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uantX Wellbore Instrumentation), "C=0 -=5@468" (Luna Energy); 8 ">20 "5:=>;>468" (Nova Technology), 0 B0:65 ?>4@0745;5=89 "59:5@ 9; "C;7", "&5=B@8;8DB" 8 "59:5@ 5B@>;09B". 0;L=59H55 8AA;54>20=85 1C45B ?@>2545=> =0 <0B5@80;0E D8;80;0  .. 2 >AA88. A=>2=K5 M:>=><8G5A:85 ?>:070B5;8 45OB5;L=>AB8  .. 70 2007  2009 33. ?@54AB02;5=K 2 B01;.1. "01;8F0 1 - A=>2=K5 M:>=><8G5A:85 ?>:070B5;8 45OB5;L=>AB8  .. 70 2007-200933. >:070B5;820073.20083.20093.1A>;NB=K5 87<5=5=8O"5<? @>AB0 20093. : 20073., %2008 : 20072009 : 20082009 : 2007K@CG:0 >B @50;870F88, BKA.@C1.!515AB>8<>ABL ?@>4C:F88, BKA.@C1. 0B@0BK =0 1 @C1. @50;870F88, @C1.0;>20O ?@81K;L, BKA.@C1.'8AB0O ?@81K;L, BKA.@C1.  5=B015;L=>ABL ?@>406, %!@54=53>4>20O AB>8<>ABL >A=>2=KE A@54AB2, BKA.@C1.$>=4>>B40G0, @C1.!@54=53>4>20O AB>8<>ABL >1>@>B=KE A@54AB2, BKA.@C1.1>@0G8205<>ABL >1>@>B=KE A@54AB2, @07.'8A;5==>ABL ?5@A>=0;0, G5;.K@01>B:0 =0 1 G5;., BKA.@C1.0: ?>:07K20NB 40==K5 B01;.1, >A=>2=K5 M:>=><8G5A:85 ?>:070B5;8  .. 70 2007-200933. 2 F5;>< C;CGH8;8AL. "0:, 2K@CG:0 >B @50;870F88 70 2007-200933. 2K@>A;0 =0 49373 BKA.@C1. 8;8 =0 62,7%. !515AB>8<>ABL ?@>4C:F88 ?@8 MB>< 2K@>A;0 =0 32265 BKA.@C1. 8;8 =0 64,5% (@8A.1). "0:8< >1@07><, 70 2007-200933. 70B@0BK =0 1 @C1.2K@CG:8 >AB0;8AL =0 >4=>< 8 B>< 65 C@>2=5  64 :>?. & & & .. 8AC=>: 1 - 8=0<8:0 2K@CG:8 8 A515AB>8<>AB8 ?@>4C:F88  .. 70 2007-200933. >:070B5;8 ?@81K;8 70 2007-200933. 2K@>A;8 - 20;>20O ?@81K;L 2K@>A;0 =0 17108 BKA.@C1. 8;8 =0 59,6%, G8AB0O ?@81K;L A>>B25BAB25==> 2K@>A;0 =0 1394 BKA.@C1. 8;8 =0 50,5%. 5=B015;L=>ABL ?@>406 70 2007-200933. =57=0G8B5;L=> C<5=LH8;0AL  =0 0,3%. -DD5:B82=>ABL 8A?>;L7>20=8O >A=>2=>3> :0?8B0;0 ?@54?@8OB8O 2K@>A;0, D>=4>>B40G0 C25;8G8;0AL 2 2 @070.  2>B MDD5:B82=>ABL 8A?>;L7>20=8O >1>@>B=KE A@54AB2 =5A:>;L:> A=878;0AL - >1>@0G8205<>ABL >1>@>B=KE A@54AB2 70<54;8;0AL =0 0,7 >1>@>B0, ?>B><C GB> >1>@>B=K5 A@54AB20 >@30=870F88 C25;8G820;8AL 1KAB@55 2K@CG:8 >B @50;870F88 B>20@>2 8 CA;C3. 0;55 1>;55 ?>4@>1=> ?@>0=0;878@C5< D8=0=A>2K5 @57C;LB0BK  .. 70 2007-200933. 2.2. =0;87 ?@81K;8 ?@54?@8OB8O @>0=0;878@C5< 48=0<8:C ?@81K;8  .. 70 2007-200933. (B01;.2). "01;8F0 2 - 8=0<8:0 ?