.. ..
, , 1 53 852 47 144
2 91 153
3 400 400
4 5 832 5 350
12 2 0
60 177 53 047
5 26 854 17 108
6 26 821 24 648
7 1 545 1 259
9 23 310
78 530
138 707 115 304
10 39 433 39 433
10 11 037 11 050
6 573 6 573
! /!/ 18 973 13 841
!/! 32 933 18 921
108 949 89 818
" 11 21 64
12 0 125
12 1 809 1 613
1 830 1 802
" 13 43 43
20 118 17 040
# 6 982 5 559
785 1 042
27 928 23 684
138 707 115 304
: ............................
(
. )
: ….......................
(. )
"+ !"" "
#
$ % &' 31.12.2022 (.
.)&
123028180
Vladimir
Valentinov
Spasov
Digitally signed by
Vladimir Valentinov
Spasov
Date: 2023.03.10
16:06:39 +02'00'
Marin Petrov
Marinov
Digitally signed by
Marin Petrov Marinov
Date: 2023.03.10
16:09:43 +02'00'
Rositsa
Metodieva
Trichkova
Digitally signed by
Rositsa Metodieva
Trichkova
Date: 2023.03.16
08:08:13 +02'00'
..
..
# "!"
$ !
18
217 135 151 482
$ !
18 3 392 397
,
19
(108 732) (69 522)
%$
19
(14 130) (10 136)
%$
19
(52 712) (41 344)
%$
19
(9 651) (9 412)
$
19
(1 129) (1 120)
& $
19
2 476 716
*+ , -. ,,
36 649
21 061
' $/$
20
(53) (27)
*+ - -&* +(
36 596 21 034
)- ) -&/
21
(3 663)
(3 663)
0
32 933
! "!"
32 933
18 921
$ 0.84 0.48
: ............................
(. )
: ...........................
(. )
"+ !"" "
123028180
# !% "!" &' 31.12.2022 (.
(. )&
Vladimir
Valentinov
Spasov
Digitally signed by
Vladimir Valentinov
Spasov
Date: 2023.03.10
16:07:04 +02'00'
Marin
Petrov
Marinov
Digitally signed
by Marin Petrov
Marinov
Date: 2023.03.10
16:10:57 +02'00'
Rositsa
Metodieva
Trichkova
Digitally signed by
Rositsa Metodieva
Trichkova
Date: 2023.03.16
08:08:34 +02'00'
..
&' 31.12.2021 (- 39 433 11 050 6 573 32 762 89 818
(
(13) 13 0
% !
0
!
32 933 32 933
(13 802) (13 802)
&' 31.12.2022 (- 39 433 11 037 6 573 51 906 108 949
: ............................
(
. )
(
. )
(. )&
"+ !"" "
123028180
# % &' 31.12.2020 (.
/
,
/&*
)
,0
*+
+1
"0(
)
: ...........................
Vladimir
Valentinov
Spasov
Digitally signed by Vladimir
Valentinov Spasov
Date: 2023.03.10 16:07:22
+02'00'
Marin
Petrov
Marinov
Digitally signed by
Marin Petrov
Marinov
Date: 2023.03.10
16:12:55 +02'00'
Rositsa
Metodieva
Trichkova
Digitally signed by
Rositsa Metodieva
Trichkova
Date: 2023.03.16
08:08:50 +02'00'
. .
:
242 093 157 566
' 3 392 397
(156 426) (95 819)
(51 109) (40 102)
/ $
1 3
$ $
(4 020) (1 818)
, * ,/ , , -. ,
33 931
20 227
# , , , !
(16 382) (7 596)
. 196 98
! 53 90
( "
'
, * - ,, )) ,/ -. ,
(16 133)
(7 408)
! :
" (46) (68)
(11 396)
$, ,
/ "
, * - ,, )) & 2 -. ,
(13 730)
(11 464)
, 0* *, - , *, ,
4 068
1 355
* - , * , *, -
19 242
17 887
* - , * , 3 -
23 310 19 242
: ............................
(. )
: ...........................
(. )
"+ !"" "
(. )&
123028180
# # 4 &' 31.12.2022 (.
Vladimir
Valentinov
Spasov
Digitally signed by
Vladimir Valentinov
Spasov
Date: 2023.03.10
16:07:41 +02'00'
Marin
Petrov
Marinov
Digitally signed
by Marin Petrov
Marinov
Date: 2023.03.10
16:14:54 +02'00'
Rositsa
Metodieva
Trichkova
Digitally signed by
Rositsa Metodieva
Trichkova
Date: 2023.03.16
08:09:08 +02'00'
!"#!$"!$%&'()%
!"#$%&'()$*'%+ !"#$%&'()$*,'%
-+ . /012/0110
%+3+4+ +5*.67
8'9
&+/1::;9
9 % 9 < * '% = 9
+> 8'&'-)'?$?'#=)%*'%43/46@A !"B10*'%
43:4:@ $?%C8&$'),?'-$8')#=)%$?*'%4346@
9/%+94
49+++8+
+
%+ + > % D 84 $
% %4 ( $E ==%4 ( (4 !* ==%4
!''4 F,==%4,5
(C+4F-#*'%GD(
$+> ($E==%4(
( !* ==%4 ! ' ' -+ +
((
%+ 4 3 > ( -4 D5
#(%
- 5 5 + 4
H
59+//+
* * *+, +- ,., +
/,.,,
0)%!"$$!$%
-+3
!+I!J=K4!+
I!K4>!+4
!+ &4 &
!+ L I&!J=K -
& I-&K4 4
,53IK
M +3 + 2
4 !+ I!K
4+5
?3 - 9
9
( + H
„+ ” --
%+-H
J953
"%%'("1%2&("%!$($%3%!"""$4%$
%+ 4 !J=4
+ ,4 +
%+ 4 3 + 4
H++9%+>
• $!J= / D94! 6 $4 4! /0
-4+++4,
• 7B+4,
$($% (0!%0%'("1%!$($% 5"%$"!%%"$%!'(%$%"$
"!))%!%)
4
3+3 4 ,
43+4B%+
?3H+%+&
%+
4 3 -B+
>
• $!J=0MH+/4,
• $!-4!J=$>
=4+/4,
• $!749
>=94+/4
,
• $!%9H+H>=9
39+/4,
• $ !J= 0 MH > - !J= 0
!J=1G9+/4,
• $ ! - > 9
+3+34B+:43,
• $!J=6)>M
B+:(3,
• $!J=: =+9*+64
,
$4$)&$
J+9++
,5&6%%$5&6%5$%%
'9+35>
• +
9A
• 9+A
• 9A
„+ ” --
/
• I 9 !J= 0K4
+ 5B
9
'9+39+3
1"$% 17%%%!"(2%0
' 4 !6
9B0'49
B+3H
-9
4 ! 6 9
+9++9
- / !J= +
94
<N+9H4H
-HN5>AAH
94+9
4
4
-3 H4 4 +
549!6
&H+3+4+
D54>
BA
B +
A
- + +
!O44
3P 5 4
4
$4 5
-N
9-
9 ! 7 4
9
( +4 +5 +94 ++
94H+
+5
-9+54>
+(&' 4$"" 4
:@ :@
!+ @ @
:@ :@
N ;@ ;@
8 ;@ ;@
;@ ;@
8 @ @
!/6 93+
94549(+5
9 5 +
9
„+ ” --
:
1$(%)%5$%%
- +9
4
+!/7
-9<
!/7N>
B+949H++4
A
BHA
?495
- 9 + + 4
>
+(&' 4$"" 4
-+ ;@ ;@
%!"%5$%%
-!/!J=1J
4
+ + =5 +
+ G 4
IK+
)!%3%58%0
J4+9F*
4 5 + * 9
3 9IK H
& 9 +
-F* 4
5+*54N
H4
- 9
54N4 +5 4 9 5
+4 H 4
%+ 9 9
54 5 + H H 5
++>
K+A
KH9
%954+>
K 4 9
49A
K +
9439HH++9
% 9 5 + H H4
+>
K 4 9
944
„+ ” --
;
K +
9439HH++9
% 9 5 +4
9 5 5 + H H
: :' !J= 1 - %+
9+4
H95+43
5+HH
%+
9 5 +4 3
9I
FK4 +5 9
+H
+9>
K5A
K5+HHA
K5+
+ 34
9 H + 5
H4 9 8
N + +3 4 + 9
9+4G+3
4)#%%9&#%"$3%!"%5$%%
)H H 4 5
H94H
%H 9 4 9 4
5+4HH4
+4+H+H
J+4
+I9K4H+
H3H++9
H943
H+>
• H
H+4
4A
• 3 H+
4A
• H4 3
H+4H+
>
• 4
4
• 4
3++
-9+5I9
K + IN
+K+
„+ ” --
6
-99
9+
-9!J=14
9 5 4
95+HH
(%$% $(9"!5%%(&9%1%0
34
4N>
• 4 343
9 + 4
5+A
• 4
A
• 49
94N+4
9
94
4++422
45
-H43
+9N
- %+ 9 4 3
I!J=;K49
I!J=;K
%+ H 9 4
-H+34H5H
584+
$
4 N4 +4+H
4345B
(%4%!(!$
- N 3 4
B45+B/94
9
-4 94 3
+5
!$%8%%6(% !"8%%(%%!1!%'('(%0$%0
(99252
! 9 252 94
5 9 9 252 -
H 9 4 + +
44-+
4 3 4 9
92529
$9 3 9
252
$9 9 9
252
„+ ” --
0
$9 9 3 9
5 9 4 + H
H4!J=1
$9 9 !J= ; 2
N + +4 9 2
!J=
$(%)%'!%
-!
! 9 B > 9 +
5 5 + H
++44+H4
&H4+944+3
H++9>4
+ H4 H
-95
? + 5 9 H
5 + 9 H
94H35
4+59
4935
4 H
H4334
+
- 4 +
H45H
,(9"!5%%(&9%1%0
9 4 4
++422
(45
(45
-H43
+9N
8%!$"0
%9 4 9
8N>
B+9H+H2+
++3H3+
B+ H3
++3H3++9
8+3+3H9+4
45B
3
„+ ” --
7
"#!$5'%$)
>
=N3>
• & G 5
9
• $+ 9 B 5
' + 4 +
I+9K? 4
+ +4 4 +
8+ 9
+ + - +
-+
H 8 H 5 N9 + 4
+ 4 + + -
H I
9H+HK4H4
4 +5 H &H
44H
&N3>
• &39G+
!J=A
• -B++
• =3G+8
&D+
• %+G+9
J+N3>
?+H
-2+
1%!(!$ '("!$%"$(2$
D ! 3
24 9 4 4
9+2H+
3+5
8N34+
5 4
D444
+4 43 + + +4
+5
D 4 H4 4
D4
5
D4HH
3 4 H 4 5 H
4+
„+ ” --
1
,5&6%%$5&6%'!%%
-9+345>
• +9A
• 9+A
• +9A
• + + 5B
9
-9+39+3
-9+34+9
4>
• B9A
• ++
N +
%!"%'!%%
J 4
++%+
4 9 : : !J= 1 9
; !J= 1 %+ 9
954N>
K 5 + 8 4
N4495A
K4H43
+4H3+9
/;/0!J=1A
K 9 +
9I:4+KK!J=1
B>
• 5+A
• 5+4+4++5
H4!J=;
J9354
H4N+4+
9 5 +4 9
5+
-2245B
444++
-+52
24 5 H 4
4 N H 4
H
,(9"!5%%(&9%)2%0
4 +
+4++4
4
95
45
*)2%051'(!")%'("%%%)9"!("4%":"%'(!")
„+ ” --
8++9+F!"#$%&'()$*'%
+ 5+3
+
& + + M N %==
(++94
+=+H
IK4+4
IK
HI+945
+HKHH45
+ H +3 I +
3+K
-H
-H+45+3
+9+3+
- D +
M%+N
+9 4 +
+3 +4 + M
H4
++
-H
M%+ H 4
3H4+++
+3HH
$H4
9 %+ H 9 H+
H 94
H
% 9 H %< D I
+K9
-94 3 H4 N
+4+HH?HH+H4
H4+
4%)2%0
8+3
98N>
B8+3H+H+3H4
B8+39+
8+3+3H9+4
453
8%(:&'4)#$
8+39H+
G M H
+%@
$!("4%8%(:&'4)#$
„+ ” --
= +
H5
==
+4
4 3
4
D5+94
34
=944+
94 3
9
= 9 4
45343+IK4
4+
("%%%
- 4 + 3 + 4
+42+
+4 3 - +4
9545B
9 H4 H
+ 4
99I9K45+3
959
4)#%)%9&#'(%"
- H H
+4!J=+
?!J=49
++3%+!J=
+HH49=3HH4
N+
(%:"%
4H!J=; -H
F =5 H %+ +9
-H%+4H+3
2 ++ H H
+ H 3
23++=9%9
+5>
3A
I+4 + 3
FKA
/ A
: +39A
; 3+ 4 +
4+
- 9 + 4
454++
„+ ” --
%+4 + %4 5 5
349
-+IK
4>
(A
%++99
IKA2
/ +
- 9 %+
9H9
432++2
2(3
H 2 ++4 I
K %+ H
+ 4
+
-H 9 <
4%+4N
+4-94%+
+5
-H4%+4+9
?3H++-
%+ 5 94 3 5 +9 2
2++H
- H+ +92 H
4 5 2 +
+92 ++
+3
H+++HH4-H
%+IK
< 5N 94 9 4
- N 9
4 3 9 ++
H
(%:"%"$)%:%%%%$%
-H H4 4 4
4 + H
9
-HH44>
• HH!J=1A
• 4 9
+A
• 4++
?H + H 9 B H
+
H
„+ ” --
/
% 9
+ + + 4
( + +
4 + B
H3H+9
-H + 4
+ +4 N H4
+ +4 4
H49+H
(%:"%"$1%
-H22
! 34 4
++
:"%
-+3H5
+99H5
&H 4 3 4
+49
HH5B34H
9+9
&HH4H3
43
&H9+3=95
33
JHHNHH
HH4++94+
%!"%(%!5"
&4 + B +
3+
)
&4 3 3 + 4
-
&4 5 3 9 + 3
9->
(+
„+ ” --
:
&4 5 3 9 + 3
+
)H
&4539+3
H9
%+9
&4 5 3 9 + 3
9I43H+
K4 4 9
+ 4 4 3 H+
+4+
- 9 + 9
+H++
-H
35$%"$'("1%$)&$%$5&(!"
J+9 + (+
8 H
Q+ + + +9 +
+ + +9 +4
+ + + 9 + D ? D
ID?DK+4+43+
9 9 +4
4
H + +4 + 4 5
4 N ! + 4 3
94 3 9 3
9+5
- 9 9 + +
+3
-9 + + / 9 3
N+D?D
'()%!$";"!$
!J= / 4 + !J= 9
595
59H5
++99
&95!J=/3
945+!J=
'45954>
A+4++A
-95+
++9944
5
- 9 5 H
4 +9 3 9
98HN>
„+ ” --
;
BA
B44A
B+
(5HH+9
H3+9
=9 5 4 5
++9H9
++
=954H
>
BA
BR5B
'49594
9+9B9
5
M49
+594
+H(+9
5-5
9449
4'+!J=
959
54 3 +
+4!J=+
!5
( H3 54
95%5
4 9 9 H
5 + +9 + 9 +
! 54 9 54
#5
- 5 9 5
NH+N
H
%%9
%+4+44
!J=6
?IBB
+ K +
9%
4 H3+
M
H+9
9>
S+3A
„+ ” --
6
S99
-4>
S 4 4 3+ 9 + 4
+4+3+9A
S443+94
+4++9
- 4 +
4 + + 9
++9=9+I4
9KN4+
+ I K =9 9 4
3 3 4 9
+ 3 H+ 9 -
9 ? I4
+B+K
*<
*N>
S9A
S344++
A
SH4+4++A
S H 4 + 3
4454
4A
%+ *B
'H+H
4+' *
4H9G&H
9 H H M N 3
53>
S 3 IN 3 3K4
33+A
S3439A
S 9 + 9 +4 +4 +B
+39A
S394
+ 9 +B
+A
S95
)3 H 94 4 5
9 H 9 +4 5
34+5H4H4
H ) 3 IK
HIHK3I9KJ
H H H I + K
+ 4 H
9394
H*-39%+9
„+ ” --
0
* ' *
9 4 +
94+99499
%+93>
S+54HA
S543A
S 9 5 4 9
A
S954H
=
)+4>
S+H4 *
A
S++49
+ H + 9 9
(+5454
*
'
4+>
SA
SA
S 9 4 3
945H94
+9H9
445
34 -3
4 54
34N 9
+3H HHI+
K
(+9
4J45+3
43H+4
H+
54
9
? 9 +
3 54
4H&+5
I + K 5
H H I + K
IKH -
H +3 H H
H
-%+3
H+ -
N4+9+
„+ ” --
7
N+3H-H
5 -
H+4
5 5
(%)%8%!)5%12&$0:
- ! : 9
+9H+4+++9
49
#%$%0!)5(0"$4$%0'(%"
444
+ 4 + +
++
&>
4+43+I3KA
4 +4 I3
K
-+443
- +4 4
33
34
4
933>
A
9 + 4 9
:"%'"1%
-!/H
&H 4 4
3 + 4 5
%+HH
=3+45H
+
&H543+4
33H
9
&H 4 4
3+4 H 4 H
4H3+
-H53+
9
-+H4
3+
-9H4N
54 H 3 +
+
„+ ” --
1
$4$'(4%%$'"$"8%
-9
9
-999>
• =5
• $95
• J5
<!)"%5$%%%'!%%
C>
• 4 3+ 3
+3
49A
• 34443>
- + H H3 +4 3
A
B+A
C 453+3
+34
9
C
4$""%'('")"2%0%'(%#)%%$)%!4$""%'(85%
( + +4 3 54
9949-99
5B+9
$ + 9
H-!+
9
544HH(
5B 94
%5+H
%944
4 + + 9 +
- 9 H
9
(94
9
+ +
94
9
, 94
N + + 4
34
„+ ” --
%49
4 4
54
+(75%
+
3
94 4 5
++4
++4+
A
8 N 4
4
! 7 4 94
-9
+3 4 34
++
- 3 H
4++>
• + H 4
A
• +54 5B H 4
4
H 4
5 9
++
$4$'("1%$!"#!$%05'%$)
-43>
• 3+HHA
• 4
4!7A
• 4 5
4+>
B+A
B+HHA
B 9 94
9
„+ ” --
/, / ,,, +-
,.,
+-,.,*,/,
=>1"$% 17%%%!"(2%0
H
$4$!$";"!$ 1"($%8%0 )!"
-
(
(
(
?
=
( (
?>
@AB@
=CC
CDEF
@EAD
=AB
17:
A=
??>
B ;/
:7
:17:
BAGB
B ///
/7;
0
//;/6
67
/:
/
/1
@DF=E
B
4
+
;1/
6/;
0::
/::7:
770
077
:06
7/1
@H@BF
B :07
11
//
;::
0
/;
//
1
BCF
B :01
6;
;:/
6;
;1
/:
@=A
B%!'9 ;/
6/0
;;//
/;
=CF@
B /0:
/0:
7
1:
0:
=DD
#6"9(&'??I =H@=HC
C@DCE
=HCGC
=EEG=E
==FD@D
ABFE
F=@
=@CAHF
FCGF@
J???K =HF=DF
C@=ED
=HCGC
=GDGA@
==EG=D
AHF=
F=@
=@HABA
FCABC
- / !J= +
9G/5
94/0H
@>)9"$(;%1$(%)%5$%%
H
$4$!$";"!$
1"($%8%0
)
!"
-
(
-
$
(
(
?
=
(
(
@AB@
=CC
CDEF
@EAD
=AB
17:
A=
C>!$%8%%6(%%!"8%%(%'('(%0$%0
C=>=@>@D@@
C=>=@>@D@=
<4!$%06(%'('(%0$%0
:%)>)>
:%)>)>
TUVWXYUZ[W\]U^WZLLB&
_"`YaZ[Wb]UcdLef[g[WhiXUiiULh
::
::
HB
HB
<4!$%!"8%%(%'('(%0$%0
-#8==%
-'%
//;
//;
CCH
CCH
.<.,
BDD
BDD
( !J= 1 J +4 7
+ %+ HHF
„+ ” --
3 5 9 +
H44+
!J= 1 9 +
5G7&
+ 5 5
&59+
B7-4
?459
/
B>$5&6%$(9"!5%%(&9%1%0
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
/6/7
/7//
%9
%9 1:
;0
!%45"$(9"!5%%(&9%1%0I
FGC@
FCFD
- + /: 8
3 + TUVWX YUZ[W\]U^WF jkk4 6 H -
;+/:
83+ TUVWXYUZ[W\]U^WFjkk46H
;;H-
0+/:
83+ TUVWXYUZ[W\]U^WFjkk4;H
, - 3 + TUVWX YUZ[W\]U^WF jkk4 4
;H-3+ TUVWX
YUZ[W\]U^WFjkk44;H
- 3 + TUVWX YUZ[W\]U^WF jkk4 4
H
%+945
F>$(%)%'!%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
! 0070
07:
+9 /:/
;7
/
? 00:
;76
!%45"I
@HGFB
=E=DG
?/
? N H4 3 H N
/
„+ ” --
/
H>,5&6%$(9"!5%%(&9%1%0
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
(9 0;:
7
:601
///
/
%9 ;7
6
:
%+ :
6
;
-H 6
66
!%45"$(9"!5%%(&9%1%0I
@HG@=
@BHBG
E>8%!$"0
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
%9
%% ;:;
;1
!%45"8%!$"0
=FBF
=@FA
G>,5&6%3%!"%5$%%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
)H
!%45"3%!"%5$%%I
D
D
A>(%4%!(!$%'(%4%5%)$%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
-
;
-3 0/7;
/7
/
;1:
61
#6"'(%4%!(!$
@CC=D
=A@B@
, ,
, , ! . "
# 31.12.2022
., 31.12.2021 .
(5N;H
=D>"#!$5'%$)
„+ ” --
:
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
= /1://
/1://
& 06
06/
&39 /0
;
M /1:;
/1:;
/
%+ 67
67
/
? 710/
/7:
:
8+3+ /1//
71
!%45"!"#!$5'%$)I
=DGABA
GAG=G
!"#F'%+='40;7
4/M--</194
543/1
& 9 9
!J=
-+9(+
95/H4N5+
==>$5&6%3%!"%'!%%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
-
!%45"$5&6%)2%0I
6:
=@>!%%'""$!("4%8%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
$!("4%4%5$%% CDE
=AC
++ /0
1/
$!("4%4%'!%% CDF
C=G
-9 /
/
'9 0;
77
!%45""$!("4%8% L@
=@F
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
":"%'(%'&!5
1809
1613
„+ ” --
;
=C>,5&6%3%!"%'!%%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
-B :/
:/
!%45"$5&6%)2%0I
BC
BC
=B>,5&6%$(9"!5%%(&9%)2%0
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
%9 71
;:;:
-+ ;
0
/
M 00
6:
:
%+ :0
:;
!%45"$5&6%)2%0I
@D==G
=EDBD
=F>*)2%051'(!")
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
=
*)2%051'(!")$>4> FGHE
BFAH
8+3 /007
//
% ;7
:
/
?+ ;0
6/
@
*)2%051"!%9&(%$)%"(9%8%% ===F
AHC
HAG@
FFFA
=H>4%)2%0
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
% /;
6/:
%H+H9 /71
/6:
/
%+9 :6
::
!%45"$5&6%)2%0I
EGF
=DB@
„+ ” --
6
,.,*,
=G>$%'(%:"%"$'("2#%
C=>=@>@D@@
C=>=@>@D@=
(%:"%"$;"!$$ :%)>)>
:%)>)>
-H+9 //:/
:716
-H++ 67;
/ -H+ 0
:::
@=E=CF
=F=BG@
&H4+9++4>
C=>=@>@D@@
C=>=@>@D@=
(%:"%'"'(% :%)>)>
:%)>)>
$ 7;/0
/0
( 171
1767
@=FD@G
=FDDCG
C=>=@>@D@@
C=>=@>@D@=
(&9%'(%:"% :%)>)>
:%)>)>
- /;/
? /
0
/
-%' :
;
:
%+ ;7
;
J //1
/10
FBAA
=GB=
=A>:"%
31.12.2022
31.12.2021
$..
$..
&H
108 732
69 522
&H++
14 130
10 136
/ &H9
9 651
9 412
: &H
43 769
34 581
; &H+
8 943
6 763
1 %+H
1 129
1 120
6 D5
328
218
0 $ 5
+9
-2 803
-781
7 &H%'
-1
-153
!%45"(:"%;"!$$
183 878
130 818
„+ ” --
0
:"%1$(%)%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
= 71;0
6/
6;1/
0;
/
;6
0/
:
= 700
::
;
& 0:
/;
6
'9 ;
66
.*, =DGEC@
HAF@@
:"%7%&!)&9%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
(9 ;
/
8+3 16
6;1
/
& 6
0
:
+5 ;;
;
=H+ :
:
6
MH ;6
/
0
%+++ /
671
7
%9 /;
0/
1
? 01
/
+9 06
67
8 /;06
6/0
( :;
;
.*<<+ =B=CD
=D=CH
:"%'(!")
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
M :6
//;7
?+ ;0
6/
.***, BCEHA
CBFG=
:"%"!%9&("5%>
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
9+ 61
;6
9++ 1/
6
/ &H95 ;;7
:10
.* GABC
HEHC
„+ ” --
7
(&9%(:"%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
/:
7
?
/
-+ 0
0
:
%9H+H :6
:;
;
+ :/
1
6
%+ /;
0
-H /1
7
% 0:
7/
1
=3 0/
1
0
:
?+5 :
/
)H 0
.<+* ==@A
==@D
@D>%!"%'(%:"%%(:"%
J$?'?=($-&$#=%$
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
-HH
-
++ 7
/
%+H
!%45" @=A
==C
J$?'?=($&'M#=%$
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
&HH /
;
=9
++ 06
61
/
%+H 1/
66
!%45" @E@
=BD
,M*
-53
-27
„+ ” --
1
@=>:"8%
C=>=@>@D@@
C=>=@>@D@=
:%)>)>
:%)>)>
1
%9 /66/
/
2
%+
!%45"(:"8% CHHC
@==C
<+,
=>(%)%8%!)5%!!!(%)%8
%+9>
%8 &'(206%4%$)")%0%'('(%0$%$"I
-#*'%4 !"G10*'%4 $+BH*'%
6(%'('(%0$%0(&2!$"$"I
TUVWXYUZ[W\]U^W*ZLLB&4 !"$*,==%
F_"`YaZ[Wb]UcdLef[g[WhiXUiiULh*lXmYG
N
39+
)5%!!!(%)%8
9 +9 TUVWX
YUZ[W\]U^W*ZLLB&4560H+ TUVWXYUZ[W\]U^W*ZLLB&
5 /7 H - F_"` YaZ[Wb]Uc dLef[ g[WhiXUiiULh* lXmY
1;6 H + F_"` YaZ[Wb]Uc dLef[ g[WhiXUiiULh* lXmY 6
H
@>%!"%(%!5"
(H55+4
5B>+4M3+
+H+994H
H++J+394
N 3 H4 9
++4+49
4+99
- 9 + 9
+H++
-B+4+3
54H+
(%$(%!5
- 3 5 + 4 5
5+95
J + 9 +> 4
4
- + 39 $
' D*'%4 &55 D*,'%4 =DD*'%4 %* '% &4
94+3
%5%(%!5
)+9+3
+ H 8
+ 4
5 8+3 +
3 3 B
4 H 9 3
3
& + 4
3+
((%!5
„+ ” --
/
%:(%!5BH5435
+H9++
+3
)&$(%!5B+435+
+ +( H nop 4
+3
C>)N4"%'(%#)%%$)%"85%%'(85%(5""!$"$"!%!"5!%9&("!$
( 3 5 4
4 H H
9(5B9
94 %5
+H3
C>=>#851$(%)%'!%
G
4 +94 4 4 + 4
+5B5-/6
+99
C>@>#851%0
9
+
=9 4 9 4
+9+H+
M>++
49++
9+99
C>C>#85%1"$% 17%% !"(2%0%"#"(&
/ + 5
-4+439
!/6F=9*-%!'
4 + 5 HH+
B>80'"!'()%!$";"!$
=95!J=/9
GJ45+
-5
9 4
5 +4 5
J + 9
5 + +
9$5
9-+H
F><!)"%5$%%%'!%%
%++
H>#%$%0!)$$#)!
!+ + ++ 4
9
E>;!$6"'('(%0$%
& + 4 53 3 534
+5
G>'"!$0!9)!"5""%%%!5%0
%+HH
%+++++
> -+>
2!!2 2(2
Marin
Petrov
Marinov
Digitally signed by
Marin Petrov Marinov
Date: 2023.03.10
16:24:29 +02'00'
Vladimir
Valentinov
Spasov
Digitally signed by
Vladimir Valentinov
Spasov
Date: 2023.03.10 16:26:09
+02'00'
!"#"$%" ............................................................................................................................................ 3
I.
................................................................................................................. 4
&$'!$%(')*+*,"-%.*/*),"/%+%/*0%/"+1-,*,%,"',#"2$'&,,* ....................................... 5
&,'3$%"$*%$!"&,%4%'$$%3('/,5"2- .............................................................................. 5
"+1-,*,%',#"2$'&,,* ............................................................................................................ 6
6
%&)'!%5*),'/%+*#"2$'&,,* ................................................................................................ 8
II. .................................................... 11
III.
, ........................................................ 11
IV.
.............................................................................. 11
V.
......................................................................... 12
VI.
.......................................................................................................... 13
'7&,!"$%*)4%% .................................................................................................................... 13
8/'9"$%!4"$*,*$**)4%%,"$*#/1:"&,!',' ..................................................................... 13
%!%#"$,$*('-%,%)* ............................................................................................................ 14
VII.
. ............................................................................................................. 14
VIII. , .................................................... 15
;",'!'#$*('-%,%)* ............................................................................................................. 15
&$'!$%(')*+*,"-%+*5%$*$&'!'&;",'!'#"$*$*-%+ ....................................................... 15
<%$*$&'!%%$&,/19"$,% ....................................................................................................... 15
6
%)!%#$'&, ............................................................................................................................. 16
=
>"-%%('-%,%)*('1(/*!-"$%"$*5%$*$&'!%3/%&) ........................................................ 16
IX.
..................................................................................................... 16
+3!-"$%"',$'&$'!-%3$%",'$*'!%#?@ ................................................................................ 10
8'-%,%)*('')'-$*,*&/"#* ................................................................................................. 17
'/('/*,%!$*&'4%*-$*','!'/$'&, ................................................................................... 20
X.
