Amendment #4 Page 616 of 868 1.51, 4 Con!ent. 16. Costs and expenses by nature 2014 2013 Cost of services provided Expenses Cost of services provided Expenses Distritution system lee Inspection fee (11,715) (1,258) — — (11 307) (124) — — (12,973) — (11 431) — Deprecation 0(10 amortizatonn (1AM) (797) 166.912) (895) Thrdparty semen (25,424) (10.567) (5.527) (8,896) Personnel expenses _ (6,652) — (1545) Remade (1,921) (413) (1.742) (732) Insurance (1,721) (56) (3538) (53) Otter (expenses) moire. net (248) 21 (244) (781) (97,382) (18.454) (77.963) (15,882) Total (110.355) (18.464) (89.394) (15.882) fl iieorei R$702 ea RS838 Ice 2014 as 2013 feionenk. n eicalod tan Pant (ma 14) 17. Finance Income (expenses) 2014 2013 Finance more income fiom shod-term investments and restricted deposits 19.963 1Z103 Other 41 19.963 12,144 Frame expenses Interest on borrowings (59,725) (73,552) Financing and g. grantee fees. expenses. taxes arid others (6.247) (6507) (75.972) (80059) Finance experrse—net (56.009) 07.915) 18. Financial instruments and risk management The Group cond./as uansacbons with financial instn.ments These financial instn.rnents ale managed througb operating strategies that aim at liquidity. profitablity and sects Ity The risks associated with these operations are managed acoordng to the practices defined by management or the Group and Panora, includng the 510111(Orna of the levels of exposure of each market risk and estimated future cash nom These practices also determine that the oformeton is updated in the Group's operating systems, et well as the information and operation or the transaceons with courterpartles F-296 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-0058573 CONFIDENTIAL SDNY_GM_00204757 EFTA01367045