ࡱ> 9 7bjbj560l* * *    AAA8ANB j6CE"EEEFHaIP$  IFFIIK EE (KKKI@ E EKIKpKY E*C G 5AIMJH<IK !>45@60=85  TOC \o "1-3" \h \z  HYPERLINK \l "_Toc64835280" 2545=85  PAGEREF _Toc64835280 \h 3  HYPERLINK \l "_Toc64835281" ;020 I. '0AB=0O >E@0==0O 45OB5;L=>ABL :0: 284 2>7<574=>3> >:070=8O CA;C3  PAGEREF _Toc64835281 \h 9  HYPERLINK \l "_Toc64835282" 1.1.>=OB85 8 >A=>2=K5 7040G8 G0AB=>9 >E@0==>9 45OB5;L=>AB8  PAGEREF _Toc64835282 \h 9  HYPERLINK \l "_Toc64835283" 1.2. ;0AA8D8:0F8O 284>2 >E@0==KE CA;C3  PAGEREF _Toc64835283 \h 10  HYPERLINK \l "_Toc64835284" 1.3. !C1J5:BK 3@0640=A:>-?@02>2KE >B=>H5=89 ?@8 >:070=88 >E@0==KE CA;C3  PAGEREF _Toc64835284 \h 13  HYPERLINK \l "_Toc64835285" ;020 II. @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8  PAGEREF _Toc64835285 \h 25  HYPERLINK \l "_Toc64835286" 2.1. 0728B85 8=AB8BCB0 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88  PAGEREF _Toc64835286 \h 25  HYPERLINK \l "_Toc64835287" 2.2. @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 2 =0AB>OI55 2@5<O  PAGEREF _Toc64835287 \h 30  HYPERLINK \l "_Toc64835288" 2.3. 564C=0@>4=K9 >?KB 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8  PAGEREF _Toc64835288 \h 42  HYPERLINK \l "_Toc64835289" ;020 III. 0?@02;5=8O A>25@H5=AB2>20=8O 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88  PAGEREF _Toc64835289 \h 49  HYPERLINK \l "_Toc64835290" 3.1. A=>2=K5 <5B>4K A>25@H5=AB2>20=8O $545@0;L=>3> 70:>=0 " G0AB=>9 >E@0==>9 45OB5;L=>AB8"  PAGEREF _Toc64835290 \h 49  HYPERLINK \l "_Toc64835291" 3.2.CB8 A>25@H5=AB2>20=8O #3>;>2=>3> 70:>=>40B5;LAB20 2 F5;OE CA8;5=8O 1>@L1K A ?@5ABC?=>ABLN 2 AD5@5 G0AB=>9 >E@0==>9 45OB5;L=>AB8  PAGEREF _Toc64835291 \h 57  HYPERLINK \l "_Toc64835292" 3.3.5>1E>48<>ABL A>25@H5=AB2>20=8O 2A53> :><?;5:A0 70:>=>40B5;LAB20 2 AD5@5 G0AB=>9 >E@0==>9 45OB5;L=>AB8, A?>A>1=>3> C?@>AB8BL ?@8<5=5=85 =>@<K >B25BAB25==>AB8 70 ?@52KH5=85 ?>;=><>G89 G0AB=K<8 >E@0==8:0<8  PAGEREF _Toc64835292 \h 64  HYPERLINK \l "_Toc64835293" 3.4.@>1;5<K 8 ?CB8 A>25@H5=AB2>20=8O 2708<>459AB28O G0AB=KE >E@0==KE ?@54?@8OB89 8 ?@02>>E@0=8B5;L=KE >@30=>2  PAGEREF _Toc64835293 \h 68  HYPERLINK \l "_Toc64835294" 0:;NG5=85  PAGEREF _Toc64835294 \h 77  HYPERLINK \l "_Toc64835295" !?8A>: ;8B5@0BC@K  PAGEREF _Toc64835295 \h 85  2545=85 K18@0O B5<C 48?;><=>9 @01>BK O @5H8; >AB0=>28BAO =0 B0:>< 0:BC0;L=>< 2>?@>A5 2 =0H5 2@5<O, :0: 3@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8, 0 8<5==>, 53> A>2@5<5==>5 @53C;8@>20=85 8 ?CB8 A>25@H5=AB2>20=8O. '5< >1CA;>2;5=0 0:BC0;L=>ABL MB>9 B5<K: >@5==K5 ?@5>1@07>20=8O, ?@>8AE>4OI85 2 ?>A;54=55 45AOB8;5B85 2 =0H59 AB@0=5, E0@0:B5@87C5<K5 :0@48=0;L=K<8, =5>@48=0@=K<8, ?>4G0A AB8E89=K<8, 4> :>=F0 =5 ?@>4C<0==K<8 @5H5=8O<8 8 459AB28O<8 2;0AB=KE >@30=>2 2A5E C@>2=59, ?>@>48;8 F5;K9 @O4 :0: ?>78B82=KE, B0: 8 =530B82=KE 87<5=5=89 2 A>2@5<5==>< @>AA89A:>< >1I5AB25. >A?5H=>5 ?@>2545=85 M:>=><8G5A:8E, ?>;8B8G5A:8E 8 A>F80;L=KE @5D>@<, 2K@065==KE, 2 G0AB=>AB8, 2 =5 >3@0=8G5==KE :>=:@5B=K<8 70:>=>40B5;L=K<8 @0<:0<8: ?@820B870F88 - @073>AC40@AB2;5=88 A>1AB25==>AB8, 87<5=5=88 3>AC40@AB25==>3> ?>;8B8G5A:>3> :C@A0, @0728B88 G0AB=>?@54?@8=8<0B5;LA:>9 45OB5;L=>AB8, ?@825;> : F5;><C @O4C A5@L57=KE >B:;>=5=89, 2 B>< G8A;5, : @0728B8N :@8<8=0;L=>9 A8BC0F88 2 >AA88 - :0G5AB25==> =>2>3> D5=><5=0  :0: ?> <0AHB010< ?@5ABC?=KE ?@>O2;5=89, B0: 8 ?> AB5?5=8 8E @07@CH8B5;L=>3> 2;8O=8O =0 687=545OB5;L=>ABL >1I5AB20, ?@020 8 A2>1>4K 3@0640= . 0 D>=5 @072820NI8EAO =>2KE M:>=><8G5A:8E >B=>H5=89 @57:> 2>7@>A;> 8 =5C:;>==> ?@>3@5AA8@C5B :>;8G5AB2> ?@5ABC?=KE ?>AO30B5;LAB2 ?@>B82 ;8G=>AB8, >1I5AB20, 3>AC40@AB20. @8<8=0;L=K9 <8@ 2K@010BK205B 8 ?@8<5=O5B =>2K5, <0;>87CG5==K5, 0 A>>B25BAB25==> 8 A;>6=> @0A:@K205<K5 <5B>4K 8 A@54AB20 ?;0=8@>20=8O, ?>43>B>2:8 8 A>25@H5=8O ?@>B82>?@02=KE 45O=89. "0:8< >1@07><, 2 A;>682H8EAO =0 A53>4=OH=89 45=L CA;>28OE, A>2@5<5==0O >B5G5AB25==0O =0C:0 @5H05B =>2K5 7040G8, :0A0NI85AO A>740=8O, ?>AB@>5=8O 8 @0728B8O >AA88, :0: ?@02>2>3> 3>AC40@AB20, =5C:;>==> 8 F5;5=0?@02;5==> 4>1820NI53>AO @53C;8@>20=8O 2A5E 2>?@>A>2 687=545OB5;L=>AB8 ;8G=>AB8, >1I5AB20, 3>AC40@AB20 8A:;NG8B5;L=> 70:>==K<8 <5B>40<8 8 A@54AB20<8. !;>682H0OAO A53>4=O 2 =0H59 AB@0=5 :@878A=0O A8BC0F8O, 2K720==0O F5;K< @O4>< =54>AB0B:>2, >1J5:B82=KE 8 AC1J5:B82=KE ?@8G8=, 4>?CI5==K<8 >H81:0<8 ?@8 ?;0=8@>20=88 8 @50;870F88 @5D>@< A>F80;L=>-?>;8B8G5A:>9, ?@02>2>9 8 M:>=><8G5A:>9 A8AB5< >AA89A:>9 $545@0F88,  G0AB8G=>9 0B@>D88 ?@02>>E@0=8B5;L=>9 DC=:F88 3>AC40@AB20 ?>A;C68;0 ?@8G8=>9 ?>O2;5=8O =530B82=KE >B:;>=5=89 2 >1I5AB25==>< ?@02>A>7=0=88, ?@825;0 : :@8<8=0;870F88 @>AA89A:>3> >1I5AB20.  :><?;5:A5 2>7=8:0NI8E ?@>1;5<, =5<0;>206=>5 7=0G5=85 ?@8>1@5B05B, 2 G0AB=>AB8, 8AA;54>20=85 ?@>F5AA>2, A2O70==KE A 87CG5=85< 2>?@>A>2 ?@02>2>3> ?>;>65=8O 45OB5;L=>AB8 8 A>F80;L=>9 70I8BK =5?>A@54AB25==KE AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8, 0 8<5==> - G0AB=KE >E@0==8:>2; 87CG5=85 8 8AA;54>20=85 ?@02>2KE >A=>2 45OB5;L=>AB8 G0AB=KE >E@0==KE AB@C:BC@, 0 B0:65 8AA;54>20=85 8 87CG5=85 >A=>2>?>;030NI8E ?@8=F8?>2 40;L=59H53> A>25@H5=AB2>20=8O ?@>F5AA>2 8 <5E0=87<>2 2708<>459AB28O G0AB=KE >E@0==KE AB@C:BC@ A ?@02>>E@0=8B5;L=K<8 >@30=0<8, :0: =>2>9 A>F80;L=>-?@02>2>9 D>@<K ?@>B82>459AB28O 8 ?@>D8;0:B8:8 ?@5ABC?=>AB8 2 =K=5H=8E A;>6=KE CA;>28OE @072820NI8EAO 2 >AA88 @K=>G=KE >B=>H5=89. >AA89A:>5 3>AC40@AB2> ?@8=O;> "AB0@B>2K5" 70:>=K, 2 F5;>< @53;0<5=B8@CNI85 G0AB=CN >E@0==CN 45OB5;L=>ABL, 8=K<8 A;>20<8 =53>AC40@AB25==CN ?@02>>E@0=8B5;L=CN, 45OB5;L=>ABL. ;O CA?5H=>9 @50;870F88 40==>3> 70:>=>40B5;LAB20 =5>1E>48<> A>740BL <>I=>5 >@30=870F8>==>-<5B>48G5A:>5 >15A?5G5=85, :>B>@>5 ?>72>;8B F5;5CAB@5<;5==> 8 <5B>48G=> ?@>2>48BL ?>;8B8:C 8A?>;=5=8O 40==>3> 70:>=>40B5;LAB20, 53> @0728B8O 8 A>25@H5=AB2>20=8O. 54CI0O @>;L 2 A>2@5<5==KE CA;>28OE >B2>48BAO :>=B@>;N A> AB>@>=K 3>AC40@AB20 70 45OB5;L=>ABLN G0AB=KE >E@0==KE AB@C:BC@, :0: A?5F8D8G5A:8E AC1J5:B>2 ?@54C?@5645=8O ?@5ABC?;5=89, >ACI5AB2;ONI8E ?@>D8;0:B8:C 8 70I8BC 70:>==KE ?@02 8 8=B5@5A>2 ;8G=>AB8 >B ?@>B82>?@02=KE ?>AO30B5;LAB2. 5<0;>5 7=0G5=85 ?@8>1@5B05B 8 =5>1E>48<>ABL 2A5AB>@>==59 ?>43>B>2:8 @C:>2>48B5;59 =>2>3> B8?0, >1;040NI8E @50;L=K<8 ?@02>2K<8 >A=>20<8 >@30=870F88 45OB5;L=>AB8, ?>72>;ONI8<8 8< A <0:A8<0;L=>9 ?@>4C:B82=>ABLN 2 ?@>F5AA5 ?@0:B8G5A:>9 45OB5;L=>AB8 3@0<>B=>, @5H8B5;L=> 8 381:> >ACI5AB2;OBL C?@02;5=85 G0AB=K< 45B5:B82=K< 8 >E@0==K< ?@54?@8OB85< 8 53> 2708<>459AB285< A 3>AC40@AB25==K<8 ?@02>>E@0=8B5;L=K<8 AB@C:BC@0<8 ?> ?@54C?@5645=8N ?@5ABC?;5=89. 5>4=>7=0G=>ABL 2>A?@8OB8O =>2KE, G0AB=KE >E@0==KE AB@C:BC@ :0: =0 1KB>2><, B0: 8 =0 =0CG=>< C@>2=OE >1CA;02;8205B >1I5B5>@5B8G5A:>5 7=0G5=85 8AA;54C5<>9 B5<K. !;>682H55AO 2 A>2@5<5==>< >AA89A:>< >1I5AB25 ?>;>65=85, E0@0:B5@87C5<>5 ?@>3@5AA8@CNI8< @>AB>< ?@5ABC?=KE ?>AO30B5;LAB2 ?@>B82 687=8, 74>@>2LO ;8G=>AB8 8 8<CI5AB20 70AB02;O5B >1@0B8BLAO : 70@C156=><C >?KBC. @0:B8:0 ?>:07K205B =52>7<>6=>ABL @5H5=8O ?@>1;5< ?@>D8;0:B8:8 8 ?@>B82>459AB28O ?@5ABC?=>AB8 ;8HL A8;0<8 3>AC40@AB25==KE ?@02>>E@0=8B5;L=KE >@30=>2. ?KB M:>=><8G5A:8 @0728BKE 3>AC40@AB2 45<>=AB@8@C5B =5>1E>48<>ABL ?@82;5G5=8O : ?@02>>E@0=8B5;L=>9 8, 2 ?5@2CN >G5@54L, ?@>D8;0:B8G5A:>9, 45OB5;L=>AB8 708=B5@5A>20==KE G0AB=KE ;8F 8 AB@C:BC@. 07@5;0 ?@>1;5<0, 70:;NG0NI0OAO 2 @5H5=88 2>?@>A>2, A2O70==KE A A>740=85< 8 @50;870F859 B>G=>3>, N@848G5A:8 8 M:>=><8G5A:8 2K25@5==>3> ?@02>CAB0=02;820NI53> <5E0=87<0, ?>72>;ONI53> ?@>D5AA8>=0;L=> >@30=87>2K20BL 8 C?@02;OBL 45OB5;L=>ABLN G0AB=KE >E@0==KE AB@C:BC@ 8 >ACI5AB2;OBL 8E 2708<>459AB285 A ?@02>>E@0=8B5;L=K<8 >@30=0<8 ?> ?@54C?@5645=8N ?@5ABC?;5=89. 5>1E>48<>ABL A>740=8O C?>@O4>G5==>3> 8=AB8BCB0 >@30=870F89, >ACI5AB2;ONI8E G0AB=CN >E@0==CN 45OB5;L=>ABL 48:BC5BAO >1J5:B82=K<8 70:>=0<8 @50;L=>AB8. >AC40@AB2>, :0: :>=B@>;8@CNI0O 8 @53C;8@CNI0O AB@C:BC@0, 4>;6=> ?@028;L=> ?;0=8@>20BL 8 C?@02;OBL MB8< ?@02>>E@0=8B5;L=K< ?@>F5AA><, 8AE>4O 87 @50;L=KE >F5=>: A:;04K20NI53>AO ?>;>65=8O 2 AB@0=5, >1>1I0O 8 CG8BK20O >B5G5AB25==K9, 0 B0:65 70@C156=K9 >?KB. ;O MB>3> =5>1E>48<> A>740=85 A>>B25BAB2CNI59 70:>=>40B5;L=>9 107K, <5E0=87<0 2708<>459AB28O G0AB=KE >E@0==KE AB@C:BC@ A ?@02>>E@0=8B5;L=K<8 >@30=0<8 ?> ?@54C?@5645=8N ?@5ABC?;5=89. 5>1E>48<> G5B:> >?@545;8BL @>;L 3>AC40@AB20 2 MB>< ?@>F5AA5, >B@01>B0BL 2>?@>A :>=B@>;O 8 =047>@0 70 45OB5;L=>ABLN G0AB=KE >E@0==KE AB@C:BC@. AA;54>20=85 ?5@5G8A;5==KE 2>?@>A>2 ?> ?@02>2><C @53C;8@>20=8N G0AB=>9 >E@0==>9 45OB5;L=>AB8 O2;O5BAO >4=>9 87 0:BC0;L=KE 8 206=KE >1I53>AC40@AB25==KE 7040G.  >AA88 =0 A53>4=OH=89 45=L ?@0:B8G5A:8 =5 ACI5AB2C5B A;>682H8EAO =0CG=KE H:>;, 70=8<0NI8EAO 40==>9 ?@>1;5<>9 B0:, :0: MB>3> B@51C5B 687=L. 0: A2845B5;LAB2C5B 0=0;87 ?@0:B8:8 8 ;8B5@0BC@=KE 8AB>G=8:>2, ?@>1;5<5 ?@02>2KE >A=>2 45OB5;L=>AB8 G0AB=KE 45B5:B82=KE 8 >E@0==KE AB@C:BC@ 8 8E 2708<>459AB28O A ?@02>>E@0=8B5;L=K<8 >@30=0<8 ?> ?@54C?@5645=8N ?@5ABC?;5=89 4> A8E ?>@ C45;O5BAO 4>2>;L=> <0;> 2=8<0=8O. "5>@5B8G5A:0O =5@07@01>B0==>ABL 8 ?@0:B8G5A:0O 7=0G8<>ABL >?@545;8;8 2K1>@ B5<K 48?;><=>9 @01>BK: "@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88". 1J5:B>< 8AA;54>20=8O 48?;><=>9 @01>BK.  :0G5AB25 >1J5:B0 8AA;54>20=8O 2KABC?05B A?5F8D8G5A:89 284 3@0640=A:>-?@02>2KE >B=>H5=89, A2O70==K9 A 45OB5;L=>ABLN G0AB=KE >E@0==KE AB@C:BC@ 8 55 @53C;8@>20=8N. p54<5B>< 8AA;54>20=8O 48?;><=>9 @01>BK. @02>2K5 >A=>2K >15A?5G5=8O >@30=870F88, C?@02;5=8O 45OB5;L=>ABLN, 70:>==>AB8 45OB5;L=>AB8 G0AB=KE >E@0==KE AB@C:BC@ 8 8E 2708<>459AB28O A ?@02>>E@0=8B5;L=K<8 >@30=0<8; ?@02>2>5 ?>;>65=85 8 A>F80;L=0O 70I8B0 G0AB=KE >E@0==8:>2. &5;L 8 7040G8 48?;><=>9 @01>BK. &5;L 48?;><=>9 @01>BK 70:;NG05BAO 2 @07@01>B:5 ?@54;>65=89 8 @5:><5=40F89, =0?@02;5==KE =0 @07@01>B:C ?@02>2KE 8 >@30=870F8>==KE >A=>2 45OB5;L=>AB8 G0AB=KE >E@0==KE AB@C:BC@ 8 ?> A>25@H5=AB2>20=8N 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA88. &5;L @01>BK >?@545;8;0 :@C3 2708<>A2O70==KE 7040G, @5H5=85 :>B>@KE A>AB028;> A>45@60=85 =0AB>OI59 @01>BK.  =8< >B=>AOBAO: >=OB85 8 >A=>2=K5 7040G8 G0AB=>9 >E@0==>9 45OB5;L=>AB8; ;0AA8D8:0F8O 284>2 >E@0==KE CA;C3; !C1J5:BK 3@0640=A:>-?@02>2KE >B=>H5=89 ?@8 >:070=88 >E@0==KE CA;C3; 0728B85 8=AB8BCB0 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88; @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 2 =0AB>OI55 2@5<O; 564C=0@>4=K9 >?KB 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8; A=>2=K5 <5B>4K A>25@H5=AB2>20=8O $545@0;L=>3> 70:>=0 " G0AB=>9 >E@0==>9 45OB5;L=>AB8"; CB8 A>25@H5=AB2>20=8O #3>;>2=>3> 70:>=>40B5;LAB20 2 F5;OE CA8;5=8O 1>@L1K A ?@5ABC?=>ABLN 2 AD5@5 G0AB=>9 >E@0==>9 45OB5;L=>AB8; 5>1E>48<>ABL A>25@H5=AB2>20=8O 2A53> :><?;5:A0 70:>=>40B5;LAB20 2 AD5@5 G0AB=>9 >E@0==>9 45OB5;L=>AB8, A?>A>1=>3> C?@>AB8BL ?@8<5=5=85 =>@<K >B25BAB25==>AB8 70 ?@52KH5=85 ?>;=><>G89 G0AB=K<8 >E@0==8:0<8; @>1;5<K 8 ?CB8 A>25@H5=AB2>20=8O 2708<>459AB28O G0AB=KE >E@0==KE ?@54?@8OB89 8 ?@02>>E@0=8B5;L=KE >@30=>2. !>45@60=85 @01>BK =0H;> A2>5 >B@065=85 2 B@5E 3;020E: '0AB=0O >E@0==0O 45OB5;L=>ABL :0: 284 2>7<574=>3> >:070=8O CA;C3; @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8; 0?@02;5=8O A>25@H5=AB2>20=8O 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88. ;020 I. '0AB=0O >E@0==0O 45OB5;L=>ABL :0: 284 2>7<574=>3> >:070=8O CA;C3 >=OB85 8 >A=>2=K5 7040G8 G0AB=>9 >E@0==>9 45OB5;L=>AB8 A=>2=>5 ?>=OB85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 >?@545;5=> AB0BL59 1. 0:>=0  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8, G0AB=0O >E@0==0O 45OB5;L=>ABL >?@545;5=0 :0: >:070=85 =0 2>7<574=>9 4>3>2>@=>9 >A=>25 CA;C3 D878G5A:8< 8 N@848G5A:8< ;8F0< ?@54?@8OB8O<8, 8<5NI8<8 A?5F80;L=>5 @07@5H5=85 (;8F5=78N) >@30=>2 2=CB@5==8E 45;, 2 F5;OE 70I8BK 70:>==KE ?@02 8 8=B5@5A>2 A2>8E :;85=B>2. 0 3@0640=, >ACI5AB2;ONI8E G0AB=CN >E@0==CN 45OB5;L=>ABL, 459AB285 70:>=>2, 70:@5?;ONI8E ?@02>2>9 AB0BCA @01>B=8:>2 ?@02>>E@0=8B5;L=KE >@30=>2, =5 @0A?@>AB@0=O5BAO. @0640=5, 70=8<0NI85AO G0AB=>9 >E@0==>9 45OB5;L=>ABLN, =5 2 ?@025 >ACI5AB2;OBL :0:85-;81> >?5@0B82=> @>7KA:=K5 459AB28O, >B=5A5==K5 70:>=>< : 8A:;NG8B5;L=>9 :><?5B5=F88 >@30=>2 4>7=0=8O. @02>2CN >A=>2C G0AB=>9 >E@0==>9 45OB5;L=>AB8 A>AB02;ONB >=AB8BCF8O >AA89A:>9 $545@0F88, 0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, 0 B0:65 4@C385 70:>=K 8 8=K5 ?@02>2K5 0:BK >AA89A:>9 $545@0F88. A=>2=K5 7040G8 G0AB=>9 >E@0==>9 45OB5;L=>AB8 >?@545;5=K AB0BL59 3 A=>2=K5 7040G8 >E@0==>9 8 D878G5A:8E ;8F >B ?@>B82>?@02=KE ?>AO30B5;LAB2; >15A?5G5=85 =0 >E@0=O5<KE >1J5:B0E ?@>?CA:=>3> 8 2=CB@8>1J5:B>2>3> @568<>2; A>459AB285 ?@02>>E@0=8B5;L=K< 8 8=K< 3>AC40@AB25==K< >@30=0< 2 >15A?5G5=88 ?@02>?>@O4:0 8 1>@L1K A ?@5ABC?=>ABLN. 1.2. ;0AA8D8:0F8O 284>2 >E@0==KE CA;C3 '0AB=0O >E@0==0O 45OB5;L=>ABL >ACI5AB2;O5BAO 4;O >E@0=K, 2 A>>B25BAB288 A> AB0BL59 3 84K G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8.  F5;OE >E@0=K @07@5H05BAO ?@54>AB02;5=85 A;54CNI8E 284>2 CA;C3: 70I8B0 687=8 8 74>@>2LO 3@0640=; >E@0=0 8<CI5AB20 A>1AB25==8:>2, 2 B>< G8A;5 8 ?@8 53> B@0=A?>@B8@>2:5; ?@>5:B8@>20=85, <>=B06 8 M:A?;C0B0F8>==>5 >1A;C6820=85 A@54AB2 >E@0==>-?>60@=>9 A83=0;870F88; :>=AC;LB8@>20=85 8 ?>43>B>2:0 @5:><5=40F89 :;85=B0< ?> 2>?@>A0< ?@02><5@=>9 70I8BK >B ?@>B82>?@02=KE ?>AO30B5;LAB2; >15A?5G5=85 ?>@O4:0 2 <5AB0E ?@>2545=8O <0AA>2KE <5@>?@8OB89. @54?@8OB8O<, >ACI5AB2;ONI8< G0AB=CN >E@0==CN 45OB5;L=>ABL, ?@54>AB02;O5BAO ?@02> A>459AB2>20BL ?@02>>E@0=8B5;L=K< >@30=0< 2 >15A?5G5=88 ?@02>?>@O4:0, 2 B>< G8A;5 =0 4>3>2>@=>9 >A=>25. !;>682H0OAO =0 A53>4=OH=89 45=L ?@0:B8:0 8 B5=45=F8O 55 @0728B8O 2 CA;>28OE D>@<8@>20=8O 459AB28B5;L=> @K=>G=KE >B=>H5=89 ?>72>;O5B >?@545;8BL ?5@5G5=L >E@0==KE CA;C3, A@548 :>B>@KE C65 A;>682H8<8AO O2;ONBAO: - D878G5A:0O >E@0=0 >1J5:B>2 8 G0AB=KE ;8F A 8A?