! ........................................................................... 24
'#")&+*)'/('/*,%!$'1(/*!-"$%"..................................................................................... 24
8/%-':"$%"$*)'#")&* ......................................................................................................... 25
4"$)*$*(/%-**$",'$*)'#")&* ........................................................................................ 28
6
%&,"9*$*! ,/"A"$)'$,/'-%1(/*!-"$%"$*/%&)* ........................................................ 29
=
$5'/9*4%3(';-',%/"),%!*6B=B ............................................................ 29
C
8'-%,%)*('9$'''7/*+%%" ................................................................................................. 29
D
$5'/9*4%3+*;-"$'!","$* !",*$*#%/"),'/%," ......................................................... 30
EF
'( -$%,"-$*%$5'/9*4%3('(/%-':"$%"$**/"#7*G$*<
EFF
$5'/9*4%3,*('(/%-':"$%"$**/"#7*G$*<=
'#%A$%3,#')-*#+*#"2$'&,,*(/"#&,*!3 )'9"$,*/%*$*-%+ $* 5%$*$&'!%3',;", %
#/1*& 0"&,!"$*%$5'/9*4%3',$'&$'5%$*$&'!','& &,'3$%"%/"+1-,*,%,"',#"2$'&,,*$*
#/1:"&,!',' (/"+ '2 & # /:* %$5'/9*4%3,* (' ;- @ % ;- 6H?= ', *)'$* +*
&;",'!'#&,!',' % ;- $ *- D ', *)'$* +* (17-%;$',' (/"#-**$" $* 4"$$% )$%:*
I88>J )*),' % ;- ', */"#7* G $* '9%&%3,* +* 5%$*$&'! $*#+'/% %/"),%!*
6B@=BKL
,/"A$*,* %$5'/9*4%3 +* %#/*!-%) (' ;- D ', "-*9"$, IJ G
=@CB6 $* !/'("2&)%3 (*/-*9"$, % $* !",* ', C *(/%- 6 ',$'&$' (*+*/$*,*
+-'1(',/"7*I"-*9"$,',$'&$'(*+*/$*,*+-'1(',/"7*J%+*',93$*$*%/"),%!*BCB
$* !/'("2&)%3 (*/-*9"$, % $* !",* % #%/"),%!% B6B B=B %
6BDB $* '9%&%3,* I M DB ', N$% 6 J I"-*9"$, IJ G =@CB6J
',$'&$''7&,'3,"-&,!*,*$*&, (%-%(/"+'#%$*"(17-%)1!*$*$*"-"),/'$$*,*&,/*$%4*
$* #/1:"&,!',' ! /*+#"- * $*& ('#/*+-"- * %$!"&,%,'/%
OPPQRSBBTTTUR?
OVWXYZ[\]]^UB\_W`aQOQb^QP\^_c]^Ud]^_P`_Pef\`TcYXP\][`e\WceFP`U\Wc=e[Y_gchg )*),'
%!9"#%3,*Ei`TR ;/"+ )'3,'#/1:"&,!',' '('!"&,3!* (17-%;$'! ,/"A$*,* %$5'/9*4%3
OPPQSBBTTTa_`TR]^UBbQYg`cj^UQY_VekLMlmnmcHH
%#/*!-%)/*+*$- )""(17-%;$'*)4%'$"/$'#/1:"&,!'('&9%& -*$*
;- ', 88> *(%,*- , 91 " /*+(/"#"-"$ ! @66= 7/'3 '7%)$'!"$% 7"+$*-%;$%
&!'7'#$'(/".! /-3"9%*)4%%&$'9%$*-$*&,'2$'&,',"#%$-"!+**)4%3
9 $*2?'-"9%," *)4%'$"/% $* #/1:"&,!',' &* o 8
/ '5%3 o @D / *+*$- ) % op 8
39*#/1%N/%#%;"&)%%-%5%+%;"&)%-%4*)'%,'(/%,":*!*,$*#=q',
)*4%'$"/$%3)*(%,*-$*#/1:"&,!',' 9%#/*!-%)(/%,":*!*
7/'3&'7&,!"$%*)4%%(/"#&,*!-3!*0%q',)*(%,*-*$*#/1:"&,!','
8/"+'#%$*#/1:"&,!','&"1(/*!-3!*', !",$*#%/"),'/%,"!& &,*!S%9%, /
r''9%-'! *$'!&)% !*$ "-;"! "-;"! o"-"! $!"&,s (/"#&,*!-3!*$' ', *&%-
"'/%"! "-"! o*$ (/"#&,*!-3!*$' ', %-)' $"-'! $"-'! o'&,/*
%$:"$"/%$(/"#&,*!-3!*$'',!"$%2*&%-"!p+1$'!,*/*8-*$%$*'-#t
(/"#&,*!-3!*$'',(*&r'/%&'!%#"!+( -$%,"-$%#%/"),'/%$* #/1:"&,!','&*So"-"!
$!"&,s (/"#&,*!-3!*$' ', *&%- "'/%"! "-"! % o*$ (/"#&,*!-3!*$' ',
6
%-)' $"-'! $"-'! 8/')1/%&, $* #/1:"&,!',' " -*#%9%/ *-"$,%$'! (*&'! 8/"+
',;",$*,*'#%$*$"&*%+! /A!*$%(/'9"$%!& &,*!*%/*+(/"#"-"$%",'$*51$)4%%,"
9":#1;-"$'!","$* !",*$*#%/"),'/%,")*),'%(/'9"$%('',$'A"$%"$*(/')1/%&,*$*
#/1:"&,!','
#%,$%3, )'9%,", $* %#/*!-%) " ! & &,*!S *-3 $"-'!* '$"!* "&"-*
!*$'!* 8")'!* % r'2)' %9%,/'! *#:%*,*$*&'! %+7/*$% $* /"#'!$',' '#%A$' '70'
& 7/*$%"$**)4%'$"/%,"$*#/1:"&,!','(/'!"#"$'$*@=&(",'#%A"$9*$#*,
9'#%$*# 0"/$%#/1:"&,!*$*%#/*!-%)&*S
?MFunvwFxynzMF{nx|| /7%3&(/"#9",$*#"2$'&,S(/'%+!'#&,!'/"9'$,%
, /'!%3&.%#/*!-%;$%%+#"-%3%&%&,"9%
? vl w}xynzMFj ~|€Ky mynilvFllF|i •vkw
& (/"#9", $* #"2$'&,S
/'!%3$*"#/'&#/1%9*A%$%%'7'/1#!*$"& &&,'(*$&)'(/"#$*+$*;"$%"%;*&,%+*,3.
&$'!$%3,(/"#9",$*#"2$'&,%#/*!-%)"(/'%+!'#&,!'/"9'$,%, /'!%3&
.%#/*!-%;$%%+#"-%3/1:"&,!','"!'#"0(/'%+!'#%,"-$*.%#/*!-%;$%'/7%,*-$%9','/%
&"/!'1(/*!-"$%3.%#/*!-%;$%&(%/*;)%%*)&"&'*/%!!/'(*%!4"-%3&!3,
%#/*!-%) (/'%+!":#* ( -$* *9* ', $%&)'&)'/'&,$% !%&')' 9'9"$,$%
.%#/*!-%;$% '/7%,*-$% 9','/% )'%,' $*9%/*, (/%-':"$%" ! &"-&)'&,'(*$&)*,*
(/'9%A-"$'&,,/*$&('/,*%9*A%$'&,/'"$",'(/"#-**2)%"'9",/%;$%'7"9%',H#'H
&9 (%)'!' $*-3*$" #' 7*/* '7'/',% #' 66 '7B9%$ '-39 %+7'/ $* !%#'!"
(/%& "#%$3!*$" !*/%*$,% $* %+.'#30% !*-'!" % /*+-%;$% /*+9"/% $* +*./*$!*0%," %
(/%& "#%$%,"-$%,"',!'/%
0',*)*)'9(*$%3,*(/'%+!":#*A%/')**9*.%#/'&,*,%;$%)'/9%-$%1(/*!-"$%3&
(/%-':"$%"!$%&)'&)'/'&,$%(/"!'+$%&/"#&,!*#'C)9B;&"'9",/%;"$'7"9',6#'
&9%$*-3*$"#'D=7*/*7'*,'/*+$''7/*+%"',)-*(*$%(-1$:"/%&',!'/"$%+*,!'/"$
4"$, /&/"*)4%3%7"+/"*)4%3$*)'/9%-$','1(/*!-"$%"&"/!'1(/*!-"$%3;1!&,!%,"-$%$*
$*,'!*/!*$"1&%-!*,"-%$*! /,309'9"$,)'/9%-$%)'-'$)%%#/
%#/*!-%) (/'%+!":#* .%#/*!-%;$% &(%/*;)% &,*,%;$% % #%$*9%;$% &
.%#/*!-%;"$%/ ;"$)'$,/'-&#%*(*+'$$*&,*,%;$%3! /,309'9"$,',H#'WYiU
)&%*-$'?71,*-$% 9','/% % ('9(% &* $*2?$'!%," (/'#1),'!% /1(% (/"#-**$% $*
(*+*/*&9*/)*,*$*o
'9(*$%3,* " ( /!*,* ! r -*/%3 &"/,%5%4%/*$* (' &%&,"9*,* +* )*;"&,!' Fl| @
%&')',')*;"&,!','$*$*A%,"(/'#1),%','!*/30'$*&!",'!$%,"&,*$#*/,%"'5%4%*-$'
(/%+$*,' & & &"/,%5%)*,% Fl| 6S= ? %&,"9* +* 1(/*!-"$%" $* ')'-$*,* &/"#* %
|wlnl6=SH?%&,"9*+*'&%1/3!*$"$*7"+'(*&$%%+#/*!'&-'!$%1&-'!%3$*,/1#
* #* '&%1/% !)*!' % 7 /+' '7&-1:!*$" % ','!'/% $* %+%&)!*$%3,* $* )-%"$,%,"
%#/*!-%) %9* /*+!%,* #%&,/%71,'/&)* 9/":* &,/*,"%;"&)% ('+%4%'$%/*$* ! 6=
# /:*!%$*C)'$,%$"$,*
8/"+#"2$'&,,*$*)'9(*$%3,*7"A"('#!-%3$%"$*/"#%4*$"*,%!$%5*),'/%!
&!",'!"$ 9*0*7 (/%;%$"$% '&$'!$' ', (/'# -:*!*0*,* !";" ('!";" ', ('-'!%$ '#%$*
!'2$* 9":#1 1&%3 % p)/*2$* % ('&-"#&,!%3,* ', )'!%#?(*$#"9%3,* '!* & ',!",$' &*
('!%A*!*$",'$*4"$%,"$*'/%!*,*%"$"/'$'&%,"-%,")*,'43-'%+*,/1#$"$*,*-'%&,%)*
)*),'%$"(/") &$*,%3(/'4"&$*$*-**$"!+*%9$%&*$)4%%9":#1%',"#$*&,/*$*
%1&%3',#/1**,'+%5'$(/'# -:*!*,%$5-*4%'$$%,"(/'4"&%!43-&!3,%'&'7"$'!
!/'("2&)%3& N+$*2?!";"('/*#%+*!%&%9'&,,*',#'&,*!)%,"$*(/%/'#"$*+',1&%3
=
+#"2&,!%",'$*(*$#"9%3,*','!%#?@! /.1%$#1&,/%3,*!&!",'!"$9*0*7')*+*('?
'/*$%;"$'!-%3$%"%! /.1#"2$'&,,*$*#/1:"&,!','%(/"+'#%$*
8/%,"+%&-':$%(/'4"&%%'/*$%;"$%31&("A$'&"&(/*!%.9"( /!'&'7"+(";*!*$"$*
(/'%+!'#&,!"$%3(/'4"&&9*,"/%*-%%#*(/"#''!'/%9,")10'4"$%,") 9$*A%,")-%"$,%
+*#*,1A%/*9"$*/*&,!*$",'$*4"$%,"$*9*,"/%*-%%1&-1%9*9"',-%;$*'7"+(";"$'&,&
('/ ;)% 1&("A$' +*(*+!*9" (*+*/$*,* &% $%A* & ! +9':$'&, +* /*+A%/3!*$" $* 5'$* $*
+*,/1#$"$%3,*)'%,'!&"'0"%+(%,!*,$*A%,"'&$'!$%)'$)1/"$,%
(/")% ,/1#$'&,%," % $"&%1/$'&,,* (/"+ '#%$* 1&(3.9" #* (/'%+!"#"9 %
/"*-%+%/*9"/")'/#"$'7"9(/'#1)4%3,7"-3+!*9"1!"-%;"$%"!(/'#*:7%,") 9
* %$#%!%#1*-$* 7*+* & $*# 6q &(/39' (/"#.'#$*,* '#%$* % & $*# q &(/39'
'#%$*&)'",'#'&,%$*.9"/")'/#$'+*#/1:"&,!','$%!'
!"#!$!
8')*+*,"-%
#
#
8/%.'#%','&$'!$*#"2$'&,?.%--! D=
=6H
8";*-7*','&$'!$*#"2$'&,?.%--! CC6@
C
",$*(";*-7*',#"2$'&,,*?.%--! @
H@
6
",$*(";*-7*+*("/%'#*$**)4%3?-! H6
6H
=
19*$**),%!%,"?.%--! HDD
=6
C
",$%*),%!%I&'7&,!"$)*(%,*-J?.%--! H@6@
H@HH
%% &
3-'!"," % 1;*&,%3,* $* o / *+*$- ) ! # 0"/$% %
*&'4%%/*$%(/"#(/%3,%3+*%'#%$*&*)*),'&-"#!*S
'(%$ %% #
#
M\‚YUw\WXYf[\ƒYW^^? /7%3
vlwVWXYZ[\]Q^T`XPXY_RU\RR\^_W^^?"/9*$%3 66
66
)*
)*
'( %%
8/*$&
8/'/"& =
=
)
)
(%(% *
*
!!/ +)*&%+%&)!*$%3,*$*<@<%$*$&'!%%$&,/19"$,%&;%,*$'',H
'#%$*#/1:"&,!','"%+7/*-'#*$*(/*!%$"',9"$%9%+7'/#*(/"#&,*!3!o/1!&"'7.!*,"$
C
#'.'#('&-"#!*0%," (/'9"$% ! &(/*!"#-%!*,* &,'2$'&, $* %$!"&,%4%%," ! )*(%,*-'!%,"
%$&,/19"$,%!'7.!*,*$*&,*$#*/,*('/*#%,'!*;","$"&"# /:*,+*, /1!*$"
('/"#%+%&)!*$%3,*$* <@ "$*(/*!"$*(*+*/$*'4"$)*$* ,"+%%$&,/19"$,% ('
&(/*!"#-%!* &,'2$'&, ) 9 #*,*,* $* ( /!'$*;*-$',' (/%-**$" $* &,*$#*/,* t H
*+-%)%," 9":#1 (/"#%A$*,* 7*-*$&'!* &,'2$'&, % &(/*!"#-%!*,* &,'2$'&, &* (/%+$*,% !
$*;*-$','&*-#'$*"+"/!%',(/'9"$%!&(/*!"#-%!*,*&,'2$'&,$*%$!"&,%4%%!)*(%,*-'!%
%$&,/19"$,%) 9#*,*,*$*( /!'$*;*-$','(/%-**$"?H8/%+$*,"%',&/';"$%3
#*$ ;"$ "5"), &! /+*$ & (/'93$*,* ! ',;%,*$",' 39* #'&,*, ;$' % #*$$% )'%,' #*!*,
'&$'!*$%","+%&,'2$'&,%#*7 #*,(/"'4"$"$%) 9'#%$*
+!
&$'!$%#*$$%+*(/%.'#%,"',(/'#*:7%/*+.'#%,"%/"+1-,*,%,"',#"2$'&,,*&*
(/"#&,*!"$!&-"#!*0%,",*7-%4%S
,-.,/+/01/23+145/
# #
#
8/%.'#%',(/'#*:7*$*(/'#1)4%3 6
6H@C
8/%.'#%',(/"#'&,*!"$%1&-1% CH=
8/%.'#%',#/1%(/'#*:7% D
666
56+/01/ 78
8*9
*
"2$'&,,* $* o )*),' % ! (/"#.'#$% '#%$% " ")&('/,$'
'/%"$,%/*$*%')'-'H=q',(/'#*:7%,"&*#%/"),$'+*)-%"$,%%+! $&,/*$*,**')'-'
q&*+*)-%"$,%!&,/*$*,*)'%,'")&('/,%/*,*43-*,*'#%$*#/1:"&,!','/"*-%+%/*
(/'#*:7%!/*+9"/$*D=.%--"!*
*+(/"#"-"$%",'$*(/%.'#%,"',(/'#*:7%$*','!*(/'#1)4%3%1&-1%('(*+*/%"
)*),'&-"#!*S
D
# ! #
#
+$'& H=D
D
,/"A"$(*+*/ @H@
@HCH
56 89
89
&,'2$'&,,*$*#/1%,"(/%.'#%&*!)-N;"$%S
1 # #
#
8/'#*:7*$*9*,"/%*-% =
*"9%
D
8/'#*:7*$* 6
=
6
/1% =H
=
<%$*$&%/*$" @
@D
56 8*::
9*
!!/ +)*&%+( -$"$%",'$*8/'/*9*+*)'9("$&%/*$"$*$"7%,'!%)/*2$%)-%"$,%
$*"-"),/%;"&)*"$"/%3'#'7/"$*&"A"$%" G D@ ',C'#$* %$%&,"/&)%3
& !",%+9"$"$*&"A"$%"GDD',C'#('-1;%.9")'9("$&*4%%!/*+9"/$*
@.%--!+*'#
"7"&,'2$'&,,*$*(/'#*:7%,"%*#9%$%&,/*,%!$%,"/*+.'#%I/*+.'#%,"+*#"2$'&,,*J
&"',;%,*,('%)'$'9%;"&)%"-"9"$,%)*),'&-"#!*S
+;01/
.%--!
.%--!
*+.'#%+*9*,"/%*-%
HD
C@=
*+.'#%+*! $A$%1&-1%
6
C
*+.'#%+**9'/,%+*4%3
@C=
@6
6
*+.'#%+*! +$*/*:#"$%3
6DC@
6=H
=
*+.'#%+*'&%1/'!)%
H@6
CDC
@
/1%/*+.'#%
@
C
r*-*$&'!*&,'2$'&,$*(/'#*#"$%,"*),%!%
H
H
D
+9"$"$%"&,'2$'&,,*$*+*(*&%,"',','!*
(/'#1)4%3%$*$"+*! /A"$','(/'%+!'#&,!'
?H
?DH
H
*+.'#%+*(/%#'7%!*$"$*
?
?=
(!#!
9979
99
9 '#%$* /*+.'#%," +* 9*,"/%*-% &* & $*2?'-39 ',$'&%,"-"$ #3- !
'70%,"/*+.'#%+*#"2$'&,,*$*#/1:"&,!','t=@q&-"#!*$%',/*+.'#%,"+*("/&'$*-t
HCDq%/*+.'#%,"+*! $A$%1&-1% &, ,$*/*+.'#%,"+*9*,"/%*-%+*',$*#C6
q&(/39''#%$*&"# -:%$*('?!%&')%,"4"$%$*'&$'!$%,"&1/'!%$%%9*,"/%*-%,"
)*),'%$*('?'-"9%,")'-%;"&,!*!-':"$%9*,"/%*-%
H
8/"+ '#%$* & & &'7&,!"$% &/"#&,!* &* %$!"&,%/*$% C 9-$ -! +* # -',/*2$%
9*,"/%*-$% % $"9*,"/%*-$% *),%!% 70%3, /*+9"/ $* %$!"&,%4%%," +* 9'#"/$%+%/*$" $*
9*A%$$%3(*/)%&/*#$%35'$#%(/"+'#%$*0"7 #"!/*+9"/')'-'C9-$-"!*
+&!
%&) , %+/*+3!* $"'(/"#"-"$'&,,* B$"&%1/$'&,,*B $* #*#"$' & 7%,%" 8'$3,%",'
s/%&)s&"&! /+!*&! +!/*0*"9'&,,*$*)*(%,*-*,)-'$"$%3,*$*#"2&,!%,"-$'('&,%$*,%,"
/"+1-,*,%!&/*!$"$%"&(-*$%/*$%,"%7*+%&$%/"+1-,*,%9'*,#*&"(/"&9",$*,%;/"+,3.#*
&" %+9"/% /%&) , %&) , &! /+*$ & #"2$'&,,* $* #*#"$ %)'$'9%;"&)% &17"), " /"+1-,*, ',
$*&-*!*$",'$*#!*',#"-$%,%(*/%&)'!"8 /!%3,"&%&,"9*,%;$%3,/%&)%"&! /+*$&/%&)*
"$"/%/*$ ', %)'$'9%)*,* )*,' 43-' ! /"+1-,*, ', )'-"7*$%3,* $* '&$'!$%,"
9*)/'%)'$'9%;"&)%(')*+*,"-%*!,'/%3,,%(?$"&%&,"9*,%;$%3/%&)"&! /+*$&"&,"&,!','
$*#"2$'&,$*5%/9*,*
%&,"9*,%;$%," /%&)'!" &* /"+1-,*,%!$* !"-%;%$*',9*)/'%)'$'9%;"&)%," /%&)'!" %
',(*+*/$%3/%&)"&*&! /+*$%&(*+*/*%9*)/'&/"#*,*!)'3,'#/1:"&,!','51$)4%'$%/*
('/*#% )'",' ," $" 9'*, #* 7 #*, 1(/*!-3!*$% % )'$,/'-%/*$% ', / )'!'#$%3 ")%( $*
)'9(*$%3,*
<$% ( '71&-'!"$ ', !'"$$%3 )'$5-%), ! p)/*2$* %
(/'%+,%;*0%," ', $"' $"*,%!$% "5"),% ! /.1 %)'$'9%;"&)*,* *),%!$'&, , /'!&)%,"
',$'A"$%34"$*,*$*'&$'!$%,"&1/'!%$%%9*,"/%*-%!)-N;%,"-$'$*"$"/'$'&%,"-%,"%
%$5-*4%3,* )*),' % ', ('&-"#%4%," ', &!",'!$*,* ('$#"9%3 ', '!%#?@ ')*+!*, !-%3$%"
! /.1#"2$'&,,*$*)'9(*$%3,*
8' #*$$% $* (/"+ #")"9!/% & &,*!$%3, (')*+*,"- o7%+$"& )-%9*, !
(/'9%A-"$'&,,*!&,/*$*,*&"(')*;!*&=(1$),*!/"+1-,*,$*('?('+%,%!$%,"';*)!*$%3
$* (/'9%A-"$%," (/"#(/%"9*;% +* 7%+$"& & &,'3$%",' $* (/"#(/%3,%3,* (/"+ &-"#!*0%,"
A"&,9"&"4*('/"#,3.(/"+('&-"#$%39"&"4%9*%+!"&,$'1!"-%;"$%"$*'&%1/"$'&,,*$*
(/'%+!'#&,!',' & ('/ ;)% )'",' '7*;" $" " & (/'!'#"$' & ('!%A"$% ';*)!*$%3 +*
(/'%+!'#&,!"$*,* *),%!$'&, (/"+ &-"#!*0%," ,/% 9"&"4* *2?&"/%'+$%," +*,/1#$"$%3 +*
/*+!%,%",' $* 7%+$"&* (/'# -:*!*, #* &* $"&%1/$*,* %)'$'9%;"&)* &/"#* % $"#'&,% , $*
/*7',$*&%-*
5! =
:
8' #*$$% ', %)'$'9%;"&)%3 7N-",%$ $* >r ', #")"9!/% '#%$* /*&,": , $*
/"*-$%3r8!&!",'!"$9*0*7I7"+"!/'+'$*,*J&"';*)!*#*&"+*7*!%#'Cq(/"+t
('#&/"#$%3# -'&/';"$,"9(&-"#)'",'#*&"! +&,*$'!3!*('&,"("$$'#'q%q(/"+
6%=& ',!",$'*+%("/&("),%!*"('?&-*7*!&/*!$"$%"&';"/,*$*,*!(/'$'+*,*
',&"(,"9!/%8"/&("),%!%,"+*&!",'!$*,*, /'!%3%! $A$',', /&"$"$*&,')%',
"!/'+'$*,*& 0'&"!-'A*!*,&(/39'(/'$'+%/*$%,"(/"+&"(,"9!/%*,%&) ,! /.1
@
4"$%," ! &!",'!"$ 9*0*7 '&,*!* A%/')''7.!*,"$ % ('!%A"$ ! 1&-'!%3,* $* !&" '0"
',$'&%,"-$' &,*7%-$' , /&"$" +*,"$*,% 1&-'!%3 $* (*+*/* $* ,/1#* % !%&')% 4"$% $*
./*$%," $' &" ';*)!* ,'2 #* $*9*-"" & & &,*7%-%+%/*$",' $* (*+*/%," +* &1/'!%$% %
',&-*7!*$",' $* /*&,":* &/"#* $* !%&')* $"&%1/$'&, /*!$'!"&%",' $* /%&)'!"," +*
(/'$'+$%," (')*+*,"-% ! '&$'!$%3 &4"$*/%2 )-'$% $*#'-1 (' ',$'A"$%" $* &!",'!$%3
/*&,":%$*'/"('',$'A"$%"$*-'7*-$%3$*,%&)! /.14"$%,"
* C 9":#1$*/'#$*,* /"2,%$'!* *"$4%3 le~ •[^hY[ yYP\_gR (',! /#%
# -'&/';$%3%)/*,)'&/';$%3)/"#%,"$/"2,%$$*r -*/%3!;1:#"&,/*$$*%9"&,$*!*-1,*
„kkkBn?„ 8"/&("),%!*,* (/"# /"2,%$* '&,*!* &,*7%-$* , /"2,%$'!*,* *"$4%3 ';*)!*,
/*&,": , $* r8 $* r -*/%3 #* ',&-*7$" +$*;%,"-$' (/"+ &-"#!*0%," 9"&"4% *,'
('-':%,"-$' !-%3$%" &" '4"$3!*, (/'"),%," 5%$*$&%/*$% & & &/"#&,!* ', )'%,' 0"
'&%1/3,%+!"&,$*('#)/"(*+*%)'$'9%)*,*,le~•[^hY[yYP\_gR(/'$'+%/*,/"*-"$/*&,":
(/"+',('?9*-)'',q)'",'"+$*;%,"-$'+*7*!3$"&(/39'';*)!*$%3,*%9',q
(/"+'#%$*+,';$%)STTTU\_‚\_hg
>#&! /+*$&(/'9"$%!$%!*,*$*(*+*/$%,"-%.!"$%(/'4"$,%)'%,'7%.*
9'-%#*#'!"#*,#'1!"-%;*!*$"$*-%.!"$%,"/*+.'#%%& ',!",$'$*9*-3!*$"$*5%$*$&'!%3
/"+1-,*,$*#/1:"&,!','
* = #")"9!/% p(/*!%,"-$%3, & !", /"A%#* ('!%A%,/%," '&$'!$% -%.!"$%
(/'4"$,* $* >r & = 7*+%&$% ,';)% -*&$' ,'!* /"A"$%" -%.!"$%3, (/'4"$, ('
'&$'!$%," '("/*4%% +* /"5%$*$&%/*$" % -%.!"$%," (/'4"$,% (' (/"#"-$',' )/"#%,$'
1-"&$"$%"%('#"('+%,$','1-"&$"$%"73.*1!"-%;"$%#'& ',!",$'=qD=q%q!
&%-*',#")"9!/%p(/*!%,"-$%3,& !",(/"4"$%;"-%.!"$%,"(/'4"$,%0",/37!*
#*&"('!%A*!*,+$*;%,"-$'&/*!$'9"/"$,"9(+*#*#'&,%$*,#'&,*, ;$'/"&,/%),%!$%$%!*
+*'&%1/3!*$"$*$*!/"9"$$'!/ 0*$"$*%$5-*4%3,*) 9&/"#$'&/';$*,*4"-',q
0"!/"9"$$' %! &-"#&,!%"$*(/"#.'#$% /"A"$%3$* p $*>r +*('!%A*!*$"$*
'&$'!$%,"-%.!"$%(/'4"$,%',N-%%&"(,"9!/%$*@rr'73!%+*( /!%
( , ', C $*&*9 '&$'!"$ -%.!"$ (/'4"$, ('?!%&') ', $1-* % &;%,*$' ',
'&$'!$*-%.!*!r -*/%3&"(')*;!*$*6@(/'4"$,**$'"9!/%'&$'!$%3,-%.!"$(/'4"$,
'73!"$',rr"=@q*+*#")"9!/%tq
/&%(/"#&,*!-3!*!&"'70'('!%A*!*$"$*4"$%,"(/%)'",'(*/%,"
&"'7"+4"$3,%& 0"&,!1!*!"/'3,$'&,',('$*&3$"$*+*17*',#'9*)%$&,!*,*%)'9(*$%%,"
8' #*$$% $* (/"+ #")"9!/% 9"&";$*,* %$5-*4%3 " @ q &(/39'
(/"#.'#$%39"&"4*'#%A$*,*%$5-*4%3+*#")"9!/%&(/39'#")"9!/%"C@q
/"#$''#%A$*,* %$5-*4%3 +* ("/%'#* 3$1*/% ? #")"9!/% &(/39' ("/%'#* 3$1*/% ?
#")"9!/%"=q
*)/'%)'$'9%;"&)%," (/'$'+% $* ")&("/,%," $* >r ', #")"9!/% ('
',$'A"$%" $* %$5-*4%3,* &* +$*;%,"-$' /"!%+%/*$% $*'/" ;*)!* &" %$5-*4%3,* #*
$*9*-"" ', &/"#$' H6 q (/"+ #' C q (/"+ ('$%:*!*2)% &" ', q (/"+
('&-"#$',',/%9"&";%"$*#'Cq(/"+('&-"#$',',/%9"&";%"$*-"#,'!*
%$5-*4%3,*&"';*)!*#*&(*#$"#'&/"#$'6q(/"+6%#'q(/"+=
70*,* %$5-*4%3 &" ';*)!* #* &(*#$" #' &/"#$'&/';$*,* 4"- $* >r ', q (/"+
!,'/*,* ('-'!%$* $* = #')*,' 8> %$5-*4%3,* 7"+ "$"/%3 % ./*$% (/"+ 4"-%3
(/'$'+"$("/%'#0"'&,*$"$*#q&/*!$"$%"& &&"(,"9!/%2&)%,"(/'$'+%',
'70*,*%$5-*4%3"/"!%+%/*$*+$*;%,"-$'$*'/"+*I&(/'4"$,$%(1$),*J+*
I&H(/'4"$,$%(1$),*J%+*6I&(/'4"$,$%(1$),*J
( ? '+% ,%( /%&) " &! /+*$ & $*/*&,!*$" $* ('-%,%;"&)','
$*(/":"$%"%! +9':$'&,,*+*! +$%)!*$"$*&"/%'+$%! ,/"A$'('-%,%;"&)%(/'9"$%)'%,'
#*#'!"#*,#'%+9"$"$%"$*(/%'/%,",%,"+*/*+!%,%"*',,*9%$*(/%$4%(%,"$*)'%,'&"
'&$'!*!*&,'(*$&)*,*#"2$'&,!&,/*$*,*
+ %%?"2$'&,,*$*s%#/*!-%)s"%+-':"$'
$*,'+%,%(/%&), 2)*,''&$'!$*;*&,',(/'#1)4%3,*$*#/1:"&,!','&"%+$*&3!;1:7%$*
'-"7*$%3,*! !!*-1,$%3)1/&&"',/*+3!*,9*)*/%&-*7'! /.1-"!'!*,*/*!$'&,'2$'&,$*
(/%.'#%,"',(/'#*:7%$*#/1:"&,!','!;1:7%$*&$'!$*,*;*&,',(/%.'#%,"',(/'#*:7%
&*!"!/')'",'$*9*-3!*+$*;%,"-$'/%&)*',(/'93$*$*!*-1,$%3)1/&
1(?8/'9"$%,"! !5%&)*-$*,*('-%,%)*')*+!*,!-%3$%"! /.1&,'2$'&,,*
$* *),%!%," $* "9%,"$,* ! /.1 /*+9"/* $* 5%$*$&'!%3 /"+1-,*, % ! )/*2$* &9",)* ! /.1
%+7'/*$*&,/*,"%3+*/*+!%,%"$*#/1:"&,!','
,(%
! /+*$"&/%&)*)'2,'&"('/*:#*',)'$)/",$%3.*/*),"/$*#"2$'&,,*$*#/1:"&,!','
%&("4%5%;$*,*&/"#*$*',/*& -*) 9)'2,'"9%,"$, ,(/%$*#-":%'2!)-N;!*S&"),'/"$
B',/*&-'!B/%&)%5%/9"$/%&)
"),'/"$/%&)?"),'/$%3,/%&)+*ss"&! /+*$&/*+!%,%",'
$*',/*& -s*A%$'&,/'%,"-$*%",*-''7/*7',!*0*(/'9%A-"$'&,s%5*),'/%,"!-%3"0%
! /.1& &,'3$%",'$*',/*& -*%/*!$%0",'$*)'$)1/"$4%39":#1(/"#(/%3,%3,*!$"'
<%/9"$ /%&) ? 4"$)*,* $* ,'+% /%&) " &! /+*$* & "&,"&,!',' $* #"2$'&, $* s
s'+%/%&)!)-N;!*'707%+$"&/%&)%5%$*$&'!/%&)
707%+$"&/%&)?r%+$"&/%&) ,"/"+1-,*,',! +9':$%,"%+9"$"$%3$*, /&"$",'$*
(/'#1)4%3,*$*5%/9*,*!/"+1-,*,$*(/'9"$%$*(/"#(';%,*$%3,*$*(',/"7%,"-%,"$*,'+%
,%((/'#1)4%3%-%!/"+1-,*,$*)'$)1/"$4%3,*$*5%/9%,"!',/*& -*"2$'&,,*$*s
s"%+-':"$*$*)'$)1/"$4%3$*5%/9%&('#'7$'(/'%+!'#&,!'$*2?!";"!
