Contents
$
Page
8650$18$
217176
03257$176$7,16758&7,216
17528&7,21
$ERXW7KLV0DQXDO
7UDGH DUN&UHGLWV
$ERXW6RIWZDUH
$735&$87,216
$ERXWWKH6\ Erov
$735&$87,216FRQWLQXHG
RQRWSODFHDQ\REMHFWVRQWRSRIWKHXQLW
$87,21
35&$87,216
OHDQLQJDQG0DLQWHQDQFH
$%2873/$60$,63/$3$1
DJH5HWHQWLRQRI3ODV DLVSOD\
KDUDFWHULVWLFVRI, DJH5HWHQWLRQ
0HWKRGWR5HGXFH, DJH5HWHQWLRQ
$%2873/$60$,63/$3$1/&RQWLQXHG
2WKHU&R RQ&KDUDFWHULVWLFVRI3ODV DLVSOD\3DQHOV
WKH\DUHQRWPDOIXQFWLRQV
7KHUHVLGXDOLPDJHZLOOGLVDSSHDURQLWVRZQ
48,&. 67$57 *8
6XSSOLHG $FFHVVRULHV LQFOXGLQJ RSWLRQ
Rqqhfwlrq
48,&.67$57*8,&RQWLQXHG
6ZLWFK2Q
$XWR7XQLQJ/DQJXDJH6HOHFWLRQ DQG
2032117 1$06
5HDU 3DQHO
Rqwuro 3DQHO LQFOXGLQJ URQW ,QSXW
20321171$06&RQWLQXHG
5H RWH&RQWURO
353$5$7,21
DXWLRQ KHQ0RYLQJWKH0DLQ8QLW
2SHQWKHEDWWHU\FR Sduw HQWFRYHU
,QVWDOOWKHEDWWHULHV
353$5$7,21 FRQWLQXHG
$QWL 7X
EOH 0HDVXUHV
6HFXULQJ WR D ZDOO RU SLOODU
211&7,21
7HU
5HDU
Urqw
211&7,21FRQWLQXHG
&RQQHFWLQJWRWHUQDOTXLS HQW
287DPSOH@
RQQHFWLQJ3URFHGXUHFRQWLQXHG
,QIRUPDWLRQ
&RQQHFWLQJWKHSOXJLQWRWKHZDOOVRFNHW
+HDGSKRQH
6SHDNHUVRSWLRQ
6WHS6HFXUHWKHSRZHUFRUG
6WHS6HFXUHDOOFDEOHV
7RXQIDVWHQ
QRE
$6,&235$7,21
3RZHU2Q2II
7RWXUQ2QWKHSRZHURIWKHXQLW
7RWXUQ2IIWKHSRZHURIWKHXQLW
$6,&235$7,21FRQWLQXHG 9ROX H832
0XWH
0XWHEXWWRQ 9ROXPH8SRZQEXWWRQ
7KH9ROXPH,QGLFDWRU
QSXW6LJQDO6FUHHQLVSOD\
796783235$7,21
+RZWRXVHWKH2Q6FUHHQLVSOD\26V\VWH
6HOHFW/DQJXDJH
%DVLF2SHUDWLRQ
796783235$7,21FRQWLQXHG
0DLQ0HQX/LVW
QVWDOOLQJDQG6HWWLQJ&KDQQHOV
$XWR7XQLQJ
0DQXDO7XQLQJ
QVWDOOLQJDQG6HWWLQJ&KDQQHOVFRQWLQXHG
KDQQHO6HOHFWLRQV
3LFWXUH6HWWLQJ
3LFWXUH6HWWLQJFRQWLQXHG
$ERXWLOP0RGH
HTXLSPHQWGLVSOD\V¿QHKRULRQWDOVWUHDNOLQHV
$XGLR6HWWLQJ
$XGLR6ZLWFKLQJ79
$06RXQG0XOWLSOHLQFOXGLQJ$79 RGH
LOLQJXDOXDO6RXQG%URDGFDVW
6WHUHR%URDGFDVW
$9%URDGFDVW6LJQDO6HWWLQJ
\VWHP
RORU
\VWHP
$GMXVW HQW6HWWLQJ
UR 6HWXS0HQX5*%
$GMXVW HQW6HWWLQJFRQWLQXHG
UR 3LFWXUH0HQX5*%
$ERXW7HOHWHW
KDWLV´7HOHWHWµ
6HOHFW7HOHWHW/DQJXDJH
7HOHWHW/DQJXDJH
$ERXW7HOHWHWFRQWLQXHG
+RZWR2SHUDWHWKH7HOHWHW
,QIRUPDWLRQ
2WKHU
ODFN6LGH3DQHO3DQHO0RGH
ODFN6LGH3DQHO
3DQHO0RGH
81&7,21
6LH6ZLWFKLQJ
79$9VLJQDOLQSXW=220EXWWRQ LVSOD\6LH
81&7,21FRQWLQXHG
6LH6ZLWFKLQJFRQWLQXHG
79$9VLJQDOLQSXWFRQWLQXHG 3RVLWLRQ$GMXVW HQW
HIDXOW6HWWLQJLQ79 RGH
8VLQJDZLGHVFUHHQWHOHYLVLRQ
%VLJQDOLQSXW LVSOD\6LH
Qsxw VLJQDO
Lufxodu GLVSOD\
0XOWL3LFWXUH0RGH
$FWLYDWHLQ79$9+0,0RGH
7DEOH0LDQG²0DWFKRIWKH,QSXW0RGHV
RXFDQZDWFKWZRGLIIHUHQWSLFWXUHVVLGHE\VLGH
0XOWL3LFWXUH0RGHFRQWLQXHG
$FWLYDWHLQ5*%0RGH
7RVKLIWWKHVSHDNHULFRQ SUHVV EXWWRQ
3LFWXUHUHHLQJ
3RZHU6DYH0RGH
KHQ79LQSXWLVVHOHFWHG
KHQ$9LQSXWLVVHOHFWHG
KHQ5*%LQSXWLVVHOHFWHG
81&7,21 FRQWLQXHG 3OD\HU 67% 6HOHFWLRQ
6HW XS
´9µ 6HOHFWLRQ
´67%µ6HOHFWLRQ
7528%/6+227,1
KHQ ROORZLQJ 0HVVDJHV $SSHDU RQ WKH 6FUHHQ
SWR
7528%/6+227,1*FRQWLQXHG
\ SWR DQG&KHFN/LVWFRQWLQXHG
3528&763&,,&$7,216
63&,,&$7,21
3528&763&,,&$7,216FRQWLQXHG
6LJQDO,QSXW
%WHU LQDOVXESLQFRQQHFWRU
LQSXWFRQQHFWRUSLQVSHFLÀFDWLRQV
3528&7 63&,,&$7,216 FRQWLQXHG
5HFR Hqghg 6LJQDO /LVW
LWK 5*% LQSXW
LWK0XOWL3LFWXUHXQFWLRQ
45