ࡱ>  |`Dbjbjssw?( ~~~~&C&C&C8^CDD<JM"MMM:5!       $hb3 /l//3 ~~MMo '''/n~ MM '/ ''x5MJ =&C~i 0:pp45p540I"'k3 3 ^////$&C&C~~~~~~ !>45@60=85  TOC \o "1-3" \h \z  HYPERLINK \l "_Toc85226327" 2545=85  PAGEREF _Toc85226327 \h 3  HYPERLINK \l "_Toc85226328" ;020 1.>B820F8O :0: A>AB02=0O G0ABL C?@02;5=8O ?5@A>=0;><  PAGEREF _Toc85226328 \h 6  HYPERLINK \l "_Toc85226329" 1.1. >=OB85 8 7=0G5=85 <>B820F88 ?5@A>=0;0  PAGEREF _Toc85226329 \h 6  HYPERLINK \l "_Toc85226330" 1.2. -:>=><8G5A:85 A@54AB20 <>B820F88 ?5@A>=0;0  PAGEREF _Toc85226330 \h 27  HYPERLINK \l "_Toc85226331" 1.3. 5B@048F8>==K5 ?>4E>4K : <>B820F88 ?5@A>=0;0  PAGEREF _Toc85226331 \h 35  HYPERLINK \l "_Toc85226332" ;020 2.=0;87 A8AB5<K <>B820F88 ?5@A>=0;0 2 :><?0=88  >AB>:  !5@28A  PAGEREF _Toc85226332 \h 40  HYPERLINK \l "_Toc85226333" 2.1. @0B:0O E0@0:B5@8AB8:0 :><?0=88  >AB>:  !5@28A  PAGEREF _Toc85226333 \h 40  HYPERLINK \l "_Toc85226334" 2.2. @30=870F8O @01>BK A ?5@A>=0;>< 2 :><?0=88  PAGEREF _Toc85226334 \h 41  HYPERLINK \l "_Toc85226335" 2.3. !B@C:BC@0 A@54AB2 <>B820F88 ?5@A>=0;0, 8A?>;L7C5<0O 2 :><?0=88  PAGEREF _Toc85226335 \h 49  HYPERLINK \l "_Toc85226336" 2.4. !8AB5<0 <>B820F88 ?5@A>=0;0 2 :><?0=88  >AB>:- !5@28A  PAGEREF _Toc85226336 \h 67  HYPERLINK \l "_Toc85226337" ;020 3.@54;>65=8O ?> A>25@H5=AB2>20=8N A@54AB2 <>B820F88 2 :><?0=88  >AB>:  !5@28A  PAGEREF _Toc85226337 \h 71  HYPERLINK \l "_Toc85226338" 3.1. ?@545;5=85 =081>;55 MDD5:B82=KE A@54AB2 <>B820F88  PAGEREF _Toc85226338 \h 71  HYPERLINK \l "_Toc85226339" 3.2. !>25@H5=AB2>20=85 A8AB5<K <>B820F88 ?5@A>=0;0  PAGEREF _Toc85226339 \h 78  HYPERLINK \l "_Toc85226340" 3.3. F5=:0 MDD5:B82=>AB8 ?@8 2=54@5=88 A@54AB2 <>B820F88  PAGEREF _Toc85226340 \h 92  HYPERLINK \l "_Toc85226341" 0:;NG5=85  PAGEREF _Toc85226341 \h 96  HYPERLINK \l "_Toc85226342" !?8A>: 8A?>;L7>20==>9 ;8B5@0BC@K  PAGEREF _Toc85226342 \h 101  HYPERLINK \l "_Toc85226343" @8;>65=8O  PAGEREF _Toc85226343 \h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eckel S5curite ($@0=F8O), Ansell Protective Products (!(), Stockhausen (5@<0=8O), Trelleborg ((25F8O), Sofinal (5;L38O), UVEX (5@<0=8O), Klopman International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eckel Securite ?> ?@>872>4AB2C @01>G59 >1C28. 0 A53>4=OH=89 45=L 2 >AA88 =5B 0=0;>3>2 ?>4>1=><C ?@54?@8OB8N. B0:, ><?0=8O >AB>:-!5@28A ?@54AB02;O5B A>1>9 :@C?=CN >@30=870F8N ?> ?@>872>4AB2C 8 ?@>4068 A?5F>4564K. ! >?KB>< @01>BK 1>;55 10 ;5B 8 O2;O5BAO ;845@>< =0 MB>< A53<5=B5 @K=:0. 0AA<>B@8< ?>4@>1=55 >@30=870F8>==CN AB@C:BC@C :><?0=88 >AB>:-!5@28A. [@8;>65=85 !1. A.101]. @30=870F8>==0O AB@C:BC@0 :><?0=88 ?@54AB02;O5B A>1>9 <0B@8G=>-DC=:F8>=0;L=CN.  2002 3>4C AA>F80F8O >B<5B8;0 A2>9 10-;5B=89 N18;59 =>2K<8 7040G0<8 8 F5;O<8: B0:, : 2005 3>4C  >AB>:-!5@28A ?;0=8@C5B: 70:>=G8BL 2=54@5=85 =0 2A5E A2>8E ?@54?@8OB8OE A8AB5<K :0G5AB20 ?> <564C=0@>4=><C AB0=40@BC ISO 9001 >B:@KBL D8;80;K 2> 2A5E 89 AC1J5:B0E >AA89A:>9 $545@0F88 ?5@59B8 : 0:B82=><C >A2>5=8N 52@>?59A:>3> @K=:0 !2>59 >A=>2=>9 8 ?5@2>AB5?5==>9 7040G59 :><?0=8O AG8B05B @0728B85 @>AA89A:>3> >1I5AB20 ?>A@54AB2>< ?@54>AB02;5=8O >@30=870F8O< 8 ;N4O< 4>ABC?=KE 2KA>:>:0G5AB25==KE A@54AB2 8 B5E=>;>389, 45;0NI8E B@C4>2CN 45OB5;L=>ABL 157>?0A=>9, :><D>@B=>9, ?@5AB86=>9 8 MDD5:B82=>9. [48]. @30=870F8O @01>BK A ?5@A>=0;>< 2 :><?0=88  MB>< ?>4?C=:B5 1C45B ?>4@>1=> @0AA<>B@5=0 >@30=870F8O @01>BK A ?5@A>=0;>< 2 :><?0=88  >AB>: - !5@28A. @57845=B>< :><?0=88 >;>2=52 .. 1K;> CB25@645=> ?>;>65=85 > :04@>2>9 A;C615 ?> @01>B5 A ?5@A>=0;>< >B 01.08.2004, :>B>@>5 A>45@68B 2 A515 =5>1E>48<K5 <5B>48G5A:85 A2545=8O 2 ?><>IL A>B@C4=8:0< A;C61K. => A>45@68B 2 A515: 1. 1I85 ?>;>65=8O 1. 04@>20O A;C610 ?> @01>B5 A ?5@A>=0;>< O2;O5BAO A0<>AB>OB5;L=K< AB@C:BC@=K< ?>4@0745;5=85< :><?0=88. 2. !;C610 A>740QBAO 8 ;8:2848@C5BAO ?@8:07>< @57845=B0 ><?0=88. 3. !;C610 ?>4G8=O5BAO =5?>A@54AB25==> @57845=BC :><?0=88. 4. !;C610 2>73;02;O5B =0G0;L=8:>< A;C61K :04@>2, =07=0G05<K9 =0 4>;6=>ABL ?@8:07>< @57845=B0 :><?0=88. 5.  A2>59 45OB5;L=>AB8 !;C610 @C:>2>4AB2C5BAO: " =0AB>OI8< >;>65=85<; " =>@<0B82=K<8, <5B>48G5A:8<8 8 8=AB@C:B82=K<8 0:B0<8, >?@545;Q==K<8 459AB2CNI8< 70:>=>40B5;LAB2>< 8 :><?0=859. !B@C:BC@C 8 HB0B=CN G8A;5==>ABL A;C61K CB25@6405B @57845=B :><?0=88 ?> ?@54AB02;5=8N 0G0;L=8:C A;C61K :04@>2 ?> @01>B5 A ?5@A>=0;><. 04@>20O A;C610 8<55B 2 A2>5< A>AB025 A;54CNI85 AB@C:BC@=K5 548=8FK:  8AC=>: ! 2.1. @30=870F8>==0O AB@C:BC@0 04@>2>9 A;C61K :><?0=88 >AB>:  !5@28A ! 4>;6=>AB=K<8 8=AB@C:F8O<8, :>B>@K5 @53;0<5=B8@CNB DC=:F8>=0;L=K5 >1O70==>AB8 459AB2CNI8E A>B@C4=8:>2 A;C61K, <>6=> >7=0:><8BAO 2 [@8;>65=88 !2; 104]. A=>2=K5 7040G8, :>B>@K5 :><?0=8O AB028B ?5@54 :04@>2>9 A;C61>9 ?> @01>B5 A ?5@A>=0;><, A;54CNI85: 1.15A?5G5=85 :><?0=88 :20;8D8F8@>20==K<8 8 >?KB=K<8 @01>B=8:0<8; 2.!>740=85 =5>1E>48<KE CA;>289 4;O MDD5:B82=>3> 8A?>;L7>20=8O :><?0=859 7=0=89, =02K:>2 8 >?KB0 5Q @01>B=8:>2; 3. 07@01>B:0, 2=54@5=85 8 A>25@H5=AB2>20=85 A8AB5<K >?;0BK B@C40 8 <>B820F88 @01>B=8:>2 :><?0=88; 4. 07@01>B:0 8 >ACI5AB2;5=85 <5@>?@8OB89, =0?@02;5==KE =0 ?>2KH5=85 C4>2;5B2>@Q==>AB8 B@C4>< 2A5E :0B53>@89 ?5@A>=0;0 :><?0=88; 5. 07@01>B:0. =54@5=85 8 >15A?5G5=85 <5@>?@8OB89, A?>A>1AB2CNI8E @0728B8N ?5@A>=0;0 (B@5=8=38, >1CG0NI85 ?@>3@0<<K); 6.$>@<8@>20=85 8 A>E@0=5=85 1;03>?@8OB=>3> <>@0;L=>-?A8E>;>38G5A:>3> :;8<0B0 2 :>;;5:B825, D>@<8@>20=85 C A>B@C4=8:>2 548=>3> :>@?>@0B82=>3> ?>2545=8O, GC2AB20 A>?@8G0AB=>AB8 : 45;0< :><?0=88; 7. ACI5AB2;5=85 >F5=:8 ?5@A>=0;0 =0 @53C;O@=>9 >A=>25, C?@02;5=85 2=CB@5==8<8 ?5@5<5I5=8O<8 ?5@A>=0;0 8 :0@L5@>9 A>B@C4=8:>2. 8. 07@01>B:0 8 M:A?5@B870 ?@54;>65=89 ?> A>25@H5=AB2>20=8N >@30=870F8>==>9 AB@C:BC@K :><?0=88, 5Q HB0B=>3> @0A?8A0=8O, 4>;6=>AB=KE >1O70==>AB59 @01>B=8:>2, @53C;O@=0O 4803=>AB8:0 :04@>2>9 A8BC0F88 2 ?>4@0745;5=8OE, >B45;0E 8 2A?><>30B5;L=KE A;C610E :><?0=88. 01>B0 :04@>2>9 A;C61K ?> C?@02;5=8N ?5@A>=0;>< 1078@C5BAO =0 A;54CNI8E ?@8=F8?0E: " -DD5:B82=>ABL ?>41>@0 8 @0AAB0=>2:8 :04@>2 >?@545;O5BAO ?> @57C;LB0B0< 5653>4=KE 0BB5AB0F89 ?5@A>=0;0; " !8AB5<0 >?;0BK B@C40 8 <>B820F88 A>B@C4=8:>2 =0E>48BAO 2 AB@>3>< A>>B25BAB288 A 8<5NI8<8AO 4>;6=>AB=K<8 >1O70==>ABO<8 @01>B=8:>2, :>=:C@5=B>A?>A>1=0 ?> >B=>H5=8N : 4@C38< D8@<0<; " 07<5@ 2>7=03@0645=8O @01>B=8:>2 >?@545;O5BAO @57C;LB0B0<8 8E 8=48284C0;L=>3> B@C40, 8AE>4O 87 MDD5:B82=>AB8 ?>4@0745;5=89, >B45;>2, A;C61 :><?0=88 2 F5;><; " 0=OB>ABL 2 :><?0=88 A2O70=0 A ?>B@51=>ABO<8 5Q 187=5A0, >?@545;O5BAO 8AE>4O 87 A?>A>1=>AB59, >?KB0 8 :20;8D8:0F88 :064>3> @01>B=8:0 2 >B45;L=>AB8; " =48284C0;L=K5 ?@>1;5<K @01>B=8:>2 8 :>=D;8:B=K5 A8BC0F88 2 :>;;5:B825 @5H0NBAO 1KAB@>, A?@0254;82> 8 MDD5:B82=>. A=>2=K5 DC=:F88, 2708<>>B=>H5=8O (A;C651=K5 A2O78), ?@8>@8B5B=>ABL 3>;>A>2 =0G0;L=8:0 :04@>2>9 A;C61K 8 >AB0;L=KE @C:>2>48B5;59, ?@020 8 >B25BAB25==>ABL, B0:65 @53;0<5=B8@CNBAO ?>;>65=85< > :04@>2>9 A;C615. [@8;>65=85 !3; 107]. #A?5H=>5 DC=:F8>=8@>20=85 ;N1>9 >@30=870F88 2 7=0G8B5;L=>9 AB5?5=8 7028A8B >B 5Q A?>A>1=>AB8 ?>4>1@0BL =5>1E>48<KE @01>B=8:>2. ><?0=8O >AB>: - !5@28A 708=B5@5A>20=0 2 ?@8E>45 >?KB=KE, 7=0NI8E, 8=8F80B82=KE A>B@C4=8:>2, >@85=B8@>20==KE =0 @01>BC 2 :><0=45, =0 A0<>@50;870F8N, =0 ?@>D5AA8>=0;L=K9 8 A;C651=K9 @>AB.  1>;LH8=AB25 A;CG052 ?>41>@ ?5@A>=0;0 ?@>2>48BAO ?> A@54AB2>< 2=5H=53> =01>@0. 04@>20O A;C610 @07@010BK205B >?@545;Q==K5 B@51>20=8O : 8<5NI8<AO 4>;6=>ABO< 8 ?@83;0H05B A>8A:0B5;59 ?@8=OBL CG0AB85 2 :>=:C@A=>< >B1>@5. ;O MB>3> ?@54;0305BAO ?@8A;0BL ?>4@>1=>5 @57N<5 =0 M;5:B@>==K9 04@5A :><?0=88. "0:65 8A?>;L7C5BAO: @07<5I5=85 8<5NI8EAO 20:0=A89 2 ?5@8>48G5A:>9 ?5G0B8, !, 0 B0:65 ?C1;8:0F88 =0 A2>Q< A09B5 2 =B5@=5B5. @58<CI5AB2>< 2=5H=53> =01>@0 O2;O5BAO: 0) 2K1>@ 87 1>;LH>3> G8A;0 :0=4840B>2; 1) ?>O2;5=85 =>2KE 8459 8 ?@8Q<>2 @01>BK; 2) <5=LH0O C3@>70 2>7=8:=>25=8O 8=B@83 2=CB@8 ?@54?@8OB8O. 54>AB0B:8 - 4>;389 ?5@8>4 ?@82K:0=8O, 2>7<>6=>5 CEC4H5=85 <>@0;L=>3> :;8<0B0 A@548 402=> @01>B0NI8E. 0 A09B5 :><?0=88 8<5NBAO 20:0=A88, =0 :>B>@K5 :>=:C@A=K9 >B1>@ ?@>4>;605BAO 1>;55 4;8B5;L=>5 2@5<O. !>8A:0B5;O< ?@54;030NBAO 4>;6=>AB8 ?><>I=8:0 ?@57845=B0, 70<5AB8B5;O =0G0;L=8:0 @538>=0;L=>3> >B45;0, 70254CNI53> A:;04><, B>20@>2540. 5A<>B@O =0 ?@54?>GB5=85 2=5H=8< 8AB>G=8:0< ?>41>@0, A;C610 ?5@A>=0;0 8A?>;L7C5B 8 2=CB@5==89 8AB>G=8:. -B>B 2K1>@ >1KG=> 7028A8B >B >A>15==>AB59 A8BC0F88. C:>2>48B5;8 AB@C:BC@=KE ?>4@0745;5=89 =0 15A545 A <5=5465@>< ?> ?>41>@C :04@>2, 2K42830NB A2>8E :0=4840B>2, ?> 8E <=5=8N =081>;55 4>AB>9=KE ?@>E>645=8O A;C61K 2 8E ?>4@0745;5=8OE. 1JOA=OO MB> =87:8<8 70B@0B0<8 =0 ?>8A: :04@>2, E>@>H5< 7=0=85< ?@5B5=45=B0<8 >@30=870F88, >15A?5G820NI59 8< ;53:CN 8=B53@0F8N 2 :>;;5:B82, 1571>;57=5==K< @5H5=85< ?@>1;5<K 70=OB>AB8 8 B5:CG5AB8 :04@>2. @>F5AA >B1>@0 :0=4840B>2 8 87CG5=85 8E A>>B25BAB28O DC=:F8>=0;L=K< >1O70==>ABO< 2 :><?0=88, ?@>8AE>48B A;54CNI8< >1@07><: 1@01>B:0 @57N<5 ?@5B5=45=B>2 8 2K1>@ ?>4E>4OI8E :0=4840BC@; 5@28G=>5 7=0:><AB2> <5B>4>< 8=B5@2LN8@>20=8O; F5=:0 :0G5AB2 8 A>AB02;5=85 ?A8E>;>38G5A:8E ?>@B@5B>2; B>@8G=>5 A>15A54>20=85 =0 >A=>25, :>B>@>3> ?@>8AE>48B CB25@645=85 :0=4840B>2 2 4>;6=>AB8. 0 4>;6=>AB8 >1A;C6820NI53> ?5@A>=0;0, 2 <03078=K, 8=B5@2LN8@>20=85 ?@>2>48B <5=5465@ ?> :04@>2K< 2>?@>A0<, 2 MB>< A;CG05 ?@>F5AA >B1>@0 7025@H05BAO =0 2B>@>< MB0?5. 0 20:0=A88 @01>B=8:>2 2 >D8A, 2 7028A8<>AB8 >B 4>;6=>AB8, A>15A54>20=85 ?@>2>48BAO: 0) =0G0;L=8:>< :04@>2>9 A;C61K A>2<5AB=> A @C:>2>48B5;5< ?>4@0745;5=8O, 1) =0G0;L=8:>< :04@>2>9 A;C61K 8 ?><>I=8:>< ?@57845=B0, 2) =0G0;L=8:>< :04@>2>9 A;C61K =0 ?5@2>< MB0?5, 8 ?><>I=8:>< ?@57845=B0 =0 ?>A;54CNI5<. 2545=85 2 4>;6=>ABL ?@>2>48BAO @C:>2>48B5;5< AB@C:BC@=>3> ?>4@0745;5=8O. 0=4840B0 7=0:><OB A >@30=870F859 8 5Q B@048F8O<8, A>B@C4=8:0<8 8 A DC=:F8O<8, 2K?>;=O5<>9 @01>BK.  :><?0=88 CAB0=>2;5= 8A?KB0B5;L=K9 A@>: 3 <5AOF0, :>B>@K9 ?@8<5=8< :> 2A5< A>B@C4=8:0<, :@><5 ?@>402F>2-:>=AC;LB0=B>2 4;O :>B>@KE ?@54CA<>B@5= >1CG0NI89 B@5=8=3 8 ?>A;54CNI0O 2-E =545;L=0O AB068@>2:0. 0 A>2@5<5==>< MB0?5 <=>385 >@30=870F88 C45;ONB >A>1>5 2=8<0=85 @0728B8N A2>8E A>B@C4=8:>2. >B@51=>ABL 2 ?>2KH5=88 :20;8D8:0F88 >1CA;>2;5=0: 87<5=5=8O<8 2> 2=5H=59 8 2=CB@5==59 A@545; CA;>6=5=85< ?@>F5AA0 C?@02;5=8O; >A2>5=85< =>2KE 284>2 8 AD5@ 45OB5;L=>AB8.  :><?0=88 >AB>: - !5@28A >B ?5@A>=0;0 B@51C5BAO @01>B0 A =>2K< <>48D8F8@>20==K< ?@>3@0<<=K< >15A?5G5=85<, C<5=85 :@50B82=> <KA;8BL 8 8A?>;L7>20BL ?>;CG5==CN 8=D>@<0F8N 2 @CA;5 8==>20F8>==KE 8459. ;O B>3> GB>1K >B?@028BL 8<5NI89AO ?5@A>=0; =0 ?5@5?>43>B>2:C, @C:>2>48B5;8 AB@C:BC@=KE ?>4@0745;5=89 ?@54AB02;ONB ?>4@>1=K9 >BGQB, 2 :>B>@K9 2:;NG05BAO: $... =0?@02;O5<>3>, >A=>20=8O =0 =0?@02;5=85 8 AB>8<>ABL :C@A0 8;8 ?@>3@0<<K. 0?@8<5@: :04@>20O A;C610, 2 ;8F5 =0G0;L=8:0 :04@>2>9 A;C61K 8 <5=5465@0 ?> :04@>2K< 2>?@>A0<, 11.08.2004 1K; =0?@02;5= =0 >1CG0NI5-@07JOA=8B5;L=CN ?@>3@0<<C ?> 2=54@5=8N 2 >@30=870F8N =>2>3> ?@>3@0<<=>3> >15A?5G5=8O CGQB0 8 8=B53@0F88 :04@>2. -DD5:B82=0O >F5=:0 ?5@A>=0;0 83@05B >3@><=CN @>;L 2 C?@02;5=88. BACBAB285 =04Q6=KE A8AB5< >F5=:8 <>65B ?@825AB8 : B><C, GB> >@30=870F8O ?>B5@O5B A?>A>1=>3> @01>B=8:0 8 ?@8>1@5B5B =5A?>A>1=>3>.  :><?0=88 >AB>: - !5@28A A8AB5<0 >F5=:8 8 0BB5AB0F88 >D8A=KE A>B@C4=8:>2 =0E>48BAO 2 ?@>F5AA5 @07@01>B:8 =>2>9 1>;55 ?>4E>4OI59 <>48D8:0F88. 5>1E>48<K< O2;O5BAO ?@>2>48BL 0BB5AB0F8N 4;O <5=5465@>2-:>=AC;LB0=B>2 8 :0AA8@>2, B0: :0: >B 8E MDD5:B82=>9 @01>BK 7028A8B ?@81K;L ?@54?@8OB8O.  MB8E F5;OE A>B@C4=8:0<8 >B45;0 C?@02;5=8O ?5@A>=0;>< 1K; @07@01>B0= 8AB >=B@>;L=>9 @>25@:8. = ?>40QBAO 565<5AOG=> 2 :064K9 <03078= 8 8A?>;=5= 2 2845 >?@>A=8:0.  >4=>9 3@0D5 <5=5465@0< ?@54;>65=K 2>?@>AK, 2 4@C3>9 8< =C6=> A0<>AB>OB5;L=> =0 MB8 2>?@>AK >B25B8BL. 0?@8<5@. "01;8F0 !2.1. ?@>A=8: >?@>AK B25BK 1. @82;5G5=85 2=8<0=8O ?>:C?0B5;O.  2 . A;>20 ?@825BAB28O  3. <5AB> ?@>402F>2-:>=AC;LB0=B>2 2 B>@3>2>< 70;5  4. ?>7K ?@>402F>2-:>=AC;LB0=B>2  5. 2K@065=85 ;8F  6.2=5H=89 284 ?@>402F>2- :>=AC;LB0=B>2:  0: 284=> 87 ?@8<5@0 2>?@>AK @0745;5=K =0 1;>:8, 2 >?@>A=8:5 B0:8E 1;>:>2 6. "0:65 :><?0=8O 8A?>;L7C5B <5B>4 A:@KB>3> =01;N45=8O. ;O MB>3> 2KO2;O5BAO A>B@C4=8: 87 >D8A0, :>B>@><C 405BAO 7040=85 ?>A5B8BL =5A:>;L:> <03078=>2 ?>4 284>< :;85=B0. >A;5 ?>A5I5=8O :064>3> <03078=0 >B =53> B@51CNB 70?>;=8BL A?5F80;L=K9 1;0=:, 345 =5>1E>48<> ?>4@>1=> >?8A0BL 459AB28O ?5@A>=0;0 <03078=0. > 8B>30< >F5=:8 ?@>2>4OB 15A54C, :>B>@0O <>65B ?@>E>48BL 42C<O A?>A>10<8: 1. 01>B=8:C A>>1I0NBAO @57C;LB0BK >F5=:8 8 40NBAO :>=:@5B=K5 @5:><5=40F88, :0: C;CGH8BL @01>BC. -B>B A?>A>1 F5;5A>>1@075=, :>340 @01>B=8: 65;05B 8A?@028BL A2>8 >H81:8, => 2 MB>< 5<C =5>1E>48<0 ?><>IL <5=5465@0-=0AB02=8:0. 2. 01>B=8:C A>>1I0NBAO @57C;LB0BK >F5=:8, 8 405BAO 2>7<>6=>ABL 2KA:070BL A>1AB25==>5 <=5=85. -B8< A?>A>1>< A=8605BAO ?@>F5=B 53> A>?@>B82;5=8O : A;CG82H5<CAO D0:BC, 0 B0:65 C25;8G8205B 25@>OB=>ABL =081>;55 OA=> >1JOA=8BL A8BC0F8N, 2 :>B>@>9 >= ?>25; A51O =525@=>. [48; 18-25]. 0 A>2@5<5==>< MB0?5 :04@>20O A;C610 @07@010BK205B AB@0B538N, >A=>2=>9 F5;LN :>B>@>9 O2;O5BAO A>740=85 548=>9 A8AB5<K <>B820F88 4;O :><?0=88  >AB>: - !5@28A, A?>A>1AB2CNICN 4>AB865=8N ?>AB02;5==KE F5;59 G5@57 <>B820F8N A>B@C4=8:>2 2 :0G5AB25 8=B53@8@>20==>9 G0AB8 F5;>AB=>9 A8AB5<K C?@02;5=8O ?5@A>=0;><, 0 B0:65 A F5;LN >?B8<878@>20BL @0AE>4K =0 ?5@A>=0;. !B@C:BC@0 A@54AB2 <>B820F88 ?5@A>=0;0, 8A?>;L7C5<0O 2 :><?0=88  :><?0=88 >AB>: - !5@28A =0 40==K9 ?5@8>4 =5B F5;>AB=>9 <>B820F8>==>9 A8AB5<K, => @C:>2>48B5;8 ?>=8<0NB =5>1E>48<>ABL ?>>I@5=8O A2>8E A>B@C4=8:>2. "5?5@L ?5@5945< =5?>A@54AB25==> : AB@C:BC@5 A@54AB2 <>B820F88 :><?0=88 >AB>: - !5@28A. ><?0=8O 8A?>;L7C5B A;54CNICN AB@C:BC@C A@54AB2 <>B820F88 ?5@A>=0;0, :>B>@0O 8<55B 425 A>AB02;ONI85 <0B5@80;L=CN 8 =5<0B5@80;L=CN AB@C:BC@C:  <0B5@80;L=K< >B=>AOBAO: A?>;L7>20=85 <>B820F8>==>9 (:><?5=A0F8>==>9) A8AB5<K, :>B>@0O ?@54?>;0305B =5>1E>48<>ABL :><?5=A8@>20BL >?@545;5==K5 2;>65=8O A> AB>@>=K A>B@C4=8:0 2 45OB5;L=>ABL 8 @0728B85 :><?0=88 (?@5<8@>20=85 8 <0B5@80;L=K5 :><?5=A0F88 70 @01>BC A25@E =>@<8@>20==>3> @01>G53> 2@5<5=8; 2>7<>6=>ABL ?@8>1@5B0BL ?