Issuu on Google+

1PTUBESFTT#PYรธรทรทรฟ รพรผรธรปรท6QQTBMBp#FTร•L%SBHBSCSVOOTHรปรผp5FMรทรธรฟรฝรปรทรผรปรทp5FMFGBYรทรธรฟรธรทรฟรฝรธรท &QPTUEHGPOEFS!EHGPOEFSTFpXXXEHGPOEFSTFp#Hรผฤ€รนรบรฝรบรผรฝp1(รปรฟรฝรธรปรฟรนรท

3BQQPSUGรšSEFUGรšSTUBLWBSUBMFU 'POEFOTUFHOรŒHPUNFSรŠOJOEFYGรšSTUBLWBSUBMFU

%JEOFS(FSHF"LUJFGPOETUFHEFUGร•STUBLWBSUBMFUรนรทรทรฝNFEรธรน รฝ QSPDFOUKร…NGร•SUNFEรธรน รทQSPDFOUTVQQHร‡OHGร•S0.94UPDLIPMN 7JELWBSUBMFUTVUHร‡OHWBSBOEFMTWร…SEFUรธรทรผรธ รธรปLS #ร•STVUWFDLMJOHFO IBS WBSJU GPSUTBUU HPE m Cร‡EF JOUFSOBUJPOFMMU PDI J 4WFSJHF /ร‡HPU TUJHBOEF Sร…OUPS Wร…SMEFO ร•WFS PDI GPSUTBUU TUJHBOEFSร‡WBSVQSJTFSIBSJOUFGร•SUBHJUFOBMMNร…OUPQUJNJTUJTLTZO Qร‡BLUJFNBSLOBEFO&OQPTJUJWGSBNUJETUSPIBSEFMWJTHSVOEJFO Gร•SIร‡MMBOEFWJT PQUJNJTUJTL LPOKVOLUVSCJME * EFO UZTLB PDI KBQBOTLBFLPOPNJOLBOFOHPEVUWFDLMJOHCร•SKBTLร•OKBT PDIFO GPSUTBUU NZDLFU TUBSL VUWFDLMJOH Gร•SVUTFT J EF BMMU TUร•SSF FLPOPNJFSOB,JOB *OEJFOPDI3ZTTMBOE%FPSPTNPMOGร•SWร…SMET FLPOPNJOTPNVUHร•STBWGPSUTBUUTUJHBOEFSร‡PMKFPDISร‡WBSVQSJTFS  TUJHBOEFSร…OUPSJ64"PDIGPSUTBUUBTUPSBVOEFSTLPUUJBNFSJLBOTLB CVEHFUPDIIBOEFMTCBMBOTFSรชOOTGPSUGBSBOEFLWBS.FOEร‡EFTTB PSPTNPMO IJUUJMMT JOUF HJWJU Oร‡HPO OFHBUJW Fฤ’FLU Gร‡S EF BOESB QPTJUJWBSFUFOEFOTFSOBFUUTUร•SSFHFOPNTMBHQร‡Cร•STVUWFDLMJOHFO *64"PDILBOTLFร…ONFSJ&VSPQBร•LBSGร•SFUBHFOTGร•SWร…SWT BLUJWJUFU  WJMLFU OPSNBMU ร•LBS UFNQFSBUVSFO Qร‡ Cร•STFO %F TL SJTLLBQJUBMCPMBHFOWFSLBSIBNFSQFOHBSร…OOร‡HPOTJOBUUQMBDFSB mBMMUTUร•SSFCPMBHLBOuSJTLFSBuBUUCMJVQQLร•QUB WJMLFUOBUVSMJHUWJT ร•LBS PQUJNJTNFO CMBOE Cร•STFOT BLUร•SFS %FO FัซFSUBOLF EFTTB TJHOBMFS Tร…OEFS ร…S BUU NZDLFU TUPSB Nร…OHEFS LBQJUBM MFUBS JOWFTUFSJOHBS%SJWTLVSTFSOBVQQGร•SNZDLFUPDITLVMMFEFUWJTB TJHBUUGร•SFUBHFOTWJOTUVUWFDLMJOHCMJSUZEMJHUTร…NSFร…OWร…OUBUEF Oร…SNBTUFร‡SFOLBOCFTWJLFMTFOCMJTUPS 6OEFSLWBSUBMFUIBSGPOEFOHZOOBUTBWFOHPELVSTVUWFDLMJOH Gร•SCMB0.9 4DBOJB )FYBHPO $BSOFHJF /PCJBPDI5PQEBONBSL 6OEFS TBNNB QFSJPE IBS GPOEFO Qร‡WFSLBUT OFHBUJWU BW FO TWBH LVSTVUWFDLMJOHGร•S*OUSVN+VTUJUJB 8.EBUBPDIFUUBOUBMNJOESF JOOFIBWTร‡TPN)-%JTQMBZ 9QPODBSE $MBT0IMTPOPDI/PWPUFL .JOESFJOOFIBWTPNCJESBHJUQPTJUJWUร…S*#4 -BUPVSPDI7#( 6OEFSQFSJPEFOรฝNBSTรนรทรทรท Cร•STFOTIJUUJMMTIร•HTUBOPUFSJOH  GSBNUJMMรบรธNBSTJร‡SIBS%JEOFS(FSHF"LUJFGPOEHร‡UUVQQNFE รปรผQSPDFOUNFEBO0.94UPDLIPMN UJEJHBSF4UPDLIPMNTCร•STFOT "MM4IBSF*OEFY TKVOLJUNFEรธรฟQSPDFOU 

