ࡱ> `kbjbjss.; (  ,,,@JJJ8JK@T^L*O*O@O@O@O6RSps]u]u]u]u]u]u]$4`hbb]u,T@O@OTT],,@O@O^YYYT ,@O,@Os]YTs]YY\,,\@OL AJUD\\|$^0T^\,bWb\b,\,S0S"YSSSSS]]YXSSST^TTTT@@@&.@@@.@@@,,,,,, !>45@60=85  TOC \o "1-3" \h \z \u   HYPERLINK \l "_Toc126506856" 2545=85  PAGEREF _Toc126506856 \h 2  HYPERLINK \l "_Toc126506857" 1. "5>@5B8G5A:85 >A=>2K 0=0;870 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O  PAGEREF _Toc126506857 \h 5  HYPERLINK \l "_Toc126506858" 1.1 !CI=>ABL D8=0=A>2>3> 0=0;870  PAGEREF _Toc126506858 \h 5  HYPERLINK \l "_Toc126506859" 1.2 040G8 0=0;870 D8=0=A>2>3> A>AB>O=8O  PAGEREF _Toc126506859 \h 9  HYPERLINK \l "_Toc126506860" 2. =0;87 D8=0=A>2>3> A>AB>O=8O  ;LD0  PAGEREF _Toc126506860 \h 10  HYPERLINK \l "_Toc126506861" 2.1 @30=870F8>==0O E0@0:B5@8AB8:0  ;LD0  PAGEREF _Toc126506861 \h 10  HYPERLINK \l "_Toc126506862" 2.2 =0;87 10;0=A0  ;LD0  PAGEREF _Toc126506862 \h 12  HYPERLINK \l "_Toc126506863" 2.3 =0;87 ?@>872>4AB25==>3> ?>B5=F80;0  PAGEREF _Toc126506863 \h 17  HYPERLINK \l "_Toc126506865" 2.4 =0;87 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8  PAGEREF _Toc126506865 \h 20  HYPERLINK \l "_Toc126506866" 2.5 =0;87 @5=B015;L=>AB8  PAGEREF _Toc126506866 \h 27  HYPERLINK \l "_Toc126506867" 0:;NG5=85  PAGEREF _Toc126506867 \h 31  HYPERLINK \l "_Toc126506869" !?8A>: 8A?>;L7>20==>9 ;8B5@0BC@K  PAGEREF _Toc126506869 \h 36  HYPERLINK \l "_Toc126506872" @8;>65=85 1  CE30;B5@A:89 10;0=A  ;LD0 70 2004 3>4  PAGEREF _Toc126506872 \h 38  HYPERLINK \l "_Toc126506874" @8;>65=85 2  CE30;B5@A:89 10;0=A  ;LD0 70 2005 3>4  PAGEREF _Toc126506874 \h 41  HYPERLINK \l "_Toc126506876" @8;>65=85 3 - BG5B > ?@81K;OE 8 C1KB:0E  ;LD0 70 2004 3>4  PAGEREF _Toc126506876 \h 45  HYPERLINK \l "_Toc126506880" @8;>65=85 6 - BG5B > ?@81K;OE 8 C1KB:0E  ;LD0 70 2005 3>4  PAGEREF _Toc126506880 \h 46  2545=85  =0AB>OI55 2@5<O, :>340 @K=>G=K5 >B=>H5=8O 70=8<0NB 4>AB0B>G=> 206=>5 <5AB> 2 A8AB5<5 D>@<8@>20=8O 4>E>4=>9 G0AB8 1N465B0 AB@0=K, >A>15==> =5>1E>48<> C45;OBL 2=8<0=85 :>=:C@5=B>A?>A>1=>AB8 ?@>4C:F88 8 CA;C3 =0 >A=>25 2=54@5=8O 4>AB865=89 =0CG=>-B5E=8G5A:>3> ?@>3@5AA0, MDD5:B82=>AB8 D>@< E>7O9AB2>20=8O 8 C?@02;5=8O ?@>872>4AB2><, 2 A2O78 A MB8< B@51C5BAO ?>2KH5=85 MDD5:B82=>AB8 ?@>872>4AB20, 0:B82870F8O ?@54?@8=8<0B5;LA:>9 45OB5;L=>AB8, @0728B85 A8AB5<K ?@54;0305<KE B>20@>2 8 CA;C3 8 4@C385 <>B82K, A?>A>1AB2CNI85 1>;55 1;03>?@8OB=>9 >1AB0=>2:5 2 AB@0=5. / AG8B0N, GB> B5<0 25AL<0 0:BC0;L=0, 2 A2O78 A B5<, GB> 4;O MDD5:B82=>3> C?@02;5=8O ?@54?@8OB85< =5>1E>48<> 3@0<>B=>5 C?@02;5=85 53> 45OB5;L=>ABLN, A?>A>1=>AB8 8 C<5=85 0=0;878@>20BL 8 ?@8=8<0BL 25@=K5 @5H5=8O. A=>2=0O F5;L D8=0=A>2>3> 0=0;870 - ?>;CG5=85 =51>;LH>3> G8A;0 :;NG52KE ?0@0<5B@>2, 40NI8E >1J5:B82=CN :0@B8=C D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O, 53> ?@81K;59 8 C1KB:>2, 87<5=5=89 2 AB@C:BC@5 0:B82>2 8 ?0AA82>2. $8=0=A>2K9 0=0;87 ?>72>;O5B 2KO28BL =081>;55 @0F8>=0;L=K5 =0?@02;5=8O @0A?@545;5=8O <0B5@80;L=KE, B@C4>2KE 8 D8=0=A>2KE @5AC@A>2. ;03>40@O 0=0;87C <K 8<55< 2>7<>6=>ABL 8AA;54>20BL ?;0=>2K5, D0:B8G5A:85 40==K5, 2KO2;OBL @575@2K ?>2KH5=8O MDD5:B82=>AB8 ?@>872>4AB20, >F5=820BL @57C;LB0BK 45OB5;L=>AB8, ?@8=8<0BL C?@02;5=G5A:85 @5H5=8O, 2K@010BK20BL AB@0B538N @0728B8O ?@54?@8OB8O. =0;87>< D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O, >@30=870F88 70=8<0NBAO @C:>2>48B5;8 8 A>>B25BAB2CNI85 A;C61K, B0: 65 CG@548B5;8, 8=25AB>@K A F5;LN 87CG5=8O MDD5:B82=>AB8 8A?>;L7>20=8O @5AC@A>2. 1J5:B>< 8AA;54>20=8O @01>BK 2KABC?05B 1I5AB2> A >3@0=8G5==>9 >B25BAB25==>ABL !B@>9<0@:5B, :>B>@>5 O2;O5BAO @>7=8G=K< B>@3>2F5< AB@>8B5;L=KE <0B5@80;>2. @54<5B>< 8AA;54>20=8O @01>BK 2KABC?05B D8=0=A>2>5 A>AB>O=85 ?@54?@8OB8O, 8 53> =5?>A@54AB25==K9 0=0;87. "0:8< >1@07><, F5;L @01>BK A>AB>8B 2 87CG5=88 0=0;870 D8=0=A>2>3> A>AB>O=8O >@30=870F88 =0 ?@8<5@5  ;LD0. AE>4O 87 ?>AB02;5==>9 F5;8, <>6=> 2K45;8BL A;54CNI85 7040G8: 1. <5B>4>;>38G5A:0O - 70:;NG05BAO 2 B><, GB> 2K45;ONB =5A:>;L:> <5B>4>2 >ACI5AB2;5=8O 0=0;870 D8=0=A>2>3> A>AB>O=8O, 0 8<5==>: >@87>=B0;L=K9 (2@5<5==K9) 0=0;87 ?>72>;O5B >ACI5AB28BL A@02=5=85 :064>9 ?>78F88 A ?@54K4CI8< ?5@8>4><. 5@B8:0;L=K9 (AB@C:BC@=K9) 0=0;87 ?>72>;O5B >?@545;8BL AB@C:BC@C 8B>3>2KE D8=0=A>2KE ?>:070B5;59 A 2KO2;5=85< 2;8O=8O :064>9 ?>78F88 >BG5B=>AB8 =0 @57C;LB0B 2 F5;><. =0;87 >B=>A8B5;L=KE ?>:070B5;59 (:>MDD8F85=B>2) ?>72>;O5B >ACI5AB28BL @0AG5B >B=>H5=89 40==KE >BG5B=>AB8, >?@545;8BL 2708<>A2O78 ?>:070B5;59. $0:B>@=K9 0=0;87 ?>72>;O5B >?@545;8BL 2;8O=85 >B45;L=KE D0:B>@>2 (?@8G8=) =0 @57C;LB0B82=K9 ?>:070B5;L A ?><>ILN @07;8G=KE ?@85<>2 8AA;54>20=8O. !@02=8B5;L=K9 (?@>AB@0=AB25==K9) 0=0;87 <>65B >ACI5AB2;OBLAO :0: 2=CB@8 ?@54?@8OB8O (A@02=5=85 2=CB@8E>7O9AB25==>5 ?> >B45;L=K< ?>:070B5;O< E>7O9AB2CNI53> AC1J5:B0), B0: 8 2=5. 2. =0;8B8G5A:0O 7040G0  =0 >A=>20=88 8<5NI53>AO ?@54?@8OB8O, :>B>@>5 2K1@0=> 2 :0G5AB25 >1J5:B0 8AA;54>20=8O 2 @01>B5 ?@>2>48BAO 0=0;87: - 10;0=A0 - ?@>872>4AB25==>3> ?>B5=F80;0 -;8:284=>AB8, ?;0B565A?>A>1=>AB8 - @5=B015;L=>AB8 - D0:B>@=K9 0=0;87 D8=0=A>2>3> A>AB>O=8O. 3. 0AG5B=>  ?@0:B8G5A:0O 7040G0 70:;NG05BAO 2 2KO2;5=88 >?@545;5==KE 40==KE ?> A>AB>O=8N ?@54?@8OB8O, 8 @07@01>B:0 =0 8E >A=>25 <5B>48G5A:8E @5:><5=40F89 ?> C;CGH5=8N A8AB5<K D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O. =D>@<0F8>==>9 >A=>2=>9 40==>9 @01>BK ?>A;C68;8 @01>BK B0:8E 02B>@>2, :0:: !028F:0O .., >20;52 .., (5@5<5B ., 8 @01>BK 4@C38E 02B>@>2. 1. "5>@5B8G5A:85 >A=>2K 0=0;870 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O 1.1 !CI=>ABL D8=0=A>2>3> 0=0;870 57C;LB0BK 0=0;870 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O 8<55B ?5@2>AB5?5==>5 7=0G5=85 4;O H8@>:>3> :@C30 ?>;L7>20B5;59, :0: 2=CB@5==8E, B0: 8 2=5H=8E ?> >B=>H5=8N : ?@54?@8OB8N - <5=5465@>2, ?0@B=5@>2, 8=25AB>@>2 8 :@548B>@>2. ;O 2=CB@5==8E ?>;L7>20B5;59, : :>B>@K< 2 ?5@2CN >G5@54L >B=>AOBAO @C:>2>48B5;8 ?@54?