Investments
Investments
Investments
Numdt cf D@VOY]AO@]Y
Numdt Cgboivos2
]c motorad`o tent2
7. Njj roicrmom d`icao frca d`vostao`ts ens niiruom tc teo o`ty nt teo o`m cf teo ropcr`k pordcm.
9. Njj d`vostao`ts cw`om gy teo o`ty nt teo o`m cf teo ropcr`k pordcm nro d`ijumom d` teo stntoao`t
cf `n`idnj pcsdc`.
=. Njj d`icao niirud`k frca d`vostao`ts nt teo o`m cf teo ropcr`k pordcm ens goo` roicrmom.
?. D`vostao`ts nro d`ijumom d` teo stntoao`t cf `n`idnj pcsdc` nt npprcprdnto niicu`ts. ]eo rojntom
d`vostao`t d`icao ds d`ijumom d` teo d`icao stntoao`t nt teo npprcprdnto nacu`t.
Xrcgjoa =->
Nt Moioagor 9>, 78>8, AN@KC ICWX. enm teo fcjjcwd`k d`vostao`ts soiurdos tent woro
purienso murd`k 7884, dts rst yonr cf cpornc`s2
]rnmd`k Yoiurdos2
Nvndjngjo-fcr-snjo soiurdos2
Eojm-tc-anturdty soiurdos
>. D`v
D`vosta
ostao`t
o`tss ijnssd
ijnssdom
om ns
ns iurro`
iurro`tt nssots
nssots
N. X>>,;88,888 I. X>>,988,888
G. X>>,?88,888 M. X>>,5?8,888
7. D`v
D`vosta
ostao`t
o`tss ijnssd
ijnssdom
om ns `c`iu
`c`iurro
rro`t
`t nss
nssots
ots
N. X4,;88,888 I. X4,=88,888
G. X4,588,888 M. X4,?88,888
9. _`ronj
_`ronjdzom
dzom knd` (jcs
(jcss)
s) icapc`o
icapc`o`t
`t cf
cf d`icao
d`icao gofcro
gofcro tnxos
N. X??8,888 I. (X788,888)
G. (X??8,888) M. X788,888
=. _`ronj
_`ronjdzom
dzom knd`
knd` (jcss)
(jcss) iicapc`
capc`o`t
o`t cf cteor
cteor icaproe
icaproeo`sdv
o`sdvo
o d`ica
d`icao
o
N. X?88,888 I. (X?8,888)
G. X688,888 M. X>?8,888
?. [edie cf te
teo
o fcjjcwd`k
fcjjcwd`k ds `ct n ien
ienrnitord
rnitordsi
si cf `n`idnj
`n`idnj nssots
nssots ijnssdom
ijnssdom ns eoj
eojm-tc-
m-tc-antur
anturdty
dty
d`vostao`ts3
N. ]eo ecj
ecjmor
mor ens n moac`strn
moac`strntomtom pcsdvo
pcsdvo d`to`c`
d`to`c` n`m ngdjdt
ngdjdty
y tc ecjm teoa tc
tc anturdty.
anturdty.
G. ]eo ecj
ecjmor
mor in` roicvor
roicvor sugstn`n
sugstn`njjy
jjy njj cf dts
dts d`vostao`ts
d`vostao`ts,, oxiopt weo` tteoro
eoro ens go
goo`
o`
iromdt motordcrnc`.
I. ]eoy envo xom
xom cf motorad`ng
motorad`ngjojo pny
pnyao`ts
ao`ts n`m n xom anturd
anturdty.ty.
M. ]eoy
]eoy nr
nro
o qu
quctom
ctom d` n`
n` nivo
nivo anrlo
anrlot.t.
Ycjuc` =->
>. D`v
D`vosta
ostao`t
o`tss ijnssd
ijnssdom
om ns
ns iurro`
iurro`tt nssots
nssots22
Yoiurdty NN X9,988,888
Yoiurdty GG 5?8,888
Yoiurdty MM 9,5?8,888
Yoiurdty FF 9,;88,888
]ctnj X>>,;88,888
N`swor2 N
Iurro`t nssots d`ijumo nssots eojm prdanrdjy fcr teo purpcso cf god`k trnmom (`n`idnj nssots ijnssdom ns
eojm fcr trnmd`k u`mor XNY 94, Fd`n`idnj D`struao`ts2 Woick`dc` n`m Aonsuroao`ts) n`m teo iurro`t
pcrc` cf iurro`t `n`idnj nssots. (XNY >)
Nor d`dnj roick`dc`, eojm ’ fcr ’ trnmd`k n`m nvndjngjo ’ fcr ’ snjo soiurdos nro aonsurom nt teodr
fndr vnjuos wedjo eojm ’ tc ’ anturdty d`vostao`ts nro aonsurom nt nacrzom icst usd`k teo ooivo
d`torost aotecm (XNY 94).
7. D`v
D`vosta
ostao`t
o`tss ijnssd
ijnssdom
om ns `c`iur
`c`iurro`
ro`tt nssots2
nssots2
Yoiurdty II X=,988,888
Yoiurdty OO ?,788,888
]ctnj X4,?88,888
N`swor2 M
9. _`ronj
_`ronjdzom
dzom knd` (jcs
(jcss)
s) icapc`o
icapc`o`t
`t cf
cf d`icao
d`icao gofcro
gofcro tnxos2
]rnmd`k Yoiurdos2
N`swor2 G
N knd` cr jcss nrdsd`k frca n ien`ko d` teo fndr vnjuo cf n `n`idnj nssot ijnssdom ns nt fndr vnjuo
tercuke prct cr jcss (d`ijumd`k eojm ’ fcr ’ trnmd`k soiurdos) senjj go roick`dzom d` prct cr
jcss.
=. _`ronj
_`ronjdzom
dzom knd`
knd` (jcss
(jcss)) icapc`o`t
icapc`o`t cf senroecj
senroecjmors—
mors— oqudty2
oqudty2
N`swor2 N
N knd` cr jcss nrdsd`k frca n ien`ko d` teo fndr vnjuo cf n` nvndjngjo ’ fcr ’ snjo `n`idnj nssot
N`swor2 G
Xrcgjoa = ’ 7
Ijnssdfyd`k D`vostao`t Yoiurdos
GN@N@N ICAXN@T ens puriensom >88,888 senros cf U Icrpcrnc` nt n icst cf X>adjjdc` wedie
roproso`ts n >8% senroecjmd`k. Gn`n`n ens teo d`to`t n`m ngdjdty tc ecjm teds d`vostao`t fcr jc`k
tora n`m pjn`s tc ijnssdfy dt ns eojm ’ tc ’ anturdty n`m aonsuro dt nt icst.
D` wedie cf teo fcjjcwd`k intokcrdos in` teo an`nkoao`t cf Gn`n`n Icapn`y ijnssdfy teds
d`vostao`t d` teo oqudty soiurdos3
Nt Fndr Vnjuo
Eojm ’ tc ’ Anturdty tercuke Xrct cr Jcss Nvndjngjo ’ fcr ’ Ynjo
N. @c Tos Tos
G. Tos @c @c
I. Tos Tos Tos
M. @c Tos @c
Ycjuc` = ’ 7
>. Gn`n`
Gn`n`nn Icapn`y—s
Icapn`y—s oqu
oqudty
dty d`vostao`
d`vostao`tt in``ct go ijnssd
ijnssdom
om ns eojm ’ tc ’ ananturdty
turdty goinuso
goinuso dt
mcos `ct envo n stntom anturdty.
7. _pc` d`
d`dnj
dnj roick`dc
roick`dc`,
`, n`y `n
`n`idnj
`idnj nssot
nssot anygo mosdk`
mosdk`ntom
ntom ns `n`idnj
`n`idnj nsnssot
sot nt fndr vnjuo
vnjuo
tercuke prct cr jcss.
9. ]eo icap
icapn`y—s
n`y—s d`vost
d`vostao`t
ao`t any go mosdk`n
mosdk`ntom
tom ns nvndjngj
nvndjngjo
o ’ fcr ’ snjo df dt ds `ct ijnssd
ijnssdom
om ns
jcn`s n`m roiodvngjos, eojm ’ tc ’ anturdty, cr `n`idnj nssot nt fndr vnjuo tercuke prct cr jcss.
N`swor2 N
Xrcgjoa = ’ 9
N`njyzd`k Vnrdcus ]rn`snic`s Wojntom tc Nvndjngjo ’ fcr ’ snjo Yoiurdos
C` teo niqudsdc` mnto, XCAOJC ICAXN@T mosdk`ntos puriensom mogt n`m oqudty soiurdos ns
nvndjngjo ’ fcr ’ snjo. Xcaojc—s d`to`t d` guyd`k teo d`vostao`t soiurdos ds tc anlo teoa nvndjngjo
fcr snjo weo` idriuastn`ios wnrrn`t, `ct tc onr` prct frca secrt ’ tora uitunc`s d` prdio, n`m
`ct `oiossnrdjy tc ecjm mogt soiurdos tc anturdty.
Xcaojc Icapn`y—s sinj yonr o`ms c` Moioagor 9>. @c d`vostao`ts woro eojm gy teo icapn`y nt
teo gokd``d`k cf teo yonr. Mosirdgom gojcw nro teo icapn`y—s d`vostao`t ’ rojntom trn`snic`s2
78>8
Anri
Anrie
e > Xu
Xuri
rien
enso
som m 98,8
98,888
88 XK
XK,, D`i
D`i.. cr
crmd
md`n
`nryry se
senr
nros
os fc
fcrr X;?
X;?8,8,88
888,
8, d`ij
d`ijum
umd`
d`k
kg grc
rclo
lorn
rnko
ko foos
foos n`m
n`m
icaadssdc`s.
Nprdj >? Xurie
ienns o m X
X>
>, 8
8888, 8
8888 cf
cf >8
>8% gc
gc`ms nt nt ffn
nio vnvnjuo ffrrca C[C[ IcIcrpcrnc`.
Bujy
ujy 79 Wo
Woio
ioddvo
vom
m in
insse mdvd
mdvdmo
mo`m`mss cf XX68
68,, 88
8888 c` teo d`vos
`vostatao`o`tt d` XK
XK,, D`
D`i. cr
crmd
md`n
`nryry senro
enross.
Citc
Citcgogorr >? Woio
Woiodvdvom
om ssoa
oadndn``
``un
unjj d`
d`to
tororost
st c`
c` te
teoo d`
d`vo
vost
stao
ao`t`t d`
d` C[ IcrIcrpc
pcrn
rnc
c` ` gc`m
gc`ms.s.
Cit
itcg
cgor
or >6 Yc
Ycjjm teo
teo C[ Icrp
Icrpcrcrn
ncc` gc`m
gc`mss fc
fcrr X>, >88,
88, 88
888.8.
@cvo
@c voag
agor or 7 Xurie
Xuriensnsom
om 7?8
7?8,, 88
8888 OY
OYXX Ic.
Ic. prof
proforo
oro`i`io
o senr
senrosos ffcr
cr X>7,
X>7, ?88
?88,, 88
888,
8, dd`i
`iju
jumd
md`k
`k grc
grclor
lornk
nko
o
foos n`m icaadssdc`s.
Moioag
Moioagor
or 9> Woicrmo
Woicrmom m tteo
eo `oioss
`oiossnrynry nmb
nmbus
us`k
`k o`t
o`trdo
rdoss rojn
rojn`k
`k tc teo d`vost
d`vostao`
ao`ts.ts. ]eo anrlot
anrlot
vnjuos cf teo d`vostao`ts nro X98 por senro fcr XK, D`i. n`m X== por senro fcr OYX Ic.
proforo`io senros.
78>>
Bn`unry 7; Ycjm e
en
njf tte
eo XK
XK, D`
D`i. sse
enros ffc
cr X
X6
6? po
por sse
enro.
Anrie 7 Ycjm teo OYX Ic. proforo`io senros fcr X;5 por senro.
