Types and Uses

(1)

2.Zyfcrhy brli icrhcrs dfm djquosotolfs 2.Zyfcrhy brli icrhcrs dfm djquosotolfs jdf ec dttroeutdenc tl tgc blnnlwofh cxjcpt jdf ec dttroeutdenc tl tgc blnnlwofh cxjcpt blr.

blr.

Jlieofcm prlmujts / idr`cts Jlieofcm prlmujts / idr`cts Cipnlycc ilrdnc

Cipnlycc ilrdnc Jlst rcmujtolfs Jlst rcmujtolfs

Jrlss-mosjopnofdry tdncfts lb tgc

Jrlss-mosjopnofdry tdncfts lb tgc jlieofcmjlieofcm lrhdfozdtolf

lrhdfozdtolf

8.]ruc

8.]ruc lr Bdnsc1 D bori‟s ofmustry jglojc,lr Bdnsc1 D bori‟s ofmustry jglojc, jlipctotovc plsotolfofh dfm jlrplrdtc jlipctotovc plsotolfofh dfm jlrplrdtc strdtchy dnn ofbnucfjc tgc mobbcrcfjc strdtchy dnn ofbnucfjc tgc mobbcrcfjc ectwccf tgc bori‟s djtudn dfm rcquorcm ectwccf tgc bori‟s djtudn dfm rcquorcm rcturf lf jdpotdn..

rcturf lf jdpotdn..

]ruc ]ruc Bdnsc Bdnsc

7.Xgojg lb tgc blnnlwofh os jlrrcjt<.

]gc bofdfjodn dfdnysos prcjcmcs tgc strdtchy ]gc bofdfjodn dfdnysos prcjcmcs tgc strdtchy dfdnysos

dfdnysos

]gc prlspcjtovc dfdnysos blnnlws tgc

]gc prlspcjtovc dfdnysos blnnlws tgc bofdfjodnbofdfjodn dfdnysos

dfdnysos

]gc ofmustry dfdnysos blnnlws tgc bofdfjodn dfdnysos ]gc ofmustry dfdnysos blnnlws tgc bofdfjodn dfdnysos ]gc prlspcjtovc dfdnysos prcjcmcs tgc

]gc prlspcjtovc dfdnysos prcjcmcs tgc strdtchystrdtchy dfdnysos

dfdnysos

?.Xgojg lb tgc blnnlwofh os d pltcftodn

?.Xgojg lb tgc blnnlwofh os d pltcftodn bofmofh wgcf dfdnyzofh rcvcfucs dfm bofmofh wgcf dfdnyzofh rcvcfucs dfm hdofs<.

hdofs<.

Ucjlhfozofh iofoidn diluft blr rcscrvcs Ucjlhfozofh iofoidn diluft blr rcscrvcs Ofjrcdsc of edf` lvcrmrdbt

Ofjrcdsc of edf` lvcrmrdbt

Ucjlhfotolf lb sdncs prolr tl ofstdnndtolf dfm Ucjlhfotolf lb sdncs prolr tl ofstdnndtolf dfm djjcptdfjc lb justlicr

djjcptdfjc lb justlicr Bdjtlrofh lb rcjcovdencs Bdjtlrofh lb rcjcovdencs

4;.Xgojg `cy profjopnc of vdnudtolf rcbcrs tl 4;.Xgojg `cy profjopnc of vdnudtolf rcbcrs tl pndjofh cipgdsos lf buturc jdsg bnlws ds d pndjofh cipgdsos lf buturc jdsg bnlws ds d hcfcrdn jlfjcpt blr ilst vdnudtolf

hcfcrdn jlfjcpt blr ilst vdnudtolf

tcjgfoqucs cxjcpt blr slic jorjuistdfjcs tcjgfoqucs cxjcpt blr slic jorjuistdfjcs wgcrc vdnuc jdf ec ecttcr mcrovcm brli wgcrc vdnuc jdf ec ecttcr mcrovcm brli dssct noquomdtolf<.

dssct noquomdtolf<.

]gc vdnuc lb d eusofcss os mcbofcm lfny dt d ]gc vdnuc lb d eusofcss os mcbofcm lfny dt d spcjoboj ploft of toic

spcjoboj ploft of toic

Bori vdnuc jdf ec oipdjtcm ey

Bori vdnuc jdf ec oipdjtcm ey ufmcrnyofh fctufmcrnyofh fct tdfhoenc dsscts

tdfhoenc dsscts

Idr`ct mojtdtcs tgc dpprlprodtc rdtc lb rcturf blr Idr`ct mojtdtcs tgc dpprlprodtc rdtc lb rcturf blr ofvcstlrs

ofvcstlrs

Rdnuc vdrocs edscm lf tgc deonoty lb

Rdnuc vdrocs edscm lf tgc deonoty lb eusofcss tleusofcss tl hcfcrdtc buturc jdsg bnlws

hcfcrdtc buturc jdsg bnlws

44.[rojc, cxprcsscm of tcris lb jdsg 44.[rojc, cxprcsscm of tcris lb jdsg cquovdncfts, dt wgojg prlpcrty wlunm cquovdncfts, dt wgojg prlpcrty wlunm jgdfhc gdfms ectwccf d gypltgctojdn jgdfhc gdfms ectwccf d gypltgctojdn wonnofh dfm denc euycr dfm d gypltgctojdn wonnofh dfm denc euycr dfm d gypltgctojdn wonnofh dfm denc scnncr, djtofh dt dri‟s wonnofh dfm denc scnncr, djtofh dt dri‟s

ncfhtg of df lpcf dfm ufrcstrojtcm idr`ct, ncfhtg of df lpcf dfm ufrcstrojtcm idr`ct, wgcf fcotgcr os ufmcr jlipunsolf tl euy lr wgcf fcotgcr os ufmcr jlipunsolf tl euy lr scnn dfm wgcf eltg gdvc rcdslfdenc

scnn dfm wgcf eltg gdvc rcdslfdenc

`flwncmhc lb tgc rcncvdft bdjts..

Oftrofsoj Rdnuc Oftrofsoj Rdnuc Bdor Idr`ct Rdnuc Bdor Idr`ct Rdnuc Noquomdtolf Rdnuc Noquomdtolf Rdnuc Qlfdn Rdnuc Qlfdn Rdnuc

45.Xgojg lb tgc blnnlwofh os flt ofjnumcm of 45.Xgojg lb tgc blnnlwofh os flt ofjnumcm of tgc ufmcrstdfmofh tgc eusofcss pgdsc<.

tgc ufmcrstdfmofh tgc eusofcss pgdsc<.

Mcsjroeofh eusofcss strdtchy Mcsjroeofh eusofcss strdtchy

Sfmcrstdfmofh ofmustry pcjunodrotocs Sfmcrstdfmofh ofmustry pcjunodrotocs Dfdnyzofh prlspcjtovc ofblridtolf Dfdnyzofh prlspcjtovc ofblridtolf Ucdmofh gostlrojdn bofdfjodn stdtcicfts Ucdmofh gostlrojdn bofdfjodn stdtcicfts

(2)

4:.]gos rcbcrs tl vdnuc lb dfy dssct edscm 4:.]gos rcbcrs tl vdnuc lb dfy dssct edscm lf tgc dssuiptolf dssuiofh tgcrc os d lf tgc dssuiptolf dssuiofh tgcrc os d gypltgctojdnny jlipnctc ufmcrstdfmofh lb gypltgctojdnny jlipnctc ufmcrstdfmofh lb ots ofvcsticft jgdrdjtcrostojs tgdt wonn ots ofvcsticft jgdrdjtcrostojs tgdt wonn ecjlic tgc idr`ct vdnuc wgcf ltgcr ecjlic tgc idr`ct vdnuc wgcf ltgcr ofvcstlrs rcdjg tgc sdic jlfjnusolf.

ofvcstlrs rcdjg tgc sdic jlfjnusolf.

Bdor idr`ct vdnuc Bdor idr`ct vdnuc Hlofh jlfjcrf vdnuc Hlofh jlfjcrf vdnuc Noquomdtolf vdnuc Noquomdtolf vdnuc Oftrofsoj vdnuc Oftrofsoj vdnuc

4=.Ob tgc eusofcss prlacjts rcvcfucs stdrtofh 4=.Ob tgc eusofcss prlacjts rcvcfucs stdrtofh brli HM[ dfm jlfsuiptolf % blrcjdst, brli HM[ dfm jlfsuiptolf % blrcjdst, tgcy drc prdjtojofh wgdt<.

tgcy drc prdjtojofh wgdt<.

Gdpgdzdrm blrcjdstofh Gdpgdzdrm blrcjdstofh Elttlis-up blrcjdstofh Elttlis-up blrcjdstofh ]lp-mlwf blrcjdstofh ]lp-mlwf blrcjdstofh Zomc-ey-somc blrcjdstofh Zomc-ey-somc blrcjdstofh

43.Idofny ofvlnvcs idfdhofh tgc bori‟s 43.Idofny ofvlnvcs idfdhofh tgc bori‟s jdpotdn strujturc, ofjnumofh bufmofh slurjcs jdpotdn strujturc, ofjnumofh bufmofh slurjcs dfm strdtchocs tgdt tgc eusofcss sglunm dfm strdtchocs tgdt tgc eusofcss sglunm pursuc tl idxoiozc bori vdnuc.

pursuc tl idxoiozc bori vdnuc.

Icrhcr Icrhcr

Jlrplrdtc bofdfjc Jlrplrdtc bofdfjc [lrtblnol Idfdhcicft [lrtblnol Idfdhcicft Muc Monohcfjc

Muc Monohcfjc

42.]ruc lr Bdnsc1 Eusofcss ilmcn rcbcrs tl 42.]ruc lr Bdnsc1 Eusofcss ilmcn rcbcrs tl tgc ofgcrcft tcjgfojdn dfm cjlflioj tgc ofgcrcft tcjgfojdn dfm cjlflioj

jgdrdjtcrostojs lb df ofmustry dfm tgc trcfms jgdrdjtcrostojs lb df ofmustry dfm tgc trcfms tgdt idy dbbcjt tgos strujturc.

tgdt idy dbbcjt tgos strujturc.

48.]gcsc typc lb ofvcstlrs tcfm tl nll` blr 48.]gcsc typc lb ofvcstlrs tcfm tl nll` blr jlipdfocs wotg hllm hrlwtg prlspcjts jlipdfocs wotg hllm hrlwtg prlspcjts tgdt gdvc pllr idfdhcicft.

tgdt gdvc pllr idfdhcicft.

Jgdrtosts Jgdrtosts

Djtovost ofvcstlrs Djtovost ofvcstlrs Ofblridtolf trdmcrs Ofblridtolf trdmcrs Bufmdicftdn dfdnysts Bufmdicftdn dfdnysts

47.Xgojg lb tgc blnnlwofh os ofjlrrcjt delut 47.Xgojg lb tgc blnnlwofh os ofjlrrcjt delut tgc jlfjcpt lb vdnuc<.

tgc jlfjcpt lb vdnuc<.

Rdnuc rcbcrs tl rcslurjcs lwfcm lr jlftrlnncm ey Rdnuc rcbcrs tl rcslurjcs lwfcm lr jlftrlnncm ey d eusofcss lr df cjlflioj cftoty.

d eusofcss lr df cjlflioj cftoty.

Rdnuc os glw iujg d pdrtojundr leacjt os wlrtg tl Rdnuc os glw iujg d pdrtojundr leacjt os wlrtg tl d pdrtojundr sct lb cycs

d pdrtojundr sct lb cycs

D jlipdfy jrcdtcs vdnuc ob dfm lfny

D jlipdfy jrcdtcs vdnuc ob dfm lfny ob tgc rcturfob tgc rcturf lf jdpotdn ofvcstcm cxjccm tgc jlst lb

lf jdpotdn ofvcstcm cxjccm tgc jlst lb djquorofhdjquorofh jdpotdn

jdpotdn

Rdnuc os jrcdtcm brli tgc mob

Rdnuc os jrcdtcm brli tgc mobbcrcfjc ectwccf jdsgbcrcfjc ectwccf jdsg ofbnlws hcfcrdtcm ey df ofvcsticft dfm tgc

ofbnlws hcfcrdtcm ey df ofvcsticft dfm tgc jlstjlst dssljodtcm wotg tgc jdpotdn ofvcstcm

dssljodtcm wotg tgc jdpotdn ofvcstcm

4?.]ruc lr Bdnsc1 Ctgojdnny, dfdnysts jdf usc 4?.]ruc lr Bdnsc1 Ctgojdnny, dfdnysts jdf usc dnn ofblridtolf tgdt tgcy jdf djjcss,

dnn ofblridtolf tgdt tgcy jdf djjcss, wgctgcr puenoj lr provdtcny dvdondenc, of wgctgcr puenoj lr provdtcny dvdondenc, of lrmcr tl ml tgc vdnudtolf cxcrjosc.

lrmcr tl ml tgc vdnudtolf cxcrjosc.

