Your IP : 172.28.240.42


Current Path : /var/www/html/clients/e-nkama.ru/e-nkama_bitrix/upload/iblock/ed9/
Upload File :
Current File : /var/www/html/clients/e-nkama.ru/e-nkama_bitrix/upload/iblock/ed9/Anal_20.07.2015.doc

ࡱ>	egZ[\]^_`abcdHibjbj££7(*-B
B
8lsac%:I%_%_%_%:&P&\&aaaaaaa$eh"b):&:&))"b_%_%cGAGAGA)_%_%aGA)aGAGAY($\_%PL+Za1c0acZ^iI4
i4$\$\i]d&&^GAF'L'od&d&d&"b"b!?&d&d&d&ac))))id&d&d&d&d&d&d&d&d&B
?:0CG=>-8AA;54>20B5;LA:0O @01>B0 
F5=:0 MDD5:B82=>AB8 @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8
2  5A?C1;8:5 "0B0@AB0=

1.  & !" " "  #& "  !# "" !", #"  #  "  !# "" !" 
>B 8 0?@5;O 2005 3>40 ! #-127

F5=:0 MDD5:B82=>AB8 0=B8:>@@C?F8>==KE <5@, ?@8=OBKE 2 @0<:0E 8A?>;=5=8O !B@0B5388.
=B8:>@@C?F8>==K5 <5@K, ?@8=OBK5 2  5A?C1;8:5 "0B0@AB0= 2 @0<:0E 8A?>;=5=8O !B@0B5388 0=B8:>@@C?F8>==>9 ?>;8B8:8  5A?C1;8:8 "0B0@AB0=, CB25@645==>9 #:07>< @57845=B0  5A?C1;8:8 "0B0@AB0= >B 8 0?@5;O 2005 3>40 ! #-127 (40;55   !B@0B5388, !B@0B5388 2005), A>>B25BAB2CNB 55 F5;O< 8 7040G0< 8 2 F5;>< O2;ONBAO ?>A;54>20B5;L=K<8, A8AB5<=K<8 8 MDD5:B82=K<8, ?>A:>;L:C >1J5:B82=> C<5=LH0NB :>@@C?F8>==K5 2>7<>6=>AB8 8 @8A:8. !>740=0 8=D@0AB@C:BC@0 ?@>B82>459AB28O :>@@C?F88, :>B>@0O 2:;NG05B <=>3>C@>2=52CN A8AB5<C ?@02>2>3> @53C;8@>20=8O 2 A>>B25BAB288 A HYPERLINK consultantplus://offline/ref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
 @0<:0E @50;870F88 AB@0B5388 >ACI5AB2;5=K 87<5=5=8O 2 ?>;8B8G5A:>9 A8AB5<5 >1I5AB20 8 <5B>40E 3>AC40@AB25==>3> C?@02;5=8O, 2=54@5= 2=CB@5==89 :>=B@>;L 70 4>E>40<8 8 @0AE>40<8 G8=>2=8:>2 8 4@C385 0=B8:>@@C?F8>==K5 <5E0=87<K 2 :04@>2CN ?>;8B8:C, C<5=LH5= 3>AC40@AB25==K9 A5:B>@ M:>=><8:8, A>:@0I5= 871KB>G=K9 3>AC40@AB25==K9 8 <C=8F8?0;L=K9 :>=B@>;L 70 E>7O9AB25==>9 45OB5;L=>ABLN ?@54?@8OB89, @50;87>20= :><?;5:A <5@>?@8OB89 ?> ?>445@6:5 <0;>3> 8 A@54=53> 187=5A0, @07@01>B0=K 04<8=8AB@0B82=K5 @53;0<5=BK >:070=8O 3>AC40@AB25==KE 8 <C=8F8?0;L=KE CA;C3, 2=54@5= 8 @50;87C5BAO ?@8=F8? >4=>3> >:=0 ?@8 8E ?@54>AB02;5=88.
>78B82=K< <><5=B>< A;54C5B ?@87=020BL AB@5<;5=85 : >B:@KB>AB8 @O40 >@30=>2 ?C1;8G=>9 2;0AB8, CG5BC ?@54;>65=89 8 ?>65;0=89 3@0640= ?> A>25@H5=AB2>20=8N 8E 45OB5;L=>AB8. !>740=K 8 DC=:F8>=8@CNB 1I5AB25==0O ?0;0B0  5A?C1;8:8 "0B0@AB0=, >1I5AB25==K5 A>25BK ?@8 >@30=0E 3>AC40@AB25==>9 2;0AB8 8 >@30=0E <5AB=>3> A0<>C?@02;5=8O. >:070B5;L=0 2 MB>< >B=>H5=88 A8AB5<0 M;5:B@>==>3> 3>AC40@AB25==>3> C?@02;5=8O   8=D>@<0F8>==>3> @5AC@A0 B:@KBK9 "0B0@AB0=, @50;87C5<>3> =0 1075 >@B0;0 3>AC40@AB25==KE 8 <C=8F8?0;L=KE CA;C3  5A?C1;8:8 "0B0@AB0=. A:;NG8B5;L=> ?>;575= 8=B5@=5B-?@>5:B >1@0B=>9 A2O78 3@0640= 8 >@30=>2 2;0AB8 @5A?C1;8:8 0@>4=K9 :>=B@>;L.
@><5 B>3>, 206=K< D0:B>@>< ?@>B82>459AB28O :>@@C?F88 AB0;> ?>2KH5=85 C@>2=O 1;03>A>AB>O=8O 7=0G8B5;L=>9 G0AB8 @01>B=8:>2 1N465B=>9 AD5@K, ?>72>;82H55 8< A>A@54>B>G8BLAO =0 2K?>;=5=88 >A=>2=KE ?@>872>4AB25==KE DC=:F89, 0 =5 =0 ?>8A:5 4>?>;=8B5;L=KE =570:>==KE 8AB>G=8:>2 4>E>4>2.
0B5@80;K A>F8>;>38G5A:8E 8AA;54>20=89 ?>4B25@640NB MDD5:B82=>ABL 0=B8:>@@C?F8>==KE <5@, ?@8=OBKE 2  5A?C1;8:5 "0B0@AB0= 2 @0<:0E 8A?>;=5=8O !B@0B53882005. "0:, A>3;0A=> 8AA;54>20=8O< ><8B5B0  5A?C1;8:8 "0B0@AB0= ?> A>F80;L=>-M:>=><8G5A:><C <>=8B>@8=3C, B>;L:> 70 ?>A;54=85 B@8 3>40 (2 ?5@8>4 2012-2014 3>4>2) 4>;O >?@>H5==KE 3@0640=  5A?C1;8:8 "0B0@AB0=, AG8B0NI8E, GB> :>@@C?F88 AB0;> =0<=>3> <5=LH5, C25;8G8;0AL 2 ?>;B>@0 @070   A 23,2 4> 34,8%. -B>, 15AA?>@=>, A2845B5;LAB2C5B > B><, GB> >=8 <5=LH5 AB0;:820NBAO A C:070==K< O2;5=85< 8, ?> :@09=59 <5@5, 1KB>20O :>@@C?F8O ACI5AB25==> A>:@0B8;0AL. ! 2009 ?> 2014 3>4 4>;O 3@0640=, :>B>@K5 E>BO 1K @07 ?>?040;8 2 :>@@C?F8>==CN A8BC0F8N, AB018;L=> A=8605BAO. @><5 B>3>, A 2009 3>40 ?> 2014 3>4 7=0G8B5;L=> A>:@0B8;>AL G8A;> B5E, :B> 2ABC?05B 2 :>@@C?F8>==CN A45;:C ?> >1J5:B82=K< >1AB>OB5;LAB20<, B.5. 87-70 >BACBAB28O 2@5<5=8 8;8 2>7<>6=>AB59 4;O @5H5=8O A2>59 ?@>1;5<K, GB>, :0: ?@54?>;0305BAO, A2O70=> A C?@>I5=85< ?@>F54C@K ?>;CG5=8O CA;C3, 1>;55 BI0B5;L=>9 8 45B0;L=>9 @53;0<5=B0F859 459AB289 3>AC40@AB25==KE >@30=>2 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O, 2=54@5=85< M;5:B@>==KE B5E=>;>389 8 4@.
> @57C;LB0B0< 8AA;54>20=89 ><8B5B0  5A?C1;8:8 "0B0@AB0= ?> A>F80;L=>-M:>=><8G5A:><C <>=8B>@8=3C <>6=> 70:;NG8BL, GB> C25;8G8205BAO 4>;O ;8F (87 G8A;0 >?@>H5==KE) >B:07K20NI8EAO >B 40G8 27OB:8 ?@8 ?>?040=88 2 :>@@C?F8>==CN A8BC0F8N (2010   9,8%, 2011   27,3%, 2012   32%, 2013   30,8%, 2014   35,3%). 0==K5 87<5=5=8O ?@>8AE>4OB =0 D>=5 =5:>B>@>3> C25;8G5=8O 4>25@8O =0A5;5=8O : ?@54?@8=8<05<K< 2 @5A?C1;8:5 <5@0< ?> ?@>B82>459AB28N :>@@C?F88 (2 2010 3. ?>402;ONI55 1>;LH8=AB2> >?@>H5==KE ?@8=8<05<K5 2 @5A?C1;8:5 <5@K ?> ?@>B82>459AB28N :>@@C?F88 AG8B0;8 =54>AB0B>G=K<8 8 <0;>MDD5:B82=K<8, 2 2011   49,5%, 2 2012   46,9%, 2013   39,7%, 2014   42,7%). "0:65 A;54C5B >B<5B8BL >1I89 D>= A=865=8O ?@54AB02;5=89 =0A5;5=8O > =081>;55 :>@@C<?8@>20==KE AD5@0E: 2 ?5@8>4 A 2005 ?> 2014 3>4K, ?> <=5=8N 3@0640=, A=860;0AL :>@@C<?8@>20==>ABL A@548 A>B@C4=8:>2  (2005   75,6%, 0 2 2014   65,1%), <548F8=A:8E @01>B=8:>2 (2005   57,3%, 0 2 2014   56,7%) 8 ?@5?>4020B5;59 2C7>2 (2005   71,2%, 0 2 2014   50,0%).
0==K5, ?>;CG5==K5 2 @57C;LB0B5 :><?;5:A=>3> A>F8>;>38G5A:>3> 8AA;54>20=8O, ?@>2545==K5 8A?>;=8B5;5< 2 @0<:0E >F5=:8 MDD5:B82=>AB8 @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8 2  5A?C1;8:5 "0B0@AB0=, B0:65 A2845B5;LAB2CNB >1 MDD5:B82=>AB8 0=B8:>@@C?F8>==KE <5@, ?@8=OBKE 2  5A?C1;8:5 "0B0@AB0= 2 @0<:0E 8A?>;=5=8O !B@0B53882005. "0:, =0 2>?@>A :>340 2 ?>A;54=89 @07 0< ?@8E>48;>AL ?>?040BL 2 :>@@C?F8>==CN A8BC0F8N? >B25B8;8 2 2014-2015 3>40E 10,9% >?@>H5==KE 3@0640=. >;LH8=AB2> >?@>H5==KE M:A?5@B>2 ?>78B82=> >F5=820NB 0=B8:>@@C?F8>==K5 <5@>?@8OB8O 8 8E MDD5:B82=>ABL.  B> 65 2@5<O =0AB>@068205B A8BC0F8O A 45;>2>9 :>@@C?F859: =0 2>?@>A > B><, A:>;L:> @07 (E>BO 1K ?@8<5@=>) 2K AB0;:820;8AL A A8BC0F8O<8, :>B>@K5 ?>=C640;8 1K 20A/20H8E :>;;53 40BL 27OB:C 8;8 A>25@H8BL 8=>5 :>@@C?F8>==>5 45O=85 2 2014 3>4C 8;8 ?@54K4CI85 3>4K, >B:070;8AL >B >B25B0 31,9% >?@>H5==KE ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0.
F5=:0 2K?>;=5=8O :@0B:>A@>G=KE 8 4>;3>A@>G=KE 7040G, >1>7=0G5==KE 2 !B@0B5388.
A=>2=K5 7040G8 C:070==>9 !B@0B5388 55 @07@01>BG8:0<8 1K;8 AD>@<C;8@>20=K A;54CNI8< >1@07><:
1)?@>B82>459AB285 CA;>28O<, ?>@>640NI8< :>@@C?F8N;
2)?>2KH5=85 @8A:0 :>@@C?F8>==KE 459AB289 8 ?>B5@L >B =8E;
3)C25;8G5=85 2K3>4 >B 459AB289 2 @0<:0E 70:>=0 8 2> 1;03> >1I5AB25==KE 8=B5@5A>2;
4)2>2;5G5=85 3@0640=A:>3> >1I5AB20 2 @50;870F8N 0=B8:>@@C?F8>==>9 ?>;8B8:8;
5)D>@<8@>20=85 =5B5@?8<>AB8 ?> >B=>H5=8N : :>@@C?F8>==K< 459AB28O<.
-B8 7040G8 2 A0<>9 !B@0B5388 2005 =5 @0745;5=K =0 :@0B:>A@>G=K5 8 4>;3>A@>G=K5. @0B:>A@>G=K5 7040G8 !B@0B5388 2005 =5 2K45;ONBAO A?5F80;L=> >B45;L=K< 1;>:><, => 8E <>6=> ?@54?>;>68BL, 0=0;878@CO 55 >A=>2=K5 ?>;>65=8O. !C4O ?> A>45@60=8N !B@0B5388 2005, : :@0B:>A@>G=K< 7040G0< <>6=> >B=5AB8: 
0)A>740=85 A?5F80;878@>20==>3> >@30=0 ?> @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8, ?@02>2>5, <0B5@80;L=>5 8 8=>5 >15A?5G5=85 53> 45OB5;L=>AB8;
1)8=AB8BCF8>=0;L=>5 >15A?5G5=85 0=B8:>@@C?F8>==>9 45OB5;L=>AB8, ?@8=OB85 70:>=>40B5;LAB20 > ?@>B82>459AB288 :>@@C?F88, ?@02>2>5 70:@5?;5=85 0=B8:>@@C?F8>==KE 8=AB@C<5=B>2;
2)?>43>B>2:0 ?5@A>=0;0 0=B8:>@@C?F8>==>9 ?>;8B8:8, 2 B>< G8A;5 8 ;8F, >ACI5AB2;ONI8E 0=B8:>@@C?F8>==CN M:A?5@B87C;
3)@07@01>B:0 8 @50;870F8O ?@>3@0<<K 0=B8:>@@C?F8>==>9 ?@>?030=4K;
4)@07@01>B:0 8 ?@8=OB85 0=B8:>@@C?F8>==KE ?@>3@0<<.
 B> 65 2@5<O : 4>;3>A@>G=K< 7040G0< 0=B8:>@@C?F8>==>9 ?>;8B8:8 A;54C5B >B=5AB8: 
-A>740=85 <5E0=87<>2 ?> 2708<>459AB28N A 3@0640=A:8< >1I5AB2>< 2 AD5@5 ?@>B82>459AB28O :>@@C?F88;
-A>740=85 A8AB5<K 0=B8:>@@C?F8>==>3> <>=8B>@8=30;
-A>740=85 A8AB5<K 0=B8:>@@C?F8>==>3> 0C48B0;
-A>740=85 8 @0728B85 A8AB5<K ?>43>B>2:8 8 ?5@5?>43>B>2:8 C?@02;5=G5A:8E :04@>2 ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88;
-A>740=85 8 2=54@5=85 A8AB5<K 0=B8:>@@C?F8>==>9 ?@>?030=4K.
#G8BK20O, GB> >A=>2=K5 C:070==K5 2 !B@0B5388 2005 7040G8 =>AOB =5A:>;L:> 45:;0@0B82=K9 E0@0:B5@, B> >1@0B8<AO : 0=0;87C 8A?>;=5=8O :@0B:>A@>G=KE 7040G. 45AL A;54C5B >3>2>@8BLAO, GB> A@07C 65 ?>A;5 CB25@645=8O !B@0B5388 2005 2  5A?C1;8:5 "0B0@AB0= 1K; A>740= A?5F80;878@>20==K9 >@30= ?> @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8   >B45; ?> @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8, =5?>A@54AB25==> ?>4G8=ONI89AO @57845=BC  5A?C1;8:8 "0B0@AB0= (2005 3>4), =045;5==K9 ?>;=><>G8O<8 A?5F80;L=>3> >@30=0 ?> @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8, 0 =5A:>;L:> ?>765   A>25I0B5;L=K9 0=B8:>@@C?F8>==K9 >@30=    5A?C1;8:0=A:89 A>25B ?> @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8 (20063>4).  ?>A;54CNI5< MB8 0=B8:>@@C?F8>==K5 >@30=K 1K;8 @5D>@<8@>20=K (?@5>1@07>20=K) 2 #?@02;5=85 @57845=B0  5A?C1;8:8 "0B0@AB0= ?> 2>?@>A0< 0=B8:>@@C?F8>==>9 ?>;8B8:8 8 !>25B ?@8 @57845=B5  5A?C1;8:8 "0B0@AB0= ?> ?@>B82>459AB28N :>@@C?F88. >MB><C <>6=> CB25@640BL, GB> ?5@20O :@0B:>A@>G=0O 7040G0 !B@0B5388 2005 1K;0 ?>;=>ABLN 2K?>;=5=0.
 @0728B85 A8AB5<K AC1J5:B>2 ?@>B82>459AB28O :>@@C?F88 8 2> 8A?>;=5=85 D545@0;L=>3> 0=B8:>@@C?F8>==>3> 70:>=>40B5;LAB20 2  5A?C1;8:5 "0B0@AB0= 2 >@30=0E 3>AC40@AB25==>9 2;0AB8 8 >@30=0E <5AB=>3> A0<>C?@02;5=8O 1K;8 A>740=K :><8AA88 ?> A>1;N45=8N B@51>20=89 : A;C651=><C ?>2545=8N 3>AC40@AB25==KE (<C=8F8?0;L=KE) A;C60I8E 8 C@53C;8@>20=8N :>=D;8:B0 8=B5@5A>2, A>25BK (:><8AA88) ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88, 22545=K 4>;6=>AB8 C?>;=><>G5==KE ;8F ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88, 2 ?>4@0745;5=8OE :04@>2KE A;C61 >@30=>2 ?C1;8G=>9 2;0AB8 >?@545;5=K 4>;6=>AB8 ?> ?@>D8;0:B8:5 :>@@C?F8>==KE 8 8=KE ?@02>=0@CH5=89.  @57C;LB0B5 MB>3> 1K;0 A>740=0 <=>3>C@>2=520O A8AB5<0 AC1J5:B>2 ?@>B82>459AB28O :>@@C?F88, =045;5==KE A?5F80;L=K<8 ?>;=><>G8O<8 ?> ?@>B82>459AB28N :>@@C?F88.
>AB0B>G=> ?>;=> 1K;0 @5H5=0 8 2B>@0O 7040G0. >AC40@AB25==K< !>25B><  5A?C1;8:8 "0B0@AB0= 1K; ?@8=OB 0:>=  ?@>B82>459AB288 :>@@C?F88 2  5A?C1;8:5 "0B0@AB0=, 2 :>B>@>< 1K;8 70:@5?;5=K ?@02>2K5 >A=>2K ?@>B82>459AB28O :>@@C?F88.  ?>A;54CNI5< =0 ?>470:>==>< C@>2=5 1K;8 @5H5=K 2>?@>AK ?@02>2>3> @53C;8@>20=8O >B45;L=KE 8=AB@C<5=B>2 @50;870F88 3>AC40@AB25==>9 ?>;8B8:8 ?@>B82>459AB28O :>@@C?F88. K;0 @07@01>B0=0 8 ?@8=OB0  5A?C1;8:0=A:0O ?@>3@0<<0 ?> @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8, ?@8=OBK =>@<0B82=K5 ?@02>2K5 0:BK ?> >@30=870F88 8 >ACI5AB2;5=8N 0=B8:>@@C?F8>==>3> <>=8B>@8=30 (#:07 @57845=B0  5A?C1;8:8 "0B0@AB0= 8 >AB0=>2;5=85 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0=); ?>AB0=>2;5=8O 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= ?> >@30=870F88 8 >ACI5AB2;5=8N 0=B8:>@@C?F8>==>9 M:A?5@B87K =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2.
0@0;;5;L=> A =0720==K<8 2KH5 7040G0<8 >ACI5AB2;O;>AL 8 @5H5=85 ?>43>B>2:8 8 ?5@5?>43>B>2:8 ?5@A>=0;0, 70=8<0NI53>AO 2>?@>A0<8 ?@>B82>459AB28O 2 >@30=0E ?C1;8G=>9 2;0AB8  5A?C1;8:8 "0B0@AB0=, 0 B0:65 8=KE ;8F, 2>2;5G5==KE 2 @50;870F8N 0=B8:>@@C?F8>==>9 ?>;8B8:8. >;LH8=AB2> B0:8E ;8F ?@>H;8 ?>2KH5=85 :20;8D8:0F88 ?> >1@07>20B5;L=K< ?@>3@0<<0< 4>?>;=8B5;L=>3> ?@>D5AA8>=0;L=>3> >1@07>20=8O, 2 B>< G8A;5 8 ?> =0?@02;5=8N @30=870F8O 8 >ACI5AB2;5=85 0=B8:>@@C?F8>==>9 M:A?5@B87K.
>A;5 ?@8=OB8O ?5@2>9 @5A?C1;8:0=A:>9 ?@>3@0<<K ?> @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8 =0 2006-2008 3>4K, 0=0;>38G=K5 ?@>3@0<<K 1K;8 @07@01>B0=K 8 ?@8=OBK 2 >@30=0E 3>AC40@AB25==>9 2;0AB8 8 >@30=0E <5AB=>3> A0<>C?@02;5=8O  5A?C1;8:8 "0B0@AB0=, 0 ?@8=OB85 =>2KE A@54=5A@>G=KE 0=B8:>@@C?F8>==KE ?@>3@0<< AB0;> >1K45==K< 45;><.
48=AB25==0O :@0B:>A@>G=0O 7040G0, >B@065==0O 2 !B@0B5388, :>B>@0O =5 1K;0 @50;87>20=0   @07@01>B:0 8 @50;870F8O ?@>3@0<<K 0=B8:>@@C?F8>==>9 ?@>?030=4K, =5A<>B@O =0 B>, GB> >=0 1K;0 @5:><5=4>20=0 : @07@01>B:5  5A?C1;8:0=A:8< A>25B>< ?> @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8  5A?C1;8:0=A:><C 035=BAB2C "0B<5480 5I5 2 2007 3>4C.
 5H5=85 4>;3>A@>G=KE 7040G !B@0B5388, A2O70==KE A A>740=85< 2  5A?C1;8:5 "0B0@AB0= <5E0=87<>2 ?> 2708<>459AB28N A 3@0640=A:8< >1I5AB2>< 2 AD5@5 ?@>B82>459AB28O :>@@C?F88, >ACI5AB2;O5BAO ?> =5A:>;L:8< =0?@02;5=8O<: 0) CG0AB85 ?@54AB028B5;59 8=AB8BCB>2 3@0640=A:>3> >1I5AB20 2 45OB5;L=>AB8 A>25I0B5;L=KE 0=B8:>@@C?F8>==KE >@30=>2; 1) CG0AB85 ?@54AB028B5;59 8=AB8BCB>2 3@0640=A:>3> >1I5AB20 2 @07@01>B:5 0=B8:>@@C?F8>==KE ?@>3@0<<; 2) CG0AB85 ?@54AB028B5;59 8=AB8BCB>2 3@0640=A:>3> >1I5AB20 2 >ACI5AB2;5=88 =57028A8<>9 0=B8:>@@C?F8>==>9 M:A?5@B87K =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2; 3) CG0AB85 ?@54AB028B5;59 8=AB8BCB>2 3@0640=A:>3> >1I5AB20 2 >ACI5AB2;5=88 >1I5AB25==>3> :>=B@>;O 2 AD5@5 ?@>B82>459AB28O :>@@C?F88; 4) 2>2;5G5=85 ?@54AB028B5;59 8=AB8BCB>2 3@0640=A:>3> >1I5AB20 2 45OB5;L=>ABL  5A?C1;8:0=A:>9 M:A?5@B=>9 3@C??K ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88 ?@8 >ACI5AB2;5=88 0=B8:>@@C?F8>=>3> 0C48B0 @01>BK >@30=>2 3>AC40@AB25==>9 2;0AB8 8 <5AB=>3> A0<>C?@02;5=8O.
!D>@<C;8@>20==0O 2 !B@0B5388 7040G0   A>740=85 A8AB5<K 0=B8:>@@C?F8>==>3> <>=8B>@8=30   2K?>;=5=0 2 ?>;=>< >1J5<5: >?@545;5= AC1J5:B, 53> >ACI5AB2;ONI89 (><8B5B ?> A>F80;L=>-M:>=><8G5A:><C <>=8B>@8=3C  5A?C1;8:8 "0B0@AB0=), >?@545;5=K ?>:070B5;8 8 <5E0=87<K ?@54>AB02;5=8O A2545=89 ?> =8<, ?5@8>48G=>ABL.
!;54C5B :>=AB0B8@>20BL, GB> 2  5A?C1;8:5 "0B0@AB0= A>740=0 8 459AB2C5B A8AB5<0 3>AC40@AB25==>3> 0=B8:>@@C?F8>==>3> 0C48B0. 1@07>20= A?5F80;L=K9 0C48B>@A:89 >@30=    5A?C1;8:0=A:0O M:A?5@B=0O 3@C??0 ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88, =045;5==0O ?>;=><>G8O<8 ?> >ACI5AB2;5=8N ?@>25@:8 A>1;N45=8O 0=B8:>@@C?F8>==>3> 70:>=>40B5;LAB20 2 >@30=0E ?C1;8G=>9 2;0AB8, >@30=870F8OE 8 CG@5645=8OE.
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
>;=>ABLN =5 @5H5=0 AB@0B538G5A:0O 7040G0   A>740=85 8 2=54@5=85 A8AB5<K 0=B8:>@@C?F8>==>9 ?@>?030=4K.   5A?C1;8:5 "0B0@AB0= ;8HL DC=:F8>=8@CNB A0<>AB>OB5;L=K5 8=8F80B82=K5 A@54AB20 <0AA>2>9 :><<C=8:0F88, >A25I0NI85 2>?@>AK ?@>B82>459AB28O :>@@C?F88, B>340 :0: 4;O A>740=8O A8AB5<K B@51C5BAO @07@01>B:0 >=F5?F88 MB>3> =0?@02;5=8O 45OB5;L=>AB8 8 ?@02>2>5 70:@5?;5=85 MB>3> 8=AB@C<5=B0 0=B8:>@@C?F8>==>9 ?>;8B8:8.
=0;87 4>;3>A@>G=KE 8 :@0B:>A@>G=KE 7040G !B@0B5388 2005 ?>72>;O5B A45;0BL 2K2>4 > B><, GB> >A=>2=K5 7040G8 MB>3> 4>:C<5=B0 4>;3>A@>G=>3> ?;0=8@>20=8O, 2 >A=>2=><, 2K?>;=5=K.
040G0 @>B82>459AB285 CA;>28O<, ?>@>640NI8< :>@@C?F8N @5H05BAO A>740=85< <=>3>C@>2=52>9 A8AB5<K ?@>D8;0:B8:8 :>@@C?F88 2 >@30=0E 3>AC40@AB25==>9 2;0AB8 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O  5A?C1;8:8 "0B0@AB0=.
040G0 >2KH5=85 @8A:0 :>@@C?F8>==KE 459AB289 8 ?>B5@L >B =8E @5H05BAO <5@0<8 N@848G5A:>9 >B25BAB25==>AB8 70 A>25@H5=85 :>@@C?F8>==KE ?@5ABC?;5=89 8 ?@02>=0@CH5=89, 22545=85< 8=AB8BCB0 ?>4@0745;5=89 :04@>2KE A;C61 ?> ?@>D8;0:B8:5 :>@@C?F8>==KE 8 8=KE ?@02>=0@CH5=89 8 8=AB8BCB0 ?><>I=8:>2 3;02 <C=8F8?0;L=KE >1@07>20=89 ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88.
040G0 #25;8G5=85 2K3>4 >B 459AB289 2 @0<:0E 70:>=0 8 2> 1;03> >1I5AB25==KE 8=B5@5A>2 @5H05BAO ?>>I@5=85< 3>AC40@AB25==KE (<C=8F8?0;L=KE) A;C60I8E 70 4>1@>A>25AB=>5 8A?>;=5=8O 2>7;>65==KE =0 =53> >1O70==>AB59, ?>2KH5=85< 70@01>B=>9 ?;0BK.
040G0 >2;5G5=85 3@0640=A:>3> >1I5AB20 2 @50;870F8N 0=B8:>@@C?F8>==>9 ?>;8B8:8 @5H05BAO 70 AG5B 2:;NG5=8O ?@54AB028B5;59 8=AB8BCB>2 3@0640=A:>3> >1I5AB20 2 45OB5;L=>ABL A?5F80;878@>20==KE A>25I0B5;L=KE 0=B8:>@@C?F8>==KE >@30=>2, A>2<5AB=>3> CG0AB8O 8=AB8BCB>2 3@0640=A:>3> >1I5AB20 8 >@30=>2 3>AC40@AB25==>9 2;0AB8 (>@30=>2 <5AB=>3> A0<>C?@02;5=8O) 2 <5@0E ?> ?@>B82>459AB28N :>@@C?F88.
040G0 $>@<8@>20=85 =5B5@?8<>AB8 ?> >B=>H5=8N : :>@@C?F8>==K< 459AB28O< @5H05BAO 70 AG5B >ACI5AB2;5=8O 0=B8:>@@C?F8>==>9 ?@>?030=4K, 0=B8:>@@C?F8>==>3> >1@07>20=8O 8 0=B8:>@@C?F8>==>3> ?@>A25I5=8O.

F5=:0 M:>=><8G5A:>3> MDD5:B0 ?> 8B>30< @50;870F88 !B@0B5388.
A=>2=>5 2;8O=85 0=B8:>@@C?F8>==KE <5@ =0 M:>=><8:C O2;O5BAO >?>A@54>20==K< 2 @57C;LB0B5 C?>@O4>G5=8O >@30=870F8>==>9 45OB5;L=>AB8 3>AC40@AB20 8 <C=8F8?0;L=KE >1@07>20=89 2 A;54CNI59 ?>A;54>20B5;L=>AB8: 2KO2;5=85 :>@@C?F8>==>9 A>AB02;ONI59 2 45OB5;L=>AB8 ! A>740=85 C?>@O4>G5==>9 AE5<K ! A=865=85 @0AE>4>2 D878G5A:8E 8 N@848G5A:8E ;8F ! 0:B82870F8O @K=:0 8 M:>=><8G5A:>9 45OB5;L=>AB8, ?>2KH5=85 A>18@05<>AB8 =0;>3>2 8 A1>@>2. 06=> B0:65 A>740=85 548=KE CG5B=KE AE5<, ?>72>;ONI8E 2KO2;OBL ?>B5=F80;L=K5 8AB>G=8:8 4>E>40, >1=0@C6820BL @071070@5==>5 8<CI5AB2> 8 2>72@0I0BL 53> 2 =>@<0;L=K9 >1>@>B. #A?5H=>5 8 >G5284=>5 ?@>B82>459AB285 :>@@C?F88 B0:65 ?>2KH05B ;>O;L=>ABL =0A5;5=8O : >@30=0< 2;0AB8, 2545B : 2KB5:0NI59 87 MB>3> M:>=><88, AB8<C;8@C5B : ?>2KH5=8N ?@>872>48B5;L=>AB8 B@C40 =0 >A=>25 74>@>2>9 :>=:C@5=F88.
#<5=LH5=85 C@>2=O 1KB>2>9 :>@@C?F88, ?> M:A?5@B=K< >F5=:0<, 40;> =0A5;5=8N 2>7<>6=>ABL AM:>=><8BL =0 :>@@C?F8>==KE @0AE>40E 8 B5< A0<K< ?>2KA8BL :0G5AB2> A2>59 687=8.  @57C;LB0B5 @50;870F88 !B@0B5388 2005 C<5=LH0NBAO :>@@C?F8>==K5 8745@6:8, 0 G0ABL 2>2;5G5==KE 2 MB>B >1>@>B A@54AB2 2>72@0I05BAO 2 3>AC40@AB25==CN 8;8 <C=8F8?0;L=CN A>1AB25==>ABL. "0:, B>;L:> 2 2014 3>4C =0 >A=>20=88 AC451=KE @5H5=89 2>72@0I5= 2 A>1AB25==>ABL <C=8F8?0;L=KE >1@07>20=89 241 75<5;L=K9 CG0AB>:, 70@538AB@8@>20==K9 2 A>1AB25==>ABL D878G5A:8E ;8F A 8A?>;L7>20=85< 4>:C<5=B>2, ?>;CG5==KE 2 @57C;LB0B5 =570:>==KE 459AB289 4>;6=>AB=KE ;8F >@30=>2 <5AB=>3> A0<>C?@02;5=8O. #?>@O4>G5=85 @01>BK A =542868<>ABLN 8 75<5;L=K<8 CG0AB:0<8, =0E>4OI8<8AO 2 3>AC40@AB25==>9 8 <C=8F8?0;L=>9 A>1AB25==>AB8, ?>72>;8;> 4>?>;=8B5;L=> <>18;87>20BL 2 @07;8G=K5 1N465BK ?>GB8 90 <;=. @C1.  @57C;LB0B5 @01>BK <56254><AB25==>9 @01>G59 3@C??K ?> 2K@01>B:5 ?@54;>65=89 ?> A>:@0I5=8N B5=52>3> >1>@>B0 45=56=KE A@54AB2 2 M:>=><8:5  5A?C1;8:8 "0B0@AB0=, >1@07>20==>9 @0A?>@O65=85< 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 16.07.2012 ! 1184-@, =0 >A=>25 :>=B@>;L=KE <5@>?@8OB89 70 AG5B A?8A0=8O 2 1N465B >AB0B:>2 45=56=KE A@54AB2 =0 @0AG5B=KE AG5B0E ?@>1;5<=KE :>=B@035=B>2, CA;>2=> =07K205<KE D8@<0<8->4=>4=52:0<8, ?>ABC?8;> 105,5 <;=. @C1. 0 ?5@8>4 A 2011 3>40 ?>A;5 =0;>3>2KE ?@>25@>: A =54>1@>A>25AB=KE D8@<->4=>4=52>: 4>=0G8A;5=> 1>;55 5 <;@4. @C1., 87 :>B>@KE 27KA:0=> 3,1 <;@4. @C1.
">;L:> 70 ?5@8>4 2013-2014 3>4>2 2 @5A?C1;8:5 2KO2;5=> 18513 >1J5:B>2 8 30136 75<5;L=KE CG0AB:>2, ?> :>B>@K< >BACBAB2>20;0 3>AC40@AB25==0O @538AB@0F8O ?@020 A>1AB25==>AB8. 15A?5G5=0 @538AB@0F8O ?@020 A>1AB25==>AB8 =0 7431 >1J5:B 8 9679 75<5;L=KE CG0AB:>2. !C<<0 4>?>;=8B5;L=KE =0;>3>2, ?>;CG5==KE >B ?>AB02;5==KE =0 CG5B >1J5:B>2, A>AB028;0 4353,4 BKA. @C1. B @50;870F88 >1J5:B>2, 2:;NG5==KE 2 <C=8F8?0;L=CN A>1AB25==>ABL, ?>;CG5=K 4>?>;=8B5;L=K5 A@54AB20 2 AC<<5 83911,73 BKA. @C1.
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
 @0<:0E @50;870F88 !B@0B5388 2005 ?@8=OB @O4 ?@>3@0<<=KE 4>:C<5=B>2 @5A?C1;8:0=A:>3> C@>2=O ?> 55 @50;870F88, 0 8<5==>: 
0) 5A?C1;8:0=A:0O ?@>3@0<<0 ?> @50;870F88 !B@0B5388 0=B8:>@@C?F8>==>9 ?>;8B8:8  5A?C1;8:8 "0B0@AB0= =0 2006-2008 3>4K, CB25@645==0O >AB0=>2;5=85< 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= !516 >B 16 >:BO1@O 20063.;
1) 5A?C1;8:0=A:0O ?@>3@0<<0 ?> @50;870F88 !B@0B5388 0=B8:>@@C?F8>==>9 ?>;8B8:8  5A?C1;8:8 "0B0@AB0= =0 2009-2011 3>4K, CB25@645==0O >AB0=>2;5=85< 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= !693 >B 22 A5=BO1@O 20083.;
2)><?;5:A=0O @5A?C1;8:0=A:0O 0=B8:>@@C?F8>==0O ?@>3@0<<0 =0 2012-2014 3>4K, CB25@645==0O >AB0=>2;5=85< 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= !687 >B 18 023CAB0 20113.;
3)>4?@>3@0<<0  50;870F8O 0=B8:>@@C?F8>==>9 ?>;8B8:8  5A?C1;8:8 "0B0@AB0= =0 2014 3>4 >AC40@AB25==>9 ?@>3@0<<K 15A?5G5=85 >1I5AB25==>3> ?>@O4:0 8 ?@>B82>459AB285 ?@5ABC?=>AB8 2  5A?C1;8:5 "0B0@AB0= =0 2014-2020 3>4K, CB25@645==>9 >AB0=>2;5=85< 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= !764 >B 16 >:BO1@O 20133. 
@><5 B>3>, >B45;L=K5 <5@>?@8OB8O, =0?@02;5==K5 =0 =081>;55 ?>;=>5 2K?>;=5=85 ?>;>65=89 !B@0B5388 2005, >ACI5AB2;O;8AL =0 >A=>25 ?@>3@0<< 8 ?;0=>2 <8=8AB5@AB2, 3>AC40@AB25==KE :><8B5B>2 8 254><AB2  5A?C1;8:8 "0B0@AB0=, 0 =0 B0:65 =0 >A=>25 A>>B25BAB2CNI8E ?@>3@0<< 8 ?;0=>2 <C=8F8?0;L=KE >1@07>20=89 2  5A?C1;8:5 "0B0@AB0=. @8 MB>< 7=0G8B5;L=0O G0ABL <5@>?@8OB89 C:070==KE @5A?C1;8:0=A:8E ?@>3@0<<, 0 B0:65 ?@>3@0<< 8 ?;0=>2 2 AD5@5 ?@>B82>459AB28O :>@@C?F88 >@30=>2 3>AC40@AB25==>9 2;0AB8 8 <5AB=>3> A0<>C?@02;5=8O  5A?C1;8:8 "0B0@AB0= 2K?>;=O;0AL 70 AG5B B5:CI53> D8=0=A8@>20=8O, B> 5ABL =5 B@51>20;0 @0AE>4>20=8O 4>?>;=8B5;L=KE 1N465B=KE A@54AB2.
 B> 65 2@5<O =5:>B>@K5 @5AC@A>5<:85 <5@>?@8OB8O, =0?@02;5==K5 =0 ?@>B82>459AB285 :>@@C?F88, D8=0=A8@>20;8AL 70 AG5B F5;52>3> (?@>3@0<<=>3>) D8=0=A8@>20=8O. 081>;55 7=0G8B5;L=0O G0ABL B0:8E @0AE>4>2 1K;0 ?@54CA<>B@5=0 2 @0<:0E C:070==KE B@5E @5A?C1;8:0=A:8E ?@>3@0<< 8 >4=>9 @5A?C1;8:0=A:>9 ?>4?@>3@0<<K:
>420072008200920102011201220132014A53> 70
2007-2014!C<<0 
(BKA. @C1.)1247,8021320,8943359,43359,44109,45851,63091,3460726946,796
!C<<0 A@54AB2, ?@54CA<>B@5==KE =0 ?@>3@0<<=>5 D8=0=A8@>20=85 0=B8:>@@C?F8>==KE <5@>?@8OB89 2A5E <8=8AB5@AB2, 3>AC40@AB25==KE :><8B5B>2 8 254><AB2  5A?C1;8:8 "0B0@AB0=, 0 B0:65 0=B8:>@@C?F8>==KE <5@>?@8OB89 2A5E <C=8F8?0;L=KE >1@07>20=89 2  5A?C1;8:5 "0B0@AB0=, 70 C:070==K9 ?5@8>4 2@5<5=8 ACI5AB25==> =865: >B =C;O (2 2007 3.), 4> H" 15% (2 2014 3.) >B >1I59 AC<<K ?@>3@0<<=>3> D8=0=A8@>20=8O @50;870F88 @5A?C1;8:0=A:8E 0=B8:>@@C?F8>==KE ?@>3@0<< 8 0=B8:>@@C?F8>==>9 ?>4?@>3@0<<K =0 :064K9 3>4. "0:8< >1@07><, ?> =0H59 >F5=:5, 8B>3>20O AC<<0 2A53> ?@54CA<>B@5==>3> ?@>3@0<<=>3> D8=0=A8@>20=8O 0=B8:>@@C?F8>==KE <5@>?@8OB89 >@30=>2 3>AC40@AB25==>9 2;0AB8 8 <5AB=>3> A0<>C?@02;5=8O  5A?C1;8:8 "0B0@AB0= =5 ?@52KH05B 30 <;=. @C1;59 70 25AL ?5@8>4 459AB28O !B@0B5388 2005. 
!2>4=K5 5653>4=K5 >BG5BK > A>AB>O=88 :>@@C?F88 8 @50;870F88 <5@ 0=B8:>@@C?F8>==>9 ?>;8B8:8 2  5A?C1;8:5 "0B0@AB0=, 0 B0:65 >BG5BK > @50;870F88 >B45;L=KE 0=B8:>@@C?F8>==KE ?@>3@0<< 8 ?;0=>2 =5 40NB 8AG5@?K20NICN 8=D>@<0F8N > @50;L=> ?>=5A5==KE @0AE>40E 3>AC40@AB25==>3> 1N465B0 8 <C=8F8?0;L=KE 1N465B>2. >?CA:05<, GB> 2 @O45 A;CG052 <>3;> 8<5BL <5AB> :0: C25;8G5=85, B0: 8 A=865=85 70?;0=8@>20==KE @0AE>4>2 =0 ?@>2545=85 0=B8:>@@C?F8>==KE <5@>?@8OB89. 
065 ?@8 A0<>9 ?5AA8<8AB8G=>9 >F5=:5 25;8G8=0 459AB28B5;L=> 70B@0G5==KE A@54AB2 =0 @50;870F8N 459AB2CNI59 !B@0B5388 =5 ?@52KH05B 42C:@0B=K9 @07<5@ 70?;0=8@>20==>9 AC<<K 8 4>;6=0 A>AB02;OBL =5 1>;55 50-60 <;=. @C1;59 70 25AL ?5@8>4 2005 ?> 2014 33.  A2>N >G5@54L 5653>4=> 2 @0<:0E ?@>2>48<KE >@30=0<8 3>AC40@AB25==>9 2;0AB8 8 <5AB=>3> A0<>C?@02;5=8O 0=B8:>@@C?F8>==KE <5@>?@8OB89 2>72@0I5=0 2 1N465B @07;8G=KE C@>2=59 8;8 4>?>;=8B5;L=> ?>;CG5=0 AC<<0, <=>3>:@0B=> ?@52>AE>4OI0O 70B@0BK ?@>3@0<<=>3> D8=0=A8@>20=8O 0=B8:>@@C?F8>==KE <5@>?@8OB89 70 10 ?>A;54=8E ;5B. !;54>20B5;L=>, 8<55B <5AB> 7=0G8B5;L=K9 ?>;>68B5;L=K9 M:>=><8G5A:89 MDD5:B >B 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 >@30=>2 3>AC40@AB25==>9 2;0AB8 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O  5A?C1;8:8 "0B0@AB0=.
>78B82=K5 8 =530B82=K5 B5=45=F88 A>F80;L=>-M:>=><8G5A:>3> 8 ?>;8B8G5A:>3> @0728B8O  5A?C1;8:8 "0B0@AB0= ?> 8B>30< @50;870F88 !B@0B5388
 ?>78B82=K< B5=45=F8O< A>F80;L=>-M:>=><8G5A:>3> 8 ?>;8B8G5A:>3> @0728B8O  5A?C1;8:8 "0B0@AB0= ?> 8B>30< @50;870F88 !B@0B5388 2005 A;54C5B >B=5AB8 A;54CNI85:
?>2KH5=85 C@>2=O >B:@KB>AB8 ?C1;8G=>9 2;0AB8 8 AB@5<;5=85 55 : 480;>3C A =0A5;5=85<, >@30=870F8O<8 8 8E >1J548=5=8O<8;
A>25@H5=AB2>20=85 ?@>F54C@ 2708<>>B=>H5=89 <564C 3@0640=0<8, >@30=870F8O<8 8 >@30=0<8 ?C1;8G=>9 2;0AB8;
@>AB 8=25AB8F8>==>9 ?@82;5:0B5;L=>AB8 8 45;>2>9 0:B82=>AB8 @5A?C1;8:8;
2>2;5G5=85 2 70:>==K9 >1>@>B 1K2H8E @0=55 B5=52K<8 @5AC@A>2;
>@85=B8@ =0 <0:A8<0;L=>5 A>F80;L=>-M:>=><8G5A:>5 @0728B85 @538>=0;
@01>B0 ?> C;CGH5=8N :0G5AB20 G5;>25G5A:>3> :0?8B0;0;
>15A?5G5=85 A>F80;L=>-?>;8B8G5A:>9 AB018;L=>AB8 8 :>=A5=ACA0 2 >1I5AB25.
530B82=KE B5=45=F89 A>F80;L=>-M:>=><8G5A:>3> 8 ?>;8B8G5A:>3> @0728B8O  5A?C1;8:8 "0B0@AB0= ?> 8B>30< @50;870F88 !B@0B5388 2005 =5 2KO2;5=>. >6=> 3>2>@8BL ;8HL > =54>AB0B>G=> CA?5H=>< 2K?>;=5=88 =5:>B>@KE 87 ?>AB02;5==KE 5N >@85=B8@>2 ;81> 2 @O45 A;CG052 > D>@<0;L=>< 2K?>;=5=88 2KB5:0NI8E 87 =55 459AB289.