@81K;8  .. 70 2007-200933. >:070B5;L 20073.20083.20093.1A.87<. 20093. : 20073."5<? @>AB0 20093. : 20073., %0;>20O ?@81K;L, BKA.@C1.@81K;L >B ?@>406, BKA.@C1.@81K;L 4> =0;>3>>1;>65=8O, BKA.@C1.'8AB0O ?@81K;L, BKA.@C1.  3@0D8G5A:>< 2845 48=0<8:0 ?@81K;8  .. 70 2007-200933. ?@54AB02;5=0 =0 @8A.2. & & & & & & . 8AC=>: 2 - 8=0<8:0 ?@81K;8  .. 70 2007-200933. 0: ?>:07K20NB 40==K5 B01;.2, ?>:070B5;8 ?@81K;8  .. 70 2007-200933. 7=0G8B5;L=> 2K@>A;8. "0:, 2 20093. 20;>20O ?@81K;L 2K@>A;0 ?> A@02=5=8N A 20073. =0 17108 BKA.@C1. 8;8 =0 59,6%, ?@81K;L >B ?@>406 2K@>A;0 =0 2474 BKA.@C1. 8;8 =0 46,0%, ?@81K;L 4> =0;>3>>1;>65=8O 2K@>A;0 =0 1829 BKA.@C1. 8;8 =0 50,0%. '8AB0O ?@81K;L A>>B25BAB25==> 2K@>A;0 =0 1394 BKA.@C1. 8;8 =0 50,5%. "0:8< >1@07><, =0 ?@>BO65=88 2007-200933. ?@81K;L ?@54?@8OB8O 8<5;0 ?>;>68B5;L=CN 48=0<8:C (@>A;0). >4 D0:B>@=K< 0=0;87>< ?>=8<05BAO <5B>48:0 :><?;5:A=>3> 8 A8AB5<=>3> 87CG5=8O 8 87<5@5=8O 2>7459AB28O D0:B>@>2 =0 25;8G8=C @57C;LB0B82=KE ?>:070B5;59. @>2545< D0:B>@=K9 0=0;87 ?@81K;8 >B ?@>406  .. 70 2008-200933. @81K;L >B ?@>406 2 F5;>< ?> ?@54?@8OB8N 7028A8B >B G5BK@5E D0:B>@>2 ?5@2>3> C@>2=O A>?>4G8=5==>AB8: >1J5<0 @50;870F88 ?@>4C:F88 (VP); 55 AB@C:BC@K (#i); A515AB>8<>AB8 (!i) 8 C@>2=O A@54=5@50;870F8>==KE F5= (&i). 0AG5B 2;8O=8O MB8E D0:B>@>2 =0 AC<<C ?@81K;8 <>6=> >?@545;8BL A?>A>1>< F5?=>9 ?>4AB0=>2:8, 8A?>;L7CO 40==K5 B01;8FK 3. =D;OF8O 70 2008-200933. A>AB028;0 13%. "01;8F0 3 - AE>4=K5 40==K5 4;O D0:B>@=>3> 0=0;870 ?@81K;8 >B ?@>406  .. 70 2008-200933., BKA.@C1. >:070B5;L20083.0==K5 20093. 2 F5=0E 20083.20093.K@CG:0 >B @50;870F88 ?@>4C:F88 8 CA;C3 ()>;=0O A515AB>8<>ABL @50;87>20==>9 ?@>4C:F88 8 CA;C3 ()@81K;L >B ?@>406 () !=0G0;0 =C6=> =09B8 AC<<C ?@81K;8 ?@8 D0:B8G5A:>< >1J5<5 ?@>406 8 107>2>9 25;8G8=5 >AB0;L=KE D0:B>@>2. ;O MB>3> A;54C5B @0AAG8B0BL 8=45:A >1J5<0 @50;870F88 ?@>4C:F88, 0 70B5< 107>2CN AC<<C ?@81K;8 A:>@@5:B8@>20BL =0 53> C@>25=L. =45:A >1J5<0 ?@>406 A>AB028B: I@? = 113370 / 114706 = 0,988 A;8 1K 25;8G8=0 >AB0;L=KE D0:B>@>2 =5 87<5=8;0AL, B> AC<<0 ?@81K;8 4>;6=0 1K;0 1K C<5=LH8BAO =0 1,2% 8 A>AB028BL 4468 BKA.@C1. (4522 * 0,988). 0B5< A;54C5B >?@545;8BL AC<<C ?@81K;8 ?