npn/io>KeHMe KBM roflMUJHHfl tfjMHancoB OTHGT Ha Et/irapcKaHaqnoHa/iHa AcoqwaunH no Kopa6ocrpoeHe n Kopa6opeMOHT

sa 201 Or.(npedcmaejixea nepasdefina vacm om soduiunua qbuwawcoe o/nvem sa 2010s.)

OnoeecTflBaHe Ha CHeroBOflHara nojiiiTMKa M 6ene>KKM KtM cpwHaHcoBvm OTHST

Cflpy>KeHne ,,B"b/rrapCKa HaMHOHa/ina AcounaL{M* no KopaSoCTpoene H KopaSopewoHT" e CbC ceflanmije naflpec na ynpasnenMe rp.BapHa, yji."flpT=3Kn" 8. Cflpy>KeHneTO e ynpefleno Ha 28.04.2009r. MjieHOse B

ca: KopaSocrpoMTe/iHM M Kopa6opeMOHTHM aasoflM, saeoflw sa KopaSno MawMHOCTpoene MKnacncpHKaqwoHHM M npoe«raHTCKM opraHH3aLinn M HayMHM HHCTMTyrn. Cflpy>KeHneTo ce

or npe.ace.qaTe/ia Ha VnpaBMTenHMfl cteer - CBernnH CionHOB.

B Peny6nnKal ennre Ha AGO MM a LI Mara ca:

• fla noflnoMara pasBMTweTO na Kopa6ocrponTenHara M KOpaSopeMOHTHaraBtjirapwa M CB-bpaaHMte c nea fle^nocTH.

• fla npeflCTaBnaea, B paMKHie na npeflocTaeeHMTe v\ ycraea na BHAKK npaBOMOLqna, H fido6u|HTe HHiepecH Ha MTieHOBere en npefl fltpxasHnre M MecTHnre oprann M

B CTpanaia; B CESA /OSujHOCT Ha acoMnaunnre na esponePicKMTeH KOpaSopeMOHTHH 33BOflH/ H flpyrM M6>KflyHapOflHM

na flertnocT na AcoMHai-iMflTa e;1. PasBHBane na uncpopMai-iMOHHa flewHocr B HHtepec na MneHosere CM B cneflHure

• a) iwe>KflyHapoAHM craHflaprn:• 6) eflMHHa 6aaa flaHHM sa Kopa6ho oSopyflsaHe, nsfle/iMa, npoHSBOflnrejiM, nasapn v\M

• B) HayHHO-rexHMHecKa MHCpopwaqMn v\.2. PaspaSoTBane M ynacrne B wexviynapoflHH npoeKTM, HacoMenw KtM ocHOBHure rpynH - KOpaSocrpoeHe,KOpaSopewoHT, K0pa6no MaLUMHocrpoeHe, MscneflOBare/iCKa v\a fleMHOcr,3. BHeflpaBane na GAHHHM Hpasw^a, ciaHflap™, HopMaiMBH M yiBtpfleHH floSpw npaicrnKM BoSnacTM - CHCT6MM sa aBTOMaTMsaqufl Ha ynpaB/ieHCKara H/IM nponasoflCTBeHaTa flei/tHOcr,4. OSeAHHHBane ycn/inaTa no onpefle/ienn flocraBKM H TexHOJiornn, c ornefl nociMraHe Ha flo6pnnpM aaKynysane5. OpraHMsupaHe na yMacTMa na MJieHOsere na AcounauMflTa B MexviynapoflHH nananpn n nsno>KeHMa, BoSjiacrra na KopaSocTpoeHero, KopaSopewoHTa n CBtpsaHnre c rax

Pipes 2010r. M 2009r. n cpMHancoB orneT - 31.12.10r. - B cflpy>KeHHero eflarara Ha

cpHnancoB OTH6T ce OTHacfi sa OTfle/iHo npeflnpMflTHe - BtnrapCKa HaLtnonanHa AcounaMna noKopa6ocrpoeHe H KopaSopeMOHT (a He sa rpyna or npeflnpMHTHfl) H e sa nepnofla 28.04.2009r. -31.12.2009r. C ornefl yHpeflaBanero na Cflpy>KeHnero npea 2009r. B oiMera v\ HacTOflLHOTO npunoKentieKtM Hero ne e nocoMBana HHCpopiwauna 3a npeflxoflen nepnofl. HsrorBen e Ha 27. 01. 201 Or. OT,,Bn3HecXenn"OOfl, rp.Bapna, y/i."fOpMM BenenHH" 18, an. 9 - CMeroBOflno npeflnpnarne, npeflCTaerTPBaHO OT ynpasmenaBepa KupM^osa - Bts ocHosa na cxnioHeH etc Cflpy^eHHeTo florosop.

Ba^yrara, B KO??TO e nsrorseH HacTonLiiMaT cpMHancoe omer, e St^rapcKH nesa, saKpbr^enn KT=MB crania "flpyrw peaepsn" or nacusa na Sajianca ce nocoHBa cyMara na pesy/iiara or HecronaHCKaraAewHocT, orpasena B orqera sa npuxo^MTe M pasxoflMre.Rpn nsBtpLUBane na cronancKa fleMHOcr B OTHera 33 npuxoflme H pasxoflme na orfle/ien pefl ce

\i\rn sarySara or rasw

1.O6uui nonojKeHHn Ha npMJiaraHara CMeroBOflHara noJiHTma.1.1. 3a nsroTeane na cpunaHcoBMTe CM orneTM CApy>KeHMero npwnara HC^OMCfl.OHH3HCOBMTe OTH6TM C6 M3rOTB?fT npM Cna3B3He H3 npHHMMHa H3 MCTOpHH6CKaTa M6H3, MOflMCpMLJHpaH B

c/iynaM c npeoqeHKara na H?IKOH aKTMBM v\M no Taxnara cnpaseA/iMBa CTOMHOCT,CTOMHOCT M nerna peanM3MpyeMa CTOHHOCT, Kaicro e npeflcraseHo no - flony B HacronLijoTo

1.2.flpn npHnaranero na CMeroBOflHara nonMTMKa ne eflasano npeflMMCTBO Ha HHKOM CHeroeoflHHcpefl per/iaweHTupaHUTe etc SaKona sa cneTOBOflCTBOTo npefl Apy"M, Kaicro M He e flonycKano orKjioneHMe or

1

TflX.