@>4C:F8N :><?0=88 A> 7=0G8B5;L=K<8 A:84:0<8, (>B 55%)); A?>;L7>20=85 ?@8=F8?>2 @0=68@>20=8O ?5@A>=0;0; @8<5=5=85 B0@8D=>-@07@O4=>9 A8AB5<K ?@8 @0AG5B5 A ?5@A>=0;>< ?> >?;0B5 B@C40.  =5<0B5@80;L=>9 A8AB5<5 AB8<C;8@>20=8O ?5@A>=0;0 >B=>AOBAO: A>F80;L=0O ?>;8B8:0, ?@>2>48<0O :><?0=859; :>@?>@0B82=0O :C;LBC@0 :><?0=88; A@54AB20 :><<C=8:0F88; A>@52=>20=85 (=0?@8<5@, ?@>2545=85 :>=:C@A0 A@548 <5=5465@>2 ?> ?@>4060<). @82545< AB@C:BC@C <>B820F8>==KE <0B5@80;L=KE 8 =5<0B5@80;L=KE A@54AB2 2 2845 4803@0<<K !2.1 8 4803@0<<K !2.2. 803@0<<0 !2.1. !B@C:BC@0 A@54AB2 <0B5@80;L=>9 <>B820F88 ?5@A>=0;0, 8A?>;L7C5<0O 2 :><?0=88 >AB>: - !5@28A  EMBED Excel.Chart.8 \s  7 AB@C:BC@K 4803@0<<K 284=>, GB> =081>;LHCN G0ABL 70=8<05B <>B820F8>==0O (:><?5=A0F8>==0O A8AB5<0) :0: A@54AB2> <0B5@80;L=>9 <>B820F88, =0 2B>@>< <5AB5 ?@8=F8?K @0=68@>20=8O ?5@A>=0;0, 8, =0:>=5F, B0@8D=>-@07@O4=0O A8AB5<0. 803@0<<0 !2.2. !B@C:BC@0 A@54AB2 =5<0B5@80;L=>9 <>B820F88 ?5@A>=0;0, 8A?>;L7C5<0O 2 :><?0=88 >AB>: - !5@28A  EMBED Excel.Chart.8 \s  7 AB@C:BC@K 4803@0<<K 284=>, GB> =081>;LHCN G0ABL 70=8<05B ?@8=F8? A>@52=>20=8O :0: A@54AB2> =5<0B5@80;L=>9 <>B820F88, =0 2B>@>< :>@?>@0B82=0O :C;LBC@0, 70B5< A@54AB20 :><<C=8:0F88, 8A?>;L7C5<K5 :><?0=859, 8, =0:>=5F, A>F80;L=0O ?>;8B8:0. AB0=>28<AO ?>4@>1=55 =0 :064>< 87 A@54AB2 <>B820F88 ?>4@>1=55. 0B5@80;L=K5 A@54AB20 <>B820F88: 1.A?>;L7>20=85 <>B820F8>==>9 (:><?5=A0F8>==>9) A8AB5<K. >=OB85 <>B820F8>==>9 (:><?5=A0F8>==>9) A8AB5<K ?@54?>;0305B =5>1E>48<>ABL :><?5=A8@>20BL >?@545;5==K5 2;>65=8O A> AB>@>=K A>B@C4=8:0 2 45OB5;L=>ABL 8 @0728B85 :><?0=88. -B> <>65B 1KBL ?@81K;L, ?@8=5A5==0O :><?0=88, ?>B@0G5==>5 2@5<O, A8;K, 7=0=8O, =5@2K, 53> ;>O;L=>ABL ?> >B=>H5=8N : :><?0=88, 8A?>;L7>20=85 ;8G=>9 <0H8=K 2 A;C651=KE F5;OE 8 <=>3>5 4@C3>5. ><?5=A0F8>==0O A8AB5<0 2 F5;>< A>AB>8B 87 45=56=>3> 2>7=03@0645=8O 8 A>F80;L=KE B@0=AD5@B>2, :0640O G0ABL AD>@<8@>20=0 ?>AB>O==>9 8 ?5@5<5==>9 A>AB02;ONI8<8. !8AB5<0 <>B820F88 4>;6=0 :>@@5:B8@>20BLAO 8 4>2>48BLAO 4> A2545=8O :064>3> A>B@C4=8:0 ;8=59=K<8 <5=5465@0<8. B ?>4E>40 ;8=59=>3> <5=5465@0 2> <=>3>< 7028A8B, AB0=5B ;8 ?@54;0305<0O A8AB5<0 <>B828@CNI8< 8;8 45 <>B828@CNI8< D0:B>@><. @8=F8?80;L=K9 ?>4E>4: <K <>B828@C5< ;N459 =5 B0:, :0: <K AG8B05< =C6=K<, 0 B0:, :0: ;N48 A0<8 MB>3> E>BOB. [19] ?@545;OO, :0:>9 B8? @01>B=8:>2 ?@5>1;0405B 2 :><?0=88, <>6=> 2K@01>B0BL @5:><5=40F88 ?> A>740=8N >?B8<0;L=KE CA;>289, ?@8 :>B>@KE 1C45B >15A?5G5=0 <0:A8<0;L=0O >B40G0. (;O @07;8G=KE B8?>2 @01>B=8:>2 2 @07=>9 AB5?5=8 206=K 2;0ABL, 02B>@8B5B, 45=L38, AB018;L=>ABL, >1I5AB25==>5 ?@87=0=85, =0;8G85 CB25@645==KE ?@>F54C@, A>E@0=5=85 AB0BCA-:2>.) =0;>38G=> (>B ?@>B82=>3>) <K <>65< >F5=8BL, =0A:>;L:> ACI5AB2CNI85 CA;>28O O2;ONBAO 45 <>B828@CNI8<8. 07@01>B0==0O 2 :><?0=88 A8AB5<0 <>B820F88 8=>340 2E>48B 2 ?@>B82>@5G85 A ?>2545=G5A:8<8 E0@0:B5@8AB8:0<8 @50;L=KE A>B@C4=8:>2, B>340 =04> ;81> :>@@5:B8@>20BL A8AB5<C, ;81> <5=OBL A>B@C4=8:>2. >?KB:8 =02O7K20=8O <>B82>2 A25@EC 157 CG5B0 ACI5AB2CNI59 >@30=870F8>==>9 :C;LBC@K <0;>MDD5:B82=K.  B> 65 2@5<O ?@028;L=>5 @07JOA=5=85 A8AB5<K <>B820F88 <>65B 2 7=0G8B5;L=>9 AB5?5=8 A3;048BL MB8 ?@>B82>@5G8O. =0O, : :0:><C ?>2545=G5A:><C B8?C >B=>AOBAO ?>4G8=5==K5, <5=5465@ ?> ?5@A>=0;C <>65B ?@028;L=> @0AAB028BL 0:F5=BK ?@8 @07JOA=5=88 =5 B>;L:> A8AB5<K <>B820F88, => 8 ;N1KE 4@C38E 87<5=5=89, ?@>8AE>4OI8E 2 >@30=870F88. "0:8< >1@07><, GB>1K ?>AB@>8BL MDD5:B82=CN A8AB5<C <>B820F88, 8<55B A<KA; A=0G0;0 CAB@0=8BL 45 <>B828@CNI85 D0:B>@K, ?@8ACBAB2CNI85 2 =0H59 :><?0=88. =>385 87 =8E ;560B =0 ?>25@E=>AB8 - :@8: 8 3@C1>ABL =0G0;LAB20, E0>A, >BACBAB285 ?>=8<0=8O >B25BAB25==>AB8 8 ?>;=><>G89. B0:, ?@82545< =5A:>;L:> ?@8<5@>2 (87 ?@87=0=89 A>B@C4=8:>2 =0H59 :><?0=88): > A2>8< ?>2545=G5A:8< E0@0:B5@8AB8:0< A>B@C4=8: - ?5@D5:F8>=8AB, ;>38:, ;N18B @01>BC ?> ?@028;0<. @>F54C@0 >BG5B=>AB8 2 >@30=870F88 =5 1K;0 >B;065=0, 4>:;04K @C:>2>4AB2C =>A8;8 A:>@55 AB8E89=K9 E0@0:B5@ (GB>, :AB0B8, CAB@0820;> 1>;LH8=AB2> A>B@C4=8:>2). 2545=85 565=545;L=>9 D>@<K >BG5B=>AB8, ?> ?@87=0=8N A>B@C4=8:0, AB0;> 4;O =53> <>B828@CNI8< D0:B>@><. (#AB@0=5= 45 <>B828@CNI89 D0:B>@ - E0>A). !>B@C4=8: 2>;52>9, 8=>340 C?@O<K9, >@85=B8@>20==K9 =0 4>AB865=85 :>=5G=>3> @57C;LB0B0. 5;:85, =5 2A5340 A?@0254;82K5 70<5G0=8O @C:>2>48B5;O A=860NB 53> 65;0=85 @01>B0BL. 4=0:> 8728=5=8O @C:>2>48B5;O 8 ?@87=0=85 8< A2>59 =5?@02>BK A=8<0NB =0?@O65==>ABL. !B@5<OI89AO : 4>AB865=8N F5;8 2>;52>9 @C:>2>48B5;L >:070;AO 2 A8BC0F88, :>340 >A=>2=>5 2=8<0=85 >1@0I05BAO =0 ?@>F5AA, 0 =5 =0 :>=5G=K9 @57C;LB0B. >A;5 B>3> :0: 2KH5AB>OI89 @C:>2>48B5;L =0<5B8; A>2<5AB=> A =8< F5;8 8 ?;0= @01>B, 7=0G8B5;L=> ?>2KA8;0AL <>B820F8O. A=>2=0O >H81:0 <5=5465@>2 ?> @01>B5 A :04@0<8 70:;NG05BAO 2 B><, GB> >=8 ?KB0NBAO <>B828@>20BL ?>4G8=5==KE 8AE>4O 87 A>1AB25==KE ?@54AB02;5=89 > B><, GB> B0:>5 E>@>H> 8 GB> B0:>5 ?;>E>. 0?@8<5@, <=>385 =0G0;L=8:8 AG8B0NB, GB> 40BL ?>4G8=5==><C A;>6=>5 8=B5@5A=>5 7040=85 - ;CGH89 A?>A>1 <>B820F88. :07K205BAO, GB> MB> A@010BK205B 40;5:> =5 2A5340: =5 2A5 @>645=K ;845@0<8. 'B>1K A=OBL AB@5AA (8 45 <>B820F8N) 2 B0:>9 A8BC0F88, =5:>B>@K< ?>4G8=5==K< =5>1E>48<0 ?>445@6:0, 2@5<O, <0:A8<C< 8=D>@<0F88 8 30@0=B88 157>?0A=>AB8. @C385 @C:>2>48B5;8 ;N1OB 4020BL ?>4G8=5==K< 45B0;L=K5 8=AB@C:F88 =0 2A5 A;CG08, >?5:0BL 8 :>=B@>;8@>20BL. >5-:B> 87 ?>4G8=5==KE ?@54?>G8B05B, GB>1K 2<5AB> 8=AB@C:F89 8< 40;8 3;>B>: A2>1>4K. N1>5 459AB285 ?> >B=>H5=8N : A>B@C4=8:0< <>65B 1KBL :0: <>B828@CNI8<, B0: 8 45 <>B828@CNI8< D0:B>@><. 06=> >F5=8BL 40==>5 459AB285 ?> >B=>H5=8N : :>=:@5B=K< ;N4O<. O4 45 <>B828@CNI8E D0:B>@>2 O2;O5BAO A;54AB285< ;8G=>AB8 @C:>2>48B5;O 8;8 =5?>=8<0=8O 8<, GB> =0 A0<>< 45;5 <>B828@C5B ?>4G8=5==KE. !;CG05BAO, GB> 4803=>7 ?>AB028BL =5;53:>, B0: :0: 2=5H=5 A8BC0F8O 2K3;O48B A?>:>9=>9. [ @8;>65=85 !7;119]. !;54CNI8< A@54AB2>< <0B5@80;L=>9 <>B820F88 ?5@A>=0;0 O2;O5BAO 8A?>;L7>20=85 ?@8=F8?>2 @0=68@>20=8O ?5@A>=0;0.  A>2@5<5==>9 ;8B5@0BC@5 ?@54AB02;5=> <=>65AB2> @07;8G=KE B5E=8: @0=68@>20=8O.  :><?0=88 >AB>:-!5@28A 8A?>;L7CNB ?@8=F8? >F5=:8 8 @0=68@>20=8O 4>;6=>AB59 0BK38=0 2 :;0AA8G5A:>< 20@80=B5. "01;8F0 ! 2.1. ;NG52K5 D0:B>@K >F5=:8 @01>G8E <5AB (4>;6=>AB59) 2 :><?0=88 >AB>:-!5@28A $0:B>@ >F5=:8!>45@60=85 D0:B>@0?8A0=85 C@>2=59 D0:B>@00;; C@>2=O"@51C5<0O :20;8D8:0F8O 1@07>20=85!@54=5510!@54=5 A?5F80;L=>5205>:>=G5==>5 2KAH5530KAH5540#G5=0O AB5?5=L50?KB @01>BK57 >?KB020> 1 3>40301  3 3>40803-5 ;5B100>;55 5 ;5B150!;>6=>ABL @01>BK#<AB25==K5 CA8;8O>=>B>==0O @01>B0, ?>AB>O==>5 2K?>;=5=85 548=8G=KE DC=:F8920"5:CI0O @01>B0, 2K?>;=5=85 =5A:>;L:8E DC=:F89, =5 B@51CNI8E >A>1KE C<AB25==KE CA8;8940 07=>>1@07=0O @01>B0, A 8A?>;L7>20=85< M;5<5=B>2 0=0;870, 2K1>@ ?CB59 @5H5=8O ?>AB02;5==KE 7040G60 07=>>1@07=0O @01>B0, B@51CNI0O 45B0;L=>3> 0=0;870, ;>38G5A:8E @0AAC645=89, 2K1>@0 @5H5=89 @07=KE ?@>1;5<80 01>B0, A2O70==0O A B2>@G5A:8< ?>4E>4>< : ?>8A:C 8 A8AB5<=><C 0=0;87C 8=D>@<0F88, A2O70==0O A 2KG;5=5=85<, ?>AB0=>2:>9 8 D>@<C;8@>2:>9 ?@>1;5<, @07@01>B:>9 ?CB59 @5H5=8O MB8E ?@>1;5<100$878G5A:85 CA8;8O!84OG0O @01>B0, B@51CNBAO A;01K5 D878G5A:85 CA8;8O10 01>B0, B@51CNI0O =57=0G8B5;L=KE D878G5A:8E CA8;89 (2AB020=8O, =0:;>=K, E>4L10)20$878G5A:85 CA8;8O 2KH5 A@54=53>, B@51CNBAO ?>AB>O==>5 AB>O=85, =5?@5@K2=0O @01>B0 A >1>@C4>20=85<, <>=>B>==0O @01>B030 01>B0, B@51CNI0O 7=0G8B5;L=KE D878G5A:8E CA8;89, => ?5@8>48G5A:8, 2 >B45;L=K5 <><5=BK @01>BK40 01>B0, B@51CNI0O ?>AB>O==>3> 8 A8;L=>3> D878G5A:>3> =0?@O65=8O50=8F80B82=>ABL 8 A0<>AB>OB5-;L=>ABL!;54C5B >?@545;5==K< 8=AB@C:F8O<: 8=AB@C:F88 ?>ABC?0NB >B =5?>A@54AB25==>3> =0G0;L=8:0, ?@8ACBAB2CNI53> ?>AB>O==>. >;=><>G8O >3@0=8G5=K 8 ?>AB>O==> ?@>25@ONBAO.30!;54C5B CAB0=>2;5==K< ?@>F54C@0<: 2A5 4>;6=>AB=K5 >1O70==>AB8 65AB:> >?@545;5=K, E>BO 4>;6=>ABL 8 =5 =0E>48BAO ?>4 ?>AB>O==K< :>=B@>;5<. 5AB0=40@B=K5 A8BC0F88 2A5340 @07@5H0NBAO 2KH5AB>OI8< =0G0;L=8:><.60!;54C5B >1I8< 8=AB@C:F8O<: =5 2A5 4>;6=>AB=K5 >1O70==>AB8 65AB:> >?@545;5=K. &5;8 D>@<C;8@CNBAO A25@EC, => ?;0=8@>20=85 8 >@30=870F8O @01>BK ?@>872>48BAO @01>B=8:>< A0<>AB>OB5;L=>, E>BO ?@>F54C@K 2K?>;=5=8O >?@545;5=K. 1@0I5=85 : 2KH5AB>OI5<C =0G0;L=8:C =>A8B M?87>48G5A:89 E0@0:B5@.90!;54C5B >1I59 ?>;8B8:5: 4;O 40==>9 4>;6=>AB8 D>@<C;8@CNBAO B>;L:> >1I85 F5;8, @07@01>B:0 ?@>F54C@ 8 <5B>4>2 2K?>;=5=8O @01>BK ?@>872>48BAO @01>B=8:>< A0<>AB>OB5;L=> 8AE>4O 87 ?>;8B8:8 >@30=870F88.120!>7405B 8 D>@<C;8@C5B ?>;8B8:C, ?@>F54C@K 8 <5B>4K @01>BK: =>A8B5;L 40==>9 4>;6=>AB8 =0E>48BAO ?@0:B8G5A:8 ?>4 A0<>:>=B@>;5<, :>B>@K9 >ACI5AB2;O5BAO ?> @57C;LB0B0< @01>BK. !B0=40@BK ?@>872>48B5;L=>AB8 8 :0G5AB20 2K?>;=5=8O 4>;6=>AB=KE >1O70==>AB59 CAB0=02;820NBAO @01>B=8:>< A0<>AB>OB5;L=>.150B25BAB25=-=>ABL0 @01>BC 4@C38EB25BAB25=5= B>;L:> 70 A2>N @01>BC105:>B>@>5 @C:>2>4AB2> 8 :>=B@>;L 70 =5:>B>@K<8 >?5@0F8O<8 4@C38E A>B@C4=8:>220#?@02;O5B <=>38<8 A>B@C4=8:0<8 8;8 ?>4@0745;5=85<, :>>@48=8@C5B A 4@C38<8 @C:>2>48B5;O<850B25BAB25=5= 70 :>>@48=0F8N 3@C??K >B45;>280 C:>2>48B A0<>AB>OB5;L=>9 187=5A 548=8F59 (:><?0=8O, ?@54?@8OB85, D8@<0)1000 :>=B0:BK A :;85=B0<8 8 AB>@>==8<8 >@30=870F8O<8@0:B8G5A:8 =5 :>=B0:B8@C5B A :;85=B0<8, =5 8<55B 2=5H=8E :>=B0:B>2 ?> A;C615 10>=B0:BK A :;85=B0<8 8 2=5H=8<8 >@30=870F8O<8 M?87>48G5A:8 8;8 ?>4 :>=B@>;5<20>=B0:BK =0 2=5H=5< C@>2=5, ?@54?>;030NI85 2708<>459AB285 A 4>;6=>AB=K<8 ;8F0<8 ACI5AB25==> 1>;55 2KA>:>3> @0=30 ?> 2>?@>A0<, B@51CNI8< ?>OA=5=89, >1AC645=89 8;8 ?@8=OB8O @5H5=89.50=5H=85 :>=B0:BK, B@51CNI85 2KA>:>9 AB5?5=8 B0:B0, A?>A>1=>AB8 2708<>459AB2>20BL, @0AAC48B5;L=>AB8. @54?>;0305BAO =0;8G85 ?>AB>O==KE 2=5H=8E A2O759 8 2>7<>6=> 2;8O=85 =0 4>;6=>AB=KE ;8F ;N1>3> A;C651=>3> ?>;>65=8O80=5H=85 :>=B0:BK =0 A0<>< 2KA>:>< C@>2=5, G0AB> B@51CNI85 B@C4=KE ?5@53>2>@>2, 2845=8O AB@0B5388 8 GC2AB20 2@5<5=8.1000B5@80;L=0O >B25BAB25==>ABL 70 A>1AB25==>ABL :><?0=88B25BAB25==>ABL 70 <0;>F5==>5 >1>@C4>20=85 =0 @01>G5< <5AB5. 20>;=0O <0B5@80;L=0O >B25BAB25==>ABL 70 225@5==>5 >1>@C4>20=85 8 <0B5@80;L=K5 F5==>AB8 =0 A2>5< @01>G5< <5AB5.80B25G05B 70 <0B5@80;L=K5 F5==>AB8, >1>@C4>20=85 8 >@30=870F8>==K5 @0AE>4K 2 ?>4@0745;5=88.120B25G05B 70 D8=0=A>2K5 >1>@>BK, @0F8>=0;L=>5 @0AE>4>20=85 A@54AB2 2 >1J5<5 187=5A 548=8FK (:><?0=8O, ?@54?@8OB85, D8@<0).1805A5B 2AN ?>;=>BC >B25BAB25==>AB8 70 D8=0=AK 187=5A 548=8FK, ?@028;L=>5 @0AE>4>20=85 A@54AB2 2 A>>B25BAB288 A 459AB2CNI8< 70:>=>40B5;LAB2><.200B25BAB25==>ABL 70 687=L 8 74>@>2L5 4@C38E (A>B@C4=8:>2, :;85=B>2) 01>B0 =5 A2O70=0 A @8A:>< ?@8G8=8BL CI5@1 74>@>2LN 8;8 687=8 4@C38<10<55BAO @8A: ?@8G8=5=8O 2@540 74>@>2LN 8;8 687=8 4@C38E10057CA;>2=>, <5B>4 @0=68@>20=8O ?5@A>=0;0, @07@01>B0==K9 0BK38=K< 8<55B @O4 ?@58<CI5AB2, 2 ?5@2CN >G5@54L : =8< <>6=> >B=5AB8 ?@>AB>BC 8 >4=>7=0G=>ABL ?@8 >1@01>B:5 40==KE. "0:65 : =5A><=5==K< ?@58<CI5AB20< 40==>9 A8AB5<K <>6=> 4>1028BL <0;K9 2@5<5==>9 @5AC@A, :>B>@K9 =5>1E>48< 4;O ?@>F5AA0 @0=68@>20=8O. 4=0:> A8AB5<C =5;L7O =0720BL C=825@A0;L=>9, ?>A:>;L:C 40==CN A8AB5<C <>6=> ?@8<5=OBL B>;L:> 2 =51>;LH8E :><?0=8OE. -B> A2O70=> A B5<, GB> 40==K9 <5B>4 =54>AB0B>G=> 381:89, 8 >?@545;O5B @0=3 G8AB> <0B5<0B8G5A:8<8 @0AG5B0<8. 0AA<>B@8< ?@8=F8?K @0=68@>20=8O =5 A B>G:8 7@5=8O <0B5<0B8G5A:>9, 0 A B>G:8 7@5=8O >?8A0B5;L=>9. @8=F8?K @0=68@>20=8O, :>B>@K5 1K;8 @07@01>B0=K <=>9 A>2<5AB=> A 0G0;L=8:>< :04@>2>9 A;C61K 2  >AB>:-!5@28A 8<5NB @04 ?@58<CI5AB2.  ?5@2CN >G5@54L MB> 2>7<>6=>ABL ?@8<5=5=8O 2 >@30=870F8>==KE AB@C:BC@0E, 345 ACI5AB2C5B 1>;LH0O 48DD5@5=F80F8O ?> >?;0B5 8 ?>78F8O<. @8=F8? @0=68@>20=8O >A=>2K20;AO =0 B><, GB> 2A5 A>B@C4=8:8 1K;8 ?>4@0745;5=K =0 B@8 :0B53>@88, : ?5@2>9 :0B53>@88 1K;8 >B=5A5=K <5=5465@K (@C:>2>48B5;8 2A5E C@>2=59), :> 2B>@>9  A?5F80;8ABK, 8, =0:>=5F, : B@5BL59 3@C??5 1K;8 >B=5A5=K, B0: =07K205<K5 8A?>;=8B5;8. 0B5< :0640O :0B53>@8O 1K;0 ?@>48DD5@5=F8@>20=0 2 A>>B25BAB288 A B5< DC=:F8>=0;><, :>B>@K9 O2;O5BAO ?@8>@8B5B=K< 4;O B>9 8;8 8=>9 :0B53>@88. "0:, 4;O <5=5465@>2 3@040F8O 1K;0 ?>AB@>5=0 ?> ?@8=F8?C ?@8=OB8O @5H5=8O, B> 5ABL =0 B5E, :B> ?@8=8<05B >?5@0B82=>5 @5H5=8O 8 @C:>2>4AB2> (=87H89 C@>25=L @C:>2>48B5;59), =0 B5E, :B> ?@8=8<05B B0:B8G5A:85 @5H5=8O  C@>25=L @C:>2>48B5;59 ?>4@0745;5=89, 8 B5E, GL8 7040G8 70:;NG0NBAO 2 AB@0B538G5A:>< ?;0=8@>20=88. !?5F80;8ABK 1K;8 @0718BK =0 B5E, :B> 3>B>28B AB@0B538G5A:85 ?@>3@0<<K (A?5F80;8ABK 2KAH53> C@>2=O), A?5F80;8AB>2, @50;87CNI8E B0:B8G5A:85 @5H5=8O 8 A?5F80;8AB>2, 2K?>;=ONI8E AB0=40@B=K5 @53;0<5=B8@>20==K5 DC=:F88. @8=F8?K 3@040F88 8A?>;=8B5;59 >A=>2K20;8AL =0 A;>6=>AB8 2K?>;=O5<>9 @01>BK, @01>BK B@51CNI59 A?5F80;L=KE 7=0=89, D878G5A:>9 =03@C7:8. "01;8F0 ! 2.2. @8=F8?K @0=68@>20=8O ?5@A>=0;0 2 :><?0=88 >AB>:-!5@28A >4 5=5465@K >4 !?5F80;8ABK >4 A?>;=8B5;8 1 5=5465@K, ?@8=8<0NI85 AB@0B538G5A:85 @5H5=8O 2-1 !?5F80;8ABK, @07@010BK20NI85 AB@0B538G5A:85 ?@>3@0<<K 8 3>B>2OI85 AB@0B538G5A:85 @5H5=8O.3-1 A?>;=8B5;8, 8A?>;L7CNI85 A;>6=CN B5E=8:C, <5E0=87<K, >ACI5AB2;ONI85 @5<>=B A;>6=>9 B5E=8:8 8 <5E0=87<>2. 1-2 5=5465@K, ?@8=8<0NI85 B0:B8G5A:85 @5H5=8O 2-2 !?5F80;8ABK, @07@010BK20NI85 8 @50;87CNI85 B0:B8G5A:85 ?@>3@0<<K3-2 A?>;=8B5;8, 2K?>;=ONI85 A;>6=CN @CG=CN @01>BC, B@51CNICN 2KA>:8E ?@>D5AA8>=0;L=KE =02K:>2. 1-3 5=5465@K, @50;87CNI85 B>;L:> >?5@0B82=>5 @C:>2>4AB2> 2-3 !?5F80;8ABK, 3-3 A?>;=8B5;8,  @50;87CNI85 B>;L:> >?5@0B82=>5 @C:>2>4AB2>  2K?>;=ONI85 AB0=40@B=K5 >?5@0F88, (:;5@:8)  2K?>;=ONI85 =5:20;8D8F8@>20==K5, ?>4A>1=K5 @01>BK.   ?@8;>65=85 ! 5. ?@54AB02;5=0 B01;8F0 A "015;L > @0=30E :><?0=88 >AB>:-!5@28A. I5 >4=> A@54AB2> <0B5@80;L=>9 <>B820F88 :><?0=88 >AB>:-!5@28A O2;O5BAO ?@8<5=5=85 B0@8D=>-@07@O4=>9 A8AB5<K ?@8 @0AG5B5 A ?5@A>=0;>< ?> >?;0B5 B@C40.  A2O78 A B5<, GB> 8=D>@<0F8O > D>=45 >?;0BK B@C40 8 >:;040E A>B@C4=8:>2 O2;O5BAO :>=D845=F80;L=>9, ?@82545< B>;L:> A0< ?@8=F8? >?@545;5=8O >:;040 2 A>>B25BAB288 A @0=3><. "01;8F0 ! 2.3. 0AG5B >:;040 A>B@C4=8:0 2 A>>B25BAB288 A @0=3>< 0=3 1. 2. 3. 4. 5. "0@8D X +10% +15% +15%; +17%  0=3 6. 7. 8. 9. 10. "0@8D +17% +20% +15% +17% +18%  0=3 11. 12. 13. 14. 15. "0@8D +20% +15% +10% +20% +22%  0=3 16. 17. 18.  "0@8D +30% +30% +30%  "5?5@L @0AA<>B@8< 1>;55 ?