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ÅêòáïðéáêðïåêïñÞïåàåÝîåáï¨ÝïïëßåÝðáïÝêàæëåêðèõ©ßëêðîëèèáàáêðåðåáï ÆëóâðñêâëñðæëðòßðæáæÞïæâð©ÞððìàæÞñâðÞëáçìæëñéöªàìëñïìééâáâëñæñæâðæëñåâðâíÞïÞñâãæëÞëàæÞéðñÞñâêâëñðìãñåâÀìêíÞëöÞïâÞààìòëñâáãìïòðæëä ñåâàìðñêâñåìá«ÆëóâðñêâëñðæëÞððìàæÞñâðÞëáçìæëñéöªàìëñïìééâáâëñæñæâðæëñåâàìëðìéæáÞñâáãæëÞëàæÞéðñÞñâêâëñðÞïâÞààìòëñâáãìïòðæëäñåâ âîòæñöêâñåìá« ÅêòáïðéáêðïåêëðäáîàáÞðÝêàáíñåðõïáßñîåðåáï ÁâßñðâàòïæñæâðñåÞññåâÄïìòíåÞðñåâíìðæñæóâæëñâëñÞëáÞßæéæñöñìåìéáñìêÞñòïæñöÞïâàéÞððæãæâáÞðåâéáªñìªêÞñòïæñöæëóâðñêâëñð«ÅâéáªñìªêÞñòïæñö æëóâðñêâëñðÞïâðñÞñâáÞñÞêìïñæðâáàìðñ©éâððÞëöæêíÞæïêâëñéìððâð«ÑåâáæããâïâëàâßâñôââëñåâÞàîòæðæñæìëàìðñÞëáïâáâêíñæìëóÞéòâìã ðòàåáâßñðâàòïæñæâðæðÞêìïñæðâáòðæëäñåââããâàñæóâæëñâïâðñïÞñâêâñåìáìóâïñåâíâïæìáñìêÞñòïæñö« ÊÞïèâñÞßéââîòæñöðâàòïæñæâð©ìñåâïñåÞëñåìðâðâàòïæñæâðåâéáãìïñïÞáæëäìïæëñâëáâáñìßâåâéáñìêÞñòïæñö©ÞïâàéÞððæãæâáÞðÞóÞæéÞßéâªãìïªðÞéâ æëóâðñêâëñð«¾óÞæéÞßéâªãìïªðÞéâæëóâðñêâëñðÞïâðòßðâîòâëññìæëæñæÞéïâàìäëæñæìë©ðñÞñâáÞñãÞæïóÞéòâ©ÞëáàåÞëäâðñåâïâæë©ìñåâïñåÞëæêíÞæïêâëñ éìððâðÞëáãìïâæäëàòïïâëàöáæããâïâëàâðìëÞóÞæéÞßéâªãìïªðÞéâêìëâñÞïöæñâêð©Þïâïâàìäëæðâááæïâàñéöæëâîòæñö«ÆêíÞæïêâëñéìððâðÞëáãìïâæäë âõàåÞëäâáæããâïâëàâðÞïâïâàìäëæðâáæëíïìãæñìïéìðð«ÔåâëñåâðâæëóâðñêâëñðÞïâáâïâàìäëæðâá©ñåâàòêòéÞñæóâäÞæëìïéìððíïâóæìòðéöïâàìäëæðâá áæïâàñéöæëâîòæñöæðïâàìäëæðâáæëíïìãæñìïéìðð«ÔåâïâñåâðâæëóâðñêâëñðÞïâæëñâïâðñªßâÞïæëä©æëñâïâðñàÞéàòéÞñâáòðæëäñåââããâàñæóâæëñâïâðñ êâñåìáæðïâàìäëæðâáæëíïìãæñìïéìðð« ÂîòæñöðâàòïæñæâðôåæàåÞïâëìñêÞïèâñÞßéâÞïâðñÞñâáÞñàìðñéâððÞëöæêíÞæïêâëñéìððâð« ÑåâãÞæïóÞéòâìããæëÞëàæÞéæëðñïòêâëñðàéÞððæãæâáÞðÞóÞæéÞßéâªãìïªðÞéâæðáâñâïêæëâáÞðñåâîòìñâáßæáíïæàâÞññåâïâíìïñæëäáÞñâ« ÀåïìëïÝèëâåêòáïðéáêðï ÌëáæðíìðÞéìãÞëæëóâðñêâëñ©ñåâáæããâïâëàâßâñôââëëâñáæðíìðÞéíïìàââáðÞëáñåâàÞïïöæëäÞêìòëññìäâñåâïôæñåñåâÞððìàæÞñâáàòêòéÞñæóâ äÞæëìïéìððñåÞñôÞðïâíìïñâáæëâîòæñöæðïâàìäëæðâáæëíïìãæñìïéìðð« ÆãñåâÄïìòí¬ÀìêíÞëöáæðíìðâðìãíÞïñìãæñðåìéáæëäìãÞíÞïñæàòéÞïæëóâðñêâëñ©ñåâáââêâáàìðñìãñåâíÞïñðìéáæðáâñâïêæëâáòðæëäñåâ ðíâàæãæàêâñåìáÞííéæâáñìñåâàÞïïöæëäóÞéòâìãñåâñìñÞéåìéáæëäìãñåâæëóâðñêâëñ« €ˆ•¡||š©m–yz–ªl –ro—z™ Š–fŽx•iŒ—†–†ƒ–~}Ó

