balance of payments





%$ !%$
° n¾ ?° °f°ff fn°f¾¯° ff°¾fn°   n° ¾?  @  n ?¾nf°¾fn°¾¾¯f ° 
ff°n ?½f¯ °¾fnn°¾ °f?¾ n n°¯¯  ? ?°¾ n nn½ ¾f°¯½f°½fn  °¾?  ¾?  f?? n  ¯ ¾n n°f° ¾f°¾fn°¾  ¾?  @¾  
ff°n ? ½f¯ °¾¾f°¯½f°n°n ½n°n ° f°¾fn°¾
 °°  n°f°   ¾?  ½ ¾f¾¾ ¯fn n ? ¯° f ½f¯ °¾?fn° ? ?°n° ¾f°¾ n ½¾?¯ ¯ °f ? °½  ?¯ %°¯f°  f% °¾ nf°
 ?° f¾?¾# 
ff°n ?½f¯ °¾?fn°¾f¾¾ ¯fn n ?f n°¯n f°¾fn°¾
 °  ¾ °n ?fn° f°   ¾?   °?   f#  fnf°¾fn°°  9fnn°¾¾nf¾¾? fnn °? ½f¯ °¾  n ½¾f f¾ ?¯ @f°¾fn°¾f f f n ½?  9 fnn°f¾f @  f¯½  ½?? ¾ f° ¾f ?f¾¾ ¾f n   ¯¾ @ ¾ f°¾fn°¾ ½ ¾ ° ¾½½?? ?° nf°? ° ? ?° nf°? ¯f  @f°¾fn°¾f f f½f¯ °? ?° ¾f  n  f¾f @  f¯½ ¯½?? ¾ f°  ½nf¾ ?f¾¾ ¾f
f f 
 ¯¾ @ ¾ f°¾fn°¾ ½ ¾ °  ¯f° ?? ?° nf°? °  ? ?° nf°? ¯f   ff°n ?½f¯ °¾¾f¾f ¯ °?¾¾ ¯fn n ?f n°¯n f°¾fn°¾
 °° n°f°  ¾?  f ½¾f 
  °
  ½°?¾¾ ¯¾ ¾ 
f° n  9f¯ °¾f  n °  
¾ f°  n ½¾° n ¾ f  n°f°¾ ¾ ¾? fnn°¾ %  °fnn°% f½ffnn°%°f°nffnn° ff°n ?9f¯ °¾¾ ¾¯¯f?f f°¾fn°¾
 °  ¾ °¾ ?° n°f°  ¾?  ?f? °½  ?¯ ¾f°  f 

 

0,9:70841,,3.041!,20398
,,3.0415,2039,890144310,9:708  98,88902,9.70.47/41,0.4342.97,38,.9438-09003430 .4:397,3/907089419047/  93.:/08,97,38,.9438 ;8-0,80,83;8-0  970,90894,5074/41920 0307, ,3,33:,89,902039 ; 9,/4598,/4:-00397-44005388902 9,8948/08 .70/98/0,3//0-98/0 #0.0598,7070.47/0/4390.70/9 8/0,3/5,203984390/0-98/0 ; 0370.0598,7006:,945,20398 90-,,3.0415,203988 306:-7:20370.0598,7070,9079,35,20398 90708 8:75:8390-,,3.0415,20398035,20398,7070,907 9,370.059 90708/01.9390-,,3.0415,20398 ; 390,..4:39380380 949,.70/98,3//0-98390-,,3.041 5,203989,902039,,8-,,3.080,.4907  

 &%#$$%  &%
 !,8948/08/0-9
.70/9 !,20398,7070.47/0/4390/0-9,3/ 70.05984390.70/98/0 /0-99028,7070.47/0/923:883,3/ .70/99905:883 90-45,..4:398,705705,70/4390/4:-00397 8890241,..4:393 398889020;0797,38,.9438870.47/0/9.0
43.0,8.70/9,3/43.0,8/0-9 8:554803/,054798,72039894&$ 83.090207.,32547907,;0945,147905:7.,80 988 70.47/0/,8,.70/9390.:77039,..4:391473/, 341:79078:55480 9,990,.9:,5,2039882,/0390147241,-,3/7,198,3//4,78  %83.70,8083/, 814703,88098 03.09-070.47/0/,8,3411 80993/0-933/, 8.,59,,..4:39 03.0908:241,/0-984:/-0 06:,94908:241,90.70/989,98988,/9,9-45390 ,..4:393803808,,8-,,3.0/   

 

$  &%8
%025479,39:80841-45,..4:398,70,81448    ,,3.0415,20398,..4:3989,0890894.41.4:3970814703 0.,3070.0598,3/5,203984-,94389'94.4770.93 ,..4:393,-077,943   90/830.088,731472,94343908970398,3/0,30880841 90.4:39730.4342.97,38,.9438   ,3,3-45,..4:398415,890,78 0.,313/4:94;07, ,38,3/4880817429039073,943,97,38,.9438   45,..4:398.,:943:8,3/574;/0034:4183,81471:9:70 54.1472:,9438   9900541-45,..4:3980,70,-09434902,33073 .3,943,0.4342,110.98,3/8,110.90/-9097,38,.9438 9907089419047/2,7098 





#% %  !%%  
:7703997,3,.9383-,,3.0415,20398,7070,90/9490.:770391441 44/8,3/807;.08390.425,3.8 3490747/8 3,943, 3.420 390.439094170,94385-090033,943,3.420,..4398,3/ -45 144306:,943058400503/9:704390.4:39708.:77039 144144/8,3/80;.0890307,943413.420    % %#$ !# &%   $#'$  $&!% !%&# '$%%!%&#  '#%!%&# ! #%$ %&$$%$! $     "&%  &$%#%$  $$! $  $ %  # %    $&!%  $$'$ %%$% % '#% ! #%$ 8548,413.4204:994-006:,940307,943413.42033,943, 3.420,..4:398 %:80790    $ %   #   $ %  $

%825089,930.9438,7006:,94900,,083903.42014  6:-7:2-0,.0;0/4319030.94380,,08 74290-45 543941;0 06:-7:2706:7089,9  

       

