Amendment #4 Page 392 of 868 shit ,f co ruin. As me Group did rot operate as a stand-atone entty n the past, the unaudited condensed combined intenm financial statements may not be nocabve of Ire Group's rutin performance and does not necessanty reflect what as combined results of operations, financial position and cash flows would have teen had the Group operated as a separate ertity apart from Renova during the periods preserted The condensed cembined interimfnencial statements is presented in thousands of Braaten Rees (RS). uraess otherwse stated Management of the Group authorized the issuance of these condensecicombned interim financial statements on „fine 10. 2015 3. Summary of significant accounting policies The accounting policies adopted in the preparation of the condensed coritined interim fireman statement are consatent web those fdloaed in the preparation of the Groups combned Normal statements as of and for the years ended December 31.2014 and 2013, except for the adoption of new standards and interpretations effective es of January 1, 2015, none of which had a material impact on the cond.:Mead combned interim financial statements of the Group The preparation of the condensed corritered ntenm financial statements refixes management to make estimates and assumptions Vet affect the reported anoints of assets and 'ablates and dsclosure of cortngert assets and liabilities at the end of the reporting period, and the reported amounts of revenue and experees dung the reportlrg period Actual resctts could vary from these estenates The estimates and underlying assort:eons are reviewed on an ongoing basis Revisions toaccourting estimates are recognzed in the period in which the catenate is revised if the revision affects only that period or in the pared of the tension and future periods if the revision affects both current and future periods 4. Cash and cash equivalents and short-term investments March 31. December 31, 2016 2014 Cash 19 1