>;L7>20=85< A>2@5<5==KE B5E=8G5A:8E A@54AB2, >3=5AB@5;L=>3> >@C68O 8 A?5FA@54AB2; - ?@525=B82=>5 :>=AC;LB8@>20=85 @C:>2>48B5;59 2=>2L A>740205<KE ?@54?@8OB89 8 M:>=><8G5A:8E AB@C:BC@ ?> 2>?@>A0< :><?;5:A=>9 157>?0A=>AB8 2 D>@<5 :>=AC;LB0F89, @07@01>B:8 ?@0:B8G5A:8E @5:><5=40F89 8 B.4.; - ?@54>AB02;5=85 ?@54?@8=8<0B5;LA:8< AB@C:BC@0< 30@0=B89 2 >ACI5AB2;5=88 :><<5@G5A:8E A45;>: 8 :@548B>A?>A>1=>AB8 ?0@B=5@>2; - >15A?5G5=85 A8;0<8 =53>AC40@AB25==>3> A5:B>@0 >E@0==KE CA;C3 157>?0A=>AB8 :><<5@G5A:8E >1J5:B>2 3>@>4A:>9 8=D@0AB@C:BC@K; - ?@82;5G5=85 =53>AC40@AB25==>3> A5:B>@0 >E@0==KE ?@54?@8OB89 4;O >15A?5G5=8O 157>?0A=>AB8 ?@54?@8OB89 4;O >15A?5G5=8O 157>?0A=>AB8 ?@>2>48<KE 2 3>@>40E, @5A?C1;8:0E <564C=0@>4=KE :><<5@G5A:8E 2KAB02>:, :>=3@5AA>2, A8<?>78C<>2, B2>@G5A:8E D5AB820;59; - A>2<5AB=>5 ?0B@C;8@>20=85 2 @09>=0E 3>@>40 8 >1I5AB25==KE <5AB0E A ?>4@0745;5=8O<8 ?0B@C;L=>-?>AB>2>9 A;C61K >@30=>2 2=CB@5==8E 45; 2 @01>G5< @568<5 8 2> 2@5<O ?@>2545=8O A>F80;L=> 7=0G8<KE <5@>?@8OB89 8 A>1KB89 :C;LBC@=>-?@>A25B8B5;L=>3> E0@0:B5@0; - >15A?5G5=85 A8;0<8 =53>AC40@AB25==>3> >E@0==>3> A5:B>@0 ?>@O4:0 2 <5AB0E ?@>2545=8O <0AA>2KE :C;BLBC@=>-A?>@B82=KE 8 7@5;8I=KE <5@>?@8OB89; - 8=0O, ?@54CA<>B@5==0O 70:>=0<8 45OB5;L=>ABL. 0: A;54C5B 87 ?5@5G=O 284>2 45OB5;L=>AB8, G0AB=K5 >E@0==K5 ?@54?@8OB8O 25AL<0 @07=>>1@07=K ?> A2>8< F5;O< 8 7040G0<, D>@<0< >@30=870F88 45OB5;L=>AB8, :0G5AB25==><C 8 :>;8G5AB25==><C A>AB02C, GB> O2;O5BAO >A=>2=>9 ?@>1;5<>9 ?@8 @5H5=88 2>?@>A0 > AB5?5=8 A>459AB28O 8< A> AB>@>=K 3>AC40@AB20. 8F>, A>25@H82H55 ?@>B82>?@02=>5 ?>AO30B5;LAB2> =0 >E@0=O5<CN A>1AB25==>ABL, <>65B 1KBL 7045@60=> >E@0==8:>< =0 <5AB5 ?@02>=0@CH5=8O 8 4>;6=> 1KBL =570<54;8B5;L=> ?5@540=> 2 >@30= 2=CB@5==8E 45; (<8;8F8N) (AB. 12 0:>=0 > G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8).  A>>B25BAB288 A> AB0BL59 11 :070=85 CA;C3 2 AD5@5 >E@0=K, >:070=85 CA;C3, ?5@5G8A;5==KE 2 G0AB8 B@5BL59 AB0BL8 3 =0AB>OI53> 0:>=0, @07@5H05BAO B>;L:> ?@54?@8OB8O<, A?5F80;L=> CG@5645==K< 4;O 8E 2K?>;=5=8O. @54?@8OB85, :>B>@>5 2 A>>B25BAB288 A> A2>8< CAB02>< 70=8<05BAO >:070=85< >E@0==KE CA;C3, >1O70=> 8<5BL =0 B> ;8F5=78N, 2K40205<CN 2 ?>@O4:5 CAB0=>2;5==>< 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88. E@0==K< ?@54?@8OB8O< @07@5H05BAO >:07K20BL CA;C38 2 2845 2>>@C65==>9 >E@0=K 8<CI5AB20 A>1AB25==8:>2, 0 B0:65 8A?>;L7>20BL B5E=8G5A:85 8 8=K5 A@54AB20, =5 ?@8G8=ONI85 2@540 687=8 8 74>@>2LN 3@0640= 8 >:@C60NI59 A@545, A@54AB20 >?5@0B82=>9 @048>- 8 B5;5D>==>9 A2O78 E@0==0O 45OB5;L=>ABL ?@54?@8OB89 =5 @0A?@>AB@0=O5BAO =0 >1J5:BK, ?>4;560I85 3>AC40@AB25==>9 >E@0=5, ?5@5G5=L :>B>@KE CB25@6405BAO @028B5;LAB2>< >AA89A:>9 $545@0F88 (AB.11 0:>=0 > G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8). :070=85 2KH5?5@5G8A;5==KE CA;C3 @07@5H05BAO B>;L:> ?@54?@8OB8O<, A?5F80;L=> CG@5645==K< 4;O 8E 2K?>;=5=8O. $878G5A:8< 8 N@848G5A:8< ;8F0<, =5 8<5NI8< ?@02>2>3> AB0BCA0 G0AB=>3> >E@0==8:0 8;8 G0AB=>3> >E@0==>3> ?@54?@8OB8O ;81> >E@0==>3> ?>4@0745;5=8O, 70?@5I05BAO >:07K20BL 40==K5 CA;C38 (AB. 3 8 11 0:>=0 > G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8). E@0==8:0< 70?@5I05BAO 8A?>;L7>20BL <5B>4K AKA:0. 1.3. !C1J5:BK 3@0640=A:>-?@02>2KE >B=>H5=89 ?@8 >:070=88 >E@0==KE CA;C3 @>0=0;878@>202 284K >E@0==KE CA;C3, >?@545;8< AC1J5:BK 3@0640=A:>-?@02>2KE >B=>H5=89 ?@8 >:070=88 40==KE CA;C3.  G0AB8 3 :><<5=B8@C5<>9 AB0BL8 1K;8 C:070=K 284K >E@0==KE CA;C3. @8 MB>< A;54C5B >1@0B8BL 2=8<0=85, GB> =0 >A=>20=88 AB. 11 0:>=0 C?>;=><>G5==K< AC1J5:B>< ?> >:070=8N >E@0==KE CA;C3 <>65B 1KBL B>;L:> N@848G5A:>5 ;8F>, A?5F80;L=> CG@5645==>5 :0: G0AB=>5 >E@0==>5 ?@54?@8OB85. E@0==K5 ?>4@0745;5=8O, A>740==K5 2 ?>@O4:5 AB. 14 0:>=0 =0 ?@54?@8OB8OE, <>3CB >:07K20BL >E@0==K5 CA;C38 B>;L:> 2 >B=>H5=88 A2>59 >@30=870F88. "0:, 2 A>>B25BAB288 A @0745;>< 3, AB0BL59 14 E@0==>-AKA:=0O 45OB5;L=>ABL 30:>=0 A;C615 157>?0A=>AB8 70?@5I05BAO >:07K20BL CA;C38, =5 A2O70==K5 A >15A?5G5=85< 157>?0A=>AB8 A2>53> ?@54?@8OB8O. ;O >?@545;5=8O AC1J5:B>2 3@0640=A:>-?@02>2KE >B=>H5=89 ?@8 >:070=88 >E@0==KE CA;C3, A;54C5B >1@0B8BL >A>1>5 2=8<0=85 =0 A?5F80;L=CN ?@02>A?>A>1=>ABL AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8. ?@545;5=85 3@0640=A:>-?@02>2>3> AB0BCA0 AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 0:>=5 > G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 B@51C5B @07@5H5=8O 2>?@>A>2 > E0@0:B5@5 8E ?@02>A?>A>1=>AB8.  A>>B25BAB288 A> AB.12 A=>2 2 @>AA89A:>< ?@025 =0 2A5 N@848G5A:85 ;8F0 @0A?@>AB@0=O;AO @50;87CNI89 @07@5H8B5;L=K9 B8? ?@02>2>3> @53C;8@>20=8O - ?@8=F8? A?5F80;L=>9 (CAB02=>9) ?@02>A?>A>1=>AB8. !>3;0A=> 5<C "N@848G5A:>5 ;8F> <>65B 8<5BL 3@0640=A:85 ?@020, A>>B25BAB2CNI85 F5;O< 45OB5;L=>AB8, ?@54CA<>B@5==K< 2 53> CG@548B5;L=KE 4>:C<5=B0E, 8 =5AB8 A2O70==K5 A MB>9 45OB5;L=>ABLN >1O70==>AB8. => 2?@025 >ACI5AB2;OBL ;N1K5 284K 45OB5;L=>AB8, =5 ?@>B82>@5G0I85 C:070==K< F5;O< 8 =5 70?@5I5==K5 70:>=>40B5;L=K<8 0:B0<8". @8=F8? CAB02=>9 ?@02>A?>A>1=>AB8 N@848G5A:>3> ;8F0 8AB>@8G5A:8 2>7=8: :0: A?>A>1 70I8BK CG@548B5;59 >B =54>1@>A>25AB=KE 459AB289 @C:>2>48B5;59 N@848G5A:>3> ;8F0. 5CAB02=K5 A45;:8 ?@87=020;8AL =5459AB28B5;L=K<8, 8 B0:8< ?CB5< 2>AAB0=02;820;8AL =0@CH5==K5 ?@020 0:F8>=5@>2. <5AB5 A B5< <8@>20O 8AB>@8O @0728B8O 8=AB8BCB0 F5;52>9 ?@02>A?>A>1=>AB8 A2845B5;LAB2C5B > B5=45=F88 >3@0=8G5=8O ?@8=F8?0 A?5F80;L=>9 ?@02>A?>A>1=>AB8 2 70:>=>40B5;LAB25 M:>=><8G5A:8 @0728BKE AB@0=. -B0 B5=45=F8O C=825@A0;L=0 8 8<55B >1J5:B82=K9 E0@0:B5@, >B@060O ?>B@51=>AB8 A>2@5<5==>3> 3@0640=A:>3> >1>@>B0 2 AB018;L=>AB8 8 >?@545;5==>AB8 ?@02>>B=>H5=89. @0640=A:8< :>45:A>< >AA89A:>9 $545@0F88 2 :0G5AB25 >1I53> ?@028;0 1K; CAB0=>2;5= ?@8=F8? C=825@A0;L=>9 ?@02>A?>A>1=>AB8 :><<5@G5A:8E >@30=870F89. !>3;0A=> ?.1 AB.49 @0640=A:>3> >45:A0 >AA89A:>9 $545@0F88 ":><<5@G5A:85 >@30=870F88, 70 8A:;NG5=85< C=8B0@=KE ?@54?@8OB89 8 8=KE 284>2 >@30=870F89, ?@54CA<>B@5==KE 70:>=><, <>3CB 8<5BL 3@0640=A:85 ?@020 8 8<5BL 3@0640=A:85 >1O70==>AB8, =5>1E>48<K5 4;O >ACI5AB2;5=8O ;N1KE 284>2 45OB5;L=>AB8, =5 70?@5I5==KE 70:>=><". "0:8< >1@07><, CAB0=>2;5=85 C=825@A0;L=>9 ?@02>A?>A>1=>AB8 >7=0G05B =045;5=85 AC1J5:B0 ?@020 2>7<>6=>ABLN ?@8>1@5B0BL 3@0640=A:85 ?@020 8 >1O70==>AB8, =5>1E>48<K5 4;O >ACI5AB2;5=8O ;N1KE 284>2 45OB5;L=>AB8. 4=0:> MB> ?@02> =5 O2;O5BAO 01A>;NB=K<. => <>65B 1KBL >3@0=8G5=>, A>3;0A=> G.3 AB.55 >=AB8BCF88 >AA89A:>9 $545@0F88, "D545@0;L=K< 70:>=>< B>;L:> 2 B>9 <5@5, 2 :0:>9 MB> =5>1E>48<> 2 F5;OE 70I8BK >A=>2 :>=AB8BCF8>==>3> AB@>O, =@02AB25==>AB8, 74>@>2LO, ?@02 8 70:>==KE 8=B5@5A>2 4@C38E ;8F, >15A?5G5=8O >1>@>=K AB@0=K 8 157>?0A=>AB8 3>AC40@AB20". "0:CN 65 ?@02>2CN =>@<C A>45@68B ?.2 AB.1 @0640=A:>3> :>45:A0 >AA89A:>9 $545@0F88. 3@0=8G5=85 3@0640=A:8E ?@02, :0:8< O2;O5BAO CAB0=>2;5=85 ?@8=F8?0 A?5F80;L=>9 ?@02>A?>A>1=>AB8, 2>7<>6=> B>;L:> 2 F5;OE 70I8BK :>=AB8BCF8>==KE F5==>AB59. 284C B>3>, GB> 2>?@>A > A?5F80;L=>9 ?@02>A?>A>1=>AB8 N@848G5A:8E ;8F 1K; C@53C;8@>20= 3@0640=A:8< 70:>=>40B5;LAB2><, 459AB2>202H8< =0 <><5=B ?@8=OB8O 0:>=0 >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88", MB>B 70:>= 45B0;L=> =5 @53;0<5=B8@C5B ?@02>A?>A>1=>ABL AC1J5:B>2 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8. "0:, 45D8=8F88 ?>=OB8O "G0AB=>9 >E@0==>9 45OB5;L=>AB8" 2 AB.1 0:>=0 >AA89A:>9 $545@0F88 40NB >?5@0F8>=0;L=K5 >?@545;5=8O MB8E B5@<8=>2 ?>A@54AB2>< C:070=8O =0 284>2K5 >B;8G8O >:07K205<KE CA;C3. !B0BLO 11 0:>=0 A>45@68B C:070=85 =0 B>, GB> ?@54?@8OB85 (N@848G5A:>5 ;8F>) A?5F80;L=> CG@56405BAO 4;O >:070=8O >E@0==KE CA;C3, GB> >B@0605BAO 2 CAB025.  F5;OE @50;870F88 3@0640=A:>-?@02>2KE 8=B5@5A>2 3>AC40@AB20 ?@8<5=8B5;L=> : A?5F80;L=>9 ?@02>A?>A>1=>AB8 AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 70:>=>40B5;5< CAB0=>2;5=K >?@545;5==K5 ?@028;0. !?5F80;L=CN ?@02>A?>A>1=>ABL AC1J5:B0 >E@0==>3> ?@54?@8=8<0B5;LAB20 E0@0:B5@87CNB ?@54<5B 45OB5;L=>AB8 8 F5;8 45OB5;L=>AB8. 0:>= >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" CAB0=02;8205B ?@54<5B 45OB5;L=>AB8 - 284K >E@0==KE CA;C3, ?@54>AB02;5=85 :>B>@KE @07@5H5=> AC1J5:B0< A F5;52>9 ?@02>A?>A>1=>ABLN. "0:8< >1@07><, 22545=0 ?@8=C48B5;L=0O A?5F80;870F8O AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8. -B8< >3@0=8G8205BAO ?@02>A?>A>1=>ABL 2A5E 8=KE 8=48284C0;L=KE ?@54?@8=8<0B5;59 8 :><<5@G5A:8E >@30=870F89 =0 70=OB85 40==K<8 2840<8 M:>=><8G5A:>9 45OB5;L=>AB8. @O<>3> 70?@5B0 N@848G5A:8< 8 D878G5A:8< ;8F0< - AC1J5:B0< G0AB=>9 >E@0==>9 45OB5;L=>AB8 - =0 70=OB85 8=K<8 2840<8 E>7O9AB25==>9 45OB5;L=>AB8 0:>= =5 A>45@68B. > >BACBAB2CNB 8 =>@<K, CAB0=02;820NI85 ?@02> G0AB=>9 >E@0==>9 >@30=870F88 =0 A>25@H5=85 A45;>:, =0?@02;5==KE =0 >15A?5G5=85 8E 45OB5;L=>AB8 (0@5=40 =542868<>AB8, ?>:C?:0 A?5F>4564K 8 B.?.), E>BO >?@545;5=85 :>=:@5B=KE ?@02><>G89 AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 =5>1E>48<>, ?>A:>;L:C >=8 H8@5 ?@54<5B0 CAB02=>9 45OB5;L=>AB8. >6=> CB25@640BL, GB> ?@>1;5<0 2>7<>6=>AB8 8;8 =52>7<>6=>AB8 >ACI5AB2;5=8O =0@O4C A G0AB=>9 >E@0==>9 45OB5;L=>ABLN 8=KE 284>2 45OB5;L=>AB8 O2;O5BAO 2 1>;LH59 AB5?5=8 ?>;8B8:>-M:>=><8G5A:>9, =565;8 ?@02>2>9. !2O70=0 >=0 A 2>?@>A>< > 4>?CAB8<>AB8 8;8 =54>?CAB8<>AB8 "A@0I820=8O" 2>>@C65==KE 8 >@30=87>20==KE A8; G0AB=KE >E@0==KE AB@C:BC@ A :><<5@G5A:8< :0?8B0;>< (B>@3>2K<, 10=:>2A:8<, ?@><KH;5==K< 8 B.?.). >A:>;L:C MB>B 2>?@>A >4=>7=0G=> 70:>=>40B5;5< =5 @5H5=, 70D8:A8@>20= ?@><56CB>G=K9 ?@02>2>9 20@80=B. 0?@5B =0 >ACI5AB2;5=85 =5 ?@54CA<>B@5==KE 70:>=>< 284>2 45OB5;L=>AB8 ?>4@07C<5205B B>;L:> 70?@5B =0 8E =5?>A@54AB25==>5 >ACI5AB2;5=85 >B 8<5=8 AC1J5:B0 G0AB=>9 >E@0==>9 45OB5;L=>AB8. -B>B 70?@5B ;53:> ?@5>4>;5205BAO ?CB5< A>740=8O 4>G5@=8E 8 7028A8<KE N@848G5A:8E ;8F, CG0AB85 2 :>B>@KE ?>72>;O5B :>=B@>;8@>20BL 8E 45OB5;L=>ABL 8 C?@02;OBL 5N. @8 MB>< 45OB5;L=>ABL >ACI5AB2;O5BAO >B 8<5=8 A>740==>3> N@848G5A:>3> ;8F0, =0?@8<5@ A C=825@A0;L=>9 ?@02>A?>A>1=>ABLN; A AC1J5:B>< G0AB=>9 >E@0==>9 45OB5;L=>AB8 >=0 =5 A>>B=>A8BAO 8 =5 ?>4?0405B ?>4 @568< 70?@5I5==>9. "0:, N@848G5A:>5 ;8F> - G0AB=0O >E@0==0O >@30=870F8O =5 2?@025 70=8<0BLAO B>@3>2>9 45OB5;L=>ABLN, => <>65B CG@548BL 4>G5@=55 >1I5AB2>, :>B>@>5 1C45B >ACI5AB2;OBL B>@3>2K5 >?5@0F88. @54AB02;O5BAO, GB> 2>7<>6=> CAB0=>2;5=85 3>AC40@AB25==>3> @53C;8@>20=8O ?@>F5AA>2 CG@5645=8O >@30=870F89 N@848G5A:8<8 ;8F0<8 - AC1J5:B0<8 G0AB=>9 >E@0==>9 45OB5;L=>AB8, 0 B0:65 ?@8>1@5B5=8O 0:F89 8;8 4>;59 2 CAB02=>< :0?8B0;5 N@848G5A:8E ;8F, =5 8<5NI8E A?5F80;L=>9 ?@02>A?>A>1=>AB8 2 AD5@5 G0AB=>9 >E@0==>9 45OB5;L=>AB8. 0:>=0<8 >AA89A:>9 $545@0F88 CAB0=>2;5=0 A?5F80;L=0O ?@02>A?>A>1=>ABL 10=:>2, AB@0E>2KE :><?0=89, D>=4>2KE 18@6 8 B.4. 4=0:> 2 MB8E AD5@0E 45OB5;L=>AB8 70:>=>40B5;L ?@54>AB02;O5B >@30=870F8O< =5A:>;L:> 1>;LH89 >1J5< ?@02>A?>A>1=>AB8, G5< 4;O AC1J5:B>2 >E@0==>3> ?@54?@8=8<0B5;LAB20. @54AB02;O5BAO F5;5A>>1@07=K< AD>@<C;8@>20BL ?@8=F8? A?5F80;L=>9 ?@02>A?>A>1=>AB8 2 AD5@5 >E@0==>9 8 45B5:B82=>9 45OB5;L=>AB8 <5=55 65AB:>. @0640=A:>-?@02>2>9 70?@5B =0 >ACI5AB2;5=85 AC1J5:B>< G0AB=>9 >E@0==>9 45OB5;L=>AB8 8=KE 284>2 G0AB=>?@02>2>9 45OB5;L=>AB8 =5 CG8BK205B D0:B0 53> @01>BK 2 CA;>28OE AB8E89=>3> A0<>@53C;8@CNI53>AO @K=:0.  B><C 65 ?@54?@8=8<0B5;LA:0O 45OB5;L=>ABL 2A5340 =>A8B @8A:>20==K9 E0@0:B5@. 1I5AB25==0O 8 ;8G=0O ?>B@51=>ABL 2 CA;C30E AC1J5:B0 G0AB=>9 >E@0==>9 45OB5;L=>AB8 - 25;8G8=0 ?5@5<5==0O, 40;5:> =5 2A5340 7028AOI0O >B :0G5AB20 >:07K205<KE 8< CA;C3, ?@>D5AA8>=0;87<0 A>B@C4=8:>2, C@>2=O C?@02;5=G5A:>3> 8 D8=0=A>2>3> <5=546<5=B0. !?5F80;8ABK :>=AB0B8@CNB, GB> 2 =0AB>OI55 2@5<O E0@0:B5@=>9 G5@B>9 @K=:0 >E@0==KE CA;C3 O2;O5BAO >G5=L 2KA>:89 C@>25=L :>=:C@5=F88. @54;>65=85 C65 7=0G8B5;L=> ?@52KA8;> A?@>A =0 CA;C38 ?>4>1=>3> @>40. 0;8F> 8 =530B82=K5 ?>A;54AB28O >3@0=8G5=8O A?5F80;L=>9 ?@02>A?>A>1=>AB8 AC1J5:B>2 >E@0==>3> ?@54?@8=8<0B5;LAB20. "5AB018;L=>ABL D8=0=A>2>9 107K ?@82>48B >B45;L=KE @C:>2>48B5;59 >E@0==KE AB@C:BC@ : @0728B8N >B=>H5=89 A :@8<8=0;L=K<8 M;5<5=B0<8. > 40==K< :@8<8=>;>3>2, <=>385 >E@0==K5 ?@54?@8OB8O 70=O;8AL ?>1>G=K<8 2840<8 187=5A0, =5 ?@54CA<>B@5==K<8 70:>=>< 8 8E CG@548B5;L=K<8 4>:C<5=B0<8. 5@02=><5@=>ABL ?>;CG5=8O 4>E>40 >B ?@54?@8=8<0B5;LA:>9 45OB5;L=>AB8 >1CA;>2;8205B =0@CH5=85 AC1J5:B0<8 G0AB=>9 >E@0==>9 45OB5;L=>AB8 70?@5B0 =0 >ACI5AB2;5=85 8=KE 284>2 45OB5;L=>AB8. @8 MB>< 2>7<>6=> 70:;NG5=85 ?@8B2>@=KE A45;>:, ?@8:@K20NI8E A>25@H5=85 @01>B 8;8 >:070=85 CA;C3, =5 2:;NG5==KE 2 CAB0=>2;5==K9 70:>=>< ?5@5G5=L, GB> 70B@038205B :0: >1I85, B0: 8 G0AB=K5 8=B5@5AK. "0:8< >1@07><, 3@0640=A:>-?@02>20O =>@<0, CAB0=02;820NI0O 4;O AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 25AL<0 C7:89 ?5@5G5=L @07@5H5==KE 284>2 45OB5;L=>AB8, =5 >1;0405B 4>;6=>9 @53C;OB82=>ABLN. >38G=> @0AH8@8BL ?@02>A?>A>1=>ABL AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 8 ?@54>AB028BL 8<, =0?@8<5@, ?@02> >:070=8O N@848G5A:8E CA;C3. @8=8<0O 2> 2=8<0=85 CAB0=>2;5==>5 AB.1 0:>=0 >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" F5;52>5 ?@54=07=0G5=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8- 70I8BC 8A:;NG8B5;L=> 70:>==KE ?@02 8 8=B5@5A>2 :;85=B>2, ?5@2K< =5>1E>48<K< MB0?><, 2K?>;=O5<K< 4> >:070=8O A>>B25BAB2CNI8E CA;C3, O2;O5BAO CAB0=>2;5=85 70:>==>AB8 ?@02 8 8=B5@5A>2 :;85=B0. -B> A;>6=K9 ?@>F5AA 4065 4;O ?@>D5AA8>=0;L=KE N@8AB>2, GB> ?>4B25@6405B 70D8:A8@>20==0O AC451=>9 AB0B8AB8:>9 B5=45=F8O @>AB0 G8A;0 A?>@>2, 2>7=8:H8E 87 3@0640=A:>-?@02>2KE >B=>H5=89. !;54>20B5;L=>, 4;O CAB0=>2;5=8O 70:>==>AB8 ?@02 8 8=B5@5A>2 :;85=B0 AC1J5:B G0AB=>9 >E@0==>9 45OB5;L=>AB8 4>;65= 8<5BL 2 A2>5< HB0B5 N@8AB0 8;8 ?@82;5:0BL 53> =0 4>3>2>@=>9 >A=>25. 06=> >B<5B8BL, GB> >@30=870F88, >:07K20NI85 G0AB=K5 >E@0==K5 CA;C38, B0: 65 :0: N@8ABK, ?> @>4C A2>59 45OB5;L=>AB8 ?>;CG0NB, ?5@5@010BK20NB, E@0=OB 8 8A?