Scharffen Berger

 

_ob`reefi Hfrlfr Obgogc`tf A`jfr Bfobgs Xfcfv`itfs _ghrf c` faprfs`=



Euid`d` pgr dgs `aklgs= Xghfrt _tfkihfrl y Mbgi



_`ob`reefrhfrlfr. Dfdko`dgs `c `rtf ogcki`rkg



^rgduokr obgogc`tf df c` afmgr o`ckd`d y afmgrfs



ogit ogitrk rkhu huyg yg ` tg tgdg dg fc iflg iflgok okgg p`r` p`r` `uaf `uafit it`r `r ui quáitupcf c` e`hrko`okÿi. 

lr`igs. 

_f aud` aud`rg rgii ` ui ui`` iu iufv fv`` eà eàhr hrko ko`` fi 8> 8>>0 >0 qu quff

B`rrks Vi` faprfs` df o`pkt`c prkv`dg quf dkrklá` fc iflgokg y lfstkgi`h` fc orfokakfitg.

ui` pfqufð` faprfs` fi 0;;5 cuflg prgdumg a`ygrfs o` o`it itkd kd`d `dfs fs,, fi 8> 8>>> >> sf dkfr dkfrgi gi oufi oufit` t` df qu quff if ifof ofsk skt` t`h` h`ii fs fsp` p`ok okgg `dko `dkokg kgi` i`cc p`r` p`r` fxp` fxp`id idkr kr fc iflgokg.



O` O`it itkd kd`d `d df Fapc Fapcf` f`dg dgs= s= 5> fapc fapcf` f`dg dgs, s, 84 fi  prgduookÿi, 02 fi tkfid`s akigrkst`s, 02 fi `dakikstr`okÿi y `dakikstr`okÿi.

_ghrf c` Kidustrk`= 

E`hrko`h`i dfsdf cgs lr`igs b`st` c` h`rr`.



C` kidustrk` sf sflafit`h` fi dgs o`tflgrá`s= ^rfakua y A`skvg



Afro`dg A`skvg 04 akccgifs dgaki`dg ui > Akccgifs orfokakfitg df ui 06% ` ui 8>%.



C` ogapftfiok` ýiko` prgvfiá` df furgpfgs ` `ctgs prfokgs.

_ghrf dfc Iflgokg= 

_bo`reefi sf prfp`r` p`r` rfokhkr ui` aàquki` quf `uafit`r` su o`p`okd`d agckig df Hgc`.



C` dfa`id` b`há` sghrfp`s`dg c` gefrt` @uafitg df dfa`id` fi ui ?>%.



C`s vfit`s orfokfrgi df V_D $ 0 akc ` V_D $ 0> akc df 0;;; ` 8>>4, sf fstka` quf cgs kilrfsgs df 8>>6



supfr`rá`i cgs V_D $ 06 akc 

Ufit`s df _H= ski `zýo`r fxtr` gsourg 8>% df c`s vfit`s, gtrgs prgduotgs aàs ducofs 2>% Obgogc`tf ogi afzoc` df o`o`g rfprfsfit`h` ui 5>% rf`ckz`dg p`r` Tr`dfr Mgf's, quf rfprfsfit` fc 8>% df c`s vfit`s tgt`cfs ogag ockfitf. Cgs prgduotgs ski fiducz`r` y gsourg rfprfsfit`h`i fc 8>% df c`s vfit`s y fc 2>% rfst`itf ogistktuá` cgs aàs ducofs.

 

O`i`cfs df vfit`= 

 Okiog tkfid`s dft`cckst`s, supfrafro`dg y sktkg wfh

 

Ecumg

^rgduookÿi 

Trfs _fookgifs= Àrf` df ^rgduookÿi, `rfs df Gekoki`s y Ufit` `c dft`ccf.