>4@>1=> AB@C:BC@C =5<0B5@80;L=KE A@54AB2 <>B820F88. @8=F8? A>@52=>20=8O, :>B>@K9 >A=>2K205BAO =0 ?@>2545=85 :>=:C@A0 A@548 ?@>402F>2  :>=AC;LB0=B>2 2 :><?0=88 >AB>:-!5@28A. 5>4=>:@0B=> C?><8=0;>AL >1 >A>1>< >B=>H5=88 :><?0=88 : ?@>402F0<-:>=AC;LB0=B0<, CG8BK20O 8E 7=0G5=85 2 ?@>872>48B5;L=>9 45OB5;L=>AB8 ?@54?@8OB8O. !CI5AB25==K< O2;O5BAO 8 B>, GB> 8<5==> 2 MB>9 :0B53>@88 @01>B=8:>2 =01;N405BAO 1>;LH0O B5:CG5ABL :04@>2, A2O70==0O A ?@82;5G5=85< : @01>B5 ABC45=B>2 8 2K?CA:=8:>2 A@54=5 A?5F80;L=KE CG@5645=89. 0G0;L=8: :04@>2>9 A;C61K A>2<5AB=> A <5=5465@>< ?> :04@>2K< 2>?@>A0< @07@01>B0;8 ?;0= ?@>2545=8O :>=:C@A0 A@548 <5=5465@>2 ?> ?@>4060<. 3> F5;L: 1.>@0;L=0O 8 <0B5@80;L=0O <>B820F8O <5=5465@>2 =0 C;CGH5=85 :0G5AB20 >1A;C6820=8O ?>:C?0B5;59 8 C25;8G5=85 >1J5<0 ?@>406; 2.#25;8G5=85 AB060 @01>BK 2 :><?0=88 :20;8D8F8@>20==KE <5=5465@>2 ?> ?@>4060<.  :>=:C@A5 >F5=8205BAO @57C;LB0B 8 :0G5AB2> @01>BK <5=5465@>2 ?> ?@>4060< 70 >?@545;Q==K9 ?5@8>4. 5@8>4>< O2;O5BAO :064K9 :0;5=40@=K9 <5AOF 2 B5G5=85 A57>=0 8 ?>42545=85 8B>3>2 A57>=0.  :>=:C@A5 ?@8=8<0NB CG0AB85 <5=5465@K ?> ?@>4060<, =5 8<5NI85 48AF8?;8=0@=KE 27KA:0=89 8 2K1@0==K5 =0 >A=>20=88 B09=>3> 0=:5B8@>20=8O A@548 @01>B=8:>2 <03078=0. >1548B5;8 >?@545;ONBAO 565<5AOG=> ?> :064><C <03078=C >B45;L=>, A ?>A;54CNI8< 2@CG5=85< 3@0<>BK A C:070=85< =><8=0F88.  :>=F5 A57>=0 ?>1548B5;8 >?@545;ONBAO A@548 <5=5465@>2 ?> ?@>4060<, >B45;L=> ?> :064>9 =><8=0F88, ?CB5< ?>4AG5B0 <0:A8<0;L=>3> :>;8G5AB20 2@CG5==KE 3@0<>B 2 A>>B25BAB2CNI59 =><8=0F88. >=:C@A ?@>2>48BAO ?> 4 =><8=0F8O<: 1.0AB5@ ?@>406 2. >@>;L 0:A5AAC0@>2 3. 5D>@<0;L=K9 ;845@ 4. @>4025F-;8F> :><?0=88 @8B5@88 8 <5B>4K >F5=:8 ?@54AB02;5=K 2 >;>65=88 > ?>@O4:5 ?@>2545=8O :>=:C@A0 <5=5465@>2 ?> ?@>4060< [@8;>65=85 !4; 114]. >42545=85 @57C;LB0B>2 ?@>E>48B ?> 5 =><8=0F8O<, :>B>@K5 2:;NG0NB 2 A51O ?5@5G8A;5==K5 4 8 =><8=0F8N ;CGH89 87 ;CGH8E (CG8BK205BAO >1I55 :>;8G5AB2> 3@0<>B ?> 2A5< =><8=0F8O<).  :064>9 =><8=0F88 >?@545;ONBAO B@8 ?>1548B5;O.(1,2,3 <5AB0) 03@0645=85 ?@>E>48B 2 >D8A5 :><?0=88 2 B>@65AB25==>9 >1AB0=>2:5. >1548B5;8 70=O2H85: " 1 <5AB>, =03@0640NBAO ?>G5B=K<8 3@0<>B0<8 8 45=56=K<8 ?@870<8 2 @07<5@5 15000 @C1;59. " 2 <5AB>, =03@0640NBAO ?>G5B=K<8 3@0<>B0<8 8 45=56=K<8 ?@870<8 2 @07<5@5 9000 @C1;5. " 3 <5AB>, =03@0640NBAO ?>G5B=K<8 3@0<>B0<8 8 45=56=K<8 ?@870<8 2 @07<5@5 6000 @C1;59. 0 B>@65AB25==>< =03@0645=88 A ?>74@02;5=8O<8 8 1;03>40@=>ABLN 2KABC?05B @57845=B :><?0=88, :>B>@K9 ?>;L7C5BAO 1>;LH8< 02B>@8B5B>< 8 C2065=85< A@548 :>;;53. @8ACBAB2CO =0 MB>< ?@074=8:5, <>6=> 1K;> >B<5B8BL, A :0:8< 2=8<0=85< @01>B=8:8 >B=>A8;8AL : A:070==><C, :0:>5 7=0G5=85 ?@84020;8 A8<2>;8G5A:8< =0?CBAB28O<. ;O <=>38E MB> =5 B>;L:> <0B5@80;L=0O ?@8102:0 : 70@01>B=>9 ?;0B5, => 8 2>7<>6=>ABL 70@01>B0BL 02B>@8B5B 8 ?>?0ABL 2 @59B8=3 ;CGH8E @01>B=8:>2. 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 ?> ?@>4060<, 0 B0:65 >D8A=KE A>B@C4=8:>2, O2;O5BAO ?@>42865=85 8 ?>2KH5=85 ?> A;C651=>9 ;5AB=8F5. B45; ?5@A>=0;0 2KO2;O5B A?>A>1=KE A>B@C4=8:>2 8 ?@54;0305B CB25@48BL 8<5NI85AO :0=4840BC@K. 0?@8<5@: " 12.02.04 420 <5=5465@0 ?> ?@>4060< 1K;8 ?5@52545=K =0 ?>AB>O==CN @01>BC 2 >D8A =0 4>;6=>ABL AB0@H8E <5=5465@>2, A 2>7<>6=K< ?@>42865=85< ?> A;C651=>9 ;5AB=8F5. " 16.02.04 =0 4>;6=>ABL ?><>I=8:0 <5=5465@0 2 >B45; 70:C?>: 1K;0 ?5@52545=0 >D8A-<5=5465@ :><?0=88. "0:8< >1@07><, :><?0=8O 701>B8BAO > A2>8E A>B@C4=8:0E, CG8BK20O 8E ?>B@51=>AB8 8 ?KB0OAL ?><>GL 8< A0<>@50;87>20BLAO.[48; 21-23]. B>@K< A@54AB2>< =5<0B5@80;L=>9 <>B820F88 O2;O5BAO :>@?>@0B82=0O :C;LBC@0 :><?0=88. >@?>@0B82=0O :C;LBC@0 - MB> =01>@ M;5<5=B>2, :>B>@K5 >15A?5G820NB <>B820F8N A>B@C4=8:>2, A>74020O 1;03>?@8OB=K9 :;8<0B 4;O @01>BK. [19; 121-123].  107>2K< M;5<5=B0< :>@?>@0B82=>9 :C;LBC@K >B=>AOBAO: 8AA8O :><?0=88 (>1I0O D8;>A>D8O 8 ?>;8B8:0); 07>2K5 F5;8 (AB@0B538O 8 =0?@02;5=8O 45OB5;L=>AB8 ?@54?@8OB8O); -B8G5A:89 :>45:A ?@54?@8OB8O (=>@<K 8 ?@028;0 ?>2545=8O A>B@C4=8:>2, ?>>I@O5<K5 =0 ?@54?@8OB88); >@?>@0B82=K9 AB8;L (F25B, ;>3>B8?, D;03, C=8D>@<0); >@?>@0B82=K5 ?@074=8:8. 8AA8O ?@54?@8OB8O 8 55 107>2K5 F5;8 O2;ONBAO 4;O A>B@C4=8:>2 =5>BJ5<;5<>9 G0ABLN @01>BK, - >=8 G5B:> AD>@<C;8@>20=K 8 >1I54>ABC?=K. -B8G5A:89 :>45:A - >D8F80;L=K9 4>:C<5=B ?@54?@8OB8O, :>B>@K9 >?8AK205B 2708<>>B=>H5=8O A>B@C4=8:>2 A @07;8G=K<8 3@C??0<8 ;N459 (2=5H=8<8 8 2=CB@5==8<8 :;85=B0<8), ?@845@6820BLAO :>B>@>3> >1O70= :064K9 A>B@C4=8:. [19; 125]. 0;8G85 :><?;5:A0 M;5<5=B>2 :>@?>@0B82=>3> AB8;O @>6405B C A>B@C4=8:>2 GC2AB2> ?@8=04;56=>AB8 : ?@54?@8OB8N, GC2AB2> 3>@4>AB8 70 =53>. 7 @07@>7=5==KE ;N459 A>B@C4=8:8 ?@52@0I0NBAO 2 548=K9 :>;;5:B82, A> A2>8<8 70:>=0<8, ?@020<8 8 >1O70==>ABO<8. A5 M;5<5=BK :>@?>@0B82=>3> AB8;O G5B:> ?@>?8AK20NBAO. [17; 12]. >@?>@0B82=K5 ?@074=8:8 2 >B@K25 >B F5;59 :><?0=88 >AB>:-!5@28A, >B A>2<5AB=>9 @01>BK B5@ONB 2AO:89 A<KA;, 1>;55 B>3> ?@8=>AOB =5<0;K9 2@54. >@?>@0B82=K9 ?@074=8: ?@54?>;0305B ?>=8<0=85 F5;8 40==>3> <5@>?@8OB8O (>1AC645=85 @01>G8E 0A?5:B>2, A>740=85 =5D>@<0;L=KE >B=>H5=89, >B4KE). [27;138.] @074=8:  MB> ?@074=8: 40==>3> ?@54?@8OB8O, 345 ?@8ACBAB2CNB M;5<5=BK :>@?>@0B82=>3> AB8;O 8 >D>@<;5=8O 2 A>>B25BAB288 A F5;O<8 ?@074=8:0, 0 B0:65 ?@>3@0<<0, ?>4G5@:820NI0O M;5<5=BK :>@?>@0B82=>AB8. @8 5653>4=>< ?;0=8@>20=88 =0 ?@54?@8OB88 A>AB02;ONBAO: ?5@5G5=L :>@?>@0B82=K9 ?@074=8:>2, CG0AB85 2 =8E @C:>2>48B5;59, ?>@O4>: 8E ?@>2545=8O, ?;0= 8 1N465B ?@074=8:>2 =0 1;8609H89 3>4; 2A5 2=CB@5==85 <5@>?@8OB8O, 2=5 7028A8<>AB8 >B 8E <0AHB01=>AB8: A>1@0=8O <>;>4KE A>B@C4=8:>2, 25B5@0=>2, 4=8 @>645=8O, =03@0645=8O A>B@C4=8:>2 ?@54?@8OB8O. [48; 9].  F5;OE @0728B8O :>@?>@0B82=>9 :C;LBC@K @07@010BK20NBAO B0:85 ?@>5:BK 2 :><?0=88 >AB>:-!5@28A :0:: 1. @>5:B >45:A !>B@C4=8:0; 2. @>5:B >@BD5;L A>B@C4=8:0 (=01>@ 2A5E =5>1E>48<KE 4;O @01>BK =0 ?@54?@8OB88 4>:C<5=B>2, ?>A;5 87CG5=8O :>B>@KE, =0 2A5 2>?@>AK A>B@C4=8:0 <>65B >B25B8BL 53> =0AB02=8: 8;8 @C:>2>48B5;L); 3. @>5:B 0AB02=8: (C:07K205BAO ?@55<AB25==>ABL B@048F89, ?@028;0 45;>2>3> >1I5=8O, @8BC0;K 45;>2>3> 8 2=5A;C651=>3> >1I5=8O, ?>@O4>: 040?B0F88 =>2KE A>B@C4=8:>2). @C38< A@54AB2>< =5<0B5@80;L=>9 <>B820F88 O2;O5BAO 8A?>;L7>20=85 :><<C=8:0F89. ><<C=8:0F88 A?>A>1AB2CNB D>@<8@>20=8N C A>B@C4=8:>2 GC2AB20 ?@8G0AB=>AB8 : 45;0< :><?0=88. ><<C=8:0F88 =0 ?@54?@8OB88 @50;87CNBAO ?>A@54AB2>< M;5:B@>==>9 ?>GBK, :>@?>@0B82=>3> 6C@=0;0, A>25I0=89, 8=D>@<0F8>==KE <5<>@0=4C<>2, web-A09B0, Intranet. [17; 31]. A=>2=K< M;5<5=B>< MDD5:B82=>9 :><<C=8:0F88 O2;O5BAO @53C;O@=0O >1@0B=0O A2O7L. 1@0B=0O A2O7L >15A?5G8205BAO >?@>A0<8 A>B@C4=8:>2, @53C;O@=K<8 2AB@5G0<8 A @C:>2>48B5;O<8, 3>@OG8E ;8=89 A ?><>ILN M;5:B@>==>9 ?>GBK. Intranet A>45@68B 2AN 8=D>@<0F8N > :><?0=88 >AB>:-!5@28A, =0G8=0O >B 8AB>@88 A>740=8O 8 70:0=G820O AB@0B538G5A:8<8 ?;0=0<8 8 18>3@0D859 ?5@2KE ;8F, 3>4>2K5 >BG5BK, ?>@BD5;L =>28G:0 8 4@C385, 2A5 ?>A;54=85 87<5=5=8O, =>2>AB8, =>2K5 4>:C<5=BK 8 C:070=8O, :>@?>@0B82=>5 ?5@8>48G5A:>5 8740=85, CG51=K5 ?@>3@0<<K 48AB0=F8>==>3> >1CG5=8O. @BDF|~    ιĴꮝm^RhRe5mHnHuhRe0J5aJmHnHu/jhRe5>*B*UmHnHphuhRe5mHnHuhRe0J5mHnHu!jhRe0J5UmHnHu hReCJ h^j{hReUjhReU hRe!jhRe>*B*Uph hRe0JjhRe0JUjhReUhRe p brxx| $ #% ]^`$$ & F # ]  (## ]B     b d f ﴧlaVGVjhReUmHnHuhRemHnHuhReCJmHnHu,jhRe>*B*UmHnHphuhRemHnHuhRe0JmHnHujhRe0JUmHnHuhRe5CJmHnHu!jhRe0J5UmHnHuh^5mHnHu#jqhRe5UmHnHuhRe5mHnHu jhRe5UmHnHu F H J | ~ , . 0 b źůůsźů\ů,jhRe>*B*UmHnHphu j]hReUmHnHuhRemHnHu,jhRe>*B*UmHnHphuhRemHnHuhRe0JmHnHuhReCJmHnHujhRe0JUmHnHuh^mHnHujhReUmHnHu jghReUmHnHu$b d f j l n p r t D H J | ~ źyj^M^;M#jIhRe5UmHnHu jhRe5UmHnHuhRe5mHnHuhRe0J5aJmHnHu/jhRe5>*B*UmHnHphuhRe5mHnHuhRe0J5mHnHu!jhRe0J5UmHnHuhReCJmHnHujhRe0JUmHnHuh^mHnHujhReUmHnHu jShReUmHnHu <>@rtvz|~Ĵ~sdsSdHd~h^mHnHu j?hReUmHnHujhReUmHnHuhRemHnHuhReCJmHnHu,jhRe>*B*UmHnHphuhRemHnHuhRe0JmHnHujhRe0JUmHnHuhRe5CJmHnHu!jhRe0J5UmHnHu jhRe5UmHnHuh^5mHnHu "TVX\^`bdf.02dfhlnprtvθ΄mθ\΄ j+hReUmHnHu,jhRe>*B*UmHnHphuhRemHnHuh^mHnHu j5hReUmHnHujhReUmHnHuhRemHnHuhReCJmHnHuhRe0JmHnHujhRe0JUmHnHu,jhRe>*B*UmHnHphu$468jlnrtvxz|lθ|odoL|=hRe0J5aJmHnHu/j hRe5>*B*UmHnHphuhRe5mHnHuhRe0J5mHnHu!jhRe0J5UmHnHuh^mHnHu j! hReUmHnHujhReUmHnHuhRemHnHuhReCJmHnHuhRe0JmHnHujhRe0JUmHnHu,jhRe>*B*UmHnHphulnp^`b⳦k`UFUjhReUmHnHuhRemHnHuhReCJmHnHu,j hRe>*B*UmHnHphuhRemHnHuhRe0JmHnHujhRe0JUmHnHuhRe5CJmHnHu!jhRe0J5UmHnHuh^5mHnHu#j hRe5UmHnHu jhRe5UmHnHuhRe5mHnHuFHJ|~<>@rźůůsźů\ů,j~ hRe>*B*UmHnHphu j hReUmHnHuhRemHnHu,j hRe>*B*UmHnHphuhRemHnHuhRe0JmHnHuhReCJmHnHujhRe0JUmHnHuh^mHnHujhReUmHnHu j hReUmHnHu$rtvz|~  RTVXź{vp_!jjhRe>*B*Uph hReCJ h^j hReUjhReU hRe!jt hRe>*B*UphhRe hRe0JjhRe0JUhReCJmHnHujhRe0JUmHnHuh^mHnHujhReUmHnHu j hReUmHnHu 246hjlrtvxzTV $>$/2222&3<4455$=6=>Ϻϵ굪՟˙˙˒˒ˌyˌq˒hRemH sH hReaJmH sH hJhReaJ hReaJ hRe6] hReNHjhRe5U\jhReU hRe!j`hRe>*B*UphhRe hRe0J hReCJjhRe0JU h^jhReUjhReU, P"$f&&R'''V(()\))6**+,,N-L./>22 & F h^`gdm & F` & F h^`gdm222&33>4T4x4444P55:|<$=>>,@ABDNF0HI$a$$a$` & F h^`gdm`>>,@\@AAIII>JzJJMNPPRRRRpTT4Y6Y8YYY Z[[[&\P]z]]]_`~>,?N?@AhRe6]mHnHujhReUmHnHujhReCJUmHnHu hJhRe jhRe6U]mHnHuhRe hRe6]F r!""#$%R%&'*+,-./2 h``$`a$22d2233 445268T9:<&>>,?R?@,BCDD"FHtJJKl<Ơ>v $N^N` & F h^`gdm`&(*,.0248:<>@BDFHJL&rP`$`a$`6rصb`Xп$ & F h^`gdm`h`h`8ZHV,Pt$If $a$` & F h^`gdmHLN+bkd $$If( 0$ (4 (ap$If $If`bkdV$$If(0$ (4 (apN|bkd$$If(0$ (4 (ap$If $If`*24T\^(,pTVN68:jlnpr  hⲪ⛓hRe6]mH sH jhReUj{3E hReCJUVaJjBhReUj2E hReCJUVaJjhReUhJhRe6]hRemH sH  hRe6]hRehReCJaJhReB*CJaJph hReaJ3.24+bkd&$$If(0$ (4 (ap$If $If`bkdr$$If(0$ (4 (ap4X\^bkd$$If(0$ (4 (ap$If $If`RN<~ N^N``bkd$$If(0$ (4 (aprnTPr8rvV\pR$a$$a$$`a$$a$ h`RV"   t HxT   !!$If $If`$a$$a$hlrvx<    !$!&!2!4!>!@!H!h!"""""#$###$$%%&&&&((4*6***"+$+@+B+T+V+b+>,@,,,--H.V.8/:///00000011v1x1$2ŸŸŸŸŸŸŸŸhRe0J$5CJNH\hRe0J$5CJ\ hReCJhReCJNH\ hReCJ\ hRe6]hRehReB*ph hJhReH!!H!J!L!N!P!h!lbWWWWH"$1$7$8$If` "$1$7$8$If $If`kd-"$$Ifl\7 H!%#p80l*4 lah!x!~!!!!!!Ykd"$$Ifl4\7 H!%#`p80l*4 laf4 $If`$If!!!!!!icccY $If`$Ifkd#$$Ifl4\7 H!%8 8p80l*4 laf4!!!!!!icccY $If`$Ifkd$$$Ifl4\7 H!%8 8p80l*4 laf4!"""""("icccY $If`$Ifkdk%$$Ifl4\7 H!%8 8p80l*4 laf4("*","D"X"^"icYcY $If`$Ifkd<&$$Ifl4\7 H!%8 8p80l*4 laf4^"`"b"d"x"~"icccY $If`$Ifkd '$$Ifl4\7 H!%8`p80l*4 laf4~""""""icccY $If`$Ifkd'$$Ifl4\7 H!%8 8p80l*4 laf4""""""icccY $If`$Ifkd($$Ifl4\7 H!%8 8p80l*4 laf4""""""icccY $If`$Ifkd)$$Ifl4\7 H!%8 8p80l*4 laf4""#,###i____ $If`kdY*$$Ifl4\7 H!%8 8p80l*4 laf4####X$^$iccYY $If`$Ifkd*+$$Ifl4\7 H!%#`p80l*4 laf4^$`$b$d$&%,%iccYY $If`$Ifkd,$$Ifl4\7 H!% 8 8p80l*4 laf4,%.%0%2%& &iccYY $If`$Ifkd,$$Ifl4\7 H!% 8 8p80l*4 laf4 &&&&''iccYY $If`$Ifkd-$$Ifl4\7 H!% 8 8p80l*4 laf4''''( (icYYY $If`$Ifkdd.$$Ifl4\7 H!% 8 8p80l*4 laf4 ("($(&(((iccYY $If`$Ifkd//$$Ifl4\7 H!% 8`p80l*4 laf4(((())iccYY $If`$Ifkd0$$Ifl4\7 H!% 8 8p80l*4 laf4))))**iccYY $If`$Ifkd0$$Ifl4\7 H!% 8 8p80l*4 laf4****++iccYY $If`$Ifkd1$$Ifl4\7 H!% 8 8p80l*4 laf4++`+b+,,i_Y__$If $If`kdc2$$Ifl4\7 H!% 8 8p80l*4 laf4,,,,J.P.iccYY $If`$Ifkd.3$$Ifl4\7 H!%`#`p80l*4 laf4P.R.T.V.00iccYY $If`$Ifkd4$$Ifl4\7 H!% 8 8p80l*4 laf40000&2.2iccYY $If`$Ifkd4$$Ifl4\7 H!% 8 8p80l*4 laf4.2022242z44iccSI $If`%$dh$Ifa$$Ifkd5$$Ifl4\7 H!% 8 8p80l*4 laf4$2422233\4^4x4z44444,6.6P7R777884999::|:~:::;;;;T<b<<<@=B=H=======4>6>>>??2B4BzB|BBBC$SS hRe6]hRehRe0J$5CJNH\hRe0J$5CJ\hReCJNH\hRe\mHsHhRe0J$5NH\mHsHhRe0J$5\mHsH hReCJ\>444455g]]]] $If`kdb6$$Ifl4\7 H!% 8 8p80l*4 laf4555555iccYY $If`$Ifkd17$$Ifl4\7 H!%`#`p80l*4 laf45555r6x6iccYY $If`$Ifkd8$$Ifl4\7 H!% 8 8p80l*4 laf4x6z6|6~666iccYY $If`$Ifkd8$$Ifl4\7 H!% 8 8p80l*4 laf46666r7z7iccYY $If`$Ifkd9$$Ifl4\7 H!% 8 8p80l*4 laf4z7|7~7788icYYY $If`$Ifkds:$$Ifl4\7 H!% 8 8p80l*4 laf48888(9.9iccYY $If`$IfkdL;$$Ifl4\7 H!% 8`p80l*4 laf4.9092949::iccYY $If`$IfkdI<$$Ifl4\7 H!% 8 8p80l*4 laf4::::V<\<iccYY $If`$Ifkd>=$$Ifl4\7 H!% 8 8p80l*4 laf4\<^<`<b<J=R=iccYY $If`$Ifkd3>$$Ifl4\7 H!% 8 8p80l*4 laf4R=T=V==@>F>icYYY $If`$Ifkd(?$$Ifl4\7 H!% 8 8p80l*4 laf4F>H>J>L>(?.?iccYY $If`$Ifkd@$$Ifl4\7 H!% 8`p80l*4 laf4.?0?2?4???iccYY $If`$Ifkd@$$Ifl4\7 H!% 8 8p80l*4 laf4????@@iccYY $If`$IfkdA$$Ifl4\7 H!% 8 8p80l*4 laf4@@@@BBiccYY $If`$IfkdB$$Ifl4\7 H!% 8 8p80l*4 laf4BB BB0C6CicYYY $If`$Ifkd_C$$Ifl4\7 H!% 8 8p80l*4 laf46C8C:CTTTrTTTTTTTUU2UBUDUJUNUhUUU V&V,V0V\VVVVVVVVVWWWWWNWPWWWWWWWWW X8XNX\XtXxX~XXX˿hRe@B*CJphhRe@B*CJphhRe@B*CJphhRe@B*CJphhRe@B*CJph hReCJhReB*CJphF T"T&T(TTTTTUkXIXIXIX$-DIfM $-DIfM `kdE$$If(ֈ@ ' m (4 (aUDULUNU"V$V&V.V0VIkdF$$If(ֈ@ ' m (4 (a$-DIfM $-DIfM `0VVVVVWWWWPWWW$-DIfM $-DIfM ` WWWWPXRXZX\XvXkXIXIXIX$-DIfM $-DIfM `kdG$$If(ֈ@ ' m (4 (avXxXXXXXXXXIkdiH$$If(ֈ@ ' m (4 (a$-DIfM `$-DIfM XXXXXYYDYTY\YYY[L[\\z]]]]]]]]]]]]]]]]]]]]]]]^^^ ^^^^^ ^$^*^0^:^>^˻ҵҭҵҵҧҝҕҕҍ҇һҵҵҭҵҵҧ hRe@hRe@aJhRe@aJhReaJmH sH  hReRHShRe@aJ hReaJ hReRHJhJhRe6] hRe6]hRehRe@B*CJphhRe@B*CJphhRe@B*CJph hReCJ4XXXXYVYXYZY\YYY$-DIfM $-DIfM ` YYYnZ[\]z]]]kecaa\WQQ$If$a$$a$`kdNI$$If(ֈ@ ' m (4 (a ]]]]]]]]]]]]ekd3J$$If(ֈ #0 4 (a$If ]]]]]]]]]]]]]$If ]]^^ ^ ^^^^^"^$^keeeeeeeeee$IfkdK$$If(ֈ #0 4 (a $^,^.^0^<^>^H^J^T^V^`^b^ekdK$$If(ֈ #0 4 (a$If >^F^J^R^V^^^b^j^n^v^|^^^^^^^^^^^^^^^^^^^^^____$_(_._8_B_F_N_R_Z_^_f__2`mmxnn|}4}`}^~~2:nppUhReB*ph hRe6]hRe@aJ hReRHS hRe@ hReRHR hReaJ hReRHJhRe@aJ hRe@hRe hRe@Fb^l^n^x^z^|^^^^^^^ekdL$$If(ֈ #0 4 (a$If ^^^^^^^^^^^^ekd{M$$If(ֈ #0 4 (a$If ^^^^^^^_____ekdMN$$If(ֈ #0 4 (a$If ___&_(_0_2_4_6_8_D_F_P_R_ukdO$$If(4r #0` 4 (af4$If R_\_^_h_j_l_n_p_ `a,bcduommmmm`kdP$$If(4r #0 4 (af4$If ddepf6gg.i jkkldΊ  h` h` $N^N`a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entze J. Personalfuhrungslehre: Grundlagen, Fuhrungsstile, Funkzionen und Theorien der Fuhrung. S. 38; Rosenstiel L. Motivation im Betrieb. 26. %;>?>20 ". 57 ;8G=>3> 8=B5@5A0 =5B B@C4>2>9 0:B82=>AB8//!;C610 :04@>2 2002, ! 1.A.15 27. (0E>2>9 .., (0?8@> !.. >B820F8O B@C4>2>9 45OB5;L=>AB8. #G51=>5 ?>A>185.   5@H8=0. 2003. - 224 A. 28. (5:H=O !.. #?@02;5=85 ?5@A>=0;>< A>2@5<5==>9 >@30=870F88. #G51=>-?@0:B8G5A:>5 ?>A>185. 74. 3-5 ?5@5@01. 8 4>?. (!5@8O 81;8>B5:0 6C@=0;0 #?@02;5=85 ?5@A>=0;><)  .:  87=5A-H:>;0 =B5;-!8=B57, 1998  352 A. 29. &25B052 .. #?@02;5=85 ?5@A>=0;>< - !?1: 8B5@, 2001.A.128 30. 5=546<5=B (:>=A?5:B ;5:F89), .: "740B5;LAB2>   ", 2003.129A. 31. ;5E8=0 .. !B8<C;8@>20=85 @0728B8O @01>B=8:>2 >@30=870F88. // #?