'รšSรŠOESJOHBSJJOOFIBWFO

6OEFSEFUGร•STUBLWBSUBMFUรนรทรทรฝIBSCMBGร•MKBOEFTLFUU 'POEFOTJOOFIBWJ4FDVSJUBTIBSร•LBUTOร‡HPU6QQEFMOJOHFOBW LPODFSOFOJGZSBTKร…MWTUร…OEJHBCร•STCPMBHCร•SLVOOBHFZUUFSMJHBSF VQQWร…SEFSJOH Eร‡ Nร•KMJHIFUFSOB UJMM GPSUTBUU FYQBOTJPO JOPN EF PMJLBCPMBHFOTBOOPMJLULPNNFSBUUUZEMJHHร•SBT *OOFIBWFUJ5FMFรนIBSร•LBUTLSBัซJHU"LUJFOIBSEFTFOBTUFร‡SFO IBัซFOTWBHVUWFDLMJOH7FSLTBNIFUFOIBSEPDLVUWFDLMBUTQPTJUJWU %FOMร…HSFWร…SEFSJOHFOHFSVUSZNNFGร•SFOHPELVSTVUWFDLMJOHPN WFSLTBNIFUFOVUWFDLMBTFOMJHUCPMBHFUTQMBO 'POEFO IBS ร•LBU JOOFIBWFU J 4DBOJB Eร‡ Wร…SEFSJOHFO CMJWJU BUUSBLUJWBSFFัซFSFOUJETSFMBUJWUTFUUTWBHLVSTVUWFDLMJOH 6OEFS Gร•STUB LWBSUBMFU IBS WJ Lร•QU BLUJFS J UZTLB Gร•STร…LSJOHT LPODFSOFO "MMJBO[ TPN IBS FO Gร•SIร‡MMBOEFWJT Gร•STJLUJH Wร…SEFSJOHEFMWJTCFSPFOEFQร‡TWBHMร•OTBNIFUJLPODFSOFOTCBOL WFSLTBNIFUWJB%SFTEOFS#BOL0NGร•STร…LSJOHTWFSLTBNIFUFO

