Amendment #4 Page 355 of 868 .10tIr i4 FernIt-0 ASU No. 201409, Revenue from Contracts St Customers (Topic 606) In Ma/ 2014 the EASE) issued ASU NO 2014-09 Revenue Iran Convects wen Customers. which requires an entey to recognize the amount of revenue to which it expects to be earl ed fa me transfer of promised goods a services to customers ASU 2014-09 wa replace most ousting revenue recognition gudance in U S GAAP when 4 becomes effective ASU 2014-09 is OWN° fa us cn January 1. 2017 Early appacalco is not permitted The standard permits the use el either a retrospactrve or cumulate* effect Venation method We have not dearraned which traretten nettled we wi adopt and we are c (nerdy evaluating the impact that ASU 2014479 mil have on our finance' statements and related diteloStreS igen adoption ASU No. 201416, Subtonic 20640, Presentation of Financial Statements—Going Concern (Topic 718) In August 2014, the FASB issued ASU No 201445, Presentation of Financial Statements—Going Or tern (Saaopc 205-40) Disclosure of Uncertaintes about an Entity s Ability to Conbroe M a Going Concern which recpres rnanagemert to evaluate, at each annual and rterim reporting paned whetter there are conditions or events that raise sutstentiai doubt about the en ays abilrty to oontinue as a going corcem wren one year age tne date tee finanoal statements are issued and to provide related disclosures ASU 2014-15 4 effects* for i.e for our fiscal year ending December 31. 2016 and for wenn penods thereafter We are currently evaluating the impact of this standard on our financial stiXements 3. Property and equipment Property and equipment corsets ce the following As of ti INR March 31, 2015 Decant0er 31, 2014 Land (Refer note 8) 69,308,894 69.308,894 Solar energy systems 2227,362,376 2227 362,376 Total property and equipment. at cost 2 296.671,270 2.296 671.270 Less accurntstated depreciator (158,551.721) (140.377.562) Total property and equipment, net 2,138,1