2. -$$"!" !# !" # /  !"  "!"/   #& 
(70 ?5@8>4 2008   2014 3>4>2)

2.1.!>AB>O=85 =>@<0B82=>-?@02>2>3> @53C;8@>20=8O 0=B8:>@@C?F8>==>9 ?>;8B8:8 70:>=0<8  5A?C1;8:8 "0B0@AB0=, C:070<8 @57845=B0  5A?C1;8:8 "0B0@AB0=, ?>AB0=>2;5=8O<8 8 @0A?>@O65=8O<8 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0=
AA;54>20=85 ?@02>2>3> @53C;8@>20=8O ?@>B82>459AB28O :>@@C?F88 2  5A?C1;8:5 "0B0@AB0= A <><5=B0 >?C1;8:>20=8O !B@0B5388 0=B8:>@@C?F8>==>9 ?>;8B8:8  5A?C1;8:8 "0B0@AB0= 2005 3>40 ?>:070;>, GB> ?@8=OBK5 =>@<0B82=K5 ?@02>2K5 0:BK ?> >@30=870F88 8 >ACI5AB2;5=8N ?@>B82>459AB28O :>@@C?F88 2 >A=>2=>< A>>B25BAB2CNB 70:>=>40B5;LAB2C  >AA89A:>9 $545@0F88 > ?@>B82>459AB288 :>@@C?F88 8 ?>;>65=8O< C:070==>9 AB@0B5388.
A=>2>?>;030NI8<8 4>:C<5=B0<8 2 MB>9 AD5@5 (2 =04;560I59 @540:F88) O2;ONBAO (O2;O;8AL) 0:>=  5A?C1;8:8 "0B0@AB0= >B 04.05.2006 !34- "  ?@>B82>459AB288 :>@@C?F88 2  5A?C1;8:5 "0B0@AB0=, #:07 @57845=B0  5A?C1;8:8 "0B0@AB0= >B 31.01.2011 ! #-37 1 CB25@645=88 >;>65=8O >1 #?@02;5=88 @57845=B0  5A?C1;8:8 "0B0@AB0= ?> 2>?@>A0< 0=B8:>@@C?F8>==>9 ?>;8B8:8, #:07 @57845=B0  5A?C1;8:8 "0B0@AB0= >B 23.03.2011 ! #-148  <5@0E ?> >@30=870F88 8 ?@>2545=8N <>=8B>@8=30 MDD5:B82=>AB8 45OB5;L=>AB8 >@30=>2 8A?>;=8B5;L=>9 2;0AB8  5A?C1;8:8 "0B0@AB0=, B5@@8B>@80;L=KE >@30=>2 D545@0;L=KE >@30=>2 8A?>;=8B5;L=>9 2;0AB8 ?>  5A?C1;8:5 "0B0@AB0=, >@30=>2 <5AB=>3> A0<>C?@02;5=8O <C=8F8?0;L=KE @09>=>2 8 3>@>4A:8E >:@C3>2  5A?C1;8:8 "0B0@AB0= ?> @50;870F88 0=B8:>@@C?F8>==KE <5@ =0 B5@@8B>@88  5A?C1;8:8 "0B0@AB0= (2<5AB5 A 5@5G=5< >A=>2=KE ?>:070B5;59 4;O ?@>2545=8O <>=8B>@8=30 MDD5:B82=>AB8 45OB5;L=>AB8 >@30=>2 8A?>;=8B5;L=>9 2;0AB8  5A?C1;8:8 "0B0@AB0=, B5@@8B>@80;L=KE >@30=>2 D545@0;L=KE >@30=>2 8A?>;=8B5;L=>9 2;0AB8 ?>  5A?C1;8:5 "0B0@AB0=, >@30=>2 <5AB=>3> A0<>C?@02;5=8O <C=8F8?0;L=KE @09>=>2 8 3>@>4A:8E >:@C3>2  5A?C1;8:8 "0B0@AB0= ?> @50;870F88 0=B8:>@@C?F8>==KE <5@ =0 B5@@8B>@88  5A?C1;8:8 "0B0@AB0=), #:07 @57845=B0  5A?C1;8:8 "0B0@AB0= >B 02.06.2012 ! #-415   5A?C1;8:0=A:>9 M:A?5@B=>9 3@C??5 ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88 (2<5AB5 A >;>65=85< >  5A?C1;8:0=A:>9 M:A?5@B=>9 3@C??5 ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88), #:07 @57845=B0  5A?C1;8:8 "0B0@AB0= >B 24.09.2014 ! #-920  2=5A5=88 87<5=5=89 2 >B45;L=K5 C:07K @57845=B0  5A?C1;8:8 "0B0@AB0= ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88, #:07 @57845=B0  5A?C1;8:8 "0B0@AB0= >B 06.11.2013 ! #-1084  <5@0E ?> @50;870F88 >B45;L=KE ?>;>65=89 $545@0;L=>3> 70:>=0  ?@>B82>459AB288 :>@@C?F88 8 $545@0;L=>3> 70:>=0  :>=B@>;5 70 A>>B25BAB285< @0AE>4>2 ;8F, 70<5I0NI8E 3>AC40@AB25==K5 4>;6=>AB8, 8 8=KE ;8F 8E 4>E>40< 8 > 2=5A5=88 87<5=5=89 2 >B45;L=K5 C:07K @57845=B0  5A?C1;8:8 "0B0@AB0= ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88, #:07 @57845=B0  5A?C1;8:8 "0B0@AB0= >B 30.09.2010 ! #-636  <5@0E ?> @50;870F88 >B45;L=KE ?>;>65=89 $545@0;L=>3> 70:>=0  ?@>B82>459AB288 :>@@C?F88, #:07 @57845=B0  5A?C1;8:8 "0B0@AB0= >B 19.04.2010 ! #-237 1 CB25@645=88 >;>65=8O > ?>@O4:5 @07<5I5=8O A2545=89 > 4>E>40E, @0AE>40E, >1 8<CI5AB25 8 >1O70B5;LAB20E 8<CI5AB25==>3> E0@0:B5@0 ;8F, 70<5I0NI8E 3>AC40@AB25==K5 4>;6=>AB8  5A?C1;8:8 "0B0@AB0=, 3>AC40@AB25==KE 3@0640=A:8E A;C60I8E  5A?C1;8:8 "0B0@AB0= 8 G;5=>2 8E A5<59 =0 >D8F80;L=KE A09B0E 3>AC40@AB25==KE >@30=>2  5A?C1;8:8 "0B0@AB0= 8 ?@54>AB02;5=8O MB8E A2545=89 A@54AB20< <0AA>2>9 8=D>@<0F88 4;O >?C1;8:>20=8O, >AB0=>2;5=85 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 20.09.2007 ! 474 1 CB25@645=88 >@O4:0 ?@54AB02;5=8O =>@<0B82=KE ?@02>2KE 0:B>2 8 8E ?@>5:B>2 =0 0=B8:>@@C?F8>==CN M:A?5@B87C 2 018=5B 8=8AB@>2  5A?C1;8:8 "0B0@AB0=, >AB0=>2;5=85 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 24.12.2009 ! 883 1 CB25@645=88 >@O4:0 ?@>2545=8O 0=B8:>@@C?F8>==>9 M:A?5@B87K >B45;L=KE =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2 8 > 2=5A5=88 87<5=5=89 2 >B45;L=K5 ?>AB0=>2;5=8O 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0=, >AB0=>2;5=85 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 19.07.2014 ! 512 1 CB25@645=88 >AC40@AB25==>9 ?@>3@0<<K  50;870F8O 0=B8:>@@C?F8>==>9 ?>;8B8:8  5A?C1;8:8 "0B0@AB0= =0 2015-2020 3>4K, >AB0=>2;5=85 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 10.06.2011 ! 463 1 >@30=870F88 8 ?@>2545=88 <>=8B>@8=30 MDD5:B82=>AB8 45OB5;L=>AB8 >@30=>2 8A?>;=8B5;L=>9 2;0AB8  5A?C1;8:8 "0B0@AB0=, B5@@8B>@80;L=KE >@30=>2 D545@0;L=KE >@30=>2 8A?>;=8B5;L=>9 2;0AB8 ?>  5A?C1;8:5 "0B0@AB0=, >@30=>2 <5AB=>3> A0<>C?@02;5=8O <C=8F8?0;L=KE @09>=>2 8 3>@>4A:8E >:@C3>2  5A?C1;8:8 "0B0@AB0=, 8=KE 3>AC40@AB25==KE >@30=>2 8 >@30=870F89 ?> @50;870F88 0=B8:>@@C?F8>==KE <5@ =0 B5@@8B>@88  5A?C1;8:8 "0B0@AB0= (2<5AB5 A  53;0<5=B>< ?@54AB02;5=8O 8=D>@<0F88 4;O >ACI5AB2;5=8O <>=8B>@8=30 MDD5:B82=>AB8 45OB5;L=>AB8 >@30=>2 8A?>;=8B5;L=>9 2;0AB8  5A?C1;8:8 "0B0@AB0=, B5@@8B>@80;L=KE >@30=>2 D545@0;L=KE >@30=>2 8A?>;=8B5;L=>9 2;0AB8 ?>  5A?C1;8:5 "0B0@AB0=, >@30=>2 <5AB=>3> A0<>C?@02;5=8O <C=8F8?0;L=KE @09>=>2 8 3>@>4A:8E >:@C3>2  5A?C1;8:8 "0B0@AB0=, 8=KE 3>AC40@AB25==KE >@30=>2 8 >@30=870F89 ?> @50;870F88 0=B8:>@@C?F8>==KE <5@ =0 B5@@8B>@88  5A?C1;8:8 "0B0@AB0=),  0A?>@O65=85 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 07.10.2013 ! 1944-@  <5@>?@8OB8OE ?> ?@>B82>459AB28N :>@@C?F88 2  5A?C1;8:5 "0B0@AB0=,  0A?>@O65=85 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 11.05.2013 ! 782-@  <5@0E ?> ?@>B82>459AB28N :>@@C?F88 2 8A?>;=8B5;L=KE >@30=0E 3>AC40@AB25==>9 2;0AB8 8 >@30=0E <5AB=>3> A0<>C?@02;5=8O  5A?C1;8:8 "0B0@AB0=,  0A?>@O65=85 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 21.12.2011 ! 2416-@  <5@0E ?@>B82>459AB28O :>@@C?F88 2 8A?>;=8B5;L=KE >@30=0E 3>AC40@AB25==>9 2;0AB8.
@8=OB85 =>@<0B82=KE 0:B>2   =5 A0<>F5;L. 5>1E>48<>, GB>1K >=8 @50;L=> @53C;8@>20;8 A>F80;L=K5 >B=>H5=8O 8 A?>A>1AB2>20;8 A=865=8N C@>2=O :>@@C?F88.
2.2.7CG5=85 ?@0:B8G5A:8E <5@, ?@8=8<05<KE 2 F5;OE ?@>B82>459AB28O :>@@C?F88, A 2KE>4>< 2 8A?>;=8B5;L=K5 >@30=K 3>AC40@AB25==>9 2;0AB8  5A?C1;8:8 "0B0@AB0= 8 >@30=K <5AB=>3> A0<>C?@02;5=8O
 E>45 8AA;54>20=8O ?@0:B8G5A:8E <5@, ?@8=8<05<KE 2 F5;OE ?@>B82>459AB28O :>@@C?F88, A 2KE>4>< 2 8A?>;=8B5;L=K5 >@30=K 3>AC40@AB25==>9 2;0AB8  5A?C1;8:8 "0B0@AB0= 8 >@30=K <5AB=>3> A0<>C?@02;5=8O, 1K;8 >1=0@C65=K B8?8G=K5 =54>AB0B:8, B.5. =5>4=>:@0B=> ?>2B>@ONI85AO 2 @07=KE <8=8AB5@AB20E 8 254><AB20E, <C=8F8?0;L=KE >1@07>20=8OE. =8 A8AB5<0B878@>20=K ?> :@8B5@8N :>;8G5AB20 >H81>:, >1=0@C65==KE 2 ?@54<5B0E 87CG5=8O, B0:8E :0::
I.>@<0B82=>-?@02>2>5 @53C;8@>20=85 0=B8:>@@C?F8>==>9 ?>;8B8:8.
II.0B5@80;K 70A540=89 :><8AA89 (A>25B>2) ?@8 @C:>2>48B5;OE ?> ?@>B82>459AB28N :>@@C?F88 (0:BC0;L=>ABL @0AA<0B@8205<KE 2>?@>A>2, ?@0:B8G5A:0O F5==>ABL ?@8=8<05<KE @5H5=89, >ACI5AB2;5=85 :>=B@>;O 70 8E @50;870F859).
III.0B5@80;K 70A540=89 :><8AA89 ?> A>1;N45=8N B@51>20=89 : A;C651=><C ?>2545=8N 8 C@53C;8@>20=8N :>=D;8:B0 8=B5@5A>2 (A8AB5<0B8G=>ABL @01>BK, ?>;=>B0 ?>43>B>2:8 <0B5@80;>2 8 @0A:@KB8O 2>?@>A>2, A>>B25BAB285 70:>=>40B5;LAB2C ?@8=8<05<KE @5H5=89).
IV.54><AB25==K5 8 <C=8F8?0;L=K5 ?@>3@0<<K ?@>B82>459AB28O :>@@C?F88 8 =>@<0B82=K5 ?@02>2K5 0:BK, 8740==K5 4;O 8A?>;=5=8O MB8E ?@>3@0<<.
V.0B5@80;K A>F8>;>38G5A:8E 8AA;54>20=89, ?@>2545==KE >@30=0<8 3>AC40@AB25==>9 2;0AB8  5A?C1;8:8 "0B0@AB0= 8 >@30=0<8 <5AB=>3> A0<>C?@02;5=8O.
>A:>;L:C ?5@54 8AA;54>20B5;LA:8< :>;;5:B82>< =5 AB028;0AL F5;L A>AB028BL ?>4@>1=K9 ?5@5G5=L 2A5E >1=0@C65==KE =0@CH5=89 2 AD5@5 @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8, B> ?@8 >BACBAB288 ?@87=0:>2 A8AB5<0B8G=>AB8 =54>G5B>2 8;8 >A>1>9 7=0G8<>AB8 >=8 =5 >?@545;O;8AL 2 :0G5AB25 B8?8G=KE.
I.>@<0B82=>-?@02>2>5 @53C;8@>20=85 0=B8:>@@C?F8>==>9 ?>;8B8:8.
1.1."8?8G=K5 =54>AB0B:8
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
1.2."8?8G=K5 =54>AB0B:8
1.2.1. >B45;L=KE >@30=0E 2;0AB8 ?@>2>48BAO 0=B8:>@@C?F8>==0O M:A?5@B870 8=48284C0;L=KE =>@<0B82=>-?@02>2KE 0:B>2, GB> =5 ?@54CA<>B@5=> 459AB2CNI8< 70:>=>40B5;LAB2>< 8 O2;O5BAO 871KB>G=K<.  4@C38E >@30=0E 2;0AB8 0=B8:>@@C?F8>==0O M:A?5@B870 ?@>2>48BAO D>@<0;L=>, 157 ?>43>B>2:8 70:;NG5=8O. <5AB> A>>B25BAB2CNI8E 70:;NG5=89 2545BAO ;8HL C@=0; CG5B0 =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2, ?>ABC?82H8E =0 0=B8:>@@C?F8>==CN M:A?5@B87C  B@5BL5< A;CG05 M:A?5@B870 =5 ?@>2>48BAO 2>2A5, GB> O2;O5BAO 3@C1K< =0@CH5=85< $545@0;L=>3> 70:>=0 1 0=B8:>@@C?F8>==>9 M:A?5@B875 =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2, >AB0=>2;5=8O @028B5;LAB20  >AA89A:>9 $545@0F88 !96 >B 26 D52@0;O 2010 3. 1 0=B8:>@@C?F8>==>9 M:A?5@B875 =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2 8 ?>AB0=>2;5=8O 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= !883 >B 24.12.2009 1 CB25@645=88 >@O4:0 ?@>2545=8O 0=B8:>@@C?F8>==>9 M:A?5@B87K =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2 8 > 2=5A5=88 87<5=5=89 2 >B45;L=K5 ?>AB0=>2;5=8O 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= 
1.2.2. @O45 >@30=>2 2;0AB8 >B25BAB25==K5 ;8F0 70 ?@>2545=85 0=B8:>@@C?F8>==>9 M:A?5@B87K =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2 =5 ?@>E>48;8 ?>2KH5=85 :20;8D8:0F88 ?> A>>B25BAB2CNI8< >1@07>20B5;L=K< ?@>3@0<<0< 4>?>;=8B5;L=>3> ?@>D5AA8>=0;L=>3> >1@07>20=8O (8<5==> ?> ?@>872>4AB2C 0=B8:>@@C?F8>==>9 M:A?5@B87K), GB> =0@CH05B >48= 87 >A=>2=KE ?@8=F8?>2 >@30=870F88 0=B8:>@@C?F8>==>9 M:A?5@B87K =>@<0B82=KE ?@02>2KE 0:B>2 (?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2), ?@54CA<>B@5==K9 $545@0;L=K< 70:>=>< 1 0=B8:>@@C?F8>==>9 M:A?5@B875 =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2, 0 8<5==>: :><?5B5=B=>ABL ;8F, ?@>2>4OI8E 0=B8:>@@C?F8>==CN M:A?5@B87C =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2.  =5:>B>@KE A;CG0OE ;8F0, C?>;=><>G5==K5 =0 ?@>2545=85 0=B8:>@@C?F8>==>9 M:A?5@B87K, AC4O ?> ?@54AB02;5==K< 4>:C<5=B0<, =5 8<55B 4065 N@848G5A:>3> >1@07>20=8O.
1.2.3.AA;54>20=85 70:;NG5=89 ?> @57C;LB0B0< ?@>2545==KE 0=B8:>@@C?F8>==KE M:A?5@B87 =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2 2 <8=8AB5@AB20E 8 254><AB20E ?>:070;>, GB> 2 ?>402;ONI5< 1>;LH8=AB25 A;CG052 :>@@C?F8>35==K5 D0:B>@K 2 8AA;54C5<KE 0:B0E 2KO2;5=K =5 1K;8. 0==>5 >1AB>OB5;LAB2> 3>2>@8B ;81> > 2KA>:>9 N@848G5A:>9 B5E=8:5 @07@01>BG8:>2 254><AB25==KE 8 <C=8F8?0;L=KE =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2, ;81> > B><, GB> ?@>2545=85 0=B8:>@@C?F8>==>9 M:A?5@B87K =>A8B D>@<0;L=K9 E0@0:B5@.
 5:><5=40F88:
0)?@>2>48BL 0=B8:>@@C?F8>==CN M:A?5@B87C A>3;0A=> B@51>20=8O< 459AB2CNI53> 70:>=>40B5;LAB20.
1)>15A?5G8BL ?@>872>4AB2> 0=B8:>@@C?F8>==>9 M:A?5@B87K :><?5B5=B=K<8 =0 B> A?5F80;8AB0<8;
2)>@30=87>20BL ?>2KH5=85 :20;8D8:0F88 ;8F, ?>AB>O==> 8;8 2@5<5==> >ACI5AB2;ONI8E ?@>872>4AB2> 0=B8:>@@C?F8>==>9 M:A?5@B87K.
1.3."8?8G=K5 =54>AB0B:8
1.3.1.8F0, @07@010BK20NI85 ?@>5:BK =>@<0B82=KE 0:B>2, G0AB> O2;ONBAO >B25BAB25==K<8 70 ?@>2545=85 0=B8:>@@C?F8>==>9 M:A?5@B87K, GB> <>65B 2K7K20BL A><=5=8O 2 >1J5:B82=>AB8.
 5:><5=40F88:
0)>15A?5G8BL >1J5:B82=>ABL 0=B8:>@@C?F8>==>9 M:A?5@B87K, ?> 2>7<>6=>AB8 =5 4>?CA:0BL : ?@>872>4AB2C 0=B8:>@@C?F8>==>9 M:A?5@B87K ;8F, ?@8=8<02H8E CG0AB85 2 @07@01>B:5 ?@>5:B>2 A>>B25BAB2CNI8E =>@<0B82=>-?@02>2KE 0:B>2.
1.4."8?8G=K5 =54>AB0B:8
1.4.1.=D>@<0F8O > @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8 2 0@E820E 8 =0 >D8F80;L=KE A09B0E >@30=>2 2;0AB8 70 0=0;878@C5<K9 ?5@8>4 2 ?>;=>< >1J5<5 G0AB> >BACBAB2C5B, >A>15==> 2 ?5@8>4 2008-2013 3>4>2. =>2L ?@8=OBK5 A>B@C4=8:8 >B<5G0NB, GB> <0B5@80;K 8< =5 1K;8 ?5@540=K.
 5:><5=40F88:
0)4;O >15A?5G5=8O 4>;6=>9 ?@>7@0G=>AB8 @07<5AB8BL =0 >D8F80;L=>< A09B5 254><AB20 8=D>@<0F8N, >1O70B5;L=CN : @07<5I5=8N A>3;0A=> CB25@645==K< 48=K< B@51>20=8O< : @07<5I5=8N 8 =0?>;=5=8N @0745;>2 >D8F80;L=KE A09B>2 8A?>;=8B5;L=KE >@30=>2 3>AC40@AB25==>9 2;0AB8 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O  5A?C1;8:8 "0B0@AB0= 2 8=D>@<0F8>==>-B5;5:><<C=8:0F8>==>9 A5B8 =B5@=5B ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88, 2 B>< G8A;5 70 1>;55 @0==89 ?5@8>4. >?>;=8BL >BACBAB2CNI8<8 <0B5@80;0<8 70 2008-2014 3>4K 8 ?>445@6820BL 2 0:BC0;L=>< A>AB>O=88 @0745; @>B82>459AB285 :>@@C?F88 
1)! F5;LN >15A?5G5=8O ?@55<AB25==>AB8 2 @50;870F88 <5@ 0=B8:>@@C?F8>==>9 ?>;8B8:8 ?5@54020BL A>>B25BAB2CNI85 <0B5@80;K >B >4=>3> >B25BAB25==>3> A>B@C4=8:0 4@C3><C (2 A;CG05 8E A<5=K) ?> 0:BC.
1.5.@>1;5<=K5 <><5=BK:
1.5.1.@8 0=0;875 ?@0:B8:8 ?@8<5=5=8O 459AB2CNI53> $545@0;L=>3> 70:>=0  ?@>B82>459AB288 :>@@C?F88 2KO28;0AL A;54CNI0O B8?8G=0O A8BC0F8O. !>3;0A=> AB. 9 C:070==>3> 70:>=0, 3>AC40@AB25==K9 8;8 <C=8F8?0;L=K9 A;C60I89 >1O70= C254><;OBL ?@54AB028B5;O =0=8<0B5;O (@01>B>40B5;O), >@30=K ?@>:C@0BC@K 8;8 4@C385 3>AC40@AB25==K5 >@30=K >1> 2A5E A;CG0OE >1@0I5=8O : =5<C :0:8E-;81> ;8F 2 F5;OE A:;>=5=8O 53> : A>25@H5=8N :>@@C?F8>==KE ?@02>=0@CH5=89. $0:B B0:>3> C254><;5=8O @0AA<0B@8205BAO =0 70A540=88 A>>B25BAB2CNI59 :><8AA88 8 ?@8=8<05BAO @5H5=85 > =0?@02;5=88 C254><;5=8O 2 >@30=K ?@>:C@0BC@K. 8F>, :>B>@>5 A:;>=O;> A;C60I53> : B0:><C ?@>B82>?@02=><C ?>2545=8N, 2K7K205BAO =0 4>?@>A, =0 :>B>@>< 70O2;O5B >1 >3>2>@5 A> AB>@>=K 3>AC40@AB25==>3> 8;8 <C=8F8?0;L=>3> A;C60I53>. 5@54 ?@02>>E@0=8B5;L=K<8 >@30=0<8 2AB05B 2>?@>A > 2>71C645=88 2 >B=>H5=88 B0:>3> 4>1@>?>@O4>G=>3> A;C60I53> C3>;>2=>3> 45;0 70 70254><> ;>6=K9 4>=>A, GB> =8:0: =5 A?>A>1AB2C5B 53> 40;L=59H59 0:B82=>9 3@0640=A:>9 ?>78F88.
 5:><5=40F88:
@07@01>B0BL <5E0=87< 70I8BK 70O28B5;59 > D0:B0E A:;>=5=8O : A>25@H5=8N :>@@C?F8>==KE ?@02>=0@CH5=89.
II.0B5@80;K 70A540=89 :><8AA89 (A>25B>2) ?@8 @C:>2>48B5;OE ?> ?@>B82>459AB28N :>@@C?F88 (0:BC0;L=>ABL @0AA<0B@8205<KE 2>?@>A>2, ?@0:B8G5A:0O F5==>ABL ?@8=8<05<KE @5H5=89, >ACI5AB2;5=85 :>=B@>;O 70 8E @50;870F859).
7CG5=85 <0B5@80;>2 70A540=89 405B >A=>20=85 70:;NG8BL, GB> @0AA<0B@8205<K5 =0 =8E 2>?@>AK O2;ONBAO 0:BC0;L=K<8, 0 ?@8=8<05<K5 @5H5=8O 8<5NB ?@0:B8G5A:>5 7=0G5=85.
2.1."8?8G=K5 =54>AB0B:8:
2.1.1.BACBAB2C5B 4>;6=K9 ?@02>2>9 8 >@30=870F8>==K9 :>=B@>;L 70 ?5@A>=0;L=K< A>AB02>< :><8AA88 (A>25B0) ?> ?@>B82>459AB28N :>@@C?F88. 5@8>48G5A:8 ?@>B>:>;K 70A540=8O 254CBAO =5=04;560I8< >1@07><. 0G0ABCN ?> =8< =52>7<>6=> >?@545;8BL ?5@A>=0;L=K9 A>AB02 CG0AB=8:>2, =0;8G85 :2>@C<0, ?@02><>G=>ABL ?@8=OB8O @5H5=89 =0 B0:>< 70A540=88.
 5:><5=40F88:
0)#:07K20BL 2 ?@>B>:>;5 70A540=8O A>>B25BAB2CNI59 :><8AA88 (A>25B0) ?> ?@>B82>459AB28N :>@@C?F88, 53> CG0AB=8:>2, 2 B>< G8A;5 G;5=>2 :><8AA88 (A>25B0), 40BC 8 =><5@. @8 87<5=5=88 A>AB020 :><8AA88 (A>25B0) ?@8=8<0BL ?@02>2>9 0:B, CB25@640NI89 55 A>AB02 2 =>2>9 @540:F88, GB> ?>72>;8B A8AB5<0B878@>20BL @01>BC 8 =5 A>74020BL 85@0@E8N 4>:C<5=B>2, ?@8 :>B>@>9 4;O >?@545;5=8O ?5@A>=0;L=>3> A>AB020 :><8AA88 (A>25B0) 8 55 ?@02><>G=>AB8 =5>1E>48<> >1@0I0BLAO : 4>:C<5=B0<, >BACBAB2CNI8< 4065 2 0@E825;
1)@07@01>B0BL ?@8<5@=K9 (548=>>1@07=K9) ?@>B>:>; 70A540=8O A>>B25BAB2CNI59 :><8AA88 (A>25B0).
2.2."8?8G=K5 =54>AB0B:8
2.2.1. @O45 >@30=>2 8<55B <5AB> =5C40G=0O ?@0:B8:0 ?@>2545=8O A<5H0==KE 70A540=89 :><8AA88 ?> ?@>D8;0:B8:5 ?@02>=0@CH5=89, :><8AA88 ?> ?@>B82>459AB28N :>@@C?F88, 0=B8B5@@>@8AB8G5A:>9, 0=B8=0@:>B8G5A:>9 8 4@C38E :><8AA89, GB> A<5H8205B ?>;=><>G8O 8 :><?5B5=F88 >B45;L=KE :><8AA89, =5 ?>72>;O5B >?@545;8BL N@848G5A:CN :>@@5:B=>ABL 1>;LH8=AB20 3>;>A>2 ?> :064><C 2>?@>AC.
 5:><5=40F88:
0)=5 ?>4<5=OBL ?@>2545=85 >B45;L=KE 70A540=89 :><8AA88 (A>25B0) ?> ?@>B82>459AB28N :>@@C?F88 ?@>2545=85< A>2<5AB=KE 70A540=89 <56254><AB25==>9 :><8AA88 ?> ?@>D8;0:B8:5 ?@02>=0@CH5=89, 0=B8B5@@>@8AB8G5A:>9, 0=B8=0@:>B8G5A:>9 8 4@C38E :><8AA89, 0 ?@>2>48BL ?>A;54=85 4>?>;=8B5;L=> 8 =57028A8<> >B 70A540=89 :><8AA88 (A>25B0) ?> ?@>B82>459AB28N :>@@C?F88.
1)?@>4>;60BL =0 70A540=8OE :><8AA88 (A>25B0) ?> ?@>B82>459AB28N :>@@C?F88 ?@54<5B=>5 @0AA<>B@5=85 0:BC0;L=KE 2>?@>A>2 ?> ?@>B82>459AB28N :>@@C?F88 A ?@8=OB85< ?@0:B8G5A:8 7=0G8<KE @5H5=89 ?> ACI5AB2C :064>9 ?@>1;5<K.
III.0B5@80;K 70A540=89 :><8AA89 ?> A>1;N45=8N B@51>20=89 : A;C651=><C ?>2545=8N 8 C@53C;8@>20=8N :>=D;8:B0 8=B5@5A>2 (A8AB5<0B8G=>ABL @01>BK, ?>;=>B0 ?>43>B>2:8 <0B5@80;>2 8 @0A:@KB8O 2>?@>A>2, A>>B25BAB285 70:>=>40B5;LAB2C ?@8=8<05<KE @5H5=89).
3.1."8?8G=K5 =54>AB0B:8:
3.1.1.BACBAB2C5B 4>;6=K9 ?@02>2>9 8 >@30=870F8>==K9 :>=B@>;L 70 ?5@A>=0;L=K< A>AB02>< :><8AA89 ?> A>1;N45=8N B@51>20=89 : A;C651=><C ?>2545=8N 8 C@53C;8@>20=8N :>=D;8:B0 8=B5@5A>2. 5@8>48G5A:8 ?@>B>:>;K 70A540=8O 254CBAO =5=04;560I8< >1@07><. 0G0ABCN ?> =8< =52>7<>6=> >?@545;8BL ?5@A>=0;L=K9 A>AB02 CG0AB=8:>2, =0;8G85 :2>@C<0, ?@02><>G=>ABL ?@8=OB8O @5H5=89 =0 B0:>< 70A540=88.
3.1.2.=0;87 ?@54AB02;5==KE 4>:C<5=B>2, @53C;8@CNI8E 45OB5;L=>ABL :><8AA89, ?>72>;O5B 3>2>@8BL > =87:>< :0G5AB25 @01>BK 40==KE :><8AA89, ?>A:>;L:C, 2>-?5@2KE, 2 ?@>B>:>;0E 70A540=89 =5 >B@0605BAO A>45@60=85 @0AA<0B@8205<KE 2>?@>A>2, 2>-2B>@KE, :>=B@>;L 70 @50;870F859 ?@8=OBKE =0 70A540=8OE :><8AA89 @5H5=89 =5 >ACI5AB2;O5BAO, B0: :0: 2>?@>AK 8A?>;=5=8O ?@8=OBKE @5H5=89 =5 2:;NG0NBAO 2 ?>25AB:C 4=O ?>A;54CNI8E 70A540=89.
3.1.3.> <=>38E A;CG0OE ?@>B>:>;K 70A540=89 :><8AA88 254CBAO D>@<0;L=>, 2 =8E =5 >B@0605BAO ?@>F54C@0 8 @57C;LB0BK 3>;>A>20=8O, >BACBAB2C5B >1>A=>20=85 ?@8=OBKE @5H5=89 8 ?>4?8A8 G;5=>2 :><8AA88.
 5:><5=40F88:
0)?@8<5=OBL 2 @01>B5 <C=8F8?0;L=KE :><8AA89 ?> A>1;N45=8N B@51>20=89 : A;C651=><C ?>2545=8N 8 C@53C;8@>20=8N :>=D;8:B0 <5B>48G5A:>5 ?>A>185 @30=870F8O @01>BK :><8AA89 ?> A>1;N45=8N B@51>20=89 : A;C651=><C ?>2545=8N 8 C@53C;8@>20=8N :>=D;8:B0 8=B5@5A>2 2 >@30=0E <5AB=>3> A0<>C?@02;5=8O  5A?C1;8:8 "0B0@AB0=, ?>43>B>2;5==>5 8 8740==>5 2 2012 3>40 :>;;5:B82>< 02B>@>2   ..8:552K<, ..010=>2K<, ..0:;0:>2>9, ...0=:@0B>2K<, !.$. 0E8<>2K<.
1)C:07K20BL 2 ?@>B>:>;5 70A540=8O A>>B25BAB2CNI59 :><8AA88 ?> A>1;N45=8N B@51>20=89 : A;C651=><C ?>2545=8N 8 C@53C;8@>20=8N :>=D;8:B0 8=B5@5A>2 55 A>AB02, C:07K20BL 40BC 8 =><5@ ?@02>2>3> 0:B0, 40==K9 A>AB02 CB25@640NI89. @8 87<5=5=88 A>AB020 :><8AA88 ?@8=8<0BL ?@02>2>9 0:B, CB25@640NI89 55 A>AB02 2 =>2>9 @540:F88, GB> ?>72>;8B A8AB5<0B878@>20BL @01>BC :><8AA88 8 =5 A>74020BL 85@0@E8N 4>:C<5=B>2, ?@8 :>B>@>9 4;O >?@545;5=8O ?5@A>=0;L=>3> A>AB020 :><8AA88 8 55 ?@02><>G=>AB8 =5>1E>48<> >1@0B8BLAO : 4>:C<5=B0<, >BACBAB2CNI8< 4065 2 0@E825.
2)?>;>68B5;L=0O ?@0:B8:0 >@30=870F88 :><8AA89 ?> A>1;N45=8N B@51>20=89 : A;C651=><C ?>2545=8N 8 C@53C;8@>20=8N :>=D;8:B0 8=B5@5A>2 ?@54AB02;O5B A>1>9 A;54CNI85 D>@<K:
1) ?5@540G0 =0 >A=>25 A>3;0H5=8O (4>3>2>@0) ?>;=><>G89 ?> @0AA<>B@5=8N A>>B25BAB2CNI8E 2>?@>A>2 2 :><8AA8N B>3> 8;8 8=>3> A>>B25BAB2CNI53> <C=8F8?0;L=>3> 8;8 3>AC40@AB25==>3> >@30=0;
2) ?@>2545=85 A>2<5AB=KE 70A540=89 B0:8E :><8AA89 2 <C=8F8?0;L=KE >1@07>20=8OE (2<5AB5 A A5;LA:8<8 ?>A5;5=8O<8) 8;8 3>AC40@AB25==KE >@30=0E (2<5AB5 A A>>B25BAB2CNI8<8 ?@>D8;L=K<8 >@30=0<8 2;0AB8 @09>==>3> C@>2=O).
IV.54><AB25==K5 8 <C=8F8?0;L=K5 ?@>3@0<<K ?@>B82>459AB28O :>@@C?F88 8 =>@<0B82=K5 ?@02>2K5 0:BK, 8740==K5 4;O 8A?>;=5=8O MB8E ?@>3@0<<.
4.1."8?8G=K5 =54>AB0B:8:
4.1.1.=B8:>@@C?F8>==K5 ?@>3@0<<K 2A5E 8AA;54>20==KE >@30=>2 3>AC40@AB25==>9 2;0AB8 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O =5 ?>;=>ABLN A>>B25BAB2CNB @5A?C1;8:0=A:8< 0=B8:>@@C?F8>==K< ?@>3@0<<0< 70 8AA;54C5<K9 ?5@8>4 2@5<5=8. 081>;55 @0A?@>AB@0=5==K<8 =54>G5B0<8 O2;O;8AL:
1)=52:;NG5=85 >B45;L=KE <5@>?@8OB89, ?@54CA<>B@5==KE 4;O A>>B25BAB2CNI8E >@30=>2 2;0AB8 2 @5A?C1;8:0=A:8E 0=B8:>@@C?F8>==KE ?@>3@0<<0E, 2 0=B8:>@@C?F8>==K5 ?@>3@0<<K A>>B25BAB2CNI8E >@30=>2 2;0AB8;
2)=5A>>B25BAB285 70?;0=8@>20==KE A@>:>2 8A?>;=5=8O <5@>?@8OB89, ?@54CA<>B@5==KE @5A?C1;8:0=A:8<8 ?@>3@0<<0<8 2 ?@>3@0<<0E ?> >@30=0< 2;0AB8 (?5@5=>A =0 ?>74=89 A@>:);
3)>BACBAB285 8;8 <5B>4>;>38G5A:85 >H81:8 2 D>@<C;8@>20=88 ?>:070B5;59 (8=48:0B>@>2) MDD5:B82=>AB8 ?@>3@0<< ?> >@30=0< 2;0AB8.
4.1.2.08<5=>20=85 @O40 <5@>?@8OB89, ?@54CA<>B@5==KE 254><AB25==K<8 8 <C=8F8?0;L=K<8 ?@>3@0<<0<8, D>@<C;8@C5BAO >G5=L H8@>:>, =5 @0A:@K205B A>45@60=85 <5@>?@8OB8O 8 <5E0=87< 53> @50;870F88, 2A;54AB285 G53> =52>7<>6=> CAB0=>28BL MDD5:B82=>ABL 8 @50;L=CN 8A?>;=8<>ABL 254><AB25==>3> 8 <C=8F8?0;L=>3> ?;0=8@>20=8O.
4.1.3.54><AB25==K5 8 <C=8F8?0;L=K5 ?@>3@0<<K =5 A>45@60B B>G=>9 40BK 8A?>;=5=8O 70?;0=8@>20==KE <5@>?@8OB89 2 @0<:0E @50;870F88 A>>B25BAB2CNI59 ?@>3@0<<K 8;8 A@>: 8E 8A?>;=5=8O =5 ?@54CA<>B@5=. 0==K5 ?>;>65=8O =5 ?>72>;ONB CAB0=>28BL @50;8AB8G=>ABL 8 @5AC@A=CN >15A?5G5==>ABL ?;0=8@C5<KE <5@>?@8OB89.
4.1.4.> @O4C 254><AB25==KE 8 <C=8F8?0;L=KE ?@>3@0<< >BACBAB2C5B 8=D>@<0F8O > :>=:@5B=>< 4>;6=>AB=>< ;8F5, >B25G0NI5< 70 A2>52@5<5==>ABL 8 :0G5AB2> @07@01>B:8 8 :>@@5:B8@>2:8 4>:C<5=B>2 0=B8:>@@C?F8>==>3> ?;0=8@>20=8O, >ACI5AB2;5=8O <5@>?@8OB89 ?> 4>AB865=8N >1>7=0G5==KE 2 254><AB25==KE 8 <C=8F8?0;L=KE ?@>3@0<<0E F5;59, 8 70 @57C;LB0B82=>ABL 8 MDD5:B82=>ABL @5H5=8O 7040G ?@>D8;0:B8:8 :>@@C?F8>==>3> ?>2545=8O 8 :>@@C?F8>==>9 ?@5ABC?=>AB8.
 5:><5=40F88:
0)@07@010BK20BL 0=B8:>@@C?F8>==K5 ?@>3@0<<K B0:8< >1@07><, GB>1K ?@54CA<>B@5==K5 2 =8E <5@>?@8OB8O 2 ?>;=>9 <5@5 A>>B25BAB2>20;8 <5@>?@8OB8O< 0=0;>38G=KE @5A?C1;8:0=A:8E ?@>3@0<<, =5 4>?CA:0;8 87JOB89 ?> 8E ?5@5G=N, D0:B8G5A:8E ?>2B>@>2 >4=>3> 8 B>3> 65 <5@>?@8OB8O 2 @07=KE @0745;0E ?@>3@0<< A0<>3> >@30=0 2;0AB8.
1)4;O =08;CGH53> :>=B@>;O 70 @50;870F859 <5@>?@8OB89 A>AB02;OBL 3>4>2K5 ?;0=K @50;870F88 <5@ 0=B8:>@@C?F8>==>9 ?>;8B8:8 A C:070=85< :>=:@5B=KE >B25BAB25==KE ;8F, G5B:8E A@>:>2, <5B>4>2 >ACI5AB2;5=8O 8 8=48:0B>@>2 MDD5:B82=>AB8. !8AB5<0B8G5A:8 >ACI5AB2;OBL <>=8B>@8=3 8E 8A?>;=5=8O.
4.2."8?8G=K5 =54>AB0B:8:
4.2.1.BG5BK 70 :0;5=40@=K9 3>4 G0AB> 45;0NBAO 15AA8AB5<=>, 2=5 A2O78 A 70?;0=8@>20==K<8 <5@>?@8OB8O<8 8 >68405<K<8 @57C;LB0B0<8. G5=L <=>3> 7028A8B >B 4>1@>A>25AB=>AB8 ;8F0, 3>B>2OI53> B0:85 >BG5BK.
 5:><5=40F88:
0)A8AB5<0B878@>20BL >BG5B=>ABL 2 AD5@5 45OB5;L=>AB8 ?> ?@>B82>459AB28N :>@@C?F88, @07@01>B0BL 548=K5 B8?>2K5 D>@<K >BG5B>2.
V.0B5@80;K A>F8>;>38G5A:8E 8AA;54>20=89, ?@>2545==KE >@30=0<8 3>AC40@AB25==>9 2;0AB8  5A?C1;8:8 "0B0@AB0= 8 >@30=0<8 <5AB=>3> A0<>C?@02;5=8O.
5.1."8?8G=K5 =54>AB0B:8:
5.1.1.@>2>48<K5 A0<>AB>OB5;L=K<8 (157 ?@82;5G5=8O >@30=>2 AB0B8AB8:8) A8;0<8 2A5E >@30=>2 2;0AB8 A>F8>;>38G5A:85 8AA;54>20=8O <>6=> AG5ABL =5 2 ?>;=>9 <5@5 CG8BK20NI8<8 =0CG=> >1>A=>20==CN >D8F80;L=CN AB0B8AB8G5A:CN <5B>4>;>38N. A;54AB285 MB>3> ?>;CG5==K5 @57C;LB0BK <>3CB 1KBL =54>AB>25@=K<8, ?@52KH0BL 4>?CAB8<CN ?>3@5H=>ABL, 2;8ONICN =0 20;84=>ABL ?>;CG5==KE 8B>3>2.
 5:><5=40F88:
0)A>F8>;>38G5A:85 8AA;54>20=8O ?@>2>48BL ;81> A 2K?>;=5=85< 2A5E ?@54JO2;O5<KE : B0:>3> @>40 8AA;54>20=8O< B@51>20=8O<, >15A?5G820NI8< ?>;=>BC, =0CG=CN >1>A=>20==>ABL, ?@8<5=5=85 =0CG=> >1>A=>20==>9 >D8F80;L=>9 AB0B8AB8G5A:>9 <5B>4>;>388, 2 B>< G8A;5 @5?@575=B0B82=>AB8 2K1>@:8, ;81> 65 >B:070BLAO >B 8E ?@>2545=8O.
!;54C5B >B<5B8BL, GB> 2 E>45 8AA;54>20=8O 45OB5;L=>AB8 :><8AA89 (A>25B>2) ?@8 @C:>2>48B5;OE 8A?>;=8B5;L=KE >@30=>2 3>AC40@AB25==>9 2;0AB8 8 <5AB=>3> A0<>C?@02;5=8O ?> ?@>B82>459AB28N :>@@C?F88 =5 C40;>AL CAB0=>28BL A8AB5<0B8G5A:8 ?>2B>@ONI85AO =54>AB0B:8, A2845B5;LAB2CNI85 > =50:BC0;L=>AB8 8;8 =5?>;=>B5 2>?@>A>2, @0AA<0B@8205<KE =0 70A540=8OE B0:8E A>25I0B5;L=KE >@30=>2. <5NI85AO =54>G5BK ?@8<5=8B5;L=> : 0:BC0;L=>AB8 / =50:BC0;L=>AB8, ?>;=>B5 / =5?>;=>B5 8<5NB =57=0G8B5;L=K9, =5?@8=F8?80;L=K9 8 =5A8AB5<=K9 E0@0:B5@.
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
2.3.F5=:0 2;8O=8O >A=>2=KE 8=AB8BCF8>=0;L=KE 8 A>F8>:C;LBC@=KE D0:B>@>2 =0 D>@<8@>20=85 0=B8:>@@C?F8>==>9 ?>;8B8:8 8 ?@0:B8:8 2 @5A?C1;8:5.
0 D>@<8@>20=85 0=B8:>@@C?F8>==>9 ?>;8B8:8 8 ?@0:B8:8  5A?C1;8:8 "0B0@AB0= >:07K20;8 8 >:07K20NB 2;8O=85 A;54CNI85 >A=>2=K5 8=AB8BCF8>=0;L=K5 D0:B>@K: :0G5AB2> 70:>=>40B5;LAB20 (D>@<0;L=K9 8=AB8BCB), :0G5AB2> ?@02>?@8<5=5=8O (D>@<0;L=K5 8 =5D>@<0;L=K5 8=AB8BCBK), B@048F88 8 =@02AB25==K5 F5==>AB8 =0A5;5=8O (=5D>@<0;L=K5 8=AB8BCBK).
0G5AB2> 70:>=>40B5;LAB20 >15A?5G8205BAO, A >4=>9 AB>@>=K, =54>?CI5=85< 871KB>G=>3> @53C;8@>20=8O, 0, A 4@C3>9   15A?@>15;L=>ABLN @53C;8@>20=8O.
0G5AB2> ?@02>?@8<5=5=8O >15A?5G8205BAO, 2 ?5@2CN >G5@54L, A>1;N45=85< 0=B8:>@@C?F8>==KE =>@<, >3@0=8G5=89, B@51>20=89 8 70?@5B>2 ;8F0<8, :>B>@K< >=8 04@5A>20=K, MDD5:B82=K< 8A?>;=5=85< A2>8E DC=:F89 :>=B@>;L=K<8 ?@02>>E@0=8B5;L=K<8 8 AC451=K<8 >@30=0<8, >BACBAB285< 8718@0B5;L=>AB8 2 ?@82;5G5=88 : N@848G5A:>9 >B25BAB25==>AB8 70 :>@@C?F8>==K5 ?@02>=0@CH5=8O.
"@048F88 8 =@02AB25==K5 F5==>AB8 =0A5;5=8O >:07K20NB 4>;3>2@5<5==>5 2>7459AB285 =0 53> ?>2545=85. E =5A>2?045=85 A B@51>20=8O<8 70:>=>40B5;LAB20 8 @50;8O<8 ?@02>?@8<5=5=8O 2545B : >??>@BC=8AB8G5A:8< 459AB28O< 8 A:@KBK< :>=D;8:B0<.
!>F8>:C;LBC@=K5 D0:B>@K A2O70=K A A8AB5<>9 F5==>AB59, A@54>9 >18B0=8O ;8G=>AB8 8 CA;>28O<8 55 ?@>O2;5=8O. K45;ONB B@048F8>==CN 8 A>2@5<5==CN H:0;K (A8AB5<K) F5==>AB59.
"@048F8>==0O 2KB5:05B 87 >1I5G5;>25G5A:8E ?@54AB02;5=89 > 4>1@5 8 7;5, E>@>H5< 8 ?;>E><, >AC6405B 604=>ABL, ;8E>8<AB2>, 45:;0@8@C5B 206=>ABL G5AB=>AB8, B@C4>;N18O, 701>BK > A;01KE, ;N128 : ;N4O<,  >48=5 8 4@. =0 ?>ABC;8@C5B >1I8==>ABL, A>?@8G0AB=>ABL : >1I8< 45;0<.
!>2@5<5==0O H:0;0 F5==>AB59 AD>@<8@>20;0AL ?>4 2>7459AB285< A;>6=KE A>F80;L=KE ?@>F5AA>2 ?>A;54=8E B@5E 45AOB8;5B89. ;O =55 E0@0:B5@=K ?@8>@8B5B F5==>AB59 ?>B@51;5=8O, A;02K, CA?5E0, 1>30BAB20, ;8G=KE 8=B5@5A>2.  0A?@>AB@0=5=85 MB>9 H:0;K F5==>AB59 157 A10;0=A8@>20==>3> ?@>B82>25A0 AB8<C;8@C5B @0728B85 :>@@C?F8>==KE >B=>H5=89.  @57C;LB0B5 ?@>2545==>3> 8AA;54>20=8O CAB0=>2;5=0 2KA>:0O 3>B>2=>ABL <=>38E 3@0640= 40BL 27OB:C 4;O @5H5=8O A2>8E ?@>1;5<, :@8B8G5A:>5 >B=>H5=85 : :>@@C?F8>==K< =0@CH5=8O< 4@C38E ;8F 8 =5:@8B8G5A:>5   : A>1AB25==K<. !@548 >?@>H5==KE ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0, ?@54AB028B5;59 >@30=>2 3>AC40@AB25==>9 2;0AB8 8 <5AB=>3> A0<>C?@02;5=8O 70D8:A8@>20=K <=>3>G8A;5==K5 >B:07K >B25G0BL =0 =5:>B>@K5 87 ?>AB02;5==KE 2>?@>A>2, GB> A2845B5;LAB2C5B > ACI5AB2>20=88 ?@0:B8: 8 >1AB>OB5;LAB2, > :>B>@KE >=8 =5 65;0NB 3>2>@8BL.  A2O78 A 87;>65==K< =0AB>OB5;L=> B@51C5BAO ?>445@6820BL CAB>9G82K5 F5==>AB8, ?>A@54AB2>< :>B>@KE <>6=> ?@>B82>AB>OBL :>@@C?F88.
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
 B> 65 2@5<O 2 >1I5AB25 5ABL A5@L57=K9 70?@>A =0 A?@0254;82>ABL 8 AB@5<;5=85 2845BL 25A><K5 @57C;LB0BK 0=B8:>@@C?F8>==>9 ?>;8B8:8. 01;N405BAO :>@@5;OF8O ?>78B82=>3> =0AB@>O 2 @5H5=88 ?@>1;5<K :>@@C?F88 A8;0<8 A0<>3> >1I5AB20.
2.4.F5=:0 <5B>48:8 8 MDD5:B82=>AB8 ?@>2545=8O 0=B8:>@@C?F8>==>3> <>=8B>@8=30.
-DD5:B82=>5 ?@>B82>459AB285 :>@@C?F88 =5<KA;8<> 157 87<5@5=8O 53> @57C;LB0B>2. 
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
AA;54>20=85 A>45@60=8O B5:AB0 @0AA<0B@8205<>3> =0<8 #:070 @57845=B0  5A?C1;8:8 "0B0@AB0= (40;55 ?> B5:ABC   #:07) ?>72>;O5B 2K45;8BL =5A:>;L:> >A=>2=KE 284>2 0=B8:>@@C?F8>==>3> <>=8B>@8=30, :>B>@K5 @50;87CNBAO.  A>>B25BAB288 A >A=>2=K<8 ?>:070B5;O<8, 2:;NGQ==K<8 2 5@5G5=L, ?@54CA<>B@5=> 45B0;L=>5 >ACI5AB2;5=85 A;54CNI8E 284>2 0=B8:>@@C?F8>==>3> <>=8B>@8=30:
0)	<>=8B>@8=3 4>AB>25@=>AB8 ?@54AB02;5=8O 3@0640=A:8<8 8/8;8 <C=8F8?0;L=K<8 A;C60I8<8 A2545=89 > 4>E>40E, @0AE>40E, 8<CI5AB25 8 >1O70B5;LAB20E 8<CI5AB25==>3> E0@0:B5@0;
1)	<>=8B>@8=3 :>=D;8:B0 8=B5@5A>2 =0 3>AC40@AB25==>9 8/8;8 <C=8F8?0;L=>9 A;C615;
2)	<>=8B>@8=3 4>AB>25@=>AB8 ?@54AB02;5=8O 3@0640=0<8, ?>ABC?0NI8<8 =0 3@0640=A:CN 8;8 <C=8F8?0;L=CN A;C61C, A2545=89 > 4>E>40E, @0AE>40E, 8<CI5AB25 8 >1O70B5;LAB20E 8<CI5AB25==>3> E0@0:B5@0;
3)	<>=8B>@8=3 A>1;N45=8O >3@0=8G5=89, 70?@5B>2 8 B@51>20=89 : A;C651=><C ?>2545=8N 3>AC40@AB25==K<8 8/8;8 <C=8F8?0;L=K<8 A;C60I8<8;
4)	<>=8B>@8=3 A>AB>O=8O :>@@C?F8>35==KE 4>;6=>AB59 3>AC40@AB25==>9 8/8;8 <C=8F8?0;L=>9 A;C61K;
5)	<>=8B>@8=3 @57C;LB0B82=>AB8 0=B8:>@@C?F8>==>9 M:A?5@B87K =>@<0B82=KE ?@02>2KE 0:B>2 8 ?@>5:B>2 =>@<0B82=KE ?@02>2KE 0:B>2;
6)	<>=8B>@8=3 >1@0I5=89 3@0640= ?> 2>?@>A0< 70I8BK 8E ?@02 >B :>@@C?F8>==KE ?>AO30B5;LAB2;
7)	<>=8B>@8=3 >@30=870F88 8 @57C;LB0B82=>AB8 45OB5;L=>AB8 ?>4@0745;5=89 :04@>2KE A;C61 ?> ?@>D8;0:B8:5 :>@@C?F8>==KE 8 8=KE ?@02>=0@CH5=89;
8)	<>=8B>@8=3 @57C;LB0B82=>AB8 @0AA<>B@5=8O C254><;5=89 A;C60I8E > D0:B0E >1@0I5=89 2 F5;OE A:;>=5=8O 8E : A>25@H5=8N :>@@C?F8>==KE ?@02>=0@CH5=89;
:) <>=8B>@8=3 0=B8:>@@C?F8>==>3> >1@07>20=8O;
;) <>=8B>@8=3 0=B8:>@@C?F8>==>9 ?@>?030=4K;
<) <>=8B>@8=3 D8=0=A>2>3> :>=B@>;O ?> 8A?>;L7>20=8N 1N465B=KE A@54AB2;
=) <>=8B>@8=3 A>1;N45=8O 70:>=>40B5;LAB20 ?@8 @07<5I5=88 70:07>2 =0 ?>AB02:C B>20@>2, 2K?>;=5=85 @01>B, >:070=85 CA;C3 4;O 3>AC40@AB25==KE 8 <C=8F8?0;L=KE =C64;
>) <>=8B>@8=3 :@8<8=0;L=>9 8/8;8 04<8=8AB@0B82=>9 :>@@C?F88;
?) <>=8B>@8=3 8A?>;=5=8O 0=B8:>@@C?F8>==KE ?@>3@0<<.
 0AA<0B@8205<K9 =0<8 #:07 8<55B 206=59H55 7=0G5=85 ?> 40;L=59H59 4803=>AB8:5 MDD5:B82=>AB8 <5@ ?@>B82>459AB28O :>@@C?F88 2  5A?C1;8:5 "0B0@AB0=, ?>A:>;L:C 2 =Q< >1>7=0G5= ?5@5G5=L >A=>2=KE ?>:070B5;59 0=B8:>@@C?F8>==>3> <>=8B>@8=30. <5AB5 A B5< ?>;>65=8O =0720==>3> #:070 =5 2 ?>;=>9 <5@5 >B@060NB A>45@60=85 0:>=0  ?@>B82>459AB288 :>@@C?F88 2  5A?C1;8:5 "0B0@AB0=, 2 :>B>@>< C:070=>, GB> =B8:>@@C?F8>==K9 <>=8B>@8=3   45OB5;L=>ABL ?> =01;N45=8N, 0=0;87C 8 ?@>3=>7C :>@@C?F88, CA;>289 4;O 5Q ?@>O2;5=8O, <5@ ?> ?@>B82>459AB28N :>@@C?F88 8 @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8, 2 B>< G8A;5 8E A>F80;L=0O 4803=>AB8:0, >ACI5AB2;O5<0O 2 F5;OE >F5=:8 MDD5:B82=>AB8 0=B8:>@@C?F8>==>9 ?>;8B8:8  5A?C1;8:8 "0B0@AB0=. !;54>20B5;L=>, 0=B8:>@@C?F8>==K9 <>=8B>@8=3 2 A>>B25BAB288 A 0=B8:>@@C?F8>==K< 70:>=>40B5;LAB2><  5A?C1;8:8 "0B0@AB0= 2:;NG05B 2 A51O B@8 A>AB02=KE M;5<5=B0: 0) <>=8B>@8=3 :>@@C?F88; 1) <>=8B>@8=3 CA;>289 ?@>O2;5=8O :>@@C?F88 (1>;55 B>G=> MB>B M;5<5=B 4>;65= 72CG0BL A;54CNI8< >1@07><   <>=8B>@8=3 ?@8G8= 8 CA;>289, ?>@>640NI8E :>@@C?F8N); 2) <>=8B>@8=3 <5@ ?> ?@>B82>459AB28N :>@@C?F88 8 @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8. 4=0:> ?@>254Q==K9 =0<8 AB@C:BC@=K9 0=0;87 A>45@60=8O ?>:070B5;59, 2:;NGQ==KE 2 @5A?C1;8:0=A:89 ?5@5G5=L, A2845B5;LAB2C5B > B><, GB> >48= 87 >A=>2=KE 284>2 0=B8:>@@C?F8>==>3> <>=8B>@8=30, 0 8<5==> <>=8B>@8=3 CA;>289 ?@>O2;5=8O :>@@C?F88 8;8 <>=8B>@8=3 ?@8G8= 8 CA;>289, ?>@>640NI8E :>@@C?F8N, 2 =5< =5 ?@54AB02;5= A>>B25BAB2CNI8<8 ?>:070B5;O<8. "0:8< >1@07><, A;54C5B :>=AB0B8@>20BL, GB> =0720==K9 #:07 @53C;8@C5B =5 2A5 B@8 ?@54CA<>B@5==K5 @5A?C1;8:0=A:8< 0=B8:>@@C?F8>==K< 70:>=>< D>@<K 0=B8:>@@C?F8>==>3> <>=8B>@8=30, 0 ;8HL 425 87 =8E   <>=8B>@8=3 :>@@C?F88 8 <>=8B>@8=3 @50;870F88 <5@ 0=B8:>@@C?F8>==>9 ?>;8B8:8.
@>254Q==K9 =0<8 0=0;87 D545@0;L=KE, @538>=0;L=KE 8 <C=8F8?0;L=KE =>@<0B82=KE ?@02>2KE 0:B>2, =0CG=>9, ?C1;8F8AB8G5A:>9 8 CG51=>9 ;8B5@0BC@K ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88 ?>72>;O5B A45;0BL 2K2>4 > B><, GB> @0AA<0B@8205<K9 =0<8 #:07 =5 2 ?>;=>9 <5@5 >B@0605B 8 4@C385 284K 0=B8:>@@C?F8>==>3> <>=8B>@8=30, 0 8<5==>:
0)<>=8B>@8=30 ?>;>68B5;L=>3> >?KB0 ?@>B82>459AB28O :>@@C?F88;
1)<>=8B>@8=30 >B:@KB>AB8 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 >@30=>2 3>AC40@AB25==>9 2;0AB8 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O;
2)<>=8B>@8=30 0=B8:>@@C?F8>==>9 ?@02>?@8<5=8B5;L=>9 ?@0:B8:8;
3)<>=8B>@8=30 2708<>459AB28O >@30=>2 3>AC40@AB25==>9 2;0AB8 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O A 8=AB8BCB0<8 3@0640=A:>3> >1I5AB20;
4)<>=8B>@8=30 MDD5:B82=>AB8 0=B8:>@@C?F8>==>3> ?@>A25I5=8O;
5)<>=8B>@8=30 MDD5:B82=>AB8 45OB5;L=>AB8 :><8AA89 (A>25B>2) ?> ?@>B82>459AB28N :>@@C?F88;
6)<>=8B>@8=30 MDD5:B82=>AB8 45OB5;L=>AB8 A?5F80;878@>20==KE >@30=>2 8 4>;6=>AB=KE ;8F ?> ?@>B82>459AB28N :>@@C?F88;
7)<>=8B>@8=30 8A?>;=5=8O 4>;6=>AB=KE >1O70==>AB59 3>AC40@AB25==K<8 8 <C=8F8?0;L=K<8 A;C60I8<8, 45OB5;L=>ABL :>B>@KE A2O70=0 A :>@@C?F8>==K<8 @8A:0<8.
57CA;>2=>, 0=0;878@C5<K9 =0<8 4>:C<5=B ?> >@30=870F88 0=B8:>@@C?F8>==>3> <>=8B>@8=30 2  5A?C1;8:5 "0B0@AB0=, =5278@0O =0 >G5284=K5 =54>AB0B:8, 2K720==K5 2 ?5@2CN >G5@54L =>287=>9 >@30=870F88 8 ?@02>2>3> @53C;8@>20=8O =0720==>3> 0=B8:>@@C?F8>==>3> 87<5@8B5;L=>3> 8=AB@C<5=B0, O2;O5BAO 206=59H59 A>AB02;ONI59 045:20B=>9 >F5=:8 A>AB>O=8O :>@@C?F88 8 <5@ ?@>B82>459AB28O 59. >MB><C ?@02>2>5 @53C;8@>20=85 0=B8:>@@C?F8>=>3> <>=8B>@8=30 =C6405BAO 2 ?>AB>O==>< A>25@H5=AB2>20=88, 0 459AB2CNI85 @5A?C1;8:0=A:85 =>@<0B82=K5 ?@02>2K5 0:BK   2 CB>G=5=88 8 4>?>;=5=88.
2.5.F5=:0 A8AB5<K ?@>D8;0:B8G5A:8E <5@, ?@8<5=O5<KE 2 F5;OE ?@54C?@5645=8O :>@@C?F88.
!8AB5<0 ?@>D8;0:B8G5A:8E <5@, ?@8<5=O5<KE 2 F5;OE ?@54C?@5645=8O :>@@C?F88, O2;O5BAO 2 F5;>< MDD5:B82=>9, GB> >1>A=>2K205BAO @O4>< >1AB>OB5;LAB2.
>-?5@2KE, =0 ?@>BO65=88 @O40 ;5B 1K; >15A?5G5= 7=0G8B5;L=K9 @>AB M:>=><8:8 @5A?C1;8:8 8 C@>2=O 4>E>4>2 =0A5;5=8O, GB> 1K;> 1K =52>7<>6=> ?@8 C25;8G5=88 :>;8G5AB20 :>@@C?F8>==KE ?@>O2;5=89 8 :>@@C?F8>==>3> ?@5AA0 A> AB>@>=K >@30=>2 2;0AB8 =0 187=5A.
>-2B>@KE, ?>78F859 =0A5;5=8O ?> =0720==><C 2>?@>AC. > 40==K< ?@>2545==>3> 8A?>;=8B5;5< :><?;5:A=>3> A>F8>;>38G5A:>3> 8AA;54>20=8O, 59,6% >?@>H5==KE 3@0640=  5A?C1;8:8 "0B0@AB0= AG8B0NB, GB> 40G8 27OB>: =C6=> 871530BL, ?>A:>;L:C :>@@C?F8O @07;0305B =0A 8 =0HC 2;0ABL. "0:8< >1@07><, C40;>AL >15A?5G8BL :>=A5=ACA E>BO 8 =5 01A>;NB=>3>, => 2A5 65 1>;LH8=AB20 ?> 40==><C 2>?@>AC. 0 2>?@>A ICI0;8 ;8 2K 2 ?5@8>4 2008-2014 3>4>2 CA8;5=85 ?@>B82>459AB28O :>@@C?F88 2  5A?C1;8:5 "0B0@AB0=? >B25B8;8 ?>;>68B5;L=> 70,6% >?@>H5==KE 87 G8A;0 ;8F, 70<5I0NI8E 3>AC40@AB25==K5 8 <C=8F8?0;L=K5 4>;6=>AB8, 4>;6=>AB8 3>AC40@AB25==>9 3@0640=A:>9 8 <C=8F8?0;L=>9 A;C61K, 8 28,4% ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0, >ACI5AB2;ONI8E A2>N 45OB5;L=>ABL =0 B5@@8B>@88  5A?C1;8:8 "0B0@AB0=. G5=L CA?5H=K<8 8 A:>@55 CA?5H=K<8 >F5=8;8 459AB28O 2;0AB59 2 "0B0@AB0=5 ?> ?@>B82>459AB28N :>@@C?F88 70 ?5@8>4 2008-2014 3>4>2 36,6%, 0 A:>@55 157CA?5H=K<8 8 A>25@H5==> 157CA?5H=K<8 47,1% >?@>H5==KE 3@0640= @5A?C1;8:8. >6=> 70:;NG8BL, GB> G8=>2=8:8 2 ?5@2CN >G5@54L ?>GC2AB2>20;8 =0 A515 A8;C 0=B8:>@@C?F8>==KE 70?@5B>2, >3@0=8G5=89 8 <5@>?@8OB89. @C385 65 :0B53>@88 =0A5;5=8O <5=55 >?B8<8AB8G=K, GB> <>65B A2845B5;LAB2>20BL >1 8E ?@54AB02;5=88 >1 >3@0=8G5==><, => =5 @52>;NF8>==>< A=865=88 C@>2=O :>@@C?F88.
-B@5BL8E, 2 A>AB025 :><8AA89 (A>25B>2) ?> ?@>B82>459AB28N :>@@C?F88 ?@8 @5A?C1;8:0=A:8E 8 <C=8F8?0;L=KE >@30=0E 2;0AB8 C40;>AL >15A?5G8BL 7=0G8B5;L=>5 CG0AB85 ?@54AB028B5;59 8=AB8BCB>2 3@0640=A:>3> >1I5AB20 (=0 C@>2=5 30-40%), GB> >15A?5G8205B >B:@KB>ABL 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 2 >@30=0E ?C1;8G=>9 2;0AB8 2  5A?C1;8:5 "0B0@AB0=.
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
5>1E>48<> B0:65 A>740=85 548=>9 <=>3>C@>2=52>9 A8AB5<K 0=B8:>@@C?F8>==>3> ?;0=8@>20=8O 2  5A?C1;8:5 "0B0@AB0=, :>B>@0O 2:;NG05B >1J5:BK, AC1J5:BK, 284K, ?@>F54C@K 8 B5E=>;>388 0=B8:>@@C?F8>==>3> ?;0=8@>20=8O.
2.6.F5=:0 2;8O=8O @50;87>20==KE 0=B8:>@@C?F8>==KE <5@ =0 @07;8G=K5 AD5@K M:>=><8:8.
;8O=85 O2;O5BAO 2 F5;>< ?>78B82=K<, GB> ?@>O2;O5BAO 2 A;54CNI8E >1AB>OB5;LAB20E. #<5=LH5=85 :>;8G5AB20 ?@>25@>: 8 65AB:89 :>=B@>;L =04 8E ?@>2545=85< ?>72>;8; E>7O9AB2CNI8< AC1J5:B0< A>A@54>B>G8BLAO =0 @5H5=88 A2>8E >A=>2=KE 7040G, GB> A?>A>1AB2C5B ?>2KH5=8N ?@>872>48B5;L=>AB8 B@C40 8 M:>=><8G5A:>9 MDD5:B82=>AB8 ?@54?@8OB89 =57028A8<> >B 8E >B@0A;52>9 ?@8=04;56=>AB8.
!=865=85 45D8F8B0 <5AB 2 4>H:>;L=KE >1@07>20B5;L=KE CG@5645=8OE >15A?5G8205B A=865=85 2>7<>6=>AB59 AC1J5:B82=>3>, 2 B>< G8A;5 :>@@C?F8>==>3>, CA<>B@5=8O A> AB>@>=K @C:>2>48B5;59 8 A>B@C4=8:>2 C:070==>9 AD5@K. :B82=>ABL ?@54AB028B5;59 8=AB8BCB>2 3@0640=A:>3> >1I5AB20, 2K7K20NI8E 2=8<0=85 : =0@CH5=8O< 2 45BA:8E A040E 8 H:>;0E, ?>72>;8;0 ACI5AB25==> A=878BL C@>25=L :>@@C?F88 2 =8E.
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
2.7.A=>2=K5 ?@>1;5<K C?@02;5=8O, D>@<8@CNI85 CA;>28O 4;O :>@@C?F88.
A=>2=K<8 ?@>1;5<0<8 C?@02;5=8O, D>@<8@CNI8<8 CA;>28O 4;O :>@@C?F88, ?@54AB02;ONBAO A;54CNI85:
1.BACBAB285 4>;6=>3> 4>;3>A@>G=>3> 8 A@54=5A@>G=>3> ?@>3=>78@>20=8O @0728B8O A>F80;L=>-M:>=><8G5A:8E O2;5=89 8 ?@>F5AA>2, :>B>@K5 =5?>A@54AB25==> <>3CB 1KBL A2O70=K A @0A?@>AB@0=5=85< :>@@C?F88 8;8 A>:@0I5=85< 55 C@>2=O.
2.54>AB0B>G=0O 8=D>@<0F8>==0O >B:@KB>ABL @O40 3>AC40@AB25==KE 8 <C=8F8?0;L=KE >@30=>2. 5 2A5340 2KAB02;O5BAO >1O70B5;L=0O 8=D>@<0F8O =0 A09B0E 2 =0@CH5=85 >AB0=>2;5=8O 018=5B0 8=8AB@>2  5A?C1;8:8 "0B0@AB0= >B 04.04.2013 ! 225 1 CB25@645=88 48=KE B@51>20=89 : @07<5I5=8N 8 =0?>;=5=8N @0745;>2 >D8F80;L=KE A09B>2 8A?>;=8B5;L=KE >@30=>2 3>AC40@AB25==>9 2;0AB8  5A?C1;8:8 "0B0@AB0= 2 8=D>@<0F8>==>-B5;5:><<C=8:0F8>==>9 A5B8 =B5@=5B ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88.
@0:B8G5A:8 =5 ?@>2>4OBAO >1I5AB25==K5 >1AC645=8O 8 >1I5AB25==K5 A;CH0=8O ?> 2>?@>A0< @07@01>B:8 @538>=0;L=KE, 254><AB25==KE 8 <C=8F8?0;L=KE =>@<0B82=>-?@02>2KE 0:B>2 2 AD5@5 ?@>B82>459AB28O :>@@C?F88, 0 B0:65 8A?>;=5=8O 0=B8:>@@C?F8>==KE ?@>3@0<<.
3.BACBAB285 ?@02>2>3> @53C;8@>20=8O >1I5AB25==>3> :>=B@>;O 2  5A?C1;8:5 "0B0@AB0=, =5 ?>72>;ONI55 8=AB8BCB0< 3@0640=A:>3> >1I5AB20 MDD5:B82=> >@30=87>20BL 8 >ACI5AB2;OBL :>=B@>;L=K5 ?>;=><>G8O 70 @50;870F859 0=B8:>@@C?F8>==KE <5@. $545@0;L=>5 70:>=>40B5;LAB2> =5 ?@54CA<0B@8205B <5E0=87<0 @50;870F88 =5:>B>@KE D>@< >1I5AB25==>3> :>=B@>;O (=0?@8<5@, >1I5AB25==>9 ?@>25@:8), 2 @57C;LB0B5 G53> 8=AB8BCBK 3@0640=A:>3> >1I5AB20 D0:B8G5A:8 ;8H5=K 2>7<>6=>AB8 8A?>;L7>20=8O B0:8E D>@<.
4.$>@<0;87< 2 45;5 ?@>B82>459AB28O :>@@C?F88 2 AB@C:BC@0E ?C1;8G=>9 2;0AB8 (:0: >B<5B8; >48= 87 CG0AB=8:>2 D>:CA-3@C?? 4CH8 O 2 MB>9 @01>B5 =5 286C).
5.54>AB0B>G=>5 :C@8@>20=85 <8=8AB5@AB20<8 8 254><AB20<8 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 2 ?>4254><AB25==KE >@30=870F8OE (>B@0A;OE).
6.54>AB0B>G=>5 2708<>459AB285 ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88 <564C <C=8F8?0;L=K<8 @09>=0<8 8 =0E>4OI8<8AO =0 8E B5@@8B>@88 A5;LA:8<8 ?>A5;5=8O<8.
7.52KA>:0O MDD5:B82=>ABL A8AB5<K 254><AB25==KE B5;5D>=>2 4>25@8O 8 3>@OG8E ;8=89.