GPSUTร…UUFSBUUVUWFDLMBTWร…MPDIMร•OTBNIFUFOGร•SCร…UUSBTOร‡HPUGร•S CBOLWFSLTBNIFUFOCร•SBLUJFOLVOOBWร…SEFSBTVQQ 7J IBS PDLTร‡ Lร•QU FO NJOESF QPTU BLUJFS J UZTLBNFSJLBOTLB QFSTPO PDI MBTUCJMTLPODFSOFO %BJNMFS$ISZTMFS TPN IBS FO NZDLFU Gร•STJLUJH Wร…SEFSJOH -ZDLBT Gร•SFUBHTMFEOJOHFO NFE EF PNTUSVLUVSFSJOHBS BW LPODFSOFO TPN OV TLFS Cร•S VQQHร‡OHT QPUFOUJBMFOWBSBHPE *OOFIBWFU J $BSOFHJF IBS NJOTLBUT VOEFS LWBSUBMFU FัซFS FO TUBSLLVSTVUWFDLMJOH$BSOFHJFร…SGร•SOร…SWBSBOEFJOOFJFOQFSJPE BW TOBCCU TUJHBOEF WJOTUFS PDI EFU LBO รชOOBT FO WJTT SJTL BUU WJ VOEFSTLBUUBSBLUJFOTQPUFOUJBM4BNUJEJHUร•LBSLSBWFOQร‡CPMBHFUT Mร‡OHTJLUJHBJOUKร…OJOHTGร•SNร‡HBNFEFOIร•HSFWร…SEFSJOH3JTLFSOB JEFOUZQBWWFSLTBNIFUTPN$BSOFHJFCFESJWFSTLBMMJOUFIFMMFS VOEFSTLBUUBT 7J IBS WBMU BUU NJOTLB JOOFIBWFU J Lร•LTLPODFSOFO /PCJB TPN VUWFDLMBUT NZDLFU Wร…M Qร‡ Cร•STFO 'ร•SFUBHFU IBS TBOOPMJLU HPEB Nร•KMJHIFUFSBUUGPSUTร…UUBGร•SWร…SWTFYQBOTJPOFOJ&VSPQB4BNUJEJHU ร…SFYQBOTJPOFOJOUFIFMUVUBOSJTLFSEร‡WFSLTBNIFUFOIBSFOJOUF PCFUZEMJH LPOKVOLUVSLร…OTMJHIFU %FU UZDLT PDLTร‡ WBSB TWร‡SBSF BUU Gร‡VUTBNPSEOJOHTGร•SEFMBSNFMMBOEFPMJLBGร•SWร…SWBEFCPMBHFOร…O WBEMFEOJOHFOGSร‡OCร•SKBOGร•SFTUร…MMUTJH1ร‡EFOQPTJUJWBTJEBOLBO Oร…NOBT BUU BMMU รซFS FHOB PSEFOUMJHU VQQSVTUBEF CVUJLFS TBOOPMJLU ร•WFSUJEFOMFEFSUJMMFUUCร…UUSFHSFQQPNNBSLOBEFOPDILVOEFSOB *OOFIBWFU J EBUBGร•SFUBHFU *#4 IBS NJOTLBUT FัซFS FO TUBSLU QPTJUJW LVSTVUWFDLMJOH EF TFOBTUF ร‡SFO %BHFOT Wร…SEFSJOH BW CPMBHFULSร…WFSFOPSEFOUMJHWJOTUJMMWร…YUEFLPNNBOEFร‡SFO Oร‡HPU TPN OBUVSMJHUWJT JOUF ร…S PNร•KMJHU  NFO WJ CFEร•NFS BUU SJTLFSOB TPNGร•MKFSNFEFUUร…HBOEFBWBLUJFOIBSร•LBUOร‡HPU #MBOENJOESFGร•Sร…OESJOHBSIBSJOOFIBWFUJ4$"Tร‡MUTFัซFSFO HPELVSTVUWFDLMJOHEร‡Wร…SEFSJOHFOSFEBOJEBHUJMMWJTTEFMSร…LOBS NFEBUUEFPNTUSVLUVSFSJOHBSPDIOFEMร…HHOJOHBSTPNTLFSJOPN CPMBHFU MFEFS UJMM FO UZEMJHU Iร•HSF Mร•OTBNIFUTOJWร‡ 7J IBS PDLTร‡ Tร‡MU FUU NJOESF JOOFIBW J LPOTVMUGร•SFUBHFU ยชOHQBOOFGร•SFOJOHFO FัซFSFONZDLFUHPELVSTVUWFDLMJOH