>;L7CNB 2> <=>3>< >4=C 8 BC 65 8=D>@<0F8N > A2>5< :;85=B5, 8<5NICN :>=D845=F80;L=K9 E0@0:B5@ 8 2KA>:CN :><<5@G5A:CN F5==>ABL. @8 B0:8E >1AB>OB5;LAB20E >B=>H5=8O :;85=B0 8 8A?>;=8B5;O =>AOB 4>25@8B5;L=K9 E0@0:B5@ 8 4;O :;85=B0 :@09=5 65;0B5;L=> A>:@0B8BL :@C3 ;8F, 8<5NI8E 4>ABC? : :>=D845=F80;L=>9 8=D>@<0F88. >MB><C >:070=85 G0AB=K<8 >E@0==K<8 >@30=870F8O<8 N@848G5A:8E CA;C3, A >4=>9 AB>@>=K, ?>;57=> 4;O :;85=B0, 0 A 4@C3>9 - 70 AG5B 1>;55 C3;C1;5==>9 @01>BK A 70:>=>40B5;LAB2>< >:07K205B AB8<C;8@CNI55 2>7459AB285 =0 >15A?5G5=85 70:>==>AB8 2 45OB5;L=>AB8 AC1J5:B0 G0AB=>9 >E@0==>9 8 45B5:B82=>9 45OB5;L=>AB8. @><5 B>3>, 7=0G8B5;L=CN 4>;N @01>B=8:>2 G0AB=KE >E@0==KE AB@C:BC@ A>AB02;ONB 1K2H85 A>B@C4=8:8 ?@02>>E@0=8B5;L=KE >@30=>2, G59 1>;LH>9 ?@>D5AA8>=0;L=K9 >?KB 8 7=0=8O B0:8< ?CB5< <>3CB MDD5:B82=> 1KBL 2>AB@51>20=K 2 8=B5@5A0E 2A53> >1I5AB20 8 >B45;L=KE 3@0640=. 5 ?>AO305B =0 :>=AB8BCF8>==K5 F5==>AB8 B0:65 >:070=85 AC1J5:B0<8 >E@0==>3> ?@54?@8=8<0B5;LAB20 CA;C3 ?> E@0=5=8N 8<CI5AB20. I5 >4=8< =0?@02;5=85< A>25@H5=AB2>20=8O @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 <>65B AB0BL =045;5=85 >E@0==KE >@30=870F89 ?@02>< ?@54>AB02;OBL :;85=B0< A?5F80;L=> >1>@C4>20==K5 A F5;LN >15A?5G5=8O A>E@0==>AB8 8<CI5AB20 B@0=A?>@B=K5 A@54AB20, 0 B0:65 CA;C38 ?> B@0=A?>@B8@>2:5 8<CI5AB20 =0 A?5F80;L=> >1>@C4>20==KE 02B>B@0=A?>@B=KE A@54AB20E.  =0AB>OI55 2@5<O AB.3 0:>=0 >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" @07@5H05B B>;L:> ">E@0=C 8<CI5AB20 A>1AB25==8:>2, 2 B>< G8A;5 ?@8 B@0=A?>@B8@>2:5". $>@<C;8@>2:0 C:070==>3> 2840 CA;C3 =5B>G=0. N1>5 8<CI5AB2>, 70 8A:;NG5=85< 15AE>7=>3>, 8<55B A>1AB25==8:0, => 40;5:> =5 2A5340 :;85=B>< AC1J5:B0 G0AB=>9 >E@0==>9 45OB5;L=>AB8 O2;O5BAO 8<5==> A>1AB25==8:. < <>65B 1KBL ;N1>9 70:>==K9 2;045;5F 8<CI5AB20, =0?@8<5@, 0@5=40B>@ 8;8 ?>:C?0B5;L B>20@0 =0 CA;>28OE @575@28@>20=8O ?@020 A>1AB25==>AB8. ;O >@30=870F88, >:07K20NI59 >E@0==K5 CA;C38, 4>;65= 1KBL 2065= B>;L:> D0:B 70:>==>AB8 2;045=8O :;85=B0 8<CI5AB2><, ?>4;560I8< >E@0=5. A:;NG5=85 87 D>@<C;8@>2:8 0:>=0 A;>20 "A>1AB25==8:>2" ?>72>;8B 7=0G8B5;L=> @0AH8@8BL :@C3 ;8F, CG0AB2CNI8E 2 3@0640=A:>-?@02>2KE >B=>H5=8OE A AC1J5:B>< G0AB=>9 >E@0==>9 45OB5;L=>AB8. C6405BAO 2 CB>G=5=88 A0<0 45D8=8F8O "G0AB=>9 >E@0==>9 45OB5;L=>AB8". "0:, AC1J5:B0< >E@0==>9 45OB5;L=>AB8 @07@5H5=> 2K?>;=5=85 ?>4@O4=KE @01>B, 2 G0AB=>AB8, ?@>5:B8@>20=85, <>=B06 8 M:A?;C0B0F8>==>5 >1A;C6820=85 A@54AB2 >E@0==>-?>60@=>9 A83=0;870F88. 5 A>2A5< OA=>, :0:85 F5;8 ?@5A;54>20; 70:>=>40B5;L, =045;82 >E@0==K5 >@30=870F88 ?@02>A?>A>1=>ABLN 4;O >ACI5AB2;5=8O ?@>5:B8@>20=8O, <>=B060 8 B5E=8G5A:>3> >1A;C6820=8O, => >3@0=8G82 ?@02>A?>A>1=>ABL 2 >B=>H5=88 ?@>872>4AB20 A@54AB2 >E@0==>-?>60@=>9 A83=0;870F88. @54>AB02;5=85 ?@020 =0 8E 873>B>2;5=85 >B25G0;> 1K :0: 8=B5@5A0< ?>B@518B5;59, B0: 8 8=B5@5A0< 3>AC40@AB20, ?>A:>;L:C =8:B> ;CGH5 ?@>5:B8@>2I8:0 =5 A<>65B :>=B@>;8@>20BL ?@>F5AA ?@>872>4AB20, 0 >ACI5AB2;5=85 <>=B060 8 M:A?;C0B0F8>==>3> >1A;C6820=8O A>7405B >1@0B=CN A2O7L 2 A8AB5<5 "?@>5:B8@>20=85 - ?@>872>4AB2> - M:A?;C0B0F8O" 8 ?>72>;O5B >?5@0B82=> CAB@0=OBL =54>AB0B:8 ?@>5:B8@>20=8O. @54>AB02;5=85 >E@0==K< >@30=870F8O< ?@020 @07@01>B:8 8 873>B>2;5=8O A@54AB2 8=48284C0;L=>9 70I8BK, 0 B0:65 8=KE CAB@>9AB2 >E@0==>3> =07=0G5=8O =5 =0@CH05B =8 >1I5AB25==KE, =8 3>AC40@AB25==KE 8=B5@5A>2. 5A><=5==>, ?5@5G5=L ?@54<5B>2 45OB5;L=>AB8 >@30=870F89 8 ?@54?@8=8<0B5;59, 70=8<0NI8EAO >E@0==>9 45OB5;L=>ABLN, <>65B 1KBL 4>?>;=5= 8=K<8 2840<8 45OB5;L=>AB8, =5 ?@>B82>@5G0I8<8 8E CAB02=>9 ?@02>A?>A>1=>AB8. 4=>9 87 ?@02>2KE F5;59 =045;5=8O AC1J5:B>2 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 A?5F80;L=>9 ?@02>A?>A>1=>ABLN O2;O5BAO ?@54>AB02;5=85 8< B>;L:> B5E 3@0640=A:8E ?@02 8 2>7;>65=85 =0 =8E B>;L:> B0:8E >1O70==>AB59, :>B>@K5 A>>B25BAB2CNB F5;O< 8 ?@54<5BC 45OB5;L=>AB8.  A2O78 A B5<, GB> 284 ?@02>A?>A>1=>AB8 CAB0=02;8205BAO 70:>=><, A45;:8, 2KE>4OI85 70 @0<:8 ?@02>A?>A>1=>AB8 AC1J5:B0 ?@54?@8=8<0B5;LAB20, 4>;6=K AG8B0BLAO =8GB>6=K<8.  B> 65 2@5<O, 5A;8 A?5F80;L=0O ?@02>A?>A>1=>ABL >4=>7=0G=> =5 CAB0=>2;5=0 70:>=><, B> 459AB2C5B >1I55 ?@028;> C=825@A0;L=>9 ?@02>A?>A>1=>AB8 :><<5@G5A:>9 >@30=870F88. 065 2 B>< A;CG05, :>340 >1I0O ?@02>A?>A>1=>ABL :><<5@G5A:>9 >@30=870F88 >?@545;5==> >3@0=8G5=0 55 CG@548B5;L=K<8 4>:C<5=B0<8 8 A45;:0 2KE>48B 70 ?@545;K ?@02>A?>A>1=>AB8, B0:0O >A?>@8<0O A45;:0 <>65B 1KBL ?@87=0=0 =5459AB28B5;L=>9 ?> ?@028;0< @0640=A:>3> >45:A0 >AA89A:>9 $545@0F88.  ?5@2>< A;CG05 70:>=>40B5;L=>5 CAB0=>2;5=85 A?5F80;L=>9 ?@02>A?>A>1=>AB8 >ACI5AB2;5=> 2 F5;OE 70I8BK :>=AB8BCF8>==KE F5==>AB59, ?>MB><C 70:>=>40B5;L :20;8D8F8@C5B A45;:8, 2KE>4OI85 70 ?@545;K ?@02>A?>A>1=>AB8, :0: =8GB>6=K5. > 2B>@>< A;CG05 CG@548B5;8 >3@0=8G8;8 2 CAB02=KE 4>:C<5=B0E >1ICN ?@02>A?>A>1=>ABL A2>8E 8=B5@5A>2. @8 MB>< C3@>70 >1I5AB25==K< 8=B5@5A0< =5 AB>;L 25;8:0, 8 70:>=>40B5;L ?@54>AB02;O5B 708=B5@5A>20==><C ;8FC 045:20B=>5 C3@>75 A@54AB2> 70I8BK. 07;8G85 ?@02>2KE ?>A;54AB289 A45;>:, 2KE>4OI8E 70 ?@545;K ?@02>A?>A>1=>AB8 AC1J5:B0 ?@54?@8=8<0B5;LAB20, A2845B5;LAB2C5B >1 8A:;NG8B5;L=>9 206=>AB8 ;8:2840F88 ?@>15;>2 2 70:>=>40B5;L=>< @53;0<5=B8@>20=88 ?@02>A?>A>1=>AB8 AC1J5:B>2 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 4;O 70I8BK ?C1;8G=>-?@02>2KE 8=B5@5A>2. ;O >15A?5G5=8O @50;870F88 A?5F80;L=>9 ?@02>A?>A>1=>AB8, C?@>I5=8O 3>AC40@AB25==>3> :>=B@>;O 70 70:>==>ABLN 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8, 0 B0:65 4;O 8=D>@<8@>20=8O AC1J5:B>2 3@0640=A:8E ?@02>>B=>H5=89 > A?5F80;L=>9 ?@02>A?>A>1=>AB8 B0:>3> N@848G5A:>3> ;8F0 F5;5A>>1@07=> CAB0=>28BL 2 0:>=5 >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" A?5F80;L=K5 B@51>20=8O : 8E D8@<5==K< =08<5=>20=8O<. 0 AC1J5:BK G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 - N@848G5A:85 ;8F0 @0A?@>AB@0=O5BAO ?@02> =0 D8@<5==>5 =08<5=>20=85, CAB0=>2;5==>5 ?.1 8 4 AB.54 @0640=A:>3> >45:A0 >AA89A:>9 $545@0F88.  A>>B25BAB288 A MB>9 ?@02>2>9 =>@<>9 :><<5@G5A:>5 N@848G5A:>5 ;8F> >1O70=> 8<5BL "A2>5 D8@<5==>5 =08<5=>20=85, A>45@60I55 C:070=85 =0 53> >@30=870F8>==>-?@02>2CN D>@<C". $8@<5==>5 =08<5=>20=85 >ACI5AB2;O5B 8=48284C0;878@CNICN DC=:F8N, 0 C:070=85 =0 53> >@30=870F8>==>-?@02>2CN D>@<C 8=D>@<8@C5B CG0AB=8:>2 E>7O9AB25==>3> >1>@>B0 >1 >A=>2=KE ?@87=0:0E MB>9 >@30=870F88. !>3;0A=> ?.1 AB.54 @0640=A:>3> >45:A0 >AA89A:>9 $545@0F88 =08<5=>20=8O :><<5@G5A:8E >@30=870F89 2 ?@54CA<>B@5==KE 70:>=>< A;CG0OE 4>;6=K A>45@60BL C:070=85 =0 E0@0:B5@ 45OB5;L=>AB8 N@848G5A:>3> ;8F0. !;54C5B 225AB8 2 0:>= >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" ?@02>2CN =>@<C, @53C;8@CNICN AB@C:BC@C =08<5=>20=8O N@848G5A:>3> ;8F0, >:07K20NI53> >E@0==K5 8;8 45B5:B82=K5 CA;C38. 1O70B5;L=>5 2:;NG5=85 2 D8@<5==>5 =08<5=>20=85 >@30=870F88, 70=8<0NI59AO G0AB=>9 >E@0==>9 45OB5;L=>ABLN, C:070=89 ">E@0==>5" ?@5A;54C5B F5;L 4>2545=8O 4> A2545=8O CG0AB=8:>2 3@0640=A:>-?@02>2KE >B=>H5=89 8=D>@<0F88 > A?5F80;L=>9 ?@02>A?>A>1=>AB8 B0:>3> N@848G5A:>3> ;8F0. "0:8< >1@07><, :;85=B ?@54C?@5645= > B><, GB> A45;:8, 2KE>4OI85 70 ?@545;K A?5F80;L=>9 ?@02>A?>A>1=>AB8 N@848G5A:>3> ;8F0 - AC1J5:B0 G0AB=>9 >E@0==>9 45OB5;L=>AB8, O2;ONBAO =8GB>6=K<8 2 A>>B25BAB288 A> AB.168 @0640=A:>3> >45:A0 >AA89A:>9 $545@0F88. @8 MB>< A0<8 CG0AB=8:8 3@0640=A:>3> >1>@>B0 A<>3CB A;548BL 70 A>1;N45=85< AC1J5:B>< G0AB=>9 >E@0==>9 45OB5;L=>AB8 >3@0=8G5=89, =0;0305<KE A?5F80;L=>9 ?@02>A?>A>1=>ABLN. ;O =0CG=>3> >?@545;5=8O >1J5<0 ?@02>A?>A>1=>AB8 AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 ?>;57=0 @07@01>B:0 >=F5?F88 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88. @>0=0;878@>202 2A5 2KH5A:070==>5 <K A<>3;8 >B25B8BL =0 B0:85 2>?@>AK, :0:: GB> ?@54AB02;O5B ?> A2>59 ACB8 G0AB=0O >E@0==0O 45OB5;L=>ABL, :0:85 F5;8 8 7040G8 @5H0NBAO, :B> O2;O5BAO 55 AC1J5:B0<8, :0:85 >A=>2=K5 =0?@02;5=8O >E@0==>9 45OB5;L=>AB8 ACI5AB2CNB ?> 2840<, >ACI5AB2;O5<KE 8<8 CA;C3 8 =0:>=5F, >?@545;8;8 3@0640=A:>-?@02>2>9 AB0BCA AC1J5:B>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 0:>=5  G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, :>B>@>5 B@51C5B @07@5H5=8O 2>?@>A>2 > E0@0:B5@5 8E ?@02>A?>A>1=>AB8. ;020 II. @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2.1. 0728B85 8=AB8BCB0 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 -:>=><8G5A:85 @5D>@<K 2 >AA88 2K720;8 :>@5==K5 87<5=5=8O 2> 2A5E >1;0ABOE E>7O9AB25==>3> <5E0=87<0 8 ?>B@51>20;8 A>25@H5==> =>2KE @5H5=89 2 >@30=870F88 8 C?@02;5=88 ?@54?@8OB8O<8 @07;8G=KE D>@< A>1AB25==>AB8, 70I8B5 8E 70:>==KE 8=B5@5A>2. 0728B85 @K=:0 2>2;5:;> 2 45;>2K5 >B=>H5=8O <=>65AB2> 3@0640=, =5 8<52H8E 4>AB0B>G=>9 ?>43>B>2:8 8 >?KB0 @01>BK 2 =>2KE 4;O =8E CA;>28OE. >O28;>AL 1>;LH>5 :>;8G5AB2> ;8F 8 D8@< A >B:@>25==> ?@5ABC?=K<8 8 020=BN@=K<8 =0<5@5=8O<8.  CA;>28OE ?5@5E>40 : @K=>G=K< >B=>H5=8O< 2 AB@0=5 ?@>87>H;> @57:>5 >A;>6=5=85 >?5@0B82=>9 >1AB0=>2:8. 50;L=K< O2;5=85< AB0;0 >@30=87>20==0O ?@5ABC?=>ABL. @5ABC?=K5 A>>1I5AB20, :>@@C<?8@>20==K5 M;5<5=BK, ?@>=8:H85 2 AB@C:BC@K 187=5A0, AB@5<8;8AL 2>A?>;L7>20BLAO =5040?B8@>20==>ABLN @>AA89A:>9 M:>=><8:8 : =>2K< CA;>28O<, GB> ?>AB028;> ?>4 C3@>7C 8=B5@5AK ?@54?@8=8<0B5;LAB20 2 @07;8G=KE >B@0A;OE. BACBAB285 70:>=>40B5;L=KE 70I8B=KE <5E0=87<>2 ?@54?@8=8<0B5;LAB20, :>B>@K5 A;54>20;> A>740BL =0 MB>< MB0?5 3>AC40@AB2C, ?@825;> : G@572KG09=> >?0A=K< ?>A;54AB28O< 2 2845 7=0G8B5;L=>9 :@8<8=0;870F88 M:>=><8:8 AB@0=K, @50;870F88 @O40 C3@>7 2 AD5@5 157>?0A=>AB8 ;8G=>AB8. > 40==K<  >AA89A:>9 $545@0F88, 2 =0G0;5 1994 3.,  :>=B@>;8@>20;8 2 3. >A:25 860 D8@< 8 40 A>2<5AB=KE ?@54?@8OB89, ?>;CG0;8 45=L38 70 ">E@0==K5 CA;C38" >B 80 ?@>F5=B>2 ?@820B878@>20==KE ?@54?@8OB89 8 10=:>2 8 ?>GB8 >B 2A5E <0;KE ?@54?@8OB89. > >F5=:0< M:A?5@B>2, : A5@548=5 90-E 33. 4> 40 ?@>F5=B>2 G0AB=>3> 187=5A0, 50 ?@>F5=B>2 @>AA89A:8E 10=:>2 8 60 ?@>F5=B>2 3>AC40@AB25==KE :><?0=89 1K;> ?>425@65=> :>=B@>;N ?@5ABC?=KE 3@C??8@>2>:. !2KH5 60 ?@>F5=B>2 M:>=><8:8 AB@0=K =0E>48;>AL ?>4 2;8O=85< >@30=87>20==KE ?@5ABC?=KE D>@<8@>20=89. @02>>E@0=8B5;L=K5 >@30=K, ?@8720==K5 @5H0BL 2>?@>AK 157>?0A=>AB8 2 AD5@5 M:>=><8G5A:>9 45OB5;L=>AB8, 2 A8;C @O40 ?@8G8= B0: 65 =5 AC<5;8 A2>52@5<5==> ?@8=OBL 2 MB>< =0?@02;5=88 =5>1E>48<K5 <5@K. 0 MB>< D>=5 AB0; 8=B5=A82=> @072820BLAO 8 2=54@OBLAO 2 687=L G0AB=K9 >E@0==K9 187=5A, :>B>@K9 =0 MB0?5 2>7=8:=>25=8O 8 ?5@2>=0G0;L=>3> @0728B8O 1K; ?>425@3=CB A8;L=><C 2;8O=8N :@8<8=0;8B5B0. ><<5@G5A:85 AB@C:BC@K 2K=C645=K 1K;8 ?;0B8BL 70 70I8BC >B 10 4> 60 ?@>F5=B>2 A2>53> 4>E>40 10=48B0< 8;8 =05<=K< >E@0==8:0<, =5@54:> A2O70==K< A :@8<8=0;L=>9 A@54>9, GB> 4>?>;=8B5;L=K< 1@5<5=5< ;>68;>AL =0 ?;5G8 3@0640= 87-70 2728=G820=8O F5=, A?>A>1AB2>20;> =52K?;0B5 =0;>3>2 2 1N465BK 2A5E C@>2=59. !B8E89=> 2>7=8:H89 2 :>=F5 80-KE - =0G0;5 90-E 33. @K=>: =53>AC40@AB25==KE CA;C3 2 >1;0AB8 >E@0=K ?@54?@8=8<0B5;LAB20 1K; 2>AB@51>20= >1I5AB2><.  AB@5<8B5;L=>< @0728B88 MB>3> D5=><5=0 A2845B5;LAB2CNB M:A?5@B=K5 >F5=:8  >AA89A:>9 $545@0F88. 8=0<8:0 @>AB0 :>;8G5AB20 G0AB=KE >E@0==KE ?@54?@8OB89 2K3;O45;0 A;54CNI8< >1@07><: 1987-1988 33. - >B 0,2 4> 1,5 BKA.; 1989-1990 33. - >:>;> 2,7 BKA.; 1991-1992 33. - 4> 3,5 BKA. >A;5 2KE>40 2 A25B 0:>=0 >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" (1992 3.) 8 ?@8=OBKE 3>AC40@AB2>< <5@ ?> ;8F5=78@>20=8N 8 :>=B@>;N 70 40==>9 AD5@>9, : A5@548=5 90-E 33. <>6=> 1K;> 3>2>@8BL > D>@<8@>20=88 2 AB@0=5 =53>AC40@AB25==>9 A8AB5<K >15A?5G5=8O 157>?0A=>AB8 ;8G=>AB8 8 ?@54?@8=8<0B5;LAB20 8 A>AB02=>3> 55 M;5<5=B0 - G0AB=KE 45B5:B82=>->E@0==KE ?@54?@8OB89. >AB0B>G=> ?@825AB8 B0:85 F8D@K: 2 >AA88 =K=5 >D8F80;L=> 70@538AB@8@>20=> >:>;> 13 BKA. G0AB=KE 45B5:B82=>->E@0==KE ?@54?@8OB89, A;C61 157>?0A=>AB8 8 8E >1J548=5=89 G8A;5==>ABLN >:>;> 300 BKA. ;8F5=78@>20==KE A>B@C4=8:>2. 0 2>>@C65=88 C =8E 8<55BAO >:>;> 100 BKA. AB2>;>2 >3=5AB@5;L=>3> >@C68O. !B@>8B5;LAB2> =53>AC40@AB25==>9 A8AB5<K ?>72>;8;> @5H8BL 206=CN A>F80;L=CN 7040GC - >15A?5G8BL 70=OB>ABL 1K2H8E @01>B=8:>2 3>AC40@AB25==KE ?@02>>E@0=8B5;L=KE >@30=>2 8 A?5FA;C61, A>AB02;ONI8E A2KH5 80 ?@>F5=B>2 A@548 @C:>2>4AB20 G0AB=KE >E@0==>-AKA:=KE ?@54?@8OB89. >4>1=0O ?@0:B8:0 =5 =>20, ?>A:>;L:C 2 AB@0=0E 0?04=>9 2@>?K >:>;> 70 ?@>F5=B>2 2A5E ?@02>>E@0=8B5;L=KE 459AB289 >ACI5AB2;O5BAO =53>AC40@AB25==K<8 A;C610<8 157>?0A=>AB8.  A53>4=O AB0;> >G5284=>, GB> =5 <>65B 1KBL CA?5H=>9 187=5A-45OB5;L=>AB8 2 >AA88 157 @5H5=8O 2>?@>A>2 157>?0A=>AB8.  B0:, 8AB>@8G5A:>5 @0728B85 8=AB8BCB0 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 =0G0;>AL : =0G0;C 1991 3., 5I5 4> 2KE>40 0:>=0 >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8". 0 425=04F0BL ;5B 2 >AA88 AD>@<8@>20;8AL BKAOG8 G0AB=KE >E@0==KE ?@54?@8OB89 8 A;C61 157>?0A=>AB8, 0 B0:65 D8@< N@848G5A:>9 8 ?@02>2>9 70I8BK 3@0640= 8 >B5G5AB25==>3> ?@54?@8=8<0B5;LAB20.  MB><C 65 :@C3C ?@54?@8OB89 =5>1E>48<> >B=5AB8 ?@54?@8OB8O, >15A?5G820NI85 ?@>872>4AB2> ?@>3@0<<=>-B5E=8G5A:8E :><?;5:A>2 70I8BK 8=D>@<0F8>==KE A8AB5<, D8@<K >15A?5G5=8O 8=D>@<0F8>==>9, :><<5@G5A:>9, ?>60@=>9 8 M:>;>38G5A:>9 157>?0A=>AB8. @><5 B>3> =5>1E>48<> CG8BK20BL B0:65 8 =53>AC40@AB25==K5 CG51=K5 F5=B@K 8 :C@AK, A?5F80;878@CNI85AO =0 ?>43>B>2:5 G0AB=KE >E@0==8:>2. > 40==K< =0G0;L=8:0 >B45;0 #?@02;5=8O ;8F5=78>==>-@07@5H8B5;L=>9 @01>BK #  >AA89A:>9 $545@0F88 . 0OF:>3>, =0 01.10.03 3. 2 >AA88 1K;> 70@538AB@8@>20=> 10030 >E@0==KE ?@54?@8OB89, 2 B>< G8A;5: 5016 G0AB=KE >E@0==KE ?@54?@8OB89; 5014 A;C61 157>?0A=>AB8.  MB><C 2@5<5=8 2 >E@0==KE AB@C:BC@0E @01>B0;> 140653 G5;>25:, 8<5NI8E ;8F5=788 =0 G0AB=CN >E@0==CN 45OB5;L=>ABL. 7 =8E: 24,4% - 1K2H85 A>B@C4=8:8 >@30=>2 2=CB@5==8E 45;; 9,9% - 1K2H85 A>B@C4=8:8 >@30=>2 157>?0A=>AB8; 3,4% - 1K2H85 @01>B=8:8 4@C38E ?@02>>E@0=8B5;L=KE >@30=>2. 0 2>>@C65=88 G0AB=KE >E@0==KE ?@54?@8OB89 =0E>48;>AL 65130 548=8F >3=5AB@5;L=>3> >@C68O, 2 B>< G8A;5: 8477 ?8AB>;5B>2 0:0@>20; 22167 548=8F A;C651=>3> >@C68O; 20992 >E>B=8GL8E 3;04:>AB2>;L=KE @C659; 13494 548=8F 307>2>3> >@C68O. 0 <>9 273;O4, 1K;> 1K 8=B5@5A=K< ?@>0=0;878@>20BL A>2@5<5==>5 A>AB>O=85 8 40BL ?@>3=>7 =0 1;8609HCN ?5@A?5:B82C @0728B8O, @K=:0 >E@0==KE CA;C3 2 >AA88.  =0AB>OI89 <><5=B 2 AD5@5 MB>3> 187=5A0 @01>B0NB ?>@O4:0 16 BKA. G0AB=KE >E@0==KE ?@54?@8OB89 8 A;C61 157>?0A=>AB8 A G8A;5==>ABLN 375 BKA. B>;L:> ;8F5=78@>20==KE >E@0==8:>2, 8<5NI8E 1>;55 108 BKA. 548=8F >3=5AB@5;L=>3> >@C68O. @><5 B>3>, 16 <8=8AB5@AB2 8 254><AB2 A>740;8 ?>4@0745;5=8O G0AB=>9 >E@0=K A >@85=B8@>2>G=K< HB0B>< ?> @07=K< >F5=:0< >B 249 4> 265 BKA. >E@0==8:>2. "0:8< >1@07><, =0 A53>4=OH=89 45=L G8A;5==>ABL 3@0640=, ;530;L=> 70459AB2>20==KE 2 >E@0=5 A>1AB25==>AB8 (157 CG5B0  8 '!), 4>AB83;0 1 <;=. G5;. >4>2>9 >1J5< >E@0==KE CA;C3 2 >AA88 A53>4=O >F5=8205BAO M:A?5@B0<8 2 2 <;@4. 4>;;0@>2 A CG5B>< 4>;8 G0AB=KE >E@0==KE >@30=870F89. !;54C5B :>=AB0B8@>20BL, GB> 2=5254><AB25==0O >E@0=0 ?> A59 45=L @50;L=> A>E@0=O5B A2>8 ;848@CNI85 ?>78F88. 7 3-E <8;;8>=>2 E>7O9AB2CNI8E AC1J5:B>2, 70@538AB@8@>20==KE >A:><AB0B><, 1>;55 400 BKAOG 8;8 13% =0E>4OBAO ?>4 2=5254><AB25==>9 >E@0=>9 8 8E :>;8G5AB2> 5653>4=> 2>7@0AB05B. 25 ?OBKE >1J5<0 >E@0==KE <5@>?@8OB89 ?@8E>48BAO 8<5==> =0 ?>4@0745;5=8O . <5AB5 A B5<, ?@>3=>78@CO A>AB>O=8O @K=:0 >E@0==KE CA;C3 =0 1;8609HCN 8 A@54=5A@>G=CN ?5@A?5:B82K A;54C5B >B<5B8BL, GB> ?>AB5?5==0O AB018;870F8O M:>=><8G5A:>3> ?>;>65=8O 2 >AA88, ?;0=8@CNI85AO <5@>?@8OB8O ?> >B<5=5 (A=865=8O) @O40 =0;>3>2, 27KA:8205<KE A N@848G5A:8E ;8F, ?@8254CB : C:@5?;5=8N :0: <5;:8E A>1AB25==8:>2, O2;ONI8EAO >A=>2=>9 <0AA>9 :;85=B>2 ', B0: 8 :@C?=KE 8 A@54=8E ?@54?@8OB89, 8<5NI8E ?@02> A>3;0A=> $545@0;L=><C 0:>=C =0 A>740=85 ?>4:>=B@>;L=KE ?>4@0745;5=89 254><AB25==>9 >E@0=K. "0:, 22545=85 A 01 O=20@O 2003 3>40 =0;>3>2KE ;L3>B 4;O ?@54?@8OB89 <0;>3> 187=5A0 A G8A;5==>ABLN @01>B=8:>2 <5=55 100 G5;>25: C65 ACI5AB25==> ?>2KA8;8 :>=:C@5=B>A?>A>1=>ABL ' 8 !;C61 57>?0A=>AB8 =0 @K=:5 >E@0==KE CA;C3 (A@54=OO G8A;5==>ABL ' 8 !;C61 57>?0A=>AB8 A>AB02;O5B 22-24 G5;>25:0). A;8 4> =5402=53> 2@5<5=8 @K=>: 157>?0A=>AB8 @072820;AO 2 >A=>2=>< 2 <530?>;8A0E (>A:20, !0=:B-5B5@1C@3 8 @O4 4@C38E 3>@>4>2-<8;;8>==8:>2), B> 2 ?>A;54=55 2@5<O ?@8@>AB G8A;0 ' 40;8 ?@>28=F88, B0< 345 >682;O5BAO M:>=><8:0. @C?=K5 >E@0==K5 >@30=870F88 (<>=AB@K >E@0==>3> 187=5A0) A>740NB @538>=0;L=CN A5BL A2>8E D8;80;>2. @8 MB>< 8<8 2A5 G0I5 8 G0I5 >1@07CNBAO A>1AB25==K5 AB0=F88 <>=8B>@8=30 A>AB>O=8O >E@0=K >1J5:B0 (?C;LBK F5=B@0;87>20==>3> =01;N45=8O), 0 B0:65 <>18;L=K5 3@C??K @5038@>20=8O =0 B@52>6=K5 A>>1I5=8O, B> 5ABL 0=0;>3 AE5<K, ?@8<5=O5<>9 2> 2=5254><AB25==>9 >E@0=5. :B82=> >A208205BAO 8<8 8 B0:>9 A5:B>@, :0: >E@0=0 ?5@52>78<KE 3@C7>2.  F5;OE C:@5?;5=8O ?>78F89 G0AB=KE >E@0==KE >@30=870F89 =0 AD>@<8@>202H5<AO @K=:5 >E@0==KE CA;C3, 2KE>4 55 =0 :0G5AB25==> =>2K9 C@>25=L @0728B8O 2848BAO 2 87<5=5=88 :>=F5?BC0;L=>3> ?>4E>40 : @5H5=8N ?@>1;5<K >15A?5G5=8O 157>?0A=>AB8 >E@0=O5<>3> >1J5:B0, ?5@5E>45 >B =5?>A@54AB25==>9 D878G5A:>9 >E@0=K : ?>2A5<5AB=><C 2=54@5=8N 2KA>:>B5E=>;>38G=KE :><?;5:A=KE A8AB5< 157>?0A=>AB8, 8=65=5@=>-B5E=8G5A:8E A@54AB2 >E@0=K, @0AH8@5=88 3@0=8F 8 0AA>@B8<5=B0 >E@0==KE CA;C3. 2.2. @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 2 =0AB>OI55 2@5<O @0640=A:>-?@02>2CN >A=>2C G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 A>AB02;ONB A;54CNI85 =>@<0B82=K5 ?@02>2K5 0:BK, :>B>@K5 <>6=> :;0AA8D8F8@>20BL =0: @02>2K5 0:BK 2 >1;0AB8 >@30=870F88 G0AB=>9 >E@0==>9 45OB5;L=>AB8, >?@545;5=85, F5;8, 7040G8, AC1J5:BK 8 >1J5:BK, :;0AA8D8:0F8O 284>2 CA;C3, : =8< >B=>AOBAO: >=AB8BCF8O >AA89A:>9 $545@0F88; @0640=A:89 :>45:A >AA89A:>9 $545@0F88. #3>;>2=K9 :>45:A >AA89A:>9 $545@0F88; #3>;>2=>-?@>F5AAC0;L=K9 :>45:A >AA89A:>9 $545@0F88 A ?@8;>65=8O<8 (2 ?>A;54=59 @540:F88 >B 30 8N;O 2002 3.); >AB0=>2;5=85 5@E>2=>3> !>25B0 >AA89A:>9 $545@0F88 >B 11.03.19923 !2488-1  ?>@O4:5 22545=8O 2 459AB285 70:>=0 >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88. @02>2K5 0:BK 2 >1;0AB8 ;8F5=78@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 >@30=870F89, : =8< >B=>AOB: $545@0;L=K9 0:>= >B 08.08.20013.!128-$  ;8F5=78@>20=88 >B45;L=KE 284>2 45OB5;L=>AB8; >AB0=>2;5=85 @028B5;LAB20 >AA89A:>9 $545@0F88 >B 11.02.20023. ! 135  ;8F5=78@>20=88 >B45;L=KE 284>2 45OB5;L=>AB8; 5@5G5=L $545@0;L=KE >@30=>2 8A?>;=8B5;L=>9 2;0AB8, >ACI5AB2;ONI8E ;8F5=78@>20=85, >B 11.02.20023.! 135; 5@5G5=L 284>2 45OB5;L=>AB8, ;8F5=78@>20=85, :>B>@KE >ACI5AB2;O5BAO >@30=0<8 8A?>;=8B5;L=>9 2;0AB8 AC1J5:B>2 >AA89A:>9 $545@0F88, 8 D545@0;L=KE >@30=>2 8A?>;=8B5;L=>9 2;0AB8, @07@010BK20NI8E ?@>5:BK ?>;>65=89 > ;8F5=78@>20=88 MB8E 284>2 45OB5;L=>AB8, >B 11.02.20023.! 135; =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O - =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O 8 >ACI5AB2;5=8O >@30=0<8 2=CB@5==8E 45; :>=B@>;O 70 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN, CB25@645==0O @8:07><  $ >B 22.08.92 ! 292  1 >@30=870F88 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 (@54. >B 14.11.94). 8F5=78@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 '0AB=0O >E@0==0O 45OB5;L=>ABL <>65B >ACI5AB2;OBLAO B>;L:> ?@8 =0;8G88 A>>B25BAB2CNI59 ;8F5=788: AB. 11 0:>=0 > G0AB=>9 >E@0==>9 45OB5;L=>AB8; =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O. $878G5A:8< ;8F0<, =5 8<5NI8< ?@02>2>3> AB0BCA0 G0AB=>3> >E@0==8:0, 70?@5I05BAO >:07K20BL >E@0==K5 CA;C38, 2 B>< G8A;5 ?> >E@0=5 8<CI5AB20 A>1AB25==8:>2, 53> B@0=A?>@B8@>2:5, 0 B0:65 :>=AC;LB8@>20=8N 8 ?>43>B>2:5 @5:><5=40F89 :;85=B0< ?> 2>?@>A0< ?@02><5@=>9 70I8BK >B ?@>B82>?@02=KE ?>AO30B5;LAB2 (?. 5 AB. 3 0:>=0 > G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8). 8F5=78O ?@54AB02;O5B A>1>9 @07@5H5=85 >@30=>2 2=CB@5==8E 45; =0 >ACI5AB2;5=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 8 2K405BAO: 3@0640=0< - ?> <5ABC 68B5;LAB20; G0AB=K< >E@0==K< ?@54?@8OB8O< - ?> <5ABC 8E CG@5645=8O. 8F5=78O 405B ?@02> =0 >ACI5AB2;5=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8, ?@54CA<>B@5==>9 CG@548B5;L=K<8 4>:C<5=B0<8 G0AB=KE >E@0==KE ?@54?@8OB89 ;81> CAB020<8 A;C61 157>?0A=>AB8. 5@540G0 ;8F5=788 4;O 8A?>;L7>20=8O 55 4@C38<8 ;8F0<8 2;5G5B 55 0==C;8@>20=85 (?. ?. 2.1.1-2.1.3, 2.2.8 =AB@C:F88 > ?>@O4:5 ;8F5=78@>20=8O). $>@<K 1;0=:>2 ;8F5=788 =0 G0AB=CN >E@0==CN 45OB5;L=>ABL A C:070=85< 2A5E @5:2878B>2 ;8F5=789 40=K 2 @8;>65=88 7 =AB@C:F88 > ?>@O4:5 ;8F5=78@>20=8O. K40GC, ?@>4;5=85 A@>:0 459AB28O 8 0==C;8@>20=85 ;8F5=788 =0 >ACI5AB2;5=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 ?@>872>4OB 3>@>4A:85 8 @09>==K5 >@30=K 2=CB@5==8E 45;. =8 65 >ACI5AB2;ONB :>=B@>;L 70 45OB5;L=>ABLN G0AB=KE >E@0==KE ?@54?@8OB89 (>1J548=5=89) 8 A;C61 157>?0A=>AB8 2 ?@545;0E >1A;C68205<>9 B5@@8B>@88, 0 B0:65 2K40NB A5@B8D8:0BK =0 ?@02> ?@8>1@5B5=8O 70 ?;0BC A?5F80;L=KE A@54AB2, >@C68O 8 1>5?@8?0A>2 G0AB=K< >E@0==K< ?@54?@8OB8O< (>1J548=5=8O<) 8 A;C610< 157>?0A=>AB8. 5H5=85 > 2K40G5 2A5E 284>2 ;8F5=789 ?@8=8<05B =0G0;L=8: A>>B25BAB2CNI53> >@30=0 2=CB@5==8E 45; (8;8 53> 70<5AB8B5;L ?> <8;8F88 >1I5AB25==>9 157>?0A=>AB8), :>B>@K9 ?>4?8AK205B ;8F5=78N 8 C4>AB>25@5=85 G0AB=>3> >E@0==8:0 (?.?.1.2 8 1.3 =AB@C:F88 > ?>@O4:5 ;8F5=78@>20=8O). 8F5=78O =5 2K405BAO (?.?. 2.2.9 =AB@C:F88 > ?>@O4:5 ;8F5=78@>20=8O): 1. 3@0640=0<, =5 4>AB83H8< 4204F0B8 >4=>3> 3>40; 2. 3@0640=0<, A>AB>OI8< =0 CG5B5 2 >@30=0E 74@02>>E@0=5=8O ?> ?>2>4C ?A8E8G5A:>3> 701>;520=8O, 0;:>3>;87<0 8;8 =0@:><0=88; 3. 3@0640=0<, 8<5NI8< AC48<>ABL 70 A>25@H5=85 C<KH;5==>3> ?@5ABC?;5=8O; 4. 3@0640=0<, :>B>@K< ?@54JO2;5=> >128=5=85 2 A>25@H5=88 ?@5ABC?;5=8O (4> @07@5H5=8O 2>?@>A0 >1 8E 28=>2=>AB8 2 CAB0=>2;5==>< 70:>=>< ?>@O4:5); 5. 3@0640=0<, C2>;5==K< A 3>AC40@AB25==>9 A;C61K, 87 AC451=KE, ?@>:C@>@A:8E 8 8=KE ?@02>>E@0=8B5;L=KE >@30=>2 ?> :><?@><5B8@CNI8< 8E >A=>20=8O<; 6. 1K2H8< @01>B=8:0< ?@02>>E@0=8B5;L=KE >@30=>2, >ACI5AB2;O2H8< :>=B@>;L 70 G0AB=>9 >E@0==>9 45OB5;L=>ABLN, 5A;8 A> 4=O 8E C2>;L=5=8O =5 ?@>H5; 3>4; 7. 3@0640=0<, =5 ?@54AB0282H8< 4>:C<5=BK, =5>1E>48<K5 4;O ?>;CG5=8O ;8F5=788.  @0640=8=C, ?>;CG82H5<C ;8F5=78N =0 >:070=85 >E@0==KE CA;C3, A>>B25BAB2CNI8< >@30=>< 2=CB@5==8E 45; >4=>2@5<5==> 2K405BAO 4>:C<5=B CAB0=>2;5==>3> >1@07F0, C4>AB>25@ONI89 53> ;8G=>ABL. 04@>20O ?>;8B8:0 =53>AC40@AB25==>3> A5:B>@0 >E@0==KE CA;C3 A:;04K205BAO 87 ?@82;5G5=8O : @01>B5 1K2H8E A>B@C4=8:>2 ?@02>>E@0=8B5;L=KE >@30=>2 8 A?5FA;C61, C2>;5==KE ?> A>:@0I5=8N 2 70?0A :04@>2KE 2>5==KE, ?@5645 2A53> 25B5@0=>2 ?>4@0745;5=89 A?5F80;L=>3> =07=0G5=8O, 25B5@0=>2 2>9=K 2 D30=8AB0=5 CG0AB=8:>2 ;>:0;L=KE :>=D;8:B>2. 5;0O AB02:C =0 ?@>D5AA8>=0;>2, >E@0==K5 ?@54?@8OB8O =5 B>;L:> ?>2KH0NB A2>9 >?5@0B82=K9 ?>B5=F80; 8 @5H0NB 7040GC A>F80;L=>9 040?B0F88 25B5@0=>2 : =>2K< CA;>28O< 687=8, => 8 ?@5?OBAB2CNB CE>4C :20;8D8F8@>20==KE A?5F80;8AB>2 2 :@8<8=0;L=CN AD5@C 8 ?@82;5:0NB : A515 <>;>456L. >AB0B>G=> >B<5B8BL, 2 =081>;55 02B>@8B5B=KE :@C?=KE >E@0==KE >1J548=5=8OE, ?@8<8=0NI8E =0 A51O 30@0=B88 ?> >15A?5G5=8N :><?;5:A=>9 157>?0A=>AB8 ?@54?@8=8<0B5;LAB20, ?@>A;568205BAO 2;8O=85 >@30=>2 A?5F?>4@0745;5=89 ?@02>>E@0=8B5;L=KE >@30=>2 8;8 D545@0;L=>9 :>=B@@07254:8 (AA>F80F8O "@02>?>@O4>:",  0I8B0 , "0;L@>A", 8 B.4.). >;LH8=AB2> 10=:>2A:8E A;C61 157>?0A=>AB8 2>73;02;ONB >BAB02=K5 >D8F5@K, 2 B>< G8A;5 8 35=5@0;K, 2 ?@>H;>< A>B@C4=8:8 , , $! 8 B.4. @02>2K5 0:BK 2 >1;0AB8 ?@8<5=5=8O A?5F80;L=KE A@54AB2 8 >3=5AB@5;L=>3> >@C68O ?@8 >ACI5AB2;5=88 G0AB=>9 >E@0==>9 45OB5;L=>AB8, : =8< >B=>AOB: $545@0;L=K9 70:>= >B 13.12.96 ! 150-$  1 >@C688 (?>A;54=59. @54. >B 10 O=20@O 20033>40.); >AB0=>2;5=85 @028B5;LAB20 >AA89A:>9 $545@0F88 >B 14.08.92 ! 587  >?@>AK G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 (?>A;54=59. @54. >B 268N;O 20003>40.) (MB8< ?>AB0=>2;5=85< CB25@645=K: ?5@5G5=L >1J5:B>2, ?>4;560I8E 3>AC40@AB25==>9 >E@0=5; ?5@5G5=L 284>2 A?5F80;L=KE A@54AB2, 8A?>;L7C5<KE 2 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8; ?5@5G5=L 284>2 2>>@C65=8O >E@0==8:>2; ?@028;0 ?@8<5=5=8O G0AB=K<8 45B5:B820<8 8 >E@0==8:0<8 A?5F80;L=KE A@54AB2); @8:07  >AA89A:>9 $545@0F88 >B 02.12.92 ! 442   =5:>B>@KE <5@0E ?> >15A?5G5=8N 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 70:>=>40B5;LAB20 > G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 (@54. >B 5 <0@B0 19943>40.) (MB8< ?@8:07><, 2 G0AB=>AB8, CB25@645=0 =AB@C:F8O >1 CAB0=>2;5=88 @07<5@0 >?;0BK 8 ?>@O4:0 8A?>;L7>20=8O A@54AB2, ?>;CG05<KE 70 2@5<5==>5 ?>;L7>20=85 >3=5AB@5;L=K< >@C685<, 1>5?@8?0A0<8 : =5<C 8 A?5F80;L=K<8 A@54AB20<8, 0 B0:65 70 2K?>;=5=85 8=KE CA;C3, A2O70==KE A >15A?5G5=85< 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 ); @8:07  >AA89A:>9 $545@0F88 >B 25.07.94 ! 356   40;L=59H8E <5@0E ?> >15A?5G5=8N 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88 >1 >@C688 (MB8< ?@8:07>< CB25@645=0 =AB@C:F8O > ?>@O4:5 CG5B0, E@0=5=8O 8 >D>@<;5=8O ;8F5=789 =0 ?@02> ?@>4068 8 ?@8>1@5B5=8O A;C651=>3> 8 3@0640=A:>3> >@C68O 8 53> 22>70 =0 B5@@8B>@8N >AA89A:>9 $545@0F88 8 2K2>70 87 >AA89A:>9 $545@0F88, 0 B0:65 8A?>;L7>20=8O 45=56=KE A@54AB2, ?>ABC?0NI8E 70 2K40GC ;8F5=789). @8<5=5=85 A?5F80;L=KE A@54AB2 8 >3=5AB@5;L=>3> >@C68O ?@8 >ACI5AB2;5=88 G0AB=>9 >E@0==>9 45OB5;L=>AB8.  E>45 >ACI5AB2;5=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 @07@5H05BAO ?@8<5=OBL A?5F80;L=K5 A@54AB20 8 >3=5AB@5;L=>5 >@C685 B>;L:> 2 A;CG0OE 8 ?>@O4:5, ?@54CA<>B@5==>< 70:>=><, 8 2 ?@545;0E ?@54>AB02;5==KE ;8F5=7859 ?@02. E@0==8: ?@8 ?@8<5=5=88 A?5F80;L=KE A@54AB2 8;8 >3=5AB@5;L=>3> >@C68O , ?@8 ?@8<5=5=88 A?5F80;L=KE A@54AB2 >1O70=: ?@54C?@5640BL > =0<5@5=88 8E 8A?>;L7>20BL, ?@54>AB0282 ?@8 MB>< 4>AB0B>G=> 2@5<5=8 4;O 2K?>;=5=8O A2>8E B@51>20=89, 70 8A:;NG5=85< B5E A;CG052, :>340 ?@><54;5=85 2 ?@8<5=5=88 A?5F80;L=KE A@54AB2 8;8 >3=5AB@5;L=>3> >@C68O A>7405B =5?>A@54AB25==CN >?0A=>ABL 53> 687=8 8 74>@>2LN 8;8 <>65B ?>2;5GL 70 A>1>N 8=K5 BO6:85 ?>A;54AB28O; AB@5<8BLAO 2 7028A8<>AB8 >B E0@0:B5@0 8 AB5?5=8 >?0A=>AB8 ?@02>=0@CH5=8O 8 ;8F, 53> A>25@H82H8E, 0 B0:65 A8;K >:07K205<>3> ?@>B82>459AB28O : B><C, GB>1K ;N1>9 CI5@1, ?@8G8=O5<K9 ?@8 CAB@0=5=88 >?0A=>AB8 1K; <8=8<0;L=K<; >15A?5G8BL ;8F0<, ?>;CG82H8< B5;5A=K5 ?>2@5645=8O, 4>2@0G51=CN ?><>IL 8 C254><8BL > ?@>8AH54H5< 2 2>7<>6=> :>@>B:89 A@>: >@30=K 74@02>>E@0=5=8O 8 2=CB@5==8E 45;; =5<54;5==> C254><8BL ?@>:C@>@0 > 2A5E A;CG0OE A<5@B8 8;8 ?@8G8=5=8O B5;5A=KE ?>2@5645=89. '0AB=K5 >E@0==8:8, >1;040NI85 ;8F5=7859, >1O70=K ?@>E>48BL ?5@8>48G5A:CN ?@>25@:C =0 ?@83>4=>ABL : 459AB28O< 2 CA;>28OE, A2O70==KE A ?@8<5=5=85< A?5F80;L=KE A@54AB2 8 >3=5AB@5;L=>3> >@C68O. @8<5=5=85 G0AB=K< >E@0==8:>< A?5F80;L=KE A@54AB2 8;8 >3=5AB@5;L=>3> >@C68O A ?@52KH5=85< A2>8E ?>;=><>G89, :@09=59 =5>1E>48<>AB8 8;8 =5>1E>48<>9 >1>@>=K 2;5G5B 70 A>1>9 ;8H5=85 ;8F5=788, 0 B0:65 8=CN >B25BAB25==>ABL, CAB0=>2;5==CN 70:>=><. '0AB=K5 >E@0==8:8 8<5NB ?@02> ?@8<5=OBL A?5F80;L=K5 A@54AB20 2 A;54CNI8E A;CG0OE: 4;O >B@065=8O =0?045=8O, =5?>A@54AB25==> C3@>60NI53> 8E 687=8 8 74>@>2LN; 4;O ?@5A5G5=8O ?@5ABC?;5=8O ?@>B82 >E@0=O5<>9 8<8 A>1AB25==>AB8, :>340 ?@02>=0@CH8B5;L >:07K205B D878G5A:>5 A>?@>B82;5=85. 0?@5I05BAO ?@8<5=OBL A?5F80;L=K5 A@54AB20 2 >B=>H5=88 65=I8= A 2848<K<8 ?@87=0:0<8 15@5<5==>AB8, ;8F A O2=K<8 ?@87=0:0<8 8=20;84=>AB8 8 =5A>25@H5==>;5B=8E, :>340 8E 2>7@0AB >G52845= 8;8 8725AB5= G0AB=><C 45B5:B82C, :@><5 >:070=85 8<8 2>>@C65==>3> A>?@>B82;5=8O, A>25@H5=8O 3@C??>2>3> 8;8 8=>3> =0?045=8O, C3@>60NI53> 687=8 8 74>@>2LN G0AB=>3> >E@0==8:0 8;8 >E@0=O5<>9 A>1AB25==>AB8. E@0==8:8 8<5NB ?@02> ?@8<5=OBL >3=5AB@5;L=>5 >@C685 2 A;54CNI8E A;CG0OE: 4;O >B@065=8O =0?045=8O, :>340 53> A>1AB25==0O 687=L ?>425@305BAO =5?>A@54AB25==>9 >?0A=>AB8; 4;O >B@065=8O 3@C??>2>3> 8;8 2>>@C65==>3> =0?045=8O =0 >E@0=O5<CN A>1AB25==>ABL; 4;O ?@54C?@5645=8O > =0<5@5=88 ?