 &%$$ !#%  $$
09:8:3/0789,3/90.43.05941-45 83,..4:39380380,3/ 4507,943,80380974:9014439,-0 $$%$ #%$    ! #%$ %#   ! #%  $#'$   $!! $&# % &#$ %    %#$#  !%$#  #$%# #$%  % # %$  %    !%#!%$  $ $  $$%$%   ##$  #!% !%  #$  %$ #  %$  
   ! #%$ %#    ! #%$  
 $#'$    $&# % &#$  %    %#$# 

 !%$%   #$% %   # %$  % 

    !% !%$  $%   ##$ & $$%$#   ##$  !%$  !%%   ##$  

% %!%$
 #$  #  

   
   
     


% %#!%$ 






%09,-08489,93,..4:39380380-,,3.0415,20398 -,,3.08 -0.,:80949,70.0598 .70/98 ,79006:,94949,5,20398 /0-98  0 78 

.7470 :9,3,8841909,-0 70;0,8901443 1,.98    ,,3.04197,/0%0/110703.0-09003949,254798,3/949, 054798834906:, 03.0 -,,3.0/  %#! #%$
! #%$

#$ 
# #
#$ 

# #  

# # %' %#$% # &' &# 98,3389,3.041/806:-7:2390-,,3.041 97,/0     !%$ &##% &%848, /01.941#8 
.7470  ,,3.0415,2039843.:77039,..4:39 -,,3.04197,/0 
 -,,3.0841807;.08 8:5541807;.08 70.059841807;.08 97,38107-,,3.0 97,3810770.0598 97,38107 5,20398   78 
.7
78 

.7   78 
.7
78 
.7  78 

.7
78 
.7  
78 
.7 78 

.7 78 
.7  
78 
.7    ,,3.0415,2039843.,59,,..4:39848,8:75:84178 
 .7  ,,3.0415,2039843.,59,,..4:3978 

.7
78 
.778 
 .7    ;07,-,,3.0415,20398-,,3.08 78 

.74170.059878 

 .7  15,20398 -0.,:80908:75:8-,,3.04178 
.7  3.,59, ,..4:39.425038,908/01.9-,,3.04178 
.747043.:77039 ,..4:39         

$97:.9:7041,,3.041!,2039
,,3.041!,20398,8:22,789,90203941,.4:397 8949, 0.4342.97,38,.943894907.4:39708 9,8948/08.70/98/0 ,3//0-98/0 %0.70/98/0848,5,2039894-070.0;0/1742 ,-74,/,3//0-98/0848,5,2039894-02,/0949014703078  -,,3.0415,203989,902039.43889841945,798.:77039,..4:39 ,3/.,59,,..4:39  

   

:77039..4:39
%0.:77039,..4:394190-,,3.0415,203989,90203970,9089470, ,3/8479
907297,38,.9438 9.439,3870.0598,3/5,2039843 ,..4:3941054798 47;8-0,3/3;8-09028 54798,3/254798 412,907,44/8,70;8-09028,3/054798,3/25479841807;.08 ,703;8-09028 %7,38,.9438390.:77039,..4:39,70.,0/70, 97,38,.9438-0.,:8090,70.43.0730/9,.9:,97,381074144/8 ,3/807;.08.,110.93.420 4:95:9,3/0503/9:704190.4:397  %080,703.4200307,9397,381078,3/,70349207013,3., 97,38,.9438    

    

902841:77039..4:39
..47/3949039073,943,4309,7:3/  90.:77039 ,..4:394190-,,3.0415,20393.:/089014439028

07.,3/80
54798,3/2547984144/8147290;8-0,..4:39,3/,;0 /423,39548943390.:77039,..4:3941-,,3.0415,2039  54798.43899:9090.70/98/0,3/2547990/0-98/0 

%7,;0
%7,;08,33;8-0902390-,,3.0415,20398 %7,;02,-0 14770,843841-:83088 0/:.,943 0,9 39073,943,.43;03943847

50,8:708 503/9:70-901470394:789834:7.4:3971472890 .70/9902,3/900503/9:70-4:794:7898,-74,/.43899:90890 /0-990234:7-,,3.0415,2039 

%7,385479,943
39073,943,97,385479,9434144/88,349073;8-097,38,.943 9 3.:/08,704:83 0397,389 ,3/490797,3890503808 &80 41/42089.97,385479807;.08-9014703078890.70/9902,3/90 :80411470397,385479807;.0-/42089.97,/078890/0-9902 

38:7,3.0
38:7,3.05702:2,3/5,2039841.,288,84,33;8-0 97,38,.9433,.4:397 8-,,3.0415,2039,..4:39 38:7,3.0 54.0884/9414703078,70,.70/9902,3/9038:7,3.054.08 5:7.,80/-/42089.:807817429014703078,70,/0-9902 

3;08920393.420
34907;8-0902390.:77039,..4:394190-,,3.0415,20398 903;0892039,..4:39.3.:/083907089 70398 /;/03/8,3/ 574198 3.42070.0;0/43.,59,3;0890/,-74,/890.70/9902 ,3/3.4205,/43.,59,-47740/1742,-74,/890/0-9902 

4;0732039%7,38,.9438
4;073203997,38,.94387010794900503/9:703.:770/-, 4;073203914790:5005419847,3,9438,-74,/ 0  5,203941 8,,7089490,2-,88,/478 .4228843078 09. $:.,24:398 70.0;0/-,4;07320391742,-74,/.43899:9090.70/9902,3/ 2,/09490147034;07320398147290/0-9902 

8.0,304:8
8.0,304:83;8-090283.:/00503/9:703.:770/43807;.08 0,/;079802039 .42288438 1287039, 5,90391008 74,908  8:-8.75943894905074/.,8 202-07851008 09. $:.5,20398 70.0;0/-,.4:3971742,-74,/,70,.70/9902,3/80399490 14703.4:39708,7090/0-9902390-,,3.0415,2039,..4:39  43,9438,3/198,70:3,907,97,38107847 :3
706:70/5,2039  -0.,:8034938;033709:73147902       



