32
ࡱ > [ bjbj .J j j ~g l 3 3 3 3 l 4 l Ʌ R 5 L 5 5 5 5 5 5 5 $ ; i 5 5 5 5 5 &? 5 5 &? &? &? 5 5 5 &? 5 &? X &? ~? DP | z 5 5 bI . 3 ; . f : z l
0 Ʌ h ϊ > R ϊ z &? # !/ #"&/
! 5 0 5 0 6 0
1 . "5:AB >1JO2;5=8O
1 . 1 . ;LD0- 0=: A>>1I05B > ?@>2545=88 6 40 2 &5=B@0;L=>D8A5 0=:0 ( 3. >A:20, C;. 0;0=G52A:0O, 2 7 , A<. H Y P E R L I N K " h t t p : / / w w w . a l f a b a n k . r u / c o o r d s / " AE5B:@KB>3> :>=:C@A0 ?> 2K1>@C ?0@B=5@>2 4;O ?@>2545=8O @5=B=>- AB@>8B5;L=KE @01>B 2 =>2>D8A5 D8;80;0 :0B5@8=1C@3A:89 ?> 04@5AC 3. :0B5@8=1C@3, C;. 8 0@B0, 1 0 / 0;KH520, 4 2 ( ;8B5@ ) .
1 . 2 . @0B:85 E0@0:B5@8AB8:8 >1J5:B0: ?><5I5=8O 4;O @071>9 G0ABL ?>3> 8 2B>@>3> MB0659 G5BK@5EMB06=>3> :8@?8G=>3> 740=8O :>=B>@A:>3> =07=0G5=8O 1I0O ?;>I04L ?><5I5=89 1 2 3 5 , 4 :2. 5 7040=85 : :>=:C@A=>9 4>:C65=85 !1 ) .
1 . 3 . @54=:C@A0 O2;O5BAO =08;CGH55 ?@54;>65=85 > 70:;NG5=88 >3>2>@0 AB@>8B5;L=>3> ?>4@O40 =0 A;54CNI8E CA;>28OE:
:>;8G5AB2> 8 :0G5AB2> 2K?>;=O5B:
?@>2545=85 @5=B=>- AB@>8B5;L=KE @01>B 2 =>2>D8A5 D8;80;0 :0B5@8=1C@3A:89 ?> 04@5AC 3. :0B5@8=1C@3, C;. 8 0@B0, 1 0 / 0;KH520, 4 2 ( ;8B5@ ) ;
?>@O4>: @0AG5B>2: ?;0B568 ?@>872>4OBAO 2 A;54CNI5@O4:5 : 4 0 % - 020=A, 4 0 % - ?>A;5 ?>4?8A0=8O 0:B>2 2K?>;=5==KE @01>B, 1 0 % - ?>A;5 ?@>2545=8O ?@85G=>9 :>A;5 ?@54>AB02;5=8O @07@5H5=8O ;
8A?>;=5=8O >1O70B5;LAB2: D8;80; :0B5@8=1C@3A:89 ;LD0- 0=: , @0A?>;>65==K9 ?> 04@5AC 3. :0B5@8=1C@3, C;. 8 0@B0, 1 0 / 0;KH520, 4 2 ( ;8B5@ ) ;
8A?>;=5=85 >1O70B5;LAB2: 2 <8=8 :>@>B:85 A@>:8, ?@54?>GB5=85 1C45B >B40=> ?@54;>65=8N, A>45@60I5<C =08:. ;O D8;80;0 <0:A8 ?@85<;5: 9 0 4=59.
30@0=B89=K5 8 A5@28A=K5 >1O70B5;LAB20: 30@0=B8O =0 2K?>;=5==K5 @01>BK - =5 <5=55 1 2 <5AOF52;
@07;L F5;KE B@8 45AOBKE ?@>F5=B0) >B F5=K 4>3>2>@0 70 :064K9 45=L ?@>A@>G:8 8A?>;=5=8O 4>3>2>@=KE >1O70B5;LAB2, ?@8 MB>1I0O AC<<0 HB@0D=KE A0=:F89 =5 65B ?@52KH0BL 1 0 % ( 45AOBL ?@>F5=B>2) >B F5=K @01>B.
1 . 3 . #G0AB=8:8 :>=:C@A0 4>;6=K C4>2;5B2>@OBL A;54CNI820=8O?KB @01>BK 2 >1;0AB8 AB@>8B5;LAB20 ( @5=B0) :@548B=KE >@30=870F89;
=0;8G85 ;8F5=788 =0 45OB5;L=>ABL ?> @5=BC 8 @5AB02@0F88 >1J5:B>2 :C;LBC@=>3> =0A;548O ( ?02 8AB>@88 8 :C;LBC@K) ;
=0;8G85 :20;8D8F8@>20==>3> ?5@A>=0;0 ( ?@>?8A:0 8;8 @538AB@0F8O 2 3. :0B5@8=1C@35 - >1O70B5;L=K) ;
=0;8G85 =5>1E>48872>4AB2> @01>B 8 A5@B8D8:0B>2 =0 ?@8<5=O5<K5 1>@C4>20=85;
2>76=>ABL ?@>2545=8O @01>B 2 2KE>4=K5 8 ?@074=8G=K5 4=8;
>BACBAB285 =52K?>;=5==KE >1O70B5;LAB2 ?5@54 B@5BL8<8 ;8F0BACBAB285 2>71C645==KE C3>;>2=KE 45; 8 =5A=OBKE AC48AB59 2 >B=>H5=88 @C:>2>48B5;59.
