EFTA01366845.pdf

Amendment #4 Page 416 of 868 Isix14/.9tflatml 5. Accounts receivable Accounts receivable consist a Minch 31, December 31, Figures In ZAR'000 2016 2014 Trade debtors 81,128 73.582 The Deming Entries' sole trade debtor. Eskcm, is a stale owned entry The PPA also makes piovison in the event that Eskom defaults on payment. the South African Department of Erergyvnll settle the outstardirg debt As the amounts cmnrg by Eskcrn have been guava 'Iced ty a govemmertal agency. all amounts owing by Eskom are considered fully recoverable Further. no allowance for doubtful accourcs has teen recognzed as no derautt indicator nas been (Perched N(ne of ire receivables are past due or impeired The rut value of accounts receivable has been dodged as collateral against the bnipterm debt of the Operating Belles 6. Property, plant and equipment Property, plate and equipment, teL Calash& cr Me followrg March 31, December 31, Figures In ZAR100 2016 2014 Solar energy systems 2,26 (4h 17n) 35 2.270 811 Less accumulated depreciation—solar energy systems 129.325) Property dare and equipment net 2,213.812 2.241.4" Tne Detrain° Entitles recorded depreciation expense related to property, plant end equpment of R18 798 827 for the three mats ended March 31, 2015. No deprecation expense was recognized for the three menthe ended Wren 31. 2014 Included in the balance of solar energy systems s captalized interest at cocerditues deadly attributable to the construction d the solar energy systems of R115 407 221 as at March 31, 2015 and at December 31, 2014 Also road n the balance of solar energy systems s an asset retating to the ARO, which is depreciated over ire remaining term of the Land lease No additional aminits were capitalized as at March 31, 2O15 R41 284 442 was capralizeo as at December 31, 2014 The rut value of the solar energy systemit has been pledged as collateral against the long-term dell of the Oceraerg Entities The far value d the property, dare and ecr.ipr-e-r is co-isIderv:I to aporox mate as carrying amount for tie three mores ended March 31, 2015 and for the year ended December 31 2014 7. Deferred financing costs Deb: issuance costs xinprs4ng regal fees, which were Incurred by both Core and Enka in establishing their loan ?scribes with the Standard Bank of South Africa Limited CStandard Barge), have been deferred on tne balance sheet and we anactleed based on ire of ecOve interest rate over tre period of the loan The Operating Entries are also reduced to pay loan agent (for onward detntxtion to tie relevant lenders) a commitment fee for the facility canng a specified available,/ penod The corrennmeM fee is calculated daily dunng the defined availability penod and is payable quarterly n arrears on March 31, June 30. September 30 1-96 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-0058373 CONFIDENTIAL SONY GM_00204557 EFTA01366845