3.! !&'! !!

3.1.2545=85
@>B82>459AB285 :>@@C?F88 2 ?>ABA>25BA:>9  >AA88 >A>15==> 0:BC0;L=> 2 ?>A;54=85 3>4K, ?>A:>;L:C :>@@C?F8>==K5 A5B8 AB0;8 4><8=8@>20BL =04 3>AC40@AB2>< 2 =5:>B>@KE AD5@0E >1I5AB25==>9 687=8, 0 25@B8:0;L 2;0AB8 =5 B>;L:> 2>AAB0=>28;0 548=>5 M:>=><8G5A:>5 8 ?@02>2>5 ?@>AB@0=AB2>  >AA89A:>9 $545@0F88, => 8 40;0 B>;G>: : 1N@>:@0B870F88 8 C=8D8:0F88 A8AB5<K C?@02;5=8O, :><<5@F80;870F88 >B=>H5=89 3@0640= A 3>AC40@AB25==K<8 8 <C=8F8?0;L=K<8 G8=>2=8:0<8.
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
>@@C?F8O >G5=L A;>6=> ?>4405BAO >4=>7=0G=><C >?@545;5=8N. >;LH8=AB2> 3>AC40@AB2 <8@0 ?@54?>G8B05B >@85=B8@>20BLAO 2 55 8=B5@?@5B0F88 =0 =>@<K <564C=0@>4=>3> ?@020, :>=25=F88 8 @57>;NF88 <8@>2KE 8 @538>=0;L=KE <564C=0@>4=KE >@30=870F89. 01>@  >A=>2=KE <5@ ?> ?@>B82>459AB28N :>@@C?F88 A2>48BAO : A;54CNI8< C=825@A0;L=K< <5B>40<:
 ?@8=OB85 :><?;5:A0 0=B8:>@@C?F8>==KE =>@<0B82=KE 0:B>2, =0 >A=>25 :>B>@KE 459AB2CNB ?@02>>E@0=8B5;L=K5 >@30=K, A?5FA;C61K 8 AB@C:BC@K, A>740==K5 4;O 1>@L1K A :>@@C?F859 (=0?@8<5@, A?5F80;L=K5 ?0@;0<5=BA:85 :><8AA88, 254CI85 =57028A8<K5 @0AA;54>20=8O);   
 0=B8:>@@C?F8>==0O M:A?5@B870 2A5E =>@<0B82=KE 0:B>2 2 E>45 8E >1AC645=8O 8 ?@8=OB8O 2 70:>=>40B5;L=KE >@30=0E 2;0AB8;
 22545=85 ?>=OB8O =570:>==>5 >1>30I5=85, :>B>@>5 >1;53G05B C3>;>2=>5 ?@5A;54>20=85 :>@@C?F88. ;O B>3> GB>1K >AC48BL ?>B5=F80;L=>3> :>@@C?F8>=5@0, =5 >1O70B5;L=> 4>:07K20BL, GB> >= ?>;CG0; 27OB:8. >AB0B>G=> 4>:070BL, GB> 40==>5 4>;6=>AB=>5 ;8F> >1;0405B 8<CI5AB2>< 8 0:B820<8, ?@>8AE>645=85 :>B>@KE >=> =5 2 A>AB>O=88 >1JOA=8BL ;530;L=K<8 8AB>G=8:0<8 4>E>4>2 (8=AB@C<5=B   45:;0@0F88 > 4>E>40E);  
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
 A>740=85 MB8G5A:>3> @568<0   =01>@0 AB0=40@B>2, >?@545;ONI8E ?>2545=85 G8=>2=8:>2, 45?CB0B>2 8 4@C38E 4>;6=>AB=KE ;8F, 0 B0:65 ?>@O4:0 ?@8<5=5=8O MB8E AB0=40@B>2. "0:, 2 =5:>B>@KE AB@0=0E ($@0=F88, !(, .6=>9 >@55) 5ABL 65AB:85 >3@0=8G5=8O =0 B@C4>CAB@>9AB2> 45?CB0B>2, 0 B0:65 2KA>:>?>AB02;5==KE G8=>2=8:>2 8A?>;=8B5;L=>9 2;0AB8 ?>A;5 8AB5G5=8O A@>:0 8E ?>;=><>G89; 
 A>740=85 >A>1KE CA;>289 4;O ;8F, =0E>4OI8EAO =0 3>AC40@AB25==>9 A;C615, ;81> 70=8<0NI8E :0:85-B> 2K1>@=K5 4>;6=>AB8, =0?@02;5==K5 =0 ;530;L=>5 ?>2KH5=85 8E AB0BCA0 2 >1I5AB25 (=0 >A=>25 70:>=>2), ?@8 >4=>2@5<5==>< ?>2KH5=88 8E <5@K >B25BAB25==>AB8 (?>2KH5=85 70@?;0BK 3>AC40@AB25==K< A;C60I8<; >BAB02:0 3>AC40@AB25==KE A;C60I8E).
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
7<5@5=85 :>@@C?F88 ?@54AB02;O5BAO ?@>1;5<>9 <=>3>0A?5:B=>9. 0AB>OI0O =0C:0 =0G8=05BAO B0<, 345 =0G8=05BAO 87<5@5=85. -B> >1I58725AB=>, 8 2 ?>4>1=KE 2K@065=8OE ?>2B>@O;>AL =5>4=>:@0B=>. !;54>20B5;L=>, =0<5@520OAL >1C740BL :>@@C?F8N 8 ?>=8<0O, GB> 4;O MB>3> =04> 87CG8BL, <K 4>;6=K =0CG8BLAO 55 87<5@OBL.
1J5:B>< 0=0;870 2KABC?05B =0A5;5=85  5A?C1;8:8 "0B0@AB0=.
&5;L 8AA;54>20=8O   0=0;87 8 >F5=:0 MDD5:B82=>AB8 @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8 2  5A?C1;8:5 "0B0@AB0= (70 ?5@8>4 2008 2014 3>4>2) =0 <0B5@80;0E A>F8>;>38G5A:>3> 8AA;54>20=8O.
040G8 8AA;54>20=8O:
@>25AB8 0=0;87 2>A?@8OB8O ?@>1;5< :>@@C?F88 =0A5;5=85< (<5AB> ?@>1;5<K :>@@C?F88 A@548 >A=>2=KE A>F80;L=KE ?@>1;5< 68B5;59 "0B0@AB0=0), 0=0;87 45;>2>9 8 1KB>2>9 :>@@C?F88.
@>25AB8 0=0;87 2>A?@8OB8O ?@>1;5< :>@@C?F88 (70 ?5@8>4 2008 2014 3>4>2) E>7O9AB2CNI8<8 AC1J5:B0<8.
F5=8BL :>@@C?F8>==K9 >?KB 68B5;59 "0B0@AB0=0 2 =081>;55 :>@@C?F8>35==KE AD5@0E @5A?C1;8:8 (%, 74@02>>E@0=5=85, >1@07>20=85 8 B.4.).
F5=8BL AB5?5=L :>@@C<?8@>20==>AB8 A>7=0=8O =0A5;5=8O 8 E>7O9AB2CNI8E AC1J5:B>2.
F5=8BL M:>=><8G5A:89 CI5@1 >B 2KO2;5==KE D0:B>2 :>@@C?F88.
@>25AB8 A@02=8B5;L=K9 0=0;87 @50;L=>3> :>@@C?F8>==>3> >?KB0 8 >F5=>G=KE 8=48:0B>@>2 ?> @57C;LB0B0< >?@>A0 =0A5;5=8O >1 C@>2=5 :>@@C<?8@>20==>AB8 3>A>@30=>2, >@30=>2 <5AB=>3> A0<>C?@02;5=8O.
?@545;8BL AB5?5=L C4>2;5B2>@5==>AB8 =0A5;5=8O =01>@>< 8 A>45@60=85< 0=B8:>@@C?F8>==KE <5@>?@8OB89 2 @5A?C1;8:5.
F5=8BL MDD5:B82=>ABL 0=B8:>@@C?F8>==>9 ?@>?030=4K 2 @5A?C1;8:5.
@>0=0;878@>20BL MDD5:B82=>ABL 2;8O=8O @07;8G=KE :0=0;>2 A@54AB2 <0AA>2>9 :><<C=8:0F88 =0 D>@<8@>20=85 0=B8:>@@C?F8>==>9 ?@>?030=4K.
7CG8BL <=5=85 =0A5;5=8O 2 >B=>H5=88 MDD5:B82=>AB8 45OB5;L=>AB8 3>A>@30=>2 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O ?> ?@>B82>459AB28N :>@@C?F88.
7CG8BL 2>A?@8OB85 :>@@C?F88 8 2>2;5G5==>ABL 2 :>@@C?F8>==K5 ?@0:B8:8 <0;>3> 8 A@54=53> 187=5A0 @5A?C1;8:8, 0 B0:65 8E >B=>H5=85 : :>@@C?F88.
7CG8BL 2>A?@8OB85 :>@@C?F88 8 2>2;5G5==>ABL 2 :>@@C?F8>==K5 ?@0:B8:8 >@30=>2 3>AC40@AB25==>9 2;0AB8 8 <5AB=>3> A0<>C?@02;5=8O.
?@545;8BL =081>;55 G0AB> 8A?>;L7C5<K5 :>@@C?F8>==K5 AE5<K 8 ?@0:B8:8.
KO28BL ?@>1;5<K 8;8 O2;5=8O 2 >1I5AB25, A?>A>1AB2CNI85 2>7=8:=>25=8N :>@@C?F8>==>3> ?>2545=8O.
F5=8BL <0AHB01K 1KB>2>9 8 45;>2>9 :>@@C?F88 2 @07;8G=KE AD5@0E 8 8=AB8BCB0E 2;0AB8.
7CG8BL >B=>H5=85 : :>@@C?F88, 2:;NG0O CAB0=>2:C =0 :>@@C?F8N A@548 4>;6=>AB=KE ;8F >@30=>2 3>AC40@AB25==>9 2;0AB8  ", >@30=>2 <5AB=>3> A0<>C?@02;5=8O.
7CG8BL >B=>H5=85 8 >F5=:C 4>;6=>AB=K<8 ;8F0<8 >@30=>2 3>AC40@AB25==>9 2;0AB8  5A?C1;8:8 "0B0@AB0= 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O >1AB>OB5;LAB2 3>AC40@AB25==>9 (<C=8F8?0;L=>9) A;C61K, :>B>@K5 <>3CB 2;8OBL =0 D>@<8@>20=85 CA;>289 4;O :>@@C?F88.
A=>2>9 2K?>;=5=8O 0=0;8B8G5A:>9 G0AB8 :><?;5:A=>3> A>F8>;>38G5A:>3> 8AA;54>20=8O, ?>A2OI5==>3> >F5=:5 MDD5:B82=>AB8 @50;870F88 0=B8:>@@C?F8>==>9 ?>;8B8:8 2  5A?C1;8:5 "0B0@AB0=, 2KABC?8;8 A;54CNI85 <0B5@80;K: 
 0=0;8B8G5A:0O G0ABL >?@>A0 =0A5;5=8O 2 :>;8G5AB25 G5BK@5E BKAOG G5;>25: 2 2>7@0AB5 >B 18 4> 60 ;5B;
 0=0;8B8G5A:0O G0ABL >?@>A0 ?OB8A>B ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0  5A?C1;8:8 "0B0@AB0=, >ACI5AB2;ONI8E A2>N 45OB5;L=>ABL =0 B5@@8B>@88  5A?C1;8:8 "0B0@AB0= =5 <5=55 1 3>40;
 0=0;8B8G5A:0O G0ABL >?@>A0 ?OB8A>B ;8F, 70<5I0NI8E 3>AC40@AB25==K5 8 <C=8F8?0;L=K5 4>;6=>AB8, 4>;6=>AB8 3>AC40@AB25==>9 3@0640=A:>9 8 <C=8F8?0;L=>9 A;C61K, <5B>4>< >G=>3> 8=B5@2LN8@>20=8O A ?>A5I5=85< >@30=>2 2;0AB8;
 0=0;8B8G5A:0O G0ABL M:A?5@B=>3> >?@>A0 (18 M:A?5@B>2) 8 D>:CA-3@C?? (5 D>:CA-3@C??) A ?@54AB028B5;O<8 >@30=>2 3>AC40@AB25==>9 2;0AB8, 0:045<8G5A:>3> A5:B>@0, >1I5AB25==KE >@30=870F89, A@54AB2 <0AA>2>9 8=D>@<0F88 4;O >F5=:8 MDD5:B82=>AB8 @50;870F88 0=B8:>@@C?F8>==KE <5@>?@8OB89 2 @5A?C1;8:5 ?> C:070==K< AD5@0<;
 0=0;8B8G5A:0O G0ABL 48A:C@A0 A@54AB2 <0AA>2>9 8=D>@<0F88 (30 A@54AB2 <0AA>2>9 8=D>@<0F88, 2 B>< G8A;5 <C=8F8?0;L=>3> C@>2=O) 8 A>F80;L=KE A5B59 (4 A>F80;L=K5 A5B8) > :>@@C?F88.
 ?@>F5AA5 0=0;870 8 ?>43>B>2:8 @5:><5=40F89 4;O D>@<8@>20=8O AB@0B538G5A:8E 8 ?@>3@0<<=KE 4>:C<5=B>2 2K@01>B0==0O M<?8@8G5A:0O ?@0:B8:0 A>F80;L=>-?>;8B8G5A:8E =0C: @5:><5=4C5B ?@8=8<0BL 2> 2=8<0=85 @57C;LB0BK @0=55 >ACI5AB2;5==KE AB>@>==8E 8AA;54>20=89 ?> >1>7=0G5==>9 B5<0B8:5 8 87CG5=85 M:A?5@B=KE >F5=>: ?@>H54H8E ?5@8>4>2.
!B@C:BC@0 0=0;8B8G5A:>9 @01>BK >1CA;>2;5=0 F5;LN, ?>AB02;5==>9 ?5@54 M:A?5@B0<8 0=0;8B8G5A:>9 3@C??K, >1>A=>20==>9 B5E=8G5A:8< 7040=85< =0 ?@>2545=85 2A53> :><?;5:A0 @01>B ?> 0=B8:>@@C?F8>==>9 B5<0B8:5 8 7040G0<8, >1>7=0G5==K<8 ?@54<5B=> 2 4>3>2>@5 =0 ?@>2545=85 0=0;8B8G5A:>9 @01>BK.
3.2.=0;87 2>A?@8OB8O :>@@C?F88 =0A5;5=85<  5A?C1;8:8 "0B0@AB0=
>@@C?F8O   A>F80;L=K9 D5=><5=, =5 8<5NI89 2 >1I5AB25==>< A>7=0=88 >4=>7=0G=>3> ?>=8<0=8O 8 8=B5@?@5B0F88. =5=8O ;N459 A5@L57=K< >1@07>< @07;8G0NBAO >B >B@8F0B5;L=>3> 8 :@8B8G5A:>3> >B=>H5=8O : :>@@C?F88 4> ?>=8<0=8O MB>3> O2;5=8O :0: 5AB5AB25==>3> 8 ?@85<;5<>3> 2 >1I5AB25==>9 687=8. @>O2;5=89 :>@@C?F88 25;8:>5 <=>65AB2>. >@@C?F8O ?@O<> 7028A8B >B <>=>?>;88 >B45;L=KE 2;0AB=KE AC1J5:B>2 =0 2K?>;=5=85 =5:>B>@KE 284>2 45OB5;L=>AB8. >;LH8=AB2> AG8B05B, GB> :>@@C?F8O   MB>, ?@5645 2A53>, 27OB>G=8G5AB2>.
@8>@8B5BK, 2K45;O5<K5 @5A?>=45=B0<8 2 A>F80;L=KE ?@>1;5<0E  5A?C1;8:8 "0B0@AB0=, ?>:07K20NB, GB> A8BC0F8O A :>@@C?F859 G8=>2=8:>2 2 >@30=0E 2;0AB8 2>;=C5B 12,4% >?@>H5==KE, 8 MB8 ?>:070B5;8 =0E>4OBAO =0 452OB>< <5AB5 @59B8=30. 5A<>B@O =0 2A5-B0:8 2KA>:89 ?>:070B5;L >15A?>:>5==>AB8 :>@@C?F8>==>9 ?@>1;5<0B8:>9, 68B5;8 "0B0@AB0=0 A>>B=>AOB 2KA>:>?@8>@8B5B=K5 A>F80;L=K5 ?@>1;5<K A :064>4=52=K<8 M:>=><8G5A:8<8 A8BC0F8O<8, A :>B>@K<8 AB0;:820NBAO. ;O 68B5;59 "0B0@AB0=0 1>;55 206=K< O2;O5BAO @>AB F5= =0 B>20@K 8 CA;C38 ?5@2>9 =5>1E>48<>AB8. KA>:85 F5=K 15A?>:>OB 63,3% B0B0@AB0=F52. A>15==> 2K7K205B B@52>3C @>AB :><<C=0;L=KE ?;0B5659 4;O 55,4% 68B5;59. ;O 48,6% @5A?>=45=B>2 =87:85 70@01>B:8, ?5=A88 8 AB8?5=488 B>65 206=K9 D0:B>@ ACI5AB2CNI8E A>F80;L=KE ?@>1;5< B0B0@AB0=F52. 57@01>B8F0 8 =5E20B:0 @01>G8E <5AB 4;O 24,8% 68B5;59 "0B0@AB0=0 B>65 ?>AB5?5==> AB0=>28BAO D0:B>@>< 2=CB@5==59 >15A?>:>5==>AB8. !>F80;L=K< @074@068B5;5< 4;O 37,3% O2;ONBAO ?;>E85 4>@>38.
> <=5=8N >4=>3> 87 @5A?>=45=B>2, A8BC0F8O A2O70=0 A B5<, GB> 8 ?@54?@8=8<0B5;8 8 >??>78F8>==K5 ?0@B89FK 8 ?@>G85, >=8 2A5 2 ?5@2CN >G5@54L ?>B@518B5;8 =5:8E CA;C3... A5 >=8 682CB 2 4><0E, 2A5 >=8 ?>;CG0NB AG5B0-D0:BC@K, 2A5 >=8 AB0;:820NBAO A B5<, GB> C?@02;ONI85 :><?0=88 =5 ?@54>AB02;ONB B5E CA;C3, 70 :>B>@K5 ?;0BOBAO 45=L38, 8 ?>MB><C ?>=OB=>, =57028A8<> >B ?>;8B8G5A:>9 ?@8=04;56=>AB8, MB8 2>?@>AK 2KE>4OB =0 ?5@2K9 ?;0=   MB> >48= <><5=B. B>@>9 <><5=B, O 4C<0N, GB> 2A5-B0:8 <0;K9 8 A@54=89 187=5A 70=8<05B 4>AB0B>G=> <0;5=L:CN =8HC, 20% =07K20NB, B.5. 5A;8 2A53> ;8HL :064K9 ?OBK9 70=OB 2 <0;>< 187=5A5, :064K9 ?5@2K9 AB0;:8205BAO A ?@>1;5<0<8, A :>B>@K<8 >= 6825B :064K9 45=L, ?>MB><C MB> 2KE>48B =0 ?5@2K9 ?;0=.
"0:0O A>F80;L=0O 1>;57=L, :0: :>@@C?F8O (12,4%) 70B5@O;0AL A@548 =5@02=>7=0G=KE ?@>1;5<   :0: 3@O7L, <CA>@ =0 C;8F0E (11,7%) 8 =5E20B:0 45H52>3> 68;LO 14,9%, 0;:>3>;87< 8 =0@:><0=8O 11,3%. 4=0:> 745AL A;54C5B CG8BK20BL, GB> @5A?>=45=BK =07K20;8 =5 <5=55 ?OB8 >A=>2=KE A>F80;L=KE ?@>1;5<, 2;8ONI8E =0?@O<CN =0 8E C@>25=L 687=8 8, ?@5645 2A53>, 0:F5=B 45;0;8 =0 :064>4=52=K5 =530B82=K5 @074@068B5;8, A :>B>@K<8 AB0;:820NBAO ?>AB>O==>. >MB><C :>@@C?F8O >B>H;0 : 3@C??5 A>F80;L=KE ?@>1;5< (4;O <5=55 15% @5A?>=45=B>2, >15A?>:>5==KE 40==K<8 :07CA0<8), A :>B>@K<8 68B5;8 "0B0@AB0=0 AB0;:820NBAO 2 A8;C ;8G=KE 687=5==KE >1AB>OB5;LAB2 A?>@048G5A:8, =5 :064>4=52=>.
>6=> B0:65 ?@54?>;>68BL, GB> G0ABL B5E, :>3> 2>;=C5B A8BC0F8O A :>@@C?F859 G8=>2=8:>2 2 >@30=0E 2;0AB8, =0E>4OBAO 2 3@C??0E, >B<5B82H8E @>AB :><<C=0;L=KE ?;0B5659 8 ?;>E85 4>@>38, ?>A:>;L:C MB8 O2;5=8O ?@O<> A2O70=K A :>@@C?F859 2 AD5@5 68;8I=>-:><<C=0;L=>3> E>7O9AB20, 4>@>6=>3> AB@>8B5;LAB20 8 >1A;C6820=8O.
4=0:> :>@@C?F8O G8=>2=8:>2 2 >@30=0E 2;0AB8 2 :@C?=KE 3>@>40E "0B0@AB0=0 :0: A5@L57=0O ?@>1;5<0 >F5=8205BAO 29,4% @5A?>=45=B>2 015@56=KE '5;=>2, 0 2 070=8 2K:07K20NB >15A?>:>5==>ABL MB>9 ?@>1;5<>9 18,8% @5A?>=45=B>2. >@@C?F8O G8=>2=8:>2 :0: A>F80;L=0O ?@>1;5<0 =5 O2;O5BAO :;NG52>9 A@548 @5A?>=45=B>2 ;L<5BL52A:0 (8%), ;01C38 (3%), 86=5:0<A:0 (2,5%), 5;5=>4>;LA:0 (2%).
!;54C5B >1@0B8BL 2=8<0=85, GB> @5A?>=45=BK C:070;8 A@548 A>F80;L=KE ?@>1;5< 2  5A?C1;8:5 "0B0@AB0= B0:85 :>@@C?F8>35==K5 D0:B>@K, :0:, =0?@8<5@, >G5@548 2 ?>;8:;8=8:0E, ?;>E>5 <548F8=A:>5 >1A;C6820=85   18,6%, 2>;>:8B0, 1N@>:@0B87< 2 >@30=0E 2;0AB8   8,7%, =5E20B:0 45BA:8E A04>2 8 <5AB 2 45BA:8E A040E   5,1%.
"0:, 2>;>:8B0 8 1N@>:@0B87< 2 >@30=0E 2;0AB8 2KA>:> >F5=8205BAO 68B5;O<8 015@56=KE '5;=>2   19,3% 2 A@02=5=88 A @5A?>=45=B0<8 4@C38E 3>@>4>2, ?@5645 2A53> 070=8 (10,5%) 8 86=5:0<A:0 (9,9%). 5@5H5==>ABL 40==KE ?@>1;5< O2;O5BAO ?>4AB53820NI8< D0:B>@>< @0728B8O :>@@C?F8>==>AB8.
'8A;5==>5 A>>B=>H5=85 40==KE A53<5=B>2 2 2K1>@:0E 8AA;54>20=8O ?@54AB02;5=> 2 B01;8F5 !1.
 5A?>=45=B0< 1K; 7040= 2>?@>A: 07>28B5, ?>60;C9AB0, >A=>2=K5 A>F80;L=K5 ?@>1;5<K  5A?C1;8:8 "0B0@AB0=.
"01;8F0 !1
!0;84=K5 7=0G5=8O% >B >?@>H5==KE1KA>:85 F5=K (=0 B>20@K 8 CA;C38 ?5@2>9 =5>1E>48<>AB8)/@>AB F5=63,32 >AB :><<C=0;L=KE ?;0B5659 / 2KA>:85 B0@8DK %55,4387:85 70@01>B:8 /?5=A88/AB8?5=48848,64;>E85 4>@>3837,3557@01>B8F0/=5E20B:0 @01>G8E <5AB24,86BACBAB285 ?@5AB86=KE =>@<0;L=> >?;0G8205<KE @01>G8E <5AB20,37G5@548 2 ?>;8:;8=8:0E, ?;>E>5 <548F8=A:>5 >1A;C6820=8518,685E20B:0 45H52>3> 68;LO /4>@>3>287=0 68;LO14,99>@@C?F8O G8=>2=8:>2 2 >@30=0E 2;0AB812,410@O7L, <CA>@ =0 C;8F0E11,711;:>3>;87< / =0@:><0=8O11,312 57:>5 @0AA;>5=85 =0 1>30BKE 8 154=KE10,613-:>;>38O, ?;>E>5 A>AB>O=85 >:@C60NI59 A@54K / 2>74CE0 / 2>4K9,114@C3>58,915>;>:8B0, 1N@>:@0B87< 2 >@30=0E 2;0AB88,71687:>5 :0G5AB2> :><<C=0;L=KE CA;C38,31787:89 C@>25=L 1;03>CAB@>9AB20 3>@>4A:>9 8=D@0AB@C:BC@K (45B.?;>I04:8, 42>@K, ?0@:8 8 B.4.)8,2185E20B:0 45BA:8E A04>2 / <5AB 2 45BA:8E A040E5,119;>E0O @01>B0 >1I5AB25==>3> B@0=A?>@B05200B@C4=ONAL >B25B8BL2,5!C<<0384,9B>3> >B25B82H8E100
@02>2>5 >?@545;5=85 :>@@C?F88 <>65B =5 A>2?040BL A 3@0=8F59 <>@0;L=> >AC6405<>3> :>@@C?F8>==>3> ?>2545=8O.
"0:, A>F80;L=> ?@85<;5<>9 O2;O5BAO 4;O 10,8% @5A?>=45=B>2 ?@>F54C@0 40G8 27OB:8 8AE>4O 87 ?>=8<0=8O, GB> MB> =5>1E>48<0O G0ABL =0H59 687=8, 157 MB>3> =8G53> =5 A45;0BL.  B> 65 2@5<O 24,6% @5A?>=45=B>2 AG8B0NB, GB> MB>3> <>6=> 871560BL, => A 27OB:0<8 ;53G5 45;0BL 45;0. 4=0:> 2A5-B0:8 1>;LH8=AB2>   59,6% AG8B0NB, GB> MB>3> =C6=> 871530BL, ?>A:>;L:C :>@@C?F8O @07;0305B =0A 8 =0HC 2;0ABL. 
=0;87 2>A?@8OB8O :>@@C?F88 =0A5;5=85<  5A?C1;8:8 "0B0@AB0= ?>:07K205B, GB> =5:>B>@K5 A8BC0F88 2 687=8 >F5=820NBAO 1>;LH8=AB2>< :0: A;CG08 :>@@C?F88, 4@C385 4;O @5A?>=45=B>2 =5 8<5NB >B=>H5=8O : :>@@C?F88, 0 5ABL B0:85 >1AB>OB5;LAB20, :>B>@K5 =>AOB A?>@=K9, ?>3@0=8G=K9 E0@0:B5@. "0:, >48= 87 M:A?5@B>2 70405B >B=N4L =5 @8B>@8G5A:89 2>?@>A: GB> <>6=> 8=B5@?@5B8@>20BL :0: 27OB:C? > MB> C65 N@848G5A:85 :0=>=K. 0?@8<5@, :>340 <K G5;>25:C 70 CA;C3C 40@8< :>@>1:C :>=D5B, MB> :>@@C?F8O 8;8 =5B?
B<5G5==0O >A>15==>ABL ?@>O28;0AL 8 2 =0AB>OI5< 8AA;54>20=88 (B01;8F0!2). 
"01;8F0 !2
!>42>?@>AK-B> B>G=> A;CG09 :>@@C?F88-B> A?>@=0O A8BC0F8O: <>65B :>@@C?F8O, 0 <>65B  =5B-B> =5 8<55B >B=>H5=8O : :>@@C?F880B@C4=ONAL >B25B8BL0;84=K51!C4LO @5H05B E>7O9AB25==K9 A?>@ <564C 42C<O D8@<0<8 2 ?>;L7C B>9, :>B>@0O 40;0 27OB:C91,50%5,50%0,90%2,10%100%2=A?5:B>@  >AB0=02;8205B <0H8=C A A8;L=> ?LO=K< 2>48B5;5<, => 70 2>7=03@0645=85 >B?CA:05B 53>89,30%6,50%2,20%2,00%100%3%C;830= 70 27OB:C >A2>1>6405BAO >B =0:070=8O (15 ACB>:)86,60%7,80%2,80%2,80%100%45?CB0B 3>;>AC5B 2 ?>445@6:C ?@>5:B0 70:>=0 8;8 4@C3>3> 4>:C<5=B0, ?>;CG82 70 MB> 2>7=03@0645=8583,50%10,00%2,70%3,80%100%5$8@<0 ?>;CG05B 70:07 >B >@30=0 2;0AB8 =0 AB@>8B5;LAB2> ?> F5=5 2 420 @070 1>;LH59, G5< ?@8=OB0 =0 @K=:5 AB@>8B5;LAB2079,10%11,20%4,30%5,40%100%6!>B@C4=8: ?>;8F88 70 =5D>@<0;L=CN ?;0BC >15A?5G8205B 157>?0A=>ABL :><<5@G5A:>9 D8@<569,80%17,50%5,90%6,90%100%7@0G 70 =51>;LH>5 2>7=03@0645=85 2K405B 1>;L=8G=K9 ;8AB74,40%16,10%5,70%3,80%100%84<8=8AB@0F8O @09>=0 3@>78B 68B5;O< A5;0 =5 70257B8 :>@<0, 5A;8 68B5;8 =5 ?@>3>;>ACNB 70 =C6=>3> :0=4840B066,40%16,90%8,00%8,70%100%9'8=>2=8: ?@8 ?>ABC?;5=88 2 # 2 @0<:0E F5;52>3> =01>@0 30@0=B8@C5B ?>ABC?;5=85 =57028A8<> >B :0G5AB20 ?>43>B>2:867,00%20,60%6,20%6,10%100%10@C?=K9 @C:>2>48B5;L 72>=8B AC4L5 8 2K@0605B ?>65;0=85, :0: =C6=> @5H8BL @0AA<0B@8205<>5 45;>61,40%22,00%9,60%7,00%100%11'B>1K CA:>@8BL A@>:8 ?@8=OB8O @5H5=8O, ?@54?@8=8<0B5;L ?@8=>A8B G8=>2=8:C ?>40@>:62,00%25,40%7,80%4,80%100%12!BC45=B 2@CG05B M:70<5=0B>@C 1CBK;:C :>=LO:0 8 :>@>1:C :>=D5B 4;O ?>;CG5=8O E>@>H59 >F5=:854,90%25,50%15,50%4,00%100%13'8=>2=8: ?@8=8<05B ?@83;0H5=85 187=5A<5=0 ?>C68=0BL 2 @5AB>@0=5 ?>A;5 @5H5=8O MB8< G8=>2=8:>< ?@>1;5<K 187=5A<5=034,80%30,30%27,90%7,00%100%14'8=>2=8: CAB@08205B 65=C =0 @01>BC 2 D8@<C, @01>BC :>B>@>9 >= :>=B@>;8@C5B 2 @0<:0E A2>8E >1O70==>AB5928,90%32,40%30,40%8,30%100%15>;6=>AB=>5 ;8F> CAB@08205B =0 @01>BC : A515 2 254><AB2> A2>53> @>4AB25==8:0 8;8 1;87:>3> 4@C3028,60%33,60%30,90%6,90%100%
5AA?>@=K< ?@>O2;5=85< =0@CH5=8O 70:>==>AB8 4;O 1>;LH8=AB20 @5A?>=45=B>2 O2;ONBAO 459AB28O 4>;6=>AB=KE ;8F   AC459 (!1   91,5%), A>B@C4=8:>2  (!2   89,3%), A>B@C4=8:>2 ?>;8F88 (!3   86,6%, !6   69,8%), ?@54AB028B5;59 70:>=>40B5;L=>9 2;0AB8 (!4   83,5%), G8=>2=8:>2, >D>@<;ONI8E ?>4@O4 ?> 702KH5==K< @0AF5=:0< 4;O AB@>8B5;L=>9 D8@<K (!5 79,1%), :>B>@K5 70 2>7=03@0645=85 A>25@H0NB :>@@C?F8>==K5 459AB28O. 548F8=A:89 @01>B=8: (!7   74,4%), 40NI89 1>;L=8G=K9 ;8AB 70 2>7=03@0645=85, 8 ?@5?>4020B5;L (!12   54,9%), ?>;CG0NI89 ?@>4C:B>2K9 ?0:5B 70 ?>AB02;5==CN E>@>HCN >F5=:C ABC45=BC =0 M:70<5=5, B>65 =0E>4OBAO 2 :>@@C?F8>==>9 ;8=59:5 ?@02>=0@CH5=89. 
4=0:> :>@@C?F8>==K5 459AB28O, =5 A2O70==K5 A 45=56=K< 2>7=03@0645=85<, 2K7K20NB 70B@C4=5=8O C @5A?>=45=B>2 2 >?@545;5=88 8E :20;8D8F8@CNI8E E0@0:B5@8AB8:, =0?@8<5@, A8BC0F8O :>340 04<8=8AB@0F8O @09>=0 3@>78B 68B5;O< A5;0 =5 70257B8 :>@<0, 5A;8 68B5;8 =5 ?@>3>;>ACNB 70 =C6=>3> :0=4840B0 (!8   66,4%), 3>AA;C60I89 CAB@08205B 2 D8@<C, :>B>@CN 2 @0<:0E A2>8E >1O70==>AB59 >= :>=B@>;8@C5B, A2>N 65=C (!14   28,9%) 8;8 A515 =0 @01>BC @>4AB25==8:0 (4@C30) (!15   28,6%).
0: 2848<, @5F8?@>:=K5 2708<>459AB28O (B.5. 2708<>>1<5= 40@0<8 <564C G;5=0<8 A>F80;L=>9 3>@87>=B0;L=>9 A5B8) A>740NB CA;>28O 4;O >?@0240=8O =570:>==KE ?>40@:>2. @0=8F0 <564C :>@@C?F859 8 :064>4=52=K<8 ?@0:B8:0<8 40@5=8O 45;05BAO 25AL<0 CA;>2=>9. !<>B@8B5 A8BC0F8N !13, :>B>@0O >F5=8205BAO @5A?>=45=B0<8 ?> ACB8 :0: =5 :>@@C?F8>==0O (58,2%). 
KB>2K5 AB5@5>B8?K =0A5;5=8O > :>@@C?F8>==>< ?>2545=88 3>AA;C60I8E >A=>2K20NBAO =0 ?>=8<0=88 =5D>@<0;L=KE 2>7<>6=>AB59, :>B>@K5 ?>O2;ONBAO C G8=>2=8:0, 8 8=D>@<0F8>==>9 >A254><;5==>AB8 > :>@@C?F8>==KE 7;>C?>B@51;5=8OE 2 >@30=0E 2;0AB8 (B01;8F0 3).
! 4@C3>9 AB>@>=K, AB5@5>B8?=>9 O2;O5BAO ?>78F8O 2 >1I5AB25==>< A>7=0=88, >72CG5==0O >4=8< 87 @5A?>=45=B>2, GB> ;N48 2>A?@8=8<0NB =5 B0:, GB> A2>;>GL, A:>;L:> =02>@>20;. =8 2>A?@8=8<0NB B0:8< >1@07><   >= 2>@C5B, 0 <=5 =5;L7O. = =02>@>20; AB>;L:>, 0 O E>BO 1K G0ABL. 0:-B> 2>B B0: 2>B, ?>:0 <5=B0;8B5B C ;N459 B0:>9, GB> 5I5 =5 2A5 2AB0NB =0 1>@L1C A :>@@C?F859.
 5A?>=45=B0< 1K; 7040= A;54CNI89 2>?@>A: 5@54:> <>6=> CA;KH0BL, GB> ;N48 2 >@30=0E 2;0AB8 =5G5AB=K, :>@KAB=K, ?@8E>4OB 2> 2;0ABL B>;L:> 4;O A2>53> >1>30I5=8O. ! :0:8< 87 2KA:07K20=89 =0 MBC B5<C K A>3;0A=K ?@8<5=8B5;L=> : @5A?C1;8:0=A:8< >@30=0<?
"01;8F0 !3
!0;84=K5 7=0G5=8O% >B >?@>H5==KE15=LH8=AB2> ;N459 2 @5A?C1;8:0=A:8E >@30=0E 2;0AB8 15@CB 27OB:815,62>;LH8=AB2> ;N459 2 @5A?C1;8:0=A:8E >@30=0E 2;0AB8 15@CB 27OB:841,938 B>, =8 4@C3>5, ?@8<5@=> ?>@>2=C23,340B@C4=ONAL >B25B8BL19,2B>3> >B25B82H8E100
0: 2848<, =5 A><=520NBAO 2 G5AB=>AB8 1>;LH8=AB20 G8=>2=8:>2 B>;L:> 15,6% @5A?>=45=B>2, 41,9% AG8B0NB, GB> 1>;LH8=AB2> 3>AA;C60I8E A:;>==K : :>@@C?F8>==><C ?>2545=8N.
 @0<:0E D>:CA-3@C?? A;C60I8E 8 >1I5AB25==KE >@30=870F89 1K;0 2KA:070=0 ?>78F8O, GB> A@548 =0A5;5=8O ?@5>1;0405B AB5@5>B8?=>5 ?>=8<0=85 ;N1>3> G8=>2=8:0 :0: :>@@C?F8>=5@0. # =8E G8=>2=8:   :>@@C?F8>=5@ C65 87=0G0;L=>, B0:>5 C =0A 5ABL ?>=OB85.
@8<5=8B5;L=> : <5AB=K< >@30=0< 2;0AB8 :>@@C?F8>==>5 ?>2545=85 G8=>2=8:>2 >F5=8205BAO 1>;55 1;03>65;0B5;L=> (B01;8F0 !4). 
 5A?>=45=B0< 1K; 7040= A;54CNI89 2>?@>A:  :0: K 4C<05B5, A>B@C4=8:8 @07;8G=KE <5AB=KE >@30=>2 2;0AB8, A :>B>@K<8 =0< ?@8E>48BAO G0AB> 8<5BL 45;>, =0?@8<5@, <M@8O, A>15A, 68;>B45;, 15@CB 27OB:8 8;8 =5B? 0: <=>3> B0:8E ;N459?
"01;8F0 !4
!0;84=K5 7=0G5=8O% >B >?@>H5==KE15=LH8=AB2> ;N459 2 <5AB=KE >@30=0E 2;0AB8 15@CB 27OB:820,62>;LH8=AB2> ;N459 2 <5AB=KE >@30=0E 2;0AB8 15@CB 27OB:833,438 B>, =8 4@C3>5, ?@8<5@=> ?>@>2=C22,440B@C4=ONAL >B25B8BL23,6B>3> >B25B82H8E100
5 A><=520NBAO 2 G5AB=>AB8 1>;LH8=AB20 A;C60I8E 2 <5AB=KE >@30=0E 2;0AB8 B>;L:> 20,6% @5A?>=45=B>2, 33,4% AG8B0NB, GB> 1>;LH8=AB2> A;C60I8E A:;>==K : :>@@C?F8>==><C ?>2545=8N.
!;54C5B >1@0B8BL 2=8<0=85, GB> 2 2KH5?@82545==KE B01;8F0E A8BC0F8O >F5=8205BAO @5A?>=45=B0<8 ?@0:B8G5A:8 >48=0:>2> 2 ?;0=5 :>@@C?F8>==>9 2>2;5G5==>AB8 G8=>2=8:>2 =8 B>, =8 4@C3>5, ?@8<5@=> =0?>;>28=C.
>6=> 2KO28BL A;54CNICN B5=45=F8N, GB> :0: B>;L:> 3@0640=5 8 ?@54?@8=8<0B5;8 (A<. ?>4@>1=55 2 @0745;5 4) ?KB0NBAO >F5=820BL :>@@C<?8@>20==>ABL 2;0AB=KE 8=AB8BCB>2, >=8 A@07C >:07K20NBAO ?>4 2;8O=85< F8@:C;8@CNI8E <8D>2, CA8;8205<KE A@54AB20<8 <0AA>2>9 8=D>@<0F88. '5< <5=LH5 3@0640=5 :>=B0:B8@CNB A 8=AB8BCB>< 2;0AB8, B5< 1>;LHCN :>@@C<?8@>20==>ABL >=8 A:;>==K 5<C ?@8?8AK20BL. -B>, 5AB5AB25==>, >?@545;O5BAO B5<, GB> ! 1>;LH5 ;N18B ?8A0BL > 25@ECH5G=>9, ?>;8B8G5A:>9 :>@@C?F88.
@0:B8G5A:8 ?>@>2=C @0745;8;0AL >F5=:0, GB> :>@@C?F8O C25;8G8;0AL (14%) 8 C<5=LH8;0AL (13,1%) ?>A;5 53> 871@0=8O, 26,3% @5A?>=45=B>2 70B@C4=8;8AL >F5=8BL A8BC0F8N.
=B5@5A=0 ?>78F8O @5A?>=45=B>2 =0AG5B CA?5H=>AB8 459AB289 2;0AB59 2 "0B0@AB0=5 2 ?@>B82>459AB288 :>@@C?F88 70 ?5@8>4 2008-2014 3>4>2 (B01;8F0!5).
"01;8F0 !5
!0;84=K5 7=0G5=8O% >B >?@>H5==KE1>G5=L CA?5H=K4,22A:>@55 CA?5H=K32,43A:>@55 157CA?5H=K33,74A>25@H5==> 157CA?5H=K13,3570B@C4=ONAL >B25B8BL16,4B>3> >B25B82H8E100
47% @5A?>=45=B>2 >B:07K20NB 2 MDD5:B82=>AB8 0=B8:>@@C?F8>==KE <5@>?@8OB89 @5A?C1;8:0=A:8< 2;0ABO< 8 B>;L:> 36,6% A>3;0H0NBAO A 55 CA?5H=>ABLN.
5AA8<8AB8G=> =0AB@>5=K 31,4% @5A?>=45=B>2, :>B>@K5 AG8B0NB, GB> C =0A 2>@>20;8 8 1C4CB 2>@>20BL 2A5340, A MB8< =8G53> =5 ?>45;0BL.
;O 23,6% @5A?>=45=B>2 :>@@C?F8O <>65B 1KBL ?>15645=0, 5A;8 2KAH55 @C:>2>4AB2>  >AA88 70E>G5B 1>@>BLAO A =59, B> 5ABL 4;O =8E 0=B8:>@@C?F8>==K5 <5@>?@8OB8O B>65 =5MDD5:B82=K. >78B82=> =0AB@>5=K 42,4% >?@>H5==KE, :>B>@K5 AG8B0NB, GB> :>@@C?F8N <>6=> ?>1548BL B>;L:> 2A5< <8@><. ! =59 4>;6=K 1>@>BLAO 8 2;0AB8, 8 2A5 3@0640=5.
0: 2848<, 425 ?>A;54=85 3@C??K >1;040NB A:;>==>ABLN : ?0B5@=0;8ABA:><C @5H5=8N ?@>1;5<K (2KAH55 @C:>2>4AB2>  >AA88 70E>G5B 1>@>BLAO A =59), D0B0;87<>< (2  >AA88 2A5340 1C4CB 2>@>20BL) 8 =53>B>2=>ABLN >1J548=8BLAO 4;O ?@>B82>459AB28O :>@@C?F88.
!@548 ?@54AB028B5;59 >1I5AB25==KE >@30=870F89 AD>@<8@>20;>AL <=5=85, GB> 5A;8 1K 0=B8:>@@C?F8>==0O ?>;8B8:0 25;0AL A8AB5<=>, MB0 :>@@C?F8O =5 8<5;0 1K A2>8 3;C1>:85 :>@=8..., 345 G8=>2=8:8, >B25BAB25==K5 ;8F0, <K 2848<, ?>  >AA89A:>9 $545@0F88 3C15@=0B>@K ?CB0NB A2>8 :0@<0=K A 3>AC40@AB25==K< :0@<0=><.
>78B82=> =0AB@>5=K 42,4% >?@>H5==KE, :>B>@K5 AG8B0NB, GB> :>@@C?F8N <>6=> ?>1548BL B>;L:> 2A5< <8@><. ! =59 4>;6=K 1>@>BLAO 8 2;0AB8, 8 2A5 3@0640=5.
"0:, @5A?>=45=B, :>B>@K9 O2;O5BAO A;C60I8<, 3>2>@8B, GB> 5ABL A8AB5<=>ABL, O 5I5 O2;ONAL :0: 1K ?>A2OI5==K< G5;>25:><, O 65 >B25BAB25==0O, ?>MB><C 2A5 <5@>?@8OB8O, 2A5 ?;0=K ?@028B5;LAB20, =0G8=0O A  >AA89A:>9 $545@0F88 8 4> @5A?C1;8:8, >=8 84CB 2A5 ?;0=><5@=>. 4=>, 4>?CAB8<, 87 4@C3>3>. / 286C A8AB5<=>ABL. , <>65B 1KBL, 4;O ?@>AB>3> =0@>40 MB> @07>2K5, <>65B 1KBL, B0:.
=B5@5A=0 >F5=:0 @5A?>=45=B0<8 0=B8:>@@C?F8>==>3> 8=AB@C<5=B0@8O, ?@8<5=O5<>3> 3>AC40@AB2>< (B01;8F0 !6).
 5A?>=45=B0< 1K; 7040= A;54CNI89 2>?@>A: ;O 1>@L1K A :>@@C?F859 3>AC40@AB2> @07@01>B0;> @O4 0=B8:>@@C?F8>==KE <5@. 0:85 87 =8E 2K 3>B>2K, A>3;0A=K ?>445@60BL? 
"01;8F0 !6
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
>;LH8=AB2> @5A?>=45=B>2 A:;>=ONBAO : @5?@5AA82=>-:0@0B5;L=K< <5B>40< G5@57 C65AB>G5=85 C3>;>2=>3> 70:>=0   81,3%.
06=K< 8=AB@C<5=B>< 4;O 1>@L1K A :>@@C?F859 O2;O5BAO <>=8B>@8=3 1;03>A>AB>O=8O 3>AA;C60I53>, ?> <=5=8N 69,2% @5A?>=45=B>2. 06=> ?@82;5G5=85 A@54AB2 <0AA>2>9 8=D>@<0F88, ?C1;8G=>5 >AC645=85 D0:B>2 :>@@C?F88 8 ;8F, 2 =55 2>2;5G5==KE, 4;O 60% @5A?>=45=B>2.
4=0:> A@548 @5A?>=45=B>2 =5B AB>9:>3> ?>=8<0=8O, GB> =5 B>;L:> @5?@5AA82=>-:0@0B5;L=K<8 <5@>?@8OB8O<8 1>@L10 A :>@@C?F859 1C45B MDD5:B82=0. 
8HL ?> <=5=8N 56,1% @5A?>=45=B>2, B@51CNBAO 0=B8:>@@C?F8>==K5 >1@07>20B5;L=K5 ?@>3@0<<K 4;O @07;8G=KE A>F80;L=KE 3@C?? =0A5;5=8O, 2:;NG0O G8=>2=8G5AB2>.
=D>@<8@>20=85 3@0640= > 2>7<>6=>ABOE ?@>B82>AB>O=8O :>@@C?F88 (:>=B0:B=0O 8=D>@<0F8O ?>4@0745;5=89 ?> 1>@L15 A :>@@C?F859, 0 B0:65 B5;5D>=>2 A?5F80;L=KE ;8=89 8 ?@.) 0:BC0;L=0 4;O 55,5%.
0AA>20O ?@>?030=40 =5B5@?8<>AB8 : :>@@C?F88 206=0 4;O 55,3%.
#?@>I5=85 ?@>F54C@K ?@54>AB02;5=8O CA;C3 3@0640=0< >@30=0<8 2;0AB8 (=0?@8<5@, M;5:B@>==0O @538AB@0F8O, 8=B5@=5B-?>@B0; 3>AC40@AB25==KE CA;C3) 206=> 4;O 51,9% @5A?>=45=B>2.
>2KH5=85 ?@>7@0G=>AB8 2708<>459AB28O 3>AC40@AB25==KE A;C60I8E A >@30=870F8O<8 2 @0<:0E A>740=8O A8AB5<K -;5:B@>==>5 ?@028B5;LAB2> (M;5:B@>==K5 B>@38, ?@54>AB02;5=85 CA;C3 2 M;5:B@>==>< 2845) 206=> 4;O 46,5% >?@>H5==KE.
=54@5=85 2 >@30=0E 2;0AB8 A8AB5<K @>B0F88 4>;6=>AB=KE ;8F B@51CNB 35,2%.
 53;0<5=B8@>20=85 ?>40@:>2 G8=>2=8:0< (>3@0=8G5=85 AB>8<>AB8 ?>40@:0, =5>1E>48<>ABL ?5@540G8 4>@>38E ?>40@:>2 2 3>AC40@AB25==CN 8;8 <C=8F8?0;L=CN A>1AB25==>ABL)   27,2%.
>2KH5=85 70@?;0B G8=>2=8:0<, GB>1K >=8 <5=LH5 AB@5<8;8AL : ?>;CG5=8N =5;530;L=KE 4>E>4>2   9,4%.
0==K5 3>AC40@AB25==K5 0=B8:>@@C?F8>==K5 <5@>?@8OB8O @5A?>=45=BK 2 ?;0=5 ?@8<5=5=8O <5AB=K<8 2;0ABO<8 @0AA<>B@5;8 2  5A?C1;8:5 "0B0@AB0= (B01;8F0 !7).
"01;8F0 !7
!0;84=K5 7=0G5=8O% >B >?@>H5==KE1#?@>I5=85 ?@>F54C@K ?@54>AB02;5=8O CA;C3 3@0640=0< >@30=0<8 2;0AB8 (=0?@8<5@, M;5:B@>==0O @538AB@0F8O, 8=B5@=5B-?>@B0; 3>AC40@AB25==KE CA;C3)49,62>2KH5=85 ?@>7@0G=>AB8 2708<>459AB28O 3>AC40@AB25==KE A;C60I8E A >@30=870F8O<8 2 @0<:0E A>740=8O A8AB5<K -;5:B@>==>5 ?@028B5;LAB2> (M;5:B@>==K5 B>@38, ?@54>AB02;5=85 CA;C3 2 M;5:B@>==>< 2845)39,23@82;5G5=85 A@54AB2 <0AA>2>9 8=D>@<0F88, ?C1;8G=>5 >AC645=85 D0:B>2 :>@@C?F88 8 ;8F, 2 =55 2>2;5G5==KE33,54#65AB>G5=85 =0:070=8O 70 :>@@C?F8N27,55#A8;5=85 :>=B@>;O 70 4>E>40<8 8 @0AE>40<8 G8=>2=8:>2 8 G;5=>2 8E A5<5927,16=D>@<8@>20=85 3@0640= > 2>7<>6=>ABOE ?@>B82>AB>O=8O :>@@C?F88 (:>=B0:B=0O 8=D>@<0F8O ?>4@0745;5=89 ?> 1>@L15 A :>@@C?F859, 0 B0:65 B5;5D>=>2 A?5F80;L=KE ;8=89 8 ?@.)25,570AA>20O ?@>?030=40 =5B5@?8<>AB8 : :>@@C?F8820,28=B8:>@@C?F8>==K5 >1@07>20B5;L=K5 ?@>3@0<<K :0: 4;O CG0I8EAO H:>; 8 2C7>2, B0: 8 4;O G8=>2=8:>217,590B@C4=ONAL >B25B8BL17,510=54@5=85 2 >@30=0E 2;0AB8 A8AB5<K @>B0F88 4>;6=>AB=KE ;8F12,511 53;0<5=B8@>20=85 ?>40@:>2 G8=>2=8:0< (>3@0=8G5=85 AB>8<>AB8 ?>40@:0, =5>1E>48<>ABL ?5@540G8 4>@>38E ?>40@:>2 2 3>AC40@AB25==CN 8;8 <C=8F8?0;L=CN A>1AB25==>ABL)11,812>2KH5=85 70@?;0B G8=>2=8:0<, GB>1K >=8 <5=LH5 AB@5<8;8AL : ?>;CG5=8N =5;530;L=KE 4>E>4>27,4!C<<0289,4B>3> >B25B82H8E100
45AL, ?@5645 2A53>, 2K7K205B >15A?>:>5==>ABL 4>AB0B>G=> 2KA>:89 ?>:070B5;L 2 17,5% @5A?>=45=B>2, 70B@C4=82H8EAO A:070BL >1 0=B8:>@@C?F8>==KE <5@>?@8OB8OE 2  5A?C1;8:5 "0B0@AB0=. @8<5=8B5;L=> : @>AA89A:>9 0=B8:>@@C?F8>==>9 ?@>1;5<0B8:5 70B@C4=O;8AL >B25B8BL 3,3%.
@8 A@02=8B5;L=>-A>?>AB028B5;L=>< 0=0;875 B01;8F 7 8 8 284=>, GB> =0?@02;5=85 #?@>I5=85 ?@>F54C@K ?@54>AB02;5=8O CA;C3 3@0640=0< >@30=0<8 2;0AB8 (=0?@8<5@, M;5:B@>==0O @538AB@0F8O, 8=B5@=5B-?>@B0; 3>AC40@AB25==KE CA;C3) :0: 0=B8:>@@C?F8>==>3> <5E0=87<0 ?@0:B8G5A:8 A>2?0405B: 51,9% 8 49,6%, GB> 3>2>@8B >1 MDD5:B82=>AB8 2=54@5=8O 40==>3> 8=AB@C<5=B0@8O.
"0:, ?> <=5=8N >4=>3> 87 M:A?5@B>2, A53>4=O <=>3> <><5=B>2, :>B>@K5 <>6=> >1>1IQ==> =0720BL -;5:B@>==>5 ?@028B5;LAB2>   157CA;>2=>, MB> B0 D>@<0, :>340 <K, 284O ?@>872>; :0:>3> ;81> G8=>2=8:0, <>65< >1@0B8BLAO 2 1>;55 2KA>:89 >@30= 3>A2;0AB8. ABL :>=:@5B=K5 ?@8<5@K, 2 B>< G8A;5 8 2 "0B0@AB0=5, :>340 MB> A@010BK205B, G5;>25:0 =0:07K20NB, 5A;8 >= 459AB28B5;L=> A>25@H05B :0:>5-B> =5?@02><5@=>5 45O=85 8 2;0AB8 ?KB0NBAO @5038@>20BL A ?><>ILN MB>3>.
-DD5:B82=>ABL 40==KE <5@>?@8OB89 4>AB0B>G=> @07=>=0?@02;5==> >F5=820;0AL @5A?>=45=B0<8 (B01;8F0 !8).
"01;8F0 !8
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
0: MDD5:B82=>5 <5@>?@8OB85 2  5A?C1;8:5 "0B0@AB0= >F5=8205BAO C65AB>G5=85 =0:070=8O 70 :>@@C?F8N 81,9% @5A?>=45=B>2. #?@>I5=85 ?@>F54C@K ?@54>AB02;5=8O CA;C3 3@0640=0< >@30=0<8 2;0AB8 (=0?@8<5@, M;5:B@>==0O @538AB@0F8O, 8=B5@=5B-?>@B0; 3>AC40@AB25==KE CA;C3) MDD5:B82=> :0: 0=B8:>@@C?F8>==K9 8=AB@C<5=B 4;O 59,6% @5A?>=45=B>2. #A8;5=85 :>=B@>;O 70 4>E>40<8 8 @0AE>40<8 G8=>2=8:>2 8 G;5=>2 8E A5<59 MDD5:B82=> @01>B05B 2  " 4;O 68,7%.
@82;5G5=85 A@54AB2 <0AA>2>9 8=D>@<0F88, ?C1;8G=>5 >AC645=85 D0:B>2 :>@@C?F88 8 ;8F, 2 =55 2>2;5G5==KE, ?>;57=>, ?> <=5=8N 70,2% @5A?>=45=B>2.
5MDD5:B82=>9 0=B8:>@@C?F8>==>9 <5@>9 4;O 73,6% @5A?>=45=B>2 1C45B ?>2KH5=85 70@?;0B G8=>2=8:0<, GB>1K >=8 <5=LH5 AB@5<8;8AL : ?>;CG5=8N =5;530;L=KE 4>E>4>2.
>;LH8=AB2> M:A?5@B>2 ?>78B82=> >F5=8205B 0=B8:>@@C?F8>==K5 <5@>?@8OB8O 8 8E MDD5:B82=>ABL, 87<5=5=8O 5ABL, 87<5=5=8O ?>78B82=K5, ?>B><C GB> 4065 B0 8=D>@<0F8O, :>B>@0O =>A8B >B:@KBK9 E0@0:B5@, ?C1;8:0F88, :>B>@K5 =>AOB >B:@KBK9 E0@0:B5@, >=8 ?>:07K20NB, GB> >B=>H5=85 @C:>2>4AB20 @5A?C1;8:8 : :>@@C?F88 <5=O5BAO, <5=O5BAO :0@48=0;L=>.
! 4@C3>9 AB>@>=K, @O4 M:A?5@B>2 2 MB>9 A8AB5<5 284OB @O4 =54>G5B>2. "0:, >48= 87 M:A?5@B>2 3>2>@8B, GB> A8AB5<C ?KB0NBAO 2A5-B0:8 2KAB@>8BL, => A8AB5<0 A2>48BAO : =0;06820=8N CG5B0, : A>25@H5=AB2>20=8N =>@<0B82=>9 107K, 5A;8 3>2>@8BL > A8AB5<5 ?@8<5=8B5;L=> : B><C, GB>1K @50;L=>&  C?@>I5==> 3>2>@O   ?;0= ?> :>@@C?F8>=5@0<, ?>:0 2A5 :@CB8BAO 2>:@C3 >B45;L=KE ;N459: ?>?0;AO   B51O @0AB5@70NB, =5 ?>?0;AO   7=0G8B, BK 6825HL. 
=0;87 2>A?@8OB8O :>@@C?F88 =0A5;5=85<  5A?C1;8:8 "0B0@AB0= ?>:07K205B, GB> 40==K9 D5=><5= O2;O5BAO :@C?=59H59 A>F80;L=>9 ?@>1;5<>9 2 >@30=0E 2;0AB8. "0:, ?@8 2K1>@5 =5 <5=55 B@5E 3;02=KE D0:B>@>2 ?>A;54AB289 :>@@C?F8>==>AB8 2 AB@0=5 @5A?>=45=BK C:07K20;8, GB> MB> O2;5=85 ?@8G8=O5B >3@><=K9 M:>=><8G5A:89 CI5@1 =0A5;5=8N   56,5%, B>@<>78B M:>=><8G5A:>5 @0728B85  >AA88   56%, @07;0305B >1I5AB25==CN <>@0;L   49,3%, ?>4@K205B 02B>@8B5B 2;0AB8   42,5%.
! 4@C3>9 AB>@>=K, 2 A>F80;L=KE ?@0:B8:0E =0A5;5=8N ?>@>9 A;>6=> >B45;8BL 27OB:C >B :C;LBC@=> ?@54?8A0==>3> >40@820=8O (B01;8F0 ! 2). (8@>:0O 8 =0AKI5==0O ?0CB8=0 @5F8?@>:=KE 2708<>459AB289 :@09=5 E0@0:B5@=0 4;O  >AA88 8  5A?C1;8:8 "0B0@AB0=, GB> A>7405B CA;>28O 4;O >?@0240=8O =570:>==KE ?>40@:>2. @0=8F0 <564C :>@@C?F859 8 :064>4=52=K<8 ?@0:B8:0<8 40@5=8O 45;05BAO 25AL<0 CA;>2=>9.
 5:><5=40F88:
1.5>1E>48<> ?>AB>O==>5 @0A?@>AB@0=5=85 ?>;8B8:>-?@02>2>9 8=D>@<0F88 >@50;L=KE <0AHB010E :>@@C?F88, >?@8G8=0E, 55 ?>@>640NI8E, >1 CI5@15, :>B>@K9 =5A5B >1I5AB2> 8 3>AC40@AB2> 2@57C;LB0B5 :>@@C?F8>==KE ?@>O2;5=89 :0: 4>;6=>AB=>3> ;8F0, B0: 8 70O28B5;O.
2.@>B82>459AB285 >H81>G=K< ?@54AB02;5=8O< 8 701;C645=8O< >:>@@C?F88 2>1I5AB25==>< A>7=0=88 4>;6=> 1078@>20BLAO =0?>8A:5 0;LB5@=0B82=>3> 8=D>@<0F8>==>-?>78B82=>3> @5AC@A0 2 @0<:0E ?@02>2>3> ?>;O.  MB>< :0G5AB25 4>;6=K D83C@8@>20BL ?@8<5@K CA?5H=KE 0=B8:>@@C?F8>==KE ?@0:B8: 2  >AA88 8 70 @C156><.
3.3.F5=:0 :>@@C?F8>==KE ?@>O2;5=89 A@54AB20<8 <0AA>2>9 :><<C=8:0F88.
 CA;>28OE A>2@5<5==>9 >1I5AB25==>-?>;8B8G5A:>9 A8BC0F88 2  >AA88 @0728B85 8 0:B82=>5 @0A?@>AB@0=5=85 :>@@C?F88 =530B82=> 2;8O5B =0 02B>@8B5B >@30=>2 3>AC40@AB25==>9 8 <C=8F8?0;L=>9 2;0AB8, 70B@C4=O5B M:>=><8G5A:>5 @0728B85 AB@0=K 8 A=8605B MDD5:B82=>ABL 3>AC40@AB25==>3> C?@02;5=8O.
! O2;ONBAO 845>;>38G5A:8< 8=AB@C<5=B>< 2 :><<C=8:0F88, :>B>@K9 =5 B>;L:> ?@54>AB02;O5B D0:BK, => B0:65 ?@54;0305B ?CBL 8E ?>=8<0=8O 8 ?@840=8O A<KA;0 MB8< D0:B0<, 0 B0:65 ?>72>;O5B 2A:@KBL <5E0=87<K @0728B8O B>3> 8;8 8=>3> O2;5=8O. =0G5 3>2>@O, @8A:>35==>9 ?@54AB02;O5BAO =5 8=D>@<0F8O ?> A8BC0F88 A :>@@C?F8>==>9 A>AB02;ONI59 2 AB@0=5 8 @5A?C1;8:5, 0 A?>A>1K 8 D>@<K 55 8=B5@?@5B0F88 >B45;L=K<8 !.
@8 >F5=:5 459AB25==>AB8 ! 2 ?>;5 ?@>1;5<K 2>A?@8OB8O :>@@C?F8>==KE ?@>O2;5=89 =5>1E>48<> CG8BK20BL B>G:C 7@5=8O (@50:F8N) >158E AB>@>=-CG0AB=8F MB>3> 2840 A>F80;L=>9 :><<C=8:0F88.  ?5@2CN >G5@54L D>@<8@>20=85 A ?><>ILN B0:>3> 845>;>38G5A:>3> 8=AB@C<5=B0, :0: !, >1@070 :>@@C?F88 2 >1I5AB25,0<>@B		 
2
4
6
8