1.3. Pipes Te«yR|Mfl OTHereH nepnofl He ca npaeeHH npowenn BBB BtanpneraTara CHeroBOflHaraCflpy>KeHneTO npeflnpnewa npowflna B npn^araHara CHerosoflHa nonMTMKa, caiwo aKo rosa ce MSMCKsa no33KOH MUM or flpyra MHCTMTyMMfl, pernaMeHTupama CMeTOBOAHMte ciaHflapTH, M/IM ara npowflHara me

AO no-noflxoflflu^o npeflcraBHHe Ha cb6MTMHTa MJIM cfleriKMTe ete cjDMHancoBMTe orneTH na

3a orpaaaBaHe Ha npOMana B CMeTOBOflHSTS no/iMTMKa Cflpy>KeHMeTO npunara npenop-bMMTejiHMfrrCC 8 H npOMflnara B cMeroBOflHara no/iMTMio ce npwnara c o6paiHa CMna. BcaKa

na npOMflnara ce orpasasa Karo KopeKMM* Ha canfloro Ha HepaanpeAenenaraneHanSa/nenoKpMTa 3ary6a or MUHann COAMHM. CpaBHMTennaTa MHC^opMaqua ce npen3Mnc;iflBa. Paa^MKaraor npen3Hncn?iBaHe na pasxoflHre aa flan-bqn B orMera sa npHXOflMie M pasxoflnre 3a npeflxoflnna nepnoA cenocoHBa Karo KopeKMna na Hepaanpeflenenara neHa/iSa/HenoKpnTara sary6a.npoMflHara B CMeTOBOflHara nonMTHKa ce npmiara 6es oSparna CMna Koraro KOpeKqwaTa na canfloro naHepasnpefleneHara neMa/i6a or MMnann TOAHHM ne Mox<e fla 6tfle nafle>KAHo onpefleneHa.

B CflpyweHnero He ce Tpernpa Karo npoMana na cHeroBOflHara nonnrnKa: a) npHeManero na33 C"b6HTMfl M Cfle/lKH, KOHTO C6 paSJIMMaBai HO CbLLjeCTBO OT CJiyHMJIMTe Ce np6AM TOB3

Cfle/iKii; 6) npHeManero Ha nosa cneroBOAHa noriMTMKa 33 ctSnTHH H cAenKM, KOHTO ne ca ceTosa HJIM ca SMJIM

2. CneTOBOflHa nonMTHKa OTHOCHO A"t.nroTpaMHHTe MarepMa/iHM2.1. BtsnpiieTHfiT OOAXOA npn KjiacMcbuunpaHe Ha MarepnanHMTe aKrusM Kaio AtJirorpatiHH ce H3pa3asa B

Karo At>iroTpaMHn MarepnanHM aKTMBM ce oTHMTai ycraHOBMMH nec^MHaHCOBM pecypcn,M npurexoBaHM OT CApy>KeHneTO, KOMTO: 1)nwaT Harypa/iHO - se^eCTBeHa 4)OpMa; 2)M3non3Bar

ce sa npOMSBOflCTBO v\lv\nv\a na aicrHBM M/IM ycnym, sa OTAaBane HOA naeM, 3aaAMMHMcrpaTMBHH n/iM 3a Apyrn qenn; 3)onaKBa ce AS ce n3no/i3Bar npes nosene OT GAMH OTHeren nepnoA;4)CTOMHOCTT3 H3 3KTMB3 6 H3Ae>KAHO M3MMCn6Ha; 5)CApy>KeHHeTO OH3KBa A3 HOnyHH MKOHOMMHeCKM M3rOAM,CBtpsann c aiansa.2.2. BtsnpneTMHT CTO^HocTen npar na CbmecTBeHOcr, noA KOHTO MaTepHsnHMTe SKTHBH, nesaBHCMMO OT4)aKTa, Me ca A^nroTpaMnn, ce OTMHT3T KBTO TeKym pasxoA npw npHAoSuBSHero MM e 700 JIB.2.3. n-bpsoHananHOTO oueHaeaHe Ha flt/iroTpaiiHHTe MaTepusrinn aKTusn ce nsBBpiUBa:a) no uena na npMfloSMBane, KOHTO BioiK)MBa: noKynnaTa qena (BKJT Mura H HesbscTaHOBMMH flSHbun),BCMMKM npeKM p33XOAM 33 npMB6>KA3He H3 ASflSH 3KTHB B paSOTHO CbCTOflHMe B CBOTBeTCTBHe CnpeAHSSHanenneTO My - sa aKTMBH npnAo6nTM OT BtHLunn HSTOHHMMH;6) sa ct,3AaAeHMTe B CApy>KeHHeTO - no ceSecTOMHOCT, onpeAenena no namin, HAeHTMHen c naHHHa saonpeAen?iHe na ce6ecTOMHocTra na nponssefleHaTa B CApy>KeHneTo npOAyKL|nq - T.e. ne ce SK/I^MBSTBbTpeujHH nenanSn; Heo6nMaMHM KonMHecTsa 6paKyBann pecypcw {MaTepnann, TpyA H AP-);aAMMHMCTpaTMBHM M AP-OSiqn pasxoflM, necBbpsann np^KO c npoqeca nae) no cnpaseA-nnsa CTO^HOCT - sa no/iyneHHTe B pesy/iTaT Ha SeSBtSMesr) no oqeHKa, npneTa OT ctAa v\H npeKH pasxoAH 33 npusex^ane na A^ASH aKTHB B paSoTHoB cbOTBeTCTBMe c npeAH33H34eHneTo My - 33 nojiyneHH SKTMBH KBTO anopTHa snocKa.2.4. flpH KnaCMCfrMUHpaHe na nocneABaLniiTe pasxoAM no AtnroTpaMHHTe MaTepusrinn aKTHBH KBTOsa yBe^MHassne H3 SajiaHcosaTa CTOMHOCT na amiBMTe MnH KBTO TeKymM paaxoAH 33 AeMHOCTra ce MMa