                        

                        

ÎáßëãêåðåëêÝêàéáÝïñîáéáêð ËóêáàÝïïáðï Íïìíâïñö©íéÞëñÞëáâîòæíêâëñÞïâðñÞñâáÞñàìðñéâððÞààòêòéÞñâááâíïâàæÞñæìëÞëáæêíÞæïêâëñéìððâð« ÀìðñæëàéòáâðâõíâëáæñòïâñåÞñæðáæïâàñéöÞññïæßòñÞßéâñìñåâÞàîòæðæñæìëìãñåâÞððâñ«ÑåâàìðñìãðâéãªàìëðñïòàñâáÞððâñðæëàéòáâðñåâàìðñìã êÞñâïæÞéðÞëááæïâàñéÞßìòï©ÞëöìñåâïàìðñðáæïâàñéöÞññïæßòñÞßéâñìßïæëäæëäñåâÞððâñðñìÞôìïèæëäàìëáæñæìëãìïñåâæïæëñâëáâáòðâ©ñåâàìðñð ìãáæðêÞëñéæëäÞëáïâêìóæëäñåâæñâêðÞëáïâðñìïæëäñåâðæñâìëôåæàåñåâöÞïâéìàÞñâá©ÞëáàÞíæñÞéæðâáßìïïìôæëäàìðñð«ÀìðñÞéðìêÞö æëàéòáâñïÞëðãâïðãïìêìñåâïàìêíïâåâëðæóâæëàìêâìãÞëöäÞæëìïéìððìëîòÞéæãöæëäàÞðåãéìôåâáäâðìããìïâæäëàòïïâëàöíòïàåÞðâðìã íïìíâïñö©íéÞëñÞëáâîòæíêâëñ«ÍòïàåÞðâáðìãñôÞïâñåÞñæðæëñâäïÞéñìñåâãòëàñæìëÞéæñöìãñåâïâéÞñâáâîòæíêâëñæðàÞíæñÞéæðâáÞðíÞïñìãñåÞñ âîòæíêâëñ« ÔåâëíÞïñðìãÞëæñâêìãíïìíâïñö©íéÞëñÞëáâîòæíêâëñåÞóâáæããâïâëñòðâãòééæóâð©ñåâöÞïâÞààìòëñâáãìïÞððâíÞïÞñâæñâêð¥êÞçìï àìêíìëâëñð¦ìãíïìíâïñö©íéÞëñÞëáâîòæíêâëñ« ÄÞæëðÞëáéìððâðìëáæðíìðÞéìãÞëæñâêìãíïìíâïñö©íéÞëñÞëáâîòæíêâëñÞïâáâñâïêæëâáßöàìêíÞïæëäñåâíïìàââáðãïìêáæðíìðÞéôæñåñåâ àÞïïöæëäÞêìòëñìãíïìíâïñö©íéÞëñÞëáâîòæíêâëñ©ÞëáÞïâïâàìäëæðâáëâñôæñåæëìñåâïæëàìêâæëíïìãæñìïéìðð«ÔåâëïâóÞéòâáÞððâñðÞïâðìéá© ñåâÞêìòëñðæëàéòáâáæëñåâïâóÞéòÞñæìëïâðâïóâÞïâñïÞëðãâïïâáñìïâñÞæëâáâÞïëæëäð« ÈáÝïáàÝïïáðï ÉâÞðâðæëñâïêðìãôåæàåñåâÄïìòí¬ÀìêíÞëöðòßðñÞëñæÞééöÞððòêâðÞééñåâïæðèÞëáïâôÞïáðìãìôëâïðåæíÞïâàéÞððæãæâáÞðãæëÞëàâéâÞðâð« Íïìíâïñö©íéÞëñÞëáâîòæíêâëñÞàîòæïâáßöôÞöìããæëÞëàâéâÞðâðæðàÞíæñÞéæðâáÞññåâéìôâïìãæñðãÞæïóÞéòâÞëáñåâíïâðâëñóÞéòâìã ñåâêæëæêòêéâÞðâíÞöêâëñðÞññåâæëàâíñæìëìãñåâéâÞðâ©éâððÞààòêòéÞñâááâíïâàæÞñæìëÞëáæêíÞæïêâëñéìððâð«ÉâÞðâíÞöêâëñðÞïâ ÞííìïñæìëâáßâñôââëñåâãæëÞëàâàåÞïäâðÞëáïâáòàñæìëìãñåâéâÞðâéæÞßæéæñöðìÞðñìÞàåæâóâÞàìëðñÞëñïÞñâìãæëñâïâðñìëñåâïâêÞæëæëä ßÞéÞëàâìãñåâéæÞßæéæñö«ÃæëÞëàâàåÞïäâðÞïâàåÞïäâááæïâàñéöñìñåâíïìãæñìïéìðð« ÏñÞïáíñáêðßëïðï ÑåâàìðñìãïâíéÞàæëäÞíÞïñìãÞëæñâêìãíïìíâïñö©íéÞëñÞëáâîòæíêâëñæðïâàìäëæðâáæëñåâàÞïïöæëäÞêìòëñìãñåâæñâêæãæñæðíïìßÞßéâñåÞñ ñåâãòñòïââàìëìêæàßâëâãæñðâêßìáæâáôæñåæëñåâíÞïñôæééãéìôñìñåâÄïìòí¬ÀìêíÞëö©ÞëáæñðàìðñàÞëßâêâÞðòïâáïâéæÞßéö«ÑåâàÞïïöæëäÞêìòëñ ìãñåâïâíéÞàâáíÞïñæðáâïâàìäëæðâá«ÑåâàìðñðìãñåâáÞöªñìªáÞöðâïóæàæëäìãíïìíâïñö©íéÞëñÞëáâîòæíêâëñÞïâïâàìäëæðâáæëíïìãæñìïéìðð Þðæëàòïïâá«