5;.Xgojg lb tgc blnnlwofh ofmustry bdjtlrs 5;.Xgojg lb tgc blnnlwofh ofmustry bdjtlrs mlcs flt dbbcjt tgc edrhdofofh plwcr lb mlcs flt dbbcjt tgc edrhdofofh plwcr lb euycrs of tgc ofmustry<.

euycrs of tgc ofmustry<.

Jlfjcftrdtolf lb euycrs rcndtovc tl tgc Jlfjcftrdtolf lb euycrs rcndtovc tl tgc jlfjcftrdtolf lb scnncrs

jlfjcftrdtolf lb scnncrs

[rojc scfsotovoty lb justlicrs [rojc scfsotovoty lb justlicrs

Dnn jglojcs dbbcjt edrhdofofh plwcr lb euycrs.

Udtol lb boxcm tl vdrodenc jlsts Udtol lb boxcm tl vdrodenc jlsts

54.Xgdt os tgc rohgt scqucfjc lb tgc 54.Xgdt os tgc rohgt scqucfjc lb tgc

blnnlwofh stcps of tgc vdnudtolf prljcss<. . blnnlwofh stcps of tgc vdnudtolf prljcss<. .

4 4

Sfmcrstdfmofh tgc eusofcss Sfmcrstdfmofh tgc eusofcss

(3)

5 5

Blrcjdstofh bofdfjodn pcrblridfjc Blrcjdstofh bofdfjodn pcrblridfjc :

:

Zcncjt rohgt vdnudtolf ilmcn Zcncjt rohgt vdnudtolf ilmcn

=

[rcpdrc vdnudtolf ilmcn edscm lf blrcjdsts [rcpdrc vdnudtolf ilmcn edscm lf blrcjdsts 3

3

Dppny vdnudtolf jlfjnusolf dfm prlvomc Dppny vdnudtolf jlfjnusolf dfm prlvomc rcjliicfmdtolf

rcjliicfmdtolf

55.Xgojg hcfcroj jlrplrdtc strdtchy os 55.Xgojg hcfcroj jlrplrdtc strdtchy os mcsjroecm tl ofjur tgc nlwcst jlst dilfh mcsjroecm tl ofjur tgc nlwcst jlst dilfh idr`ct pndycrs wotg qudnoty tgdt os

idr`ct pndycrs wotg qudnoty tgdt os

jlipdrdenc tl jlipctotlrs wgojg dnnlw tgc jlipdrdenc tl jlipctotlrs wgojg dnnlw tgc bori tl sct sdncs projcs drlufm tgc ofmustry bori tl sct sdncs projcs drlufm tgc ofmustry dvcrdhc<.

dvcrdhc<.

Jlst ncdmcrsgop Jlst ncdmcrsgop Mobbcrcftodtolf Mobbcrcftodtolf Jlst bljus Jlst bljus

Mobbcrcftodtolf bljus Mobbcrcftodtolf bljus

5:.\\\\\\\\\\ rcbcrs tl tgc plssoenc rdfhc lb 5:.\\\\\\\\\\ rcbcrs tl tgc plssoenc rdfhc lb vdnucs wgcrc tgc rcdn bori vdnuc nocs.

vdnucs wgcrc tgc rcdn bori vdnuc nocs.

Rlndtonoty Rlndtonoty

Uos` lb tgc uf`flwf Uos` lb tgc uf`flwf Ofblricm hucss Ofblricm hucss Sfjcrtdofty Sfjcrtdofty

5=.]ruc lr Bdnsc1 Djtovc ofvcstlrs drc ilrc 5=.]ruc lr Bdnsc1 Djtovc ofvcstlrs drc ilrc oftcrcstcm of ufmcrstdfmofh vdnudtolf tgdf oftcrcstcm of ufmcrstdfmofh vdnudtolf tgdf pdssovc ofvcstlrs..

pdssovc ofvcstlrs..

53.Ob ylu wdft tl jliputc blr tgc gostlrojdn 53.Ob ylu wdft tl jliputc blr tgc gostlrojdn trcfm lb tgc jlipdfy's rcvcfucs, wgojg trcfm lb tgc jlipdfy's rcvcfucs, wgojg mljuicft sglunm ylu nll` dt<.

mljuicft sglunm ylu nll` dt<.

Ztdtcicft lb bofdfjodn plsotolf Ztdtcicft lb bofdfjodn plsotolf Ztdtcicft lb jdsg bnlws

Ztdtcicft lb jdsg bnlws

Ztdtcicft lb jliprcgcfsovc ofjlic Ztdtcicft lb jliprcgcfsovc ofjlic Ztdtcicft lb jgdfhcs of lwfcr's cquoty Ztdtcicft lb jgdfhcs of lwfcr's cquoty

52.]ruc lr Bdnsc1 Zdncs dfm prlbot fuiecrs 52.]ruc lr Bdnsc1 Zdncs dfm prlbot fuiecrs sglunm jlfsostcftny ilvc of tgc buturc sglunm jlfsostcftny ilvc of tgc buturc edscm lf jurrcft trcfms ob tgcrc os fl edscm lf jurrcft trcfms ob tgcrc os fl sohfobojdft ofblridtolf tgdt wonn prlvc sohfobojdft ofblridtolf tgdt wonn prlvc ltgcrwosc..

ltgcrwosc..

58.]ruc lr Bdnsc1 Tudnotdtovc bdjtlrs drc 58.]ruc lr Bdnsc1 Tudnotdtovc bdjtlrs drc jlfsomcrcm of tgc blrcjdstofh prljcss of jlfsomcrcm of tgc blrcjdstofh prljcss of lrmcr tl id`c vdnudtolf dpprlxoidtc tgc lrmcr tl id`c vdnudtolf dpprlxoidtc tgc truc rcdnoty lb tgc bori.

truc rcdnoty lb tgc bori.

57.]ruc lr Bdnsc1 Ob tgcrc drc idfy pltcftodn 57.]ruc lr Bdnsc1 Ob tgcrc drc idfy pltcftodn euycrs wotg idfy djquosotolf tdrhcts, vdnuc euycrs wotg idfy djquosotolf tdrhcts, vdnuc lb tgc tdrhct boris idy rosc sofjc tgc euycrs lb tgc tdrhct boris idy rosc sofjc tgc euycrs wonn cxprcss ilrc oftcrcst tl euy tgc

wonn cxprcss ilrc oftcrcst tl euy tgc eusofcss.

eusofcss.

5?.Zdnc lb d idalr jliplfcft lr schicft 5?.Zdnc lb d idalr jliplfcft lr schicft lb d eusofcss (c.h. erdfm lr prlmujt nofc) tl lb d eusofcss (c.h. erdfm lr prlmujt nofc) tl dfltgcr jlipdfy.

dfltgcr jlipdfy.

Movcstoturc Movcstoturc Icrhcrs Icrhcrs Djquosotolfs Djquosotolfs Zpof-lbb Zpof-lbb

:;.Xgojg lb tgc blnnlwofh os ilst rcncvdft :;.Xgojg lb tgc blnnlwofh os ilst rcncvdft blr vdnudtolf<.

blr vdnudtolf<.

Jdsg bnlws Jdsg bnlws

Djjluftofh prlbots Djjluftofh prlbots Fct rcvcfucs Fct rcvcfucs

(4)

Fct ofjlic Fct ofjlic

:4.]ruc lr Bdnsc1 Dfdnysts sglunm ec jdrcbun :4.]ruc lr Bdnsc1 Dfdnysts sglunm ec jdrcbun wgcf dfdnyzofh tdrhct boris sofjc tgcy wgcf dfdnyzofh tdrhct boris sofjc tgcy

typojdnny sglw vcry lptoiostoj prlacjtolfs of typojdnny sglw vcry lptoiostoj prlacjtolfs of lrmcr tl ofjrcdsc tgcor vdnuc..

lrmcr tl ofjrcdsc tgcor vdnuc..

:5.]ruc lr Bdnsc1 Boris wotg gohgcr :5.]ruc lr Bdnsc1 Boris wotg gohgcr

ufmcrnyofh fct tdfhoenc dssct vdnuc typojdnny ufmcrnyofh fct tdfhoenc dssct vdnuc typojdnny cxgoeots ncss stdeonoty wgojg oipdors ots hlofh cxgoeots ncss stdeonoty wgojg oipdors ots hlofh jlfjcrf vdnuc..

jlfjcrf vdnuc..

::.Xgojg lb tgc blnnlwofh os jlrrcjt<.

Fcw cftrdfts id`c rovdnry ncss oftcfsc.

Xgcf tgcrc os strlfh suppnocr plwcr, tgos

Xgcf tgcrc os strlfh suppnocr plwcr, tgos tcfms tltcfms tl id`c ofmustry prlbots nlwcr.

id`c ofmustry prlbots nlwcr.

Ofmustry rovdnry rcbcrs tl tgc rcndtolfsgops Ofmustry rovdnry rcbcrs tl tgc rcndtolfsgops ectwccf oftcrrcndtcm prlmujts dfm scrvojcs of tgc ectwccf oftcrrcndtcm prlmujts dfm scrvojcs of tgc ofmustry.

ofmustry.

Ztrlfh euycr plwcr icdfs tgdt idr`ct pndycrs Ztrlfh euycr plwcr icdfs tgdt idr`ct pndycrs drc flt mcpcfmcft tl bcw justlicrs tl

drc flt mcpcfmcft tl bcw justlicrs tl survovc.survovc.

:=.\\\\\\\\\\ dssuics tgdt tgc jlieofcm :=.\\\\\\\\\\ dssuics tgdt tgc jlieofcm vdnuc lb twl boris wonn ec hrcdtcr tgdf tgc vdnuc lb twl boris wonn ec hrcdtcr tgdf tgc sui lb scpdrdtc boris.

sui lb scpdrdtc boris.

Fctwlr` cbbcjt Fctwlr` cbbcjt Jlftrln

Jlftrln

Cjlfliocs lb sjdnc Cjlfliocs lb sjdnc Zyfcrhy

Zyfcrhy

:3.]ruc lr Bdnsc1 Sfjcrtdofty os jdpturcm of :3.]ruc lr Bdnsc1 Sfjcrtdofty os jdpturcm of vdnudtolf ilmcns tgrluhg tgc jlst lb

vdnudtolf ilmcns tgrluhg tgc jlst lb jdpotdn lr mosjluft rdtc..

jdpotdn lr mosjluft rdtc..

2.Xdtslf Jlrplrdtolf jliputcm tgc 2.Xdtslf Jlrplrdtolf jliputcm tgc blnnlwofh otcis brli ots bofdfjodn rcjlrms blnnlwofh otcis brli ots bofdfjodn rcjlrms blr tgc ycdr1 [rojc-cdrfofhs rdtol 45 [dylut blr tgc ycdr1 [rojc-cdrfofhs rdtol 45 [dylut rdtol .2 Dssct turflvcr rdtol .? ]gc movomcfm rdtol .2 Dssct turflvcr rdtol .? ]gc movomcfm yocnm lf Xdtslf‟s jliilf stlj` os.

yocnm lf Xdtslf‟s jliilf stlj` os.

(5)

4;.7%

8.3%

8.5%

8.Nujonnc Ofj. mcjndrcm ots movomcfms dt 8.Nujonnc Ofj. mcjndrcm ots movomcfms dt

[gp4.53/sgdrc. ]gc jlipdfy‟s stlj`s wcrc [gp4.53/sgdrc. ]gc jlipdfy‟s stlj`s wcrc ndst trdmcm dt [gp=3 pcr sgdrc. ]gc

ndst trdmcm dt [gp=3 pcr sgdrc. ]gc movomcfm yocnm lb tgc jlipdfy os \\\\\\..

movomcfm yocnm lb tgc jlipdfy os \\\\\\..

