Mandarin Oriental 2014 Annual Report

July 5, 2022 | Author: Anonymous | Category: N/A
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Irdlothf K honhrdo Irdlothf Dotlrohtdioh Dotlrohtdi ohf f Fdkdtln

 Hoouhf Plpirt Pl pirt 058> 

 

khoh mlklott mriup Khonhrd Khonhrdo o Irdlothf Bitlf Mriup ds ho dotlrohtdiohf bitlf dovlstklot hon khohmlklo  wdtb nlfuxl hon ﬈rst afhss bitlfs, rlsirts hon rlsdnloals rlsdnloals do siumbt siumbt-hgtlr -hgtlr nlstdohtdios hriuon tbl wirfn. wirfn. Bhvdom mriwo grik h wlff-rlsplatln Hsdho H sdho bitlf aikphoy doti h mfi`hf `rhon, tbl Mriup oiw oiw iplrhtls, ir bhs bh s uonlr nlvlfipk nl vlfipklot, lot, >> bitlfs rlprlslotdom hfkist h fkist 88,555 88,555 riiks do 0> aiuotrdls,  wdtb 05 bitlfs do Hsdh, tlo tlo do ^bl Hklrdahs hon 8> do Luripl, Kdnnfl Lhst hon Oirtb Hgrdah. Do hnndtdio, tbl Mriup iplrhtls, ir bhs uonlr nlvlfipklot, 8< Plsdnloals ht Khonhrdo Irdlothf   aioolatln ti dts priplrtdls. ^bl Mriup bhs lqudty dotlrlsts do h ouk`lr ig dts priplrtdls hon hnjustln olt hsslts hssl ts wirtb hpprixdkhtlfy \Q$1.0 `dffdio hs h s ht 18st Nlalk`lr 058 058>. Khonhrdo Irdlothf— Irdlothf —s hdk ds ti `l rlaimodzln rlaimodz ln wdnlfy hs tbl `lst mfi`hf fuxury fu xury bitlf mriup, privdndom privdndom 08st 08 st alotury fuxury fuxur y wdtb irdlothf abhrk do lhab ig dts bitlfs. ^bds wdff wd ff `l habdlvln `y dovlstdom do tbl Mriup—s Mriup—s lxalptdiohf ghadfdtdls hon dts plipfl, wbdfl khxdkdzd kh xdkdzdom om pri﬈th`dfdty pri﬈th`dfdty hon h on fiom-tlrk fiom-tlrk sbhrlbifnlr vhful. ^bl Mriup rlmufhrfy rlaldvls rlaimodtdio hon hwhrns gir iutsthondom iutsthond om slrvdal hon h on quhfdty khohmlklot. ^bl strhtlmy ig tbl Mriup ds ti iplo tbl bitlfs aurrlotfy uonlr nlvlfipklot,  wbdfl aiotdoudom aiotdoudom ti sllc gurtblr slflatdvl ippirtuodtdls gir lxphosdio hriuon tbl wirfn. wirfn. ^bl phrlot aikphoy, aikphoy, Khonhrdo Khonhrd o Irdlothf Dotlrohtdiohf Fdkdtln, ds doairpirhtln do @lrkunh hon bhs h sthonhrn fdstdom fds tdom io tbl Fionio Fionio Qtiac Lxabhoml hs dts prdkhry fdstdom, wdtb slaionhry slaionhr y fdstdoms do @lrkunh hon Qdomhpirl. Khonhrdo Irdlothf Bitlf Mriup Mriup Dotlrohtdiohf Fdkdtln, wbdab iplrhtls grik Biom Ciom, khohmls tbl hatdvdtdls ig tbl Mriup—s Mriup—s bitlfs. Khonhrdo Irdlo Irdlothf thf ds d s h klk`lr ig tbl Jhrndol Khtblsio Mriup.

 

0

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Aiotlots

  8 

Airpirhtl Ivlrvdlw 

  1 

Airpirhtl Dogirkhtdio

  > 

Bdmbfdmbts

  7 

Abhdrkho—s Abhd rkho—s Qthtlklot

  2 

Mriup Abdlg Lxlautdvl— Lxlautdvl—ss Plvdlw 

  87 

Iplrhtdom Qukkhr Qukkhry  y 

  82 

Nlvlfipklot Uirtgifdi

  84 

Dotlrohtdiohf Plaimodtdio

  08 

Gdohoadhf Plvdlw 

  07 

Ndrlatirs— Uri﬈fls

 02  

Gdohoadhf Qthtlklots

 2>  

Urdoadphf Qu`sdndhrdls, Hssiadhtls hon Khohmln Bitlfs

 27  

Donlplonlot Hundtirs— Plpirt

 22  

Gdvl Tlhr Qukkhr Qukkhry  y 

 24  

Plspiosd`dfdty Qthtlklot

 45  

Airpirhtl Mivlrohoal

  4=

Urdoadphf Pdscs hon \oalrthdotdls

 44  

Qbhrlbifnlr Dogirkhtdio

 855  855

Khonhrdo Irdlothf Bitlf Mriup Aiothat Hnnrlssls

 851  851

Qhfls hon Plslrvhtdios Ig﬈als

 

Hoouhf Plpirt 058>

Airpirhtl Dogirkh Dogirkhtdio tdio

Ndrlatirs  @lo Clswdac Abhdrkho hon Khohmdom Ndrlatir  Lniuhrn Lttlnmud Mriup Abdlg Lxlautdvl  Qtuhrt Ndacdl Khrc Mrllo`lrm   Jufdho Bud  Hnhk Clswdac  Qdr Blory Clswdac  Qdkio Clswdac  Firn Flhab ig Ghdrgirn Nr Pdabhrn Fll Fdoaifo C.C. Fliom   Hotbioy Odmbtdomhfl Odmbtdomhfl Firn Uiwlff ig @hyswhtlr, CAKM Firn Qhssiio, C t

Khonhrdo Irdlothf Bitlf Mriup Dotlrohtdiohf Fdkdtln Ndrlatirs 

 Jhkls ]htcdos ]htcdos Ulray ]lhtblrhff Mdfls ]bdtl

@lo Clswdac Abhdrkho  Lniuhrn Lttlnmud Mriup Abdlg Lxlautdvl  Qtuhrt Ndacdl Abdlg Gdohoadhf Ig﬈alr  P.N. @hclr C.J. @hrry  U.J. Afhrc  Afh rc   J.N. Milssdom  Khrc Mrllo`lrm  K.B. Bi`sio  Hnhk Clswdac  A.J.]. Khrls  Jhkls Pdfly  ^.F. Qtdosio Mdfls ]bdtl

Aikphoy Qlarlthry hon Plmdstlrln Iggdal  Ig gdal 

Airpirhtl Qlarlthry 

 Jibo A. Fhom  Jhrndol Biusl Biusl 11-1< Pldn Qtrllt Bhkdftio, @lrkunh 

O.K. KaOhkhrh 

1

 

>

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Bdmbfdmbts

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln   Plairn uonlrfydom uonlrfydom prigdt ig \Q$4= \Q$ 4= kdffdio kdffdio



 Olw bitlfs iploln do ^hdpld hon @inruk



  Giur olw khohmlklot khohmlklot aiotrhats, doafun doafundom dom @homcic Plsdnloals 



  Khjir rloivhtdio ig Fionio bitlf hooiuoaln hooiuoaln



  8 gir > rdmbts dssul ti rhdsl \Q$18 \Q$ 187 7 kdffdio



Plsufts      

Tlhr lonln 18st Nlalk`lr 0581 058>   058> \Q$k \Q$k   \Q$k

Abhoml %

8,124.4

8,175.2

0

08=.1

052.=

>

\onlrfydom prigdt httrd`uth`fl ti sbhrlbifnlrs1 

4=.5

41.0

>

Urigdt httrd`uth`fl ti sbhrlbifnlrs

4=.5

47.1

8

\Q¢   \Q¢

\Q¢

%

\onlrfydom lhrodoms plr sbhrl1 

4.7= 

4.15

>

Lhrodoms plr sbhrl

4.7=

4.78

8

Ndvdnlons plr sbhrl

=.55

=.55



\Q$  \Q$ 

\Q$

%

Olt hsslt vhful plr sbhrl

5.4<

5.44

(>) (>)

Hnjustln olt hsslt vhful plr sbhrl > 

1.8>

1.5<

1

Olt nl`t/sbhrlbifnlrs— guons

>0%

>2%

Olt nl`t/hnjustln sbhrlbifnlrs— guons > 

81%

87%

Aik`doln tithf rlvloul ig bitlfs uonlr khohmlklot8  \onlrfydom L@D^NH (Lhrodoms `lgirl dotlrlst, thx, nlprladhtdio hon hkirtdzhtdio) 0 

 

 



Aik`doln rlvloul doafunls turoivlr ig tbl Mriup—s Mriup—s su`sdndhry bitlfs do hnndtdio ti 855% 855% ig rlvloul grik hssiadh hssiadhtl tl hon khohmln bitlfs.



L@D^NH ig su`sdndhrdl su`sdndhrdlss pfus tbl Mriup—s Mriup—s sbhrl ig L@D^NH ig hssiadht hssiadhtls. ls.



\onlrfydom prigdt httrd`uth`fl ti sbhrlbifnlrs hon uonlrfydom lhrodoms lhrod oms plr sbhrl lxafunl oio-trhndom dtlks suab hs mhdos io ndspishfs, privdsdios hmhdost hsslt dkphdrklot hon wrdtl`hac tblrlig. tblrlig.



^bl hnjustln olt hsslt vhful plr sbhrl hon olt nl`t/hnjustln sbhrlbifnlrs— sbh rlbifnlrs— guons bhvl `llo hnjustln ti doafunl tbl khrclt vhful ig tbl Mriup—s grllbifn hon flhslbifn dotlrlsts wbdab hrl ahrrdln do tbl aiosifdnhtln `hfhoal sbllt ht hkirtdzln aist.

 

Hoouhf Plpirt 058>

Aik`doln tithf rlvloul

Aik`doln tithf rlvloul

`y mlimrhpbdahf hrlh

`y typl ig `usdolss

\Q$k

\Q$k

 

 

8,124.4

8,124.4

8,021.1 8,847.>

8,175.2 021.=

=28.4



0==.<

724.0

7>8.1

07=.0 8,50

8,50>0.<

>58.2

1.2

180.7

>12.7 1=>.8

02=.5

0>0.=

08>.2

02=.4

07>.1

8.=%

8>>.1

880.>

817.<

0585

0588

0580

Hnjustln sbhrlbifnlrs— guons Olt nl`t

0581

80.2% >51.8

058>

<

 

7

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Abhdrkho—ss Qthtlklot Abhdrkho— Qthtlklo t

Ivlrvdlw  Hmhd ost tbl `hacmriuon ig abhfflomdom aiondtdios do sikl khrclts, Khonhrdo Irdlothf ndn wlff ti habdlvl  Hmhdost ho dkprivlklot do uonlrfydom pri﬈t do 058>. ^bl Mriup `lol﬈tln grik rlsdfdlot nlkhon grik g rik tbl fldsurl slatir sla tir,, tbl mlimrhpbda ndvlrsd﬈ahtdio ig dts pirtgifdi pirt gifdi hon tbl rlaldpt ig \Q$8 \Q $8< < kdffdio kdff dio ig `rhondom glls do rlfhtdio ti tbl iomidom shfls ig ^bl Plsdnloals ht Khonhrdo Irdlothf  do  do @inruk.

Ulrgirkhoal \onlrfydom lhrodoms \onlrfydom lh rodoms `lgirl dotlrlst, thx, th x, nlprladhtdio hon hkirtdzhtdio hkirtdzht dio gir 058> 058> wlrl \Q$08= kdffdio, ho doarlhsl ig \Q$2 \Q$ 2 kdffdio grik 0581. \onlrfydom \onlrfydom pri﬈t ig ig \Q$4= kdffdio whs \Q$> \Q $> kdffdio kdf fdio bdmblr tbho tbl t bl prdir ylhr,  wbdab `lol﬈tln grik h \Q$= kdffdio pri﬈t rlaimodzln io haqudsdtdio haqudsdtdio ig tbl grllbifn rdmbts ig tbl Uhrds bitlf,  wbdfl uonlrfydom lhrodoms plr sbhrl wlrl wlrl \Q¢4.7 \Q¢4.7= = aikphrln wdtb \Q¢4.15 \Q¢4.15 do 058 0581. 1. Uri﬈t httrd`uth`fl ti sbhrlbifnlrs whs \Q$4= \Q$ 4= kdffdio do 058 058>, >, aikphrln ti \Q$47 \Q $47 kdffdio kdf fdio do tbl prdir ylhr,  wdtb tbl 058 0581 1 rlsufts doafundom tbl wrdtl`hac ig ig h \Q$1 kdffdio hsslt dkphdrklot privdsdio. Giffiwdom ho donlplonlot vhfuhtdio ig tbl Mriup—s Mriup—s bitlf priplrtdls, tbl hnjustln olt hsslt hs slt vhful plr sbhrl sbh rl whs \Q$1.8> ht 18st Nlalk`lr 058>, aikphrln wdtb \Q$1.5< plr sbhrl ht tbl lon ig 0581. ^bl Ndrlatirs rlaikklon h ﬈ohf ndvdnlon ig \Q¢7 Plsdnloals ht Khonhrdo Irdlothf  do  do @homcic. ^bl Plsdnloals  wdff  wdff `l nlvlfipln hs phrt ig h fhrml kdxln-usl kd xln-usl prijlat prijlat fiahtln ndhmiohffy ndhmiohf fy hariss tbl Abhi Ubrhyh Pdvlr grik Khonhrdo Khonhr do Irdlothf, @homcic, hon hrl lxplatln lx platln ti aikpfltl do 0582. 0582. Do tbl ﬈rst quhrtlr quhr tlr ig 058>, 058>, tbl Mriup alhsln khohmlklot kh ohmlklot ig twi uo`rhonln bitlfs, tbl Mrhon Fhph do Khahu hon tbl Lf`iw @lhab do @lrkunh. Giffiwdom tbl hooiuoalklot ig h khohmlklot khoh mlklot aiotrhat gir h olw fuxury bitlf

 

Hoouhf Plpirt 058>   =

do Khodfh Kho dfh sablnufln ti iplo do 0505, tbl Mriup—s Mriup—s lxdstdom bitlf do tbl adty whs wh s afisln do Qlptlk`lr Q lptlk`lr.. ^bl bitlf prijlat do Kisaiw wdff hfsi oi fiomlr prialln. ^bl Mriup ds ti lxphon dts Kuodab Kuo dab priplrty wdtb > kdffdio (\Q$8 aiuotrdls. Do hnndtdio, tbl Mriup iplrhtls ldmbt Plsdnloals ht Khonhrdo Irdlothf  aioolatln  aioolatln ti dts priplrtdls, wdtb h gurtblr g urtblr slvlo uonlr u onlr nlvlfipklot. nlvlfipklot.  ]dtbdo tbl olxt 82 kiotbs, giur olw bitlfs bitlfs hrl sablnufln sablnufln ti iplo, do Khrrhclab, Kdfho, @ldjdom hon Nibh.

Airpirhtl nlvlfipklots Giffiwdom sbhrlbifnlr hpprivhf hpprivhf ht h Qpladhf Qpladh f Mlolrhf Klltdom blfn do Hprdf, tbl trhosglr trh osglr ig tbl Aikphoy—s fdstdom io tbl Khdo Khrclt Kh rclt ig tbl Fionio Qtiac Lxabhoml ti tbl sthonhrn sth onhrn fdstdom ahtlmiry a htlmiry whs aikpfltln io 0=tb Khy 058>. 058>. ^bl Mriup bhs hooiuoaln dts dotlotdio ti rhdsl \Q$187 kdffdio tbriumb h 8 gir > rdmbts dssul ds sul ig olw irndohry sbhrls. ^bl priallns ig tbl rdmbts dssul wdff `l usln ti phy niwo nl`t, tblrl`y privdndom tbl Mriup wdtb wdtb tbl ahphadty ti ﬈ohoal ﬈oh oal tbl £2< kdffdio kdf fdio (\Q$815 kdffdio) rloivhtdio ig Khonhrdo Irdlothf Bynl Uhrc, Fionio hon khcl kh cl gurtblr gur tblr dovlstklots do fdol wdtb dts nlvlfipklot nlvlfipklot strhtlmy. Jhrndol Qtrhtlmda, tbl Aikphoy— A ikphoy—ss prdoadphf sbhrlbifnlr,, bhs aikkdttln sbhrlbifnlr a ikkdttln ti thcl up dts lotdtflklot lotdtflklot hon guffy gu ffy uonlrwrdtl tbl igglr.

Ulipfl Io `lbhfg ig tbl Ndrlatirs, D wiufn fdcl fd cl ti hacoiwflnml tbl aiotrd`utdi aiotrd`utdio o ig hff hf f lkpfiylls tbriumbiut tbl Mriup gir aiotdoudom ti privdnl privdnl tbl lxalptdiohf slrvdal gir wbdab tbl `rhon ds rloiwoln. Mdfls ]bdtl ]b dtl wdff `l rltdrdom rltdrdo m hs h Ndrlatir io 18st 18st Jufy 058< 058< hon wl wiufn fdcl f dcl ti tbhoc tbh oc bdk gir bds aiotrd`utdio.

Iutfiic  ]bdfl trhndom aiondtdios do h ouk`lr ig ig khrclts hrl lxplatln ti rlkhdo abhfflomdom, tbl Mriup ds do h striom aikpltdtdvl pisdtdio. pisdtdio. Ivlr tbl fiomlr tlrk, Khonhrdo Irdlothf wdff `lol﬈t grik tbl strlomtb ig dts `rhon, tbl doarlhsdom ouk`lr ig trhvlfflrs grik lklrmdom lklrmdom khrclts, phrtdaufhrfy phr tdaufhrfy khdofhon khd ofhon Abdoh, tbl t bl fdkdtln olw suppfy suppfy ig fuxury bitlfs do dts cly khturl khrclts, hon h on tbl pbhsln iplodom ig olw bitlfs hon Plsdnloals  uonlr  uonlr nlvlfipklot.

@lo Clswdac  Abhdrkho

81tb Khrab Kh rab 058< 058<

 

2

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Mriup Abdlg Lxlautdvl—s Plvdlw

Qtrhtlmy Khonhrdo Irdlothf Bitlf Mriup Mriup ds ho hwhrn-wdoodom dotlrohtdiohf bitlf dovlstklot hon khohmlklot khoh mlklot mriup  wdtb nlfuxl hon ﬈rst afhss bitlfs, bitlfs, rlsirts hon rlsdnloals rlsdnloals do siumbt-hgtlr siumbt-hgtlr nlstdohtdios hriuon tbl wirfn. wirfn. ^bl Mriup iplrhtls, ir bhs uonlr u onlr nlvlfipklot, nlvlfipklot, >> bitlfs rlprlslotdom hfkist 88,555 riiks do 0> aiuotrdls, wdtb w dtb 05 bitlfs do Hsdh, tlo do ^bl ^ bl Hklrdahs hon h on 8> 8> do Luripl, Kdnnfl Lhst hon h on Oirtb Hgrdah. Hgrdah . Do hnndtdio, tbl Mriup iplrhtls, ir bhs uonlr nlvlfipklot, 8< Plsdnloals ht Khonhrdo Irdlothf  aioolatln  aioolatln ti dts priplrtdls. ^bl Mriup bifns lqudty dotlrlsts do h ouk`lr ig dts bitlfs, hon bhn hnjustln h njustln olt hsslts ig hpprixdkhtlfy \Q$1.0 `dffdio `dff dio hs ht 18st 18st Nlalk`lr 058>. 058>. Ahpdthfdzdom io tbl strlomtb strlom tb ig dts `rhon, Khonhrdo Khonh rdo Irdlothf hfsi iplrhtls priplrtdls io `lbhfg ig tbdrn phrty phrt y iwolrs tbht rlqudrl oi lqudty dovlstklot `y tbl Mriup. Mriup. ^bl Mriup hdks ti `l rlaimodzln wdnlfy w dnlfy hs tbl wirfn—s `lst fuxury bitlf mriup, wbdab dt wdff habdlvl `y dovlstdom do dts lxalptdiohf ghadfdtdls hon h on dts plipfl wbdfl aiotdoudom ti sllc gurtblr slflatdvl ippirtuodtdls gir lxphosdio hriuon tbl wirfn. ^bds hpprihab, aik`doln wdtb h striom `hfhoal sbllt, ds nlsdmoln ti habdlvl fiom-tlrk mriwtb mriwtb do `itb lhrodoms hon olt hsslt vhful.

Urimrlss habdlvln ^bl Mriup `lol﬈tln grik tbl mriwdom rlaimodtdio ig tbl Khonhrdo Kh onhrdo Irdlothf `rhon `rh on dotlrohtdiohffy,  wbdab httrhatln ho doarlhsdom doarlhsdom ouk`lr ig ig bdmb olt wirtb trhvlfflrs, hffiwdom kist ig ig iur bitlfs ti ti rhdsl tbldr rhtls do fiahf aurrloay tlrks nurdom 058>. ]bdfl tblrl whs h sigtlodom ig airpirhtl a irpirhtl nlkhon do sikl khrclts, tbl Mriup lxplrdloaln dkprivln dkprivln nlkhon grik g rik tbl fldsurl slatir hon grik g rik dts suaalssguf suaalssgu f nlvlfipklot ig olw khrclts, prlnikdohotfy Abdoh. Abdoh . Ivlrhff, tbl Mriup `lol﬈tln grik tbl rlsdfdloal tbht aikls wdtb h `rihn pirtgifdi ig bitlfs hon rlsdnloals hariss khoy nlstdohtdios. Do Hsdh, iur bitlfs plrgirkln wlff hmhdost tbldr aikpltdtdio, hftbiumb iomidom pifdtdahf uoalrthdoty do @homcic @h omcic hon tbl nlkiostrhtdios do Biom Ciom nurdom tbl fhst quhrtlr ig tbl ylhr hgglatln hg glatln ivlrhff rlsufts. Do Luripl, tbl Mriup `lol﬈tln grik gurtblr primrlss do Uhrds hon ho dkprivln plrgirkhoal plrgirkhoal do Mlolvh, Mlolvh , wbdab kirl tbho iggslt sigtlr nlkhon do Fionio. Do ^bl Hklrdahs kist ig iur bitlfs lxplrdloaln striom nlkhon. ^bl lxalptdio  whs do ]hsbdom ]hsbdomtio tio N. N.A. A. wblrl vdsdtir hrrdvhfs wlrl niwo niwo aikphrln ti tbl prlvdius ylhr, ylhr, wbdab doafunln doafunln tbl 058 0581 1 Urlsdnlotdhf Dohumurhtdio. Khonhrdo Irdlothf—s Irdlothf —s mriwdom mriwdom prlsloal do tip tdlr nlstdohtdios whs lobhoaln lobh oaln gurtblr gurt blr do 058> 058> wdtb wdtb tbl suaalssguf suaalssg uf fhuoab ig twi t wi olw fuxury fuxur y bitlfs do ^hdpld, ^hdwho ^hdwho hon @inruk, @inru k, ^urcly ^urcly do Khy hon Jufy, rlsplatdvlfy. rlsplatdvlfy. Nurdom tbl ylhr, tbrll bitlf khohmlklot aiotrhats wlrl hooiuoaln gir olw priplrtdls do @hfd, @h fd, Khodfh hon Nu`hd,  wbdfl tbl Mriup hfsi lotlrln ho hmrllklot ti lxphon dts wbiffy-iwoln wbiffy-iwoln priplrty priplrty do Kuodab. Gdohffy, Gdohffy, do Iati`lr Iati`lr,, tbl Mriup sdmoln sdmoln h aiotrhat ti `rhon hon khohml olw fuxury fuxur y Plsdnloals ht Khonhrdo Irdlothf  do  do @homcic. ^bl rlaimodtdio ig tbl Khonhrdo Irdlothf `rhon dotlrohtdiohffy, timltblr timltblr wdtb iur ﬈ohoadhf ﬈oh oadhf strlomtb, pfhals pfha ls tbl Mriup do h striom pisdtdio pisdtdio ti thcl hnvhothml hnvh othml ig gurtblr gur tblr mriwtb ippirtuodtdls.

 

Hoouhf Plpirt 058>

Ulrgirkhoal do 058> 058> Qlt iut `lfiw ds h rlvdlw rlv dlw ig tbl Mriup—s Mriup—s plrgirkhoal do 058>, 058>, wdtb rlglrloal ti tbl giffiwdom strhtlmda i`jlatdvls:  @ldom rlaimodzln rlaimod zln hs tbl wirfn—s `lst fuxur fuxuryy bitlf mriup

•   •  

 Qtrlom tblodom iur aikpltdtdvl pisdtdio  Qtrlomtblodom pisdtdio  Doarlhsdom  Doarlh sdom tbl ouk`lr ig riiks uonlr iplrhtdio ti 85,555 85,555  Habdlvdom h striom ﬈ohoadhf plrgirkhoal

•   •  

8) @ldom rlaimodzln hs tbl wirfn—s `lst fuxury bitlf mriup Khonhrdo Khonhrd o Irdlothf ds aiosdstlotfy rlaimodzln gir arlhtdom sikl ig tbl wirfn—s kist siumbt-hgtlr siumbt-hgtlr priplrtdls, nlfdvlrdom 08st 08st alotury fuxury fuxu ry wdtb irdlothf abhrk. ab hrk. Lhab ig iur bitlfs losurls dts pisdtdio hs iol ig tbl `lst do dts khrclt tbriumb h aik`dohtdio ig trhndtdio, quhfdty hon dooivhtdio. ^briumbiut tbl pirtgifdi, tbl Mriup dovlsts `lbdon dts airl `rhon httrd`utls ig arlhtdvl bitlf nlsdmo, hrabdtlaturl hon tlaboifimy, lxalfflot ndodom lxplrdloals hon bifdstda sph iplrhtdios. H`ivl hff, tbl nlfdvlry ig flmlonhry flmlonhry slrvdal slr vdal ti iur mulsts rlkhdos ht tbl airl ig lvlrytbdom lvlryt bdom wl ni. ^bl Mriup—s Mriup—s doarlhsdom mfi`hf m fi`hf rlaimodtdio do 058> 058> ds lvdnloaln lv dnloaln `y tbl habdlvlklot ig khoy sdmod﬈ahot sdmo d﬈ahot hwhrns hwh rns grik rlsplatln trhvlf hssiadhtdios hs siadhtdios hon pu`fdahtdios wirfnwdnl. Bdmbfdmbts doafunl h rlairn 8> bitlfs `ldom rlaimodzln rlaimodz ln do tbl 058< Gir`ls ^rhvlf Mudnl , wdtb 88 priplrtdls hriuon tbl wirfn mhdodom tbl tip ‒Gdvl Qthr Bitlf— sthtus, hon ﬈vl priplrtdls mhdodom tbl rhrl rh rl ‒trdpfl ‒trdpfl ariwo— gir bitlf, bitlf, sph hon rlsthurhot. rlsthurh ot. Khonhrdo Irdlothf, Biom Ciom ds tbl iofy adty bitlf do tbl wirfn ti habdlvl ﬈vl ‒Gdvl ‒Gdvl Qthr— Hwhrns, gir tbl bitlf, sph, hon tbrll ig dts rlsthurhots. rlsthu rhots. Gurtblrkirl, giur ig tbl t bl Mriup—s Mriup—s bitlfs do tbl \odtln Qthtls habdlvln hab dlvln tbl aivltln ‒Gdvl Ndhkion Finmdom Fin mdom Hwhrn— gir 058< 058< grik tbl Hklrdaho Hutiki`dfl Hssiadhtdio. ^blsl twi fdstdoms hrl h rl hkiomst tbl kist prlstdmdius hwhrns do tbl bitlf donustry, hon hrl mdvlo ti vlry glw bitlfs do rlaimodtdio ig slrvdal lxalffloal. lxalf floal. Aionä Ohst ^rhvlflr, \Q ‒ Plhnlrs— Abidal Hwhrns— 058> 058> glhturln 81 Khonhrdo Kh onhrdo Irdlothf bitlfs, wdtb w dtb tbrll bitlfs `ldom fdstln hs h s iol ig tbl tip tbrll do tbldr rlsplatdvl adtdls. Do D o hnndtdio, ‒^bl ]irfn—s ]irfn—s @lst 058>— 058>— grik ^rhvlf + Fldsurl  doafunln  doafunln wdoodom lotrdls gir ldmbt bitlfs. ^bl Mriup whs hfsi h fsi wlff rlprlslotln do Dostdtutdiohf Dovlstir  058>  058> ‒]irfn—s @lst Bitlfs— wdtb h rlairn 80 bitlfs fdstln, giur ig wbdab wlrl vitln ‒@lst do tbl Adty—. Do Abdoh, tbl wlff-rlsplatln Buruo Plpirt—s  hoouhf  hoouh f ‒@lst ig tbl @lst Hwhrns—, vitln vitln Khonhrdo Irdlothf Bitlf Mriup hs tbl ‒@lst Fuxury Fuxur y Bitlf @rhon do Abdoh—. Abdoh—.

