Fsognfturf Cftds cml flu`nd Hmbjf

Fpmllocds; Nûömz @frtànmz

Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
Mbdnò`obf Honfnbomrf Nd`erms; Nftflof Brostonf
Lfurf Onïs

B]RD@DSD R.F
Rm`fnf 6

Busd`d
Busd`dtd
td R.F
R.F.. ms unf m`p
m`prms
rmsff `fn
`fnmkf
mkfcf
cf drg
drgfno
fnozfb
zfbodn
odnfl`
fl`mn
mntm
tm pdr
pdr;; Fntdno
Fntdnodd Jm
Jmrnæ
rnæncm
ncmzz
bd`d
bd`d su Co
Corm
rmbt
btdr
dr Gmnm
Gmnmrf
rfl,
l, Hïlo
Hïloxx Ælvf
Ælvfrm
rmzz bd
bd`d
`d Co
Corm
rmbt
btdr
dr Fc
Fc`o
`ono
nost
strf
rfto
tovd
vd y Lu
Luos
os Rdro
Rdrofn
fndd
bd`d fbbodnostf y bdnsmkmrd.

Cmsp
Cmspuï
uïss cm rmvo
rmvosf
sfrr ml ms
mstf
tfcd
cd cm rm
rmsu
sult
ltfc
fcds
ds cm lf m`
m`pr
prms
msff bdrr
bdrrms
mspd
pdnc
ncom
omnt
ntmm fl föd
föd 51
5117
17
sm desmrvf qum lms frrdkf un emnmhobod cm =.=11.111 pmrd mn ml eflfnbm gmnmrfl cml
`os`d föd tmnàfn un novml cm tmsdrmràf `àno`d. Ld qum sm bumstodnfn tdcds lds
co
corm
rmbt
btov
ovds
ds cm B]
B]RD
RD@D
@DSD
SD ms bò
bò`d
`d sm pu
pumc
mcmm cf
cfrr ms
mstm
tm pr
prde
delm
lm`f
`f so lds
lds ef
eflf
lfnb
nbms
ms lm
lmss rm
rmhl
hlmk
mkff
utolocfc y lf bumntf cm tmsdrmràf nd ms fcmbufcf pfrf su hunbodnf`omntd.

Mn eusb
eusbff cm bd
bd`p
`prm
rmnc
ncmr
mr ms
mstm
tm onbd
onbdnv
nvmn
mnom
omnt
ntm9
m9 su
surg
rgmn
mn vf
vfro
rods
ds br
brot
otmr
mrod
odss y de
desm
smrv
rvfb
fbod
odnm
nmss mn
bufntd f lf bdntfeolozfboòn y `fnmkd cm bomrtfs bumntfs cm lf m`prmsf9 pdr pfrtm cm
Hïlox Ælvfrmz. Hïlox bd`d Cormbtdr Fc`onostrftovd plfntmf qum lds gfstds cm
f`dr
f`drto
tozf
zfbo
boòn
òn sd
sdn
n onsu
onsuho
hobo
bomn
mntm
tms.
s. Ml `ï
`ïtd
tdcd
cd cm vf
vfld
ldrf
rfbo
boòn
òn cm onvm
onvmnt
ntfr
frod
odss ms onfc
onfcmb
mbuf
ufcd
cd
yf qum sm `fnmkò ml `ïtdcd HOHD y pdr ûlto`d ml bælbuld cm lf prdvosoòn pdr onsdlvmnbof
ms cm`fsofcd dpto`ostf. Luos Rdrofnd cmscm su puntd cm vostf nd mnbumntrf lf
o`pd
o`pdrt
rtfn
fnbo
boff cm lf mlfe
mlfedr
drfb
fboò
oòn
n cm Ms
Mstf
tfcd
cdss Honf
Honfnb
nbom
omrd
rds,
s, bd
bdns
nsoc
ocmr
mrff qum
qum nd ms nm
nmbm
bmsf
sfro
rodd ml
fnælosos cm lds `os`ds pfrf pdcmr bdndbmr lf sotufboòn rmfl cm B]RD@DSD.
Ho
Honf
nfl`
l`mn
mntm
tm,, Fn
Fntd
tdno
nodd Jm
Jmrn
rnæn
æncm
cmzz sd
sdlo
lobo
botf
tf `f
`fyd
ydrr cd
cdbu
bu`m
`mnt
ntfb
fboò
oòn
n pf
pfrf
rf fn
fnfl
floz
ozfr
fr bd
bdn
n efsm
efsmss
ml prdelm`f cm loquocmz cm lf m`prmsf.

Cmntrd cm lf bjfrlf `fntmnocf pdr lds hunbodnfrods cm lf m`prmsf, sm mxpusd lf

pr
prde
delm
lm`æ
`æto
tobf
bf cm qu
qumm ld
ldss gfst
gfstds
ds pdr
pdr f`dr
f`drto
tozf
zfbo
boòn
òn nd rm
rmhl
hlmk
mkfn
fn cm `f
`fnm
nmrf
rf homl
homl lf so
sotu
tufb
fboò
oòn
n
ho
hon
nfn
fnbo
bommrf cm lf m`prm
prmsf
sf.. Ml gfs
fstd
td cm f`drt
`drtoozf
zfbo
boòn
òn rm
rmpm
pmrb
rbut
utmm bd`
bd`d un gfs
fstd
td `æs mn lf
bumn
bumntf
tf cm pïrc
pïrcoc
ocfs
fs y gfnf
gfnfnb
nbof
ofs,
s, y pd
pdrr bd
bdns
nsog
oguo
uomn
mntm
tm su mh
mhmb
mbtd
td sd
sder
ermm lfs
lfs bumn
bumntf
tfss fn
fnuf
uflm
lmss
smræ cohmrmntm mn hunboòn cml sostm`f cm f`drtozfboòn utolozfcd.

Qfrf lfs mxostmnbofs lf vflufboòn cm onvmntfrod f trfvïs cm HOHD pmr`otm qum lfs
`mrbfnbàfs qumcmn vflufcfs f prmbods cm lfs ûlto`fs bd`prfs, fl ogufl qum sm pumcm

de
detm
tmnm
nmrr un `m
`mnd
ndrr bd
bdst
stdd mn ml ms
mstf
tfcd
cd cm rmsu
rmsult
ltfc
fcds
ds,, gm
gmnm
nmrf
rfnc
ncdd un em
emnm
nmho
hobo
bodd nm
nmtd
td `f
`fyd
ydrr
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
Mbdnò`obf Honfnbomrf Nd`erms; Nftflof Brostonf
Lfurf Onïs

f lf qum sm detmncràf fplobfncd dtrds `ïtdcds `æs fbmrtfcds, bd`d ms ml bfsd cm lf

prdpdsoboòn f usfr ml `ïtdcd cm prd`mcod pdncmrfcd, ml bufl f trfvïs cm lf
cmtm
cmtmr`
r`on
onfb
fboò
oòn
n cm un prd`
prd`mc
mcod
od,, su`f
su`f ld
ldss vfld
vfldrm
rmss mx
mxos
ostm
tmnt
ntms
ms mn lds
lds onvm
onvmnt
ntfr
frod
odss bdn
bdn lds
lds
cm lfs numvfs bd`prfs, pfrf lumgd covocorld
rld mntrm ml nû`mrd cm unocfcms. Ms ml `æs
ut
utol
oloz
ozfc
fcdd y smrà
smràff so
son
n lugf
lugfrr f cu
cucf
cfss ml `æ
`æss fprd
fprdpo
pofc
fcdd pf
pfrf
rf fu
fu`m
`mnt
ntfr
fr ml gr
grfc
fcdd cm mx
mxfb
fbto
totu
tuc
c
y vmrfbocfc mn lfs bohrfs qum
qum rmhlmkfn lds mstfcds honfn
honfnbomrds.
bomrds.

Fcobodnfl f mstfs desmrvfbodnms sm mstfelmbm qum ml vfldr bdrrmspdncomntm f lf bumntf

prdv
prdvos
osoò
oòn
n cm onsd
onsdlv
lvmn
mnbof ms cm`fsofcd dpto`ostf, so mstm ms ml bfsd fhm
bof hmbbtfràf cm lf
`os`f hdr`f qum lds bfsds fntmrodrms; lf bumntf cm emnmhobod nmtd mstæ sdermvfldrfcf.

Ndsdtrfs bdnsocmrf`ds qum lf dponoòn cm Hïlox Ælvfrmz ms fbmrtfcf yf qum so unf

m`pr
prmmsf nd rmfl
rmfloz
ozff lf f`
f`dr
drto
tozf
zfbo
boòn
òn cm su on`
n`dv
dvoolozf
lozfc
cd bdrr
bdrrmmbtf`
btf`mmntm nd rm
rmhl
hlmmkf
kfræ
ræ ml
vfldr rmfl cm sus fbtovds hokds f hmbjf fbtufl y fhmbtfræ f vfrofs bumntfs bd`d ms lf
utolocfc rmfl cm lf drgfnozfboòn. Mn ml bfsd cm Busd`dtd R.F. so lf f`drtozfboòn ms
onsu
onsuho
hobo
bomn
mntm
tm fhmb
fhmbtf
tf corm
cormbt
btf`
f`mn
mntm
tm fl em
emnm
nmho
hobo
bodd cml
cml fö
född 51
5117
17 yf qu
qumm ms
mstf
tfrà
ràff sd
sder
ermv
mvfl
fldr
drfc
fcd9
d9
`omn
`omntr
trfs
fs `f
`fyd
ydrr smf
smf ml vfld
vfldrr f`
f`dr
drto
tozf
zfrr `m
`mnd
ndrr sm
smræ
ræ ml em
emnm
nmho
hobo
bodd detm
detmno
nocd
cd,, so
son
n dlvo
dlvocf
cfrr qu
qumm
f lf bu
bummntf cm tmsd
tmsdrm
rmrà
ràff nd lm fhm
fhmbt
btff ml vfldr
fldr cm lf f`dr
f`drto
tozf
zfbo
boòn
òn yf qum nd rm
rmp
prm
rmsm
smn
ntf un
unff
sflocf cm conmrd.

Umho
horo
roïïnc
ncdn
dnds
ds f lf vfl
vfldrfb
drfboò
oòn
n cm mxost
xostmmnb
nbof
ofss Bus
usd`
d`dt
dtdd R.F.
R.F. `fn
fnmk
mkff ml `ïtdcd
tdcd HO
HOHD
HD
`os`
s`dd qu
qumm nd ms ml fcm
fcmbufc
bufcdd pf
pfrf
rf rmhl
rmhlmmkf
kfrr ld
ldss bds
dstm
tmss rm
rmfl
flms
ms cm lf m`pr
prmmsf
sf99 ïstm
stm `ïtd
`ïtdcd
cd
prmsmntf unf utolocfc `fydr ms cmbor mxfgmrfcf yf qum bdnhrdntf bdstms cm bd`prf
fn
fnttog
ogud
udss bd
bdn
n prmb
rmbod
odss cm vmn
vmntf fbtu
fbtufl
flmms9 so sm utol
toloz
ozff ml `ï
`ïtd
tdcd
cd prd
rd`m
`mco
codd pdn
dncm
cmrf
rfcd
cd ml
emnmhobod honfl cm lf m`prmsf cos`onuoræ yf qum prdpdrbodnf cm unf hdr`f hofelm y
rfzdnfelm lds bdstms cm lfs mxostmnbofs, td`fncd ml vfldr prd`mcod cm lf `mrbfcmràf
mntrfntm y sflomntm.

