ࡱ> YzbjbjWW==.]@@@8\\՜՜՜nppp4@@$$sNHA@՜y|\ ՜՜՜Hye՜~>@nT::՜n~0 .@ntS>J$!# !"+ ""  +!(#  . ! "%'! !""#" ! ! 0D54@0 -:>=><8:0 8 C?@02;5=85 C@A>2>9 ?@>5:B > 48AF8?;8=5 @30=870F8O, =>@<8@>20=85 8 >?;0B0 B@C40 "5<0: =0;87 8A?>;L7>20=8O @01>G53> 2@5<5=8 8 ?CB8 A>:@0I5=8O =5?@>872>4AB25==KE 70B@0B 8 ?>B5@L @01>G53> 2@5<5=8 (=0 ?@8<5@5  -;530=B) K?>;=8;0: ABC45=B:0 3@C??K -7-401 >A>20 .. @>25@8;0: 5B>H:> .. ">;LOBB8 2000 !>45@60=85: 2545=85 3 "5>@5B8G5A:85 >A=>2K 8A?>;L7>20=8O @01>G53> 2@5<5=8 4 1.1 01>G55 2@5<O, 53> AB@C:BC@0, :;0AA8D8:0F8O 70B@0B @01>G53> 2@5<5=8 4 1.2 5B>4K 87CG5=8O 70B@0B @01>G53> 2@5<5=8 8 B@C4>2KE ?@>F5AA>2 8 1.2.1 ;0AA8D8:0F8O <5B>4>2 8 A?>A>1>2 8AA;54>20=8O @01>G53> 2@5<5=8 8 1.2.2 $>B>3@0D8O @01>G53> 4=O 9 1.2.3 %@>=><5B@06 11 1.3 #A;>28O 8 D0:B>@K A>:@0I5=8O ?>B5@L @01>G53> 2@5<5=8 12 2. =0;87 8A?>;L7>20=8O D>=40 @01>G53> 2@5<5=8 13 2.1 @0B:0O E0@0:B5@8AB8:0  -;530=B 13 2.2 =0;87 MDD5:B82=>AB8 8A?>;L7>20=8O D>=40 @01>G53> 2@5<5=8 15 2.3 =0;87 A>AB>O=8O >@30=870F88 8 >1A;C6820=8O @01>G53> <5AB0 23 3. 5:><5=40F88 ?> ?>2KH5=8N MDD5:B82=>AB8 8A?>;L7>20=8O D>=40 @01>G53> 2@5<5=8 25 0:;NG5=85 27 2545=85 !>25@H5=AB2>20=85 >@30=870F88 B@C40 =0 >A=>25 =0CG=>->1>A=>20==KE @5:><5=40F89 >B=>A8BAO : G8A;C 206=59H8E 7040G A>2@5<5==>3> ?@>872>4AB20 1KB>2KE CA;C3, O2;O5BAO >4=8< 87 >A=>2=KE CA;>289 2 @5H5=88 7040G, ?>AB02;5==KE ?@54?@8OB85<. ACI5AB2;5=85 <5@>?@8OB89 ?> =0CG=>9 >@30=870F88 B@C40 =0 ?@54?@8OB8OE 1KB>2>3> >1A;C6820=8O =0A5;5=8O, =5A><=5==>, 1C45B A?>A>1AB2>20BL H8@>:><C 8A?>;L7>20=8N 4>AB865=89 =0C:8, B5E=8:8, ?5@54>2>3> >?KB0, <5E0=870F88 ?@>872>4AB25==>3> ?@>F5AA0 2K?>;=5=8O CA;C3, ?>2KH5=8N MDD5:B82=>ABL B@C4>2KE 8 <0B5@80;L=KE @5AC@A>2, 2KA>:><C :0G5AB2C 2K?>;=5==KE @01>B. !>25@H5=AB2>20=85 >@30=870F88 B@C40 =0 @01>G5< <5AB5, MB> ?@>F5AA =5?@5@K2=>3> 2=5A5=8O 2 ACI5AB2CNICN >@30=870F8N B@C40 2A53> =>2>3> 8 ?5@54>2>3>. 4=0:>, MDD5:B82=>ABL MB>3> ?@>F5AA0 1C45B >15A?5G820BLAO B>340, :>340 ACI5AB2CNI59 C@>25=L >@30=870F88 B@C40 =0 @01>G5< <5AB5 1C45B ?>AB>O==> 0=0;878@>20BLAO. &5;L B0:>3> 0=0;870 - >?@545;5=85 A>>B25BAB28O (8;8 >B:;>=5=8O) A>AB>O=8O 2A5E M;5<5=B>2 >@30=870F88 @01>G53> <5AB0 B8?>2K< @5H5=8O<, =>@<0< ?@>5:B8@>20=8O, >B@060NI8< =>259H85 4>AB865=8O =0C:8 8 B5E=8:8, ?5@54>2>3> >?KB0. -DD5:B82=>5 8A?>;L7>20=85 B@C4>2KE @5AC@A>2, A>740=85 1;03>?@8OB=KE CA;>289 B@C40 >:07K20NB 2;8O=85 =0 C@>25=L ?@>872>48B5;L=>AB8 B@C40 8, G5@57 ?>:070B5;L MDD5:B82=>AB8 B@C40 =0 C25;8G5=85 >1J5<>2 >:070==KE CA;C3, =0 A@>:8 2K?>;=5=8O, =0 MDD5:B82=>ABL 8A?>;L7>20=8O <>I=>AB59, 0 B0:65 =0 A515AB>8<>ABL >:07K205<KE CA;C3, B.5. =0 B5E=8:>-M:>=><8G5A:85 ?>:070B5;O @01>BK ?@54?@8OB8O. >MB><C =0 A53>4=OH=89 45=L >G5=L 206=> 4;O ?@54?@8OB8O >15A?5G8BL MDD5:B82=>5 8A?>;L7>20=85 D>=40 @01>G53> 2@5<5=8, 0 4;O MB>3> =C6=> CAB0=>28BL 25;8G8=C ?>B5@L @01>G53> 2@5<5=8 8 2KO28BL ?@8G8=K, 2K7K20NI85 C @01>B=8:0 MB8 ?>B5@8. A=>2=0O F5;L :C@A>2>3> ?@>5:B0 - 2KO28BL 2=CB@8?@>872>4AB25==K5 @575@2K 8 4>?>;=8B5;L=K5 2>7<>6=>AB8 4;O @>AB0 MDD5:B82=>AB8 8A?>;L7>20=8O @01>G53> 2@5<5=8. A=>2=K<8 7040G0<8 0=0;870 - 8A?>;L7>20=8O D>=40 @01>G53> 2@5<5=8 O2;O5BAO, >15A?5G820NI8<8 4>AB865=85 ?>AB02;5==>9 2 :C@A>2>< ?@>5:B5 F5;8 O2;ONBAO: 1. ?@545;5=85 F5;>4=52=KE ?>B5@L @01>G53> 2@5<5=8; 2. ?@545;5=85 2=CB@8A<5==KE ?>B5@L @01>G53> 2@5<5=8; 3. =0;87 >@30=870F88 8 >1A;C6820=8O @01>G53> <5AB0; 4. 07@01>B:0 <5@>?@8OB89 ?> A>:@0I5=8N ?>B5@L @01>G53> 2@5<5=8, 5. 0AG5B MDD5:B82=>AB8 ?@54;0305<KE <5@>?@8OB89. 1J5:B>< 8AA;54>20=8O O2;O5BAO 0B5;L5 "-;530=B", >A=>2=K< 284>< 45OB5;L=>AB8 :>B>@>3> O2;O5BAO @5<>=B 8 ?>H82 8745;89 8=48284C0;L=>3> E0@0:B5@0. 1. "5>@5B8G5A:85 >A=>2K 8A?>;L7>20=8O @01>G53> 2@5<5=8. 1.1. 01>G55 2@5<O, 53> AB@C:BC@0, :;0AA8D8:0F8O 70B@0B @01>G53> 2@5<5=8 "@C4 - MB> ;N1K5 C<AB25==K5 8 D878G5A:85 CA8;8O, ?@8;0305<K5 ;N4L<8 2 ?@>F5AA5 E>7O9AB25==>9 45OB5;L=>AB8. @5<O, 2 CG5=85 :>B>@>3> G5;>25: B@C48BAO, =07K205BAO @01>G8< 4=5<, 8;8 @01>G8< 2@5<5=5<. @>4>;68B5;L=>ABL @01>G53> 2@5<5=8 25;8G8=0 87<5=G820O, => 8 >=0 8<55B >?@545;5==K5 3@0=8FK. 3> <0:A8<0;L=0O ?@>4>;68B5;L=>ABL >?@545;O5<AO 42C<O D0:B>@0<8: 2>-?5@2KE, G5;>25: =5 <>65B @01>B0BL 4204F0BL G5BK@5 G0A0 2 ACB:8, ?>A:>;L:C 5<C =5>1E>48<> 2@5<O 4;O A=0, >B4KE, ?@8=OB8O ?8I8, B.5. =0 2>AAB0=>2;5=85 A?>A>1=>AB8 B@C48BLAO. >-2B>@KE, 3@0=8F0 @01>G53> 2@5<5=8 >?@545;O5BAO B@51>20=8O<8 <>@0;L=>3> 8 A>F80;L=>3> E0@0:B5@0, 254L G5;>25:C =5>1E>48<> =5 B>;L:> D878G5A:>5 2>AAB0=>2;5=85 A8;, => 8 C4>2;5B2>@5=85 :0:8E- B> 4CE>2=KE ?>B@51=>AB59. 0 D0:B8G5A:CN ?@>4>;68B5;L=>ABL @01>G53> 2@5<5=8 >:07K20NB 2;8O=85 B0:85 D0:B>@K, :0: 8=B5=A82=>ABL B@C40, 42865=85 D07 ?@><KH;5==>3> F8:;0, C@>25=L 157@01>B8FK. @>4>;68B5;L=>ABL @01>G53> 2@5<5=8 =05<=KE @01>B=8:>2 >?@545;O5BAO A>3;0H5=8O<8 <564C ?@54?@8=8<0B5;O<8 8 ?@>DA>N70<8. A?>;L7>20=85 @01>G53> 2@5<5=8 45;8BAO =0 A;54CNI85 :0B53>@88: 1. >43>B>28B5;L=>-70:;NG8B5;L=>5 2@5<O-MB> 7=0:><AB2> A 7040=85<, ?>;CG5=85 8=AB@C<5=B>2, <0B5@80;>2, 8E @0A:;04:0 2 =0G0;5 A<5=K 8;8 2 =0G0;5 >1@01>B:8 ?0@B88 8 2A5 MB> 65 2 :>=F5 A<5=K; 2. ?5@0B82=0O @01>B0 2@5<O => ?@5>1@07>20=8N ?@54<5B>2 B@C40, :>B>@>5 45;8BAO =0 >A=>2=>5 8 2A?><>30B5;L=>5: 3. 0@30=870F8O >1A;C6820=8O @01>G53> <5AB0 - 2@5<O, :>B>@>5 @01>G89 B@0B8B =0 ?>445@60=85 @01>G53> <5AB0 2 A>AB>O=88 3>B>2=>AB8, 4;O ?@>872>48B5;L=>9 @01>BK; 4. B4KE 8 ;8G=K5 =04>1=>AB8, 7028AOB >B CA;>289 B@C40; 5. 5?@>872>48B5;L=0O @01>B0 2@5<O-2@5<O, :>B>@>5 @01>G89 B@0B8B =0 @01>BC, :>B>@0O =5 O2;O5BAO 53> >A=>2=>9 >?5@0F859; 6. 0@CH5=85 B@C4>2>9 48AF8?;8=K; 7. 5@5@K2K ?> >@3B5E?@8G8=0<, B.5. =5 7028AOI85 >B @01>B=8:0 8. 53;0<5=B8@>20==K5 ?5@5@K2K, >1CA;>2;5==K5 B5E=>;>38O<8 0B53>@88, 2>7<>6=K5 70B@0BK 8 ?>B5@8 @01>G53> 2@5<5=8, 8E 8=45:AK 1>;55 ?>4@>1=> @0AA<>B@5=K 2 B01;8F5 1.1. ;0AA8D8:0F8O 70B@0B 8 ?>B5@L @01>G53> 2@5<5=8 "01;8F0 1.1  0B53>@88 @01>G53> 08<5=>20=85 70B@0B 8 ?>B5@L @01>G53> 2@5<5=8 =45:AK @5<5=8  >43>B>28B5;L=>- 7=0:><;5=85 A =0@O4><  70:;NG8B5;L=>5 2@5<O >;CG5=85 8=AB@C:B060 >7=0:><;5=85 A >A>15==>ABLN >1@01>B:8 70:070 0;04:0 >1>@C4>20=8O >;CG5=85 8 A40G0 @01>BK 7=0:><;5=85 A G5@B56><, AE5<>9, :>=AB@C:F859 ?5@0B82=>5 2@5<O K?>;=5=85 ?@54CA<>B@5==>9 >?5@0F859 @01>BK   @5<O >1A;C6820=8O 0A:;04:0 8 C1>@:0 8=AB@C<5=B0, 703>;>2>:, ! @01>G53> <5AB0 ?