,.
˛xxkkfk	h3\jhc@hU\hKNh\	h\hc@h\h5\h5\hc@h5\hc@h`o5h`oh5\h`oh`o5\hc@h`o5\h`o5\h##5\h5CJ,\h}5CJ,\hc@h5CJ,\hN5CJ,\&B	4
6

(07t8.9$
dh`a$gdPl$
dh`a$gd$
&F
dh*$^`a$gd
$dha$gd$dh*$a$gd`o
$dha$gdpe$a$gdl^t2"4">"H"((`*z***++..044Z444(5*5777d8p8r8t8294999::::P;R;&>(>@?B?@@AAB
BCCCC@DBDDD򵫤	h<\h5\h35\hc@h5\h`o5\	h-S\	hpGq\h8h<\	hPl\hPlhPl\	h\	h3\h8h.3\	ha\hc@h\	hJp\<.99::L;;"><?@~ABnBCC>DDEFMSZz^aclkmpv$
dh`a$gdDEEFFzI~ITJVJXJ0K2K8KTTTTT\\\\B_D_aa6h8hs\uuvPxRxyy{0{F{H{}j}lB>:<>@B|깱h'e5\hc@h5\	h'e\	h\hc@hqPw\	hqPw\	h\h'xh'x\h'xh\	hc\	h`o\hPlh3\	h3\h8h<\	h<\hc@h\9vyH{|>@"v@:H$
dh`a$gd+$
dh`a$gd42$
&F
dh*$^`a$gd'e$
dh`a$gdqPw$
dh`a$gdVnև@D":< "hj*,ڞܞ2H:<B·rtFP{wph8h<hlh1$h+CJaJ*h1$h+CJaJh1$h+5CJaJhqPwh+h42h3hPlh3\hEh42	h42\	hQ\h8h<\	h<\hc@h\	h3\	hQ\	h'\	h\hc@h5\h5\+Hȯ޴BJT^hr|·з(6DR\Ff	$Ifgd/'$
dh`a$gd+\prtv@.
$
&F
dh*$^`a$gdQ$
dh`a$gd$
&F
dh*$^`a$gd$
dh`a$gd+Ffi	$Ifgd/'PRb"~rtŻŻٻwhc@hj*5	hj*5hh;hbhc@hbh3hc@h	hK5	h`o5hc@h5h5\h`oh`o5\h`o5\	h##\hc@h\h35\hc@h5\hj*5\h+hqPwh+h<-tR&	`$dh7$8$H$`a$gdH$dh1$`a$gdj*$dh`a$gd;$dh`a$gd$dh*$a$gd`o$
dh`a$gd##t4pNP"	F	j	RX`bdfBD@BhzTV  ʻhh&3hhc@hj*h`ohj*6h56h`ohj*56h`ohj*56mH	sH	h-Sh\qhHh##h3h:	hHhHA %.%%&''*)F)*0+P-l-1h33^;z;D<=<?p?$dh1$`a$gdE$dh1$`a$gdj*   %%*%,%.%4%6%%%&&''&)*)B)D)F)L)N)))*0+,,,,L-P-h-j-l-r-t-t//J1P1X111h3333Z;^;v;x;z;|;@<B<D<=ݥhKhj*56hj*hVB*phh&uDB*phh8h\hc@hj*B*phhN	hV6hVh&uDhc@hj*	h&36h`ohj*6h&3hqPwhmhj*:===:?<?l?n?p?@@BB*B,B.BEFFFFFFGGHHIIJJJ
JJKKLLzN|NhPjPlPPPPSS0V>VvXxXzXXйХh56hKhj*56hc@hDhEhDhj*hVB*phh&uDB*phhc@hj*B*phhNhVh&uDhc@hj*	hV6hKhj*6hc@hEhEhEhj*56hV564p?B.BFFGIJL|NlPPSVzXX"\d`a"cdef2hikln$dh1$`a$gdj*XXXXXJ[P[~[[[[[[[[[[[[\
\ \"\*\j`l`deeefffgggg&h.hm&mVtntptrtxtztvvv yPyRyTyz{{{
{{{}}}N}P}R}<TVX^`	h6h&h
4hOhj*h56hKhj*56hc@h&uDh&uDhc@hj*hKhj*6	h6JnpVtrtv yTyz{{}R}<X҂ċzl<X$dh`a$gd$dh1$`a$gdO$dh1$`a$gdj*҂@R܈@‹ċ̋΋܌ތVXZ"XRb8ļȵȱȱȝ{j{ h&B*fHphq
 huGB*fHphq
 h]B*fHphq
&hc@hB*fHphq
h]hc@h&hPlh&\h&hc@h	h5	h&5	hK5hKhc@h5hhNhOhOhc@hj*&VXT "(*BVHڧĭʹʹld_dZUdNJNCNhOhh&hc@h	h5	h&5	hK5hc@h5&hOhuGB*fHphq
&huGhuGB*fHphq
&hOh]B*fHphq
 huGB*fHphq
 h]B*fHphq
 hQB*fHphq
 hB*fHphq
&hc@huGB*fHphq
X"*.8D*lP$dh`a$gdĭʭЭҭ  *&(hjz| <DF>jV^ZþùhhO	h5	h5t15	hK5hc@h5hhPlh5t1\h5t1hOhOhPlh&\hOhh&hc@hh
4D<ZT6	> $dh`a$gdl$dh`a$gdZbd6>@46 "&*,ῷhl5B*phh`o5\h:eh`o5\h`oB*phhlhc@hChChhOhho#rh5t1hc@h	h5	h5t15	hK5hc@h59*,H"%'r(+146;=d>??XA B$
&F
dh^`a$gd'e`gd'e$dh`a$gd'e
$dha$gdl$dh`a$gdl,6Hr%%''r(v(((++++++++001111X1Z122222244F4H4555V6T7V7R8ۑۑۑۑۄhph^B*\phh5t1B*phhphB*aJphhphvB*aJphhph^B*aJphhphvB*phhOB*phhB*phhph^B*phhKh^5B*phhKh`o5B*ph/R8h8::::d>>>r?v???AAAANCPCCCCCjJJfKjK&R*RtRRRRRdThTUUVVpVrVVVXXXX[ƹ雓鱈hB*phhph5t1B*phhBBB*phhphBBB*phhphvB*phh5t1B*phhphv5B*phhph^5B*phhxdhxdB*phhxdh^B*phhph^B*phhOh^B*ph0 B.CCLDEF.G8HNIjJjKKLbMNP&RRdTVXY$dh`a$gd'e$
&F

ndh^`a$gd'e$
&F
dh^`a$gd'e[[^^_>_@_T_V_bbbccLcNcccddleneggjjkkbmdmmmzppp.q0q*tftttttJuҺvhxdhB*phhphdB*phh/h/B*phhB*phh5t1B*phhuB*phhphvB*phhphB*phhKh5B*phhKh5B*phhKhK5B*phhph^B*phh##B*ph+Y\^@_8cjzpux{|}`0FJn	$Ifgd$a$gdv$dh`a$gd'eJuhuuuuuuuvvvvwxxyyyzzzzzzzzzzzz{{{
{{{||||}}l}n}2~4~~~~~~~~~>@@BHJPλưhphvB*phhvB*phhph5t1B*phhphB*phh5t1B*phh/hB*phh/hR<B*phhB*phhxdhR<B*phhR<B*ph<PVXZ`,.0@BFHJ\^ $&^`dfjlԶ~ooooooohphvB*CJaJphhphrqB*CJaJphhphB*CJaJphhrqB*CJaJphhR5B*CJaJph hph5B*CJaJphhphv5B*phhph5B*phhphvB*phhphB*phhRB*ph+_VVV	$Ifgdkd$$IflFx$0$644
ladpyt# $_VMV	$Ifgdv	$IfgdkdP$$Ifl Fx$0$644
ladpyt#ڂ_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#Zd_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#dfj_VVV	$IfgdkdP	$$Ifl Fx$0$644
ladpyt#bl_VVV	$Ifgdkd
$$Ifl Fx$0$644
ladpyt#lnrt҄Ԅ؄ڄ.068npvxąjl$&(*68>@68<FTVZzfhְhphvB*phhvB*CJaJphhphdB*CJaJphhphB*phhphvB*CJaJphhphB*CJaJphElnrȄ҄_VVV	$Ifgdkd
$$Ifl Fx$0$644
ladpyt#҄Ԅ؄$._VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#.06dn_VVV	$IfgdkdP$$Ifl Fx$0$644
ladpyt#npv_VVV	$Ifgdkd
$$Ifl Fx$0$644
ladpyt#_VVV	$Ifgdkd
$$Ifl Fx$0$644
ladpyt#_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#_VVV	$IfgdkdP$$Ifl Fx$0$644
ladpyt#_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#bj_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#jlr.6_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#68>_VVV	$IfgdkdP$$IflFx$0$644
ladpyt#_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#.6_VVV	$Ifgdkd$$Ifl Fx$0$644
ladpyt#68<HT_VJV$$Ifa$gdv	$Ifgdkd$$Ifl Fx$0$644
ladpyt#TVZ|JA5A$$Ifa$gdv	$IfgdkdP$$Ifl Fx$	0$644
ladpyt#`zZJB333$dh`a$gd'e$a$gdkd:$$Ifl Fx$	0$644
ladpyt#hȍ "nr&(VXZ֑ؑޑȷseshR5B*CJaJph hph5B*CJaJphhu"hxhxB*phhRB*phhxB*\nHphtHhvB*\nHphtH hxhxB*\nHphtH hphB*\nHphtHh]3B*phhvB*phhphvB*phhphB*ph"Z"X0BDH&026FfP$$Ifa$gd#Ff?qq$If]q^qgde4\qq$If]q^qgd#	$Ifgd$a$gd$dh`a$gd'e
 x06BD028: "Θ™ęܚޚ028:<֢آ (*ƨhrqB*phhvB*phhphvB*phhphB*phhphB*CJaJphhphvB*CJaJphhph#B*CJaJphhph&B*CJaJphhphV&KB*CJaJphhvB*CJaJph26
".8:>ȕԕΖږFfq$Fff!Ff[$$Ifa$gd#	$Ifgd
 "&Иޘ™ęșFf-Ff*Ff|'$$Ifa$gd#	$IfgdƚҚܚޚƛԛȜ֜ΝFf6Ff3Ff0	$Ifgd$$Ifa$gd#Νڝʞ؞ڟ"Ff?Ff<$$Ifa$gd#Ff9	$Ifgd&028".8:<^~p$`a$gd$dh`a$gd'e
$dha$gd-5FfE$$Ifa$gd#FfB	$Ifgd*,.PThjlnģƣȣʣ,.02RVlp
*,0468:>@.Nh#hB*phhphrqB*phhuB*phhphvB*phhvB*phhphB*phhrqB*phhphvB*phDNܫܮޮ~βвlnpᩜ}l`QB`hphrqB*CJaJphhphB*CJaJphhrqB*CJaJph hphv5B*CJaJphhR5B*CJaJph hph5B*CJaJphhphv5B*phhph5B*phhxhxB*phhB*phhxB*phhRB*phhuB*phhphvB*phhphB*phh#B*phƺȺҺԺֺغܺ޺24¼ԼּȾ\^ûðְְwk\kThB*phhphrqB*CJaJphhrqB*CJaJphhR5B*CJaJph hph5B*CJaJphhphv5B*phhph5B*phhphvB*phhRB*phhuB*phh-5hxB*phhphB*phhphvB*CJaJphhphB*CJaJph δдԴT^~wkdG$$IflFhx$u$44
la_pyt#	$Ifgd^`d~~~	$IfgdwkdH$$Ifl,Fhx$u$44
la_pyt#:D~~~	$Ifgdwkd\I$$Ifl,Fhx$u$44
la_pyt#DFJt~~~~	$IfgdwkdJ$$Ifl,Fhx$u$44
la_pyt#~~r~$$Ifa$gdu	$IfgdwkdJ$$Ifl,Fhx$u$44
la_pyt#¼rfWWWWOF	$Ifgd$a$gdrq$dh`a$gd'e$`a$gd'ekdK$$Ifl,Fhx$u	$44
la_pyt#¼|~wkdL$$IflaF0$P`	$44
la_pyt#	$Ifgd~~~	$IfgdwkdBM$$Ifl,F0$P`	$44
la_pyt#R\~~~	$IfgdwkdN$$Ifl,F0$P`	$44
la_pyt#\^b~~~	$IfgdwkdN$$Ifl,F0$P`	$44
la_pyt#ƾ~r~$$Ifa$gdu	$IfgdwkdO$$Ifl,F0$P`	$44
la_pyt#ƾȾʾ*rm^^^^^V$a$gdrq$dh`a$gd'egdkdJP$$Ifl,F0$P`		$44
la_pyt#^bd.0:<bd
û˻ުxgV hphrqB*CJ\aJph hphB*CJ\aJphhrqB*CJ\aJph+hph5B*CJ\aJnHphtHhR5B*CJaJph hph5B*CJaJphhRB*phhuB*phhphvB*phhrqB*phhphB*phh-5hUB*phh-5hxB*ph
.NPTpxui$$Ifa$gdwkd6Q$$IflFh$u@$44
la_pyt#	$Ifgd#	$Ifgd02PTz~RVv
<>յյյյյգՕyqf[fSfHhUhUB*phhuB*phh#hUB*phh-5hUB*phhB*phhphB*ph hphB*\nHphtHhuB*\nHphtH#hph5B*CJ\aJph hphB*CJ\aJphhphvB*CJaJphhphB*CJaJphhrqB*CJaJphhphrqB*CJaJphxz~~~r$$Ifa$gd	$IfgdwkdQ$$Ifl,Fh$u@$44
la_pyt#~~r$$Ifa$gd	$IfgdwkdR$$Ifl,Fh$u@$44
la_pyt#~~r$$Ifa$gd	$IfgdwkdnS$$Ifl,Fh$u@$44
la_pyt#FP~~r$$Ifa$gd	$Ifgdwkd0T$$Ifl,Fh$u@$44
la_pyt#PRVx~rf$$Ifa$gd$$Ifa$gdrq	$IfgdwkdT$$Ifl,Fh$u@$44
la_pyt#>0rbRRRRRRR$dh1$`a$gd'e$dh1$`a$gd-5kdU$$Ifl,Fh$u@	$44
la_pyt#	8:nrtz~˱|n]L hphrqB*CJ\aJph hphB*CJ\aJphhrqB*CJ\aJph+hph5B*CJ\aJnHphtHhR5B*CJaJph hph5B*CJaJph#hph5B*\nHphtHhRB*phhphvB*phhphB*phh-5hUB*phhUhUB*phhuB*ph.	$Ifgdrq	$Ifgd
$1$`a$gdrq$dh`a$gd'e04$(,0VZ06.2LP|~յզզզՔՔՃthphB*\phtH hph5B*CJaJph#hph5B*CJ\aJphhphpB*CJaJphhphvB*CJaJph hphB*CJ\aJphhphB*CJaJphhrqB*CJaJphhphrqB*CJaJph+.04z_VVJ$$Ifa$gd	$IfgdkdV$$IflFx$0$644
la_pyt#"_VVJ$$Ifa$gd	$Ifgdkd`W$$Ifl,Fx$0$644
la_pyt#"$(_VMA$$Ifa$gd	$Ifgdv	$Ifgdkd X$$IflFx$0$644
la_pyt#_VVJ$$Ifa$gd	$IfgdkdX$$IflFx$0$644
la_pyt# *_VVJ$$Ifa$gd	$IfgdkdY$$IflFx$0$644
la_pyt#*,0_VVJ$$Ifa$gd	$Ifgdkd`Z$$IflFx$0$644
la_pyt#_VVJ$$Ifa$gd	$Ifgdkd [$$Ifl,Fx$0$644
la_pyt#JT_VMA$$Ifa$gd	$Ifgdp	$Ifgdkd[$$IflFx$0$644
la_pyt#TVZ_VVJ$$Ifa$gd	$Ifgdkd\$$IflFx$0$644
la_pyt#$._VVJ$$Ifa$gd	$Ifgdkd`]$$Ifl,Fx$0$644
la_pyt#.06_VVJ$$Ifa$gd	$Ifgdkd ^$$IflFx$0$644
la_pyt#$,_VVJ$$Ifa$gd	$Ifgdkd^$$IflFx$0$644
la_pyt#,.2>J_VJ>$$Ifa$gd$$Ifa$gdu	$Ifgdkd_$$Ifl,Fx$0$644
la_pyt#JLPrzJA5)$$Ifa$gd$$Ifa$gdu	$Ifgdkd``$$Ifl,Fx$	0$644
la_pyt#z|~db~JE6666$dh`a$gd'egdkdJa$$Ifl,Fx$	0$644
la_pyt#RV68X24`b|~z|׹ױש̩טy hph5B*CJaJphhR5B*CJaJph hphp5B*CJaJphhRB*phhlB*phhphdB*phhuB*phhphpB*phhphB*phhphB*\phtHhphpB*\phtH)*Nf	$Ifgdrq	$Ifgd
$1$`a$gdrq$dh`a$gd'e $(,jlNR"X^4:FʹʏʏʏʏʏʏʏʏʏʏʏʏʏʏhphpB*CJaJphhphB*CJaJphhrqB*CJaJphhphrqB*CJaJph hphrqB*CJ\aJph hphB*CJ\aJphhrqB*CJ\aJph+hph5B*CJ\aJnHphtH-`WWK$$Ifa$gd	$Ifgdkd4b$$IflFx$0$44
la_pyt# $`WNB$$Ifa$gd	$Ifgdp	$Ifgdkdb$$IflFx$0$44
la_pyt#`WWK$$Ifa$gd	$Ifgdkdc$$IflFx$0$44
la_pyt#`WWK$$Ifa$gd	$Ifgdkdkd$$IflFx$0$44
la_pyt#z`WWK$$Ifa$gd	$Ifgdkd(e$$Ifl,Fx$0$44
la_pyt#`WWK$$Ifa$gd	$Ifgdkde$$IflFx$0$44
la_pyt#BL`WWK$$Ifa$gd	$Ifgdkdf$$IflFx$0$44
la_pyt#LNR`WWK$$Ifa$gd	$Ifgdkd_g$$Ifl,Fx$0$44
la_pyt#"LV`WWK$$Ifa$gd	$Ifgdkdh$$IflFx$0$44
la_pyt#VX^`WWK$$Ifa$gd	$Ifgdkdh$$Ifl,Fx$0$44
la_pyt#(2`WWK$$Ifa$gd	$Ifgdkdi$$Ifl,Fx$0$44
la_pyt#24:`WWK$$Ifa$gd	$IfgdkdSj$$IflFx$0$44
la_pyt#`WK?$$Ifa$gd$$Ifa$gdu	$Ifgdkdk$$IflFx$0$44
la_pyt#<DKB6*$$Ifa$gd$$Ifa$gdu	$Ifgdkdk$$Ifl,Fx$	0$44
la_pyt#DFHZ"KC444$dh`a$gd'edhgd-5kdl$$Ifl,Fx$	0$44
la_pyt#FH46 ",.tv "68\^dhjlnvŽͲͲ莀j+hph5B*CJ\aJnHphtHhR5B*CJaJph hph5B*CJaJphhRB*phhph*}B*phh`h`B*phhB*phh`B*phh*}B*phhphpB*phhuB*phhphB*phhph5B*ph'vDh&4BP\h$$Ifa$gd	$IfgdFf<o$qq$If]q^qa$gd#$$Ifa$gd
$1$`a$gd]$dh`a$gd'ePThjdhz|f&(&$ ( Z!\!""##V#䲧yynyhY/h`B*phh`h`B*phh-5h`B*phh%B*phh*}B*phhWB*phhphpB*phhphB*phh#B*CJaJphhphpB*CJaJphh*}B*CJaJphhphB*CJaJphhrqB*CJaJph)hv	$	2	@	L	X	f	v	x	|						

$
&
Ffk|	$IfgdFfx	$Ifgd*}$$Ifa$gdFfs$$Ifa$gd&
*
LZhv|v


Ff1Ff΀$$Ifa$gd	$Ifgd$$Ifa$gd







0>LZfr"0Ff	$Ifgd$$Ifa$gdFf$$Ifa$gd0@BF
&2BDJFf Ff	$Ifgd$$Ifa$gdFfZ$$Ifa$gd*8FTdfh(( #&&((++-1$
dh`a$gd'e$dh`a$gd'edhgd-5Ff$$Ifa$gdV#X#`###$$$$$
%&&&&&&'B'<(((((((((*ӳ{pep]pRކhph
B*phh-hB*phhphdB*phhphG/B*phhph.B*phhphH5$B*phh*}h
B*phhphH5$5B*phh5B*phhph
5B*phh#hB*phh*}B*phhphB*phhphpB*phhphB*phhph*}B*ph*\***&+(+.+0+2+r++++++-////d3@@@CXCZCE"EEʽwla_lWLaLhXh,B*phhWB*phUh#h,B*phhphdB*phhph,B*KHphhph,B*phh5B*phhBB5B*phhph,5B*phhphp5B*phhphb5B*phhK5B*phhphLa5B*phhKB*phhphH5$B*phhphB*ph==>< A>7=0=88 8 >1@070 3>AC40@AB25==>9 2;0AB8 =0 D>=5 :>@@C?F8>==KE ?@>O2;5=89. >-2B>@KE, =5>1E>48<> :@8B8G5A:8 >BA;56820BL 8 D8:A8@>20BL @50:F8N 8 ?@>O2;5=85 8=B5@5A0 : :>@@C?F8>==K< O2;5=8O< 8 ?C1;8:0F8O< A> AB>@>=K >@30=>2 3>AC40@AB25==>9 2;0AB8. @8G5< ?>A;54=55 ?@54AB02;O5BAO 1>;55 7=0G8<K<, 81> 4>;6=> O2;OBLAO >A=>2>9 4;O D>@<8@>20=8O >4=>3> 87 M;5<5=B>2 (8=D>@<0F8>==>3>) 3@0<>B=>9 0=B8:>@@C?F8>==>9 ?>;8B8:8 2 AB@0=5.
BACBAB285 @50:F88 >@30=>2 3>AC40@AB25==>9 2;0AB8, 70=8<0NI8EAO D>@<8@>20=85< 0=B8:>@@C?F8>==>9 ?>;8B8:8 2 AB@0=5, =0 <0B5@80;K, ?C1;8:0F88 8 2KA:07K20=8O 2 ! ?> B5<5 :>@@C?F88, =>AOI85 =5:>=AB@C:B82=K9, 0 5I5 1>;55 @8A:>35==>, 8 =54>AB>25@=K9 8;8 70254><> ;>6=K9 E0@0:B5@, 2545B : 45AB@C:B82=K< ?@>O2;5=8O< 2 AD5@5 1>@L1K 8 ?@>B82>459AB28O :>@@C?F88, @0AA>3;0A>20=8N 45OB5;L=>AB8 A?5F80;878@>20==KE >@30=>2, =5?>=8<0=8N 8 >AC645=8N MB>9 45OB5;L=>AB8 A> AB>@>=K >1I5AB25==>AB8.  >1I5AB25==K9 @57>=0=A, 2 A2>N >G5@54L, O2;O5BAO 459AB25==K< <5E0=87<><, A?>A>1=K< 45AB018;878@>20BL (8;8 27>@20BL =0 >?@545;5==>< MB0?5) >1AB0=>2:C 2 @538>=5 8 2 AB@0=5 2 F5;><.
1J5:B>< 8AA;54>20=8O 2KABC?8;8 5 A>F80;L=KE A5B59 8 32 ! D545@0;L=>3> 8 <C=8F8?0;L=KE C@>2=59. @54<5B 8AA;54>20=8O   A>45@60=85 ! 8 >1AC645=89 2 A>F80;L=KE A5BOE, :0A0NI55AO 2>?@>A>2 :>@@C?F88 8 0=B8:>@@C?F8>==>9 45OB5;L=>AB8. 040G59 8AA;54>20=8O AB028;AO 0=0;87 A>45@60=8O ! ?> 2>?@>A0< :>@@C?F88, 0=B8:>@@C?F8>==>3> ?>2545=8O 8 MDD5:B82=>AB8 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 2  ".
;C18==>5 (:0G5AB25==>5) 8AA;54>20=85 2:;NG8;>:
1. >;8G5AB25==K9 0=0;87 703>;>2:>2 AB0B59.
2. =0;87 A>45@60=8O :>=B5=B0: > G5< ?8HCB, :0:>9 >1@07 2;0AB8, :0:85 ! =0 GB> >@85=B8@CNBAO, GB> 2>>1I5 =5 >A25I05BAO 8;8 <0;>, :0:>5 >B=>H5=85 =0A5;5=8O : :>@@C?F88, C@>25=L 4>25@8O : 2;0AB8 ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88 8 B.4. @8 MB>< 0=0;878@CNBAO :0: ?>;>68B5;L=K5, B0: 8 >B@8F0B5;L=K5 AB>@>=K 2 >A25I5=88 ! 2>?@>A>2 :>@@C?F88 8 ?@>B82>459AB28O 59.
3. >;8G5AB25==>5 C?><8=0=85 AC645=89 > :>@@C?F88.
4. >;8G5AB25==K5 8 :0G5AB25==K5 8AA;54>20=8O 2>?@>A>2 :>@@C?F88 2 A>F80;L=KE A5BOE. 
48=8F0<8 0=0;870 2 ?@>F5AA5 8AA;54>20=8O :>=B5=B0 2 A>F80;L=KE A5BOE AB0;8:
>;8G5AB2> A>>1I5AB2 ?> B5<5 :>@@C?F88/:>;8G5AB2> A>>1I5AB2 2 A>F80;L=>9 A5B8.
>;8G5AB2> web-AB@0=8F ?> B5<5 :>@@C?F88.
>;8G5AB2> ?>4?8AG8:>2 2 A>>1I5AB25 ?> :>@@C?F88.
>;8G5AB2> 70?8A59 ?> B5<5 :>@@C?F88.
>;8G5AB2> ?C1;8:0F89 ?> B5<0B8G5A:>9 =0?@02;5==>AB8.
%0@0:B5@ ?C1;8:0F89.
 40==>< >BG5B5 ?@54AB02;5=K @57C;LB0BK ?> A>AB>O=8N =0 10.03.2015.
=0;87 A5B52KE A>F80;L=KE @5AC@A>2

