EFTA Document EFTA01367273

Amendment #4 Page 844 of 868 lrM ..p ro,rymi 414 Taos The Company Saes ea cu lard and deferred tax assets vnth current arid deferred tax liabilities, respectively, if a legally enforceable right exrats to set of tre warts recogszed before the same taxation authority and when a fin the reenter) to Ix/update them for the net amount or to realize tre asset and settle me liability simultareoutay. 4 le Gwen/ income fax The Company calaMtes income tar by applying adjustments from certain itema affects by or sutiect to mane tax in conformity with current tax regulatons. Current tax, corresponding to present and prior perrods is recognized by the Company as a liability to the extent tret it is rot settled If the arrant already paid, which corresponds to present and prior penes, exceeds the amount payable fa those percOS, ore excess e recognized as an asset The Company recognizes current mama lax related to terns of other corrprehensive income directly in three items and rot in the results of the period 4 la 2 Deeetred axone tax Deferred income tax is determined by applying the bablty 'Tetrad to at temporary differences existing between the asset Imbday, and net equity tax base and the amounts recorded for finance' purposes as of the date of the statement of financial postion Deferred income tax is calculated using the lax rate expected to apply on the period when the asset is realized or the liability is settled Deferred tax assets are recognized only when there is reasonable probability of ter realization The carrying amount of deterred name tax assets is re' wed on tie date of the statement of financel median and reduced to the extent that dere longer probable that sultan taxable income will be available to fl ow all or pert of the deferred income tax asset to be utilized Likewise, on the closing date of each financial period. the Company reassesses the unrecogrrzed deferred tax assets to the extent tl"et tie probable thit rupee taxable income will allow the deferred tax assets to be recovered Deferred taxes related to items cf any conpehenswe income are recognized directly in those items and not in to results of the period 4 lit 3 Sate fax Revenue from sales is recorded by the Company net of sales tax, and a liability a reov•aed in the staterrert of financial canon fa the related sales tax ansourt Expenses and assets acquired are recorded by the Company net a sales tax if the tax authonbes credit these taxes to the Company. recogszing the accurnieted arrant receivable in the statement of financial position when the sides tax incurred's= recoverable, the Company includes t waren the expense or asset, as applicable 415 Significant accounting *Winer.s end assumption' Financel statement preparation reduces management to Make judgneres, estimates and assumptions arlearig reported amounts of revenue, expenses assets and babilibes, and to ctsclose contrivers hadas as of the reportng date However, uncertainty about these assumptions and shoats could tea in outcomes that rewire a material adjustment to the carrying amount of me asset or liability affected in future periods F-524 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-0058801 CONFIDENTIAL SDNY_GM_00204985 EFTA01367273