,59,..4:39
%0.,59,,..4:394190-,,3.0415,203941,.4:397/0,89 9013,3.,97,38,.9438 93.:/08,9508418479
9072,3/439072 39073,943,24;02039841.,59, 4/97,38,.9438,841472 5,7941.,59,,..4:39 1,.4:3973;08984703/8,-74,/ 98, 5,2039,3/-070.47/0/4390/0-98/0  3904907,3/  .,59,3148390147241-4774381742,-74,/479014703 3;08920398390420.4:397,70039070/4390.70/98/04190 -,,3.0415,2039,..4:39 %080,70,13,3.,97,38,.943870,93 43949097,38107412430,3/90701470,;034/70.925,.94390 0;0413.420,3/4:95:941900.4342  

70.93;0892039



,8./,9,,704-9,30/1742900.,30.4397470.47/8 -:931472,943 43343.,83148,3/703;0890/0,733889,03174290$:7;041 4703,-908,3/88098 8:55020390/-490731472,94343/70.9 3;0892039148 &594 

/70.93;089203933/,,3//70.9 3;0892039,-74,/.425780/2,306:9148 742



 43,7/ 90.4;07,0,8-00305,3/0/943.:/0 3,//9439406:9  703;0890/0,7338 ,3//0-997,38,.9438-0900370,90/039908 %0 /,9,4306:9.,59,3.:/006:93-49:33.47547,90/-:83088 2,3-7,3.084114703-,3833/,,3/-7,3.08413/,3-,38 ,-74,/ ,3/3.47547,90/039908 0.,:8090708,,414300,7147 703;0890/0,7338 /,9,14790248970.0390,7 

 

 ,70 0892,90/,890,;07,04190570;4:8940,78 40;07 ,8 3907.425,3/0-997,38,.9438070570;4:820,8:70/,85,79414907

3;0892039 90.,3032094/44/4083492,0,325,.943 3/, 8309077478,3/4288438  

!4791443;0892039 
,8./,9,,704-9,30/1742900.,30.4397470.47/8 %080,70 8:55020390/931472,943174290$:7;0414703,-908,3/ 88098 3,//943 90/09,8419088:0414-,/054894770.0598,3/ 894.2,7094507,9438-147033899:943,3;089478,7070.0;0/1742 904703.,3005,792039 #  

9073;0892039
489419031472,9434397,38,.9438349073;0892039,88098,3/ ,-90884-9,30/1742900.,30.4397470.47/8 8:55020390/- 31472,94370.0;0/174290/05,79203984190#,3/;,74:8 4;0732039,03.08 3970814797,38,.9438309073,,88098,3/ ,-90841.42207.,-,38,704-9,30/17429075074/.709:73843 14703.:7703.,88098,3/7:500,-908 ,9,43343708/039/054898 9708/039-,38,704-9,30/17420.,30.4397470.47/8 908:7;0 41:3.,8810/70.0598 ,3/31472,9438:-2990/-90700;,39-,3894 90#  

#0807;0,88098
%7,38,.9438:3/0770807;0,88098,704-9,30/17429070.47/84190 # %0.425780.,30839814703.:7703.,88098,3/4/ 30941 0892,90/;,:,943.,308,78317420.,307,9024;02039,3/ 70;,:,94384394.,308339073,943,57.0841 -43/8 80.:7908 4/ %0,84.425780.,3083$#-,,3.080/ -904;0732039,3/,70807;097,3.0548943,990 ,8430941 70;,:,943843940.,307,9024;02039    902841,59,..4:39 %02,3902841.,59,,..4:39,70

!7;,904,38
47034,3870.0;0/-9057;,9080.947 .70/9902 ,3/14703 4,38705,/-9057;,9080.947 /0-99028 

4;0203983,33,59,

31441-,33.,59,0.:/390.0397,-,3 .70/9902 ,3/ 4:91441-,33.,59,0.:/390.0397,-,3 /0-99028  

11.,,59,%7,38,.9438
O 4,38
47034,38,3/.70/9870.0;0/-90411.,80.9473.:/390 /7,38174290 .70/9902 ,3/4,380903/0/94904907 .4:39708,80,8705:7.,804190/7,38174290 /0-9 902 

O 2479,943
#05,203941411.,4,38-4907.4:39708 .70/99028 ,3/ 705,203941411.,4,38-420.4:397 /0-9902 

O 8.0,304:8
4907411.,70.05983.:/3948041.0397,-,3 .70/9902  ,3/,4907411.,.,59,5,203983.:/3948041.0397,-,3 /0-99028 

O #0807;0,3/4309,74/
,308390411.,147030.,304/38 4/70807;084190 .0397,-,3,3/$50.,7,3#98 $# 4/384190 4;0732039 5:7.,808174290,3/82,74907.,59, 97,38,.9438,8:.70.0598705708039.70/9902,3/5,20398 705708039/0-9902   

 

 ,,3.041!,20398,3/,,3.041%7,/0
 ,,3.0415,2039884:/-0/893:80/1742-,,3.04197,/0  

,,3.041%7,/0



,,3.04197,/0701078949005479,3/2547941;8-09028  0  2,907,44/8 9890/110703.0-0900390;,:041;8-0054798 ,3/254798 '8-09028,7094809028.,7070.47/0/390 .:89428709:7381470,250 2,907,44/8054790/,3/254790/ 1 90;,:041;8-0054798870,9079,39,941;8-0254798 90 -,,3.04197,/088,/94-01,;4:7,-0  3904907,3/ 190 ;8-0254798,7070,9079,390;8-005479890-,,3.04197,/08 :31,;4:7,-0 3, 190;,:041;8-005479806:,949,941 ;8-0254798 90-,,3.04197,/08306:-7:2 ,,3.04197,/0 8,84343,8207.,3/8041054798,3/254798   

,,3.041!,20398
,,3.0415,20398 43904907,3/ 8,2470.42570038;0 .43.059 -0.,:809.4;078;8-09028  0 -,,3.04197,/047 207.,3/80,..4:39 ,3/3;8-09028 3;8-09028,709480 9028.,7034970.47/0/390.:89428709:7381470,250  807;.08 8:.,897,385479,943 -,33 38:7,3.009. .,59,148  5:7.,80,3/8,0414/ 09. %:8 -,,3.0415,203988,-74,/07 90729,3-,,3.04197,/0-,,3.0415,203983.:/08-49;8-0,8 0,83;8-09028 070,8-,,3.04197,/03.:/0843;8-09028      