N. X8 I. (X>88, 888)
G. X788, 888 M. X>88,888
7. [ent ds tteo
eo tctnj nacu`
nacu`tt tent wcujm
wcujm go ropcrtom
ropcrtom c` tteo
eo Xcaojc
Xcaojc Icapn
Icapn`y—s
`y—s Moioagor
Moioagor 9>
9>,, 78>8,
d`icao stntoao`t rojnvo tc teoso d`vostao`ts3
9. Ecw au
auie
ie u`ron
u`ronjdzom
jdzom k
knd`
nd` (j
(jcss)
css) secujm
secujm go
go ropcrtom
ropcrtom d` prc
prct
t cr jcss d`
d` 78>83
=. [ent na
nacu`t
cu`t cf knd`
knd` c` snjo
snjo cf XK,
XK, D`i. senros
senros c` Bn`unry
Bn`unry 7
7;,
;, 78>>, secujm
secujm X
Xcaojc
caojc roick`d
roick`dzo3
zo3
Ycjuc` = ’ 9
N`swor2 M
7. D`
D`vo
vost
stao
ao`t
`t rov
rovo`
o`uo
uo22
N`swor2 N
D`torost n`m mdvdmo`m rovo`uos c` nvndjngjo ’ fcr ’ snjo soiurdos nro roick`dzom d` prct cr
jcss.
9. _`ronjdzom
_`ronjdzom knd`
knd` n`m jcss
jcssos
os c` nvndjngjo
nvndjngjo ’ fcr ’ snjo
snjo soiurdos
soiurdos nro `ct d`i
d`ijumom
jumom d` prct
prct cr
jcss. ]eoso u`ronjdzom knd`s cr jcssos nro roick`dzom ns icapc`o`t cf cteor icaproeo`sdvo
d`icao.
N`swor2 M
N`swor2 G
Njtor`nvo icaputnc`2
]eo o`try tc tnlo up teo snjo cf teo XK, D`i. senros c` Bn`unry 7;, 78>>, ds2
_`ronjdzom knd`s n`m jcssos c` nvndjngjo ’ fcr ’ snjo soiurdos nro ropcrtom ns icapc`o`t
i capc`o`t cf
cteor icaproeo`sdvo d`icao u`j suie d`vostao`t soiurdos nro moroick`dzom, nt wedie ao
teo iuaujnvo knd` cr jcssos nro roick`dzom d` teo prct cr jcss.
N`swor2 I
Njtor`nvo icaputnc`2
]eo o`try tc tnlo up teo snjo cf OYX Ic. proforrom senros c` Anrie 7, 78>>, ds2
Xrcgjoa = ’ =
Tcur numdt cf K_NVN ICWXCWN]DC@—s d`vostao`ts d` mogt n`m oqudty soiurdos rovonjs teo
fcjjcwd`k d`fcranc`2
g.) C` Bu`o >, Kunvn puriensom >8, 888 senros cf oqudty soiurdos fcr X?8 por senro. ]eoso
]eoso
soiurdos woro niqudrom ns nvndjngjo ’ fcr ’ snjo d`vostao`t. Kunvn pndm X>9, 888 grclor—s
icaadssdc` c` teo purienso.
>. C` d`d
d`dnj
nj roick`dc
roick`dc`,
`, n `n`
`n`idnj
idnj nssot
nssot cr `n`idnj
`n`idnj jdngdjd
jdngdjdty
ty ds aon
aonsurom
surom nt
nt
N. Niqud
Niqudsdc`
sdc` icst,
icst, d.o., teo ic`sdmorn
ic`sdmornc`
c` pndm cr roiodvom
roiodvom pjus n`y
n`y mdroitjy nrdgu
nrdgutngjo
tngjo
trn`snic` icsts tc teo niqudsdc` cr dssun`io cf teo `n`idnj nssot cr `n`idnj jdngdjdty.
G. ]eo ic`s
ic`sdmorn
dmornc`
c` pndm
pndm cr roiodvom fcr
fcr teo `n`idnj
`n`idnj nssot
nssot cr `n`idnj
`n`idnj jdngdjdt
jdngdjdty.
y.
I. Fndr vnj
vnjuo.
uo. Fcr dtoa
dtoass tent nro `ct aonsurom
aonsurom ntnt fndr vnjuo
vnjuo tercuk
tercukee prct cr jcss,
jcss, trn`snic`
trn`snic`
icsts nro njsc d`ijumom d` teo d`dnj aonsuroao`t.
M. Rorc
7. ]eo o`t
o`try
ry tc roicrm
roicrm te
teo
o niqud
niqudsdc
sdc`
` cf mogt
mogt soiurdos
soiurdos c` Fogrunry
Fogrunry > ds
9. ]eo o`
o`try
try tc
tc roicrm
roicrm teo purienso
purienso c
cff oqudty
oqudty so
soiurd
iurdos
os c` Bu`o > ds
N. D`vostao`t d`d` nv
nvndjngjo ’ fcr ’ snjo so
soiurdos ?88, 8
88
88
Grclor—s icaadssdc` oxpo`so >9, 888
Inse ?>9, 888
G. D`vostao`t d`d` nv
nvndjngjo ’ fcr ’ snjo so
soiurdos ?>9, 8
88
88
Inse ?>9, 888
I. D`vos
osttao`
o`tt d` tr
trn
nmd`k soiu
iurrdos ?>9, 888
Inse ?>9, 888
M. D`vos
osttao`
o`tt d` tr
trn
nmd`k soiu
iurrdos ?88, 888
Grclor—s icaadssdc` oxpo`so >9, 888
Inse ?>9, 888
Ycjuc` = ’ =
N`swor2 I
XNY 94 prcvdmos tent n `n`idnj nssot cr jdngdjdty secujm go roick`dzom d`dnjjy nt dts fndr vnjuo
(ko`ornjjy dts icst, d.o., teo ic`sdmornc` cr roiodvom) pjus, d` teo inso cf n `n`idnj nssot cr jdngdjdty `ct
mosdk`ntom ns ‚nt fndr vnjuo tercuke prct cr jcss‑, trn`snic` icsts tent nro mdroitjy nrdgutngjo tc teo
niqudsdc` cr dssuo cf teo `n`idnj nssot cr jdngdjdty. Oxnapjos cf trn`snic` icsts nro foos n`m
icaadssdc`s pnyngjo tc grclors n`m monjors.
N`swor2 M
9. D`
D`vo
vost
stao
ao`t
`t d` nv
nvnd
ndjn
jngj
gjo
o ’ fc
fcrr ’ sn
snjo
jo so
soiu
iurd
rdo
oss ?>9,
?>9, 888
888
Inse ?>9, 888
N`swor2 G
Xrcgjoa = ’ ?
Eojm ’ tc ’ anturdty Yoiurdos
C` Bn`unry >, 78>8, KWNXOY ICAXN@T puriensom mogt soiurdos wdte n fnio vnjuo cf X?88, 888.
]eo soiurdos anturo d` ; yonrs n`m nro tc go ijnssdom ns n eojm ’ tc ’ anturdty d`vostao`t. ]eo
soiurdos envo n stntom d`torost rnto cf 5%, n`m d`torost ds pndm soadn``unjjy, c` Bn`unry >, n`m Bujy
>. ]eo provndjd`k anrlot d`torost rnto c` teoso mogt soiurdos ds >7% icapcu`mom soadn``unjjy.
]eo fcjjcwd`k proso`t vnjuo fnitcrs nro tnlo` frca teo proso`t vnjuo tngjos2
7. ]eo fcj
fcjjcwd
jcwd`k
`k dtoas in``ct
in``ct go
go ijnssd
ijnssdom
om ns eojm
eojm ’ tc ’ anturd
anturdty
ty d`vostao`t
d`vostao`ts,
s, oxiopt
N. N qucto
quctom m mordvn
mordvnvo
vo `n`
`n`idn
idnjj nssot.
nssot.
G. N` d`vos
d`vostao
tao`t`t d` n quctom
quctom oqud
oqudtyty d`str
d`struao
uao`t.
`t.
I. N` d`vos
d`vostao
tao`t
`t d` n` u`q
u`quct
uctom
om mogt
mogt d`stru
d`struao`
ao`t.t.
M. N` d`vos
d`vostao
tao`t`t d` n quctom
quctom mogt
mogt d`st
d`strua
ruao`t
o`t..
Ycjuc` = ’ ?
>. Xr
Xros
oso`
o`tt Vn
Vnju
juo
o cf
cf22
N`swor2 I
7. N` d`
d`vos
vostao
tao`t
`t d` n q
quct
uctom
om mogt
mogt d`str
d`struao
uao`t.
`t.
N`swor2 M
Xrcgjoa = ’ 6
Eojm ’ tc ’ anturdty Yoiurdos2
Icaputnc` cf D`torost D`icao n`m Nacrzom Icst
C` Bn`unry >, 78>8, WNAG_]N@ ICWX. puriensom mogt soiurdos fcr inse cf X;6?, ?=8. ]eo
soiurdos envo n fnio vnjuo cf X688, 888 n`m teoy anturo d` >? yonrs. ]eo soiurdos iinrry
nrry xom
d`torost cf >8%, tent ds roiodvngjo
roio dvngjo soadn``unjjy, c` Bu`o 98 n`m Moioagor 9>. ]eo provndjd`k anrlot
d`torost rnto c` teoso mogt soiurdos ds ;% icapcu`mom soadn``unjjy. Wnagutn` Icrp. d`to`m
d`to`mss n`m
ens teo `n`idnj roscurios tc ecjm teoso soiurdos tc anturdty.
7. ]eo d`
d`torost
torost d`icao
d`icao tc
tc go ropcrtom
ropcrtom usd`k
usd`k teo
teo ooi
ooivo
vo d`to
d`torost
rost rnt
rnto
o aotecm
aotecm ds
N. X66, ?7= I. X68, 888
G. X6
X 6, ?7= M. X?9, =;6
Ycjuc` = ’ 6
7. D`torost D`icao fcr 78>8 (X76, ;4= + X76, 657) X?9, =;6
N`swor2 M
Xrcgjoa = ’ ;
Mdvdmo`m Wovo`uo c` Nvndjngjo ’ fcr ’ snjo n`m ]rnmd`k Yoiurdos
JTIEOO ICAXN@T ecjms ?8, 888 senros cf Ytcil N n`m 788, 888 senros cf Ytcil G. ]eo icapn`y
ijnssdos Ytcil N ns n trnmd`k soiurdty n`m Ytcil G ns n` nvndjngjo ’ fcr ’ snjo soiurdty. ]eo
icapn`y roiodvom mdvdmo`ms cf X?.?8 por senro frca Ytcil N n`m X>.7? frca Ytcil G.
G. X7
X7;?, 888 M. X 8
Ycjuc` = ’ ;
N`swor2 I
Mdvdmo`ms roiodvom c` trnmd`k n`m nvndjngjo ’ fcr ’ snjo soiurdos nro gcte ropcrtom ns mdvdmo`m
rovo`uo d` teo d`icao stntoao`t.