^bl Mriup—s Mriup—s rlputhtdio gir lxalfflot hon dooivhtdvl ndodom lxplrdloals whs hmhdo hmh do hacoiwflnmln do tbl kist rlalot 058 058< hwhrns.

4

 

85

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Mriup Abdlg Lxlautdvl—s Plvdlw

Aiotdouln 

^bl Mriup—s Mriup—s aikkdtklot ti wircdom wdtb sikl ig tbl `lst hrabdtlats hon nlsdmolrs whs wh s hfsi rlaimodzln do 058 058>. >. Do phrtdaufhr, phrtdau fhr, tbl Mriup—s Mriup—s fhtlst bitlf bitlf do Abdoh, Khonhrdo K honhrdo Irdlothf Uuniom, Qbhombhd Qbh ombhd whs wh s doafunln do Aionä Ohst ^rhvlflr—s \Q  ‒Bit  ‒Bit Fdst 058> @lst Nlsdmo Bitlfs—. Bitlfs—. Do Fionio, Khonhrdo Irdlothf Bynl Uhrc rlaldvln tbl ‒Dotlrdi ‒Dotlrdirr Nlsdmo Hwhrn— gir dts olw tlh hon abhkphmol fiuoml, ^bl Pisl`lry , do tbl Luriplho Bitlf Nlsdmo Hwhrns  058>.  058>. ^bl Mriup—s Mriup—s mfi`hf rlaimodtdio ds gurtblr gur tblr lobhoaln `y iur hwhrn-wdoodom dotlrohtdiohf hnvlrtdsdom ahkphdmo ah kphdmo  wbdab oiw glhturls 02 alfl`rdty alfl`rdty ‒ghos—, wbi rlmufhrfy sthy do iur bitlfs. Nurdom Nurdom tbl fhst 80 kiotbs, kiotbs, tbl Mriup  wlfaikln tbl Hahnlky Hwhrn wdoodom Hklrdaho hatir hon ndrlatir, ndrlatir, Kirmho Kirmho Grllkho hon Biffywiin hatrlss, Fuay Fdu ti tbl ahkphdmo. ah kphdmo. ^bl Mriup—s Mriup—s rlfhtdiosbdp wdtb dts alfl`rdty ghos mils ghr `lyion tbldr hpplhrhoal hpplhrh oal do tbl hnvlrtdslklots hfiol. ^bly grlqulot tbl Mriup—s Mriup—s bitlfs bitlfs rlmufhrfy rlmufh rfy,, hon gurtblr g urtblr lobhoal lobh oal `rhon rlaimodtdio `y httlondom lvlots hon klltdom wdtb mulsts. ^bl Mriup hfsi aiotdouls ti dovlst do dts hwhrn-wdoodom wl`sdtl hon do ndmdthf khrcltdom kh rcltdom hariss hff hf f nlvdals hon do kuftdpfl fhomuhmls. fhomuh mls. Aikphrln ti tbl prlvdius ylhr, iofdol rlvlouls bhvl dkprivln `y 2% io h fdcl-gir fd cl-gir-fdcl -fdcl `hsds hon h on oiw rlprlslot 81% 81% ig tithf trhosdlot riik rlvloul. Gurtblrkirl, tbl Mriup hatdvlfy loaiurhmls h mfi`hf m fi`hf aiovlrshtdio wdtb aiosuklrs tbriumb dts siadhf klndh strhtlmy, hon oiw bhs h fhrmlr fh rmlr hon kirl aioolatln mfi`hf ndmdthf oltwirc tbho lvlr `lgirl, rlhabdom aiosuklrs do hff h ff airolrs ig tbl mfi`l, doafundom h mriwdom giffiwdom io Abdoh—s kist dkpirthot siadhf klndh pfhtgirks. Khonhrdo Irdlothf—s Irdlothf —s mihf, mihf, ti `l rlaimodzln hs tbl t bl wirfn—s wirfn—s `lst fuxury bitlf mriup, wdff `l gurtblr haaikpfdsbln hs wl doarlhsl tbl t bl ouk`lr ig bitlfs wl iplrhtl iplrhtl do olw hon lxadtdom trhvlf nlstdohtdios. nlstdo htdios.

 0) Qtrlomtblodom Qtrlomt blodom iur aikpltdtdvl pisdtdio Ardtdahf ti tbl Mriup—s Mriup—s suaalss ds tbl t bl giaus ig lvlry bitlf io khdothdodom khdoth dodom ir lobhoadom tbldr t bldr flhnlrsbdp pisdtdios pisdtdios hmhdost hmhd ost prdkhry aikpltdtirs do tbldr dondvdnuhf khrclts. Qtriom `rhon rlaimodtdio, aik`doln aik`doln wdtb tbl strlomtb ig iur bitlf khohmlklot tlhks, pfus tbl hnnln suppirt privdnln `y ho lsth`fdsbln airpirhtl struaturl, hffiws h ffiws iur priplrtdls ti aikpltl lgglatdvlfy hon h on ti habdlvl prlkduk rhtls. Do D o 058>, 058>, iur pisdtdio whs gurtblr g urtblr suppirtln `y fdkdtln olw suppfy do khoy ig tbl cly khrclts do wbdab wl iplrhtl. ^bl Mriup—s Mriup—s strhtlmy ds ti arlhtl quhfdty slrvdals slrv dals hon ghadfdtdls wbdab httrhat httrh at dondvdnuhfs wbi wdff phy h prlkduk gir mloudol fuxur fuxuryy lxplrdloals. ^bds arlhtls nlkhon, wbdab hffiws tbl bitlfs ti doarlhsl hvlrhml rhtls hariss tbl pirtgifdi. Nlkimrhpbda trlons suppirt suppirt tbds strhtlmy, strhtlm y, wdtb bdmblr splondom fldsurl austiklrs oiw khcdom up afisl ti , wbdfl kist habdlvln bdmblr hvlrhml rhtls do fiahf fiah f aurrloay tlrks. Plaimodtdio Plaimo dtdio ig tbl Mriup Mriup whs gurtblr gu rtblr lobhoaln lobh oaln wdtb tbl wlff-pu`fdadzln bitlf iplodom do ^hdpld. ^hdpld. Ivlrhff, Plvloul plr Hvhdfh`fl Piik (‒PlvU ( ‒PlvUHP—) HP—) gir Hsdh H sdh doarlhsln `y 8% do fiahf aurrloay tlrks ivlr 0581, io h fdcl-gir-fdcl `hsds. Khonhrd o Irdlothf, Biom Ciom plrgirkln wlff Khonhrdo wlff nlspdtl tbl dkphat ig tbl pifdtdahf nlkiostrhtdios do tbl adty do tbl fhst quhrtlr, habdlvdom ho ivlrhff ivlrhf f rlvloul doarlhsl doarlhsl wbdab whs 1% 1 % h`ivl tbl prlvdius prlvdius ylhr. ^bl priplrty rlaldvln tbl ‒Gdvl Qthr— rhtdom rht dom do tbl 058 058< < Gir`ls ^rhvlf Mudnl  gir  gir tbl bitlf, tbl sph hon tbrll ig dts rlsthurhots, Udlrrl, ^bl Crum Piik hon ^bl Khonhrdo Mrdff . ^bl Fhonkhrc Fhonkh rc Khonhrdo Irdlothf, Biom Ciom habdlvln tbl shkl sh kl haaifhnl gir tbl bitlf, sph hon Hk`lr  rlsthurhot.  rlsthurhot. ^bl Lxalfsdir Lxalf sdir,, tbl Mriup Mriup—s —s itblr wbiffy-iwoln bitlf do Biom Ciom hfsi h fsi plrgirkln wlff aikpltdtdvlfy, aikpltdtdvlfy, biwlvlr, PlvUHP whs niwo >% khdofy kh dofy nul ti tbl dkphat ig tbl pifdtdahf nlkiostrhtdios do tbl fhst fh st quhrtlr. Nlspdtl tbl PlvUHP nlarlhsl, giin hon h on `lvlrhml plrgirkhoal plrgirkhoa l whs ri`ust, dkprivdom d kprivdom `y Aionä Ohst ^rhvlflr, \Q  ‒Plhnlrs—  ‒Plhnlrs— Abidal Hwhrns—, Hwhrns—, wbdfl tbrll t brll ig dts rlsthurhots rlsthurh ots wlrl hwhrnln Kdablfdo sthrs sth rs do tbl 058 058< < mudnl, tbl iofy bitlf do tbl adty ti habdlvl tbds haaifhnl. Khonhrd o Irdlothf, Qdomhpirl whs dkphatln `y wlhclr Khonhrdo wlhclr adty-wdnl airpirhtl nlkhon wbdab whs phrtdhffy phrtdhf fy iggslt `y ho doarlhsl do d o fldsurl nlkhon, rlsuftdom do h sdkdfhr sdk dfhr PlvUHP ti 0581. 0581. ^bl bitlf hfsi habdlvln Gir`ls ‒Gdvl Qthr— sthtus do tbl t bl hoouhf 058 0 58> > Gir`ls ^rhvlf Mudnl  gir  gir `itb tbl bitlf hon dts sph, hon whs wh s vitln iol ig tbl tip adty adty bitlfs do Hsdh do ^rhvlf + Fldsurl —s —s ‒]irfn—s ‒]irfn—s @lst Hwhrns— 058 058>. >. Khonhrdo Irdlothf, @homcic whs hnvlrslfy hgglatln `y tbl iomidom pifdtdahf pifdtdahf uoalrthdoty uoalrth doty do ^bhdfhon, ^bhdfh on, wbdab aiotdouln ti supprlss vdsdtir vdsdtir hrrdvhfs. hrrdvh fs. ^bl bitlf ndn wlff ti doarlhsl dts hvlrhml rhtl, biwlvlr ivlrhff PlvUHP whs niwo 8>% do fiahf aurrloay tlrks aikphrln a ikphrln ti 0581. 0581. ^bl bitlf rlkhdos tbl khrclt flhnlr do tbl adty hon h on whs ioal hmhdo hmh do rlaimodzln do tbl kist dkpirthot dkpirth ot trhvlf hwhrns, doafundom `ldom vitln ‒^bl ]irfn—s ]irfn—s Ouk`lr 8— do  Aionä Ohst ^rhvlfflr, \C —s ‒Plhnlrs— ‒Plhnlrs— Abidal Hwhrns— 058>. 058>. Dt whs hfsi h fsi fdstln hs h s ho ‒Lonurdom Afhssda— do Ginir— s ‒]irfn—s ‒]i rfn—s @lst Bitlfs— 058> 058> fdstdoms. fdstdo ms. Kirlivlr, Kirlivlr, tbl bitlf hfsi habdlvln Gir`ls  ‒Gdvl  ‒Gdvl Qthr— sthtus do tbl 058< 058< dohumurhf dohumurh f Gir`ls ^rhvlf Mudnl  do  do ^bhdfhon ^bhdfh on gir `itb tbl bitlf bitlf hon dts sph.

88

 

80

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Mriup Abdlg Lxlautdvl—s Plvdlw

Aiotdouln 

Khonhrdo Irdlothf, Jhchrth Jhch rth khdothdoln khdoth doln dts khrclt sbhrl hon `lol﬈tln grik tbl striom fiahf fiahf laioiky, habdlvdom ho ivlrhff doarlhsl doarlh sl do PlvUHP ig gir dts airpirhtl rlspiosd`dfdty dodtdhtdvls. Ulrgirkhoals ig tbl Mriup—s Mriup—s rlkhdodom bitlfs do tbl rlmdio wlrl rlsdfdlot, hon doafunl tbl ﬈rst ﬈ rst guff-ylhr gu ff-ylhr khohmlklot glls grik iur bitlfs do Muhomzbiu hon Qbhombhd Qbhom bhd wbdab iploln do 0581. 0581. @itb hrl habdlvdom rlaimodtdio gir tbldr lxalptdiohf lxalptdiohf slrvdals hon h on ghadfdtdls. Khonhrdo Irdlothf Uuniom, Qbhombhd Qbhomb hd whs ohkln oh kln iol ig tbl ‒@lst Olw Bitlfs ig ^bl Tlhr— do Aionä Ohst ^rhvlfflr \C —s ‒Bit Fdst—, hs wlff hs ^rhvlf + Fldsurl  Fld surl —s —s ‒Dt Fdst— Fds t—.. Khonhrdo Irdlothf, Muhomzbiu whs wh s vitln iol ig tbl kist ‒Mfhkirius ‒Mfhkirius Bitlfs do Abdoh— do tbl Abdoh Bitlf Qthrfdmbt Hwhrns , wbdab ds iol ig tbl kist prikdolot prikdolot hwhrn fdstdoms do khdofhon Abdoh. Abdo h. Gdohffy, tbl olw Khonhrdo Irdlothf bitlf do ^hdpld, ^hdpld, wbdab iploln ti mrlht haafhdk do d o Khy, ds lsth`fdsbdom dtslfg hs iol ig tbl `lst bitlfs do tbl adty hon ds habdlvdom bdmb hvlrhml rhtls. Luripl

Do Luripl, tbl Mriup—s Mriup—s bitlfs wlrl suaalssguf do d o khdothdodom khdothdo dom tbldr pisdtdios ht tbl tip lon ig tbldr khrclts, hon kist aiotdouln ti `lol﬈t grik rlsdfdlot nlkhon do tbl fldsurl slatir. sl atir. Hariss tbl rlmdio, PlvUHP PlvUHP doarlhsln doarlhs ln `y 1% do fiahf aurrloay tlrks, io h fdcl-girfdcl-gir-fdcl fdcl `hsds wdtb 0581. 0581. Khonhrdo Irdlothf Bynl Uhrc, Uhrc, Fionio whs dkphatln `y wlhclr wlh clr nlkhon, wbdab rlnualn PlvUHP `y > Ohtdiohf Plsthurhot Hwhrns . Nurdom tbl ylhr, ylh r, tbl bitlf dotrinualn dotrinualn dts olw swdkkdom swdkkdo m piif hon ﬈tolss alotrl, hon fhuoabln ^bl Pisl`lry , h fuxurdius hgtlroiio hg tlroiio tlh hon abhkphmol fiuoml wbdab bhs habdlvln h striom giffiwdom. ^bl Mriup bhs hfsi hooiuoaln h ooiuoaln tbht dt wdff dovlst £ 2< kdffdio (\Q$815 kdffdio) ti rloivhtl tbl Fionio bitlf. bitlf. ^bl prijlat, wbdab wdff wdf f aikkloal do 0587 hon thcl hpprixdkhtlfy 82 kiotbs ti aikpfltl, wdff aikprdsl h guff guf f rloivhtdio ig tbl lxdstdom mulstriiks, rlsthurhots, rlsthurh ots, `hrs, klltdom ghadfdtdls gh adfdtdls hon fi``y. fi``y. Do hnndtdio, twi olw plotbiusl sudtls ivlrfiicdom ivlrfiicdom Bynl Uhrc wdff `l arlhtln hs wlff wlf f hs ho lxphosdio ig tbl sph ghadfdtdls hon h on dkprivlklots dkprivl klots ti airl `udfndoms slrvdals. ^bl ^ bl bitlf wdff rlkhdo iplo nurdom tbl rloivhtdio plrdin wdtb rlnualn ghadfdtdls hon riik dovlotiry. Khonhrdo Irdlothf, Kuodab aiotdouln ti plrgirk wlff hs h rlsuft ig striom nlkhon do tbl bdmb-lon fldsurl khrclt, kh rclt, hon khdothdoln khdoth doln 0581 0581 PlvUHP flvlfs do fiahf aurrloay tlrks. ^bl bitlf rlkhdos tbl uondsputln khrclt flhnlr hon  whs iol ig tbl ‒^ ‒^ip ip ^wloty ^wloty Bitlfs Bitlfs do Oirtb Luripl— Luripl— do Aionä Ohst ^rhvlflr— s, \Q  ‒Plhnlrs—  ‒Plhnlrs— Abidal Hwhrns— 058>. Do 058,  058>, hs wlff w lff hs h s `ldom vitln vitl n iol ig tbl ‒^ ‒ ^ip 85 Adty Bitlfs do Qwdtzlrfhon— do tbl wlff rlmhrnln rlmh rnln Qwdss `usdolss pu`fdahtdio, @dfhoz .

 

Hoouhf Plpirt 058>

Khonhrd o Irdlothf, Uhrds bhs `llo gurtblr rlaimodzln Khonhrdo rlaimodz ln hs iol ig tbl `lst fuxury bitlfs do tbl adty hon aiotdouls ti dkprivl dts dts plrgirkhoal. ^bl priplrty doarlhsln doarlh sln `itb iaauphoay iaauphoa y hon hvlrhml rhtl, flhndom ti h PlvUHP upfdgt ig 058> ‑ iol ig iofy ldmbt bitlfs do tbl adty ti rlaldvl tbds bioiur. Lfslwblrl do tbl rlmdio, iur bitlfs do @hralfioh hon Urhmul suaalssgu suaa lssguffy ffy khdothdoln khdothd oln tbldr tip aikpltdtdvl aikpltdtdvl pisdtdios. @itb priplrtdls rlaldvln gurtblr mfi`hf rlaimodtdio rla imodtdio gir lxalffloal, hon wlrl glhturln do Aionä Ohst ^rhvlflr— s, \Q   ‒Plhnlrs— Abidal Hwhrns— 058> 058> hs t wi ig tbl tip bitlfs do tbldr rlsplatdvl adtdls. Do hnndtdio, Khonhrdo Khonh rdo Irdlothf, @hralfioh whs vitln ‒@lst \r`ho Bitlf— do Aionä Ohst ^rhvlflr —s 058> 058> Qphodsb lndtdio, hon hfsi h fsi mhdoln mh doln tip bioiurs do tbl QphGdonlr  ‒Aiuotry  ‒Aiuotry ]lffolss Hwhrns— 058>. 058>. ^bl Mriup—s Mriup—s rlaimodtdio whs gurtblr g urtblr lobhoaln lobh oaln wdtb tbl hrrdvhf ig dts ﬈rst Luriplho rlsirt do @inruk @inr uk wbdab bhs bh s habdlvln bdmb hvlrhml rhtls hon whs fdstln f dstln hs iol ig tbl ‒]irfn—s ‒]irfn—s @lst Bitlfs— do tbl 058< ^htflr \C  \ C  ‒^rhvlf  ‒^rhvlf Mudnl— Mudnl —. ^ bl H kl r d ahs

^bl trhndom lovdrioklot do ^bl Hklrdahs aiotdouln ti strlomtblo do 058>, flhndom ti doarlhsln nlkhon gir kist ig tbl Mriup—s Mriup—s bitlfs do tbl rlmdio wdtb ho ivlrhff ivlrh ff PlvUHP doarlhsl ig , 058>, wdtb tbrll bitlfs htthdo ht thdodom dom tbl ouk`lr iol spit gir ‒@lst @usdolss Bitlf— do ^rhvlf + Fldsurl— s ‒]ir ‒]irfn—s fn—s @lst @usdolss Bitlfs— 058>. 058>. Khonhrdo Irdlothf, ]hsbdomtio ]hsbdomtio N.A. fhrmlfy khdothdoln khdoth doln dts aikpltdtdvl pisdtdio pisdtdio do tbl khrclt, `ut hs h rlsuft rlsu ft ig h nrip do ivlrhff ivlrh ff vdsdtir hrrdvhfs ti tbl adty, PlvUHP PlvUHP whs wh s niwo . Khonhrdo Irdlothf, Olw Tirc Tirc suaalssguffy suaalssguf fy khdothdoln dts aikpltdtdvl pisdtdio hs tbl khrclt flhnlr nurdom tbl ylhr, habdlvdom h 1% 1 % doarlhsl do PlvUHP. ^bl bitlf—s dotlrohtdiohf rlaimodtdio hs iol ig tbl wirfn—s wirfn—s kist fuxurdius priplrtdls whs gurtblr g urtblr rldogiraln `y tbl rltlotdio ig `itb tbl prlstdmdius Gir`ls  ‒Gdvl  ‒Gdvl Qthr— rhtdom hon tbl Hklrdaho Hutiki`dfl Hssiadhtdio—s ‒Gdvl Ndhkion Finmdom Hwhrn—.  Ht Khonhrdo Irdlothf, Irdlothf, Kdhkd, sth`fl khrclt aiondtdios aiondtdios fln ti ho upfdgt do PlvUHP PlvUHP ig 1%. ^bl bitlf aiotdouls ti ti rlaldvl pisdtdvl klndh httlotdio, hon habdlvln h trdpfl tr dpfl Gir`ls  ‒Gdvl  ‒Gdvl Qthr— rhtdom do 058 058< < gir tbl bitlf, tbl sph hon h on dts rlsthurhot Hzuf  ‑  ‑ tbl iofy bitlf do Gfirdnh ti si ni. Do 058>, tbl bitlf dotrinualn h olw rlsthurhot hon h on `hr, Fh Khr , `y alfl`rdty Ulruvdho ablg Mhstio Haurdi, wbdab whs wh s vitln iol ig tbl ‒Gdgtllo ‒Gdgtllo Bittlst Plsthurhot Plsthurh ot Iplodoms  Hriuon tbl \Q— do tbl fhtlst Zhmht  ndodom  ndodom mudnl. Khonhrdo Irdlothf, @istio khdothdoln dts pisdtdio hs khrclt flhnlr, dkprivdom dkprivdom dts PlvUHP `y =%, wbdfl tbl t bl Mriup—s Mriup —s bitlfs bitlfs do Htfhoth Ht fhoth hon h on Fhs Wlmhs doarlhsln d oarlhsln tbldr PlvUHP `y 8>% hon 8

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Mriup Abdlg Lxlautdvl—s Plvdlw

Aiotdouln 

 1) Doarlhsdom tbl ouk`lr ig riiks uonlr iplrhtdio ti 85,555  Khonhrdo Irdlothf bhs bh s habdlvln striom mlimrhpbda ndvlrsd﬈ahtdio wdtb h wlff-`hfhoaln pirtgifdi hariss tbl mfi`l hon ds io trhac ti kllt dts kdn-tlrk mihf ig iplrhtdom 85,555 riiks do cly mfi`hf fiahtdios wdtbdo tbl olxt glw ylhrs. ^inhy , tbl Mriup iplrhtls afisl ti 2,55 2,555 5 riiks 0= bitlfs h riuon hriuon honfiahtln `y doafundom t bl bitlfs tbl uonlr ^inhy, nlvlfipklo nlvlfipklot, t, tbl tithf pirtgifdi oiw lxtlons ti hfkist hdofkist 88,555 88,555 riikstbl do wirfn, >> bitlfs do 0> aiuotrdls. ^brll olw bitlf khohmlklot kh ohmlklot aiotrhats, h bitlf lxphosdio hon iol olw rlsdnlotdhf prijlat wlrl hooiuoaln do 058>: 058>:  Do Jhouhry, Jhouh ry, tbl Mriup Mriup hooiuoaln h olw khohmlklot aiotrhat gir h fuxury rlsirt do @hfd, Doniolsdh, sablnufln ti iplo do 0582. Fiahtln siutbwlst ig Oush Nuh, tbds 88>-riik 88>-riik bitlf doafunls 22 lxphosdvl piif vdffhs, vdf fhs, hon h on ds sdtuhtln io h afdggsdnl wdtb phoirhkda vdlws hon ndrlat haalss ha alss ti h slafunln `lhab.

•  

 Do Khrab, tbl Mriup lotlrln doti doti ho hmrllklot wdtb h fiahf fiah f nlvlfipklot nlvlfipklot phrtolr ti lxphon dts wbiffy iwoln priplrty do Kuodab tbriumb t briumb tbl aiostruatdio a iostruatdio ig h olw kdxln-usl aikpflx ippisdtl ippisdtl tbl bitlf, sablnufln ti iplo do 0508. ^bl olw nlvlfipklot nlvlfipklot wdff aikprdsl twi t wi `udfndoms tbht t bht wdff jidotfy biusl kdffdio (\Q$8-riik 85>-riik fuxur fuxuryy bitlf do Kdfho hon ho lxafusdvl rlsirt aikprdsdom aikprdsdom 71 prdvhtl vdffhs do Khrrhclab, Kh rrhclab, `itb ig wbdab hrl nul ti iplo do tbl slaion quhrtlr ig 058 do Olw Tirc, tbl hssiadhtln `rhondom ig tblsl prijlats bhs, io hvlrhml, rlsuftln do glls ig hppri hpprixdkhtlfy xdkhtlfy \Q$< kdffdio kd ffdio plr hoouk ivlr tbl nlahnl. ^blsl glls, hs wlff hs h s iomidom rlvlouls grik khohmlklot glls hon tbl usl ig bitlf ghadfdtdls `y tbl bikl iwolrs, sbiufn privdnl h mriwdom rlturo gir tbl Mriup do guturl ylhrs.

 

Hoouhf Plpirt 058>

^bl Mriup—s Mriup—s strhtlmy ig iplrhtdom `itb iwoln hon khohmln khoh mln bitlfs rlkhdos do pfhal. Khonhrdo Kh onhrdo Irdlothf ds wlff pisdtdioln ti thcl hnvhothml ig slflatdvl dovlstklot ippirtuodtdls do strhtlmda fiahtdios tbht igglr httrhatdvl httrh atdvl rlturos,  wbdfl ht tbl shkl tdkl iur striom `rhon aiotdouls aiotdouls ti `l siumbt hgtlr `y nlvlfiplrs nlvlfiplrs ig ig fuxury bitlfs. ^bl fiom-tlrk fiom-tlrk pitlotdhf mriwtb dsdosdmod﬈ahot, sdmod﬈a hot, tbl Mriup bhs dohriuon t bl pdplfdol tbl khoy ippirtuodtdls gir hnndtdiohf fuxurdius bitlfs hongir rlsdnloals dkpirth dkpirthot ot hon ir uodqul fiahtdios tbl wirfn.

>) Habdlvdom h striom ﬈ohoadhf plrgirkhoal  plrgirk hoal  ^bl Mriup—s Mriup—s ivlrhff ﬈ohoadhf ﬈o hoadhf plrgirkhoal plr girkhoal dkprivln do 058>, 058>, hs striom aikpltdtdvl plrgirkhoals wlrl khdothdoln khdoth doln hariss tbl khjirdty ig tbl pirtgifdi. \onlrfydom pri﬈t pri﬈t do 058> whs \Q$4= kdffdio, h rlairn flvlf gir tbl Mriup Mriup,, aikphrln ti tbl prlvdius rlairn uonlrfydom pri﬈t ig \Q$41 \Q$ 41 kdffdio rlpirtln do 0581. ^bl Mriup—s Mriup—s ﬈ohoadhf ﬈ohoadh f wlff-`ldom rlkhdos guonh guonhklothf klothf ti dts suaalss. Ht 18st 18st Nlalk`lr 058>, 058>, mlhrdom whs 81% ig hnjustln sbhrlbifnlr guons. ^bl @ihrn bhs rlaikklonln h ﬈ohf ndvdnlon ig \Q¢ rdmbts dssul ds sul ig olw irndohry sbhrls. ^bl priallns ig tbl rdmbts dssul wdff `l usln ti phy niwo nl`t, tblrl`y privdndom tbl Mriup wdtb wdtb tbl ahphadty ti ﬈ohoal ﬈oh oal tbl £2< kdffdio kdf fdio (\Q$815 kdffdio) rloivhtdio ig Khonhrdo Irdlothf Bynl Uhrc, Fionio hon khcl gurtblr g urtblr dovlstklots do fdol wdtb dts nlvlfipklot strhtlmy. strhtlmy.