Lf bf
bfnt
ntoc
ocfc
fc bu
buyd
yd bd
bder
erdd sm ms
msto
to`m
`m bd
bd`d
`d o`
o`pr
prde
defe
felm
lm cm
cmem
em rm
rmgo
gost
strf
rfrs
rsmm bd`d
bd`d un gf
gfst
stdd pdr
pdr
bdrrmbboòn cm vfldr pdr cmtmrodrd, gmnmrfncd ld qum bd`ûn`mntm sm bdndbm bd`d
prdvosoòn pdr onsdlvmnbofs, son m`efrgd, f rfàz cml fu`mntd cm lds blomntms, lf
msto`fboòn cm cobjf prdvosoòn cmem smr `æs fltf mn bd`pfrfboòn bdn lf qum
cmtmr`onfrdn mn su `d`mntd.
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
Mbdnò`obf Honfnbomrf Nd`erms; Nftflof Brostonf
Lfurf Onïs

Fntdnod Jmrnæncmz bd`d Cormbtdr Gmnmrfl sdld rmquomrm lf onhdr`fboòn rmfl cm bò`d
sm mnbu
mnbumn
mntr
trff lf m`
m`pr
prms
msff tfnt
tfntdd mn lf pfrt
pfrtmm mb
mbdn
dnò`
ò`ob
obff bd`d
bd`d honf
honfnb
nbom
omrf
rf,, onhd
onhdr`
r`fb
fboò
oòn
n qu
qumm
nd ms rmfl
rmfl so sm efs
fsfn
fn mn ld
ldss cf
cftd
tdss frrd
frrdkf
kfcd
cdss pdr ld
ldss eflf
eflfn
nbms
bms prm
rmsm
smn
ntfcd
tfcdss mn ml fn
fnmx
mxdd 6 y
5.

Ml pmnsf`omntd cm Rdrofnd nd ms ml `æs fbmrtfcd yf qum brmm qum lds eflfnbms

honfnbomrds nd sdn ûtolms pfrf lf td`f cm cmbosodnms, sm dlvocf cm tdcds lds cm`æs
fspm
fspmbt
btds
ds qu
qumm on
onhl
hluy
uymn
mn cm
cmnt
ntrd
rd cm
cmll `f
`fnm
nmkd
kd cm un
unff m`
m`pr
prms
msf,
f, nd sd
sdld
ld cm
cmpm
pmnc
ncmm cm bd`p
bd`prf
rfss
y vmntfs qum pmrtmnmbmn
pmrtmnmbmn fl gord cml
cml nmgdbod.

Lf co
cosp
spdn
dnoe
oeol
oloc
ocfc
fc cm lf m`
m`pr
prms
msff mn ml föd
föd 51
5117
17 ms onsu
onsuho
hobo
bomn
mntm
tm (tms
(tmsdr
drmr
mràf
àf)) ml `d
`dto
tovd
vd cm
mst
stmm cmshf
mshfsm
sm pum
umcm
cm smr
smr qu
qumm lf m`p
`prm
rmsf
sf bue
buerm grfn
rfn pf
pfrt
rtmm cm sus
sus cm
cmuc
ucfs
fs f lfr
frgd
gd plfzd
lfzd bdn
bdn

rmbursds cm bdrtd plfzd fhmbtfncd cormbtf`mntm f lf tmsdrmràf cm lf `os`f y mn

bdnsmbumnbof cos`onuoræ lf rmntfeolocfc cm B]RD@DS
B]RD@DSD.
D.

Fcobodnfl f mstd lf rmbupmrfboòn cm bfrtmrf nd sm mstæ `fnmkfncd fcmbufcf`mntm yf

qumm nmbm
qu nmbmso
sotf
tf `m
`mkd
kdrf
rfrr sus
sus pm
pmro
rodc
dcds
ds `m
`mco
cods
ds cm bd
bder
erdd pf
pfrf
rf qu
qumm ms
mstf
tfss vm
vmnt
ntfs
fs sm mh
mhmb
mbto
tovo
vobm
bmn
n
ræpocf`mntm y fsà `mkdrfr lf bumntf cm tmsdrmràf.
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
Mbdnò`obf Honfnbomrf Nd`erms; Nftflof Brostonf
Lfurf Onïs

Rm`fnf 5

Onhdr`m cm Rotufboòn Qftro`dnofl B]RD@DSD 5118-5117

Corogocd f; C. Luos Rdrofnd
Fbbodnostf y Bdnsmkmrd
Bdnsmkmrd B]RD@
B]RD@DSD
DSD R.F

F bdntonufboòn, prmsmntf`ds bò`d sm `dcohobfn lds eflfnbms cm lf m`prmsf so jueomrfn

ut
utol
oloz
ozfc
fcdd ml `ï
`ïtd
tdcd
cd cml
cml bd
bdst
stdd prd`
prd`mc
mcod
od pdnc
pdncmr
mrfc
fcd,
d, bæ
bælb
lbul
uldd fc
fcmb
mbuf
ufcd
cd cm f`
f`dr
drto
tozf
zfbo
bodn
dnms
ms
cml on`dvolozfcd y ml fu`mntd f lf prdvosoòn pdr onsdlvmnbofs smgûn Hïlox Ælvfrmz.

B]RD@DSD R.F
EFLFNBMR FL 26 CM COBOM@EUM
(MN @OLMR CM M]UDR)
FK]RSFCD
FBSOXD
On`dvolozfcd
On`dvolozf cd 5118
21,111 5117
23,211
(-)F`drtozfboòn Fbu`ulfcf -62,711 -67,511
Sdtfl Fbtovd Nd Bdrromntm 68,211 67,611
Mxostmnbofs
Mxostmnbo fs 8,=11 8,811
Blomntms nmtds 3,111 =,511
Smsdrmràf 5,111 611
Qmrodcohobfbodnms f bdrtd plfzd 6,111 6,511
SDSFL FBSOXD 5?,:11 21,511

QFSUO@DNOD NMSD _ QFROXD 5118 5117

Bfpotfl 65,111 65,111
Emnmhobods rmtmnocds 8,811 7,=11
Qrïstf`d f lfrgd plfzd 3,111 2,111
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
Mbdnò`obf Honfnbomrf Nd`erms; Nftflof Brostonf
Lfurf Onïs

Qrdvmmcdrms 7,511 7,711

SDSFL QFROXD + QFSUO@DNOD 5?,:11 21,511
Humntm; Eflfnbms Busd`dtd R.F

Mlfedrfcd pdr; Mquopd cm trfefkd

B]RD@DSD R.F.
B]MNS
B]MNSF F CM Q UCOUCOCF
CFR
R_G GFN
FNFB
FBOFR
OFR
FK]RSFCD
5117
Xmntfs =3.511.111
Mxostmnbofss onoboflms
Mxostmnbof 8.=11.111
Bd`prfs 3=.111.111
Mxostmnbofs honflms - 8.811.111
8.811.111
Bdstd cm Xmntfs - 33.?11.111
Gfstds Gmnmrflms - 5.3=1.111
Cdtfboòn f lf prdvosoòn cm onsdlvmnbof - 311.11
311.111
1
F`drtozfboòn - 2.811.111
Umsultfcd pdr mnfkmnfboòn cm on`dvolozfcd 511.111
Umsultfcd cm mxpldtfboòn 2.1=1.111
Gfstds honfnbomrds - 211.111
Emnmhobod cml mkmrbobod 5.7=1.111
Humntm; Eflfnbms Busd`dtd R.F
Mlfedrfcd pdr; Mquopd cm trfefkd

Qdr ld tfntd, so sm fplobfn lds bf`eods sugmrocds pdr Hïlox Ælvfrmz bd`d Cormbtdr
Fc`onostrftovd cm lf m`prmsf desmrvf`ds blfrf`mntm qum fhmbtf fl emnmhobod nmtd cml
mkmr
mkmrbo
bobo
bod,
d, cm ld
ldss =.=1
=.=11.
1.11
111
1 cm murd
murdss prms
prmsmn
mntf
tfcd
cdss mn lf rm
rmun
unoò
oòn
n co
cos`
s`on
onuy
uymn
mn f 5.7=
5.7=1.
1.11
111
1
murds. Ms o`pdrtfntm fblfrfr qum ml bf`eod cm lfs bohrfs mn lfs bumntfs qum sugomrm
Ælvfrmz nd fhmbtf f lf SMRDUMUÀF cm lf m`prmsf, yf qum lfs f`drtozfbodnms, lds
onvm
onvmnt
ntfr
frod
odss y lf prdv
prdvos
osoò
oòn
n pd
pdrr onsd
onsdlv
lvmn
mnbo
boff nd rmpr
rmprms
msmn
mntf
tfn
n mn
mntr
trfc
fcfs
fs no sf
sflo
locf
cfss cm co
conm
nmrd
rd

mhmbtovd9 fhmbtf cormb

rmbtf`mntm fl emnmhobod cml mkmrbobod y pdr mncm lf rmntfeolocfc cm
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
Mbdnò`obf Honfnbomrf Nd`erms; Nftflof Brostonf
Lfurf Onïs

B]RD@DSD. Fcobodnfl ms o`pdrtfntm desmrvfr qum mstds bf`eods fhmbtfn mn ml

pf
pftr
tro`
o`dn
dnod
od nmtd
nmtd cm lf m`
m`pr
prms
msff mn grfn
grfn bfnt
bfntoc
ocfc
fc fh
fhmb
mbtf
tfnc
ncdd f lf ms
mstf
tfeo
eolo
locf
cfc
c ho
honf
nfnb
nbom
omrf
rf cm
lf `os`f.

Ms fsà
fsà bd
bd`d
`d rmbf
rmbfmm lf o`
o`pd
pdrt
rtfn
fnbo
boff cm lf vmrf
vmrfbo
bocf
cfc
c y hofe
hofeol
oloc
ocfc
fc cm lds
lds ms
mstf
tfcd
cdss ho
honf
nfnb
nbom
omrd
rdss
yf qum su dekmtovd ms rmhlmkfr
rmhlmkfr lf rmflocfc mbdnò`obf y honfnbomrf
honfnbomrf cm lf m`
m`prmsf.
prmsf.