As/in Tesn pasxoAH cs CBbpsaHi/i c yBenMH3B3He HS MKOHoMMMecKSTa MsroAa cnpawo ntpBOHaMa/iHOecj3eianBHOCT Ha aKTHsa, T.e. Aann pasxoAMTe ca cs-bpaanM c: yAt>n>KaB3He HS noneSHMH cpOK HS

TOAHOCT na aKTMBa; yBenHHasaHe na npoMSBOflMTenHOCTTa My; noAoSp^Bane na KanecTBOTo na npoflyKL|HHTaycnyrMTe; ctsAaBSHe Ha BBSMO>KHOCT sa npoHSBOflCTBO na HOBM npoAy«rn M/M/IM HOBH ycnyrw;

na HOBM nponsBOACTBenn npouecw; MKoHOMWHecKH no - nsroAHa npOMana Bts c^yHKunoHannoTOna aKrnsa - B T6sn cnynan c BenMHWHaTa na pasxoAMTe ce Kopurupa SanancoBaTa CTOMHOCT

H3 3KTMB3.2.5. Cnea ntpBOHansriHOTO npusHSBane KSTO SKTMB sceKn OTAenen A^/iroTpaen MaTepna/ieH aians ceOTHMT3 no qena Ha npHAQ^MBane, nswa^ena c HSHHcnenMTe awopTMsaqHH H naTpynanaTS sary6a OT

na ctcTasane HaSKTMBM.

OTHCT CApyxenneTo ne npnTe>K3BS

3. C^GTOBOAHa nOHMTHKa OTHOCHO HeMaTepMaJlHHTG 3KTHBH.

3.1. BBSnpMeTH^T nOAXOA npM npusHasane na pasxoAM sa passnTue KBTO HeMaTepnanHM aKTHBM ce wspasasaB cneAHOTo:EAMH 3KTMB ce Knacnc}DMUHpa sa npusHasane v\e KSTO HeMaTepnanen axTMB, KoraTo

Heq^MHancoB pecypc, npnAo6nT n KOHTponnpaH OT CApy>K6HneTo, KOMTO: HnMa(BbnpeKM Me Mowe AS ce ctfltp^a BT=B cjDnsuMecKa cyScTaHLjua v\nv\T My Mox<e

); e etc ctmecTBeno snaMeHMe npM ynorpeGara My; npM npi/ifloSviBaHeTo My e MOCJIOA3 Stfle OMeneH Hafle>KflHO n e etc CTOMHOCT H3A 700 JIB.; OT MsnonsBaheTO Ha aurnea ceHKOHOMHM6CKH HSPOflU, AOK33aHH CbCI

v\nv\n sa naSaBHHe Ha flocrarbHHO pecypcn, nosBOJiflBaujLi na CApyweHMero A3HOMtmecKM MSFOAM;ecfreKTMBHo Aa n3TTbJiHflBa 4>yHKL4MOHanH3Ta CM ponfl B ctOTBeTCTBMe c HawepeHweTo na

CApy>KeHneTO OTHOCHO ynorpeSaja My;- HCHO AecfiWHMpaHa n KOKKpeTMSMpana Texmmecua octmecTBHMOCT.BvrpemHo c"bSA3,aeH HeMajepnaneH aKTMB ce npusHasa M oiHwra KSTO HeMaiepwaneH aicniB BOT 4333313 Ha ctSflasane, B KOHTO ce naMMpa, a MMCHHO:a) BvrpewHO ctSAaAen HeMaiepusneH aicniB, BtsHMKHan OT nscneAosaTencKS ASWHOCT4>asa na evrpeujeH npoeicr), ne ce npHSHasa KaTO neMarepnanen aKTMB; no epeMe naCJD333 H3 6AHH BBTpeLUeH np06KT Cflpy>KeHHeTO H6 MOK6 A3 AOK3>K6 HO SeSCROpeH H3HHH, H6 MM3

na HeMaTepwajien aicruB, KOMTO seponTHO fla AQBefle AC StAeiqH HKOHOMUMecKM nsroAn;6)BvrpeujHo ctSflaAen HeMarepnaiieH aKTus, KOWTO BtSHHKsa B pesynTaT HS Ae^nocr no pasBHTHe (c()a3a na