^bl guturl  ]bdfl abhfflomdom abhf flomdom aiondtdios aiondtdios hrl lxplatln ti aiotdoul do sikl khrclts, nlkhon gir tbl Khonhrdo Irdlothf Irdlothf `rhon rlkhdos striom. Kirlivlr, Kirlivlr, tbl Mriup—s Mriup—s rlsufts wdff `lol﬈t grik tbl gurtblr sth`dfdzhtdio s th`dfdzhtdio ig dts rlalotfy iploln bitlfs, hs wlff hs grik tbl aiotdouln a iotdouln mriwtb ig dts mfi`hf pirtgifdi hs olw priplrtdls iplo do ndvlrsl fiahtdios. Do hnndtdio, tbl Mriup wdff `l suppirtln `y tbl doarlhsdom ouk`lr ig bdmb olt wirtb trhvlfflrs grik `itb trhndtdiohf hon h on lklrmdom khrclts, hs wlff hs tbl fdkdtln suppfy ig aikpltdtdvl fuxury bitlfs do iur cly khturl khrclts. ^bl mlimrhpbdahf mlimrhpbdah f `rihnlodom ig tbl Mriup—s Mriup—s bitlf pirtgifdi hon tbl doarlhsdom ippirtuodtdls gir `rhonln Plsdnloals   prijlats dotlrohtdiohffy, dotlrohtdiohffy, uonlrfdl tbl strlomtb ig tbl `rhon hon h on tbl mriwdom rlaimodtdio ig Khonhrdo Irdlothf hs hs iol ig tbl `lst fuxury bitlf mriups do tbl wirfn. wirfn.

Lniuhrn Lttlnmud Mriup Abdlg Lxlautdvl  81tb Khrab Kh rab 058< 058<

8<

 

87

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Iplrhtdom Qukkhry

^blrl hrl 0= bitlfs do iplrhtdio, `ut tbl iplrhtdom sukkhry doafunls iofy bitlfs do wbdab tbl Mriup bhs ho lqudty dotlrlst hon wlrl iplrhtdom tbriumbiut 058>.

HQDH  Khonhrdo Irdlothf, Biom Ciom Ciom 855% iwolrsbdp

 Khonhrdo Irdlothf, Qdomhpirl    058>

0581

% Abhoml

Hvhdfh`fl riiks

 

0581

% Abhoml

Hvhdfh`fl riiks

1=> 

141

(8 

) (>)

Hvlrhml iaauphoay (%)

088

5

Hvlrhml riik rhtl (\Q$)

127 

1==

822

(>)) (>

PlvUHP (\Q$)

8

0581

% Abhoml

Hvhdfh`fl riiks

8=2 

8=2

=7 

Hvlrhml riik rhtl (\Q$) PlvUHP (\Q$)

   

058>   058>

0581

% Abhoml

5

Hvhdfh`fl riiks

710 

710

5

=>

1

Hvlrhml iaauphoay (%)

71 

70

0

44

>

Hvlrhml riik rhtl (\Q$)

842 

050

(0)) (0

14= 

1=8

=

PlvUHP (\Q$)

80> 

807

(0)) (0

 Khonhrdo Irdlothf, Jhchrth 47.4% iwolrsbdp    

058>   058>

0581

% Abhoml

Hvhdfh`fl riiks

0=0 

0=0

5

 

82<

(8)) (8

PlvUHP (\Q$)

854 

88=

(=)) (=

Hvlrhml iaauphoay (%)

0581

Hvlrhml iaauphoay (%)

   

Hvlrhml iaauphoay (%)

058>   058>

(1) (1)

^bl Lxalfsdir, Biom Ciom 855% iwolrsbdp

Hvlrhml iaauphoay (%)

   

 

Hoouhf Plpirt 058>   8=

L \PIU L

^BL HKLPDAHQ

 Khonhrdo Irdlothf Bynl Uhrc, Uhrc, Fionio 855% iwolrsbdp

 Khonhrdo Irdlothf, ]hsbdomtio ]hsbdomtio N.A. 25% iwolrsbdp

   

058>   058>

0581

% Abhoml

Hvhdfh`fl riiks

84> 

84>

5

=2 

25

Hvlrhml riik rhtl (\Q$)

2=0 

PlvUHP (\Q$)

720 

Hvlrhml iaauphoay (%)

058>   058>

0581

% Abhoml

Hvhdfh`fl riiks

14= 

14=

5



5

=> 

=<

Hvlrhml riik rhtl (\Q$)

427 

4>=

>

PlvUHP (\Q$)

=10 

=57

1

(8) (8)

 Khonhrdo Irdlothf, Kdhkd 0   058>

0581

% Abhoml

Hvhdfh`fl riiks

812 

812

72 

Hvlrhml iaauphoay (%) Hvlrhml riik rhtl (\Q$) PlvUHP (\Q$)

 

058>   058>

0581

% Abhoml

5

Hvhdfh`fl riiks

107 

107

5

77

1

Hvlrhml iaauphoay (%)

=5 

=5

5

8,151 

8,021

0

Hvlrhml riik rhtl (\Q$)

1=8 

170

0

245 

2>4

<

PlvUHP (\Q$)

078 

0   058>

0581

% Abhoml

Hvhdfh`fl riiks

847 

84=

(8)) (8

7 fuxury rlsdnloals fiahtln hariss tbl Abhi Ubrhyh Pdvlr grik Khonhrdo Irdlothf, @homcic, phrt ig ho daioda kdxln-usl rdvlrgriot nlvlfipklot.

Khonhrdo Irdlothf, @ldjdom  H 0>8-riik bitlf fiahtln do tbl alotrhf `usdolss ndstrdat, hon phrt ig tbl daioda olw blhnquhrtlrs ig Abdoh Alotrhf ^lflvdsdio (AA^W).

Khonhrdo Irdlothf, Ablomnu  H 10=-riik bitlf wdtb 82 slrvdaln hphrtklots fiahtln io tbl tip 11 gfiirs ig ho daioda tiwlr, io h prdkl rdvlrgriot sdtl do Jdojdhom Ndstrdat, hariss grik tbl hoadlot ]hom-jdhom Uhrc.

Khonhrdo Irdlothf, Abiomqdom  H 081-riik bitlf wdtb 82 slrvdaln hphrtklots sdtuhtln do tbl blhrt ig tbl alotrhf `usdolss ndstrdat wdtb phoirhkda vdlws ig tbl adty scyfdol.

Khonhrdo Irdlothf, Khfndvls Ho lxafusdvl bdnlhwhy rltrlht fiahtln io h prdstdol prdvhtl dsfhon, glhturdom 88> sphadius sthon-hfiol vdffhs, doafundom 05 whtlr vdffhs do h stuoodom ohturhf slttdom.

Khonhrdo Irdlothf, Khodfh  H 0=55 kltrl tiwlr wdtb iutsthondom vdlws ig tbl adty scyfdol hon tbl surriuondom adty phrcs.

Luripl, Kdnnfl Lhst hon Oirtb Hgrdah Khonhrdo Irdlothf, H`u Nbh`d H 80 Plsdnloals ht Khonhrdo Irdlothf .

Khonhrdo Irdlothf Nlffds Ahy, ^urcs & Ahdais H slafunln 8

Gdohoadhf Plvdlw

Haaiuotdom pifdadls ^bl Ndrlatirs aiotdoul ti rlvdlw tbl hppriprdhtlolss ig tbl haaiuotdom haa iuotdom pifdadls hniptln `y tbl Mriup bhvdom rlmhrn rlmh rn ti nlvlfipklots nlvlfipklots do Dotlrohtdiohf Gdohoadhf Plpirtdom Qthonhrns (‒DGPQs—). ^bl haaiuotdom pifdadls hniptln hrl aiosdstlot wdtb tbisl ig tbl prlvdius ylhr, lxalpt tbht tbl Mriup bhs hniptln slvlrhf olw sthonhrns, hklonklots hon dotlrprlthtdios ti DGPQs lgglatdvl lg glatdvl io 8st Jhouhry 058 058>, >, hs kirl guffy guf fy nlthdfln do tbl ‒@hsds ‒@h sds ig prlphrhtdio— oitl do tbl ﬈ohoadhf ﬈ohoadh f sthtlklots. ^bl hniptdio ig ig tblsl olw sthonhrns, sthonh rns, hklonklots hon dotlrprlthtdios dotlrprlthtdios ndn oit bhvl h khtlrdhf khtlrdh f dkphat io tbl Mriup—s ﬈ohoadhf sthtlklots.

Plsufts Ivlrhff  ^bl Mriup usls lhrodoms `lgirl dotlrlst, thx, nlprladhtdio hon hkirtdzhtdio (‒L@D^NH—) (‒L@D^NH—) ti hohfyzl hoh fyzl iplrhtdom plrgirkhoal. ^ithf uonlrfydom u onlrfydom L@D^NH doafundom tbl Mriup Mriup—s —s sbhrl ig uonlrfydom L@D^NH grik hssiadhtls ds sbiwo `lfiw:    

058>   058> \Q$k  \Q$k 

0581 \Q$k

Qu`sdndhrdls

82   058> \Q$k  \Q$k 

0581 \Q$k

L@D^NH grik su`sdndhrdls

82, uonlrfydom L@D^NH grik g rik su`sdndhrdls doarlhsln `y \Q$8>.5 kdffdio ir 2%, ti \Q$82 L@D^NH doarlhsln `y \Q$08.< kdffdio ir 81%, ig wbdab wb dab \Q$8>.4 \Q$8>.4 kdffdio whs nul ti `rhondom glls rlaldvln do rlfhtdio ti tbl iomidom shfls ig ^bl Plsdnloals ht Khonhrdo Irdlothf  do  do @inruk. Do Biom Ciom, wbdfl pifdtdahf nlkiostrhtdios do tbl adty dkphatln plrgirkhoal nurdom tbl fhst quhrtlr quhr tlr ig tbl ylhr, Khonhrdo Irdlothf, Biom Ciom khdothdoln dts PlvUHP do fdol wdtb tbl rlairn flvlfs habdlvln do 0581 hon rlpirtln ho doarlhsl doarlhs l do `itb rlvloul hon L@D^NH. ^bl Mriup—s Mriup—s itblr wbiffy-iwoln Biom Ciom bitlf, ^bl Lxalfsdir, Lxalfsdir, wbdab whs wh s hfsi dkphatln `y tbl pifdtdahf pifdtdah f nlkiostrhtdios do tbl adty, khdothdoln ivlrhff ivlrhf f rlvloul hon L@D^NH do fdol wdtb prdir ylhr, nlspdtl nlspdtl h >% nlafdol do PlvUHP nul ti h ri`ust plrgirkhoal do Giin hon h on @lvlrhml. Do ^icyi, ^icyi, tbl aiotdouln rlaivlry do vdsdtir hrrdvhfs rlsuftln do h striom dkprivlklot do iplrhtdom plrgirkhoal, hftbiumb h wlhclr Jhpholsl ylo klhot tbht plrgirkhoal mhdos wlrl oit guffy rlfflatln do tbl \Q niffhr rlsufts.  ]bdfl tbl Jhchrth bitlf rlpirtln dkpri dkprivln vln plrgirkhoal do fiahf aurrloay tlrks, h wlhclr wlh clr Doniolsdho rupdhb klhot tbht dts L@D^NH aiotrd`utdio whs fiwlr  wblo trhosfhtln doti doti \Q niffhrs. Do Khodfh, nlspdtl nlspdtl h nlafdol do trhndom giffiwdom tbl hooiuoalklot ig tbl bitlf—s plondom afisurl do Juol, hon phyklot phy klot ig hssiadhtln afisurl aists, a ists, tbl bitlf—s aiotrd`utdio nurdom tbl odol kiotbs uotdf dts afisurl do Qlptlk`lr whs `rihnfy do fdol wdtb w dtb 0581. 0581.

08

 

00

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Gdohoadhf Plvdlw Aiotdouln 

Qu`sdndhrdls aiotdouln  Qigtlr nlkhon do Fionio fln ti h fiwlr aiotrd`utdio grik tbl bitlf, wbdfl gurtblr sth`dfdzhtdio ig tbl Uhrds

Do tithf, tbl Mriup—s Mriup—s sbhrl sbh rl ig uonlrfydom L@D^NH grik hssiadhtls nlarlhsln nlarlhsl n `y \Q$ kdffdio ir 8, prdkhrdfy prdkhrd fy nul ti wlhclr wlh clr

bitlf iplrhtdio rlsuftln do `itb bdmblr rlvloul hon L@D^NH, hgtlr lxafundom tbl iol-igg arlndts rlfhtln ti tbl haqudsdtdio ha qudsdtdio ig tbl `udfndom—s grllbifn dotlrlst do 0581. Do Kuodab, tbl bitlf khdothdoln PlvUHP hon L@D^NH `rihnfy do fdol wdtb w dtb tbl prdir ylhr, wbdfl dkprivln plrgirkhoal do Mlolvh fln ti ho doarlhsln aiotrd`utdio aiotrd`utdi o grik tbl bitlf.

plrgirkhoal do @homcic hs h rlsuft rlsu ft ig tbl iomidom iomidom pifdtdahf uoalrthdoty uoalrthdot y.

Do ^bl Hklrdahs, Hklrdah s, sigtlr adty-wdnl nlkhon rlsuftln do h fiwlr aiotrd`utdio grik ]hsbdomtio N.A. bitlf. Do 058>, tbl aiotrd`utdio grik khohmlklot kh ohmlklot hatdvdtdls doarlhsln `y \Q$8 \Q $8.4 4 kdffdio ig `rhondom glls rlaldvln grik tbl iomidom shfl sh fl ig ^bl Plsdnloals ht Khonhrdo Irdlothf  do  do @inruk.

058>   058> \Q$k  \Q$k 

\onlrfydom L@D^NH grik hssiadhtls

0581 \Q$k

18.<

17.4



1.8

Oio-trhndom dtlks:   ]rdtl`hac ig privdsdio hmhdost hsslt dkphdrklot L@D^NH grik hssiadhtls Nlprladhtdio hon hkirtdzhtdio Iplrhtdom prigdt

18.< (80.8 ) 

>5.5 (80.0)

84.>

0=.2

Flss: olt gdohoadom abhrmls

(1.< ) 

(1.< )

 

(1.7 ) 

(1.=)

thx

Qbhrl ig rlsufts ig hssiadhtls

80.1

Do ^bl Hklrdahs, H klrdahs, `itb tbl t bl Mriup—s Mriup—s 0, ho doarlhsl ig \Q$1 \Q $1 kdffdio kdff dio grik tbl \Q$8 058> ahfaufhtln ah faufhtln hs L@D^NH (doafundom tbl Mriup Mriup—s —s sbhrl ig L@D^NH grik hssiadhtls) ivlr olt ﬈ohoadom abhrmls (doafundom tbl Mriup—s Mriup—s sbhrl ig olt ﬈ohoadom ﬈oh oadom abhrmls grik hssiadhtls), whs wh s 85.> tdkls aikphrln wdtb 85.2 85.2 tdkls do 0581.

\onlr dovlstdom hatdvdtdls, ahpdthf lxplondturl l xplondturl io lxdstdom priplrtdls whs \Q$04 kdffdio kdf fdio do 058>, 058>, aikphrln ti \Q$17 kdffdio k dffdio do 0581. 0581.

^hx  ^bl thx th x abhrml gir 058> 058> ig \Q$84.5 \Q$84.5 kdffdio whs wh s sfdmbtfy fiwlr tbho tbh o \Q$84.2 \Q$84.2 kdffdio kdff dio do 0581. 0581. ^bl uonlrfydom lgglatdvl thx th x rhtl gir tbl ylhr whs 08%, 08%, uoabhomln grik g rik tbl prdir ylhr. Ahsb ffiw  ^bl Mriup—s Mriup—s aiosifdnhtln ahsb ffiws hrl h rl sukkhrdzln sukkhrdz ln hs giffiws: 058>   058> \Q$k  \Q$k 

    Iplrhtdom hatdvdtdls

875

0581 \Q$k 8



• Uurabhsl ig dothomd`fl hsslts

(1 ) 

(1 )

• Itblr

(8 ) 

(8 )

• Uhyklot gir Kuodab lxphosdio • Plphyklot ig fihos ti hssiadhtls

Gdohoadom hatdvdtdls: • Olt (rlphyklot)/nrhwniwo ig `irriwdoms

(04) 

844

• Ndvdnlons phdn

(=5) 

(=5 )

• Itblr

Olt doarlhsl/(nlarlhsl) do ahsb  

‑ 8<

1 (811 )

Ahsb hon ahsb lqudvhflots ht 8st Jhouhry Lgglat ig lxabhoml rhtl abhomls

Ahsb hon ahsb lqudvhflots ht 18st Nlalk`lr 

187 (= )  10>

> )

187

Do Khrab Kh rab 058>, 058>, tbl Mriup lotlrln doti ho hmrllklot ti lxphon tbl Kuodab bitlf tbriumb tbl t bl aiostruatdio ig h kdxln-usl aikpflx io ho hnjhalot sdtl tbht wdff doafunl olw bitlf riiks hon itblr ghadfdtdls lstdkhtln ti iplo do 0508. ^bl Mriup—s tithf dovlstklot do tbl prijlat, wbdab wdff hfsi h fsi doafunl h rlgur`dsbklot ig tbl lxdstdom bitlf— bitlf—ss =1 riiks, ds lstdkhtln lst dkhtln ht ₦80> kdffdio (\Q$8

     

0581

\Q$k

Ulr sbhrl sbhrl   \Q$  \Q$ 

\Q$k

Ulr sbhrl \Q$

451 \Q$> 51 kdffdio ht 18st Nlalk`lr 058> 058> whs >0% > 0% ig sbhrlbifnlrs— guons, aikphrln wdtb aiosifdnhtln olt nl`t ig \Q$>=4 kdffdio ht 18st Nlalk`lr 0581  wbdab whs >2% ig ig sbhrlbifnlrs— sbhrlbifnlrs— guons. ^hcdom ^hcdom doti haaiuot tbl ghdr gh dr khrclt vhful vh ful ig tbl Mriup—s Mriup—s dotlrlsts do grllbifn hon flhslbifn fhon, mlhrdom whs 81% ig hnjustln sbhrlbifnlrs— guons gu ons ht 18 18st st Nlalk`lr 058 0 58>, >, aikphrln wdtb 87% ht 18st Nlalk`lr 0581.

Olt hsslts/ (fdh`dfdtdls) \Q$k (8> )

Hnjustln Hnjustl n olt hsslts* % (8 )

\Q$k 8,=5>

%

Luri

02=

15

141

80

\odtln Qthtls niffhr

100

1>

1=8

80

\odtln Cdomnik stlrfdom

805

81

05<

=

Qdomhpirl niffhr

>2

<

821

7

^bhd `hbt

02

1

4<

1

888

88

888

1



<

45

1

4.7 kdffdio (0581: \Q$18 (0581: \Q $187.> 7.> kdffdio) wbdab, hgtlr h gtlr tbl nlnuatdio ig \Q$5.1 kdffdio kdf fdio (0581: (0581: \Q$5.= \Q$ 5.= kdffdio) ig `hoc ivlrnrhgt ivlrnrhg t ghadfdtdls, ds sbiwo do tbl t bl Mriup—s Mriup—s aiosifdnhtln ahsb ffiw hs ahsb hon ahsb lqudvhflots ig \Q$10>.1 \Q$ 10>.1 kdffdio (0581: \Q$18 \Q$ 18 Oio-trhndom dtlks \Q$k

7=4.4



7=4.4

772.7



772.7

Aist ig shfls

(>85.5)) (>85.5



(>85.5))  (>85.5

(>52.>)



(>52.>)

Mriss prigdt

074.4



074.4

075.0



075.0

(>>.=)) (>>.=



(>>.=))  (>>.=

(>.>)) (85>.>



(85>.>))  (85>.>

(851.0) (851.0)



(851.0)

805.2



805.2

888.2



888.2

(84.4)) (84.4



(84.4))  (84.4

(8=.   058> \Q$k  \Q$k 

0581 \Q$k

Olt hsslts Dothomd`fl hsslts

2

>0.7

^homd`fl hsslts

4

8,18>5.<

858.7

885.2

85.<

4.1

Hssiadhtls

85   85

Itblr dovlstklots Fihos rlaldvh`fl

88





Ulosdio hsslts

80

=.1

8>.>

Nlglrrln thx hsslts

81

0.0

1.8

8,>20.1

8,705.=

.<

=1.=

8.1

8.5

10>.7

187.>

>07.1

14=.7

Oio-aurrlot hsslts Qtiacs Nl`tirs hon prlphyklots

8>

Aurrlot thx hsslts Ahsb ht `hoc

8<

Aurrlot hsslts Arlndtirs hon haaruhfs

87

(8>>.7))  (8>>.7

(8>=.5)

Aurrlot `irriwdoms

8=

(08=.5))  (08=.5

(

(8=.4)

^hx phdn

(08.>))  (08.>

(82.7)

  Ndvdnlons hon dotlrlst grik hssiadhtls

Ahsb gfiws grik iplrhtdom hatdvdtdls  

8>7.1

8>1.4

81.0

81.5

8

(1a

Qhfl ig thomd`fl hsslts

Ahsb gfiws grik dovlstdom hatdvdtdls 

‑ (128.=) (8.2)

>.1



5.1



(>00.1)

Gdohoadom hatdvdtdls ‑

0.2

Nrhwniwo ig `irriwdoms

.1

> (>.1) 18

Urdoadphf Haaiuotdom Uifdadls

H @hsds ig prlphrhtdio ^bl ﬈ohoadhf sthtlklots bhvl `llo prlphrln do haairnhoal wdtb Dotlrohtdiohf Gdohoadhf Plpirtdom Qthonhrns, doafundom Dotlrohtdiohf Haaiuotdom Qthonhrns hon Dotlrprlthtdios hniptln `y tbl Dotlrohtdiohf Haaiuotdom Qthonhrns @ihrn. ^bl ﬈ohoadhf sthtlklots bhvl `llo prlphrln io h midom aioalro `hsds hon uonlr tbl bdstirdahf aist aiovlotdio lxalpt hs ndsafisln do tbl haaiuotdom pifdadls `lfiw `lfiw..

 Hklonklots  Hklonkl ots hon hon dotlrprlthtdio dotlrprlthtdio lgglatdvl do 058> 058> wbdab wbdab hrl hrl rlflvhot rlflvhot ti tbl Mriup Mriup—s —s iplrhtdios:  Hklonklots ti DHQ 10  Hklonklots ti DHQ 17  Hklonklots ti DHQ 14 DGPDA 08

Iggslttdom Gdohoadhf Gdohoadhf Hsslts Hsslts hon Gdohoadhf Fdh`dfdtdls Plaivlrh`fl Hkiuot Ndsafisurls Ndsafisurls gir Oio-G Oio-Gdohoadhf dohoadhf Hsslts Hsslts Oivhtdio Oivhtdi o ig Nlrdvhtdvls hon Aiotdouhtdio Aiotdouhtdio ig Blnml Haaiuotdom  Haaiuotdom  Flvdls

^bl hniptdio ig tblsl hklonklots hon dotlrprlthtdio nils oit bhvl h khtlrdhf dkphat io tbl Mriup—s Mriup—s haaiuotdom pifdadls hon ndsafisurls.  Hklonklots ti DHQ 10 ‒Iggslttdom Gdohoadhf Gdohoadhf Hsslts Hsslts hon Gdohoadhf Fdh`dfdtdls Fdh`dfdtdls—— hrl khnl ti tbl hppfdahtdio mudnhoal do DHQ 10 hon afhrdgy sikl ig tbl rlqudrlklots gir iggslttdom ﬈ohoadhf hsslts hon ﬈ohoadhf fdh`dfdtdls io tbl `hfhoal sbllt. Qplad﬈ahffy, Qplad﬈ahffy, tbl hklonklots afhrdgy tbl klhodom ig ‒aurrlotfy bhs h flmhffy logiralh`fl rdmbt ig iggslt— hon ‒sdkuftholius ‒sdkuf tholius rlhfdzhtdio hon slttflklot—.  Hklonklots ti DHQ 17 ‒Plaivlrh`fl Hkiuot Ndsafisurls Ndsafisurls gir Oio-G Oio-Gdohoadhf dohoadhf Hsslts— Hsslts— slt iut tbl abhomls ti tbl ndsafisurls wblo rlaivlrh`fl hkiuot ds nltlrkdoln `hsln io ghdr vhful flss aists ig ndspishf. ^bl cly hklonklots hrl (h) ti rlkivl tbl rlqudrlklot ti ndsafisl rlaivlrh`fl hkiuot wblo h ahsb a hsb mlolrhtdom uodt (AM\) aiothdos miinwdff ir donl﬈odtl fdvln dothomd`fl hsslts `ut tblrl bhs `llo oi dkphdrklot, (`) ti rlqudrl ndsafisurl ig tbl rlaivlrh`fl hkiuot ig ho hsslt ir AM\ wblo ho dkphdrklot fiss bhs `llo rlaimodzln ir rlvlrsln, hon (a) ti rlqudrl nlthdfln ndsafisurl ig biw tbl ghdr vhful flss aists ig ndspishf bhs `llo klhsurln wblo ho dkphdrklot fiss bhs `llo rlaimodzln ir rlvlrsln.  Hklonklots ti DHQ 14 ‒Oivh ‒Oivhtdio tdio ig Nlrdvhtdvls hon Aiotdouhtdio Aiotdouhtdio ig Blnml Haaiuotdom— Haaiuotdom— privdnl privdnl rlfdlg rlfdlg grik ndsaiotdoudom blnml haaiuotdom wblo oivhtdio ig h blnmdom dostruklot ti h alotrhf aiuotlrphrty kllts splad﬈ln ardtlrdh. DGPDA 08 ‒Flvdls— slts iut tbl haaiuotdom gir ho i`fdmhtdio ti phy h flvy tbht ds oit doaikl thx. ^bl dotlrprlthtdio afhrd﬈ls tbht tbl i`fdmhtdom lvlot tbht mdvls rdsl ti h fdh`dfdty ti phy h flvy ds tbl hatdvdty nlsard`ln do tbl rlflvhot flmdsfhtdio tbht trdmmlrs tbl phyklot ig tbl flvy.

11

 

1>

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Urdoadphf Haaiuotdom Uifdadls Aiotdouln 

H @hsds ig prlphrhtdio

aiotdouln 

^bl giffiwdom sthonhrns hon hklonklots wbdab hrl lgglatdvl hgtlr 058>, hrl rlflvhot ti tbl Mriup Mriup——s iplrhtdios hon ylt ti `l hniptln:    

DGPQ 4 DGPQ 8<  Hklonklots ti DHQ 8  Hklonklots ti DGPQ 85 hon DHQ 02  Hklonklots ti DGPQ 88  Hklonklots ti DHQ 87 hon DHQ 12  Hklonklots ti DHQ 84  Hoouhf Dkprivlklots Dkprivlklots ti DGPQs    

Lgglatdvl gir haaiuotdom  plrdins `lmdoodom io ir hgtlr Gdohoadhf Dostruklots Plvloul grik Aiotrhats wdtb Austiklrs Urlslothtdio ig Gdohoadhf Gdohoadhf Qthtlklots Qthtlklots Qhfl ir Aiotrd`utdio ig Hsslts `ltwllo ho Dovlstir hon dts Hssiadhtl ir Jidot Wloturl Haaiuotdom gir Haqudsdtdios ig Dotlrlsts do Jidot Iplrhtdios Afhrd﬈ahtdio ig Haalpth`fl Kltbins ig Nlprladhtdio hon Hkirtdzhtdio Nl﬈oln @lol﬈t @lol﬈t Ufhos: Lkpfiyll Aiotrd`utdios 0585 ‑ 0580 Ayafl Ayafl 0588 ‑ 0581 Ayafl 0580 ‑ 058> Ayafl

8st Jhouhry 0582 8st Jhouhry 058= 8st Jhouhry Jhouhry 0587 8st Jhouhry Jhouhry 0587 8st Jhouhry Jhouhry 0587 8st Jhouhry Jhouhry 0587 8st Jufy Jufy 058> 8st Jufy Jufy 058> 8st Jufy 058> 8st Jhouhry 0587

^bl Mriup ds aurrlotfy hsslssdom tbl dkphat ig tblsl olw sthonhrns hon hklonklots. ^bl Mriup wdff hnipt tblsl olw sthonhrns hon hklonklots grik tbldr rlsplatdvl lgglatdvl nhtls.  H aikpfltl slt ig DGPQ 4 ‒Gdohoadhf Dostruklots Dostruklots—— bhs `llo pu`fdsbln wbdab rlpfhals DHQ 14 ‒Gdohoadhf Dostruklots: Plaimodtdio hon Klhsurlklot—. ^bds aikpfltl vlrsdio doafunls olw mudnhoal io tbl afhssd﬈ahtdio hon klhsurlklot ig ﬈ohoadhf hsslts hon fdh`dfdtdls. Dt hfsi doafunls ho lxplatln arlndt fissls kinlf tbht rlpfhals tbl doaurrln fiss dkphdrklot kinlf usln tinhy. H su`sthotdhffy-rlgirkln hpprihab hpprihab ti blnmdom haaiuotdom haa iuotdom ds hfsi dotrinualn. ^blrl hrl tbrll ahtlmirdls gir ﬈ohoadhf hsslts uonlr DGPQ 4: hkirtdzln aist, ghdr vhful tbriumb itblr aikprlblosdvl doaikl hon ghdr vhful tbriumb pri﬈t ir fiss. ^bl klhsurlklot prdoadpfls ig lhab ahtlmiry hrl sdkdfhr ti tbl aurrlot rlqudrlklots uonlr DHQ 14. ^bl `hsds ig afhssd﬈ahtdio nlplons io tbl t bl lotdty—s lotdty—s `usdolss kinlf hon tbl aiotrhatuhf aiotrhat uhf ahsb ffiw abhrhatlrdstdas ig tbl ﬈ohoadhf hsslt. Afhssd﬈ahtdio nltlrkdols biw ﬈ohoadhf hsslts hon ﬈ohoadhf fdh`dfdtdls hrl haaiuotln gir do ﬈ohoadhf sthtlklots hon, do phrtdaufhr, biw tbly hrl klhsurln io ho iomidom `hsds. DGPQ 4 dotrinuals h olw lxplatln-fiss dkphdrklot kinlf wbdab rlpfhals tbl ‒doaurrln fiss— kinlf do DHQ 14. H fiss lvlot wdff oi fiomlr olln ti iaaur `lgirl ho dkphdrklot hffiwhoal ds rlaimodzln. Do prhatdal, tbl olw rufls klho tbht lotdtdls wdff bhvl ti rlairn h nhy iol fiss lquhf ti tbl 80-kiotb lxplatln arlndt fiss io dodtdhf rlaimodtdio ig ﬈ohoadhf hsslts tbht hrl oit arlndt dkphdrln (ir fdgltdkl lxplatln arlndt fiss gir trhnl rlaldvh`fls). DGPQ 4 aiothdos h ‒tbrll sthml— sthml— hpprihab wbdab ds `hsln io tbl t bl abhoml do arlndt quhfdty ig ﬈ohoadhf hsslts sdoal dodtdhf rlaimodtdio. Hsslts kivl tbriumb tbl tbrll sthmls hs arlndt quhfdty abhomls hon tbl sthmls ndathtl biw ho lotdty klhsurls dkphdrklot fissls hon hppfdls tbl lgglatdvl dotlrlst rhtl kltbin.  ]blrl tblrl bhs `llo h sdmod﬈ahot sdmod﬈ahot doarlhsl do arlndt rdsc, dkphdrklot dkphdrklot ds klhsurln usdom usdom fdgltdkl fdgltdkl lxplatln arlndt fiss rhtblr tbho 80-kiotb lxplatln arlndt fiss. ^bl kinlf hfsi hppfdls ti alrthdo alr thdo fiho aikkdtklots hon ﬈ohoadhf muhrhotlls, hon doafunls iplrhtdiohf sdkpfd﬈ahtdios gir flhsl hon trhnl rlaldvh`fls.

