EFTA01366784.pdf

Amendment #4 Page 355 of 868 .10tIr i4 FernIt-0 ASU No. 201409, Revenue from Contracts St Customers (Topic 606) In Ma/ 2014 the EASE) issued ASU NO 2014-09 Revenue Iran Convects wen Customers. which requires an entey to recognize the amount of revenue to which it expects to be earl ed fa me transfer of promised goods a services to customers ASU 2014-09 wa replace most ousting revenue recognition gudance in U S GAAP when 4 becomes effective ASU 2014-09 is OWN° fa us cn January 1. 2017 Early appacalco is not permitted The standard permits the use el either a retrospactrve or cumulate* effect Venation method We have not dearraned which traretten nettled we wi adopt and we are c (nerdy evaluating the impact that ASU 2014479 mil have on our finance' statements and related diteloStreS igen adoption ASU No. 201416, Subtonic 20640, Presentation of Financial Statements—Going Concern (Topic 718) In August 2014, the FASB issued ASU No 201445, Presentation of Financial Statements—Going Ortern (Saaopc 205-40) Disclosure of Uncertaintes about an Entity s Ability to Conbroe M a Going Concern which recpres rnanagemert to evaluate, at each annual and rterim reporting paned whetter there are conditions or events that raise sutstentiai doubt about the en ays abilrty to oontinue as a going corcem wren one year age tne date tee finanoal statements are issued and to provide related disclosures ASU 2014-15 4 effects* for i.e for our fiscal year ending December 31. 2016 and for wenn penods thereafter We are currently evaluating the impact of this standard on our financial stiXements 3. Property and equipment Property and equipment corsets ce the following As of ti INR March 31, 2015 Decant0er 31, 2014 Land (Refer note 8) 69,308,894 69.308,894 Solar energy systems 2227,362,376 2227 362,376 Total property and equipment. at cost 2 296.671,270 2.296 671.270 Less accurntstated depreciator (158,551.721) (140.377.562) Total property and equipment, net 2,138,119.549 2466,233,708 Deprecation expense was INR 18,174 159 for both the quarters ended March 31 2015 and 2014 respectively 4. Debt Debt consists al the fallowing As of March 31.2016 As of December 31.2014 In INR Total princl • I Current Long-term Total principal Current Long-term International Finance Corporation 624,163 204 31,406640 592 754 554 624 163 204 31408640 592 754 564 PTC India Financial Services Limited 997,512 000 50 196 000 947 316 COO 1 009 260 000 49 395 OM 959,865. COO Total 1.821.675204 81,804,640 1 540 070 664 1,833,423,204 80 803.640 1.652619 564 Cur soar energy prOMCIS for which we nave longterm debt obligations ale preluded in these finanCal statements We typiCalij finance Our sObir energy projects through tbeCiliC debt secured by the ertity'S resets including movable and inenovable propertys taah present and future and share capital Typca IN. these financing arrangements provide for a credit facility used for a construaton which upon Completion is convened into term debt F45 http://cfdocs.btogo. corn:27638/cf/dna/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058312 CONFIDENTIAL SDNY_GM_00204496 EFTA01366784