:2 :2

;.;57

;.57

;.57 57 57

7.]gc blnnlwofh ofblridtolf os prlvomcm 7.]gc blnnlwofh ofblridtolf os prlvomcm delut tgc jliilf stlj` lb Cvcrhrccf, Ofj.

delut tgc jliilf stlj` lb Cvcrhrccf, Ofj.

dt tgc cfm lb tgc bosjdn ycdr1 Fuiecr lb dt tgc cfm lb tgc bosjdn ycdr1 Fuiecr lb sgdrcs lutstdfmofh 4,7;;,;;; [dr vdnuc pcr sgdrcs lutstdfmofh 4,7;;,;;; [dr vdnuc pcr sgdrc [ 4;.;; Movomcfms pdom pcr sgdrc (ndst sgdrc [ 4;.;; Movomcfms pdom pcr sgdrc (ndst 45 ilftgs) [45.;; Idr`ct projc pcr sgdrc 45 ilftgs) [45.;; Idr`ct projc pcr sgdrc [4;7.;; Cdrfofhs pcr sgdrc 5=.;; ]gc projc- [4;7.;; Cdrfofhs pcr sgdrc 5=.;; ]gc projc- cdrfofhs rdtol blr Cvcrhrccf‟s jliilf

cdrfofhs rdtol blr Cvcrhrccf‟s jliilf stlj` os.

stlj` os.

:.; toics :.; toics

?.; toics

=.3 toics

=.3 toics 4;.7 toics 4;.7 toics

?.Zofhdplrc Ntm. gds rcplrtcm [gp453,;;;

rcvcfuc wgcrc tgcor CEO]MD Idrhof os =3%.

Ob tgc tdxcs drc :;% lb tgc CEO]MD, glw Ob tgc tdxcs drc :;% lb tgc CEO]MD, glw iujg os tgc Fct Jdsg Bnlws ob tgc jdpotdn iujg os tgc Fct Jdsg Bnlws ob tgc jdpotdn cxpcfmoturc wds purjgdscm dt [gp4,3;;<.

cxpcfmoturc wds purjgdscm dt [gp4,3;;<.

[gp:8,783 [gp:8,783 [gp:?,:83 [gp:?,:83

[gp32,53;

[gp=2,253 [gp=2,253

4;.]gos jliplfcft lb tgc bofdfjodn ilmcn 4;.]gos jliplfcft lb tgc bofdfjodn ilmcn scrvcs ds tgc mdsg eldrm tl cfdenc tgc scrvcs ds tgc mdsg eldrm tl cfdenc tgc ilmcncrs tl dfdnyzc tgc rcsunts dfm tl ilmcncrs tl dfdnyzc tgc rcsunts dfm tl bdjonotdtc tgc rcdmcrs‟ dpprcjodtolf lf tgc bdjonotdtc tgc rcdmcrs‟ dpprcjodtolf lf tgc rcsunts lb tgc prlacjt.

rcsunts lb tgc prlacjt.

[rl-blrid Bofdfjodn Ztdtcicfts [rl-blrid Bofdfjodn Ztdtcicfts Dssuiptolf Zgcct

Dssuiptolf Zgcct ]otnc [dhc

]otnc [dhc

Mdtd @cy Ucsunts Mdtd @cy Ucsunts

44.]ruc lr Bdnsc1 Ob Ell`-tl-Idr`ct 44.]ruc lr Bdnsc1 Ob Ell`-tl-Idr`ct

dpprldjg os uscm blr jlipdrdenc jlipdfy dpprldjg os uscm blr jlipdrdenc jlipdfy dfdnysos, tgc `cy jliplfcft lb tgc bofdfjodn dfdnysos, tgc `cy jliplfcft lb tgc bofdfjodn stdtcicft fccmcm os tgc Ztdtcicft lb

stdtcicft fccmcm os tgc Ztdtcicft lb Jliprcgcfsovc Ofjlic..

Jliprcgcfsovc Ofjlic..

Bdnsc Bdnsc ]ruc ]ruc

45.Jlrfcrstlfc Ofj. rcplrtcm rcvcfuc blr 45.Jlrfcrstlfc Ofj. rcplrtcm rcvcfuc blr tgc pcrolm diluftofh tl [gp83,5;; dfm tgc pcrolm diluftofh tl [gp83,5;; dfm CEO]MD Idrhof lb 2;%. Glw iujg os tgc CEO]MD Idrhof lb 2;%. Glw iujg os tgc lpcrdtofh cxpcfscs cxjnumofh

lpcrdtofh cxpcfscs cxjnumofh mcprcjodtolf<.

mcprcjodtolf<.

[gp83,5;;

[gp=3,45;

[gp:;,;7;

;

4:.Udpgdcn Idrjl Jlrp., d jlipdfy wotg 4:.Udpgdcn Idrjl Jlrp., d jlipdfy wotg lutstdfmofh jliilf sgdrcs lb 4,;;;,;;;

lutstdfmofh jliilf sgdrcs lb 4,;;;,;;;

dfm 4;% prcbcrrcm sgdrcs diluftofh tl dfm 4;% prcbcrrcm sgdrcs diluftofh tl [gp4,;;;,;;;. Ucplrtcm fct ofjlic lb [gp4,;;;,;;;. Ucplrtcm fct ofjlic lb Udpgdcn Idrjl os dt [gp8,53;,;;;. ]gc Udpgdcn Idrjl os dt [gp8,53;,;;;. ]gc boris soiondr tl Udpgdcn Idrjl os gdvofh d boris soiondr tl Udpgdcn Idrjl os gdvofh d [/C Iuntopnc lb =. Glw iujg os tgc cdrfofhs [/C Iuntopnc lb =. Glw iujg os tgc cdrfofhs pcr sgdrc lb Udpgdcn Idrjl Jlrp.<.

pcr sgdrc lb Udpgdcn Idrjl Jlrp.<.

[gp8.:3 [gp8.:3

(6)

[gp8.53 [gp8.53 [gp8.43 [gp8.43 [gp8.;3 [gp8.;3

4=.]ruc lr Bdnsc1 Movomcfms jdf scrvc ds d 4=.]ruc lr Bdnsc1 Movomcfms jdf scrvc ds d prlxy lb jdsg bnlws brli lpcrdtofh

prlxy lb jdsg bnlws brli lpcrdtofh djtovotocs ecblrc tdx.. Zofhnc jglojc.

djtovotocs ecblrc tdx.. Zofhnc jglojc.

(4/4 [loft) (4/4 [loft)

43.]gos rdtol scfms tgc sohfdn lf glw iujg 43.]gos rdtol scfms tgc sohfdn lf glw iujg tgc idr`ct pcrjcovcs tgc vdnuc lb tgc

tgc idr`ct pcrjcovcs tgc vdnuc lb tgc jlipdfy ds jlipdrcm tl wgdt ot djtudnny jlipdfy ds jlipdrcm tl wgdt ot djtudnny cdrfcm.

cdrfcm.

Ell`-tl-idr`ct rdtol Ell`-tl-idr`ct rdtol Movomcfm yocnm rdtol Movomcfm yocnm rdtol [rojc/cdrfofhs rdtol [rojc/cdrfofhs rdtol CEO]MD Iuntopnc CEO]MD Iuntopnc

42.Idhsdysdy Jlipdfy rcplrtcm tgc 42.Idhsdysdy Jlipdfy rcplrtcm tgc

blnnlwofh rcvcfucs of tgc ndst 3 ycdrs. _cdr blnnlwofh rcvcfucs of tgc ndst 3 ycdrs. _cdr 4 _cdr 5 _cdr : _cdr = _cdr 3 5,;;;,;;;

4 _cdr 5 _cdr : _cdr = _cdr 3 5,;;;,;;;

5,3;;,;;; 5,:5;,;;; 5,8;;,;;; :,4;;,;;;

Xgdt os tgc jliplufmcm dffudn hrlwtg Xgdt os tgc jliplufmcm dffudn hrlwtg rdtc lb tgc rcvcfucs rcplrtcm ey Idhsdysdy rdtc lb tgc rcvcfucs rcplrtcm ey Idhsdysdy Jlipdfy<.

Jlipdfy<.

?.5%

4=.7%

33.;%

48.]gc \\\\\\\\\\\\ rcprcscfts tgc projc lb 48.]gc \\\\\\\\\\\\ rcprcscfts tgc projc lb tgc eds`ct lb jliilmotocs blr d pdrtojundr tgc eds`ct lb jliilmotocs blr d pdrtojundr pcrolm.

pcrolm.

(4/4 [loft) (4/4 [loft)

Ofbndtolfdry prcioui Ofbndtolfdry prcioui Ztlj` ofmcx

Ztlj` ofmcx

[cr jdpotd jlfsuiptolf [cr jdpotd jlfsuiptolf Jlfsuicr projc ofmcx Jlfsuicr projc ofmcx

47.]gos ictroj os uscm tl dsscss deonoty lb 47.]gos ictroj os uscm tl dsscss deonoty lb tgc jlipdfy tl supplrt ots jdpotdn tgrluhg tgc jlipdfy tl supplrt ots jdpotdn tgrluhg ots cdrfofhs.

ots cdrfofhs.

Cjlflioj vdnuc dmmcm Cjlflioj vdnuc dmmcm Fct jdsg bnlw tl cquoty Fct jdsg bnlw tl cquoty Fct prcscft vdnuc Fct prcscft vdnuc

Fct jdsg bnlw tl tgc bori Fct jdsg bnlw tl tgc bori

4?.]gc blnnlwofh mdtd wcrc hdtgcrcm brli 4?.]gc blnnlwofh mdtd wcrc hdtgcrcm brli tgc dffudn rcplrt lb ]glrf [rlmujts1

tgc dffudn rcplrt lb ]glrf [rlmujts1

Idr`ct projc pcr sgdrc [gp :;.;; Fuiecr Idr`ct projc pcr sgdrc [gp :;.;; Fuiecr lb lrmofdry sgdrcs 4;,;;; Fct ofjlic [gp lb lrmofdry sgdrcs 4;,;;; Fct ofjlic [gp 4;;,;;; Lrmofdry cquoty [gp45;,;;; Xgdt 4;;,;;; Lrmofdry cquoty [gp45;,;;; Xgdt os tgc ell` tl idr`ct rdtol<.

os tgc ell` tl idr`ct rdtol<.

:.;;

;.::

;.=;

5.3;

5;.]ypojdnny, trcdsury eonns ossucm ey tgc 5;.]ypojdnny, trcdsury eonns ossucm ey tgc hlvcrficft drc tgc rcbcrcfjc ploft wgcf hlvcrficft drc tgc rcbcrcfjc ploft wgcf mctcriofofh.

mctcriofofh.

Idr`ct rcturf Idr`ct rcturf

Uos`-brcc oftcrcst rdtc Uos`-brcc oftcrcst rdtc Ucquorcm rcturf Ucquorcm rcturf Uos` prcioui Uos` prcioui

54.Nuius Jlrp. ofjurrcm eusofcss icctofhs 54.Nuius Jlrp. ofjurrcm eusofcss icctofhs cxpcfscs blr tgc ycdr diluftofh tl

cxpcfscs blr tgc ycdr diluftofh tl

(7)

[gp23,5;;.;;. ]gc jlipdfy dssuics 3%

ofbndtolf tl dnn ots cxpcfscs blr tgc blnnlwofh ofbndtolf tl dnn ots cxpcfscs blr tgc blnnlwofh ycdr. ]gc eusofcss icctofh cxpcfscs blr ycdr. ]gc eusofcss icctofh cxpcfscs blr tgc blnnlwofh ycdr os \\\\..

tgc blnnlwofh ycdr os \\\\..

[gp23,5;;

[gp27,=2;

[gp8;,;;;

[gp85,=;;

55.Dilufts lb jdsg dvdondenc blr 55.Dilufts lb jdsg dvdondenc blr

mostroeutolf tl eltg mcet dfm cquoty jndois mostroeutolf tl eltg mcet dfm cquoty jndois brli tgc eusofcss lr dssct.

brli tgc eusofcss lr dssct.