@8<5=8BL >@C685, 0 B0:65 4;O ?>40G8 A83=0;0 B@52>38 8;8 2K7>20 ?><>I8.  :064>< A;CG05 ?@8<5=5=8O >3=5AB@5;L=>3> >@C68O >E@0==8: >1O70= =570<54;8B5;L=> 8=D>@<8@>20BL >@30= 2=CB@5==8E 45; ?> <5ABC ?@8<5=5=8O >@C68O.  :0G5AB25 A?5F80;L=KE A@54AB2 8A?>;L7CNBAO @578=>2K5 ?0;:8, =0@CG=8:8, A;57>B>G82K9 307 8 4@C385 A@54AB20. !?5F80;L=K5 A@54AB20 ?@8<5=ONBAO G0AB=K<8 >E@0==8:0<8 2 A;CG0OE, :>340 8A?>;L7>20=K 8 =5 40;8 65;05<KE @57C;LB0B>2 =5=0A8;LAB25==K5 A?>A>1K ?@54C?@548B5;L=>3> 2>7459AB28O =0 ?@02>=0@CH8B5;O.  A8BC0F8OE, :>340 ?@8<5=5=85 A?5F80;L=KE A@54AB2 =587156=>, G0AB=K9 >E@0==8: >1O70= ?@>O2;OBL A45@60==>ABL, 459AB2>20BL 8AE>4O 87 A:;04K20NI59AO >1AB0=>2:8 8 B>9 F5;8, :>B>@0O 4>;6=0 1KBL 4>AB83=CB0, A2>4O : <8=8<C<C 2>7<>6=>ABL ?@8G8=5=8O CI5@10 < =0=5A5=8O B5;5A=KE ?>2@5645=89. A>15==>AB8 ?@8<5=5=8O >B45;L=KE 284>2 A?5F80;L=KE A@54AB2: 578=>2K5 4C18=:8. 0?@5I05BAO =0=5A5=85 C40@>2 ?> 3>;>25, H55 8 :;NG8G=>9 >1;0AB8, 682>BC, ?>;>2K< >@30=0<. 0@CG=8:8. "@51C5BAO ?5@8>48G5A:0O (=5 @565 G5< >48= @07 2 420 G0A0) ?@>25@:0 A>AB>O=8O D8:A0F88 70<:>2. !;57>B>G82K5 25I5AB20. 0?@5I05BAO ?@8F5;L=0O AB@5;L1K ?> ?@02>=0@CH8B5;O<, ?>2B>@=>5 ?@8<5=5=85 8E 2 ?@545;0E 7>=K ?>@065=8O 2 ?5@8>4 459AB28O MB8E 25I5AB2. ;O ?>;CG5=8O A5@B8D8:0B0 =0 ?@8>1@5B5=85, E@0=5=85 8 =>H5=85 >3=5AB@5;L=>3> >@C68O 8 1>5?@8?0A>2 : =8<, A?5FA@54AB2 '5@5<CE0-10, 8E 0=0;>3>2 8 4@C38E A?5F80;L=KE A@54AB2 =5>1E>48<> ?@54AB028BL 2 >@30= 2=CB@5==8E 45;, 2K402H89 ;8F5=78N =0 ?@02> 70=8<0BLAO G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN, 70O2:C, 2 :>B>@>9 C:07K20NBAO: 0) =><5@ ;8F5=788, ?@54>AB02;ONI59 8< ?@02> 70=8<0BLAO >:070=85< >E@0==KE CA;C3; 1)A2545=8O >1 8<5NI5<AO 8 ?>B@51=>< :>;8G5AB25 A?5F80;L=KE A@54AB2, >@C68O 8 1>5?@8?0A>2; 2) A2545=8O > G8A;5==>AB8 ?5@A>=0;0, :>B>@><C =5>1E>48<K >@C685 8 A?5F80;L=K5 A@54AB20 4;O 8A?>;L7>20=8O 2 G0AB=>9 >E@0==>9 45OB5;L=>AB8; 3) A2545=8O > =0<5@5=8OE 8A?>;L7>20BL >@C685 8 A?5F80;L=K5 A@54AB20 A >?8A0=85< >1J5:B>2, ?>4;560I8E >E@0=5, 8 C:070=85< :>;8G5AB20 =5>1E>48<KE 4;O MB>3> ?>AB>2 8 <0@H@CB>2, G8A;0 ;8F, :>B>@K< >15A?5G8205BAO 70I8B0 687=8 8 74>@>2LO; 4) A2545=8O > =0;8G88 CA;>289 4;O =0456=>3> E@0=5=8O A?5F80;L=KE A@54AB2, >@C68O 8 1>5?@8?0A>2 A >?8A0=85< ?><5I5=89 4;O E@0=5=8O, B5E=8G5A:8E A@54AB2 70I8BK 8 >@30=870F88 >E@0=K. @02>2K5 0:BK 2 >1;0AB8 2 >1;0AB8 :>=B@>;O 8 =047>@0 70 G0AB=>9 >E@0==>9 45OB5;L=>ABLN, : =8< >B=>AOB: @8:07  >AA89A:>9 $545@0F88 >B 22.08.92 ! 292  1 >@30=870F88 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 (@54. >B 14=>O1@O 19943>40.) (MB8< ?@8:07>< CB25@645=0 =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O 8 >ACI5AB2;5=8O >@30=0<8 2=CB@5==8E 45; :>=B@>;O 70 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN); 0:>= >AA89A:>9 $545@0F88 >B 18.04.91 ! 1026-1   <8;8F88 (?>A;54=59. @54. >B 6 45:01@O 19993>40.); @8:07  >AA89A:>9 $545@0F88 >B 12.04.99 ! 288   <5@0E ?> @50;870F88 ?>AB0=>2;5=8O @028B5;LAB20 >AA89A:>9 $545@0F88 >B 21 8N;O 1998 3>40 ! 814 (MB8< ?@8:07>< CB25@645=0 =AB@C:F8O ?> >@30=870F88 @01>BK >@30=>2 2=CB@5==8E 45; ?> :>=B@>;N 70 >1>@>B>< 3@0640=A:>3> 8 A;C651=>3> >@C68O 8 ?0B@>=>2 : =5<C =0 B5@@8B>@88 >AA89A:>9 $545@0F88); 0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 (A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40). >=B@>;L 8 =047>@ 70 45B5:B82=>9 G0AB=>9 8 >E@0==>9 45OB5;L=>ABLN. '0AB=0O >E@0==0O 45OB5;L=>ABL 70AG8BK205BAO 2 >1I89 B@C4>2>9 AB06 8 AB06 4;O =07=0G5=8O ?>A>189 ?> 3>AC40@AB25==><C A>F80;L=><C AB@0E>20=8N ?@8 CA;>288 C?;0BK 27=>A>2 2 5=A8>==K9 D>=4 >AA89A:>9 $545@0F88 8 2 $>=4 3>AC40@AB25==>3> A>F80;L=>3> AB@0E>20=8O >AA89A:>9 $545@0F88. >=B@>;L 70 G0AB=>9 >E@0==>9 45OB5;L=>ABLN =0 B5@@8B>@88 >AA89A:>9 $545@0F88 >ACI5AB2;ONB 8=8AB5@AB2> =CB@5==8E 5; >AA89A:>9 $545@0F88, 8=K5 <8=8AB5@AB20 8 254><AB20 >AA89A:>9 $545@0F88 8 ?>4G8=5==K5 8< >@30=K 8 ?>4@0745;5=8O, 2 ?@545;0E, CAB0=>2;5==KE 0:>=>< >AA89A:>9 $545@0F88 >B 11 <0@B0 1992 3>40 ! 2487-1  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 . >;6=>AB=K5 ;8F0, C?>;=><>G5==K5 >ACI5AB2;OBL :>=B@>;L 70 45OB5;L=>ABLN G0AB=KE >E@0==KE ?@54?@8OB89, >1@07>20B5;L=KE CG@5645=89 8 A;C61 157>?0A=>AB8, 2?@025 B@51>20BL >B =8E 2 @0<:0E A2>59 :><?5B5=F88 ?@54AB02;5=8O A>>B25BAB2CNI8E 4>:C<5=B>2 8 ?>;CG0BL ?8AL<5==CN 8;8 CAB=CN 8=D>@<0F8N, =5>1E>48<CN 4;O 2K?>;=5=8O :>=B@>;L=KE DC=:F89. !>3;0A=> ?@8;>65=8N : ?@8:07C  >AA89A:>9 $545@0F88 >B 22.08.92 ! 292 :>=B@>;L 70 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN 2 A8AB5<5  >AA88 2>7;>68BL =0 =0G0;L=8:>2 A>>B25BAB2CNI8E ?>4@0745;5=89  >AA88,  @5A?C1;8:, C?@02;5=89 2=CB@5==8E 45; :@052 8 >1;0AB59, 3>@>4>2 >A:2K 8 !0=:B-5B5@1C@30, 02B>=><=KE >1@07>20=89 2 A>AB025 >AA89A:>9 $545@0F88, @C:>2>48B5;59 3>@@09>@30=>2 2=CB@5==8E 45;. >=B@>;L >ACI5AB2;O5BAO 2 A;54CNI8E =0?@02;5=8OE: 0) ?@>25@:0 A>>B25BAB28O G0AB=>9 >E@0==>9 45OB5;L=>AB8, >ACI5AB2;O5<>9 55 AC1J5:B0<8, 284>< MB>9 45OB5;L=>AB8, CAB0=>2;5==K< AB0BL59 3, A>1;N45=85 8<8 B@51>20=89 AB0BL8 7 0:>=0 >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88; 1) ?@>25@:0 A>1;N45=8O 2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 ?>@O4:0 ?@8>1@5B5=8O, CG5B0, E@0=5=8O, =>H5=8O 8 8A?>;L7>20=8O >3=5AB@5;L=>3> >@C68O 8 A?5F80;L=KE A@54AB2; 2) CG0AB85 A>2<5AB=> A 4@C38<8 :><?5B5=B=K<8 >@30=0<8 2 :>=B@>;5 70 >ACI5AB2;5=85< ?>43>B>2:8 :04@>2 4;O G0AB=KE >E@0==KE ?@54?@8OB89, A;C61 157>?0A=>AB8 2 B>< G8A;5 >3=52>9 ?>43>B>2:8, =53>AC40@AB25==K<8 >1@07>20B5;L=K<8 CG@5645=8O<8; 3) @0AA<>B@5=85 <0B5@80;>2 =0;>3>2KE 8=A?5:F89 ?> 2>?@>A0< A>1;N45=8O =0;>3>2KE 8 8=KE D8=0=A>2KE >1O70B5;LAB2 G0AB=K<8 >E@0==K<8 ?@54?@8OB8O<8, A;C610<8 157>?0A=>AB8. >=B@>;L >ACI5AB2;O5BAO 2 A>>B25BAB288 A ?;0=>< @01>BK, CB25@645==K< =0G0;L=8:>< >@30=0 2=CB@5==8E 45;. @30=K 2=CB@5==8E 45; 2?@025 ?@>2>48BL A?;>H=K5 8;8 2K1>@>G=K5 ?@>25@:8, @57C;LB0BK ?@>25@>: 4>2>4OBAO 4> A2545=8O @C:>2>48B5;O ?@>25@O5<>3> ?@54?@8OB8O. >;6=>AB=K5 ;8F0 >@30=>2 2=CB@5==8E 45;, >B25BAB25==K5 70 ;8F5=78@>20=85, 2?@025 ?@>2>48BL ?@>25@:C 4>3>2>@>2, 70:;NG05<KE <564C G0AB=K<8 >E@0==K<8 ?@54?@8OB8O<8 8 :;85=B0<8 A F5;LN CAB0=>2;5=8O A>>B25BAB28O 8E 45OB5;L=>AB8 B@51>20=8O< 70:>=>40B5;L=KE, 8=KE ?@02>2KE 0:B>2 8 CG@548B5;L=K< 4>:C<5=B0<. >;6=>AB=K5 ;8F0 ?@>25@ONB =5 @565 >4=>3> @070 2 3>4 ?@8 ?>;CG5=88 A>>B25BAB2CNI59 8=D>@<0F88 :04@>2K9 A>AB02 G0AB=KE >E@0==KE ?@54?@8OB89, A F5;LN 2KO2;5=8O A;CG052 A>2<5I5=8O @C:>2>48B5;O<8 >E@0==KE ?@54?@8OB89 8 >E@0==8:0<8, >:07K20NI8<8 CA;C38, A2O70==K5 A ?@>5:B8@>20=85<, <>=B06>< 8 M:A?;C0B0F859 A@54AB2 >E@0==>-?>60@=>9 A83=0;870F88, 8A?>;L7>20=85< 2 A2>59 45OB5;L=>AB8 >@C68O 8 A?5F80;L=KE A@54AB2, >15A?5G5=85 70I8BK 687=8 8 74>@>2LO >B45;L=KE ;8F, A2>59 45OB5;L=>AB8 A 3>AC40@AB25==>9 A;C61>9 ;81> A 2K1>@=>9 >?;0G8205<>9 4>;6=>ABLN 2 >1I5AB25==KE >1J548=5=8OE. @8 ?@>2545=88 ?@>25@>: >A>1>5 2=8<0=85 >1@0I05BAO =0 CA;>28O E@0=5=8O A?5F80;L=KE A@54AB2, >@C68O 8 1>5?@8?0A>2, 0 B0:65 =0 2KO2;5=85 ?@>A@>G5==KE A5@B8D8:0B>2, ?@028;L=>ABL 2545=8O CG5B=>9 4>:C<5=B0F88, A25@EC A?5F80;L=KE A@54AB2 8 >@C68O ?> 2840< 8 =><5@0<, =0;8G85 8E C ?5@A>=0;0, :>B>@><C >=8 2K40=K 4;O 2K?>;=5=8O >E@0==KE CA;C3. 54>AB0B:8 2 A>E@0==>AB8 A?5F80;L=KE A@54AB2, >@C68O 8 1>5?@8?0A>2 ?@>25@ONI85 >B@060NB 2 :=835 >A<>B@0 2>>@C65=8O. @8 =5>1E>48<>AB8 ?@>2>48BAO A;C651=>5 @0AA;54>20=85. @8 CAB0=>2;5=88 28=K @C:>2>48B5;59 8 ?5@A>=0;0 >=8 <>3CB 1KBL ;8H5=K ;8F5=788 =0 ?@02> 70=8<0BLAO G0AB=>9 >E@0==>9 45OB5;L=>ABLN, 0 B0:65 ?@82;5G5=K : 04<8=8AB@0B82=>9 8;8 C3>;>2=>9 >B25BAB25==>AB8. @30=K 2=CB@5==8E 45; 40NB :><?5B5=B=>5 70:;NG5=85 ?> ?@>3@0<<0< >1CG5=8O G0AB=KE >E@0==8:>2 =53>AC40@AB25==K< >1@07>20B5;L=K< CG@5645=8O< ?> <5ABC 8E CG@5645=8O. 2.3. 564C=0@>4=K9 >?KB 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8  !(, 5;8:>1@8B0=88, 5@<0=88, $@0=F88, B0;88, /?>=88 8 <=>38E 4@C38E AB@0=0E 4>AB0B>G=> E>@>H> ?>AB02;5=K CA;C38 ?> G0AB=>9 >E@0==>9 45OB5;L=>AB8. @8G8=K MB>3> 2> <=>3>< :@>NBAO 2 2>7<>6=>AB8 >1;53G8BL @0AE>4K 3>AC40@AB25==>3> 1N465B0 =0 A>45@60=85 ?>;8F88. 564C=0@>4=K9 >?KB 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 =0<8 1C45B @0AA<>B@5= =0 ?@8<5@5 70@C156=KE AB@0=, B0:8E :0: $@0=F8O 8 !(. 8@>20O ?@0:B8:0 ?@8<5=5=8O 8 @53C;8@>20=8O, (2 B>< G8A;5 ;8F5=78@>20=85) G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 !( =0G0;>AL 2 :>=F5 XIX 25:0. 48=KE D545@0;L=KE ?@028; =5 ACI5AB2C5B. 8F5=78@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 8F5=78O 2K405BAO >1KG=> <5AB=K< >@30=>< 2;0AB8 8 459AB2C5B B>;L:> =0 B5@@8B>@88 >4=>3> HB0B0. @020 G0AB=KE >E@0==KE >@30=870F89 '0AB=K5 >E@0==8:8 8<5NB ?@02> ?@>2>48BL 0@5ABK, => =5 >1KA:8 0@5AB>20==KE.  A;CG05, 5A;8 >E@0==8: 8<55B ?@02> =0 =>H5=85 >@C68O, >= 4>;65= 45;0BL MB> >B:@KB>. !0<0O AB0@0O >E@0==0O >@30=870F8O 2 !( O2;O5BAO - "8=:5@B>=", :>B>@0O 2 1999 3>4C AB0;0 ?>4@0745;5=85< :@C?=59H59 2 <8@5 >E@0==>9 :>@?>@0F88  H254A:>9 Securitas. > 40==K< >1J548=5=89 G0AB=KE >E@0==8:>2, 2 A8AB5<5 G0AB=KE >E@0==KE ?@54?@8OB89 @01>B05B >:>;> 2 <;=. G5;>25:. <5@8:0=A:85 ?@8=F8?K @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 @0A?@>AB@0=8;8AL ?> 2A5<C <8@C. A>15==>AB8, B5< =5 <5=55, ACI5AB2CNB. 0?@8<5@, 2 0=88 G0AB=K< AKI8:0<, >E@0==8:0< 8 B5;>E@0=8B5;O< 70?@5I5=> =>A8BL >3=5AB@5;L=>5 >@C685. N10O 2>>@C65==0O >E@0=0 2 AB@0=5 -?@5@>30B820 ?>;8F59A:8E AB@C:BC@. >E>685 >3@0=8G5=8O 459AB2CNB 2> $@0=F88, B0;88 8 (259F0@88 - 745AL ;8F5=78O =0 G0AB=CN 45B5:B82=CN 8 >E@0==CN 45OB5;L=>ABL =5 2:;NG05B 2 A51O ;8F5=78N =0 E@0=5=85 8 B5< 1>;55 =>H5=85 >3=5AB@5;L=>3> >@C68O.  :064>< A;CG05 70 B0:8< @07@5H5=85< =5>1E>48<> >1@0I0BLAO >A>1>. > <=>38E AB@0=0E A?5F80;L=KE 70:>=>2 > G0AB=>< AKA:5 8 >E@0==>9 45OB5;L=>AB8 =5 ACI5AB2C5B. 0?@8<5@, 2 -AB>=88 CA;C38 G0AB=KE 45B5:B82>2 >:07K20NBAO ?>4 284>< :>=AC;LB0F89 ?> ?@02>2K< 2>?@>A0<, 2 8B25 -8=D>@<0F8>==KE CA;C3.  !(, :0: 2 AB@0=5 A 1>;LH8< >?KB>< @01>BK B0:8E A;C61, ?@87=0NB G0AB=CN ?>;8F8N =5>BJ5<;5<>9 G0ABLN A8AB5<K >1I5AB25==>9 A8AB5<K 157>?0A=>AB8 8 ?@02>?>@O4:0. "0< G0AB=K5 8 3>AC40@AB25==K5 ?>;8F59A:85 A>B@C4=8G0NB <564C A>1>9.  !( >ACI5AB2;O5BAO :>>@48=0F8O 45OB5;L=>AB8 G0AB=KE !;C61 57>?0A=>AB8 8 ?>;8F88 2 A;54CNI8E D>@<0E: A>2<5AB=>5 ?@>2545=85 >B45;L=KE <5@>?@8OB89; >1<5= >?5@0B82=>9 8=D>@<0F859; A>2<5AB=>5 8A?>;L7>20=85 >?5@0B82=KE A8; 8 A@54AB2; ?>43>B>2:0 :04@>2. !?5FA;C61K !( ?5@540;8 G0AB=K< !;C610< 57>?0A=>AB8 7=0G8B5;L=>5 :>;8G5AB2> A?5FB5E=8:8 (B5;5D>==K5 45:>45@K, @048>?5@540NI85 AB0=F88, CAB0=>2:8 M;5:B@>==>3> :>=B@>;O 70 >1J5:B>< =01;N45=8O), 0 G0AB=K5 :><?0=88 ?@54>AB02;ONB 8< A2>N B5E=8:C 8 A>B@C4=8:>2, @0AH8@OO 2>7<>6=>AB8 ?>;8F88.  =0AB>OI55 2@5<O 2 !( >1AC6405BAO 2>?@>A > A>740=88 A?5F80;L=>3> >@30=0, 4;O :>>@48=0F88 @01>BK ?>;8F88 8 G0AB=KE 035=BAB2 !;C61 57>?0A=>AB8 ?> B8?C 564C=0@>4=>9 0AA>F80F88 ?@><KH;5==>9 157>?0A=>AB8 - . ;O A@02=5=8O 2 4@C38E 70@C156=KE AB@0=0E ?@8 A>740=88 A?5F80;L=>3> >@30=0, 4;O :>>@48=0F88 @01>BK ?>;8F88 8 G0AB=KE 035=BAB2 !;C61 57>?0A=>AB8. "0:, @C:>2>48B5;8 !;C61 57>?0A=>AB8 O?>=A:8E D8@< 8<5NB ;8=88 ?@O<>9 A2O78 A ?>;8F859. 064><C ?@54?@8OB8N ?@840= CG0AB:>2K9 ?>;8F59A:89, :>B>@K9 :>=B0:B8@C5B A !;C61 57>?0A=>AB8.  5;8:>1@8B0=88 45OB5;L=>ABL !;C61 57>?0A=>AB8 :>>@48=8@C5BAO A?5F80;L=K< >@30=>< - @8B0=A:>9 0AA>F80F859 ?> >15A?5G5=8N 157>?0A=>AB8 2 M:>=><8G5A:>9 AD5@5 (BSIA), 5653>4=K9 1N465B :>B>@>9 A>AB02;O5B 1 <;=. DC=B>2 AB5@;8=3>2.  /?>=88 8 =3;88 ?>;8F8O ?@54>AB02;O5B G0AB=K< D8@<0< =5 B>;L:> B5E=8G5A:85 A@54AB20, => 8 =0F8>=0;L=K9 :><?LNB5@.  2AB@88 ACI5AB2C5B ?@0:B8:0 8=D>@<8@>20=8O G0AB=KE 45B5:B82>2 > =>2KE B5=45=F8OE 8 <5B>40E 1>@L1K A ?@5ABC?=>ABLN  $ , (25F88, @5F88 ?>;8F8O >:07K205B ?><>IL 2 >1CG5=88 A>B@C4=8:>2 G0AB=KE AKA:=KE 1N@>. 4=0:> 8 2 MB8E AB@0=0E <=>385 2>?@>AK 2708<>459AB28O !;C61 57>?0A=>AB8 A ?>;8F859 5I5 =5 >B@01>B0=K.  ?>A;54=85 3>4K ?>O28;8AL B5=45=F88 : A>740=8N =0F8>=0;L=KE 8 <564C=0@>4=KE >1J548=5=89 !;C61 57>?0A=>AB8. "0: 0<5@8:0=F0<8 4;O A2>8E D8;80;>2 70 @C156>< A>740=> <5@8:0=A:>5 A>>1I5AB2> ?> ?@><KH;5==>9 157>?0A=>AB8 (!!).  !( >@30=87>20= >=AC;LB0B82=K9 A>25B ?> >15A?5G5=8N 157>?0A=>AB8 70 @C156><, :>B>@K9 >15A?5G8205B =5>1E>48<K9 8=D>@<0F8>==K9 >1<5= A ?><>ILN "M;5:B@>==>3> 1N;;5B5=O". -B8< 1N;;5B5=5< ?>;L7CNBAO 0<5@8:0=FK, @01>B0NI85 2 190 AB@0=0E.  70@C156=KE AB@0=0E =0:>?;5= 7=0G8B5;L=K9 >?KB ?>41>@0 8 ?>43>B>2:8 :04@>2 4;O =53>AC40@AB25==KE !;C61 57>?0A=>AB8.  !(, =0?@8<5@, DC=:F8>=8@CNB 14 :>;;54659 G0AB=>3> AKA:0, 254CI8E ?>43>B>2:C A?5F80;8AB>2-45B5:B82>2 A> AB5?5=LN 10:0;02@0, 0 5 :>;;54659 - A> AB5?5=LN <038AB@0 G0AB=>3> AKA:0. >;55 ?>4@>1=> @0AA<>B@8< ?@>1;5<K 3@0640=A:>-?@02>2>3> @53C;8@>20=8O >E@0==>9 45OB5;L=>AB8, =0 ?@8<5@5 70:>=>B2>@G5AB20 $@0=FC7A:>9 5A?C1;8:8. '0AB=0O >E@0==0O 45OB5;L=>ABL 2> $@0=FC7A:>9 5A?C1;8:5 @53;0<5=B8@C5BAO 0:>=>< !83-629 >B 128N;O 19833. " G0AB=>9 >E@0==>9 8 8=:0AA0B>@A:>9 45OB5;L=>AB8", 5:@5B0<8 >AC40@AB25==>3> A>25B0 (45?0@B0<5=B0 2=CB@5==8E 45;) !73-364 >B 12 <0@B0 19733., 2=>AOI8< 87<5=5=8O 2 5:@5B >B 180?@5;O 19393. 8 CAB0=02;820NI8< ?>@O4>: 8A?>;L7>20=8O 1>52KE A@54AB2, >@C68O 8 1>5?@8?0A>2, !79-618 >B 138N;O 19793. >1 >E@0==>9 45OB5;L=>AB8 ?@8 ?@>2545=88 8=:0AA0B>@A:8E >?5@0F89, A 87<5=5=8O<8, 2=5A5==K<8 5:@5B>< !82-339 >B 11 <0O 19823., !86-1058 >B 27 A5=BO1@O 19863. > @07@5H5=88 04<8=8AB@0B82=>3> >@30=0 8 > ?>@O4:5 =01>@0 ?5@A>=0;0 =0 ?@54?@8OB8O >E@0==>9 45OB5;L=>AB8, ?@54?@8OB8O 8=:0AA0B>@A:>9 45OB5;L=>AB8 8 ?@54?@8OB8O ?> >E@0=5 D878G5A:8E ;8F, !86-1099 >B 10>:BO1@O 19863. >1 8A?>;L7>20=88 <0B5@80;L=KE A@54AB2, 4>:C<5=B0F88, D>@<5==>9 >4564K 8 >B;8G8B5;L=KE 7=0:>2 C:070==KE ?@54?@8OB89, 8=K<8 0:B0<8 70:>=>40B5;LAB20 $@0=F88. @>0=0;878@C5< >A=>2=>9 70:>=>40B5;L=K9 0:B $@0=F88 2 AD5@5 >E@0==>9 45OB5;L=>AB8, 2:;NG0O 2KH5=0720==K9 70:>=>?@>5:B: 0:>= $@0=FC7A:>9 5A?C1;8:8 !83-629 >B 128N;O 19833., @54<5B ?@02>2>3> @53C;8@>20=8O $@0=FC7A:89 70:>= @53C;8@C5B ?@02>>B=>H5=8O 2 AD5@5 >E@0==>9, 8=:0AA0B>@A:>9 45OB5;L=>AB8, 0 B0:65 45OB5;L=>AB8 ?> >E@0=5 D878G5A:8E ;8F. @54<5B ?@02>2>3> @53C;8@>20=8O $@0=FC7A:>3> 70:>=0 >E20BK205B ?@02>>B=>H5=8O 2 AD5@5 >15A?5G5=8O 8<CI5AB25==>9 157>?0A=>AB8 2 F5;><, >B=>AO : =8< >B=>H5=8O ?> ?>2>4C >15A?5G5=8O 157>?0A=>AB8 B5E D878G5A:8E ;8F, :>B>@K5 A2O70=K A 157>?0A=>ABLN >E@0=O5<>3> 8<CI5AB20. @8 MB>< 2 =0720==K9 ?@54<5B @53C;8@>20=8O A>25@H5==> A0<>AB>OB5;L=> 2E>4OB >B=>H5=8O, 2>7=8:0NI85 ?@8 >E@0=5 D878G5A:8E ;8F. 0:>= =5 45B0;878@C5B ?5@5G=O >E@0==KE CA;C3 8 ?@O<> =5 >B=>A8B : =5<C 45OB5;L=>ABL <>=B06=KE >@30=870F89, CAB0=02;820NI8E 8 ?>445@6820NI8E 2 8A?@02=>< A>AB>O=88 B5E=8G5A:85 A@54AB20 8 A8AB5<K >E@0=K. B;8G8B5;L=K5 >A>15==>AB8 ?@8<5=O5<>9 2 70:>=0E B5@<8=>;>388  A>>B25BAB288 A G0ABLN 2B>@>9 AB0BL8 1. 0:>=0 $@0=FC7A:>9 5A?C1;8:8 !83-629 ;N1>5 ?@54?@8OB85, >ACI5AB2;ONI55 2 :0:>9-;81> D>@<5 45OB5;L=>ABL, :>B>@0O A>AB>8B 2 B><, GB>1K ?@54>AB02;OBL D878G5A:8< 8;8 N@848G5A:8< ;8F0<, A?>A>1>< ?>AB>O==K<, 8A:;NG8B5;L=K< 8;8 ?5@8>48G5A:8<, CA;C38 2 F5;OE >15A?5G5=8O 157>?0A=>AB8 42868<>3> 8;8 =542868<>3> 8<CI5AB20, 0 B0:65 2 F5;OE >15A?5G5=8O 157>?0A=>AB8 D878G5A:8E ;8F, A2O70==KE =5?>A@54AB25==> 8;8 :>A25==K< >1@07>< A 157>?0A=>ABLN C:070==>3> 8<CI5AB20, @0AA<0B@8205BAO :0: ?@54?@8OB85 >E@0==>9 45OB5;L=>AB8. ACI5AB2;5=85 :0:8<-;81> ?@54?@8OB85< >E@0=K D878G5A:8E ;8F =>A8B M:A:;N782=K9 E0@0:B5@ ?> >B=>H5=8N : 2KH5=0720==>9 45OB5;L=>AB8. A=>2=>9 >A>15==>ABLN 45OB5;L=>AB8 G0AB=KE >E@0==KE >@30=870F89 2> $@0=F88, >B;8G0NI59 55 >B E>7O9AB25==>9 45OB5;L=>AB8 8=KE N@848G5A:8E ;8F, O2;O5BAO ?@02> ?@8<5=OBL 4;O 70I8BK :;85=B>2 >B ?@>B82>?@02=KE ?>AO30B5;LAB2 >@C685, A?5F80;L=K5 A@54AB20, D878G5A:CN A8;C. 0==0O 45OB5;L=>ABL ?>4;568B ;8F5=78@>20=8N 8 =5 <>65B >ACI5AB2;OBLAO >@30=870F8O<8, =5 O2;ONI8<8AO >E@0==K<8.  > $@0=F88 DC=:F88 >E@0=K >1J5:B>2 =5 2>7;>65=K =0 ?>;8F8N, 0 >ACI5AB2;ONBAO =53>AC40@AB25==K<8 >E@0==K<8 >@30=870F8O<8 =0 4>3>2>@=>9 >A=>25. "0:8< >1@07>< =0 A>2@5<5==>< MB0?5 2 ?5@8>4 ?5@5E>40 @>AA89A:>3> 3>AC40@AB20 >B 04<8=8AB@0B82=> - @0A?>@O48B5;L=>3> @568<0 : =>2K<, @K=>G=K< >B=>H5=8O< 2 >1I5AB25==>-M:>=><8G5A:>9 687=8 8 @0728B8O 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=KE >E@0==KE CA;C3 ?>O28;8AL ?@54?>AK;:8 4;O @0AA<>B@5=8O 2>?@>A>2 > =5>1E>48<>AB8 8 045:20B=>AB8 8=AB8BCB>2 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88.  40==>9 3;025 ?@8 @0AA<>B@5=88 @0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8, =C6=> >1O70B5;L=> CG8BK20BL 70@C156=K9 >?KB, => ?@8 MB>< =5>1E>48<> 2 ?5@2CN >G5@54L >?8@0BLAO =0 >B5G5AB25==K5 2>7<>6=>AB8. 5;L7O 701K20BL, GB> MB> =0H - >AA89A:89 ?CBL. 7CG0O, >1>1I0O 8 8A?KBK20O >1I5<8@>2>9 >?KB =5;L7O 701K20BL >AA89A:89 <5=B0;8B5B 8 >H81:8, 4>?CI5==K5 ?@8 ?@>2545=88 A>F80;L=KE 8 M:>=><8G5A:8E @5D>@<. >AC40@AB2>, ?> =5>1E>48<>AB8, 4>;6=> G0AB8G=> 45;538@>20BL A2>N ?@02>>E@0=8B5;L=CN DC=:F8N =53>AC40@AB25==K< AB@C:BC@0<, 3>B>2K< 70=8<0BLAO ?@02>>E@0=8B5;L=>9 45OB5;L=>ABLN. !53>4=O 5ABL B>;L:> 420 >A=>2=KE ?CB8: 1. '0AB=CN >E@0==CN 45OB5;L=>ABL F5;8:>< 8 ?>;=>ABLN >B40BL  =0 >B:C? @07>1I5==K< G0AB=>?@54?@8=8<0B5;LA:8< AB@C:BC@0<, :0640O 87 :>B>@KE =0 >A=>25 A>1AB25==KE 0:B>2 ;>:0;L=>3> =>@<>B2>@G5AB20 1C45B @072820BL  ?@02>2K5 >A=>2K 40==>3> @>40 45OB5;L=>AB8, GB> C65 @50;L=> ?@>8AE>48B; 2. 25AB8 3>AC40@AB25==K9 :>=B@>;L, ?>72>;ONI89 =0 >A=>25 A?5F80;L=> @07@01>B0==>3>, 2K25@5==>3> 8 CB25@645==>3> D545@0;L=>3> 70:>=>40B5;LAB20 >ACI5AB2;OBL :>=B@>;L=>-=047>@=K5 DC=:F88 70 45OB5;L=>ABLN G0AB=KE 45B5:B82=KE 8 >E@0==KE AB@C:BC@ 2 <0AHB010E 3>AC40@AB20, A?>A>1AB2CO B5< A0<K< ?@8>1I5=8N 40==KE >@30=870F89 : 2K?>;=5=8N >1I53>AC40@AB25==>9 ?@02>>E@0=8B5;L=>9 <8AA88, CG8BK20O GB> G0AB=K5 45B5:B82=K5 8 >E@0==K5 AB@C:BC@K - =587156=0O 8 =5>1E>48<0O G0ABL ?@02>>E@0=8B5;L=>9 A8AB5<K ?@02>2>3> 3>AC40@AB20. ;020 III. 0?@02;5=8O A>25@H5=AB2>20=8O 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 3.1. A=>2=K5 <5B>4K A>25@H5=AB2>20=8O $545@0;L=>3> 70:>=0 " G0AB=>9 >E@0==>9 45OB5;L=>AB8" 0 A53>4=OH=89 45=L <>6=> 2K45;8BL A;54CNI85 <5B>4K A>25@H5=AB2>20=8O $545@0;L=>3> 70:>=0  45B5:B82=>9 8 G0AB=>9 >E@0==>9 45OB5;L=>AB8, : =8< >B=>AOB: ?@545;5=85 ?>=OB8O <>=8B>@8=30 C3@>7 157>?0A=>AB8 D878G5A:8E 8 N@848G5A:8E ;8F. @54;>65==>5 >?@545;5=85 ?>=OB8O <>=8B>@8=30 C3@>7 157>?0A=>AB8 D878G5A:8E 8 N@848G5A:8E ;8F 2 A;CG05 53> =>@<0B82=>3> 70:@5?;5=8O 1C45B =5 B>;L:> >B@060BL D0:B8G5A:8 A;>682HCNAO ?>B@51=>ABL 2 1>;55 MDD5:B82=>< >15A?5G5=88 0=B8:@8<8=>35==>9 45OB5;L=>AB8 G0AB=KE >E@0==KE ?@54?@8OB89, => 8 A?>A>1AB2>20BL 70:@5?;5=8N C65 D0:B8G5A:8 A;>682H8EAO @50;89 2 MB>9 AD5@5. >;LH>5 7=0G5=85, ?> <>5<C <=5=8N, 8<55B B0:65 G5B:>5 @073@0=8G5=85 ?>=OB89 "157>?0A=>ABL :;85=B0 G0AB=>3> >E@0==>3> ?@54?@8OB8O" 8 "157>?0A=>ABL >1J5:B0, =0E>4OI53>AO 2 A>1AB25==>AB8 8;8 8=>< 70:>==>< 2;045=88 :;85=B0", :>B>@>5, : A>60;5=8N, >BACBAB2C5B 2 459AB2CNI5< 0:>=5 >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8". 0AA<>B@5=85 ?@02>2>3> 0A?5:B0 0=B8:@8<8=>35==>9 45OB5;L=>AB8 8 >F5=:0 ?>:070B5;59 55 MDD5:B82=>AB8. >@<0B82=>5 >?@545;5=85 ?>=OB8O 0=B8:@8<8=>35==>9 45OB5;L=>AB8 O2=> ?>2KA8B MDD5:B82=>ABL ?@02>>E@0=8B5;L=>9 45OB5;L=>AB8 :><<5@G5A:>3> A5:B>@0 2 MB>9 >1;0AB8. "0:>5 ?>=OB85, ?> <>5<C <=5=8N, 4>;6=> >7=0G0BL 284 ?@54C?@5645=8O ?@02>=0@CH5=89, 2:;NG0NI89 A>2>:C?=>ABL <5@, =0?@02;5==KE =0 CAB@0=5=85, >A;01;5=85, A=865=85 25@>OB=>AB8 ?@>O2;5=8O, :><?5=A0F8N 2@54=>3> 2;8O=8O ?@8 =52>7<>6=>AB8 CAB@0=5=8O (=59B@0;870F8N) O2;5=89, ?>@>640NI8E, A?>A>1AB2CNI8E @0A?@>AB@0=5=8N 8;8 ?>2KH5=8N >1I5AB25==>9 >?0A=>AB8 45O=89, C3@>60NI8E 157>?0A=>AB8 :;85=B>2 G0AB=KE >E@0==KE ?@54?@8OB89 ;81> 157>?0A=>AB8 >1J5:B>2, =0E>4OI8EAO 2 A>1AB25==>AB8 8;8 8=>< 70:>==>< 2;045=88 A>>B25BAB2CNI8E :;85=B>2. -DD5:B82=>ABL 0=B8:@8<8=>35==>9 45OB5;L=>AB8 G0AB=>3> >E@0==>3> ?@54?@8OB8O <>65B @0AA<0B@820BLAO 2 :0G5AB25 >A=>2=>3> DC=:F8>=0;L=>3> A2>9AB20 B0:>9 45OB5;L=>AB8. F5=:0 55 MDD5:B82=>AB8 A>AB02;O5B =0ACI=CN ?@8:;04=CN 7040GC, E>BO 40;5:> =5 2A5 M;5<5=BK @5H5=8O MB>9 7040G8 8<5NB 4>AB0B>G=>5 B5>@5B8G5A:>5 >1>A=>20=85.  :0G5AB25 ?@O<>3> ?>:070B5;O MDD5:B82=>AB8 0=B8:@8<8=>35==>9 45OB5;L=>AB8 G0AB=KE 45B5:B82=KE 8 >E@0==KE ?@54?@8OB89, ?> =0H5<C <=5=8N <>65B 1KBL A>>B=>H5=85 G8A;0 A>25@H5==KE 2 >B=>H5=88 :;85=B>2 ?@5ABC?=KE ?>AO30B5;LAB2 8 ?>:070B5;59 70I8I5==>AB8 :;85=B>2 >B :@8<8=0;L=KE C3@>7, 30@0=B8@>20==KE 4>3>2>@0<8. "0:8< ?>:070B5;5< <>65B A;C68BL 8 A>>B=>H5=85 G8A;0 @50;87>20==KE 8 =5@50;87>20==KE C3@>7 ?@5ABC?=KE ?>AO30B5;LAB2 =0 ?@020 8 70:>==K5 8=B5@5AK :;85=B>2. '8A;> :>A25==KE ?>:070B5;59 MDD5:B82=>AB8 0=B8:@8<8=>35==>9 45OB5;L=>AB8 <>65B 1KBL 4>AB0B>G=> 1>;LH8< 8 2:;NG0BL, =0?@8<5@: 0) A>>B=>H5=8O @50;87>20==KE 8 =5@50;87>20==KE C3@>7 ?@5ABC?=KE ?>AO30B5;LAB2 =0 ?@020 8 70:>==K5 8=B5@5AK :;85=B>2; 1) B5<?K 8 =0?@02;5==>ABL 87<5=5=89 2 A>>B=>H5=88 G8A5; @50;87>20==KE 8 =5@50;87>20==KE C3@>7 ?@5ABC?=KE ?>AO30B5;LAB2 =0 ?@020 8 70:>==K5 8=B5@5AK :;85=B>2; 2) 4;8B5;L=>AB8 ?5@8>40, 2 B5G5=85 :>B>@>3> =5 ?@54?@8=8<0;8AL ?>?KB:8 @50;870F88 :@8<8=0;L=KE C3@>7; 3) A>>B=>H5=8O 70B@0B =0 >ACI5AB2;5=85 0=B8:@8<8=>35==KE <5@ 8 @07<5@0 ?@54>B2@0I5==>3> 2 @57C;LB0B5 8E ?@8<5=5=8O 2@540. F5=:0 >A=>2=KE <5@ ?> ?@54C?@5645=8N ?@5ABC?;5=89, @07@01>B:0 =>2KE <5@ ?> @5H5=8N 40==>9 ?@>1;5<K.  ?@>F5AA5 @07@01>B:8 8 >1AC645=8O ?@>5:B0 =>@<0B82=>3> 0:B0 >1 >A=>20E ?@>D8;0:B8:8 ?@02>=0@CH5=89 2 >AA89A:>9 $545@0F88 2 ?>A;54=5< 45AOB8;5B88 XX 2. ?@5>1;040; >3@0=8G8B5;L=K9 ?>4E>4, >A=>20==K9 =0 ?>AK;:0E > =52>7<>6=>AB8 8;8 =5F5;5A>>1@07=>AB8 (87-70 @5AC@A=>3> "3>;>40") >1J548=5=8O 2 >4=>< 4>:C<5=B5 ACI5AB25==> @07;8G0NI8EAO ?> ?@02>2K< >A=>20=8O< <5@ ?@>D8;0:B8:8 2A5E 284>2 ?@02>=0@CH5=8911.  ?@>5:B A=>2 ?@54C?@5645=8O ?@02>=0@CH5=89 =0<8 ?@54;0305BAO 2:;NG8BL A;54CNI55 >?@545;5=85 ?>=OB8O ?@54C?@5645=8O ?@02>=0@CH5=89: "@54C?@5645=85 ?@02>=0@CH5=89 - MB> 45OB5;L=>ABL AC1J5:B>2 1>@L1K A ?@02>=0@CH5=8O<8, 2 B>< G8A;5, A ?@5ABC?;5=8O<8, =0?@02;5==0O =0 2KO2;5=85, 0=0;87, >F5=:C, >3@0=8G5=85, CAB@0=5=85 ;81> =59B@0;870F8N 45;8:B>35==KE D0:B>@>2, 0 B0:65 @57C;LB0BK B0:>9 45OB5;L=>AB8". 0==>5 >?@545;5=85 CG8BK205B <=>3>3@0==CN ?@8@>4C ?@>D8;0:B8:8 ?@02>=0@CH5=89, >1J548=OO @07;8G=K5 273;O4K 8 ?>4E>4K : ?>=8<0=8N ACI=>AB8, A>45@60=8O 8 D>@< 40==>3> M;5<5=B0 1>@L1K A ?@5ABC?=>ABLN12. 4=>2@5<5==> ?@54;0305<>5 >?@545;5=85 A>7405B =5>1E>48<K5 ?@54?>AK;:8 4;O @07@01>B:8 A8AB5<K <5@ 8 :@8B5@852 MDD5:B82=>AB8 0=B8:@8<8=>35==>9 45OB5;L=>AB8. !;54CNI8< >?@545;5=85<, :>B>@>5, ?> =0H5<C <=5=8N, 4>;6=> 1KBL 70:@5?;5=> 2 A=>20E ?@54C?@5645=8O ?@02>=0@CH5=89, O2;O5BAO ?>=OB85 AC1J5:B0 ?@54C?@5645=8O ?@02>=0@CH5=89: "!C1J5:BK ?@54C?@5645=8O ?@02>=0@CH5=89 - 3>AC40@AB25==K5 8 <C=8F8?0;L=K5 >@30=K, 8E CG@5645=8O, :><<5@G5A:85 >@30=870F88 =57028A8<> >B 8E >@30=870F8>==>-?@02>2>9 D>@<K 8 D>@<K A>1AB25==>AB8, =5:><<5@G5A:85 >@30=870F88, =5 O2;ONI85AO 3>AC40@AB25==K<8 8 <C=8F8?0;L=K<8 >@30=0<8 8;8 8E CG@5645=8O<8, 0 B0:65 3@0640=5, >ACI5AB2;ONI85 <5@K, =0?@02;5==K5 =0 2KO2;5=85, 0=0;87, >F5=:C, >3@0=8G5=85, CAB@0=5=85 ;81> =59B@0;870F8N  HYPERLINK "http://daily.sec.ru/dailypopupimg.cfm?uid=16763" \t "_blank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p0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" >B 11 <0@B0 1992 3.( A 87<5=5=8O<8 >B 2003 3>40), @53C;8@CNI8E 2>?@>AK G0AB=>9 >E@0==>9 45OB5;L=>AB8, :0G5AB25==>9 8E @50;870F88 AC1J5:B0<8 G0AB=>9 8 >E@0==>9 45OB5;L=>AB8, MDD5:B82=>AB8 :>=B@>;O 70 40==K< 284>< 45OB5;L=>AB8 8 ;8F0<8, 55 >ACI5AB2;ONI8<8, A> AB>@>=K ?@>:C@>@A:8E 8 8=KE C?>;=><>G5==KE =0 B> 70:>=>40B5;L=> ?@02>>E@0=8B5;L=KE >@30=>2, 0 B0:65 >B A?;0=8@>20==>3> 8 >B@01>B0==>3> 2708<>459AB28O G0AB=KE >E@0==KE AB@C:BC@ A ?@02>>E@0=8B5;L=K<8 >@30=0<8 2 >1;0AB8 ?@>D8;0:B8:8 8 ?@>B82>459AB28O ?@5ABC?=>AB8. 2. 5OB5;L=>ABL G0AB=KE >E@0==KE ?@54?@8OB89 (>1J548=5=89), A;C61 157>?0A=>AB8 ?@54?@8OB89, CG@5645=89, >@30=870F89, G0AB=KE >E@0==8:>2 2 >1O70B5;L=>< ?>@O4:5 4>;6=0 2:;NG0BL 2 A51O <5@>?@8OB8O ?> ?@54>B2@0I5=8N 8 ?@5A5G5=8N ?@5ABC?;5=89 8 04<8=8AB@0B82=KE ?@02>=0@CH5=89, 2KO2;5=8N ?@8G8= 8 CA;>289, A?>A>1AB2CNI8E 8E A>25@H5=8N, ?@8=OB8N <5@ : CAB@0=5=8N 40==KE >1AB>OB5;LAB2, 2>7459AB28N =0 ;8F A CAB>9G82K< ?@>B82>?@02=K< ?>2545=85< A F5;LN =54>?CI5=8O A 8E AB>@>=K ?@>B82>?@02=KE 45O=89 2 >B=>H5=88 :>=:@5B=>9 G0AB=>9 45B5:B82=>9 8 (8;8) >E@0==>9 AB@C:BC@K 8 55 :;85=B>2, ?@8 MB><, ?@>D8;0:B8G5A:0O 45OB5;L=>ABL G0AB=KE >E@0==KE AB@C:BC@ 4>;6=0 >ACI5AB2;OBLAO 8A:;NG8B5;L=> 2 ?@545;0E :><?5B5=F88 C:070==KE AB@C:BC@, :0: A?5F8D8G5A:8E AC1J5:B>2 3@0640=A:>-?@02>2KE >B=>H5=89 8 >A=>2K20BLAO =0 ?@8=F8?0E, AB@>3> @53;0<5=B8@>20==KE 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88. 3. -DD5:B82=>ABL 45OB5;L=>AB8 G0AB=KE >E@0==KE AB@C:BC@ 8, =5?>A@54AB25==>, G0AB=KE >E@0==8:>2, 7028A8B, 2 B>< G8A;5, >B CA;>289, ?>2KH0NI8E 8E ?@02>2>9 AB0BCA 8<5==> :0: =53>AC40@AB25==KE ?@02>>E@0=8B5;L=KE >@30=870F89, A>2<5AB=> A 3>AC40@AB25==K<8 ?@02>>E@0=8B5;L=K<8 AB@C:BC@0<8 8 8E A>B@C4=8:0<8 @5H0NI8E 206=CN >1I53>AC40@AB25==CN 7040GC ?@>D8;0:B8:8 8 ?@>B82>459AB28O ?@5ABC?=>AB8 2 40==>9 >1;0AB8. 4. 0:>==>ABL 45OB5;L=>AB8 G0AB=KE >E@0==KE AB@C:BC@ 4>;6=0 1KBL >A=>20=0, 2 ?5@2CN >G5@54L, =0 :>=B@>;5 70 40==K< 284>< 45OB5;L=>AB8, >ACI5AB2;O5<K< ?@>:C@>@A:8<8 8 8=K<8, 70:>=>40B5;L=> C?>;=><>G5==K<8 =0 B> 3>AC40@AB2>< ?@02>>E@0=8B5;L=K<8 >@30=0<8.  ?@>F5AA5 87CG5=8O 70:>=>40B5;LAB20 >AA88, @53;0<5=B8@CNI53> G0AB=CN >E@0==CN 45OB5;L=>ABL, 1K;8 2KO2;5=K ?@>15;K 8 =5A>>B25BAB28O 0:>=0 >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" 4@C38< 459AB2CNI8< 70:>=0<. 0;L=59H0O @07@01>B:0 ?@>1;5<K ?@54?>;0305B 87CG5=85 A?5F8D8:8 @0728B8O ?@>F5AA>2 2708<>459AB28O G0AB=KE >E@0==KE AB@C:BC@ A ?@02>>E@0=8B5;L=K<8 >@30=0<8 2 >1;0AB8 3@0640=A:>-?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 8 ?@>D8;0:B8:8, ?@>B82>459AB28O ?@5ABC?=>AB8 :0: 2 <0AHB015 >AA89A:>9 $545@0F88, B0: 8 2 <0AHB015 AB@0= 1;86=53> 70@C156LO, 2KG;5=5=85 >A=>2=KE =0?@02;5=89 @0728B8O C:070==>3> 2708<>459AB28O, 8E 48=0<8:8, 87CG5=85 2708<>A2O759 8 2708<>7028A8<>AB59 <564C =8<8 2 45;5 C:@5?;5=8O 70:>==>AB8 8 ?@02>?>@O4:0 2 M?>EC ?>AB@>5=8O ?@02>2>3> 3>AC40@AB20. !?8A>: ;8B5@0BC@K I. >@<0B82=>-?@02>2K5 0:BK >=AB8BCF88 >AA89A:>9 $545@0F88 , 740B5;LAB2> @8>@, 20043- 32A. #3>;>2=K9 :>45:A >AA89A:>9 $545@0F88 AB. 140, 740B5;LAB2> @8>@, 20033. #3>;>2=>-?@>F5AAC0;L=K9 :>45:A >AA89A:>9 $545@0F88 A ?@8;>65=8O<8 (2 ?>A;54=59 @540:F88 >B 30 8N;O 2002 3.) !5@8O: ".@8AB, 20023. @0640=A:89 :>45:A >AA89A:>9 $545@0F88. '0AB8 1-3.-.:" 5;18, 74-2> @>A?5:B, 2004.- 448A. $545@0;L=K9 0:>= >B 08.08.20013.!128-$  ;8F5=78@>20=88 >B45;L=KE 284>2 45OB5;L=>AB8; $545@0;L=K9 70:>= >B 13.12.96 ! 150-$  1 >@C688 (?>A;54=59. @54. >B 10 O=20@O 20033>40.); 0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 (A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40); 0:>= >AA89A:>9 $545@0F88 >B 18.04.91 ! 1026-1   <8;8F88 (?>A;54=59. @54. >B 6 45:01@O 19993>40.); >AB0=>2;5=85 @028B5;LAB20 >AA89A:>9 $545@0F88 !1013 "1 CB25@645=88 ?5@5G=O B>20@>2, ?>4;560I8E >1O70B5;L=>9 A5@B8D8:0F88, 8 ?5@5G=O @01>B 8 CA;C3, ?>4;560I8E >1O70B5;L=>9 A5@B8D8:0F88" >B 13 023CAB0 1997 3. >AB0=>2;5=85 @028B5;LAB20 >AA89A:>9 $545@0F88 >B 11.02.20023. ! 135  ;8F5=78@>20=88 >B45;L=KE 284>2 45OB5;L=>AB8; >AB0=>2;5=85 @028B5;LAB20 >AA89A:>9 $545@0F88 >B 14.08.92 ! 587  >?@>AK G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 (?>A;54=59. @54. >B 268N;O 20003>40.) (MB8< ?>AB0=>2;5=85< CB25@645=K: ?5@5G5=L >1J5:B>2, ?>4;560I8E 3>AC40@AB25==>9 >E@0=5; ?5@5G5=L 284>2 A?5F80;L=KE A@54AB2, 8A?