;1:7%$* )'",' ('!%A*!* /%&)* +* "5"),%!$'&,,* $* (/"#(/%3,%",' /1:"&,!',' +*(*+!*
('+%4%3,*&%$*!'#"0(/'%+!'#%,"-$*.%#/'9','/%!&!",*
+9':$'&,,*+*(/'9"$%!4"$%,"$*%+#"-%3,*$*#/1:"&,!','!/"+1-,*,$*(/'9"$%!
4"$%,"$*9*,"/%*-%,")*),'%!/"+1-,*, $*#/1%4"$''7/*+1!*0%"-"9"$,%('/*:#*,*)*
$*/";"$%3, /'!&)%/%&)+*#"2$'&,,*$*ss
+9':$% %+9"$"$%3 ! )*;"&,!',' % $*#":#$'&,,* $* (/'#1)4%3,* $* s
s ,".$'-'%3,* % '/*$%+*4%3,* $* (/'%+!'#&,!' ('/*:#*, ,$*/
(/'%+!'#&,!"$/%&)
<%$*$&'! /%&) ? s s $39* # -'&/';$% +*# -:"$%3
/*,)'&/';$%," +*# -:"$%3 $* #/1:"&,!',' &* '&$'!$' +*# -:"$%3 ) 9 #'&,*!;%4% % ('
(/"#'&,*!"$% *!*$&% * )/*,)'&/';$%," !+"9*$%3 &* !+"9*$%3 (' (/'#*:7% 8')*+*,"-%," +*
!+"9*$%3,* % ('*&3!*$" $* +*# -:"$%3,* (')*+!*, #'7/% ! +9':$'&,% $* #/1:"&,!',' +*
& 7%/*$"$*!+"9*$%3,*%+*('&/"0*$"$*/"1-3/$%,",")10%+*# -:"$%3
/!%%?@:
*&,'30','%+3!-"$%""('(/"('/ )*$*Klvn',) 91;*&,$%4%,"$*
5%$*$&'!%,"(*+*/%! !!/ +)*&!-%3$%",'$*'!%#?@
(/"+%+9%$*-*,*'#%$*$%"(/'# -:%.9"#*(/"#(/%"9*9"/"#%4*9"/)%&! /+*$%
& (/"#',!/*,3!*$" /*+(/'&,/*$"$%",' $* '!%#?@ ;/"+ )'%,' #* */*$,%/*9" +#/*!",' $*
$*A%,"/*7',$%4%%&-1:%,"-%%&('&'7$'&,,*$*#/1:"&,!',' #*(/'# -:%% #* /*+!%!*
#"2$'&,,* &% (/"+ '#%$* (/'# -:%
(/%-**$",' $* 9"/)%," +* (/"!"$4%3 %
'/*$%;*!*$" $* /*+(/'&,/*$"$%",' $* '!%#?@ ! (/"#(/%3,%",' % $* /*7',$%," 9"&,* &
4"- '(*+!*$" :%!',* % +#/*!",' $* /*7',"0%," ! #/1:"&,!',' &%;)% /*7',"0% &* #'7/"
%$5'/9%/*$%+*/%&)'!","%&"',$*&3,','!'/$'(/%&(*+!*$",'$*%+%&)!*$%3,*
5"), , ', '/*$%;%,"-$%," 9"/)% (/"#(/%"9*$% ! ! !/ +)* & '!%#?@ %9*
+*,%.!*0' +$*;"$%" '&'7"$' (/"#!%# ('!,'/$',' ',!*/3$" $* )%,*2&)*,* %)'$'9%)* &-"#
)*,'&,/*$*,*(/")/*,%$*-**$",' $*&,/'%,"&%'/*$%;"$%3&/"01 /*+(/'&,/*$"$%",'$*
'!%#?@
!&& !
$*-%+ ,$*5%$*$&'!%,"(')*+*,"-%"(/"#&,*!"$!/*+#"-zFFF',$*&,'30%3#')-*#
$*-%+ , $* $"5%$*$&'!%," (')*+*,"-% !)-N;%,"-$' *&("),%," $* +*0%,*,* $*
')'-$*,*&/"#*%)'/('/*,%!$*,*&'4%*-$*','!'/$'&,"(/"#&,*!"$!/*+#"-F',$*&,'30%3
#')-*#
<%" (
*#/1:"&,!','$"&*$*&, (%-%!*:$%& 7%,%3',$*;*-','$*'#%$*,*)'%,'%+%&)!*,
&("4%*-$''('!"&,3!*$"
A !
8/"+ '#%$* #/1:"&,!',' ',;"," /")'/#$' !%&')% /"+1-,*,% +* !&3)' ',
,/%9"&";%3,*&(/39'& ',!",$%3("/%'#$*(/"#.'#$%,"'#%$%*'#%A$*7*+*(/%.'#%,"
', (/'#*:7% ',;%,*, / &, ', 66 q &(/39' (/%.'#%," +* '#%$* % HDq &(/39'
(/%.'#%,"+*
* 5'$* $* "'('-%,%;"&)%," % ! ,/"A$'('-%,%;"&)%," /%&)'!" )*),' % $*
5%$*$&'!'?%)'$'9%;"&)%," 5*),'/% ')*+!*0% (/3)' !-%3$%" ! /.1 7%+$"& *),%!$'&,,* $*
%#/*!-%) (/'# -:*!* #* &" $*7-N#*!* +*!%A"$' , /&"$" $* (/'%+!":#*$%," ',
)'9(*$%3,* (/'#1),% ,/"&"$%3,* ! &!",'!$*,* !"/%* $* #'&,*!)% +*&3*0' ('?'-39*,*
;*&, ', )-%"$,%," %+('-+!*0% .%#/*!-%;$% )'9('$"$,% ('/*:#* !%&')* #%$*9%)* !
-'7*-$',' , /&"$" '!* ', &!'3 &,/*$* ,'!* $*-** $"'7.'#%9'&,,* ', (/%-**$" $*
9*)&%9*-$* !)*!'&, (' ',$'A"$%" $* !&")% $'! (/'"), % (*/,$…'/ & '&$'!$* 4"-
1!"-%;*!*$" $* (*+*/$%3 #3- % &,*7%-%+%/*$" $* (*+*/$*,* ('+%4%3 ! )'3,' 0" &" $*9%/*
%#/*!-%)(/"+
0"!/"9"$$'('#*$$%$*',%)'$'9%;"&)','#'!"/%"!"!/'+'$*,*"
#'&,%$*-' #' &"#"99"&";"$ 9*)&%919 (/"+ 3$1*/% , 2 )*,' " $*-%4" &%-$'
('#'7/"$%"$*';*)!*$%3,*! !!&%;)%&"),'/%&%+)-N;"$%"$*&,/'%,"-&,!','$#")& ,$*
#'!"/%",'9"&";"$%$#%)*,'/+*/"%'$*-$*,*%)'$'9%;"&)*("/&("),%!*"$*/*&$*-#'@@@
(1$),*(/"+3$1*/%&(/39')'/%%/*$%@D(1$),*(/"+(/"#.'#$%39"&"4'!"/%",'
&""('#'7/%-'+*,/",%('/"#"$9"&"4+*#*#'&,%$"$*2?!%&')','&%/*!$%0"',N$%
)'*,' " 7%-' (1$),* 8'!%A"$%",' $* '70',' #'!"/%" ',/*+3!* &%-$%3 /*&,": !
(/'9%A-"$'&,,*1&-1%,", /'!%3,*$*#/"7$'%(',/"7%,"-&)','#'!"/%"
8/% ,"+% 1&-'!%3 ';*)!*$%3,* $* / )'!'#&,!',' (' ',$'A"$%" $* '7"9%," $*
(/'%+!'#&,!'%(/'#*:7%(/"+&-"#!*0*,*'#%$*&*+*#'&,%*$"$*'7"9',')'-'9-$
-"!*&)'",'$*,'+%",*(';*)!*9"#*('&,%$"9')'-'q/ &,&(/39'(/'#*:7%,"+*
*9'+*( /!',',/%9"&";%"$*'#%$*';*)!*9"/ &,$*(/%.'#%,"',(/'#*:7%',
q&(/39'& 0%("/%'#$*(/"#.'#$*,*'#%$*%1!"-%;"$%"',7-%+'D@q&(/39'( /!','
,/%9"&";%"$**( /!','('-1'#%"(/"#!%:#*9"1!"-%;"$%"$*(/'#*:7%,"',7-%+'
6q&(/39'& 0%3("/%'#$*'#%$*%/ &,',$*#CCq&(/39'( /!','('-1'#%"$*
†';*)!*$"
8/"+ '#%$* o %#/*!-%) 0" (/'# -:% #* /*7',% (' +*(';$*,%,"
(/'"),% % (' %$!"&,%4%% & & &'7&,!"$% &/"#&,!* ! /*+9"/ $* ')'-' C 9-$ -"!* +*
9'#"/$%+%/*$"$*9*A%$$%3(*/)%&/*#$%35'$#/1:"&,!','(/%#'7%,"/"$',')'-'6
#")*/*!$"('&/"#&,!"$*7-%+'&,#''&$'!$*,*(/'%+!'#&,!"$*(-'0*#)*!/*+*$- )>"-,*
"/*+A%/3!*$"$*(/'%+!'#&,!"$%3)*(*4%,",%+/*:#*$"$*'7"),*!'#
*(/*!"$%," (/"+ ('&-"#$*,* "#$* '#%$* %$!"&,%4%% ! $'!% 9*A%$% % ',,*9
;1!&,!%,"-$' '(,%9%+%/*$" $* ,".$'-'%;$%," (/'4"&% & & &%1/$'&, &" ',/*+% % !
('#'7/3!*$" $* )*;"&,!' $* (/'%+!":#*$%," (/'#1),% $*9*-3!*$" $* (/'%+!'#&,!"$%,"
/*+.'#% % 1!"-%;*!*$" $* '7"9* $* (/'%+!":#*$*,* (/'#1)4%3 8'&,%*$",' $* ('?$%&)*
&"7"&,'2$'&,%/"&("),%!$'+*(*+!*$"$*4"$%,"#'&,*, ;$'*,/*),%!$%(/'# -:*!*#*7 #"
'&$'!$*4"-%+*'#%$*'&'7"$'$*5'$*$*$"(/") &$*,%,"/*+9"&,!*$%3$*(*+*/*!
&-"#&,!%"$*!-%3$%"$*/*+-%;$%5*),'/%
A ,(!!
4"- '(,%9%+*4%3 $* (/'%+!'#&,!"$%," (/'4"&% t $*9*-3!*$" $* !/"9",' +*
(/'%+!'#&,!' % ('!%A*!*$" $* )*;"&,!',' 73.* ! !"#"$% ! (/'%+!'#&,!','
!%&')'(/'%+!'#%,"-$% 9*A%$% t &,/1'!" % 4"$,/% & jij1(/*!-"$%""+% 9*A%$%
('+!'-3!*, !-**$",'!(/'%+!'#&,!','$*!%&')'(/'%+!'#%,"-$% %$&,/19"$,%&('!%A"$%
/":%9% $* /3+*$"& )'",' +$*;%,"-$% &" $*9*-3!* !/"9",' +* (/'%+!'#&,!' !"#"$* 7"A"
/'7',%+*4%3 $* (/'4"& $* &,/1'!*$" $* #",*2- 8-';* '('/$* % 8-';* /*+(/"#"-%,"-$* !
4 % 7"A" #'&,*!"$ 9*$%(1-*,'/ +* o&,*/* 7'3#:%2$** ('!%A*!*$" $*
(/'%+!'#%,"-$'&,* % )*;"&,!',' $* /*7',$* #!'2)* 73.* !$"#/"$% ! 4 $'!% (/"4%+$%
1/"#% +* )'$,/'- 1&,*$'!)* +* )'$,/'- $* ! /,30%3 9'9"$, $* #!'2)*,* % 9*A%$* +*
$*#(%&!*$"& -*&$'%+%&)!*$%3,*$*#')19"$,*4%3,*%',;*&,%$*)-%"$,%,"*('#'7/3!*$"
$*)*;"&,!','%;%&,',*,*$*#",*2-%,"73.*!$"#/"$%$'!%9%3;$%9*A%$%!44%4
=)*),'%1&,*$'!)*+*%+;",)!*$"$*!*-'!"!46? !"#"$7"A"!")&(-'*,*4%3%1/"#+*
(/'!"/)* ;%&,',*,* $* #",*2-%," &-"# %+9%!*$" 4 73.* ! !"#"$% 9'#"/$%
!%$,'+*!%!*0% 1&,/'2&,!* )'%,' */*$,%/*, )*;"&,!"$' +*!%!*$" $* !%$,'!"," $*
.%#/*!-%;$%,"%+#"-%3
* ('#'7/3!*$" /*7',*,* ! 9'$,*:$%3 1;*&, ) $* 4 7"A" ! !"#"$*
('-1*!,'9*,%+%/*$* -%$%3 +* 9'$,*: % '(*)'!)* $* 9*&'!% 9','/% v~Bvy *(';$*
(/'1;!*$"+*!$"#/3!*$"%/"*-%+%/*$"$*,".$'-'%;"$(/'4"&+*)*/7'$%,/%/*$"$*#",*2-%
',.%#/'9','/%&%1/"$%73.*1&-'!%3+*%+&1A*!*$"$*#",*2-%&-"#9*$*$'5'&5*,%/*$"
t#'&,*!"$*7"A"&1A%-$*%$&,*-*4%3)&("/%9"$,%/*$%&*%&*!$"#/"$%!(/'%+!'#&,!','
$'!%(/"(*/*,%+*%+9%!*$"%$'!%'.-*:#*0%,";$'&,%&%1/"$%7*.*)*;"&,!"$%5/"+%
;"/!3;$%?)-*&?xFi@CH+*5/"+'!*$"A-%4%,"$*%+.'#30%!*-'!"lwvlvmvz%
+* 5/"+'!*$" ! $A$%3 (/'5%- $* #",*2- o','/ r"A" & +#*#"$* $'!* '/*$%+*4%3 +*
(/"('+%4%'$%/*$" $* -%$%% ? 8-'&)% #",*2-% 4 9'$,*:$% 1;*&, 4% 4 % 4
(/'%+!'#&,!' $*%#/'9','/ ! 4=%1;*&, ) 6I*-A*/$%/"$J?+*(';$*,* (/"+
% +*! /A"$* (/"+ 4"- ('!%A*!*$" $* (/'%+!'#%,"-$'&,,* &" (/*!%
("/%'#%;$' '(,%9%+%/*$" $* +*",'&,,* $* '7'/1#!*$",' I&! /+*$' " & !$"#/3!*$" $* $'!%
!%&')'(/'%+!'#%,"-$% %$&,/19"$,%J *(/*!"$' " (/'1;!*$" $* $'!% #'&,*!;%4% +*
%+/*7',!*$"$*+*','!)%('9",'#*$*'/"0''7"9$')'!*$"
A
<
*6'#%$*#/1:"&,!','&,*/,%/*( /!*(/'4"#1/*(''7/*,$'%+)1(1!*$"$*
*)4%% 9 '#%$* /1:"&,!',' (/%,":*!* 7/'3 &'7&,!"$% *)4%%
(/%#'7%,%;/"+(/'4"#1/*+*'7/*,$'%+)1(1!*$"&('/"#/*+('/"#7%,"$* /'!&)%+*)'$%
1&,*!* $* #/1:"&,!',' 8/"+ '#%$* #/1:"&,!',' $" " (/%#'7%!*-' % (/".! /-3-'
&'7&,!"$%*)4%%
/"#$*,*7'/&'!*4"$*$**)4%3+*('&-"#$%3/*7',"$#"$$*@'#%$*"=C-!+*
('&-"#$%3/*7',"$#"$$*'#%$*"C=-"!*+*('&-"#$%3/*7',"$#"$$*'#%$*"
C@H-"!*+*('&-"#$%3/*7',"$#"$$*'#%$*"D@-"!*+*('&-"#$%3/*7',"$#"$$*
'#%$* " @6H -"!* +* ('&-"#$%3 /*7',"$ #"$ $* 6 '#%$* " =6= -"!* B(/%
& ',$'A"$%"$*7/'2$'!%%&,*/%*)4%%BB+*('&-"#$%3/*7',"$#"$$*='#%$*"
=-"!*)*,'+*('&-"#$%3/*7',"$#"$$*C"CC6D-"!*+*('&-"#$%3/*7',"$#"$$*D
"HDH-"!*+*('&-"#$%3/*7',"$#"$$*H"DC=-"!*+*('&-"#$%3/*7',"$#"$$*@"
C-"!*+*('&-"#$%3/*7',"$#"$$*"C=-"!*+*('&-"#$%3/*7',"$#"$$*"
@=-"!*)*,'+*('&-"#$%3/*7',"$#"$$*"
H@=-"!*
1%! B
+,';$%)S$5'&,')
6
9'#%$*(*+*/$*,*)*(%,*-%+*4%3$*o%#/*!-%)"=9-$
-!
1
70','& 7/*$%"$**)4%'$"/%,"$*o%#/*!-%)(/'!"#"$'$*@=
'#%$*/*+(/"#"-%#%!%#"$,%!/*+9"/$*H.%--"!*,@@D'#%$*$*&*9#/1:"&,!','
"/*+(/"#"-%-'(/%7-%+%,"-$'69%-%'$*-"!*+*#%!%#"$,%
r/1,$%3, /*+9"/ $* #%!%#"$, , /*+(/"#"-"$ (/"+ ('&-"#$%," '&"9 ('&-"#'!*,"-$%
'#%$%+*7/*)4%3"(/"#&,*!"$!&-"#$*,*/*5%)*S
" 2022
# $
.
A ?
o$39*)-'$'!"
8"/&'$*-
?
2022 .
2021 .
*7',$%4%
1098
979
("4%*-%&,%&/ )'!'#$%51$)4%%
42
41
("4%*-%&,%
159
157
68'9'0"$%$"(/'9%A-"$("/&'$*-
31
29
70'
1330
1206
o %#/*!-%) %9* 1,! /#"$* (/'/*9* +* '71;"$%" % ('!%A*!*$"
)!*-%5%)*4%'$$','$%!'$*#- :$'&,%,"!(/'%+!'#&,!','*!&")%/*7',$%)%&-1:%,"-!
#/1:"&,!','&"%+! /A!*'4"$3!*$"$*%$#%!%#1*-$',',/1#'!'(/"#&,*!3$"%/*+!%,%"(/"+
("/%'#* $* ,/1#'!' $*+$*;"$%" * /*7',$%4% % &-1:%,"-% :"-*"0% #* ('!%A*, &!'",'
'7/*+'!*$%"%)!*-%5%)*4%3('(/'5"&%3!&5"/*,*$*9*A%$'&,/'"$",'/ )'!'#&,!','$*
o%#/*!-%)(/"#-**! +9':$'&,+*('!%A*!*$"$*)!*-%5%)*4%3,*
1:"&,!',' %9* %9* &)-N;"$' &('/*+19"$%" +* '71;"$%" $* 1;"$%4% ;/"+ /*7',*
o#1*-$''71;"$%"&8o!*$*#:%"$'!%/*9)'!'&('/*+19"$%"+*& ,/1#$%;"&,!'&p?
=
*7/'!'*(-*0*9"&"9"&,/%*-$%,",*)&%+*'71;"$%"$*6@&,1#"$,%!".$%;"&)%3)'-":
/*+*$- )
(/"+'#%$*/ )'!'#&,!','$*#/1:"&,!','0"(/'# -:%, /&"$",'%'71;"$%",'
$* $'!% )*#/% +* (/'5"&%'$*-$% %+( -$%,"-% % %$:"$"/% * %+3!"$% 1;"$%4% ',
%9$*+%*-"$ )1/& 0" &" (/"#-** ! +9':$'&, +* &,%("$#%3 ! 1$%!"/&%,",% ! r -*/%3 %-%
%+! $&,/*$*,*)*),'%+*/*7',*!#/1:"&,!','&-"#,'!* 0%3,('#.'#0"(/'# -:%#*&"
(/%-**%('',$'A"$%"$*&,1#"$,%',".$%;"&)%31$%!"/&%,",o%#/*!-%)0"
(/'# -:% #* &,%91-%/* % '71;*!* #'7/%," %$:"$"/% ! #/1:"&,!',' & 4"- %+/*&,!*$" % $*
.'/%+'$,*-$'$%!'
AC"! ! %
(
-*&$' #"2&,!*0',' &;",'!'#$' +*)'$'#*,"-&,!' ! r -*/%3 ', $*;*-',' $*
/1:"&,!','(/%-**":#1$*/'#$%,"&,*$#*/,%+*5%$*$&'!%',;",%*&,'30%35%$*$&'!
',;","%+',!"$!& ',!",&,!%"&%+%&)!*$%3,*$*":#1$*/'#$%,"&,*$#*/,%+*5%$*$&'!%
',;",%)*),'&*'#'7/"$%',!/'("2&)%3& N+/1:"&,!','(/'# -:*!*& 0*,*&;",'!'#$*
('-%,%)*)*),'%(/%%+',!3$",'$*5%$*$&'!%3',;",+*>3-*,*&;",'!'#$*('-%,%)*
$* #/1:"&,!',' " '(%&*$* ! '73&$%,"-$%," 7"-":)% (/"#&,*!"$% ) 9 '#%A$%3 5%$*$&'!
',;",
!!&(!
D !
.%--!
.%--!
*,"/%*-$%+*(*&%
CH=6
DH
/*,)'&/';$%!+"9*$%3
HCC
=@D
8*/%;$%&/"#&,!*
@6
6
*-%;$%)/*,)',/*2$%*),%!%IJ
DH=
C=D
=
/*,)'&/';$%+*# -:"$%3
D@H
CH6
C
70/*+9"/$**),%!%,"I)*(%,*-!&J
H@6@
H@HH
D
8*/%;$%&/"#&,!*!qIB6J
q
q
H
8*/%;$%&/"#&,!*!qIBCJ
q
q
@
70*-%)!%#$'&,6B=
H
C
7&'-N,$*-%)!%#$'&,B=
H
H
C
+('-+!*$%," ', (/"#(/%3,%",' 5%$*$&'!% %$&,/19"$,% )'*,' " & 0"&,!"$' +*
'4"$3!*$" $* *),%!%," (*&%!%," 5%$*$&'!',' & &,'3$%" % 5%$*$&'!%3 /"+1-,*, &"
'('!"&,3!*,S
?
>"-%," % ('-%,%)*,* $* (/"#(/%3,%",' (' 1(/*!-"$%" $* 5%$*$&'!%3 /%&)
!)-N;%,"-$'('-%,%)*,*91$*."#:%/*$"$*!&")%'&$'!"$,%(."#:%/*$*('+%4%3+*)'3,'
&"(/%-**',;%,*$"$*."#:%/*$",'
?
)&('+%4%3,* $* (/"#(/%3,%",' (' ',$'A"$%" $* 4"$'!%3 )/"#%,$%3 % -%)!%#$%3
/%&)%/%&)*$*(*/%;$%3(',')
C
$5'/9*4%3,* " $*-%;$* ! '('!"&,3!*$",' ) 9 '#%A$%3 5%$*$&'! ',;", $*
#/1:"&,!','+*I,',/*+#"-o/1%'('!"&,3!*$%3t<%$*$&'!%/%&)'!"J
*
>
7&-1:!*0% 7*$)%S /1:"&,!',' /*7',% (/"#%9$' & o$,"/$"A $ - &", r*$)
o*25*2+"$7*$)r -*/%3orr
/"#%,$*")&('+%4%3
?+.?+E,/;-F/
#
#
97*$)%
8'-%+%$
%.!%('5%$*$&'!%(*&%!%
C6
($!%G
)*
)'!'#&,!',' ('## /:* $*-%;$% (*/%;$% &/"#&,!* ! -"!* % !*-1,* ! #'&,*, ;"$
/*+9"/+*('&/"0*$"$*+*# -:"$%3,*&%
8
H &%
"2$'&,,*$*#/1:"&,!','"%+-':"$*$*&/*!$%,"-$''/*$%;"$%5%$*$&'!%/%&)'!"
',)'%,'$*2?+$*;%,"-$%&*S
1/&'!%/*+-%)%?(/'%+.':#*0%',('-1;"$%)/"#%,%',$"5%$*$&'!%'/*$%+*4%%!
0*,&)%#'-*/%8/"+'#%$*$39*& 0"&,!"$%(/'#*:7%!0*,&)%#'-*/%
,-':"$%(-*0*$%3',)-%"$,%S%&)& 0"&,!1!*(/%(/"#'&,*!3$"$*'-"9%)-%"$,%
(/'#1)4%3&',-':"$'(-*0*$"#'@#$%,#/1*&,/*$*& 0'('-1;*!*9"(/"5"/"$4%*-$%
,*)%!*1&-'!%3',$*A%'-"9%#'&,*!;%4%‡
"(/'!":#*9"('-%,%)*$*."#:%/*$"$39*9"."#:%/*$%('+%4%%%',;",$'&,
I ,&%
'/('/*,%!$*,* ('-%,%)* $* o %#/*!-%) &" '&$'!*!* $* ','!'/$'
1&,'2;%!'%(/'+/*;$'1(/*!-"$%"& '7/*+"$'&(/%+$*,%,"&,*$#*/,%%(/%$4%(%+*#'7/'
)'/('/*,%!$' % 1(/*!-"$%" & (/%$4%(%," $* )'/('/*,%!$*,* &'4%*-$* ','!'/$'&,
',/*+3!*0%','!'/$'&,,*$*(/"#(/%3,%",'+*!-%3$%",'91! /.1'70"&,!','")'-'%3,*
%%)'$'9%)*,*)*,'43-'
o%#/*!-%)%9*# -'&/';$*(/'/*9*+*#'7/')'/('/*,%!$'1(/*!-"$%"
)'3,'"('#;%$"$*$*(/%$4%(%,"+*S
ˆ','!'/$'&,%$"+*!%&%9'&,$*)'/('/*,%!$','/ )'!'#&,!'‡
ˆ+*0%,* (/*!*,* $* *)4%'$"/%," % '7"+(";*!*$" $* /*!$'('&,*!"$' ',$'A"$%" ) 9
!&%;)%*)4%'$"/%‡
ˆ'7"+(";*!*$"(/%+$*!*$",'$*(/*!*,*$* -%4*,*+*%$,"/"&1!*$%', 1(/*!-"$%",'%
1&,'2;%!','/*+!%,%"$*#/1:"&,!','%$*& /;*!*$"$*& ,/1#$%;"&,!','&,3.‡
ˆ'&%1/3!*$" $* &!'"!/"9"$$' % ,';$' /*+)/%!*$" $* %$5'/9*4%3 ',$'&$'
5%$*$&'!',' & &,'3$%" /"+1-,*,%," ', #"2$'&,,* &'7&,!"$'&,,* % 1(/*!-"$%",' $*
#/1:"&,!','‡
D
ˆ"5"),%!"$)'$,/'-! /.1#"2$'&,,*$*& !",*$*#%/"),'/%,"%',;",$'&,,*91(/"#
!&%;)%+*%$,"/"&1!*$%-%4*
%%!%
"-*9"$,BH=$*!/'("2&)%3(*/-*9"$,%$* !",*',HN$%+*& +#*!*$"$*
/*9)* +* 1-"&$3!*$" $* 1&,'2;%!%," %$!"&,%4%% I"-*9"$, BH=J &" 1&,*$'!3!*,
)/%,"/%%," '(/"#"-30% #*-% #*#"$* %)'$'9%;"&)* #"2$'&, &" )!*-%5%4%/* )*,'
")'-'%;$' 1&,'2;%!* +* 4"-%," $* 1&,*$'!3!*$",' $* &,"("$,* $* ")'-'%;$*
1&,'2;%!'&,$*#*#"$*%$!"&,%4%3
"-*9"$,*&*'(/"#"-"$%A"&,")'-'%;$%4"-%S
*J&9");*!*$"$*%+9"$"$%",'$*)-%9*,*‡
7J*#*(,%/*$") 9%+9"$"$%",'$*)-%9*,*‡
!J1&,'2;%!'%+('-+!*$"%'(*+!*$"$*!'#$%,"%9'/&)%,"/"&1/&%‡
J(/".'#) 9)/ '!*%)'$'9%)*‡
#J(/"#',!/*,3!*$"%)'$,/'-$*+*9 /&3!*$",'‡
"J+*0%,*%! +&,*$'!3!*$"$*!'#$','7%'/*+$''7/*+%"%$*!'#$%,"")'&%&,"9%
")'-'%;$*,*&%(/'/*9*%#/*!-%)"+*-':%-'%1&,'2;%!'&"&,/"9%) 9
('&,%*$"$*&-"#$%,"4"-%',$'&%9%) 9#"2$'&,,*$*#/1:"&,!','S
?&9");*!*$"$*%+9"$"$%",'$*)-%9*,*‡
?*#*(,%/*$") 9%+9"$"$%",'$*)-%9*,*‡
?(/".'#) 9)/ '!*%)'$'9%)*‡
?(/"#',!/*,3!*$"%)'$,/'-$*+*9 /&3!*$",'‡
+ '&$'!* $* /*+('/"#7%," $* "-"%/*$ /"-*9"$, B@ 7"A" $*(/*!"$* (/"4"$)*
',$'&$' #'(1&,%9%," +* ,*)&'$'9%3,* %)'$'9%;"&)% #"2$'&,% ! /*9)%," $* #/1:"&,!','
)'$'9%;"&)*,*#"2$'&,$*%#/*!-%))*,'43-'$"('(*#*!'7.!*,*$*#"2$'&,%,"
/"-*9"$,%/*$%&"-"%/*$/"-*9"$,B@/"&("),%!$'t!'7.!*,*$*,*)&'$'9%3,*&
%+)-N;"$%"$*#"2$'&,,*('8/'%+!'#&,!'$*"-"),/'"$"/%3;/"+,".$'-'%3+*&- $;"!*
5','!'-,*%;$*"$"/%3
1.1. , ( )
<$
<
E%<"%
!( "
J("!