@8OB8O, @57C;LB0BK D8=0=A>2>3> 0=0;870 =5>1E>48<K 4;O >F5=:8 45OB5;L=>AB8 ?@54?@8OB8O 8 ?>43>B>2:8 @5H5=89 > :>@@5:B8@>2:5 D8=0=A>2>9 ?>;8B8:8 ?@54?@8OB8O. ;O 2=5H=8E ?>;L7>20B5;59 - ?0@B=5@>2, 8=25AB>@>2 8 :@548B>@>2 - 8=D>@<0F8O > ?@54?@8OB88 =5>1E>48<0 4;O ?@8=OB8O @5H5=89 > @50;870F88 :>=:@5B=KE ?;0=>2 2 >B=>H5=88 40==>3> ?@54?@8OB8O (?@8>1@5B5=85, 8=25AB8@>20=85, 70:;NG5=85 4;8B5;L=KE :>=B@0:B>2).  0=0;875 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O 708=B5@5A>20=K <=>385 ?>B@518B5;8 8=D>@<0F88: @C:>2>48B5;8 ?@54?@8OB8O 8 53> CG@548B5;8, 0 B0:65 8=25AB>@K - 4;O :>=B@>;O 70 MDD5:B82=>ABLN 8A?>;L7>20=8O D8=0=A>2KE @5AC@A>2 8 8=25AB8F89; :@548B=K5 CG@5645=8O - 4;O >?@545;5=8O CA;>289 :@548B>20=8O 8 AB5?5=8 @8A:0; ?>AB02I8:8 - 4;O >15A?5G5=8O A2>52@5<5==KE @0AG5B>2 70 ?>AB02;5==K5 <0B5@80;L=K5 F5==>AB8; =0;>3>2K5 A;C61K - 4;O >15A?5G5=8O ?>ABC?;5=8O =0;>3>2KE ?;0B5659 2 1N465B 8 B.4. ////////////////// D0:B>@=K9 0=0;87  0=0;87 2;8O=8O >B45;L=KE D0:B>@>2 (?@8G8=) =0 @57C;LB0B82=K9 ?>:070B5;L. ;025=AB2CNI55 <5AB> ?@8 0=0;875 D8=0=A>2>3> A>AB>O=8O 70=8<05B: 1) 87CG5=85 AB@C:BC@K B>3> 8;8 8=>3> ?>:070B5;O; 2) E0@0:B5@8AB8:0 48=0<8:8 ?>:070B5;O; 3) >F5=:0 8 8AA;54>20=85 D0:B>@>2, 2;8ONI8E =0 87<5=5=8O >A=>2=KE ?>:070B5;59, 8E A>AB02 8 48=0<8:C 87<5=5=8O.  ?>A;54=55 2@5<O, 2 A2O78 A ?>2A5<5AB=K< 2=54@5=85< 2KG8A;8B5;L=>9 B5E=8:8 ?@>F5AA 0=0;870 D8=0=A>2>3> ?>;>65=8O :><<5@G5A:>3> ?@54?@8OB8O 7=0G8B5;L=> C?@>AB8;AO. N1>9 3@0<>B=K9 M:>=><8AB 8A?>;L7C5B AB0=40@B=K5 M;5:B@>==K5 B01;8FK 8 2 A>AB>O=88 =0?8A0BL ?@>3@0<<K @0AG5B0 D8=0=A>2KE ?>:070B5;59 8 B5< A0<K< 871028BL A51O >B <>=>B>==>9 @0AG5B=>9 G0AB8 8 A>A@54>B>G8BAO =5?>A@54AB25==> =0 0=0;875 8 ?@>3=>75. 45AL A;54C5B >B<5B8BL, GB> CA?5E 0=0;870 8 ?@>3=>70 2 7=0G8B5;L=>9 AB5?5=8 7028A8B >B ?>;=>BK 8 4>AB>25@=>AB8 8=D>@<0F88. //////////// 1.2 040G8 0=0;870 D8=0=A>2>3> A>AB>O=8O =0;87 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O ?@5A;54C5B =5A:>;L:> F5;59: ->?@545;5=85 D8=0=A>2>3> ?>;>65=8O; -2KO2;5=85 87<5=5=89 2 D8=0=A>2>< A>AB>O=88 2 ?@>AB@0=AB25==>-2@5<5==>< @07@575; -2KO2;5=85 >A=>2=KE D0:B>@>2, 2K7K20NI8E 87<5=5=8O 2 D8=0=A>2>< A>AB>O=88; -?@>3=>7 >A=>2=KE B5=45=F89 D8=0=A>2>3> A>AB>O=8O. $8=0=A>2>5 A>AB>O=85 E>7O9AB2CNI53> AC1J5:B0 MB> E0@0:B5@8AB8:0 53> D8=0=A>2>9 :>=:C@5=B>A?>A>1=>AB8 (B.5. ?;0B565A?>A>1=>AB8, :@548B>A?>A>1=>AB8), 8A?>;L7>20=8O D8=0=A>2KE @5AC@A>2 8:0?8B0;0, 2K?>;=5=8O >1O70B5;LAB2 ?5@54 3>AC40@AB2>< 84@C38<8 E>7O9AB2CNI8<8 AC1J5:B0<8. $8=0=A>2>5 A>AB>O=85 E>7O9AB2CNI53> AC1J5:B0 2:;NG05B 0=0;87: 4>E>4=>AB8 8@5=B015;L=>AB8; D8=0=A>2>9 CAB>9G82>AB8; :@548B>A?>A>1=>AB8; 8A?>;L7>20=8O :0?8B0;0; 20;NB=>9 A0<>>:C?05<>AB8. A=>2=K<8 7040G0<8 0=0;870 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O O2;ONBAO: ////////////// 2. =0;87 D8=0=A>2>3> A>AB>O=8O  ;LD0 2.1 @30=870F8>==0O E0@0:B5@8AB8:0  ;LD0 1I5AB2> A >3@0=8G5==>9 >B25BAB25==>ABLN !B@>9<0@:5B 1K;> 70@538AB@8@>20=> 2 2001 3>4C, 2 F5;OE =0AKI5=8O ?>B@518B5;LA:>3> @K=:0 B>20@0<8 8 CA;C30<8, 0 B0:65 872;5G5=8O ?@81K;8 2 8=B5@5A0E CG0AB=8:>2.  ;LD0 O2;O5BAO N@848G5A:8< ;8F><: 8<55B 2 A>1AB25==>AB8 >1>A>1;5==>5 8<CI5AB2>, CG8BK205<>5 =0 A0<>AB>OB5;L=>< 10;0=A5, <>65B >B A2>53> 8<5=8 ?@8>1@5B0BL 8 >ACI5AB2;OBL 8<CI5AB25==K5 8 ;8G=K5 =58<CI5AB25==K5 ?@020, =5AB8 >1O70==>AB8, 1KBL 8ABF>< 8 >B25BG8:>< 2 AC45.  ;LD0 >ACI5AB2;O5B A;54CNI85 284K 45OB5;L=>AB8: 1) <0@:5B8=3>20O 45OB5;L=>ABL; 2) B>@3>2>-70:C?>G=0O 8 ?>A@54=8G5A:0O 45OB5;L=>ABL; 3) >@30=870F8O >?B>2>9 8 @>7=8G=>9 B>@3>2;8, 0 B0:65 ?CB5< A>740=8O :><<5@G5A:8E 8 :><8AA8>==KE <03078=>2 2 CAB0=>2;5==>< 70:>=>< ?>@O4:5; 4) M:A?>@B=>-8<?>@B=K5 >?5@0F88, 8=0O 2=5H=5M:>=><8G5A:0O 45OB5;L=>ABL 2 A>>B25BAB288 A 459AB2CNI8< 70:>=>40B5;LAB2><.  ;LD0 A0<>AB>OB5;L=> >@30=87C5B 8 >15A?5G8205B A2>N B@C4>2CN, D8=0=A>2CN, E>7O9AB25==CN 8 8=K5 284K 45OB5;L=>AB8, @07@010BK205B =5>1E>48<K5 4;O MB>3> 2=CB@5==85 ?>;>65=8O 8 4@C385 0:BK ;>:0;L=>3> E0@0:B5@0. !0<>AB>OB5;L=> 70:;NG05B 8 :>=B@>;8@C5B 8A?>;=5=85 E>7O9AB25==KE 8 4@C38E 4>3>2>@>2 A> 2A5<8 2840<8 >@30=870F89, ?@54?@8OB89 8 CG@5645=89, 0 B0:65 G0AB=K<8 ;8F0<8. //////////////// 2.2 =0;87 10;0=A0  ;LD0 A=>2=>9 >D8F80;L=K9 4>:C<5=B, 8A?>;L7C5<K9 4;O 0=0;870 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O, O2;O5BAO 1CE30;B5@A:89 10;0=A. 0;0=A ?>72>;O5B ?>;CG8BL >A=>2=CN 8=D>@<0F8N, =5>1E>48<CN 4;O 2=5H=53> 0=0;870. =CB@5==89 0=0;87 B@51C5B @0AH8D@>2:8 <=>38E ?>:070B5;59 10;0=A0. ;O >F5=:8 8 ?@>3=>78@>20=8O D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O =5>1E>48<> C<5BL G8B0BL 10;0=A 8 E>@>H> 2;045BL <5B>48:>9 53> 0=0;870. #<5BL G8B0BL 10;0=A - MB> 7=0G8B 7=0BL A>45@60=85 :064>9 53> AB0BL8, A?>A>1K 55 >F5=:8 8 2708<>A2O7L A 4@C38<8 AB0BLO<8 10;0=A0, E0@0:B5@ 2>7<>6=KE 87<5=5=89 ?> :064>9 AB0BL5 8 8E 2;8O=85 =0 D8=0=A>2>5 ?>;>65=85 ?@54?@8OB8O, 53> ?;0B565A?>A>1=>ABL. ;O >1I59 >F5=:8 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O A>AB02;ONB C?;>B=5==K9 10;0=A, 2 :>B>@>< >1J548=ONB 2 3@C??K >4=>@>4=K5 AB0BL8. @8 MB>< A>:@0I05BAO G8A;> AB0B59 10;0=A0, GB> ?>2KH05B 53> =03;O4=>ABL 8 ?>72>;O5B A@02=820BL A 10;0=A0<8 4@C38E ?@54?@8OB89. 0;0=A-=5BB>  MB> 10;0=A, >G8I5==K9 >B @53C;8@CNI8E AB0B59. A:;NG5=85 87 =53> @53C;8@CNI8E AB0B59 =07K205BAO 53> >G8AB:>9. 0;0=A =5BB>, :0: ?@028;>, A>AB02;O5BAO ?@8 0=0;875 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O. >@87>=B0;L=K9 0=0;87 70:;NG05BAO 2 ?>AB@>5=88 >4=>3> 8;8 =5A:>;L:8E 0=0;8B8G5A:8E B01;8F, 2 :>B>@KE 01A>;NB=K5 10;0=A>2K5 ?>:070B5;8 4>?>;=ONBAO >B=>A8B5;L=K<8 B5<?0<8 @>AB0 (A=865=8O). &5==>ABL @57C;LB0B>2 3>@87>=B0;L=>3> 0=0;870 ACI5AB25==> A=8605BAO 2 CA;>28OE 8=D;OF88, => MB8 40==K5 <>6=> 8A?>;L7>20BL ?@8 <56E>7O9AB25==KE A@02=5=8OE. &5;L 3>@87>=B0;L=>3> 0=0;870 A>AB>8B 2 B><, GB>1K 2KO28BL 01A>;NB=K5 8 >B=>A8B5;L=K5 87<5=5=8O 25;8G8= @07;8G=KE AB0B59 10;0=A0 70 >?@545;5==K9 ?5@8>4, 40BL >F5=:C MB8< 87<5=5=8O<. > 40==K<, ?