1 . 4 . >=:C@A=K5 ?@54;>65=8O, A>45@60I85 AAK;:C =0 =>=:C@A0, 1C4CB ?@8=8B C?>;=>G5==KE ;8F !" #!" /: A 1 0 . 0 0 4> 1 7 . 0 0 <A:. 6 ;L:> ?> M;5:B@>==>9 ?>GB5 2 D>@AB@0=5==>@<0B5 M S !5:@5B0@53> >9 C4>;LD>2=>9, B5;5D>=: ( 0 9 5 ) 2 0 4 - 7 9 - 9 1 ; 04@5A M;5:B@>==>9 ?>GBK: H Y P E R L I N K " m a i l t o : m m i t s k e v i c h @ a l f a b a n k . r u " m m i t s k e v i c h @ a l f a b a n k . r u .
1 . 5 . #?>;=>G5==K9 ?@54AB028B5;L 0=:0 4;O ?>;CG5=8O @07JOA=5=89 ?> B5E=8G5A:8?@>A0;CG5=85 ?;0=8@>2:8 ?>@4N:>2 ;04828G, B5;5D>=: ( 3 4 3 ) 3 7 7 - 6 8 - 7 7 , e - m a i l : H Y P E R L I N K " m a i l t o : v k o r d i u k @ a l f a b a n k . r u " v k o r d i u k @ a l f a b a n k . r u .
1 . 6 . >=:C@A=K5 ?@54;>65=8O, ?5@540==K5 >B;8G=KB C:070==>3> 2 ?. 1 . 5 . A?>A>10, 0 B0:65 =5 A>45@60I85 AAK;:C =0 =>=:C@A0, =5 @0AA=:C@A0 =0 ?>43>B>2:C :>=:C@A=KE ?@54;>65=89 ;LD0- 0=: =5 :>?@545;5=8O ?>1548B5;O :>=:C@A0
2 . 1 . @8 >?@545;5=88 >1548B5;O 8A?>;L7CNBAO A;54CNI85 >F5=8205<K5 ?0@0=:C@A=KE ?@54;>65=89 ( 2 A:>1:0E 7=0G5=85 25A>2>3> :>MDD8F85=B0) :
2 . 1 . 1 . !B>8ABL @5=B=>- AB@>8B5;L=KE @01>B A CG5B>8AB8 2 ( 0 = 8 0 % ) ;
2 . 1 . 2 . 20;8D8:0F8>==K5 ?>:070B5;8 ?>4@O4G8:0 ( 2 = 1 0 % ) ;
2 . 1 . 3 . !@>: 2K?>;=5=8O @5=B0 ( A = 1 0 % ) ;
2 . 2 . !C<2KE :>MDD8F85=B>2 4>;6=0 1KBL @02=>9 1 0 0 : 0 + 2 + A = 1 0 0 % .
2 . 3 . 0@0F5=820NBAO M:A?5@B=> ( >B 1 , 0 4> 5 , 0 10;;>2) .
2 . 4 . >42545=85 8B>3>2 ( @0AG5B :>9 >F5=:8 :>=:C@A=>3> ?@54;>65=8O) ?@>872>48BAO 2 A>>B25BAB288 A CB25@645==K<8 2 ;LD0- 0=: ?@028;0=:C@A=K5 ?@54;>65=8O 4>;6=K A>45@60BL:
3 . 1 . !2545=8O > A>>B25BAB288 B@51>20=8O<, ?@54JO2;O5<K< : CG0AB=8:0=:C@A0.
3 . 2 . =D>@1E>48F5=:8 ?>:070B5;59 ?> C:070==K=:C@A=>9 4>:C;L7>20=85@=:C@A=>9 4>:CAB8:
AB>8ABL @5=B=>- AB@>8B5;L=KE @01>B A CG5B>8AB8 2 ( A 8A?>;L7>20=85=:C@A=>9 4>:C;;0@0E !(, 20;NB=K9 :C@A) ;
3 . 3 . !2545=8O > A@>:0E 2K?>;=5=8O @01>B 8 ?>@O4:5 @0AG5B>2 70 2K?>;=O5BK ( 020=A, ?@>G=K5 ?;0B568, >:>=G0B5;L=K9 2708@0AG5B ?>A;5 ?>4?8A0=8O 0:B0 A40G8- ?@85B) ;
3 . 4 . !2545=8O > A@>:0E 30@0=B88 =0 2K?>;=5==K5 @01>BK.
3 . 5 . >;=>5 =0820=85 :>1AB25==>AB8, 8 40B0 @538AB@0F88, ?>;=K5 10=:>2A:85 @5:2878BK.
3 . 6 . .@848G5A:89 8 ?>GB>2K9 04@5A, :>=B0:B=K5 B5;5D>=K, 04@5A M;5:B@>==>9 ?>GBK.
3 . 7 . @0B:>5 ?@54AB02;5=85 > :>@A=>2=K5 =0?@02;5=8O 45OB5;L=>AB8;
:@0B:>5 >?8A0=85 8=D@0AB@C:BC@K :><5=40B5;L=K5 ?8ALB :;85=B>2 A C:070=85=B0:B=KE ;8F 8 B5;5D>=>2 ( ?@8 =0;8G88) ;
;8F5=788 8 ?@8;>65=8O : ;8F5=78O1E>48;=5=8O @01>B, C:070==KE 2 40==>=:C@A5;
A2545=8O > :>;8G5AB25 :20;8D8F8@>20==>3> ?5@A>=0;0;
A2545=8O > ?0@B=5@A:8E >B=>H5=8OE A :><?0=8O872>48B5;O<8, 1>@C4>20=85 :>B>@KE 4>;6=> 1KBL 8A?>;L7>20=> 2 40==>=:C@A=>5:B5 ( ?@8;>68BL :>?88 ;8F5=789 8 A5@B8D8:0B>2 2 3@0D8G5A:>@2A:8E 8;8 8=KE A>>@C65=89, 2 :>B>@KE 2K?>;=O;8AL 0=0;>38G=K5 @01>BK A :@0B:8?8A0=85872>48B;
3 . 7 . !2545=8O > 2>76=>AB8:
2K?>;=5=8O DC=:F89 35=?>4@O4G8:0;
?@>2545=8O @01>B 2 2KE>4=K5 8 ?@074=8G=K5 4=8;
:>>@48=0F88 459AB289 A >B25BAB25==K< ?@54AB028B5;5AB02;5=8O >BG5B=>AB8 70 2K?>;=5==K5 @01>BK.