ยฝWSJHU

7J QMBOFSBS BUU JOCKVEB BMMB BOEFMTร…HBSF UJMM FUU FWFOFNBOH J (ร•UFCPSH J TFQUFNCFS FMMFS PLUPCFS &UU EFUBMKFSBU QSPHSBN LPNNFS BUU QSFTFOUFSBT J TBNCBOE NFE IBMWร‡STSBQQPSUFO TPN CFSร…LOBTBUUVUTร…OEBTJCร•SKBOBWBVHVTUJ 'POEFO Mร…NOBS VUEFMOJOH J BQSJM %FO CFSร…LOBT VQQHร‡ UJMM DJSLBรธรฟLSQFSBOEFM%FUFYBLUBVUEFMOJOHTCFMPQQFUCFTUร…NTQร‡ HSVOEWBMBWBOUBMFUBOEFMBSJGPOEFOQร‡VUEFMOJOHTEBHFO 'POEFO Hร•S OPSNBMU JOHB PQUJPOTBฤ’ร…SFS 6OEFS QFSJPEFO IBS JOHBTร‡EBOBBฤ’ร…SFSHFOPNGร•SUT "QSJMรนรทรทรฝm"EBN(FSHF)FOSJL%JEOFS /PUFSBร…WFOBUU *14LBOUFDLOBTHFOPN rXXXBWBO[BTF   rXXXGPOENBSLOBEFOTF   rXXXOPSEOFUTF  *51,TBNUPMJLBLBQJUBMPDIGPOEGร•STร…LSJOHT  Mร•TOJOHBSLBOUFDLOBTHFOPNrXXXEBOJDBTF


'POEGÚSNÚHFOIFU *OOFIBW

"OUBM

.BUFSJBM  )ÕHBOÅT ϚϠϙϙϙϙϙ *OEVTUSJWBSPSPUKÅOTUFS  4FDVSJUBT ϟϞϜϡϝϙϙ 5SFMMFCPSH ϜϛϠϙϙϙϙ 4DBOJB# ϚϠϚϙϙϙϙ )FYBHPO ϚϡϢϢϙϙϙ 4LBOTLB ϜϜϜϞϙϙϙ "BSIVT,BSMTIBNO ϚϞϠϙϙϙϙ *OUSVN+VTUJUJB ϜϠϛϙϙϙϙ /PCJB ϟϛϢϝϙϙ #FJKFS"MNB ϝϛϞϙϙϙ )FYBHPO53 ϛϛϙϙϙϙϙ /FGBC ϠϚϚϛϙϙ "EEUFDI Ϝϡϛϛϙϙ )-%JTQMBZ ϛϛϡϠϙϙ 7#(# Ϡϛϙϙϙ .VOUFST Ϣϙϙϙϙ 4ÅMMBOLÕQTWBSPS  )FOOFT.BVSJU[ ϜϢϞϙϙϙϙ &MFDUSPMVY# Ϛϡϝϙϙϙϙ +$ Ϣϙϙϙϙϙ ,BQQBIM ϝϙϙϙϙϙ $MBT0IMTPO ϚϚϠϙϙϙ .FLPOPNFO# ϠϚϙϙϙ 'JOBOTPGBTUJHIFU  0.9 Ϟϙϙϙϙϙϙ )BOEFMTCBOLFO" ϛϜϚϙϙϙϙ $BSOFHJF Ϛϛϡϙϙϙϙ -BUPVS# ϚϢϙϙϙϙ 4ÅL* ϚϙϡϞϙϙ *OGPSNBUJPOTUFLOJL  /PLJB"#1TW ϠϙϞϙϙϙϙ &SJDTTPO# ϚϢϞϙϙϙϙϙ 5JFUP&OBUPS Ϛϡϙϙϙϙϙ 8.%BUB ϟϢϙϙϙϙϙ 5FMFDB Ϝϙϙϙϙϙϙ *#4 ϚϢϢϜϙϙϙ 0&. ϚϢϞϡϙϙ 91PO$BSE ϡϠϟϙϙ -BHFSDSBOU[ ϝϟϞϟϙϙ /PWPUFL ϝϟϟϞϙϙ

'POEFOTVUWTFEBOTUBSUFO 'POEGÕSNÕHFOIFU .LS "OUBMBOEFMBS NJMKTU  "OEFMTWÅSEF LS 6UEFMOJOH LSBOEFM 5PUBMBWLBTUO GPOEFOϗ 0.94UPDLIPMN ϗ 4*93FUVSO JOLMVUE ϗ

