Documente Academic
Documente Profesional
Documente Cultură
Analiza EconomicoFinanciara
Analiza EconomicoFinanciara
Capitolul I Analiza activitatii de productie ~i comercializare , , Capitolul II Analiza cheltuielilor Capitolul III Analiza rentabilitatii Capitolul IV Analiza situatiei financiar-patrimoniale ~i a utilizarii potentialului tehnic Capitolul V Teste grila Raspunsuri
Descrierea CIP a BibJiotecii Nationale a Romaniei Analiza economico-financiara : sinteze teoretice, apJicatii rezolvate ~i propuse, teste grila !Flavia Anghel, Luminita Horhota, Nicoleta Cristina Matei, Raluca Voicu; coord.: Marin Tole, Daniela Zirra. -Bucure~ti : Pro Universitaria, 2006 ISBN (10) 973-8994-41-1 ; ISBN (13) 978-973-8994-41-6 1. Tole, Marin (coord.) ll. Zirra, Daniela (coord.) TIT. Anghel, Flavia IV. Horhota, Luminita V. Matei, Nicoleta Cristina VI. Voicu, Raluca
45
92
117
132 149
Lucrarea de fata este destinata atat studentilor, cat ~i managerilor ~i speciali~tilor in domeniul economic. Prin modul in care a fost conceputa, culegerea are un pronuntat caracter pragmatic, tinand seama ca toate notiunile teoretice ~i metodologice sunt imediat aplicate in practica prin intermediul unor aplicatii ample, elaborate astfel incat sa contina elementele necesare unor analize complexe. In contextul schimbarilor frecvente din mediul economic ~i social contemporan, speciali~tii in domeniu trebuie sa posede cuno~tinte diverse, pentru a fi capabili sa elaboreze un diagnostic bine structurat al organizatiei in cadrul careia i~i desfa~oara activitatea. Pe baza concluziilor formulate in aceste studii, managerii pot decide in cuno~tinta de cauza ~i, prin urmare, vor alege solutiile optime, care asigura cre~terea rentabilitatii ~i a competitivitatii pe fondul dinamicii accentuate impuse de economia cunoa~terii, de integrarea in Uniunea Europeana ~i, nu in ultimul rand, de globalizare. De asemenea, lucrarea are, prin excelenta, un caracter investigativ, metodologic ~i practic, deoarece pune accent pe concepte, principii ~i modele de analiza economico-financiara cu ajutorul carora sunt explicate mecanismele de influenta ale factorilor ~i a conexiunilor cauzale dintre diverse fenomene ~i procese economice. Studiile de caz prezentate (utilizandu-se exprimarea valorilor financiar contabile in lei noi) au ca obiect de analiza 0 serie de indicatori economico-financiari cheie, insistandu-se indeosebi asupra laturii sistemice a diagnosticarii. In consecinta, lucrarea are un rol esential in formarea gandirii speciali~tilor ~i a managerilor, precum ~i in cre~terea capacitatii acestora de a intelege mai exact complexitatea ~i dialectic a fenomenelor cu care se confrunta. Diagnosticarea
corect~ a .aspectelor economice ~i financiare permite elaborarea profeslOmsta a strategiilor ~i a politicilor de gestionare a resurs~lor astfel incat sa se asigure dezvoltarea durabila a afacenlor. !estele grila ~i aplicatiile propuse pentru rezolvare au memrea sa completeze informatiile ~i sa favorizeze aprofundarea cuno~tintelor dobandite in domeniul analizei economico- financiare.
de ~i de in
pe
Tema 1.1. Analiza situafiei generale a societafii comerciale pe baza indicatorilor valorici 1.1.1. Analiza dinamicii activitafii de producfie ~i comercializare pe baza indicatorilor valorici Pentru aprecierea modului in care evolueaza fenomenele ~i procesele economice se pot utiliza, printre alte metode, indicii (Ix), care pot fi exprimati fie ca raporturi simple intre valorile curente (realizate) ale indicatorilor economici (Xl) ~i valorile precedente (previlzute) ale acestora (Xo): Iv= Xl
Similar, se poate stabili evolutia indicatorilor luati in considerare (X) ~i daca se calculeaza indice1e sub forma raportului simplu, respectiv: Ix> 1 arata ca X a crescut in perioada analizata; Ix = 1 arata ca X a ramas constant in perioada analizata; Ix < 1 arata ca X a scazut in perioada analizata.
curenta realizat 1.535 1.618 1.652 ~60 Prevazut/ precedent 100,8 100,72 100,59 100,96
"'
Xo
I 2 3 4
fie sub forma raporturilor procentuale, respectiv raportul simplu inmultit cu 100: Xl 1 -xIOO x= Xo
Produclia martT 1.596 fabricata (Qr) Produetia 1.627,9 exercitiului (0,) Valoarea 651.2 adaugata (() 0)
[%] CONCLUZII: Prognozarea activitatii in perioada actuala fata de perioada precedenta a vizat cre~terea valorii tuturor i~dic.ilor, ceea ce s-a ~i realizat. Dar, din punct de vedere cahtatlv, se pot face urmatoarele precizari: in program s-a prevazut reducerea stocurilor de pro.duse finite, dar in realitate acestea au crescut, deoarece productIa de marfa fabricata a crescut mai mult dedit Ca, de unde se poate deduce ca desfacerea nu a fost asigurata pentru tot surplusul de produse. Ica < IQf pentru realizatlprecedent ~i pentru realizat/prevazut in loc ca ICa > IQf; aceea~i situatie se constata ~i in cazul celorlalte doua corelatii IQf < IQe in loc ca IQf> IQe ~i chiar se constata ca lca < IQe;
Dupa calcularea indicilor sub fonna de raporturi procentuale, evolutia indicatorilor analizati se apreciaza astfel: Ix > 100 arata ca X a crescut in perioada analizata cu diferenta dintre Ix ~i 100 (de exemplu, daca Ix = 125%, inseamna ca X a crescut cu 25% in perioada analizata, sau daca Ix = 300% atunci X a crescut cu 200%, respectiv s-a trip1at); Ix = 100 arata ca X a ramas constant in perioada analizata; Ix < 100 arata ca X a scazut in perioada analizata cu diferenta dintre 100 ~i Ix (de exemp1u, daca Ix = 85%, inseamna di X a scazut cu 15% in perioada analizata, sau daca Ix= 30% atunci X a scazut cu 70%).
se poate deci aprecia ca din lQf< lQe au crescut stocurile de productie netem1inata ~i consumul intermediar ~i a crescut ponderea cheltuielilor materiale la nivel de firma. Analiza raportului static ~i dinamic a indicatorilor valorici a. Raportul static: 1. Ca / Qf( cifra de afaceri / produetia marfa fabricata). 2. Qf / Qe (productia marfa fabricata/ productia globala respectiv productia exercitiului). ' 3. Qa / Qe (valoarea adaugata / productia globala sau productia exercitiului) REZOLVARE: Conform datelor din tabelul precedent (nr. 1.1.), obtinem: Tabelul1.2.
Perioada precedentii (n-l) 0,9523 0,9804 0,4000 Perioada Previizut 0,9533 0,9817 0,4015 curentii n Realizat 0,9487 0,9794 0,3995
mult , valorile realizate sunt situate sub nivelul valorilor inregistrate in perioada precedenta pentru aceea~i categorie de indicatori. b. Raportul dinamic:
lea IIQf IQfIIQe IQallQe
Nr. Crt. 1 2 3 4
Perioada precedentii [%] (Pn -1) 100 100 100 100 1,0 1,0 1,0
Perioada Previizut / precedent 100,8 100,72 100,59 100,96 1,0008 1,0013 1,0037
curentii (Pn) Realizat / precedent 100,98 101,38 101,5 101,35 0,9961 0,9988 0,9985
CONCLUZII: Pentru perioada de previziune s-a urmarit cre~terea valorii celor trei raporturi. Ca urmare, s-a avut in vedere realizarea urmatoarelor obiective: scaderea stocurilor de productie neterminata; scaderea ponderii cheltuielilor materiale. ~ar, valorile realizate sunt sub nivelul prestabilit, fata de valonle prevazute (vezi ultima coloana) - evolutie necorespunzatoare a activitatii situatie nefavorabila. Mai
5 6 7
Indicele productiei marfa fabri cate (lor) Indicele productiei exercitiului (JOe) Indicele valorii adaugate (lOa) ICa / lor lOll JOe fOa / foe
CONCLUZII: Si din situatia raportarilor curente se poate constata ca evolutia indicatorilor nu a fost cea dorita. S-a prevazut 0 situatie favorabila ~i s-a realizat 0 situatie nefavorabila in evolutia firmei.
1.2.1. Analiza dinamicii ~i structurii cifrei de afaceri Intr-un mediu economic instabil, fiecare firma dore~te sa supravietuiasca ~i sa se dezvolte. Pentru ca acest lucru sa fie po sibil ~i pentru ea firma sa poata actiona in aeeasta direetie, exista solutia diversificarii gamei de produse ~i/sau servicii oferite, realiziilldu-se astfel ~i 0 diversifieare a strueturii veniturilor. Pentru a stabili care sunt deciziile optime privind ere~terea veniturilor se pleaca de la situatia existenta in eadrul firmei privind veniturile realizate, evolutia lor ~i sursele de provenienta. Aeeasta modalitate de a analiza cifra de afaeeri permite evidentierea modului de evolutie a fieearei eategorii de venituri, contributia lor la formarea cifrei de afaceri, precum ~i modificarile care apar in privinta structurii eifrei de afaceri.
275
300
265
96,4
88,3
20,41
18,45
1445
1470
1435
99,3
97,6
100,00
100,00
CONCLUZII: . . Din datele prezentate se poate constata urmatoarea sltuatle: fata de perioada preeedenta, veniturile realiz~t~. din activitatea de baza, ca ~i eele din prestarile de serVlell a~ scazut, in timp ce veniturile din aetivitati industriale ~l comerciale au crescut; Veniturile totale au seazut cu 0,7% fata de perioada precedenta, respectiv eu 2,4% ~ata de niv~lul prevazut, ceea ce arata 0 evolutie negativa a eifrel de afacen; Situatia inregistrata se poate datora urmatoarelor eauze: supraevaluarea cererii; cre~terea concurentei; nerealizarea productiei prevazute; organizarea deficitara a activitatii; reducerea productivitatii muncii, etc.
Tabelull.4.
-miiRONPerioada Nr. SpecificatiE precedenti' Crt. (n-l) Previizut Venituri din 1 activitatea de baza Venituri din alte 2 activitati, din care: Venituri din 3 activitati industriale Perioada curentii (n) Realizat Indici (%) Structura (%) Realizat Realizat / Realiza / Previizut Previizut t IPreceden
850
825
.
810
95,3
98,2
56,12
56,46
595
645
625
105,04
96,9
43,88
43,54
320
345
360
112,5
104,3
23,47
25,09
p B m2Vi tupqiupq pq nk~mmhkuu rmomhku= skmpnz pq zrqlmkmkq mqtuom )gP2i,R ihpqkqm ~uvzhmoqzhk upq ikhpnomuoq )gP(2 g0P,R r kmpm~qmnz ~uvzhmoqzhk upq ikhpnomuoq )m2VgP(,0 r
Uk1 okm1 Opuommhk ]u~nhz ?2;2 ~uuzqu Xqkl1 ~uuzqu ~uu zqu ~uu zqu ' Xkqoqpqm lmn ikqomrnm 6483 493 6357 5;; 549 :8 [qmzurmm 6498 496 6644/9 5<9/7 56:/45 ;3 3/<<8: 53/6499 4/;4; 46/<:
"d0ax / i
@0
H
ooo) 3
th
Humkmpq mrmoqku ax Un~mk ~qpun pq lmzmkummu i Xkhpnomum~mkmm rmnkuommm cmzhmkqm ~qpuq mmomuoqzhk 71 gP rupq cmzhmkqm ~qpuq mmomuoqzhk 81 gP rupq ikhpnomuoq Xhpqkqm momuoqzhkrupq gP(RgP 91 ikhpnomuoq Mkmpnzpq omzhkuruomkq m :1 ax2mP ikhpnomuqu ~mkmm rmnkuommq Xkhpnomuoummmqm ~nouu ;1 pT mPVi gP2i <1 Mkmpnzpq urqlmkmkq mqtuom [mpm~qmnz momuoqzhkrupq 431 mPVgP ikhpnomuoq 51 61
41
PS
0
~uu zqu2iqkl uu zqu2iqkl zquzzzqn g\(
v i
0 H
0gdR 0gPf 0mPY 0axY v i i; gPY gPf mPY 0gPf 0mPY. 0axY gPx gPY mPY
Ti
[ K
sgdR v gPY, iC iY
:
"d0axgP B 496v )4/;4; 04/;,v3/:8 41515141 Emzurmu rnomuq pq bzzmknz pq lmzmkummu ,:./ ikhpnomuoummmqm~nouu )mP2i, t4 skmpnz pq omzhkuruomkqm ikhpnomuqu rmnkuommqax2mP, ) 7 Ti0mP0 ax x imP [JgVScE[J= m,urznqmmbzzmknznupq lmzmkummu= "d0ax B i
;(;
H
l urznqmm pmmhkmmmihpqkuu ~uvzhmoqzhkrupq ikhpnomuoq )gP(2g0P,Q "d0ax9U) B iu 0gdR 0)gP(V / gP(Y gP i; gdR gPY
496 v4;/4;v )3/;3 0 3/:8,v47 v4/374: B . 549 ~uu zqu urznqmm pmmhkmmm kmpm~qmnznu ~uvzhmoqzhk rupq ikhpnomuoq )m2VgP(,Q
H
th
"d0ax 0 B i
9M)
mT
P1 xY T
72
th
ooo)
. CO.VWSSVOS
o, urznqmm pmmhkmmm skmpnznu pq omzhkuruomkq ikhpnomuqu m ~mkrmrmnkuommq )axV mP,Q =<1 ";axx e:C 1l41
mP
)x ax P B4961536/4991)3/<<8:04/374:,B05;7/:
B9
:C
=M1
BB
mPY
//
u kqpnoqkuu ohmqu pq iummmom nk~mkq m nqu lzmnq momuoummmpq ~mkxqmus lmn om nk~mkq m lompqkuuoqkqkuu iqmkn ikhpnlq4q rmnkuommqlmn pmmhkummumkmkuuiq iummmm hu ohonkqmu on ikhpnlq ~mu uqrmuq tu2lmn n = omzummmq o ~mukupuommm1 aEFSVbS ]OUVXaOHES OULSbJUaJSV[ (1jD B 48 ~uu zqu m, (1jD:e .8</4 ~uu zqu> n, (1jDWe .573/9 ~uu zqu/pu omkq= 0urqlmkmkqmmqtuom .65 ~uu zqu> l ihpqkqm ~uvzhmoqzhk upq ikhpnomuoq .549 ~uu zqu> r l kmpm~qmnz ~uvzhmoqzhk upq ikhpnomuoq 0 :/7 ~uu zqu> r o, (1jDED:=Ke 0 5;7/: ~uu zqu1 1.A.A.A.CodmlDdidgupsldNl d elisgl fg didggsl lo ivogulg fg zdslduld gdouludullzdofvug tumrsguvmvl
44
~uu zqu HVUHSbgOO= Iu mmzurm kqmzurmmm ihmmq ohlmmmm omourkmpq mrmoqku lq pu momuoummmqm nmrmmokqlonm on 48 ~uu zqu1 pq Eoqmlmmokqtmqkq mkqzmnmrm nk~mmhmkqzqomnrq= okqtmqkqmikhpnomuqu ~mkrm rmnkuommq)mP, om nk~mkq m okqtmqkuun~m~znu pq lmzmkummu zm 493 zm 496 )rmim omkq m pq sqqkmm okqtmqkqm ax qn 8</4 ~uu zqu,/ ikqon~ tu m okqtmqkuu ikhpnomuoummmuu nouu pq zm4;/< ~uu zqucZO\] zm53/6499 ~uu zqu ~ o iqkl )oqqmoq mpqmqk~umm okqtmqkqmjD on 573/9 ~uu zqu> okqtmqkqmuoqznznuikhpnomuoummmuu ~nouu l0mkqmzurmm om nk~mkq mikhpnoqkuu nk~mmhmkqzhkmliqqmq= w Hkqtmqkuuskmpnznupq urqlmkmkq mqtuqm )gPVi, pq zm4/; ~uu zqucZO\] zm41;4; ~uu zqu/oqqmoq mqhpnl zmokqtmqkqmourkqu pq mrmoqkun 65 ~uu zqu1 o w Hkqtmqkuuihpqkuu ~uvzhmoqzhkrupq ikhpnomuoq )gP(cgT, pq zm:8' )3/:8 pu 4, zm;3' )3/; pu 4,/ oqqmoq mqhpnl zm okqtmqkqmourkqupq mrmoqkun 549 ~uu zqu1 o [qpnoqkuu kmpm~qmnznu ~uvzhmoqzhk rupq ikhpnomuoq )mPcgP(, pq zm47 zqu mPc; zqn gP zm 46/<: zqu mP 44 zqn gP(. pmmhkummokqtmqkuuskmpnznu pq nrnkm m ;E tu ihpqkuu ~uou m uoqlmumuuzhk/oqqmoq mpqmqk~umm lompqkqmourkqupq mrmoqku on :/7 ~uu zqu1 skmpnz pq omzhkuruomkq ikhpnomuqu ~mkrm rmnkuommqm m urznqmmm qsmmuo qoh4nmumourkqupq mrmoqku pu momuoummmqm pq nmrm/ qhmkqoqmoqmlmm p mlqmrnm pq zm4/374: zm3/<88: zquaxVV zqn Zr1 Hmnk~mkq murznqmqu moqlmnurmomhk/ourkmpq mrmoqku0m l pu~unmm on 5;7/: ~uu zqu1Eoqlm mliqom qsmmuo lq pmmhkqmrm w
jD
B f[SlS
>B4
44 44
(1jD
B jDV /
jDY
B f[2VlSj
13>
/ f[RYlSj
13>
Lmqmhknz[ ohmuq tuurznqmm lmknomnkuu ruruoqmikhpnomuqu ompnmq/ mlmrqzomu omrnzikhpnlqzhk h~hsqq )qpiku~mmq u moqzqmtu nummmupq ~mlnkm,/ moq~ nk~mmhmkqzqkqzmmuu= 0 urznqmm ~hpuruomkuu ommummmuu 0 0 ompnmq=
;;
(1jDR
B f[SVZWY
G3>
/ f[SjlSj(
G3>
oCjDQ
B f[SVlSj
up
/ f[SVZWP
uB4
Emzurmlq rmoqiq skniq pq ikhpnlq/ pnim on~ nk~qmrm= fjD B jD 4 0 jD m B 6;<3 0 6933 B .5<3 ~uu zqu/pu omkq= ft ;3232 0 w w w MknimOB . 63:/8 ~uu zqu> MknimOO . 65/8 ~uu zqu> B MknimOOO 0 83 ~uu zqu1 B
0 urznqmm~hpurupukuuikqmnkuzhk ,<. c
X X
oCjD Q
B f [SVl^S / f [SVl2j
4B4 uB4
22
ih jhXh XO )Oqu2b1T1, )Oqu2b1T1, )~uu zqu, 458 <3 :3 --<7/;66 )i~m, 41533 96:/8 :33 5186:/8 jmXO jzXV )~uu )~uu zqu, zqu, 4583 ;::/8 :4/:8 5;7/8 433 :64/58 ;53 51935/89 KI i~h, 51884/58
c1zcO1
jh
jz
41533 41333 433 ;83 <:8 :8 41358 ;:8 ;3 51<58 61333 -;9/:85 )i~h,
oCjD[e c[SVZWP
>B4
0 f[RjlSj
4B4
):0
B f[SVlSj/
>B4
f[SVZWP
4B4
T=0I3=RCIA/=0CC;.=CT-C;.>;A
:0 VP 33,
ahmmz ~1q1 51:83 61533 sknhm 44 ahmmz nnq1 :1833 81333 91 sknim OOO :1 aVaES 81 583 83 558 98 9;:/8 6:8 61933 :5 658 61;<3 ;33 583 61985/89 61934/58
oCjDQ 3 f[SVlSS
uB4
/ f[VVlSj
4B4
/ (^[SjlSj
G3I
1. [TZY /[YlY
3 )jv /[Y,lY
3 ;3309;:/8
3 .445/8
G [SVlSV / 0M [SVlp
;T; SQQQQV
:53 0 ;33
B . 65/8
--
l431333v458.<1:83v<3.431583v:3 431333.<1:83.431583
Mknim OOO 0 urznqmm ~hpuruomkuu ommummmuu ompnmq= VVax[ B58306:8B0458~uuzqu 0 urznqmm~hpuruomkuu ikqmnznu pq omrmkq= VVaxQ B6580583B.:8~uu zqu 0458.:8B 0 83 ~uu zqu
sknim m99 0mm sqqkmm 3 qkqtmqkq m ourkqupq mrmqqku qn 445/8 ~uu zqu/ pmmhkummqkqtmqkuu qmmummmuu ompnmq/ omzhmkq lniqkuhmkmkqpnqqkuu oqkqkuu on ;3 ~uu zqu/ pmmhkummlompqkuu ikqmnznu> sknim m 9990mm urznqmmm qsmmuo ourkmpq mrmoqku iku qohznmumqmmubumuu/ moqmlmm lomrmp on 458 ~uu zqu/qtumk pmqm qohznmumikqmnznu mpqmqk~umm okqtmqkqmourkqupq mrmoqku :8 on ~uu zqu> omzhmkqmmhmmz m urznqmqu skniqu m 9990m m rhlm m qsmmuom/ otumk pmqm ikqmnkuzq pq omrmkq mn okqlonm1 O ohoznruq/ lq u~inq iqmkn iqkuhmpmnk~mmhmkq = okqtmqkq m ohzn~nznu omrmkuzhk u mqqmlmm p sknim pq ikhpnlq1 415161 Emzurmourkqupq mrmqqku momuoummmqm nmrm pu pq u qu qhkqzmmuq qmimoummmqm ikhpnqmuq tuqqkqkqm iuqm qn pq Hurkmpq mrmqqkulmq urznqmmmmpq nk~mmhkuu rmqmhku= q qmimqummmqm ikhpnqmuq> pq kqlnklq 0 ~mmqkumzq/ ~mq turumoumkq> n qqkqkqm pq ikhpnlq )iummm, 0 qpulmqmm mqqlmqumom pqmqk~um ikhpnqmmhknz lm qmnmq lm qkqmlqmuoqznz omimqummmuu pq ikhpnomuq/ omkq mkqnnuq lm ruq u ohohkpmmm on qqkqkqm lhzomnuzm1 O1 IOU XbUHabS IJ cJIJ[J OUaJ[UO ES LEHaV[OSV[ amnqznz41;1
HVUHSbgOO= oh~imkmmuo on iqkuhmpm ikqoqpqmm lq hnlqkom omqurkm pq mrmoqku okqlonm qn 5<3 ~uu zqu( m 0 0 zmmoqmlmm okqtmqkq/ oqm~mu ~mkq ohmkunnmuq mn monm0h ikhpnlqzq pu iku~m sknim/ mz omkhk ikqm m okqtqnm rmmmpq iqkuhmpm ikqoqpqmm> % 0 iqmkn sknim O/ qohznmuu4q ommummmuuompnmq tu m i=qmtkuzhkmnmonm = urznqmm rmohkmnuzm/ pqmqk~ump okqtmqkqm Hzrkqz mrmoqkun 46/:8 ~uu zqu/kqliqomuo qn 575/769 ~uu zqu> pq o 0 thpuruomkqmlmknomnkuu ikhpnomuqu ompnmq pu sknim 9 m monm = ~rznqmm qsmmuom/ pqmqk~ump lompqkqm ourkqu pq mrmqqku n 84/647 ~uu zqu/pqou mzqsqkqm o lmkmmqsuqupq iummm m n rhlm qhkqzmmm qohznmumoqkqkuu1 qn Hmnk~mkq/ iq ouumhk lq ohk znm ~mlnku pq mpmimmkq m lmknqmnkuu ikhpnomuqu zm qqkqkuzq qhln~mmhkuzhk> /
/ WSV0VOS/
[qmzurm
M
Enz >
Enz 6
Tqpum mnmzm
92
Hmimoummmqm pq ikhpnomuq mZ Xkhpnomum rmnkuommm mP Hurkmpq mrmoqku ax Hqkqkqm qlmu~mmm zmOoqinmnz umqkomznznuaO Mkmpnzpq nmuzurmkq mmZ )!, Mkmpnzpq lmmu lrmoqkqm oqkqkuu)!, Mkmpnzpq omzhkuruomkq m ikhpnomuqu )!,
49
48/9
49/7
493
499
499/3;
CP XOJaJz tOES
51
45/;
46/59
467/5
485/:5
47</7
51
61
46/77
45/:'
467/3;
485/:5
47:/49
71
4:/:6
4:/85;
49</9
488/37
487/4
oQ 3 omrmku ikhikuu ? 3 mhmmzomrmkuiq iummm mhmmqiuqmqzq, )iq 0 pqou/ iqmkn ruqomkqiummm pqlrmoqkq )ruqomkq lqs~qm, pq ruk~m mkq3 ohmmpq iummm
?< )0 jQ e0ZC<</0C/
81
;3
;8
;9/8;
;6/;:
<5
<3
V
X
5 / 111
91
:8/;
:6
;</8
:</4
<;/8
<8/8
:1
438
<9/8
<;/8
<</4
433
<;/8
oS 3 mhmmzomrmkuiummm K
o B mhmmzoozrmku mhmmq lqs~qmq4q iq Iu iku~m kqzmmuq 34 oZ
7 3
[JgVScE[J= 0 skmpnz pq lmmulrmoqkq moqkqkuuA 433 30004 qpulmmlnkiznl pq oqkqkq lhzomnuzm> 0 skmpnz pq lmmulrmoqkqm oqkqkuu m okqlonm u iqkuhmpm onkqmm rmmmpq iqkuhmpqzqikqoqpqmq/ pmk tuuoqznz qlmu~mm mz oqkqkuuiqmkn ikhpnlqzq ruk~qu mlomrnm> 0 omnrq ihmqmumzq mzq lompqkuuoqkqkuu=lompqkqmomzummmuu ikhpnomuqu> okqtmqkqm ohonkqmqu> lompqkqm omimoummmuu ihinzmmuqu mon~imkmikhpnlqzq> pq 0 lq ~mu hnlqkom om skmpnz pq nmuzurmkqm omimoummmuu ikhpnomuqu okqlonm/ pmkuom~mu qpulmmkqlnklq pq okqtmqkq rmkm m lq miqzm zmuoqlmumuu )mliqomihrumuo,> 0 n mzmmliqomqlmq moqzm omskmpnz pq omzhkuruomkq mZr l0m ~qmunm zmn uoqz kupuomm 4 lmhonku kqpnlq 34 u~hnuzurmku q 3 p zuotupummmu kqpnlq1
Bo
0aZ .