4 . @>G85 CA;>28O
4 . 1 . A;CG05 5A;8 8=D>@AB02;O;0AL 2 ;LD0- 0=: , ?@>A8>B25BAB2CNICN AAK;:C 8 A>3;0A>20BL 2>?@>A > =5>1E>48AB8 5Q ?@54AB02;5=8O A C?>;=>G5==K< ?@54AB028B5;5@4N:>2K< ;04828G5: 459AB28O CA;>289 :>=:C@A=KE ?@54;>65=89 4> 6 1 8B>30E :>=:C@A0, A>45@60I55, 2 A;CG05 ?@87=0=8O 53> A>AB>O2H8<AO, =0820=85 >1548B5;O :>=:C@A0, 1C45B @07 =0 AB@0=8F5 7025@H5==KE :>=:C@A>2 =0H53> A09B0: H Y P E R L I N K " h t t p : / / w w w . a l f a b a n k . r u / t e n d e r s / a r c h i v e / " h t t p : / / w w w . a l f a b a n k . r u / t e n d e r s / a r c h i v e /
5 . $>@<K B01;8F, 2:;NG05AB02 :>=:C@A=>3> ?@54;>65=8O
"01;8F0 ! 1
5@5G5=L @5=B=>- AB@>8B5;L=KE @01>B =0 >1J5:B5 " ;LD0- 0=:" ?> 04@5AC: 3. :0B5@8=1C@3, C;. C;. 8 0@B0, 1 0 / 0;KH520, 4 2 ( ;8B5@ ) . ! 0820=85 @01>B 8 2 48=. 87;- 2> &5=0 54. @01>B A ! !B>8ABL @01>B A ! 4>;;0@ !( 1 5=B06 45@52O==KE =5ACI8E ?5@53>@>4>: B>;I8=>9 4> 2 5 0 << <2 1 5 4 , 1 6 2 0AB5:;5=85:;59:>9 =0@C6=KE AB5:>; 1@>=5?;5=:>9 ) =0 ?;0AB8: <2 2 4 3 02KE ?;0AB8:>2KE ?0=5;59 =0 2 420 A;>O ?> 72C:>87>;OF859. <2 4 7 2 , 4 9 4 #:@5?;5=85 AB5= 0@9 480< 1 6 <9 1 5 0 x 1 5 0 <<. 25@E=>AB59 45@52O==KE =5=5ACI8E ?5@53>@>4>: A> 72C:>87>;OF859 9AB2> ?5@53>@>4>: 87 2 420 A;>O ?> 72C:>87>;OF859 <2 8 4 , 4 7 04>:>==8:>2 =0 ?;0AB8:>2K5 H8@8=>9 6 0 0 <9 3 <. ?. (B. 3 2 8 5=B06 ?>425A=>3> ?>B>;:0 @=3 =B06 ?>425A=>3> ?>B>;:0 @=3 <2 4 0 2 1 0 5=B06 ?>425A=>3> @55G=>3> 3> ?>B>;:0 =B06 ?>425A=>3> @55G=>3> ?>B>;:0 <2 1 0 0 1 2 (?0B;52:0 AB5= 87 >1>O<8 2L A=B8@>20==KE AB5= 87 =0 420 @070 2>4>M==>9 :@0A:>9 "8::C@8;;0 =B06 :8@?8G=KE CA8;5==KE ?5@53>@>4>: 8;8 1@>=5?5@53>@>4>:, A>3;0A=> B@51>20=89 ( 1;>: ?>AB0 >E@0=K, ?>9) =B06 2=CB@5==8E AB@>2K:=>;=5=88 (B. 1 1 7 >=B06 2E>4=KE 45@52O==KE 425@59 CA8;5==KE <5B0;;8G5A:8@>= ?> 2 <=B06 2=CB@5==8E 2E>4=KE ;=5=88 A B@8?;5:A=K 2E>4=>< B0=B06 2=CB@5==8E 425@59, 2:;NG0O DC@=8BC@C, =0;8G=8:8 8 709AB2>2>3> ?@>59 ?5@53>@>4:5 (B. 3 2 0 5AB02@0F8O ACI5AB2CNI8E 45@52O==KE 425@59 A 709 70=B06 A8AB560@=>3> 2>4>?@>2>40 480< 5 0 <@=>9 0@9 . 2:0 F>:>;O D0A040 =0BC@0;L=K< 7 @0 B 1 6 0 2 4 #AB0=>2:0 4>2>4G8:0 =0 B>2;5=85 ABC >E@0=K >B>2;5=85 ?5@. 70;0 ( AB>9:0 >?5@0F8>=8AB0) >B>2;5=85 2 ( 70?>;=5=85 4>:C<?;. 5 2 8 0@>2 2 A0=C7;0E ( C=8B07, @0:>28=0, A=B06 A8AB5@OG53> 8 E>;>4=>3> 2>4>A=0165=8O, :0=0;870F88 ( A ?@>182:>9 >B25@AB8O 8 D0A>==K<8 G0ABO2:>9 9:8) ><?; 1 3 0 5=B06, =B06 :015;L - :0=0;>2 2 :018=5B0E, 345 AB5=K 2K@02=820NBAO . . ?. 1 8 0 3 1 >43>B>2:0 ?>;0 4;O C:;04:8 ;0<8=0B0 9AB2> ?>;0 ( ;0<8=0B) ;0 4> 5 0 << 4;O C:;04:8 :5@03@0=8B0 <2 4 4 0 3 4 #:;04:0 :5@03@0=8B0 ;5C<0 <2 8 2 , 2 3 6 0<5=0 <@0@=KE ABC?5=59 ( 2 0 0 0 E3 0 0 ) 9AB2> ?@54:0AA>2>9 :018=K A 70?8@0NI59AO 87=CB@8 425@LN 8 AB>;5H=8F59 4 0 0 <<. :@0A:0 >:>==KE >B:>A>2 :@0A:0 >:>==KE ?5@5?;5B>2 ( 45@52>) =B06 ?;8=BCA>2 . ?. 3 , 6 B>3>: ! ?> @5=BC D0A040, 2:;NG0O ! ( 1 8 % ) & . 1 0@0=B8O =0 2K?>;=5==K5 @01>BK ( 3>4) & . 2 !@>: @5=B0 ( :0;5=40@=K5 4=8) & . 3 1I0O G8A;5==>ABL :20;8D8F8@>20==KE A>B@C4=8:>2 2 HB0B5 & . 4 >;8G5AB2> A>B@C4=8:>2, >15A?5G820NI8E @5=B=>- 2>AAB0=>28B5;L=K5 @01>BK & . 5 >;8G5AB2> ?>AB@>5==KE >1J5:B>2 10=:>2A:>3> ?@>D8;O & .