OT BvrpeweH npoetcr), ce npusHasa sa neMaTepwaneH aKTMB, KoraTo Cflpy>KeHMeTO Moxe fla

cnocoSnocT aa aaetpiUBaHe na HeMarepnannnfl amis, TaKa ne fla StAe FOTOB sa ynorpe6anpoAa>K6a;- HSMepenne 3a saBBpiusaHe Ha HeMaTepnanen atcrns n sa HerosoTO nanonsBane unw npoflaxSa;- cnocoGnocT aa nsno-nsBane v\nv\a HS neMSTepusfinna aKTHB;

no KOMTO HeMaTepusriHMflT aKTMB i e flosefle AO reHepupanero na 6tAeiMn MKOHOMnnecKH, BKJiioHMTenHo HannHneTo na nasap MJIM nonesHOcira wy npn BtTpemna sa CApy^eHneTO ynoTpe6a;

Ha afleKBSTHH TexHwnecKH, 4>tiHaHCOBH H Apyrn pecypcw, HeoSxoAMMH sa c^MHanwsupaHe na, HsnonsBaneTO nrin npoAa>K6aTa na HeMaTepwajiHwa atcrviB, n

- cnocoSnocT sa ouenflBane na pasxoA^Te, npowsTHHaujH OT HeMaTepnannun aians no BpeMe na neroBOTO

penvraunq ne ce npusnasa H oTHMTa Kara HeMarepnanen aicrns. Tasnne e ycTanoBUM pecypc, KOMTO Cflpy>KeHLieTo Moxe p,a KOHTponupa n MW^TO CTOMHOCT Moxe naAe>KAHo RB ce

, BtnpeKH Me MoraT p,a ce onaKBaT MKOHOMUHecKn HSPOAM. BtTpeujno ctsAaAenn TtproBCKw MapKM,MSASTencKM npasa, KnueHTCKH 6asw v\w noAo6HM He ce npusnasar n OTMHraT K3TOaicrnBH. PasxoAUTe no Tesn svrpeiuHo ctsAaAenw TtproBCKM MapKH, HanMeHosaHUfl,

npasa, KnneHTCKn 6a3M v\n noAo6nn ne MoraT Aa 6"bAar pasrpaHwneHM OT CTofiHocTTa naSnsneca KSTO Ljflno.3.2. BtsnpneTMaT noAXOA npvi onpeAenane na ntpBOHanannaTa oueHKa na HeMaTepnannnTe 3KTMBM ceHspssasa B cneAHOTo:BtHLiiHO c"b3flafleHUT6 neMaTepnajiHH SKTMBM npn npnAoSusaneTO MM ce ouenRBaT no Liena nanpnAo6nBaHe, KOSTO BKiitoMBa noKynnaTa uena (BKriKmirrejiHO MMTa n HestscTaHOBUMn AantLiw) n BCWHKMnpeKM pssxoAH sa noAroTOBKa na a\av\Ba sa nsnonssaHeTO My no npeflnasHaMeHMe: pasxoAM sa noAroTOBKaH3 oSeKJa (M3CTOTO, KBA6TO UJ6 C6 MSnOJISBa 3lCTMB'bT);pa3XOAH] CBtpsaHM C AOCTaBK3T3; P33XOAH 33HHCTanHpane; paaxoflM sa xonopapn na nporpsMMCTM, KOHcyrrrsHTM, MKOHOMWCTH M T.H., cstpsanii c npoeicra,MKOHOMHMeCK3T3 060CHOBK3, nOp"bHK3Ta M/MJ1H C"b3A3BaHeTO, AOCT3BK3T3,

nspaMeTpMsupsneTo M AP. HS neMSTepwsnHMfl aicruB; pasxoAW, npowsTMMamti OT nenpusnaT AaHtnencstpsan c M36poeHMTe npeKH pasxoAH.KoraTO npnAoGHsaneTO e cstpsano c pascponeno nnamane, pasnwKaTa Me>KAy AOCTasnaTa L4eHa v\a BCMHKW nnaiManun ce OTpasasa KaTO pasxoA sa HMXBM.

AAMMHUCTpaTMBHMTe n flpyrme o6mn pasxoAH ne ce BicntoMBaT B ntpBOHanannaTa ouenKa, ocsen aKO caCBtpsaHH c npMAoSMBaneTO Mnn npuBexAaneTo na HeMaTepwannnH atcruB B pa6oTHO c-bCToaHne.

sa o6yH6HMe Ha nepconana 33 paSoTa c HewaTepManHna aicruB ne ce BKntoMBaT BMy oqenKa. Te ce oTpasasaT KBTO pasxoAH sa KBanMC^MKaqnn na nepcona/ia.oueHKa na HeMarepManeH aKTMB, npMAo6irr n npwsnaT B 6M3HecKOM6MHaL|M?i, e nerosaTa

CTOMHOCT B A^HR Ha npMAobMBaneTO. HenpusnaT B 6nsHeCKOM6LiHaMMFi neMaTepnanen aKTMBHe ce OTHMTa KBTO TaKtB, a ce BKnWHBa icbM penyTaqM?iTa no peAa Ha CC 22 - BM3HeCKOM6tiHauMM.KoraTo HewiaTepManeH aKTWB e nonyneH B pesymaT na saMana MJIM MacTvmna saM^na cpemy Apyr necxoflenHewaTepMaJieH aKTMB nnn ApyrM aicrnBn, uenaTa na npnAo6MsaHe ce onpeAena no cnpaBeAJWBaTa CTOMHOCTna nonyneHMH aicruB, KORTO e eKBueaneHTHa na cnpaBSAJinBaTa CTOMHOCT na OTAaAeHMfl atcruB, KOpumpana c

npeseAenn napMHHM cpeACTBa unw npexBtpneHu napwHHM eKBusaneHTM.ouenKa na newaTepManen aKTHB, nonyneH B pesynTaT na SesBbswesAHa CfleriKa, ce