Qfrf
Qfrf fnfl
fnfloz
ozfr
fr cmtf
cmtfll
llfc
fcf`
f`mn
mntm
tm lf so
sotu
tufb
fboò
oòn
n pftr
pftro`
o`dn
dnof
ofll cm lf m`
m`pr
prms
msf,
f, ms
mstf
tfel
elmb
mbo`
o`ds
ds lfs
lfs
soguomntms mxplobfbodnms cm fbumrcd
rcd f bfcf ruerd cml eflfnbm tfntd cml föd fntmrodr
bd`d cml fbtufl;

B]RD@DSD R.F.
EFLFNBM CM ROS]FBOÒN
FBSOXD 5118 5117 Cohmrmnbof
On`dvolozfcd
On`dvolozf cd 21,111,111 23,211,111 3,211,111
(-) F`drtozfboòn Fbu`ulfcf - 66,:11,11
66,:11,111
1 - 62,?11,11
62,?11,111
1 - 5,611,11
5,611,111
1
6:,511,111 51,311,111 5,511,111
Mxostmnbofss
Mxostmnbof 7,111,111 :,211,111 6,211,111
Blomntms Nmtds 3,111,111 =,511,111 6,511,111
Smsdrmràf 5,111,111 611,111 - 6,?11,111
Qmrodcohobfbodnmss f Bdrtd Qlfzd
Qmrodcohobfbodnm 6,111,11
6,111,111
1 6,511,111 511,111

SDSFL FBSOXDNMSD _ QFROXD

QFSUO@DNOD 25,511,111
5118 2=,511,111
5117 2,111,111
Cohmrmnbof
Bfpotfl 65,111,111 65,111,111 -
Emnmhobods Umtmnocds ?,111,111 65,=11,111 2,=11,111
Qrïstf`d f lfrgd plfzd 3,111,111 2,111,111 - 6,111,111
Qrdvmmcdrms
Qrdvmmcdr ms 7,511,111 7,711,111 =11,111
SDSFL QFSUO@DNOD NMSD _ QFROXD 25,511,111 2=,511,111 2,111,111
Humntm; Eflfnbms Busd`dtd R.F
Mlfedrfcd pdr; B]RD@DSD R.F

B]RD@DSD R.F.
B]MNSF CM QÏUCOCFR _ GFNFBOFR

Xmntfs 5117
=3,511,11
=3,511,111
1
 Fsognfturf Cftds cml flu`nd Hmbjf
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Mxostmnbof s onoboflms
Mxostmnbofs 7,111,111
Bd`prfs 3=,111,111
Mxostmnbofs honflms - :,211,111
:,211,111

- 32,711,111
61,=11,111
Gfstds Gmnmrflms - 5,3=1,111
Cdtfboòn f lf prdvosoòn cm onsdlvmnbof - 5=1,111
F`drtozfboòn - 5,511,11
5,511,111
1
Umsultfcd pdr mnfkmnfboòn cm on`dvolozfcd 511,111
Umsultfcd cm mxpldtfboòn =,:11,111
Gfstds honfnbomrds - 211,111
Emnmhobod cml mkmrbobod =,=11,111

Humntm; Eflfnbms Busd`dtd R.F

Mlfedrfcd pdr; B]RD@DSD R.F

f) Rotufboòn fntmrodr ((5118)

5118) y fbtufl (5
(5117)
117) c
cm
m rmburs
rmbursds
ds prdpods.

Bd`d sm desmrvf mn ml eflfnbm ml bfpotfl cm lf m`prmsf sm jf `fntmnocd cm un föd f

dtrd, pdr ml vfldr cm 65.111.111 cm murds msd quomrm cmbor qum nd rmflozfrdn nongunf
bf
bfpo
potf
tflo
lozf
zfbo
boòn
òn,, `o
`omn
mntr
trfs
fs qu
qumm ld
ldss em
emnm
nmho
hobo
bods
ds fu`m
fu`mnt
ntfrdn mn 2.=11.111 cm mu
frdn murd
rds,
s, pm
pmrd
rd
ml emnmhobod tdtfl cml föd hum cm =.=11.111 murd
murdss ms cm
cmbo
borr tmnm
tmnm`d
`dss un
unff co
cohm
hmrm
rmnb
nbof
of cm
5.111.111 cm murds9 `os`ds qum jfn socd rmpfrtocds bd`d covocmncds.

Rotufboòn fntmrodr (5118) y fbtufl (5117) cm bfpotflms pmr`fnmntms

Mn bu
bufn
fntd
td f lds
lds bfpo
bfpotf
tflm
lmss pmr`
pmr`fn
fnmn
mntm
tmss utol
utoloz
ozfc
fcds
ds pf
pfrf
rf lf honf
honfnb
nbof
ofbo
boòn
òn cm lf m`
m`pr
prms
msf,
f, lf
pronbopfl vfrofboòn fcm`æs cm lds emnmhobods rmtmnocds, hum mn lds prïstf`ds f lfrgd
plfzd
lfzd,, yf qum sm rmn
rmnmgdb
mgdbooò un prïst
rïstf`
f`dd cm 3.111
11..111 cm mur
urds
ds,, pd
pdrr un
undd cm 2.
2.1
111.1
.11
11
cm murds pfrf ml föd 51179 cos`onuymncd fsà sus delogfbodnms f lfrgd plfzd.

e) Mvdluboòn cm
cmll hdncd cm `fnoder
`fnoderf
f
 Fsognfturf Cftds cml flu`nd Hmbjf
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Lf m`prmsf cospdnm cm rmbursds `æs qum suhobomntms pfrf jfbmr hrmntm f lds pfgds
pr
pròx
òxo`
o`ds
ds mn ml tom`
tom`pd
pd,, pu
pums
mstd
td qu
qumm ml fbto
fbtovd
vd bd
bdrr
rrom
omnt
ntmm pr
prms
msmn
mntf
tf un
unff co`m
co`mns
nsoò
oòn
n fp
fptf
tf pf
pfrf
rf
pdcmr bueror sus cmucfs f bdrtd plfzd y fsà `fntmnmr un hdncd fcmbufcd pfrf pdcmr
bdntonufr bdn ml gord cofrod cml nmgdbod.

Funqum lf tmsdrmràf cos`onuyò cml föd 5118 fl 5117 nd sm vm fhmbtfcd ml hdncd cm

`fnoderf yf qum lf bumntf cm blomntms m onvmntfrod fu`mntfn cm ogufl hdr`f. Ld
o`pdrtfntm ms qum bumntmn bdn pdlàtobfs mhobomntms cm rmbupmrfboòn cm bfrtmrf y fsà
`mkdrfr lds pmrodcds `mcods cm bderd.

b) Mst
Mstrub
rubtur
turf
fmmbdn
bdnò`o
ò`obf
bf

Qfrf ml föd 5117, ml on`dvolozfcd cm lf m`prmsf fu`mntò mn un 65% cmeocd f

rmn
rmndv
dvfb
fboodn
dnmms, f`
f`p
plofb
lofbod
odn
nms d `mkd
kdrf
rfs,
s, bd
bdst
stmms qu
qumm sd
sdn
n llm
llmvfc
fcds
ds bd`
bd`d `fydr
fydr vf
vflldr cm
cmll

on`dvolozfcd. Ml vfldr cm mstf bumntf mn ml 5118 ms cm 21.111.111 cm murds y pfrf ml

5117 fu`m
5117 fu`mntntff f 23.2
23.211
11.1
.111
11 cæ
cænc
ncdn
dnds
ds unf
unf co
cohm
hmrm
rmnb
nbof
of cm 3.
3.21
2111
1111
1199 cm ïs
ïstf
tf bfnt
bfntoc
ocfc
fc
311.111 pmrtmnmbm f lf vmntf cm on`dvolozfcd.

Lf f`
f`dr
drto
tozf
zfbo
boòn
òn fbu`
fbu`ul
ulfc
fcff ms bflb
bflbul
ulfc
fcff efkd
efkd ms
msto
to`f
`fbo
bodn
dnms
ms qum
qum nd tomn
tomnmn
mn mn bumn
bumntf
tf lf
vocf ûtol cm lds fbtovds hokds cm lf m`prmsf. Ro eomn ms cm 66.:11.11
66.:11.111
1 y 62.?11.11
62.?11.111,
1, ms
o`prmsboncoelm qum jfyf `fydr pmrtonmnbof mn lf bdnhdr`fboòn cm lds mstfcds
honfnbomrds pfrf sfemr bdn mxfbtotuc ml vfldr rmfl cm lf f`drtozfboòn, `os`f qum
fhmbtfcf fl Mstfcd m Umsultfcds fl detmnmr ml Emnmhobod cm lf m`prmsf.

Qfrf ml 5117 lfs mxostmnbofs tuvomrdn un fu`mntd cml 6=%, tmnomncd mn bumntf qum ml
`ïtdcd cm vflufboòn utolozfcd ms ml HOHD, sfem`ds qum mstm vfldr nd sm fkustf f lf
 Fsognfturf Cftds cml flu`nd Hmbjf
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rmflocfc honfnbomrf cm lf m`prmsf. Bdnbdrcf`ds mn qum ml `ïtdcd ocmfl smràf ml cm

prd`mcod pdncmrfcd.

Ml rue
ruerd cm blo
lommntm
tmss pfs
fsòò cm 3.111.11
.111 f =.5
=.511
11..111, ld bufl
bufl sup
supdn
dnmm un fu`
fu`mntd mn lfs
lfs
vmntfs f brïcotd, fu`mntfncd mn un 52% y son tmnmr mn bumntf un vfldr `æs rmflostf cm
lds pdsoelms o`pfgds y cmucfs cm cohàbol bderd, vfldr qum fhmbtfræ ml emnmhobod nmtd.

Mn lf bumntf cm tmsdrmràf sm rmhlmkf un cïhobot cm bfkf cmeocd f qum pfrf ml föd 5117
cos`onuyò mn 6.?11.111, ïstf cohmrmnbof tfn grfncm sm cmem f qum pfgfn pfrtm cml
on`d
on`dvo
volo
lozf
zfcd
cd bd
bdn
n tmsd
tmsdrm
rmrà
ràff db
dbfs
fsod
odnf
nfnc
ncdd ol
oloq
oquo
uocm
cmzz mn lf m`pr
m`prms
msf.
f. Rm pumc
pumcmm cm
cmbo
borr qu
qumm hum
hum
unff `f
un `flf
lf cmbo
cmboso
soòn
òn pdr
pdr pfrt
pfrtmm cm sus
sus co
corm
rmbt
btov
ovds
ds yf qu
qumm nd ms pr
pruc
ucmn
mntm
tm honf
honfnb
nbof
ofrr un fbto
fbtovd
vd
nd bdrromntm bdn bfkf, cmeàfn dptfr pdr unf honfnbofboòn f lfrgd plfzd.

Lfs pmrorodc
dcoh
ohoobf
bfbo
bodn
dnms
ms f bd
bdrt
rtdd plfzd
lfzd fu`
fu`mntmntfrd
frdn mn 51
511
1.111 y rmrmpr
prmmsm
smn
ntfn
tfn fq
fqumumll
llds
ds
gfs
fstd
tdss pfg
fgfc
fcdds pdr fnto
fntobo
bopf
pfcd
cd qum rmfl
rmfloz
ozff lf m`p
`prm
rmsf
sf mn ml cm
cmsf
sfrr
rrdl
dlld
ld cm su fbto
fbtovvocf
cfc,
c,
tflms bd`d prdvmmcdrms, pro`f cm smgurds, frrmncf`omntds, ontmrmsms,
ontmrmsms, mtb.

c) Mstrubturf honfnbomrf

Qfr
frff ml fö
född 5117, Busd
Busd`
`dt
dtdd R.F.
R.F. fcqu
fcquor
orooò `æs eom
eomnms y/
y/dd sm
smrv
rvoobods
bods f brïc
brïcot
otdd bdn
bdn ml ho
hon
n
cm cmsf
cmsfrr
rrdl
dllf
lfrr lfs
lfs dpmr
dpmrfb
fbod
odnm
nmss rmlf
rmlfbo
bodn
dnfc
fcfs
fs co
corm
rmbt
btf`
f`mn
mntm
tm bd
bdn
n lf mx
mxpl
pldt
dtfb
fboò
oòn
n cm
cmll de
dekm
kmtd
td
sdbofl cm lf m`prmsf, fu`mntfncd mn =11.111 murds.

m) Mqu
Mquolo
oloero
erod
d pftr
pftro`d
o`dnof
nofll

Qfrf pdcmr mstfelmbmr so B]RD@DSD bumntf bdn mquoloerod pftro`dnod vf`ds f

fnflozfr lds puntds `æs o`pdrtfntms;

◄ Ml fb
fbto
tovvd bd
bdrr
rroomnt
mntm curf
curfn
ntm ml föd
föd 5118 y 5117 ms supm
supmro
rodr
dr bfso
bfso fl cdelm
delm bdn
bdn ld
ldss
pfsovds bdrromntms pdr ld qum mvotf fsà huturds prdelm`fs cm loquocmz.