@8;>65=85 !1 : :>=:C@A=>9 4>:C8B5;L=0O ?;>I04:0 ?@54AB02;O5B A>1>9 G0ABL 1 8 2 MB0659 :>=B>@A:>3> 740=8O, @0A?>;>65==>3> ?> 04@5AC: 3. :0B5@8=1C@3, C;. 8 0@B0, 1 0 / 0;KH520, 4 2 ( ;8B5@ ) , ?;>I04LN 1 2 3 5 , 4 :2. 3> " O2;O5BAO >?@545;5=85 ?5@5G=O 2=CB@5==8E >1I5AB@>8B5;L=KE, >B45;>G=KE 8 A?5F80;L=KE @01>B ( 40;55 " ?@>872>4AB2> @01>B" ) 2 2KH5C:070==><5I5=88 4;O @07<5I5=8O 2 =5B:5 4>2 AB@>8B5;LAB20 8 2K1>@5 2, 8A?>;L7C5OI55:B5, =5>1E>48 CG8BK20BL :;828O, E0@0:B5@=K5 4;O #@0;0.
1 . 4 . "@51>20=8O : ?@>5:B8@>20=8N 8 ?@>872>4AB2C @01>B >?@545;ONBAO A;54CNI8:C<5=B0OI8< "5E=8G5A:8< 7040=858B5;L=K@<0<8 8 ?@028;0<8, 459AB2CNI8@88 >AA89A:>9 $545@0F88;
@8:07>B 1 2 . 0 4 . 1 9 9 9 . @50;870F88 >AB0=>2;5=8O @028B5;LAB20 $ >B 2 1 . 0 7 . 9 8 . ! 8 1 4 .
2 . %""# - !" ",/ '!",
2 . 1 . 1 . @>872>4AB2> @01>B ?@54CA;=5=85 >4@O4G8:>< @5=B=>- AB@>8B5;L=KE @01>B 2 ?>;=>>B25BAB288 A A>3;0A>20==>9 2 CAB0=>2;5==>@O4:5 ?@>5:B=>9 4>:COI825AB8 ?5@5:;04:C ACI5AB2CNI8E B@0=78B>2 8=65=5@=KE :><;K, 2 70?>B>;>G=>5 ?@>AB@0=AB2>) 4;O >15A?5G5=8O 2>76=>AB8 <0:A83> 8A?>;L7>20=8O ?;>I0459. ><1>@C4>20=85 4>;6=K 1KBL A:@KBK, => ;53:>4>ABC?=K 4;O ?@>872>4AB20 @5=B=KE 8 A57>==KE ?@>D8;0:B8G5A:8E @01>B.
2 . 1 . 3 . 5@53>@>4:8 :018=5B>2 8 ?@>G8E ?>B>@K5 =5B A?5F80;L=KE >3>2>@>: 2 =0AB>OI5;=8BL 87 38?A>:0@B>=0 ?> 420 A;>O A :064>9 AB>@>=K A> 72C:>87>;OF8>==K5< =0 @>=K 2K@>2=OBL 38?A>:0@B>=>H?0:;520BL, ?>:;58BL AB5:;>>1>8 8 ?>:@0A8BL 2 A>340A>20==K9 A 0:07G8:>< F25B.
2 . 1 . 5 . 04>:>==8:>2 =0 ?;0AB8:>2K5 ( :018=5BK ;52>3> :@K;0 8 F5=B@0;L=>9 G0AB8) 8 7 HBC: =0 ?>ABD>@ >1A;C6820=8N N@848G5A:8E 8 D878G5A:8E ;8F) . ;8=0 ?>4>:>==8:0 3 , 0 <. ?, H8@8=0 0 , 6 28BL 45:>@0B82=K5 M:@0=K =0 @0480B>@K.
2 . 1 . 7 . K?>;=8BL CAB@>9AB2> =>2KE 8 70:;04:C ACI5AB2CNI8E ?@>52 2> 2=CB@5==8E AB5=0E 2 A>>B25BAB288 A CB25@645==K2>G=K< @5H5=85;=8BL 45=B06 ACI5AB2CNI8E ?5@53>@>4>:, 425@59 8 ?@>G8E :>=AB@C:F89 8 >1>@C4>20=8O 2 A>>B25BAB288 A ?;0=8@>2>G=K< @5H5=85;=8BL CAB@>9AB2> F5- ?5AG0=>9 ABO6:8 8 2K@02=820=85 ?>;>2 ?>4 CAB@>9AB2> =0?>;L=>3> ?>:@KB8O 2> 2A5E ?><5I5=8OE.