Fct jdsg bnlw tl jrcmotlrs Fct jdsg bnlw tl jrcmotlrs Fct jdsg bnlw tl tgc bori Fct jdsg bnlw tl tgc bori Lpcrdtofh jdsg bnlws Lpcrdtofh jdsg bnlws Fct jdsg bnlw tl cquoty Fct jdsg bnlw tl cquoty

5:.]ruc lr Bdnsc1 ]gc jliplfcfts lb tgc 5:.]ruc lr Bdnsc1 ]gc jliplfcfts lb tgc Dumotcm Bofdfjodn Ztdtcicfts cfdenc tgc Dumotcm Bofdfjodn Ztdtcicfts cfdenc tgc dfdnyst lr tgc bofdfjodn ilmcncr tl dsscss dfdnyst lr tgc bofdfjodn ilmcncr tl dsscss tgc buturc lb tgc jlipdfy edscm lf ots pdst tgc buturc lb tgc jlipdfy edscm lf ots pdst pcrblridfjc..

pcrblridfjc..

Bdnsc Bdnsc ]ruc ]ruc

5=.]gcsc drc ofvcsticfts wgojg drc dnrcdmy 5=.]gcsc drc ofvcsticfts wgojg drc dnrcdmy of tgc hlofh jlfjcrf stdtc, ds ilst

of tgc hlofh jlfjcrf stdtc, ds ilst

eusofcss drc of tgc lptoiostoj pcrspcjtovc eusofcss drc of tgc lptoiostoj pcrspcjtovc tgdt tgcy wonn hrlw of tgc buturc ecjdusc lb tgdt tgcy wonn hrlw of tgc buturc ecjdusc lb gostlrojdn prllb. Zofhnc jglojc.

gostlrojdn prllb. Zofhnc jglojc.

(4/4 [loft) (4/4 [loft)

Hrccf Bocnm Ofvcsticfts Hrccf Bocnm Ofvcsticfts Erlwf Bocnm Ofvcsticfts Erlwf Bocnm Ofvcsticfts Endj` Bocnm Ofvcsticfts Endj` Bocnm Ofvcsticfts Enuc Bocnm Ofvcsticfts Enuc Bocnm Ofvcsticfts

53.Hosofh Jlipdfy os prcpdrofh tgc 53.Hosofh Jlipdfy os prcpdrofh tgc blnnlwofh bofdfjodn ofblridtolf blr blnnlwofh bofdfjodn ofblridtolf blr

prcscftdtolf tl prlspcjtovc ofvcstlrs. _ prcscftdtolf tl prlspcjtovc ofvcstlrs. _ _cdr 4 _cdr 5 _cdr : Ucvcfucs 4,;;;,;;;

_cdr 4 _cdr 5 _cdr : Ucvcfucs 4,;;;,;;;

4,3;;,;;; 5,;;;,;;; Jlst lb Hllms Zlnm 4,3;;,;;; 5,;;;,;;; Jlst lb Hllms Zlnm 3;;,;;; 8;;,;;; 4,4;;,;;; Lpcrdtofh 3;;,;;; 8;;,;;; 4,4;;,;;; Lpcrdtofh Cxpcfscs :;;,;;; 3;;,;;; 8;;,;;;

Cxpcfscs :;;,;;; 3;;,;;; 8;;,;;;

Jlrplrdtc ofjlic tdx rdtc os :;%. Hosofh Jlrplrdtc ofjlic tdx rdtc os :;%. Hosofh Jlipdfy os nll`ofh dt d 3% jlfstdft Jlipdfy os nll`ofh dt d 3% jlfstdft hrlwtg lf fct jdsg bnlws dbtcr tgc tgrcc- hrlwtg lf fct jdsg bnlws dbtcr tgc tgrcc- ycdr gostlrojdn blrcjdst tgcy prcpdrcm.

ycdr gostlrojdn blrcjdst tgcy prcpdrcm.

Xcohgtcm dvcrdhc jlst lb jdpotdn lb Hosofh Xcohgtcm dvcrdhc jlst lb jdpotdn lb Hosofh Jlipdfy os 7%. ]gc lpcrdtofh cxpcfscs Jlipdfy os 7%. ]gc lpcrdtofh cxpcfscs ofjnumc dffudn mcprcjodtolf lb [gp53;,;;;.

ofjnumc dffudn mcprcjodtolf lb [gp53;,;;;.

Hosofh Jlipdfy gds nlfh-tcri mcet Hosofh Jlipdfy gds nlfh-tcri mcet diluftofh tl [gp4,;;;,;;;. Hosofh diluftofh tl [gp4,;;;,;;;. Hosofh Jlipdfy prlacjtcm tgdt ot wonn fccm Jlipdfy prlacjtcm tgdt ot wonn fccm dmmotolfdn [g[48;,;;; blr jdpotdn dmmotolfdn [g[48;,;;; blr jdpotdn

ofvcsticfts. Glw iujg os tgc prlacjtcm fct ofvcsticfts. Glw iujg os tgc prlacjtcm fct lpcrdtofh prlbot dbtcr tdx idrhof blr _cdr lpcrdtofh prlbot dbtcr tdx idrhof blr _cdr 5<.

5<.

5;%

4=%

:;.8%

4?.:%

52.]gc blnnlwofh mdtd wcrc hdtgcrcm brli 52.]gc blnnlwofh mdtd wcrc hdtgcrcm brli tgc dffudn rcplrt lb ]glrf [rlmujts1

tgc dffudn rcplrt lb ]glrf [rlmujts1

Idr`ct projc pcr sgdrc [gp :;.;; Fuiecr Idr`ct projc pcr sgdrc [gp :;.;; Fuiecr lb lrmofdry sgdrcs 4;,;;; Fct ofjlic [gp lb lrmofdry sgdrcs 4;,;;; Fct ofjlic [gp 4;;,;;; Lrmofdry cquoty [gp45;,;;; ]gc 4;;,;;; Lrmofdry cquoty [gp45;,;;; ]gc ell` vdnuc pcr sgdrc os. Zofhnc jglojc.

ell` vdnuc pcr sgdrc os. Zofhnc jglojc.

(4/4 [loft) (4/4 [loft)

[gp4=.;;

[gp:;.;;

[gp45.;;

[gp43.;;

(8)

58.Hosofh Jlipdfy os prcpdrofh tgc 58.Hosofh Jlipdfy os prcpdrofh tgc blnnlwofh bofdfjodn ofblridtolf blr blnnlwofh bofdfjodn ofblridtolf blr

prcscftdtolf tl prlspcjtovc ofvcstlrs. _ prcscftdtolf tl prlspcjtovc ofvcstlrs. _ _cdr 4 _cdr 5 _cdr : Ucvcfucs 4,;;;,;;;

_cdr 4 _cdr 5 _cdr : Ucvcfucs 4,;;;,;;;

4,3;;,;;; 5,;;;,;;; Jlst lb Hllms Zlnm 4,3;;,;;; 5,;;;,;;; Jlst lb Hllms Zlnm 3;;,;;; 8;;,;;; 4,4;;,;;; Lpcrdtofh 3;;,;;; 8;;,;;; 4,4;;,;;; Lpcrdtofh Cxpcfscs :;;,;;; 3;;,;;; 8;;,;;;

Cxpcfscs :;;,;;; 3;;,;;; 8;;,;;;

Jlrplrdtc ofjlic tdx rdtc os :;%. Hosofh Jlrplrdtc ofjlic tdx rdtc os :;%. Hosofh Jlipdfy os nll`ofh dt d 3% jlfstdft Jlipdfy os nll`ofh dt d 3% jlfstdft hrlwtg lf fct jdsg bnlws dbtcr tgc tgrcc- hrlwtg lf fct jdsg bnlws dbtcr tgc tgrcc- ycdr gostlrojdn blrcjdst tgcy prcpdrcm.

ycdr gostlrojdn blrcjdst tgcy prcpdrcm.

Xcohgtcm dvcrdhc jlst lb jdpotdn lb Hosofh Xcohgtcm dvcrdhc jlst lb jdpotdn lb Hosofh Jlipdfy os 7%. ]gc lpcrdtofh cxpcfscs Jlipdfy os 7%. ]gc lpcrdtofh cxpcfscs ofjnumc dffudn mcprcjodtolf lb [gp53;,;;;.

ofjnumc dffudn mcprcjodtolf lb [gp53;,;;;.

Hosofh Jlipdfy gds nlfh-tcri mcet Hosofh Jlipdfy gds nlfh-tcri mcet diluftofh tl [gp4,;;;,;;;. Hosofh diluftofh tl [gp4,;;;,;;;. Hosofh Jlipdfy prlacjtcm tgdt ot wonn fccm Jlipdfy prlacjtcm tgdt ot wonn fccm dmmotolfdn [g[48;,;;; blr jdpotdn dmmotolfdn [g[48;,;;; blr jdpotdn

ofvcsticfts. Glw iujg os tgc fct jdsg bnlw ofvcsticfts. Glw iujg os tgc fct jdsg bnlw lb Hosofh Jlipdfy of _4<.

lb Hosofh Jlipdfy of _4<.

[gp:?;,;;;

[gp5?;,;;;

[gp55;,;;;

[gp4=;,;;;

57.Of mctcriofofh tgc vdnuc usofh 57.Of mctcriofofh tgc vdnuc usofh jlipdrdenc jlipdfy dfdnysos, tgc jlipdrdenc jlipdfy dfdnysos, tgc blnnlwofh bdjtlrs iust ec jlfsomcrcm blnnlwofh bdjtlrs iust ec jlfsomcrcm cxjcpt.

cxjcpt.

Jlipdrdtlrs sglunm ec ofjnumcm of tgc ]lp 4;;;

jlipdfocs of tgc [gonoppofcs jlipdfocs of tgc [gonoppofcs

Jlipdrdtlrs iust ec dt ncdst wotg tgc soiondr Jlipdrdtlrs iust ec dt ncdst wotg tgc soiondr lpcrdtolfs lr of tgc soiondr ofmustry

lpcrdtolfs lr of tgc soiondr ofmustry [crolm lb lescrvdtolf iust

[crolm lb lescrvdtolf iust ec jlipdrdencec jlipdrdenc

Rdrodencs uscm of mctcriofofh tgc rdtols iust ec Rdrodencs uscm of mctcriofofh tgc rdtols iust ec tgc sdic

tgc sdic

5?.Jcrtobocm Ofj. os mcvcnlpofh ots bofdfjodn 5?.Jcrtobocm Ofj. os mcvcnlpofh ots bofdfjodn pndf blr tgc blnnlwofh ycdr. Of tgc jurrcft pndf blr tgc blnnlwofh ycdr. Of tgc jurrcft

ycdr, tgcy drc vcry jcrtdof tgdt tgc vlnuic ycdr, tgcy drc vcry jcrtdof tgdt tgc vlnuic tl ec slnm os 83; ufots dt [gp453.;; pcr tl ec slnm os 83; ufots dt [gp453.;; pcr ufot. ]gcor lpcrdtofh prlbot idrhof os =;%, ufot. ]gcor lpcrdtofh prlbot idrhof os =;%, wgojg ofjnumcs mcprcjodtolf lb [gp4,53;.

wgojg ofjnumcs mcprcjodtolf lb [gp4,53;.

Blr purplscs lb vdnudtolf, tgcy wlunm no`c Blr purplscs lb vdnudtolf, tgcy wlunm no`c tl hct quoj`ny mctcriofc tgcor CEO]MD.

tl hct quoj`ny mctcriofc tgcor CEO]MD.

Jcrtobocm Ofj os cxpcjtofh d hrlwtg rdtc lb Jcrtobocm Ofj os cxpcjtofh d hrlwtg rdtc lb 45%. ]gcy wonn flt ofjrcdsc tgcor projcs tl 45%. ]gcy wonn flt ofjrcdsc tgcor projcs tl idoftdof tgcor jdpturcm idr`ct. Edscm lf idoftdof tgcor jdpturcm idr`ct. Edscm lf tgc ofblridtolf prlvomcm, tgc prlacjtcm tgc ofblridtolf prlvomcm, tgc prlacjtcm CEO]MD blr tgc sujjccmofh ycdr os.

CEO]MD blr tgc sujjccmofh ycdr os.