Xrcgjoa = ’ 5
Ynjo n`m Vnjunc` cf Nvndjngjo ’ fcr ’ snjo soiurdos
IEDIC ICAXN@T puriensom teo fcjjcwd`k nvndjngjo ’ fcr ’ snjo soiurdos murd`k 78842
>. [ent nacu`t secujm Iedic Icapn`y ropcrt ns ronjdzom knd` d` teo 78>8 d`icao stntoao`t3
N. X9?, 888 I. X988, 888
G. X99?, 888 M. X76?, 888
7. [ent ds teo iuaujnvo u`ronjdzom knd` (jcss) tc go ijnssdom ns icapc`o`t cf teo cteor
icaproeo`sdvo d`icao nt Moioagor 9>, 78>83
N. X988, 888 I. (X988, 888)
G. X>?8, 888 M. (X7?8, 888)
Ycjuc` = ’ 5
N`swor2 G
Njtor`nvo Icaputnc`2
Inse Xrciooms X59?, 888
Nmm2 _`ronjdzom knd` 988, 888
]ctnj >, >9?, 888
Joss2 Inrryd`k Vnjuo cf d`vostao`t 588, 888
Wonjdzom knd` c` snjo X99?, 888
7. Iuaujnvo u`ronjdzom knd`, Bn`. >, 78>8 X9?8, 888
_`ro
_`ronj
njdz
dzom
om kn
kndd` (roi
(roiy
yijom
ijom tc d`ic
d`icao
ao)) ’ Yo
Yoiu
iurd
rdty
ty T (98
988,
8, 888
88))
_`ronjdzom jcss fcr 78>8 ’ Yoiurdty U
(X?88, 888 ’ X788, 888) (988, 888)
Iuaujnvo u`ronjdzom jcss, Moi. 9>, 78>8 X (7?8, 888)
N`swor2 M
Njtor`nvo Icaputnc`2
Yoiurdty U
Fndr Vnjuo, Moi. 9>, 78>8 X 788, 888
Icst =?8, 888
_`ronjdzom Jcss, Moi. 9>, 78>8 X (7?8, 888)
Xrcgjoa = ’ 4
]rn`sfors d`tc n`m cut cf Fndr Vnjuo tercuke Xrct cr Jcss Intokcry
Intok cry
]eo fcjjcwd`k puriensos cf soiurdos woro anmo gy NVCINMC ICWXCWN]DC@ murd`k 78842
Nvcinmc roijnssdom gcte soiurdos d` 78>8. Yoiurdty T wns roijnssdom ns nvndjngjo ’ fcr ’ snjo< teo
fndr vnjuo cf Yoiurdty T nt teo ao cf roijnssdinc` wns X6>8, 888. Yoiurdty R wns roijnssdom ns
trnmd`k< teo fndr vnjuo cf Yoiurdty R nt teo ao cf roijnssdinc` wns X97?, 888.
>. ]eo u
u`ronjd
`ronjdzom
zom kn
knd`
d` ((jcss)
jcss) c` trn`sfor
trn`sfor cf Yoiu
Yoiurdty
rdty T ds
N. (X?8, 888) I. X68, 888
G. X>
X>>8, 888 M. X 8
7. ]eo u
u`ronjd
`ronjdzom
zom kn
knd`
d` ((jcss)
jcss) c` trn`sfor
trn`sfor cf Yoiu
Yoiurdty
rdty R ds
N. X94?, 888 I. (X??, 888)
G. X7
X7;8, 888 M. X 8
Ycjuc` = ’ 4
>. Fndr Vnjuo cf Yoiurdty T c` teo mnto cf trn`sfor X6>8, 888
Fndr Vnjuo cf Yoiurdty T nt Moioagor 9>, 78>8 ?88, 888
_`ronjdzom Knd` X>>8, 888
N`swor2 G
N`swor2 M
N` o`ty senjj `ct roijnssdfy n`y `n`idnj d`struao`t d`tc teo fndr vnjuo tercuke prct cr jcss
intokcry nor d`dnj roick`dc`.
Xrcgjoa = ’ >8
]rn`sfor frca nvndjngjo ’ fcr ’ snjo tc Eojm ’ tc ’ anturdty Intokcry
]eoso mogt soiurdos woro puriensom nt teodr fnio nacu`ts. D` 78>8, Yoiurdty C wns trn`sforrom tc
Eojm ’ tc ’ Anturdty. Nt teo ao cf roijnssdinc`,
ro ijnssdinc`, teo fndr vnjuo cf Yoiurdty C wns X=88, 888.
]eo iuaujnvo u`ronjdzom knd` (jcss) roick`dzom d` cteor icaproeo`sdvo d`icao daaomdntojy nor
roicrmd`k teo trn`sfor cf soiurdty C secujm go
N. (X;?, 888) I. X>88, 888
G. X 8 M. X7?, 888
Ycjuc` = ’ >8
N`swor M
Fcr roijnssdinc` frca nvndjngjo ’ fcr ’ snjo tc eojm ’ tc ’ anturdty teo soiurdty—s fndr vnjuo c` teo
mnto cf trn`sfor goicaos dts `ow inrryd`k nacu`t fcr teo purpcso cf injiujn`k teo nacrzom icst.
XNY 94 prcvdmos tent n`y provdcus knd` cr jcss roick`dzom d` oqudty roand`s d` oqudty u`j teo nssot
ds mdspcsom cf cr dapndrom df teo soiurdty ens `c xom anturdty. Df teo soiurdty ens xom anturdty, teo
knd` cr jcss roick`dzom mdroitjy d` oqudty ds nacrzom tc prct cr jcss cvor teo roand`d`k jdfo cf teo
soiurdty usd`k teo ooivo d`torost rnto aotecm.
Xrcgjoa = ’ >>
Xurienso n`m Ynjo cf Vnrdcus Yoiurdos
Icst
N> Icrp Ytcil ]rnmd`k 7?, 888 X=?8, 888
G7 Ic. Ytcil Nvndjngjo ’ fcr ’ Ynjo ?, 888 >, >88, 888
I9, D`i. stcil Nvndjngjo ’ fcr ’ Ynjo >7?, 888 7, >7?, 888
M= Icrp. Gc`ms Eojm ’ tc ’ Anturdty - >, 788, 888
O? Ic. Gc`ms ]rnmd`k - ??8, 888
]eo fcjjcwd`k trn`snic` rojntom tc Xnpnyn D`i.—s d`vostao`t ciiurrom murd`k 78>82
n.) Woiodvom
Woiodvom d`torost
d`torost frca M= Icrp. n`m O? Icapn`y
Icapn`y gc`
gc`ms
ms tctnjd`k
tctnjd`k X>5>, ?88.
?88.88
88
g.) Mdvdmo`ms
Mdvdmo`ms roiod
roiodvom
vom c` teo oqudty
oqudty soiurdos
soiurdos eojm nacu`tom
nacu`tom tc X55, 888.
>. [ent
[ent ds teo kn
knd`
d` (jcss
(jcss)) c` teo snjo
snjo cf N>
N> Icrp.
Icrp. Ytcil3
Ytcil3
N. X>8, 888 I. X;5, 888
G. (X>8, 888) M. X 8
7. [ent
[ent ds te
teo
o knd`
knd` (jc
(jcss)
ss) c`
c` teo snjo
snjo c
cff I9 D`i.
D`i. Ytcil
Ytcil3
3
N. (X7?, 888) I. X>>9, 888
G. X7
X7?, 888 M. X 8
Ycjuc` = ’ >>
N`swor2 G
Xrcgjoa = ’ >7
Vnjunc` cf Nvndjngjo ’ fcr ’ snjo n`m eojm ’ tc ’ anturdty Mogt Yoiurdos
D`fcranc` ic`ior`d`k N]DY IC.—s pcrcjdc cf mogt soiurdos nt Moioagor 9>, 7884 n`m Moioagor
9>, 78>8 ds secw` gojcw. ]eoso mogt soiurdos woro puriensom gy Ns Ic. murd`k 7884. Xrdcr tc
Bn`unry > 7884, Ns Ic. ens `c d`vostao`t cf mogt n`m soiurdos.
>. Nssua
Nssuad`k
d`k tent
tent teo ngcvo soiurdo
soiurdoss nro prcpor
prcporjy
jy ijnssdom
ijnssdom ns nvndjng
nvndjngjo
jo ’ fcr ’ snjo Yoiu
Yoiurdos
rdos
u`mor XNY 94 (Fd`n`idnj D`struao`t Woick`dc` n`m Aonsuroao`t), teo u`ronjdzom knd` cr jcss
c` Moioagor 9>, 78>8, wcujm
N. Go roick`
roick`dzom
dzom ns n X7=, 8>? u`ronjd
u`ronjdzom
zom ecj
ecjmd`k
md`k knd`
knd` d` 78>8
78>8 prct cr
cr jcss
G. Go roick`
roick`dzom
dzom d`
d` cteor icaproe
icaproeo`sdv
o`sdvoo d`icao
d`icao gy n yonr ’ o`m
o`m iromdt
iromdt cf X7=,8>?
X7=,8>?
I. Go roick`
roick`dzom
dzom d`
d` cteor icaproe
icaproeo`sdv
o`sdvoo d`icao
d`icao gy n yonr ’ o`m
o`m mogdt
mogdt cf X7=,8>?
X7=,8>?
M. @ct
@ct ttc
c go
go roic
roick`
k`dzdzom
om
7. Nssua
Nssuad`k
d`k tent
tent teo ngcvo
ngcvo soiurd
soiurdos
os nro pr
prcporj
cporjyy ijnssdom
ijnssdom n
nss eojm ’ tc ’ anturd
anturdty
ty Yoiurd
Yoiurdos
os
u`mor XNY 94, teo u`ronjdzom knd` cr jcss ns cf Moioagor 9>, 78>8, wcujm
N. Go roick`
roick`dzom
dzom ns n X7=, 8>? u`ronjd
u`ronjdzom
zom ecj
ecjmd`k
md`k knd`
knd` d` 78>8
78>8 prct cr
cr jcss
G. Go roick`
roick`dzom
dzom d`
d` cteor icaproe
icaproeo`sdv
o`sdvo
o d`icao
d`icao gy n yonr ’ o`m
o`m iromdt
iromdt cf X7=,8>?
X7=,8>?
I. Go roick`
roick`dzom
dzom d`
d` cteor icaproe
icaproeo`sdv
o`sdvo
o d`icao
d`icao gy n yonr ’ o`m
o`m mogdt
mogdt cf X7=,8>?
X7=,8>?
M. @ct
@ct ttc
c go
go roic
roick`
k`dzdzom
om
Ycjuc` = ->7
N`swor2 G
_`ronjdzom knd` n`m jcssos d` Nvndjngjo ’ fcr ’ snjo nro oxijumom frca teo prct cr jcss n`m
ropcrtom d` teo cteor icaproeo`sdvo d`icao. ]eoso ecjmd`k knd`s n`m jcssos nro aonsurom gy
teo mdoro`io cf teo nacrzom icst n`m fndr vnjuo cf teo soiurdos nt yonr ’ o`m.
7. Eojm ’ tc ’ ant
anturdty
urdty soiurdos
soiurdos nro
nro ropcrtom
ropcrtom nt nacrzom
nacrzom icst. N`y
N`y u`ronjdzom
u`ronjdzom knd
knd`s
`s n`m jcssos
jcssos
c` teoso soiurdos nro `ct roick`dzom.
N`swor2 M
Xrcgjoa =->9
n. Xurie
Xuriensom
nsom X9,888,888
X9,888,888 cf U Icapn`y
Icapn`y ;% gc`ms,
gc`ms, pn
pnyd`k
yd`k >87
>87.?
.? pjus ni
niiruom
iruom d`torost
d`torost cf X?7,?88.
X?7,?88.
D` nmmdc`, teo icapn`y pndm grclornko foo cf X>?,888. Mnjn`mn` ijnssdom teoso ns n trnmd`k
soiurdty.
g. Xuriensom
Xuriensom 98,888
98,888 senros cf T Icapn`y
Icapn`y crmd`
crmd`nry
nry senro
senross nt X>7? por senro
senro pjus grc
grclornko
lornko foos
foos cf
X75,?88. Mnjn`mn` ijnssdom teds stcil ns n` nvndjngjo-fcr-snjo soiurdty.
i. Woio
Woiodvo
dvom
m soa
soadn`
dn``un
`unjj d`t
d`toros
orostt c` teo U Icapn
Icapn`y
`y gc`ms
gc`ms..
m. Ycj
Ycjm
m =,?
=,?88
88 senros
senros cf T Icap
Icapn`y
n`y nt
nt X>97 p
por
or senro
senro..
o. Ycjm X=58,888
X=58,888 cf U Icapn`y
Icapn`y ;% gc`
gc`ms
ms nt >
>87,
87, pjus
pjus niiruom
niiruom d`torost
d`torost cf
cf X7,;4
X7,;48.
8.
>. ]eo U Ic
Icapn`
apn`y
y gc`m
gc`mss secujm
secujm go dd`dnj
`dnjjy
jy aonsurom
aonsurom n`m
n`m roick
roick`dzom
`dzom nt
nt
N. X9,84
9,848
8,888
G. X9,8;
9,8;?
