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