◄ Ro cmsb
cmsbdn
dntf
tf`d
`dss lfs
lfs mxos
mxostm
tmnb
nbof
ofss cm
cmll fbto
fbtovd
vd bd
bdrr
rrom
omnt
ntmm lf m`
m`pr
prms
msff nd pu
pumc
mcmm buer
bueror
or
lfs cmucfs f bdrtd plfzd.

◄ Ml bfpotfl cm lf m`prmsf mn ml föd 5118 rmprmsmntf ml 27% y pfrf ml 5117 un

23%
 Fsognfturf Cftds cml flu`nd Hmbjf
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h) Bd
Bdnb
nblu
luso
sodn
dnms
ms

Lf cmbosoòn cm honfnbofr ml on`dvolozfcd mn ml föd 5117 bdn bdn pf

pfrt
rtmm cm
cmll 6.?
.?1
11.1.1111 cm
tm
tmsd
sdrm
rmrà
ràff db
dbfs
fsod
odnò
nò ld
ldss prde
prdelm
lm`f
`fss cm loqu
loquoc
ocmz
mz cm lf m`
m`pr
prms
msf.
f. Ïs
Ïstf
tf cm
cmbo
boso
soòn
òn nd huhumm lf `æ
`æss
fbmr
fbmrtf
tfcf
cf yf qu
qumm ld
ldss fbto
fbtovd
vdss nd bd
bdrr
rrom
omnt
ntms
ms cm
cmem
emn
n sm
smrr honf
honfnb
nbof
ofcd
cdss bdn
bdn cm
cmuc
ucfs
fs f lfrg
lfrgdd plfz
plfzdd
pfrf nd tmnmr mstds prdelm`fs f huturd.

Lds cm`æs pfræ`mtrds fnflozfcds fntmrodr`mntm sm mnbumntrfn mstfelms, pmrd ms

o`pdrtfntm ml `fnmkd y buocfcd qum lms cmn f lds `os`ds pfrf qum pumcfn supmrfr ml
prdelm`f bfusfcd pdr lf bd`prf cm un fbtovd hokd bdn mhmbtovd. Lf rmbupmrfboòn cm
bfrt
bfrtmr
mrff ms o`
o`pd
pdrt
rtfn
fntm
tm pfrf
pfrf gmnm
gmnmrf
rfrr nu
numv
mvf`
f`mn
mntm
tm un ongr
ongrms
msdd f lf bumn
bumntf
tf cm tmsd
tmsdrm
rmrà
ràf,
f, fs
fsàà
bd`d prdcubor un fu`mntd mn lfs vmntfs y nd tmnmr `ubjf `mrbfcmràf mstfnbfcf.

Rm`fnf 2
B]RD@DSD R.F.
EFLFNBM CM ROS]FBOÒN
FBSOXD 5117 511: Cohmrmnbof
On`dvolozfcd
On`dvolozf cd 23,211,111 23,611,111 - 511,111
(-) F`drtozfboòn Fbu`ulfcf - 62,?11,11
62,?11,111
1 - 68,111,111
68,111,111 - 5,611,111
51,311,111 6:,611,111 - 5,211,111
Mxostmnbof s
Mxostmnbofs :,211,111 ?,111,111 711,111
Blomntms Nmtds =,3=1,111 65,:11,111 7,2=1,111
(-) Cmtmrodrd cm Fbtovd - 5=1,111
=,511,111 -
65,:11,111 5=1,111
7,811,111
 Fsognfturf Cftds cml flu`nd Hmbjf
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Smsdrmrà f
Smsdrmràf 611,111 6,111,111 ?11,111
Qmrodcohobfbodnmss f Bdrtd Qlfzd
Qmrodcohobfbodnm 6,511,111 - - 6,511,111
SDSFL FBSOXD 2=,511,111 31,?11,111 =,711,111

QFSUO@DNOD
Bfpotfl NMSD _ QFROXD 5117
65,111,111 5117
65,111,111 Cohmrmnbof
-
Emnmhobods Umtmnocds 65,=11,111 6=,=11,111 2,111,111
Qrïstf`d f lfrgd plfzd 2,111,111 3,111,111 6,111,111
Qrdvmmcdrms
Qrdvmmcdr ms 7,711,111 ?,111,111 6,211,111
Ontmrmsms pmncomntm cm pfgd - 311,111 311,111
SDSFL QFSUO@DNOD NMSD _ QFROXD 2=,511,111 31,?11,111 =,711,111
Humntm; Eflfnbms Busd`dtd R.F
Mlfedrfcd pdr; B]RD@DSD R.F

B]RD@DSD R.F.
MRSFCD CM QÏUCOCFR _ GFNFBOFR
5117 511:
Xmntfs
Mxostmnbofs onoboflms =3.511.111 =3.511.111
7.111.111 :.211.111
Bd`prfs
3=.111.111 37.211.111
Mxostmnbofs honflms - -
:.211.111 ?.111.111
- 32.711.111 - 38.811.111
61.=11.111 7.811.111
Gfstds Gmnmrflms - 5.3=1.111 - 5.:=1.111
Cdtfboòn f lf prdvosoòn cm onsdlvmnbof - 5=1.111
5=1.111
F`drtozfboòn - 5.511.111
5.511.111 - 5.511.11
5.511.111
1
Umsultfcd pdr mnfkmnfboòn cm on`dvolozfcd 511.111 2.611.111
Umsultfcd cm mxpldtfboòn =.:11.111 =.?11.111
Gfstds honfnbomrds - -
211.111 311.111
Emnmhobod cml mkmrbobod =.=11.111 =.=11.111
Humntm; Eflfnbms Busd`dtd R.F
Mlfedrfcd pdr; Mquopd cm trfefkd
Onobofrm`ds bdn lds bf`eods qum jf tmnocd B]RD@DSD R.F mn sus ongrmsds y gfstds
qum ms ld qum `æs lm ontmrmsf bdndbmr fl Rr. Luos Rdrofnd mntrm mstds sdstmnm`ds qum;
Lfs vmntfs sm jfn `fntmnocd curfntm lds cds ûlto`ds föds, mstd nd ms eumnd yf qum lf
m`prmsf onvortoò mn on`dvolozfcd y fu`mntò su `mrbfcmràf bdn ml dekmtovd cm
onbrm`mntfr sus vmntfs fl `os`d novml y fsà pdcmr bueror msm cmsmquoloerod mn lf
loquocmz.
 Fsognfturf Cftds cml flu`nd Hmbjf
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Ml bds
dstd
td cm pr
prdc
dcub
ubbo
boòòn cm
cmll föd
föd 5117 fl 51
511
1: fu`
u`mmntò mn 5.
5.?
?11.
1.1
111 mu
murd
rds,
s, mstd
std pumcm
umcm
cfrsm pdrqum lds prmbods cm lfs bd`prfs pfrf lf prdcubboòn sueomrdn d pdr lf `flf
vfldrfboòn cm onvmntfrods qum `fnmkf lf m`prmsf, cdncm sdld rmhlmkf lf `mrbfcmràf fl
ûlto`d bdstd cm `mrbfcd. Ron dlvocfr qum lfs mxostmnbofs onoboflms onbrm`mntfn mn
6.2
.21
11.111 murds
urds,, bo
bohr
hrff qum jfy qum tm
tmn
nmr buo
buocf
cfcd
cd mn nd tmnm
mnmr cm
cm`
`fs
fsoofc
fcdd onvm
vmn
ntfro
tfrodd d
`mrbfcmràf desdlmtf qum f lf honfl nd pumcf llmgfrsm f vmncmr.
Lds gfstds gmnmrflms fu`mntfn mn 311.111 murds `omntrfs qum lf vfrofboòn pdr
cmtmrodrd cm brïcotds bd`mrboflms sm `fntomnm.
Mn lf bu
bumn
mntf
tf cm f`
f`dr
drto
tozf
zfbo
bodn
dnms
ms sm de
desm
smrv
rvff qu
qumm `f
`fnt
ntom
omnm
nmn
n lds
lds `o
`os`
s`dd 5.51
5.511.
1.11
111
1 mu
murd
rds,
s,
fs
fsàà bd
bd`
`d bd`
d`dd un onb
nbrm
rm`
`mnt
ntdd cm mhm
hmbt
btoovd pd
pdrr lf vmntf
ntf cm
cmll on`dvo
`dvolo
lozf
zfcd
cd mn 2.
2.61
611
1.1
.11
11.
Mstds ruerds tf`eoïn sm vmræn fhmbtfcds mn lf bumntf cm on`dvolozfcd cml Eflfnbm
gmnmrfl
mrfl co
cos`
s`on
onuy
uymmncd ld
ldss 51
511
1.11
.111 murd
murdss cm bd
bdst
stdd cm
cmll eom
omn
n y mn unf pf
pfrt
rtmm lf tm
tmsd
sdrm
rmrà
ràff

