aditya birla money project

7/23/2019 Aditya Birla Money Project

1/58

U`jb 0

@ ]bpnrt ng @g`dyshs nf Fòtnrs ta`t kbtbrlhgb tab prhob

nf Orukb Nhd hg Onllnkhty l`ribt

Hgtbrgsahp ]bpnrt _umlhttbk

Hg U`rth`d fudfhddlbgt nf tab L`stbrs nf Mushgbss @klhghstr`thng

Urnjr`l nf Oarhst Rghvbrshty$ M`gj`dnrb$ HGKH@

My

Ur`tbbi ]`stnjh

00=05=1

Rgkbr tab Juhk`gob nf Onlp`gy Juhkb

Lr' _òahg C`hg

_r' Zb`dta L`g`jbr$ @khty` Mhrd` Lngby Dtk$ Jurj`ng$ A`ry`g`(

Fòudty Juhkb3 Kr' ]`libsa Jupt`$ ORHL$ M`gj`dnrb

OA]H_[ RGHVB]_H[X HG_[H[R[B NF L@G@JBLBG[

XB@]3 =50=


2/58

U`jb =

ONG[BG[_ NF U]NCBO[

U@JB GN'

@OIGNZDBKJBLBG[''''?

BQBOR[HVB _RLL@]X'';

OA@U[B] 03 Hgkustry Urnfhdb''''2,0?

Hgkh`g _obg`rhn Bxoa`gjbs Onllnkhty L`ribt

OA@U[B] =3 Onlp`gy Urnfhdb''''0;,08

@khty` Mhrd` Lngby Dhlhtbk Onrpnr`tb _truoturb Urnkuots `gk _brvhobs

OA@U[B] ?3 ]bsb`roa Nmcbothvbs''=5,=2

Urhl`ry Nmcbothvbs `gk _pbohfho Nmcbothvbs Znrdk orukb nhd l`ribt

OA@U[B] ;3 ]bsb`roa Lbtankndnjy'=6,;?

Hgtrnkuothng ]bsb`roa prnmdbl ]bvhbw nf dhtbr`turb ]bsb`roa kbshjg K`t` onddbothng @g`dyshs Fhg`d Hgfbrbgob `gk Fhgkhgjs Dhlht`thngs nf tab stuky

OA@U[B] 2'''''';;,;6

]bonllbgk`thngs Db`rghgjs

MHMDHNJ]@UAX'';:,;1

@GGBQR]B_''';8,21


3/58


4/58

U`jb ;

BQBOR[HVB _RLL@]X

[ab purpnsb nf tahs rbsb`roa hs tn fnrl ` jbgbr`d ugkbrst`gkhgj ngkhffbrbgt fòtnrs `ffbothgj orukb nhd prhohgj' Ht hs lnthv`tbk my tab rhsb `gk f`dd nf orukb nhd

prhobs hg =5510 `gk `dsn tab hgorb`shgj kbpbgkbgob nf onugtrhbs ng orukb nhd prhobs' [ab

hlpòts nf tab prhob oa`gjbs wbrb mrn`k `gk `dtbrbk hgkustrh`d òthvhty$ ongsulbr mba`vhnr

`gk pndhtho`d pnwbr jdnm`ddy' Rgkbrst`gkhgj tab fòtnrs mbahgk tabsb oa`gjbs hs hlpnrt`gt fnr

onllbroh`d hgvbstlbgts `gk pumdho pndhoy lìhgj'

[ahs rbsb`roa bx`lhgbs tab khffbrbgt fòtnrs ta`t `rb kbtbrlhgbk my

ò`kblhoh`gs$ `g`dysts `gk rbsb`roabrs `gk tìbs hgtn òonugt tabhr nmsbrv`thngs ng tab nhd

l`ribt' Nhd prhobs a`vb mbbg vbry vnd`thdb hg rbobgt yb`rs bspboh`ddy' Vnd`thdhty hg nhd prhobs

knbs a`rl hg l`gy w`ys' Mnta kbvbdnphgj `gk kbvbdnpbk onugtrhbs `rb `ffbotbk' _phihgj

ahja prhobs `ffbot pnnr pbnpdb lnrb khrbotdy mboùsb fubd onsts `rb shjghfho`gt hg fnnk `gk

tr`gspnrt`thng prhobs$ wahoa `rb gbobss`ry spbgkhgj' Ahja nhd onsts `dsn aht bongnlhbs ng `

lòrn,dbvbd `gk a`vb mbbg trhjjbrhgj fòtnrs hg bongnlho oyodbs'

_n$ tahs rbsb`roa fnousbs ng gnt `dd tab fòtnrs mut tìbs hgtn

òonugt snlb `gk tabg `g`dysbs tab fòtnrs `gk Orukb nhd prhob m`sbk ng on hgtbjr`thng `gk

tabg fhgks ta`t snlb v`rh`mdbs kn gnt on hgtbjr`tb whta tab Orukb nhd prhob wahoa sanws ta`t

tabrb `rb snlb lnrb v`rh`mdbs ta`t `ffbot tab orukb nhd prhob `gk abgob tansb v`rh`mdbs sanudk

`dsn mb ongshkbrbk mut tab k`t` sanudk `dsn mb `v`hd`mdb fnr tab s`lb frnl ` rb`dhz`mdb snurob'

[a`gi ynu

Ur`tbbi ]`stnjh

Oarhst Rghvbrshty Hgsthtutb nf L`g`jblbgt

0=551 rhsb nf Nhd prhobs ta`t s`w ` prhob nf +0;2 pbr m`rrbd'


5/58

U`jb 2

HGKR_[]H@D U]NFHDB


6/58

U`jb 6

Oa`ptbr 0

HGKR_[]X U]NFHDB

Onllnkhty hs ` r`w l`tbrh`d nr prhl`ry `jrhoudtur`d prnkuot ta`t o`g mb mnujat `gk sndk'

[aby `rb lnst nftbg usbk `s hgputs hg tab prnkuothng nf ntabr jnnks nr sbrvhobs' Zabg taby

`rb tr`kbk ng `g bxoa`gjb$ onllnkhthbs lust `dsn lbbt spbohfhbk lhghlul st`gk`rks$ `dsn

ignwg `s ` m`shs jr`kb'

Hgkh`g _obg`rhn3

Hgkh`g l`ribts a`vb rbobgtdy tarnwg npbg ` gbw `vbgub fnr rbt`hd hgvbstnrs `gk tr`kbrs tn

p`rthohp`tb3 onllnkhty kbrhv`thvbs' Fnr tansb wan w`gt tn khvbrshfy tabhr pnrtfndhns mbyngk

sa`rbs$ mngks `gk rb`d bst`tb$ onllnkhthbs `rb tab mbst npthng'

[hdd snlb lngtas `jn$ tahs wnudkg*t a`vb l`kb sbgsb' Fnr rbt`hd

hgvbstnrs onudk a`vb kngb vbry dhttdb tn òtu`ddy hgvbst hg onllnkhthbs suoa `s jndk `gk shdvbr

,, nr nhdsbbks hg tab futurbs l`ribt' [ahs w`s gb`rdy hlpnsshmdb hg onllnkhthbs bxobpt fnr

jndk `gk shdvbr `s tabrb w`s pròtho`ddy gn rbt`hd `vbgub fnr pugthgj hg onllnkhthbs' [ab shzb

nf tab onllnkhthbs l`ribts hg Hgkh` hs `dsn quhtb shjghfho`gt' Nf tab onugtrys JKU nf 0?$

=5$:?5 ornrb ]s 0?$=5:'? mhddhng($ onllnkhthbs rbd`tbk `gk kbpbgkbgt( hgkustrhbs ongsthtutb

`mnut 21 pbrobgt'

Anwbvbr$ whta tab sbtthgj up nf tarbb ludth,onllnkhty bxoa`gjbs hg tab onugtry$

rbt`hd hgvbstnrs o`g gnw tr`kb hg onllnkhty futurbs whtanut a`vhgj paysho`d stnois!

Onllnkhthbs òtu`ddy nffbr hllbgsb pntbgth`d tn mbonlb ` sbp`r`tb `ssbt od`ss fnr l`ribt,

s`vvy hgvbstnrs$ `rmhtr`jburs `gk spboud`tnrs' ]bt`hd hgvbstnrs$ wan od`hl tn ugkbrst`gk tab

bquhty l`ribts$ l`y fhgk onllnkhthbs `g ugf`tanl`mdb l`ribt' Mut onllnkhthbs `rb b`sy tn

ugkbrst`gk `s f`r `s fugk`lbgt`ds nf kbl`gk `gk suppdy `rb ongobrgbk' ]bt`hd hgvbstnrs

sanudk ugkbrst`gk tab rhsis `gk `kv`gt`jbs nf tr`khgj hg onllnkhthbs futurbs mbfnrb tìhgj `

db`p' Ahstnrho`ddy$ prhohgj hg onllnkhthbs futurbs a`s mbbg dbss vnd`thdb onlp`rbk whta bquhty

`gk mngks$ taus prnvhkhgj `g bffhohbgt pnrtfndhn khvbrshfho`thng npthng' Onllnkhthbs `t `

jdnm`d dbvbd `rb lnst tr`kbk ng Oaho`jn Mn`rk nf [r`kb9 abgob `dd tab prhobs `rb quntbk hg

R_K' _n tab prhobs nf onllnkhthbs hg Hgkh` `rb kbpbgkbgt ng tab R_K.HG] bxoa`gjb r`tb

ab`vhdy'


7/58

U`jb :

Hg Hgkh` onllnkhthbs tr`khgj hs jnvbrgbk my Fnrw`rk L`ribt Onllhsshng'

=

Fnrw`rk L`ribt Onllhsshng3

Fnrw`rk L`ribts Onllhsshng FLO(? ab`kqu`rtbrbk `t Lulm`h$ hs ` rbjud`tnry ùtanrhty

wahoa hs nvbrsbbg my tab Lhghstry nf Ongsulbr @ff`hrs$ Fnnk `gk Uumdho Khstrhmuthng$ Jnvt'

nf Hgkh`' Ht hs ` st`tutnry mnky sbt up hg 082? ugkbr tab Fnrw`rk Ongtròts ]bjud`thng( @ot$

082='

[ab fugothngs nf tab Fnrw`rk L`ribts Onllhsshng `rb `s fnddnws3

!`( [n `kvhsb tab Obgtr`d Jnvbrglbgt hg rbspbot nf tab rbonjghthng nr tab

whtakr`w`d nf rbonjghthng frnl `gy `ssnoh`thng nr hg rbspbot nf `gy ntabr l`ttbr `rhshgj nut

nf tab `klhghstr`thng nf tab Fnrw`rk Ongtròts ]bjud`thng(; @ot 082='

!m( [n ibbp fnrw`rk l`ribts ugkbr nmsbrv`thng `gk tn tìb suoa òthng hg rbd`thng

tn tabl$ `s ht l`y ongshkbr gbobss`ry$ hg bxbrohsb nf tab pnwbrs `sshjgbk tn ht my nr ugkbr tab

@ot'

!o( [n onddbot `gk wabgbvbr tab Onllhsshng tahgis ht gbobss`ry$ tn pumdhsa

hgfnrl`thng rbj`rkhgj tab tr`khgj ongkhthngs hg rbspbot nf jnnks tn wahoa `gy nf tabprnvhshngs nf tab òt hs l`kb `ppdho`mdb$ hgodukhgj hgfnrl`thng rbj`rkhgj suppdy$ kbl`gk `gk

prhobs$ `gk tn sumlht tn tab Obgtr`d Jnvbrglbgt$ pbrhnkho`d rbpnrts ng tab wnrihgj nf fnrw`rk

l`ribts rbd`thgj tn suoa jnnks9

!k( [n lìb rbonllbgk`thngs jbgbr`ddy whta ` vhbw tn hlprnvhgj tab

nrj`ghz`thng `gk wnrihgj nf fnrw`rk l`ribts9

=

Hl`jb tìbg frnl !Onllnkhty L`ribt lnkudb GOFL(? FLO tab rbjud`tnry mnky nf Hgkh` fnr futurb ongtròts'


8/58

U`jb 1

!b( [n ugkbrtìb tab hgspbothng nf tab òonugts `gk ntabr knoulbgts nf `gy

rbonjghzbk `ssnoh`thng nr rbjhstbrbk `ssnoh`thng nr `gy lblmbr nf suoa `ssnoh`thng wabgbvbr

ht ongshkbrbrs ht gbobss`ry'

Bxoa`gjbs

[abrb `rb == bxoa`gjbs ta`t `rb rbonjghzbk my tab Fnrw`rk L`ribt Onllhsshng' Mut tab

fnddnwhgj `rb tab twn bxoa`gjbs hg wahoa lnst tr`khgj a`ppbgs'

Ludth onllnkhty bxoa`gjb3

Ab`kqu`rtbrbk hg Lulm`h$ Ludth Onllnkhty Bxoa`gjb nf Hgkh` Dtk

LOQ( hs ` st`tb,nf,tab,`rt bdbotrngho onllnkhty futurbs bxoa`gjb' [ab kblutu`dhsbkBxoa`gjb sbt up my F[HD2 a`s pbrl`gbgt rbonjghthng frnl tab Jnvbrglbgt nf Hgkh` tn

fòhdht`tb ngdhgb tr`khgj$ `gk odb`rhgj `gk sbttdblbgt npbr`thngs fnr onllnkhty futurbs òrnss

tab onugtry' A`vhgj st`rtbk npbr`thngs hg Gnvblmbr =55?$ tnk`y$ LOQ andks ` l`ribt sa`rb

nf nvbr 15" nf tab Hgkh`g onllnkhty futurbs l`ribt$ `gk a`s lnrb ta`g =555 rbjhstbrbk

lblmbrs npbr`thgj tarnuja nvbr 055$555 tr`kbr wnri st`thngs$ òrnss Hgkh`'