?,888
I. X9,88
9,888
8,888
M. X9,>=
9,>=7
7,?88
7. ]eo ro
ronjdzo
njdzom
m knd` cr jcss
jcss c` teo snjo
snjo cf U Icapn`y
Icapn`y gc`ms
gc`ms ds
N. X948 knd`
G. X7,8>
7,8>8
8 jcss
I. X=,58
=,588
8 jcss
M. X7,
X7,=8
=88
8 jcss
css
9. ]eo 98,8
98,888
88 T Icapn`y
Icapn`y senros
senros niq
niqudrom
udrom secuj
secujm
m go d`d
d`dnjjy
njjy aonsuro
aonsurom
m n`m roic
roick`dzom
k`dzom nt
nt
N. X9,;;
9,;;5
5,?88
G. X9,;?
9,;?8
8,888
I. X9,;7
9,;7>
>,?88
M. X9,45
9,455
5,?88
=. ]eo ro
ronjdzo
njdzom
m knd` cr jcss
jcss c` teo snjo
snjo cf T Icapn`y
Icapn`y stcil
stcil ds
ds
N. X7;,
X7;,77
77?
? kn
kndd`
G. X9>,
9>,?88 kn
knd`
I. X7;,
7;,77? jc
jcss
M. X9>,
X9>,?8
?88
8 jcs
jcsss
Ycjuc` =->9
>. Icst c
cff U Icapn`y gc
gc`ms (X
(X9,888,888 x >87.?%) X9,8;?,888
N`swor2 G
Fcr soiurdos ijnssdom ns nt fndr vnjuo tercuke prct cf jcss (d`ijumd`k tecso tent nro eojm-fcr-
trnmd`k), trn`snic` icsts nro `ct d`ijumom d` teo d`dnj roick`dc` cf teo d`vostao`t. ]eoso
Xrcgjoa =->=
YD@OK_OJNY ICAXN@T puriensom ns n jc`k-tora d`vostao`t X>68 adjjdc` cf 5% gc`ms, mntom Bn`unry
>, c` Bn`unry >, 78>8. ]eo icapn`y—s an`nkoao`t mcos `ct d`to`m tc ecjm teoso gc`ms u`j anturdty
gut tc envo teoa nvndjngjo fcr snjo weo` idriuastn`ios wnrrn`t. C` teo niqudsdc` mnto, teo anrlot
ydojm cf gc`ms wdte sdadjnr rdsl n`m anturdty wns >8%. ]eo icapn`y pndm X>97 adjjdc` fcr teo prdio cf
teo gc`ms. D`torost ds roiodvom soadn``unjjy c` Bu`o 98 n`m Moioagor 9>. Muo tc ien`kos d` anrlot
ic`mdc`s, teo fndr vnjuo cf teo gc`ms nt Moioagor 9>, 78>8,
78 >8, wns X>=8 adjjdc`.
7. ]eo u`ronjdz
u`ronjdzom
om ecjmd`k
ecjmd`k knd` cr jcs
jcsss tc go ijnssdom
ijnssdom ns icapc`o`
icapc`o`tt cteor icap
icaproeo`s
roeo`sdvo
dvo d`ic
d`icao
ao nt
Moioagor 9>, 78>8, ds
N. X5.94 adjjdc`
adjjdc` ecjm
ecjmd`k
d`k knd` I. X;.?
X;.?4
4 adjj
adjjdc`
dc` ecjmd
ecjmd`k
`k knd`
G. X5.94 adjjdc`
adjjdc` ecjm
ecjmd`k
d`k jcss M. X;.?4 adjj
adjjdc`
dc` ecjm
ecjmd`k
d`k jcss
9. ]eo nacu`t
nacu`t cf d`torost
d`torost d`icao
d`icao tc go ropcrtom
ropcrtom d` Yd`okuojns
Yd`okuojns Icapn`y's
Icapn`y's d`d`icao
icao stn
stntoao`t
toao`t fcr
fcr teo
yonr o`mom Moioagor 9>, 78>8, ds
N. X6.= adjjdc` I. X6.6> adjjdc`
G. X>7.5 adjjdc` M. X>9.7> adjjdc`
Ycjuc` =->=
>. Goinus
Goinusoo teo gc`ms
gc`ms nro ijnssdom
ijnssdom ns soiurdos
soiurdos nvndjng
nvndjngjo
jo fcr snjo,
snjo, teoy aust go rop
ropcrtom
crtom nt te
teodr
odr fndr
vnjuo cf X>=8 adjjdc`.
N`swor2 G
7. D`
D`d
dnj
nj icst
icst (X d` adjj
adjjdc
dc`s
`s))
Nmm2 Mdsicu`t nacrznc`, Bn`. > - Bu`o 982 X>97.88
Ooivo .d`torost (X>97 x ?%) X6.68
@cad`nj D`torost (X>68 x =%) 6.=8 8.78
Inrryd`k vnjuo, Bu`o 98 >97.78
Nmm2 Mdsicu`t nacrznc`, Bujy > - Moi. 9>2
Ooivo d`torost (X>97.78 x ?%) X6.6>
@cad`nj D`torost (X>68 x =%) 6.=8 8.7>
Inrryd`k vnjuo / Nacrzom icst, Moi. 9> >97.=>
Fndr vnjuo, Moi. 9> >=8.88
_`ronjdzom ecjmd`k knd` X;.?4
N`swor2 I
9. D`
D`to
toro
rost
st d`ic
d`icao
ao (X6.
(X6.68
68 + X6
X6.6
.6>)
>) X>
X>9.
9.7>
7>
N`swor2 M
Xrcgjoa =->?
Y]WN[GOWWT ICAXN@T ens teo fcjjcwd`k soiurdos d` dts nvndjngjo-fcr-snjo pcrcjdc cf soiurdos c`
Moioagor 9>, 78842
b
b'
Wcso Icrp. crmd`nry senros >?,888 ?=8,888 ?7?,888
Wdtn Icrp. crmd`nry senros 7,>88 >?;,?88* >?>,788
Nssu`tn, D`i. proforo`io senros >,788 >58,888 >;=,888
]ctnjs 5;;,?88 5?8,788
*]eo X?,788 grclor—s foo wns roicrmom ns oxpo`so.
o xpo`so.
7. ]eo 7,>88
7,>88 crmd`nry
crmd`nry se
senros
nros cf Wdtn Icrp.
Icrp. purien
puriensom
som c` Any
Any >, 78>8,
78>8,
secujm go d`dnjjy aonsurom nt
N. X>?>
X>?>,7
,788
88 I. X>67
X>67,;,;88
88
G. X>
X>?6
?6,=
,=88
88 M. X4
X4>6
>6,5
,588
88
9. Ytrnwgorry's
Ytrnwgorry's Moioagor
Moioagor 9>, 78>8,
78>8, stntoa
stntoao`t
o`t cf `n`idnj
`n`idnj pcsdc`
pcsdc` se
secujm
cujm ropcrt
ropcrt d`v
d`vostao`
ostao`ts
ts d`
nvndjngjo-fcr-snjo soiurdos nt
N. X5X5?8
?8,7
,788
88 I. X55>
X55>,=
,=88
88
G. X5;;,?88 M. X4>6,588
Ycjuc` =->?
Njtor`nvo icaputnc`2
Ynjos prdio (X6? x =,?88 senros) X747,?88
Jo
Joss
ss22 _`r
_`ron
onjd
jdzo
zom
m jjc
css (X7
X778
78,?
,?88
88 - X
X78
78;,
;,88
888)
8) >9
>9,?
,?88
88
@ot 7;4,888
Joss2 Inrryd`k vnjuo 78;,888
Knd` c` snjo X;7,888
9. ]eo nvndjngj
nvndjngjo-fnr-
o-fnr-snjo
snjo soiurdos
soiurdos secujm
secujm go ropcrtom
ropcrtom nt fndr vnjuo
vnjuo cf X5Y8,788 c` Moioagor
Moioagor 9>,78>8.
N`swor2 N
Xrcgjoa =->6
YN@]CJ ICWX. d`vostom dts oxioss inse d` nvndjngjo-fcr-snjo soiurdos (NFY) murd`k 7885. Ns cf Moioagor
9>, 7885, teo icapn`y's NFY soiurdos pcrcjdc ic`sdstom cf teo fcjjcwd`k2
D`vost
D`vostoo
oo Ica n` Yenros
Yenros Icst
Icst Fndr
Fndr Vnjuo
Vnjuo
Lojjy, D`i. 98,888 X =?8,888 X =7?,888
Ojcy Icrp. 68,888 >,?88,888 >,6>8,888
Tc d O`tor
O`tor rdsos
rdsos 68,888
68,888 7
7,>6
,>68,8
8,888
88 7.988,
7.988,888
888
]ctnjs X=.>>8,888 X=,99?,888
Murd`k teo yonr 7884, Yn`tcj scjm 68,888 senros cf Ojcy Icrp. fcr X>,688,888 n`m puriensom 68,888
nmmdc`nj senros cf Lojjy, D`i. n`m 98,888 senros cf Lc`kkn Icapn`y
Murd`k teo yonr 78>8, Yn`tcj scjm njj teo Lojjy, D`i. senros fcr X7,988,888 n`m >?,888 senros cf Lc`kkn
Icapn`y nt n jcss cf X48,888. C` Moioagor 9>, 78>8, Yn`tcj's pcrcjdc cf NFY soiurdos ic`sdstom cf
teo fcjjcwd`k2
>.[ent secujm go ropcrtom c` Yn`tcj's stntoao`t cf `n`idnj pcsdc` ns cf Moioagor 9>, 78853
7. [ent
[ent ssecu
ecujm
jm go ropcrt
ropcrtom
om c` Yn`tcj
Yn`tcj's
's stntoa
stntoao`t
o`t cf `n`id
`n`idnj
nj pcsdc
pcsdc`
` ns
ns cf
cf M
Moioa
oioagor
gor 9>, 788
78843
43
NFY Yoiurdos _`ronjdzom Ecjmd`k Knd` c` NFY Yoiurdos
N. X9,>98,888 8
G. 9,>98,888 X>,988,888
I. =,=98,888 8
M. 7,=?8,888 >,458,888
9. [ent sec
secujm
ujm go ropcrtom
ropcrtom c` Yn`tcj's
Yn`tcj's stntoao`
stntoao`tt cf `n`idnj
`n`idnj pcsdc`
pcsdc` ns cf Moioagor
Moioagor 9>, 78>83
78>83
N. X>8,888 jcss
G. X>78,888 jcss
I. X>88,888 knd`
M. X48,888 knd`
?. ]eo `
`ot
ot ronjdzom
ronjdzom knd`
knd` c`
c` snjo
snjo cf soiurd
soiurdos
os d` 78>8 nacu`
nacu`ts
ts tc
N. X??8,888
G. X=68,888
I. X9?8,888
M. X768,888
Ycjuc` =->6
?. Ynjos
Ynjos pr
prdi
dio
o X7,9
X7,988
88,8
,888
88
Joss2 Icst (X=?8,888 + X>,988,888) >,;?8,888
Wonjdzom knd` c` snjo cf Lojjy, D`i. stcil ??8,888
Wonjdzom
Wonjdzom jcss
jcss c` snjo
snjo cf Lc`kkn
Lc`kkn Icapn`y
Icapn`y stcil (48,888)
(48,888)
@ot ronjdzom knd` d` 78>8 X=68,888
N`swor2 G
Xrcgjoa =->;
Murd`k 7884 n`m 78>8, XD@ONXXJO ICAXN@T—Y d`oxpordo`iom niicu`tn`t propnrom teo fcjjcwd`k bcur`nj
o`trdos tc niicu`t fcr trn`snic`s rojn`k tc teo icapn`y—s trnmd`k soiurdos2
7884
(>) @cv. 7 D`vostao`t d` trnmd`k soiurdos 9,786,?88
Inse 9,786,?88
]c roicrm teo purienso cf X9 adjjdc` cf R Ic. >8% gc`ms nt >89.7?.
Grclornko foos woro X4,888. D`torost ds pnyngjo soadn``unjjy c` Bn`. >
n`m Bujy >.