 

Hoouhf Plpirt 058>

H @hsds ig prlphrhtdio

aiotdouln 

DGPQ 4 dotrinuals h su`sthotdhffy-rlgirkln kinlf gir blnml haaiuotdom tbht hfdmos tbl haaiuotdom trlhtklot wdtb rdsc khohmlklot hatdvdtdls, loh`fdom lotdtdls ti `lttlr rlfflat do tbldr ﬈ohoadhf sthtlklots biw tbly khohml rdscs hssiadhtln  wdtb ﬈ohoadhf dostruklots. Hnndtdiohf Hnndtdiohf ndsafisurls ndsafisurls h`iut h`iut rdsc khohmlklot hatdvdty hatdvdty hon tbl lgglat ig blnml haaiuotdom io tbl ﬈ohoadhf sthtlklots hrl rlqudrln. DGPQ 8< ‒Plvloul grik Aiotrhats wdtb Austiklrs Austiklrs—— ds h olw sthonhrn wbdab aiothdos h sdomfl kinlf tbht hppfdls ti aiotrhats wdtb austiklrs hon twi hpprihabls ti rlaimodzdom rlvloul, tbht ds ht h pidot do tdkl ir ivlr tdkl. fGPQ 8< rlpfhals DHQ 88 ‒Aiostruatdio Aiotrhats—, DHQ 82 ‒Plvloul—, DGPDA 81 ‒Austiklr Fiyhfty Urimrhkkls—, Urimrhkkls—, DGPDA 8< ‒Hmrllklots gir tbl Aiostruatdio ig Plhf Lsthtl—, DGPDA 82 ‒^ ‒ ^rhosglrs ig Hsslts grik Austiklrs— hon QDA-18 ‒Plvloul ‑ @hrtlr ^rhoshatdios ^rhoshatdios Dovifvdom Hnvlrtdsdom Qlrvdals—. ^bl airl prdoadpfl ig DGPQ 8< ds gir aikphodls ti rlaimodzl rlvloul ti nlpdat tbl trhosglr ig miins ir slrvdals slr vdals ti austiklrs do hkiuots tbht rlfflat tbl aiosdnlrhtdio (tbht ds, phyklot) ti wbdab tbl aikphoy lxplats ti `l lotdtfln do lxabhoml gir tbisl miins ir slrvdals. ^bl olw sthonhrn wdff hfsi rlsuft do olw ndsafisurl rlqudrlklots io rlvloul, privdnl mudnhoal gir trhoshatdios tbht wlrl oit prlvdiusfy hnnrlssln aikprlblosdvlfy aikprlblosdvlfy (gir lxhkpfl, slrvdal slr vdal rlvloul hon aiotrhat kind﬈ahtdios) hon dkprivl mudnhoal gir kuftdpfl-lflklot hrrhomlklots.  Hklonklots ti DHQ 8 ‒Urlslothtdio ig Gdohoadhf Gdohoadhf Qthtlklots— Qthtlklots— hrl phrt ig tbl Dotlrohtdiohf Haaiuotdom Qthonhrns Qthonhrns @ihrn—ss dodtdhtdvls ti dkprivl tbl lgglatdvlolss ig ndsafisurl do ﬈ohoadhf rlpirtdom. Hklonklots ti DHQ 8 afhrdgy @ihrn— tbht aikphodls sbhff hppfy priglssdiohf junmlklots do nltlrkdodom wbht dogirkhtdio ti ndsafisl hon biw ti struaturl dt do tbl ﬈ohoadhf sthtlklots. ^bl hklonklots doafunl ohrriw-giaus dkprivlklots do tbl mudnhoal io khtlrdhfdty, khtlrdhfdty, ndshmmrlmhtdio hon su`tithfs, oitl struaturl, ndsafisurl ig haaiuotdom pifdadls hon prlslothtdio ig dtlks ig itblr aikprlblosdvl doaikl hrdsdom grik lqudty haaiuotln dovlstklots.  Hklonklots ti DGPQ 85 ‒Aiosifdnhtln Gdohoadhf Qthtlklots— hon DHQ 02 ‒Dovlstklots ‒Dovlstklots do Hssiadhtls hon Jidot Wloturls— afhrdgy tbl haaiuotdom trlhtklot gir shfls ir aiotrd`utdio ig hsslts `ltwllo `lt wllo ho dovlstir hon dts hssiadhtls ir jidot vloturls. ^bl haaiuotdom trlhtklot nlplons io wbltblr tbl oio-kiolthry hsslts sifn ir aiotrd`utln ti ho hssiadhtl ir jidot vloturl aiostdtutl a iostdtutl h ‒`usdolss—. Guff mhdo ir fiss wdff `l rlaimodzln `y tbl dovlstir wblrl tbl oio-kiolthry hsslts aiostdtutl h ‒`usdolss—. Dg tbl hsslts ni oit kllt tbl nl﬈odtdio ig h `usdolss, tbl mhdo ir fiss ds rlaimodzln `y tbl dovlstir ti tbl lxtlot ig tbl itblr dovlstirs— dotlrlsts. dotlrlsts.  Hklonklots ti DGPQ 88 ‒Jidot Hrrhomlklots— Hrrhomlklots— dotrinual olw mudnhoal io tbl haaiuotdom gir tbl haqudsdtdio ig ho dotlrlst do h jidot iplrhtdio tbht t bht aiostdtutls h `usdolss. Haqudrlrs ig suab dotlrlsts sbhff hppfy hff ig tbl prdoadpfls io `usdolss aik`dohtdios haaiuotdom do DGPQ 1 ‒@usdolss Aik`dohtdios—, hon itblr DGPQs, tbht ni oit aioffdat wdtb tbl mudnhoal do DGPQ 88 hon ndsafisl tbl dogirkhtdio tbht ds rlqudrln do tbisl DGPQs do rlfhtdio ti `usdolss aik`dohtdios.  Hklonklots ti DHQ 87 ‒Uriplrty ‒Uriplrty,, Ufhot hon Lqudpklot— Lqudpklot— hon DHQ 12 ‒Dothomd`fl Hsslts— afhrdgy tbht tbl usl ig rlvloul-`hsln kltbins ti ahfaufhtl tbl nlprladhtdio ir hkirtdzhtdio ig ho hsslt ds oit hppriprdhtl `lahusl rlvloul mlolrhtln `y ho hatdvdty tbht doafunls tbl usl ig ho hsslt mlolrhffy rlfflats ghatirs itblr tbho tbl aiosukptdio ig tbl laioikda `lol﬈ts lk`indln do tbl hsslt. ^bl hklonklots ti DHQ 12 gurtblr afhrdgy tbht rlvloul ds mlolrhffy prlsukln ti `l ho dohppriprdhtl `hsds gir klhsurdom tbl aiosukptdio ig tbl laioikda `lol﬈ts lk`indln do ho dothomd`fl hsslt. ^bds prlsukptdio biwlvlr, biwlvlr, aho `l rl`uttln do alrthdo fdkdtln adrauksthoals.  Hklonklots ti DHQ 84 ‒Lkpfiyll @lol﬈ts— rlmhrndom nl﬈oln `lol﬈t pfhos hppfy hppfy ti aiotrd`utdios grik grik lkpfiylls lkpfiylls ir tbdrn phrtdls ti nl﬈oln `lol﬈t pfhos. ^bl i`jlatdvl ig tbl hklonklots ds ti sdkpfdgy tbl haaiuotdom gir aiotrd`utdios tbht hrl donlplonlot ig tbl ouk`lr ig ylhrs ig lkpfiyll slrvdal, gir lxhkpfl, lkpfiyll aiotrd`utdios tbht hrl ahfaufhtln haairndom ti h ﬈xln plralothml ig shfhry shfhry..

1<

 

17

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Urdoadphf Haaiuotdom Uifdadls Aiotdouln 

H @hsds ig prlphrhtdio

aiotdouln 

 Hoouhf Dkprivlklots Dkprivlklots ti DGPQs 0585 ‑ 0580 Ayafl, Ayafl, 0588 ‑ 0581 Ayafl hon hon 0580 ‑ 058> Ayafl aikprdsl h ouk`lr ig oio-urmlot `ut olalsshry hklonklots. Oiol ig tblsl hklonklots ds fdclfy ti bhvl h sdmod﬈ahot dkphat io tbl aiosifdnhtln ﬈ohoadhf sthtlklots ig tbl Mriup. ^bl prdoadphf iplrhtdom su`sdndhrdls, hssiadhtls hon jidot vloturls bhvl ndgglrlot guoatdiohf aurrloadls do fdol wdtb tbl laioikda lovdrioklots ig tbl fiahtdios do wbdab tbly iplrhtl. ^bl guoatdiohf aurrloay ig tbl Aikphoy ds \odtln Qthtls niffhrs. ^bl aiosifdnhtln ﬈ohoadhf sthtlklots hrl prlslotln do \odtln Qthtls niffhrs. ^bl Mriup—s Mriup—s rlpirth`fl slmklots hrl slt iut do oitl 8. oitl 8.

@ @hsds ig aiosifdnhtdio ﬈ohoadhf sthtlklots doafunl tbl ﬈ohoadhf sthtlklots ig tbl Aikphoy, Aikphoy, dts su`sdndhrdls, su`sdndhrdls, hon tbl d)  ^bl aiosifdnhtln ﬈ohoadhf Mriup—s dotlrlsts do hssiadhtls hon jidot vloturls. Mriup bhs aiotrif. ^bl Mriup aiotrifs ho lotdty wblo tbl Mriup Mriup ds dd)  H su`sdndhry ds ho lotdty ivlr wbdab tbl Mriup lxpisln ti, ir bhs rdmbts ti, vhrdh`fl rlturos grik dts dovifvlklot wdtb tbl lotdty hon bhs tbl h`dfdty ti hgglat tbisl rlturos tbriumb dts piwlr ivlr tbl lotdty lotdty..  

^bl purabhsl kltbin ig haaiuotdom ds usln ti haaiuot gir tbl haqudsdtdio ig su`sdndhrdls su`sdndhrdls `y tbl Mriup. Mriup. ^bl aist ig ho haqudsdtdio doafunl tbl ghdr vhful ht tbl haqudsdtdio nhtl ig hoy aiotdomlot aiosdnlrhtdio. ^bl Mriup rlaimodzls tbl oio-aiotriffdom dotlrlst—s pripirtdiohtl sbhrl ig tbl rlaimodzln dnlotd﬈h`fl olt hsslts ig tbl haqudrln su`sdndhry. su`sdndhry. Do h `usdolss aik`dohtdio habdlvln do sthmls, tbl Mriup rlklhsurls dts prlvdiusfy blfn dotlrlst do tbl haqudrll ht dts haqudsdtdio-nhtl ghdr vhful hon rlaimodzln tbl rlsuftdom mhdo ir fiss do pri﬈t hon fiss. Abhomls do h phrlot—s iwolrsbdp dotlrlst do h su`sdndhry tbht ni oit rlsuft do tbl fiss ig aiotrif hrl haaiuotln gir hs lqudty trhoshatdios. tr hoshatdios.  ]blo aiotrif ivlr h prlvdius su`sdndhry ds fist, hoy rlkhdodom dotlrlst do tbl lotdty ds rlklhsurln rlklhsurln ht ghdr vhful hon tbl rlsuftdom mhdo ir fiss ds rlaimodzln do pri﬈t hon fiss.

 

Hff khtlrdhf dotlraikphoy trhoshatdios, `hfhoals hon uorlhfdzln surpfusls hon nl﬈adts io trhoshatdios trhoshatdios `ltwllo Mriup aikphodls bhvl `llo lfdkdohtln. ^bl aist ig hon rlfhtln doaikl hrdsdom grik sbhrls blfn do tbl Aikphoy `y su`sdndhrdls hrl lfdkdohtln grik sbhrlbifnlrs sbhrlbifnlrs—— guons hon oio-aiotriffdom dotlrlsts, hon pri﬈t, rlsplatdvlfy rlsplatdvlfy..

ddd) Ho hssiadhtl ds ho lotdty, oit `ldom h su`sdndhry ir jidot vloturl, ivlr wbdab tbl Mriup lxlradsls sdmod﬈ahot

doffuloal. H jidot vloturl ds h typl ig jidot hrrhomlklot wblrl`y tbl phrtdls tbht bhvl jidot aiotrif ig tbl hrrhomlklot bhvl rdmbts ti tbl olt hsslts ig tbl jidot vloturl. Jidot aiotrif ds tbl aiotrhatuhffy hmrlln sbhrdom ig aiotrif ig ho hrrhomlklot, wbdab lxdsts iofy wblo nladsdios h`iut tbl rlflvhot hatdvdtdls rlqudrl uohodkius aioslot ig tbl phrtdls sbhrdom aiotrif.  

Hssiadhtls hon jidot vloturls hrl doafunln io tbl lqudty lqudty `hsds ig haaiuotdom.

 

Uri﬈ts hon fissls fissls rlsuftdom rlsuftdom grik grik upstrlhk upstrlhk hon niwostrlhk trhoshatdios `ltwllo tbl Mriup hon dts dts hssiadhtls hssiadhtls hon  jidot vloturls hrl rlaimodzln rlaimodzln do tbl aiosifdnhtln ﬈ohoadhf sthtlklots sthtlklots iofy ti tbl lxtlot lxtlot ig uorlfhtln dovlstir— dovlstir—ss dotlrlsts do tbl hssiadhtls hon jidot vloturls.

dotlrlsts rlprlslot tbl pripirtdio ig tbl rlsufts hon olt hsslts ig su`sdndhrdls hon tbldr hssiadhtls dv)  Oio-aiotriffdom dotlrlsts hon jidot vloturls oit httrd`uth`fl ti tbl Mriup. su`sdndhrdls, hssiadhtls hon jidot vloturls vloturls hrl doafunln ir lxafunln grik tbldr lgglatdvl nhtls ig v)  ^bl rlsufts ig su`sdndhrdls, haqudsdtdio ir ndspishf, rlsplatdvlfy. rlsplatdvlfy. ^bl rlsufts ig lotdtdls itblr tbho t bho su`sdndhrdls, hssiadhtls hon jidot vloturls hrl doafunln ti tbl lxtlot ig ndvdnlons rlaldvln wblo tbl rdmbt ti rlaldvl suab ndvdnlon ds lsth`fdsbln.

 

Hoouhf Plpirt 058>

A Girldmo aurrloadls ^rhoshatdios do girldmo aurrloadls hrl haaiuotln gir ht tbl lxabhoml rhtls rufdom ht tbl trhoshatdio t rhoshatdio nhtls.  Hsslts hon fdh`dfdtdls ig su`sdndhrdls, su`sdndhrdls, hssiadhtls hssiadhtls hon jidot vloturls, vloturls, timltblr wdtb hff itblr kiolthry hsslts hsslts hon fdh`dfdtdls lxprlssln do girldmo aurrloadls, hrl trhosfhtln doti \odtln Qthtls niffhrs ht tbl rhtls ig lxabhoml rufdom ht tbl ylhr lon. Plsufts lxprlssln do girldmo aurrloadls hrl trhosfhtln doti \odtln Qthtls niffhrs ht tbl hvlrhml rhtls ig lxabhoml rufdom nurdom tbl ylhr, wbdab hpprixdkhtl tbl lxabhoml rhtls ht tbl nhtls ig tbl trhoshatdios. Lxabhoml ndgglrloals hrdsdom grik tbl rltrhosfhtdio ig tbl olt dovlstklot do girldmo su`sdndhrdls, hssiadhtls hon jidot vloturls, hon ig ﬈ohoadhf dostruklots wbdab hrl nlsdmohtln hs blnmls ig suab dovlstklots, hrl rlaimodzln do itblr aikprlblosdvl doaikl hon haaukufhtln do lqudty uonlr lxabhoml rlslrvls. Io tbl ndspishf ig tblsl dovlstklots, suab lxabhoml ndgglrloals hrl rlaimodzln do pri﬈t hon fiss. Lxabhoml ndgglrloals io hvhdfh`fl-gir-shfl dovlstklots hrl rlaimodzln do itblr aikprlblosdvl doaikl hs phrt ig tbl mhdos hon fissls hrdsdom grik abhomls do tbldr ghdr vhful. Lxabhoml ndgglrloals rlfhtdom ti abhomls do tbl hkirtdzln aist ig kiolthry slaurdtdls afhssd﬈ln hs hvhdfh`fl-gir-shfl hon hff itblr lxabhoml ndgglrloals hrl rlaimodzln do pri﬈t hon fiss. Miinwdff hon ghdr vhful hnjustklots hrdsdom io haqudsdtdio ig h girldmo lotdty hgtlr 8st Jhouhry 0551 hrl trlhtln hs hsslts hon fdh`dfdtdls ig tbl girldmo lotdty hon trhosfhtln doti \odtln Qthtls niffhrs ht tbl rhtl ig lxabhoml rufdom ht tbl ylhr lon.

N Dkphdrklot ig oio-﬈ohoadhf hsslts  Hsslts tbht bhvl donl﬈odtl donl﬈odtl uslguf fdvls hrl hrl oit su`jlat ti hkirtdzhtdio hon hon hrl tlstln gir dkphdrklot hoouhffy hon  wblolvlr tblrl ds ho dondahtdio tbht tbl hsslts khy `l dkphdrln. Hsslts tbht hrl su`jlat ti hkirtdzhtdio hrl rlvdlwln gir dkphdrklot wblolvlr lvlots ir abhomls do adrauksthoals dondahtl tbht tbl ahrrydom hkiuot khy oit `l rlaivlrh`fl. Gir tbl purpisl ig hsslssdom dkphdrklot, hsslts hrl mriupln ht tbl fiwlst flvlf gir wbdab tblrl ds slphrhtlfy dnlotd﬈h`fl ahsb ffiws. Ahsb-mlolrhtdom uodts ir mriups ig ahsb-mlolrhtdom uodts ti wbdab miinwdff bhs `llo hffiahtln hrl tlstln gir dkphdrklot hoouhffy hon wblolvlr tblrl ds ho dondahtdio tbht tbl uodts khy `l dkphdrln. Ho dkphdrklot fiss ds rlaimodzln gir tbl hkiuot `y wbdab tbl ahrrydom hkiuot ig tbl hsslt lxallns dts rlaivlrh`fl hkiuot, wbdab ds tbl bdmblr ig ho hsslt—s ghdr vhful flss aists ti slff hon vhful do usl. Oio-﬈ohoadhf hsslts itblr tbho miinwdff tbht sugglrln ho dkphdrklot hrl rlvdlwln gir pissd`fl rlvlrshf ig tbl dkphdrklot hoouhffy.

L Dothomd`fl hsslts rlprlslots tbl lxalss ig tbl suk ig tbl aiosdnlrhtdio aiosdnlrhtdio trhosglrrln, tbl hkiuot hkiuot ig hoy oio-aiotriffdom oio-aiotriffdom d)  Miinwdff rlprlslots dotlrlsts do tbl haqudrll, hon tbl haqudsdtdio-nhtl ghdr vhful ig hoy prlvdiusfy blfn lqudty dotlrlst do tbl haqudrll ivlr tbl haqudsdtdio-nhtl ghdr vhful ig tbl Mriup Mriup——s sbhrl ig tbl olt dnlotd﬈h`fl hsslts haqudrln. Oio-aiotriffdom dotlrlsts hrl klhsurln ht tbldr pripirtdiohtl sbhrl ig tbl olt dnlotd﬈h`fl hsslts ht tbl haqudsdtdio nhtl. Dg tbl aist ig haqudsdtdio ds flss tbho tbl ghdr vhful ig tbl olt hsslts haqudrln, tbl ndgglrloal ds rlaimodzln ndrlatfy do pri﬈t hon fiss. Miinwdff io haqudsdtdios ig su`sdndhrdls ds doafunln do dothomd`fl hsslts. Miinwdff io haqudsdtdios ig hssiadhtls hon jidot vloturls ds doafunln do dovlstklot do hssiadhtls hon jidot vloturls. Miinwdff ds hffiahtln ti ahsb-mlolrhtdom uodts ir mriups ig ahsb-mlolrhtdom uodts gir tbl purpisl ig dkphdrklot tlstdom hon ds ahrrdln ht aist flss haaukufhtln dkphdrklot fiss.  

^bl pri﬈t ir fiss io ndspishf ndspishf ig su`sdndhrdls, su`sdndhrdls, hssiadhtls hon jidot jidot vloturls ds sthtln sthtln hgtlr nlnuatdom tbl ahrrydom hkiuot ig miinwdff rlfhtdom ti tbl lotdty sifn.

1=

 

12

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Urdoadphf Haaiuotdom Uifdadls Aiotdouln 

L Dothomd`fl hsslts

aiotdouln 

priplrty. ^blsl phyklots hrl dd)  Flhslbifn fhon rlprlslots phyklots ti tbdrn phrtdls ti haqudrl sbirt-tlrk dotlrlsts do priplrty. sthtln ht aist hon hrl hkirtdzln ivlr tbl uslguf fdgl ig tbl flhsl wbdab doafunls tbl rlolwhf plrdin dg tbl flhsl aho `l rlolwln `y tbl Mriup wdtbiut sdmod﬈ahot aist. ddd) Aikputlr sigtwhrl rlprlslots haqudrln aikputlr sigtwhrl fdaloals wbdab hrl ahpdthfdzln io tbl `hsds ig tbl aists doaurrln ti haqudrl hon `rdom ti usl tbl splad﬈a sigtwhrl hon hrl sthtln ht aist flss haaukufhtln hkirtdzhtdio.  Hkirtdzhtdio ds ahfaufhtln io tbl strhdmbt fdol `hsds ti hffiahtl tbl aist ivlr tbldr lstdkhtln uslguf uslguf fdvls. dv)  Nlvlfipklot aists ndrlatfy httrd`uth`fl ti bitlf prijlats uonlr nlvlfipklot, doafundom `irriwdom aists, wbdab

hrl ahpdthfdzln ti tbl lxtlot tbht suab lxplondturl ds lxplatln ti mlolrhtl guturl laioikda `lol﬈ts hon upio aikpfltdio ig tbl prijlat hrl doafunln do oio-aurrlot hsslts. Ahpdthfdzln nlvlfipklot aists hrl hkirtdzln ivlr tbl tlrk ig tbl khohmlklot aiotrhats.

G ^homd`fl ﬈xln hsslts hon nlprladhtdio Grllbifn fhon hon `udfndoms, hon tbl `udfndom aikpiolot ig iwolr-iaaupdln flhslbifn priplrtdls hrl sthtln ht aist flss hoy haaukufhtln nlprladhtdio hon dkphdrklot. Fiom-tlrk dotlrlsts do flhslbifn fhon hrl afhssd﬈ln hs ﬈ohoal flhsls hon mriupln uonlr thomd`fl hsslts dg su`sthotdhffy hff rdscs hon rlwhrns rlfhtdom ti tbl fhon bhvl `llo trhosglrrln ti tbl Mriup, hon hrl hkirtdzln ivlr tbl uslguf fdgl ig tbl flhsl. Mrhots rlfhtln ti thomd`fl t homd`fl hsslts hrl nlnuatln do hrrdvdom ht tbl ahrrydom hkiuot ig tbl hsslts. Itblr thomd`fl ﬈xln hsslts hrl sthtln ht aist flss hkiuots privdnln gir nlprladhtdio. Nlprladhtdio ig thomd`fl ﬈xln hsslts ds ahfaufhtln io tbl strhdmbt fdol `hsds ti hffiahtl tbl aist ir vhfuhtdio ig lhab hsslt ti dts rlsdnuhf vhful ivlr dts lstdkhtln uslguf fdgl. ^bl rlsdnuhf vhfuls hon uslguf fdvls hrl rlvdlwln ht lhab `hfhoal sbllt nhtl. ^bl lstdkhtln uslguf fdvls hrl hs giffiws: Grllbifn hon fiom flhslbifn `udfndoms Uriplrtdls io flhsls wdtb flss tbho 05 ylhrs Qurghals, ﬈odsbls hon slrvdals ig bitlf priplrtdls Flhslbifn dkprivlklots Flhslbifn fhon Ufhot hon khabdolry Gurodturl, lqudpklot hon kitir vlbdafls

08 ylhrs ti 8

B Dovlstklots khohmlklot hs hvhdfh`fl hvhdfh`fl gir shfl ir blfn ti khturdty io dodtdhf rlaimodtdio. d)  Dovlstklots hrl afhssd﬈ln `y khohmlklot  Hvhdfh`fl-gir-shfl  Hvhdfh`f l-gir-shfl dovlstklots dovlstklots hrl sbiwo ht ghdr vhful. Mhdos hon hon fissls hrdsdom grik abhomls do ghdr vhful hrl rlaimodzln do itblr aikprlblosdvl doaikl hon haaukufhtln do lqudty lqudty.. Io tbl ndspishf ig ho dovlstklot ir wblo ho dovlstklot ds nltlrkdoln ti `l dkphdrln, tbl aukufhtdvl mhdo ir fiss prlvdiusfy nlglrrln do lqudty ds rlaimodzln do pri﬈t hon fiss. Blfn-ti-khturdty dovlstklots hrl sbiwo ht hkirtdzln aist. Dovlstklots hrl afhssd﬈ln uonlr oio-aurrlot hsslts uoflss tbly hrl lxplatln ti `l rlhfdzln wdtbdo 80 kiotbs hgtlr tbl `hfhoal sbllt nhtl. hsslssls wbltblr tblrl ds i`jlatdvl lvdnloal tbht ho dovlstklot dovlstklot ds dkphdrln. dd)  Ht lhab `hfhoal sbllt nhtl, tbl Mriup hsslssls Do tbl ahsl ig lqudty slaurdtdls afhssd﬈ln hs hvhdfh`fl gir shfl, h sdmod﬈ahot ir prifiomln nlafdol do tbl ghdr vhful ig tbl slaurdty `lfiw dts aist ds aiosdnlrln hs ho dondahtir tbht t bht tbl slaurdtdls hrl dkphdrln hon hrl rlaimodzln do pri﬈t hon fiss. ddd) Hff purabhsls hon shfls ig dovlstklots hrl rlaimodzln io tbl trhnl nhtl, wbdab ds tbl nhtl tbht tbl Mriup aikkdts

ti purabhsl ir slff tbl dovlstklot.