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ÀáìîáßåÝðåëê ÁâíïâàæÞñæìëæðàÞéàòéÞñâáßÞðâáìëñåâáâíïâàæÞßéâÞêìòëñ©ôåæàåæðñåâàìðñìãÞëÞððâñ©ìïìñåâïÞêìòëñðòßðñæñòñâáãìïàìðñ©éâððæñðïâðæáòÞéóÞéòâ« ÁâíïâàæÞñæìëæðàåÞïäâáñìíïìãæñìïéìððìëÞðñïÞæäåñªéæëâßÞðæðìóâïñåââðñæêÞñâáòðâãòééæóâðìãâÞàåàìêíìëâëñìãÞëæñâêìãíïìíâïñö© íéÞëñÞëáâîòæíêâëñ«ÑåââðñæêÞñâáòðâãòééæóâðÞïâÞðãìééìôð·  ÍìôâïíéÞëñ©ðòßðñÞñæìëðÞëáñïÞëðêæððæìëðöðñâê ®­ª¯² öâÞïð  ÃéÞïâáäÞðãòâééâáðêÞééíìôâïíéÞëñ µ öâÞïð  ÂîòæíêâëñãìïäÞðñòïßæëâíìôâïíéÞëñ ±ª¯² öâÞïð  ÌíâïÞñæëäÞëáêÞæëñâëÞëàââîòæíêâëñÞëáâîòæíêâëñãìïôæëáíìôâïíéÞëñ ² öâÞïð  ¿òæéáæëäðÞëáðñïòàñòïâð ¯­ª±­ öâÞïð  ¿òæéáæëäæêíïìóâêâëñð ² öâÞïð  Ãòïëæñòïâ©ãæõñòïâðÞëáìããæàââîòæíêâëñ ² öâÞïð  Óâåæàéâð ² öâÞïð ËìáâíïâàæÞñæìëæðíïìóæáâáìëãïââåìéáéÞëáìïÞððâñðòëáâïàìëðñïòàñæìë« ÁâíïâàæÞñæìëêâñåìáð©òðâãòééæóâðÞëáïâðæáòÞéóÞéòâðÞïâïâóæâôâáÞñâÞàåãæëÞëàæÞéöâÞïªâëáÞëáÞáçòðñâáæãÞííïìíïæÞñâ«