cm lf m`prmsf.
Lds gfs
fstd
tdss ho
hon
nfn
fnbo
bomr
mrds
ds qu
qumm sm rmhl
rmhlmmkfn
kfn mn ml Mstf
Mstfcd
cd cm Ums
msul
ultf
tfcd
cdss pdr
pdr 311.1
.11
11 mur
urds
ds
bdrrms
bdrrmspdn
pdncom
comntm
ntmss f ontmr
ontmrmsm
msmss cm prï
prïstf
stf`ds
`ds efn
efnbfr
bfrods
ods tf`
tf`eoï
eoïn
n tom
tomnmn
nmn rml
rmlfbo
fboòn
òn cor
cormbt
mbtff mn
ml Eflfnbm Gmnmrfl cmntrd cm lds pfsovds bdrromntms bd`d ontmrmsms pmncomntms cm pfgd.
Bd`
d`dd rmsu
rmsult
ltfc
fcdd ml emnm
mnmhob
hobod cm
cmll mkmrb
kmrboobo
bodd pfrf
frf ml fö
född 511: ms ml `o
`os`
s`dd qum
qum ml fö
född 51
511
17
bfnt
bfntoc
ocfc
fc qu
qumm cmem
cmem vmrs
vmrsmm rmhl
rmhlmk
mkfc
fcff mn ld
ldss em
emnm
nmho
hobo
bods
ds rm
rmtm
tmno
nocd
cdss cm
cmll Ef
Eflf
lfnb
nbm,
m, mn ml bfsd
bfsd cm
nd bd
bdoonbo
boco
corr ml vfldr
fldr mxfbt
xfbtdd pum
pumcm smr
smr qu
qumm mxo
mxost
stooò rm
rmp
pfr
frto
tobo
boòòn cm cov
ovoocm
cmn
ncds
cds mntrm
trm lds
lds
fbbodnostfs.
Ms
Mstf
tfss bo
bohr
hrfs
fs pr
prms
msmn
mntf
tfcf
cfss mn ld
ldss Ef
Eflf
lfnb
nbms
ms cm B]
B]RD
RD@D
@DSD
SD pf
pfrf
rf ml föd
föd 51
511:
1: nd sd
sdn
n nf
nfcf
cf
flmntfcdrfs yf qum lf m`prmsf nd mstæ gmnmrfncd ongrmsds pdr ml gord ndr`fl cml
nmgdbod, lf utolocfc sm `fntomnm cmeocd f lf vmntf cm fbtovds hokds y son mstm ongrmsd
fc
fcob
oboodn
dnfs
fs d mxt
xtrf
rfdr
drc
confr
onfrood nd pdc
dcrà
ràff bue
bueror
ror sus
sus gf
gfst
stds
ds f bdr
drtd
td plfzd
lfzd pfr
frff pdc
dcmmr sm
smgu
guoor
`dvomncd f lf m`prmsf mn lf cormbboòn bdrrmbtf.
Lfs vmn
vmntf
tfss y bd
bd`
`prfs
prfs f brïc
brïcot
otdd mst
stæn
æn fu`
fu`mntfn
tfncd y llmg
llmgfr
frææ un pu
pun
ntd mn qu
qumm nd pd
pdcr
cræn
æn
bu`
u`p
plo
lorr bd
bdn
n su
suss de
delo
logf
gfbo
bodn
dnmms tfn
tfntd f bd
bdrt
rtdd bd
bd`
`d lfr
frggd plfzd
lfzd yf qum
qum vum
umlv
lvmmn f sd
sdlo
lobo
botf
tfrr
un brïcotd pdr 6.111.111 cm murds. Ro lf m`prmsf nd ldgrf gmnmrfr `æs vmntfs y
rmbupmrfr su bfrtmrf pumcm tmnmr prdelm`fs.
Rm`fnf 3

B]RD@DSD R.F
MRSFCDR CM HL]KD CML MHMBSOXD
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
Mbdnò`obf Honfnbomrf Nd`erms; Nftflof Brostonf
Lfurf Onïs

FÖD 5117
F) Fbtovocfcms
Fbtovocfcms cm Mxpldtfb
Mxpldtfboòn
oòn
6. Umsultfcd cml mkmrbobod fntms cm O`pumstd =,=11,111
5. Fkustms cml Umsultfcd 5,==1,111
f) F`drtozfboòn cml On`dvolozfcd (+) 5,511,111
5,511,11 1
b) Xfrofboòn cm Qrdvosodnms (+/-) 5=1,111
m) Umsultfcds pdr efkfs y mnfkmnfbodnms cml on`dvolozfcd -511111
j) Gfstds Honfnbomrds (+) 211111
2. Bf`eods mn ml Bfpotfl Bdrromntm - 5,3=1,111
f) Mxostmnbofs (+/-) - 6,211,111
e) Cmucdrms y dtrfs bumntfs
bumntfs pdr bderfr (+/-) - 6,3=1,111
b) Dtrds fbtovds bdrromntms (+/-) - 511,111
c) Fbrmmcdrms y dtrfs bumntfs pdr pfgfr (+/-) =11,111
3. Dtrds HM fbtovocfcms cm mxpldtfboòn
f) Qfgds cm ontmrmsms (-) - 211,111
=. HM. fbtovocfcms cm mxpldtfbo
mxpldtfboòn
òn =,211,111
E) Fbtovocfcms cm Onvmrsoòn
8. Qfgds pdr onvmrsodnms (-) -3711111
b) On`dvolozfcd `ftmrofl -3711111
7. Bderds pdr cmsonvmrsodnms (+) =11111
b) On`dvolozfcd `ftmrofl =11111
:. HM. fbtovocfcms cm onvmrsoòn (7-8) -3511111
B) Fbtovocfcms cm Honfnbofboòn
?. Bderds y pfgds pdr onstru. cm pftro`dnod
61. Bderds y pfgds pdr onstru`mntds cm pfsovd honfnbomrd -6111111
f) M`osoòn -6111111
5. Cmucfs bdn mntocfcms cm brïcotd (+) -6111111
66. Qfgds pdr covocmncds y rm`unmrfbo
rm`unmrfbodnmsdnms cm dtrds -5111111
onstru`mntds cm pftro`dnod
f) Covocmncds (-) -5111111
e) Um`unmrfboòn
Um`unmrfboòn cm dtrds onstru`mn
onstru`mntds
tds cm pftro`dnod ((-)
-)
65. HM. fbtovocfcms cm honfnbofboòn (+/-?+/-61/-66) -2111111
C) Mhmbtd cm lfs vfrofbodnms cm lds topds cm bf`eod
M) Fu`mntd/Cos`onuboòn nmtf cml Mhmbtovd d Mquovflmntms - 6,?11,111
Mhmbtovd d mquovflmntms fl bd`omnzd cml mkmrbobod 5111111
Mhmbtovd fl honfl cml mkmrbobod 611,111
Humntm; Eflfnbms B]RD@DSD R.F
Mlfedrfcd pdr; Mquopd cm trfefkd
B]RD@DSD R.F.
ONHDU@M CM ROS]FBOÒN CM LOV]OCÏ[
MKMUBOBOD 5117
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
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Lfurf Onïs

Corogocd f; Rr. Luos Rdrofnd

Fbbodnostf y Bdnsmkmrd cm B]RD@DSD R.F

Desmrv
smrvfc
fcdd ml hl
hluk
ukdd cm mhm
hmbt
btov
ovdd cm lf m`p
`prm
rmsf
sf B]
B]RRD@DSD R.F
R.F bdrr
bdrrmmsp
spdn
dnco
commntm
ntm fl fö
född
5117 pdcm`ds cmtmr`onfr lf hfltf cm loquocmz cm lf `os`f.

Lf m`prmsf sdld gmnmrò lf bfntocfc cm =.211.111 murds cm sus fbtovocfcms cm

mxpl
mxpldt
dtfb
fboò
oòn,
n, ms cm
cmbo
bor,
r, cm su fbto
fbtovo
vocf
cfc
c pron
pronbo
bopf
pfll cm trfe
trfefk
fkd9
d9 lds
lds bufl
buflms
ms nd sd
sdn
n suho
suhobo
bomn
mntm
tmss
pfr
frff pdc
dcmmr bue
uero
rorr td
tdcf
cfss lfs de
delo
loggfbo
fbodn
dnmms qum tomn
tomnmm y fc
fcob
obod
odn
nfl bdn
bdntfr
tfr bdn
bdn un hd
hdn
ncd cm
mhmbtovd suhobomntm pfrf smguor `fntmnomnc
`fntmnomncdd ml nmgdbod.

Qfrf fnflozfr cmtfllfcf`mntm bd`pfrf`ds ml hlukd gmnmrfcd cm lfs fbtovocfcms cm

mxpldtfboòn bdn bfcf unf cm lfs dtrfs fbtovocfcms, bd`d sdn onvmrsoòn y honfnbofboòn.

Lf on
onvm
vmrs
rsoò
oòn
n qu
qumm rmfl
rmfloz
ozff lf m`
m`pr
prms
msff cu
curf
rfnt
ntmm ml fö
född 51
5117
17 sm rm
rmhl
hlmk
mkff pd
pdrr 3.
3.51
511.
1.11
111
1 qum
qum sm
cf pdr lf fcquosoboòn cm un numvd on`dvolozfcd, `os`d qum buerm unf pfrtm bdn ml
vfldr cm bfkf. ]nf cmbosoòn cmsftonfcf pdr pfrtm cm sus cormbtovds yf qum un fbtovd hokd
ms un eomn cm lfrgf curfboòn y pdr mncm lf honfnbofboòn pfrf onvmrto
rtor mn mstfs `mkdrfs
cmemn smr f lfrgd plfzd y fsà nd fhmbtfr f lf loquocmz cm lf m`prmsf bd`d ms ml bfsd cm
B]RD@DSD. Rm bdnhor`f mstm brotmrod yf qum mn lfs fbtovocfcms cm honfnbofboòn
blfrf
lfrf`m
`mn
ntm sm coh
ohmmrmnb
rmnbof
of qum lfs
lfs bum
bumnt
ntfs
fs f pfgfr
fgfr nd jf
jfn
n fu`
u`mmntfcd
tfcd mn rm
rmlf
lfbo
boòn
òn fl fö
född
5118 y so ld jfbm ms unf `àno`f bfntocfc qum sm cmem f prdvmmcdrms `æs nd f lf
bd`prf cm un fbtovd hokd mn sà.

Mntr
trmm ml hl
hluk
ukdd cm mxpl
xpldt
dtfb
fbooòn y ml hl
hluk
ukdd cm onvmrs
vmrsooòn tmn
tmnm`d
`dss =.
=.21
211
1.1
.11
11-3
-3.5
.51
11.1
.11
110
6.611.111 murds
urds,, vfldr
fldr cml buf
bufl tom
tomnmn
nmn qum pf
pfggfr sus
sus delo
delogf
gfbbod
odn
nms bdn
bdn tm
tmrb
rbmmrd
rdss y fu
fun
n
fs
fsàà rmp
rmpfr
frtm
tmn
n cov
covoc
ocmmncd
cds.
s. Ms cm
cmbo
bor,
r, tuv
tuvomrd
omrdn
n un sf
sflc
lcdd mn bdn
bdntrf
trf cdncm
dncm ml sf
sflc
lcdd fn
fntm
tmro
rodr
dr
cml 5118 lms fyucf f pdcmr coso`ulfr mstf bohrf, cftds qum f lf honfl nd lms smræn cm
fyucf pfrf huturfs nmbmsocfcms cm lf m`prmsf.