D Flhsls Flhsls hrl afhssd﬈ln hs ﬈ohoal flhsls wblo tbl tlrks ig tbl flhsl trhosglr su`sthotdhffy hff tbl rdscs hon rlwhrns ig iwolrsbdp ti tbl flssll. Hff itblr flhsls hrl afhssd﬈ln hs iplrhtdom flhsls. flsslls uonlr ﬈ohoal flhsls flhsls hrl rlairnln rlairnln hs rlaldvh`fls ht tbl hkiuot ig tbl Mriup— Mriup—s olt d)  Hkiuot nul grik flsslls dovlstklot do tbl flhsls. Gdohoal flhsl doaikl ds hffiahtln ti haaiuotdom plrdins si hs ti t i rlfflat h aiosthot plrdinda rhtl ig rlturo io tbl Mriup—s Mriup—s olt dovlstklot iutsthondom do rlsplat ig tbl flhsls. hrl ahpdthfdzln ht tbl aikkloalklot ig tbl flhsl ht tbl fiwlr fiwlr ig tbl dd)  Ufhot hon khabdolry uonlr ﬈ohoal flhsls hrl ghdr vhful ig tbl flhsln hsslt hon tbl prlslot vhful ig tbl kdodkuk flhsl phyklots. Flhsl phyklots hrl hffiahtln `ltwllo tbl fdh`dfdty hon ﬈ohoal abhrmls si hs ti habdlvl h aiosthot rhtl io tbl t bl ﬈ohoal `hfhoal iutsthondom. ddd) Uhyklots khnl uonlr iplrhtdom flhsls (olt ig hoy doalotdvls rlaldvln grik tbl flssir) hrl abhrmln ti pri﬈t hon fiss

io h strhdmbt fdol `hsds ivlr tbl plrdin ig tbl flhsl. ]blo h flhsl ds tlrkdohtln `lgirl tbl flhsl plrdin bhs lxpdrln, hoy phyklot rlqudrln ti `l khnl ti tbl flssir `y why ig plohfty ds rlaimodzln hs ho lxplosl do tbl ylhr do wbdab tlrkdohtdio thcls pfhal.

 J Qti Qtiacs acs Qtiacs, wbdab prdoadphffy aikprdsl `lvlrhmls hon aiosukh`fls, hrl sthtln ht tbl fiwlr ig aist hon olt rlhfdzh`fl vhful. Aist ds nltlrkdoln `y tbl ﬈rst-do, ﬈rst-iut kltbin.

C Nl`tirs Nl`tirs, lxafundom nlrdvhtdvl ﬈ohoadhf dostruklots, hrl klhsurln ht hkirtdzln aist lxalpt wblrl tbl lgglat ig ndsaiuotdom wiufn `l dkkhtlrdhf. Urivdsdio gir dkphdrklot ds lsth`fdsbln wblo tblrl ds i`jlatdvl lvdnloal tbht tbl iutsthondom hkiuots wdff oit `l aifflatln. Qdmod﬈ahot ﬈ohoadhf ndg﬈auftdls ig tbl nl`tir, pri`h`dfdty tbht tbl nl`tir  wdff lotlr `hocruptay ir ﬈ohoadhf rlirmhodzhtdio, hon nlghuft ir nlfdoquloay do phyklots hrl aiosdnlrln aiosdnlrln dondahtirs tbht tbl nl`tir ds dkphdrln. ^bl ahrrydom hkiuot ig tbl hsslt ds rlnualn tbriumb tbl usl ig ho hffiwhoal haaiuot hon tbl hkiuot ig tbl fiss ds rlaimodzln do hrrdvdom ht iplrhtdom pri﬈t. ]blo h nl`tir ds uoaifflatd`fl, dt ds wrdttlo igg hmhdost tbl hffiwhoal haaiuot. Qu`slqulot rlaivlrdls ig hkiuot prlvdiusfy wrdttlo igg hrl arlndtln ti pri﬈t hon fiss. Nl`tirs wdtb khturdtdls mrlhtlr tbho 80 kiotbs hgtlr tbl `hfhoal sbllt nhtl hrl afhssd﬈ln uonlr oio-aurrlot hsslts.

14

 

>5

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Urdoadphf Haaiuotdom Uifdadls Aiotdouln 

F Ahsb hon ahsb lqudvhflots Gir tbl purpisls ig tbl ahsb ffiw sthtlklot, ahsb hon ahsb a hsb lqudvhflots aikprdsl nlpisdts wdtb `hocs hon ﬈ohoadhf dostdtutdios hon `hoc hon ahsb `hfhoals, olt ig `hoc ivlrnrhgts. Do tbl `hfhoal sbllt, `hoc ivlrnrhgts hrl doafunln do aurrlot `irriwdoms.

K Urivdsdios Urivdsdios hrl rlaimodzln wblo tbl Mriup bhs prlslot flmhf ir aiostruatdvl i`fdmhtdios hs h rlsuft ig phst lvlots, Urivdsdios dt ds pri`h`fl tbht ho iutffiw ig rlsiurals lk`inydom laioikda `lol﬈ts wdff `l rlqudrln ti slttfl tbl i`fdmhtdios, hon h rlfdh`fl lstdkhtl ig tbl hkiuot ig tbl i`fdmhtdios aho `l khnl.

O @irriwdoms hon `irriwdom aists @irriwdoms hrl dodtdhffy rlaimodzln ht ghdr vhful, olt ig trhoshatdio aists doaurrln. Do su`slqulot plrdins, `irriwdoms hrl sthtln ht hkirtdzln aist usdom tbl lgglatdvl dotlrlst kltbin. @irriwdom aists rlfhtdom ti khjir nlvlfipklot prijlats hrl ahpdthfdzln uotdf tbl hsslt ds su`sthotdhffy aikpfltln. Ahpdthfdzln `irriwdom aists hrl doafunln hs phrt ig tbl aist ig tbl hsslt. Hff itblr `irriwdom aists hrl lxplosln hs doaurrln. @irriwdoms hrl afhssd﬈ln hs aurrlot fdh`dfdtdls uoflss tbl Mriup bhs ho uoaiondtdiohf rdmbt ti nlglr slttflklot ig tbl fdh`dfdty gir ht flhst 80 kiotbs hgtlr tbl `hfhoal sbllt nhtl.

I Mivlroklot mrhots Mrhots grik mivlroklots hrl rlaimodzln ht tbldr ghdr vhful wblo tblrl ds rlhsioh`fl hssurhoal tbht tbl mrhot wdff `l rlaldvln hon tbl Mriup wdff aikpfy wdtb hff htthabln aiondtdios. Mrhots rlfhtdom ti tbl nlvlfipklot ig bitlf priplrty hrl nlnuatln do hrrdvdom ht tbl ahrrydom hkiuot ig tbl bitlf priplrty.

U Aurrlot hon nlglrrln thx ^bl thx lxplosl gir tbl ylhr aikprdsls aurrlot hon nlglrrln thx. ^hx ^hx ds rlaimodzln do pri﬈t hon fiss, lxalpt ti tbl lxtlot tbht dt rlfhtls ti dtlks rlaimodzln do itblr aikprlblosdvl doaikl ir ndrlat do lqudty. Do tbds ahsl, tbl thx ds hfsi rlaimodzln do itblr aikprlblosdvl doaikl ir ndrlatfy do lqudty, rlsplatdvlfy. rlsplatdvlfy. ^bl aurrlot doaikl thx abhrml ds ahfaufhtln io tbl `hsds ig tbl thx fhws lohatln ir su`sthotdvlfy lohatln ht tbl `hfhoal sbllt nhtl do tbl aiuotrdls wblrl tbl Mriup iplrhtls hon mlolrhtls thxh`fl doaikl. Khohmlklot plrdindahffy lvhfuhtls pisdtdios thclo do thx rlturos wdtb rlsplat ti sdtuhtdios do wbdab hppfdah`fl thx rlmufhtdio ds su`jlat ti dotlrprlthtdio. Dt lsth`fdsbls privdsdios wblrl hppriprdhtl io tbl `hsds ig hkiuots lxplatln ti `l phdn ti tbl thx hutbirdtdls. Nlglrrln thx ds privdnln, usdom tbl fdh`dfdty kltbin, gir hff tlkpirhry ndgglrloals hrdsdom `ltwllo tbl thx `hsls ig hsslts hon fdh`dfdtdls hon tbldr ahrrydom vhfuls. Nlglrrln thx ds nltlrkdoln usdom thx rhtls hon fhws tbht bhvl `llo lohatln ir su`sthotdhffy lohatln `y tbl `hfhoal sbllt nhtl hon hrl lxplatln ti hppfy wblo tbl rlfhtln nlglrrln thx hsslt ds rlhfdzln ir tbl nlglrrln thx fdh`dfdty ds slttfln. Urivdsdio gir nlglrrln thx ds khnl io tbl rlvhfuhtdio ig alrthdo oio-aurrlot hsslts hon, do rlfhtdio ti haqudsdtdios, io Urivdsdio tbl ndgglrloal `ltwllo tbl ghdr vhful ig tbl olt hsslts haqudrln hon tbldr thx `hsl. Nlglrrln thx ds privdnln io tlkpirhry ndgglrloals hssiadhtln wdtb dovlstklots do su`sdndhrdls, hssiadhtls hon jidot vloturls, lxalpt wblrl tbl Mriup ds h`fl ti aiotrif tbl rlvlrshf ig tbl tlkpirhry ndgglrloal hon dt ds pri`h`fl tbht tbl t bl tlkpirhry ndgglrloal wdff oit rlvlrsl do tbl girlsllh`fl guturl. Nlglrrln thx hsslts rlfhtdom ti tbl ahrry girwhrn ig uousln thx fissls hrl rlaimodzln ti tbl lxtlot tbht dt ds pri`h`fl tbht guturl thxh`fl pri﬈t wdff `l hvhdfh`fl hmhdost wbdab tbl uousln thx fissls aho `l utdfdzln.

 

Hoouhf Plpirt 058>

X Lkpfiyll `lol﬈ts d) Ulosdio i`fdmhtd i`fdmhtdios  ios   

^bl Mriup Mriup iplrhtls h ouk`lr ig nl﬈oln `lol﬈t hon nl﬈oln aiotrd`utdio pfhos, tbl hsslts ig wbdab hrl blfn do trustll hnkdodstlrln guons.

 

Ulosdio haaiuotdom aists gir nl﬈oln `lol﬈t pfhos hrl Ulosdio hrl hsslssln usdom tbl prijlatln uodt arlndt kltbin. \onlr tbds kltbin, tbl aists ig privdndom plosdios hrl abhrmln ti pri﬈t hon fiss sprlhndom tbl rlmufhr aist a ist ivlr tbl slrvdal fdvls ig lkpfiylls do haairnhoal wdtb tbl hnvdal ig quhfd﬈ln hatuhrdls, wbi ahrry iut h guff vhfuhtdio ig khjir pfhos lvlry ylhr. ^bl plosdio i`fdmhtdios hrl klhsurln hs tbl prlslot vhful ig tbl lstdkhtln guturl ahsb iutffiws `y rlglrloal ti khrclt ydlfns io bdmb quhfdty airpirhtl `ions wbdab bhvl tlrks ti khturdty hpprixdkhtdom tbl tlrks ig tbl rlfhtln fdh`dfdty. fdh`dfdty. Ufho hsslts hrl klhsurln ht ghdr vhful.

 

Hatuhrdhf mhdos hon hon fissls fissls hrdsdom hrdsdom grik lxplrdloal hnjustklots hnjustklots hon hon abhomls do hatuhrdhf hatuhrdhf hssukptdios hssukptdios hrl rlaimodzln rlaimodzln do itblr aikprlblosdvl doaikl do tbl ylhr do wbdab tbly iaaur.

 

Uhst slrvdal aists hrl rlaimodzln dkklndhtlfy do pri﬈t hon fiss.

 

^bl Mriup— Mriup—ss tithf aiotrd`utdios rlfhtdom rlfhtdom ti tbl nl﬈oln aiotrd`utdio pfhos hrl abhrmln ti pri﬈t hon fiss do tbl ylhr ti wbdab tbly rlfhtl.

dd) Qbhrl-`h Qbhrl-`hsln sln aikploshtdio  

Qbhrl-`hsln Fiom-tlrk Doalotdvl Doalotdvl Ufhos Ufhos (‒F^DU‒) (‒F^DU‒) bhvl bhvl `llo slt up ti privdnl privdnl fiomlr-tlrk fiomlr-tlrk doalotdvls gir slflatln lxlautdvls. Hwhrns aho thcl tbl girk ig sbhrl iptdios wdtb ho lxlradsl prdal `hsln io tbl tblo prlvhdfdom khrclt prdals ir suab itblr prdal slt `y tbl @ihrn ir tbly aho `l aiondtdiohf rdmbts ti rlaldvl grll sbhrls. Hwhrns oirkhffy vlst hgtlr tbl tbdrn hoodvlrshry ig tbl nhtl ig mrhot hon khy `l su`jlat ti tbl habdlvlklot ig plrgirkhoal aiondtdios.

 

^bl ghdr vhful ig tbl lkpfiyll slrvdals rlaldvln do lxabhoml lxabhoml gir tbl mrhot ig tbl iptdios iptdios do rlsplat ig iptdios mrhotln hgtlr =tb Oivlk Oivlk`lr `lr 0550 ds rlaimodzln hs ho lxplosl. ^bl tithf hkiuot ti `l lxplosln ivlr tbl vlstdom plrdin ds nltlrkdoln `y rlglrloal ti tbl ghdr vhful ig tbl iptdios mrhotln hs nltlrkdoln io tbl mrhot nhtl. Ht lhab `hfhoal sbllt nhtl, tbl Mriup rlvdsls dts lstdkhtls ig tbl ouk`lr ig iptdios tbht hrl lxplatln ti `laikl lxlradsh`fl. ^bl dkphat ig tbl rlvdsdio ig irdmdohf lstdkhtls, dg hoy, ds rlaimodzln do pri﬈t hon fiss.

P Nlrdvhtdvl ﬈ohoadhf dostruklots ^bl Mriup iofy lotlrs doti nlrdvhtdvl ﬈ohoadhf dostruklots do irnlr ti blnml uonlrfydom lxpisurls. Nlrdvhtdvl ﬈ohoadhf dostruklots hrl dodtdhffy rlaimodzln ht ghdr vhful io tbl nhtl h nlrdvhtdvl aiotrhat ds lotlrln doti hon hrl su`slqulotfy rlklhsurln ht tbldr ghdr vhful. ^bl kltbin ig rlaimodzdom tbl rlsuftdom mhdo ir fiss ds nlplonlot io tbl ohturl ig tbl dtlk `ldom blnmln. ^bl Mriup nlsdmohtls alrthdo nlrdvhtdvls hs h blnml ig h girlahstln trhoshatdio ir ig tbl girldmo aurrloay rdsc io h ﬈rk aikkdtklot (‒ahsb ffiw blnml—), ir h blnml ig h olt dovlstklot do h girldmo lotdty. Abhomls do tbl ghdr vhful ig nlrdvhtdvls tbht hrl nlsdmohtln hon quhfdgy hs ahsb ffiw blnmls hon tbht hrl bdmbfy lgglatdvl, hrl rlaimodzln do itblr aikprlblosdvl doaikl hon haaukufhtln do lqudty uonlr blnmdom rlslrvls. Abhomls do tbl ghdr vhful rlfhtdom ti tbl dolgglatdvl pirtdio pirt dio ds rlaimodzln dkklndhtlfy do pri﬈t hon fiss. ]blrl tbl girlahstln trhoshatdio ir ﬈rk aikkdtklot rlsufts do tbl t bl rlaimodtdio ig h oio-﬈ohoadhf hsslt ir ig h oio-﬈ohoadhf fdh`dfdty, tbl mhdos hon fissls prlvdiusfy nlglrrln do blnmdom rlslrvls hrl trhosglrrln grik blnmdom rlslrvls hon doafunln do tbl dodtdhf klhsurlklot ig tbl aist ig tbl hsslt ir fdh`dfdty fdh`dfdty.. Itblrwdsl, hkiuots nlglrrln do blnmdom rlslrvls hrl trhosglrrln ti pri﬈t hon fiss do tbl shkl plrdins nurdom wbdab tbl blnmln ﬈rk aikkdtklot ir girlahstln trhoshatdio hgglats pri﬈t hon fiss.  ]blo h blnmdom dostruklot dostruklot lxpdrls ir ds sifn, ir wblo h blnml oi fiomlr kllts tbl ardtlrdh gir blnml haaiuotdom, hoy aukufhtdvl mhdo ir fiss lxdstdom do blnmdom rlslrvls ht tbht tdkl rlkhdos do tbl blnmdom rlslrvls hon ds rlaimodzln  wblo tbl aikkdttln ir girlahstln trhoshatdio trhoshatdio uftdkhtlfy ds rlaimodzln rlaimodzln do pri﬈t hon fiss. ]blo ]blo h aikkdttln ir girlahstln trhoshatdio ds oi fiomlr lxplatln ti iaaur, tbl aukufhtdvl mhdo ir fiss tbht whs rlpirtln do blnmdom rlslrvls ds dkklndhtlfy trhosglrrln ti pri﬈t hon fiss.

>8

 

>0

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Urdoadphf Haaiuotdom Uifdadls Aiotdouln 

P Nlrdvhtdvl ﬈ohoadhf dostruklots aiotdouln  Alrthdo nlrdvhtdvl trhoshatdios, wbdfl privdndom lgglatdvl laioikda blnmls uonlr tbl Mriup Mriup——s rdsc khohmlklot pifdadls, ni oit quhfdgy gir blnml haaiuotdom uonlr tbl splad﬈a rufls do DHQ 14. Abhomls do tbl ghdr vhful ig hoy nlrdvhtdvl dostruklots tbht ni oit quhfdgy gir blnml haaiuotdom uonlr DHQ 14 hrl rlaimodzln dkklndhtlfy do pri﬈t hon fiss. Blnmls ig olt dovlstklots do girldmo lotdtdls hrl haaiuotln gir io h sdkdfhr `hsds ti tbht usln gir ahsb ffiw blnmls.  Hoy mhdo ir fiss io tbl blnmdom dostruklot dostruklot rlfhtdom ti tbl lgglatdvl pirtdio ig tbl blnml ds rlaimodzln do itblr aikprlblosdvl doaikl hon haaukufhtln do lxabhoml rlslrvls3 tbl mhdo ir fiss rlfhtdom ti tbl dolgglatdvl pirtdio ds rlaimodzln dkklndhtlfy do pri﬈t hon fiss. ^bl ghdr vhful ig nlrdvhtdvls wbdab hrl nlsdmohtln hon quhfdgy hs lgglatdvl blnmls hrl afhssd﬈ln hs oio-aurrlot hsslts ir fdh`dfdtdls dg tbl rlkhdodom khturdtdls ig tbl blnmln hsslts ir fdh`dfdtdls hrl mrlhtlr tbho 80 kiotbs hgtlr tbl `hfhoal sbllt nhtl.

Q Gdohoadhf muhrhotll aiotrhats Gdohoadhf muhrhotll aiotrhats uonlr wbdab tbl Mriup haalpts sdmod﬈ahot rdsc grik h tbdrn phrty `y hmrlldom ti aikploshtl tbht phrty io tbl iaaurrloal ig h splad﬈ln uoalrthdo guturl lvlot hrl haaiuotln gir do h khoolr sdkdfhr ti dosurhoal aiotrhats. Urivdsdios hrl rlaimodzln wblo dt ds pri`h`fl tbht tbl Mriup bhs i`fdmhtdios uonlr suab muhrhotlls hon ho iutffiw ig rlsiurals lk`inydom laioikda `lol﬈ts wdff `l rlqudrln ti slttfl tbl i`fdmhtdios.

^ Iggsl Iggslttdom ttdom ﬈ohoadhf dostruklots Gdohoadhf hsslts hon fdh`dfdtdls fdh`dfdtdls hrl iggslt hon tbl olt hkiuot rlpirtln do tbl `hfhoal sbllt wblo tblrl ds h flmhffy logiralh`fl rdmbt ti iggslt tbl rlaimodzln hkiuots hon tblrl ds ho dotlotdio ti slttfl io h olt `hsds ir rlhfdzl tbl hsslt hon slttfl tbl fdh`dfdty sdkuftholiusfy. sdkuftholiusfy. ^bl flmhffy logiralh`fl rdmbt kust oit `l aiotdomlot io guturl lvlots hon kust `l logiralh`fl do tbl oirkhf aiursl ig `usdolss hon do tbl lvlot ig nlghuft, dosifvloay ir `hocruptay ig tbl aikphoy ir tbl aiuotlrphrty aiuotlrphrty..

\ Oio-trhndom dtlks Oio-trhndom dtlks hrl slphrhtlfy dnlotd﬈ln ti privdnl mrlhtlr uonlrsthondom ig tbl Mriup Mriup——s uonlrfydom `usdolss plrgirkhoal. Dtlks afhssd﬈ln hs oio-trhndom doafunl dtlks suab hs mhdos io ndspishfs, privdsdios hmhdost hsslt dkphdrklot hon itblr khtlrdhf dtlks wbdab hrl oio-rlaurrdom do ohturl tbht rlqudrl ndsafisurl do irnlr ti privdnl hnndtdiohf dosdmbt doti uonlrfydom `usdolss plrgirkhoal.

W Lhrodom Lhrodomss plr sbhrl @hsda lhrodoms plr sbhrl hrl ahfaufhtln io pri﬈t httrd`uth`fl ti sbhrlbifnlrs hon io tbl wldmbtln hvlrhml ouk`lr ig sbhrls do dssul nurdom tbl ylhr. ^bl wldmbtln hvlrhml ouk`lr lxafunls tbl Aikphoy sbhrls blfn `y tbl ^rustll ^rustll uonlr tbl Qbhrl-`hsln Fiom-tlrk Doalotdvl Ufhos. Gir tbl purpisl ig ahfaufhtdom ndfutln lhrodoms plr sbhrl, pri﬈t httrd`uth`fl ti sbhrlbifnlrs ds hnjustln gir tbl lgglats ig tbl aiovlrsdio ig ndfutdvl pitlotdhf irndohry sbhrls ig su`sdndhrdls, hssiadhtls ir jidot vloturls, hon tbl wldmbtln hvlrhml ouk`lr ig sbhrls ds hnjustln gir tbl ouk`lr ig sbhrls wbdab hrl nllkln ti `l dssuln gir oi aiosdnlrhtdio uonlr tbl Qbhrl-`hsln Fiom-tlrk Doalotdvl Ufhos `hsln io tbl hvlrhml sbhrl prdal nurdom tbl ylhr.

 

Hoouhf Plpirt 058>

] Ndvdnlons Ndvdnlons pripisln ir nlafhrln hgtlr tbl `hfhoal sbllt nhtl hrl oit rlaimodzln hs h fdh`dfdty ht tbl `hfhoal sbllt nhtl.

R Plvloul rlaimodtdio Plvloul ds klhsurln ht tbl ghdr vhful ig tbl aiosdnlrhtdio rlaldvln hon rlaldvh`fl hon rlprlslots hkiuots rlaldvh`fl gir miins hon slrvdals privdnln do tbl oirkhf aiursl ig `usdolss, olt ig ndsaiuots hon shfls rlfhtln thxls. Plvloul grik bitlf iwolrsbdp aikprdsls hkiuots lhroln do rlsplat ig slrvdals, ghadfdtdls hon miins suppfdln `y tbl t bl su`sdndhry bitlfs. Plvloul grik tbl rlonlrdom ig slrvdals ds rlaimodzln wblo slrvdals hrl plrgirkln, privdnln tbht tbl hkiuot aho `l klhsurln rlfdh`fy. Plvloul grik tbl shfl ig miins ds rlaimodzln io tbl trhosglr ig sdmod﬈ahot rdscs hon rlwhrns ig iwolrsbdp, wbdab mlolrhffy aidoadnls wdtb tbl tdkl wblo tbl miins hrl nlfdvlrln ti austiklrs hon tdtfl bhs phssln. Plaldpts uonlr iplrhtdom flhsls hrl haaiuotln gir io ho haaruhf `hsds ivlr tbl flhsl tlrks. Plvloul grik bitlf khohmlklot aikprdsls mriss glls lhroln grik tbl khohmlklot ig hff tbl bitlfs iplrhtln `y tbl Mriup. Khohmlklot Khohmlklot glls hrl rlaimodzln wblo lhroln hs nltlrkdoln `y tbl khohmlklot aiotrhat. Dotlrlst doaikl ds rlaimodzln io h tdkl pripirtdio `hsds thcdom doti haaiuot tbl prdoadphf hkiuots iutsthondom hon tbl dotlrlst rhtls hppfdah`fl. Khohmlklot glls abhrmln ti tbl su`sdndhry bitlfs hrl lfdkdohtln upio aiosifdnhtdio. Ndvdnlon doaikl ds rlaimodzln wblo tbl rdmbt ti rlaldvl phyklot ds lsth`fdsbln.

T Url-iplrhtdo Url-iplrhtdom m aists Url-iplrhtdom aists hrl lxplosln hs tbly hrl doaurrln.

Z Qlmklot rlpirtdom Iplrhtdom slmklots hrl rlpirtln do h khoolr aiosdstlot wdtb tbl dotlrohf rlpirtdom privdnln ti tbl abdlg iplrhtdom nladsdio-khclr.. ^bl abdlg iplrhtdom nladsdio-khclr, nladsdio-khclr nladsdio-khclr, wbi ds rlspiosd`fl gir hffiahtdom rlsiurals hon hsslssdom plrgirkhoal ig tbl iplrhtdom slmklots, bhs `llo dnlotd﬈ln hs tbl aikkdttll tbht khcls strhtlmda nladsdios.

>1

 

>>

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Gdohoadhf Pdsc Khohmlklot

H Gdohoa Gdohoadhf dhf rdsc ghatirs ^bl Mriup—s Mriup—s hatdvdtdls lxpisl dt ti h vhrdlty ig ﬈ohoadhf rdscs: rdsc s: khrclt rdsc (doafundom girldmo lxabhoml lxabh oml rdsc hon dotlrlst rhtl rdsc), arlndt rdsc hon fdqudndty rdsc. ^bl Mriup—s Mriup—s trlhsury trlhsur y guoatdio ai-irndohtls, ai-irnd ohtls, uonlr tbl ndrlatdios ig tbl @ihrn ig Khonhrdo Khonhr do Irdlothf Bitlf Mriup Dotlrohtdiohf Fdkdtln, ﬈ohoadhf ﬈oh oadhf rdsc khohmlklot pifdadls hon tbldr dkpflklothtdio. ^bl Mriup—s Mriup—s trlhsur y pifdadls hrl nlsdmoln ti khohml tbl t bl ﬈ohoadhf dkphat ig ffuatuhtdios do dotlrlst rhtls hon girldmo lxabhoml rhtls rhtl s hon ti kdodkdzll tbl Mriup—s kdodkdz Mriup—s ﬈ohoadhf rdscs. ^bl Mriup usls nlrdvhtdvl ﬈ohoadhf ﬈ohoadh f dostruklots, prdoadphffy dotlrlst rhtl swhps sw hps hon ahps, hon girwhrn girldmo lxabhoml lxabh oml aiotrhats hs hppriprdhtl gir blnmdom trhoshatdios trhoshat dios hon khohmdom tbl Mriup—s hsslts hon fdh`dfdtdls fdh`df dtdls do haairnhoal wdtb tbl Mriup—s Mriup—s ﬈ohoadhf rdsc khohmlklot khohm lklot pifdadls. Gdohoadhf Gdohoadhf nlrdvhtdvl aiotrhats aiotrhat s hrl lxlautln `ltwllo tbdrn phrty `hocs hon tbl Mriup lotdty tbht ds ndrlatfy lxpisln ti tbl rdsc `ldom blnmln. Alrthdo Alrth do nlrdvhtdvl trhoshatdios, trhoshat dios, wbdfl privdndom lgglatdvl laioikda blnmls uonlr tbl Mriup—s Mriup—s rdsc khohmlklot pifdadls, ni oit quhfdg quhfdg y gir blnml haaiuotdom uonlr tbl splad﬈a rufls do DHQ DH Q 14. 14. Abhomls do tbl ghdr gh dr vhful ig hoy nlrdvhtdvl dostruklots tbht ni oit quhfdgy gir blnml haaiuotdom uonlr DHQ 14 hrl rlaimodzln dkklndhtlfy do tbl pri﬈t hon fiss haaiuot. Dt ds tbl Mriup—s Mriup—s pifday oit ti lotlr doti nlrdvhtdvl trhoshatdios trhoshat dios gir splaufhtdvl purpisls. ^bl ^ bl oitdiohf hkiuots hon ghdr gh dr vhfuls ig nlrdvhtdvl ﬈ohoadhf ﬈oh oadhf dostruklots dostr uklots ht 18st 18st Nlalk`lr 058> hrl ndsafisln do oitl 0< oitl 0 058> hon 0581, tbl Mriup— Mriup—ss prdoadphf girldmo lxabhoml lxpisurl lx pisurl  whs wdtb tbl Luri. Ht 18st 18st Nlalk`lr 058 058>, >, dg tbl \odtln Qthtls Qthtls niffhr bhn strlomtbloln/wlhcloln strlomtbloln /wlhcloln `y 85% 85% hmhdost Luri wdtb w dtb hff itblr vhrdh`fls uoabhomln, uoabh omln, tbl Mriup—s Mriup—s pri﬈t hgtlr thx wiufn bhvl `llo \Q$ 5.= kdffdio fiwlr/bdmblr (0581: \Q$5.0 kdffdio fiwlr/bdmblr), hrdsdom grik girldmo lxabhoml fissls/mhdos thclo io trhosfhtdio. trhosfht dio. ^bl dkphat io hkiuots httrd`uth`fl ti tbl sbhrlbifnlrs ig tbl Aikphoy wiufn `l \Q$5.= \Q$ 5.= kdffdio fiwlr/bdmblr (0581: \Q$5.0 kdffdio fiwlr/bdmblr). ^bds slosdtdvdty hohfysds dmoirls hoy iggslttdom girldmo lxabhoml ghatirs hon bhs `llo nltlrkdoln hssukdom tbht tbl abhoml do girldmo lxabhoml rhtls bhn iaaurrln ht tbl `hfhoal sbllt nhtl. ^bl sthtln sthtl n abhoml rlprlslots khohmlklot— khohml klot—ss hsslssklot ig rlhsioh`fy pissd`fl abhomls do girldmo lxabhoml rhtls ivlr tbl plrdin uotdf tbl olxt hoouhf h oouhf `hfhoal `hfh oal sbllt nhtl. ^blrl hrl oi itblr sdmod﬈ahot kiolthry `hfhoals `h fhoals blfn `y Mriup aikphodls ht 18st 18st Nlalk`lr 058> tbht hrl nloikdohtln do h oio-guoatdiohf aurrloay. Ndgglrloals rlsuftdom rlsuftdo m grik tbl trhosfhtdio ig ﬈ohoadhf sthtlklots sthtl klots doti tbl Mriup—s Mriup—s prlslothtdio aurrloay hrl oit thclo doti aiosdnlrhtdio.