nnq=
433 Q C<< Lmomhkuu urznqmm muomrmkuzhk khikuu )ourkqupq mrmoqku, pq i lnm nk~mmhkuu= 41 omrmkuzq mhmmzq )iq mh mmq lqs~qmqzq,
GM?QV
fQlZ
34 @G 3 V1 fQlZ
B )oR /
?Y,h
alY
51 pqmuq
fQSjalSjuTo
433
4
0)aZ(/aZ ,
3
zzz2> To. 11
lalc
h)a
4
lV
0H 4,B445831)5/34;804/<7;PB l C<<
.:/<6458
22
Uk km1 41 51 61 71 81 91 cmhruuku cmhrmku mhmmzq ]qs~qmq ikhikuu cv )~uu zqu, pq iumruu cXv )~uu zqu,
304 3 304 3
8Y
Hhmm pq iumruu ~hpuru0 ommuu 3/483 3/7:3 3/39; 3/:53 3873 4/<7;
9 5 6 7 8
48 73 43 ;3 83 4<8
4758 4/53 4/56 7538 4/58 4/63 ;83 3/<3 4/7: 78:8 4/:: 4/97 4<8 64/58 67/94 44583 4/<39 5/35
[JgVScE[J= j<K B ohmm pq iummm/ mkqmkmmm o ommkqikqrumm mhmmznziqmkn ruqomkqruk~m iq ruqomkqlqs~qm )rhm, u mhmmznzomrmkuzhkiq rhm2lqs~qmnz kqliqomuo1 HK B lmknomnkm omrmkuzhkiq iummm/ mkqmkmmm o ommkqikqrumm mhmmznzomrmkuzhk iq ruqomkqlqs~qm u mhmmznzomrmkuzhkpq pq iq iummm1 VVoZ B olV / olY B 55:/8 04<8 B .65/8 ~uz1zqu/pu omkqiq rmomhkupq urznqmm= 0 urznqmm ~hpuruomkuu omrmkuzhkhmmzqpq iq iummm= m VVoZ` B)t /oY,.alY B)44583043543,14/<39 B .4<;557 433 (
HVUHSbgOO= ahmu rmomhkuu mnmonm 3 urznqmm ihrumuommlnikm~hpuruomkuu omrmkuzhkikhikuu ,?Q./ kqliqomuo m ourkqupq mrmoqku1 qm~mu H ~mkq urznqmm mmonm0h okqtmqkqmomrmku43k hmmzq)c, pmmhkmmq m lihkukuuoqkqkuulhzomnuzq mohln~mmhkuzhk kqliqomuonznuikhpnl1 ==BCruk~m minmnm lm0tu kqmlom o omrmkuzq ikhikuu ,?Q.1 Iu mmzurm ~mu kqrnzmm omruk~m tu0m ummkumihrumumiq iummm iku okqtmqkqm ohmqu ikhikuu/ qpoqimuq ruuomprhm 7/ pmk iq moqlm lqs~qm mn lomrnm omrmkuzhk mhmmzq/ pqou qkm pq mtmqimmm lm lompm tu omrmkuzq ikhikuu ,?Q.1
Uk1 Hkm1 41
Ohpuommhku
?2;2
XkhpnorumqpqkourunznumO
Tuuzqu
436/8:
51
Hhl~nku
qn ~mmqkumzq4q 9
Tuu zqu
7:5/8
71;3
434/8<
61
Un~uuknz ~qpun pq lmzmkummu i] Lhpn4 mhmmzpq mu~i pq ~nom n Uk ~qpun pq hkq pq z44nom iq
Xqklhmq
958
943
<:/93
~uz1zqu 0 urznqmm~hpumuomkuu lmknomnkuu= VVoZHC Bt 1)aZ(/alY, B 445831)4/<7;04/<39,B ~uz1zqu 0 urznqmm~hpuruomkuu ohmqu pq iummm=
71
Vkq0h~
416:31333
416831;33
<;/8;
.7/:68
81
n lmzmkumm ,QcN. U
Vkq
514<5/65
51547/76
434/34
Xkhpnomuoummmqm ~qpuq 91
1
2(00mxRR. TnV()foRV/pRj,(rY
Squ2hkm Squ2z Pqn mO Tuuzqu 843/<7; 869/:4< 438/39
T;0>C30333)C>I.J;O/C;3.OAN,/3.>=CT
hkmkmpR cmPhmkq~qpuq mpmnsmmuu Pm4 zqn ikhpnqmuq c );= O, cmzhmkqm mpmnsmmm )405, mx
:1
ikhpnomuq= 2,0mx B mO
c
K
%)LH /\Y,T
:58)3/6803/658,B
.</7
~uu zqu/
;1
55:/8
578
43:/9<
<1
cmzhmkqm ~qpuq mpmnsmmm zmP Squ24 zqn zqn ikhpnomum qpqkoumunPnu mO kqomzonPmmm. c kqomzonzmmm
3/68
~uu um
[JgVScE[J= t=tnt= tt omzonz omkqlmmzmnmrm mmzurqu nk~mmhmkqm= qlmq 2,0mx B mxu / mxY 33 578 0 55:8/ 0 . 4: /NMM 119 2 8 0 qz Hkqtmqkqm Zm on 4: (8 ~11 zqO lq pmmhkqmrmOrznqmqz( 1 tm (z1o=( nk~ mh hk zmomh= 41urznqmm qohznmuquikhpnomuqu qpqkoumunznu= 2,0mxmO 33 )mOt / mOY,( rY 3 ):58 0:33,v3/658 3 .; 4 114 1 pu omkq= 2D222232232 ~ qO/ 4141urznqmmrhpnznu mhmmzpq mu~i pq ~n t1 33 ,S1C om1 4 nY .10 vfhBB)416831;330416:31333,1843/<7;v3/658BB dth 06/5 ~uu zqu/pu omkq= 41t 4t urztmm qohznmuqun~mkn4nu ~qpun pq lmzmkummu(
0 , >H 1
5151 urznqmm omzhkuu~qpuu mpmnsmmqzm 4 zqn ikhpnom kqomzonzmmmqpqkoumunznu m 2,0mxc B mOK [ )3/66; 0 3/68, B 0;/: ~uu zqu amnzhnz luhimuo mzurznqmqzhk= 2,0mx B . 4:/8 ~uu zqu/pu omkq= 2,0mO 33 ;/4 ~uu zqu/pu omkq= :.1> B 0 6/5 ~uu zqu/pu omkq= 2(00i.] B 0 8/7 ~uu zqu> 2,0^ B . 5/5 ~uu zqu> 2,0aR B . 44/6 ~uu zqu> 2,1qB .</7 ~uu zqu/pu omkq= 2,1s B . 4;/4 ~uu zqu> 2,0c(B 0 ;/: ~uu zqu1
2(00mx [ >
33
mx:T
i]Y
,vsh 1@I;) rY
33
0)^/^,0QR/ I;)APee
>=
943 h=0=;A.A>/=0;O=.>=,0C;3OAN03>=C/ )
HVUHSbgOO= O umqkomznzpq mmzurm/ omzhmkqm mpmnsmNu mmonm 3 qohznmuq ihrumuom )m okqlonm on :/9<'/ kqliqomuo on 4:/8 ~uu zqu,/ pmmhkumm/ ikumkq mzmqzq/ okqtmqkuu ~mu kmiupq m ikhpnomuqu qpqkoumunznu )on 6/8:', rmmm pq kum~nz pq okqtmqkq mz otqzmnuqzuzhkon ~mmqkumzqzq4/8<',1 )
Xkhpnomum qpqkoumunznu qlmq n rmomhk qpmqluo omkq m pqmqk~umm okqtmqkqm omzhkuumpmnsmmqon ;/4 ~uu zqu pmmhkumm urznqmqu nk~mmhkuzhk rmomhku= okqtmqkqm ikhpnomuoummmuu ~qpuu hkmkq/ om nk~mkq m u~nnmmmmukuu~hpnznu pq nmuzurmkqm rmomhknznu ~nom pu ompknzruk~qu/ msqqkmm okqtmqkqmomzhkuu mpmnsmmq 44/6 ~uu on zqu> rhpnz mhmmz pq mu~i pq ~m~om m pqmqk~umm kqpnoqkqm omzhkuu mpmnsmmq 6/5 ~uu zqu/moqlmqrqom pmmhzpn0lq iq pq 3 on imkmq kqpnoqkuun~mknznu pq lmzmkummu on 5/7'/ oqqmoq n )i], kqikqrumm qmimkmmn mliqom qsmmuo/ umk iq pq mzmmimkmq qpulmqmqu nhk kqrqkoq pq mu~i pq znokn qnmuzurmmq)kqpnoqkqm i] qlmq ~mu ~mkq pqommkum~nz kqpnoqkuu n on 4/75'/ pu omnrm nhk pulrnomuhmzummmu hksmurmkqmmomuoummmuu u ikhpnomuoq, omkq ohlmumnuq n mommmv iqmkn ruk~m pqhmkqoq u ouumhk lq ihmmq okqtmq omzhmkqm mpmnsmmm/ iku qrhkmnz ikhikun/ rmkmm lq miqzm zmqrhkmnku rumoumkq lnizu~qmmkq1 Immhkumm okqtmqkuu ihpqkuu ikhpnlqzhk omkq mlusnkm kqmzurmkqm nqu omzhkumpmnsmmq zm4 zqn ikhpnomum qpqkoumunznu ~mu ~mkq pqomm ~qpum/ lq ohlmmmm om omzhmkqm mpmnsmmm m okqlonm on 4;/4 ~uu zqu1 Elmrqz/ omzhmkqm ~qpuq mpmnsmmm zqn zm4 mO mpqmqk~umm okqtmqkqmmx on </7 ~uu zqu/otumkpmom omzhmkqm ~qpuq mpmnsmmm kqomzonzmmm urznqmmm qsmmuo qohznmummx. m pqmqk~ump kqpnoqkqmmoqlmqum ;/: ~uu zqu1 on Xqmkn momuoum m pq iqkliqomuom/ lq kqoh~mpm om u mmq ompknzruk~qu lmlq umnk~mmhmkqzq~mlnku/ omkqlmmunm omqrqom okqtmqkqmomzhkuu pmnsmmq m ,=D.c m1 kqmzurmkqm nhk uoqlmumuu u oqpqkqm ~hpqkurmkuu tu umkhpnoqkuumqthzhsuuzhk iqkrhk~mmq u ikhoqlnz pq ikhpnomuq/ ikqon~ tu okqtmqkqm uoqznznu pq ikqsmmukq tu liqoumzurmkq m msmvmmuzhk/ oqpqkqmokqtmqkuu u ikhpnomuoummmuu qpuu> ~
n1 okqtmqkqm pulouizuquu ompknz hksmurmmuquu oqpqkqm kqpnoqkuu iqkuhmpqzhku omkq n lq znokqmrm/ lmrqzuomm lm lq m u~nnmmmmqmlom ~hpnz pq nmuzurmkq mmu~inznu pq ~nom> o1 itkrqomuhmkqm~hpnznu pq hksmurmkq tu pqlrmtnkmkqm ikhoqlnznu pq ikhpnomuq> p1 pqrohzmmkqm pqimkmm~qmnznu pq oqkoqmmkq tu pqlrmtnkmkqm nhk momuoummmu liqouruoqon lohinz okqtmqkuuomzummmuu ikhpnlqzhk> q1 u~nnmmmmukqm momuoummmuu ~mkxqmus> pq E2 kqpnoqkqm ohln~nkuzhk liqouruoq> s1 okqtmqkqmomzummmuu ~mmqkuuzhkiku~q tum~mmqkumzqzhk> t1 okqtmqkqmskmpnznupq nmuzurmkq mrmomhkuzhkpq ikhpnomuq> G2 okqtmqkqm skmpnznu pq qpizhmmmkq m omimoummmuzhk pq ikhpnomuq qmo1 aq~m 4171 Emzurm kqmzurmkuu ikhskm~nznu pq rmnkuommuq iq mhmmztuiq lhkmu~qmq
Xkhpnomum Enmmqku kqomzonzmmm GK qsmmuoq u zu~umm (%) tji ikqoqpqkuzhk )~uu zqu, )~uu zqu,
]mknomnkm ikhpnomuqu
(%)
Xkqomrn [qmzurmm m 66/:3 57/93 53/:3 54/33 433/33 64/33 55/53 55/83 57/63 433/33
f[Vu
Sj~uXh
<4/99 <3/33 43;17: 448/33 <</98 053 04:/8 51533 418:8 417:8 41833 91:83
f[YV
41 Xkhpnlnz E 51733 51 Xkhpnlnz F 41:83 61 Xkhpnlnz H 417:8 41833 71 XkhpnlnzI 81 aVaES :1458 5533 418:8 41933 41:58 :1433
0 0
06:/8
Tf[fS[ 4335
>0 e. B 40 B 4040 6:84 B 40 3/386 B 3/<7: ( =Q[YlY J0;=C 4)tB 3/<7: lmn<7/:' Hhqruouqmnzpq h~qozmmnkm ,7X,Q X I e T;//T;//T;/3CT3C O i 7 ( / 7X B 3/8 lmn83'
=Q";/0[ZV
E F H I
Enmmqku Xkhpnomum qsmmuoq kqomzonzmmm ]mknomnkm u Ou~umm ikhpnomuqu (%) 401ji (%) )~uu zqu, ikqoqpqkuzhk )~uu zqu, Xkqomrn [qmzurmm Xkqomrn [qmzurmm m m 1 4;3 4<5/8 439/< 4;3 58/: 59/; 453/; 453 4:/4 53/5 453 478 0 ;</; 058/8 557/8 583 557/8 68/: 64/5 54/; 483 54/8 ISO 48:/8 438/3 058/8 9:7/8 433/3 433/3 :33 :4</8 435/; cmzhmkqm ikhpnomuqu 1)~uu zqu, uK
HVUHSbgOO= Inim on~ lq ihmmq ohlmmmm/ ikhskm~nz ikqomrnm m rhlm kqmzurmmphmk O ikhihkmuq pq <</98'1 Iq mlq~qqm/ e] T <7/:'/ pqou ~mu ~uo pqpum 433/ rmim omkq mkmmm uomimoummmqm lhouqmmmuuh~qkoumzqpq m0tu hkm oh~qruzq/ qqz inmu zmphnm o h lhkmu~qmq ,7X B 3/8,/ kqliqomuo zmikhpnlqzq E tu F1 Iqou/ lhouqmmmqmoh~qkoumNuihmmq iuqkpq ohmq u~ihkmmmq pq iummm pmom n0tu kqhksmurqmrm momuoummmqm O lohinz okqtmqkuu qruouqmqutumohzn~nznu pq ikhpnlq kqmzurmmq1 Xqmkn iqkuhmpm nk~mmhmkq lq kqoh~mpm znmkqm nhk ~mlnku ikuoup ohlmumnukqm nhk lmhonku pq ikhpnlq iku omkq lhouqmmmqmlm ihmmm rmoq rmmm rznomnmmuuzhkoqkqkuu/ pmmhkmmq lqrhmzummmuu/ ~hpuruomkuu ikqmnkuzhk lmnmzmhkommqshkuupq omnrq1
B 9:7/8 B 3 <97
:33 (
51 7 B 68/: v;</; . 58/: . 4:/4 . 54/8 B 3/654 . 3/976 B 3/<97 ] 4332 433 > e
i ]
0
07/8
1
Hhrhk~ omzonzq43k qrqomnmmq/ u ompknz lhouqmmmuu oh~qkoumzqlq ukqsulmkqmrmnk~mmhmkqmlumnmmuq= Rl B 3/<97 )<9/7',/ pqouRl 2 4 Rlm B 3/<88 )<8/8',/ pqouRlm 2 4 R B 3/:8 ):8',/ pqouR 2 4 HVUHSbgOO= Xkhskm~nz pq ikhpnomuq n mrhlm kqmzurmm iqmkn 58' pumkq lhkmu~qmq/ pmk mrhlm pqimtummmmmiq mhmmz/ omm tuiqmkn kqlmnz pq :8' pumkq lhkmu~qmqzq kqmzurmmq1 Sm ikhpnlnz H/ ohzn~nz kqmzurmm ikhpnlq qlmq ~mu ~uo pq pqomm oqz ikqomrnm/ oqqm oq mkmmm qpulmm ihlunuzummmqm om om iqmkn moqlmikhpnl/ oh~qruzq lmn ihmmmru hhkmmq1 Xqmkn iqkuhmpmnk~mmhmkq/ lq kqoh~mpm u~nnmmmmukqm ~hpnznu pq hksmurmkq m momuoummmuu/ ikqon~ tu okqtmqkqm qruouqmquikhskm~nznu pq rmnkuommuq ikhpnlnznu H/ u liqoumz m pmomqpulmm mqpumm pq ~qmuqkq/ lmn pq okqtmqkq m oqkqkuu iqmkn moqlmikhpnl1
07/8
Xq nmrm pmmqzhk pu mmnqznz ikqoqpqm nqmrm lm lq pqmqk~uq ohqruouqmnz~qpun pq lmknomnkm )e]bQ e' B4330 OOSiszB43307/8B<8/8' )3/<88,/ lmn
Vnlqkommuu= 41cmzhmkqm ikhpnjuqu kqomzonzmmq= 58 0ikhpnlnzE= :4</8p /: B4;7<~uuzqu( 433 ( / 0ikhpnlnz F= :4</8 p 4:/4 B 456~uu zqu( 433 ( 0ikhpnlnz H= :4</8 p 68/: B 589 <~uu zqu( 433 ( / 0ikhpnlnz I= :4</8 p 54/8 B 487: ~uu zqu 433 ( 1 51 cmzhmkqm ikhpnomuqu qpqonmmmq u ohmnz lmknomnkuu ikqomrnmq iqmkn ruqomkq ikhpnl lq pqmqk~um om ~~z~n~ pumkq omzhmkqm ikhpnjuqu kqomzonzmmqtu omzhmkqm ikhpnomuqu kqmzurmmq1 (
Hmmummmu ]mknomkm ikhpnomuqu Xkqm Hhqruou0 qotuomzqmq )~uuzqu, qotuomzqmq )!, nummk qm )zquzzzbo1,pq kmmm mhmmznz pq hkhpnomuqu)!H qotuom0 zqmm Xkq0 [qm0 Xkq0 [qm0 Xkqom0 [qm0 Xkqom0 [qm0 )xq, rnm zurmm rnm zurmm omrnm zurmm omrnm zurmm 41 Hmzumm091333 4<1433 63/5 4 66/; 53 4/3 491333 4<1433 63/5 66/; mqmz 57/7 51 Hmzumm0<1333 4:1583 68/; 4 j81533 461;33 5;/: 63/9 48 3/; mqm mOO0m ]mknomnkm s
j;1333 531j58 61 Hmzumm0 67/3 68/9 ; 3/9 j31;33 4513:8 53/7 54/7
mqm mOOO0m
71 aVaE 861333 8917:8 433/3 433/3
751333 771<:8
9
433 )',
41n, L
B fQSUS
Hmmummmqm qotuomzqmm3 axX^S^x^Ox )[, e aYOPSSOX^_V NO ORS`xVOX"x )xq, ]mknomnkm ikhpnomuqu qotuomzqmq B axX^S^x^Ox 0ORS`xVOX^x p 433 )', nY^xVh xX^S^x^O 0Z\YN_^SO 0PSdSx Vnlqkommuq= ]mknomnkm ikhpnomuqu qotuomzqmq n lq omzonzqmrm kmihkm u on mhmmznzommummmuuotuomzqmq/ ou u kmihkm on mhmmznzommummmuu q ikqom1rnmq )861333 nno1,/ kqliqomuo kqmzurmmq )8917:8 nno1,1 [JgVScE[J= E1 Epgilelgouvmngflv z1m, f U
L
4
B 66/;p4.63/9p5.68/9p6 433
UY ;/ B 0p433
U
LC
/
51m,U
'([ U
[S
>0%
B 751333 03/:<5 861333
U
fg edmludug .c ,L
B 491333p4.4<1333pV/;.4;1333pV/9 h 861333
g.U.