no cnpasefl nBaTa My CTOMHOCT.oqenKa Ha ctsAaAen B CAPVxeHneTo neMaTepnanen aKTHB npeACTasnaBa cSoptT OT

pasxoflWTe, nsB-bpujeHM OT MoweHTa, B KOMTO HewaTepnaiiHM3T aicrwB sa nptB ntT e nocTMrnan KpMTepwuTesa npHsnasane. ritpBOHanaJiHaTa oqeHKa ce onpeflena no HannH, HAemrmeH na BtsnpneTMa sa onpeAenaneHa ce6ecTOMHOcira na npowsseAenaTa npoflyKUMa B CApy^enneTO, r.e. ne ce

neHa;i6a, neoSMHaMHMTe KOJiMMecrsa SpaKysaHn pecypcM (MarepMariM, rpyfl v\, aAMMHMcrpaTMBHMTe MApyrM OO"LHM pasxoAM (HecBtpsaHM npaKo c npoqeca no npufloSuBaHeio Ha HewiaTepnanHHa aicrns) w T.H.3.3. BbsnpweTMflT noAxoa sa onpeAenflne Ha nocneABamMTe pasxoAM no HewaTepManHMTe aKTMBM ce

B cneAHOTo:, nanpaseHM BI>B BptSKa c HeMarepiianeH amis, ce npusHaeaT sa reKyi^M pasxoAM B nepnoAa Ha

Koraro ca: sa noAA"t>P>KaHe Ha naienTu, cfcmpMeHu v\M MapKn, JIMMBHSMM,paspewMTe/iHu M flpyrn etc cpoK AO SAHH omereH nepitoA; sa BbBe^ane na 3KTMBM B

pasxoAM); 3a noBTOpHo sanoMsane Ha npeycranoBeHa flewHoci; sa o6yneHne; sa peKnawia; sa peopraHMaauwn; 3a npeMeciBane Ha npeflnpMfmie wnii na nacr OT Hero; sa npeycraHOBfiBaHe

MJIH nacTHMHo) na ASWHOCT; aa nnueH3nn n paapeiuwTenHM etc cpoK AO BAHH OTHeien nepnoA; saBHOCHM/M3HOCHW KBOTn;pa3xoAn 33 yHpeA^Bane w pasujHpfmane na ASVIHOCT. PasxoAH, Hanpasenn sa

Ha ntp BOH an an HO ycTaHOBenara craHAapTna ec|DeKTMBHOCT na HeMarepnaneH aKrus, cesa reKy^n pasxoAn B nepHOAa na B-bSHUKsaHero MM.

3.4. BtsnpneT HOAXOA npM orpasasaHeTO na pasxoAMTe sa vc-bB-bpiueHCTBaHe. i.e. KOHTO BOA^T AOyBe^HMaBane na onaKsaHMTe HKOHOMUMBCKH MSFOAH cnpaMo ntpBOHana/iHo oqeHeHara ciaHAapTHaec(3eicTMBHOCT na cbi^eCTByBau^na aicruB npes ysennnaBaHe na nonesnua cpoK na roflnocj; yBe/iMHaBane na

noAoSpasaHe na KaMeciBoio na npoAytcrnTe H/MJIH ycnyrme; paaujupaBane nasa HOBii HpOAyKTM M/HJiH HOBM ycnyrw; ctKpa^aBane Ha npOHSBOACTBeHMie pasxoAn;

MKOHOMHMeCKM nO-H3rOAH3 HpOMflHa B~bB C^yHKUHOHanHOTO npeAHa3HaH6HMe H3 aKTMBa - OTpaSflBai Ce K3TO

ysejiHHenne na omeTHaia My CTOMHOCT (MUM Kaio OTAenen neMSiepwaneH aKTMB).3.5. CneA rrbpEOHanariHOTo npusnaBane HewaTepiiaJiHUflT aKTMB ce OTHwra no qena na(ceSecTOMHocj), naManena c HajpynaHara aMOpTusaiina n eseHTyannn HarpynaHn sarySn OT

flaraia na ctciaBRHe Ha HacTOflinna ct>tiHaHcoB oTMer CApy>KeHnero ne npwrexoBaaKTMBM.

4. CMGTOBOflHa nOJIHTHKa 33 HHBeCTHL^HOHHMTe HMOTH.

OTHOCHO KJ13CMCbMKaUM3Ta H OTJIMMaBaneTO H3 MHSeCTMUMOHHUTe MMOTM OT MMOTMT6, nOJ13BaHM OT

, M OT MMOTMTC, A"t>p>KaHH sa npoAa>K6a B xoAa Ha o6nnaMHaTa HKOHOMMMecKa ASMHOCT - IOTOMMOTti ce KnacncjDML|wpaT: a) seMfl, npMTe>KaB3Ha c qen A^nrocpoMHO yeenwHaBaHe na

, Mpes renepMpane na AOXOAM, a He c qen KpaTKOcpoMHa npoAaxSa B xoAa na o6MM3MHaTa AeiiHoCT;6) 3ewm, npnTe^asana sa neonpeAeneno noHacToameM 6"bAeL^o nsnonsBane (aKo CApywenMeTo He e

ne L^e nsnonsBa seMaTa M^M KBTO nonssaH OT co6cTBeHitKa HMOT, nnii sa KpaTKOcpoHHaB xoAa na oSMMaiiHaTa fleiiHocT, ce CHMTB, ne aeM?rra ce npMTe>KaBa sa yBe^HMasane CTOMHOcrra

na KannTana); B) crpaAa, KOHTO ce A"bp>*<n OT oTHMTai oTo ce npeAnpMfiTue M e oTAaAena no CAMH nnnonepaTMBHM nn3HHrn; r) crpaAa, KOSTO He ce nonssa, HO ce A"tp>KH OT OTMHTamoTO ce npeAnpujiTue c ue;i

OTAaAena no BAMH wnn noBene onepaTMBHM

KtM A3T3T3 H3 CbCTaBflHe H3 HaCTOHLUMfl CJDMH3HCOB OTM6T CAPV>KeHMeTO H6 FlpMTeXOBB HHB6CTMLIMOHHM

MMOTM.