>;L7C5<KE 2 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8; ?5@5G5=L 284>2 2>>@C65=8O >E@0==8:>2; ?@028;0 ?@8<5=5=8O G0AB=K<8 45B5:B820<8 8 >E@0==8:0<8 A?5F80;L=KE A@54AB2); >AB0=>2;5=85 5@E>2=>3> !>25B0 >AA89A:>9 $545@0F88 >B 11.03.19923 !2488-1  ?>@O4:5 22545=8O 2 459AB285 70:>=0 >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88; @8:07  >AA89A:>9 $545@0F88 >B 02.12.92 ! 442   =5:>B>@KE <5@0E ?> >15A?5G5=8N 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 70:>=>40B5;LAB20 > G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 (@54. >B 5 <0@B0 19943>40.); @8:07  >AA89A:>9 $545@0F88 >B 25.07.94 ! 356   40;L=59H8E <5@0E ?> >15A?5G5=8N 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88 >1 >@C688 (MB8< ?@8:07>< CB25@645=0 =AB@C:F8O > ?>@O4:5 CG5B0, E@0=5=8O 8 >D>@<;5=8O ;8F5=789 =0 ?@02> ?@>4068 8 ?@8>1@5B5=8O A;C651=>3> 8 3@0640=A:>3> >@C68O 8 53> 22>70 =0 B5@@8B>@8N >AA89A:>9 $545@0F88 8 2K2>70 87 >AA89A:>9 $545@0F88, 0 B0:65 8A?>;L7>20=8O 45=56=KE A@54AB2, ?>ABC?0NI8E 70 2K40GC ;8F5=789); @8:07  >AA89A:>9 $545@0F88 >B 22.08.92 ! 292  1 >@30=870F88 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 (@54. >B 14=>O1@O 19943>40.) (MB8< ?@8:07>< CB25@645=0 =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O 8 >ACI5AB2;5=8O >@30=0<8 2=CB@5==8E 45; :>=B@>;O 70 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN); @8:07  >AA89A:>9 $545@0F88 >B 12.04.99 ! 288   <5@0E ?> @50;870F88 ?>AB0=>2;5=8O @028B5;LAB20 >AA89A:>9 $545@0F88 >B 21 8N;O 1998 3>40 ! 814 (MB8< ?@8:07>< CB25@645=0 =AB@C:F8O ?> >@30=870F88 @01>BK >@30=>2 2=CB@5==8E 45; ?> :>=B@>;N 70 >1>@>B>< 3@0640=A:>3> 8 A;C651=>3> >@C68O 8 ?0B@>=>2 : =5<C =0 B5@@8B>@88 >AA89A:>9 $545@0F88); =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O 8 >ACI5AB2;5=8O >@30=0<8 2=CB@5==8E 45; :>=B@>;O 70 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN, CB25@645==0O @8:07><  $ >B 22.08.92 ! 292  1 >@30=870F88 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 (@54. >B 14.11.94); =AB@C:F8O >1 CAB0=>2;5=88 @07<5@0 >?;0BK 8 ?>@O4:0 8A?>;L7>20=8O A@54AB2, ?>;CG05<KE 70 2@5<5==>5 ?>;L7>20=85 >3=5AB@5;L=K< >@C685<, 1>5?@8?0A0<8 : =5<C 8 A?5F80;L=K<8 A@54AB20<8, 0 B0:65 70 2K?>;=5=85 8=KE CA;C3, A2O70==KE A >15A?5G5=85< 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 >B 02.12.92 ! 442; !1>@=8: =>@<0B82=KE 0:B>2: '0AB=0O 45B5:B82=0O 8 >E@0==0O 45OB5;L=>ABL .: 740B5;LAB2>   , 2004.-145A; 0@HC=>2 .. ><<5=B0@89 : 70:>=0<  1 >@C688 ,   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 (=0CG=>-?@0:B8G5A:85 @5:><5=40F88).- .: 740B5;LAB2> 5@40,20023.  286A; 0: .. 0:>= > G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 (=0CG=>-?@0:B8G5A:89 :><<5=B0@89).  .: .@8AB, 20023. 43A. II.#G51=K5 ?>A>18O 20=>2 !.. 5=546<5=B 2 A8AB5<5 =53>AC40@AB25==KE ?@02>>E@0=8B5;L=KE >@30=870F89. #G51=>5 ?>A>185 - .: "740B5;LAB2> =AB8BCB0 M:>=><8:8 8 ?@020", 20013., 328 A. @8<8=>;>38O. 1I0O G0ABL / >4 @54. .. @5E>20. !1., 1999; >?@>AK :@8<8=>;>388 8 1>@L1K A ?@5ABC?=>ABLN // #:@5?;5=85 70:>==>AB8 8 1>@L1K A ?@5ABC?=>ABLN 2 CA;>28OE D>@<8@>20=8O ?@02>2>3> 3>AC40@AB20. ., 2002. !. 3-62. $54>B:8= !.. A=>2K >E@0==>9 45OB5;L=>AB8.@0:B8G5A:>5 ?>A>185 4;O A>B@C4=8:>2 =53>AC40@AB25==KE >E@0==KE >@30=870F89.  740B5;LAB2> & !<8B, .: 20023.- 248A. (C<8;>2 ... @0:B8G5A:>5 ?>A>185 '0AB=>5 45B5:B82=>5 8 E@0==>5 @02>, 740B5;LAB2> >@<0, 19993, 48A. 5=546<5=B 2 A8AB5<5 =53>AC40@AB25==KE ?@02>>E@0=8B5;L=KE >@30=870F89 (5:>A5?@>;>38O). @0:B8G5A:>5 ?>A>185 2 2>?@>A0E 8 >B25B0E. - .: "740B5;LAB2> =AB8BCB0 M:>=><8:8 8 ?@020", 20023., 136 A. III. 5@8>48G5A:0O ?5G0BL  ?@8=F8?0E ?@8>@8B5B0 <5@ ?@54C?@5645=8O ?@5ABC?;5=89 ?5@54 <5@0<8 >B25BAB25==>AB8 70 =8E, ?@8>@8B5B0 =@02AB25==KE =0G0; 1>@L1K A ?@5ABC?=>ABLN ?5@54 M:>=><8G5A:>9 F5;5A>>1@07=>ABLN, ?0@B=5@AB20 3>AC40@AB25==KE 8 =53>AC40@AB25==KE AC1J5:B>2 ?@02>>E@0=8B5;L=>9 45OB5;L=>AB8 A<., =0?@8<5@: >45;L @538>=0;L=>9 ?@>3@0<<K 1>@L1K A ?@5ABC?=>ABLN / >4 @54. ;5:A5520. .. !. 42. 0A?0@O= @<5= !B0BLO  <K  AD5@0 CA;C3& :0: E8<G8AB:0 , 8B5@0BC@=0O 3075B0, 20033.,M;5:B@>==0O 25@A8O AB0BL8 http://www.lgz.ru/archives/html_arch/lg402003/Polosy/art4_1.htm 5=5@0;>2 ;048<8@, >@C;52 !5@359 !B0BLO "!@02=8B5;L=K9 0=0;87 ?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 2> $@0=FC7A:>9 @5A?C1;8:5, >AA89A:>9 D545@0F88 8 @5A?C1;8:5 5;0@CAL 5;>@CAA:89 6C@=0; "<564C=0@>4=>3> ?@020 8 <564C=0@>4=KE >B=>H5=89"! 3, 2002 8=L:>2A:89 .. @02>20O ?>;8B8:0 2 AD5@5 1>@L1K A ?@5ABC?=>ABLN 8 ?@>1;5<K 70:>=>40B5;L=>3> @53C;8@>20=8O MB>9 1>@L1K // @>1;5<K D>@<8@>20=8O C3>;>2=>9 ?>;8B8:8 >AA89A:>9 $545@0F88 8 55 @50;870F88 >@30=0<8 2=CB@5==8E 45;. "@C4K :045<88  >AA89A:>9 $545@0F88. ., 2000. !. 28. 2G8==8:>2 !. -;5:B@>==0O 25@A8O AB0BL8: "@>1;5<K 70I8BK 187=5A0 2 >AA88 2 A>2@5<5==KE CA;>28OE", 20033. http://sartraccc.sgap.ru/Pub/ovchinikov(24-03).htm !>;=KH:>20 .. !B0BLO "!?5F80;L=0O ?@02>A?>A>1=>ABL AC1J5:B>2 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8", "C@=0; @>AA89A:>3> ?@020", 2001, N 5,12-38A $>;C1>2 .. '0AB=0O >E@0=0 8  >AA88: 0A?5:BK 2708<>459AB28O  .: 80@8CA, 2001 A. 4 -5 5H5=85 !>25B0 ;02 3>AC40@AB2 ! " <563>AC40@AB25==>9 ?@>3@0<<5 A>2<5AB=KE <5@ 1>@L1K A ?@5ABC?=>ABLN =0 ?5@8>4 A 2000 4> 2003 3>40" // !>4@C65AB2>: =D>@<0F8>==K9 25AB=8: !>25B0 ;02 3>AC40@AB2 8 !>25B0 ;02 ?@028B5;LAB2 !. N 1 (34). !.62-78. !B0BLO =0;87 A>2@5<5==>3> A>AB>O=8O 8 ?@>3=>7 @0728B8O @K=:0 >E@0==KE CA;C3 2 >AA88, 8=D>@<0F8>==K9 8AB>G=8: A >D8F80;L=>3> A09B0  >AA89A:>9 $545@0F88 @5AC@A  HYPERLINK "http://www.mvdinform.ru/index.php?docid=740" http://www.mvdinform.ru/index.php?docid=740 !B0BLO #18BL 8 >1KA:0BL, C@=0; ><<5@A0=BJ-;0ABL, >A:20, @0745; ><<5=B0@88 : 70:>=C  HYPERLINK "http://nbgaural.web.ur.ru/page_14.htm" http://nbgaural.web.ur.ru/page_14.htm !B0BLO "564C=0@>4=K9 ?@02>2>9 >?KB >15A?5G5=8O 157>?0A=>AB8 =53>AC40@AB25==KE >1J5:B>2 M:>=><8:8" "><<5@A0=B" - :><<5=B0@88 : 70:>=C  HYPERLINK "http://www.tsure.ru/University/Faculties/Fib/bit/sections/teach/abstracts/books/prot_in_ec/teor5.htm" http://www.tsure.ru/University/Faculties/Fib/bit/sections/teach/abstracts/books/prot_in_ec/teor5.htm =D>@<0F8O > 3@0640=A:>-?@02>2>< @53C;8@>20=88 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2> $@0=F88 http://www.legifrance.gouv.fr/  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 11I85 ?>;>65=8O, AB0BLO 1. '0AB=0O 45B5:B82=0O 8 >E@0==0O 45OB5;L=>ABL.   2=5A5=88 87<5=5=89 8 4>?>;=5=89 2 0:>= >AA89A:>9 $545@0F88 " G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88" !B0BLO 3. A=>2=K5 7040G8 >E@0==>9 8 AKA:=>9 45OB5;L=>AB8.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 1. 1I85 ?>;>65=8O, AB0BLO 384K G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 .  0: .. 0:>= > G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 (=0CG=>-?@0:B8G5A:89 :><<5=B0@89).  .: .@8AB, 20023. 43A.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 3. '0AB=0O >E@0==0O 45OB5;L=>ABL, AB.12 >?>;=8B5;L=K5 CA;>28O 2K40G8 ;8F5=788.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 1. 1I85 ?>;>65=8O, AB0BLO 3 84K G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 .  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 1. 1I85 ?>;>65=8O, AB0BLO 3 84K G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8. 0745; 3. '0AB=0O >E@0==0O 45OB5;L=>ABL, AB.11 :070=85 CA;C3 2 AD5@5 >E@0=K.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 4. !<5H0==K5 D>@<K 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8, AB.14 E@0==>-AKA:=K5 ?>4@0745;5=8O =0 ?@54?@8OB8OE.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 3. '0AB=0O >E@0==0O 45OB5;L=>ABL, AB.12 >?>;=8B5;L=K5 CA;>28O 2K40G8 ;8F5=788.  @0640=A:89 :>45:A >AA89A:>9 $545@0F88. '0AB8 1-3.-.:" 5;18, 74-2> @>A?5:B, 20043, ?.1 AB.49 @02>A?>A>1=>ABL N@848G5A:>3> ;8F0.  >=AB8BCF88 >AA89A:>9 $545@0F88 , 740B5;LAB2> @8>@, 20043, G.3 @020 8 A2>1>4K G5;>25:0 8 3@0640=8=0, AB.55  @0640=A:89 :>45:A >AA89A:>9 $545@0F88. '0AB8 1-3.-.:" 5;18, 74-2> @>A?5:B, 20043, ?.2 AB.1A=>2=K5 =0G0;0 3@0640=A:>3> ?@020.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), ;020 1.1I85 ?>;>65=8O, AB0BLO 1 A=>2=K5 ?>=OB8O.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), ;020 2.E@0==0O 45OB5;L=>ABL, AB0BLO 11 3@0=8G5=8O ?@8 >ACI5AB2;5=88 >E@0==>9 45OB5;L=>AB8.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), ;020 1.1I85 ?>;>65=8O, AB0BLO 3. A=>2=K5 7040G8 >E@0==>9 8 AKA:=>9 45OB5;L=>AB8.  @0640=A:89 :>45:A >AA89A:>9 $545@0F88. ..:" 5;18, 74-2> @>A?5:B, 2004.- '0ABL1.AB0BLO 173 5459AB28B5;L=>ABL A45;:8 N@848G5A:>3> ;8F0, 2KE>4OI59 70 ?@545;K 53> ?@02>A?>A>1=>AB8  @0640=A:89 :>45:A >AA89A:>9 $545@0F88. ..:" 5;18, 74-2> @>A?5:B, 2004, ?.18 4, AB0BL59 54 08<5=>20=85 8 <5AB> =0E>645=8O N@848G5A:>3> ;8F0.  @0640=A:89 :>45:A >AA89A:>9 $545@0F88. ..:" 5;18, 74-2> @>A?5:B, 2004, ?.1, AB0BL59 54 08<5=>20=85 8 <5AB> =0E>645=8O N@848G5A:>3> ;8F0.  @0640=A:89 :>45:A >AA89A:>9 $545@0F88. ..:" 5;18, 74-2> @>A?5:B, 2004, ;020 9, ?.2. AB0BL59 168 5459AB28B5;L=>ABL A45;:8, =5 A>>B25BAB2CNI59 70:>=C 8;8 8=K< ?@02>2K< 0:B0<.  !>;=KH:>20 .. !B0BLO "!?5F80;L=0O ?@02>A?>A>1=>ABL AC1J5:B>2 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8", "C@=0; @>AA89A:>3> ?@020", 2001, N 5,12-38A.  2G8==8:>2 !. -;5:B@>==0O 25@A8O AB0BL8: "@>1;5<K 70I8BK 187=5A0 2 >AA88 2 A>2@5<5==KE CA;>28OE", 20033.http://sartraccc.sgap.ru/Pub/ovchinikov(24-03).htm  0@HC=>2 .. ><<5=B0@89 : 70:>=0<  1 >@C688 ,   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 (=0CG=>-?@0:B8G5A:85 @5:><5=40F88).- .: 740B5;LAB2> 5@40,20023.  30-35A.  0OF:89 . @C685 4;O 45B5:B82>2 8 >E@0==8:>2 // 0:>=. 2003. ! 1, A.12-28.  !B0BLO =0;87 A>2@5<5==>3> A>AB>O=8O 8 ?@>3=>7 @0728B8O @K=:0 >E@0==KE CA;C3 2 >AA88, 8=D>@<0F8>==K9 8AB>G=8: A >D8F80;L=>3> A09B0  $ @5AC@A http://www.mvdinform.ru/index.php?docid=740  !1>@=8: =>@<0B82=KE 0:B>2: '0AB=0O 45B5:B82=0O 8 >E@0==0O 45OB5;L=>ABL .: 740B5;LAB2>   , 2004.-3-50 A.  !1>@=8: =>@<0B82=KE 0:B>2: '0AB=0O 45B5:B82=0O 8 >E@0==0O 45OB5;L=>ABL .: 740B5;LAB2>   , 2004.-51-103 A.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 3., AB. 11  =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O - =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O 8 >ACI5AB2;5=8O >@30=0<8 2=CB@5==8E 45; :>=B@>;O 70 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN, CB25@645==0O @8:07><  $ >B 22.08.92 ! 292  1 >@30=870F88 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 (@54. >B 14.11.94).  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40), 0745; 1., ?. 5 AB. 3  =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O - =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O 8 >ACI5AB2;5=8O >@30=0<8 2=CB@5==8E 45; :>=B@>;O 70 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN, CB25@645==0O @8:07><  $ >B 22.08.92 ! 292  1 >@30=870F88 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 (@54. >B 14.11.94), ?. ?. 2.1.1-2.1.3, 2.2.8  !<. @8;>65=85 ! 8F5=78O =0 G0AB=CN >E@0==CN 45OB5;L=>ABL  =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O - =AB@C:F8O > ?>@O4:5 ;8F5=78@>20=8O 8 >ACI5AB2;5=8O >@30=0<8 2=CB@5==8E 45; :>=B@>;O 70 G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>ABLN, CB25@645==0O @8:07><  $ >B 22.08.92 ! 292  1 >@30=870F88 8A?>;=5=8O >@30=0<8 2=CB@5==8E 45; 0:>=0 >AA89A:>9 $545@0F88   G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88 (@54. >B 14.11.94), ?.?.1.2 8 1.3, 2.2.9  $>;C1>2 .. '0AB=0O >E@0=0 8  >AA88: 0A?5:BK 2708<>459AB28O  .: 80@8CA, 2001 A. 4 -5  !1>@=8: =>@<0B82=KE 0:B>2: '0AB=0O 45B5:B82=0O 8 >E@0==0O 45OB5;L=>ABL .: 740B5;LAB2>   , 2004.-29,131-133A.  $54>B:8= !.. A=>2K >E@0==>9 45OB5;L=>AB8.@0:B8G5A:>5 ?>A>185 4;O A>B@C4=8:>2 =53>AC40@AB25==KE >E@0==KE >@30=870F89.  740B5;LAB2> & !<8B, .: 20023.- 54-86A.  !1>@=8: =>@<0B82=KE 0:B>2: '0AB=0O 45B5:B82=0O 8 >E@0==0O 45OB5;L=>ABL .: 740B5;LAB2>   , 2004.-66-78 A.  $54>B:8= !.. A=>2K >E@0==>9 45OB5;L=>AB8.@0:B8G5A:>5 ?>A>185 4;O A>B@C4=8:>2 =53>AC40@AB25==KE >E@0==KE >@30=870F89.  740B5;LAB2> & !<8B, .: 20023.- 38-52A.  !B0BLO #18BL 8 >1KA:0BL, C@=0; ><<5@A0=BJ-;0ABL, >A:20, @0745; ><<5=B0@88 : 70:>=C http://nbgaural.web.ur.ru/page_14.htm  !B0BLO "564C=0@>4=K9 ?@02>2>9 >?KB >15A?5G5=8O 157>?0A=>AB8 =53>AC40@AB25==KE >1J5:B>2 M:>=><8:8" "><<5@A0=B" - :><<5=B0@88 : 70:>=C http://www.tsure.ru/University/Faculties/Fib/bit/sections/teach/abstracts/books/prot_in_ec/teor5.htm  =D>@<0F8O > 3@0640=A:>-?@02>2>< @53C;8@>20=88 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2> $@0=F88 http://www.legifrance.gouv.fr/  2B>@K: 5=5@0;>2 ;048<8@, >@C;52 !5@359 !B0BLO "A@02=8B5;L=K9 0=0;87 ?@02>2>3> @53C;8@>20=8O G0AB=>9 >E@0==>9 45OB5;L=>AB8 2> D@0=FC7A:>9 @5A?C1;8:5, @>AA89A:>9 D545@0F88 8 @5A?C1;8:5 5;0@CAL 5;>@CAA:89 6C@=0; "<564C=0@>4=>3> ?@020 8 <564C=0@>4=KE >B=>H5=89"! 3, 2002  =D>@<0F8O > 3@0640=A:>-?@02>2>< @53C;8@>20=88 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2> $@0=F88 http://www.legifrance.gouv.fr/  (C<8;>2 ... @0:B8G5A:>5 ?>A>185 '0AB=>5 45B5:B82=>5 8 E@0==>5 @02>, 740B5;LAB2> >@<0, 19993, 5-12A.      ?@8=F8?0E ?@8>@8B5B0 <5@ ?@54C?@5645=8O ?@5ABC?;5=89 ?5@54 <5@0<8 >B25BAB25==>AB8 70 =8E, ?@8>@8B5B0 =@02AB25==KE =0G0; 1>@L1K A ?@5ABC?=>ABLN ?5@54 M:>=><8G5A:>9 F5;5A>>1@07=>ABLN, ?0@B=5@AB20 3>AC40@AB25==KE 8 =53>AC40@AB25==KE AC1J5:B>2 ?@02>>E@0=8B5;L=>9 45OB5;L=>AB8 A<., =0?@8<5@: >45;L @538>=0;L=>9 ?@>3@0<<K 1>@L1K A ?@5ABC?=>ABLN / >4 @54. .. ;5:A5520. !. 36, 37.      ?@8=F8?0E ?@8>@8B5B0 <5@ ?@54C?@5645=8O ?@5ABC?;5=89 ?5@54 <5@0<8 >B25BAB25==>AB8 70 =8E, ?@8>@8B5B0 =@02AB25==KE =0G0; 1>@L1K A ?@5ABC?