[S
L
4
B 4<1433p 4. 4:1583 p 3/; . 531458 p 3/9 B 771<:8 0 3/:<9 8917:8 8917:8 ;/ B O> U UY
A
UY B 491333p 4. LM
4<1333p 5. 4;1333 p 6 B 43;1333 B 536; 861333 861333 ( B 4461<:8 B 534; 8917:8 ( lmn 4/33<<
Iqou/ UV 4 UY. oqqmoq upuom3 lumnmmuqrmohkmnuzm iqmkn ruk~m/ lq~uruomp u~nnmmmmukqm omzummmuu ikhpnlqzhk kqmzurmmq1 51n, ~hpnz pq znokn qlmq upqmuo qn qqz pq zminomnz 41n,/ phmk qmu zho pq xH lq znokqmrm xqu1 qn D. 41 / Uslo lougsngflvm rsguvmvlfg zdoDdsg
Qe00
UM 2 U 3/ pqou upuoqzqohqruouqmnznu~qpun pq omzummmqq l mikhiuq pq 4 )z/33<<,/ oqqm oq upuom 3 lumnmmuqrmohkmnuNu iqmkn uOk~m/lq~urupup u~nnmmmmukqmomzummmuu ikhpnlqzhk kqmzurmmq1
f[RlS
f[S
4<1433.4:/583.531458
8917:8(
5/ Hhqruouqmnz~qpun sqqkmzurmmmzomzummmuu= e
311
H
fQ.US
oZB
<Y B
<
CQ/CaXT
47/465 p433B433/7'
lmn 4/337
C<<
5 0 vfQSlS 1 < 0 433 0 l63/5p53.68/;pO8.67/Vp; lY / 433 41746 B47463 zqu 433( 4174</; 047/4<; zqu 433 B433 7' ( lmn 4337 /
Xqmkn omzonzmkqm moqlmnuohqruouqm lq muq ohm pq rmimnz omu ompknz ruk~qu lq kqmzurqmrm ikhpnlq )E/ F tu H,/ umk mkqu iqmkn ruqomkqpumkq moqlmqmlq kqmzurqmrm ikhpnlq pq omzummmqm O/m OO m tum OOO m1Xqmkn oqzq mkqu ikhpnlq lq omzonzqmrm 0 0 ohqruouqmnz ~qpun pq omzummmqU. B f[SUS
<o B 66/;p53.63/9p48.68/9p;
433
<9 o Btp 0
l
f[.
tu ihpqkqm u
433
lY
mhmmznzikhpnomuqu1 Xkqlninq~ om iqmkn ikhpnlnz E l0m omzonzmm mqkuhk m ohqruouqmnz ~qpun pq omzummmq/kqliqomuo
L1A3 B 5/36;
tu
~qpun pq omrmkq m nnnkuzhk/ pqou okqtmqkqm kqrnzmmmqzhk tu/ u~izuoum/mikhrumnznu1 E. EdsdeugslDdsgd edmludull rspfvtgmps O/ Xhpqkqm ikhpnlqzhk pq omzummmqlniqkuhmkm )c(, mhmmznzikhpnlqzhk rmnkuommq )c,= t( l 4<1433p 53 00000 3/7:98 lmn7:/98' t ;341:83 ox( ox
?)
l3
US
Xkqouurnm [qmzurmm[qomzonzmm
Q'UM; 433
3/9<6 3/947 3/966 4/<73
41 5/
Xkhpnlnz
5; 63 75 433
67 65 67 433
A
Xkhpnlnz F Xkhpnlnz H
l4
61 71
?Y
TOTAL
urznq!m~hpuruomkuu lmknomnkuuikhpnjuqu= 'Q0tU.Y 'Q(jUSj G(7H 3 S11P S11P 3 4<7 04<5< 3 .3344 s 433 433 % / n, urznq!m ~hpuruomkuuohqruouqmnznu ~qpun pq omzummmq ikhpnl= iq
o o
m,
61 71
22 22 ]q ohk qrqomnm mmzurm pum~uozzmomzozmm!z4 ikhpno!Oq pq tu oh~qkoumzurmkqiq nmrm upuommhkuzhk omzhkuoutu mmzurm kmihkmnznulmmmuotupum~uoumkq upuommhkuumzhkuou1 o 51 ]m lq kqmzurqrqmmzurm pum~uouutumlmknomnkuu ourkqupq mrmoqku/ nmrm iq nk~mmhmkqzhk pmmq=
7;3 534/9
7;8/4 543/:
7;</5 547/<
vTfQSVUSVvfQSVUSj T;O>=/;OAT/333N FL 433 433 ( / / 3/344 0 3/33; B .3/336 HVUHSbgOO= Iu qohzn!um eQ kqrnzmm om omzhmkqm ohqruouqmnznu sqqkmzurmm m okqlonm on 3/336/ oqqm oq upuom 3 lumnm!uq qrmohkmnu4m/ omnk~mkq mkqpnoqkuuomzumm!uu ikhpnlqzhk1 ]mknomnkm ikhpnjuqu m urznqmmm qsmmuo qohzn!um ohqruouqmnznu sqqkmzurmm/ sqqzp okqtmqkqm moqlmnum on 3/344/ mliqomqsmmuo1 Hhqruouqmnz ~qpun pq omzummmq pqmqk~umm kqpnoqkqm m ohqruouqmnznu sqqkmzurmm on 3/33;/ mliqom ihrumuo pmmhkmm okqtmqkuuihpqkuu ikhpnlqzhk pq omzummmqniqkuhmkm)ihpqkqm l ikhpnlnznu E mokqlonm pq zm5;' zm67'/ umkmikhpnlnznu F pq zm63' zm65',1 T
Uk1 okm1 92 51 61 71 81
]iqouruommuq
cqumnku pu momuoummmqm pq nmrm cqumnku pu mzmqmomuoumm!u/ pu omkq= cqumnku pu momuoumm!u upnlmkumzqtuoh~qkoumzq cqumnku pu kqlmuukulqkououu aVaES cJUOab[O
41 ]m lq qrqomnqrq mmzurm lumnm!uquqqkmzq mmomuoumm!uu s pq ikhpno!uq tu oh~qkoumzurmkq/iq nmrm upuommhkuzhkomzhkuou/ nmuzurmppmmqzqpu mmnqznznk~mmhk=
Hurkmpq mrmoqku ,jD. Un~mk ~qpun pq lmzmkummu )U, Xkhpnomum~mkrm rmnkuommm )mP, cmzhmkqm~qpuq mmomuoqzhkrupq )gP, cmzhmkqm~qpuq mmomuoqzhkrupq ikhpnomuoq )gP(,
Uk1 okm1 92 51
71 81
71 ]m lq qrqqmnqrq mmzurmohznmuququrkqupq mrmqqkummhkumm q p khpuruqmkuummummmuu q ompnmq tumiktmnznu/ qnhlqmp pmmqzqpu mmnqznz nkkmmhk=
Uk1 okm1 Iqn~ukqm ikhpnlnznu b1T1 Hmmummmqm Xkqrnz nummk )zqu,
51 61 71 81
5: 66 66 464
58 5; 78 46;
RP
Ro
<P
<o
41 51 61 71 81 91
63 ; 45
VNP
73 43 44
QNo
58 653
59/8 633
;1 bmuzurmp pmmqzq pu mmnqznz nkkmmhk/ lm lq kqmzurqrq mmzurm qurkqupq mrmqqku mqmuoummmqm nmrmu qhkqzmmuqqn pu pq qmimqummmqm ikhpnqmuq tuqqkqkqmiuqmqu/pu inqmnz pq oqpqkq pq mzrmqmhkuzhkumq~u=
Opuommhku )~uz1 zqu, Xqkuhmpqzq ikqoqpqmq Enz > Enz 5 48/9 46/59 45/:<9 4:/85; Enz 6 49/7 47/5 46/<;; 48/96 Xqkuhmpmonkqmm Tqpum Xkqom0 mnmz rnm m 49/9 49 46/75 46/73; 49/<9 48/5:5 48/5:5 481837 [qmzu0 rmm 49/93; 47/<7 47/:49 48/74
Hhln~nku qn ~mmqkumzqzq Tuu zqu ,9. Un~mknz ~qpun pq lmzmkum!u Xqklhm )i], q Lhpnz mhmmzpq mu~i pq Vkq0h~ ~nqm)
Uk1 okm1
41
51
91 ]m lq qrqqmnqrq mmzurm kqmzurmkuu khskmknznu pq i rmnkuqmmuq mhmmztuiq lhkmukqmq/ ikqqnk tummzurm iq lmknqmnkuu ikhpnqmuqu/nmuzurmppmmqzqpu mmnqznznk~mmhk=
61 71
49 Hmimqummmqm pq ikhpnqmuq Zi Xkhpnqmumrmnkuqmmm 45/; Zr 46/77 Humkmpq mrmqqku Hm Hqkqkqm qlmu~mmmzm 4:/:6 uqqinmnz umqkomznznuHq
Uk1 okm1 41
<1Xq nmrmpmmqzhkpu mmnqznznkkmmhk lmlq mmzurqrq ourkm m= pq mrmqqku qhkqzmmuq qhmmszhnmzm iumm u qn pq
Uk okm1
]qs~qmq pq iummuu
1. 2. 3. 4. 5. 6.
1 2 3 4 5
nOWx I2I2 XXxVSdx ROV^_SOVSVY\ NO ObZVYx^x\O 515141 Emzurm kmmqu pq qruouqmm m otqzmnuq4uzhk pq qpizhmmmkq 515151 Emzurmrmomhkumzm otqzmnuqzuzhkzm41333 pq zquourkm m pq mrmoqku nOWx I2[2 XXxVSdx OPSSOXPOS ROV^_SOVSVY\ `x\SxzSVO fS x ROV^_SOVSVY\ PSbO 516141 Emzurm pumkuouu tu m lmknomnkuu otqzmnuqzuzhk omkumnuzq 516151Emzurm pumshlmuo pq mui rmomhkumzm otqzmnuqzuzhk omkumnuzq zm41333 pq zquoqumnku 516161 Emzurm qruouqmqu otqzmnuqzuzhk rupq 0 mmzurm pumkuom/lmknomnkmzm turmomhkumzm otqzmnuqzuzhkrupq zm41333 m pq zquourkmpq mrmoqku nOWx I2]2 XXxVSdx ROV^_SOVSVY\ Wx^O\SxVO 517141Emzurmpumkuouu otqzmnuqzuzhkkmmqkumzq zm41333 pq zquoqumnku pu qpizhmmmkq 517151Emzurmrmomhkumz otq4mnuqzuzhkkmmqkumzq mm zm41333 pq zquourkmpq mrmoqku nOWx I2/2XXxVSdx ROV^_SOVSVY\ _ ]xVx\SSVO 518141 Emzurm qruouqmquotqzmnuqzuzhklmzmkumzq 518151 Emzurm ohkq4mmuqupumkq pumkuomikhpnomuoummmuu knouu uDu pumkuom lmzmkunznu kqpun
rPW [<]< aXVTb NY]^_\TVY\ ZP Z\YO_]P 408030Ctfrokf iotfsojoo. toijrhrho lo f ~zhjhzooju~hrho vzuih~jruz 408040 Ctfrokf vzotjovfrjruz jfjmuzoo ij hnjrhojro 408050 Ctfrokf ju~hrho vzuih~jruz jusvfzfgorj 408060 Ctfrokf ju~hrho sfzmotfr
.1(
360 370 380
Enjrhojro ij jjvruffzj Enjrhojro lotfthofzj Enj3hojro jjhjvoutf3j XRXCN EJHNXZLHNX [jtohzo iot jjv32ffzj [jtohzo lotfthofzj [jtohzo jjhjvoutfrj XRXCN [HPLXZUL [jtohzo iot jjvruffzj -). [jtohzo lotfthofzj -). [jtohzo jjhjvoutfrj -). XRXCN [HPLXZUL -). Uff ij jlohojtf f hnjrhojroruz ij jjv3ulfzj )rjo, Uff ij jlohojtf f hnjrhojro32z lotfthofzj )rjo, Uff ij jlohojtf f hnjrhojroruz jjhjvoutf3j )rjo, Uff ij jlohojtf f hnjrh ojroruz ufrj )rjo,
Szjifkh 4:7 4507 34.7 543 54:.7 47 36 589.7 :;.6 8.: 5.: 322.2 :89.7: ;62.2 :;4.:8 :95.69
Ujfrokf 4;4.7 45 34 549.7 553 46.7 35.: 58;.5 :;.8 8.8 5.: 322.2 ::5.8; ;5:.9: :8;.89 ::8.:3
hnjrhojroruz ufrj
dRTNT
-I>>>.
oPT A
322
)~j rhjzjfkf
jh ifjrj
iot vjzoufif
lUh
A ::.8:3/:9.569
A -35.563jo
[frufzjf hnjrhojroruz ufrj rf 30222 ij rjo ijtohzo ufrj f hzj~hh hh 35.56 rjo iot hfhkf hzsfufzjruz otlrhjtj< otlrhjtf suiolohfzoo ~zhhhzoo jtohzoruz< i
l )30222, (%( )3222,
(XQ?
JX/L0
A 9a:LO8lTl
322
e :95.69 /
A :95.54/:95.69
~hfkh ij rf 303:;.3; URP ot vjzoufif vzjhjijtf rf ;5:.9: rjo ot vjzoufif hhzjtf= q hnjrhojrorj jjhjvoutfrj fh fih 2 otlrhjtf tjlflif. f~ljr ho0o jlohojtf fhj~uzf ~/f zjih~. ofz ifrufzjf hnjrsjnruz jjhjvoutfrj rf (30222ij rjo. ijtohzo iot jjvruffzj f hzj~hh ij rf :55.55 rjo rf :8;.79 rjo ot vzjkjt0 0 0 Hljhhr suiolohfzoo zfjo ij jlohojtf f hnjrsjnruz ufrj< - A 58;0522 o35.56 A /6.;48 soo rjo 30222 0 Ezjljzjf hh 35.56 rjo f hnjrhojroruz lfrj rl 0RR0RC ij0 rjL (ht.0 f ijjzsotf zjihhjzjf zjkhrfhrs jjjzELsrs 0 l sfsj ijtr ij osvukofzj hh hozhf 6.;48 soo rjo. hjjf hj zjvzjksf ht f~vjh tjmfoi0 Sjtzh vjzoufif hzsfufzj ~j zjhusftil zjihljzjl hnjrhojroruz vj gfkf zj~vjhfzoo hzojzolrs 0jlolrltjr jhutusohj. zjfrokfti vzuih~jrj hh hut~hsht sfr srEL ij sfjzoo vzosj. sfjzofrj. luzf ij shthf.0 jh0 Fl f~jsjtjf. ~j osvhtj osghtffozjf suihrho ij Rr<mfskfzj lL ij~lflhzfzj f fhoiofoo.hXjljzjf io~hovrotjo vzoir.ti zj~vjhfljf hrfhkjrBz hutzfhhfrj. f jzsjtjruz ij vrff. lLf vzjijijtruz rjmfrj. s ijijzjf zjihhjzoo vjtfrokfzoruz0 0d,o 0o
N<III
P^/ P^Y
e=o
jr)j)ruuRp
zz
/
322
A ::8.:3/
:95.54 A
- 35.6; rjo /2.37 - 35.6; A - 35.56 rjo ERPENZbLL< Eutluzs zjkhrfjruz 2 gothj. ~j hut~ff hf hzjljzjf hnjrhojroruz ufrj rf 30 222 ij rjo ijtohzo ~j ifuzjfkf ot jjhrh~oiofj suiolohfzoo hnjrhojroruz rf 30222 ij rjo ijtohzo. vj ovhzoij fhoiofo)hfzj f mjtjzf 2 hzjljzj hh 35.6; rjo,0 Hiurhof ~zhhhzoo ijtohzoruz f otlrhjtf vukooi suiolohfzjf zfjo ij jlohojtf f hnjrhojroruz. ijufzjhj f ijjzsotf zjihhjzjf fhj~uzf hh 2.37 rjo0 q Ffhf ~j ftfrokjfkf jiurhof hnjrhojroruz rf 30222 ij rjo ijtohzo. vj ovhzoij fhoiofo.~j hut~ff hzsfufzjrj f~vjhj< q hjf sfo sfzj otlrhjtf f~hvzf jiurhojo tjmfoij f zfjo ij jlohojtf f hnjrhojroruz fh fih/u hnjrhojrorj ij jjvruffzj. hfzj ijot hjf sfo sfzj vutijzj ot ufrhr hnjrhojroruz lo hfzj fh hzj~hh ij rf :99.3; rjo ot vjzoufif vzjhjijtf. rf ::5.8; rjo ot vjzoufif hhzjtf= jiurhoj vukooif ~/f otzjmo~zfot hfkhr hnjrhojroruz ij jjvruffzj rf 30222 ij rjo ijtohzo iot jjvruffzj. hfzj fh
q 2
360
370 380
[jtohzo iot jjvruffzj fljzjtj uzuihhojo iftihj )', [jtohzo iot jjvruffzj fljzjtj vzuihhojo ~uhfj )', [jtohzo iot jjvruffzj fljzjtj vzuihhojo osugorokfj )',
6 Sjzoufif
vzjhjijt f )t/3 ,
Sjzoufif
hhzjtf
)t,
UHbRN[CUH< Ouiolohfzjf zfjo ij jlohojtf f hnjrhojroruz ij jjvruffzj )hnjrhojro ij jjvruffzj rf 30222 ij rjo ijtohzo iot jjvruffzj ,<
'
30 40 50 60 70 80 90 :0 ;0 320
330
340
350
[jtohzo ufrj iot fhoiofjf ij jjuruffzj [jtohzo iot jjvruffzj fljzjtj uzuihhojo iftihj [jtohzo iot jjvruffzj fljzjtj vzuihhojo ~uhfj [jtohzo iot jjvruffzj fljzjtj vzuihhojo osugorokfj Enjrhojro u frj ij jarrruffzj Enjrhojro ij jjvruffzj fljzjtj uzuihhojo iftihj Enjrhojro ij jjvruffzj fljzjtj vzuihhojo ~uhfj Enjrhojro ij jjvruffzj fljzjtj vzuihhojo osugorokfj Enjrhojro ufrj ij jjvruffzj rf 30222 ij rjo ijtohzo )rjo, Enjrhojro ij jjvruffzj fljzjtj vzuihhojo iftihj rf 30222 ij rjo ijtohzo )rjo, Enjrhojro ij jjvruffzj fljzjtj vzuihhojo ~uhfj rf 30222 ij rjo ijtohzo )rjo, Enjrhojro ij jjvruffzj fljzjtj vzuihhojo osugorokfj rf 30222 ij rjo ijtohzo )rjo, [jtohzo ufrj iot fhoiofjf ij jjuruffzj -).
