EFTA Document EFTA01367276

Amendment #4 Page 847 of 868 Tehlrg.PSIMIII• The amendments apply to both the acquertan of the nba nterest in a pint operation art the acquseon of any additional interests in the same Joint operation and are prospects's, effecave for annual penoct begunning on or after January 1 2016 win early adopter permitted Annual lap:woman* hone the 2010.2012 and 2011-2013 Cycles The forbwinglist et improvements to standards is effective from 941, 2014 • IFRS 2 Snare based Payment This improvement is applied prospecimery aril clarifies various issues retatrg to the Cellist ens of performance and service orations which are vesting a:nations • IFRS 3 Business CArnasnanans The amendment is accred prospeasety and diorites that all coresident consideration arrangements classified as liar:tees (or assets) arising from a business comb navon should be subseq-ently measured at far value through profs or loss whether or not they fall within the scope of IFRS 9 (or IAS 39 as applicabe) • IFRS 3 Business Cornlynatons The amendment is eloped prospectively and denies for the scope exceptiass witrin IFRS 3 that a) pint arrangements not lust pint ventures, are outside the scope el IFRS 3. and o) the scope exception applies airs/bele accountng nineInaba statements of the ion' arrangement itself • (FRS 8 Operating Segments The amendments are applied retrospectrvdy and clarifies that a) an entty mat disclose the judgments made by managemert in applying the aggregaton cntena in paragraph 12 of IFRS 8 including a brief description of operating segments that have been aggregated and the economc characteristics (e g sales and gross margins) used to assess whether the segments are 'similar. and 0) the reconciliabon of segment assets to total assets is only required to be disclosed if the reconcsaton is reported to the chef operating decision maker, smila to the required disclosure for segment liabilities • 'FRS 13 Far Value ASsesioorrichr The amendment is applied vospecbvely and clarifies that the portfolio exception in IFRS 13 can be applied rot only to Inancial assets and fnancel Stales IAA also to other contracts within the scope of IFRS 9 (or IAS 39. as applicable) • /AS 16 PrOpOny. Pent and Eltsprnalf and IAS 38 Intangible Assets The arnerXImerl is applied relrospectwely and clarifies in IAS 16 and IAS 38 that the asset may be revalued by reference to observable data o* either the gross or Ire net camying amount In addition the accumulated depreciation or amortization is I ne diffefence between the gross and earning amounts of the asset IAS 24 Related Party Disclosures • IAS 24 Rateasi Party Omsclosaves The amendment is applied retrospectwely and clarifies that a management ent Ay Ian entty that ptcmdes key management personnel servces) is a related party sublet,' to the related parry dsclosures In addition an errty that uses a management entry is required to Osdose tre expenses incurred for management services • /AS 40 Irnrestnent Property The description of ancillary services n IAS 40 differentotes between investment property and owner-occupied property 0 e . property plant and equipment) The amendment is applied iXOSpeCtraty and dahlia that IF RS 3, and not the description ci ancillary services in IAS 40, is Leed to determine if the transaction Is the purchase of an asset or busniess combination The Ccmparg rag not yet evaluated the impact that the aforementioned new accounting standards will have on its financial statements F-527 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-0058804 CONFIDENTIAL SDNY_GM_00204988 EFTA01367276