Amendment #4 Page 633 of 868 liehk ofcelSefen The Operating Entities recorded clepteoaton expense related to property. plant and equipment of R29 324 589 and Wiz for the years ended December 31. 2014 and 2013. respectively Inducted in the bats me of solar energy systems es captalized interest an expenditixes dreg,/ globule:1e to the construction of the sour energy systems of R115 407 221 and R19 031 454 as al December 31. 2014 and 2013 ru.szed nth. Also inckcled n the balanm of solar energy systems is an asset fogging to the ARO, which is depreciated over the remaining term of the land lease Arnaunts totaling R41 264 442 and R14 670 965 were captalzed as at December 31. 2014 and 2013, respective)/ The ful value of the solar energy systems has been pledged as collateral against the longterm debt of lee Ogerabrg EMI es The far value of the property, ptant and equipment is considered to approximate is carrying amount for the years ended December 31. 2014 and 2013 7. Deferred financing costs OM issuance costs, compming legal fees wech were incurred by both Core and Enka in estadishing their loan beiges with ter Standard Bark of South Afnca Longed ('Standard Banc'). have been deferred on the balance sheet and are amateed based on the effectrxe interest rate over the period of Ire loan TM Omitting Entibes are also reamed to pay to an agent (for onward *steal on to Ire relevant lenders) a commitment fee don the facility anng a speeded availabaity penod The commitment tee is calculated daily dung me defined avat gamy period and is payable cparteny n arrears on March 31 June 30, September 30 and December 31 of each year. If an/ partion of Me avaiabla commitment under the I wady is canceled the ccrnmtnent fee is payable on any canceled amount at the tare the carcelabon is effective Corrrnament fees are deferred and amoneed on a straghsene basis acting the avaitalaity penod As at December 31, 2014 and 2013, deferred 1nanceg costs consist of Figures In ZAR 1