 

Hoouhf Plpirt 058>

H Gdohoa Gdohoadhf dhf rdsc ghatirs aiotdouln  d) Khrclt rdsc aiotdouln  Dotlrlst rhtl rdsc  ^bl Mriup ds lxpisln ti dotlrlst rhtl rdsc tbriumb tbl dkphat ig rhtl abhomls io dotlrlst `lhrdom `lhrd om fdh`dfdtdls hon hsslts. ^blsl lxpisurls hrl khohmln phrtfy `y usdom ohturhf blnmls tbht hrdsl grik iggslttdom dotlrlst rhtl slosdtdvl hsslts hon fdh`dfdtdls, hon phrtfy tbriumb ﬈xln rhtl `irriwdoms hon tbl usl ig nlrdvhtdvl ﬈ohoadhf dostruklots suab hs dotlrlst rhtl swhps sw hps hon ahps. ^bl Mriup kiodtirs dotlrlst rhtl lxpisurl io h kiotbfy `hsds `y aurrloay aurrloa y hon `usdolss uodt, thcdom thc dom doti aiosdnlrhtdio pripisln pripisln ﬈ohoadom hon blnmdom hrrhomlklots. hrr homlklots. ^bl Mriup—s Mriup—s mudnlfdol ds ti khdothdo >5% > 5% ti 75 % ig dts mriss `irriwdoms, do ﬈xln ﬈ xln rhtl dostruklots. dostr uklots. Ht 18st Nlalk`lr 058> 058> tbl Mriup—s Mriup—s dotlrlst rhtl blnml whs wh s >1% (0581: >8%), wdtb ho hvlrhml tloir ig 1.1 ylhrs ylhr s (0581: 8.1 ylhrs). ^bl dotlrlst rhtl pri﬈fl ig tbl Mriup—s Mriup—s `irriwdoms hgtlr hg tlr thcdom thcd om doti haaiuot blnmdom trhoshatdios trhoshat dios hrl slt iut do oitl oitl 8= 8=..

Ahsb ffiw dotlrlst rhtl rdsc ds tbl rdsc tbht abhomls abhoml s do khrclt dotlrlst rhtls wdff dkphat ahsb ah sb ffiws hrdsdom grik vhrdh`fl rhtl ﬈ohoadhf dostruklots. do struklots. @irriwdoms @irriwd oms ht ffihtdom rhtls tblrlgirl lxpisl tbl Mriup ti ahsb ffiw dotlrlst rhtl rdsc. ^bl Mriup khohmls tbds tb ds rdsc `y usdom girwhrn rhtl hmrllklots ti h khturdty khturdt y ig iol ylhr, hon `y lotlrdom doti dotlrlst rhtl swhps hon ahps gir h khturdty ig up ti slvlo ylhrs. Girwhrn rhtl hmrllklots hon dotlrlst rhtl swhps bhvl tbl laioikda lgglat ig aiovlrtdom `irriwdoms grik ffihtdom rhtl ti ﬈xln rhtl, ahps privdnl pritlatdio hmhdost hmhdo st h rdsl do ffihtdom rhtls h`ivl h prl-nltlrkdoln rhtl.  Ht 18st 18st Nlalk`lr 058>, 058>, dg dotlrlst rhtls bhn `llo 855 `hsds pidots bdmblr/fiwlr wdtb hff itblr itblr vhrdh`fls blfn aiosthot, tbl Mriup—s pri﬈t hgtlr thx wiufn bhvl `llo \Q$0.7 \Q$ 0.7 kdffdio fiwlr/bdmblr (058 (0 581: 1: \Q$0.> \Q$ 0.> kdffdio fiwlr/bdmblr), hon blnmdom rlslrvls wiufn bhvl `llo \Q$1.< kdffdio (0581: \Q$0.0 kdffdio) bdmblr/fiwlr, hs h rlsuft ig ghdr vhful abhomls ti ahsb ffiw blnmls. ^bl slosdtdvdty hohfysds bhs `llo nltlrkdoln hssukdom tbht tbl abhoml abh oml do dotlrlst rhtls bhn iaaurrln ht tbl `hfhoal `hf hoal sbllt nhtl hon bhn `llo hppfdln ti tbl lxpisurl ti dotlrlst rhtl rdsc gir `itb nlrdvhtdvl hon oio-nlrdvhtdvl ﬈ohoadhf dostruklots dostr uklots do lxdstloal ht tbht nhtl. ^blrl ds oi sdmod﬈ahot slosdtdvdty rlsuftdom rlsu ftdom grik dotlrlst rhtl ahps. ^bl 855 `hsds pidot doarlhsl ir nlarlhsl rlprlslots khohmlklot—s hsslssklot ig h rlhsioh`fy pissd`fl abhoml do tbisl dotlrlst dotlrl st rhtls wbdab bhvl tbl t bl kist dkphat io tbl Mriup, splad﬈ahffy tbl \odtln Qthtls, Biom Ciom, Ciom , \odtln Cdomnik hon Luriplho rhtls, rhtl s, ivlr tbl plrdin uotdf tbl olxt hoouhf `hfhoal sbllt nhtl. Do tbl ahsl ig lgglatdvl ghdr vhful blnmls, abhomls do tbl ghdr vhful ig tbl blnmln dtlk ahusln `y dotlrlst rhtl kivlklots `hfhoal iut do tbl pri﬈t hon fiss haaiuot hmhdost abhomls abh omls do tbl ghdr vhful ig tbl blnmdom dostruklots. Abhomls do khrclt dotlrlst rhtls hgglat tbl dotlrlst doaikl ir lxplosl ig oio-nlrdvhtdvl vhrdh`fl-dotlrlst ﬈ohoadhf dostruklots, dostr uklots, tbl dotlrlst phyklots ig wbdab hrl oit nlsdmohtln hs blnmln dtlks ig ahsb ffiw blnmls hmhdost dotlrlst rhtl rdscs. rdsc s. Hs h aioslquloal, tbly hrl doafunln do tbl ahfaufhtdio ig pri﬈t hgtlr thx slosdtdvdtdls. Abhomls do tbl khrclt dotlrlst rhtl ig ﬈ohoadhf dostruklots tbht wlrl nlsdmohtln hs blnmdom dostruklots dostr uklots do h ahsb ffiw blnml ti blnml phyklot ffuatuhtdios rlsuftdom grik dotlrlst rhtl kivlklots hgglat tbl blnmdom rlslrvls hon hrl tblrlgirl thclo doti aiosdnlrhtdio do tbl lqudty-rlfhtln slosdtdvdty ahfaufhtdios.

><

 

>7

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Gdohoadhf Pdsc Khohmlklot Aiotdouln 

H Gdohoa Gdohoadhf dhf rdsc ghatirs aiotdouln  dd) Arlndt rdsc  ^bl Mriup—s Mriup—s arlndt rdsc ds prdkhrdfy httrd`uth`fl ht trd`uth`fl ti nlpisdts wdtb `hocs, `hoc s, arlndt lxpisurls ti austiklrs au stiklrs hon nlrdvhtdvl ﬈ohoadhf dostruklots dost ruklots wdtb h pisdtdvl ghdr vhful. ^bl Mriup bhs arlndt pifdadls do pfhal hon tbl lxpisurls ti tblsl arlndt arln dt rdscs hrl kiodtirln io ho iomidom `hsds. ^bl Mriup khohmls dts nlpisdts wdtb `hocs hon ﬈ohoadhf ﬈oh oadhf dostdtutdios hon trhoshatdios trho shatdios dovifvdom nlrdvhtdvl ﬈ohoadhf dostruklots `y kiodtirdom arlndt rhtdoms hon ahpdthf hnlquhay rhtdis ig aiuotlrphrtdls, hon fdkdtdom tbl hmmrlmhtl hmmrlm htl rdsc ti hoy dondvdnuhf aiuotlrphrty. aiuotlrphrt y. ^bl utdfdzhtdio utdfdzht dio ig arlndt fdkdts ds rlmufhrfy kiodtirln. Ht 18st 18 st Nlalk`lr 058>, 42% (0581: (0581: 47%) 47% ) ig nlpisdts hon `hfhoals wdtb w dtb `hocs `hoc s hon ﬈ohoadhf dostdtutdios do stdtutdios wlrl khnl ti dostdtutdios wdtb arlndt rhtdoms ig oi flss tbho H- (Gdtab). Qdkdfhrfy trhoshat t rhoshatdios dios dovifvdom nlrdvhtdvl ﬈ohoadhf dostruklots dostru klots hrl wdtb `hocs wdtb w dtb siuon arlndt rhtdoms hon ahpdthf hnlquhay rhtdis. Ht 18st Nlalk`lr 058>, 058>, tblrl  whs oi pisdtdvl pisdtdvl ghdr vhful ig nlrdvhtdvl ﬈ohoadhf dostruklots dostru klots (0581: (0581: odf). Khohmlklot nils oit oit lxplat hoy aiuotlrphrty ti ghdf ti kllt dts i`fdmhtdios. Do rlsplat ig arlndt lxpisurls lxpisurl s ti austiklrs hon airpirhtl aikphodls, tbl t bl Mriup bhs pifdadls do pfhal ti losurl tbht shfls io arlndt wdtbiut aiffhtlrhf hrl khnl prdoadphffy ti trhvlf hmlots hml ots hon airpirhtl aikphodls wdtb ho hppriprdhtl arlndt bdstiry. Qhfls ti itblr austiklrs hrl khnl do ahsb ah sb ir `y khjir arlndt ahrns. ^bl khxdkuk lxpisurl ti arlndt rdsc ds rlprlslotln `y tbl ahrrydom hkiuot ig lhab ﬈ohoadhf hsslt do tbl `hfhoal sbllt hgtlr nlnuatdom hoy dkphdrklot hffiwhoal.

ddd)Fdqudndty rdsc  Urunlot fdqudndty rdsc khohmlklot doafunls khohmdom tbl t bl pri﬈fl ig nl`t nl`t khturdtdls hon guondom gu ondom siurals, khdothdodom sug﬈adlot ahsb hon khrclth`fl slaurdtdls, hon losurdom tbl hvhdfh`dfdty ig guondom grik ho hnlquhtl hkiuot ig aikkdttln arlndt ghadfdtdls ghadfdtdl s hon tbl h`dfdty ti afisl iut khrclt khrcl t pisdtdios. ^bl Mriup—s Mriup—s h`dfdty ti guon gu on dts lxdstdom hon prisplatdvl nl`t rlqudrlklots ds khohmln `y khdothdodom ndvlrsd﬈ln guondom siurals wdtb hnlquhtl aikkdttln guondom gu ondom fdols grik bdmb bdm b quhfdty flonlrs, hon h on `y kiodtirdom riffdom sbirt-tlrk girlahsts ig tbl Mriup—s ahsb hon mriss nl`t io tbl `hsds `h sds ig lxplatln ahsb ffiws. Do hnndtdio, hnn dtdio, fiom-tlrk ahsb ffiws hrl prijlatln ti hssdst  wdtb tbl Mriup—s Mriup—s fiom-tlrk nl`t nl`t ﬈ohoadom pfhos.  Ht 18st 18st Nlalk`lr 058 058>, >, tithf hvhdfh`fl `irriwdom ghadfdtdls hkiuotln ti \Q$ \Q$278 278 kdffdio (0581: (0581: \Q$220 \Q$ 220 kdffdio) ig wbdab \Q$=02 kdffdio kdff dio (0581: (0581: \Q$=4< \Q$ =4< kdffdio) whs nrhwo niwo. \onrhwo aikkdttln ghadfdtdls, ghadfdtdl s, do tbl girk ig rlvifvdom arlndt hon tlrk fiho ghadfdtdls tithffln \Q$811 kdffdio (0581: \Q$2= \Q$ 2= kdffdio), do hnndtdio ti ahsb `hfhoals ig \Q$10< kdffdio. ^blrl whs oi uonrhwo uoaikkdttln ghadfdtdls (0581: odf).

 

Hoouhf Plpirt 058>

H Gdohoa Gdohoadhf dhf rdsc ghatirs aiotdouln  ddd)Fdqudndty rdsc aiotdouln  ^bl th`fl `lfiw hohfyzls hohfyz ls tbl Mriup—s Mriup—s oio-nlrdvhtdvl ﬈ohoadhf fdh`dfdtdls hon nlrdvhtdvl ﬈ohoadhf ﬈ohoadh f fdh`dfdtdls doti rlflvhot khturdty mriupdoms `hsln io tbl rlkhdodom plrdin ht tbl `hfhoal sbllt nhtl ti tbl aiotrhatuhf khturdty nhtl. Nlrdvhtdvl ﬈ohoadhf fdh`dfdtdls hrl doafunln do tbl hohfysds dg tbldr aiotrhatuhf khturdtdls hrl lsslotdhf gir ho uonlrsthondom ig tbl tdkdom ig tbl ahsb ffiws. ^bl hkiuots ndsafisln do tbl th`fl hrl tbl aiotrhatuhf uondsaiuotln ahsb ffiws.        

]dtbdo iol ylhr \Q$k

@ltwllo iol hon twi ylhrs \Q$k

@ltwllo twi hon tbrll ylhrs \Q$k

@ltwllo tbrll hon giur ylhrs \Q$k

@ltwllo giur hon gdvl ylhrs \Q$k

@lyion gdvl ylhrs \Q$k

^ithf uondsaiuotln uondsaiuotln ahsb gfiws \Q$k

@irriwdoms

018.8

80.<

80.1

4.<



Olt slttfln nlrdvhtdvl gdohoadhf dostruklot s Ht 18st Nlalk`lr 0581

Olt slttfln nlrdvhtdvl gdohoadhf dostruklots

@ Ahpdthf khohmlkl khohmlklot ot ^bl Mriup—s Mriup—s i`jlatdvls wblo khohmdom khohm dom ahpdthf hrl ti shglmuh sh glmuhrn rn tbl Mriup—s Mriup—s h`dfdty ti aiotdoul hs h midom aioalro  wbdfst sllcdom ti khxdkdzl khxdkd zl `lol﬈ts ti sbhrlbifnlrs hon itblr sthclbifnlrs. Ahpdthf Ahpdthf ds lqudty hs sbiwo do tbl aiosifdnhtln `hfhoal sbllt pfus olt nl`t. ^bl Mriup hatdvlfy hon rlmufhrfy rlvdlws hon khohmls dts ahpdthf struaturl ti losurl iptdkhf ahpdthf struaturl hon sbhrlbifnlr rlturos, rlturo s, thcdom doti aiosdnlrhtdio tbl guturl ahpdthf ahpdth f rlqudrlklots ig tbl Mriup hon ahpdthf lg﬈adloay, prlvhdfdom hon prijlatln pri﬈th`dfdty, prijlatln iplrhtdom ahsb ffiws, prijlatln ahpdthf lxplondturls hon prijlatln strhtlmda dovlstklot ippirtuodtdls. Do irnlr ti khdothdo ir hnjust tbl ahpdthf struaturl, str uaturl, tbl Mriup khy hnjust tbl hkiuot ig ndvdnlons phdn ti sbhrlbifnlrs, purabhsl Mriup sbhrls, rlturo ahpdthf ti sbhrlbifnlrs, dssul olw sbhrls sbhrl s ir slff hsslts ti rlnual nl`t. ^bl Mriup kiodtirs ahpdthf io tbl `hsds `h sds ig tbl Mriup—s aiosifdnhtln mlhrdom rhtdi hon h on aiosifdnhtln dotlrlst aivlr. ^bl mlhrdom rhtdi rht di ds ahfaufhtln hs olt nl`t ndvdnln `y tithf lqudty. Olt nl`t ds ahfaufhtln hs tithf tith f `irriwdoms flss `hoc `hfhoalss hon itblr fdqudn guons. Dotlrlst aivlr ds ahfaufhtln hs uonlrfydom iplrhtdom pri﬈t hon sbhrl ig rlsufts ig `hfhoal hssiadhtls hon jidot vloturls ndvdnln `y olt ﬈ohoadom abhrmls. abhrml s. ^bl Mriup nils oit oit bhvl h nl﬈oln mlhrdom ir dotlrlst aivlr `loabkhrc ir rhoml. ^bl rhtdis ht 18st Nlalk`lr 058> 058> hon 0581 `hsln io DGPQ `hfhoal sbllts sbllt s hrl hs giffiws: giffiws :  

058>   058>

0581

Mlhrdom rhtdi

>0%  

>2%

Dotlrlst aivlr

=.=

2.0

>=

 

>2

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Gdohoadhf Pdsc Khohmlklot Aiotdouln 

A Ghdr vhful lstdkhtdio d) Gdohoadhf dostruklots tbht hrl klhsurln ht ghdr vhful  vhful  Gir ﬈ohoadhf dostruklots tbht hrl klhsurln ht ghdr vhful do tbl `hfhoal sbllt, tbl airrlspiondom ghdr vhful klhsurlklots hrl ndsafisln `y flvlf ig tbl giffiwdom ghdr vhful vh ful klhsurlklot bdlrhraby: h) Xuitln prdals (uohnjustln) do hatdvl khrclts khrclt s gir gir dnlotdah dnlotdahff hsslts ir fdh`dfdt fdh`dfdtdls dls (‒quitln (‒quitln prdals do hatdvl khrclts—) ^bl ghdr vhful ig fdstln slaurdtdls, slaurdtdl s, wbdab hrl afhssd﬈ln hs hvhdfh`fl-gir-shfl, ds `hsln io quitln prdals do hatdvl khrclts ht tbl `hfhoal `hf hoal sbllt nhtl. ^bl quitln khrclt prdal usln gir fdstln dovlstklots blfn `y tbl Mriup ds tbl aurrlot `dn prdal. `) Doputs itblr tbho quitln prdals do hatdv hatdvll khrclts tbht hrl i`slrvh`fl gir tbl hsslt ir fdh`dfdt y, ldtblr ndrlatfy ir dondrlatfy d ondrlatfy (‒i`slrvh`fl aurrlot aurrlot khrclt trhoshatdios—) ^bl ghdr vhfuls ig nlrdvhtdvl ﬈ohoadhf ﬈ohoadh f dostruklots hrl nltlrkdoln nltlr kdoln usdom rhtls quitln `y tbl Mriup—s Mriup—s `hoclrs ht tbl `hfhoal sbllt nhtl. ^bl rhtls gir dotlrlst rhtl swhps hon girwhrn girldmo lxabhoml aiotrhats hrl ahfaufhtln `y rlglrloal ti khrclt dotlrlst rhtls hon girldmo lxabhoml rhtls. rhtl s.

^bl ghdr vhful ig uofdstln uofdstl n dovlstklots, wbdab hrl afhssd﬈ln hs hvhdfh`fl-gir-shfl hvhd fh`fl-gir-shfl hon khdofy doafunl afu` hon sabiif nl`loturls, hrl nltlrkdoln usdom prdals quitln `y `riclrs ht tbl `hfhoal sbllt nhtl. a) Doputs gir hsslt hssltss ir ir fdh`dfdtdls tbht hrl oit `hsln io i`slrvh`fl khrclt nhth (‒uoi`slrvh`fl doputs—) ^bl ghdr vhful ig itblr uofdstln uofdstl n slaurdtdls, wbdab hrl afhssd﬈ln afhssd ﬈ln hs hvhdfh`fl-gir-shfl, ds nltlrkdoln usdom vhfuhtdio tlabodquls `y rlglrloal ti i`slrvh`fl aurrlot khrclt trhoshatdios (doafundom prdal-ti lhrodoms hon prdal-ti `iic rhtdis ig fdstln slaurdtdls ig lotdtdls lomhmln do sdkdfhr donustrdls) donustrdls ) ir tbl khrclt prdals ig tbl uonlrfydom dovlstklots wdtb alrthdo nlmrll ig lotdty splad﬈a lstdkhtls.

^blrl wlrl oi abhomls do vhfuhtdio tlabodquls nurdom tbl t bl ylhr. ^bl th`fl `lfiw hohfyzls ﬈ohoadhf dostruklots ahrrdln ht ghdr vhful, `y tbl flvlfs do tbl ghdr vhful klhsurlklot bdlrhraby.      

Xuitln prdals do hatdvl khrclts \Q$k

I`slrvh`fl aurrlot khrclt trhoshatdios \Q$k

\oi`slrvh`fl doputs \Q$k

^ithf \Q$k



0.4

=.7

85.<



(1.5)) (1.5



1.8



(=.5)) (=.5

058> Hsslts Hvhdfh`fl-gir-shfl gdohoadhf hsslts ‑ uofdstln dovlstklots Fdh`dfdtdls Nlrdvhtdvls nlsdmohtln ht ghdr vhful ‑ tbriumb itblr aikprlblosdv l doaikl



(1.5)

0581 Hsslts Hvhdfh`fl-gir-shfl gdohoadhf hsslts ‑ uofdstln dovlstklots

7.0

4.1

Fdh`dfdtdls Nlrdvhtdvls nlsdmohtln ht ghdr vhful ‑ tbriumb itblr aikprlblosdvl doaikl



^blrl wlrl oi trhosglrs trho sglrs hkiom tbl tbrll tb rll ahtlmirdls nurdom nurdo m tbl ylhr lonln 18st Nlalk`lr 058>. 058>.

(=.5)

 

Hoouhf Plpirt 058>

A Ghdr vhful lstdkhtdio

aiotdouln 

d) Gdohoadhf dostruklots tbht hrl klhsurln ht ghdr vhful vhful aiotdouln  Kivlklots ig ﬈ohoadhf dostruklots dost ruklots wbdab hrl vhfuln `hsln `hsl n io uoi`slrvh`fl doputs nurdom tbl ylhr lonln 18st 18 st Nlalk`lr hrl hs h s giffiws:      

Hvhdfh`fl-gir-shfl gdohoadhf hsslts 058>   058> 0581 \Q$k \Q$k   \Q$k

 

Ht 8st Jhouhry

7.0

>.2

Hnndtdios

8.>

8.>

Ht 18st Nlalk`lr

=.7

7.0

dd) Gdohoadhf dostruklots tbht hrl oit klhsurln ht ghdr vhful  vhful  ^bl ghdr vhfuls ig aurrlot nl`tirs, `hoc `hfhoals `hfh oals hon itblr fdqudn guons, aurrlot arlndtirs hon aurrlot `irriwdoms hrl hssukln ti hpprixdkhtl tbldr ahrr ydom hkiuots nul ti tbl sbirt-tlrk khturdtdls ig tblsl hsslts hsslt s hon fdh`dfdtdls. ^bl ghdr vhfuls ig fiom-tlrk `irriwdoms hrl `hsln io khrclt prdals ir hrl lstdkhtln lstd khtln usdom tbl lxplatln guturl g uturl phyklots ndsaiuotln ht khrclt dotlrlst rhtls.

N Gdohoa Gdohoadhf dhf dostruklots dostruklots `y ahtlmiry ^bl ghdr vhfuls ig ﬈ohoadhf ﬈ohoadh f hsslts hon ﬈ohoadhf ﬈ohoadh f fdh`dfdtdls, timltblr wdtb ahrry ah rrydom dom hkiuots ht 18st 18st Nlalk`lr 058> 058> hon 0581 hrl hs giffiws:              

Itblr Itblr gdohoadhf gdohoadhf dostruklots dostruklots ht ghdr vhful ht hkirtdzln tbriumb prigdt aist hon fiss \Q$k \Q$k

Fihos hon rlaldvh`fls \Q$k

Nlrdvhtdvls u sln gir blnmdom \Q$k

Hvhdfh`flgir-shfl \Q$k

^ithf ahrrydom hkiuot \Q$k

Ghdr vhful \Q$k





85.<





85.<

85.<

71.0









71.0

71.0

@hoc `hfhoals hon itblr fdqudn guons

10>.7









10>.7

10>.7

 

12=.2



85.<





142.1

142.1







(1.5)

(1.5)

058> Hsslts Itblr dovlstklots Nl`tirs

Fdh`dfdtdls Itblr oio-aurrlot fdh`dfdtd fdh`dfdtdls ls



(1.5)) (1.5

@irriwdoms







(=0=.=)



(=0=.=)

(=0=.7)

^rhnl hon itblr phyh`fls lxafundom oio-gdohoadhf fdh`dfdtdls







(814 .4 )



(81 4.4 )

(814.4 )

 





(27=.7)) (27=.7



(2=5.7)

(2=5.









187.>

187.>

 

1==.<



4.1





127.2

127.2







(1..4)



(817.2) (817.2



(8>5.1)) (8>5.1

(8>5.1)

>4

 



(=.5)



(418.=)



(412.=)) (412.=

(412.=)

 



N Ulosdio i`fdmhtdios ^bl prlslot vhful ig tbl plosdio i`fdmhtdios i`fdmhtdios nlplons io h ouk`lr ouk`lr ig ghatirs tbht hrl nltlrkdoln nltlrk doln io ho hatuhrdhf hatuhrdh f `hsds usdom h ouk`lr ig hssukptdios. ^bl hssukptdios usln do nltlrkdodom tbl olt aist/doaikl aist /doaikl gir plosdios doafunl tbl ndsaiuot rhtl. Hoy abhomls do tblsl hssukptdios wdff dkphat tbl ahrrydom hkiuot ig plosdio i`fdmhtdios. ^bl Mriup nltlrkdols tbl hppriprdhtl ndsaiuot rhtl ht tbl t bl lon ig lhab ylhr. ^bds ds tbl t bl dotlrlst rhtl tbht sbiufn `l usln ti nltlrkdol tbl prlslot vhful ig lstdkhtln guturl gutu rl ahsb iutffiws lxplatln lxplat ln ti `l rlqudrln ti slttfl tbl plosdio i`fdmhtdios. Do nltlrkdodom tbl hppriprdhtl ndsaiuot rhtl, tbl Mriup aiosdnlrs tbl dotlrlst rhtls ig bdmb-quhfdty bdmb-quhfdt y airpirhtl `ions tbht hrl nloikdohtln do tbl aurrloay aur rloay do wbdab tbl `lol﬈ts wdff wdf f `l phdn hon tbht bhvl tlrks ti khturdty hpprixdkhtdom hpprixdkhtd om tbl tlrks ig tbl rlfhtln plosdio i`fdmhtdio. Itblr cly hssukptdios hssu kptdios gir plosdio plosdio i`fdmhtdios hrl `hsln do phrt io aurrlot khrclt aiondtdios. a iondtdios.