5. CnerOBOAHa nonMTHKa OTHOCHO 4)MHaHCOBMTe MHCTpyweHTM.npeAnpM^TMeio npM3Hasa 4)MHaHCOB aicrMB MUM $MHaHCOB nacwa B CBOS cMeTOBOAen 6anaHC eAUHCTBenoKoraTO CTaHe CTpana B AorosopHMTe ycnoBMH na MHCTpyweHTa.<J>MHaHCOB aKTMB M 4)MH3HCOB nacMB ce npwsnasa B npeflnpnflTH6To Hpe3 wsnoJi3BaHe na M6TOA3 "Aara naype>KA3He".<£nH3HCOBMTe MHCTpyMeHTH ce oijeHflBaT npw ntpBOHaHa/iHOTO npMAoSMBane no qena na npnAoSweane,KOflTO BKntoMBs: cnpaBeA/iMBaTa CTOMHOCT na AaAenoro (npM cfiMHaHCOB SKTMB) MHM nonyneHOTO (npwC(DMH3HCOB HSCHB) S3 HefO BnO>KeHHe.

OTHMCBS MSLtano v\nv\o ctDMHancosMTe CM aKTMBM M (fcHHancoBMTe CM nacuBMKoraTO floroBOpennTe npasa, pecn. saAtrixeHMn no THX 6T=AaT noraceHM.

TbprOBCKMTe M flpyrw sseMaHMa ce ouenaBST no CTOMHOCTra na T^XHOTO BbSHMKBane, a TBSM,B ny>KAecTpaHHa BanyTa - no safoiKtHMTenen «ypc na BHB KbM AaTaTa na Sananca, H ce nawanflT etcCTOMHOcrra na sarySMTe OT oSesqeHKa.TtproBCKM M Apyrw saA"bn>KeHMR ce OTMMTBT no TflxnaTa aMopTMSMpyeMa CTOMHOCT. 3aA"bn>KeHMRTa,AeHOMUHMpaHM B My>KAecTpaHHa BanyTa, ce oqeHRsaT no saKnraHMTeneH Kypc Ha BHB KbM AaTara naSananca.B cneTOBOAHMfl 6ajianc He ca BK/ifOMenn 33A"bn>KeHMfl, KOMTO crasaT A"t>Ji>KMMM n nsncKyeMM cneA nosene OT 5

KaKTO M TaKMBa, sa KOMTO ca npeAOCTaseHM

6. CneTOBOAHa nontiTMKa sa CTOKOBO - MarepManHviTe aanacn.MBTOA sa OTnuceane na crOKOBO-MaTepwanHMTe sanacn npM TSXHOTO noTpe6neHMe e

Ha cpeAHO npeTernensTa CTOWHOCT ctrnscno npenoptHHTenHwa noflxofl no CC 2 - "CTOKOBO-MarepnajiHnsanacM".

flarara Ha ctcraBHHe Ha HacToamMfl cfDnnancoB OTMBT cflpy>KeHweTO He npure^aea MarepnanHM sanacw.

7. flapH M napHHHH eKeviBanetmi.flapHHHW cpeflciBa ca napunnn cpeflciea, HannnHii B Spoil w AenosnTH HaKaro napuHHH eKBMBa/ieHTti ce Tpernpar KpaTKocpOHHu, BMCOKOJIWKBMAHU nHBecTMunn, KOWTO ca necno

B KOHKpeiHn napwMHH cyMM n cwVbp>t<aT HeaHaHwreneH PUCK or npowiana B cTotfHocrra KM.cpeflCTBa B neea ce oueHflsar no HOMUHanHaia HM CTOMHOCT. flapHMHwre cpeAcrsa,

B My>KAecTpaHHa Banyra, ce oueHRBaT no saKjHOMHTeneH Kypc na BHB Ktw Aatara nana orMera.

ne npurexasa napuMHM cpeACTsa, AeHOMHHMpaHM B My>KAecrpaHHa sanyia KtM 31 ASKewiBpn2009r.BCMHKM npeACTaseHH B HacTOflLMwa OTHeT napMHHM cpeACTBa ca na pasno^o>KeHMe Ha Apy»<ecTBOTo, i.e. Heca na^HLie oraHWMeHHH sa

8.

8.1. npHXOAMie B CApy>KeHMero ce- Koraro e sepo^THo CApy>KeHneTo p,a MMa nKOHOMnnecKa nsroAa, cetpaana etc- Koraro cyMara na npuxoAa wo>Ke fla 6tAe naAe>KAHo M3MMcneHa;- Koraro HanpaBennre pasxoAM (wnn jean, KOHTO me StAar Hanpaeenn Bte BptSKa etc cfle^KaTa) ca

HaAe>KHO M3Mepenn (unw Lue 6tAe Bt3Mo>KHo Aa ce naMepni)- npwxoAWTe 33 BCflKa c^enKa ce npHanasar eAHOBpeivieHHo c nsBtpujeHirre 3a nefi paaxoAW-

ce npHsnasar B MOMenra Ha THXHOTO Bt3HMKBaHe, nesaBucuMO or napi/NHMie nocTtnneHHfl n. FlpnxoAUTe B My>KAecrpaHHa Banyra ce omnrar no MeHTpanen Kypc na BHB KtM Aaiara na