(?)
(?) Moi.
Moi. 6 D`
D`vo
vost
stao
ao`t
`t d` nv
nvnd
ndjn
jngj
gjo-
o-fc
fcr-
r-sn
snjo
jo so
soiu
iurd
rdo
oss - U Ic.
Ic. ;?;,
;?;,88
888
8
D`vostao`t d` trnmd`k soiurdos - U Ic. ;?;,888
]c roijnssdfy U Ic. stcil frca trnmd`k soiurdos tc nvndjngjo-fcr-snjo
soiurdos. Anrlot vnjuo wns X;9?,888 nt teo mnto cf trn`sfor.
(6)
(6) Mo
Moi.
i. 9> _`ro
_`ronj
njdz
dzom
om jc
jcss
ss - nv
nvnd
ndjn
jngj
gjo-
o-fn
fnr-
r-sn
snjo
jo so
soiu
iurd
rdos
os >8=
>8=,?
,?88
88
D`v
D`vos
osta
tao`
o`tt d`
d` nv
nvnd
ndjjngj
ngjo-
o-ffcr-s
cr-snj
njo
o ssoi
oiu
urd
rdo
oss 4,88
4,888
8
D`vostao`t d` trnmd`k soiurdos 4?,?88
]c roicrm teo moironso d` anrlot vnjuo cf nvndjngjo-fcr-snjo soiurdos
gnsom c` teo mntn gojcw.
7. ]eo 77884
884 d`tor
d`torost
ost d`ic
d`icao
ao c
c`
` R Ic.
Ic. gc`ms
gc`ms ds
N. X>?8,888 I. X?8,888
G. X8 M. X>88,888
9. ]eo uu`ronjd
`ronjdzom
zom kn
knd`
d` c` trnmd`k
trnmd`k soi
soiurdo
urdoss d` 7
7884
884 nacu`ts
nacu`ts tc
N. X6>7,?88 I. X79,?88
G. X;7>,?88 M. X6?7,?88
=. Ecw au
auie
ie d`to
d`torost
rost d`icao
d`icao c` R Ic. gc`ms
gc`ms secujm
secujm go ropcrtom
ropcrtom d` 78>83
N. X988,888 I. X8
G. X>?8,888 M. X788,888
?. ]eo u`ro
u`ronjd
njdzom
zom knd` c` nvndjn
nvndjngjo
gjo-fn
-fnr-s
r-snjo
njo soiurd
soiurdos
os tc go ijnssdo
ijnssdom
m ns icapc`o`
icapc`o`tt cf cteor
icaproeo`sdvo d`icao c` Moioagor 9>, 78~C, ds
N. X66?,888 I. X>9,?88
G. X;98,?88 M. X8
Ycjuc` =->;
Icrroit O`trdos
7884
(>)@cv
(>)@cv.7
.7 D`vost
D`vostao`
ao`tt d` trn
trnmd`
md`k
k soiur
soiurdo
doss
(X9 adjjdc` x >89.7?%) 9,84;,?88
Grclor's foos oxpo`so 4,888
D`torost rovo`uo
(X9 adjjdc` x >8% x =*/>7) >88,888
Inse
* Bujy > - @cv. 7 9,786,?88
]rn`snic` icsts tent nro mdroitjy nrdgutngjo tc teo niqudsdc` cf `n`idnj nssots ijnssdom ns "nt fndr
vnjuo tercuke prct cr jcss‑ (d`ijumd`k trnmd`k soiurdos) nro roick`dzom ns cutrdket oxpo`so.
Njtor`nvo icaputnc`2
(_`ronjdzom
X;?;
X;?;,,?8
?88
8 +knd`
X4
X4;9
;9,?
d`,?88
88 1 X
7884 X>,
>,;9
;9>,
>,88
888
8 ’ X>
X>,5
,588
88,8
,888
88)) 64
64,8
,888
88
X6?7,?88
Moi. 9> D`
D `torost roiodvngjo >?8,888
D`torost rovo`uo >?8,888
(X9 adjjdc` x >8% x 6/>7)
Nmbus`k o`try fcr niiruom d`torost, Bujy > - Moi. 9>, 7884.
78>8
(9)
(9) Bn`.
Bn`. > Inse
Inse >?8,
>?8,88
8888
D`torost roiodvngjo >?8,888
(=)
(=) Bujy
Bujy > O`
O`tr
try
y an
anmo
mo ds ic
icrr
rroit
oit..
Anrl
Anrlot
ot Vn
Vnju
juo
o Anrl
Anrlot
ot Vn
Vnju
juo
o
Moi.
Moi. 9>,
9>, 788
788>
> Moi.
Moi. 9>,
9>, 7
78>
8>8
8
T. Ic. stcil X4?8,888 X4;4,?88
R Ic. >8% gc`ms 9,588,888 9,>8?,888
]ctnjs X=,;?8,888 X=,85=,?88
Moi. 9> D`
D`torost roiodvngjo >?8,888
D`torost rovo`uo >?8,888
Nmbus`k o`try fcr niiruom d`torost.
(X9 adjjdc` x >8% x 6/>7)
=. 78>8 d`
d`torost d`
d`icao c`
c` R Ic. gc
gc`ms
(X9,888,888 x >8%) X988,888
N`swor2 N
?. _`
_`ro
ronj
njdz
dzom
om kn
knd`
d` ’ nvn
nvndj
djng
ngjo
jo-f
-fcr
cr-s
-snj
njo
o ssoi
oiur
urd
dos
os ’ 78>
78>8
8
(soo Moi. 9>, 78>8 o`try) X>9,?88
N`swor2 I
Xrcgjoa =->5
C` Moioagor 9>, 7884, INYEO[ ICWX. puriensom fcr X?,=97,465 n ?-yonr, X?,888,888 gc`m
wdte n ;% xom d`torost rnto n`m n ?% ydojm. ]eo d`torost ds pnyngjo onie Moioagor 9>, n`m
teo gc`m anturos Moioagor 9>, 78>=. Yecw` gojcw ds n` nacrznc` sieomujo rojntom tc
teds mogt soiurdty.
D`
D`tor
toros
ostt D`to
D`toros
rostt Xroad
Xroadua
ua In
Inrr
rr d`
Mnto Woiodvom Wovo`uo Nacrznc` Vnjuo
>7.9>.8 X?,=97,46
>
>7
7.,9
9>>..>
> X9?8
9?8,,8
9?8 88
88
8 X7
7;6>
;,,6=5
;9 > X5
;5,
;5
577,,7
96
?4
7 ?,9
?,,7
? 9;
,7?7
=,,9
6=
>
>7.9>.> 9?8,888 769,6>; 5
566,959 ? ,>
,>5?,46
>7.9>.> 9?8,888 7?4,745 4
488,;87 ? ,8
,84?,76
>7.9>.> 9?8,888 7?=,;95* 4?,767 ?,888,88
*Nmbustao`t muo tc rcu`md`k
]eo fcjjcwd`k secws n icapnrdsc` cf teo nacrzom icst n`m fndr vnjuo cf teo gc`m nt yonr-o`m2
Ycjuc` =->5
>. Mo
Moio
ioag
agor
or 9>,
9>, 78
7884
84
D`
D`v
vos
osta
tao`
o`tt d` eojm
ojm-t
-tc-
c-a
ant
ntur
urddty soi
oiu
urdo
rdoss ?,=9
?,=97,
7,46
465
5
Inse ?,=97,465
7. Mo
Moio
ioag
agor
or 9>,
9>, 78
78>8
>8
Inse 9?8,888
D`
D`v
vostao`t d`d` eo
eojm-tc-antu
turrdty sso
oiu
iurrdos ;5,9?
5,9?7
7
D`torost rovo`uo 7;>,6=5
Moioagor 9>,78>>
Inse 9?8,888
D`
D`v
vostao`t d`
d` eo
eojm-tc-antu
turrdty sso
oiu
iurrdos 57,76
7,764
4
D`torost rovo`uo 76;,;9>
Moioagor 9>,78>7
Inse 9?8,888
D`
D`v
vostao`t d`
d` eo
eojm-tc-antu
turrdty sso
oiu
iurrdos 56,95
6,959
9
D`torost rovo`uo 769,6>;
9. Mo
Moio
ioag
agor
or 9>,
9>,78
7884
84
D`
D`v
vos
osta
tao`
o`tt d` nv
nvnd
ndjn
jng
gjo
jo-f
-fcr
cr-s
-snj
njo
o soiu
soiurd
rdo
oss ?,=9
?,=97,
7,46
465
5
Inse ?,=97,465
=. Moio
Moioag
agor
or 9>,
9>, 7
78>
8>8
8
Inse 9?8,888
D`vostao`t d` nvndjngjo-fcr-snjo soiurdos ;5,9?7
D`torost rovo`uo 7;>,6=5
D`
D`v
vos
osta
tao`
o`tt d`
d` nv
nvnd
ndjn
jng
gjo
jo-f
-fcr
cr-s
-snj
njo
o sso
oiu
iurd
rdo
oss >9
>97,
7,76
764
4
_`ronjdzom ecjmd`k knd` cr jcss ’ NFY >97,764
_`ronjdzom
(X?,9;?,888ecjmd`k
-X?,7;7knd`
,9=;)cr jcss, Moi. 9>, >
78>>
87,6?9 I
Irr
Nmbustao`t ’ iromdt X6,>>;
Xrcgjoa =->4
Xonr Icapn`y's d`vostao`ts enm teo fcjjcwd`k anrlot vnjuos nt Moioagor 9>, 78>82
Kcmd`k,Ic.
Yc`ntn D`i.crmd`nry
proforo`io >,748,888
99,=?8,888
Bcrmn` Ic. crmd`nry >,;88,888
7. Nssuao
Nssuao tent Bcrmn`
Bcrmn` Ic.'s
Ic.'s crmd`nry
crmd`nry senros
senros anrlot moijd`o
moijd`o ds ic`sdmorom
ic`sdmorom cteor
cteor ten` toap
toapcrnry
crnry.. [ent
vnjunc` o`trdos nro roqudrom nt Moioagor 9>, 7884, u`mor teds ien`ko d` nssuapc`3
9. Nssuao
Nssuao tent teo d`vosta
d`vostao`t
o`t intokcrdos
intokcrdos roand`
roand` teo snao
snao n`m tent
tent njj moij
moijd`os
d`os d` 7
7884
884 n`m 78>
78>8
8 nro
toapcrnry oxiopt fcr teo 7884 moijd`o d` Bcrmn` Ic.'s crmd`nry senros. [ent vnjunc` o`trdos nro
roqudrom nt Moioagor 9>, 78>83
Ycjuc` =->4
>. 7884
Moi. 9
9>
> _`r
_`ronjdzom ec
ecjmd`k jc
jcss c`
c` tr
trnmd`k so
soiu
iurrdos 68,88
8,888
8
D`vostao`t d` trnmd`k soiurdos 68,888
(X=,788,888 - X=,>=8,888)
Moi.
Moi. 9>
9> _`ro
_`ronj
njdz
dzom
om ecj
ecjmd
md`k
`k jjcs
csss c` nvn
nvndj
djng
ngjo
jo-f
-fcr
cr-s
-snj
njo
o soiu
soiurd
rdo
oss ?7?,
?7?,88
888
8
D`vostao`t d` nvndjngjo-fcr-snjo soiurdos ?7?,888
(X7,87?,888 ’ X>,?88,888)
Dt ds prosuaom tent Xonr Ic.—s 98% cw`orsedp d` Yc`ntn Ic. kdvos teo fcraor teo ngdjdty tc oxoridso
sdk`din`t d`uo`io d` teo `n`idnj n`m cporn`k pcjdiy moidsdc`s cf teo jnor. Xonr Ic. secujm nppjy
teo oqudty niicu``k aotecm fcr teds d`vostao`t ns roqudrom gy XNY 752 Niicu``k fcr D`vostao`ts d`
Nsscidntos. _`mor teds aotecm, ien`kos d` teo anrlot vnjuo cf teo d`vostao`t nro `ct roick`dzom.