L Oio-trhndom dtlks ^bl Mriup usls uonlrfydom `usdolss plrgirkhoal do dts dotlrohf ﬈ohoadhf rlpirtdom ti ndstdomudsb `ltwllo tbl uonlrfydom pri﬈ts hon oio-trhndom oio-trhndo m dtlks. ^bl dnlotd﬈ahtdio ig oio-trhndom dtlks rlqudrls junmlklot `y khohmlklot, `ut giffiws tbl aiosdstlot aiosdstl ot kltbinifimy hs slt iut do tbl Mriup—s haaiuotdom pifdadls.

\Q$k  \Q$k 

0581 \Q$k

‑ Biom Ciom

0>4.<

0>4.7

007.5

78.4

7.0

71=.2

==.8

70.=

(18.>))  (18.>

(18.4)

‑ ^bl Hklrdahs  

Hohfysds `y hatdvdty ‑ Bitlf iwolrsbdp ‑ Bitlf & Plsdnloals `rhondom hon khohmlklot ‑ Flss: Dotrh-slmklo Dotrh-slmklott rlvloul  

7=4.4

772.7

Iplrhtdom slmklots hrl dnlotd﬈ln io tbl `hsds ig dotlrohf rlpirts h`iut aikpiolots ig tbl Mriup Mriup tbht hrl rlmufhrfy rlmu fhrfy rlvdlwln `y tbl lxlautdvl Ndrlatirs ig tbl Aikphoy gir tbl purpisl ig rlsiural hffiahtdio hffia htdio hon plrgirkhoal hsslssklot. hssls sklot. ^bl Mriup ds iplrhtln io h wirfnwdnl `hsds do giur rlmdios: Biom Ciom, Itblr Hsdh, H sdh, Luripl hon ^bl Hklrdahs Hklrdah s wbdab girk tbl `hsds ig dts rlpirth`fl slmklots. slm klots. Do hnndtdio, tbl Mriup bhs twi ndstdoat ndst doat `usdolss hatdvdtdls: hatdvdtdls : Bitlf iwolrsbdp hon Bitlf & Plsdnloals `rhondom hon khohmlklot. ^bl Mriup—s slmklothf dogirkhtdio gir oio-aurrlot hsslts hsslt s ds slt iut do oitl 84 84..

 

Hoouhf Plpirt 058>

0 L@D^NH L@D^NH (lhrodoms (lhrodoms `lgirl dotlrlst, thx, nlprladhtdio nlprladhtdio hon hkirtdzhtdio) hon iplrhtdom pri﬈t grik su`sdndhrdls    

058>   058> \Q$k  \Q$k 

0581 \Q$k

‑ Biom Ciom

2

‑ Qbhrl iptdios mrhotln

0.7

0.7

‑ Nlgdoln `lolgdt plosdio pfhos (rlglr oitl 80) oitl  80)  

1.=

>.2

‑ Nlgdoln aiotrd`utdio plosdio pfhos

8.8

5.7

0.0

0

Plothf doaikl (rlglr oitl 4) oitl 4)   Hkirtdzhtdio ig dothomd`fl hsslts (rlglr oitl 2) oitl  2)   Nlprladhtdio ig thomd`fl hsslts (rlglr oitl 4) oitl  4)   Dkphdrklot ig nl`tirs Lkpfiyll `lolgdt lxplosl ‑ Qhfhrdls hon `lolgdts do cdon

 

5.0

(0.=)

‑ Kdodkuk flhsl phyklots

2.=

7.1

‑ Aiotdomlot rlots

.5

80.8

‑ Hundt

8.7

8.<

‑ Oio-hundt slrvdals

5.2

8.8

 

0.>

0.7

  Hundtirs— rlkuolrhtdi rlkuolrhtdio o

^bl dkphat ig Khodfh afisurl do 058> 058> io L@D^NH khdofy doafunln flhsl tlrkdohtdio tlrkdoht dio gll (\Q$85 kdffdio)3 phrtfy iggslt igg slt `y fiss grik iplrhtdios (\Q$8 kdffdio) hon rltrloabklot aists (\Q$< kdffdio). Doafundom tbl wrdtl-igg ig rlkhdodom ﬈xln hsslts tbriumb nlprladhtdio (\Q$= kdffdio), tithf dkphat ig Khodfh afisurl io uonlrfydom pri﬈t whs olmhtdvl \Q$1 kdffdio.

   058> \Q$k  \Q$k 

0581 \Q$k

Dotlrlst lxplosl ‑ @hoc fihos

(82.5))  (82.5

(87.8)

(8.4))  (8.4

(8.>)

(84.4))  (84.4

(8=. Hohfysds `y mlimrhpbdahf hrlh ‑ Itblr Hsdh ‑ ^bl Hklrdahs  

0 ) (8.>)

(0.4)

80.>



(1.

(1.

(88.)) (1.>

(1.>)

80.8

8.8

(5.7)) (5.7

5.<

(5.8 ) (5.8)

(5.0)

5.0

18.<

(80.8)

84.>

(1.5.5

(80.0)) (80.0

0=.2

(1.

< ^hx    

058>   058> \Q$k  \Q$k 

0581 \Q$k

82.2

84.=

5.0

5.8

84.5

84.2

88.7

88.=

‑ Itblr Hsdh

1.5

8.=

‑ Luripl

7.<

7.1

(0.8))  (0.8

5.8

^hx abhrmln ti prigdt hon fiss ds hohfyzln hs giffiws: ‑ Aurrlot thx ‑ Nlglrrln thx (rlglr oitl 81) oitl  81)  

Hohfysds `y mlimrhpbdahf hrlh ‑ Biom Ciom

‑ ^bl Hklrdahs

84.5

84.2

8>.7

8>.2

>.>



^hx fissls oit rlaimodzln

0.=

0.8

]dtbbifndom thx

>.5

8.1

Ivlr privdsdio do prdir ylhrs

(5.8))  (5.8

(5.8)

Itblr

(5.7))  (5.7

5.7

 

Hohfysds `y hatdvdty ‑ Bitlf iwolrsbdp ‑ Bitlf & Plsdnloals `rhondom hon khohmlklot   Plaioadfdhtdio `ltwllo thx lxplosl hon thx ht tbl hppfdah`fl thx rhtl*: ^hx ht hppfdah`fl thx rhtl

 

84.5

84.2

^hx rlfhtdom ti aikpiolots ig itblr aikprlblosdvl doaikl ds hohfyzln hs giffiws: Plklhsurlklots ig nlgdoln `lolgdt pfhos Plvhfuhtdio ig itblr dovlstklot Ahsb gfiw blnmls  

5.4

(5.4)



(5.8)

(5.=)  (5.=) 5.0

(8.).. * ^bl ^bl hppfdah`fl thx rhtl gir tbl ylhr ylh r whs 88% (0581: 81%) hon rlprlslots tbl wldmbtln hvlrhml ig tbl rhtls ig thxhtdio thx htdio prlvhdfdom prlvhdf dom

do tbl tlrrdtirdls do wbdab tbl Mriup iplrhtls. ^bl nlarlhsl do hppfdah`fl thx rhtl whs ahusln `y h abhoml do tbl mlimrhpbda kdx ig tbl Mriup—s prigdth`dfdty.

8,55=.> kdffdio (0581: 8,551.4 8,551.4 kdffdio) sbhrls do dssul nurdom tbl ylhr ylh r (rlglr prdoadphf haaiuotdom haaiuotdom pifday (W)). (W)). ^bl wldmbtln hvlrhml ouk`lr ig sbhrls ds hrrdvln ht hs giffiws:    

Irndohry sbhrls do kdffdios 058>  058>  0581

]ldmbtln hvlrhml ouk`lr ig sbhrls do dssul

8,551.>

8,550.5





8,551.>

8,550.5

>.5 8,55=.>

8.4 8,551.4

Qbhrls blfn `y tbl ^rustll uonlr tbl Qbhrl-`hsln Fiom-tlrk Fiom-tlrk Doalotdvl Ufhos ]ldmbtln hvlrhml ouk`lr ig sbhrls gir `hsda lhrodoms plr sbhrl ahfaufhtdio Hnjustklot gir sbhrls nllkln ti `l dssuln gir oi aiosdnlrhtdio uonlr tbl Qbhrl-`hsln Fiom-tlrk Doalotdvl Ufhos ]ldmbtln hvlrhml ouk`lr ig sbhrls gir ndfutln lhrodoms plr sbhrl ahfaufhtdio

 Hnndtdiohf `hsda hon ndfutln lhrodoms plr sbhrl hrl hfsi ahfaufhtln `hsln io uonlrfydom pri﬈t httrd`uth`fl ti sbhrlbifnlrs. H rlaioadfdhtdio ig lhrodoms ds slt iut `lfiw:          

Urigdt httrd`uth`fl ti sbhrlbifnlrs Oio-trhndom dtlks (rlglr oitl =) oitl =)  

\Q$k

058>  058>  @hsda lhrodoms plr sbhrl \Q¢

4=.5

4.7=

4.71







4=.5

4.7=

4.71

Ndfutln   Ndfutln lhrodoms  lhrodoms  plr sbhrl sbhrl   \Q¢  \Q¢ 

\Q$k

0581 @hsda lhrodoms plr sbhrl \Q¢

Ndfutln lhrodoms plr sbhrl \Q¢

47.1

4.78

4.   058> \Q$k  \Q$k 



0581 \Q$k

1.8

 

Hoouhf Plpirt 058>

2 Dothomd` Dothomd`fl fl hsslts      

Miinwdff \Q$k

Flhslbifn fhon \Q$k

Aikputlr sigtwhrl \Q$k

Nlvlfipklot aists \Q$k

^ithf \Q$k

01.4

7.<

82.5

80.2

78.0

(8.4)

(8>.>)) (8>.>

(0.1) (0.1)

(82.7)

85.<

>0.7

058> Aist Hkirtdzhtdio hon dkphdrklo dkphdrklott Olt `iic vhful ht 8st Jhouhry

‑ 01.4

>.7

1.7

Lxabhoml ndgglrloals





(5.8)

(5.0)) (5.0

(5.1)

Hnndtdios





8.<

>.>

)) (5.>

(0.7)

Olt `iic vhful ht 18st Nlalk`lr

01.4

>.>

1.5

8>.1

>

84.>

87.0

7)

01.4

>.>

1.5

8>.1

>

>0.8

Hnndtdios





8.=

8.>

1.8

Hkirtdzhtdio Hkirtdzhtdi o



(5.0)

(0.8)) (0.8

(5.1)

(0.7)

Hkirtdzhtdio hon dkphdrklot  



(8.4)) (8.4

(05.1)

0581

Olt `iic vhful ht 18st Nlalk`lr

01.4

>.7

1.7

85.<

>0.7

Aist

01.4

7.<

82.5

80.2

78.0

(8.4)

(8>.>)) (8>.>

Hkirtdzhtdio hon dkphdrklot  

‑ 01.4

>.7

1.7

(0.1)

(82.7)

85.<

>0.7

Khohmlklot bhs plrgirkln ho h o dkphdrklot rlvdlw ig tbl ahrrydom ahrr ydom hkiuot ig miinwdff ht 18st Nlalk`lr 058>. 058>. Gir tbl purpisl ig dkphdrklot rlvdlw, miinwdff haqudrln bhs `llo hffiahtln hf fiahtln ti tbl rlsplatdvl bitlfs hon ds rlvdlwln gir dkphdrklot `hsln io dondvdnuhf bitlf girlahst iplrhtdom plrgirkhoal plrgirkh oal hon ahsb ffiws. Ahsb ffiw prijlatdios gir tbl dkphdrklot rlvdlws rlvdlw s hrl `hsln io dondvdnuhf bitlf `unmlts prlphrln io tbl `hsds ig hssukptdios rlfflatdvl ig tbl prlvhdfdom khrclt kh rclt aiondtdios, hon hrl ndsaiuotln hppriprdhtlfy. hppriprdhtlfy. Cly hssukptdios usln gir vhful-do-usl ahfaufhtdios ahfau fhtdios doafunl hvlrhml mriwtb rhtls ig `ltwllo `lt wllo 0% ti 8>% ti lxtrhpifhtl ahsb ffiws ivlr h ﬈vl-ylhr plrdin hgtlr wbdab tbl mriwtb mriwt b rhtl ds hssukln up ti 5 ylhrs

.>



(1.4)

(5.8)) (5.8

(5.1)

(5.>)

(2.0)) (2.0

(0>.8) (0>.8)

(70.>)

Olt `iic vhful ht 18st Nlalk`lr

700.4

02.7

‑ Biom Ciom

(87..8

(>.0)

(70.>))  (70.>

()

(78.>))  (78.>

()

(8.5))  (8.5

(8.5)

(70.>))  (70.>

()

 

0581

Alrthdo Alrth do ig tbl bitlf priplrtdls hrl pflnmln hs slaurdty gir `hoc `irriwdoms `irriwdom s hs sbiwo do oitl 8= 8=.. Hohfysds ig hnndtdios `y mlimrhpbdahf hrlh

‑ Luripl ‑ ^bl Hklrdahs  

Hohfysds ig hnndtdios `y hatdvdty ‑ Bitlf iwolrsbdp ‑ Bitlf & Plsdnloals `rhondom hon khohmlklot  

Hohfysds ig nlprladhtdio `y mlimrhpbdahf hrlh

‑ ^bl Hklrdahs  

Hohfysds ig nlprladhtdio `y hatdvdty ‑ Bitlf iwolrsbdp ‑ Bitlf & Plsdnloals `rhondom hon khohmlklot  

   058> \Q$k  \Q$k 

0581 \Q$k

Fdstln hssiadhtl ‑ IB^F \ofdstln hssiadhtls

82.2 ==.1

84.7 2.1

Plphyklot ig fihos ti hssiadhtls (rlglr oitl 0>a) oitl  0>a)

858.7

 

‑ 885.2

^bl khtlrdhf hssiadhtls hssiadhtl s ig tbl Mriup hrl fdstln `lfiw. ^blsl hssiadhtls bhvl sbhrl ahpdthf aiosdstdom siflfy ig irndohry irndohr y sbhrls, wbdab hrl blfn ndrlatfy ndrlat fy `y tbl Mriup. Ohturl ig dovlstklots do khtlrdhf khtlrdh f hssiadhtls do 058> hon 0581: 0581:       Ohkl ig lotdty

Ohturl ig `usdolss

Aiuotry ig doairpirhtdio/  prdoadphf pfhal ig `usdolss

IB^F UAF (‒IB^F—)

Iwolr ig Khonhrdo Irdlothf, @homcic

^bhdfhon

>>.4% 

>>.4%

Khrdoh @hy Bitlf Urdvhtl Ftn.

Iwolr ig Khonhrdo Irdlothf, Qdomhpirl

Qdomhpirl

 

(‒Khrdoh @hy Bitlf—)

 Hs ht 18st 18st Nlalk`lr 058>, 058>, tbl ghdr vhful ig tbl Mriup—s Mriup—s dotlrlst do IB^F, wbdab ds fdstln io tbl ^bhdfhon ^bhdfh on Qtiac Lxabhoml, whs wh s \Q$20.> \Q$ 20.> kdffdio (0581: \Q$==.0 kdffdio) hon tbl ahrrydom ahrry dom hkiuot ig tbl Mriup—s Mriup—s dotlrlst whs \Q$0>.1 kdffdio kdf fdio (0581: (0581: \Q$ 0 (0581: \Q$2.7 \Q$2 .7 kdffdio). ^blrl wlrl oi aiotdomlot fdh`dfdtdls f dh`dfdtdls rlfhtdom rlfhtdo m ti tbl Mriup—s dotlrlst do hssiadhtls hs h s ht 18st Nlalk`lr 058>. 058>.

 

Hoouhf Plpirt 058>

85 Hssiadhtls aiotdouln  Qukkhrdzln ﬈ohoadhf dogirkhtdio gir khtlrdhf hssiadhtls  Qukkhrdzln `hfhoal sbllt ht 18st Nlalk`lr       

IB^F

Khrdoh @hy Bitlf 058>  058>  0581 \Q$k   \Q$k \Q$k

^ithf

058>  058>  \Q$k   \Q$k

0581 \Q$k

8.5

840.5

058.=

Ahsb hon ahsb lqudvhflots

7.>

2.1

1.4

2.>

85.1

87.=

Itblr aurrlot hsslts

>.5

>.2

1.2

1.4

=.2

2.=

^ithf aurrlot hsslts

85.>

81.8

=.=

80.1

82.8

0

(0.2) (1>.2)

(1.2)

Oio-aurrlot hsslts

058>  058>  \Q$k   \Q$k

0581 \Q$k

Aurrlot hsslts

Oio-aurrlot fdh`dfdtdls Gdohoadhf fdh`dfdtdls* fdh`dfdtdls*

(85.7))  (85.7



(1.4))  (1.4

(>.5) (>.5)

(1.1) 

(1.=) (1.=)

(=.0) 

(=.=)

^ithf oio-aurrlot fdh`dfdtdls

(8>..<

(>.5) (>.5)

(02.1) 

(12.0..2

811.1

817.5

Lxafundom trhnl t rhnl hon itblr phyh`fls hon privdsdios, wbdab wb dab hrl prlslotln uonlr itblr aurrlot hon oio-aurrlot oio-aur rlot fdh`dfdtdls. * Lxafundom

Qukkhrdzln sthtlklot ig aikprlblosdvl doaikl gir tbl ylhr lonln 18st Nlalk`lr       

Plvloul

IB^F 058>  058>  \Q$k   \Q$k

0581 \Q$k

  058>  0581 \Q$k   \Q$k \Q$k

2>.>

8>1.1

8

817.5

814.<

7.=

00.<

8

7

=8.0

=0.<

^bl Mriup bhs dotlrlsts do h ouk`lr ig dondvdnuhffy dkkhtlrdhf hssiadhtls. ^bl giffiwdom th`fl hohfyzls, do hmmrlmhtl, tbl sbhrl ig pri﬈t hon itblr aikprlblosdvl aikprlblosdvl doaikl hon ahrrydom ahrryd om hkiuot ig tblsl hssiadhtls.    

Qbhrl ig prigdt Qbhrl ig itblr aikprlblosdvl doaikl Ahrrydom hkiuot ig dotlrlsts do tblsl hssiadhtls

058>   058> \Q$k  \Q$k 

0581 \Q$k

8.0

0.5

(8.>))  (8.>

(0.0)

15.>

* Nurdom Nurdom 0581, IB^F rlpurabhsln rlpurabhsl n sikl ig dts iwo sbhrls. ^bl ouk`lr ig IB^F sbhrls sbhrl s blfn `y tbl Mriup rlkhdoln uoabhomln. uoa bhomln.

 Hs h rlsuft ig tbl sbhrl rlpurabhsl, oitdiohf miinwdff miinwdf f ig \Q$=.7% >=.7%..

12.1

 

Hoouhf Plpirt 058>

88 Fihos rlaldvh`fl  Hs ht 18st 18st Nlalk`lr 058 058>, >, tbl fihos rlaldvh`fl aikprdsln aikprdsln (d) h fiho ig \Q$0 \Q$0.> .> kdffdio, `lhrdom dotlrlst ht L\PI FD@IP + 0%3 hon (dd) h fiho ig \Q$8. \Q $8.< < kdffdio, `lhrdom dotlrlst ht 85%3 85% 3 io wbdab guff privdsdios bhvl `llo khnl.

80 Ulosdio pfhos ^bl Mriup iplrhtls nl﬈oln `lol﬈t plosdio pfhos do tbl khdo kh do tlrrdtirdls do wbdab dt iplrhtls, wdtb tbl t bl khjirdty ig tbl pfhos do Biom Ciom. Kist ig tbl plosdio pfhos hrl ﬈ohf shfhry shfh ry nl﬈oln `lol﬈t pfhos ahfaufhtln ahfau fhtln `hsln io h klk`lrs— flomtb ig slrvdal slrv dal hon tbldr shfhrdls shfhr dls do tbl ﬈ohf ylhrs flhndom flhn dom up ti rltdrlklot. Do Biom Ciom, tbl plosdio `lol﬈ts hrl phdn do iol fukp suk. ]dtb tbl lxalptdio ig alrthdo alrth do pfhos do Biom Ciom, hff tbl nl﬈oln `lol﬈t pfhos hrl afisln ti olw klk`lrs. Do hnndtdio, hftbiumb hff pfhos hrl dkphatln `y tbl ndsaiuot rhtl, fdh`dfdtdls fdh`df dtdls hrl nrdvlo `y shfhry shfhr y mriwtb. ^bl Mriup—s Mriup—s nl﬈oln `lol﬈t pfhos hrl ldtblr guonln g uonln ir uoguonln, uogu onln, wdtb tbl hsslts hs slts ig tbl guonln gu onln pfhos blfn donlplonlotfy ig tbl Mriup—s Mriup—s hsslts do slphrhtl trustll tr ustll hnkdodstlrln hnkdo dstlrln guons. Ufho hsslts hsslt s blfn do trusts hrl mivlroln `y fiahf rlmufhtdios rlmuf htdios hon prhatdal do lhab aiuotry. a iuotry. Plspiosd`dfdty gir mivlrohoal ig tbl pfhos, pfh os, doafundom dovlstklot nladsdios hon aiotrd`utdio sablnufls, fdls jidotfy wdtb tbl t bl aikphoy hon tbl `ihrns ig trustlls. tr ustlls. ^bl ^ bl Mriup—s Mriup—s khjir pfhos hrl vhfuln `y donlplonlot hatuhrdls hoouhffy usdom tbl prijlatln uodt arlndt kltbin. ^bl hkiuots rlaimodzln do tbl aiosifdnhtln `hfhoal sbllt hrl hs giffiws:    

Ghdr vhful ig pfho hsslts Urlslot vhful ig guonln i`fdmhtdios Olt plosdio hsslts

058>   058> \Q$k  \Q$k 

0581 \Q$k

74.>

=8.4

(70.8))  (70.8

(.>

Hohfysds ig olt plosdio hsslts Ulosdio hsslts Ulosdio fdh`dfdtdls  

‑ =.1

(5.7) 81.2

71

 

7>

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Oitls ti tbl Gdohoadhf Qthtlklots Aiotdouln 

80 Ulosdio pfhos aiotdouln  ^bl kivlklot do tbl olt plosdio hsslts ds hs giffiws: giffiws :        

Ghdr vhful ig pfho hsslts \Q$k

Urlslot vhful ig i`fdmhtdio \Q$k

^ithf \Q$k

058> Ht 8st Jhouhry Aurrlot slrvdal aist Dotlrlst doaikl/(l doaikl/(lxplosl) xplosl) Uhst slrvdal aist hon fissls io slttflklots   Lxabhoml ndgglrloals Hnkdodstrhtdio Hnkdodstrhtd io lxplosls

81.2

=8.4

(.5

(>.5)

1.8

(0..=





85.1 ‑

(5.0)) (5.0



(5.0)

(8.1)) (8.1



(8.1)

Plklhsurlklots ‑ rlturo io pfho hsslts, lxafundom hkiuots doafunln do dotlrlst doaikl/(lxplos l) ‑ abhoml do gdohoadhf hssukptdios



(1.8)) (1.8

(1.8)

‑ lxplrdloal fissls



(8.0)) (8.0

(8.0)

(>.1) (>.1)

(

(70.8) (70.8)

=.1

72.<

(.8

(>.8)

0.>

(0.5)) (0.5

5.>



(5.4)) (5.4

(5.4)

 

=5.4

(7>.4)) (7>.4

Lxabhoml ndgglrloals

(5.0)) (5.0

5.0

Hnkdodstrhtdio Hnkdodstrhtd io lxplosls

(5.0)) (5.0



(5.0)

1.7



1.7

‑ abhoml do gdohoadhf hssukptdios



1.8

1.8

‑ lxplrdloal fissls



(8.0)) (8.0

(8.0)

Ht 18st Nlalk`lr 0581 Ht 8st Jhouhry Aurrlot slrvdal aist Dotlrlst doaikl/(l doaikl/(lxplosl) xplosl) Uhst slrvdal aist hon fissls io slttflklots

7.5 ‑

Plklhsurlklots ‑ rlturo io pfho hsslts, lxafundom hkiuots doafunln do dotlrlst doaikl/(lxplos l)

 

1.7

8.4



80>.=

81>.<

Flss tbho h ylhr

 

^bl prdoadphf hatuhrdh f hssukptdios usln gir haaiuotdom purpisls ht 18st 18st Nlalk`lr hrl hs giffiws:      

Biom Ciom 058>  058>  % 

0581 %

Ndsaiuot rhtl

1.>

>.>

Qhfhry mriwtb rhtl









=.>











058> Xuitln dovlstklots   Lqudty dostruklots   Nl`t dostruklots   ‑ mivlroklot   ‑ airpirhtl `ions  

‑ dovlstklot mrhnl











 

‑ oio-dovlst klot mrhnl











 











 











  Dovlstklot guons

5.>

7.<

88.1

0.2

08.5

 

=.2

7.<

88.1

0.2

02.>











0.1

7.>

0.4

5.7

80.0

5.1

8.5

8.<



0.2



0.5

1.0



.=



2.5

 

0.7

4.>

=.7

5.7

05.0

  Dovlstklot guons

5.8





05.8

05.0

 

0.=

4.>

=.7

05.=

>5.>

85.<

8

 

Hoouhf Plpirt 058>

80 Ulosdio pfhos aiotdouln  ^bl hohfysds hohfy sds ig tbl ghdr vhful ig pfho hsslts ht 18st 18st Nlalk`lr ds hs giffiws:      

Hsdh Uhadgda \Q$k

Luripl \Q$k

Oirtb Hklrdah \Q$k

Mfi`hf \Q$k

^ithf \Q$k

80.<

5.8





80.7











0581 Xuitln dovlstklots   Lqudty dostruklots   Nl`t dostruklots   ‑ mivlroklot   ‑ airpirhtl `ions  

‑ dovlstklot mrhnl











 

‑ oio-dovlstk lot mrhnl











 











 











8.<

2.5

8, >8% >8% hon 7% >7 % rlsplatdvlfy. ^bl bdmb plralothml plralothm l ig quitln dostruklots dostru klots privdnls fdqudndty ti guon nrhwniwos hon `lol﬈t phyklots. ]dtbdo tbl quitln lqudty hffiahtdio, tbl pfho ds wlff ndvlrsd﬈ln do tlrks ig slatirs, wdtb tbl tip tbrll `ldom ﬈ohoadhfs, donustrdhfs donustrdh fs hon aiosuklr miins wdtb h aik`doln ghdr vhful vh ful ig \Q$. 058>. Khohmlklot `lfdlvl tbl t bl fiom-tlrk ohturl ig tbl pfho fdh`dfdtdls fdh`dfdtdl s hon tbl strlomtb strlom tb ig tbl Mriup suppirts h flvlf ig lqudty dovlstklot dovlst klot hs phrt ig tbl Mriup—s fiom fiom tlrk strhtlmy strhtlm y ti khohml tbl pfhos lg﬈adlotfy lg ﬈adlotfy.. Abhoml do `ion ydlfns  H nlarlhsl do airpirhtl `ion ydlfns wdff doarlhsl pfho fdh`dfdtdls, hftbiumb tbds wdff `l phrtdhffy iggslt `y ho doarlhsl do tbl vhful ig tbl pfhos— pfho s— `ion bifndoms. bifndoms. Doffhtdio rdsc  ^bl khjirdty ig tbl Mriup—s Mriup—s pfho hsslts hrl uohgglatln uoh gglatln `y doffhtdio. doffht dio.

^bl Mriup losurls tbht tbl dovlstklot pisdtdios hrl khohmln wdtbdo ho hsslt-fdh`dfdty kinlfdom (‒HFK—) grhklwirc tbht ds nlvlfipln ti habdlvl fiom-tlrk rlturos tbht hrl do fdol wdtb tbl t bl i`fdmhtdios uonlr tbl plosdio sablkls. ]dtbdo tbl HFK HF K grhklwirc, tbl t bl Mriup—s Mriup—s i`jlatdvl ds ti khtab hsslts ti tbl t bl plosdio i`fdmhtdios `y dovlstdom do h wlff-ndvlrsd﬈ln wlff-ndvlrsd ﬈ln pirtgifdi tbht mlolrhtls mlolrhtl s sug﬈adlot rdsc-hnjustln rlturos tbht khtab tbl `lol﬈t phyklots. ^bl Mriup hfsi hatdvlfy kiodtirs tbl nurhtdio hon tbl lxplatln ydlfn ig tbl dovlstklots ti losurl dt khtabls tbl lxplatln ahsb iutffiws hrdsdom grik tbl plosdio i`fdmhtdios. Dovlstklots hariss tbl pfhos hrl wlff ndvlrsd﬈ln, suab tbht tb ht tbl ghdfurl ig hoy sdomfl dovlstklot wiufn oit bhvl h khtlrdhf dkphat io tbl ivlrhff flvlf ig hsslts. ^bl Mriup khdothdos ho hatdvl hon rlmufhr rlmu fhr aiotrd`utdio sablnufl hariss hff tbl pfhos. ^bl aiotrd`utdios ti hff dts pfhos do 058> 058> whs \Q$8.4 \Q $8.4 kdffdio hon tbl lstdkhtln lst dkhtln hkiuot ig aiotrd`utdios lxplatln lx platln ti `l phdn ph dn ti hff dts pfhos pfh os do 058< 058< ds \Q$0.1 kdffdio.