<!%
(
"
J(
"
!
<!
%
(
7'/',!.%-
-!
D=
HC
==q
8/'#*:7* $* ',(*# 4%
+* /"4%)-%/*$" %
('!,'/$*1(',/"7*
H
1.2. , () ( )
1<
!%
"
J(!"
!($
=
<!"
!J(
!%
K
<
!
<!
<
E !#"
G
L! "
%$<!
%K
<L( !!=%
<!%
(!
!!!
!%
<!%
%K
L!!
%<!
%(
" $!
!
*(%,*-'!%
/*+.'#%!.%-
-!
CH
@CD
=@q
†<>t%+/*:#*$"$*
<','!'-,*%;$*4"$,/*-*
1.3. , () ( )
!
!#"!
(!
!"
!"
(!
ML"
"(
!#"
!$
<
%"
=%"
<#"!
E
!#"G
L!
"%$
<!%
("
J(<(
<!
(="
!
!#" %
(!
!K
<L( !?+!
@
<! (
&
!
!=%<!
%(
!
%!
!%(
<!
%
&K
L!!
%<!
%(
"
$!
!"
!
(!
9
("/*,%!$%
/*+.'#%.%-
-!
DDC
6
6Cq
*+.'#%+*
(/";%&,!*,"-$*&,*$4%3
(/'%+!'#&,!'$*
"-"$"/%3("/&'$*-
(/"#*!*$"$*'(*&$%
',(*# 4%%#/
8'-%,%)*,* $* %#/*!-%) (' '(*+!*$" $* ')'-$*,* &/"#* % $*9*-3!*$" $*
!/"#$','! +#"2&,!%"! /.1$"3',#"2$'&,,*$*/1:"&,!','"& &,*!$*;*&,',8/'/*9*,*+*
/*+!%,%",'91
0"(/"+C!/1:"&,!','7"%+/*#"$*"&"/,%5%4%/*$*51$)4%'$%/*0*%&,"9*
+* 1(/*!-"$%" $* ')'-$* &/"#* BpB -*&$' %+%&)!*$%3,* % ! /1:"&,!',' &*
'(/"#"-"$% +$*;%9% *&("),% B! +#"2&,!%3B ', #"2$'&,,* 91 ! /.1 ')'-$*,* &/"#* * ,*+%
7*+*"/*+/*7',"$*%&"%+( -$3!*8/'/*9*+*1(/*!-"$%"$*')'-$*&/"#*!/1:"&,!','
$"3&*('&';"$%! +-'!%+*#*;%%9"/)%(''(*+!*$"$*')'-$*,*&/"#*'!*&*S!%+%3,*$*
/1:"&,!','+*')'-$*,*&/"#*1(/*!-"$%",'$*#"2$'&,%,"(''(*+!*$"$*9'$%,'/%$*
% (/%'/%,",%," $* /1:"&,!',' (/% 1(/*!-"$%" $* )*),' % ('#.'#%," +* ('&,%*$" $*
('&';"$%,"4"-%"/*+#"-$*;*&,',8/'/*9*,*('')'-$*&/"#*&*8-*$ ,+*#"2&,!%"('
1(/*!-"$%" $* 8/'/*9*,* +* 1(/*!-"$%" $* ',(*# 4%," % 8-*$ , +* #"2&,!%" ('
1(/*!-"$%" $* ',(*# 4%," (-*$'!"," +* #"2&,!%" &* $*7"-3+*$% 9"/'(/%3,%3 9"/)% %
+*#*;% % &* (/"#!%#"$% &/"#&,!* % ('&';"$% &/')'!" % ','!'/$%4% +* %+( -$"$%",' %9
8'/*#%,'!*1(/*!-"$%",'$*(/'9%A-"$%,"%'(*&$%',(*# 4%S9*&-*&9*+';$'?'.-*:#*0%
,";$'&,%5%-,/1!*0%"-"9"$,%*)191-*,'/$%7*,"/%%1,*2)%',-"(%$'!*$"%A-%5'!*$"
% #/ " $* $"'7.'#%9',' $%!'S %+/*#"$%," (-'0*#)% +* !/"9"$$' & ./*$"$%" $* '(*&$%
',(*# 4%!*+*$- )%,/%,"5%-%*-*&"('## /:*,!#'7/'& &,'3$%"&)-N;"$%&*#''!'/%
&5%/9%)'%,'%9*,/*+/"A"$%3+*#"2$'&,%&',(*# 4%',& ',!",$%,", /&3,&"%
#/1%5%/9%&/*+/"A%,"-$%&4"-*-,"/$*,%!$%! +9':$'&,%%B%-%/*+A%/3!*$"$*'7.!*,*
$* (/"#*!*$%," ',(*# 4% $*(/%9"/ $* ',(*# 4% & # /:*0% "-"),/'$$% )'9('$"$,%S
(/%$,"/%9'$%,'/%)'9(N,/%
*%+9%$*-*,*/*+.'#%,"$%+*(/"#*!*$"$*'(*&$%',(*# 4%&*HD.%--"!**
(/%.'#%,"',(/"#*#"$%,"+*'('-+',!'/3!*$"(/'9%A-"$%',(*# 4%tHC.%--"!*
&3)* '#%$* ! /1:"&,!',' &" (/%"9* % %+( -$3!* 8-*$?(/'/*9* +* &'7&,!"$
9'$%,'/%$ (' ')'-$* &/"#* '7.!*0*0* !&%;)% &,/1),1/$% +!"$* % (/'4"&% * !&3)*
%+! /A"$* (/'!"/)* &" & &,*!3 (/',')'- * (/% 1&,*$'!"$' $"& ',!,&,!%" ")'-' , %+#*!*
(/"#(%&*$%" +* ',&,/*$3!*$",' 91 8/'/*9*,* +* '71;"$%" $* ("/&'$*-* !&3)* '#%$* &"
!)-N;!*,'71;"$%3('')'-$*&/"#*%('7"+'(*&$'& ./*$"$%"%/*7',*&'(*&$%.%9%;$%
!"0"&,!*%&9"&%$*/*+-%;$%$%+'!%/ )'!'#%,"-%%&("4%*-%&,%+! /A!*,&"%'71;"$%"
% (/'%/*!*$" $* *!*/%2$% &%,1*4%% & /%&) +* ')'-$*,* &/"#* $*(/ (/'#',!/*,3!*$" $*
+*9 /&3!*$%3(/%'-"9%/*+-%!%$*,";$'&,%%#/
*(/"#',!/*,3!*$"+*9 /&3!*$",'$* !'#%,"! )/*3$*H7"A"(1&$*,* !#"2&,!%"
8/";%&,!*,"-$* &,*$4%3 +* '7/*7',)* $* ',(*#$%," !'#% ', (/'%+!'#&,!"$% 1;*&, 4%
*$*$'5'&5*,%/*$"%%9%)',"/9%;$*'7/*7',)*!&'-$%!*$%,,'*!*,3&"('## /:*!
#'7/' ,".$%;"&)' & &,'3$%" #'&,*!3, &" $*!/"9" $"'7.'#%9%," .%9%)*-% +*
51$)4%'$%/*$",'%*9& 0'&"'& 0"&,!3!*&'7&,!"$9'$%,'/%$+*;%&,',*,*$*!'#*,*
*)*&"(/"#',!/*,3!*%+(1&)*$",'!/*#&)*,*)*$*-%+*4%3$*!'#%+*9 /&"$%&,":)%9",*-%
$%,/%,%%#/1%'$,/'-! /.1)*;"&,!','$*',(*# ;$%,"!'#%$*/1:"&,!','("/%'#%;$'
%+! /A!* -*7'/*,'/%3,* $* 8/";%&,!*,"-$* &,*$4%3 +* ',(*# ;$% !'#% / *+*$- )
$*9%/*0* &" ! & !'0$%) +/*+.'#!*$%," &/"#&,!* +* .%9%)*-% ("/&'$*-% #/1% !
(/";%&,!*,"-$*,*&,*$4%3+*(/'9%A-"$%',(*# ;$%!'#%(/"+&*!'70/*+9"/C
.%--"!*
* '(*+!*$" ;%&,',*,* $* *,9'&5"/$%3 ! +#1. !&3)* '#%$* *)/"#%,%/*$* -*7'/*,'/%3
%+! /A!*%+9"/!*$%3$* )'$4"$,/*4%3,*$*'/*$%;"$ ! -"/'#%+(1&)*$!*,9'&5"/*,*',
'/*$%+%/*$%%+,';$%4%B)'9%$%B !1;*&, 4%," +*7'3#%&!*$"$* %+#"-%3,* +'&$'!*$*
/"+1-,*,%," ', ,"+% %+9"/!*$%3 ")'-' , %+',!3 8-*$ +* 1(/*!-"$%" $* /*+,!'/%,"-%,"
B8pB)'2,'&"1,! /:#*!*',t,*'/*
4"- )'$,/'- ! /.1 )*;"&,!',' $* ('#(';!"$%," !'#% ('-+!*$% ', /1:"&,!',' +*
(/'9%A-"$%4"-%!"#$ :!'#%$*,*&"%+! /A!**$*-%+$*)*;"&,!','%9',*)/"#%,%/*$*
-*7'/*,'/%3"+1-,*,%,"',*$*-%+*&"(/"#&,*!3,!r*&"2$'!*#%/")4%3o+,';$'7"-'9'/&)%
/*2'$/8-'!#%!
"#$ : $* #!" '#%$% &" %+! /A!* %+9"/!*$" $* A19* %+- ;!*$ ', #/1:"&,!',' ('
/*$%4*,* $* %9',* & 4"- %+',!3$" $* A19'!* )*/,* % '4"$)* $* ! +#"2&,!%",' $* A19* !
')'-$*,*&/"#*
)'-' , $* 5%/9*,* &-"#% +* %+( -$"$%",' $* #"2$'&,%," (' 1(/*!-"$%" $*
"$"/%/*$%," ! ! 5%/9*,* ',(*# 4% %+( -$"$%",' $* (/"#(%&*$%3,* % ('## /:*$",' $*
!/ +)%,"& && ',!",$%,"# /:*!$%% '70%$&)%'/*$%S%$%&,"/&,!' $*')'-$*,* &/"#* %
!'#%," +( -$%,"-$* *"$4%3 (' ')'-$* &/"#* t '5%3 t , *'/* % t ,
*'/* /"&( 8/";%&,!*,"-$* &,*$4%3 +* ',(*# ;$% !'#%t*+*$- ) r*&"2$'!* #%/")4%3 ?
+,';$'7"-'9'/&)%/*2'$t8-'!#%!70%$**+*$- )%#/-"#%+*$'!%%%+9"$"$%3!
& 0"&,!1!*0% !";" $*/"#7% % #/ $'/9*,%!$% %+&)!*$%3 (' ',$'A"$%" $* ')'-$*,* &/"#*
8'## /:**),1*-"$&(%& )$*,*)%!*)*&*"0%#"2$'&,,*$*/1:"&,!','
8'## /:*&"#''!'/*&8t'/*$%+*4%3+*'('-+',!'/3!*$"$*',(*# 4%,"',
'(*)'!)% )*,' ,*)* &"%+( -$3!*, %+%&)!*$%3,* (/'%+,%;*0% ', */"#7*,* +* ',(*# 4% ',
'(*)'!)%*%+9%$*-*,*'#%$*(-*,"$%,",*)&%) 9,*+%'/*$%+*4%3! +-%+*,$*@.%-
-"!*
(/'/*9%," +* ,".$'-'%;$' '7$'!-"$%" %+',!3$% % %+( -$3!*$% !&3)* '#%$* &"
! !":#*, $'!% 9*A%$% & '/ :"$%3 % ,".$'-'%% $*9*-3!*0% !/"#$',' ! +#"2&,!%" ! /.1
')'-$*,*&/"#* )'!'#&,!','$*5%/9*,*0"(/'# -:%(/*),%;"&)%,"&, ()%+*$*9*-3!*$"
$* /*+.'#%," $* (/%/'#$% /"&1/&% &! /+*$% )*),' & $*9*-3!*$" +*9 /&3!*$",' $* ')'-$*,*
&/"#*,*)*& 0'%&$*9*-3!*$",'$*5%$*$&'!%,"/*+.'#%+*"$"/%2$%/"&1/&%
&%;)%#"2$'&,%('',$'A"$%"$*')'-$*,*&/"#*&*('&';"$%%&"%+! /A!*,& -*&$'
'73!"$*,* (/"# '70"&,!"$'&,,* 8'-%,%)* (' )'-$* &/"#* % (/'4"#1/%," $* #"2&,!*0*,*
%&,"9*+*1(/*!-"$%"$*')'-$*&/"#*BpB'7-*&,,*$*')'-$*,*&/"#*#/1:"&,!','&"
*$*:%/*#*(/'!":#*('-%,%)*&)'3,'S
?5"),%!$'#*3+*0%,*!*%#*3(/"#(*+!*',+*9 /&3!*$"‡
?*/*7',%& -*&$'+*)'$%,"$*/"#7%,"%&,*$#*/,%,"+*'(*+!*$"$*')'-$*,*&/"#*‡
?5"),%!$'% "5%)*&$'#*%+('-+!*"&,"&,!"$%,"/"&1/&%! ,;"$"/%3,*& 4"-#* 3
& ./*$%
/1:"&,!',' '71;*!* %$5'/9%/* % 9',%!%/* &-1:%,"-%," &% +* #* %+( -$3!*,
+*# -:"$%3,* &% )*;"&,!"$' (' 7"+'(*&"$ % ")'-''& '7/*+"$ $*;%$ % ! & ',!",&,!%" &
(/%",%,"','/*$%+*4%3,*%+%&)!*$%3
"+1-,*,%,"','& 0"&,!"$%,"#"2$'&,%!'7-*&,,*$*'(*+!*$",'$* ')'-$*,*&/"#* &*
('&,%$*,% ;/"+ /"*-%+%/*$",' $* /*+-%;$% (/'"),% 8'!%A*!*$",' $* "$"/%2$*,*
"5"),%!$'&, !'#% #' $*9*-3!*$" $* %+('-+!*$%," (/%/'#$% &1/'!%$% % $*9*-3!*$" $*
)'-%;"&,!',' $* ',(*# 4%," ', ,3. /*4%'$*-$' (/"/*+(/"#"-"$%" $* %+#"-%3,* /*+#"-$'
& 7%/*$"%%+.! /-3$"$*',(*# 4%,"
4"-$*9*-3!*$"(',/"7-"$%",'$*+*)1("$*"-"),/'"$"/%3%"5"),%!$'%+('-+!*$"$*
$"%+;"/(*"9%," (/%/'#$% %+,';$%4% ! $*;*-',' $* '#%$* ! %#/*!-%)
+*(';$* ")&(-'*,*4%3,* $* $'!'('&,/'"$* 5','!'-,*%;$* %$&,*-*4%3 & 9'0$'&, HC ƒ€Q
8/"+ '# 7"A" %+/*#"$* $'!* o<','!'-,*%;$* 4"$,/*-* +* &'7&,!"$% $1:#% &
%$&,*-%/*$* (%)'!* 9'0$'&, ƒ€Q $' ) 9 $*&,'30%3 9'9"$, '0" $" " (1&$*,* !
")&(-'*,*4%370*,*&,'2$'&,$*%$!"&,%4%%,"+*%+/*:#*$"$*5','!'-,*%;$%,"&%&,"9%
(/"+'#"@CD9-$-!)*,'';*)!*$%3,*&*&-"#! !":#*$"!")&(-'*,*4%3%$*!,'/*,*
&%&,"9* #/1:"&,!',' #* 9':" #* (')/%!* #' = q ', '#%A$',' (',/"7-"$%" $*
"-"),/'"$"/%3 +* &'7&,!"$% $1:#%
7& :#* &" (/"#-':"$%" +* %+/*:#*$" $* ,/",*
5','!'-,*%;$*4"$,/*-*+*&'7&,!"$%$1:#%
& ',!",&,!%" & ('-%,%)*,* &% (' '(*+!*$" $* ')'-$*,* &/"#* #/1:"&,!',' ('-**
1&%-%3+*$*9*-3!*$"$*"9%&%%,"$*j|('&/"#&,!'9(/%-**$"$*9"/)%+*"5"),%!$'&,$*
(',/"7-"$%",' "$"/%/*$" $* "$"/%3 ;/"+ %+/*:#*$" % ! !":#*$" ! ")&(-'*,*4%3 $*
5','!'-,*%;$%&%&,"9%+*(/'%+!'#&,!'$*"$"/%3',! +'7$'!3"9%%+,';$%4%+*&'7&,!"$%
$1:#%
" ! ?
8/'# -:*!*0%3, "5"),%!"$ &'4%*-"$ #%*-' $* / )'!'#&,!',' & & &%$#%)*-$%,"
'/*$%+*4%% $* r % o8'#)/"(* % #"2&,!*0%3, (/"+ '-"),%!"$ ,/1#'!
#''!'/ IJ ('#('9**, (/%-**$",' % 1& ! /A"$&,!*$",' $* #'7/%," (/*),%)% +*
)'/('/*,%!$*&'4%*-$*','!'/$'&,)*),'+*&*9%," /*7',"0%,*)* %+* ,".$%,"&"9"2&,!*
''!'/"$% &* &,%91-% % (/%#'7%!)% )*,'S 7'$1&% ! +*(-*0*$",' (' (/"#!*/%,"-$'
#''!'/"$%!(/*!%-*!*1;"/%+*./*$*)*/,%+*,/*$&('/,('#('9**$"$*-";"$%",'$*
$*A%," &-1:%,"-% ('#('9**$" (/% /*#'&,$% % , :$% ('!'#% '/*$%+%/*$" $* &('/,$%
9"/'(/%3,%3! !5%/9*,*)*),'%1;*&,%3!$*4%'$*-$%%9":#1$*/'#$%&('/,$%& &,"+*$%3
%#/*!-%)%9*1,! /#"$*('-%,%)*('1(/*!-"$%"$*;'!"A)%,"/"&1/&%)'3,'
"$*&';"$*'&$'!$') 9('#'7/3!*$"$*1&-'!%3,*$*,/1#('!%A*!*$"$*)!*-%5%)*4%3,*
('!%A*!*$" $* #'.'#%," &'4%*-$* ('#)/"(* (/% &(*+!*$" $* '&$'!$%," ;'!"A)% (/*!* %
'& 0"&,!3!*$" $* #/1% #"2$'&,% )'%,' &('&'7&,!*, +* ('## /:*$",' $* +#/*!",' %
/*7','&('&'7$'&,,*$*+*",%,"-%4*
8'',$'A"$%"$*+*",%,"!(/"#(/%3,%",'-%4*&"(/%-**,&-"#$%,"('-%,%)%S
ˆ !"#"$% &* % &" (/%-**, %+%&)!*$%3,* % &,*$#*/,%," +* 7"+'(*&$% % +#/*!'&-'!$%
1&-'!%3$*,/1#/1:"&,!','(/"9%$*!*(/"++*# -:%,"-"$'#%,$*'&%1/"$%,"1&-'!%3$*
,/1# & -*&$' %+%&)!*$%3,* $* 7 -*/&)',' +*)'$'#*,"-&,!' 8"/%'#%;$' &" %+! /A!*,
/"9'$,%%'7$'!3!*$"$*/*7',$%,"('9"0"$%"&'-"#('#'7/3!*$"$*1&-'!%3,*$*,/1#
ˆ8"/%'#%;$'&"%+! /A!*,'4"$)%$*/%&)*+*#*&"1&,*$'!3,'&,*!*0%,"/%&)'!"+*
+-'('-1)%%-%7'-"&,%$*/*7',$','93&,'%+*#*&"$*9*-%!-%3$%",'$*,"+%/%&)'!"('
',$'A"$%"$*&-1:%,"-%,")*,'&!'"!/"9"$$'&"(/"#(/%"9*,$"'7.'#%9%,"9"/)%
ˆ /1:"&,!',' (/%"9* % %+( -$3!* '#%A$% (/'/*9% +* +#/*!" % 7"+'(*&$'&, (/%
/*7',*
ˆ&%1/"$% &* % /"1-3/$' &" %+! /A!*, 7"+(-*,$% 9"#%4%$&)% (/"-"#% % /%:* +*
!&%;)%+*",%!#/1:"&,!','-%4*
ˆ8/"#'&,*!3,&"/*!$%(/*!*%! +9':$'&,%+*/*7',*%)*/%"/$'/*+!%,%"$*+*",%,"
-%4* " &" #'(1&)* (/3)* %-% $"(/3)* #%&)/%9%$*4%3 (/% $*"9*$" $* /*7',* %-% $*
/*7',$','93&,''&$'!*$*$*#%&)/%9%$*4%'$$%(/%+$*4%
ˆ%&,"9*,* +* '(/"#"-3$" $* ! +$*/*:#"$%3,* &" '&$'!*!* $* "#%$$% '7"),%!$%
)/%,"/%%*&%&,"9*,*+*(/%-**$"$* 7'$1&%) 9+*(-*0*$",'$*+*",%," -%4*&"'&$'!*!*
"#%$&,!"$'$*('&,%$*,%#'7/%/"+1-,*,%!/*7',*,*
ˆ !"#"$* " % &" (/%-** ('-%,%)* +* (/"#'&,*!3$" $* &'4%*-$% $*#7*!)% ) 9
! +$*/*:#"$%3,*$*+*",%,"-%4*?":"9"&";$'&"(/"#'&,*!3,!*1;"/%+*./*$*‡+*(-*0*,&"
( ,$%," /*+.'#% +* ',#*-";"$'&, ', 9"&,'/*7',* #' ('&,'3$$%3 *#/"& $* +*",%," -%4*‡
(/"#'&,*!3, &" ('9'0% +* -";"$%" )*),' % +* -%;$% ('!'#%‡ (/"#'&,*!3, &" (/"9%% +*
"-%)#"$&)%,"%'-"#$%,"(/*+$%4%
ˆ&%1/"$% &* 1&-'!%3 +* &('/,$% #"2$'&,% )'%,' &" 5%$*$&%/*, ', #/1:"&,!','
5'/9%/*$ " &('/,"$ ',7'/ (' 51,7'- ! )'2,' !&")% &-1:%,"- %9* ! +9':$'&, #* &"
!)-N;%
ˆ*+*",%,"!(/"#(/%3,%",'-%4*&*&)-N;"$%+*&,/*.'!)%)*,'+*&,/*.'!)*o‰%!',
o/1#'!*+-'('-1)*%o-'('-1)*%'70'+*7'-3!*$"
ˆ:"'#$' &" /*+/*7',!* (/'/*9* +* '71;"$%3 % ('!%A*!*$" $* )!*-%5%)*4%3,* %
19"$%3,* 8/"+ '#%$*,* '71;"$%3 (' /*+-%;$% ,"9% &* (/"9%$*-% /*7',$%4% %
&-1:%,"-%
ˆ,=o%#/*!-%)('## /:*(*/,$…'/&,!'&8o!*$*#:%"$'!t
/ *+*$- ) +* #1*-$',' '71;"$%" )*,' (/"#'&,*!39" ! +9':$'&, $" &*9' +* (/*),%;"&)'
'71;"$%"$*1;"$%4%,"*%/*7',*!/"*-$*/*7',$*&/"#*
ˆ
*7',$%4%," % &-1:%,"-%," ', o %#/*!-%) 9'*, #* &" ! +('-+!*, ',
/*7',$%;"&)%&,'-7"+(-*,"$-")*/&)%%+ 7'-")*/&)%)*7%$",$*9%/*0%&"$*,"/%,'/%3,*
$*/1:"&,!','
*+.'#%,"+*&'4%*-$%#"2$'&,%(/"+&*$*'70*&,'2$'&,==H.%--"!*!,;S
!*1;"/%+*./*$*t6.%--"!*('9'0%tC.%--"!*+#/*!$*&-1:7*t=D.%--"!*
(';%!$%7*+%t6.%--"!*)1-,1/*%&('/,t.%--"!*
o%#/*!-%)! (/'&%,"&! /+*$% &)*;"&,!','')'-$*,* &/"#* +#/*!",'%
7"+'(*&$'&,,* )*),' % &'4%*-$%," ! (/'&% %9*, ( /!'&,"("$$' +$*;"$%" % & ,*+% 4"-
/ )'!'#&,!',' $* /1:"&,!',' ('## /:* % /*+!%!* %$,"/%/*$* &%&,"9* +* 1(/*!-"$%" !
& ',!",&,!%"&%+%&)!*$%3,*$*!'#"0%9":#1$*/'#$%&,*$#*/,%('1(/*!-"$%"$*)*;"&,!','
IFl| @S=J ')'-$*,* &/"#* IFl| 6S=J +#/*!",' % 7"+'(*&$'&,,* I|wlnl
HSDJ&*),%!$','1;*&,%"$*!%&')')!*-%5%4%/*$%&("4%*-%&,%%%$:"$"/%
o %#/*!-%) '& +$*!*2)% '70"&,!"$*,* +$*;%9'&, $* /"+1-,*,%," ', &!'3,*
#"2$'&,&"(/%# /:*) 9(/%$4%(*+*',)/%,'&,$*%$5'/9*4%3,*+*#"2$'&,,*&%&,/"9%&"
#* %+/*:#* % ('## /:* 1&,'2;%!% )'$&,/1),%!$% !+*%9'',$'A"$%3 & '/*$%," $*
# /:*!$*,* !-*&, % 9"&,$',' 1(/*!-"$%" /1:"&,!',' %+( -$3!* &!'3,* #"2$'&, ! &,/''
& ',!",&,!%" & & +*)'$%," % #/1%," $'/9*,%!$% (/*!'!% *),'!" $* "(17-%)* r -*/%3
,$'A"$%3,* $* /1:"&,!',' & '/*$%," $* # /:*!$*,* !-*&, % 9"&,$' &*9'1(/*!-"$%" &"
7*+%/*, $* (/%$4%(%," $* ','!'/$'&, #'7/'& !"&,$'&, (/'5"&%'$*-%+ 9 (*/,$…'/&,!'
!+*%9$'#'!"/%"*& 0',*)*1!*:"$%"%$"$*/1A*!*$"$*('",%,"+*# -:"$%3
o%#/*!-%)(/%"9*+*)'/('/*,%!$*','!'/$'&,#*#'(/%$*&3+*/*+!%,%",'
$* 9"&,$*,* '70$'&, )*,' ":"'#$' ('#('9** & (*/%;$% &/"#&,!* /*+-%;$% &('/,$% %
&'4%*-$%'/*$%+*4%%%)1-,1/$%9"/'(/%3,%3!'70%$**+*$- )
!
%#/*!-%)(/%-**('-%,%)*$*&';"$*) 9('!%A*!*$"$%!','$*)*;"&,!'%
*/*$,%/*$" $* 7"+'(*&$'&,,* $* (/'%+!":#*$%," (/'#1),% )'%,' #* 1#'!-",!'/3!*,
$*/*&,!*0%," (',/"7$'&,% $* )-%"$,%," "1-3/$' &" %+! /A!*, & !9"&,$% *$*-%+% 9":#1
',#"-%,"('(/'#1),'!'(-*$%/*$"(/'"),%/*$"%$:"$"/%$%'&%1/3!*$"$*)*;"&,!','',
"#$* &,/*$* % ',#"-%," (' (/'#*:7% % 9*/)",%$ +* #* 7 #*, ('#'7/"$% /*+/*7',)*,* $*
(/'#1),%51$)4%'$*-$'&,,*%)*;"&,!','
/1:"&,!',' (/%-** &%&,"9% +* 1(/*!-"$%" $* )*;"&,!',' % '& 0"&,!3!*
(/'%+!'#&,!"$*,* &% #"2$'&, ! & ',!",&,!%" & $*2?!%&')%," &,*$#*/,% (/%-':%9% +*
(/'%+!'#&,!','$*.%#/*!-%;$%'/7%,*-$%9','/%&"/!'1(/*!-"$%3.%#/*!-%;$%&(%/*;)%
%*)&"&'*/%
%#/*!-%) (/%-** (/*!%-* +* )'$5%#"$4%*-$'&, % +*0%,* $* , /'!&)*,*
%$5'/9*4%3 % -%;$%," #*$$% & '-"# +*0%,* $* )-%"$,% 7%+$"& (*/,$…'/% % #/1%
+*%$,"/"&'!*$%-%4*
/1:"&,!',' (/"#'&,*!3 $* &!'%," (*/,$…'/% )'/"),$* % $*!/"9"$$* %$5'/9*4%3
',$'&$' '&$'!$%," 7%+$"& (/*!%-* (/'#1),%," 1&-1%," % ,".$'-'%%," % $*& /;*!*,
-'3-$%," /*7',$% % 7%+$"& (/*),%)% ! & ',!",&,!%" & (/%",%," (/*!%-* +* ",%;$' 7%+$"&
('!"#"$%"%#"2&,!*0*,*/"1-*4%3
%#/*!-%) %+%&)!* ', &!'%," )-%"$,% #* &(*+!*, '&$'!$% 9":#1$*/'#$'
(/%+$*,%*$,%)'/1(4%'$$%&,*$#*/,%%,*)%!*!'7-*&,,*$*)'/('/*,%!$*,*",%)*'(*+!*$"
$*')'-$*,* &/"#*+*0%,*(/*!*,* $*;'!")*&4"- 1&,*$'!3!*$" $*1&,'2;%!'(*/,$…'/&,!'
