egaly in We public markets The accornparying financial statement have been prepared for use in a securities ling in connecton with the acassiton of Ire Company as eq:tored n Note 9 2. Basis of preparation of the financial statements and accounting policies The acoompanyng restated inenm condensed financial

1,817 S 714,884 S 19,171 S 35,185 S - S 977,754 As of March 31.2015 $180.782 $ 1,770 $ 606,801 $ 20671 5 30,269 $ 131 $1,068,721 Ire Company has recognized a deornmesioning prows:on related to its wind farm F.149 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-25

y') was organized as a corporation on June 10, 2005 under tre laws of the Republic of Hondas. where the Company is domiciled As of December 31, 2014 Ire Company is a 99.9% subsidiary or Gately:I Mesoarnerca Energy (Wed) Lusted COME Wine), a company incorporated at Bermuda. and Energla Eiblica's ultimate pare

ects re tax holiday to apply from April 1 2017 trrough March 31, 2027 The tax holiday provides bra zero percent tax rate during the years t applies. Ire Company had a net expense as a result of to tax holiday due to the origination of taxable temporary dfferences expected to reverse after the exprabon d the

h of its &cavities As of December 31. 2014 and 2013, there have net been any changes in the adrydes and potties of the Company s capital management Ire Company monitors capital using a geanng tato, defined as ex result of net debt tended by total captal plus net debt In Managements opinion, geanrg ratios as

OM convect was signed which amends the amount of semces to be rendered. (elect ng the actor on Cl new services to the congeal contract During 2014. Ire Company dsbursed Si 2.000,000 (Si 1.8853:00 in 2013). which is recorded in the 'Cost ci generation' and 'Actininstratnre expenses captions of Me statements

nd ',abateswhich are lectured to be re-measured or in accordance with the accounting policies of the Corrceny. For moose, of far value disclosures. Ire Company has determined ceases of assets fret liabilities on the basis e1 the nature, chsactenstics and MKS and the level or the law value hierarchy as expla

3.2 Restatement of financial statements Owing its preparaton of the accompanying restated fnarcial statements for the purpose described in Note 3 1. Ire Company identified certain accountng errors that are being retrospectively corrected herein They are explained as follows • The Company has olentted the ne

0 Decommissioning and restoration pro/rates — — 467,971 467 971 S 10.455248 S 4.058.348 S 183.587.743 S 198.081 335 21. Capital management Ire Company c iron objective on capital rrenadement is to ensure that it mortars a sold credit ratio and healthy financial capital rake to support as business a

000 to Ganaderla El Lena, as a security deposit The Compaq recognized such payment as an intangible asset, vMch is amortized in 20 years (rape 11) Ire Company also signed lease agreements with Ganaderla El Omen and Corporao6n Garedera Intemmericana over the farms for a penal d 10 years that wit commerce up

the 'SecurtyTrLst Agreement, and the three 'Loan Agreements' T re loan documents establish affirmative negative and certain financial covenants for Ire Company. Ire loans for Ire financng 01 construction are seared by the Project and an is assets, wth Banco BCT, S A acting as securly trustee and onshore Acc

that rt will ultrnalely recover is deferred tax assets recorded at both December 31.2014 and 2013 21. Agreements and commitments 21.1 Guarantees Ire Company nes recognized a restoration proviso n to camp/ with tre reforestation pen commtment (note 15) 212 Emaronntentat comentents As part of tre environm

f emnronmertal rcidents, proper rrenagernent of waste materials and suomneon of eneronmertal compliance reports penoclicalty to Serena. among otters Ire Company has a guarantee with Banco Nacional oat Costa Rica of USS9200C0 21.3 Power plane construction The Company entered into an E PC agreement with Games