MM.8.2. npMxoAMTe, CBtpsann etc cAenKn aa MSBtpLUBane na ycnyrn, ce npnaHaear B aasucMMocT OT erana na3aBtpiueHOCT Ha CAenKaia KtM AaTaTa na ctcjasflHe na cMeTOBOAHna Sananc, npn ycnoene, ne peayntaitTOT CAenKaia MO>Ke &a en OUCHM HaA©>KAHO. Eranti Ha saetpiueHOCT Ha CAenKara sa nastpujBaHe na yc;iyrnce onpeAena: ctoTHOLuenne B npoqeHT na MSstpujeHMTe AO MOweHia ycnyrn KtM oSeMa na ycnyrHTe, KOHTOme 6tA3T MSBtptueHM.8.3. RpvixoAtT, ctsAaAen or nsnonaBaHeTO OT Apyrw nwua Ha nnxeoHOCHM aKrnsn na CApy>KenneTO (T.e.

OT JIHXBH), Bt3Harpa>KAeHMfl 3a npaea w AUBMAenTti, ce npn3Hasa no MeTOfla Ha ec^eKTUBnaTa, KoraTo:

- e BepOHTHo CApyxeHneTo Aa wMa nKOHOMWMecKn nonsn, cetpsanM etc CAe^KaTa; v\ cywiaTa na npnxoA^Te Mo>Ke naAe>KAHO A3 6tAe oL^enena.

8.4. FlpHXOAMTe OT nnxen sa 3a6aeeHW nnamaHwa na KnweHTM ce HaMHcrmsaT KBTO c^nnaHcoB npwxoA npwec(:eKTHBHO nnamane, nopaAn ctmecTBena HecurypHocT 3a BtscTanoBflBane Ha A"b^>KMMaTa CTOMHOCTpeannoTo sannaLijaHe.8.5,MJ16HCKWRT BHOC C6 OTHWT3 K3TO T6Kym npMXOA H3 CAPV>KeHWeTO.

9.OnepaTWBHHTe pasxoflu ce HaMncriRBaT B MOMSHTa na TRXHOTO BtsHMKBane, npH cnassane Ha npunuwna 3actnocTaBHMOCT c npuxoAMTe.

pasxoAw, OTHacaiMM ce sa cneABamn OTMBTHM nepMOAM, ce npeACTaaaT KBTO pasxoA^ sa

no saeMn ce npusnaeaT KaTO pasxoA B nepnoAa, sa KOtrro ca wsBtpmeHu, HesasMcuwo OTna nsnonSBane na saeMnre.

10. Flpe3 2010r. CApy>KeHneTO e nonynw^o Aapenwa 6es ycnoBMn OT TpeTM nvtua B paswep Ha 11 xvui.nB.(2009r.: 5 XMH.JIB.). C or^eA xapaxrepa Ha HanpaseHnre AapeHna, nonyneHMTe cywin ca npusnaTH B ctcrasana TeKyi^MTe npuxoAH sa 201 Or. (pecn. 2009r.) ctoSpaano nsucKBannaTa na CC 20.

11. CseTOBOAHa no/iMTiiKa sa npoBH3HM.ce npH3H3Ba B SanaHca, KoraTo CApy>KenneTo HMa npasno M^H KOHCTpyKTHBHo

na Munano ct6wTne H MMa BepoaTnocT onpeAenen wsxoAflm HOTOK, ctAtp^amnonsn, Aa 6tAe Heo6xoAMM sa HOKpusaHe Ha saAtnxeHneTO. npOBMsuRTa ce oqenfl no Haw -npw6;in3HTenH3 oqeHKa na Bt3MO>KHHTe HKOHOMMnecKH HSFOAH, KOHTO [i\e MSTCKST npn norac^Bane HaSaAtJDKeHWeTO KtM A3T3T3 H3 cfrWHaHCOBUfl OTM6T.PasweptT HS npOBMsuMTe ce p33me>KAa KtM ABTSTS na BCCKH 6anaHc n cyMnTe ce npen3MWcnRBaT, cC6 OTp33H T6KyLU3Ta CTOWHOCT H3 HaH-A06paT3 OU6HKa. AKO B6He HS 6 BepOflTHO A3 6tA6nsxoAflLA noTOK pecypcn, ctAtpMcau^H WKOHOMimecKM nonsn, sa noracflBane HS 33A"b^>«<eHneTo,ce BtscTanoBRBa.

flaiaia Ha Sananca CflpyxeHnejo He e npHsnano nposMSMM nopaflu nwnca Ha ycnosua sa rosa.

12. KtM flaiara na 6ananca sa CflpyxeHHeio ne ca nannue ycjioBHH 3afl-bji>KeHHfl H ycnoBHHraKMBa ne ca orpasenn B HacToflLqvifl c^MHancoB

13. floxoAH, npeflocTaeeHM Ha nepcoHa/ia B Cflpy>KeHneTo:Cywiara, npHanara Kaio pasxoA sa AOXOAM Ha nepconana npes 2010r. e B paawiep na 13 XMJI..TIB. (2009r: 7XMJ1.J1B.).HeMsnnareHMTe AOXOAM na nepcona/ia KtM flarara na M3roTB?we na roAMiiJHMfl cneroBOAeH OTHBT ca BpasMep na 1 XHJI.JIB. M npeACTaermBar A^JDRMMOTO B'b3Harpa>KAeHne aa M.12/2010r. (pecn. - M.12/2009r.),Koeioe HsnnareHO npes M.flHyapM 2011 r. (pecn. - M.HHyapw 201 Or.).

