HcVeh]di q ;^caVcY
hjhiV^cZYi]ZhZaVhii]gZZbdci]h^hcdiid ldg`ZghVcYidYVn^h`ZZe^c\VegdYjXi^dc
]VkZVhZg^djhadc\Zg"iZgb^beVXidci]Z a^cZgjcc^c\l^i]&,%eZdeaZ YdlcWnVgdjcY
;^cc^h]bVg^cZ^cYjhign# )%dceZV`aZkZah ^ci]Z]deZd[gZYjX^c\
¹>i]^c`bVcj[VXijgZghl^aaWZD@[dgi]Z hidX`aZkZahWnheg^c\#¹I]Z<di]ZcWjg\h]dl"OATu0EXPORTSu0FORu0u0WASu0
[^ghi&'"&)bdci]h [gdbHZeiZbWZg'%%- # ?VcjVgn(%";ZWgjVgn- lVhD@[dgjh!
7VaVcXZh]ZZihl^aaWZ\ddYZcdj\]id]daY WZiiZgi]VclZi]dj\]i^ildjaYWZ#Djgu0
[dgVnZVg#7ji^[i]^hh^ijVi^dcXdci^cjZhlZ¼aa YZVaZghVgZgZVhdcVWan]VeenVii]ZbdbZci#
hiVgiidhZZXdbeVc^ZhY^hVeeZVg^c\#7jiVi I]ZnVgZcdidgYZg^c\i]ZhVbZVbdjcid[)u0 u0
i]ZbdbZcilZ]VkZcdWVc`gjeiX^Zh!cdi WdVih[gdbjh!i]Vi¼h[dghjgZ!Wji^i¼hcdi
ZkZcYZVaZgh!cdinZi!hdi]Vi¼h\ddY#º \ddY^[lZ]VkZadihd[WdVih^chidX`XdbZMILLION u0Au0CHANGEu0OFu0
I]Zbdhi[Vbdjh;^cc^h]WdViZmedgi i]ZhjbbZg#º
gZbV^chCVjidgHlVc#=dlZkZg!i]ZWj^aYZg HidX`aZkZah^c;^caVcY!Vh^cbdhi
d[ide"ZcYeZg[dgbVcXZXgj^hZghVcY^ihlZhi Hdji]Zgc;^caVcYndjXVcgZandc(%YVnhd[ YZkZadeZYWdVi^c\bVg`ZihViegZhZci!VgZ
;^caVcYcZ^\]Wdjg7Vai^XNVX]ihVgZVh[Vg lZVi]Zgl]ZgZi]ZiZbeZgVijgZ^hdkZg'*ß8# XVjhZ[dgXdcXZgc#;^cc^h]Wj^aYZgh!a^`Zi]Z^g
VlVn[gdbi]ZYdbZhi^XWdVi^c\hXZcZVh 7ni]ZZcYd['%%-!lZ¼Y]VYdcanildYVnh XdciZbedgVg^ZhVgdjcYi]Z\adWZ!]VkZ
i]Z^gnVgYhVgdjcY?V`dWhiVYVgZ[gdbi]Z a^`Zi]Vi#º hdj\]iida^b^ii]ZYVbV\ZWnhaVh]^c\
XVe^iVa=Zah^c`^^ci]Zhdji]d[i]ZXdjcign# 7jhiZg^h;^caVcY¼hW^\\ZhiWdViWj^aYZg^c egdYjXi^dc#6XXdgY^c\id?dj`d=j_j!;^cc^h]
I]ZYdbZhi^XbVg`Zi^hdkZgl]Zab^c\an jc^iiZgbh¸Vi^iheZV`^c'%%,^ilVh WdViWj^aY^c\XVeVX^in]VhWZZc]VakZYh^cXZ
Ydb^cViZYWnhbVaadeZcgjcVWdjih!VcY^i¼h Wj^aY^c\dkZg)!%%%d[^ihhedgihWdVih[gdb aVhiVjijbc#L^i]bVcn[VXidg^ZhXadh^c\dkZg
i]VibVg`Zii]Vi^hWZ^c\]^i]VgYZhi# )b",b &([i"'([i VnZVg#8VeVX^ind[i]Vi i]Zl^ciZgbdci]h^i¼hVegdWaZbi]Vii]Z