/1:"&,!',' '& 0"&,!3!*#"2$'&,,*&%&*9' &#'&,*!;%4%)'%,'%+( -$3!*, &'4%*-$%,"&%
','!'/$'&,% ! '7-*&,%,"S ;%&,% #'&,*!)% & ',!",&,!%" & $'/9*,%!$%," %+%&)!*$%3 %
&'4%*-$%," $'/9% %$5'/9*4%'$$* &%1/$'&, % +*;%,*$" $* (/*!*,* $* ;'!")* ,/1#* %
7"+'(*&$%,"%+#/*!'&-'!$%1&-'!%3$*,/1#
* "! (
'/('/*,%!$*,*('-%,%)*$*%#/*!-%)"('#;%$"$*$*(/%$4%(*+*+*;%,*$"
% &(*+!*$" $* (/*!*,* $* ;'!")* 7"+ $%)*)!% /*+-%;%3 '&$'!*$% $* ('- /*&* $*/'#$'&,
",$%;"&)* (/%$*#-":$'&, /*:#*$&,!' (/'%+.'# /"-%%3 17":#"$%3 ('-%,%;"&)*
(/%$*#-":$'&, -%;$' %-% '70"&,!"$' ('-':"$%" ! +/*&, &")&1*-$* '/%"$,*4%3 &"9"2$'
('-':"$%"%910"&,!"$''70"&,!"$'%-%#/1'('-':"$%"
6
1&,*$'!"$%," ,/1#'!'?(/*!$%',$'A"$%3&/*7',$%4%,"%&-1:%,"-%," #/1:"&,!','
'& 0"&,!3!* ('-%,%)%," &% )*,' (/%-** (/%$4%(%," $* &"'70*,* #")-*/*4%3$* +*
(/*!*,*$*;'!")*")-*/*4%3,*$*":#1$*/'#$*,*'/*$%+*4%3$*,/1#*IJ+*'&$'!$%,"
(/*!*%(/*!*$*/*7',$','93&,' )'!'#$%,"(/%$4%(%$*+*7%+$"&*%(/*!*,*$*
;'!")*(/%",%', !",*$*('(/*!*,*$*;'!")*(/"+N$%
$"%#/*!-%)&"#'(1&)*#%&)/%9%$*4%3$*/*7',$','93&,'!',$'A"$%3,*
& 7%+$"& )'$,/*"$,% t #'&,*!;%4% % )-%"$,% )*),' % ! ',$'A"$%3,* & !&%;)% /1(%
+*%$,"/"&'!*$%-%4*'&$'!*$%$*#%&)/%9%$*4%3(')*) !,'%#*"(/%+$*)
8 "!<< %
'/('/*,%!$*,*('-%,%)*$*%#/*!-%)"'&$'!*$*$*(/%$4%(*+*&(*+!*$"$*
!%&')%",%;$%&,*$#*/,%! !!&%;)%$*(/*!-"$%3$*#"2$'&,,*%('&-"#'!*,"-$'(/%-**$"$*
('-%,%)* $* (/'+/*;$'&, " &" #'(1&)*, % $" &" ,'-"/%/*, )*)!%,' % #* " 5'/9% $*
)'/1(4%'$$%#"2&,!%3!)-N;%,"-$'('#)1(
/1:"&,!','"(/%"-'%(/%-**'#")&+*",%;$'('!"#"$%")'2,'! !":#*('-%,%)*,*
$* "#$*)!' ',$'A"$%" ) 9 !&%;)% &-1:%,"-% *)4%'$"/% (',"$4%*-$% %$!"&,%,'/%
5%$*$&'!% *$*-%+*,'/% % #/1% +*%$,"/"&1!*$% -%4* $"+*!%&%9' ', ,3.$*,* $*/'#$'&,
(/'%+.'# ",$%;"&)* (/%$*#-":$'&, /"-%%3 ! +/*&, ('- &")&1*-$* '/%"$,*4%3 /*&*
'7/*+'!*$%" 17":#"$%3 &"9"2$' &-1:"7$' '70"&,!"$' ('-%,%;"&)' %-% 9*,"/%*-$'
('-':"$%"(*+!*2)%(/%",%3",%;"$)'#")&',!&%;)%&"('&,%*"5"),%!$','(/%-**$"$*
#'7/%," (/*),%)% +* )'/('/*,%!$' 1(/*!-"$%" )'",' #'(/%$*&3 +* ('&,%*$" $* 1&,'2;%!
/*&,":%# -'&/';$%,"4"-%$*/1:"&,!',')*),'%+*1&,*$'!3!*$"$*(/'+/*;$%%;"&,$%
!+*%9'',$'A"$%3&!&%;)%+*%$,"/"&'!*$%&,/*$%8/"#!%#,'!*/1:"&,!','%#"$,%5%4%/*
)'%&*+*%$,"/"&'!*$%,"-%4*&',$'A"$%") 9$"'!*,*#"2$'&,! +'&$'!*$*,3.$*,*&,"("$
% &5"/% $* !-%3$%" /'-3 % ',$'A"$%" ) 9 1&,'2;%!',' 91 /*+!%,%" $* )'%,' #%/"),$'
! +#"2&,!* % )'%,' ', &!'3 &,/*$* 9'*, #* ('!-%33, $* #"2$'&,,* 91 ! ,;
&'7&,!"$%4%B*)4%'$"/%'/*$%$*# /:*!$*,*!-*&,%9"&,$','&*9'1(/*!-"$%"#'&,*!;%4%
)-%"$,%&-1:%,"-%)/"#%,'/%'70"&,!"$%/1(%%#/1%
%#/*!-%) (/%-** &,/'* &;",'!'#$* ',;",$'&, )'3,' ('#-":% $* '#%A"$
! ,/"A"$ % ! $A"$ $"+*!%&%9 '#%,'/&)% )'$,/'- &%;)% ,/*$&*)4%% &" '4"$3!*,
(/"#!*/%,"-$'%('#-":*,$*'#'7/"$%"',)'/('/*,%!$','/ )'!'#&,!'%-%(/')1/%&,*$*
#/1:"&,!','
/1:"&,!','%9*8'-%,%)*+*&#"-)%& &+*%$,"/"&'!*$%%&! /+*$%-%4*8/'4"#1/*+*
%+73!*$" % /*+)/%!*$" $* )'$5-%),% $* %$,"/"&% % 8'-%,%)* +* (/"#'&,*!3$" %
/*+(/'&,/*$3!*$"$*%$5'/9*4%3&%;)%(/'4"&%%(/'4"#1/%&"(/'!":#*,('$*;%$)'2,'
%+)-N;!*!&3)*)!%5'/9%$*)'/1(4%3!#/1:"&,!','*
8/"+ $" &* 1&,*$'!"$% '/*$%;"$%3 $* ('&';"$%," ('?'/" (/*!* &! /+*$% &
/"A"$%3%#"2&,!%3$*
%#/*!-%)
,/1),1/*,*$*1(/*!-"$%""'(/"#"-"$*!1&,*!*$*#/1:"&,!','+7'/ ,$*;-"$'!","
$*& !",*$*#%/"),'/%,""(/*!'$**)4%'$"/%,"
I 1%!
?!
/1:"&,!',' &(*+!* (' 4"-"& '7/*+$'&, )'#")&* +* )'/('/*,%!$' 1(/*!-"$%" '#'7/"$
', +*9"&,$%)?(/"#&"#*,"-3 $* < "2$'&,,* &" '& 0"&,!3!* (/% &(*+!*$" '&$'!$%,"
(/%$4%(% (/%'/%,",% +* +*0%,* (/*!*,* $* *)4%'$"/%,"‡ '7"+(";*!*$" $* /*!$'('&,*!"$'
=
',$'A"$%" ) 9 !&")% *)4%'$"/‡ & '7/*+3!*$" & -%4*,* +*%$,"/"&'!*$% ', 1(/*!-"$%",' %
1&,'2;%!',' /*+!%,%" $* #/1:"&,!','‡ '&%1/3!*$" $* &!'"!/"9"$$' % ,';$' /*+)/%!*$" $*
%+%&)1"9*,* (' +*)'$ %$5'/9*4%3 ',$'&$' !*:$% *&("),% $* 5%$*$&'!',' & &,'3$%"
/"+1-,*,%,"',#"2$'&,,*&'7&,!"$'&,,*%1(/*!-"$%",'$*#/1:"&,!','‡)'$,/'-%',;",$'&,
',$'&$'#"2$'&,,*$*& !",*$*#%/"),'/%,"
73&$"$%"',&,/*$*$*"9%,"$,*)'%;*&,%$*)'#")&*+*)'/('/*,%!$'1(/*!-"$%"(',
71)!*s*s%-%71)!*s7s$"&(*+!*%)*)!%&*'&$'!*$%3,*+*,'!*& ',!",$')'*,'"9%,"$, ,
" /"A%-#* $" &" ('+'!*!* $* $%)'"', (/*!%-*,* $* )'#")&*+*)'/('/*,%!$'1(/*!-"$%" t
'&$'!*$%3+*,'!*
&$'!$*$*&')*(/%(/%-**$",'$*)'#")&*"('!%A*!*$"$*#'!"/%",'$**)4%'$"/%,"
%$!"&,%,'/%,"%+*%$,"/"&'!*$%,"',1(/*!-"$%",'%#"2$'&,,*$*#/1:"&,!','-%4*(/"+
'#%$*(/'# -:%/"#'!$','/*+)/%!*$"$*,")10*%$5'/9*4%3',$'&$'5%$*$&'!','%
%)'$'9%;"&)',' & &,'3$%" $* )'9(*$%3,* % !*:$% )'/('/*,%!$% & 7%,%3 )*),' % ,3.$','
('(1-3/%+%/*$"
-*!*( /!*
'/('/*,%!$%/ )'!'#&,!*
/1:"&,!',' %9* "#$'&,"("$$* &%&,"9* $* 1(/*!-"$%" !", , $* #%/"),'/%," "
1(/*!%,"-"$ '/*$)'2,''& 0"&,!3!* (-*$%/*$",' %)''/#%$*4%3,* $* 43-'&,$*,* #"2$'&,
$* #/1:"&,!',' ';"/,*$* ! $"'!%3 (/"#9", )*,' %+! /A!* !&%;)% (/"#!%#"$% ! +*)'$* %
1&,*!* #"2&,!%3 (' '/*$%+*4%3 / )'!'#&,!' % )'$,/'- :"'#$' !", , $* #%/"),'/%,"
%+',!3#')-*#+*#"2$'&,,*$*#/1:"&,!','/*$%+*4%3,*$*/*7',*,*91)*),'%$"'!%,"
+*# -:"$%3','!'/$'&,%%(/*!'9'0%3&*/"-*9"$,%/*$%%)'$)/",%+%/*$%&(/*!%-$%)+*
/*7',*,*$* !",*$*#%/"),'/%,"
!", , $* #%/"),'/%," $*&';!* % )'$,/'-%/* $"+*!%&%9' % ','!'/$' #"2$'&,,* $*
#/1:"&,!',' & '7/*+$'1&,*$'!"$%," !%+%34"-%&,/*,"%%$*#/1:"&,!','%%$,"/"&%,"$*
*)4%'$"/%," <1$)4%%," % +*# -:"$%3,* !",* $* #%/"),'/%," &" '& 0"&,!3!*, !
& ',!",&,!%" & $'/9*,%!$%," %+%&)!*$%3 p&,*!* $* #/1:"&,!',' % #'7/%," )'/('/*,%!$%
(/*),%)%+*-':"$%!'#")&*
!", , $* #%/"),'/%," #*!* $*&')% '#'7/3!* % )'$,/'-%/* %+( -$"$%",' $* 7%+$"&
(-*$*$*#/1:"&,!','&#"-)%,"',& 0"&,!"$.*/*),"/)*),'%#/1%#"2$'&,%1&,*$'!"$%!
1&,/'2&,!"$%,"91*),'!"Š-"$'!","$* !",*$*#%/"),'/%,"&"/ )'!'#3,!&!'3,*#"2$'&,
','70'(/%",%,"(/%$4%(%+*(';,"$'&,1(/*!-"$&)*% (/'5"&%'$*-$*)'9(","$,$'&,%!
& ',!",&,!%"&,%;$%3)'#")&$*#/1:"&,!','
!", , $* #%/"),'/%," " '&%1/%- % )'$,/'-%/* %$,"/%/*$',' 51$)4%'$%/*$" $*
&%&,"9%," +* &;",'!'#&,!' % 5%$*$&'!* ',;",$'&, /1:"&,!',' %9* /*+/*7',"$* %
51$)4%'$%/*0* &%&,"9* +* 1(/*!-"$%" $* /%&)* % ! ,/"A"$ '#%, )*),' % 5%$*$&'!'?
%$5'/9*4%'$$*&%&,"9*
&,*! , $* %+7/*$%3 ', 70',' & 7/*$%" !", $* #%/"),'/%," */*$,%/*
$"+*!%&%9'&,,* % 7"+(/%&,/*&,$'&,,* $* '4"$)%," % #"2&,!%3,* $* $"'!%," ;-"$'!" ('
',$'A"$%"51$)4%'$%/*$",'$*#/1:"&,!','
Š-"$'!"," $* !",* $* #%/"),'/%," %9*, ('#.'#30% +$*$%3 % '(%, )'%,' %+%&)!*
+*"9*$*,* ', ,3. ('+%4%3 $5'/9*4%3 +* (/'5"&%'$*-$*,* )!*-%5%)*4%3 % '(%, &"
'('!"&,3!*!(%&9"$%,"9*,"/%*-%) 9(')*$*,*+*'70','& 7/*$%"$**)4%'$"/%,"$*)'",'
& ',!",$%,";-"$'!"$*&*%+7/*$%
C
-"#%+7'/$*$'!%;-"$'!"$*&"+*('+$*!*,&'&$'!$%,"(/*!$%%5%$*$&'!%! (/'&%
&! /+*$% & #"2$'&,,* $* #/1:"&,!',' 8'!%A*!*$",' $* )!*-%5%)*4%3,* $* ;-"$'!"," $*
!",*$*#%/"),'/%,"","."$('&,'3$"$*$*:%9"$,
Š-"$'!","$* !",*$*#%/"),'/%,"/*+('-**,&$"'7.'#%9','!/"9"+*%+( -$"$%"$*
,".$%,"+*#*;%%+*# -:"$%3! (/")%;"1&,/'2&,!"$%,"*),'!"$*#/1:"&,!','$"'(/"#"-3,
7/'3$*#/1:"&,!*,*!)'%,';-"$'!","$* !",*$*#%/"),'/%,"9'*,#*+*"9*,/ )'!'#$%
('+%4%%'!*'7&,'3,"-&,!'&"& 7-N#*!*(/%(/"#-':"$%3,*%%+7'/*$*$'!%;-"$'!"$*
!",*$*#%/"),'/%,"
+7'/ , $* ;-"$'!"," $* !",* $* #%/"),'/%," $* #/1:"&,!',' &,*!* ('&/"#&,!'9
(/'+/*;$* (/'4"#1/* )'3,' '&%1/3!* $*!/"9"$$* % #'&,*, ;$* %$5'/9*4%3 ',$'&$'
-%;$%,"%(/'5"&%'$*-$%,")*;"&,!*$*)*$#%#*,%,"+*;-"$'!"
!", , $* #%/"),'/%," &" ',;%,* +* &!'3,* #"2$'&, (/"# 70',' & 7/*$%" $*
*)4%'$"/%," )*,' (/"#&,*!3 +* (/%"9*$" ', *)4%'$"/%," '#%A$%3 #')-*# +* #"2$'&,,*
#')-*#* ',$'&$' %+( -$"$%" $* ('-%,%)*,* +* ! +$*/*:#"$%3,* )*),' % !&%;)% #/1%
(/%-':"$%3%#')19"$,%%+%&)1"9%& -*&$'#"2&,!*0','+*)'$'#*,"-&,!'
+$*/*:#"$%3,* $* ;-"$'!"," $* !",* $* #%/"),'/%," % %$5'/9*4%3 ',$'&$'
,".$%3/*+9"/&"'('!"&,3!*":"'#$'!#')-*#*$*+*#"2$'&,,*(/"+& ',!",$*,*',;",$*
'#%$* /1:"&,!',' %+',!3 % #')-*# ',$'&$' %+( -$"$%" $* 8'-%,%)*,* +*
! +$*/*:#"$%3,* )*,' ;*&, ', '#%A$%3 5%$*$&'! ',;", +* #"2$'&,,* % ' (/"#&,*!3 +*
'#'7/"$%"',70','& 7/*$%"$**)4%'$"/%,"
!", ,$*#%/"),'/%,""(/%"-(/'4"#1/%+*%+73!*$"%/*+)/%!*$"$*)'$5-%),%$*
%$,"/"&% " +*# -:*!*, ;-"$'!"," #* %+73!*, % #* $" #'(1&)*, /"*-"$ %-% (',"$4%*-"$
)'$5-%),$*%$,"/"&%)*),'%$"+*7*!$'#*/*+)/%!*,)'$5-%),%$*%$,"/"&%%#*'&%1/3!*,
$**)4%'$"/%,"#'&, (#'%$5'/9*4%3+*&#"-)%9":#1,3.%#/1:"&,!','%-%&! /+*$%&$"'
-%4*&")%(',"$4%*-"$)'$5-%),$*%$,"/"&%!#/1:"&,!','&-"#!*#*&"/*+)/%!*$* !",*
$*#%/"),'/%,"/1:"&,!','$"#'(1&)*&#"-)%9":#1#/1:"&,!','%;-"$'!","$*& !",*$*
#%/"),'/%,"%&! /+*$%&,3.-%4*
-*!*!,'/*
#%,%! ,/"A"$)'$,/'-
&%;)% 5%$*$&'!% ',;",% $* (/"#(/%3,%",' &" %+',!3, & -*&$' * '#%A$%3,
'#%, &" %+! /A!* ', $"+*!%&%9 '#%,'/ & '-"# '&%1/3!*$" $* 7"+(/%&,/*&,$* % '7"),%!$*
(/"4"$)*+*$*;%$*(')'2,'&*%+',!"$%%(/"#&,*!"$%,"+%',;",%8/%-**&"/',*4%'$"$
(/%$4%( (/% %+7'/* $* ! $A"$'#%,'/ ,;",%," &" (/%#/1:*!*, ',('#/'7$% #')-*#% +*
#"2$'&,,*
, @ '#%$* 51$)4%'$%/* '#%,"$ )'9%,", %+7%/*$ ', *)4%'$"/%," 70','
& 7/*$%"$**)4%'$"/%,"(/%"8'-%,%)*+*! +$*/*:#"$%3,*$*;-"$'!","$*)'3,'%9*
+*4"-#*('#)/"(%# -'&/';$%,"7%+$"&4"-%$*)'9(*$%3,*%#*$*& /;*!*('!"#"$%")'",'
('#)/"(3& +#*!*$",'$*&,'2$'&,+**)4%'$"/%,")*,'!& 0','!/"9"'&%1/3!*)'$)1/"$,$'
! +$*/*:#"$%")'",'"#'&,*, ;$'#*(/%!-";"%+*# /:%#%/"),'/%&)*;"&,!*$"'7.'#%9%
+*1&("A$'1(/*!-"$%"%/*+!%,%"$*#/1:"&,!','
#%,$%3, )'9%,", %+! /A!* (/"-"#% $* (/'4"&%," (' 5%$*$&'!' ',;%,*$" !
(/"#(/%3,%",'&%&,"9%,"+*! ,/"A"$)'$,/'-%+*1(/*!-"$%"$*/%&)'!","%'& 0"&,!3!*
51$)4%%,"%+*# -:"$%3,*&%!& ',!",&,!%"&$'/9*,%!$%,"%+%&)!*$%3%#'7/%,"(/*),%)%
$*)'/('/*,%!$'1(/*!-"$%"+*-':"$%!'#")&*
#%,$%3, )'9%,", '&%1/3!* $*#+'/ $* #"2$'&,%," (' ! ,/"A"$ '#%, % &-"#% +*
43-'&,$%,"!+*%9'',$'A"$%3&! $A$%3'#%,'/!)-N;%,"-$''#'7/3!*$"&! /+*$%&'#%,*
1&-1%(/"#'&,*!3$%','#%,'/*$*#/1:"&,!','
-*!*,/",*
*0%,*(/*!*,*$**)4%'$"/%,"
D
)'!'#&,!',' $* #/1:"&,!',' */*$,%/* /*!$'('&,*!"$',' ,/",%/*$" $* !&%;)%
*)4%'$"/% $* )'9(*$%3,* !)-N;%,"-$' 9%$'/%,*/$% % ;1:#"&,/*$$% % +*0%,*!* ,".$%,"
(/*!*
*&"#*$%3,*$*'70'& 7/*$%"$**)4%'$"/%,"$*#/1:"&,!','&"&!%)!*,%(/'!":#*,!
& ',!",&,!%"&$'/9*,%!$%,"%+%&)!*$%3%p&,*!*$*%#/*!-%)
!", ,$*#%/"),'/%,"$*#/1:"&,!',''&%1/3!*%$5'/9%/*$'&,$*!&%;)%*)4%'$"/%
',$'&$' ,".$%," (/*!* ;/"+ (17-%)1!*$*,* $* "-"),/'$$*,* &,/*$%4* $* #/1:"&,!','
%$5'/9*4%3'('!"&,"$%31&,*!$*#/1:"&,!','%(')*$*,*+*!&3)')'$)/",$''70'& 7/*$%"
$**)4%'$"/%,"
!%)!*$",' $* /"#'!$',' '#%A$' '70' & 7/*$%" $* *)4%'$"/%," &" %+! /A!* !
& ',!",&,!%" % & 1&,*$'!"$%," (/*!%-* +* #*!*$" $* (17-%;$'&, $* (')*$*,* #$"!$%3 /"# %
)'$)/",$%,"(/"#-':"$%3+*/"A"$%3&%;)%(%&9"$%9*,"/%*-%(',';)%,"',#$"!$%3/"#
&"(/"#'&,*!3,$*/*+('-':"$%"$**)4%'$"/%,"!'(/"#"-"$%;*&'!"$**#/"&*$*1(/*!-"$%"
%%$,"/$",&,/*$%4*,*")&,'!","!(%&9"$%,"9*,"/%*-%&! /+*$%&#$"!$%3/"#$*'70','
& 7/*$%"&*)'$)/",$%%3&$%%$"! !":#*,!+*7-1:#"$%"*)4%'$"/%,"&%;)%(/"#-':"$%3
',$'&$''&$'!$%)'/('/*,%!$%& 7%,%3&"(/"#&,*!3,)*,' ',#"-$%,';)%! #$"!$%3/"#$*
70','& 7/*$%"!,;(/"#-':"$%",'+*/*+(/"#"-3$"$*(";*-7*
/1:"&,!',' " (/%"-' (/*!%-* +* -*&1!*$" $* '70' & 7/*$%" $* *)4%'$"/%," ;/"+
( -$'9'0$%) * %$,"/$", &,/*$%4*,* &" (17-%)1!* '7/*+"4 $* ( -$'9'0$' +* 1;*&,%" !
'70','& 7/*$%"$**)4%'$"/%,"
8')*$*,*+*'70','& 7/*$%"$**)4%'$"/%,"& # /:*%+%&)1"9*,*& -*&$' /'!&)%3
+*)'$ % 88> %$5'/9*4%3 )*),' % #'( -$%,"-$* %$5'/9*4%3 ',$'&$' 1(/*:$3!*$"
(/*!','$*-*&%! +9':$'&,,*#*7 #*,#'7*!3$%$'!%,';)%!#$"!$%3/"#('/"#*$*;-
*',
8')*$*,* % 9*,"/%*-%," +* '70',' & 7/*$%" $* *)4%'$"/%," $* #/1:"&,!',' &"
'('!"&,3!* ;/"+ 9"#%3,* i`TR #' '70"&,!"$'&,,* '9%&%3,* +* 5%$*$&'! $*#+'/ %
/"1-%/*$%3 (*+*/ $* 4"$$% )$%:* -*&$' $'/9*,%!$%," %+%&)!*$%3 #/1:"&,!','
'('!"&,3!*1!"#'9-"$%"+*(/'!":#*$"$*'70'& 7/*$%"$**)4%'$"/%,"%+*%+(-*0*$"$*
#%!%#"$,(/%& ',!",$'(/%",'/"A"$%"',%;/"+&%&,"9*,*$*>"$,/*-"$#"('+%,*/
+*'('!"&,3!*$"$*1!"#'9-"$%3+*)'/('/*,%!$%#"2&,!%3-"#(/"#&,*!3$"$*(')*$*,*%
9*,"/%*-%," +* '70',' & 7/*$%" $* *)4%'$"/%," & 0%," &* #'&, ($% % $* "-"),/'$$*,*
&,/*$%4*$*#/1:"&,!','
)4%'$"/%," & (/*!' $* -*& %9*, ! +9':$'&, #* 1(/*:$3!*, (/*!',' &% $* -*& !
70','& 7/*$%"$*#/1:"&,!','-%;$'%-%;/"+(/"#&,*!%,"-%*,';*&,',9*,"/%*-%,"+*
'70','& 7/*$%"$**)4%'$"/%," !", ,$*#%/"),'/%,"(/"#&,*!3'7/*+"4$*( -$'9'0$'
%8/*!%-*+*-*&1!*$";/"+( -$'9'0$%)
-*!*;",! /,*
*+)/%!*$"$*5%$*$&'!*%$"5%$*$&'!*%$5'/9*4%3
* ('!%A*!*$" $%!',' $* %$5'/9%/*$'&, % +*%$,"/"&'!*$'&, $* *)4%'$"/%," %
$*& /;*!*$"$**),%!$'&,,*%1;*&,%",'%9!1(/*!-"$%",'$*#/1:"&,!','%(/"+'#%$*
(/'# -:%('## /:*$",'$*&("4%*-"$/*+#"-$*%$,"/$",&,/*$%4*,*$*%#/*!-%)
/"#'!$' ('## /:*$%3 &("4%*-"$ /*+#"- $* %$,"/$", &,/*$%4*,* $* #/1:"&,!',' &"
'('!"&,*!3 ,")10* %$5'/9*4%3 ',$'&$' #"2$'&,,* $* #/1:"&,!',' % !*:$% )'/('/*,%!$%
& 7%,%3*"-"),/'$$*,*&,/*$%4*&*(17-%)1!*$%)''/#%$*,%,"$*#/1:"&,!',')*),'%,"+%
$* #%/"),'/* +* !/ +)* & %$!"&,%,'/%," ;/"+ )'",' *)4%'$"/% % +*%$,"/"&'!*$% -%4* &"
$*& /;*!*,#*, /&3,$"'7.'#%9*,*%9%$5'/9*4%3
"&*)'$&,*,%/*$%$*/1A"$%3$*/*+('/"#7%,"%&/')'!","+*'('!"&,3!*$",;",%,"
&&"(17-%)1!*,$*"-"),/'$$*,*&,/*$%4*$*#/1:"&,!','t$"('&/"#&,!"$'&-"#%+(/*0*$",'
%9 $* < r<r % $* '70"&,!"$'&,,* )'",' #*!* ! +9':$'&, +* )'$,/'- ', *)4%'$"/%,"
%$!"&,%,'/%," % !&%;)% +*%$,"/"&1!*$% -%4*/1* 5'/9*$* )'$,/'- ',$'&$' (/'4"&* $*
H
/*+)/%!*$" $* %$5'/9*4%3 &" '& 0"&,!3!* ', ;-"$'!"," $* !",* $* #%/"),'/%," &(/39'
#%/"),'/*+*!/ +)%&%$!"&,%,'/%,"
!'"!/"9"$$'&"(/"#&,*!3.*',;",%%,")10*%$5'/9*4%3#''9%&%3,*+*5%$*$&'!
$*#+'/ % '70"&,!"$'&,,* * '&%1/3!*$" #'&,%*$",' $* '('!"&,3!*$*,* %$5'/9*4%3 #'
! +9':$' $*2?A%/') )/ -%4* "#$'!/"9"$$' % (' $*;%$ )'2,' #* $" % #%&)/%9%$%/*
%9*9"#''!'/+*%$5'/9*4%'$$%1&-1%&%$,"/$",9"#%3,*KaPX\i`TR
,/"A$*,*%$5'/9*4%3&"'('!"&,3!*!+*)'$'1&,*$'!"$%,"5'/9%/"#%&/')'!";/"+
%+7/*$*,* 9"#%3 $5'/9*4%3 ! $")'/%%/*$ !%# % ! & 0%3 '7"9 &" (17-%)1!* % $*
"-"),/'$$*,*&,/*$%4*$*#/1:"&,!','
/1:"&,!','":"'#$'(/"#&,*!3&*9'&,'3,"-$*$"5%$*$&'!*#")-*/*4%3)'3,'";*&,',
'#%A$%3 #')-*# +* #"2$'&,,* ! )'3,' '('!"&,3!* & 0"&,!"$*,* %$5'/9*4%3 ',$'&$'
(*/*9",/%,"$*$"5%$*$&'!'',;%,*$"& -*&$'%+%&)!*$%3,*$*',$'&%9*,*/"1-*4%3
'/('/*,%!$',' / )'!'#&,!' $* #/1:"&,!',' &;%,* ;" &%&,"9*,* +* /*+)/%!*$" $*
%$5'/9*4%3+*#/1:"&,!',''&%1/3!* ( -$*$*!/"9"$$* !3/$* %/*+7%/*"9* %$5'/9*4%3
)'3,'#*!*! +9':$'&,+*'7"),%!$%%%$5'/9%/*$%/"A"$%3%'4"$)%
-*!*(",*
*%$,"/"&'!*$%-%4*p&,'2;%!'/*+!%,%"
'/('/*,%!$',' / )'!'#&,!' '&%1/3!* "5"),%!$' !+*%9'#"2&,!%" & &
+*%$,"/"&'!*$%," -%4* 9 ,*+% )*,"'/%3 &" ',$*&3, '(/"#"-"$% /1(% -%4* $* )'%,'
#/1:"&,!','#%/"),$'! +#"2&,!*%)'%,'',&!'3&,/*$*9'*,#*('!-%33,$*#"2$'&,,*91
&!'3,* ('-%,%)* &(/39' +*%$,"/"&'!*$%," -%4* /1:"&,!',' &" & '7/*+3!* & &
+*)'$'!%," %+%&)!*$%3 % (/%$4%(%," $* (/'+/*;$'&, ',;",$'&, % 7%+$"& ",%)* *
+*%$,"/"&'!*$%,"-%4*&"(/"#'&,*!3$"'7.'#%9*,*%$5'/9*4%3+*#"2$'&,,*$*#/1:"&,!','
*),1*-$%#*$$%+*5%$*$&'!','& &,'3$%"%!&%;)')'",'7%&('9'$*-'+*(/*!%-$*,*%9
'/%"$,*4%3%!+"9*$"$*%$5'/9%/*$'%'7'&$'!*$'/"A"$%"
p;*&,!*9" ! /*+-%;$% 5'/9% $* !+*%9$' & ,/1#$%;"&,!' & # /:*!$% %$&,%,14%% %
$"(/*!%,"-&,!"$% '/*$%+*4%% %9*0% ',$'A"$%" ) 9 )'/('/*,%!$',' 1(/*!-"$%" !
&,/*$*,* 8/"+ ',;",$*,* '#%$* +* ('/"#"$ ( , ',;%,*9" ('-+* ', & ,/1#$%;"&,!',' %
;-"$&,!','&%!&'4%*4%3,*$*%$#1&,/%*-$%3)*(%,*-!r -*/%3p;*&,!*.9"!&"9%$*/%
'/*$%+%/*$% ', &'4%*4%3,* $* %$#1&,/%*-$%3 )*(%,*- ! r -*/%3 % &'4%*4%3,* $*
#%/"),'/%,"+*!/ +)%&%$!"&,%,'/%,"!r -*/%3
!", ,$*#%/"),'/%,"":"'#$'/*+/*7',!*%1,! /:#*!*7%+$"&(-*$$*#/1:"&,!','
! )'2,' &" (/"#!%:#*, )'$)/",$%," #"2&,!%3 % ('-%,%)% ',$'&$' 1&,'2;%!',' /*+!%,%" $*
)'9(*$%3,*%$!"&,%4%'$$*,*(/'/*9*":"'#$'&"+*-**,%/"*-%+%/*,(/'"),%$*&';"$%
) 9")'-''& '7/*+$','%)'$'9%;"&)'/*+!%,%"$*)'9(*$%3,*)*),'%&'4%*-$%(/'"),%
)'!'#&,!',' $* #/1:"&,!',' " (/%"-' % ":"'#$' *),1*-%+%/* &!'3 &'7&,!"$*
8/'/*9* +* (/%-**$" $* 9":#1$*/'#$' (/%+$*,%," &,*$#*/,% +* #'7/' )'/('/*,%!$'
1(/*!-"$%"
/1:"&,!',' /*+)/%!* %$5'/9*4%3 ',$'&$' ,")10',' 5%$*$&'!' % %)'$'9%;"&)'
& &,'3$%"$*(/"#(/%3,%",')*),'%',$'&$'43-'&,$*,*91#"2$'&,!)-N;%,"-$'/*7',*,*
$* !",* $* #%/"),'/%," )'",' " '7"),%!$* (/"#('&,*!)* +* ('!%A*!*$" #'!"/%",' $*
*)4%'$"/%,"%+*%$,"/"&'!*$%,"-%4*!1(/*!-"$%",'$*#/1:"&,!','
8/"+ '#%$*,*(/'# -:% (/%-**$",' ('4"-"& '7/*+$'&,$*)'#")&*+*)'/('/*,%!$'
1(/*!-"$%"'#'7/"$',+*9"&,$%)?(/"#&"#*,"-3$*<
8/'# -:"$* " (/*),%)*,* $* *),1*-%+%/*$" $* ! ,/"A$%," *),'!" $* #/1:"&,!',' !