Ecumg `itfrkgr `c Agckig

O`p`okd`d

Ckapk`dg r df  lr`igs

Tgst`dg r`

 @vfit`dgr  `

 Afzoc`d  gr 

rfeki`dgr`

Xfeki`dg r`8

Tfapc` dg

 Jkcglr`ags

0>>

86>

86> jkcglr`ags

006

04>>

04>>

04> jkcglr`a gs

Tkfapg

>.06 akiutgs

0 bgr` 0.86 bg bgr` r`ss y >.06 akiutgs fierk`r 

0.86

_ki `zýo`r 4> 6> bgr`s bgr`s

Euiokgi`akf itg

2 bgr`s

2 bgr`s

2 bgr`s

2 bgr`s 84 bgr`s (8 turigs)

84 bgr`s

2 bgr`s 2 bgr`s 8 turigs

O`p`okd`d  dk`s

5 dá`s ` c` sfa`i`

< dá`s

< dá`s

< dá`s

< dá`s

< dá`s

 Kivfit`rkg

Dgs sfa`i`s





   



  

< dá`s

 Agcdfg

0 bgr`

< dá`s 2 fapcf`dgs

@c sgcg` sf tr`h`m``clui`s ui turigrfeki`dgr`s. pgr dá`, okiog dá`s pgr c`s bgr`s fxtr`s, pufstg `c oufccg df hgtfcc` df c` rfekifrá` sgcgprkiokpkg `co`iz`h`i tfraki`r _f fv`cuÿ ogapr`r a`s a`quk a`quki`s, i`s, pfrg cuflg sf dfokdkÿ kivfrtkr fi ui agckig o`p`z df prgofs`r prgofs`r 0,4>> jkcglr`ags. jkcglr`ags. _gcg ifofskt`idg `krf`r y afzoc`r, pfrg fc rfeki`dg rfduokrá` ` 06 bgr`s. Fxpfot`tkv`s 06 bgr`s. Dfokdkÿ quf pgdrá`i ghtfifr aàs v`cgr `lrfl`idg ui agckig df hgc`s -Agckig df hgc`s= p`r` agcfr p`rtáouc`s lkr`idg hgc`s df `ofrg dfitrg df ui t`ahgr -Tgd`vá` sf ifofskt` ogiobf p`r` afzoc`r, pfrg fc ogiob`dg sf dftfidrá` ` c`s 0> bgr`s y fc agckig df hgc`s tfraki`rá` df agcfr  -Fitgiofs, ogi fc agckig df hgc`s= tgd` c` `krf`okÿi y c` agckfid` sf ogapcft`i fi 06 bgr`s fi cul`r df 4>-5> bgr`s fi ogiobf -Ogapfis`okÿi= o`ckd`d kisflur` -Ou`idg sf prghÿ, prkafrg fc obgogc`tf fst`h` a`cg, cuflg cg rfbkokfrgi y fst`h` hufig -Agckig df hgc`s grdfi`dg= pgtfiok`c p`r` `uafit`r c` o`p`okd`d fi ui . 4>.>> >>>> jl jl fqu fqukv kv`c `cfi fitf tf ` 85 85 y 8; 8; rfe rfeki ki`d `dgr gr`s `s df obgo obgogc gc`t `tff  Ckapk`dgr  lr`igs

df

Tgst`dgr`

@vfit`dgr`

Afzoc`dgr

Xfeki`dgr`

Tfapc`dg [  Tfapc`dg agcdfg

O`p`okd`d df o`rl`

8>>

86>

46>

>

04>>

8>>

O`p`okd`d  dkspgikhcf

8>>

86>

86>

006

04>>

04>

Tkf Tkfap apg g

Oko kocg cg

0. 0.86 86 bgr`s bgr`s  y >.06

fi

 Bgr`s (Ogisuag)

>.86 Bgr`s

akiutgs fierk`r 

0 bgr`

0.86

5> bgr`

0 bgr`

Tkfapg df Okocg fi  Akiutgs (Ogisuag)

06

;>

5>

>

5>

O`itkd`d  A`quki`s

0

0

0

0

8

0

 _`ckd` O`p`okd`d 

8>>

86>

026

006

04>>

04>

 Feko`ok` dfc ^rgofsg

;5%

0>>%

>%

0>>%

0>>%

O`p`okd`d  Jkcglr`ags  Akiutgs

df pgr 

0?.??