@02;5=85 ?5@A>=0;><.  2002. - ! 1.  !. 50-52. 32. 0GC@8= . >2KH5=85 @>;8 M:>=><8G5A:8E <5B>4>2 C?@02;5=8O. // -:>=><8AB. 2002. ! 4. !. 28-31. 33. 5;:8= . , 5;:8=0 . >B82K 8 AB8<C;K B@C40 // !>F80;L=0O 70I8B0. - 2001.- ! 7. - @8;.: A. 44-47 34. ;8=>2 . >B820F8O ?5@A>=0;0 :>@?>@0B82=KE AB@C:BC@ // 0@:5B8=3. - 2001.- ! 1. - !. 88-101. 35. >340=>2 .. . , >@8= .. ., (<>=8= . ., /@K38= . ". >B820F8O ?5@A>=0;0 // 5B>4K <5=546<5=B0 :0G5AB20. - 2001.- ! 11. - !. 14-19. 36. C@<8AB@>2 . , 075=:> . 0:85 <5B>4K ?>2KH5=8O <>B820F88 ?5@A>=0;0 O2;ONBAO =081>;55 459AB25==K<8? // #?@02;5=85 ?5@A>=0;><. - 2002.- ! 7. - !. 48-49. 37. 5@E>3;075=:> . !8AB5<0 <>B820F88 ?5@A>=0;0 // >=AC;LB0=B 48@5:B>@0. - 2002. - !4. - !. 23-34 38. >;>48= ., 070@C: . 'B> ?>1C6405B =0A @01>B0BL: "5>@8O <>B820F88 B@C40 // 0=:>2A:85 B5E=>;>388. - 2002.- ! 10. - !. 29-31. 39. 02@8;8F0 . ;0B8BL 8;8 =5 ?;0B8BL?: >B 2 G5< 2>?@>A =><5@ >48= @01>BK A ?5@A>=0;>< // !;C610 :04@>2. - 2002.- ! 5. - !. 33-36. 40. CI8=0 . "@C4>20O <>B820F8O :0: D0:B>@ ?>2KH5=8O MDD5:B82=>AB8 B@C40 // 1I5AB2> 8 M:>=><8:0 2003.- ! 1. - !. 169-174. 41. >1@>;N1>2 . . !8AB5<0 <0B5@80;L=>3> 8 =5<0B5@80;L=>3> AB8<C;8@>20=8O (<>B820F88) ?5@A>=0;0 // 0=:>2A:85 B5E=>;>388 2002.- ! 3. - !. 41-44. 42. 2B>@ K:>2 ., !B0BLO -B8G5A:85 8 M:>=><8G5A:85 0A?5:BK >F5=:8 ?5@A>=0;0 :0: @5AC@A0 >@30=870F88 //. > <0B5@80;0< II 564C=0@>4=>9 =0CG=>-?@0:B8G5A:>9 :>=D5@5=F88 "@>D5AA8>=0;L=0O MB8:0 2 PR 8 @5:;0<5" - !1, 20023,A.12-16. 43. 3=0BL520 .. !B0BLO >;L <>B820F88 2 C?@02;5=88 >@30=870F859. ! 12,A.25-31.AB>G=8:: http://www.fsc.kiev.ua/101/109/193/131/139/233 44. 2B>@ EA0=>20 !.., >:;04 04@>2K9 0C48B :0: A@54AB2> 4803=>AB8:8 <>B820F88 ?5@A>=0;0 // !1>@=8: 4>:;04>2 5@2>9 <56@538>=0;L=>9 ?@>D5AA8>=0;L=>9 :>=D5@5=F88 "#?@02;5=85 ?5@A>=0;><: @K=>:, B5=45=F88, AB@0B5388, B5E=>;>388" // !0<0@0, 2001,A.12-13. 45. 0@40H>2 . >B820F8O ?5@A>=0;0: B5>@8O 8 ?@0:B8:0: 1 C?@02;5=88 ?5@A>=0;>< =0 ?@8<5@5  "@0AF25B<5B", 3. @0A=>O@A: // '5;>25: 8 B@C4. - 2002.- ! 10. - !. 80-83. 46. ><0@>2 . . !B8<C;8@>20=85 8 <>B820F8O 2 A>2@5<5==>< C?@02;5=88 ?5@A>=0;>< // #?@02;5=85 ?5@A>=0;>< 2002.- ! 1. - !. 38-41. 47. 5AB=8: M:>=><8:8, ! 4, D52@0;L 2003 3. 48. =D>@<0F8O A >D8F80;L=>3> A09B0 :><?0=88  >AB>:-!5@28A www.vostok.ru @8;>65=8O @8;>65=85 ! 1. @30=870F8>==0O AB@C:BC@0 :><?0=88  >AB>:-!5@28A   @8;>65=85 !2. =AB@C:F8O =0G0;L=8:0 :04@>2>9 A;C61K ><?0=8O ">AB>:-!5@28A" !"/ !" #&/ #" . @57845=B ><?0=88 01.08.2004 ! 0G0;L=8: 04@>2>9 A;C61K #ABN60=8=0 .. (?>4?8AL) (D0<8;8O, 8=8F80;K) 01.08.20043. 1. 1I0O G0ABL 1.1. >4@0745;5=85: 04@>20O A;C610. 1.2. >;=>5 =08<5=>20=85 4>;6=>AB8: 0G0;L=8: :04@>2>9 A;C61K. 1.3. 0B53>@8O - @C:>2>48B5;L. 1.4. 07=0G5=85 =0 4>;6=>ABL 8 >A2>1>645=85 >B =55 ?@>872>48BAO ?@8:07>< @57845=B0 ><?0=88. 1.5. A?>;=8B5;L MB>9 4>;6=>AB8 ?>4G8=O5BAO 8 ?>;CG05B @0A?>@O65=8O >B @57845=B0 ><?0=88. 1.6. >?>;=8B5;L=K5 @0A?>@O65=8O 8A?>;=8B5;L MB>9 4>;6=>AB8 <>65B ?>;CG8BL >B ><>I=8:0 @57845=B0. (#:070=8O MB8E @01>B=8:>2 8A?>;=8B5;L MB>9 4>;6=>AB8 2K?>;=O5B B>;L:> 2 B>< A;CG05, 5A;8 >=8 =5 ?@>B82>@5G0B C:070=8O< =5?>A@54AB25==>3> @C:>2>48B5;O). 1.7. A?>;=8B5;L MB>9 4>;6=>AB8 >B405B @0A?>@O65=8O: ><>I=8:C @57845=B0, C?@02;ONI8< <03078=0<8 ><?0=88, @C:>2>48B5;O< 2A?><>30B5;L=KE 8 4@C38E ?>4@0745;5=89 ><?0=88 2 G0AB8, :0A0NI59AO 2>?@>A>2 C?@02;5=8O ?5@A>=0;>< ><?0=88. > >@30=870F8>==K< 2>?@>A0< 8 ?@028;0< 2=CB@5==53> @0A?>@O4:0 >B405B @0A?>@O65=8O @01>B=8:0< !5:@5B0@80B0 ><?0=88. 1.8. A?>;=8B5;L MB>9 4>;6=>AB8 70<5I05B <5=5465@0 ?> ?>41>@C :04@>2, <5=5465@0 ?> :04@>2K< 2>?@>A0<. 1.9. 0:@5?;5=85 2 4>;6=>AB8 01>B0 =0 MB>9 4>;6=>AB8 B@51C5B >B @01>B=8:0 A;54CNI59 :20;8D8:0F88 @87=0:8 70:@5?;5=8O 2 4>;6=>AB8 "@51>20=8O 1@07>20=85 KAH55, A?5F80;L=0O ?>43>B>2:0 2 >1;0AB8 C?@02;5=8O ?5@A>=0;>< !?5F80;L=>ABL A8E>;>38O, !>F8>;>38O, 5=546<5=B, #?@02;5=85 ?5@A>=0;>< ?KB @01>BK ?KB @01>BK 2 0=0;>38G=>9 4>;6=>AB8 =5 <5=55 3 ;5B =0=85 :><?LNB5@0  (Windows, MS Office, ?@>3@0<<K ?> :04@>2><C 45;>?@>872>4AB2C) @>G85 B@51>20=8O :B82=>ABL, :><<C=8:015;L=>ABL, =5 :>=D;8:B=>ABL, 2KA>:0O @01>B>A?>A>1=>ABL  2. &5;8 C:>2>4AB2> ><?0=88 4;O 40==>9 4>;6=>AB8 2K428=C;> A;54CNI85 F5;8: 2.1. 15A?5G5=85 ><?0=88 :20;8D8F8@>20==K<8 8 >?KB=K<8 @01>B=8:0<8 ; 2.2. !>740=85 =5>1E>48<KE CA;>289 4;O MDD5:B82=>3> 8A?>;L7>20=8O ><?0=859 7=0=89, =02K:>2 8 >?KB0 55 @01>B=8:>2 ; 2.3. 07@01>B:0, 2=54@5=85 8 A>25@H5=AB2>20=85 A8AB5<K >?;0BK B@C40 8 <>B820F88 @01>B=8:>2; 2.4. 07@01>B:0 8 >ACI5AB2;5=85 <5@>?@8OB89, =0?@02;5==KE =0 ?>2KH5=85 C4>2;5B2>@5==>AB8 B@C4>< 2A5E :0B53>@89 ?5@A>=0;0 ><?0=88 ; 2.5. 07@01>B:0, 2=54@5=85 8 >15A?5G5=85 <5@>?@8OB89, A?>A>1AB2CNI8E @0728B8N ?5@A>=0;0 ><?0=88 (B@5=8=38, >1CG0NI85 ?@>3@0<<K 8 B.4.); 2.6. $>@<8@>20=85 8 A>E@0=5=85 1;03>?@8OB=>3> <>@0;L=>-?A8E>;>38G5A:>3> :;8<0B0 2 :>;;5:B825 ><?0=88, D>@<8@>20=85 C A>B@C4=8:>2 548=>3> :>@?>@0B82=>3> ?>2545=8O, GC2AB20 A>?@8G0AB=>AB8 : 45;0< ><?0=88; 2.7. ACI5AB2;5=85 >F5=:8 ?5@A>=0;0 =0 @53C;O@=>9 >A=>25, C?@02;5=85 2=CB@5==8<8 ?5@5<5I5=8O<8 ?5@A>=0;0 8 :0@L5@>9 A>B@C4=8:>2 ><?0=88; 2.8. 07@01>B:0 8 M:A?5@B870 ?@54;>65=89 ?> A>25@H5=AB2>20=8N >@30=870F8>==>9 AB@C:BC@K ><?0=88, 55 HB0B=>3> @0A?8A0=8O, 4>;6=>AB=KE >1O70==>AB59 @01>B=8:>2, @53C;O@=0O 4803=>AB8:0 :04@>2>9 A8BC0F88 2 ?>4@0745;5=8OE, >B45;0E 8 2A?><>30B5;L=KE A;C610E ><?0=88. 3. >;6=>AB=K5 >1O70==>AB8 ! ?\? 1O70==>AB8 5@8>48G=>ABL 8 A@>:8 2K?>;=5=8O1. >8A: 8 >B1>@ ?5@A>=0;0, 2 A>>B25BAB288 A B5:CI8<8 8 ?5@A?5:B82=K<8 :04@>2K<8 ?>B@51=>ABO<8 ><?0=88: -0=:5B8@>20=85; -0=0;87 @57C;LB0B>2 AB068@>2:8; -B@5=8=3 ?> ?@>4060< A> AB065@0<8; -@0A?@545;5=85 ?> @01>G8< ;8AB0<.  53C;O@=>, ?> <5@5 =5>1E>48<>AB8, 2 A>>B25BAB288 A ?;0=>< =01>@0 :04@>2 2 ><?0=8N 8 B5:CI8<8 :04@>2K<8 ?>B@51=>ABO<82. @>2545=85 <5@>?@8OB89 ?> >F5=:5 ?5@A>=0;0 ><?0=88. BB5AB0F8O <5=5465@>2 ?> ?@>4060< (1 @07 2 3 <5AOF0). -B5AB8@>20=85 @C:>2>48B5;59 ?>4@0745;5=89 =0 A>>B25BAB285 70=8<05<>9 4>;6=>AB8; -B5AB8@>20=85 =0 A>>B25BAB285 :0B53>@89; -0BB5AB0F8O ?5@A>=0;0 (1 @07/3>4); -45;>2K5 83@K A @C:>2>48B5;O<8 ?>4@0745;5=89 ; -B@5=8=3 ?> ?@>4060<; -B@5=8=3 ?> C?@02;5=G5A:><C ?5@A>=0;C 53C;O@=>, =5 @565 G5< @07 2 ?>;C3>485, 2 A>>B25BAB288 A ?>;>65=85< >1 0BB5AB0F88 ?5@A>=0;0 ><?0=88 3. 1CG5=85 ?5@A>=0;0 ><?0=88 (2:;NG0O @C:>2>48B5;59 A@54=53> 725=0)  53C;O@=>, 2 A>>B25BAB288 A ?@8=OB>9 ?@>3@0<<>9 8 :0;5=40@=K< ?;0=>< >1CG5=8O 4.$>@<8@>20=85 8 ?>445@60=85 1;03>?@8OB=>3> <>@0;L=>-?A8E>;>38G5A:>3> :;8<0B0 2 :>;;5:B825, D>@<8@>20=85 :>@?>@0B82=>9 :C;LBC@K ><?0=88. @>2545=85 ?;0=5@>:. =D>@<0F8O > ?@>1;5<0E 8 ?CBOE @0728B8O ><?0=88  53C;O@=>, 2 A>>B25BAB288 A ?@8=OBK< ?;0=>< @01>BK >B45;0 =0 3>4. 5.803=>AB8:0 8 :>@@5:F8O A8AB5<K 70@01>B=>9 ?;0BK 8 <>B820F88 @01>B=8:>2 ><?0=88-?87>48G5A:8, >48= @07 2 3>4. 6.@30=870F8O :>@?>@0B82=>3> >B4KE0 A>B@C4=8:>2 ><?0=88, @5H5=85 1KB>2KE 8 A>F80;L=KE 2>?@>A>2. -?87>48G5A:8, ?> <5@5 2>7=8:=>25=8O ?>B@51=>AB8.  4. @020 ;O 2K?>;=5=8O 4>;6=>AB=KE >1O70==>AB59 8A?>;=8B5;N 40==>9 4>;6=>AB8 40=K A;54CNI85 ?@020: 4.1. B=>A8B5;L=> A2>8E ?>4G8=5==KE 4020BL @0A?>@O65=8O 8 :>=B@>;8@>20BL 8E 8A?>;=5=85 >4G8=5=85 (C:070BL 4>;6=>ABL) > 2>?@>A0< 5=5465@ ?> :04@>2K< 2>?@>A0< > >@30=870F88 ?@>F5AA0 22545=8O 2 4>;6=>ABL =>2KE A>B@C4=8:>2 8 >@30=870F88 >1CG5=8O 8 ?>2KH5=8O :20;8D8:0F88 ?5@A>=0;0 ><?0=88 5=5465@ ?> ?5@A>=0;C > 2>?@>A0< 2545=8O :04@>2>3> 45;>?@>872>4AB20, :04@>2>9 4>:C<5=B0F88, 4>:C<5=B0;L=>3> >D>@<;5=8O ?@8=OBKE :04@>2KE @5H5=89, >@30=870F8>==K< 2>?@>A0<. #?@02;ONI85 <03078=0<8, @C:>2>48B5;8 2A?><>30B5;L=KE 8 8=KE ?>4@0745;5=89 ><?0=88 > >@30=870F8>==K< 2>?@>A0< 8 2>?@>A0< C?@02;5=8O ?5@A>=0;><.  01>B=8:8 !5:@5B0@80B0 ><?0=88 > >@30=870F8>==K< 2>?@>A0< 8 ?@028;0< 2=CB@5==53> @0A?>@O4:0  4.2. !0<>AB>OB5;L=> @5H0BL A;54CNI85 2>?@>AK: 4.2.1. ACI5AB2;OBL @53C;O@=>5 ?;0=8@>20=85 @01>BK >B45;0 ?> @01>B5 A ?5@A>=0;><, A>AB02;OBL ?;0= @01>BK A ?5@A>=0;>< ><?0=88 =0 >BG5B=K9 ?5@8>4 8 :>=B@>;8@>20BL 53> 8A?>;=5=85 ; 4.2.2. @>2>48BL 8AA;54>20=8O @K=:0 B@C40, A0<>AB>OB5;L=> >?@545;OBL ?5@5G5=L :>=B@035=B>2 4;O C4>2;5B2>@5=8O :04@>2KE ?>B@51=>AB59 ><?0=88 2 A>>B25BAB288 A 2K45;5==K< 1N465B>< 4.2.3. ?@545;OBL 107>2K5 :20;8D8:0F8>==K5 8 ;8G=>AB=K5 B@51>20=8O : :0=4840B0< =0 20:0=B=K5 ?>78F88, 8<5NI85AO 2 ><?0=88; 4.2.4. !>459AB2>20BL @07@5H5=8N B@C4>2KE :>=D;8:B>2, ?>445@6820BL 1;03>?@8OB=K9 <>@0;L=>-?A8E>;>38G5A:89 :;8<0B 2 :>;;5:B825. 4.3. /2;OBLAO ?@54AB028B5;5< ><?0=88, 25AB8 ?5@53>2>@K 8 ?5@5?8A:C ?> A;54CNI8< 2>?@>A0<: 4.3.1. 708<>>B=>H5=8O A 3>AC40@AB25==K<8, 3>@>4A:8<8 8 <C=8F8?0;L=K<8 >@30=0<8 2;0AB8, 2>5==K<8 :><8AA0@80B0<8, AC40<8, >@30=0<8 A>F80;L=>3> 8 ?5=A8>==>3> >15A?5G5=8O, 4@C38<8 :>=B@>;8@CNI8<8 >@30=0<8 ?> 2>?@>A0< 70=OB>AB8 @01>B=8:>2 ><?0=88. 4.3.2. 708<>459AB285 A :>=B@035=B0<8 =0 @K=:5 B@C40, A ?><>ILN :>B>@KE ><?0=8O <>3;0 1K C4>2;5B2>@OBL A2>8 :04@>2K5 ?>B@51=>AB8. 4.3.3. =CB@8:>@?>@0B82=K5 >B=>H5=8O: ?5@53>2>@K > =09<5, 4803=>AB8G5A:85 8 ?@>D8;0:B8G5A:85 15A54K A A>B@C4=8:0<8 ><?0=88, A>AB02;5=85 ?;0=>2 :0@L5@K 8 8=48284C0;L=KE ?@>3@0<< >1CG5=8O A>B@C4=8:>2 ><?0=88. 5. B25BAB25==>ABL @8 8A?>;=5=88 >1O70==>AB59, ?@54CA<>B@5==KE 40==>9 4>;6=>ABLN, 8A?>;=8B5;L 55 =5A5B >B25BAB25==>ABL 70 =5A2>52@5<5==>5 8 =54>1@>:0G5AB25==>5 2K?>;=5=85 ?>@CG5==KE 5<C 7040=89 8 4>;6=>AB=KE >1O70==>AB59, 0 8<5==>: 5.1. 0 2KA>:CN B5:CG5ABL :04@>2 2 ><?0=88; 5.2. 0 =5A>>B25BAB285 @01>B=8:>2 ><?0=88 70=8<05<>9 4>;6=>AB8; 5.3. 0 =5C4>2;5B2>@8B5;L=K9 <>@0;L=>-?A8E>;>38G5A:89 :;8<0B 2 ?>4@0745;5=8OE ><?0=88; 5.4. 0 =87:CN MDD5:B82=>ABL 45OB5;L=>AB8 ?>4@0745;5=89 ><?0=88 8 >B45;L=KE A>B@C4=8:>2 (A>2<5AB=0O >B25BAB25==>ABL, =0@O4C A @C:>2>48B5;5< A>>B25BAB2CNI53> ?>4@0745;5=8O ><?0=88 ) ; 5.5. 0 2>7=8:0NI85 B@C4>2K5 A?>@K 8 :>=D;8:BK, 2KE>4OI85 70 ?@545;K 2=CB@8 :>@?>@0B82=>9 A@54K ><?0=88, 0 B0:65 2 A;CG05 ?5@540G8 8E @5H5=8O 2 AC451=K5 >@30=K. 6. >?>;=5=8O 8 87<5=5=8O !  :0:>9 ?C=:B 2=>A8BAO 87<5=5=85 >20O @540:F8O 0B0 87<5=5=8O 8F>, 2=5AH55 87<5=5=8O       / A>3;0A5= A 40==>9 4>;6=>AB=>9 8=AB@C:F859 0B0 ___________________________2004 3. @8;>65=85 !3.>;>65=85 > :04@>2>9 A;C615 2 :><?0=88 >AB>:-!5@28A ><?0=8O " >AB>:-!5@28A "  01.08.2004 !  :04@>2>9 A;C615 ?> @01>B5 A ?5@A>=0;>< #" . @57845=B ><?0=88 >;>2=52 . . (?>4?8AL) (D0<8;8O, 8=8F80;K) 01.08.2004 I. 1I85 ?>;>65=8O 1. 04@>20O A;C610 ?> @01>B5 A ?5@A>=0;>< (40;55 ?> B5:ABC !;C610) O2;O5BAO A0<>AB>OB5;L=K< AB@C:BC@=K< ?>4@0745;5=85< ><?0=88. 2. !;C610 A>7405BAO 8 ;8:2848@C5BAO ?@8:07>< @57845=B0 ><?0=88. 3. !;C610 ?>4G8=O5BAO =5?>A@54AB25==> @57845=BC ><?0=88. 4. !;C61C 2>73;02;O5B 0G0;L=8: :04@>2>9 A;C61K, =07=0G05<K9 =0 4>;6=>ABL ?@8:07>< @57845=B0 ><?0=88. 5.  A2>59 45OB5;L=>AB8 !;C610 @C:>2>4AB2C5BAO: " =0AB>OI8< >;>65=85<; " =>@<0B82=K<8, <5B>48G5A:8<8 8 8=AB@C:B82=K<8 0:B0<8, >?@545;5==K<8 459AB2CNI8< 70:>=>40B5;LAB2>< 8 ><?0=859. II. !B@C:BC@0 1. !B@C:BC@C 8 HB0B=CN G8A;5==>ABL !;C61K CB25@6405B @57845=B ><?0=88 ?> ?@54AB02;5=8N 0G0;L=8:0 :04@>2>9 A;C61K. 2. !;C610 ?> @01>B5 A ?5@A>=0;>< 8<55B 2 A2>5< A>AB025 A;54CNI85 AB@C:BC@=K5 548=8FK:  III. 040G8 A=>2=K5 7040G8, :>B>@K5 ><?0=8O AB028B ?5@54 :04@>2>9 A;C61>9 ?> @01>B5 A ?5@A>=0;><, A;54CNI85: 1. 15A?5G5=85 ><?0=88 :20;8D8F8@>20==K<8 8 >?KB=K<8 @01>B=8:0<8; 2. !>740=85 =5>1E>48<KE CA;>289 4;O MDD5:B82=>3> 8A?>;L7>20=8O ><?0=859 7=0=89, =02K:>2 8 >?KB0 55 @01>B=8:>2; 3. 07@01>B:0, 2=54@5=85 8 A>25@H5=AB2>20=85 A8AB5<K >?;0BK B@C40 8 <>B820F88 @01>B=8:>2 ><?0=88; 4. 07@01>B:0 8 >ACI5AB2;5=85 <5@>?@8OB89, =0?@02;5==KE =0 ?>2KH5=85 C4>2;5B2>@5==>AB8 B@C4>< 2A5E :0B53>@89 ?5@A>=0;0 ><?0=88; 5. 07@01>B:0, 2=54@5=85 8 >15A?5G5=85 <5@>?@8OB89, A?>A>1AB2CNI8E @0728B8N ?5@A>=0;0 ><?0=88 (B@5=8=38, >1CG0NI85 ?@>3@0<<K 8 B4); 6. $>@<8@>20=85 8 A>E@0=5=85 1;03>?@8OB=>3> <>@0;L=>-?A8E>;>38G5A:>3> :;8<0B0 2 :>;;5:B825 ><?0=88, D>@<8@>20=85 C A>B@C4=8:>2 548=>3> :>@?>@0B82=>3> ?>2545=8O, GC2AB20 A>?@8G0AB=>AB8 : 45;0< ><?0=88; 7. ACI5AB2;5=85 >F5=:8 ?5@A>=0;0 =0 @53C;O@=>9 >A=>25, C?@02;5=85 2=CB@5==8<8 ?5@5<5I5=8O<8 ?5@A>=0;0 8 :0@L5@>9 A>B@C4=8:>2 ><?0=88. 8. 07@01>B:0 8 M:A?5@B870 ?@54;>65=89 ?> A>25@H5=AB2>20=8N >@30=870F8>==>9 AB@C:BC@K ><?0=88, 55 HB0B=>3> @0A?8A0=8O, 4>;6=>AB=KE >1O70==>AB59 @01>B=8:>2, @53C;O@=0O 4803=>AB8:0 :04@>2>9 A8BC0F88 2 ?>4@0745;5=8OE, >B45;0E 8 2A?><>30B5;L=KE A;C610E ><?0=88. @8=F8?K @01>BK :04@>2>9 A;C61K ><?0=88 1. -DD5:B82=>ABL ?>41>@0 8 @0AAB0=>2:8 :04@>2 ><?0=88 >?@545;O5BAO ?> @57C;LB0B0< 5653>4=KE 0BB5AB0F89 ?5@A>=0;0 ><?0=88; 2. !8AB5<0 >?;0BK B@C40 8 <>B820F88 A>B@C4=8:>2 ><?0=88 =0E>48BAO 2 AB@>3>< A>>B25BAB288 A 8<5NI8<8AO 4>;6=>AB=K<8 >1O70==>ABO<8 @01>B=8:>2, :>=:C@5=B>A?>A>1=0 ?> >B=>H5=8N : 4@C38< D8@<0<, @01>B0NI8< =0 :;85=BA:8E @K=:0E ><?0=88, O2;O5BAO E>@>H> C?@02;O5<>9 8 GC2AB28B5;L=>9 : 87<5=5=8O<; 3. 07<5@ 2>7=03@0645=8O @01>B=8:>2 ><?0=88 >?@545;O5BAO @57C;LB0B0<8 8E 8=48284C0;L=>3> B@C40, 8AE>4O 87 MDD5:B82=>AB8 ?>4@0745;5=89, >B45;>2, A;C61 ><?0=88 2 F5;><; 4. 0728B85, >1CG5=85, ?5@5<5I5=85 8 ?>2KH5=85 @01>B=8:>2 ><?0=88 >ACI5AB2;O5BAO 2 AB@>3>< A>>B25BAB288 A @57C;LB0B0<8 8E B@C40, =5>1E>48<>ABL 40==KE ?@>F54C@ >?@545;O5BAO 8AE>4O 87 8=B5@5A>2 8 ?>B@51=>AB59 ><?0=88; 5. 0=OB>ABL 2 ><?0=88 A2O70=0 A ?>B@51=>ABO<8 55 187=5A0, >?@545;O5BAO 8AE>4O 87 A?>A>1=>AB59, >?KB0 8 :20;8D8:0F88 :064>3> @01>B=8:0 2 >B45;L=>AB8; 6. =48284C0;L=K5 ?@>1;5<K @01>B=8:>2 ><?0=88 8 :>=D;8:B=K5 A8BC0F88 2 :>;;5:B825 @5H0NBAO 1KAB@>, A?@0254;82> 8 MDD5:B82=>. IV. $C=:F88 A=>2=K<8 DC=:F8>=0;L=K<8 >1O70==>ABO<8 A>B@C4=8:>2 :04@>2>9 A;C61K O2;ONBAO : " 50;870F8O ?>B@51=>AB59 ><?0=88 2 >?KB=KE @01>B=8:0E A 2KA>:>9 :20;8D8:0F859: ?;0=8@>20=85 G8A;5==>AB8 8 :0G5AB25==>3> A>AB020 @01>B=8:>2; =01>@, 8=B5@2LN8@>20=85, B5AB8@>20=85; =09< =0 @01>BC 8 >D>@<;5=85 =5>1E>48<KE 4>:C<5=B>2. =0;87 @K=:0 B@C40, A?@>A0 8 ?