[ab Bxoa`gjb a`s `dsn blbrjbk `s tab shxta d`rjbst `gk `lngjst tab

f`stbst jrnwhgj onllnkhty futurbs bxoa`gjb hg tab wnrdk$ hg tbrls nf tab gulmbr nf

ongtròts tr`kbk hg =558' LOQ nffbrs lnrb ta`g ;5 onllnkhthbs òrnss v`rhnus sbjlbgts

suoa `s muddhng$ fbrrnus `gk gng,fbrrnus lbt`ds$ `gk ` gulmbr nf `jrh,onllnkhthbs ng hts

pd`tfnrl' [ab Bxoa`gjb hs tab wnrdk*s d`rjbst bxoa`gjb hg _hdvbr$ tab sbongk d`rjbst hg Jndk$

Onppbr `gk G`tur`d J`s `gk tab tahrk d`rjbst hg Orukb Nhd futurbs$ whta rbspbot tn tab gulmbr

nf futurbs ongtròts tr`kbk'

G`thng`d Onllnkhty & Kbrhv`thvbs Bxoa`gjb Dhlhtbk !GOKBQ(

GOKBQ hs ` prnfbsshng`ddy l`g`jbk ng,dhgb ludth onllnkhty

bxoa`gjb' [ab sa`rbandkbrs nf GOKBQ onlprhsbs nf d`rjb g`thng`d dbvbd hgsthtuthngs$ d`rjb

pumdho sbotnr m`gi `gk onlp`ghbs' Urnlntbr sa`rbandkbrs3 HOHOH M`gi Dhlhtbk HOHOH(#$

Dhfb Hgsur`gob Onrpnr`thng nf Hgkh` DHO($ G`thng`d M`gi fnr @jrhoudturb `gk ]ur`d

Kbvbdnplbgt G@M@]K( `gk G`thng`d _tnoi Bxoa`gjb nf Hgkh` Dhlhtbk G_B(' GOKBQ hs

` pumdho dhlhtbk onlp`gy hgonrpnr`tbk ng @prhd =?$ =55? ugkbr tab Onlp`ghbs @ot$ 0826' Ht

2F[HD st`gks fnr Fhg`goh`d [boagndnjhbs !Hgkh`( Dtk


9/58

U`jb 8

nmt`hgbk hts Obrthfho`tb fnr Onllbgoblbgt nf Mushgbss ng L`y 8$ =55?' Ht onllbgobk hts

npbr`thngs ng Kboblmbr 02$ =55?'

GOKBQ ab`kqu`rtbrs `rb dno`tbk hg Lulm`h `gk nffbrs fòhdhthbs tn hts lblmbrs frnl tab

obgtbrs dno`tbk tarnujanut Hgkh`'

G`thng`d _pnt Bxoa`gjb Dtk !G_BD(

G_BD( hs ` st`tb,nf,tab,`rt bdbotrngho$ kblutu`dhsbk onllnkhty spnt

l`ribt' [ab Bxoa`gjb hs prnlntbk my Fhg`goh`d [boagndnjhbs Hgkh`( Dtk F[HD( `gk

G`thng`d @jrhoudtur`d Onnpbr`thvb L`ribthgj Fbkbr`thng nf Hgkh` Dhlhtbk G@FBK(' Ht

prnvhkbs `g bdbotrngho$ tr`gsp`rbgt$ wbdd nrj`ghzbk `gk obgtr`dhzbk tr`khgj pd`tfnrl whta tab

fòhdhty tn òobss `gk p`rthohp`tb tab l`ribt rblntbdy' Ht fòhdht`tbs rhsi frbb `gk a`ssdb frbb

puroa`sb `gk sbdd nf qu`dhty `gk qu`gthty spbohfhbk onllnkhthbs tn onllnkhty l`ribt

p`rthohp`gts hgodukhgj f`rlbrs$ tr`kbrs$ prnobssnrs$ bxpnrtbrs$ hlpnrtbrs$ `rmhtr`jburs$

hgvbstnrs `gk tab rbt`hd l`ribt p`rthohp`gts' Bxoa`gjb `dsn nffbrs v`rhnus ntabr sbrvhobs suoa

`s qu`dhty obrthfho`thng$ w`rbanushgj$ w`rbanusb rbobhpt fhg`gohgj$ bto' G_BD a`s mbbg

phngbbr hg nffbrhgj onllnkhty m`sbk hgvbstlbgt hgstrulbgts whta tab dùgoa nf B sbrhbs

Urnkuots' G_BD hs rbonjghzbk my Lhghstry nf Ongsulbr @ff`hrs$ Fnnk & Uumdho Khstrhmuthng$

`gk Jnvbrglbgt nf Hgkh`' Ht a`s nmt`hgbk dhobgsbs frnl v`rhnus st`tb jnvbrglbgts tn fòhdht`tb

ngdhgb kbdhvbry m`sbk tr`khgj hg v`rhnus `jrh,onllnkhthbs' Hg `kkhthng tab Bxoa`gjb prnvhkbs

kbdhvbry m`sbk tr`khgj hg muddhngs `gk lbt`ds òrnss tab onugtry'

G_BD onllbgobk hts dhvb npbr`thngs ng02ta Notnmbr =551' Ht

a`s orb`tbk bffhohbgt spnt kbdhvbry pd`tfnrl$ abdphgj tab sbddbrs.prnkuobrs tn sbdd onllnkhthbs

khrbotdy tn tab bgk muybrs onlprhsbs nf prnobssnrs. bxpnrtbrs' Ourrbgtdy$ G_BD andks `

l`ribt sa`rb nf nvbr 81" nf tab Hgkh`g bdbotrngho onllnkhty _pnt l`ribt$ `gk a`s lnrb ta`g

;82 rbjhstbrbk lblmbrs npbr`thgj tarnuja nvbr ?555 tr`kbr wnri st`thngs$ òrnss Hgkh`'

Jnvbrglbgt nrj`ghz`thngs dhib FOH$ A@FBK$ LL[O$ UBO$ G@FBK$ @UL@]IFBK$

]@CFBK$ `gk OOH a`vb mbbg òthvbdy uthdhzhgj tab Bxoa`gjb pd`tfnrl fnr sbddhgj v`rhnus

onllnkhthbs' Lnrb ta`g ?? onllnkhthbs `rb tr`kbk ng G_BD Ud`tfnrl a`vhgj kbdhvbry

dno`thngs sprb`k òrnss 0; st`tbs'


10/58

U`jb05

Onllnkhty Futurbs3

@ futurbs ongtròt hs `g `jrbblbgt mbtwbbg twn p`rthbs tn muy nr sbdd `g `ssbt `t ` obrt`hg thlb

hg tab futurb `t ` obrt`hg prhob'

M`sho [brlhgndnjy3 _pnt prhob3 [ab prhob `t wahoa `g `ssbt tr`kbs hg tab spnt l`ribt' Futurbs prhob3 [ab prhob `t wahoa tab futurbs ongtròt tr`kbs hg tab futurbs l`ribt' Ongtròt oyodb3 [ab pbrhnk nvbr wahoa ` ongtròt tr`kbs' [ab onllnkhty futurbs

ongtròts

Ng tab GOKBQ.LOQ a`vb ngb lngta$ twn lngtas$ `gk tarbb lngtas bto gnt lnrbta`g ` yb`r( bxphry oyodbs'

Bxphry k`tb3 Ht hs tab k`tb spbohfhbk hg tab futurbs ongtròt' [ahs hs tab d`st k`y ngwahoa tab ongtròt whdd mb tr`kbk$ `t tab bgk nf wahoa ht whdd ob`sb tn bxhst'

Kbdhvbry ught3 [ab `lnugt nf `ssbt ta`t a`s tn mb kbdhvbrbk dbss ta`g ngb ongtròt' Fnrhgst`gob$ tab kbdhvbry ught fnr futurbs ng _nymb`g ng tab GOKBQ hs 05 L[' [ab

kbdhvbry ught fnr tab Jndk futurbs ongtròt hs 0 ij'

M`shs3 M`shs hs tab khffbrbgob mbtwbbg tab futurbs prhob `gk tab spnt prhob' [abrb whddmb ` khffbrbgt m`shs fnr bòa kbdhvbry lngta fnr bòa ongtròt' Hg ` gnrl`d l`ribt$

futurbs prhobs bxobbk spnt prhobs' Jbgbr`ddy$ fnr onllnkhthbs m`shs hs kbfhgbk `s spntprhob ,futurbs prhob' Anwbvbr$ fnr fhg`goh`d `ssbts tab fnrlud`$ futurb prhob ,spnt prhob$

hs onllngdy usbk'

Onst nf o`rry3 [ab rbd`thngsahp mbtwbbg futurbs prhobs `gk spnt prhobs o`g mbsull`rhzbk hg tbrls nf wa`t hs ignwg `s tab onst nf o`rry' [ahs lb`surbs tab stnr`jb

onst pdus tab hgtbrbst ta`t hs p`hk tn fhg`gob tab `ssbt'

Hghth`d l`rjhg3 [ab `lnugt ta`t lust mb kbpnshtbk hg tab l`rjhg òonugt `t tab thlb `futurbs ongtròt hs fhrst bgtbrbk hgtn hs ignwg `s hghth`d l`rjhg'

L`rihgj,tn,l`ribt L[L(3 Hg tab futurbs l`ribt$ `t tab bgk nf bòa tr`khgj k`y$ tabl`rjhg òonugt hs `kcustbk tn rbfdbot tab hgvbstnr*s j`hg nr dnss kbpbgkhgj upng tab

futurbs odnshgj prhob' [ahs hs o`ddbk l`rihgj tn l`ribt'

L`hgtbg`gob l`rjhg3 [ahs hs snlbwa`t dnwbr ta`g tab hghth`d l`rjhg' [ahs hs sbt tnbgsurb ta`t tab m`d`gob hg tab l`rjhg òonugt gbvbr mbonlbs gbj`thvb' Hf tab m`d`gob

hg tab l`rjhg òonugt f`dds mbdnw tab l`hgtbg`gob l`rjhg$ tab hgvbstnr rbobhvbs `

l`rjhg o`dd `gk hs bxpbotbk tn tnp up tab l`rjhg òonugt tn tab hghth`d l`rjhg dbvbd

mbfnrb tr`khgj onllbgobs ng tab gbxt k`y'


11/58

U`jb00

Onllnkhty Urnkuots3

[ab fnddnwhgj `rb tab onllnkhthbs ta`t `rb lnst tr`kbk ng vndulb m`shs hg futurb l`ribts3

6

Hgkustry _truoturbs `gk Kbvbdnplbgt3

[ab mrnihgj hgkustry a`s sbbg lhorn oa`ddbgjbs nf hts nwg$ dbt `dngb tab

l`orn ongobrgs ta`t bxhst `t d`rjb' Ng ngb a`gk$ onlpbththng a`s hgtbgshfhbk$ `gk ng tab ntabr$

tab l`ribt prnkuot lhx a`s ugkbrjngb struotur`d oa`gjbs' [abrb a`s mbbg ongshstbgt sdhkb hg

tab o`sa l`ribt sa`rb$ wahoa hs lnrb hgkho`thvb nf tab hgvbstlbgt hgtbrbst hg tab l`ribt'

Furtabr$ tab yb`r s`w prbfbrbgob fnr dnw yhbdkhgj Hgkbx npthngs wahoa a`s sbbg hts sa`rb hg

tab nvbr`dd vndulb ng G_B: hgorb`sb frnl 22" hg P; FX05 tn :?" hg P; FX00 putthgj

shjghfho`gt prbssurb ng mrnibr`jb yhbdks' [ab onlpbththng hs dhibdy tn db`k tn ongsndhk`thng hg

tab sbotnr `gk r`tabr b`rdy shjgs nf ongsndhk`thng `rb vhshmdb' Bxtbrg`d kbvbdnplbgts dhib

oa`gjb hg tboagndnjy `gk oa`gjb hg tab bxtbrg`d bgvhrnglbgt `gk `dsn onst prbssurbs ng tab

npbr`thngs frngt wnudk furtabr `oobdbr`tb ongsndhk`thng'

[ab Onllnkhthbs l`ribt tnn whtgbssbk `g nvbr`dd hgorb`sb hg vndulbs' [ab

onlmhgbk onllnkhthbs vndulbs rbonrkbk hg mnta LOQ `gk GOKBQ hgorb`sbk my ]s'

?$8;0$086 Ornrbs up frnl ]s' :$?05$11: Ornrbs hg =558,05 tn ]s'00$ =2=$51? Ornrbs hg tab

ourrbgt FX =505,00'

6Hl`jb sanws tab khffbrbgt l`rjhgs sbt my FLO fnr khffbrbgt onllnkhthbs `gk tab v`rhnus dnt shzbs tn tr`kb'

:G_B st`gks fnr G`thng`d _tnoi Bxoa`gjb$ Hgkh`s g`thng`d bxoa`gjb'


12/58

U`jb0=

[abrb a`s mbbg `g hgorb`sb hg tab gulmbr nf kbl`t òonugts npbgbk hg tab

l`ribt kurhgj tab FX =505,00 `gk `s ng L`roa ?0$ =500$ tab gulmbr nf kbl`t òonugts

stnnk `t 0'18 Ornrbs$ `g hgorb`sb nf 0;" nvbr tab d`st yb`r' [ab hgorb`sb hg Kbl`t òonugts

a`s mbbg hg dhgb whta tab jrnwta sbbg hg tab prbvhnus yb`rs9 anwbvbr$ tab `msndutb gulmbrs

a`vb gnt jngb up shjghfho`gtdy' Kbl`t òonugts sthdd òonugt fnr dbss ta`g =" nf tab onugtrys

pnpud`thng$ `s onlp`rbk tn tab RI$ wahoa a`s 06" nf hts pnpud`thng a`vhgj tab s`lb' _n

tabrb hs sthdd ` dngj w`y tn jn hg tahs l`ribt wahoa andks ` strngj jrnwta hlpbtus whtahg'

Onllnkhty ta`t hs fnousbk hg tahs stuky hs Orukb Nhd3

Orukb nhd hs onllngdy ignwg `s pbtrndbul' Ht hs ` dhquhk fnugk whtahg b`rta' Onlpnsbk nf

Aykrno`rmngs 25,8:"($ Nrj`gho onlpnugks G=$ N=$ _( 6,05"($ _l`dd `lnugts nf lbt`dOu$ Gh$ Vg$ Fb( 40"( Ht a`s ` Ndhjnpndhstho l`ribt struoturb' O`rtbds `rb fnrlbk my nhd

prnkuohgj onugtrhbs' Lnst hlpnrt`gt pd`ybrs hg nhd l`ribt `rb3,

NUBO1 Gng NUBO onugtrhbs

_ùkh @r`mh` pd`ys knlhg`gt rndb hg tab ndhjnpndhstho nhd l`ribt' Frnl

bongnlbtrho bvhkbgob ng _ùkh @r`mh`$ tabrb hs ongfnrl`thng nf `syllbtrho`d mba`vhnr nf

dnw onst pbtrndbul suppdhbr h'b' tab onugtry rbstrhots prnkuothng hg rbòthng tn gbj`thvb

kbl`gk sanois$ mut knbs gnt bxp`gk prnkuothng hg rbspngsb tn pnshthvb ngbs'

1NUBO st`gks fnr tab Nrj`ghz`thng nf tab Ubtrndbul Bxpnrthgj Onugtrhbs


13/58

U`jb0?

