ࡱ > N y ` JT bjbjss 4 ' ' ' 4 ) t t t h t v A h w V y
z
z
z u{ F { $ { $ h i l 9 ' } q{ u{ } }
z
z g S % % % }
z '
z % } % % n ' 4
z w S t n \ i 0 Ф d ռ + ռ @ @ ռ ' @ X g| {| % | | ~ { H ;| W| g| g| g| } } } } A A A 2 t A A A t ' D ) ) 0 ?@020E @C:>?8A8 " % . ,' " ! & & " ! - ! / ! " " "% '! !!" + !" ' !?5F80;L=>ABL 0 5 . 1 4 . 0 4 @>M=5@35B8:0 " $ " 48AA5@B0F88 =0 A>8A:0=85 CG5=>9 AB5?5=8 :0=4840B0 B5E=8G5A:8E =0C: >A:20 2 0 0 7 01>B0 2K?>;=5=0 =0 :0D54@5 -=5@35B8:8 2KA>:>B59 B5E=>;>388 >A:>2A:>3> M=5@35B8G5A:>3> 8=AB8BCB0 ( B5E=8G5A:>3> C=825@A8B5B0) . 0CG=K9 @C:>2>48B5;L: :0=4840B B5E=8G5A:8E =0C:, ?@>D5AA>@ >@>7>2 3>@L 5B@>28G :0D54@0 -=5@35B8:8 2KA>:>B59 B5E=>;>388 >A:>2A:>3> M=5@35B8G5A:>3> 8=AB8BCB0 ( B5E=8G5A:>3> C=825@A8B5B0) D8F80;L=K5 >??>=5=BK: 4>:B>@ B5E=8G5A:8E =0C:, ?@>D5AA>@ @59=8= D828G @>D5AA>@ D82 =4@59 L2>28G :0D54@0 "5?;>>1F5AA>2 8 CAB0=>2>: >A:>2A:>3> M=5@35B8G5A:>3> 8=AB8BCB0 ( B5E=8G5A:>3> C=825@A8B5B0) 54CI0O >@30=870F8O: & $ - $# =AB8BCB &" " 0I8B0 48AA5@B0F88 A>AB>8BAO 1 4 45:01@O 2 0 0 7 3. 2 1 5 G0A>2 3 0 @88 - 4 0 6 =0 70A540=88 48AA5@B0F8>==>3> A>25B0 2 1 2 . 1 5 7 . 1 0 ?@8 >A:>2A:> 04@5AC: 1 1 1 2 5 0 , >A:20, @0A=>:070@@5D5@0B 2 42CE M:75@30=870F88, ?@>A8 04@5AC: 1 1 1 2 5 0 , >A:20, @0A=>:070@25B - ( "#) . ! 48AA5@B0F859 6=> >7=0:>B5:5 >A:>2A:>3> M=5@35B8G5A:>3> 8=AB8BCB0 ( B5E=8G5A:>3> C=825@A8B5B0) . 2B>@5D5@0B @07>A;0= 1 2 =>O1@O 2 0 0 7 3. #G5=K9 A5:@5B0@L 48AA5@B0F8>==>3> A>25B0 :0=4840B B5E=8G5A:8E =0C:, 4>F5=B _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ !. . >?>2 )/ % " !" "+ :BC0;L=>ABL 8AA;54>20=89 040G8 M=5@3>A15@565=8O AB0=>2OBAO 2A5 1>;55 0:BC0;L=KAA88, 345 4;8B5;L=>5 2@5<O MB8?@>A0AL 4>;6=>3> 2=8<0=8O. &25B=0O 4=0 87 =081>;55 M=5@3>5B@0A;59 ?@>AB8. 54L B@5B89 ?> >1J5872>4AB20 A;5 65;570 8 0;NAA89A:>9 $545@0F88 1K;> ?@>872545=> >:>;> 9 5 0 BKA. B>== 5AB8 1 B>==K, ?> @07=KF5=:0 B5F5=:0;O 3> ?@>872>4AB20 2 AB@C:BC@5 M=5@3>5AB8 A>AB02;O5B 2 0 & 8 0 % , >AB0;L=>5 ?@8E>48BAO =0 4>1KGC 8 >1>30I5=85 @C4K. >;LH0O G0ABL ?@>872>489 ;O :>B>@KE 2 AK@L52>AB02;O5B 8 5 & 9 0 % . A=>2=KG=8:>< M=5@388 4;O F5AA>2 O2;O5BAO B5?;>2>9 MDD5:B M:7>B5@:8A;5=8O AK@LO ( AC;LD84=KE =F5=B@0B>2) , 8 ?@8 @0F8>=0;L=>;L7>20=88 MB>9 B5?;>BK ACI5AB2C5B 2>76=>ABL A>:@0I5=8O M=5@3>70B@0B. KA>:0O M=5@3>5ABL ?@>4C:F88 2 A>G5B0=88 A> 7=0G8B5;L=K<8 @575@20A15@565=8O >?@545;ONB 0:BC0;L=>ABL 8AA;54>20=89 M=5@35B8G5A:>3> 0A?5:B0 ?