=>ABLN ?5@54 M:>=><8G5A:>9 F5;5A>>1@07=>ABLN, ?0@B=5@AB20 3>AC40@AB25==KE 8 =53>AC40@AB25==KE AC1J5:B>2 ?@02>>E@0=8B5;L=>9 45OB5;L=>AB8 A<., =0?@8<5@: >45;L @538>=0;L=>9 ?@>3@0<<K 1>@L1K A ?@5ABC?=>ABLN / >4 @54. .. ;5:A5520. !. 36, 37.  =4@5520 .!B0BLO "C>25@H5=AB2>20=85 ?@02>2KE >A=>2 0=B8:@8<8=>35==>9 45OB5;L=>AB8 G0AB=KE >E@0==KE 8 45B5:B82=KE ?@54?@8OB89".C@=0; "@02> 8 ?>;8B8:0" ! 4, 2003,A.5-10.  >=AB8BCF88 >AA89A:>9 $545@0F88 G.4 AB.29, 740B5;LAB2> @8>@, 20043- 32A.  #3>;>2=K9 :>45:A >AA89A:>9 $545@0F88 AB. 140, 740B5;LAB2> @8>@, 20033.  !<., =0?@8<5@: @8<8=>;>38O. 1I0O G0ABL / >4 @54. .. @5E>20. !1., 1999; >?@>AK :@8<8=>;>388 8 1>@L1K A ?@5ABC?=>ABLN // #:@5?;5=85 70:>==>AB8 8 1>@L1K A ?@5ABC?=>ABLN 2 CA;>28OE D>@<8@>20=8O ?@02>2>3> 3>AC40@AB20. ., 2002. !. 3-62.   ?@8=F8?0E ?@8>@8B5B0 <5@ ?@54C?@5645=8O ?@5ABC?;5=89 ?5@54 <5@0<8 >B25BAB25==>AB8 70 =8E, ?@8>@8B5B0 =@02AB25==KE =0G0; 1>@L1K A ?@5ABC?=>ABLN ?5@54 M:>=><8G5A:>9 F5;5A>>1@07=>ABLN, ?0@B=5@AB20 3>AC40@AB25==KE 8 =53>AC40@AB25==KE AC1J5:B>2 ?@02>>E@0=8B5;L=>9 45OB5;L=>AB8 A<., =0?@8<5@: >45;L @538>=0;L=>9 ?@>3@0<<K 1>@L1K A ?@5ABC?=>ABLN / >4 @54. .. ;5:A5520. !. 36, 37.  $545@0;L=K9 70:>= !83-$ >B 25 <0O 1995 "1 8=D>@<0F88, 8=D>@<0B870F88 8 70I8B5 8=D>@<0F88" , AB.14  #3>;>2=K9 :>45:A >AA89A:>9 $545@0F88 AB.287, 740B5;LAB2> @8>@, 20033.  >AB0=>2;5=85 @028B5;LAB20 >AA89A:>9 $545@0F88 !589 "1 CB25@645=88 ?>;>65=8O > 2=5254><AB25==>9 >E@0=5 ?@8 >@30=0E 2=CB@5==8E 45; >AA89A:>9 $545@0F88" >B 14 023CAB0 1992 3.   A>2@5<5==>9 =0CG=>9 ;8B5@0BC@5 =07K20NBAO >B 200 4> 250 A>F80;L=KE D0:B>@>2, 2;8O=85 :>B>@KE =0 ?@5ABC?=>ABL 1>;55 8;8 <5=55 4>:070=>. !<., =0?@8<5@: 8=L:>2A:89 .. @02>20O ?>;8B8:0 2 AD5@5 1>@L1K A ?@5ABC?=>ABLN 8 ?@>1;5<K 70:>=>40B5;L=>3> @53C;8@>20=8O MB>9 1>@L1K // @>1;5<K D>@<8@>20=8O C3>;>2=>9 ?>;8B8:8 >AA89A:>9 $545@0F88 8 55 @50;870F88 >@30=0<8 2=CB@5==8E 45;. "@C4K :045<88  >AA89A:>9 $545@0F88. ., 2000. !. 28.  =4@5520 .!B0BLO "C>25@H5=AB2>20=85 ?@02>2KE >A=>2 0=B8:@8<8=>35==>9 45OB5;L=>AB8 G0AB=KE >E@0==KE 8 45B5:B82=KE ?@54?@8OB89".C@=0; "@02> 8 ?>;8B8:0" ! 4, 2003,A.11-18.  ;O @50;870F88 40==>3> ?>;>65=8O A>>B25BAB2CNI85 >E@0==K5 CA;C38 4>;6=K 1KBL 2=5A5=K 2 ?5@5G5=L CA;C3, ?>4;560I8E >1O70B5;L=>9 A5@B8D8:0F88: A<.: >AB0=>2;5=85 @028B5;LAB20 >AA89A:>9 $545@0F88 !1013 "1 CB25@645=88 ?5@5G=O B>20@>2, ?>4;560I8E >1O70B5;L=>9 A5@B8D8:0F88, 8 ?5@5G=O @01>B 8 CA;C3, ?>4;560I8E >1O70B5;L=>9 A5@B8D8:0F88" >B 13 023CAB0 1997 3.  #3>;>2=K9 :>45:A >AA89A:>9 $545@0F88, 740B5;LAB2> @8>@, 20033. 3;.23.  0:>= >AA89A:>9 $545@0F88  G0AB=>9 45B5:B82=>9 8 >E@0==>9 45OB5;L=>AB8 2 >AA89A:>9 $545@0F88, >B 11 <0@B0,19923 ! 2487-1 ( A 87<5=5=8O<8 =0 10 O=20@O 2003 3>40).  @0640=A:89 :>45:A >AA89A:>9 $545@0F88. '0AB8 1-3.-.:" 5;18, 74-2> @>A?5:B, 2004.- 448A.  #3>;>2=>-?@>F5AAC0;L=K9 :>45:A >AA89A:>9 $545@0F88 A ?@8;>65=8O<8 (2 ?>A;54=59 @540:F88 >B 30 8N;O 2002 3.) !5@8O: ".@8AB, 20023.  =4@5520 .!B0BLO "C>25@H5=AB2>20=85 ?@02>2KE >A=>2 0=B8:@8<8=>35==>9 45OB5;L=>AB8 G0AB=KE >E@0==KE 8 45B5:B82=KE ?@54?@8OB89".C@=0; "@02> 8 ?>;8B8:0" ! 4, 2003,A.20-32.  ! / @<5= !B0BLO  +  !$  #!#&  %'!" , 8B5@0BC@=0O 3075B0 . 20033.,M;5:B@>==0O 25@A8O AB0BL8 http://www.lgz.ru/archives/html_arch/lg402003/Polosy/art4_1.htm  CA0:>20 . 1 8=D>@<0F8>==>< 2708<>459AB288 ?@02>>E@0=8B5;L=KE >@30=>2 A G0AB=K<8 >E@0==K<8 ?@54?@8OB8O<8 M;5:B@>==0O 25@A8O 4>:;040 >B 30.07.2003 http://www.ks-guvd.ru/default.asp?sID=6&dID=52&dt=a PAGE  PAGE 89 @BDF|~"$ujqUmHnHu&j>*B*UmHnHphuCJmHnHuj{UmHnHujUmHnHumHnHu0JaJmHnHu&j>*B*UmHnHphu mHnHu0JmHnHuj0JUmHnHu jU( T J|$$`a$  % ^` % ^`  % `  % ^`$a$l46$&( nprϵ߭קדυ߭קq&j>*B*UmHnHphuj]UmHnHu&j>*B*UmHnHphu mHnHuCJmHnHujgUmHnHujUmHnHumHnHu0JmHnHuj0JUmHnHu&j>*B*UmHnHphu&       0 2 ѝޏ{mj?UmHnHu&j>*B*UmHnHphujIUmHnHu0JaJmHnHu&j>*B*UmHnHphu mHnHu0JmHnHuCJmHnHuj0JUmHnHumHnHujUmHnHujSUmHnHu*2 4 6    F H J N P R T V X F H J | ~ ϵ߭קדυ߭קqg0JaJmHnHu&j>*B*UmHnHphuj+UmHnHu&j>*B*UmHnHphu mHnHuCJmHnHuj5UmHnHujUmHnHumHnHu0JmHnHuj0JUmHnHu&j>*B*UmHnHphu&  HJLN <>@DFHJLN46ޙwj UmHnHu&j >*B*UmHnHphuj UmHnHu&j >*B*UmHnHphu mHnHu0JmHnHuCJmHnHuj0JUmHnHumHnHujUmHnHuj! UmHnHu*68: VXZ\8:<nprvxz|~ϵ߭קדυ߭קqg0JaJmHnHu&jt >*B*UmHnHphuj UmHnHu&j~ >*B*UmHnHphu mHnHuCJmHnHuj UmHnHujUmHnHumHnHu0JmHnHuj0JUmHnHu&j >*B*UmHnHphu& NPRTvxzJBKDKKL*MN4O6O8OdOfOd]f]a@cѝޏɊ}v}}saJ 56\]5\6]mH sH  jUjUmHnHu0JaJmHnHu&jj>*B*UmHnHphu mHnHu0JmHnHuCJmHnHuj0JUmHnHumHnHujUmHnHuj UmHnHu-"(F.N7<`EDKKL.MN:OZQ0RTRRSS(TTUZVWYY`Z` & F! hh^h`ZZf[T\V\X\Z\\\^\`\\f]n`aDcBee6ffg|gg`h~h & F `7$8$ & F  & F` & F! eh@^`@@cBcjjxkzk`p{{Z\lnr::ȍڑdf02FHJ@Bvx68 B*aJphj0JB*UaJphaJ B*aJphj0JUh 6]hhj0JB*Uhph B*hphj0JUaJaJ j0JUB~hh2ijhj|kk@llmrnn`prstuvxz{{D~`  & F` ^`  & F^ & F r0fJ8dr$ 1$7$8$H$` $1$7$8$H$a$  & F^bdpr"$>@>@Bdff h J L   "$z|~;;b<8=:=BB__`Hb.ccccffffglӻӶӶӻj0JB*Uph B*ph 6]aJj0JUaJ j0JUhaJCJOJQJ^JaJj0JB*UaJph B* aJph B*aJphaJC$@BfL $~$j"$(v*P.1>7  & F^ & F1$7$8$H$ 1$7$8$H$`>7T9;@=GHMNP$WXL\_`bTccc:defxg,hh & F ^` & F & Fdd7$8$  & F^7$8$hiil ozoswy~~ڃl & F dd7$8$^` dd7$8$` & F ^`loo oppppssww yyރ&hj$H8VX,.25\fHq aJj0JB*UphaJ 6]aJj0JUaJ aJmH sH 6] B*phCJaJaJ j0JUFjH@Dثάίb8 & F & F & F hh^h`&dh' & F dd7$8$^`8\8ھt8 :J $`a$ & F hhdd7$8$^h & F hh^h dd7$8$` & F 8hL^`L` "~~4L"n  & F^$ h7$8$ h`Z"P"` h 2$%j*,b-.1P668` & F ^`$%^-`-|.~..<<>>@,A GHG.LLNNNNbRtR([,[__eeZf\ffffiijj k kvnxnhrjrLuNu"w$wȅ8LDdf¢H\|~FZpr~0J>*B*phjB*UphH*0J6]mH sH  j0JUj0JB*Uph B*phN8<=>?r@LCFF.LN QVRRS>T|UJV@W X2[>\X^xbgkBm & F ^`  & F^  & Fh^hBmpqNrrrt*uu|v>w:xz{|}~,`Dh\Ԏ` & F ^`n"VԚЛJr>ĢH<8ָ  & F^ & F ^``ָ^$(2<D$|J  p* & F` ~"$ " " ~   np(* &%(%n+p+xhBinnvv~և؇‘đ֖Z\̙0P| 6]hhaJ B*aJph B*aJph Hh#f6] 0J6]0J j0JUP*,%&r+.16:@@GOV^`a*fFh`ijlkmnn & F` ^` & Fnpq$ttvNxTy|~RfRڇđƓDC$Eƀ#f & F  & F ^` & FƓ0ڡ4.&Ȯh8:P|n`7$8$|Jdf,   D8<n &TF"<)>)p*r**+,+-j.l....8/:/)r* & F ^` & F ^`` & F ^` h^h` & Fr*,+->ACCEGGHJ` & F ^` & F ^` & F ^`2v3x3z3h4l4n4p4d6f6h6j6777999999:::<<<<>>>>>>>@@AAAACCCCEEEEFGGGGGGGGHHHHHIJJJJLͬ B*aJphB*CJOJQJaJphj0JCJOJQJUB*CJOJQJaJph CJOJQJB*CJOJQJph j0JU B*ph jU0JDJLNVPQR$T^UVXXX&Z[[[b]p`a.eehhijkln&o(oLLLLzNNNNNNOTPVPXPZPQQQQRRRR"T$T&T(T\U^U`UbUVVVWXXXXXXXX$Z&Z(Z*Z[[[ [ [[[[[Z]`]b]d]f]n`p`r`t`aaaaa.e0eeeeehhhhhh0JCJOJQJj0JCJOJQJU CJOJQJB*CJOJQJph j0JUQhiiiijjjjkkkkllllnn n"n&o(o*o,oqqqrrr*t,t.t0ttu u"u$uvvvv v vvvvvvyyyyyy"y$y(y*y,y&|(|*|B*CJOJQJaJph333CJaJ B*aJphB*CJaJph333 CJOJQJj0JCJOJQJUB*CJOJQJaJphB*CJOJQJph j0JUCJOJQJaJ@(oqr,t uvv vvvyyy"y(y&|(||}$~~tvdd[$\$`*|,|}}}}$~&~~~~~~rtvx vxz|@BDƐȐʐґԑ֑ؑ046:"#$&'-.01267 B*ph0J"mHnHu0J" j0J"UCJOJQJj0JCJOJQJU j0JU CJOJQJLvxBȐԑ24$%&23456!!&`#$`67`301hP. A!"7#n$n% {DyK  _Toc64835280{DyK  _Toc64835280{DyK  _Toc64835281{DyK  _Toc64835281{DyK  _Toc64835282{DyK  _Toc64835282{DyK  _Toc64835283{DyK  _Toc64835283{DyK  _Toc64835284{DyK  _Toc64835284{DyK  _Toc64835285{DyK  _Toc64835285{DyK  _Toc64835286{DyK  _Toc64835286{DyK  _Toc64835287{DyK  _Toc64835287{DyK  _Toc64835288{DyK  _Toc64835288{DyK  _Toc64835289{DyK  _Toc64835289{DyK  _Toc64835290{DyK  _Toc64835290{DyK  _Toc64835291{DyK  _Toc64835291{DyK  _Toc64835292{DyK  _Toc64835292{DyK  _Toc64835293{DyK  _Toc64835293{DyK  _Toc64835294{DyK  _Toc64835294{DyK  _Toc64835295{DyK  _Toc64835295%DyK ,http://www.mvdinform.ru/index.php?docid=740yK Xhttp://www.mvdinform.ru/index.php?docid=740 DyK &http://nbgaural.web.ur.ru/page_14.htmyK Lhttp://nbgaural.web.ur.ru/page_14.htm DyK ehttp://www.tsure.ru/University/Faculties/Fib/bit/sections/teach/abstracts/books/prot_in_ec/teor5.htmyK http://www.tsure.ru/University/Faculties/Fib/bit/sections/teach/abstracts/books/prot_in_ec/teor5.htm( iN@N 1KG=K9$dh`a$CJ_HaJmHsHtHl@l 03>;>2>: 1-$ & Fedh<@&^e`5CJKH \^JaJ \@\ 03>;>2>: 2$ & Fdh<@&5CJ\]^JaJX@X 03>;>2>: 3$dh<@&`5CJ\^JaJD@D 03>;>2>: 4$$@&`a$6]6@6 03>;>2>: 5$@&6]@@@ 03>;>2>: 6$@&6B*]ph:A@: A=>2=>9 H@8DB 0170F0,@, 3;02;5=85 14@4 3;02;5=85 2 ^4@4 3;02;5=85 3 0^04@4 3;02;5=85 4 H^H4@4 3;02;5=85 5 `^`4@4 3;02;5=85 6 x^x4@4 3;02;5=85 7 ^4@4 3;02;5=85 8 ^4@4 3;02;5=85 9 ^e@ !B0=40@B=K9 HTMLK$ 2( Px 4 #\'*.25@9d`a$!B*CJOJPJQJ^JaJph2U@2 8?5@AAK;:0 >*B*phj^@j 1KG=K9 (Web)$$ddd[$\$`a$B*CJOJQJaJph333(X@( K45;5=856]F@F "5:AB A=>A:8B*CJOJQJaJph333*&@* =0: A=>A:8H*FC@F A=>2=>9 B5:AB A >BABC?><TR@T A=>2=>9 B5:AB A >BABC?>< 2 B*phJS@J A=>2=>9 B5:AB A >BABC?>< 3 D@D 5@E=89 :>;>=B8BC; ! E$,)@!, ><5@ AB@0=8FKB @2B 86=89 :>;>=B8BC; # E$FP@BF A=>2=>9 B5:AB 2$7$8$`aJNV@QN @>A<>B@5==0O 38?5@AAK;:0 >*B* phHB@bH A=>2=>9 B5:AB&$d`a$aJPQ@rP A=>2=>9 B5:AB 3'dd7$8$`6]/ 33;->>NCrFH#OPPS;Twt}=˛IXJp޷AcS >mU%E13;547892D`OX8YZ\t]gc?ds{~?m7I  !"#$%&'()*+,-./0123456789:;<=>?@ABCDE?BGJ H * 7 9 "yN{a<-^QZ U"X"["^"#$$*%&'(Q()*k+,"--...d/0007I26 jpb{*% ] _ h K s Jo#m ##n$$|%%&'*'c'''(~((-))**0+r++*,+,,,-,.,/,0,z,,7../001N111102?2~22 34333 4g4495w50677P88I9D:@;;;"=0>??@APCC DtF3GH JL%OtQ\WKYG[{]s_acefGh2k9oqytuuxyY{!}3&څ?FGHߋETv;(Җ͛ݡxpv&h ͯZW wu¾WX5 F^Og1GCX.mQ:WDC%uBRNegGk (H}U K k  I5@@(OjoN9!f!$Y%&+''((%))*+,,-99:g;;n<<w=>>?@"B4DDjEKFF7GH+IJjKK%LLRMMNbOOyPQQ RR^SSMUVXZkZx]Wajcefhiimnpsttunvx{{|w}>~~GSTWkSTߡbg#NJ~OʶzE'xh))szKUdy4(>x`7/^l 4B?n&3HIJ  /   _    #]9W563ux|} !!~"`#m$o%+&&X'((P)*P*Q*++++,8..00q2r22F33c455567889999 9:::::<<j<<=`=S>T>??:@@;A7h8 8Bmָ*nƓ r*J(ov67MUVXY[\]_`abdefgijkmnopruwx6N !@JeghjPkmnpA\_`b Zuxy{ $'(*If"#%D  -   ) < W Z [ ] 0-1D15p/UV7I X%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕ̕XXXX !!8@0(  B S  ? _Hlt64835741 _Hlt64836380 _Hlt64836435 _Toc64835280 _Toc64835281 _Toc64835282 _Toc64835283 _Toc64835284 _Toc64835285 _Toc64835286 _Toc64835287 _Toc64835288 _Toc64835289 _Toc64835290 _Toc64835291 _Toc64835292 _Toc64835293 _Toc64835294 _Toc64835295<_ 0,z, 3PCHeobO{8I@@@ =g y,,33CދgLO{8I    6I5I8I _ h HRozii    6335599~::::::<<?>I>??BB^FcFI5I8I'5@=5=:>C:\Documents and Settings\Test\ 01>G89 AB>;\48?;>< - @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA88\8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.doc'5@=5=:>C:\Documents and Settings\Test\ 01>G89 AB>;\48?;>< - @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA88\8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.doc'5@=5=:>C:\Documents and Settings\Test\ 01>G89 AB>;\48?;>< - @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA88\8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.doc'5@=5=:>C:\Documents and Settings\Test\Application Data\Microsoft\Word\2B>:>?8O 8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.asd'5@=5=:>C:\Documents and Settings\Test\Application Data\Microsoft\Word\2B>:>?8O 8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.asd'5@=5=:>C:\Documents and Settings\Test\ 01>G89 AB>;\48?;>< - @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA88\8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.doc'5@=5=:>C:\Documents and Settings\Test\Application Data\Microsoft\Word\2B>:>?8O 8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.asd'5@=5=:>C:\Documents and Settings\Test\ 01>G89 AB>;\48?;>< - @0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8 2 >AA88\8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.doc'5@=5=:>C:\Documents and Settings\Test\Application Data\Microsoft\Word\2B>:>?8O 8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.asd'5@=5=:>C:\Documents and Settings\Test\Application Data\Microsoft\Word\2B>:>?8O 8?;>< -@0640=A:>-?@02>2>5 @53C;8@>20=85 G0AB=>9 >E@0==>9 45OB5;L=>AB8.asd"9hUZ@\i 6 6.JSJ@e65(oY ǔE1kkxJ.~'"O/p2r(S)3 3 > ^> `o(........ @ @ ^@ `o(.........=L=^=`Lo(.ee^e`.5 L5 ^5 `L.^`.^`.L^`L.uu^u`.EE^E`.L^`L.h jj^j`OJQJo(h ::^:`OJQJo(oh   ^ `OJQJo(h   ^ `OJQJo(h ^`OJQJo(oh zz^z`OJQJo(h JJ^J`OJQJo(h ^`OJQJo(oh ^`OJQJo(88^8`o(.h jj^j`OJQJo(h ::^:`OJQJo(oh   ^ `OJQJo(h   ^ `OJQJo(h ^`OJQJo(oh zz^z`OJQJo(h JJ^J`OJQJo(h ^`OJQJo(oh ^`OJQJo(88^8`o(.h ^`OJQJo(hee^e`.h 5 5 ^5 `OJQJo(h ^`OJQJo(h ^`OJQJo(oh ^`OJQJo(h uu^u`OJQJo(h EE^E`OJQJo(oh ^`OJQJo(^`CJOJQJo(^`CJOJQJo(opp^p`CJOJQJo(@ @ ^@ `CJOJQJo(^`CJOJQJo(^`CJOJQJo(^`CJOJQJo(^`CJOJQJo(PP^P`CJOJQJo(hh^h`.h jj^j`OJQJo(h ::^:`OJQJo(oh   ^ `OJQJo(h   ^ `OJQJo(h ^`OJQJo(oh zz^z`OJQJo(h JJ^J`OJQJo(h ^`OJQJo(oh ^`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(^`o(.i0i^i`0o(..0^`0o(...^`o(.... ^`o( ..... `^``o( ......   ^ `o(....... 7 7 ^7 `o(........ 8 8 ^8 `o(.........^`.^`.pLp^p`L.@ @ ^@ `.^`.L^`L.^`.^`.PLP^P`L.h ^`OJQJo(h ^`OJQJo(oh pp^p`OJQJo(h @ @ ^@ `OJQJo(h ^`OJQJo(oh ^`OJQJo(h ^`OJQJo(h ^`OJQJo(oh PP^P`OJQJo(88^8`o(.^`o(.^`. L ^ `L.  ^ `.mm^m`.=L=^=`L.  ^ `.^`.L^`L.88^8`o(.^`CJOJQJo(^`CJOJQJo(opp^p`CJOJQJo(@ @ ^@ `CJOJQJo(^`CJOJQJo(^`CJOJQJo(^`CJOJQJo(^`CJOJQJo(PP^P`CJOJQJo(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("j#4{uHY  3V7Up2,O;<==6aHVEEui=1O/8u{0@\i n;ZnE9h'u7ITSDu{0='mS)31>x9 kkxSJIe5)kF,y""^8r`"BRK2T܅l~Ht^8wRDx~O\G(xQP ᨯQhvG8´̑6>̋#R9,:2D6VbH ;ek*aOyPQ6$y|~  Y!!O"X"'# $%n%(Q*,,,.../001\2i2p2"3b4 59I8I@6H!  7H!1*+79FI7I       r   F f & ^  0 2 X Z r v  , @Unknown'5@=5=:>Gz Times New Roman5Symbol3& z Arial7&  Verdana?5 z Courier New;Wingdings"hxfoM#!n0d6 2Q/ !>45@60=85'5@=5=:>'5@=5=:>Oh+'0 ( D P \hpx0    Normal.dot  t 367Microsoft Word 9.0 @@Z=@&M#՜.+,D՜.+,` hp|   0   8@ _PID_HLINKSAx&glehttp://www.tsure.ru/University/Faculties/Fib/bit/sections/teach/abstracts/books/prot_in_ec/teor5.htm;i&http://nbgaural.web.ur.ru/page_14.htm!nf,http://www.mvdinform.ru/index.php?docid=740m!c0http://daily.sec.ru/dailypopupimg.cfm?uid=167632\ _Toc648352952V _Toc648352942P _Toc648352932J _Toc648352922D _Toc648352912> _Toc6483529038 _Toc6483528932 _Toc648352883, _Toc648352873& _Toc648352863  _Toc648352853 _Toc648352843 _Toc648352833 _Toc648352823 _Toc648352813 _Toc64835280  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxy{|}~Root Entry FHData z1TableWordDocument5SummaryInformation(DocumentSummaryInformation8CompObjjObjectPoolHH  F Microsoft Word MSWordDocWord.Document.89q