>;CD01@8:0B>2, E8<8:0B>2 8 4@. >43>B>2:0 8 C1>@:0 @01>G53> <5AB0 0B>G:0 8=AB@C<5=B0 (<5;0, :0@0=40H0) '8AB:0, A<07:0, =0;04:0 >1>@C4>20=8O  !<5=0 83;K, =8B>: B4KE 8 ;8G=K5 B4KE  =04>1=>AB8 8G=K5 =04>1=>AB8  @5<O A?@02;5=85 1@0:0   =5?@>872>48B5;L=>9 @>872>4AB2> @5<>=B0 >1>@C4>20=8O, @01>BK 8=AB@C<5=B0 A0<8< @01>G8< 01>B0, =5 ?@54CA<>B@5==0O >@30=870F8>==>9 >?5@0F859 #G0AB85 2 ?@>2545=88 ?@8<5@:8 2<5AB5 A 70:@>9I8:>< K?>;=5=85 B@0=A?>@B=KE @01>B ?@8 =0;8G88 B@0=A?>@B=KE @01>G8E  @5<O ?5@5@K2>2 ?> 6840=85 @01>BK " >@3B5E=8G5A:8< 6840=85 8=AB@C<5=B0 8 E>645=85 70 =8< 6840=85 @5<>=B0 =0;04:8 >1>@C4>20=8O BACBAB285 M=5@388 6840=85 B@0=A?>@B=KE A@54AB2 @>2545=85 A>25I0=89, A>1@0=89 2 @01>G55 2@5<O  @5<O ?5@5@K2>2, >74=55 =0G0;> 8 @0==55 >:>=G0=85 @01>BK " 2K720==KE =0@CH5=85< 5A;C651=K5 >B;CG:8 B@C4>2>9 48AF8?;8=K >AB>@>==85 @073>2>@K  K?>;=5=85 >1I5AB25==KE >1O70==>AB59 2 @01>G55  2@5<O ! F5;LN A8AB5<0B870F88 8 CG5B0 2A5E :0B53>@89 70B@0B @01>G53> 2@5<5=8 8 4;O 40;L=59H53> A>:@0I5=8O ?>B5@L @01>G55 2@5<O ?@8=OB> :;0AA8D8F8@>20BL. 0B@0BK :;0AA8D8F8@CNB ?> >B=>H5=8N :: 1. ?@>872>4AB25==><C ?@>F5AAC (AE5<0 1.1) >1>@C4>20=8N (AE5<0 1.2) 8A?>;=8B5;N (?@8;>65=85 2)              !E5<0 1.1 ;0AA8D8:0F8O 70B@0B ?> >B=>H5=8N : ?@>872>4AB25==><C ?@>F5AAC              !E5<0 1.2 ;0AA8D8:0F8O 70B@0B ?> >B=>H5=8N : >1>@C4>20=8N A5 ?>B5@8 @01>G53> 2@5<5=8 ?>4@0745;ONBAO =0 F5;>4=52=K5 8 2=CB@8A<5==K5. &5;>4=52=K5 ?>B5@8 @01>G53> 2@5<5=8 0==K5 > 25;8G8=5 8 ?@8G8=0E 2>7=8:=>25=8O F5;>4=52=KE ?>B5@L @01>G53> 2@5<5=8 <>6=> ?>;CG8BL 8 B015;O (?5@28G=>9 4>:C<5=B0F88) 8;8 87 >BG5B>2 ?@54?@8OB8O > 25;8G8=5 F5;>4=52=KE ?>B5@L ?>A@54AB2>< A>?>AB02;5=8O D0:B8G5A:8E =52KE>4>2 A ?;0=>2K< 10;0=A>< @01>G53> 2@5<5=8.  F5;>4=52=K< ?>B5@O< @01>G53> 2@5<5=8 >B=>AOB: - ?@074=8G=K5 4=8 - 2KE>4=K5 - >G5@54=K5 >B?CA:0 - CG51=K5 >B?CA:0 - >B?CA:0 ?>4@>AB:0< - >B?CA: ?> 15@5<5==>AB8 8 @>40< - =5O2:8 ?> 1>;57=8 - >B?CA:0 2 A2O78 A CA;>28O<8 B@C40 - >B2;5G5=8O =0 A5;LE>7. @01>BK - ?@>3C;K - 2K?>;=5=85 3>AC40@AB25==KE, >1I5AB25==KE >1O70==>AB59 - =5O2:0 ?> @07@5H5=8N 04<8=8AB@0F88 8 B.4. =CB@8A<5==K5 ?>B5@8 @01>G53> 2@5<5=8 ?@545;5=85 25;8G8=K 2=CB@8A<5==KE ?>B5@L @01>G53> 2@5<5=8 8 ?@8G8= 8E 2>7=8:=>25=8O ?@>2>48BAO A ?><>ILN D>B>3@0D89 @01>G53> 2@5<5=8. 01;N45=8O 70 8A?>;L7>20=85< 1@8304>9 A<5==>3> 2@5<5=8 ?> CG0AB:C, @5:><5=4C5BAO ?@>2>48BL =5>4=>:@0B=>, =0 ?@>BO65=88 2A59 A<5=K A <0:A8<0;L=K< >E20B>< :>;8G5AB20 =01;N405<KE. =CB@8A<5==K5 ?>B5@8 @01>G53> 2@5<5=8 A>AB>OB 87 ?>B5@L =5 7028A8<KE >B @01>G53> 8 ?>B5@L 7028A8<KE >B @01>G53>. @8<5@K 40==KE ?>B5@L ?@54AB02;5=K 2 B01;. 1.2. "01;. 1.2 !>AB02 2=CB@8A<5==KE ?>B5@L @01>G53> 2@5<5=8 >B5@8 =57028A8<K5 >B @01>G53>>B5@8 7028A8<K5 >B @01>G53>- A>:@0I5==K9 @01>G89 45=L ?>4@>AB:0 - =5?>;=K9 @01>G89 45=L ?5=A8>=5@>2; - C:>@>G5==K9 45=L ?> CA;>28O< B@C40 ->BACBAB285 AK@LO, <0B5@80;>2, ?>;CD01@8:0B>2 - E>645=85 70 AK@L5<, <0B5@80;><, ?>;CD01@8:0B0<8 >6840=85 B@0=A?>@B=KE A@54AB2 - B@0=A?>@B8@>2:0 ?@54<5B>2 B@C40 ?@8 =0;8G88 B@0=A?>@B=KE @01>G8E - >BACBAB285 8=AB@C<5=B>2, ?@8A?>A>1;5=89 8 E>645=85 70 =8<8 - >6840=85 @5<>=B0 >1>@C4>20=8O 8 B.4.- ?>74=55 =0G0;> 8 ?@56452@5<5==>5 >:>=G0=85 @01>BK; ;8G=K5 @073>2>@K >B2;5G5=8O 157 C2068B5;L=KE ?@8G8= <8:@>B@02<K A>:@0I5==K9 @01>G89 45=L ?> @07@5H5=8N 04<8=8AB@0F88 - A:@KBK5 ?>B5@8 8 B.4. 1.2 5B>4K 87CG5=8O 70B@0B @01>G53> 2@5<5=8 8 B@C4>2KE ?@>F5AA>2 1.2.1 ;0AA8D8:0F8O <5B>4>2 8 A?>A>1>2 8AA;54>20=8O @01>G53> 2@5<5=8 ;0AA8D8:0F8O <5B>4>2 8 A?>A>1>2 8AA;54>20=8O 8A?>;L7>20=8O @01>G53> 2@5<5=8 ?@>2>48BAO ?> =5A:>;L:8< ?@87=0:0<: - ?> F5;8 8AA;54>20=8O, - ?> :>;8G5AB2C =01;N405<KE >1J5:B>2, ?> D>@<5 ?@>2545=8O 8AA;54>20=8O, - ?> D>@<5 D8:A0F88 40==KE, - ?> 284C =01;N45=8O, ?> =01;N40B5;N, - ?> D>@<5 70?8A8. 0==0O :;0AA8D8:0F8O 1>;55 ?>4@>1=> ?>:070=0 2 B01;8F5 1.3 "01;8F0 1.3 5B>4K 8 A?>A>1K 87CG5=8O 70B@0B @01>G53> 2@5<5=8 ! ?\?@87=0: :;0AA8D8:0F88!?>A>1 8AA;54>20=8O1&5;L 8AA;54>20=8OD>B>3@0D8O 8A?>;L7>20=8O 2@5<5=8, >1>@C4>20=8O 2 ?@>872>4AB25==>< ?@>F5AA5; E@>=><5B@06=K5 =01;N45=8O D>B>E@>=><5B@062>;8G5AB2> =01;N405<KE >1J5:B>28=48284C0;L=K5 3@C??>2K5 3. <0@H@CB=K53$>@<0 ?@>2545=8O 8AA;54>20=8O=5?>A@54AB25==K5 70<5@K 2@5<5=8 2. <5B>4 <><5=B=KE =01;N45=894$>@<0 D8:A0F88 40==KE=5?@5@K2=>5, A?;>H=>5 =01;N45=85 2K1>@>G=>5 3. F8:;8G5A:>5584 =01;N45=8O287C0;L=>5 2. A ?@81>@0<8 02B><0B8G5A:>3> CG5B06 ^01;N40B5;LAB>@>==89 =01;N40B5;L 2. A0< 8A?>;=8B5;L7$>@<0 70?8A8F8D@>20O 8=45:A=0O 3@0D8G5A:0O >AF8;;>3@0D8G5A:0O 5. D>B>:8=>AJ5<:0 $>B>3@0D8O @01>G53> 4=O $>B>3@0D859 @01>G53> 4=O ($ ) =07K205BAO 8AA;54>20=85 B@C4>2>3> ?@>F5AA0, 8<5NI85 F5;LN 2KO28BL 70B@0BK @01>G53> 2@5<5=8 2 B5G5=85 87CG05<>3> ?5@8>40 (G0AB> F5;>9 A<5=K), >?@545;8BL @575@2K ?>2KH5=8O ?@>872>48B5;L=>AB8 B@C40. =0 ?>72>;O5B 2A:@KBL ?@8G8=K ?>B5@L @01>G53> 2@5<5=8 8, CAB@0=OO 8E, C;CGH0BL 8A?>;L7>20=85 @01>G53> 2@5<5=8 =0 ?@>BO65=88 A<5=K. @8 ?@>2545=88 $  87<5@ONBAO 8 D8:A8@CNBAO 2A5 157 8A:;NG5=8O 70B@0BK @01>G53> 2@5<5=8 8 >A>15==> BI0B5;L=> - ?>B5@8 2@5<5=8 ?> @07;8G=K< ?@8G8=0<. $  O2;O5BAO 206=K< A@54AB2>< 87CG5=8O >@30=870F88 B@C40 8 ?@>872>4AB20, 0 B0:65 >4=8< 87 <5B>4>2 CAB0=>2;5=8O =>@<0B82>2 2@5<5=8 ?>43>B>28B5;L=>-70:;NG8B5;L=>9 @01>BK, >1A;C6820=8O @01>G53> <5AB0 8 >B4KE0. ! ?><>ILN D>B>3@0D88 @01>G53> 4=O 87CG0NB 8A?>;L7>20=85 @01>G53> 2@5<5=8 ;CGH8<8 @01>G8<8 A F5;LN @0A?@>AB@0=5=8O 8E >?KB0: ?@>5:B8@CNB =081>;55 @0F8>=0;L=>5 (?@8=8<05<>5 70 =>@<C) @0A?@545;5=85 2@5<5=8 @01>G59 A<5=K ?> :;0AA8D8:0F8>==K< 3@C??0< (:0B53>@8O<) 70B@0B 2@5<5=8: 0=0;878@CNB ?>B5@8 @01>G53> 2@5<5=8 8 >@30=870F8>==>-B5E=8G5A:85 ?@8G8=K, 2K7K20NI85 8E, A F5;LN 2K@01>B:8 <5@>?@8OB89 ?> CAB@0=5=8N =5?>;04>: 8 C;CGH5=8N 8A?>;L7>20=8O @01>G53> 2@5<5=8: >?@545;ONB =5>1E>48<>5 :>;8G5AB2 @01>G8E, >1A;C6820NI8E 03@530BK 8 <0H8=K, B.5. CAB0=02;820NB =>@<K >1A;C6820=8O: CG8BK20NB D0:B8G5A:CN 2K@01>B:C ?@>4C:F88 8 B5<? 55 2K?CA:0. -B0?K ?@>2545=8O D>B>3@0D88 @01>G53> 4=O 1) ?>43>B>2:0 : =01;N45=8N; 2) ?@>2545=85 A0<8E =01;N45=89 70 2K1@0==K< >1J5:B><; 3) >1@01>B:0 8 0=0;87 40==KE =01;N45=8O; 4) @07@01>B:0 <5@>?@8OB89 ?> CAB@0=5=8N ?>B5@L @01>G53> 2@5<5=8 8 ?@>5:B8@>20=85 =>@<0;L=>3> 10;0=A0 @01>G53> 4=O. @8 ?@>2545=88 =5?>A@54AB25==> $  2 =01;N40B5;L=>< ;8AB5 =0 ?