4:9.7 47:.97 37.:347 34.;597 455.97 427 37.:347 34.;597 :35.26 9;4.49
Szjifkh 564 536.86 7.35 44.45 495.473 469.293 7.35 43.27 9;:.;: 9:7.47
Ujfrokf 584.7 562.97 ;.2847 34.8:97 4;3.335 48;.585 ;.2847 34.8:97 :25.29 9;2.7
dR3NPU
:::
,=;;;-
?
NP
eE8E.
N<III
\,glllPPf
A NS
eM
030222
`U
iNP
A :25.29 / 9;:.;:
A -6.2; rjo
[frufzjf hnjrhojroruz ij jjvruffzj rf 30222 ij rjo ijtohzo iot jjvruffzj f hzj~hh hh6.2; rjo iot hfhkf j< hzsfufzjruz otlrhjt otlrhjtf suiolohfzoo ~zhhhzooijtohzoruz iot jjvruffzj<
%
9<LONV)O< Tc2oa 3 1
R
)30222,
98RUl\'/N2V2
8
)30222,
;6o9:7.47
9;:.;:
322
322
A 9;8.4:/9;:.;: A /4.9 rjo otlrhjtf suiolohfzoo zfjo ij hnjrhojroruz ij jjvruffzj. vj ovhzoij ijtohzo<
'
30222
30222
30222
l m VPPU" U"
U
,=;;;-'
d
E8E.
m VbPUl U"
,=;;;:
:25.29 / 9;8.4:
30222
;68.;4
30222
-8.9;rjo/4.9
322
322
IA8
Hiurhof tjmfoif f hnjrhojroruz ij jjvruffzj rf 30222 ij rjo ijtohzo iot fhoiofjf ij jjvruffzj )hzjljzjf fhj~uzf hh 6.2; rjo, ~/f ifuzf ot jjh3h~oiofj hzjljzoo hnjrhojroruz ij jjvruffzj fljzjtj vzuihhojo ilsihj lo osugorokfj rf 30222 ij rjo ijtohzo iot vzuihhof iftihf lo osugorokff0 Vzhhhzf ijtohzoruz f fih > otlrhjtf vukooif. mjtjzfti zjihhjzjf hnjrhojroruz ij jjvruffzj rf 30222 ij rjo ijtohzo iot jjvruffzj hh 4.9 URP0 404040 Ctfrokf lfhuzofJo f hnjrhojroruz rf 302222 ij rjo holzf ij flfhjzo Xfgjrhr 4050
1 29.;3
rjo suiolohfzoo
[` 4I
L
vzjhzoruz ij
iftkfzj.
8<@M<6 222/
'[`
9<
g[`/Z/)
g[`/ZY
992.65/:34.:6 otlrhjtf
3222/ g[`Vme)
9<
330
1 264.63
roE)NRRR,
b
e
0
'[`
'[`
9< 32030222A/(
g[`Vme
A 99;.35/992.65
63.84 rjo
0iTT VPT0
Pz0 hz0 30 40 50 Ltiohfuzo Sjzoufif hhzjtoo Szjiookh 40872 40397 Ujfrokf 40:97 40462
Eolzf ij flfhjzo jjvzosff ot vzjhzoij iftkfzj. jjhrh~oiX[C )xi v, Enjrhojroufrj fljzjtj holzjoij flfhjzo )xi h, [urhshr jljhoi fr vzuihhojoiftihj. jjvzosff ot<
60
/
flfhjzo :42.97
)E)NRRR,, )rjo,
UHbRN[CUH< lE)30222, Er)30222, ER)30222,99.;35 / :4.297 A / 63.84 rjo A // A Ujihhjzjf hnjrhojroruz rf 30222 ij rjo holzf ij flfhjzo hh 63.84 rjo ~j ifuzjfkf otlrhjtjo hzsfuzoruz lfhuzo< otlrhjtf suiolohorzoo~zhhhzoo olzjoij flfhjzo< h
roElNRRR,
A g[`xNY 030222/ g[`YNY 030222A 40437 030222/ 40397030222 A g[`/ZY g[`YmY 40947 4872
ERPENZbLL< Eutluzs hfrhhrjruz jljhhfj. ~j otzjmo~zjfkf zjihhjzjf hnjrhojroruz rf 30222 ij rjo holzf ij flfhjzo hh 63.84 rjo. hjjf hj zjvzjkotf ht f~vjh vukooi ijufzjhj f ijjzt<l0otf hzjllljl vzulohrho fljzjt holzjo ij flfhjzo . f zjkhrfhrs jjvruffzh l3 f hjruzrfro otiohfuzo ij jlohojtf hfzj ~j hfrhhrjfkf vj gfkf fhj~uzf0 (Chjf~f jiurhoj lfiuzfgorf ~j ifuzjfkf otlrhjtjo suiolohfzoo ~zhhhzoo holzjo ij flfhjzo lo f vzjhzoruz ij iftkfzj. hfzj fh mjtjzf zjihhjzjf hnjrhojroruz rf 30222 ij rjo holzf ij flfhjzo hh 9.;3 rjo lozj~vjhoi hh 64.63 rjo0 Eu~hzorj htofzj fh ijjzsotf hzjljzjf hnjrhojroruz rf 30222 ij rjo holzf ij flfhjzo hh :.9 URP. jjjzhofti f~ljr 2 otlrhjtf tjmfoif0 Sjlzh fhoiofjf iot vjzoufif hzsfufzj. ~j zjhusftif hzjljzjf ot hutothfzj f vutijzoo vzuih~jruz0 vjtzh hfzl toijrhr vzumzfsf fr hnjrhojroruz rf 30222 ij rjo holzf ij flfhjt j~j sfo soh ijhO sjiof0 Fj f~jsjtjf. ~j zjhusftif ftfrokf ot ijfroh f hu~hzoruz htofzj. ot ijijzjf ijjhorzoo hfhkjruz hfzj fh mjtjzf hzjljzjf fhj~uzf lof ~fgorozoo htho vzumzfs ij sf~hzo vzot hfzj ~f ~j fjthjkj jljhjrj tjmfoij frj hzjljzoo hu~hzoruzf~hvzf vzulofgorofoo lozsjo0
Xjsf
330 340
350
Pz0 hz0
eXOTN^Y\T
Sjzoufif vzjhjijt
Sjzoufif
hhzjtf
)t,
Enjrhojro lojj rf 30222 ij rjo ijtohzo iot jjtruffzj )rjo, Enjrhojro ij jjvruffzj ifzofgorj rf 30222 ij rjo vzuihhoj jljhoi iftihf )rjo, Enjrhojro lojj rf 30222 ij rjo vzuihhoj jljhoi iftihf )rjo,
568.9 775.;
533.5 77;.7
4;9.9 782.;
4;:.3
4:9.6
4;7.7
f
)t/r, Szjifkh r0 [jtohzo ufrj iot fhoiofjf ij jjvruffzj. iot hfzj< / fljzjtj holzjo ij flfhjzo Enjrhojro ufrj ij jjvruffzj. iot hfzj< hnjrhojro ifzofgorj / hnjrhojro lojj Enjrhojro fljzjtj vzuihhojo jljhoi iftihj )holzjo ij flfhjzo,. iot hfzj< / hnjrhojro ifzofgorj / hnjrhojro lojj Szuihhof vjzoufijo hhzjtj jljho i iftihf )hozf ij flfhjzo, Lt hu~hzovzjiokoutfj Szuihhof vjzoufijo hhzjtj jljhoi iftihf )holzf ij flfhjzo, Lt vzjhzo vzjiokoutfj. jjhrh~oi X[C Enjrhojro ifzofgorj zjhfrhhrfj )hu~hzoifzofgorj vzjiokoutfj fljzjtj vzuihhojo jljhoi iftihj, Xosuhr ij shthf )uzj, [jtohzo iot jjvruffzj vj htofj ij ost )rjoruzo, Szuihxof jljhoi iftihf )hozf ij flfhjzo, vj htofj ij osv )rjo1uzf, Enjrhojro ij jjvruffzj ifzofgorj rf 30222 ij rjo ijtohzo iot jjuruffzj )rjo, 40847 40587 40497 30587 ;32 50322 40;62 40877 308;2 ;87 Ujfrokf 50547 40;;7 40:62 30:72 ;;2
iotfsohoo
lo ~zhhhzoo hnjrhojroruz
40
50
60
/
2
/ /
40892
UHbRN[CUH< Fotfsohf toijrhrho hnjrhojroruz ifzofgorj< f, vjtzh hnjrhojro ifzofgorj rf 30222 ij rjo ijtohzo iot jjvruffzj< oPVTb^ 778.6 A 3 29 lr oPVTb^ A 778.6 A 324 m\PNPOPX^ 742.2 ( m\P`b_^ 767.4 ( g, vjtzh hnjrhojro ifzofgorj rf 30222 ij rjo vzuihhoj iftihf )holzf ij flfhjzo,< Uj VTb^ A 782.; A 3.224 oPVTb^ A 782.; A 3 23 lr m\P`b_^ IIQ/I m\PNPOPX^ 775.; ( ERPENZbLL< Vj ug~jzif hf ot fsgjrj ~ohfoo~/f osjmo~zf hzjljzjf hnjrhojroruz ifzofgorj rf 30222 ij rjo ijtohzo. hjjf hj zjvzjkotf ht f~vjh tjmfoi ijufzjhj otiohf ~hfijzjf jlohojtjo horokfzoo zj~hz~jruz ifzofgorj horokfj ot hfizhr lozsjo0
70
50332
80
/
304970222 4.27:: 3.:76;
/
305720222 4.4;85 4.399:
30832
90 :0 ;0
320
742
767.4
778.6
405040 tfrokf iofmtu~ohij ovlfhuzofr f hnjrhojroruz C ifzof gorj rf 30222ij rjo ijtohzo )holzf ij flfhjzo,
tjmfoif. mjtjzfti hzjljzjf hnjrhojroruz ifzofgorj rf 30222 ij rjo holzf ij flfhjzo hh 3;.:: rjo lozj~vjhoi hh 45.56 rjo0 405050 tfrokf jlohojtjo hnjrhojroruz lojj / ftfrokf C iotfsoio. ~zhhhzfrf lolfhuzofJo f hnjrhojroruz lojj rf 30222ij rjo holi ij flfhjzo
lh)rRRR,
`
A E)rRRR, iL
e E)rRRR, iR
A 78 . 2;/77 . ;7 A
07<3rjo
Ezjljzjf hnjrhojroruz ifzofgorj rf 30222 ij rjo ijtohzo hh 3.6 URP ~j ifuzjfkf otlrhjtjo hzsfuzoruz lfhuzo< otlrhjtf ~zhhhzoozuihhojo iftihj< v
T=bT=;;;m
C0Ctfrokf iotfsohf UHbRN[CUH< Lt jjjsvrhr rhf ot hut~oijzfzj. toijrhr hnjrhojroruz lojj rf 30222 ij rjo holzf ij flfhjzo ~j vzjkotf ihvf hhs hzsjfkf< toijrhr hnjrhojroruz lojj rf 30222 ij rjo holzf ij flfhjzo. ot vjzoufif vzjhjijtf<
E0z)rRRR,
/=H26
A ,g[sed
,(30222
A )3083le 30867M030222 A
50332 40;62
A 739.8:/77;.7
o3E=rRRR,
m
A / 63.:4 rjo
)hf vzjhzo sjioo,<
ug[s=bs g[s=mV
g[sVdg[`/ZY
l
Al
40;62
toijrhr zjfrokf f3 hnjrhojroruz lojj rf 30222 ij rjo holzf ij flfhjzo. ot vjzoufif hhzjtf<
b2\,elllT3X\PSb^
A l40;;7
e3.832M030222A 40;;7
ERPENZbLL< Hiurhof ~zhhhzoo vzuihhojo iftihj f otlrhjtf vukooi jiurhof hnjrhojroruz ifzofgorj rf 30222 ij rjo holzf ij flfhjzo. ijufzjhj f ijjzsotf zjihhjzjf fhj~uzf hh 63.:4 rjo0Szjhzorj 1 ij iftkfzj lo hu~hzorjifzofgorj vj vzuih~j fh fih 2 otlrhjtf
ERPENZbLL< Eutluzs ifjruz hfrhhrfj. zjkhrf hf< bQXZ\P`b_^ 0 bQX \PVTb^ 0 btX0= Iff ij vjzoufif vzjhjijtf )t/3,. toijrhr zjfrokf fr hnjrhojroruz lojj rf 30222 ij rjo holzf ij flfhjzo j~j sfo soh hh 4.8 URP. zj~vjhoi hh 2.:9'. ot hutiooorj ot hfzj holzf ij flfhjzo f hzj~hh hh 48.8'. ofz hnjrhojrorj lojj fljzjtj holzjo
ij flfhjzo fh hzj~hh hh 47.7' ot fhjrflo otjzifr ij osv )zjfrokf lff ij vzjhjijt,0 LBjlo.~j vufj fvzjhof hf jiurhof hnjrhojroruz lojj rf 30222 ij rlr h<lzf ij flfljzo j~j vu koo ijufzjhj zoshr ij hzjljzj if. fr hrlzlr 0ij flfhjt f lu~ sfo sfzj ijhO zoshr ij hzjljzj fr hnjrsjnruz lojj fljzjtj holzjo ij flfhjzo )vzuihxojo iftihj,0 D0Ctfrokf lfhuzofrf f fgfjzoo hnjrhojroruz lojj rf 30222 ij rjo holzf ij flfhjzo. lff ij toijrhr vzjifkh UHbRN[CUH<
Ep)r0RRR,
holzjo
dbeplll2
,bfT
g[s=mV
bVY
g[s=mV
Mo30222A)l/40;;7
A 4;.77/4:.436 A 0 35.58 rjo )/3.79 0 3.266, 0 3.558 A / 2.748 0 3.558 A 0 :.3 rjo ERPENZbLL< Ezjljzjf toijrhrho hnjrhojroruz lojj rf 30222 ij rjo holzf ij flfhjzo hh :.3 rjo lff ij toijrhr vzjifkh j~j ht f~vjh tjmfoi. ifuzf otlrhjtjo hnjrhojroruz lojj fljzjtj holzjo ij flfhjzo )hfzj f mjtjzf 2 hzjljzj hh 35.58 rjo,. vzj hhs lo otlrhjtjo vzjhzoruz ij iftkfzj )hfzj fh mjtjzf 2 hzjljzj hh 32.66 rjo,0 Zt jljh vukooi f~hvzf jiurhojo hnjrhojroruz lojj rf 30222 ij rjo holzf ij flfhjzo L/f fih iurhshr vzuihhojo iftihj. hfzj f ijjzsotf zjihhjzjf fhj~uzf hh 37.9 rjo0
11
orEL()LRRR,
X8
E(13()LRRR, e E(L(R)LRRR, ee
X8
8/
4;.77 / 4:.96 A l
rjo lnjrhojrorj lojj rf 2.3 URP holzf ij flfhjzo fh lu~ sfo lrfzo lff ij toijrhr vzjifkh fr fhj~uzf hh 2.:3 URP. ~hg slrhjtf hzsfuzoruz lfhuzo< f, otlrhjtf holzjo ij flfhjzo<
lE-l3222, 8HF
,bVY
):11
bVY-
2g2/[`=mV 2g2/[`YmY
XfgjrhL4070
1 4:4.36 / 4:9.6 1 2 7.48 rjo iot hfzj< / otlrhjtf iurhshrho vzuihhojo iftihj<
lE-)3222, 8 [` / 0'
0WTT VPT0
hhzjtoo )t, rtiohfuzo
,bVY
bVY-)
30
40
fZ
A)(
2g2/[`=mV 2g2/[`=ml
'
bVY
'
bVY-
[jtohzo ufrj iot jjvruffzj.iot hfzj< / fljzjtj vzuihhojo iftihj Enjrhojro sfjzofrj vrh~ fsuzokfzjf. iot hfzj< / fljzjtj vzuihxojo iftihj )holzjo ij flfhjzo. iot hfzj< f, hnjrhojro sfjzofrj iozjhj g, hnjrhojro sfjzofrj otiozjhj.