[gp=3,53;

[gp=:,53;

[gp=4,53;

[gp:7,83;

:;.Jcrtobocm Ofj. os mcvcnlpofh ots bofdfjodn :;.Jcrtobocm Ofj. os mcvcnlpofh ots bofdfjodn pndf blr tgc blnnlwofh ycdr. Of tgc jurrcft pndf blr tgc blnnlwofh ycdr. Of tgc jurrcft ycdr, tgcy drc vcry jcrtdof tgdt tgc vlnuic ycdr, tgcy drc vcry jcrtdof tgdt tgc vlnuic tl ec slnm os 83; ufots dt [gp453.;; pcr tl ec slnm os 83; ufots dt [gp453.;; pcr ufot. ]gcor lpcrdtofh prlbot idrhof os =;%, ufot. ]gcor lpcrdtofh prlbot idrhof os =;%, wgcrc mcprcjodtolf os [gp4,53;. Blr

wgcrc mcprcjodtolf os [gp4,53;. Blr

purplscs lb vdnudtolf, tgcy wlunm no`c tl purplscs lb vdnudtolf, tgcy wlunm no`c tl hct quoj`ny mctcriofc tgcor CEO]MD.

hct quoj`ny mctcriofc tgcor CEO]MD.

Jcrtobocm Ofj os cxpcjtofh d hrlwtg rdtc lb Jcrtobocm Ofj os cxpcjtofh d hrlwtg rdtc lb 45%. ]gcy wonn flt ofjrcdsc tgcor projcs tl 45%. ]gcy wonn flt ofjrcdsc tgcor projcs tl idoftdof tgcor jdpturcm idr`ct. ]gc ufots idoftdof tgcor jdpturcm idr`ct. ]gc ufots tgcy drc prlacjtofh tl ec slnm tgc blnnlwofh tgcy drc prlacjtofh tl ec slnm tgc blnnlwofh ycdr os \\\\\\\.

ycdr os \\\\\\\.

83;

(9)

7=;

77;

:4.Xgdt ml ylu jdnn tgc diluft dmmcm tl :4.Xgdt ml ylu jdnn tgc diluft dmmcm tl tgc vdnuc lb d jlipdfy of lrmcr tl hdof tgc vdnuc lb d jlipdfy of lrmcr tl hdof jlftrln lvcr ot<.

jlftrln lvcr ot<.

[rcjcmcft trdfsdjtolfs [rcjcmcft trdfsdjtolfs Noquomoty prcioui Noquomoty prcioui Cdrfofh djjrctolf Cdrfofh djjrctolf

Cquoty jlftrln prcioui Cquoty jlftrln prcioui

:5.]gc blnnlwofh mcsjroecs tgc ecfcbots lb :5.]gc blnnlwofh mcsjroecs tgc ecfcbots lb gdvofh d slufm Cftcrprosc-womc Uos`

gdvofh d slufm Cftcrprosc-womc Uos`

Idfdhcicft systci cxjcpt.

Oiprlvc mostroeutolf lb rcslurjc djrlss tgc bori Oiprlvc mostroeutolf lb rcslurjc djrlss tgc bori Bdjonotdtcs cnoiofdtolf lb dnn eusofcss ros`s

Bdjonotdtcs cnoiofdtolf lb dnn eusofcss ros`s Cfgdfjc eusofcss rcsonocfjc dhdofst jgdfhcs Cfgdfjc eusofcss rcsonocfjc dhdofst jgdfhcs Idfdhc pcrblridfjc vdrodeonoty

Idfdhc pcrblridfjc vdrodeonoty

::.]gos rcbcrs tl tgc vdnuc rcjlrmcm of tgc ::.]gos rcbcrs tl tgc vdnuc rcjlrmcm of tgc djjluftofh ell`s lb d bori ds rcbncjtcm of djjluftofh ell`s lb d bori ds rcbncjtcm of tgc dumotcm bofdfjodn stdtcicfts..

tgc dumotcm bofdfjodn stdtcicfts..

Cdrfofhs pcr sgdrc Cdrfofhs pcr sgdrc Ell` vdnuc

Ell` vdnuc

Bdor idr`ct vdnuc Bdor idr`ct vdnuc Cxot vdnuc

Cxot vdnuc

:=.Udpgdcn Idrjl Jlrp., d jlipdfy wotg :=.Udpgdcn Idrjl Jlrp., d jlipdfy wotg lutstdfmofh jliilf sgdrcs lb 4,;;;,;;;

lutstdfmofh jliilf sgdrcs lb 4,;;;,;;;

dfm 4;% prcbcrrcm sgdrcs diluftofh tl dfm 4;% prcbcrrcm sgdrcs diluftofh tl [gp4,;;;,;;;. Ucplrtcm fct ofjlic lb [gp4,;;;,;;;. Ucplrtcm fct ofjlic lb Udpgdcn Idrjl os dt [gp8,53;,;;;. ]gc Udpgdcn Idrjl os dt [gp8,53;,;;;. ]gc boris soiondr tl Udpgdcn Idrjl os gdvofh d boris soiondr tl Udpgdcn Idrjl os gdvofh d [/C Iuntopnc lb =. Glw iujg os tgc

[/C Iuntopnc lb =. Glw iujg os tgc

rcdslfdenc idr`ct vdnuc pcr sgdrc lb rcdslfdenc idr`ct vdnuc pcr sgdrc lb Udpgdcn Idrjl Jlrp.<.

Udpgdcn Idrjl Jlrp.<.

[gp5?.=;

[gp5?.;;

[gp57.2;

[gp57.5;

:3.Ob ylu drc df cxtcrfdn pdrty tl tgc :3.Ob ylu drc df cxtcrfdn pdrty tl tgc

jlipdfy ylu drc vdnuofh, wgojg rcbcrcfjc jlipdfy ylu drc vdnuofh, wgojg rcbcrcfjc sglunm ylu nll` dt ob ylu wdft tl `flw sglunm ylu nll` dt ob ylu wdft tl `flw delut tgc buturc pndfs dfm strdtchoj delut tgc buturc pndfs dfm strdtchoj morcjtolf lb tgc jlipdfy tgdt drc morcjtolf lb tgc jlipdfy tgdt drc dfflufjcm puenojny<.

dfflufjcm puenojny<.

Jlrplrdtc mosjnlsurcs Jlrplrdtc mosjnlsurcs Jlftrdjts

Jlftrdjts

Dumotcm bofdfjodn stdtcicfts Dumotcm bofdfjodn stdtcicfts [ccr ofblridtolf

[ccr ofblridtolf

8.]gc blnnlwofh stdtcicfts drc truc of tgc 8.]gc blnnlwofh stdtcicfts drc truc of tgc jliputdtolf lb Cquoty Rdnuc cxjcpt.

jliputdtolf lb Cquoty Rdnuc cxjcpt.

Lutstdfmofh mcet idyec mcmujtcm brli Lutstdfmofh mcet idyec mcmujtcm brli Cftcrprosc Rdnuc tl drrovc dt Cquoty

Cftcrprosc Rdnuc tl drrovc dt Cquoty RdnucRdnuc

Lutstdfmofh mcet os mcmujtcm brli Cftcrprosc Lutstdfmofh mcet os mcmujtcm brli Cftcrprosc Rdnuc gcfjc jlst lb mcet

Rdnuc gcfjc jlst lb mcet sglunm flt ec ofjnumcm ofsglunm flt ec ofjnumcm of tgc rcquorcm rcturf

tgc rcquorcm rcturf

]criofdn Rdnuc os ofjnumcm of tgc dssuiptolf tl ]criofdn Rdnuc os ofjnumcm of tgc dssuiptolf tl oiprlvc tgc Cquoty Rdnudtolf

oiprlvc tgc Cquoty Rdnudtolf

Mcprcjodtolf oiprlvcs tgc Cquoty Rdnuc

Mcprcjodtolf oiprlvcs tgc Cquoty Rdnuc ecjduscecjdusc lb tgc tdx ecfcbot

lb tgc tdx ecfcbot ot hcfcrdtcsot hcfcrdtcs

7.Df dfdnyst jlvcrofh Huonmcrndfm Iofofh 7.Df dfdnyst jlvcrofh Huonmcrndfm Iofofh Jl. jliilf stlj` cstoidtcs tgc blnnlwofh Jl. jliilf stlj` cstoidtcs tgc blnnlwofh ofblridtolf blr fcxt ycdr. Cxpcjtcm rcturf ofblridtolf blr fcxt ycdr. Cxpcjtcm rcturf lf tgc idr`ct plrtblnol 45% Cxpcjtcm lf tgc idr`ct plrtblnol 45% Cxpcjtcm

(10)

rcturf lf ]rcdsury scjurotocs 3% Cxpcjtcm rcturf lf ]rcdsury scjurotocs 3% Cxpcjtcm ectd lb Huonmcrndfm 5.5 Ssofh tgc JD[I, ectd lb Huonmcrndfm 5.5 Ssofh tgc JD[I, tgc dfdnyst‟s cstoidtc lb fcxt ycdr‟s ros`

tgc dfdnyst‟s cstoidtc lb fcxt ycdr‟s ros`

prcioui blr Huonmcrndfm‟s stlj` os jnlscst prcioui blr Huonmcrndfm‟s stlj` os jnlscst tl.

tl.

8.;%

4;.=%

54.=%

43.=%

?.Of mctcriofofh tgc vdnuc lb tgc jlipdfy,

?.Of mctcriofofh tgc vdnuc lb tgc jlipdfy, ot os ilrc bottofh tl us tgos ob tgc dvdondenc ot os ilrc bottofh tl us tgos ob tgc dvdondenc ofblridtolf os tgc movomcfm pcr sgdrc dfm ofblridtolf os tgc movomcfm pcr sgdrc dfm tgc idr`ct vdnuc pcr sgdrc.

tgc idr`ct vdnuc pcr sgdrc.

Ell` tl Idr`ct Ell` tl Idr`ct Movomcfm _ocnm Udtol Movomcfm _ocnm Udtol [rojc Cdrfofh Udtol [rojc Cdrfofh Udtol CEO]MD Iuntopnc CEO]MD Iuntopnc

4;.]gc idr`ct vdnuc lb tgc bori os tgc rcsunt 4;.]gc idr`ct vdnuc lb tgc bori os tgc rcsunt lb\\\\\\\\\\..

lb\\\\\\\\\\..

Xlr`ofh jdpotdn mcjosolfs.

Movomcfm mcjosolfs.

Jdpotdn eumhctofh mcjosolfs.

]rdmc-lbb ectwccf ros` dfm rcturf.

44.Mll Mll Mdg Mdg gds rcvcfucs lb 44.Mll Mll Mdg Mdg gds rcvcfucs lb

[3;,;;;, hcfcrdn & dmiofostrdtovc cxpcfscs [3;,;;;, hcfcrdn & dmiofostrdtovc cxpcfscs lb [:3,;;; dfm mcprcjodtolf cxpcfsc lb lb [:3,;;; dfm mcprcjodtolf cxpcfsc lb [=,5;;.]gc bori os of tgc :7% tdx erdj`ct.

[=,5;;.]gc bori os of tgc :7% tdx erdj`ct.

Xgdt wlunm ec tgc bori's jdsg bnlw brli Xgdt wlunm ec tgc bori's jdsg bnlw brli lpcrdtolfs<

lpcrdtolfs<

[=,542 [=,542 [4;,7?2 [4;,7?2 [2,7;;

[2,7;;

[7,=42 [7,=42

45.]dffcr Jlrplrdtolf gdm fct ofjlic lb 45.]dffcr Jlrplrdtolf gdm fct ofjlic lb

$53;,;;; dfm pdom movomcfms tl jliilf

$53;,;;; dfm pdom movomcfms tl jliilf stlj`glnmcrs lb $3;,;;; of 5;;8. ]gc stlj`glnmcrs lb $3;,;;; of 5;;8. ]gc wcohgtcm dvcrdhc fuiecr lb sgdrcs wcohgtcm dvcrdhc fuiecr lb sgdrcs lutstdfmofh of 5;;8 wds 3;,;;; sgdrcs.

lutstdfmofh of 5;;8 wds 3;,;;; sgdrcs.

]dffcr Jlrplrdtolf's jliilf stlj` os ]dffcr Jlrplrdtolf's jliilf stlj` os scnnofh blr $3; pcr sgdrc lf tgc Fcw _lr`

scnnofh blr $3; pcr sgdrc lf tgc Fcw _lr`

Ztlj` Cxjgdfhc.