@>BO65=88 F5;>9 A<5=K (8;8 G0AB8 55) =5?@5@K2=> D8:A8@CNBAO 2A5 157 8A:;NG5=8O 70B@0BK @01>G53> 2@5<5=8. $>@<0 1.1 01;N40B5;L=K9 ;8AB $     ! ?\?'B> =01;N40;>AL"5:CI55 2@5<O@>4>;68B5;L=>ABL=45:A 0 >A=>20=88 ?@>2545==KE D>B>3@0D89 @01>G53> 2@5<5=8 A>AB02;O5BAO A2>4=0O B01;8F0 >4=>8<5==KE 70B@0B @01>G53> 2@5<5=8, >?@545;ONBAO A@54=85 25;8G8=K ?> >4=>8<5==K< 70B@0B0< 8 ?>B5@O< @01>G53> 2@5<5=8, ?@>2>48BAO 0=0;87 =5>1E>48<>AB8 8 F5;5A>>1@07=>AB8 MB8E 70B@0B 8 ?5@5@K2>2 2 @01>B5. $>@<0 1.2 !2>4=0O B01;8F0 >4=>8<5==KE 70B@0B @01>G53> 2@5<5=8 8 ?5@5@K2>2 08<5=>20=85 :0B53>@88, 70B@0B 8 ?>B5@L @01>G53> 2@5<5=8@5<O ?> =01;N45=8O< $ , <8=.0B@0BK 2@5<5=8 ?> =>@<0B820<, <8=,!1 !2 !3!C<<0@=>5 2@5<O ?> >4=>8<5==K< 70B@0B0<!@54=55 2@5<O ?> >4=>8<5==K< 70B@0B0< >A;5 A>AB02;5=8O A2>4:8 >4=>8<5==KE 70B@0B, =5>1E>48<> A>AB028BL D0:B8G5A:89 10;0=A @01>G53> 2@5<5=8 8 ?@54AB028BL 53> 2 2845 B01;8F5 ?> D>@<5 1.3 $>@<0 1.3 0;0=A @01>G53> 2@5<5=8 08<5=>20=85 70B@0B 2@5<5=8 =45:A @>4>;68B5;L=>ABL 8=CBK %% 0B5< A>?>AB02;O5BAO D0:B8G5A:89 10;0=A @01>G53> 2@5<5=8 A =>@<0B82=K< 2 B01;8F5 ?> D>@<5 1.4. $>@<0 1.4 !>?>AB02;5=85 D0:B8G5A:>3> 8 =>@<0B82=>3> 10;0=A>2 @01>G53> 2@5<5=8 =45:A 70B@0B0B@0BK 2@5<5=8, <8=.B:;>=5=8O, <8=.>@<0B82=K5$0:B8G5A:857;8H5:54>AB0B>: !>?>AB02;5=85 40==KE D0:B8G5A:>3> 8 =>@<0;L=>3> 10;0=A0 @01>G53> 2@5<5=8 ?>72>;O5B >?@545;8BL A;54CNI85 ?>:070B5;8: :>MDD8F85=B 8A?>;L7>20=8O A<5==>3> 2@5<5=8, :>MDD8F85=B ?>B5@L @01>G53> 2@5<5=8 ?> >@30=870F8>==>-B5E=8G5A:8< ?@8G8=0<, :>MDD8F85=B ?>B5@L @01>G53> 2@5<5=8 2 A2O78 A =0@CH5=8O<8 B@C4>2>9 48AF8?;8=K, :>MDD8F85=B 2>7<>6=>3> C?;>B=5=8O @01>G53> 4=O, :>MDD8F85=B 2>7<>6=>3> ?>2KH5=8O ?@>872>48B5;L=>AB8 B@C40 70 AG5B CAB@0=5=8O 2KO2;5==KE ?>B5@L 2@5<5=8. 1.2.3 %@>=><5B@06 %@>=><5B@06 - MB> <5B>4 87CG5=8O 70B@0B >?5@0B82=>3> 2@5<5=8 ?CB5< =01;N45=8O 8 70<5@>2 4;8B5;L=>AB8 >B45;L=KE, ?>2B>@ONI8EAO ?@8 ?@>872>4AB25 :064>3> 8745;8O M;5<5=B>2 >?5@0F88. %@>=><5B@06=K5 =01;N45=8O ?>72>;ONB 2KO28BL @575@2K A2O70==K5 A> 2@5<5=5< 2K?>;=5=8O >?5@0B82=>9 @01>BK. A=>2=K5 MB0?K E@>=><5B@060: 1. ?>43>B>2:0 : =01;N45=8N - >7=0:><;5=85 A >?5@0F859 8 @0AG;5=5=85 B@C4>2>3> ?@>F5AA0, >?@545;5=85 D8:A06=KE B>G5:; 2. =01;N45=85 - 70?>;=5=85 ;8AB0 =01;N45=89 2 B01;8F5 ?> D>@<5 1.5 $>@<0 1.5. 8AB E@>=><5B@06=KE =01;N45=89 ! ?/?-;5<5=BK >?5@0F88"5:CI55 2@5<O ?> =><5@0< =01;N40B5;O!C<<0!@54=55 7=0G5=8512345 3. >1@01>B:0, 0=0;87 40==KE =01;N45=8O - ?@>25@:0 4;8B5;L=>AB8 :064>3> M;5<5=B0 >?5@0F88, ?@>25@:0 CAB>9G82>AB8 E@>=><5B@06=KE @O4>2, A@02=5=85 A 459AB2CNI8<8 =>@<0B820<8; >?@545;5=85 A CG5B>< ?5@54>2>3> >?KB0 8 2=54@5==KE >@3BAE<5@>?@8OB89 @0F8>=0;L=>3> A>AB020 >?5@0F88, ?@>4>;68B5;L=>AB8 55 M;5<5=B>2 8 >?5@0F88 2 F5;><. #A;>28O 8 D0:B>@K A>:@0I5=8O ?>B5@L @01>G53> 2@5<5=8 #A;>28O< A>:@0I5=8O ?>B5@L @01>G53> 2@5<5=8 O2;O5BAO >15A?5G5=85 MDD5:B82=>3> A>G5B0=8O M;5<5=B>2 ?@>872>4AB25==>3> ?@>F5AA0 - A@54AB2, ?@54<5B>2 B@C40 8 A0<>3> B@C40. -B><C 1C45B A?>A>1AB2>20BL 2KA>:89 C@>25=L >@30=870F88 @01>G53> <5AB0 8 53> >1A;C6820=8O, > B0: 65 CAB@0=5=85 D0:B>@>2 >:07K20NI8E =530B82=>5 2;8O=85 =0 MDD5:B82=>5 8A?>;L7>20=85 @01>G53> 2@5<5=8, :>B>@K5 ?@54AB02;5=K =865. $0:B>@K, >:07K20NI85 2;8O=85 =0 8A?>;L7>20=85 MDD5:B82=>3> D>=40 @01>G53> 2@5<5=8 1. 0;8G85 A25@E?;0=>2KE =5>1>A=>20==KE F5;>4=52=KE =52KE>4>2 2. 5MDD5:B82=>5 8A?>;L7>20=85 A<5==>3> 2@5<5=8 2 @57C;LB0B5 =0@CH5=89 B@C4>2>9 48AF8?;8=K, ?;>E>9 >@30=870F88 >1A;C6820=8O @01>G8E <5AB 8 4@. =0@CH5=89, ?@82>4OI8E : 2=CB@8A<5==K< ?@>AB>O<. 3. 0@CH5=85 B5E=>;>38G5A:>9 48AF8?;8=K, >B2;5G5=85 @01>B=8:>2 =0 2K?>;=5=85 =5?@54CA<>B@5==>9 @01>BK, GB> ?@82>48B : =5?@>872>48B5;L=K< 70B@0B0< @01>G53> 2@5<5=8. 4.5@8B<8G=0O @01>B0 ?@>872>4AB20, 2 @57C;LB0B5 >BACBAB28O 459AB25==>3> :0;5=40@=>->?5@0B82=>3> ?;0=8@>20=8O 8 CG5B0 ?@>872>4AB20, ?@82>4OI53> : =54>AB0B:0< 2 C?@02;5=88 ?@>872>4AB2>< 8 =5?@8=OB8O A2>52@5<5==KE <5@ : A3;06820=8N A57>==KE :>;510=89, GB> ?@82>48B : =5@02=><5@=>9 703@C7:5 @01>G8E 8 : ?>B5@O< 2 ?@>872>48B5;L=>AB8 8E B@C40. 0?@02;5=8O C;CGH5=8O 8A?>;L7>20=8O @01>G53> 2@5<5=8: >15A?5G5=85 >?B8<0;L=>9 8 @02=><5@=>9 703@C7:8 8A?>;=8B5;O; >A=0I5=85 @01>G53> <5AB0 2A5< =5>1E>48<K< 8 53> @0F8>=0;L=>5 @07<5I5=85; >15A?5G5=85 2A5< =5>1E>48<K< 15A?5@5@K2=>3> B@C4>2>3> ?@>F5AA0; A>25@H5=AB2>20=85 ?@85<>2 8 <5B>4>2 B@C40; :><?;5:A=>5 >1>A=>20=85 =5>1E>48<KE 70B@0B B@C40; A>740=85 1;03>?@8OB=KE CA;>289 B@C40 8 A>E@0=5=8O 74>@>2LO @01>B0NI53>; 8A?>;L7>20=85 @01>G8E 2 A>>B25BAB288 A 8E A?>A>1=>ABO<8 8 :20;8D8:0F859; A>>B25BAB285 :>;8G5AB20 8 :0G5AB20 B@C40 53> >?;0B5. A5 2KH5 ?5@5G8A;5==K5 CA;>28O <>3CB ?@O<> 8;8 :>A25==> ?>2;8OBL =0 C;CGH5=85 8A?>;L7>20=8O @01>G53> 2@5<5=8. =0;87 8A?>;L7>20=8O D>=40 @01>G53> 2@5<5=8 2.1. @0B:0O E0@0:B5@8AB8:0 000 -;530=B B5;L5 -;530=B ?@5>1@07>20;0AL 2 " 2 19923. B5;L5 -;530=B =0E>48BAO ?> 04@5AC: 445051 3 ">;LOBB8 C;. .C:>20 - 26. <55B A2>9 @0AG5B=K9 AG5B 2 10=:5. A?>;=8B5;L=K< 48@5:B>@>< O2;O5BAO "0@0:0=>20 N1>2L 20=>2=0, " -;530=B A0<>AB>OB5;L=> ?;0=8@C5B A2>N 45OB5;L=>ABL 8 >?@545;O5B ?5@A?5:B82K A2>53> @0728B8O. #AB02 " -;530=B @53;0<5=B8@C5B ?@020 8 >1O70==>AB8 CG@548B5;59 8 A0<>3> ?@54?@8OB8O, :0: N@848G5A:>3> ;8F0. KAH8< >@30=>< C?@02;5=8O >1I5AB20 O2;O5BAO A>1@0=85 CG0AB=8:>2. " -;530=B >?;0G8205B 2A5 =0;>38 ?@54CA<>B@5==K5 0:>=>< $. 064K9 @01>B=8: 0B5;L5 8<55B B@C4>2CN :=86:C. >=B@>;L 70 D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>ABLN >1I5AB20 ?@>872>48BAO @52878>==>9 :><8AA859, 871@0==>9 =0 A>1@0=88. =5H=89 :>=B@>;L 70 45OB5;L=>ABLN " -;530=B >ACI5AB2;O5B =0;>3>2K5, ?@8@>4>>E@0=8B5;L=K5, 0=B8<>=>?>;L=K5 >@30=K, >1I5AB2> 0I8BK ?@02 ?>B@518B5;59 8 4@. =0 >A=>20=88 459AB2CNI53> 70:>=>40B5;L. &5;LN " -;530=B O2;O5BAO =081>;55 ?>;=>5 C4>2;5B2>@5=85 70:07G8:>2 2 2KA>:>:0G5AB25==>9 H259=>9 ?@>4C:F88, CA;C30E ?@8 <0:A8<0;L=>9 ?@81K;8 8 <8=8<0;L=KE 8745@6:0E 4;O ?@54?@8OB8O. AA>@B8<5=B CA;C3, >:07K205<KE 2 " -;530=B 1. >H82 25@E=59 <C6A:>9 8 65=A:>9 >4564K; 2. >H82 1@N: <C6A:8E 8 65=A:8E; 3. 1=>2;5=85 >4564K; 4. @C?=K9, A@54=89 8 <5;:89 @5<>=B >4564K. A53> 0B5;L5 2K?>;=O5B 1>;55 200 284>2 CA;C3 ?> ?>H82C 8 @5<>=BC >4564K K?>;=O5<K9 0AA>@B8<5=B CA;C3 2 0B5;L5 -;530=B =0F5;5= =0 H8@>:CN 3@C??C 70:07G8:>2 @07;8G=KE 2>7@0AB>2. 081>;55 ?@81K;L=K< 4;O ?@54?