,VST

*OOFIBW

7ÊSEF.LS

  ϚϡϢ ϙϙ ϜϛϚ Ϝ   ϚϞϙ ϙϙ Ϣϡϙ ϡ ϚϡϚ Ϟϙ ϞϢϜ Ϟ ϜϜϡ ϙϙ ϞϠϡ ϙ ϛϟϝ ϙϙ ϞϙϚ Ϝ ϚϛϠ Ϟϙ ϝϛϞ ϛ ϚϢϜ ϙϙ ϜϙϜ ϙ ϠϚ ϙϙ ϛϟϝ Ϛ ϛϙϛ ϙϙ ϚϛϠ Ϛ ϛϝϞ ϙϙ Ϛϙϝ Ϛ ϛϟ Ϟϙ Ϟϡ Ϝ ϟϚ ϙϙ ϝϜ ϝ Ϛϙϟ Ϟϙ ϝϙ Ϡ ϚϜϚ ϙϙ Ϝϙ ϙ ϝϙϜ ϙϙ ϛϢ ϙ ϛϟϝ Ϟϙ ϛϜ ϡ   ϛϡϝ ϙϙ ϚϚϛϚ ϡ ϛϛϜ Ϟϙ ϝϚϚ ϛ ϢϢ ϙϙ ϡϢ Ϛ ϟϛ ϙϙ ϛϝ ϡ Ϛϝϝ Ϟϙ Ϛϟ Ϣ ϡϡ ϙϙ ϟ ϛ   ϚϝϢ ϙϙ ϠϝϞ ϙ ϛϚϟ Ϟϙ Ϟϙϙ Ϛ Ϛϟϝ ϙϙ ϛϙϢ Ϣ ϛϞϛ Ϟϙ ϝϡ ϙ ϜϢϚ ϙϙ ϝϛ ϝ   ϚϟϚ ϙϙ ϚϚϜϞ Ϛ ϛϢ ϟϙ ϞϠϠ ϛ Ϝϙϝ ϙϙ ϞϝϠ ϛ ϛϞ Ϟϙ ϚϠϟ ϙ ϝϛ Ϟϙ ϚϛϠ Ϟ ϛϢ ϝϙ Ϟϡ ϟ ϚϡϚ Ϟϙ ϜϞ Ϟ ϛϙϛ ϙϙ ϚϠ Ϡ Ϝϙ Ϛϙ Ϛϝ ϙ ϛϞ ϝϙ ϚϚ ϡ

ϛ ϟϗ ϛ ϟϗ ϜϜ Ϟϗ ϡ ϙϗ ϝ ϡϗ ϝ Ϡϗ ϝ Ϛϗ Ϝ Ϟϗ ϛ Ϟϗ ϛ ϛϗ Ϛ ϙϗ ϙ Ϣϗ ϙ Ϟϗ ϙ ϝϗ ϙ Ϝϗ ϙ ϛϗ ϙ ϛϗ ϙ ϛϗ ϚϜ ϟϗ Ϣ ϛϗ Ϝ ϝϗ ϙ Ϡϗ ϙ ϛϗ ϙ Ϛϗ ϙ Ϛϗ Ϛϛ ϟϗ ϟ Ϛϗ ϝ Ϛϗ Ϛ Ϡϗ ϙ ϝϗ ϙ Ϝϗ ϛϛ Ϛϗ Ϣ Ϝϗ ϝ Ϡϗ ϝ Ϟϗ Ϛ ϝϗ Ϛ ϙϗ ϙ Ϟϗ ϙ Ϝϗ ϙ Ϛϗ ϙ Ϛϗ ϙ Ϛϗ







5FMFLPNPQFSBUÕSFS 5FMFϛ# 6UMÅOETLBBLUJFJOOFIBW "MMJBO[ &LPSOFT 5PQ%BONBSL %BJNMFS$ISZTMFS /PWP/PSEJTL#

"OUBM

,VST

 ϠϢϞϙϙϙϙ  ϛϙϙϙϙϙ ϡϞϢϛϙϙ Ϛϙϙϙϙϙ ϛϚϙϙϙϙ ϚϞϙϙϙϙ

  Ϣϛ ϙϙ  ϚϛϢϞ ϡϛ ϚϞϢ ϛϜ ϢϠϛ ϜϜ ϝϝϠ ϚϜ ϝϡϛ Ϝϡ

7ÊSEF.LS   ϠϜϚ ϝ  ϛϞϢ ϛ ϚϜϟ ϡ ϢϠ ϛ ϢϜ Ϣ Ϡϛ ϝ

ϟ ϙϗ  ϟ ϙϗ Ϟ ϝϗ ϛ Ϛϗ Ϛ Ϛϗ ϙ ϡϗ ϙ ϡϗ ϙ ϟϗ

4VNNBWÅSEFQBQQFS



 ϚϚϠϜϙ ϟ ϢϞ ϡϗ

¸WSJHBUJMMHÇOHBSPDITLVMEFS #BOLUJMMHPEPIBWBOEF 'PSESJOHBS TÇMEBWÅSEFQBQQFS  6QQMVQOBLPTUOBEFS 4LVMEFS LÕQUBWÅSEFQBQQFS 

    