@>872>4AB20 BK &5;L @01>BK A>AB>8B 2 2KO2;5=88 ?>B5=F80;0 8=B5=A82=>3> M=5@3>A15@565=8O 8 @07@01>B:5 @50;87CNI59 53> ?5@A?5:B82=>9 45;8 B5?;>B5E=>;>38G5A:>9 A8AB5872>4AB20 G5@=>2>9 AB02;5==0O F5;L >1CA;>28;0 @5H5=85 A;54CNI8E 7040G. 1 . #AB0=>2;5=85 ?@54AB028B5;L=>9 AB@C:BC@K 459AB2CNI59 B5?;>B5E=>;>38G5A:>9 A8AB5872>4AB20 G5@=>2>9 <548 2 70<:=CBKE A8AB59 MDD5:B82=>AB8, >?@545;5=85 M=5@3>5AB8 ?@>872>4AB20 8 ?>B5=F80;0 8=B5=A82=>3> M=5@3>A15@565=8O 2 459AB2CNI59 ""! ?@>872>4AB20 G5@=>2>9 A15@530NI8E ?@8OB89, >B25G0NI8E =081>;55 ?>;=>;L7>20=8N B5?;>B2>@=>9 A?>A>1=>AB8 AC;LD84=>3> AK@LO. 4 . 07@01>B:0 AB@C:BC@=>9 8 B5?;>2>9 AE5A15@530NI59 ""! ?@>872>4AB20 G5@=>2>9 <548 2 70<:=CBKE A8AB5B:0 <0B59 45;8 >1@01>B:8 AC;LD84=>3> 3> AK@LO 2 CA;>28OE B5?;>B5E=8G5A:>3> ?@8=F8?0 2725H5==>3> A;>O. 6 . 07@01>B:0 48:8 @0AG5B0 8 >?@545;5=85 C45;L=>9 ?@>872>48B5;L=>AB8 :035==>9 ?;02:8 AC;LD84=>3> AK@LO 2 CA;>28OE :8?OI53> A;>O @0A?;020. 5B>4K ?@>2545=8O 8AA;54>20=89 ?@545;5=85 ?>:070B5;59 C45;L=>3> @0AE>40 B>?;82=>- M=5@35B8G5A:8E 8 AK@L52KE @5AC@A>2, >?@545;5=85 MDD5:B82=>AB8 M=5@3>8A?>;L7>20=8O 2 459AB2CNI59 ""! ?@>872>4AB20 G5@=>2>9 ;=5=> A ?>ILN 0?@>18@>20==KE 48: @0AG5B>2 =0 >A=>25 8=D>@1I54>ABC?=KE 8AB>G=8:>2. >8A: ?5@A?5:B82=KE =0?@02;5=89 A>25@H5=AB2>20=8O, D>@20=85 B5@48=09 45;8 ""!, >B1>@ =081>;55 MDD5:B82=KE A@54AB2 @50;870F88 ?>B5=F80;0 M=5@3>A15@565=8O 4;O 459AB2CNI59 ""! ?@>872>4AB20 G5@=>2>9 2545= =0 1075 :>=F5?F88 8=B5=A82=>3> M=5@3>A15@565=8O, @07@01>B0==>9 ?@>D5AA>@>2K@8N B5?;>2KE AE5< 8 4>;>38N 2K1>@0 B5?;>B5E=8G5A:8E ?@8=F8?>2 >ACI5AB2;5=8O B5?;>B5E=>;>38G5A:8E ?@>F5AA>2. AA;54>20=85 >1@01>B:8 AC;LD84=>3> 3> AK@LO 2 CA;>28OE 2725H5==>3> A;>O ;=5=> 4>3> M:A?5@8B0==>9 02B>@>< <0B59 45;8. 0CG=0O =>287=0 5B>4>;>38O 8=B5=A82=>3> M=5@3>A15@565=8O 2?5@2K5 ?@88A?>;L7>20=8O 2 B5?;>B5E=>;>38G5A:>9 A8AB5872>4AB20 G5@=>2>9 B0=0 M:AB@520O AE5872>4AB20 G5@=>2>9 A=>25 >?@545;5= B5>@5B8G5A:89 <8=8<C70B@0B =0 ?@>872>4AB2> 8 ?>B5=F80; 8=B5=A82=>3> M=5@3>A15@565=8O 2 B5?;>B5E=>;>38G5A:>9 A8AB5872>4AB20 G5@=>2>9 B0= 8 70I8I5= ?0B5=B>1@5B5=85 :>20==K9 A?>A>1 >1@01>B:8 AC;LD84=>3> 3> AK@LO 2> 2725H5==>5 8 2 ?@>4C2059 20==5 @0A?;020. 07@01>B0=0 <0B5<0B8G5A:0O 45;L >1@01>B:8 AC;LD84=>3> 3> AK@LO 2> 2725H5==>5 8 48:0 @0AG5B0 C45;L=>9 ?@>872>48B5;L=>AB8 :0 A;>O @0A?;020 4;O ?@O9 ?;02:8 =0 G5@=>2CN 65==KA>1>ABL @57C;LB0B>2 @01>BK 57C;LB0BK @01>BK ?