5

=

;6

1

05

0=

LHDDHNG NF M@]]BD UB] K@X

_@RKH @]@MH@

]R__H@

RGH[BK _[@[B_

H]@G

LBQHON

8Fhj3, Znrdk [np 2 Urnkuobrs nf Orukb Nhd

05Fhj3, Znrdk [np 2 Ongsulbrs nf Orukb Nhd

8Hl`jb hs t`ibg frnl Abkjb Bquhthbs rbpnrt ng orukb nhd

05Hl`jb hs t`ibg frnl Abkjb Bquhthbs rbpnrt ng orukb nhd


14/58

U`jb0;

ONLU@GX @G@DX_H_


15/58

U`jb02

Oa`ptbr =

ONLU@GX U]NFHDB

@khty` Mhrd` Lngby Dtk

@khty` Mhrd` Lngby Dtk$ fnrlbrdy ignwg `s @pnddn _hgkannrh O`pht`d Hgvbstlbgt Dtk hs `

db`khgj pd`ybr hg mrnihgj spòb' [ab onlp`gy hs prhgohp`ddy bgj`jbk hg tab mushgbss nf stnoi

mrnihgj `gk rbd`tbk òthvhthbs' [aby a`vb ngb sumshkh`ry onlp`gy$ g`lbdy @pnddn _hgkannrh

Onllnkhthbs [r`khgj Dtk' [ab onlp`gy nffbrs sbrvhobs suoa `s$ tr`khgj fòhdhty hg bquhty

sbjlbgt ng `gk kbrhv`thvb sbjlbgt ng G_B & M_B tarnuja ` shgjdb sorbbg9 tr`khgj fòhdhty

hg onllnkhty sbjlbgt$ hgodukhgj muddhng$ nhds$ jùr sbbk bto tarnuja tabhr sumshkh`ry9

kbpnshtnry U`rthohp`gt sbrvhobs nf G_KD00 `gk OK_D0= `t l`cnr dno`thngs9 Ngdhgb mhkkhgj

fnr HUN `gk khstrhmuthng nf lutu`d fugk' [ab onlp`gy hs ab`kqu`rtbrbk hg Oabgg`h'

@khty` Mhrd` Lngby Dtk$ ` p`rt nf @khty` Mhrd` fhg`goh`d _brvhobs Jrnup w`s hgonrpnr`tbk hg

tab yb`r 0882 `s @pnddn _hgkannrh O`pht`d Hgvbstlbgt Dtk' B`rdhbr$ tab onlp`gy w`s

prnlntbk my Ur`ta`p O ]bkky$ Oa`hrl`g nf @pnddn Anspht`ds Jrnup' Hg L`roa =558$ tab

onlp`gy mbo`lb ` p`rt nf @khty` Mhrd` Jrnup$ wabg tab jrnup òquhrbk :6" nf tab

onlp`gy' [ab onlp`gy onllbgobk tabhr npbr`thngs hg Oabgg`h hg tab yb`r 0886'

Hg @ujust =1$ =551$ tab onlp`gy bgtbrbk hgtn _a`rb Uuroa`sb @jrbblbgt whta @khty` Mhrd`

Guvn Dtk fnr s`db nf 26" bquhty sa`rbs nf tab onlp`gy' Uursu`gt tn tahs `jrbblbgt$ @khty`

Mhrd` Guvn Dtk l`kb `g npbg nffbr fnr puroa`sb nf =5" bquhty sa`rbs nf tab onlp`gy$

wahoa w`s onlpdbtbk ng Fbmru`ry =;$ =558' @s ` rbsudt$ tab onlp`gy mbo`lb ` sumshkh`rynf @khty` Mhrd` Guvn Dtk whta bffbot frnl L`roa 6$ =558' [ab onlp`gy oa`gjbk tabhr g`lb

frnl @pnddn _hgkannrh O`pht`d Hgvbstlbgts Dtk tn @khty` Mhrd` Lngby Dtk whta bffbot frnl

@ujust ?$ =558'

00G_KD hs tab G`thng`d _bourhthbs Kbpnshtnrhbs Dhlhtbk ht hs tab kbpnshtnry fnr tab bquhty l`ribt hg Hgkh`

0=OK_D hs tab Obgtr`d kbpnshtnrhbs _brvhobs Dhlhtbk


16/58

U`jb06

Vhshng3

-[n mb tab db`khgj rbsb`roa anusb ng prnvhkhgj v`dub `kkbk hgtbddhjbgob `gk hgshjatfud

hgvbstlbgts ongodushngs ng blbrjhgj onlp`ghbs-'

Onlp`gy Dnjn3

[ab g`lb @khty` Mhrd` bvnibs `dd ta`t hs pnshthvb hg mushgbss `gk hg dhfb' Ht bxblpdhfhbs

hgtbjrhty$ qu`dhty$ pbrfnrl`gob$ pbrfbothng `gk `mnvb `dd oa`r`otbr'

Nur dnjn hs tab sylmndho rbfdbothng nf tabsb tr`hts' Ht hs tab onrgbrstngb nf nur onrpnr`tb

hkbgthty' Ht abdps us dbvbr`jb tab ughqub @khty` Mhrd` mr`gk `gk bgknws us whta ` khsthgothvb

vhsu`d hl`jb'

Kbphotbk hg vhmr`gt$ b`rtay ondnrs$ ht hs vbry `rrbsthgj `gk sanws tab sug rhshgj nvbr twnohrodbs' @g hggbr ohrodb sylmndhzhgj tab hgtbrg`d ughvbrsb nf tab @khty` Mhrd` Jrnup$ `g nutbr

ohrodb sylmndhzhgj tab bxtbrg`d ughvbrsb `gk ` kyg`lho lbbthgj nf r`ys ongvbrjhgj `gk

khvbrjhgj mbtwbbg tab twn'

@MLD Onrpnr`tb _truoturb3

Jr`pa 03 _truoturb

@MF_J

@khty` Mhrd`O`pht`d @kvhsnrsUrhv`tb Dhlhtbk

Urhv`tb Bquhty(

@khty` Mhrd`Lngby DhlhtbkMrnihgj(

@khty` Mhrd`Lngby L`rtDhlhtbk Zb`dta

L`g`jblbgt(

@khty` Mhrd`Hgsur`gob MrnibrsDhlhtbk Jbgbr`dHgsur`gob @kvhsnry(


17/58

U`jb0:

Urnkuots `gk sbrvhobs nffbrbk my @khty` Mhrd` Lngby Dtk' 3

0?

Bquhty3

Bquhthbs `rb ongshkbrbk lnrb rbw`rkhgj wabg onlp`rbk tn ntabr hgvbstlbgt npthngs9

@MLD0; prnvhkbs ahjady bffhohbgt `gk snpahstho`tbk tr`khgj snduthngs tn bffbothvbdy

l`g`jb bquhty hgvbstlbgts hg `g hgorb`shgjdy onlpdbx l`ribt'

Hgkh`g l`ribts$ tanuja hg tab g`sobgt st`jb nffbr ngb nf tab lnst bxohthgj `gk rbw`rkhgj

hgvbstlbgt nppnrtughthbs `lngj tab blbrjhgj l`ribt bongnlhbs' Abgob$ `s fhg`goh`d

`w`rbgbss kbbpbgs `gk lnrb snpahstho`tbk hgstrulbgts bgtbr tab Hgkh`g l`ribts$ hgvbstnrs

gbbk tn trb`k tab p`ta oùthnusdy'

Kbrhv`thvbs3

[ab Kbrhv`thvb sbjlbgt hs ` ahjady duor`thvb l`ribt ta`t jhvbs hgvbstnrs `g nppnrtughty tn

b`rg supbrd`thvb prnfhts nr dnssbs( my p`yhgj ` gnlhg`d `lnugt nf l`rjhg' Nvbr p`st fbw

yb`rs$ Futurb & Npthngs sbjlbgt a`s blbrjbk `s ` pnpud`r lbkhul fnr tr`khgj hg

fhg`goh`d l`ribts' Futurb ongtròts `rb `v`hd`mdb ng Bquhthbs$ Hgkhobs$ Ourrbgohbs `gk

Onllnkhthbs' _hgob kbrhv`thvbs hgstrulbgt prnvhkb jnnk dbvbr`jb nppnrtughty$ ht hs `

jrb`t tnnd fnr spboud`thng' Dbvbr`jb hs ` knumdb bkjb swnrk fnr wahoa ngb rbquhrbs `g

bquhty `kvhsnr' @MLD `kvhsnrs whdd `dsn abdp whta v`rhnus str`tbjhbs dhib Mudd _prb`k$

Mb`r _prb`k$ Onvbr o`dd wrhthgj$ abkjhgj str`tbjhbs bto' [ahs hs tn abdp tab hgvbstnr tn

0?Hl`jb tìbg frnl onlp`ghbs prbsbgt`thng fnr hgvbstnrs

0;@MLD hs tab sumshkh`ry nf @khty` Mhrd` Jrnup st`gks fnr @khty` Mhrd` Lngby Dhlhtbk


18/58

U`jb01

lìb mbttbr tr`khgj rbturgs' [ab Bquhty `kvhsnr jnbs ` stbp furtabr tn bgsurb ta`t tr`kbs

`rb sbttdbk `gk tr`kbk whta prnpbr l`rjhg hg odhbgts òonugt hg ` thlbdy l`ggbr' [ahs

`ddnws jhvhgj tabl ` ongvbghbgt shgjdb whgknw sbrvhob `gk tab `kvhsnr mbonlbs tab

shgjdb pnhgt ongtòt fnr `dd tab bquhty rbd`tbk l`ttbrs'

Lutu`d fugks3

Lutu`d Fugks nffbr `g nppnrtughty fnr dngj tbrl wb`dta orb`thng' @MLD bgsurbs ta`t

hgvbstnrs `rb hg s`fb a`gks mòibk my qu`dhty rbsb`roa `gk m`sbk ng tab gbbks nf tab odhbgt

òonrkhgj tn ahs hgonlb$ s`vhgjs$ `jb$ f`lhdy mòijrnugk bto'

Zhta @MLDs Lutu`d Fugk _brvhob _ystbl$ `g nrkbr onddbothng systbl prnvhkbk my G`thng`d

_tnoi Bxoa`gjb G_B($ tab odhbgt o`g pdòb sumsorhpthng nr rbkblpthng rbqubsts fnr lutu`d

fugk ughts' [ab odhbgt gn dngjbr a`vb tn `w`ht tab st`tus nf ynur `ppdho`thng frnl @LO nr

fugk anusb$ hgstb`k ab o`g tròi ahs rbqubst tarnuja ngdhgb hgtbrfòb `gk bvbg lnkhfy tab

rbqubst ugthd tab thlb ht hs òobptbk my tab lutu`d fugk' ]bkuobk thlb d`js `gk tr`gsp`rbgoy

hg prnobkurbs blpnwbr hgvbstnrs tn lìb thlbdy `gk npthl`d hgvbstlbgt kbohshngs'

Onllnkhty3

[r`khgj hg Onllnkhthbs whta @MLD trudy blpnwbrs tn tab hgvbstlbgt gbbks' Ht bgsurb `

supbrd`thvb tr`khgj bxpbrhbgob tarnuja

@oobss tn k`hdy hgohshvb$ fugk`lbgt`d `gk tboagho`d rbsb`roa `gk `g`dythos frnl tabbffhohbgt hg anusb rbsb`roa'

Ubrsng`dhzbk sbrvhobs tarnuja ` tb`l nf kbkho`tbk ]bd`thngsahp L`g`jbrs `gk Kb`dbrs Mrnwsbr `gk `ppdho`thng m`sbk pd`tfnrls `v`hd`mdb fnr onllnkhty tr`khgj'

Ourrbgoy3

Ourrbgoy tr`khgj hs tab d`rjbst l`ribt wnrdkwhkb' [ab lboa`ghsl nf tab ourrbgoy tr`khgj hs

shlpdb `dd ourrbgohbs a`vb ` v`dub wabg onlp`rbk tn ntabr ourrbgohbs `gk ht hs tahs tr`khgj

bhtabr puroa`sb nr s`db( nf ourrbgohbs ta`t hs kngb tn tìb `kv`gt`jb nf tab sahfts hg tab

rbd`thvb lnvblbgt'

@MLD prnvhkbs ` fdbxhmdb pd`tfnrl tn hts odhbgts tn bxp`gk `gk khvbrshfy tabhr pnrtfndhns `gk

`kk ourrbgoy kbrhv`thvbs tn onlpdblbgt tabhr onllnkhty `gk bquhty tr`khgj' _hgob hts

hgobpthng hg @ujust =551$ tab ourrbgoy futurbs l`ribt a`s jrnwg my db`ps `gk mnugks' Zhta


19/58

U`jb08

tab suoobssfud tr`khgj hg R_K,HG]$ tab nffbrhgjs a`vb gnw mbbg bxtbgkbk tn Burn,Hgkh`g

]upbb$ Unugk _tbrdhgj,Hgkh`g ]upbb `gk C`p`gbsb Xbg,Hgkh`g ]upbb'


20/58

U`jb =5

]B_B@]OA NMCBO[HVB_


21/58

U`jb =0

Oa`ptbr ?

]B_B@]OA NMCBO[HVB_

U]HL@]X NMCBO[HVB_3

[n fhgk tab fòtnrs ta`t `ffbot fugk`lbgt`ddy tab prhob nf Orukb Nhd hg Hgkh`gOnllnkhty L`ribt'

[n `g`dyzb tab fòtnrs `gk hts bffbot ng prhob nf Orukb Nhd hg l`ribt'

_UBOHFHO NMCBO[HVB_3

[n ignw `gk ugkbrst`gk tab rb`sng mbahgk tab oa`gjb hg prhob nf Orukb Nhd [n stuky tab fòtnrs tabnrbtho`ddy `gk st`thstho`ddy `gk `g`dyzb `s tn way tabsb fòtnrs

`ffbot tab orukb nhd

[n prnvhkb rbdbv`gt hgfnrl`thng ta`t whdd abdp hgvbstnrs tn orukb nhd l`ribt'

NMCBO[HVB @GK M@OIJ]NRGK3

Ly nmcbothvb hg tahs p`pbr hs shlpdy tn ugkbrst`gk wa`t fòtnrs kbtbrlhgb nhd prhobs `gk tn

oaboi tahs rbd`thngsahp pròtho`ddy 'Ly `pprnòa hs mnta tabnrbtho`ddy `gk

@dngj tab w`y H `dsn try tn prbsbgt shlpdhfhbk `gswbrs tn tab fnddnwhgj qubsthngs3 Za`t a`s

a`ppbgbk hg tab ahstnry nf nhd> Knbs NUBO02 ]bsbrvbs `ffbot prhobs> Za`t hs bffbot ng JKU

kub tn rhshgj nhd prhobs> Zay khk tab prhobs rhsb tn rbonrk ahjas hg tab =551 `gk way khk taby

krnp rbobgtdy>

[ab rbsb`roa hs `g `g`dytho`d rbvhbw hgtn dhtbr`turb `gk bvhkbgob ng tab nhd l`ribt' Ht prbsbgts

tab orukb nhd l`ribt `gk hts ugkbrdyhgj fugk`lbgt`ds `gk oa`ròtbrhsthos hg onllnkhty

l`ribt'

02NUBO ta`t hs Nrj`ghz`thng nf Ubtrndbul Bxpnrthgj Onugtrhbs a`s 0= onugtrhbs$ l`hgdy Judf rbjhng


22/58

U`jb ==

[abrb `rb l`gy pbrhnkho`d rbpnrts `gk `g`dyshs ng tab nhd l`ribt rbdb`sbk my nrj`ghz`thngs

suoa `s tab Hgtbrg`thng`d Bgbrjy @jbgoy nf tab NBOK06,onugtrhbs `gk tab Bgbrjy

Hgfnrl`thng @klhghstr`thng nf tab Rghtbk _t`tbs Kbp`rtlbgt nf Bgbrjy'

Ly ongtrhmuthng hs tn mrhgj nut tab fòtnrs `gk tabrb `ffbot ng prhob sn ta`t

pbnpdb o`g `g`dyzb `gk hgvbst hg mbttbr w`y' [ab rbsudthgj p`pbr hs `g `g`dytho`d rbvhbw hgtn

dhtbr`turb `gk bvhkbgob ng tab nhd l`ribt' Ht prbsbgts tab l`ribt `gk hts ugkbrdyhgj

fugk`lbgt`ds tn ` rb`kbr wan a`s gn bxpbrhbgob ng tab l`ribt nr hg `kv`gobk bongnlhos' Ht

`dsn rbfdbots ly p`ta frnl j`tabrhgj ahja,soannd dbvbd mòijrnugk k`t` `gk db`rghgj `mnut

tab m`shos nf tab l`ribt$ tn tìhgj tab rndb nf ` cughnr bongnlhst `gk dnnihgj hgtn tab

tabnrbtho`d dhlhts `gk bquhdhmrhuls ongobrgbk$ `gk bvbgtu`ddy wbhjahgj khffbrbgt fòtnrs hg `

w`y ` onllbroh`d l`ribt `g`dyst lhjat

Znrdk Orukb Nhd L`ribt

Onllbroh`d Nhd k`tbs mòi tn 012: wabg ht w`s krhddbk hg ]nl`gh`' Ubtrndbul Hgkustry hg

Hgkh` hs `dsn ngb nf tab ndkbst hg tab wnrdk' Nhd hg Hgkh` w`s struoi fhrst hg 016: `t Lìul

gb`r L`rjabrht` hg @ss`l `gk hg Khjmnh hg @ss`l fhrst nhd w`s struoi my Murl` Nhd

Onlp`gy hg 0118' Bongnlho òthvhty hs vbry luoa kbpbgkbgt ng Orukb Nhd prhob' Orukb nhd

hs ` dhquhk g`tur`ddy fnugk hg ugkbrjrnugk rbsbrvnhrs `gk tabg ht hs murgbk tn orb`tb bgbrjy'

=5ta obgtury s`w nhd suppdy ngdy ;" nf tab wnrdks bgbrjy mut gnw ht a`s mbonlb tab lnst

hlpnrt`gt bgbrjy snurob `gk suppdhbs `mnut ?:" nf tab wnrdks bgbrjy' Orukb nhd `gk hts my

prnkuots `rb usbk l`hgdy `s r`w l`tbrh`ds nr hgput hg v`rhnus l`gufòturhgj hgkustrhbs `gk

snlb nf tab prnkuots nmt`hgbk `rb pbtrnd$ Dhquhk pbtrndbul j`s$ g`pata`$ ibrnsbgb$ j`s nhd

`gk fubd nhd' Orukb nhd `rb od`sshfhbk òonrkhgj tn @UH jr`vhty wahoa hs @lbrho`g Ubtrndbul

Hgsthtutb' Hf tab nhd a`s ahjabr @UH jr`vhty ht hs ongshkbrbk `s dhjat `gk hf dbss jr`vhty dbvbd ht hs

ongshkbrbk `s snur nr ab`vy' [ab tarbb prhl`ry mbgoal`ris nf nhd hg wnrdk tr`kb `rb Zbst

[bx`s Hgtbrlbkh`tb Z[H($ Mrbgt Mdbgk `gk Kum`h & Nl`g'

Zbst [bx`s Hgtbrlbkh`tb Z[H(3

Zbst [bx`s Hgtbrlbkh`tb onllngdy o`ddbk `s Z[H hs usbk prhl`rhdy hg R'_' Ht hs dhjat @UH

jr`vhty( `gk swbbt dnw sudpaur( lìhgj ht hkb`d fnr prnkuohgj prnkuots dhib dnw sudpaur

j`sndhgb `gk dnw sudpaur khbsbd' Mrbgt hs gnt dhjat nr swbbt `s Z[H mut sthdd ahja jr`kb orukb

`gk Z[H typho`ddy tr`kbs `t ahjabr prblhul ta`g Mrbgt'

Mrbgt orukb3

06NBOK st`gks fnr Nrj`ghz`thng fnr Bongnlho On,npbr`thng `gk Kbvbdnplbgt a`s ?; onugtry lblmbrs


23/58

U`jb =?

Mrbgt Orukb hs tab d`rjbst nf tab l`gy l`cnr od`sshfho`thngs nf orukb nhd `gk hs usbk tn prhob

twn tahrks nf tab wnrdks hgtbrg`thng`ddy tr`kbk orukb nhd suppdhbs' Mrbgt orukb hs snurobk

frnl Gnrta _b` nf @td`gtho Nob`g dno`tbk mbtwbbg Jrb`t Mrht`hg `gk _o`gkhg`vh`('

Kum`h Orukb3

Kum`h orukb hs usbk `s ` prhob mbgoal`ri mboùsb ht hs ngb nf fbw Ubrsh`g Judf orukb nhd'

Kum`h orukb hs jbgbr`ddy usbk fnr prhohgj Ubrsh`g Judf orukb nhd bxpnrts tn @sh`' Kum`h Orukb

hs ` dhjat snur orukb nhd bxtròtbk frnl Kum`h' [ab Kum`h mbgoal`ri hs `dsn ignwg `s F`tba

hs usbk hg tab Rghtbk @r`m Blhr`tbs'

[ab pbtrndbul hgkustry jbgbr`ddy od`sshfhbs orukb nhd my3,

0' [ab jbnjr`paho dno`thng ht hs prnkuobk hg'=' Hts @UH jr`vhty'?' My hts sudfur ongtbgt'

0' @oonrkhgj$ tn tab jbnjr`paho dno`thng snlb nf tab typbs `rb Mrbgt orukb$ Z[H Zbst[bx`s Hgtbrlbkh`tb( orukb bto' [ab jbnjr`paho dno`thng hs hlpnrt`gt mboùsb ht `ffbots

tr`gspnrt`thng onsts tn tab rbfhgbry'

=' @UH @lbrho`g Ubtrndbul Hgsthtutb( Jr`vhty3,@ spbohfho jr`vhty so`db kbvbdnpbk my tab@lbrho`g Ubtrndbul Hgsthtutb @UH( fnr lb`surhgj tab rbd`thvb kbgshty nf v`rhnus

pbtrndbul dhquhks$ bxprbssbk hg kbjrbbs'

Ht hs jhvbg my3 , @UH Jr`vhty < 0;0'2. spbohfho jr`vhty 0?0'2

B'j'3 , @UH nf w`tbr < 05' Mboùsb _'J' nf w`tbr


24/58

U`jb =;

Nrj`ghz`thngs fnr Nhd L`ribt3

[ab Nrj`ghz`thng nf tab Ubtrndbul Bxpnrthgj Onugtrhbs NUBO( hs ` pbrl`gbgt

hgtbrjnvbrglbgt`d nrj`ghz`thng$ ourrbgtdy ongshsthgj nf 0= nhd prnkuohgj `gk bxpnrthgj

onugtrhbs$ sprb`k òrnss tarbb ongthgbgts @lbrho`$ @sh` `gk @frho`' [ab lblmbrs `rb

@djbrh`$ @gjnd`$ Bou`knr$ tab Hsd`lho ]bpumdho nf Hr`g$ Hr`q$ Iuw`ht$ Dhmy`$ Ghjbrh`$

P`t`r$ _ùkh @r`mh`$ Rghtbk @r`m Blhr`tbs & Vbgbzubd`'

NUBO w`s fnrlbk `t ` lbbthgj abdk ng _bptblmbr 0;$ 0865 hg M`jak`k$ Hr`q$ my fhvb

Fnugkbr Lblmbrs3 Hr`g$ Hr`q$ Iuw`ht$ _ùkh @r`mh` `gk Vbgbzubd`' NUBO w`s rbjhstbrbk

whta tab Rghtbk G`thngs _borbt`rh`t ng Gnvblmbr 6$ 086= RG ]bsnduthng Gn 6?6?('

NUBO Lblmbr Onugtrhbs3

Onugtry Cnhgbk NUBO Dno`thng

@djbrh` 0868 @frho`

@gjnd` =55: @frho`

Bou`knr ## rbcnhgbk =55: _nuta @lbrho`

H] Hr`g # 0865 Lhkkdb B`st

Hr`q # 0865 Lhkkdb B`st

Iuw`ht # 0865 Lhkkdb B`st

Dhmy` 086= @frho`

Ghjbrh` 08:0 @frho`

P`t`r 0860 Lhkkdb B`st

_ùkh @r`mh` # 0865 Lhkkdb B`st

Rghtbk @r`m Blhr`tbs 086: Lhkkdb B`st

Vbgbzubd`# 0865 _nuta @lbrho`

0:

[ab Nhd `gk Bgbrjy Lhghstbrs nf tab NUBO Lblmbr Onugtrhbs lbbt `t db`st twhob ` yb`r tn

on,nrkhg`tb tabhr nhd prnkuothng pndhohbs hg dhjat nf tab l`ribt fugk`lbgt`ds$ hb$ tab dhibdy

futurb m`d`gob mbtwbbg suppdy `gk kbl`gk'

[ab Lblmbr Onugtrhbs$ rbprbsbgtbk my tabhr rbspbothvb Ab`ks nf Kbdbj`thng$ l`y nr l`y gnt

`dtbr prnkuothng dbvbds kurhgj tab Lbbthgjs nf tab NUBO Ongfbrbgob' Jhvbg ta`t NUBO

Onugtrhbs prnkuob `mnut ;= pbr obgt nf tab wnrdk*s orukb nhd `gk `mnut 60 pbr obgt nf tab

0:Fnugkbr Lblmbrs $Bou`knr cnhgbk NUBO hg 08:?$ suspbgkbk hts lblmbrsahp frnl Kbo' 088=,Not' =55:


25/58

U`jb =2

orukb nhd tr`kbk hgtbrg`thng`ddy$ `gy kbohshngs tn hgorb`sb nr rbkuob prnkuothng l`y dnwbr nr

r`hsb tab prhob nf orukb nhd'

[ab hlpòt nf NUBO nutput kbohshngs ng orukb nhd prhobs sanudk mb ongshkbrbk sbp`r`tbdy

frnl tab hssub nf oa`gjbs hg tab fhg`d prhobs nf nhd prnkuots$ suoa `s j`sndhgb nr ab`thgj nhd'

[abrb `rb l`gy fòtnrs ta`t hgfdubgob tab prhobs p`hk my bgk ongsulbrs fnr nhd prnkuots' Hg

snlb onugtrhbs t`xbs onlprhsb nvbr 65 pbr obgt nf tab fhg`d j`sndhgb prhob p`hk my ongsulbrs$

sn bvbg ` l`cnr oa`gjb hg tab prhob nf orukb nhd lhjat a`vb ngdy ` lhgnr hlpòt ng ongsulbr

prhobs' @t tab bgk nf =505$ NUBO a`k prnvbg nhd rbsbrvbs nf 0$08?$0:= lhddhng m`rrbds nf

orukb nhd$ rbprbsbgthgj 10'? pbr obgt nf tab wnrdk tnt`d nf 0$;6:$50= lhddhng m`rrbds'

Hgkh`g Orukb Nhd L`ribt3

Orukb Nhd hg Hgkh` òts `s [ab Mdòi Jndk' Jdnm`d nhd kbl`gk l`g`jbk tn hgorb`sb hg =5059

`s tab sdulp hg nhd kbl`gk frnl NBOK onugtrhbs wbrb nutwhttbk my tab hgorb`sb hg

ongsulpthng hg tab @sh`,Uòhfho rbjhng' _uppdy `dsn rbl`hgbk vnd`thdb mboùsb nf Dhmy`g

ugrbst fnddnwbk my tab lbbthgj abdk hg =500 wabrb NUBO lblmbrs wbrb lutu`ddy gnt `mdb tn

kbohkb ng prnkuothng qunt`s' Hg d`st ngb yb`r tab Z[ orukb prhobs `dsn whtgbssbk ahja

vnd`thdhty$ ht tr`kbk hg tab r`gjb nf +:2 tn +00? pbr m`rrbd'


26/58

U`jb =6

]B_B@]OA LB[ANKNDNJX


27/58

U`jb =:

Oa`ptbr ;

]bsb`roa Lbtankndnjy

HG[]NKRO[HNG

Za`t hs rbsb`roa>

]bsb`roa hg onllng p`rd`gob rbfbrs tn ` sb`roa fnr ignwdbkjb' Ngob o`g `dsn kbfhgb

rbsb`roa `s ` sohbgthfho `gk systbl`tho sb`roa fnr pbrthgbgt hgfnrl`thng ng ` spbohfho tnpho' Hg

fòt$ rbsb`roa hs `g `rt nf sohbgthfho hgvbsthj`thng'

]bsb`roa onlprhsbs kbfhghgj `gk rbkbfhghgj prnmdbls$ fnrlud`thgj aypntabshs nr sujjbstbk

snduthngs9 onddbothgj$ nrj`ghzhgj `gk bv`du`thgj k`t`9 lìhgj kbkuothngs `gk rbòahgj

ongodushngs9 `gk `t d`st o`rbfuddy tbsthgj tab ongodushngs tn kbtbrlhgb wabtabr taby fht tab

fnrlud`thgj aypntabshs

, Odhffnrk Znnky

U]NMDBL KBFHGH[HNG

[abrb `rb twn typbs nf rbsb`roa prnmdbls

[ansb wahoa rbd`tb tn st`tbs nf g`turb' [ansb wahoa rbd`tb tn rbd`thngsahp mbtwbbg v`rh`mdbs'

]bsb`roabrs lust shgjdb nut ` prnmdbl taby w`gt tn stuky h'b' ab lust kbohkb tab jbgbr`d `rb`

nf hgtbrbst ab wnudk dhib tn bgquhrb'

[ab twn stbps ta`t `rb hgvndvbk hg tahs3

[n ugkbrst`gk tab prnmdbl tanrnujady9 `gk$

]bpar`shgj tab s`lb hgtn lb`ghgjfud tbrls'

@s ly rbsb`roa hs m`sbk ng fugk`lbgt`d p`r`lbtbrs sn ly rbsb`roa prnmdbl hs'

[n fhgk nut tab khffbrbgt fòtnrs nf prhohgj nf orukb nhd hg tab onllnkhty l`ribt' [n `g`dyzb tab oùs`dhty nf orukb nhd prhohgj my tabsb fòtnrs


28/58

U`jb =1

]BVHBZ NF DH[B]@[R]B

Hgkh`g M`sibt a`s twn typb nf Orukb nhd onlhgj hg tab onugtry ngb hs Z[H `gk ntabr hs Mrbgt

orukb$ tab m`sibt a`s l`cnrdy Mrbgt Orukb Nhd `gk abgob hg tab stukhbs pbnpdb a`vb l`kb ng

Hgtbrg`thng`d l`ribt hs ng mnta Z[H `gk Mrbgt' [ab @lbrho`g rbsb`roabrs a`vb usbk Z[H `s

tab prhob `gk Judf onugtrhbs l`hgdy Mrbgt'

Hg ngb nf tab stukhbs kngb my@' _d`hmh$ K' Oa`pl`g `gk A' K`nui=505(tab orukb nhd sanws

tab jbnpndhtho`d mba`vhnr h'b' tab NUBO rbsbrvbs a`vb ` bffbot ng orukb nhd prhohgj `s tab

NUBO prnvhkbs 15" nf tab nhd ongsulpthng hg tab wnrdk l`ribt' Hg tabhr rbsb`roa taby a`vb

tìb ` stuky kngb my Iùffl`g rbd`thgj tn Knbs NUBO l`ttbrs> my ushgj tab bongnlbtrho

tnnd ab a`s sanwg ta`t tab NUBO rbsbrvbs kn bffbot tab Nhd prhob' [aby a`vb `dsn ahjadhjatbk

ta`t tab gbws nf NBOK `dsn `ffbots tab Orukb nhd prhob fugk`lbgt`ddy `s ht hs tìbg hgtn

òonugt my hgvbstnrs wahdb hgvbsthgj hg tab l`ribt'

Ngb nf tab rbsb`roa p`pbr wrhttbg myF' Ibshoih$ R' ]bllb$ L' Mdbsd$ R' Fàd$ @' Vn =558(

wa`t `rb pnsshmdb futurb kbvbdnplbgts hg orukb nhd prhob' [aby a`vb tìbg hgtn òonugt tab

Orukb nhd prnkuothng$ ongsulpthng `gk rbsbrvbs k`t` abgob ahjadhjathgj ngb nf tab l`hg

fòtnrs ta`t `ffbot prhob'

Dbs Ondbl`g =500(hg ahs rbsb`roa p`pbr a`s bxpd`hgbk tab orukb nhd prhohgj ushgj

fugk`lbgt`d lb`surbs' Fòtnrs ab a`s ongshkbrbk `rb nhd suppdy$ kbl`gk$ pndhtho`d fòtnrs `gk

l`cnr bvbgts'

Ab a`s usbk @KF lbtank tn fhgk tab ught rnnt nf `dd tab fòtnrs `gk tab k`t` hs st`thng`ry `gk

fhgk wb`tabr tansb fòtnrs `rb onrrbd`tbk nr gnt my rbjrbsshng' [ab stuky sanws tab usb nf

[hlb _brhbs st`thstho`d tnnd @KF'

Abkngho prhohgj nf orukb nhd h'b' oa`ròtbrhsthos nf orukb nhd `ffbot hts prhob' S' Z@GJ =55?(

hg ahs stuky a`s usbk Jr`vhty @UH kbjrbb($ _udfur "( `gk Vhsonshty hgkbx Unur pnhgt' Ab

a`s ahjadhjatbk ta`t tab orukb nhd oa`ròtbrhsthos `gk tab pdòb wabrb ht hs lhgbk `dsn

hgfdubgobs tab prhob' Zhta tahs l`gy nf tab `rthodbs `dsn sujjbst ta`t tab Z[H hs luoa lnrb

onstdy ta`g Mrbgt `s ht hs dhjat `gk swbbt `gk abgob ht `dsn sanws ta`t l`gy nf tab prnkuothng

onst `dsn kbtbrlhgbs tab orukb nhd prhob' Ahs stuky fhg`ddy sanws gng dhgb`rhty hg tab prhob nfoa`ròtbrhsthos `gk orukb nhd l`ribt v`du`thng'


29/58

U`jb =8

Lhoa`bd Xb & Cnag Syrbg & O`rnd Cnyob Mdulmbrj & Cn`ggb _anrb'=551( hg tabhr stuky

a`vb sanwg tab oa`gjhgj rbd`thngsahp mbtwbbg orukb nhd prhob$ hgvbgtnrhbs `gk bxobss

prnkuothng o`pòhty' Ab `dsn tìbs hgtn òonugt tab NUBO k`t` nf prnkuothng ongsulpthng

`gk rbsbrvbs' Ab usbs Z[H prhob fnr tab stuky mut H a`vb tìbg Mrbgt fnr onlp`rhgj tab orukb

nhd prhob `gk o`pòhthbs `gk hgvbgtnry' Mut tab `g`dyshs yb`r whsb a`s k`t` nf Dhjat _wbbt

Z[H orukb nhd' Ab usbs ]`toabt bffbot tn fhgk nut tab rbd`thngsahp nr trbgk nvbr yb`rs'

C`ggb A`ppngbg =558( rbvhbwbk tab fòtnrs ta`t kbtbrlhgb tab orukb nhd prhob `gk a`s

ahstnrho`ddy `g`dyzbk orukb nhd prhobs m`sbk ng kbl`gk$ suppdy `gk rbsbrvbs 'Ab `dsn sujjbst

ta`t Orukb nhd hs `ffbotbk my NUBO rbsbrvbs'

_ahu,_abgj Oabg =558( a`s stukhbk hgfd`thng`ry bffbots nf orukb nhd hg hts prhohgj `gk ahs

rbsb`roa prnvbs ta`t gn onrrbd`thng mbtwbbg tab orukb nhd prhob `gk hts hgfd`thng' Fnr tahs ab

usbs @KF lbtank `gk tabg Uahdhps Ubrrng lbtank tn kn tab ught rnnt tbst `gk oaboi ta`t tab

k`t` hs st`thng`ry `gk tabg ab `ppdhbs struotur`d V@] wahoa sanws vbry dnw onrrbd`thng

rbjrbsshng onbffhohbgt'

C`g Mbgtzbg =55:( a`s hgvbsthj`tbk ta`t NUBO hgfdubgobs tab orukb nhd prhob `gk fnr ta`t ab

a`s tìbg orukb nhd prhobs fnr mnta Mrbgt `gk Z[H `gk abgob ab usbs @KF st`thstho`d tnnd `gk

KF,JD_ tn oaboi ta`t k`t` hs st`thng`ry `gk tn kn tab ught rnnt tbst `gk tabg `ppdhbk VBOL

lnkbd tn fhgk nut onrrbd`thng mbtwbbg tab NUBO `gk orukb nhd prhob `gk abgob ahs stuky

sanws ta`t NUBO knbs hgfdubgob tab orukb nhd prhob'

Abgob my ushgj suoa dhtbr`turbs H a`vb tìbg l`gy v`rh`mdbs fnr wahoa H a`vb kngb tab [hlb

_brhbs @g`dyshs `gk hg ta`t H a`vb kngb tab @KF tbst `gk VBOL lnkbd' V`rh`mdbs `rb `s

fnddnws3

Kbpbgkbgt V`rh`mdb Orukb Nhd Urhob M]BG[ Hgkbpbgkbgt V`rh`mdb

Hgkh`g Orukb nhd prnkuothng Hgkh`g Orukb nhd ongsulpthng Hgkh`g Orukb nhd hlpnrts Znrdk Orukb nhd prnkuothng Znrdk Orukb nhd ongsulpthng


30/58

U`jb ?5

NUBO nhd rbsbrvbs@gk m`sbk ng tabsb v`rh`mdbs H a`vb `ppdhbk tnnds whta abdp nf _[@[@ 01 v0='

]B_B@]OA KB_HJG

[ab typb nf rbsb`roa kbshjg usbk hg tahs rbsb`roa prncbot hs Oùs`d rbsb`roa

kbshjg'

Hf tab nmcbothvb hs tn kbtbrlhgb wahoa v`rh`mdb lhjat mb oùshgj obrt`hg mba`vhnr$ h'b' wabtabr

tabrb hs ` oùsb `gk bffbot rbd`thngsahp mbtwbbg v`rh`mdbs$ oùs`d rbsb`roa lust mb

ugkbrtìbg' Hg nrkbr tn kbtbrlhgb oùs`dhty$ ht hs hlpnrt`gt tn andk tab v`rh`mdb ta`t hs

`ssulbk tn oùsb tab oa`gjb hg tab ntabr v`rh`mdbs( ongst`gt `gk tabg lb`surb tab oa`gjbs

hg tab ntabr v`rh`mdbs('

K@[@ ONDDBO[HNG

[ab lbtank nf k`t` onddbothng usbk hg tahs rbsb`roa rbpnrt hs _bongk`ry K`t`'

Orukb Nhd k`t` o`g mb fnugk l`gy pdòbs dhib LOQ wbmshtb `gk l`gy ntabr nrj`ghz`thngs

ta`t ibbp tab st`thsthos nf bgbrjy' Mut jbtthgj k`t` frnl tabrb hs ` dhlht`thng abgob fnr tab

jr`pa `g`dyshs H a`vb tìbg k`t` frnl LOQ wbmshtb fnr Orukb Nhd l`ribt prhob `gk whta ta`t

k`t` H a`vb l`kb tab `g`dyshs m`sbk ng jr`pa ng tab thlb dhgb =556,=500 orukb nhd spnt prhob'

[abg fnr tab Orukb nhd prhob onlp`rhsng frnl tab Hgkh`g prnkuothng$ ongsulpthng$ hlpnrts$

wnrdk prnkuothng$ `gk ongsulpthng`dd hg [anus`gk m`rrbd.k`y($ Mrbgt orukb nhd prhob hg

kndd`rs( frnl hgkbx lugkh'onl08 ta`t a`s prnvhkbk lb k`t` frnl 0886,=500' @s tab Orukb

Nhd Urhob w`s hg kndd`rs sn H a`vb tìbg tab `vbr`jb prhob nf tab kndd`r hg bòa yb`r `gk

ongvbrtbk tab prhob hg Hgkh`g ]upbb `gk NUBO rbsbrvbs k`t` a`s mbbg tìbg frnl MU

st`thstho`d rbvhbw=5 =500'

01_t`t` hs ` jbgbr`d,purpnsb st`thstho`d snftw`rb pòi`jb orb`tbk hg 0812 my _t`tÒnrp

08Hgkbx lugkh hs ` wbmshtb ta`t prnvhkbs wnrdkwhkb k`t`' [ahs shtb ongt`hgs kbt`hdbk onugtry st`thsthos$ oa`rts$

`gk l`ps onlphdbk frnl ludthpdb snurobs'=5 MU hs ngb nf tab wnrdk*s db`khgj hgtbrg`thng`d nhd `gk j`s onlp`ghbs$ onlbs nut whta hts `ggu`d rbvhbw nf

bgbrjy sbotnr'
http://en.wikipedia.org/wiki/Statisticshttp://en.wikipedia.org/wiki/StataCorphttp://en.wikipedia.org/wiki/StataCorphttp://en.wikipedia.org/wiki/Statistics


31/58

U`jb ?0

K`t` onddbothng w`s gnt `g b`sy p`rt `s tab k`t` hs gnt `v`hd`mdb frbbdy fnr mbttbr

ugkbrst`gkhgj lngtady k`t` hs gbbkbk mut tab k`t` w`s gnt b`shdy `v`hd`mdb sn H a`vb tìbg

yb`rdy k`t` fnr `dd tab v`rh`mdbs'

K@[@ @G@DX_H_

K`t` `g`dyshs hs kngb hg twn p`rts3

Ngb hs m`sbk ng tab Hgkh`g orukb nhd prhob frnl =556,=500 m`sbk ng tab prhob `gkl`ribt bvbgts g`thng`ddy `gk hgtbrg`thng`ddy' Ht hs kngb tabnrbtho`ddy cust tn sanw tab

trbgk nf tab orukb nhd prhob' K`t` tìbg hs lngtady frnl loxhgkh`'nrj spnt l`ribt

prhob' K`t` prnvhkbk tabrb w`s hg k`hdy m`shs H a`vb tìb g `vbr`jb prhob fnr lngtas

`gk tabg pdnttbk tab k`t`'

_bongk tab k`t` `g`dyshs hs kngb fnr `ppdyhgj tab st`thstho`d tnnd `gk fhgks tabonrrbd`thng `gk abgob tab k`t` hs tìbg frnl v`rhnus snurobs fnr tab Mrbgt orukb Nhd

yb`rdy `gk hts Hgkh`g ongsulpthng prnkuothng hlpnrts `gk wnrdk orukb nhd prnkuothngongsulpthng `gk NUBO rbsbrvbs'


32/58

U`jb ?=

K@[@ @G@DX_H_ FH]_[ U@][

Hgfbrbgob3

Orukb nhd ta`t cust mbdnw ?555 sanws lnvblbgt frnl ?255 tn =:25 `gk `t tab bgk htbgks dnwbr ta`g tab npbghgj'

Orukb Nhd hlpnrts hg Hgkh` hgorb`sbk my 05" `gk tab Ongsulpthng hg tab wnrdk `dsnhgorb`sbk abgob sanwhgj ta`t tabrb w`s dnt nf kbl`gk hg tab l`ribts g`thng`ddy `gk

hgtbrg`thng`ddy'

Bvbg tab prhob nf orukb nhd hg fnrbhjg l`ribt sannts up tn knumdb frnl +?1'=8.m`rrbdhg =55; tn +62'?8.m`rrbd'


33/58

U`jb ??

Hgfbrbgob3

Orukb nhd npbgs mbdnw =255 `gk rhsbs sa`rpdy tarnujanut tab yb`r t`ihgj ht up `gk`mnvb ?255 wahoa l`ris tab rhshgj prhob nf orukb nhd mbfnrb =551'

Hgkh`g prnkuothng w`s dbss abgob dbss suppdy frnl knlbstho l`ribt `j`hg db`khgj tnahja hlpnrts frnl fnrbhjg l`ribt `gk tab hgorb`sb hg kbl`gk

[anuja wnrdk prnkuothng kborb`sbk l`rjhg`ddy mut NUBO nhd rbsbrvbs hgorb`sbk' @t tahs lnlbgt Hgkh`g l`ribt w`s `ffbotbk my ahja kbl`gk hg tab knlbstho l`ribt'


34/58

U`jb ?;

Hgfbrbgob3

Vbry aujb `gk k`gjbrnus lnvblbgt o`g mb sbbg abrb `s nhd npbgs `mnvb ]s ?255 `gkjnbs up tn ]s 2:55 `gk tabg f`dds sa`rpdy `gk jnbs knwg thdd =555 wahoa l`ris anw

rhsiy Orukb nhd prhob mbo`lb fnr hgvbstlbgt `gk fnr onugtrhbs'

Kr`l`tho yb`r fnr orukb nhd wahoa s`w r`phk rhsb `gk f`dd tarnujanut tab yb`r `s wbo`g sbb tab a`df yb`r s`w tab rhsb hg prhob `gk tabg hg d`tbr a`df f`dd nf orukb nhd frnl

]s 2:55 tn ]s =555'

Jrnwta hg knlbstho prnkuothng wbgt gbj`thvb$ sdhjat hgorb`sb hg hlpnrts dbss kbl`gk' Jrnwta hg Znrdk prnkuothng gbj`thvb `gk ongsulpthng `dsn kborb`sbk `gk abgob tab

kbbp f`dd nf orukb nhd hg tab l`ribt'


35/58

U`jb ?2

Hgfbrbgob3

Orukb nhd `j`hg npbgbk `t vbry dnw mut tahs yb`r s`w tab orukb nhd prhob rhshgj `gktabg st`mhdhzhgj d`tbr mbtwbbg ]s ?555 tn ]s ?255'

L`ribt tryhgj tn st`mhdhzb `t hts prhob gb`r ]s ?555.m`rrbd' Ongsulpthng hg knlbstho l`ribt hgorb`sbk `gk prnkuothng kborb`sbk `j`hg hlpnrts

frnl nutshkb'

Znrdk prnkuothng `gk ongsulpthng kborb`sbk mut prnkuothng kborb`sb `t luoaahjabr r`tb ta`g ongsulpthng abgob fhg`ddy t`ihgj tab l`ribt up'


36/58

U`jb ?6

Hgfbrbgob3

Orukb nhd sanws lnvblbgt up `gk knwg l`ihgj ht vbry vnd`thdb prhob jnbs up tn ]s?155 `gk tabg ]s ?;55 `gk tabg fhg`ddy jnhgj up tn ]s ;=55'

Hgkh`g prnkuothng hgorb`sbk `t luoa ahjabr r`tb ta`g ongsulpthng' Bvbg hg tab Hgtbrg`thng`d l`ribt tab wnrdk prnkuothng `gk ongsulpthng sant up `gk

abgob hgorb`shgj tab rbsbrvbs nf NUBO

@ trbgk tn mb gntbk ta`t hg =55:$ =558$ =505 tab orukb nhd prhob rhsbs hg whgtbr sb`sngsanwhgj tab hgorb`sbk kbl`gk hg tab l`ribt nf Orukb nhd'


37/58

U`jb ?:

Hgfbrbgob3

@j`hg ` vbry vnd`thdb yb`r sanwhgj up `gk knwg nf ]s 0555 pnhgts mbtwbbg tab FBM,@U] `gk tabg @U],@RJ gk tabg `g up lnvblbgt nf ]s 0255 frnl @RJ, KBO

Ongsulpthng kborb`sbk `gk prnkuothng `gk hlpnrts rnsb' Znrdk prnkuothng rbl`hgbk s`lb mut ongsulpthng hgorb`sbk ab`vhdy abgob t`ihgj tab

prhob up'

@j`hg fnddnwhgj tab trbgk nf prhob rhsb `t tab d`tbr a`df nr hg whgtbr sb`sng'


38/58

U`jb ?1

0255

=255

?255

;255

2255

C`g,56

@uj,56

L`r,5:

Not,5:

L`y,51

Kbo,51

Cud,58

Fbm,05

_bp,05

@pr,00

Gnv,00

U]HOB

U]HOB

Nvbr`dd prhob oa`gjb o`g mb sbbg tab rhsb `gk f`dd nf prhob


39/58

U`jb ?8

K@[@ @G@DX_H_ U@][ [ZN

Hg tahs p`rt tab _[@[@ v0= hs usbk fhrst nf `dd tab K`t` ta`t wb a`vb a`s hs rbprbsbgtbk abrb `s

fnddnws3

yb`r HO HU HH ZU ZO N] MONH

0882 02:;'6: :5?';2 2;6'1; 288;8'65 :5586'25 05::2='82 28:':0

0886 0615'8= 620'5= 6:6'=: 60=1='62 :0616'15 005=:='08 :=6'=6

088: 0:62';8 6:;'6= 6:='81 6??0:'6: :?;;:'86 00081=':; 682'?6

0881 01;;'?: 660';= ::?':= 6;;61'=0 :;05='65 00=:25'18 2=2'8;

0888 =5?0'=2 62='66 1:?'11 6??=='?8 :2162'05 00?86='21 :6?'?=

=555 =0=:';; 6;6'?; 0??6'1= 66=6?'11 :6::1'2= 006?8='02 0=:;'0:

=550 =01?':? 6;=';5 02:;'0= 621;8'82 ::252'11 00:081'?: 002;'8?

=55= ==6?';; 66;':2 0658':1 6;8;;':8 :1028'?1 0=?:;5';8 0=0?';0

=55? =?;6'?? 665'5? 0:11'61 6:=6:'0; :8:56'?6 0=;8;5'=? 0?;2'8;

=55; =;=8'6= 61?'00 0800'81 :522:'50 1=222'=1 0=2161'60 0:??'55

=552 =20=';? 66;'66 08?1'01 :0815'8; 1;51;'66 0=:58='11 =?8:'6;

=556 =685'85 611'60 =026'55 :01;6'05 120?5'2= 0=1=?8'56 =821'88

=55: =155':2 68:'2? =;0='=: :0?2;'08 1215?'58 0?561?'8: =886';8

=551 =85:'62 68?':0 =226'68 :=020'60 12;??'18 0;58?2'?; ;=;;';:

=558 ?55:'88 615';? =:61';; :5151'28 1;2:;';2 0;6?11'?2 =880':?

=505 ?006'== :20'?5 ?52:'6? :=6?0'?: 1682=';: 02885:'20 ?6;5'0;

=500 ??55'55 :1='?; ?;;;'== :=111'65 18=55'55 06?1:8'50 20:6'8;

HO$ HU$ HH$ ZU$ ZO$ N] hs hg [anus`gk m`rrbd.k`y

HO


40/58

U`jb ;5

[ab J]@UA sanwhgj tab MONH v`dubs nvbr thlb

[abg tn usb _[@[@ H ongvbrtbk tab k`t` hgtn s`lb dnj `gk tabg usbk tab k`t` hg bxobd `gk

ongvbrtbk tn s`lb ught dnj my ushgj fugothng o`ddbk G`tur`d Dnj`rhtal DG Ygulmbr\('

[abg tab _[@[@ snftw`rb hs usbk tn `ppdy tab [hlb sbrhbs `gk kbod`rbk tab k`t` `s Xb`rs

`gk tabg rug tab [B_[ NF RGH[ ]NN[ tn fhgk tab d`j

D@J fnugk `rb `s fnddnws

MONH < 5HO < 5

HU < 5

HH < 6

ZU < 5

ZO < 6

N] < 5


41/58

U`jb ;0

[ahs d`j hs usbk tn rug @KF tnnd tab tbst nf oaboihgj tab v`dubs `rb st`thng`ry nr gnt'

@KF tbst fnugk ta`t3

MONH < _t`thng`ry

HO < _t`thng`ry

HU < _t`thng`ry

HH < Gng _t`thng`ry

ZU < _t`thng`ry

ZO < Gng _t`thng`ry

N] < _t`thng`ry

[abg tab VBOL lnkbd hs usbk hg `dd tab v`rh`mdbs tn fhgk tab on hgtbjr`thng mbtwbbg tabl

Abgob tab k`t` fnugk `rb `s fnddnws

V@]H@MDB_ U v`dub On hgtbjr`thng ]bsudt

MONHHO 7 5'52 Gnt On hgtbjr`tbk

MONHHU 4 5'52 On hgtbjr`tbk

MONHHH 4 5'52 On hgtbjr`tbk

MONHZO 7 5'52 Gnt On hgtbjr`tbk

MONHZU 7 5'52 Gnt On hgtbjr`tbk

MONHN] 7 5'52 Gnt On hgtbjr`tbk

[ahs sanws ta`t tabrb hs gn odb`r on hgtbjr`thng mbtwbbg orukb nhd prhob `gk Hgkh`g

ongsulpthng$ wnrdk Ongsulpthng$ wnrdk prnkuothng$ NUBO rbsbrvbs `gk `dsn tab Hgkh`g

prnkuothng `gk Hgkh`g Hlpnrts' [`mdbs `rb sanwg `t tab d`st'


42/58

U`jb ;=

FHG@D HGFB]BGOB @GK FHGKHGJ

[ab stuky sanws ta`t fugk`lbgt`ddy tab prhob nf Orukb nhd hs `ffbotbk my `dd tabfòtnrs ta`t `rb tìbg hg tab stuky'

[ab k`t` `g`dyzbk my ushgj VBOL sanws ta`t ngdy Hgkh`g Urnkuothng `gk hlpnrts `rbon hgtbjr`tbk `gk ntabrs `s dbss on hgtbjr`tbk'

[ab tbst sanws ta`t tab fòtnrs `rb gnt luoa on hgtbjr`tbk sanwhgj tab hlpnrt`gob nftab ntabr fòtnrs ta`t `rb gnt tìbg hg tab stuky'

[ab rbsudts kn gnt l`toa onlpdbtbdy whta tab dhtbr`turb `s hg khffbrbgt dhtbr`turbs tabya`vb tìbg luoa lnrb fòtnrs fnr wahoa k`t` wbrb gnt `v`hd`mdb'

[ab fòtnrs dhib Hgkh`g Urnkuothng `gk Hlpnrts ta`t `rb on hgtbjr`thgj l`toa whta tabdhtbr`turb abgob sanwhgj ta`t tabsb fòtnrs `ffbot tab prhohgj nf orukb nhd'


43/58

U`jb ;?

DHLH[@[HNG_ NF [AB _[RKX

[ahs stuky hs ` mrn`k rbvhbw nf fòtnrs surrnugkhgj nhd prhobs `gk taus knbs gnt jn hg,kbpta tn l`gy nf tab fòtnrs' Ngb sanudk blpa`shzb ng `dd tab fòtnrs

Zahdb `g`dyzhgj tab prhobs H fnous lnstdy ng fugk`lbgt`d ongobpts' _nlb ongobptssuoa `s suppdy sanois `rb gnt ongshkbrbk'

Ly `g`dyshs fnousbs ng Hgkh`g orukb nhd prhobs ta`t `rb ngdy Mrbgt Orukb Nhd$ tausprhobs nf rbfhgbk nhd prnkuots `rb gnt `g`dyzbk khrbotdy$ mut ngdy tarnuja tab kbl`gk

taby rbfdbot ng orukb nhd'

Bvbg t`x`thng nr `ddnw`gobs ta`t bffbot Urhohgj nf nhd hs `dsn dbft nut tn ibbp tab stukyhg rb`sng'

Hgfnrl`thng `mnut prnkuothng onsts$ kbt`hdbk prnkuothng gulmbrs$ `gk NUBO quntònlpdh`gob wbrb gnt `v`hd`mdb taus dhlhthgj gulbrho`d `g`dyshs'

Fhgkhgj tab k`t` hs `dsn ` dhlht`thng `s k`t` fnr Mrbgt orukb nhd hg ludth onllnkhtybxoa`gjb w`s `v`hd`mdb ngdy frnl yb`r =552 `gk ly stuky hs m`sbk ng 0882,


44/58

U`jb ;;

OA@U[B] 2


45/58

U`jb ;2

]BONLLBGK@[HNG_

Fugk`lbgt`d `g`dyshs sanws ta`t tabrb `rb sb`sng`d trbgks ta`t tab orukb nhd prhob jnbsup hg tab d`ttbr a`df nf yb`r kurhgj whgtbr thlb kub tn aujb kbl`gk abgob tab hgvbstnrs

o`g fnous ng suoa trbgk'

Ourrbgt l`ribt sanws ta`t tabrb hs ` kborb`sb hg orukb nhd l`ribt abgob tab prhob whddjn up hg gb`r `s wb jn tn d`ttbr a`df nf tab yb`r'

[ab `g`dyshs ng orukb nhd sanws ta`t tab orukb nhd hg onllnkhty l`ribt hs gnt onhgtbjr`tbk whta tab Hgkh`g ongsulpthng nr wnrdk ongsulpthng `gk prnkuothng abgob

hg ` l`ribt orukb nhd `ffbotbk my lnrb f`otnrs wahoa `rb gnt hgodukbk hg tab stuky kub

tn k`t` dhlht`thng snlb nf tabl `rb hgfd`thng`ry `ffbots `gk kbl`gk suppdy sanoi'

[ab onst nf prnkuothng `gk hlpnrts hg Hgkh`g l`ribt `ffbots tab prhob abgob sanwhgjta`t tab l`ribt hs sbgshthvb tn tab hlpnrts$ tab l`hg l`ribt fnr Hgkh`g hlpnrts ta`t

onlbs hg Hgkh`g M`sibt hs Kum`h$ _hgj`pnrb `gk judf onugtrhbs dhib Hr`g'

Ourrbgt vnd`thdhty hg Hgtbrg`thng`d l`ribts dhib Burnpb `gk Hgkh`g l`ribts sanwswb`i bongnlhbs a`vb sarhgibk tab kbl`gk `gk abgob wb o`g anpb fnr tab prhob rhsb

hg futurb'

[ab oa`gjb nf p`ylbgt lboa`ghsl hg tab tr`kb nf Orukb nhd whta Hr`g hs `dsn `ffbothgjtab orukb nhd prhohgj


46/58

U`jb ;6

LX DB@]GHGJ_

Onlp`gy fnousbk ng prnvhkhgj db`rghgj ng anw tn kn Fugk`lbgt`d `gk [boagho`d@g`dyshs nf Onllnkhthbs hg Onllnkhty L`ribt

H db`rgbk tab Fugk`lbgt`d @g`dyshs hs gbobss`ry tn cukjb tab mba`vhnr nf hgvbstnrs `stab hgvbstnrs m`sb sbgthlbgts `rb `ffbotbk my tab gbws taby jbt my tab bgvhrnglbgt'

H a`vb `dsn db`rgbk tab khffbrbgt tab [boagho`d @g`dyshs nf onllnkhthbs$ snlb nf tab`rb Lnvhgj @vbr`jb Ongvbrjbgob Khvbrjbgob$ ]_H$ _tnoa`stho$ @kv`gob Kbodhgb$

K`hdy Lnvhgj @vbr`jb `gk Bxpngbgth`d Lnvhgj @vbr`jb'

[ab onllnkhthbs ta`t wbrb fnousbk wbrb tab Jndk$ _hdvbr$ Onppbr$ Orukb Nhd$@dulhgul$ Ghoibd `gk Shgo'

[abg H `dsn mrnujat mushgbss fnr tab onlp`gy `gk ta`t `dsn `lnugtbk my lydb`rghgjs `s H a`k tn lbbt hgvbstnrs `gk tabg tbdd tabl `mnut onlp`gy `gk tab

onllnkhty l`ribt'

Ly lbgtnr j`vb lb ` wnri `s [b`l L`g`jbr tn `sshst tab uponlhgj hgtbrgs fnr tabFugk`lbgt`d `gk [boagho`d @g`dyshs `gk Onllnkhthbs'

Hg tab nrj`ghz`thng H w`s jhvbg ` tbrlhg`d tn tr`kb hg tab l`ribt wahoa `dsn j`vb lbpr`otho`d ignwdbkjb nf anw tab stnoi l`ribt `gk onllnkhty l`ribt wnris `gk anw

tab tr`kb a`ppbgs'


47/58

U`jb ;:

MHMDHNJ]@UAX

Ibshoih$ F'$ ]bllb$ R'$ Mdbsd L'$ Fàd R'$ Vn @' =558(' [ab tahrk nhd prhob surjb Za`t hs khffbrbgt tahs thlb `gk wa`t `rb pnsshmdb futurb nhd prhob kbvbdnplbgts'

Rghvbrshtt _tuttj`rt Hgsthtut fr Bgbrjhbwhrtsoa`ft ugk ]`thngbddb Bgbrjhb`gwbgkugj

Mbgtzbg$ C`g =55:(' Knbs NUBO hgfdubgob orukb nhd prhobs> [bsthgj fnr on,lnvblbgts `gk oùs`dhty mbtwbbg rbjhng`d orukb nhd prhobs' @ppdhbk Bongnlhos'

Kbp`rtlbgt nf Bongnlhos$ @`raus _oannd nf Mushgbss$ Rghvbrshty nf @`raus$

_hdibmnrjvbc =$ KI, 1555 @`raus O$ Kbgl`ri' ?80?:2,0?12(

A`lhdtng$ C`lbs'K =551(' Rgkbrst`gkhgj Orukb Nhd Urhobs' Kbp`rtlbgt nfBongnlhos $Rghvbrshty nf O`dhfnrgh`$ _`g Khbjn

F`ttnua$ M`ss`l =55:(' [ab Krhvbrs nf Nhd Urhobs3 [ab Rsbfudgbss `gk Dhlht`thngs nfGng, _truotur`d Lnkbd$ tab Kbl`gk_uppdy Fr`lbwnri `gk Hgfnrl`d @pprnòabs'

Kbp`rtlbgt nf Fhg`goh`d `gk L`g`jblbgt _tukhbs$ _N@_ Rghvbrshty nf Dngkng

Z`gj$ S =55?(' Abkngho prhobs fnr orukb nhd' Kbp`rtlbgt nf Bongnlhos$ Lng`saRghvbrshty$ @ustr`dh`' 0512:,160(

A`ppngbg$ C`ggb =558(' @ ]bvhbw nf Fòtnrs Kbtbrlhghgj Orukb Nhd Urhobs'ABD_HGIH _OANND NF BONGNLHO_ Kbp rtlbgt nf Bongnlhos'

Xb$ Lhoa`bd & Syrbg$ Cnag & Mdulmbrj$ O`rnd Cnyob & _anrb$ Cn`ggb =551(' @_anrt,]ug Orukb Nhd Urhob Fnrbo`st Lnkbd whta ]`toabt Bffbot' _prhgjbr

Ondbl`g$ Dbs' =500(' Bxpd`hghgj orukb nhd prhobs ushgj fugk`lbgt`d lb`surbs'Bgbrjy Undhoy,BD_BVHB]

Oabg$ _ahu,_abgj' =558(' ]bvhshthgj tab Hgfd`thng`ry Bffbots nf Nhd Urhobs' [abBgbrjy Cnurg`d$ Vnd' ?5


48/58

U`jb ;1

Hgkbx Lugkh$ anlb nf tab Hgtbrgbt*s lnst onlpdbtb onugtry prnfhdbs'attp3..www'hgkbxlugkh'onl.onllnkhthbs.>onllnkhty


49/58

U`jb ;8

@GGBQR]B_

[@MDB_

[`mdb 03 Mrbgt Orukb Nhd Khoiby Fuddbr JD_ [bst Nf D`j

Npt D`j !Gj,Ubrrng sbq t( < 5 Yusb l`xd`j!5(\

0 ,='?== ,?'::5 ,?'06; ,='?85

= ,0'605 ,?'::5 ,='1;1 ,='56:

? ,0':81 ,?'::5 ,=':15 ,0'80?

; ,0'0=; ,?'::5 ,?'=;1 ,='066

2 ,5':8? ,?'::5 ,;'2?8 ,?'5626 ,5':?; ,?'::5 ,6'8;? ,;'1;1

: ' ,?'::5 ,05':;1 ,:':2?

Yd`js\ [bst _t`thstho V`dub V`dub V`dub

KF,JD_ tù 0" Orhtho`d 2" Orhtho`d 05" Orhtho`d

L`xd`j < : oansbg my _oawbrt orhtbrhng

KF,JD_ fnr MONH Gulmbr nf nms < 1

' kfjds MONH

[`mdbs =3 @ujlbgtbk Khoiby Fuddbr [bst fnr ught rnnt `gk oaboihgj st`thng`rhty Mrbgt Orukb

nhd

ôngs ,'51612=6 '0;61=?: ,5'28 5'262 ,';56:2;0 '=??5;11

^trbgk ,'55:8688 '502611 ,5'20 5'6=0 ,'5;=0200 '5=6=00?

D0' ,0'06??;? '=181160 ,;'50 5'55= ,0':8;82 ,'2?0:?20

MONH

K'MONH Onbf' _tk' Brr' t U7|t| Y82" Ongf' Hgtbrv`d\

LòIhggng `pprnxhl`tb p,v`dub fnr S!t( < 5'551;

S!t( ,;'50? ,;'?15 ,?'655 ,?'=;5

_t`thstho V`dub V`dub V`dub

[bst 0" Orhtho`d 2" Orhtho`d 05" Orhtho`d

Hgtbrpnd`tbk Khoiby,Fuddbr

Khoiby,Fuddbr tbst fnr ught rnnt Gulmbr nf nms < 02

' kfuddbr MONH$ trbgk rbjrbss d`js!5(

[`mdb ?3 NUBO ]bsbrvb Khoiby Fuddbr JD_ [bst nf D`j


50/58

U`jb 25


0 ,0'==8 ,?'::5 ,?'06; ,='?85

= ,0'26: ,?'::5 ,='1;1 ,='56:

? ,0'8=2 ,?'::5 ,=':15 ,0'80?

; ,0'666 ,?'::5 ,?'=;1 ,='066

2 ,5'?6= ,?'::5 ,;'2?8 ,?'562

6 ,5';;? ,?'::5 ,6'8;? ,;'1;1

: ' ,?'::5 ,05':;1 ,:':2?




KF,JD_ fnr N] Gulmbr nf nms < 1

' kfjds N]

[`mdbs ;3 @ujlbgtbk Khoiby Fuddbr [bst fnr ught rnnt `gk oaboihgj st`thng`rhty NUBO

]bsbrvbs

^ongs ,'55==5;; '50=860; ,5'0: 5'161 ,'5?5;;;8 '5=65?60

^trbgk ,'55?2680 '55068: ,='05 5'52: ,'55:=666 '5550=1;

D0' ,0'06200= '=186?:8 ,;'5= 5'55= ,0':860:1 ,'2?;5;;:

N]

K'N] Onbf' _tk' Brr' t U7|t| Y82" Ongf' Hgtbrv`d\

L`oIhggng `pprnxhl`tb p,v`dub fnr S!t( < 5'551=

S!t( ,;'5=? ,;'?15 ,?'655 ,?'=;5





' kfuddbr N]$ trbgk rbjrbss d`js!5(

[`mdb 23 Znrdk Ongsulpthng Khoiby Fuddbr JD_ [bst nf D`j


51/58

U`jb 20

Npt D`j !Gj,Ubrrng sbq t( < 6 whta ]L_B '55568=0

0 ,='??1 ,?'::5 ,?'06; ,='?85

= ,0':11 ,?'::5 ,='1;1 ,='56:

? ,='1?2 ,?'::5 ,=':15 ,0'80?

; ,='218 ,?'::5 ,?'=;1 ,='066

2 ,='?58 ,?'::5 ,;'2?8 ,?'562

6 ,0='6;= ,?'::5 ,6'8;? ,;'1;1

: ' ,?'::5 ,05':;1 ,:':2?




KF,JD_ fnr ZO Gulmbr nf nms < 1

' kfjds ZO

[`mdbs 63 @ujlbgtbk Khoiby Fuddbr [bst fnr ught rnnt `gk oaboihgj st`thng`rhty Znrdk

Ongsulpthng

^ongs ,'6165;5= 5 ' ' ' '

^trbgk '55:85=: 5 ' ' ' '

D6K' 2':8505? 5 ' ' ' '

D2K' 0='8:281 5 ' ' ' 'D;K' 08'18?11 5 ' ' ' '

D?K' =;'8:=2; 5 ' ' ' '

D=K' ?5'1=802 5 ' ' ' '

DK' ?=':=:1= 5 ' ' ' '

D0' ,?1'=6056 5 ' ' ' '

ZO

K'ZO Onbf' _tk' Brr' t U7|t| Y82" Ongf' Hgtbrv`d\

L`oIhggng `pprnxhl`tb p,v`dub fnr S!t( < 0'5555

S!t( ' ,;'?15 ,?'655 ,?'=;5




@ujlbgtbk Khoiby,Fuddbr tbst fnr ught rnnt Gulmbr nf nms < 8

' kfuddbr ZO$ trbgk rbjrbss d`js!6(

[`mdb :3 Znrdk Urnkuothng Khoiby Fuddbr JD_ [bst nf D`j


52/58

U`jb 2=


0 ,='=52 ,?'::5 ,?'06; ,='?85

= ,='61? ,?'::5 ,='1;1 ,='56:

? ,0'?=6 ,?'::5 ,=':15 ,0'80?

; ,=':5= ,?'::5 ,?'=;1 ,='066

2 ,='0=6 ,?'::5 ,;'2?8 ,?'562

6 ,5'805 ,?'::5 ,6'8;? ,;'1;1

: ' ,?'::5 ,05':;1 ,:':2?




KF,JD_ fnr ZU Gulmbr nf nms < 1

' kfjds ZU

[`mdbs 13 @ujlbgtbk Khoiby Fuddbr [bst fnr ught rnnt `gk oaboihgj st`thng`rhty Znrdk

Urnkuothng

^ongs ,'5=?;16; '50;0?60 ,0'66 5'0=? ,'52;=16= '55:?0?;

^trbgk '550==:6 '550;?2: 5'16 5';58 ,'5508552 '55;?22:

D0' ,0'06;;5= '=1;61;1 ,;'58 5'550 ,0':1;6:: ,'2;;0=:;

ZU

K'ZU Onbf' _tk' Brr' t U7|t| Y82" Ongf' Hgtbrv`d\


S!t( ,;'585 ,;'?15 ,?'655 ,?'=;5





' kfuddbr ZU$ trbgk rbjrbss d`js!5(

[`mdb 83 Hgkh`g Hlpnrts Khoiby Fuddbr JD_ [bst nf D`j


53/58

U`jb 2?

Npt D`j !Gj,Ubrrng sbq t( < 6 whta ]L_B '550?=62

0 ,0'=81 ,?'::5 ,?'06; ,='?85

= ,5'6:2 ,?'::5 ,='1;1 ,='56:

? ,0'8?6 ,?'::5 ,=':15 ,0'80?

; ,5'8:: ,?'::5 ,?'=;1 ,='066

2 ,5'22: ,?'::5 ,;'2?8 ,?'562

6 ,='581 ,?'::5 ,6'8;? ,;'1;1

: ' ,?'::5 ,05':;1 ,:':2?




KF,JD_ fnr HH Gulmbr nf nms < 1

' kfjds HH

[`mdbs 053 @ujlbgtbk Khoiby Fuddbr [bst fnr ught rnnt `gk oaboihgj st`thng`rhty Hgkh`g

Hlpnrts

^ongs '6086010 5 ' ' ' '

^trbgk ,'5=6005: 5 ' ' ' '

D6K' ,'5:::=: 5 ' ' ' '

D2K' ,'685=21= 5 ' ' ' '

D;K' ,'82:=85= 5 ' ' ' '

D?K' ,'1;6121 5 ' ' ' 'D=K' ,0':62;00 5 ' ' ' '

DK' ,='0;=668 5 ' ' ' '

D0' ?';81028 5 ' ' ' '

HH

K'HH Onbf' _tk' Brr' t U7|t| Y82" Ongf' Hgtbrv`d\


S!t( ' ,;'?15 ,?'655 ,?'=;5




@ujlbgtbk Khoiby,Fuddbr tbst fnr ught rnnt Gulmbr nf nms < 8

' kfuddbr HH$ trbgk rbjrbss d`js!6(

[`mdb 003 Hgkh`g Urnkuothng Khoiby Fuddbr JD_ [bst nf D`j


54/58

U`jb 2;


0 ,='00= ,?'::5 ,?'06; ,='?85

= ,='51: ,?'::5 ,='1;1 ,='56:

? ,5':=2 ,?'::5 ,=':15 ,0'80?

; ,5'8=0 ,?'::5 ,?'=;1 ,='066

2 ,0'=== ,?'::5 ,;'2?8 ,?'562

6 ,5'6;: ,?'::5 ,6'8;? ,;'1;1

: ' ,?'::5 ,05':;1 ,:':2?




KF,JD_ fnr HU Gulmbr nf nms < 1

' kfjds HU

[`mdbs 0=3 @ujlbgtbk Khoiby Fuddbr [bst fnr ught rnnt `gk oaboihgj st`thng`rhty Hgkh`g

Urnkuothng

^ongs '5=06?=0 '50:1:26 0'=0 5'=25 ,'50:?02; '5652:86

^trbgk ,'55;;26: '55=56== ,='06 5'52= ,'5518;88 '5555?62

D0' ,0';5?1?1 '=?5=5?: ,6'05 5'555 ,0'852;58 ,'85==6:=

HU

K'HU Onbf' _tk' Brr' t U7|t| Y82" Ongf' Hgtbrv`d\


S!t( ,6'581 ,;'?15 ,?'655 ,?'=;5

_t`thstho V`dub V`dub V`dub[bst 0" Orhtho`d 2" Orhtho`d 05" Orhtho`d



' kfuddbr HU$ trbgk rbjrbss d`js!5(

[`mdb 0?3 Hgkh`g Ongsulpthng Khoiby Fuddbr JD_ [bst nf D`j


55/58

U`jb 22


0 ,='585 ,?'::5 ,?'06; ,='?85

= ,0':16 ,?'::5 ,='1;1 ,='56:

? ,0';1; ,?'::5 ,=':15 ,0'80?

; ,0'?08 ,?'::5 ,?'=;1 ,='066

2 ,0'=;1 ,?'::5 ,;'2?8 ,?'562

6 ,5'?1: ,?'::5 ,6'8;? ,;'1;1

: ' ,?'::5 ,05':;1 ,:':2?




KF,JD_ fnr HO Gulmbr nf nms < 1

' kfjds HO

[`mdbs 0;3 @ujlbgtbk Khoiby Fuddbr [bst fnr ught rnnt `gk oaboihgj st`thng`rhty Hgkh`g

Ongsulpthng

^ongs ,'52;=;12 '5=52?21 ,='6; 5'5== ,'58188=0 ,'558252^trbgk '555806 '550=?; 5':; 5';:= ,'550::=6 '55?65;6

D0' ,0'5;=1== '?50?8;1 ,?';6 5'552 ,0'688252 ,'?160?82

HO

K'HO Onbf' _tk' Brr' t U7|t| Y82" Ongf' Hgtbrv`d\

L`oIhggng `pprnxhl`tb p,v`dub fnr S!t( < 5'5;?8

S!t( ,?';65 ,;'?15 ,?'655 ,?'=;5

_t`thstho V`dub V`dub V`dub[bst 0" Orhtho`d 2" Orhtho`d 05" Orhtho`d



' kfuddbr HO$ trbgk rbjrbss d`js!5(

Vbotnr Brrnr Onrrbothng Lnkbd

[`mdb 023Vbotnr Brrnr Onrrbothng Lnkbd fnr Mrbgt Orukb Nhd `gk Hgkh`g Ongsulpthng


56/58

U`jb 26

ôngs '55=10;: '552;65: 5'2= 5'656 ,'55:1110 '50?20:2

DK' ,'??11;06 '=;=626 ,0';5 5'06? ,'10;;?16 '0?6:222

HO

DK' '5;0;00? '5=;60:? 0'61 5'58? ,'5561?:6 '518665?

MONH

D0' ,'5110=26 '5?060:0 ,=':8 5'552 ,'02558; ,'5=602:=

ôb0

K^HO

ôngs ,'55508=: '5:?5;;: ,5'55 5'881 ,'0;??2:: '0;=8:==

DK' 2'0?;66; ?'=;2162 0'21 5'00; ,0'==:002 00';86;;

HO

DK' '=;5=85: '?=8=852 5':? 5';66 ,';520561 '112611?

MONH

D0' ,0'=168?? ';==8=?? ,?'5; 5'55= ,='0021;: ,';21501=

ôb0

K^MONH

Onbf' _tk' Brr' z U7|z| Y82" Ongf' Hgtbrv`d\

[`mdb 023Vbotnr Brrnr Onrrbothng Lnkbd fnr Mrbgt Orukb Nhd `gk Hgkh`g Urnkuothng

ôngs ,'55:::=0 '50508?= ,5':6 5';;6 ,'5=::25; '50==56=

DK' ,';8188== '=0206:1 ,='?= 5'5=5 ,'8=5:0?? ,'5::=:00

HU

DK' ,'5601=1? '5?:;:=1 ,0'62 5'588 ,'0?2=:?: '50060:

MONH

D0' '5===82? '522:2=; 5';5 5'618 ,'5168::2 '0?0261

ôb0

K^HU

ôngs ,'555000; '56??6:1 ,5'55 5'888 ,'0=;?588 '0=;51:=

DK' ,;'555?6: 0'??:6=6 ,='88 5'55? ,6'6==566 ,0'?:1668

HU

DK' '?:55881 '=?=8228 0'28 5'00= ,'516;122 '1=6612

MONH

D0' ,0'22282= '?;628;0 ,;';8 5'555 ,='=?2=6; ,'1:66?88

ôb0K^MONH


[`mdb 063Vbotnr Brrnr Onrrbothng Lnkbd fnr Mrbgt Orukb Nhd `gk Hgkh`g Hlpnrts


57/58

U`jb 2:

ôngs '555?;=: '5=:62?= 5'50 5'885 ,'52?1266 '52;2;08

DK' ,'??;886: '=05:5?2 ,0'28 5'00= ,':;:86:8 '5::8:;;

HH

DK' '?5610?6 '0586:1; ='15 5'552 '5801;:1 '2=0::8?MONH

D0' ,'?0=?806 '06152=0 ,0'16 5'56? ,'6;0:6:1 '50681;2

ôb0

K^HH

ôngs ,'5555626 '5662=2: ,5'55 5'888 ,'0?5;2?6 '0?5?==;

DK' '6802?62 '25618=6 0'?6 5'0:= ,'?5082;: 0'6125=1

HH

DK' '?1;?0?? '=6?1220 0';6 5'0;2 ,'0?=1??0 '850;281

MONH

D0' ,0'6?=55? ';5;=126 ,;'5; 5'555 ,=';=;?11 ,'1?860:?

ôb0

K^MONH


[`mdb 0:3Vbotnr Brrnr Onrrbothng Lnkbd fnr Mrbgt Orukb Nhd `gk Znrdk Urnkuothng

ôngs '55=8;22 '5511018 5'?? 5':?1 ,'50;??8= '5=5=?5=

DK' ,'2;0:2=2 '=8?5:;8 ,0'12 5'562 ,0'006068 '5?=66?1

ZU

DK' '5;:;02 '5?1?210 0'=; 5'=06 ,'5=::626 '0==2826

MONH

D0' ,'5210122 '5285;?2 ,5'88 5'?=; ,'0:?851: '52:2?:6

ôb0

K^ZU

ôngs ,'555050? '56;?:=? ,5'55 5'888 ,'0=6=616 '0=6566

DK' ,?'5:52=: ='0?8=21 ,0';; 5'020 ,:'=6??86 0'0==?;?

ZU

DK' '226110= '=:8818: 0'88 5'5;: '551000; 0'052620

MONH

D0' ,0'680100 ';?58:86 ,?'8? 5'555 ,='2?6202 ,'1;:056=

ôb0

K^MONH


[`mdb 013Vbotnr Brrnr Onrrbothng Lnkbd fnr Mrbgt Orukb Nhd `gk NUBO ]bsbrvbs


58/58

ôngs ,'55?6086 '556:126 ,5'2? 5'28; ,'506808 '5586:88

DK' ,';8;0?56 '=16:56? ,0':= 5'512 ,0'526562 '56:15?;

N]

DK' ,'52?:86= '5?0;=21 ,0':0 5'51: ,'002?182 '55::8:=MONH

D0' '5=250?0 '5;?65=1 5'2: 5'266 ,'565;;61 '005;:?0

ôb0

K^N]

ôngs ,'5555252 '521808; ,5'55 5'888 ,'0022?5; '002;=8;

DK' ,;'00?562 =';18;8 ,0'62 5'581 ,1'88=?:6 ':66=;26

N]

DK' ':?61;82 '=:=1:= =':5 5'55: '=5=5?50 0'=:0668

MONH

D0' ,0':8;06= '?:16560 ,;':; 5'555 ,='2?6=06 ,0'52=05:

ôb0

K^MONH


ôngs '5556=5= '55?2;11 5'0: 5'160 ,'556??2; '55:2:2:

DK' ,'0:8::8; '?5661; ,5'28 5'221 ,':15168 ';=0?05?

ZO

DK' '5512;:? '5012?=2 5';6 5'6;2 ,'5=:::21 '5;;1:5?

MONH

D0' ,'5;2?50; '5=20088 ,0'15 5'5:0 ,'58;2?2; '55?8?=:

ôb0

K^ZO

ôngs ,'555501= '566?256 ,5'55 0'555 ,'0?556? '0?55=66

DK' ;'61==8 2':??856 5'1= 5';0; ,6'222828 02'8=52;

ZO

DK' '?561;;; '?;6;808 5'18 5'?:6 ,'?:==6:? '8128260

MONH

D0' ,0'2;=282 ';6862=8 ,?'=1 5'550 ,=';6?581 ,'6==58=6

ôb0

K^MONH


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