4; toics 4; toics 3 toics 3 toics 5 toics 5 toics 7 toics 7 toics

4:.Adyvof Drts Jlrp rcplrtcm d tltdn dsscts 4:.Adyvof Drts Jlrp rcplrtcm d tltdn dsscts lb [gp53;,;;;,;;;.;; wotg d rcturf lf tltdn lb [gp53;,;;;,;;;.;; wotg d rcturf lf tltdn dsscts lb 4;%. ]gc jlipdfy cfsurcs tgdt dsscts lb 4;%. ]gc jlipdfy cfsurcs tgdt 7;% lb tgcor fct ofjlic drc jdsg. Ob Adyvof 7;% lb tgcor fct ofjlic drc jdsg. Ob Adyvof Drts Jlrp prlacjts 4;% hrlwtg ycdr lf ycdr Drts Jlrp prlacjts 4;% hrlwtg ycdr lf ycdr dfm gds d rcquorcm rdtc lb rcturf lb 7%, tgc dfm gds d rcquorcm rdtc lb rcturf lb 7%, tgc fct prcscft vdnuc lb tgc fct jdsg bnlws blr fct prcscft vdnuc lb tgc fct jdsg bnlws blr tgc fcxt : ycdrs wotg d tcriofdn vdnuc lb tgc fcxt : ycdrs wotg d tcriofdn vdnuc lb [gp522,5;;,;;; os [gp \\\\\\\.

[gp522,5;;,;;; os [gp \\\\\\\.

58:,328,?58 58:,328,?58 583,78:,:=5 583,78:,:=5 :57,==?,87=

:57,==?,87=

:=3,3=;,7;;

4=.Lnovc [up os df dfdnyst os df ofvcsticft 4=.Lnovc [up os df dfdnyst os df ofvcsticft bori. Xgcfcvcr sgc os ds` blr prlspcjtovc bori. Xgcfcvcr sgc os ds` blr prlspcjtovc ofvcsticft gcr mcjosolf wlunm rcny lf tgc ofvcsticft gcr mcjosolf wlunm rcny lf tgc ofblridtolf tgdt jdf ec vdnomdtcm dfm wotg ofblridtolf tgdt jdf ec vdnomdtcm dfm wotg

(11)

supplrtofh mljuicftdtolf. Xgonc sgc os supplrtofh mljuicftdtolf. Xgonc sgc os 3;% ros` dvcrsc, sgc idoftdof gcr lptoiosi 3;% ros` dvcrsc, sgc idoftdof gcr lptoiosi edscm lf tgc rcplrts, gostlrojdn hrlwtg edscm lf tgc rcplrts, gostlrojdn hrlwtg pdttcrfs dfm jlupncm wotg idr`ct

pdttcrfs dfm jlupncm wotg idr`ct ofblridtolf. Lnovc [up os d \\\\\\\..

ofblridtolf. Lnovc [up os d \\\\\\\..

Bufmdicftdn Dfdnyst Bufmdicftdn Dfdnyst Djtovost Ofvcstlr Djtovost Ofvcstlr Jgdrtcrost

Jgdrtcrost

Ofblridtolf trdmcr Ofblridtolf trdmcr

43.Of jdnjundtofh tgc jlsts lb tgc ofmovomudn 43.Of jdnjundtofh tgc jlsts lb tgc ofmovomudn jliplfcfts lb d bori's bofdfjofh, tgc

jliplfcfts lb d bori's bofdfjofh, tgc

jlrplrdtc tdx rdtc os oiplrtdft tl wgojg lb jlrplrdtc tdx rdtc os oiplrtdft tl wgojg lb tgc blnnlwofh jliplfcft jlst blriunds<.

tgc blnnlwofh jliplfcft jlst blriunds<.

prcbcrrcm stlj`.

mcet.

jliilf stlj`.

flfc lb tgc delvc.

42.Ob ylu drc blrcjdstofh rcvcfucs, wgojg lb 42.Ob ylu drc blrcjdstofh rcvcfucs, wgojg lb tgc blnnlwofh otcis wonn flt ec rcncvdft<.

tgc blnnlwofh otcis wonn flt ec rcncvdft<.

Echoffofh ofvcftlry Echoffofh ofvcftlry Ucvcfuc iox

Ucvcfuc iox HM[ Blrcjdst HM[ Blrcjdst

Gostlrojdn sdncs hrlwtg Gostlrojdn sdncs hrlwtg

48.]gc blnnlwofh ofblridtolf os dvdondenc blr 48.]gc blnnlwofh ofblridtolf os dvdondenc blr Xdtslf Jlipdfy.1 Idr`ct projc pcr sgdrc Xdtslf Jlipdfy.1 Idr`ct projc pcr sgdrc lb jliilf stlj` 53.;; Cdrfofhs pcr sgdrc lb jliilf stlj` 53.;; Cdrfofhs pcr sgdrc lf jliilf stlj` 4.53 Xgojg lb tgc

lf jliilf stlj` 4.53 Xgojg lb tgc blnnlwofh stdtcicfts os jlrrcjt<.

blnnlwofh stdtcicfts os jlrrcjt<.

]gc projc-cdrfofhs rdtol os 5; dfm d sgdrc ]gc projc-cdrfofhs rdtol os 5; dfm d sgdrc lblb jliilf stlj` wds scnnofh blr 5; toics tgc diluft lb jliilf stlj` wds scnnofh blr 5; toics tgc diluft lb cdrfofhs pcr sgdrc dt tgc cfm lb 5;4?

cdrfofhs pcr sgdrc dt tgc cfm lb 5;4?

]gc projc-cdrfofhs rdtol os 3.;% dfm d sgdrc lb ]gc projc-cdrfofhs rdtol os 3.;% dfm d sgdrc lb jliilf stlj` wds scnnofh blr 3.;% ilrc tgdf jliilf stlj` wds scnnofh blr 3.;% ilrc tgdf tgctgc diluft lb cdrfofhs pcr sgdrc dt tgc

diluft lb cdrfofhs pcr sgdrc dt tgc cfm lb 5;;4?cfm lb 5;;4?

]gc projc-cdrfofhs rdtol os 4; dfm d s

]gc projc-cdrfofhs rdtol os 4; dfm d sgdrc lbgdrc lb jliilf stlj` wds scnnofh blr 453

jliilf stlj` wds scnnofh blr 453 toics tgc dilufttoics tgc diluft lb cdrfofhs pcr sgdrc dt tgc cfm lb 5;4?

lb cdrfofhs pcr sgdrc dt tgc cfm lb 5;4?

]gc idr`ct projc pcr sgdrc dfm tgc

]gc idr`ct projc pcr sgdrc dfm tgc cdrfofhs pcrcdrfofhs pcr sgdrc drc flt stdtostojdnny rcndtcm tl cdjg ltgcr.

sgdrc drc flt stdtostojdnny rcndtcm tl cdjg ltgcr.

47.Ztlj` projcs drc hrlwofh ob.

CEO]MD Iuntopnc os

CEO]MD Iuntopnc os mcjrcdsofhmcjrcdsofh Ell` tl Idr`ct Udtol os mcjrcdsofh Ell` tl Idr`ct Udtol os mcjrcdsofh [rojc Cdrfofhs Udtol os mcjrcdsofh [rojc Cdrfofhs Udtol os mcjrcdsofh Movomcfm _ocnm os ofjrcdsofh

Movomcfm _ocnm os ofjrcdsofh

4?.Of df ofmustry, tgc ros` brcc rdtc os 2%

dfm tgc ectd os 5.;. Ob tgc idr`ct rcturf os dfm tgc ectd os 5.;. Ob tgc idr`ct rcturf os 4;%, tgc jlst lb cquoty blr tgos ofmustry os 4;%, tgc jlst lb cquoty blr tgos ofmustry os

\\\\\.

4=%

4;%

7%

2%

5;.Xgojg lb tgc blnnlwofh os df ofjlrrcjt 5;.Xgojg lb tgc blnnlwofh os df ofjlrrcjt jlieofdtolf<

jlieofdtolf<

Dfdnyzofh bofdfjodn ofblridtolf1 dumotcm bofdfjodn Dfdnyzofh bofdfjodn ofblridtolf1 dumotcm bofdfjodn stdtcicfts

stdtcicfts

Sfmcrstdfmofh eusofcss ilmcn1 prlspcjtus Sfmcrstdfmofh eusofcss ilmcn1 prlspcjtus Jlipctotovc plsotolf1 jlftrdjts

Jlipctotovc plsotolf1 jlftrdjts

Sfmcrstdfmofh ofmustry prlbotdeonoty1 [lrtcrs' Bovc Sfmcrstdfmofh ofmustry prlbotdeonoty1 [lrtcrs' Bovc Blrjcs

Blrjcs

54.Zcncjtcm mdtd brli Ionmrcm Jlipdfy‟s 54.Zcncjtcm mdtd brli Ionmrcm Jlipdfy‟s ycdr-cfm bofdfjodn stdtcicfts drc prcscftcm ycdr-cfm bofdfjodn stdtcicfts drc prcscftcm ecnlw. ]gc mobbcrcfjc ectwccf dvcrdhc dfm ecnlw. ]gc mobbcrcfjc ectwccf dvcrdhc dfm cfmofh ofvcftlry os oiidtcrodn. Jurrcft cfmofh ofvcftlry os oiidtcrodn. Jurrcft rdtol 5.; Tuoj` rdtol 4.3 Jurrcft nodeonotocs rdtol 5.; Tuoj` rdtol 4.3 Jurrcft nodeonotocs [45;,;;; Ofvcftlry turflvcr (edscm lf jlst [45;,;;; Ofvcftlry turflvcr (edscm lf jlst lb sdncs) 7 toics Hrlss prlbot idrhof =;%

lb sdncs) 7 toics Hrlss prlbot idrhof =;%

Ionmrcm‟s fct sdncs blr tgc ycdr wcrc.

[7;;,;;;

[285,;;;

(12)

[=7;,;;;

[85;,;;;

55.Ds d stlj`glnmcr wgl drc oftcrcstcm of 55.Ds d stlj`glnmcr wgl drc oftcrcstcm of cdrfofh movomcfms, ylu drc ilst oftcrcstcm cdrfofh movomcfms, ylu drc ilst oftcrcstcm of `flwofh wgojg lb tgc blnnlwofh<.

of `flwofh wgojg lb tgc blnnlwofh<.

Ucvcfuc iox Ucvcfuc iox

Fct jdsg bnlws tl cquoty Fct jdsg bnlws tl cquoty Fct jdsg bnlws tl tgc bori Fct jdsg bnlws tl tgc bori

Rdrodenc dfm boxcm jlst strujturc Rdrodenc dfm boxcm jlst strujturc

5:.Gohg Glpcs Ofj os tdrhctofh tl got tgc fct 5:.Gohg Glpcs Ofj os tdrhctofh tl got tgc fct jdsg bnlws brli lpcrdtofh djtovotocs blr tgc jdsg bnlws brli lpcrdtofh djtovotocs blr tgc blnnlwofh ycdrs1 _cdr 4 - [gp33,;;;,;;;

blnnlwofh ycdrs1 _cdr 4 - [gp33,;;;,;;;

_cdr 5 - [gp38,83;,;;; _cdr : - _cdr 5 - [gp38,83;,;;; _cdr : -

[gp2;,2:8,3;; Of lrmcr tl rcdnozc tgc [gp2;,2:8,3;; Of lrmcr tl rcdnozc tgc hrlwtg, tgc jlipdfy idy ofvcst burtgcr hrlwtg, tgc jlipdfy idy ofvcst burtgcr [gp453,;;;,;;; tl ec bufmcm ey 3;% mcet [gp453,;;;,;;; tl ec bufmcm ey 3;% mcet ey cfm lb _cdr 4. Edscm lf tgc blrchlofh, ob ey cfm lb _cdr 4. Edscm lf tgc blrchlofh, ob tgc rcquorcm rcturf os 4=%, Gohg Glpcs tgc rcquorcm rcturf os 4=%, Gohg Glpcs Ofj's cftcrprosc vdnuc, cxjnumofh tcriofdn Ofj's cftcrprosc vdnuc, cxjnumofh tcriofdn vdnuc os delut [gp \\\\\\\.

vdnuc os delut [gp \\\\\\\.

5=,;;;,;;;

(5=,;;;,;;;) (5=,;;;,;;;) (:?,;;;,;;;) (:?,;;;,;;;) :?,;;;,;;;

:?,;;;,;;;

5=.]gc movomcfm-pdylut rdtol os cqudn tl.

movomcfms pcr sgdrc movomcm ey pdr vdnuc pcr movomcfms pcr sgdrc movomcm ey pdr vdnuc pcr sgdrc.

sgdrc.

movomcfms pcr sgdrc movomcm ey jurrcft projc pcr movomcfms pcr sgdrc movomcm ey jurrcft projc pcr sgdrc.

sgdrc.

tgc movomcfm yocnm pnus tgc jdpotdn hdofs yocnm.

movomcfms pcr sgdrc movomcm ey cdrfofhs pcr movomcfms pcr sgdrc movomcm ey cdrfofhs pcr sgdrc.

sgdrc.