 G8A;> 8AA;54C5<KE A>F80;L=KE A5B59 2>H;8: :>=B0:B5, Facebook, Twitter, Live Journal, 4=>:;0AA=8:8. K1>@ ?@54AB02;5==KE A5B52KE @5AC@A>2 >1CA;>2;5= @07=>E0@0:B5@=>ABLN :>=B8=35=B0 8E CG0AB=8:>2 :0: ?> 45<>3@0D8G5A:8<, B0: 8 ?> A>F80;L=>-?>;8B8G5A:8< :@8B5@8O<.
 A>F80;L=>9 A5B8 :>=B0:B5 2  $ 70@538AB@8@>20=> 150 A>>1I5AB2 A =0720=85<, 2 :>B>@>< D83C@8@C5B A;>2> 27OB:0, 500   A> A;>2>< :>@@C?F8O, 48   A> A;>2>< ?>1>@K 8 52   1>@L10 A :>@@C?F859.
!0<>5 :@C?=>5 A>>1I5AB20  >A8;   2>9=0 :>@@C?F88   ;5:A59 020;L=K9 8<55B 258 710 CG0AB=8:>2, GB> A>AB02;O5B 74,45% ?>4?8AG8:>2 2> 2A5E A>>1I5AB20E ?> :>@@C?F88. #G0AB=8:8 4>AB0B>G=> >B:@KB> >1AC640NB >1@07 2;0AB8, 8 AC645=8O G0I5 =>AOB =530B82=K9 E0@0:B5@.
!;54C5B >B<5B8BL, GB> >1I55 :>;8G5AB2> A>>1I5AB2 ?> :>@@C?F88 A G8A;>< CG0AB=8:>2 1>;55 1000 G5;>25: A>AB02;O5B 21, GB> A>AB02;O5B 1,84% >B 2A5E A>>1I5AB2 ?> :>@@C?F88 2 A>F80;L=KE A5BOE :>=B0:B5.
5 ?@54AB02;5=K A>>1I5AB20, :>B>@K5 F5;5=0?@02;5==> >A25I0;8 1K 2>?@>AK MDD5:B82=>AB8 1>@L1K A :>@@C?F859 8;8 2>?@>AK ?> ?@>B82>459AB28N 59, 2>?@>AK 0=B8:>@@C?F8>==>9 45OB5;L=>AB8.
A25I5=85 =>2>AB59 ?> :>@@C?F88 8 >1AC645=85 2>?@>A>2 ?> :>@@C?F88 2  5A?C1;8:5 "0B0@AB0= ?@54AB02;5=> 1813 70?8AO<8 (0,42%).
A25I5=85 2>?@>A>2 ?> :>@@C?F88 (?>8A:>2K9 70?@>A :>@@C?F8O) 2  5A?C1;8:5 "0B0@AB0= ?@54AB02;5=> >G5=L A;01>, 70@538AB@8@>20=> 2A53> 3 A>>1I5AB20 A >1I8< G8A;>< CG0AB=8:>2 459 G5;>25: (545 70?8A59, 8<5NI8E 2 >A=>2=>< D0:B>;>38G5A:89 E0@0:B5@ AC645=8O > :>@@C?F88).
B45;L=> 2K45;5=K A>>1I5AB20, >1AC640NI85 2>?@>AK ?>1>@>2 2 H:>;0E 8 45BA:8E A040E. !0<>5 :@C?=>5 A>>1I5AB2> >1>@K 2 H:>;0E 8 45BA040E, !" ( ?@54AB02;5=> 2  5A?C1;8:5 "0B0@AB0= :0: >@OG0O ;8=8O ?> ?>1>@0<  " A >1I8< G8A;>< CG0AB=8:>2 8239 G5;>25:, GB> A>AB02;O5B 78,6% 2A5E CG0AB=8:>2, >1AC640NI8E 2>?@>AK ?>1>@>2 2 H:>;0E 8 45BA:8E A040E. A25I5=85 2>?@>A>2 ?@>E>48B 2 8=B5@0:B82=>< @568<5. 0==K9 @5AC@A O2;O5BAO =5 B>;L:> 8=D>@<0F8>==K<, => 8 A>45@68B M;5<5=BK >1@0B=>9 A2O78 A =0A5;5=85<. !>>1I5AB2> ?>;L7C5BAO ?>?C;O@=>ABLN A@548 68B5;59 @07=KE 3>@>4>2  5A?C1;8:8 "0B0@AB0=.
>=B5=B A>F80;L=>9 A5B8 :>=B0:B5 ?> 2>?@>A0< :>@@C?F88 2 >A=>2=>< ?@54AB02;5= ?C1;8:0F8O<8 2 D>@<5 :>=AB0B0F88 D0:B>2. >AB0B>G=> G0AB> 2AB@5G05BAO :>=B5=B, :>B>@K9 >B@8F0B5;L=> 2;8O5B =0 8<846 =5 B>;L:> @>AA89A:8E, => 8 @5A?C1;8:0=A:8E 2;0AB59. 
 A>F80;L=>9 A5B8 $59A1C: :>;8G5AB2> A>>1I5AB2 ?> :>@@C?F88 7=0G8B5;L=> <5=LH5, G5< 2 A>F80;L=>9 A5B8 :>=B0:B5: 83 ?@>B82 1139.
A25I5=85 2>?@>A>2 :>@@C?F88 2 >A=>2=>< =>A8B >1I89 E0@0:B5@ 8 70B@038205B 2A5 AD5@K 687=8 >1I5AB20. C1;8:0F88 > :>@@C?F88 G8=>2=8:>2 ?@54AB02;5=K >G5=L A;01>. '0AB> 2K:;04K20NBAO <0B5@80;K 4@C38E 8=B5@=5B-@5AC@A>2, =0?@8<5@,  HYPERLINK "http://yandex.ru/clck/jsredir?from=yandex.ru%3Byandsearch%3Bweb%3B%3B&text=&etext=641.RQmustjPZR9EBBvTIX62mPcJle5u6I26VG6YGpwiWus.96350cc625ce19b8152e9bfbff3d68d100dedfa9&uuid=&state=AiuY0DBWFJ4ePaEse6rgeKdnI0e4oXuRYo0IEhrXr7w0L24O5Xv8RnUVwmxyeTliQI-KbE6oCBXXV51kSa2gq0HSA1TiqOpjujgv308I641jSoJ0US-RiBLCpLwcK2fxOFaKV8jTx1zZSH9Ab-PE1dCOZgUSIYR7tAebi56GobYvjkKXnlitNuspJJILOryyU8d9ucXOSSf3mG8SYoYzFrlYCZbjex38Pc1fCh_pY05LkB-HP2yyNZvsUmhs2seS-629LNvkWhGwByteXkADjChwsQP4ZiR6icB56TGWvpAR6VljilW1tbqSgzV50fm-K0W--qNCmyDtbF-OlN7uWxiOmBDrALBiScruSr1bJjHR3zw_CYqmlID3ZPth5GALDyu6pmFJnVMWcGnJtugoRlVD29PfV-cKTZynKgCLslT2gqYVDk0fHFeVjaR8Kj2rAInXl_nFS6J9watB0fUPxyUPMn8RXeABUBSKJh22PJNmMwhckKwNlOkfdl9h6APsM9qm0NAg_hhyFco4NZIBnLM3tsXhQKL2mupielcrQdze647Cn_4RLU-IQ5dS2dWHQ6vjsSoCnKGGSkNHzL7td2O4cPmJCWm_d4-tJp3idAIoO2mgmlmvHw&data=UlNrNmk5WktYejR0eWJFYk1LdmtxbW9iajlOZE9UY2haM2otSU9tVGZnWnByWWMyUG5ieW5XRjd6R0lna3R6RmdGQmstSldRN3dkYzA3UU5kVm1RTk9kdC1RT1Z3bmZrNkE0VVh0Qldudzg&b64e=2&sign=2f95041c5e7708542d4bacefc4d7346f&keyno=0&ref=cM777e4sMOAycdZhdUbYHtkusEOiLu3mrcs1BCKzuV30ChKKc9XgRPyB-kdlV1BZlIqBzZNdSnjs-64PDlaaoG_wEOPxnfs624zkeb78LOWt8kBV-xx5Ca8RuqnFPTC9AFE6AQyIlYm194ZP3MUfprijH2fQdmadSWoNdJpUf58INsY7fhPJAgvepHTdpsyjuJF1D2T7B2Y1Jx1-aQLAmSpL_b0-UzrY&l10n=ru&cts=1427568222603&mc=2" \t "_blank" youtube.com. 0B5@80;K > :>@@C?F88 2  5A?C1;8:5 "0B0@AB0= ?@54AB02;5=K 548=8G=> ?> D0:B0< ?>1>@>2 2 45BA:8E A040E 8 H:>;0E.
 A>F80;L=>9 A5B8 4=>:;0AA=8:8 =54>AB0B>G=> >A25I0NBAO 2>?@>AK :>@@C?F88, ?>A:>;L:C 40==0O A5BL 8<55B 4@C3>5 ?@54=07=0G5=85 8 A?5F8D8G=CN F5;52CN 0C48B>@8N. 4=0:> :>;8G5AB2> 2A5E CG0AB=8:>2 A>>1I5AB2 ?> B5<5 >@@C?F8O A>AB02;O5B 629472 G5;>25:. !>>1I5AB20 8<5NB 468865 ?>4?8AG8:>2.  
>AB>8=AB2>< A>F80;L=>9 A5B8 4=>:;0AA=8:8 O2;O5BAO 70@538AB@8@>20==K9 >?KB 3@C??K =B8:>@@C?F8>==>5 !, :>B>@0O >A25I05B 2>?@>AK MDD5:B82=>AB8 1>@L1K A :>@@C?F859 8;8 2>?@>AK 0=B8:>@@C?F8>==>9 45OB5;L=>AB8, ?@54AB02;O5B ?>78B82=K9 >1@07 2;0AB8.
Twitter ?@54AB02;O5B A>1>9 =>2>AB=CN A>F80;L=CN A5BL, 2 :>B>@>9 ?@54AB02;5=K =>2>AB8 @07;8G=KE 254><AB2, 8=B5@=5B-@5AC@A>2, @5?>ABK A 4@C38E A09B>2. @>A;568205BAO >@85=B0F8O ?C1;8:0F89 ?@> :>@@C?F8N 2 @07;8G=KE AD5@0E 45OB5;L=>AB8. =0G8B5;L=0O 4>;O :>=B5=B0 A>45@68B >A25I5=85 2>?@>A>2 :>@@C?F88 A D>@<8@>20=85< =530B82=>3> >1@070 459AB2CNI8E 2;0AB59.
7 745 =>2>AB59 ?@> :>@@C?F8N 2 A>F80;L=>9 A5B8 Twitter 30A>>1I5=89 (4,03%) :0A0NBAO  5A?C1;8:8 "0B0@AB0=. =0;87 A>45@60=8O =>2>AB59 2 Twitter ?>:07K205B, GB> 95,7% =>2>AB59, A2O70==KE A ?>1>@0<8 2  5A?C1;8:5 "0B0@AB0=, :0A0NBAO H:>; 8 45BA:8E A04>2.
50:BC0;L=>ABLN A5B52KE A>>1I5AB2 ?> ?@>1;5<0< :>@@C?F88 ?>:070; A51O Live Journal. @>1;5<0B8:0 >A25I05BAO 2 =5<, 2 >A=>2=><, 2 D>@<0B5 >=-;09= =>2>AB59, @565 >1AC645=89. 
"0:8< >1@07><, A0<CN 1>;LHCN G0ABL 0C48B>@88 8<5NB @5AC@AK A>F80;L=>9 :><<C=8:0F88 Live Journal 8 Twitter, >4=0:> 1>;55 A>45@60B5;L=K 2 ?;0=5 :><<C=8:0F88 ?> 2>?@>A0< :>@@C?F88 A>F80;L=K5 @5AC@AK :>=B0:B5 8 4=>:;0AA=8:8. > A>2>:C?=>AB8 >1AC645=89 4><8=8@CNI55 ?>;>65=85 2 @59B8=35 =081>;55 :>@@C<?8@>20==KE >B@0A;59 >1I5AB25==>9 687=545OB5;L=>AB8, ?> <=5=8N ?>;L7>20B5;59 A>FA5B59, O2;O5BAO AD5@0 >1@07>20=8O (1>;55 4>H:>;L=0O 8 H:>;L=0O). 7 MB>3> B@5=40 =5 2K18205BAO  5A?C1;8:0 "0B0@AB0=: A0<K5 >1AC6405<K5 B5<K   ?>1>@K 2 H:>;0E 8 45BA:8E A040E, >4=0:> A>45@60=85 :>=B5=B0 B@51C5B 40;L=59H53> 45B0;L=>3> 87CG5=8O, ?>A:>;L:C =01;N405BAO @0AA>3;0A>20==>ABL 2 ?>=8<0=88 >B45;L=KE <5@>?@8OB89 2 45OB5;L=>AB8 CG51=KE 702545=89 @>48B5;O<8 CG0I8EAO, A>B@C4=8:0<8 CG51=KE 702545=89 8 ?@54AB028B5;O<8 >@30=>2 3>AC40@AB25==>9 2;0AB8. A>1> <>6=> 2K45;8BL A;01>ABL =0?>;=5=8O :>=B5=B>< @5AC@A>2 >@30=>2 3>AC40@AB25==>3> C?@02;5=8O @5A?C1;8:8, GL59 >A=>2=>9 7040G59 O2;O5BAO =5 B>;L:> A>1AB25==> ?@>2545=85 <5@>?@8OB89 ?> ?@5A5G5=8N :>@@C?F8>==KE ?@>O2;5=89, => 8 A8AB5<0B8G5A:0O @01>B0 A =0A5;5=85< 2 ?;0=5 ?@>D8;0:B8:8, 0 >A>15==> ?@>A25I5=8O 2 2>?@>A0E ?@>B82>459AB28O :>@@C?F88, A>B@C4=8G5AB20 A >@30=0<8 2;0AB8 ?> 40==><C 2>?@>AC =5 ?>ABD0:BC<, 0 =0 AB0488 ?5@28G=KE ?@>O2;5=89 :>@@C<?8@>20==>AB8 2 >B45;L=KE >B@0A;OE >1I5AB25==>9 687=545OB5;L=>AB8.
 57C;LB0BK 0=0;870 48A:C@A0 > :>@@C?F88 2 A@54AB20E <0AA>2>9 8=D>@<0F88 

 2K1>@:C >1J5:B>2 8AA;54>20=8O 2>H;8 18 A@54AB2 <0AA>2>9 8=D>@<0F88 D545@0;L=>3> 7=0G5=8O 8 13 A@54AB2 <0AA>2>9 8=D>@<0F88 @538>=0;L=>3> 8 <C=8F8?0;L=>3> C@>2=59   ?5G0B=K5 8 M;5:B@>==K5 8=D>@<0F8>==K5 8740=8O.
 ?@>F5AA5 8AA;54>20=8O @0AA<>B@5=K 2A5 <0B5@80;K, 70B@03820NI85 B5<C :>@@C?F88 2 F5;><, <5B>4>< A?;>H=>3> >1A;54>20=8O, :>=:@5B=K5 D0:BK <74>8<AB20, >128=5=8O 2 :>@@C?F88, >72CG5==K5 @07;8G=K<8 AC1J5:B0<8, D0:BK =5F5;52>3> @0AE>4>20=8O 3>AC40@AB25==KE A@54AB2, 0 B0:65 0=B8:>@@C?F8>==K5 ?@>3@0<<K.
0 548=8FC 0=0;870 AG5B0 2 ! 1K;8 ?@8=OBK A;54CNI85 ?>=OB89=K5 :0B53>@88: :>@@C?F8O, :>@@C?F8>==>5 ?>2545=85, 0=B8:>@@C?F8>==0O ?>;8B8:0, 27OB:0, 0=B8:>@@C?F8>==0O 45OB5;L=>ABL, 27OB:>40B5;L, 27OB>G=8:, 27OB>G=8G5AB2>, 1>@L10 A :>@@C?F859, ?@>D8;0:B8:0 :>@@C?F88, :>@@C?F8>==>ABL, :>@@C<?8@>20==>ABL, 7;>C?>B@51;5=85 A;C651=K< ?>;>65=85<, ?@028B5;LAB2>  5A?C1;8:8 "0B0@AB0=, =0:070=85 70 27OB:C.
! D545@0;L=>3> C@>2=O ?@0:B8G5A:8 >48=0:>2> >A25I0NB 2>?@>AK :>@@C?F88 2  >AA88 8 <8@5. =0;87 A>45@60=8O B5:AB>2 2 @5A?C1;8:0=A:8E 8=D>@<0F8>==KE 8740=8OE ?>:07K205B, GB> 2 ?@5AA5 ?@0:B8G5A:8 =5 >A25I0NBAO D0:BK =0:070=8O 70 :>@@C?F8N. =>385 0A?5:BK 1>@L1K A :>@@C?F859 8 ?@>B82>459AB285 59 2>>1I5 =5 @0AA<0B@820NBAO. BACBAB2CNB ?C1;8:0F88, :>B>@K5 1K @0A:@K20;8 <5E0=87<K :>@@C?F8>==KE 459AB289. G5=L <0;> <0B5@80;>2, :>B>@K5 1K D>@<8@>20;8 ?>;>68B5;L=K9 >1@07 2;0AB59 2 1>@L15 A :>@@C?F859.
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http://www.e-vid.ru/index-m-192-p-63-article-40025.htm" !25655 ?@540=85: 2 @K<C =5 C:@04CB =8 @C1;O, <0B5@80; 3@K 848>B>2 8 6C;8:>2 (?@> 83>@=K9 187=5A)   ?>;8F59A:85 ?5@8>48G5A:8, 2 7028A8<>AB8 >B 65;0=89, 2K720==KE B5<8 8;8 8=K<8 ?@8G8=0<8, =0:@K20NB 83>@=K5 A0;>=K, 87K<0NB 83@>2K5 02B><0BK, CAB@>8B5;8 070@B=KE 83@ HB@0DCNBAO =0 A>;84=K5 AC<<K 8&  =0702B@0 A0;>=K 8 02B><0BK >:07K20NBAO =0 B>< 65 <5AB5 8;8 ?>-A>A54AB2C, 45=56=K5 ?>B>:8 84CB :C40 C3>4=>, => B>;L:> =5 2 <5AB=K5 8 D545@0;L=K9 1N465BK; A:07:0 ?@> 15;>3> 1KG:0 =5A:>=G05<0, :0: 8725AB=> 8 4@.
"5<0 :>@@C?F88 2 A@54AB20E <0AA>2>9 8=D>@<0F88  5A?C1;8:8 "0B0@AB0= >A25I05BAO @53C;O@=> 8 4>AB0B>G=> H8@>:>. 
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
<5==> MB8 D0:BK >B<5G0NB 2 3@C??>2>< 8=B5@2LN (D>:CA-3@C??5) ?@54AB028B5;8 A8;>2KE >@30=>2  5A?C1;8:8 "0B0@AB0=: K 7=05B5, :>=AB@C:B820 2 ?>A;54=55 2@5<O >B ?@5AAK O =5 286C. >;LH8=AB2> A:0=40;>2   MB> ?@>AB> @074C20=85. 1KG=>5 ", AB>;:=C;8AL 2 G5;>25:0, 65@B2 =5B, @074C205BAO 2 ?@5AA5 068>B06, 87-70 G53>? !B>;:=C;8AL 42>5 AC459, >48= 2 >4=>< AC45, 4@C3>9 2 4@C3>< AC45, =04> :0:-B> =0 MB> @5038@>20BL, @074C20BL :0:85-B> 25I8, ?CABL @0718@0NBAO, :0:>9 AC4LO ?>1548B.  2A5, GB> >A25I05BAO, >A25I05BAO =5>1J5:B82=> 8 70G0ABCN A>25@H5==> ?@>B82>=0?@02;5==>, B0< 2K;8205BAO 2AO =5=028ABL, :>B>@0O =0:>?8;0AL 2 B>9 8;8 8=>9 AB@C:BC@5. >@<0;L=KE @0AA;54>20=89 O =5 286C. >340 C65 60@5=K< 70?0E;>, BCB 2A5 =0G8=0NB, 0 ?>-=0AB>OI5<C 6C@=0;8ABA:8E @0AA;54>20=89 2 ?>A;54=55 2@5<O 2 ?@5AA5 O =5 70<5G0N, GB>1K A<>3;8 A@5038@>20BL A;54AB25==K9 :><8B5B, D545@0;L=0O A;C610 157>?0A=>AB8 8 B.4., =5 286C.
 ! @5A?C1;8:0=A:>3> C@>2=O ?@0:B8G5A:8 =5 ?@54AB02;5=0 :@8B8:0 @5A?C1;8:0=A:8E 2;0AB59.  8B>35 2 D545@0;L=KE ! 4>;O >A25I5=8O :>=:@5B=KE D0:B>2 :>@@C?F88 A>AB02;O5B 10%, 2 @5A?C1;8:0=A:8E   ?>GB8 2 2 @070 <5=LH5   5,4%. C1;8:0F88 2 A@54AB20E <0AA>2>9 8=D>@<0F88 ?@54AB02;ONB >1I5AB25==>AB8 2 1>;LH59 AB5?5=8 E@>=8:C A>1KB89, 2 <5=LH59 AB5?5=8 0=0;8B8:C B>9 @50;L=>AB8, :>B>@0O O2;O5BAO =5?>A@54AB25==>9 A@54>9 :>@@C?F88, <=>3>>1@0785 ?@>O2;5=89 MB>3> A>F80;L=>3> D5=><5=0.  =5:>B>@KE <0B5@80;0E :>=AB0B8@C5BAO, GB> :>@@C?F8O =5?>1548<0, 157=0:070==0. 48=8G=K9 :>=B5=B ?@54AB02;5= ?>;>68B5;L=K<8 AC645=8O<8 > :>@@C?F88. "0:, =0 ?>8A:>2K5 70?@>AK =0:070= G8=>2=8:, >AC645= G8=>2=8: =8G53> =5 =0945=>, ?>8A:>2K9 70?@>A 27OB:0 2K40; 8=D>@<0F8N > 23 ?C1;8:0F8OE, ?>8A:>2K9 70?@>A >@L10 A :>@@C?F859   2KO2;5=> 2A53> 7 ?C1;8:0F89. 48=8G=> ?@8ACBAB2CNB <0B5@80;K, :>B>@K5 >?8AK20NB A;CG08 >B:070 G8=>2=8:>2 >B 27OB>:. 5:>B>@K5 ! A>45@60B ?C1;8:0F88, 0:F5=B8@CNI85 2=8<0=85 =0 B><, GB> 1>@L10 ?G5; ?@>B82 <540 15AA<KA;5==0.  54:> 0=0;878@C5BAO 70@C156=K9 >?KB. > ?@8 MB>< G0ABL :>=B5=B0 ?@> :>@@C?F8N A>7405B 2848<>ABL 8<8B0F88 @50;L=>9 1>@L1K 8 A>45@68B <0B5@80;, ?>4B25@640NI89 157=0:070==>ABL :>@@C?F8>=5@>2.
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
> @57C;LB0B0< 8AA;54>20=8O :>=B5=B0 D545@0;L=KE ! <>6=> A:070BL, GB>, ?> A@02=5=8N A> ! @538>=0;L=>3> 8 <C=8F8?0;L=>3> C@>2=59, D545@0;L=K5 A@54AB20 <0AA>2>9 8=D>@<0F88 1>;55 ?@54<5B=> @0AA<0B@820NB 2>?@>AK ?> 1>@L15 A :>@@C?F859 8;8 ?@>B82>459AB28N 59 (?@8ACBAB2CNB <0B5@80;K @0AA;54>20=8O, >A25I0NBAO ?@8=OBK5 @5H5=8O ?> B5< 8;8 8=K< :>@@C?F8>==K< 45;0<).
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
=B5@5A=0 @50:F8O =0 2>?@>A >1 045:20B=>AB8 8 >B:@KB>AB8 ! A> AB>@>=K ?@54AB028B5;59 A8;>2KE AB@C:BC@ @5A?C1;8:8: / A>3;0A5= A B5<, GB> 8=D>@<0F8O 4>;6=0 1KBL 4>78@>20=0 8 2K25@5=0. 5;L7O ?8A0BL >1> 2A5< 60@5=K5 D0:BK. >@@C?F8O 2 , :>@@C?F8O =0 3>AA;C615, :>@@C?F8O 2 ?@>:C@0BC@5, A>B@C4=8:0 $! ?>9<0;8, :>B>@K9 C189AB2> A>25@H8;, 7=0G8B, 2A5 $! 4>;6=> >B25G0BL 70 MB>3> A>B@C4=8:0. K20NB 87JO=K 2 MB>9 A8AB5<5, :0: 8 25745, 2 >1I5<-B>. N10O 70:@KB0O A8AB5<0 O2;O5BAO G0ABLN >B@065=8O >1I5AB20. > ?>4<K20O 8 @07<K20O >A=>2>?>;030NI85 8=AB8BCBK 3>AC40@AB25==>AB8 ;N1>9 AB@0=K, <K 845< =0 :@0E A0<>3> 3>AC40@AB20. >MB><C 8=D>@<0F8O 4>;6=0 1KBL, O ?>;030N, 4>78@>20==>9. 8:B> =5 ?>72>;8B 2 AB@0=0E 254CI59 45<>:@0B88, 1C45< 3>2>@8BL, B0: >3C;L=> >B=>A8BLAO : 2;0AB8. 4=0:> 70:@KB>ABL 8=D>@<0F88 > A8;>28:0E 2 ! C65 A59G0A =5 ?@8102;O5B ?>78B82=KE G5@B : 8E 8<846C 2 3;070E >1I5AB20.
G5=L <0;> <0B5@80;>2, :>B>@K5 1K D>@<8@>20;8 ?>;>68B5;L=K9 >1@07 2;0AB59 2 1>@L15 A :>@@C?F859. 4=>2@5<5==> 2 ! @5A?C1;8:0=A:>3> C@>2=O ?@0:B8G5A:8 =5 ?@54AB02;5=0 8 :@8B8:0 @5A?C1;8:0=A:8E 2;0AB59 2 ?;0=5 45OB5;L=>AB8 8E 2 MB>< =0?@02;5=88. "0:>9 8=D>@<0F8>==K9 20:CC< 2 D>@<8@>20=88 8<8460 >@30=>2 ?@>B82>459AB28O :>@@C?F88 2 @5A?C1;8:5 <>65B A>74020BL C3@>7C 2>A?@8OB8O 8E 45OB5;L=>AB8 A> AB>@>=K >1I5AB20 B>;L:> 2 =530B82=>< :;NG5. -B> ?>4B25@6405BAO 8AA;54>20=85<: =5:>B>@K5 ?C1;8:0F88 =03;O4=> 45<>=AB@8@CNB, GB> >1I5AB2> =5 25@8B 2 1>@L1C A :>@@C?F859 8 AG8B05B, GB> =8:0:8E 87<5=5=89 =5 ?@>87>945B. 
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
#AC3C1;O5BAO ?@>1;5<0 =57=0G8B5;L=>ABLN 4>;8 ?C1;8:0F89, D>@<8@CNI8E =59B@0;L=>5 >B=>H5=85 : :>@@C?F88, 0 8=>340 8 ?@840NI8E 59 ?>;>68B5;L=K9 >1@07.  1>;LH8=AB25 ! >BACBAB2C5B ?@>?030=40 =5>B2@0B8<>AB8 =0:070=8O 70 A>25@H5==K5 ?@02>=0@CH5=8O. A5 MB> C3@>60NI5 2K3;O48B =0 D>=5 10%-9 4>;8 >A25I5=8O :>=:@5B=KE D0:B>2 :>@@C?F88 2 D545@0;L=KE ! ?@>B82 5,4% 2 @5A?C1;8:0=A:8E !. 

!>?>AB028B5;L=K9 0=0;87 :>=B5=B0 A>F80;L=KE A5B52KE @5AC@A>2 8 8=D>@<0F8>==KE 8740=89  5A?C1;8:8 "0B0@AB0=

=5 7028A8<>AB8 A>F80;L=KE A5B59 >B 8E ?@54=07=0G5=8O, :0640O A>45@68B :>=B5=B, 70B@03820NI89 2>?@>AK :>@@C?F88.  A@54AB20E <0AA>2>9 8=D>@<0F88 B0:65 >B<5G5=0 @53C;O@=>ABL >A25I5=8O 2>?@>A>2 :>@@C?F88, @57C;LB0B>2 >?@>A>2 =0A5;5=8O.
01;N405BAO ?>;>68B5;L=0O 48=0<8:0 @>AB0 :>;8G5AB20 A>>1I5AB2 ?> :>@@C?F88 2 A>F80;L=KE A5BOE, GB> A2845B5;LAB2C5B > 7;>1>4=52=>AB8 ?@>1;5<K 2 @5A?C1;8:0=A:>< >1I5AB25. 4=0:> =K=5H=OO A8BC0F8O ?> =0?>;=5==>AB8 8=D>@<?@>AB@0=AB20 ?> @57C;LB0B0< 8AA;54>20=8O 2A5 5I5 >AB02;O5B 65;0BL ;CGH53> =0 D>=5 A8BC0F88 2 F5;>< ?>  $, ?>A:>;L:C 2 D545@0;L=KE ! 4>;O ?C1;8:0F89, A2O70==KE A 2>?@>A0<8 1>@L1K A :>@@C?F859, 2 2,5 @070 1>;LH5, G5< 2 @5A?C1;8:0=A:8E.
5A<>B@O =0 H8@>:CN AB5?5=L >E20B0 A5B52K<8 A>>1I5AB20<8 =0A5;5=8O :>@@C?F8>==>9 ?@>1;5<0B8:>9, 2 =8E =5 ?@54AB02;5=K A>>1I5AB20, :>B>@K5 F5;5=0?@02;5==> >A25I0;8 1K 2>?@>AK MDD5:B82=>AB8 1>@L1K A :>@@C?F859 8;8 2>?@>AK ?> ?@>B82>459AB28N 59, 2>?@>AK 0=B8:>@@C?F8>==>9 45OB5;L=>AB8. >=B5=B A>F80;L=KE A5B52KE @5AC@A>2 ?> 2>?@>A0< :>@@C?F88 2 >A=>2=>< A>45@68B 8=D>@<0F8>==K9 E0@0:B5@ 8 ?@54AB02;5= ?C1;8:0F8O<8 2 D>@<5 :>=AB0B0F88 D0:B>2, GB> :>@@5;8@C5BAO 2 A>45@60B5;L=>< ?;0=5 A 8=D>@<0F8>==K<8 @5AC@A0<8: 2 F5;>< >E20G5==K5 <>=8B>@8=3>< ?5G0B=K5 ! ?C1;8:>20;8 A>>1I5=8O, ?>AB@>5==K5 =0 8=D>@<0F88, ?>;CG5==>9 ;81> 87 >D8F80;L=KE 8AB>G=8:>2 =0 ?@5AA-:>=D5@5=F8OE 8 4@C38E <5@>?@8OB8OE 4;O ?@5AAK, ;81> =0 >A=>25 70O2;5=89 8;8 >128=5=89. !>45@60=85 :>=B5=B0 ?>:07K205B, GB> ?>402;ONI55 1>;LH8=AB2> ?C1;8:0F8>==KE <0B5@80;>2 =>A8B 8=D>@<0F8>==K9 E0@0:B5@, >G5=L <0;> 0=0;8B8G5A:>3> <0B5@80;0. 
0 D>=5 =87:>3> C@>2=O ?@54AB02;5==>AB8 >@30=>2 2;0AB8 @5A?C1;8:8 2 :><<C=8:0B82=>9 G0AB8 A>F80;L=KE A5B52KE @5AC@A>2, 8=D>@<0F8>==>5 ?@>AB@0=AB2> 8<8 70?>;=5=>. 0?@8<5@, 2 Twitter ?@54AB02;5=K =>2>AB8 @07;8G=KE 254><AB2, 8=B5@=5B-@5AC@A>2, @5?>ABK A 4@C38E A09B>2, 0=0;>38G=KE !, 345 ?@>A;568205BAO >@85=B0F8O ?C1;8:0F89 ?@> :>@@C?F8N 2 @07;8G=KE AD5@0E 45OB5;L=>AB8. B<5G05BAO >BACBAB285 >1@0B=>9 A2O78 >@30=>2 3>AC40@AB25==>9 2;0AB8 A >1I5AB2>< ?> ?@>1;5<5 :>@@C?F88. 0: @57C;LB0B <>6=> @0AA<0B@820BL B>B D0:B, GB> 7=0G8B5;L=0O 4>;O :>=B5=B0 A>F80;L=KE A5B59 A>45@68B >A25I5=85 2>?@>A>2 :>@@C?F88 A D>@<8@>20=85< =530B82=>3> >1@070 459AB2CNI8E 2;0AB59.  A2>N >G5@54L 2 ! >BACBAB2CNB ?C1;8:0F88, :>B>@K5 1K @0A:@K20;8 <5E0=87<K :>@@C?F8>==KE 459AB289. G5=L <0;> <0B5@80;>2, :>B>@K5 1K D>@<8@>20;8 ?>;>68B5;L=K9 >1@07 2;0AB59 2 1>@L15 A :>@@C?F859.  @57C;LB0B5 >10 MB8E D0:B>@0 A?>A>1AB2CNB B><C, GB> 4>AB0B>G=> G0AB> 2AB@5G05BAO :>=B5=B, :>B>@K9 >B@8F0B5;L=> 2;8O5B =0 8<846 @5A?C1;8:0=A:8E 2;0AB59. 
ABL 8 ?>78B82=K9 >?KB, >4=0:> >= :@09=5 =57=0G8B5;5=. "0:, 2 A>F80;L=>9 A5B8 4=>:;0AA=8:8 ACI5AB2C5B >?KB ?@54AB02;5=8O ?>78B82=>3> >1@070 2;0AB8 70@538AB@8@>20==>9 3@C??K =B8:>@@C?F8>==>5 ! ?> >A25I5=8N 2>?@>A>2 MDD5:B82=>AB8 1>@L1K A :>@@C?F859. >;>68B5;L=K9 >1@07 2;0AB8 ?@54AB02;5= 8 2 7,3% ?C1;8:0F89 A@54AB2 <0AA>2>9 8=D>@<0F88 D545@0;L=>3> C@>2=O 8 2 9,4% A;CG0OE 2 ! @538>=0;L=>3> 8 <C=8F8?0;L=KE C@>2=59. 
BAN40 8 A>>B25BAB2CNI0O >F5=:0 MDD5:B82=>AB8 45OB5;L=>AB8 2;0AB59 ?> 2>?@>A0< ?@>B82>459AB28O :>@@C?F88   2 F5;>< ?>78B82=0O, => ?@8 MB>< >1@07 G8=>2=8:0 2 1>@L15 A :>@@C?F859 2 A@54AB20E <0AA>2>9 8=D>@<0F88 G0I5 =59B@0;L=K9 (52,6%), @565 ?>78B82=K9 (7,7%). 530B82=K5 >1@07K G8=>2=8:>2 ?@54AB02;5=K 2 39,7% ?C1;8:0F89.
=0;87 A>45@60=8O B5:AB>2 2 @5A?C1;8:0=A:8E ! ?>:07K205B, GB> 2 ?@5AA5 ?@0:B8G5A:8 =5 >A25I0NBAO D0:BK =0:070=8O 70 :>@@C?F8N. =>385 0A?5:BK 1>@L1K A :>@@C?F859 8 ?@>B82>459AB28N 59 2>>1I5 =5 @0AA<0B@820NBAO.  ?@5AA5  5A?C1;8:8 "0B0@AB0= ?@0:B8G5A:8 >BACBAB2CNB <0B5@80;K 2 D>@<5 6C@=0;8ABA:8E @0AA;54>20=89, ?>A2OI5==KE 2>?@>A0< :>@@C?F88 8 :C<>2AB20. 
 1>;LH8=AB25 ! >BACBAB2C5B ?@>?030=40 =5>B2@0B8<>AB8 =0:070=8O 70 A>25@H5==K5 ?@02>=0@CH5=8O. >;O >A25I5=8O :>=:@5B=KE D0:B>2 :>@@C?F88 2 D545@0;L=KE ! A>AB02;O5B 10 ?@>B82 5,4% 2 @5A?C1;8:0=A:8E !, 0 4>;O 2845>70?8A59, 2K;>65==KE 2 Twitter, =0 4,03% A>AB>OB 87 =>2>AB59 ?@> :>@@C?F8N, :0A0NI8EAO  5A?C1;8:8 "0B0@AB0=. 95,7% A5B52KE =>2>AB59, A2O70==KE A ?>1>@0<8 2  5A?C1;8:5 "0B0@AB0=, :0A0NBAO H:>; 8 45BA:8E A04>2.  F5;>< 2  5A?C1;8:5 "0B0@AB0= ! 4>AB0B>G=> H8@>:> >A25I0NB 2>?@>AK :>@@C?F88. > =54>AB0B>G=> ?@54AB02;5=K ?C1;8:0F88 ?> 55 ?@>B82>459AB28N.

 5:><5=40F88
15A?5G5=85 4;O >1I5AB20 <0:A8<0;L=>9 4>ABC?=>AB8 : >1J5:B82=>9 8=D>@<0F88 > ?@>1;5<5 :>@@C?F88 2  5A?C1;8:5 "0B0@AB0=
@8 @01>B5 A> A@54AB20<8 <0AA>2>9 8=D>@<0F88 A;54C5B CG8BK20BL 8E @59B8=3. @8 @01>B5 A A>F80;L=K<8 A5BO<8 8 A>>1I5AB20<8 A;54C5B CG8BK20BL :>;8G5AB2> CG0AB=8:>2 8 ?>4?8AG8:>2 A>>1I5AB20.  5B@0=A;8@>20BL >?KB :><<C=8:0F88 A 68B5;O<8  5A?C1;8:8 "0B0@AB0= A>>1I5AB20 >1>@K 2 H:>;0E 8 45BA040E, !" (, ?@54AB02;5==>3> :0: >@OG0O ;8=8O ?> ?>1>@0<  ". 5@5=OBL >?KB ?> >A25I5=8N 2>?@>A>2 :>@@C?F88 3@C??K =B8:>@@C?F8>==>5 ! 2 A>F80;L=>9 A5B8 4=>:;0AA=8:8. !>740BL 2 A>F80;L=KE A5BOE 3@C??K 8;8 A>>1I5AB20 =B8:>@@C?F8>==K9 <>=8B>@8=3, @>B82>459AB285 :>@@C?F88. 15A?5G8BL 4>ABC?=>ABL ?C1;8:0F88 A@54AB2 <0AA>2>9 8=D>@<0F88, >A>15==> ?> 2>?@>A0< :>@@C?F88, 2 A2>1>4=>< 4>ABC?5. 0?@8<5@, 4>;6=0 1KBL >B:@KB0O 8=D>@<0F8O > B5E 8;8 8=KE 2708<>459AB28OE >@30=>2 2;0AB8 A 187=5A><. C1;8G=> >3;0H0BL 2A5 D0:BK :>@@C?F88.
708<>459AB285 8 >1@0B=0O A2O7L 2A5E CG0AB=8:>2 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 (>1I5AB20, !, >@30=>2 2;0AB8)
064K9 D0:B :>@@C?F88, >A25I5==K9 2 A@54AB20E <0AA>2>9 8=D>@<0F88 (!), 4>;65= AB0BL ?@8G8=>9 ?@>25@:8 =0 ?@54<5B >1J5:B82=>AB8. 5>1E>48<> 2 MB>< 65 ! ?C1;8:>20BL @57C;LB0B ?@>25@:8 (MB> 1C45B A?>A>1AB2>20BL =5 B>;L:> D>@<8@>20=8N 8<8460 2;0AB8, => 8 1C45B =0?@02;5=> =0 B>, GB> 6C@=0;8ABK 1C4CB >B25G0BL 70 A;>20, :>B>@K5 ?C1;8:CNB).5>1E>48<> ?@82;5:0BL G8=>2=8:>2 =0 AB>@>=C 6C@=0;8ABA:>3> @0AA;54>20=8O; H8@>:> 8 2 1>;LH5< :>;8G5AB25 >A25I0BL 2 A@54AB20E <0AA>2>9 8=D>@<0F88 ?@>F5AAK ?> =0:070=8N :>@@C?F8>=5@0; 2:;NG8BL 2 :0G5AB25 >1@0B=>9 A2O78 2 ! @0745; 8;8 :>;>=:C ><<5=B0@88 G8=>2=8:0; >@30=87>20BL 2708<>459AB285 ! 8 ?@02>>E@0=8B5;L=KE >@30=>2 2 1>@L15 A :>@@C?F859, 4>1K20=88 8=D>@<0F88 ?> =0@CH5=8O< 70:>==>AB8.
=B8:>@@C?F8>==0O ?@>?030=40
@>?030=48@>20BL 2 ! =5>B2@0B8<>ABL =0:070=8O 70 :>@@C?F8N A 45<>=AB@0F859 D0:B>2, =0?@8<5@, :>=D8A:0F88 ?@5ABC?=> ?>;CG5==>3> 8<CI5AB20.  A>F80;L=KE A5BOE >@30=87>20BL 0=B8:>@@C?F8>==CN ?@>?030=4C 4;O 45BA:>9 8 ?>4@>AB:>2>9 0C48B>@88, ?@8CG0BL ;N459 >AC640BL 8 ABK48BLAO :>@@C?F88. A?>;L7>20BL A>F80;L=K5 A5B8 :0: A?>A>1 ?>;CG5=8O ?5@28G=>9 8=D>@<0F88 > D0:B0E :>@@C?F88. 5>1E>48<> A>740BL B0:>9 A>F80;L=K9 @5AC@A, :>B>@K9 A>18@0; 1K B0:CN 8=D>@<0F8N 8 AB0B8AB8G5A:8 >1@010BK20; (=0?@8<5@, 2 :0:>9 AD5@5 1>;LH5 >1@0I5=89). -B> ?>72>;8B 2KO2;OBL ?@>1;5<=K5 <5AB0 8 ?@8=8<0BL A>>B25BAB2CNI85 @5H5=8O. @>?030=48@>20BL ?>;>68B5;L=K9 >1@07 G8=>2=8:0 ?CB5< ?C1;8:0F88 :0: :>=:@5B=KE D0:B>2 ?> =5>B2@0B8<>AB8 =0:070=8O 8 2KO2;5=8O D0:B>2 :>@@C?F88, B0: 8 D0:B>2 2708<>459AB28O A >@30=0<8 ?> ?>8<:5 40NI8E 27OB:8. 
3.4.>@@C?F8>==K9 >?KB =0A5;5=8O "0B0@AB0=0 2 @07;8G=KE AD5@0E 687=545OB5;L=>AB8 >1I5AB20 (?>;8F8O, <548F8=0, >1@07>20=85, %, 45BA:85 A04K 8 B.4.).
06=59H8< 8=48:0B>@><, E0@0:B5@87CNI8< 3;C18=C :>@@C?F88, O2;O5BAO :>@@C?F8>==K9 >?KB =0A5;5=8O, 4@C38<8 A;>20<8, :>@@C?F8>==K9 >E20B, :>340 >?@545;5==0O 4>;O @5A?>=45=B>2, E>BO 1K @07 ?>?040;0 2 :>@@C?F8>==CN A8BC0F8N.
> <=5=8N >?@>H5==KE @5A?>=45=B>2, 68B5;8 "0B0@AB0=0 2K=C645=K 4020BL 27OB:8 4>;6=>AB=K< ;8F0< 2 A@54=5< 2 @070 2 3>4 (B>G=55 1,9 @070). -B0 F8D@0 >A=>20=0 =0 <=5=88 2687 >?@>H5==KE 68B5;59. I5 1323 70B@C4=8;8AL >B25B8BL =0 MB>B 2>?@>A.
 ?@>F5=B=>< A>>B=>H5=88 :0: 27OB:>40B5;8 68B5;8 "0B0@AB0=0, AG8B0NB @5A?>=45=BK, 2KABC?0NB <5=55 >4=>3> @070 2 3>4   MB> 21%, 1-2 @070 2 3>4   30,4%, 3-5 @07 2 3>4   11,3%, 1>;55 5 @07 2 3>4   4,3%, 70B@C4=8;>AL >B25B8BL   MB> 33% (B01;8F0 !9).
"01;8F0 !9
!0;84=K5 7=0G5=8O'0AB>B0% >B >?@>H5==KE15=55 >4=>3> @070 2 3>48412121-2 @070 2 3>4121930,433-5 @07 2 3>445411,34>;55 5 @07 2 3>41734,350B@C4=ONAL >B25B8BL132333B>3> >B25B82H8E4010100
4=0:> 87 2A53> <0AA820 @5A?>=45=B>2 B>;L:> 30,2% ?>?040;> 2 B0:CN A8BC0F8N, :>340 65;0B5;L=> 1K;> 40BL 27OB:C, 0 69,8% A B0:>9 A8BC0F859 =5 AB0;:820;8AL.
 ?>4>1=CN A8BC0F8N 2 2014-2015 3>40E ?>?040;8 36,3% @5A?>=45=B>2, 63,7% @5A?>=45=B>2 AB0;:820;8AL A B0:>9 A8BC0F859 ?>A;54=89 @07 4> 2014 3>40. 2799 @5A?>=45=B>2 A B0:>9 A8BC0F859 =5 AB0;:820;8AL (B01;8F0 !10).
"01;8F0 !10
!0;84=K5 7=0G5=8O% >B >?@>H5==KE% >B >B25B82H8E1 2014-2015 3>40E10,936,32 0=5519,363,7B>3> >B25B82H8E30,2100@>?CA:8?CABK5 OG59:8 (2 B>< G8A;5 87-70 D8;LB@0: 2799)69,8": 100
 2014-2015 3>40E 11% ?>?040;8 2 :>@@C?F8>==CN A8BC0F8N. #G8BK20O, GB> A =0G0;0 2015 3>40 ?@>H;> B@8 <5AOF0, 11/(12+3)=0,73% ?>?0405B 2 B0:CN A8BC0F8N 565<5AOG=> 8 8,8%   5653>4=>.
 2014-2015 3>40E 40;8 27OB:C 348 G5;>25: 87 4010 @5A?>=45=B>2   MB> 8,7%. ">;L:> 23,1% >?@>H5==KE ?@87=0;8AL 2> 27OB:5.  F5;>< 76%   MB> B5, :B> 405B 27OB:C 2 :>@@C?F8>==>9 A8BC0F88. >;CG05BAO, GB> 2 <5AOF 40NB 27OB:C 0,57% , 0 2 B5G5=85 3>40   7% (B01;8F0 !11).
"01;8F0 !11
!0;84=K5 7=0G5=8O'0AB>B0% >B >?@>H5==KE% >B >B25B82H8E10, 2A5-B0:8 ?@8H;>AL 40BL92523,176,425B, >1>H;>AL 157 27OB:82867,123,6B>3> >B25B82H8E121130,2100@>?CA:8?CABK5 OG59:8 (2 B>< G8A;5 87-70 D8;LB@0: 2799)279969,8": 4010100
 @0<:0E ?>;52>3> 8AA;54>20=8O @5A?>=45=B0< 1K; 7040= 2>?@>A, 60;>20;8AL ;8 8E 7=0:><K5, GB> 4;O @5H5=8O A2>8E ?@>1;5< ?@8H;>AL 70?;0B8BL/40BL 27OB:C, ?>40@>:, ?>4=>H5=85. 25,2% 7=0:><KE @5A?>=45=B>2 8<5;8 :>@@C?F8>==K9 >?KB >1I5=8O 4;O @5H5=8O A2>8E ?@>1;5<, 0 74,8% B0:>3> >?KB0 =5 8<5NB. 0==K5 F8D@>2K5 ?>78F88 C:;04K20NBAO 2 @57C;LB0BK B01;8FK !9.
>?C;O@=K 27OB:8, A2O70==K5 A :@C3;>9 AC<<>9,   5000, 1000, 3000, 500, 2000, 10000, 15000 8 B.4.
!@54=OO 27OB:0   13000. 0:A8<0;L=0O AC<<0 27OB:8 ?@>72CG0;0 C >4=>3> @5A?>=45=B0   500000 @C1;59.
> MB0 25;8G8=0 =5 O2;O5BAO >@85=B8@><   @0A?@545;5=85 ?> 27OB:0< :@09=5 @07=>>1@07=>5. 
 2014 3>4C 11% =0A5;5=8O AB0;:820;8AL A A8BC0F859, :>340 =C6=> 40BL 27OB:C, ?@8G5< A@54=5AB0B8AB8G5A:89 68B5;L AB0;:8205BAO A MB>9 A8BC0F859 0,21 @070 2 3>4, 8=K<8 A;>20<8, :064K9 ?OBK9 68B5;L   @07 2 3>4.
 2014 3>4C 9% =0A5;5=8O 4020;> 27OB:8, ?@8G5< A@54=89 68B5;L 405B 27OB:C 0,16 @070 2 3>4. #G8BK20O A@54=89 >1J5< 27OB:8 13000 @C1., 2 3>4 A@54=89 68B5;L ?;0B8B 2 A@54=5< 2080 @C1;59.
25,2% 7=0:><KE @0AA:07K20;8 @5A?>=45=B0< > :>@@C?F8>==KE A8BC0F8OE, A2O70==KE A 40G59 27OB:8. !@54=OO 27OB:0 7=0:><>3> C @5A?>=45=B0   22 BKAOG8 300 @C1;59. @>A;568205BAO B5=45=F8O, GB> 7=0:><K5 @0AA:07K20NB > 1>;55 :@C?=KE 27OB:0E, G5< ?;0B8B A0< >?@>H5==K9. 5@>OB=>, GB> > <5;:8E 27OB:0E =5 @0AA:07K20NB, AG8B0O MB> >1K45==>9 459AB28B5;L=>ABLN.  >1>8E A;CG0OE A0<0O ?>?C;O@=0O 27OB:0 5000 @C1;59.
=B5@5A=0 @5:>=AB@C:F8O :>@@C?F8>==>9 <>45;8 3;070<8 @5A?>=45=B0. >@@C?F8>==CN A8BC0F8N >6840=8O ?>4=>H5=8O 4;O 29,7% @5A?>=45=B>2 A>7405B A0< 3>AA;C60I89. ! 4@C3>9 AB>@>=K, 31,3% @5A?>=45=B>2 AG8B0NB, GB> >15 AB>@>=K 70@0=55 7=0NB, GB> 27OB:0 >1I5?@8=OB0 2 MB>9 A8BC0F88, B> 5ABL @5GL 845B > :>@@C?F8>==KE B@048F8OE 40G8 8 ?@8=OB8O 27OB:8. @8G5< 11,7% >?@>H5==KE ?5AA8<8AB8G=> AG8B0NB, GB> 4@C3>3> A?>A>10 @5H5=8O ?@>1;5<K ?@>AB> ?>:0 =5 ACI5AB2C5B. 0 38?>B5B8G5A:85 :>@@C?F8>==K5 >6840=8O 3>AA;C60I8E ?@>5F8@C5BAO 8=8F80B820 A0<8E 3@0640= 21,5%.
:BC0;5= 2>?@>A, 2 :0:8E AD5@0E ?>2A54=52=>9 687=8 68B5;8  5A?C1;8:8 "0B0@AB0= AB0;:820;8AL A> 27OB>G=8G5AB2>< 8 :>@@C?F859 (B01;8F0!12).
0: G0AB>, ?> 0H5<C <=5=8N, 68B5;O<  5A?C1;8:8 "0B0@AB0= ?@8E>48BAO AB0;:820BLAO A> 27OB>G=8G5AB2><, :>@@C?F859 2 >B45;L=KE AD5@0E ?>2A54=52=>9 687=8,  '!+% ?
"01;8F0 !12
!>42>?@>AKB25BK0;84=K55 ?@8E>48BAO 54:>@5<O >B 2@5<5=8>2>;L=> G0AB>G5=L G0AB>1 1>;L=8F5 (A5@L57=>5 ;5G5=85, >?5@0F8O, =>@<0;L=>5 >1A;C6820=85 8 B.?.)11,60%13,50%28,90%29,80%16,20%100,00%2C7: ?>ABC?8BL, ?5@525AB8AL 87 >4=>3> 2C70 2 4@C3>9, M:70<5=K 8 70G5BK, 48?;>< 8 B.?.14,90%12,60%33,70%27,10%11,70%100,00%3#@53C;8@>20BL A8BC0F8N A 02B>8=A?5:F859 (?>;CG5=85 ?@02, B5E>A<>B@, =0@CH5=85 ?@028; 4>@>6=>3> 42865=8O 8 B.?.)18,50%17,20%29,00%22,20%13,10%100,00%4 5H5=85 ?@>1;5< 2 A2O78 A ?@87K2>< =0 2>5==CN A;C61C18,20%16,20%30,60%24,90%10,20%100,00%5>18BLAO A?@0254;82>AB8 2 AC4524,30%21,70%27,90%17,60%8,50%100,00%6>;CG8BL ?><>IL 8 70I8BC 2 <8;8F8830,40%24,40%24,90%11,90%8,40%100,00%7(:>;0: ?>ABC?8BL 2 =C6=CN H:>;C 8 CA?5H=> 55 >:>=G8BL, >1CG5=85, 27=>AK, 1;03>40@=>AB8 8 B.?.33,00%23,00%26,60%13,40%4,10%100,00%8 01>B0: ?>;CG8BL =C6=CN 8;8 >15A?5G8BL ?@>42865=85 ?> A;C61530,40%24,30%28,60%13,00%3,70%100,00%9>H:>;L=K5 CG@5645=8O (?>ABC?;5=85, >1A;C6820=85 8 B.?.)34,00%24,00%24,90%13,10%4,00%100,00%10>;CG5=85 15A?;0B=>9 <548F8=A:>9 ?><>I8 2 ?>;8:;8=8:5 (0=0;87K, ?@85< C 2@0G0 8 B.?.)35,70%27,00%24,70%9,40%3,20%100,00%115<5;L=K9 CG0AB>:: ?@8>1@5AB8 (4;O 40G8 8;8 2545=8O A2>53> E>7O9AB20) 8 (8;8) >D>@<8BL ?@02> =0 =53>44,60%23,30%18,00%8,80%5,20%100,00%128;?;>I04L: ?>;CG8BL 8 (8;8) >D>@<8BL N@848G5A:>5 ?@02> =0 =55, ?@820B870F8O 8 B.?.42,90%24,50%19,80%7,60%5,20%100,00%130@538AB@8@>20BL A45;:8 A =542868<>ABLN (4><0, :20@B8@K, 30@068 8 B.?.)51,20%22,00%17,70%6,30%2,90%100,00%14>;CG8BL @538AB@0F8N ?> <5ABC 68B5;LAB20, ?0A?>@B 8;8 703@0=8G=K9 ?0A?>@B, @07@5H5=85 =0 >@C685 8 B.?.50,60%22,90%17,90%6,80%1,80%100,00%15>;CG8BL CA;C38 ?> @5<>=BC, M:A?;C0B0F88 68;LO55,20%20,70%16,80%5,40%2,00%100,00%16!>F80;L=K5 2K?;0BK: >D>@<;5=85 ?@02, ?5@5AG5B 8 B.?.61,40%20,20%13,40%3,90%1,10%100,00%175=A88: >D>@<;5=85, ?5@5AG5B 8 B.?.63,00%21,80%11,60%2,70%1,00%100,00%18@C3>599,80%0,00%0,00%0,10%0,00%100,00%
0: 2848<, 27OB>G=8G5AB2> 2 ?@54AB02;5=88 @5A?>=45=B>2 =>A8B <0AA>2K9 E0@0:B5@ 2> <=>38E AD5@0E >1I5AB25==>9 687=8.  A8AB5<=>AB8 40==>3> O2;5=8O C:07K205B AC<<0 42CE ?>78F89 87 B01;8FK   MB> 4>2>;L=> G0AB> 8 >G5=L G0AB>, :>340 @5A?>=45=BK C:07K20NB =0 :>@@C?F8>==>-D8=0=A>2K5 8745@6:8 ?@8 >1@0I5=88 2 >B45;L=K5 A>F80;L=K5 8=AB8BCBK >1I5AB20. 0;55 1C45B ?>:070=0 48=0<8:0 MB8E ?>:070B5;59.
"0:, 2 <548F8=A:8E CG@5645=8OE @5H5=85 2>?@>A>2 A A5@L57=K< ;5G5=85<, >?5@0F859, =>@<0;L=K< >1A;C6820=85< :>@@C?F8>==> @5H05BAO 2 46% A;CG052, ?> <=5=8N @5A?>=45=B>2.
=B5@5A=0 :>@@C?F8>==0O 48=0<8:0 ?> :@C?=K< 3>@>40< "0B0@AB0=0. 070=A:85 @5A?>=45=BK 40==CN ?@>1;5<C 2 AC<<5 :>;>=>: >2>;L=> G0AB> 8 G5=L G0AB> >F5=820NB 2 44,3% A;CG052, 68B5;8 015@56=KE '5;=>2 2 63,8%, @5A?>=45=BK 86=5:0<A:0 2 59,4%.
>78B82=CN B5=45=F8N 2848B >48= 87 M:A?5@B>2 2 AD5@5 <548F8=A:>3> >1A;C6820=8O, :>B>@K9 CB25@6405B, GB> ><8B5B>< ?> A>F80;L=>-M:>=><8G5A:><C <>=8B>@8=3C 2  5A?C1;8:5 "0B0@AB0= 1K;0 >72CG5=0 4>AB0B>G=> 8=B5@5A=0O 8=D>@<0F8O, :0: @07 B0:8 :0A0NI0OAO C<5=LH5=8O G8A;0 3@0640=, :>B>@K5 >B<5B8;8 2 >?@>A5 :>@@C<?8@>20==>ABL <548F8=A:8E @01>B=8:>2. ".5., 5A;8 2 2011 3>4C MB> 1K;> 64,7%, B> 2 2014 3>4C, MB> 56,7%. >=5G=>, 48=0<8:0 <>65B 1KBL 8 =5 B0:0O A5@L57=0O, =>, B5< =5 <5=55, >=0 2A5-B0:8 ?>;>68B5;L=0O.
>@@C?F8O 2 2KAH8E CG51=KE 702545=8OE, A2O70==0O A ?>ABC?;5=85<, ?5@52>4>< 87 >4=>3> >1@07>20B5;L=>3> CG@5645=8O 2 4@C3>9, A40G59 M:70<5=>2 8 70G5B>2, >F5=8205BAO @5A?>=45=B0<8 2 38,8%.
;O 070=8   39,1%, 015@56=KE '5;=>2   48%, 86=5:0<A:0   49,7%.
>?@>AK C@53C;8@>20=8O A8BC0F88 A 02B>8=A?5:F859 (?>;CG5=85 ?@02, B5E>A<>B@, =0@CH5=85 ?@028; 4>@>6=>3> 42865=8O 8 B.?.)   35,3%.
;O 070=8   32,9%, 015@56=KE '5;=>2   50,8%, 86=5:0<A:0   48,5%.
 5H5=85 ?@>1;5< 2 A2O78 A ?@87K2>< =0 2>5==CN A;C61C 2 :>@@C?F8>==>-D8=0=A>2>< 0A?5:B5 >F5=8205BAO 35,1% @5A?>=45=B>2.
;O 070=8   37,5%, 015@56=KE '5;=>2   48,8%, 86=5:0<A:0   39,2%.
>7<>6=>ABL 4>18BLAO 2K3>4=>3> 4;O A51O @5H5=8O 2 AC45  G5@57 :>@@C?F8>==K5 <5E0=87<K @0AA<0B@820NB 20,3% @5A?>=45=B>2.
;O 070=8   22,3%, 015@56=KE '5;=>2   46%, 86=5:0<A:0   46%.
>;CG8BL ?><>IL 8 70I8BC 2 ?>;8F88 G5@57 :>@@C?F8>==>5 A>B@C4=8G5AB2> 1K;> C:070=> C 20,3% @5A?>=45=B>2.
;O 070=8   15,4%, 015@56=KE '5;=>2   39,6%, 86=5:0<A:0   34,2%.
 @0<:0E H:>;L=>9 :>@@C?F88   MB> ?>ABC?;5=85 2 =C6=CN H:>;C 8 CA?5H=>5 55 7025@H5=85, >1CG5=85, 27=>AK, 1;03>40@=>AB8 8 B.?. >F5=8205BAO @5A?>=45=B0<8 2 17,5%.
;O 070=8   25,4%, 015@56=KE '5;=>2   23,9%, 86=5:0<A:0   25,4%.
>7<>6=>ABL ?>;CG5=8O =C6=>9 @01>BK 8;8 >15A?5G5=8O ?@>42865=8O ?> A;C615 G5@57 :>@@C?F8>==K5 459AB28O >F5=8205BAO @5A?>=45=B0<8 2 16,7%.
;O 070=8   17,7%, 015@56=KE '5;=>2   21,4%, 86=5:0<A:0   25,4%.
 4>H:>;L=KE CG@5645=8OE 2>?@>AK, A2O70==K5 A ?>ABC?;5=85<, >1A;C6820=85< 8 B.?., :0: G0AB>5 O2;5=85 C:07K20NB 17,1% @5A?>=45=B>2.
;O 070=8   24,1%, 015@56=KE '5;=>2   19,7%, 86=5:0<A:0   18,4%.
>;CG5=85 15A?;0B=>9 <548F8=A:>9 ?><>I8 2 ?>;8:;8=8:5 (0=0;87K, ?@85< C 2@0G0 8 B.?.) G5@57 G0AB>5 :>@@C?F8>==>5 >1I5=85 C:07K205BAO 12,6% @5A?>=45=B>2.
;O 070=8   7,4%, 015@56=KE '5;=>2   17,9%, 86=5:0<A:0   13,4%.
>@@C?F8>==>5 >1I5=85, A2O70==>5 A 75<5;L=K<8 CG0AB:0<8, 0 8<5==> A 2>?@>A>< ?@8>1@5B5=8O (4;O 40G8 8;8 2545=8O A2>53> E>7O9AB20) 8 (8;8) >D>@<;5=8O ?@020 =0 =53>, >F5=8205BAO @5A?>=45=B0<8 2 14%.
;O 070=8   9,1%, 015@56=KE '5;=>2   36,7%, 86=5:0<A:0   7%.
8;8I=K5 2>?@>AK, A2O70==K5 A ?>;CG5=85< 8 (8;8) >D>@<;5=85< N@848G5A:>3> ?@020 =0 :20@B8@K, ?@820B870F859 8 B.?., :0: :>@@C?F8>==> G0AB>5 O2;5=85 >F5=8205BAO 12,8% @5A?>=45=B>2.
;O 070=8   9,5%, 015@56=KE '5;=>2   30%, 86=5:0<A:0   11,9%.
0@538AB@8@>20BL A45;:8 A =542868<>ABLN (4><0, :20@B8@K, 30@068 8 B.?.) G5@57 :>@@C?F8>==K5 <5E0=87<K   C:07K20NB 9,2% @5A?>=45=B>2.
;O 070=8   6,8%, 015@56=KE '5;=>2   20,2%, 86=5:0<A:0   6%.
>;CG8BL @538AB@0F8N ?> <5ABC 68B5;LAB20, ?0A?>@B 8;8 703@0=8G=K9 ?0A?>@B, @07@5H5=85 =0 >@C685 8 B.?.   C:07K20NB 8,6% @5A?>=45=B>2.
;O 070=8   7,7%, 015@56=KE '5;=>2   18,9%, 86=5:0<A:0   10,5%.
@8 ?>;CG5=88 CA;C3 ?> @5<>=BC, M:A?;C0B0F88 68;LO 3@0640=5 AB0;:820NBAO 4>AB0B>G=> G0AB> A :>@@C?F8>==K<8 <5E0=87<0<8, ?> <=5=8N 7,4% @5A?>=45=B>2.
;O 070=8   9,3%, 015@56=KE '5;=>2   12%, 86=5:0<A:0   3%.
D>@<;5=85 ?@02, ?5@5AG5B 8 B.?. ?> A>F80;L=K< 2K?;0B0< 4;O 5% @5A?>=45=B>2 =>A8B E0@0:B5@ :>@@C?F8>==KE 7;>C?>B@51;5=89 A;C60I8E.
;O 070=8   5,6%, 015@56=KE '5;=>2   7,3%, 86=5:0<A:0   4,5%.
5=A88: >D>@<;5=85, ?5@5AG5B 8 B.?. 4;O 3,7% =>A8B E0@0:B5@ :>@@C?F8>==KE 7;>C?>B@51;5=89 A> AB>@>=K A;C60I8E.
;O 070=8   4,4%, 015@56=KE '5;=>2   3,4%, 86=5:0<A:0   1,5%.
0: 2848<, 4>AB0B>G=> G0AB> ;848@CNB 015@56=K5 '5;=K, ?>@>9 7=0G8B5;L=> >?5@560O 070=L 2 2>?@>A0E A>?@8:>A=>25=8O A> 27OB>G=8G5AB2><, :>@@C?F859 2 >B45;L=KE AD5@0E ?>2A54=52=>9 687=8. 
 @0<:0E AB0B8AB8G5A:8E 40==KE >B25BK 4>2>;L=> G0AB> 8 >G5=L G0AB>, :>340 @5A?>=45=BK C:07K20NB =0 <0AA>2K5 :>@@C?F8>==>-D8=0=A>2K5 8745@6:8 4;O 3@0640= ?@8 >1@0I5=88 : >B45;L=K< A>F80;L=K< 8=AB8BCB0< >1I5AB20, ?@5645 2A53>, =04> >1@0B8BL 2=8<0=85 =0 2KA>:85 ?>:070B5;8 2 AC451=>9 A8AB5<5 4;O 070=8   22,3%, 0 2 015@56=KE '5;=0E   46%; 2>?@>AK C@53C;8@>20=8O A8BC0F88 A 02B>8=A?5:F859 4;O 070=8   32,9%, 015@56=KE '5;=>2   50,8%.
B0:, 30% @5A?>=45=B>2 ?>?040;> :>340-;81>  2 B0:CN A8BC0F8N, :>340 65;0B5;L=> 40BL 27OB:C, 0 70% A B0:>9 A8BC0F859 =5 AB0;:820;8AL.
4=0:> 745AL =5;L7O 701K20BL, ?> <=5=8N >4=>3> 87 M:A?5@B>2, GB> B0:85 ?@0:B8:8 5ABL 8 >1I5AB25==>5 <=5=85 =5 >1J5:B82=>, 0 AC1J5:B82=>, :0: 8 ;N1>9 G5;>25:, ?5@5=>A8B =0 2AN ?@>D5AA8N B>, GB> 2K, =0?@8<5@, 70 M:70<5=K 8 70G5BK 15@5B5 8 ?>;CG05B5 70 2AN A5AA8N B0:85 45=L38, GB> <>65B5 ?>B>< F5;K9 3>4 68BL.
@8 >1@0I5=88 : >B45;L=K< A>F80;L=K< 8=AB8BCB0< >1I5AB20 4;O ?@54>AB02;5=8O CA;C3 8 N@848G5A:8 7=0G8<KE 459AB289 4;O @5A?>=45=B>2 ?>@>9 2>7=8:0;8 :>@@C?F8>==K5 10@L5@K, :>340 >=8 ?>=8<0;8, GB> 157 8E 2>2;5G5=8O 2 :>@@C?F8>==K5 459AB28O 1C45B =52>7<>6=> @5H8BL 8E ?@>1;5<K (B01;8F0 !13).
@8 @5H5=88 :0:>9 ?@>1;5<K, 2 :0:>9 A8BC0F88 ?@>87>H5; MB>B A;CG09, :>340 2K ?>=O;8, ?>GC2AB2>20;8, GB> 157 27OB:8, ?>40@:0 0< A2>N ?@>1;5<C =5 @5H8BL? 
"01;8F0 !13
!0;84=K5 7=0G5=8O% >B >B25B82H8E1 1>;L=8F5 (A5@L57=>5 ;5G5=85, >?5@0F8O, =>@<0;L=>5 >1A;C6820=85 8 B.?.)462#@53C;8@>20BL A8BC0F8N A 02B>8=A?5:F859 (?>;CG5=85 ?@02, B5E>A<>B@, =0@CH5=85 ?@028; 4>@>6=>3> 42865=8O 8 B.?.)19,73C7: ?>ABC?8BL, ?5@525AB8AL 87 >4=>3> 2C70 2 4@C3>9, M:70<5=K 8 70G5BK, 48?;>< 8 B.?.17,84>;CG5=85 15A?;0B=>9 <548F8=A:>9 ?><>I8 2 ?>;8:;8=8:5 (0=0;87K, ?@85< C 2@0G0 8 B.?.)13,35>H:>;L=K5 CG@5645=8O (?>ABC?;5=85, >1A;C6820=85 8 B.?.)11,16(:>;0: ?>ABC?8BL 2 =C6=CN H:>;C 8 CA?5H=> 55 >:>=G8BL, >1CG5=85, 27=>AK, 1;03>40@=>AB8 8 B.?.8,87>18BLAO A?@0254;82>AB8 2 AC455,38 01>B0: ?>;CG8BL =C6=CN 8;8 >15A?5G8BL ?@>42865=85 ?> A;C6154,998;?;>I04L: ?>;CG8BL 8 (8;8) >D>@<8BL N@848G5A:>5 ?@02> =0 =55, ?@820B870F8O 8 B.?.4,110 5H5=85 ?@>1;5< 2 A2O78 A ?@87K2>< =0 2>5==CN A;C61C3,711@C3>53,4125<5;L=K9 CG0AB>:: ?@8>1@5AB8 (4;O 40G8 8;8 2545=8O A2>53> E>7O9AB20) 8 (8;8) >D>@<8BL ?@02> =0 =53>3,313>;CG8BL CA;C38 ?> @5<>=BC, M:A?;C0B0F88 68;LO3,314>;CG8BL ?><>IL 8 70I8BC 2 <8;8F883,115!>F80;L=K5 2K?;0BK: >D>@<;5=85 ?@02, ?5@5AG5B 8 B.?.2,6165=A88: >D>@<;5=85, ?5@5AG5B 8 B.?.2,1170@538AB@8@>20BL A45;:8 A =542868<>ABLN (4><0, :20@B8@K, 30@068 8 B.?.)218>;CG8BL @538AB@0F8N ?> <5ABC 68B5;LAB20, ?0A?>@B 8;8 703@0=8G=K9 ?0A?>@B, @07@5H5=85 =0 >@C685 8 B.?.1,7!C<<0156,2B>3> >B25B82H8E100
0: 2848<, ;848@C5B <548F8=A:>5 >1A;C6820=85, B@51CNI55 A5@L57=>3> ;5G5=8O 4;O 3@0640=8=0, 8, :0: A;54AB285, 46% @5A?>=45=B>2 >:070;8AL 2 A8BC0F88 :>@@C?F8>==>3> 2708<>459AB28O, GB>1K @5H8BL A2>8 ?@>1;5<K.
;O 19,7% @5A?>=45=B>2 B0:>9 A8BC0F859 >:070;>AL >1I5=85 A A>B@C4=8:0<8 .
17,8% A8BC0F89   A;CG08, :>340 @5A?>=45=BK AB0;:820;8AL A 2C7>2A:>9 :>@@C?F859.
A53> 2 :>@@C?F8>==CN A8BC0F8N ?>?0405B 30% =0A5;5=8O.
23% 40NB 27OB:8, 7%   =5B (>B >?@>H5==KE) 8;8 75% (23,1/100-69,8) ?>?02H8E 2 :>@@C?F8>==CN A8BC0F8N 40NB 27OB:8.
A=>2=K5 <5AB0   1>;L=8F0 8 02B>8=A?5:F8O, =0 B@5BL5<   ?>ABC?;5=85 2 2C7 (B01;8F0 !14).
"01;8F0 !14
!0;84=K5 7=0G5=8O'0AB>B0% >B >?@>H5==KE% >B >B25B82H8E140;_1>;L=8F03027,532,6240;_1834,619,8340;_2C7120313440;_#451,14,9540;_(:>;0360,93,9640;_?>;8:;8=8:0330,83,6740;_4@C3>5310,83,4840;_@01>B0260,62,8940;_AC4230,62,51040;_68;?;>I04L200,52,21140;_75<;O190,52,11240;_<8;8F8O190,52,11340;_A45;:0 =542868<><>ABL150,41,61440;_?@87K2140,31,51540;_CA;C38 @5<>=B0120,31,31640;_?5=A88100,21,11740;_A>F2K?;0BK90,211840;_?0A?>@B80,20,9B>3> >B25B82H8E92523,1100@>?CA:8?CABK5 OG59:8279969,85 40;2867,1": 4010100
=B5@5A=0 A8BC0F8O, :>340 4;O @5A?>=45=B>2 A;>68;8AL >1AB>OB5;LAB20 2>7<>6=>AB8 >B:070BLAO >B 40G8 27OB:8. 1>H;8AL 157 40G8 27OB:8 (2KH;8 87 :>@@C?F8>==>3> AF5=0@8O) B>;L:> 23,6% @5A?>=45=B>2, B>340 :0: 76,4% >?@>H5==KE :>@@C?F8>==K9 AF5=0@89 4>25;8 4> D8=0;L=>9 B>G:8. >@@C?F8>==0O 8=8F80B820 ?@>O2;O5BAO, ?@5645 2A53>, 27OB:>?>;CG0B5;5<, ?> 40==K< 34,6% @5A?>=45=B>2, E>BO :>@@C?F8>==K9 AF5=0@89 >1KG=> 8725AB5= 70@0=55, GB> 157 27OB:8 =5 >1>9B8AL, > G5< 3>2>@OB 46,2% >?@>H5==KE.  @0<:0E :>@@C?F8>==KE B@048F89 C:;04K205BAO ?>78F8O 27OB:>40B5;O, GB> 4065 5A;8 27OB:>?>;CG0B5;L =5 =0AB0820; =0 ?>;CG5=88, 4;O =0456=>AB8 A;54C5B 40BL 27OB:C   17,7%. 0: 2848<, 3>B>2=>ABL A@54=53> 3@0640=8=0 40BL 27OB:C 4;O @5H5=8O A2>8E ?@>1;5< 2KA>:0.
B>3>< :>@@C?F8>==KE 459AB289 4>;6=>AB=>3> ;8F0 4;O 27OB:>40B5;O O2;O5BAO @5H5=85 2>7=8:H59 ?@>1;5<K ?>A;54=53> (33,4%), :0G5AB25==>5 @5H5=85 ?@>1;5<K (37,5%), A<O3G5=85 >B25BAB25==>AB8 70 =0@CH5=8O (13,1%), ?>;CG5=85 >?@545;5==KE ?@58<CI5AB2 (6,5%) 8 4@C3>5 (B01;8F0 !15).
0:>2 1K; >A=>2=>9 @57C;LB0B B>3>, GB> K 40;8 27OB:C 2 ?>A;54=59 ?> 2@5<5=8 :>@@C?F8>==>9 A8BC0F88?
"01;8F0 !15
!0;84=K5 7=0G5=8O% >B >B25B82H8E1 5H5=85 <>59 ?@>1;5<K 1K;> CA:>@5=>33,42>O ?@>1;5<0 1K;0 @5H5=0 1>;55 :0G5AB25==>37,53#40;>AL A<O3G8BL 8;8 CAB@0=8BL >B25BAB25==>ABL 70 =0@CH5=8O13,14>;CG5=85 ?@58<CI5AB2 ?@8 ?>ABC?;5=88 (45BA04, H:>;0, 2C7), B@C4>CAB@>9AB256,55@C3>55,460B@C4=ONAL >B25B8BL4,1B>3> >B25B82H8E100
"0:8< >1@07><, A>740=85 :>@@C?F8>==>9 ?@54=0<5@5==>9 A8BC0F88 2 2845 >?@545;5==KE A;>6=>AB59 8 ?@>1;5< (2>;>:8B0, C<KH;5==K9 D>@<0;87< 8 1N@>:@0B87<, =5:0G5AB25==>5 8A?>;=5=85 A2>8E 4>;6=>AB=KE DC=:F89 @01>B=8:><, 8A:CAAB25==K5 >G5@548 8 B.4.) 2>2;5:05B 2 ?@>2>:0F8>==CN A8BC0F8N ?@>A8B5;O 4;O =570:>==>3> CA:>@5=8O ?@>F54C@ @5H5=8O 53> ?@>1;5<.
=B5@5A=K< O2;ONBAO <>B82K <5=LH8=AB20, :>B>@K5 @5H8;8 =5 4020BL 27OB:8, 0 ?>?@>1>20BL @5H8BL ?@>1;5<C 70:>==K< ?CB5<. 0:>20 ?@8G8=0 B0:>3> ?>2545=8O? (B01;8F0 !16).
5 <>3;8 1K K =0720BL >A=>2=CN ?@8G8=C, ?> :>B>@>9 K =5 AB0;8 4020BL 27OB:C.
"01;8F0 !16
!0;84=K5 7=0G5=8O% >B >B25B82H8E1;O <5=O MB> 1K;> A;8H:>< 4>@>3>16,82=5 1K;> ?@>B82=> MB> 45;0BL10,53/ =5 7=0N, :0: MB> 45;05BAO, =5C4>1=>8,74/ ?@8=F8?80;L=> =5 40N 27OB>:, 4065 5A;8 2A5 MB> 45;0NB26,95/ <>3C 4>18BLAO A2>53> 8 157 27OB>:, 4@C38< ?CB5<23,46/ 1>O;AO, GB> <5=O ?>9<0NB 8 =0:06CB1,77@C3>56,680B@C4=ONAL >B25B8BL5,2B>3> >B25B82H8E100
0: 2848<, 0=B8:>@@C?F8>==>5 ?>2545=85 AD>@<8@>20=> C 26,9% @5A?>=45=B>2, 4;O :>B>@KE =5?@85<;5< A0< D0:B ?5@540G8 27OB:8. ;87:> : MB>9 ?>78F88 @5A?>=45=B>2 =0E>4OBAO 8=48284K, :>B>@K5 87 GC2AB20 ?>2KH5==>9 1@573;82>AB8 =5 40NB 27OB>:   10,5%.
KA>:85 :>@@C?F8>==K5 @0AF5=:8 4;O 16,8% @5A?>=45=B>2 O2;ONBAO >1J5:B82=K< D0:B>@>< 2KB5A=5=8O 87 :@C30 27OB:>40B5;59.
=B5@5A=0 3@C??0 @5A?>=45=B>2, :>B>@K5 <>3CB 4>18BLAO A2>53> 8 157 27OB>:, 4@C38< ?CB5<   MB> 23,4%. ;O =8E A0< D0:B 40G8 27OB:8 <0;>25@>OB5=, => MB> =5 8A:;NG05B 4@C385 :>@@C?F8>==K5 <5E0=87<K 2708<>459AB28O 40==KE @5A?>=45=B>2 4;O 4>AB865=8O 65;05<>3>.
>@@C?F8O :0: =5:0O A>F80;L=0O ?@0:B8:0 ?>@>6405B F5=>2>5 >?@545;5=85 @K=:0 CA;C3. ">@3 2545BAO =5 B>;L:> ?> ?>2>4C F5=K, => 8 ?> ?>2>4C ?@028; 55 CAB0=>2;5=8O.
1I8< <=5=85< 1>;LH8=AB20 @5A?>=45=B>2 1K;0 ?>78F8O, GB> :>@@C?F8>==K9 A5:B>@ M:>=><8:8 A2O70= A @0A?@545;5=85< 3>AC40@AB25==KE @5AC@A>2, B0:8E :0: 3>A70:C?:8, 3>A70:07, 75<5;L=K5 @5AC@AK, <C=8F8?0;L=0O =542868<>ABL, 2 >A=>2=>< MB8. 
 B01;8F5 !17 ?@82545=K 40==K5 @5A?>=45=B>2, :>B>@K5 ?>B@0B8;8 2 @C1;52>< M:2820;5=B5 (CA@54=5==K5 ?>78F88) 45=56=K5 A@54AB20 4;O @5H5=8O A2>8E A>F80;L=KE ?@>1;5<.
"01;8F0 !17
15. @8 @5H5=88 :0:>9 ?@>1;5<K, 2 :0:>9 A8BC0F88 ?@>87>H5; MB>B A;CG09, :>340 2K ?>=O;8, ?>GC2AB2>20;8, GB> 157 27OB:8, ?>40@:0 0< A2>N ?@>1;5<C =5 @5H8BL? 0@B>G:C 15. , ?>7.1-18. N1>5 G8A;> >B25B>219. 5 <>3;8 1K K ?@8?><=8BL, A:>;L:> ?@81;878B5;L=> K ?>B@0B8;8 2 @C1;OE =0 MBC 27OB:C (!:>;L:> AB>8; ?>40@>:, ?>4=>H5=85, ?@81;878B5;L=0O, =0 0H 273;O4, F5=0 CA;C38)?": !@54=558;?;>I04L: ?>;CG8BL 8 (8;8) >D>@<8BL N@848G5A:>5 ?@02> =0 =55, ?@820B870F8O 8 B.?.5049441 5H5=85 ?@>1;5< 2 A2O78 A ?@87K2>< =0 2>5==CN A;C61C4537500>18BLAO A?@0254;82>AB8 2 AC456436320C7: ?>ABC?8BL, ?5@525AB8AL 87 >4=>3> 2C70 2 4@C3>9, M:70<5=K 8 70G5BK, 48?;>< 8 B.?.216233540@538AB@8@>20BL A45;:8 A =542868<>ABLN (4><0, :20@B8@K, 30@068 8 B.?.)2419200>;CG8BL ?><>IL 8 70I8BC 2 <8;8F8837185215<5;L=K9 CG0AB>:: ?@8>1@5AB8 (4;O 40G8 8;8 2545=8O A2>53> E>7O9AB20) 8 (8;8) >D>@<8BL ?@02> =0 =53>4017160 01>B0: ?>;CG8BL =C6=CN 8;8 >15A?5G8BL ?@>42865=85 ?> A;C6155915074(:>;0: ?>ABC?8BL 2 =C6=CN H:>;C 8 CA?5H=> 55 >:>=G8BL, >1CG5=85, 27=>AK, 1;03>40@=>AB8 8 B.?.106133655=A88: >D>@<;5=85, ?5@5AG5B 8 B.?.2513050!>F80;L=K5 2K?;0BK: >D>@<;5=85 ?@02, ?5@5AG5B 8 B.?.3212058>H:>;L=K5 CG@5645=8O (?>ABC?;5=85, >1A;C6820=85 8 B.?.)13510336 1>;L=8F5 (A5@L57=>5 ;5G5=85, >?5@0F8O, =>@<0;L=>5 >1A;C6820=85 8 B.?.)55710277>;CG5=85 15A?;0B=>9 <548F8=A:>9 ?><>I8 2 ?>;8:;8=8:5 (0=0;87K, ?@85< C 2@0G0 8 B.?.)1619722>;CG8BL @538AB@0F8N ?> <5ABC 68B5;LAB20, ?0A?>@B 8;8 703@0=8G=K9 ?0A?>@B, @07@5H5=85 =0 >@C685 8 B.?.219455#@53C;8@>20BL A8BC0F8N A 02B>8=A?5:F859 (?>;CG5=85 ?@02, B5E>A<>B@, =0@CH5=85 ?@028; 4>@>6=>3> 42865=8O 8 B.?.)2397785>;CG8BL CA;C38 ?> @5<>=BC, M:A?;C0B0F88 68;LO404937":401013091
0: 2848<, =081>;55 :@C?=K9 @07<5@ A@54=8E 27OB>: ?@8 @5H5=88 68;8I=KE 2>?@>A>2, 2 AC451=>9 A8AB5<5 8 ?@8 ?>?KB:5 C:;>=5=8O >B 2>8=A:>3> ?@87K20.
B0:, 2A53> 2 :>@@C?F8>==CN A8BC0F8N ?>?0405B 30% =0A5;5=8O.
23% 40NB 27OB:8, 7% =5B (>B >?@>H5==KE) 8;8 75% (23,1/100-69,8) ?>?02H8E 2 A8BC0F8N 40NB 27OB:8.
A=>2=K5 <5AB0   1>;L=8F0 8 , =0 B@5BL5<   ?>ABC?;5=85 2 2C7.
!;54C5B >B<5B8BL, GB> =0 <=5=85 =0A5;5=8O ?> ?>2>4C :>@@C<?8@>20==>AB8 AB@C:BC@ 2;8O5B B0:>9 D0:B>@, :0: G0AB>B0 >1@0I5=89 3@0640= : B5< 8;8 8=K< A>F80;L=K< 8=AB8BCB0<, >ACI5AB2;ONI8< N@848G5A:8 7=0G8<K5 459AB28O.  ?@8<5@C, =081>;55 @0A?@>AB@0=5=K :0: ?> >E20BC 3@0640=, B0: 8 ?> G0AB>B5 >1@0I5=89 <548F8=A:85 CG@5645=8O, 45BA:85 A04K, H:>;K, 2C7K, ?@02>>E@0=8B5;L=K5 >@30=K.
A;8 7040BLAO F5;LN D>@<0;87>20BL ;N1K5 459AB28O A;C60I53>, B> :>@@C?F8O 5A;8 8 =5 8AG57=5B, B> 70<5B=> A>:@0B8BAO. @8 MB>< 2>7@0AB5B =5045:20B=>ABL C?@02;5=8O, =5 3>2>@O C65 > 70B@0B0E =0 :>=B@>;8@CNI89 0??0@0B. 1I5AB2> 70?;0B8B 70 1>@L1C A :>@@C?F859 A;8H:>< 1>;LHCN F5=C. >MB><C 7040G0 3>AC40@AB20 A>AB>8B =5 2 C=8GB>65=88 :>@@C?F88 (GB> =52>7<>6=>), 0 2 >3@0=8G5=88 55 =0 C@>2=5 @02=>25A8O A>F80;L=>-M:>=><8G5A:8E 2K3>4 8 @0AE>4>2, A2O70==KE A MB8< >3@0=8G5=85<.
! 4@C3>9 AB>@>=K, :>;;5:B82=>5 >1I5AB25==>5 <=5=85 A?>A>1=> >AC48BL 459AB28O (=0?@8<5@, ?@5A;>2CB0O :>@>1:0 :>=D5B, :0: 1;03>40@=>ABL 2@0GC   745AL =5B ?@02>=0@CH5=8O), 2 :>B>@KE 70:>= =5 =0945B A>AB020 ?@5ABC?;5=8O, 8, =0>1>@>B, >?@0240BL A>1AB25==K5 ?>ABC?:8, B@0:BC5<K5 70:>=>< :0: :>@@C?F8O (=0?@8<5@, 4>3>2>@8;AO A A>B@C4=8:>< , GB>1K >= =5 70<5B8; =0@CH5=8O ).
 5:><5=40F88:
1. !>740BL CA;>28O 4;O 2>7<>6=>AB8 4>ABC?0 3@0640=, >1I5AB25==>AB8 8 A@54AB2 <0AA>2>9 8=D>@<0F88 : 4>:C<5=B0< >@30=>2 3>AC40@AB25==>9 8 <C=8F8?0;L=>9 2;0AB8, : M:A?5@B=K< >F5=:0<.
2. =B5=A8D8:0F8O @01>BK ?> C?@>I5=8N 04<8=8AB@0B82=KE ?@>F54C@, 2 :>B>@KE CG0AB2CNB 3@0640=5; CAB0=>2;5=85 B@51>20=89, ?@54JO2;O5<KE : =8<; A8AB5<0B8G5A:89 >B7K2 ?5@5A5:0NI8EAO 8=AB@C:F89 8 =>@<0B82>2.
3.5.>A?@8OB85 :>@@C?F88 8 2>2;5G5==>ABL 2 :>@@C?F8>==K5 ?@0:B8:8 <0;>3> 8 A@54=53> 187=5A0 8 8=KE E>7O9AB2CNI8E AC1J5:B>2.
KAB@0820=85 ?@>1;5<0B8:8 :>@@C?F8>==>9 A>AB02;ONI59 2 AD5@5 <0;>3> 8 A@54=53> 187=5A0 2  5A?C1;8:5 "0B0@AB0= 8<55B 2 A2>5< >A=>20=88 ?@54?>AK;:8 2 2845 A:;04K20NI8EAO 2=5H=8E CA;>289, B0:8E :0: :@878A=K5 F8:;K 2 M:>=><8:5 AB@0=K 2 F5;>< 8 >1I85 B5=45=F88 @>AA89A:>3> <0AHB010 2 40==>< =0?@02;5=88. > <=5=8N >1K20B5;O, :>@@C?F8O 2 @>AA89A:>9 ?@54?@8=8<0B5;LA:>9 ?@0:B8:5   O2;5=85 8AB>@8G5A:>5 8 =58A:>@5=8<>5, 2?8A0==>5 2 <5=B0;L=>ABL. @8:;04=K5 8AA;54>20=8O 2 40==>9 AD5@5 ?>:07K20NB =5A:>;L:> 8=K5 @57C;LB0BK. A=>2>9 845>;>388 ?@54AB02;5==>3> 8AA;54>20=8O 2KABC?8;0 845O 2A5AB>@>==53> 15A?@8AB@0AB=>3> >1J5:B82=>3> 0=0;870 A8BC0F88 A :>@@C?F8>==K<8 ?@>O2;5=8O<8 8 ?@>B82>459AB285< 8< 2  5A?C1;8:5 "0B0@AB0=. 
1J5:B>< 8AA;54>20=8O 2KABC?8;8 AC1J5:BK <0;>3> 8 A@54=53> ?@54?@8=8<0B5;LAB20  5A?C1;8:8 "0B0@AB0=.
@54<5B 8AA;54>20=8O   >A>15==>AB8 ?@>O2;5=8O :>@@C?F88 2 AD5@5 <0;>3> 8 A@54=53> ?@54?@8=8<0B5;LAB20 2  5A?C1;8:5 "0B0@AB0=.
&5;L 8AA;54>20=8O   @07@01>B:0 @5:><5=40F89 ?> 2708<>459AB28N 2;0AB8 8 187=5A0, =0?@02;5==KE =0 ?>2KH5=85 MDD5:B82=>AB8 @53C;8@>20=8O AD5@K <0;>3> 8 A@54=53> ?@54?@8=8<0B5;LAB20 8 A>740=8O 4;O =53> 1;03>?@8OB=KE CA;>289 @0728B8O.
040G8 8AA;54>20=8O:
1.KO2;5=85 >A=>2=KE ?@8G8= ?@>O2;5=8O :>@@C?F88 2 A@545 <0;>3> 8 A@54=53> 187=5A0  5A?C1;8:8 "0B0@AB0=.
2.?@545;5=85 <0AHB01>2, 48=0<8:8 8 >A=>2=KE AD5@ ?@>O2;5=8O :>@@C?F88.
3.7CG5=85 ?@0:B8:8 :>@@C?F88 8 >A>15==>AB59 :>@@C?F8>==>3> ?>2545=8O ?@54?@8=8<0B5;59.
4.=0;87 ?@0:B8:8 2708<>459AB28O ?@54?@8=8<0B5;59 A G8=>2=8:0<8 @07=>3> C@>2=O.
5. 07@01>B:0 @5:><5=40F89 ?> ?@>B82>459AB28N :>@@C?F88 2 AD5@5 <0;>3> 8 A@54=53> 187=5A0  5A?C1;8:8 "0B0@AB0=.
=0;87 ?>AB@>5= =0 <0B5@80;0E <0AA>2>3> >?@>A0 (500 @5A?>=45=B>2 F5;52>9 3@C??K) ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0. 
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
4=8< 87 ?5@2>AB5?5==KE :@8B5@852 >F5=:8 2>7<>6=KE AD5@ :>@@C?F8>==>AB8 @538>=0 2KABC?05B AB5?5=L CG0AB8O ?@54AB028B5;59 187=5A-A>>1I5AB20 2 B5=45@=KE B>@30E. 064K9 45AOBK9 87 ?@54AB02;5==KE 2 >?@>A5 ?@54?@8=8<0B5;59 CG0AB2>20; 70 ?>A;54=85 420 3>40 2 B5=45@0E, 67,7% 87 CG0AB2>202H8E 2K83@0;8 B5=45@, 72,4% 87 >1I53> G8A;0 CG0AB2>202H8E AG8B0NB, GB> B5=45@ 1K; ?@>2545= G5AB=> 8 B>;L:> 11,8% ?@54?@8=8<0B5;59 3>2>@OB, GB> >1JO2;O5<K5 B5=45@K 8<5NB A;8H:>< 1>;LHCN :>@@C?F8>==CN A>AB02;ONICN. 75,2% @5A?>=45=B>2 ?>AG8B0;8, GB> 5A;8 D8@<0 2K83@K205B 3>AC40@AB25==K9 B5=45@ =0 AB@>8B5;LAB2> ?> F5=5 2 =5A:>;L:> @070 1>;LH59, G5< ?@8=OB0 =0 @K=:5 AB@>8B5;LAB20, B> MB> D0:B :>@@C?F88. "> 5ABL, ?> >F5=:5 187=5A-A>>1I5AB20, 27OB>G=8G5AB2> 2 ?>;L7C @0728B8O A>1AB25==>3> 187=5A0 ?@85<;5<>, 0 ?>1540 :>=:C@5=B0 2 1>@L15 A ?><>ILN 27OB:8 4>;6=>AB=><C ;8FC   D0:B :>@@C?F88.
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
>@074> =865 >F5=:0 ?@8=04;56=>AB8 :>@@C?F88 2708<>459AB289 187=5A0, 3>AC40@AB25==KE 8 <C=8F8?0;L=KE A;C60I8E. A;8 G8=>2=8: ?@8=8<05B ?@83;0H5=85 187=5A<5=0 ?>C68=0BL 2 @5AB>@0=5 ?>A;5 @5H5=8O MB8< G8=>2=8:>< ?@>1;5<K 187=5A<5=0, B> B>;L:> 57,7% 187=5A<5=>2 AG8B0NB MB> 27OB:>9, 0 CA:>@5=85 A@>:>2 ?@8=OB8O @5H5=8O 2 A;>6=>9 A8BC0F88, 70 ?>40@>: >B ?@54?@8=8<0B5;O G8=>2=8:C 27OB:>9 AG8B0NB 68,3% 187=5A<5=>2, B> 5ABL ?>@O4:0 ?>;>28=K MB>3> 27OB:>9 =5 AG8B0NB. @8 MB>< 43,8% 187=5A<5=>2 >B<5G0NB, GB> 1>;LH8=AB2> 3>AC40@AB25==KE A;C60I8E 15@CB 27OB:8, 0 41,1% >B=>AOB MB> 8 : <C=8F8?0;L=K< A;C60I8<, 5I5 23,8% AG8B0NB, GB> 15@5B 27OB:8 B>;L:> ?>;>28=0 G8=>2=8:>2. 
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
!B>8B >B<5B8BL, GB> G8A;> AG8B0NI8E, GB> 27OB:8 2 ?>2A54=52=>9 187=5A-45OB5;L=>AB8 <>6=> =5 4020BL, 8 >B:0702H8EAO >B25G0BL =0 MB>B 2>?@>A A>AB028;8 8 2 B><, 8 2 4@C3>< A;CG05 ?>@O4:0 40%. ">;L:> 13,1% >?@>H5==KE AG8B0NB, GB> 27OB:8   MB> =5>1E>48<0O G0ABL =0H59 687=8, 0 2>B B>, GB> 27OB>: <>6=> 8 =C6=> 871530BL, AG8B0NB 33,5% 8 50,1% A>>B25BAB25==>. '5B25@BL @5A?>=45=B>2 >B 187=5A0 3>2>@OB, GB> :>@@C?F8O   MB> 8725G=0O =587;5G8<0O ?@>1;5<0 @>AA89A:>3> >1I5AB20, 31,1% ?>;030NBAO 2 @5H5=88 40==>9 ?@>1;5<K =0 @C:>2>4AB2> AB@0=K 8 @538>=0, 43,6% AG8B0NB MB> ?> A8;0< B>;L:> 2A5<C >1I5AB2C 2 F5;>< 2> 2708<>459AB288. A;54AB285 G53> @5H5=85 ?@>1;5<K :>@@C?F88, ?> <=5=8N ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0, 2>7<>6=> A ?@8<5=5=85< 42CE B5E=>;>389: ?@5645 2A53>, =04> CAB@0=OBL CA;>28O, ?>@>640NI85 :>@@C?F8N (N@848G5A:85, M:>=><8G5A:85 8 B.?.)   44,0%, 2> 2B>@CN >G5@54L =5>1E>48<> 15A?>I04=> =0:07K20BL 2A5E :>@@C?F8>=5@>2   32,9%. @54?@8=8<0B5;8 3>B>2K ?>445@60BL A;54CNI85 <5B>4K 1>@L1K A :>@@C?F859: >15A?5G5=85 <0:A8<0;L=>9 ?@>7@0G=>AB8 ?@8=OB8O 8 @50;870F88 @5H5=89 (82,0%), CA8;5=85 C3>;>2=>9 >B25BAB25==>AB8 70 27OB:8   :0: 4;O 15@CI8E, B0: 8 40NI8E (71,1%), 22545=85 >1@07>20B5;L=KE 0=B8:>@@C?F8>==KE ?@>3@0<< 4;O =0A5;5=8O 70 AG5B 1N465B0 (54,5%), AB8<C;8@>20=85, 2 B>< G8A;5 <0B5@80;L=>5, A>>1I5=89 3@0640= > :>@@C?F8>==KE ?@02>=0@CH5=8OE (49,2%). >B>2K 2:;NG8BLAO 2 @50;L=CN, A5@L57=CN 4>;3>A@>G=CN 1>@L1C A :>@@C?F859 2 @5A?C1;8:5 37,7% ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0. A=>2=>9 ?@8G8=>9, ?>1C640NI59 187=5A : :>@@C?F88, @5A?>=45=BK =07K20NB =570I8I5==>ABL 53> 2  5A?C1;8:5 "0B0@AB0= (39,2%), 0 :>@@C?F8N   :0: A?>A>1 A0<>70I8BK. 728=ONI8< >1AB>OB5;LAB2>< 4;O :>@@C?F8>=5@0 2 AC45 187=5A<5=K AG8B0NB >B25B 5=O 70AB028;> =0G0;LAB2>, A :>B>@K< O 4>;65= 45;8BLAO   42,1%, 0 A0<8 O2;5=8O :>@@C?F88 2 A2>59 A@545 187=5A<5=K D8:A8@CNB =5 1>;55 >4=>3> @070 2 3>4 (20,1%), 0 1>;55 ?>;>28=K >?@>H5==KE (53,6%) 70B@C4=8;8AL A >B25B>< >B=>A8B5;L=> G0AB>BK. 1JOA=8BL MB> <>6=> B5<, GB> 2A5 B0:65 1>;55 ?>;>28=K >?@>H5==KE ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 (58,9%) =5 ?>?040;8 2 :>@@C?F8>==CN A8BC0F8N 8 B>;L:> 18,4% @5A?>=45=B>2 CB25@640NB, GB> 2 0=0;>38G=CN A8BC0F8N >=8 ?>?040;8. !@548 A0<KE @0A?@>AB@0=5==KE, ?>AB>O==KE A;CG052 B0:>3> ?>?040=8O: ?>;CG5=85 2>7<>6=>AB8 0@5=4>20BL ?><5I5=8O 4;O @01>BK =0 ;L3>B=KE CA;>28OE   10,9%, ?>;CG5=85 3>AC40@AB25==>3> (@538>=0;L=>3>, <C=8F8?0;L=>3>) 70:070   10,3%, A<O3G5=85 B@51>20=89 ?@8 ?@>25@:0E :>=B@>;8@CNI8E >@30=>2   9,2%. 8:>340 =5 ?@8E>48;>AL ?@81530BL : AB8<C;8@>20=8N 2 B>9 8;8 8=>9 D>@<5 4>;6=>AB=>3> ;8F0 4;O @5H5=8O ?@>1;5< A2>53> 187=5A0 71,5% @5A?>=45=B>2, 0 5A;8 8 ?@8E>48;>AL, B> 2 =081>;LH5< :>;8G5AB25 A;CG052 ?@>1;5<K 2>7=8:0;8 =0 C@>2=5 8A?>;=8B5;L=KE >@30=>2 2;0AB8 @5A?C1;8:8 8 <C=8F8?0;L=KE >1@07>20=89, ?> 1>;LH59 G0AB8 ?> 2>?@>A0< A<O3G5=8O B@51>20=89 ?@8 ?@>25@:0E :>=B@>;8@CNI8E >@30=>2. 
!>3;0A85 A B0:8< ?>;>65=85< 25I59 >B=>A8B5;L=> :>@@C?F88 2 @5A?C1;8:5 2KA:070;8 36,9% @5A?>=45=B>2, AG8B0O, GB> 40G0 27OB:8   MB> A2>53> @>40 1;03>40@=>ABL 70 ?><>IL, 0 30,3% >?@>H5==KE AG8B0NB, GB> :>=5G=>, <>6=> 1K;> =5 4020BL, => B>340 1K;> 1K AB>;L:> <>@>:8 8 ?@>AB> 1K;> 60;:> 2@5<5=8 8 A8;. @8 >F5=:5 >1J5<0 27OB:8 >B <5AOG=>9 2K@CG:8 2 45AOBKE 4>;OE @07>H;>AL :>;8G5AB2> @5A?>=45=B>2, CB25@6402H8E, GB> :>@@C?F8>==KE 2K?;0B >=8 =5 45;0;8 (43,9%) 8 >B:0702H8EAO >B >B25B0 (43,7%).  2>7<>6=>< 70:@KB88 187=5A0 ?@8 2A5E ?@>G8E CA;>28OE 2 1;8609H85 420 3>40 2KA:070;8AL 2 >1I59 A;>6=>AB8 ?>@O4:0 13%. 0==0O F8D@0 2?>;=5 :>@@5;8@C5BAO A 70D8:A8@>20==>9 F8D@>9 ?@>F5=B0 A;CG052 :>@@C?F88 2 AD5@5 <0;>3> 8 A@54=53> 187=5A0, 0 2 F5;>< 4>2>;L=K A2>8< 187=5A>< 64,8% @5A?>=45=B>2. 0 D>=5 G53> 1>;55 G5B25@B8 (28,4%) ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 >ICB8;8, GB> ?@>B82>459AB285 :>@@C?F88 2  5A?C1;8:5 "0B0@AB0= 2 ?5@8>4 A 2008 ?> 2015 3>4K 2>7@>A;>. @8 MB>< 8=B5@5ACNBAO 8=D>@<0F859 ?> :>@@C?F88, ?@54>AB02;O5<>9 !, 40,2% @5A?>=45=B>2, 29,5% MB0 8=D>@<0F8O =5 8=B5@5A=0, 0 24,1% @5A?>=45=B>2 >B:@>25==> =5 4>25@ONB ! 2 MB>< 2>?@>A5. 
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
!0<8 65 ?@54AB028B5;8 >@30=>2 2;0AB8 AG8B0NB, GB> 2 40==>< =0?@02;5=88 @01>B0 70 ?>A;54=55 2@5<O ACI5AB25==> 0:B82878@>20;0AL: 0 A0<>< 45;5, 5A;8 1@0BL =0H 3>A>@30=, O <>3C >4=> A:070BL   459AB28O, 157CA;>2=>, 5ABL A8AB5<0B8G5A:85, ?>;8B8:0 ?@>2>48BAO. G5=L <=>3> 7028A8B 5I5 >B @C:>2>48B5;O ?@8=F8?80;L=>3>. @> =0H >@30= <>3C A:070BL, =0H @C:>2>48B5;L A8AB5<=> 27O;AO 70 MB>B 2>?@>A, >= =5 @02=>4CH5= : MB><C 2>?@>AC, :0:85-B> 459AB28O A 53> AB>@>=K >G5284=K. !8AB5<0 B0 65, ?> :@09=59 <5@5, >=0 ACI5AB2>20;0 8 @0=LH5. !2545=8O > 4>E>40E 8 @0AE>40E B>340 2A5 A4020;8, A59G0A >?@545;5==K9 :@C3 4>;6=>AB=KE ;8F, 0 B>340 ?>3>;>2=> 2A5 A4020;8, <5E0=87< @01>B05B.  B5?5@L ?@8H5; =>2K9 @C:>2>48B5;L, >= AG8B05B MB> >A=>2=K< =0?@02;5=85< 45OB5;L=>AB8.
 @59B8=35 A0<KE :>@@C?F8>==KE AD5@ 45OB5;L=>AB8 C ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 ;848@CNB: C;06820=85 ?@>1;5< A  (57,2%), ?@>?;0G5==0O 70:>=>B2>@G5A:0O 45OB5;L=>ABL 45?CB0B>2 (49,1%), ?@>?;0G5==K5 @5H5=8O AC40 2 GLN-;81> ?>;L7C (42,4%). 
!0<K<8 ACI5AB25==K<8 ?@5?OBAB28O<8 2 2545=88 187=5A0 2  5A?C1;8:5 "0B0@AB0= @5A?>=45=BK ?>AG8B0;8 2KA>:89 C@>25=L =0;>3>2KE AB02>:, =5A>25@H5=AB2> =0;>3>2>3> 70:>=>40B5;LAB20 8 70B@0B=>ABL A>1;N45=8O 2A5E ?@02>2KE =>@< 2 AD5@5 2545=8O 187=5A0. A5 B@8 ?@8G8=K 20@L8@CNBAO 2 ?@545;0E 30-40% 3>;>A>2 >?@>H5==KE.  5H5=85 2>?@>A0 A :>@@C?F859 2 ;8F5 >1I5AB25==>3> :>=B@>;O 284OB 41,5% @5A?>=45=B>2, 4><8=0=B=0O @>;L ?@8 MB>< >B2>48BAO 1I5AB25==><C A>25BC ?@8   $ (19,3%). 
"0:8< >1@07><, >1ICN E0@0:B5@8AB8:C 2>A?@8OB8O <0;K< 8 A@54=8< 187=5A><  5A?C1;8:8 "0B0@AB0= ?@>1;5<K :>@@C?F88 <>6=> 40BL A:2>7L ?@87<C 42CE :@8B5@852 >F5=:8 O2;5=8O: A2>1>4K 2545=8O 187=5A0 2 @5A?C1;8:5 8 AB5?5=8 CG0AB8O ?@54AB028B5;59 40==>9 3@C??K 2 :>@@C?F8>==KE ?@>O2;5=8OE. @><5 B>3>, >1CA;>2;820NI8<8 >10 :@8B5@8O O2;ONBAO A>2>:C?=>ABL D0:B>@>2 :0: 2=CB@5==53> (4>ABC?=>ABL <0;><C 8 A@54=5<C 187=5AC CG0AB8O 2 B>@30E, ?@>1;5<K A 0@5=4>9 =542868<>AB8, MDD5:B82=>ABL @01>BK >@30=>2 3>AC40@AB25==>9, @538>=0;L=>9 8 <C=8F8?0;L=>9 2;0AB59 2> 2708<>459AB288 A 187=5A-A>>1I5AB2>< 8 B.4.), B0: 8 2=5H=53> (?@>@01>B0==>ABL 70:>=>40B5;L=>9 107K :0: D545@0;L=>3>, B0: 8 @5A?C1;8:0=A:>3> C@>2=59, >1I5M:>=><8G5A:85 CA;>28O 4;O 2545=8O 187=5A0, A2O70==K5 A F8:;8G=>ABLN M:>=><8G5A:8E :@878A>2 8 B.4.) ?>@O4:0.
>2>@O >1 >1J5:B82=KE CA;>28OE, D>@<8@CNI8E >B=>H5=85 ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 : :>@@C?F8>==K< ?@>O2;5=8O< 2  5A?C1;8:5 "0B0@AB0=, 2 ?5@2CN >G5@54L =5>1E>48<> >1>7=0G8BL 2>7<>6=>AB8 CG0AB8O 53> 2 M:>=><8G5A:8E 8=8F80B820E @5A?C1;8:8 8 <C=8F8?0;8B5B>2. > @57C;LB0B0< 8AA;54>20=8O B5=45@=0O 4>ABC?=>ABL 4;O <0;>3> 8 A@54=53> 187=5A0 2  5A?C1;8:5 "0B0@AB0= 8<55B 4>AB0B>G=> 2KA>:85 ?>:070B5;8. 064K9 45AOBK9 ?@54?@8=8<0B5;L 2 B5G5=85 ?>A;54=8E 42CE ;5B ?@8=8<0; CG0AB85 2 B5=45@=KE B>@30E, 67,7% 87 CG0AB2>202H8E 2K83@0;8 B5=45@. >?@5:8 A;>682H5<CAO 2 >1I5AB25==>< <=5=88 AB5@5>B8?C, B5=45@=K5 B>@38 2 @5A?C1;8:5 ?@>E>4OB 2 1>;LH8=AB25 A;CG052 ;530;L=> 8 70:>==>. "0:, 72,4% 87 >1I53> G8A;0 >?@>H5==KE ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0, 2K83@02H8E B5=45@, AG8B0NB, GB> B>@38 1K;8 ?@>2545=K G5AB=>, :>@@C?F8>==>9 A>AB02;ONI59 2 =8E =5 =01;N40;>AL. 
B=>H5=8O ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 @5A?C1;8:8 ?> D0:B0< :>@@C?F88 A A8;>2K<8 AB@C:BC@0<8 =>AOB 42>O:89 E0@0:B5@. !C451=>5 @5H5=85 E>7O9AB25==KE A?>@>2 <564C 42C<O D8@<0<8 2 ?>;L7C 27OB:>40B5;O 91,3% @5A?>=45=B>2 >F5=820NB :0: :>@@C?F8>==CN A>AB02;ONICN, @02=> :0: 8 >?;0BC A>B@C4=8:0< ?>;8F88 70 >15A?5G5=85 157>?0A=>AB8 :><<5@G5A:>9 D8@<K, 40NI59 27OB:C (72,0%). 7OB:8 B0:>3> E0@0:B5@0 65AB:> ?>@8F0NBAO @5A?>=45=B0<8, => AG8B0NBAO =5>BJ5<;5<>9 G0ABLN 187=5A0. 
!8BC0F8O =5A:>;L:> <O3G5 2> 2708<>>B=>H5=8OE A >@30=0<8 3>AC40@AB25==>9 8 <C=8F8?0;L=>9 2;0AB8. > <=5=8N CG0AB=8:0 M:A?5@B=>3> >?@>A0: A;8 ?>A<>B@5BL, GB> B0:>5 :>@@C?F8O? >@@C?F8O   MB> A@0I5=85 D8=0=A>2>3> :0?8B0;0 A C?@02;5=G5A:8< 0??0@0B><. >AB0B>G=> G5B:0O ?>AB0=>2:0 2>?@>A0. 4=0:> >?@>A <0AA>2>3> <=5=8O ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 2  5A?C1;8:5 "0B0@AB0= 405B 1>;55 ?>;=CN @0AH8D@>2:C :>=:@5B=>3> 2845=8O :>@@C?F8>==KE A2O759 ?@54?@8=8<0B5;O 8 G8=>2=8:0. #68= A G8=>2=8:>< 70 AG5B 187=5A<5=0 B>;L:> 57,7% 187=5A<5=>2 AG8B0NB 27OB:>9. #A:>@5=85 A@>:>2 ?@8=OB8O @5H5=8O 2 A;>6=>9 A8BC0F88 G8=>2=8:0<8 @07=>3> C@>2=O 70 ?>40@>: >B ?@54?@8=8<0B5;O 27OB:>9 AG8B0NB 68,3% 187=5A<5=>2. B<5B8<, GB> ?>@O4:0 ?>;>28=K @5A?>=45=B>2 :>@@C?F8>==>5 A>B@C4=8G5AB2> A ?@54AB028B5;O<8 >@30=>2 3>AC40@AB25==>9 2;0AB8 =5 AG8B0NB >B:;>=5=85< >B =>@<0B82=>3> ?>2545=8O 2 AD5@5 ?@54?@8=8<0B5;LAB20. >@O4:0 40-45% ?@54?@8=8<0B5;59 C25@5=K, GB> 3>AC40@AB25==K5 8 <C=8F8?0;L=K5 A;C60I85 2 1>;LH8=AB25 A2>5< 15@CB 27OB:8. I5 23,8% 187=5A<5=>2 @5A?C1;8:8 AG8B0NB, GB> 15@CB 27OB:8 B>;L:> ?>;>28=0 G8=>2=8:>2. 7 G53> A;54C5B, GB> :>@@C?F8>==K5 2708<>>B=>H5=8O <564C ?@54?@8=8<0B5;O<8 8 G8=>2=8:0<8, ?> :@09=59 <5@5 =0 C@>2=5 ?>4A>7=0=8O 187=5A-A>>1I5AB20, 2>H;8 2 ?@0:B8:C. 0==K5 F8D@K :>@@5;8@CNB A G8A;>< AG8B0NI8E 27OB:C 2 ?>2A54=52=>9 187=5A-45OB5;L=>AB8 =5 >1O70B5;L=K< O2;5=85<, 157 :>B>@>3> <>6=> >1>9B8AL. 8HL 13,1% >?@>H5==KE ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 AG8B0NB, GB> 27OB:8   MB> =5>1E>48<0O G0ABL 2545=8O 187=5A0 2 @5A?C1;8:5. !B>@>==8:>2 B>3>, GB> 27OB>: <>6=> (33,5%) 8 =C6=> (50,1%) 871530BL A@548 ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 @5A?C1;8:8 7=0G8<>5 :>;8G5AB2>.
 A2O78 A MB8< 8=B5@5A=K A>2>:C?=K5 2K45@6:8 87 8=B5@2LN ?@54?@8=8<0B5;59, :>B>@K5 B578A=> <>6=> 87;>68BL B0:: @54?@8=8<0B5;8 N@848G5A:8 ?>4:>20=K, A:;>==K @5H0BL 2>?@>AK 2 AC45. >4>1=> =0A5;5=8N, <>3CB 2845BL :>@@C?F8>==CN A8BC0F8N B0<, 345 55 =5B 8 4065 C<KH;5==> 2BO3820BL ?@54AB028B5;59 3>A>@30=>2 2 AC451=>5 @0718@0B5;LAB2> @048 4>AB865=8O F5;8. >@@C?F8O 2 AD5@5 187=5A0 G0I5 2A53> 2>7=8:05B B0<, 345 5ABL G0AB>5 <56;8G=>AB=>5 2708<>459AB285: ?>O2;ONBAO ?>A@54=8:8, A>18@0NI85 27OB:8, O:>1K ?>4 :>=:@5B=>3> G8=>2=8:0, => =0 45;5 >AB02;ONI85 A>1@0==K5 A@54AB20 A515. >;6=0 25AB8AL @01>B0 ?> ?@>D8;0:B8:5 27OB>G=8G5AB20 (87 <0B5@80;>2 M:A?5@B=KE 8=B5@2LN).
@8=F8?80;5= 2>?@>A >1 8=AB@C<5=B0E @50;870F88 B0:8E 2>7<>6=>AB59 871530=8O :>@@C?F88. =8 7028AOB 2 ?5@2CN >G5@54L >B >A=>2=KE ?@8G8=, ?>@>640NI8E 40==>5 O2;5=85 2 @5A?C1;8:5. > <=5=8N ?@54?@8=8<0B5;59  5A?C1;8:8 "0B0@AB0=, >A=>2=>9 ?@8G8=>9 O2;5=8O :>@@C?F88 2 @5A?C1;8:5 O2;O5BAO =5G5B:>ABL 70:>=>2, 40NI0O 2>7<>6=>ABL 8E H8@>:>3> B>;:>20=8O G8=>2=8:0<8   84,9%. =B5@5A5= D0:B >1JOA=5=8O ?@8G8= 4@C3>9 AB>@>=>9   ?@54AB028B5;O<8 A8;>2KE AB@C:BC@: 5;> 2 B><, GB> MB8 10@L5@K, :>B>@K5 A>740NBAO =0 C@>2=5 >@30=>2 3>AC40@AB25==>9 2;0AB8&  >BAB0NB >B B5E 87>I@5==KE A?>A>1>2 45OB5;L=>AB8 :>@@C?F8>=5@>2. @8<5@ 4>AB0B>G=> ?@>AB>9   2A5 7=0NB, GB> 4;O 3>AC40@AB25==KE A;C60I8E >1O70B5;L=> >?C1;8:>20=85 A?@02:8 > 4>E>40E 8 @0AE>40E, 8 2A5 <K B0:65 7=05<, :0: MB8 A?@02:8 8 MBC 8=D>@<0F8N <>6=> A:@KBL >G5=L A?>:>9=>. <CI5AB2> =0 @>48B5;59, ;81> >ACI5AB2;O5BAO D>@<0;L=K9 @072>4 4;O B>3>, GB>1K >B@078BL 8=D>@<0F8N&  >B, ?>60;C9AB0, B0:0O :@0B:0O 8;;NAB@0F8O @01>BK, :>B>@0O ?@>2>48BAO. -B> ?5@2>5. B>@>5   =5 2?>;=5 OA=>, C =8E&  2 >@30=0E 3>AC40@AB25==>9 2;0AB8 2 2>?@>A0E ?@8<5=5=8O <5@ =0:070=8O 8 >B25BAB25==>AB8 : :>@@C?F8>=5@0<. @>:C@0BC@0  $, 3>AC40@AB25==>5 >128=5=85 ?@>A8B 8 ;5B ;8H5=8O A2>1>4K A >BA@>G:>9 8A?>;=5=8O =0:070=8O, >?OBL-B0:8, CA;>2=>. -B>B G5;>25:, :>B>@><C 8=:@8<8=8@C5BAO C3>;>2=>5 45O=85, A2O70==>5 A CI5@1>< 3>AC40@AB2C 2 @07<5@5 M:2820;5=B=><C <8;;8>=0< 8;8 <8;;80@40< 4065. AG8A;5=85 2 <8;;80@40E. 0209B5, A@02=8< 4@C3>9 ?@8<5@. '5;>25: A>25@H8; C3>;>2=>-?@02>2>5 45O=85, 4>?CAB8<, :@06C. >G5<C-B> 5<C 40NB @50;L=K9 A@>:.  745AL @5GL 845B > <8;;80@40E. -B> 2>?@>A >B=>H5=8O 3>AC40@AB20 : :>@@C?F8>=5@0< (87 <0B5@80;>2 D>:CA-3@C??K). !@548 A0<KE :>@@C<?8@>20==KE 3>AC40@AB25==KE AB@C:BC@ @5A?>=45=BK 8AA;54>20=8O >B 187=5A-A>>1I5AB20 =07K20NB A8;>2K5 AB@C:BC@K @5A?C1;8:8: 49,7% ?@8E>48BAO =0 , 36,6%   =0 ?>;8F8N, 35,2%   =0 AC4K. 4=0:>, ?> <=5=8N A0<8E ?@54AB028B5;59 A8;>2KE 254><AB2, ?@>1;5<0 :>@@C<?8@>20==>AB8 AC4>2 =0 A53>4=OH=89 45=L ?@0:B8G5A:8 8AG57;0:  C =0A, O =5 7=0N, >4=> <>3C A:070BL, GB> AC4L8 A59G0A, A;020 1>3C, 5A;8 @0=LH5 A515 ?>72>;O;8 <=>3>, A59G0A&  N1>9 G8E, ;N10O 60;>10. !59G0A, :>=5G=>, ?>@O4>: 5ABL, => B5< =5 <5=55 MB0 @50:F8O. / A;KH0;, >48= G5;>25: >ABC?8;AO, 8 2A5   A8AB5<0. N18< <K 2;0ABL @C30BL. A5340 ;N18;8. B>@0O ?@8G8=0 :>@@C<?8@>20==>AB8, ?> <=5=8N G5B25@B8 >?@>H5==KE ?@54?@8=8<0B5;59,   MB> 8725G=0O ?@>1;5<0 2A59 @>AA89A:>9 8AB>@88.
7 MB8E ?@8G8= 2KAB@08205BAO 8 8=AB@C<5=B0@89 @5H5=8O ?@>1;5<K. 31,1% 187=5A-A>>1I5AB20 ?>;030NBAO 2 @5H5=88 40==>9 ?@>1;5<K =0 @C:>2>4AB2> AB@0=K 8 @538>=0, 43,6% AG8B0NB, MB> ?> A8;0< B>;L:> 2A5<C >1I5AB2C 2 F5;>< 2> 2708<>459AB288. 01;N405BAO :>@@5;OF8O ?>78B82=>3> =0AB@>O 2 @5H5=88 MB>9 >1I5AB25==>9 ?@>1;5<K A8;0<8 A0<>3> >1I5AB20 A :>;8G5AB2>< AG8B0NI8E, GB> 27OB>: <>6=> (33,5%) 8 =C6=> (50,1%) 871530BL. 87=5A-A>>1I5AB2> 8<55B CAB>9G82K9 ?>78B82=K9 =0AB@>9 2 >B=>H5=88 A2>8E 2>7<>6=>AB59 2 ?@>F5AA5 D>@<8@>20=8O >1I5AB25==>9 687=8. 0;>5 8 A@54=55 ?@54?@8=8<0B5;LAB2> @5A?C1;8:8 ?>;0305B, GB>, ?@5645 2A53>, =5>1E>48<> CAB@0=8BL CA;>28O, ?>@>640NI85 :>@@C?F8N (N@848G5A:85, M:>=><8G5A:85 8 B.?.),   44,0% 8, :0: A;54AB285, ?@8<5=OBL 2 >B=>H5=88 :>@@C?F8>=5@>2 =>@<0B82=K5 A0=:F88   32,9%. >B>2K ?>445@60BL A;54CNI85 <5B>4K 1>@L1K A :>@@C?F859: >15A?5G5=85 <0:A8<0;L=>9 ?@>7@0G=>AB8 ?@8=OB8O 8 @50;870F88 @5H5=89   82,0% ?@54?@8=8<0B5;59, CA8;5=85 C3>;>2=>9 >B25BAB25==>AB8 70 27OB:8   :0: 4;O 15@CI8E, B0: 8 40NI8E   71,1% 187=5A-A>>1I5AB20, 22545=85 >1@07>20B5;L=KE 0=B8:>@@C?F8>==KE ?@>3@0<< 4;O =0A5;5=8O 70 AG5B 1N465B0   54,5% 8 AB8<C;8@>20=85, 2 B>< G8A;5 <0B5@80;L=>5, A>>1I5=89 3@0640= > :>@@C?F8>==KE ?@02>=0@CH5=8OE   49,2% @5A?>=45=B>2 8AA;54>20=8O. @54AB028B5;8 A8;>2KE AB@C:BC@ C25@5=K, GB> 2 @5A?C1;8:5 8<55B <5AB> A8AB5<=0O 0=B8:>@@C?F8>==0O ?>;8B8:0:  01>B0 A8AB5<0B8G5A:0O, > @07>2KE 0:F8OE 3>2>@8BL 15AA<KA;5==>, @01>B0 845B. @>F5AA 845B 2>B B0:>9, =0 A0<>< 45;5 O A:5?B8G5A:8 >B=>HCAL, ?>B><C GB> B>, GB> O 286C: 40, >=8 5ABL, >B25BAB25==K5 ;N48, E>4OB =0 A>25I0=8O @53C;O@=>, @53C;O@=> :0:85-B> 70?@>AK H;NBAO, @53C;O@=> >B25G0NB =0 MB8 2>?@>AK, => O 4CH8 2 MB>9 @01>B5 =5 286C. >;8B8G5A:>9 2>;8 =5B, A>1AB25==> 3>2>@O. >;8B8G5A:0O 2>;O =C6=0, GB>1K 1>@>BLAO. / A<>B@N 4@C385 ?@8<5@K A>?>AB02;5=8O, :>3> =0< ?>AB02;ONB, :0:8E :>@@C?F8>=5@>2? @5?>4020B5;8, :>B>@K5 70 27OB:C 2 20 BKAOG [?>;CG0NB] @50;L=K5 A@>:8 8;8 CA;>2=K5 A@>:8. -B> =5A>?>AB028<> A 2@54><, :>B>@K5 ?@8G8=O5BAO. >?@>A B>65 8=B5@5A=K9: :0: =0 ?@5ABC?;5=8O @5038@CNB. >;6=0 1KBL A>>B25BAB2CNI0O A8AB5<0, 8 =5 B>;L:> C65AB>G5=8O, 0 C =0A 2A5 4>AB0B>G=> 65AB:>, HB@0D >= =5 MDD5:B82=K9, 8 B0:, 8 B0: 65AB:>. 5B F5;5=0?@02;5==>9 0=B8:>@@C?F8>==>9 45OB5;L=>AB8, :>B>@0O C=8GB>60;0 1K CA;>28O,   B0:>20 >F5=:0 @50;L=>9 A8BC0F88 459AB289 3>AC40@AB25==KE AB@C:BC@ 87=CB@8.
 @50;L=CN, A5@L57=CN 4>;3>A@>G=CN 1>@L1C A :>@@C?F859 2 @5A?C1;8:5 3>B>2K 2:;NG8BLAO 37,7% ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0. 1CA;>2;5=0 AB>;L =52KA>:0O F8D@0 3>B>2KE : 0:B82=>9 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 <>65B 1KBL B5<, GB> 1>;55 ?>;>28=K >?@>H5==KE ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 (58,9%) =5 ?>?040;8 2 :>@@C?F8>==CN A8BC0F8N, 8 B>;L:> 18,4% @5A?>=45=B>2 CB25@640NB, GB> 2 0=0;>38G=CN A8BC0F8N >=8 ?>?040;8. @8G8=C 65 ?>O2;5=8O B0:8E A8BC0F89 @5A?>=45=BK 284OB 2 =570I8I5==>AB8 187=5A0 2  5A?C1;8:5 "0B0@AB0= (39,2%), 0 :>@@C?F8N 2K45;ONB :0: A?>A>1 A0<>70I8BK. $83C@8@CNB 8 8728=ONI85 >1AB>OB5;LAB20 4;O :>@@C?F8>=5@>2, =081>;55 @0A?@>AB@0=5==K< 87 :>B>@KE 187=5A<5=K AG8B0NB >B25B 5=O 70AB028;> =0G0;LAB2>, A :>B>@K< O 4>;65= 45;8BLAO   42,1%. !0<8 O2;5=8O :>@@C?F88 2 187=5A-A@545 @5A?>=45=BK D8:A8@CNB =5 1>;55 >4=>3> @070 2 3>4 (20,1%), 0 1>;55 ?>;>28=K >?@>H5==KE (53,6%) 70B@C4=8;8AL A >B25B>< >B=>A8B5;L=> G0AB>BK.
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
=5=85 ?@54AB028B5;59 >1I5AB25==KE >@30=870F89 2 >B=>H5=88 <>B820F88 ?@54?@8=8<0B5;59 : 40G5 27OB:8 E0@0:B5@87C5BAO A;54CNI59 F8B0B>9 87 M:A?5@B=>3> 8=B5@2LN: !B8<C; : :>@@C?F88   2A5 2@5<O @0ABCI85 HB@0DK 70 =57=0G8B5;L=K5 =0@CH5=8O 8 >BACBAB285 ?@54C?@548B5;L=KE AB0B59.  B0:>< A;CG05, :>=5G=>, 2A5340 187=5AC 2K3>4=55 4020BL 27OB:C.  4065 5A;8 ?@>25@ONI89 =5 =0AB@>5= 55 1@0BL, >= 2A5 @02=> 55 2>7L<5B, @07 C6 B0: ;53:> 845B 45=L30 5<C 2 @C:8.   =5>1E>48<> 2=5AB8 ?@54C?@548B5;L=K5 <5@K.  MB>< 2>?@>A5 >B25BK >1I5AB25==8:>2 8 ?@54AB028B5;59 187=5A-A>>1I5AB20 01A>;NB=> :>@@5;8@CNBAO.
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
5 AG8B0NB 45280=B=K< >B:;>=5=85< 40GC 27OB:8 36,9% @5A?>=45=B>2, =07K20O MB> A2>53> @>40 1;03>40@=>ABLN 70 ?><>IL 2 187=5A5. 30,3% >?@>H5==KE C25@5=K, GB> 157 27OB>: 2 8E AD5@5 45OB5;L=>AB8 2?>;=5 <>6=> >1>9B8AL, => >=8 >1;53G0NB =5:>B>@K5 D>@<0;L=K5 ?@>F5AAK 8 A>:@0I0NB 2@5<5==K5 70B@0BK =0 @5H5=85 04<8=8AB@0B82=KE ?@>1;5<. 7 40202H8E 27OB:8 2>7<CI5=K MB8< D0:B>< ?>@O4:0 60% >?@>H5==KE, ?>;030O, GB> G8=>2=8:8-:>@@C?F8>=5@K ?@8=8<0NB 42>9=CN >?;0BC 70 B>, GB> >=8 4>;6=K 2K?>;=OBL 2 A8;C A2>8E 4>;6=>AB=KE >1O70==>AB59. 4=0:> > 2>7<>6=>< 70:@KB88 187=5A0 ?@8 2A5E ?@>G8E CA;>28OE 2 1;8609H85 420 3>40 2KA:070;8AL 2 >1I59 A;>6=>AB8 ?>@O4:0 13%, 2 F5;>< 4>2>;L=K A2>8< 187=5A>< 64,8% @5A?>=45=B>2. 0 D>=5 MB>3> 28,4% ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 >ICB8;8 @>AB ?@>B82>459AB28O :>@@C?F88 2  5A?C1;8:5 "0B0@AB0= 2 ?5@8>4 A 2008 3>40 ?> 2015 3>4.
-B>B 65 B578A ?>4:@5?;ONB ?@54AB028B5;8 >1I5AB25==KE >@30=870F89: !59G0A 2A5 1>;LH5 =0E>48BAO B5E, :B> A405B 27OB:>40B5;59, :B> >B:07K205BAO >B 27OB:8, =5 ?@>AB> B0: >B:07K205BAO, 0 A405B, 2>B MB> =0?@O305B. AB5AB25==>, >A25I5=85 :>@@C?F8>==KE 459AB289, <=>3> >G5=L 2 ?>A;54=55 2@5<O @50;L=KE ?@>F5AA>2 ?> 27OB:0<, MB> B>65 ;N459 >AB0=02;8205B. 0G8=05B 2K@010BK20BLAO >A>1>5 <=5=85 8 >B=>H5=85 : :>@@C?F88 8 : 1KB>2>9, 8 2 187=5A5, 8 ?@>AB> A@548 =0A5;5=8O.
"0:0O >F5=:0 >1>A=>20=0 AB5?5=LN >A254><;5==>AB8 G;5=>2 187=5A-A>>1I5AB20  5A?C1;8:8 "0B0@AB0= > :>@@C?F8>==>9 A8BC0F88 2 @538>=5, 2KB5:0NI59 87 ?>AB>O==>3> <>=8B>@8=30 ?@54?@8=8<0B5;O<8 8=D>@<0F8>==>3> ?@>AB@0=AB20. >@O4:0 40,2% ?@54?@8=8<0B5;59 8=B5@5ACNBAO 8=D>@<0F859 ?> :>@@C?F88, ?@54>AB02;O5<>9 !, 24,1% @5A?>=45=B>2 =5 4>25@ONB ! 2 MB>< 2>?@>A5, GB> =5 8A:;NG05B 40==CN G0ABL @5A?>=45=B>2 87 G8A;0 8=B5@5ACNI8EAO A8BC0F859 2 40==>9 AD5@5 8 ;8HL 29,5% >?@>H5==KE MB0 8=D>@<0F8O =5 8=B5@5A=0.
@C30O AB>@>=0 2 MB>9 A8BC0F88   ?@54AB028B5;8 !   B0:65 8<55B A2>5 ?@54AB02;5=85 > 70459AB2>20=88 187=5A0 2 :>@@C?F8>==KE AE5<0E: A;8 345-B> 2 4@C38E @538>=0E 15@CB 45=L38, 2K45;8;8 =0 AB@>8B5;LAB2> G53>-B>, =8 G5@B0 =8G53> =5 ?>AB@>8;8, 8 45=53 =5B. # =0A, =025@=>, B>65 >B68<0NB, => C =0A >1J5:BK E>BO 1K ?>O2;ONBAO, ?>4> GB> 45=L38 2K45;8;8 (2K45@6:0 87 D>:CA-3@C??K A ?@54AB028B5;O<8 !).
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
@54AB028B5;8 <0;>3> 8 A@54=53> 187=5A0 AD>@<8@>20;8 A2>9 @59B8=3 A0<KE :>@@C?F8>==KE AD5@ 45OB5;L=>AB8. ><8=0=B>9 AB0;> C;06820=85 ?@>1;5< A  (57,2%). 5=55 G5< =0 45AOBL ?@>F5=B>2 =865 2 @59B8=35 ?@>?;0G5==0O 70:>=>B2>@G5A:0O 45OB5;L=>ABL 45?CB0B>2 (49,1%).  =5 =0<=>3> =865 >B ?@54AB028B5;59 70:>=>40B5;L=>9 2;0AB8 =0E>4OBAO ?@>?;0G5==K5 @5H5=8O AC40 2 GLN-;81> ?>;L7C (42,4%). 
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
 5:><5=40F88
1.1I5AB25==0O 4>ABC?=>ABL : 8=D>@<0F88 > ?@>1;5<5 :>@@C?F88 2  5A?C1;8:5 "0B0@AB0=
><8<> !, 4>AB0B>G=> 0:B82=> 8A?>;L7C5<KE ?@54AB028B5;O<8 <0;>3> 8 A@54=53> 187=5A0  " 4;O ?>;CG5=8O 8=D>@<0F88 ?> ?@>1;5<0< :>@@C?F88, 2>7<>6=K< 8 =5>1E>48<K< ?@54AB02;O5BAO 8=D>@<8@>20=85 MB>3> A>>1I5AB20 ?@5AA-A;C610<8 >@30=>2 3>AC40@AB25==>9 2;0AB8 > A>AB>O=88 =0 B5:CI89 <><5=B, 2>7<>6=>, ?@8 0:B82=>< CG0AB88 ">@3>2>-?@><KH;5==>9 ?0;0BK  5A?C1;8:8 "0B0@AB0= 8 8=KE AB@C:BC@, 708=B5@5A>20==KE 2 @5H5=88 ?@>1;5<K :>@@C?F88 =0 B5@@8B>@88  " 2 AD5@5 <0;>3> 8 A@54=53> 187=5A0.
2.708<>459AB285 8 >1@0B=0O A2O7L 2A5E CG0AB=8:>2 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 
15A?5G5=85 45OB5;L=>AB8 >1I5AB25==KE ?@85<=KE 8 B5;5D>=>2 4>25@8O 4;O ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 ?@8 >@30=0E 3>AC40@AB25==>9 2;0AB8 2A5E C@>2=59. !?>A>1AB2>20=85 ?@>7@0G=>AB8 >B=>H5=89 187=5A0, 2;0AB8 8 !.
3.=B8:>@@C?F8>==0O ?@>?030=40
>2KH5=85 C@>2=O 4>25@8O A> AB>@>=K ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 ?> 2>?@>AC :>@@C?F8>==KE ?@>O2;5=89 2  " 2 >B=>H5=88 !.  01>B0 A0<8E ?@54?@8=8<0B5;59 ?> B@0=A;OF88 0=B8:>@@C?F8>==>3> >?KB0 2545=8O 187=5A0 2 @5A?C1;8:5. @30=870F8O =5 ?5@8>48G5A:>9, 0 ?>AB>O==>9 <>=8B>@8=3>2>9 8 ?@>?030=48ABA:>9 @01>BK ?> 2KO2;5=8N :>@@C?F8>==>9 A>AB02;ONI59 2 AD5@5 45OB5;L=>AB8 <0;>3> 8 A@54=53> 187=5A0  5A?C1;8:8 "0B0@AB0=. >2;5G5=85 ?@54AB028B5;59 ! @5A?C1;8:8 2 0=B8:>@@C?F8>==CN 45OB5;L=>ABL ?@54?@8=8<0B5;59  " =0 >1I5AB25==KE 8 <5489=KE ?;>I04:0E 2 D>@<0B0E >1AC645=89, 48A:CAA89, B@5=8=3>2KE 8 >1CG0NI8E ?@>3@0<<.
3.6.0:;NG5=85
 07@01>B:0 0=B8:>@@C?F8>==KE <5@ =0 @538>=0;L=>< C@>2=5 O2;O5BAO 206=59H59 7040G59 <5AB=KE >@30=>2 3>AC40@AB25==>9 2;0AB8 8 C?@02;5=8O, A8;>2KE AB@C:BC@. @56=OO AB@0B538O AK3@0;0 A2>N ?>;>68B5;L=CN @>;L, AB0;0 8=AB8BCF8>=0;878@CNI8< D0:B>@>< ?> ?@>B82>459AB28N :>@@C?F8>==K< 45O=8O< 2 @538>=5. =0 =5 A@07C AB0;0 4>AB>O=85< H8@>:>9 >1I5AB25==>AB8, 48A:CB8@>20;AO 4065 2>?@>A > A0<>< D0:B5 ?C1;8:0F88 B5:AB0 8;8 @07<5I5=8O 53> 2 =B5@=5B5. 0 A53>4=OH=89 <><5=B 40==K9 4>:C<5=B >1J5:B82=> CAB0@5;, ?>A:>;L:C ?@>87>H;8 1>;LH85 ?5@5<5=K 2 >1I5AB25==>9 687=8  >AA89A:>9 $545@0F88 8 55 AC1J5:B>2. 
 2008 3>4C 2  >AA89A:>9 $545@0F88 1K; ?@8=OB 0:>=  ?@>B82>459AB288 :>@@C?F88, GB> =5 C4020;>AL A45;0BL =5A:>;L:> ;5B ?>4@O4.  0?@5;5 2010 3>40 #:07>< @57845=B0  $ CB25@645=0 0F8>=0;L=0O AB@0B538O ?@>B82>459AB28O :>@@C?F88 8 0F8>=0;L=K9 ?;0= ?@>B82>459AB28O :>@@C?F88 =0 2010-2011 3>4K. 0B5< 1K;8 8740=K 4@C385 0:BK.
  >AA88 ACI5AB2C5B =51>30BK9 >?KB ?0@;0<5=BA:8E @0AA;54>20=89 3@><:8E ?>;8B8G5A:8E C189AB2, B5@@>@8AB8G5A:8E 0:B>2, :>@@C?F8>==KE 45O=89. "0:0O 45OB5;L=>ABL, :0: ?@028;>, A8;L=> ?>;8B878@>20=0 8 =0?@O<CN 7028A8B >B 8A?>;=8B5;L=>9 2;0AB8. "5< =5 <5=55 8<5==> ?0@;0<5=BA:85 @0AA;54>20=8O O2;ONBAO =081>;55 ?5@A?5:B82=K<8 2 @0A:@KB88 ?>;8B8G5A:8E C189AB2, :>@@C?F8>==KE 45O=89 G8=>2=8:>2, B5@@>@8AB8G5A:8E 0:B>2 8 B.?.
 >AC40@AB25==>9 C<5 $545@0;L=>3> !>1@0=8O  >AA89A:>9 $545@0F88 DC=:F8>=8@C5B ><8B5B >AC40@AB25==>9 C<K ?> 157>?0A=>AB8 8 ?@>B82>459AB28N :>@@C?F88. >7<>6=>, 0=0;>38G=CN AB@C:BC@C, 2>7<>6=>, 2 2845 :><8AA88, A;54C5B A>740BL 8 2 AB@C:BC@5 >AC40@AB25==>3> !>25B0  5A?C1;8:8 "0B0@AB0=.
0 >A=>20=88 0=0;870 2>A?@8OB8O ?@>1;5< :>@@C?F88 =0A5;5=85< (<5AB> ?@>1;5<K :>@@C?F88 A@548 >A=>2=KE A>F80;L=KE ?@>1;5< 68B5;59 "0B0@AB0=0), 0=0;870 45;>2>9 8 1KB>2>9 :>@@C?F88 <>6=> A:070BL, GB> 206=59H8< 8=48:0B>@><, E0@0:B5@87CNI8< 3;C18=C :>@@C?F88, O2;O5BAO :>@@C?F8>==K9 >?KB =0A5;5=8O, 4@C38<8 A;>20<8, :>@@C?F8>==K9 >E20B, :>340 >?@545;5==0O 4>;O @5A?>=45=B>2, E>BO 1K @07 ?>?040;0 2 :>@@C?F8>==CN A8BC0F8N. A53> 2 :>@@C?F8>==K5 A8BC0F88 ?>?0405B 30% =0A5;5=8O. 23% 40NB 27OB:8, 7%   =5B (>B >?@>H5==KE) 8;8 75% (23,1/100-69,8) ?>?02H8E 2 A8BC0F8N, 40NB 27OB:8. A=>2=K5 <5AB0   1>;L=8F0 8 , =0 B@5BL5<   ?>ABC?;5=85 2 #. !;54C5B >B<5B8BL, GB> =0 <=5=85 =0A5;5=8O ?> ?>2>4C :>@@C<?8@>20==>AB8 AB@C:BC@ 2;8O5B B0:>9 D0:B>@, :0: G0AB>B0 >1@0I5=89 3@0640= : B5< 8;8 8=K< A>F80;L=K< 8=AB8BCB0< >ACI5AB2;ONI8< N@848G5A:8 7=0G8<K5 459AB28O.
=0;87 2>A?@8OB8O ?@>1;5< :>@@C?F88 (70 ?5@8>4 2008-2014 3>4>2) E>7O9AB2CNI8<8 AC1J5:B0<8 ?>:070;, GB> 31,1% 187=5A-A>>1I5AB20 ?>;0305BAO 2 @5H5=88 40==>9 ?@>1;5<K =0 @C:>2>4AB2> AB@0=K 8 @538>=0, 43,6% AG8B05B MB> ?> A8;0< B>;L:> 2A5<C >1I5AB2C 2 F5;>< 2> 2708<>459AB288. 01;N405BAO :>@@5;OF8O ?>78B82=>3> =0AB@>O 2 @5H5=88 MB>9 >1I5AB25==>9 ?@>1;5<K A8;0<8 A0<>3> >1I5AB20 A :>;8G5AB2>< AG8B0NI8E, GB> 27OB>: <>6=> (33,5%) 8 =C6=> (50,1%) 871530BL. 87=5A-A>>1I5AB2> 8<55B CAB>9G82K9 ?>78B82=K9 =0AB@>9 2 >B=>H5=88 A2>8E 2>7<>6=>AB59 2 ?@>F5AA5 D>@<8@>20=8O >1I5AB25==>9 687=8. 0;>5 8 A@54=55 ?@54?@8=8<0B5;LAB2> @5A?C1;8:8 ?>;0305B, GB>, ?@5645 2A53>, =5>1E>48<> CAB@0=8BL CA;>28O, ?>@>640NI85 :>@@C?F8N (N@848G5A:85, M:>=><8G5A:85 8 B.?.),   44,0% 8, :0: A;54AB285, ?@8<5=OBL 2 >B=>H5=88 :>@@C?F8>=5@>2 =>@<0B82=K5 A0=:F88   32,9%. >B>2K ?>445@60BL A;54CNI85 <5B>4K 1>@L1K A :>@@C?F859: >15A?5G5=85 <0:A8<0;L=>9 ?@>7@0G=>AB8 ?@8=OB8O 8 @50;870F88 @5H5=89   82,0% ?@54?@8=8<0B5;59, CA8;5=85 C3>;>2=>9 >B25BAB25==>AB8 70 27OB:8   :0: 4;O 15@CI8E, B0: 8 40NI8E   71,1% 187=5A-A>>1I5AB20, 22545=85 >1@07>20B5;L=KE 0=B8:>@@C?F8>==KE ?@>3@0<< 4;O =0A5;5=8O 70 AG5B 1N465B0   54,5% 8 AB8<C;8@>20=85, 2 B>< G8A;5 <0B5@80;L=>5, A>>1I5=89 3@0640= > :>@@C?F8>==KE ?@02>=0@CH5=8OE   49,2% @5A?>=45=B>2 8AA;54>20=8O.  @50;L=CN, A5@L57=CN 4>;3>A@>G=CN 1>@L1C A :>@@C?F859 2 @5A?C1;8:5 3>B>2K 2:;NG8BLAO 37,7% ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0. 1CA;>2;5=0 AB>;L =52KA>:0O F8D@0 3>B>2KE : 0:B82=>9 0=B8:>@@C?F8>==>9 45OB5;L=>AB8 <>65B 1KBL B5<, GB> 1>;55 ?>;>28=K >?@>H5==KE ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0 (58,9%) =5 ?>?040;8 2 :>@@C?F8>==CN A8BC0F8N 8 B>;L:> 18,4% @5A?>=45=B>2 CB25@640NB, GB> 2 0=0;>38G=CN A8BC0F8N >=8 ?>?040;8.
>@@C?F8>==K9 >?KB 68B5;59 "0B0@AB0=0 2 =081>;55 :>@@C?F8>35==KE AD5@0E @5A?C1;8:8 (%, 74@02>>E@0=5=85, >1@07>20=85 8 B.4.) A2845B5;LAB2C5B > B><, GB> =081>;55 @0A?@>AB@0=5=K :0: ?> >E20BC 3@0640=, B0: 8 ?> G0AB>B5 >1@0I5=89 <548F8=A:85 CG@5645=8O, 45BA:85 A04K, H:>;K, 2C7K, ?@02>>E@0=8B5;L=K5 >@30=K. 081>;55 :@C?=K9 @07<5@ A@54=8E 27OB>: ?@8 @5H5=88 68;8I=KE 2>?@>A>2, 2 AC451=>9 A8AB5<5 8 ?@8 ?>?KB:5 C:;>=5=8O >B 2>8=A:>3> ?@87K20.
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
F5=:0 MDD5:B82=>AB8 0=B8:>@@C?F8>==>9 ?@>?030=4K 2 @5A?C1;8:5 =0 =0AB>OI89 <><5=B 405B A;54CNI85 @57C;LB0BK: 2 1>;LH8=AB25 ! >BACBAB2C5B ?@>?030=40 =5>B2@0B8<>AB8 =0:070=8O 70 A>25@H5==K5 ?@02>=0@CH5=8O. >;O >A25I5=8O :>=:@5B=KE D0:B>2 :>@@C?F88 2 D545@0;L=KE ! A>AB02;O5B 10% ?@>B82 5,4% 2 @5A?C1;8:0=A:8E !, 0 4>;O 2845>70?8A59, 2K;>65==KE 2 Twitter, =0 4,03% A>AB>OB 87 =>2>AB59 ?@> :>@@C?F8N, :0A0NI8EAO  5A?C1;8:8 "0B0@AB0=. 95,7% A5B52KE =>2>AB59, A2O70==KE A ?>1>@0<8 2  5A?C1;8:5 "0B0@AB0=, :0A0NBAO H:>; 8 45BA:8E A04>2.  F5;>< 2  5A?C1;8:5 "0B0@AB0= ! 4>AB0B>G=> H8@>:> >A25I0NB 2>?@>AK :>@@C?F88. > =54>AB0B>G=> ?@54AB02;5=K ?C1;8:0F88 ?> 55 ?@>B82>459AB28N.  5:><5=40F88 ?> 0:B82870F88 ?@>?030=4K 0=B8:>@@C?F8>==>3> A>45@60=8O <>3CB =>A8BL A;54CNI89 E0@0:B5@: =5>1E>48<> ?@>?030=48@>20BL 2 ! =5>B2@0B8<>ABL =0:070=8O 70 :>@@C?F8N A 45<>=AB@0F859 D0:B>2, =0?@8<5@, :>=D8A:0F88 8<CI5AB20  C 1;8609H8E @>4AB25==8:>2; 2 A>F80;L=KE A5BOE >@30=87>20BL 0=B8:>@@C?F8>==CN ?@>?030=4C 4;O 45BA:>9 8 ?>4@>AB:>2>9 0C48B>@88, ?@8CG0BL ;N459 >AC640BL 8 ABK48BLAO :>@@C?F88; 8A?>;L7>20BL A>F80;L=K5 A5B8 :0: A?>A>1 ?>;CG5=8O ?5@28G=>9 8=D>@<0F88 > D0:B0E :>@@C?F88; =5>1E>48<> A>740BL B0:>9 A>F80;L=K9 @5AC@A, :>B>@K9 A>18@0; 1K B0:CN 8=D>@<0F8N 8 AB0B8AB8G5A:8 >1@010BK20; (=0?@8<5@, 2 :0:>9 AD5@5 1>;LH5 >1@0I5=89); ?@>?030=48@>20BL ?>;>68B5;L=K9 >1@07 G8=>2=8:0 ?CB5< ?C1;8:0F88 :0: :>=:@5B=KE D0:B>2 ?> =5>B2@0B8<>AB8 =0:070=8O 8 2KO2;5=8O D0:B>2 :>@@C?F88, B0: 8 D0:B>2 2708<>459AB28O A >@30=0<8 ?> ?>8<:5 40NI8E 27OB:8. A5 MB8 <5@K 2 A>2>:C?=>AB8 ?>72>;OB 2KO2;OBL ?@>1;5<=K5 <5AB0 8 ?@8=8<0BL A>>B25BAB2CNI85 @5H5=8O.
?@545;5=85 MDD5:B82=>AB8 2;8O=8O @07;8G=KE :0=0;>2 A@54AB2 <0AA>2>9 :><<C=8:0F88 =0 D>@<8@>20=85 0=B8:>@@C?F8>==>9 ?@>?030=4K A53>4=O ?@54AB02;O5BAO 25AL<0 A;>6=>9 ?@>1;5<>9. @8 >F5=:5 459AB25==>AB8 ! 2 ?>;5 ?@>1;5<K 2>A?@8OB8O :>@@C?F8>==KE ?@>O2;5=89 =5>1E>48<> CG8BK20BL B>G:C 7@5=8O (@50:F8N) >158E AB>@>=-CG0AB=8F MB>3> 2840 A>F80;L=>9 :><<C=8:0F88.  ?5@2CN >G5@54L D>@<8@>20=85 A ?><>ILN B0:>3> 845>;>38G5A:>3> 8=AB@C<5=B0, :0: !, >1@070 :>@@C?F88 2 >1I5AB25==>< A>7=0=88 8 >1@070 3>AC40@AB25==>9 2;0AB8 =0 D>=5 :>@@C?F8>==KE ?@>O2;5=89. >-2B>@KE, =5>1E>48<> :@8B8G5A:8 >BA;56820BL 8 D8:A8@>20BL @50:F8N 8 ?@>O2;5=85 8=B5@5A0 : :>@@C?F8>==K< O2;5=8O< 8 ?C1;8:0F8O< A> AB>@>=K >@30=>2 3>AC40@AB25==>9 2;0AB8. @8G5< ?>A;54=55 ?@54AB02;O5BAO 1>;55 7=0G8<K<, 81> 4>;6=> O2;OBLAO >A=>2>9 4;O D>@<8@>20=8O >4=>3> 87 M;5<5=B>2 (8=D>@<0F8>==>3>) 3@0<>B=>9 0=B8:>@@C?F8>==>9 ?>;8B8:8 2 AB@0=5. "0:, 4;O ?>;CG5=8O 8=D>@<0F88 B@>9:C ;845@>2 ! 2 A@545 <0;>3> 8 A@54=53> ?@54?@8=8<0B5;LAB20 2>73;02;ONB: @>AA89A:85 B5;5:0=0;K (74,3%), @5A?C1;8:0=A:85 B5;5:0=0;K (45,8%) 8 3;>10;L=0O A5BL (40,3%). &8D@K :>@@5;8@C5<K A @57C;LB0B0<8 <0AA>2>3> >?@>A0 =0A5;5=8O. B=>A8B5;L=> A>45@60=8O <>6=> :>=AB0B8@>20BL, GB> B5<0 :>@@C?F88 2 A@54AB20E <0AA>2>9 8=D>@<0F88  5A?C1;8:8 "0B0@AB0= >A25I05BAO @53C;O@=> 8 4>AB0B>G=> H8@>:>. =0;87 A>45@60=8O B5:AB>2 ! @5A?C1;8:8 ?>72>;O5B A45;0BL 2K2>4 > B><, GB> 2 0=0;878@C5<KE A@54AB20E <0AA>2>9 8=D>@<0F88 @5A?C1;8:0=A:>3> C@>2=O, ?> A@02=5=8N A D545@0;L=K<8 !, 1>;LH5 ?@54AB02;5=> <0B5@80;>2 8<5==> ?> 0=B8:>@@C?F8>==>9 =0?@02;5==>AB8. 081>;LH0O ?C1;8:0F8>==0O 0:B82=>ABL =01;N405BAO C 8=D>@<0F8>==KE 035=BAB2 "0B0@-8=D>@< (17,2% >B >1I53> :>;8G5AB20 ?C1;8:0F89) 8 "0BF5=B@ (24,3% >B >1I53> :>;8G5AB20 ?C1;8:0F89), >4=0:> 8=D>@<0F8>==0O A>AB02;ONI0O 8<55B A?5F8D8:C =54>AB0B>G=>AB8 8=D>@<0F8>==>3> ?>B>:0. "0:, 8=D>@<0F8>==K5 A>>1I5=8O G0I5 =>AOB E0@0:B5@ :>=AB0B0F88 D0:B0 :>@@C?F88 8;8 @0AAC645=8O ?> B5<5.  ! @5A?C1;8:0=A:>3> C@>2=O ?@0:B8G5A:8 =5 ?@54AB02;5=0 :@8B8:0 @5A?C1;8:0=A:8E 2;0AB59. C1;8:0F88 2 A@54AB20E <0AA>2>9 8=D>@<0F88 ?@54AB02;ONB >1I5AB25==>AB8 2 1>;LH59 AB5?5=8 E@>=8:C A>1KB89, 2 <5=LH59 AB5?5=8 0=0;8B8:C B>9 @50;L=>AB8, :>B>@0O O2;O5BAO =5?>A@54AB25==>9 A@54>9 :>@@C?F88, <=>3>>1@0785 ?@>O2;5=89 MB>3> A>F80;L=>3> D5=><5=0.  =5:>B>@KE <0B5@80;0E :>=AB0B8@C5BAO, GB> :>@@C?F8O =5?>1548<0, 157=0:070==0. 48=8G=K9 :>=B5=B ?@54AB02;5= ?>;>68B5;L=K<8 AC645=8O<8 > :>@@C?F88. !0<CN 1>;LHCN G0ABL 0C48B>@88 @5AC@A>2 A>F80;L=>9 :><<C=8:0F88 8<5NB Live Journal 8 Twitter, >4=0:> 1>;55 A>45@60B5;L=K 2 ?;0=5 :><<C=8:0F88 ?> 2>?@>A0< :>@@C?F88  A>F80;L=K5 @5AC@AK :>=B0:B5 8 4=>:;0AA=8:8. > A>2>:C?=>AB8 >1AC645=89 4><8=8@CNI55 ?>;>65=85 2 @59B8=35 =081>;55 :>@@C<?8@>20==KE >B@0A;59 >1I5AB25==>9 687=545OB5;L=>AB8, ?> <=5=8N ?>;L7>20B5;59 A>FA5B59, 70=8<05B AD5@0 >1@07>20=8O (1>;55 4>H:>;L=0O 8 H:>;L=0O). 7 MB>3> B@5=40 =5 2K18205BAO  5A?C1;8:0 "0B0@AB0=: A0<K5 >1AC6405<K5 B5<K   ?>1>@K 2 H:>;0E 8 45BA:8E A040E, >4=0:> A>45@60=85 :>=B5=B0 B@51C5B 40;L=59H53> 45B0;L=>3> 87CG5=8O, ?>A:>;L:C =01;N405BAO @0AA>3;0A>20==>ABL 2 ?>=8<0=88 >B45;L=KE <5@>?@8OB89 2 45OB5;L=>AB8 CG51=KE 702545=89 @>48B5;O<8 CG0I8EAO, A>B@C4=8:0<8 CG51=KE 702545=89 8 ?@54AB028B5;O<8 >@30=>2 3>AC40@AB25==>9 2;0AB8. A>1> <>6=> 2K45;8BL A;01>ABL =0?>;=5=8O :>=B5=B>< @5AC@A>2 >@30=>2 3>AC40@AB25==>3> C?@02;5=8O @5A?C1;8:8, GL59 >A=>2=>9 7040G59 O2;O5BAO =5 B>;L:> A>1AB25==> <5@>?@8OB8O ?> ?@5A5G5=8N :>@@C?F8>==KE ?@>O2;5=89, => 8 A8AB5<0B8G5A:0O @01>B0 A =0A5;5=85< 2 ?;0=5 ?@>D8;0:B8:8, 0 >A>15==> ?@>A25I5=8O, 2 2>?@>A0E ?@>B82>459AB28O :>@@C?F88, A>B@C4=8G5AB20 A >@30=0<8 2;0AB8 ?> 40==><C 2>?@>AC =5 ?>ABD0:BC<, 0 =0 AB0488 ?5@28G=KE ?@>O2;5=89 :>@@C<?8@>20==>AB8 2 >B45;L=KE >B@0A;OE >1I5AB25==>9 687=545OB5;L=>AB8.
@0:B8G5A:8 ?>@>2=C @0745;8;0AL >F5=:0, GB> :>@@C?F8O C25;8G8;0AL (14%) 8 C<5=LH8;0AL (13,1%) ?>A;5 53> 871@0=8O. 26,3% @5A?>=45=B>2 70B@C4=8;8AL >F5=8BL A8BC0F8N. 47% @5A?>=45=B>2 >B:07K20NB 2 MDD5:B82=>AB8 0=B8:>@@C?F8>==KE <5@>?@8OB89 @5A?C1;8:0=A:8< 2;0ABO< 8 B>;L:> 36,6% A>3;0H0NBAO A 55 CA?5H=>ABLN. 5AA8<8AB8G=> =0AB@>5=K 31,4% @5A?>=45=B>2, :>B>@K5 AG8B0NB, GB>  C =0A 2>@>20;8, 8 1C4CB 2>@>20BL 2A5340, A MB8< =8G53> =5 ?>45;0BL.
0 >A=>20=88 87CG5==>3> <0B5@80;0 ?> 2>A?@8OB8N :>@@C?F888 8 2>2;5G5==>AB8 2 :>@@C?F8>==K5 ?@0:B8:8 <0;>3> 8 A@54=53> 187=5A0 @5A?C1;8:8, 0 B0:65 8E >B=>H5=8O : :>@@C?F88 <>6=> @57N<8@>20BL, GB> A@548 A0<KE @0A?@>AB@0=5==KE, ?>AB>O==KE A;CG052 :>@@C?F8>==KE ?@>O2;5=89 ?@54?@8=8<0B5;O<8 =07K20NBAO: ?>;CG5=85 2>7<>6=>AB8 0@5=4>20BL ?><5I5=8O 4;O @01>BK =0 ;L3>B=KE CA;>28OE   10,9%, ?>;CG5=85 3>AC40@AB25==>3> (@538>=0;L=>3>, <C=8F8?0;L=>3>) 70:070   10,3%, A<O3G5=85 B@51>20=89 ?@8 ?@>25@:0E :>=B@>;8@CNI8E >@30=>2   9,2%. 5AA?>@=K< ?@>O2;5=85< =0@CH5=8O 70:>==>AB8 4;O 1>;LH8=AB20 @5A?>=45=B>2 87 G8A;0 2A53> =0A5;5=8O @5A?C1;8:8 O2;O5BAO 459AB28O 4>;6=>AB=KE ;8F   AC459 (91,5%), A>B@C4=8:>2  (89,3%), A>B@C4=8:>2 ?>;8F88 (86,6%, 69,8%), ?@54AB028B5;59 70:>=>40B5;L=>9 2;0AB8 (83,5%), G8=>2=8:>2, >D>@<;ONI8E ?>4@O4 ?> 702KH5==K< @0AF5=:0< 4;O AB@>8B5;L=>9 D8@<K (79,1%), :>B>@K5 70 2>7=03@0645=85 A>25@H0NB :>@@C?F8>==K5 459AB28O. 548F8=A:89 @01>B=8: (74,4%), 40NI89 1>;L=8G=K9 ;8AB 70 2>7=03@0645=85, 8 ?@5?>4020B5;L (54,9%), ?>;CG0NI89 ?@>4C:B>2K9 ?0:5B 70 ?>AB02;5==CN E>@>HCN >F5=:C ABC45=BC =0 M:70<5=5, B>65 =0E>4OBAO 2 :>@@C?F8>==>9 ;8=59:5 ?@02>=0@CH5=89. =0;87 2>A?@8OB8O :>@@C?F88 =0A5;5=85<  " ?>:07K205B, GB>  =5:>B>@K5 A8BC0F88 2 687=8 >F5=820NBAO 1>;LH8=AB2>< :0: A;CG08 :>@@C?F88, 4@C385 4;O @5A?>=45=B>2 =5 8<5NB >B=>H5=8O : :>@@C?F88, 0 5ABL B0:85 >1AB>OB5;LAB20, :>B>@K5 =>AOB A?>@=K9, ?>3@0=8G=K9 E0@0:B5@.
081>;55 G0AB> 8A?>;L7C5<K5 :>@@C?F8>==K5 AE5<K 8 ?@0:B8:8 70:;NG0NBAO 2: @5H5=88 ?@>1;5< AC451=>3> ?>@O4:0, C:;>=5=8O >B ?>;=>9 2K?;0BK =0;>3>2 8 AB8<C;8@>20=8O @01>BK G8=>2=8:>2 <0B5@80;L=> A> AB>@>=K ?@54AB028B5;59 <0;>3> 8 A@54=53> 187=5A0; @5H5=88 ?@>1;5< 1KB>2>3> E0@0:B5@0, A2O70==KE A ?>;CG5=85< >1@07>20B5;L=KE, <548F8=A:8E, 68;8I=KE CA;C3 8 CB@OA0=85< :>=D;8:B=KE A8BC0F89 A A8;>2K<8 AB@C:BC@0<8 A> AB>@>=K =0A5;5=8O @5A?C1;8:8; @5H5=88 ?@>1;5<K 402;5=8O A F5;LN ?>2;8OBL =0 E0@0:B5@ ?C1;8:0F89 > :>@@C?F88 A8;>2K<8 AB@C:BC@0<8 8 >@30=0<8 2;0AB8 A> AB>@>=K !; @5H5=88 ?@>1;5<K ?@>B82>459AB28O ?@02>70I8B=>9 45OB5;L=>AB8 A8;>2K<8 AB@C:BC@0<8 A> AB>@>=K >1I5AB25==KE >@30=870F89.
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
F5=:0 <0AHB01>2 1KB>2>9 8 45;>2>9 :>@@C?F88 2 @07;8G=KE AD5@0E 8 8=AB8BCB0E 2;0AB8 40;0 A;54CNI85 @57C;LB0BK. AA;54>20=85 1KB>2>9 8 45;>2>9 :>@@C?F88 ?>:07K205B, GB> 70 2014 3>4 8 =0G0;> 2015 3>40 25@>OB=>ABL ?>?040=8O 3@0640=8=0 2 :>@@C?F8>==CN A8BC0F8N ?@8 >1@0I5=88 2 >@30=K 3>AC40@AB25==>9 2;0AB8 8 >@30=K <5AB=>3> A0<>C?@02;5=8O A=878;0AL A 19,3% 4> 10,9% 70 ?@54K4CI89 MB0?. "0:65 A>:@0B8;0AL 4>;O B0B0@AB0=F52, AG8B0NI8E, GB> 3@0640=0< ?@8E>48BAO G0AB> AB0;:820BLAO A :>@@C?F859 2 >4=>9 8;8 =5A:>;L:8E AD5@0E 2708<>459AB28O 3@0640= A >@30=0<8 ?C1;8G=>9 2;0AB8. 
B=>H5=85 8 >F5=:0 4>;6=>AB=K<8 ;8F0<8 >@30=>2 3>AC40@AB25==>9 2;0AB8  5A?C1;8:8 "0B0@AB0= 8 >@30=>2 <5AB=>3> A0<>C?@02;5=8O >1AB>OB5;LAB2 3>AC40@AB25==>9 (<C=8F8?0;L=>9) A;C61K, :>B>@K5 <>3CB 2;8OBL =0 D>@<8@>20=85 CA;>289 4;O :>@@C?F88, ?@>O2;ONBAO 2 A;54CNI5<: 65AB:0O @53;0<5=B0F8O ?@>F54C@K ?@54>AB02;5=8O 3>AC40@AB25==KE 8 <C=8F8?0;L=KE CA;C3, 2=54@5=85 28@BC0;L=KE <5E0=87<>2 8E ?@54>AB02;5=8O 2 M;5:B@>==>< 2845 2 F5;OE A=865=8O 8=B5=A82=>AB8 2708<>459AB28O 3@0640= A ?@54AB028B5;O<8 2;0AB8 8, :0: A;54AB285, @0A?@>AB@0=5==>AB8 :>@@C?F8>==KE ?@0:B8:.
B=>H5=85 : :>@@C?F88, 2:;NG0O CAB0=>2:C =0 :>@@C?F8N A@548 4>;6=>AB=KE ;8F >@30=>2 3>AC40@AB25==>9 2;0AB8  ", >@30=>2 <5AB=>3> A0<>C?@02;5=8O ?@>O2;O5BAO 2 A;54CNI5<   MB> CA8;5=85 :>=B@>;O 70 45OB5;L=>ABLN G8=>2=8:>2, 2 B>< G8A;5 ?>A@54AB2>< CAB0=>2;5=8O =>2KE >3@0=8G5=89 8 70?@5B>2, A2O70==KE A ?@>E>645=85< 3>AC40@AB25==>9 A;C61K.
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
! 4@C3>9 AB>@>=K, :>@@C?F8O :0: A>F80;L=>-1N@>:@0B8G5A:0O ?@0:B8:0 ?>AB>O==> AB8<C;8@C5B A>740=85 G@57<5@=>3> G8A;0 8=AB@C:F89, GB>1K 70B5< 70 4>?>;=8B5;L=CN ?;0BC ?><>30BL 8E A>1;N40BL 2 @0<:0E M:>=><8G5A:>3> ?@>AB@0=AB20. 0==0O B5=45=F8O, ?> <=5=8N ?@54AB028B5;59 >1I5AB25==>AB8, <0;>3> 8 A@54=53> 187=5A0, =8:C40 =5 8AG57;0.
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