2 . 1 . 1 0 . 0:>==K5 1;>:8 =0 ?;0AB8:>2K5 2 :018=5B5 ! 3 5 8 =0 ?;>I04:5 ;5AB=8G=>3> ?CB8 A;54>20=8O :;85=B>2 8 A>B@C4=8:>2 CAB0=>28BL C3>;:8 ( ?>4 AB8;L >B45;:8) , =0 ABK:8 =0?>;L=KE ?>:@KB89 45:>@0B82=K5 ?>@>6:8 .
@>5:B 4>;65= ?@54CAB@5BL @07<5I5=89:
5@2K9 MB06:
2 . 2 . "03> 2E>40 .
2 . 2 . 1 . @>8725AB8 ?>AB02:C 8 =B06 =0@C6=>9 45@52O==>9 2E>4=>9 425@8, CA8;5==>9 42C<O <5B0;;8G5A:8<8 ;8AB0 2 <1>@C4>20BL 2=CB@5==8< 709" 8 4>2>4G8:>5 ?>;>B=>.
2 . 2 . 2 . @>8725AB8 ?>AB02:C 8 =B06 2=CB@5==8E 42C?>;L=KE CA8;5==KE 2 <<. ) 425@59 A B@8?;5:A=K<, CA8;5==K=5?;5=:>9 ( :;0AA - 3 ) , >1>@C4>20==K4=8< 2=CB@5==8< 709" 8 M;5:B@8G5A:8 :>=B@>;8@C5<KAB0 >E@0=K <03=8B=K< 70AB02:0 8 =B06 3> 702>4G8:>45 A=B8@>20BL 70:;04=K5 4;O 2845>4>D>=0 8 >1>@C4>20=8O :>=B@>;O 4>ABC?0 ?@8 ?>I8 ?;0AB8:>2KE :@548B=KE 2 B03> 2E>40 2 25G5@=55 8 =>G=>5 2@5 CAB@>9AB20 @0A?>;>68BL =0 3;02=>< A 3;02=K4>=B@>;;5@0 8 4@. >1>@C4>20=8O A=B8@>20BL =0 ?>ABC >E@0=K. >AB02:0 8 =B06 >1>@C4>20=8O A8AB5=B@>;O 4>ABC?0 8 2845>4>D>=0 >1O70==>ABL ! 0:07G8:0.
2 . 2 . 4 . !?@020 ?@54CAB@5BL 7>=C 4;O CAB0=>2:8 >D8A=>3> 10=:>42>4>>B25BAB2CNI8E :><<C=8:0F89.
2 . 2 . 5 . 07:=> ?>AB0 >E@0=K 2 ?C;570I8B=>;=5=88 87 1@>=8@>20==>3> AB5:;0, A ?5@53>2>@=K9AB2>B:>:C2 8 AB>;5H=8F59 4;O :;85=B>2 ( >1@0B:0) .
%>;; >A=>2=>3> 2E>40.
2 . 3 . 1 . !?@020 @07AB >E@0=K 2 A>>B25BAB288 A B@51>20=8OAA88.
2 . 3 . 2 . >;; >A=>2=>3> 2E>40, 2:;NG0O ;5AB=8G=K5 ;=8BL 2 548=>4=K< B0B>;>:: A1>@=> @071>@=K9 G5G=K<8 A25B8;L=8:0:0@B>=, AB5:;>>1>8, ?>:@0A:0. > 2KA>B5, 4> C@>2=O ?5@8;, >1;8F520BL <515;L=K<8 ?0=5;O;: :5@03@0=8B A25B;KE B>=>2. 5AB=8G=K5 <0@H8 <@0@, ABC?5=8 3;02=>9 ;5AB=8FK A >4=8<, ?5@8;0 70<5=8BL =0 28BL ?>4>:>==8: 87 ?>ABD>@:=> ;5AB=8G=>9 ?;>I04:8.
B>@>9 MB06 :
2 . 4 . @02>5 :@K;> ( :018=5BK !! 8 1 9 )
2 . 4 . 1 . 018=5B !1 8 : ?5@53>@>4:C, 2 :>B>@>9 =0E>48BAO 425@=>9 ?@>51H8BL A >158E AB>@>= 38?A>:0@B>=>O ?> >1>8, ?>:@0A8BL.
2 . 4 . 2 . %>;; !1 8 45=B8@>20BL ?> 2A5<C ?5@82K5 ?0=5;8, A=B8@>20BL 38?A>:0@B>= 2 420 A;>O ?> :0@:0AC, =0:;58BL AB5:;>>1>8, A>2?040NI85 ?> D0:BC@5 A ACI5AB2CNI8:@0A8BL. 1>@C4>20BL ACI5AB2CNI55 ?>78=25=B0@O.
2 . 4 . 3 . 5=B8@>20BL 2 :018=5B5 !9 AB5==K5 H:0DK ( 5 , 0 <. ? . E 3 , 5 E 0 , 4 ) 8 A=B8@>20BL 2 :018=5B5 !1 3 =0 ;52>9 AB>@>=5.
2 . 4 . 4 . :018=5B0E !! 8 , 9 , 1 0 , 1 1 8 1 6 45=B8@>20BL :>= A ?>A;54CNI8=8@>20=85:>= 70I8B=>9 ?;5=:>9 :;0AA0 3 .
2 . 4 . 5 . A0=C7;0E 70@K, 25=B8;OB>@K, 70B>;:5. 65=A:>4 @0:>28=>9 A=B8@>20BL :@0=K >B1>@0 2>40 4;O E>7O9AB25==KE =C64.