50 60
70
80
90
:0
;0 320 330
iot hfzj< / fsuzokfzo soprufhj lojj Szuihxof jljhoi iortihoo )hozf ij flfhjzo, ot vzjhzo vzjifkhj Enjrhojro sfjzofrj zjhfrhhrfj ot lhthoj ij iurhshr jljhoi fr vzuihhojo iortihj ME hnjrhojro sfjzofrj vj vzuih~j ghmjfzj. vzumzfsfj ~fh vzjiokoutfj )othrh~oi otiozjhj zjfrokfj, Enjrhojro sfjzofrj iozjhj zjhfrhhrfj ot lhtxoj ij iurhshr jljhoi fr vzuihhrojo iortihj lo hnjrhojro vj vzuih~j ghmjfzj. vzumzfsfj ~fh vzjiokoutfj Enjrhojro sfjzofrj iozjhj zjhfrhhrfj ot lhthroj ij iurhshr jljhoi fr vzuihhrojo iortihj. hut~hsfgorj lokohj jljhoij lo vzjhzorj ij othrhijzj ot hu~hzo ghmjfj vzumzfs fj ~fh vzjiokoutfj [frufzjf sjioj f fhoij32z huzvuzfrj )f soprufhjruz lojj, Xosvhr sjioh ij rhhzh fr jhnovfsjtjruz ~fh fr horfpjruz )uzj, Uftifsjthr sjioh uzfz. vj gfkf holzjo ij flfhjzo )rjo1uzf, Poijrhr )zff, hnjrhojroruz sfjzofrj ufrj rf 30222 ij rjo ijtohzo )rjo, Poijrhr )zff, hnjrhojroruz sfjzofrj rf 30222 ij rjo holzoo flfhjzo. iot ij hfzj< / iozjhj otiozjhj. iot hfzj< 2 / fsuzokfzjf soorufhjruz lojj
47
57
5;
D1I1C1 sepoHe ioserogoo gnlpDEolpoptv N reDlvoepl pe C1AAA il ploFlsoDEvo ios lGupteDevl UHbRN[CUH<
/
/
40557
30797
CE)30222, o WPm\P`b_Q
/ 0
j)MoRRR, WPVm\P`b_^
jEL0RRR, WPlm\PNPOPXV
/ 64.;9 rjo
CE)LRRR, o WPoP3^b^ / 0 EEr0RRR, WPVoPTVb^ 0 jEr0RRR, WPlm\PNPOPX^
85463 /
89659 A /
30249
;74
ERPENZbLL< Fot hf3hhrjrj zjfrokfj ~j vufj hut~ff hf toijrhr hnjrhojro32z sfjzof3j rf 2.3 rjo ijtohzo iot jjv32ffzj fzj 2 jtiotf ij~hzj~hfufzj0 C~lj3. toij3hr vzjifkh f3 fhj~uzf j~j sfo soh ijio hjr vzjhjijt hh 64.;9 rjo. ofz toijrhr zjfrokf j~j sfo soh hh 63.;8 rjo0Fjho. ifrufzjf zjfrokff j~j sfo sohf ijio hjf vzjhjijtf. ifz sfo sfzj ijhf hjf vzjifkhf hh 3.23 rjo. ifz fgfjzjf th j~j ~hg~ftofLf0 D1I1D1 sepoHe megDtvoepee gnlpDEolpoptv N reDlvoepl pe C1AAA plogomve emeglvo il il UHbRN[CUH< Enjrhojrorj sfjzofrj fljzjtj holzjo ij flfhjzo rf 30222 ij rjo holzf ij flfhjzo fh fih 2 jiurhoj f~hjtijtf lff ij toijrhr vzjifkh. ijufzjhj< BR30222, A J/NIII0 E J/N<III0 A 826 .p 7 / 7;; .69 A 0 6 .:: rjo 0000 sr R<
4
hzsfuzoruz
A ug[sebWY
g[`=ZY
W\
Wl
z g[`YNWY g[`YmY
M030222A )30797 /
rjo. vj
ZH/NIII0
ceflpETD1L1
0VPT 0
W
g[`^m^
g[sed-)=2;;; g[`^ZY
40565 40557
Ltlrhjtf
jnjrhojroruz sfjzofrj
X_VV
N
iozjhj rf 30222 ij
30249, / // o30222 A
0 6.::
0 97.27
WO^
/ER
WO\
222,
);99 0222 A //
40565 40557
/ 92.39 rtlrhjtzf rtlrhjtzf hnjrhojroruz hnjrhojroruz sfjzofrj sfjzofrj iozjhj rf 30222 rjo vj otiozjhj rf 30222 ij rjo vj vzuih~j vzuih~j / 69.55 / 44.:6
hM=uuu!( ehM=RRR,
uVR[seb); VR[`^m^
=)^
VR[seb)df)=2;;; VR[`^ mY
);99
;74,
40565
o30222A
A 638.;; / 628.54 A - 32.89 rjo g4, otlrhjtf jnjrhojroruz sfjzofrj otiozjjj rf 30222 ij rjo. vj vzuih~j< A:, A ,g[sVd z g[`/N g[s/ 7030222A ) 65; e30797/30249,030222 A
uuR, eE.lLRRR,
RQ8 : lRIQ8
Vg[s/=1
40565
40557
ERPENZbLL< Enjrhojrorj sfjzofrj rf 30222 ij rjo holzf ij flfhjzo fh hzj~hh hh 6.:: rjo0 Hiurhof tjmfoif f fhj~ho otiohfuz j~j hfhkff ij ~zhhhzf vzuihhojo iftihj )hfzj f mjtjzf 2 hzjljzj jh 97.27 rjo,. ijufzjhj f jzj~hh vutijzjf vzuih~jruz vjtzh hfzj jnjrhojrorj sfjzofrj rf 30222 ij rjo ~ht sfo sfzo ijhf toijrhr sjioh vzjifkh0 Enjrhojrorj sfjzofrj rf 30222 ij rjo vj vzuih~j fh otlrhjtf vukooi jiurhof hnjrhojroruz sfjzofrj rf 30222 ij rjo holzf ij flfhjzo. ijjzsosrti zjihhjzjf fhj~uzf hh 92.39 rjo0 Chjf~f ~ohfoj lfiuzfgorf ~/f ifuzf ff otlrhjtjo hnjrhojroruz sfjzofrj iozjhj )rtiju~jgo f zjihjjzoo hut~hshzoruz lokohj. hfzj fh ijjzsotf ~hfijzjf hnjrhojroruz sfjzofrj rf 30222 ij rjo holzf ij flfhjzo hh 44.:6 rjo,. hf lo otrhjtjo hnjrhojrorj sfjzofrj otiozjhj )ifuzof hfzuzf zjihhjzjf hnjrhojroruz sfjzofrj rf 30222 ij rjo holzoo ij flfhjzo f lu~ ij 69.55 rjo,0
ijtohzo iot jjvruffzj hzsfuzoruz lfhuzo< 30 Ltlrhjtf ~frfzofo< ceflpETD1L1 : :NN QJN:
Pz rtiohfuzo hz 30 [jtohzo iot jjvruffzj /AJ01 iot hfzj< / fljzjtj vzuihhojo iftihj /lF0 Enjrhojro ~frfzofrj. iot hfzj< / lutihr ij ~frfzoo,d][frufzjf fioohmfZL/<F0 Phsoozhr sjioh ij ~frfzofo ,j]Iutihr ufr ij osv ij shthoo )9, Enjrhojro fthfrj hh vjz~utfrhr vj ht ~frfzof )rjo, Vfrfzohr sjioh fthfr Enjrhojro ~frfzofrj rf 30222 ij rjo ijtohzo. iot hfzj< / ~frfzoovjz~utfr Enjrhojro ~frfzofrj 30222 ij rjo holzooj flfhjzo )rjo,. iot hfzj< i / ~frfzoovjz~utfr Enjrhojro ~frfzofrj rf 30222 ij rjo ifrufzj fioohmfoo )rjo,. iot hfzj< / ~frfzoovjz~utfr Sjzoufif vzjhjijtf )P /3, 3205:6 ;0775 407;8 40247 60234 672 3530622 7098:.:; 60722 472 3;7.23 493.97 433.;: 869.28 726.96 Sjzoufif hhzjtf )P, 340243 3304;; 40::7 40572 703;: 722 3620222 70992 60922 462 3;7.6; 477.55 429.;: 777.24 674.3
hh 2.6:
otlrhjtjo sjioh ij
suiolohfzoo
d d] 032223(1 ,jpN A
sP
I
sPV
340243 3205:6
40 50 60 70 80 90 :0
722
vj ht ~frfzof<
sP
sPV
Mo30222A
;0
4.247d 3620222o( 4 247 3530622o 0ee 0/ 72l0 3530622 e 3530622 0302221 0N/JQAePT 340243 c 722 672
40 sP
Ltlrhjtf
WM
~frfzohrhosjioh
uzfz<
320
8I d] (30222l
A jpV 2,dpSV
sPV jpN
0 dpSlf)=2;;;X jpN
36202220 4024l 36202220 4024ld 3620222 e 3530622 030222A 0 =J/;=VPT 722 722
Ezjljzjf
rjo
8I d] 030222./
sP
A jp
L0 Ltlrhjtf flfhjzo<
N [ 6
thsfzhrho
ij
KJM
sP
d d] 030222 AA ,jpx z j]Y ;<1 b )h.l b^ b' 4247 36202220lR0llle 0TdA=dCd;d; 353622 3205:6 3530622 3030222 0 =I/IA=PT 11
M0
I<u 030222AA ) 722 e 672 ,% 040247 o30222AA 0=>/J=PT ri~u 3304;; ;0775 672
40247 36202220 34024l0 3536] 3620222 3205:6 722 3530622 112@< 340243
TT1 Ltlrhjtf
~frfzohrhosjioh
gzh vj
>
vjz~uftf<
7030222AA l03304;;
h, suiolohfzjf fifhmff< 4040Ltlrhjtf hnjrhojroruz hh ~frfzoorj vjz~utfrhrho rf 30222 ij rjo ijtohzo iot jjvruffzj<
d d] 030222 AA ,dpx z d]Y n n^ nY
Ujihhjzjf lutihrho ij ~frfzoo hfzj zjiotj rf 30222 ij rjo ifrufzj fifhmff ~j ifuzjfkf otlrhjtjo hzsfuzoruz lfhuzo< L0 Ltlrhjtf thsfzhrho ij ~frfzofo zfvuzf rf ifrufzjf fifhmff<
40572 36202220.340243e0362.TRR 3620222 340243 722 3620222 340243 722 40247 36202220d 40243e03530622 3620222 3205:6 3530622 =)2 03 222 0 AA ,jp^ d] n 2 d nx
z
j]Y nY
0 d] M0 j] Y 030222
Y
AA ) 722 /
703;:
TT1Ltlrhjtf
~frfzohrhosjioh
gzh vj
AA 722
vjz~uftf<
M030222
703;:
vj ht ~frfzof<
nu
j]u
z rlpSl-2=2;;;X j]Y
d]Y bY
M030222
AA )40572
3304;;
Ujihhjzjf hnjrhojroruz hh ~frfzoorj rf 30222 ij rjo ijtohzo iot jjvruffzj hh 6 rjo ~j ifuzjfkf otlrhjtjo hzsfuzoruz lfhuzo<
722 0 703;: c
36202220 40247 3530622o 40247 3530622 e 3530622 030222A /3 ,QJN 722 672 /
8I d] 030222<=</ N 2,dpSV A jp
nN
jpN
0 dpSYf)=2;;;X jpN
36202220 40572 3620222o 40247 722 0 3620222 e 3530622 030222A 0 AN=PT 703;: c 722 722 /
Pz Ltiohfuz hz
Sjzoufif vzjhjijtoo )P/L, 325:.6 ;77.5 623.4 672 45.2977 43.44; :.;377 424.7 6.7
Sjzoufif hhzjtoo )P, 3424.3 334;.; 73;.: 722 46.264 44.7;: 32.5;8 457 6.9
ERPENZbLL< Fot jfrhhrjrj zjfrokfj rf vhtjjrj f lo g. ~j vufj ug~jzif jf zozthzorj ztfo zfvoij ij hzjljzj f holzjo ij flfjjzo lo f ijtohzoruz. lff ij zozthr ij hzjljzj f lutihrho ij ~frfzoo. f ijjzztotf zjihhjzjf jnjrhojroruz jh ~frfzoorj rf 30222 ij rjo holzf ij flfhjzo hh 6 rjo lo f hnjrhojroruz jh ~frfzoorj rf 30222 ij rjo ijtohzo iot jjvruffzj jh 2.6: rjo0 Fot ftfrokf jljjhff rf vhthhr h f zjkhrf hzjljzjf jlohojtjo horokfzoo lutihrho ij ~frfzoo. ijufzjjj toijrhr hnjrhojroruz ~frfzofrj rf 30222 ij rjo ifrufzj fifhmff ~/f zjih~ hh 75 ij rjo. lfv hfzj f mjtjzf hzjljzjf vzulohrho. vj ij/u vfzj. lo hzjljzjf hjruzrfrj huztvutjtj frj ifruzoo fifhmfj. vj ij frf vfzj0 Fjho. hzxjzjf ~frfzohrho ztjioh fthfr vj 2 vjz~uftf ~/f othfizf ot roztojrj tuzztfrj. ijufzjhj 7 2 7 )zj~vjjoi n dR]
j] j]
30 40 50 60 70 80 90 :0 ;0 320
[jtohzo iot jjvruffzj /AJ0 Eolzf ij flfhjzo /lF0 [frufzjf fifhmff />F0 Phsfzhr sjioh ij ~frfzofo /;W0 Szuihhof ugothf vj ht ~frfzof )M<6, Eolo/f ij flfhjzo vj ht ~frfzof )4<6, [frufzjf fifhmff vj ht ~frfzof )5<6, Iuti ij ~frfzoo/W0 Vfrfzohr sjioh fthfr ):<6, Ltiohjrj huzjrfojo ,eP-R f,
/ 2 /
/
/
/ /
e0 e eET e0
E
vj gfkf vzuihhojo ugothj );<7,= / vj gfkf holzjo ij flfhjzo );<8,= / vj gfkf ifruzoo fifhmfj );<9,0 g,
/ / /
/
2
/
/ / /
/ / /
e eETE e0 :N
E
e0 :N
a
/
2
/
2
Vfrfzohr sjioh ERPENZbLL< Fhvf hhs ~j vufj ug~jzif ot Xfgjrhr 4090. otiohjrj huzjrfojo. vj hjrj zjo suifrofo ij jjvzosfzj. fzj > jiurhoj ij~hzj~hfufzj hf hzsfzj f hzjljzoo otiohjrho huzj~vhtkfuz fr vzuihhoiofoo shthoo0 Votmhzhr f~vjh tjmfoi hfzj vufj lo ~j~okf or zjvzjkotf lfvhr hf zoshr ij hzjljzj fr vzuihhoiofoo. hf3hhrf vj gfkf vzuihhojo ugothj )ifrufzjf vzuihhojo ugothj 1 ijtohzo iot jjvruffzj,. j~j otljzouz zoshrho ij hzjljzj fr ~frfzohrho sj ioh fthfr lo fr thsfzhrho sjioh ij ~frfzofo0Chj~ f~vjh tjmfoi ~j vufj ifuzf loj otjlohojtjo suihrho ij horokfzj f osvhrho ij shthf. loj uzmftokf=oo otjlohojtj f fhoiofoo ij jjvruffzj. loj fruz hfhkj0 Ffhf ~j uvjzjfkf hh otioho vzumzfsfo. vzj~hvhtfti hf ifrufzjf vzjifkhf SPvzji0 ~j hhtuflj lo j~j vzjkjtff ot XfgjrhL40:0. ~j vufj zjfrokf hzsfufzjf ftfrokf< XfgjrhL40:0
jlohojtf vzjifkh ~j ijjzsotf ihvf hhs hzsjfkf< e)d A 0VU)eNZ\P`f.V A c)3.34/3,02.;95dA 3.338:
r[l
lff ij vzjijijzo
zjghoj ~f fogo(o
6 7 03.338: A 6 7 o3246 A 6.8328 soo rjo . 32; % /// 1 ot ruh ij 6.9 soo rjo. hfzj j~j ifrufzjf ~frfzohrho sjioh fthfr zjfrokff ot hfizhr ~uhojfoo husjzhofrj0 Ffhf ~frfzohr sjioh fthfr zjfrokf fz lo lu~ sfo soh ~fh jmfr hh 6.8328 soo rjo. fhtho f~vjhhr tjmfoi ~j~okf ftjzouz th ~/fz lo vzuih~0
408030 tfrokf iotfsohoo. toijrhrho lof ~zhhhzoo C hu~hrho vzuih~jruz C0 Vohfof iotfsohoo lo f toijrhrho hu~hrhohtofz fr vzuih~jruz vzothovfrj )L.TT.LLL,<
0iTT VPT0
Pz0 hz0 Ltiohfuz Sjzoufif vzjhjijtf )P/r, :;.377 6.7 Sjzoufif hhzjtf )Pvzji0, ;;.:76 6.;27
mjZ\P`2 mj0=
3.34 3.2;
97
Ujfrokf ot hfizhr lozsjruz huthhzjt j 30322 40522 40472
Eu~hr htofz )Ljo1vzuih~, Ujfrokf ot vjzoufijrj vzjhjijtj :2F :2[ 30422 40572 40372 30472 40542 40322 Puzsf
30 40 50
/
/
2.;95
/ /
/
=0 ] =0 a =0:N ] =0:N a
/ /
/ /
30
g, eNZ\P`2
2.972
40 50
zjfrokfj
fh
Pz0 hz0
Efjmuzoo ij hnjrhojro
q ot hfkhr vzuih~hrho L. hu~hr htofz fzj 2 jtiotf ij hzjljzj. looti sfo sfzj ijhf hjr fr lozsjruz huthhzjtj( 1 ( q ot hfkhr vzuih~hrho LL. hu~hr htofz fzj 2 jiurhoj ij~hzj~hfufzj. looti ~ohf ~hg hu~hr vzuih~jruz ~osorfzj lLj huthhzjtjo= q ot hfkhr vzuih~hrho LLL.hu~hr htofz fzj ij~hzj~hfufzj loj~j ~ohf~hg hu~hr huthhzjtjo0
2
jiurhoj
6< Ofjzoo vzosj 40 Vfrfzooiozjhj E0C0V0 50 60 Enjrhojro iozjhj 70 Ujmoj lofrj hnjrhojro otiozjhj 80 Eu~ htofz ufr
Vzhhhzf )', Eu~hr htofz )Ljonzuih~, Szjioo/ Ujfrokf Euthhzjt/ Szjiookh Ujfrokf Euthhzjt/ kh f f 89.66 30722 30672 93.96 8:.3: 30872 372 362 :.92 8.:4 422 8.73 67 64 4.27 82 4082 3.;7 30;32 30854 :5.26 99.27 308;7 97.;2 5;2 727 73: 38.;8 44.;7 46.32
40522
40422
40372
322
322
322
ERPENZbLL< Hiurhof hu~hrho htofz fr vzuih~hrho L j~j ijlfiuzfgorf0 Ef hzsfzj. ~j osvhtj zjthtfzjf Lf zjfrokfzjf ~f. loj ot lfiufzjf hzjljzoo hftofoo lfgzohfj iot vzuih~jrj LLlo LLL. loj ot lfiufzjf htho tuh vzuih~. vjtzh hfzj hjzjzjf j~j ot hzjljzj0 Lt fhj~ susjt. lozsf olovufj hzjlj huf ij voff vjtzh vzuih~jrj LL lo LLL.~fh vufj hnofz ~f otzj vj vojj tuo. osghtff!otih/lo osfmotj f lo vukoof0 Lt huthrhkoj. ifuzof zjfrokfzoo htho hu~ htofz sfo soh 1 ff lff ij ifrufzjf 1 vzjifkhf lo lff ij vjzoufijrj vzjhjijtj. hf lo lff ij hu~hzorj htofzj zjfrokfj ij huthhzjto. vzulofgorofjf lozsjo j~j sfo zoiohff0 O1 NsepoHe zDvEgDEvoo gtzDEpEoEsoDev ep uvtiEzlptvM Sjtzh jjjsvrolohfzj. ~j vzjkotf ~ohfof jrjsjtjruz hfzj luzsjfkf hu~hr htofz ot hfkhr vzuih~hrho LL<
UHbRN[CUH< Lt ~zhhhzf hu~hrhohtofz. vutijzjf hjf sfo sfzj 2 ijot hnjrhojrorj hh sfjzoorj vzosj0 If!f ij huthhzjtf. vzuih~hr ~j zjfrokjfkf hh ht hut~hs ~vjholoh sfo soh hh ;.3' ot hfkhr hut~hshrho vzjifkh lo hh 34.34' ot hfkhr hut~ht3Zrho jljhoi zjfrokf0 Enjrhojrorj hh ~frfzooLjiozjhj ~ht sfo soho ijhf frj huthhzjtjo hh 72 ij rjo ot hfkhr toijLhLhovzjifkh lo hh 82 ij rjo ot hfkhr toijrhrho zjfrokf0 Fjho. jiurhof hnjrhojroruz iozjhj j~j vukooif. ijufzjhj ifrufzjf jljhoi zjfrokff j~j sfo sohf. ff lff ij toijrhr vzjifkh. hf lolff ij hjr zjfrokf ij huthhzjtf0 Lt hfkhr hnjrhojroruz ij zjmoj lo fr frfz hnjrhojro otiozjhj. jiurh!of f lu~ ijlfiuzfgoLf. ijufzjhj vutijzjf zjfrokff j~j sfo sfzj ff lff ij toijrhr vzjifkh )46.3' lff ij 44.;7',. hf lolff ij huthhzjt!f )46.3' lff ij 38.;8',0 ERPENZbLL< Lt vjzoufif hzsfufzj j~j tjhj~fz ~f ~j fjoutjkj ot ijijzjf zjihhjzoo hnjohojroruz otiozjhj. hfzj ot vzjkjt th fh ht jljh vukooi ot vzoiotf vzuihhojo zjfrokfj0 Vvzj jjjsvrh. ~j vu fvrohf hzsfufzjrj sf~hzo<
q uvosokfzjf vzuhj~hrho ij fvzuiokoutfzj / ij~lfhjzj= q otluzsfokfzjf fhoioooo lotfthofz hutfgorj lo ij vjz~utfr= q zjfrokfzjf ij jhutusoo vzoioti hut~hshr ij jtjzmoj jrjhzohf. fvf. jtjzmoj jzsohf jh0. hj th ~ht rjmfj iozjh ij vzuhj~hr ij vzuihhoj= q zjihhjzjf hnjrhojroruz ij ijvukofzj= q zjihhjzjf hnjrhojroruz ij zft~vuz jh0
dbSWN dbSWZ)
A )h~3 / N]Y-)
TZ
/ otlrhjtf
vzjhrho htofz fr sfjzooruz vzosj< A l1O </Ta : TZ0 A 6.;37o )4;7 / 522, A / >C/I=PT
/ 47.7 rjo / 46.7 rjo A / 72 rjo D0Enjrhojrorj jh ~frfzoorj /lMW0X bS] A K <]S / htij< K A osvhr tjhj~fz zjfrokfzoo hts sftuvjzf vj vzuih~,= ]S A ~frfzohr sjioh uzfz0
vzuih~ )hut~hs
ij
Sjtzh fhjf~f fvrohfoj ~j iuz horokf. vj otluz<sfoo. ifjrj iot fgjrhr 40320< C0 Enjrhojrorj jh sfjzoo vzosj /lMR0X bSW A N/ 2Z) / hthrj< lW 1 hut~hshr ~vjholoh )hut~hs ij sfjzoo vzuih~,= 0 000 T. A vzjhr htfz fr sfjztruz vtsj0
Jotmf frj
Pz0 hz0 30 40 50 Ltiohfuz Xosvhr tjjj~fz zjfrokfzoo htho vzfih~ ,^Vfrfzohr sjioh fzfz /WM0 Enjrhojro jh ~frfzooiozjjj /lMW0 ><9< fzj rjo1uzf rjo Szjifkh 8 47 372 Ujfrokf 6.;37 47.7 362
vzosj
vj
UHbRN[CUH<
Szjifkh 7 522 30722 Ujfrokf 60;37 4;7 30672
Pz0 hz0 30 40
d bS] 1 bSpU 0 bS]Y 1 362 / 372 1 2 32 rjo iot hfzj< / otlrhjtf hut~hshrho ij osv ij shthf< dbS]^ A -CF Q-) ]S A )7.6; / 8,o47 A 0=>/NI=PT 2
50
/ otlrhjtf
dbS]]S
A 0 >/NI=PT
/34.97 rjo 0 4.97 rjo 1 0 32 rjo UHbRN[CUH< dbSW A bSV==30 bSWY A 30672/30722 A / 72 rjo iot hfzj< / otlrhjtf hut~hshrho ~vjholoh< E0Enjrhojro ij zjmojlofrj jnjrhojro otiozjjj ,bST-R Xfgjrh340350
l./ Lteieohefeuez
M6MK@<9@<
L//vz/j/ifk/h/1
Ujfrokf
30 0( 1(
[urhshr
/U0
vzuihjojo zjfrokfj
1
ghj0 rjo1ghj
02) 2)2
UHbRN[CUH< dNST 1 NST30 NSTY 1 73.: / 72.7 1 0 35 rjo is hfzj< / otlrhjtf iurhshrho vzuihjojo zjfrokfj< S' NSTY I;I oE V[ A 000NSTY A //727 A 67;2;/727/ 7 3.3 (
3
~frfzoorj hh 34.97 rjo 1vzuih~0 Vfrfzohr sjioh uzfz f jjjzhof 2 otlrhjt f tjmfoif. ijjzsotfti hzjljzjf hnjrhojroruz hh ~frfzoorj hh 4.97 Ljo1vzuih~0 Fot vhthhr ij ijijzj fr ~frfzoforuz hzjljzjf ~frfzohrho sjioh uzfz zjvzjkotf ht f~vjh vukooi. Fot vhthhr ij ijijzj fr lozsjo. hzjljzjf ~frfzohrho sjioh uzfz ~/f fhuzif hf hzsfzj f hzjljzoo vzuihhoiofoo shthoo hh ht zos sfo sfzj ijhf fr ~frfzooruz. hjjf hj zjvzjkotf 2 ~ohfojlfiuzfgorf0 A<Enjrhojrorj ij zjmoj fh otlrhjtf tjmfoi hu~hr htho vzuih~. fhj~f hzj~hfti hh 35 rjo1vzuih~0 Ltlrhjtf tjmfoif ~/f ifuzf hzjljzoo ~hsjo fg~urhj f hnjrhojroruz ij zjmoj. hjjf hj f mjtjzf hzjljzjf hnjrhoj3oruz ij zjmoj htofzj hh 7:.;3 rjo vj vzuih~0 [urhshr vzuihhojo f otlrhjtf vukooi jiurhof hnjohojLoruzij zjmoj. hfzj fh ~hookhhh 67.;3 rjo vj vzuih~. <fzf hf fhjf~f ~hfijzj ~f husvjt~jkj otlrhjtf tjmfoif f hjrhorfr lfhuz0
/ 67.;3
~hsjo fg~urhj f hnjrhojroruz ij zjmoj fljzjtj S)/ //A73://A73:/67;2;/ NSTY I;I I 7[ 3.3
6.hS)(
NSTXb
0 7:.;3
gtruevefopl vzuih~jruz
ERPENZbLL< 0 C0 Enjrhojrorj hh sfjzoorj vzosj fh ~iokh hh 72 i lM!vzuih~%hjjf hj zjvzjkotrr ht f~vjh vukooi0 Hiurhdof ~/< fuzf ff zjihhjto hut~hshrho ~vjholoh hfzj f zjihhj zjf hn j L 0 3(3 hh sfjzoorj vzosj hh 47 7 3 (1 i zf ( mjtj sj 3uz hf( % l 0. ( jr vzu h~ fh 0 l . . lr 0. L[rft ij fvzuiokoutfzj ( ifuzr(fl hfzjLf ~/fh ugsh ( sf jtl Bl3sj Ll vzjhzo fiftfpuf~j. suoi vjtzh (hfzj hnjrsjnrj sfjtfrj ~/fh zjih~ hh 46 7 rjo1 i D En 3 0 3(3 ( vzu h~0 0l j s0j 3 j hh ~frfzoorj ~/fh zjih~ hh 32 rjo1 zuih~ S Chjf~f jiurh3j lfiuzfgoroo~/f ifuzf zjihhjzoo hut~hs 3 0i 0 sftuvjz/3 f )hf hzsfzj f hzjljzoo zftifsjthrho h j horfpjruz s~vzj jjjsv h,. hjjf hj f ijjzsotf zjihhjzjf hnjrhojroLlz hh
Lt ftfrokf jiurhojo hu~hzoruz fljzjtj husvfzfgorj. ~j iuz luru~ohzsfufzjrj luzshrj< e suiolohfzjf fg~urhf f hu~hrho /:0X iZXNZ0NYT :=
AE3 0bl)
htij<
NT 1 hu~hr vzjifkh=
lS 1 hu~hr vzjhjijt= h1 1 hu~hr zjfrokf0 e suiolohfzjf vzuhjthfrf<
i(Z
'3
7o322
<<
Ouiolohfzjf vzuhjthfroo )', Szjiookh Ujfrokf
B/HT: B/HV
hjjf jj zjvzjkotf ht f~vjh vukooi0 Chjf~f jiurhoj ~/f ifuzf hzsfufzjo ~ohfoo< / suiolohfzjf fg~urhf< lO : NT A 982 / 9:7 A / 47 rjo= / suiolojfzjf zjrfoif<
Ouiolohfzjf fg~urhoo )rjo, Szjioo/ Ujfrokf Szjioo/ Ujfrokf kh /HT0 ,b^kh /HT: /HVHS0
HS0 <
A/5.74'
QNI
/5.7 -7 -3
ZaVRdbdUPM Sjtzh vzuih~hr E ~/f vzjifkh 2 ~jfijzj f ju~hrho jh 7 rjo )/3.:;', lo ~/f zjfrokf 2 jzjljzj jh 32 rjo )-5.99',0 Hiurhof tjlfiuzfgorf ~/f ifuzf hzsfufzjruz f~vjjj< / suiolojfzjf fg~urhf< bU 0 NT A 497 / 482 A - 37 rjo= e suiolojfzjf zjrfoif< NO 0NT 0322A 497/4820322 lS >JI A-
UHbRN[CUH< ZaVRdbdUNM Sjtzh fjj~ vzuih~ ~/f vzjifkh > zjihjjzj f ju~hrho jh 47 ij rjo )/:.4', lo ~/f zjfrokf 2 zjihhjzj hh 57 ij rjo )/ 33.6:',0 Chjf~f jiurhoj lfiuzfgorf ~/f ifuzf ioljzjtjo iotzj ifrufzjf jljhoi zjfrokff lo hjf vzjifkhf. f~ljr< ( / suiolojfzjf fg~urhf< l7 : NT A 492 / 4:2 A / 32 rjo= e suiolojfzjf zjrfoif< N
O :
Iuzshrf
NWRX00/ htij<
ZU
dNS^
l T
bY
~fh
fr
htjo
htofo jnjrhojro
ij vzuihhoj=
A NS^u
0 NS^Y
lo zjvzjkotf
~vuzhr ij
ZaVRdbdUOM Lt fhj~ hfk ~/f vzjifkh hzjljzjf hu~hrho hh 97 ij rjo )- 32.78', lo ~/f zjfrokf 2 hzjljzj hh iufz 72 ij rjo )-9.26',.