>72>;ONB ?@>2>48BL A@02=8B5;L=CN >F5=:C M=5@35B8G5A:>9 MDD5:B82=>AB8 M=5@3>A15@530NI8E ?@8OB89 2 B5?;>B5E=>;>38G5A:>9 A8AB5872>4AB20 G5@=>2>9 B0==0O <0B5<0B8G5A:0O 45;L >1@01>B:8 AC;LD84=>3> 3> AK@LO ?>72>;O5B 8AA;54>20BL ?@>F5AA 2> 2725H5==>5 4;O ;N1>3>, 8 =0 ?@0:B8:5, 48A?5@A=>3> A>AB020 AK@LO, A>45@60=8O :8A;>@>40 2 4CBL5 8 C@>2=O B5G59 :048:0 @0AG5B0 C45;L=>9 ?@>872>48B5;L=>AB8 :0 A;>O @0A?;020 65B 1KBL 8A?>;L7>20=0 ?@8 ?@>5:B8@>20=88 03@530B0, @50;87CNI53> @07@01>B0==K9 :>20==K9 A?>A>1 ?;02:8. 0 70I8BC 2K=>AOBAO 1 . 57C;LB0BK M=5@35B8G5A:>3> 0=0;870 8 >F5=:8 ?>B5=F80;0 8=B5=A82=>3> M=5@3>A15@565=8O 2 ?8@>9 ""! ?@>872>4AB20 G5@=>2>9 20==K9 A?>A>1 >1@01>B:8 AC;LD84=>3> 3> AK@LO 2> 2725H5==>5 8 D>@A8@>20==> ?@>4C2059 20==5 @0A?;020. 3 . 0B5<0B8G5A:0O 45;L >1@01>B:8 AC;LD84=>3> AK@LO 2 CA;>28OE ?@54;>65==>3> B5?;>B5E=8G5A:>3> A?>A>10 >1@01>B:8 10F8O @01>BK A=>2=K5 ?>;>65=8O 8 @57C;LB0BK @01>BK 4>:;04K20;8AL 8 >1AC640;8AL =0 A5@>AA89A:>9 :>=D5@5=F88- :>=:C@A5 8==>20F8>==KE ?@>5:B>2 ABC45=B>2 8 0A?8@0=B>2 ?> ?@8>@8B5B=>A15@565=85 ( 3. ">@>9 8 "@5BL59 A5@>AA89A:8E H:>;0E- A5<8=0@0E ;>4KE CG5=KE 8 A?5F80;8AB>2 -=5@3>A15@565=85 B5>@8O 8 ?@0:B8:0 ( 3. >A:20, 2 0 0 4 8 2 0 0 6 33. ) ; 52OB>9, 5AOB>9, 48==04F0B>9 8 25=04F0B>9 564C=0@>4=KE =0CG=>- B5E=8G5A:8E :>=D5@5=F8OE ABC45=B>2 8 0A?8@0=B>2 048>M;5:B@>=8:0, M;5:B@>B5E=8:0 8 M=5@35B8:0 ( 3. >A:20, 2 0 0 3 , 2 0 0 4 , 2 0 0 5 8 2 0 0 6 33. ) ; 564C=0@>4=>9 =0CG=>- ?@0:B8G5A:>9 :>=D5@5=F88 0F8>=0;L=>5 8A?>;L7>20=85 ?@8@>4=>3> 3070 2 A:20, 2 0 0 3 3. ) . 01>B0 O2;O5BAO ;0C@50B>AA89A:>3> :>=:C@A=>3> >B1>@0 8==>20F8>==KE ?@>5:B>2 ABC45=B>2 8 0A?8@0=B>2 ?> ?@8>@8B5B=>A15@565=85 D545@0;L=>9 F5;52>9 =0CG=>- B5E=8G5A:>9 ?@>3@0<20=8O 8 @07@01>B:8 ?> ?@8>@8B5B=K< =0?@02;5=8O <0B5@80;0?C1;8:>20=> 1 1 ?5G0B=KE @01>B, ?>;CG5= ?0B5=B $. !B@C:BC@0 8 >1J5AB>8B 87 22545=8O, G5BK@5E 3;02, 70:;NG5=8O, A?8A:0 F8B8@C59 ;8B5@0BC@K 8 ?@8;>65=89. 01>B0 87;>65=0 =0 1 6 3 AB@0=8F0E ?8A=>3> B5:AB0, A>45@68B 3 2 @8AC=:0, 1 2 B01;8F. !?8A>: ;8B5@0BC@K A>45@68B 1 2 3 =0820=8O. ! "+ > 22545=88 >1>A=>20=0 0:BC0;L=>ABL ?@>1;520=8O, AD>@20=K F5;L 8 7040G8 @01>BK, ?@54AB02;5=K =0CG=0O =>287=0 8 ?@0:B8G5A:0O F5==>ABL ?>;CG5==KE @57C;LB0B>2. ?5@2>9 3;025 2K?>;=5= 0=0;87 M=5@3>8A?>;L7>20=8O 2 459AB2CNI59 B5?;>B5E=>;>38G5A:>9 A8AB5872>4AB20 G5@=>2>9 :070= 7=0G8B5;L=K9 @071@>A 25;8G8=K M=5@3>5AB8 G5@=>2>9 @>2: 2 . 9 & 6 . 