@8OB8O O2;O5BAO ?>H82 25@E=59 >4564K, ?>H82 ;53:>3> 0AA>@B8<5=B0 <0;> @5=B015;5=. A=>2=K<8 70:07G8:0<8 0B5;L5 -;530=B O2;ONBAO 65=I8=K A> A@54=8< 8 2KA>:8< 4>AB0B:>< 2 2>7@0AB5 >B 20 4> 50 ;5B. A=>2=K<8 ?@>872>4AB25==K<8 F5E0<8 O2;ONBAO B5, 345 >ACI5AB2;O5BAO ?@>F5AA ?@>872>4AB20 (A0;>=, H259=K5 F5E0, 70:@>9=0O). A?><>30B5;L=K5 ?>4@0745;5=8O >15A?5G820NB ?@>F5AA ?@>872>4AB20 CA;C3 B5E=>;>38G5A:8< >A=0I5=85<, >ACI5AB2;O5B @5<>=B B5E=>;>38G5A:>3> >1>@C4>20=8O, : MB8< ?>4@0745;5=8O< >B=>AOBAO: A:;04A:>5 E>7O9AB2> AK@LO, <5E0=8G5A:0O 8 4@. (!<. AE5<0 1)   $>@<0 1.3 !E5<0 2.1 @>872>4AB25==0O AB@C:BC@0 " -;530=B  " -;530=B 425 ?@85<I8FK 70:07>2, ?> A>2<5AB8B5;LAB2C 2K?>;=ONB DC=:F88 A<5==>3> <0AB5@0, A;5A0@L-<5E0=8:, M;5:B@8:. 8@5:B>@ A>2<5I05B A2>8 >1O70==>AB8 A :;04>2I8:>< AK@LO. "0:8< >1@07><, A>2<5I5=85 ?@>D5AA89 8 DC=:F89 C?@02;5=8O ?>72>;O5B ?@54?@8OB8N =5 =0=8<0BL 4>?>;=8B5;L=K9 HB0B A>B@C4=8:>2. !8AB5<0 C?@02;5=8O " -;530=B ?@54AB02;5=0 2 2845 HB01=>9 AE5<K E0@0:B5@87CNI0OAO ;8=59=K<8 A2O7O<8. (B01=0O AE5<0 8<55B ?@58<CI5AB20 ?@8 =5>1E>48<>AB8 >ACI5AB2;OBL ;8=59=>5 C?@02;5=85 (548=>=0G0;85)   25 ?@85<I8FK;02=K9 1CE30;B5@%C4>6=8:  :>=AC;LB0=B1A;C6820NI89 ?5@A>=0;  1 1@83040 ;53:>3> A;5A0@L - <5E0=8: ?;0BLO M;5:B@8:  2 1@83040 ;53:>3> :;04>2I8: ?;0BLO AK@LO  3 1@83040 25@E. >4564K B5E=8G:0 !E5<0 2.2 @30=870F8>==0O AB@C:BC@0 " -;530=B 2.2 =0;87 MDD5:B82=>AB8 8A?>;L7>20=8O D>=40 @01>G53> 2@5<5=8 $>=4 @01>G53> 2@5<5=8 ($ ) 7028A8B >B G8A;5==>AB8 @01>G8E ( ), :>;8G5AB20 >B@01>B0==KE 4=59 >4=8< @01>G8< 2 A@54=5< 70 3>4 () 8 A@54=59 ?@>4>;68B5;L=>AB8 @01>G53> 4=O (): $ = ** A;8 D0:B8G5A:8 >4=8< @01>G8< >B@01>B0=> <5=LH5 4=59 8 G0A>2, G5< ?@54CA<0B@820;>AL ?;0=><, B> <>6=> >?@545;8BL A25@E?;0=>2K5 ?>B5@8 @01>G53> 2@5<5=8: F5;>4=52=K5 (&) 8 2=CB@8A<5==K5 (!): & - (D - ?;) *  D * ?; != (D-?;) * D *  D =0;87 8A?>;L7>20=8O B@C4>2KE @5AC@A>2 000 ?@54?@8OB8O ?@54AB02;5= 2 B01;8F5 2.1. "01;8F0 2.1 A?>;L7>20=85 B@C4>2KE @5AC@A>2 000 -;530=B >:070B5;L@>H;K9 3>4 1996BG5B=K9 3>4 ;0= $0:B (1997) (1998)B:;>=5=8O (+, - ) B ?@>H;>3> B 3>40 ?;0=0 !@54=53>4>20O G8A;5==>ABL >1I0O 01>G8E ( )40 30 31 28 24 21-12 -3 -13 -3>;8G5AB2> 4=59 ?> 2@5<5==>9 =5B@C4>A?>A>1=>AB8. 2 A@54=5< =0 >4=>3> @01>B0NI53>5,4810,74 15,14+9,66 +4,4>;8G5AB2> 4=59 >B?CA:>2, 2 A@54=5< =0 >4=>3> @01>B0NI53>22,518,45 23,57+1,07 +5,12B@01>B0=> 70 3>4 >4=8< @01>G8<: =59 () '0A>2 (')  229,02 1786,4 227,8 218,29 1822,4 1713,6 -10,73 -9,51 -72,8 -108,8!@54=OO ?@>4>;68B5;L=>ABL 01>G53> 4=O (), G7,88 7,85 +0,05 -0,15$>=4 @01>G53> 2@5<5=8,G60737,643737,6 35985,6-24752 -7752 0: ?>:07K20NB ?@82545==K5 40==K5, 8<5NI85AO B@C4>2K5 @5AC@AK ?@54?@8OB85 8A?>;L7C5B =54>AB0B>G=> ?>;=>.  A@54=5< >4=8< @01>G8< >B@01>B0=> ?> 218,29 4=O 2<5AB> 227,8, 2 A2O78 A G5< F5;>4=52=K5 ?>B5@8 @01>G53> 2@5<5=8 A>AB028;8 =0 >4=>3> @01>G53> 9,51 4=O, 0 =0 2A5E 199,71 4=O, 8;8 1597,68 G (199,71*8). AE>4=K5 40==K5 4;O 40;L=59H53> @0AG5B0: 1. 1J5< @50;870F88 1KB>2KE CA;C3 - 172 360 @C1. 2. '8A;5==>ABL @01>G8E - 21 G5;. 3. K@01>B:0 >4=>3> @01>G53> - 8207@C1. 4. !@54=54=52=0O 2K@01>B:0 - 37,5 &5;>4=52=K5 ?>B5@8 >BG5B=>3> 3>40 2 G5;/4=OE A>AB028;8: 9,51 * 21 = 199,7G5;./4=. =0O 25;8G8=C F5;>4=52=KE ?>B5@L @01>G53> 2@5<5=8 2 G5;/4=. 8 D0:B8G5A:CN A@54=54=52=CN 2K@01>B:C >4=>3> @01>G53>, <>6=> >?@545;8BL 25;8G8=C ?>B5@L 2 F5;>AB=>< 2K@065=88, G5@57 >1J5< =52K?>;=5==KE CA;C3 8 2 ?@>872>48B5;L=>AB8 B@C40,:>B>@K5 A>AB028;8: 199,7 * 37,5 = 7488,8 @C1. !@54=OO 2K@01>B:0 >4=>3> @01>G53> 70 0=0;878@C5<K9 ?5@8>4 ?@8 CA;>288 8A:;NG5=8O F5;>4=52=KE ?>B5@L 2 @C1;OE A>AB02;O5B 8564 @C1. ((172 360 + +7488,8)/21), MB> =0 357@C1;O 1>;LH5 D0:B8G5A:>9 2K@01>B:8 >4=>3> @01>G53> 70 0=0;878@C5<K9 ?5@8>4, :>B>@0O A>AB02;O5B 8207 @C1. BAN40 8 ?>B5@8 2 ?@>872>48B5;L=>AB8 B@C40 =0 4,34% (8564*100/8207 - 100). ?545;5=85 25;8G8=K 2=CB@8A<5==KE ?>B5@L @01>G53> 2@5<5=8 8 ?@8G8= 8E >7=8:=>25=8O ?@>2>48BAO A ?><>ILN D>B>3@0D88 @01>G53> 2@5<5=8. "01;8F0 2.2 01;N40B5;L=K9 ;8AB D>B>3@0D88 @01>G53> 4=O ! ?/?08<5=>20=85 70B@0B @01>G53> 2@5<5=8"5:CI55 2@5<O@>4>;68B5;L=>ABL <8=.=45:A0G0;> =01;N45=898 001@8E>4 =0 @21>G55 <5AB>8 002>43>B>2:0 @01>G53> <5AB08 0553>;CG5=85 45B0;59, 8745;898 094!4?5@0B82=0O @01>B08 34255!<5=0 H?C;88 406!6?5@0B82=0O @01>B09 05257#E>4 70 =>6=8F0<89 127"8>AB>@>==89 @073>2>@9 153"9?5@0B82=0O @01>B010 044910#E>4 ?> ;8G=K< =04>1=>ABO<10 106"11>;CG5=85 45B0;59, 8745;8910 133!12?5@0B82=0O @01>B010 281513K7>2 <5E0=8:010 3810"14>AB>@>==89 @073>2>@10 5517"15?5@0B82=0O @01>B012 006516#E>4 =0 >15417@8E>4 A >154013 0018>;CG5=85 45B0;5913 055!19?5@0B82=0O @01>B013 342920!<5=0 H?C;813 406!21?5@0B82=0O @01>B013 5010228G=K9 @073>2>@13 599"23?5@0B82=0O @01>B014 151624>;CG5=85 45B0?;5914 2510!25?5@0B82=0O @01>B014 573226!;C651=K9 @073>2>@15 014!278G=K9 @073>2>@15 1211"28?5@0B82=0O @01>B015 301829>;CG5=85 45B0;5915 344!30>=AC;LB0F8O C <0AB5@015 428"31?5@0B82=0O @01>B016 062432!<5=0 H?C;816 093!33?5@0B82=0O @01>B016 15634#E>4 ?> ;8G=K< =04>1=>ABO<16 2813"35?5@0B82=0O @01>B016 451736#1>@:0 @01>G53> <5AB016 50537#1>@:0 2 H:0D16 57738#E>4 A @01>BK17 003B>3>-480- "01;8F0 2.3 $0:B8G5A:89 10;0=A @01>G53> 2@5<5=8 08<5=>20=85 7B@0B @01>G53> 2@5<5=8=45:A @>4>;68B5;L=>ABL 8=CBK %%>43>B>28B5;L=>-70:;NG8B5;L=0O @01>B0204,171A;C6820=85 @01>G53> <5AB0 45 9,38?5@0B82=0O @01>B033168,95B4KE 8 ;8G=K5 =04>1=>AB8"193,96>B5@8 ?> >@30=870F8>==>-B5E=8G5A:8< ?@8G8=0<"255,210@CH5=85 B@C4>2>9 48AF8?;8=K"408,33B>3>480100 > 40==K< B01;8FK <>6=> A:070BL, GB> >?5@0B82=0O @01>B0 A>AB02;O5B 2A53> 68,95% 8;8 331 <8=. 2@5<5=8 A<5=K, >AB0;L=>5 2@5<O A<5=K 149 <8=. 8;8 31,05% ?@8E>48BAO =0 =5?@>872>48B5;L=K5 70B@0BK @01>G53> 2@5<5=8. !>?>AB02;5=85 D0:B8G5A:>3> 10;0=A0 @01>G53> 2@5<5=8 A =>@<0B82=K<8 ?>72>;O5B 2KO28BL >B:;>=5=85 D0:B8G5A:8E 70B@0B >B =>@<0B82=KE. ;O @0AG5B0 =>@<0B82=>3> 10;0=A0 8A?>;L7CNBAO =>@<0B82K 2@5<5=8 =0 3(20<8=),  (29<8=.) 8 " (10<8=.). "0:8< >1@07><, 25;8G8=K =>@<8@>20==KE 70B@0B @01>G53> 2@5<5=8 (2 <8= 8 %) 8 ?> 2A5< :0B53>@8O< 70B@0B 2@5<5=8 >1@07CNB B0: =07K205<K9 =>@<0;L=K9 (8;8 @0F8>=0;L=K9) 10;0=A @01>G53> 4=O. !>?>AB02;5=85 40==KE D0:B8G5A:>3> 8 =>@<0;L=>3> 10;0=A0 @01>G53> 2@5<5=8 ?@54;>65=> 2 B01;8F5 2.4 "01;8F0 2.4 !>?>AB02;5=85 40==KE =>@<0;L=>3> 8 D0:B8G5A:>3> 10;0=A0 @01>G53> 2@5<5=8 =45:A 70B@0B@>4>;68B5;L=>ABL, <8=.B:;>=5=8O, <8=.