2 . 5 . &5=B@0;L=0O G0ABL ( :018=5BK !! 2 0 3 4 ) .
2 . 5 . 1 . 0; ?> >1A;C6820=8N D878G5A:8E ;8F !2 1 . B45;:0 ?> 48709=- ?@>5:BC. !B5=K 38?A>:0@B>= A >:;59:>9 AB5:;>>1>OA;54CNI59 ?>:@0A:>9 2 A>3;0A>20==K9 A 0:07G8:>; :5@0B>;>: @=3 . 07G8E =C 4;O >D>@:C2K5 :018=K ?;>I04L :064>9 4 >1A;C6820=8N N@848G5A:8E ;8F ( :018=5B !3 0 ) . B45;:0 ?> 48709=- ?@>5:BC. >; - :5@0B>;>: @=3 , AB5=K 45:>@0B82=0O HBC:0BC@:0.
2 . 5 . 3 . >@84>@: ?>; :5@0:0@B>=, AB5:;>>1>8, ?>:@0A:0.
@>872>4AB2> @01>B 2K?>;=OBL ?> 48709= ?@>5:BC.
2 . 5 . 4 . 018=5BK !!2 5 , 2 8 8 2 9 . !B5=K ?>:@0A:0, ?>; ;8=>;5CB>;>: @=3 .
2 . 5 . 5 . 018=5B !2 4 . 0<5=0 ;01>52.
2 . 5 . 6 . 018=5BK !! 2 6 , 2 7 . !B5=K 38?A>:0@B>=, AB5:;>>1>8, ?>:@0A:0. >; ;0B>;>: @=3 .
2 . 5 . 7 . 018=5BK !! 3 1 , 3 2 , 3 3 8 3 4 . !B5=K 425 AB5=K >1H8BL 38?A>:0@B>=><, A=B8@>20BL 2 ( 425) ?5@53>@>4:8 87 38?A>:0@B>=0 ( >4=0 A 425@=K5:;58BL AB5:;>>1>O:@0A8BL >; ;0B>;>: @=3 .
2 . 6 . 52>5 :@K;> ( :018=5BK !! 3 5 5 0 )
2 . 6 . 1 . >@84>@ !5 1 . 02KE ?;0AB8:>2KE ?0=5;59 ?> 2A5<C ?5@8:0@B>= ?> A;54CNI59 >:;59:>9 AB5:;>>1>O:@0A:>9 2 A>3;0A>20==K9 A 0:07G8:>; :5@0B>;>: >AB028BL ACI5AB2CNI89. @>872>48BL @01>BK ?> 48709= ?@>5:BC.
2 . 6 . 2 . 018=5B !3 5 . #AB0=>28BL ?5@53>@>4:C A >3=5AB>9:>ABLN 2 :;0AA0 A 425@=K5; 2KA>:>:0G5AB25==K9 ;8=>;5C:0@B>=, AB5:;>>1>8, ?>:@0A:0. 0:=> A >:;59:>9 ?;5=:>9 - 3 . K25AB8 2 :>@84>@ ?>60@=K9 384@0=B.
2 . 6 . 3 . 018=5B !3 7 . !B5=K 38?A>:0@B>=. >; ;0B>;>: @=3 .
2 . 6 . 4 . 018=5B !4 1 . ><=0B0 ?@85<0 ?8I8. !=B8@>20BL A8AB54>A=0165=8O 8 :0=0;870F88. >B>;>: @=3 . !B5=K 38?A>:0@B>=, >1>8, ?>:@0A:0, 2 @09>=5 9:8 3 ; :5@0872>4AB2> @01>B ?> 48709= ?@>5:BC.
2 . 6 . 5 . 018=5BK !! 4 3 , 4 8 8 3 6 . !B5=K >1>8. >; ;0B>;>: @=3 .
2 . 6 . 6 . 018=5BK !! 4 5 , 4 7 , 4 6 , 4 0 , 5 0 8 3 8 . !B5=K 38?A>:0@B>=, >1>8, ?>:@0A:0. >B>;>: @=3 . >; ;0<8=0B.
2 . 6 . 7 . 018=5BK !! 4 4 8 4 2 . 0<5=0 ;0==K9 70; R e t a i l c @01>G8<8 <5AB0=B@>;5@>2 ( 2 G5;. ) 8 @01>G8<8 <5AB0D8A- 2 ( 3 G5;. ) .
2 . 7 . 1 ?5@0F8>==0O AB>9:0 4>;6=0 1KBL 2K?>;=5=0 A CG5B>20=89 0:07G8:0. @5420@8B5;L=K9 48709= >?5@0F8>==>3> 70;0 8 MA:87 >?5@0F8>==>9 AB>9:8 8 <0B5@80;K, ?@8<5=O5B>2;5=8O AB>9:8, 4>;6=K 1KBL A>3;0A>20=K A " ;LD0- 0=:" .
!B5:;> =0 >?5@0F8>==>9 AB>9:5 CAB0=>28BL B@8?;5:A=>5 C40@>?@>G=>5. KA>B0 @01>G59 ?>25@E=>AB8 AB>9:8 1 1 0 AB0 >AB5:;5=8O 8 5 A9:C C:>20BL @01>G8;0<8, BCG:0<) , ?@8AB02=K;0<8, :@5A;0<8. @54CAB@5BL 4;O @072KE H:0D>2 B8?0 B i s l e y .
2 . 7 . 3 . 01>G85 D8A- 2 ( 3 @01. <5AB0) : A=B8@>20BL AB>9:C ( H = 1 , 1 0 G8E 9. #:>20BL @01>G8;0<8, BCG:0<) , ?@8AB02=K;0<8, :@5A;0<8. @54CAB@5BL 4;O @072KE H:0D>2 B8?0 B i s l e y .