 

 !$&#!&$%
%0-,8.7:0147 !,..4:3938,81448 397,38,.9439,9;0878094,5,2039-90.4:39794147030788, /01.9902390.4:3978 !,..4:39 397,38,.9430,/39470.509 1742147030788,8:75:89023909,9.4:3978 !,..43:39 0 349,9 !,894,..4:398 &##%!% 03.0  ;07, !&##%,..4:39 !%,..4:39  !838:75:8190.42-30/.:7739,39.,59,,..4:398,;08:75:8  %:8,/01.93.:77039,..4:39-9801/408349.70,90, !/01.9 9 2,-04:900/-,8:11039,708:75:83.,59,,..4:39 %0 .0397,54394139073,943,5,203989,9,.4:397,8945,147,9 80-:8,-74,/ 3,5078438503/824709,383.420 8/01.98 300/894-013,3.0/-803,8809847-47743 $2,7 1,.4:397 43.0,/01.9398.:77039,..4:39 90/01.9300/894-013,3.0/- 803,8809847--47743,-74,/ %080341,8809847-47743 25089,990.4:39787:333,.,59,,..4:398:75:8  ,59,,..4:39.,3-0.,8810/39494805,7,905,798
57;,90.,59, 97,38,.9438
411.,70807;097,38,.9438  9.47708543/894.0397,-,38,.9;908 %:8 9070,7094,894 13,3.0,.:77039,..4:39/01.9    .:77039,..4:39/01.9.,3-013,3.0/-57;,90708/03.0803 41,88098,-74,/47-47743,-74,/  3904907,3/ 190708, .:77039,..4:398:75:8 9057;,9080.9472,:809814703 0.,3070;03:08945,411/0-947-:,88098,-74,/ %83/41 97,38,.94343.,59,,..4:398701070/94,8343
70807;0/.,59, ,..4:39

  .:77039,..4:39/01.9.,3,84-013,3.0/-904;0732039- 7:333/439870807;0841147030.,30 398.,80.0397, -,380814703.:7703.390147030.,302,7098  390 4907,3/ 390.,8041.:77039,..4:398:75:8 90.0397,-,3 .,35:7.809014703.:7703.390147030.,302,7099,9 ,//89498147030.,3070807;08 %8,9073,9;0,3/.,908 4;07, !  

    38479, !8:75:825083095:7.,8041147030.,30-90 #.,//89498894.41147030.,3070807;0 .43;0780, !

/01.90,/8943098,0841,147030.,30-90# . /0.70,80898894.41147070807;08 %:8 903.70,8047/0.70,803 411.,70807;088.,0/904;07, !8:75:847/01.9     !8:75:83.70,803411.,0.,3070807;0 .:77039,..4:398:75:8 30957;,90.,59,314   !/01.93.70,803411.,0.,3070807;0    !/01.9/0.70,803411.,0.,3070807;08 .:77039,..4:39/01.9 30957;,90.,59,4:914 03908:241.:77039,3/343
70807;0.,59,,..4:3941,.4:397 -0.420806:,94074 988,/94-043 !06:-7:2 398 89:,943 90.:77039,..4:39-,,3.080397013,3.0/-39073,943, 03/3,3/9070,7034411.,70807;02420398  03.0 39089:,94341 !06:-7:2 .:77039,..4:39 343
70807;0 .,59,,..4:39
 1-4990.:77039,3/57;,90,..4:39,703/01.9 903904;07, -,,3.0415,2039883/01.9 9,98 90.0397,-,3848314703 70807;08 03430,..4:3983875:8,3/90490783/01.994 5708.0908,2009039 904;07,-,,3.0415,203988074
30907 38:75:83473/01.9 9,98-,,3.0415,2039806:-7:2         

806:-7:23,,3.041!,2039
 472, 90-,,3.0415,2039841,.4:39784:/-03 06:-7:2  0 90254798,3/0547984144/8,3/807;.0884:/-0 06:, :9370,9 9834984 806:-7:20307,,7808390 -,,3.0415,2039,..4:39 ,,3.0415,20392,-0:31,;4:7,-0 03907080.088412547984;07054798 /01.9-,,3.0 92,-0 1,;4:7,-003907080.088410547984;07254798 8:75:8 ,..4:39 %050342034341/806:-7:285,79.:,770,90/94 90.:77039,..4:3941-,,3.0415,203989,90203990.,59,,..4:39 8:80/9480990902-,,3.0390.:77039,..4:39974:.,3083 9013,3.,148411:3/8 '00/39880380 /806:-7:2390 -,,3.0415,20398 /01.9478:75:8 ,110.98901:3/,2039, 0.4342.70,943858,243903,9438,3/7010.98,.4:397 8 0.4342.0,30884789703970,9;09449078   

   

 %50841806:-7:2 
%02,3950841/806:-7:23-,,3.0415,2039,70,8;03 -04 

 ..,806:-7:2
..,/806:-7:2390-,,3.0415,2039,7808/:094-:83088 ..08 98.,:80/-...,5,990738413.420 47-/1107039 3.4200,89.908 47-/110703957.00,89.908 %0801,.9478-73 .,308390907284197,/0,80,87494197,/0. 39:73  0,/94,/01.9478:75:8390-,,3.0415,2039 0357.08780 357485079 ,.4:397924700,89./02,3/147254798 050703.0,/0.30390;,:041254798 9:80,/394,8:75:83 90-,,3.0415,20398 43;0780 ,857.08/0.303/05708843  24700,89./02,3/3.70,80254798,3/.,:80,/01.9390 -,,3.0415,20398 %080903/03.082, 40;07 -0411809-90 0110.98413.420.,308 3.4208/:73574850793.70,80 254798,3/43.420/:73/0570884370/:.0254798  

 $0.:,7806:-7:2
$0.:,74743
9072/806:-7:23-,,3.0415,203984..:7 -0.,:804143
80,90/,3//005
74490/.,3083900.4342,89 24;08174243089,04174994,34907 39039,89,0841 0.4342./0;0452039 /42089.3;08920390.00/88,;38,3/ 2547988:75:8 %03 9070.4208,89,003/42089.8,;38903/ 940.00//42089.3;0892039,3/0547980.00/254798  806:-7:2,7808-0.,:80908:75:88,;380.00/3;0892039 455479:3908,-74,/ 9,89,90789,0 /42089.8,;38903/94 06:,/42089.3;0892039,3/43
9072.,59,24;02039843-,,3.0 -0.420074  