CpeflHOcnnc-bHHHflT 6poM na nepconana B CApy>KeHMeTO sa 201 Or. no Kareropnii, Kaicro v\m n OCMFVPOBKH ca, Kaicro

KareropMHnepconan

npeanASHT,saKOHOAarenn,BHCLUH cnyxMTennH ptKOBOAHTenH

CpeAHOcnHctHeH6poft

1

PaaxoAH 3aB"b3Harpa>KAeHHH

13 xnn.JiB.

PaaxoflM aaocurypoBKn

5 xnji.riB.

BT.M. ocurypOBKn,CBtpaaHH c

nenCHH

4 xwn.JiB.

CpeAHOcnnc~bMHMflT Spoil na nepconana B CApyxeHMeTO sa 2009r. no KaTeropMM, Kaicro HB~b3Harpa>KAeHMfl M ocMryposKH ca, Katcro

KaieroptiHnepconan

npesMASHT,saKOHOAareriH,BMCUJH CJiy>KHTeJlM

\A p-bKOBOAMTe/lM

CpeAHocnuc-bHeHSpoil

1

PasxoflH saBt3Harpa>KAeHHfl

7 xvui.riB.

PasxoAn saocwrypOBKM

1 xnn.JiB.

BT.M. ocurypoBKW,cBbpsann c

nencnw

1 XMn.JlB.

na B-b3Harpa>KAeHLiaTa, nannaieHM npes 2010r. (pecn.2009r.) naHa oprannTe na ynpaBnenwe B^B BptsKa c cfcyHKLtMnre MM, M BCMMKM

v\nv\n no OTHomeHne na nencHHTe na SMBLUH nnenoBe na resn oprann, e 0 JIB.

nepconan nBt>3HWKHann

Paswepvr na npeAOCTaBeHnre asancn n KpeAHTM na aAMUHMCTparnBHHH nepconan v\e Ha opraHHiena ynpaBJienne n saAtrDKennaTa, noeivi B noma na resn nwqa Hpes ecaKaicbB BMA rapanqnM e 0 ns.

14. flaH-bMM OT neMan6aTa.flanticbi Btpxy nenanSara 3a roAMHara npeAcrasjiRBa TeKymn H oTCponenn Aantun. flaH"bKvr BtpxyneManSaia ce npusnaea B OrneTa sa npwxoAUTe H pasxOAUTe c HSKntoneHne na TOSH, OTHacRin ce AO CTarnn,KOMTO ca npM3Harn flupeKTHO B Kanwrana, Karo B TOSH cnynavi TOM ce npeACTasq B KanMTa^a.

antK ca onaKeaHHTe AantHHn nnaiMaHMH stpxy oSnaraeMara nenanSa sa roAHHara, npM/iaraHKMcraBKa B cwna K-BM Aaiara na nsrorsaHe na 6ananca.

SHtK C6 HaHMCHHBa K3TO C6 HpMHara 6anaHCOBMfl M6TOA M Ce OTHaCfl S3 BpeM6HHMTe paSJIMKW

Me>KAV SafiaHcosara CTOMHOCT Ha aKTUBMre H nacHBMTe sa uennie na cneroBOAHOTo MM oiMHTaHe nSanancoBara MM CTOMHOCT sa AaHtMHM Lie/iM. PasweptT na OTCpoMenMaT AantK sa TeKyujMfl nepMOA ce

KBTO ce npunara AaHtMHaia CTasKa B CMna KBM AaTara na MsrOTeane na Sananca. Btpxy nerow npoMGHMTe B AaHtMHMTe CTasKH sa OTAenHMTe OTMBTHM nepnoAM. PasMepvr na oTCponeHMfl

HaHMcnen sa cneABauiM orneTHM nepMOAM, e OCHOBSH na OMaKeanna HantiH Ha peanM33L;na HSMHM ype>KAane HS nacMBMTe, KBTO ce npMiiara AantHnaTa CTaeKa, KOSTO ce OMaKsa A3 6tAe B curia

AaTara Ha Sananca.AKTMB no OTcponeHM AaHti_|M ce npM3Hasa AO CTeneHTa, AO KO^TO e sepoflTHO Aa Mivia StAeu^a oGnaraeManena^Sa, cpeii4y KO?ITO Aa MoraT Aa ce MsnonssaT HaManaewMTe BpeivienHM paanHKH.AKTMBH v\U no OTCpOMeHM Aanbi-iM ce KOMnencwpaT, KoraTO ce oTHacar AO AantLiH Btpxy nenan6aTa,AW1>KMMM H3 6AHM M C"bLL|M AaHbHHH BJiaCTM H CApy>K6HMeTO B"b3HaMepflBa A3

M 3KTMBM B H6T6H

OT neHan6aia sa TeKymMfl nepMOA e B pasMep na 10% n CApy>KenneTo ro Rbnwvi CBMO sanenafi6aTa CM OT oct>LnecTBflBaHara cronancKa AG^HOCT. (t>MHancOBMaT pesynTaT OT pernaMemnpaHaAeiiHOCT He ce oSnara c AantK Btpxy nenanSaTa.

6

B HaCTOHLUMfl CfclMHaHCOB OTH6T H6 C3 BKJlJOHeHM aKTMBH M naCMBM HO OTCpOMeHH

33 HaHHCJiflBaHeto MM.HOpaflU HHRCa H3

na c-bcraBflHe: 27.01.2011r.

- ,,Bn3Hec XeJin" OOfl c ynpaBtueji Bepa KnpnnOBa:

na YnpaBMTenHHfl c-bBeT-CseTJiMH CTOHHOB: ... rtT^ r T."..: