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C:>2>48B5;8 :><?0=88 AG8B0NB, GB> ?@028;L=0O <>B820F8O @01>B=8:>2 A> AB>@>=K @C:>2>4AB20 2;5G5B 70 A>1>9 040?B0F8N @01>B=8:0 A >@30=870F859, GB> O2;O5BAO 70;>3>< CA?5H=>9 45OB5;L=>AB8 ?>A;54=59. #A?5H=K< 4;O :><?0=88 A?>A>1>< <>B828@>20=8O <5=5465@>2, 0 B0:65 >D8A=KE A>B@C4=8:>2, O2;O5BAO ?@>42865=85 8 ?>2KH5=85 ?> A;C651=>9 ;5AB=8F5. "0:8< >1@07><, <K <>65< =01;N40BL, GB> :><?0=8O 701>B8BAO > A2>8E A>B@C4=8:0E, CG8BK20O 8E ?>B@51=>AB8 8 ?KB0OAL ?><>GL 8< A0<> @50;87>20BLAO. 3.3. F5=:0 MDD5:B82=>AB8 2;8O=8O D0:B>@>2 8 @5:><5=40F88 ?> A>25@H5=AB2>20=8N C?@02;5=8O ?5@A>=0;>< =0 D8@<5 57C;LB0BK >F5=:8 MDD5:B82=>AB8 2;8O=8O D0:B>@>2 1C45< @0AA<0B@820BL =0 >A=>25 A;54CNI8E <5@>?@8OB89: A>2<5I5=85 ?@>D5AA89 8 2;8O=8O D0:B>@>2 (?>2KH5=85 >?;0BK B@C40- @07@01>B:0 :><?5=A0F8>==>9 A8AB5<K, ?@>2545=85 >F5=:8 8 0BB5AB0F88 ?5@A>=0;0 8 4@C38E). 57C;LB0BK @0AG5B0 A2545< 2 B01;8FC ! 3.4. 0AG5B MDD5:B82=>AB8 A>2<5I5=8O ?@>D5AA89.  >B45;5 @01>B05B 5 >E@0==8:>2, A@54=OO 70@01>B=0O ?;0B0 :>B>@KE 10000 @C1;59. CB5< A>2<5I5=8O ?@>D5AA89 ?>O28;0AL 2>7<>6=>ABL A>:@0B8BL :>;8G5AB2> ?5@A>=0;0 4> 4-E G5;>25:, >4=>2@5<5==> ?>2KA82 8< 70@01>B=CN ?;0BC 4> 12000 @C1;59. 0AAG8B05< MDD5:B82=>ABL <5@>?@8OB8O ?@8 A>2<5I5=88 4>;6=>AB59. 10000*6  12000*4 = 12000@C1;59. "0:8< >1@07><, =0< C40;>AL A>:@0B8BL 8745@6:8 =0 70@01>B=CN ?;0BC, :>B>@0O A>AB028B 12 000 @C1;59. 0AG5B MDD5:B82=>AB8 2;8O=8O D0:B>@>2 <0B5@80;L=KE A@54AB2 <>B820F88 (?>2KH5=85 >?;0BK B@C40). 0AA<>B@8< ?>2KH5=85 >?;0BK B@C40 :0: >48= 87 D0:B>@>2 <0B5@80;L=>9 <>B820F88, 2;8ONI8E =0 MDD5:B82=>5 C?@02;5=85 ?5@A>=0;><. >AB 70@01>B=>9 ?;0BK ?@825; : @>ABC ?@>872>48B5;L=>AB8 B@C40 8, 2 :>=5G=>< 8B>35, : @>ABC ?@81K;8. >:070B5;5< (:@8B5@85<) MDD5:B82=>AB8 1C45< AG8B0BL @07=8FC <564C @>AB>< ?@>872>48B5;L=>AB8 B@C40 8 @>AB>< 70@01>B=>9 ?;0BK. "0:8< >1@07><, <5@>?@8OB85 1C45B AG8B0BLAO MDD5:B82=K< ?@8 =0;8G88 >?5@560NI53> @>AB0 ?@>872>48B5;L=>AB8 B@C40 ?> A@02=5=8N A @>AB>< 70@01>B=>9 ?;0BK. @>2545< @0AG5B. @81K;L  ;8<?8O 2 2003 3 A>AB028;0 8293 BKA. @C1;59, 2 20043 12515,20 BKA.@C1;59. !@54=OO 70@?;0B0 =0 ?@54?@8OB88 2 20033 A>AB028;0 12000@, 2 2004 3>4C  15240 @. >;8G5AB2> A>B@C4=8:>2  27 G5;, B0:8< >1@07><, ?@81K;L =0 >4=>3> A>B@C4=8:0 2 2003 3 A>AB028;0 8293/27 = 307 BKA. @C1;59, 0 2 2004 3 A>AB028;0 12515,20/27 = 464 BKA. @C1;59. "0:8< >1@07><, A@54=OO ?@>872>48B5;L=>ABL B@C40 >4=>3> G5;>25:0 70 3>4 2K@>A;0 =0 (464-307)/( 307/100) = 51%, 0 70@01>B=0O ?;0B0 2K@>A;0 =0 (15240-12000)/(12000/100) = 27% . !;54>20B5;L=>, <K 8<55< >?5@565=85 @>AB0 ?@>872>48B5;L=>AB8 B@C40 ?> A@02=5=8N A @>AB>< 70@01>B=>9 ?;0BK =0 51%-27% = 24%. 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http://www.fsc.kiev.ua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