& ',!",&,!%"&(/'9"$%,"!$'/9*,%!$*,*1/"#7*"2$'&,,*$*)'9(*$%3,*"!& ',!",&,!%"&
('&-"#$*,**),1*-%+*4%3$*)'#")&*+*)'/('/*,%!$'1(/*!-"$%"',9"&"4N-%'#%$*
@
8/"-"# ,$*)'#")&*+*)'/('/*,%!$'1(/*!-"$%"',$'&$'(/%-**$",'$*+*-':"$%3!
$"'(/%$4%(o&(*+!*2%-%'73&$3!*2!'#%#'+*)-N;"$%",';"#/1:"&,!','&(*+!*)'#")&*
)*,'43-'3)'%,")&,'!"&*$"(/%-':%9%+*#/1:"&,!','
8/%-**$",' $*)'#")&* " ','!'/$'&,$*)'/('/*,%!$','/ )'!'#&,!','+%&9%& -
'(/"#"-"$% ,")&,'!" ! )'#")&* )*,' 7/'2 #/1:"&,!* ! )'%,' ;-"$'!"," $* !",* $*
#%/"),'/%,"9'*,#*+*"9*,/ )'!'#$%('+%4%%%-%'/*$%;*!*$"7/'3$*('&-"#'!*,"-$%,"
9*$#*,% $* $"+*!%&%9%," #%/"),'/% &* $"(/%-':%9% #')'-)',' %+7'/ , $* ;-"$'!"," $*
& !",*$*#%/"),'/%,""(/*!'%(/"/'*,%!$**)4%'$"/%,"
/1:"&,!','('## /:*%*$-'"+%;$*!"/&%3$*)'/('/*,%!$*,*%$,"/$",&,/*$%4*$'
$*,'+%",*('73!"$*,*/"1-%/*$*%$5'/9*4%3"&*9'$*7 -*/&)%"+%)
)'!'#&,!',' $* #/1:"&,!',' (/"#(/%"9* #"2&,!%3 +* $*& /;*!*$" 1;*&,%",' $*
*)4%'$"/%!'70','& 7/*$%"
':"#*&"'7'70%9;"#"2$'&,,*$* !",*$*#%/"),'/%,"(/"+'#%$*"7%-*!
& ',!",&,!%"&1,! /#"$*,*(/'/*9*%)'#")&*
*
=
&$'!$* $*&')* (/% %+( -$"$%" $* 8/'/*9*,* 7" ('&,%*$" $* 4"-%," ;/"+S
('## /:*$" $* %&,"9*,* +* 1(/*!-"$%" $* )*;"&,!',' % '&,*$*-%," ! ,/"A$% *),'!" $*
#/1:"&,!',' ! & ',!",&,!%" & #"2&,!*0* $'/9*,%!$* 1/"#7* <%$*$&'!%," ',;",% $*
/1:"&,!','&"%+',!3,& -*&$'*'#%A$%3,5%$*$&'!',;",&"'#%,%/*',$"+*!%&%9
'#%,'/ & '-"# '&%1/3!*$" $* 7"+(/%&,/*&,$* % '7"),%!$* (/"4"$)* +* $*;%$* (' )'2,' "
%+',!"$%(/"#&,*!"$,@'#%$*#/1:"&,!','%9*%'#%,"$)'9%,",
8 /&% (1*N8N-
/1:"&,!',' $39* +$*;%9% (/")% %-% )'&!"$% *)4%'$"/$% 1;*&,%3 I!)-N;%,"-$'
)'&!"$%*)4%'$"/$%1;*&,%3;/"+(%/*9%#*-$%&,/1),1/%%)/ &,'&*$%*)4%'$"/$%1;*&,%3J
('&9%& -*$*;-"$H=',%/"),%!*B6B
39*(/%,":*,"-%$*4"$$%)$%:*& &&("4%*-$%(/*!*$*)'$,/'-
"& 0"&,!1!*,'/*$%;"$%3! /.1(/*!*,*$*-*&
8/*!%-*,* & )'%,' &" /"1-%/* $*+$*;*!*$",' %-% &93$*,* $* ;-"$'!" $* & !",* %
!$*&3$",'$*%+9"$"$%3!1;/"#%,"-$%3#''!'/&*('&';"$%!1&,*!*$*#/1:"&,!','%$"&"
/"1-%/*,',)'/('/*,%!$','/ )'!'#&,!'
-*&$' 1&,*!* $*#/1:"&,!','(/*!'#*%+7%/*% '&!'7':#*!* ;-"$'!"$* !",* $*
#%/"),'/%," $* #/1:"&,!',' %9* &*9' 70',' & 7/*$%" $* *)4%'$"/%," % /"A"$%3,* &"
!+"9*,&9$'+%$&,!'D@q',*)4%%,"$*#/1:"&,!','
"A"$%"+*'7/*,$'%+)1(1!*$"%"9%,%/*$"$**)4%%&"!+"9*',*)4%'$"/%,"('/"#*
$* +*)'$* p&,*! , " (/"#!%#%- % (/*!'9'0%3 $* !",* $* #%/"),'/%," +* "9%,%/*$" $*
*)4%%
8/*!'9'0%3,*$* !",*$*#%/"),'/%,"&*('#/'7$'/"-*9"$,%/*$%!;-6*-',
p&,*!* $* #/1:"&,!',' !", , $* #%/"),'/%," 7"+ #* 7 #" %+/%;$' '!-*&,"$ +* ,'!* ',
70','& 7/*$%"$"9':"#*%+! /A!*&#"-)%,"('&';"$%!;-6',88>
#"-)%,"$*#/1:"&,!','&1;*&,%",'$*+*%$,"/"&1!*$%-%4*%+! $('&';"$%,"('?'/"
('#-":*,$*(/"#!*/%,"-$''#'7/"$%"', !",*$*#%/"),'/%,"
)
<!
/1:"&,!',' $" (/%-** ('-%,%)* $* 9$'''7/*+%" (' ',$'A"$%" $* 1(/*!%,"-$%3
'/*$ ! ! !/ +)* & *&("),% )*,' ! +/*&, ('- %-% '7/*+'!*$%" % (/'5"&%'$*-"$ '(%,
,/1),1/*,*$*1(/*!-"$%""'(/"#"-"$*!1&,*!*$*#/1:"&,!',' !", ,$*#%/"),'/%,"&"
& &,'%',C-%4*+7'/ ,$*;-"$'!","$*& !",*$*#%/"),'/%,""(/*!'$**)4%'$"/%,"
7
/&%!(
9"%51$)4%%$*;-"$'!","$* !",*$*#%/"),'/%,"S
%9%, /r''9%-'! *$'!&)%t *98/"#&"#*,"-!*$"-;"!"-;"!t;-"$$*
o"-"! $!"&, (/"#&,*!-3!*$' ', *&%- "'/%"! "-"! t +( -$%,"-"$ #%/"),'/
o'&,/* %$:"$"/%$ (/"#&,*!-3!*$' ', !"$%2 *&%-"! p+1$'! t 8/"#&"#*,"- $*
,*/* 8-*$%$* '-# t (/"#&,*!-3!*$' ', (*& r'/%&'! %#"! t ;-"$ $* %
o*$(/"#&,*!-3!*$',%-)'$"-'!$"-'!t+( -$%,"-"$#%/"),'/
8/')1/%&,$*#/1:"&,!','"-*#%9%/*-"$,%$'!(*&'! /'!&)%( -$'9'0$%)"
*/%$8",/'!*/%$'!
'( (
" (G
%9%, /r''9%-'!*$'!&)%t;-"$$*%%+( -$%,"-"$#%/"),'/$*o$#1&,/%*-"$
)*(%,*-.'-#%$1(/*!%,"-$*o8/'5%?%1(/*!%,"-$*or*-)*/&'$&'/4%19
;-"$$*%%+( -$%,"-"$#%/"),'/$*o@D
!*$ "-;"! t ;-"$ $* $* o @D ;-"$ $* % (/"#&"#*,"- $* $*
o$#1&,/%*-"$ )*(%,*- .'-#%$ 1(/*!%,"- $* o"$%#" 1(/*!%,"- $* or*-)*/&
'$&'/4%191(/*!%,"-$*17")&?/'5%3
o"-"! $!"&, ? ;-"$ $* !",* $* #%/"),'/%," $* o%#/*!-%;$% "-"9"$,% %
&%&,"9%t‹97'-‡
o'&,/* %$:"$"/%$ t $" 1;*&,!* ! 1(/*!-"$%",' $* #/1% #/1:"&,!* %-%
)''("/*4%%)*,'(/')1/%&,1(/*!%,"-%-%;-"$$*& !",
o*$?p;*&,!*!1(/*!%,"-$%,"'/*$%$*&-"#$%,"#/1:"&,!*Ss%-'9*s/
%-%&,/* s9)*s / "!-%"!' ss / r"/)'!%4* s7/*+%! )'9"/&s /
r"/)'!%4*
o,*/* (-*$%$* .'-# " ;-"$ $* !",* $* #%/"),'/%," $* or -*/&)* /'+*
o<*+*$%o8$!"&,
8/"+',;",$*,*'#%$*;-"$'!","$* !",*$*#%/"),'/%,"%-%&! /+*$%&,3.-%4*$"
&* &)-N;!*-% & #/1:"&,!',' #''!'/% )'%,' %+-%+*, %+! $ '7%;*2$*,* 91 #"2$'&, %-%
& 0"&,!"$'&"',)-'$3!*,',(*+*/$%,"1&-'!%3
'( (
(" (8
G
%9%, / r''9%-'! *$'!&)% (/%,":*!* ('!";" ', =q ', )*(%,*-* $* o8/'5%Œ ••
t/'5%3%s8/'5%"&,"2,s?/'5%3
!*$ "-;"! "-;"! (/%,":*!* ('!";" ', =q ', )*(%,*-* $* o"$%#" t
/'5%3
o"-"!$!"&,(/%,":*!*('!";"',=q',)*(%,*-*$*or%)'-#'5%3
%<','!'-,*%;$%&%&,"9%r
o*$ (/%,":*!* ('!";" ', =q ', )*(%,*-* $* o*!%# '7 /,& % & #/1:%"?
r -*/%3o17")&o*"-'o7/*+%!)'9"/&
o,*/* (-*$%$* .'-# (/%,":*!* ('!";" ', =q ', )*(%,*-* $* o%#/*!-%;$%
"-"9"$,% % &%&,"9% o-.%9 &)/* o<*+*$ o8 $!"&, o
%#/*!-%)or -*/&)*/'+*or'/3$*op&,/"9
o'&,/* %$:"$"/%$ $" (/%,":*!* ('!";" ', = q ', )*(%,*-* $* , /'!&)'
#/1:"&,!'
$5'/9*4%3+*! +$*/*:#"$%3,*('-1;"$%'70'(/"+'#%$*,*',;-"$'!","$* !",*
$* #%/"),'/%," " ('&';"$* ! ')-*#* +* (/%-**$" $* ('-%,%)*,* +* ! +$*/*:#"$%3,* $*
;-"$'!","$* !",*$*#%/"),'/%,"
$5'/9*4%3+* (/%#'7%,%,"(/%,":*!*$%,"%(/".! /-"$%," ',;-"$'!","$* !",*
$* #%/"),'/%," (/"+ '#%$*,* *)4%% % '7-%*4%% $* #/1:"&,!',' )*),' (/*!*,* %9 #*
(/%#'7%!*,*)4%%%'7-%*4%%$*#/1:"&,!','"('&';"$*!/*+#"-EF$*#')-*#*
I 1 &% ,< D
?C,
/&%" ( !"
" N (
#% % # < % "
!(&
*$$%,"&*('&';"$%!/*+#"-F,';)*('?'/"
!"
#$!
%
&'
#$!
($)*
/&% #" ! "
= = !" &% ! !( ! <%
" <# ! ! %
!% ! = (
(N <"("(%%%%##%
!# # <" % &%! %
"!%% < !
*$$%,"&*('&';"$%!/*+#"-F,';)*('?'/"
-%"$,% $* o %#/*!-%) )'%,' %9*, #3- ! (/'#*:7%," $*#.! /-30 q &*S
|MK|mKji|w}xynLMFjj|v~|iKimllX[‡vlw}xynLMFj~|€KymynilvFllF|i•Uhw
/&%!J($
70',' & 7/*$%" $* *)4%'$"/%," $* o %#/*!-%) (/'!"#"$' $* @=
'#%$*!+"/"A"$%"+*/*+(/"#"-"$%"',;%&,*,*(";*-7*+*&19*!/*+9"/$*HC
-!+*%+(-*0*$"$*#%!%#"$,%+*'#%$*
&!"$'/"('&';"$','(/"+'#%$*$39*#/1%,*)%!*'7&,'3,"-&,!*
*
/&% " J( ! " !
(% " %!J(""
!<($% !%"
$ (
" # ! % &%" <# !
!#&%
8/"+#/1:"&,!','"$*(/*!%-'#'( -$%,"-$*(*/%;$*!$'&)*& -*&$';-6',
/'!&)%3+*)'$!# 0"/$','&%#/1:"&,!'oM\‚YUw\WXYf[\ƒYx|| /7%3!/*+9"/$*
C .%- "!/' +* &/') ', (", '#%$% 8/"+ !,'/',' ,/%9"&";%" $* = #/1:"&,!',' "
$*(/*!%-'#'( -$%,"-$*(*/%;$*!$'&)*& -*&$';-6', /'!&)%3+*)'$!# 0"/$','&%
#/1:"&,!' oM\‚YU w\WXYf[\ƒY x|| /7%3 ! /*+9"/ $* C .%- "!/' % (/"+ ;",! /,'
,/%9"&";%" $* = #'( -$%,"-$* (*/%;$* !$'&)* ! /*+9"/ = .%- "!/' 8/"+ ( /!','
,/%9"&";%"$*D#/1:"&,!','"$*(/*!%-'#'( -$%,"-$*(*/%;$*!$'&)*& -*&$';-6
', /'!&)%3+*)'$!# 0"/$','&%#/1:"&,!'oM\‚YUw\WXYf[\ƒYx|| /7%3!/*+9"/$*
= .%- !/' 8/"+ '#%$* # 0"/$',' #/1:"&,!' oM\‚YU w\WXYf[\ƒY x|| /7%3
! +&,*$'!%;*&,',#'( -$%,"-$*(*/%;$*!$'&)*!*/*+9"/$*=.%-"!/'8/"+'#%$*
# 0"/$',' #/1:"&,!' oM\‚YU w\WXYf[\ƒY x|| /7%3 ! +&,*$'!% ;*&, ', #'( -$%,"-$*
(*/%;$* !$'&)* !* /*+9"/ $* = .%- "!/' 8/"+ '#%$* # 0"/$',' #/1:"&,!' oM\‚YU
w\WXYf[\ƒYx|| /7%3! +&,*$'!%;*&,',#'( -$%,"-$*(*/%;$*!$'&)*!/*+9"/$*
.%-"!/'
#"-)%,"& &&! /+*$%-%4*(/"+("/%'#*&*(/'#*#"$%"-"9"$,%+*','!*,*(/'#1)4%3
$* oM\‚YU w\WXYf[\ƒY W^^ ? /7%3 $* &,'2$'&, CD .%--"!* % +*)1("$% ', oM\‚YU
w\WXYf[\ƒY W^^ ? /7%3 &,')% $* &,'2$'&, H .%- -! 8/'#*:7* $* &,')% $* vl
wVWXYZ[\]Q^T`XPXY_RU\RR\^_•Uhw!/*+9"/$*@=C.%--"!*%+*)1("$%',vlwVWXYZ[\]
Q^T`XPXY_RU\RR\^_•Uhw!/*+9"/$*.%--"!*
39* &)-N;"$% &#"-)% & & &! /+*$% -%4* '('!"&,"$% ! '#%A$%3 ',;", )'%,' %9*,
& 0"&,!"$' ! +#"2&,!%" ! /.1 5%$*$&'!',' & &,'3$%" %-% /"+1-,*,%," ', #"2$'&,,* $*
#/1:"&,!','(/"+& ',!",$%3',;","$("/%'#$*,")10*,*5%$*$&'!*'#%$*
8
/&% ! <% ! <( ! #" $
$ % # " ! #
!=!#K%#! !$
8/"+ ',;",$*,* '#%$* $*/1A"$%," !"/%% $* #'&,*!)% #"5%4%, , $* /*+-%;$%
!%#'!" 9*,"/%*-% % ,3.$',' ('&) (!*$" A')'!',' ('!%A*!*$" $* 4"$%," $* "$"/%2$%,"
/"&1/&%-%(&*,*$*(/"#&)*+1"9'&,',$'&$',3.$','#!%:"$%"+*$*(/"#%&"/%'+$%3,/ &,$*
%$5-*4%3,* 73.* 5*),'/%," & $"'7%;*"$ .*/*),"/ )'%,' ')*+*.* !-%3$%" ! /.1 43-'&,$*,*
#"2$'&,$*)'9(*$%3,*
39* #/1% & 7%,%3 % (')*+*,"-% & $"'7%;*"$ .*/*),"/ ')*+*-% & 0"&,!"$' !-%3$%"
! /.1 #"2$'&,,* $* "9%,"$,* '&!"$ !'"$$%3 )'$5-%),! p)/*2$* % (/'%+,%;*0%,"',$"'
$"*,%!$% "5"),% ! /.1 %)'$'9%;"&)*,* *),%!$'&, , /'!&)%," ',$'A"$%3 4"$*,* $*
'&$'!$%,"&1/'!%$%%9*,"/%*-%!)-N;%,"-$'$*"$"/'$'&%,"-%,"%%$5-*4%3,*
)
/&%!"!<@#<!" (
&! #" ! !
$ ! ! ! &%
$!&%
39*,*)%!*'7&,'3,"-&,!*
7
/&%!%(%"!
(< M " & "
L"%!
%% ; ! ( !(N(
&
*$$%,"&*('&';"$%!/*+#"-F,';)*('?'/"
9
/&% J( " $ "
(! ("!! (% %#"
J(!! $"&%!
!%
8/"+ ',;",$*,* '#%$* #/1:"&,!',' % $"'!%," # 0"/$% #/1:"&,!* $" &*
('-1;*!*-%+*"9%
:
/&% ! $ !"
% !%<$
$ " J( ! (
-/?"#!=%
# $ ! (" ! !
" # " J( " %"
! !" &( %" !( ( !
! <"!% "((J(
8/"+ ',;",$*,* '#%$* #/1:"&,!',' % $"'!%," # 0"/$% #/1:"&,!* $" &*
(/"#'&,*!3-%+*"9%
/&% ! ! ! != %
!(%
8/"+',;",$%3("/%'##/1:"&,!','$"""9%,%/*-'$'!*"9%&%34"$$%)$%:*
! = &!"!
&% ( ! & " @ < ! ! !
!
%#/*!-%)(17-%)1!*":"9"&";$%(/'$'+%+*(/'#*:7%,"%7/1,$*,*(";*-7*
% & ',!",$' ',;%,* /"*-$%," /"+1-,*,% &(/39' $*(/*!"$%," (/'$'+% ),1*-%+*4%3 $*
(/'$'+%,"&"(/*!%%$*,/%9"&";$*7*+*! +'&$'!*$*',;","$%,"/"+1-,*,%8'&,%$*,%,"
5%$*$&'!%/"+1-,*,%',/*+"$%! !5%$*$&'!%3',;",+*5%$*$&'!*,*'#%$*$"&"/*+-%;*!*,
',(17-%)1!*$%,"(/'$'+$%
! &
(!!<!%"! #
6
"
%
%#/*!-%) '7&-1:!* !&%;)%," &% +*# -:"$%3 $*!/"9" % $" &* $*-%4"
"!"$,1*-$%+*(-*.%+*)'%,'#*&"(/"#!%:#*,9"/)%+*',&,/*$3!*$",'%9
! ! !% %
( ! ! !% !
&!
%+( -$"$%" $* %$!"&,%4%'$$*,* &% (/'/*9* (/"+ '#%$* #/1:"&,!',' "
%$!"&,%/*-'')'-'CH.%--!&'7&,!"$%&/"#&,!*+*9*A%$%& '/ :"$%3%&/*#%
7%+$"&?(-*$*$*#/1:"&,!','+*'#%$*&*+*-':"$%%$!"&,%4%%!/*+9"/$*C
@@ .%- -! $*&';"$% '&$'!$' +* $'!' ,".$'-'%;$' '7'/1#!*$" +* /")'$&,/1)4%3 $*
,".$'-'%;$''7/1#!*$"$'!%,".$'-'%%+*4%5/'!%+*4%3$*(/'4"&%,"%/*+A%/3!*$"$*
(/'%+!'#&,!"$%," ! +9':$'&,% & '-"# ('!%A*!*$" $* (/'%+!'#%,"-$'&,,* % )*;"&,!',' $*
(/'%+!":#*$*,*(/'#1)4%3%$*9*-3!*$"$*&"7"&,'2$'&,,*'(,%9%+*4%3$*(/'%+!'#&,!"$%3
(/'4"&%&,%91-%/*$"$*+*",%,"!#/1:"&,!','-%4*
*
/&% ! !(%
! %% ;!
(
8/"+',;",$%3("/%'#$"&*%+! /A!*$%(/'9"$%!'&$'!$%,"(/%$4%(%$*1(/*!-"$%"
$*#/1:"&,!','
8
/&% ! #
!% & ( ! = !
(/'4"&*$*%+',!3$"$*5%$*$&'!%,"',;",%+*! ,/"A$%3)'$,/'-&"%+/*+3!*
!%$!"$,*/%+*4%%$*/*+;",%,"9*,"/%*-%,"('&)-*#'!"$*$"+*! /A"$','(/'%+!'#&,!'('
4".'!" (/'!":#*$% ('$" !"#$ : '#%A$' ) 9 #")"9!/% & (/'%+,%;*0%," &;",'!'#$%
)'/")4%%& -*&$''&,'2$'&,"$%,"%$!"$,*/%+*4%'$$%'(%&% '$,/'- ,('',$'A"$%" $*
1&,*$'!"$%3 7/*) $* 9*,"/%*-$% +*(*&% &" %+! /A!* +* !&")% ,")10 9"&";"$ ("/%'#
<%$*$&'!%3,)'$,/'-&"'& 0"&,!3!*,")10'',&,/*$*$*/ )'!'#&,!','<%#"2&,!*0%3
'#%,"$)'9%,",('',$'A"$%")'-%;"&,!"$%%4"$'!%#''!'/"$'&,%&#'&,*!;%4%%)-%"$,%
)
/&% ! ! ! (
&
8/"+ ',;",$*,* '#%$* $" &* %+! /A!*$% (/'9"$% ! !",* $* #%/"),'/%," $*
#/1:"&,!','
7
/&% ! (
" J( "
%# "
# @ ! "
#( " % " "
"
9 '#%$* ,*/* (-*$%$* .'-# (/%,":*!!* D= *)4%%
(/"#&,*!-3!*0%Cq',)*(%,*-* %9%, /r''9%-'! *$'!&)%(/%,":*!*H*)4%%
(/"#&,*!-3!*0% Hq ', )*(%,*-* !*$ "-;"! "-;"! (/%,":*!* C 6 *)4%%
=
(/"#&,*!-3!*0% @q ', )*(%,*-* o"-"! $!"&, (/%,":*!* DC *)4%%
(/"#&,*!-3!*0% Hq ', )*(%,*-* o*$ (/%,":*!* H H *)4%% (/"#&,*!-3!*0%
q ', )*(%,*-* ', )*(%,*-* o'&,/* $:"$"/%$ (/%,":*!* HH *)4%% ',
)*(%,*-*(/"#&,*!-3!*0%q',)*(%,*-*%-*#%9%/*-"$,%$'!(*&'!t(/')1/%&,$*
#/1:"&,!','(/%,":*!*=DH*)4%%(/"#&,*!-3!*0%Cq',)*(%,*-*$*#/1:"&,!','
9
/&% ! ! MJ(
J( & L" ! <$
% %%<%$
<
*#/1:"&,!','$"&*%+!"&,$%,*)%!*#''!'/"$'&,%
:
/&%!%$<"< !"
$ !% !% ! @
<%
9 '#%$* $39* !%&30% & #"7$% *#9%$%&,/*,%!$% %-% */7%,/*:$%
(/'%+!'#&,!*
)*&*"0%+*# -:"$%3%-%!+"9*$%3$*#/1:"&,!','!/*+9"/$*2?9*-)'$*&,'
',&'7&,!"$%391)*(%,*-
/ ! ! " J( &"
$! %
*/%$8",/'!*/%$'!?%/"),'/+*!/ +)*&%$!"&,%,'/%,"‡
#/"&S /*+*$- )1-s'+-'#12sGCH *#9%$%&,/*,%!$*,*&/*#*‡ŽF",*:‡', @#'
;*&*!&")%/*7',"$#"$,"-6C6C"-"),/'$$*('0*S
UUYX\_^f•UR?OVWXYZ[\]]^U
I /&% ,<D?C,
/&% " %
!+ <5%(
&$'!$%3,)*(%,*-$*#/1:"&,!','"@66=-"!*%+43-'+*(%&*$%!$"&"$/*+#"-"$
$*@66='7%)$'!"$%7"+$*-%;$%('%9"$$%$"(/%!%-%%/'!*$%*)4%%&(/*!'$*-*&%
&$'9%$*--"!!&3)*',,3.
o%#/*!-%)(/%,":*!*7/'3&'7&,!"$%*)4%%
39**)4%%$*o%#/*!-%))'%,'$"&*#'(1&$*,%#', /'!%3$*/"1-%/*$
(*+*/!"(17-%)*r -*/%3%-%#/1*# /:*!*;-"$)*
-*&$' )$%*,* $* *)4%'$"/%," !'#"$* ', >"$,/*-"$ #"('+%,*/ ) 9
'#%$*#/1:"&,!','%9*DH*)4%'$"/%5%+%;"&)%-%4*%=C*)4%'$"/%N/%#%;"&)%-%4*
<%+%;"&)%," -%4* (/%,":*!*, H6q ', )*(%,*-* $* #/1:"&,!',' * N/%#%;"&)%," -%4* t
@HCq
/&% % % 8 (
<$ < " J( !
" ! % ( ("
C
,*/*(-*$%$*.'-# D= D= C
$#1&,/%*-"$)*(%,*-.'-#%$ HD@D= HD@D= C
@D @=H@ @=C@ 66
)4%'$"/
r/'2*)4%%
q',
-*&'!","
1! !
39**)4%'$"/%& &&("4%*-$%)'$,/'-$%(/*!*
*
!% " !
(% #%
*#/1:"&,!','$"&*%+!"&,$%&('/*+19"$%39":#1*)4%'$"/%,")'%,'9'*,#*#'!"#*,
#''/*$%;"$%3!(/".! /-3$",'$**)4%%%-%(/*!','$*-*&
8
$" "!%
% % $%
! " %#" ("
!!&% (!K
!J( #!( ("
!&% !
39*,*)%!*#''!'/%
1&%
/1:"&,!',' (/"4"$3!* ;" $" " $*-%4" #/1* %$5'/9*4%3 )'3,' #* $" " (17-%;$'
'('!"&,"$* ', #/1:"&,!',' % )'3,' 7% 7%-* !*:$* +* *)4%'$"/%," % %$!"&,%,'/%," (/%
!+"9*$",'$*'7'&$'!*$'%$!"&,%,'/&)'/"A"$%"
')-*# ,+*#"2$'&,,*"(/%",$*+*&"#*$%"$* !",*$*#%/"),'/%,"$*
%#/*!-%)$*'#%$*
8/')1/%&,S
B-(*&'!B
Vladimir
Valentinov
Spasov
Digitally signed by
Vladimir Valentinov
Spasov
Date: 2023.03.10
16:22:53 +02'00'
1
!"
#$"%&
# ' ( )
& *# +
% ) ( ,
(-#$
!" !
. "%
-,)&
/
&
# )
%# 0 ' (
)"%
.
"% , #
1 , &
&'%
2,#$#,
# $ ,# ' 3()
( % 1 ,% 4 "%
%
& (# -,
)14#
,$(
&, , ( -,
,#,#%#5#%,,%
-%,#)
$
'()6#
'"#'',
2
4#(,#%
(,
2"%,$
'3()',%,
789: : ' (
),9
!
"
# !
)4%)#)%#
-%,
%#
,%,#%
$%-#&%
#
. " -, %
$ # % #
,%,/
;%$/
<= , , >?@ABC < % 4# )#
),)=55*D4#59D4
<=,,'5.577
4#5D*4',
:%)
<=, , , 5 . 5 *76 4
# 5 9 99 4 ., :
4
- / "% )
%#,E !.)
%# %% ' #
) )
% "$ FG HI"
,%
. % -
, 3( ) #
',#)
J' , 4
9#
&
$
3()
4
"%
%&"&'
3
' ( ) 6 #
"# ' ' ,
4#(,#%
( , # $ ' ,
,
( " "
'
, %
)&
K(:'()
, 9 # (
, ' )
*&
3(
"#()
,%,,)
3(%$#
%
+,""
,%)#%
+&&L D + ) "
%, # ,%,
$))#%$
E+%4%)
+&&L
,
+
"%,
,
&'&,
"1,#$
3( ) "% ( (
!
&,%
- ( 7D* 4 # /
",M,564NK"564NO.KP
33"# - 5 99 4 N OFP 33"# - 5 99 4 # O
Q R33" 5 6 4 N
O
4SI" 5 4 3(
,6**4#749
4
#
,-
$ ' " ' "
& "# 3(
) , ,
-, )#)4% )# )% -
%,&,(-,)#)%
%
",
( &
& - ) %
, ( ,
#,%
)
!
#$%&!'(")
**+&,-./01(+ %
&2(+!3%+*
*+)+
5
.#
% , , -
')%$
TT&,(-
. ' ( )
&
) !
