ࡱ> `<^bjbjss.dD26<rrrrrZ̵xX$hNbrrrrn>rr:c#r* `[ʺZ g$ 0.$##70жZ*@j4жжж жжжW>^DM>^ 1475$8=0=A>2K9 <5=546<5=B=0;87 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O  >;K 8?;><7420074000>>@48=0BK: M;5:B@>==0O ?>GB0 acher@wiseowl.ru Icq 170552870, B5;5D>= 89168119086. www.wiseowl.ru !>45@60=85  TOC \o "1-3" \h \z \u  HYPERLINK \l "_Toc160528804" 2545=85  PAGEREF _Toc160528804 \h 3  HYPERLINK \l "_Toc160528805" 1."5>@5B8G5A:85 >A=>2K 0=0;870 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O  PAGEREF _Toc160528805 \h 6  HYPERLINK \l "_Toc160528806" 1.1 >=OB85 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 8 8E @>;L 2 >?@545;5=88 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O  PAGEREF _Toc160528806 \h 6  HYPERLINK \l "_Toc160528807" 1.2 5B>48:0 0=0;870 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O  PAGEREF _Toc160528807 \h 16  HYPERLINK \l "_Toc160528808" 1.3 >:070B5;8 ;8:284=>AB8, ?;0B565A?>A>1=>AB8 8 10=:@>BAB20 ?@54?@8OB8O  PAGEREF _Toc160528808 \h 21  HYPERLINK \l "_Toc160528809" 2. =0;87 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8  >;K  PAGEREF _Toc160528809 \h 27  HYPERLINK \l "_Toc160528810" 2.1 @30=870F8>==0O M:>=><8G5A:0O E0@0:B5@8AB8:0  >;K  PAGEREF _Toc160528810 \h 27  HYPERLINK \l "_Toc160528811" 2.2 F5=:0 8<CI5AB25==>3> A>AB>O=8O ?@54?@8OB8O  PAGEREF _Toc160528811 \h 29  HYPERLINK \l "_Toc160528812" 2.3 =0;87 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 10;0=A0 ?@54?@8OB8O  PAGEREF _Toc160528812 \h 35  HYPERLINK \l "_Toc160528813" 2.4 F5=:0 D8=0=A>2>9 CAB>9G82>AB8 ?@54?@8OB8O  PAGEREF _Toc160528813 \h 42  HYPERLINK \l "_Toc160528814" 3. 803=>AB8:0 ?>B5=F80;L=>3> 10=:@>BAB20 8 <5@K ?>2KH5=8O ?;0B565A?>A>1=>AB8 ?@54?@8OB8O  PAGEREF _Toc160528814 \h 46  HYPERLINK \l "_Toc160528815" 0:;NG5=85  PAGEREF _Toc160528815 \h 65  HYPERLINK \l "_Toc160528816" !?8A>: 8A?>;L7>20==>9 ;8B5@0BC@K  PAGEREF _Toc160528816 \h 71  HYPERLINK \l "_Toc160528817" @8;>65=85  PAGEREF _Toc160528817 \h 74  2545=85 7CG5=85 O2;5=89 ?@8@>4K 8 >1I5AB25==>9 687=8 =52>7<>6=> 157 0=0;870. !0< B5@<8= 0=0;87 ?@>8AE>48B >B 3@5G5A:>3> A;>20 analysis, GB> 2 ?5@52>45 >7=0G05B @0745;ON, @0AG;5=ON. !;54>20B5;L=>, 0=0;87 2 C7:>< A<KA;5 ?@54AB02;O5B A>1>9 @0AG;5=5=85 O2;5=8O 8;8 ?@54<5B0 =0 A>AB02=K5 53> G0AB8 (M;5<5=BK) 4;O 87CG5=8O 8E :0: G0AB59 F5;>3>. "0:>5 @0AG;5=5=85 ?>72>;O5B 703;O=CBL 2>2=CB@L 8AA;54C5<>3> ?@54<5B0, O2;5=8O, ?@>F5AA0, ?>=OBL 53> 2=CB@5==NN ACI=>ABL, >?@545;8BL @>;L :064>3> M;5<5=B0 2 87CG05<>< ?@54<5B5 8;8 O2;5=88. 0?@8<5@, GB>1K ?>=OBL ACI=>ABL A515AB>8<>AB8 ?@>4C:F88, =5>1E>48<> 7=0BL =5 B>;L:> 87 :0:8E M;5<5=B>2 >=0 A>AB>8B, => 8 >B G53> 7028A8B 55 25;8G8=0 ?> :064>9 AB0BL5 70B@0B, B.5. =5>1E>48<> 45B0;L=>5 @07;>65=85 ?@8@>AB0 A515AB>8<>AB8 ?> M;5<5=B0< 8 D0:B>@0<. @>F54C@K 0=0;870 2E>4OB A>AB02=>9 G0ABLN 2 ;N1>5 =0CG=>-?@0:B8G5A:>5 8AA;54>20=85 (?@8:;04=>5 8;8 DC=40<5=B0;L=>5) 8 >1KG=> >1@07CNB 53> ?5@2CN AB048N, :>340 8AA;54>20B5;L ?5@5E>48B >B ?@>AB>3> >?8A0=8O =5@0AG;5=5==>3> O2;5=8O : 87CG5=8N 53> AB@>5=8O. >MB><C B5<0 @01>BK 0:BC0;L=0 =0 40==K9 <><5=B 2@5<5=8, :>340 157 0=0;870 45OB5;L=>AB8 :><?0=88 ?@8E>48BAO 25AL<0 BO65;>. 1J5:B>< 8AA;54>20=8O 2KABC?05B  >;K, :>B>@0O O2;O5BAO B>@3>2>9 :><?0=859, 8 70=8<05BAO @50;870F859 ?0@:5B0. @54<5B>< 8AA;54>20=8O 2 40==>9 @01>B5 2KABC?05B E>7O9AB25==0O 45OB5;L=>ABL :><?0=88. &5;L 48?;><=>9 @01>BK A>AB>8B 2 0=0;875 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 8 @07@01>B:5 =0 MB>9 >A=>25 @5:><5=40F89 ?> 8E C;CGH5=8N, AB018;870F88 8;8 >?B8<870F88 45OB5;L=>AB8 0=0;878@C5<>3> ?@54?@8OB8O.  A>>B25BAB288 A F5;LN @01>BK =5>1E>48<> 2K45;8BL =5A:>;L:> 7040G, :>B>@K5 =5>1E>48<> @5H8BL 4;O 4>AB865=8O F5;8. 0640O 87 7040G A>>B25BAB2C5B >B45;L=K< 3;020<, 0 B0:65 =081>;55 206=K< ?C=:B0< 48?;><=>9 @01>BK. 5@20O 7040G0 70:;NG05BAO 2 8AA;54>20=88 B5>@5B8G5A:8E >A=>2 0=0;870 ?@54?@8OB8O, 8 2 G0AB=>AB8 87CG5=8O A8AB5<K 0=0;870 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8. !>>B25BAB25==> ?5@20O 3;020 =>A8B B5>@5B8G5A:89 E0@0:B5@. B>@0O 7040G0 A>AB>8B 2 0=0;875 ?@8:;04=KE 0A?5:B>2 ?@>1;5<K =0 ?@8<5@5 45OB5;L=>AB8 E>7O9AB2CNI53> AC1J5:B0  0 8<5==> ?@>2545=85 0=0;870 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8  >;K. !>>B25BAB25==> 2B>@0O 3;020 ?> A2>5<C E0@0:B5@C 0=0;8B8G5A:0O. "@5BLO 7040G0 A2O70=0 A 2K@01>B:>9 :>=:@5B=KE @5:><5=40F89 ?> @5H5=8N ?@>1;5< ?;0B565A?>A>1=>AB8, AB>OI8E ?5@54 E>7O9AB2CNI8< AC1J5:B><. !>>B25BAB25==> 2 B@5BL59 3;025 40NBAO ?@0:B8G5A:85 @5:><5=40F88, 8 >1>A=>2K205BAO MDD5:B82=>ABL 8E ?@8<5=5=8O. 4=8< 87 ?>:070B5;59, E0@0:B5@87CNI8E D8=0=A>2>5 ?>;>65=85 ?@54?@8OB8O, O2;O5BAO 53> ?;0B565A?>A>1=>ABL, B.5. 2>7<>6=>ABL A2>52@5<5==> ?>30H0BL A2>8 ?;0B56=K5 >1O70B5;LAB20 =0;8G=K<8 45=56=K<8 @5AC@A0<8. F5=:0 ?;0B565A?>A>1=>AB8 ?> 10;0=AC >ACI5AB2;O5BAO =0 >A=>25 E0@0:B5@8AB8:8 ;8:284=>AB8 >1>@>B=KE 0:B82>2, :>B>@0O >?@545;O5BAO 2@5<5=5<, =5>1E>48<K< 4;O ?@52@0I5=8O 8E 2 45=56=K5 A@54AB20. '5< <5=LH5 B@51C5BAO 2@5<5=8 4;O 8=:0AA0F88 40==>3> 0:B820, B5< 2KH5 53> ;8:284=>ABL. ;03>40@O 0=0;87C <K 8<55< 2>7<>6=>ABL 8AA;54>20BL ?;0=>2K5, D0:B8G5A:85 40==K5, 2KO2;OBL @575@2K ?>2KH5=8O MDD5:B82=>AB8 ?@>872>4AB20, >F5=820BL @57C;LB0BK 45OB5;L=>AB8, ?@8=8<0BL C?@02;5=G5A:85 @5H5=8O, 2K@010BK20BL AB@0B538N @0728B8O ?@54?@8OB8O. 5B>48G5A:>9 >A=>2>9 48?;><=>9 @01>BK 2KABC?05B B0:85 <5B>4K :0:: <0B5<0B8G5A:85 8 AB0B8AB8G5A:85 <5B>4K, <5B>4K A@02=5=89 8 0=0;>389. =D>@<0F8>==>9 107>9 48?;><=>9 @01>BK 2KABC?0NB B0:85 8AB>G=8:8: >@<0B82=0O 1070, >A=>2=>9 :>B>@>9 2KABC?05B @0640=A:89 :>45:A >AA89A:>9 $545@0F88, @53C;8@CNI89 45OB5;L=>ABL >@30=870F89 2A5E D>@< A>1AB25==>AB8, 0 B0:65 $545@0;L=K9 70:>= 1 >1I5AB20E A >3@0=8G5==>9 >B25BAB25==>ABLN. !>3;0A=>  $, >1O70B5;LAB20 8A?>;=ONBAO 2 A>>B25BAB288 A 4>3>2>@><, B@51>20=8O<8 70:>=0, 8=KE ?@02>2KE 0:B>2, 0 ?@8 >BACBAB288 B0:8E CA;>289 8 B@51>20=89 - 2 A>>B25BAB288 A >1KG0O<8 45;>2>3> >1>@>B0 8;8 8=K<8 >1KG=> ?@54JO2;O5<K<8 B@51>20=8O<8. >?@>A0< 0=0;870 D8=0=A>2>3> A>AB>O=8O ?>A2OI5=> <=>65AB2> 8AB>G=8:>2 CG51=>9 ;8B5@0BC@K, =0CG=KE 8 8AA;54>20B5;LA:8E AB0B59, 2 A>>B25BAB288 A :>B>@K<8 02B>@K ?@54;030NB A2>8 <5B>48:8 0=0;870 ?@54?@8OB8O, 2KO2;ONB =5:>B>@K5 ?@>1;5<K 2 40==>9 >1;0AB8 8 ?@54;030NB ?CB8 8E @5H5=8O.  :0G5AB25 =0CG=>9 107K @01>BK 2KABC?8;8 B0:85 @01>BK 02B>@>2, :0: (5@5<5B . 5B>48:0 D8=0=A>2>3> 0=0;870 45OB5;L=>AB8 :><<5@G5A:8E >@30=870F89; >20;52 .. 2 @01>B5 =0;87 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O; !028F:0O .. =0;87 D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 ?@54?@8OB8O; =K5 @01>BK 02B>@>2. AE>4=>9 8=D>@<0F859 4;O 0=0;870 O2;ONBAO 40==K5 87 AB0=40@B=KE D>@< 1CE30;B5@A:>9 >BG5B=>AB8: 10;0=A (D>@<0 !1), >BG5B > D8=0=A>2KE @57C;LB0B0E 8 8E 8A?>;L7>20=88 (D>@<0 !2). #:070==K5 D>@<K O2;ONBAO 4>:C<5=B0<8 2=5H=59 >BG5B=>AB8 D8@<K 8 <>3CB 1KBL 4>ABC?=K 4;O 2A5E 3@C?? 708=B5@5A>20==KE ?>;L7>20B5;59. >43>B02;820NBAO >=8, :0: ?@028;>, 565:20@B0;L=> 8 B5< A0<K< >?@545;ONB =08<5=LH89 8=B5@20; 8 G0AB>BC 0=0;870. "0:8< >1@07><, 2 @01>B5 1K;0 8A?>;L7>20=0 1CE30;B5@A:0O >BG5B=>ABL  >;K 70 ?5@8>4 2004-2005 3>4K, 0 8<5==>: 1CE30;B5@A:89 10;0=A, 8 D>@<0 BG5B > ?@81K;OE 8 C1KB:0E !2. "0:65 2 @01>B5 1K;8 87CG5=K 8 ?5@8>48G5A:85 8740=8O, 0 B0:65 A09BK 2 A5B8 =B5@=5B. 1.2 5B>48:0 0=0;870 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O AA;54>20=85 ?@>1;5<K ?>:070;>, GB> 2 ?@0:B8:5 D8=0=A>2>3> <5=546<5=B0 ACI5AB2C5B =5A:>;L:> >A=>2=KE ?>4E>4>2 : >F5=:5 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O: 1) <5B>4 45=56=KE ?>B>:>2; 2) <5B>4 >F5=:8 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O G5@57 ?>:070B5;8 ;8:284=>AB8; 3) 0=0;87 ;8:284=>3> 45=56=>3> ?>B>:0; 4) ?>AB@>5=85 D0:B>@=KE <>45;59 =0 >A=>25 48A:@8<8=0=B=>3> 0=0;870. 5@2K9 <5B>4, >?@545;5==K9 :0: <5B>4 45=56=KE ?>B>:>2, >@85=B8@C5BAO 2 1>;LH59 <5@5 =0 C?@02;5=G5A:85 0A?5:BK D8=0=A>2>9 45OB5;L=>AB8. >A@54AB2>< 0=0;870, ?@>3=>78@>20=8O 8 ?;0=8@>20=8O A>AB02;O5BAO ?;0= 42865=8O 45=56=KE A@54AB2. 0 ?@0:B8:5 8A?>;L7CNBAO 420 <5B>40 @0AG5B0 45=56=KE ?>B>:>2 - ?@O<>9 8 :>A25==K9. @O<>9 <5B>4 8<55B 1>;55 ?@>ABCN ?@>F54C@C @0AG5B0. @52KH5=85 ?>ABC?;5=89 =04 2K?;0B0<8 :0: ?> ?@54?@8OB8N 2 F5;><, B0: 8 ?> >B45;L=K< 2840< 45OB5;L=>AB8 >7=0G05B ?@8B>: A@54AB2, 0 ?@52KH5=85 2K?;0B =04 ?>ABC?;5=8O<8 - 8E >BB>:.  4>;3>A@>G=>9 ?5@A?5:B825 ?@O<>9 <5B>4 @0AG5B0 25;8G8=K 45=56=KE ?>B>:>2 405B 2>7<>6=>ABL >F5=8BL C@>25=L ;8:284=>AB8 ?@54?@8OB8O.  >?5@0B82=>< C?@02;5=88 D8=0=A0<8 ?@O<>9 <5B>4 <>65B 8A?>;L7>20BLAO 4;O :>=B@>;O 70 D>@<8@>20=85< 2K@CG:8 >B @50;870F88 ?@>4C:F88 (@01>B, CA;C3) 8 2K2>4>2 >B=>A8B5;L=> 4>AB0B>G=>AB8 45=56=KE A@54AB2 4;O ?;0B5659 ?> D8=0=A>2K< >1O70B5;LAB20<. 54>AB0B:>< 40==>3> <5B>40 O2;O5BAO B>, GB> >= =5 CG8BK205B 2708<>A2O78 ?>;CG5==>3> D8=0=A>2>3> @57C;LB0B0 (?@81K;8) 8 87<5=5=8O 01A>;NB=>3> @07<5@0 45=56=KE A@54AB2 ?@54?@8OB8O. >A25==K9 <5B>4 ?@54?>GB8B5;5= A 0=0;8B8G5A:>9 B>G:8 7@5=8O, B0: :0: ?>72>;O5B >?@545;8BL 2708<>A2O7L ?>;CG5==>9 ?@81K;8 A 87<5=5=85< 25;8G8=K 45=56=KE A@54AB2. 0AG5B 45=56=KE ?>B>:>2 :>A25==K< <5B>4>< 2545BAO >B ?>:070B5;O G8AB>9 ?@81K;8 A =5>1E>48<K<8 55 :>@@5:B8@>2:0<8 =0 AB0BL8, =5 >B@060NI85 42865=85 @50;L=KE 45=53 ?> A>>B25BAB2CNI8< AG5B0<. 57C;LB0B>< 0=0;8B8G5A:>9 @01>BK ?@8 40==>< ?>4E>45 O2;O5BAO >?@545;5=85 ?>:070B5;O cash-flow (CF, 45=56=K9 ?>B>: 8;8 ?>B>: =0;8G=>AB8 - 2 @07=KE ?5@52>40E) - 10;0=A8@CNI53> 8B>30 :0:>3>-;81> =0?@02;5=8O 45OB5;L=>AB8: CF ?> 8=25AB8F8>==>9 45OB5;L=>AB8, CF ?> D8=0=A>2>9 45OB5;L=>AB8, CF ?> >?5@0F8>==>9 (>A=>2=>9) 45OB5;L=>AB8 :0: @07=>ABL ?>ABC?;5=8O 8 @0AE>4>20=8O 45=56=KE A@54AB2 ?> A>>B25BAB2CNI8< =0?@02;5=8O<. 0==K9 ?>:070B5;L >B@0605B @57C;LB0B82=>ABL C?@02;5=8O 45=56=K<8 ?>B>:0<8, :0: ?> >B45;L=K< AD5@0< 45OB5;L=>AB8, B0: 8 2 F5;>< ?> ?@54?@8OB8N 70 >?@545;5==K9 ?5@8>4 2@5<5=8. =0;87 AB@C:BC@K 45=56=KE ?>B>:>2 (01A>;NB=K5 7=0G5=8O CF ?> 2840< 45OB5;L=>AB8 8 8E C45;L=K9 25A 2 8B>3>2>< CF) ?>:07K205B AB@C:BC@C 8AB>G=8:>2 45=56=KE A@54AB2 8 =0?@02;5=8O 8E 8A?>;L7>20=8O. "0:8< >1@07><, <5B>4 8<55B 2KA>:CN ?@0:B8G5A:CN 7=0G8<>ABL, B0: :0: C?@02;5=85 >B45;L=K<8 A>AB02;ONI8<8 45=56=KE ?>B>:>2 8<55B 2 :0G5AB25 =5?>A@54AB25==>9 F5;8 >15A?5G5=85 B5:CI59 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O 8 :>A25==> 2;8O5B =0 ?;0B565A?>A>1=>ABL 2 AB@0B538G5A:>< ?;0=5 [30, A.5]. B>@K< <5B>4>< O2;O5BAO 0=0;87 ?;0B565A?>A>1=>AB8 G5@57 ?>:070B5;8 ;8:284=>AB8. 87:0O ?;0B565A?>A>1=>ABL <>65B 1KBL :0: A;CG09=>9, 2@5<5==>9, B0: 8 4;8B5;L=>9, E@>=8G5A:>9. @8G8=0<8 MB>3> <>3CB 1KBL: =54>AB0B>G=0O >15A?5G5==>ABL D8=0=A>2K<8 @5AC@A0<8; =52K?>;=5=85 ?;0=0 @50;870F88 ?@>4C:F88; =5@0F8>=0;L=0O AB@C:BC@0 >1>@>B=KE A@54AB2; =5A2>52@5<5==>5 ?>ABC?;5=85 ?;0B5659 >B :>=B@0:B>2; ?@>G55. ! CG5B>< B>3>, GB> ?@8 >?8A0=88 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O 8A?>;L7CNBAO :>MDD8F85=BK ;8:284=>AB8, D0:B8G5A:8 ?@>8AE>48B 70<5=0 ?>:070B5;O ?;0B565A?>A>1=>AB8 =0 4@C385 ?>:070B5;8.  A;CG05 AB018;L=>3> DC=:F8>=8@>20=8O ?@54?@8OB8O B@5=4>2K9 0=0;87 ?>:070B5;59 ;8:284=>AB8 459AB28B5;L=> <>65B 40BL @50;L=>5 ?@54AB02;5=85 > ?;0B565A?>A>1=>AB8. B<5B8<, GB> A>2@5<5==0O ?0@0483<0 187=5A0 B@51C5B ?>AB>O==>3> A>25@H5=AB2>20=8O ?@>F5AA>2, @0AH8@5=8O ?@>4C:B>2>9 30<<K 8 8=B5=A8D8:0F88 ?@>872>4AB20, 7=0G8B5;L=KE 2;>65=89 2 =0CG=>-8AA;54>20B5;LA:85 ?@>5:BK 8 B.4. A5 MB> ?@82>48B : ?>AB>O==><C 87<5=5=8N >1J5<>2 8 AB@C:BC@K 45=56=KE 8 <0B5@80;L=KE ?>B>:>2, GB> O2;O5BAO ?@8G8=>9 :>;510=89 A>>B=>H5=8O AB0B59 10;0=A0, 0 7=0G8B, ?>:070B5;59 ;8:284=>AB8, 2?;>BL 4> =5C4>2;5B2>@8B5;L=>3> 8E 7=0G5=8O. 4=0:>, :0: 1K;> >B<5G5=> 2KH5, =5 C4>2;5B2>@ONI0O D>@<0;L=K< :@8B5@8O< AB@C:BC@0 10;0=A0 >B=N4L =5 3>2>@8B > =5?;0B565A?>A>1=>AB8 ?@54?@8OB8O. !;54>20B5;L=>, 8A?>;L7>20=85 ?>:070B5;59 ;8:284=>AB8 2 :0G5AB25 8=48:0B>@>2 ?;0B565A?>A>1=>AB8 >:07K205BAO 25AL<0 A?>@=K<. "0:8< >1@07><, 40==K9 ?>4E>4, >1;0405B ACI5AB25==K<8 =54>AB0B:0<8: 1) ?>A:>;L:C ?@8 @0AG5B5 ?>:070B5;59 ;8:284=>AB8 8A?>;L7CNBAO 40==K5 1CE30;B5@A:>3> 10;0=A0, @57C;LB0B O2;O5BAO <><5=B0;L=>9 D>B>3@0D859 A>AB>O=8O ?@54?@8OB8O; ?@8 MB>< CG8BK205BAO =0;8G85 0:B82>2 8 >1O70B5;LAB2 =0 >?@545;5==K9 <><5=B 2@5<5=8, GB> =5 ?>72>;O5B 2:;NG8BL 2 0=0;87 D8=0=A>2K5 @5AC@AK, ?@82;5G5=85 :>B>@KE AB0=>28BAO 2>7<>6=K< ?>A;5 40BK ?@>2545=8O 0=0;870; B0:8< >1@07><, ;8:284=>ABL <>65B 1KBL ?@87=0=0 :0: 4>AB0B>G=> >3@0=8G5==K9 ?> 2>7<>6=>ABO< ?>:070B5;L; 2) ?@54AB02;O5BAO, GB> 8A?>;L7>20=85 ?>:070B5;59 ;8:284=>AB8 ?@54?>GB8B5;L=> 4;O 2=5H=8E ?>;L7>20B5;59, =5 8<5NI8E 4>ABC?0 : 2=CB@5==59 D8=0=A>2>9 8=D>@<0F88, 2A;54AB285 G53>, ?> =0H5<C <=5=8N, A=8605BAO 7=0G8<>ABL ?>:070B5;59 ;8:284=>AB8 4;O <5=546<5=B0 ?@54?@8OB8O, 40==K5 ?>:070B5;8 AB0=>2OBAO F5;LN C?@02;5=8O, => =5 8=AB@C<5=B><, GB> =5 <5=55 206=> =0 ?@0:B8:5 [20, A.3]. "@5BL8< <5B>4>< 0=0;870 45=56=KE ?>B>:>2 >?@545;8< 0=0;87 ;8:284=>3> 45=56=>3> ?>B>:0. -B>B <5B>4 ?>72>;O5B >?5@0B82=> @0AAG8B0BL ?>B>: 45=56=KE A@54AB2 =0 ?@54?@8OB88 8 <>65B 1KBL 8A?>;L7>20= :0: M:A?@5AA-4803=>AB8:0 D8=0=A>2>3> A>AB>O=8O. 8:284=K9 45=56=K9 ?>B>: (), 8;8 87<5=5=85 2 G8AB>9 :@548B=>9 ?>78F88, O2;O5BAO ?>:070B5;5< 871KB>G=>3> 8;8 45D8F8B=>3> A0;L4> 45=56=KE A@54AB2 ?@54?@8OB8O, 2>7=8:0NI53> 2 A;CG05 ?>;=>3> ?>:@KB8O 2A5E 53> 4>;3>2KE >1O70B5;LAB2 ?> 705<=K< A@54AB20<. $>@<C;0 4;O @0AG5B0 A;54CNI0O:  = (1+1-!1) - (0+0-!0), 345  - 4>;3>A@>G=K5 :@548BK  - :@0B:>A@>G=K5 :@548BK ! - 45=56=K5 A@54AB20. B;8G85 ?>:070B5;O  >B 4@C38E 87<5@8B5;59 ;8:284=>AB8 A>AB>8B 2 B><, GB> ?>A;54=85 >B@060NB A?>A>1=>ABL ?@54?@8OB8O ?>30H0BL A2>8 >1O70B5;LAB20 ?5@54 2=5H=8<8 :@548B>@0<8.  E0@0:B5@87C5B 01A>;NB=CN 25;8G8=C 45=56=KE A@54AB2, ?>;CG05<KE >B M:A?;C0B0F8>==>9 45OB5;L=>AB8 ?@54?@8OB8O, ?>MB><C O2;O5BAO 1>;55 2=CB@5==8< ?>:070B5;5<, 2K@060NI8< @57C;LB0B82=>ABL 53> @01>BK [9, A.93]. '5B25@BK< <5B>4>< >?@545;5=> ?>AB@>5=85 D0:B>@=KE <>45;59 =0 >A=>25 48A:@8<8=0=B=>3> 0=0;870. !@548 =54>AB0B:>2 ?>4>1=KE ?>4E>4>2 >B<5G0NBAO A;54CNI85: - AC1J5:B82=K9 ?>41>@ ?>:070B5;59 D0:B>@=>9 <>45;8; - >F5=:0 25A>2KE :>MDD8F85=B>2 ?>:070B5;59 =5 O2;O5BAO C=825@A0;L=>9 4;O 2A59 M:>=><8:8, B0: :0: ?@>2>48BAO =0 >A=>25 0=0;870 AB0B8AB8G5A:>9 2K1>@:8 87 >?@545;5==>3> :@C30 ?@54?@8OB89 2 :>=:@5B=>< 8AB>@8G5A:>< 8 M:>=><8G5A:>< :>=B5:AB5; - ?>4>1=K5 <>45;8 AB@>OBAO A B>G:8 7@5=8O 2=5H=8E AC1J5:B>2 8AA;54>20=8O, GB> ?>4@07C<5205B >3@0=8G5==CN 8=D>@<8@>20==>ABL AC1J5:B0 8AA;54>20=8O >1 >1J5:B5 - :0: > 48=0<8:5 53> D8=0=A>2>3> A>AB>O=8O, B0: 8 > ?5@A?5:B820E; - 2 A8;C 2KH5?@82545==KE >1AB>OB5;LAB2 <>45;8, ?>AB@>5==K5 =0 >A=>25 48A:@8<8=0=B=>3> D0:B>@=>3> <>45;8@>20=8O, =5 <>3CB 1KBL ?@87=0=K ?@83>4=K<8 8 ?>;=>F5==K<8 4;O @5H5=8O 7040G8 MDD5:B82=>3> C?@02;5=8O ?;0B565A?>A>1=>ABLN ?@54?@8OB8O 8 @8A:>< =5?;0B565A?>A>1=>AB8 [20, A.2]. A5 ?@82545==K5 2KH5 <5B>4K 8<5NB A2>8 4>AB>8=AB20 8 =54>AB0B:8. A?>;L7>20=85 8E 2 :><?;5:A5 405B D8=0=A>2><C <5=546<5=BC ?@54?@8OB8O 2>7<>6=>ABL MDD5:B82=>3> C?@02;5=8O 45=56=K<8 ?>B>:0<8 A F5;LN >15A?5G5=8O ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8. @54AB02;O5BAO =5>1E>48<K< A45;0BL A;54CNI85 2K2>4K. 1) 5>1E>48<> G5B:> @073@0=8G8BL ?>=OB8O ;8:284=>ABL 8 ?;0B565A?>A>1=>ABL. >4 ;8:284=>ABLN =5>1E>48<> ?>=8<0BL A?>A>1=>ABL 0:B82>2 ?@52@0I0BLAO 2 45=56=K5 A@54AB20 :0: <0:A8<0;L=> ;8:284=CN D>@<C 0:B82>2. >4 ?;0B565A?>A>1=>ABLN =5>1E>48<> ?>=8<0BL A?>A>1=>ABL ?@54?@8OB8O ?@82;5:0BL =5>1E>48<>5 :>;8G5AB2> D8=0=A>2KE @5AC@A>2 4;O C4>2;5B2>@5=8O ?;0B56=KE >1O70B5;LAB2. 2) ;0B565A?>A>1=>ABL O2;O5BAO E0@0:B5@8AB8:>9 45OB5;L=>AB8 ?@54?@8OB8O 70 =5:>B>@K9 ?5@8>4. "0:8< >1@07><, A?>A>1=>ABL ?@82;5GL D8=0=A>2K5 @5AC@AK @0AAG8BK205BAO =0 ?;0=>2K9 ?5@8>4 (2 A;CG05 @5B@>A?5:B82=>3> 0=0;870 >?@545;ONBAO D8=0=A>2K5 @5AC@AK, D0:B8G5A:8 ?@82;5G5==K5 70 0=0;878@C5<K9 ?5@8>4). 5?;0B565A?>A>1=>ABL ?@8 MB>< >7=0G05B, GB> ?@54?@8OB85 =5 8<5;> 2>7<>6=>AB8 ?@82;5G5=8O =5>1E>48<>3> >1J5<0 D8=0=A>2KE @5AC@A>2 2 ?@>H54H5< ?5@8>45 8/8;8 =5 1C45B 8<5BL B0:>9 2>7<>6=>AB8 2 ?;0=>2>< ?5@8>45 2 A>>B25BAB288 A ?@>3=>70<8 45OB5;L=>AB8. 3) >:070B5;L ?;0B565A?>A>1=>AB8 @0AAG8BK205BAO :0: A>>B=>H5=85 ?@82;5G5==KE D8=0=A>2KE @5AC@A>2 8 >1O70B5;LAB2, C4>2;5B2>@5=85 :>B>@KE ?@8E>48BAO =0 0=0;878@C5<K9 (?@>H54H89 8;8 ?;0=>2K9) ?5@8>4. A?>;L7>20=85 ?>:070B5;O ?;0B565A?>A>1=>AB8 83@05B 1>;LHCN @>;L =5 B>;L:> 2 0=0;875, => 8 ?@8 @50;870F88 2A5E >AB0;L=KE DC=:F89 <5=546<5=B0: ?;0=8@>20=85, B5:CI55 C?@02;5=85 8 :>=B@>;L 2 D8=0=A>2>< <5=546<5=B5 =0F5;5=K =0 ?>445@60=85 A?>A>1=>AB8 ?@54?@8OB8O 2>2@5<O 8 2 ?>;=>< >1J5<5 C4>2;5B2>@OBL A2>8 ?;0B56=K5 >1O70B5;LAB20 B0:8< >1@07><, GB>1K =081>;55 @57C;LB0B82=> 8 MDD5:B82=> 4>AB830BL CAB0=>2;5==K5 AB@0B538G5A:85 F5;8 8 >?5@0B82=K5 >@85=B8@K. 1.3 >:070B5;8 ;8:284=>AB8, ?;0B565A?>A>1=>AB8 8 10=:@>BAB20 ?@54?@8OB8O >:070B5;8 ;8:284=>AB8, 8A?>;L7C5<K5 ?>402;ONI8< 1>;LH8=AB2>< <5B>48:, ?@54AB02;ONB A>1>9 A>>B=>H5=85 @07;8G=KE AB0B59 0:B820 8 ?0AA820 10;0=A0. > ACB8 A2>59 ?>:070B5;8 ;8:284=>AB8 45<>=AB@8@CNB A?>A>1=>ABL 0:B82>2 ?@54?@8OB8O ?@52@0I0BLAO 2 45=56=K5 A@54AB20 - <0:A8<0;L=> ;8:284=CN D>@<C 0:B82>2. =0;87 ;8:284=>AB8 10;0=A0 70:;NG05BAO 2 A@02=5=88 A@54AB2 ?> 0:B82C, A3@C??8@>20==KE ?> AB5?5=8 8E ;8:284=>AB8 8 @0A?>;>65==KE 2 ?>@O4:5 C1K20=8O ;8:284=>AB8, A >1O70B5;LAB20<8 ?> ?0AA82C, A3@C??8@>20==K<8 ?> A@>:0< 8E ?>30H5=8O 8 @0A?>;>65==K<8 2 ?>@O4:5 2>7@0AB0=8O A@>:>2. 5@20O 3@C??0 (1) 2:;NG05B 2 A51O =081>;55 ;8:284=K5 0:B82K, B0:85, :0: 45=56=0O =0;8G=>ABL 8 :@0B:>A@>G=K5 D8=0=A>2K5 2;>65=8O (AB@>:0 250 + AB@>:0 260). > 2B>@>9 3@C??5 (2) >B=>AOBAO 1KAB@> @50;87C5<K5 0:B82K: 4518B>@A:0O 704>;65==>ABL, ?;0B568 ?> :>B>@>9 >6840NBAO 2 B5G5=85 12 <5AOF52 (AB@>:0 240). "@5BLO 3@C??0 (3) - MB> <54;5==> @50;87C5<K5 0:B82K  AB0BL8 @0745;0 2 0:B820 10;0=A0, 2:;NG0NI85 70?0AK, !, 4518B>@A:CN 704>;65==>ABL (4>;3>A@>G=CN) 8 ?@>G85 >1>@>B=K5 0:B82K (AB@. 210+AB@. 220+AB@.230+AB@.270) '5B25@B0O 3@C??0 (4)  MB> B@C4=>@50;87C5<K5 0:B82K, :C40 2E>4OB AB0BL8 @0745;0 1  2=5>1>@>B=K5 0:B82K (AB@.190) !>>B25BAB25==>, =0 G5BK@5 3@C??K @071820NBAO 8 >1O70B5;LAB20 ?@54?@8OB8O: 1  =081>;55 A@>G=K5 >1O70B5;LAB20, :>B>@K5 4>;6=K 1KBL ?>30H5=K 2 B5G5=85 <5AOF0 (:@548B>@A:0O 704>;65==>ABL AB@.620) 2  @0B:>A@>G=K5 ?0AA82K  :@0B:>A@>G=K5 705<=K5 A@54AB20, 704>;65==>ABL CG0AB=8:0< ?> 2K?;0B5 4>E>4>2, ?@>G85 :@0B:>A@>G=K5 ?0AA82K (AB@.610+AB@.630+ AB@.660) 3  4>;3>A@>G=K5 ?0AA82K  AB0BL8 @0745;>2 4 8 5, (AB@.590+AB@.640+AB@.650) 4  ?>AB>O==K5 ?0AA82K  AB0BL8 @0745;0 3 :0?8B0; 8 @575@2K (AB@.490) 0;0=A AG8B05BAO 01A>;NB=> ;8:284=K<, 5A;8: 1>1; 2>2; 3>3; A4 < 4. [21, A.98] !>?>AB02;5=85 ;8:284=KE A@54AB2 8 >1O70B5;LAB2 ?>72>;O5B 2KG8A;8BL: 1.B5:CICN ;8:284=>ABL ("), :>B>@0O A2845B5;LAB2C5B > ?;0B565A?>A>1=>AB8 (+) 8;8 =5?;0B565A?>A>1=>AB8 (-) >@30=870F88 =0 1;8609H89 : @0AA<0B@8205<><C <><5=BC ?@><56CB>: 2@5<5=8: "=(1+2)-(1+2) (1) 2.?5@A?5:B82=CN ;8:284=>ABL () - B> 5ABL ?@>3=>7 ?;0B565A?>A>1=>AB8 =0 >A=>25 A@02=5=8O 1C4CI8E ?>ABC?;5=89 8 ?;0B5659: =3-3 (2) >:070B5;8 ?;0B565A?>A>1=>AB8 >B@060NB 2>7<>6=>ABL ?@54?@8OB8O ?>30A8BL :@0B:>A@>G=CN 704>;65==>ABL A2>8<8 ;53:> @50;87C5<K<8 A@54AB20<8. @8 8AG8A;5=88 MB8E ?>:070B5;59 70 107C @0AG5B0 ?@8=8<0NBAO :@0B:>A@>G=K5 >1O70B5;LAB20.  ?>:070B5;O< ?;0B565A?>A>1=>AB8 >B=>AOBAO A;54CNI85: ;O :><?;5:A=>9 >F5=:8 ;8:284=>AB8 10;0=A0 2 F5;>< A;54C5B 8A?>;L7>20BL >1I89 ?>:070B5;L ;8:284=>AB8 L1:  EMBED Equation.3 , (3) 5A;8  EMBED Equation.3 , B> ?@54?@8OB85 ?;0B565A?>A>1=>. >MDD8F85=B 01A>;NB=>9 ;8:284=>AB8 L2 ?>:07K205B, :0:CN G0ABL :@0B:>A@>G=>9 704>;65==>AB8 >@30=870F8O <>65B ?>30A8BL 70 AG5B 45=56=KE A@54AB2. >@<0;L=>5 53> 7=0G5=85 >B 0,1 4> 0,7.  EMBED Equation.3  (4) >MDD8F85=B :@8B8G5A:>9 ;8:284=>AB8 L3 8;8 ?@><56CB>G=>3> ?>:@KB8O ?>:07K205B, :0:0O G0ABL :@0B:>A@>G=KE >1O70B5;LAB2 ?@54?@8OB8O <>65B 1KBL =5<54;5==> ?>30H5=0 70 AG5B A@54AB2 =0 @07;8G=KE AG5B0E, 2 :@0B:>A@>G=KE F5==KE 1C<030E, 0 B0:65 ?>ABC?;5=8O ?> @0AG5B0< (4518B>@A:0O 704>;65==>ABL 4> 12 <5AOF52). >@<0;L=>5 7=0G5=85 :>MDD8F85=B0 5A;8 0,7-0,8, >?B8<0;L=>5 5A;8  EMBED Equation.3 >1.  EMBED Equation.3  (5) >MDD8F85=B ?>:@KB8O L4 8;8 B5:CI59 ;8:284=>AB8 ?>:07K205B, :0:CN G0ABL B5:CI8E >1O70B5;LAB2 <>6=> ?>30A8BL, <>18;87>202 2A5 >1>@>B=K5 A@54AB20.  EMBED Equation.3  (6) >72>;O5B CAB0=>28BL, 2 :0:>9 :@0B=>AB8 B5:CI85 0:B82K ?>:@K20NB :@0B:>A@>G=K5 >1O70B5;LAB20. 8=8<0;L=>5 7=0G5=85 @02=> 548=8F5, =>@<0;L=>5 A>>B=>H5=85 >B 2-3. >MDD8F85=B >15A?5G5==>AB8 >1>@>B=KE 0:B82>2 A>1AB25==K<8 >1>@>B=K<8 A@54AB20<8 L5, E0@0:B5@87C5B =0;8G85 C ?@54?@8OB8O A>1AB25==KE >1>@>B=KE A@54AB2, =5>1E>48<KE 4;O 53> D8=0=A>2>9 CAB>9G82>AB8.  EMBED Equation.3  (7) =>@<0;L=>5 7=0G5=85  EMBED Equation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ultiple-discriminant analysis - MDA), 8 ?> @O4C B5:CI8E ?>:070B5;59, E0@0:B5@87CNI8E E>7O9AB25==K9 ?>B5=F80; ?@54?@8OB8O, A8=B578@CO 8E, ?>72>;O5B 2 =5:>B>@>< ?@81;865=88 AC48BL 8;8 > 25@>OB=KE 4;O ?@54?@8OB8O ?5@A?5:B820E M:>=><8G5A:>3> @>AB0, 8;8 > 2>7<>6=>AB8 53> =5A>AB>OB5;L=>AB8 (10=:@>BAB20) 2 >1>7@8<>< 1C4CI5<. "0:8< >1@07><, 8=45:A ;LB<0=0 ?@54AB02;O5B A>1>9 DC=:F8N >B =5:>B>@KE ?>:070B5;59, E0@0:B5@87CNI8E M:>=><8G5A:89 ?>B5=F80; ?@54?@8OB8O 8 @57C;LB0BK 53> @01>BK 70 8AB5:H89 ?5@8>4.  >1I5< 2845 8=45:A :@548B>A?>A>1=>AB8 (Z-AG5B) 8<55B 284:  EMBED Unknown  (10) 345 Z  =0456=>ABL, AB5?5=L >B40;5==>AB8 >B 10=:@>BAB20; ?>:070B5;8-0@3C<5=BK %1, %2, %3, %4, 8 %5, ?@54AB02;5==K5 2 <>45;8, ?@8<5=8B5;L=> : >A>15==>ABO< >B5G5AB25==>3> CG5B0, A;>682H59AO ?@0:B8:5 >BG5B=>AB8 @0AAG8BK20NBAO ?> A;54CNI8< D>@<C;0<  EMBED Unknown  (11)  EMBED Unknown  (12)  EMBED Unknown  (13)  EMBED Unknown  (14)  EMBED Unknown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˹mN=jh3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu/jh3ho0J5CJUaJmHnHuh3ho5CJ\aJ#jh3ho5CJU\aJhoCJOJQJ^JaJhVlho5CJ aJ hoCJaJ h@ heheheCJaJ 6   % gdo 7$8$H$gdo $dha$gdodhgdo$a$gdeFf$If<^D F H | ~ ` b d ԫԓlZl;l=j h3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu1jh3ho5CJUaJmHnHu.jh3ho5CJUaJmHnHu%h3ho5CJaJmHnHu ξΦmN;;%h3ho5CJaJmHnHu=jh3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jh3ho5CJUaJmHnHu 6 8 : < ξΦmN;;%h3ho5CJaJmHnHu=jh3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jh3ho5CJUaJmHnHu @BDFξΦmN;;%h3ho5CJaJmHnHu=jh3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1j~h3ho5CJUaJmHnHu XZ\^ξΦmN=*%h3ho5CJaJmHnHu he{0J5CJaJmHnHu=jh3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jxh3ho5CJUaJmHnHu  JLNPռ蔁m[m*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu1jr h3ho5CJUaJmHnHu%h3ho5CJaJmHnHu.jh3ho5CJUaJmHnHu  HJLN٨m[<=j h3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu1jl h3ho5CJUaJmHnHu.jh3ho5CJUaJmHnHu%h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu2468ξΦmN;;%h3ho5CJaJmHnHu=j h3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jf h3ho5CJUaJmHnHu8:<>ξΦmN;;%h3ho5CJaJmHnHu=j h3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1j` h3ho5CJUaJmHnHu~ "$&(*,.0246HJrl$dh1$`a$gdo$a$gdogdo % gdo " ξΦmN;;%h3ho5CJaJmHnHu=j h3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jZ h3ho5CJUaJmHnHu VXZ\prtξΦmN;;%h3ho5CJaJmHnHu=jh3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jTh3ho5CJUaJmHnHu8:<pξΦmN;;%h3ho5CJaJmHnHu=jh3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jNh3ho5CJUaJmHnHuprtxz|~ ξΦmN;;%h3ho5CJaJmHnHu=jh3ho5>*B*CJUaJmHnHphu"h3ho5CJaJmHnHu&h3ho0J5CJaJmHnHu%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jHh3ho5CJUaJmHnHu 6FHJ<>NPξΦtg]THTHTHT8THThhoCJaJhmH sH hhoCJaJhhoCJaJhhoOJQJ^JhXhoOJQJ^JhoCJOJQJ^JaJ jh3hoCJU\aJ%h3ho5CJ\aJmHnHu/jh3ho0J5CJUaJmHnHuho5CJaJmHnHu.jh3ho5CJUaJmHnHu1jBh3ho5CJUaJmHnHujl !!B""""L#l####$ $$$$0%2%%h&ijsgc]Oho@B*CJaJph hoCJhohoB*CJaJphho@B*CJaJphho@B*CJaJph!ho6@B*CJ]aJph$h|ho@B*CJ]aJph!h|ho@B*CJaJphh%}hoCJaJhTGhoCJaJhe{CJaJhoCJaJhoCJaJhhhoCJaJhl` F!!#2%&(*V,.v01 235$ dh`a$gdo$7dh]`7a$gdo$dh]`a$gdo$dh-DM `a$gdo$dh]`a$gdo$dh`a$gdoh&'B(J(P(*.v0135v888889949H99Z:=2>:>?2@4@6@bAdAAA2B4BBBC CDD~EEKKLL|T~Tɽ{{{{{{{{{{h!hoCJaJhoOJQJ^JhXhoOJQJ^JhLhoCJaJhLhoCJ\aJhoCJ\aJhwhoCJ\aJhwhoCJaJhG@hoCJaJh+KihoCJaJhe{CJaJhoCJaJ hoCJ057Z:;=??4@6@dAA4BB CDEKL~TVLXXYjYY$a$gdo$ dh`a$gdo$dh`a$gdo~TVVVVVXWJXLXXX YYhYjYYYYY\\@aBa6b8bbbcccctfvfPiRiTibidifihiHkJk@mBm~mmmmnn:nDFHPRTʚhDa hoCJaJh 7hoCJaJmH sH hM>hoCJaJh$hoCJaJh 7hoCJH*aJh 7hoCJ]aJh 7hoCJaJhv|hoCJaJhoCJaJ8TVdhjl|~X֙ndΛ֛؛ܛޛFZ"XZ\^`̳̪̿̿̿펃̿seZh,hoCJaJh,ho6CJH*aJh,ho6CJaJmH sH h#hoCJaJh#hoCJ\]aJhSho6CJH*aJho6CJaJh$ho6CJaJh=~hoCJNHaJh=~hoCJaJhDa hoCJaJhUhoCJaJhoCJaJhiehoCJaJ!XpdZ"`fPPjfp: zH$dh[$\$`a$gdo$dh`a$gdo $dha$gdo$7dh`7a$gdo$7dh`7a$gdoğƟ֟ޟfpr*,.ấveUG<hfChoCJaJhfCho6CJH*aJhfCho6CJaJmH sH !jdh=~hoCJEHUaJ.jc}> h=~hoCJUVaJmHnHujh=~hoCJUaJhoCJaJ)jh=~hoCJEHUaJmH sH .j}> h=~hoCJUVaJmHnHuh=~hoCJaJmH sH h=~hoCJaJ%jh=~hoCJUaJmH sH  <>PܢޢNPȣʣXZz|ƥ *46\Ƶssssh=~hoCJNHaJh\ho6CJaJh\ho6CJH*aJh\ho6CJaJmH sH h\hoCJaJ!jYh=~hoCJEHUaJ.j}> h=~hoCJUVaJmHnHujh=~hoCJUaJhoCJaJh=~hoCJaJ#\^`bjЦҦfjlܨިȽȽȵ|nbUUȽFjQݠG hoCJUVaJh=~hoCJNHaJh\ho6CJaJh\ho6CJH*aJh\ho6CJaJmH sH !joh=~hoCJEHUaJ.j}> h=~hoCJUVaJmHnHuhoCJaJh=~hoCJaJjh=~hoCJUaJ!jh=~hoCJEHUaJ.j }> h=~hoCJUVaJmHnHu np02PRTV8¬ĬƬ  HJpsbWWWhHhoCJaJ!jJh=~hoCJEHUaJ.j~> h=~hoCJUVaJmHnHuhALRho6CJH*aJhALRho6CJaJmH sH hALRhoCJaJh=~hoCJNHaJh=~hoCJaJhhoCJaJhoCJaJjh=~hoCJUaJ!jh+hoCJEHUaJ!prtv "4:<FHζж LNȽzzk`Uh'<hoCJaJhcc`hoCJaJhcc`hoB*CJaJphh/ahoCJaJhHhoCJaJhoCJaJh{phoCJNHaJh{phoCJaJh=~hoCJNHaJh=~hoCJaJjh=~hoCJUaJ!j!h=~hoCJEHUaJ.j~> h=~hoCJUVaJmHnHuHȵж NغL<(ܿvn$dh[$\$`a$gdo$dh[$\$`a$gdo $dha$gdo$dh`a$gdo$dh`a$gdo$dh-DM `a$gdoNPT^dtz~ֺغNRT(\`hn޿"tnD·ᷫh 2ZhoCJaJ hoCJhoB*CJaJphhfhoCJH*aJhfhoCJaJh'<hoCJaJhoCJH*aJh~hoCJaJhoCJaJhyohoCJH*aJhyohoCJaJ2nH ~3p*$7dh$If`7a$gdo$7dh`7a$gdo$7dh`7a$gdo$dh`a$gdo$dh`a$gdo$dh[$\$`a$gdo$7dh[$\$`7a$gdo/134DEFGIglnp哂sb!jQ)h'hoCJEHUaJj:G hoCJUVaJ!jv&h'hoCJEHUaJj9G hoCJUVaJh 2ZhoCJH*aJh 2ZhoCJaJmH sH hoCJaJ!j#h 4hoCJEHUaJj7G hoCJUVaJh 2ZhoCJaJjh 2ZhoCJUaJ&pqZ\嫜|xmxexexhoCJaJhqjhoCJaJho!j1hqjhoCJEHUaJj:G hoCJUVaJj.h 2ZhoCJUaJ#jR0> h 2ZhoCJUVaJhoCJaJ!j,h'hoCJEHUaJj1:G hoCJUVaJh 2ZhoCJaJjh 2ZhoCJUaJ'*Z\l{qkdy4$$IfF0S"2^044 Fa$7dh$If`7a$gdo{{$7dh$If`7a$gdoqkd5$$IfF0S"2^044 Fa{{$7dh$If`7a$gdoqkd5$$IfF0S"2^044 Fapt00&BDJس،ئئreX،hR*ho@ CJaJhR*ho@ CJaJhR*ho@ CJaJhR*ho@CJaJhR*ho@CJaJhR*ho@CJaJhR*ho@CJaJhR*ho@CJaJhR*hoCJ]aJhR*hoCJ\aJhR*hoCJaJhShoCJaJ hoCJhohoCJaJ"{{$7dh$If`7a$gdoqkdh6$$IfF0S"2^044 FapU$ Ndh-DM `a$gdo$7dh`7a$gdo$dh`a$gdoqkd 7$$IfF0S"2^044 Fa <NrFB4$dh`a$gdo$ %dh-DM `a$gdo$ ~dh-DM `a$gdo$dh-DM `a$gdo$ .dh-DM `a$gdoDBdeibj}$dh[$\$`a$gdo$dh`a$gdo$$ & F Cdh-D1$7$8$H$M `a$gdo!$ Cdh-D1$7$8$H$M `a$gdo$dh-DM `a$gdo AC<<C B>20@>2 8 CA;C3, ?>;=>ABLN 8;8 G0AB8G=> ?@54>AB02;O5<KE 2 :@548B, 8AE>4O 87 D8=0=A>2>3> ?>;>65=8O ?>:C?0B5;59 8 ?@54?@8OB8O, >@30=870F88. #A;>28O D8=0=A>2>9 45OB5;L=>AB8 ?>AB>O==> 87<5=ONBAO, 8 MB> 2;8O5B =0 2>7<>6=>ABL >B?CA:0 B>20@>2 2 4>;3, >1J5< 8 A@>:8 ?@54>AB02;5=8O :@548B0; - ?@8 ?@54>AB02;5=88 709<0 8;8 :@548B0 2 45=56=>9 D>@<5 B@51>20BL >B 8E ?>;CG0B5;O 70;>3 =0 AC<<C =5 =865 @07<5@0 4518B>@A:>9 704>;65==>AB8 ?> ?@54AB>OI5<C ?;0B56C. -B> AB@0EC5B >B =52>72@0B0 ?>;CG5==KE 709<>2 8 :@548B>2. 06=>5 7=0G5=85 8<55B A2>52@5<5==>5 8 ?>;=>5 2KAB02;5=85 AG5B>2 : >?;0B5. @8 ?@>4065 1>;LH>3> :>;8G5AB20 B>20@>2, 8;8 >:070=8O CA;C3 @07=K< ?>:C?0B5;O< MB> =C6=> 45;0BL =5<54;5==>, A B5<, GB>1K >=8 ?>;CG8;8 AG5B0 =5 ?>74=55, G5< 70 45=L 4> =0ABC?;5=8O A@>:0 ?;0B560. 'B>1K 7=0BL ?@545;L=CN AC<<C ?>AB02>: 2 :@548B, F5;5A>>1@07=> >?@545;8BL A@>: ?@>A@>G5==KE ?;0B5659 =0 AG5B0E 4518B>@>2 8 A@02=8BL 53> A> A@54=8< ?> >B@0A;8, A ?>:070B5;O<8 ?@>H;KE ;5B, A 40==K<8 1;8609H8E :>=:C@5=B>2 [28, A.16]. !=865=85 8 >?B8<870F8O :@548B>@A:>9 704>;65==>AB8 ?@54?>;0305B: - ?@028;L=K9 2K1>@ D>@<K 704>;65==>AB8 (10=:>2A:0O 8;8 :><<5@G5A:0O) A F5;LN <8=8<870F88 ?@>F5=B=KE 2K?;0B 8 70B@0B =0 ?@8>1@5B5=85 <0B5@80;L=KE F5==>AB59; - CAB0=>2;5=85 =081>;55 C4>1=>9 D>@<K  HYPERLINK "http://yas.yuna.ru/?1879053312@0805715968" 10=:>2A:>3> :@548B0 8 53> A@>:0 ( HYPERLINK "http://yas.yuna.ru/?1879053312@0812482304" :@0B:>A@>G=0O AAC40 157 >15A?5G5=8O,  HYPERLINK "http://yas.yuna.ru/?1879053312@0814433024" :@548B ?>4 70;>3); - =54>?CI5=85 >1@07>20=8O  HYPERLINK "http://yas.yuna.ru/?1879053312@0809353984" ?@>A@>G5==>9 704>;65==>AB8, A2O70==>9 A 4>?>;=8B5;L=K<8 70B@0B0<8 ( HYPERLINK "http://yas.yuna.ru/?1879053312@0811007232" HB@0D=K5 A0=:F88,  HYPERLINK "http://yas.yuna.ru/?1879053312@0807178752" ?5=8). #?@02;5=85 42865=85< :@548B>@A:>9 704>;65==>AB8  MB> CAB0=>2;5=85 B0:8E 4>3>2>@=KE 2708<>>B=>H5=89 A ?>AB02I8:0<8, :>B>@K5 AB02OB A@>:8 8 @07<5@K ?;0B5659 ?@54?@8OB8O ?>A;54=8< 2 7028A8<>ABL >B ?>ABC?;5=8O 45=56=KE A@54AB2 >B ?>:C?0B5;59. >A;5 >F5=:8 8<CI5AB25==>3> ?>;>65=8O 8 AB@C:BC@K 0:B82>2 8 ?0AA82>2 >@30=870F88 >F5=8205BAO MDD5:B82=>ABL 45OB5;L=>AB8 >@30=870F88. @81K;L O2;O5BAO 206=59H59 M:>=><8G5A:>9 :0B53>@859, >?@545;ONI59 >A=>2=CN F5;L 45OB5;L=>AB8 ;N1>9 >@30=870F88 8 O2;ONI59AO >A=>2=K< M;5<5=B>< D8=0=A>2KE @5AC@A>2 >@30=870F88. @81K;L =081>;55 ?>;=> >B@0605B MDD5:B82=>ABL ?@>872>4AB20, >1J5< 8 :0G5AB2> ?@>872545==>9 ?@>4C:F88, D8=0=A>2>5 A>AB>O=85, >:07K205B AB8<C;8@CNI55 2>7459AB285 =0 C:@5?;5=85 :><<5@G5A:>3> @0AG5B0, 0 7=0G8B, 8 ?;0B565A?>A>1=>AB8.  F5;OE C3;C1;5=8O >F5=:8 ?;0B565A?>A>1=>AB8 2K?>;=O5BAO 0=0;87 ?@81K;8 >@30=870F89 [34, A.56]. @8=F8? 459AB2CNI53> ?@54?@8OB8O ?@54?>;0305B =5?@5@K2=>ABL 45OB5;L=>AB8, :>B>@0O <>65B 1KBL >15A?5G5=0 =0;8G85< 8 =5C:;>==K< @>AB>< ?>B5=F80;0 ?@54?@8OB8O. !;54>20B5;L=>, ?5@54 <5=5465@0<8 AB>8B 7040G0 =5 B>;L:> =5 4>?CAB8BL A?040 8 10=:@>BAB20, => 8 >15A?5G8BL ?@8@>AB ?>B5=F80;0.  A2O78 A MB8<, >1J5:B82=0O >F5=:0 M:>=><8G5A:>3> ?>B5=F80;0 8 8A?>;L7>20=85 2KO2;5==KE 2 @57C;LB0B5 0=0;870 @575@2>2 ?>72>;8B <5=5465@0< MDD5:B82=> C?@02;OBL ?@54?@8OB8O<8 8 >15A?5G8B ?@8@>AB A>1AB25==>AB8 ?@54?@8=8<0B5;O<. 5@5E>4 @>AA89A:>9 M:>=><8:8 =0 @K=>G=K5 >B=>H5=8O >1CA;>28; ?>B@51=>ABL ?@54?@8=8<0B5;59 2 8=AB@C<5=B5 4;O C?@02;5=8O D8=0=A>2K<8 @5AC@A0<8 =0 2A5E C@>2=OE C?@02;5=8O. 8=0<8G=>ABL 187=5A0 B@51C5B, A >4=>9 AB>@>=K, C25;8G5=8O A>1AB25==>AB8, 0 7=0G8B C25;8G5=8O 8<CI5AB25==>3> ?>B5=F80;0, A 4@C3>9 AB>@>=K, >15A?5G5=8O CAB>9G82>AB8 D8=0=A>2>3> ?>;>65=8O 4;O ?@54>B2@0I5=8O 10=:@>BAB20. -B8 7040G8 4>;6=K @5H0BLAO :><?;5:A=>, 4;O G53> 8 B@51C5BAO B5>@5B8G5A:>5 >1>A=>20=85 <>45;8@>20=8O D8=0=A>2>- E>7O9AB25==>9 45OB5;L=>AB8 ?@54?@8OB8O A B>G:8 7@5=8O 8A?>;L7>20=8O 8 D>@<8@>20=8O M:>=><8G5A:>3> ?>B5=F80;0. 5>1E>48<>ABL C?@02;5=8O M:>=><8G5A:8< ?>B5=F80;>< B@51C5B CAB0=>2;5=8O 1>;55 3;C18==KE ?@8G8==>-A;54AB25==KE A2O759 <564C =0;8G85< 8 8A?>;L7>20=85< @5AC@A>2, =0;8G85< :0?8B0;0 8 MDD5:B82=>ABLN 53> @07<5I5=8O 8 8A?>;L7>20=8O. > <=5=8N 02B>@0, @5GL 4>;6=0 84B8 > F5;>AB=>9 B5>@5B8G5A:>9 :>=F5?F88 AB018;L=>AB8 A8AB5<K ?@54?@8=8<0B5;LAB20 =0 1075 ?@8ACI8E 59 >A=>2>?>;030NI8E C=825@A0;L=KE 70:>=><5@=>AB59, CG8BK20NI8E C@>:8 @0728B8O ?@54?@8=8<0B5;LAB20 2 >AA88. ACI5AB2;5=85 ?@54?@8=8<0B5;LA:>9 45OB5;L=>AB8 (=57028A8<> >B >B@0A;8 8 2840 45OB5;L=>AB8) >A=>20=> =0 =0;8G88 @5AC@A>2 8 MB8< >1JOA=O5BAO @5AC@A=K9 ?>4E>4 : M:>=><8G5A:><C ?>B5=F80;C ?@54?@8OB8O. 50;88 ?5@5E>4=>9 M:>=><8:8 >?@545;ONB 0:BC0;L=>ABL >15A?5G5=8O CAB>9G82>AB8 D8=0=A>2>3> ?>;>65=8O ?@54?@8OB8O. >ABC?=>ABL 1CE30;B5@A:>9 (D8=0=A>2>9) >BG5B=>AB8 >15A?5G8205B 0=0;8B8:0 >B=>A8B5;L=> >1J5:B82=K< 8AB>G=8:>< 8=D>@<0F88 >1 M:>=><8G5A:>< ?>B5=F80;5 ?@54?@8OB8O 8 ?@>F5AA5 53> D>@<8@>20=8O. ;O @50;L=>9 >F5=:8 ?5@A?5:B82 @0728B8O ?@54?@8OB8O =5>1E>48<> ?@54AB02;5=85 =5 B>;L:> > D8=0=A>2KE @57C;LB0B0E, => 8 >1 8A?>;L7>20=88 ?@>872>4AB25==>3> ?>B5=F80;0, >?@545;ONI53> 2>7<>6=>AB8 @>AB0 ?@>872>4AB20 8 ?>B@51=>AB8 2 4>?>;=8B5;L=KE 8=25AB8F8OE [29, A.23]. KG030<8 >?B8<870F88 ;8:284=>AB8 >@30=870F88 <>3CB 1KBL: -#25;8G5=85 4>;8 A>1AB25==KE 8AB>G=8:>2 D8=0=A8@>20=8O <>65B 1KBL 4>AB83=CB> 70 AG5B ?>2KH5=8O ?@81K;L=>AB8 45OB5;L=>AB8 >@30=870F88 8 40;L=59H53> =0?@02;5=8O G8AB>9 ?@81K;8 =0 C25;8G5=85 A>1AB25==KE A@54AB2. -!>25@H5=AB2>20=85 @01>BK ?> C?@02;5=8N >1>@>B=K< :0?8B0;><; 575@2K >?B8<870F88 >1>@>B=>3> :0?8B0;0 >?@545;ONBAO =0 MB0?5 0=0;870 >1>@0G8205<>AB8 8 <>3CB A>AB>OBL 2 A>:@0I5=88 ?5@8>4>2 >1>@>B0 M;5<5=B>2 B5:CI8E 0:B82>2 8 (8;8) C25;8G5=88 ?5@8>4>2 >1>@>B0 M;5<5=B>2 B5:CI8E ?0AA82>2. 57CA;>2=>, ?>4 C25;8G5=85< ?5@8>4>2 >1>@>B0 M;5<5=B>2 B5:CI8E ?0AA82>2 =5 ?>4@07C<5205BAO =0@CH5=85 CA;>289 4>3>2>@>2 A ?>AB02I8:0<8 8 @0AG5B>2 A 1N465B>2 (=5 ?>4@07C<5205BAO A>740=85 ?@>A@>G5==KE 704>;65==>AB59 ?5@54 ?>AB02I8:0<8, 1N465B><, ?5@A>=0;><). -?B8<870F8O 8=25AB8F8>==>9 ?>;8B8:8. >4 >?B8<870F859 8=25AB8F8>==>9 ?>;8B8:8 ?>4@07C<5205BAO ?@82545=85 <0AHB01>2 :0?8B0;L=KE 2;>65=89 2 A>>B25BAB285 @50;L=K< D8=0=A>2K< 2>7<>6=>ABO< >@30=870F88. -?B8<870F8O D8=0=A>2>9 ?>;8B8:8. >4 >?B8<870F859 D8=0=A>2>9 ?>;8B8:8 ?>4@07C<5205BAO, 2 G0AB=>AB8, >B:07 >B D8=0=A8@>20=8O :0?8B0;L=KE 2;>65=89 70 AG5B :@0B:>A@>G=>3> :@548B>20=8O. @82;5G5=85 4>;3>A@>G=>3> D8=0=A8@>20=8O. 50;870F8O G0AB8 ?>AB>O==KE 0:B82>2, =5 8A?>;L7C5<KE 2 ?@>F5AA5 ?@>872>4AB20. #AB>9G82>ABL D8=0=A>2>3> A>AB>O=8O <>65B 1KBL ?>2KH5=0 ?CB5<: -CA:>@5=8O >1>@0G8205<>AB8 :0?8B0;0 2 B5:CI8E 0:B820E, 2 @57C;LB0B5 G53> ?@>87>945B >B=>A8B5;L=>5 53> A>:@0I5=85 =0 @C1;L >1> @>B0; ->1>A=>20==>3> C<5=LH5=8O 70?0A>2 8 70B@0B (4> =>@<0B820); -?>?>;=5=8O A>1AB25==>3> >1>@>B=>3> :0?8B0;0 70 AG5B 2=CB@5==8E 8 2=5H=8E 8AB>G=8:>2. B0:, ?;0B565A?>A>1=>ABL D8@<K, 55 2>7<>6=>ABL ?@>872>48BL =5>1E>48<K5 ?;0B568 8 @0AG5BK 2 >?@545;5==K5 A@>:8, 7028AOI0O :0: >B ?@8B>:0 45=56=KE A@54AB2 4518B>@>2, ?>:C?0B5;59 8 70:07G8:>2 D8@<K, B0: 8 >B >BB>:0 A@54AB2 4;O 2K?>;=5=8O ?;0B5659 2 1N465B, @0AG5B0< A ?>AB02I8:0<8 8 4@C38<8 :@548B>@0<8 D8@<K - :;NG52>9 D0:B>@ 55 D8=0=A>2>9 AB018;L=>AB8. 540@>< 2 >AA88 :0:>5-;81> A>B@C4=8G5AB2> A ?@54?@8OB85<, D8@<>9, 10=:>< 2A5340 =0G8=0NB A >F5=:8 53> ?;0B565A?>A>1=>AB8. ;O @C:>2>4AB20 D8@<K >A>15==> 206=> ?@>2>48BL A8AB5<0B8G5A:89 0=0;87 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O 4;O MDD5:B82=>3> C?@02;5=8O 8<, 4;O ?@54C?@5645=8O 2>7=8:=>25=8O 8 A2>52@5<5==>3> ?@5:@0I5=8O C65 2>7=8:H8E :@878A=KE A8BC0F89. 0ABC?;5=85 =5?;0B565A?>A>1=>AB8 >7=0G05B ?@52KH5=85 @0AE>4>20=8O 45=56=KE A@54AB2 =04 8E ?>ABC?;5=85< 2 CA;>28OE >BACBAB28O @575@2>2 ?>:@KB8O, B.5. >1@07C5BAO :@878A=0O O<0.  MB>B <><5=B G0I5 2A53> 8 =0G8=0NBAO ?@>1;5<K A :@548B>@0<8 ?@54?@8OB8O. @548B>@K, ?KB0NBAO 25@=CBL A2>8 A@54AB20 ?CB5< 0@5AB>2 8<CI5AB20. A5 A@54AB20, ?>ABC?0NI85 =0 AG5B ?@54?@8OB8O, 02B><0B8G5A:8 1;>:8@CNBAO 8 A?8AK20NBAO 2 ?>;L7C :@548B>@>2, 45OB5;L=>ABL ?@54?@8OB8O 70<>@068205BAO, 0 HB@0DK 8 ?5=8 ?@>4>;60NB =0G8A;OBLAO. A=>2=K< D0:B>@><, >15A?5G820NI8< @>AB ?@81K;L=>AB8 >A=>2=>9 45OB5;L=>AB8  0@:5B-N:A =0 ?@>BO65=88 8AA;54C5<>3> ?5@8>40, O2;O;>AL C25;8G5=85 >1J5<0 @50;870F88 ?@54>AB02;O5<KE CA;C3. "0:8< >1@07><, C25;8G5=85 >1J5<>2 @50;870F88 O2;O5BAO @575@2>< ?>2KH5=8O ?@81K;L=>AB8 =0H59 D8@<K. !>25@H5=AB2>20=85 <0@:5B8=3>2>9 AB@0B5388 >@30=870F88 =5>1E>48<> A F5;LN ?@82;5G5=8O ?;0B565A?>A>1=KE 70:07G8:>2 8 C25;8G5=85 >1J5<>2 ?@54>AB02;O5<KE @01>B 8 CA;C3. >2KH5=85 :0G5AB20 >:07K205<KE CA;C3 =0A5;5=8N 8 ?@54?@8OB8O<, 2 B>< G8A;5 70 AG5B A>25@H5=AB2>20=8O A8AB5<K C?@02;5=8O ?5@A>=0;>< 8 53> <>B820F88 : ?@>872>48B5;L=><C 8 :0G5AB25==><C B@C4C. >AB :0G5AB20 >:07K205<KE CA;C3 8 ?@>872>48B5;L=>AB8 B@C40 O2;ONBAO 206=59H8<8 CA;>28O<8 =5 B>;L:> D8=0=A>2>9 AB018;L=>AB8, => 8 M:>=><8G5A:>3> @>AB0 ?@54?@8OB8O, ?>MB><C =5>1E>48<>, A >4=>9 AB>@>=K, 8A?>;L7>20BL @07=>>1@07=K5 <5B>4K <0B5@80;L=>3> 8 <>@0;L=>3> AB8<C;8@>20=8O ?@>872>48B5;L=>3> B@C40, A 4@C3>9 AB>@>=K  ?>2KH0BL MDD5:B82=>ABL 8A?>;L7>20=8O 8<5NI53>AO >1>@C4>20=8O (<>45@=870F8O, 02B><0B870F8O 8 4@.); 5>1E>48<> >ACI5AB2;OBL ?>AB>O==K9 :>=B@>;L 70 8745@6:0<8, >A>15==>, 2 G0AB8 :>A25==KE =5?@>872>48B5;L=KE ?>AB>O==KE @0AE>4>2. 5A><=5==>, ?@82;5G5=85 4>?>;=8B5;L=KE 4>;3>A@>G=KE 8AB>G=8:>2 D8=0=A8@>20=8O ?>;>68B5;L=> A:07K205BAO =0 ?>2KH5=88 ;8:284=>AB8 8 2 F5;>< D8=0=A>2>9 CAB>9G82>AB8 ?@54?@8OB8O. ;O B>3> GB>1K AB018;87>20BL 45OB5;L=>ABL ?@54?@8OB8O  0@:5B-;N:A 8 >15A?5G8BL 4>?CAB8<K9 C@>25=L ?;0B565A?>A>1=>AB8 8 ;8:284=>AB8 ?>:070B5;59 ?@54?@8OB85 ?@8=8<05B @5H5=85 > 70:;NG5=88 2K3>4=KE 4>3>2>@>2 =0 @50;870F8N B>20@0, 8 2 F5;>< ?@54?>;0305B C25;8G5=85 >1J5<0 @50;870F88 B>20@>2 =0 9% ?> A@02=5=8N A C@>2=5< 2005 3>40. "0:8< >1@07>< C@>25=L 2K@CG:8 >B @50;870F88 A>AB028B 16482 BKA.@C1;59. AE>4O 8 @>AB0 A515AB>8<>AB8 B0:65 =0 9%, AC<<K G8AB>9 ?@81K;8 =0 ?@>3=>7=K9 3>4 1C45B A>AB02;OBL 2114 BKA.@C1;59. ;O B>3> GB>1K @0AAG8B0BL ?@>3=>7=K5 ?>:070B5;8 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O  0@:5B-N:A =5>1E>48<> A>AB028BL 8 ?@>3=>7=K9 10;0=A. 0  0@:5B-N:A =5 ?;0=8@C5BAO C25;8G820BL 25;8G8=C 2=5>1>@>B=KE 0:B82>2, ?>MB><C >=0 >AB05BAO =0 C@>2=5 2004 3>40. 1>@>B=K5 0:B82K C25;8G820NBAO 70 AG5B @>AB0 4518B>@A:>9 704>;65==>AB8 8 45=56=KE A@54AB2, GB> A2O70=> A @>AB>< 2K@CG:8 >B @50;870F88 ?@54>AB02;O5<KE CA;C3. 5=56=K5 A@54AB20 @53C;8@CNB 10;0=A ?@54?@8OB8O (B01;.16). "01;8F0 16 @>3=>7=K9 0:B82 10;0=A0  0@:5B-N:A, (BKA.@C1.) >:070B5;L 0AG5B2005 3>4?@>3=>7>B:;>=5=85=5>1>@>B=K5 0:B82K-1838,001838100,01>@>B=K5 0:B82K 2 B.G.-3268,003457105,80?0AK EMBED Equation.3 2046,002185106,8!-23,0023100,0518B>@A:0O 704>;65==>ABL (4>;3>A@>G=0O)-18,0018100,0518B>@A:0O 704>;65==>ABL (:@0B:>A@>G=0O) EMBED Equation.3 1039,001053101,35=56=K5 A@54AB20-120,00156130,0@0B:>A@>G=K5 D8=0=A>2K5 2;>65=8O-22,0022100,0:B82 10;0=A0-5106,005295103,7 @, !@  2K@CG:0, A515AB>8<>ABL >B @50;870F88 ?@>3=>7=>3> ?5@8>40   G8A;> 4=59 2 ?5@8>45 47, :7, 7  ?5@8>4 ?>30H5=8O 4518B>@A:>9, :@548B>@A:>9 704>;65==>AB8, 70?0A>2 >BG5B=>3> ?5@8>40 "0:8< >1@07><, 0:B82 10;0=A0 2K@>A =0 BKA.@C1., GB> ?@>87>H;> 70 AG5B @>AB0 70?0A>2, 4518B>@A:>9 704>;65==>AB8 8 AB0BL8 45=56=K5 A@54AB20. !B0BLO 45=56=K5 A@54AB20 @53C;8@C5B 10;0=A. =0;87 ?@>3=>7=>3> ?0AA820 10;0=A0 A;54C5B =0G8=0BL A 25;8G8=K :0?8B0;0, B0: ?@54?>;0305<, GB> CAB02=K9, :0?8B0; =5 87<5=8B A2>8E 7=0G5=89 =0 ?@>3=>7=K9 ?5@8>4. "0: :0: ?> @57C;LB0B0< @0AG5B>2 C =0A AC<<0 ?@81K;8 70 ?@>3=>7=K9 3>4 A>AB028;0 2114 BKAOG @C1;59, B> <>6=> ?@54?>;>68BL, GB> 25;8G8=0 A>1AB25==>3> :0?8B0;0 C25;8G8BAO =0 MBC AC<<C. "0:, 70 >BG5B=K9 ?5@8>4 A>1AB25==K9 :0?8B0; A>AB02;O; 2985 BKAOG @C1;59, B>340 =0 ?@>3=>7=K9 ?5@8>4 53> A@54=OO 25;8G8=0 1C45B @02=0 (2985+(2985+2114))/2 = 4042 BKAOG @C1;59, B> 5ABL =5@0A?@545;5==0O ?@81K;L A>AB028B 4042-2232 = 1810 BKAOG @C1;59. 0:A8<0;L=0O 25;8G8=0 :@548B>@A:>9 704>;65==>AB8 >?@545;O5BAO ?> D>@<C;5:  EMBED Equation.3  (3.14) 0:A8<0;L=0O 25;8G8=0 :@548B>@A:>9 704>;65==>AB8 A>AB028B 2014 BKAOG @C1;59. !>3;0A=> C65 2KAB@>5==>9 AB@C:BC@5 10;0=A0 =0 4>;N :@0B:>A@>G=KE >1O70B5;LAB2 ?@8E>48BAO 5295 BKA.@C1;59  4042 BKA.@C1.= 1253 BKA.@C1;59, GB> >7=0G05B, GB> 70 AG5B ?>;CG5==>9 ?@81K;8 ?@54?@8OB85 ?>30H05B AC<<K :@548B>@A:>9 704>;65==>AB8 ?5@54 ?>AB02I8:0<8. 0 >A=>20=88 ?@54AB02;5==KE @0AG5B>2 A>AB028< ?@>3=>7=K9 ?0AA82 10;0=A0 ?@54?@8OB8O  0@:5B-N:A (B01;.18). "01;8F0 17 @>3=>7=K9 ?0AA82 10;0=A0  0@:5B-N:A, (BKA.@C1.) >:070B5;L2005 3>4?@>3=>7>B:;>=5=851234!>1AB25==K9 :0?8B0; 2 B.G.29854042135,4#AB02=K9 :0?8B0;22322232100,05@0A?@545;5==0O ?@81K;L7531810240,4@0B:>A@>G=K5 >1-20 2 B.G.2121125359,1@548B>@A:0O 704>;65==>ABL2002113456,6@>G85 ?0AA82K119119100,00AA82 10;0=A051065295103,7 "0:65 A;54C5B >B<5B8BL 8 C25;8G5=85 ?0AA820 10;0=A0 ?@54?@8OB8O, GB> >7=0G05B @>AB 8AB>G=8:>2 D8=0=A8@>20=8O 8<CI5AB20  0@:5B-N:A, GB> ?@>87>H;> 2 @57C;LB0B5 A=865=8O :@548B>@A:>9 704>;65==>AB8, 8 @>AB0 =5@0A?@545;5==>9 ?@81K;8 ?@54?@8OB8O. 5;8G8=0 20;NBK 10;0=A0 2K@>A;0 =0 3,7%. "0:8< >1@07><, ?> @57C;LB0B0< ?@54AB02;5==KE ?@>3=>7=KE 40==KE O @0AAG8B0N ?@>3=>7=K5 ?>:070B5;8 45OB5;L=>AB8 ?@54?@8OB8O, GB>1K >F5=8BL ?;0B565A?>A>1=>ABL 8 ;8:284=>ABL ?@54?@8OB8O.  A>>B25BAB288 A <5B>48:>9 0=0;870 ;8:284=>AB8 10;0=A0, ?@54;>65==>9 2 3;025 ?5@2>9 48?;><=>9 @01>BK, A>AB028< B01;8FC 18. "01;8F0 18 @>3=>7=K9 0=0;87 ;8:284=>AB8 10;0=A0  >;K, BKA.@C1. :B822005 3?@>3=>70AA822005 3?@>3=>71A-=>5 B:;-=851346781 081>;55 ;8:284=K5 0:B82K (1=AB@.250+AB.260)1421781 081>;55 A@>G=K5 >1O70B5;LAB20 (1=AB@.620)2002113436-8682 KAB@> @50;87C5<K5 0:B82K (2=AB@.240)103910532 !@>G=K5 >1O70B5;LAB20 (2610+. 630+ 660)9711914223 54;5==> @50;87C5<K5 0:B82K (3 . 210+A220+ A.230+A.270)208722263 >;3>A@>G=K5 >1O70B5;LAB20 (3590+.640+.65013904 "@C4=> @50;87C5<K5 0:B82K (4=AB@.190)183818384 #AB>9G82K5 ?0AA82K (4= AB@.490)29854042010570;0=A510652950;0=A51065295189  B01;8F5 19 ?@54AB028< A>>B=>H5=85 0:B82>2 8 ?0AA82>2 4;O >1>A=>20=8O ;8:284=>AB8 10;0=A0  >;K "01;8F0 19 @>3=>7=>5 A>>B=>H5=85 0:B82>2 8 ?0AA82>2 !>>B=>H5=85 ?>:070B5;592005 3>4 ?@>3=>7"5=45=F8O 1 1--!2 2++!3 3++!4 4++!  10;0=A5  >;K =0 ?@>3=>7=K9 ?5@8>4 B0:65 =01;N405BAO 2>7@>AH89 ?;0B56=K9 =54>AB0B>: =081>;55 ;8:284=KE 0:B82>2 4;O ?>30H5=8O =081>;55 A@>G=KE >1O70B5;LAB2.  >AB0;L=KE ?>:070B5;OE 10;0=A O2;O5BAO ;8:284=K< 8 8<55B B5=45=F8N @>AB0 2A5E 7=0G5=89, GB> A2845B5;LAB2C5B > AB018;870F88 D8=0=A>2>3> ?>;>65=8O ?@54?@8OB8O  0@:5B-N:A. B=>A8B5;L=K5 ?>:070B5;8 ;8:284=>AB8  >;K 70 ?5@8>4 A 2004 ?> 2005 3>4K ?@54AB02;5=K 2 B01;8F5 20 "01;8F0 20 =0;87 B5:CI59 8 ?5@A?5:B82=>9 ;8:284=>AB8  >;K >:070B5;82005 3>4 ?@>3=>787<5=5=85"5:CI59 ;8:284=>AB8-918-228965@A?5:B82=>9 ;8:284=>AB820872226139 7 ?@82545==KE @0AG5B>2 284=>, GB> ?@54?@8OB85 ?>AB5?5==> 2>AAB0=02;8205B A2>N ?;0B565A?>A>1=>ABL. %>BO 8 ?>:070B5;L B5:CI59 ;8:284=>AB8 >B@8F0B5;L=K9 =0 ?@>3=>7=K9 ?5@8>4, >4=0:> ?@>8AE>48B 53> 7=0G8B5;L=>5 (=0 896 BKA.@C1;59) C25;8G5=85. =0;87 ?>:070B5;59 ?;0B565A?>A>1=>AB8 ?>72>;8B 40BL 1>;55 B>G=CN E0@0:B5@8AB8:C A>AB>O=8O ?@54?@8OB8O  >;K.  B01;8F5 21 ?@54AB028< ?@>3=>7=K9 0=0;87 ?>:070B5;59 ?;0B565A?>A>1=>AB8. "01;8F0 21 @>3=>7=K9 0=0;87 :>MDD8F85=B>2 ?;0B565A?>A>1=>AB8  >;K >MDD8F85=B 0AG5B 5:><. 7=0G5=85>@< 7=0G5=852005 3>4?@>3=>77<5=5=85L1 (>1I0O) EMBED Equation.3  EMBED Equation.3 0,621,150,53L2 (01A>;NB=0O) EMBED Equation.3 0,1-0,7>0,20,070,140,07L3 (:@8B8G5A:0O) EMBED Equation.3 0,7-0,8>0,80,560,980,42L4 (B5:CI0O) EMBED Equation.3 1>21,542,761,22L5 (>15A?5G5==>AB8 >1>@>B=KE 0:B82>2 -A) EMBED Equation.3  EMBED Equation.3 0,350,640,29@54AB028< =0 @8AC=:5 7 0=0;87 48=0<8:8 ?@>3=>7=KE ?>:070B5;59 ?;0B565A?>A>1=>AB8 ?> A@02=5=8N A >BG5B=K<8 ?>:070B5;O<8  0@:5B-N:A.  8A. 7 @>3=>7=K9 0=0;87 ?>:070B5;59 ?;0B565A?>A>1=>AB8  0@:5B-N:A "0:8< >1@07><, =0 @8A. 7 8 2 B01;8F5 21 284=>, GB> ?>:070B5;8 ?;0B565A?>A>1=>AB8 :><?0=88 2K@>A;8, ?@8 MB>< 2A5 A>>B25BAB2CNB CAB0=>2;5==K< <8=8<0;L=K< 7=0G5=8O<, GB> C65 >7=0G05B 4>AB865=85 ?@54?@8OB85< ?;0B565A?>A>1=>AB8 2 ?@>3=>7=>< ?5@8>45. >:070B5;L >1I59 ;8:284=>AB8 C25;8G8205BAO =0 0,53 548=8FK 8 ?@52KH05B ;8<8B 7=0G5=8O =0 0,5 ?C=:B>2. @8 0=0;875 ?>:070B5;O 01A>;NB=>9 ;8:284=>AB8 2KOA=5=>, GB> 2 ?@>3=>7=>< ?5@8>45 >= B0:65 ?@52KH05B CAB0=>2;5==K9 ?@545;, B> 5ABL ?@54?@8OB85 ?;0B565A?>A>1=>. >:070B5;L :@8B8G5A:>9 ;8:284=>AB8 ?>;=>ABLN A>>B25BAB2C5B =>@<5, 8 A2845B5;LAB2C5B > B><, GB> G0ABL :@0B:>A@>G=KE >1O70B5;LAB2 ?@54?@8OB8O <>65B 1KBL =5<54;5==> ?>30H5=0 70 AG5B A@54AB2 =0 @07;8G=KE AG5B0E, 2 :@0B:>A@>G=KE F5==KE 1C<030E, 0 B0:65 ?>ABC?;5=8O ?> @0AG5B0< (4518B>@A:0O 704>;65==>ABL 4> 12 <5AOF52). 7<5=5=85 :>MDD8F85=B0 B5:CI59 ;8:284=>AB8 =0 1,22 548=8FK ?>:07K205B, GB> >= A>AB02;O5B 1>;55 548=8FK, GB> >7=0G05B 2>7<>6=>ABL ?>30H5=8O A2>8E B5:CI8E >1O70B5;LAB2 ?CB5< <>18;870F88 >1>@>B=KE A@54AB2. >@<0;L=>5 7=0G5=85 :>MDD8F85=B0 >15A?5G5==>AB8 >1>@>B=KE 0:B82>2 A>1AB25==K<8 >1>@>B=K<8 A@54AB20<8 A>AB02;O5B 1>;LH5 0,1, 8 284=>, GB> ?@54?@8OB85 O2;O5BAO D8=0=A>2>-CAB>9G82K<, B0: :0: C =53> 4>AB0B>G=> A>1AB25==KE >1>@>B=KE A@54AB2.  F5;>< :><?0=8O E0@0:B5@87C5BAO 4>AB0B>G=K< C@>2=5< ;8:284=>AB8. 45AL 65 =04> >B<5B8BL ?>;>68B5;L=CN 48=0<8:C 87<5=5=8O ?>:070B5;59 ;8:284=>AB8, :>B>@0O A2845B5;LAB2C5B > ?>AB5?5==>< ?>2KH5=88 ?>B5=F80;L=>9 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O. "0:>5 7=0G5=85 ?>:070B5;O A2845B5;LAB2C5B > AB018;870F88 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O =0 >BG5B=CN 40BC.  F5;>< C@>25=L ?;0B565A?>A>1=>AB8 ?@54?@8OB8O 2K@>A 8 E0@0:B5@87C5B 45OB5;L=>ABL ?@54?@8OB8O, :0: 48=0<8G=> @072820NICNAO :><?0=8N. 0:;NG5=85  ?>A;54=55 2@5<O, 2 A2O78 A ?>2A5<5AB=K< 2=54@5=85< 2KG8A;8B5;L=>9 B5E=8:8 ?@>F5AA 0=0;870 D8=0=A>2>3> ?>;>65=8O :><<5@G5A:>3> ?@54?@8OB8O 7=0G8B5;L=> C?@>AB8;AO. N1>9 3@0<>B=K9 M:>=><8AB 8A?>;L7C5B AB0=40@B=K5 M;5:B@>==K5 B01;8FK 8 2 A>AB>O=88 =0?8A0BL ?@>3@0<<K @0AG5B0 D8=0=A>2KE ?>:070B5;59 8 B5< A0<K< 871028BL A51O >B <>=>B>==>9 @0AG5B=>9 G0AB8 8 A>A@54>B>G8BAO =5?>A@54AB25==> =0 0=0;875 8 ?@>3=>75. 45AL A;54C5B >B<5B8BL, GB> CA?5E 0=0;870 8 ?@>3=>70 2 7=0G8B5;L=>9 AB5?5=8 7028A8B >B ?>;=>BK 8 4>AB>25@=>AB8 8=D>@<0F88. K?>;=5=85 ?@54?@8OB85< A2>8E >1O70B5;LAB2, 0 B0:65 @50;870F8O >6840=89 708=B5@5A>20==KE 3@C?? 7028A8B >B B>3>, =0A:>;L:> >=> A?>A>1=> 2KO2;OBL MB8 ?>B@51=>AB8 8 >6840=8O, MDD5:B82=> 8E C4>2;5B2>@OBL, 2K45@6820O >?B8<0;L=K9 10;0=A ?@82;5:05<KE @5AC@A>2 8 A>740205<>3> 4>102>G=>3> ?@>4C:B0. #:070==0O A?>A>1=>ABL ?@54?@8OB8O B@51C5B MDD5:B82=>9 :>>@48=0F88 459AB289 2 @07;8G=KE AD5@0E, ?@82;5G5=8O =081>;55 ?5@54>2KE B5E=>;>389 C?@02;5=8O. !0<>AB>OB5;L=>ABL ?@54?@8OB8O 2 CA;>28OE @K=>G=>9 M:>=><8:8 70AB02;O5B CG8BK20BL 55 :>=:C@5=B=>ABL 8 701>B8BLAO > @5H5=88 ?@>1;5< =5 B>;L:> @>AB0 8 @0728B8O, => B0:65 8 A0<>A>E@0=5=8O. $8=0=A>2K5 @5AC@AK ?@54?@8OB8O - MB> 2A5 8AB>G=8:8 45=56=KE A@54AB2, 0::C<C;8@C5<K5 ?@54?@8OB85< 4;O D>@<8@>20=8O =5>1E>48<KE 5<C 0:B82>2 2 F5;OE >ACI5AB2;5=8O 2A5E 284>2 45OB5;L=>AB8, :0: 70 AG5B A>1AB25==KE 4>E>4>2, =0:>?;5=89 8 :0?8B0;0, B0: 8 70 AG5B @07;8G=>3> @>40 ?>ABC?;5=89. "@51>20=85 A10;0=A8@>20==>AB8 D8=0=A>2KE @5AC@A>2 A B>G:8 7@5=8O 8E 8AB>G=8:>2 8 =0?@02;5=89 8A?>;L7>20=8O ?>@>6405B >4=C 87 :;NG52KE ?@>1;5< @K=>G=>9 M:>=><8:8 - ?;0B565A?>A>1=>ABL ?@54?@8OB8O. @54AB02;O5BAO =5>1E>48<K< A45;0BL A;54CNI85 2K2>4K. 1) 5>1E>48<> G5B:> @073@0=8G8BL ?>=OB8O ;8:284=>ABL 8 ?;0B565A?>A>1=>ABL. >4 ;8:284=>ABLN =5>1E>48<> ?>=8<0BL A?>A>1=>ABL 0:B82>2 ?@52@0I0BLAO 2 45=56=K5 A@54AB20 :0: <0:A8<0;L=> ;8:284=CN D>@<C 0:B82>2. >4 ?;0B565A?>A>1=>ABLN =5>1E>48<> ?>=8<0BL A?>A>1=>ABL ?@54?@8OB8O ?@82;5:0BL =5>1E>48<>5 :>;8G5AB2> D8=0=A>2KE @5AC@A>2 4;O C4>2;5B2>@5=8O ?;0B56=KE >1O70B5;LAB2. 2) ;0B565A?>A>1=>ABL O2;O5BAO E0@0:B5@8AB8:>9 45OB5;L=>AB8 ?@54?@8OB8O 70 =5:>B>@K9 ?5@8>4. "0:8< >1@07><, A?>A>1=>ABL ?@82;5GL D8=0=A>2K5 @5AC@AK @0AAG8BK205BAO =0 ?;0=>2K9 ?5@8>4 (2 A;CG05 @5B@>A?5:B82=>3> 0=0;870 >?@545;ONBAO D8=0=A>2K5 @5AC@AK, D0:B8G5A:8 ?@82;5G5==K5 70 0=0;878@C5<K9 ?5@8>4). A?>;L7>20=85 ?>:070B5;O ?;0B565A?>A>1=>AB8 83@05B 1>;LHCN @>;L =5 B>;L:> 2 0=0;875, => 8 ?@8 @50;870F88 2A5E >AB0;L=KE DC=:F89 <5=546<5=B0: ?;0=8@>20=85, B5:CI55 C?@02;5=85 8 :>=B@>;L 2 D8=0=A>2>< <5=546<5=B5 =0F5;5=K =0 ?>445@60=85 A?>A>1=>AB8 ?@54?@8OB8O 2>2@5<O 8 2 ?>;=>< >1J5<5 C4>2;5B2>@OBL A2>8 ?;0B56=K5 >1O70B5;LAB20 B0:8< >1@07><, GB>1K =081>;55 @57C;LB0B82=> 8 MDD5:B82=> 4>AB830BL CAB0=>2;5==K5 AB@0B538G5A:85 F5;8 8 >?5@0B82=K5 >@85=B8@K. 1J5:B>< 8AA;54>20=8O 2 @01>B5 2KABC?05B  0@:5B-N:A.  >;K - MB> ?@54?@8OB85 >?B>2>9 8 @>7=8G=>9 B>@3>2;8 ?0@:5B><.  >;K 1K; >1@07>20= 1 O=20@O 2002 3>40.  >;K 70:C?05B AB@>8B5;L=CN ?@>4C:F8N (?0@:5B), 4;O ?>A;54CNI59 ?5@5?@>4068 2 <03078=5 @>7=8G=>9 B>@3>2;8, 0 B0:65 >?B>2>9 ?@>4068 =5?>A@54AB25==> G5@57 >D8A :><?0=88. <55B A0<>AB>OB5;L=K9 10;0=A, @0AG5B=K5 AG5B0, 20;NB=K5 AG5B0 2 @07=KE 10=:0E, D8@<5==K5 ?5G0BL 8 HB0<?, D8@<5==K9 1;0=:. BG8BK205BAO ?5@54 =0;>3>2>9 8=A?5:F859 > A2>59 45OB5;L=>AB8, 459AB2C5B =0 >A=>25 ?>;=>3> E>7O9AB25==>3> @0AG5B0, A0<>>:C?05<>AB8, A0<>D8=0=A8@>20=8O. 0 >A=>20=88 @57C;LB0B>2 0=0;870 ?@54?@8OB8O  >;K <>6=> AD>@<C;8@>20BL =5A:>;L:> 2K2>4>2: 1. ?@54?@8OB85 =0E>48BAO =0 MB0?5 @0728B8O 45OB5;L=>AB8, B0: :0: ?> ?>:070B5;O< >=> =0 40==K9 <><5=B O2;O5BAO ?;0B565A?>A>1=K<, >4=0:> MB0 A?>A>1=>ABL ?0405B 2. 2>7@>AH89 ?;0B56=K9 =54>AB0B>: =081>;55 ;8:284=KE 0:B82>2 4;O ?>30H5=8O =081>;55 A@>G=KE >1O70B5;LAB2 >B@8F0B5;L=> A:07K205BAO =0 45OB5;L=>AB8 D8@<K !=865=85 AB0B59 2=5>1>@>B=KE 0:B82>2 =0 19 BKAOG @C1;59, A?>A>1AB2>20;> A=865=8N 0:B820 10;0=A0 =0 0,4%. #25;8G5=85 >1>@>B=KE 0:B82>2 =0 327 BKAOG @C1;59 8;8 =0 11,12% C25;8G8;> 10;0=A =0 6,82%. >AB 70?0A>2 =0 104 BKA.@C1. 8;8 =0 5,36% 40;> C25;8G5=85 10;0=A0 =0 2,17%, GB> 2 40==KE CA;>28OE ACI5AB2>20=8O ?@54?@8OB8O <>6=> AG8B0BL ?>;>68B5;L=K< D0:B><. >AB 4518B>@A:>9 704>;65==>AB8 =0 179 BKA.@C1. C25;8G8205B >1>@>B=K5 0:B82K =0 3,73%.  ?0AA825 <K =01;N405< C25;8G5=85 705<=KE A@54AB2 =0 21,24%, GB> C25;8G8205B ?0AA82 =0 5,42%, 4>;O :@548B>@A:>9 704>;65==>AB8 2K@>A;0 =0 13,6%, GB> 40;> C25;8G5=85 10;0=A0 =0 1,29%. @54?@8OB85 E0@0:B5@87C5BAO =5CAB>9G82K< D8=0=A>2K< ?>;>65=85<, E0@0:B5@87C5<>5 =0@CH5=85< ?;0B565A?>A>1=>AB8, ?@8 :>B>@>< A>E@0=O5BAO 2>7<>6=>ABL 2>AAB0=>2;5=85 @02=>25A8O 70 AG5B ?>?>;=5=8O 8AB>G=8:>2 A>1AB25==KE A@54AB2, A>:@0I5=8O 4518B>@A:>9 704>;65==>AB8, CA:>@5=8O >1>@0G8205<>AB8 70?0A>2. @54?@8OB85 =0E>48BAO =0 3@0=8 10=:@>BAB20, @02=>25A85 ?;0B56=>3> 10;0=A0 >15A?5G8205BAO 70 AG5B 704>;65==>AB8 ?@54?@8OB8O.  4;O B>3>, GB>1K ?>4=OBL ?@54?@8OB85 87 :@878A=>3> A>AB>O=8O =5>1E>48<> ?@>4C<0BL :><?;5:A <5@>?@8OB89, :>B>@K5 1K A?>A>1AB2>20;8 @>ABC M:>=><8G5A:8E ?>:070B5;59, 0 B0:65 @>ABC ?@81K;8 D8@<K. 0 ?@>BO65=88 2A53> 0=0;878@C5<>3> ?5@8>40 =01;N405BAO B5=45=F8O @>AB0 ?>:070B5;59 @5=B015;L=>AB8, GB> A2O70=> 2 ?5@2CN >G5@54L B5<?0<8 A=865=8O A515AB>8<>AB8, :>B>@K5 <5=LH5 B5<?>2 A=865=8O 2K@CG:8. >:070B5;L B5:CI59 ;8:284=>AB8 >B@8F0B5;L=K9 70 0=0;878@C5<K9 ?5@8>4, GB> A2845B5;LAB2C5B > B><, GB> =081>;55 ;8:284=K5 8 1KAB@>@50;87C5<K5 0:B82K, B0:85 :0: 45=56=K5 A@54AB20, 4518B>@A:0O 704>;65==>ABL =5 ?>:@K20NB =081>;55 A@>G=KE >1O70B5;LAB2 8 :@0B:>A@>G=KE ?0AA82>2, :>B>@KE =5B C ?@54?@8OB8O. "> 5ABL =5 ?>:@K20NB :@548B>@A:CN 704>;65==>ABL. 5@A?5:B82=0O ;8:284=>ABL, B.5. ?@>3=>7 ?;0B565A?>A>1=>AB8, >=, :0: 284=>, 1;03>?@8OB=K9, B0: :0: 2> 2A5E 8AA;54C5<KE ?5@8>40E ?>:070B5;L ?>;>68B5;L=K9, B.5. <54;5==> @50;87C5<K5 0:B82K ?@52KH0NB 4>;3>A@>G=K5 ?0AA82K. "0:>9 0=0;87 ;8:284=>AB8 10;0=A0 O2;O5BAO ?@81;865==K<. >;55 45B0;L=K< O2;O5BAO 0=0;87 ?;0B565A?>A>1=>AB8 ?@8 ?><>I8 D8=0=A>2KE :>MDD8F85=B>2.  F5;>< :><?0=8O E0@0:B5@87C5BAO =87:>9 ;8:284=>ABLN. ! M:>=><8G5A:>9 B>G:8 7@5=8O MB> >7=0G05B, GB> 2 A;CG05 A@K2>2 (4065 =57=0G8B5;L=KE) 2 >?;0B5 ?@>4C:F88 ?@54?@8OB85 <>65B AB>;:=CBLAO A A5@L57=K<8 ?@>1;5<0<8 ?>30H5=8O 704>;65==>AB8 ?>AB02I8:0<. 45AL 65 =04> >B<5B8BL >B@8F0B5;L=CN 48=0<8:C 87<5=5=8O ?>:070B5;59 ;8:284=>AB8, :>B>@0O A2845B5;LAB2C5B > ?>AB5?5==>< ?045=88 ?>B5=F80;L=>9 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O. !B@C:BC@0 10;0=A0 ?@87=05BAO =5C4>2;5B2>@8B5;L=>9, B0: :0: ?>:070B5;L ;8:284=>AB8 =5 ?@52KH05B CAB0=>2;5==>3> =>@<>9 7=0G5=8O, 8 :0: A;54C5B 0=0;87 ?>:070B5;59 D8=0=A>2>9 A>AB>OB5;L=>AB8, >=8 =5 ?@52KH0NB CAB0=>2;5==K9 C@>25=L, 8 A>>B25BAB25==>, ?@54?@8OB85 =5 8<55B @50;L=>9 2>7<>6=>AB8 2>AAB0=>28BL A2>N ?;0B565A?>A>1=>ABL 2 1;8609H55 2@5<O. A=>2=K<8 7040G8 =0 40==>< MB0?5 O2;O5BAO: -?>2KH5=85 :>=:C@5=B=KE ?@58<CI5AB2 ?@>4C:F88; -C25;8G5=85 45=56=>3> :><?>=5=B0 2 @0AG5B0E; -C25;8G5=85 >1>@0G8205<>AB8 0:B82>2. A=>2=K< D0:B>@><, >15A?5G820NI8< @>AB ?@81K;L=>AB8 >A=>2=>9 45OB5;L=>AB8  >;K =0 ?@>BO65=88 8AA;54C5<>3> ?5@8>40, O2;O;>AL C25;8G5=85 >1J5<0 @50;870F88 ?@>4C:F88. "0:8< >1@07><, C25;8G5=85 >1J5<>2 @50;870F88 ?@>4C:F88 O2;O5BAO @575@2>< ?>2KH5=8O ?@81K;L=>AB8  >;K. AA;54>20=85 ?@>1;5<K ?;0B565A?>A>1=>AB8 >@30=870F89 ?>:07K205B, GB> 704>;65==>ABL E>7O9AB2CNI8E AC1J5:B>2 - G0AB>5 O2;5=85, A>?@>2>640NI55 @K=>G=K5 ?@5>1@07>20=8O. =>3>G8A;5==K5 >@30=870F88 @53C;O@=> ?>?040NB 2 @0=3 =5?;0B565A?>A>1=KE 87-70 =5C<5=8O, ?> B5< 8;8 8=K< ?@8G8=0<, 040?B8@>20BLAO : @K=>G=K< >B=>H5=8O<. KG030<8 >?B8<870F88 ;8:284=>AB8 >@30=870F88 <>3CB 1KBL: -#25;8G5=85 4>;8 A>1AB25==KE 8AB>G=8:>2 D8=0=A8@>20=8O <>65B 1KBL 4>AB83=CB> 70 AG5B ?>2KH5=8O ?@81K;L=>AB8 45OB5;L=>AB8 >@30=870F88 8 40;L=59H53> =0?@02;5=8O G8AB>9 ?@81K;8 =0 C25;8G5=85 A>1AB25==KE A@54AB2. -!>25@H5=AB2>20=85 @01>BK ?> C?@02;5=8N >1>@>B=K< :0?8B0;><; -?B8<870F8O D8=0=A>2>9 ?>;8B8:8. >4 >?B8<870F859 D8=0=A>2>9 ?>;8B8:8 ?>4@07C<5205BAO, 2 G0AB=>AB8, >B:07 >B D8=0=A8@>20=8O :0?8B0;L=KE 2;>65=89 70 AG5B :@0B:>A@>G=>3> :@548B>20=8O. @82;5G5=85 4>;3>A@>G=>3> D8=0=A8@>20=8O. - 50;870F8O G0AB8 ?>AB>O==KE 0:B82>2, =5 8A?>;L7C5<KE 2 ?@>F5AA5 ?@>872>4AB20. ;O B>3> GB>1K AB018;87>20BL 45OB5;L=>ABL ?@54?@8OB8O  0@:5B-;N:A 8 >15A?5G8BL 4>?CAB8<K9 C@>25=L ?;0B565A?>A>1=>AB8 8 ;8:284=>AB8 ?>:070B5;59 ?@54?@8OB85 ?@8=8<05B @5H5=85 > 70:;NG5=88 2K3>4=KE 4>3>2>@>2 =0 @50;870F8N B>20@0, 8 2 F5;>< ?@54?>;0305B C25;8G5=85 >1J5<0 @50;870F88 B>20@>2 =0 9% ?> A@02=5=8N A C@>2=5< 2005 3>40. "0:8< >1@07><, ?;0=8@C5BAO @>AB G8AB>9 ?@81K;8 =0 C@>2=5 18,4% 70 AG5B 2=54@5=8O <5@>?@8OB89 ?> ?>445@60=8N AB018;L=>AB8 45OB5;L=>AB8 D8@<K, 0 8<5==> 70:;NG5=85 2K3>4=KE 4>3>2>@>2 =0 ?>AB02:C B>20@>2, 0 B0:65 70:;NG5=85 4>3>2>@>2 =0 >?B>2CN @50;870F8N B>20@>2  ?0@:5B-N:A, B> 5ABL 8<5==> 70 AG5B @>AB0 >1J5<>2 ?@>406 :><?0=88.  10;0=A5  >;K =0 ?@>3=>7=K9 ?5@8>4 B0:65 =01;N405BAO 2>7@>AH89 ?;0B56=K9 =54>AB0B>: =081>;55 ;8:284=KE 0:B82>2 4;O ?>30H5=8O =081>;55 A@>G=KE >1O70B5;LAB2.  >AB0;L=KE ?>:070B5;OE 10;0=A O2;O5BAO ;8:284=K< 8 8<55B B5=45=F8N @>AB0 2A5E 7=0G5=89, GB> A2845B5;LAB2C5B > AB018;870F88 D8=0=A>2>3> ?>;>65=8O ?@54?@8OB8O  0@:5B-N:A. "0:8< >1@07><, ?>:070B5;8 ?;0B565A?>A>1=>AB8 :><?0=88 2K@>A;8, ?@8 MB>< 2A5 A>>B25BAB2CNB CAB0=>2;5==K< <8=8<0;L=K< 7=0G5=8O<, GB> C65 >7=0G05B 4>AB865=85 ?@54?@8OB85< ?;0B565A?>A>1=>AB8 2 ?@>3=>7=>< ?5@8>45.  F5;>< :><?0=8O E0@0:B5@87C5BAO 4>AB0B>G=K< C@>2=5< ;8:284=>AB8. 45AL 65 =04> >B<5B8BL ?>;>68B5;L=CN 48=0<8:C 87<5=5=8O ?>:070B5;59 ;8:284=>AB8, :>B>@0O A2845B5;LAB2C5B > ?>AB5?5==>< ?>2KH5=88 ?>B5=F80;L=>9 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O.  F5;>< C@>25=L ?;0B565A?>A>1=>AB8 ?@54?@8OB8O 2K@>A 8 E0@0:B5@87C5B 45OB5;L=>ABL ?@54?@8OB8O, :0: 48=0<8G=> @072820NICNAO :><?0=8N. !?8A>: 8A?>;L7>20==>9 ;8B5@0BC@K @0640=A:89 :>45:A >AA89A:>9 $545@0F88 (G0ABL 1) >B 30.11.1994 ! 51-$ (2 @54. 3.01.2006) @0640=A:89 :>45:A >AA89A:>9 $545@0F88 (G0ABL 2) >B 26.01.96 !14-$ (2 @54. 3.01.2006) $545@0;L=K9 70:>= >B 8 D52@0;O 1998 3. ! 14-$ 1 >1I5AB20E A >3@0=8G5==>9 >B25BAB25==>ABLN (A 87<5=5=8O<8 >B 29 45:01@O 2004 3.) $545@0;L=K9 70:>=  1CE30;B5@A:>< CG5B5 >B 21.11.1996 !129-$ (2 @54. 30.06.2003) $545@0;L=K9 0:>=  =5A>AB>OB5;L=>AB8 (10=:@>BAB25) !127-$, >B 27.09.2002 3>40 >;>65=85 ?> 1CE30;B5@A:><C CG5BC CE30;B5@A:0O >BG5B=>ABL >@30=870F88 # 4/99, CB25@645==>5 @8:07>< 8=D8=0 >B 06 8N;O 1999 ! 43=. >;>65=85 ?> 2545=8N 1CE30;B5@A:>3> CG5B0 8 1CE30;B5@A:>9 >BG5B=>AB8 2 >AA89A:>9 $545@0F88, CB25@645==>5 ?@8:07>< 8=D8=0 $ >B 29 8N;O 1998 3. ! 34= (2 @54. 24 <0@B0 2000 3.). 04052. . ;0B565A?>A>1=>ABL ?@54?@8OB89 :0: 8=48:0B>@ A>AB>O=8O M:>=><8:8 //$8=0=A>2K9 187=5A.-2004.-N 3.- !. 11-14. >G0@>2..#?@02;5=85 45=56=K< >1>@>B>< ?@54?@8OB89 8 :>@?>@0F89/.. >G0@>2.-.:$8=0=AK 8 AB0B8AB8:0,2006.-144 A. @83E5< ..$8=0=A>2K9 <5=546<5=B:>;=K9 :C@A: 2-E B.:#G51.?>A>185 4;O 2C7>2/5@.A 0=3;./=-BB:@KB>5 >1I5AB2>;".2.-!1.:-:>=><.H:.,2003.-669A. 0= %>@=,6. . A=>2K D8=0=A>2>3> <5=546<5=B0:?5@. A 0=3;. -.:8;LO<A,2006.-992 A. >=G0@>2. . 708<>A2O7L D0:B>@>2 =5?;0B565A?>A>1=>AB8 ?@54?@8OB89 //$8=0=AK.-2004.-N 5.- !. 53-54. >=G0@>2. . >AAB0=>2;5=85 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O: <>45;L >?B8<870F88 AB@C:BC@K //$8=0=AK.-2004.-N 10.-!. 68-69. >=G0@>2. . F5=:0 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O: ?@>1;5<0 MDD5:B82=>AB8 :@8B5@852 //-:>=><8G5A:89 0=0;87: B5>@8O 8 ?@0:B8:0.- 2005.-N 3.- !. 38-44. >=G0@>2. . !8AB5<=0O A2O7L 2=5H=8E 8 2=CB@5==8E D0:B>@>2, A=860NI8E ?;0B565A?>A>1=>ABL @>AA89A:8E ?@><KH;5==KE ?@54?@8OB89 //-:>=><8G5A:89 0=0;87: B5>@8O 8 ?@0:B8:0.-2005.-N 15.- !. 37-42. >=G0@>2. . $8=0=A>2>5 >74>@>2;5=85 ?@54?@8OB8O: <5B>4>;>38O 8 <5E0=87<K @50;870F88 //$8=0=AK.- 2005.-N 11.-!. 68-69. >=G0@>2.F5=:0 ?;0B565A?>A>1=>AB8 :><<5@G5A:>9 >@30=870F88: ?>4E>4K 8 :@8B5@88/ //@54?@8=8<0B5;LAB2>.-2004.-N 6.-!. 96-110 @0G52. .A>15==>AB8 CG5B0 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O 70 ?5@8>4//$8=0=A>2K9 <5=546<5=B.-2004.-N 2.- !. 18-39. 60;052". . F5=:0 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O :0: A>AB02=0O G0ABL 0=B8:@878A=>3> C?@02;5=8O //-:>=><8G5A:89 0=0;87: B5>@8O 8 ?@0:B8:0.-2005.-N 5.- !. 58-64. =4>28F:89 . .$0:B>@=K9 0=0;87 AB5?5=8 ?;0B565A?>A>1=>AB8 :><<5@G5A:>9 >@30=870F88 //-:>=><8G5A:89 0=0;87: B5>@8O 8 ?@0:B8:0.- 2006.-N 9.-!. 2-8 >=F>20 .., 8:8D>@>20 .. =0;87 D8=0=A>2>9 >BG5B=>AB8.  .: 5;> 8 A5@28A, 2006.  368 A. D8<>20.. $8=0=A>2K9 0=0;87-.:CE. CG5B,2006.-352A. >20;52,..$8=0=A>2K9 0=0;87. #?@02;5=85 :0?8B0;><. K1>@ 8=25AB8F89. =0;87 >BG5B=>AB8-.:$8=0=AK 8 AB0B8AB8:0,2006.-512 A ><0E0 . ?B8<870F8O 4518B>@A:>9 704>;65==>AB8. 13.04.2006. //  HYPERLINK "http://www.a-rsb.ru" www.a-rsb.ru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bkkZl\lllllmm8m:m^m`mmmmm6n8nnnnn0o2ooooooo8p:pBpDpVȏV6ġơآڢdf,.PRަ"hR*hoCJNHaJhR*hoCJ]aJhR*ho0J5CJaJhR*ho0JCJaJjhR*hoCJUaJUhR*hoCJaJEbjkLp,r"wZyp|~dvȏV6P!$ Zdh-D1$7$8$H$M `a$gdo$dh-DM `a$gdo$dh`a$gdo$dh[$\$`a$gdoPΕBLLH, $$Ifa$gdo$dh`a$gdo$dh`a$gdo$ dh`a$gdo$dh`a$gdo!$ Zdh-D1$7$8$H$M `a$gdo"$FtijƳ   "24Z\^`bprºµʪʛ~mʱʱʱʱ!j9h3hoCJEHUaJ#j*G h3hoCJUVaJh3hoCJaJjh3hoCJUaJ ho5\ho ho]h3ho]hoB*ph h3ho hoCJhykWhoCJhoCJaJhR*hoCJaJhR*hoCJNHaJ*,:L\rt?kd7$$Iflr ?^$ T9 t0644 la $$Ifa$gdotƳ $$Ifa$gdo $$Ifa$gdoƳȳ K?333 $$Ifa$gdo $$Ifa$gdokdS8$$Iflr ?^$ T9 t0644 la"$2br?3 $$Ifa$gdokd8$$Iflr ?^$ T9 t0644 la $$Ifa$gdor|?3 $$Ifa$gdokd;$$Iflr ?^$ T9 t0644 la $$Ifa$gdo?3 $$Ifa$gdokd<$$Iflr ?^$ T9 t0644 la $$Ifa$gdo  *^~ֵ "lvx~ƶҶԶ tjfI hoCJUVaJjhoCJUaJh3ho5\ ho5\h3ho5hoB*ph!j=h3hoCJEHUaJ#jG h3hoCJUVaJjh3hoCJUaJhoh3hoCJaJhoCJaJ h3ho& *,?kd.=$$Iflr ?^$ T9 t0644 la $$Ifa$gdo,ʵֵ $$Ifa$gdo $$Ifa$gdoֵصK?333 $$Ifa$gdo $$Ifa$gdokd&@$$Iflr ?^$ T9 t0644 la"$hlx?3 $$Ifa$gdokd@$$Iflr ?^$ T9 t0644 la $$Ifa$gdox~?3 $$Ifa$gdokdhA$$Iflr ?^$ T9 t0644 la $$Ifa$gdoƶҶԶֶ?3 dh`gdokd B$$Iflr ?^$ T9 t0644 la $$Ifa$gdoֶZTj¹rb2* $$Ifa$gdo$dh`a$gdo$dh`a$gdo$dh`a$gdo dh`gdo "$$(*2FPRTtv *24<>vĹĪ~ ho5\hSho5 ho5 hehoho ho]hoB*ph h;^hohvho]hvhoB*ph hvho hoCJhykWhoCJhoCJaJjhoCJUaJ!jBh;BhoCJEHUaJ1^NBBB $$Ifa$gdo$$If]a$gdokdE$$Ifl\S#T t0#644 lal2<FR^NBBB $$Ifa$gdo$$If]a$gdokdE$$Ifl\S#T t0#644 lalRTv^RFFF $$Ifa$gdo $$Ifa$gdokd^RFFF $$Ifa$gdo $$Ifa$gdokdhG$$Ifl\S#T t0#644 lal>@v^RFFF $$Ifa$gdo $$Ifa$gdokdG$$Ifl\S#T t0#644 lal^RFFF $$Ifa$gdo $$Ifa$gdokdH$$Ifl\S#T t0#644 lal^RFFF $$Ifa$gdo $$Ifa$gdokdI$$Ifl\S#T t0#644 lalV^OOO@$7dh`7a$gdo$dh`a$gdokdI$$Ifl\S#T t0#644 lal(0HRTbp~2RTVf$6:NллijxhUNhoCJaJhUNhoCJH*PJaJhUNhoCJPJaJhoH*PJaJhoCJaJhohoPJaJho5PJaJhbgho5CJaJhbgho5PJaJhe{CJaJhdhoCJaJhoCJaJhSho5-HTbr $$Ifa$gdo$dh`a$gdo$dh`a$gdo % $If]gdokd8J$$Ifl ֞$ f  %   t0d&44 laV^f $Ifgdo $If]gdoFf^O$$If]a$gdoFfL $$Ifa$gdo:DN6@JFfEYFfU $IfgdoFfR $$Ifa$gdo*246J L`d؞~~yqiahe{CJaJhoCJaJh ho5 ho5 ho5\h7/3hoCJaJh7/3hoCJH*PJaJh7/3hoCJPJaJhzhoCJPJaJhzhoCJaJhoH*PJaJhoCJaJhohoPJaJhUNhoCJPJaJhUNhoCJaJhoCJaJ& Rdnx| $dha$gdo$dh`a$gdoFf_Ff\ $$Ifa$gdo $IfgdoDNR`bv|"$&(,.2LTVXt.hoCJaJhe{CJaJhJhoCJaJ hI hoho hg hohg ho5H* ho5hg ho5hhoCJaJhoCJaJA>RbxzGkda$$Ifl\t%_ff t0F&644 la $$Ifa$gdo $dha$gdoRkd h}(hoCJUVaJmHnHujh}(hoCJUaJ)jsfh}(hoCJEHUaJmH sH .j}> h}(hoCJUVaJmHnHuh}(hoCJaJmH sH h}(hoCJaJ%jh}(hoCJUaJmH sH ",6 $$Ifa$gdo68X' $Ifgdokd k$$Ifl֞,*D &t$ w t0&44 la:<@XZ $.LNPRhjʲʖʄl[ʖʄ!jnh}(hoCJEHUaJ.j}> h}(hoCJUVaJmHnHuhbhomH sH  hhohbhoCJaJ!jkh}(hoCJEHUaJ.j}> h}(hoCJUVaJmHnHuh}(hoCJaJjh}(hoCJUaJ hbhohbhoH*hbhoH*mH sH X $$Ifa$gdo' $Ifgdokdn$$Ifl֞,*D &t$ w t0&44 la$.8BL $$Ifa$gdoLNh' $Ifgdokd'q$$Ifl֞,*D &t$ w t0&44 la>@BDFHnprtv·¡€o]L!jwh}(hoCJEHUaJ#j CG h}(hoCJUVaJ!jGuh}(hoCJEHUaJ#jBG h}(hoCJUVaJ hbhohbhoH*hbhomH sH ho hhohbhoCJaJh}(hoCJaJjh}(hoCJUaJ!jqh}(hoCJEHUaJ#jQݠG h}(hoCJUVaJh $$Ifa$gdo' $Ifgdokdt$$Ifl֞,*D &t$ w t0&44 laFvx $$Ifa$gdovx68:<XZz|L*  ַ֦֐xm`mZ֐NhoB*CJaJph hoCJh"hoCJNHaJh"hoCJaJh\hoCJaJh=~hoCJNHaJh=~hoCJaJhO(hoCJaJ!h6ho@B*CJaJphh6hoCJaJhY:hoaJjzhY:hoUhoCJaJh}(hoCJaJ hhoh8hoB*CJaJph'$dh`a$gdokd-z$$Ifl֞,*D &t$ w t0&44 laF0>N*   $a$gdogdo$dh^`a$gdo$dh`a$gdo $dha$gdo  &(<@jlJLpNPX`RT    $ & 24%%<%D%%%:&<&&&)&*^+,3̴̤̤̤̤̜̤̤̿̿̿̿̿̿̿̿̿̿̿̿̎̎hmho0J5CJaJh)}CJaJhe{CJaJhoCJaJh!hoCJaJhmhoCJNHaJhmhoCJaJhXhoOJQJ^J hmhohohoOJQJ^J hho8 "$&(>@zpPx jN$dh[$\$`a$gdo$dh`a$gdo$dh`a$gdo$a$gdogdo(  $ T 4 l"B @###T$$&F))^+$dh[$\$`a$gdo$dh`a$gdo$dh1$`a$gdo^++->.0r34679::::;\<h=>>?*A,B$ & Fdh^`a$gdogdo$a$gdo$dh[$\$`a$gdo$dh`a$gdo33:::::@RBRRRRRR^^$^:^<^ƻsfbh#hhoOJQJ^Jho5CJOJQJ^JaJh hoCJaJh3ho0JCJaJ#j"h3hoCJUaJjh3hoCJUaJh3hoCJaJhoCJ\aJ hZahohoOJQJ^JhI]ihoOJQJ^JhmhoCJaJhe{CJaJ,B(CbD EEGJHIJKLBNzO:PPQRVSTTU"W XXRYxZ[\$ & Fdh^`a$gdo\^^^^^^^^ ^"^$^:^<^$dh`a$gdo$dh`a$gdo$dh`a$gdo$ & Fdh^`a$gdo ,1h. A!"R#n$n% $$If!v h555%55P555P5 #v#v#v%#v#vP#v#v#vP#v :V  Z6, 5 34pZwkd$$If g m ""$ Z6$$$$34apZ}DyK _Toc160528804}DyK _Toc160528804}DyK _Toc160528805}DyK _Toc160528805}DyK _Toc160528806}DyK _Toc160528806}DyK _Toc160528807}DyK _Toc160528807}DyK _Toc160528808}DyK _Toc160528808}DyK _Toc160528809}DyK _Toc160528809}DyK _Toc160528810}DyK _Toc160528810}DyK _Toc160528811}DyK _Toc160528811}DyK _Toc160528812}DyK _Toc160528812}DyK _Toc160528813}DyK _Toc160528813}DyK _Toc160528814}DyK _Toc160528814}DyK _Toc160528815}DyK _Toc160528815}DyK _Toc160528816}DyK _Toc160528816}DyK _Toc160528817}DyK _Toc160528817Dd    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvxyz{|}~Root Entryc FN@+Data wۅWordDocumentb.ObjectPoolepYN_1048418730F`[`[Ole CompObjfObjInfo "%(+.14569<=>?BEFGJMNOPTUVY\]^_behknqtwz} FMicrosoft Equation 3.0 DS Equation Equation.39qИIuI L 1 =A1+0.5A2+0.3A31+0,52+0,33Equation Native _1048418915 F`[`[Ole CompObj f FMicrosoft Equation 3.0 DS Equation Equation.39q$mIyI L 1 e"1 FMicrosoft Equation 3.0 DS Equation Equation.39qObjInfo Equation Native  @_1048419254F`[`[Ole  CompObj fObjInfoEquation Native `_1048419616 NFpYpYDmIyI L 2 =11+2 FMicrosoft Equation 3.0 DS Equation Equation.39qIuI L 3Ole CompObjfObjInfoEquation Native 8_1048419564F`[`[Ole CompObjfObjInfo FMicrosoft Equation 3.0 DS Equation Equation.39qPmIyI L 3 =1+21+2 FMicrosoft Equation 3.0 DS Equation Equation.39qEquation Native l_1201724753F`[`[Ole CompObj fObjInfo! Equation Native !|_1048490768@$FpYpYOle #M`t  L 4 =AB@>:02901+2 FMicrosoft Equation 3.0 DS Equation Equation.39q\kIvI L 5 =CompObj#%$fObjInfo&&Equation Native 'x_1048491190)FpYpY4"41+2+3 FMicrosoft Equation 3.0 DS Equation Equation.39q,II L 5 e"0,1Ole )CompObj(**fObjInfo+,Equation Native -H_1204827925.FpYpYOle /CompObj-/0fObjInfo02 FMicrosoft Equation 3.0 DS Equation Equation.39q Z=1,2x 1 +1,4E 2 +3,3E 3 +0,6E 4 +1E 5 ,Equation Native 3_1204828615I;3FpYpYOle 7CompObj248f FMicrosoft Equation 3.0 DS Equation Equation.39q X,  E 1 =B5:CI85,0:B82K"B5:CI85,>1O70B5;LAB20!B>8<>ABL_2A53>_8<CI5AB20;ObjInfo5:Equation Native ;<_12048286728F`[`[Ole @ FMicrosoft Equation 3.0 DS Equation Equation.39q8 E 2 =5@0A?@54_?@81K;L!B>8<>ABL_2A53>_8<CI5AB20;CompObj79AfObjInfo:CEquation Native D_12048287216D=F`[`[Ole HCompObj<>IfObjInfo?KEquation Native L FMicrosoft Equation 3.0 DS Equation Equation.39q E 3 =?@81K;L_4>_C?;0BK_=0;>3>2!B>8<>ABL_2A53>_8<CI5AB20;H|jMEOW E 4 =?;0G5==K9_CAB02=>9_:0?8B0;1O70B5;LAB20;_1051209810'XBF`[`[Ole QObjInfoACREquation Native S_1204828831SFF`[`[Ole WCompObjEGXfObjInfoHZ FMicrosoft Equation 3.0 DS Equation Equation.39qp,  E 5 ='8AB0O_2K@CG:0_>B_@50;870F88!B>8<>ABL_2A53>_8<CI5AB20.Equation Native [_1204234919,KF`[`[Ole `CompObjJLaf FMicrosoft Equation 3.0 DS Equation Equation.39q2 =!@E7 FMicrosoft Equation 3.0 DS EqObjInfoMcEquation Native dN_1204231303"1PF`[`[Ole fCompObjOQgfObjInfoRiEquation Native jV_1231428512UF`[`[uation Equation.39q:D  =@E47 FMicrosoft Equation 3.0 DS Equation Equation.39qOle lCompObjTVmfObjInfoWoEquation Native pbF =E(:7)360 FMicrosoft Equation 3.0 DS Equation Equation.39q\kIvI L 5 =4"41+2+3_1202078336]ZF`[`[Ole rCompObjY[sfObjInfo\uEquation Native vx_1202078477_F`[`[Ole xCompObj^`yf FMicrosoft Equation 3.0 DS Equation Equation.39q+$N L 5 e"0,1Oh+'0| ObjInfoa{Equation Native |G1TableSummaryInformation(d~B  S A? 2qߛa0FZ .`!qߛa0FZ  pdx=KAg\rHa &biaZm"D]#$ ob`& ZXXF;7AAnݙfvbA 01VB3Hʙ Nə,9!L$ 9uG/ b'n~T -'/B<)z'(mk[IN?= +WYaCk/ BsVÈ$7 7MWM=<g}fx9ܟkBGM_0hzzUD?xuܿVdTe[`AolL]/=˞<)Eu2֋ԗ,yd|M6"Q*_ʌ`Dd lTB  S A? 2_-y9+q;.`!3-y9+q XJxcdd`` @bD"L1JE `x0 Yjl R A@2 ^p 7$# !L av@Hfnj_jBP~nbC;%@y mC 5p0r3BLt  W&00\w~a$% n => \а'KP 0y{@1pI)$5 +XN?Dd lB  S A? 2>͔ݬ8`M9/_.`!}>͔ݬ8`M9/_ %KxR=KAMj# IJ-L1k Al,I%S6 "G]efcv|u|2SdB RR4 ,}i"Mj`tca S>$ #RpeqIj. f220-=8KDd lB  S A? 2aUWLm$.`!aUWLm$ %WxR=KAE6XۊZD8Pp[I,bg_OV𜙽,&DЅ=;nwe]$2 Q3HIhfW5S!Ls4+D6rAȸQpM)asZ^/ABVYu_"}#"GÂ/}@Ll܎e C57I^U2+)؛88>wQWER^O(E;0흳Y޻DKN:y1?š=~5P?4h@_i] uI7YnzgA+:Y3e!= \;;l VlDd lh  s *A? ?3"`?20DFUp5}=[..`!0DFUp5}=[. (vxڝR=KA?8-J0 #L p]T`뿰Ig[ I.(xޥ,-o.8?gr9!c>byBi6㟍 u HII,x$CD2_bT,<@A+$cړ&$tOl|i5]B0 %۪V+Kx_d{3~5ʈ&(5&']U7s T׳?vⰣ(}|?;:n5Gv6y>._< ~cDIJL! W/aM{U~U!.jͲ!G> 3桩h;`t\!ilDd lllB  S A? 2:tEgKL=){.`!:tEgKL=) xxJAgf}X)l$B6b&`"$ vba%b;XX7`Gϙ3H(nf~B40 2<$Q'! RR&-o|A "9rtϳoD5yةjSk)T(KOPH4ы% kP ڱ6]kxuPk##8 >m~hd %ۙP 27)? b~FKḙ "\P;j;g+KRsΠ$uCpDd hb   c $A ? ?3"`?2+%K(K4=(e/.`!+%K(K4=(e/`@;$|xڝ=,Aߛ]w{{Kq9磓\ G# $'$K6r*(D)jB5FDX3{Fdo?3y!"n`Om1Rb!}G)Ņ YhiNLʗ4:N<ƀꬻUX{l9\dl:KpwVzͶ9c%RUkeMn la<.ٔ)i9Cxk<*ը\a<3'C%#58XLkY"ʕ S9p@ܣ/b\v]Le bz57ZEVBFd2׈=:f(&|oB zzѯWB dS8iV;*ڋi;"=J-f qRl獮D<ҍ+.G<8֭{Wṫ7ųG4k/˕gfԊNTo0Gv&W[]o vͳ#A$/|Խ2MAPSKy_X Cy=za[:wZ hWDd b   c $A ? ?3"`? 2[sW]l{%.`![sW]l{ &dxڝR;KAK^9(E:-R P ;p@RD^E~v),bb Ļ x잇 uao ]0|d}P D|S[ Q{<]Ć2]C`ה|xLbq!8:ah"[vDd hl0   # A  2ZTA|ٓ " us>6+.`!.TA|ٓ " us>@(xڕSKa}S5PQhAҋbB%"=T-\ `1nI0CSi[B{7!!`",!* RJӋ&NhT/^D]fOZ! t=f[MLl16XXɯdFH{ȧ[eABvfK]m+,g}6lƦrمh~ k {>wJ+幚6e%' k/H$4֌wYG#5#:YeiM*dxڝR;KA;9#9/-N ;-1)Qh0^:XXYj/2i*!wA;b.}7ePN`tBB0XhnTSG#qHB@Πs^@E1O fk{+ @;ʤvB T+ߥx"u+cf qpůi>Jժd"׸$ْ+j/6ߎ}9o|w$C{]g߁$&}?-uO^=_;|ګUmߢJ~ݽ{[hϱE5jΝ{.`!|hcxGh_Z` Xxcdd``e 2 ĜL0##0KQ* W9SRcgbR vТ@=P5< %!@5 @_L  Wab` b Y" wfjQ93,L ! ~ Ay 7. _+턘1W+9 f`<&af0~ +an##I62}nsm C_!&7q,~@penR~Ipb3*&ǹ)F= adbR ,.Ie 2C  /.sĎ$$Ifl!vh555T5#v#v#vT#v:Vl t#6555T5al$$Ifl!vh555T5#v#v#vT#v:Vl t#6,555T5al$$Ifl!vh555T5#v#v#vT#v:Vl t#6,555T5al$$Ifl!vh555T5#v#v#vT#v:Vl t#6,555T5al$$Ifl!vh555T5#v#v#vT#v:Vl t#6555T5al$$Ifl!vh555T5#v#v#vT#v:Vl t#6555T5al$$Ifl!vh555T5#v#v#vT#v:Vl t#6555T5al$$Ifl!vh555T5#v#v#vT#v:Vl t#6555T5al$$Ifl!vh555T5#v#v#vT#v:Vl t#6555T5al$$If!vh5 555 555#v #v#v #v#v:Vl  td&,,5 55 55!$$If!vh5 555 5555N#v #v#v #v#v#vN:Vl td&,,5 55 555NpP&kdJ$$Iflִ$ f  "%  N t0d&    44 lapP$$If!vh5 555 5555N#v #v#v #v#v#vN:Vl td&,5 55 555NpP&kdAN$$Iflִ$ f  "%  N t0d&    44 lapP$$If!vh5 555 5555N#v #v#v #v#v#vN:Vl td&,5 55 555NpP&kdQ$$Iflִ$ f  "%  N t0d&    44 lapP'$$If!vh5 555 5555N#v #v#v #v#v#vN:Vl td&,,,5 55 555NpP&kdT$$Iflִ$ f  "%  N t0d&    44 lapP'$$If!vh5 555 5555N#v #v#v #v#v#vN:Vl td&,,,5 55 555NpP&kdX$$Iflִ$ f  "%  N t0d&    44 lapP'$$If!vh5 555 5555N#v #v#v #v#v#vN:Vl td&,,,5 55 555NpP&kdm[$$Iflִ$ f  "%  N t0d&    44 lapP$$If!vh5 555 555#v #v#v #v#v:Vl td&,,,5 55 55pFkd^$$Ifl֞$ f  %   t0d&44 lapF{$$If!vh5_55f5f#v_#v#vf:Vl tF&65_55f{$$If!vh5_55f5f#v_#v#vf:Vl tF&65_55f{$$If!vh5_55f5f#v_#v#vf:Vl tF&65_55f{$$If!vh5_55f5f#v_#v#vf:Vl tF&65_55f{$$If!vh5_55f5f#v_#v#vf:Vl tF&65_55f{$$If!vh5@525T5T#v@#v2#vT:Vl t'65@525T$$If!vh5@525T5T#v@#v2#vT:Vl t'6,5@525T$$If!vh5@525T5T#v@#v2#vT:Vl t'6,5@525T$$If!vh5t5$ 5555w5#vt#v$ #v#v#vw#v:VlF t&5t5$ 555w5Dd  B  S A? 2qߛa0FZb.`!qߛa0FZ  pdx=KAg\rHa &biaZm"D]#$ ob`& ZXXF;7AAnݙfvbA 01VB3Hʙ Nə,9!L$ 9uG/ b'n~T -'/B<)z'(mk[IN?= +WYaCk/ BsVÈ$7 7MWM=<g}fx9ܟkBGM_0hzzUD?xuܿVdTe[`AolL]/=˞<)Eu2֋ԗ,yd|M6"Q*_ʌ`Dd lTB  S A? 2_-y9+q;Ie.`!3-y9+q XJxcdd`` @bD"L1JE `x0 Yjl R A@2 ^p 7$# !L av@Hfnj_jBP~nbC;%@y mC 5p0r3BLt  W&00\w~a$% n => \а'KP 0y{@1pI)$5 +XN$$If!vh5t5$ 5555w5#vt#v$ #v#v#vw#v:Vl t&,,5t5$ 555w5?Dd lB  S A? 2>͔ݬ8`M9/_h.`!}>͔ݬ8`M9/_ %KxR=KAMj# IJ-L1k Al,I%S6 "G]efcv|u|2SdB RR4 ,}i"wQWER^O(E;0흳Y޻DKN:y1?š=~5P?4h@_i] uI7YnzgA+:Y3e!= \;;l Vl$$If!vh5t5$ 5555w5#vt#v$ #v#v#vw#v:Vl t&,,5t5$ 555w5Dd l~h  s *A? ?3"`?20DFUp5}=[. n.`!0DFUp5}=[. (vxڝR=KA?8-J0 #L p]T`뿰Ig[ I.(xޥ,-o.8?gr9!c>byBi6㟍 u HII,x$CD2_bT,<@A+$cړ&$tOl|i5]B0 %۪V+Kx_d{3~5ʈ&(5&']U7s T׳?vⰣ(}|?;:n5Gv6y>._< ~cDIJL! W/aM{U~U!.jͲ!G> 3桩h;`t\!i$$If!vh5t5$ 5555w5#vt#v$ #v#v#vw#v:Vl t&,,5t5$ 555w5Dd Dlh  s *A? ?3"`?2}OO>xq.`!}OO>. xڝK1_^REDN`C'xAr[.: N^pu@). y5A K LL4"8TXA * Lg1B-0%CFpO{0'I FDDpj$RdAȔO]n9 Ux4^DX{:sl=<+oAy[ⵐ=VHoh+j_=L;/}?E]ƹGc8?x @\xN)Q=o:o_g+erڇě,C>&(oK3ĥ_p\Eh,L!߿^zKDd hmmh  s *A? ?3"`?2lHY|X.xPYkt.`!clHY|X.xPYb@8|1xcdd``6dd``baV d,FYzP1n:&&V! KA?H1ZX ㆪaM,,He`H @aabM-VK-WMc1sC VPZ>U: h(.P56j`ei5?2:p9oP O?y12p{0ɴ?P 27)?EKwC!+Ȉ2RF7>\#t] `PadbR ,.Ieԡ 1,ơz$$If!vh5t5$ 5555w5#vt#v$ #v#v#vw#v:Vl t&,,5t5$ 555w5- Dd )40  # A"  \;WlGh &w.@=}  \;WlGhl4H g9K xml\qv8$GK0GKl`}q_!ˆJT5\jUAPD*  EEITJVBV%?E]g۹{ݾ䎀Eݙ`œqGoP0=7V}LnUMB p=B7NUy_CAw̯а-}wZk67kqsyeVq|kfPƿ-? M=J+ {EZ!W%}MK>6$v:8ރj77_8S?;9{N-j܋;SGԑ'wVj).]KWNʽ΍[*~e,5k|Xfle^/'>Fxa$b'}UvۣG[ɜfY,bd)ac1i衹}Xe.u`I_џ|4 -# 9u)g1NQq:_T(>9ʯΏ\ {9Six|ԁmϕm~uiDm/YWO6J@SϪRDJEz"8Q| Wd?NssGcDl.})K#iuHY>d:78!էc1EuF8lYJs2:ǁmތ4߫/#puM&GՎUqIz"8Q|:U(:?:q_ԁm,}#Ґiܯ뺀LKjIkNa_3}!dՌNwϚ_k0Pw~b~=B.g3ՑfetEh1XGie|2NC}ý2}s_~F}Fq1<3VG?g4 ĝ;z18esBcǽlUmL.1̷L|Vթ\7795Y?WP]|J_zy=WyuA;+mIȫ逶;ȫn23fn9&a'wijf].iFS/amfskD:]w&onf1cֶ"Z"rp}sO~=I0E6%ށ6fܰ8NxV/~gs?<1&sm|^umf7mZ#{ه}9Iؾ|xI"'78|c\cy͗{y">`36'p=_}Yαԛ3ߓc|V{{_Toc160528814;8_Toc160528813;2_Toc160528812;,_Toc160528811;&_Toc160528810; _Toc160528809;_Toc160528808;_Toc160528807;_Toc160528806;_Toc160528805;_Toc160528804  F Microsoft Office Word MSWordDocWord.Document.89q? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0? 0? 0? 0? 0? 0? 0?0?0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0?0?0?0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0?0?0?0?0?0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0?0?0?0?0?0?0? 0? 0?0? 0?0? 0?0? 0? 0? 0? 0      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZB@B o1KG=K9CJ_HaJmHsHtH^@^ o 03>;>2>: 1$<@&5CJ KH OJQJ\^JaJ BA@B A=>2=>9 H@8DB 0170F0Xi@X 1KG=0O B01;8F04 l4a .k@. 5B A?8A:0FP@F oA=>2=>9 B5:AB 2 dx:U@: o 8?5@AAK;:0 >*B*phJ@J o 3;02;5=85 1 x5CJ\aJZC@"Z oA=>2=>9 B5:AB A >BABC?><x^D^@2D o 1KG=K9 (251)dd[$\$,W@A, o!B@>3895\p@Sp o !5B:0 B01;8FK7:V0dobd e=0: =0: =0: =0:$dhCJaJmH sH tH Y`adijopD}~?\ 0 ng_+A;-Am!q"?&\'&(\(((((N*,-_-;/01222336345Q55r6P7e88Z999c:;-==?@@@.ACB,CCDcEE&FFG^GGGGH8II-JKGKK3LrL(MM5OODPPYQRRRUT$VVVhWX'YlYYYZZMZ[[;\\]_`a?aa3bpbbbcccd)dAdBdJdXdYdedmdndzdddddddeghik2nn`o;ppqqqqxrrs5u.vvwx\yyy6z{{{a}~zW6yH;D~Pm4e1p̗O/ߡ-ҥݥ&/7BCWYaflm¦ǦͦΦҦԦڦݦ IaintuŧȧΧϧݧߧ6O>j ªRVajr}~ĮɮήԮծ#()DINSTcgkqrl-3:BIPX`ijklmnoprtuwyz|~&+0Q[^behiܳݳ޳2;@EGLMTY^ejostu۴(2:EFUWY[\kmoqrD`kȷɷݷ xx¹ι &/4=BFNXYd|ͺպںߺ %*/0=UWZ_dijĻŻʻϻԻջ`bFx1ME] }#Xb*)U,f8uWBhY^=l wFi4z2W0 0 0 0 0 0 0 0 0 0 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0? 0? 0? 0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0?0?0?0?0?0?0?0?0?0?0?0?0?0?0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0?0?0?0?0?0? 0? 0? 0? 0? 0? 0?0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0? 0?0?0?0?0?0?0?0?0?0?0?0?0?0?00000000000000000000000000000000000000000000000000000000000000000 0 0 0 0 0 0 0 0 0 0  0  0  0  0  0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0  0! 0" 0#000000000000Y`adijop\ 0 ng_+A;-Am!q"?&\'&(\(((((N*,-_-;/01222336345Q55r6P7e88Z999c:;-==?.ACB,CCDcEE&FFG^GGGGH8IIK3LrL(MM5OODPPYQRRR$VVVhWX'YlYYYZZMZ[[;\\]_`a?aa3bpbbbcccd)dAdBdJdXdYdedmdndzdddddddeghik2nn`o;ppqqqqxrrs5u.vvwx\yyy6z{{{a}~zW6yH;D~Pm4e1p̗O/ߡҥݥ&/7BCWYaflm¦ǦͦΦҦԦڦݦ IaintuŧȧΧϧݧߧ6O>j ªRVajr}~ĮԮծ()DSTcqrl-3:BIPX`ijklmnoprtuwyz|~&+0Q[^bhiܳݳ޳2;@EGLMTY^ejost۴(2:EFUWY[\kmoqrD`kȷɷݷ xx¹ι &/4=BFNXYd|ͺպںߺ %*/0=UWZ_dijĻŻʻϻԻջ`bFx1ME] }#Xb*)U,f8uWBhY^=l wFi4z2Wh00h00h00h00h00h00h00h00h00h00 h00@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0x@0xI00I02I02I082I02 @0@0@0@0@0@0@0I02I00I00I00I00I00I00I00I00I00I00I00I00I00I00I00I00I00I00 I00 I00I00 I00 I00I00 I00 I00I00 I00 I00I02 I00 I00@0x@0x@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@ 0?@ 0?@ 0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0? @0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0? @0?@0?@0?@0?@0?@0? @0?@0?@0? @0?@0?@0?@0?@0?@0? @0?@0? @0? @0?@0?@0? @0?@0?@0?@0?@0?@0? @0? @0? @0? @0?@0?@0? @0?@0?@0?@0?@0?@0? @0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?I00b@0?@0?I00b@0?@0?I00b@0? @0?I00b@0? @0?I00 b@0?@0?I0 0 b@0?@0?I04 I04 I0 0 @0? @0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0? @0? @0? @0? @0? @0? @0? @0? @0? @0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?I00b@0?@0?@0?@0?@0?@0?@0?@0?I00b@0?@0?@0?@0?@0?@0?@0?@0?@0?I00b@0?@0?@0?@0?@0?@0?@0?@0?I05 I00 @0? @0? @0? @0? @0?@0?@0? @0? @0? @0?@0?@0?@0? @0? @0? @0? @0? @0? @0? @0? @0?@0? @0? @0? @0? @0?@0? @0? @0? @0? @0? @0? @0? @0? @0? @0? @0? @0?@0?@0?@0?@0?@0? @0? @0? @0? @0? @0? I00b@0? @0? I0I5H I0I5G I00 @0? @0?@0?@0?@0?@0?@0?@0?@0? @0? @0?@0? I0\5]I0\5\ @0?@0? @0? @0?@0? @0? @0? @0? I00I00b@0? I00b@0? @0? @0? @0? I00I00b@0? I00b@0? @0? @0? @0? I00I00b@0? I00b@0? @0? @0? @0? I0 0 I0o5 I0o5 I00 @0? @0? @0? @0? I05)I0v5 I0v5 I00 @0 @0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@0?@04@0!@0!@0>4@0>4@0>4@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0!@0@0@0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0 @ 0 @ 0 @ 0 @ 0 @ 0@ 0`@ 0x@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0x@ 0 x@ 0!@ 0"h@ 0#@0kh0\2]Nh0\2h0\2000xD  p h&~TvT\pNp" .:v 3<^03:BLQSY`chlosl5YZXHn*bjP,tƳr,ֵxֶR>*~r6XLh^+,B\<^12456789;<=>?@ACDEFGHIJKMNOPRTUVWXZ[\]^_abdefgijkmnpqrtu<^#?ABDd\xz{}"l'd\x{|~k9<=?_kKKK8LLLNLZMnMpMO.O0OhO|O~OnPPPLR`RbRRRR```abb3bDbFbpbbbbbbbbb~ʂق%8p܃!YjmI]_dxz|ɺ˺=QS» X%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕ̕::::::::::::::XXXXXX::::::::::X _Toc160528804OCRUncertain005OCRUncertain006 _Toc160528807 _Toc160528808 _Toc160528815 _Toc160528816 _Toc157709658 _Toc160528681 _Toc157709659 _Toc160528682 _Toc157709660 _Toc160528683 _Toc157709661 _Toc160528684 _Toc157709662 _Toc160528685 _Toc157709663 _Toc160528686 _Toc157709664 _Toc160528817$?zz %? uuyyUU|w J2|w2|w4,,|w8|wԄj |wtb 3I39O9C*urn:schemas-microsoft-com:office:smarttagsmetricconverter T1998 32000 32004 32005 3 ProductID;Bk{##4 577EEQERZUZZZ|^^^^^^ss_iORTWY[ X_`h$$$3DEKT`y}FMioz#2:W_9@BJLO{ !!%%_-:/32:222F5O5=?SBTB?C@CCDEEEEAFCFGGoGGGGBHGHHHUIWIIIN!NNN7Y9YwYxYYY[[]_VaWascucffggtnnЌ%)Ҡkmޣ ~ܨިOQ')rs0PQZi۳/0GH]^$*s@Bu{KL~=?}BD xzYpddmIaV-&iu dͺ=UjŻջ=v24a~Ԟ*h ^`hH.h ^`hH.h pLp^p`LhH.h @ @ ^@ `hH.h ^`hH.h L^`LhH.h ^`hH.h ^`hH.h PLP^P`LhH.4a~ @OJQJ^Jo(-k$DeW3#o)}e{Y`adijopn((3?aacd)dAdBdJdXdYdedmdndzdddddde-ҥ&/7BCWYaflm¦ǦͦΦҦԦڦݦ IaintuŧȧΧϧݧߧVajr}~ĮɮήԮծ#()DINSTcgkqr-3:BIPXijklmnoprtuwyz|~&+0[^behiܳݳ޳;@EGLMTY^ejost(2:EFUWY[\kmoqr`ȷɷݷ ¹ù /=FNXYd|ͺպںߺ %*/0=UWZ_dijĻŻʻϻԻջ0uWER U@5@IJLMabc}pp ppppppppppp@ppbUnknownGz Times New Roman5Symbol3& z Arial?5 z Courier New;SimSun[SO"qhe˶&%%Yn24'' 2qHX)?p#2Anna ChernenkoAnna Chernenko