7. 7884
Moi. 9> _`ronjdzom ecjmd`k jcss c` trnmd`k soiurdos 68,888
D`vostao`t d` trnmd`k soiurdos 68,888
(soo roqudroao`t >)
Anrl
An rlot
ot Vn
Vnju
juo
o Moi
Moi.. 9>,
9>, 7884
7884 An
Anrl
rlot
ot Vnju
Vnjuo
oMMoi
oi.. 9
9>,
>, 78>8
78>8
Canr Ic. icaac` X7,5?8,888 X9,868,888
Kcmd`k,
Kcmd`k, D`i. proforrom
proforrom >,748,888
>,748,888 >,748,
>,748,888
888
]ctnjs X=,>=8,888 X=,9?8,888
]eo Ytn`mnrm mcos `ct njjcw rovorsnj tercuke prct cr jcss cf dapndrao`t jcssos roick`dzom d` prct cr
jcss fcr n` d`vostao`t d` oqudty soiurdos ijnssdom ns nvndjngjo-fcr-snjo.
Xrcgjoa =-78
Murd`k 78>8, [N]OWAOJC@ IC. puriensom X>8 adjjdc` cf ?-yonr, 5% gc`ms dssuom gy UTR Icapn`y.
[ntoraojc` d`to`ms n`m ds ngjo tc ecjm teoso gc`ms tc anturdty. Ecwovor, n yonr nor dt niqudrom teo
gc`ms nt pnr, [ntoraojc` scjm >8% cf teo gc`m pcrcjdc fcr X4?8,888. ]eo icst n`m teo fndr vnjuo cf
teo roand`d`k eojm-tc-anturdty pcrcjdc woro X4 adjjdc` n`m X5.?? adjjdc`, rospoivojy.
>. [ent nacu`t cf knd` cr jcss secujm [ntoraojc` Ic. roick`dzo c` teo snjo cf teo gc`ms3
N. X?8,888 knd` I. X?8,888 jcss
G. X4?,888 knd` M. X8
Ycjuc` =-78
>. Ynjo
Ynjoss pr
prdi
dio
o X4
X4?8
?8,8
,888
88
Joss2 Icst (>8% x X>8 adjjdc`) >,888,888
Jcss c` snjo cf d`vostao`t X (?8,888)
N`swor2 I
7. ]eo roand`d`k eojm-tc-anturdty pcrcjdc secujm go roijnssdom tc nvndjngjo-fcr-2,njo intokiry nt fndr
vnjuo cf X5.?? adjjdc`.
N`swor2 N
_`mor XNY 94, teo snjo cf acro ten` n` d`sdk`din`t nacu`t cf n` o`ty—s eojm-tc-anturdty
pcrcjdc tnd`ts teo wecjo cf teo eojm-tc-anturdty intokcry, ]eds injjs d`tc quosc` teo o`ty—s
d`to`t n`m ngdjdty tc ecjm teo roand`d`k `n`idnj nssots tc anturdty, ]eds tnd``k rujo roqudros teo
o`ty tc roijnssdfy teo roand`d`k eojm-tc-anturdty pcrcjdc tc nvndjngjo-fcr- snjo n`m prcedgdts teo
uso cf teo eojm-tc-anturdty intokcry fcr twc `n`idnj yonrs.
Xrcgjoa =-7>
Murd`k 78>8, teo dssuor cf teo d`struao`t ds d` `n`idnj mdiujos n`m dt goicaos prcgngjo tent teo
dssuor wdjj go put d`tc nmad`dstrnc` gy n roiodvor. ]eo fndr vnjuo cf teo d`struao`t ds osantom tc go
X;?8,888 nt teo o`m cf 78>8, injiujntom gy mdsicu``k teo oxpoitom futuro inse cws nt >8%. @c inse
cws nro roiodvom murd`k 78>>. Nt teo o`m cf 78>>, teo dssuor ds rojonsom frca nmad`dstrnc` n`m Xjua
roiodvos n joor frca teo roiodvor stn`k tent teo dssuor wdjj go ngjo tc aoot dts roand`d`k cgjdknc`s,
d`ijumd`k d`torost n`m ropnyao`t cf prd`idpnj.
7. [ent nacu`
nacu`tt cf dapnd
dapndrao`t
rao`t jcss secujm
secujm go rroick`d
oick`dzom
zom d`
d` 78>8
78>8;
;
N. X6
X64;
4;,4
,497
97 I. X696
X696,7
,7;?
;?
G. X;
X;?8
?8,8
,888
88 M. X6;?,
X6;?,94
949
9
=. [ent na
nacu`t
cu`t cf
cf dapndrao`
dapndrao`tt jcss rovorsnj
rovorsnj secujm
secujm go
go roick`
roick`dzom
dzom d`
d` 78>>;
78>>;
N. X64;
X64;,4
,497
97 I. X;?8
X;?8,8
,888
88
G. X6
X6=;
=;,;
,;7?
7? M. X8
?. Ecw auie
auie mdsicu
mdsicu`t
`t nacrznc
nacrznc`` secujm
secujm g
go
o roick`dzom
roick`dzom d` 78>7;
78>7;
N. X7;,7;? I. X>78,888
G. X8 M. X;?,888
Ycjuc` =-7>
7. Gccl
Gccl vvnj
njuo
uo nt
nt teo
teo o`m
o`m c
cff 78>8
78>8
(soo nacrznc` sieomujo) X>,==;,497
Joss2 Fn
Fndr v
vn
njuo cf
cf d`
d`vostao`t n ntt tte
eo o`
o`m c
cff 78
78>8 ;?8,
?8,888
Dapndrao`t jcss X64;,497
9. D`toros
D`torostt d`
d`ica
icao
o tc g
go
o roick`
roick`dzo
dzom
m d` 78>
78>>
>
(X;?8,888 x >8%) X;?,888
?. D`toros
D`torostt d`
d`ica
icao
o tc g
go
o roick`
roick`dzo
dzom
m d` 78>
78>7
7
(soo nacrznc` sieomujo) X7;,7;?
N`swor2 N
Xrcgjoa =-77
LD[D Icapn`y d`vostom d` n mogt d`struao`t c` Bujy >, 7885. Nt teds mnto, teo icst n`m fndr vnjuo cf teo
d`struao`t ds >,888,88. ]eo icapn`y—s prniio ds tc guy soiurdos tc go nvndjngjo fcr snjo weo`
idriuastn`ios wnrrn`t, `ct tc prct frca secrt-tora mdoro`ios d` prdio n`m `ct `oiossnrdjy tc ecjm
teoa tc anturdty. Eo`io, teo mogt d`struao`t niqudrom ds ijnssdom ns nvndjngjo-fcr-snjo n`m aonsurom
nt fndr vnjuo, ien`kos d` fndr vnjuo nro ijnssdom ns icapc`o`t cf cteor icaproeo`sdvo
i caproeo`sdvo d`icao.
]eo fcjjcwd`k tngjos sots cut teo ien`kos d` teo fndr vnjuo cf teo mogt d`struao`t, n`m teo `nturo cf
ien`kos d` onie yonr.
N. X >88,888 I. X 788,888
G. X 488,888 M. X 8
7. ]eo dapndrao`t jcss tc go roick`dzom d` 78>8 ds
N. X >88,888 I. X 988,888
G. X 788,888 M. X 8
N. X >88,888 I. X >?,888
G. X 788,888 M. X 8
N. X ;>?,888 I. X 588,888
G. X ;88,888 M. X >,888,888
?. Nssuao teo snao fnits, oxiopt tent teo d`vostao`t ds d` oqudty soiurdty. Nt teo o`m cf 78>>, teo
nacu`t cf dapndrao`t jcss rovorsnj tc go roick`dzom d` prct n`m jcss ds
N. X >88,888 I. X >?,888
G. X 788,888 M. X 8
YCJ_]DC@ =-77
>. M.
]eo moironso d` fndr vnjuo cf teo mogt d`struao`t ijnssdom ns nvndjngjo-frc-snjo secujm go
roick`dzom ns u`ronjdzom jcss n`m ijnssdom ns icapc`o`t cf cteor icaproeo`sdvo d`icao.
7. I.
9. I
XNY 94 poradts roick`dc` cf rovorsnj cf dapndrao`t jcss fcr nvndjngjo-fcr-snjo mogt soiurdty.
=. N
Nt teo o`m cf 78>>, teo NFY mogt soiurdty secujm go stntom nt dts fndr vnjuo cf
cf X ;>?,888 (X
>,888,888 ’ >88,888-788,888 + >?,888)
?. M
XNY 94 mcos `ct njjcw rovorsnj cf dapndrao`t jcss c` nvndjngjo-fcr-snjo oqudty soiurdty tercuke
prct n`m jcss. ]eo nmbustom fndr vnjuo nor roick`dc` cf teo dapndrao`t jcss goicaos dts `ow
icst gnsds n`m n`y sugsoquo`t d`ironso d` fndr vnjuo ds ijnssdom ns icapc`o`t cf cteor
icaproeo`sdvo d`icao.
Xrcgjoa =-79
Nvndjngjo-fcr-snjo Yoiurdos
]eo d`vostao`t d` Nvndjngjo-fcr-snjo Yoiurdos niicu`t d` teo ko`ornj jomkor cf XONIE IC. ds roprcmuiom
gojcw2
Yenros Icst
Ngo Ic. >?,888 X698,888
Gon Ic. >7,888 ;58,888
]ctnj >,=>8,888
7. C` Anr
Anrie
ie >?, Xonie
Xonie Ic. roiodvom
roiodvom 9,888
9,888 crmd
crmd`nry
`nry sen
senros
ros cf Go
Gon
n ns stcil mdvdm
mdvdmo`m.
o`m. ]eo
]eo anrlot
vnjuo cf Gon senros secrtjy nor moijnrnc` cf teds mdvdmo`m wns X ;9 por senro.
9. C` Bu`
Bu`o
o >, Xonie Ic.
Ic. puriensom
puriensom 9,888
9,888 Ogn Ic
Ic.. X>, 888 gc`ms
gc`ms fcr X9,
X9, >?8,888,
>?8,888, d`ij
d`ijumd`
umd`k
k niiruom
d`torost. ]eo gc`ms onr` d`torost nt 78% por n``ua (pnyngjo ovory Anrie > n`m Yoptoagor >)
n`m wdjj anturo c` Bu`o >, 78>8.
=. C` Yopt
Yoptoagor
oagor >>,
>>, 6,88 c
crmd`n
rmd`nry
ry senros
senros cf Gon
Gon woro scjm
scjm nt X;? por senro
senro
?. C` @cv
@cvoagor
oagor 74,
74, teo Ogn gc`ms
gc`ms woro scjm
scjm fcr
fcr X7,??8
X7,??8,888,
,888, pjus
pjus niiru
niiruom
om d`torost.
d`torost.
>. ]eo Og
Ogn
n Ic. gc`ms
gc`ms secujm
secujm go d`dnjj
d`dnjjy
y aonsurom
aonsurom n`m
n`m roick
roick`dzom
`dzom nt
nt
N. X9,888,888 I. X7,5?8,888
G. X9,>?8,888 M. X7,??8,888
7. [ent na
nacu`t
cu`t cf knd`
knd` cr jcss
jcss secujm
secujm go roick`dzo
roick`dzom
m c` teo snjo
snjo cf teo Gon Ic.
Ic. Ytcil3
G. X998,888 jcss M. X8
9. [ent na
nacu`t
cu`t cf knd`
knd` cr jcss
jcss secujm
secujm go roick`dzo
roick`dzom
m c` teo snjo
snjo cf teo Ogn
Ogn Ic. gc`ms3
gc`ms3
Ycjuc` =-79
>. N
Inse X
pndm 9,>?8,888
joss2 Niiruom d`torost, Anrie >-Bu`o >
(X9,888,888 x 78% x 9/>7) >?8,888
X
Niqudsdc` Icst 9,888,888
7. I
X
Ynjos prdio (X ;? x 6,888 senros) =?8,888
Jo
Joss
ss22 Ic
Icst cf Ytci
Ytcil
l (X
(X;5
;58,
8,88
888
8x 6
6,8
,888
88/(
/(>7
>7,,88
888+
8+ 9,88
9,888
8 stc
stcil
il mdvdm
dvdmo`
o`m
m) 9>7
>7,8
,888
88
Knd` c` snjo stcil >95,888
9.
Xrcgjoa =-7=
(n) N inse mdvdmo`m cf X;78,888 ds roiodvom fcra BB Icrpcrnc`.( Ieorry, D`i cw`s 7% d`torost d` BB)
(g) N inse
inse mdv
mdvdmo
dmo`m
`m cf
cf X9,
X9,688
688,888
,888 ds roiod
roiodvom
vom fcra
fcra VV Icrpcr
Icrpcrnc
nc`.
`. ((Ieo
Ieorry
rry,, D`i
D`i cw
cw`s
`s n 98% d`toros
d`torostt
d` VV)
(i) N stcil mdvdmo`m cf >5,888 senros frca TT Icrpcrnc` wns roiodvom c` Moioagor >?, 78>8, c`
wedie mnto teo quctom anrlot vnjuo cf TT—s senrom wns X78 por senro. Ieorry, D`i cw`s joss ten` >% cf
TT—s crmd`nry senros.
[ent nacu`t cf mdvdmo`m rovo`uo secujm go ropcrtom gy Ieorry, D`i. c` dts 78>8 d`icao stntoao`t3
N. X>,858,888 I. X=,978,888
G. X=,658,888 M. X;78,888
YCJ_]DC@ =-7=
Mdvdmo`m Wovo`uo2
Xrcgjoa =-7?
GOWWDOY ICAXN@T cw`s n ?% d`torost d` Y] Icrpcrnc`, wedie moijnrom n inse mdvdmo`m cf X9,;78,888
c` @cvoagor 7;,78>8, tc senroecjmors cf roicrm c` Moioagor 78, 78>8, pnyngjo c` Bn`unry >?, 78>>.
D` nmmdc`, c` Citcgor >?, 78>8, Gorrdos Icapn`y roiodvom n jdqudmn`k mdvdmo`m cf X>88,888 fcra VK
Icrpcrnc`. Gorrdos Icapn`y cw`s 6% cf VK Icrpcrnc`.
[ent nacu`t cf mdvdmo`m rovo`uo secujm go d`ijumom d` Gorrdos Icapn`y—s d`icao stntoao`t fcr teo
yonr o`mom Moioagor 9>,78>83
N. X>56,888 I. X>4>,888
G. X9,;78,888 M. X>5>,888
YCJ_]DC@ =-7?
Joor N
Xrcgjoa =-76
M_WDN@ ICWX. puriensom =8% cf Nsscidnto Icapn`y—s cutstn`md`k crmd`nry senros c` Bn`unry 7, 78>8,
fcr X7;8 adjjdc`. ]eo gccl vnjuo cf Nsscidnto Icapn`y—s `ot nssots (senroecjmors— oqudty) nt teo
purienso mnto tctnjom X=?8 adjjdc`. Gccl vnjuos n`m fndr vnjuos woro teo snao fcr njj `n`idnj
stntoao`t dtoas oxiopt fcr d`vo`tcry n`m gudjmd`ks, fcr wedie fndr vnjuos oxioomom gccl vnjuos gy X>7.?
adjjdc` n`m X>>7.? adjjdc`, rospoivojy. Njj d`vo`tcry c` en`m nt teo purienso mnto wns scjm murd`k
78>8. ]eo gudjmd`ks envo nvornko roand`d`k usofuj jdvos cf >? yonrs. Nsscidnto Icapn`y ropcrtom `ot
d`icao cf X>>8 adjjdc` fcr teo yonr o`mom Moioagor 9>, 78>8, n`m pndm inse mdvdmo`ms cf X=8 adjjdc`.
]eo fndr vnjuo cf Murdn`—s d`vostao`t d` nsscidnto wns X988 adjjdc` nt Moioagor 9>, 78>8.
>. Cf teo na
nacu`t
cu`t pndm
pndm fcr tteo
eo niqudsdc`
niqudsdc` c
cff Nsscidnto
Nsscidnto Icapn`y
Icapn`y—s
—s crmd`
crmd`nry
nry sen
senros,
ros, ec
ecw
w auie ds
nrdgutngjo tc kccmwdjj
7. [en
[entt ds teo d`
d`vos
vostao
tao`t
`t gnjn`i
gnjn`io
o nt Moioago
Moioagorr 9>, 78>83
78>83
9. Nt went nac
nacu`t
u`t wdjj
wdjj Murdn` Ic
Icrp.
rp. ropcrt
ropcrt dts d`vostao`
d`vostao`tt rovo`uo d`
d` dts 78>8 d`icao
d`icao stntoao`t3
stntoao`t3
YCJ_]DC@ =-76
>. I
(X d`
adjjdc`s)
Xurienso prdio X7;8
Joss2 Fndr vnjuo cf Nsscidnto Icapn`y—s `ot nssots
( X=?8 + X>7.? + X >>7.? 1 X?;? x =8%) 798
Kccmwdj
j =8
7. I
9. G
Xrcgjoa =-7;
C` Bn`unry =, 78>8, OKKXJN@] ICAXN@T pndm X95 adjjdc` fcr 7 adjjdc` senros cf ]urlc Ic. crmd`nry
senros. ]eo stcil d`vostao`t roproso`ts n 7? % d`torost d` teo `ot nssots cf ]urlc n`m knvo Okkpjn`t teo
ngdjdty tc oxoridso sdk`din`t d`uo`io cvor ]urlc—s cpornc`s. ]eo gccl vnjuo cf ]urlc—s `ot nssots wns
X>86 adjjdc`. ]eo fndr anrlot vnjuo cf ]urlc—s moproidngjo nssots oxioomom teodr gccl vnjuo gy X 78
adjjdc`. ]eoso nssots enm n` nvornko roand`d`k usofuj jdfo cf ? yonrs. ]eo roand`mor cf teo oxioss cf teo
icst cf teo d`vostao`t cvor teo gccl vnjuo cf `ot nssots puriensom wns nrdgutngjo tc kccmwdjj.
C` Moioagor 75, 78>8, Okkpjn`t roiodvom mdvdmo`ms cf X>.? por senro. ]urlc ropcrtom `ot d`icao cf
7. [ent ds tteo
eo inrryd`k
inrryd`k vnjuo
vnjuo cf teo d`
d`vosta
vostao`t
o`t d` ]urlc
]urlc stc
stcil
il c` Moioagor
Moioagor 9>, 78>
78>83
83
YCJ_]DC@ =-7;
>. M
(X d`
adjjdc`s)
Icst cf d`vostao`t X 95
Joss2 Fndr vnjuo cf `ot nssots puriensom
(X>86 + X78 1 X>76 x 7?%) 9>.?
Kccmwdj
j X6.?
7. G
Xrcgjoa =-75
D`vostao`t Yoiurdos2 Icapnrdsc` cf teo Fndr Vnjuo Aotecm n`m teo Icst Aotecm
C` Bn`unry =, 78>8, ]CAN]C ICWX. pndm X >,746,888 fcr =8,888 crmd`nry senros cf Gnrc` Icapn`y. ]eo
d`vostao`t roproso`ts n 98% d`torost d` teo `ot nssots cf Gnrc` n`m knvo tcantc teo ngdjdty tc oxoridso
sdk`din`t d`uo`io cvor Gnrc`—s cporn`k n`m `n`idnj pcjdiy moidsdc`s. ]cantc roiodvom mdvdmo`ms cf
X> por senro c` Moioagor =, 78>8, n`m Gnrc` ropcrtom `ot d`icao cf X6=8,888 fcr teo yonr o`mom
Moioagor 9>, 78>8. ]eo anrlot vnjuo cf Gnrc`—s crmd`nry senros nt Moioagor 9>, 78>>, wns X 97 por
senro. ]eo gccl vnjuo cf Gnrc`—s `ot nssots wns X 9,788,888 n`m2
]eo fndr anrlot vnjuo cf Gnrc`—s moproidngjo nssots, wdte n` nvornko roand`d`k usofuj jdfo cf 5
yonrs, oxioomom teodr gccl vnjuo gy X978, 888.
]eo roand`mor cf teo oxioss cf teo icst cf teo d`vostao`t cvor teo gccl vnjuo cf teo `ot nssots
puriensom wns nrdgutngjo tc kccmwdjj.
>. [ent na
nacu`t
cu`t cf
cf teo d`vosta
d`vostao`t
o`t icst
icst ds nrdgut
nrdgutngjo
ngjo tc
tc kccmwdjj
kccmwdjj3
3
N. X7=8,888 I. X996,888
G. X4
X 46,888 M. X>==,888
7. [ent nac
nacu`t
u`t cf d`vostao
d`vostao`t
`t rovo`uo
rovo`uo secujm
secujm go ropcrtom
ropcrtom d` ]cant
]cantc—s
c—s d`icao
d`icao stntoao`t
stntoao`t fcr teo
yonr o`mom Moioagor 9>, 78>83
N. X>78,888 I. X>58,888
G. X>85,888 M. X>47,888
9. [ent ds tteo
eo inrryd`k
inrryd`k vnjuo
vnjuo cf teo d`
d`vosta
vostao`t
o`t d` Gnrc`
Gnrc` crmd`nry
crmd`nry senros
senros c` Moioagor
Moioagor 9>,
9>, 78>83
N. X>758,888 I. X>,746,888
G. X>,=96,888 M. X>,965,888
=. [ent nac
nacu`t
u`t cf d`vostao
d`vostao`t
`t rovo`uo
rovo`uo secujm
secujm go ropcrtom
ropcrtom d` ]cant
]cantc—s
c—s d`icao
d`icao stntoao`t
stntoao`t fcr teo
yonr o`mom Moioagor 9>, 78>83
N. X=
X=8,888 I. X68,888
G. X6
X 6=,888 M. X>58,888
?. [ent ds tteo
eo inrryd`k
inrryd`k vnjuo
vnjuo cf teo d`
d`vosta
vostao`t
o`t d` Gnrc`
Gnrc` crmd`nry
crmd`nry senros
senros nt Moioagor
Moioagor 9>
9>,, 78>83
N. X>,746,888 I. X>,758,888
G. X>,=96,888 M. X>,796,888
YCJ_]DC@ =-75
>. N
Yenro dd`
` `o
`ot d`
d`icao ( X6=8,888x 98
98%) X>47,888
Moproidnc` nmbustao`t
(X978,888 x 98%1X46,888 û5) (>7,888)
9. G
=. N
D`vostao`t rovo`uo
?. I
Xrcgjoa =-74
Oqudty Aotecm
I_I_AGOW ICWX. gcuket =8% cf teo cutstn`md`k crmd`nry senros cf Yupor Icapn`y c` Bn`unry 7,
78>8. Nt teo mnto cf purienso, teo gccl vnjuo cf Yupor—s `ot nssots wns X;;.? adjjdc`. ]eo gccl vnjuos
n`m fndr vnjuo fcr njj stntoao`t cf `n`idnj pcsdc` dtoas woro teo snao oxiopt fcr d`vo`tcry n`m pjn`t
fnidjdos. ]eo fndr vnjuos oxioomom gccl vnjuo gy X?88,888 fcr teo d`vo`tcry n`m gy X7 adjjdc` fcr teo
pjn`t fnidjdos ds 5 yonrs. Njj d`vo`tcry niqudrom wns scjm murd`k 78>8. Yupor ropcrtom `ot d`icao cf X>=
niqudrom wns scjm murd`k 78>8. Yupor ropcrtom `ot d`icao cf X>= adjjdc` fcr teo yonr o`mom Moioagor
9>, 78>8, n`m pndm n inse mdvdmo`m cf X9 adjjdc`. Iuiuagor stntoao`t cf `n`idnj pcsdc` ns cf
Moioagor 9>, 78>8, secws n` nacu`t cf X==.> adjjdc` ns dts d`vostao`t d` Yupor Icapn`y.
9. Cf teo na
nacu`t
cu`t pndm
pndm gy Iu
Iuiuagor
iuagor fcr
fcr teo =8% d`toros
d`torostt d` Yupo
Yuporr Icapn`
Icapn`y,
y, ecw auie
auie ds
nrdgutngjo tc kccmwdjj3
=. [ent sec
secujm
ujm Iuiuagor
Iuiuagor ropcrt
ropcrt c` dts stntoao`t
stntoao`t cf inse
inse cws roknrmd`k
roknrmd`k dts
dts d`vostao`t
d`vostao`t d` Yup
Yupor
or
Icapn`y3
N. X=8 adjj
adjjdc`
dc` inse cujcw
cujcw frca
frca d`vos`k
d`vos`k nivdos
nivdos n`m X>.7
X>.7 adjjd
adjjdc`
c` inse d`
d`cw
cw nac`k
nac`k
cporn`k nivdos.
G. X=?.6 ad
adjjdc
jjdc`
` inse cu
cujcw
jcw frca d`vos`
d`vos`k
k nivd
nivdos
os n`m X?.9 ad
adjjdc
jjdc`
` inse d`c
d`cw
w nac`k
cporn`k nivdos.
I. X=8 adjj
adjjdc`
dc` inse cujcw
cujcw frca
frca `n`id`k
`n`id`k nivd
nivdos
os n`m X>.
X>.7
7 adjjd
adjjdc`
c` inse d`
d`cw
cw nac`k
cporn`k nivdos
M. X94.= ad
adjjdc
jjdc`
` inse cu
cujcw
jcw frca d`vos`
d`vos`k
k nivd
nivdos
os n`m X9 adjj
adjjdc`
dc` inse d`cw
d`cw nac`k
nac`k
cporn`k nivdos.
YCJ_]DC@ =-74
>. M
(X d` adjjdc`s)
Yenro cf `ot d`icao (X>= x =8%) X?.6
Nmbustao`t fcr d`vo`tcry scjm (X8.? x =8%) (8.7)
Nmbustao`t fcr moproidnc` (X 7 x =8%1X8.5 û 5 yonrs (8.>)
D`vostao`t rovo`uo X?.9
7. N
Xrcgjoa =-98
C` Bu`o 98,78>8, INGGNKO ICAXN@T puriensom 7?% cf teo cutstn`md`k crmd`nry senros cf DG Ic. nt n
tctnj icst cf X7,>88,888. ]eo gccl vnjuo cf DG Ic.—s `ot nssots c` niqudsdc` mnto wns n X;,788,888. Fcr
teo fcjjcwd`k ronsc`s, Inggnko wns wdjjd`k tc pny acro ten` gccl vnjuo fcr DG Ic. stcil2
DG Ic. ens moproidngjo nssots wdte n iurro`t fndr vnjuo cf X>58,888 acro ten` teodr gccl vnjuo.
]eoso nssots envo n roand`d`k usofuj jdfo cf >8 yonrs.
Njj cteor dmo`ngjo tn`kdgjo n`m d`tn`kdgjo nssots cf DG Ic. envo iurro`t fndr vnjuos tent nro
oqunj tc teodr inrryd`k nacu`ts.
DG Ic. ropcrtom `ot d`icao cf X>,678,888, onr`om ovo`jy murd`k teo iurro`t yonr o`mom Moioagor 9>,
78>8. Njsc d` teo iurro`t yonr, dt moijnrom n`m pndm inse mdvdmo`ms cf X9>?,888 tc dts crmd`nry
senroecjmors. Anrlot vnjuo cf DG Ic.—s crmd`nry senros nt Moioagor 9>, 78>8, ds X4 adjjdc`. Inggnko
Icapn`y—s `n`idnj yonr-o`m ds Moioagor 9>.
N. X988,888 I. X>78,888
G. X>,858,888 M. X98,888
7. [ent nac
nacu`t
u`t cf d`vostao
d`vostao`t
`t rovo`uo
rovo`uo secujm
secujm Inggnko
Inggnko ropcrt c` dts d`icao
d`icao stntoao`t
stntoao`t fcr te
teo
o
yonr o`mom Moioagor 9>, 78>8, u`mor teo icst aotecm3
N. X;
X;5,;?8 I. X775,;?8
D`vostao`t rovo`uo, ns nmbustom X788,7?8
=. N
?. N
4 adjjdc`
adjjdc` x 7?%1 X7,7?8,888
Xrcgjoa =-9>
Oqudty aotecm
JO]]_IO IC. puriensom =8% cf A_ ICWX. c` Nprdj >, 78>8, fcr X?88,888 weo` A_—s gccl vnjuo wns
X>,768,888. C` teo mnto cf niqudsdc`, teo anrlot vnjuo cf A_—s `ot nssots oqunjom teodr gccl vnjuos
oxiopt fcr teo fcjjcwd`k2
A_—s oqudpao`t ens n fndr vnjuo cf X?8,888 joss ten` dts gccl vnjuo. ]eo oqudpao`t ens n
roand`d`k usofuj jdfo cf >8 yonrs.
A_—s gudjmd`k ens n fndr vnjuo cf X=8,888 acro ten` dts gccl vnjuo. ]eo gudjmd`k ens n roand`d`k
usofuj jdfo cf 78 yonrs.
A_ pndm inse mdvdmo`ms cf X78,888 n`m X>8,888 d` 78>8 n`m 78>>, rospoivojy.
>. [ent na
nacu`t
cu`t cf d`vost
d`vostao`t
ao`t rovo`uo
rovo`uo secujm
secujm go ropcrtom
ropcrtom c` jjouio
ouio Icapn`
Icapn`y—s
y—s d`i
d`icao
cao
stntoao`t fcr teo yonr o`mom Moioagor 9>,78>83
N. X==,>88 I. X6>,788
G. X?5,588 M. X=?,488
7. ]eo d`v
d`vostao`
ostao`tt jcss tc go
go ropcrtom c` jouio
jouio Icapn
Icapn`y—s
`y—s 78>>
78>> d`ic
d`icao
ao stntoao`t
stntoao`t ds
N. X>8,588 I. X>9,788
G. X5,>88 M. X>7,888
N. X?96,>88 I. X??9,788
G. X?9;,488 M. X?88,888
N. X?7>,988 I. X?79,>88
G. X?96,888 M. X?88,888
YCJ_]DC@ =-9>
>. M
Ye
Yenr
nro
o cf `o
`ott d`i
d`ica
cao
o ( X >?8,
>?8, 8
888
88 x =8%
=8% x 4/>7
4/>7)) X=?,
X=?, 888
Moproidnc` nmbustao`t - oqudpao`t
(X?8, 888 x =8%1 X78, 888 û >8 x 4/>7) >,?88
Moproidnc` nmbustao`t - gudjmd`k2
(X=8, 888 x =8% 1 X>6, 888 û 78 x 4/>7) (688)
D`vostao`t rovo`uo d` 78>8 X=?, 488
7. N
Oqudty Aotecm
C` Bn`unry 7, 78>8, CLWN Icrp. pndm X>,688,888 fcr teo purienso cf =8% cf teo crmd`nry senros cf
]eu`mor Icapn`y. ]eo stntoao`t `n`idnj pcsdc` cf ]eu`mor nt teo mnto cf niqudsdc` secws teo
fcjjcwd`k d`fcranc`2
Jdngdjdos =88,888
Gcte gccl vnjuo n`m fndr vnjuo nro teo snao nssots `ct sugboit tc moproidnc` n`m jdngdjdos. ]eo fndr
anrlot vnjuo cf ]eu`mor—s nssots sugboit tc moproidnc` ds X7,;78,888. ]eu`mor moproidntos dts nssots
usd`k teo strndket-jd`o aotecm. ]eu`mor ―s d`tn`kdgjos nro nacrzom cvor n 78-yonr pordcm. @ot d`icao
fcr teo yonr o`mom Moioagor 9>, 78>8, ds X6=8,888. Dt moijnros n`m pnys mdvdmo`ms cf X?88,888 d` 78>8.
>. [ent a
acu`t
cu`t cf teo
teo d`vostao`t
d`vostao`t icst
icst ds
ds nrdgutn
nrdgutngjo
gjo tc
tc kccmwdjj3
kccmwdjj3
G. X>,688,888 M. X>,6=8,888
YCJ_]DC@ =-97
>. N
Xrcgjoa =-99
LN@KLC@K ICAXN@T puriensom 7?8, 888 senros cf Yoirot Ic. crmd`nry senros c` Bujy >, 78>8, nt X66
por senro, wedie rooitom gccl vnjuo ns cf tent mnto. Nt teo ao cf purienso, Yoirot Ic. ens >, 888,888
crmd`nry senros cutstn`md`k. Ln`klc`k nm `c cw`osedp d`torost d` Yoirot prdcr tc teds purienso. Yoirot
ropcrtom `ot d`icao cf X 9, 968, 888 fcr teo sdx ac`tes o`mom Bu`o 98, 78>8. Ln`klc`k roiodvom n
mdvdmo`m cf X=78, 888 fcra Yoirot c` Nukust >, 78>8. Yoirot ropcrtom `ot d`icao cf X ;, 788, 888 fcr
teo yonr o`mom Moioagor 9>, 78>8, n`m nknd` pndm Ln`klc`k mdvdmo`ms cf X=78, 888.
C` Bn`unry >, 78>>, Ln`klc`k scjm >88, 888 crmd`nry senros cf Yoirot
Y oirot fcr X65 por senro n`m roijnssdom
teo roand`d`k stcil ns nvndjngjo-fcr-snjo soiurdos. ]eo quctom anrlot prdio cf suie d`vostao`t c`
Bn`unry >, 78>> wns X64 por senro. Yoirot
Yoi rot ropcrtom `ot d`icao cf X ;, ==8, 888 fcr teo yonr o`mom
Moiagor 9>, 78>>, n`m pndm Ln`klc`k mdvdmo`ms cf X7=8, 888. ]eo fndr vnjuo cf Yoirot crmd`nry senros nt
Moioagor 9>, 78>> wns X;8 por senro.
N. X>6,678,888 I. X>6,958,888
G. X>6,?88,888 M. X4,4;7,888
7. ]eo tc
tctnj
tnj nacu`t
nacu`t cf
cf knd` tc go rop
ropcrtom
crtom d`
d` teo 78>>
78>> d`icao
d`icao stntoao`t
stntoao`t ddss
G. X9;5,888 M. X658,888
9. [ent nac
nacu`t
u`t cf u`ronjdz
u`ronjdzom
om knd` secujm
secujm go ropcrtom
ropcrtom d` teo 78>>
78>> stntoao`t
stntoao`t cf icaproe
icaproeo`sdv
o`sdvo
o
d`icao ns icapc`o`t cf cteor icaproeo`sdvo d`icao3
N. X 8 I. X?75,888
G. X>?8,888 M. X9;5,888
=. ]eo inrry
inrryd`k
d`k vnjuo
vnjuo cf teo rotnd
rotnd`om
`om d`vostao`
d`vostao`tt tc go secw` d` teo
teo stntoao`t
stntoao`t cf `n`
`n`idnj
idnj pcsdc`
pcsdc`
c` Moioagor 9>, 78>> ds
G. X>8,5=5,888 M. X>8,?88,888
YCJ_]DC@ =-99
>. N
7. I
9.
Ynjos prdio (X 65 x >88, 888) X 6, 588, 888
=. G
Fn
Fndr
dr vn
vnjjuo,
uo, Moi
Moi.. 9
9>,
>, 78
78>8
>8 (X;
X;8
8 x >?8
>?8,, 888
888)) X>
>8,
8, ?8
?88,
8, 88
888
8
Fndr vn
vnjuo, Bn
Bn`. >,
>, 7
78
8>8 (X
(X 6
64
4 x >?8, 8
88
88) >8,
>8, 9
9?
?8, 8
888
88
_`ronjdzom knd` c` NFY soiurdos X >?8, 8888
?. M
Fndr vnjuo, Moi. 9>, 78>8 (X ;8 x >?8, 888) X >8, ?88, 888