53.D jlipdfy lbbcrs ufoquc prlmujts tgdt 53.D jlipdfy lbbcrs ufoquc prlmujts tgdt drc womcny vdnucm ey justlicrs, ot os no`cny drc womcny vdnucm ey justlicrs, ot os no`cny tl blnnlw d1.

tl blnnlw d1.

Jlst ncdmcrsgop strdtchy Jlst ncdmcrsgop strdtchy Bljus strdtchy

Bljus strdtchy

Jlieofdtolf strdtchy Jlieofdtolf strdtchy Mobbcrcftodtolf strdtchy Mobbcrcftodtolf strdtchy

52.Iojl Jlrp. os pndffofh tl ofvcst blr 52.Iojl Jlrp. os pndffofh tl ofvcst blr

[gp3,;;; Ionnolf dfm cxpcjtofh df dvcrdhc [gp3,;;; Ionnolf dfm cxpcjtofh df dvcrdhc cdrfofhs lb [gp83; Ionnolf. ]gc cjlflioj cdrfofhs lb [gp83; Ionnolf. ]gc cjlflioj vdnuc dmmcm blr tgos ofvcsticft wotg d vdnuc dmmcm blr tgos ofvcsticft wotg d rcquorcm rcturf lb 45% os [gp \\\\\\.

rcquorcm rcturf lb 45% os [gp \\\\\\.

(43; Ionnolf) (43; Ionnolf) 43; Ionnolf 43; Ionnolf (53; Ionnolf) (53; Ionnolf) 53; Ionnolf 53; Ionnolf

58.Adyvof Drts Jlrp rcplrtcm d tltdn dsscts 58.Adyvof Drts Jlrp rcplrtcm d tltdn dsscts lb [gp53;,;;;,;;;.;; wotg d rcturf lf tltdn lb [gp53;,;;;,;;;.;; wotg d rcturf lf tltdn dsscts lb 4;%. ]gc jlipdfy cfsurcs tgdt dsscts lb 4;%. ]gc jlipdfy cfsurcs tgdt 7;% lb tgcor fct ofjlic drc jdsg. Ob Adyvof 7;% lb tgcor fct ofjlic drc jdsg. Ob Adyvof Drts Jlrp prlacjts 45% hrlwtg ycdr lf ycdr Drts Jlrp prlacjts 45% hrlwtg ycdr lf ycdr dfm gds d rcquorcm rdtc lb rcturf lb 7%, tgc dfm gds d rcquorcm rdtc lb rcturf lb 7%, tgc fct prcscft vdnuc lb tgc fct jdsg bnlws blr fct prcscft vdnuc lb tgc fct jdsg bnlws blr tgc fcxt : ycdrs os [gp \\\\\\\.

tgc fcxt : ycdrs os [gp \\\\\\\.

7;,2?=,;;;

(13)

53,4?3,35;

54,347,=;;

57.Cnoadg Bllms Ofj. (CBO) gds d idr`ct 57.Cnoadg Bllms Ofj. (CBO) gds d idr`ct jdpotdnozdtolf lb [gp=,82;,27;,;;; dfm jdpotdnozdtolf lb [gp=,82;,27;,;;; dfm CEO]MD iuntopnc lb =.;. Gostlrojdnny, tgc CEO]MD iuntopnc lb =.;. Gostlrojdnny, tgc jlipdfy gds d dbtcr tdx prlbot idrhof lb jlipdfy gds d dbtcr tdx prlbot idrhof lb 5;%, ecblrc tdx prlbot idrhof lb :;%, 5;%, ecblrc tdx prlbot idrhof lb :;%, CEO]MD idrhof lb 3;%. CBO's Fct Ofjlic CEO]MD idrhof lb 3;%. CBO's Fct Ofjlic ecblrc tdx os delut [gp \\\\\\\\\\\\.

ecblrc tdx os delut [gp \\\\\\\\\\\\.

=82,;27,;;;.;;

84=,4;5,;;;.;;

8?:,==2,222.28 8?:,==2,222.28 3;;,;;;,;;;.;;

3;;,;;;,;;;.;;

5?.Gohg Glpcs Ofj os tdrhctofh tl got tgc fct 5?.Gohg Glpcs Ofj os tdrhctofh tl got tgc fct jdsg bnlws brli lpcrdtofh djtovotocs blr tgc jdsg bnlws brli lpcrdtofh djtovotocs blr tgc blnnlwofh ycdrs1 _cdr 4 - [gp33,;;;,;;;

[gp2;,2:8,3;; Of lrmcr tl rcdnozc tgc [gp2;,2:8,3;; Of lrmcr tl rcdnozc tgc hrlwtg, tgc jlipdfy idy ofvcst burtgcr hrlwtg, tgc jlipdfy idy ofvcst burtgcr [gp453,;;;,;;; tl ec bufmcm ey 3;% mcet [gp453,;;;,;;; tl ec bufmcm ey 3;% mcet ey cfm lb _cdr 4. Edscm lf tgc blrchlofh, ob ey cfm lb _cdr 4. Edscm lf tgc blrchlofh, ob tgc rcquorcm rcturf os 4=%, Gohg Glpcs tgc rcquorcm rcturf os 4=%, Gohg Glpcs Ofj's cquoty vdnuc, cxjnumofh tcriofdn vdnuc Ofj's cquoty vdnuc, cxjnumofh tcriofdn vdnuc os delut [gp \\\\\\\.

os delut [gp \\\\\\\.

(5=,;;;,;;;) (5=,;;;,;;;) 5=,;;;,;;;

5=,;;;,;;;

:?,;;;,;;;

(:?,;;;,;;;) (:?,;;;,;;;)

:;.Ndj` lb idr`ctdeonoty mosjluft os.

hovcf tl auf` elfms hovcf tl auf` elfms

jlfsomcrcm wgcf projc lb sgdrcs drc ncss noquom jlfsomcrcm wgcf projc lb sgdrcs drc ncss noquom jlipdrcm tl djtovcny trdmcm stlj`s

jlipdrcm tl djtovcny trdmcm stlj`s

dmmotolfdn vdnuc dbblrmcm tl stlj`s wgojg hovc dmmotolfdn vdnuc dbblrmcm tl stlj`s wgojg hovc jlftrlnnofh plwcr tl tgc ofvcstlr

jlftrlnnofh plwcr tl tgc ofvcstlr hovcf blr stlj`s tgdt

hovcf blr stlj`s tgdt jdfflt ec cdsony slnm dsjdfflt ec cdsony slnm ds tgcrc os fl rcdmy idr`ct blr ot

tgcrc os fl rcdmy idr`ct blr ot

:4.Df lbbcr blr Sf`flwf Jlrp's stlj` os :4.Df lbbcr blr Sf`flwf Jlrp's stlj` os [gp5; pcr sgdrc. ]gc movomcfm plnojy os tl [gp5; pcr sgdrc. ]gc movomcfm plnojy os tl mostroeutc d rchundr movomcfms lb [gp:.;;

mostroeutc d rchundr movomcfms lb [gp:.;;

pcr sgdrc. Ob tgc rcquorcm rcturf blr tgos pcr sgdrc. Ob tgc rcquorcm rcturf blr tgos ofvcsticft os 42%, tgc lbbcr blr tgc stlj`

ofvcsticft os 42%, tgc lbbcr blr tgc stlj`

sglunm ec dt ilst [gp \\\\/sgdrc.

5;.;;

4?.3;

4?.53 4?.53 47.83 47.83

:5.Df dfdnyst os nll`ofh ofvcstofh of d :5.Df dfdnyst os nll`ofh ofvcstofh of d jlipdfy dntgluhg gc os jlfsomcrofh : jlipdfy dntgluhg gc os jlfsomcrofh : hrlwtg sjcfdrols ds blnnlws1 Zjcfdrol D - hrlwtg sjcfdrols ds blnnlws1 Zjcfdrol D - 4;%0 Zjcfdrol E - 45%0 dfm Zjcfdrol J - 4;%0 Zjcfdrol E - 45%0 dfm Zjcfdrol J - 43%. Burtgcr dsscssofh tgcsc sjcfdrols ot os 43%. Burtgcr dsscssofh tgcsc sjcfdrols ot os blufm tgdt tgc prledeonoty lb ljjurrcfjc blufm tgdt tgc prledeonoty lb ljjurrcfjc wlunm ec =;%, =;%, dfm 5;%, rcspcjtovcny.

wlunm ec =;%, =;%, dfm 5;%, rcspcjtovcny.

Edscm lf tgc blrchlofh, tgc wcohgtcm Edscm lf tgc blrchlofh, tgc wcohgtcm dvcrdhc hrlwtg rdtc os \\\\\\..

dvcrdhc hrlwtg rdtc os \\\\\\..

43.;;%

45.::%

44.7;%

4;.;;%

::.Ml Udyilfm os d gohg jdnoecr dfdnyst ::.Ml Udyilfm os d gohg jdnoecr dfdnyst dfm erl`cr. Gc spcfms cvcry ilrfofh dfm erl`cr. Gc spcfms cvcry ilrfofh

rcdmofh tgc fcwspdpcrs ecblrc tgc trdmofh rcdmofh tgc fcwspdpcrs ecblrc tgc trdmofh bnllr lpcfs. Murofh nufjgtoic gc iccts bnllr lpcfs. Murofh nufjgtoic gc iccts wotg slic lb gos jlnncdhucs. Gc idoftdofs d wotg slic lb gos jlnncdhucs. Gc idoftdofs d hrlup pdhc of sljodn icmod tgdt mosjusscs hrlup pdhc of sljodn icmod tgdt mosjusscs

(14)

tgc trcfms. Ds d plrtblnol idfdhcr, gc os tgc trcfms. Ds d plrtblnol idfdhcr, gc os jlfsomcrcm ds d \\\\\\\\\\\..

jlfsomcrcm ds d \\\\\\\\\\\..

Bufmdicftdn Dfdnyst Bufmdicftdn Dfdnyst Djtovost Ofvcstlr Djtovost Ofvcstlr Jgdrtcrost

Jgdrtcrost

Ofblridtolf ]rdmcr Ofblridtolf ]rdmcr

:=.]gos rcbcrs tl tgc vdnuc lb dfy dssct :=.]gos rcbcrs tl tgc vdnuc lb dfy dssct edscm lf tgc dssuiptolf tgdt tgcrc os d edscm lf tgc dssuiptolf tgdt tgcrc os d gypltgctojdnny jlipnctc ufmcrstdfmofh lb gypltgctojdnny jlipnctc ufmcrstdfmofh lb ots ofvcsticft jgdrdjtcrostojs..

ots ofvcsticft jgdrdjtcrostojs..

Bdor idr`ct vdnuc Bdor idr`ct vdnuc Hlofh jlfjcrf vdnuc Hlofh jlfjcrf vdnuc Noquomdtolf vdnuc Noquomdtolf vdnuc Oftrofsoj vdnuc Oftrofsoj vdnuc

:3.Zdislf‟s

:3.Zdislf‟s Zdoneldts Ofj. rcjcftny rcplrtcm Zdoneldts Ofj. rcjcftny rcplrtcm tgc blnnlwofh ofjlic stdtcicft 5;4? Zdncs tgc blnnlwofh ofjlic stdtcicft 5;4? Zdncs [:,3;; Lpcrdtofh jlsts 5,3;; CEO] [4,;;;

[:,3;; Lpcrdtofh jlsts 5,3;; CEO] [4,;;;

Oftcrcst 5;; CE] [ 7;; ]dxcs (=;%) :5; Fct Oftcrcst 5;; CE] [ 7;; ]dxcs (=;%) :5; Fct ofjlic [ =7; Movomcfms (=;%) [ 4?5

ofjlic [ =7; Movomcfms (=;%) [ 4?5 Dmmotolf tl rctdofcm cdrfofhs [ 577 ]gos Dmmotolf tl rctdofcm cdrfofhs [ 577 ]gos ycdr tgc jlipdfy os blrcjdstofh d =;

ycdr tgc jlipdfy os blrcjdstofh d =;

pcrjcft ofjrcdsc of sdncs, dfm ot cxpcjts tgdt pcrjcft ofjrcdsc of sdncs, dfm ot cxpcjts tgdt ots ycdr-cfm lpcrdtofh jlsts wonn mcjnofc tl ots ycdr-cfm lpcrdtofh jlsts wonn mcjnofc tl 2; pcrjcft lb sdncs. Zdislf‟s tdx rdtc, 2; pcrjcft lb sdncs. Zdislf‟s tdx rdtc,

oftcrcst cxpcfsc, dfm movomcfm pdylut rdtol oftcrcst cxpcfsc, dfm movomcfm pdylut rdtol drc dnn cxpcjtcm tl rcidof jlfstdft. Xgdt os drc dnn cxpcjtcm tl rcidof jlfstdft. Xgdt os Zdislf‟s prlacjtcm

Zdislf‟s prlacjtcm 5;5; fct ofjlic<. 5;5; fct ofjlic<.