_______________________








 PAGE   \* MERGEFORMAT 118




1ZCHKKFL$OO6PPnQQ&RrRRSSSSU$dh`a$gd"Z
$dha$gd^$
&F
dh^`a$gd'e$
dh`a$gd'e$dh`a$gd'eEEHGJGhGjGHHFInIpIrITJ^JbJ|JKK0L4LLLOOPQQQSSSSSS4TɾԱɾɾɾɢrgYɾhBBhl56B*phh,56B*phhBBh,56B*phhphpB*CJaJph%hph,B*CJaJmH	phsH	hph,B*CJaJphhphp6B*phhphpB*phhph,B*phhph,6B*phh*}B*phhXh,B*phh#h,B*ph"4TJTZT^TpTxTzTTUVV*V,VVVVVWWWW2W4W@WBWNWTWzW|WWWWWWWWWWWWWXXX"X$XXX>Z@ZZѹѹhph,0JB*phhphp0JB*phhph,0JB*phhphpB*ph.hph,B*fHmH	phq
sH	&hph,B*fHphq
hph,B*mH	phsH	hph,B*ph2UWY[\]_Bd6fBg0txvnx2{0}~Z
^<p
$dha$gd^$dh`a$gd"ZZZ[X]Z]]]]^^^__v`x````aaTaVaaaaaabb@drdtdddZf\fjflfgggg6g8ghhi
i4s6sLsNsPs0tTtVtptrt|uuuuuuvü쭼ââhphV*5B*phjhKh,UhV*5hKh,hV*5B*phhphpB*phhKhpB*phhKh,B*phhph,B*phh-hB*ph?vvPvRvvvvvvv"w$wNwPw@yBy0{2{{{{{{H|0}}}}*~,~~&(.0JLLNPfz|6}hBBh,56B*phhBBh,56B*PJphhBB*phhpB*PJph&hph,B*fHphq
hph,B*PJphh9B*phhKhpB*phhKh,B*phhph,B*phhpB*ph0
܍ލJL^`dfЎҎ֎؎(*.0HPbj:<@B֐ؐܐސfNPۻ۰hXhpB*phhXh,B*phhphpB*phhph,0JB*phhBB*phhph,B*phhBBhl56B*phh,56B*phAؗڗ\^КҚԚ\^Лқ,.02NP\^<̢΢$&68:Lƿִ޴ޡޡޡޡxh9h).B*phh9h,B*phhXhWB*phhWB*phhBB*phhKhYB*phhKh,B*phhKh,jhph,B*UphhYB*phhph,B*phhXhpB*phhXh,B*ph/,lnʪ̪ЮҮ8Llnް:FH<h´ƴȴҴԴ6BDֵصڵ޵ֵ֒֒֒֒֒֒֒֒hpB*phhphpB*phhph,B*phhXhpB*phhXh,B*PJphhXhBB*phhXh,B*phhKh,B*phhBB*phhKh`B*phh9h).B*phh9h,B*ph,ĶRTfh|~HJ:<(,<>¼ļƼʼ>@.,@flƹƤƤƤƤƹƅ~z~v~ohTd|h`hTd|h-hh`h`h,6B*phhpB*phhph,B*PJphhXhpB*phhBB*PJphhXh,B*PJphhXh,B*phhphpB*phhBB*phhph,B*ph hph,B*mHnHphu*LLN$&rJ
$dha$gd^$
_dh`a$gd"Z$dh`a$gd"ZlnFJLtvLN"$&ȽȵȦti[G&hN|h,B*fHphq
hKh56B*phh,56B*phhKh^56B*phhKh,56B*phh56B*phh^h,B*phhphdB*phhBh`B*phhphpB*phhph,B*phhXh,B*phh`h`6B*phh`hBh`h`hTd|hTd|DRFHp˳˞ˊyeTA$hph,B*PJmHnHphu hB*fHphq
&hphB*fHphq
 hBB*fHphq
&hph,B*fHphq
hBB*PJphhN|hdB*phhN|h,B*\phhN|h,B*phhN|h,B*PJph&hN|h,B*fHphq
&hN|hYB*fHphq
pn*,NrJǼǼziz^ǘhphtB*ph!hphB*PJnH	phtH	!hph,B*PJnH	phtH	hph,B*\phhB*PJphhphB*PJphhph,B*PJphhph,B*ph$hph,B*PJmHnHphu$h^hB*PJmHnHphu$h^h,B*PJmHnHphuj|~fh(<ɸɭɡteYeOOBhph,B*\phhhiB*PJphhhi5B*PJphhhih,5B*PJphhhihhi5B*PJphhhihY5B*PJphhph,5B*PJphh5B*PJphhphpB*ph!hph,B*PJnH	phtH	hph,B*phhph,B*PJphhphtB*PJph!hph,B*PJmH	phsH	 V<"FVv	$Ifgd,$`a$gd,$dh`a$gddh`gd"Z$
Sdh`a$gd"Z$dh`a$gd"Z$
&Fdh^`a$gd"Z(*`bf$&@B"4Ի뎝xb*hph)
0JB*fHphq
*hph,0JB*fHphq
hph,5B*PJph&hph,B*fHphq
hB*PJphhph,B*PJphh0JB*\phhph,0JB*\phhB*phhph,B*phhB*\ph 468:









4V`NTd˾˾سؙؾxk^kTkh5B*phhphd5B*phhph,5B*phhK5B*phhphpB*PJphhhiB*PJphhph,5B*PJphhph,B*phhph)
B*phhph,B*PJphhph)
B*PJph&hph,B*fHphq
&hph)
B*fHphq
df8:fj "46XZ|ɸrhphB*CJaJphhph,B*CJaJphhB*CJaJphhH!5B*CJaJphhR5B*CJaJph hph,5B*CJaJphhB*phh#B*phhRB*phhph)
B*phhph,B*phhB*ph,vx|offff	$Ifgd,kdQ$$Ifl\Xn$XZ"$44
lalp(ytH!offff	$Ifgd,kd$$Ifl,\Xn$XZ"$44
lalp(ytH!&offff	$Ifgd,kd$$Ifl,\Xn$XZ"$44
lalp(ytH!,NfHJZ^8 :                   !! !ѻٳٚ~o`hph)
B*CJaJphhphB*CJaJphhH!5B*CJaJphhR5B*CJaJph hph,5B*CJaJphhH!B*phhRB*phhphRB*phhph)
B*phhB*phhph,B*phhph,B*CJaJphhB*CJaJph%&(,PX`offff	$Ifgd,kdѤ$$Ifl,\Xn$XZ"$44
lalp(ytH!`bfoffff	$Ifgd,kd$$Ifl,\Xn$XZ"$44
lalp(ytH!ofZff$$Ifa$gd	$Ifgd,kd$$Ifl,\Xn$XZ"$44
lalp(ytH! TE66$dh`a$gd"Z$dh`a$gd^kd_$$Ifl,\Xn$XZ"	($44
lalp(ytH!    !>!@!D!h!r!|!Ykdo$$Ifl\($($644
lalp(ytH!	$Ifgd,$`a$gd,
 !"!!!!!"""###"#$#(######$$$$$J$L$n$p$$%%%%%%%%%%%%%&&&ʷ·ʷʬ·ʷʷʷʷʟ”ʌhH!B*phhRB*phhphRB*phhph,5B*phhphB*phhph)
B*phhB*phhph,B*phhB*CJaJphhph,B*CJaJphhph)
B*CJaJph-|!~!!!!!neeee	$Ifgd,kd>$$Ifl,\($($644
lalp(ytH!!!!!!!neYee$$Ifa$gd	$Ifgd,kd$$Ifl,\($($644
lalp(ytH!!!!P"Z"^"SJJJJ	$Ifgd,kd$$Ifl,\($(	($644
lalp(ytH!^"`"p"t"|""neeee	$Ifgd,kd$$Ifl\($($644
lalp(ytH!"""#&&SD55-$a$gd,$dh`a$gd"Z$dh`a$gd^kd$$Ifl,\($(	($644
lalp(ytH!&&&&&& &2&4&V&X&v&x&<(>(P)Z)*****+ +"+X+ǸǸppbTIhph)
B*phhH!B*\nHphtHhcB*\nHphtH hph)
B*\nHphtH hph,B*\nHphtHhph,B*phh6&B*CJaJphhphB*CJaJphhph,B*CJaJphhB*CJaJphhH!5B*CJaJphhR5B*CJaJph hph,5B*CJaJph& &D&T&t&&&&&Ikd$$IfTlr"#	*8
T$644
laVp2ytH!T	$Ifgd,&&&&&&$','4'Ikd$$IfTl,r"#	*8
T$644
laVp2ytH!T	$Ifgd,4'>'@'D'f'p'z'I=$$Ifa$gd6&kd߯$$IfTl,r"#	*8
T$644
laVp2ytH!T	$Ifgd,z'''''(kdذ$$IfTl,r"#	*8
T	
2$644
laVp2ytH!T	$Ifgd,'(
((( ($(.(6(Ikd$$IfTlr"#	*8
T$644
laVp2ytH!T	$Ifgd,6(:(<(>((
$dha$gd^kd$$IfTl,r"#	*8
T	
2$644
laVp2ytH!T	$Ifgd,>(++,J-.Z0378<:T:X:n:|::$$Ifa$gdc	$Ifgd,$`a$gd,$dh`a$gd"ZX+Z+\+^+b+d+p+r+~++++++++++++,&,0,2,J,x,~,,,,v.x.........////////d1f122f3h3447788888888888ḰhH!B*phhRB*phhphRB*phhphdB*phhphcB*phhph)
B*phhph,B*phhcB*phD8<:L:N:R:T:X:z:;<<Z<\<`<JJPPP0PDPPPPPQQQQTRܱzogo\o\ogogoTIhUThUTB*phh,B*phhphcB*phhcB*phhph,B*phhph,5B*phhph)
B*CJaJphhph,B*CJaJphhcB*CJaJphhphcB*CJaJphhH!5B*CJaJphhR5B*CJaJph hph,5B*CJaJph#hph,5B*\nHphtH:::::::;G>>>>>>	$Ifgd,kdG$$Ifl4\X $	80$44
la_p(ytH!;;;; ;;;;;;;<
<<<<<<<=====>> >FfFfFfͶ	$Ifgd, >.><>L>N>R>>>>>>????V?d?r????????@@FfkFfLFf-	$Ifgd,@ @.@:@J@L@P@A"A0A>ALAXAhAjAnAAABB B,B<B>BBBBBFfFfFf	$Ifgd,BBBBBC
CCCCCCCCDDDDDD
EE"E2E4E:EEFf%FfFf	$Ifgd,EEEFF$F4F6F<FFFFFGGG G&GGHHH*H6HFHHHNHFfFfcFfD	$Ifgd,NHHHHHHHHIIpI~IIIIIIIIJ J.J<JHJTJdJfJFfFfFf	$Ifgd,fJlJzJJJJJJJJJM0OQUVWXXYZ[[X\\*^$dh`a$gd"Zdhgd^Ff	$Ifgd,TRVRUVVBVDVVVVVVVW
WXXXXXNXrXXXXYYYYYYZZZZ,ZZZp[r[t[v[x[[[\\,\0\\\\\\^^^^^^__8`:````ѻƻٰٰhnB*phhpheOB*phhphcB*phhph3B*phhcB*phhpB*phhph,B*phhUThUTB*phh-hB*phB*^^_N`TaacceegghijjkHlNmmn0opt uwyz$dh`a$gd"Z``&a*aLaPaaac
c~ccccccddnfrfffPhRhVhdhfhiiiiijjll8mJm@nFnnnoppp$q&qqlrnr좗*hRh,B*phh;;h;;B*phh;;h,B*ph hph,B*\nHphtHhphvB*phhph@uB*phhphnB*phh;;B*phhRB*phhnB*phhph,B*phhpB*ph2nru uwyyyyyyyzz{{{{{{,{.{@{ƾtaUF7UFhph>TpB*CJaJphhph,B*CJaJphh>TpB*CJaJph%hH!5B*CJ\aJnHphtH%hR5B*CJ\aJnHphtH+hph,5B*CJ\aJnHphtHh,5B*\nHphtH#hph,5B*\nHphtHhH!B*phhRB*phhphRB*phhnB*phhUThUTB*phh,B*phhph,B*phz{{>{^{`{d{{Jkd$$IflF$0$644
lalpytH!	$Ifgd,$`a$gd>Tp@{B{||>}D}ΆІl^`֊؊ފ
 "DFdfʺ²²²Ÿʎqhph>TpB*CJaJphhH!5B*CJaJph hph,5B*CJaJphhH!B*phhphRB*phh>TpB*phh;;B*phhRB*phhph,B*phhphRB*CJaJphhph,B*CJaJphh>TpB*CJaJph,{{{|||SJJ	$Ifgd,kdP$$IflF$0$644
lalpytH!$$Ifa$gdH!|||}}_VVJ$$Ifa$gdH!	$Ifgd,kd$$IflF$0$644
lalpytH!}}}Z~d~_VVJ$$Ifa$gdH!	$Ifgd,kd$$IflF$0$644
lalpytH!d~f~j~~~_VVJ$$Ifa$gdH!	$Ifgd,kd$$IflF$0$644
lalpytH!~~~_VVJ$$Ifa$gdH!	$Ifgd,kdP$$Ifl,F$0$644
lalpytH!_VVJ$$Ifa$gdH!	$Ifgd,kd$$IflF$0$644
lalpytH!
_VVJ$$Ifa$gdH!	$Ifgd,kd$$Ifl,F$0$644
lalpytH!:B_VVJ$$Ifa$gdH!	$Ifgd,kd	$$Ifl,F$0$644
lalpytH!BDJ_VVJ$$Ifa$gdH!	$Ifgd,kdP
$$IflF$0$644
lalpytH!āҁځ_VVJ$$Ifa$gdH!	$Ifgd,kd$$Ifl,F$0$644
lalpytH!ځ܁_VVJ$$Ifa$gdH!	$Ifgd,kd$$Ifl,F$0$644
lalpytH!"_VVJ$$Ifa$gdH!	$Ifgd,kd$$IflF$0$644
lalpytH!"$*px_VVJ$$Ifa$gdH!	$Ifgd,kdP
$$Ifl,F$0$644
lalpytH!xz_VVJ$$Ifa$gdH!	$Ifgd,kd$$Ifl,F$0$644
lalpytH!BJ_VVJ$$Ifa$gdH!	$Ifgd,kd$$Ifl,F$0$644
lalpytH!JLR_VVJ$$Ifa$gdH!	$Ifgd,kd$$Ifl,F$0$644
lalpytH!ą_VVJ$$Ifa$gdH!	$Ifgd,kdP$$IflF$0$644
lalpytH!ąƅʅօ_VJ>$$Ifa$gdH!$$Ifa$gd>Tp	$Ifgd,kd$$IflF$0$644
lalpytH!
JA5)$$Ifa$gdH!$$Ifa$gd>Tp	$Ifgd,kd$$Ifl,F$	0$644
lalpytH!PJ;,,$dh`a$gd"Z$dh`a$gd^kd$$Ifl,F$	0$644
lalpytH!P^@
2Bb	$Ifgd,$`a$gd>Tp$dh`a$gd"Z
/&&	$Ifgd,kd$$IflrX$0$644
lalp2ytH!$$Ifa$gdH!‹ҋ/&&	$Ifgd,kd$$Ifl,rX$0$644
lalp2ytH!ҋڋ$$Ifa$gdH!/&&	$Ifgd,kd$$Ifl,rX$0$644
lalp2ytH!fvxNn(*ҒԒ28F46
𾭾tjt`XMXhphRB*phh>TpB*phhRB*\phh;;B*\phhph,B*\phh;;h,56B*phhyh,B*phhRB*phhphdB*ph hph,B*\nHphtHhph,B*phh>TpB*CJaJphh;;B*CJaJphhphdB*CJaJphhph,B*CJaJph
$$Ifa$gdH!*/&&	$Ifgd,kdt$$Ifl,rX$0$644
lalp2ytH!*08@$$Ifa$gdH!@BFZ/&&	$Ifgd,kdd$$Ifl,rX$0$644
lalp2ytH!Z`hp$$Ifa$gdH!prv/&&	$Ifgd,kdT$$Ifl,rX$0$644
lalp2ytH!$$Ifa$gdH!Ȍ/&&	$Ifgd,kdD$$Ifl,rX$0$644
lalp2ytH!ȌΌ֌ތ$$Ifa$gdH!ތ/&&	$Ifgd,kd4$$Ifl,rX$0$644
lalp2ytH!$$Ifa$gdH!&/&&	$Ifgd,kd$$$Ifl,rX$0$644
lalp2ytH!&,4<$$Ifa$gdH!<>Db/&&	$Ifgd,kd$$Ifl,rX$0$644
lalp2ytH!bhpx$$Ifa$gdH!xz/&&	$Ifgd,kd$$Ifl,rX$0$644
lalp2ytH!$$Ifa$gdH!ʍ/&&	$Ifgd,kd$$Ifl,rX$0$644
lalp2ytH!ʍЍ؍$$Ifa$gdH!/&&	$Ifgd,kd$$Ifl,rX$0$644
lalp2ytH!"*2$$Ifa$gdH!24:P/&&	$Ifgd,kd$$Ifl,rX$0$644
lalp2ytH!PV^f$$Ifa$gdH!fhn/&&	$Ifgd,kd $$Ifl,rX$0$644
lalp2ytH!$$Ifa$gdH!Ȏ/&&	$Ifgd,kd!$$Ifl,rX$0$644
lalp2ytH!ȎΎ֎ގ$$Ifa$gdH!ގ/&&	$Ifgd,kd"$$Ifl,rX$0$644
lalp2ytH!$$Ifa$gdH!4/&&	$Ifgd,kd#$$Ifl,rX$0$644
lalp2ytH!48@H$$Ifa$gdH!HJNp/&&	$Ifgd,kd$$$Ifl,rX$0$644
lalp2ytH!px$$Ifa$gdH!kdt%$$Ifl,rX$	
20$644
lalp2ytH!ďΏҏ$$Ifa$gdH!	$Ifgd,ҏԏ؏/&&	$Ifgd,kd&$$Ifl,rX$0$644
lalp2ytH!$$Ifa$gdH!/&&	$Ifgd,kd'$$Ifl,rX$0$644
lalp2ytH!"&$$Ifa$gdH!&(kd($$Ifl,rX$	
20$644
lalp2ytH!(*$D	$Ifgd,$`a$gd>Tp$
dh1$`a$gd"Z$dh`a$gd"Z
$dha$gd^&(RTlXŷŝsbZH#hph,5B*\nHphtHh>TpB*ph h^h,B*\nHphtHhBEB*CJaJphhph>TpB*CJaJphhph,B*CJaJphh>TpB*CJaJphhH!5B*CJaJphhR5B*CJaJph hph,5B*CJaJphhph,5B*\phhRB*phhph,B*phhH!B*phDFJ~~r$$Ifa$gdH!	$Ifgd,wkd)$$IflF$0$44
lalpytH!~~r$$Ifa$gdH!	$Ifgd,wkdl*$$Ifl,F$0$44
lalpytH!~~r$$Ifa$gdH!	$Ifgd,wkd.+$$Ifl,F$0$44
lalpytH!(0~~r$$Ifa$gdH!	$Ifgd,wkd+$$Ifl,F$0$44
lalpytH!026DL~~r$$Ifa$gdH!	$Ifgd,wkd,$$IflF$0$44
lalpyt"ZLNR|~~r$$Ifa$gdH!	$Ifgd,wkd-$$Ifl,F$0$44
lalpyt"Z~rf$$Ifa$gdH!$$Ifa$gd>Tp	$Ifgd,wkd.$$Ifl,F$0$44
lalpyt"ZlXptrcSccG>	$Ifgd,$`a$gd>Tp$dh1$`a$gd"Z$dh`a$gd"Zkd.$$Ifl,F$0	$44
lalpytH!Xjnprt
TV.0NP~Z^`x|~ôô~~vk~hUThUTB*phhUTB*phhgbB*phh
f\B*phhph,B*phhgbB*CJaJphhph>TpB*CJaJphhph,B*CJaJphh>TpB*CJaJphh>Tp5B*\nHphtHhH!5B*\nHphtH#hph5B*\nHphtH(t
WK$$Ifa$gdH!kd/$$IflFh$h	0$44
lalpytH!	$Ifgd,
JT`WWK$$Ifa$gdH!	$Ifgd,kd0$$Ifl,Fh$h	0$44
lalpytH!TVZ`WWK$$Ifa$gdH!	$Ifgd,kdB1$$Ifl,Fh$h	0$44
lalpytH!$.`WWK$$Ifa$gdH!	$Ifgd,kd1$$Ifl,Fh$h	0$44
lalpytH!.04`WWK$$Ifa$gdH!	$Ifgd,kd2$$Ifl,Fh$h	0$44
lalpytH!`WWK$$Ifa$gdH!	$Ifgd,kdy3$$Ifl,Fh$h	0$44
lalpytH!`WWK$$Ifa$gdH!	$Ifgd,kd64$$Ifl,Fh$h	0$44
lalpytH!FN`WWK$$Ifa$gdH!	$Ifgd,kd4$$Ifl,Fh$h	0$44
lalpytH!NPTv~`WK?$$Ifa$gdH!$$Ifa$gdgb	$Ifgd,kd5$$Ifl,Fh$h	0$44
lalpytH!~lZ^K<---$dh`a$gd"Z$dh`a$gd^kdm6$$Ifl,Fh$h		0$44
lalpytH!^xجlįƯȯNkdT7$$Ifl40$
t0$644
la]pytH!	$Ifgdl$`a$gdgb$dh`a$gd"ZҬ֬جįƯ"$tvx|±ȱ68ڲܲ46z|ֵصTòsdddXXssssssshgbB*CJaJphhTd|hlB*CJaJph/hphl6B*CJOJQJ]^JaJph/hphl5B*CJOJQJ\^JaJphhphlB*CJaJph hph,5B*CJaJph%hH!5B*CJ\aJnHphtH+hph,5B*CJ\aJnHphtHhph,B*phhH!B*ph"ȯدBkd
8$$Ifl4,F$a	
t0$644
la]pytH!	$Ifgdl"G>>>	$Ifgdlkd8$$IflF$a	
tP0$644
la]pPytH!"$bhtG>>>	$Ifgdlkd9$$IflF$a	
tP0$644
la]pPytH!tv"*6G>>>	$Ifgdlkd:$$Ifl,F$a	
tP0$644
la]pPytH!68ȲβڲMDDD	$Ifgdlkd;$$IflF$a	
t0$644
la]pytH!ڲܲ"(4MDDD	$Ifgdlkd<$$IflDF$a	
t0$644
la]pytH!46MDDD	$Ifgdlkd=$$Ifl,F$a	
t0$644
la]pytH!MDDD	$Ifgdlkdr>$$Ifl	F$a	
t0$644
la]pytH!fnzMDDD	$IfgdlkdV?$$IflF$a	
t0$644
la]pytH!z|ĵʵֵMDDD	$Ifgdlkd:@$$IflF$a	
t0$644
la]pytH!ֵصBHTMDDD	$IfgdlkdA$$Ifl,F$a	
t0$644
la]pytH!TVȶжܶMDDD	$IfgdlkdB$$IflF$a	
t0$644
la]pytH!TVܶ޶DF$&02DFnprHN6BNPŽŽŽŽţuju_hphSB*phhph~CB*phhphsB*phhphWbB*phhgbB*CJaJphh%y~B*CJaJphhph,B*CJaJphhphgbB*phhgbB*phhph,B*phhlB*phhphlB*CJaJph/hphl6B*CJOJQJ]^JaJph%ܶ޶pxMDDD	$IfgdlkdB$$Ifl1F$a	
t0$644
la]pytH!2:DMDDD	$IfgdlkdC$$IflF$a	
t0$644
la]pytH!DF$MDDD	$IfgdlkdD$$IflF$a	
t0$644
la]pytH!$&MDDD	$IfgdlkdE$$Ifl5F$a	
t0$644
la]pytH!x~MDDD	$IfgdlkdvF$$Ifl/F$a	
t0$644
la]pytH!MDDD	$IfgdlkdZG$$Ifl,F$a	
t0$644
la]pytH!ֻPG88888$dh`a$gd"Zkd>H$$Ifl,F$a	
t0$644
la]pytH!6(DB<dbH( 6FZ$Hdh`Ha$gd^$dh`a$gd"Z$dh^`a$gd"ZP\^,"$(@BDPp@BHJL8:<re[eh5B*phhBBh,5B*phhBBhD-S5B*phhBBhBB5B*phhgbhrB*phhgbh%y~B*phhgbh
B*phhl5B*phhrB5B*phhgb5B*phhph8B*phhph~CB*phhphsB*phhgbB*phhphSB*ph<*.bd `fhFLN "2lzVpVXhUThUTB*phhyh,B*phh%y~B*phhB*phhhgbB*phhh,B*phhgbB*phhph,B*\phhph,B*ph@:>
XZ ^l`d ()****h+l+.00黰ֻֻֻքքyhI]xhI]xB*phhI]xhUTB*phh,B*phhC3uh,56B*phhyh,B*phhphdB*phhph,B*phhUTB*phh-hB*phhB*phhyhUTB*phhUThUTB*phhphB*ph/ ).04:AnERWj|}jHrj,dh`gdl$dh`a$gd"Z066:;<>>??6@8@DDrDvDDDjE.FF^GRHTH2IMMLNjO~RRRWWWWWW8Y:YNYPYYYYZZwwh1UB*phh-hB*phhI]xhSiB*phhSiB*phh,B*phhI]xB*phhyh,B*phhyhI]xB*phhI]xhI]xB*phhTPB*phh3^hC3uB*phh3^h,B*phhphdB*phhph,B*ph.ZZ*\,\____2c4ccceeeeeeeeZf\f^fffffgghhhh&i(i*i.i2i<ivi~ii"j$jjjjjkk>l@lBlDll(n*nJnVn(ooh##B*phhKh,B*phhphdB*phhI]xhSiB*phhphSiB*phhSiB*phhI]xB*phhI]xhTPB*phhI]xhI]xB*phhph,B*ph<oopprp$r(rrrsstttPvvwwwhwjwxyyyyzzNzZzzz{{{ {"{0{||||||8}V}z}|}68vzބ˵˪ˢ˚隒hKhu_h,B*phhu_B*phhI]xB*phhI]xhSiB*phhSihSiB*phhKhI]xB*phhI]xhI]xB*phhphSiB*phhSiB*phhph,B*phhphdB*ph6Ƈȇ؇ڇއz|҉ԉЍԍp~
FH`vxܢޥRT ø˭˥ݭ˥ݭݭݭhOchZB*phhOcB*phhOchOcB*phhphZB*phhB*phhph,B*phhKhZhZB*phh,AB*phh,AhZhKhu_hSi< Hƽj~,2BF
"0LRøååumuuuuuueuh:B*phh##B*phhphdB*phhBBhd5B*phhBBhBB5B*phhZh-hB*phhZh,B*phhZB*phhBBh,B*phhZh,5B*phhZh5B*phhph,5B*PJphhph,B*phhB*ph&,xN:F069DJJFRV[$dh1$`a$gd"Z$
Sdh`a$gd"Z$dh`a$gd"Z~jln(*<>fhj<>
fj26dfJL:<6پٳ٫٣h4YB*phh[pB*phhphdB*phh##B*phhphZB*phhZB*phhphdB*phh:B*phh?B*phh?h?B*ph?68BDxz
 $&BDLNnptv		


^`HJʾʾ젓xh4YB*PJph!hphdB*PJmH	phsH	hphdB*PJph$hphdB*PJmHnHphuhphpB*phh4YB*\phtHhphdB*\phtHhph4YB*phh4YB*phhphdB*phh
f\B*ph/"$\:<%%%%&&&&((+T,\,^,l,r,,8-:-L-N-T-V-p-r-r.t..˷˪˷uuuuhhphB*PJphh4YB*PJph.hphdB*fHmH	phq
sH	h4YB*phhphB*phhphpB*PJph&hphdB*fHphq
hphdB*PJphhphpB*ph!hphdB*PJnH	phtH	hphdB*ph(....44.66666x7899::===>>>>??F?J?????@@AAAAJCDKK$K&K2M4MOOOOOOPP|P~PPPPP SззȬЬФзЙȬȬЙЙhphB*phh
f\B*phhph4YB*ph hphdB*\nHphtHh4YB*phhphdB*phh4YB*PJphhphdB*PJphhphB*PJph< S"S$SSSSSTU UFUVVXXXl\n\v\x\]^^^l`.alaaaaaccdBd韔~sks``hph B*phhyB*phhph4B*phhph3B*phhphUdB*phhph(B*phhphVB*phhphB*phhphF:B*phhphD4\B*phhph4YB*phhphMB*phh4YB*phhphdB*phhphB*ph"[]aldhhhhhhhhhii@iBiDiFiHi$a$
$dha$gd_;$dh`a$gd"ZBdDdjd4e6eZe\efffXgjgggggggghhh
hhhhhhhhhhiii4i6i<i>iBiDiFiHiûh:`h>t!mHnHuhgvhjhgvhUhjhUh_;B*phh^B*phhphB*phhphgB*phhphJB*phhph B*phh/B*ph*5
01}:p". A!"S#n$n%$$If!v
h#v#v#v	H#v	
:Vl
t0$555	H5	
yt1$%kd$$Ifl
8<\$HHHHHH
t0$((((44
layt1$$$If!v
h#v#v#v	H#v	
:Vl
t0$555	H5	
yt1$%kd$$Ifl
8<\$HHHHHH
t0$((((44
layt1$$$Ifd!vh#v#v#v:Vl0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 	0$6,555adpyt#$$Ifd!vh#v#v#v:Vl 	0$6,555adpyt#$$If_!vh#v#v#v#v#v#vH:Vl40$)v,555555Ha_f4pFyt#kd$$$Ifl4֞@H!$HH0$44
la_f4pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kdA$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kdL$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl,0$,555555Ha_pFyt#kdW $$Ifl,֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kdb#$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kdm&$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kdx)$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl,0$,555555Ha_pFyt#kd,$$Ifl,֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kd/$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kd2$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kd5$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kd8$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kd;$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kd>$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kdA$$Ifl֞@H!$HH0$44
la_pFyt#
$$If_!vh#v#v#v#v#v#vH:Vl0$,555555Ha_pFyt#kdD$$Ifl֞@H!$HH0$44
la_pFyt#$$If_!vh#vu#v#v:Vl$,5u55//
/a_pyt#$$If_!vh#vu#v#v:Vl,$,5u55////a_pyt#$$If_!vh#vu#v#v:Vl,$,5u55////a_pyt#$$If_!vh#vu#v#v:Vl,$,5u55////a_pyt#$$If_!vh#vu#v#v:Vl,$,5u55////a_pyt#$$If_!vh#vu#v#v:Vl,	$,5u55////a_pyt#$$If_!vh#v#vP#v`	:Vla$,55P5`	//
/a_pyt#$$If_!vh#v#vP#v`	:Vl,$,55P5`	////a_pyt#$$If_!vh#v#vP#v`	:Vl,$,55P5`	////a_pyt#$$If_!vh#v#vP#v`	:Vl,$,55P5`	////a_pyt#$$If_!vh#v#vP#v`	:Vl,$,55P5`	////a_pyt#$$If_!vh#v#vP#v`	:Vl,	$,55P5`	////a_pyt#$$If_!vh#vu#v@#v:Vl$,5u5@5//
/a_pyt#$$If_!vh#vu#v@#v:Vl,$,5u5@5////a_pyt#$$If_!vh#vu#v@#v:Vl,$,5u5@5////a_pyt#$$If_!vh#vu#v@#v:Vl,$,5u5@5////a_pyt#$$If_!vh#vu#v@#v:Vl,$,5u5@5////a_pyt#$$If_!vh#vu#v@#v:Vl,$,5u5@5////a_pyt#$$If_!vh#vu#v@#v:Vl,	$,5u5@5////a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl,0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl,0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl,0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$6,555a_pyt#$$If_!vh#v#v#v:Vl,0$6,555a_pyt#$$If_!vh#v#v#v:Vl,	0$6,555a_pyt#$$If_!vh#v#v#v:Vl,	0$6,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl,0$,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl,0$,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl,0$,555a_pyt#$$If_!vh#v#v#v:Vl,0$,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl0$,555a_pyt#$$If_!vh#v#v#v:Vl,	0$,555a_pyt#$$If_!vh#v#v#v:Vl,	0$,555a_pyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl4	Z0%)v	,	55p55H55	8alf4pZyt#kdm$$Ifl4	P
 %pH88	Z0%$$$$44
lalf4pZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl,	Z0%,	55p55H55	8alpZyt#kdr$$Ifl,	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl	Z0%,	55p55H55	8alpZyt#kdsv$$Ifl	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl,	Z0%,	55p55H55	8alpZyt#kdz$$Ifl,	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl	Z0%,	55p55H55	8alpZyt#kd9$$Ifl	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl	Z0%,	55p55H55	8alpZyt#kd$$Ifl	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl	Z0%,	55p55H55	8alpZyt#kd$$Ifl	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl	Z0%,	55p55H55	8alpZyt#kdb$$Ifl	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl	Z0%,	55p55H55	8alpZyt#kdŐ$$Ifl	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl,	Z0%,	55p55H55	8alpZyt#kd($$Ifl,	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl	Z0%,	55p55H55	8alpZyt#kd$$Ifl	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!v	h#v#vp#v#vH#v#v	8:Vl	Z0%,	55p55H55	8alpZyt#kd$$Ifl	P
 %pH88	Z0%$$$$44
lalpZyt#$$Ifl!vh#vX#vZ#v#v":Vl$,5X5Z55"//
/alp(ytH!$$Ifl!vh#vX#vZ#v#v":Vl,$,5X5Z55"////alp(ytH!$$Ifl!vh#vX#vZ#v#v":Vl,$,5X5Z55"////alp(ytH!$$Ifl!vh#vX#vZ#v#v":Vl,$,5X5Z55"////alp(ytH!$$Ifl!vh#vX#vZ#v#v":Vl,$,5X5Z55"////alp(ytH!$$Ifl!vh#vX#vZ#v#v":Vl,$,5X5Z55"////alp(ytH!$$Ifl!vh#vX#vZ#v#v":Vl,	($,5X5Z55"////alp(ytH!$$Ifl!vh#v(#v#v#v:Vl$6,5(555//
/alp(ytH!$$Ifl!vh#v(#v#v#v:Vl,$6,5(555////alp(ytH!$$Ifl!vh#v(#v#v#v:Vl,$6,5(555////alp(ytH!$$Ifl!vh#v(#v#v#v:Vl,	($6,5(555////alp(ytH!$$Ifl!vh#v(#v#v#v:Vl$6,5(555////alp(ytH!$$Ifl!vh#v(#v#v#v:Vl,	($6,5(555////alp(ytH!$$IfV!vh#v8#v
#v#v#vT:Vl$6,585
555T//
/aVp2ytH!T$$IfV!vh#v8#v
#v#v#vT:Vl,$6,585
555T////aVp2ytH!T$$IfV!vh#v8#v
#v#v#vT:Vl,$6,585
555T////aVp2ytH!T9$$IfV!vh#v8#v
#v#v#vT:Vl,	
2$6,585
555T////aVp2ytH!T$$IfV!vh#v8#v
#v#v#vT:Vl$6,585
555T////aVp2ytH!T9$$IfV!vh#v8#v
#v#v#vT:Vl,	
2$6,585
555T////aVp2ytH!T$$If_!vh#v#v	#v#v8:Vl40$+++,55	558a_p(ytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl4	P0$+++,55	5585(558a_pPytH!kd.$$Ifl4ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kdb$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kd$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kd$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kd$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kd$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kd$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kd$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kd;$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kdZ$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kdy$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kd$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kd$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kd$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl	P0$,55	5585(558a_pPytH!kd$$Iflִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kd$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kd3$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kdR$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$If_!vh#v#v	#v#v8#v(#v#v8:Vl,	P0$,55	5585(558a_pPytH!kdq$$Ifl,ִx8pX $	8(8	P0$    44
la_pPytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,	0$6,555alpytH!$$Ifl!vh#v#v#v:Vl,	0$6,555alpytH!$$Ifl!vh#v#v#v#v#v:Vl0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!0$$Ifl!vh#v#v#v#v#v:Vl,	
20$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!$$Ifl!vh#v#v#v#v#v:Vl,0$6,55555alp2ytH!0$$Ifl!vh#v#v#v#v#v:Vl,	
20$6,55555alp2ytH!$$Ifl!vh#v#v0#v:Vl$,5505//
/alpytH!$$Ifl!vh#v#v0#v:Vl,$,5505////alpytH!$$Ifl!vh#v#v0#v:Vl,$,5505////alpytH!$$Ifl!vh#v#v0#v:Vl,$,5505////alpytH!$$Ifl!vh#v#v0#v:Vl$,5505/
////alpyt"Z$$Ifl!vh#v#v0#v:Vl,$,5505/alpyt"Z$$Ifl!vh#v#v0#v:Vl,$,5505////alpyt"Z$$Ifl!vh#v#v0#v:Vl,	$,5505////alpytH!$$Ifl!vh#vh#v#v	:Vl0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,0$,5h55	alpytH!$$Ifl!vh#vh#v#v	:Vl,	0$,5h55	alpytH!$$If]!vh#v#v:Vl4
t0$6+,55a]pytH!$$If]!vh#v#va#v:Vl4,	
t0$6+,55a5a]pytH!$$If]!vh#v#va#v:Vl	
tP0$6,55a5a]pPytH!$$If]!vh#v#va#v:Vl	
tP0$6,55a5a]pPytH!$$If]!vh#v#va#v:Vl,	
tP0$6,55a5a]pPytH!$$If]!vh#v#va#v:Vl	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:VlD	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl,	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl		
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl,	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl1	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl5	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl/	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl,	
t0$6,55a5a]pytH!$$If]!vh#v#va#v:Vl,	
t0$6,55a5a]pytH!^&02 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~_HmHnHsHtHB`B4c1KG=K9CJ_HaJmHsHtH^@^,03>;>2>: 1$$d@&5B*OJQJ\ph6_`@`?03>;>2>: 2$<@& 56OJQJ\]mHsHtHBA`BA=>2=>9 H@8DB 0170F0Xi@X1KG=0O B01;8F04
l4a.k .
5B A?8A:0lol^A=>2=>9 B5:AB A >BABC?>< =0:CJ_HaJmHsHtHfC@f^A=>2=>9 B5:AB A >BABC?><$dh`a$aJ>^@>,
1KG=K9 (251)CJaJDU`!D	,8?5@AAK;:07>*B*S*Y(ph+Xz4o14,
num_delim1CJaJ8oA8,
current_text15\4Q4,serp-url__itemBOaB,apple-converted-spacehoqh,03>;>2>: 1 =0:/5B*CJOJQJ\_HaJmHph6_sHtHH@H,170F A?8A:0
^m$CJaJ<B<,A=>2=>9 B5:ABxFoFd =0: =0:1CJ_HaJmHsHtH\o\?03>;>2>: 2 =0:$56CJOJPJQJ\]^JaJJ Jj*86=89 :>;>=B8BC;

E$4)4j*><5@ AB@0=8FKpp`o
!5B:0 B01;8FK7:V0X@X"1B05@E=89 :>;>=B8BC;

E$mHsHtHR@R!p
"5:AB 2K=>A:8 CJOJQJaJmHsHtHPoP p"5:AB 2K=>A:8 =0:CJOJQJ^JaJNo!Nm05@E=89 :>;>=B8BC; =0:CJaJfO2fHList Paragraph#d^m$CJOJPJQJaJtH	<@B<^I"5:AB A=>A:8$CJaJ2&`Q2^I=0: A=>A:8H*PK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭V<a(7IR{pgL=r85v&uQ뉑8CX=$␴?6NJCFB.ʹ'.+YT^e55 ð_g -;Ylݎ|6^N`?[PK!֧6_rels/.relsj0}Q%v/C/}(h"O
= C?hv=Ʌ%[xp{۵_Pѣ<1H0ORBdJE4b$q_6LR7`0̞O,En7Lib/SeеPK!kytheme/theme/themeManager.xmlM
 @}w7c(EbˮCAǠҟ7՛K
Y,
e.|,H,lxɴIsQ}#Ր ֵ+!,^$j=GW)E+&
8PK!^}-theme/theme/theme1.xmlYnE#':U
i-qN3'JH DA\8  R>CWNIA!ޝ}7/݉%BR7Hw9!p<Ǥፉ.EB\
/T*Y>,cy'$gC."Vso+C1OǓt}8>V3mBb%DWs'O''Gw	~lh;UM!DzŬ;CK^ysJJ1KRμ)~.ک/
Y\n9?[]<kj3YYޭbft7zej@6_,Y\kYsTs2̠u@;{rQ
_r%OQ
yiC^osMȰ1RQ_PO/gl$}AO0͔ߋ߿x?:޽-#jA.WVE?|˓OˁPNSu}~ۣg_|wKkDfjNt"ZHc-[4:MzvR<(
HWnrΚ\zኖUpsoŨxLvN|ۣj᭐8jn1+(BJEM.P[51-uIlm2.f&jrVf:uP(#qe<R8*c+:*VaݱT0"eu~C+
&G.R(S*漈\;GIK㰈}O@bU|!8>67)qnpJOF$	w;fCLL&׸m%]V%z-{
v8Ҩm-.xo(-ms~ۜ|s>Ͼ%O04h=یщ!eƌ\f
:C*OiIA64HpUa7	UO3	d:(fA@٣>N"Hhp&hA38)SUUR'V5&HM.6xpyn,ބ!h^^Z4~0#w,,&
g"Ic힍Q)˕C6%^+Hk!$A*#.D)irdq8Y^}q~C>Np%uJx?+al|zf[Ux5b>c!:M
(MkIVEpYPҍN2$ÿ
-.h۴"P6T{T
6]u̒VhVnR+n;)ȔbL	X6Y`+qB](	0H1$6_[s)k8Tm Aa?R dڒɾ0{eRF&
Ī't\{BHuM6`pGϽO+!XoN'^[crh2*tW<{1U+l_QSncX<)Q(wJH
ٯ#zCm>nhf6t}M&ʺ6ײ'\gkNS:;\qN-S;kǺ"{DailL`̗/޿
^o#I&%0]SPV!]PK!
ѐ'theme/theme/_rels/themeManager.xml.relsM
0wooӺ&݈Э5
6?$Q
,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧60_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!^}-theme/theme/theme1.xmlPK-!
ѐ'	theme/theme/_rels/themeManager.xml.relsPK]
<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<a:clrMap xmlns:a="http://schemas.openxmlformats.org/drawingml/2006/main" bg1="lt1" tx1="dk1" bg2="lt2" tx2="dk2" accent1="accent1" accent2="accent2" accent3="accent3" accent4="accent4" accent5="accent5" accent6="accent6" hlink="hlink" folHlink="folHlink"/>V*	,,,,,/DPt =XĭZ,R8[JuPh*N^FV#*E4TZvlp4d !&X+8TR`nr@{fXTP<0Zo 6. SBdHi	3<HU^_`bcdefhijkln.9vH\p?nX BYdl҄.nj66TZ6Ν^D~¼\ƾxP."*T.,JzLV2Dh&

01Uv&` |!!!^""&&4'z''6(>(:; >@BENHfJ*^z{|}d~~Bځ"xJąPҋ*@ZpȌތ&<bxʍ2PfȎގ4Hpҏ&(D0Lt
T.N~^ȯ"t6ڲ4zֵTܶD$,[Hi	



 !"#$%&'()*+,-./012456789:;=>?@ABCDEFGIJKLMNOPQRSTVWXYZ[\]agm
6LX`V*XXX$(/!8@0(	
B
S	?_GoBackW*W*	J%K%L%M%N%O%P%Q%R%-QQRSxYYh}W*3QQRS~YYj}W*9*urn:schemas-microsoft-com:office:smarttagsplaceC	*urn:schemas-microsoft-com:office:smarttagsmetricconverterC200632007 3200832010 320113201332014 3	ProductID							GHĩ̩'
.>EE|}}݁΃CM˟ԟǠ6?*Rcel|ֳݳJNOVY`ŵrzEM$+Ufho;;;;;;<<$<.<K!KdkOX'*(*(***+*+*-*.*0*1*3*4*Q*T*W*jImMW!"%z/1;<EGS'UWW:X'Z\\]^jgzi{ikkmmooqqss5v6vxxyxezd~o~13ֈݚŦЦK۫|}~GQt$=DMq@Mu1je

%G'R'=4566????UEZEO}Q	XXaabbTe]eAgHghhoov
w5}=}݁}΃O5B3=BU_>]g#M̨	:?6{|&RFvxz--./55::CCOOSTUVFfWflf;hAhHhhho orruu_vwxz{{}}!#(,wУ>A$0*,nqyGNOh`e"<68IcoBT.3M3/5DMK9WR[#!@##$$&(())(***+*-*.*0*1*3*4*T*W*3!W.W9XKdel͏͕	h6P=K+9,Gi<<
==B====1>9>d>l>>>??H?_???@@M@@D,EEEEEEFFF~FFFFFFFFYGxGyG{GGHHHhHHHHHHHHOInIoIqIIJJJdJJJJJJJJWKwKxK{KK
LLLxLLLLLM8VjVVVVVWRWSWYW=ZZZZZ[)[^[_[e[_`:hhii{iiiijjjj[kck%l-lhlqlmmummmmmmttuuTv\vvv=wEwww!x)xxxxxyyyzzzz$z~~~~~!"RSUف>q˃pԄr3Xf!6zSyLX/	d	e	}			>@B=<i:"OE5j13d333#4+44444 5(55555O6W66677?7G7j7r77777#8)8888888+;=$BWB{BBBBBBFCCCCEEEF2F:FWF_FFFFFFG+GlGmGrGLLLLMMMN:NmNNNO OCOMOOOOPePpPPPPPQ!QjQuQQQ<RERRRR
SFYTY@Gz"*'*(*)***+*,*-*.*0*1*3*4*T*W*no89]?^?WW9X:X__zdzdzz		45nouu_`giDDXpYpXXّڑAA]]
SSFYFYTYTYN[O['*(*(***+*+*-*.*0*1*3*4*Q*T*W*
 n4%09s^6(4WD%>:y4En>0Krvkċc}mZAAD}F⸌~8h
hh^h`hH.h
88^8`hH.h
L^`LhH.h
		^	`hH.h
^`hH.h
xLx^x`LhH.h
HH^H`hH.h
^`hH.h
L^`LhH.h^`OJQJo(hHh^`OJQJ^Jo(hHohp^p`OJQJo(hHh@^@`OJQJo(hHh^`OJQJ^Jo(hHoh^`OJQJo(hHh^`OJQJo(hHh^`OJQJ^Jo(hHohP^P`OJQJo(hH^`o(.
^`hH.
pL^p`LhH.
@^@`hH.
^`hH.
L^`LhH.
^`hH.
^`hH.
PL^P`LhH.h
^`hH.h
^`hH.h
pLp^p`LhH.h
@@^@`hH.h
^`hH.h
L^`LhH.h
^`hH.h
^`hH.h
PLP^P`LhH.h
hh^h`hH.h
88^8`hH.h
L^`LhH.h
		^	`hH.h
^`hH.h
xLx^x`LhH.h
HH^H`hH.h
^`hH.h
L^`LhH.^`OJQJo(-^`.pp^p`.@@^@`.^`.^`.^`.^`.PP^P`.h
^`hH.h
pp^p`hH.h
@L@^@`LhH.h
^`hH.h
^`hH.h
L^`LhH.h
^`hH.h
PP^P`hH.h
 L ^ `LhH.h^`5o(hH.)H^)`Ho(..
H^
`Ho(...H^`Ho(....	H^`Ho(
.....	H^`Ho(......	
^`o(.......	
^`o(........	
0^0`o(.........h
^`hH.h
^`hH.h
pLp^p`LhH.h
@@^@`hH.h
^`hH.h
L^`LhH.h
^`hH.h
^`hH.h
PLP^P`LhH.h
^`hH.h
^`hH.h
pL^p`LhH.h
@^@`hH.h
^`hH.h
L^`LhH.h
^`hH.h
^`hH.h
PL^P`LhH.D%>rv>0K	~>0K9s^6c}4%AD}y4E 

ui
rn22kOrn2G@	rn2K\rn2,?rn2j	*rn2rn2
Krn23`^Prn2JN[rn2#jrn2[-orn2r.{urn2Lz&Krn243O&vbpe/3By
S )
sv suG%g/'ePll>"##8J]* hM !5#!>t!"%"#1$H5$6&'j*a+D,G/w/Y05t14233.3$5V*5-5A45/8F:;;a<q<*>l6>5@;n@AtfD8qD&uD]EBEpG
H?H^IV&K%MND-S-S1UVlX4Y}zYZ"ZD4\e4\MY\
f\]3^M^jS^4`:`zaWb2cddUdxd'e^/f-hgvhSi*&ihi|ziCjy(lm`opJpTp>Tp[pxvppGqo#rLsrsC3u@uv
wqPwx'xI]xyN|Td|%y~Q,A,#ROR,X&&3?MX4c]bdH!uBB#:^*}u_1B~:EJl-/3Whce3;qLP,cQp$=EV;4^w]3@1+:VNcHDkD'@}).R<(UAhm>eO9d]kH(nL4-tyrqKv&Bkgb~CLa{8U?+rBTPuy_v	R23CPKF`<uJ_;}t
4>jb`N6<	"6UTk%vQ6lQ!`y.WOcU38CQiY/r)I/8AaY(***@X{EFHJLM[V*BFJ\4
*@Unknown
G*Ax	Times New Roman5Symbol3.*Cx	ArialkNewtonC-ModifiedArial Unicode MS7.@Calibri7@Cambria5..[`)Tahoma?=	*Cx	Courier New;WingdingsA$BCambria Math"1hB2GgB2Gg25gx=vx=vnx24((2qHP	?4c2!	xx=0;8B8G5A:89 >BG5B ?> B5<5:Customer	IzotovaLV4
	Oh+'0d	
 ,
8DLT\    :CustomerNormalIzotovaLV2Microsoft Office Word@@)ệ@|K@|Kvx=՜.+,D՜.+,\hp
SPecialiST RePack(   :	 8@_PID_HLINKSA='7http://www.e-vid.ru/index-m-192-p-63-article-40025.htm|hhttp://yandex.ru/clck/jsredir?from=yandex.ru%3Byandsearch%3Bweb%3B%3B&text=&etext=641.RQmustjPZR9EBBvTIX62mPcJle5u6I26VG6YGpwiWus.96350cc625ce19b8152e9bfbff3d68d100dedfa9&uuid=&state=AiuY0DBWFJ4ePaEse6rgeKdnI0e4oXuRYo0IEhrXr7w0L24O5Xv8RnUVwmxyeTliQI-KbE6oCBXXV51kSa2gq0HSA1TiqOpjujgv308I641jSoJ0US-RiBLCpLwcK2fxOFaKV8jTx1zZSH9Ab-PE1dCOZgUSIYR7tAebi56GobYvjkKXnlitNuspJJILOryyU8d9ucXOSSf3mG8SYoYzFrlYCZbjex38Pc1fCh_pY05LkB-HP2yyNZvsUmhs2seS-629LNvkWhGwByteXkADjChwsQP4ZiR6icB56TGWvpAR6VljilW1tbqSgzV50fm-K0W--qNCmyDtbF-OlN7uWxiOmBDrALBiScruSr1bJjHR3zw_CYqmlID3ZPth5GALDyu6pmFJnVMWcGnJtugoRlVD29PfV-cKTZynKgCLslT2gqYVDk0fHFeVjaR8Kj2rAInXl_nFS6J9watB0fUPxyUPMn8RXeABUBSKJh22PJNmMwhckKwNlOkfdl9h6APsM9qm0NAg_hhyFco4NZIBnLM3tsXhQKL2mupielcrQdze647Cn_4RLU-IQ5dS2dWHQ6vjsSoCnKGGSkNHzL7td2O4cPmJCWm_d4-tJp3idAIoO2mgmlmvHw&data=UlNrNmk5WktYejR0eWJFYk1LdmtxbW9iajlOZE9UY2haM2otSU9tVGZnWnByWWMyUG5ieW5XRjd6R0lna3R6RmdGQmstSldRN3dkYzA3UU5kVm1RTk9kdC1RT1Z3bmZrNkE0VVh0Qldudzg&b64e=2&sign=2f95041c5e7708542d4bacefc4d7346f&keyno=0&ref=cM777e4sMOAycdZhdUbYHtkusEOiLu3mrcs1BCKzuV30ChKKc9XgRPyB-kdlV1BZlIqBzZNdSnjs-64PDlaaoG_wEOPxnfs624zkeb78LOWt8kBV-xx5Ca8RuqnFPTC9AFE6AQyIlYm194ZP3MUfprijH2fQdmadSWoNdJpUf58INsY7fhPJAgvepHTdpsyjuJF1D2T7B2Y1Jx1-aQLAmSpL_b0-UzrY&l10n=ru&cts=1427568222603&mc=28)cconsultantplus://offline/ref=EA0B6C90BEF8E30FCC323971EA2313E1AF3EC6C3B1614CDCC5735E894C920C5FH565H	

 !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~	

 !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~	

 !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~	

 !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~	

 !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnoqrstuvwxyz{|}~	

 !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIKLMNOPQSTUVWXYfRoot Entry	F%LhData
p.I1TableQiWordDocument7SummaryInformation(JDocumentSummaryInformation8RCompObjr
	F  Microsoft Word 97-2003
MSWordDocWord.Document.89q