2 . 7 . 4 !0=C7;K. !0=C7;K 4>;6=K 1KBL >1>@C4>20=K 02B>=>9 A8AB59 25=B8;OF88 8 =5>1E>48<K@>1>@C4>20=8O, 2:;NG0O: :5@0<8G5A:89 M20==K9 C A<5A8B5;5 A ?>;>G:>9, M;5:B@>ACH8;:C 4;O @C:, 9 1C@>75B:C 2 70I8B=>;=5=88. A0=C7;5 >1I59 7>=K >1>@C4>20BL :@0= 4;O =01>@0 2>4K 2 254@>.
3 . #+ "+
3 . 1 . 5:;08725AB8 ?>42>4:C M;5:B@>?8B0=8O : <5AB02:8 @5:;09 2K25A:8 0:07G8:0, 8=>9 @5:;03> >A25I5=8O 2 A>>B25BAB288 A " >B45;0 @5:;0@87>=B0;L=0O ( 3 2B) , 2B>@0O - 25@B8:0;L=0O ( 4 2B) .
K?>;=8BL 70:;04=K5 ( :@>=HB59=K) 2 A>>B25BAB288 A MA:87>B45;0 @5:;0BK ?> >B45;:5 2A5E ?>1J5:B0 =5>1E>48 ?@>872>48BL A CG5B>3;0A>20==>3> A " ;LD0- 0=:" ?@>5:B0 @5=B0 ?>AB8 >B45;:8, A 8A?>;L7>20=85:>:0G5AB25==KE A5@B8D8F8@>20==KE >B5G5AB25==KE >B45;>G=KE 2, >B25G0NI8E B@51>20=8OB45;:8 ?>25@E=>AB59, >B25G0NI820=8O:>:0G5AB25==0O >B45;:0" ) , 70 8A:;NG5=85A>1> >3>2>@5==KE 2 =0AB>OI5;K :
>;K 2K?>;=ONBAO 87 :5@09 ?;8B:8, ;020==>3> 8 28=8;>2KE ?>:@KB89, 2 7028A8AB8 >B DC=:F8>=0;L=>3> =07=0G5=8O ?>28BL 2 A>>B25BAB288 A ;0.
- =0 ?;>I04:5 3;02=>3> 2E>40 ?@54CAB@5BL CAB@>9AB2> @5H5B:8 4;O 2KB8@0=8O =>3 A 4@5=065<;
- 2 B03> 2E>40, 2 70;0E >1A;C6820=8O D878G5A:8E 8 N@848G5A:8E ;8F, :>@84>@0E, A0=C7;0E, B5E=8G5A:8E ?>;L=0O :5@0:>3> :0G5AB20 ( :5@0<5I5=89;
- ;5AB=8G=K5 <0@H8 =0BC@0;L=K9 :09 ;5AB=8F5 A >4=828BL =>2K5 >3@0645=8O ;5AB=8F 87 =5@6025NI59 AB0;8;
- 2 ?>AB0 >E@0=K, :>==KE ?;0B5659, :>@>2, 02B>9, A:;045 AB59 - 87 2KA>:>?@>G=>3> ;8=>;5C<0 A 0=B8AB0B8G5A:89AB20<8 B8?0 " @=3" =0 B5?;>87>;8@CNI59 >A=>25;
- 2 A0=C7;0E, M;5:B@>I8B>2>9 - 87 :5@09 ?;8B:8 2KA>:>3> :0G5AB20, A?5F80;L=> ?@54=07=0G5==>9 4;O B0:8E ?> 2A5E >AB0;L=KE ?><5I5=8OE ( 70 8A:;NG5=852 !! 8 - 1 8 ) , :018=5B0E, ?>AB5;8BL ;020==>5 87=>A>AB>9:>5 ?>:@KB85.
=0 2A5E ABK:0E =0?>;L=>3> ?>:@KB8O ( ?;8B:0- :>2@>;8=, ?;8B:0- ;8=>;5C28BL @>6:8 .
>B>;:8 :
- ?>B>;:8 2> 2A5E ?>28BL A1>@=>- @071>@=K5 ?>425A=K5, @07;8G=KE B8?>2 2 7028A8AB8 >B =07=0G5=8O.
2> 2A5E ?><5I5=8OE, 70 8A:;NG5=85A>1> >3>2>@5==KE, ?@8425A=>9 ?>B>;>: " @=3" ;
2 >?5@0F8>==KE 70;0E 2K?>;=8BL ?>425A=>9 ?>B>;>: @=3 2 :>:0@B>=>3> B8?0 ?>B>;:>2 2 @07=KE C@>2=OE A ?@8<5=5=85G5G=KE A25B8;L=8:>2 A ;0<?0G5B0=88 A> AB0=40@B=K<8 A25B8;L=8:0<8 ( 6 0 E6 0 A<. ) . @54CAB@5BL CAB0=>2:C =0AB5==KE A25B8;L=8:>2 ( 1@0) 2 70;0E, :018=0E :;85=B>2 :0AA 8 ;5AB=8G=KE >B45;5=8OE.
- 4;O ?><5I5=89 B02 3;02=>3> 8 1>:>2KE ;5AB=8G=KE <0@H59 ?@8@=>- @071>@=K9 B>;>: A B>G5G=K<8 A25B8;L=8:02>9 8 ?@54A59D>2>9 2 A>>B25BAB288 A B@51>20=8O@:C2.
