EFTA Document EFTA01367269

Amendment #4 Page 840 of 868 slit of fbaMml• Impairment of 'inertial assets recorded at arnoneed cost Wren tre Company deterrnnes that it res incurred in an impairment Ices in the value of its financial assets tamed at a morteed cost, it estimates the loss amount as the cifference between tre assets carrying amount and the present value or future cash flows Oscouled at tre ferercel asset's signal effective interest rate. t deduce. the loss from the asset's carrying ataxia and recognizes such kiss a the results of Me yew in which it occus If, in a sib~ period, Me anane of the loss due to impairment decreases and may te otrectwely related to an event subsequent to the recognition of impairment the impaim*td toes is reversed Once the reversal a recorded, the carrying amount at the financial asset cannot exceed Ire ongnal amortized amount The amount of the reversal is recognized in tie results cf the year in vetch it occurs 4 54 Cenaccgotor °Hirano& assets Financial assets are derecognized ty Pe Company when tre °Vesta receNe cash flows tan the asset have expired, or when the financial asset a transferred along with Its inherent risks and benefits are cortraclual sights to teethe cash flaws from the asset are surrendered. or when tre Company retains the contractual %Ns to receive cash flows arc assumes the obligation to pay therm to ore or more penes 48 Faroe's! Sainte. 4 6 Tiny& recogneon and measurement Financial *abates within the scope of IPS 39 are classified 'refinance' liabilities al far value through prole or kiss loans and borrowings or as derivatives designated as 'edging rstrumeres in an effective hedge, as appropriate The Company determines the classification of its finance' Saba ties at initial recognition Crosi recognizes all financial tablets really al lair value on me date or acceptance or contracting of the lability_ plus, in tre case of leant and berromngs. directly attribulabe transaction ants The Company*, fnancial liabilites include notes and accounts payable and accrued *Stearn« 4 6 1Subsequent measurement of nctes and accounts payable and accrued ~onset After initial ~Cron, tine financial rshuments are subsequent,/ measured at amortized cost using the effective interest method The Company recognizes gains cc losses in the statement of comprehensive income when the financial liability is cbrecognzed as wee as thnxgh the amortization process 4 6 3Derecogriron Finance' liabilities are derecograzed wren the obligmoin res been pact cancelled or expires When a financial habSty is replaced by another, the Company derecognees the original and recognizes a new Salty. Differences not may result from these financial liability replacements are recognized though profit or loss when incurred 47 ~NM; financial instninionta and bodge accountlng 4 7 I IneAarrecogmecin and subsequent measurement The Company Lees derivative financial irstrumerts. interest rate caps, to hedge the nsk of interest rate fluctuations, and does not hoe or issue derstative financial ralmments for trading purposes. Such demrative financial instruments are initially recorued at fair vake on the (late on which a derivative contract is obtained ard are sultepert,/ re-measured al tar value F.520 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-0058797 CONFIDENTIAL SDNY_GM_00204981 EFTA01367269