 $97:.9:7,806:-7:2
$97:.9:7,/806:-7:2390-,,3.0415,20394..:7803 897:.9:7,.,3083842080.947841900.4342,90790/02,3/,3/ 8:55147.0831:03.3054798,3/254798 $97:.9:7,/806:-7:2 2,-041949508  $97:.9:7,/806:-7:2,99044/80;04..:7803,.,30

3/02,3/478:554105479847254798,9078,570;4:8 089306:-7:24703,.,304..:78390-,8. .7.:289,3.08:3/07.3.42080,730/4785039,-74,/ 3 -49.,80894:990706:8905,7,0.,308080070390 0.4342   $97:.9:7,/806:-7:2,9901,.9470;0708:9817421,.9478 .1,947010.9,..:7,901,.94703/420398 0 03 1,.94757.08 4:9413091,.94703/420398 /8947990 897:.9:7041574/:.943174290,4.,943417084:7.08. ,557457,901,.94757.084:/,;03/.,90/   $97:.9:7,/806:-7:28.,:80/-.,308390.344  9,8908,3/,999:/094,7/8147033;0892039 !49., /89:7-,3.08 89708 4.4:98 09. .,110.9908:5541 054798,84.,:80897:.9:7,/806:-7:2  

 :3/,2039,806:-7:2
%090721:3/,2039,/806:-7:2,8-003473,:80/-90 943/.,90,507889039,3/43
9072/806:-7:23,.4:397 8 -,,3.0415,2039 :3/,2039,/806:-7:2,700.088;047 3,/06:,9039073,943,/02,3/1471470344/80.088;047 3,/06:,90.425099;089703939047/2,709,3/0.088;0 .,59,24;020398    

 



,:80841806:-7:2
',74:8.,:80841/806:-7:2390-,,3.0415,203947,/;0780 -,,3.0415,2039,70,81448 

 0;0452039$.0208
%02,370,843147,/;0780-,,3.0415,2039390/0;0453 .4:39708890:03;08920393/0;04520398.020839080 .4:39708 %05745038994254794190/0;0453.4:39708 3.70,808147,3941.,59,1473/:897,,943 %0054798 4390 4907,3/ 2,3493.70,80-0.,:809080.4:39708,7097,/943, 572,744/ 574/:.9574/:.3.4:39708 4704;07 90;4:2041 0547982,1,-0.,:8030.70,90//42089.3/:897082,300/ 902 980,/894897:.9:7,.,308390-,,3.0415,2039 708:933897:.9:7,/806:-7:2  

 !7.0 489$97:.9:70
,308357.0 .489897:.9:7041054793/:89708,110.990;4:20 41054798,3/.70,90/806:-7:2390-,,3.0415,2039 3.70,80 357.08/:09407,08 07.489417,2,907,8 09. 70/:.08 054798,3/2,0890-,,3.0415,20398:31,;4:7,-0  

 ,3083#,9041.,30
,3083907,90410.,30,70,34907.,:8041/806:-7:23 90-,,3.0415,2039 33.70,8039009073,;,:0412430 2,08254798.0,507,3/054798/0,7079:8 2547983.70,80,3/ 0547981,,3/.43806:039-,,3.0415,2039-0.4208 :31,;4:7,-0 $2,7 ,70/:.94339009073,;,:0412430 0,/894,70/:.9433254798,3/,33.70,803054798 .43806:039 0,/394,1,;4:7,-0-,,3.0415,2039  

 ,3547902,3/
%070,8-003,.438/07,-0/0.3039005479/02,3/14790 572,744/841:3/07/0;0450/.4:39708,8,708:94190,70 3.70,80390/42089.574/:.94341144/89:118 7,2,907,8,3/ 8:-899:9083907..4:39708 $2,7 90,/;,3.0/.4:39708,84 13/,1,390705479/02,3/-0.,:804148841.443,2,709  40;07 90/01.9390-,,3.0415,2039/:094901,305479

 /02,3/82470507889039390:3/07/0;0450/.4:397089,3390 ,/;,3.0/.4:39708  

 0243897,943110.9
%050450390088/0;0450/.4:39708903/9414490 .438:259435,9907384190/0;0450/.4:39708 8,708:94198 /0243897,9430110.9 902547984190088/0;0450/.4:39708 3.70,80,3/.70,90/806:-7:2390-,,3.0415,20398  

 39073,943,47743,3/03/3
39073,943,-47743,3/03/38,3490770,84314790 /806:-7:2390-,,3.0415,20398 %0-47743.4:397 903/894,;0:31,;4:7,-0-,,3.0415,2039  

 ..,:.9:,9438
..,1:.9:,9438.,:80...,/806:-7:2390-,,3.041 5,2039 :73/05708843 903.4208419050450314703 .4:397081, 43806:039 90054798419080.4:39708903/94 /0.30. 39:73 574/:.08/806:-7:2390420.4:397 8 -,,3.0415,2039  

 03/0503/0394:39708
%0303/0503/039.4:39708 347/0794/0;04539073,943, 70,9438 3.:7:0,24:39410503/9:704390089,-8203941 02-,8808 288438 09. 34907.4:39708 %8,/;0780,110.98907 -,,3.0415,2039548943  

 !45:,94354843
3490725479,3970,843147,/;0780-,,3.0415,20393905447 .4:397088545:,943054843 #,5/74941545:,9433 .4:39708007,3.70,808254798,3//0.70,80890.,5,.994 05479  


,9:7,,.9478
,9:7,.,,2908 8:.,8/74:98 144/8 09. ,/;0780,110.990 574/:.943390.4:397 8,708:9 900547981, 90254798 3.70,80,3/90.4:397050703.08/01.9398-,,3.0415,2039 