GZXZci;^ccWdVihiVi^hi^XhiZaai]Zhidgn/ hXVaZ^heZg]Veh^cZk^iVWan![dgi]Z^bbZY^ViZ ;^ccWdViegZh^YZcii]^c`hh]djaYWZgZXi^[^ZY
WdVigZ\^higVi^dchVgZdci]Z^glVnYdlc#>c [jijgZViaZVhi!Vi]^c\d[i]ZeVhi#¹I]Z XdbZi]Zheg^c\#¹I]ZW^\YZVaZghVgZD@Vh
Vaa!+!%+)cZlWdVihlZgZgZ\^hiZgZY^ci]Z bVg`ZilVhD@jci^ab^Y"hjbbZg¸V[iZg i]ZnVgZhZaa^c\bdgZWdVihVcYYdc¼i]VkZ
XdbejahdgncVi^dcVaWdVigZ\^hiZg^c'%%-# i]Vi^c\di]VgYZg!ºXaV^bhIZaVi^Z#¹HVn^c\ ]^\]hidX`aZkZah#7ji^[hdbZdcZ]VhVadid[
I]Vi¼hVYgded[_jhiWZadl&%eZgXZci#>i i]Vi!lZhdaYbdgZWdVih^cDXidWZg'%%- WdVihidhZaai]ZnXVc^c[ajZcXZeg^X^c\#
XdjaYWZi]ZhiVgid[Vldggn^c\igZcY!VYb^ih i]VclZY^Y^ci]ZhVbZbdci]d['%%,¸ HbVaaZgYZVaZghVgZXjii^c\eg^XZhVcY^i¼hhd
=j_j!i]dj\]]Z^hVYVbVcii]Vii]ZgZ^hcd l]^X]^h]VgYidZmeaV^c#7jii]Zci]ZbZY^V ZVhncdlidXdbeVgZeg^XZhk^Vi]Z^ciZgcZi
cZZY[dgeVc^X_jhinZi# hidg^ZhhiVgiZYVWdjii]ZXgZY^iXgjcX]#>c i]ViXjhidbZghVgZXVhi^c\i]Z^gcZil^YZg#
CdkZbWZgVcY9ZXZbWZglZ]VYidhZcY DjgYZVaZgh^c=Zah^c`^VgZXdcXZgcZYWn
M^[d_jhW_di$$$ ]dbZ,%eZgXZcid[djgldg`[dgXZ#º XdchjbZghl^aa^c\idigVkZacdlide^X`je
8djeaZYl^i]i]ZVWdji"[VXZ^ci]ZldgaY >i¼hV[Vb^a^Vghidgnl^i]^ci]Z;^cc^h] YZVah[gdbhbVaaZgdeZgVidgh^cdi]ZgeVgih
ZXdcdb^Xh^ijVi^dc!;^caVcY]VhWZZc]dWWaZY ^cYjhign#D[i]Z*!%%%ldg`ZghZbeadnZYWn d[;^caVcYl]d]VkZhaVh]ZYeg^XZh#º
WnhdbZi]^c\ZkZci]ZWVc`ZghXVccdiWZ ;^ccWdVibZbWZgZciZgeg^hZh!VgdjcY&, >cZk^iVWanVhWdViWj^aYZghXjiegdYjXi^dc
WaVbZY[dg¸i]ZlZVi]Zg/¹>ilVhVl[jaaVhi eZgXZcilZgZaV^Yd[[Vii]ZhiVgid[?VcjVgn# i]ZgZVgZ`cdX`"dcZ[[ZXih#¹Bdhid[i]Z
nZVg!ºhVnh?j``VIZaVi^Z!hVaZhY^gZXidgVi 7jhiZg]Vh^c[VXi[V^gZYWZiiZgi]VcbVcn#
8DCI>CJ:9DCE'+t]i~g^"WVhZYWdViWj^aYZg7jhiZg#¹>c >cZVgan?VcjVgn^ihiVgiZYid]^gZWVX`
#"
"
#"
"
&
"#
$" $& !%& % ! &
!#!# !
HdjgXZ/;^ccWdVi
') >ciZgcVi^dcVa 7dVi >cYjhign lll#^W^cZlh#Xdb q 6eg^a·BVn'%%.u153
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84