@8 D0:B8G5A:>< >1J5<5 8 AB@C:BC@5 @50;87>20==>9 ?@>4C:F88, => ?@8 107>2>< C@>2=5 A515AB>8<>AB8 8 F5=. ;O MB>3> 87 CA;>2=>9 2K@CG:8 =C6=> 2KG5ABL CA;>2=CN AC<<C 70B@0B: 113370  106425 = 6945 BKA.@C1. "@51C5BAO ?>4AG8B0BL B0:65, A:>;L:> ?@81K;8 ?@54?@8OB85 <>3;> 1K ?>;CG8BL ?@8 D0:B8G5A:>< >1J5<5 @50;870F88, AB@C:BC@5 8 F5=0E, => ?@8 107>2>< C@>2=5 A515AB>8<>AB8 ?@>4C:F88. ;O MB>3> 87 D0:B8G5A:>9 AC<<K 2K@CG:8 A;54C5B 2KG5ABL CA;>2=CN AC<<C 70B@0B: 128108  106425 = 21683 BKA.@C1. >@O4>: @0AG5B0 40==KE ?>:070B5;59 2 A8AB5<0B878@>20==>< 2845 ?@54AB02;5= 2 B01;8F5 3. "01;8F0 3 - 0AG5B 2;8O=8O D0:B>@>2 =0 87<5=5=85 AC<<K ?@81K;8 >B ?@>406  .. >:070B5;L ?@81K;8$0:B>@K>@O4>: @0AG5B0@81K;L, BKA.@C1.1J5< ?@>406!B@C:BC@0 ?@>406&5=K!515AB>8<>ABL0t0t0t0t00-0CA;1t1t0t0t00*@?CA;2t1t1t0t0CA;  CA;CA;3t1t1t1t01-CA;1t1t1t1t11-1 1I55 87<5=5=85 AC<<K ?@81K;8 A>AB028;>: " = 7848  4522 = 3326 BKA.@C1.  B.G. 70 AG5B: - >1J5<0 @50;870F88 ?@>4C:F88 " (v@?) = CA;1 - 0 = 4468  4522 = - 54 BKA.@C1. - AB@C:BC@K B>20@=>9 ?@>4C:F88 " (AB@) = CA;2  CA;1 = 6945  4468 = 2477 BKA.@C1. - F5= " (F) = CA;3  CA;2 = 21683  6945 = 14738 BKA.@C1. - A515AB>8<>AB8 @50;87>20==>9 ?@>4C:F88 " (A) = 1  CA;3 = 7848  21683 = - 13835 BKA.@C1. 57C;LB0BK D0:B>@=>3> 0=0;870 ?@81K;8 >B ?@>406  .. 70 2008-200933. ?@54AB02;5=K 2 B01;.4. "01;8F0 4 - ;8O=85 D0:B>@>2 =0 ?@81K;L >B ?@>406  .. 70 2008-200933. $0:B>@;8O=85 01A>;NB=>5, BKA.@C1.;8O=85 >B=>A8B5;L=>5, %1) >1J5< ?@>4062) AB@C:BC@0 ?@>4063) F5=K4) A515AB>8<>ABLB>3>  3@0D8G5A:>< 2845 @57C;LB0BK D0:B>@=>3> 0=0;870 ?@81K;8 >B ?@>406  .. 70 2008-200933. ?@54AB02;5=K =0 @8A.3. & & & & & & . 8AC=>: 3 - ;8O=85 @07;8G=KE D0:B>@>2 =0 ?@81K;L >B ?@>406  .. 70 2008-200933. 57C;LB0BK @0AG5B>2 ?>:07K20NB, GB> @>AB ?@81K;8 >B ?@>406  .. 70 2008-200933. >1CA;>2;5= 2 >A=>2=>< 87<5=5=85< F5= 8 A515AB>8<>AB8 @50;87>20==>9 ?@>4C:F88. 0 AG5B 87<5=5=8O F5= AC<<0 ?@81K;8 2K@>A;0 =0 14738 BKA.@C1.  A2O78 A ?>2KH5=85< A515AB>8<>AB8 ?@>4C:F88 AC<<0 ?@81K;8 C<5=LH8;0AL =0 13835 BKA.@C1.  B01;8F5 5 ?@54AB02;5=K 40==K5 4;O D0:B>@=>3> 0=0;870 G8AB>9 ?@81K;8  .. 70 2008-200933. "01;8F0 5 - $>@<8@>20=85 8 48=0<8:0 G8AB>9 ?@81K;8  .. 70 2008-200933. >:070B5;L 20083.20093.1A.87<., (+,-)"5<? @>AB0, %K@CG:0 >B @50;870F88 ?@>4C:F88!515AB>8<>ABL @50;870F88 ?@>4C:F88><<5@G5A:85 @0AE>4K@>G85 4>E>4K@>G85 @0AE>4K"5:CI89 =0;>3 =0 ?@81K;L'8AB0O ?@81K;L >BG5B=>3> ?5@8>40 0 >A=>25 ?>:070B5;59 >BG5B0 > ?@81K;OE  .. ?>AB@>8< D0:B>@=CN <>45;L G8AB>9 ?@81K;8 ?@54?@8OB8O: ' =   !    +     - ? 345 '  G8AB0O ?@81K;L;  - 2K@CG:0 (=5BB>) >B ?@>4068 B>20@>2, @01>B, CA;C3; ! - A515AB>8<>ABL ?@>40==KE B>20@>2, @01>B, CA;C3;   - :><<5@G5A:85 @0AE>4K;   ?@>G85 4>E>4K;    ?@>G85 @0AE>4K; ?  =0;>3 =0 ?@81K;L. "0:8< >1@07><, 87<5=5=85 AC<<K G8AB>9 ?@81K;8  .. 70 2008-200933. ?@>87>H;> 70 AG5B A;54CNI8E D0:B>@>2: 2K@CG:8 (=5BB>) >B @50;870F88 ?@>4C:F88: & & & & & & . 1I55 87<5=5=85 G8AB>9 ?@81K;8 ?@54?@8OB8O 70 2008-200933. A>AB028;>: (G = (G (() + (G ((!) + (G (( ) + (G (() + (G (( ) + (G ((?) = 13402 - 5434  4642 + 12 + 547 - 590 = 3295 BKA.@C1. 57C;LB0BK D0:B>@=>3> 0=0;870 G8AB>9 ?@81K;8  .. 70 2008-200933. ?@54AB02;5=K 2 B01;.6. "01;8F0 6 - 57C;LB0BK D0:B>@=>3> 0=0;870 G8AB>9 ?@81K;8  .. 70 2008-200933. $0:B>@;8O=85 01A>;NB=>5, BKA.@C1.;8O=85 >B=>A8B5;L=>5, %1) >1J5< ?@>4062) A515AB>8<>ABL ?@>4063) :><<5@G5A:85 @0AE>4K4) ?@>G85 4>E>4K5) ?@>G85 @0AE>4K6) =0;>3 =0 ?@81K;LB>3> "0:8< >1@07><, 2 @57C;LB0B5 2;8O=8O @0AA<0B@8205<KE D0:B>@>2 G8AB0O ?@81K;L  .. 70 2008-200933. 2K@>A;0 =0 3295 BKA.@C1. 081>;LH5 2;8O=85 =0 87<5=5=85 G8AB>9 ?@81K;8  .. >:070;> 87<5=5=85 >1J5<0 ?@>406 (+406,7%), A515AB>8<>AB8 (-164,9%) 8 :><<5@G5A:8E @0AE>4>2 (-140,9%).  3@0D8G5A:>< 2845 @57C;LB0BK D0:B>@=>3> 0=0;870 G8AB>9 ?@81K;8  .. 70 2008-200933. ?@54AB02;5=K =0 @8A.4. & & & & & & & 8AC=>: 4 - ;8O=85 @07;8G=KE D0:B>@>2 =0 G8ABCN ?@81K;L  .. 70 2008-200933. 0 2007-200833. 0=0;87 ?@>2>48BAO 0=0;>38G=K< >1@07><. 2.3. =0;87 ?>:070B5;59 @5=B015;L=>AB8 ?@54?@8OB8O 0;55 ?@>0=0;878@C5< ?>:070B5;8 @5=B015;L=>AB8  .. 70 2007-200933. 5=B015;L=>ABL ?@>406: & & & & & . 5=B015;L=>ABL A>1AB25==>3> :0?8B0;0: & & & & & . 5=B015;L=>ABL B5:CI8E (>1>@>B=KE) 0:B82>2: & & & & . 5=B015;L=>ABL 2=5>1>@>B=KE 0:B82>2: & & & & & . 5=B015;L=>ABL 8=25AB8F89 (0:B82>2): & & & & & . 57C;LB0BK @0AG5B>2 ?>:070B5;59 @5=B015;L=>AB8  .. 70 2007-200933. ?@54AB02;5=K 2 B01;.7. "01;8F0 7 - 8=0<8:0 ?>:070B5;59 @5=B015;L=>AB8  .. 70 2007-200933. >:070B5;8 @5=B015;L=>AB820073.20083.20093.1A>;NB=>5 87<5=5=85 20093. : 20073.K@CG:0 >B @50;870F88, BKA.@C1.'8AB0O ?@81K;L, BKA.@C1.!@54=53>4>20O AB>8<>ABL 2=5>1>@>B=KE 0:B82>2, BKA.@C1.!@54=53>4>20O AB>8<>ABL >1>@>B=KE 0:B82>2, BKA.@C1.!@54=53>4>20O AB>8<>ABL 0:B82>2, BKA.@C1.!@54=53>4>20O AB>8<>ABL A>1AB25==>3> :0?8B0;0, BKA.@C1. 5=B015;L=>ABL ?@>406, % 5=B015;L=>ABL 2=5>1>@>B=KE 0:B82>2, %  5=B015;L=>ABL >1>@>B=KE 0:B82>2, %  5=B015;L=>ABL 0:B82>2, %  5=B015;L=>ABL A>1AB25==>3> :0?8B0;0, %  3@0D8G5A:>< 2845 48=0<8:0 ?>:070B5;59 @5=B015;L=>AB8  .. 70 2007-200933. ?@54AB02;5=0 =0 @8A.5, 6. & & & & & 8AC=>: 5 - 8=0<8:0 @5=B015;L=>AB8  .. 70 2007-200933., % . 8AC=>: 6 - 8=0<8:0 @5=B015;L=>AB8 A>1AB25==>3> :0?8B0;0  .. 70 2007-200933., % 0: ?>:07K20NB 40==K5, ?>:070B5;8 @5=B015;L=>AB8  .. 70 2007-200933. 2 F5;>< ?>2KA8;8AL, =01;N405BAO ?>;>68B5;L=0O 48=0<8:0. "0:, @5=B015;L=>ABL 2=5>1>@>B=KE 0:B82>2 2K@>A;0 =0 19,39%, @5=B015;L=>ABL 8=25AB8F89  =0 3,15%, @5=B015;L=>ABL A>1AB25==>3> :0?8B0;0  =0 1338,91%. 57=0G8B5;L=> C<5=LH8;0AL @5=B015;L=>ABL ?@>406  =0 0,26%, 0 B0:65 @5=B015;L=>ABL B5:CI8E 0:B82>2  =0 4,67%.  F5;>< <>6=> >B<5B8BL, GB> ?>:070B5;8 @5=B015;L=>AB8  .. =0E>4OBAO =0 4>AB0B>G=> 2KA>:>< C@>2=5. 0;55 ?@>2545< D0:B>@=K9 0=0;87 42CE >A=>2=KE ?>:070B5;59 @5=B015;L=>AB8  .. - @5=B015;L=>ABL ?@>406 8 @5=B015;L=>ABL 0:B82>2. =0;87 ?@>2545< 70 2007-200833. 8 70 2008-200933. $0:B>@=K9 0=0;87 @5=B015;L=>ABL ?@>406 70 2008-200933. ;O ?@>2545=8O D0:B>@=>3> 0=0;870 @5=B015;L=>AB8 ?@>406 1C45< 8A?>;L7>20BL A;54CNICN <>45;L: EMBED Equation.3 345 '  G8AB0O ?@81K;L;  - 2K@CG:0 >B ?@>4068 B>20@>2, ?@>4C:F88, @01>B, CA;C3; ! - A515AB>8<>ABL ?@>40==KE B>20@>2, ?@>4C:F88, @01>B, CA;C3;   - :><<5@G5A:85 @0AE>4K;   ?@>G85 4>E>4K;    ?@>G85 @0AE>4K; ?  =0;>3 =0 ?@81K;L. 'B>1K >?@545;8BL, :0: :064K9 D0:B>@ ?>2;8O; =0 @5=B015;L=>ABL ?@>406, =5>1E>48<> >ACI5AB28BL A;54CNI85 @0AG5BK. 1. ;8O=85 87<5=5=8O 2K@CG:8 >B ?@>4068: & & & & .. 2. ;8O=85 87<5=5=8O A515AB>8<>AB8 ?@>406: & & & & & & 3. ;8O=85 87<5=5=8O :><<5@G5A:8E @0AE>4>2: & & & & & . 4. ;8O=85 87<5=5=8O ?@>G8E 4>E>4>2: & & & . & & & & & $0:B>@=K9 0=0;87 @5=B015;L=>ABL ?@>406 70 2007-200833. 1. ;8O=85 87<5=5=8O 2K@CG:8 >B ?@>4068: 2. ;8O=85 87<5=5=8O A515AB>8<>AB8 ?@>406: 3. ;8O=85 87<5=5=8O :><<5@G5A:8E @0AE>4>2: 4. ;8O=85 87<5=5=8O ?@>G8E 4>E>4>2: 5. ;8O=85 87<5=5=8O ?@>G8E @0AE>4>2: 6. ;8O=85 87<5=5=8O =0;>30 =0 ?@81K;L: !>2>:C?=>5 2;8O=85 D0:B>@>2 A>AB02;O5B: EMBED Equation.3 EMBED Equation.3 "0:8< >1@07><, 70 2007-200833. @5=B015;L=>ABL ?@>406 A=878;0AL =0 2,8%, 2 B.G. 70 AG5B 2K@CG:8 (+30,3%), A515AB>8<>AB8 (-8,8%), :><<5@G5A:8E @0AE>4>2 (-23,3%), ?@>G8E @0AE>4>2 (-1,1%), =0;>30 =0 ?@81K;L (+0,1%). $0:B>@=K9 0=0;87 @5=B015;L=>ABL 0:B82>2 70 2008-200933. ;O ?@>2545=8O D0:B>@=>3> 0=0;870 @5=B015;L=>AB8 8=25AB8F89 (0:B82>2) 1C45< 8A?>;L7>20BL A;54CNICN <>45;L: EMBED Equation.3 'B>1K >?@545;8BL, :0: :064K9 D0:B>@ ?>2;8O; =0 @5=B015;L=>ABL 0:B82>2, =5>1E>48<> >ACI5AB28BL A;54CNI85 @0AG5BK. 1. 7<5=5=85 @5=B015;L=>AB8 0:B82>2 70 AG5B 87<5=5=8O >1>@0G8205<>AB8 0:B82>2: 2. 7<5=5=85 @5=B015;L=>AB8 0:B82>2 70 AG5B 87<5=5=8O @5=B015;L=>AB8 ?@>406: !>2>:C?=>5 2;8O=85 D0:B>@>2 A>AB02;O5B: "0:8< >1@07><, 2 2008-200933. @5=B015;L=>ABL 0:B82>2  .. 2K@>A;0 2 F5;>< =0 12,2%. -B> ?@>87>H;> 2 @57C;LB0B5 2>7459AB28O 42CE D0:B>@>2: 87<5=5=8O @5=B015;L=>AB8 ?@>406 8 >1>@0G8205<>AB8 0:B82>2. 0 AG5B 87<5=5=8O >1>@0G8205<>AB8 0:B82>2 @5=B015;L=>ABL 0:B82>2 C?0;0 =0 0,1%, 70 AG5B 87<5=5=8O @5=B015;L=>AB8 ?@>406 @5=B015;L=>ABL 0:B82>2 2K@>A;0 =0 12,3%. $0:B>@=K9 0=0;87 @5=B015;L=>ABL 0:B82>2 70 2007-200833. 1. 7<5=5=85 @5=B015;L=>AB8 0:B82>2 70 AG5B 87<5=5=8O >1>@0G8205<>AB8 0:B82>2: 2. 7<5=5=85 @5=B015;L=>AB8 0:B82>2 70 AG5B 87<5=5=8O @5=B015;L=>AB8 ?@>406: !>2>:C?=>5 2;8O=85 D0:B>@>2 A>AB02;O5B: "0:8< >1@07><, 2 2007-200833. @5=B015;L=>ABL 0:B82>2  .. A=878;0AL 2 F5;>< =0 9,0%. 0 AG5B 87<5=5=8O >1>@0G8205<>AB8 0:B82>2 @5=B015;L=>ABL 0:B82>2 2K@>A;0 =0 3,9%, 70 AG5B 87<5=5=8O @5=B015;L=>AB8 ?@>406 @5=B015;L=>ABL 0:B82>2 A=878;0AL =0 12,9%. F5=8< ?>;>68B5;L=>5 8 >B@8F0B5;L=>5 2;8O=85 D0:B>@>2 =0 @5=B015;L=>ABL  .. . F5=:0 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL ?@>406 ?@54AB02;5=0 2 B01;.8. "01;8F0 8 - F5=:0 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL ?@>406  .. >:070B5;8 5@8>4 ?@>2545=8O D0:B>@=>3> 0=0;8702007-200833.2008-200933. 5=B015;L=>ABL ?@>406! =0 2,8%! =0 2,5%>2545=85 D0:B>@>2, ?>2;8O2H8E =0 @5=B015;L=>ABL ?@>406K@CG:0 >B @50;870F88 ?@>4C:F88! =0 45,7%! =0 11,7%!515AB>8<>ABL @50;870F88 ?@>4C:F88! =0 53,6%! =0 7,1%><<5@G5A:85 @0AE>4K! =0 42,8%! =0 13,9%@>G85 4>E>4K! =0 55,6%! =0 150%@>G85 @0AE>4K! =0 68,9%! =0 18,7%"5:CI89 =0;>3 =0 ?@81K;L! =0 17,2%! =0 79,3%;8O=85 D0:B>@>2 =0 @5=B015;L=>ABL ?@>406K@CG:0 >B @50;870F88 ?@>4C:F88+30,3%+10,4%!515AB>8<>ABL @50;870F88 ?@>4C:F88-23,3%-4,2%><<5@G5A:85 @0AE>4K-8,8%-3,6%@>G85 4>E>4K0%0%@>G85 @0AE>4K-1,1%+0,4%"5:CI89 =0;>3 =0 ?@81K;L+0,1%-0,5% 0: ?>:07K20NB 40==K5 B01;.8. @5=B015;L=>ABL ?@>406  .. 70 2007-200833. A=878;0AL =0 2,8%, 2 B>< G8A;5 70 AG5B @>AB0 2K@CG:8 (+30,3%), @>AB0 A515AB>8<>AB8 (-8,8%), @>AB0 :><<5@G5A:8E @0AE>4>2 (-23,3%), @>AB0 ?@>G8E @0AE>4>2 (-1,1%), A=865=8O =0;>30 =0 ?@81K;L (+0,1%). 57=0G8B5;L=>5 A=865=85 ?@>G8E 4>E>4>2 =5 >:070; ACI5AB25==>3> 2;8O=8O =0 87<5=5=85 @5=B015;L=>AB8 ?@>406. "0:8< >1@07><, 2 2007-200833. =0 @5=B015;L=>ABL ?@>406  .. ?>;>68B5;L=> ?>2;8O; @>AB 2K@CG:8 >B @50;870F88 ?@>4C:F88 (=0 45,7%) 8 A=865=85 =0;>30 =0 ?@81K;L (=0 17,2%). B@8F0B5;L=>5 2;8O=85 =0 @5=B015;L=>ABL ?@>406  .. 2 2007-200833. >:070;8 @>AB A515AB>8<>AB8 (=0 42,8%), @>AB :><<5@G5A:8E @0AE>4>2 (=0 53,6%), @>AB ?@>G8E @0AE>4>2 (=0 68,9%).  3@0D8G5A:>< 2845 @57C;LB0BK >F5=:8 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL ?@>406  .. 2 2007-200833. ?@54AB02;5=K =0 @8A.7. & & & & & . 8A.7. F5=:0 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL ?@>406  .. 2 2007-200833., % 5=B015;L=>ABL ?@>406  .. 70 2008-200933. 2K@>A;0 =0 2,5%, 2 B>< G8A;5 70 AG5B @>AB0 2K@CG:8 (+10,4%), @>AB0 A515AB>8<>AB8 (-4,2%), @>AB0 :><<5@G5A:8E @0AE>4>2 (-3,6%), A=865=8O ?@>G8E @0AE>4>2 (+0,4%), @>AB0 =0;>30 =0 ?@81K;L (-0,5%). 57=0G8B5;L=K9 @>AB ?@>G8E 4>E>4>2 =5 >:070; ACI5AB25==>3> 2;8O=8O =0 87<5=5=85 @5=B015;L=>AB8 ?@>406. "0:8< >1@07><, 2 2008-200933. =0 @5=B015;L=>ABL ?@>406  .. ?>;>68B5;L=> ?>2;8O; @>AB 2K@CG:8 >B @50;870F88 ?@>4C:F88 (=0 11,7%) 8 A=865=85 ?@>G8E @0AE>4>2 (=0 18,7%), B@8F0B5;L=>5 2;8O=85 =0 @5=B015;L=>ABL ?@>406  .. 2 2008-200933. >:070;8 @>AB A515AB>8<>AB8 (=0 7,1%), @>AB :><<5@G5A:8E @0AE>4>2 (=0 13,9%), @>AB =0;>30 =0 ?@81K;L (=0 79,3%).  3@0D8G5A:>< 2845 @57C;LB0BK >F5=:8 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL ?@>406  .. 2 2008-200933. ?@54AB02;5=K =0 @8A.2.13. & & & & & & & & & .. 8A.8. F5=:0 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL ?@>406  .. 2 2008-200933., % 081>;LH5 2;8O=85 =0 87<5=5=85 @5=B015;L=>AB8 ?@>406 >:070;8 2K@CG:0 >B @50;870F88 ?@>4C:F88, A515AB>8<>ABL 8 :><<5@G5A:85 @0AE>4K. B@8F0B5;L=>5 2;8O=85 =0 @5=B015;L=>ABL ?@>406 2 >A=>2=>< >:070; @>AB A515AB>8<>AB8. F5=:0 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL 0:B82>2 ?@54AB02;5=0 2 B01;.9. "01;8F0 9 - F5=:0 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL 0:B82>2  .. >:070B5;8 5@8>4 ?@>2545=8O D0:B>@=>3> 0=0;8702007-200833.2008-200933. 5=B015;L=>ABL 0:B82>2! =0 9,0%! =0 12,2%>2545=85 D0:B>@>2, ?>2;8O2H8E =0 @5=B015;L=>ABL 0:B82>2- >1>@0G8205<>ABL 0:B82>2! =0 1,1 >1>@>B0! =0 0,1 >1>@>B0- @5=B015;L=>ABL ?@>406! =0 2,75%! =0 2,49%;8O=85 D0:B>@>2 =0 @5=B015;L=>ABL 0:B82>2- >1>@0G8205<>ABL 0:B82>2+ 3,9%-0,1%- @5=B015;L=>ABL ?@>406-12,9%+12,3% 0: ?>:07K20NB 40==K5 B01;.9, @5=B015;L=>ABL 0:B82>2  .. 70 2007-200833. A=878;0AL =0 9,0%, 2 B>< G8A;5 70 AG5B @>AB0 >1>@0G8205<>AB8 0:B82>2 @5=B015;L=>ABL 0:B82>2 2K@>A;0 =0 3,9%, 0 70 AG5B A=865=8O @5=B015;L=>AB8 ?@>406 @5=B015;L=>ABL 0:B82>2 A>:@0B8;0AL =0 12,9%. "0:8< >1@07><, 2 2007-200833. =0 @5=B015;L=>ABL 0:B82>2  .. ?>;>68B5;L=> ?>2;8O; @>AB >1>@0G8205<>AB8 0:B82>2 (=0 1,1 >1>@>B0), >B@8F0B5;L=>5 2;8O=85 >:070;> A=865=85 @5=B015;L=>AB8 ?@>406 (=0 2,75%).  3@0D8G5A:>< 2845 @57C;LB0BK >F5=:8 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL 0:B82>2  .. 2 2007-200833. ?@54AB02;5=K =0 @8A.9. & & & & & & & & & & & & & .. 8AC=>: 9 - F5=:0 2;8O=8O D0:B>@>2 =0 @5=B015;L=>ABL 0:B82>2  .. 2 2007-200833., % 5=B015;L=>ABL 0:B82>2  .. 70 2008-200933. 2K@>A;0 =0 12,2%, 2 B>< G8A;5 70 AG5B @>AB0 >1>@0G8205<>AB8 0:B82>2 @5=B015;L=>ABL 0:B82>2 A>:@0B8;0AL =0 0,1%, 0 70 AG5B @>AB0 @5=B015;L=>AB8 ?@>406 @5=B015;L=>ABL 0:B82>2 2K@>A;0 =0 12,3%. 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