[?:4 [?:4 [4,;32 [4,;32 [883 [883 [53=

[53=

:2.]gc blnnlwofh ofblridtolf pcrtdofs tl :2.]gc blnnlwofh ofblridtolf pcrtdofs tl ]dfzo Jlipdfy. Dssuic tgdt dnn edndfjc ]dfzo Jlipdfy. Dssuic tgdt dnn edndfjc

sgcct dilufts rcprcscft eltg dvcrdhc dfm sgcct dilufts rcprcscft eltg dvcrdhc dfm cfmofh edndfjc bohurcs. Dssuic tgdt dnn cfmofh edndfjc bohurcs. Dssuic tgdt dnn sdncs wcrc lf jrcmot. Ofjlic Ztdtcicft sdncs wcrc lf jrcmot. Ofjlic Ztdtcicft Zdncs [ ?;,;;; Jlst lb hllms slnm =3,;;;

Zdncs [ ?;,;;; Jlst lb hllms slnm =3,;;;

Hrlss idrhof =3,;;; Lpcrdtofh cxpcfscs Hrlss idrhof =3,;;; Lpcrdtofh cxpcfscs 5;,;;; Fct ofjlic [ 53,;;; Fuiecr lb 5;,;;; Fct ofjlic [ 53,;;; Fuiecr lb sgdrcs lb jliilf stlj` 2,;;; Idr`ct projc sgdrcs lb jliilf stlj` 2,;;; Idr`ct projc lb jliilf stlj` [5; Movomcfms pcr sgdrc lb jliilf stlj` [5; Movomcfms pcr sgdrc 4.;; Jdsg prlvomcm ey lpcrdtolfs [=;,;;;

4.;; Jdsg prlvomcm ey lpcrdtolfs [=;,;;;

Xgdt os tgc cdrfofhs pcr sgdrc lf jliilf Xgdt os tgc cdrfofhs pcr sgdrc lf jliilf stlj`<.

stlj`<.

[=.48 [=.48 [2.22 [2.22 [4.;;

[4.;;

[3.;;

:8.]gc blnnlwofh jdf ec rcdslfdenc edsos :8.]gc blnnlwofh jdf ec rcdslfdenc edsos blr mctcriofdtolf lb tcriofdn vdnuc cxjcpt.

blr mctcriofdtolf lb tcriofdn vdnuc cxjcpt.

Fct jdsg bnlws dfm mosjluft rdtc Fct jdsg bnlws dfm mosjluft rdtc Fct jdsg bnlws dfm hrlwtg rdtc Fct jdsg bnlws dfm hrlwtg rdtc Fct jdsg bnlws dfm mosjluft ncss

Fct jdsg bnlws dfm mosjluft ncss hrlwtg rdtchrlwtg rdtc Fct jdsg bnlws dfm mosjluft pnus

Fct jdsg bnlws dfm mosjluft pnus hrlwtg rdtchrlwtg rdtc

:7.]gc fct jdsg bnlw os [43,;;; dfm tgc fct :7.]gc fct jdsg bnlw os [43,;;; dfm tgc fct ofvcsticft of lpcrdtofh jdpotdn os [?,;;;.

ofvcsticft of lpcrdtofh jdpotdn os [?,;;;.

Xgdt os tgc fct lpcrdtofh prlbot dbtcr Xgdt os tgc fct lpcrdtofh prlbot dbtcr tdxcs<.

tdxcs<.

-2,;;;

-5=,;;;

5=,;;;

2,;;;

:?.Cnoadg Bllms Ofj. (CBO) gds d idr`ct :?.Cnoadg Bllms Ofj. (CBO) gds d idr`ct jdpotdnozdtolf lb [gp=,82;,27;,;;;. Of d jdpotdnozdtolf lb [gp=,82;,27;,;;;. Of d lpcrdtofh pcrolm, CBO rcplrtcm d rcvcfuc lb lpcrdtofh pcrolm, CBO rcplrtcm d rcvcfuc lb [gp3,2;;,7;;,;;;. Gostlrojdnny, tgc jlipdfy [gp3,2;;,7;;,;;;. Gostlrojdnny, tgc jlipdfy

(15)

gds d dbtcr tdx prlbot idrhof lb 5;%, ecblrc gds d dbtcr tdx prlbot idrhof lb 5;%, ecblrc tdx prlbot idrhof lb :;%, CEO]MD idrhof lb tdx prlbot idrhof lb :;%, CEO]MD idrhof lb 3;%. CBO's [/C rdtol os \\\\.

3;%. CBO's [/C rdtol os \\\\.

4.8;

5.7:

=.53

=.53 3.;;

3.;;

=;.]l ofjrcdsc tgc hovcf prcscft vdnuc, tgc

=;.]l ofjrcdsc tgc hovcf prcscft vdnuc, tgc mosjluftcm rdtc sglunm ec dmaustcm.

mosjluftcm rdtc sglunm ec dmaustcm.

Mlwfwdrm.

Spwdrm.

Jlfstdft.

Fl jgdfhc.

=4.Gohg Glpcs Ofj os tdrhctofh tl got tgc fct

=4.Gohg Glpcs Ofj os tdrhctofh tl got tgc fct jdsg bnlws brli lpcrdtofh djtovotocs blr tgc jdsg bnlws brli lpcrdtofh djtovotocs blr tgc blnnlwofh ycdrs1 _cdr 4 - [gp33,;;;,;;;

[gp2;,2:8,3;; Of lrmcr tl rcdnozc tgc [gp2;,2:8,3;; Of lrmcr tl rcdnozc tgc hrlwtg, tgc jlipdfy idy ofvcst burtgcr hrlwtg, tgc jlipdfy idy ofvcst burtgcr [gp453,;;;,;;; tl ec bufmcm ey 3;% mcet [gp453,;;;,;;; tl ec bufmcm ey 3;% mcet dt tgc echoffofh lb _cdr 4. Edscm lf tgc dt tgc echoffofh lb _cdr 4. Edscm lf tgc blrchlofh, ob tgc rcquorcm rcturf os 4=%, blrchlofh, ob tgc rcquorcm rcturf os 4=%, Gohg Glpcs Ofj's cquoty vdnuc, wotg d Gohg Glpcs Ofj's cquoty vdnuc, wotg d

tcriofdn vdnuc lb [gp28:,83;,;;;, os delut tcriofdn vdnuc lb [gp28:,83;,;;;, os delut [gp \\\\\\\.

[gp \\\\\\\.

=7;,;;;,;;;

=;4,;;;,;;;

5=,;;;,;;;

:?,;;;,;;;

=5.Lnyipus Ofj. of ots dffudn rcvocw lb tgc

=5.Lnyipus Ofj. of ots dffudn rcvocw lb tgc jlrplrdtc pcrblridfjc bofm tgdt ot wlunm jlrplrdtc pcrblridfjc bofm tgdt ot wlunm ec ecst tl djquorc fcw eusofcss of tgcor ec ecst tl djquorc fcw eusofcss of tgcor plrtblnol ufblrtufdtcny tgcor bufms wcft plrtblnol ufblrtufdtcny tgcor bufms wcft sglrt. Dtnds Jlrp dhrccm tl purjgdsc bllm sglrt. Dtnds Jlrp dhrccm tl purjgdsc bllm

prljcssofh nofc. ]gc strdtchy td`cf ey prljcssofh nofc. ]gc strdtchy td`cf ey Lnyipus os `flwf ds \\\\\\..

Lnyipus os `flwf ds \\\\\\..

Icrhcr Icrhcr

Ncvcrdhcm Euylut Ncvcrdhcm Euylut Zpof Lbb

Zpof Lbb Movcstoturc Movcstoturc

=:.Ucjtl Jl. gds d projc cdrfofhs rdtol lb

=:.Ucjtl Jl. gds d projc cdrfofhs rdtol lb 4;, cdrfofhs pcr sgdrc lb [5.5;, dfm d pdy 4;, cdrfofhs pcr sgdrc lb [5.5;, dfm d pdy lut rdtol lb 83%. ]gc movomcfm yocnm os.

lut rdtol lb 83%. ]gc movomcfm yocnm os.

Zofhnc jglojc.

(4/4 [loft) (4/4 [loft)

53.;%

55.;%

4;.;%

8.3%

==.Iojl Jlrp. os pndffofh tl ofvcst blr

[gp3,;;; Ionnolf dfm cxpcjtofh df dvcrdhc [gp3,;;; Ionnolf dfm cxpcjtofh df dvcrdhc cdrfofhs lb [gp:83 Ionnolf. ]gc cjlflioj cdrfofhs lb [gp:83 Ionnolf. ]gc cjlflioj vdnuc dmmcm blr tgos ofvcsticft wotg d vdnuc dmmcm blr tgos ofvcsticft wotg d rcquorcm rcturf lb 4;% os [gp \\\\\\.

rcquorcm rcturf lb 4;% os [gp \\\\\\.

(453 Ionnolf) (453 Ionnolf) 453 Ionnolf 453 Ionnolf (783 Ionnolf) (783 Ionnolf) 783 Ionnolf 783 Ionnolf

=3.Xgojg lb tgc blnnlwofh os jlrrcjt<.

Of lrmcr tl djjluft blr

Of lrmcr tl djjluft blr scdslfdnoty, bofdfjodnscdslfdnoty, bofdfjodn prlacjtolfs sglunm ec mlfc dffudnny.

prlacjtolfs sglunm ec mlfc dffudnny.

Blrcjdstofh stdrts wotg tgc prcpdrdtolf lb tgc Blrcjdstofh stdrts wotg tgc prcpdrdtolf lb tgc prlacjtcm ofjlic stdtcicft.

prlacjtcm ofjlic stdtcicft.

Xgcf id`ofh prlacjtolfs, ofjrcdsc of v

Xgcf id`ofh prlacjtolfs, ofjrcdsc of vlnuiclnuic sglunm dnwdys ncdm tl ofjrcdsc of hrlss prlbot.

sglunm dnwdys ncdm tl ofjrcdsc of hrlss prlbot.

Elttli-up blrcjdstofh uscs pcr jdpotd Elttli-up blrcjdstofh uscs pcr jdpotd jlfsuiptolf blrcjdsts ds stdrtofh ploft.

jlfsuiptolf blrcjdsts ds stdrtofh ploft.

=2.Cvdfhcnolf Ofj. gds lutstdfmofh sgdrcs

=2.Cvdfhcnolf Ofj. gds lutstdfmofh sgdrcs lb 4,3;;,;;; dfm dvcrdhc idr`ct vdnuc pcr lb 4,3;;,;;; dfm dvcrdhc idr`ct vdnuc pcr sgdrc lb [gp 55.3;. ]gc jlipdfy os

sgdrc lb [gp 55.3;. ]gc jlipdfy os

(16)

gostlrojdnny cdrfofh :;% prlbot idrhof.

Cvdfhcnolf Ofj's dvcrdhc rcvcfuc, ob tgc [/C Cvdfhcnolf Ofj's dvcrdhc rcvcfuc, ob tgc [/C rdtol os =.;, sglunm ec [gp \\\\\\\\..

rdtol os =.;, sglunm ec [gp \\\\\\\\..

=3,;;;,;;;

::,83;,;;;

57,453,;;;

7,=:8,3;;

=8.]gc blnnlwofh ofblridtolf pcrtdofs tl

=8.]gc blnnlwofh ofblridtolf pcrtdofs tl ]dfzo Jlipdfy. Dssuic tgdt dnn edndfjc ]dfzo Jlipdfy. Dssuic tgdt dnn edndfjc sgcct dilufts rcprcscft eltg dvcrdh