„საქართველოს ეროვნული ბანკის 2012 წლის წლიური ანგარიში"
📋 განხილვის ეტაპები
ინიციირებული ვარიანტი
სხდომაზე განსახილველი პროექტი
✓ 82 ✗ 5
საქართველოს პარლამენტის დადგენილება
📅 დამატებითი ინფორმაცია
ბიუროზე განხილვის თარიღი 2013-05-15
ბიუროს ნომერი 57
📜 ტექსტი
ანგარიში
ノ%´ こ /̀
boJo6or3gqcob g6co36Xqro do63o
National Bank of Georgia
′´
9多加
多―ク
ノ′―′′̲′ ,/J
tlr jr6ot3gq,erb Jr6q,r836goLr
orr3OaqxnO,:63b
aro('}6 Qr3ooubflBrB3oq,b
し
｀
♪ D30暉 0し 06h350Q?oい 53。 し2012,(3っ り6o
̀
6 oし 03bb゛
Jち 、
V
br6o6rn qr,:3oor,
,,1r.:js6or39q,r'rU g6rn36pq,o Or6gob tspUrbgb" [r,rJ:6or3gq,r'il o66u6gq,o 3r6rn6ol-r
09-60 Ogbq,ob 0g-2 Jg6i6obr qrr 5l-9 Ogbq,olt aX-6 Jp6igob orr6rb0sqr, gr66r'r6oq.o6g6or
brj,l6or3gq,erb g6r'r36gq,o bl63ob brblerL 0o96 qrr063o6xbgqr lrjstcroggq,r'rt-r x6r'rgbgq,o
br63oU 2012 $q,ob $q,op6 s66,r6oBlt 0glr.>br0olr 6r53r6r6gq,gbtborr6 g6orrp.
qrs6.r6on: 227 gg66gq,o.
JuSo3ob6g0oor,
6oer6go jrqgr6odg
56r'r36pq,o 0r63ob
しゝ0さ
O130qnし )òqsao66nし bOòoこ Ⅲ
∬T
¨
"
0114/Φ &、 でobo/bo63o6ob 2/oOで :2406406,2406120/8o」 bO:2406577/四
｀
̀mリ
ヮ習
ン
]3
2″
師
0̲̲
3obO,b島 @nbg gov ge/3090:20410484
2 Sanapiro str/口 ,ihsi 0114/Te1 2406 406,2406120/Fax:2406577/E― mail infO@nbg gOv ge/code:20410484
―
n
ヽ
20410481
LoJ。 60oORml
o
6ふ 63ふ
86■ 興。あ630も b。 ふ
30b
R333
3■
翌13快 P。 し2986oで o
NOエ
lsj.:6cr6gq,olr g6og6gqro br63oU 2012 gqnb
ggc,"J6o r5u6o0ob
A,rSOBoOC0ob ACLrbib
agtrUgA" b.:j.r6o4gqrob o66r6gqo
C6t'r3&Aq,cl_
f,{31fr.
316o6olr
^ "ltj,:t6o69q,r.rL
a9-9
ap\otr "9" &36jgoL ogrsaraUsq,
,6.e9q;
.tq.o6gEb:
rqroqirc;
ffi;bT;;_
qCbq,o l. qg.fggo6qrglr qgl
Jrt6q,,:096gb gs6gqr6o6eilr [,rjrr6o39q,9tr
_lrrCs6qgCqc.rlr
- ""
9{!o36gqn 6.:6gob 2Ol2 gq'ou gq(U6,niO6rOn[n.
acuqeo z. cb 0r6Jr66ugc0s,foj0Sqqgb bgq,0r,rggr6obo:r6r36.
ζ
8:ヽ
乱
nb J
b$jolr orr301qrr0,:6g
多夕 δハOL̲′
i!)l鷲
..
6oo66o」 。
Q6600o
=,
ヽ
゛
●
b.ljt6co3Cqob g6rngbgq,o bl63o
$q'og6o l65t6otso
V
2012 $Cq"
︐
４
Ur6Bg3o
t.l
al369r'r3ofinao3gdn 6rdtg0cr
aur'rtsq,orr CJo6o6oJs
6o6<'16o396o tr6qu
tts0o0b0.:6gbqxr grbC8ob GAq,oq,CbJ
｀oΨ弱030o0555b● 0
1.4 し
1.5 tt6.:t6go balgrt5o qrs lr.:6rqr.rlsfu3q,cr 6rq'.:6lro .....
1.2
1.3
2.1 ggq,.>p l$36geooflr &rq,oooJr............................
2.2 ggq,rqr b.r36cG,ooo Joq,oooJoL o6bo6Uac6ocbo .......,..........
2.2.1 6Xgodr6Lto6SbobltSltbS\o
2.2.2 3r6oryryo,:6o b2bbX6o g,.t Ktfiobo1Jbo
2.2-3 g;'ttot6ojo9,>ggp6o
2.2.4 ao6o0;g*Xr6o lt,tt6XbXt5ga &w>betgfu6o..
2.3 tr.>arq-J6t+ &K'.Oo3.: pr Lsg6or.:tso6oln t63tg63xbctr 0.16o6.>
jフ
″ ″
3.1 JrJoOrqDU t(,&]3roU6('lbotJ l$C6o)ra(,6oll('l tr6r6q,r66Cbo,r6 6gu\,ogb.r......................................64
3.2 tt0.>53o bAlJo6ol.r {iolr3gbo
3.2.1 AgqabXqoaoblgtiAj[A4;
3.2.2 lbgt62qn1a 6obo
3.2.3 gngognbob 6obSo
3.2.4 btbobt*,t r6ob3o
3.2-5 l)r"rlC6rAoo6oluo
3.2.6 bs&;fuoLnQ)7Oobd<,tAACAos6ob.
3.2.7 J,tlo')<nb )q,Afr)OCt6abs........................
............_............. 84
3.3 dodb0r636gq,or Utsq,CbCbob erggr..................................
２
４ ４ ４
4.1 l$q.o.)teBCAo trBrt6ct.........
３
４
........................................... 99
tsJror6o Crerqp3AoU 0.>116o...............
bb3.: go6rtrrgt6o ofl11oOUOC&' .........................
............._..............................
lro6gn6AJ6cm Od6r'{,sr6oCbol, bl60oorld,Cbr ..... ...
99
107
...........11E
２
２ ３ ４
５ ６ ７ ８ ９ Ю Ｈ ｌ ︲ ︲
t-tSgbLcxr l-CCaCbo.....
l$3Ch-LcgAdln') lrs8C8rr,rgbou s66r6o$J0o.)
Ulr)gr,cd)(,xroJ い ヽ
lrrCvt %Cqx'ir CfxBECq,o br6Jdr 拇 緻 D曖
"いⅢ… Fll宅 り5じ…o66し 3Ы5σ Bo
6arar)As0ofl>trrayr,oq,cbd,q3o 6t$ou
tr6.:Ool$oJCdrl brd0or6s,bJ
6rftoo$r6gbr
.............132
Br616o130o
Bs6y6crn N 1 Jtftr66rr$ot63bou> q,r A('t60dy+Jq'o ,l(')qr,ooJob r6rq'c,t,(.)lr tmt66A.> 6PAS) ...... ......................44
eorA6rACbo
Qorb6rAr N 1.1 0orq,o.r6o tsoqr.> Jt6<rqrg$6rfu 69,:ql36o b6(r atxngq,cx.rtso
qnrb6Jar N 1.2 obgq'.:6o.:
qn>6t6.:a.r N 1.3 aoq'or6o qrs [tb.>txr fuSritortr qrr C6C66oa,:6.rfuAq1bou
6115309) ofuq.go3Ao (2008q9or6t6.:6r N 1.4 oSJo6Oo6CACq'o q,r sq6oqnbriqo Urjobqnlj o6gq,6o.: .....
.............23
qnr66r0c N 1.5 gslr<xr\n qrr J6€J35o6J(r, U.>jo6qrfu g.)UC6oU o6qg[.r qrr6r6o3.r 2011=lOO ...............24
(gor66rAJ N I .6 SqrlUCn o6Bq'rgmb aragOg\'g0ob 63q,oq'C0r btlarAibb6r br6A6dq,qo6oU dob0r63Artu
qns66rdr N 1.7 6s31on 0og166olr br6.rqr.i$brex'l E3&d$3q'CA<l (,r Aron o,s6rg.>r6qro6.: ddJ-orr6 .............27
qnrb6lar N 1.8 6JCd)oro boUXCOob Ur6rAJ$breo 396ott3q,3bo lr.>bgbolr Oobgp3oor 2012 S3q,o ...............27
q,orb6sal N 1.9 6JC6olc,bogXCOoU bJGXCbo (,J aJon oDSrgJ6eerbr OdJ-or:6..............-..................................28
qnr6t6rar N 1-f0 6rCd,on Ac{JXCOob &<',i$b(rCq,CAoU I\)F}JCOU(5r,2012 9gq,o.............................................28
qnJ66DaJ N 1.11 6JC6crn
q,J aaJ-orJ6 oJ6Jg,:tvr(x'lbJ..-........................................,..,......29
qns66r0.r N 1.12 Lrbgq,a$ogo 3.:qrr pJ AAJ-c,,r6 ts!6,(x,ar (1998-2012 gS.) ...
...................30
q,oJ66rAJ N 1.13 AoA(r,6.>6C r6brdnAou eCBoOoOo ............
................. 30
('or66Jar N 1.14 OU6o$AoL Af*m6o p.) 04.11600.............
∞ ω 66 s N l 15 0o00o6蝸 0● 5ぃ 6DO
35X000δ ∞ こ∽δ5
.............31
つＯ
(ruA6rAr N l.16 ffiqrr6J63 rE0r6otsclr aCScAoOob qrrBo6rnJCAob $g56<'rCbo $Ao6q.: (g.6qx,rbr ffiJ-lrors6)
ｔＪ
qn.>66.>0r N 1.17 gdrb3oq,glrl L.)el$crt56o lr.>lljo6q,o 169330o 2011-2012 ffi.
po.>66r0r N 1.18 brjr6o63qxrU g0lrb3oq,Clr bJ3r$6rn $666orldrr #gg6X6o ftldo66ob 0obgp3oor..........36
por66sdr N 1.19 gaub3oq'3uo l$oAJcrt64p lr.>jo\,oL a<'r6gqx'rbob eo6r4oJr..................................................37
(,or06ral N 120 l$dn6oACqxrL UaubAoqfto l-r.r3rlrrm J.666cx'r5o &3g6Cbo oAJod)OoU 0ob3q6oor............38
ぃ 6■ 05N22∞ Ⅲ ヽoOob
申 緻ヽ ぉぃ,20
５
っ ４
qrD66sar N 2.1 Ar6g6r)6rJqn &rqr\)o3ou 6r6ugSorr qr.; 0oryrt6o o6gqr.>6or...............................................39
‑2012"
e,orb6ra,5 N 2.3 bJ6Jo[0t'r6oth qrgJobo6C0ou
eoJb6sAJ N 2.4l$Jtem3gfuo 5,:6.lg5or3bol,r ag6g3<'rbr (1-o4o$o l$r6qt66gq,o 6rqrrbr6.r) .........................,16
qn>6t6rdr N 2.5 br63oD&'rt6oln ggqr.:qn Ar$6rtr qr6rao3r
ま｀℃゛い 6● 533rm60… ………………………………47
でぃ岬 sN260m 0し 8 055♪ ぃ0マ 曲 oし う
qru66iAr N 2.7 0Cactb.>3q,or6<,r6ou UJ6,Jeo Jogo6o3ob gr6.r339orot.r6 A3q-orfrg0oo,
∞ 。も 6m。 N 2.11 Ui!.oCerk Ocr h66oBoJr6COoL
０
∞ 0。 66錮 。N 2.9 ttsb,r$o6r'r grln$o Crerq't{,Cbou 6rAo,gbo qrs lDtsgsqx.r 3r(,oJ&'rbr
や 。う66調 。N 2.10 fugo'6s6lto6Cbou bCLbCOctu &r33qrrbr 2010 12 SqIBAo
９
qloJb6.)As N 2.8 lrrbJbo6o g.:trr.r6o j.>q?.)q,l'\C6ob (,J Ur(,CJs!.boOo bC6OoBoJJOCboU EJtsorCbou eobJaoJr
1999‑2012,qP00υ 。
52
Jm6ggSq,ob 0<n6gqrrbr 2010-12 9qgbo..........................54
´
０
５
Wい 66Ю 5 N 2.12 2012 $Xq,U ttcb.ltoEo 3.rq,q60gq,gb36olrc qr.> lrb.>bo6cr obq,o6rgogbolr Jrl6O8Cq,o........55
R満 しo06501D352∞ 32m2腱 J。 …
"oヽ33tf[olr 036g3obr
９
５
N215噛 ゃ
９
５
90。 66Ю 5
８
５
∞ 0。 66Ю δN 2.13 03o6,>q-oo b.:tr6ob po6r&r3r.....
い 6Fぬ 05 N 2. 1 4 t$6CtCfBre 6<'r60s 6.ff96o 3rq-oor&'r0otr 6obgq6oor
、N 2.17 q,>6ob ogo6orqpJ6x, 6.!G3q,ooro 3,36lro rtsil qx'rq'r6r,U 061A169.)
"oo66幻
0●
6o6o6sq56ro CBfijOCFn Ar$q,ooro 3g6Ugbou o6qgdlrC}" (CC.l.
∞ 66Ю δN 2.18 qr.:6ott 69.rq16o
０
６
∞ い 06錮 5 N 2.16 6.:6qnon
qt
2∞ ■ lCXl)
ぃ
もら as N 2 19響 知
U60し鸞 9｀ 山 p嗽 ン ∞ い 0事 お い 、 Ⅲ 058805m― )… … … … … … … … … … 62
qnr6tlr0r N 3.1 0oqns6o
"ぺ trirXUbtn Jc6otsCq,ob (r,6JaoJj
qr)J66iAr N 3.2 l$J6,C(rO('l &6otscq,ou oAoU ED6tugqxrbJtso 6.t9agq, tr3bbCoS3 urtugbgq,o tsagrqm
Ag$<'t6oq,o l$Jdxr6366r'r 6.:6r339on lrg6A5fug0ob Aob3q,3oor (6.>63or.>tso6olro l5Ubg6olr 6.>6qr) ... .................67
86oOJ0060bぃ 口
∞ ∞ 6開 oN33鳴 中
ぃ
(欄
oN34b■
b■
Ob
a゛ qn e553い ち'OT♪
Ψ 。
sN35 0̲5o
̀
Ы
jaα率 湖 5め6o3cRo
♂む減
ぅぃ60も
団 03●
Obbo蒟 60ぃ コ'Ob
R。 い
い
。中
い い B面 マ出 o… … 69
もobb脚 5型 635oし
０
７
qゅも
０
７
"0い
∞oも 650s N 3 6 bObb060b 8500,065∞ ぅo00Q゛ 。……………………
71
∞い06505N37 yhbΨ 00。 6oo」 Oo3060… …………………………
∞
錮
sN38o、
0よ
り
6●
5…
…
Ψ ´
30 ゛隈
qrrJ66rAJ N 3.9 qr,J0oqg6n rj6r690otr qm6g-................
∞ ∞ 66Ю δN 310 033喫 0。 Ob 3m田 。00J喝 ● 03● 暉 30060b00b理 3α 〕 2012,3Tb… …… … … … … … … … 72
cBdOoo,
,.
ゃぃ0 お N311中 甲 bЫ 」∞3o:1咽 0000」0■ o60b O由 電
｀ 1… o3ミ ややりΨ゛い 573
N312ぃ 喫 86。
｀い し
0o● 。
0た 政党い
… 201● 12ぃ ……………………73
^お
0000甲
幻sN3133ヽ ややりで●‑Ob
ぃ ●
74
o60じ 史,」 oo65
qor665ar N 3.14 Jq,oC6OC6ol., (oCJ(.lqbooCbo
74
(r,rb6rAr N 3.15 s6r6C'boeC6OCboU eCJoqbooCboLr goq,o
ObUoOま bo65(2012,ぃ ∞醐
Qω 66Ю o N 316s6● 60509050060b"が いも
75
〆お)
76
qrt>6610r N 3.17 aoryor6o lr3bb30ob Aggtr6qrgAs
"゛y+Dlrr8r63o q,Cdolbo000drs6.......-......... ........--.-..-.-.-...-..........76
qrto66.:ar N 3.18 lsB.ry,r6l$ q,r J6CAbooro b€rqICO{'l &,rboooCbo lribC(,rabCqg0qx'l
3.:Jo6rq,orr6 ..........78
qr,J06rra! N 3.19 U$6,g$C6O(, bitJoror)b rdoogCboo,
Arq\,CoUq,CaCOob brq,DBr63r
q,oo.r66r0r N 3.20 2012 $q'olr lso3Xr6,:6oo qr>6.:3rr663bolr qro6r0o3s...................
.................90
Qor665A.) N 3.21 l.,rtsgrq'cr lr.ioJX6rgoo qr.:6r3r66g6oU q-oo6r0o3s - 2012 $3qn
q.oor66.>0.r N 3-22 2012
$qoU 0oqros6o qrr6.:3r6p6oU orsbtxr66qo
︲
８
J\j0g(',6o96ob aobgqBoo,.
２
８
。6厠 s
４
８
qn.r66.:ds N 3.29 trSUbgboL fldJ lo.>6 orr6.gr6qrobol_r
４
８
N325b36● 30500出 60く
…………………………………
………………
…………………
……
……………
"… q.oX3oOJo$ogo.:..-..
ect)b6rAl N 3.26 Ao060o.:6<'rbolr tr6qrolr
(r)r66rar N 3.27 brbrby'r bo\)gaou $fuEqrr lJJ(,JC6rOCm aoACAr
ゃ o、 66Ю sN 3283蛹 OX8'う 。曽観 Ю OF60bttp調 000pO゛ n
Qい い
３
８
ec,r66r0r N 3.24 UJUMAT JrJoosq't r G,r rCOogCA$C
6rqr6r$oqp0r 0o$6gU br.bSbolr
︲
８
dOb闘 0∞
qru6t5rdr N 3.23l.tofuf)J0cx') q,r6r3J6gC6o acr3q,CJ6orr
61Jo
N 33030000o00Ψ o、 6だ が ヽ809増 0」b060bOqЮ 86震
ヵ 田 bOo60,6■ 30Ψoo6● 6bo蠍3S
qr:t6gq1bgqor..
"ぃ
86
Ψo‐ Ю5N410げ ゃ3で 。椰Jヽ Ob ttpp哺 。し∞。
5sao35'甲060し 00軸●3‑… ………
93
…
(,orb6rAl N 4.2 a$qts63q,3bob go6rflJU6o a(rdoard,Co6r Sq,Cbob 0ob3q6oor qrr J6<,r696ggq.rr $6qrr.-_. 94
qrD6t<t:ar N 4.3 \D$qBCAer A3a<,rlqrqn pr quaqr6rr6o lsq,r$e&B(.! gi6sq- UrbCq€tr)8.
brAgp"6"A,
qr.>$qg33olr J6ro6t5M3btso
６
９
ЪQ030。 。
｀6obじ 060J006500も 0"り Ψ036o000b aobO嘲 。∽
ゃoo66δ 85 N 4 4も 、
ゃ。
66Sas N 4 5 b5qo%Q田 O o000b● 3。 マ 0∞ 0し。で δq、 翻 OЪ ぃう。RЮ ,wo60b 00bO"300
７
９
８
９
"0。
C-ooJ06)JAr N 4.6 JCOrASbolr lrrJr6gjgg6r
出。N49ぃ 距m60b a。 60∽ δ
∞0。 さら
ぅ20072012… …………
∞00部 305● Ψ゛κ
∞ Oδ ´
δOo
N 4 10ヽ 60輌 0∞ 。 ●65b
06uOも
蒟
0も゛ ヵ
l,6ェ QO嚇
s'w●
(,o) (trdr N 4.11 eC&')6o6Cbuq,o grln.:6o j.>q.rqrqrgbo (2012 fl.........
6mo N 412 00606● くり69‐ t10い 60o95,・ 6o6゛
ゃぃ。
炒
Bさ い
Ob aOb躙
９
９
eorb6r0r N 4.7 AbeB6gq,C6oL W6r6bU6o a(6el6y6Celbdr rEdrd,otspb.r 20l t_12 gggb8o
qniAF,r€r N 4.8 bJA6mJC6x'r Joa$6q6ob Aoryor6o rCOrgCAob,
Arq\.oC63q,CbC6oL ar 3rJo6rqnu
103
0∽ … … … … … … … 104
104
o♪ Qミで脚 。あ 3535駄 TルЫ
5
0obぶ 郎 o∽ (20082012)… ………………… ………… ……………………
…
…
……………………………………― ―――
qn.>6tir6.r N 4.13 qr3Jo6o6g0gq,o ggq,rqgo lrbLr636o (20129)
9oも 6錮 sN4140"0%Ψ 86e33mヽ 。ぃ 6昴 QⅢ 5o6003甲 30Ψ ?。 ｀ しい ObOb 660535'マ ● Ob
00b理 30∽ (2008‑2012) ̲¨ ¨¨̲
106
qpo66rtu N 4.15 J696lmorr o59o166.4cl1 2Ol2 gE ob
6smr3qxrbrBo (oJeCb3q,o A!6o6CboU qolrrSbgqppoor
Jt6t!6gfugq,o tuBg36gbq,ob A3brbC0 Cao6gfu30oU 6obgq6ocD...........................
.............. 106
∞ o、 6調 、N4162012,00bが 50o3甲 あ 00蒟
uOび 蒟%゛ ゛ Ob Q06゛ uで ゃ 詢 Sy満 。OMOΨ 0
0oR335060qP0 0000350060b 00b3C130C'¨ ¨¨¨¨¨¨¨ …………
…
……¨¨¨¨¨¨¨¨¨¨¨¨………………¨¨¨¨¨¨¨¨¨¨¨‐¨¨¨¨¨¨¨¨……
Qc,rb6rAr N 4.17 2012 gqrotr 6rbdr3qxrb.:0o l.,J9r]}6o lrgtroC0.bC erACbCq,o by6o666gbolr qof4agq,3A.ror,>
J6<nggE)Uq,o 0.)fuC6CbCq\-, Ca.OC6Ogbob 6obgq6oor
-.-.-.-..-.-.-..-tO7
qrDb6rar N 4. I 8 aoJdxd$Ao6,:6bo ofu.:6ob6o96ob 0orqn.r6o vJ6qg6o,
3.rgq663qXfubo, 3.:Jo6sqn pc
aolq,c,r6o gsq,eC63q,C0Cbotr g)6JAoJr JCOrAC6orJ6 AoAJ6qrCbrAo
....
po,:56.:0.> N 4-19 Lr3Ubgbob S6q.oolr qn6r0o3r .rj6o33borr6 AoaJ6oC6rAo
qn.>66.>0r N 4.20 0orq,o,:6o Jor66g3q,olr
trO6CCOU6,r..........
qtos66,>0r N 4.21 6.:UgUbgbo b.:bUfp6ob U6r61f6grtr, c6r63tloqr9fuo o6r5.:6ob.r6og6oqr6 q-or
Jo6g0oqr.>6 Oo$oqrgqro 6glrgritr36oU po6rdo3.:
-..........-,......
108
............ 109
go.bo3g6o
-.--...-..... 109
qnr6dr.r0.r N 4.22 6o36olr.:go6.r6tx,r cr66rbo\o36olr do06gbor&,r6olr tuB3g6C6qt6o (ROE,
ROA)............... I t0
qn.r66r0.r N 5.1 RTGS L,obOCADAo Ar6kDdr6ogq,g6gq,o
glpt)).................
(2012
.-..-,...-.....-......112
6rpr6ro6fu96o
(,or66Jar N 5.2 RTGS bob6gdrtso 5.>6bn66ogq,36gqn 6.:qrr6o6b3gbo (2002-2012
[3q,o).............................. 112
eorb6Jar N 5.3 bre$qrolr r.ri36.:6og0o lr.:5rq.or\m l-rob6g0g6obr qrr 6.:o1 0gl_6gq,9botr l.rbgr
V
(rr)b6r0l N 5.4 g6re(rt't $qubq,Clou Ai6JFcq,30J lD6rq.>\x,r qu3lq,C8otJ o6ogod,C6ob brE3;E COCOoU
AobCqBoo,, 2012 gCqr)
q,or065Ar N 5.5 EJAots$bgq,o lrc6.:q,rbqm br6rcr,C6otr 611rr{10&,!6 h, 2C/J7 - 2Ol2
qor66r0r N 5.6 6c0o033bgq,o br6rcr,C&, l$br6lo,3 lj()uJgogbou aoh(g3ocrr.................................................... I
Q.,r66ras N 5.7 l$S56o)33q'otso brAoa3Cbuq,o bi6r(r,CAoq, 6.:6tx*66ogq5bgqo gr6r6bvJ6ogao $q,Cbob
AobC(,goq, (2007-2012)
qnr6ttu0r N 5.8 lrs5.:qrrbg" 6r6rorC6ob aoOACAo e,BodOC6d, qr6rAo& (2008 - 2012)
qgor66r0r N 8.1 aoar.rC66rBo rfirCA3q,o 6rEg,
mqrl (AfllCeCrr,, 2012)..
lt6
-.-..............-122
qn.t66r0.> N 8.2 6tqqn ggq,o 0o&rjg6s0o (2011,2012 gq,Cbo)
qnr6Srar N 8.3 gsqbo qr.>6o[r Ar63&'153bo (,r a(,ECOCbo J6)(,l00ft)Cq'oe
(r,56CDAr N 8.4 20ll-2012 $qtaao 6J0cBElc6((,(, gr<'Ao q,i(fdr 6.:63e96ctu 6s('tqC6(,lA!.......................126
qgo.>66.>dr N 8.5 201l-2012 gq,C0ao
bJ&'r3q,C6q,o SJq'6o ffiCoCool, d)roACeDAr
enrb6r6J N l0.l Cdx.lSfuq,o 6$JotJ orstuffi6xraq,CAdr 6r<,l(rC6{rb6<6o (u bJf,obhnbdrr6o aJfuC6COq,Cbo
(ttgq, 31 I orrbrdil6r'r03q,o)
Ob6oq,C6cl
18
Ob6<qio N 1.1 fuJq'Jfu ffiJ-ou t6(oJ q,r lr&lJo6,:Jq'o fuqrlq,C0o 2010-2012 SS.
6b6ogo N 1.2 doq'or6o Bop.> &1r'rqrg$Jo qgr 0olro 6.r0og3fubr dcx6oor:qn 3q)35o6oX0oU 0otpegoq, ...... 19
6bl5oqn N 1 .3 ofuq,.4ooU (rgo) ar83C6CAq,CAo Orq'JCAq'c, 3oA&rfu&Jg6ob 0oqqBoor (J6n 696go), 0.roxr
.bfa,rgeC6r tryo-t3 (JdxrOC6OUqr,
$<'t6.> tr>a<,rabdJ630qx'r 3.:q,,rr0o (Jdx6g66o) e,r
fu6*jo) ....................25
leJlrJbq'Cqx'r bJq'r6lrtu r6rq,qlrlJ3fn F)6&reaC6r (2008-2018 trS.) .......33
6b{6oqro N 1.4 It>jy6o65q,crL
%・ 5 oo03山
6bt6rryo N 1.5 6 0喝
食 岬 竃 陣 嗅 Ⅲ ぃ
N
I
.6
gabb3oq,Cuo
l!fiIr&r6,Ol,r
L,rCefqxlu
―
oaJ<'fdrxr6o
6bt6oq'o
Ca$696oU 0obSqr3oor (%).36
… 6r6rDr{,CAr
N
1.7
L:o0Jo6gcr
b.>lr.rjobqx'r
Ob6oq,o
30ltboq,3Lto
a6UBC6ob 6.>6rSoq,CAs CCU&',6Ocn6o CSCSEC6oU
0ob3q6oor (%)
L
︲６
２
６
︐
6bt6oqlo N 2.1 d,Crq-Jfrl CBdOUfrl A^r6gqxrqn JUdfrfJ Dqrr36o 63qrlq$r 2012 gryii
6btrnqrl N 2.2 l$CJtr,o8Cq's r l.,rC6ro,sao6dx,, d)CtctrBCAo
gbtrrlq,o N 3. 1 Aoq'or6o t$J6CC.ooOcr &l6OBCq'c! IIC6AC5OC$6r{, flobg(Boo, (ar6J6rrs&rFnl_n lr3trbgAob 6sr6qr.>
７
６
6b6oqo N 3.2 lr.:lrSLbo J('l6OgCq)o 6oUJ-bftlOoE)COoL AobgqBc,o, 2012 gq,ob 3r qgg36b6ob
6q-o5r'rdr6go6oor....-.-.-.-.......
6btrnq,o N 3.3 b6.:qn J6,r.lqrJCOca<lU 6.l6r$oq,CaJ (201 l, 2012), 63q'oq1br C6o, Sqa66 JC6.,qtso..............69
6b6oq'o N 3.a U,>lr3Utxr &rdr6gqnu J\)C6oFnCao (,r ts<,t6r0o6CbUqrr 6CbCOgC6o 2012 Eq,ob 3l
qralCaAfnu a('arf urrS<.rboco. ...............
6btioqto N 3.5 b.:boor3ao q.orgo6rbuCbob $gr6r.rgbo qgr Ooln q.orgr63olr 66.>9o3o 2012 $q,ol-r 3l eCdCAbE,oL
6qr6o0r6Xr.rboor......... .--..
gbt(nqn N 4.1 bbFxr66x'r 3rr0J.:6o96ctu r,Jgc6obs (20129)
102
6bf,oq'o N 4.2 J6,CAlx,on oEBer6ArOoJ OsSdxe0cfr dof,.,o,rqn aJfuCfubq,CNr AobC(ry,o, (2011-2012 $S)... 104
″
Eglr!$qrl
brj,:6or3gqrntt g6og6gqo b.r63ob 2012 $gob $qog6o 16616o6o 0r'r09b.>q6bgq,or
,,brj':6or33q,eir 36o36gq,o b,>63olr E3Lsbgb" o66s[gq,lo 3r6o6ob Eg-60 qgs 61-3 figbqlbob
tsXbrbs0obrqr qr 0ieo6r3b ggq,4g-bs3r63qo6m, Lrg5q€Orn qrr br$3qrs0bSqg3Cq,sr
Joq,ogo3olr 0o0oboq6r[-r qrr rgqngo6gbgq, go6sbbgr6 r66r6ots63bslr. qo3g096gtso
$rt58r'rqr636oq,or ob J6oo6o6ff)Cqo 6o0r6orgq,36g6o, rft.r0q,oors6 lr.>66r6otsr,r
J36ooqBo &3g6otJ Gg666rq'g6o br63o b3q,Eclq3s63q,nbqrs. s66rr6o!ilo r[5bgq,or
sa6ccr6c' 3tier36gq,o br63ob tsggrL3bSbo j33gr6stso qr.r Eob gr66qgbb g,163o1 0o0qro6r63
o0 J6rn63b3b'bX, 6rnEq,3bo6 2012 $q,ob 5s60s3q,r.rbrtso s6trgboor 5r3q,36str sbqrgEqr.r
tr.rjr6or33qotr X3er6o0o3ob 6qr6er0r63erbrlrs qr.r g6er3bgq,o br63ob 0o36 qrrtr.rbgq,o
rOry3.>636ob tsgb6gq,gbs9ca.
2012 $gq,b lsjr6oACq'xnl, ge36gqlo 0163o 0g6ggsdrgqn Joqrogo3ob B3E3E.:3g6oUrb
bgg6dq3s63q,r'rbqrr 'brjr6or3Xq,oU 3r6er363qo b$3o[ tsgt6b3b" Lrj.>6oggq,r,r!
odr6.r6gqro 3,:6r.r6ob E3-3 d3bqroor 6r6tlrlCq36gqro do6ocnrqn sErng$3bo<nr qr>
gg6j6o3boor, 6cr8qrob Eobgq6oorr6 36cr36gq,o brb3olr do6oortqro r0o6s6s.r
BJbCbob
trorboE U6r'rbob 3b6a36gq,gogr. s8rlrcns6r33, 3t6rn36gq,a.: b.r63dr g6qr,: gb6a363Xq,9rntr
go5.:6bg6o bobo0aob bor6oE.J6obr qr.: 6rd]3o63.rq,erb.r qr.: b3qn ts3g$g(.b j339$;tso
Aega6,rA g3r'r6m0o3g6 %6qr,:b obg, r6mE b.>gr6orfu .16 0C&i06rb 0otlo do6oorsqro .r8e13r6ol_r
A3bEr3q,Cbrb.
36crg6gq,o 0163o Srn6gd.>6gqo Joq,o6oJob 6.:6bsbq36obrt-r o$gq,rgoob
orst6ggon6gbotr 6Xgo0lr gg6q6rnbs. g6o36gq,o 6.r63otr o6gq,s6oob g6dgqSrqrol5o
0ob6ob6o3o O,tB3gfubXqn 3 Jdrrn6g6gb 03sq.o6X6b. o6olr 6roSsqrolr$o63boor, 6o0 r0gs0rqr
b,:jst5cn3gp.r $r60r'rqg66b 0ier6qr x;rn6rn8oJrlr e'r Eb6r3lro goJolr
x3rn6o0o3ol-ror3ol-r
qrr0.rbrlroror3bXq,os o6gq,r6oolr qr.r x3rn6o0o3g6o 9c6pob .396o 6rq.rqro
OCAJ6, 201!
2014 $qg6olror3oL ggq,rqrbr363qneo Jrnqrogo3olr do6oorrqn do6,:6orgq3bo[
qrn3g036goor 0otbr.rb6o3o o6gq,rgot gr6tr.rbq36gq,or 6 J6rng366oco, brnq,g 2015
$3q,tJ 5 J6r,GC6g.r0e3 tsg06o6qg36s.
2012 $e"b grbE.r3qxnbstso o6gqrrgos Eotr6ob6o3 ErBgg6366q,$g qr,:bqrr
6.:6Bgbq.ogboq9s. o0oL 6.:o6rq,olr$o6gbocn, 6rna aoECOr6Uq,o Joq,o6o3ol,r
63q,oq,3b,:
6r63339q,o Jg6ooqrob ts36qrg6 sob$36r 6grq-3r6 go6o6o3r9q, lsj.:6or3gq,erlr
36rn363q,E.r 6.:630r aX5 3oqgg 2011 $qotr o3qroUtso qrro$grn as)EC6rd6q,ro Jroqrogo3olr
ts3t6boq,3b,:, 0rtso6 6r.rqr3tr4 Eorqros6o o6gq,s6o.: rq30r6gbgrq6 6ob6ob6o3 qro63b.
lrsjr6or33qrrn8o o6gq,r6oob tsg86o6Xbotr gg6q366o,s 2011
$qroU o36ob0o qrro$gr.r, 616
gEcor36gbsp Oo$oq.ogbob grjgo63bocn o5r'l 6.l6Jo6r,rbgbgq,o. O,:co Eo6ob
06o6363q,o3.:6o ogr.l l-r,rbrttn CSCCOoII brgq,l36s. 20l l Sqnl,
6rt5rgbUq,oe,r6
br36orrtso6otlo brlsjcrbqxr bt$rfuOb3 gslr3botr 3q,3bob gg6qgg60ot qrsgojtro6qr.
336dop, grbgbo 830go6e.> 6r3oxnblr,: er tsrCr6$C. 6gbgonb.r qr.r g6,:o6ob 0b6oqrr6
bo{6bqnb dbJ<nf,OtC a0brr66ob 0obl_r6.r0 3o Jg6J6rnq1ajgSbob grbSbol-r B306o63br
6,:6rJo6crbr qr,: qrrEr63booro $3q,oq,o E3ogrbr o6gq,r6ool-r ts3fl6o63brtso. 2012 $q,ob
boq,oUorgob LS6lr.sonb qrggq,,rgoob E.rB3363bq6.: 4.1 J6re6g6go tsgrqr6o6r, ts3tr,:b,:0obrq
Lg6l-r.lorol: grgq,36r $q,og6o qpgq,.:goob b.>36orr 6rtsp6gb3qr$g
errbq,sl5fiocD 1.3
J6og366gq, Jg6j6b 83sq,AC6e,i.
Eo$op36olr BrC$o(6Cboer6, s665o53, rqll6o06.:3or, 6r.10 6.:l_rgq, ggq,l-r qr$rq,o
o6gq,rgor gojtro6qr36rnqr.: B336tr do6oorsqg ls3r]6er Js6g6or.rr6 fu3g63btso, r6c,r5rn6o6;.>
rb36bsoas6o, berEbSoro, fJ6ro6r qr tsgqgg6.rq9 o0Jo6go63b3q,o bsjo6q,ob o6gq,r6o5
2012 $q,ob br.rq,erl-r qr,>rbq,rn3boo -2 Jr6r136gb Egrqgm6e.). ,>jgqrr6
6;OrnEqn6s63,
obgq,rgoob o0Jo6go bl3.r$6r.r Jr6g6oo6o j3gg63boeJ6 brjr6or3gq,r.r8o erbrq,()
.
7
o63q,5Goob C6o-C6oo Erffibrbq86,Cqio
tsrCom6o ogm 2012 $qob 6s6ds3qobr0o, aobo
$Aqloqo $q,og6o o6gq,sgoob 0rB3g6g6gqtso qrr.>bqn36ocn _O.Z .lO.6Sjpq, Jg6j6b
tl3sq.oggEqr.:.
ls0rn6b0r630qrrn grtrgbot_r o6q.oapt3 6sgq,g6t 0tnrbqrr6r l_t0o6b6.rr6g6qro l_tjer6gq,bg
0r6ggboL 6g66odrgbsA, 619, ors3otr 0b6o3, ls3.:]r6rn tJftl6o6otJ
6"03.,-"fui.,tli q,"
3rn53g636goolr b6qrbo ogo 6r6o$33gq,o. obgor brjo6gqb3, O.5.Oq ,:r6JL
6gaob
J6crq3j6X6o, 6r6t-rsg8gqo, g.:60r6ggg3qo J6rnqryj6or qr,r Lb3r, A.>OgXa.,b A3A6o*fuA,r
bmqrrr gqrXbob 6r66s3q,r'r6rtso 03o0ts63oqr:, 6s6 20t2
$CqU .lncgCa ryr- 3.:afoIgoq9.r.
t gq, do6oorrqr br0o0b0r63\xn lrjo63qbg ArdUCOot
Ala6"O3O"r, fiq,"q,",
U.:0o0b0s6gbqo grtr3bob o6qralbao 2012
Sgqb -0.5 J6cr666gq,,:gOj6biqXar6CGer.
o6gq,,>gol$3 Ernorbrn3bob 0b6oqrs6 6oja3qrr 66d3q,3rqros6o gr36"rqanq..sS
sqbs6o06r3or bog26gob q)CtsocoOo qD
bs(Bq,ocDo 3g6bob 6q,.,q,3ai. a'.q,., Lran
-
Sg.,L Ar6dsgq,obsBo 1r30.:oqr d6o036gqer3l6o golr3qrp6o -3rn6lrer[oq,,>6o,:
6r6bo66ogrqaps, 616 6s56oro bo31gX6olr qgCtso6o6ob aBJ-I, 6.5 J6qp6ggqo Jg6j6oor
ESE6o6gbsEo 6r0oolrsbr. ,:663o63 rqbr6o66r3or $s3g J36ooqrts"
6r6!q,"-" JCOU"I,
6rEgs6g6ob gg6qg66or.66doqr, 6cr0obrq,g6" CSOCOU6,. 6r6gq,ocno 3g6l-ro b-q,rn LrAo
Sqrob 6r60s3qrrn6:tso qrubq,rng0oor 9 J6rn66goor 6sEgst6qrs. .:q6o063q,o grjgo63bo
g6orerbqro3 0rnorbn36.:bg Adr3b6Cbotr 0oE.r6orgq,36ocn 0crj03qr3bpr.
O.a
"aartl.,U,
gotr3sq56o Joq,o$oJol, 6r03sg6gbobs q)r Ar6gq'ooo 3g6bob gr0g.:6g$ob
83q66;q9
g6onbqo3o 0rnoio36ob agUgl6g0rb 16 gr0o3$3ot ls6g,rq,rn3rpor6 ,:g6ooq.oAo
o6gqrr6666 6o9o6ob6qo Esffigfuoqrr6 6rqrsb6.r, 36o36gq€.: b$3E.r 2011
$goq.o.:6
qrso$go AcnECOr6Uq,o Joqrogo3ob Eg66oqpbr, 6,:6 gJo633q6b go3goll Jrnq,ogo3olr
6r6r333cnob Eg6go6SbsEo 6r0oobrbr. &nqngo3ob 6s6r333oro 2011 $qnqt6 ggrJob6ogrqr
2.75 J6e636ggq,o Sgbjgoor BC6O"6cgs.
20ll-2012 $q,fAA" Aerfugs6gqo J<nq"o$oJob E3r6boqrSbr ts33lrb.:036oqrr r6b36gq,
J6rn66rebgbtr, 6xn0gqor 6ob5p3oors6 o6gq,r6oob 0.:83363fuq,o 2012
$q,ob A9r.163
6.rbg36oqrrb qg.5o$g3ber lcdrq$ qs 2013 Sq,oL qrrbr$gobBo Eob6ob6o3 qrrnbgtr
6r3ornqlqioCbrrqos. o13661 2012 Sq,ob 03o63 6sbX36oqr.r6 6l0r.ro33Xorr lrsbr63er b3bbXbb3
Ecrcntro3botr 836go6gbob OfEqSC6O"t, 6.16 ur68366g0orr6 6g63b6o3.rqr qr,:3.r3tso6rgbgq,o
6rg6330aq,oboor ogo 5r0r.rg33ggo. r6ts33fu 6otr ts38qg6 J36ooqgtsog, b:6r63o boboCaJtso
6.rq.rq,o q,o33oqrrnbolr Oogb3qr3sqr, Ur36gqgogo rjgo3r,rbr
q.:a.:q,o.:, 616
6q,r3
U3LbgAbg 0rnoftr.r36oli 030go6g6rba 6ogoncnSbb. ts3brbr8olr,rqr sqOoBOgq,ar
6rg66C3qrrn0sE tsXrbgb6.r 6o61)r63qro Jrnqngo3olr tsg6boq,3bob gsqrr636.r 63.:q56
g3o6oEo3str3, g6dmqr, Joqngo3ob
6r6.r333crnlr 0g06o63bolr J.16.:qlqp6sqr 16 0rnbqr.:
br363Eogr.r .>jgo3r'r6ob b6qgs, 6sg gtb6ry631q,gr.rgpr o6gq,,:6oob EobSr.raOo3 q.orr6Xde3
0rOCbrb.
arn6ggs6r3q,o Jrrqogo3oJr 6rqr.>6g0ob bs363qrogrn r6bot_r ts3U3lr6gbob
6.:0o,
66otl36Xq,cr3r6or, 0o6gSo6gqo &nqogo3oU E36boq36ob bb3r qob.rtraolbgbolr 0.:or
Btn6ob 3.$.
"6rr.rp36reb6ogo tsCdt"q3O"b" r6erj03pg6,:. r0 Eob6ocn U.>jr6o3gq,r.rb
36o36gq,o 6163o rjgogr6rq.o orr6,:666rnEq,rnbU lr,:j.r6o53q,9tr go6r6tlorr
br0o6otr66r'rl-ror.rb ggq,olr 6o$elq.oXbob s6bg6ob g6orrbqro3o dry,3Ooo,
6.r{6ryrfubotl
EoE,:6ogq,30oor.
rqlrs6o8br3o.r, 6rn0 2Ol0-2O12 $q,3btso 6gbol_r J6rnqggj6gbobs
er
CEC6AoArOr6JOq,gbob 6r6gts3 3.$. .br0rlrrn" oEgqr.rgos do6ootqr.:qr [g.:6oq56o ogo, 2
J6rn636gob g.l66q,gbtso. r0 J36ooqtso O.>qsqro qrs bg.rboq36o oger Eorqror$o tsoqt
J6,ma3C0otr t6qrob 6g0Jo6,6.16 oSolr 0,r6o063bgq,os 6o0 0.:lrb3 636rgo36o
5r3q,g6,r 16
6ogbqr36os t-r$mEb0.>6gbq,rn gtl4botr o6gq,s6oolr 0g6g3r,rb.rL.
63go6,
qrbrq,o
qr.i
996r.1
10
,Sb59。 しObδ
● 5
oF● 350Ψ 。
ぅ。530b哺
o65000
0で
｀60し
bSし obO sJO。
3゛ Ob p6SOb
05 2012詢 Ψし06・ 353cTO、 6。 53059550C800530006300q?o
6oOo9060bし
b553060し bOS5∞ 560390 b。
Oo∞ b86o。 303S0060b
申
●o03ΨOb5, 600● 0
"Ъ
30bδ dΨ 06qPっ
0‰
ン
路
器出 ∽
赫
。。
::む
や つ (■ 95mし
m鵠 °
0:『
55bo 0055s660b 50器 356。 し
｀
3っ oで
b高 品
機OT:駕::し
6財
∞Ъ ΨりΨ。し
bbb6゛ O bb530b030b
Obo① ∂
3860 bOS60Ψ o605, 309fわ しoS59o600で 。 マo30%000 の30o5, 001D60 0b603,
∬割Tヽ δ
せ
趾
l:,撹
°
蝠 鯖酬ォ:露器
ぼ8F乳
:::
606063065655300
03Ψ OΨ Ob。 し3oOの3 δ80o BuΨ ヽぃ しSbし
。
し
0303m006600Ψ 065臥 Obσ
BOb bOΨ oOい 恥Q000Ψ 56ob 6oし u6b。 し∂鴨 uΨ ∞ぁ
も。し
い 650bる 。
653b6∽ Oobb0 30600で , 3oObUも り」
5
b55305。
し
80o6
60650b
bぬ
●
0∽ ぃ∂
∞80500590
60b。
し
3("Ы
obbO b」 o0306。 し3600o。 わoOo60・
6じ qP5600 9。 5m005o6009Ψ 03861m0000
bm o5し 060oo50,00,6。
3,の 。
30b Ob603,
δ
し
9o55o Otsb060じ bOΨ oOb5,し qP00Cめ δし Ψ5
Iや
6● 5o60353Ψ 。 65530し い3065000M06。 308o5065Q。
30● 03386o6。 Ъ。
8両 0ぃ 6り Ψ03oΨ 00035 60oΨ
:S乳鷲よ
Si計
6端
&ぎ
っ
Q5
5 0o500o60Ψ 。 3oΨ 00030し ｀55で oЪ Ob
530035o3● 005』
初 いしも発 mる 。
9∞ ゛ 5b∽ 。
55300δ 6060b b5530b(EBRD)。 も 36oJO。 し
85000000。 35。 b5く で005360田 05oOo3つ 60
も5 0b∞ 8Ψ Oの も d0600δ で。
cD506bΨ 86o
o6553。 し8o3600305oOo306 00Qo9。 6o6δ し
060606505695b5Jδ 6の 30Ψ ∞br満350Y0
0ooし るoっ ∂χ06obo60b 3つ Ob00 053Ψ o000し
∽606UΨ 6∞ 響し のヽ∂。
3oOし 00500● 6uΨ 。
9b b5%∞ 65900bOb鴫 の60 0oΨ Ⅸ 905060b
035o3S300し 56し 0も っQTO 。
6bo60‐
306d",
」
036, oる o 6bbΨ 。 つ96の 300δ Q
o5oOo3つ 60 09600。 60060b
Ψ5
0 3∞ Ψ00030し 30606o35000し Oo5356
qPoし 06m35っ qPo 65530し
306 63060。 し
500bO,00oで 05o60出 し∂り850650603馳 0
Ψ
で0380060%0,600[RP00 b5Ъ Φる。
cr● 06oし
5 0oぐ 96く っo06し , 6(■ OcPO。 00 650mog05065
しOo
ぉ
猟震蹴蹴鼎
鷺
恩
輝
躙
飛
話
品∬ぶ 還
:3:駄
5
90Ψ 60)60%063060し %6Q■
。
調
。
05∽ 3o6ob, 05o035090355o08∞
,9。 し
OΨ
::電
650● 06。 00 35」 006o
655∂ δ
3906580b53。
q35g9o05530b8o061550Ψ 5500で mΨ 560b'005Q、 80b」 。 ΨUO∞
93δ 95
1記
:臨
5o60
。
よ汎Q∬:鵠鵠槻00:ざ:i∬ 10Mbi∬器理
δ
6馳 。
∬
V
brj.:6or3Xq,tnlr rngo6orqq36o lr.:gt6orsBert6olrrn 6gtprfug6ob qrr6g, lrb3sqrsbb3r
o\n3rgrnt+6bob or6sb0sqr l-rrotr6sqxnr bl6r6yn 0qr66.>qrn6ob g$6ry6gq,gergobror3ob.
6orq,os6o br3t6os8o6olrr 6glcg633bob g6qrnbs gs6oxn ggqur.r6, ggtxnSdro 3.:q5goor
6r6orgLC03q', qg3&nlrog30cn,:6 qrr Oer3gg,:qros5 grqrors6 100 J6rr6g6gob tsr66q,CbBor,
6.:6 lt,:gt6orrtsrn6otrr'r lrs3.rq,ggrn grnEqnb E3g.rlrgb3boo lrlX6or8rnSolrr'r 6Xtg633bob
bs3Ett6ob qro63qr u6ob OoB6ggq,o. 11169 66o836gq,o3s6o 3cr3go6o361)or 0orq,or6o
brg6orstlo6obrn tfub3tfugbob Br6(mbr o6olr o0Jo6gor6. ltg6orr8rn6obo lt3.rq3go
goEqnb tsggrb3fuboor, brs6orsBo6ober 66bX63gbob qm63 oor3qp6.r 0cg66rp em6CC9,
orgo Oobo tlggr6qg3bs or3olr o6&n66or.:6 3_bg 03gor. b,rjr6cn3gq,ot_ror3ob rq6ots6gq,o
ErBgg6gfuqn 2012 $q,oL brnq,rnlror3olr 3.&-b ts3rq-o6C6(,,).
2012 $gq,b g6o36gq,o br63o 6r6r6d6rnbqr b6g63rl-r lrsgo6;6bo botJocaou
ArEOoolr6CbJJr q.or bgrboqrJ6obrl4. b.:#6cr61q,olr brgo6sbtnn Uob6g0r tsgqgA3b,) 19
3o0gt66ogq,o br63ob5s6, 18 llr3SSqngrn 3r38o6olr6s6, 62 0o36ottgo6$lro
o66r6obr6ooLs6s6, 15 b,:qr$eqg3o 3rn&)r6oob6r6, 10 br66rnp&n 3o8J,:6ooll6r6 qrr 1
lrsgo6qro 6o65obrgs6. ltgo6.r6bo bCC6rnd)rltr 0orq,or6o sjgo3Xbob 91.5 J6c6g66o
b$s63rn bglgo69{ Ornqrolr, bgrq,r'r brqt9cq3mo 3<n6J.r6o3bo er AoJ6obrgo6r6bs)
o6l-tgoggggbo 4.4 qrs 3.8 J6o65gb r3o6g6erq',3036. Ub3.r .:6.llsbr63er lsgo6.>5br.r
o6bgoggggOob $oqo 3o g66oBg6Cq,rnr.
0bb3oq,o brg6ortsrn6oUrn ol3
6g6orn6gq,o o633lr6cr6g0ob #rb3bo6oU
6r6rqdl$obgboor, l-rsbr63o bglJot6o &lq,r3 brJarr're dgo36o sj6oer6gr636ooru
$.r60rnqr6g5oq,o. Ogq,mb3q,mbob Jrcsro lrO6,.cCog6s trs6.r6go go6r6bg6o bod63q,c3boll
6rArn bs6JC0obror3olr E30rgX6bg0Xq,o rr5 Uergoq,r. 396o 01)o6, brirS6b%3 ,:di1gbgq,o
bodfuqp36ob 6ro4sqob$o6g0oor, 0orq',or6rn6.rtso 6ro66 E3odq,gbr oo{3rb, 6r'rE
g3rn6o0o3ob qgr36CqogCbotr JoggSgorgob Artsr6oxn3bob E36orb333rtso, 3rJogrq,ob
EgAoqr,6C6ob AXgo 6slr8go6oor 6ufr)ogtfubob Ot.ro&r .rqo6ots63bcrqrr.
h$,:63er bob$C0ob 0rn06Xbos6rnbs0 6dlgq,l $CqlcDrE EXq.os6gboo o3q,r'r. 3lr do6oorsqrsqr
5sE)otvtrnbgbgq,o ogrn b3bbgbob Bgbrdq,o qr6rJr6A3Aob fu91fu3bt4 6r$ggq'o bs6aSbol-r
t6qroor. .>b6g ttgp6sqap36re ogo $q,oU Ogrn6rg 6rbg3r68o qgsgojLo6gbgq,o trgbbgbotr
io6pob Ag63q,3bob gg6q9366or, 6116 bgbfu69e3 0rnorbrr36ob qrs .r6s 6o$r'rqr3bolr grjgrn6oor
ogo 6.:0<n$339q,o. g6rnj0gqm b3bb3bob Soqro Eorq,os6 Jgr6gg3q,tso, 2012 Sq,ol-r
6r.rq,cnlrsor3ob 9.3 J6q3Xfutr tsgsqr66qgs, 0ror Eo6olr 4 Jr6e6X6ggq,o Jgbjgo 90 qrqosEo
Lot6q)rd)Orro. rlr33g, 33q:r3 sqo6ots53berqs bsJt6%g5gcr bJ63pob E306o630r qg.>
59glgo16<'16olr b6pr, 6.rbrg OrbBg$ob 13rn6<n0os U$CoAA6 fuqtr. 66d3q49gbe49.r
bgbb36bg ll.>Jdqp66o 6s6r63orgbob 6306o636.:, 6sls6 orr3ob Eb6o3, r6lrgb3q,o
3rn53g6X66or6 Ar6rJo6ob3ber. bsblr6gbob qo63bgq,gbol-r 3gcnbocn, B306o63br l-rrbXb3
16 ogo. rl4or ger6ica, a$r6qn gp6.lq.oqgbJ gofrnbr.rqgr br363qrogo lrgrbqr$g3botr
0o6ogo6o66b, 6r.r6rn66 bob63b, rbBC brg.rq,o Lg66g66Bo.
O65AoGc,"Jqre Orqrq,o ogr.r qo33oqmbob arfug6gbq,Cpo, q,o33oqry6o .:jgo3g6o
6coq,o,>6o rigo3g6ob 23 J6rr'lOCSOlr, boq,m s6rbr0r3er q6Jobog36oli ,14 J6erg36gb
ts3.:qg6gbqrr. r0rtrors6, 6q,r3 6sobr6qs r6s6g$oqr36go q3Jrnbogsbotr $oq,o. lr3b-o
Oogtrsq03br qgsgo6s6bXbob $gr6rnSbob qn3gr6l-rogo6o63bslr, 6rn6o66 q,o33oqrobolr
0r6or3ob, rb3g jggs6r8o r6lr3bgq,o t6go6q13qrsp qrrbrq,o qr.:lbm53olr qr.r6oL
61o6.:q,olr$o63boor. or306s, fcaqO3go 3rn6635g6.:goob ors3oqr,:6 .>6oq,3bolr 0o%6oor, r0
Eb6o3 o61603br 6r633y3qro q,o0ogolr ts36rnq3br. rg6o66gq,o slrCAC
6sor3rq,olt$o630gq,or .bsbgq, III-ob' qro33oqrrebotr 6sqrrgr63ob 3r'r3go6o36goL
(Liquidity Coverage Ratio - LCR) B.:6Bob Oobgqr3oor 2012 $3q,b q-os636r6oq', Eoqr6r'r03b8o. r0
C$rJbC, J6ra3gbob o0Jq,3036gr6o.r U,:63b6rn r66r6o063bolr ts6bg6.r0o Ararrobr$). rbrqo
Br6Brn q,o33oqrmbol-r 996r'1 3g3iq)o.:6lqr E.:t6or3,rb ts3g$gobb b3q,b.
t2
cg5EoEJ6t C0ol, bsboorgEgr 6,:$oq,olt 0b6o3, Erbglrbgbo l-r.lbk65bolr (lt3sq,o gslro,s6o
jrqry,q6boL Bso6qno) 58 J6q3X6go b,>gr6orrtscr6obo ltgobrElro obb6o6g6gbC53
drnqnmqrr, 10 J6er6356o Otlrnb3q, 6.:63369ca qrs 32 J6e436go Lrb3r 3X6do o614o6963094.
0rcoo 6.r6r$oqrgbr qtgr63ob 3sq6botr Eobgqr3oor, 6.r6br3gor6gboor 363qrogo63bob
6.lor3sq,otr$o636oo, erbrq,l 6ob3sqg g.:l4ggbs. .:b6g, ts3q9r63boor qrr}rqr 6olr3rq' BJJpCAT
b9q,tsG6ruq,3b3b6o r6bXb2q,o Jo6obg6olr Uo0doEg.
bsbst6r'r t6ol.r3g6oqrr6 brjr6o43q,r'rtr t-rrbr63o t.,oboCAob 066d6r'r6o,>6obr 33qr.>3
6s6lt3gofigboor 06ots3fuq,o3r5or br3rql3$rn 6olr3ob 0o016o. o1906r, br3sqpgo
t6ob3ob $rn6ob .>6b30e6.: rq6ots63q,o 6otr3X6ob 06oB36gq,o36sq9 Ag06o6g6sb
gt6g63gq,g<ngb.
brjrt6or33qxnlr lr$,r63n boLOCAr 5qg&lgro36r(, r6ob 3sJogsqrob3bgq,o qrs 6uB6or
br38rt6otto 6gbg6bgbo go6r6b36o bgrboq,g6erbob 6obg0ot-r tsglt06o63bq,.lqr.
Jotogg6rqg Bdrq,CAr 3sJo6rq'oL b6q.ooL r63try6l4bo, 6ro6o69 rj6oobgr6cnr
bodq,oX6oU, rLg3g Em063bor6erbob 3gorboo. l-,rJ6C(r,Oo qrr6r3rti6g0ob ts30qr6oEo
0s6gbob Eg0cob3ggrtsog, 0.rq.rq,o lrsrnSSt6rGorn 6rng3bobs qr.r 13re6o6o3g6o rjgogr.rbotl
6.rg01r'rb3b3bob ts3lsb;0olr.rqr lt363qrogo qrrbrb.:6a3bob tsgE6o6gboo 6$er$33gq,o
0o0g36or6obolr esbrq,,o 0sB33fu6q,3Ao 3gr5rn q6rn3boor 0rr3q66rqr g6qrr ts3grbqr3b.
rE.rborr6, 3339 J6sjgo3,:3o rqr.:Jgo6Xbgq,o 3rn6gr66o3qp6o Ls$gqrr0bgq6gq,r'r
Srnqngo3ot-t Eglsbr0olrsqr, L.:$o6rn36oL Bg0ob333r8o ts3rq56rn 6ob3ob $rnbolr
Ar6JACOqlo E306o63br bgfub3q, 3ocnr6gbr8o sb6X Jerg366o35 Bg0r3rp63q,
grj6r.r6rqg tsgodqrgb.r 6r6obog36r.rqrXb.
2012 Sq.b 5r60r3q,obrtso U36-8r 63oEg!.r3r J$oOrq,oL rq333.rgg6rnbotr
5^r6sbq,g0gq,o qgbgq,3b.:, 6r.r03q,og gggdEgbr bsb.r63o b3q.or0bgq63qro6olr brbgq,otr
JoaoOCOol, .brbgq, Il-obs" qrr ,,br9egq, III-olr" qrn3g836g3bb. 6rbrbq,CbUq,o 0oq6<n6.r
5gt6o 01)sq.o ojbXbr Ern6p63q,o 3o0gt6go3qro 6.:6396o11 6olr3ob J6ergoqbS.
2012 $3gtr .:bg6 86o0363q'o3r6o U36reqg0r 3j63oq9s [r.rerJ36sgom 6oby0otr
0r6or3ol-t tss6Brrlr qgsbrg3$sb qrr J6sjgoJr8o erbC6Agrb. E30gtss3qrs b,:reCq, II-ob
b$rbqrr6g3btr3 p.lggd63bgq,o ,rb.rq,o lr.:rnJ36r6om t6olr33botr 016o6olr qr3bgq,3bob
J6rn3jgo.
0rnEb0,l696gqrcn: ggq,3b3bob qrrg3ob 0b6q b3b-o rbo6go3q,Cber JrnAC60oUq,
0r63Xb8o cgrgojbo6g0pq,o Jt6gg369co3bob 6g63q,s63qr .rbsqnSb. $q,olr
6.r66.>3q,obrtso
E3o6o063brnqt 3o036go3q,o bs633boU 0b6oqr$ 060b0r63b3qrorr o6OJ6CbCbot
6.ro3.tq,ob$o63bobs qt E.ron go6.:5bg6o 6r6sorq,Sbob perbotr sEsq,q,30otr 33olboor
6r6bo6gogq3bgq,o qo6olrdogb3bob 3'b;6qo g36qrg56os. 6s0qgg6o83 3r'r0966ogq,0r
6r630s tsA|06r bJg6orq,g6o bUJqCO", 6n03q,og Ern8bEr6gb3q,orr Sgqg63botr qrr63.:t_r
3dg363bs er aoo6r3b ,bsbr63er 0oEl-rrbgr63botr 5.:$33o1_r.>b 8r'r0b0r6gbq3bobror3oti
r3goq,gbgq,o o6go66r6oob 0o$erqr36ob $3bob" do6oorsqn rbJgflggbob
0o8b0s6Sbq,obror3olr 0t6go3 er Ab[rJACb 36sb3 rbb6rb. 33q,s3 dtqr.r8o ogo b3bbgbolr
$o6ab$6X0rq9 qrsgr63ol-r b.>3ro0oboob q,odogo, 5.:g 3e$3g636Gor[ a6oB3hq',r.lg6re
U$UtrAer b3qb. b3e-ob Eo6s$oqp0oor Urjs6o63q,oBo Jo6gq,rqr Br$r6er Olmgq,or.r
erbsrbgotr ('eC.
br.rqto Jg6oerqoU 6r6Ergq,ob.:Eo E6ots36gq,<'r3r6o r6gger60gbo Ar6r6er g6o36gq,o
br63ob gobo3g6o qrs J6r.r66.:0gq,o o6g6rb663j63t6ob 5rlr,:g@agrb3bgbq,re. 2010-2011
$q,3btso cgJobC66r,:b.>q,o Ls6rqr.:beo er BiroJ6o j.>qrq,qr3boL r66r6otsb$r'r630ob
bob$Car 0,:6o13olr or.r6r0gq6r'r33 aiqrq',OCC6oq,<n3og6o 83jr6o'b0g0oor. lmbggOol-r
erEC6bArA j3ggs6,:tso 6r63otEo6obo s65.:6otslr$rn63br Jo(gCA 3g6rn gtlsg6cnbr.r pr
b$6rgo brbsq,s. brjl6o33q,m8o 0r.rj03qo Buqlrsgo b,rbb6Xbob t-r.:3rqrrbqro
bot-tg303boqr;6 06ots36gq,rn3.s6or e6rlob 63rq,36 635o08o s66r6o6l-r$r.r6gboL (RTGS)
13
boUOCar, 6xn0q,olr 0gq,r'rbgq,o e5 elJg6r$er6o Cdmg6*Jq," b.r63or. RTGS Lrob$Caob
03Ego6oo brn66ogq,qgC0r tr:jsdrryqx'rBo C6xng6Ugo 3rq,'J$oo br63orBrn6obo
6rq-or6o6b3Coo. o6o b66q,sqr obQ36trnqfuq'ot bJCr6or8Cqxdr 35o36gq'o br63ob
BJrorbo jsqrq,qggbob r66r6o8b$o636ob boU$C6rbor6 (CSD), 6r'rE3q,o6 $r60r'r.rqr66b
l-rrbgq,6$ogo grlros6o jrqrq,pg0ob q63mbogr6b er br3r}6m Jq,r$grn60rL. BCcgCArsg
l-r.rb3q,E$ogo BJror6o jrqsq,qg3boor rnJg6r6o3bo, 6rn6o66 Jo63tq,rqr rb63 03er6rqr
6rbs69e3 ber66ogq,q60r UBCqrbC 0"qCb3q> DVP bob$30oor, 6o9 J6s3$o33q,sp
BCqlsaAJ r06o6gbb O6r6brd6ouql 6rotr3C0tJ. 36<n3fuqo bs63ott bob$3836o q.or
o6g6sb@3jg36eg,o 6ggrnOaob gr66q,300o, 2011 $gq,ll glrjbJqgr$4ortso 5rots3s
lrs36orstser6obo 63bg633bob Er6ro6ob Ert6or3ob rbrq,o ttoli6SEs (WSS), 6o83q'og
lrrtsgrq>3b,:b odq,g3s ql6ooL 6grq,36 6ggoEtso 6r6bot66o3qqr3lr Lro633lr$ogorn
ttjOorbrnbr r6rq,oooJu6o qt b.>J6rn66r'rtm ltJJfiiOCbob 6ror3rqotr$o636oor. 2012 $3q'b
0o0qn6sr63o@r o6g6sb66ryjgg6ob gg6j6oer6sq,ob ts36q.o6o0o 6.:3&1o63lr3bobs qts
6lgr6on36ob br6gtsrrn3bo.
brbr63o o6S6,JrO6,SCOU6ob 6.rg&5rnb3b36olr SSorboor rql-r.>6o36s3or, 6xn0 20f l $3q'tJ
br6Jcb8r qrro$g3b Em6b0cr6gbq,ob .r66r6oB3bob IBAN ger66r6tso 6rqrsg3,>6s. 2013 $q'ott I
o55a6o(rrb Jo brjsl6o6xq,rfi $36o$ot6os!4 lrsbr63o ar(gsbQot oJ36r6o3bo
6rbbcr66o3q,q93br 0boq,erp IBAN goffir6otr r66r6o83boor, 6oorrg 06o8363qro36rqt
8306o6q.o3bt r66r6oaob 6oa6ob ts36qm0oor 0oorooS6ob tq,,Arcp(')br QJ ArQJbqr}tr
o.336r6cnb or$bob 6o0q3bob'>66s6o81cA rltb3ob bs666dqo3obl.
pq3obrorgolr 3r6cr36gq'o gJE'COoo s66r6oBbSrn63br, bb3rqrrbb3r br63ob
6r.r0b0s6gbgq,b tso6olr E3lsdq,g0gq,or 6,:6qr36o03 $s0ilo 6r6ber56o3q'p3b,
0rjtro0.>qp6rqr gbsg6cDbrnq.o Qr a0o6,C q'r6Jbr613boo. ts3L.>br0obrqr, ltbr63tn
r66s6otslr$o636ob oEg6rb66gCOU6Cql" 639o66.: ts3brdq,3b3q'or bsjr6o63q'r'rtso
do6oorrqrsqr qsb63q,3b3q,sqr Bvro6rq'ob. ,:fu.:6ofl$er64bolr q'o33oqr36obolr
gie6a363gq,gogob 0oil6oo CEx"A6"Jeo br63ob 0o9er6o 0rn8s3sq, $q$Eo oj630,:' lrsb.r63r'r
qrr r6rbr6.>63o r66s6otsb$er63bob bob6g0g6ob E30qr6rn0o br63oo56Cbr, lrt0r6orq'3b6o3o
br6C8rnLr qrr J6m6gqrg6g6ob qtb3g$r.
2072 $rcb b.: js6or33q,<nb 36rn363q'o bs63o 6;6r56dgrbqrr l$jaor6erbrlr
tr6r6oli6o3g6o obgcr6Orgoob br6obbolr r3rqq,3bob.> q)J am6rGg0olr $,:66r'r36otr bob63tl
J6rj3bob nJgo0o95s6oob Eo0r6oryq,30oor, go6rblrS6o qrr bgr63c'r b3j$rn63bolt
tl6r6otr6o3.:b3 E<n0tr0r63bgq,orr bgq, g96r'1 6br6qro 0rncnbo363bob E3l,r,>bs0oltqr. sE
0o9c6ocn, 0o0qnbs6Xo0qrr go6s6bg6o, Er36rnX3rn6er0o33t6o c.or b6r$otr6oJ56ro
0r.r6sgg036ol-r 6erJer3gboli, era3Br3Cbobr qr p366gq,g6olr r36tn8r6otrs6ootr bolr63Sotr
(t5bb6.r6o) E3Egtsr35b,: qrr q.or6C6&3r. boU636.:, 6o03q,og 2013 $q,ot-t o36olroqrs6
.:0oj03qrqggbr, 36<rn 0b6o3 l-t6s6ob6o336o o63r'r6Er6ooli 0oE$r'rq.o36qrgbb ts3333ot53bb
er6rbr6xcbtr, bmq,r'r 0gm6g 0b6o3 6sot6qg0r b6s6ob6o336o o6grn60r6oob Er'63s.
3r6r'r36gq,o br63ob t46p6ryq'o 66$t6ob b,>obgo66xn o6g6rb$6ryi$36ob
5.:gale$3b3bol-r EoS6oor, 2012 $3q,t QJT6CE AT j. cnboq>olrtso 36or0r63orobr6r6
erasr6cb3E o e6o bxq36uq'o 6g6$6ob 1636r. rb333 36o363q'8r br630r ts3i36s
Ls6gqbg6grl OX6g6o, Lrqrs6 6,>6or.:gbC65e.r 06o63 i:o0olr b.r639r363er b363363q'o
6666o. tsCcgC6rcg, 06ofu63qxn36scg 030go6q.or 3otro336o obg6rrb663j636ob
l6lr3bgq,o 6otr33bo qrr 6rogcr6qrr o6got6dsSoob trso03qrrrnbolr b:6obbo.
2012 $q,ob 6er36bg68o j. cnboq,obBo ArAr6ol3q, 3ob363lts36obrn3bobr qrr IT
o6r.r3rgo36ob 6ogoor 03-5 636oobgq, 3o6gX6356osb3 (GIn 2012), lr$r6or33q,rntt
36rn36gq,0s br636r l-rsO 6r.r0obsgos8o 6ro8r6413s - "$Cq5'bC $56ar0Cb3q,o
ofut6st-rg6gj6ga'rgq,o Srqrr$6Xgr", "l$g33or3bo IT 8g631E36$o" Qr ,,$E ob brSSor3brr
IT".
14
S30r'rrq$X6oq,o o6g6Jr66,fld$U6gq,o 6ggrn60gbob ts3qX6rq 06o836Xq,o36rq
E386o6q.os g6r'r36gq,o 6163olr [r.rcrJ36rgorn 6ob6bo, 6ro$r6qr.: lrob6303botl
glr.>g6ollrogb,:, b$rboqrg6rnbs, 0qr66.>qrobr, o6gcn60t6oot_r lto8sqmrnb.>,
3o6goqrg6gorqrobr, 6oqro.>6obs qr.: bgq,Eobl$3qrr&nbr.
ttjs6or3gqerb g6er36gq,o bs63otr gobo3g6o o6gr6.r!66gj6g6o 6sg82gerb9b9botr
3gorboor ArOr6CbUq,o 63qoq6b3boqt6 sqbr6o86.:3o.r lrsj.:6or33qrotr 36r'r363qn br63ob
rqr0o6ol-t66,:6ogq,o rngolrolr 6sqrslr3qrr rbaqr Eg6o0.ltso qrr rbrq,o lrs3slrer 6g6$6ob
E0X6gbq,erbol-r qgrb6gq,gb.i. lsj,:6orgqob g6r.r36gq,o br63oU .rbsqn ergotro 0qrXbr6gmbb
br6.>Jo6rnb jgtsr94. AqCAAC b.>jr6o53q,<nb 36rn36gq,o br63o 6r0qg6o8g tsg6obr8o ogrn
6s6cn,:3t-tgbgq,o, 616, orr3otrcnr3rqg, sgSSbX0qrr Oob g8&1g36 gg6jgoobo63brt-r, 6s6qt
.>Oobr $rn6gobg63q,o E36rnbgbo 33q.16 Jsbgbrnbqrr qrs63obr qr.:
Sltg6orbre3bolr
or.:6r0gqr6rn33 Eerorbrn36Xblr. gobo3g6o obg6rb66gj6gr6otr 5.r63oor,l636sb3 b6ry63r
g6o363qdr 0r63E,>, rb.rq,o, br36orrtsr'r6otro tlgr6qr6ggboL E0lr.>bt0olro ls3liro g36g6otl
6ts363bqxnboor pso$grn. cDr6rACe6srBC g3j6oqrm6og6ocn rq]g6goq,o b.>3st_rrr
936g6o
2012 $qrob o36obtso 6roblrbr Cgr eeCb g33g Lrgr6or.r8o6olrr.rqr rqor6gbgq,o 6ce603bob
Eobgqr3oor, qg.43olr.: er gbsgr6cnbrngbob r36r'r6r6obo63b3q,o lrobg30g6oor
Eo0qn6.:63r.rbb 6.:qqr ggq,arsb qr.: g.rl-r36qmbgborr6 qrs3r3tsor6gbgq,o g3gq,.l <nJ36sgo.r.
rAtbcDr6, 2012 $q,ob qpgC6b36tso AltrJq,g.:gsgortso oj5;
6,:tsg3bgqo 36o36gq,o b.:63ob
C6ol-C6orr 06o0363q,o3r6o - 6.:q,qn B3qob Es6or3ob l_robggOs. boboCaob er6C66gotJ
E30pg5 g6r'r36gq,o b.:63ob rbrqr ljJ3rt-rrn 66g6ao C6(n36flq' br63ob brqqro ggq,ol.r
0.l6or3olt J6r43t-ro brber tJdAlE re r3()oAJ6o95o6gb11go.
2012 $3qir Ooq3bgqro 6rn6A5$o3q,lo q9o3g036ggbo!.os6 ,:qlr,>6o06.r3os l5jr6or33q'ob
Jr6o6o "Lrarerbqrer Uobgg0ol-r.r q,J lrrarerbe.t 0r.r0brbg6g6oL ECbrbCb,.. Jr6o6ob goq3botr
Eobr6or bsj.:6or33qrcnb tr,:6.:qrr\xn bob63Aob glrsgr6olbo, 6q66rqn
er CBftl$orbo
g36j6oo6o63bs. rlr33g 06oil363q,o3.r6o l$3,:6rn60q_o3bq,rr 63q,oqpbgbo 6rbbor66o3q,qr.:
,,lr.rjs6or3gq,mtr 36rn36gqm b.r63ob 33bsb36' bsjrr6cn3Sqob m6gt5gq, 3r6rn68o.
3g6doqr;
- Ctugb3ql b.r63b 6q6ols lrr6gq,o ggq,Xb$rrboq,3b.: .b3qr.l8b3q.o3gq,c,rbr 6rg$or'rb
Lr6rqrrbpre botroCAob nJ36rgrn6olrs er trr6re)rbeo Eo0l-r,rbp6gboL J6rn3sop36otr
lsj0orbrnb.rl-r 6roro 635ob66.r6oob, 636otr66.:6ooU 6,>gj0gbol_r.r pr Eror3olr 0o6oErgg6o
0rnorber363bob q.orqrp6ob, ts3.bqT3q66bobr qt br6jgo3bob qrr$gbgbob
6%oo;
- 830etq3bgq, oj6.r 33,:q,ogogog6o trs36gqrogo oEbgogggotr 663br pr g5r'r36gq,
b.:63b 0og6olr ggq,36r0rntnq,3br oS6oqrogqn Jor6o 0ooB6ornL 33.:q,ogo6o36
br363qngo o6b6o6g6rq9. gr6er363q,o 0163o ggq,36s6r.rboq,os g.r6.rkn66o3q,olr
33,:q,ogo6og6o Ls36gqngrn o6bgogggob tlj0o.r6rnbolr 6X63q,o6g6,:, 616 6r.ro6r3b Oob
636ob66s6orlr, 6g6olr66r,:6oob 5s3jE3b.:b, 6gbsgg6obn6olr 3r6ogg6og0gbolr, 6olr4bob
6.>05qs363bob, 8o6o0rq,g6o 3s3o6.:q,oU, q,o33oqnnbobr qrr 6ercnbgr36gboL qrrqr636.:l_r,
.>b63 tsg0r.rg0Xbrb, ts3bqgp33boLr er br6C3oCbotJ
ergCtrCbJr;
- 6r6bot66o3q6bgqn g3q,oqgboor g&n36gqr br63b,: qr.r tr3qg$bgq,mq,nbrtJ
q9s*g0qgbs6tbgq, bgbqjggbb 0o6ob 0o0oS96r ts3odq,gb.> 6r6bo66ogq,qr3b 6116r,169
aroC6orq,fl6o, sbm3 gq,cj66(')6gq,o gcr60oor, 6n0q,3bb.:6 g6o]3bro cnr6rbr6o
o36oqrogq,o drq,.:.
6.>6qt.: b30rnrq6ots6gq,o g3oq3b3bol-r.r, 2012 $3qb flr'rflbrqrqr.r (r5 ara6.1o6r 6obo
6rr60rgogq,o sjg36o. E,sor tsm6olr: ,,1l:6rqrrber'r Lol_,OCACboL tsgtttr3b" Jr6o6ob
Eocnber36rorl ts3lr.rb.:0ob;qr, ArAOJo3CbUq, oCbr ,trs6rqttrqrn 6o0brb3636otr
36rn3rop36ob brj.l6or3gq,rnb 36r'r363q, b.l63tso 636o1_rg6r6ooUr qrr 636otr66.r6ool_r
5r3j836ob $3bo". .rlr333 tsgO3ts;3q.r .Ll5,:qr;bqro bobg36ob rnJ36r6or5ob lr.rj.rtior3gqrol_r
36r.r363q, br636o 636ob66rgoolr qr.r 636ot-r66r6ootr 6r3j03botr $gbo".
▼
15
I Acar66r,go6oAop6o0!610o
1.1 0kngq'orn go6<nAo3.:
2012 $gq,b El-rr.rgq,oo 13er6rn0o3olr b6qr.: $o6s $3q,or.r6 03qr,:6g6oo 3oq33 ggt6rn
03gsq9 tsgugbgqrr qrr 5q,rnbrq56o 6r$6brq36ob J6o6glro brg6orbob i3g8 qrrqr5r.
0er8bEs6g63q,or qrr o63Xbgr.r6cns 6qrn6ob eCBoGoOo ps 6rg63g3q,r'rbr 06o8369q,e6rb
qrrb63oq,3brb j06oq.or 86r3sq,o 6s63oors6Xbgq,o jgg6olo3olr, l5qrs6 gflgtsgg6oboL
Orqsq,o qxn63, tsg86o6gbpqro 6orqror6o 0erorber36s, gotr3rqx36o qrr go6.t6bg6o
qnbbrq,r6lr36o Jger3so sgrttdqcaJg Jt(mbgg0gbb $.:6Eerre516q.or. E3qt63boor
Jerbogog6or 3oor6gbr 6tr6qr qrr Ar6goolr6Cbre brbgq,0$ogrn36tso, o1966r, lt5.>63o
bCCOo6ob ts3E6o6gbgqro Eerorbrn36s qrr 3q,3bsqn b>36urstso6obrn ErbCAo br6mCgq,
ttg6orbXlr $rt58rntsr'rblr Escrn X3r,r6rn6o3g6o $6qntror3ob. tt,:36cns0o6olro bs3rq,g$o
grr6qrob ftbg) AggJr36oa, 2Ol2 $q,ob 6qxrbsq,g6Er 33r'rbrn0o3g60.r bt6q9s0 3.3
J6o6g5go Egrqr6o5r. J6rn66o9bob 6obSqr3oor 3lr E$g6gb3q,o flbrnq,erqr 0.3
J6rn66ggq,o Jg6igoor 6rob6q66s Egr0q666t'r $gq,b' bgrqrm 2014-6o 3o 4.1 Jr6o356$l-t
bruo('lq)eCbr (ob. qns66$.: N 1.1).
ヽ
＼ V
].
2005
2006
2007
\'
ハ
ノ
′
/
\/
'f
2ヽ .r}6,l ,oro
2011
２
︶
０
．
２
2004
/
＼
ヽ
207i
2014
V
V
ngq,rx'r
-
介
＼
ノ
一
％窃易
鰯跳跳幌ぁ眺２
´
qnrg6r0r N 1.1 6orq,or6o Eoq.o.r J6r'rq6jgol-t 63.rq,g6o b6p.> 0lrogq,ootso
$gr6r'r:
qr.r 6s63ooriSgarqo
#ff6gbo
-B6r{rtrt6J -JaA -AbJ6qn
lrrgt6orsE116obo br3rq,36er ger6qro, World Economic Outlook
,aj:;5i3;
rCoogdlo gob3,:qg6o sgr AoECOT6UE o Jerqo$o3ob 6r6brn66ogq3bob 6ogb3qrs3sqr,
66o$tn6ob 36obobo 2012 $3qfu 6.:q66r3q-os. altn6re0o3s ts306o6qt 0.4 J6t'6g6goot,
berq'o $1093.>6o *xg63botJ, 6X68r6oolt qrr brg6r66gomb, EtlJ 6robr6qrs Oboqroqr 0.9
J6er6g6goorr er 0.1 J6e635goo, Eglr,:br6oltqr. lt.sgo6rblrcn brb63bo $JE rAsG
bpJgo3g6,:qr ggg6gbg6 336cricer6ol-r {6og36ooli b.rbgq,0$ogrnors E$rrnbslr brr$r6o6
gob3.:q136o Cgs tt$Ogj636ryq,o 6ggoffi3bo, 6ob 510o6 E,>or brb3q,l@$o3o 3.>q1b953
br3Orerqr 0rqrq,o lsJ6q3X66o UJt(6p3bo 6r6B36q36r Q5 A6oA36Cq,o36rqg 6crryq'p30r
Orcno 0rn0brbg63bs. 16 0b6o3 Jm9ro6og6o 6.10o1o 6uqtoqr6r 3g6r.rJol-t 616g6rq36o
6.:63o1-1 8o36, 6rn83q,E,>6 2012 $q,olr l5j$3d036[o brarn6rrCAr 0trqrg('}36s l-rslo6r'rgbolr
Eg0orb336rtso ts3odo6olr 0r'r3q,33,:qror6o l-rrb3q,0$ogo BrtroJ6o j.rp:qrq6bo. rq6o663q,Es
o6o6osgo3.r0 AJbJ6er 0oEb0r6363q,or qrr o633!6m6or bQr'lbr Qr $q,ob boq,6.;bor3oL
336otro6oU 9o6.:61-rg6o 0rBp636q,3bo6 6rg03rnb3l.rq.i. EoSbgqt3.rqr .r8obr, .:6b3bgq,o
16
Jt6o66oleoor, Xg6o9co6ob g6r.r6m6o3r 2013 $3q,b qr$r6g0oor 8g06o6q30,: 0.2
J6o636$oor pr Oboq,tnq.o 2014 $gqrb prgojUo6qggbr t6qr, I J6r'6g6gob grpS6oboor.
2012 $gq,l, o6gq,r6oob qmfu 66rntxn6rBo 0oie6ob6q 0$3g6gbXq'or.:6 sbq,r'rb
ts36.>6Bgbqr, 0s66t0 &n0qrg36o $q,g6oUor3ob obgq:rgog6o 0crq,mqro63bo
630go636gq,or. ,>E g36q66gorb b.:jrn63qbr qrs 0o0trsb263brf5C bCtJOo 0tnorbo36r qrr
336do tt3jgm6Eo fuqgsl-rg6$3 tsg66o63botr66 0o0rt6orgq,o SC$-qr gr6.rJor6obgblr.
6t6oJob orrbsOts6oOq,rnbobr qrl 6r63oo.r63bolr rnt66r6otCr6oob EgglbSboor, 366rn9cg6o[
obgq,r6os0 2012 S3q'tr ltBgsqerqr 2.5 J6c4g6go Bgrqr6o6s qrs r6b3bgqro J6o66rntoor
0o8qrg3Ser SXq,b 2 J6c4966or6 0ot6e$6o3 OrBgEgbSqL B,:0r'rgq66r (ob. qnr66.>0r N
1.2).
qnr66.r8r N 1.2 o6gqrrgor fllogq,ootso
∧
ヽ
ノ
レ
一ノ一
2004'
ヽ
ヽ
＼
200s
2006
2007
^2008
し /
2009
2010
ハ
2011
2012
-2%
-flteryq,rm
-C36<'rt<'r6i
lr.:3t6orstst r6olrer
$grttrcr:
qrr 6.$gnou6g0rqro &CS6CS"
lrsgtq,ggo go6qro, World Econornic Outlook (r,rjg. 2012)
2012 $qob qrrt-rs$gob8o stsE-olr 33cr6o8o3r 6rdrsq,oqr6Cq,$C aCore ob6q6boqt
Oobbgb o63gt-rgo6o36obr qr 3jl-rJo6gob brFrybg. or3E6r, ts38q.ogrn0 Jg{ior.rp8o
sg0.:3q,er6: ts3g36bqt, 36oro 0b6o3, A3U3b636gq'o 6q,r.rbrqp6xr 33r.16o0o396o
rjgo3r.rbob, boqrrn, 69o63 Eb6o3 - gob3rqg6o Jerqrogo3oU 63q,oq,3botr 6o113olr b6qnb
Arao. 5q6o86Uq,o 6ob3o Arar.l$BCUE o ourn tJrboUXCOo qrSgo6ogolr 0ob.rq,rnp63q,o
Eg06o6gbocrr (fiscal cliff) Arq'drrbrq'C6ot, Ar%6q,otis er braolr36rr6rl bs626boti tsgp6ol:
6bocn, 6s6 cnr3ol-r 0b6q 5rdengg3lgr CbetAoC6 6C0gborb 2013 ggqb'.
UJrErbJ6Cq, SqlCbA",:Etl-olr g3o5rnSo3ob 5rar6trsq30ob 96or-96o 8ors3s6 g$grn6t_r
6oS63b o63jL6o6og6o gr60rnrq6gbps, 6s66.rd 2012 gqob 03<n6g 6sbgr6tso r6t5bgq,o
5.:g633g3qxrbob Jo6rnb360o god8Xbob 6ob3obrqr8o 6oqr633oq,3br E6oB36gq,o36.>qr
E3Ego6qrr er ACeC6rqg o63gbgogo36b3 Er.rcnber36r Bgbgb6qrr. Ar6e5 raobr,
3E3ts936r'rbob XC6 JoeCB Erqrq,6r q.oer6g0 B3.g36br ;q6oq,rnb6o3o 0r,robr"r36ob b6qrr,
brnqrr.r 6qrobrqrp6o g3er6rn8o3g6o 36o$oLo 3o 6g86o63bgqro LrbJ6Co 0r.rorbcngEotl
0o'b3bo 6rbqgs. o1306r, rpbrEots6rgor, 6xn0 5 Sq,or6o 3s6q6otr BX0q96r,0 ts9o6ots6g6oq.or
gd6r3o jo63bob 0rle6ob AJAerOrnObq,lCb;, 6.:[16 b3q,o tsgfl$gr. gtsBCpq'r'le q)rbrE Ar
brJ6rnggbgrn 6JEB3CoCAAT oJr.rorgp6 trgbb36tg. lr$<nq,ooqr, rtsB-o[ 0orq,or6o tsoqu
1
6rrtr3o 0366r3q'36.rq A30gnt6qr Arb 0X0q36, 66 2013 gq,olr 2 nrfor6b dJq'rBo ACaoer Alt"rbJAobo
Jr6o6otl
3r0J6o6oltgq'o 3,:5()160(), 6('l8q'ooJ0 (,r83Jb3q' oC6) AreiLJbreJAoL Uts6('' 6JJq,CDo b6er, AoCp6C or3qpstofugq,
3r6oJ6OEo, txrq'o bJ6XrAoL J3o,boo) o6r)ootoo3rbol, Ar6boqtr 6raq65o63 or3oor 6rqr,>ogro
17
L
J6oqryjgo 2012 $0q,b 2.3 J6<')o35ogo 6solcs6qrs qrs J6rn66rnbob 0ob3q6oor, 2013 $3q'b
0rB396gbgq,o 2 J6mOC6OrAeC Aro3qpbb goL3.>q26o gri$o63bob %96.:3q,36oor.
Bxb3b63bq,o 0eober36r 5rr6g33q$oq''ra.o robrbr br0o6bar63bq,(1 g.rl-t3b9ca 1ts8-tso.
o6gq,rgoob ErB33636gq,o 3.1 J6aB96$oq,56 (2011 $.) 2 J6om6$.)0c93 tsg06o6qrr 2012
$gqb Oogfuqgr3rqr o0olr.r, 6r'rE g3qg6,:qgr68r br659ca63r'r Lob650r0 3oq.o36 536r'r aCOrQ'
E3r6boq,s 0er6g$stl3q'o Jrnq'o6o3r. acoa-cg, 336$6sqg6Er br630r 6r0erod3r
Obspgog6r, g0gB336r.rboli qxnEob 6.5 JGx'rGS60bC aCO.:qP E30go63brq90q93
E3g6s6tsgfubo6s gJ6rcge56$oq.o qrsbrqro brJ6<n66$er 6r$1333oro (federal funds rate)
2015 $q,ob 0gr.rt63 6rbgg6sEcgC c9r, 10rlro116, qMr636oor 5l59er6qrs ggq'ob 0o$rnqr3br
o,)morg3g6o grlrotEo jrqrq,qr3bot-r tsgdgEoor (mongage-backed securities). sA Srd$Cbolr
6ro6rq,olr$o6gboor, 6rn0qr66r'r $q,3b6o J5rn66rntot6gb3q,os obgq,s6oob td,cgl
brBgsq,rnqr 2.5 JdxnOCSOraAC.
6.>63ootr6gbgq,o jggg6gbolr bod6Xq,ggbo roltbSbs 0tl6qr qrr 6r63oo56CArG'
brbgq,O$ogr.lors 33rn6rn0o3r94g, doFrootqrsqr, E30Oo6C63q,o bs6r63re 0oorbrn36obr qrs
lljrn6gq,bg r6r0q66rqro gst-rgbob Oolegtoor. 6s6 ts6b3b,r SibJet6$b3 6s3q[brqp
qrsOo3oqrgbgq, CACgECab, Sror ts38cnb3gr6o 33o6rn0o3g6o lr6qrrb ts30.:g56bgb3qr
gsj$rD6rqg o63g116o6og6o11 6s3q,3berbr q,r AgbSb6Cbgq'o tsoqr.: 0rnorbrn36.> 5333q'o63br'
Oogb3qr3rqr rdotr.>, 6qrobrq,gt6o J6r'r66rnbolr orr6rb0rqr, 0trl6qn qrr 5.:63oorr63brqro
gyn6rn0o3ob Ajrn6g fuCgbgbob t6q.oob JC6,bJCdOc85 6r3oq'Cboor oEgqrol-rOodg3Eor, 3oqr63
J6rnA6o$olr
6r63oors6gbgq,o j3X563Aobr. 3X6drrq, tt36orsBo6olxr lr.r3rqU$o So6qnll
Oob3qg3ooP,2012 $3q,b q9sgojbo6563q,o 5.1 J6q356$or6o 916pob E50q96r'rE, 2013 $3q,b
0ilJ-oL %6qr 5.5 Jtcro6366L Sorq$6L, boq,rn 2014 $3q,b 3o 5.9 J6er636$s6q3 0oo0r63blt'
09cr6qro q,r Arb3oor6CArqro ggobrnOo3olr ajrnbX #XgECbAo o6gq'r6og6o 6obp6o
E6o63r. 306r3q',glr 0ror6s6tso lt36.rerqr Eg6boq,3b3q'o aerbC$rdruElo &ngo$o3olt
AogQqrs3r<g s6stn30r6obo X3rn6cr0o3g6o b6qrr qlr 36Xpo$1rg 6s3q'3bo
bgqOobr$3qmOobr AJJCbbC 66oB3fuq'o3$ S3$oq'rb 3C6' j66ob' 2013 $Cqrb
0r'rlrsqxrqg6gq,6s, 6o0 lrU6t-rronb gJlgbo b3$rnq'.il tsg|66ob 6coq,or6 obgq,,r6osbg o1306r
2013
6r63oor6Cbreo fu3g650ob o6gq,rgos 0ro66 'bo0og6o oj630r. l-rb3-ob 63g.>b96oor,
$3q,lr Entl.lq,rnq60q,or 5.8 JFm6X6$o o63qrr6os, 2012 $3q'b grb3bolr 6.1 J6rnOC6Oo,s6o
t6qpoL E30q,96.
t[jr6or33q,erb ,cabt6oqlb l$3.:]5rn Jr666oot63btso 2012 $3q'b 0363q'3bgq'o
tsCQCAseg,
33r'16o8o396o %6qrs ts3o6oE63brnqrs. Eoqrs 0oorbo36ob B3tl3L$3boL
org6fu<rrrb 6CoqU6. OtlJ-otr t6qt0 Eboq,eqr $q'o36o 3 J6ergg6$o 63,rq6obr, 619
ono{6olr l-rr0a36 tss0rn683br 2011 $q,ob 0,stsg63b3q,tr. Eerorber36ob ts3b31r63b.: 03s363:
Eo6ggr6gq,0s Joq,ogo3.ra q)r amabar6cbcq'or 6(mbotr E3ago63b,:6 Araslo$Sos
obgq,sgor 6.5 Jdx6366oqrr6 (2011$.) 8.7 J6rnOCs0pAqpC 6so%rt6qD 2012 $3q,b,613,36cno
Eb6q, 36366or6gb36hbbr qrr lrg6brorSs 6r$6Qoq,Ar grbgbOr, boq'o 63rn63 6b6o3,
(orArOCbUq,o qo63bgq36ob 6rQJJtbrsgob b6Q$ 6r6$o6r.tas'
2012 $3q,b g36ro6ob 33('r6er0o3r 1316 3oq53 6s6o6qnqrr 2008-2009 $qrg6olt
l-roU630g6o ltbs63rn 36oieot-rob U56urn3oo ir36l3q,36sb, 6.:lrsg ors6 36o6mqrr E$o6o
br6r63o 0<"rorber36.r sq0r'rtrs3q,gcn 66o.lob jgg6S6oqr'>6, gotr3.rq56o 3o6lroq'oqrr6oolr
s6sorr60o0q33r6gq,o JSrr3glro qrr b6ojogr6o J6erbq'303bo bregq'ob 033663rnbob
bglgo66o. 6rpqry6o aAJ 3 J6rn66$oor 6roier6qrs, 616 2.2 J5r1X6$5qro J36j6oor
6u3q,3bo.> 2011 $q,ob 0rts3363bgq,b3. o6gq'rgooll 0r83363b3q'o 2012 $Cqb 5
J6rn6663q,o J36j6oor 8306o6qr.r qrr 2 J6qp6$o E3rqr6o6r, 6s3 do6oot.:qrsqr
2。
b world Econonuc Ouu∞ k(ぃ 5obマ 0650。 53b
201助
18
bralbJot66o 36oqryj6o.>bg lt36orrtser6oltn grlrSboL 3q'g0rq9o g35qr366ooot ogn
6$o$359q,o.
1.2 g1o6o0o3gt5o $6ryu
2012 $Oq,b jggbob 63rq,fl6o 0orq,or6o tsoqgs 36rnqgi6o 6.1 36c436$oor 6ro$st5qrs.
g3t'rbrnOo3r Orqrq,o g3aJg6oo $qob Jo6pqo brflo JSr66rq,ol-r As6a53q,o$r!o
oS6qrgboqrr. $q,ob Jo6gq, er ACo6C a3.:6grq,Xbtso 63.rq56o fld3-b $q,og60r $6q9r0
6gltbr0obsqr, 6.7 J6o6g6go qgr 8.2 J6o6g6go Egsqr6o6.:, E3UrOg 6r6grq'tso 6)Crq56o
083 $q,og6rq 7.5 6robr6qrr. Sq,ob bgrq,crb lct6qgotr g3030.5 o3q>r.r, 6.:6 6rbbr3go6Sboor
d333o6sqr E3erobg 6s6$sq,tso 65aogq',o6Q5, t6r.rqgCbr6 156QrO 2.8 36r43fuo ts3rqr6o6s.
EtsJ-b3 ArnjA3qn b3lcer6gSo grjgo6gbob 6r0rn6ogb3ocn 3o6;glgo6t3b3q,o
0o6.r6X630ob Oobgqr3oor, 33o6re0o3.r gopq, 8rn8q9g35rn 3316go98o ob6q6brnqr.: $o6r
Jar6Orq,olr6 ts3qrr6g6oor, 0grnorbg 33r6grgob ar6er. ra8gr6rq Egb$t'r636gq,o
6o6r6303boco, EilJ-b lr6qrr UACq,rbC Esqsq:o ogo E3b$g Jgr66rq,ltso (3.3 J6o6X6go).
$q,ob 3o633q' qrr 031103 E3r'robgqr3btso b6eob OCaJo BXqr.r636ocn (,rbrq,o ogr't
(ts3brbr8obsqr 0.2 J6r436go qs 1.2 J6er6366o). 616 03gb3bs OgrnorbC $t60rq,b,
tr3ber636sqr ts3b$re63b3q,o 0tlJ $o61 33r6goq,or.rb 63pr63boo 3.6 J6q1166oor
AfAO.6qs.
bm̲Nllけ
o3お ―ob
融彎中ら
2010‑2012
2010
trp.rq,{rt q]36,65(!br,It{tntr)L, rrD lro$n qL 660c,bJ,
qto[]'t{.{,) pr @r%}J{tr
恥 事XⅢ
‑4896
Ю 4%
80る
060/o
35%
13996
71%
U$onAdsrirr8oorr a6r*r.tc'FAt
Ⅲ
a-€qlar3Jfuqh arnfuNEh\
20296
1 4qb
20ん
Q瞬 ヤ
ヽ崚
o巡
"も
蒟 G軸
喘 mヽ
a¨
I
‑4602o
Ю l%
aAr6rlsE(1Or
6596
0496.
S536oar: J3oa*raqTb.'lt, lb$rAJ0bcBt'tr&1 E Sri.folrt
141%
18Q0
13196
13て あ
00b oメ ゃ崚
♪
゛ Юt
96
LrqSQq*.1F er
.j.x)"-ill-nro,
JdLJL:Jc':ll,
M$t'J6Jl)
Jll6ije5.^:':)o,
&r6rEclr!6trrh6ol, lqporS(,Ds Ar AoEiAJUGSJ('aJbolr
u)CtuiE,b. aEBao6Cbgq,o tJj('Eqr,lD Ar
A'Bbrbf(6C0d, Er6Aorlolrol$ lrs3gorrt6o
もる0う
聰暉 XP0
‑3306
‑0 30●
Ю l%
%
0096
11%
16496
14Q6
02る
‑2麟
Ю l%
11496
080o
73%
11%
0396
8σ る
0296
6700
0296
050o
11896
ヽ
0゛■
5'る
04%
10496
0496
81%
01"も
9696
0396
14700
040●
24,96
060o
15¨
03%
0496
11396
0596
4296
協鰯瑯獅螂 螂
Xr6ado{qtrt ,l, A\rABr E!'lx,Oo<Z6o
'b̀10o
い oXで 。
5696
10196
U,u0o\tttr,lrr0b(.)86djrf, arAclfl6Cb.fJ Jd6albosr,6,J60D
2012
2011
瓢 。δ
01%
01%
01%
026
29る
01%
3796
3396
α4拓
島
270も
010o
240o
1396
υ l"
0496
7 8Qb
03%
00b
15396
00%
96%
‑0 1Qo
20591)
7196
61Q6
67る
82る
0396
￢32 ■
10 3Co
‑01%
58● b
‑3396
Ю 39●
&rbar{6rboljoBoL
o!
r.,rlrl,-.r,
..r') n(
fu-,J.Ii(,,.,!ni
n.t..^'^-. A:BrLt}"
mぃ ¨
̲
n,.i[.rb3&1,.li
1306
0290
102●6
1496
75%
110o
b--Olx'(oo.ao f,6x.f,D.d^rr5$.
43%
8596
00る
Ю
R…
639b
00%
63%
7296
7206
61%
00%
61%
6rAJNbrACa.' Jtr,cNrrt.})bC
い
郎
嚇
4Q6
$gs6rer: b,: jb6.>6o
V
19
6o6er66 68J-ob qro6s6o3ob lr&l$rn6r3qlo r6rqrotoqr6 B$[, 2012 $q,olr go6o0o3g6
tct6qutso dot6oor.rqn Sgql"qo qs0r0gBsg63q,o 663$gq,r'r6ob qrr 3r$6erbob trCdgo6Cbb
Oogdqgolr. Ar6q)r rAobr, rqLs6o86.r3or 2012 SCE b 0ilg6gbq,rnAoL qr.r lsgo6r6Lrn
lt.:j6os6obob tJCCOr'r6C0ob 06oE36gqx'rgs6o b6qr qr 6grql36o O8J-otr bttre.rtso Eroro
6sqrq,o SAq.p.. brogq,olr 69g669o6olr trftlOo6o 3o, $o6r $3rqb qrryojbo6C0Uq.,
br3Orrnqr 06o836gq,o3;6o fr6(oob ts36q.o36, Jiler3 Eg06or6qrr. 2012 gq,ob 0er6rffi3boor,
63,:qgt60.r 88J-Es br.rgq,ob 0gg66grn6oBo $q,og6sqr 3.3 J6rn6g66oo, oJq,6.;.
2012 Sqob Ar6ar3q'lr'rbsBo, br3Oroqr Esqsqro t6q.or rts336gb, (6 ACbrbr6obre,
X3o6o0o3g6 9c6qrr8o lt56d6obo Jre9bogog6o $gq,.q,., ts3og.>6gb fu0qgg60.5
bgjgm6gb8r: .g6sblrJo66o", -ttb3q,0$ogrn 08s6orgCq,r'r0r",
"3rn0g$sq56o, !r1osq,36o
q,r 3gt6lro6rq136o 0o0ltb36gbr",
er "tttlgg06o3bo eJ
^3,:3Bo66rbdgqx'rbr"
69l-rgoffig6o".
e56568C6 bCCOrnF,CbAo fuj06oqn qrdr6gboon qro636gq6bob le6qrolr g3qnqn
0orq,or6 lr6qrr8o 83qrs63boo 66o63 oger. Sqog6o 3q,gbr ,,lrergq,ob Egg66Xobolr"
l.t3C$o(6ob ar6er Aboq'oqr ,,lr$orrnErnJerpboor 063$gq,rn6,:tso" qrsgojtro6qrs, 616
br3t6orstsc.rt6obrn 6rir63b$g $orqob3gq, 63q_oq'C3q%3 0oobog6ob 3qpb.ltr g3.:38or6q3br.
&tofiocds
2012 $3q,b 6o0o6rqr36o OBJ $o6r $3q,ors6 ts3qrr6gboor 7.4 36{DOC6Ooo 6rotrr6qr,
boq,o OilJ-ob pggqr.rgo66s 1.2 3t6og36goor a<noa\Jt.
t rCbor$ob 0mbr6303bolr 0ob3q6oor, .ltb<nq'om 0rnb0r63botr' JrOCAo6or
6cr8o6.:q-3t6rqr 4.7 J6q;X6goor 6robr6er, boqm .6-*.rt6o 3sJogsq,otr gm68o6g6oti"
er "brCs)bq,obr qgr 0odbrbu6g6ob afbJo6gob" 6r.r8o6sq-360r S6qrs6 tsglr,>br0oLrq.o, 19.0
J6r'r696go er 13.9 J6rngg66o Bgrq6o6r. 616 Eggb36r o0Jo6gb, o5o 13.3 J6r.6g6goor
6robr6q,r er Aobar $oq,Ar 6r.r8o6rq,36 6tlJ-Ao 58 JdxrCCEOo ts3rq6o6s.
gb6oq,o N 1.2 Eorq,or6o tsoqrs J6cnq3igo ps 6obo 6r8rngg63br do6oor.rqro
,υ
Dua卜 A′ t,30t'υ υて
[JΨ l
2嘔
2009
2010
A0{{16(' &e'! I6,',ed0o lr$sffi" Bstoar.,
13′り
0
1● 994
19,い
17郷
20743
bi6rolo l.t!&,<rIr Ernfiaobrt0
12̀4″
&6)afir6q.'aebo
10804
b$Aq'6B., ar6oBrn c60i6a0L.'
2.116
椰
dodrE rQn $J.t3l({n ao{{rSo ts(.f,AoGCDr
3524
AS6IACA.II
731
Bqr(thr
gFi.'rqoo
黎
l})Ccsq'(l, dbJm6oo
2郷
a,'rl}JfE8dr dlllc6oo
1576
dlFrioo
7B●
lj}jasqrir dlrlc6oo
6574
Act,.)bJfobol, dt Jcf,Oo
1,289
C) lSrortloqEt6o s.tEq,roDr
‑ll17
(J EU,SD$., &q'r J6'rqAj0r, lri0rfr6cr
srtnfb
13.詢
1● 瓢
19,075
″郷
(-) hr+'5qr*s q'r A.'fllber6oDcl,
７
岬
郷獅剛３
︲
．
７
G) lndo6qd! qs fireiaa60D.[
24解
22,
17882
4431
1
6脇
5474
894
8ロ
5.476
3解 フ
13314
11217
2,117
39
17,986
20,743
24344
８椰″獅 岬四師仰瑯脚り︲
２
︲
７
卿︲
．
８
C) AryoSo aSoOsear Ef60.6ds
2012
調瑯脚０調 炒 ０ コ コ脚
52
tltuJo
師抑夕ろ卿獅
2け
嚇響椰″働炒嘲 Ｗｍ脚卿卿壽
2006
︲瑯仰ψ郷脚岬卿い靭
卿螂６
V
(Aoaq,o6rdl3 gibCb0o, Aq6- q'rtrrl)
26.139
26.139
Sgr6r'r: lr;jlr6.:go
●
・
2012 $gq,b lsberq,eun 6r'rb0s63bol-r g0bfuoq,3bo 5s$oq,o - tso6s03366ynb30ob
b$er0b0r6gbq,er qgr6,>b.:6ry3bo3 - 6t'r0o6rq56sqg 4.7 J6rq3X6$oor 6.:obr6qrr.
bt0o0b0r6gbq,o gsLsbob 63q,oqlboL CACCOob 6$o6o6b3olr BCsgCbs(g Eoq3bgq'o
6g.rq,g6o 3g5d<r Ernb0r63b.: $q,ob 6r68rgq,erbr8o Cs6Aott OCEACEgooor brtroroqrgbc'rqrl.
JCd)drtA, Jo633q,o brOo 33r6$.rq,ob 6r66r3q,rnbstso b6qrrt-r OCAJo borboq"J6sQ
oaroCber, ox3E6s E3oorb3 33r6$rq,tso S6qgob OCAJo ts5a6o6qrr. brberqrnrnqt, $q'ob
6r60s3q,r.rbs8o 6g.>ql3r6o 336dn Ernb0r6Sbr $q,ogt6rq.o 5.6 36rnp6$oo Srobr6qrr.
rqlrsboBbr3or, 6elE $q,olr 6.r60s3q,r'rbstso 63rq,36o 33t6do Ernb6rdr36ob b6qrr
Br0o6tsgbtnqrr X3r'r6mEo3ob 9c6q9rtJ, 616 Eetorbo3bolr 0b6oqrrb lrgb6o o63q,l6o36o
9ca$oq,ob 8r6ofl63b3q,os.
o6gt6rbg6a3jgS6gqn 36rn3jg3boU sjgog6rqr grbbo6gogg,3br solr.:br llb3q,0$ogn
0r6ol3ob er66;6rn3bob 6rnEobrq,g6o er6rbr61Jbob 9c6qnb 6g833boL ArOCblAo' 2011
$q,ob 0gbrdg 33r6gsq,Bo, $q,o36o arocbotr $gdJ0.r 20.2 Jcmmfub Oorp$o,r. 03r'roD3
33r6orqltso lsb3q',O$ogo Er6o6oU gr66$cn36olr 6oEobrq,g60s qrs6rbs61600,: $q,o56rq-o
06ots36gq,rn36rqr eroJq',r'r. Ececatp' $q'og60.l %6qrr0 Eberqxnqg 4.6 Jtftn636$o
tsgrqr6o6.r.
2011 $q,oqrb 6ogoq,3bgq,o o6gl-rgo6o3bo b$6rgsq-o o%6q3boqrr qrr $q'o3t6o
tr6qrs 33s6grqg0olr 6ob3q6oor lr.rts3lq,rnqr 40 J6r3X6gb reCar$C0oes. 2012 $q,ob
031s03 6.>6gsq,Eo lc6qnb 0sB3363bgq,o lrs66dberbq,sqr, 8.9 J6o6g66sap3 6306o6c9r.
gg6cr Eggo6, Egcrorb3 33r6gcqtso 3rJo$rq,ob grnr60o63br $q,ogt6rqg 2.1 J6rogS6$oor
ts1106o6qrr. OogbSqrr3sqr $q,ob 03rn6g 6rb33s6tso .rq6ots63q,o E30go63bobr, 2012 $3q,ll;
Eorqror6o JrJoOrq,ob ggr66o6gbolr qgrn6g6 19.0 361636goor aooaror qrr 3ger6oEo3oll
9c6qrrao gqnqCbo $3q,oq,o tsCoor6r.
br6gq,oLbEo:, 6tnE 2012 Sq,otr 6.r66.:3q,r.rbrtso, JrSoorq,ob go66o6gbolr 8r650rborr6
g6otq.o, 93o6o8o3g6o lc6qnb 366ots36gq,rn3s6Xlm 6s60bs%q363q,o tsrC6rn6or
gjt-tJo6go, t6rtrs6 g0cnr36gt-rrqr 0rnElltrg63bolt 3jbJrnttrgo, p6dmqg, gg6obggq,o
633oll3q,gbo grbrJo6ob3bt-r. 2012 $q,ob 6s60rgqx.rbr0o 3jbSodrgob St6qrs ggt6er b$6sgo
ogr.r, 3op63 2011 $gqb.69cr6qro g35p366ooor bslro.rorpSbr .>653o63 rE 31636o6oolr
9c6qgob q.orqrSbooro 6r3q,36r. 2012 $q,ob E3bsE3 33r6grq''Eo g3er6erEo3gt6 b6qr.:tso
gqrop3bo $Sq.q,. l-t$r-r6rgp 3jttJo6gb3 Onqronqr.:. 0o3b3qts3,lqr, E3norb3 33r6grq,tso
q.o.)gojbo63b3q,o b6qrob g3aSotr 035gq,36ob.:, lr.rjcr6q,olr.: qrr 0r'r8brbg63bob $Eo6q9s
CCtJJr,l6Oob $gq,oqro qrrqr3bocnor g3er660o3olr florq,osb bt6qtrflo.
g3r6sb363q,o Ur0o $q,olr 6r60s3q,obr6o 33o6rn8o3r6o Oorq'orb qrr6s%o63btr ir6qrotl
ggbpg66or rbrlrosor3bl-t. ol-t63 6o6ot6g $o6r J3t6ocrqrgb8o, 2012 $3qirr6 j3gg6otr
0orq,or6o 36o36gq,o Bg3otrs3q'ob tr6qgr gg6rn Esqrq,o ogrn, 3oqrt63 0orq,o,:6o
0rnb6.:63botis. tsCcgC6se, 6.:oir.r6qr.r 36o36gq,o e)rbr95r',bo qrr $obstt$s6o ts3gsbgboor
g6o36gq,o 030rnt-rr3q,ot-r 16.7 Jt6(')0g6otr aorq$ora. qt6r9bcn6g6olr rq6oabgq,o 0s636r
6r$oq,obt6o3 rgo6r6lrgbL brqb6eoq, o6glr6o6o3bb. 36rn36gq'o qr.r6slco63bol,r b6qnb
OCaJob arO8boLt ggbqgbgoob BgEr6B3690r 06ots36gq,o3r6or oO or3rq,ltrb6oboor, 6r'10
er6rtsrnbC0ob rdrb3bgq,o qgr.r63 266 16 r6olr Ls3Es6ot-ro 0o0qro6s6g r65r6o3ob
pggogogol-r 0qg6t6rqr qo6g0q3 33Ego63bob gtr6g633q,b,:gog.rqr.
320126択
lb 005お
ЪOぃ 0"wab● 55、 い叩
00ob 00"bob。 中 e aoba56゛ δ
ab a彎
α,Oo
"b6ob
796%り
"6貯
,9505、
420116Ψで Ooい
m350中
8000し
Oし
140あ m」 oも
ocn,OoOが
O"δ
65ヽ
o6oOoで
o"o´
53Ψ
も
03a●
k〕 Ψ
oOba蒟 ゛
dpΨ 関は,
21
I 3 brA<'rabasfu\'o
g,iyJDcfl mqrlq,Cbr
2012 $3q,b, oLgg 6xn6o66 $o6r $q,3b0o, bsjr6or36q,ol-r 36xn3fuq'o br63olr do6oorrqro
s0cr6rbs ogo j3ggr6sao gsl-r3boU borboq)U6(')botj 3$6g633q'gcr3.l' 2011 $q'ob 03n63
6rb33t6oqr.:6 c.or$gcbgqlo $q,og6o o6gq'r6oob 3q'3bolr $36q9566or 2012 $3q'bs6
gr66d3q,qgr. 996r'r Eggo6, or3b363q,ob or3oqrr6 ErngrrqSbSq'o $q',ogt6o o63q'r6oob
0rB3363b3q,o Ur6gergocrrl 6rbqt ('r $q,olr 6tnq,rnL:o6olr -1.4 J6,t'lCC50b bs3$t'tq'Qr'
rflr3g JS6ooqrolsor3o! brfiSrq,rn $q4g6o obgq''r6oob Ertsp6363q0s -0'9 J6rnOCS$o
63sqr6o6r. r063s6.rqr, $q,.U6" o6gq,c6or 66o836Xq,rn36rqr tsr0or6Bgbr l-rrj,:6orpq'rnlr
bs63olr Eolr6rnb6o3 0,:83363fuq'U, t6o03q'og l-rr8grq'o3sqros6o
X6r.r36gq,o
Jg6ooqntto3ob 5 Jr6o3g6$b 0g4rp6b. r6rq,rnAo36r(,, 3qr36ob $36q966ooor
bltr,>orqr3bt lrsbrbo o6gq,r6ool-r 6rBgbg63(oo0 GU6broobr qrs 56366o0ror6Cbq'CboL
AT6CEC), 6tnACq,o6 q-oC.l06b6rol b<'rq'rT bror8ob
-0.2 J6xnOC6Ob AruOr'tq'qoJ'
ob33g 6o6e66 btr3r qgsbrq'E30obsgq'or6 #396gbflo, b,>jr6o6gq'rntsog bS6brorotr
b3Xqr6oon $oq,o br0o0b0s63\x'r Jsq,rortso 03qgr6g6oo 0sqrq,or (t acbJbsaobsQ,
asqrq,os o6gq,t6ootr 0rBp630qrotr 66r6d6rn63q,rnb: bS6lrsorob Srlr3bob 6q,oq,3bob
8o0r5ot. 2Ol2 $q"lr brnq'oblor3olr, o63q'l6oob 8oic6ob6o3o EtBpS3bq'oq9'16
66ots363q,er3r6 tsr0r'r6Bg6slr qnq$oq,rp trg6usorqbs q9rgoCbo63bgq,o b.:blbrn CBCCOoo,
brnq'rnLr qr.: 2011 $q,roL
brAo$3CUq,o grtl30ob ts30go6r3bs 6.:6.rJo6ob3bb. 2010 $qrolr
3o63cq, 6rb6r6tso 6r'r6rn6g t636orn6tso, rbcac 0lrogq'orntso 6sbb'>35or630oor 6gqn
0rnls3q,os6obob gsOr'r b:bg6ltonn J6oq51l6orbC tsrtJCbotJ 06ots363q'o3s5o b6qt
qrrgojlro6qg.>.lrS6L.rorobJqboBEUq'obJdSo6Cbrqr6r'rgboombslrorontrogslQ'r
Eglrsbr0olrsqr 0olrsq,erqr66q,o ogo 0r'rbr3q'os6obob tl6qrrlrors6 36corqr 830q6m0 $q3bao
,:a 6O36q9"tr A3bda36gbs. cn306r, 6o6r'166 66e0oq'or, Brtr3bob Cq'51'Oo36obr Jq'CbotJ
qb6qnb 0o0sr6or3q'3torn. $p36rqr Oo$oq.oCbotJ
AoAJ(6o,.JqCbclcr, 996r'1 6r3q,g6o.:, 3oqxfu
Bg\gq6ob 6r8m 6rb<6qnq'o grb3bolr 6qrl3 A363o63bs qrfxntso ar$Cq,loq'o J6rn33 ro'i
qgr qgq6r6q93q, o63qrr6o.ri:36 sbC-o36b 6.:3q36slr. lq6ots63qro J6xnOlbob B3qr36sp' 2012
gq,ou qgrtr:$goboqr63g b36bsors3 SJr3bolr 3qtbr Sojlio6qrxboqrr' q63q'r6oob
6rts3363b3q,0r Erobolr 6oq,rnbror3ob 11.5 J6qp6$b Eo.lq$or. $q,ob 03r'163 6rb3g.:6tso
3q,gbolr g3EJ0.l 6gq.or6X0oo o3q,c'r er $q,ou bgrq,r'rtrlor3ot.t
4.1 J6r'r66$b ArUor'tq(,r.
bg6bsonlr br3qC6r Sq.fC6" qrggq'rgoob lrs36om 0sts3363b3q'9ca qrrbqlrlCbool 1'3
J6,.OC6OUq lCbjgb A3aQ696q).).
●
ゝ
甲 。
66。 0。 Nl.309o55oぃ
し5改』bい 軸 6し 5‑bS● 50Qが
o6tsqlr6oC6o (2008-2012 $q,C0o)
'6005o蝸
ObΨ 90b 656oOol
16
14
12
10
8
6
4
2
=盪
cl6tsq'$oJ ($r*fr3ff.,rox'! Cb36rd,'ro'>15$,gbql90ob
6#,CAC)
︲ＯｏＣ ０
も
][1
Ｎ ﹇■レυ∞Ｃ
‑4
寧早旱旱旱旱甲旱
甲
==亭
gF旨
層
選多 =甲
[モ 落
甲甲甲甲甲等等尋
選』
『ヨ旨彎還選
０
ＮＨ︐﹁ つ
0
‑2
-biAotln o6gq'r3rls
-Aoqrli5o
$Sr6('l: bsClrOrOo qrs 36<'136gq,o br6Job brr6A16otsCbCbo
2012 $qob Armr3qmbrBo qlrArq,o o63q,r(Jor gojbor6qrg[oqgr 8396lr do5oorqr
br3rlt6o Jr6g6oex6 jmg6gbBo, 6rn5er6ogu ricg6bsoas6o, bel0bXon qrr 936ro6r. 6rq6,>6
Ur j.:6or33q,rn0o lrtEm0b0r6gbqer 3rq',ronb br30soqr 06otsg6gq,r.rgs6o 6r$oq,o
o8Jrn66ot63bgq,o J6r'rqqsigoolrArb aCeacbr, Jr6o6oo6 i3gg6gb0o BrtJCbob qro6r0o3r
b.r j,:6cn33q,o8o obgq,.r6oolr r66s6ots6rll$g3
ErCOrn6b $r60r'rrqg36b qrr qqXlrqggynboor
o6gq,rgoolr o0Jcr6go j3XgrbrBo qrrbrqro o6gq,r6oolr qxn6ot-r 36or-366116 ArbAbrqbe36Cq,c)
B5COrr6or. 20ll $qolr o36olrob ol3cl()16 0ergr.rq,Xbgq,o, j3gg$rBo o0Jcr6go630gq,
brjo6gq,bs ErtrCbotr b6,(rrt OCAJb qrrqOr3rq,o 9636q-oo rj3b. ggr6m 03go6, 2012 $qrotr
0gre63 3.:6$rqolr brnqnttor3olr btdrn0b0r636qro Jrq,JcDJAo 636sgrq, o0Jo6$o63bgq,
b.:jgr63q%3 eCtsq,soor qr.:gojlro6qrs. o6om 936q936go.> 5.:6r6d3q,q.: $q,oU 0Xo63
6rb33r6tsog qru qr3gq,r6oob 0rts3363bgq,o 3oqrg3 996r.1 6Joqbr6er. qgg0b6ob
berq,ertr.:o6olr oEJo6go636gq, bsjre63q,%3 BrtrCbob lr.>36oxn qxr$ob 63pog3br -1.8
J6r6356L AJUOoqer, brnq,er Eobo S3qt.ql. gq,og6o o$gq,rgoob flsts3gbgfuq,Eo
q)rrbq,slCboo -0.7 J6rncC6ggq, Jg6j6b ts3rq.om6er. rqr6oq,r'rb6o3 l6jgr6gq,tr3
o6gq>.:6os 0.1 J6r436go og<e.
V
23
(nr665ar N 1.a oA&n6rgo6X&Jqrf ps ,:q6oq,e8fn3o brjrn6q,ob oSgq',.r6or
20%
L5%
,* )!',.''r t
ヽイＣ●
ｏ
一
一一︐
つｏＣ
︼﹁︲
００ＣＤ
の
つ
︲
︼︻
つ
︻︻︐υ∞Ｃ
︻︻︐
つＣぅ０
︻︻︲
もぅ０
´
︻︼︐
００Ｃ
Ｏ︼︲
００００
０︻上硬︺
つ
∞Ｃ
０︻■レυ
Ｏ︻︐
つｏヵＯ
Ｏ︻︲
Ｃの
０
∞ｏ︲０００ ｏ
∞０１レυ∞Ｃ
︻︺
０上
∞
つ
∞０︐つＣ力Ｏ
∞０︐
Ｃヵ０
卜０︲００Ｃ ０
∞０ ЮＯＣ
卜０一﹁︺つ
卜ｏｌ″０∞ｏ
-\ayo
- . .J(rdoqt(rbdr%o
-oaJcfroUqr,
$gs6t'r: btjltg,16o qrs g6cr36gq'o 0r63ob 6:.:66sttro63b36o
tr.:o6g36Xlxo 166go69 3s]6rnbrqro6 qrr r6s3.>$6rrb.:qro brjo6q,ob grb30oU qn6.rdo3rS3
q-os$o63Cbr. bcq,er 6s0p36o83 $q,otr 5$0s3q, ebrBo 3rb36o r6r3s]6r'rbsqr lsjrn6gq'9e3
UEdm b$r6rgo OCAJCbo- ob6q66oqrs, OclqrSC aslt6obrqr brjo63q,$3, 6sO
qrr0rbslnso6b3q,os 6s63oors6gbsqro jg6fu6obscn3ob. JrJoOrq,ob 66oE363qn3r6o
0rn63q,r'rbg6ocn ts36rnqn636ob tscqgcare 5.:ob.:6qrs Eob.>bg3rnbol't ar6Jr6a3rQ,o
E38grl-r.:3rq,o q.os tsCe36rq g6ombq,o3o 0oolbm36r, 6rg bb3s or6sbr6 Jo6ob36tso o$3c3b
.rt6.:3r]6rnbrq.o b:jofuq,t3 grbSbob gg6<n b$t6ry $6qgsb 3o(,6,3 3r]6<nbrq9 ttjrn6Sq''bg,
6sqrp6r6 3r$6obryn l-rrjrn6qnb grbg0b do6ocnrq.:qr Obogq,oo brb530%3 rdrb303q,o
g3fug6gqbo 5r6br%q56r3b, bxnq,o ol-r3on d6o63 Xlrn$erEo3ob 6sb6qPoq, 6rncnbo36l!,
6r'16r'16o9 b.rj6crg3q,nr, fllrrgq,or.r gJr3btl trg6r3q,36ob E<'rbqrg6r .:t6 E3gdq,or,
s6r3r$6r'rbrqn brjoEq,olr gsl-r90b3 3o b3$erq,r 3g6m dq'o36o,:. 2008 $q'oL 03r'163
6rbg36otr ts30qp6oE rq6o863q,o $36qr356o.> ts3bgb$qr, 6rqr6rb 'bn6sqto
0r36r'rX3er6o0o3g6o 6r6g0rnqrrb 6.:0r'r6qrr6st63 0rnorbrn36olr 063o16o t'6qrs .lqs6
EgoboB6Sbrnqrr, 6s0s6 r6r3.r]6x'rbrq ligjgo66o gslr3bol-r b6Qob OOAJoU 6306o630s
6s8oo$go.r.2012 $q,ob 03o69 6rbg6s6tso .r6r3r]6rerb.>qr b3i$t'r6Bo grbXbo J6ri$o33qrrq
sqs6 6rlc6qroq,J. rar3C q6erb, 33rn6r.r0o3g6o ts363q,gbob grn69cX, lr.lg6ors8o6otrm
brgr6gb%3 lr.>lrsjrn6q,rn gsb3bob JqCAotr Js6sq,gq,g6rcg 20 I 1 $3q,orrb B3qts63boor,
grb3bob E30got6gbr qrsgojl-ro6qr.: 3r$6r'rbrqro ttjr-r6gob tsC0o,b3Cartso.
t d3t'l6oo6Cbgq,o A!) r<'oo(xrb&Ro lr:Jrrbern oESq'rOo5 oo6q'Jbs C6,cB6fq'o 6.$3rtu A6't lrOrOd,iOo3d,
qSJJOgrA3QlatS ao(lAUqr) bJAoabArdr3\rr 3sq'Jorfr gr<'JCUqn Jsfi('ECEOCbol, o6eftlttCaob Aobr(B.,.r,.
6lrsjer6gqD
e.! ffilrrtrJ6CDr, 6x"A<d., 6CJqx,bOoJO ACbJdqCaCq,oJ $r6arr30at iqr6oq'oA.>6 0<'rdo630oor'
24
qrlr66rar N 1.5 3rj6<nb.rqn qrs .:6s3r]6robrqn? brjtrEq'ob g,:ltgbol, o6qgftIroL
qn6sEo3s 2011=100
It0
105
lm
95
90
85
80
75
70
65
ＮＴ Ｏ﹁Ｃ
Ｎ︻︲ υ∞Ｃ
Ｎ守Ｃつｏ
Ｎ︼︲
００Ｃ
Ｈ∵ ＯＴｏ
％υ∞Ｃ
︼︼︲
中︻︲りｏＣ
︼︼︐
Ｃつの
ｏＴＯ﹁ε
一︻！レυ∞Ｃ
ｏｒｃつｏ
Ｏ︼︐
ゆ一Ｃ
公 ︸ ０ つε
い０■︼︶∞Ｃ
い０■ヽうｏ
い０︲●ぬＣ
∞０︐０﹁ε
∞０１レυ︒Ｃ
∞０︐Ｃ つｏ
∞一⁚
ＤａＣ
卜９ ０つ０
めＣ
卜０・レ″
卜０︲Ｃ つｏ
卜一 ゆｏＣ
０﹁ε
い０く
Ｏ一■レ︒Ｏｏ
つ０︐
Ｃつゎ
つ０︲ＯｏＣ
@
-9.>]Orna,rq,o
-ntrr3rJrrx.r6.rqro
$gr6r,r: b:jbgr6o p: g6r,1363qro 0r63ob Asrbar6oACbC0o
Orq'J)Uqo ttl$rn6qxn X63tsC6ob Eobgq6oor BJrCbob 6q,oq,Xbob Ar6bc{,gr
6oBg6gbb, 6o0 2012 $qob btnq,rnb.ror3ob, br0o0b0r6Xbq,er grt-r3bob tl.r36on qerbolr
Eg06o63bolr ggCqlrbC 6sqsq,o g303gbo qrsgojlro6qr.r ,,Lg6l6onl;.: ()r Urq'Jrn3etE',nr
ltL83q,3bob" gs636o6ostso ts30.r3rq, J6rnqrglg3AbS qrr r0 0r8gfub3q,@s 3.6 Jt6rn66go
Eg,:qr3o6r. 616 6r"16r'166 rqo6o06t, g0cn.:363tr,:qr lilbsi:er gg$goo, r6ob brArn$AC3q'o.
rbCAC arerqo ogsr BrbCOotJ Jq,3br ,,qrb3gfubr, br6olr'rbr cg.>
33q,gp6r' er "Or6br6aCq,o
Qr BCbtrr0aCq,,o" brlr.:jer6q,o l0UBCbob A3acr,bgCarBo, brerG g.:lr3bob qrgr63 ts3l5brOolrqr
3.5 Jtftn66goo q,r 3.2 36rng36goo tlg06o6qrr. tr,f er0b0s6gbq,o grbSbob 2.5
36o696go16o 3q,gbr qrsgojbot6qrr ,,bs6bcr3r69b3q,o brbq,o, $goq,o, Cq,Cdg6oC6C6Aor,
,:o6o qrr lrtofir'rbotr lrb3.: l-rrbg3bol,r' 3r$3ger6ot0o ts36rgrq, lrsjcn6gq,lr.r qr,: 6r.r0lrtbgr63brt3,
6t0 36of6ots363qrr'86.:q9 qrrlrggors33bol-r EoELrL6636oU tsgE6o63boL tsgq66or.
,,Ar6roq,C6ob" L3jgo6Bo tsrLCbo 1.7 J6rn6g6goor tsgE6o6qr,>, brnq,r.r 2q63gtso .r3g2go,
tlrnarber 6o3o130o qlr Ar.r$gr.r6oE',s)b3bo, U;bq,ob 0er3q,s-tsg3orgbr" tsrbCbob b,s36roro
qo6ob 3qg0r0 0.8 J6rn636go ts3sqr5o6r. r6rq)r'rAo36re, $o6r g3q,cns6 8gqrr63bocn,
gsb3bo B386o6qr,6s38o66sb0gq,er6olr" er .O6r6bJm6gob" bg96o36tso br$Cgq,
Ecr0tsbg63b.:9ca, ts3lrbr0olr.:qr, 0.5 qrs 0.1 J6r636goor. tsstJCbob tr.rg6om !.or'l6ob Jq'Cbotr
grnbb3 sqbr6ots6s3or, 6o0 BbLCbob 6r63br qrrgojbo6qr.r 6sEqrg6o03 163gtso: 2011
$gq,or.rb ts9qpr63boor 3.6 J6r'6g6goo oEs6.: ,,bsb6g06o3boU, 3rg3gbob qrs 6gtr6rn6690ob"
trgj6o66o AISCUqAT 0rn0brbp63bob grbgb6r, brnq,rn -as6qrg3olr" lrgg6oBo tsrbCbotr
br36ox'r qrrboL b6qr.:6 2.8 J6o6566o tsgrqrgo6s. BrbCbotr Egorfu 0s636r q'rgodbo6e'r
,,.rq,3<n3oqrg6o brb03q,g6ob (,i orrSbr jr.rl-r" qgr .bb3rqlbb3r ltjrn63q,otrt er
8o0b,>bg6gboU" lsUrjrn6q,rn a63ggbtso 0g0.:3rq, Lrjo6Xq,br qgr Ern0brbg6gbrb3.
brjn6q,olt Er.rbEr636otr br6g6dq,o3erbotr Eob3qr3oo grbgbotr mq',oE',CboU Ar6boqtr
63oBpbgbl-t, 6o8 2012 $q,oL gr60s3q,rnbs[o bsEgrflbEb6Cbq,o grl,rgbob Lr36cner qro63
tsgE6o6pr 6m5o66 b.>656dq,qo qrs br60rr3qr3, ob3 l-rr8grq,rn br6g6dq',o3<nbotr
7
3s]6crbrqn qu s6r3rlt6obrqn L{c,6(,oL, o6ger0or osBq,CBr C&t6flq,o bi6Jd, AoJ6 bd.toouJoJol,
Ad56,0DAC6OoerE aoe0agq'o brAoAb,Ar630q'o 3sq'rorolr 6sq'JCAq,o JrBJ('IECSOJ0r o6papSbob 8o$q6oor.
25
0ob6s6X6olr brjobgq',9e9. Eerdbrbg63bsb6, lsr66r6o8o J36oerqnb br.rq,erbror3ob
br0rn0b0s63bq,er gsb36o 1.4 J6e636goor 6sobr6qrs.
6b6oq,o N 1.3 ofuq'rgcnb (bgo) a.:A$53bq'Cbo 6sq,3g11q,o 3o0&nfu6ggbob
f}obgq6oor (.lfq3X6go), Oson fu6s bs&n0M,:65\,r'r 3rq,.>orr6o (Jfxngfuo) p,:
2011回
¨
9
Ю
14q6
‑11%
‑5%
Ю l%
‑5%
14%
Ю 5%
Ю l%
52q6
0 3ab
‑5296
00%
4600
09、
3%
‑2Ю 円も
Ю l%
16S6
20る
‑42● 0
0196
‑3 4qb
01%
Ю l%
1,ん
12輌
010/o
‑20604
Ю 4%
4フ %
‑16 8qb
￢
0 7,も
‐
149Q6
‑0
25%
‑769b
Ю 29る
‑9%
Ю 30o
0,%
18‰
00%
30る
0000
29Q●
0乃
0006
39Q6
01%
br"う む
。0,0
275%
‑41%
0 3tr 9」 ono
74%
‑1'る
b('6Go ('r bo6rool, J6(''(l&bJAo
5』 夕も
‑1096
0お ｀卸 中
03る
t3on qu abrtso
い マ o,中 05o
.叩
呻
¨
bb35
嘲 円
い
,静 ,…
…
坤
い
…,M505o,Oo̲や
測…国 j bb35派…嘲
A‐ 303̲団
,訳
¨
。
,
0050
四 ヵ
N巧蜘 誨 い融 わ
"鰤
Onsoo̲ぃ JЩ 曲 中
tn0Dq6cc,qb l$bq'(\
EUl(o,
N'doffitAo\ .rtto qs ltso$oDdr $
…
090o
l,36lrsx, Arr rr!<'Je&e<x, lrtltaCq$o
Ⅲ 33pob0
…‑14%
%
/Qb
5590
17b
01%
1006
01%
2696
‑3296
Ю l%
‑5%
Ю l%
8̲●u
‑259●
Ю 2%
OM
0 1Qb
!oG$L lrsq(rb$ 6ogora0o e5 E('lt8c,ioqryas'
It$Edr 0r,Bq's{$Jo4b5
51%
‑0 89る
00あ
■D鴨
0006
x爛 向 翠 ゴ k力 囀 ゅ
75%
2800
020o
179も
01%
060 00
12800
Ю l%
000/o
65%
0800
じ0て メtド
3●3。 Cい ￨し Ы
nb。
56%
Ю 5q6
00Q0
‑3い
‑0 296
S,メ ロ ヽ い
6807o
‑3606
Ю 2%
61%
‑17%
01%
44● b
36る
50お
0」 ´ら
5569b
編が取
I
い 平】
゛
‑4596
‑14q6
‑369b
03¨
ゅ
‑1196
llXl眺
30 39b
80
(,16 I 2E'3tl 2/oi6l I (oal I
0ヽ 理 瞥 ヽ
‑0
噴
12/tD33n
t lbCCDo
V
S―
…
bbO‑0・
…
議駆
0喪μ 郷カ
"い
。 は 鳳 い い
叫 輌 い
‑1 3%
Ю l%
コ
0 3qD
00る
029●
54%
0 2CO
00%
00%
000o
‑2 6qb
‑1596
269も
‑14%
71%
‑3い
Ю 296
‑3協
Ю 29も
45%
‑2餓
0196
‑32Q6
Ю l%
327%
14%
05%
38る
12る
…
brbAoJq0 A(9bav6C0oU lr$ctrJq'(,
¨
bⅢ
…
ヽお
中
"00ba呻
̀d中
00bsヽ
中 ぃ
5
"田
、
…
…
$9,:6r'r: ttjb6.t6o
26
獅獅脇﹄跳晰易働
q'ora6,5ar N 1.6 $q,o56o o6gq,looolr 0r833630q'3Aob 63q'oq'3br bbSsqrrbb3s
bs656dq,o3oboll 0erbdr63bob brjcn6q,obr qrr 0re0Lrb3636oltor3otr
ｃ
８３
口︲
︲Ｒ
３ ８０
Ｓ︐
Ｓ
〇´
﹁
︲
べ︻
ｏ
Ｎ︼Ｌツ″
＾︻１レυ∞ｏ
ｄ ︲Ю∞Ｃ
Ｎ︼︲
つＣり０
ｏ
で及″
Ｎ︻・
ＮｉＣｏ０
Ｏ０００
¨︼︐
Ｎ︻︲一●Ｃ
︼守８ レ
︻︼ 言
２●
ムおε
︼
︻
０
﹁
︲
︼︼
´
レ８
︲
︼︻︲りのＣ
︻︻・
つｏぅ０
Ｃつｏ
︻︻︐
︻︼︲Ｃぅ０
Ю０００
﹁︻︐
︻︻︲ЮｏＣ
Ib.r66o3q'9 arrb8$Xbrn U.rjo63qrl
I LrdUDq'(') brEai'de'.Br,0ob a(.lmr606ol., brCe)60q'o
tr br%6dq'%o A(.lbar{6J0ou bsj(.)6cq()
traetusfufuar
Sgr6o: trrCtr6rOo
1.4 brbXgdfrrgo Bo6r6ltC6o
2008-2m9 SqC6"b 36oSoLolr 8g0qg6o0 Jgdnoq.o6o 33o6r'16o336o rC$ogslbob
bgo0gqot636obrogob acDrgft.t0r X$Jr6lrogt6 golr3rq,36 J<nq,ogrr3rb l$r6Cbqr, 6tO
bogqqXgob q,Ctso6o6ob t6qgrBo 6.:6oobsgs. 2010 $3q,b ero$grn 13o6o0o3olt
6r8er3t.r3bqrCbr ()J ECeC6sCg Ecnr36rnbr0 0r36oX3tn6o6o3g6o b$r6oq,U6obol,
gb6g633q'brgogsqp S0JJob6o3rqr qrro$grn gob3rqg6o 3er6lrrnq,oqrtgos, bogl3$ob
cg33o6o$ob 0qg66:qg qron63Eqg3 ts3b.r8go636q,sqg . 2012 $CqlL goti3rqry6o
3o6Lr.rq,oqr6os 6r66d3q,q9s e'b boUXCOob eCtso6o$o AAJ-b 2.9 J6r.r016g.l0q93
E36go6qr.>. $obs $gqrorsb tsxqt63boo br6rqrrbrbrqrrn 030r'rbr3q16o 8.7 J6ogg6$oor,
lrs0ors36obo bs<6a3bo 3o 7.6 J6o636goor 6sole.r6pr (g3q,slq qroqro $3q,oq,o
J$oOrq,U6 br61gbS3 Ee4gob).
2012 $q,ob 6.rX6on bog2lggol-r 830rnb,>3q,3bEr qpr 66s693b0,5 7-6 0q,64.o qr6o
83rqr6o6s, 6,:6 oroorjOolr 900 0q,6 q,56ool 03$or 3oq63 2011 $3q,b. 2012 $3q,b
lsgsqr.:lrsb.:qrm 030obr3q',gbo gg6rn O3grqr (8.7 S6rngC6goor) 6ro$r6qrr 3oqx63
6o8obrq1g6o AAJ (7.7 3Or'656go). tsCqgCAssg, br6rqrrlsbrqrm g3o6on $o6.r $3qorr6
BXps6gboor 0.3 J6rugfiggq,o Jg6jgoot Sro9er6qrr qrr 25.5 Jdxn66$o tspqr6o6.r qrr
06od;gqroor Bs0o6Bgbs 3t6o$ots6qgq, 2007 $q,ol-t ErB3g63bCq,tr (25.8 J6c636$o) (ob.
qro,>g6r0r N 1.7).
0r36r'rgger6orEo336o r6sq,o'bob cn3rq,Ur9r6olroor 06ots363q,o3r6o alBSCECbCq,oJ
bogXCOoL tsg0erbr3q,g6otr 63rqg6o ggq',oq,3bs (brtsgsq,rn btsn o63q,rgool.r
6ro6uq,ob$o63boor). l-rs6.rqr.rbrb.:qgrn ilgaobs3qlbob 6o0o6.:q560r Es63br0 2012 $3q,b 8.7
J6o3g6go, berq,rn 61sq,Ur6Es Org3brE 9.8 J6rngg6$o 03.:qg6o6r' 3g6xn E3$o 3oq63 0il.){
63ryp6o tr6qu (6.1 J6r'r636go). br6rqrrbrb.rqxr tsg0ol-t.>3q1bob bO63JOU6rtso
r6sJo6qrrJo6o brerbrbreCboL (qq6, sjgobo qr.: o0Jer6gob bse,rtrrbrQo) $oq,o 57
J6o6g66b tsglc-o6CbL, Jo6qr.:Jodro 6,rqr,:lrsbrqr3bob (6rn6bob, bsts3Errlrs3q,o Qr CrrbCbol,
Aserbrbrq)o) 3o - 43 J6r'r696$tt.
27
(roJA6JaJ N 1.7 6r36on bogaX$ob br6sqrslrlbrq-oo ts3Oolro3qrgbo qrr Ercno
oJ6JtsJ6eobr AE.)-rrrrE
ｃｃ ａ レ Ｄ
7,000
6,000
お
5,000
21,000
3,000
2,000
1 ,000
0
2004
2005
2006
2007
2008
2009
2010
2011
2012
$gs6r'l: lrrj:6or33q'erlr Sobl6bcn.l lrs0o6olr$6r'r
bs6sqgrl-tbsqrrn Eg0e t3q,3bolr ic6qrr0o gACq,rbC qgoQo $3q'oE'o AeA-bC Or'rqnb (4'2
J6rn33663qo J3OCO"), 6er03q,o6 9 Jr6r'4115$oo 6robr6qr.:. 06o6363q'o3,>6o $3qt.qt.
flerqrol1 r!g33 [rBgflo[r3q,o arsroiJrbrQbg (3.5 J6q336$5q'o JUECOo)' 616 tspb3br
br6rqr.:lrsbrqxn B0arnlr.r3q0bob 166ryj636sb, $o6r $Cq,or$ E3qrr63boor, obo
66oB3fuqxn36rq-o 56 tsCg3q'oq'r (ob. qnr66$s N 1.8).
qrorg6rdr N 1.8 6sg6orl 6oga51)ob br6.>qrslrsbrqrm ts30obs3q1bo bsb330ob 6obgqr3oor
2012 $3q,ct
0q,5 q'r(ro
bfur, 35, 1%
cnJc|6or,t
5,rqrtjrbrg,, 90, 1%
blaC8eln3g,
zrcSsts<n,
ADACbdr
ArA'Cr.lbrqrl, 851,
13%
$g.:tcro: bsjs16o133q'ob go6.:6Lo.> lrs0o6ob66o
2012 $gq,ll So6s $3q,orr6 B3pr630oor 6s36cno bra3xl0ob br61$o 590 0q'6 q'r6oor (7.6
J6rn66goor) 6,:otrr6pr qrs 8.3 0q6qr q,s6o ACrQ'Aobr. rCCCQrb l-rrbgq,0$oger 6oga3$ob
bs6a3bo 457 8oq,ogr6o q,r6oor 6mbr6qr; qrr 7.84 0oq'o'>6qn q)r6o ECr('Ao6r, 616 $q'ob
l$berq,r.rrn 66Eob 96.7 J6r'r6x6$os. 2012 $0q'b 6r36on bogaSrJolr br6a5boU
orrbrgr6qrrb: 8B&-orE $o6r Sgq,orr6 03qrr63boor g86oB363q,rnq.o 6ro9cr6qrr Qr 31.8
J6or6366o 03sq6o6s (ob. q-oor56r6.) N 1.9).
28
qrlr 6rar N 1.9 6.:36crn bogrySgolr br646X6o qg.> O5crrl o56rgr6Qr')bs EB.I-orsb
8,000
7,(m
5,000
5,0m
4,0{x)
3,000
2,000
1,(m
ゞ
r
ゞ
ず
´
ゞ
が
ゞ
ゞ
ゞ
6rC6qx,8.rJD(:I)ob bsdrrflDo (aif,Obc6.i ec(6do) +ml}bcDs6 o)!5>Srf,(x"55 (Aiq.3Jbr aCfio)
$g.r6('l: lfij:6or33q,olr 3o6.:6lro5 brao6obO6(j
qnr56r0.r N 1.10 6rg5on bca326grtu Al(Dbrb(6q'Cbob lg6gl6gft.:, 2012 $3q'o
b30lbqqAo q'r
Uiqlobo
6%
FoSAs
q$Jr6C(r,OCPr
$9.:6r'r: lrsjs6o3Xq'<'rlr 3o6:6bor l$0o6ob$6r'r
Lsbgq,O$oger bogaSgob q.octso0oOoL 0e63q,erb.: or3erJo63cq,rq.o 862 aq,6 q,r6ocr,
6.>6oL.:tqg6.>, ts30p6r'r08o ltrbgq,E$qo bcrya36ob qrSgo6ogolr 668r tsg66o6pr 753 Aq,6
q',r65aqoC. BrCOobf)ogo eCBoooOo er8Caaoq,tC 09o69 ogo (620.9 aq,6 q,r6o) Qr aaJ-{r
2.4 J6e696go 36q336go ts3"rqgo6,r. 616 BX5b36r 6r36on bogxC0otr q.oggo6ogb, Ab6 752.6
Eqr6 q,r6o Egrqr6o6r (ob. qnr66s0,s N l.1l). pSgo6ogob qrrgobs6b3b: do6oorsqrrgr
Lrr6.r6Xr.r 3sq\.o3bgq,3bgbob $Oo6ql $6qnrb br62gb3 Or'rbqrr, 6r'rE3q,0 tg 594.7 6q,6 q,l6o
ts3.rqr5o6s. eCBo6oOo J6o3rgot.:6ooor 279.7 Aq6 q,r6ocn, boq,rr tsoqrr 3sq,olr b6qno
13.9 Eq,6 E>r6ocr, qtgo6rbbqrr. 0cec6rsg, 0orr36ro0otr os3olrpgrq,o br06rp6s3o
lt6g.lq,3b3bo 135.7 0q,6 q,J6oo AJo95r6er. 56b3b3q,,o 636Eoor 0rn0.:3sq, $q,3btso
bo3a3gob eCBogo$o 33q,r3 qrsbrq, qofub3 B36r6Bg6q6br.
29
(nr66rAr N I I I 6sg6crn bcaSq6$ob q6go6o$o qs 6tlJ-ors6 ot6.rg56(mbr
.
r6JCdrcrrr Ao?Xr6rtu qpCEoOC1Jo (AJ6ObC6i qgtuo)
-if4J.tnr5
ヽ
Ｃ Ｃ ２ υ ｏレ お
勁
oDi6rgJ6e<.6r (aJtr,ffiCEo e'Cfdcl)
00%
‐
3嘔
(500)
(1′ α
Ю
‐
60%
)
‑9096
{■ ,500)
‐12協
(2,OCXl)
$g16o: bsjr6or3Sq'olr goEr6borJ brA116ol'O6r'r
2012 fuq,b lrrCrd,o8cEx,lb brbsq€FrBrn8 q'r brbcqa$ogt.r at6r60rnol '>q563q,o
lt6r6grn 3.rq,o 158 0q,6 q,t6oo ts306o6q.or (5stsog 06ots36gq'sr356o $3q'oq''o qr56oL r8ts
qgcq,.:6ob 8o0s6o A5(Bq,,ooo 336trtr 5rOgt5gbrlsg 0ogdq3ob) q.or 31 q23306t6oL
0qg6o0r63mboo 737 Aq,6Q q,r6o tscr(raoEs. 06o[363qxn36sqr E303o6qt ctu36?qo
br63olr 3rq,o Lr36orB<n6obrn ls3rq3$rn go6qrorr6, boqro 3sos,:t6qrs Eorr36r'rbob 3rq,o
sboob 6r63oorr630ob 6163or.:6 q.os &gg6C6op.56 3o 6366s6orlor6. 2012 $3q'b bsbCq,A$cgr.t
br6r6gn 3rq,ar brCs6o^ACq'ob EE.]--lr 28.2 36xr6g6$o Bgrqr6o6s, t6sg 2'9 36ro19663q'o
Sg6jgoor 6r3qg0os 2011 $q,ob Eer6.>6301r3.
2011 $q,ob 6rnq,olr g6er36gq,0r bs630r qr.ro$grn brX6orrtsrl6obgr b.:3rqr3$r'r ggr6qrotr
br630r 2012 $3q'l-t
3sq,olr qrsgs6gr. 3rq,otr 0o8brbp630ob 6360ob Eob3qr3oor 36rn363q'0r
q-o.r3rq,or6g0r q,rrbqxn00oo 235 6q,6 rtstl qxnq's6oor E3r0go6.r. tsCqgC0"cg' Jo63gq'rqr
Jerbg-36obolrgq, Jg6cxrqtso, fu66ot6q-or bsb3q,a$ogc) b,r6l63rn 3rq,olr 6.rEoro
(aogbgqrl3rqg o0oll, 6r')0 2012 $0q,tr bs0cnr36r.rbo ls6r63rn 3rq,o 6robs6qr.i) 2013 $gq'tJ
6r.rbrqroq63qos, 6oE lt6s63rn 3rq,o 06ots363q,r'r36.rqr ts306o6p3bs. 0cnl36o6.: qr,:o$g0btl
br3:qpgo go6qrolr 3sq,ob 6rb6.J06gbrtj, rlrCgC asq,ob 0oEb,:b3636sb 6s.>66d3q,gbb
36,trg6Jq,o 0163o qr.l qr.rogr63b,: 2008 $Cqfu 6.:0er833b3qro 336c'r-rnbq'o6rgqbo'
ts3qrg5.>q.o, lt6Frdbarbq,sqr 0306o6q93br bsbSq''8$ogm 3rq'olr 0r'r63q'ob':'
2012 $gq,b gobsElrorr brEo6otrg6<nE 6$66d3q'r l$b,:$obrn 3sq'p3bgq3b3bobs pr
o\,o6s6ogbob 6s6otsg0s, 6rr0q,ob 0obs6lt6 bogaXrJolr qr3go6o6ob qrlgo6.r6li3br,
BJJorbo jrqrq,q3bob 6s9c6ob 6s63ocnl63br, rtr333 3rq'ob E.r6cr4ob 6s301rnb3b3br
(g63 s6l-t3bgq' lDbsbobo)
$r6Eer.:p5X6b. 2012 $gq'I, go6s6l-rors brSo6otr$6erE qr':o$g<n
r.r@o6r6o3borr6 36orrqr) l0-$q,or6o brb,>bo6tn obq'o5r6o3bolr 30obo':. 66d3q6sqror6o
o\,o6.:gq0ob 3s0o83gbr 36on Abrcq r86o636b lsJ6e636$o 6otr3lr, b<nq,o 03063
0b<6o3 O3bsdq,3bq'crbsL odq,g3r 3rqrrb $3or5oro 6rEq.oC6o03 $3q'o$.:qb3 8rQ56r$oE'q.oCl-''
rEoor 06o6q6br 6Xgo6s6lror636ob 6ob3o, 6rqr6$ Sor36xnbrb s6 ErnS$33b gACq,J
lsbrgoo6rn er\,o5rgoolr Ee€r3sq, $3q'lr q.orgs63s.
trgq, 2012 $3qt a2a 0q,6 q,rr6ob ttb.>trobo 3rq,pgbgq'3bXbo ojbr 6r8nts33bgqro,
qrrgr63g60.r 3o 380 Eq,6 qrr6o E3,rqr6o6:. $o6s $3q'crrr6 ts3E':t63boor, tsoqrr 3sq'olr $oq'o
EtsJ-otE 0.5 J6om6$3q'o J36i$oor ts3Ego6qrr q.o': 7'1 J6r496$o 03lq6o6:' 0orq'o'r63s
88o35bolsい 踊 ヽoい
OЧ ●6‑Ob F蜘
5530
中 δ
30
ttbgq,0$ogt'l 3rq,E.> 66J-tr 35.3 J6<n636go 03.:qg6o6s; sq6ots6gq'o q9o65
6q.o56sqgtn6oL 36ogo3gq, OrBgbaACq$C (AAA-b 50 Jt6qg66o) 6rJq,CboJ.
3':q'ol-t
qror66t0s N 1.12 bsb3q,6$og(n 3rqro qt 683-or.>6 3.r6qrnb.: (1998-2012 $t.)
r
r
０
９
０
ｏ現 レ ３ ｃレ ｏ
80
7̲0
60
50
40
30
20
10
00
鰯鰯協榔協凱鰯鰯螺協﹄
０
aoqr 3.>q'o (0r6rXBCOr RC6do)
ls6r63o 3rqrl (tu5gbgbr qX6do)
+Lvur<rCr'r 3rq'ol, m+gDO oDSrgsOqr'rbr (ar6mC6J et' do)
-+Ao(Eu ar(,dr ifl}srJb ori6rgr6{'r$r @rdDc306i qC.*,)
▼
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
6080Ψ mb 06■ 35uマ oら o530
,8560:し 5」 ヽ
15Щドなりも
d伊ふOob騨 o国 や
ゝ響山
"Ⅲ
喝 血 η図 6b tteSb。 欧野 wb型 551bb OoO甲 55Q5ぃ 命00q"ooomS O
6｀ し
つΨ '90閲 0 酬5δ6● O 06059o∞ boし 0。 ∽906oで o 9田 00000も ぃΨ60o3゛ 。
6600TP9060で 52012,90し 3063rT 5bb 56300,0｀ 66580"6055b田 563o0059050oo
3響 06出 530500o∞ oΨ S,6● 053し 5δ ttΨ m∞ で ,Ψ Oo60 05830506Ψ ob l・ 486q305oo55o
800006065655o3o6obb 2012,0く り5000で 。
5δ 60556δ 6調 o∂ ∽
9055o Oo95 36∞ ●9」 00b
1153(h0050b8,9 5Ψ 5,6061336o0050っ Ψo 38可 OO0 5憾 Ψ360565b3Ψ O'Ψ 出
δ
55く Po6006 058305060響 Ъ
0
qnr66r8r N 1.13 0o0qm6r63 $gst6otsob p3gogogo
し
卿卿卿
ｃＣ υ●う﹀ｐｐｏり δ
︐
3,000
2008
2009
‑薇
aD
で お 崎 魏 漁 う
+&trqxr6r6rC rSp6odo/&l3-rrrJb
$g:6t'r: bsjs6or3gq,erb 36r'r363q'o b.>63o
31
0o0qgobs63 r65r6oBob 6gq,stg 0bb3oq,o 3rn0&nfu6go, t-t.ljerbq,oor 3s]6obolr b.:qr.r6l-ro,
96o10 6o0365qo36rqg Ar6$o6obgbb aoL Ur6gtntsoo brq,qrcrb. 6.>qrq,o tr6r(,otJ OC6Jo
6o8gq,og 6itnbq.s 20l l $3q,b, 6xn6rn6g ltjtn6q,ott o8Jer66ob, ,rb36 3ibJgr6goL
tsg0orb3Cgrtso, 2012 ggq,b bs66d6erbq,.>qr tsX69qq.or er, tsCbrbrAour(r, 14.3 J6qp66o qr,r
7.6 J6<nG$Oo Egtqr5o6s. b.:jrn6q,oor 3r]6r':boU (,CBoGoOo 20.6 36r3g6gocn 5rpr63Uqrs,
6s6 $o6r $qr36ol-t g36qpCsgosLcDr6 ts3qrr53boor qrsb.rq,o 0s83365b3qos.
ErnEblbg6gboor br6,:6go gr$6rnbr b$6rgsq.o E$r6qn qrsqgboon brq,qrooo
6s6r'ro6Bg3s er 6r$oq,er66o3 .:go6r6bg0b lrsjobq,oor 3$6rnbott gs6ggrgoor brq,.:6bb,
0r36rE 6olm $3q,oq,o Eo6qn6l63 r66r6otsob ger60o63brBo tlXqrs6S0oo 09o69r
(qrsbq,o3boor bsjrn6q,oor 3.:]6obob OynorbXqn). ts3bsbrOollqr, Ern6bsbpt6X6oor 3rlt6r.rbsb
qrrpgbooro Sgq,.g., fus#b fu3g6ot 0orq,os6 lt3s]6o bsq,r6lrtso qrr r2Eaerbgl-6bb
0o0qn6r6g r65s6o8olr Urq',qmb. 0rn0brbg63bob r66r6otsob J6ogogoggq,r'rbJr, orr3ob
0b6o3, gJo6r$Slrrqr 6g6ot8oqrrb Eoqgbgq,o tsg8rnbr3q,3bo 6rErJo6mbC6(D, {6o0qrolr
9e6qdl AsBgfuAgeo 0ogor rnSo $qot-r 6s66.r3q,rn0r0o lttsgrq,r'rqr 58.4 J6<'l0C6Ob
ts3sqr66p.r.
レε９ ８ｏＲど
ｃｃ●
︒ｍ師田輌加
帥輌２
︒
qnr66rEr N 1.f4 gg6o$ob alUJrntft]o et oAM6o
70%
60%
5W.
40%
30%
2ffi
10%
0%
r
d$crloo (Ay6ObCr q36'*,)
r
d.I'i<)Oo (a!60bJ6r (?6do)
tf,(rf, OCtJo (avq?BJbs q!6do)
-lriqN(''L
$gr6t'r; ltsjs6cn33q'ob 3t6o363q'o b.r63o
2008 $qa;q956 et$gCbuq,'o, il36rnb,:3q'gbob 6rq,rbbo gr6grngooro 6rbe5, Bo6soqr6 5A
r66r6otsob Ur6grntsoolo 3rn0Jo636gob, t-r,:o63gb6o6om 0g0r'rbs3q,gbol-r, 9c6q.ooU 636Jo
rqC0r$6br qrrqrSbooro 3rn0Jrn6g6golt, B6xn8oon E38ols3q,gbob, 1r6q9sb. 3b 0gp36o
bgbgb6o3or 0gq6o3o br3r]6er qg3gogogob Jo6xnb30tso, 6.C9ClrrO qrsgo6r6tr3br
g6brng6ro JrJoOrq,ob B30e4go63&oo bq56r, 6r,:6 orr3olr Eb6o3 rgr63L3bb jpgbob
Urg6or$r'r6ol-ro tto63gbgo6oo Jo%o6orlr. bnq,o $q,ob 6.>60r3qn0rBo lsjr6or3gq,rir
bro6gbgo6oo J<nto6o,: 14 Jt6ogg6goor 6.:gs6,CtlqD. sqUs6otl6sgos, 6rna 2012 $gq,t-t
B38r'rbr3q,gbol-r s66r6oBolt gr6gogocrn brql'em BCAgo6qt. sEob Oob3to.: UObclUF)
,:oOqDJoO ofu3ttgo6o3bbg er6o6bgq,o BgAtnbs3qSbob 3q,3br, 6,:6 br6$o6rnbr
ggbrng6o o633bgor5gbob br$s60ogbolr ts306o63b9q,6r &n63bsE.
0oEqrr6.>63 g6r6bgg6ggbo, 6oEgq,og 0ors36rn6obo6oU 6r0rngrngoq,o 66r6$3bobr q.os
bb3r b1l0r,6Cbob 6br36oq,gbotr5r6 B3qgECbs, Eo0qro6r63 r66r6otsott $Cq,$bC 0bb3oq,o
qrsqrgboon 3o6Jtn6361)or q)J BClrrbraolrqo 86o0363q,rn3.:6o $gq,nq,. ts3,>j3b EoSqrobtt6g
r66r6otsob qrsbrq,s6lrgbstso (0o0qn6s63 O6rbUEC6OC0o, 2012 $q'otr 0q6tnEr63mboor,
tr,:jer6q,ob qr3go6ogol-t q)rrbqmcboo a3b,:agqrb rgo6l6ti3bqrs). qr,lq68ooro %6qrs
qgsgojbo6qgs 0gtss3ors 6bs36oq,gbtso, 616 0o0qro6r63 g6s6bg3663boU 06o8363q,er3s6
6s$oq,b $r60r'rrq.o6g6b, 0165.:8 $o6,r $3q,orr6 ts3qrr636oo b6eotr OCaJo brg6d6nbq,,rqr
800006」k〕 Ψ 003m
し。
6∞ δ
36oh bOJOm60b 30 0000面 マ S,00QO「 で, 2012,OΨ し
OoOで o5o600655b別 60,Ob%6Qoし 00 0 0oOo060aり 9。 59δ 5536m050し 005Ψ
鰯凱窃鰯﹄鰯秘
甲ヽ
6650S N l 15 8‐ 5560o5秒 6D3ob 9。 6ヽPb。 3お 055
ル 53ψ
"ヽ
‐‐υ
゛Ot鶴 で力D
― ―&¨ 出 るo島
"6b
rAoflrrb3frCor
r
…
ArAqrfirSC OOrdrUCf ,OCbo
$gr6o: ltsjs6or3gq'tnb 96o36gqro b.163o
Arb3qlo SCPCb"l, db6s3lsqr, 2012 g3qrb,:6, Aodqn6.:63 r6gsSotbU eCBo6oOo 16ro13
b6pq,rq qrrgo6uSlrqrr, u6r63qr 6ro$.:6q.or jmgbob ttg6orr8o6obo 6gbgr6pbo.
0o6qro6s63 r65s6oBoU qrXgo6ogob qrsgo6r6t-rXbolr 66o8363qo3s6
Sgrr6oL 2012 $3q,tr,:g
Jo6qr$o6o UObr'rU6o o633bgo6og6o g,r60osq.ob36er. g636pgo3ob bggrn6o, go6.: gq,otr
0U6r3b,:qg, J3qlrg rCOCrq,S6o oger o63gb6o6o3bolr Eoboqr3olr
Juo;boo. 06ots363q,o3s6o
o63gbgo6o3bo Ar6bm66oCq',er, s6tlgor3g, AreraJaflErOCbCE o 063ffpq,r0ob,
O6r6bJo6OotJ q.or 3.r3tso66.:b03q,rnbotr es br8o6rbb('l tJCCOo6rCA6o. 2012 g3q,tr
66ots363q,r'r3.:6o 5rbqg.) Jrr6gg3q,g6o o633b6o6ogbo, 6erEqrotr 8r.4gq,ob,s oroo{6ob 900
Ooq,oob rBts qrrnqrr6l-r AJ3$reqler. 3rnr5$g3qr36o o633b6ogog6ob Er.rboqr3ob do6oor.rqr
$9.:6rnL ltsbgq,A$ogmb qsj33dq3bs6gbgqro b;fr6Er.r3botr g36ornbq,ogs13o3bob.r (511 0qr6.
rBts qrrnq,s6o) C.or tJrbr6Jo trCdoo6ob gsbo.>6o jrqlq,qrgbob
6;goqr3gbo $,>60r,r.:egAC6C9r.
bb3,: ob3gtrgogo3bob brq,(,o, 6rtJ3q', gCq,olrb Egqrs6gboor, 06o8363qerg6rqr ogo
EXE6o63bgq,o. .:j3qrr6, rjgo33bot-r <'r336rgogq,o tr6qr.: 341.8 0ql6 sEts qnq.r6tr
brUortq)er, 6sg do6oorrqrre r6r6CtroeC66 bs66bao 6.:6or.r3lr3bgq,o q3Jn$og3bol,r
9c6qroor ogr'r brArrSACUq,o. brtJ3q,l $3q,b b.rbgq,a$ogo
erCgCAcgCb.r6gbstso 0gcrc,36
Its$l60rng6oL 0q6 336r'rbobq3bob 63rq,obsgooL 6tocn 0o6oq,o$3&gq,o !rblr630o
do6oorrq,,rqr ggbrl26o b,s63gbolr ll3o6gbJmbqg6gr.r .:63s6otsgb$C b56or3ber. trb3r
o63gb6o6o3bob 3rq,q_o3bgq,gb3bolr b6qrr0 637.4 0q,6 .:tsts qroqrs6o tsgrqrgoE.l. l0
038orb333rEo, 06o663gq,c'r3r6o og(') r656CqboeC6oCbotr qgSJo%oggbob b6qr.:. t$6r63rn
bgbbgbob oJ36.lgogq>Er b6q.l0 3o 275.4 Eqrb rBA etnE 16cr 63rqr6o6s, 6.:6
6sbgq,
Jg6oerq6borrb 6gqrr6Sboo br66d6r.rbqrsqr qDbrq,o 0rBg6g63q,o,:. gb 6r$Jo6pb3b3q,o
ogm, g6om 6b6o3, g6o363qo br63olr 0o96 b.:36orr6rnr6obo lt3.lqrg$o gerbqroll
363qgoggboL qrrgs63oor, br.rqm, 63ce63 db6o3, go Sq,ob Jo633q', 6.rb6r6[o t_rrbs63r.r
li6jgrn6oL b.rb3bb<n 3.:q,q.o3b3qr3bg6ol-r ts36go63boor, 6sEr6 $qog6o 0r,r6s638oL 3q,3b.s
br6urbq36r.
ー
33
qnr66rar N 1.16 0o0qo6,>6g s6nr6o8ob qpgogogob qrsgo6r6Lg0ob $g,>6m36o
$0o6qrr,
(9.:6qmAr flAl-bcrr.r6)
25%
20?6
75%
LOr6
5%
o%
-5%
-10t6
r Jdtqlrlrxtn o63Cb$rcoCbo r &n6619gqnb oESd1grOoCOo
I trt3c o6gll6gq6o
I l$d,CtC(93o €OrRCbo
$gr6cr: lr.r jst6or3gq,ob X6o36gq,o 0163o
lrb3r o63gb6o6o36ob J.:bo33blrs er Jo6e$o6o o63gl_rgo6o36ob brbgbbo
JrJoorq,tso
6r6bo60oCq',Cbgq,0l efgr64oXb0.> 6s6.rJor6rnbglr br6s63rn 3sqrotr bt6qrr 1.8 dg6q9 rgti
ernq,lr6oo. 2012 Sq,ob 3l qgSAb6nb 0q6tn0.r63oboo fuggbob 0cnqos60r bs6rr6g<n 3rq,E,r
13.4 0q,6rq r0d qmq,r6o ACrq6o,6r, 66 0oryos6o Eoqr.: Jfirnqa3jgolr 84.4 J6ogg6gor.
2012 $q,oU CACg6"tr brgr6or8er6obrn 6rCbC6,SC0ol.l $0o6qrs roJgr64ogq.,0.r b@rO 38.2
0q6 rtB q)rnq,r6o Egrqr6o6.: qrr 3l qalC00r6otr 6qr6o0r63o6oor 2.9 0q,6qr rBil qreqrr6b
(AAJ-b 18.1 J6o6g6go) Ar36oq,q'r.
6bt6oq,o N 1.4 lirj.l6cn33q,ob b,:6rqr.ll-r.tbp3gr.r brqr,rbbob .:6rq,ogo3g6o $.:60rnq6g6,r
(2m8-2018 gS.)
:rAA
2008
‑1.840
-1,814
l$C.,r6qdr br('rdr.,
-3,836
-2,400
-2,590
-3,494
-4,2',t4
dbJctr 6.)
o0Jcr6.n
A''A$fuf,C0J
2428
1 ,894
2,62
3.254
3.501
-6.2U
4,293
-5,052
-6,748
‑7715
340
513
748
'I.101
,599
2,008
2,*1
1.035
‑1,261
1,440
422
-103
1,260
arbJof,
-1,239
,314
‑974
-58
41
‑242
‑239
AC&'ilJ€q$o (EAd<rr)
nfi(,J6: Autrrl6tr3q'o Jt+roffF6o
dflfll3C6'$o 6ao6er)
v$q'i5: t$bCq'oF{Jcr bd)(,lfr,
, 2012 gq'()L A,.)6rOdCbo
1
1
＾
Ｚ
Jfr.Nr\lo
一
ｂ
201210
1,193
＾
Ｚ
2011
‑2,813
2009
1,1U
2010
ao6ApEY60 $ir:trro8o
_
.25?
1,060
968
1 ,098
365
141
174
‑310
'1.329
144
So6rlr$$r,J (}r C&dAC6J((,CAr ertJlro0ojr bsjtro"lortu AoC6, Dq(,J6o U6"6of6o3gOo
b$sr$q'Bott ArLiq'Jbob quag643aot AJAAffa- (}rt,3bOJAS<'r, As,6JoCAJ6o brac&JS6(Qc6J 2Ol3 $(xr, rosdrt)ob
AcqnL-
I0 2012
Sqr,b Am6rOCAJ0o Vo6Jr0J6or Ar JSdeCby6C6r q,5,bpJroCDrl, brCfro\5.tu a()06, gq\]36ro Lo.ror,t\lr,J36o
6r0o$q'Bob arbreCboU qJaga,rgaob afapfa. <gibulroJb3q,., AcEr0CACoo DA(,CACgEQCOr 2013 $q,ol, rA8obool,
6oq'oL
399
't
,402
114
34
qfu C,rE: 6SJ36.(,J0o J6l]Qr,l3o
305
317
417
618
710
,)..hq)r6: Ubns .rf6d'r 1SrEJR.ffi, .r6t@qY,
408
521
534
583
587
'112
183
206
2,693
'l ,363
2,?25
1,916
.DJo6rgdr 15l.{6()8()
tso6s8rflfxl r6$tr)oAo
緻〕0‑Or/.ll G翻 民ゃ)
s-jSprs: Jotqrorio6o oftrltY,fio,lbo lttr6o}1]:tq'{qAo
…
♂
33)δ 30(ラ bu
"゛
t i,bre"6.,qlc,
ty.*5.9Fr,
暖
な燎
中 やめ
‑Ob(・ps5oぃ
""。
134
1,418
677
976
679
902
603
1,564
659
814
1,048
866
22
247
0
2
1
651
386
336
319
503
501
0
0
44
106
191
359
335
274
396
602
53
-39
1,O02
810
,103
‑65
-213
834
192
109
8
10
89
tJdrbo (&x.oCqJerr)
596
-243
18
z',t2
223
‑87
6OdgqjlqrD5o
406
8
7
aq3q'13lqr,J6o
190
-251
6 択 。ヽ
(aマ 山 い )
(Jo6,gr$d(,o
t
ofuIlL6.rGrr.Fob ayc,qlJ)
Jr6,&i d$.q6rr
b$r6Jcl btkldrro
("Ⅲ
Jovヽ
‑3‑b
5)
bb3r Fac5q,r (6!qqrl ggqn g,.\ e$o\13bo)
U$.r bgl6o6o
t―
Db o53♪ On3ぃ く
0缶量ぃ)
(…
-302
1
4
213
‑91
-220
56
199
117
174
169
617
13
2
261
1
510
62
155
35
335
155
124
-40
-122
-167
47
44
44
40
-20
13
-24
40
‑20
acrcoJ5o (t')EoSJdJcD,:
52
45',1
31
-55'l
-z',t2
lilf,J$t'nct $OrBCAo
-131
616
-208
‑572
$e{qrfJ 6dr3f&Aob arac'Sr63br
222
313
276
‑59
6r6lrsJucrd;Cb5qrr AJAdJnJCbT
38
-'t47
66〕 ふおヽい 5o b■bOb。
)
l,bg"
a0orer6Aao erl 6i0r,Osr3Cacao
oqrelqr orE$Aro
̀σ
〜
興
Oo叩 5ⅢⅢⅢ
o茎 壁 わ&プ 田じも
t‑00ル
う
/"(蒟
3 bOD
Oc時))
輌切配p)
αら
SA(16('r"∞
Orr,rEUECf\)CbdaaJ-Uob (.:CrrCrrfrh)
)
Ｚ
＾
A6oBg6fqxngqo 3oggogoCSOCAo
6♪ Jb)00崚
賀
J∽ 齢
-245
80
24
48
44
42
38
492%
220%
662%
102%
657%
127%
660%
115%
11196
609%
105%
63%
5.4%
6.2%
3.8%
8.3%
9.O%
9.4%
9.2%
a.9%
$gr6t'r: br j.:6or3gq'crlr 36rn363q,o b163o
sqlt6oB6.r3o.r, ffi
2072 $Cqb ao6qrr6s6C r66r6oBob cg3gogo6lr, J3q,ra
E6ots3fuq,tn3.:6$oq,rq9, trrCrn6q,ool ar36rn0r ArEllJ%eS6rB(,J. jpOr'ro 0rng3r6oq,or
Lsjel6q4o lt6r63o 3r36obob b6r6ob6o3ol-r q,COrq,U6o 0o0erboq6r, t6mE3q,o6 do6oor.:qr.:qr gg6qrbr.r6,> brbrXrn b.r0brbg666ob Eog6 6g6obg6o6gbgq, 0tn6rgg0gbb.tr
2012 $gqU ttjr6or3gq,eir lsgr6grr 3536obob t 6S9ob OOaJo $o6.r $gq,or$ BSqrrdr3boor
66ots363q,rn36:qr (cnocnj0ob br0136) 8g63q,qr qrr 10.5 J6rnp6go 69.>qr6obu tsCeC6rsg
b.r3;]6r.r bt6g63r 10.2 0q,6q.o. rtstl q,rnq'lr6b 6r36rnq,('b. brg6d$rnbqrrqr o3q,6 6r'16o66
696ob66o6r3bgq,o 3ibJo6gob, sb333 o8Jrn6golr %6eotJ OcaJcbd.r, 6;9 Bglsb.:OoLrqr 8.6
Jdrrn6X6gl-t AJ 11.1 J6o0C6gb 03.:q.o6gbq.or. r8r36qrogq,rqr, o0&e6gob $q,og6o 'b6pr
I lndarEqno, l$6Jf,C(,) ArJtioAd, UOJO.i tSoJJ dolioo,X.o CAUd6Cbr lrrtQ3trd, 0r{gil3corf, ,]lffioo$.,, a$o6
c(\" brq"rflxfu JrAJ(,EFoo t rJ(.)6((ro, 3{{c,c$r C,rgU6C0t]q(D tfutrryJQ}JJ qg,t
,r6s63brp3fub Asrfr)l., l$Jfor6,CAd, ,gg3aou 6rqu0C0.rta . 616,('J rAdl5, r6d, Jo(,B bU3s apxrqx'{x%(!J6,o
asbbt}Jl3JoCbo.
35
glrJcn6gobrb 596 6q,6. rtlil qxnq,r6oor s$,l6bXbqpr. 2012 $q,ob bs3.:$t6o qrggogogo 5.5
0q,6qp. saa (mq,t6b 6rU0crq,a6, 6s6 otr6ot6ogq,o 0.:jUo0g0or. 3flbJrn6goor oa3s)6oob
5rqrsgs63ob 3039o6o96$o 3o &nq'rn l$Eo $q'olr 6r60.>3qx'rb.:Bo 86o8363q,o36.rq 16
og3q,g6oqr.l q9.> 30 J6e6g66ob 0oqrr0rng66o 096g3<nbqr.:.
gb6oqro N 1.5 6g3ol-tg6ot636gq,o gjbJer6gob qrs o8Jo6gob $q,og6o bt6q.oob
$gr6er: bsjr6or33qrolr L6s6otr6o3ob 3t6er363qro bs0lr,:b36o
brCcr6Enb CCbJ<n6,Oo, q,r6otsEJq,C6ol, Oobgqgoor, AgAqr366m6rqr 5rqrs6s$oq'qrs: 3.9
J6rsBC6Ob bro635bgo6cxn b:jo63qn ts3.rqgaC6q)u 53.3 J6r'r13C6Ob - tsgrq,gq43t6o
&nb0r6gbotr brjo6gq',o; brnq,rn lt0rn0b0r63\,o lr,>jrnbq,ott Soq,rq 42.6 J6e6g6$o
Ernqnrnqrr. $o6r $gq,ot6 ts3qrr63boor, 6mlrr6qrr b$o0b6.:63bqxn brjrn6q,oU $oq,o
6cnqnr6 3jbJrn5gtso. lrsEm6b0s6gbq,o lsjo6q,olr g$Jrn6SoL b6qrstso, ob333 6r'r5er56
g.ir3q, $3q,tJ, $rEg3r6o oger 0bgbgjo s3goEnboq,gbob 6s3q16r (6.3 J6o666gq,o
Jg6jgo CCUScl6Oob Oorq,o$ b6qrs0o). r36erAer6oq,Jbob d)CCCb&n6Oo, 6r'r03q,og
alUJcr6gob b6qril do6oorsqn 6r6EbsSqS6gq,o grjgrnt6or, [crq,rn cr6o $q,ob
656Argq'r'lbrtso, bOrAoE-J6re' Jofu3q, &rto6osicas qrr 2012 $3qb o6Jrn66o6363q,o
J3o(nA(.tboq,Cbob 88.6 Jt6r.Bg66b 6tno6r3b. lt0o0bdr6gbqo brjerbq,ob CCbJo6OotJ'b6eJ,
rbCBC bCq,o 69g$9or rq,3rnBerq,or6o qrs grq,3r'r3oq,o Urb03q,g0ob 3jbJrnt660.l, 61019
ar0g6rqr glLJot66ob br6qt0o 2.2 J6r.6366or6o $3q,oq,o 6Co6rbr. bdr0gq,3bob
CCLJm6Oot UAospC[ro 6s$oq,o g36so6.r8o bJ6boSGoCq,er, 0bb3oq,o o0Jgr66orn63bo
16o16 sbCBC grlsrbCon ('r rbCffiroxr6o. 6rlrgq,o $q,ob erdrl36sqro b6qnb AfApCa,
6rbs6 b3q,o Eg3$go Ebb3oq,o gltr&n6r3ogr6o #Xg6cbob Erngls3q,o$r'rbr6, orboq'ob
g$bJo6go 2012 $3q,lt Bg0go63bpq,o.:. orgE6r orboq,o tr6sboq,g6rq.o b3(,gb,i 3jUJ<n6gotr
$.:89316 bgorggqrtso qrs, tl3ttbrEottqr, jr6ogq,o gjbJcr6golro3ob 06o0369q,rn3.:6
b.:jer6gq,lr $.:66o.:q636b. sqb.:6o86.:3o,:, 6rn0 Obrngq,orn oboq,oLt $r60rn36otr
errbqxn3boor 4 J6rn66go lt j.:6or3gq,r'rtca 0rnqnrb. 2012 Sqrob 6r56r3qr9b,rtso slt333
art6(rlq,,o ogo aJbJo6g0o b.:o633lrgogoo brjefiq,ob $oq,o, 616 rb63 633ittJrr6gocn
ogrn g.:6Jo6<nb3bgqro.
Ｃ ﹀ｐｐｏｏレ︶
ＣＣ ν︶
ｏ
︐
加帥勁輌Ⅷ加ｍ︒
qror66r0r N 1.17 gObb3oq,gl-to ltglbJrn6gro bJsjrn6q,rn a6Sggbo 2011-2012 ffi.
■ 2011 ■ 2012
∫〆 ∫
F
$gsFro: lt.ljr6or33q,crlt b6r6olt6o3ott g6t'r36gq,o b.:01-rrbg6o
ｂ
´
５
＾
●
ｏ
Ego63 JoSo6o.:tg gXtvx'rAg6rqgbo0ob albJo6go ogo, t6rn0gqn6 brnqn ts0o $q,ob
6s60r3ger0rBo b$!8oq-J6or qrr 06ots369q,r,'r3.>6 6ggCbb 16 6.r6ogqrob. albJrn6g8o
OglsEg Jr.rto6or 0o63t6.rqg6 bslrgf& X]o6r, 6r.r06qo6 0l6cn,:q,or So6r $gq'or,:6
Egqrr6gboo 4.8 J6o6g6goor tsg0go6q.or, 0rg610 0ro66 06o8363q,o3,>6o $Bqg.,ql. ACoOr6r
0orq,orb gjltJr'r6gtso. Eggrorb3 Jr.rtro6orbS mj6ob gjl,rJrn6Oo our,l, 6ar03q,o6 6,rbgq,
$ggotrb tsgqr.:6gboor,:lrg33 6336ot63b3q,or.
qnr66r0s N 1.18 lr.:j,:t6or3gqxrtt gObb3oq,3bo ltgs]6el Jr6OEcm6o jpg6gbo
3jlrJrn6gob 0ob3q6oar
Ｏｍ
︒
﹁鰤卿４
Ｑゝレ８０ ８ｏＲど
■ 2011 ■ 2012
▼
ゞ
∫が プ ご ざ∫
ござ
$g16r,r: lnjr6ro135q'olt U6s6ob6o3olr g6o9Egqro brObrbgtlo
2012 ggqb tlrjr6c4gq,r'rb gEbb3oq,Slro br3r]6o Jr6O6oo6o #CSSCA" CCb&'!6,Oob
6obgq6oor o93696: stg6bro24r6o, Lo0b3oro, rBtl, 1136.ro6s, ory6j3on, 3s6.rq9s,
6gq,6r6gcrn, grb,:bgoro, 0gq,6o,r er o6rq,lor. r0 j3gg63bcrL $oq,Xg 8r'l(rlm!_or Aorq,or6o
636o1-t$6o63b3qro alLJgr6gob 74.6 J6r'r666o.
6b6oq,o N 1.6 gObb3oq,3bo br1jbJn6gr.r U.:jrnbq,otr 5.:6.:$oqr36r o0Jot6gorn6o
υt,Uu、 ピ
t
t/b
72
b田
13
486
612
00
02
0̲0
136so6s
09
96
00
00
90
448
422
172
00
27
00
684
18
00
00
482
00
00
38
Ｅυ
´
６
00
´
ｂ
boObpo
3● 5N5
99
４Ｃ０ ０ｏｏＣ●
00
ｏ 一●勲︶ｏ①
04
ｏ３レｇ
21
Ｘ Ｃ ｏゆｏ０
εＯＣ∞レ
ｃＯ Ｃｃつ
Ｃ υｏ つＳ
ＣＣうε
Ｃ Юｏや り つつつ
Ｘ Ｃ ｏ一ｃ ｏ
588
rbl6brcr11:6o
０ υＣ つ
つｏ つい
ｃＣ Ｏ
ｃＣ Ｏ
Ｃめ
ｃｏのレこ ｏ●お８０∞ｏ
ｃ雲ど０召
の０８９げうＯｏｐｅｃのい
3」 Uυ JUt'U
27
00
03
12
03
03
00
87
00
952
03
00
08
04
00
00
01
00
134
00
02
00
01
01
908
00
60CP605
89
00
00
00
56
00
00
00
00
00
g.:b.:bJpro
06
00
00
00
103
75
187
169
00
00
鞭
6%ち CD0
13
69
17
00
38
00
め 35
しりqP
110
223
205
100
100
100
´
６
or."fr;J5oro
60qP5匈 しo
00
100
11
01
02
01
00
07
05
76
93
80
00
00
654
289
242
204
92
223
100
100
100
100
100
100
$9,:ttrr.r: b.:jrt6or33q,r'rb b6s6ott6o3ob 36r'1363q,o bsE[rb36o
７′
つＤ
trjo6q,olr 6g6obg6o6)C63qn o0Jrn6goL Arqor6s$oq,Cbr er6ots63qrC6ob 0ob3q6oor
tsg6c.o36or: 15.8 J6o66gb lto633trgo6oo tr$rnbXq,o tsg.rqr6g6qu 40.5 J6er66$ti tsgsq5qry6o 0rnbE,r63bob ltjrn63q,o, boqxn 166.666r63bq,rn bsjgr$q,olt $oq,rqr 43.5
J6cnOC6go 0r'rqnr.rqt. 2011 qg.l 2012 $qpbtso o6Jo6gob 0c'ggqx'r0rBo 0go6qrgbop':
[s0r'ratrE,:6gbq,rn br;lrnbq,otr qr.r olr6qr36gqr [rm63gb6ogoer qrt tsgrq,3qq36o 0obEst636ob
b.sjrn6q,otr $oq,gbo. lr.:o633tl$o6oo brjcrEq,olr b5<.os8o 86o836Xqro3s6o oger brtrogq,r'r-
lrsE3366grn qr6ots6gq,g0ob Es6js63bo, 3q3jg6og6365oob $r60r'rg6.rbor.r6
qpr3s3Bo63bgq,o q'rErQAr6C6o qrs 3o0Jo3OC6.Jg" $3j6o3.1. 6r3ornbolr so63bolr
oEJcr6go, 6rn6gq,o6 6grq,gqq36o 0ob0r63bob b$rn6gq,l-r 6,>6X15o663bs, So6r $gq,olr6
03qrr63boor rnqrbs3 EgE6o6CbUq.r qgr 233.2 0q,6 rBtl Qerq,56tr 3$oqq3br.
o0&nr6go63bgq,o ls8er0b0r6gbq,er brjo6q,ob 27.9 J6ogC6gb 6r3orrbJ6<nqrgj$3bo
(do6oorrqr,:qr brr3$slAoboq,o b36bo6o) EXlp6l6qgr, 6o!q,olr oaJo66ob $q'o36o
ged)(r)b 6CAJo 6rbgq, $3q,orr6 EXqt6Xboo l$66d6rnbq,rqr ECECq,CPT pr 4.4 J6r.)o36$l-t
ArUOmE eJ. rAJge,6tnUql5lg, 6r3oxnbJ6rnqrgj$36o1-r o6Jot+r$o Eorq,orbo o6Srn6$otr l2.l
J6r135gor. o0Jrn6go6303qo lrsilo0b0sr630q,r'r l-tsjobq,ob 19'4 SdqlCEOo Abgb3jo
rSo(,)A(')boq)Cboti $oq,rq Eoqnoqrs, 6r'raq'ob $3q,.q). o0Jo6$ob S6qrrtso $CE)rqbC
Erqrqro ogsr. r36oAoboq,Sbob oAJr,6OotJ 6rqsq,o 9s6q9ol-r $38Jo 2012 $3q,b.r6
ts36r6tsg6qpr qgr 29.8 J6rng96go tsgrqr6o6.>. 6r'rgo66 b3Ooor rqo6o86s, 2012 $q'otr
6r60r3q,mb.rtso 6geib&D66o o0&n6go63bgqro r3$r'r0oboqr36ob 88.6 JtSr'656$tr
0oog13qrr.
qnr66s0r N 1.19 gAbb8oqdrt bsoA&rft5cr lsje6q'ob Oo33q't'rbob qro6r3o3.>
︐
υ Ｃ 勲︶ｐｐろ つ υ ｏ
︒
︒
回 卿 鰤 畑 ｍ ︒ 仰 抑 畑 ｍ
５
ｃＣ
■ 2011
■ 2012
$g.:t1o: Urjrtior3Xq'olt b$s6olr$o3ob 3ttro363q'o b.:0lrsb36o
2012 $3q,tr b,:J3xbo rrxnqti*)cbotr ftryo llrjobq'ot 6,C6ob0Fn6,ca'Jqr o8Jot6$tso
66o03fuqxn36,>qp 16 tsC6gq'oq,r qt 12.8 Jfx'r3gful, ArUOoq,Qt. {3q9.:6, 23'9 J6e636$o
(Ooq,o.$o 6p6obg6o6g&3q,o o6&n6gob 3.1 J6%96$o) bo60q'oU $oq'rqr Eoqnrnqrr.
$o6s $3q,or.>6 BgqrrS3boor bot6\,ob odJer6$b3 Qr65br6xo 30.2 J6er636$oor 5.rotr6qrr,
616 brb6dbrnbq,rqr sq36rg3br 2011 $q,olr t)5qrrb, Es66r0 36qrr rpo6ots6erl-t, 6r'10 .rE
6rcnq36rnbob errbqxnCboo 20 Jt6m66$o 63glbJor6$oUor3ob o5o ArEJUoSboqro.
ber6bq,otr tscEqCA, b.>63bo J6rnqq3iggbob o0Jer6$Bo g30qrtC qroqro $oq'o brn6Solr
J6r'rqgjggAob o0Jc6$ot, $oq,,:qr Ooqrxnq,s Q3C6ob J6r'rq93d$X6oti 12'3 J6r436$o).
tsg6q36o Jrntrogor Esjr6b qrr 0otr6s6 qrsdtrsqt3bgq, b,>3o6qn$6rn 6.>$r60b 3$o6,r Q3gbob
J6r.rpgjg3bob 10.5 J6r.rg36go). orrOO.>job qrr rq,3r'r3rnqr36o 6r$r6Eolr o0Jm6$o
38
Eorqnr6o fu6ottgt6o6gbgq,o o8Jo6golr 2.2 J6er6g6gb ACoS9ACEC9T Cgs $o6s $q,ob
Bgltbr0olr JS6ooqorb ts3qrrt63boor 3.4 J6o6X6goco ogrn Art6(rlq,o.
qror66r0s N 1.20 b,:jr6cr6gqrnb gObb3oq3bo ts3s]6r'r Js6g6otndro jpg6Xbo oASo6OoU
6ob3q6oor
動
詢ｍｍｍｍ
ｏｃａυＥＤ ｐ％ ｏルお
■ 2011 ■ 2012
べご ざござ∫礁ご∫∫
ー
$gs6r'r: lrlj:6or3Cq,<'ll, l.,OrOol.,Oo3ob 36o36gq,o Ls0llbpr<ro
brjo6q,oli 636o1-r66o63bgq,o oEJo6golr Oob3qr3oco gObb3oq,gbo lr;3r$6rn
316g6oo6o fu3g63bo o93596: ory6j9on, s9lg6bro2gr6o, g36so6s, 8o69oro, 6g6Es6or,
6gUgoro, or.In6o,:, 63q,5.>63on, o$rq',or qt 6rg0o69oro. .:q6o[bgqro fu3g6gbob $oq,sq
0orq,or6o 6g6obg6o636gq,o o83rn6gob 70.5 Jt6rrcg6go E1.)(n('l(rr.
6b6oqro N 1.7 gObboq,gl-ro b.ro6Jrnt66er Urbrjrnbq,r.r 2l6gg3bolr 6.160$oq,3br
01
06
00
01
00
00
33
04
6‐J8o5Po
239
205
03
01
02
18
36
90
07
00
05
40
05
07
00
00
52
00
70
00
01
18
01
23
00
00
69
29
01
00
02
00
146
00
15
00
00
00
10
464
04
00
522
00
P86釣 00
10
00
00
336ro5:
02
05
01
05
00
じbO、
108
174
16
噛
100
lllCl
llXl
29
576
02
00
ＥＪ
00
39
50
03
01
24
6
135
７
′
＾
00
いも5bpO
４
δ
636016os
10
99
Ｅリ
00
01
00
180
188
い
５
７
ξフ
■■
︐
6」 R貿,60σЮ
ＣＯＣ●０●０つＣηうＯｏ●６
ｃЮ一０﹁０３ ＣＣつｏε６ ∞β
"bo00
00
00
00
00
00
Ｃ＾
ヽＣεＯのｃＣεいつりｏＣＯ
00
00
241
ＣｏのＣＯ﹁ＯＣＯ´りεっじ イＯｏｏ
ｏ３一名９９ヽあレ∞
６？お久
29
00
つＣＯ゛´ ぁＷＯЮｏЮＣ Ｃ ｐｏｏ匈
732
444
´
０
っ
υ
Ｃ
Ｃα
ぬｂハ
０
ｏｏ
Ｏｏ
00
00
ｃｔｃ３ ８Ю８６∞
02
oJJr'16()J
ｃ らｏＣｒろ
353
ｃｏ
ｃｏ聟 名い０い電
ｃｔ Ｏｏ
η
ｃろ
レ
８ｏ
′
t'Otス ′
t即 [■ ■jvU:
rbS6brop6o
…
592
927
844
461
69
60
llyO
100
100
lllCl
100
1∞
1∞
η
$g:6t'r: b;j.t6or3Aq,srb l.,OrOoUOo3olr g6r'136gq,o lr.:fllisbg6o
39
2 ggq'ialrsJ6cNndDeolr€rgJoo
2.1 ggqr,>qp lrr36,C(n${, Jtnq,oOoJJ
lrsjs6cn3gq,r'rlr rr6r6r6gq,o 3r6rn6oU - .bsjr6or33q,rrb g6rn36gq,o b.r63olr B3ltb3b"
8ob3qr3oor, b.>js6or3Xq,rnb 36o36gqro b.>63ob do6oorrqr .:Eer6r6lb Srbsbol-t
bgs6oq,g6r'T bob Sb6gbpq,gogr $s68rnrqr636lr. ,:Estror.:6, g6qrr rqo6ots6olt, 6oE 3s6o6o
brgo6rblrgr tJobocaob bor6oq-J6obr
s3.rq,q3bgq16lr 36tn362q' br63t-t,
"3tr6a363cq,gr'iJ
qrr 6s6j3o63sq,rnbr qrr b3q,o 833$gcrb jggr6r8o 0q66scg 13o6oEo336 b6qrrb org 3l-t
6gl-rrdq,gb3q''or obg, 6o0 bsgSorbS .16 ts3ql06rb Eobo do6oorrqro r6o6s6ob B3b63q'3brtr".
b.:js6or3gq,crb 36<n36gq,o 0r63ob 0ogt5 6r6bet66qq'gbgq,o ao6cOr6Uq'o Joq'o$o3r
0glsb,>6oberbs8o Ereqrornqrr brjr6or3gq,erb Jr6q,rAC6Oob qPrqAC6oE 3bstJcnrb .2012-2014
$q,3bol-r ggq,.lq9-br3r6gqgo$o (rr lrr3rq,ggrn Jrnqogo3olr do6oorrqro 0o0r6orpq',3bgbolr
fultbgb". ,:q6o86gqr qx.r3g0C6$Ao 6r5303q,or 36o363q'o br63ob 0o36 qrsqr6S6oq'o
obgq,rgoob 8otc6ob6o3o ErE336gb3q,o, 6xnE3qro6, i33gr6r0o Oerj03qro o6gqrrgoolr
orr663om6g6ob 6g9o8olr tsglr,rbrOoltqr, 83.:gooqr g6qr; ogob 6r0r6brq.oC0pq,o ts5dqr5oEo
J36ornqgotror3ob . 2012-2014 $q6bobor3ob l-r.:jrt6or33q,erb 36rn363qrEs b.:638r EolrErT b6o3
0rB3gbg@rq.o qrsq6o6r ln8rn8b0r6Sbq,rn Srtr3bolr $qo36o 9c6qt 5 J6rng36$ob
oqrX6r.rboor lrstsgsq'o3.rqorb J36ooqr0o. o0 ts30ob333$o, org o6gq's3oob brS6rn6Settrrn
6rtsp6gb3q,o rygor6gbs 0o9c6ob6o3tr, lrsj.r6cn3Sqerb 36o36gq'o b.r63o 6r,rE3r6636l:
0rn6gsJr6ryq, 3tnq,o$o3rb, brnq,cn oU o63q'.:goob bs36o66obrn ErBg63bq'o
0ot6ob6o3bg gg6rn 6r3q5bos, 36r'563q,o br63o Egr66oq36otl Jreq,o6o3rL 0oEr6or,s3lt'
trsjs6orgq,ol-r 36m36gq,o bs63otr o6gq,rgoolr 6fuXq,3rqnr6o Eo$6r'rb6qo 0rts336X63q'o
3 J6er6X6gb ts3rq.o656b. 6fuCqB4'orb 336oceqr8o, l-rs j.r6or33q'rnlr 33o6r'16o3olr
Ar6goolr6C63q, &Xg63bcnr6 q)rrbE rnCbob ,:.r6rq,3q36rcg, COrJob6o3rQ BX06o6q990r
o6gq,rgoob oJgo0rqrp6o qm6g qr ts3bsbrOol-rrqr, bsjs6or33qrnb 36o363q,o 6r63ob
o6gq,rgool-r 0obbrn06o3o 0sts3g63b3q,o prgr\m3q.ogbl Oob 56dgqr3r(r,56 q)t'rbcb.
.rjgqrr6 6r8o6qro6r63, 0ot6r'r66o3o 6rB3X63fuq,o 2015 $3q'tr 5 J6e436$,>Eq93
E306o6q60s.
獅
qnl66r8r N 2.1 6r'rSgrJrdr3qro JtT q,o$o3ob 6rbr33on qrr 6orq'or6o o$gq'lgor
2llo
脳
l5%
獅
晰
-59o
6roigon (ac6g36r qSoao)
ofuq,Joor (ar56bg6r qc6do)
-aor(rri6o
-6,cs<r6raxrd,ce*
$916r, : bsjsSor3Sq'erlt 3t6r'r363q'o bs63o
U,rj.r6orgq,ob g6rn363q,o bs63o 0r'r63$r63q, Joq',o$o3rb rbm6go3qr3blr
8r36r.r33erbm0o3g6o 6s630r'rlr, dtrogq,oo Arbfubb3 Eo8qnbr63 36r'63b3bolr.r qr,: j3396ob
Bo66ocn Jogogo3g6-gr.r6rn0o3gt6o BooJ6C6ob 3mEJq,3jb36o r6sqrotrob bq3fu3q'16.
6b3qrgq,ob.r6o Oooq3b.r Lsjr6or3gq,oU do6ocnrqr b.>3,>$6rn Js6g6oert6 &3gbCbtso
.r6l-rgbgqro grl-r36otr qn6r0o3r, 0ors36erboL gotr3rq,g6o Jr.rqro$o3r, bsgo6r6trer qrs
b.r3sqtgo b.:b63blca s6lr3bgq,o gg6q566og6o, lr.r36cn.r8o6obr.r lsLsjobq,rr brlr63bteX
grtlSbob qn6sao3l, ltr0rn0b0r63bq,n SrbCbob 3rq,rorotrs qgr ao60ordr"Jqo 6rqrrSSEoU
or.:3o1,r3b3630r6o, 6,tG oEgq,sgoolr 0oq,rnqn6olr ggr60o63bsl5 Q5 36rn363q,o
3rqr3$obrqrOo lr.rlcrn6sqrm3bol-r Eqrerbob rOsqq,3bdl 5.:6rJo6r.rb3bb.
2072 Sq.l, 6r6Es3q,rnbrtso obgqrsgor 0ote6gb6o3 0rB3363bgqbg qrsbqrr
6r6Bg6qr36rnqr.:. o6gq,r6oob A306o536olr g36a.q6gos 2011 $q,ob o36otttso qrm$gg, 6sg
g0orr36gbsqr 0o$oqrg6ob grC6<'r6C0ool ogo 6r6Jo6ob3bgq,o. 06ots36gqlrn3r6o ogo rbg33
brbsber 3g3jgob gr3q,36r. 201f $qob ArlsrBbUE oer6 ls3Sot6rn6oLgr ltbrjer6q,r.r
bsle6gbb3 Brb3bob 3q,3botr gg6pX66or qrrgojlro6p,:. p6drnqg, gslrgbo ts386o6qrr
6r3ox'rblr.: pr tsrjr6bg. 6gUgorobr qrr g6ro6ob Eb6oqrr6 ber6bq,olr CdbJo6Ol5S
36bs66ob 0rnbtt6s0 3o ,)06J6rnq_ogjggboU g.:bgAob B366o6gbr Ar6rJo6obr er
qrras6gbocrro $3q,oq,o E0o0r6r o6gq,rgoob ts306o69b,rtso.
b.rj.:6or33q',crl-t gt6rn36gq,8r br6JAr Ar'r6C6r6gq,o Joq,oSo3oU ts3t6boq,gbr a36 3oqr33
2011 $q,ob o3qrobtso qrro$ger, 0r8ob 6r.rq6l-rrg Eorqrorbo o6gqrs6os rq8alocaoeJ
6o9r6r'rb6o3 qrr.r63b. .:6 qr6molror3ob g33g 0rnbrq,r.rqr63q,o ogo 6o0 o6gq,r6ootl
0.>ts3c63b9q,o qr.>oSgbqrr Eg0go6gbsU q)r tsraooecboqrr 0olr6erb6o3 0rB66gb3q,b.
3o6soqt6 dr.r63gs6gqo Joq,ogo3ob 63q,oqr3bs 6r6JgCAq,o q6t'rob tsg0qg6 roltb3br
t6grq,g6 X3rn6rn0o3rbg, 6gr6or63bs 6s633ggqro J3Sotnqroor.rqr63 r6ob .:ggoq,36gq,o.
o6gq,r6oolt Erts3g6g\,ob JECbotr gg6qrg66or 2012 $q,ob J"6,SCq 6rbXgr6Bog
ts96.r6896q9s, o6gq,.4oob Ur6gr.rtsoolAr 6sB336gbq',Er Jo3b, -3.3 J5er636glr, Orol-t8o
0o.>q$o.>. o6gqrr6oob Jl3or qro6.:Eo3l9:3 06oB36gq,r'r3.:6 6t3q,96.>b rbqp6qrr brbrlrer
CACCOo, 3o6roqt6 $o6.: $qob ts3lsbsOolr 336or'rqtso obgq,s6os b6qgrqn gg6q935gooor
brlrorrq6&'rqt qt g0rqq,3b 6o06gq,U b$rn6gq.o Esolrob or3gtso Eorp$o.r. i6bgb3E o
J6rn66obg6o Oogoroor3bqrr, 6rn0 $q,ob 6r60r3qrr.rbrtso o6gq,.rgor Brflo6Bgbrnqr,l
0ob6e$6o3 Orts33fub3q,L. rq,6oBbgq,o Eggrll3botrs qr.: o6gq,s6ori:3 6erjEgq.oo bb3.)
BrCOo6CbotJ 6rorgrqob$o63boor, lljl6or33q,r'rl.r 36o36gq,o br63olr 0o63gr6gqo
Soq,ogo3ol-t JrTAoOOOAT 6ss66d3q,r 201I S3q,b qrr$ggb3qo ts36boqr3bolr Jstq,o$oJr.
2012 $qrot-t Jot6gqr 6rb33r68o 0rn69gr6gqo Jrnq,ogo3olr 6s6r33goro a$g6rq I
Jt6rnp6ggq,o Jgbigoor 6.75 J6rB36goq9r6 5.75 J6e6x6grEqr3 Eg06o6qrr.
2012 $qrob E3rn63 6.lbg3r50o 3oqgg3 gg6m 5ro$sr6er brJ6<na6r,)qbrn o6gq,roooLr
6otr6rnb6o3 0rB3X63b3qoll6 BrEer68g6olr 6rob33bo. 3l-r gr6Jo6r.rbg&3q)o ogsr 6xn5r.r66
tsops, .:bg3g Ar6C BrCoo(6Cboor. 63rnorbg 33s6gsq6o lr,>j.:6o3gqxnBo 0obsq,r.rqbgq,o ogo
36ox.rbq,o3o Et.rolbo36ob ts306o69br. 6oqs g.:i6rn63botr o6gq,.r6os!4 b36.13q,36.1
3q,3boU dods6oryq,30oor 3oq-o33 3g6er 6r0drg6er tJr0r6Co grjgrnt6Xboor. o6gqrsgos
tsg86o63bob qn6r0o3oor brlrororqpbrnqrs bsj,>5o6gq,crb do6oorrqr lr.:3s$6cr 316g6oo6
j33g63btsog. 6r6qrr sOols, Lr5r6go 0rnorbr.r36ob E3L3bg3b.:b 6s6sJo6r.rbgbqrr 66oJob
j31g6gbtso 33rnbo0o3g6o 6qr6er0t6g<nbolr 6rUr6CL,C0r.
s6lr3b3q,o g3r'rbgr0o3g6o 3oor6cbob go69ca, 36re36gq,0r br630r 03r.rorb3 $r6Orq,,tso
Ern63gr6gq,o Srnq,ogogott ts3t6boq,3b 6sr66d3q,r qrr Jr.rq,ogo3oL 6rErJ3Co,o 6r'r38b36qg3JC6036tso a.5Eg6rq 3oq.o33 0.5 J6r'r63669q,o Jg6jgoor tsgr66o6r.
rAA3r6JQ, 2012 $q,ob 6r60s3qrobrtso Ar'r6CO56Uq,ro Jrnqro$o3olr br65J3Coo X)aU6rQ
1.25 J6rn636$gqro J36i$oor ts30go6q.os 5.25 J6r'r656$.:0q93. oOoltor3ob, 6r'10
b.>J6rn636gcr b)6rJ3Coob g3q,oq,3br 6:qr,r3gXb br63cn,:tso6ot-r br'bs6b qrr brbmq,r.rerqr
.:bsb3r 3Jcr3rnb 63,:q,96 ger6rn6o3strg, E6oB363q,rn3r6os 3r'r03t56ogq,o br633bob 8o3ti
63go6r6Uo63bob LSbb3bob o6b66g636gob brArlgCECbr. sq6ots6gq,o obLgg096go
b.:6grq,3brb ,ldq33t-t bs633bb oJgoErq,p6,lqr E;6oxnb q,o33oqrrbr qrr olrgoerb ,:o6oq,rr6
41
].l6b qogoqx'rbrlrot6 qrs3,r38o6gbgq,o qrr8r6Sboon br6aXbo. b$.>63r'r bot OCOrBo
ils6r0o qro33oqro6ob qg,:66tn3g0ob Bgdcnbg3rtso 36o36gq,o br63o 0o8r6orl3tr
bg36oq,ol55666b rnJ3r6s6o.:U, r6obo6ol-rr6, tirn6or66 $Xlrcr, 6r0rnog36gbs g6o36gq,o bs63ob
b.rq6Jrnbogcr L36gogo3rggbo. 0ron X0otroXbol-r Eoggq,erbgbolr qrs6g6E3r bqrCbr
go3Cq,$r6$q,Ut6tqr brj,:t6or33qolr g6er36gq,o bs63ob 8o36.
2011 $q,ob brnq,r'rb 0cnr36rnbolr qrrbsbrd4gsboU Ornb.rqrnpbgq,bg Osqsq,o gg8Joor
6sbfqnb ACCgCdsA, br66t563rn ryJqlSC 6erU:qerq63q,9cC UgFm qnqrr b6q9r
p.:3ojbot+lqt qt bbs63o lnL630rtso ]r6bo qn33oqmbob qr.:66xe3X6r 5"l0oo$3ot.
tsCCgJasCg tsg06ot6qr> EooDrn36r t63go6s6b6gbolr b3lfua't3 q.or ts3bglr6e,) ao6COJ6Uq,o
Joq,o$o3ob 6rqrr6g0r 33o6<n8o3rtg, 6,:9 rob.:br 6.>63orstsr':6obo lrsJ6r4366er 6r6s333ontl
8306o63bslca Jrnq,ogo3ob 6s6s6gcnSS qr$qrr. l6J.:lrgboqr, g6re36gq,8s 6r63fls 2012
$q,ob Jot6pq,o 33rt66tq,obor3ob b46$<nto6o b36gogo3rggbob 30obo36olr 6rt6qrlE o
Ee6gqo0gbo qrs6g60s. Jo6gCE o 6.rftJoq''ob b<nq,xnbcngob Oo0ojGrgrtso r6bgbgq,o
tsqpJrnbogo b366ogo3r$36ob brtson 115 Aq,6 q,r5oor 6rotr6qt 20ll $q,ob 6tnq,rnl-t
r6bCbgq, qm6glm,r6 Ap.>630oor. 6sr6qrr s8obr, 6r63cn,:tle6ob br$s6tg ]s6bo
qro33oqxnboor 6t0r'r$3ry1qro a36g3rnb36ob cor3oqrr6 sbt6oq,3bq,tp, l$jt6or3Xq,c'rtt
36rn36gq,Er bs630r 6r6ubq,s 6ob &n6gg3qrtso s6bg0gq,o ttbgq,O$ogo rnbq,o6sgo3bol-t
6.r0rnp6gbr qo.r b.rle6ob eBg6.>gqbobo6olr. .>q6ots5gq,o obq,o6.>gogbol-t 6r6er83gbl bq.o3br
Ao46mbob Eog6 1990-os6 Sq,C0Eo gt(xr36gq,o bs63ob6s6 8ors36obs$3 brgCAuqo
bCirbCbob B.)tJorE CreJq,qpC6.:q, 6t('rgrn6a3boU Egorr6b0gbob gr66q3btso. ts3otbb0gbr
drxngfgq, bs63br qrr go6s6lrot lsEo6ob66rnb Ern6ob ts3qr.6r 2006 $gq,b, 6er6q,oll
6g0q.o5oEs6 gogq$q,og6rq.o ,A 8q,6 qrrt6ob qo6gbgq,g6olr grbosSo jrgrq,qgo bqSbs
Eo0tnjo$lqro er C&"gFCq, br63b ts3gdq,or Oron 6rangC6Cb,) erl5 brb6ob
reJ36s6o3bolr.>o6ol-t. 2012 $q,ob EroL-qqailolr g.:66r3qxn6.rtso 36r'r369q,05 bs638r 114
6qE qr.:6nlr erbqroSr6or AlUoeJ. Eron qrrgr63olt 3sqt8qrS q.ost68g6oqro 3rqnr6reb.l 12qrrb 57 o630qX 0g66rnbqrr.
$o6o $q'gbob Ebgl3brq.o, 2012 $gq,br6 3r6o36gq,o br63ob tr.rj0orfigrbolt 36or-96oro
Eorr3s6o ,l8rngs6.: og<n 0r.r6g$r63q,o Soqro$o3ob 3ggj$osbobob 6rb6qrs, 6gEq,ob
do6oorrqn tsg6sg36bgb3q,o gsjgo6o brj,:6or3gq,erflo X396rnflo3oli qrrbsq.o q,,r6oS.4oob
qrer63r. 0tqrqn ernq,r6obrgoolt Jo6r'rb3btso A3bgb63bgq,or UrJ6nOCSgg1 Ar6JJgCorob
6sp.l60ob 0alr6ole 8o, 6sq6sb 33r'rbrn0o3olro6ob ggq',ob Eo$rnqgbob E6o8363qxn3.r6o
6r$oq,o r6rob 313be136o 3rq,U$oo, 6re03q,$36 lrsJ6r.r635ggr 5r6r333or3bo
6c6obsbq363br bb3.: jmgfuboll gg6g6rqg6ro bs63gbob 6o96 Oscn #ggfubtso .:6tr3bgq,o
g3r'rbo0o3g6o go3q,gbott ts3ltbsOolsqr er bgoq,,q.oCAr 36o36gq,o br63olr 3rn6g6rnq,otr
bg36erb. qrrbrqo q,r6obs6oott Jo6rnbC0tso Ar6gq,oolo 336blr g3q,oq,gb: 6rqr.r3gg0r
o6gqrscorb, 6s6 €gF)bCatJ br(Bq,ooo 3g6tnb 0erj6oq,obrlr, Jc6doe, 3g6bolr
6o0obsq-36o 6rggrbg6gbs 6JerCOC0r tsiJCbb er tsCcACAXg t6grq,g6o 6r63q,ooro 3g6bo
16 o63q,3br. 6J6q)r raobr, A6ots36Cqxr3r6or Ar3gq)ooto 3g6bol-r 6ol-13o 3g6bob
Eg6ggobobp6 qgru6g3qlo x3o6rn0o336o r615gg6obor3ob, 6r6b$UcD6C0oor 3o bs633bob
Ab$b36q56obo6olr, 6re8Sq,orr ts36crbs3qp0o q36o0o6o6g0gq,os 36cngbgq,o 3rq,.Jooo,
b3Lbo 3o g6brr36o 3rql3$oo sj3or sg3bgq,o. rl-,Ccn B30ob333s8o otc6q3b.i
3r'r0g6gogq,o br635bob Jo6gggqrotr bs36gqnggr 6ob3o, 6sg 363qgogm(6C0ob
SJq,UOCbob qrobblq,s6lrocn, 16g t6r33ao63b3qo trgt-tb3boo r6ob br6Jo6obCbflqo
(Currenry Induced Credit Risk). fuqr35rqr, q,r6ob 3g6l-rob 63q,oq,gbrb ts3odq,3br
Lr36notgq,o 6.r3q,36r 3jobq.ogtr 3erEg66ogq,o br633botr b,:36gqrogrn Jm6gg3q,bg.
.:Eq.og6.:p, 36rn363q,o br63ob 3r1or16on r6rn6r6r b$er63qr qr.:6o'br6oob S6qr,r.i. org06.r
lqtt6oB6r3or, 6rn0 q,.r6ob,:6os 3b r6ob br666dq,o3o J6re6g[o, 3obroqrl6 33rn69Eo3g6
1636gorr i63oL tsgg3qrl Ocroorbrn3lr br6aocD56CbUE o 9o616[196o b.l%6oUr er aea6re()
42
&lm6oaoJu6o bgrboqlgtftnbolr r6Ugbobrb $q,gbob 6s60r3q,erbrtso. 2012 $Xq,b, $o6r $q,ob
0b6r3brq.o, g6rn36gq,o b.r63oU ,)tngo6oJr aoar6o.Jq,o ogre q,r6ob ggq,rqm brbfrotl
6.r63oot63bob336 ps 36rn36gq,o Arq,,UOocD 6rLgbbXbob grbrq,ob3botrp6. Oogb3qrs3.:qr
ArOr6C0Uq,o qrnEotrdogbgbots, 2012 $q,ob 6r60r3q,rnbstso q6Jrnlroggbob q,r6o95rGoou
6.rB336gbqroir ts306o63b.: qr,:gojbo6qrr. 0oLo OrBp6gb3q,o 40 J6rq3X66oq9r6 36
J6<6369.>6q99 tsg36o6qrs. $q,ob q9su,)$golrtso q,.r6olrrgooL SrB3g$gbq,ob 0g06ot69br
do6ootqrrqr 0orr36rn0otr oJ36s6o3b6,l 6r6,:Jo6rnb,:. JCfurnqg, 2011 $q,ob 6erq,r'rlr O.rq,:q,Or
br8orr36obo qrr6sbr6lgb8s q,r6olr qgJr'tboggbob $oq,ob b6qr.> 6r0r'ro$3o.t, org0gr
016g8o 6rqrrlsbrqrgbot-r .:0rnqg6oo 33q,s3 tsg06o6qrs q,r6o$r6oo! 0sts3g6gbgq,o.
tsg0q96m8 or333btlo 3o ggbog6o Srq',UOoo qgC"lmbogSbob $oq,ob b6q9r Araoo$Bor
b.rbgq''0$ogob qgrj336eg6.)6363q,o 3rn8J,:6qbotr 0o96 g36r.rbo6pgbolr 6sgoqr3ob ggcocn
8oq3bgq,o bsbb6gbol-r brb.:63o q3Joboggbb3 br6cDb3bCbla. bgOrn:q6ots3q,o
grj6ot6XboL A56CAC 2012 $3qb q,.rt6obsgor errtrE)clCboor 36oro J6rn6X5ggq,o
Jg6jgoor 6.lolr6qrXberqt.
qnr66t6.: N 2.2 qp.Inlbog3bob q,r6otrgo.r, 2004-2012$$.u
45%
406
3%
3096
2596
206
1596
Ｎ守０つＣ
Ｎ︻︲
つＣの０
υＯＣ
︻Ｔ ８ ９
︻︻
︺
︻︻︲ＯＯＣＯ
Ｏ ︼一凛
０守Ｃりｏ
Ｂ￡
８︲
::::3::::::1:
一０︐Ｄ∞Ｃ
1晰
$g.r6er: tr: js6o133q'ob X6r'r363q,o b:63o
q,r6olrr6oob 9c6q.oob bCq,E3$gerbol-r 6otl6oo, 2012 $3q,b g6er36gq,Er br63Er
QrraOSoGr 3rn636goAq,o b.:6336ob borbcgr6o3q,o lr.:qr3Jrnboggr b36gogo3rggbol.r
qr3bgq16.>. .:q6o863q,o q.orn3g0366o $rsbrq,obgblr 3o036gogq, b$3b, 6s6rngts3.:li
brgrq,n, b$r6es6$ot3bgq,o b.rpgJro'bogr.r b3t6gogo3rgo, 6r.rflgqog qgJgrbogol-r
qro33oqrg5 rq'OC6broogrlt $s60ruq6g6b. b36gogo3rgo s6 r3sq,qgbgq,36b bs63l.r
fuqB66x3q,gbob 3.:qgoU 6,>b3q,r0p3 prgb6gbr.rl-r orr6b,> 0gr6rb6gb, 6oo116 rAABr6o
brtsgrq,gboo 0mboqggq, lr.sbb636lr bpob g96o tr6Jboq,U6tJ, 3oqg6g tl6rber6$Uq3"
qgJojcogolt E30orb333rtsor. orpEgr, ggq,rqgo brbb6gbob lslo6r.rg6olr ts90ob333rBo
qpCJobogs6tr gj636.l 3gqpb,: brJrbgobou LJ6OoBoJrOo 0oLo 3rqrolr 6Jbgq,rAqg3, br6Jotr
orr6bOr.lbob 6.:6389. raAgr6r(,, b,sqr3Jrn%ogrn bC6OoBoJJOo b.r63olr,:or3ob r6olr
g.:jgog6rq 66d3qr3rqror6o qrSJnbogo, 6rp6rb 0gq,r.rbgq,ob 63q,oq,3bol-r Eg0cn8o8stsog
B3qreo b.rbL636o 68gbr bs630o. 06ots353q,r.r3s6or, 6rn6 L6,r6qrr6ggq,o LrqgXJotogrn
bg66ogo3r6g6oo 6r'rboqrgq,o l-r.:btr63bo 6.ror.:3obggq,3bgq,or br6gb363rn er
q,o33oqrnbob 0rnorbr.r363bolr.:6,:6r3, 6oor.19 0r63gbb E3g0go6qrgbr r0 J6mq.oUC0or6
qg.l3r3tso6gbgq,o brrnJ36rgorn b,l6a3bo. b,sq3Jr)%og('} lt36gogo3rgSbolr Br6o)(.)e
6r3669q,36,r b3q,l-t tsgg$gnbb bs9cs6%3 q,lr6otr er8r6Cbooro 56dgqr3,>qnr6o 69Lg6Uob
l'2
q,u<rctrgooU 0rB&630Xq'o b$66.)6otsX0gq,or p6q.norr m6tJ()b $q'oq'C6ob C8ftbob 6#,CAC.
qrr33oqxrbolr &'rortx'r36rtr6r6 6rot3oUggq16gq'o.5 q>6q,r66uq,o UJAC&I$oCX, UC6Oc,BoJ5Oo,
6naq,oll bt(rBg6o 3{roJe$J rqCaroCbr 6 o69l-r.
1r
43
B3$06sb. o0olr,>or3olr, 6o6 ltqrgJerto6o bgt66ogo3rggbo, rbgg dodtoqr3gqro ogol-r
br63ob 3q,og6g3bobor3olr, brlo6r.rs brqg.Sobogo Lg6gogo3s63bob q,o33oqq36o
0grnt6sqn br$6olr r6lr3brnbs, llqrr6 6s63olr 3q,q6g36o A3dqgbXE Osor 6$rqqggb,:b.
gt6r.r36gqo 6s63o Oobbsgr olr.>bs3b, b3q,o E3g$grrb rq6o66gq,o 6rb6ol-r BrSogsq,obgbr[r
qrr 6.:63oor.:63bslr.
q,r6o$rGoob $rbrq,ol-t3botrg5 6.rqgrqA0pq, 5$o1b $r60o.rqr5g6L rti63 3rn8366ogq,o
6r633boUo6ob 6o6stnb brleotr 6sgs6oxngbs, 6rn0gq,o6 6rEoog36gbr CE)oBEUq br63ors6
oJ36sgo36tso. JC6dr'lql, tsSdlrgbgfq.or b.r63gbob Eo36 6o6rrnb bsboor 6a0og36gb,rqro
g6rn36gqo 3rqpgoor qrg6o0o6o6gbgq,o bs3gorr6o trrbCbbm rj6o3gbob 36ogg6og03bo.
3b trl8gtq,gbrb 0ob6g0lr 3r"rE366ogq b,:633blr q,r6oor qgg6er8o6odlbgq,o g96o 03go
6gb36im Eooqotr gt6r.r36gq,o bs63ob brL3bbo o6bg6gAg6gg6oor, 616, orr3olt Eb6o3,
g6o36gqo Srq,uJ$oo bCbbC0ob 5rgC0rb A3u$gtnbl, b3E b. rE 3grnbocn 06ots363q,er3r6or
08q,r(r, bsJdxn6g66<n 6r6r$CorCaoo b3bb36ob $sbrq,obgbr. 6ggo6rftotfuboL bgbb3bocn
rll3oo goJolt bgtlb3bot, qrrgo6s6bg0r lsBgrq3brb 6ob630b 3rn0366ogq, br63tr
&rtigo3gqr.:q9 &lqsasgc tsgc0go6r'rb L,:J6r'rg1fuer a56rJ&lo,ob 63q,oqlbsborr6
qrr3r3tsot63bgq,o 6ob33bo q)r aoabar6Cagq,ti 63ttor.i3r9:r'rlt bgbbo g36er qr.lb.rq'
J6rn(}356rq. 0lr6r3bo goJolr trSbbXbo qnqn JerJgq,.rt6r,rboor b.r563bq'erbb .rq8olr.:3q,3or
336rnJob #ggEgAEo, ory86r bsjr6o63q,oBo 0son $oq,o Eorqro.:6 bgL,bC$Bo l-t3d.l<'rqr
0go6gs. g6,q6Uq,o br63o Egr0r3.:q,Eo6 gr6r66drnbb 63q,sqn lrsJ6o6g6go 6s6rggor3bocn
b3bbSbob Ar63oor6Cbob bgq,ob ?3$gob,:b.
Ao63grr6gqo Jmqto$o3ob gggl$os6obob bt$6(rlb 0oS6oor, $qto! 6s66r3q,ob,:tso
06o6363q,ogt6o gg6sqgp3br cCou"qr 3er0g6o3rgoob r6trgb3q'o s6b3boL E56aooJ6cbrbr
er Jbrq,o bstsgsqpfubob e56c68gir. oEgq,lgoob cns66Scno6gbolt 635o0ob Jot6rnb3btso
06o636gqer3r6 6rnq',b orr0stsrqbb lrt9rtn6sqxnSbrtlo b$r'r6o 0oqxnqro63bolr Bs0og.rq,o630r
et Arr6Cor6gq,o &nq'o6o3ob 63q,oq,3bob J6r.r66rnbo6gbsqxebs, 6s6 39916o16o
3rn0g6o3r6oour r6ob ts3brdq,Xbgqo. $ 0ob6oco 5r6bnt6go3q,qrs b,r jr6cr63q,r'rb
36og6gq,o bs63olr 3gb agcSe"b acl6c0r6flq'o Jmq,o6o3ob 6r$oq,ob 6.r6rbq'gb.:.
rq6ots6gq,o 6,>Soq,o A3o3bs! eC$rq,36o obgrn6Es6ooo eJ 5.:bq.os g96rr E3g,5e9
rn6o36go63b3q,o Eo6b0s6gbXq,$C. rarbor6, Erb qr.r36r6s btso6.rqr erbauqo 3oolbgbo,
6er03q,og Sengr3tr 6rn6rn6g 6erbg{r6gq,o Jcrq,,oOoJob, rb6g 36rn36gq, br63or.:6
cgr3r3Bo6Xbtlq, bb3s or303bli. 856(D 5aobr, 6.>qrsobSqrr Jgbqto3s6o36ob go60s6o.
JC6d.e, 2013 gqnb o36g63qoq$ Ar6rbqres o6gq,r6ooll 8o6oboq,3ob go60sgo - o6o
USfu aC$Da o6o356o6X0gq,or J6o66erb3bobr qrr 0rnlrlq,rnqr63qn 33r.r$er0o3g6o
6rn3q,36gbob .rq$96r94. 6r6r\,309q,o o6gq,sgoolr 0oEoboq6.r ao6C0563q,o
Joqrogo3ol-r 3r.r8g6o3rgootr do6oorsqrr o6b66g8g6go 6rbqrs. ,>Ogr0rqr, rbCaC
0oEq.oo6r6Cobb Egtssobr 0o63r)rfi3q,o Jrnqngo3ol-r U66s6g6oob tsardxn prn3g0g6gb3.
o6o brtopqmg$rb 6ug6o0tr 6ofu6">6gq,o J<.rq,ogo3ob do6oorxg JSo$goJgbt6 q.or
oSLgOgag5g3bb, 6<n8q,gbo6 X0ltb35X0r 36rn36gq,o br63ob 6o11316o 0olcSob - grb3bol-t
b6rboq,U6o6ob - &ag$6,>b.
2012 $q,ob ar6ar3q,obrBo 36o36gq,o br63ob 0o36 am6cOr6UE o Jmq,ogo3oL
3gXjgor6obott 6rb6qrolt Eole6oo, Arbbo66oCq,qrr A30qgg6o pr.r6oldogbgbo:
. Ar.rbC0s6uqo Jrnqrogo3ob ggr60o63bott 6sgE2Ernbgtrgbob Eob6oo, 6goj06.: sbsq,o
0s3t6r.rX3o&n0o3g6o Ornqrgq,o (qggrq36o o6grn68t6oobo6olr oboq,3or Brbr6oro N 1);
. arlbC0r6Uq,o Joq,ogo3ob JSoAbgrtoSCbrs.om0otJ brb6eolrr er b$r'r6o
0oq,r.rqn63bott Br0ergsq,ob3bob Eolcboor, 6.rqrrob3qrr 3rn0g6o3.r6oob ,l6b3b3q,o ,i6b3bo.
66drnqg, 6r6,:bq,qrs brjr6ot33q,ob 36er363q,o b,:63ott 33b 6335q9ob 0963$.:63q,o
3oq,ogo3ol,t 6,r$oq,o. rb333 0o0qro6.r63erbb Egtsrrnbl g6o363q,o brbJotr SrlECOr6Uq,o
Joq,ogo3ob b06s0CAoob AoJUaC60bC, 6oE3q,og lrsbn6rqrn3b.>l-r 6.>.>66oblt o6
dot6ootqr J6o6goJSbbs q.os Eoq.o6rn03bb, 6o8q,Xbog 6rar.ro9C6C0r 8rn63So6ryqn
Joqrogo3olr go60o6gbolt J6qpL0o;
o q,s6obs6oolt %6qnb 0ob6ocn, g6rn36ggAr b$30r qrs0g3o6r 3r.r8g66ogq,o 6r6g3boU
b6rbq.or66gq,o brqrXJer$oger b36gogo3sggbol-r qgg63q,3br, 6rn03qo6 bgq,b 639$grnbb
t63Ug6tt3bob Ocnboqr3tb 36r.r36gq,o 3rqSgoor;
o g6<n36gqn ArqlUOotJ 6sErng36Xbob $rlrsbrq,oL3bq,.re rbmC 6rgst6om3qr.: 36rn36gq,o
bc63ob oJ36s6og6tso grOr.rggbgbsqn 5o6rr.rb brtrr, 6r0sg 3oqrg3 gg6er 6sler6qrc
3rn8366o3q,o br633bolror3ob bgq0ols$3q.oer0o q,r6oll 6gl-tg6bob Ern6gq,rnbr;
o 9o6161196o 6$16o11 6r63oorr63bobor3otr 06o8369q,r'r3.:6o oger ,rbCAC Eor36rn6ob 6o96
l0-$q,os6o bsbr9co6o grbq,o5r6o3bolr Arar'l8gCbs, 619 brtr.rt6%g A(fiCqBreorbo
l-tJt6rn636go 6,:6r333o6bolr Br8ergrqob3brtr Bgg$goblr bSgli;
o J36oerqrgqrre Or6ecbr,)er J63bg5gsgo3bo g6r.rg6gq',o b,:63oli $r6arnorabC6qC6"b
AoC6, bot6Cbrll, bb3sqrslrb3r tgCdxDtr $,:60m0rqr66Xq,crr,:o6oU rJ6g.:ql.36o or303botr
Bt6st6on N I &6c6ftn$rxfubds q.o.r
aoftgrfryqn
r6rqxl$r,b lrtggA.)
(FPAS)
aaECODeJE
o &rEnOoJr Alr'6r!&,$$C
JCdxxn(nl, A30qA0 rb(rC6b
ar,6C$^rtc,"Jqn J<'rqrOoJoU
AeBq,CECr. $A06rA aSoa3fuqx"S$r,r, ffi
0e('$S!U00r,q,ch0o ac€aJq,t0 r'trq6or,6,CqJqn o8s,b qD asy*'ta]cfcfo3p6
Jt6r'66r'l$Cdr mudC&nqdr. AaECODdlCqrl &rEQoJrfJ ffid$nr&',Edr rbrArqql6Dq,re
t rCrtt oucq,r'ltr $'g,osFJq'o 6153o e(l(r ffi6i('qc8rtJ Uu,&nDb $rqrsojUttn
8dr$dq$qrc$C0ol, tO<puU gs rq'sAoi6lJ6o
A!5BC,o$6rJ8$r. $ e6%
fioo3ftqxn3$o ogel 2012 $3qrl. aJrJqn Sqrtu cr{DCttt3rq{r tir#f,o6Cqr* S6cl0eJq,o
U,:53o Asg.sroxn S&rJol, Fr1fcfl\lfrdgrr,tJr q',, UfurrorsqCbdr dr5Jol, (IBRD) AoCf,
('€c,6rnlc}Jq' Jf,odOacr, fxr0c(rro ooBrqrfuEr6C8l, u$crrrol, 3t6c660qrt ErEJptt
Ae&r6qrryrx8ot, 6r$rtC ls3r'flryq,g,r6cxn &,lArrUJ6CErbt. 8r3t6e$lo5o8oJgl6o
a6rn0pel$oti6Ddrr qgt &'rftOifigqn 8rnqnQoytu $rq,otrf, Ucll6Oaar GpeS)
g$3o€r,rdrC8slrs qr Arir, q(mCbob tr:txn6.:qmCbJrars5 J,frg6o3rgrrfu brJocr$CDt3.
gsOOq'C0tso BgAg8s3qs f"es - botggacfu dole,oori(rr 6cl6,cr13rl,
"t*"00A"
$oSsU$cfter8oU a.:3Oca3cSoaopfn &reCqr," (DSGD, 6,10 Axngqlrmt, dot6oor>qn
OC6Of,rq?6n brEJC0d
Ar&ngCECDpJqn, AcaOc113r6cfogl+n
fxn66otoOX$ar dol',ocrr.:qrl l$SCrqf,bri. o6o p&ggo6fubs Erb6tttA tr$tfdQ66l3q,
AoC6,
&nq6q'$d, JE rtfu. Araryrl eras$nyCOrUqrrr, Cf,orlb Ab,6c6, gfilot6rl.3q'rp
trs\3r6ggqrl %ot C0CDocn qgD 0Ccx6C aMr6, qr,6$o336o U6rdrtl133frl b<n6rqn
So6$t$"6xDbc,l, (mGE) Aoq,Set&,or. fubth 6,so6.>q'rfu$o6C83qnr 0o3tft.ra3o6cfo3g6o
brgflfuCpo qu b.:$t6cfu A'!q,cNn6C6o, 6,10 ActeCqfu A"a$grqftC al6r66ff{r[0gq'ti
q)s A(,5C0"!6t3q, &"q,od()Jrtro8rfu dLJCfr,acEO0btC qsSoQSmr b,:EUpq,CArU
odq6s. a,q(6qnl, b$gr{ggDo qafrJd66e3rg,or qu aob EX0.rq6gfuq, $Cq'r
Ap60r'{'Cbrtr CJr6{"aoyJfm a6o036xq'rnbJ 6r$Errr. rArborS, A"ACq- rACUCqnr
6,:o6cqrfuftryrcrr, OsO sSrqxttrfu grfrcrxn
a.$rdq,C0E a$Cbti odq'Ar.
atn(6qrfu Jt(x%6oto qg.>At'l3oq6eJqlor Ocxq)Cqlocr6C biStJr$$6,"Jq, ao6g6rt6'Uq,
\rfu
g<.6crAo3ob
\rrJo3rtgb 6r%-6,0 ar3ft'rge6rfopltn Arffiqtr Cf,or-C6,o, grjgodrfu.
" S,",.rfC,l,.,t g"r6Aq,JaA.,, EBRD-ob 0o96 p,rjr:frlgCfuq, oC6r J6rqrtso ('5tsfld636lqt lDJcflr3q,Oio(). JoAJrbG)
'OGReearch". sq5rfi6gq'o JoAJs6cnlt J56O6o6rAo vto56 rA q,r6aBf) abogq,fld, S!A$s6o LlCO(Aq(tuOCao
36e6fuq,o 0,s63ot g(.rtsoq,(, JF,JboAJEOo bAJ6f,l oUAr
(,r EJb3(rxll,
45
arbrqmq6CqD j6g.r. ac6g$o6?qxl Jcqrrjoilfu 6Cri6rrtu EU6CO.,r j6ol,
O6oq\.t'ob
OoJoU fu6,0rr6o fulto q's UrrtuAcfy"br8or C6,ag6gJqrl Os63ob etrr5r6Jq,o 3r6e6oor
&nrsk36vJq, Aobr6orr6.
Jto,%6o,tod[trr a.,c,orbrt3tr $o6r'rAoJd ffi6C0cxD6c6C6ob A,,(![qr6Cbsb, AhA(r,6rd,C
qrr Srt6UUE o 006A06CoC6rlb r6rqrltl, er dtrbfuOq,rl acfrrtrc68C8cf, U$crl6$tr.
EClrs0r6obrA, Jfx%frntof,Cbolrs q'J A<'lSCOD,trrJqrl &'rqrXJoJoL r6rqntolr fmfggOt
6rt6q9r aotn drtfuotAo
ArA\Xbo<r, 6Ar4gCEoAC $rqr6oJg{r,
o6l{e30Cfub acq4U re6o0qJqn cStSf,UACbOgDo dcfioo,rArq &n3q,6rqn.r6o
Jtexn6&n$oli6Ddrr q,s Aoaqn6r6)C a3oOoacrptcn *nsqcnlr AXgrl46.:L gtcryE3gqrg<lslr,
6,10 d[rJCfr$r3q,o UCbC(Aq,CSAbob $n6Ao6CSoUoUd
rA trfr$gfutC qlrg6(e'rbc,o,
0r0cr{fl6CDr-
Cdx,rSEJqn 6s63o .rmsq)C8f,
fuJ6x',Cfoe'r6oJuf, &ftn66<'rQtrb, fxrfoqn3 A,r&n&S6ACAr 33rt6$0ql.,J6 o6g<,,gnb
ffiotUryg&t 2013 $q,oAs5 CrAgC Egc63q$r ,fu<,;Orxfr ArAnkryArlt Sc1<,a$c,,
6,r.rECqrt B1'rJUlr,GCfuqlo od6Ce) 8<n0€rq, J6x%eD$C0t J er Aro, r$>qal$tX.
ofuq,l6oob 0oAoboqgr, aoSgootrrJqm &nqqlo3ob 3r.fg6o3s6oobo6otr dcx6oor.:qn
t5rn6o66 g333 sq36o063or, ggAlgor6o do61)r6gqo Joqrogo3olr l_rs$s6Egrg6qr.:qr qr,r
0oUo g3q,oq,gbob X3o6rn0o3s$g b,rq,r6CAob 3g$go.:6rnboU ArbrdgoC6C5q,re
06o8363q,rn3r6or tsUq,rqrl 6rt6ob 6.>63ocnr6gbs qrr 6.rgr6oxn3b,r.
$o6r $q,ob 0b6r3tr:q9,
2012 $aqll, 3o036gopq,o br666o .:jgog6rqr o99fubqr536 6ggo6r6bo636olr
o6bg6ryag5gb, 6r.rdgob tr:J6qp66r'r brErJACo;o Ar6otJr95e36Cbr Joq,ogo3ob
6r6SACcDob Eobgqr3ocn (r6t6r3q,36 rE 6.>6r333ontr.>), r6t6 6cb$o6rnbg0qrr r0 btb6otl
Ar6rJgCoCbob qgss\x.rgbrb J<nqogo3ob br6$A1crrcDr6. 0r0.>hrqrs8g, 36o36gqo bt63ob
3tn666r'rq,ob j35E ogr'l 6rn3q6rqror6o b,sJ6tng36gr', Ar6r$CoCbo, 619 sg6oq,3b3q,
$o6rJo6rn0.ir $r6Aer:q,ACEl, Arnb3$r6rUq,o Joqngo3ob ArerGC@ob 6gjr6ob0otr
CtsCCOU6rA g36fi3oo6otv>3boltcn3olr. rArbo,r6, E6o8363qrogs6o ogsr rbCAC BUqlre
6rbl6b3 br63orr8rn6otro g6r6<brjgog6ob Eeggq,rnbolr Es6g6r. 3g6doq, brnq,rn $q3Anb
6r68s3qnbrtso bt63crr.ltsrn6olro q3JrlbogX0oL b6g63r bsg36rqrq36r.r feSqnlr
gg6pX6gooor brtroroe3bo(r.
∞脚 鰤 鰤輌加
迎２
︐
qnr66s6.i N 2.3 0r63orrtsrn6obo q.qJobog30olr b6g63r
レ Ｒど
ｃｃの
Ｎ︼︐∞Юぅ
﹁守 ０もＣ
ＮＴＣ●０
︻︼︲
´Ｃぅ０
９ ︲８ ９
一 ︼ｌＤυ∞Ｃ
３６
２︐
Ｂつ
８︲
η
螢ＹＣつ
３８り
８︐
∞
Ｃ
∞
０
り
︐
∞０ いｏＣ
卜Ｏ︲∞︒っ
卜０︐
Ｃの０
欅 Ｒｃ
００︐つｏ ぅ０
つ レ﹀
い一︲
︐
レ
い０■ ︒∞Ｃ
ｎ
９８６
β
８ ﹁
ヽ０︲
Ｃつｏ
ｍ？Ｒ ｃＤ
ｍ一︲
０∞Ｃ
００︐ＤＯＣ
$gs6r'r: l-r.l jr6or3gq'ob g6o36gq,o b163o
tsUqlrqgo brb6otr 6r63oors6g0otr6ob 06ots363q,o3r6 $o6rJo6o6sb $.:60rnsqr66b rd
brb.>6b3 r6l5&3qro bsJ6xr66go brbrJ3ColCbotJ Egr6ggrnboli Egd6o5gbr. .:E
3gorboor,
E6ots36gg,er3.r6o 6cnq,o oort0rBs 36<nqrqo,:6o bgtrbgbob,l (,r q3Jrnbo$36otl
obbg6ryEg6g3b8s, 6r'r63q,or.r b$6r4g6grn
Arbr$ColCbo Oob8gq,o.i Jrngogo3olr
(+/-1.5
J6rn666gq,o
j86otr b,>J6erg366o qrg63gl6U
Jg6j6o)
q.or
ArEJ$CotC
B3qrre
ヽ
brlrs6lca. A$gCE"Cg, 0.q.
$q'gbBo 06oBg6gqmg6sSg tl306o6qrr brJ6ogS6go
6r6r33gor36ob 0g6gyn6s qr bs63or0o6obo lrlJ6ogg6go 6$r33Xon qg$r6rboqt64.or
Joq,ogo3olr 6r6r63onb o663q,o3. r063s6rqr, g6er36gq',o ar6gob 3rn6g6rnq,ob s63rq'0o
0o3fl6r &r3q,6rqror6o brJ6rngX6go 6r6r3gorgbo, 6oo16 6rg01e$glrqrr Ern6ggsQ3q,o
Jerqogo3ob 3gg|go.r6mbr. bsJ5e4p6go 6r6rg3o:3bob 036g3rn0oL ts36go63b.rtso
66otsg63q,rng$o $Se.e.
aCoor6r rtrcac a(')6cor6gElo &nqogo3cfu
J6<n66o9ro63b.>qnbott b6qrsE, 610 6sgOlerbgl-rgbgqo 3r.rdg6o3s6cnbr AJ
6.:0]3o6,3rqmbob Bgqrg6or.
qro,:36rEr N 2.4 LsJ6e6XSgr'r 6r6r336or30ob 03t6g3erbs (l -o6os6o bgs6q9r66gq,o
6rqrsb6r)
7.OO
6.00
5.00
4.00
3.m
2.00
1.00
o.m
ゴゴゴゴゴゴゴゴゴ∫ゴゴゴゴ
S5.:6ro: lrsj.:6o133q'olr 36o363q,o br63o
2012 $q'ob 8rffir3q,rnbrBoo 6r63orrEer6obo brJ6rn6g66cr Arbr3gColo 3.$. L.rJ,6rq36ger
q.og63g6ob gr66q1btso 63693r'rbqp. crry06.>, $q,olr b6gCq 6rb6s6tso br63orrtser6obo
6r6r333on Jrnq,ogo3olr ar6sJgColbc erbq,r br6BUbqrgboqrr, 616 5r63o6o03bgq,o ogm
b.rb,:63o Lob$C65tso rSlrXbSq,o ]s6bo q,o33opr.rbocn. Jt6ergg6g36ob 3L 8966o636,r,
gr j6r.rb6o3.:qr, arrECO56.Jq,o Jr"rqrogo3ob A3abgfufubolt gnqrgJro oger. $s6bo
q,o3goqrmbol-t l-l15g6oq,obr6o.tbcntb gt6cnsqr, $q,ol.r ayndrg 6rb66oqg.:6 br63orrtso6olro
6.;6s333on qrrg:bq,er3qr.r Jr.rq,oQo3olr br64gColb, 6xn6gq'og 3oqggg g96o 6gt6boq,qr.r
,:36oqr-o36oLolr or3X6&8o.
畑
qros66r0s N 2.5 br63orrEo6olro ggq,sqm bsbt6olr (rr65aoJb
∞ ω
０ ０
Ю ２
Ｎ一︲
ＯＯεЮ
﹁０つ
Ｎ︻︲
∞︒
Ｎ︻１︼﹀
Ｎ一︐
つＣぅ０
一︻︑ＤｏＣ
∝Ｔ Ｃぅ０
εｃ０
︲
一
ＴＢつ
一︻︲鈍υＯＣ
︼︻・
つｏっ０
︼一︲Ｃｏ０
一︻︲ЮｏＣ
３８Ｄ
２︐
の
つ
Ｏ︼
つ
︐
ｏ︻︲ υ∞Ｃ
Ｏ︻︲
´ｒス¨
０
０︻ｉ
Ｃぅ０
一︻︲０のＣ
いｏ︐
００εЮ
r
﹁０つ
い０︲
e€
い一■レυ∞Ｃ
o\(o\
ooo
&DOUq,('Br, A(5 q,Jfro (4,r,6?€C5r pCddo)
ar$iJ3csn
-*rqrxSo,pb eChb6g0cfu 6"rbrJ3Xon
-gr-rcertso
-TIBRI
bdJbcaou g.:s.>$gsr)
-cf,o{teorEr
$gsficr: b': js6or33q,r'rb 36o363q,o bs63o
47
6rn63go6ryqo Joqogo3olr E3jr6ob0ob g36j6orn6ofu&obor3ob r36oq,30Cqor, 6r'lE
b,:J6rn66go Srbr3gCcrrCbob mq,oq,C0r 6sqrg63U pgdx'r 66dgq6.>qgo,:6 LsJ6o6366tn
6.>6s333orgblr qrr ltboqxnr.r Xsailo
- 6rt CbbCbob 6r6rJgCoCAU. bb3.lqg.:l-rb3r 3rlgorbmbob
brJ6rn6g6go 6rbr333orgbb Bo5ob 3r3tso6lr rB3X636tr b.rJr6r'rg36$r'r A56J$ColCbob 063qro.
(por66r8r 2.7) 2072 $qrob 6r63r3q,ob:Eo 6r$r6363q']o a6nbC6r6Sq>o Jgrq'o$o3ot1
E35boq,36s sobrbs LrrJ6rq;g6go 6r6r63or3bob 8306o6g6.:Eo. S3Ernbr3q,or6oboU 3q'3bs
qgrgojbor5qgr trb3sqrrlrb3r 3.:qnr6er6ob l-rsbgqE$ogo Ertror6 Crqrq,QCb9e3. (por66,:0r 2.6)
06o63qnor 0306o6g&s tsgo6o065boqrr rbg33 lr$st6rn b,rJ6o636$or 6r6r3por36cbg.
qnsg6r8.> N 2.6 0ors36xnbob grbor6 j.:qrq,qgCbt{ ls.lrqpO(pt 6":6r333rcn36o
15%
to%
I $(,,orEr,
$qxrrSo
- Sq,or6o -2 10 $lq,or6o
-5
-
J -u**s* .f "*"p""d' -$:,f "o"so."J./ -s+""f
$g.16<n: bsjr6o13Sq'ob 3t6<n363q'o bs63o
U$6r6g6grn gs6r33Xopbob 3qlbsborr6 96orsq, sQAoq'o 3jo6ps 5bC3C
ts36r'rbr3q,os6obob aftCqg"b qrsb6oq,erbotr a3ago6C0ob, 610 tsUq,scPo 6.>b6ob
6sq60r6brb 3,:3tso6qr3bs. 6slr3q,o $qcb"b 6s66r3qrerb,ltso E30rir.:3q,or5er6ob 063qtl
br3a.rgrqr qrrqro qgrb6oq,rnbs Sjo6qrr, 3o6soqr$ 6s6bb3r3gbr bb3rq.o.:bb3r 3rq.oo$r'rbob
bsJdxn6g66o 6r6r6gc4blr tsrn6ob arqsq,o og(n q)J 3b l-rb3.rerbr aerogr3qrr, 6<n5er66
0o3q,g3.:qnr6o b:J6oO$Oo 6161333oro11 63q',oq,3botr' rb3aC brrnJ36rgocr Qr
q,o33oqrrn0olr 6ob3gbb. 6r63oorr636rqn BflqrQo 6r$6olr Jo6r'r03AEo bsJ6qp6$r't
rlr.lbs3l-r. lnjr6or33q,otso
6ob3o, 6sg
qro33oqrrbob
EUq,JCgo brb6ob 6.>gr6orerSbrlrorr6 S6orrqr E30go6qrl
6r6r'robsgr 6g0oLl3q,o.r6rnbolr A6gcg"b qgrb6oqxrbob COrJr'rb6oS ts386o630s6o'
rqlt6o66.>3or, 6r'18 b.>J6x1$6$tn grbr33goSbob 06ryqrrt-r qrb6oq'o0ob ts3Ego6C6ob
qn6r0o3r K16 JoQCS 2010 $3q,b qrro$gtn, 616 o0 J36ogq9tso $r'rj83qgbgq' rb'rq'
o6Lgft3Agfugbb 33r3tso6q3bs (0gq0o30oj03qrr 633o6.r6tro63bob bgbb3bo, 36or363q'o
0r63otr g6oppo,:6o b3trb3bo qgs QgJo%o$3bo qrr r.0.). s6slrors6, 36r'r363q'o 6,>63otl
9:rn0o360r 33q'oq'3b368r q9,>
3o0g6o319oo11 6sg0gnfub3brE, &ngo$o3ob 6s6r335crrrtr
6rn69rJr6gq,o Joq,ogo3ob ArAr$$COcryCb3boL J6r'r66erbo630'rqrobob b6qr$ ts3s06o6r
6er8r3rq,tso 0er3q,33sqnr6o b$6x'6g6$o 6s6r63or3bob 033gox6o 63q'oqpb3botr
6s6s33gor36L Eot6ol-r bb3.rmbs dboq,rnqr bsJ6e4g6gr.r 6otr3b
0oq,erqro6o, 61019 rb0gC 6,:3q,g6r Ocn>bqro6r B60r'rbr3q,or6rnboli E6Sprob qr.rb6oq'rnboti
63E6o636.rbg. gb 3o 6rn63g.:63q,o Joqro$o3ob 5.rqrrg36ol: 03jr6oSEob g33j$36mbol-r
b6qgrt 3 0ogorc,oCblr.
48
(rl5 6ral N 2.7 Ag0olrs3q,os6rnbolr bJ63q9o Jrnq,6$o3ob 6r6.r333cnot$ tspr63boot
1896
1鍋
1496
1296
1陽
896
696
496
296
096
0/NlW 3M 6M
― ― JullIXl
lY
2Y
… … Jun‑05
5Y
‑― Dec 10
10Y
―
Dec‑12
$grt6o: lsjst6or33q'erL gt5o363q'o 6:63o
brb3qro $qr36ob Armr3qlslbltso b$l6crryq,ob 36<n3[3q,o 6s63ob 6o96 br6t6Cb3q,ar
qer6obdo3&gb0s (rbrq,o o6li$6ryE36$g6otr ,>0rnj03q-o3br, 9o6$[36o $6sbbrj6o36ob
$r60r'r36ob 6r0s6gog6r) E6ots363q,o3r6o 6r3q,g6r Oorbqgobr brjr6o33q,r'rb ggq,rqro qrs
JsJo$rq,ol, bsb6ob 6r,>jgog6gbsbr Cpr EJEAoor6Cbrbg. boq,rn $q,3bob ArbArBE rlbr6o
06o836gq,r'r3r6o b6qrr qgrgojbot6qr.: bstrrbo6o EJror6o j.>qrq,qrgboor 3r$6c'rboll
6r'6gq,nb3b9ca Jo63gq',sq9 6rie,r6$3. 2010 $3q,cnr6 ts3qrr6gboor, errbq,t'rcbool 1.5-a36
6ro$r6qrr OodcrjgX3s0o r6bgbgq,o lnbr'bo6r'r grborEo jsqrE eJbotJ 618oro, 2011 $q,ob
boq,r'rlrorrb 63qr.:t63boor 3o i:6qrrE 29 J6qp6go ts3.:qr6obl. Jot5g3q,tqo b,:b6oL
6rq60r3gb,:lrorr6 g6orsqr, go6s6bg6o brt6olr 6s63oors63bobscn3oL 06ots363qro3r5os
Egr.r6rqro blb6ob 6r$gog63b.:, 616 3opg3 g96r'1 6rb6qrol-r br'b6ob q,o33oqrobrb. 2012
$q,ot-r 9r60,>3q,r.rbrtso, $obs $3q,orr6 Egqrr63boor, q)5rbq,oCboo 2.5-xl6 6so9cr6qrr
BJboJbo j:qrqrp36ob Sgcr6sqn brtr6ob p036o 0oggq,rnbr. AJt 6(rlq,or JJJ3O
erSpClJqo br6o6CbCbolr trrts3sq,o A*r*.6r.
49
(nr66rar N 2,S lsbrbo6rn g,rlnr6o C.>Crq{gCb"b er b.rqrgrlotogo LSfuogo3rg3botr
５
０
０
０
１
３
０
０
２
０
０
１
０
０
０
a
６
０
０
１
佃加囲 鰤印Ｏｍ ︒
１
９ヽシ ｐ〃︶
6.:tso50ob qn5r0o3s 1999-2012 $q3btso
c
o
ttt (rl <
6
rrn \O i\
++?999"999999?900H
z BE r B= ieE z sE
r
r
F- d, Or O\ O d
H .{
t;:: B= ? FE
l$(iCJotqy'r bCd\)oBoJ\)CAdJ 6r0qrl (a$,ObC6r eCddo)
trsbrgrso tsrlruSo Crgoqpcartu 6.:tscrn (arCrobC6s eC6do)
rf,1prr8r (arq63AEJ ex6*r)
$5r6r'r: b.rj.:6o13gq'tnb 3t6t'r363q'o br63o
Oo0rnjoCartso r6b3b3q,o 0orr36xrbob grborbo jrqrqaggbolr 6r6gq'erbolr ar$Cbrtrcos6
36oDqr 6,rotrr6q.or 3rqro.>6r'rb.>6. 2011 $q,raq6 30olm63b3q,o U,>brt66r'r 11bq,o6r3oCbob
6,>jUo0sqg6o 3rqror6erb.> 2 $3q,rb ts54.o&36qr.>. 2011 $Cqlb 0crt.>36r'ras0 5 $q,os6o brbs$ober
o@o6r6ogbo 6r0ogts3r, 2012 $q,ob 616g8o 3o 0rjb0rq,g6o 3rqrorbobr 10 $q,raq.og
5so$r6qrr. r863rt6sqr, 0gbsdq563q,o 6rbqgs go6s6bgt6 6rles6$3 66d3q5sqror6o
bsJ6ol336go 6r6s33goXbolr tss8ergrq,obgbr. 6ors36er6oU grbosEo jsqrq'q.ogbou bsb6otr
6sq6Er33b$ b3q'o ts33$grn ryJqrQo (-or Jt3oOrq'ob brs6ob q'o33oqmbob s6p'ir,
3er03<66cr3q,o br63g6ob 0o36 q,rt6ol-r fulrydlnb 336o ri6o36sqr 6s0ogg63bsbr qrr, 619
8or3r6os, go6s6tlg6o bsllt6olr ltJ6rq3x6grn 6s6t33Xorgbob qrs6363q,o63brb. 6o6<n66
b3Eelor rqo6oE6.>, 2012 $q,ob 6r60r3q,rnbr8o Eg06o6qrr lsjr6or33q,mb go6s6b36o
brgc6olr A63cg"tt qrsb6oq,r'rbr, Soorrg Eg0go6q.or lrb3robr 0rn3q,33,lqrr':6 qD
66d3q3rqns6 l-rrJ6r.r636gcn 6.l6r63orXbb 8o6ob qrr 3rJo$sqrolr bs'b6olt bJ6r'636$r'r
6r6s33pr3bo qrsgsbqrrn3qrs ao6COJ6Uq,o Joqro$o3ob 6r6s333oil. 3b 3o l-rsjr6ot33q'r'rb
36rn36gq,o br63ob 0r'r6g$.:6ryq,o J<'rqo$o3ob 3gal6or6o6olr $6qr.rtr3 Eo3oroorSbb.
g6o36gq,o br63o 33q,,s3q3 6r6l56dcrbb ':q6oB63q'o btb6ob 6r63oorr69boL b3qE30$grtbo
qcr6olrdogb3boL Ar$r6Cbrtr, 6.:6 Oo0r3rq,tso grlrosEo jrp,>q,q3bob E3rn6.>po br%6olr
6r63ocnr6gbolt $obsJot5rqbr 6sbqr3br.
50
ａメし● υｏ υｏ
(rls66tar N 2-9 lsbsboE<n gsl-ns6c, Crqrqqr30ob bstso$o er l$tsUsqxn 3rqns6obs
roO-G) q,t]{9 tJ6r-10 r0g-10 (,ll 10 r.16-11 s0g-11 eu-l1 $r+12 rtg-12 qat-12
6rAcrr, (ar6J(306r
-
eC6do)
3iAo$crAs
-NAUig.'lrrjst9or33q'ob
$916o:
36o363q'o br63o
6er6o6g g33g sqo6o06r, 20f2 $q,ob 6r6Er3qmb$o o$gq,.:6oolr erbrq,o 0sts3g6363q,o
gojLo6q.o3br.rq.or. o6gq,q3oolr qnbraoJrbC 06ots363qrer3r6o ogo 6rn6rn66 tsop.r, .rL3 3
Ls6r63rn 0o$r.rqrg6ol-r tsrC6o6Cbo. gojbo6p3brnq.or 0r'rorbo36olr ts36gq,gbr6. rr6lr3bgq,o
36o66obgbolr brggdmq,bg, 6rndq3bo6 0ogcnoor6bqrs o6gq,,>6oob 66o8g63q,o3r6
ts906o63br96, g6m36gq,a,> A1630r $o6rb$r6 pro$g11 0r.r6Xq)c6gqo Srnqngo3ol_r
6966o63bs. 0rnt-rrqrrnqbgq,os, 6r'la o6tsq,r0or ECA('6r'1a Jg6ooqr[o6 (,rbrq, errECbC
836.:68g6q$b.: qpr C6sJtnb6o3rqr q.o.:gb6ag6q66s Ao.b6ob6o3 qrcr63L.
2.2 ggq,rq) b$6C('q)('t Jr.)qr\)oJrfr oArOf,.JfoEOCAf)
2012 $3qil lsjl6o3gq,erb g6m36gq,o 6163o[ ggq,rqr-br363qngr.r Joqrogo3.:
b(n6go3qq66oqrr 6rn6ggr613q,o Joq,ogo3ob 3r.r6og3gob bJ!.os$$COoE CbCbotj
ts3brb$oUsqr. ar'r6C$56Uq,o 9336ugo3bob 0obs6o.>, 6.r63orrtsrn6olr b.:ier6tr3 r6[3bgq,o
6r6$BColCbo ogmb b$rboqt6o er rbq,mlr brjr6o6gqerb 36o36gq,o br63ob
Ao6C$56rflq,o Jrnq,ogcr3ob JoAoOCOob Eo3t6 6sbb,:bqg63q,l aobC6rd,Uqro Jr.rq,ogo3ob
Ar65JgCocnr6. b,:o,336lgore 6o$6ob dobsq$33.:qr 6.>6r.rog36gbrnqr.: lrsr.rJg6r6oo 81680,
6o09q,og $r60olqga06b En6ggr6rgqo oEtrO6UACEOCAobr qrr a.ioro 6.>3r'rgg63bob
Eoqr6r'rdg6ob 36ombqrornbrl.r. ltjrt6o63q,rnlr C66'1363qlo b,:63oL bxnJg6r6oo Br6Bm
ts3q.o53bl ts30q.o36o aar6C$r63q,o o6bO6UAC6OCAolt5r6: 63go$r6bo63bolr L3bb3bo,
36o4rpo.:6o bgLb38o, C6oeqor6o q.o3Br.rtrog3bo, ltqrXJr.rbogo l-rg6gogo3rg3bo qr
0o6o0rq-gt6o bs6g9r363o 8morbo3636o.
Lrjs6or35q',rnb X6rn363q,o br63ob 0o36 0ror6CbCq,o Joq,ogo3ob tsgq9g6rcg, 2012
Sq,ob 6r60r3q,r'rbsEo llJ6rn6C6ggr 6,>6r333onb AX.oTGCAoL SalsbobEo $o6t $q,36orsb
Bgqrrt6Sboo Jo(gm UBFm brrC$o36qgr. 0rnoEr6r 3r'r036gogq,o b.r6yboL sjgog6r'rbr0
bs63orr8o6olr E3qlre brb.:6lrg, l-rsqr.l6 g6r.r36gq,o grq)36ool br6brn60oCq,CbgE o
ArSoACbCboL 6o6gq,rnbr 11.3 J6mg36goor 6ro%s6qrs qr.: 12.7 0q,6q.o q,r6o ACreAobr.
b,>jr6org3q,r'rb 3t6og6gq,o bt63olr Ern6ggr6gqro Jrnqogo3ob 6s6.>33gorob 3grJob6o3o
630go6gboll J.:6,:qr3qrg6.lq, 2012 $q,ol-t Ar$Ab3q,r1brtso 86o6p3brnqr,r br63orrder6olro
LtJ6r'rgg6g<n br65J33o,Cbo egr arn6C$r6?q,:o Jrnq,ogo3ol,r l-r.rJ6og366rn br6rJ33ololrb
.rbqrob 0rnd6rrnbq:r.
brjr6cnpq,nLt 36n36gq,o 6r63ob Ar)ECOr6Uq,o Joq,ogo3olr JolaoOCOotJ
bres$SACOoE Cbgbob gr66q,gb6o qrr brb,>63o bob6CarBo q,o33oqrmbolr 8o3q,33;qro.>6o
51
J6rn66oteolr brggd3gq,ica brjs6cn39q,eilr 36r'r36gq,o 6163o 6r6br.bq36r3qrr
6ggo6r6lro6g6ob bSbbX0ob go33qr6o6ggqr 0r6gqobsb. g6cn36gq,o br63o s0 Jr$ogCbb
0.>6ors3qr,: o0 3gorboor, 6o0 sgllgornbiq qrrgojlm6Sbgq,o lrsEgrq,r.r brJ6o6g6grn
6r6s3g3oro gogogogo 0o63gr6gqo Joqogo3ob 6$r33gonb lrosbqo33b.
2.2.1 6Xgodt6bor6jbob bXbbjdo
bsbr63o boU6g8ob 0rn3qrgrqro.r6o qro33oqrr.rboor g9e63b33qrgrngob 0ob6oor,
b.rj.>6cn3gq,rrlr C6e-raEUC,c, 6163o 2012 $q,ob 6s60l3q,o6rBo gm33qr33o633qrq9 og36gbqrr
2008 $qroq9r6 $(nja3p0agq, 6ggo6r6ln63bob b3bbob o6Ug6rg6g6gb. 6ggo6r6bo6g6ol.r
tlgbb3bob br0grqgboor tr.:bs63o b3j6r'r6obso6ob b1q,Eobr$3qgo0o ogrn 0r,r3q,g3tqror6o
qn33oqm6ob Ooqgbob lrsoOgqxn qr.: qrsb.rq,6ob3os6o $gl6cr, 6rEs6 qr,:qr36oor.rqr
o0oj03qr BUqlrA brbr6lrs qrl go6r6trg6 tr$rboq,U6obrb3. 63go6,r6bor6gbolr
obll)t6ga36gob 0o9e.:6os bs63or8o6olr bttr6tg 0rn3q,g3.:qror6o bJ6t6g66ct
Ss5s33gonb 016o13r. C&Dg6Cq,o bs63o r6ob q,rriob 6rlrr6b3 0o3q,33,:qnr6o
qto33oqrnbob g6otqg6on 0o0$mq663q,o, r0qrg6sqr Osb rCab !,:tsgrq,3b.r
6Xgo6r6lro63boU o6bgr6g6366oor Eolq$oolr 6r63cns0or6olr brfe,:r6b3 Oobor3ob l_rsl_rg6pq,
brJ6rn636go 6r6r33gorb. rgjgornEolr 0Xts3go6oor 63go6,l6bo63bob b3l,rbol_r b.rJ6rqp6ger
Ar6JJgCCDo gggd60boqrs tr.rjr6or3gq,rnlr g6o36gq,o b.r63ob 6rn636r6gqro Joqrogo3olr
6r6JJgCo)tr.
brbr63o bob$CarAo rg6oq,3bgq'o q',o3goqrrbolr Er.rorbo363bolr qrs30rgcrgoql6ol5 q6
6ggo6s6lro63bolr bgbboL o6lrg6ry0g56olrsq0o 9o616lrg6o b.:b6olr 6o6s$oqr3cns Eqrobot_r
Joqgm UBFn 6rq66s3gbob 0o$6oor, 2012 ggq,b brjs6cr43qerb g6rn36gqo b.:63o rl"1969
ogX6gbqgr 6gqr0q0oj8gqn 63go6s6lro6gbob b3bbob o6bgr6gA35gb, 6o0gq,o13
6ro630r
r1f6om6ob 6r63ts9. OgqEo3Eoj8gqn 6ggobs6lro6gbob bgbbol_r o6bg6gEg66oor br6gbtr
3jmbqrsor q,o3goqrobob l.r,rlo6og6ob qr:go6sblr3boL 6r6r6go6X0gq,o 0gjr6ob0o. brbpbL
brtsgsq,gbr Jjo6qto glt66g\,so 6ggo6.:6bo65boL bglrbg$oor o0 030orb3g3,>0o0 Jo, g;U
obo6o &16, are.:b36b30qrfu6 63gobr6bor6gbolr ,:glgorn6oqr:6 b3lrbob rq3bsb.
E3q9Eo36oj03q_oo t6ggobrbllo63bob tr3bbotr brJ6o636go 6.16.:333oro
$o6rtr$rr6 .:r6ob
qrrqr6g6oq,o brjt6or3gq,erb g6o36gq,o br6Job EobCor6gq,o Jerqo6o3olr 3o0og3gol_r
8o36 qrr 6s6olstrqg63b.l 6rcr6rnt66 arl6C6r63q,o Joq,o6oJotr 5.:6r33gortr Jq,ogb 36oro
J6rnm6ggq,o Jg6j6o. rlf6orn6ol-r 663ilg 6Sgobr6trr63bolr b3bbob 3rqn.>6rl6r qrr
6gbbr6obrqr bXbbob rq30obs qr.r qr.rgr63ot-r or6oeC6o oq66gg6or rgjgornbob $3Loor
639o6$tr63bob t-rXlrbob ors6oqgbott.
$o6r $q,gbob .:6rqro6og6sqr, 2012 $q,ob 6r60r3qn6.:tso flrqrq,o ogo lrsb.r63r,r
bCC6o6rob qgro66C6gb30s 63go6r6lro6g6ob bgbbob o6trg63036gob do0r6or.
$q,otr
6r60.r3qnb.rtso sgj6cm6olr 6.>6369 r6ggo6.:6tro6g6oL lrgbbo 6rogs 8-266 (2011 $3q,b 16-
xc6).
2012 $gqb aelECOr6SE o o.336r6q0ob 5or6rcrb bsbrtso Bgqrooqrr brjr6cn3gq,mb
36<n36gqo br63ob ltq6&nbogo lrg6gogo3r$Cbo, brCr6oggqrolr 0ors36rn6ob grlros5o
jsq,:q,q.o3bo, 3o0366ogq,o 6r63g0ob lrJr3bber rCOo3Cbo qrr brg6orrBrn6olier lsbr63o
Ar6560oCAo. b3Lbob 3b63fu3q,grngob olocrrrn33q)o .ll_r3oro brbgobob .ljgogbtr3
36xn363q,o bs63ob 0o36 6s6brj:q363qro ogo Bgll.rbr3obo 3r6og36ogE3bo. l6jr6or33qrgrlr
C6SIAEUEI br63ors6 ar'l6C0r6Uqlo oJ36r6oXbob $rr50rn36obror3ob, 6or5rob rA
brbgerb30oqr.:6 3o6g66o3q',o 6.16330o 2012 $q,ob 6.:ffis3qxrbrtso do6ocn.rqrrqr og36C0e6g6
l-tjr6o63q,r.rb 36rn36gq,o br53ob brqggJrnbogrn b36rgogo3,:g3bb er trJCr6ol3Cq,cr
0ors36r'r0ob Brtror6o Crerq,reCbb.
つι
Ｃリ
qrrrA6rAb N 2.10 63gobs6llot63boU b3ltbgAob Eq3gq,r.rb.: 2010-12 $q,gbtlo
€sm
Er lso
p
ro
aoo
350
300
250
2m
150
1m
50
８０
圏︲
Ｎ︻︲つ０つ
ＲＣЮ
留︲
Ｎ︼上ヌ¨ｏ
Ｃ
Ｎ︼１︼路︺
Ｎ ︻︲０∞Ｃ
Ｎ︼︐つＣぅ０
Ｎ︻︐Ｃ つ０
Ｎ ︼︲一ヵＣ
Ｎ︻︐
Ｃう０
︻守８ レ
︼︻︲〇〇Ｃり
０﹁Ｃ
︻︻︲
８０
︐
つのつ
¨︻︲
︻︼︐Ｄ∞Ｃ
︻︻ｉ
´ｏぅの
︻〒 Ｃつ０
︼守 Ｃｏｏ
０
︻︻︲
０００
︼︻︐Ｄぅｏ
８３
８︐
０﹁ε
●Ｈ︲
Ｏ︼上理︺
０ ︻︲レυ∞Ｃ
０ ︼︐ＯЮ０
Ｏ ︻︲０∞Ｃ
Ｏ ︻︲つｏぅ０
０ ︻︲ЮＯＣ
0
$gr5<r: lrs js6or3Xq,otr 36cr363q,o bs63o
2.2.2 X6otgqos6o lt2ltb26o ps gXJaboeXdo
B3qlreo 6s%6olr 6r63oors6g6oL b3q,E3$gerbob, 6$3cnrBo6otro brJ6o636grn
5r6r333onlr 036g3rnbob Bg06o63bol-r q,r B3qreo b,:9e6olr sjgo3r'rbob 6tiC6qrolr Eollboor,
2 $gqh 6.r63rn.rtsr'rt6olr httlr.:6%g, flltmgq,orntso Eoqghgq,o lng3gcngbn J6ljgo3ob
Bglrsbr6ob.>qr, brjr6orgq,r.rb g6r.rg6gq,o bs63o .>65dgq,gbpr brJ6rn6g66sr ArbJJACoob
pg6gg6ob g.:6erg363bstr, 619 bgqb g$grnbqgs br63ors8or6otro br956olr lnJ6r436grn
ar5rJ3Coob b$rboq56 Bs6tsogbEo 0oj66str. tr.:J6o636go gr6r33ScnoU C9g63g.r6o
g.>6ob.:bq3t6s 6rn6r'r66
0rn6g$r6gqro Joq,ogo3ob Ar65J3Cooerb
orr6rbr606ots36gq,rn3r6o Arerb6Cbo l$J6er636gtn br6rJ3CorCbob bSqrr qrr jgq.or 'bq36oU
201
go60o63boltor3ob. 9cAq.os brJ6r'rm6go 6r6r33gcno 6r0rnogg6Sbrnqrr brjr6orgq,rntl
36r.r36gq,o 6.r63ol-t 36o4rqo.r6o lr3bbgbolto6olr, boq,rn j33q9s bsJ6e636g<n 6rbr333oro
6r0emgg63bcrqtr tr.:jr6or33q,r.rb 3t6er36gq,o 6163o[ g6oryrpot6o qr3J<n9:ogoLsor3ob. 2012
$3qlt bsJt6e6g6grn grbr33gorotr qr36gg.r6o 03.>qgp6qrs 3 36er66gU, 0o6ggr6gq,o
Jgrq,ogo3olr gr6r33gcnlr Jq,oglr/Eo6gl-r 1.5 J6rrOC6OUq,o Jg6igo. l-r.:J6r.r6566o
E56rJBCoo[t qp63g6ob 6rAr'rgCECAr sE6ot6gbb br63orrtser6ob bs9cr6b3 b.lJ6r.rg36go
6rbrJSCoCAob a$gcrr6 03t5g3obsl-r qrs, orr3olr 0b6og, bgq,L p$gobl-r br63orr8cr6obo
brJt6r'r6X6g<n 6s6r33Xonb e'rrbq,o36rb Joq,o6oJob AJEl3ACocrlrb (ob. qor66$s N 2.5).
brjr6or3Xq,rnb 36rn36gq,o br63ob g6orpqor6o trCLbCbo lrsbu63rn tr3jgr.r6olrror3ol.r
$.l60o.lqp6C6S.os Egolro36o q,o33oqro6olr Eoggbot-r g3CqlrbC l-r$6sg Ustsg,:q,3bslr, rn306r
I-r.:brlr6rr brJ6rngS6go 6r6s333oror6 tsgqrs6Xboor g96o Osqsq,o Brtroo. Cb, orr3ob Eb6o3,
br633bb gbod6gbqrr ggq,.rqr 6rbs6!cg go6r6bg6o 63bg6b9bob g3gor3!o g.>boor
0erdogboll336 qrr Bgbsbr0oltqr sa ofug6a3036gbg qnqm &norbo36s .:t6 ogcr. q,o33oqobol-r
lrr8s6orr3rqr br63gbo do6oorsqr.>qr 63go6.r6Lo63bob b3bbgOb og36gbq636, 6s6 brbs63o
b3jgo6obsor3ob 0o3qg3sqror6o q,o33oqm6otr 0s6rco3oli 6sgoq,g0ocn g96r'1 0tnj6oq,o qr.r
L63q,gogoq,o L.rtsg.:qgbr,r. 36cnqrqo.r6o llgllbgbobror3oL aerjA3q.oSbL 6o6rerb ogo3g bsbl,
6.tg 639o6:6Uo636olr lr3bbg6obrcn3olr.
2.2.3 gsltos5o Slspsq,ggbo
bsa.Nabodrlb?d5ogoJsdCbo
2012 $3q,b brjrdro6gq,r.rtr g6r'r36gq,o b.i63o 3.r6.:66dmbqr.: b.i3gor.:6o g.rtrorEo
j,lqrq,pSbob - t-rrq6Jr.rlrogr.r L36gogo3s636ob gEol-ro.il-r. rq6ots6gq,o Brbor6o
53
jrq.:q{930o go6r6bors bs0o6olrgt6rnb lsbslcoErn 3rq4.ogbgq3bgbor6 er bsbsbo6o
er6qo6s66g6ort6 36orqg 3o0g66ogq,o br6gboqgr6 Osqsq,o 6rnobrn36oor br6u0q,o0qg').
s0rlrors6, brqsJtnlrogo b36gogo3rgg6o 6o6r.roj6ynq.or 3-o13o16o er 6-o13o16o
3sqrorbobotr bg6A36g!ca, br.rq,er 6orrg6rn6ob grlror6o jsqrq,pgbo - 1-$q,or6o, 2-$q,or6o,
5-$q,o.r6o qrr 10-$qo.r6o Br(,o56rnbob t-t3603661ca. .:q6ots62q,E.r g.rbor68.: jrqrq,q9368r
bCqln ECUSg. Bg0rnb.r3q,os6erbob b6rboq36o Et6gqob BsSogrq,obgbrlr.
tsgErnUr3qo.rbobob a6$9. odq,3rnqrr 06o836gger3.r6 o6grn60.rgorlr bb3.rqrrbb3.:
3rqnr6rebob trsJ6rrcg6go br6r$Co36ol, E3brb3b, rtr63 go6s6bg6o brb6ob 0o6r$oq,3or.:
0oq,oqo6X0ob ts3ltbg6. Bg0eit3qror6er0olr A6"Acg"b 0ob3q6oor, lrJ6gq3bo 66dgq6rqro.>6
qt ArnJq,,C3roeos6 bsJ6rngg6go Ar6$gC€rrC0b tlrnt6ob $qolr g.r60.r3qrrnbr0o 06o6qrgberqt,
616 bst6oU 3g$gos6o6ob ic6qrr$g Ocr3cnoorSbqrr.
2012 $gq,b brjst6cr8gq,ertr 36rn36gq,o bs63olr Eog6 brarragca3q,o ogrn 3-o6o15o qt 6orgor6o 3rqror6erbob brq6J<n$o$o bgt6$ogo3s$C6o. Cb grlror6o jsqrq,qrgbo lr.rbr63rn
bglger6ob 0q6 6.>0oggfu03q,o ogrn 6r'r6er66 q,o33oqrn6ob 0r6or3ot-t SSCgrbg
Ooftoq3gq,o ar CSTCOUtu 0o3q,g3sqnr6o o6bgda3a36go. ts31-r.:b$ol-t.rqr, bsqr3Jobogn
bg6gogo3rg3bob 6r6orr3tr36ob Jergtso6oCb$A5, 6r.r0gq',o6 .ibrtrs3lr ts5COoU6o
6s6orr3b3bob ts3gr6q9gbsb qrs6363oq, 38olroslrcnrb, ts3rq6o6r 1.0, berq,r.r 0r'rorbog6ol-r
3rrg9o9o36S0r, 6o0gqog rts3gfubb 0mobrn36oU grt6qxnblb 6.rarD6bsqpC0gq, 30obosbor.:6,
2.37 Eg.>qr6o6r.
2012 $q,ob 6r60r3qxnbstso 6saelobsqgCb0q,o 52 rgi6orn6oqrr6, 3er0g66ogqo br633botl
8o36 b4ggJm$ogo tr36gogo3.rg3bo B3d36oqr oj6r g3q,r sgj6oo6b3, k63q,o
grq66rnboor. 0orq,os6erbrtso 6r6orr3bqrs 1.6 0q,6qg q,.:6olr 6rnEobrq,36o qo63bgq,3boL
brqrSJrnbogo l-rgt6gogo3sggbo, bgrq,rn Cgro8r6r 1.48 0q,6qr. q,r6ob 6tn6o6rq,36to
qo6Cbgq,g6ob llq6Jotogo b366ogo3sggbo. 2012 $q,ob qrrbr$goU0o EoEoj6g3.>Eo
r6bgbgq,o t$qg0Jcrbogr'l lr1)ogo3,rggbob 0rn63q,crbr 450 Eq'6 q,56oer6, $q'oL boq'rnlr,
570 Eq,6 q,.r6.:0qrg 6rotr6qrr. b4p'}nbogo Lg6gogo3sg3bolt onoroSgq, .:gi6ore6tso
0o6r$oq,Srnbrb oq3bq.or tttsgrq,mcg 5 3t'r036gogq,o bs63o.
2012 $q,ol-r 31 q6336b6olr Eqr6r'rE.r6goboo, Eo0oi633rtso r6l-r9b3q,570 Eq,6 q,r6otr
brq3Jrnbogrn lr36gogo3tg3bb tsqrnber 8 3o036gogq,o br63o. Urqr3Jo9co6o
tr36gogo3lg3bob 6ggr6rqr br9cr6b3 2012 $gq,l, qtoqnn 50 6.r6oggb.: bs36orr or6bocr)
413.3 OqE q,.r6o (2011 $3q,b S.rEbo66oCqCaUq oj6: 199.1 0q,5 q,r6otr Ecr6Aq,oboU 52
656c)ACbr).
54
(nrA65Ar N 2.11 t rACJrnbo$r'r bg6gogo3.:gg0ob Jot(rOg3Cob Arn3Cgobs 2010- 12
ScTcbo
加
ｍ
ｃｃ ａ υ Ｄ
卿
お
輌
Ｎ︼︐
０のＣり
Ｒつ
Ｎ ︻■︼υ∞Ｃ
︐
Ｎ ︼︲´Ｃぅ０
ＮＴＣぅ０
Ｎ︻︲いｏＣ
︻︻・〇〇Ｃ Ｄ
︼︻︲つ０つ
︻︻︐ υ∞ｏ
︻︼︐´Ｃぅ０
一 Ｃぅ０
︐
﹁︻︐
ＤｏＣ
ｏ︸ ΦｏεЮ
０
つ
Ｏ﹁
つ
︐
ｏ ︻１●υ∞Ｃ
一 ︻ つＣり０
０︼ｔＦる ０
０ ︼︲つＯＣ
$gs6o: b.s jr6cn3SqroU 36<n363qro 6s63o
bsb?c?dfrtEz t tbo?oAs?oe\o
ggq,sq.o-Us363qgo6o Jnqlo6oJob 0ob63bolr 6r6brn66ogq,3bobro6ob, 2012 $3q,1:
brjs6o63qx.rb g6r.r36gq,0l b$30r 6r6rbrn66o3q)J qor br'b6ob oJ36r0or er 6ob
Egq,rnbXq,obstso .r6bgbgq,o brb3q,E$oger erbq,o6s6ogbob qroqro 6.1$oq,o ArJrbgolr
r3jgo<n6oL $3Loor. sgjgoer69rS 6.rlr.rgoqrsqr br6r6oq,o ogo 114 Eq,6 qrr6o[ 6o0obrq56o
qo63b3qg6oU 13 grborEo jrgsq,qn. 3rn83t6gogq,o bs633bob 0og6 bsbSq,flSogcr
obqo6r6og6o 83d36oq,o ojfu g33q,r rgjgogE$g b63ql" oqrg$gbocn. 0embcn36ob
3et3go6o36gE.r Egrqr6o6r 3.25. 0grn6.lqr b.rtlr694 ra grborbo jrqrq,qrgboor
6r6brn6goSqrpr 7 6s6o63bs, 6oEq6btso6 dgoqr33q,olr lrgs6glroo Ern6.:$oq,3obqr br63ol-r
Jq,oc60c).
bsbsbofia g.;q.a00Eq,Cbebo es bsbsbo\o a\q,oAs?oCbo
q,,rt6ob ggq,sqro bs%6olr 6s63oorr53bolr b3q,6g$grnbolror3ob, 06o[363q,o3r6o o5r.;
tr.rjrt6cr4gq,r'rb go6r6borr b.>Eo6obo6mb 0o96 tsb.:!:obrn 3rqq-o3bgq,gbCbobr qr.r brbrbo6o
o\,o6.r6o3bolr 6s0o833bob 5s66d3qgbs. 2012 $Cql, lsjr6o63q,rnL gobr6borr
br8o6ob66rn rbp36qg.r 1-$q,or6o 3rq.oos6oboLt potr3er66g6o 8rl-,6;16cl jrq,>q,q93boU
Urbrbobo 3sq,qgbgqr3b36ob.: qr,: 2-$qor6o, 5-$qro;6o er 10-$q,lor6o 3gJobg6o
tsJboJ6o j,>q,:q,qr3botr - b.>brbo6r'r rnbqro5.>gogbob 30ol-ro.:1,r. sE gJlo,>6o j,sqrq,q$6o1,
30olro,r bqr3br 36o36gqro BrE U$ool, r6r0r63t6osqro%gbgqo 9o66oor. 36on grlror6o
jsqtq,qgob 6o8o6rq,gt5o go6gbgqpbs 1000 q,r6os. brbricoErn 3rq,q6b3q,3hbobr q.o.)
Itbrbobo rnbq,o6,:6ogbob brgoe3r ber6gogqrqrgb.: brjr6oSgq,eir 36er36gq,o 6r63ob
0o96 r3j6oo6olr 03ts3greboor, 66r3rq,o tsrbob A3cr,rreroor, .6qlUObC6Eob' br3r$6rn
botJOCAob 6rEr.rg363boor. rgj6orn6tso 0o6.r$oq,3o6olr 6oq36r ts3gdq,or trrC56cDgCq,lrnt,
36rn36gq,o br63otr Eogt6 q',o0C6bo6Cb3q, 3r'r6g66ogqr brbgbU q.o.: Esoro E383Xoboor
6gbob0o3i6 og6oqrogq, qrr go'bo3g6 3o6tr. gsbosb jrq.lqq.oU tsgLrdq,or 3gr3qggb
6rnEo6.:q,g6o 6gq,r'rbgq,o - brb6olr ts3,:flr3rq,o, 6rn03q,lrs6 E3t-r.r3gor6g $g6oq,9booro
b3q,tsg6gq,3boor .>6o$3611 6331r66tso lr,rbs%o6n 3.>q,q3bgq,36gbolr p.: rnbq,og.rgo36olr
orr3oU brb3q,9e3 sq6o6bgob q)r Arolo 5;631663o1r, go(Br-AJgoe3ob qr qrr6o6rp6olr
3gq,3brL.
Ｅ′
Ｅリ
●
Ъ
bUq 6oderj6g3rBo r6Lg03q,o lrrbr$oEo 3rq,q.o3&gq,3fubobs err ltbr$o6o
obqn6r6o3bolr Jo6ggSqr0r 2012 $q,ob boq,rnbso6olr 587 Eq,6 q,r6o Eg,:qr6o$r, 6s6 EtsJb 2.25 J6r'6569b ts3rqrp6b. rqtrs6oE6r3or, t<xnd brler6lrC 6o0rnj66rqn lr.lbrleo6o grbosbo
jrqsq,qg3bob 6r'6gqnbr X3o6r.r0o3ob bo0rborr6 ts3qrr6g0oor ag6 3oq.og3 06o6gr. 6rb6ob
q,o33oqer6olr 6rlr.:lr6qSqrsqr 06o8363q'o3,:6o.: ltbl$o6o EJtJor6o j,:qrqrqrSbolr
X0obo3botr Arq56e'r, 610 JrCaC bCgl, tsggSgr.rbb Ur6rt6go 3rq,olr rq3b.rborr6
qts3s3tso636gqro 6obp6o[ 6gdgo6gbrU.
2012 $q,ob A56a53q{Dbr8o gJrosbo jsqsqpgbob 0ynt6sq.o brbrt6$3, lrsbrleoEo
3rq,ACbUq,Cb3ObS 6r6bo66o3qryt 20 pt6o6gbs al0g6o 6o8o6.rq,35o qo636gq,g0oor
74.6 0q6 q,rt6o (2011 $gq,l, 16 0r6oAC0r, 35.1 0q6 q,r6o), boq,o lrsbr%obo
r.rbq,o6,>6ogbbX 6,>6brn6gogq,qrr 24 6t6o6gbr XrAU6o 6o0o6sq,gt6o go6gb3q,3boor
131.4 0q,6 q,s6o (2011$3q,b 3 6.>6o60,r,25.9 6q,6 q,r6o).
qnr66r0s N 2.12 2012 $Cqfu Lrbrlro&n 3sqq6&3qp6gbobr qrr lrsbrlco6r'r
oko5.rgoC0ob Jo6gg3qo
お
︒抑狗綱ｍｍ５
︒︒
御３
５
ｃｃ ａ び Ю
550
5∞
450
・ ヽヽい
つ０００
ＮＨ︐
゛―
一Ｈ︐
ｏＯＣЮ
■Ъ｀嚇
０﹁Ｃ
ＮＨ︲
一■８８
==盪 3黎 場 選mO =3段oい ]
。
ヵ
$gs6cr: b.r jr6or33q'r'rb g6<'1363qro bs63o
Ern63gr63q,o 6.:qr.r636ob 6gls6olrEob ggSigosbobob $6qnllo4ob 86ots36gq,rn3r6o.:
grborEo jrpsq,qpgboL q,o33oqp6o 03o6rqro brt6olr s6U36gbr. 2012 $gq,b $o6,r
$q,Xborr6 ts3qrr63boor E6oE363q,rn36rqg 6sots6qr.: 03rn6.:qn brb6ot-r rj6o3o6.r, or306.t
6oLo g96r'r brrCoo36Cbob 36co-36or do6oorsqr ts36r996b9b3q, 5.r63Eo3brb EoEojoCAsEo
r6b3b3q,o glltosGo jrqrq,qr36olr s6rlt30r6olro 6r6gqrr.rb.: $$0crqr6gbqr.>.
56
︒
２
∞
︒
８
ｃｃａυ Ю ざ
qnr66rA.r N 2.13 ayr6rqn brle6ob qn6r6o3r
40
20
８９
斜︲
Ｎ︼ ＯＯＣＤ
ＮＴＯ﹁Ｃ
Ｎ﹁ ﹁０つ
∞︒０
︲
Ｎ︻
66r6trd3oCboL, 6,:oq66t rAr (arraqSC6.r q3(tuo)
Ｎ 一︲ υ∞ｏ
Ｎ ︻︲０∞Ｃ
ａ︼︲コＣり０
Ｎ︻ｉ
Ｃつｏ
Ｎ︻︐
Ｃｎｃ
Ｎ︼１
０ｏ６
Ｎ ︻︲りのＣ
︻Ｔ ８ レ
︼︻︲
ＯＯＣ Ｄ
︻∵ ０おε
Ｂ´
︲
∞ρｏ
︼︻︲
︼︻︲ υ∞Ｃ
︻︼︲り∞Ｃ
︼︻︐つｏ４∞
︼︼Ａもつ０
︼Ｔ Ｃ８
︼︼︲０のＣＯ
r
︼︻︲りＯｏ
0
(4.:66bg6s q6do)
-a<,r65q,ob,:
$916r'r: ltjs6or3Cq'r'rl, J6t'r36Uq,o br6Jo
gJborbo jlq,>q,qr3bol-r 63rn6rqro brlc6ob 396r'r aC$rqg ArrC6our6gbob fuqtsg$grnbotrr
Egtrtb.rEobo orr6s63q6er3g 6.rqrq,6a|6rnq,r.r6og6o oEE6rbOd)gCOUd)ob
Oer$gr.rbobro6olr, b.r jr6o6gqrnlr 36r'r36gq,o 6.163o .:66d3qr3bq.or Oob 6o96
Ar6bo60oCq,Cq0q,o d6oa36gqrgr3r6o aroC6orqlu6o e5 o669qa|6g.:qg6o
er
ob3Xbgogogbob 5.>63oorr61pr-b6flqlgogrt, 6s6, brberqromqr, J6rjgo3.>Bo ,,b.>bgq,0$ogr.r
Bsbor6o jrqrqrqrX0oL s66r6oBbgo6gbob (CSD) botroCaob" (,r bb3sq.o.:Ub3s
36om36oro6ggg6o6gbgq,o LoLOCaCboU b6gqgogoq,o gg6jgoo6o6g6oor
EraGtC)bJOCbr)e'J.
.:6133 Eoir6oor, brjrt6o6gqob 36r'r36gq,o b.r63ob o6o6osgo3oor ttCoCa$r
er .r0rnj63pqr.r
63Jo 6s6o6369botr tsgtl:bgb Bs6Bo bgqBg6,CqlCb.), 6o6q,ob Br6Aq,CAtso 6CJr.r
5s6o63b3bob qrsqr3boL.:o6oL br6pbb Aggdq,osor 6r0r'roggbo6 bqgdbg6gob br3r$6o
bob610r p,> -bsb3qfgogm grlror6o j.rqrqq3bob r65s6otslr$o63bob (CSD) t-rob630.:".
gr.rgCqlogC aL odq,g3r tsrlrorbo jrgrq,q6bob 0Xer6rqn b,:b6ob 5l63oors6gbob 3,:66
l-t.:ggdgq! ('r arb Ubq'r Ardggb 6rlc6ob q,o33oqn'rbo[ b6qrr erarooboolo 9;[ro16o
jrgsq,qmbotr, Osor tsr'r6ob, 6r6bs33cn63boor 56d3q6.>qror6o tsrbor6o jrqsq.,q3bob
6s0o03gbotr gboor.
rnd6r.rb b06OoEo3s0gbo
2012 SXq,U 36rn36gq,Es b$36.: qr.:o$gm q)r rbm60oCq)3bb erj6rrlr brtr6otr
5r53oorr63bob J6rnCCOb, 6c.laq,otr 0ob,>6o.> oj6rnlr l-r.:o633b6ogogr 61690r'rl_r ts3j06,> fugg6otr
66g6rq,g6o bs63ott b6pq,o A16160clrlol. oj6rntso ob3Cb6o6Cbr, re$oflEUq,o er6got
Jo6obg0tso (rr tsJror6o jrq.>q,qgol,r tsrlrotr br6brlbe36ob J6o6goJob 6ror3sq,o$o6Xboor,
6o8q'ob tsglrsbrOobrqr Brbo I U60or oj6rnb3 r6bgboorrqr OorbqrnXb3q,or mj6r'rtr
8lrogq,oer b$sb6r, BJlloJ6, Ecrlsgerp6gq,o;, 6o0 6r6[r33on63boor 0o09coq6gq,o
oj6g0r Jeg366o36o o633bger6gbobo5ob.
,,lt{.r6or33q,oU 36rn36gq,o br63oL rnj6erb bC6OoBoJrOCAo' s6l-rgbgq,o [rboor
0o0rnj63r8or 2012 $q,otr 25 o36oboqrr6. 3L BrLor6o jrqrq,qro $.i6Eersq936b
bro633lt6o6oo Bo656trg6 o6bgt(rg096gb, 6er0q,olr 30og36gos lrsjr6orpq,r.rlr g6<n36gq,o
br63o. 6s6trrn66o3q,gb3qro o63gtlgo6ooLr ar6r66oob lr,i6grq,3bs.: 36rn36gq,o br63otr
br6r3tso .r6tr36gqro 9o%o3g6o oj6rn rE L.r36orrtso6obrn lrsgo6r6bo oEtJOoOUOcbao
r6lt3bgq, r63,:6o63blbg arbolr3bCbflq,o oj6o. oj5rtu 1196go9o3rgo, 36d3q,3,:qror6o
o63gbgo636ob Ar6er tJrB3rq3b.ir odq6s 63bol-r0o36 pi6rnl-r 6r6bo66ogq,qglr r.rj6rnt-r
BoboJg6o Ar6reeCbr.
57
●
ヽ
︑
C6-abZq,. bs63olr 0o36 6r6bo66ogqrgbgq,o s0 Jt6o3j$ob 3Jo6t63lrrnbs
Jtrromqw63q, bo0r66o33lt qrr 0oj6oqro$5tsor. o633tr$o6g6oU ts3brdq,Xbq,r'rbr 3dq'3.t
6gbolr8o36 Jo6b Oobo Oerjsq,sjrnbob qgs/sb 63boqg36grnbob dogbgqrl3.:qr, ,16 r6b36r'rbti
6rn6r$oq,3 0b.:6ob 6ob3o, o63gtr6o6or o8r6ot36r btbgqd$ogm 66!ca6p6ob 0r6o6otl
Eglr.rbsSobqr, 36er36gq,o bt63o, 6rn6o66 30og36go, 6gbolrao36 qr6ob qrrob6Sfubb
or.:3ob grbo.r6 jsqrq,q-ob, r66st6o0lr$rn63br 6r6rbrJo6gbgqros 3r'r0366o3q,o bs6336ol-t
0o96.
Jt6rn$goti gr66q3btso arnj6gqgC0b o6OC66CO mb-6366q9o www.tg.com.ge 6r'r03q,og
Jrngg6gog6 o63Cb$er6b .r3r3tso6gbl-t b6rnJ96or6. Adxnp6l-t tsgodq66r $.:60rnrq.op6q.ogU
l-r.:js5o63q,mtso qogg6bo63bgq,o 63bolr0o36o 3o0363ogq,o br63o. 3r$6r'rb,s
bo66o3q,qrgb.: ger3Xq, blEgtsser CPQCI , 8gltbr0otrsqr, CaoOCEOo q.r A6nIJC6Jbo
go3CqeqC rCaCg6CbCb 3r[ror5o jrqrq,qgSbob goq3olJJ Qr 6goqr3olr Srbgbb.
s65r6otsb$o69br goe'A5-Argoe3ob oJg6r6oSbleX gao$36$lt qrs b6o33696b tsrnt6olr
bo66o3q,qrgbr r6rg03@gt T+3 qrqolr J6o6goJorn. C6.BEUq. bs63o 5gq,56sdrnboq,or
5r6brlcq36xntr 36or qpgtso gr6on 3rn0g6gogqro bs63obs6r6 qrs/r6 Eobo 0g833oboot oj6r'rlr
b3r6gogo3rg3boor 3r$6rn0otr q,o6ogo, t6r6 Eo0qro6.r63 0qr5r'r8r63r'rboo 6.:6ols!cq363b':
2000 g66oob cnqrg6roboor.
o633116o636r tlgtr.>dq,3bgq,or m6o b.rbob rrj6mb t-r366o3oJroob acasCoboor: rT j6rnlr
lcoqrrb lr36gogJr6o (r rnj6rnlr lso6gbgogorn b36$oBoJ5Oo. r'16o33 0ror6r6ob
ArbrqeCbob 0gEorb333s0o o63glr1yn6o Oooqgbb q,o6qro6oL ojt6ob trnqrob 6rb6ott
rlrq3or6oolr (london Bullion Market Association - LBMA) 0q6 lqor63bgq,o
6$r6Ern3bqoU erj6rnb 9coqir.
2.2.4 0o6o0tq716o bst69try6ga 0aabog6g6o
V
0o6oErqrg6o ls6rg9eg66o 0robtn36X0ob oEbO6-JaC6Oob 03833oboor brjl6o63q'rnb
C6-AEUq,o br63b br8grq,3br rCaL, brgq,C6r 0r'r.rbqn6rnlr BUqob 03qr$oJqro3.>$r'r6ob
0r6or3rbg. 0o6o0rq,g6o l-ts63fq63r.r 0rno$rn363botr obb$6g036$oor b.>j.:6orgq,ert-t
36o36gqro b.:63o j66ob et656Bc6o aoEJOr6Uqo obb$63036$9bob Sggi$os6o
6.rEergg6XboU $o6.:Jo6rnbrlr. Itj,:6cn33q,ob 36o36gqo b.:63olr 0o63$r63q,o J<nqro$o3olt
6sbuigog6gbq'rqr, q'.r6olr tsflqrcgo 6r%6o11 5r63oo56cbotJ b3qrts3$grnbolrl qrs
q,r6o'b.r6oob gg6q-og6o36ob 6rlr6qnb 0o116oor, 2012 $gq,tJ 3r'r636gogq,o br5336otr 0o36
36r'r36gq,o gJqlu6ocr, Eerboqr3q, brbb63bls3 0o6o0rq'g6o bs639:363r'r Ernorbo36Sbolt
6rn68r tsgrq636b l0 J6er666lt (1 $3q,q aCOo 6r6tsC5o AreosbcrAob 6rtr3bb36o
b,:bb63bobor3ob b.r639cA63r'r 6r'1601 0 J6q3g66L ts3rqr66li), betq,rn 3gbo36o 35q,U0oo)
6<nboqr.3q, brbl63bb3 - 15 J6r.r66gb (6$836o 3rq)or6obCboo, ggbog6o 3rq,ggoor I
$q,oqgr6 2 $q.rap3 3.:qnrbobob 6rb3bb36o b.rblr63bollar3olr Eo6odsq,g6o bs63bg63rn
6o68r ogrn 5 J6el13g6go, boq,o 2 $gq,C53 Eggo 6s6Bg6o 3sqrorberbolr 6rb3bb3bo
brblrt6Sbobor3olr l-rr6gb36cao 6r'1661 0 JExDOCEOb Ag.:qp6C6b). tr.:jr6cr6gqrnb 36cr36gq,
bs63tso 3r'r8g66ogq,o br633bot-r 0o35 6r6orr3b3bgq, 0o6o0sq56 63b36r3xbtt g6rn36gq'o
bs63o .r6ogbr3('r tsCbr0raob J6q356g9bb. JCtuoe, ltq,s6g br3o6gbJo6qg6go
r66rt6otsbg ArEcDrBt CbUq, lrstsgrq,r'rqt Or'rlroqgq,o l-rrbb63bob 5 Jt6e4;36$ob ts3lrsbrflolr
o56brb r6o0b53qr.r 36o365q,o bJ6Job AobCor6Sqro Jerq,o$o3o[ 5rbl333onlr grqrgbobob
J6r6g6glr. rtsE qmq,r6oco qt g36oon ger60o6g0gq, Eo6o8.rq,g6 6g'bg6pbb
g6r'r36gq,o b.r63o .>6ogbr3(rr acbraraobo 636g6rqp6o 6r63ob (rEE g3q9g6sq,g6o
t-rs63tr363o boboCaou qr.r g36r'rJob 66g6rqg6o br63ob) 3r.rq,ogo3otr 5r6s6goir Oobgll
0.5 J6rn6g6g3q,o Jg6jgoor ts306o6gbgq, Jt6rn66gL,0.166:0.:6.r6r3qr3b 5gq,olr.r.
58
(nr06rAr N 2.14 ts63$363r'r 6o66.:6s6896o 3r(n.:&nbolr Oobp3ocn
0
0-l Sq,rA()C I
ftq,o 1-2 Fq'raeC 2 $3qn 2 SCebC
A'Oo
i*.,'boqt3q,o lrJur6cbo
gJqr36oo, &rtc4r13eb UiUrGCOo
-3.tx'r36pJqrl
$gr6cr: lrljrt6cn3Sq,rT lr 36erg$gq,o br63o
Z.f U€rq13(yn *eqrr{)oJr qr) lrsCfrorfut olxn t66qf6g8ob ar6,cr6s
36rng6gq,o b$3ob bsgrq,ggo &nqmgo3r Oobbrqr obrbJgb C$JJmb6o3cqr, bsgsqggn
bstt6b3 o6g9tig66o36olr Bg06o53boor orr3otrggq,rqr 09g613 643q,oor JU6bbC
65eJrgq,5lr. aso3q,oolo 3g6bob .:L3oro 6g9o6o ,>06o63bb Ls5s63r.r Ernpbol-r b36r3q,gbrb
63rq,g6 g3rn6o8o3rbg qgr fuq,l-r g$gerbb 0.:36rn33o6rnEo336o trgsboq,g6rnbotl
g956363gq,gngsb.
36r'r36gq,o b,:63ob 6o36 orr3obSgq,.rqr 6636s3 6r63q,oor 3g6b9r3 Areir3q,ob
0odr6orgq,3boo ArOr6CbUq,o 61g<n6Eot-r tsCqrgase, 2009 $Cqlb, E36r.rgXbgq, oj6r
br3rqggrn rgj6orn636ob 6glr6ole0o, 6oEgq,og $r60orqg636t-r brg,>qggo brftl;6b3
o6gg6336goob 36or.:qrg6or o6lr66g0g66b. re6oA63q,o 6als6o'bEob rOr.rjOgqggbsO
E6o8363q,rn36rqr 03186o6r g6er363q,o br63ot-r o6gg63g66ogbob Urlo6rn3br ls3,:q,3ger
b.>9e.:61r3 qrr Eobo $oq,o br3rq3go 3r$6obg6tso. .>l-rgorE.r Eoqr6rn0r0 l-rrg6d$6bq,rqr
6slrr6qrr 3g6boU 0o3q,33rqns6o 036g3obs, br63q,ocDo 3g6bo arbe,J
.>6.>J6rn66rn%ot6g0sqn 8re3q,3grqns6 J36ooqr0o, 6.:016 6rnbb6.: 3gt6bbg trJx3.3q,r6opt6o
$63bo ps E3q9g6sqr 6rb.rt6qrr q,r6ob tr$rboqf6r'rbs 66d3q,3.:qror6 J3t6ornqrtso. 20f 2 $qotr
6sb8.r3qxnb.rtso, 36<n36gq,o b$3o gqroq,obqrr br3rq,U$rn brlcr6%3 Ebrrq,oqr
0o6o6lq,36rqr 8r63gq,oger, 6rn0qrob Solcr6lr 3rJogrqolr qr6r'rgboon, ]r6bo 6s3rqr36olr
6r63q,oor 3g6lrb3 6.:q.os$6b3bgq,o 9e36u3q,56ob rq8rngb36s $.:60o,:q6g6qt.
l.rsr66.>6o8o Jg6oerqrBo 3oqr33 gg6cn tsg66o6qrs 36er36gq,o 0163ol-r l-r>3.:q,ggo
o6g363g66o3bob lrob6o6g brier6le3. lrgb-olr EoX6 6rlrgq,o $q,oL 6sbEr3q,rnbrEo
tsgbgoqgq,o/6rgo(9ueo ggbcrg6o Brq,UOob 0rn6gq,obr8 qgs o6g36336gogbolr $oq,d.r
6.>63or.r8mt6olro br3rqggo brb6ob 06g63gbtso r6lr3bocntp 8oo3q,r.r $obs $q,3bcn.:6
63qr.>63boor.
59
qrub65ar N 2.15 lr.rgrq136rn bl1e6oL qn6s0o3s 2003-2012 gqXbtso
０
躙別知閻ｍ５
ｆ 跳 レ ｃＤ ρｏ●Ｄレ ｏ
8888888888ら
1=[場 ヨ
r
r
=3ヲ
8888888̲09==倒
場F=讀 ヲ雷
選 8盪 甲
&r6rex"e), Ar6ObCEr qfdo
==旨
,
甲
=選
Cirx,36"J('(, brEJCf., ftqr{'o, aJ(trcbCEr eCSdo
$9.:6o: bsjs6o139q,olt 36o363q,o br63o
br3rq2ger s1f6ot'r6gbolr tsC3oqgbob A3Aq6g ls66d6<n\lrq 6so$r6qrr E 160l-,
Ar(Bq',ooo 3g6lnb 0g6ggobr Ar.Bq,C3r(ror6 J36ooqrBo, 6,s6 trgq,b g$gobb r6rar6Lrqo
lr.]X3gq,r6q36o tg$eq,rl! t6olrpbolr Eg06ot630$. d6g6.r3o 3g6lrolr Jo6rnbg0tso Arogq,ocr)
3g6Ub rbsboro{bb Egr3q,g3sqnr6o Ag6gX<nbr. rAA er'lq,56cnrb 0o0.l6o4brtso q,r6olr
brGgq,oo)o 3g6bolr Eg6gobsb qr$bqxnSaoor olrgon3g raJoqroggqr,: ri3b, 619 bb3.>
b6rboq,g6 3rq'3ggbb, 6o6o6cl0rr rUd (r.rq,r6o qt 33r6rn.
qnr66sdr N 2.16 6;g3q,oon 3gt6boLt fu6gCtn|rr
0080
―‥―GEフ USD
0070
―――EUⅣ
0060
D
。Jc‑Ob
ー
●3ac■ でOo。
0050
0040
0030
0020
0010
0000
00‐ ― N Nめ o,マ い m oつ ト ト ∞ 88899==営
圏
999999999??999999
1318過
:ぎ t gt gtgtま
8:ζ
過
=3退 き
退多
ぎ
$gr6o: br js6or39q,r'rl-r 36r'r35gq,o 0163o
2012 $qob 0s6doq,ir3 0rEbm6GoCq,C&Cgo trr3rq,Uoer o6g363366o3boor, 36er36gq,o
0.:63o, gO3ggb 6g0orbp3stso, brSs6b3 g6br.ry6o 3rqry6ob 8gop3gqol_r 6erq6o
ArAoQooer. tsCqgCAre, 36r'r36gq,o 6.163ol-r $6obq9.: 0gbgoqr3rfl gq,olr gr60r3q,rnbr[o 155
0q,6 rBtl qmq,rr6o B3sq6o6r. 2012 $3q,U q,r6otr Ar6gqoor 3g6bo do6oor.rqr,:qr
b6rboqp6o ogm. br3rqpgo 6r'br6'b3 g6btng6o 3rqSgob 0o$rnqggbrb 6r0p36o03
S3螺 ob喝、 5〜
Ⅲ
ocw 6黎 bb6'
60
SrCOcl6o Er6rJo6obCb('r. gJo633q,glr ger3q,ols, rgl_t6o66s3or $q,otr 6s60s3qxnbrtso
gg6obggq,o tsgEeit3qSbob E6ots363qer3s6o 9r6qrr, 336dop, g6bergqo
3oboocr6Cbob
6.:oqr36ob.r 55.3 J6r636gocn 6robr6qr.r. g36nb6gq,o E30olr.:3q,gbolr bdrqrlb tsXqp36re
lt3,>q,g6rn brbr6bg g6bog6o 3rqggob Oo$oqr3b.r
0911169
6,:6tr.:3g<nr6gboor
6r6r6lq,go
Srbqr.r oSrqtobr6g8o. 6r6qrs r8ob.:, 6rlrgq,o $q,ob g.:6Es3q,o6stso b,:bs6bX ggbog6o
grq,UOoU 6o$oq5b.>i[ 6.r3q,g6rb rbeC6er ob3oro g6rq:o6o3q,o r6bC6o, 6r,r6er6og,>r
g6ber36o Jo6qr.rJo6o o63gl-rgo6o3bo er tsUq,rq'o 6br36oqgbo. brnq,o
Sq,g0ob
6r60,:3q,r'rb.rBo ggboS6o 3sqggob 0o$erp3b,rbX rbSg 06o636gq,rn3,s6 5s3q36rU rbq66lr
r6r6C9toq.oC6oC0ob qr3Joboggbob 9r6C9.:. 2012
$q,olr 6.>6Er3q>rob.:tso .r6lr63boqr36ggbob
pS.Irbo$3bo 250 Eq,6 r&) qrnq,r6$3 aC$re Arobr6er.
$qrob Ar$ar3q,lmArflo g6bcrg6
Arq,tUOrl5C 0rnorbm36rb gEorr363tr.rqr o0Jc.r6gbg Eocnbrn36r ArbrJo6ob3ber. ]r6bo
Sr3rqrgbolr Ar63qlool 3g6bbg Arerlr6bCb3q,o b3gt3q,36ob .:qEr.rgb36otr Eogrboor
g6er36gqo br63o Jg6oerq6q,,:qr g6goqr.r Ur3rq:ggrn 6ri:r61r3 br3rq,u6r'r rgj6oo6Sbol-r
0gts3ynbocn, bsqgr6 36el363q,8s br63E.r
Xra36rq, 220 Aqr6 rAts (rclq,r6o tsgodo6r qgr 65
0q6 stsil qrrqrr6o brgo(rJ.
,:tsB qx'rqrrr6ob Eo0l6o qrr6olr
6s63q,ooro 3g6bo[ l5tsglqr6 boqnqr3 2012 $qro[
Ar6Ar3q,r.rbr0o 1.5513 q,s6b bJ3$oq,er. 2012 $3q,lr l_r.r6grq,9 gq,og6o Ar63q,ooo
3g6bo $o6r g3qcnu6 ts3p.:630oo 2.06 J6r,r6g6goor 6s0g.:6qr.: (1.6860-er6 1.6513_aq[),
b<nq,r'r $q,olr brnqmtr 6r'r6rgSEoor
6r63q,ooro 3p6bo 0.81 J6r13g6gocn 6.r0gr6qr (1.670!
q.or6 1.6567-0q3).
p60.:3q,nbstso
b.rjs6or3Xqr.rlr 3r6o36gq,o b.r63o gre3Sq,qrqn36re
$qob
rfuXgfubqt q'r6oU rn3ogorql36 6rg3q,oor 3g6b3bb, 6o0q,3bog .Aqry0a366ob, lt3r$6o
ttob63E.:Eo 6t63orBo6oLo Ar6o6CbCbob Lrtsgrq,r,r tsg$o6oq, EsB3p63bgq,L
$,:60orq96X6b.
珈 獅 ｍ ｍ ｍ 蜘
qror66rE.l N 2.17 qrs6olr ogo6o,:q,36o 5.:g3q,ooro
3g6lm rBE qrerq,.:6o! 0o0t6or
000
$.o.rs.i*
N.tP N "S .rP
$gr6er: brjs6or3Sq',olr X6o363q,o 0r63o
2012 $q,ob 6r68rgq,rnbrtso br3grb363br qrrgojlro6qr.: r6r.r6err66 q,rr6otl 6erEo6sq,g6o,
rl-1336 63sqg6o gggj6g6o 656gq,oo;o
3g6bgbob OobXqr3oor. qr.:6olr 6r.r0o6rq,g6o
CACCOUF,o br63q,ocr,o 3g6h 0.9 JSogg6goor, br'rq,rr 6p.:q,p6o gg3jggr5o 6r6gq,oolo
396llo 4.9 J6r6g6goor ArUBrbU6CgJ. 6g,>qg6o Ar63q,,oolo 3g6trob 6rnEo6.>qC695C
3g6er 03grq9 6.>3grlrg63bs Ar6Jo6obCb3q,o.r oEoor, 6r.10 $qrol.r Ar$Argq,r1brflo
brjr6orpq,mlr do6oor,sqr l-r.r3.:]6er J,:6g5ocr6 jmg63bBo 396r.r O.:q.:q,o o6gq,,r6or
go jLo6p3brnqr.>, 3oq.o63 brj.)6ol3gqrr'r8o.
´０
gbSoqo N 2.1 63oq3t6o g9g16g6o 6r6gqroon 3g6lrotr $q,og6o g3qnqr3b 2012
6rnAcr65ql.,J6o
6g.rq136o
336ttob
g3qnq,gb.r, %
J.36botr
33q{lq'CbJ, %
n」 ●び Ю65030‑砂
SBg.qn
REER-to, %
‑09
49
oU6.JCcDo
4.2
g36oto6.:
07
110
‐
27
e]6106r
01
lrcr&3om
6.O
13
01
5UA
00
‑07
4.9
‑05
‑02
t6gltgoro
-2.2
‑30
‑95
sbn6Orcrx16o
‑02
12
-o.2
-5.2
‑05
p.l6$836o
-0.1
-0.2
$gl6rn: bljs6ro13Sq,rntr g6rn36pq,o 0.r63o
qnrA6rar N 2.18 qrr6ob 53tq-36o qrs 6rn6obrql3t6o 99glg36o 6,r63qooro 3g6lrgbotr
o6q&Itg0o (A"$. 2003: I 00)
150
740
130
120
110
100
３９
Ｓ︐
∞ρ０
Ｎ︼︲
Ｎ︼︲
０
つ０
で
﹁■８ ３
︹
メ¨
の
︻︲
︻ＴＣつの
︒
０﹁︲のα
∞ゃ０
一︼︐
０﹁Ｃη
⊇ソッ﹀
いＯＬ
Φρｏ
い０︲
い０︐
Ｃつｏ
つ００
υ
∞ｏ︐
∞︒●
∞０︲
∞０・
Ｃつｏ
卜ＯＬ ﹀
︐︐
０︒の
卜０︲
卜Ｏ Ｃつの
っ︒ｇ
り０︲
Φ゛ａ
ｏＯ︐
つ０︐
Ｃつｏ
いＯＬ要マッ﹀
ｏ
いＯＬッ︺
い０︐
Ｃつ０
つ ﹀
一ｏＬ
︐
∞゛ｏ
マ０︐
Ｃつ０
ヾＯｔ
⊇ソレ︶
００Ｌ
90
CBCCOU6o 6r63q'ocrn JC6,Uo
-trtCrC16o
6oao6rq,U6,o ggg}jg6o Sryq,oorl m6uo
-
Sgs6t'r: lt: j.>6co39q,r'rb X6o36gq,o br53o
b.:Axtot >fu 6oba rfu batfgeAob Au6oryt
Lrjs6o63q,rnb 36tn36gq,o br63ob J6oo6oOCOtr 2012 $gq,b rqr6 $r609rq6gbqrr
brg6ors8rn6olrrn 66$g6g6ob qps66<n3Cbr, r6r8gqr 0obo q.oo6ob brbg633q, 6o66ggfrg
tsg6r6Bgbgbr. 0CeCb"qp, 2012 $qrob 3l q.ogg006oU 0qr6r'r6,>63o6oor lrjs6orgXq,r.rlr
C6r,OBCql" 0163olr lsg6or,:0rn6olrr.r 6gb363gboU 0q3gq,rn6,:0 2.87 6q,6q9 r8il eoqlr6o
(6gCm6mbob 0orq'or6o 0e6gq,rnbr 0r'ro61311 0r6C aC6C6l6ob,>or3olr (fllrogq,ogr b.r63o)
lt0s6ot3rqr 6rAr0dgql ors6fublt6) Bgrqr6o6r. 2011 $qob s6sqn6og6 0r,r6rgX0ors6
E3qrst63boor (2.82 Aq,6q, r6tl qxrq.>6o), 2012 $gq,b lr,>96orrtsr.rr6oUg 63S36gbob
Emggq,rnbr 6rob.r6qr> 54.7 8q6 rAA q,oq,r6oor, 6.16 J6q3X6ggE, 6raobrbgq,Cb.:tso 1.9
J6qp6gb tsgrq966tr.
62
ｍ
ｃＣ Ｆ ｙ Ｃ
︒
︒
５
Qor66rar N 2.19 r.rgo0orq)U6o br6Ci5C63o rd$o3Xbo ($q,ob boqcr 0rB66gb3q,o)
Ⅷ
ｍ
︶ｐ一カ ｏレ ﹀ｏ
勁
■997 1998 19992000200■
20022003 2004 2005 20062007200820092010 20112012
$gs6o: Ilr js6or33qroll 36cr36gqro b.>63o
l-tjs6r43q,r'rb 36rn36gq,o br63o[-r br36ors0r'r6obrn 63tg6pbotr 0r,6gqx.rbo[
O3qloq,CbrlbC 2012 $q,ob ar6Ar3q,r'lbr8o g6rqrogogq,sqr r6r0qg6oE3 do6oorsqro
BrCOrr6o Ernj0gqpbqr.:: b:j.r6or3gq,r'rlr g6o36gq,o b.r63olr br3rql3gcr .r1f6oo63bo,
Ll j.rt6cn3gq,r.rb Ecns36rnbolr b,:61Xbo qr.t lr.:g6orrtso6olrr.r o66.r6oics6og6oqr6 Ooq3bgq,o
J6CeoOCbo qrr 66.r66gbo. $q,ob 6s60.r3gr.rbltso b.:3rq,g6o .rgj6oro63boor C6mg6uq,o
br63ob $ao6qrr tsglrgoq.o3gbar 155 0q,5 rtsB e(nq,J6o tsgrqg6o6.r. br6qrJ sb69
A565Jo6obr
figg5ob Eog6 lrsg6or.:tsrn6obrn lrsgo6.:6brn o65.>6o9r.r6ogboqt6 eJ qrrn5m6o
U:bgq6$ogrn36oerb AoqCbUq,Os bgl-rb36E,: qr 65s6g3b0s, arfltso 300 0q6 r0B qr<nq,.>6o.
b6oq,o N 2.2 brdr6oral
U:,t・
':3:
a̲55o
̲
2009
2010
2011
24
48
44
42
119
153
2008
漁 漱 蹴 肺 6づ %強 妙
し。JD6(PDbS∞
醐秘
52望 理型 。もてメらJ。6じ 00M60)b卿 …
つ
も
Jb"。 6
gr6oxr ggqrorrS M2
Uckru6o AJq-JOno, 6r5s,r3bCbflq, qlr&r$o(1116d,rb
´中
山 η Ъ´ψ
724
223
laO ttaぐ
"̲)
r77
108
0tr.fgfB,rqnrb lrJbld,Co 3rq,orJb
Oo055o
2012
:
2,tto
2,264
2,818
$gr6er: brjr6or3Sqrcrlr 36eg$gq,o b.i63o
1,,180
lrsjr6oS3q'nL mgo6osq,g6o lrsg6ortsrn6olrr 63%g633bolr err6C Ub3rqrrlib3.:
E3grb3bgboor b.rors6.rqrr.t br6r63rn 0qr66rqxnbob gb6p633q,gogobo6oli. 6r,16r.169
gb6oq,o N 2.2 6oB3X63blr, 0orq,o.r6o l-rr36cnr6or6oLr.r 6gbg63gbotr gr6eobr gr6orr
BUE 0)56, UGbclg6o 3rq,UOocD Ar6or3bCbUq, qr3&esoggbcnrb q)r aoJq,Careor6
3rq,cDr6 100 J6q3g6$ob 0rbq,o\x'rbstos, 6,:9 0os6ots63b! brg6orrtsr.r6otro 63S36330otl
br30r6olt per63b. ,:bg3g E6oB36gqer3r6o 3cr3go6o36gor Ecnq,or6o lsX6orr8o6olrer
6gb3633boL Br6etnAr ol3ob oaJo66or6. brC6ortsr'rt6otro bs3rqrggm gobqroLr
ts3grl-l3b3bocn, It36orr0rn6obr.r 6gt36g6oU qro6g ocn3q,3br 6p6r6rqr qxn63q.o, o133o 0olro
ts3gr6p3b.r oSoU o0Jo6got6 3-.bg 0ggos. b,:j;6o59q,obor3ob .>q6ots6gqro 8rtsg63b3q,o
2012 Sqrott 6rnq,oLor3olr 3.8-| ts3rqg636qgr.
2012 $q,olt br6ar3q,mbrBo 3oq.o6 gg6<n brdq,oC6er 2008 $3qb er$gCbuq,o
Bo6r6bu6o 36olroUo, 6rbrg g36er'bo6ob j33g6gbtso golr3.rqg6o 36o%obob 0do03
tsgqgX53bo er3aror. Ebrngq,or.rl-r $rEg3r6o 0C6O6rq,C6o b;633bo, Ar6brJUor6C6ocr, Jo
.:Eg6o3ob g3q.o36rqg6o bs6gb363o bolr6SEr qrr g36rn3ol-r g36g6,:q,36o b.r63o
Ar6r66dslbe6Cb CJnb{qaoJot, b6o0gq,ot5gbob Jerqrogo3.:lr, 6s6 qrrflr696oo161 rCOogCboU
103
63
Bgdg6oor guqlreo OsboL b6qrrtso er b$6mOC6Orn Ar6r3gColCbob qr$rq, 6ots6gq,9eg
tsg6r6Bg63brtso 6rdmobqJ3brnqrs. l-rOgt6dfuonb br3.>q,rn 36obolrE.r er brAoUXrOm
J6obq,g0gbEr 336oien6olr ougor fuXgfub8o, 6rn6o63bogrr Cl_,Jr6Coo, Jo6gggrqnr,
oorq,oJ et o6qr,>6qro.r r6l-t36oor,sqr tsgr6go,> o633t-r$c'r63bob Eqrrnbr 336o8o
q36rT 0o6o6gbgq,o rCoo3obotr 0o816or. [r.>6gogo66o JoaJr6oC6ob Eo36 8r'rbqrr ol-rg3X
t6r'r6r'r6g Ugg636gq,o 69ogo6pbob, rb33g br633boli 6r6dgq6.rqros6o 63ogo66gbotr
ts386o6gbs. lrs36gqrogm 6ol-r3g6oU le6qolr go6bC Jo(gCA gg6er 6ogq,o ArbqrJ
bsbb6gbot-r gt-rsg6orboqr AJEcDr3bCAJ, 6sobt6qrr 0erobrn36r o0 grlror6 j,:q,:q,qg36$g,
6xn0ggbo6 UE6r'r C.orbrq,6ol-r3o,>6sqr oj6s EoB$gr3q,o er ACbrbraobrer 3op33 g96o
BX06o6qrr E.ron ts30rnlrs3gos6obr. 2012 $q,olr 6r60s3q,rnbr8o qrrgojlro6e)r ACAobBCACbo,
6r'lqr3l-r.r6 rlrgon goJolr Brborb CrqrE q3bL, L:g6or$o6obrn brb636%C brrB6ero)
Ur6go8ooo a3arnbr3q,orberbob 0$gfu63q,o (616. 6X66r6oob, 3oq,.:6qnolr.> qrr go63orob
<'r\n64ogble$. A16qp'r BJror6o jsqrq,q6botr.>, 6g6q)og6o ts30r'rbt3q,o$oboor
brlnsoryrg6oq636 366rntso qr36rn0o6o6gbgq,o ltbs63ro qpCJsrlbog30o6, 616 ors3ob 0b6o3
2012 $qob ogq,ob0o 336rnJol-r 66g6rq,g6ro br63ob 0bt6oqrs6 lsp3Jerbogo b566JACoob
(ECB Deposit Facility) 0 JfFrGSEOraAC ACAOo6C6ool robbbCbr. r0,rb ts3bsOrOob.re
Ararno$Aor
br6gb0og
q,o33oq65o
brbt-r6gbob
qr.:66o33br
qrs
Esoro
Eb6oqrr6
3o0g6gogq,
336o8o
qgilrn$oggbott Eop3bs'b3 lrg63oqotr r6jo6.:. .>p6ots6gqr Jot6r.r636Eo brjr6oSgq',rnb
g6<n36gq,o b,r63ob lrro63gboo6oo Joq,o$o3.: 33q,r3o6qgCbg6.lp 3er6tr363r6ouqlo er
It,>36Xqngrn 6ob3gbol-r 0966o€r30sb3 er6og66o6Xbgq'o ogo. brCr6cD3gq,ob 36rn363q,o
br63ob bsS6orstso6otlo 6g%g6ggbo 6r6ot3lrgbgq,o ogrn ,>E&{, r3trg6rq,oolr qr,:
X3&elrgr6olr fuXg63bob bbgq,O$ogr.r qt bgJ6s6r6oo6sqg6o b.rgo6.r6bo o6bOoOUOCbob
8rqrq,q,o33oqrg6 9,:lro16 jrprqrqrSbBo er arqrq,o br36gqrogo 6gogo66ob Sjo6g
ls36ottser6obr.r brbr63r'r er$CtJJb3qlCb3btto. 2012 $q,ob 3r68r3q,cebrtso [rjr6or33q,gb
36er36gq,o b.r63ob lr.rg6orstscnt6obn 6glr363gbob Er6o6oqr$ 0opgbgqrO.r 030r.rls3qrgb0s
29.1 8q,6 q,r6o ACr('4o6,:, 6sg Lsg6orr8rn6olrrn 6rbt630b3 r6lrSbgq,o r6rlr.rbr6boXq,r'r
Jo6xnbCboL 146r3ql36oor 2011 $gq,L 0oqgbpq, ts3Ernbr3q3bb3 10.1 J6c6g6goor
6r3q,3bos. oEr3qr6rn3q,rqr, brjr6o63q,r.rb 36r'r369q,8.: bs63E.> E3.ragot6r s6 br36orrqr
tsC$ggo$r orr6b3bol-t ofuXtt6ot6g0.: ob3or jgg63b0o, t6cr0gq,or.: 363qrog36.:6o.:6ob,:
BotrJrq,,U6o J6oleoboU gr.r6'bg, org6qr.r6 0go63qroor, 3oorb3olr 6oE6oL j33ts esq.o6r.
2012 $gq,b brjr6or3Xqrgrt-r C6.abuq., bs63o 6s6r66dobqrs or.:6.:0ts6r'r0q,obrtl
6bogq:oo br63orr6 bg3Xt535gq,o ofu3b6o6o3bolr Js6g6o66r'rbotr J6rng6r0olr
Br6EqlCbEo, 6oEq,oU $66o9 2009 $3q,b 5rbqgr. rq6ots6gqo J6rn66.r0otr br666dqro3rnbr
ls8 S3q,o$rqgb 03sqg6g6b q)r oao ocDgrq,olr$o63bL brg6cnt6rn6obcn 6r3b3633boli 0r6cr6olr
Itg36rnb ts30qr5r'r3o 6s63oorr63bob 0ob6oo g3j6o3gr6o 0br6q9s]36ot-r .lq6oB36sb,
C6(DgECq) b.:63tso tsgbsbraolro obB6rt O6CCg36oL ASAbobr qrr 6oq6ob q9.:66rn3g6ob
3gorboor. J6erg6r0r 0rno6t3b Jo66ggq,obr qrs 6olr33bob 0.:6sgob, .r65.r6oflb$r'r6gbob,
bgqsq,96gq,o rq6o6b3otr, l-rrEs6oq,gbt6q qr.: lrso6ge60.r0osr Oftl6erq,rt6oCbob
bgg6og06o Obmgq,or.r bs63ob 0o96 br3gors6o 6r0e6qnqrgbob 6,>tror63brl_r 36r,r36gq,o
6r63oLror3olr. J6r.r66s0ob Br6bqlCbtso 6r6bo60oCq,er ,:jgop6otr tr66.:636ogq,o
6r6r$oqlC6ob lrsEgts.>rn36o, ts3o6B.r 5q,erbsq,g6o jltloxrqrorEo, 6,:6olr,:irq36l 63b363gbotr
0.16o13:8o rb.rq,o Eoqr6er8gbobr qrr o6bg63AgSggbotr COrJo66o3o 6rEerg36gbob g360r qr:
qrro$go Eobo J6sjgo33q',o 6r6bo5GoCqr3br. J6rn6r6rdotr Eo0qn6s63obol_r.rlr 3t5er353qxr
6.>63ob 836 doq$ggq,o J6rn66gbo 0trogq',oer bs630; 916or-96o ltg3gor3trr Es6,rq,oorrqr
tsg.rg.sUr. gmACqoSC 'bg0r.rrg6ots6gqolr 6.>or3rq,olr$o636oor l5jt6cn33q,erU
3r6r,r36gq,O.:
Bs630s 6rn.lbqro6.l .iq6o663qro J6o56.r6ob 1
$qrob 3rqnco b5bsb66dq,o3Cbr.
3 b$$3obg[ru6o
3.1 3rJoO":q,oU rq133$U&obob
lrrCr6orrBor6cih b6r6q'r6$Cbor:6 qr,>\r,rggbr
2012 $q"1, 6s60s3qobrtso tr3b-0s tsgoO3tss3r JrJo$rq,otr rpX4rggr6r.r6ob
6.:6sbqgbgq,o q.og63q,3b.:, 6r.rEgqo6 3ggd63bs brbr63o bgq.orEbge33q,o0ob brbSq,ob
JoAoOCOol, ,,brb3q> Il-olr.:" qrs ,,brlqq, III-olr" qgo3gEg$ggbb. 6s6rbqgbgqro 0oqr6o0r
Uts6et aCOr(, oj6gbr 0o669bpqo 3o0g66ogqo 6r63gbotr 6olr3ob J6ergogt3.
Eglrsbr0olrsqr, 03go bs9cXqr8bCqggCqlm JrJo$rq,o 0ogobrn3g6,:or ggr6cr Osqrq,o 6ob3ob
Es6r6gbgq, sj6o3ob36ao Brr6orgq, 3m0366ogq, 6s63gblr. 3sJog.:q,ob .:q83sgg&n6ob
6r6rbq36gqo 8.r6Brn ts3qr65br 0g6qrg6o do6oorrqgo 3o6Jo696g3bolrs6.r5:
o "3oq,.r6 I-ob' b$rber6$obC03q,o Eoqr6r.r0.:, 6rn03qo6 63q,obb6obtr
b$r6q.or6gol5gbgq,o go68gq,oor 3er0X66ogq,o bs633bo[ 6o316 Eo6o0,:q,36o
brt3qrrdb3q6gq,o JrJo6rqa1l, A666s6ots3brlr;
e -Joqrr6 II-o', 6o0Erolr BJ6bqlCbAo 3rn8g66ogq,o bl63o Lr33orr6o 6o113ol_r
J6rngoq,otr 6ror3.rgolrSo6gboor s3Xorg6lr 0obo6ob ar$C6orq,U6o 6ob3Xbob
op36gogogo63brb.: qr.: oor3qrol-r bslo6rn JJJ6OrE ob 6qr36obsl_r. ,,6oqrr
JrJo$rq,ob rq)CJBrOU6mAob tsggstrgbol_r J6rn63bo" BrtreCbr ,,bstrXqtEb3q6gq,r.r
.