@54AB02;5==K< 2 @8;>65=88 !1 8 @8;>65=88 !2 ?@>2545< 3>@87>=B0;L=K9 0=0;87 10;0=A0  ;LD0. "01;8F0 1 - >@87>=B0;L=K9 0=0;87 10;0=A0  ;LD0 ///////////////// 0: A;54C5B 87 3>@87>=B0;L=>3> 0=0;870 10;0=A0, 20;NB0 10;0=A0 2K@>A;0 =0 6,42%, 2 G0AB8 AB0B59 0:B82>2 ?@>87>H5; @>AB >1>@>B=KE 0:B82>2 =0 11,12%, 2 B> 2@5<O :0: 2=5>1>@>B=K5 0:B82K ?>2KA8;8AL =0 3,04%. 57=0G8B5;L=K9 @>AB 2=5>1>@>B=KE 0:B82>2 ?@>87>H;> 87-70 ?>2KH5=8O =5<0B5@80;L=KE 0:B82>2 =0 44%, 8 A=865=85 40==>3> ?>:070B5;O 87-70 ?045=8O =57025@H5==>3> ?@>872>4AB20 2 0:B820E :><?0=88 =0 24,23%. ///////////// &5;L 25@B8:0;L=>3> 0=0;870 70:;NG05BAO 2 @0AG5B5 C45;L=>3> 25A0 >B45;L=KE AB0B59 2 8B>35 10;0=A0 8 >F5=:5 53> 87<5=5=89. ! ?><>ILN 25@B8:0;L=>3> 0=0;870 <>6=> ?@>2>48BL <56E>7O9AB25==K5 A@02=5=8O ?@54?@8OB89, 0 >B=>A8B5;L=K5 ?>:070B5;8 A3;06820NB =530B82=>5 2;8O=85 8=D;OF8>==KE ?@>F5AA>2. "01;8F0 2- 5@B8:0;L=K9 (AB@C:BC@=K9) 0=0;87 10;0=A0  ;LD0 ///////////// @>8AE>48B A=865=85 2=5>1>@>B=KE 0:B82>2 A 38,7% 4> 36%, 2 G0AB=>AB8 A=865=85 >A=>2=KE A@54AB2 A 29,43 4> 28,3% 2 2005 3>4C >:070;> 7=0G8B5;L=>5 2;8O=85. 4=>2@5<5==> 2 0:B825 10;0=A0 ?@>8AE>48B @>AB >1>@>B=KE 0:B82>2 A 61,3% 4> 64%, GB> >1CA;>2;5=> 2 >A=>2=>< @>AB>< 4>;8 4518B>@A:>9 704>;65==>AB8 (2 B5G5=85 12 <5AOF52) 8 45=56=KE A@54AB2. >@87>=B0;L=K9 8 25@B8:0;L=K9 0=0;87 2708<>4>?>;=ONB 4@C3 4@C30, =0 8E >A=>25 AB@>8BAO A@02=8B5;L=K9 0=0;8B8G5A:89 10;0=A. //////////// "01;8F0 3 - !@02=8B5;L=K9 0=0;8B8G5A:89 10;0=A  ;LD0 /////////// !=865=85 AB0B59 2=5>1>@>B=KE 0:B82>2 =0 19 BKAOG @C1;59, A?>A>1AB2>20;> A=865=8N 0:B820 10;0=A0 =0 0,4%. #25;8G5=85 >1>@>B=KE 0:B82>2 =0 327 BKAOG @C1;59 8;8 =0 11,12% C25;8G8;> 10;0=A =0 6,82%. >AB 70?0A>2 =0 104 BKA.@C1. 8;8 =0 5,36% 40;> C25;8G5=85 10;0=A0 =0 2,17%, GB> 2 40==KE CA;>28OE ACI5AB2>20=8O ?@54?@8OB8O <>6=> AG8B0BL ?>;>68B5;L=K< D0:B><. >AB 4518B>@A:>9 704>;65==>AB8 =0 179 BKA.@C1. C25;8G8205B >1>@>B=K5 0:B82K =0 3,73%.  ?0AA825 <K =01;N405< C25;8G5=85 705<=KE A@54AB2 =0 21,24%, GB> C25;8G8205B ?0AA82 =0 5,42%, 4>;O :@548B>@A:>9 704>;65==>AB8 2K@>A;0 =0 13,6%, GB> 40;> C25;8G5=85 10;0=A0 =0 1,29%. ;02=K< 8AB>G=8:>< ?@8@>AB0 O28;8AL 705<=K5 A@54AB20 ?@54?@8OB8O, GB> ?;>E> B.:. 2 40;L=59H5< MB8E A@54AB2 <>65B =5 1KBL, => 5A;8 ?@>F5=B>2 ?> 4>;30< =5B, B> MB> <>6=> 2>A?@8=8<0BL :0: 15A?@>F5=B=K9 :@548B, :>B>@K9 <>65B 1KBL ?>3;>I5= 8=D;OF859. 2.3 =0;87 ?@>872>4AB25==>3> ?>B5=F80;0 ;O E0@0:B5@8AB8:8 ?@>872>4AB25==>3> ?>B5=F80;0 8A?>;L7CNBAO ?>:070B5;8: =0;8G85, 48=0<8:0 8 C45;L=K9 25A ?@>872>4AB25==KE 0:B82>2 2 >1I59 AB>8<>AB8 8<CI5AB20; =0;8G85, 48=0<8:0 8 C45;L=K9 25A >A=>2=KE A@54AB2 2 >1I59 AB>8<>AB8 8<CI5AB20. @>872>4AB25==K5 0:B82K >?@545;ONBAO AC<<8@>20=85< >A=>2=KE A@54AB2, ?@>872>4AB25==KE 70?0A>2 8 =57025@H5==>3> ?@>872>4AB20 ?> 40==K< 10;0=A0-=5BB>. @8 MB>< ?@>872>4AB25==K5 0:B82K A@02=820NBAO =0 =0G0;> 8 =0 :>=5F 3>40, 0 B0:65 A >B@0A;52K<8 ?>:070B5;O<8. "01;8F0 4 -=0;87 ?@>872>4AB25==>3> ?>B5=F80;0  ;LD0 ///////////  AB@C:BC@5 8<CI5AB20 ?@54?@8OB8O ?@>872>4AB25==K5 0:B82K 70=8<0NB 69.9% =0 2004 3>4 8 68,37% =0 2005 3>4, B> 5ABL C45;L=K9 25A 8E A=8605BAO. 'B> 2K720=> A=865=85< C45;L=>3> 25A0, :0: >A=>2=KE A@54AB2, B0: 8 ?@>872>4AB25==KE 70?0A>2. 4=0:> 2 >1I59 A;>6=>AB8 ?@>8AE>48B C25;8G5=85 40==KE AB0B59 10;0=A0, ?@8 MB>< @>AB >A=>2=KE A@54AB2 2 @07<5@5 2,34% 70 0=0;878@C5<K9 ?5@8>4, 0 70?0A>2 5,36%. 4=>9 87 7040G C?@02;5=8O ?@>872>4AB2>< O2;O5BAO >15A?5G5=85 @0F8>=0;L=>3> 8A?>;L7>20=8O >A=>2=KE ?@>872>4AB25==KE D>=4>2 ($). B MDD5:B82=>AB8 8A?>;L7>20=8O $ 7028A8B >1J5< 2K?CA:0, 0 B0:65 ?>:070B5;8 ?@81K;8 8 @5=B015;L=>AB8. ////////////// "01;8F0 5  AE>4=K5 40==K5 4;O @0AG5B0 ?>:070B5;59 (BKA.@C1.) ///// "01;8F0 6  =0;87 B5E=8:>-M:>=><8G5A:8E ?>:070B5;59 //////////// >:070B5;L D>=4>>B40G8 A=8605BAO 70 0=0;878@C5<K9 ?5@8>4, B0: A 11,5 >= A=878;AO =0 10,2 @C1;O, GB> >B@0605BAO =0 @57C;LB0B0E 45OB5;L=>AB8 ?@54?@8OB8O >B@8F0B5;L=>. 1@0B=K9 ?>:070B5;N D>=4>>B40G8 ?>:070B5;L D>=4>5<:>AB8, =5 87<5=O5BAO. >:070B5;L D>=4>2>>@C65==>AB8 A=878;AO =0 3,4 @C1;O ?@8E>4OI8EAO =0 1 @01>B=8:0. 575@2K @>AB0 D>=4>>B40G8 MB> C25;8G5=85 >1J5<0 ?@>872>4AB20 8 A>:@0I5=85 A@54=53>4>2KE >AB0B:>2 >A=>2=KE ?@>872>4AB25==KE A@54AB2. "> 5ABL 4;O C25;8G5=8O D>=4>>B40G8 =5>1E>48<> ?>2KH5=85 >1J5<0 @50;870F88 ?@>4C:F88 1>;55 1KAB@K<8 B5<?0<8, G5< B5<?K @>AB0 A@54=53>4>2>9 AB>8<>AB8 >A=>2=KE D>=4>2. 2.4 =0;87 ;8:284=>AB8 8 ?;0B565A?>A>1=>AB8 4=8< 87 ?>:070B5;59, E0@0:B5@87CNI8E D8=0=A>2>5 ?>;>65=85 ?@54?@8OB8O, O2;O5BAO 53> ?;0B565A?>A>1=>ABL, B.5. 2>7<>6=>ABL A2>52@5<5==> ?>30H0BL A2>8 ?;0B56=K5 >1O70B5;LAB20 =0;8G=K<8 45=56=K<8 @5AC@A0<8. F5=:0 ?;0B565A?>A>1=>AB8 ?> 10;0=AC >ACI5AB2;O5BAO =0 >A=>25 E0@0:B5@8AB8:8 ;8:284=>AB8 >1>@>B=KE 0:B82>2, :>B>@0O >?@545;O5BAO 2@5<5=5<, =5>1E>48<K< 4;O ?@52@0I5=8O 8E 2 45=56=K5 A@54AB20. '5< <5=LH5 B@51C5BAO 2@5<5=8 4;O 8=:0AA0F88 40==>3> 0:B820, B5< 2KH5 53> ;8:284=>ABL. >=OB85 ?;0B565A?>A>1=>AB8 8 ;8:284=>AB8 >G5=L 1;87:8, => 2B>@>5 1>;55 5<:>5. B AB5?5=8 ;8:284=>AB8 10;0=A0 8 ?@54?@8OB8O 7028A8B 8 ?;0B565A?>A>1=>ABL. =0;87 ;8:284=>AB8 10;0=A0 70:;NG05BAO 2 A@02=5=88 A@54AB2 ?> 0:B82C, A3@C??8@>20==KE ?> AB5?5=8 8E ;8:284=>AB8 8 @0A?>;>65==KE 2 ?>@O4:5 C1K20=8O ;8:284=>AB8, A >1O70B5;LAB20<8 ?> ?0AA82C, A3@C??8@>20==K<8 ?> A@>:0< 8E ?>30H5=8O 8 @0A?>;>65==K<8 2 ?>@O4:5 2>7@0AB0=8O A@>:>2. 5@20O 3@C??0 (1) 2:;NG05B 2 A51O 01A>;NB=> ;8:284=K5 0:B82K, B0:85, :0: 45=56=0O =0;8G=>ABL 8 :@0B:>A@>G=K5 D8=0=A>2K5 2;>65=8O. > 2B>@>9 3@C??5 (2) >B=>AOBAO 1KAB@> @50;87C5<K5 0:B82K: B>20@K >B3@C65==K5, 4518B>@A:0O 704>;65==>ABL, =0;>38 ?> ?@8>1@5B5==K< F5==>ABO<. 8:284=>ABL MB>9 3@C??K >1>@>B=KE 0:B82>2 7028A8B >B A2>52@5<5==>AB8 >B3@C7:8 ?@>4C:F88, >D>@<;5=8O 10=:>2A:8E 4>:C<5=B>2, A:>@>AB8 ?;0B56=>3> 4>:C<5=B>>1>@>B0 2 10=:0E, >B A?@>A0 =0 ?@>4C:F8N, 55 :>=:C@5=B>A?>A>1=>AB8, ?;0B565A?>A>1=>AB8 ?>:C?0B5;59, D>@< @0AG5B>2 8 4@. "@5BLO 3@C??0 (3) - MB> <54;5==> @50;87C5<K5 0:B82K (?