$0:B.>@<0B82.54>AB0B>:7;8H5:2021-1 4529+16331420-89"1910+9"25-"40-A53>480480-90+25  >1I5<, ?> 40==>9 B01;8F5 <>6=> A:070BL, GB> D0:B8G5A:89 10;0=A >B;8G05BAO >B ?;0=>2>3>:  =0 1<8= <5=LH5,   =0 16 <8=. ?@52KA8;> =>@<0B82=>5 2@5<O, =54>AB0B>:  A>AB028; 89<8=. 0==K5 B01;8FK ?>72>;ONB >?@545;8BL A;54CNI85 ?>:070B5;8 8A?>;L7>20=8O D>=40 @01>G53> 2@5<5=8: :>MDD8F85=B 8A?>;L7>20=8O A<5==>3> 2@5<5=8 ?> D>@<C;5 8A? = (++ +"(=))/"A< * 100 8A?=(20+331+45+10)/480 *100 - 84,6% :>MDD8F85=B ?>B5@L @01>G53> 2@5<5=8 ?> D>@<C;5 ?>B = ( +"+"+("D - "=)/"A< ?>B= 25+40+(19 -10)/480=15,4% @>25@:0 ?>;CG5==KE @57C;LB0B>2 >ACI5AB2;O5BAO ?> D>@<C;5 8A?+?>B+=B4 = 100% ; 84,6+15,4=100% 7 @0AG5B>2 ?>=OB=>, GB> 84,6% A<5==>3> 2@5<5=8 8A?>;L7C5BAO MDD5:B82=> , 0 ?>B5@8 @01>G53> 2@5<5=8 A>AB02;ONB 15,4% 2@5<5=8 A<5=K. >;55 B>G=> >?@545;8BL D0:B>@K, ?>2;8O2H85 =0 A=865=85 MDD5:B82=>AB8 8A?>;L7>20=8O D>=40 @01>G53> 2@5<5=8, <>6=> :>=:@5B878@>202 ?>B5@8 @01>G53> 2@5<5=8 ?> 40==K< B01;8FK 2.5. "01;8F0 2.5 !>AB02 2=CB@8A<5==KE ?>B5@L 8 =5?@>872>48B5;L=KE 70B@0B @01>G53> 2@5<5=8 >B5@8 @01>G53> 2@5<5=8<8= % : >B@01>B0==><C 2@5<5=8" CE>4 70 =>6=8F0<8 2K7>2 <5E0=8:0 :>=AC;LB0F8O C <0AB5@0 7 10 8 1,46 2,08 1,67" ?>AB>@>==89 @073>2>@ ?>AB>@>==89 @073>2>@ ;8G=K9 @073>2>@ ;8G=K9 @073>2>@ 3 17 9 11 0,63 3,54 1,8 2,29B>3>6513,54 7 B01;8FK 284=>, GB> 65 <8=. 8;8 13,54% @01>G53> 2@5<5=8 8A?>;L7CNBAO =5MDD5:B82=>, =0 MB> 2 1>;LH59 AB5?5=8 2;8O5B =0@CH5=85 B@C4>2>9 48AF8?;8=K @01>G8<, :>B>@>5 A>AB02;O5B 40 <8=. @01>G53> 2@5<5=8 8;8 8,3%2@5<5=8 A<5=K. -B>B ?>:070B5;L 3>2>@8B > =87:>< C@>2=5 48AF8?;8=K =0 ?@54?@8OB88. 0B@0BK 2@5<5=8 =0 CAB@0=5=85 >@30=870F8>==>-B5E=8G5A:8E ?@8G8= A>AB028;8 25 <8=. 8;8 5,2% 2@5<5=8 A<5=K, GB> 3>2>@8B > =87:>< C@>2=5 >@30=870F88 8 >1A;C6820=8O @01>G53> <5AB0 =0 000 -;530=B. 0 >A=>20=88 2KO2;5==KE ?>B5@L 8 =5?@>872>48B5;L=KE 70B@0B @01>G53> 2@5<5=8 ?@>872>48BAO @0AG5B :>MDD8F85=B0 C?;>B=5=8O @01>G53> 4=O: C?; - 2= / " * 100 =65/480 * 100 - 13,54% 2= - ?>B5@8 2=CB@8A<5==K5 >AB ?@>872>48B5;L=>AB8 B@C40 70 AG5B C?;>B=5=8O @01>G53> 2@5<5=8 @0AAG8BK205BAO ?> D>@<C;5: | " = ( = -  D) /  D * 100 |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~ <0:A8<0;L=>5 7=0G5=85 /<8=8<0;L=>5 7=0G5=85 A;8 C(D) ?@52KH05B =>@<0B82=K9 :>MDD8F85=B B> ?@>872>4OB G8AB:C @O40, ?CB5< 2KG5@:820=8O :@09=53> 7=0G5=8O, A=0G0;0 <0:A8<0;L=>3>, 70B5< <8=8<0;L=>3>. "01;.2.6 %@>=><5B@06=K5 =01;N45=8O -;5<5=B >?5@0F88@>4>;68B5;L=>ABL 2K?>;=5=8O >?5@0F88,<8=.!C<<0, <8=.!@54=55 =0G5=85, <8=.123451. 7OBL 45B0;L :0@<0=020182523298621,52.1B0G820=85 :0@<0=0 ?> :@0O<504853605226352,6@8H820=85 :;0?0=0 :0@<0=0555860535628256,44. B;>68BL :0@<0=222023292511923,8B>3>153,8 >MDD8F85=B CAB>9G82>AB8 ?5@2>3> @O40 ?@52KH05B =>@<0B82=>5 7=0G5=85, 2 A2O78 A MB8< ?@>872>48BAO G8AB:0 @O40 A A;54AB288 :>B>@>9 ?@8E>48< : :>=5G=><C :>MDD8F85=BC CAB>9G82>AB8 @02=><C 1,3. C(D)1=25/18-1,3 >MDD8F85=B CAB>9G82>AB8 >AB02H8EAO B@5E @O4>2 A>>B25BAB2C5B =>@<0B82=K<, 0 A>>B25BAB25==> 8 =5 B@51C5B G8AB:8 @O40. C(D)2=60/48-1,25 C(D)3=60/53-1,13 C(D)4=29/20=1,45 "01;8F0 2.7 >4>2>9 10;0=A @01>G53> 2@5<5=8 ! ?/?>:070B5;8$0:B8G5A:8 70 19983.@>5:B8@C5<K9 10;0=AG5;/4=82%: 8B>3C=01@01G5;/4=82%: 8B>3C=01@0110;5=40@=K9 D>=4 @01>G53> 2@5<5=810220100365102201003652>;8G5AB2> =5@01>G8E 4=59319231,233114319231,2331143>;8G5AB2> >B@01>B0==KE @01>G8E 4=59610459,726218658064,38423545O2:8 =0 @01>BC, 2A53>, 2 B>< G8A;5:G5@54=K5 4>?>;=8B5;L=K5 >B?CA:044848,4851644848,48516>B?CA:0 2 AO78 A@>4><814015,1255---=52KE>4K ?> 1>;57=828030,30310---=5O2:8 A @07@5H5=8O 04<8=8AB@0F88566,0612---5"015;L=K9 D>=4 2@5<5=8 @01>G8E702868,767251702868,76725160:A8<0;L=> 2>7<>6=K9 D>=4 2@5<5=8658064,384235658064,384235 > 40==K< B01;8FK <>6=> A:070BL, GB> D0:B8G5A:>5 >1I55 2@5<O ?>B5@L @01>G53> 2@5<5=8 A>AB028;>: 3192 + 448 + 140 + 280 + 56 = 4116 G5;/4=O, ?>B5@8 =0 >4=>3> G5;>25:0 A>AB028;8: 114 + 16 + 5 + 10 + 2 = 147 4=59. 1I89 C@>25=L C?;>B=5=8O =0 2A5E @01>B=8:>2 @025=: (448 + 140 + 280 + 56)*(21/28) + 3192 = 3885 4=O; >MDD8F85=B ?>B5@L @01>G53> 2@5<5=8 @025=: 924/7028*100 = 14%; >MDD8F85=B 8A?>;L7>20=8O @01>G53> 2@5<5=8 @025=: 100-14 = 86% B0:, @01>G55 2@5<O MDD5:B82=> 8A?>;L7C5BAO =0 86%, >AB0;L=>5 2@5<O (14%) @0AE>4C5BAO =0 =5?@>872>48B5;L=K5 70B@0BK. > 40==K< 3>4>2>3> ?@>5:B8@C5<>3> 10;0=A0 @01>G53> 2@5<5=8 2>7<>6=> ?>2KH5=85 ?@>872>48B5;L=>AB8 B@C40 70 AG5B CAB@0=5=8O 2A5E =5?@>8720>4AB25==KE 70B@0B: ?B = (">?.=  ">?.D.)/ ">?.D.*100 ?B = (6580  6104) / 6104*100 = 7,798% >MDD8F8M=B B@C4>2>9 48AF8?;8=K 4> ?>2545=8O <5@>?@8OB8O: B41 = (1  149/480*1) * (1  33/251*21) = 0,685 >MDD8F85=B B@C4>2>9 48AF8?;8=K ?>A;5 ?@>2545=8O <5@>?@8OB8O: B42 = (1  (149  9,5)/480*1)*(1  16/251*21) = 0,707  @57C;LB0B5 2=54@5=8O <5@>?@8OB89, A2O70==KE A C;CGH5=85< 8A?>;L7>20=8O @01>G53> 2@5<5=8 :>MDD8F85=B B@C4>2>9 48AF8?;8=K ?>2KA8;AO =0 0,022. 2.3 =0;87 A>AB>O=8O >@30=870F88 8 >1A;C6820=8O @01>G53> <5AB0 ;O 2KO2;5=8O ?@8G8= =5MDD5:B82=>3> 8A?>;L7>20=8O @01>G53> 2@5<5=8 =C6=> ?@>25AB8 0=0;87 >@30=870F88 8 >1A;C6820=8O @01>G53> <5AB0, >A=>2=>9 7040G59 :>B>@>3> O2;O5BAO >?@545;5=85 A>>B25BAB28O A>AB>O=8O 2A5E M;5<5=B>2 >@30=870F88 @01>G53> <5AB0 B8?>2K< @5H5=8O<, =>@<0< ?@>5:B8@>20=8O, >B@060NI8< =>259H85 4>AB865=8O =0C:8 8 B5E=8:8, ?5@54>2>3> >?KB0. =0;87 =0G=5BAO A 87CG5=8O >A=0I5=8O @01>G53> <5AB0 >1>@C4>20=85< 8 >A=0AB:>9, :>B>@>5 2:;NG05B 2 A51O >A=>2=>5, 2A?><>30B5;L=>5 >1>@C4>20=85 8 B5E=>;>38G5A:CN >A=0AB:C @01>G53> <5AB0 ("01;8F0 2.7). "01;8F0 2.7 A=0I5=85 @01>G53> <5AB0 >1>@C4>20=85< 8 >A=0AB:>9 A=>2=>5 >1>@C4>20=85 0B5;L5! ?/?08<5=>20=85;0AA>;8G5AB2>15B5;L=0O25-112K<5B>G=02221383-7038=52@0141<5B>G=0O (>25@;>:)5155!B0G820NI0O1022 22196KH820;L=0O97-37#BN3#-568@5AA#-31A?><>30B5;L=>5 >1>@C4>20=8510=5:5=K2A?KB0B5;L=K5 AB5=4K"5E=>;>38G5A:0O >A=0AB:01!0=B8<5B@2"5E=>;>38G5A:0O 4>:C<5=B0F8O33>;:84C;02:8@30=870F8>==0O >A=0AB:0!@C??0 >A=0AB:808<5=>20=851!@54AB20 4;O E@0=5=8O 8 @07<5I5=8O <0B5@80;>2?>;:8 AB>;>2 25@AB0:8 H:0DK2@>872>4AB25==0O B0@0<CA>@:8 ?0:5BK 4;O 3>B>2>9 ?@>4C:F883@>872>4AB25==0O <515;LAB>;K ABC;LO ?>4AB02:84 !@54AB20 4;O E@0=5=8O 8 @07<5I5=8O 4>:C<5=B0F88:@>=HB59=K ?>4AB02:8 D09;K5!@54AB20 A83=0;870F88 - B5;5D>=K - :=838 CG5B06!