.,E&$(%)#
)# (
()&#
)# %( $ ,# '
)%#4#4(
$
&,))
,#$)#
(,%%#
#4,%'%%
,#%$#
) % $ %) , K,
% 3( ) &# , $
%
#)
, ( ,, - -
%4(
,%
3()&(,
'
% %
,) % $ %%
%%,)
-,)#%%#
,
% % %
,)
UUUUU
99
Vladimir
Valentino
v Spasov
Digitally signed
by Vladimir
Valentinov Spasov
Date: 2023.03.10
16:26:50 +02'00'
! " #
$ % & &' ( )
%*)%&+
)'+(,*-
+$ '. ) / &&( ' )
)/&(,
* ) '
)
0
1&' &2 3 !
"4#
$ % & &' ( )
%*)%&+
)'+(,*-
+$ '. ) / &&( ' )
)/&(,
* ) '
)
0
Vladimir
Valentinov
Spasov
Digitally signed by
Vladimir Valentinov
Spasov
Date: 2023.03.10
16:32:14 +02'00'
Marin
Petrov
Marinov
Digitally signed by
Marin Petrov
Marinov
Date: 2023.03.10
16:33:07 +02'00'
ÄÎÊËÀÄ ÍÀ ÍÅÇÀÂÈÑÈÌÈß ÎÄÈÒÎÐ
Äî àêöèîíåðèòå íà
Ì+Ñ ÕÈÄÐÀÂËÈÊ ÀÄ
ãð. Êàçàíëúê, óë. “Êîçëîäóé” ¹ 68
Äîêëàä îòíîñíî îäèòà íà ôèíàíñîâèÿ îò÷åò
Ìíåíèå
!"# !$%&'(!)*"# +,!-# ./# 0!./.1+%!2 +-3"-# ./# Ì+Ñ Õèäðàâëèê ÀÄ („4'56"1-%+-+“),
1&,&'6/7#+-3"-/ $/#0!./.1+%+-+#1&1-+2.!"#8&*#9:#,"8"*%'!#2022 ;<#!#+-3"-/ $/#="3/>?/-/#!>!#
$/;5?/-/# !# ,'5;!2#%1"+?)%/-".# ,+)+,, +-3"-/ $/# ='+*".!-"# %#1+?1-%".!2# 8/=!-/># !# +-3"-/ $/#
=/'!3.!-"#=+-+@!# $/#;+,!./-/A#$/%&'(%/7/#./#-/$!# ,/-/A#8/8-+#!# =+21.!-">.!-"#='!>+6".!2#
8&*# 0!./.1+%!2 +-3"-A# %8>B3%/7!# !# +?+?7".+# +=+%"1-2%/."# ./# 1&7"1-%".!-"# 13"-+%+,.!#
=+>!-!8!<
C+#./("#*.".!"A#='!>+6".!2-#0!./.1+%#+-3"-#,/%/#%2'./#!#3"1-./#='",1-/%/#$/#0!./.1+%+-+#
1&1-+2.!"# ./# 4'56"1-%+-+ 8&*# 9:# ,"8"*%'!# 2022 ;<, .";+%!-" 0!./.1+%!# '"$5>-/-!# +-#
,"D.+1--/# !# =/'!3.!-" =+-+@!# $/# ;+,!./-/A# $/%&'(%/7/# ./# -/$!# ,/-/A# %# 1&+-%"-1-%!"# 1#
E"6,5./'+,.!-"# 1-/.,/'-!# $/# 0!./.1+%+# +-3!-/."# FEGHIJA# ='!"-!# +-# KG !# ?&>;/'18+-+#
$/8+.+,/-">1-%+.
Áàçà çà èçðàçÿâàíå íà ìíåíèå
!"#!$%&'(!)*"#./(!2#+,!-#%#1&+-%"-1-%!"#1#E"6,5./'+,.!-"#+,!-+'18!#1-/.,/'-!#FEIGJ<#
/(!-"# +-;+%+'.+1-!#1&;>/1.+# -"$!#1-/.,/'-!# 1/#+=!1/.!# ,+=&>.!-">.+# %# '/$,">/# +-#./(!2#
,+8>/,# „I-;+%+'.+1-!# ./# +,!-+'/# $/# +,!-/# ./# 0!./.1+%!2 +-3"-“<# !"# 1*"# ."$/%!1!*!# +-#
4'56"1-%+-+ %# 1&+-%"-1-%!"# 1# E"6,5./'+,.!2# "-!3". 8+,"81# ./# ='+0"1!+./>.!-"#
13"-+%+,!-">! F%8>B3!-">.+# E"6,5./'+,.!# 1-/.,/'-!# $/# ."$/%!1!*+1-J ./# G&%"-/# $/#
*"6,5./'+,.!#1-/.,/'-!#=+#"-!8/#$/#13"-+%+,!-">!#FL+,"81/#./#GEGKGJA# $/",.+#1#"-!3.!-"#
!$!18%/.!2# ./# M/8+./# $/# ."$/%!1!*!2 0!./.1+%# +,!-A# ='!>+6!* %# N&>;/'!2A# 8/-+# .!"#
!$=&>.!)*"#!#./(!-"#,'5;!#"-!3.!#+-;+%+'.+1-! %#1&+-%"-1-%!"#1# !$!18%/.!2-/#./#M HI#!#
L+,"81/# ./# GEGKG<# !"# 13!-/*"A# 3"# +,!-+'18!-"# ,+8/$/-">1-%/A# =+>53".!# +-# ./1A# 1/#
,+1-/-&3.!#!#5*"1-.!A#$/#,/#+1!;5'2-#?/$/#$/#./("-+#*.".!"<
Êëþ÷îâè îäèòîðñêè âúïðîñè
L>B3+%!#+,!-+'18!#%&='+1!#1/#-"$!#%&='+1!A#8+!-+#1&;>/1.+#./(/-/#='+0"1!+./>./#='"@".8/#
1/ ?!>!# 1# ./D-;+>2*/# $./3!*+1-# ='!# +,!-/# ./# 0!./.1+%!2 +-3"-# $/# -"857!2# ="'!+,<# O"$!#
%&='+1!#1/#'/$;>",/.!#8/-+#3/1-#+-#./(!2#+,!-#./#0!./.1+%!2#+-3"-#8/-+#@2>+#!#0+'*!'/."-+#
./# ./("-+# *.".!"# +-.+1.+# .";+A# 8/-+# .!"# ."# ='",+1-/%2*"# +-,">.+# *.".!"# +-.+1.+# -"$!
%&='+1!<
2
Ðàçõîäè çà ïðèäîáèâàíå íà äúëãîòðàéíè ìàòåðèàëíè àêòèâè (ÄÌÀ â ïðîöåñ íà
èçãðàæäàíå)
Êëþ÷îâ îäèòîðñêè âúïðîñ
Êàê òîçè êëþ÷îâ îäèòîðñêè âúïðîñ
áåøå àäðå
ñèðàí ïðè ïðî
âåäåíèÿ îò
íàñ îäèò
4'56"1-%+-+# ='+,&>6/%/# ,/# '"/>!$!'/#
!.%"1-!@!+../# ='+;'/*/
A# 1%&'$/
./# 1#
*+,"'.!$!'/.
"# ./# 1&7"1-%5%/7!-" ,&>;
+-'/D.!#
*/-"'!/>.!#/8-!%!A#$/85=5%/."#./#.+%!
*/(!.!#!#
1&+'&6".!2A#!$;'/6,/."# ./# .+%
!# ='+!$%+
,1-%".!#
*+
7.+1-!<
P/$)+,!-"# $/# ='
!,+?!%/."# ./# ,&
>;+-'/D.!#
*/-"
'!/>.!#/8-!%! F4EQ#%#='+@"1#./#
!$;'/6,/.")
='"$#
2022 ;<#1/#+=+%"1-".!#%#C+21.".!" 1 „
R*+-!A#
*/(!.!# !# 1&+'&
6".!2“A# '/$,"># „4
+=&>.!-">./#
!.0+'*/@!2#8&*#1-/-!!-"#./#;+,!(.!2#0!./.1+%#
+-3"-
“ %# ='!>+6".!"-+# ./# 0!./.1+%!2#
+-3"-.
P/$*"'&-# ./# =+1-&=!>!-"# 4EQ
%# ='+@"1# ./#
!$;'/6,/."#
" 16 372 )!>< >% (11,80S# +-#
+?7!-"#
/8-!%!J
. I-3"-./-/#1-+D.+1-#./#!$>"$>!-"#4E
Q#%#
='+@"1#./#!$;'/6,/."#!#=+1-&=!>!#%#,'5;!#;'5=!#
4EQ#"#
15 533 )!>< >%< (11,20S#+-#+?7!-"#/8-
!%!).
/3!.&-
!*# ./# =&'%+
./3/>.+# ='!$./%/." !#
=+1>",%/7+# +-3!
-/." "# +=+%"1-".# %# '/$,"> „
N/$/#
$/# !$;+-%2."# ./# ;+,!(".# 0!./.1+%# +-3"-# !#
='!>/;/.!# 1&7"1-%".!# 13"-+%+,.!# =+>!-!8!“,
-+38/#
„R*+-!A# */(!.!# !# 1&+'&6".!2“
%# ='!>+-
6".!"-+#./#0!./.1+%!2#+-3"-<
C'+
@"1&- ./# !$;'/6,/.
"# ./# ='+!$%+,1-%".!#
*+
7.+1-!A# *+,"'.!$/@!2# ./# 1&7"1-%5%/7
!-"#
,&>;+-'/D.!#
*/-"'!/>.!#/8-!%!#
!>!#%&%"6,/."#./
.+%!#
!*+-!A# 1;'/,!A#
*/(!.!# !# 1&+'&6".!2# "#
1%&'$/.+# 1# '",!@/#
.+'*/-!%.!# !#
-").!3"18!
!$!18%/.!2# !# ='+@",5'!<# O+D# "# 1&='+%+,".# 1#
./?
/%2." ./#+='",">"./#-").!3"
18/#,+85*".-/@!2A#
='!"*/."# ./# +?"8-!
-"# +-# ./
'+3.+# 1&$,/,".!#
='!"
*/-">.!# 8+*!1!!A# ='")%&'>2."
./# %"7.!#
='/%/<# K81="'-.!# ;'5=!# !$%&'(%/-# /./>!$!A#
+@".8!# =+# +?"8-!
./# !$=&>."./-/# '/?+-/# =+# %!,,
+?)%/-A#@">!A#%'
"*"A#./='/%".!-"#'/$)+,!, -2).
+-+#
'/$='"
,
">".!"# =+# +?"8-!# !# ="'!+,!<#
G3"-+%+,.+-+# -'"
-!'/."# .
/# '/$)+,!-"# =+#
!$;'/6,/."# ./# '/$>!3.!-"# ,&>;+-'/D.!#
*/-"'
!/>.!# /8-!%!# $/%!1!# +-# -"$!# -").
!3"18!#
/./>!$!
, 8+.1-/-/@!!A#+@".8!<#O+%/#='",
+='",">2#
8+!# '/$)+,!# 1>",%/# ,/# ?&,/-# !>!# ,/# ."# ?&,/-#
8/=!-/
>!$!'/.!# %# 1-+D.+1--/# ./# !$;'/,"
.!-"#
/8-!%!A#
8+;/#/8-!%!-"#,/ ?&,/-#%&%",".!#%#"8
1=>-
+/-/@!2A# *+*".-&-# ./# ./3!1>2%/."# ./#
/*+'-!
$/@!2<#
C+'/,!#$./3!*+1--/#./#=+1+3".!-"#+?1-+
2-"
>1-%/#
-+$!#%&='+1#"#+='",">".#8/-+#8>B3+%<
C+#%'"*"#./#./(!2#+,!-A +,!-+'18!-"#
.!#='+@",5'!#%8>B3
%/)/A#?"$#,/ 1/#
+;'/.!3".!#,+#1>",.
!-"T
-
C+>53/%/."#./#'/$?!'/."#./
='+@"1!-"#
=+#'/$'/?+-%/."#./#
!.%"1-!@!+../-/#='+;'/*/
,
"6";+,.+-+#
?!$."1#
=>/.!'/." !#=+#!
$=&>.".!"-+#./#
+,+?'".!-"#$/#
'"/>!$/@!2#='+"8-!
A#%8><#
*
+.!-+'!.;/#!#+@".2%/."-+#
./#1-"=".-/#
./#'"/>!$!'5"*+1-#./#
='+"8-!-"#!#
8/=!-/>!$!
'/."-+#./
'/$)+,!-"#=+#-2)<
-
O"1-%/."#./#8+.-'+>!-"A#
1%&'$/.!#1#='+@"1/#./#8/=!-/>!$/@!2 !#
+@".2%/."#./#"0"8-!%.+1--/#!*<
- C'";>",#!#/./>!$#./#=&'%!3.!-"#
13"-+%+,.!#,+85*".-!#=+#='!,+?!%/."#
!#
!$;'/6,/."#./#,&>;+-'/D.!#
*/-"'!/>.!#/8-!%!<
-
C'";>",#!#/./>!$#./#
-").!3"18!#
1-/.+%!
7/A#+,+?'".!2
$/#='!"*/."#./#
,/,".!#
/8-!%!
!#-2).+-+#%&%"6,/."#%#
"81=>+/-/@!2
.
-
I@".8/#./#5*"1-.+1--/A#
=&>.+-/-/#!#/,"8%/-.+1--/#./#
+=+%"1-2%/.!2-/#%&%#0!./.1+%!2#+-3"-<
3
Äðóãà èíôîðìàöèÿ, ðàçëè÷íà îò ôèíàíñîâèÿ îò÷åò è îäèòîðñêèÿ äîêëàä âúðõó íåãî
P&8+%+,1-%+-+# .+1!# +-;+%+'.+1-# $/# ,'5;/-/# !.0+'*/@!2<# 4'5;/-/# !.0+'*/@!2# 1"# 1&1-+!# +-#
,+8>/,#$/#,"D.+1--/A#%#-<3< ,"8>/'/@!2#$/#8+'=+'/-!%.+#5='/%>".!", ."0!./.1+%/#,"8>/'/@!2#!#
,+8>/,#$/#!$=&>.".!"#./#=+>!-!8/-/#$/#%&$./;'/6,".!2-/, !$;+-%".!#+-#'&8+%+,1-%+-+#1&;>/1.+
U>/%/#1",*/ +- M/8+./#$/#13"-+%+,1-%+-+A#.+#."#%8>B3%/#0!./.1+%!2#+-3"-#!#./(!2#+,!-+'18!#
,+8>/,#%&')5#.";+, 8+2-+#=+>53!)*"#='",!#,/-/-/#./#./(!2#+,!-+'18!#,+8>/,.
/("-+# *.".!"# +-.+1.+# 0!./.1+%!2 +-3"-# ."# +?)%/7/# ,'5;/-/# !.0+'*/@!2# !# .!"# ."#
!$'/$2%/*"# 8/8%/-+# !# ,/# "# 0+'*/# ./# $/8>B3".!"# $/# 1!;5'.+1-# +-.+1.+# ."2A# +1%".# /8+# ."# "#
!$'!3.+#=+1+3".+#%#,+8>/,/#.!#!#,+#1-"=".-/A#,+#8+2-+#"#=+1+3".+<
V&%# %'&$8/# 1# ./(!2# +,!-# ./# 0!./.1+%!2 +-3"-A# ./(/-/# +-;+%+'.+1-# 1" 1&1-+!# %# -+%/# ,/#
='+3"-"*#,'5;/-/#!.0+'*/@!2#!#=+#-+$!#./3!.#,/#='"@".!*#,/>!#-/$!#,'5;/#!.0+'*/@!2#"#%#
1&7"1-%".+#."1&+-%"-1-%!"#1#0!./.1+%!2#+-3"-#!>!#1#./(!-"#=+$./.!2A#='!,+?!-!#=+#%'"*"#./#
+,!-/A#!>!#=+#,'5;#./3!.#!$;>"6,/#,/#1&,&'6/#1&7"1-%".+#."='/%!>.+#,+8>/,%/."<#V#1>53/D#3"#
./# ?/$/-/# ./# '/?+-/-/A# 8+2-+# 1*"# !$%&'(!>!A# .!"# ,+1-!;."*# ,+# $/8>B3".!"A# 3"# "# ./>!@"
1&7"1-%".+#."='/%!>.+#,+8>/,%/."#%#-/$!#,'5;/#!.0+'*/@!2A#+-#./1#1"#!$!18%/#,/#,+8>/,%/*"#
-+$!#0/8-<
2*/*"#8/8%+#,/#,+8>/,%/*"#%#-+%/#+-.+(".!"<
Îòãîâîðíîñò íà ðúêîâîäñòâîòî è ëèöàòà, íàòîâàðåíè ñ îáùî óïðàâëåíèå çà ôèíàíñîâèÿ
îò÷åò
P&8+%+,1-%+-+#.+1!#+-;+%+'.+1-#$/#!$;+-%2."-+#!#,+1-+%"'.+-+#='",1-/%2."#./#-+$!#0!./.1+%#
+-3"-# %# 1&+-%"-1-%!"# 1# EGHI, ='!>+6!*!# %# KG# !# $/# -/8/%/# 1!1-"*/# $/# %&-'"(".# 8+.-'+>A#
8/8%/-+# '&8+%+,1-%+-+# +='",">2# 8/-+# ."+?)+,!*/# $/# +1!;5'2%/."# !$;+-%2."-+# ./# 0!./.1+%!#
+-3"-!A#8+!-+#."#1&,&'6/-#1&7"1-%".!#."='/%!>.!#+-3!-/.!2A#."$/%!1!*+#,/>!#,&>6/7!#1"#./#
!$*/*/#!>!#;'"(8/<
C'! !$;+-%2."# ./# 0!./.1+%!2 +-3"-# '&8+%+,1-%+-+# .+1! +-;+%+'.+1-# $/# +@".2%/."# ./#
1=+1+?.+1--/# ./# 4'56"1-%+-+ ,/# ='+,&>6!# ,/# 05.8@!+.!'/ 8/-+# ,"D1-%/7+# ='",='!2-!"A#
+=+%"1-2%/D8!A#8+;/-+#-+%/#"#='!>+6!*+A#%&='+1!A#1%&'$/.!#1#='",=+>+6".!"-+#$/#,"D1-%/7+#
='",='!2-!"#!#!$=+>$%/D8!#13"-+%+,./-/#?/$/ ./#+1.+%/-/#./#='",=+>+6".!"-+#$/#,"D1-%/7+#
='",='!2-!"A# +1%".# /8+# '&8+%+,1-%+-+# ."# %&$./*"'2%/# ,/# >!8%!,!'/# 4'56"1-%+-+ !>!# ,/#
='"51-/.+%!#,"D.+1--/#DA#!>!#/8+#'&8+%+,1-%+-+#./#='/8-!8/#.2*/#,'5;/#/>-"'./-!%/A#+1%".#,/
=+1-&=!#=+#-+$!#./3!..
W!@/-/A#./-+%/'".!#1#+?7+#5='/%>".!"A .+12- +-;+%+'.+1-#$/#+1&7"1-%2%/."-+#./#./,$+'#./,#
='+@"1/#=+#0!./.1+%+#+-3!-/."#./# 4'56"1-%+-+.
Îòãîâîðíîñòè íà îäèòîðèòå çà îäèòà íà ôèíàíñîâèÿ îò÷åò
/(!-"#@">!#1/#,/#=+>53!*#'/$5*./#1-"=".#./#1!;5'.+1-#+-.+1.+#-+%/#,/>!#0!./.1+%!2 +-3"-#
8/-+# @2>+# ."# 1&,&'6/# 1&7"1-%".!# ."='/%!>.!# +-3!-/.!2A# ."$/%!1!*+# ,/>!# ,&>6/7!# 1"# ./#
!$*/*/# !>!# ;'"(8/A# !# ,/# !$,/,"*# +,!-+'18!# ,+8>/,A# 8+D-+# ,/# %8>B3%/# ./("-+# +,!-+'18+#
*.".!"<#P/$5*./-/#1-"=".#./#1!;5'.+1- "#%!1+8/#1-"=".#./#1!;5'.+1-A#.+#."#"#;/'/.@!2A#3"#+,!-A#
!$%&'(".#% 1&+-%"-1-%!"#1 EIG !#M/8+./#$/#."$/%!1!*!2#0!./.1+%#+,!-A#%!./;!#7"#'/$8'!%/#
1&7"1-%".+#."='/%!>.+#+-3!-/."A#8+;/-+#-/8+%/#1&7"1-%5%/<# "='/%!>.!#+-3!-/.!2#*+;/-#,/#
%&$.!8./-#%#'"$5>-/- ./#!$*/*/#!>!#;'"(8/#!#1"#13!-/-#$/#1&7"1-%".!A#/8+#?!#*+;>+#'/$5*.+#,/#
4
1"# +3/8%/A# 3"# -"A# 1/*+1-+2-">.+# !>!# 8/-+# 1&%85=.+1-A# ?!)/# *+;>!# ,/# +8/6/-# %>!2.!"# %&')5#
!8+.+*!3"18!-"#'"(".!2#./#=+-'"?!-">!-"A#%$"*/.!#%&$#+1.+%/#./#-+$!#0!./.1+%#+-3"-<
L/-+#3/1- +- +,!-/#% 1&+-%"-1-%!"#1#EIGA#.!"#!$=+>$%/*"#='+0"1!+./>./#='"@".8/#! $/=/$%/*"#
='+0"1!+./>". 18"=-!@!$&*#=+#%'"*"#./#@">!2#+,!-<# !"#1&7+#-/8/T
- !,".-!0!@!'/*"# !# +@".2%/*"# '!18+%"-"# +-# 1&7"1-%".!# ."='/%!>.!# +-3!-/.!2# %&%#
0!./.1+%!2# +-3"-A# ."$/%!1!*+# ,/>! ,&>6/7!# 1"# ./# !$*/*/# !>!# ;'"(8/A# '/$'/?+-%/*"# !#
!$=&>.2%/*"# +,!-+'18!# ='+@",5'!# %# +-;+%+'# ./# -"$!# '!18+%"# !# =+>53/%/*"# +,!-+'18!#
,+8/$/-">1-%/A#8+!-+#,/#1/# ,+1-/-&3.!#!#5*"1-.!A#$/ ,/#+1!;5'2-#?/$/# $/#./("-+#*.".!"<#
P!18&-#,/#."#?&,"#'/$8'!-+#1&7"1-%".+#."='/%!>.+#+-3!-/."A#8+"-+#"#'"$5>-/-#+-#!$*/*/A "#
=+-%!1+8A#+-8+>8+-+#'!18/#+-#1&7"1-%".+#."='/%!>.+#+-3!-/."A#8+"-+#"#'"$5>-/-#+-#;'"(8/A#
-&D#8/-+#!$*/*/-/#*+6"#,/#%8>B3%/#-/D.+#1=+'/$5*2%/."A#0/>(!0!@!'/."A#='",./*"'".!#
='+=518!A#!$2%>".!2#$/#%&%"6,/."#./ +,!-+'/#%#$/?>56,".!"A#8/8-+#!#='"."?'";%/."#!>!#
$/+?!8/>2."#./ %&-'"(.!2#8+.-'+>X
- =+>53/%/*"# '/$?!'/."# $/# %&-'"(.!2# 8+.-'+>A# !*/7# +-.+(".!"# 8&*# +,!-/A# $/# ,/#
'/$'/?+-!*#+,!-+'18!#='+@",5'!A#8+!-+#,/#1/#=+,)+,27!#='!#8+.8'"-.!-"#+?1-+2-">1-%/A#
.+# ."# 1# @"> !$'/$2%/."# ./# *.".!"# +-.+1.+# "0"8-!%.+1--/ ./# %&-'"(.!2# 8+.-'+># ./#
4'56"1-%+-+;
- +@".2%/*"# 5*"1-.+1--/# ./# !$=+>$%/.!-"# 13"-+%+,.!# =+>!-!8!# !# '/$5*.+1--/# ./#
13"-+%+,.!-"# ='!?>!$!-">.!# +@".8!# !# 1%&'$/.!-"# 1# -2)# +=+%"1-2%/.!2A# ./='/%".!# +-#
'&8+%+,1-%+-+X
- ,+1-!;/*"#,+#$/8>B3".!"#+-.+1.+#5*"1-.+1--/#./#!$=+>$%/."#+-#1-'/./#./#'&8+%+,1-%+-+#
./# 13"-+%+,./-/# ?/$/# ./# +1.+%/-/# ./# ='",=+>+6".!"-+# $/# ,"D1-%/7+# ='",='!2-!"# !A# ./#
?/$/-/# ./# =+>53".!-"# +,!-+'18!# ,+8/$/-">1-%/A# +-.+1.+# -+%/# ,/>!# "# ./>!@"# 1&7"1-%"./#
."1!;5'.+1-A# +-./127/# 1"# ,+# 1&?!-!2# !>!# 51>+%!2A# 8+!-+# ?!)/ *+;>!# ,/# =+'+,2-#
$./3!-">.!#1&*.".!2#+-.+1.+#1=+1+?.+1--/#./#4'56"1-%+-+ ,/#='+,&>6!#,/#05.8@!+.!'/#
8/-+#,"D1-%/7+#='",='!2-!"<#Q8+#.!"#,+1-!;."*#,+#$/8>B3".!"A#3"#"#./>!@"#1&7"1-%"./#
."1!;5'.+1-A# +-# ./1# 1" !$!18%/# ,/# ='!%>"3"*# %.!*/.!"# %# +,!-+'18!2# 1!# ,+8>/, 8&*#
1%&'$/.!-"#1#-/$!#."1!;5'.+1-#+=+%"1-2%/.!2#%&%#0!./.1+%!2#+-3"-#!>!#%#1>53/D#3"#-"$!#
+=+%"1-2%/.!2# 1/# ."/,"8%/-.!A# ,/# *+,!0!@!'/*"# *.".!"-+# 1!<# /(!-"# $/8>B3".!2# 1"#
+1.+%/%/-# ./# +,!-+'18!-"# ,+8/$/-">1-%/A# =+>53".!# ,+# ,/-/-/# ./# +,!-+'18!2# .!# ,+8>/,<#
N&,"7!#1&?!-!2#!>!#51>+%!2#+?/3"#*+;/-#,/#1-/./-#='!3!./#4'56"1-%+-+ ,/#='"51-/.+%!#
05.8@!+.!'/."-+#1!#8/-+#,"D1-%/7+#='",='!2-!"X
- +@".2%/*"# @2>+1-.+-+# ='",1-/%2."A# 1-'58-5'/# !# 1&,&'6/.!"# ./# 0!./.1+%!2# +-3"-A#
%8>B3!-">.+#+=+%"1-2%/.!2-/A#!#,/>!#0!./.1+%!2-#+-3"-#='",1-/%2#+1.+%+=+>/;/7!-"#$/#
.";+#1,">8!#!#1&?!-!2#=+#./3!.A#8+D-+#=+1-!;/#,+1-+%"'.+#='",1-/%2."<
!"# 8+*5.!8!'/*"# 1# >!@/-/A# ./-+%/'".!# 1# +?7+# 5='/%>".!"A# ./'",# 1# +1-/./>!-"# %&='+1!A#
=>/.!'/.!2# +?)%/-# !# %'"*"# ./# !$=&>.".!"# ./# +,!-/ ! 1&7"1-%".!-"# 8+.1-/-/@!!# +-# +,!-/A#
%8>B3!-">.+# 1&7"1-%".!# .",+1-/-&@!# %&%# %&-'"(.!2# 8+.-'+>A# 8+!-+# !,".-!0!@!'/*"# =+#
%'"*"#./#!$%&'(%/.!2#+-#./1#+,!-<
!"# ='",+1-/%2*"# 1&7+# -/8/# ./# >!@/-/A# ./-+%/'".!# 1# +?7+# 5='/%>".!"A# !$2%>".!"A# 3"# 1*"#
!$=&>.!>!# ='!>+6!*!-"# "-!3.! !$!18%/.!2# %&%# %'&$8/# 1# ."$/%!1!*+1--/# !# 3"# 7"#
8+*5.!8!'/*"#1#-2)#%1!38!#%$/!*++-.+(".!2#!#,'5;!#%&='+1!A#8+!-+#?!)/#*+;>!#'/$5*.+#,/
?&,/-# '/$;>"6,/.!#8/-+# !*/7!# +-.+(".!"# 8&*# ."$/%!1!*+1--/# .!A# /# 8+;/-+# "# ='!>+6!*+A# !#
1%&'$/.!-"#1#-+%/#='",=/$.!#*"'8!<
G'",#%&='+1!-"A#8+*5.!8!'/.!#1#>!@/-/A#./-+%/'".!#1#+?7+#5='/%>".!"A#.!"#+='",">2*"#-"$!#
%&='+1!A# 8+!-+# 1/# ?!>!# 1# ./D-;+>2*/# $./3!*+1-# ='!# +,!-/# ./# 0!./.1+%!2 +-3"-# $/# -"857!2#
="'!+,# !# 8+!-+# 1>",+%/-">.+# 1/# 8>B3+%!# +,!-+'18!# %&='+1!<# !"# +=!1%/*"# -"$!# %&='+1!# %#
./(!2#+,!-+'18!#,+8>/,A#+1%".#%#1>53/!-"A#%#8+!-+#$/8+.#!>!#.+'*/-!%./#5'",?/#%&$='"=2-1-%/#
=5?>!3.+-+# +=+%"1-2%/."# ./# !.0+'*/@!2# $/# -+$!# %&='+1# !>!# 8+;/-+A# %# !$8>B3!-">.+# '",8!#
1>53/!A#.!"#'"(!*A#3"#,/,".#%&='+1#."#1>",%/#,/#?&,"#8+*5.!8!'/.#%#./(!2#,+8>/,A#-&D#8/-+#
5
?!# *+;>+# '/$5*.+# ,/# 1"# +3/8%/A# 3"# ."?>/;+='!2-.!-"# =+1>",1-%!2# +-# -+%/# ,"D1-%!"# ?!)/#
./,%!(!>!#=+>$!-"#+-#;>",./#-+38/#./#+?7"1-%".!2#!.-"'"1#+-#-/$!#8+*5.!8/@!2<
Äîêëàä âúâ âðúçêà ñ äðóãè çàêîíîâè è ðåãóëàòîðíè èçèñêâàíèÿ
!"#$%&'($%& )#"*!+&,- .!&'!- "!+'/)0- 1/- 2!.$/2)/%(- 3/.!%#'- 1/- +4('!)!2+')!'!- &-
3/.!%#'-1/-"56$&4%!-"*(2$/7/%(-%/-8(%%&-.%&9/
V#,+=&>.".!"#./#./(!-"#+-;+%+'.+1-!#!#,+8>/,%/."#1&;>/1.+#EIGA#+=!1/.!#=+-;+'"#%#'/$,">/#
„4'5;/# !.0+'*/@!2A# '/$>!3./# +-# 0!./.1+%!2# +-3"-# !# +,!-+'18!2# ,+8>/,# %&')5# .";+“# =+#
+-.+(".!"# ./# ,+8>/,/# $/# ,"D.+1--/A# %# -<3<# ,"8>/'/@!2-/# $/# 8+'=+'/-!%.+# 5='/%>".!"# !#
."0!./.1+%/-/# ,"8>/'/@!2A# .!"# !$=&>.!)*"# !# ='+@",5'!-", ,+?/%".!# 8&*# !$!18%/.!-"# =+#
EIGA# 1&;>/1.+# Y8/$/.!2-/# ./# ='+0"1!+./>./-/# +';/.!$/@!2# ./ ,!=>+*!'/.!-"# "81="'--
13"-+%+,!-">!# !#'";!1-'!'/.!-"#+,!-+'!# %# N&>;/'!2# – R.1-!-5-# ./# ,!=>+*!'/.!-"# "81="'--
13"-+%+,!-">!# FR4KGJ<# O"$!# ='+@",5'!# 8/1/2-# ='+%"'8!# $/# ./>!3!"-+A# 8/8-+# !# ='+%"'8!# ./#
0+'*/-/#!#1&,&'6/.!"-+#./ -/$!#,'5;/#!.0+'*/@!2#1#@">#,/#.! =+,=+*+;./-#%&%#0+'*!'/."#./#
1-/.+%!7/#+-.+1.+#-+%/#,/>!#,'5;/-/#!.0+'*/@!2#%8>B3%/#+=+%"1-2%/.!2-/#!#,+8>/,%/.!2-/A#
='",%!,".!#%#U>/%/#1",*/#+-#M/8+./#$/#13"-+%+,1-%+-+ !#M/8+./#$/#=5?>!3.+-+#='",>/;/."#./#
@"..! 8.!6/ FMCCZLJ# (3><# :[[.A# /><# :[# +-# MCCZL# %&% %'&$8/# 1# 3><# :[[.A# /><# \A# -<#9# !# ]# +-#
MCCZLA#8/8-+#!#3><#:[[.A#/><#:9#+-#MCCZL#%&%#%'&$8/#1#3><#::^%A#/><#:#+-#MCCZLJA#='!>+6!*!#
%#N&>;/'!2.