                 

Ãëëàóåèè ÄììáôæééñåÞñÞïæðâðòíìëñåâÞàîòæðæñæìëìãðòßðæáæÞïæâðæðæëàéòáâáæëæëñÞëäæßéâÞððâñð«ÑåâêâÞðòïâêâëñìãäììáôæééÞñæëæñæÞéïâàìäëæñæìëæð áâðàïæßâáæëëìñâ±¥Þ¦«ÐòßðâîòâëññìæëæñæÞéïâàìäëæñæìë©äììáôæééæðêâÞðòïâáÞñàìðñéâððæêíÞæïêâëñéìððâð« ËðäáîåêðÝêãåÞèáÝïïáðï ÌñåâïæëñÞëäæßéâÞððâñðñåÞñÞïâÞàîòæïâáßöñåâÄïìòíÞëáåÞóâãæëæñâòðâãòééæóâðÞïâêâÞðòïâáÞñàìðñéâððÞààòêòéÞñâáÞêìïñæðÞñæìëÞëá æêíÞæïêâëñéìððâð« ÏñÞïáíñáêðáôìáêàåðñîá ÐòßðâîòâëñâõíâëáæñòïâæðàÞíæñÞéæðâáìëéöôåâëæñæëàïâÞðâðñåâãòñòïââàìëìêæàßâëâãæñðâêßìáæâáæëñåâðíâàæãæàÞððâññìôåæàåæñïâéÞñâð« ¾ééìñåâïâõíâëáæñòïâ©æëàéòáæëäâõíâëáæñòïâìëæëñâïëÞééöäâëâïÞñâáäììáôæééÞëáßïÞëáð©æðïâàìäëæðâáæëíïìãæñìïéìððÞðæëàòïïâá«

¾êìïñæðÞñæìëæðàÞéàòéÞñâáìóâïñåâàìðñìãñåâÞððâñ©ìïìñåâïÞêìòëñðòßðñæñòñâáãìïàìðñ©éâððæñðïâðæáòÞéóÞéòâ« ¾êìïñæðÞñæìëæðïâàìäëæðâáæëíïìãæñìïéìððìëÞðñïÞæäåñªéæëâßÞðæðìóâïñåââðñæêÞñâáòðâãòééæóâðìãæëñÞëäæßéâÞððâñð©ìñåâïñåÞëäììáôæéé©ãïìêñåâ áÞñâñåÞññåâöÞïâÞóÞæéÞßéâãìïòðâ©ðæëàâñåæðêìðñàéìðâéöïâãéâàñðñåââõíâàñâáíÞññâïëìãàìëðòêíñæìëìãñåâãòñòïââàìëìêæàßâëâãæñðâêßìáæâá æëñåâÞððâñ«ÑåââðñæêÞñâáòðâãòééæóâðãìïñåâàòïïâëñÞëáàìêíÞïÞñæóâíâïæìáðÞïâÞðãìééìôð·  ÐìãñôÞïâéæàâëàâð °ª®­ öâÞïð  ÏæäåññìòðââéâàñïæàÞéñïÞëðêæððæìëéæëâ µ öâÞïð  ÏæäåññìÍìôâïÍòïàåÞðâ¾äïââêâëñðÞëáÀìÞéÐòííéö¾äïââêâëñð ¯­ª¯² öâÞïð ¾êìïñæðÞñæìëêâñåìáð©òðâãòééæóâðÞëáïâðæáòÞéóÞéòâðÞïâïâóæâôâáÞñâÞàåãæëÞëàæÞéöâÞïªâëáÞëáÞáçòðñâáæãÞííïìíïæÞñâ«

    

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4UBUVT                                  

                 

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4UBUVT                                  

                 

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RATCH: Annual Report 2011  

Annual Report

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