EFTA Document EFTA01367239

Amendment #4 Page 810 of 868 <shit toineni. 4.12 BonowIng costs Borrow ng costs drecty ate:Wads to the acts/abort constructon a producton d an asset that necessanly takes a substantial wad of tine to get ready for its intended use or sale are caoraltzed as pail of the cost of the respectwe asset Borrowing coats include interest, &set-tangs differences and other borrowing costs Borrow ng costs trot do rot meet the criteria for cao-talizatico are recorded in the results of the year in which they aro incurred 413 Benefits for ternenstion of employment contracts The post-employment benefits la bitty is recognized by the Compare. in the period results to corer the payment d the seniority premium for personnel who rear, retie or are dernssedvarcul cause. which is regured by Nita ragas s Labor Code as f011ave3 one north of salary for each year worked for the first three years d service, and twenty days of salary for each additional year However, no compensation shall be less than one month or greater than five niOntha of Salary Edo records a Satiety on a monthly testa to corer future dsbasemerts for the concept The Company has not estates/led a pension benefit plan after retiremert 4.14 Tames The Company offsets es current and deferred tax assets with current and deferred tax liabilities. respectively. if a legally enforceable right exists to the arroints recognized before the same taxation authority and when it has the intention to I.:vitiate them for the net amount Of to tea kte the asset and settle the Iability simultaneously 414.1 Gwent Income tax The Company calculable income lax by applying adjustments from certain tens. affected by or &Axed to Moon* tax, in conformity win current lax regulations Current tax, corresponding to present and prior periods, is recognized by the Company as to the extent that it es not settled If the amours already paid. whch corresponds to present and prior periods. exceeds the amount payable for those periods. the excess a recogrized as an asset The Company recognizes current noon* tax related to items of other components* ocorre directly in these items and rot in the results of the penod 4.14.2 Oared Income tot Deferred income lax redetermined by applying the Natality rretrod to all temporary differences existing between the asset liability, and ret eqaty tax base and the arn:snts recorded for finance' purposes as of the date of the statement d frontlet positron Deferred income tax is calcdated using the tax rate expected to apply on the period when the asset s realized or toe liability is settled Deferred tax assets are recognized only when there is reasonable probability of tree realization The carrying amotrit of deferred income tax assets is reviewed on the date of the statement of financial position and reciaced to the extent trot it is no longer probable that eutficaenl taxable income will be available to Mow al cc part of the deferred income tax asset to be utilized Like wise on the closing date of each financial period, the Company reassesses the unrecognized deferred tax assets to the erred tat IS 19 protean that future taxable dine will allow the deferred tax assets to be recovered Deferred taxes related to llama of other oomprehensve income are fecognizelca so rectly in these terns and net in the results c4 the period F 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-0058767 CONFIDENTIAL SDNY_GM_00204951 EFTA01367239