@54;>65=8O @01>G59 A8;K, :20;8D8:0F8>==KE B@51>20=89, C@>2=O 70@01>B=KE ?;0B 2KA>:>:20;8D8F8@>20==KE <5=5465@>2 8 A?5F80;8AB>2, 8=D>@<8@>20=85 @57845=B0 :><?0=88 > B5:CI8E 87<5=5=8OE :>=JN=:BC@K @K=:0 B@C40. " !B8<C;8@>20=85 8 <>B820F8O ?5@A>=0;0 ><?0=88 : MDD5:B82=><C 8 :0G5AB25==><C B@C4C: 0=0;87 @01>G8E <5AB, >F5=:0 @57C;LB0B>2 45OB5;L=>AB8 @01>B=8:>2, @07@01>B:0 B@C4>2KE :>=B@0:B>2, @07@01>B:0 8 >ACI5AB2;5=85 8=48284C0;L=KE 8 3@C??>2KE AE5< >?;0BK B@C40 8 AB8<C;8@>20=8O @01>B=8:>2 ><?0=88, 2=54@5=85 D>@< <0B5@80;L=>3> 8 =5 <0B5@80;L=>3> AB8<C;8@>20=8O, ?>AB0=>2:0 8 2=54@5=85 MDD5:B82=>9 A8AB5<K <>B820F88. " 2865=85 8 @>B0F8O :04@>2: @5H5=85 2>?@>A>2 ?>2KH5=8O, ?>=865=8O, ?5@5<5I5=8O, ?5@5:20;8D8:0F88, C2>;L=5=8O @01>B=8:>2 ><?0=88. 07@01>B:0, 0=0;87 8 :>=B@>;L 8=48284C0;L=KE ?;0=>2 :0@L5@K A>B@C4=8:>2 ><?0=88. >@0;L=>-?A8E>;>38G5A:89 :;8<0B 2 :>;;5:B825 ><?0=88 8 :>@?>@0B82=0O :C;LBC@0: 87CG5=85 2=CB@8D8@<5==KE :><<C=8:0F89, 0=0;87 B@C4>2KE 8 A>F80;L=KE CA;>289 @01>B=8:>2, 2=54@5=85 M;5<5=B>2 :>@?>@0B82=>9 :C;LBC@K, @07@5H5=85 :>=D;8:B=KE A8BC0F89, >@30=870F8O :>@?>@0B82=KE <5@>?@8OB89 8 ?@074=8:>2, A>2<5AB=>3> >B4KE0 A>B@C4=8:>2 ><?0=88. 0728B85 8 >1CG5=85 ?5@A>=0;0: 2KO2;5=85 8 ?@>3=>78@>20=85 ?>B@51=>AB59 A>B@C4=8:>2 ><?0=88 2 >1CG5=88 8 ?>2KH5=88 :20;8D8:0F88, @07@01>B:0 8 @50;870F8O ?@>3@0<< >1CG5=8O 8 ?>2KH5=8O :20;8D8:0F88 4;O 2A5E :0B53>@89 @01>B=8:>2 ><?0=88. 04@>2>5 45;>?@>872>4AB2>: ?>43>B>2:0, @07@01>B:0, 2545=85 4>:C<5=B0F88 ?> :04@0<. >=AC;LB0F88 @57845=BC :><?0=88 8 <5=5465@0< A@54=53> 725=0 ><?0=88 ?> 2>7=8:0NI8< 2>?@>A0<, ?@>1;5<=K< A8BC0F8O< 2 E>45 >ACI5AB2;5=8O >A=>2=>3> 187=5A ?@>F5AA0 ><?0=88. 04@>20O M:A?5@B870 =>2KE 187=5A ?@>5:B>2. V. @020 B45; 8<55B ?@02>: 1. 0?@0H820BL 2 AB@C:BC@=KE ?>4@0745;5=8OE =5>1E>48<K5 40==K5 > @01>B=8:0E, 0 ?@8 ?@85<5 =0 @01>BC 8 ?5@5<5I5=8OE @01>B=8:>2 - <=5=85 @C:>2>48B5;59 A>>B25BAB2CNI8E AB@C:BC@=KE ?>4@0745;5=89. 2. >=B@>;8@>20BL 2 AB@C:BC@=KE ?>4@0745;5=8OE A>1;N45=85 2 >B=>H5=88 @01>B=8:>2 70:>=>40B5;LAB20 > B@C45, ?@54>AB02;5=85 CAB0=>2;5==KE ;L3>B 8 ?@58<CI5AB2. 3. 020BL @C:>2>48B5;O< AB@C:BC@=KE ?>4@0745;5=89 ><?0=88 >1O70B5;L=K5 4;O 8A?>;=5=8O C:070=8O ?> 2>?@>A0<, >B=>AOI8<AO : :><?5B5=F88 !;C61K. 4. "@51>20BL 8 ?>;CG0BL >B 2A5E AB@C:BC@=KE ?>4@0745;5=89 ><?0=88 A2545=8O, =5>1E>48<K5 4;O 2K?>;=5=8O 2>7;>65==KE =0 !;C61C 7040G. 5. !0<>AB>OB5;L=> 25AB8 ?5@5?8A:C ?> 2>?@>A0< ?>41>@0 :04@>2, 0 B0:65 ?> 4@C38< 2>?@>A0<, 2E>4OI8< 2 :><?5B5=F8N !;C61K 8 =5 B@51CNI8< A>3;0A>20=8O A ?@57845=B>< ><?0=88. 6. @54AB028B5;LAB2>20BL 2 CAB0=>2;5==>< ?>@O4:5 >B 8<5=8 ><?0=88 ?> 2>?@>A0<, >B=>AOI8<AO : :><?5B5=F88 !;C61K, 2> 2708<>>B=>H5=8OE A 3>AC40@AB25==K<8 8 <C=8F8?0;L=K<8 >@30=0<8, 0 B0:65 4@C38<8 ?@54?@8OB8O<8, >@30=870F8O<8, CG@5645=8O<8, 2 B>< G8A;5 035=BAB20<8 ?> =09<C 8 A;C610<8 70=OB>AB8. 7. 020BL @07JOA=5=8O, @5:><5=40F88 8 C:070=8O ?> 2>?@>A0<, 2E>4OI8< 2 :><?5B5=F8N A;C61K. 8. @>2>48BL A>25I0=8O 8 CG0AB2>20BL 2 A>25I0=8OE, ?@>2>48<KE 2 ><?0=88 ?> :04@>2K< 2>?@>A0<. VI. 708<>>B=>H5=8O (A;C651=K5 A2O78) :>=G0B5;L=>5 @5H5=85 B>3> 8;8 8=>3> :04@>2>3> 2>?@>A0, ?@>1;5<=>9 A8BC0F88, 0 B0:65 <5E0=87<K :>=B@>;O 70 8A?>;=5=85< ?@8=OB>3> :04@>2>3> @5H5=8O, O2;ONBAO ?@5@>30B82>9 @57845=B0 ><?0=88. !>B@C4=8:8 :04@>2>9 A;C61K ?@8 2K?>;=5=88 ?>AB02;5==KE ?5@54 =8<8 7040G =0E>4OBAO 2 B5A=>< 2708<>459AB288 A @C:>2>48B5;O<8 A@54=53> 725=0 ><?0=88, @C:>2>48B5;O<8 >B45;>2 8 2A?><>30B5;L=KE ?>4@0745;5=89. C:>2>48B5;8 A@54=53> 725=0, ?@8 8A?>;=5=88 A>B@C4=8:0<8 >B45;0 ?> @01>B5 A ?5@A>=0;>< A2>8E =5?>A@54AB25==KE >1O70==>AB59 >1O70=K ?@54>AB028BL ?>A;54=8< 2AN =5>1E>48<CN 8=D>@<0F8N, 4>AB0B>G=CN 4;O @5H5=8O 7040G8, AB>OI59 ?5@54 A>B@C4=8:>< >B45;0 ?> @01>B5 A ?5@A>=0;><. VI. @8>@8B5BK 0AB>OI55 >;>65=85 CAB0=02;8205B A;54CNI89 ?>@O4>: ?@8>@8B5B=>AB8 3>;>A>2 0G0;L=8:0 :04@>2>9 A;C61K 8 >AB0;L=KE @C:>2>48B5;59 ><?0=88 2 A8BC0F88 >1AC645=8O @57845=B>< ><?0=88 :04@>2>3> @5H5=8O (2>?@>AK =09<0 =>2>3> A>B@C4=8:0, 42865=8O 8;8 C2>;L=5=8O C65 8<5NI53>AO ?5@A>=0;0): " @8 >1AC645=88 :04@>2>3> @5H5=8O =0 C@>2=5 =0G0;L=8:>2 :;NG52KE >B45;>2, =5?>A@54AB25==> @01>B0NI8E A :;85=B>< ?>B@518B5;5< ?@>4C:F89 B>20@0 ><?0=88, <=5=85 @C:>2>48B5;O A@54=53> 725=0 1>;55 7=0G8<>, G5< <=5=85 =0G0;L=8:0 :04@>2>9 A;C61K. " @8 >1AC645=88 :04@>2>3> @5H5=8O >B=>A8B5;L=> A>B@C4=8:>2 :;NG52KE >B45;>2, @C:>2>48B5;59 8 A>B@C4=8:>2 2A?><>30B5;L=KE ?>4@0745;5=89 ><?0=88, 48@5:B>@>2 <03078=>2, <5=5465@>2 ?> ?@>4060<, >1A;C6820NI53> ?5@A>=0;0 >D8A0 <=5=85 =0G0;L=8:0 :04@>2>9 A;C61K O2;O5BAO 1>;55 7=0G8<K<, G5< <=5=85 >AB0;L=KE @C:>2>48B5;59 ><?0=88. " :>=G0B5;L=>5 @5H5=85 :04@>2>3> 2>?@>A0, ?@>1;5<=>9 A8BC0F88, 0 B0:65 <5E0=87<K :>=B@>;O 70 8A?>;=5=85< ?@8=OB>3> :04@>2>3> @5H5=8O, O2;ONBAO ?@5@>30B82>9 @57845=B0 ><?0=88. VIII. B25BAB25==>ABL 1. B25BAB25==>ABL 70 =04;560I55 8 A2>52@5<5==>5 2K?>;=5=85 !;C61>9 DC=:F89, ?@54CA<>B@5==KE =0AB>OI8< >;>65=85<, =5A5B 0G0;L=8: :04@>2>9 A;C61K. 2. 0 0G0;L=8:0 :04@>2>9 A;C61K 2>7;0305BAO ?5@A>=0;L=0O >B25BAB25==>ABL 70: 2.1. @30=870F8N 45OB5;L=>AB8 !;C61K ?> 2K?>;=5=8N 7040G 8 DC=:F89, 2>7;>65==KE =0 >B45;. 2.2. @30=870F8N 2 A;C615 >?5@0B82=>9 8 :0G5AB25==>9 ?>43>B>2:8 8 8A?>;=5=8O 4>:C<5=B>2, 2545=85 45;>?@>872>4AB20 2 A>>B25BAB288 A 459AB2CNI8<8 ?@028;0<8 8 8=AB@C:F8O<8. 2.3. !>1;N45=85 A>B@C4=8:0<8 A;C61K B@C4>2>9 8 ?@>872>4AB25==>9 48AF8?;8=K. 2.4. 15A?5G5=85 A>E@0==>AB8 8<CI5AB20, =0E>4OI53>AO 2 >B45;5, 8 A>1;N45=85 ?@028; ?>60@=>9 157>?0A=>AB8. 2.5. >41>@, @0AAB0=>2:C 8 45OB5;L=>ABL A>B@C4=8:>2 !;C61K. 2.6. !>>B25BAB285 459AB2CNI5<C 70:>=>40B5;LAB2C 2878@C5<KE (?>4?8AK205<KE) 8< ?@>5:B>2 ?@8:07>2, 8=AB@C:F89, ?>;>65=89, ?>AB0=>2;5=89 8 4@C38E 4>:C<5=B>2. 3. !>B@C4=8:8 :04@>2>9 A;C61K ?@8 >F5=:5 45;>2KE :0G5AB2 @01>B=8:>2 ><?0=88 >1O70=K 8AE>48BL B>;L:> 87 >D8F80;L=> ?>;CG5==KE 40==KE 8 <0B5@80;>2 8 =5 2?@025 @073;0H0BL 8<5NI85AO 40==K5 > ;8G=>9 687=8 @01>B=8:>2. 4. B25BAB25==>ABL A>B@C4=8:>2 :04@>2>9 A;C61K CAB0=02;8205BAO 8E 4>;6=>AB=K<8 8=AB@C:F8O<8. @8;>65=85 !4. >;>65=85 > ?>@O4:5 ?@>2545=8O :>=:C@A0 <5=5465@>2 ?> ?@>4060< 2 :><?0=88 >AB>:-!5@28A  > ?>@O4:5 ?@>2545=8O :>=:C@A0 <5=5465@>2 ?> ?@>4060< &5;L :>=:C@A0. 1. >@0;L=0O 8 <0B5@80;L=0O <>B820F8O <5=5465@>2 ?> ?@>4060< =0 C;CGH5=85 :0G5AB20 >1A;C6820=8O ?>:C?0B5;59 8 C25;8G5=85 >1J5<0 ?@>406. 2. #25;8G5=85 AB060 @01>BK 2 ><?0=88 :20;8D8F8@>20==KE <5=5465@>2 ?> ?@>4060<. 040G8 :>=:C@A0. 1. 65<5AOG=0O >F5=:0 :0G5AB20 8 @57C;LB0B>2 @01>BK ?@>402F>2 :>=AC;LB0=B>2. 2. 1J5:B82=>5 8 45B0;878@>20==>5 ?>42545=85 8B>3>2 A57>=0. #A;>28O CG0AB8O 2 :>=:C@A5. 1. BACBAB285 48AF8?;8=0@=KE 27KA:0=89. F5=8205<K9 ?5@8>4. 1 MB0?. 064K9 :0;5=40@=K9 <5AOF 2 B5G5=85 A57>=0. 2 MB0?. >42545=85 8B>3>2 A57>=0. F5=8205<K5 :><?5B5=F88. F5=820NBAO ?@>D5AA8>=0;L=K5 :0G5AB20, 4>AB>9=K5 ?>>I@5=8O 8 =5 CG8BK20NI85AO ?@8 @0AG5B5 70@01>B=>9 ?;0BK 8 ?@5<88. ><8=0F88. 1. 0AB5@ ?@>406 2. >@>;L 0:A5AAC0@>2 * 3. 5D>@<0;L=K9 ;845@ 4. 5=5465@ ?> ?@>4060< - ;8F> ><?0=88 @8B5@88 8 <5B>4K >F5=:8. ><8=0F8O !1. 0AB5@ ?@>406 0:A8<0;L=>5 :>;8G5AB2> 548=8F ?@>40==KE 8745;89 70 ?5@8>4 (=5 2:;NG0O 0:A5AAC0@K). ><8=0F8O !2. >@>;L 0:A5AAC0@>2 0:A8<0;L=>5 :>;8G5AB2> 548=8F ?@>40==KE 0:A5AAC0@>2. ><8=0F8O !3. 5D>@<0;L=K9 ;845@ F5=8205BAO C<5=85 @01>B0BL 2 :><0=45, ;845@A:85 :0G5AB20, GC2AB2> B>20@8I5AB20, ?@>D5AA8>=0;87<, >B25BAB25==>ABL. >1548B5;L >?@545;O5BAO 0=>=8<=K< 3>;>A>20=85< 2A5E ?@>402F>2 8 ?@>402F>2-:0AA8@>2 <03078=0 A >B@K2>< >B :>=:C@5=B>2 =5 <5=55 B@5E 3>;>A>2. ><8=0F8O !4. 5=5465@ ?> ?@>4060< - ;8F> ><?0=88 F5=8205BAO 4>1@>65;0B5;L=>ABL, 2=8<0=85 : :064><C ?>:C?0B5;N. >1548B5;L >?@545;O5BAO ?> 8B>30< 0=>=8<=>9 ?@>25@:8. >42545=85 @57C;LB0B>2 ?> 8B>30< :064>3> <5AOF0. 1. 65<5AOG=> ?>1548B5;8 >?@545;ONBAO ?> :064><C <03078=C >B45;L=>. 2. >1548B5;O< ?> 8B>30< <5AOF0 2@CG0NBAO 3@0<>BK A C:070=85< =><8=0F88. >42545=85 @57C;LB0B>2 :>=:C@A0. 1.  :>=F5 A57>=0 ?>1548B5;8 :>=:C@A0 >?@545;ONBAO A@548 <5=5465@>2 ?> ?@>4060< 2A59 A5B8 <03078=>2 ><?0=88 >B45;L=> ?> :064>9 =><8=0F88 ?CB5< ?>4AG5B0 <0:A8<0;L=>3> :>;8G5AB20 2@CG5==KE 3@0<>B 2 A>>B25BAB2CNI59 =><8=0F88. 2. >42545=85 @57C;LB0B>2 ?@>E>48B ?> ?OB8 =><8=0F8O<: - 0AB5@ ?@>406 - >@>;L 0:A5AAC0@>2 - 5D>@<0;L=K9 ;845@ - 5=5465@ ?> ?@>4060< - ;8F> ><?0=88 3.  :064>9 =><8=0F88 >?@545;ONBAO B@8 ?>1548B5;O (I, II, III <5AB0) 03@0645=85. 1. 03@0645=85 A>AB>8BAO 2 >D8A5 ><?0=88 2 B>@65AB25==>9 >1AB0=>2:5. 2. >1548B5;8 :>=:C@A0, 70=O2H85 I <5AB>, =03@0640NBAO ?>G5B=K<8 3@0<>B0<8 8 45=56=K<8 ?@870<8 2 @07<5@5 15 000 @C1;59. 3. >1548B5;8 :>=:C@A0, 70=O2H85 II <5AB>, =03@0640NBAO ?>G5B=K<8 3@0<>B0<8 8 45=56=K<8 ?@870<8 2 @07<5@5 9 000 @C1;59. 4. >1548B5;8 :>=:C@A0, 70=O2H85 III <5AB>, =03@0640NBAO ?>G5B=K<8 3@0<>B0<8 8 45=56=K<8 ?@870<8 2 @07<5@5 6 000 @C1;59. * !?8A>: 0:A5AAC0@>2: 59A1>;:0, @0A;5B, @5;>:, 06830;:0, 0:>;:0, >H5;5:, >A:8, G:8, 5@G0B:8, ;0B>:, !C<:0, #:@0H5=8O, (0?:0, (0@D. @8;>65=85 !5. "015;L > @0=30E :><?0=88 >AB>:-!5@28A ! ?/?08<5=>20=85 4>;6=>AB8:;04!@>: ?@51K20=8O 2 4>;6=>AB8#A;>28O ?>2KH5=8O 2 4>;6=>AB81.0G0;L=8: >B45;0 A1KB016000((?>AB.) + 4000 (?5@5<.) G0AB8)5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB8.20G0;L=8: @538>=0;L=>3> C?@02;5=8O16000((?>AB.) + 4000 (?5@5<.) G0AB8)5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB8.30G0;L=8: >B45;0 <0B5@80;L=>-B5E=8G5A:>3> >15A?5G5=8O12000((?>AB.) + 3000 (?5@5<.) G0AB8)5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB8.40G0;L=8: >B45;0 70:C?>:12000((?>AB.) + 3000 (?5@5<.) G0AB8)5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB8.50G0;L=8: B5E=8G5A:>3> >B45;012000((?>AB.) + 3000 (?5@5<.) G0AB8)5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB8.60G0;L=8: 0=0;8B8G5A:>3> >B45;015000((?>AB.) + 3000 (?5@5<.) G0AB8)5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB8.7;02=K9 1CE30;B5@5@A>=0;L=>5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB880G0;L=8: 04@>2>9 A;C61K5@A>=0;L=>5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB8.9><>I=8: @57845=B05@A>=0;L=>5 ;8<8B8@>20=@>E>645=85 0BB5AB0F88 8 A>15A54>20=8O =0 A>8A:0=85 2KH5AB>OI59 4>;6=>AB8.10@57845=B :><?0=885@A>=0;L=>5 ;8<8B8@>20=@57845=B ><?0=88 .. >;>2=52 @8;>65=85 !6.#A;>28O ?@5<8@>20=8O >A=>2=>3> A>AB020 A>B@C4=8:>2 :><?0=88 1.;O @50;870F88 F5;59 ?@5<8@>20=8O =0 ?@54?@8OB88 A>740NBAO: - ?@5<80;L=K9 D>=4 (?> 565:20@B0;L=K< 8B>30<); - :><8AA8>==K9 ?@5<80;L=K9 D>=4 (4;O 565<5AOG=>3> 8 ?> >B45;L=K< A45;:0< ?@5<8@>20=8O). 2. 1J5< ?@5<80;L=>3> D>=40 >?@545;O5BAO @57845=B>< :><?0=88. 3. @5<8O ?> 8B>30< @01>BK 70 :20@B0; 2K?;0G8205BAO 2 @07<5@5 4> 40% >B >:;040 A?5F80;8AB0 ?> ?@54AB02;5=8N =0G0;L=8:0 >B45;0 ?@8 CA?5H=>< 2K?>;=5=88 >B45;>< ?;0=0 8 ?>;CG5=88 ?@54?@8OB85< A>>B25BAB2CNI59 ?@81K;8. 4. A=>20=85< 4;O 2K?;0BK ?@5<88 >?@545;8BL: 0)48AF8?;8=8@>20==>ABL  15% 1) 2K?>;=5=85 @0A?>@O65=89, 7040=89 @C:>2>48B5;O >B45;0  10% 2) 2K?>;=5=85 8=48284C0;L=>3> ?;0=0 @01>BK  15% 3) 8A?>;=5=85 DC=:F8>=0;L=KE >1O70==>AB59 2 A>>B25BAB288 A >;6=>AB=>9 8=AB@C:F859 - 10%. 5. 1J5< 565<5AOG=>3> :><8AA8>==>3> ?@5<80;L=>3> D>=40 (70 ?5@52K?>;=5=85 ?;0=>2KE 7040=89) CAB0=02;8205BAO 2 @07<5@5 4% >B 20;>2>9 ?@81K;8 >B45;>2 ?@54?@8OB8O. 6. @8 CA?5H=>< 2K?>;=5=88 >B45;0<8 ?;0=0 8 ?>;CG5=88 ?@54?@8OB85< A>>B25BAB2CNI59 ?@81K;8 AC<<0 :><8AA8>==>3> ?@5<80;L=>3> D>=40 45;8BAO ?>@>2=C <564C >B45;0<8 =5?>A@54AB25==> CG0AB2CNI8<8 (A CG0AB85< 8;8 157 CG0AB8O >B45;0 70:C?>:) 2 2K?>;=5=88 70:07>2 (A45;>:). 7. 0G0;L=8: >B45;0 >?@545;O5B @07<5@ ?@5<88 :064><C A>B@C4=8:C, 8AE>4O 87 >1J5<0 ?@>2545==KE 70:C?>:, ?@>406 8 >1J5<0 ?>;CG5==>9 ?@8 MB>< ?@81K;8. 8. 1J5< :><8AA8>==>3> ?@5<80;L=>3> D>=40 ?> >B45;L=K< A45;:0< CAB0=02;8205BAO 2 @07<5@5 4% >B 20;>2>9 ?@81K;8, ?>;CG5==>9 ?> A45;:0< 8 1>;LH8< 70:070<. > @5H5=8N @C:>2>4AB20 ?@5<80;L=K9 D>=4 ?> >B45;L=K< A45;:0< <>65B 1KBL C25;8G5= 4> 10%. 9. ><8AA8>==0O ?@5<8O ?> @57C;LB0B0< >B45;L=KE A45;>: 2 @07<5@5 4% 2K?;0G8205BAO: - 70 A45;:8 A =>2K<8 ?>B@518B5;O<8; - ?> ?>;CG5==K< ;8G=> 8 2K?>;=5==K< A>B@C4=8:>< 1>;LH8< (1>;55 2-E <;=. @C1.) 70:070< >B ?>AB>O==KE ?>B@518B5;59. @57845=B ><?0=88 .. >;>2=52 @8;>65=85 !7.>;>65=8O > A8AB5<5 :><?5=A0F89 2 :><?0=88 >AB>:-!5@28A 1. 1I85 ?>;>65=8O 1.1. 0AB>OI55 ?>;>65=85 @53;0<5=B8@C5B ?>@O4>: >?@545;5=8O, 2K?;0BK 8 8=45:A0F88 70@01>B=>9 ?;0BK 8 4@C38E :><?5=A0F89, 0 B0: 65 A8AB5<C HB@0D>2 8 27KA:0=89, =0:;04K205<KE =0 A>B@C4=8:0 1.2. 5@5G5=L 2K?;0B, >B=>AOI8EAO : :><?5=A0F8O<: 1.2.1. 0@01>B=0O ?;0B0 (2:;NG0O 4>?;0BK, ?@5<88 8 8=K5 2>7=03@0645=8O). 1.2.2. ><?5=A0F88 70 8A?>;L7>20=85 ;8G=>3> B@0=A?>@B0 (0@5=4=K5 >B=>H5=8O). 1.2.3. ><?5=A0F88 70 8A?>;L7>20=85 ;8G=KE A@54AB2 A2O78. 1.2.4. >;>:> 8;8 70<5=ONI85 ?@>4C:BK (?@8 @01>B5 2> 2@54=KE CA;>28OE). 1.2.5. ><?5=A0F88 =0 ;5G5=85, ?CB52:8 2 A0=0B>@88 8 B.?. 1.2.6. ?;0B0 1>;L=8G=KE ;8AB>2. 1.2.7. ?;0B0 >B?CA:=KE. 1.2.8. ><?5=A0F8O B@0=A?>@B=KE @0AE>4>2. 1.2.9. ><?5=A0F8O 70B@0B =0 68;L5 (2 A;CG05 ?5@55740). 1.2.10. ><?5=A0F8O ?@54AB028B5;LA:8E @0AE>4>2. 1.2.11. =K5 :><?5=A0F88, ?@54AB02;O5<K5 ?> @5H5=8N @C:>2>4AB20 :><?0=88. 1.3. 5=L ?;0B5659 ?> ?>4@0745;5=8O< >?@545;O5BAO =0 >A=>20=88 CB25@645==>3> 3@0D8:0 ?;0B5659. 2. >@O4>: >?@545;5=8O @07<5@0 70@01>B=>9 ?;0BK 8 :><?5=A0F89 2.1. @8 >B:@KB88 20:0=A88 (22545=88 =>2>9 4>;6=>AB8 2 HB0B=>5 @0A?8A0=85), ?@>872>48BAO @0=68@>20=85 A>3;0A=> ?@8=F8?0< @0=68@>20=8O, ?@8=OBK< 2 E>;48=35. C:>2>48B5;L ?>4@0745;5=8O ?> A>3;0A>20=8N A 0G0;L=8:>< :04@>2>9 A;C61K 2=>A8B =0 CB25@645=85 @07<5@ 70@01>B=>9 ?;0BK 2 2845 28;:8 A 45;LB>9 2 @07<5@5 30%. 2.2. >@O4>: CB25@645=8O @07<5@0 70@01>B=>9 ?;0BK @53;0<5=B8@C5BAO :04@>2>9 ?@>F54C@>9 "=5A5=85 87<5=5=89 2 HB0B=>5 @0A?8A0=85". 3. >@O4>: 2K?;0BK 70@01>B=>9 ?;0BK 8 :><?5=A0F89 3.1. K?;0B0 :><?5=A0F89 ?@>872>4OBAO 420 @070 2 <5AOF  020=A>2K5 ?;0B568 1-5 G8A;0 :064>3> <5AOF0 8 @0AG5B=K5 ?;0B568 15-20 G8A;0. 3.2. 0@01>B=0O ?;0B0 8 :><?5=A0F88 2K?;0G820NBAO 2 @C1;OE. 3>2>@5==0O 70@01>B=0O ?;0B0 2 4>;;0@0E !( 8 :><?5=A0F88 D8:A8@CNBAO 2 @C1;52>< M:2820;5=B5 =0 45=L ?@85<0 A>B@C4=8:0 =0 @01>BC. 3.3.  A@>: 020=A>2KE ?;0B5659 A>B@C4=8:C 2K?;0G8205BAO 30% >B AC<< ?@8G8B0NI8EAO : 2K40G5, 2 A@>:8 @0AG5B=KE ?;0B5659 2K?;0G820NBAO >AB0;L=K5 70% C:070==KE AC<<. 