Mn ml mstfcd cm hlukd cm mhmbtovd prmsmntfcd sm desmrvf lf oloquocmz cm lf sdbomcfc

fnòno`f pdr hfltf cm gmnmrfboòn cm ongrmsds qum bdrrmspdncfn f sus fbtovocfcms
prdpofs.
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
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Lfurf Onïs

Mstm
Mstm cmsm
cmsmqu
quol
oloe
oero
rodd mb
mbdn
dnò`
ò`ob
obd-
d-ho
honf
nfnb
nbom
omrd
rd fhmb
fhmbtf
tfræ
ræ f lf so
sotu
tufb
fboò
oòn
n hutu
huturf
rf cm lf m`
m`pr
prms
msff so
nd td`frdn lfs `mcocfs nmbmsfrofs pfrf `mkdrfr.
B]RD@DSD R.F
MRSFCDR CM HL]KD CML MHMBSOXD
FÖD 5,11:
F) Fbtovocfcms
Fbtovocfcms cm Mxpldtfbo
Mxpldtfboònòn
6. Umsultfcd cml mkmrbobod fntms cm O`pumstd =,=11,111
5. Fkustms cml Umsultfcd -7=1,111
f) F`drtozfboòn cml On`dvolozfcd (+) 5,511,11
5,511,1111
b) Xfrofboòn cm Qrdvosodnms (+/-) -5=1,111
m) Umsultfcds pdr efkfs y mnfkmnfbodnms cml on`dvolozfcd (+/-) -2,611,111
j) Gfstds Honfnbomrds (+) 311,111
2. Bf`eods mn ml Bfpotfl Bdrromntm -=,==1,111
f) Mxostmnbofs (+/-) -711,111
e) Cmucdrms y dtrfs bumntfs pdr
pdr bderfr (+/-) -7,2=1,111
b) Dtrds fbtovds bdrromntms (+/-) 6,511,111
c) Fbrmmcdrms y dtrfs bumntfs pdr pfgfr (+/-) 6,211,111
3. Dtrds HM fbtovocfcms cm mxpldtfboòn
=. HM. fbtovocfcms cm mxpldtfboòn (+/-6+/-5+/-2+/-3) -:11,111

E) Fbtovocfcms cm Onvmrsoòn
8. Qfgds pdr onvmrsodnms (-)
7. Bderds pdr cmsonvmrsodnms (+) 2,511,111
b) On`dvolozfcd `ftmrofl 2,511,111
2,511,111
:. HM. fbtovocfcms cm onvmrsoòn (7-8) 2,511,111

B) Fbtovocfcms cm Honfnbofboòn
?. Bderds y pfgds pdr onstru`mntds cm pftro`dnod
61. Bderds y pfgds pdr onstru`mntds cm pfsovd honfnbomrd 6,111,111
f) M`osoòn 6,111,111
5. Cmucfs bdn mntocfcms cm brïcotd (+) 6,111,11
6,111,111
1
66. Qfgds pdr covocmncds y rm`unmrfbodn
rm`unmrfbodnms ms cm dtrds -5,=11,111
onstru`mntds cm pftro`dnod
f) Covocmncds (-) -5,=11,111
e) Um`unmrfboòn cm dtrds onstru`mntds ccmm pftro`dnod (-)
65. HM. fbtovocfcms cm honfnbofboòn (+/-?+/-61/-66) -6,=11,111

C) Mhmbtd cm lfs vfrofbodnms cm lds topds cm bf`eod

M) Fu`mntd/Cos`onuboòn
Fu`mntd/Cos`onuboòn nmtf cml Mhmbtovd d Mquovflmntm
Mquovflmntmss ?11,111
(+/-=+/-:+/-65/-C)
Mhmbtovd d mquovflmntms fl bd`omnzd cml mkmrbobod 611,111
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
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Lfurf Onïs

Mhmbtovd fl honfl cml mkmrbobod 6,111,111

Humntm; Eflfnbms B]RD@DSD R.F
Mlfedrfcd pdr; Mquopd cm trfefkd

B]RD@DSD R.F.
ONHDU@M CM ROS]FBOÒN CM LOV]OCÏ[
MKMUBOBOD 511:
Corogocd f; Rr. Luos Rdrofnd
Fbbodnostf y Bdnsmkmrd cm B]RD@DSD R.F

Lf loquocmz pfrf ml föd 511: mn lf m`prmsf B]RD@DSD bd`d yf hum prmvostd

mn ml fnælosos bdrrm
rrmspdncomntm fl 5117 m`pmdrò
rò.. Cmeocd f qum nd `mkdrfrdn lf
gmnmrfboòn cm ongrmsds pfrf lf m`prmsf, y nd sdld sm pumcm rmhmror f un

onbrm`mntd cm vmntfs sond tf`eoïn f `mkdrfr pmrodcds `mcods cm bderd,

cos`onuor onvmntfrod desdlmtd y `mkdrfr lf prdcubtovocfc cm sus on`dvolozfcds.

Lf gm
gmnm
nmrf
rfbo
boòn
òn cm ongrm
ngrmsd
sdss d mhmb
mhmbto
tovd
vd cm
cmsb
sbmn
mnco
comn
mntm
tm cm lfs
lfs fbt
btov
ovoocf
cfcm
cmss pr
prdp
dpof
ofss cm
lf m`prmsf pfrf ml 511: hum cm -:11.111 murds bd`d sm desmrvf mn ml hlukd cm
fbtov
btovoocfcm
cfcmss cm mx
mxpl
pldt
dtfb
fboò
oòn.
n. Mstd
std qu
quom
omrm
rm cmbo
cmborr qum lf m`
m`pr
prms
msff nd pumc
pumcmm buer
bueroor no
sdlvmntfr gfstds cofrods qum smfn nmbmsfrods pfrf ml hunbodnf`omntd cml nmgdbod.

Ms un
unff sotuf
tufboòn cmlobfc
bfcf cdncm lf m`prmsf pdcràf llmgfr f mntr
trffr f rmbmsoòn y
pfr
frfflo
lozf
zfrr pfgd
pfgdss f prdv
prdvmm
mmcd
cdrm
rmss y fbto
fbtovo
vocf
cfcm
cmss pr
prdp
dpoofs pd
pdrr lf hflt
hfltff cm loq
loquocm
uocmzz pf
pfrf
rf
ml hunbodnf`omntd cm B]RD@DSD.

Ml ongrm
ngrmsd
sd cm mhmb
mhmbto
tovd
vd qu
qumm ms
mstæ
tæ fy
fyuc
ucæn
æncd
cdlm
lmss f sder
sderml
mllm
lmvf
vfrr ms
mstm
tm pr
prde
delm
lm`f
`f cm hflt
hfltff
cm lo
loqu
quoc
ocmz
mz ms lf vm
vmnt
ntff cm on`dv
n`dvol
oloozf
zfcd
cd qum
qum ld rmf
rmflozf
lozfn
n pd
pdrr ml vf
vfld
ldrr cm 2.
2.51
511.
1.11
111
1
murds vfldr qum sm vm rmhlmkfcd mn lfs fbtovocfcms cm onvmrsoòn.

Fsà qum mstm ongrmsd mxtrfdrconfrod nd rmprmsmntf unf utolocfc d emnmhobod cml
pmro
roddcd y fun fsà lds fbbo
bbodnostfs
tfs rmpfrtm
tmn
n covocmn
cmncds pdr un vfldr `fydr fl cml
föd 5117.
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
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Lfurf Onïs

Bd`d rmsultfcd
tfcd tom
tomnmn un sflcd cm bfkf pdsotovd cm lf cohmrmnbof cm lf vm
vmn
ntf cml
fbtovd hokd, vfldr qum sm fgdtfræ mn un tom`pd bdrtd bfnbmlfncd delogfbodnms
pmncomntms y son pdsoeolocfcms cm pdcmr bdntonufr yf qum bd`d m`prmsf nd
mstæn gmnmrfncd nongûn topd cm ongrmsd y `mnds un emnmhobod honfl.
F bdntonufboòn, prmsmntf`ds ml Mstfcd cm Hlukd cm Bfkf cml föd 5117 so sm
jueomrfn td`fcd mn bdnsocmrfboòn lds bf`eods sugmrocds pdr ml Rr. Ælvfrmz.
B]RD@DSD R.F
MRSFCDR CM HL]KD CML MHMBSOXD
FÖD 5117 mxtrf
F) Fbtovocfcms
Fbtovocfcms cm Mxpldtfbo
Mxpldtfboòn
òn
6. Umsultfcd cml mkmrbobod fntms cm O`pumstd 5,7=1,111
5. Fkustms cml Umsultfcd 3,611,111
f) F`drtozfboòn cml On`dvolozfcd (+) 2,811,111
2,811,111
b) Xfrofboòn cm Qrdvosodnms (+/-) 311,111
m) Umsultfcds pdr efkfs y mnfkmnfbodnm
mnfkmnfbodnmss cml on`dvolozfcd (+/-) -511,111
j) Gfstds Honfnbomrds (+) 211,111
2. Bf`eods mn ml Bfpotfl Bdrromntm -6,111,111
f) Mxostmnbofs (+/-) -611,111
e) Cmucdrms y dtrfs bumntfs
bumntfs pdr bderfr (+/-) -6,3=1,111
b) Dtrds fbtovds bdrromntms (+/-) -511,111
c) Fbrmmcdrms y dtrfs bumntfs pdr pfgfr (+/-) =11,111
3. Dtrds HM fbtovocfcms cm mxpldtfboòn -==1,111
f) Qfgds cm ontmrmsms (-) -211,111
=. HM. fbtovocfcm
fbtovocfcmss cm mxpldtfboòn (+/-6+/-5+/-2
(+/-6+/-5+/-2+/-3)
+/-3) =,211,111
E) Fbtovocfcms cm Onvmrsoòn
8. Qfgds pdr onvmrsodnms (-) -3,711,111
b) On`dvolozfcd `ftmrofl -3,711,111
-3,711,111
7. Bderds pdr cmsonvmrsodnms (+) =11,111
b) On`dvolozfcd `ftmrofl =11,111
:. HM. fbtovocfcms cm onvmrsoòn (7-8) -3,511,111
B) Fbtovocfcms cm Honfnbofbodn
?. Bderds y pfgds pdr onstru`mntds cm pftro`dnod
61. Bderds y pfgds pdr onstru`mntds cm pfsovd honfnbomrd -6,111,111
f) M`osoòn -6,111,111
5. Cmucfs bdn mntocfcms cm brïcotd (+) -6,111,111
66. Qfgds pdr covocmncd
covocmncdss y rm`unmrfbodn
rm`unmrfbodnms ms cm dtrds -5,111,111
onstru`mntds cm pftro`dnod
f) Covocmncds (-) -5,111,111
65. HM. fbtovocfcms cm honfnbofbodn (+/-?+/-61/-66) -2,111,111
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
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C) Mhmbtd cm lfs vfrofbodnms cm lds topds cm bf`eod

M) Fu`mntd/Cos`onuboòn
Fu`mntd/Cos`onuboòn nmtf cml Mhmbtovd d Mquovflmntms -6,?11,111
(+/-=+/-:+/-65/-C)
Mhmbtovd
Mhmbtovd d mquovflmntms
fl honfl cmlflmkmrbobod
bd`omnzd cml mkmrbobod 5,111,11
5,111,111
611,111 1
Humntm; Eflfnbms B]RD@DSD R.F
Mlfedrfcd pdr; Mquopd cm trfefkd

Bd`d sm desmrvf mn ml hlukd cm mhmbtovd cml föd 5117, so sm jueomrf td`fcd mn

bdnsocm
cmrrfboòn lds bf`eods `mnbodnfcds
cds mn rmhmrmnbof f lfs cmp
cmprmb
rmbofbod
bodnms,

prdvosoòn pdr onsdlvmnbof y `ïtdcd cm onvmntfrod9 nd jueomrf mxostocd un

bf`eod rmlmvfntm mn lf tmsdrmràf cm lf `os`f yf qum mstfs bumntfs nd
rmprmsmntfn unfs sflocfs d mntrfcfs rmflms cm conmrd.