@54AB20 >A25I5=8O 8 ?@>872>4AB25==>3> 8=B5@L5@0;0<?K 70=025A:8 F25BK 75@:0;07@30=870F8>==0O 4>:C<5=B0F8O8=AB@C:F88 ?> B5E=8G5A:>9 157>?0A=>AB8 =>@<0B82=K5 B@51>20=8O  >1I5< C@>25=L >@30=870F88 @01>G53> <5AB0 <>6=> >F5=8BL :0: A>>B25BAB2CNI89 4;O 0B5;L5 40==>3> B8?0, 70 8A:;NG5=85< B5E=>;>38G5A:>9 >A=0AB:8, 345 :>MDD8F85=B >A=0I5==>AB8, :>B>@K9 @0AAG8BK205BAO :0: >B=>H5=85 ACI5AB2CNI8E ?@54<5B>2 : ?@54<5B0< ?>;>65==K< ?> =>@<5 1KBL =0 @01>G5< <5AB5, @025= 0,8. -B> A2O70=> A =54>AB0G59 =0 @01>G5< <5AB5 H258 =>6=8F. > D>B>3@0D88 @01>G53> 4=O 284=>, GB> CE>4 70 =>6=8F0<8 C @01>G53> 70=8<05B 2 A@54=5< 7 <8=. 2 A<5=C, GB> A>AB02;O5B 1,5% 2@5<5=8 A<5=K. @30=870F8O >1A;C6820=8O @01>G53> <5AB ! ?/?5@5G5=L DC=:F89 >1A;C6820=8O 53;0<5=BA?>;=8B5;L1@>872>4AB25==>-?>43>B>28B.654=52=>0G0;L=8: F5E02=AB@C<5=B0;L=0O654=52=>@83048@30;04>G=0O> <5@5 =04>1=>AB85E0=8:, M;5:B@8:4>=B@>;L=0O654=52=>@83048@5"@0=A?>@B=0O654=52=>A=>2=>9 @01>G896!:;04A:0O654=52=>;04>2I8:7 5<>=B=0O3-6 O=20@O5E0=8:, M;5:B@8:8%>7O9AB25==>-1KB>20O654=52=>A=>2=>9 @01>G899!B@>8B5;L=0O> <5@5 =04>1=>AB8>4@O4G8: !8AB5<0 <5@>?@8OB89 ?> >15A?5G5=8N 2A5< =5>1E>48<K< 15A?5@51>9=>3> E>40 ?@>872>4AB25==>3> ?@>F5AA0 =0;065=0 =0 000 -;530=B 2 A>>B25BAB288 A ?@8=F8?0<8 >1A;C6820=8O @01>G53> <5AB0 8 O2;O5BAO A<5H5==>9, B.5. >1A;C6820=85 @01>G53> <5AB0 >ACI5AB2;O5BAO :0: 87 548=>3> F5=B@0, B0: 8 A0<>AB>OB5;L=> @01>G8<8. 5:><5=40F88 ?> ?>2KH5=8N MDD5:B82=>AB8 8A?>;L7>20=8O @01>G53> 2@5<5=8 1. 5@2K< <5@>?@8OB85< ?> ?>2KH5=8N MDD5:B82=>AB8 8A?>;L7>20=8O @01>G53> 2@5<5=8, ?@54;0305<K< 2 40==>< :C@A>2>< ?@>5:B5 O2;O5BAO ?>2KH5=85 C@>2=O B5E=>;>38G5A:>9 >A=0AB:8 @01>G53> <5AB0, ?CB5< >15A?5G5=8O :064>3> @01>G53> <5AB0 H258 =>6=8F0<8 ?> F5=5 12,5 @C1. 0==KE @01>G8E <5AB =0 ?@54?@8OB88 8, B.5. 70B@0BK A>AB02OB 100 @C1. > 40==K< D>B>3@0D88 @01>G53> 4=O @01>G89 B5@O5B 2 A@54=5< 2 A<5=C 7 <8=. ?> ?@8G8=5 >BACBAB28O =0 @01>G5< <5AB5 40==>3> ?@54<5B0, B.5. >= 2K=C645= >B;CG0BLAO A =5?>A@54AB25==>3> <5AB0 @01>BK 4;O B>3> GB>1K ?@8=5AB8 =>6=8FK. B0:, ?@8 @50;870F88 40==>3> <5@>?@8OB8O M:>=><8O 2@5<5=8 2 A<5=C (- 2@.2 A<) A>AB028B 7 <8=. 8;8 1,46% A<5==>3> 2@5<5=8 =0 >4=>3> @01>G53>. AE>4O 87 MB>9 M:>=><88 <K <>65< @0AAG8B0BL >B=>A8B5;L=CN M:>=><8N G8A;5==>AB8 2 A<5=C (D'A<): D'A< = - 2@.2 A<. / $ @01.2@.A< * 2K?.=>@<, 345 $ @01.2@.A< - D>=4 @01>G53> 2@5<5=8 2 A<5=C (<8=), 0 2K?.=>@< =1,1. BAN40: D'A< = 7/480 * 1,1 = 0,0133 G5;. BAN40 @>AB ?@>872>48B5;L=>AB8 B@C40 @01>G53> A>AB028B: | " = (' A<. / ' A@. - D' A<.) * 100% | " = (0,0133 / (8 - 0,0133)) * 100 = 0,17%  @57C;LB0B5 2=54@5=8O <5@>?@8OB8O ?@>872>48B5;L=>ABL B@C40 @01>G8E 1C45B @02=0 8207,6 + 8207,6 * 0,17% = 8221,55@C1., B.5. ?>2KA8BAO =0 13,95 @C1. (8221,55-8207,6) @8@>AB >1J5<0 2 45=56=>< 2K@065=88 2 @57C;LB0B5 @>AB0 ?@>872>48B5;L=>AB8 A>AB028B 293,01 @C1. (172 360 /100 * 0,17). >AB ?@>872>48B5;L=>AB8 B@C40 2 F5;>< ?> ?@54?@8OB8N 2 @57C;LB0B5 2=54@5=8O 40==>3> <5@>?@8OB8O @0AAG8BK205BAO ?> D>@<C;5: | " ?/? = | " * ' @01. / ' >1I. | " ?/? 1 = 0,17 *21/ 28 = 0,13 % 2. B>@K< <5@>?@8OB85< ?> ?>2KH5=8N MDD5:B82=>AB8 8A?>;L7>20=8O @01>G53> 2@5<5=8 1C45B ?5@5?;0=8@>2:0 2 F5E5 ;53:>3> ?;0BLO.  8<5==> ?@54;0305BAO, ?><5=OBL <5AB0<8 CBN3 8 BC<1>G:C (A<. ?@8;>65=85 1.). -B> ?@82545B 70 A>1>9 M:>=><8N 70B@0B 2@5<5=8 =0 873>B>2;5=85 >4=>3> 8745;8O =0 0,25 <8=. > =>@<5 2 A<5=C (480<8=.) 2 F5E5 4>;6=> 873>B>2;OBLAO 2 A@54=5< 9,9 8745;89, B@C4>5<:>ABL :>B>@KE @02=0 6.6 G0A. @83040 ;53:>3> ?;0BLO =0 000 -;530=B A>AB>8B 87 8 G5;>25:. -2@.2 A<. = 0,25 * 9,9 = 2,5<8=. D'A< = 2,5 / 480 * 1,1 - 0,0047G5;. | " = ( 0,0047/ (8 - 0,0047)) * 100 =0,059 % "0:8< >1@07><, 2 @57C;LB0B5 22545=8O 40==>3> <5@>?@8OB8O ?@>872>48B5;L=>ABL B@C40 @01>G8E A>AB028B @C1.8212,44 (8207,6 + 8207,6 * 0,059%), B.5. ?>2KA8BLAO =0 4,84 @C1. -B> 2 A2>N >G5@54L ?@82545B : C25;8G5=8N >1J5<0 ?@>872>4AB20 CA;C3 =0 101,69 @C1. (172 360 /100 * 0,059). >AB ?@>872>48B5;L=>AB8 B@C40 2 F5;>< ?> ?@54?@8OB8N 2 @57C;LB0B5 2=54@5=8O 40==>3> <5@>?@8OB8O @0AAG8BK205BAO ?> D>@<C;5: | " ?/? - | " * ' @01. / ' >1I. | " ?/? = (0.17+0,059) * 0.75= 0,172 % >AB ?@>872>48B5;L=>AB8 B@C40 2 F5;>< ?> ?@54?@8OB8N 2 @57C;LB0B5 22545=8O ?@54;>65==KE 2 :C@A>2>< ?@>5:B5 <5@>?@8OB89 @0AAG8BK205BAO ?> A;54CNI59 D>@<C;5: | " ?/? == | " ?/? * ('@01. / '>1I.) |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ln.$n$t%%%%)* 33:;;<<<<@@AAEE0G2GJHNHHHMMFQHQRRSS:T~VVVVVVVVVVVϵϵϵϵϵϵϵϵϵϵϵϵjCJOJQJUmHjCJOJQJUmH CJOJQJ6CJOJQJCJ5CJOJQJ CJ$OJQJ CJOJQJ5CJOJQJG^($$^("$&>@6 B HL    "$&(*,>@_"$&>@6 B $HL     "$&(*,>@`Jb*`2@l !! $7`Jb*`2@l !! "H""v# $$$$F%j%%ľ|vpjd^XR a  s        [        P      -  v  }      f      G    *  q      #  f   ! "H""v# $$$$F%j%%&& 'v''b((F)))))))`*b*** $7%&& 'v''b((F)))))))`*b****+.,,--J..x/00F11^2ľ}xsnid_ZU,sZ>O ! "  -  s      &  [          **+.,,--J..x/00F11^22338445556 70778888^22338445556 70778888P99X::::::::::::;;<<Ŀ~ytoje`[;B3nF~CG!8P99X::::::::::::;;<<<=6>>j?@@AA|B Cq<<=6>>j?@@AA|B CChDEEEF0G4GJHHhI"JJLKKLMMNNZOOĿ~ytoje`[i 2pb|~DE;EGaA! CChDEEEF0G4GJHHhI"JJLKKLMMNNZOOPFQJQ(RRRSOPFQJQ(RRRS8T:ThUUVFV|V~VVVVVVVVVVVVVVVVVVĽ|wrmhc^Y     6b:qs$ S8T:ThUUVFV|V~VVVVVVVVVVVVVVVVVVVV & F  & F eVVVVVVVVVVVVVVWWWWWWWWWWWWWWWWWWWWWWWWWWWXXXXY`Y[[\\\\@\B\d\f\\\\\\\@]B]]]]]^^\^^NbdbxbbXcZcddjfpfhhPhCJmH6CJCJ CJOJQJ CJOJQJjCJOJQJUmHUVVVVVWWWWWWWWWWWWWWWWWWWWWXX XXXY`Y~[[\\@\d\\\\@]]]^\^^aĿ~||||zzzzzzzzzzzzzzzzzz!),-/089;>AFHI0VVVWWWWWWWWWWWWWWWWWWWWWXX XXXXY`Y~[[\\@\d\\\\@]]]^\^^aZb\bd$d$ $dd $d $dx $7dx$7d $d $d (aZb\b^b`bbbdbfbhbjblbnbbbbcVcXccc:ddd:eejff(gLggghLhNhPhhh^i`iBjrjk:kkk$l&l(l*l,l.l0l2l4l6lllllmmmm@mmmnn@n                         E\b^b`bbbdbfbhbjblbnbbbbcVcXccc d($ ed$"$$(0}'} $d($$d $ ddc:ddd:eejff(gLgyiU & Fd($ h$d($d($ @$d$ :@@@@$d$ :@@@@ & Fed($ @@e@d($ :@@@d($ @@f@d($ >@@ LggghLhNhPhhh^i`iBjrjxoddd (d $d"$$(Y0}'} fd($$ & Fd($  & Fd($ $ & Fd($ h PhVhhhh^iBjDjrjtjkkl"l*l2lDlNlllmmmnP  & Fd($ d($9$$(b4\V %JT `$ d($d($ ," >n@nDnnnnnnnno4i9$$(,4\V %JT    & Fd($ d($ d($9$$(l4\V %JT   @nDnnnnnnnno\oooooooop*pHpJpLpPpnpppppppp"qHqJqLqPqjq~qqqqqqqr0r2r(v~yyyyz|.}f}}$~ X領  z                                  <o\oooooooop*pHp`{oe d($  & Fd($ & Fed($xd($d($ a ] 9$$(94\V %JT   d($  & Fd($ HpJpLpPpnppppppk]xd($9$$(=4\V %JT    & Fd($ d($9$$(04\V %JT   d($ ppp"qHqJqLqPqjq~qqqqqqd  & F d($9$$(O4\V %JT    & Fd($ d($d($qqr0r2r(v~yyyyz|.