8.2

0.6?

>.>.>>

055.5>

;8.>>

45.5<

04>.>>

 Jkcglr`ags pgr dá`

54>>

0???

042>

04

884>

 Bgr`s df tr`h`mg

2 bgr`s

2 bgr`s

2 bgr`s

2 bgr`s (8 84 bgr`s turigs)

2 bgr`s 8 turigs

O`p`okd`d _fa`i`c 

?2,4>>.>>

;,???.??

04,>>>.>>

0>,?>4.>>

.>>

06,52>.>>

 Bgr`s df tr`h`mg

0;8.>>

884.>>

884.>>

442.>>

0?44.>>

442.>>

$65.>> $?>%

65 $65,>>>.>> 65.>>%

008 $40,805.>> ;%

??5.>> $?0,?5>.>> 0>>.>>%

008 $58,.>> 6>.>>%

df

42.>> O`p`okd`d Afisu`c $06?,5>>.>> Vtkckz`okÿi 8>.48%

 Bgr`s _fa`i`cfs

@otu`cafitf fc oufccg df hgtfcc` fvkdfitf fs c` rfeki`dgr`, y` quf c` aksa`s fs dfagstr`dg quf ` pfs`r df tkfapg df okocg c` o`p`okd`d pgr dá` fs df 0,08> ` pfs`r df tr`h`m`r 84 bgr`s. D`idg ogag dfa`id` rf`c pgr afs df . @ ogitkiu`okÿi, skfidg fstr`tëlkogs `c dfokdkr kivfrtkr fi ui` a`quki` fv`cu`idg v`rkgs fsofi`rkgs pgdfags fxpcgr`r `ctfri`tkv`s p`r` gptkakz`r c` o`p`okd`d. Ogapr` df Agckig  Ckapk`dgr df Tgst`dgr`  lr`igs

@vfit`dgr`

Afzoc`dgr

Xfeki`dgr`

Tfapc`dg agcdfg

O`p`okd`d df o`rl`

8>>

86>

46>

>

04>>

8>>

O`p`okd`d  dkspgikhcf

8>>

86>

86>

006

04>>

04>

[ 

^àlki` ?

 

Tk Tkfa fapg pg Ok Okoc ocg g fi  Bgr`s (Ogisuag)

>.86 Bgr`s

0. 0.86 86 bg bgr` r`ss  y >.06 akiutgs fierk`r 

Tkfapg df Okocg fi  Akiutgs (Ogisuag)

06

;>

5>



5>

 A`quki`s

0

0

0

0

8

0

 _`ckd` O`p`okd`d 

0;8

86>

026

006

04>>

04>

 _`ckd` O`p`okd`d 

8>>

86>

026

006

04>>

04>

 Feko`ok`  ^rgofsg

dfc 

;5%

0>>%

>%

0>>%

0>>%

O`p`okd`d  Jkcglr`ags  Akiutgs

df pgr 

0?.??

8.2

0.6?

?.00

8.??

 Jkcglr`ags bgr`

pgr 

2>>.>>

055.5>

;8.>>

025.5<

04>.>>

 Jkcglr`ags pgr dá`

54>>

0???

042>

04

884>

 Bgr`s df tr`h`mg

2 bgr`s

2 bgr`s

2 bgr`s

84 bgr`s

2 bgr`s 8 turigs

O`p`okd`d sfa`i`c 

?2,4>>.>>

;,???.??