 094/8414770.93

!806:-7:2


!07889039/806:-7:2390-,,3.0415,2039 5,79.:,790 /01.9-,,3.0 8:3/087,-0-0.,:8090,03890.4:397 8 0.4342.548943,99039073,943,0;0 ,3/,110.9890574708841 900.4342,/;0780 92:89-0.:70/-9,3,557457,90 20,8:708 %070,702,32094/894.4770.9/806:-7:2390 -,,3.0415,20398 25479,39,243902,70/8.:880/-04

 01,943
01,943890.,88.,20/.30147.4770.9390/01.9390 -,,3.0415,2039 01,943701078949054.4170/:.390 6:,399412430347/079470/:.09057.08,3/9024303.420 419050450 %0.0397,-,3 -7,8390-,37,90 974:803 4180.:790839045032,709,3/-49072094/8.,370/:.090 ;4:2041.70/93900.4342 .0,/94,1,357.08,3/ 24303.420419050450 ,357.08892:,90054798,3/ 70/:.94333.420.0.8254798  

 0570.,943 
349072094/41.4770.93/806:-7:2390-,,3.0415,2039 8/0570.,943 0570.,94320,38,1,3907,90410.,3041430 .:7703. 420.:7703. 39072841,34907 14703.:7703.  .:7703./0570.,9003988:55390147030.,302,709 8,70370,9439498/02,3/ 3490747/8 ,.:7703.88,/94 /0570.,90198;,:01,83907284114703.:7703.08  0 12470 /42089..:7703.8706:70/94-:,:394114703.:7703. %0 0110.941/0570.,94341,.:7703.8942,0254798/0,707,3/05479 .0,507 %:8 /0570.,943058,.4:39794,.0;0,1,;4:7,-0 -,,3.0415,2039-.0.3254798,3/892:,93054798  

 0;,:,943 
0;,:,9437010789490411.,70/:.943419009073,;,:0841, .:7703. %0/110703.0-09003/0;,:,943,3//0570.,94389,9 0/0;,:,94320,389040734109073,;,:041,.:7703.- 904;0732039 /0570.,94320,38,3,:942,9.1,39009073,

;,:04190.:7703.-902,709147.08901472078,7-97,7,3/ 90,9907890708:9412,70920.,382 %:8 /0;,:,943807;08 43,8,3,9073,9;02094/94/0570.,943 492094/82590 8,2093  0 /0.70,80390;,:041,.:7703.3907284114703 .:7703.08 492094/8.,3-0:80/94574/:.0908,200110.9890 /8.4:7,0254798 03.4:7,0054798,3/9:8 0,/94,70/:.9433 90-,,3.0415,2039/01.9     .,3043974


.,30.439748902489/0:80/2094/147.4770.93 /806:-7:2390-,,3.0415,2039 .,30.4397470107894 90.439744;0790:8041147030.,30-90.0397,-,3 &3/07 982094/ ,9005479078,70/70.90/-90.0397,-,38:7703/07 907147030.,300,7338 47030.,3087,9430/,243 90.0380/25479078  3088039,254798,705072990/ .,30 .439748902489/70.92094/4170897.93,.4:397 8254798 %0 2,47/7,-,.41982094/89,99/0,8990/01.943 ,3/ 34998.,:808 #,90770/:.090/01.9 92,,7,;,909080.,:808 ,3/9:8.70,90,2470-,8./806:-7:2 38479 0.,30.43974 /408349574;/0,5072,303984:943147.743./806:-7:2  

 ,59,4;02039
 31441.,59,47.,59,254798.,3-0:80/94.4770.9,/01.9390 -,,3.0415,2039 190.,59,850710.924-0-0900390 .4:39708 ,33.70,80390/42089.7,90413907089,-4;09047/ 7,90708:939031441.,59, %870/:.090/01.9390 -,,3.0415,2039  

 3.4:7,354798 
347/0794.4770.9,3,/;0780-,,3.0415,2039 ,011479884:/-0 2,/09403.4:7,0054798 %04;073203984:/,/459;,74:8 05479574249435747,2208 8:.,89070/:.9434105479/:908  574;84341054798:-8/08 6:,9.439748 3.039;08147054798  09.  

  8.4:7,3254798 
99025984:/,84-02,/09470/:.0254798-,/4593;,74:8 20,8:708 %08025479,3920,8:70894/8.4:7,0254798,7025479 /:908 254796:49,8 ,3/254798:-899:943  

       

 $ !%$
3/, 8,,3.041!,20398 4! 1479097/6:,7907 0 .94-07
0.02-07

419013,3.,0,7



,80/439080 57023,7/,9,,3/905,79,70;80//,9,14790178994 6:,79078 0 57
:30

 " ,3/:
$05902-07

 " 90 4!/,9,147905074/57
0.02-07

4190.:7703913,3., 0,7



,;0-003.4250/ ,4798414!  5479870.47/0/,74941 507.039/:73"41



 4;0790.47708543/36:,79074190570;4:80,7 ,1907.4380.:9;0 /0.308390,8914:76:,79078   2547987089070/,74941 507.0393"41



,1907 70.47/3.4380.:9;0/0.308390,8997006:,79078   !7;,9097,3810770.0598702,30/74-:89/:73"41



 ; 08590497,/0/01.9 90.:77039,..4:39/01.9,807,9 &$
-43/:73"41



2,3/:094 4073;8-088:75:8  ; %0.:77039,..4:39/01.9/:7357
0.02-07

,807 ,9&$
-43,8.425,70/94&$ -43/:7357
0.02-07

  ; $:75:83.,59,,..4:393.70,80/8,7594&$ -43 /:7357
0.02-07

 &$ -43/:7357
0.02-07 

 2,343,..4:3941,703148:3/07 !479144 3;0892039 #/054898,3/.42207.,4,38  ; 8908:75:83.,59,,..4:390.00/0/90.:77039 ,..4:39/01.9 9070,8,309,..7094394147030.,3070807;08 41&$ -43/:7357
0.02-07

 ,8,,389, /7,/4341&$
-43/:7357
0.02-07

   

,,3.041!,20398147 .94-07
0.02-0741



 %02,47902841904!1479097/6:,790741



,70809 4:9-043%,-0 %  
%,-0,479028413/, 8,,3.041!,20398 902 57
:30 :
$05902-07  &$243  .94-07
0.02-07 



 



 !#  !          



