EFTA01366831.pdf

Amendment #4 Page 402 of 868 Coln,ml, 18. Financial Instruments and risk management The Group conducts transactions with financial instruraents These devour instruments are managed thecugh operating strateges that aim at liquidity, profitabltty and Security The risks associated with these operations are managed a ccordng to the practices defined by management of the Group and Renova. incrulng the monitoring of the levers of exposure ()leach market risk and estimated I awe cash flows These prbeiCeS also determine that the mlermalran is updated in the GrOVP'S operating systems. as well as the iriormaton and operation ot ere tram:sarong with courlerparbes Caga)es of Ananc-a mstrumelts—The following table sunmartzes the Group's (mantel instruments by classification and related carrying annals as recorded in the combined balance sheets at March 31. 2015 and December 31. 2014 Merdi 31, 1015 December 31, 2014 Fair value Fair sakes through Other at through Other at Loans and profit or Hal to amortized Loans and profit or Held to amortized receivables Ion maturity cost Total makable* loss maturity cost Total Financial assets Current Shorsterm Investmeres — X 784 — 36,784 — 24,477 — 24 477 Trace receenalkes 21,258 — 21,258 22.475 — 22 475 lteCurrent ReVriCled deposits _ 171 019 — 171,019 — 160488 — 160,488 Fkianclal liabilities Current Trade payables — — — 16,425 16,425 — 18 460 18460 Borrowings — — — 7a 149 70,149 — 70.071 70.071 NeeCUrreril Born wings — — — 876,141 876,141 — 893,046 893046 F-82 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-0058359 CONFIDENTIAL SDNY_GM_00204543 EFTA01366831