3.4. ><?5=A0F88 2 =0BC@0;L=>9 D>@<5 (<>;>:>, <>;>:>?@>4C:BK 8 B.4.) 2K40NBAO A>B@C4=8:0< A>3;0A=> >B45;L=> CB25@645==>3> 3@0D8:0. 4. >@O4>: 8=45:A0F88 70@01>B=>9 ?;0BK 8 :><?5=A0F89. 4.1. 07<5@ 70@01>B=>9 ?;0BK ?@82O70= : :C@AC 4>;;0@0 !(, >4=0:>, 8=45:A8@C5BAO 2 A;CG05 5A;8: 4.1.1. @8 70@01>B=>9 ?;0B5 4> 600 4>;;0@>2 !( @07=8F0 =0G8A;O5<>9 8 @0AG5B=>9 AC<< 2 @C1;OE A>AB02;O5B 500 8 1>;55 @C1;59. 4.1.2. @8 70@01>B=>9 ?;0B5 A2KH5 600 4>;;0@>2 !( @07=8F0 =0G8A;O5<>9 8 @0AG5B=>9 AC<< A>AB02;O5B 1000 8 1>;55 @C1;59. 4.2. 0@01>B=0O ?;0B0 <>65B 8=45:A8@>20BLAO 8 2 4@C38E A;CG0OE  ?> 8=8F80B825 =5?>A@54AB25==>3> @C:>2>48B5;O A>B@C4=8:0. 4.3.  A;CG05 A5@L57=KE 87<5=5=89 =0 @K=:5 B@C40 A;C610 ?5@A>=0;0 ?@>2>48B <0@:5B8=3>2K5 8AA;54>20=8O 8 ?@54AB02;O5B @C:>2>4AB2C :><?0=88 ?@>5:B 8=45:A0F88 70@01>B=KE ?;0B A>B@C4=8:>2, 2 >B=>H5=88 A?5F80;L=>AB59 :>B>@KE ?@>87>H;8 87<5=5=8O =0 @K=:5 B@C40.     PAGE  PAGE 45 A=>2=K5 ?0@0<5B@K @01>BK A=>2=K5 ?A8E>;>38G5A:85 A>AB>O=8O ?@545;5==>ABL @01>BK =0G5=85 @01>BK 02B>=><=>ABL 1@0B=0O A2O7L ICI5=85 206=>AB8 @01>BK ICI5=85 >B25BAB25==>AB8 70 @57C;LB0BK @01>BK >@4>ABL 70 CA?5H=>5 7025@H5=85 @01>BK #A8;82H0OAO ?>B@51=>ABL ?5@A>=0;0 2 @>AB5 KA>:0O 2=CB@5==OO @01>G0O <>B820F8O KA>:>5 :0G5AB2> 2K?>;=5=8O @01>BK KA>:0O AB5?5=L C4>2;5B2>@5=8O 2 @01>B5 0;>5 :>;8G5AB2> ?@>3C;>2 8 =87:0O B5:CG5ABL :04@>2 07=>>1@0785 C<5=89 8 =02K:>2 >B820F8O @01>B=8:0 8 55 ?>A;54AB28O 4;O @01>BK >B@51=>AB8 (=54>AB0B>: ) ;;81>) >1C645=8O 8;8 <>B82K >2545=85 ( 459AB285) 57C;LB0B (F5;L) >;=>5 C4>2;5B2>@5=85 '0AB8G=>5 C4>2;5B2>@5=85 BACBAB285 C4>2;5B2>@5=8O >B@51=>ABL @5420@8B5;L=>5 ?@8=OB85 AB8<C;0 8 >1@07>20=85 =5 0:BC0;878@>20==>3> <>B820 >3=8B82=K9 @0F8>=0;L=>->F5=>G=K9 ?@>F5AA F5=:0, 1>@L10 8 >B1>@ <>B82>2 5?@8OB85 AB8<C;0 >A?@8OB85 AB8<C;0 @8BO70=8O, >6840=8O #AB0=>2:0 >78B82=0O 530B82=0O :BC0;878@>20==K9 <>B82 , F5;L 5 0:BC0;878@>- 20==K5 <>B82K :BC0;878@>20==K9 <>B82, F5;L >2545=85 >2545=85 >=A5@20F8O 8;8 >BB>@65=85 <>B820 !@54AB20 C?@02;5=8O <>B820F859 ?5@A>=0;0 @30=870F8>==>-04<8=8AB@0B82=K5 -:>=><8G5A:85 !>F80;L=>-?A8E>;>38G5A:85 @8<5=5=85 ?>;>65=89 "@C4>2>3> :>45:A0 $ 740=85 ?@8:07>2, @0A?>@O65=89, 8=AB@C:B82=>-=>@<0B82=KE 4>:C<5=B>2 BB5AB0F8O @01>B=8:>2 !>AB02;5=85 4>;6=>AB=KE 8=AB@C:F89 01;N45=85 70 A>1;N45=85< ?@028; 2=CB@5==53> @0A?>@O4:0 @5<8@>20=85 #G0AB85 2 ?@81K;8 >=CAK ><8AA8>==K5 A ?@>406 >?>;=8B5;L=K5 ;L3>BK 48=>2@5<5==K5 2K?;0BK 04102:8 >@0;L=>5 AB8<C;8@>20=85 #G0AB85 2 C?@02;5=88 B=>H5=85 @C:>2>4AB20 $>@<0;L=>5 8 =5D>@<0;L=>5 >1I5=85 @>D5AA8>=0;L=K9 @>AB 8 :0@L5@0 !>F80;L=>5 @0728B85 :>;;5:B820 $>@<8@>20=85 :>@?>@0B82=>3> 4CE0 -AB5B8:0 CA;>289 B@C40 04@>20O A;C610 5=5465@ ?> ?>41>@C ?5@A>=0;0 ( 1 G5;.) 5=5465@ ?> :04@>2K< 2>?@>A0< (2 G5;.) "&/ 5=5465@ 0G0;L=8: A;C61K :04@>2 " ,/ " ,/ ><?5=A0F8>=-=0O A8AB5<0 @0=68@>20=85 ?5@A>=0;0 "0@8D=>-@07@O4=0O A8AB5<0 A>@52=>20=85 >@?>@0B82=0O :C;LBC-@0 !@54AB20 :><<C=8:0F88 !>F80;L=0O ?>;8B8:0 @57845=B :><?0=88 >=B@>;L=>- @52878>==>5 C?@02;5=85 04@>20O A;C610 5?0@B0<5=B !1KB0 B45; B>@3>2>3> <0@:5B8=30 B45; !1KB0 B45; :>@?>@0B82=KE ?@>406 #?@02;5=85 <0@:5B8=30 8 @5:;0<K #?@02;5=85 @>7=8G=>9 B>@3>2;8 @>872>4AB25==K9 5?0@B0<5=B B45; <0B5@80;L=>-B5E=8G5A:>3> >15A?5G5=8O $8=0=A>2K9 >B45; ;0=>2K9 >B45; B45; A5@B8D8:0F88 8 :0G5AB20 (259=K9 >B45; 1C2=>9 >B45; B45; 70:C?>: 538>=0;L=>5 C?@02;5=85 $8=0=A>2K9 5?0@B0<5=B =0;8B8G5A:89 >B45; B45; 1CE30;B5@A:>3> CG5B0 .@848G5A:89 >B45; B45; :>@?>@0B82=>3> ?;0=8@>20=8O 8 0=0;870 "5E=8G5A:89 >B45; B45; @07@01>B:8 ?@>3@0<< !:;04A:>9 :><?;5:A CE30;B5@8O "@0=A?>@B=K9 >B45; !:;04K 0G0;L=8: A;C61K :04@>2 5=5465@ 5=5465@ ?> :04@>2K< 2>?@>A0< (2 G5;.) 5=5465@ ?> ?>41>@C ?5@A>=0;0 ( 1 G5;.) 04@>20O A;C610 pppp }^}~`\BX^ŠȊ(j>@8ęș R\`dؚ`jnr8BFJ<ļļļļļļļļļļļļļļļļļļļļļļļļhReCJaJhReB*CJaJphhJhRe6]$jhRe6CJU]mHnHuhReB*phhRe hRe6]JD؋ҍp(̑F>fhvʗ8 N^N`` ` h`8VșFkdP$$If(@F0Y$7     4 (aXp$$-D7$8$H$IfM a$$-D7$8$H$IfM `$a$$a$ș  VZUkdQ$$If( F0Y$7     4 (aXp$-D7$8$H$IfM $-D7$8$H$IfM `Z\dhhU$-D7$8$H$IfM $-D7$8$H$IfM `kdR$$If( F0Y$7     4 (aXpܚhhU$-D7$8$H$IfM $-D7$8$H$IfM `kdS$$If(F0Y$7     4 (aXpdhhhU$-D7$8$H$IfM $-D7$8$H$IfM `kdkT$$If(*F0Y$7     4 (aXphjrhhU$-D7$8$H$IfM $-D7$8$H$IfM `kdKU$$If(-F0Y$7     4 (aXphhU$-D7$8$H$IfM $-D7$8$H$IfM `kd+V$$If(F0Y$7     4 (aXp<@hhU$-D7$8$H$IfM $-D7$8$H$IfM `kd W$$If( F0Y$7     4 (aXp@BJhhU$-D7$8$H$IfM $-D7$8$H$IfM `kdW$$If( F0Y$7     4 (aXphhU$-D7$8$H$IfM $-D7$8$H$IfM `kdX$$If(F0Y$7     4 (aXp@DhhU$-D7$8$H$IfM $-D7$8$H$IfM `kdY$$If(*F0Y$7     4 (aXpDFPhhU$-D7$8$H$IfM $-D7$8$H$IfM `kdZ$$If(F0Y$7     4 (aXp<FLPҝܝ8BHLr|Ԟޞ T^ʠΠ2̢΢<>rvxz~*.HJdhln "$X\ hReCJ hRe6]hRemH sH hRehReB*CJaJphhReCJaJS֝ڝhhU$-D7$8$H$IfM $-D7$8$H$IfM `kdk[$$If(3F0Y$7     4 (aXpڝܝ<@hhU$-D7$8$H$IfM $-D7$8$H$IfM `kdK\$$If(*F0Y$7     4 (aXp@BLvzhhU$-D7$8$H$IfM $-D7$8$H$IfM `kd+]$$If(F0Y$7     4 (aXpz|؞ܞhhU$-D7$8$H$IfM $-D7$8$H$IfM `kd ^$$If(*F0Y$7     4 (aXpܞޞhhU$-D7$8$H$IfM $-D7$8$H$IfM `kd^$$If(F0Y$7     4 (aXpX\hhU$-D7$8$H$IfM $-D7$8$H$IfM `kd_$$If( F0Y$7     4 (aXp\^`ҟܠ2P΢}}}}xs\\\$-D7$8$H$IfM `$a$$a$kd`$$If(3F0Y$7     4 (aXp >tvzG11$$-D7$8$H$IfM a$kda$$If(\\ P#   ((4 (aضhJhRe6]hJhReaJ hReaJhRe6]aJ hRe6]hRehRemH sH hReCJaJhReB*CJaJphHΥХ֥J~^GGGG$-D7$8$H$IfM `kde$$If(F\\ P#   ((4 (a;;<\=`>?DAbA$a$ E$`` h`bAAAB2B4B8B^$If $If`nkd.$$Ifl0"%W7 0%4 la^`bv~Tbppr$a$$a$`lkdĂ$$Ifl0"%W7 0%4 la0@BDF^`nprt~̉Ή  .0:<@FLPnpŠĊƊԊފ *,BD\^jlvxz|ƋȋދhRe hReo(a,.:<HLbdz~ČʌΌԌ֌  "$0246XZnpxȍʍԍ֍؍ڍ,.@P`bfhtvzƎȎʎ̎ڎ܎ hReo(hReb :>HLXZhjlnz~ȏʏ֏؏ڏ܏$8<JL`bdfnrĐƐؐڐ,.BDNZpr‘đޑ.046<>NP\ hReo(hReb\hvxĒʒҒԒܒޒ  $&06<@^`z|ԓ֓ $&(*.0@BLNXZhnnr hJhRehReOJQJ^JaJ hReCJ hRe6] hReo(hReQrȕB @uo$IfkdV$$IflF >$U U U 0    4 la $If`  $z6 }}{r}}}}l}}`([$\$kd$$IflF >$U U U 0    4 la ʫ< jLl2`\ػt"dNb` h`^`b*vLr F&b0`$$`6DTbNHNFH"1$7$8$`*02>@DF "46VnZ~Ը{ss{sshReCJaJ)hRe5B*CJOJQJ\^JaJph#hReB*CJOJQJ^JaJphhJhRe5\hJhRe5\aJhRe5\aJ$jhRe5CJU\mHnHu hRe5\ hm5\ hJhRehRemH sH hRehJhRemH sH -H^`bdfhjlnprtvxz|~ $$`a$$&(*,.0248:<>@BDFHJLNPRTV$`a$Z$d&     $-D7$8$H$IfM `$-D7$8$H$M a$-D7$8$H$M PXZ"$bd$&            " *     @ F \ d     $+hReB*CJOJQJ^JaJmH phsH hReCJOJQJ^JhReCJaJ)hRe5B*CJOJQJ\^JaJph#hReB*CJOJQJ^JaJph)hRe5B*CJOJQJ\^JaJph#hReB*CJOJQJ^JaJphhReCJaJ2   & *  ss$-D7$8$H$IfM `bkdn$$If(0* D$*  4 (a(p$-D7$8$H$IfM     D p$-D7$8$H$IfM $-D7$8$H$IfM `ekd"$$If(40* D$*  4 (a(f4pD F ` d  p$-D7$8$H$IfM $-D7$8$H$IfM `ekd܅$$If(40* D$*  4 (a(f4p    |p$-D7$8$H$IfM $-D7$8$H$IfM `ekd$$If(40* D$*  4 (a(f4p$x~>DFRTjlnpvxлr hRe6CJOJQJ]^JaJ)hRe6B*CJOJQJ]^JaJph)hRe6B*CJOJQJ]^JaJphhReCJOJQJ^JaJ)hRe5B*CJOJQJ\^JaJph)hRe5B*CJOJQJ\^JaJphhReCJaJ#hReB*CJOJQJ^JaJph,|~Bp$-D7$8$H$IfM $-D7$8$H$IfM `ekdP$$If(40* D$*  4 (a(f4pBDFTl-D7$8$H$M ekd $$If(40* D$*  4 (a(f4p lx?kdĈ$$IflF&dw 06    44 la $7$8$H$If$-D7$8$H$IfM $-D7$8$H$IfM `:V~$7$8$H$If`$-D7$8$H$IfM ` $7$8$H$If 8:TV|~@B6 8 b d      ! !"!!x!z!~!!!! " ""&"("D"F"l"n"""""""N$P$R$j$l$$$$$ݹ#hReB*CJOJQJ^JaJph#hReB*CJOJQJ^JaJph)hRe6B*CJOJQJ]^JaJphhReCJOJQJ^JaJI6t]R]]7$-D7$8$H$IfM ^` $7$8$H$If$-D7$8$H$IfM `kdt$$IflF&dw 06    44 laB8 d   !"!>!z!|! $7$8$H$If$-D7$8$H$IfM `$7$8$H$If^`$-D7$8$H$IfM ^` |!~!!! ""("F"taV?V??$-D7$8$H$IfM ` $7$8$H$If$-D7$8$H$IfM kd$$$IflF&dw 06    44 laF"n""""""P$R$l$RkdԊ$$IflF&dw 06    44 la $7$8$H$If$-D7$8$H$IfM ` $$$$$$$$%%%%%&&&&&&&&&z'|'0(2((() )6)<)v)z)|****++,,--R-V---2.4./ʣ핀)hRe6B*CJOJQJ]^JaJphhReCJOJQJ^JaJ)hRe5B*CJOJQJ\^JaJph#hReB*CJOJQJ^JaJph)hRe6B*CJOJQJ]^JaJphhReCJOJQJ^JaJ#hReB*CJOJQJ^JaJph2l$$$$$$%%PA$7$8$H$If`kd$$IflF&dw 06    44 la $7$8$H$If$-D7$8$H$IfM `%%%%&&&&iRR$-D7$8$H$IfM `kd8$$IflF&dw 06    44 la $7$8$H$If&&&|'2(( ):)teeeeRR$-D7$8$H$IfM -D7$8$H$M kd$$IflF&dw 06    44 la:)<)z)**$bkdL$$If(00C$0 4 (a(p$-D7$8$H$IfM `bkd$$If(00C$0 4 (a(p**++,-bkd$$If(00C$0 4 (a(p$-D7$8$H$IfM `--V---$bkdh$$If(00C$0 4 (a(p$-D7$8$H$IfM `bkd$$If(00C$0 4 (a(p--4./112356B88|::X; <|=>?????@$-D7$8$H$IfM `$`a$dd-D7$8$H$M //11123566@8B888z:|:::< <z=|=>>????????@@J@f@AAAArBBD"EI8JLL LL򣜖}jhReCJUmHnHuhRe5CJ\ hReCJ hRe5\hRe5\aJ)hRe5B*CJOJQJ\^JaJphhReCJOJQJ^JaJ hRe5CJOJQJ\^JaJ#hReB*CJOJQJ^JaJphhReCJOJQJ^JaJ1@N@P@,kd$$If(r 6<L$c  24 (a(p2$-D7$8$H$IfM `P@T@X@\@`@d@$-D7$8$H$IfM d@f@h@@@@C4444-D7$8$H$M kdT$$If(r 6<L$c  24 (a(p2@AAAAAAAB BrBB4CC2DD"EXFFVG&HHHI8J(K$a$$a$$`-D7$8$H$M (KKLLL L~LLLLLLLLLLLnMMNOPQSTV`WtXZ$a$LV`Wl``4sFs~$XRؙ֙:\r̝,.ܲNXnxȶҶ.8jLNPT$ ~ hm5\hmhReCJaJ hReaJhReCJaJ hRe5\hRehRe5CJ\ hReCJKZH\*^X_l``ae|ij\kpkllDmmhnnopBppptqrrrFsls h`lsuvwx.z}}~$:X*J*Ə`ړޖ h`—ėƗȗʗ̗ΗЗҗԗ֗ؗڗܗޗʘ$a$ʘ4Rn:\r"̝"Tԟ0"J`$a$J4 (N~6(*.ذ $&`#$/If$&`#$/If` $If``XZ`ܱ;kd$$Ifl4r$ ,$ 0&4 laPf4 $If`$&`#$/If`ܱܲ(Fkdy$$Ifl4r$ ,$ 0&4 laPf4 $If`$If(Fܳ޳NCkdl$$Ifl4r$ ,$ 0&4 laPf4 $If` $$Ifa$NPTҵLC $$Ifa$kd_$$Ifl4r$ ,$ 0&4 laPf4 $If`ȶ2ȷVLLLCL $$Ifa$ $If`kdR$$Ifl4r$ ,$ 0&4 laPf4ȷʷηZxVLLLCL $$Ifa$ $If`kdE$$Ifl4r$ ,$ 0&4 laPf48PnVLLLCL $$Ifa$ $If`kd8$$Ifl4r$ ,$ 0&4 laPf4<TrVLLLCL $$Ifa$ $If`kd+$$Ifl4r$ ,$ 0&4 laPf4 6NlVLLLCL $$Ifa$ $If`kd$$Ifl4r$ ,$ 0&4 laPf4 0HfhVLLLFF$If $If`kd$$Ifl4r$ ,$ 0&4 laPf4hjNPRTVXVPNNNEE$`a$`kd$$Ifl4r$ ,$ 0&4 laPf4XZ\^`bdfhjlnprtvxz"\ h`` $`gdm$`a$\:0DlP$ PFTX B$``6:(nt  &`#$$`a$`Trtdfhj 8:@Nz|^bz߽߽߽ߵ߽߭ߵߵ߽ߵ߽߽ߵ߽ߧߧߧߧߧߧߵ hReCJhReCJaJhReCJaJhReCJaJhRemH sH  hmhmhJ0J!mHnHuhRe hRe0J!jhRe0J!UhjhUB  RTrt``$`a$$`a$  &`#$dfhj "LNz|$`a$ $dd`a$$`a$``,`bz|jl$&:<$a$$`a$`$a$`$`a$z|jl$&:<BDLNPdf\^  |~  dfz|~οδ hReCJhRe5CJ\aJhReCJaJ hRe5\hRe5CJ\hRe5CJ\aJ hReaJhReCJaJmH sH hReCJaJhReDNPdf^`~  `$a$``$`a$  |~*,Z\npBD$a$``*,Z\npBDrt 8\vx24NPHJjl^`.2TVt hRe5\ hReCJhRe5CJ\ hReaJhReCJaJ hReCJhReSD 8:Z\(*Z\vx$a$$a$ $d`a$$`a$``24NPHJjl$`a$$a$`^`02TVtv >@np`$`a$$`a$tv <@np:<NRvx&BD hRe5\hRe5CJ\ hReCJhRe(pPRjvx(*Z\pr$a$`$`a$468:<>@BD$`a$$`a$ $d`a$ 70&P 1hP. = /Bڄ{žυ];>Y`AJ>!›JX/OVqO@` 4@کPBRpEc7l 9e]~({%=|rkT`Kja)t4/*9{:YvV7vB0i DZDC]^1P#eO7d y-.0.b('( kLb`WtOxii [}.S=}C k>~UY>/>|v \g^}L]co5Gm=/ *:6މ.6/='uAP&ho>MgK:-)v|Kc+vG\9̸\$?Iaaל2UL }1+th'n6sUhʶ ׽+]CB/ X*,gaȄD46Ħ[qMlyJǐ(q*r0[q3XDKqE,rs u9=_[Rѫz?"zh"CA<+yWI\:-Fy~_eO7.\~^Eq1?.JQ\T[]pGyebTs)ҕY:]4=_[y^ ^G:"]"_kgc9E%:%~9܇vJK@Zrs6|X =)m'i ggw>F S2$I8À)LjqZӏVʯ8W/ /oZ[k6۶vɞ/k|hCi#߻HUq.]Ty~#Y~?^`'SJ']\N gl2q(=Sayabw*,-xG !x)Fˋ-ɩƥ-bU+q+%UVc}~탴޽5=w9FTmPxckh鮐ǂj :LXV)q BImA8*-{SLH1s،Y*oBj1 /J$XFH0;!g^+P X(I:AKI e'x5N %H݈,SNd⿣׃D*TQDj""ʏL9^Fś;AR|"#R:vPR5 ּ[OB$X> G|O~jqkhO1 ڨhX"1 s9P*ޭ@TXI=:X N\`LX8zԽm$0h.x EFZo~esu6g=({4B;$pm|^q7@&'\' zZ{2m˘ү/Tw!zPB|9nR-? 삈,r6 ^ YN Hu^1aYUK3i׏_~?N zyXktDzm|{韠#`~+\'xc즈ގ''`ׂCwړy[l|UC,b.r$%U!=oF)d@B8{ʛy ']=|9ofg/3,8. 8e:4qfuNTBף=q_1 kw^:cq^IzĻ;GͽOvE:LMkkRO$,:5LJ1%LV "幍 Μ>: fx0nwxyrrK_~'}Õw"☏6{Iq[a*!5g_瑮럾!x_C~8~CFgnl0NZuI]Yu'h0Ʊ#CZ[IwDМ01ЇxG3(oz÷vp_7N؏'{I.1.rK+ ίL W ks|³p;8"9 iAL"|RH{pqq⹋ :::;CGofڟ+ٴyHSGp.?ťYtjs{3]oZ5`vջVD(zAaˇ}6.Mﷰ\xB:n8^4؃%'}ý_o1XY1N`.s?>~pAСƟBZXū b'ÙvnL܆W_gBָr|iRs @'1A:cL_N UW_)^=& <^@ND%WYDž8/ؓ\'Ծ}RW%\S˥H@}^yyGO+̓ok~Lk3NCqfZ,ǘxZTX@408?㕠P`> KbexU/侹bUN|aԨJRz>7 Qgޞ;CcH\9睤#O:Xru#K4o&5mIl7yl۱2NkBt44=I M fxWU'q^'WlirvH5#ktbf"Y똉H8?a|j]XQ]euz)h2E:bہ&O~S#@i|WZe:{w@,~TLsCRfnŁ&v& ^}gSâJq\es|M|_:l?+ PWfz`gzx@ԇB35`5^G^];ױUQEV&8 $DweV$kzWݰ"`#:fɷidWh1bʮW<2z:Yݎ# K>p['輶>|^\Sx?x_FPVP.Rz4Pc{!S|]}EGJ簛{/7*d3Y͗84ggh3ZZHQef_}<>]{LPU!zj");~ Z\).bon1є ko3@h2D<$1 )H`]ОKX\n9/zC˧;h1MTg*$ݹ5yso7xVxh:uX^TٮKo i㲌%˭?=y%>|[fr=]u 15"cYnj ?}d ] {c.:ٵζ=ġ߁ızk/k$EzLHD>pN3<ɭI1Q+Kgl.(M|Z =OmUde6)\8n.¬XԠg"n@juD׶-܍5a@ O|8AF C>x OBv@{n7YۊX빑QS-7Oqc{ԟvaUR[,@>J)L%#g-aq}OC ]VyЙE:c(8H?:hL{"05r(uI{.Pn}NޅzY#Ɣr8} < 8# e8/Ya:ǹzBqN*'SO>4y(UF+jF(u]_s3dnC䓰rc0EIMJ kStԋ(RTUip!ظ$9mk@ƜtZJ_[ y4JȮ["oyLmW9\_yv#c+q|BTA*i.*eu6IRqtJ1[.Ƒ* rO|&GX _8]\{ O|Uoh7v-2_bɾ"f"@}> 8ؽ`P<6Z4o!f >#*;By2q4RRsZ&;cȯ@s䲥>B'n76ْ'9d3 :n&<+۟MAi *O#ORyvsh^GFSe9jK&x-9cf%I&ƙ@v<2uZynRGem'oYbgBeoBrh8S#LGrXQҎ2tiC#]fO{=prw aN-2~NH:/h4=9!1՛c?7ζg&vb-g[5Yz;FFbz5/]ζLo;HϱɵB\_j/KC~>\&ʣbw}Ooz9J۷g |~g/ǎ>\OZ*\/ۮ]׻vØ~zv m3o#;KQ;LwZli㯳A&zv u֕|T;)>D|2J|la>6{IgUf¼p'yDlR}Od0`lTd<|<(;l'uQQ|l?|RwccΤW!DҎ]|c/T(]8ڰ]m׎*h;kb7{uNWwII8LG+W ]jE+|rP{U"ؤam"T{ξ :I#gjvn6Evx>;SզW{ Xv{'TA UJ+u!ytXݒ??[܏Ov{>G~.)1_1mA" LUsăp%Z$3e jH U SIZ0CZ$H/?\0?Hq%a.@sOvGi׾ޤrq=^XaDe>a{ع G+ĝ+}#w')yXNMU3h\×OV/IN\˵ف$\ ?<<:]r<3k$*I>4ΏěWKb\*`*'؂)SY0STɿHέ$O&eBa$h*qPLK'+UMm@7G7u~QaZN#Bs|9Vdd I¼(T,_irzr W%n`>[gt,JRm4 ua45J gV72ᓙDM S"X}G>90W^ﰧ6+6'O<f5U̻#cźԒp04?}]Zzz7{Ms%ӹH=B6y@b!;EëHX6 L6!LA !2$"}Yi*a:E_{=䶔DRR洔U͏Aׇʋ]Jp9~H~ҵ 5dt-$WL+`Q!:" E$nkūQ~g]Cj 77eLu'WtTI%˭IN~BO~xBw~҄|}SOzS'B^`O`#O ٣6!x~ev04+sj__ z7>?%?ݎ/`#Kυ[v'*T`vBmGҼ2ћ5zm;7֯OH6:'^92yWW{99^eC+jt|.T)}|RgVzOo9I:v>Y=zշne'TO+3'_wz3W?>yr]5\5\5\5\5\_ة m2c>+Τn_"Ll 7iDNL 2F?dt 9PW9:Pe>3NEqL@@2=Ao4 *m$«\ \MX`Nnx-lϘ~h<7|8F<†ě ->jigBf1y&VMUPq7P`Xa[`+naY͛ 5b՝iA"2fN?fsO]ƛR( "lE/4ڻkSpn>A:v ChТ`VMZxF9 Vh='#g#%lp'S ``#7&a!YF1Jc\Ny?SVISEڝYKmX -AcٺPq$e Qr李 YlӐxQ8FgD*3*B&Ō=ؘ3 w(li*{r(i?oGTUl54l/H(O1t0 UPr[M[i\AA4,MHJw܋V> F)3VF)HF`QJUFKzYV$2`1e#U 64pnOU4xZvav,7mO(@8q7&smCEYwɠ%Tqso`50e#F4W, lіm̴o&qr;SlkYytޕ%y,;ßU8SV$DiZt=[xHy܍۴gx@ޭ%YTT1ȡ_M(o[WbݯO- =^¦7e= Ĵٺ)4߼9lsLƻ,hȨ fm|OU#-TJܭ˜J_\jUJO8L$3_U$<&D 9J7! 8qּ֘/Ow k jfcwlU5 (5=IH:9~zl@O$AO_Qwj脳nj,qR(Z׺TTUz&)CS\+a]p;fYVc|'5>M GU)(Y%iX`g]^H 59NH, 9ivz}'$JY׷&p.N Ǎ_<~w].lpu0z6K&ζzky]Nlz#w6ϱƹd%"ms)k<TK!*8oOw/=z\D)&=IϹIZ_g[e6 3q(^G4bKaZ9DEcEsMTmG>]i{goG16Z]ե{%[jSQ޴|nPcyʣFSsє+ X \ 9йo?P$7';>Z=si8k1p5/Ru F>6n'ȃqE'Ù~B5kՆo9>N|8|>kO4?@q:SDᬺFEZ S\άT\tI:y)!W͗j- GA؆cmpm|P/MO69D׻W>DCOwbL ZOꆯ~< 1BnjZ5a&dhⳭO^S+?89;flF]s{}Gd߃'yřs4q?< >KW3^^G?:.~k.K_^׿#_wwO`~7}_a./ ԧpN S07Hc=pEFS"+ 761Wc]s)/nѧpN nK} (P a9+ 76z}z (PPy(SpCaCקpN 5wN .=`9+ 76xhJاpN 2P8pE†B9+ 76z<)\Q*@+ 76f>s Wn(lP} (PP>s Wn(lP=s Wn(l(y(SpCaCDᑑ%)SpCabR)SpCaJ?ҧpN اpN nrCC 7^&ۆQhԈ)\QA"b)SpCaS)SpCa?קpN 0ݤO_wa ?elaK-ʴ,]+ -;)j|icUBŬ 9%m\-G Mۭò,½uK%tHeJU?:?/LD)UR% l]D9RPjZv9҃kUJ+Q-_PNAP5xV24|SDlأRIK3nA]JV T_iju ,&EmQABq|:֥AFq;U @ :$$ yS=H nTVYSu\=BZm{!$%<Af5ΙkD:(b(T㎆Pt"ƒԥ}yGc[ۦi]jB^@bRZ$Jd DŽoT֣q+; uдi9c. 5\NG{.ʢkXk`t;VІe5g\E2+!V2aj* D|n wEH`{!B_{S{Z+1Ԓ>Ui{og@eㅽ4Fs]hҞ!vRR_S "PLKn^0P4-y|\zBSPJ\J_ YHFu[HNeZFku 4'eKS2-͝0Ƽ63k^Ū+h3sW!D`Z{6vzUZkF;! ]hL"њȫlhyƕMԢ2>ʅϤx?;՜%h&A,J{o<=wpGxf^㺌gTgB]DS!Ux"uБ0sL\P6-EY|w,k/L3QF8e%iA(i @I.Th_@9{s9mØd=ɉ*˵O\TwcPG=2J7C&P\Xss$0"b0AStNxH >uTQ ˪QEv@b 8v͇^^uTgl-zcEx0R"f/k&"^$w~*11:/ 3sosf/xaDI ) h$q3SԎmʄ%xN}%C1 !Orj&RIm*d,85HO2 p.hǨa-d7A"N8Jn GxjQt9ɛjH3Mb7&1)  cJ9 !R2rUvUuB&S/ Jti8]6%E/SRMz8QA].$:NW"p[2zmE?CP[ydHA{z>a+ NfaX`kYTEv6ʂN e=y;G3 2dHe#t.