5 B C. B. / B. 0AE>645=85 2 >F5=:0E >1JOA=O5BAO A;>6=>ABLN 0=0;870 M=5@3>70B@0B, =5>1E>48ABLN A@02=5=8O @07;8G=KE B5E=>;>38G5A:8E AE5AB02>2 AK@LO =0 :>=:@5B=KE 702>40E, >BACBAB2859 48:8 @0AG5B0 M=5@3>5AB8 <548. 0AAB@5=K 459AB2CNI85 !"K, CAB0=02;820NI85 >1I85 48G5A:85 ?>;>65=8O ?> >?@545;5=8N M=5@3>5AB8 ?@>872>4AB20 ?@>4C:F88, 48:0 @0AG5B0 B5E=>;>38G5A:8E B>?;82=KE G8A5; ( ""') , 48:0 @0AG5B0 M=5@3>5AB8 B5E=>;>388 ?@>872>4AB20 ?@>4C:B0 * , >?5@8@CNI0O @O4>4>2 B>?;820. 1>A=>20=> ?@8A;54=59 4;O F5;59 =0AB>OI53> 8AA;54>20=8O. ?@545;5=K A8AB51J5:B0 8AA;54>20=8O 703> B5?;>B5E=>;>38G5A:>3> :>872>4AB20 G5@=>2>9 B5?;>B5E=>;>38G5A:89 8 M=5@35B8G5A:89 :>AB02;ONI89 2 "" M=5@3>=>A8B5;8, @0AAB@5= 2 ?>;=KE 3@0=8F0E: M=5@3>5ABL 53> ?@>4C:F88 2:;NG05B 70B@0BK M=5@388 =0 4>1KGC, ?>43>B>2:C ( ?5@5@01>B:C) , B@0=A?>@B ( ?5@540GC) 8 ?@5>1@07>20=85 M=5@3>=>A8B5;O. "5?;>B5E=>;>38G5A:89 :>872>4AB20 G5@=>2>9 <548 ( @8A. 2 ) B0:65 @0AAB@5= 2 3@0=8F0E >B 8AB>G=8:>2 AK@L52KE 2 4> F5;52>3> ?@>4C:B0 G5@=>2>9 3> :>B5E=>;>38G5A:>3> :>2;5=0 ?@54AB028B5;L=0O AB@C:BC@0 459AB2CNI59 B5?;>B5E=>;>38G5A:>9 A8AB5872>4AB20 G5@=>2>9 B>@>9 2 :0G5AB25 ?@>F5AA0 ?>;CG5=8O HB59=0 2K1@0=0 2725H5==0O ?;02:0, @50;87>20==0O 1>;55 G5< =0 3 5 40E 2 @07=KE AB@0=0E 20O AE57>==K< B5<?5@0BC@=K5ABL B5E=>;>388 ?@>872>4AB20 G5@=>2>9 2 . . , >?>2 !. . 803=>7 M=5@35B8G5A:>9 MDD5:B82=>AB8 8 ?@>3=>7 @575@20 8=B5=A82=>3> M=5@3>A15@565=8O B5?;>B5E=>;>38G5A:>9 A8AB5 -, 1 9 9 9 . 45AL: E M B E D E q u a t i o n . 3 C45;L=K9 @0AE>4 >@30=8G5A:>3> B>?;820. ?@545;O5BAO =0 C@>2=5 ?5@28G=>3> B>?;820, B. 5. 2:;NG05B 4>?>;=8B5;L=> : @538AB@8@C5<C 28484C B>?;820 70B@0BK M=5@388 =0 53> 4>1KGC, ?5@5@01>B:C 2 B>20@=K9 284 8 B@0=A?>@B 4> :>=5G=>3> ?>B@518B5;O ( @8A. 1 ) . E M B E D E q u a t i o n . 3 C45;L=K9 @0AE>4 ?5@28G=>3> B>?;820, ?@5>1@07>20==>3> 2 4@C385 D>@=>A8B5;8 ( M;5:B@>M=5@38N, B5E=>;>38G5A:89 :8A;>@>4) , ?>B@51;O5872>4AB2> G5@=>2>9 4 M:2820;5=B=>3> B>?;820 - M=5@35B8G5A:89 M:2820;5=B B5?;>BK, 2K45;ONI59AO ?@8 ?@>B5:0=88 M:7>B5@4 ?5@28G=>3> B>?;820, 87@0AE>4>20==>3> =0 MB0?0E 4>1KG8, ?5@5@01>B:8 ( ?>43>B>2:8) 8 B@0=A?>@B8@>2:8 AK@L52KE 2, ?>B@51;O5872>4AB2> G5@=>2>9 20O AE5<0 8 B5?;82>; 2>74CE; 4CBL5; >BE>4OI85 307K; # CE>4OI85 307K; ( H8EB0; (; H;0:; # :>B5;- CB8;870B>@; ?8B0B5;L=0O 2>40; =0AKI5==K9 ?0@; ' G5@=>20O . A. >:@C60NI0O A@540 A=>2=K<8 AK@L52K<8 <0B5@80;0<8 O2;ONBAO AC;LD84=K9 =F5=B@0B 8 :20@F52K9 D;NA. >=F5=B@0B ?