@>872>4AB25==K5 70?0AK, =57025@H5==>5 ?@>872>4AB2>, 3>B>20O ?@>4C:F8O). =0G8B5;L=> 1>;LH89 A@>: ?>=04>18BAO 4;O ?@52@0I5=8O 8E 2 45=56=CN =0;8G=>ABL. '5B25@B0O 3@C??0 (4)  MB> B@C4=>@50;87C5<K5 0:B82K, :C40 2E>4OB >A=>2=K5 A@54AB20, =5<0B5@80;L=K5 0:B82K, 4>;3>A@>G=K5 D8=0=A>2K5 2;>65=8O, =57025@H5==>5 AB@>8B5;LAB2>, @0AE>4K 1C4CI8E ?5@8>4>2, 4>;3>A@>G=0O 4518B>@A:0O 704>;65==>ABL A >BA@>G:>9 ?;0B560 =0 3>4 8 1>;55. !>>B25BAB25==>, =0 G5BK@5 3@C??K @071820NBAO 8 >1O70B5;LAB20 ?@54?@8OB8O: 1  =081>;55 A@>G=K5 >1O70B5;LAB20, :>B>@K5 4>;6=K 1KBL ?>30H5=K 2 B5G5=85 <5AOF0 (:@548B>@A:0O 704>;65==>ABL 8 :@548BK 10=:0, A@>:8 2>72@0B0 :>B>@KE =0ABC?8;8, ?@>A@>G5==K5 ?;0B568); 2  A@54=5A@>G=K5 >1O70B5;LAB20 A> A@>:>< ?>30H5=8O 4> >4=>3> 3>40 (:@0B:>A@>G=K5 :@548BK 10=:0); 3  4>;3>A@>G=K5 :@548BK 10=:0 8 709<K; 4  A>1AB25==K9 (0:F8>=5@=K9) :0?8B0;, =0E>4OI89AO ?>AB>O==> 2 @0A?>@O65=88 ?@54?@8OB8O. 0;0=A AG8B05BAO 01A>;NB=> ;8:284=K<, 5A;8: 1>1; 2>2; 3>3; A4 < 4. ///////////// "01;8F0 7  =0;87 ;8:284=>AB8 10;0=A0  ;LD0, BKA.@C1. //////////////  10;0=A5  ;LD0 70 8AA;54C5<K5 ?5@8>4KFHJLNŭhU=U.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu"h1Ohd<5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu%h1Ohd<5CJ\aJmHnHuh1Ohd<5CJ\aJ#jh1Ohd<5CJU\aJhd<OJQJJ d H zgdd< & gdd<$a$gdd<*ejk  " λΣ|j|K|λ2λ1jwh1Ohd<5CJUaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu"h1Ohd<5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu/jh1Ohd<0J5CJUaJmHnHu%h1Ohd<5CJaJmHnHu.jh1Ohd<5CJUaJmHnHu1j}h1Ohd<5CJUaJmHnHu $ & ( * j l n нЩxЩeeLeнЩ1jqh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu"h1Ohd<5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu/jh1Ohd<0J5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu @ B D x z | ~ ȴp]ȴK"h1Ohd<5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1jkh1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu   " V X Z ^ ` b d f h ȴx_xxLȴ:"h1Ohd<5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1jeh1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu h80J5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu    : < > B D F H J L Ȳt[ttH4&h1Ohd<0J5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1j_h1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu$h80J5CJ^JaJmHnHu*h1Ohd<0J5CJ^JaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphuL  ڻzgOg6OgO1jYh1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu$h80J5CJ^JaJmHnHu*h1Ohd<0J5CJ^JaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu&h1Ohd<0J5CJaJmHnHu"h1Ohd<5CJaJmHnHu  HJLNyfNf5NfN1jSh1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu*h1Ohd<0J5CJ^JaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu"h1Ohd<5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu%h1Ohd<5CJ\aJmHnHu "$z|~͵t[ttH6"h1Ohd<5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1jMh1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu*h1Ohd<0J5CJ^JaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu&h1Ohd<0J5CJaJmHnHu468lnptvxz|~Ȳn[G5G"h1Ohd<5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1jG h1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu*h1Ohd<0J5CJ^JaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu  RTȴp]ȴK"h1Ohd<5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1jA h1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=j h1Ohd<5>*B*CJUaJmHnHphuTVXȴp]ȴK"h1Ohd<5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1j; h1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=j h1Ohd<5>*B*CJUaJmHnHphu h~ȴx_xxLȴ:"h1Ohd<5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1j5 h1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu h80J5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=j h1Ohd<5>*B*CJUaJmHnHphuf|ȴx_xxLȴ:"h1Ohd<5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1j/ h1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu h80J5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=j h1Ohd<5>*B*CJUaJmHnHphup "ȴx_xxLȴ:"h1Ohd<5CJaJmHnHu%h1Ohd<5CJ\aJmHnHu1j)h1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu h80J5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=j h1Ohd<5>*B*CJUaJmHnHphu"$&|ȴx_xxL2*hd<OJQJ3jh1Ohd<5CJKHOJQJU\^JaJ%h1Ohd<5CJ\aJmHnHu1j#h1Ohd<5CJUaJmHnHu.jh1Ohd<5CJUaJmHnHu%h1Ohd<5CJaJmHnHu h80J5CJaJmHnHu&h1Ohd<0J5CJaJmHnHu/jh1Ohd<0J5CJUaJmHnHu=jh1Ohd<5>*B*CJUaJmHnHphu d"#n$N%%&'(*(+,---4.V.$7dh`7a$gdd<$dh`a$gdd<$$dh`a$gdd<$a$gdd<gdd<PR\!^!!!d"4%J%N%&d)f)))++2,4,,//R0l11b2d2f2.4B46 68־֐thththh hd<CJ]aJhh hd<CJaJ!h+Kihd<@B*CJaJphhd<CJaJhXAhd<CJNHaJ!hXAhd<@B*CJaJphh8CJaJhXAhd<CJaJh+Kihd<CJNHaJh+Kihd<CJaJhd<CJOJQJaJh#7hd<CJOJQJaJhd<%V..R00l1n1p1r1t1v1x1z1|1~11111111111gdd<$$dh`a$gdd<$dh`a$gdd<$7dh`7a$gdd<111111 2d2f2&4 68;;<,===>ABCVCXC$dh`a$gdd<dhgdd<$dh`a$gdd<$a$gdd<gdd<8;;;>>AAAABBBCTCVCXCbIdIIJXJnJpJJµµµµ®sgR)h#7hd<B*CJOJQJ^JaJphh8CJOJQJaJ!jhhd<0JCJUaJhhd<CJaJhd<hd<CJOJQJaJh#7hd<CJOJQJaJ hd<hd<hh hd<CJNHaJhh hd<CJaJhd<B*CJaJmH phsH $jhd<0JB*CJUaJphhh hd<B*CJaJphXCC*DDbEEhIIJpJJJjLNN6OOPQTT U$a$gdd<gdd<$dh-DM `a$gdd<$dh`a$gdd<$dh1$`a$gdd<JJJJKKKKjLLMMNNNNNNNNPP6Q8QQQRRSSS`TbTTTTUU U U*W,WYY̷̷̷̰̿̿̿̿̿̿̿̿̿̿̿̿׌p hShd<B*CJ]aJphhShd<CJaJhShd<B*CJaJph)h#7hd<B*CJOJQJ^JaJph hd<hd<h8CJaJhhd<CJNHaJhhd<CJaJhd<#hd<B*CJOJQJ^JaJph#h8B*CJOJQJ^JaJph, U U,W.Z4\]R_`ab:c^cffhhii2l(mBmm$7]`7a$gdd<7`7gdd<$dh`a$gdd<$7dh`7a$gdd<$dh-DM `a$gdd<gdd<Y.Z4\]]aabb"c8c:c^cffhhNiPifihii2l(mBmRmZmmmmmmnnboxo~ooooopppppq q"qǶǮǮǧҜ姆҆Үҧ{{{{{{{{hvhd<CJaJh hd<CJaJhhd<CJaJh`hd<CJaJ hd<hd<h8CJaJ!jhShd<0JCJUaJhShd<CJaJhd<CJaJh+Ehd<CJaJh<zhd<CJaJhShd<B*CJaJph0mmmrtttxHy`yr|B~`~~~Tn<$dh7$8$H$`a$gdd<$dh`a$gdd<$dh`a$gdd<$a$gdd<$7dh`7a$gdd<gdd<$7]`7a$gdd<"q.q0q8q@qqrr r@rPrXrbrrrttt.v0vvvxxx0yFyHy`yr|r}t}B~^~`~p~r~~~~~~TlndzdzdzǨ펙펆{펙hd<hd<mH sH hd<mH sH h>hd<CJaJ hd<hd<h8CJaJhhd<CJaJ&h?hd<5CJOJQJ]^JaJ hd<5CJOJQJ]^JaJ)h#7hd<B*CJOJQJ^JaJphhd<CJaJhvhd<CJaJ0*DFH<8:vx֋ڋ܋ƌ $&Ƒʑ̑`bԕ֕ "$*ʹh 7hd<CJH*aJh 7hd<CJaJh 7hd<CJ]aJhd Lhd<CJNHaJhd Lhd<CJaJ)h#7hd<B*CJOJQJ^JaJphhd<CJaJh>hd<CJaJ8<0\ʓ^ҕ>ZԘ dh`gdd<gdd<$dh-DM `a$gdd<$dh`a$gdd<$a$gdd<*,.68:<>ZҘԘ$<JL\^np dŽşxh$hd<6CJaJh=~hd<CJNHaJh>)hd<CJH*aJUhJhd<CJaJh=~hd<CJaJh8CJaJhd<CJaJ hd<hd<jhd<0JCJUaJh 7hd<CJaJh 7hd<CJH*aJh 7hd<CJaJmH sH , =01;N40;AO 2>7@>AH89 ?;0B56=K9 =54>AB0B>: =081>;55 ;8:284=KE 0:B82>2 4;O ?