2 0@E825, 2 A0=C7;0E CAB0=>28BL A1>@=>- @071>@=K5 0;NB>;:8 A ?@8<5=5=852, A>>B25BAB2CNI53> =07=0G5=8N 40==>3> ?>B45;:8 AB5= ?><5I5=89 ?@8>1>8 A ?>A;54CNI59 >:@0A:>9 2KA>:>:0G5AB25==>9 :@0A:>9, ?>72>;ONI59 ?@>872>48BL 2;06=CN >G8AB:C;
- ?;8=BCAK CAB0=02;820BL 2 A>>B25BAB288 A :>;5@>< ;0;
- AB5=K B02 3;02=KE 2E>4>2 >B45;0BL ?> 0=0;>388 A> AB5=0AB0;L=KE ?> 2A5E ?>@84>@0E ( A>3;0A>20=8N A 0:07G8:>28BL >B1>9=CN 4>A:C ( ?>4 F25B @84>@0E, 70;0E 8 ?>28BL 45:>@0B82=K5 C3>;:8 ?>4 F25B >B1>9=>9 4>A:8.
25@8:
0B5@80; 8 AB5?5=L >3=5AB>9:>AB8 2A5E 425@59 4>;6=K A>>B25BAB2>20BL 459AB2CNI8B82>?>60@=K@<0<, 0 8 =5 28BL 2@57=K5 70@K ( >3@0=8G8B5;8 E>40 425@8) , =0 2E>4=K5 425@8 8 =0 425@8, =0E>4OI85AO =0 ?CBOE M20:C0F88 8 >1>@C4>20==K5 A8AB59 :>=B@>;O 4>ABC?0, CAB0=>28BL 4>2>4G8:8;
- >AB0;L=K5 2=CB@5==85 425@8 45@52O==K5 D8;5=G0BK5, A 2KA>:>:0G5AB25==>9 =0@C6=>9 >B45;:>9 8 ;0BC==>9 DC@=8BC@>9, >1>@C4>20==K5 2=CB@5==8<8 70<:02 A45;0BL 70?8@05<K<8 87=CB@8;
2A5 4OI85 2 :;85=BA:CN 7>=C, 4>;6=K 8:>:0G5AB25==CN >B45;:C ?>4 AB8;L 45@52O==KE 425@59, >AB0;L=K5 ;6=K 8:>:0G5AB25==CN >:@0A:C.
4 . 5 . 515;L, 10=:>2A:>5 8 4@C3>5 >1>@C4>20=85
>AB02:0 >D8A=>9 8 10=:>2A:>9 AB0 >E@0=K ( 2 :>?5@0F8>==>9 AB>9:8 2 70;5 >1A;C6820=8O D878G5A:8E ;8F ( =0 5 @01>G8E ?5@0F8>==>9 AB>9:8 2 70;5 >1A;C6820=8O N@848G5A:8E ;8F ( =0 3 @01>G8E <5AB0) , ;=5=8O :;85=B0:C2) =5 2E>48B 2 >1O70==>AB8 ?>4@O4G8:0 ?> =0AB>OI5<C 7040=8N.
@8AB>8B 87:
AB>;5H=8FK H8@8=>9 0 , 6 - 0 , 7 9 >B AB5=K 4> AB5=K ;
?@8AB02=>3> AB>;0 1 1 0 0 E5 0 0 <4:0B=>9 BC<1K A 4 OI8:0<8 A F5=B@0;L=K< 70G53> :@5A;0 A ?>4;>:>B=8:0 2=5 A5@88 E C O D01@8:8 F l y c o m ( B0;8O) .
?5@0F8>==0O AB>9:0 2 >?5@0F8>==KE 70;0E 4>;6=0 1KBL >1>@C4>20=0 AB>;5H=8F59 4;O :;85=B>2 H8@8=>9 =5 <5=55 4 0 0 <AB5:;5=0 B@8?;5:A=K=B0;L=>9 AB>@>=K A :@5?56>< : ;0BC==K9:0AB5:;5=85 B>;L:> 4;O AB>9:8 R e t a i l - >B45;5=8O) , :>G8< ?5@0F8>=8AB0 ( @01>G89 AB>; 4;8=>9 1 6 0 0 - 1 4 0 0 <9 6 0 0 <9 AB>; H8@8=>9 5 0 0 <G5<C 1E>48 ?>425AB8 =5 @>75B>: 1KB>2KE 8 3 - E 4;O ?8B0=8O :>9 B5E=8:8, 1 - 9 B5;5D>==>9;
@54CAB@5BL CAB0=>2:C =5>1E>483> :>;8G5AB20 25H0;>: ( H:0D>2 4;O >4564K) =0 6 0 G5;. , C:>20==KE D09;>2KE H:0D>2 ( 8 HB. ) .
KA>:>:0G5AB25==0O >D8A=0O <515;L 8@B=>3> ?@>872>4AB20 4>;6=0 1KBL CAB0=>2;5=0 2 :064>G5>B25BAB288 A CB25@645==K5:B>5 @01>G55 AB>; ?8AL; ?@8AB02=>9 1 0 0 0 E5 0 0 , BC4:0B=0O, :@5A;> @01>G55 ( B5- A5@>5, G5@=>5) B:0=L A ?>4;>:>B=8:0?5@0F8>==KE 70;0E CAB0=>28BL AB>;8:8 4;O 70?>;=5=8O :;85=B0:C2 8 CAB0=>28BL =5>1E>485 :>;8G5AB2> :@5A5; 4;O >6840=8O.
B l t 6 8 b d f h z ~ R Z \
B ÷ۨۅzqzk >* CJ aJ 5>* CJ \aJ >* B*
CJ aJ ph 6B*CJ ]aJ mHph sHmHsH 0J 6CJ ]aJ mHsH j 6CJ U]aJ j 6CJ U]aJ 6CJ ]aJ 6B*
CJ ]aJ mHph sH6CJ ]aJ mHsH %56B*
CJ \]aJ mHph sH B*
ph ) 0 B D l R
V x $
^ `a$ $
&