04,>>>.>>

2 bgr`s turigs) 0>,?>4.>>

?0,?5>.>>

06,52>.>>

 Bgr`s df tr`h`mg

0;8.>>

884.>>

884.>>

442.>>

0?44.>>

442.>>

 Bgr`s _fa`i`cfs

42.>>

$65.>>

65

008

??5.>>

008

$06?,5>>.>> 84.?0%

$?>.>>%

$65,>>>.>> 55.5> ;>.62%

$086,44>.>> 8;.> 6;.68%

O`itkd`d

O`p`okd`d   Afisu`c Vtkckz`okÿi

0 bgr`

0.86

06 bgr`

0 bgr`

df

(8

@lrfl`r ui agckig df hgc`s rfduokrà fc tkfapg prgafdkg df c` ogiob` df 5> bgr`s ` 06 bgr`s y, pgr cg t`itg, `uafit`rà c` o`p`okd`d fi `prgxka`d`afitf ui 86%. Fc afzoc`dgr sfrà fc prÿxkag oufccg df hgtfcc` dgidf tfidrfags ui iufvg oufccg df  hgtfcc` fi c` tgst`dgr`. D`dg ` quf `suakags cgs ;> akiutgs. Vtkckz`okÿi Fsofi`rkg Euturg p`r` a`itfifr cgs fqukpgs y fxp`idkr c` o`p`okd`d df o`d` `otkvkd`d fi o`sg df orfokakfitg g dfa`id` df cgs ockfitfs pgtfiok`cfs p`r` kiorfafit`r ui pfdkdg. Fi fstf o`sg c` s`ckd` df jkcglr`ags fs `uafit`d` pgr  `dfou`okÿi fi turig df tr`h`mg p`r` c` `vfit`dgr` y c` tgst`dgr`. _kfidg fc oufccg df hgtfcc` c` afzoc`dgr`. Fi fstf fsofi`rkg `uafit`ags c` o`p`okd`d ui 86% c` o`p`okd`d aáika` pgr dá` y `uafit`ags c` prgduookÿi ` 62; akc.

^àlki` 4

 

 C  Cka ka p k` d g r d f  l r`i g s

Tg s t` d g r`

@ v f it` d g r`

Af z o c` d g r

Xf eki ` d g r`

Tf a p c` d g [ a g cd f g

46>

>

04>>

8>>

86>

00 6

 

04>>

04 >

0 bgr`

0.86

 

0> bgr`

0 bgr`

O ` p ` o k d ` d d f o ` rl rl `

 

8>>

86>

O ` p ` o kd ` d d k ssp p g i kh kh cf cf

 

8>>

8> >

Tkf ap g O ko cg f i  Bg  Bg r` s( O g isu a g )

>.86 Bgr`s

0.86 bgr`s bgr`s y >.06 a kiutgs kiutgs f ie ierrk`r 

Tkf ap g d f O ko cg f i  Akiutg s (O g isu a g )

06

;>

 

5>



5>

O`itkd`d df  A` q uki` s

0

0

 

0

0

 

8

0

8>> ;5%

8> >

026

04 >

0>>%

   

0>>%

0>>%

0 >>%

0?.??

8.88

?.>2

0.6?

>.58

8.??

2>>.>> >

8>>.>>

   

82>.>> 82>.>>

04>.>>

O`p` okd`d Iu uff v `

   

 Jkc  Jkcg g l r` a g s p g r d k`

 

 

??5>

   

 _`ckd ` O ` p ` o kd ` d   Fekf  Fekf io k` d f c ^rg ^rg o f sg O`p`okd`d df  Jkc  Jkcg g l r`a g s p g r  Akiutg s  Jk  Jkcg cg l r`a g s p g r bg r`

 Bg  Bg r`s d f tr`h ` mg O`p` okd`d pgr af s

 

4 6 > .> >

; 8 .> >

8>>.>>

 

???.>>

;8.>>

5044

82>>

 

8;;<

88>2

2 bgr`s 04>

04 bgr`s 0?,>55.5<

; bgr`s 06,.>>

84 bgr`s ?>,;08.>>

?24.>>

 Bg  Bg r`s d f tr`h ` mg  Bg  Bg r`s _f a ` i` cf s

 

O ` p ` o kd ` d Af i ssu u`c Vtkc tkckz`o kz`o kgi

 

 

42.>>

884.>> $;2.>>

08 bgr`s 06,52>.>>

884>

2 bgr`s 8 turigs 06,52>.>>

884.>>

442.>>

0?44.>>

442.>>

5?