@52>AE>48B D;NA ?> M=5@3>5AB8 2 2 0 & 6 0 @07, ?> C45;L=>4C ( =0 1 B>==C 2 A>AB025 E M B E D E q u a t i o n . 3 4>;O D;NA0 5ABL 3> :>=F5=B@0B0 ( =0 1 B G. 7028A8B >B A>45@60=8O 4=>9 @C45 8 A>AB02;O5B 8 2 7 & 2 5 9 7 :3 C. B. / B G. >B25BAB25==>) . :;04 AK@L52KE 2 2 M=5@3>5ABL ?;025 ?>AB>O=5=, ?>MB>>1@07=> 2K45;8BL E M B E D E q u a t i o n . 3 87 M=5@3>5AB8 B5E=>;>388 ?@>872>4AB20, 8A:;NG82 2;8O=85 A>AB020 @C4K =0 M=5@35B8G5A:89 0=0;87 8 @0AA5ABL ?@>872>4AB20 2 3@0=8F0E ""!: E M B E D E q u a t i o n . 3 ( 2 ) ;O 459AB2CNI59 ""! M=5@3>5ABL ?@>872>4AB20 G5@=>2>9 AB02;O5B E M B E D E q u a t i o n . 3 :3 C. B. =0 A>2>:C?=K9 ?@>4C:B ( 1 B G. ?>AB02820B5;L=>, 4>;O AK@LO ( D0:B8G5A:8, 3> :>=F5=B@0B0) 2 M=5@3>5AB8 B5E=>;>388 ?@>872>4AB20 G5@=>2>9 AB02;O5B >B 4 2 4> 6 9 % . A2>N >G5@54L, 0=0;87 AB@C:BC@K M=5@3>5AB8 ?@>872>4AB20 2 3@0=8F0E ""! ?>:07K205B, GB> =081>;LH0O 4>;O 2 M=5@3>5AB8 3> ?@>872>4AB20 ( 3 9 % ) ?@8=04;568B B5?;>B5, 2K45;ONI59AO ?@8 >:8A;5=88 AC;LD84=KE 2 :>=F5=B@0B0 ( E M B E D E q u a t i o n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m AB8305BAO ?@8 307>2>9 =03@C7:5 1>;55 1 </ A ( ?@8 =. C. ) . @8@>40 ?@54?>;0305B ?5@5E>4 : 30@=8AA06=>9 DCB5@>2:5. 587156=K9 ?@8 MB>AB ?;>B=>AB8 B5?;>2>3> ?>B>:0 =0 >3@0645=8O :><?5=A8@C5BAO A=865=851I59 ?>25@E=>AB8 70 AG5B ?>2KH5=8O C45;L=>9 ?@>872>48B5;L=>AB8 03@530B0. @0:B8G5A:0O >ACI5AB28ABL =5?@5@K2=>3> ?@O3> ?>;CG5=8O G5@=>2>9 3> AK@LO 2 @50:B>@0E A :8?OI854B25@645=0 @57C;LB0B0?KB=KE ?;02>:, ?@>2>48@0B>@88 :0D54@K -=5@35B8:8 2KA>:>B59 B5E=>;>388 >A:>2A:>3> M=5@35B8G5A:>3> 8=AB8BCB0 ( B5E=8G5A:>3> C=825@A8B5B0) 2 ?5@8>4 A 1 9 7 2 ?> 1 9 9 1 3>4K. @8 ?;02:0E =0 >3=52>872>48B5;L=>ABLN ?> H8EB5 7 . 2 B/ ACB:8 ?>;CG5=0 G5@=>20O 45@60=85< 872>48B5;L=>ABL A>AB028;0: 2 . 0 B/ ( @0 2 F5;><, 2 2 . 3 B/ ( <3 G) :0 A;>O @0A?;020. KACH5==0O H8EB0 ?>4020;0AL 2 :0425@30;0AL =0G0;L=>9 >1@01>B:5 2> 2AB@5G=KE AB@COE 3070. =B5=A82=0O 45AC;LDC@870F8O ?@>B5:0;0 2> 2725H5==>5 ( 7>=0 2 ) . 025@H0;0AL ?;02:0 2 7>=5 :8?OI53> A;>O @0A?;020 3 , ?@>4C2059 ?@>4C:B0@0=8O ?@8@>4=>3> 3070 87 D>@:0A0 >ACI5AB2;O;0AL 2 28E@52>9 7>=5 6 A 0:A80;L=KB2>4>2. " ""! ?@>872>4AB20 G5@=>2>9 @20=0 =0 >A=>25 A;54CNI8 $ & ( ^ ` b x @ t v z
@ B n r t Z d
ü縱êܔ܊܃܃x܊tx hM hr$ hr$ hI hO: hr$ hO: hO: 5\ hr$ hO: h hb\ h[ hcpA h[ hv h[ hz' hO: hcpA hz' hz' hz' hO: hz' h hO: h hO: hO: h5u hz' hK h hK 6h hz' 6 , & ( * , . \ ^ ` b @ v x z