    
 




  54798  254798  %7,/0,,3.0 
   3;8-08 309  :77039 ..4:39,,3.0     ,59,  
      
    ..4:39,,3.0   ,303#0807;08
 
  
   
 
3/.,9083.70,80        3/.,908/0.70,80   3.:/3077478,3/4288438  34!-,88  0 0.:/3;,:,943  !!7023,7 !#!,79,#0;80/ 





 



 



 



 !#  !#  !#  !#         
  
      
    

 
 
 
  

 
    
 
 

 
 


 3/, 8207.,3/8005479870.47/0/,74941 507.0393 "41



,8,,389,/0.3041 507.0393"41



   254795,203980 43,4!-,88 7089070/,74941  507.0393"41



,8.425,70/9,33.70,8041 507 .0393"41



 70- 507.0394370.947,900307,41 42207.,39003.0,3/$9,989.8  $ -,88/:7390 6:,7907:3/0770;0 %04749325479882,3,997-:90/ 94/0.303470,90/254795,20398/:09440739073,943, .7:/0457.08/:73905074/   %097,/0/01.9 43,4!-,88 ,8407,9&$
-43,8 .425,70/94&$
-43/:73"41



  ; %0/0.3033;8-0870.0598 .89,790/390"41



 .4393:0//:73"41



3;8-0870.05987089070/, /0.3041 507.039/:73906:,7907 ,8,,389,33.70,8041

 507.0393"41



 2,343,..4:3941/0.303 -:83088 .422:3.,943,3/13,3.,807;.08 ,3/3;0892039 3.42070.0598 94: 8419,7005479870.47/0/,74-:89749 41 507.039 807;.08054798,8,40930880/,/0.3041  507.039/:73906:,7907,8,,389,33.70,8041 507 .039/:7390.47708543/36:,790741



  ; 3;8-085,2039870.47/0/,74941 507.039/:73" 41



,8.425,70/9,474941 507.0393"41 



 2,30/-3.70,8035,20398:3/07,2489, .42543039841807;.08  ; 8/0.303807;.08054798,82,/0:5-8974357;,90 97,38107870.0598  507.0393"41



 3093;8-08 3;8-0870.059823:83;8-085,20398 70.47/0/, 8:75:841&$ -433"41



 &$ -433"41 



  ; $0413;8-088:75:83"41



,8 40;07 407 9,3"41570.0/30,7 %0701470 /08590497,/0/01.9  90.:77039,..4:39/01.9,807,9&$
-433"41 



 &$ -433"41



  ; 4393:3-:4,3.3.,59,31482,30/-,703148 :3/0714703/70.93;08920398 54791443;08920398,3/8479
9072 97,/0.70/98708:90/3,309.,59,,..4:398:75:841&$  -43/:73"41



,8,,389,309/01.941&$ -43 /:73"41



   09148 3093,7/23:83094:9,7/ ,24:390/ 94&$ -433"41



 &$
-433"41



  093,7/8944/,9&$ -43/:73"41



 &$  -433"41



 094:9,7/702,30/407,9&$  -433"41



 &$ -433"41



 09 54791443;0892039807007,9&$ -432,38:554790/ -897433093148-90147033899:943,3;089478,24:393 94&$ -43/:73"41



  099073,42207.,477438 8 702,30/407,9 &$ -433"41



 &$ -433"41



  2,3/:0943.70,80/705,20398,3/4/8-:78020398

41.42207.,4,38943/, $479
907297,/0.70/98943/, 70.47/0/,30931441&$ -433"41



,8,,389, 3094:91441&$ -43/:73"41



   093148:3/07-,33.,59,,807,9&$ -43 2,3/:094/7,/434114703,8809841.42207.,-,38,3/, 30931441&$
-43:3/07343
708/0393/,3 # /054898   %070,8,33.70,803147030.,3070807;08434!-,88  0 0.:/3;,:,943 41&$ -433"41



,8 ,,389,/0.3041&$ -433"41



 33423, 90728 3.:/3;,:,943.,308 147030.,3070807;087480- &$ -43/:73"41



  ,,3.041!,20398 4! 14757
0.02-07

 %,-0 % ,3/$9,9020395708039/0;0452039832,479028 414!/:7357
0.02-07

 ,47/0;04520398,70,8:3/07   3,4!-,88 3/, 8207.,3/8005479854890/,/0.3041  507.039357
0.02-07

 ,8,,389,74941  507.039390.47708543/35074/4190570;4:80,7   254795,20398 43,4!-,88 ,84702,30/40770.47/3, /0.3041
507.039/:7357
0.02-07

,8.425,70/9 ,74941 507.039390.47708543/35074/4190 570;4:80,7   ..47/39490 $/,9, 054798/0.30/- 507.039  ,3/254798749,830,9;0,9
507.0390/-90/0.303 -494254798 ,/0.3041 507.039 ,3/343
4254798 , /0.3041 507.039 /:7357
0.02-07

      

%,-0,479028413/, 8,,3.041!,20398 902 57
,7. 



 



 # !#      

   
 
 
 
    
 
  
 
  
  


   &$243  57
0.02-07 



 



 !#  !   

      
 
  
  
 


    
 


 

  

  54798  254798  %7,/0,,3.0 
   3;8-08 309  :77039..4:39,,3.0     ,59,..4:39,,3.0   ,303#0807;08
3/.,9083.70,80 3/.,908 /0.70,80   3.:/3077478,3/4288438  34!-,88  0 0.:/3;,:,943  !!7023,7 !#!,79,#0;80/ ##0;80/ 

;  3,4!-,88 90207.,3/8097,/0/01.9/0.70,80/94&$  -43/:7357
0.02-07

1742&$ -43357
0.02-07

2,343,..4:3941-494074,3/343
4 254795,20398 ,79 .  