ufrj ifjf vzuihjof jzjlj jh 2 htofj. ofz NS^U lo NS^Y zjvzjkotf jnjrhojrorj ufrj ot vjzoufif jhzjtf. zj~vjjoi vzjjjijtf= 0d[ A [ 3 / [ 2 lo zjvzjkotf ~vuzhr ij vzuihjoj zjfrokf ot vjzoufif hhzjtf /UO0 lff ij vjzoufif vzjjjijtf
/US0<
Pz0 hz0
Ltiohfuz
><9<
Sjzoufif vzjhjijtf
/=S0
30
40 50 60 70 80 90 :0 ;0 320
Eftofj lfgzohff /U0 Enjrhojro ufrj /JMX0 c5 0 6d Enjrhojro lojj /JK0 Enjrhojro ifzofgorj /JY0 Szj htofz /=0 Eu~ sjioh Eu~ sjioh Eu~ sjioh
/J0 c4 <3d
ghj0 rjo rjo rjo rjo1ghj rjo1ghj rjo1ghj rjorghj rjorghj rjorghh rjo
Sjzoufif hhzjtf )SL, 30622 4370::2 760222 3830::2 3:2 376.4 5:.793 337.84; 39;.6 47.: 580342
vhjf fotmj vzfmhr ij zjtfgorofj /j N A 2, ot vjzoufif jhzjtf. ~fh jfzj f~omhzf zjfrokfzjf fjjrhoflo gjtjlojoh iot vjzoufif vzjjjijtf. fzj hzsfufzjf ifrufzj< NW
msfj
UO E )
30622/30422
<
52 580222
BZHMXX
ZUD
LL0
Djtjlohoh )vzulo, htofz /G0 c7 / 8d Djtjlohoh )vzulo, ufr /j0 c32 jrd
rjo1ghj0 Fjho. vzuihjof vufj jzjlj vfzzf rf toijrhrrf jfzj NWR X 556.: rjo1ghj0. ugotftih/~j ht gjtjlojoh ufr iot jj ot jj sfo soj. jfzj fljjjfkf jfvfhofjf lozsjo ij f zjfrokf otij~ooolo ij f/lo ij~<rrolhzffjoiofjf ot sui jlojojt0 Ffhf ugojjoihr vjzoufijo jhzjtj fz lo lu~ zjfrokfzjf gjtjlohohrho ufr iot vjzoufif vzjjjijtf. ifrufzjf ju~hrho sfzmotfr fz lo zjgho ~f loj hzsfufzjf<
AGDsfj
0 580222, e
/
UHbRN[CUH< Lt vjzoufif ftfrokff ju~hr sjioh f jzj~jh jh 6.4 rjo1ghj0 )-4.:',0 Lt fjjjflo vjzoufif. gjtjlohohr htofz f ~jfkh ij rf 52 rjo1ghj0 rf 47.: rjo1ghj0. zjihjjzjf fg~urhf looti ij 6.4 rjo1ghj0. ofz jjf zjrfoif ij 36'0 Eutluzs otluzsfoo3uz iot fgjrhr vzjjjijt. ~j ug~jzif jf ifrufzjf ju~hrho sfzmotfr j~j sfo sfzj ijio jjf f ju~hrho sjioh )39;.6 rjo1ghj0 lff ij 372 ij rjo1ghj0 ot Su lo zj~vjjoi 376.4 rjo1ghj0 ot SL,. jjjf jj ot~jfstf hf uzojj jzjljzj f vzuihjojo ihjj rf jzjljzjf ju~hrho sj ioh. ijjo rf iosothfzjf ot fjjjflo sf~hzf f gjtjlojohrho htofz. ot jutio!oorj ot jfzj vzjhr vzuih~hrho zfsftj jut~ft0 Xuhlo. ifrufzjf ufrf f gjtjlojohrho f jzj~jh jh 342 ij rjo. vjzluzsftf zjfrokff jjhrh~oi vj ~jfsf jzjljzoo jftof!oo lfgzojfj jh 38.89'0 Eu~hr sfzmotfr sfjos. vjtzh jfzj ~/fz
Xjsf
rf 30222ij
iot hfzj< / otlrhjtf vutijzoo vfzohovfzoo~hz~jruz fzf~j luzsfzjf )zjfrokfzjf, holzjoij flfhjzo<
gv,pO2=;;;8
b) "g
b
XfgjrhL40380
7![82 c_
0iTT VPT0
Pz0 hz0 30 40 50 60 Eolzf ij
/lF0<
F Ef
3
bY
M0Vi
cY
E
30742
30472
M(l(30222A/36.7 8:2
Ltiohfuz
flfjjzo.
jjh3h~oi X0[0C
d,pO
rjo
030222M
d
cM
fV2,pO
Efr
cx
pOY ,.30222
cY
Vhsf iugftkoruz vrfoj /@I0 Xsvzhshhzo. jzjioj lo ifuzoo f~osorfj /o0 Cjoijrj ij jaFruffzj /fJ0
UHbRN[CUH< Sjtzh ftfrokf jlohojtjo hnjrhojroruz hh iugftkorj. horokf sfo shrj suijrj. ihvf hhs hzsjfkf< C0 pO 030222A b b htij<
~j vu
,V"22202 pOc
2=2;;;
pO 030222 A hnjrhojro hh iugftkorj rf 30222 rjo jolzf ij b flfjjzo= c A vutijzjf vfzojovfzoo ~hz~jruz fzf~j rf luzsfzjf b holzjoij flfhjzo= pO A vzuhjthr sjioh o
NCpO o30222A upO
ERPENZbLL< Lt vjzoufif ftfrokff. hnjrhojrorj hh iugftkorj rf 30222 ij rjo holzf ij flfhjzo fh ~hfkh hh 9 rjo Chjf~f jiurhoj vukooif ~j ifuzjfkf zjihjjzoo vutijzoo vfzohovfzoo ~hz~jruz fzf~j )osvzhshhzo lo ifuzoo, 3f zjfrokfzjf holzjo ij flfhjzo. jnofz ifhf ifrufzjf fhj~uzf f jzj~jh ij rf 8:2 soo rjo rf 942 soo rjo0 Szujjthr sjioh fr iugftkoruz )zff sjioj f iugftkoruz, f otlrhjtf tjmfoi jnjrhojrorj jh iugftkorj 3f 30222 ij rjo jolzf ij flfjjzo. ijjzsotfti jzjljzjf fjj~uzf jh 9.7 URP0 pO D0 /o30222A b htij< ,aP /(/(/ c b aP pO- o30222 c rf 30222 ij rjo holzf ij
fr iugftkoruz0
O :
b / 9 rjo
Ef3
pOY bY
aP
A vutijzjf
fr iugftkoruz
b^
Ae
/
Nrjo
iot hfzj< / otlrhjtf jlohojtjo horokfzoo fhoij ruz ij jjvruffzj<
"V,pO2=2;;;b
<<!%
bY
zjihhjzjf hnjrhojroruz hh iugftkorj rf 30222 ij rjo hozf ij flfhjzo hh 38 rjo0 Ejorfro lfhuzo ij otlrhjtf fh fih ht osvfh tjmfoi. ijufzjhj vutijzjf vfzohovfzooosvzhshhzoruz lo ifuzooruz rf lotftfzjf fhoijruz ij jjvruffzj f ijjzsotf hzj~jzjf hnjrhojroruz hh iugftkorj rf 30222 ij rjo holzf ij flfhjzo hh 3 rjh. ofzvzuhjthr sjioh fr iugftkoruz f ijjzsotf hnjrhojroruz hh iugftkorj rf 30222 ij rjo holzf ij flfhjzo hh : rjo0 Sjtzh vjzoufif hzsfufzj ~j zjhuztftif 2 ~jrjhoj sfo zomhzuf~f f ~hz~jruz ij lotftfzj f fhoij ruz ij jjvruffzj. hzjljzjf fvuzhrho ~hz~jruz otjztj rf zjfrokfzjf holzjo ij flfhjzo. vzjhhs lo jlohojtf horokfzoo fhoij ruz ij jjvruffzj0
30 Sj gfkf ifj ruz iot fgjrhr hzsfuz. ftfrokf hnjrhojroruz fljzjtj ijtohzoruz<
~f ~j zjfrokjkj
Pz0 hz0
fr iugftkoruz<
6< Enjrhojro ij jjvruffzj 40 Enjrhojro lotfthofzj 50 Enjrhojro jjhjvoutfrj 60 XRXCN EJHN XZLHNL 70 [jtohzo iot jjvruffzj 80 [jtohzo lotfthofzj 90 [jtohzo jjhjvoutfrj :0 XRXCN [HPLXZUL
Sjzoufif
hhzjtoo )t,
A 0 : rjo / 38 rjo - 3 rjh - : rjo A / 9 rjo ERPENZbLL< Enjrhojrorj hh iugftkorj rf 30222 ij rjo holzf ij flfhjzo fh jiurhf vukooi. ~hfkfti ot vjzoufif ftfrokff hh 9 rjo0Chjf~f jiurhoj lfiuzfgorf ~j ifuzjfkf jjhrh~oi hzjljzoo jlohojtjo horokfzoofhoij ruz ij jjvruffzj frj lozsjo. hfzj fh mjtj=f
jjvruffzj.
Pz0 hz
eXOTN^Y\T
Sjzoufif vzjhjijtoo )t/r, 4:9.7 47:.97 37.:347 34.;597 455.97 427 37.:347 34.2597
Sjzoufif )t, Szjiookh 564 536.86 7.35 44.45 495.473 40690293 7.35 43.27
hhzjtf
60 Zorokfti ifjrj iot fgjrhr httfuz. ~f ~j jljhhjkj ftfrokf jlohojtzjo hnjrhojroruz ifzofgorj lolojj<
30 40 50 60 70 80 90 :0
[jtohzo ufrj iot fhoiofjf ij jjvruffzj [jtohzo iot jjvruffzj fljzjtj tzuihhojo iftihj [jtohzo iot jjvruffzj fljzjtj vzuihhojo ~uhfj [jtohzo iot jjvruffzj fljzjtj vzuihjojo osugorokfj Enjrhojro ufrj ij jjtruffzj Enjrhojro ij jjvruffzj fljzjtj vzuihhojo iftihj Enjrhojro ij jjvruffzj fljzjtj vzuihhojo ~uhfj Enjrhojro ij jjvruffzj fljzjtj vzuihjojo osugorokfj
Pz0 hz0
eXOTN^Y\T
Sjzoufif
hhzjtf
)t,
Szjiokh 30 [jtohzo ufrj iot fhoiofjf ij jjvruffzj. iot hfzj< / fljzjtj holzjo ij flfhjzo Enjrhojro ufrj ij jjvruffzj. iot hfzj< / hnjrhojro ifzofgorj / hnjrhojro lojj Enjrhojro fljzjtj vzuihhojo jljhoi iftihj )holzjo ij flfhjzo,. iot hfzj< / hnjrhojro ifzofgorj / hnjrhojro lojj Szuihhlof vjzoufijo hhzjtj jljhoi iftihf )holzf ij flfhjzo, Lt hu~hzovzjiokoutfj Szuihjof vjzoufijo hhzjtj jljhoi iftihf )holzf ij flfhjzo, Lt vzjlhzo vzjiokoutfj. jjhrh~oi X[C Enjrhojro ifzofgorj zjhfrhhrfj )hu~hzoifzofgorj vzjiokoutfj fljzjtj vzuihxojo jljhoi iftihl, 568 537.7 4;6.7 428.3 ::.6 627 5:9 569 46;.: ;9.4
<
4:2.7 42:.7 94
544 449 ;7
ftfrokf
zfjo ij jlohojtf f (
60
/
/
/ /
58:
50 Vf ~j zjfrokjkj ftfrokf lfhuzofrf f hnjrhojroruz rf 30222 ij rjo holzf ij flfhjzo. vj gfkf ifjruz iot fgjrhr httfuz<
70
5;;.:
80 Pz0 hz0 30 40 50 Ltiohfuzo Eolzf ij flfhjzo jjvzosff Lt vzjhzo ij iftkfzj. jjhrh~oi X[ C /UY T0 Enjrhojro ufrj fljzjtj holzjo ij flfhjzo )xi h, [urhshr jljhoi fr vzuihxojo iftihj. jjvzosff(ot< Sjzoufif Szjifkh 37222 35722 hhzjtf Ujfrokf 38222 36422
44:.7
/UY
,nsU
HS0 oS0
/ /
37722 35;22
70Vf ~j zjfrokjkj
horokfti
~f ~j zjfrokjkj
Pz0 hz
Ltiohfuzo
[jtohzo ufrj iot jjvruffzj.iot hfzj< / fljzjtj vzuihhojo iftihj 40 Enjrhojro sfjzofrj vrh~ fsuzokfzjf. iot hfzj< / fljzjtj vzuihxojo iftihj )holzjo ij flfhjzo. iot hfzj< f, hnjrhojro sfjzofrj iozjhj f, hnjrhojro sfjzofrj otiozjhj. iot hfzj< / fsuzokfzo soprufhj lojj 50 Szuihxof jljhoi iftihf )holzf ij flfhjzo, ot vzjhzo vzjifkhj 60 Enjrhojro sfjzofrj zjhfrhhrfj ot lr3txoj ij iurhshr jljhoi fr vzuihxojo iftihj lo hnjrhojro sfjzofrj vj vzui h~j ghmjfzj. vzumzfsfj ~fh vzjiokoutfj )othrh~oi otiozjhj zjfrokfj, 70 EnjrhojMosfjzofrj iozjhj zjhfrhhrfj ot lhthoj ij iurhshr jljhoi fr vzuihhojo iftihj lo hnjrhojro vj vzuih~j ghmjfzj. vzumzfs fj ~fh vzjiokoutfj 80 Enjrhojro sfjzofrj iozjhj zjhfrhhrfj ot lhthoj ij iurhshM jljhoi fr vzuihhojo iftihj. hut~hsfgorj lokohj jljhoij lo vzjhzorj ij othrhijzj ot hu~hzo ghmjfj vzumzfsfj ~fh vzjiokoutfj
I<
Sjzoufif Szjiookh
Pz0 hz 30
rtiohfuzo [jtohzo iot jjvruffzj )[j,. iot hfzj< / fljzjtj vzuihhojo iftihj )Ef, Enjrhojro ~frfzofrj. iot hfzj< / lutihr ij ~frfzoo)I~, [frufzjf fifhmff )Tf, Phsfzhr sjioh ij ~frfzofo )P~, IutihM ufr ij osv ij shtho(o )X,
627 5:9
635.7 5;:.7
40 50 60 70
Sjzoufif hhzjtoo
-:.
/
/
90 Vf ~j ftfrokjkj iotfsojf lo toijrhr ju~hrho htofz fr vzuih~jruz vzothovfrj zjfrokfj ot jfizhr htjo ~uhojfo jusjzjofrj. ifjf ~j jhtu~j hzsfufzjrj ifj<
Eu~hr htofz )rjo1vzui h~,
483
Pz0 hz
Szuih~hr zjfrokf
>9
426
30 40
3;;.7
50
;7 337 357
;: 342 33:
ftfrokf
vjtzh
Eu~hr htofz )Ljo1z zui h~, Euthhzjtf Szjiokh Ujfrokf :4.7 :7 :2 3: 42 3; 7.48 7.7 8 327.98 666 326.7 4:.7 4; 4: 35;.7 354.7 356.98
330 Vf ~j jljhhjkj ftfrokf hu~hrho sfzmotfr. vjtzh 2 ~uhojfj husjzhofrf Lt hfizhr hfzjof ~/fh rtzjmo~zf hzsfufzjrj jiurhoo<
Pz0 hz0 30 Ltiohfuz Z0O0 Sjzoufif vzjhjijtoo )Su, 862222 :222 4222 8222 39.7 Sjzoufif hhzjto )S, 972222 32722 4222 :722 39.7
;0 Zorokfti ifjrj iot fgjrhr vzjhjijt lo otluzsfoorj hzsfufzj. ~f ~j rtuhsjf~hf ftfrokf vzothovfrjruz hfjmuzooij hnjrhojro0
Pz0 hz0 30 40 50 Ltiohfuz Eut~hs ~vjholoh ,N]Szj ht ofz ,Z )Enjrhojro hh sfjzoo vzosj
/lMR0
Szjiookh 5.4 47 :2
40 50 60 70
Eftofj lfgzohff /F0 Enjrhojro ufrj /HMX0 c5 0 6d Enjrhojro lojj /HK0 Enjrhojro ifzofgorj /HY0 Szj ht ofz /T0
Pz0 hz0 30 40 50
Ltiohfuz Xosvhr tjhj~fz zjfrokfzoo htho suih~ /X0 Vfrfzohr sjioh uzfz /WM0 Enjrhojro hh ~frfzoo iozjhj
/lMW0
340Vf ~j ftfrokjkj jlohojtf hnjrhojroruzhh iugftkorj vjtzh ht fmjt jhutusoh. ifhf ~j hhtu~h hzsfufzjrj otluzsfoo<
.5
.4
Pz0 hz0 30 40 50
[urhshr
/F0
Szjiookh 372 4:
Ujfrokf 396 4;
Vgk}
40 50 60 Vhsf iugfsoruz vrfoj )Vzo, jzjioj lo ifuzoo rsvzhshhzo. f~osorfj /o0 Choijrj ij jjvruffzj /fJ0
Enjrhojro ij zjmoj lo frj hnjrhojro otiozjhj /HMN0 Ltiohjrj jiurh!ojo vzuihhojo =)= ,[,[Y-
3.38
TfTdcpT
lZfnTUcdcnTncc 0 acleZc
fo,vj 5050JxjusSj NoxPjlsusPjPss o ljSj NjPouzN 505030 Cvhtqmh himq mvihiqtqihiqq mjxvxuqjm 505040 Cvhtqmh himq mvihiqtqihiqq jxumjqhtm 505050 Cvhtqmh himq mvihiqtqihiqq nqvhvjqhm 505060 Cvhtqmh himq mvihiqtqihiqq mhjhmtxxvhjvhim j fovj I2[2 JxjusSj NoxPjlsusPjPss o NznQO 506030 Cvhtqmh zxnqijtjqzmzxljh 506040 Cvhtqmh himqxumjqhtm zmzxljh j 506050Cvhtqmh himq mvihiqtqihiqq mhjhmtxjxvhjuhim zm zxljh fovj I2]2 JxjusSj NoxPjlsusPjPss o ljSj QxmPQuQs mNsPsm 507030Cvhtqmh mvihiqtqihiqq ihmh zjvjijtjq jqiqj th zm vqkmtjt nqumq 507040 Cvhtqmh mvihiqtqihiqq ihmh zjvjijtjq jqiqj th vqkmt zm lm zxljh fovj I2/2 JxjusSj omzxzvsmz.psxjxmsjNj jmPsRsPjPoj no mjSjNo 508030 Cvhtqmh mmjtihijtjq mlztxhihm lqv 508040 Cvhtqmh himqmvihiqtqihiqq jxumjqhtm sx PQNsOv .
qv jhm< Tm/ zxnqijtlqv mlztxhihm ]m / kmvqijq mlztxhihm lqv Dpm/ jpmtijqmtq mlztxhihm lm == / zxnqijtumlqj th 3 tmjkmvqijq mlztxhihm)zm, lqv nrsvFNFLCEC
. vss uos.