ԬBL|Al$cOrFE'"[UMOwϗtղZU|4xl1 !?bb3:C)Ǔ6sN3D 'b;6kԌ۬1{>ނn.34${޼iSݳ$rWZ/kusWz 84+{N#ONl >YnuH ;Փ!C"{UI]kY>˭ws}fNV|,C&YbO@:VGy?/VC+#S އ$}'}-.gRZ7}wUz+I(v7moyYi[#O TvtgD:YZNZӎ}}23IJT^Eb˂ekZ愵;PHA\y8;^ xļ- . 2K6[W9A.ۢFHTȋ4̰[je5vudŝ~Ug,7d Ptɼ(3H5i|1~hdWrPMsȒ %*.c{Y9? Ыq֛]h{>+FDڤ8-pZEp VJmV!lFj{HouVFNJ,W[8)}j }BOQ>٥Uҏ̤"e ĝWF{0WFڠޒ9;nXi" u-BՁNh粥Ұ.1*'97,Sߘ۱Y( UG 2U̶6'V'a"$P%?n-KT8+0,Uy_SO57A^kQ INi/6MrkBAܩ݊,V[&J,Ո*ܗ_2[c K:>XFިXRNJk'H ^bkh*[E'̵nTFaAl8)-~!UnJH7_4` d-sR/IM\j5.\l*Dr~G,U]L|&ZUk\O/E 2ؚC唬T3 jYˮDcO-zs+@r{{M%ұ׹ۈ4\ga X<1sә6Mo?J`h ի&1|R1q<>AD1D8/D(Cc]f1[2ٜ׼Gb۲zfrnh1n8Սvyh<1Q qؗk gS>S,IZ4M-WVgab&و\~hɋN`'[{<Ң|V^#ƚr-d /Ψx8&coM:Ww~ -2b}zn9= ˘].-CCZ',~De.ב3^YzaO<;K|lSv׻*9%N)d~3$DSvHvܸYTar6q 0t:tbwy37:fp%iFԅ:4s \V22b@Ɖiaٳ{Y,~%]:peK|\/^Rڠ+a#kqceCJ>r7Iz_Z'YR%{:N[;U& .,K17 c~[5Po?/d[<ڿ\IS]vb8 Y[@+yc /]WC*;g5]C)ep/jPT֦8Òda%8Fpc-`K.TU=dq$ %1_Y^eYVOaΡ\ @;KAo&{?TVl7[>`)?Q`|=u~NlkĜ,*}~I#>76kxjrL" Q/9 쥊^߈uEg^(t{gOdaa-Ժ~J]3^9>r_~xCW2,LlNHi=y9jyrإDNtOhOLDRF,umwoQ?34w_s-heQVpZ[D)AS;Vy幖Ϸ.>ՓSC yS޿{(c%>W[%}@rأ;wd9?=EaG[-V[=Z5fy` R9!ߓb_z(~9y ͩH*hj~ԣ:yA,MJ^e>&gY7B[*'2>?%rg UT&:C᏾'6kFAAΘjpr *$SQIS 1U[r@J!Yy]N3zwX:Z 1P$_QEFS:s0O&"Dm-Mjs$x![ *XXdT $"#l11dN27IZŘE2`PEH$:f6dD[rf.!uPhb# #b.Pb #،CӆMF{x+ΧAϴ־ݵs8qj'9}>h{bӧY>s>~e*qZNe؝&-?Y+-ԹM|;:}R[H#Kz"Y iok~kK(1X[}OLki4ۗz1hZHu"8ZI֩Z5E-(A^_/ wr{RMژPrx h5/H(:q9#wElkH6%W., EG! }h)Y'dą2_~Az k;>qێ{=3\#j{4( H7RT-<标2ڋyM20`5Vn0 U@q]v=>>Χ_zoo*&YXdd**P,0Dr2_ SPP^8?X݂lcGՠ?d(K7:d5 b"Fx)V kGe7loaS V+8xU,ĔHV-گ ` =_P&Z*jm:$c&E}+|ӣF.=ٖ[DҷJSj8bv ذdhYl]%΅C痙[AeN wVb2 xXNy5 5wRſEך 0Nu7YIHnUW7zopaǿna떦\.\ޱ-VnN=S1NQYV;l)@,m-kI'gz g|گ+ntH .G0FF+JՂb*8nKwU•Q=۶Um[ϧNXo* [^g%d5ݠ)Ҵ!A!,R `痚Ӱ[V&DP]+;Aa:G·@N%>15؊\zqՂ=؅G i=60ZjݚĕYǗ&zWbb|!RcnCF-0F@W|XpxPg#%Jshpk` )-8f"`T?*="Ռ FpIlr FیqX^)^uatB*0:j!!WfLrUR pkL3ܠeΠ$` jsQ & {y+ӁC>>f@EIM\6g<Ag?Xlضi-`ŀ:0avs\|YHJ:pEHPc:듥Y=y^>>\V*nLr@jRp!T'*F`(@fQ#+ QC&5)e/Ρb ?Keu-,#r*=_R FB~غI܁IQAaa58 7 qgߔ?-= Sޮjc|`G  Pkt[1ח㸬9H]P^h+E<{k~߾n~{ I.}Y[Cso[Mf؂AesN+ǒWws+6IFc}Cu_}wteyW<_KZ|}pO Qt> 4HCcb\g,7su(>ՎR>z|}gzǯed]7]H_]h+>Fߠ֌ qrI@Kyx""T K'9c?۪ISu̯z~⊇uS ]-DecC<;kk?xs)Fޓ[q巙އ:Q?opb5nJ9{p>B/T]NE͋ $k~p̓q /M"Qkꎪ2TZO*Ƭa̙֣(_/~U%pwOahFI^ %Ԛ1 [ 70UvxLG D C5%Bڤj۴bXJlCY`DŽ`it3"O_& vI 7Fc܎x77DDUBPq=Hi$#wxDټf S7$SWaq/ ]P 1*)':88!b!cu^5r*=*p ]bi3i׳o۠^v 9 8 O;_ -{<}R =?N ϝz{ߧ?}ϋgtO^l6;\z}ege`!!x׎ŐHեl; x]?3IVvO:ͮ#9Yw"OZsJ' b$,]%vHĭN9yUmwm{mWј<*DsߘhNre,sؕr)];*#D}1ќh]>јhN$QhL4'Z$QhL4'Z$QhL4'Z$QhL4'ZqҘ]hL4'ZprI.QhL4'ZtcO4&-8r!D V!D V!D "RNG͉͔Y]>јhN $D}1ќh ]>јhN`cO4&-ZcO4&-X},26'ZzIq]>јhN`eRvDc9т3%D N1Ds?dNDs|!WԶ[r 4.QhL4'Zp"evDc9тL%D hJ\O4&-8.QhL4w*OI!B!B!BZ'Z-y!bͱϰ7]15KY4nK)-3?o$ x,'xg&r݁|Z^ohrwIBG=/weI}L $z),W{I)B؇"?|H ճ5HI/W s`{Q0 +Bu6*CUI4hTS. G&Rb?5q=tsʝPZ9w8rj(sy)Iޒ@D:k; Y\"r)t,HRc^ÑuƅD @'ؒN$Idce5#d߱@6b đ%U%(zb xK˙M(1S… 7*i'.KBH_20R0 8?U#f cUJj GUrJMYT \vU#W({.{\.ibW H-uD P|$9WeA9>C^F ˮ%IUX.+ ߱@% b:Luxc&Oi%܈I_^)+ФzO+d*H+'8J ;fMM-}),\tͤ AY ̐%#ͧvXl\{]YF'E/*VfܐZ[Iz𧏴a5ER:t)k}}#MjBɞŵ6=#HP %dklH)9Y II Y>˕0-{\Yu5ZE-r ㊕.*[,?\KIB9(#_mZ̐xRyl'Iu5m')~|'@UPjNv@HuG q9G7:P`)A*P$?߲zLa)»քBAFB!B!B!‰}} b$n${u ё/g]$e (݃%k)<3{" 8zOJKob=x_;R  vRQt!KA: yZmʙDR<{rH^GCD׷u93=ёޯILb䄂6C:*#zD:CF0{WH,nҙz UDQu(,` arͬ>peq#6>M-G81L#2p,M^ p`R#(l#Sӑq4p*0=2ǑFj d=P瓊)R QG #/e-Rql*{8~)zҏ#ǍZ$A2hDO;7|R>YHF4ԩOZpYlLOֲ+7kXG6#Xd :FKΘ$yblY%18ҙv]sKia 08#;YuZԍL8^[Qv+/u"p%[vJr܀bxt։#ж5GfN{:;uХ1S$CDᨎƖ=uclժ$&.pGp8:R6)utwљ G(G 8 8jDp|;(G= v]Qh8å(5=:wd5:wI眄\tɈ}:Y 8j\CwQ'?:q(ۣJ%N5u Ǧ+P]Gqs,5G^!Ʋl;x涱E9Ko$7RQobE9+Hkw˖>+tu▕\6/6c!\#ThQiƈ彶$okl_4t=]BUmRɡ?futA8mRP~SuNblG{'rZv} 狣ۥ8JL%K|O|%Z|\zpyAGfwoWutli[n u;Ƃ+ǜ843GαIgtzGyMkrK[wMf3V76 -ǂ8I@|{nyrwJ{,Qf> ߴr>xW4-?+2^'GީU워'*yz5\͵Yjr|qµʪI]Uxe&տ3&啴EG+ik#RaK狽֕5Ux?Hv΂ Ŷ7(X3whU)8u,(މxx].9@INl.7|ULtJ*irGѰmN\G,w/k2t^3T|sFu8hn#̆;䵤6(}%EnWs/a?6OXw')#]‘ӭUCjP7;T2ʀp{?> hT 6r\Kp͍]r{MX:\G'j3Tđwux>>qq4jNo]{ˎ^םf{TNj`0ΐ5ָRwF:e2h*Gk=$o*{x`Ľ\]_FstXK1+spq-S>I^iS2Ǥ͍ܵۡLtt{N8R]'ȖE)ȃmd{Jss9>!ղ5a5F{?]WqhG]A7= w&n6: }~a5h-6gꉶGphg~6må]:T=ecM;gp} dQekuAɨ{\!ItDd sq1ʕSU:O#DL[OtĽG;0U帥Eh{ty+ 'HsgZ[c{Wj6TLm=݇5}﮴Ї]W6pMO]洁V)%RmxjF%ކۦ5PE=a=2ڸ@}.MGz1몖NG7GaFR(kBh8j(WyaGXD|Y[0V@g "U^0jl,#ꠔ`W3A3ʴJh GV`X Ń#gn9sRb=*^6X/թQ " {C)xnlSڣM+9: y%<`@#u|VJ u8oRoh7ejo ꊲƑQ>݄/^PѧI0RuVQ3Nk;Gl]V&J !\zh{؞`@i3G >B3CJQ!co.iRi_ B=s`{6A=intFY.:H2QJVI#$u!5%`%z( 7R :L?y2O9hm@ҳB+̃M*!B!BlZo_] oZPjA/_w뮵Z}7?G%gv['{DyK  _Toc85226327{DyK  _Toc85226327{DyK  _Toc85226328{DyK  _Toc85226328{DyK  _Toc85226329{DyK  _Toc85226329{DyK  _Toc85226330{DyK  _Toc85226330{DyK  _Toc85226331{DyK  _Toc85226331{DyK  _Toc85226332{DyK  _Toc85226332{DyK  _Toc85226333{DyK  _Toc85226333{DyK  _Toc85226334{DyK  _Toc85226334{DyK  _Toc85226335{DyK  _Toc85226335{DyK  _Toc85226336{DyK  _Toc85226336{DyK  _Toc85226337{DyK  _Toc85226337{DyK  _Toc85226338{DyK  _Toc85226338{DyK  _Toc85226339{DyK  _Toc85226339{DyK  _Toc85226340{DyK  _Toc85226340{DyK  _Toc85226341{DyK  _Toc85226341{DyK  _Toc85226342{DyK  _Toc85226342{DyK  _Toc85226343{DyK  _Toc85226343$$If!vh55#v#v:V ( (55/ 44 (ap$$If!vh55#v#v:V (  (55/ 44 (ap$$If!vh55#v#v:V ( (55/ 44 (ap$$If!vh55#v#v:V ( (55/ 44 (ap$$If!vh55#v#v:V ( (55/ 44 (ap$$If!vh55#v#v:V ( (55/ 44 (ap$$If!vh55#v#v:V ( (55/ 44 (ap^Dd !-J  C A? "2(೟)*  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~#Root Entry FPxData WordDocumentwObjectPoolE8Px_1159017137 !FE8:Ole PRINTCompObjf  "#$%&'()*+,-./0123456789:;<> !F Microsoft ExcelBiff8Excel.Chart.89qOh+'0@H\t  Anna ChernenkoMicrosoft Excel@AA@ݸd: ]    ''  Arial Cyr ]CwCw w0--------------------------------------------------"System !l)Bw-'- --  ---'--- ---'---  f--- d$0    %(-05;>CFLL M3-$]A@@ ? ?>>==<<;:998765543210/.-,+*((&&$#"! EFGHIKLMNOPRRTTVWXYZ[\]^_`aabcdeefghhiijj k kllmA3f-v$9A@@ ??>>==<;;:98766543210/.-,+*('&%$#!   LAMM-$ !"$$&'()++,-.001334567789:;<<==>>??@@~AxAuApBjBhBbB_BZCTCQCLCFCCC>C8B5B0B-B(B"AAAmm"m(n-n0n5n8n>oCoFoLoQoToZo_nbnhnjnpnumxm~mllkkjjiihhgfedccba`__]\\ZYXWWUTSRPPNMLKJHGFE-${LQTZ_bhmpu{~     !!#$%&((*+,-./01234566789:;;<==>>??@@~A{AuApBmBhBbB_BZCTCQCLCFCCC>C;C5B0B-B(B"AAALL---'--- -----'--- C-k 92 o! e    ----'--- ---'--- ----------'---  2   2 8(  2 Z) )    2 |I55%----'--- -----------'--- 4 2 ;" 2 ] 2    2 E25%----'--- ----------'--- bd 2 io-  2 h  2 v   2 20%----'--- ---'--- --  --'  '  'ObjInfo WorkbookL1SummaryInformation( DocumentSummaryInformation8, (.@\pAnna Chernenko Ba= =Z!W9X@"1" Arial Cyr1" Arial Cyr1" Arial Cyr1" Arial Cyr1.Times New Roman1" Arial Cyr1" Arial Cyr1" Arial Cyr1" Arial Cyr1" Arial Cyr1" Arial Cyr/#,##0"@.";\-#,##0"@."9#,##0"@.";[Red]\-#,##0"@.";#,##0.00"@.";\-#,##0.00"@."E #,##0.00"@.";[Red]\-#,##0.00"@."k*3_-* #,##0"@."_-;\-* #,##0"@."_-;_-* "-""@."_-;_-@_-k)3_-* #,##0_@_._-;\-* #,##0_@_._-;_-* "-"_@_._-;_-@_-{,;_-* #,##0.00"@."_-;\-* #,##0.00"@."_-;_-* "-"??"@."_-;_-@_-{+;_-* #,##0.00_@_._-;\-* #,##0.00_@_._-;_-* "-"??_@_._-;_-@_-#"0";"0";"5B"5"AB8=0";"AB8=0";">6L")":;";":;";"K:;"                , *  + )      `  803@0<<018AB1$8AB2L,8AB3`ibZ  3  @@  '<>B820F8>==0O (:><?5=A0F8>==0O) A8AB5<0?@8=F8?K @0=68@>20=8O ?5@A>=0;0 A>@52=>20=85A>F80;L=0O ?>;8B8:0 :>@?>@0B82=0O :C;LBC@0 :><?0=88A@54AB20 :><<C=8:0F88B0@8D=>-@07@O4=0O A8AB5<0   (.@M>Fax`& 4dA4Dfax" d??3` / ` / п?3d23 M NM4 3Q F!!B@C:BC@0 <0B5@80;L=>9 <>B820F88 Q ;Q ;Q3_4E4D $% M/3O& Q4$% M/3O& Q4FAd3Oz3" :dd$% XM/3OQ '43_ M NM  MM< 444% PaM"3OQ'44eW'<>B820F8>==0O (:><?5=A0F8>==0O) A8AB5<0G?@8=F8?K @0=68@>20=8O ?5@A>=0;0=B0@8D=>-@07@O4=0O A8AB5<0 e???e>  (.@  dMbP?_*+%MKhp deskjet 3320 series!@m߀ dDrvConvertBe4 d .Arial8ZBeںںhp deskjet 3320 seriesskjet 3320 series,LocalOnly,DrvConvert" d??U} 6ww~ K@ ~ ? ~ 4@  ((  p  6NMM?K]`  (.@"??3` /` /?p3d23 M NM4 3Q F!!B@C:BC@0 <0B5@80;L=>9 <>B820F88 Q ;Q ;Q3_4E4D $% M/3O&Q4$% M/3O&Q4FA3OF 3" :dd$% XM/3OQ '43_ M NM  MM< 444% AJRM"3OQ'44eee >@7 (.@  dMbP?_*+%"??BU} 7wwww~ J@ ~  @ ~ 6@ ~ 2@  < (  p  6NMM?Z]`|   (.@"| ??3` /` / ?p3d23 M NM4 3Q F!!@54AB20 =5<0B5@80;L=>9 <>B820F88Q ;Q ;Q3_4E4D $% M/3O&Q4$% M/3O& Q4FA 3O3" :dd$% XM/3OQ '43_ M NM  MM< 444% JyRM"3OQ'44e! A>@52=>20=851A>F80;L=0O ?>;8B8:0 I :>@?>@0B82=0O :C;LBC@0 :><?0=883A@54AB20 :><<C=8:0F88ep= ף?{Gz?)\(? ףp= ?e >@7 (.@  dMbP?_*+%"??@7 3" :dd$% XM 3OQ '43_ M NM  MM< 444% JyRM3OQ'44e! A>@52=>20=851A>F80;L=0O ?>;8B8:0 I :>@?>@0B82=0O :C;LBC@0 :><?0=883A@54AB20 :><<C=8:0F88ep= ף?{Gz?)\(? ףp= ?e >@7 @  dMbP?_*+%"??@7 ՜.+,0 PXd lt|  123 1   !F Microsoft ExcelBiff8Excel.Chart.89q_1159017339!F::Ole  PRINT BCompObjfg"     !f$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefijklmnopqrstuvwxyz{}~8s     v''  Arial Cyrn CwCw w0----------------------------------------------------"System !l)Bw-'- v-- k ---'--- v---'--- k f--- X$*   %(-25:: -f--$E*))(''&%$#"!      5678::<<>?@ABCDFFHHIKKLMNOPQRRSTTU*-j$3*))(''&%$#"!      : *-@@?M3--R$'(1"1 1110 0 0///..-,,++*UVVWWXYYZZZ [ [[\\ \"\(\(13f-.$(1"1 1110 0 0///..-,,++*: (1-ZMM--${     !"##%&&'(()*++,,--{.y.t/o/l0g0e0_1Z1X1R1P1J2E2B2=2825202-2(1(\-]0]5]8]=]B]E]J]P\R\X\Z\_\e[g[l[oZtZyY{YXXWWVVUTSSRQQPNNMLKJIHGFEDCBA@?><<:98765 -$u:@BHMPUX]bejoqv{~      !!"#$%&''()**+,,--~.y.v/q/l0j0e0_1]1X1R1P1J2E2B2=2:25202-2(1: :----'--- v-----'--- ?b 92 f! e        ----'--- v---'--- v-------'--- \| 2   2 952% ----'--- v--------'--- k 2 o   2 ~   2 8% ----'--- v-----------'---  2    2 #   2 A  2 _!22% ----'--- v---------'--- ; 2 \   2 ?   2 x18% ----'--- v---'--- v-- k --' v '  'ObjInfoWorkbook b1SummaryInformation(DocumentSummaryInformation8,Oh+'0@H\t  Anna ChernenkoMicrosoft Excel@AA@8՜.+,0 PXd lt|   (.@\pAnna Chernenko Ba= =Z 9X@"1" Arial Cyr1" Arial Cyr1" Arial Cyr1" Arial Cyr1.Times New Roman1" Arial Cyr1" Arial Cyr1" Arial Cyr1" Arial Cyr1" Arial Cyr1" Arial Cyr/#,##0"@.";\-#,##0"@."9#,##0"@.";[Red]\-#,##0"@.";#,##0.00"@.";\-#,##0.00"@."E #,##0.00"@.";[Red]\-#,##0.00"@."k*3_-* #,##0"@."_-;\-* #,##0"@."_-;_-* "-""@."_-;_-@_-k)3_-* #,##0_@_._-;\-* #,##0_@_._-;_-* "-"_@_._-;_-@_-{,;_-* #,##0.00"@."_-;\-* #,##0.00"@."_-;_-* "-"??"@."_-;_-@_-{+;_-* #,##0.00_@_._-;\-* #,##0.00_@_._-;_-* "-"??_@_._-;_-@_-#"0";"0";"5B"5"AB8=0";"AB8=0";">6L")":;";":;";"K:;"                , *  + )      `  803@0<<018AB1%8AB2b,8AB3`ibZ  3  @@  '<>B820F8>==0O (:><?5=A0F8>==0O) A8AB5<0?@8=F8?K @0=68@>20=8O ?5@A>=0;0B0@8D=>-@07@O4=>0O A8AB5<0 A>@52=>20=85A>F80;L=0O ?>;8B8:0 :>@?>@0B82=0O :C;LBC@0 :><?0=88A@54AB20 :><<C=8:0F88   (.@M>Fax`& 4dA4Dfax" d??3` / ` / 3d23 M NM4 3Q F!!@54AB20 =5<0B5@80;L=>9 <>B820F88Q ;Q ;Q3_4E4D $% M/3O& Q4$% M/3O& Q4FA>3O `3" :dd$% XM/3OQ '43_ M NM  MM< 444% UuM"3OQ'44e! A>@52=>20=851A>F80;L=0O ?>;8B8:0 I :>@?>@0B82=0O :C;LBC@0 :><?0=883A@54AB20 :><<C=8:0F88ep= ף?{Gz?)\(? ףp= ?e>  ףp (.@  dMbP?_*+%MKhp deskjet 3320 series!@m߀ dDrvConvertBe4 d .Arial8ZBeںںhp deskjet 3320 seriesskjet 3320 series,LocalOnly,DrvConvert" d??U} 6ww~ K@ ~ ? ~ 4@  ((  p  6NMM?K]`  (.@"??3` /` /?p3d23 M NM4 3Q F!!B@C:BC@0 <0B5@80;L=>9 <>B820F88 Q ;Q ;Q3_4E4D $% M/3O&Q4$% M/3O&Q4FA3Of3" :dd$% XM/3OQ '43_ M NM  MM< 444% AJRM"3OQ'44eW'<>B820F8>==0O (:><?5=A0F8>==0O) A8AB5<0G?@8=F8?K @0=68@>20=8O ?5@A>=0;0?B0@8D=>-@07@O4=>0O A8AB5<0 e???e >@7 (.@  dMbP?_*+%"??OU} 7wwww~ J@ ~  @ ~ 6@ ~ 2@  < (  p  6NMM?Z]`|   (.@"| ??3` /` / ?p3d23 M NM4 3Q F!!@54AB20 =5<0B5@80;L=>9 <>B820F88Q ;Q ;Q3_4E4D $% M/3O&Q4$% M/3O& Q4FA3OF 3" :dd$% XM/3OQ '43_ M NM  MM< 444% JyRM"3OQ'44eee >@7 (.@  dMbP?_*+%"??0U>@7  M 3O&Q4$% M 3O& Q4FA3OF 3" :dd$% XM 3OQ '43_ M NM  MM< 444% JyRM3OQ'44eee >@7 @  dMbP?_*+%"??0U>@7 123 1  Oh+'0|  8 D P\dltAnna Chernenko Normal.dotAnna Chernenko240Microsoft Office Word@rN@>/6`!(೟)*(5R%bxWklTE=]F*iR5 jVJ0 @)ZZZyZjKik01SԘ4W.@g޻ݻE@mNwvwΜ;sg<ˀl@~܄aCuUrQfC8HS8,M' ]FhF=>2]lbK撿HUurU+(V<WGqsY>#mg2˞bWdEx-%.aKif{ P}qNǓf;?F_S[kXbU/["9s*367jYz FxYlKb  9iOZ pLc`,?c]ŜIANȭk9{+5PK 5fjOy/sإ#&=*5tq1㺻K, P, D9KȶOd ϋxQ ە(dv5Y!*T%3b{ҹ":Hs%9w{sS9 J*o)9=}qqJ7mr)f.\0U_aBKx-}I9g{SǨ2gp8n,(]45Y Vszl'#D`$ܫ/+C}TH45-mý#<=Ig]|^e{=kc\s_ s6\)9ҫ)(j:sh.2}}9MQ޿??}0+~2\nTwq[n҈i'VSeeWw4Dd  nJ  C A? "2!i8>Y`)SR`!!i8>Y`)SR|$8OH#xXklSe~.![ ea!%4!.DD`l1e@nc\i4?& S'ղKv: .99۩AAwyy]ed$DB\b^qaD;U$0eMXG$\җGJGXhY/BbIe]qLrdއևFlոX^Lgo\%5J;6a&TLtmx?Sc*qpkqrQ?7Q.FKana%-!|ʶ[1H!٦ŊTAq {%n|]hC >N\b;Z9cZG1'No=ǜhSyYjF>Gɥ}֖6-ǔIUAPeUY٩Jlafbld Sb.cofY2nv6,MW,s%D8 A0 ~!Ĉnԡd<:̺fO 9ϱ~V@3^6f- HfO%%٦fZy*2ZX&a&e/xQy n<'`؋gE-}xxJ|qOx+0!!b^2K# `9`9O~jnfj&>Oȥ,9!|$S j;N֣;lKgZ8b"OUN(1O(kP,ȸ EJZ2^GƕX"QEx#o"2ݪ.ճ40CKL*Q-C "fДtSdh)CZog?pSкOǯ m \V0WWky*'ޏ/V3,wkf |(} #IUyk+e]&cp3Qi .Tj3lN/EWPż#IY9ùLfR4t#ozC]x(vwGnz"p{/(S}ݴթ u&[ɺt3݃ODCcu-5aͱ*5X.<,"P{w=y˴dãFC|U6Yrݳh~߹km;7ƨ0ތf7䶽sU|~@O3w^1g+܂7COR|=>t]g-mES  ( $$If!vh555d 5 5#v#v#vd #v #v:V ,555d 5 5/ 4T$$If!vh555d 5 5#v#v#vd #v #v:V ,555d 5 5/ 4T$$If!vh555d 5 5#v#v#vd #v #v:V ,555d 5 5/ 4T$$If!vh555d 5 5#v#v#vd #v #v:V ,555d 5 5/ 4T$$If!vh555d 5 5#v#v#vd #v #v:V ,555d 5 5/ 4T$$If!vh555d 5 5#v#v#vd #v #v:V ,555d 5 5/ 4TDN  $ooҤo x  `  ֥o @ x @  @!{o  . x :  @="p Ix 9 g#p dx A Q$p `Yx U Q%p `Ox A D&Yp Sx @` V'+p @jx W f(p  0!x `|" i)p# ($x `J% _*p& A'x 7( $$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$IfW!vh55 5 #v#v #v :V ,55 5 / 4aWT$$If!vh5W57 #vW#v7 :V l0%5W57 4$$If!vh5W57 #vW#v7 :V l0%5W57 4$$If!vh5W57 #vW#v7 :V l0%5W57 4$$If!vh5U 5U 5U #vU :V l05U 4$$If!vh5U 5U 5U #vU :V l05U 4$$If(!vh5* 5#v* #v:V ( 5* 5/ 44 (a(p$$If(!vh5* 5#v* #v:V (4 5* 5/ 44 (a(f4p$$If(!vh5* 5#v* #v:V (4 5* 5/ 44 (a(f4p$$If(!vh5* 5#v* #v:V (4 5* 5/ 44 (a(f4p$$If(!vh5* 5#v* #v:V (4 5* 5/ 44 (a(f4p$$If(!vh5* 5#v* #v:V (4 5* 5/ 44 (a(f4p$$If!vh5M55] #vM#v#v] :V l0655d5w / $$If!vh5M55] #vM#v#v] :V l0655d5w / $$If!vh5M55] #vM#v#v] :V l0655d5w / $$If!vh5M55] #vM#v#v] :V l0655d5w / $$If!vh5M55] #vM#v#v] :V l0655d5w / $$If!vh5M55] #vM#v#v] :V l0655d5w / $$If!vh5M55] #vM#v#v] :V l0655d5w / $$If(!vh505#v0#v:V ( 505/ 44 (a(p$$If(!vh505#v0#v:V ( 505/ 44 (a(p$$If(!vh505#v0#v:V ( 505/ 44 (a(p$$If(!vh505#v0#v:V ( 505/ 44 (a(p$$If(!vh505#v0#v:V ( 505/ 44 (a(p6$$If(!vh555c 55#v#v#vc #v#v:V ( 2555c 55/ 44 (a(p26$$If(!vh555c 55#v#v#vc #v#v:V ( 2555c 55/ 44 (a(p2$$IfP!vh55555 #v#v#v#v#v :V l40&55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf4$$IfP!vh55555 #v#v#v#v#v :V l40&,55555 / 4aPf41TablehSummaryInformation(DocumentSummaryInformation8!CompObj=q*V@V 1KG=K9$dh`a$CJ_HaJmHsHtH^@^ 03>;>2>: 1$ & F<@&5CJKH \^JaJ ^@^ 03>;>2>: 2$ & F<@&5CJ\]^JaJX@X 03>;>2>: 3$dh<@&5CJ\^JaJNN 03>;>2>: 4$<@&5CJ\aJ<@< 03>;>2>: 5@&6]@@ 03>;>2>: 6@& 5\aJJ@J 03>;>2>: 7$@&`a$6]@@@ 03>;>2>: 8@& 5CJ\B @B 03>;>2>: 9 $@&a$6]BA@B A=>2=>9 H@8DB 0170F0\i@\ 1KG=0O B01;8F0 :V 44 la .k. 5B A?8A:0 <>@< 0720=85$a$ 5CJ\F@F  3;02;5=85 1 $ & F5CJ<@<  3;02;5=85 2 ^b@b 3;02;5=85 3 $ (# ~]~`aJmHnHuNN  3;02;5=85 4$dh^5CJ<<  3;02;5=85 5 ^<<  3;02;5=85 6 ^<<  3;02;5=85 7 ^<<  3;02;5=85 8 ^<<  3;02;5=85 9 ^:U@: 8?5@AAK;:0 >*B*phfC@f A=>2=>9 B5:AB A >BABC?