}f}}$~ PdOd7dddd & Fdd9$$(4\V %JT   Xހ, d($ fd($9$$(4\ }&*d$d?7dXހ,.0l Jzʄ "Dbt…ąƅ܇އ2dވډxzŠ(>@BRvRTX` b,.0l Jzʄzz($($($ )'|* ($$d7d d SFC$$(Wrn } &nj /   "Dbtx|ggg0($ %)'|*@($  %)'|*@r($  %)'|*@ ($ %)'|*@($.$$(=4FOp#(`!` f($ f  ąއΉ؉04đvz &nr*̚ΚҚJNȜ̜"Υ*,4bj~*8ht:*Jƭ>48`dij5CJ56CJmH5CJ 6CJmH6CJ5CJ 5CJmHCJmHCJCJmHCJ 6CJmHNt…ąƅhc\\\\7ddZ$$(4֞O/ Fp#( Rj  ($f($ )'|*ef($ })'|*f($ )'|* ܇އ2dވd$ @d $<$$l4FJ Q'` `nd$$d$ 7d $?7d7dވډxzŠ}ss dd$ d$d$ddd$dG$$l4\J YQ'   d$  (>@Bô[P dR$$l4r5& 3*; d$ dH$<$$l4F5&`H eBRvRTX`Гd$ d$ a d$  d$d $d $ dxd (dx7dddГܓ  "z*ΚJȜL",fΥХ*,:>4`Hִ                               CГܓ < d$ a d$R$$l4r7 ]$``  `3`kd$  "zxoofZQQd   & F d dLdd~$$l4 7 &]$ 7777 *ΚJȜL",f & F7d 7dd dd dx  d #ddd & FdfΥХ*,:>dxdd 7dd7d  & Fd y d y7d & F7d 74`HִĶԶ tvܸԹj7d@7dd x/dl7dd7d(dddijʳгֳ¶ĶҶԶDH½Ƚ.6V &*LTlr 0>$4:P 2<DFHLLbtCJCJjCJUhmH5CJjCJUhmHCJCJmHUĶԶ tvܸԹjlnprtvxz|~л.@BD½v,.ֿؿڿTV2H4 jl FHl8RXZ`b& bjlnprtvxz|~л.@d$d@BD½v,.ֿؿڿTV2Hd $dx7ddE$$lr\7 ]!NNj 4 jld$$Odd$ 3d$dd $d FHl yd$"d$ "d$ d$xd$ Td$ d$d$ d$ 8RXZ`b{qiad$d$ !d$ "d$  d$  d$ d$ 7d$ d$E$$l\ Yl(N &(b4!d$  "d$ !d$E$$lN\ Yl(N d$ !d$ &(b46nL^pBJL|RHL`l6FRv BLPVX\ b46nLGE$$lb\ Yl(N 9d$d$d$  d$E$$lq\ Yl(N L^pB !d$ d$d$d$d$JLIDE$$l2\ Yl(N d$ ; "d$!d$ !d$E$$l\ Yl(N L|RHti^ (dd (dx (d7ddE$$l\ Yl(N "d$ ; @ xd$ d$d$ HL`l6FRv $d$d$$d$d7dd7d (dx (dt$2hPV &pv*,&(tv@B` fnlr $0FL2>xv T` ~X`jCJUhmHCJCJmH 6CJmHCJCJmHXlMN$$lr7} ' n  $d$d$P$$lsr7} ' n  BLPVX\N$$lr7} ' n  $d$d$ $JTZ`bfhN$$lr7} ' n  $d$d$ $JTZ`bf$*,2htx$BNT\^d<HJLNTx<HN bfN$$lr7} ' n  $d$d$ $*,2htx $d$d$N$$lr7} ' n $BNT\^d $d$d$N$$lr7} ' n <HJLPl $d$d$N$$lr7} ' n LNTxp $d$d$N$$lr7} ' n <HNTV\| $d$d$N$$lr7} ' n NTV\|"$*P\bhjp*068>bnrz|.:>FHNt"(*0\hlrtz b"$*P\bhjp $d$d$N$$lr7} ' n *068>bnrz $d$d$N$$lr7} ' n z|.:>Fp $d$d$N$$lr7} ' n FHNt"( $d$d$N$$lr7} ' n (*0\hlrtztt $d$d$N$$lr7} ' n  &np*,xz &(\djtv(06@BNPX`bd 0,68:FZp b &np@| }d$7d$dd $d$d$N$$lr7} ' n  *,xz d$ d$<$$ll4F%[` d$ $d$d$ VL d$E$$l\%[ $d$d$ !d$G$$l4\%[ &(\djtvWE$$l\%[d$ Xd$E$$l\%[ $d$v(06@ d$C$$l\%[ $d$d$ !d$ @BNPX`bd@YPI7d7dC$$l\%[ $d$d$ d$E$$l\%[ 0,68:FZp<$$l4FH(`$HH $d$ $d$ $Od $7d7d(7d8V@N$$lr$ H($$$$$ $d$P$$l4r$ H( $$$$  D<0N$$lr$ H($$$$$ $d$ $(*,.:BJRZ\^`@4rvx,Jxz~&FHż                               ?$(*,.:BJRZ\^`0\7d $OdN$$lr$ H($$$$$ $d$`@4rvx$7d $8d 7d d xd $d h d !@ dd  & Fdx Mxd7d,Jxz~T $ & Fd$ $ & F d$8$$lFF&G(! $d$&FHLRV\^hrz@ $d$8$$lFF&G(! $d$ $ & Fd$HLRV\^hrzxb@^RLZdtBTZ`flrz &,28>F    ^xb@^R$7d7dx7d U""@ d j d7d7d$7dPRb2>$N\R    . 4 \ b  z8z D !"f""#P#'))++R+\+40<01J2L2P2F4P44444j5n5T7X7j7v78F8H8r8t8~888888 CJOJQJ5CJ CJ5CJ5CJ6CJ 6CJmHCJmHCJULZdt< $d$R$$l{4r !Q'H(`) ```d$ d$ d$q|$$l4 b!Q'H( RSRS d$ $d$ BTZ`flrz{qggggggg $d$ hd$|$$l4 b!Q'H() RSRS d$ {qggggggg $d$  & F d$|$$l4 b!Q'H() RSRS d$  &,28>FPRT`{qqqqqqq{P $d$|$$l4 b!Q'H() RSRS d$ FPRT`bdfhjlxz|~ " $            B l n p r           , 4 < H P X Z ^          ",:BLZbdh"*8>@Bpx b`bdfhjlxz|~ qjc7d7d|$$l4 b!Q'H() RSRS d$ $d$ " $            B l  d$ !d$d$d$ $7d7d7dxl n p r        d$ d$ d$G$$l4\f"k(``  I    , 4 < H P X |rrrrrr $d$d$ d$q$$l4ִf" #k( I I nnm X Z ^          ",|rrrrrr |r $d$ "d$d$q$$l4ִf" #k( nnm ,:BLZbdh|r "d$d$q$$l4ִf" #k( nnm $d$ "*8>@Bp|r|r "d$d$q$$l4ִf" #k( nnm $d$ px|r "d$d$q$$l4ִf" #k( nnm $d$ 28DHLPTVZ$.<DN\dfhtVJpZvxz|~8:<  D F J R l x    b28DHLPTVZ|r| "d$d$q$$l4ִf" #k( nnm $d$ Z$.<Dzrd$q$$l4ִf" #k( nnm $d$ "d$ DN\dfhtV{rrrriird7d7dq$$l4ִf" #k( nnm $d$ JpZvxz|~7d $7d7d8:<  7d$7d$7d7dd D F J R l x       ͔mTC$$l\H(M - - d$ d$d$&$$ly4H(( $d$             !! !!8!>!B!D!H!`!p!v!x!|!!!!!!!!!!!!!!!""""4"6":"d"f""""""""""## ###P#R#V#v##### $$*$,$0$\$l$$$$                P         !! !!8!>!B!D!H!LTth <d$d$ :@ d$C$$l\H(M - - H!`!p!v!x!|!!!!!!!!!!!!!!!X8DxC$$l\H(M - - d$!""""4"6":"d"f"""""0`hn4&$$l4H((/$$l40H(Mg$ d$&$$lj4H(( $d$ """"""## ###P#΀(,h $d$/$$l40H(Mg$ d$1$$l40H(Mg$ P#R#V#v##### $$*$,$0$\$l$ـ4  & Fd$ d$:$$l4FH(Mx d$&$$l]4H((l$$$$$$$ % %%%%%v%%%%D  & Fd$ d$:$$l4FH(Mx  & Fpd$$$$$ % %%%%%v%%%%%%%& & &&>&@&D&p&&&&&&&&$'r'''''|++++++,(,@,B,F,~,,,,,,ދ                                     6%%%%& & &&>&ølwwwd$:$$l4FH(Mx d$<$$l 4FH(Mx>&@&D&p&&&&&&&&$'r''L{x8$$lFG(Mw  & Fd$d$8$$lFG(Mw ''''|++++++,(,@, dd$ $dd$7dd7d:$$lFG(Mw @,B,F,~,,,,,,,,_E$$l\e%M a dd$ $dd$C$$l\Y%M a ,,,---@-d-f-j---------...,.@.B.F.Z.p........//@/T/V/X/11J2L26H88|990:::<&<= >h>>BBVCDD|EtFF G GtHH$IIFJJJ6KDMMNN*OOO:P4QQRRRRRR       [,---@-d-f-j---------.. :dd$ dd$ $dd$C$$l\Y%M a ..,.@.B.F.Z.p........//@/T/V/ $dd$C$$l\Y%M a dd$V/X/11J2L26H88|990:::<&<= >$7d M7d B 7d  d7d7d7dd  & Fed7d7dd888888^9j9|9~9998:<:L:P:\:`:b:d:p:~:::::x;;;;<$<<<<===>>(>,>:>>>x>>>>>>>>>P@Z@@AAA(B.BXB\BBBBBBBCTC$DjDDD4E@EJE\EfE|EFFFFFFF GH 5CJmH6CJ 6CJmH CJOJQJCJCJmHY >h>>BBVCDD|EtFF G GtHH$IIFJ $d<$7d$7ddx  & Fed $7d7d7dH 7d@7d7d7dHHHHHHHHHHHIII$IIIIDJJJK KK KJKNKLLLLLLLLPMRMTMVMZM\M`MMMMMMNN"N&N,N6NBNNNZN^NNNNN*O6OO:PDPbPRRRRSSSS(T0TTTTUVU 5CJmH 5CJ6CJOJQJmH6CJOJQJ 6CJmHCJmH  CJOJQJCJCJmHPFJJJ6KDMMNN*OOO:P4QQRRRRRd$d $7 77dx7dd7d7d7d $7dd$7dRRRRRRRRRRRRRSTTUU2VVVV6WV[0` & Fd  7dd7d7dP7dx7d7dRRRRRRRRRRRRSTTUU2VVVV6WV[0`2`4`6`8`:`<`>`@`B`D`F`H`J`L`N`P`R`T`V``DaabxcHdddddddddddddperetezeTff{ghhhi{jj;kkkkkkkll0l@lBlDlFlHlJlLlNlmmm m$m&mmm   aVUUUVVXVRX`XvXXYYZZ[[d^p^x^^^^p_~___`$`L`V```` a$a8aBaDaHaaaaabbbblcvcxc|c`@`B`D`F`H`J`L`N`P`R`T`V``DaabxcHd7d7d\d 7d  HdddddddddddddperetezeTff{ghhd $xd$ xd$ d j 7d 7d  7dxhhi{jj;kkkkkkkll0l@lBlDlFlHlJlLlNlmmm m$m&m$dd&mmmXn\n^n`nnnoo6o8oXojoloooooooopppDpFpHpdmXn\n^n`nnnoo6o8oXojoloooooooopppDpFpHpJpLpNpPpRpdpfppppppHqJq\qhqjq|qqqqqqqqqq¼ΰї 1 Y i   5oXojopp\qhq|qqqqr>rrrrrTs|s~ss.tptvvVx^x`xfxxx(yDyFyXyyyr@r~rrrrrrrrrrrrrrss0s2sRsTs|s~sssss,t.tptrtttttttýî{xspkh<@AEF`a u      (*r>r@r~rrrrrrrrrrrrrrss0s2sRsTs|s~ssssss,t.tptrtttttttuuuu.u0u:u;>2>: 1$<@&5CJKHOJQJ<@< 03>;>2>: 2$@& 5OJQJ4@4 03>;>2>: 3$@&CJ4@4 03>;>2>: 4$@&CJ:@: 03>;>2>: 5$$@&a$CJ:A@: A=>2=>9 H@8DB 0170F0&Z@& "5:ABOJQJPOP Normal$ d,1$` a$CJ8_HhmHsHtHNON FR2d,1$`"5CJ8OJQJ_HhmHsHtHFO"F FR1 $1$a$"6CJ0OJQJ_HhmHsHtH4B@24 A=>2=>9 B5:ABCJ8P@B8 A=>2=>9 B5:AB 2CJD@RD5@E=89 :>;>=B8BC;  9r B bB86=89 :>;>=B8BC;  9r ZlHu&*/49L[iz $).Z_hnu #4O #Fs}"-ڼ3=<CBEDGFNt{| !()-./<=>?@ZlHu&*/49L[iz $).Z_hnu #4O #Fs}"-0   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOڼ!                            