Amendment #4 Page 547 of 868 cglewil‘ futue estimated undrsoounied cash flows expected from an asset are less than ascanying value. An immanent charge is measured as the difference between an asset's carrying amoum and fair value with the difference recorded in operatng costs and expenses in the statement of operators Fair values are detwmned by a vanety of valuation methods induct rig appraisals. sales pnces of similar assets and present value techniques There were no impairments recognized during the years ended December 31, 2014 and 2013 Revolve recognition The Companys revenues are Planed through the sale of energy pssuant to terms of a poser purchase agreement ('PPA') cc other conbactual arrangements which has a remaining We of 22 years as c4 December 31. 2014 The PPA is accounted for as operating leases, has no (annum lease payments and all of the rental income under these lease is recorded as inc.:me when the electricity e delivered The contingent rental income recognized ri the years ended December 31, 2014 and 2013 was NR 360.452,144 and INR 316.461.557 respectwely Income fans Income taxes a re accounted for under the asset and lability melted Deferred tax assets and liabilities are recognzed for the faille tax consequences attributable to differences between the financial statement carrying amxints of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards Deferred tax assets and babble,a we measured using enacted tax rates expected to appW to taxable income in the years n when those temporary differences are expected to be recovered or settled We ignore the f uure originating temporary differences and schedule the existing temporary differences wren they originate and reverse on a fist-in-first-out 0396 when determinng the tax rate expected to apply for purposes of measuring deferred taxes. The effect on deferred tax assets and loonies d a change in tax rate is recognized in operat