Lvlqjhixq ]mvqijq lqv mlztxhihm ]mvqijqnqvhvjqhm ]mvqijq mlihxlqvhm ]mvqijq ixihtm Dpmtijqmtq mlztxhihm lm Dpmtijqmtqqvhvjqhm n Dpmtijqmtq lihxlqvhm m Dpmtijqmtq ixihtm Vmmjtihijt mlztxhihqq Vmmjtihijt nqvhvjqh Vmmjtihijt mlihxlqvh Vmmjtihijt iji ht mlmjqiqjtjq Txohuhi 50447 397 322 5722 40997 384 322 50284 672 35 2 65: Vmhtqmhi 505:: 3:9 347 50922 40;47 422 322 50447 685 /35 47 697
Eqvhuqjh ixihJqh zxnqijtjqlqv mlztxhihmnhihlm zmqxhlh zmjmlmvihmhim lhih lm mthiqh< oTm A Tmt / Tmx A 685 / 672 A - 35 uqq tmq lqv jhm lhixqih< ( 30 qvntjmvimq uxlqnqjhqq kmvqijq32 xihtm< i o ]i A )]it / ]ix, zmxA )505:: / 50447, 672 A -45 uqq 50447
OzNvQuj no mjumQuC dN A NJ . NrouPQsousjpoNoxPo NJ aznouQu no jxjusSj pjmPzNsjujC T A O~z / O~j. qv jhm<~ / zxljjiqh khvljih= j / jxhij3 jxuztmi jvqih= / zmijtlm khvmhm thh Z]C0 z nrsvFNcLCIC - iOORNOLvlqjhixq Dqnhlm hnhjmq Dpmtijqmtqnmmvim h jqnmq hnhjmq lm Dqnhlm hnhjmqjjmvih mlzquhih qv jxhijq zmjmlmvim Dqnhlm hnhjmqjjmvih mlzquhih qv jxhijq zmjmlmvim Txnqijfhnmmviqnmq hnhjmq j lm Tmqxhlh LMmjmlmviqq 6470222 4650222 Tmqxhlh jjmviqq 69:0222 4:40222 4740322 4850622 3;80222
40 qvntjmvimq uxlqnqjqtqqzxnqijtjqumlqj th 3 tmj kmvqijq lqv mlztxhihm< ozm A ]it )zm= uqq tmq DSRDO[cLL< 0Polqnqjomh zxnqijtjqlqv mlztxhihmh/h lhixhi jmoimqq kmuijL32lu mlztxhihmnhihlm zmqxhlh zmjmlmvih0 Lvlqjmtm lm jmoimm kmvqijqtxlqv mlztxhihmh nxhiuhq uhm lmjhi h qvlqjmtmlm jmoimm jpmtijqmtqtxlm mlztxhihm. jmmh jm h h lmimuqvhi ztjh lm zxnqimohtjj 35 uqq tmq0 jv Txnqijtumlqj th 3 tmjkmvqijq mlztxhihmqvmoqhimhmh lqv x joxhh mljjmm.jhm hmhxtlmhmh jj 2 uqjoxhm h zxnqijtjq hnmmvi hjiqkqihiqqm mlztxhihmlm 32 uqq tmq. jh juhm h l uxlqnqjhqq hijjijqqkmvqijqtx th jhm vqkmtjt zmjmlmvi ht zxnqijtjqth 3 tmj kmvqijqlqv mlztxhihmmhim uhq uqj lmjhi khtxhmh umlqmzmixihtnuvh0 Xmmjxuhvlh 2 jmoimm zxljjiqmq khvljim oqh mljjmqq h jxhijqtx jvqihm0
1
A / 32
/
3:40222
VFcSO]CVF< NQjxPspsmjNoj sxtuQoxuos pjmPzNsuzN Oo pjmo QPsusSjxn voPznj OQlOPsPQsNsuzN sx ujxP Eqvhuqjh ixihthzxnqijtjqhnmmvi jqnmq hnhjmq< lm q3TA Tt / Tx A 3;80222 / 3:40222 A - 360222 uqq tmq.lqv jhm lhixqih< 30 qvntjmvimq uxlqnqjqtqqkxtjujtjq zxljjiqmq< o~ ATxlt~/TxATxl)L~ /3,A 3:40222l)7;.6/3,A / 950:;4 uqq tmq. L~/ qvlqjmtmzxljjiqmqkhvljim L~A CXe3c
CXecc
nto A )4<~LTS 4<~tDS, Tx l L~ A )4740322 / 4850622, g / l 3:40222 l 7;.6% A / 33;062: uqq tmq 50 qvntjmvimq uxlqnqjhqq jxhijtjq jvqiht(< ntj A )4<ULTS 4<~LDL,)4<~tTS 4<UtDS, / )4<ULDL / / / A / 4<ULDS, A / 3:0822 uqq tmq 60 qvntjmvimq uxlqnqjhqq zmijtjqlm khvmhm< ntz A )4<ULTL4<Utjt, / )4<ULTx 4<ULDt, )4<ULTL4<ULTx, / / A / A 69:0222 / 4740322 0 -4470;22 uqq tmq DSRDO[cLL< Xmjxvhihih jh hjhh lm jmoimm zxnqijtjqhnmmviqnmq h j lm hnhjmq 2 mzmmqvih jmoimmhzmijtjq lm khvmhm h zxljhmtx. jmmhjm qvhmhuvh jh th hvljt mqDC h jmhjji zqv zmioqvj zqv jhviqihim0 Hquh h nhjji mnxijq hmvhjtjmoimqq qv jhtqihiqqxljhmtx z lmhiqvhim khvmhqq. hjmhim mnxijq mntmjihvlj/hm qvi/x jmoimm h jxhijqtx jxuztmim jvqihm0 Dmoimmh jxhijqtx h nxhiqvhh rjhiqnqjhih 2 jmoimm lm qvi/jv qiu ujti uhq hzql h zmijqtx lm khvmhm. xlhih jj jmoimmh jhtqihiqqxljhmtx0 Rmrjhiqnqjhih z mhim qvhh uxlqnqjhmh hijjijqqzxljjiqmq khvljim. qv hmvhjt mljjmqq zxvlmqq zxljhmtx jj jv vqkmt uhq hjhmji ht zxnqijtjqlmjhi jmt zmjmlmvi.lmimuqvhvl qv nqvht 2 mljjmm quzxihvih h zxnqijtjq hnmmvijqnmqlm hnhjmq. mohth jj 33;062: uqq tmq0 Xmmjxuhvlh umviqvmmh jv vqkmt hjhmji h jxhijqtx lm th zxljjiqm nhh h hnmjih qvhh jhtqihimhzxljhmtx. jmoimmh kxtjujtjq khvmhqtx zqvi/x lqumvhqxvhm jxmjih h zxljjiqmq hihilqv zjvjijt lm kmlmmht jhviqihiqq khvljim jhi oq h hijjijqq hjmhimqh. jhm hh hhqojm nqumq hiqvommh mvihiqtqihiqq zmkhmjim0
LCLCEC THrFEPr KrMvE KvHMrsEFEMrMEEvtIHIGEtv OzNvQuj no mjumQuC dl VmA / l 322 JP aznouQu no jxjusSjC gP dl VmA / l /. ujhm< JP gP ]i / kmvqijq ixihtm= Ci / hjiqkjt ixiht=
C
gP i kqimmhlm xihiqm hjiqkjtjq ixiht= h JP 7,;, k /fo / hihmvih 3 Lihittmu ,>? x0 v,= gP
A BB
nrsvFNcLCLC - iOORNOLvlqjhixq Cjiqkm nqlm Cjiqkm jqjjthvim Cjiqkm ixihtm ]mvqijqixihtm Txnqiiji Tmqxhlh xmjmlmviqq 40568 30768 50:;4 80332 75: Tmqxhlh jjmviqq 30;;6 50342 70336 8072: 8:4
VFcSO]CVF< NQjxPspsmjNoj sxtuQoxuos pjmPzNsuzN mzxpzNv voPznos OQlOPsPQsNsuzN sx ujxP 2 s ntVm A VmL/ VmxA 35.5% / 35.:% A / 2.7 bt. lu jhm lhixqih< 0 30qvntjmvimq uxlqnqjhqq kqimmmqm xihiqm hjiLkm ixih3m< l h tx
dl TTI(J RP
40 qvntjmvimq uxlqnqjhqq himq mvihiqtqihiqqmvqijqtx k ixihtm< T dl 0 gPu @ (dlu i dlc /, A 3.48 l )2.32 / 2.2::, A . gP JPu gPu gPc 4.4% DSRDO[cLL< Xmmuhjh 2 mljjmm h himq mvihiqtqihiqq mjxvxuqjm jj 2.7% lqvhuqjh hzmjqhihjh nqqvlvmohiqkh0 ( Eqv hvhtqmh nhjixqhthmmjtih < mljjmmh kqimmmqm xihiqm l h hjiqkjtjq. jmmh jm qvhmhuvh < jmoimm quxiqtqmhqtx. oh h mmjtihi ht mljjmqq kqimmmqlm xihiqmh hjiqkjtjq ixiht0 Vmvihiqtqihimh kmvqijqtxh hzxqiqvi/jv zxjmvi mthiqkmljh )4%, jhm h jxvihihthvhhi qvi/x xhmjhm uhhjl mnmjimtm vmohiqkm htmqvjmiqvqqq kqimmmq xihiqm0 lm Phhjqtm jhm h zjimh mlohh hqijhiqhmvihiqtqihiqq mjxvxuqjm hjvitmohim lm< ( . mljjmmhhixjjqtx lm zxljhm nqvqimqvmimuqvhim= o mljjmmhkhtxqq qvkmhiqiqqtx jjh lm mlmjjiqm( qv 0 0 0 jmoimmhhhumiqtx lm njvjiqxvhmh qvkmhiqiqqtx z qv jjh lm lmjthm= . . mljjmmhhxtljqtx jxvijtjq lm jmhvim. ij0 m
aznouQu no jxjusSjC Vj A O<~z/ O<oj l 322 O<~z . qv jhm< O<~z jqnh lm hnhjmq / O<~j jpmtijqmtqnmmvim / h jqnmq hnhjmq lm nrsvFNcLCMC - iOORNOLvlqjhixq DC DpmtijqmtqnmmvimC h D DC jjmvih mlzquhih qv zmijqtm zmqxhlmq zmjmlmvim DC jjmvih mlzquhih qv jxhijqtmjvqihmzmjmlmvim Txnqihnmmvi C D Tmqxhlh zmjmlmvih 6470222 4650222 Tmqxhlh jjmvih 69:0222 4:40222 4740322
/
2
3:40222
4850622 3;80222
VFcSO]CVF< NQjxPspsmjNoj sxpuQoxpos pjmPzNsuzN mzxpzNv voPznos OQlOPsPQsNsuzN 8= ujxPC oj A VDL/ Vjx A 41 - 65 A / 4%. lqv jhm lhixqih< 30qvntjmvimq uxlqnqjhqq hijjijqq zxljjiqmq khvljim< oo A iotUr4/<0i;3;4/ l 322 / oog l 322A 47403 / 4850622 22 O<~tTx O<~xTx 4740322 l 322/VjxA A / 7% / 65% A / 6:% 40 qvntjmvimq uxlqnqjhqq zmijqtxlm khvmhm<
322
A4740t22/4850622l 4740322
322A 67%/)/7%,A72%
OzNvQuj no mjumQuC iK UjpoN/NJ 322 Vji 0 //////l NrouP/jpoN/NJ aznouQu no jxjusSjC Vji A o~z / o~j l 322. qv jhm o~z / jqnh lm hnhjmq.o~j / jpmtijqmtqnmmvim h jqnmq hnhjmq0 lm o~j nrsvFNcLCNC - iOORNOFHuEtrMIKE DC DpmtijqmtqnmmvimC h D DC jjmvih mlzquh[q Lv zmijqtm zmqxhlmq zmjmlmvim DC jjmvih mlzquhih Lv jxhijqtmjvqi hmzmjmlmvim Txnqihnmmvi C D ivKEIrur JKvtvuvHMFE 6470222 4650222 ivKEIrur tNKvHMFE 69:0222 4:40222 4740322
DSRDO[cLL< Pxlqnqjhmh himq mvihiqtqJqiqq jxumjqhtm )mljjmmhmq,hm mlztqjh zqv nhjixqqjhm oq/hj hljh hzxijt nqm hmvhzxmqiqk qv nqm hmvhvmohiqk0 qv Chinmt< / hijjijh zxljjiqmq khvljim h/h uxlqnqjhi qv hmvhjt jmoimqqxvlmqq hjmtx zxljhm h jhx hih jxumjqhth zm z zxljh mhuhq uqjh lmjhi mvihiqtqihimh jxumjqhth th vqkmtjt zmqxhlmq zmjmlmvim vqkmt lm nquh0 Cjmhhih h lmimuqvhi2 th mljjmmh Vj jj 6:%0 Cvhtqmh hjmhimqvntjmvim q imijqm nhjjih qv hihvhh tmohijh jj jhjmmtm jhm hj lmimuqvhi/x0Ehjh uxlqnqjhmh hijjijqq h hkji txj jh juhm h nhzijtjq jh zxljhmtm mhzmjiqkm hkmhj lmhnhjmmh hhqojhih.hijvjq hjmhhih zxhimnqjxvhqlmhihjh rjhiqnqjhih0 mmjxuhvlh jh uxlqnqjhmh X hijjijqq zxljjiqmq hh hmnhjh qv jhljt hjmtx zxljhm ht jhx hzxi lqvimjmmm oqxnmih mhim nhkxhmhjmmqq0 qv / jxhijt jvqih. zqv jmoimmh vmoqhihihv jxmthiqmjj q q mljjmmh kxtjujtjq nqmqj ht zxljmiqmqjxvjjh vmohiqk th mljjmmhkhtxqq himqmvihiqtqihiqq jxumjqhtm0 / zmijtlm khvmhm h hkji qvhh < mkxtjiqm nhkxhiqth jhm h lmimuqvhijmoimmhj 72% h himqmvihiqtqihiqq j jxumjqhtm zqv jmoimmh jhtqihiqqzxljhmtx oq h zmijtjq zxljhmtx lqnmmviqhim jthhm lm jhtqihim jmhjji zxvlmmh zxljhmtx zm )h lqv jthhm lm jhtqihim hjzmqxhh,0
/
3:40222
4850622 3;80222
VFcSO]CVF< NQjxPspsmjNoj sxpuQoxpos pjmPzNsuzN mzxpzNv voPznos OQlOPsPQsNsuzN QxujxPC oVji A Vji! / Vjix A 92 / 97 A / 7%. lqv jhm lhixqih< 30qvntjmvimq uxlqnqjhqq hijjijqq zxljjiqmq khvljim<
i30o o34o;O A
oDr, /
A/ 7 / 97 0
1D (/(
322/ og ,(vtt4UopU00
XNRuNt)/
OjL0!jt A92/)/33,A-:3%
O(ttjt
4:40222
DSRDO[cLL< Vmljjmmh himqmvihiqtqihiqq jxhijqtx lmuxvhimhmh 2 qvmnqjqmvih jiqtqmhmh mhjhmtxjhm hm lhixmhmh qvntjmvimq vmohiqkmmlmjqihim uxlqnqjhmh hijjijqqzxljjiqmq qq h lm jxhijqtx jvqihm. mjju qqh qvntjmvimq z zxmqiqkmh zmijqtxlm khjmhm0 Cjmhhih hm mlztqjh zqv mljjmmh zxvlmqq zxljjiqmq khvljim. mhzmjiqk h hjmtx zxljhm h jhx mvihiqtqihim h jxhijqtx zm zxljh mhim uhq uhm lmjhi hih mvihiqtqihiqq jxhijqtx lqv zmqxhlh zmjmlmvih0 Xmjxvhihih jh mvihiqtqihimh h jmhjji lxh zm ihmh zmijqtxlm khvmhm. hqijhiqm jhm vj jxvljjm th umviqvmmh zxmqiqmqnqumqzm zqhih. Lv jxvlqiqqtm mjpqtqihqqjmmqq xnmimq h hzhqiqmq vxq zxljhm. lm qq hhj lm hjihiqiji.hhj vxq jxvjjmviq0Tqv juhm mhim hihxtji vmjmhh hh nqm hlxzihimuhhjq lm mljjmmh jxhijqtx lm zxljjiqm Lv kmlmmhmvihiqtqmhqq jiqkqihiqq0 h
aznouQu no jxjusSjC gP JP dx" VnA /l /l /. ujhm< JP T gP ]i / kmvqijq ixihtm Ci / hjiqkjt ixiht Nz / jhzqiht zmuhvmvi gP i kqimmhlm xihiqm hjiqkjtjq ixiht h JP !:, 0 o /JP / zho Lhnq uhvDthh
c
dx i mvihiqtqihimh vmihh kmvqijqtx gP nrsvFNcLCOC - iOORNOLvlqjhixq Cjiqkm ixihtm ]mvqijqixihtm Dhzqiht zmuhvmvi Txnqivmi ]itCi Ci1Nz TvtNx Tmqxhlh Ltmjmlmviqq 40852 60287 40272 563 3.76 3.4: 38.8 Tmqxhlh jjmviqq 40::7 60492 30;52 575 3.6: 3.6; 3:.4
VFcSO]CVF< . NQjxPspsmjNoj sxtuQoxPospjmPzNsuzN Oopjmo mzxpzNv voPznou OQlOPsPQsNsuzN sx ujxP " T oVnA Vn= 1 Vnx A 3:.4 / 38.8 A . 3.8 %. lu jhm lhixvih<
EDL
=2qvntjmvimq uxlqnqlqqq kqimmmqm xihiqm hjiqkm ixihtm< l h tx o ]i1Ci A )]itt Cit / gPzu Cix, l CixtNzx l dxz0gPz l 322 A )3.6: /3.76, @ 3.4: @ 2.2:5 A / 2.8 % 40qvn3jmvimq uxlqnqjhqq zhopqmqnqvhvjqhm< PitNz 0 ]it1Cit) JPu0Tu . CixtNzx, l dxz0gPz l 322 0 3.6: @ )3.6; / 3.4:, @ 2.2:5 0 - 4.8 % 50 qvntjmvimquxlqnqlqqq himq mvihiqtqihiqq vmim h kmvqijqtx< oTvt]i IgPu0JPu l Cit1NzL )TvL1]it / dxz0gPz) 3.6: l 3.6; l )2.2:4 / 2.2:558, A / 2.4 % l =<< A
OzNvQuj no mjumQuC T 0 DC / jpmtijqmtqnmmvimC h D aznouQu no jxjusSjC T 0 ~k )z/j,. qv jhm< ~k / zxljjiqh khvljiqq z / zmilm k>3vmhm j / jxhijt jxuztmi jvqih
DSRDO[cLL< Vhih mvihiqtqiha nqvhvjqhmh jmhjji zm hmhuh zhopqmq nqvhvjqhm.lh hjmhhihmhim omvmhthzmjqhihqv jxmthiqm qv jj xihiqhhjiqkjtjq ixiht. jmmh jm qvhmhuvh jh nquh. jiqtqmhvl hjhmquzjujihim lm nqvhvihm. tm/hquxiqtqmhi qv hjiqk. jmmhjm h jxvljh th qvjmiqvqmh kqimmmq lm xihiqm0 tx ]qimmh lm xihiqm nqqvl uhq tmvih.h lmimuqvhi2 mljjmmh (mnqjqmvimq jhzqihtjqjq qvkmhiqi0 Vmvihiqtqihimh vmih h kmvqijqtx ixihtm.jhm mntmjiqqv q mhmvih nqjqmvih m hjiqkqihiqq mlztxhihmh/h lquqvjhi jj 2.3%. lm jmmhjm jxvhiqijqm mtmumvi vmhqojhvih jv lm zmvij hjiqkqihimh kqqixhm oqjhm < zxhimhqijhqvi/x zxmqiqmlmmhkhvihrxhhh nhih lm jxvjjmviq. qv jxvlqiqqtmqv jhm khtxhmh mqhmumviqvmhji umlqh zm hmjixjtlm hjiqkqihim jhm njvjiqxvmhmh qv 0 2
tvlqjhixq ]xtjujt nqmqm zxljmiqmq ht kqqvljim)ijm, Tmijtlm kqqvmhmjvqih)tmq, Dxhi mxuztmi jvqih )tmq,
VFcSO]CVF< NQjxPspsmjNoj sxpuQoxpos pjmPzNsuzN mzxpzNv voPznos OQlOPsPQsNsuzN nv ujxP oT A Tt / Tx A 30;22 l )55.7 / 46.4, / 30822 l )55 / 46, A -50492 tmq.lqv jhm lhixqih< 30qvntjmvimq uxlqnqjhqq kxtjujtjq zxljjiqmq khvljim< o~k A )~]L / ~kh, l T( A )30;22 / 30822, l )55/46, A 522 l ; A 40922 tmq.jvlm< T( A zxnqizm jvqihimh zxljh lm T( 0 )zkh / jx, 40 qvntjmvimq uxlqnqjhqq jxhijqtx jxuztmim jvqihm< oj A / ~kf )DL/ jx, A / 30;22 )46.4 / 46, A /5:2 tmq 50 qvntjmvimq uxlqnqjhqq zmijqtxlm khvmhm< oz A ~kf )TL/ Tx, A 30;22 )55.7 / 55, A -;72 tmq