R
gdd gdcpA @& gdb\ R R HT
> @ B p $If gdM S kd $$If l 0 x& x
t 6 4 4
l a $If gdM $If gdr$ gd$i @& gd WD p r t \ ^ ` b E S kd$ $$If l 0 x& x
t 6 4 4
l a $If gdM $If gdr$ S kd $$If l 0 x& x
t 6 4 4
l a b d
E < $If gdM S kdH $$If l 0 x& x
t 6 4 4
l a $If gdM $If gdr$ S kd $$If l 0 x& x
t 6 4 4
l a
* , . 0 E S kdl $$If l 0 x& x
t 6 4 4
l a $If gdM $If gdr$ S kd $$If l 0 x& x
t 6 4 4
l a
& ( * , . 0 2 ~ ( @ T V Z 4 6 $ & R X ƼƸƸxt hl h6K+ h6K+ h,_* h~T h+~ h+~ hM h6K+ h hO: hO: CJ hM hO: hM hM hI hI hM hO: hO: 5\ hO: hO: hO: hI 5\ hO: hI hr$ hr$
hI aJ hI hO: hr$ hO: hr$ 5\,0 2 4 ~ E @ B D
~ Z ` d f h j l ü hRS h\
h/wC h\
h\
h\
h/wC hD hq' hq' hp hp hp h> hp hTy hp h 0 hO: h 0 hO h 0 hix hS h hI hS= hI h6K+ hl h2 7 N l d F ! ,# gdD? gd/wC gdq' $gd gdp gdTy gd 0 S kd $$If l 0 L&
t 6 4 4
l a B F# # R' T' ' ' '
) <) F) \) * * `, t, , , , , - . . . . 4 4 : R; V; \; N< T< H= h= j= 8? :? ^@ `@ A A nE E E hy4 h$ h$ h$ h2l h2l h ( h2l h\U h\U hTH h&0 h&0 hD? hTt ho%x hWS hP h{| h:` h:` h:` hD? hTt hK hTt hTt h/wC h\
9,# 0$ &% && T' ' ) \- . . 0 1 *3 4 <5 6 8 : 8: V; N< H= j= B nE E gd2l 1$ gdsj gd\U gd&0 $gdN h>
h> 0J h> h> 0J hN{ h hkN_ hmr
h$ 0J h> h$ 0J h> h$ hTy h$ h6H hsj h.~ h.~ h$ h]25 h.~ h$ h$ h2l h(] ,E F ZF .H 0H TH VH I J PM (P Q S T T T T $If gd] i gd 3 gdVr gd-WT 1$ gdf] @&gdy8 gdTy $gd gd$ K K K L L L L L &M BM LM NM PM M NN PN tN N N N N @O DO O O O &P (P 8P %X X X X NZ s ( $&`#$/ If b$gd S kdc5 $$If l 0 .!& {
t 6 4 4
l a $If gd5| l ' $If gdx l ' NZ PZ \ >^ t_ a a a ~ ~ ~ u $If gd gdf] 1$ gd ] gdx p kd5 $$If l &
t 6` 0 6 4 4
l a e4 n[ [ [ [ &\ (\ X\ Z\ \ \ \ \ \ \ \ \ \ >^ @^ f^ h^ j^ l^ n^ ^ ^ ^ ^ ^ _ r_ t_ v_ _ _ _ _ `
a a a a a Ǻ⫞{tm hu h hx h pD j< h/ hx EHU jH
hx CJ UVaJ hf] hx j: h/ hx EHU j᠘H
hx CJ UVaJ jl8 h/ hx EHU j H
hx CJ UVaJ j hx Uh pD hx hx hx hx h h haJ h] i *a a a a *a a a a a a a a a a a a a a a b b b 4b 8b :b Lb Pb Rb bb fb hb b b b b b b b b b c c c :c c @c c c Jd Ld Nd d d d d ˼֭ j hf] U h] i hf] h$q h$q h$q h) hf] hf] h @ h mH sH h @ h h mH sH hS,W h h hp> h hNH h hu h CJ hV{ h j> hV{ h U 7a a a c @c c Le h k f a \ V 1$ gd gd] i gd) gd @ kd# $$If l &
t 6 4 4
l a * $If gd ! $If gd @ kd $$If l &
t 6 4 4
l a d e e e e Le jf nf pf f f jg g g g g g g g h :h h h h h h h i &i (i *i ,i 0i 2i 8i {l_{WhO mH sH jُ h( hO EHU jZmJ
hO CJ UVaJ j hO U hO hO
hO 0J, hUg hO 0J, j h/ h EHU jH