>30H5=8O =081>;55 A@>G=KE >1O70B5;LAB2. "@52>6=K< O2;O5BAO 8 B>B D0:B, GB> 87<5=5=85< ?>:070B5;O =081>;55 ;8:284=KE 0:B82>2 (1) 2 @0AA<0B@8205<>< ?5@8>45 =57=0G8B5;L=0 - A> 110 4> 142, 2 B> 2@5<O :0: A@>G=K5 >1O70B5;LAB20 (1) AB0;8 =0 ?>@O4>: 2KH5: A 456  518 BKAOG @C1;59. "0:65 >68405BAO ?>ABC?;5=85 >B 4518B>@>2 1>;LH5 25;8G8=K :@0B:>A@>G=KE :@548B>2 8 705<=KE A@54AB2, E>BO =54>AB0B>: 25;8G8=K =081>;55 ;8:284=KE 0:B82>2 ?> A@02=5=8N A 25;8G8=>9 >1O70B5;LAB2 MB> =5 <>65B ACI5AB25==> C<5=LH8BL. 54;5==> @50;87C5<K5 0:B82K ?@52KH0NB 4>;3>A@>G=K5 :@548BK, B0: 5A;8 A@02=820BL =0 2004 3>4  2 17,3 @070, 8 =0 2005 2 33 @070, B.5. >G5=L 7=0G8B5;L=>. 4=0:> 40==K9 ?;0B56=K9 87;8H5: ?> ?@8G8=5 53> =87:>9 ;8:284=>AB8 =5 <>65B 1KBL =0?@02;5= =0 ?>:@KB85 :@0B:>A@>G=KE >1O70B5;LAB2.  >BG5B=>< ?5@8>45 C ?@54?@8OB8O A>1;N40;>AL CA;>285 <8=8<0;L=>9 D8=0=A>2>9 CAB>9G82>AB8: 53> ?>AB>O==K5 ?0AA82K ?@52KH0;8 25;8G8=C B@C4=> @50;87C5<KE 0:B82>2. !>?>AB02;5=85 ;8:284=KE A@54AB2 8 >1O70B5;LAB2 ?>72>;O5B 2KG8A;8BL: 1.B5:CICN ;8:284=>ABL ("), :>B>@0O A2845B5;LAB2C5B > ?;0B565A?>A>1=>AB8 (+) 8;8 =5?;0B565A?>A>1=>AB8 (-) >@30=870F88 =0 1;8609H89 : @0AA<0B@8205<><C <><5=BC ?@><56CB>: 2@5<5=8: "=(1+2)-(1+2) 2.?5@A?5:B82=CN ;8:284=>ABL () - B> 5ABL ?@>3=>7 ?;0B565A?>A>1=>AB8 =0 >A=>25 A@02=5=8O 1C4CI8E ?>ABC?;5=89 8 ?;0B5659: =3-3 "01;8F0 9 - =0;87 B5:CI59 8 ?5@A?5:B82=>9 ;8:284=>AB8  ;LD0 /////////// A?>;L7CO 40==K5 :>MDD8F85=BK, 2 F5;>< <>6=> >B=5AB8 ?@54?@8OB85 : B><C 8;8 8=><C :;0AAC :@548B>A?>A>1=>AB8. 4=0:> ?@0:B8G5A:0O 7=0G8<>ABL 70B@C4=5=0, B0: :0: =5 CAB0=>2;5=K =>@<0B82=K5 7=0G5=8O :>MDD8F85=B>2 ;8:284=>AB8 4;O ?@54?@8OB89 @07;8G=>9 >B@0A;52>9 ?@8=04;56=>AB8, =5B 0;3>@8B<0 @0AG5B0 >1>1I0NI53> :@8B5@8O. >MB><C :064K9 87 ?@82545==KE :>MDD8F85=B>2 =5>1E>48<> >F5=820BL 2 48=0<8:5. "01;8F0 10 - =0;87 :>MDD8F85=B>2 ;8:284=>AB8  ;LD0 //////////////// 8A. 1 8=0<8:0 ?>:070B5;59 ;8:284=>AB8 >:070B5;L >1I59 ;8:284=>AB8 2> 2A5E 0=0;878@C5<KE ?5@8>40E, 1K; <5=LH5 548=8FK, GB> >7=0G05B =5CAB>9G82CN ?;0B565A?>A>1=>ABL ?@54?@8OB8O, >4=0:> ?>:070B5;L ?@81;865= : =>@<0;L=><C 7=0G5=8N, => ?@>8AE>48B B5=45=F8O 53> A=865=8O. @8 0=0;875 ?>:070B5;O 01A>;NB=>9 ;8:284=>AB8 2KOA=5=>, GB> 2 0=0;878@C5<KE ?5@8>40E >= =5 ?@52KH05B 4065 0,1, B.5. =5 4>AB8305B =>@<0;L=>3> 7=0G5=8O, >4=0:> =01;N405BAO =57=0G8B5;L=K9 @>AB MB>3> ?>:070B5;O. 4=0:> 8 ?@8 =51>;LH>< 7=0G5=88 40==>3> ?>:070B5;O ?@54?@8OB85 <>65B 1KBL 2A5340 ?;0B565A?>A>1=K<, 5A;8 AC<5B A10;0=A8@>20BL 8 A8=E@>=878@>20BL ?@8B>: 8 >BB>: 45=56=KE A@54AB2 ?> >1J5<C 8 A@>:0<. >MB><C :0:8E-;81> >1I8E =>@<0B82>2 8 @5:><5=40F89 ?> C@>2=N 40==>3> ?>:070B5;O =5 ACI5AB2C5B. >:070B5;L :@8B8G5A:>9 ;8:284=>AB8 =57=0G8B5;L=> 2K@>A, 8 5A;8 2 2004 3>4C ?@54?@8OB85 <>3;> ?>30H0BL 1>;LHCN G0ABL A2>8E :@0B:>A@>G=KE >1O70B5;LAB2 =5<54;5==>, B> 2 ?>A;54CNI8E ?5@8>40E 87-70 2>7@>AH59 4518B>@A:>9 704>;65==>AB8 MB0 2>7<>6=>ABL 87<5=8BAO. 7<5=5=85 :>MDD8F85=B0 B5:CI59 ;8:284=>AB8 ?>:07K205B, GB> 2> 2A5E ?5@8>40E >= A>AB02;O5B 1>;55 548=8FK, GB> >7=0G05B 2>7<>6=>ABL ?>30H5=8O A2>8E B5:CI8E >1O70B5;LAB2 ?CB5< <>18;870F88 >1>@>B=KE A@54AB2. 4=0:>, A;54C5B >B<5B8BL C<5=LH5=85 40==>3> ?>:070B5;O, 8 :0: A;54AB285, C<5=LH5=85 2>7<>6=>AB8 ?>30H5=8O 87-70 >B2;5G5=8O >1>@>B=KE A@54AB2 2 4518B>@A:CN 704>;65==>ABL. /////////// 2.5 =0;87 @5=B015;L=>AB8 5=B015;L=>ABL  MB> >B=>A8B5;L=K9 ?>:070B5;L, >?@545;ONI89 C@>25=L 4>E>4=>AB8 187=5A0. >:070B5;8 @5=B015;L=>AB8 E0@0:B5@87CNB MDD5:B82=>ABL @01>BK ?@54?@8OB8O 2 F5;><, 4>E>4=>ABL @07;8G=KE =0?@02;5=89 45OB5;L=>AB8 (?@>872>4AB25==>9, :><<5@G5A:>9, 8=25AB8F8>==>9 8 B.4.). =8 1>;55 ?>;=>, G5< ?@81K;L, E0@0:B5@87CNB >:>=G0B5;L=K5 @57C;LB0BK E>7O9AB2>20=8O, ?>B><C GB> 8E 25;8G8=0 ?>:07K205B A>>B=>H5=85 MDD5:B0 A =0;8G=K<8 8;8 ?>B@51;5==K<8 @5AC@A0<8. -B8 ?>:070B5;8 8A?>;L7CNB 4;O >F5=:8 45OB5;L=>AB8 ?@54?@8OB8O 8 :0: 8=AB@C<5=B 2 8=25AB8F8>==>9 ?>;8B8:5 8 F5=>>1@07>20=88.  7028A8<>AB8 >B 7040G 0=0;870 @0AAG8BK20NB A;54CNI85 B@C??K ?>:070B5;59 @5=B015;L=>AB8: - @5=B015;L=>ABL 8 4>E>4=>ABL @50;87>20==>9 ?@>4C:F88; - @5=B015;L=>ABL :0?8B0;0 (8<CI5AB20); - @5=B015;L=>ABL A@54AB2 (8AB>G=8:>2) ?@54?@8OB8O; - @5=B015;L=>ABL ?@>872>4AB25==KE @5AC@A>2. 0G=5< A :>MDD8F85=B0 @5=B015;L=>AB8 2A53> :0?8B0;0. = ?>72>;O5B A45;0BL >1I89 2K2>4 > B><, =0A:>;L:> E>@>H> 84CB 45;0 C ?@54?@8OB8O. "0:8< >1@07><, >F5=820NB A@07C 2A5 @5AC@AK :><?0=88.  EMBED Equation.3  345   ?@81K;L 10;0=A>20O (G8AB0O) >MDD8F85=B @5=B015;L=>AB8 A>1AB25==>3> :0?8B0;0 ?>72>;O5B >?@545;8BL MDD5:B82=>ABL 8A?>;L7>20=8O :0?8B0;0, 8=25AB8@>20==>3> A>1AB25==8:0<8 ?@54?@8OB8O. = ?>:07K205B, A:>;L:> 45=56=KE 548=8F G8AB>9 ?@81K;8 70@01>B0;0 :0640O 548=8F0, 2;>65==0O A>1AB25==8:0<8 :><?0=88.  EMBED Equation.3  345 A  A>1AB25==K9 :0?8B0;. ////////// "01;8F0 11  0==K5 4;O @0AG5B0 :>MDD8F85=B>2 @5=B015;L=>AB8, BKA.@C1. //////////// "01;8F0 12 =0;87 ?>:070B5;59 @5=B015;L=>AB8 8A. 2 8=0<8:0 ?>:070B5;59 @5=B015;L=>AB8 "0:8< >1@07><, A45;05< 2K2>4. 0 ?@>BO65=88 2A53> 0=0;878@C5<>3> ?5@8>40 =01;N405BAO B5=45=F8O ?045=8O ?>:070B5;59 @5=B015;L=>AB8, GB> A2O70=> 2 ?5@2CN >G5@54L A @>AB>< A515AB>8<>AB8 @50;87>20==KE B>20@>2 8 CA;C3 1>;LH8<8 B5<?0<8, G5< @>AB 2K@CG:8, ?@8 MB>< A515AB>8<>ABL 2K@>A;0 =0 6,36%, 0 2K@CG:0 >B @50;870F88 =0 1,69%.  A2O78 A MB8< G8AB0O ?@81K;L A=878;0AL. 5=B015;L=>ABL 2A53> :0?8B0;0 A=878;0AL =0 14%, GB> O2;O5BAO =5 ?>;>68B5;L=>9 B5=45=F859 @0728B8O ?@54?@8OB8O  ;LD0 8 3>2>@8B > =5>1E>48<>AB8 ?@54?@8OB8O ?@8=OBL 0:B82=K5 <5@K ?> 2KE>4C 87 A;>682H59AO A8BC0F88. 