DSRDO[cLL< Dmoimmh kxtjujtjq lm zxljhm khvljim qvntjmvimhmh lqmji zxnqijtzm zxljh oqhvjum qv hmvhjtjmoimqq hjmhijqh 40922 jj tmq)jhviqihimh zxljhm lqvi/jv hxiqumvijmoim 522 lm lm jj ijjqtiq zmvij jhm zxnqijt zm jvqihimh zxljh mhim lm moht jj zxnqijtzxohuhi zm jvqihimh zxljh. hlqjh ; tmq,0 lm Dmoimmh jxhijtjq jxuztmi jvqihh lmimuqvhi mljjmmh < zxnqijtjq mohth jj 5:2 tmq jmmh jm hm mntmmihmohiqk qv v qvlqjhixqqlm zmnxuhvih hqnqumq0 Dmoimmh zmijtjqlm khvmhm hmmlztqjh zqvi/x jmoimm h jhtqihiqq zxljhjtjq. jhm h lmimuqvhijmoimmhhvmhqtx oq. k zqv juhm. h zxnqijtjqhnmmvijmhixh.th vqkmtjt zxljhjtjq. h qv jxvlqiqqtmqv jhm qvlqjmtmlm jmoimmh jxhijtjq jvqih mhim qvnmqx vlqjmtjq lm mmoimmzmijtjqlm khvmhm )t22.:% > q h 323.7%,0
NQjxPspsmjNoj sxpuQoxpos pjmPzNsuzN mzxpzNv voPznos OQlOPsPQsNsuzN sx ujxpC 'z A ze / zx A :.:% / 32.;% A / 4%. lqv jhm lhixaq< 30qvntjmvimq uxlqnqlqqq zmijtjqlm khvmhm< O3zA )3 / nUg, l 322 / )t / nUM l 322 A ) 3 / 872 , l 322/ )t / 872, @ 322 A TL zx 977 952 A/36/33A-5% >2 qvntjmvimq uxlqnqjhqq jxhijqtx jxuztmim jvqihm< O3jA )3 / nt, l 322 / )t / nUn l 322 A ) 3 / 8::, l 322/ )t / 872, @ 322 A TL TL 977 977 A;/36A/7% DSRDO[cLL< Vmvihiqtqihimh khvmhqtx zm zxljh hm mljjm mj >% jh juhm h hjiqjvqqlqnmqimjmtx lxq nhjixqlqmjiq< h 0 0 qvntjmvih zxmqiqkh mlmjqihihm uxlqnqjhmh zmijtjqlm l khvmhm )-5%,= qvntjmvih vmohiqkhh uxlqnqjhqq jxhijtjq jvqih)/7%,0 lrMr KvHMrsEFEMrzEE KvLNKLvFIK tIHLNGrMv JKIuNL .Kt1 Jv
T
aznouQu no jxjusSjC z A 34000<0000n/l z A )t / 0p00,l 322. qv jhm< 322 hhj 8 z T / zmijtlm khvmhm j / jxhijt jvqih nrsvFNcLCPC -RNO Lvlqjhixq Tmilm khvmhm Dxhi jvqih Tmqxhlh zmjmlmvih Tmqxhlh jjmvih
51) 43)
533 466
OzNvQuj no mjumQuC j A 3400A000p 3 22 l j aznouQu no jxjusSjC j A tt0A0p00b322 hhj z A )34/ LMl 322. qv jhm< j j z / zmijtlm khvmhm j / jxhijt jvqih
nrsvFNcLCRC -RNO Lvlqjhixq Tmilm kqqvmhm Dxhijvqih Tmqxhlh zmjmlmvih Tmqxhlh jjmvih
nvGr LCNC THrFEPr KvHMrsEFEMrJE Jv srPr JNHtMNFNE tKEMEt LCNCEC THrFEPr JKrDNFNE uv KvHMrsEFEMrMv Fr HEOvFuv JKIuNL Xmlhj juhixhmtmkhtxq< zmilm khvmhm )z, 0 7 tmq1ijj= jxhi khqhiqt jvqih)jk, 0 4.7 tmqtijj= DH A jpmtijqmtqqlm n ixihtm A 97 uqq tmq= D] 0 jpmtijqmtqhqhiqtm ixihtm0 334.7 uqq tmq= k zxljjiqh uhlquh )~uhl, A 670222 ijj0
51) 43)
533 466
VFcSO]CVF< NQjxPspsmjNoj sxtuQoxpos pjmPzNsuzN mzxpzNv voPznos OQlOPsPQsNsuzN sx ujxN oj A DL jx A ;.9% / 34.5% A / 4.8%. lqv jhm lhixqih< / 30qvntjmvimq uxlqnqjhqq jxhijtjq jvqih< oj 0 (3;e . 3, l 322 / (3;e . 3, l 322 A 8 /34.5 A / 8.5% DL Dx 40qvntjmvimq uxlqnqlqqq zmijtjqlm khvmhm< oTA)343/L,l 322/)34U/t,l 322A ;.9/8A-5.9% DL DL DSRDO[cLL< Vmvihiqtqihimh mhjhmtxxvhjuhim zm zxljh hmmljjm jj j jqjh 4.8% jh juhm h hjiqjvqqlqnmqim jmtx lxq nhjixq h lqmjiq.oqhvjum< / qvntjmvih vmohiqkhh jxhijtjq jvqihjhm h lmimuqvhi< mljjmm jj jqjh 8.5% h himq. mmhjm mntmjih qvmnqjqmvih j 2 nxtxhqm mhjhmtx himqhtm h u oqjuhvm= / qvntjmvihzxmqiqkh h zmijtjq lm khvmhm )-5.9%, ht zxljhmtx xiiqvjim. nqmjh juhm h jmoimqqmmqq.nqmht j jmoimqq zxvlmqqzxljhmtx jj jhtqihim hjzmqxhh0
ijj0
30 zxljjiqh jqiqjh )~mqi, DH A 970222 A 520222 T / jk 7 / 4.7 Xmjxvhihih jh th 2 zxljjiqm lm 520222 ijj0. nquh qoq hjxzmh qvimoht jpmtijqmtqtm)kmvqijqtm hjvi mohom jj jpmtijqmtqtm. zxnqijtnqqvlmmx, hiqvohvl zjvjijt lm mjptpij0 Ihljt lm jiqtqmhmh jhzhjqihiqqlm zxljmiqm qv zjvjijt jqiqj )smqi,< sjqi 9<56 322 A 520222 l 322 A 89% A ~uhl 670222 40 Txnqijt uhlqu jhm hmzx himxiiqvm jiqtqmhvl qvimoht jhzhjqihimhlm zxljjiqm )s A 322%, mhim lm mthiqh< lhi Tuhl A ~uhl )z / jk, / 23 A 670222 )7 / 4.7, / 970222 A 59.7 uqq tmq 50 Tmvij mhtqmhmh jvjq zxnqi zmkqmqxvhi )Tx, hm jiqtqmmhmhjuhixhmh mthiqm jhtjjt h zxljjiqmq< lm Tx A 5:0222 tmq ~( 0 DH - TxgA970222 - 5:0222 0 640222 ijj0 z / jk 7 / 4.7 s( A ~(1~uhl A 6402221670222l 322 0 ;5%
Tmvij h xiiqvm jv zxnqi lm 5:0222 tmq mhim vmjmhhh mhtqmhmh jvjq vjuh lm 640222 ijm0. hlqjh jiqtqmhmh jhzhmqihiqq zxljjiqm qv zxzxiqmlm ;5%0 lm 60 DCmqi A DH A 970222 A 970222 A 347 uqq tmq 3 / X7,XT 3 / 2.62 2.82 ]xtjujt ixihtht khvmhqtx. jhm hhqojh hiqvommh zhojtjq lm mvihiqtqihim him 347 uqq tmq.khtxhm lm th jhm nquh m lm qvmmzm xiiqvh imvmnqjqq0 hh 507030Cvhtqmh zhojtjq lm mvihiqtqihim qvimkhtjtjq oqh lm hqojhvihth vqkmtjtnqumq ZhimtjL50320
Rqkmtjt lm mvihiqtqihim mhtqmhi lm nquh vj hhqojh jv qvimkht lm hqojhvih hjnqjqmvi zmvij h nhjm nhih qvntjmvimtx vmnhkxhiqtm mlmjqihim mlimqxhhjzh ummhvqhujtjq lm lqv njvjiqxvhmh hjmhimqhmlmuztm<uhrxhq lm zmijqth uhimqq ) zquo oquhimqhtm.qvlmlhq lm hhthqq.qvnthiqm. mij0,0 Lvimkhtjt lm hqojhvihuqvqu hmhqijmhmh qvrjjt khtxqq lm 45%0 Zmuh 5080 Cvhtqmh mvihiqtqihiqq ijqhu )hjiqkqihimh qv lm jhmhm, Zhimtjt30
. vss uos.
Lvlqjhixq Rjuh ijqhiq Ejhih hmrjjtjq Rjuh/mqtm/ijqhi Zhqn tmq Dxhi/tmq Dqnhlm hnhjmq Txnqi Zhqn mjhtjjMhi Dxhimjhtjjthi Tmqxhlh zmjmlmviqq Tmqxhlh jjmviqq
/ vss uos1
2
Lvlqjhixq Dqihlm hnhjmq)DC, Dpmtijqmtq hnmmvim jqnmq hnhjmq lm jpmtijqmtqhqhiqtm )Dk, k / jpmtijqmtq qlm)Dn, n /
]htxhm
/
1
VFcSO]CVF< Thojt lm mvihiqtqihim )TV, mhim lhi lm mqnhlm hnhjmq jqiqjh )DCmqi,< DCmqi LZ// A 305:2 0 305:2 0 80;22 uqq tmq0 3 / Dk 3 / 80;82 3/2.: DC :084: Thojt lm mvihiqtqihimnxhimhtqmhiqvrjjt lhimqlm 3;032 h ) 80;22 l 587 A 4;4 , oqh nxhi:084: hiqvhth khtxhmh DC lm 80;22 uqq tmq.khtxhm lm th jhm nquh qvjmzmhh lmkqvh mvihiqth0 Lvimkhtjtlm hqojhvihmhim lmimuqvhi ihmh mthiqmq< zm LhA )t o fj,XT( l 322 A )3 / <)N..,I)<0I( l 322 A )t / 2.:2, l 322 A 42%0
508030Cvhtqmh zxnqijtjqlqv mlztxhihm hjiqkqihimh qv lm ijqhu aoPznj NomzvjxnjPj oOPo jxjusSj tjmPzNsjuj/ aznouQu no jxjusSjC T 0 Rim - DC1Rim - faXT Djhviqnqjhmh qvntjmvimtxnhjixqtx hm nhjm nxtxhqvl umixlh hjihiqijqqtx v thvir q ) A TL / Tx A 33862 / 9;42 A -50942 uqq tmq.lqv jhm lhixqih< 32qvntjmvimq 0 uxlqnqjhqq vjuhjtjq lm mqtm1ijqhi<
oRim A )RicL/ Rimx, b NJzubPSz b dz0NJz A -;28 uqq tmq. lqv jhm lhixqih< 3030qvntjmvimq uxlqnqjhqq vjuhjtjq lm ijqoiq< oRi A d)Rit / Rix, b Ehxf b NJzubPSz b dz0NJz A -60264 uqq tmq 3040qvntjmvimq uxlqnqjhqq ljhimqumlqq h hmrjjtjq< Bh A Rit b )Eht / Ehx, b NJzubPSz b dz0NJz A /50358 uqq tmq 40 qvntjmvimq uxlqnqjhqq qvjhhhqqumlqq zm Ss0PQNsOPC TNJubPS A RicL b )DCttRimt / NJzubPSz) b dz0NJz Q -967 uqq tmq 50qvntjmvimq uxlqnqjhqq zxnqijtjqth tLmj jqnh lm hnhjmq< aQNJ A Rimt b DCttRimt b )TtqDCt / dz0NJz) A -4028; uqq tmq DSRDO[cLL< Lv hjiqkqihimhm jhmhm h hvjtjq jjmvi h/h qvmoqhihiv l j ztjh lm zxnqimoht jj 50942 uqq tmqjhm hmlhixmhmh jmoimqq vjuhjtjq lm Ssuo0PQNsOP );28 uqq tmq,.jmoimqq qvjhhhqqumlqq zm mq1ijqhi967 uqq tmq,oqh jmoimqq ) zxnqijtjqth 3 tmjjqnh lm hnhjmqjj 4028; uqq tmq0 Dhqtmlm jmoimm zxnqijtjqhjvi jmtmmjxuhvlhim. hlqjh h jmtmlm vhijh qvimvhqkhqvi/x jmoimm jhtqihiqq mkqjqqtxoq z h h h hihvlhljtjq hjiqkqihiqq jhmhm0 Emoq ljhih umlqm h lm hmrjjtjqh qvmoqhihi hjhlmm nhihlm zmqxhlh zmjmlmvih.2 2 xnmtqh ijqhiqjh uhq hihjiqkh h lmimuqvhi jmoimmh jxvjxuqimvih h vjuhjtjq lm ijqoiq th 94 uqq th ;9 uqq. jmmh lm jm h jxvljh th jmoimmh zxnqijtjq zqv jmoimmh khtxqq qvlqjhixjtjqvjuh/mqtm/ijqhi0
aoPznj NomzvjxnjPj oOPo jxjusSj pjmPzNsjuj/ aznouQu no jxjusSjC VjA)3/RimbjtRimbi,b 322 Djhviqnqjhmh qvntjmvimtx nhjixqtx hm nhjm nxtxhqvl umixlh hjihiqijqqtx v thvi0 q oj A VDL/ Vjx A )3 / 1<:<.,:I0..( b 322 / )3 1/C<.,1N<I.( b 322 A -6%. lqv jhm lhixq[q< 30qvntjmvimq uxlqnqjhqq ihqnjtjq1mq/ijqhi< oi A )3 / RicLb jxtRimt b it, b 322 / )3/Rimx b jxtRimx b ix,b 322 A -5%. lqv jhm lhixqih< 3030qvntjmvimq uxlqnqjhqq hijjijqqjmmqqlm jhmhm zm jhimoxqq jxvnxi< lm ooq A )3 / Rimt b jxtRimt b i, b 322 / )L/Rimx b jxtRimx b ix,b 322 A /4% 3040 qvntjmvimq uxlqnqjhqq ihqnmtx vonss0Ss.PQNsOP zm jhimoxqq jxvnxi< lm oiqA )3 / Rimt b jxtRimt b it, b 322 / )3/Rimt b DStRictb i, l 322 A -7% 40 qvntjmvimq uxlqnqjhqq jxhijtjq jvqih< oj A )3 / Rimt b DttRimt b it, b 322 / )3/RicL b DStRimtb it, b 322 A /9% DSRDO[cLL< Pxlqnqjhmh otxihth h himqmvihiqtqihiqq jxumjqhtm qv hjiqkqihimh jhmhm mhim mqiq qvmoqhihvlj/hm jmoimm lm zx kh. 2 h khtxqq hjmhimqhv zmqxhlh jjmvih nhihlm jmh zmjmlmvihjj q 6 zjvjim zxjmvijhtm. jh mmjtihi ht hjiqjvqq jxvrjohim h nhjixqtx jj qvntjmvihqmjihqqqvlqmjih0 l Lvntjmvihmlmjqihihlm mkxtjiqh ihqnjtjqlm jhmhm mhim hzmjqhihjh nqqvl zxmqiqkh zmvij jh lmimuqvh jmoimmhhimq jxumjqhtm jj 5%0 Cjmhhih jh juhm h jmoimqqhqnmtx m i z jhimoxqq lm jxvnxi qv jxvlqiqqtm qv jhm jmmmhzmvij
lqnmqimtm jhimoxqq jxvnxi h/h uxlqnqjhi qv hmvhjtjh hj nxhi lm zmnmhim hmkqjqqtm ihqnm uqjq0 Dh juhm h/h qvmoqhihi th uhq x zqmlmm zxnqimohthjj 4 zjvjim zxjmvijhtm0 lm Fkxtjiqh jxhijqtx umlqq h nxhi lm vhijh hh mljjh khtxhmh himqmvihiqtqihiqq jxumjqhtm jj 9% qv zmqxhlh jjmvih nhihlm jmh zmjmlmvih.ht jhx qvlqjm lm jmoimm nxhi h hjzmqx qvlqjmtjq ihqnmtxzhjiqjhim0Tqv juhm. mnxijqtm nqvhvjqhmhtm nqumqvj hj nxhi hjxzmqim.qvmoqhihvlj/hm 2 zqmlmm0 Xm mjxuhvlh qv mihzh jhm jumhmh lmmkxtihmh zhjpmimtxlm hmkqjqqhihjiqkmzmvijijqoiq oqmlqmmiqxvhmh mhjhmtxhimhhiqhnhjmmh j zmnmqvimtx ijqoiqtxximviqhtq0 z
Zhimtjt v0 39
. vss uos.
LRELDCZSVL Dqnhlm hnhjmq Dpmtijqmtq hnmmvim jqnmq lm hnhjmq zxljjiqmq khvljim ]htxhmh mlvquhih qv vmijqzxohuhim khvljim zxlj~qmq ]htxhmh mlvquhih qv jxhijq zxohuhim TVSIVCPCZ VFCOLcCZ
5.5 3)3
/
/
30 Tm ihmh lhimtx lqv ihimtjt v0 38 hh hm hvhtqmmmm nhjixqht mmjtihijt hjiqkqihiqq lm mlztxhihm. jiqtqmhvl umixlxtxoqh jjvxhjjih< Zhimtjt v038
50Tmihmh lhimtx lqv ihimtjt v0 3: hh hmjhtjjtmmm oqhh hm hvhLqmmmm juhixhmtmhimlm mvihiqtqihim< 30 hihmvihiqtqihiqq nqvhvjqhm jhzqihtjtjq zmuhvmvi= h 40 hihmvihiqtqihiqq mjxvxuqjm= 50 him mvihiqtqihiqq jxumjqhtm= 60 hihmvihiqtqihiqq mhjhmtxxvhjuhim0 j Zhimtjt v0 3:
. vss uos.
LRELDCZSVL Dqihlm hnhjmq Dpmtijqmtqnmmvim h jqnmq lm hnhjmq ]htxhmh zxlj~qmq khvljim mlvquhih qv zmijqzxohu him ]htxhmh zxljmiqmq kqtvljim mlvquhih qv jxhijq zxohuhim Dhvqihtjt vxvqj Dmlqim vmimumv tjvo Cjiqkjt ixiht ]mvqijqixihtm Txnqiiji Txnqivmi Txnqihnmmvi jqnmqlm hnhjmq TVSIVCPCZ VFCOLcCZ
. vss/uos.
LRELDCZSVL ]mvqijqlqv mlztxhihm ]mvqijqnqvhvjqhm ]mvqijqmlihxlqvhm ]mvqijq ixihtm Dpmtijqmtq lqv mlztxhihm Dpmtijqmtqqvhvjqhm n Dpmtijqmtq mlihxlqvhm Dpmtijqmtq ixihtm TFVLSCEC TVFDFEFRZC TFVLSCEC D[VFRZC
423 21)
50) 223 21.%0 206 0.3 10) 273 70) 12) 0.7 053
/ /
0.) .2) 261%. 7.0 103 0)2 0.3
4(13)
3(672
40 Tmihmh lhim lqv ihimtjtv0 39 hh hmhvhtqmmmmnhjixqht tx zxnqijthnmmvi jqnmqm hnhjmq. iqtqmhvlumixlxtxoqh jjvxhjjih< l j
60Tmihmh lhimtx lqv ihimtjt v0 3; hh hmlmimuqvm oqhh hm hvhtqmmmmzm ihmh nhjixqtxlm qvntjmvihmvihiqtqihimh vqkmtjt th zxljhjtjq. hihiqv khtxq hihxtjimjhi oqqv khtxq mthiqkm0
LRELDCZSVL Txljjiqh khvljih )ijm, Dxhijt jvqih)ijm, Tmijtlm khvmhm ihh Z0]0C0 )tmq,
70[iqtqmhvl lhimtm ihimtjt v0 42 hh hmlmimuqvm< lqv 30 zhojt lm mvihiqtqihim qvimkhtjt lm hqojhvih ht oq nqumq= . 40 zxljjiqh uqvquh jhm hhqoj50hiqvommh zhojtjq lm mvihiqtqihim vqkmt lm zxljh oq ohljt lm jiqtqmhm h th jhzhjqihiqq zxljjiqm qvzjvjijt jqiqj= lm 50 zxnqijt jhm hm mhtqmmhmh qv jxvlqiqqtm qv jhm hm jiqtqmmhmhqvimohthzhjqihimhlm zxljjiqm= . j 60 vqkmtjt zxljjiqmq jhm hhqojh mhtqmhmh vqkmtjtjq zxohuhi ht zxnqijtjqqv khtxhm lm 7720222 tmq0 nrsvFNF HKCID 1 uos1
LRELDCZSVL Dqihlm hnhmmq Dpmtijqmtqnmmvim h jqnmq hnhmmq lm Dpmtijqmtq khqhiqtm Dpmtijqmtq nqlm Txljjiqh uhlquh )ijm, Tmilm kqqvmhm)tmq, Dxhikhqhiqt jvqih ]COSVL 3052;0222 ;970222 8530622 5650822 370622 :70222 630222 3
/ /