T()-/3K8@EPM0VMZ[_wdUlrx<эӑTX"oڼ   t !?E3!VPhijt8HVUoz FHLR !*8 CSVX\bcLgrjl>noHppq ,tވBГfj@4LLHfLzF(v@`` l  X ,pZD  H!!"P#l$%>&'@,,.V/ >FJR0`Hdh&mHp*rsuJxyz    !"#$%'()*+,-.012345789:;<>?@ACDEGIJMNOPSUVXZ[%^2<OVa@nX&NHF $,Rmqt xzz &/6=BKQTWY\l>C,2$(׎!ǐTwMt@dBd(  VB  C D"VB  C D"VB  C D "VB  C D"VB  C D"VB   C D"VB   C D"VB   C D"VB  C D"VB  C D "VB  C D"VB  C D"VB  C D"VB  C D"VB  C D"VB  C D"VB  C D"VB  C D"VB  C D"VB  C D"VB  C D"VB  C D"VB   C D"VB ! C D"VB " C D"VB # C D"VB $ C D"VB % C D&"VB & C D%"VB ' C D$"VB ( C D#"VB ) C D""VB * C D "VB + C D!"VB , C D "VB - C D "VB . C D "VB / C D"VB 0 C D"V 3 # 3x "VB 4 C D"VB 6 C D{"VB 7@ C Dy"\B : S Dz"\B ; S D~"V < # <| "V = # =} "VB >@ C D"VB ? C D"VB @@ C D"VB A C D"V B # B "V C # C "V D # D "V E # E "V F # F  "V G # G "\B H S D"\B I S D"\B J S D"\B K S D"\B L S D"\B M S D"P N     "VB O C D"VB Q C D"\B R S D "\B S S D "\B T S D "\B U S D"VB V C D"VB W C D"VB X C D "VB Y C D"VB \ C D"VB ] C D"VB _ C D"VB a@ C D"VB c C D"VB d@ C D"VB f@ C D"VB h C D "VB i C D"VB j C D"VB q C D"VB r C D"VB s C D"P t   '  "VB v C D("VB w C D+"VB x C D*"VB z C D)"P {   ,  "P |   -  "VB } C D/"VB ~ C D."VB  C D5"VB  C D4"VB  C D3"VB  C D2"VB  C D1"VB  C D0"P   9 "P   8 "P   : "P   7 "P   6 "VB  C D>"VB  C D="VB  C DD"VB  C D<"VB  C DC"P   H "VB  C DB"P   G "VB  C DA"P   I "VB  C D;"P   J "VB  C D@"P   F "VB  C D?"P   E "VB  C DP"VB  C DO"VB  C DN"VB  C DM"VB  C DL"VB  C DQ"VB  C DK"P   R "P   S "VB  C DW"VB @ C DV"\B  S DU"\B  S DT"P   X "P   Y "VB  C D\"VB  C Dc "\B  S Da "\B  S Db "P   ` "P    _  "VB  C De"P   ] "P   d "VB  C Dm "\B  S Dl "\B  S Dj "VB  C D["\B  S DZ"\B  S D^"\B  S Df"P   !n !"P   "o ""VB  C Dk "VB  C Di "\B  S Dh"\B  S Dg"P   #q #"P   $p $"VB  C Dt"VB  C Du "\B  S Ds "\B  S Dr "P   %v %"P   &w &"P   ' '"P   ( ("\B @ S D"P   ) )"P   * *"P   + +"P   , ,"\B  S D"\B  S D"\B @ S D"P   - -"P   . ."P   / /"P   0 0"P   2 2"P   1 1"\B  S D"\B  S D"\B @ S D"\B  S D"P   3 3"VB  C D"VB @ C D"VB  C D "VB  C D"P   5! 5"P   4 4"VB  C D"VB  C D "VB  C D "VB  C D "VB  C D "VB  C D "VB  C D"VB  C D"V  # 6 6"V  # 7 7"P   8 8"P   9 9"VB  C D "VB  C D"VB  C D "VB  C D"VB  C D"VB  C D"V  # : :"P   ; ;"P   < <"P   = ="VB  C D"VB   C D"VB   C D"VB   C D "VB   C D "VB   C D "VB  C D"VB  C D "VB  C D"P   > >"P   ? ?"P   @ @"P   A A"P   B B"VB  C D"VB  C D"VB  C D"P   C C"P   D D"VB @ C D"VB  C D"VB  C D"VB @ C D"VB  C D"P    E E"P !  F F"VB " C D"VB # C D"VB $ C D"VB % C D"VB & C D"VB ' C D"P (  G G"P )  H H"VB * C D"VB + C D"VB , C D"P -  I I"P .  J J"P /  K K"VB 0 C D"VB 1 C D"VB 2 C D"VB 3 C D"VB 4 C D"VB 5 C D"VB 6 C D"VB 7 C D"VB 8 C D"VB 9 C D"VB : C D"VB ; C D"P <  L L"P =  M M"P >  N N"P ?  O O"P @  P P"HB A C DHB B C DB S  ?MNOPQRSUVWbcdefg !%"&"l"m"$&z'''''''?)A)D)E)F)I)J)N)O)R)S)T)U)V)W)Y)Z)[)\)])a)b)c)d)g)h)i)j)k)l)n)o)p)q)r)s)w)x)y)z){)|)~)))))))))))))))))))))))))))))))))))))**`YbYcYdYeYfYgYhYjYkYlYmYnYoYpYqYrYsYtYuYvYwYxYyY[[[[[[[[[[["\#\\\\]]]]```ooo°ðİPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~ڼ R 5R t #5#t(5(tr'5(5t5t5r'5t((% t0(O(ot/R OR ot.((ot-#O#ot,Ot(t#?#_ t ?? tR ?R ? t(tt((t##tR qR toot(t(tt(t!##6t R R t"($(tt#(t$(t*##t+((t)R R t(t'(t&t%ttr "Mtv tz 7 tx7tw7 7t{2t|R&t~RRt}2 2 t#i#titititiiti#it&Wt"rWt"Wttrt22t2 2 attt%-%mt!-!mt"-"mtR-RtR-%-t--t$+(t+#t"rt t+bt+rt6t6t262tB!6B!t%6%t6t%t2 2Rt Ftbbdtrrdtb trt"2%bt"R bt2ppt2p2t" " t Jt2**t*r't*2t *t" "*t " t&trr2t2t%%tb"b"tb"%tPt$$ttt"^tNt$<(|t<#|t!!8t8tt!tftf#t3 t7 ttt:tt6ttt<"%t=rt; v t422vt>{"{t@{r{tJmrmtMm"mtL} "} tK"tI} r} tHrtGr tF" %tEr]  tD"] % tCr=tB"%=tA}mt?}mtNl ,tU  tTLLtS tR<<tQ< tOtV!(|#(tX|#(|#H tW,LtY,, ta!|#t\,Ltd|#t],Ltc##tB,0L0tA,tf0|#0t_2~~ti|#|#th\nqtj'tstr%tqtr!t! t   t2 r t  t B!/t2 /tB!ot ot rtr { tr + r+ t+t  tr kt r tr t"r tr[+t[r +t=bU&%)t>BU&B%)t@U&R&%)t?U&r%)t<U&"%)t;!$!U&t:$U&t9b$bU&t8$U&t7R$RU&t6$!$t5R$b$t3!$t4!$t2But1b5but05ut/u2%!t."u!t-ur !t,5b5t+5t)B t(bt*"t!BBt t'""t% "t&22t$ 5 t#  t"" tRRtR"t"5"t!E$tEtt" (t tr5t  t  t  tu  t" Et Et  t u ttRRt "RtR 5tt Rt5t RRt""t t B%Bt%t$ (Et" #Et% % tb" b" tb" % t$u $ t"  r'u t  R%t2 %t$EtBEt2%e2% te trer te te2%etreet" E" etEet" U" tUtUUt5butbU" UtT[y\4_45566[>^>GGGGHI3OAO7Q>QHQOQxQQQQ"R)RRR6S=S^>m@o@@@BBlFsFGGGGrKKLLNSTSSST6T_XhX]]]]"_#_a"a/a3a'b0bCbDbEbFbbbbb;d=d"e'effffffgg9rEr/s0svvvw}}/1 "Q'(ryՑڑ#=+՘,2KM ;<;=ABcd?@\cklhjGNO^+-68٦ڦ`Զ÷ӷۼ@8=0"D:\>8 4>:C<5=BK\==0\# !.doc@8=0&C:\WINDOWS\TEMP\2B>:>?8O # !.asd@8=0"D:\>8 4>:C<5=BK\==0\# !.doc@8=0&C:\WINDOWS\TEMP\2B>:>?8O # !.asd@8=0"D:\>8 4>:C<5=BK\==0\# !.doc@8=0"D:\>8 4>:C<5=BK\==0\# !.doc@8=0"D:\>8 4>:C<5=BK\==0\# !.doc@8=0"D:\>8 4>:C<5=BK\==0\# !.docSDGDG-C:\WINDOWS\TEMP\2B>:>?8O # !  ".asdSDGDG1\\Server\d\>8 4>:C<5=BK\==0\# !  ".docS >'=u(4;M0>'5,;>'{B<4;@^PB!A4;[9]27^4;z`[`4;jd=g1Ts4;i+{^`o(-hh^h`o(.hh^h`o(.^`o(.0^`0o(..tt^t`o(... ^`o( .... `^``o( ..... `^``o( ...... ^`o(.......   ^ `o(........^`o(-^`o(-hh^h`o(.^`o(.0^`0o(..tt^t`o(... ^`o( .... `^``o( ..... `^``o( ...... ^`o(.......   ^ `o(........hh^h`o(.^`o(.0^`0o(..tt^t`o(... ^`o( .... `^``o( ..... `^``o( ...... ^`o(.......   ^ `o(........hh^h`o(.^`o(.0^`0o(..tt^t`o(... ^`o( .... `^``o( ..... `^``o( ...... ^`o(.......   ^ `o(........hh^h`o(.hh^h`o(.^`o(.0^`0o(..tt^t`o(... ^`o( .... `^``o( ..... `^``o( ...... ^`o(.......   ^ `o(........hh^h`o(.hh^h`o(.^`o(.0^`0o(..tt^t`o(... ^`o( .... `^``o( ..... `^``o( ...... ^`o(.......   ^ `o(........hh^h`o(.hh^h`o(.^`o(.0^`0o(..tt^t`o(... ^`o( .... `^``o( ..... `^``o( ...... ^`o(.......   ^ `o(........hh^h`o(.=uM0i+{[9]z`B!A27^@{B<(S jd=g1Ts[`5,;@HP LaserJet 1100\\Local1\hphpptaHP LaserJet 1100HP LaserJet 1100bw dXX210 x 297 HP LaserJet 1100\\Local1\hp@@PdHHP LaserJet 1100bw dXX210 x 297 HP LaserJet 1100\\Local1\hp@@PdH$x< *,@H`abcdm{{{{ڼPPP PPPP@PXP\PPPPPPPPP P.P<PNP@PhP@PlPnGTimes New Roman5Symbol3& Arial?5 Courier New"ph&K&U@L5GlMAY>0d2545=85@8=0SDGDG Oh+'0l   ( 4 @LT\d NormalSDGDG53DMicrosoft Word 8.0@j4u@ul@c0R@tl ՜.+,D՜.+,< hp  AMj    6> _PID_GUIDAN{97AE0824-D7E3-11D4-9FD0-0080AD8A77FD}  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry Fwkt1Table^WordDocumentSummaryInformation(DocumentSummaryInformation8CompObjjObjectPooltt  F Microsoft Word MSWordDocWord.Document.89q