EFTA01366908.pdf

Amendment #4 Page 479 of 868 shly of to nem, 29 New standards, interpretations and amendments thereof, adopted by the Company The accourting Noes app/ ol by the Company n the preparation or these interim condensed financial statements are conselent wham those appked in the preparation of its annual Inertial statements for the year ended December 31, 2014 3. Seasonality of operations The Company s revenue depends on the wind power, which is narnally stronger dunng lee dry season, which in Honduras own from November !Not. March. Due to the seasonal nature of the business. higher revenues and operating profits are usually expected in the first quarter and in the fast has of the year in comparison with the remaining period of tie year. This nformaticn is provided to °tow for a proper appreciation of the rotas. however Management have concluded that R toes rot meet the definition of 'richly seasoner as considered by CAS 34 weave Chancre? Repabre 4. Cash Much 31 December 31 2016 2014 Urrestncted cash Banks S 2,186,962 S 4,463,157 Petty cash $702 5,188 S $1884154 S 4,468,345 Restricted cash in bank Cturrert g 12,095,233 S 15,197,262 Noncurrent 25.703,953 18.171.075 37,799,189 S 33.368.337 Cash deposited n bank exalt earns interest based on Oily rates determined by the conespondrig barn As of March 31, 2015, cash in the amount of US537,799,186 (December 31, 2014 U6533368,337) rs reelected under the loan agreement between Energia Eolca Export- Import Wilco( the Untied Sates (Ex.lm) arid its Central American Bank for Econornt Integratien (CABE (Note 9) Under the terms of its debt agreements the Comptony has a series of reelected bank accounts both 'onshore' in Honduras, and also off-shore Cash receipts from operator's are irately deposited directly into these restricted accounts are then based on contractually agreed prowler ate allocated into a series of subaccounts. restricted for specific operational arc met purposes ircludng bet rot limped to. construclon. debt service. mayor nen-Octane.* ,nuance, and shareholders drstribttions Except as expressly pleaded in thOSe debt ageernenta the restricted bank accounts are under the control of a tnatee and the Company has the right to wthdraw or transfer fords only as swessly provided n those debt agreerrerts F.159 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-0058436 CONFIDENTIAL SDNY GM_00204620 EFTA01366908