EFTA01367206.pdf

Amendment #4 Page 777 of 868 . on, ?FRS fit Regtezeay Deena, Accounts CRS 14 man optonal standard that allows en entry, whose amides me subject to raferegulaton to continue applying most a its existing accounts') policies for regulatory deferral account balances upon es first time adoption of IFRS IFRS 14 s effectwe for annual periods beginning on or after January 1. 2018 /FRS 15 Revenue from Contracts nthCustomers IFRS 15 was issued in May 2014 and establshes a new fweetep model ter we appty to revenue arising from contracts with customers Under IFRS 15 revenue is recognized at an amount that (elects the censclerabon to which an entity expects to be enttled in exchange for transferring goods or senses to a customer The principles in IFRS 15 provide a more stitch:tiff approach to meastorg and recognzing revenue The now revenue standard is apple:etre M as entities and will supersede all current revenue recognition recturerneres under IFRS Ether a full or molted retrospective applatton is required for annual periods beginning on or after January 1. 2017 with early adopton permitted Amendments 1b (AS /6 and MS 38 Cienhcanal oF Acceptable Matta ot Deprecation and Acnorezencn Ire amendments clarify the ponce* in IAS 16 and IAS 38 Wet revenue reflects a pattern of ecoromc benefits mat are generated from operating a Maness (of which the asset is pert) rather than the economic benefits that are consuned through use of the asset As a result a revenue-based method cannot be used to depreciate property. plant and equipment and may only be used in very limited ovoithstames learn:Mee intangible assets The amendments are effectrint prospects,* for annual periods begerring on or after January 1. 2016 withearly adoption permitted Amendmerts to (AS 16 and /AS 47 Arcata. Beers Rents The amendments change the securing requirements for bdogcal assets that meet the definition 41 tearer plants Under the amendments, biological assets that meet the definition of tearer parts wrll no longer be within the scope of IAS 41 Instead lAS 16 will apply After neer reccgnittan. bearer pants vile be measured under LAS 16 at accumulated cost (before maturity) and using either the cost model or revaluaton model (after rnatunty) The amendments also require that produce that grows on bearer plants will remain in the scope el IAS 41 measured at far value less costs to see For goverment grants related to bearer pants, IAS 20 AccamtIng for Government Guinan,Disclosue of Government AtzuStances will appty The amendments are retrospectively effective la smith periods beginning on or after January 1 2016 with early adoption permitted. Amen:1.17,5ns to (AS 19DefinedBenefit Plans Employee Coant.etons 'AS 19 requires an entity to Consider contributors from employees or I red parties when accounting for defined benefit pans where the contn Cubans are linked to service. they should be attributed 10 periods of service as a regative benefit These amendments clarity that, if the arrcurt of the contributors is independent of the number of years of service. an entity is permitted to recognize such coninbutbrs as a reduction in the service cost in the period in which the once is rendered, instead of allocatrig the contributions to the periods of service flys amendment is effective le amual penes beginning on or aster July 1, 2014 F•457 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-0058734 CONFIDENTIAL SDNY_GM_00204918 EFTA01367206