Onhluoræn cormbtf`mntm mn ml emnmhobod cm honfl y pdr mncm sm vmræ rmhlmkfcd lf

vmrcfcmrf rmntfeolocfc cm lf drgfnozfboòn.
 Fsognfturf Cftds cml flu`nd Hmbjf
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Rm`fnf =

FNÆLOROR CM MXDL]BOÒN CM B]RD@DSD

QMUODCDR 5117-511:
Corogocd f; C. Luos Rdrofnd
Bfrgd; Fbbodnostf y Bdnsmkmrd

Rr. Rdrofnd lf`mntfe

tfelm`mntm nd sm pumcm cmbor qum mntr
trmm ml föd 5117 y 511: lf
m`p
m`prm
rmsf
sf B]
B]RD
RD@
@DS
DSD
D R.F
R.F tuvd
tuvd unf
unf mv
mvdl
dlub
uboò
oòn,
n, yf qum lfs
lfs `flf
`flfss cm
cmbo
boso
sodn
dnms
ms y `fl
`fl
`fnmkd cm lds rmburs
rsdds cm lf m`prmsf jf jmbjd qum sm mnbumntrmn un prdelm`f
grfvm cm loquocmz.
Nd jfn
jfn rm
rmfl
floz
ozfc
fcdd unf
unf bdrr
bdrrmb
mbtf
tf ho
honf
nfnb
nbof
ofbo
boòn
òn cmnt
cmntrd
rd cm lf m`
m`pr
prms
msff bdns
bdnsoc
ocmr
mrfn
fncd
cd
lds hfbtdrms cml topd cm onvmrsoòn qum cmsmfefn rmflozfr.
Qdr dtrf pfrtm, unf cm lfs `fydrms fhmbtfbodnms ms lf hfltf cm gmnmrfboòn cm
ongrmsds cmeocd f lf fbtovocfc prdpof cm lf m`prmsf.
Ro mn ml föd 5117 td`frdn lf cmbosoòn cm fcquoror d `mkdrfr su on`dvolozfcd
cmeoò smr bdn ml dekmtovd cm prdcubor `æs d `mkdrfr su mhobomnbof bdn ml hon cm
 Fsognfturf Cftds cml flu`nd Hmbjf
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onbrm`mntfr vmntfs
tfs. Dekmtovd qum nd sm vod rmhlmkfcd mn ml föd sogu
guoomntm pdr ld
tfntd mstfs onvmrsodnms pfsfn jfbmr un gfstd.

Rus pdlàtobfs cm rmbupmrfboòn cm bfrtmrf nd sdn lfs `æs òpto`fs yf qum sus
bu
bumn
mntf
tfss pmnc
pmncom
omnt
ntms
ms cm bder
bderdd fu`m
fu`mnt
ntfn
fn,, co
cos`
s`on
onuy
uymn
mncd
cd fs
fsàà su ongr
ongrms
msdd cm mhmb
mhmbto
tovd
vd
f bdrtd plfzd. Fcobodnfl f mstd su `fnmkd cm vfldrfboòn cm onvmntfrods nd ms ml
`æs fcmbufcd y so `fntomnmn `mrbfcmràf desdlmtf sdld jfbm qum fhmbtm f su
bumntf cm rmsultfcds.
Ms nd
ndr`
r`fl
fl qum lds
lds fbbo
fbbodn
dnos
ostf
tfss so
som`
m`pr
prmm quom
quomrf
rfn
n d eus
usqu
qumn
mn lf rmnt
rmntfe
feoolocf
locfc
c cm su
nmgd
nmgdbo
bodd y fs
fsàà pdcm
pdcmrr rm
rmbo
boeo
eorr `fyd
`fydrm
rmss vfld
vfldrm
rmss mn ml pf
pfgd
gd cm utol
utoloc
ocfc
fcms
ms,, `os`
`os`fs
fs qum
qum
fu`mntfrdn mn mstm pmrodcd, pmrd cmemn rmbdrcfr qum lf m`prmsf nd mstæ

tmno
tmnomn
mncd
cd rmfl
rmfl`m
`mnt
ntmm un em
emnm
nmhohobo
bodd so
sond
nd sd
sdld
ld hum
hum un vf
vfld
ldrr mxtr
mxtrff qum
qum pu
puco
comr
mrdn
dn tmnm
tmnmrr
pdr lf vmntf cm su fbtovd hokd.
Mn bd
bdn
nbl
blus
usoò
oòn
n, pd
pdcm
cm`d
`dss cmbo
cmborr qum
qum B]R
]RD@
D@D
DSD R.F
R.F nd jf tmn
tmnocd
ocd un
unff mv
mvdl
dlub
uboò
oòn
n
pdsotovf cml 5117 fl 511: `æs eomn bdrrm ml romsgd cm m`pmzfr unf mtfpf cm
onsdlvmnbof m oloquocmz `uy humrtm, mn ml bfsd qum nd eusqumn dpbodnms cm
`mkdrf.
Rm`fnf 8
EFLFNBM BDNRDLOCFCD ON@MCOFSF@MNSM CMRQ]MR CM LF
BD@QUFXMNSF

EFLFNBM
B]RD@DSD B]RD@DSD
@FZO@F _ @FZO@F 16/16/511? FK]RSMR/
FGUMGFCD
MLO@ONFBODNMR BDNRDLOCFCD

Cftds cml föd; 511: 511: 511: 511: 511:

Fbtovd Nd Bdrromntm 6:.611 =.111 53.611 52.8:1
On`dvolozfcd Ontfngoelm 2.811 2.811 2.811
On`dvolozfcd @ftmrofl 6:.611 6.311 6?.=11 6?.=11
Onvmrsodnms On`deolofrofs - -
Onvmrsodnms Honfnbomrfs L/Q - - -
Qfrtobopfbodnms m`prmsf grupd 6.111 6.111 - 6.111 -
Hdncd cm Bd`mrbod Bdnsdlocfcd =:1 =:1
Fbtovd Bdrromntm 55.:11 6.?11 53.711 53.711
FNB cospdnoelm pfrf lf vmntf - -
Mxostmnbofs ?.111 ?.111 ?.111
Blomntms y Cmucfs f bderfr 65.:11 6.?11 63.711 63.711
Onv. Honfnb. Sm`pdrflms - - -
Brïcotds f m`prmsfs Grupd - - -
 Fsognfturf
Cormbboòn y Gmstoòn
Mbdnò`obf Honfnbomrf
Cftds cml flu`nd Hmbjf
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Bfrtmrf cm vfldrms pfrf nmgdbofr - -

Dtrds fbtovds honfnbomrds f bdrtd plfzd - -
Smsdrmràf 6.111 - 6.111 6.111
Sdtfl Fbtovd 31.?11 8.?11 3:.:11 3:.2:1
Qftro`dnod Nmtd 57.=11 811 5:.611 5:.8:1
Bfpotfl `æs emnmhobods rmtmnocds 57.=11 811 5:.611 - 811 57.=11
Fkustms vfldr rfzdnfelm - - 6.111 6.111
Rdbods Mxtmrnds 6:1 6:1
Qfsovd Nd Bdrromntm 3.111 5.111 8.111 8.111
Cmucfs f L/plfzd 3.111 5.111 8.111 8.111
Qfsovds pdr o`pumstds cohmrocds - - - -
Qfsovd Bdrromntm ?.311 3.211 62.711 62.711
Cmucfs bdn m`prmsfs cml grupd - - -
Cmucfs bdn mntocfcms cm brïcotd 311 6.111 6.311 6.311
Dtrfs cmucfs f bdrtd plfzd ?.111 2.211 65.211 65.211
Qrdvmmcdrms ?.111 6.111 61.111 61.111
Fbrmmcdrms 5.211 5.211 5.211
Dtrfs cmucfs f bdrtd plfzd - -
Sdtfl Qfsovd 62.311 8.211 6?.711
Sdtfl Qftro`dnod Nmtd + Qfsovd 31.?11 8.?11 3:.2:1

XFLDU BDNSFELM
On`dvolozfcd Ontfngoelm 2.811
On`dvolozfcd @ftmrofl 6.311
Blomntms y Cmucfs f bderfr 6.?11
Onv. Honfnb. Sm`pdrflms -

Cmucfs bdn
Cmucfs f L/plfzd
mntocfcms cm brïcotd -- 5.111
6.111
Dtrfs cmucfs f bdrtd plfzd - 2.211
Smsdrmràf -
SDSFL 811

Qfrtobopfboòn cm Rdbods Mxtmrnds (21%) 6:1

Qfrtobopfboòn cml grupd mn mlm`mntds ocmntohobfelms (71%) -351
Bdstm cm lf pfrtobopfboòn 6111
Hdncd cm Bd`mrbod =:1
 Fsognfturf Cftds cml flu`nd Hmbjf
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EFLFNBM BDNRDLOCFCD F HON CM MKMUBOBOD CML FÖD 511?

EFLFNBM B]RD@DSD _ @FZO@F 26/65/511?
B]RD@DSD @FZO@F FGUMGFCD FK]RSMR BDNRDLOCFCD
511? 511? 511? 511? 511?
Fbtovd Nd Bdrromntm 67.111 3.811 56.811 811 51.2?:
On`dvolozfcd Ontfngoelm 2.311 2.311 2.311
On`dvolozfcd @ftmrofl 68.111 6.511 67.511 67.:11
811
Onvmrsodnms On`deolofrofs - -
Onvmrsodnms Honfnbomrfs L/Q 6.111 6.111 -
Qfrtobopfbodnms m`prmsf
m`prmsf grupd 6.111 6.111 - 6.111 -
Hdncd cm Bd`mrbod cm Bdnsdlocfboòn - - - - :12 - :12
Fbtovd Bdrromntm 51.=11 6.:7= 55.27= 56.:7=
FNB cospdnoelm pfrf lf vmntf - -
Mxostmnbofs :.=11 :.=11 :.=11
Blomntms y Cmucfs f bderfr 61.111 6.111 66.111 66.111
Onv. Honfnb. Sm`pdrflms =11 =11 -
Brïcotds f m`prmsfs Grupd =11 =11 - =11 -
Bfrtmrf cm vfldrms pfrf nmgdbofr - -
Dtrds fbtovds honfnbomrds f bdrtd plfzd - -
Smsdrmràf 5.111 27= 5.27= - 5.27=
 Fsognfturf Cftds cml flu`nd Hmbjf
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Sdtfl Fbtovd 27.=11 8.37= 32.?7= 35.572

Qftro`dnod Nmtd 5?.111 5.?7= 26.?7= 5?.772
Bfpotfl `æs emnmhobods rmtmnocds 5?.111 6.?7= 21.?7= - 5.57= 5:.711
Umsultfcd cml mkmrbobod ftroeuocd f - -
lf cd`onfntm
Qmrcocfs y Gfnfnbofs
Gfnfnbofs Bdnsdlocfcfs - -
(Q&G Rdbods Mxtmrnds) - -
(Covocmncds f bumntf) 6.111 6.111 - 711 -
Rdbods Mxtmrnds 772 772
Qfsovd Nd Bdrromntm 5.111 6.=11 2.=11 2.=11
Cmucfs f L/plfzd 5.111 6.=11 2.=11 2.=11
Qfsovds pdr o`pumstds
o`pumstds cohmrocds - - - -
Qfsovd Bdrromntm 8.=11 2.111 ?.=11 ?.111
Cmucfs bdn m`prmsfs cml grupd =11 =11 - =11 -
Cmucfs bdn mntocfcms cm brïcotd 6.111 =11 6.=11 - 6.=11
Dtrfs cmucfs f bdrtd plfzd =.111 5.=11 7.=11 7.=11
Qrdvmmcdrms =.111 5.111 7.111 7.111
Fbrmmcdrms =11 =11 =11
Dtrfs cmucfs f bdrtd plfzd - -
Sdtfl Qfsovd :.=11 3.=11 62.111 65.=11
Sdtfl Qftro`dnod Nmtd + Qfsovd 27.=11 7.37= 33.?7= 35.572