h CJ UVaJ j h UhO h hUf hUf hUf mH sH hUf j hf] Uj h/ hf] EHU jH
hf] CJ UVaJ hf] "h .i 6i 8i fj k m Pp >q nr u x ty z u p p h 1$ @&gd{| gdVr gd 3 1$ gdf] gd"v S kdo $$If l 0 .!&"
t 6 4 4
l a $If gd5| l ' $If gdO l ' 8i bi i i i i i i i i dj fj j j j j j j Hk k k l &l >l @l Zl \l zl m m m m m m m Pp ȱțȗ|m`|\ h"v j3 h/ hDy EHU j᠘H
hDy CJ UVaJ j hDy U
hDy 0J, hUg hA 0J, hA hDy hUg hF~j 0J, j h/ hF~j EHU jH
hF~j CJ UVaJ j hF~j UhF~j hUf jΒ h( hT, EHU jnJ
hT, CJ UVaJ j hT, Uh ;V hT, h: #Pp >q lr nr r s 4s s s s s s 0t :t h>
h> 0J h> h> 0J hy h~J
h%c2 h hk h_ h| h| hf] hf] h| hA h2 hqh h"v h, hf] 7ty J| ` V h ^ T @ kd $$If l &
t 6 4 4
l a $If gdX" gd ]
& F gd ] 1$ gd gd{| gdyd gdo gdy gd&B gdd: \| r| v| Z~ d~ f~ ~ ~ ~ ~ ~ ~ ~ ~ ` b j p r
" , 8 T Z x ~ ^ l : B D F H J L N P R T V ݿݿݿݶݿݿݿݯݿ hO, ho hUg ho 0J, h5. ho h*n hl h hER h- ho ho hG h? h f h5. h&B h&B hy hCu E ʃ Ѓ > ~ ք B D Ȉ ʈ 0 4 ؉ ډ ( * 6 f * ^ Ѝ > P T f j ~
" \ ~ ¾ h~J
h ] h U h5. h ] h ] h{| h"v hU hO hW ho ho H*ho mH sH h: } h? h*n h5. hyd hyd h5. ho ho @E M=5@3>A15@530NI8E ?@8OB89 ( @8A. 5 ) : =5?@5@K2=0O B5E=>;>38O ?5@5@01>B:8 AC;LD84=>3> AK@LO =0 G5@=>2CN ;=>5 8A?>;L7>20=85 D878G5A:>9 B5?;>BK ?>;C?@>4C:B0 ( H8EBK, >1>@>B=>3> HB59=0) 2 ?>A;54CNI8E ?5@545;0E; 8A. 4 . ?KB=K9 ?;028;L=K9 @50:B>@ 1 :0 2AB@5G=K<8 AB@CO=0 2725H5==>3> A;>O; 3 7>=0 :8?OI53> A;>O @0A?;020; 4 @0A?@545;8B5;L=0O @5H5B:0; 5 D>@:0=0 ?@O35==0O >:8A;8B5;L=0O ?;02:0 =0 G5@=>2CN 9 DCB5@>2:>9, @01>B0NI5=0@=>< @568;L7>20=85 D878G5A:>9 B5?;>BK >BE>4OI8E 307>2 ?;02:8 4;O 2K@01>B:8 ?0@0 2 :>B;5- CB8;870B>@5; 2=5H=55 B5?;>8A?>;L7>20=85 D878G5A:>9 B5?;>BK H;0:0 8 >BE>4OI8E 307>2 ACH:8 H8EBK; 2K@01>B:0 ?0@0 2 A8AB53> >E;0645=8O ?;028;L=>3> 8 >154=8B5;L=>3> 03@530B>2; ?@8@>40 ?@8 ?;02:5 AC;LD84>2, 0 B0:65 ?@8 >154=5=88 H;0:>2 ( 4;O ?>2KH5=8O :0G5AB20 2B>@8G=>3> B>?;820 87 >BE>4OI8E 307>2) ; 8A?>;L7>20=85 ?@>F5AA0 ?8@>;870 ?@8@>4=>3> 3070 4;O @535=5@0F88 B5?;>BK >BE>4OI8E 307>2 >154=5=8O H;0:>2 8 ?>;CG5=8O A0652>4>@>4=>9 A;L7>20=85 B>?;82>- :8A;>@>4=>3> 8AB>G=8:0 M=5@388 ( A0652>4>@>4=0O A;>38G5A:89 :8A;>@>4) 4;O 8=B5=A8D8:0F88 >154=5=8O H;0:>2. 8A. 5 . "5?;>20O AE5<0 8 B5872>4AB20 G5@=>2>9 B5;- CB8;870B>@; #" - CAB0=>2:0 2=5H=53> B5?;>8A?>;L7>20=8O; & - :>=45=A0B>@ F8=:0; ! - A8AB53> >E;0645=8O; "# - 2KA>:>B52:0; - ?8B0B5;L=0O 2>40; - =0AKI5==K9 ?0@; Q ?>; - ?>;57=>5 B5?;>2>A?@8OB85; Q >A - ?