!"#$%&'()%*%)%+*,-").)/01)372)"01)6)$!)4"-$#"),")./(!$%$5.!%$!$
/#?/$/-/#./#!$%&'(".!-"#='+@",5'!A#./("-+#1-/.+%!7"#"A#3"T
F/J !.0+'*/@!2-/A# %8>B3"./# %# ,+8>/,/# $/# ,"D.+1--/# $/# 0!./.1+%/-/# ;+,!./A# $/# 8+2-+ "#
!$;+-%".#0!./.1+%!2-#+-3"-A#1&+-%"-1-%/#./#0!./.1+%!2#+-3"-X
F?J# ,+8>/,&-#$/#,"D.+1--/#"#!$;+-%".#%#1&+-%"-1-%!"#1#='!>+6!*!-"#$/8+.+%!#!$!18%/.!2#!#
=+-8+.8'"-.+#!$!18%/.!2-/#./#U>/%/#1",*/#+-#M/8+./#$/#13"-+%+,1-%+-+ !#./#3><#:[[F.JA#
/><#_#+-#M/8+./#$/#=5?>!3.+-+#='",>/;/."#./#@"..!#8.!6/.
(%J#%#,"8>/'/@!2-/#$/#8+'=+'/-!%.+#5='/%>".!"#$/#0!./.1+%/-/#;+,!./A#$/#8+2-+#"#!$;+-%".#
0!./.1+%!2-# +-3"-A "# ='",1-/%"./# !$!18%/./-/# 1&;>/1.+# U>/%/# 1",*/# +-# M/8+./# $/#
13"-+%+,1-%+-+#! 3>< :[[#F.JA#/><#\#+-#M/8+./#$/#=5?>!3.+-+#='",>/;/."#./#@"..!#8.!6/,
!.0+'*/@!2;
F;J# ."0!./.1+%/-/# ,"8>/'/@!2# $/# 0!./.1+%/-/# ;+,!./A# $/# 8+2-+# "# !$;+-%".# 0!./.1+%!2-#
+-3"-A "#='",+1-/%"./#!#!$;+-%"./#%#1&+-%"-1-%!"#1#!$!18%/.!2-/#U>/%/#1",*/#+-#M/8+./#
$/#13"-+%+,1-%+-+<
F,J#,+8>/,&-#$/#!$=&>.".!"#./#=+>!-!8/-/#$/#%&$./;'/6,".!2-/#$/#0!./.1+%/-/#;+,!./A#$/#
8+2-+# "# !$;+-%".# 0!./.1+%!2-# +-3"-A# "# ='",+1-/%".# !# +-;+%/'2# ./# !$!18%/.!2-/A#
+='",">".! % ./'",?/-/#=+#3><#::^%A#/><#:#+-#M/8+./#$/#=5?>!3.+-+#='",>/;/."#./#@"..!#
8.!6/.
!"#$%&'()%*%)%+*,-").)/01)899:#;2)"01)89) %*%)%+*,-").) /01)899)#2)"01) <2)!1)3)&) =) $! 4"-$#"),")
>?@0&/#$!$)>+(50"A"#()#")B(##&)-#&C"
/#?/$/#./#!$%&'(".!-"#='+@",5'!#!#./#='!,+?!-+-+#=+$./%/."#!#'/$?!'/."#./#,"D.+1--/#./#
='",='!2-!"-+# !# 1'",/-/A# %# 8+2-+# -+# '/?+-!A# =+# ./("# *.".!"A# +=!1/.!"-+# ./# +1.+%.!-"#
)/'/8-"'!1-!8!#./#1!1-"*!-"#$/#%&-'"(". 8+.-'+>#!#5='/%>".!"#./#'!18/#./#='",='!2-!"-+#%&%#
%'&$8/#1#='+@"1/#./#0!./.1+%+#+-3!-/."A#8+"-+#"#3/1-#+-#,+8>/,/#$/#,"D.+1--/#F8/-+#">"*".-#+-#
1&,&'6/.!"-+# ./# ,"8>/'/@!2-/# $/# 8+'=+'/-!%.+# 5='/%>".!"J# !# !.0+'*/@!2-/# =+ 3><# :[A#
=/'/;'/0#:A#?58%!#`%`A#`;`A `"`A#`$`#!#`!`#+-#4!'"8-!%/#a[[]bacbKI#./#K%'+="D18!2#=/'>/*".-#!#
./#G&%"-/#+-#a:#/='!>#a[[]#;+,!./#+-.+1.+#='",>+6".!2-/#$/#=+;>&7/."A#."#1&,&'6/-#1>53/!#
./#1&7"1-%".+#."='/%!>.+#,+8>/,%/."<
6
!"#$%&'($%!-2!.$/2)/%(-!'%!+%!-!2&'/-%/-:&%/%+!)&0-!'4(' )#)-)*#1./-+-4$;-<==>%?,-/$;-
@,-';-A-!'-3/.!%/-1/-"56$&4%!'!-"*(2$/7/%(-%/-8(%%&-.%&9/-
D,E%0(#&()%*%) %+*,-") .) /01)899:#;2) "01) =2) !1) 32) @1) „@“)$!) 4"-$#") ,") >?@0&/#$!$)>+(50"A"#()#")
B(##&)-#&C"
R.0+'*/@!2#+-.+1.+#1,">8!-"#1&1#1%&'$/.!#>!@/#"#+=+%"1-"./#% N">"68/#:#./#'/$,">#„4'5;!#
+=+%"1-2%/.!2“ 8&*# 0!./.1+%!2#+-3"-<# /# ?/$/#./# !$%&'(".!-" +-#./1# +,!-+'18!#='+@",5'!#
%&')5#1,">8!-"#1&1#1%&'$/.!#>!@/#8/-+#3/1-#+-#./(!2#+,!-#./#0!./.1+%!2 +-3"-#8/-+#@2>+A#."#
1/# .!# 1-/./>!# !$%"1-.!# 0/8-!A# +?1-+2-">1-%/# !>!# ,'5;/# !.0+'*/@!2A# ./# ?/$/# ./# 8+!-+# ,/#
./='/%!*#$/8>B3".!"A#3"#1,">8!-"#1&1#1%&'$/.!#>!@/#." 1/#+=+%"1-".!#%#='!>+6".!2#0!./.1+%#
+-3"-# $/# ;+,!./-/A# $/%&'(%/7/# ./# 9:# ,"8"*%'!# 2022 ;<A# %&%# %1!38!# 1&7"1-%".!# /1="8-!A# %#
1&+-%"-1-%!"# 1# !$!18%/.!2-/# ./# EGG# a]# „I=+%"1-2%/."# ./# 1%&'$/.!# >!@/“<# P"$5>-/-!-"# +-#
./(!-"# +,!-+'18!# ='+@",5'!# %&')5# 1,">8!-"# 1&1# 1%&'$/.!# >!@/# 1/# '/$;>",/.!# +- ./1# %#
8+.-"81-/#./#0+'*!'/."-+#./#./("-+#*.".!"#+-.+1.+#0!./.1+%!2#+-3"-#8/-+#@2>+A#/#."#1#@">#
!$'/$2%/."#./#+-,">.+#*.".!"#%&')5#1,">8!-"#1&1#1%&'$/.!#>!@/<
D,E%0(#&()%*%) %+*,-").) /01)899:#;2) "01) =2) !1) 32) @1) „%”) $!) 4"-$#" ,")>?@0&/#$!$)>+(50"A"#() #")
B(##&)-#&C"
/(!-"# +-;+%+'.+1-!# $/# +,!-# ./# 0!./.1+%!2# +-3"-# 8/-+# @2>+A# +=!1/.!# %# '/$,">/# ./# ./(!2#
,+8>/,# „I-;+%+'.+1-!# ./# +,!-+'/# $/# +,!-/# ./# 0!./.1+%!2# +-3"-“A# %8>B3%/-# +@".2%/."# ,/>!#
0!./.1+%!2-# +-3"-# ='",1-/%2# 1&7"1-%".!-"# 1,">8!# !# 1&?!-!2# =+# ./3!.A# 8+D-+# =+1-!;/#
,+1-+%"'.+# ='",1-/%2."<# /# ?/$/# ./# !$%&'(".!-"# +-# ./1# +,!-+'18!# ='+@",5'!# %&')5#
1&7"1-%".!-"# 1,">8!A# +1.+%+=+>/;/7!# $/# 0!./.1+%!2# +-3"-# $/# ;+,!./-/A# $/%&'(%/7/# ./# 9:#
,"8"*%'!#2022 ;<A#."# 1/#.!# 1-/./>!#!$%"1-.!#0/8-!, +?1-+2-">1-%/#!>!#,'5;/#!.0+'*/@!2A#./#
?/$/# ./# 8+!-+# ,/# ./='/%!*# $/8>B3".!"A# 3"# 1/# ./>!@"# 1>53/!# ./# 1&7"1-%".+# .",+1-+%"'.+#
='",1-/%2."#!# +=+%"1-2%/."# %#1&+-%"-1-%!"# 1 ='!>+6!*!-"#!$!18%/.!2# ./#EGHIA# ='!"-!#+-#
K%'+="D18!2# 1&B$<# P"$5>-/-!-"# +-# ./(!-"# +,!-+'18!# ='+@",5'!# %&')5# 1&7"1-%".!-"# $/#
0!./.1+%!2# +-3"-# 1,">8!# !# 1&?!-!2# ./# 4'56"1-%+-+# 1/# '/$;>",/.!# +-# ./1# %# 8+.-"81-/# ./#
0+'*!'/."-+#./#./("-+#*.".!"#+-.+1.+#0!./.1+%!2#+-3"-#8/-+#@2>+A#/#."#1#@">#!$'/$2%/."#./#
+-,">.+#*.".!"#%&')5#-"$!#1&7"1-%".!#1,">8!.
!.$/2)/%(- 1/- +#!')('+')&(- %/- ($(.'*!%%&0- :!*B/'- %/- &%2&)&25/$%&0- :&%/%+!)-
!'4(', ).$C4(%-)-7!2&D%&0-&%2&)&25/$(%-:&%/%+!)-!'4('-1/-2(E%!+''/-"!-4$;-<==%,-
/$;@-!'-3FFGH-+-&1&+.)/%&0'/-%/-I(7$/B(%'/-1/-JJJK-
V#,+=&>.".!"#./#./(!-"#+-;+%+'.+1-!#!#,+8>/,%/."#1&;>/1.+#EIGA#+=!1/.!#=+-;+'"#%#'/$,">/#
„I-;+%+'.+1-!#./#+,!-+'/#$/#+,!-/#./#0!./.1+%#+-3"-“A#.!"#!$=&>.!)*"#='+@",5'!-"A#1&;>/1.+#
„Y8/$/.!2# +-.+1.+# !$'/$2%/."# ./# +,!-+'18+# *.".!"# %&%# %'&$8/# 1# ='!>/;/."-+# ./# ",!..!2#
"%'+="D18!# ">"8-'+.".# 0+'*/-# FKKKHJ# $/# 0!./.1+%!-"# +-3"-!# ./# ,'56"1-%/A# 3!!-+# @"..!#
8.!6/ 1/# ,+=51./-!# $/# -&';5%/."# ./# '";5>!'/.# =/$/'# %# K%'+="D18!2# 1&B$# FKGJ`# ./#
='+0"1!+./>./-/# +';/.!$/@!2# ./# '";!1-'!'/.!-"# +,!-+'!# %# N&>;/'!2A# R.1-!-5-/# ./#
,!=>+*!'/.!-"#"81="'--13"-+%+,!-">!#FR4KGJ“<#O"$!#='+@",5'!#8/1/2-#='+%"'8/#./#0+'*/
d
-/#!#
,/>!# 3"-!*/-/ +-# 3+%"8# 3/1-# ./# -+$!# ">"8-'+.".# 0+'*/-# 1&+-%"-1-%/# ./# +,!-!'/.!2#
!.,!%!,5/>".#0!./.1+%#+-3"-#!#!$'/$2%/."#./#1-/.+%!7"#=+#+-.+(".!"#./#1&+-%"-1-%!"-+#./#
">"8-'+..!2#0+'*/-#./#!.,!%!,5/>.!2#0!./.1+%#+-3"-#./#„EeG#f!,'/%>!8 Q4“#$/#;+,!./-/A#
$/%&'(%/7/# ./# 9:# ,"8"*%'!# 2022 ;+,!./A# ='!>+6".# %# ">"8-'+..!2# 0/D>#
„8945006HKOBVG13Z3L17-20221231-BG-SEP<zip“A# 1# !$!18%/.!2-/# ./# 4">";!'/.# P";>/*".-#
FKGJ#a[:gb\:c#./#L+*!1!2-/#+-#:_#,"8"*%'!#a[:\#;<#$/#,+=&>.".!"#./#4!'"8-!%/#a[[]b:[gbKI#
./#K%'+="D18!2#=/'>/*".-#!#./#G&%"-/#3'"$#'";5>/-+'.!#-").!3"18!#1-/.,/'-!#$/#+='",">2."-+#
./# ",!..!2# ">"8-'+.".# 0+'*/-# $/# +-3!-/."# F„P";>/*".-# $/# KKKH“J< V&$# +1.+%/# ./# -"$!#
7
!$!18%/.!2A# ">"8-'+..!2-# 0+'*/-# ./# !.,!%!,5/>.!2# 0!./.1+%# +-3"-A# %8>B3".# %# ;+,!(.!2#
!.,!%!,5/>".#+-3"- $/# ,"D.+1--/# =+#3><# :[[.A# /><# ]# +-# MCCZLA#-'2?%/# ,/# ?&,"#='",1-/%".# %#
hjklm#0+'*/-<#
P&8+%+,1-%+-+#./#4'56"1-%+-+#"#+-;+%+'.+#$/ ='!>/;/."-+#./#!$!18%/.!2-/#./#P";>/*".-/#$/#
KKKH#='!#!$;+-%2."#./#">"8-'+..!2#0+'*/-#./#!.,!%!,5/>.!2#0!./.1+%#+-3"-#%#hjklm<#
/("-+#1-/.+%!7"#"#1/*+#=+#+-.+(".!"#./#">"8-'+..!2#0+'*/-#./#!.,!%!,5/>.!2#0!./.1+%#
+-3"-A# ='!>+6".# %# ">"8-'+..!2# 0/D># „8945006HKOBVG13Z3L17-20221231-BG-SEP<zip“# !# ."#
+?)%/7/# ,'5;/-/# !.0+'*/@!2A# %8>B3"./# %# ;+,!(.!2# !.,!%!,5/>".# 0!./.1+%# +-3"-# $/#
,"D.+1--/#=+#3><#:[[.A#/><#]#+-#MCCZL<#
/# ?/$/-/# ./# !$%&'(".!-"# ='+@",5'!A# ./("-+# *.".!"# "A# 3"# ">"8-'+..!2-# 0+'*/-# ./#
!.,!%!,5/>.!2#0!./.1+% +-3"- ./#4'56"1-%+-+#$/#;+,!./-/A#$/%&'(%/7/#./#9:#,"8"*%'!#2022
;+,!./A#1&,&'6/7#1"#%#='!>+6".!2#">"8-'+.".#0/D>#„8945006HKOBVG13Z3L17-20221231-BG-
SEP<zip“A# "# !$;+-%".# %&%# %1!38!# 1&7"1-%".!# /1="8-!# %# 1&+-%"-1-%!"# 1# !$!18%/.!2-/# ./#
P";>/*".-/#$/#KKKH.
!.$/2)/%( +#7$/+%! 4$;-<=-!'-I(7$/B(%'->JL?-M-NAOPQ=<@ )#)-)*#1./-+-4$;-NR-!'-3/.!%/-1/-
%(1/)&+&B&0-:&%/%+!)-!2&'
G&;>/1.+# !$!18%/.!2-/# ./# M/8+./# $/# ."$/%!1!*!2# 0!./.1+%# +,!-# %&%# %'&$8/# 1# 3><# :[# +-#
P";>/*".-#FKGJ#n#c9_ba[:]A#.!"#,+8>/,%/*"#,+=&>.!-">.+#!#!$>+6"./-/#=+-,+>5#!.0+'*/@!2T
- I,!-# – L+'"8-# II4# " ./$./3".+ $/# $/,&>6!-">". +,!-+' ./# 0!./.1+%!2 +-3"-# ./# EeG#
f!,'/%>!8 Q4# $/# ;+,!./-/A# $/%&'(!>/# ./# 9:# ,"8"*%'!# 2022 ;<# +-# +?7+-+# 1&?'/.!"# ./#
/8@!+."'!-", ='+%",".+#./#19.05.2022 $/#="'!+, +-#",./#;+,!./.
- I,!-&-# ./# 0!./.1+%!-" +-3"-!# $/# ;+,!./-/A# $/%&'(!>/# ./# 9:# ,"8"*%'!# 2022 ;<# ./#
4'56"1-%+-+ ='",1-/%>2%/# 3"-%&'-/ =+'",./# ;+,!./# ./# ."='"8&1./-# /.;/6!*".-# $/#
$/,&>6!-">".#+,!-#./#-+%/#='",='!2-!"A#!$%&'(".#+-#./1.
- C+-%&'6,/%/*"A# 3"# !$'/$".+-+# +-# ./1# 1&%*"1-.+ +,!-+'18+# *.".!"# "# %# 1&+-%"-1-%!"# 1#
,+=&>.!-">.!2# ,+8>/,A# ='",1-/%".# ./# +,!-.!2# 8+*!-"-# ./# 4'56"1-%+-+A# 1&;>/1.+#
!$!18%/.!2-/#./#3><#^[#+- M/8+./#$/#."$/%!1!*!2#0!./.1+%#+,!-<
- C+-%&'6,/%/*"A# 3"# ."# 1*"# ='",+1-/%2>!# =+1+3".!-"# %# 3><# ^]# +-# M/8+./# $/ ."$/%!1!*!2#
0!./.1+%#+,!-#$/?'/.".!#51>5;!#!$%&.#+,!-/<
- C+-%&'6,/%/*"A#3"#='!#!$%&'(%/."-+#./#+,!-/#1*"#$/=/$!>!#1%+2-/#."$/%!1!*+1-#1='2*+
4'56"1-%+-+.
- M/#="'!+,/A#$/#8+D-+#1"#+-./12 !$%&'(".!2#+-#./1#$/,&>6!-">".#+,!-A#+1%".#+,!-/A#.!"#."#
1*"#='",+1-/%!>! 51>5;!#./#4'56"1-%+-+A#8+!-+ ."#1/#=+1+3".!#%#,+8>/,/#$/#,"D.+1--/#!>!#
0!./.1+%!2 +-3"-#./#4'56"1-%+-+<
16 */'- 2023 ;<
Ðîñèöà Òðè÷êîâà
Óïðàâëÿâàù ñúäðóæíèê
Ðåãèñòðèðàí îäèòîð îòãîâîðåí çà îäèòà, ¹0091
Îäèò Êîðåêò ÎÎÄ
Îäèòîðñêî äðóæåñòâî ðåã. ¹ 064
G+0!2#::^]A#5><#V!(."%/#n#:a
(+359) 898 9 7777 9
rosi.trichkova@auditcorrect.com
www.auditcorrect.com
Rositsa
Metodieva
Trichkova
Digitally signed by
Rositsa Metodieva
Trichkova
Date: 2023.03.16
08:07:41 +02'00'
1
!"#$%$&'()*+),#.)100-/)$#.)4/)2.)3)+2)5$"+-$)6$)
*78#',-+2+)*%!9#$:$-!)-$)&!--')"-';$
<
=>?@<ABC@DB A=
EFG)H'9%$I#'")=
!."#$%$&'() 6100, *'."#+%'+,*-"68
+#7*+9*'J$-$2$K
/+012$" 345+,147$" 9!1:)+7$;" 7" )$:4057+5+" <1" &$" *=!$7154'" &$" +,15+!0)+" ,!*>4057+"
?,15"– #+!4)5"??@;"AB#"CDCECFGHC;"0(0"04,$'1I4"1"$,!40"&$"*=!$7'4&14J"K!."L+M1N;"
*'."O1P&47$"CD"1" 7" )$:4057+5+" <1" &$"!4K105!1!$&" +,15+!" Q0"!4K." RGGFC" +5" !4K105(!$"
=!1"B@AL"=+":'."DG"+5"S$)+&$"%$"&4%$7101<1N"M1&$&0+7"+,15T;"+5K+7+!4&"%$"+,15+!0)1N"
$&K$>1<4&5"+5"1<45+"&$"+,15+!0)+5+",!*>4057+"?,15"– #+!4)5"??@"Q0"!4K."R"G6U"+5"
!4K105(!$"=!1"B@AL"=+":'."DG"+5"S$)+&$"%$"&4%$7101<1N"M1&$&0+7"+,15T;",4)'$!1!$<":4
?,15+!0)+",!*>4057+"?,15"– #+!4)5"??@"V4P4"$&K$>1!$&+",$"1%7(!P1"%$,('>154'4&"
M1&$&0+7 +,15" &$" 1&,171,*$'&1N M1&$&0+7" +5:45" &$" 3WL" X1,!$7'1)" Y@ %$" 2022 K.,
0(05$74&"7"0(+574505714"0"34>,*&$!+,&154"05$&,$!51"%$"M1&$&0+7+"+5:15$&4"Q3LZ?T;"
=!1451"+5"A7!+=4-0)1N"0([%"QALT.
G) -$J2+(L!2+) 79+J2+I!%(I$M!/) ,!) "$"2+) !) 9+"#$9I$-+) I) '69$9!-'() +2) -$J)
+9'2+%J"') 9+"#$9 +2-+J-+) '-9'I'97$#-'() :+9'N!- O'-$-J+I) +2,!2) -$) EFG)
H'9%$I#'")= P„ %7;!J2I+2+“Q)6$)2022 :./)'69$9!-)-$)16 M$%2 2023 :.K
1.)R#.)100-/)$#.)4/)2.)3/)87"I$)„$“)<9'2+%J"+)M-!-'!K)\+"&$P4"<&4&14;"=!1'+>4&1N5"
1&,171,*$'4&"K+,1P4&"M1&$&0+7"+5:45",$7$"7N!&$"1":405&$"=!4,05$7$"%$"M1&$&0+7+5+"
0(05+N&14"&$"@!*>4057+5+ )(<"HC."@4)4<7!1"2022 K.;"&4K+7154"M1&$&0+71"!4%*'5$51"+5"
2
,4-&+055$"1"=$!1:&154"<*""=+5+21"%$"K+,1&$5$;"%$7(!P7$I$"&$"5$%1",$5$;"7"0(+574505714"
0"34>,*&$!+,&154"05$&,$!51"%$"M1&$&0+7+"+5:15$&4;"=!1451"+5"A7!+=4-0)1N 0([%.
S.) R#. 100-/ $#.) 4/)2.) 3/) 87"I$ „8“) +2) @-O+%M$&'() +2-+J-+) J9!#"'2! JTJ) JIT%6$-')
#'&$. B&M+!<$21N" +5&+0&+" 0,4')154 0(0" 07(!%$&1" '12$" 4" &$,'4>&+" +=+74054&$" 7"
]4'4>)$"C"&$"!$%,4'"„@!*K1"+=+7405N7$&1N“ )(< K+,1P&1N M1&$&0+7"+5:45. ^$"V$%$"&$"
1%7(!P4&154"+5"&$0"+,15+!0)1"=!+24,*!1"7(!_*"0,4')154"0(0"07(!%$&1"'12$")$5+":$05"
+5" &$P1N" +,15" &$" K+,1P&1N" M1&$&0+7 +5:45" )$5+" 2N'+;" &4" 0$" &1" 05$&$'1" 1%7405&1"
M$)51;"+V05+N54'057$"1'1",!*K$"1&M+!<$21N;"&$"V$%$"&$")+15+",$"&$=!$71<"%$)'[:4&14;"
:4"0,4')154"0(0"07(!%$&1"'12$"&4"0$ +=+74054&1"7"=!1'+>4&1N 1&,171,*$'4&"K+,1P4&"
M1&$&0+7" +5:45" %$" K+,1&$5$;" %$7(!P7$I$" &$" HC" ,4)4<7!1" 2022 K.;" 7(7" 701:)1"
0(I40574&1" $0=4)51;" 7" 0(+574505714" 0" 1%10)7$&1N5$" &$" 3LL" DU" „?=+7405N7$&4" &$"
07(!%$&1" '12$“." /4%*'5$5154" +5" &$P154" +,15+!0)1" =!+24,*!1" 7(!_*" 0,4')154 0(0"
07(!%$&1" '12$" 0$" !$%K'4,$&1" +5" &$0" 7" )+&54)05$" &$" M+!<1!$&45+" &$" &$P45+" <&4&14"
+5&+0&+"K+,1P&1N"M1&$&0+7 +5:45")$5+"2N'+;"$"&4"0"24'"1%!$%N7$&4"&$"+5,4'&+"<&4&14"
7(!_*"0,4')154"0(0"07(!%$&1"'12$.
3.) R#.) 100-/) $#.) 4/)2.) 3/) 8.)„I”) @-O+%M$&'(/)+2-$J(L$)J!) 9+) JTL!J2I!-'2!) J9!#"'.)
^$P154" +5K+7+!&+051" %$" +,15" &$" 1&,171,*$'&1N" K+,1P4& M1&$&0+7 +5:45" )$5+" 2N'+;"
+=10$&1" 7" !$%,4'$" &$" &$P1N" ,+)'$," „?5K+7+!&+051" &$" +,15+!$" %$" +,15$" &$ K+,1P&1N"
M1&$&0+7 +5:45“;" 7)'[:7$5" +24&N7$&4" ,$'1" 1&,171,*$'&1N5" K+,1P4& M1&$&0+7" +5:45"
=!4,05$7N" 0(I40574&154" 0,4')1" 1" 0(V151N" =+" &$:1&;" )+-5+" =+051K$" ,+05+74!&+"
=!4,05$7N&4."^$"V$%$"&$"1%7(!P4&154"+5"&$0"+,15+!0)1"=!+24,*!1"7(!_*"0(I40574&154"
0,4')1;" +0&+7+=+'$K$I1" %$" 1&,171,*$'&1N K+,1P4& M1&$&0+7 +5:45" %$" K+,1&$5$;"
%$7(!P7$I$" &$" HC" ,4)4<7!1" 2022 K., &4" 0$" &1" 05$&$'1" 1%7405&1" M$)51;" +V05+N54'057$"
1'1",!*K$"1&M+!<$21N;"&$"V$%$"&$")+15+",$"&$=!$71<"%$)'[:4&14;":4"0$"&$'124"0'*:$1"
&$" 0(I40574&+" &4,+05+74!&+" =!4,05$7N&4" 1" +=+7405N7$&4" 7" 0(+574505714" 0"
=!1'+>1<154" 1%10)7$&1N" &$" 3LZ?;" =!1451" +5" A7!+=4-0)1N" 0([%." /4%*'5$5154" +5"
&$P154" +,15+!0)1" =!+24,*!1" 7(!_*" 0(I40574&154" %$" 1&,171,*$'&1N K+,1P4&
M1&$&0+7"+5:45"0,4')1"1"0(V151N"&$"@!*>4057+5+"0$"!$%K'4,$&1"+5"&$0"7")+&54)05$"&$"
M+!<1!$&45+"&$"&$P45+"<&4&14"+5&+0&+"1&,171,*$'&1N K+,1P4& M1&$&0+7 +5:45")$5+"
2N'+;"$"&4"0"24'"1%!$%N7$&4"&$"+5,4'&+"<&4&14"7(!_*"54%1"0(I40574&1"0,4')1.
`,+05+74!N7$&1N5$;" &$=!$74&1" 0" &$05+NI$5$" ,4)'$!$21N;" 0'4,7$" ,$" 04" !$%K'4>,$5"
4,1&0574&+" 1" 0$<+" 7" )+&54)05$" &$" 1%,$,4&1N" +5" &$0" +,15+!0)1" ,+)'$," 7" !4%*'5$5" &$"
3
1%7(!P4&1N" &4%$7101<"M1&$&0+7" +,15" &$" 1&,171,*$'&1N K+,1P4& M1&$&0+7" +5:45" &$"
3WL"X1,!$7'1)"Y@"%$"+5:45&1N"=4!1+,;"%$7(!P7$I"&$"HC",4)4<7!1"2022 K.;"0 ,$5$5$"&$"
+,15+!0)1",+)'$,""16 <$!5 2022 K."^$05+NI$5$",4)'$!$21N"4"=!4,&$%&$:4&$"4,1&0574&+"
%$" =+0+:4&1N" =+-K+!4" $,!40$5" 1" 4" 1%K+574&$" 4,1&0574&+" 1" 0$<+" 7" 1%=('&4&14" &$"
1%10)7$&1N5$" &$" :'." CGG&;" $'." U;" 5." H" +5" S$)+&$" %$" =*V'1:&+5+" =!4,'$K$&4" &$" 24&&1"
)&1>$"1"&4"0'4,7$",$"04"=!14<$")$5+"%$<4057$I$"&$P154"%$)'[:4&1N;"0(,(!>$I1 04"7"
1%,$,4&1N" +5" &$0" +,15+!0)1" ,+)'$," +5" 16 <$!5 2023 K." =+" +5&+P4&14" &$" 7(=!+0154;"
+V_7$&$51"+5":'."CGG&;"5."H"+5"S$)+&$"%$"=*V'1:&+5+"=!4,'$K$&4"&$"24&&1")&1>$.
„ !"#$– %&'()#“$ *,$+$064
1164 !"#$%, &'. ($)*+-/ 0 12
3"5$7/ 89$:;"-/,
<=9/-$>+'
3+?$5>9$9/* "@$>"9, ">?"-"9+* A/ "@$>/
L+M1N;"16 <$!5 2023 K.
Rositsa
Metodieva
Trichkova
Digitally signed by
Rositsa Metodieva
Trichkova
Date: 2023.03.16
08:09:38 +02'00'