XFLDU BDNSFELM XFLDU UF[DNFELM

On`dvolozfcd Ontfngoelm 2.311 2.311
On`dvolozfcd @ftmrofl 6.511 6:11
Blomntms y Cmucfs f bderfr 6.111 6.111
Onv. Honfnb. Sm`pdrflms =11 =11
Cmucfs f L/plfzd - 6.=11 - 6.=11
Cmucfs bdn mntocfcms cm brïcotd - =11 - =11
Dtrfs cmucfs f bdrtd plfzd - 5.=11 - 5.=11
Smsdrmràf 27= 27=
SDSFL 6.?7= 5.=7=

Qfrtobopfboòn cm Rdbods Mxtmrnds (21%) =?5,= 775,=

Qfrtobopfboòn cml grupd mn mlm`mntds ocmntohobfelms (71%) -62:5,= -6:15,=
Bdstm cm lf pfrtobopfboòn 6111 6111
Hdncd cm Bd`mrbod -2:5,= -:15,=
 Fsognfturf
Cormbboòn y Gmstoòn
Mbdnò`obf Honfnbomrf
Cftds cml flu`nd Hmbjf
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UMR]LSFCDR B]RD@DSD _ @FZO@F 26/65/511?

FGUMGFCD FK]RSMR
B]RD@DSD @FZO@F BDNRDLOCFCD
/MLO@ONFBODNMR
511: 511: 511? 511? 511?
Ongrmsds - 81.111 - 7.==1 - 87.==1 - - 87.==1
Bdnsu`ds - =1.111 - =1.111 - - =1.111
Gfstds cm Qmrsdnfl - 6.111 - 211 - 6.211 - - 6.211
Dtrds gfstds cm mxpldtfboòn - 2.111 - 3.111 - 7.111 - - 7.111
F`drtozfboòn - 5.611 - 811 - 5.711 - - 5.711
Qrdvosodnms - - - -
Mnfkmnfboòn cm onn`dvolozfcd - - - -
Umsultfcd cm Mxpldtfboòn - 2.?11 - 5.8=1 - 8.==1 - - 8.==1
Ongrmsds cm pfrtobopfbodnms
pfrtobopfbodnms mn bfpotfl - - -
Mn m`prmsfs cml grupd - 711 - 711 711 -
Mn m`prmsfs fsdbofcfs - - -
Mn m`prmsfs humrf cml grupd - - -
Dtrds ongrmsds honfnbomrds - - -
Mn m`prmsfs cml grupd - 5= - 5= - 5= -
Mn m`prmsfs humrf cml grupd - - -
Gfstds honfnbomrds - - -
Qdr cmucfs mn m`prmsfs grupd 5= 5= 5= -
Qdr cmucfs mn m`prmsfs fsdbofcfs - - -
Qdr cmucfs bdn tmrbmrds y dtrds gfstds 211 211 811 - 811
Umsultfcd Honfnbomrd - 27= 57= - 611 711 811
Umsultfcd - 3.57= - 5.27= - 8.8=1 711 - =.?=1
Covocmncds Costroeuocds 5.77= 6.111 2.77= -

UMR]LSFCD BDNSFELM FK]RSMR UMR]LSFCD BDNRDLOCFCD

B]RD@DSD 3.57= -711 2.=7=
@FZO@F
5.27= 5.27=
SDSFL 8.8=1 - 711 =?=1

Ml rmsultfcd cm Busd`dtd cos`onuym mn 711 murds, fl mlo`onfrsm ml bderd cm lds

co
covo
vocm
cmnc
ncds
ds rm
rmbo
boeo
eocd
cdss cm @f
@fxo
xo`f
`f.. Mn lf bumn
bumntf
tf cm rm
rmsu
sult
ltfc
fcds
ds sm mlo`
mlo`on
onfn
fn lds
lds covo
covocm
cmnc
ncds
ds
rmbo
rmboeo
eocd
cdss pdr
pdr Bu
Busd
sd`d
`dtd
td pfgf
pfgfcd
cdss pdr
pdr @fxo
@fxo`f
`f ("on
("ongr
grms
msds
ds cm pf
pfrt
rtob
obop
opfb
fbod
odnm
nmss mn bfpo
bfpotf
tfll
cm m`
m`pr
prms
msfs
fs cml
cml grup
grupd"
d").
). Bd
Bd`d
`d bd
bdnt
ntrf
rfpf
pfrt
rtoc
ocff sm mlo`
mlo`on
onff mn ml fbto
fbtovd
vd cm @fxo
@fxo`f
`f co
cobj
bjdd
o`pdrtm cm lf bumntf cm "covocmncd fbtovd f bumntf".
 Fsognfturf Cftds cml flu`nd Hmbjf
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ONHDU@M CM LF ROS]FBOÒN MBDND@OBF HONFNBOMUF

CMRQ]ÏR CM LF DQMUFBOÒN CM BD@QUF-XMNSF

Cmsp
spuï
uïss cm lf fcq
fcquoso
uosobo
boòn
òn cm
cmll 71
71%
% cm B]RD
RD@
@DSD R.F
R.F sd
sder
ermm @ÆZ
ÆZOO@F R.F
R.F sm desm
desmrv
rvff
mn ml Efl
flfn
fnbm
bm bdn
dnsd
sdlo
loc
cfcd
fcd ld
ldss bf`e
f`eod
odss qu
qumm sm cf
cfn
n mn lf pfr
frtm
tm mbdn
bdnò`ob
ò`obff, ho
hon
nfn
fnbo
bommrf y
pftro`dnofl cml `os`d.
Lf pfr
frtm
tm mbd
bdnò
nò`
`obf cm
cmnd
ndttf un brm
brmbo
bo`o
`ommnt
ntdd mn su
suss fbt
fbtov
ovds
ds bdrr
bdrrom
omn
ntms
tms y nd bdrr
bdrroomntm
mntms9
s9
`os`d qum nds cf un novml cm sdlvmnbof cm 6.: `os`d cm`umstrf unf mstfeolocfc
m`prmsfrofl, so cmsbdntf`ds lds onvmntfrods pfrf pdcmr vmrohobfr lds vfldrms `æs
làquocds cml grupd m`prmsfrofl detmnm`ds un rmsultfcd cm 6, cdncm sm cmcubm qum lf
numvf m`prmsf onobof bdn un eumn novml cm loquocmz, fcm`æs un hdncd cm `fnoderf
pdsotovd vfldrfcd mn 66.111 murds.
Ml novml cm sdlvmnbof ms cm 5,38 cftd qum cm`umstrf ml bu`plo`omntd cm lf numvf
m`prmsf bdn sus delogfbodnms f un lfrgd plfzd.
Ml mncm
mncmuc
ucf`
f`om
omnt
ntdd ho
honf
nfnb
nbom
omrd
rd bd
bdn
n ml onob
onobof
of ms
mstm
tm nu
numv
mvdd gr
grup
updd m`
m`pr
prms
msfr
frof
ofll sm mn
mnbu
bumn
mntr
trff
mn 71%, ms cmbor lf bfntocfc cml pftro`dnod nmtd qum sm mnbumntrf honfnbofcf pdr
tmrbmrds, mstd onburrm mn un romsgd `fydr.
Uftods Mbdnò`obd-honfnbomrds
Loquocmz 6.:1
prumef æbocf 6.6=
hdncd cm `fnoderf 66,111
Rdlvmnbof 5.38
mncmucf`omntdd honfnbomrd
mncmucf`omnt 1.8?
ONHDU@M CM LF ROS]FBOÒN MBDND@OBF HONFNBOMUF
GU]QD M@QUMRFUOFL 511?
Qfr
frff ml fö
född 511? ml numv
numvdd grupd
rupd m`p
`prm
rmsf
sfro
rofl
fl jf `mkd
kdrf
rfc
cd mn lds
lds novml
mlmms mb
mbddnò`o
nò`obd
bds,
s,
ho
hon
nfn
fnbo
bommrds
rds y pftro
ftro`d
`dn
noflm
flms. Ms cm
cmbo
bor,
r, qum pf
pfrf
rf ml fö
född 511? fl `d`
d`mn
mntd
td cm bdn
bdnsd
sdlo
locf
cfrr
tdcf lf onhdr`fboòn fu`mntfrdn sus fbtovds, fu`mntò sus pfsovds, fl ogufl qum ml
pf
pftr
tro`
o`dn
dnod
od nmtd
nmtd cm
cmll Ef
Eflf
lfnb
nbmm bd
bdns
nsdl
dloc
ocfc
fcdd cm
cmll 51
511:
1: fl 51
511?
1? onbr
onbrm`
m`mn
mntò
tò mn 6,
6,1?
1?22 mu
murd
rds,
s,
bfntocfc qum hfvdrmbm fl pftro`dnod cm lf mntocfc.
Bdn tdc
dcfs
fs mstf
mstfss vfrof
frofbbod
odn
nms lf sd
sdlv
lvmn
mnbo
bof,
f, loqu
loquoocm
cmzz y hd
hdn
ncd cm `fn
fnod
odeerf fu
fu`
`mntf
ntf cm un
föd f dtrd somncd eumnd pfrf mstf numvf m`prmsf.
Cmtfllf`ds f bdntonufboòn lds numvds rmsultfcds;
Uftods Mbdnò`obd-hon
Mbdnò`obd-honfnbomrds
fnbomrds
 Fsognfturf Cftds cml flu`nd Hmbjf
Fpmllocds; Nûömz @frtànmz
Cormbboòn y Gmstoòn Rænbjmz Qfld`ond
17/16/516:
Mbdnò`obf Honfnbomrf Nd`erms; Nftflof Brostonf
Lfurf Onïs

loquocmz 5.32
prumef æbocf 5.67
hdncd cm `fnoderf 65,:7=
sdlvmnbof 2.2:
mncmucf`omntd
mncmucf`omntd honfnbomrd 35%
Mlfedrfcd pdr; Mquopd cm Srfefkd
Humntm; Eflfnbms Bdnsdlocfcds 511?

Mstds cftds frrdkfn vfldrms pdsotovds pfrf lf numvf m`prmsf bdnsdlocfcf mntrm
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ml 511? mntrm dtrds.
Mn bdnblusoòn, mstf bdnsdlocfboòn hum unf eumnf cmbosoòn yf qum lf numvf m`prmsf
bum
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ntf bd
bdn
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ovmlms
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c
mbdnò`obf-honfnbomrf
mbdnò`obf-honfnbomrf y pftro`dnofl.