>B>: B5?;>BK 2 >:@C60NICN A@54C; B" - 2B>@8G=>5 B>?;82>; !! - A0652>4>@>4=0O A4=K9 307; - 2>74CE; - 4CBL5; - >BE>4OI85 307K; # - CE>4OI85 307K; ( - H8EB0; ' - G5@=>20O 1>@>B=K9; (; - H;0:; >1 - 4>102:8 B@5BL59 3;025 2K?>;=5=K @0AG5BK M=5@3>5AB8 ?@>872>4AB20 G5@=>2>9 <548 2 " ""! 8 B5E=8G5A:8 @50;87C59 ( ?@0:B8G5A:>9) 45;8 ( " ) ""!, >?@545;5= ?>B5=F80; 8=B5=A82=>3> M=5@3>A15@565=8O, A45;0=0 >F5=:0 M=5@35B8G5A:>9 MDD5:B82=>AB8 ?@54;0305<KE ?@8OB89. -=5@3>5ABL ?@>872>4AB20 G5@=>2>9 65, GB> 8 2 ( 2 ) , => 2 " ""!; E M B E D E q u a t i o n . 3 - M=5@3>5ABL D;NA0 8 ?8@8B=>3> :>=F5=B@0B0, ?>B@51;O5F5AA5 2>AAB0=>28B5;L=>- AC;LD848@CNI53> >154=5=8O H;0:0. -=5@3>5ABL ?@>872>4AB20 2 " ""! A>AB02;O5B E M B E D E q u a t i o n . 3 :3 C. B. ( =0 A>2>:C?=K9 ?@>4C:B, 2:;NG0NI89 1 B G5@=>2>9 2@5?>AB02828OE 2 1 7 5 :3 C. B. >B5=F80; 8=B5=A82=>3> M=5@3>A15@565=8O - :@8B5@89 >F5=:8 ?@8=F8?80;L=> 2>76=>3> @575@20 M=5@3>A15@565=8O 2 459AB2CNI59 ""!: E M B E D E q u a t i o n . 3 ( 4 ) 5;8G8=0 >?@545;5=0 =0 C@>2=5 1 0 7 5 :3 C. B. =0 A>2>:C?=K9 ?@>4C:B, GB> A>AB02;O5B 4 9 . 4 % >B M=5@3>5AB8 459AB2CNI53> ?@>872>4AB20 ( 2 1 7 5 :3 C. B. ) , GB> A2845B5;LAB2C5B > ?>B5=F80;L=>9 2>76=>AB8 7=0G8B5;L=>3> A>:@0I5=8O 70B@0B "- 4;O <5B0;;C@38G5A:8E ?@54?@8OB89, C65 ?@835==K5 A?>A>1K ?;02:8 ( B0:85 :0: 2725H5==0O ?;02:0) . @0:B8G5A:85 2>76=>AB8 M:>=>?@545;ONBAO ?> ( 5 ) : E M B E D E q u a t i o n . 3 ( 5 ) 45AL E M B E D E q u a t i o n . 3 M=5@3>5ABL ?@>872>4AB20 G5@=>2>9 @<8@C59 =0 >A=>25 " ""! A CG5B>9 =57025@H5==>AB8 B5?;>>1F5AA>2 2 B5@L B5?;0 2 >:@C60NICN A@54C; >?@545;O5BAO ?> ( 3 ) , => 4;O ?@0:B8G5A:8E CA;>289. -=5@3>5ABL ?@>872>4AB20 G5@=>2>9 AB02;O5B E M B E D E q u a t i o n . 3 :3 C. B =0 A>2>:C?=K9 ?@>4C:B, A;54>20B5;L=>, ?@0:B8G5A:0O M:>=>F5=8205BAO 2 8 3 2 :3 C. B. @8 MB>AB8305BAO 8A?>;L7>20=85 ?>B5=F80;0 8=B5=A82=>3> M=5@3>A15@565=8O =0 7 7 . 4 % 8 A=865=85 M=5@3>5AB8 ?@>872>4AB20 2 3@0=8F0E 9 ""! =0 3 8 % ( A 2 1 7 5 4> 1 3 4 3 :3 C. B. ) . >MDD8F85=B ?>;57=>3> 8A?>;L7>20=8O ( ) M=5@388, CG0AB2CNI59 2 @50;870F88 B5?;>B5E=>;>388, >?@545;O5BAO: 4;O 459AB2CNI59 ""! ( 6 ) 4;O " ""!
rittal
ubiquam
man
stiga
hp
32
5003.17 ()
, ,
man
babyliss
danfoss
metabo
snr roulements
kyiv apartaments service
ardo
metrobond
renu multiplus 355
soflens comfort
-95
mastercard
-
kyiv apartaments rent
datamax
mobihel
protherm
775
dr
5004.14 ()
icq
dimplex model plasma (sp9)
zanussi
-