><$dh`a$CJpR@p A=>2=>9 B5:AB A >BABC?>< 2$dh`a$ 6CJ]bQ@b A=>2=>9 B5:AB 3$$dh`a$5CJ\aJ^B@^ A=>2=>9 B5:AB$$dh`a$5CJ\aJVP@V A=>2=>9 B5:AB 2$dha$5CJ\aJRS@R A=>2=>9 B5:AB A >BABC?>< 3V@V 5@E=89 :>;>=B8BC; $ E$`4)@4 ><5@ AB@0=8FK2O22 "5@<8= "1$7$8$R"R !?8A>: >?@545;5=89#h1$7$8$^h*W@A* !B@>3895HORH Normal %ddCJ_HhmH sH tHJ bJ 86=89 :>;>=B8BC; & E$>Oq> 07<5B:0 HTML <B*phb^@b 1KG=K9 (251)($dd[$\$B*OJPJQJ^JphZZ text$)$ddd[$\$`a$CJOJPJQJ^J?Vhv"Hl<Sj| Kk~=HWz`w+CMg}2Cl/=Vm # E d  5 M b ~   " * C N v      )+,-./89:;<=>HLMNOSUXYZ[\]^_`abcdefghijklmnolmnop?Vhv"Hl<Sj| Kk~=HWz`w+CMg}2Cl/=Vm # E d  5 M b ~   " * C N v      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnop jR8@9XE oO I ( 3y+VPF{&GQ^*<KstB>VlT' !_""## $M$h%8&&'L(((((Y))*%+++,-..0011h2~3 484+5!668999::c;;{<<5==>>>?u???@OAAMBbCuCVDFGHHHHHHHHHHHHHHHHHHHHHHHHHHHH IJJKYLBNO=QQ.RSSUlVWX;Z~\]`]u]]!^^.__`Q`` aWaa cSccdoeef/gh juklmcnn0oYppq&rersBtuvwx-{{b| }~LۅÈĈDXՋ@ uuْ2W͕Ε{ؖ mAAj^hM:N̡٢A3ͥ}:DWbv;AEsBUʻ޿KlqW ?"Nc ;UN9 CGW_G0YZA|}U$+(c$&'>@Asuv)_\ M?L~ 9]w7I9;+k.)ZlKKTc$   *   F T g                                  " , / 0 1 2 < ? @ A B M P Q R S [ _ ` a b n r s        ,/012  cfghiBEFGHSVWXY%()*+HKLMN=ABSd9<=>?jmnopADEFGNQRST+./01 #$%&vz{|} ST  e!n"4$ %%%%%%%%%%%%&&&&&&&B&C&G&H&&&&&'''''C'D'H'I'''''''''''(()(-(.(;(<(@(A(N(O(P(Q(R(}(~(((((((((((7))}*****************************++++ + + +++++++++$+%+*+++0+1+6+7+<+=+>+C+D+H+I+M+N+R+S+W+X+\+]+^+d+e+j+k+p+q+v+w+|+}++++++++++++++++++++++++++,,--b.l..8///01112292X22334w44)55f67V888`99E::-;d;;;8<m<< ==#??O@ATAABB CCqDDEEFGcHEIsJJKLNNFOuOP QGQQ RERRRRT.UcUuUUU[VV4WFWpWWXXYLYpYYYYY/Z0ZZZq[[\\\\\\\\\\]]]'])]*].]G]I]J]N]j]l]m]q]]]]]]]]]]]]]^^^!^O^Q^R^W^o^q^r^w^^^^^^^^^^^^^___"_7_9_:_?_h_j_k_p__________j`a$aXa\aca}aaaaaaaaaaab b/b0b3bKbxbbbbbbbbbb!c;coЕ$+2Vϖderyӗ!IJV]ɘ MNZaeܙ,-9@Dfps֟SN@O>6ܫNӬJíL,կѰ3ޱ@ABSʲ'aϳг#uv<ƶ,-MͷηϷ>ƸMTUh2ֻCEFfܽJKb=uvwLMNOdc zX tH~s]!"1+,-7 -4CWsSw12,}6#lwl\"mM q-}G&f#Q}fi   s t     +,-./0123456789:;<=>?@ABCD>rs)Oq}_|QRac:;NP&nBoI28bcsCefyM . T g |        !!!!3!A!Q!R!S!V!$"%"2"b"g"h"i"l""""""?#@#q#r#s#t##$l$$$$$<%=%T%%%F&&&&&&&''}((w))*L+,d,:-g--..\/}///// 0#0$0&0(0*0,0.0/000]0^0_00000000 1 151?1112z22(3k334?4Z445556 6 6 6;6<6=6>6?6@6A6B6C6D6P666q77U889K:r;;6<n= >??2@x@@BDbEEEENFFF0GxGGHHhHpHHHLIVIIIJ?KKULM~NNEOOMPQ(RvRSTUVVWWJXXAYYYZk[[[[[[[[[[[[[[[[[[[[[[[[[[[[W\a\\\3]]]]5^Q^y^^^^^p_{_____`@``` aOaaPbbcGccccde#e;eSe}eeeff gghhKhMhQhhhnhhhhhhhhDiEiGijiiiiii#jIjXjjjjjjj?k@kBk`kkkkkkl)l8lllllllllmm&m5mmmmmmmmmnn n/n0n1nnnnnnnnnnnnnnnnnnnnnnnnoAopoo pp q*qhqqqrs2t$uwuvvvvvwwxlxxx(yIybyyyy>zzz|||Q}~~6lJ€<=>?BEHKTUVbcdefg΂ς܂݂56]^҃Ӄ01OPĄЄфۄ,-9:х҅EFefv  +,;<VWƇLJ݇އ:;HI[\cdz{͈Έ>?^_҉Ӊ)*78GHabz{ӊԊ !12DE`amnʋˋ&'67UVdestȌɌ$%178RS^ghtu܍ݍ0000000000000000000(0000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0F 0F 0F0000 0 0 000000 0 0tt0000000000000000000H00#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#0#H0090909090909090909090909090909090909090909H00bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bC0bCH00H 0H 0H 0H 0H 0H 0H 0H 0H 0H0H0H0H0H0H0H0H0H0H0H0H0H0H0H0H0H0H0H0HH00`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`]0`] 0tt00000000000000H0000000000000h000000000000000000000000000000 0000000000 0tt000000000000 000 000000000 0 00޿0޿0޿0޿0޿0޿0޿0޿0޿0޿0޿ 0޿ 0޿ 0޿0޿ 00"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0" 0" 0" 0" 0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0"0" 0"0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00000000 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 H0 0 0  0  0  0  0  0  "0 "0 "0 "0 "0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  %0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0  0 0 0 0 0 0 0 0 0 0 0 0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0 0 0  0  0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0 0  0  0 0 0 0 0 0 0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0 0  0  0 0  0 0  0 0  0 0  0  0  0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0  0  0  0  0  0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0  00sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ0sJ 0 00Z0Z0Z0Z0Z0Z0Z0Z0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z0Z0Z0Z0Z0Z0Z0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z 0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z0Z 00Z0Z00000000000000000000000000000000000000000000000000 0 0 0 0 0 00 00 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 00 0 0 0 0 00000000000000000000000000 00000000000h00 0 0 0 0 0 0 0 00 00 0 0 00 00 00 0 00 000 00 0 00 00 0 0 0000 00 0 0 00 0 0 0 00 00 00 0 00 0 0 0 00 000 0 0 00 0 0 0 00 0 0 0 0 0 0 0 0 0 0  0  0 00 00Z0Z0000000000000 0 0 0 0 0 0 00 0 00000000000000 0 0 0 0 0000 000 0 00(0(000000000000000000000000000000000000000(0(0000000000000000000000000000000000000000000000000"0(0000000000000000000000000000000000000000000000000000000000000000000000000000 0 0 00 0 0 00 0 0 00 0 0 00 0 0 00 0 0 0000000000000 00 00 0 00 000 0000000 0 00 000000000 000000 0 00 00 000000 0 0 00 0000 0 0 0 00 0 0 00 00 0 00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00000000000000000000 0 0 0 0 0 0 0 0 0 0 0 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00000000000000000000000000000000000000000000000      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdejghiklmnopqrstuvw000000000000000000000000000h00h00h00h00h00h00h00@ 0@ 0@ 0@ 0h00h000h00h00h0(0h0`0h0  0h0  ܗ0h0 6<0h0/<0h0(0<0h0@0h0@0h0A0h0<0h0<0h0,<0h0 D0 0h0"#0h0$%Ъ00h0'(<"00h0*+"000h0./HC0h001C0h023C0 h045C00h067(D0h089`D0h0:;൫0hh0<=000h0@A0h0BC00h0EF0h0GH@y0h0IJxy0h0KLy0h0MNy0h0OP z0h0QRXzp0h0STz0h0UVz0h0WX{0Xh0YZ.<0 h0[\(/<0h0]^`/<0h0_`/<0 h0ab/<0h0cd0<0h0ef@0<0 h0ghx0<0h0ij0<0hh0kl0<0h0mn 1<0h0op#0h0qrH#0h0st#0h0uv#0h0wx#0Ph0yz(#0h0{|`#0h0}~#0h0Њ#0h0#0h0@#0h0@#0h0x#0h0#0h0դ0h00֤0h0h֤0h0֤0@h0֤0h0פ0h0Hפ0h0פ0Ph0פ0h0פ0h0(ؤ0Ph0`ؤ0h0ؤ0h0ؤ0h0٤0h0@٤0h0x٤0h0٤0h0P^#0h0^#0h0^#0h0^#0h00_#0h0h_#0h0_#0h0_#0h0`#0h0H`#0h0`#0h0`#0h0`#0h0(a#00h0|a#0h0a#00h0b#0h0@b#0h0xb#0h0 V0h0V0h0V0h0V0h0b#0h0  '''''* b lr>@Ah$2SX>^p<A\$$/LztDLOPQRSTUVWX[bent !+789:@DINS[auy| 2Ie.ش2.??@B6CC$S TU0VWvXXY]]]$^b^^^_R_d{8șZh@Dڝ@zܞ\Υ~"֧2z  `*bA@BDJNTX^`ty^r H$  D  |Bl|!F"l$%&:)*--@P@d@@(KZlsʘJܱ(ȷhX\DpDMYZ\]^_`acdfghijklmopqrsuvwxyz{|}~     "#$%&'()*,-./0123456;<=>?ABCEFGHJKLMOPQRTUVWXYZ\]^_`bcdefghijklmnopqrstvwxz{}~BN !@Jeghj2MOPRq2568W:=>@_3679X7RUVXw$?BCEd   +Mhlmo57 X%X%X%X%X%X%X%X%X%X%X%X%X%X%X%X%X%̕:: !*!!4 !?2$px}{h QS)92$|b#G SPiP+02$x׎ŐHեl)[@o  n(  h Y5+!  3"hB  C D#" "B B 6D?#" "Wy#Wh  # #"   h  # #" pq, h  # #" Y0 1d  h  # #" Y . h   #  #" Y^ h   #  #" Y& h   #  #" e   h   #  #" -  h   # #"  T  h  # #" i&!  h  # #" y#5+e   h  # #" y# 5+-  h  # #" y#5+[  h  # #" y#5+ h  # #" Y  nB  S D#" ;;nB  S D#" q;";hB  C D#"   hB  C D#" I&I&hB  C D#" 4 4 hB  C D#" hB  C D#" 4 nB  S D#" 1  nB  S D#" nB  S D#" WWhB  C D#"  0 A0 hB  C D#"  WAWhB   C D#" A0 AWB ! 6D?#"  AB " <D?#" TB # <D?#" $"$B $ <D?#" A-"-B %B 6D?#" "y#B &B 6D?#" " y# B 'B 6D?#" "y#B ( 6D?#" ""Wh ) # )#" "* b F) * #" b + # +"F ~ b , # ," F~ b - # -"F~ b . # ."]!F)~ b / # /" ]! hB 0 S D" b bhB 1 S D"bbhB 2 S D"b]!bbB 3 C D"%~%hB 4B S D"]!%bB 5B C D" hB 6 S D"~\@ ) o+g+  xn  )n1 7 #" ) o5+g+ 8 s *8>)X?"i q  9 s *9>)X?"1]!  : s *:>)X?"u &!  ; s *;>)X?") ^#i.&  < s *<>)X?"u }V  = s *=>)X?"  > s *>>)X?"b%2 hB ? S D>"bhB @ S D>"2hB A S D>"hB BB S D>" hB C S D>"%^#%$hB D S D>"^#$hB E S D>""&hB FB S D>"}&z q *$ G# 3"&)^# H s *H>)X?"q *$ hB I S D>"y#"y#$hB JB S D>"q"*"hB K S D>"!^# L s *L>)X?"$]!'  M s *M>)X?")},  N s * N>)X?"1)-   O s *!O>)X?" )"+ !hB PB S D>"E .&)hB Q S D>".&i)hB R S D>"') S s *"S>)X?"1R/n1 "hB T S D>"i-jR/ U 6#Uo?"y# +  #b 5+p7 V #" hB W C D#"  w& h X # $X#"  w&  $h Y # %Y#" ) R %h Z # &Z#" ) R &h [ # '[#" ) 5+R 'h \ # (\#" v (h ] # )]#" f )h ^ # *^#"  ~2# *h _ # +_#"  ,~1 +h ` # ,`#" v$~k+ ,h a # -a#" ~| -h b # .b#" ~ .h c # /c#" ~H- /h d # 0d#"  0h e # 1e#" =  1h f # 2f#" %) 2h g # 3g#" !# 3h h # 4h#" ^ )b 4h i # 5i#" ^ )q 5h j # 6j#" f ) 6h k # 7k#" f )" 7h l # 8l#" f #*' 8h m # 9m#" f B()Q- 9h n # :n#" f -)3 :h o # ;o#" ^ 3)p7 ;hB p C D#"   hB q C D#"  ) hB r C D#"  ) hB s C D#" w& w&) hB t C D#" R.hB u C D#" hB v C D#" WWB w 6D?#" L!L!B x 6D?#" ''B y 6D?#" ..B z 6D?#" R'B { 6D?#" 8~8B | 6D?#" b~bB } 6D?#" ~B ~ 6D?#" ~B  6D?#" ##B  6D?#" ""B  6D?#" ''B  6D?#" R5B  6D?#" |^ |B  6D?#" ^ B  6D?#" f B  6D?#" \&f \&B  6D?#" *f *B  6D?#" {0f {0B  6D?#" 5f 5B  6D?#" ^ <  # AJ  # A"@  o) TB  C DGTB  C DE M` p40*+ #"  o)Z  3 <4l <Z  3 =<(#0*`' =Z  3 >pt"H( >Z  3 @|)<+ @N   A ! ATB  C DPlPTB  C D!!!TB  C D!t"TB  C D!!!(#TB  C D ( |)TB  C D#`'#|)TB B C D|)#|) b ,Q-<  #" T  # ? ,". ?T  # B 03 BT  # C%0)3 CTB  C D9.9F0TB  C D}F0]!F0TB  C D}F0}0TB  C D]!F0]!0T  # D25: DT  # Eu 25: ET  # F}25: FT  # G4q: GT  # H%4"< HT  # I"4': IT  # Je(4Q-: JTB  C D}3}~4TB  C D ~4~4ZB  S D ~4 25ZB  S D ~4 25ZB  S D~425TB  C D]!3]!~4TB  C DU~4)~4ZB  S DU>4U4ZB  S DA>4A4ZB  S D)>4)4ZB  S D$>4$4<  # AHB @ C D @  .:  N   K ]!  KN   L]! LN   M]!O MTB  C D9 9TB  C D99TB  C D9O9kTB  C Dk5+kTB  C DkN   N W NTB  C DmWm4T  # O  " ON   P# % PN   Q{&a) QN   Rg+a. RN   S!3 [7 STB  C Dm1!1TB  C Dm,,TB  C Dm''TB  C Dm_$_$TB  C Dm!!N   T1W TN   U1 %! UN   VC"q_$ VN   W%q/' WN   X'g+ XN   Y, 7. YN   Z. 1 ZN   [1 3 [TB  C D};}#3TB  C D9k9TB  C D}#3#3TB  C D}S0S0TB  C D},,TB  C D}))TB  C D}%%TB  C D}""TB  C D}s1sTB  C Dm4!4N   \!S0o2 \N   ]I&W ]N   ^ I&! ^N   _C"I&/' _N   `'I&g+ `N   a,I&o2 aN   b#3I&6 bN   c[7I&: cTB  C D"k"TB B C D;;TB  C D;[7TB  C DssTB  C D%%TB  C D))TB  C D..TB  C D44N   d'.W dTB  C D5+k5+N   e'.  eN   f'C".% fN   g'{&.( gTB B C D&;';TB  C D&;&'TB  C D&'''TB  C D&_$'_$TB  C D&' '' b  o)  #"  TB  C DGTB  C DE Mn p40*+  #"  o)T  # l4l lT  # k<(#0*`' kT  # jpt"H( jT  # i|)<+ iN   h ! hTB   C DPlPTB   C D!!!TB   C D!t"TB   C D!!!(#TB   C D ( |)TB  C D#`'#|)TB B C D|)#|)B S  ? (HWY6o#',*r$ 4 D%$tV#14<>04> 4g+7,h(#Ht'4 r`'0t tX$8t= _Toc73306533 _Hlt86598366 _Hlt85226344 _Hlt85230595 _Hlt85275044 _Hlt85275045 _Hlt85231600 _Hlt85275920 _Hlt85275921 _Hlt85271154 _Hlt85226732 _Hlt86598256 _Hlt86598257 _Hlt85355084 _Hlt85355085 _Hlt106697459 _Hlt85274951 _Hlt85274952 _Toc85216492 _Toc85226327 _Toc73306534 _Toc85216493 _Toc85226328 _Toc73306535 _Toc85216494 _Toc85226329 _Toc73306536 _Toc85216495 _Toc85226330 _Toc73306537 _Toc85216496 _Toc85226331 _Toc85216497 _Toc85226332 _Toc85216498 _Toc85226333 _Toc73306539 _Toc85226334 _Toc85216499 _Toc73306540 _Toc85226335 _Toc73306541 _Toc73306542 _Toc85216500 _Toc85226336 _Toc85216501 _Toc85226337 _Toc73306544 _Toc85216502 _Toc85226338 _Toc85216503 _Toc85226339 _Toc85216504 _Toc85226340 _Toc84023783 _Toc85216505 _Toc85226341 _Toc85216506 _Toc85226342 _Toc85216507 _Toc85226343Hj11zi4ttt޿޿"" %sJsJsJ0Z0ZZZZHH3  @@@@@@@@@ @ @ @ @ @@@@ !"#$%&'()*+,-./0123456789:;<I22{j5څڅڅݿݿLLKKK%JJJZZZZZKK||3**w x .y 8C*urn:schemas-microsoft-com:office:smarttagsmetricconverter vB 2003 32004 3 ProductIDDF !?AHI8;=>G  |*}*YYNOQRS]cdef\]RXbcdfpqst{}??AABBDEGHJKSVafgBD\!d!$$**i,l,m,u,Q/Y/#8*9e:f:g:h:; ;e;k;==p@}@AAIILLMNScccdffcnrnPxx}}ijlmfg|RSz|xBIտ׿ ozBLJP BRdp?KnwR(](W,Y,<3B3<<lLzLNNNNWWYYZZ\\``eeuKvbzdzЃكÅŅB@B͊Ԋw"ŸƸLtG5MN5?>@24|hmNORSDE#$AV    km67      !!_"a"''..@@EEFFeHgH>ICIOPAVXVWWghMhNhqqxxx>??AABBDEGHJKVa  ( G^5B1> ^%h%78AAjHHHRSo\~\ۅkKbEfs{ʻ۽_"NAAv9;$)F    ,2  ciBH$Y+N=d9?jpAGNT+1 &v} %H&&&'I''''(*+;-;m<<==E@O@vBBEELLZZ\]*]q]]]]!^R^w^^^_?_k__^`j``aXaaaKbxbbbb!c?caccdd%f/f~L/oЕ2eyJ]ɘNeܙ-f-V\ah8Gqw- s Rc;PCf  3!V!!%"b"l"""l$$=%T%&&///00t55LMKhhEiiii#jXjjj@kkk8llll5mmmmn(yIy>??AABBDEGHJKVa??AABBDEGHJKfg L=L8}[ 9=$9D=<*IIЖN]cOdj#4TNC0hг[8EmvT.<o"ff^f`OJPJQJo(- ^`OJQJo(o n n ^n `OJQJo( > > ^> `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ~~^~`OJQJo(o NN^N`OJQJo(^`o(;020.P^`Po(..]5^]`o(...Ux ^U`xo(.... M ^M `o( ..... E Xu^E `Xo( ...... =E^=`o(....... 58^5`8o(........ u`M^u``o(.........^`o(.ee^e`.5 L5 ^5 `L.^`.^`.L^`L.uu^u`.EE^E`.L^`L.h^`OJQJo(hH^`OJPJQJ^Jo(-hpp^p`OJQJo(hHh@ @ ^@ `OJQJo(hHh^`OJQJ^Jo(hHoh^`OJQJo(hHh^`OJQJo(hHh^`OJQJ^Jo(hHohPP^P`OJQJo(hHh^`.hee^e`.h5 L5 ^5 `L.h^`.h^`.hL^`L.huu^u`.hEE^E`.hL^`L.h^`.hee^e`.h5 L5 ^5 `L.h^`.h^`.hL^`L.huu^u`.hEE^E`.hL^`L.ff^f`OJPJQJo(- ^`OJQJo(o n n ^n `OJQJo( > > ^> `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ~~^~`OJQJo(o NN^N`OJQJo(h ^`OJQJo(h ee^e`OJQJo(oh 5 5 ^5 `OJQJo(h ^`OJQJo(h ^`OJQJo(oh ^`OJQJo(h uu^u`OJQJo(h EE^E`OJQJo(oh ^`OJQJo(K^K`o(;020 .g^`go(..^`o(...x^`xo(....   ^ `o( .....  X# ^ `Xo( ......  ^ `o(....... 8[^`8o(........ `+^``o(.........ff^f`OJPJQJo(- ^`OJQJo(o n n ^n `OJQJo( > > ^> `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ~~^~`OJQJo(o NN^N`OJQJo( 8Em[ L=N]cO9D.<o#4T=*IC0h  (j2RemJ^VN$&'>@Asuv  F T g                              " , / 0 1 2 < ? @ A B M P Q R S [ _ ` a b n r s        ,/012@m_d"՜.+,D՜.+,4 hp  HOMEH    8@ _PID_HLINKSATf8b _Toc852263438\ _Toc852263428V _Toc852263418P _Toc85226340?J _Toc85226339?D _Toc85226338?> _Toc85226337?8 _Toc85226336?2 _Toc85226335?, _Toc85226334?& _Toc85226333?  _Toc85226332? _Toc85226331? _Toc85226330> _Toc85226329> _Toc85226328> _Toc85226327  F Microsoft Office Word MSWordDocWord.Document.89q  cfghiBEFGHSVWXY%()*+HKLMN=ABSd9<=>?jmnopADEFGNQRST+./01 #$%&vz{|} S%%%%%%&&&&C&H&&&'''D'I'''''')(.(<(A(O(P(R(~((((((****************++ ++++++%+++1+7+=+>+D+I+N+S+X+]+^+e+k+q+w+}+++++++++++++++\\\\\\\]]]'])]*].]G]I]J]N]j]l]m]q]]]]]]]]]]]]]^^^!^O^Q^R^W^o^q^r^w^^^^^^^^^^^^^___"_7_9_:_?_h_j_k_p________Xaca}aaaaaaaaaaab/b0b3bKbxbbbbbbbbbb!c;c