??5

052. >>

008

$62;,284.>>

$68,855.5<

$5?,>>>.>>

$08?,542.>>

$58,.>>

$58,.>>

8>.;5%

8?5. 6.>>%

0;% ogag `sfsgrá` rfogafid`ags c` ogapr` df ui` afzoc`dgr` y ui` tgst`dgr` p`r` dupcko`r c` o`p`okd`d afisu`c y a`itfifr fi euiokgi`akfitg c`s àrf`s df a`ygr ecumg, fstg pfraktkrà `c tfifr fc agckig `uafit`r ` ? fc turig df c` rfeki`dgr` y pgdfr gptkakz`r cgs p`sgs.

^àlki` 6

 

 C  Cka ka p k` d g r d f  l r`i g s

Tg s t` d g r`

@ v f it` d g r`

Af z o c` d g r

Xf eki ` d g r`

Tf a p c` d g [ a g cd f g

46>

>

04>>

8>>

86>

00 6

 

04>>

04 >

0 bgr`

0.86

 

06 bgr`

0 bgr`

O ` p ` o k d ` d d f o ` rl rl `

 

8>>

86>

O ` p ` o kd ` d d k ssp p g i kh kh cf cf

 

0>>

86 >

>.86 Bgr`s

0.86 bgr`s bgr`s y >.06 a kiutgs kiutgs f ie ierrk`r 

06



0

8

 

0

?

 

8

0

;5 ;5%

86 >

026 >

04 >

0>>%

   

0>>%

0>>%

0 >>%

5.4>

?.??

08.??

0.6?

?.00

8.??

8>>.>>

< 4 > .> >

; 8 .> >

 

025.5<

04>.>>

 

442>

Tkf ap g O ko cg f i  Bg  Bg r` s( O g isu a g ) Tkf ap g d f O ko cg f i  Akiutg s (O g isu a g ) O`itkd`d df  A` q uki` s

   

 _`ckd ` O ` p ` o kd ` d   Fekf  Fekf io k` d f c ^rg ^rg o f sg

 

O`p`okd`d df  Jkc  Jkcg g l r`a g s p g r  Akiutg s  Jk  Jkcg cg l r`a g s p g r bg r`

 

?24.>>

 Jkc  Jkcg g l r` a g s p g r d k`

 

?>>

2 bgr`s ,

 Bg  Bg r`s d f tr`h ` mg  Bg  Bg r`s _f a ` i` cf s

 

42.>>

 

$82?,006.68 4?.5

88>2

2 bgr`s 04,>>>.>>

84 bgr`s ?>,;08.>>

442.>>

884>

2 bgr`s 8 turigs 06,52>.>>

884.>>

0?44.>>

0?44.>>

442.>>

65

??5

??5. >>

008

$65,>>>.>> 88>.2>%

$08?,542.>> 0>>.>>%

$086,44>.>> ;2.6> 0;> $%

84 bgr`s ?0,?5>.>>

^`r` fst` gpokÿi sf ogiskdfr` fc `uafitg df cgs turigs skfidg fc oufcg df hgtfcc` c` uctka` `otkvkd`d, quf pufdf sfr ogapfis`d` ogi cgs 2 fapcf`dgs quf tr`h`m`i fi c` aksa`.  C  Cka ka p k` d g r d f  l r`i g s

Tg s t` d g r`

@ v f it` d g r`

Af z o c` d g r

Xf eki ` d g r`

Tf a p c` d g [ a g cd f g

46>

>

04>>

8>>

86>

00 6

 

04>>

04 >

0 bgr`

0.86

 

06 bgr`

0 bgr`

O ` p ` o k d ` d d f o ` rl rl `

 

8>>

86>

O ` p ` o kd ` d d k ssp p g i kh kh cf cf

 

0>>

86 >

>.86 Bgr`s

0.86 bgr`s bgr`s y >.06 a kiutgs kiutgs f ie ierrk`r 

06



0 8 ;5 ;5%

0

0 0 026 >

0 04 >

0>>%

       

0>>%

0>>%

0 >>%

08.2>

?.??

08.??

?.><

?.00

8.??

>