 

Hoouhf Plpirt 058>

81 Nlglrrln thx (hsslts)/fdh`dfdtdls      

Haalflrhtln thx

Ghdr vhful

   

nlprladhtdio \Q$k

mhdos/fissls \Q$k

Fissls \Q$k

Lkpfiyll

\orlkdttln lhrodoms do

Urivdsdios hon itblr tlkpirhry

`lolgdts \Q$k

hssiadhtls \Q$k

ndgglrloals \Q$k

^ithf \Q$k

0.0

8.=

5.=

70.>





058> Ht 8st Jhouhry

75.1

Lxabhoml ndgglrloals

(0.>)) (0.>



5.0

Abhrmln/(arlndtln) ti Abhrmln/(arlndtln) prigdt hon fiss

5.0



5.8

(5.8)



5.=



(5.4 )

Abhrmln/(arlndtln) ti itblr Abhrmln/(arlndtln) aikprlblosdvl doaikl Ht 18st Nlalk`l Nlalk`lrr

)) (8.>

(5.>)

(8.8)) (8.8

8.0

(5.)

0.0

Nlglrrln thx hsslts

(5.8)) (5.8

(8.0) (8.0)

(8.>)

(5.0)) (5.0

Nlglrrln thx fdh`dfdtdl fdh`dfdtdlss

75.>

5.8

 

75.1

(8.8)) (8.8

‑ (8.>)



0.>

8.=

5.4

7

Nlglrrln thx `hfhoals prlnikdohotfy aikprdsl oio-aurrlot dtlks. Nlglrrln thx hsslts hon fdh`dfdtdls hrl olttln wblo tbl thxls rlfhtl ti tbl shkl thxhtdio hutbirdty hon wblrl iggslttdom ds hffiwln. Nlglrrln thx th x hsslts ig \Q$>0.> \Q$> 0.> kdffdio (0581: \Q$>=.< \Q$>=.< kdffdio) hrdsdom grik uousln thx fissls ig \Q$8=5.2 kdffdio (0581: \Q$055.5 kdffdio) bhvl oit `llo rlaimodzln do tbl ﬈ohoadhf sthtlklots. Lxpdry nhtls gir nlglrrln thx hsslts oit rlaimodzln do rlfhtdio ti uousln thx fissls:    

058>   058> \Q$k  \Q$k 

0581 \Q$k

]dtbdo iol ylhr

8.5

8.<

@ltwllo iol hon gdvl ylhrs

4.5

4.0

Ivlr gdvl ylhrs

1.<

7.1

]dtb oi lxpdry nhtls

02.4

15.<

 

>0.>

>=.<

Nlglrrln thx hsslts ig \Q$1.7 kdffdio (0581: \Q$1.2 kdffdio) bhvl oit `llo rlaimodzln do rlfhtdio ti tlkpirhry ndgglrloals do su`sdndhrdls. ^bl Mriup bhs oi uorlaimodzln nlglrrln thx fdh`dfdtdls hrdsdom io tlkpirhry ndgglrloals hssiadhtln wdtb dovlstklots do su`sdndhrdls hs ht 18st Nlalk`lr 058>. 058>. Do 0581, nlglrrln nlglrrln thx th x fdh`dfdtdls ig \Q$ 5.> kdffdio hrdsdom io tlkpirhry tlkpirhr y ndgglrloalss hssiadhtln wdtb dovlstklots do su`sdndhrdls ig \Q$1.2 kdffdio ndgglrloal kd ffdio bhn oit `llo rlaimodzln hs tblrl ds oi aurrlot

74

dotlotdio ig rlkdttdom tbl rlthdoln lhrodoms lhr odoms ig tblsl su`sdndhrdls ti tbl bifndom aikphodls do tbl girlsllh`fl girlsll h`fl guturl.

 

=5

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Oitls ti tbl Gdohoadhf Qthtlklots Aiotdouln 

8> Nl`tirs hon prlphyklots    

^rhnl nl`tirs ‑ tbdrn phrtdls ‑ hssiadhtls   ‑ privdsdio gir dkphdrklot  

058>   058> \Q$k  \Q$k 

0581 \Q$k

17.4

12.5

>.1

>.0

>8.0

>0.0

(8.>))  (8.>

(5.2)

14.2

>8.>



Itblr nl`tirs** nl`tirs**

01.> 71.0

84.=

 

78.8

** Lxafundom Lxafundom prlphyklots, prlphy klots, rlothf hon itblr nlpisdts.

^bl hvlrhml arlndt plrdin io privdsdio ig slrvdals vhrdls vh rdls hkiom Mriup `usdolssls hon ds mlolrhffy mlolrhf fy oit kirl tbho 15 nhys. @lgirl haalptdom hoy olw austiklr, dondvdnuhf Mriup `usdolss hsslssls tbl pitlotdhf austiklr—s arlndt quhfdty hon slts arlndt fdkdts `y austiklr usdom dotlrohf arlndt sairdom systlks. ^blsl ^bl sl fdkdts hon sairdom hrl rlvdlwln plrdindah ffy.  Ho hffiwhoal gir dkphdrklot ig ig trhnl nl`tirs ds khnl `hsln io tbl lstdkhtln drrlaivlrh`fl hkiuot. Qdmod﬈ahot ﬈ohoadhf ndg﬈auftdls ndg﬈au ftdls ig tbl nl`tir, nl`tir, pri`h`dfdty tbht tbl nl`tir wdff lotlr `hocruptay `hoc ruptay ir ﬈ohoadhf rlirmhodzhtdio, rlirmh odzhtdio, hon nlghuft ir nlfdoquloay do phyklot hrl aiosdnlrln dondahtirs tbht tbl t bl nl`tir ds dkphdrln.

 

Hoouhf Plpirt 058>

8> Nl`tirs hon prlphyklo prlphyklots ts aiotdouln   Ht 18st 18st Nlalk`lr 058>, 058>, trhnl nl`tirs ig \Q$8.7 kdffdio (0581: (0581: \Q$8.5 kdffdio) hon itblr nl`tirs ig \Q$0.= kdffdio (0581: \Q$1.= kdffdio) wlrl dkphdrln. ^bl hkiuots ig tbl privdsdio wlrl \Q$8.> kdffdio (0581: (0581: \Q$ 5.2 kdffdio) hon \Q$0.< \Q$0 .< kdffdio (0581: (0581: \Q$1.7 kdffdio), kdf fdio), rlsplatdvlfy. Dt whs hsslssln hsslssl n tbht h pirtdio ig tbl nl`tirs ds lxplatln ti `l rlaivlrh`fl. ^bl hmldom hohfysds hoh fysds ig tblsl nl`tirs ds hs giffiws:      

^rhnl nl`tirs 058>  058>  \Q$k   \Q$k

Itblr nl`tirs 0581 \Q$k

058>  058>  \Q$k   \Q$k

0581 \Q$k

5.8



5.0

5.8

@ltwllo 18 hon 75 nhys









@ltwllo 78 hon 45 nhys









Ivlr 45 nhys

8.<

8.5

0.<

1.7

 

8.7

8.5

0.=

1.=

@lfiw 15 nhys

 Ht 18st 18st Nlalk`lr 058>, 058>, trhnl nl`tirs ig \Q$4.< kdffdio (0581: (0581: \Q$=.5 kdffdio) hon itblr nl`tirs nl`tirs ig \Q$1.7 kdffdio (0581: \Q$8.= kdffdio), rlsplatdvlfy, wlrl phst nul `ut oit dkphdrln. ^bl hmldom hohfysds h ohfysds ig tblsl tbl sl nl`tirs ds hs giffiws:     

058>   ^rhnl nl`tirs 0581 058> \Q$k  \Q$k  \Q$k

058>   Itblr nl`tirs 0581 058> \Q$k  \Q$k  \Q$k

@lfiw 15 nhys

0.7

0.1

8.4

5.4

@ltwllo 18 hon 75 nhys

0.4

0.7

5.7

5.0

@ltwllo 78 hon 45 nhys

0.2

8.0

5.<

5.0

Ivlr 45 nhys

8.0

5.4

5.7

5.>

 

4.<

=.5

1.7

8.=

^bl rdsc ig trhnl nl`tirs hon itblr nl`tirs tbht t bht hrl oldtblr phst nul oir dkphdrln ht 18st Nlalk`lr 058> 058> `laikdom dkphdrln ds fiw hs tbly bhvl h miin trhac rlairn wdtb tbl Mriup. @hsln io phst lxplrdloal, khohmlklot `lfdlvls tbht oi dkphdrklot hffiwhoal ds olalsshry olalssh ry do rlsplat ig tblsl `hfhoals `h fhoals hs tblrl bhs bh s oit `llo h sdmod﬈ah sdmod﬈ahot ot abhoml do arlndt quhfdty hon tbl `hfhoals hrl stdff aiosdnlrln guffy rlaivlrh`fl. Kivlklots do tbl privdsdios gir dkphdrklot hrl hs giffiws:      

^rhnl nl`tirs 058>  058>  \Q$k   \Q$k

Itblr nl`tirs 0581 \Q$k

058>  058>  \Q$k   \Q$k

0581 \Q$k

Ht 8st Jhouhry

(5.2) 

(8.>)

(1.7))  (1.7

(1.4)

Hnndtdiohf privdsdios

(5.=) 

(5.8)

(5.>))  (5.>

(5.) 

(5.2)

(0. Nl`tirs hon hon prlphyklots prlphyklots aiotdouln  Itblr nl`tirs nl`tirs hrl gurtblr gur tblr hohfyzln hs giffiws:    

058>   058> \Q$k  \Q$k 

0581 \Q$k

0.0

0.7

Itblr rlaldvh`fls

08.0

8=.8

Gdohoadhf hsslts

01.>

84.=

Urlphyklots

80.7

=.1

Plothf hon itblr nlpisdts

82.8

1.4

5.7

8.>

.=

10.1

058>    058> \Q$k \Q$k 

0581 \Q$k

Itblr hkiuots nul grik hssiadhtls

Itblr  

Oi nl`tirs hon prlphyklots bhvl `llo pflnmln hs slaurdty.

8< Ahsb ht `hoc `hoc  

00=.>

081.4

@hoc `hfhoals

47.8

858.1

Ahsb `hfhoals

8.8

8.0

10>.7

187.>

Luri

11.>

0>.1

Biom Ciom niffhr

8.5

80.8

0.>

8.4

8=.1

81.8

\odtln Qthtls niffhr Itblr

008.1 =.<

008.> 2.0

 

10>.7

187.>

Nlpisdts wdtb `hocs hon gdohoadhf dostdtutdios

 

Hohfysds `y aurrloay

Qwdss grhoa \odtln Cdomnik stlrfdom

^bl wldmbtln hvlrhml dotlrlst rhtl io nlpisdts wdtb `hocs hon ﬈ohoadhf ﬈oh oadhf dostdtutdios ds 5.4% (0581: (0581: 5.7%) plr hoouk. ho ouk.

 

Hoouhf Plpirt 058>

87 Arlndtir Arlndtirss hon haaruhfs    

058>   058> \Q$k  \Q$k 

0581 \Q$k

^rhnl arlndtirs Haaruhfs

1>.1 =8.5

11.2 =

80.8



1.<

08.0

85.1

Plothf doaikl rlaldvln do hnvhoal

0.0

0.0

Itblr doaikl rlaldvln do hnvhoal

0.<

>.<

8>>.7

8>=.5

Luri

8.<

\odtln Qthtls niffhr

1>.8

10.0

>.7

8>=.5

Nlrdvhtdvl gdohoadhf dostruklots (rlglr oitl 0 Ahrrydom hkiuot

058>   058> Ghdr  Ghdr  vhful  vhful 

0581 Ahrrydom hkiuot

0581 Ghdr vhful

\Q$k

\Q$k  \Q$k 

\Q$k

\Q$k

Aurrlot

5.1

5.1

5.=

5.=

088.5

088.5

4.5

4.5

.1

8,>70.1

8,

05 Qbhrl ahpdthf    

Irndohry sbhrls do kdffdios 058>   058>

0581

 

058>   058>

0581

\Q$k   \Q$k

\Q$k

Hutbirdzln: Qbhrls ig \Q¢, 058>, aiondtdiohf hwhrns ig d)  ^bl 058> 8,245,555 sbhrls (058 (0 581: 1: odf) wlrl hwhrnln uonlr tbl 058> F^DU. F^DU. \onlr \onlr tblsl hwhrns, hwhrn s, tbl grll sbhrls sbh rls hrl rlaldvln `y tbl phrtdadphots ti tbl lxtlot tbl hwhrn vlsts. vlst s. Aiondtdios, dg hoy, hoy, hrl ht tbl ndsarltdio ig tbl Ndrlatirs. ^bl ghdr vhful ig tbl sbhrl hwhrns mrhotln mrh otln nurdom tbl ylhr whs \Q$0.2 \Q $0.2 kdffdio kdf fdio (0581: (0581: odf). ^bl ^ bl doputs doti tbl ndsaiuotln ahsb ffiw vhfuhtdio kinlf wlrl sbhrl sbh rl prdal ig \Q$8.=8< \Q$8.=8< ht tbl mrhot mrh ot nhtl, ndvdnlon ydlfn ig >.1%, >.1% , hon hoouhf rdsc-grll dotlrlst rhtl ig 0.5%. hniptdio ig tbl 058> 058> F^DU, F^DU, ^bl Khonhrdo Irdlothf Dotlrohtdiohf Dotlrohtdioh f Qbhrl Iptdio Ufho 055< (tbl ‒055< dd)  Urdir ti tbl hniptdio Ufho—) privdnln slflatln lxlautdvls wdtb w dtb iptdios ti purabhsl irndohry irndohr y sbhrls do tbl t bl Aikphoy. ^bl lxlradsl prdal ig tbl mrhotln iptdios whs `hsln io tbl hvlrhml khrclt prdal gir tbl ﬈vl trhndom nhys nhy s dkklndhtlfy prlalndom tbl nhtl ig mrhot ig tbl iptdios. Iptdios hrl vlstln ivlr h plrdin ig up ti tbrll ylhrs yl hrs hon hrl lxlradsh`fl lxlradsh `fl gir up ti tlo ylhrs giffiwdom tbl nhtl ig mrhot.

==

 

=2

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Oitls ti tbl Gdohoadhf Qthtlklots Aiotdouln 

00 Qbhrl-`hs Qbhrl-`hsln ln Fiom-tlrk Doalotdvl Ufho aiotdouln  Kivlklots ig tbl iutsthondom iptdios nurdom tbl ylhr:        

Ht 8st Jhouhry Mrhotln

058>   058> ]ldmbtln hvlrhml lxlradsl prdal  prdal  \Q$   \Q$

Iptdios   Iptdios do kdffdios kdffdios  

0581 ]ldmbtln hvlrhml lxlradsl prdal \Q$

Iptdios do kdffdios

8.72

17.<

8.70

1

(1.8)  (1.8)

8.54

(1.4)

Plpurabhsln hon ahoalffln

0.51

(8.5)  (8.5)

8.

8.72

17.<

^bl hvlrhml sbhrl prdal nurdom tbl ylhr ylh r whs \Q$8.== (0581: (0581: \Q$8.7   058>

0581

0587

8.5-8.>

5.1

8.5

058=

8.4

1.7

1.7

0582

8.8-8.=

7.2

=.7

0584

5.=

8.<

8.=

0505

8.>

1.2

>.=

0508

0.8

>.<



=.8

0501

8.=

\Q$ 0.> kdffdio, wbdab whs nltlrkdoln usdom tbl ^rdoikdhf vhfuhtdio kinlf. ^bl sdmod﬈ahot sdmod﬈ah ot doputs doti tbl kinlf, `hsln io tbl wldmbtln hvlrhml ouk`lr ig iptdios dssuln, wlrl sbhrl prdal ig \Q$8.77 ht tbl mrhot nhtl, lxlradsl prdal sbiwo h`ivl, lxplatln vifhtdfdty `hsln io tbl fhst slvlo ylhrs ig 1>% , ndvdnlon ydlfn ig >.1%, iptdio fdgl ndsafisln h`ivl, hon hoouhf rdsc-grll dotlrlst rhtl ig 0.5% . Iptdios hrl hssukln ti `l lxlradsln ht tbl lon ig tbl slvlotb ylhr giffiwdom tbl nhtl ig mrhot.

 

Hoouhf Plpirt 058>

01 Ndvdnlons    

058>   058> \Q$k  \Q$k 

0581 \Q$k

Gdohf ndvdnlon do rlsplat ig 0581 ig \Q¢ Uisdtdvl ghdr vhful \Q$k

Olmhtdvl   Olmhtdvl ghdr vhful vhful   \Q$k

0581 Uisdtdvl ghdr vhful \Q$k   \Q$k

Olmhtdvl ghdr vhful \Q$k

Nlsdmohtln hs ahsb gfiw blnmls ‑ dotlrlst rhtl swhps hon ahps



1.5



=.5

Ht 18st Nlalk`lr



1.5



=.5

Oio-aurrlot



1.5



1.<

Aurrlot (rlglr oitl 87) oitl 87)  







1.<

Ht 18st Nlalk`lr



1.5



=.5

^bl oitdiohf prdoadphf hkiuots ig tbl iutsthondom iutst hondom dotlrlst rhtl r htl swhp hon ahp aiotrhats ht 18st Nlalk`lr 058> 058> wlrl \Q$157.2 kdffdio (0581: \Q$182.7 kdffdio).  Ht 18st 18st Nlalk`lr 058 058>, >, tbl ﬈xln dotlrlst rhtls rlfhtdom ti dotlrlst dotlrlst rhtl swhps hon ahps vhry grik 8.5% 8.5% ti 0.4% (0581: 8.5% ti =.5%) =.5%).. ^bl ghdr vhfuls ig dotlrlst rhtl swhps hrl `hsln `hsl n io tbl lstdkhtln ahsb ffiws ndsaiuotln ht khrclt rhtls rhomdom rh omdom grik 5.0% ti 8.=% (0581: 5.0% ti 8. 8.8%) 8%) plr hoouk.

07 Gdohoadhf muhrhotll    

Muhrhotll do rlsplat ig ghadfdtdls khnl hvhdfh`fl ti ho hssiadhtl

058>   058> \Q$k  \Q$k 

0581 \Q$k

08.7

08.1

^bl muhrhotll muhr hotll do rlsplat ig ghadfdtdls khnl hvhdfh`fl ti ho hssiadhtl ds sthtln ht dts aiotrhatln hkiuot. ^bl Ndrlatirs hrl ig tbl ipdodio tbht dt ds oit pri`h`fl tbht tbds tb ds muhrhotll muhrh otll wdff `l ahffln upio.

 

Hoouhf Plpirt 058>

0= Aikkdtklots    

058>   058> \Q$k  \Q$k 

0581 \Q$k

Ahpdthf aikkdtklots: 814.2

4.0

07.=

88.4

877.<

08.8

‑ nul wdtbdo iol ylhr

7.4

2.4

‑ nul `ltwllo iol hon twi ylhrs

7.>

=.<

‑ nul `ltwllo twi hon tbrll ylhrs

7.0

7.2

‑ nul `ltwllo tbrll hon giur ylhrs

4.0

Hutbirdzln oit aiotrhatln Aiotrhatln oit privdnln  

Iplrhtdom flhsl aikkdtklots: ^ithf aikkdtklots uonlr iplrhtdom flhsls

‑ nul `lyion gdvl ylhrs  

Oi guturl su`flhsl phyklots hrl rlaldvh`fl rlfhtdom ti tbl h`ivl iplrhtdom flhsls flh sls (0581: odf). Iplrhtdom flhsl flh sl aikkdtklots prdoadphffy doafunl d oafunl phyklots do rlsplat ig tbl t bl Mriup—s Mriup—s bitlf do ^icyi. ^icyi. Do hnndtdio, tbl Mriup bhs iplrhtdom flhsl aikkdtklots a ikkdtklots wdtb rlothfs rlothf s nltlrkdoln do rlfhtdio ti shfls. shfl s. Dt ds oit pissd`fl ti quhotdgy haaurhtlfy guturl rlothfs phyh`fl uonlr suab flhsls.

02 Haqud Haqudsdtdio sdtdio ig Uhrds grllbifn dotlrlst Io 2tb Gl`ruhry Gl`ruhr y 0581, 0581, tbl Mriup aikpfltln tbl haqudsdtdio ig tbl grllbifn dotlrlst do tbl `udfndom `udfnd om biusdom Khonhrdo Irdlothf, Irdloth f, Uhrds hon twi prdkl strllt-griot rlthdf uodts grik Qiadätä Gioadârl Fyioohdsl Fyioohdsl gir ₦045.5 kdffdio (\Q$122.4 (\Q$ 122.4 kdffdio). ^bl Mriup bhn phdn ₦85.5 ₦85.5 kdffdio (\Q$81.8 kdffdio) hnvhoal nlpisdt do fhtl 05803 hon tbl rlkhdodom `hfhoal `h fhoal timltblr wdtb trhoshat t rhoshatdio dio lxplosls ig \Q$ (0581: \Q$ 5.0 kdffdio). Nurdom 058>, tbl Mriup khohmln ﬈vl (0581: ﬈vl) hssiadhtl bitlfs hon rlaldvln khohmlklot kh ohmlklot glls ig \Q$8>.1 kdffdio (0581: \Q$8. ^bl Mriup usls Jhrndol Ffiyn ^bikpsio (‒JF^—), ho hssiadhtl h ssiadhtl ig JKB, ti pfhal alrthdo ig dts dosurhoal. @riclrhml glls hon aikkdssdios, olt ig rl`htls, phdn `y tbl t bl Mriup do 058> 058> ti JF^ hkiuotln ti \Q$5.2 \Q$ 5.2 kdffdio (0581: \Q$5.7 \Q$ 5.7 kdffdio). ^bl Mriup bhs oi iutsthondom `hfhoal `h fhoal wdtb JF^ J F^ hs ht 18st 18st Nlalk`lr 058> 058> (0581: odf). ^bl Mriup privdnls bitlf khohmlklot slrvdals slrvdal s ti Biomciom Fhon (‒BCF (‒BC F—), h su`sdndhr y ig JQB. ^ithf ^ithf khohmlklot kho hmlklot glls rlaldvln grik BCF BC F do 058> 058> hkiuotln ti \Q$1.< kdffdio (0581: \Q$1.5 \Q$ 1.5 kdffdio), `hsln io fiom-tlrk khohmlklot khoh mlklot hmrllklots io oirkhf aikklradhf tlrks. Nlthd fs ig Ndrlatirs— lkifuklots Nlthdfs lkifuklots (`ldom tbl cly khohmlklot kh ohmlklot plrsioolf aikploshtdio) hrl sbiwo io phml 40 phml 40 uonlr tbl blhndom ig ‒Ndrlatirs— hppidotklot, rltdrlklot, rlkuolrhtdio hon slrvdal slr vdal aiotrhats—.

15 Qukkhrdzln `hfhoal sbllt ig tbl Aikphoy Doafunln `lfiw ds alrthdo sukkhrdzln `hfhoal sbllt dogirkhtdio ig tbl Aikphoy ndsafisln do haairnhoal wdtb @lrkunh Fhw:    

Qu`sdndhrdls Olt aurrlot fdh`dfdtdls

058>   058> \Q$k  \Q$k 

=08.> (8.>))  (8.>

0581 \Q$k

=4>.1 (8.1)

=05.5

=41.5

kdffdio (\Q$8, >, aukufhtdvl aists aist s phdn `y tbl Mriup do rlfhtdio ti tbl lxphosdio prijlat hkiuotln ti \Q$87.4 kdffdio, tbl khjirdty ig  wbdab bhvl `llo doafunln wdtbdo Itblr Nl`tirs Nl`tirs plondom trhosglr ig tdtfl do tbl uonlrfydom fhon.

10 Uist `hfhoal sbllt lvlots Qu`slqulot ti tbl ylhr lon, tbl Mriup hooiuoaln tbht dt wdff dovlst £2< kdffdio (\Q$815 (\Q $815 kdffdio) ti rloivhtl Khonhrdo Irdlothf Irdloth f Bynl Uhrc, Uhrc, Fionio. ^bl prijlat wdff aikkloal do 0587 0587 hon thcl hpprixdkhtlfy 82 kiotbs kiotbs ti aikpfltl. ^bl bitlf wdff rlkhdo rlkhd o iplo nurdom tbl rloivhtdio plrdin wdtb rlnualn ghadfdtdls ghad fdtdls hon riik dovlotiry. Do hnndtdio, tbl Mriup hfsi hooiuoaln dts dotlotdio ti rhdsl \Q$18 \Q $187 7 kdffdio tbriumb tbriu mb h 8 gir > rdmbts dssul ig olw irndohryy sbhrls. ^bl prialln ig tbl rdmbts dssul wdff irndohr wdf f `l usln ti phy niwo nl`t, nl`t, tblrl`y privdndom tbl Mriup wdtb tbl ahphadty ti ﬈ohoal tbl t bl rloivhtdio ig tbl Fionio bitlf hon khcl gurtblr gurt blr dovlstklots do fdol wdtb dts nlvlfipklot nlvlfipklot strhtlmy. strhtlm y. Jhrndol Qtrhtlmda Bifndoms Fdkdtln, tbl Aikphoy—s A ikphoy—s prdoadphf sbhrlbifnlr, bhs aikkdttln ti thcl th cl up dts lotdtflklot hon guffy uonlrwrdtl tbl igglr.

21

 

2>

Khonhrdo Irdlothf Dotlrohtdiohf Fdkdtln

Hoouhf Plpirt 058>

Urdoadphf Urdoad phf Qu`sdndhrdls, Hssiadhtls hon Khohmln Bitlfs hs ht 18st Nlalk`lr 058> 

 

Uripirtdio ig irndohry sbhrls hon vitdom piwlrs ht 18st Nlalk`lr 058> blfn `y Httrd`uth`fl dotlrlst %

Urdoadphf aiuotry

tbl Mriup

oio-aiotriffdom dotlrlsts

Aikphoy ohkl

Khdo hatdvdtdls

058> 

0581

%

%

Bitlf pri﬈fl

Biom Ciom

Khonhrdo Irdlothf Bitlf Mriup Dotlrohtdiohf Fdkdtln

Khohmlklot

855   855

855

855

‑  ‑ 



 

Khonhrdo Irdlothf Bitlf Mriup Fdkdtln

Khohmlklot

855   855

855

855

‑  ‑ 



 

Khonhrdo Irdlothf, Biom Ciom Fdkdtln

Iwolr: Khonhrdo Irdlothf, Biom Ciom

855   855

855

855

‑  ‑ 

riiks. Flhsl lxpdry 02>0

Jhpho

Khonhrdo Irdlothf ^icyi CC

Iwolr: Khonhrdo Irdlothf, ^icyi

855   855

855

855

‑  ‑ 

8=2 riiks. Flhsl lxpdry 051<

Doniolsdh

U.^. Jhyh Khonhrdo Hmuom

Iwolr: Khonhrdo Irdlothf, Jhchrth

47.4   47.4

47.4

47.4

1.8  1.8 

0=0 riiks. Flhsl lxpdry 0501

\odtln Cdomnik

Khonhrdo Irdlothf Bynl Uhrc Fdkdtln

Iwolr: Khonhrdo Irdlothf Bynl Uhrc, Fionio

855   855

855

855

‑  ‑ 

Qwdtzlrfhon

Qiadätä Dkki`dfdârl nl Khonhrdo Irdlothf (Mloâvh) QH

Iwolr: Khonhrdo Irdlothf, Mlolvh

2>.4

1.8

.1<

7.71

=.52

4.78

4.7=

\onlrfydom lhrodoms plr sbhrl (\Q¢)

>.1<

5.8

>0.8

>0.7

>.=









84.1

80.<

88.0

8>.>

=.1

8.= 120.2

1.8 (18=.=)

0.0
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