5=B015;L=>ABL A>1AB25==>3> :0?8B0;0 C?0;0 =0 20%. >:070B5;L @5=B015;L=>AB8 ?@>872>4AB20 B0:65 A=878;AO - =0 6,7 %, GB> 3>2>@8B > A=865=88 MDD5:B82=>AB8 ?@>872545==KE CA;C3. 0;55 - @5=B015;L=>ABL ?@>406. #  ;LD0 >=0 B0:65 A=878;0AL - =0 4%. -B> >B@8F0B5;L=> E0@0:B5@87C5B :><<5@G5A:CN 45OB5;L=>ABL :><?0=88. @8G8=0<8 <>3CB 1KBL: CEC4H5=85 A8BC0F88 =0 @K=:5 AB@>8B5;L=KE <0B5@80;>2, GB> 2>7<>6=> ?>2;5:;> A=865=85 AB>8<>AB8 >:07K205<KE CA;C3, 65AB>:0O :>=:C@5=F8O 8 B.4. 5=B015;L=>ABL >1>@>B=KE 0:B82>2 A=878;0AL =0 25%, B> 5ABL D8@<0 AB0;0 <5=55 ?;0B565A?>A>1=>9, 0 C<5=LH5=85 ?>:070B5;O 2=5>1>@>B=KE 0:B82>2 A2845B5;LAB2C5B > 1>;LH>< :>;8G5AB25 >A=>2=KE A@54AB2 =0 10;0=A5 ?@54?@8OB8O. >7<>6=>, A;54C5B ?@>40BL G0ABL >A=>2=KE A@54AB2 8 2K@CG5==K5 45=L38 ?CAB8BL 2 45;>. 0:;NG5=85 $8=0=A>2>5 A>AB>O=85 E>7O9AB2CNI53> AC1J5:B0 MB> E0@0:B5@8AB8:0 53> D8=0=A>2>9 :>=:C@5=B>A?>A>1=>AB8 (B.5. ?;0B565A?>A>1=>AB8, :@548B>A?>A>1=>AB8), 8A?>;L7>20=8O D8=0=A>2KE @5AC@A>2 8:0?8B0;0, 2K?>;=5=8O >1O70B5;LAB2 ?5@54 3>AC40@AB2>< 84@C38<8 E>7O9AB2CNI8<8 AC1J5:B0<8. $8=0=A>2>5 A>AB>O=85 E>7O9AB2CNI53> AC1J5:B0 2:;NG05B 0=0;87: 4>E>4=>AB8 8@5=B015;L=>AB8; D8=0=A>2>9 CAB>9G82>AB8; :@548B>A?>A>1=>AB8; 8A?>;L7>20=8O :0?8B0;0; 20;NB=>9 A0<>>:C?05<>AB8. ;025=AB2CNI55 <5AB> ?@8 0=0;875 D8=0=A>2>3> A>AB>O=8O 70=8<05B: 1) 87CG5=85 AB@C:BC@K B>3> 8;8 8=>3> ?>:070B5;O; 2) E0@0:B5@8AB8:0 48=0<8:8 ?>:070B5;O; 3) >F5=:0 8 8AA;54>20=85 D0:B>@>2, 2;8ONI8E =0 87<5=5=8O >A=>2=KE ?>:070B5;59, 8E A>AB02 8 48=0<8:C 87<5=5=8O.  ?>A;54=55 2@5<O, 2 A2O78 A ?>2A5<5AB=K< 2=54@5=85< 2KG8A;8B5;L=>9 B5E=8:8 ?@>F5AA 0=0;870 D8=0=A>2>3> ?>;>65=8O :><<5@G5A:>3> ?@54?@8OB8O 7=0G8B5;L=> C?@>AB8;AO. N1>9 3@0<>B=K9 M:>=><8AB 8A?>;L7C5B AB0=40@B=K5 M;5:B@>==K5 B01;8FK 8 2 A>AB>O=88 =0?8A0BL ?@>3@0<<K @0AG5B0 D8=0=A>2KE ?>:070B5;59 8 B5< A0<K< 871028BL A51O >B <>=>B>==>9 @0AG5B=>9 G0AB8 8 A>A@54>B>G8BAO =5?>A@54AB25==> =0 0=0;875 8 ?@>3=>75. 0 >A=>20=88 @57C;LB0B>2 0=0;870 ?@54?@8OB8O  ;LD0 <>6=> AD>@<C;8@>20BL =5A:>;L:> 2K2>4>2: 1. ?@54?@8OB85 =0E>48BAO =0 MB0?5 @0728B8O 45OB5;L=>AB8, B0: :0: ?> ?>:070B5;O< >=> =0 40==K9 <><5=B O2;O5BAO ?;0B565A?>A>1=K<, >4=0:> MB0 A?>A>1=>ABL ?0405B 2. C@>25=L @5=B015;L=>AB8 4>AB8305B =>@<0;L=>3> 7=0G5=8O, 8 B0:65 ?@54?@8OB85 ?>;CG05B 70 :064K9 3>4 G8ABCN ?@81K;L ?>@O4:0 2 <;=. @C1;59, GB> 4>AB0B>G=> =5 ?;>E> 4;O =0G8=0NI53> ?@54?@8OB8O. 4. 2>7@>AH89 ?;0B56=K9 =54>AB0B>: =081>;55 ;8:284=KE 0:B82>2 4;O ?>30H5=8O =081>;55 A@>G=KE >1O70B5;LAB2 >B@8F0B5;L=> A:07K205BAO =0 45OB5;L=>AB8 D8@<K !=865=85 AB0B59 2=5>1>@>B=KE 0:B82>2 =0 19 BKAOG @C1;59, A?>A>1AB2>20;> A=865=8N 0:B820 10;0=A0 =0 0,4%. #25;8G5=85 >1>@>B=KE 0:B82>2 =0 327 BKAOG @C1;59 8;8 =0 11,12% C25;8G8;> 10;0=A =0 6,82%. >AB 70?0A>2 =0 104 BKA.@C1. 8;8 =0 5,36% 40;> C25;8G5=85 10;0=A0 =0 2,17%, GB> 2 40==KE CA;>28OE ACI5AB2>20=8O ?@54?@8OB8O <>6=> AG8B0BL ?>;>68B5;L=K< D0:B><. >AB 4518B>@A:>9 704>;65==>AB8 =0 179 BKA.@C1. C25;8G8205B >1>@>B=K5 0:B82K =0 3,73%.  ?0AA825 <K =01;N405< C25;8G5=85 705<=KE A@54AB2 =0 21,24%, GB> C25;8G8205B ?0AA82 =0 5,42%, 4>;O :@548B>@A:>9 704>;65==>AB8 2K@>A;0 =0 13,6%, GB> 40;> C25;8G5=85 10;0=A0 =0 1,29%. ;02=K< 8AB>G=8:>< ?@8@>AB0 O28;8AL 705<=K5 A@54AB20 ?@54?@8OB8O, GB> ?;>E> B.:. 2 40;L=59H5< MB8E A@54AB2 <>65B =5 1KBL, => 5A;8 ?@>F5=B>2 ?> 4>;30< =5B, B> MB> <>6=> 2>A?@8=8<0BL :0: 15A?@>F5=B=K9 :@548B, :>B>@K9 <>65B 1KBL ?>3;>I5= 8=D;OF859.  F5;>< @0728B85 D8@<K ?@>8AE>48B 4>AB0B>G=> E>@>H>, :>=5G=> ACI5AB2C5B @O4 <><5=B>2, :>B>@K5 =5>1E>48<> ?>?@028BL 4;O C;CGH5=8O D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8. #AB@0=5=85 =5?;0B565A?>A>1=>AB8 <>65B 8 4>;6=0 >ACI5AB2;OBLAO <5@0<8, =5 ?@85<;5<K<8 A ?>78F89 >1KG=>3> C?@02;5=8O. =B8:@878A=>5 C?@02;5=85 4>?CA:05B ;N1K5 ?>B5@8 (2 B>< G8A;5 8 1C4CI85), F5=>9 :>B>@KE <>6=> 4>18BLAO 2>AAB0=>2;5=8O ?;0B565A?>A>1=>AB8 ?@54?@8OB8O A53>4=O. 0ABC?;5=85 =5?;0B565A?>A>1=>AB8 >7=0G05B ?@52KH5=85 @0AE>4>20=8O 45=56=KE A@54AB2 =04 8E ?>ABC?;5=85< 2 CA;>28OE >BACBAB28O @575@2>2 ?>:@KB8O, B.5 >1@07C5BAO :@878A=0O O<0.  MB>B <><5=B G0I5 2A53> 8 =0G8=0NBAO ?@>1;5<K A :@548B>@0<8 ?@54?@8OB8O. @548B>@K, ?KB0NBAO 25@=CBL A2>8 A@54AB20 ?CB5< 0@5AB>2 8<CI5AB20. A5 A@54AB20, ?>ABC?0NI85 =0 AG5B ?@54?@8OB8O 02B><0B8G5A:8 1;>:8@CNBAO 8 A?8AK20NBAO 2 ?>;L7C :@548B>@>2, 45OB5;L=>ABL ?@54?@8OB8O 70<>@068205BAO, 0 HB@0DK 8 ?5=8 ?@>4>;60NB =0G8A;OBLAO. 5@K 4;O >15A?5G5=8O D8=0=A>2>3> @02=>25A8O 2 4;8B5;L=>< ?5@8>45, GB> 2>7<>6=> B>;L:> ?@8 C25;8G5=88 45=56=>3> ?>B>:0 >B >A=>2=>9 45OB5;L=>AB8 ?@54?@8OB8O. A=>2=K<8 7040G8 =0 40==>< MB0?5 O2;O5BAO: -?>2KH5=85 :>=:C@5=B=KE ?@58<CI5AB2 ?@>4C:F88; -C25;8G5=85 45=56=>3> :><?>=5=B0 2 @0AG5B0E; -C25;8G5=85 >1>@0G8205<>AB8 0:B82>2. A=>2=K< D0:B>@><, >15A?5G820NI8< @>AB ?@81K;L=>AB8 >A=>2=>9 45OB5;L=>AB8  ;LD0 =0 ?@>BO65=88 8AA;54C5<>3> ?5@8>40, O2;O;>AL C25;8G5=85 >1J5<0 @50;870F88 ?@>4C:F88. "0:8< >1@07><, C25;8G5=85 >1J5<>2 @50;870F88 ?@>4C:F88 O2;O5BAO @575@2>< ?>2KH5=8O ?@81K;L=>AB8  ;LD0. "0:65 <>6=> ?@54;>68BL A;54CNI85 <5@>?@8OB8O: 1) A>25@H5=AB2>20=85 <0@:5B8=3>2>9 AB@0B5388 >@30=870F88 A F5;LN ?@82;5G5=8O ?;0B565A?>A>1=KE 70:07G8:>2 8 C25;8G5=85 >1J5<>2 ?@54>AB02;O5<KE CA;C3; 2) ?>2KH5=85 :0G5AB20 >:07K205<KE CA;C3 =0A5;5=8N 8 ?@54?@8OB8O<, 2 B>< G8A;5 70 AG5B A>25@H5=AB2>20=8O A8AB5<K C?@02;5=8O ?5@A>=0;>< 8 53> <>B820F88 : ?@>872>48B5;L=><C 8 :0G5AB25==><C B@C4C. >AB :0G5AB20 >:07K205<KE CA;C3 8 ?@>872>48B5;L=>AB8 B@C40 O2;ONBAO 206=59H8<8 CA;>28O<8 =5 B>;L:> D8=0=A>2>9 AB018;L=>AB8, => 8 M:>=><8G5A:>3> @>AB0 ?@54?@8OB8O, ?>MB><C =5>1E>48<>, A >4=>9 AB>@>=K, 8A?>;L7>20BL @07=>>1@07=K5 <5B>4K <0B5@80;L=>3> 8 <>@0;L=>3> AB8<C;8@>20=8O ?@>872>48B5;L=>3> B@C40, A 4@C3>9 AB>@>=K  ?>2KH0BL MDD5:B82=>ABL 8A?>;L7>20=8O 8<5NI53>AO >1>@C4>20=8O (<>45@=870F8O, 02B><0B870F8O 8 4@.); 3) :>=B@>;L 70 ?@>872>4AB25==K<8 8745@6:0<8, >A>15==>, 2 G0AB8 :>A25==KE =5?@>872>48B5;L=KE ?