EFTA01366834.pdf

Amendment #4 Page 405 of 868 Iskestient,sii, Ire table below sets 04/ details of the ougations assumed by the Group according to the contractual maturbes of its financial hat:cities as of Marro 31. 2015, talong into accourt principal and interest based on the undiscounted cash floss consdenng Ire earliest date on which the Group may rave to settle the respective otigabon weighted average Interest Less than 1 month to 3 months 1 year Over Financial Instruments Note rate 1 month 3 months b 1 year to 6 years 6 years Total Bofrovongs 8 7.02% 5.867 11.735 52,813 348.532 535,410 954,357 Cradle risk—Cleat risk is the nskontencial loss to the Group that a oounterporly will rot meet its obliges:as under a fnancial instrument or customer contract The Company is exposed to credit nsk from its operabrg activities (principally, trade recentables) and its investing Wales, ncluding deposes with banks and koncert institubons. and other finance] instrumerts Carrying amount Combined Note 341/16 12/31/14 Financial assets Current ShOrt4erm ewestnents 4 36,784 24,477 Trade receivables 5 21.258 22,475 Short-term rwerarrerts—Crecit nsk from balances with Ceres and financial insttutons is reneged by the Group's treasury deportment in accordance vnth the Group's policy. Investments of surplus funds are node one/ with approved counterparbes and warm credit Wrote assgned to each counterparty. Trade receivables—In the power sector, ter operatons earned or/ are directed to the regulatory agency that manure the active irtormabon on the positions of produced and consumed power Based on Ms structure, panning s made to operate the system without interferences or irterruptone Power is sad through auctrona agreements, among others O9 votive transactons—No tranSaChOnS wit) derrvatire firers:03i instruments were conducted in the periods reported Capeal rnansgemenr—The obtectrves 41 to Grow in magagng is carstal are toensure that the Group is always capable of providing retirn to es SharerbOtden rd benefits to other stakeholders. end maintains an adrequale capital shucks's to reduce this cost Combated Parch 31, December 31, 2016 2014 Borrowings 948290 963,117 Less Cash and cash equivalents and hon-temi investments arid restricted deposts 1231.258) (219,074) Net debt 715.032 744,043 Parents Net investment &26.933 609,395 Financial everage tato—% 114% 122% F85 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-0058362 CONFIDENTIAL SDNY_GM_00204546 EFTA01366834