; 3;8-070.059870.47/0/,/0.3041 507.039/:7357
0.02-07

 ,8.425,70/9,33.70,8041 507.039390 .47708543/35074/4190570;4:80,7 2,3/:09490407 70.0598:3/07,2489,.42543039841807;.08.4:50/9407 3;08920393.42070.0598 %,-0 % ,3/,79    ; !7;,9097,3810770.0598 .4257832,370299,3.081742 3/,384734;0780,8 3.70,80/94&$
-43357
0.02-07

1742&$ -43390.47708543/35074/41 90570;4:80,7 !7;,9097,3810770.0598.43899:90/ 507.03941 .:7703970.0598357
0.02-07

  507.039390 .47708543/35074/4190570;4:80,7 &3/07!7;,9097,381078  903,7/70299,3.081471,22,3903,3.0,..4:390/147,-4:9  507.0394190949,57;,9097,3810770.0598 04., 9/7,,8,..4:390/147,-4:9 507.039357
0.02-07 

 

; $419,7070.0598,9&$ -43840/,2,73,/0.3041  507.039357
0.02-07

 
%,-03;8-087488#0.0598,3/!,20398 902 3;8-08#0.0598 57
,7. 57
0.02-07 



 #  


 



 
 !  !#          
 
 
   
    &$243  3;8-08!,20398 57
,7. 57
0.02-07 







 



 # 


 
 !  !#  !#        
   

         
       
   

 
  
 
 
    





 !#      $07;.08 94  
 
    %7,;0   
  %7,385479,943 

    38:7,3.0  4;9 349 3.:/0/08007 0  8.0,304:8 1. $419,70 43
$419,70  %7,381078 !7;,90 11.,  3.420 3;0892039 3.420 425038,943 41254008 3;8-08          





 

 

 

    


  

      
          
          
   
      
  

 
    

 
 
   

    
                     
   

         
    
   
     
                 
   
  
 
  
         

     
            !!7023,7 !#!,79,#0;80/ ##0;80/ 

; 3;8-085,20398930880/,5489;074941 507.039 357
0.02-07

 
507.039357
0.02-07

 

2,38:554790/-07-:83088 .422:3.,943,3/13,3., 807;.08 ,3/3.70,8035,20398:3/073;08920393.420,..4:39   093;8-08 3;8-0870.059823:83;8-085,20398 8944/ ,9&$ -43/:7357
0.02-07

,8.425,70/9&$ 
-43/:7357
0.02-07

 9980;0 903;8-08 8:75:813,3.0/ 507.0394197,/0/01.9/:7357
0.02-07 

,8,,389
507.039/:7357
0.02-07

   0859040797,/0/01.9 /0.3033;8-088:75:80/94 07.:77039,..4:39/01.9,9&$
-43357
0.02-07 

 &$ -43/:7357
0.02-07

  ,79   

 09.,59,148,9&$ -43357
0.02-07

,8 2:.07,8.425,70/9&$ -43357
0.02-07

 2,3/:094,7073148:3/07 54791443;08920398,3/# /054898 %,-0 %  
%,-009,59,48 902 57
,7. 



 



 # !#                 


   


          
     
  

 
 




    &$243  57
0.02-07 



 



 !#  !             



   

  
 
 
      
      
    
 


 

 
    


  


  470370.93;0892039 3,7/ :9,7/  !4791443;0892039 1. 8 # #8  9073,8889,3.0  9073,42207.,477438  #054898  ,33,59,0.:/3# 054898  $479
9072%7,/070/98  
  #:5000-9$07;.0
   907,59, 
 %49, 94  
  ##0;80/ !!7023,7 !#!,79,#0;80/ 

 :0944074:9,7/ 90309 3,7/23:84:9,7/  ,807,9&$ -43357
0.02-07

,8 .425,70/9&$ -43357
0.02-07

   !4791443;0892039930880/,70309314841&$  -43/:7357
0.02-07

,8,,389,3094:91441&$  -43357
0.02-07

/:094,70309314841&$ 
-43  ; 0909073,.42207.,-477438 8 314840//43 94&$ -43357
0.02-07

 &$ -43357
0.02-07

 2,3/:0943.70,80/705,20398  ; %03.70,803147030.,3070807;08434!-,88  0  0.:/3;,:,943 ,8&$ -43357
0.02-07

 ,8 ,,389,8,75/0.30370807;0841&$
-43357
0.02-07

 !7088#00,804390$4:7.0841',7,9433 4703.,30#0807;088805,7,9088:0/(   425,784341#,3/ $254798,9, :7357
0.02-07

 -,80/439070.47/84190 $ 254798/,9,,3/904!207.,3/80254798 90/110703.0 -090039094/,9,80984784:994,-4:9&$
-43 %,-0  %  
%,-0 $,3/904!25479,9, 902   4!254798   $254798  110703.0 
  &$-43  57
,7. 57
0.02-07 



 



 



 



       
  
 
   
    
   

  


 9073,0-914790":,790703/30.02-07

 850790089357,.9.0 9009073,/0-9147906:,7907803/3 ,7.,3/:30,70.4250/,3/700,80/-90#0807;0,341 3/, 09009073,/0-91476:,7907803/3$05902-07,3/ 0.02-07,70.4250/,3/700,80/-903897413,3.0  4;0732039413/, ..47/3 90/,9,4309073,/0-914790

6:,790703/30.02-07

,70-03700,80/-90389741 3,3.0 4;0732039413/, %08,20.4:/-0,..0880/,9 1323 3. 3 

  

 &$ 
,,3.0415,2039890/110703.0-09003,.4:397 870.0598,3/ 5,20398970,7/89407054798,3/254798 ,,3.04197,/0  .8,8:-
80941-,,3.0415,2039 820,8:70/3907284190 /110703.08-09003;8-0,3/3;8-0054798,3/254798 %0 -,,3.0415,2039 813,3.,89,902039882,/041945,798.:77039 ,..4:39,3/.,59,,..4:39 3900;03941/806:-7:2390 -,,3.0415,2039 /01,943 /0570.,943 /0;,:,943 0.,30 .43974 .,59,24;02039 03.4:7,041054798,3//8.4:7,0203941 254798,7084204190,;,,-02094/8147.4770.93902-,,3.08 39097,/0 

 

 %
04:/0940570884:7850.,9,38417,99:/094574108847#$ $&#4,;020904/03455479:3994/49843/071:5740.94390 945.,,3.041!,20398 .,84050/:83/43,4941#080,7.,3/ 0.,209434,-4:9842,330938 0,7070,9,31:944:  

#%$ !&!%   '$# #   #%   ! $  

$%   $#%    
  $$  



doc_279192986.docx
 

Attachments

Back
Top