>AB>O==KE @0AE>4>2. >18BLAO A=865=8O 8745@65: <>6=> 70 AG5B: ?>8A:0 ?>AB02I8:>2, ?@54;030NI8E <0B5@80;K ?> 1>;55 ?@85<;5<K< F5=0<; M:>=><88 <0B5@80;L=KE @5AC@A>2 8 @0F8>=0;L=>3> 8A?>;L7>20=8O AK@LO, <0B5@80;>2, B>?;820, M=5@388. KO2;5=85 @575@2>2 A=865=8O <0B5@80;L=KE 70B@0B A?>A>1>< ?>AB@>5=8O 10;0=A0 @0AE>40 <0B5@80;>2 ?> 2A5< 53> A>AB02;ONI8<: ?>;57=K9 @0AE>4; >BE>4K 2>72@0I5==K5 8 1572>72@0B=K5; ?>B5@8 CB8;878@C5<K5 8 =5CB8;878@C5<K5.  D8=0=A>2>9 AD5@5 ?@54?@8OB8N  ;LD0 =5>1E>48<> A;548BL 70 A>>B=>H5=85< 4518B>@A:>9 8 :@548B>@A:>9 704>;65==>AB8. E @>AB A>7405B C3@>7C D8=0=A>2>9 CAB>9G82>AB8 ?@54?@8OB8O, B@51C5B 4>?>;=8B5;L=>5 ?@82;5G5=85 8AB>G=8:>2 D8=0=A8@>20=8O 8;8 87JOB8O G0AB8 A@54AB2 87 >1>@>B0.  40==>< =0?@02;5=88 =5>1E>48<0 @5AB@C:BC@870F8O 4518B>@A:>9 704>;65==>AB8 ?@54?@8OB8O A 2K45;5=85< 4518B>@>2 A CAB>9G82K< D8=0=A>2K< A>AB>O=85< (B@51>20BL ?>30H5=85 4>;30, 2>7<>6=>, 2 AC451=>< ?>@O4:5), A =5CAB>9G82K< ?>;>65=85< (B@51>20BL =5<54;5==>5 8A?>;=5=85 >1O70B5;LAB2, 2 B>< G8A;5 ?@8 =5>1E>48<>AB8 ?>A@54AB2>< 2>71C645=8O ?@>F54C@K 10=:@>BAB20 4>;6=8:0) 8 =5?;0B565A?>A>1=KE 4518B>@>2 (;81> B@51>20BL C?;0BK 4>;30 8<CI5AB2>< ;81> A?8AK20BL 4>;3 2 @07@O4 157=0456=KE). !>AB02;5=85 @55AB@0 4518B>@>2 8 0:B82=0O @01>B0 A =8<8 ?>72>;8B G0ABL 704>;65==>AB8 A?8A0BL 2 C1KB>: (A>>B25BAB25==>, C<5=LH8BL =0;>3>>1;0305<CN 107C >BG5B=>3> ?5@8>40), G0ABL 1C45B ?>30H5=0. >;CG5==K5 A@54AB20 <>6=> 1C45B =0?@028BL =0 ?>?>;=5=85 A>1AB25==KE >1>@>B=KE A@54AB2 ;81> =0 :0?8B0;>2;>65=8O 2 >A=>2=K5 A@54AB20 8 8E <>45@=870F8N; >42>4O >1I85 8B>38, A;54C5B >B<5B8BL, GB> 4;O AB018;870F88 D8=0=A>2>3> ?>;>65=8O  ;LD0 8 ?@8=OB8O 2725H5==KE C?@02;5=G5A:8E @5H5=89 =5>1E>48<> 2=54@5=85 2 ?@>F5AA C?@02;5=8O D8=0=A0<8 ?@54?@8OB8O ?@>F54C@ D8=0=A>2>3> 0=0;870 8 ?;0=8@>20=8O. ;O B>3> GB>1K C  ;LD0 ?@>8AE>48; @>AB B>20@>>1>@>B0, =5>1E>48<> C<5;> ?@82;5:0BL :;85=B>2 4;O ?@8>1@5B5=8O B>20@0. <5==> ?>MB><C >G5=L 206=K< <><5=B>2 2 @01>B5 ?@54?@8OB8O O2;O5BAO @07@01>B:0 ?>;8B8:8 ?@82;5G5=8O :;85=B0, O ?5@5G8A;N >A=>2=K5 <><5=BK, A?>A>1AB2CNI85 ?>2KH5=8N A?@>A0 8<5==> =0 B>20@, ?@>40205<K9 2  ;LD0.  B0:, O AG8B0N, GB>, 2>-?5@2KE, =5>1E>48<> 0:B82=> @0AH8@OBL 0AA>@B8<5=B B>20@0. >-2B>@KE, :0G5AB25==0O 8 3@0<>B=0O :>=AC;LB0F8O ?> 2K1>@C AB@>8B5;L=>3> <0B5@80;0 >G5=L ?><>305B ?@82;5GL ?>:C?0B5;O 8<5==> 2 =0H <03078=. -B@5BL8E, A8AB5<0 ?>>I@5=8O - A:84:8, ?>40@:8, 0:F88. 064K9 G5;>25: @5038@C5B =0 ?@54>AB02;5=85 5<C B0: =07K205<>9 E0;O2K E>@>H>, 8 =5?@5<5==> E>G5B GB>-=81C4L :C?8BL 2 MB>< <03078=5. / AG8B0N, B0:0O ?>;8B8:0 A:84>: ?@>AB> =5>1E>48<0 2 <03078=0E, 2 A8;C B>3>, GB> ACI5AB2C5B 65AB:0O :>=:C@5=F8O, 8 :064K9 8<55B 2>7<>6=>ABL 8 ?@54>AB02;O5B A:84:8 =0 A2>9 B>20@, => MDD5:B82=>ABL 40==>9 AB@0B5388 4>AB8305BAO ?@8 CA;>288, GB> 8 F5=K =0 B>20@ =5 2KA>:85, B.5. 2K45@6820NB :>=:C@5=F8N A 4@C38<8 <03078=0<8.   G5B25@BKE, ?@54>AB02;5=85 @O40 CA;C3, =0?@8<5@ 4>AB02:0 B>20@0 2 ;N1>5 C4>1=>5 4;O :;85=B0 2@5<O, >:070=85 AB@>8B5;L=KE @01>B =0H8<8 A?5F80;8AB0<8, CA;>28O ?0@:>2:8 02B><>18;59 8 B.4.   ?OBKE, 0:B82=0O @5:;0<=0O 45OB5;L=>ABL AB8<C;8@C5B 8 ?>2KH05B ?>B@518B5;LA:89 A?@>A, >A>15==> MDD5:B82=> 459AB2C5B @5:;0<0 A =5?>A@54AB25==K< C:070=85< F5=K =0 B>20@, GB> 405B 2>7<>6=>ABL ?>B@518B5;N A@02=8BL 55 A F5=0<8 =0 B0:>9 65 B>20@ C ?@54?@8OB8O  :>=:C@5=B0. !?8A>: 8A?>;L7>20==>9 ;8B5@0BC@K >;>65=85 ?> 1CE30;B5@A:><C CG5BC "CE30;B5@A:0O >BG5B=>ABL >@30=870F88" # 4/99, CB25@645==>5 @8:07>< 8=D8=0 >B 06 8N;O 1999 ! 43=. >;>65=85 ?> 2545=8N 1CE30;B5@A:>3> CG5B0 8 1CE30;B5@A:>9 >BG5B=>AB8 2 >AA89A:>9 $545@0F88, CB25@645==>5 ?@8:07>< 8=D8=0 $ >B 29 8N;O 1998 3. N 34= (A 87<5=5=8O<8 >B 30 45:01@O 1999 3., 24 <0@B0 2000 3.). >G0@>2 .. ><?;5:A=K9 D8=0=A>2K9 0=0;87. 8B5@. 2005.  432A. CE>=>20 !.., >@>H5=:> ..., 5=45@A:0O ... ><?;5:A=0O <5B>48:0 0=0;870 D8=0=A>2>9 CAB>9G82>AB8 ?@54?@8OB8O. //-:>=><8G5A:89 0=0;87: B5>@8O 8 ?@0:B8:0. !7. -2004. ;07C=>2 .. 15A?5G5=85 B5:CI59 ?;0B565A?>A>1=>AB8 ?@54?@8OB8O. // $8=0=AK.-2004.-! 3.- !. 67-69.  HYPERLINK "http://www.bolero.ru/person-104695.html" \o "A5 :=838 MB>3> 02B>@0" @0G52 .. $8=0=A>20O CAB>9G82>ABL ?@54?@8OB8O: =0;87, >F5=:0 8 C?@02;5=85. #G51=>5 ?>A>185. .: -:>=><8:0. 2004.  192A.  HYPERLINK "http://www.bolero.ru/person-104695.html" \o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www.vmgroup.ru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http://www.bolero.ru/person-104695.html" \o "A5 :=838 MB>3> 02B>@0" @0G52 .. $8=0=A>20O CAB>9G82>ABL ?@54?@8OB8O: =0;87, >F5=:0 8 C?@02;5=85. #G51=>5 ?>A>185. .: -:>=><8:0. 2004.  A.31  >20;52 .. =0;87 D8=0=A>2>3> A>AB>O=8O ?@54?@8OB8O. .: &5=B@ M:>=><8:8 8 <0@:5B8=30. 2004.  A.17  0<KH0=>2 .. CE30;B5@A:0O (D8=0=A>20O) >BG5B=>ABL. 2-5 8740=85, 8A?@02;5==>5 8 4>?>;=5==>5. <530-. 2005.  A.57  !028F:0O .. =0;87 E>7O9AB25==>9 45OB5;L=>AB8 ?@54?@8OB8O. .: $ -. 2005.  A.385.  !028F:0O .. =0;87 E>7O9AB25==>9 45OB5;L=>AB8 ?@54?@8OB8O. .: $ -. 2005.  A.387  "0@15520 .. F5=:0 @5=B015;L=>AB8 D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 :><?0=88. // ;021CE.-2004.-!2.-!.68-71.     x2$dh`a$gd' $dha$gdd<gdd< dh`gdd<$dh`a$gdd<$dh`a$gdd< vx"$LN.024,fźԇtc!h6h'@B*CJaJphh6h'CJaJh'CJaJ h'hd<hJhd<CJaJ hd<CJjhd<0JCJUaJh=~hd<CJNHaJh=~hd<CJaJ hd<hd<h8CJaJhd<CJaJhShd<6CJH*aJh$hd<6CJaJhd<6CJaJ 8 ||kZI8Z-hfh'CJaJ!hfh'@B*CJaJph!hfh'@B*CJaJph!hfh'@B*CJaJph!hfh'@B*CJaJphhfh'B*CJaJph)h#7h'B*CJOJQJ^JaJph h'hd< h'h'h=~h'CJaJh'CJaJh6h'CJaJ!h6h'@B*CJaJph!h6h'@B*CJaJph!h6h'@B*CJaJph Ln@Rl~$dh1$7$8$H$`a$gd'dh^`gd'$a$gd'$dh`a$gd'$dh-DM `a$gd'$dh-DM `a$gd'$dh`a$gd'$a$gd' JLln24>@~ʷ~oeUDo> h'aJ jh.Ph'5EHUaJjF h'5CJUV\h^f8h'5aJjh^f8h'5UaJ h'5aJ#h'B*CJOJQJ^JaJph)h.Ph'B*CJOJQJ^JaJphh^f8h'CJaJ$jh'0JB*CJUaJphh'B*CJaJphh^f8h'B*CJaJphhKh'CJaJhKh'B*CJaJphRhlJLNd hjǿwl`llYYNhn&h'CJaJ h'h'h@Kvh'CJH*aJh@Kvh'CJaJhh'CJaJ!j h\ph'CJEHUaJ#jF h\ph'CJUVaJh\ph'CJaJjh\ph'CJUaJh'CJaJ h^f8h'CJOJQJ^JaJ h.Ph'CJOJQJ^JaJh'CJOJQJ^JaJh_Vh'aJNd jN  j$dh`a$gd'$dh`a$gd'$a$gd'$dh`a$gd' $dha$gd' dhx`gd'gdd<$dh1$7$8$H$`a$gd'x  * 0 2 4 8      , 8 < H `   hjXZhzε퓆{pphvh'CJaJhJh'CJaJhh h'CJNHaJhh h'CJaJhh'CJaJh'CJOJQJaJh#7h'CJOJQJaJh8CJ^JaJh'CJ^JaJh#h'CJ^JaJh8CJaJh'CJaJhhF@h'CJaJ,P.h*f "2$V&N*++@,,,/t/0d59$ dh`a$gd'$7dh`7a$gd'$dh`a$gd'$dh`a$gd',.0$*>Tfhtv~H N P       "2$p&r&''''((((((*N*P*++@,B,,,,d-f-z---˼˼˼˼h8B*CJaJph!h!h'B*CJNHaJphh!h'B*CJaJphhq9h'B*CJaJphh'B*CJaJphhq9h'CJaJhVh'CJaJhvh'CJaJh'CJaJ8---....////00D2F222h3j33344:5<555l6n6 7 777(8*888J9L999|:~:;;*<,<<<:=<===>>??@@^A`AAA.BBBBBC CCCDDӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹӹh'B*CJNHaJphh8B*CJaJphh'B*CJaJph!h!h'B*CJNHaJphh!h'B*CJaJphI9.BDEFbGzHIrLMP P PPPPRPbQS$ & F dh^`a$gd'$a$gd'gd'$dh`a$gd'$dh`a$gd'$ dh`a$gd'D@DVDEFFFP P PPPPRPSSSSS`UUUUƿzl`U>,jhLh'5CJOJQJU^JaJhLh'CJaJhLh'CJ]aJhLh'0J5CJaJhLh'0J5CJaJhLh'CJ\aJh'B*CJph h#7h'h#7h'CJOJQJaJh' hffh' h,sSh'h'CJaJh8CJaJh+h'CJaJh85CJOJQJ^JaJh'5CJOJQJ^JaJSSTUDW&YZZ[]]^_N`FabPc:deeee$a$gd'gd'$ & F dh^`a$gd'$ & F dh^`a$gd'UHVJV`VbVDWFWWWXX$Y&Y>YDYYZZZZ[[[]]^^R_0`sdXhLh'CJ]aJh'5CJOJQJ^JaJ#hzh'5CJOJQJ^JaJhLh'CJ\aJ hLh'hLh'0JCJ\aJhLh'CJaJjhLh'CJUaJ*hLh'0J5CJOJQJ\^JaJ,jhLh'5CJOJQJU^JaJ#hLh'5CJOJQJ^JaJ0`L`BcHcPddeee&e(e*e,e.e0eeeeefοiiMi;#h#ihd<5CJOJQJ^JaJ6hd<hd<0J5>*B*CJOJQJ\^JaJph5jhd<hd<5B*CJOJQJU^JaJph,hd<hd<5B*CJOJQJ^JaJph9jhd<hd<0J5B*CJOJQJU^JaJph h'h' hPh'h'OJQJh'hLh'CJ\aJh'CJaJhLh'CJaJhLh'0JCJ]aJeeeee e"e$e&e(e*efghBiijjjjjjjjj$a$gd'$a$gdd<gdd< $a$gdd<gdd<gd'ffffgggghhhh0ii@iBiDiFiiiijjjʭwwmfUJF>jhJUhJh*h'CJaJ!jh*h'0JCJUaJ hShd<jhd<0JUhd<CJaJhShd<CJaJ!jhShd<0JCJUaJ#h>hd<5CJOJQJ^JaJ0jh>hd<0J5CJOJQJU^JaJhd< h%hd<jh%hd<0JU#h#ihd<5CJOJQJ^JaJhd<5CJOJQJ^JaJjjjjjjjkk h'h'jhJUhJjjkkgdd<,1h. A!"R#n$n% }DyK _Toc126506856}DyK _Toc126506856}DyK _Toc126506857}DyK _Toc126506857}DyK _Toc126506858}DyK _Toc126506858}DyK _Toc126506859}DyK _Toc126506859}DyK _Toc126506860}DyK _Toc126506860}DyK _Toc126506861}DyK _Toc126506861}DyK _Toc126506862}DyK _Toc126506862}DyK _Toc126506863}DyK _Toc126506863}DyK _Toc126506865}DyK _Toc126506865}DyK _Toc126506866}DyK _Toc126506866}DyK _Toc126506867}DyK _Toc126506867}DyK _Toc126506869}DyK _Toc126506869}DyK _Toc126506872}DyK _Toc126506872}DyK _Toc126506874}DyK _Toc126506874}DyK _Toc126506876}DyK _Toc126506876}DyK _Toc126506880}DyK _Toc126506880kDd lb  c   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry FEA Data iWordDocument.ObjectPool cAEA_1190759148 F cAAOle CompObjfObjInfo  !"#$%&'()*+,-./01235 FMicrosoft Equation 3.0 DS Equation Equation.39q\    @: =8B>310;0=A0 FMicrosoft Equation 3.0 DS EqEquation Native x_1190759156 FAAOle CompObj fuation Equation.39qA8" A : = AOh+'0h  $ 0 <HPX`Anna ChernenkoObjInfo Equation Native  ]1TablecSummaryInformation( $A? ?3"`?2VHqD$2a?[{`!VHqD$2a?[{N  &Wxcdd``Vg 2 ĜL0##0KQ* W􀙁WRcgbR v@=P5< %!@5 @_L ĺEX@,a kȝATN @Hfnj_jBP~nbÍr^δ3vq0A%dQ|%⟪C?y`=A@I9J\Q 21 246b;3LLJ% A2u(2t5,Āf~gw^Dd b  c $A? ?3"`?2DCe4O`!|DCe4F@ JxڝQ1KP%6C覃AvtBDJ FΥ*8CCDx^ڡ ]򀵡84ATiюZy SbT13qiqMSQ}Y!0<~csl+D[">OMt8 ^* [qOQq?:ŋTk}s2['Eb>GS[i 󩫞O?}ɬ?Gk`s} ҟs_D`^fw_QZxyQ*r%neWFH鸄-] 2=>9 B5:AB A >BABC?>< 2dx^:Z@b: '"5:ABCJOJQJ^JaJL@rL '5@E=89 :>;>=B8BC;  E$NON ' tit_book1#5CJOJQJ\^JaJo(ph%@O ,HPZ'9 f' %pW2q=nr  G q k 2 7esE+U)t23U]uf !8!g!h!5"F#|###[$$T&e&&&')**+C,,g---C/Q/s000222222Y5O6w6x6i8889:!;0;o;u;;;<>K>L>?.@@A`BDDE/FFMGvGGGH-HjHyHJJLLLMMvNN&O2OPP Q4QRTUVVVVXLYYYY ZZ*[O[\\\\\],][]]^_`|`abbbdd'eNeeZggYhii"lmmnpjqqqqr2s`ssXvrx|}/~W߁΃σW'ixH9 &s͋INÍ./0123456789:; tG!"$%(00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000008!08!08!08!08!08!08!08!08!08!00e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0e&0000x60x60x60x60x60x60x60x60x60x60x600>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>0>00V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V0V000b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b0b00}0}0}0}0}0}0}0}0}0}00 0 0 0 0 0 0 0x 0x 0x 0  0  0  0  0  0  0  0  0  0  0 0000000000000@0@0@0@0@0@000@0h00@0h00@0h00@0h00h00   G q k 2 7esE+U)t23U]uf 8!g!h!5"F#|###[$$T&&&')**+C,,g--C/s002222Y5O6w6x6i889:!;o;;<>K>L>?.@@A`BDDE/FFMGvGGGHjHJJLLLMMvNN&OPP4QRTUVVVXLYYYY ZZ*[O[\\\\][]]^_`|`abbbd'eNeeZggii"lmmqqqrXvrx|}߁΃σW'ixH9 &s͋INÍ./; tG( @0 @0@0@0@0@0@0@0@0@0@0 @0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0@0 @0 @0@0@0@0@0@0@0@0@0@0@0@0 @0@0@(@0@(@0@(@0@(@0@(@0@(@0@(@0@( @0 @0@0.@0.@0.@0.@0.@0.@0.@0.@0. @0@09@09@09@09@09@09@09@09@09@09@09@09@09@09@09@09@09@09@09 @0 @0 @0@0]@0]@0]@0]@0]@0]@0] @0@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m@0m @0@0֓@0֓@0֓@0֓@0֓@0֓@0֓@'0֓@0֓@0֓@'0֓@0֓@0֓@0֓@0֓@0֓@0֓@0֓@0֓@0֓@0֓@0֓ @0C04@0@0@0@0@0K04K04VK04@09@09 @0K04VK04K04 @0K04VK04K04 @0K04VK04K04 @0 @0@0@ 0@ 0@ 0@ 0@ 0 @ 0@ 0ɭ@ 0ɭ@ 0ɭ @ 0 0@ 0 ]@ 0 ]@ 0 ]@ 0 ]@ 0]@ 0]@ 0]@ 0]@ 0]@ 0]K071 00 @0@%0 @0@0K@%0K@%0 00  L T"8JY"q*-DU0`fjkMPQRSTUVWXYZ[\]^`cegijlV.1XC Um<9SejkN_abdfhkkO #%EOkmnp6RTUWw,/02R&Oknoq7:;=]iLhkln PloprZZZg\{\}\xʆֆH' X%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕX%ĕ̕::XXT`X _Toc126506855 _Toc126506856 _Ref105244622 _Toc105245277 _Toc105245543 _Toc105245641 _Toc105245739 _Toc126506857 _Toc126506858 _Toc126506859 _Toc126506860 _Toc126506861 _Toc126506862 _Toc126506863 _Toc126506864 _Toc126506865 _Toc126506866 _Toc126506867 _Toc91234085 _Toc99267564 _Toc126506868 _Toc126506869 _Toc117070847 _Toc126339635 _Toc126506870 _Toc126506871 _Toc115325177G G G G G  !8!e&O6x6>Vb}}}ˆˆˆ v(  k k k k k 07!f!&v6h8I>Vb.~.~̓GGG(N2M2<<axpxiq ̋ISNV;v!"$%( 1 b c d p @CXo###,;--B/2K4449:<<AAsBtBDD0F1FFFwGxGGGGGoIpI/M4MMMNNNNUUa bikykkbodopWpqq[vfvyf{Y_;!"$%(%38!h!e&&o;;σTi`xH!9 k&ڊKs2I݌2NÍ!:;ߎ gsՏ*F!"$%(;!"$%(o{أ ^`CJaJo(. ^`hH.  L ^ `LhH.   ^ `hH. mm^m`hH. =L=^=`LhH.   ^ `hH. ^`hH. L^`LhH.o{@ Fd<8oxJ'%8!9:;>.@GjH2OP[]]ab(<@3lp!H'`` ``````J`UnknownGz Times New Roman5Symbol3& z ArialcMS Sans SerifTimes New RomanOz Times New Roman CYR?5 z Courier New5& zaTahoma"1hJ