    

'POEGÕSNÕHFOIFU



 Ϛϛϛϝϛ ϟ Ϛϙϙ ϙϗ

 ϝϝϢ Ϛ ϡϜ ϡ Ϛϛ ϛ ϡ Ϡ

ϝ ϛϗ    

657&$,-*/(&/ "7 "/%&-47­3%&5 0$) 0.9 450$,)0-.  m 





















ϚϛϛϝϜ ϚϙϢϙϟ ϠϠϢϚ ϝϢϙϜ ϜϚϙϟ ϜϠϠϡ ϛϟϚϢ ϡϜϜ Ϛ ϝϚϟ ϟ ϛϟϛ Ϟ ϡϠ Ϛ Ϛϡ Ϟ ϟ Ϟ ϚϚ ϟϝϠ ϚϚ ϟϠϡ Ϛϙ ϢϢϙ ϡ ϛϝϢ ϟ Ϡϡϝ Ϟ ϜϟϠ Ϝ ϢϙϢ Ϛ ϝϛϡ Ϛ ϚϞϙ ϙ ϡϢϞ ϙ ϝϙϡ ϙ ϚϜϢ ϙ ϙϟϜ ϚϙϞϚ Ϛϝ ϢϜϜ ϢϚ Ϡϙϡ ϡϟ ϞϢϝ Ϝϡ ϝϞϠ ϡϙ ϠϙϜ ϡϢ ϟϟϢ ϡϞ ϞϡϜ ϜϜ Ϝϟϛ ϛϙ ϛϢϜ ϛϞ ϛϚϜ ϛϡ ϚϜϜ ϠϠ ϚϙϜ ϛϚ  Ϛϛ ϟϚ Ϣ Ϡϛ Ϛϛ ϜϜ Ϣ ϜϞ Ϝ Ϟϙ ϝ ϞϞ ϝ ϢϜ ϛ ϝϜ ϙ Ϡϙ ϙ ϟϢ   Ϛϛ ϟ Ϝϝ ϙ ϛϙ Ϣ ϜϜ ϝ Ϝϝ ϙ Ϟ Ϡ ϚϞ ϟ ϟϜ Ϛ ϛϝ Ϝ ϜϠ Ϣ ϟϙ ϛ ϛϢ ϟ Ϝ ϛ Ϛϙ ϝ Ϝϛ ϟ ϚϠ ϟ ϛϢ ϡ ϜϠ ϝ Ϛϟ Ϣ Ϛϛ ϙ ϟϟ Ϟ Ϛϙ Ϣ ϛϠ ϙ ϜϢ ϝ Ϛϡ Ϝ Ϛ ϙ Ϛϛ ϝ Ϝϟ Ϝ ϛϙ ϡ Ϝϝ ϛ ϜϞ Ϣ Ϛϝ Ϣ Ϛϙ ϡ ϟϢ ϡ ϚϜ Ϛ ϛϠ Ϣ ϝϛ ϟ ϛϙ Ϡ Ϧ

