they are held for sale in the orctrery course of lateness CE Rs are measured, initially and sitsequenny, al fair value 4A Intangible assets Intangible assets acquired separately are measured oddly at cost Following 'neat reccgneon, dangible assets we earned at cost less arty accumulated amortizaton and any aCCUTLiated impairment losses as reoessary