'POEFOKÊNGÚSUNFE 0.94UPDLIPMN ϗ 4*93FUVSO JOLMVUE ϗ

ϛ ϛ  ϙ ϛ

Ϛ ϝ ϛ Ϝ

Ϝ Ϝ

ϙ Ϛ

Ϝ ϟ ϙ ϡ

Ϝ ϝ ϛϛ Ϟ ϛϠ ϟ

Ϛ Ϣ ϛϙ Ϟ ϛϟ ϝ

ϝ Ϛ ϚϜ ϝ Ϛϙ ϡ ϛϙ ϡ ϚϚ Ϝ  ϛ ϛ Ϡ ϝ ϚϚ ϛ Ϣ Ϣ ϚϠ ϟ ϡ Ϣ Ϧ

0.94UPDLIPMNIFUUFUJEJHBSF4UPDLIPMN"MM4IBSFϦ 'POEFOTUBSUBEFEFOϛϚPLUPCFSϚϢϢϝ

½WSJHJOGPSNBUJPO







$PVSUBHF .LS ϡ ϝϜ  ϚϚ ϚϞ Ϣ Ϟϝ $PVSUBHFJϗBWPNTÅUUOJOH ϙ Ϛϙ  ϙ ϚϚ ϙ ϚϚ (FOPNTOJUUMJHGPOEG .LS ϚϙϚϛϞ  ϢϜϙϡ ϟϞϜϙ $PVSUBHFHFOPNTGPOEGϗ ϙ ϙϡ  ϙ Ϛϛ ϙ ϚϞ 0NTÅUUOJOHTIBTU HHSì ϙ ϝϝ  ϙ Ϟϝ ϙ Ϟϛ 5PUBMLPTUOBETBOEFM 5," ϗí Ϛ ϜϚ  Ϛ ϜϞ Ϛ ϜϢ 5PUBMFYQFOTFSBUJP 5&3 ϗî Ϛ ϛϜ  Ϛ ϛϜ Ϛ ϛϝ









ϝ ϚϠ Ϡ ϛϢ ϡ Ϛϝ ϟ ϙϛ ϙ Ϛϙ ϙ Ϛϛ ϙ Ϛϛ ϙ Ϛϟ ϝϙϚϢ ϜϞϟϙ ϜϙϠϡ ϚϜϟϙ ϙ Ϛϙ ϙ ϛϙ ϙ ϛϟ ϙ ϝϝ ϙ ϝϞ ϙ Ϡϙ ϙ ϢϢ ϙ Ϡϟ Ϛ Ϝϟ Ϛ ϝϝ Ϛ ϝϢ Ϛ Ϡϙ Ϛ ϛϟ Ϛ ϛϜ Ϛ ϛϛ Ϛ ϛϟ







ϛ ϛϟ Ϛ Ϝϡ Ϛ Ϝϟ ϙ ϛϙ ϙ ϛϙ ϙ ϛϞ ϞϞϜ ϙ Ϝϝϡ Ϡ ϚϢϟ ϝ ϙ ϝϚ ϙ ϝϙ ϙ ϟϢ ϙ ϢϜ ϙ ϡϢ Ϛ ϚϚ Ϛ Ϡϛ Ϛ Ϡϙ ϛ ϙϜ Ϛ ϜϚ Ϛ Ϝϙ Ϛ Ϝϝ





ϙ ϜϞ ϙ Ϝϙ ϜϢ Ϣ ϙ ϡϡ Ϛ ϛϛ ϛ ϛϜ Ϛ ϜϞ

ϙ ϚϞ ϙ Ϝϙ Ϛϙ Ϛ Ϛ ϝϡ Ϛ ϢϢ ϛ ϢϜ Ϛ ϝϞ

TFOBTUFϚϛNÇOBEFSOB Ϛ0NTÅUUOJOHTIBTUJHIFUEFêOJFSBTTPNGPOEFOTTBNNBOMBHEBGÕSTÅMKOJOHBWBLUJFS PNEFUÅSNJOESFÅOTVNNBLÕQ EJWJEFSBUNFEHFOPNTOJUUMJH GPOEGÕSNÕHFOIFU NÇOBETWJTCFSÅLOBU  ϛ5PUBMLPTUOBETBOEFMEFêOJFSBTTPNTBNUMJHBBWHJѫFS TFBWTOJUUFU,PTUOBEFSJGPOEFOTÇSTCFSÅUUFMTFTJEϚϝ PDIDPVSUBHFJQSPDFOUBWGPOEFOTHFOPN TOJUUMJHBGÕSNÕHFOIFUTFOBTUFϚϛNÇOBEFSOB Ϝ5PUBMFYQFOTFSBUJPEFêOJFSBTTPNTBNUMBWHJQSPDFOUBWGPOEFOTHFOPNTOJUUMJHBGÕSNÕHFOIFUVOEFSTFOBTUFϚϛNÇO EWTTPN5,"NFOGÕSVUPNDPVSUBHF 


/KvartalsrapportQ12006