6s6troq,3olrs qrr ts3grt_r3bolr J6o63lrob" tsr66q,Cbtso;
,,Joq,r6 III-o', 6oE3qog r696gqro6gbb 3odg66ogq,o br633bol_r 6o36 6ot_r33bolr
ts3brfu6 E6ots36gq,n3r6o 6loqr36<nb6c4o ol3 br6oLbo66o3o oEgor6dsgoolr
Ar8}3o63rqobob ggl_rgbb.
IUIII-otr" .Joq,s6 I-olr" gsr65q,36Bo 3e€366ogq,o br633bol.r Eo36 0o6o8.rqrg6o
"bl'bgq,
brlrgqgs8b3qgpq,m JsJo$rq,otJ 6.:r66r6ots3bt 6o6o doEs6orgq,Sboor g3qoL s6b3bgq,
JrJoorq,ob spa s6gr6obob tssr6Bolr. E3brdq3b3q,o,: rqo6otsErnlr 030q6o
E6o6363q,r.r316o ggqroq,g63bo:
06ots363qcr36sqr oggqgb.r JrJo$rq,ot, o6LO6,CAC6OCbob
6r60r6gg6s, 6rn0q,36og
Erbboq,Uq,o Ubq,: oj6,:lr bs9rgqg.r0b3p3gq,r'r 3r3ogrq,o! 6s$oq,.rqr. org ,:6[3bgqro
B.>6Bob gr66q,gb8o lr,:9r3qrsEbCqggCqo
JrJo$rqltso Brdor3ol_r,:o6olr UU6rCgqSbr
CCGC.cgr o6bg6g036gol-r bgqrq,g6gq, Cgrt.,rbCql3brtr, 6r6rbq,3b3qro ,brtrXq, III-
'b3" q.o,rggdfubgqo Jt5o66oJo 6gq,o[b0r'rbL obli66ga3669$ob ts3grlr3b.:l_r
3re6363ggq,o l-rs35orr 3r6og36og6gbob Eobgqr3oor. .ltr3o36tr ts3odqgbr
0oggor363boqrgb AJeos&nbJborr6, lrgbrn6qro6rgo.>lrors6, qro3oqr36pXbotr
g,:qrrbqnb 3rq,q.ogbgql36JJolr6, 6.:6ercnbo3olr Jo6rnb3borr6, brJ6m6g6$o
6r6s33gomtr ErgXbslror.r6 qrs3,:38o6gbgq,o er bb3r J6oo3r6og0gbo;
6ob3olr SobSqp3oor 0g$r.r6oq,o rCOoBCboL Arr60r6otsCboLror3ob tsgbrdq3b3q,o
bqgbr rqor6gbgqo br6gogo66r'r 3o8Jr6og6oU 0o916 Oo5olgbggo 63ogo66gbob
6.:0r.199696.:;
trb3sqrstrb3.r J6ryC.o36gogq,o 0erorbrn36g6ob qr,>30tgogoq,3botr Bg0orbg3.rtso
tsgLsdq3bgqo bqrgbs br6rqxr qrs gd6r3o jo656oor gtr6g6g3q,gogoq,o lrgbbSbob
759o qrr 35% 6ob3olr $o63boor ts3$rn63r;
3oE366o3qr b.163361-r brlcAqrs0b3qg33q,rn JrJoorq,o Ecrgorbrr3gbror [rgrJ36rgo9
6oL3ob:cn3olr (s6lr3b3qro qpb3qrgbob5s6 Ar6bb3r3Cboo);
3r.rE366ogqr 0.:6p0b ts3gdq,36ror br36Sqrogrn 6otr3ol_r aooobr3oob
6.:or3.:qol-t$o63br t6olr3oli SobSqr3oor 63$o6oq,o 6o113ol: Jobo6o3bol-r
Arr66r6otsCbob Aob63bobror3olr.
brbgq,oli Br6Bmcrro 6ror3rqrob$o636gqro dgorbrn3Sgbolr6rb 6r$l-rb3s33boor
J6pq366o3q',o 0ob63boL,rco3ob drq,rtso 33q,.r3 6Bgbr 6.:63qrooo 3p6[ob g3q,oq16oor
65
6s0er$3ggq,o b$6CqnOr'l 6ob3otr.:o6ot-r qrr8r6g0ocno 3rJoosq,ob 0reorbcr36r ,Joqrrr6 I-
olr' SJ66qCbtu. ory86.>, 6s6$q,36gq,o ACAUq,Cbcrol Uts6r.r 3o63tfuggqrq
A56ob5be36t ory 6rn01q, rjgo3gbtg 3663q,pgb,: .:bXcno 6o113o er r6tr3b3q,,
q.ogbgq,Cb$o.)6 tsgq.o.)6C0ocD 6o6o b3bbgbo sbgon 6oob3olr Oob3qr3ocn tsg$o63sb rqr6
q9.tfibg0q,96rfubr. o0 ts30o6g3r8o, crrg 3o8g66ogqo 0,:63Xbob 0o66 tsoqrr 3rJogrq,otr
0ggrbgbob Jt6rng6bo reCJgr$U6reo groor3,>qob$o636b 6r'6X0gq, qr bb3r 6otr35bb, b3b-o
Em0rgrq,Eo .Joq's6 I-ob" &norbmgbgb8o 0ogg0gq,o 6o113o11 3s6g6o6ool-r 0o0s6or
&no$er3636lt d6otsg6gq,<n36rqr 0gs0bgbgfi$b.
.Joq,r6 II-ob' 0r.rorber36X0ob E3brbr0ottqg, 3oa366ogq,o 6r6p6o Arqs.o0bUqo
oj6g6o.:6 qr.roo6rq>er6 eJAJOCbooo JJJoOrq,o (.Joq,s6 l-oor" 6ror3rq,ob$o63bgq,ott
%g0oor), 6o03q,og brlo6cu Osom br63olrsor3ol-r E6o8g6gq,o3r6o 6oL3gbolr Jogg6gog6o
0sgg6osq,obs6oob ts38oi3g3rBo br6rq,olr qrgr63obscn3ob. rtl0or qrs0.r636oor Sob3Xbb
E3ttdql0gq,or ao8go66g&nq,cb 3rn66gQ)6rgoolr, 6gJ3g':6oob, brJen6xS6r'r
As6sJBCcDobr qt bb3r 6ob3gbo. rlrSoro 6ob3gbob qr.:cn3qrobor3oU 3o0366o3q,o b.:54bob
Eo36 6.:0erg69b3q,o 0gcnoq3bo er6rJ8rgrnBoq,3bgq,o g6qrr ogrnlr Ugb-obrcn3olr. 0ror
tsggsbgb,:lr bgb-o ,:bot66o3qr36b ,,br'bgq, IIlIII-oor" 6.r6lr,rlcq36rgqo ,,tr,:9cXq9r8b3q63q,o
Ar6boq,gobr qgs ts3g.rbgbolr Jt6r63bob' gs66q,3btso. 3b gs6rb363q,o 3o orr3olr 0b6o3
oj6gbr tr36-ob 6ob336ob ts3grb3bob lr,>36ox'r tJotloCaob 6.>$oq,o, b36-otr 0b6oqr.:6
6r'r6ogot6o66tr qr.>gbgaq.o3b,)63bs 3re0g6gogq'o 016390olr t6ob3g0olt 6r6or3obr qrr 0ron
6ufurt6o0g6ob J6oggbo, 6xn03q,b3 q.osg6qp&lbocDr6 6ro.:66r6o8gbr ooolrnCuqlo
6r63obro6ob bsJo6rn obqr6oqr-jqfltr:o 3,>Jo$rqrob 0oorbrn36r.
"Joq,r6 III-ob' gs66qp60o 3oEgt6gopqro bs6356o 3rq,qgbgq,o oj63boo6 br2gr6r'r
AJbres)E lrs36orstso6olro bOD6A)6OCbocr, uqo,>t636gq,o 06ots363q,o3r6o 6sgrq66ob6o3o
cn3 bs6olrbob6o3o o6go68s6or Oson 6ob33bob d3bsb3b.
llggdrsqa.l&nr, 6rnd b.rjs6cr6Xqcr0o 3sJoQcqrolr, 6ergrn66 opg6rnb,:, rtlgp bs6obbo,
rbsq, B,>6Bertr3 6rqrrl-t3q,obsor3ott bs3b3boor lt30s6olror. rtrCAC 66o036gq,rn3r5or
3<'r6g66o3q,36o 03g3t6ob J6rj6o3gq,o 6s0ogg63boU 0b5o3 UJ3C r6bXbgqro
ArAr.r3q)oq,Cbr, 619 6erq,r'r $q3bBo bt3rq136cr t6otr3oU $rr6oU 63q,oq,3696tso 6r0oobrgr.
.rEs33 6o6.r6or3q,gboor .r66g036gos Us3,>]6cnqr gq,c'rboq,o grtro,rbo jrq,rq,qr3bob
Jm6orgSq,ob brqrygobgrqr Jt6rj$o3gqr,>q.o s6 r6b3bobt. r0rbors6, ,,Joq,r6 II-ob"
U6gq,grngoq,o qr.:63663.: lrs3O.roqr 06ots363q,o3rb b.r0gtsro5bcnr6 oj6g6.:
qs3s38o636gq,o, 6o5re66 b.:63Xbob, .:b933 lsbr63er $3qrsEbgqr33q,mbob 0b6o3.
b3b-o 3rn0gt66ogq,o br63gbobr6r6 5r6qrr0r3rq, COTJ$C Eeroorbo3tr JTJoOJE otJ
rqXprgg6rnbolr, 6o6r.166 s6b3bgq,, sbCaC, grbrbq',CbfE', qggbgq,3bsl-rorsb
03b,:bsEoLobrlr. lrsqp3oberqr ,:drge3qo ggg8oor, 2013 $3q,b 3r'rE36gogq,E.: bs633b0r
qrm63s6 6t6sbq,gbgqo e)r .:6L3bgq,o qggbgqgbob Eooftr'r36gboor
U fur
6r6bJlcqts63q'o 3rJogsqob reClgro36rnbob 3rn3go6og6gg0o t-r63q,rqr, 201a ggq,b
r6ltXbgqnb 95 J6r.r636go, 2015 S3qb 90 36qp6go, brnq,rn 2016 g3q,b 80 J6r4g6go,
Egb$sOobrqr.
3.2 b,:bs63m bA|6rnt6ob ttub3gbo
3.2.
1 0gqabXq,a\olt b[fcajega.;
2012 $q,ob 31 qap0bdnb 0qr6r'rEs63rnboo lrsjs6or33q,r'rb ttb.r63o bCdOoSAo
g36j6orn6o636er 19 Ar6Jo. r6;63bopg6go 09bl33<n6g0ob Eo6.s$oqXrnb.: br63gbob
l-tllj6oo JsJoO5q,Ao E349afq.o.: 89 J6qp6gb. 2012 $3qir t-rs j.r6o33q,9tr l-r.rbr63rn
bCCOr'r6b qrrg0.l6.l bt-r "og6jgonlr ots br63ol,r blorS0ol-r goq,ouq,o", berq,o b.rbr6o qrsgr.r3.>
tir.3oB 3lt 6o bo b.rj.r6or33q,o0." 2013 $3q,tr rb6X 3.:og.r q,og36%os .i%36broa.r63q,o ,,Jrtsr
bl63ol-t" ts3oq,r.rboq, b,r63%3 bb ,,Jl6r br63 b:jr6or33q,mb3." 6bb3oq,o b.r36orrtsm6obo org
6g6oe6gq,o o6gCb$rl6Cbob s6lrgbr.rbotr 5.ror3rq,ob$o6gboor, lsbs63rn b$6o6o 6q,,:3
ls3O.roqr dq,og6o rjgoer6X6g6oou $.r60oqr6g6oq,o.
3.2.2 b4fuqq)a 6o14o
2012 $3q,o ltbt63o bob6g6ol-ror3ol-r q.or363qngg0ob 3goboor gboEog6sqr rjgog6o
ogo. Jo6gg3q,ott E6ots363q,r'r3r6o b6qrs qtgojlro6qrs b.rgbgq,olr or3g3bflo. 0orq,or6o
LgbbSbotr a,r0g68t 0stsg6363qr8r 2012 $q,ob bnq,tnlrsor3otr 6ca6rq9 Eretslr6bs
636gboob Cgr$gCbrAeC s6l-t3bgqr Erl3gqob.rb e'r 8.7 Aoq,lor6cgo qrdm ts3rqr6o6,r. 2012
$q,olr 6r60.:3q,crbr0o lrsb.:63r'r lrolrggaob b.r36Xqrrger Jo6ggXqo gojlro6Sbpq,o 3g6boor
2011 $3q,or6 tsXqrr6gbocn 13.5 J6r'rgC6goor 6robr6qr. g0o6qr B.rEer$36oq,o bXbbg0otr
CECCOoL 6m3sq,oL$o69boor 3o Jrn6gg3q,ob'b6qr.>6 15.8 J6e636go tsg,rq6o6r.
qnr36.:Es N 3.1 Eorq,o.r6o ltbgbber Jrn6gggqolr (n6raoJr
孟
、
8,lXXJ
6.lXXl
4,α Ю
2,lXXl
0
(t rbrq'inx'r)
-brtbcDo
0rcoiq,rsx,, 12.2m5 gqrtu SGJxr6cb3qn Juffx,o,
-bcLhdy,
$916o: bsjr6o33q,tnb X6og$gq,o b.r63o
b36036gXbob ]6oqtso botroCAob b.:36gqngo Jr.rr6gg3qtso g3CqlribC
eoeo $oqlocr,
$.>68r'rqrp6oq,o.r 3rnt6Jo6rgogqn Jrn6gg3qo, 41 Jr6r.r6566oo. Urgrq,rn Jo6gggqro 39
JErer1;XEgU, brnq,n 06o6g q,s brBurq,lrD bobfub Jr.r6gg3go 20 J6er636gU ts3rq.q96L. 2012
$qolr 0r6doqrb3, 6er6o6g Jt5re636ggqrq.o, rL3g3 or.r6br.r6r6o3rqr, g33q,.rb3 qroqro .b6qrr
qr.rgojbo6qrr br6.lq,<n tr3bb36ob Jo6gg3q,tso, Osb Ornbqr33b 06o63 qrr [rflg.rq,r,r
6ot63Uobr qs 3o6Jrn6.:gogq,o bgLb3bob Jo6gggq,o.
2012 $q,ob 3o6pq, 6sb33.:6tso boU630ob brb3lrtro Jor66ggq,ob g56qrs orr6.:b.:6o ogo,
6m6rn66 3o6Jrn6tgo3q, er AGo6C qrr L.>Egrq,r'r, rb333 br6sq,r,r b3Ub36oL Eb6o3. 2012
$q,ob 03er63 6.>bg36oqr,:6 Or'rbpr Lr363qo6r.r Jr.r66g3q,ob ,b6qrob ts90go6gbr, 619
bgbbXbbX 0oorbo36otr 06oB36Xqrn3r6o JqlCbotr, o5m AJ6Jo6obCbUq,o qgr bo%6CL
bgl$3boL 6r$oq,Eo sobrbr. 0g3or6rqg E30go6qrs tto633lr6o6oo J6oCdOCAob
qr.rgoErbbgbr. Jlgp 6r3q,3bo oger b.lb6rgbt3 J$oOrq,9oC 0oorbm36r, 616 lrSbo6gr5o
Brd$r,6Cbolr 5scn3rq,o$o6g6oor 6,:6lr,s33or6gboor gBgCUq,- e,r oArE tsobr6Sao
$obrLrsbrq$q,re JX6oopBo og<'r. lr$o63qr Ornorbor3Sob qr.r .1161 Oo$oqggbol_r tso3b
re.rlr$fl6Cbl, bgbtrob EobsqSbsqr ts30r'rgs6oqro 6rbrgbrqrgbolr ts366o63bobr er
r0.:3qr6rngq,rqr 0roro q9r0g3o63bob ArErJSCootJ ArOCbob gg6qrX6gor. .r8l3g
0o0r6or3qr36oor r6bUACbOCbor tr3Ub3bb3 tr.:J6r.6g66o Ar6r3gCorCbob ggrJr.rb6o3o
JqC0otr g636q9ob 6s66dgqgbr, rj6og6o lr,rlr3lrtro trr6X3q,s8o JrAJrEor er
pgJo'bog3bb3 tsJ6r'636grn ArbrJ33oCbotr 6.r6333gq,o ts3Ego63br, CJ3J
3rq,q3bgq,gb36ob 0b6oqrrb Eer063bos6r.rbob rnJgoEo,b.:gootr 0ogc6oco.
V
67
gb6oq,o N 3.1 0oqn56., 5"r5,rqnoo.MOACq,o b36d36ggbob 0ofuq6oor
。。 3∞ 。C1000000000f
O、
臨りい
嗜
ぶ
り北
"中o岐 か
bObbOb.●
…
" ぃ
tcq
郡
勧
10
囁
妨
1.411
″
%
1̲97
%
2.896
もOⅢ m ttb● ゛0
2い つ
″
656
ノ錫
7717
"%
′
α
'%
11
ぃ
2111112
χ
イ′%
19QO
900
1738
2筋
10%
120b
3
2%
‑201●
12
螂
3273
2.745
製
11
3368
J%
38%
16%
8̲712
′
α,%
2306
1396
$916o: lrsj.:6o4gq,ob g6r'r36gqlo 0r63o
sqls6ots6r3or, 6xnE gqrt3 66fuq'(tr&'rq)r tsJ6xn6gfuo 6r6sggor3bob 8306o63br,
6rbs6 06otsgfuqtn36re U$grn0q)s bCE b 6.:0drg6gbggo 3er63g,6g56or.
溺 鴻四 筋 ﹄ 邸 蝸 眺 嘔
eor06rAr N 3.2 b,r36gqnger Jo6OBJqob o6ob 6s60r3q,obr0o 6r6g0gq trgl$gbbX
.r6bgbgqo lr.>Egsq<n E9$o6oq'o Ir$6rnGJ5Orn br6s33gcrl6l lrC0AC6gg0olr 0obgq6oor
(br63orrBo6obo bXbb,SboL 6s6qr) t6
F ゴ ゴ ゴ∫∫
ゴ ゴ ゴ ゴ ゴ∫Fゴ ゴゴゴ∫
htbo8o
-Ja'r(]erA$qJq{}
AO(6C els LrAJrqllI D(,$ECirtC
-hlrbC&,
bolrboao
-lrr0<,o
$916o: ltsjs6or3Sq'r'rb 3tlo363q,o 0r53o
t CdOo6CboL 3gorbocn bsbr63rn trob$C8ob b.:363qrogr.r Jre6ggXqn E3odqgbs br30soqr
V
qn3S6bogogo6Cb3qlxp 8.roor3sq,relr. bal6r'r6gq, ]t6oq,Eo &'r6gg3q,otr qn6r3o3ob
Eb6o3 5$rnUrgrn3or br6rE cl Jo6gggq,ob S6qrs, do6oorrqr.rqr lr$oEb0,r6gbq,er bgt-rb3bob
qrr36gqgoggbob b$29'fu, 6rn8gqbs6 bsgrq,o J6rnq,gjggbob Jrr66ggq8o ffiCq,rtC
e'oeo Soq,lo $o6s3b. $q,ol-t 6.:6E,r3q,rnbstso Orqsq'o tt6qnlr 3erggo6o36go 3jo$q.o.r
0o036gsqg6 Ar63reCbrb q.oo b3bbSbb boEolr 6:X6o6golro4ob, orgdg.: 3n6gg3qtso 09o69
$oq,ott 6scn3.:golr$o63boor, 0rorr 6r3qg6.r gA6o83fuqxnr. Ooryos6ob,:tso reo6ots6Cbr
J6x'l3o3gg6o bgjgm630ob b3Xq6oom $oq,olr tsg8go6Xbr, 6t0 orr3olor3rqr
Jobogog6sqr gJreCbr.
い 6009o5o守
6S
融
os 5oOID5期
b 6o005ooぃ 6533p● ooら 嘲 Oo69050ocm bδ bO詢 ● 0● 。田 OJ006oじ δ36o0050o
脚),nna守 ゛。
。615ヽ 3℃つ6゛ ∞ 05n36xo3δ 5ω ヽぃぃ bb36NoOo 3o603̲b抑 30b
68
6b6oqn N 3.2 tsbgUbrn .Indrgggqo 6ob3-bglgo6Sbolr 6obXq6oor 2012 $q,ob 31
bJO― (0‑智
い
い
0
Lが ■
にも
■ 緻 力 哺 0鰤
…
じn6。
卿 ヽX・ 0」 い
出
an6Ⅸ
an"
Oa6… 価 ゛
…
´力 )
喩 聰)・ ド 崚 ゛50o,い
嘲 Om山 量 螢 地 fで 。
も35静 も
…
♪5
b55。 6a9o300dば ｀6゛ obt● a廣 災趙y6J、 P03mer」 出
し
い
oobha里 坐,omttaぃ、ぃ O』 ̲墜
3。 ]̀積
つ
ら
。0い )
ヽ 5ぃ )取 り
い
・
6ょ
03ゴ いも nttb゛ 0
脚 、a 力 ,こ 壼 塵 雲 5じ
…
aoooO" o6」 欧
C'S
.ド で
"蝠
bpЪ dち面 満 む、ぬ岬
、。
飛Ю欧力dおOGbTrJ51咆
"oま
」芭亜≧ぷγ〕b♪ ЧO)
‑035
X5‑
⊇
駆 ゆ ♪
椒
田ばUい 3ヽ い
q山 脚
ぃ ゛0
0矢
̲alDo00̲ぃ"●崎。霊005
墜
252
155%
84%
23る
202
59%
508
2,る
248
54%
27
"墜 6中
い う晰 出
930/o
48%
3フ %
45%
13%
389
270/O
233
120/D
103
45%
387
67%
23%
270/O
236
44%
1,%
14%
120
26%
228
5%
830o
3 8Qo
7
8
51%
133%
11
50%
67%
5
1796
145
4
2す る
34 896
3,022
174
57%
0/0/0
63
フ
1060o
14M
1286
11"る
50%
7
130/o
,も
243%
%
07%
¨
53る
3502o
ヽ コ &)
ほ 勁 田 JOし い
0̲5o…
2ダ る
149
(申 ψ 恥 カ
い´ Ж取
237
378
218%
44%
435
302
̲030¨ 脚 ゛0
ヽ姉
2乃
6
170b
"&
bb35(X5 lb&J0503ob
RFD00cD)
嗚 ‑3
24%
21%
293
5%
bJo060
bOmCltOoメ
2蘭
34%
090/0
じD6(ド J〕 0
…
188
12る
"0♪
ド お い 0靖 5)
喝 oOr― ゛0● 5〜静Юu0
1
2200
1596
5
…
s6
05%
llrts.'6r6lrm"Ⅲ
onlooo gOJSo
Ψ 遇 漁 。沖
60、 r■ p
60Ъ 赫
…
し｀ 雰 ,い
じμ 螂
し0鮨boむ
5
5002o
437
1696
10696
1:慇
1∞ 096
8.6R3
41%
62%
74%
128%
5
390o
授
45%
585
6%
$gs6cr: Irl jrt5or33q,t'rlr 36o963q,o br63o
qor66r0r N 3.3 bs6rq,er J6rnqryjggboU 6r6r$oq36r
f lrrffiJ6,J0q,('r bCtibCbo
f o.lrolxilEn Udrb06o
f b$60(rrd.r brf,ro,C0o
rll5lbg0o br6ctr 694'r85otto6oll
f A')aC6O$e-J6o 6ifu rACar
I sSom-{)CbbCbo
I og0oe6rtsOCbo
$gsdro: bs j:6or33q,t'rlt 36t'r36gq,o b.l63o
69
gtr6oq,o N 3.3 lt6sq,m J6rnqqalggbob 6s6s$oq'3bs (2011, 2012), 63qloqlg6.) C6tr)
qal-12
QAil1
l$o{x'r Jfxr(rJfloabo
,,o27,551,744
2,655,611,707
c6q,oq'J0s
175%
‑252%
r..k)eFlrrLe.Po
b5a(,Abar6C8(x'l lrd.rbca.,
u.514,Ail
63,370,0a6
L,@1,*7,457
1,285.951,454
t4.7%
&.lal6orq'36o &ftr<fAJ
81,413,858
111,812,814
784%
62,789,2M
42A,78€,BL
61,491,314
4.f%
416,446,422
2.6%
110,835,828
137,955,431
24.g/"
881,508,752
924,069,159
6.3%
(■
懇気´BOメ 0
lrJ*,:Kr{,('l 6J6i'g,fr,
じ
メ崎 い 田 剌 衛 耐 b…
｀
o*'nxy.fn l4f$flo
$gr6<'r: brjs6or39q't'rb X6o363q'o br63o
gEojESqget trgl-rbgbobtT Soq,o Eoryros$ 3e6$gXg[o, 2010 $q'oU brnq'gbror3otr l2-5
J6,t'lOC6Ob tsgrq.o3C6q-N, 2011 $gob Aoq,rnbo6ob .:q6o863q,o OrB3gfubgqo 8.5
J6r'rm6g$q,g tsg0go6qrs, boq,o 2012 $q,oU boq,rnlto6ob 0go63qno Ssosr6qts qr.r 9.3
J6rngg6go ts3rqr6o6r. 2012 S3qir gOrDj8gqPo bgbbgboL 06o63 lc6qrs do6oorrqrrqr
6rEqr36od3 oqroolro636.>1)ogq,6r gsj6r'r66s 6s6sJor6r'rb.:. b.>3r6orr6o6olro E3qt53bob
Sotrbgbob.ror3ob 6oq3bgqro, 90 cgeCb3 615o 3sqrr6sqrsgoqrgboor 6rbbsirq36ryq'o
g0nj83qm b3bbSbob $oq,o 0ory,5156 Jrn6$gggtso 33q'r3 ts5d3o6qr qrr 2012 $q'ott
boq,erbror3ob 3.7 Jt6<np6gb Ar3$r'lq,er, 018o6, 6<13r r6rq,rrAoU6o 0.lB3563b3qro, 2010
$q,ob q.ogg0b6ol-r 0qr6rn0r6grebocr, 5.5 J6tnOC6Otr,2011 $q'olr boq'r'rb 3o 4.5 J6r436$tr
tsgsqr6g6qrr.
6b6oq,o N 3.4 l-r$3bber Jrn6gg6qolr 3rgg6cr6o3bo qrs go60o63bgq,o 63b363gbo
201260oし 31
Js.)3Safor
o,$bs (ac6 (.16())
l$55()r56:|er,
7,441
Eo{n
lrqfi6r(ot)..ft,
16Jr1D6(,)'15:rq{,
¨
l0%
30q6
lrs,,rk3cr
"1
235
re.Ko(!
lE4
qjs\l('.t'o U:)ttoa.,
85%
6%
| 292
$ctri&.K,(rld$rao
396
5l%
]\
87
l5%
9lo
35%
49%
$g.rt6o: lr:jr6or33q'olt gt1o363q'o br63o
qn.>66$r N 3.4 bbbgbob aSbsdq,o qD6r3s66gbob 63bX63ob floqrorfi Jrn6$33qur$
(,)rbrBr6{mbJ
20%
％ ﹄ ％ ﹄
∫ゴぶ∫ゴゴベゴゴ∫ゴゴゴゞ∫∬ゴ
0rialq'rflx'r)
-trlbCbo 0jrbJq,r8x't) zo6 Sqrxp'r6 Sao6a'J BJactffir<rl bd,tlcDrrtr rqqdrEott ffic*yro,
-bd$,
17
-g0ojOgqx'r L$rfuasag" Ar6d$tq3flJar
$g16o; brj.l5or33q'ott 36rn363q'o 0s63o
Jq'Jr<rgoJJoffn ast#C(rr 6m3q'roffr., fficq6ocr,
Jq'it ,tsolofff, 6c{'('r l.u&, J}O$ct6,os: T6JTOJEQ!}6OOq{,, UttlBcl A,r ,oAC(x1
70
S66500 N 35 0̲55o bsbObb0 3
Ψ
い圃
bObb06ob s邸 恥゛
qP飾
10
肥耐o―
0関 Ψ Ob Ψ 面 50035"。 C姜 58認 0鞠6tD90
8,lXXl
6,000
4,lXXl
2,lul
0
0rJArq'r6ln) garbqt SrAog36rryrl UCtrbCO.fr )qqlaC6ol,l
-l.,CLbCAo
0rrbrq6Slh) Sao6(t Bi0eftdr{rl bd,b30<lr reqld3fir ggft}Joo, f Zm5 Sq{tu
godr,6,CqJqr, 336fro,
-bCUbCOrl
V
$916o: lr.r jrrtror33q"r'rb X6o36gqro b56Jo
qnrb6rar N 3.6 b3bfuAob Er8er$g5r qD r&'reCbr
ak=15
‐
ぅ
120
∞
︒
８
∞
20
0
ず゛
ず、
ヾ゛
ず、
ゞ゛
ず、
ず゛
が、
ず゛
が、
ゞ゛ゞ ゞ゛′ゞ
、
´
ヽ
r bCubC0otr BrOo$COr I B.rderfo6<ry>o USUbgOoU r&pX6s
Sgr6o: b,r j.:6ror31E,mb C6r'lg6uq,o br6Jo
$q,ol-t 6.r60r3q,obrtso J6CeoOCAob 6rgoq,o 633qrrbogogo63bgq,o oj6s 396r,r
639.:6o96 JrOCAo6orAo, 6ogo tr3l_rb36o Jo BrAr'loSC6r, crryEgr Js6.:qr3ql36re 6orq,o.r6o
brS6cQo0m Jm66g3q,o er Jmac6Gouq,o br6336ob rCOoBCao
6robrr6qr, 6ob 6r0m6
boLOCAob Uo2g.:6bqolr J6o636g3qro obqro3rgrn6g6o
eolgrqg .16 6g63qoq,r. $q,ob
berq,rnbor3olr 636r$cr36o Jo6Og3qoL18 Eogggrnbr0 0orq>o,:6o br36Xqro6rn Jo6OBCqp"b
16.9 J6r'636go, br.rq,r'r fu6rgop6o sjgo3Xbob 0oq,or6o .>j6o3gbors6 cDr6rtsr6eobr0
11.7 J6r436go ts3rqr6o6.r. ory 696rgo36 Jm6gggq,tso 2007
Sq,oq9,>6 $6o6qrr tsr0er$g6oq,
l-t3l-tbgbbr6 6r3oor3.rqolr$o63bor, .rq6ots63q'o 0.r833636q,36o ts3brbr8olrsqr 24.1 qs 17.6
J6r4366b ts3rq66l-r.
'" a3A-b3g"a., 6X6JOeJ6o J('l6otscq,o A(')oOr3U lrrgfl6reqJ5(.l egr UA(')CACg,r Jro30ofxrrlr lr3bbXbl.r.r qs
"a
q.oclts3go6Xb3q,
jo6JbCbl.,, he('('l 6JAJOoI6o rCO%C6o r0froo.r63blr 636.rgog6o Jor6otsJq,lrJ
6CAJOoJ6
ofuXl6o6ogaL.
Ar
V
71
ert66r8r N 3.7.@,CqJ6o $O-aOa"
０
５
2.O
c
€lts
v
０
５
０
０
E 1.0
U
CO
ru.rd o.ro*,u.rd o-',.o".u.rd o.ro* s-d o.d.u.S ,..d.u.d
AdsJJoirCDJqi joq6r
ESr0.Et6.t n6AClgrooCo
-ru.Ua'a'qqlolrcttolo
/ ao{hr6o .'jdqJb
lr0lrtC6.,
lr?h0&'
-5aEa$Aa.SA'.x<o
io6osqn /&,qn6olr{r.)cq.\]o &,6!l8cqb
-AaoJAgen
-6frio.,c'h
$gs6r'r: Urjr6or3Sq'r'rb X6r'r363q,o 6r63o
6g63boolr 0g0qr6rnA 5.:t6qnqn qrsbs3gol6663q,o jofubob 6oggq,o63bo 2012 $q,ob
6r.rqxnl-rsor3ob 06o6gqnor tsg86o6qrs qrr Uob$36ob qxn6gle3 220 0oqror.r6o qrr6o
ts3rqr6o6r. Lr363qngr'r Jot6gggq,ob lr6qnb J.r6sq,3qry6rp 3o qrrlrs3gor63bgq,o
jer6xag0ob $oq,0r br363q.oogo Jer66gxqors6 6o0r6o40.>tso 2010 $qobo6ob Jo3g6o 3.7
J{+xn6366oq9.:6 20f 2 $q,ob qrX3g0b6oltor3ob 2.5 J6c6g6gsEqr3 qr,:o3q,o. rjgo3Sbob
qgstfufufu3bob Eoj0Sqn l6363q,s6cnb JoEbC63rOoUE o 0oorb936gboqrr6 6s0er0qro6s69,
prbs3go63bgq, jrnbgOrbg ltbs63o bob$CAob qmfub3 grn60ot63bggo.r lt8grqxnqr 49.1
J6tr536gob op36r$olr 63b963o.
qns66s0.r N 3.8 q9rbs3gor6g0gq,o jo630s
250
4yo
4%
€2m
v
3vo
-g rso
3yo
(o
2%
100
2%
t%
50
7%
o%
,g* .g* s*o,g'" nn^) *.}s opong* nu*
rJo,sC.o*
a
r
.I..,1\TrqAS'(r' ja6Air (a.6OUrU)
6eqdBo qalrlJ3sfrDJq' CrqDr$C (ArqoEo6)
Jc60br / as{r,r&, WbCao + Ail'r33dr.E&3q'(, C(,6Cd} (a!6!B6oS)
$gs{5er: lljr6o13gqrob 36er36gq,o 6,163o
tt'bgq.o.:0b3q63q,o JdxqpbBo lrCq UB6er 8bs6qo gg6rqry3br 3orOrnberpr
It363qngcr 3cr3go6og6g36olr 6r'r6oge6o66tr, 6r'16o66 bob63b, rtig33 br6rq,o bg6a36g8o.
gb 0oqr6er0,: lstsg,:q,gbrb odq,33.: br'b3prObgqpq,rn Br6Bo g.sbqrgb 396r'1 0rn0,s3rq,b3
erdng6go6gbpq,o, 6rqr6.r6s6 bpxbr br36gqrogn tr6rbqo566cbob ts3aLgbgi3aotr
qFmgq,o oqg36gogo6o6gb,>. 0tr3bb309q,ors go6r6bg6o 8rBg63bqr3bob rbrq,obll
6,:6b,>33orfu0gqo 6oqo 3bo$gb.: 3rn63g6g66oob 6$drg636.,t rt ,
Or-, tOq..ot
Eg\gqq3q,o EgbrdqSbqerfubolr Jo6e$g0Eo, lsbr63m LoLOCaob Eog6 16 Oobq3b
0er0r63b3q,o 6ob33bob rg3br, 6oLo tsSqggACbog Oboq,rnqr bg6gbgq, goor6Cbr8o oCbCbr
or3lq,brBoEer.
3.2.3 gqgogtt t6ob 6o14o
q,' oJg oeE 60 tjOoJt)A o b bd 6 EEIO E6.t
qo33oqg6o rjgqgOob qrer6g, 36qrr ocnj3.:lr, 6r'10 ob6o6opq,otl db6.:3bqr, eqCtJsG
d.:q,bgqr 0rqrq,o.:. q,o33oqg6o .ljgo6bo 0orq,os6o sjgogbob 23 J6oggbgor q.>
g,>6s3b s6sb,:6r63o q.ogJrrto6gbolr 44 J6r'r6366b.
鰯慨慨郵務鰯﹄
qnr66$s N 3.9 qo33oqg6o .:j6o33bob qrm6g
osE12 o゛ 12お 612
612節 126
12o3512̲12場 3‑12崎
堅 2調RU
」003酔 ツお Ψ )55o,bHゃ 0
中
訂 ヾ ´ い 僣 中
J‐
12 rJ)126,3● 12"げ 12
/漁鰯 蝸 評 働 bttα ぃ
o356o:b5J56030Ψ Ob 060350Ψ o 65530
2011,響 09559o330qPの 60し 3008000050b06035っ でo65530。 bδ Ψ。00∽ 09‐ 暉o6000
。の3YOb,60b00bO,30050Ψ 0330qPu6 δ
し
65530bじ 8∞ 60b
」
0030600566。 003bΨ 。
6∽
006∽
。
∞
55bObO
oし
53b06Э CTo o55bObo
つ
2,33YOΨ
030 0。 ΨOb60359 655∞'050b、
0330で
∞
0う
。
53b(。
5
6550oo3b0609し
55 0oOΨ 00し
で
U65Q003Ψ Ob 8b∞ Ψ 906006∞
,
658oO、 Ю5560 o5b0600o500し
30し 。
∂Ψ3aTmboで 。5)
3b9055m60で 。5 Q5 35950で 0
。T60 65000b030b
Ψ。
86● OS N 310 Ψ%309066b30〔 B000050゛ 03。 990"Ob 00b釈 93∞ )2012,09b
6096
55%
50%
45%
40%
35%
30%
25%
20%
ゴ ゴ ∬ ゴ∫ F「 ゴ ∫ ゴ∫ ゴ
Ψ
30b3…
し
饗
$9.:6o: br j,l6or33q,ol-r g6o36gq,o bs63o
V
73
q,oJ3oeelbob JrnCtsoOoC6Oo Eggor q,#rob 3rqrq9bgq,Cb36SC goe6C (,erqlr6ob
3rqqSbgq3bgbtg, 610 &n8gg0or6o6olr Ar0tn q,o3goper0oL q,r6oo gq,r'r[ob
llg63oq,arr6 g6or.rqr, do6oorsqrqr 6.r6Jo6<n6gbgqros q'r6ob 3sqrqgbgggb3botr
6n3q,g3lqns6erboor, gLr 3o 96or cr6g6q.og ECJ-Ao .:obrb36.: 3oq66.
qos66r0s N 3.11 q,o33oqrebolr 693o: I or336qg rjgopbob orr6rgs6qrobs 1 orp0q93
3。 Ψ90b3Ψ ゛♪∞55
120%
■10%
1∞ %
90%
80%
7096
８８
留︐
ＲＣＤ
︲
︐
Ｎ守ＯＴ
倒︻︲つ︺
Ｎ︼ ∞Ｏｏ
Ｎ︼ｉレυ∞Ｃ
Ｎ¨︐Ю∞Ｃ
Ｎ︻︐
つｏ一〇
ヽ守 Ｃつｏ
Ｎ︼ｔＦる０
名６
︐
Ｎ︻︐
りｏＣ
︐
︻常８ ９
ｃ
３￡
︐
︲Ｒ
０
﹁
ｉ
﹇
︻
︼︻・∞ρ●
シざ
︲
︻一︲
Ｄのｏ
︻︻︲つｏのＯ
︻Ｔ Ｃつ０
︼〒 Ｃう０
一
守名６
V
Ｈ︼ りＯＣ
60%
-q,r(6(, -3cb.3rq16;
$9.:6t'r: bsjr6or3Sq'r'rb 36o363qro 0r63o
qror66r0s N 3.12 q,o33oqry6o rj6o6bob 0m6gq,tn0.r qt bg6ryjgg6s 2010-12 gq,gbtso
5,0008 ‑甲 q
♂
■醜
9096
4,実
80%
70%
60%
50%
﹄ ﹄﹄
40%
30%
V
Юtt
」
―
■0
9Sh5o
.∞ 0を
―
翼器肌
3,500
...mb。
3,PKl
ぶ
Ⅷ
乙
5530600
。。。
5か Fわ 3♪ o
"山
嚇
聯 0鼈
炒
655380
ゴゴゴ ゴぎゴゴ ゴ
■■■ 5、 ぶgЭ 30co
$gr6t'r: brjs6o133qr<'rU 36<1363q,o 0.:63o
gtq,ACryrruryob b0ln)gd*E6;
OrqlsgCb3q'CbCbob lgt+ryjgg6r0o 06ots36gqmgr6 (Bq,oqCbCbb 2012 $3q,b reboq,o
16 3jrn6or. Brqlp1b3q,CbCbob 64 J6xBC6Oo $qlr3 qggJobog3b9eX Oerpob, o306r
tsgo63sq,r qrgJgrboggbob bO6,UCOU6s, b,>qr,>6 o616r as(,or6o q3Jrebog3bob $oq,Or, 6sg
q,o33oqxnbob 6olt3ob 3gorboor qrrcg3ooor gri6o6re BrbeCbs.
0t63360s brq,r6tr3bo tsgs86o63b bgbo6qn6o63bgq,o 3rq,oU o0 6r$oq,oor, 616
C5CAACO br6agborrb ogrn qrr3r3Bo6Cb3g" er Brs643q5b ESqgr63boor orgor6o
6rb3ttbg6o brbb6gboo.
74
(r)rE6rar N 3.13 Brq)q)CAUE CbCbob bO6UCOU6r
20ll
2012
r$g116.' qJJcl6.\5d.
. a{r!6.! ACr.'i.Cd.
.UaJBr<R,:l<.sco
. !!er OlsQ6a<rado
$gs6o: bsjr6or33q,olr X6o36gqro br63o
bsgsqm esgo6s6blbs
qr3Jo'boggbolr 9r6q9r8 2012 $3q,b 905 Eoq,oo6o qr,:r6o (13.4 Jr6o6366o) ts3rqr5o6s qu
q.oal0ab6ob Eqr6rn0r63obo 7.65 Eoq,or6qr q,.>6b aorq$or. cng6g.: rqU,:6ots6s3or, 6r,10
9r6qrob qroqn 6r$oqo Oerqmrrqrr o6 0lrb3oq, lsbgq,0$ogrnli do36 gqreboq, L:Ss6Eotca.
Esor gr6gts9 qrgJrn$og36ob icr6q9.r 565 0oq,orn6o q,r6ro (8.6 J6o6g6go) ogo.
qnr66rEs N 3.14 3qn30g3botr aC&nk OCbo
c
s.@o
9Et +.sm
;4,m
Et
6 l,sq)
3,(m
2,500
2,O00
1,5@
1,000
500
0
ミゞ抒ゞ乖ゞ ミ
ξξξミゞ ミ
ξξξξゞ ゴ
-tsotoff6oJ.i{,CAo
-.u6rcrrJq{rJo6CSo
$g:6o: bsjrFror33qrob g6o36gq,o b163o
75
qnr66rAr N 3.15 .:6s6gboq.oC6o3bob q)CJcrlbog2b"b $"q"
ゴ
ごゴゴ
ミゞ
武ゴ∫
$gr6r'r: brjr6or3XqrtT b 3t6o363q,o 0163o
Jgq,r3'b6qrrb 6s6r66derbb s6rt6Xboq6fuo q6Jr"rfroggbob $.q.
Oorq,or6
qr3Jr'rtoggbtso. gb E.rtsg6g63qo 2012 $q,ob boq,erbso6olr 15 Jt6r'rg366b ArUOrnE q'r.
$og"rqrrqr b3b-o 0ogb.rq,6gbs qrsgo6s6lr36olr $gs6crgbob qng36lngo6o63bsU, t6sbr6
r6r6S9coqgg6ggbob q,C,Jrniso63bob r6bC&'rbr E6ots3fuq,rn36rqr gggrn0b blqb.
brgg6rqrpgbrnr, t6o0 rt6sr63boqgC6gC6otJ qr3Jerboggbolr 6sb3gr69ca 06oBg63q,rn36rq.o
0ggo Lsjs6o6gq,rn8o 66brn36gb s6r63boqx66gblt qr.: i33gs6,rto.r6 bob63b ory bb3.:
g6omg6oxn6oor qrs3s3tso6gb3q, r6r63Soq36g3blrg @oqolr, 616 6olr3or$e$olr 3gorboor
qrsqrgboor.rqr UECgs 63grbp3b. rOr3X 6o0r6oryq,36o<n 166g036gor Areor6o
q.oCSobo$36ob bgp6oon $oq,o q.r qn3g6Logogot636r Ss60o[gbob fugg63bob
0ob3qr3oor. Oogb3p.:3sqr r6obs, o0olr 6.:o6rqob$obg0oor, 6rn0 0U6r3bo qrsgo6r6bSbob
$9,>6cr Eso66 r6sdo6ocorqrrqr oor3q,30.r, qn336bogo6ot63bs rt6 g6qr.: 6.>qrmtrr6qrr.rlr
qgrOrn3oqg3b3q,gbrtso qt ts3brb.rEol-tsqr, l-t36-o 6g60r3b r0 Eb6o3 AJ6$CUE o q,o6ogoU
030mg3bsl-t. rq6ots6gq,o bgq,b tsJu$g(')bU q,o33oqmbob 396c) 3gj6or6 0r6or3rb,
6rqr6c6sg 6g63b6o3or, brqpSobrnqr rt6bgb3q,o q,o33oqrerboli Erp.:q,o sgs)EC
0rn063bor6obrb3 gs6grngoor,:qr 8rnj03q6bb. qr.sbrb3q66gq,o q,o8ogolr 830r'rq3boLsb,
Lb3s gljgo63bcns6 36cnrqr, 66o8363qrrn3.:6o ggt6rqr3bs q.osgorArnbr qr3r3r'r'boggbob 3sqrr'b3
rqr6g 6r8ogorbrn3sqrr.rbob l-t.l3oorbl-t. b.:qrq3oboqr s6b36gqro ar6o0r 3rqrr%C re6C
Araoolbrn3ob tsgEorb333s8o 6ob3olr 0ogoSr6oob 0ro66 r6rbr38,:6olr grjgrn6sqr r6oL
0ots6ggq,o. Eb6r3tr J6oqrgjgob Bgjabr/6.r63oors63brlr, bgb-oL 0o36 qrr5g66oq,o
lsq6Jobogrn bg6omgo3rg30o s6bS6oorrqr g$gr'r0b b3q,b. brgg6opq3brnr, 6o0 6rq,rn
Jg6ooqgtso, bX}-ob qrr ltbs63rn balgotvnb 36oxnbq,o3o Eptssobob tsCqg3drqg, glgC
tsgo6ots63b,r BrertC 5e'6C 6r6cngcnbo3,>qn qoCBrnbo$Cbob Jo6org3qob grn66o63bolr
b56$Cuq,o $36q9966o.:.
76
eor86rar N 3.16 r6s6CboqgC6oCboL qg3iotoggbot, LO6UCOU6s (2012 gqoL
q.oail0036o)
]trr{fo
J.6ctAdOoL q'r (oJ{n$o6rdrd-t 36r(to
留
ε０ ０
仰沖¨鰤¨
CACUECAoIT
.e.{n t6.$r$cm (G.l
4@
2m
lfi,€doo
qai.t$ql$F
S916o: tsjr6or3Sq'olr 36er363q,o br6Jo
ltsbootqOo @soto6s6 b&.s
2012 $q>ob A56Ar3q',rnbrBo b3bbg6olr aC&n$oOCbcDrE or6rgu6qrel6ob 3erggo6o36go
$q,ob 6r60r3q,rnbstso 33q,r3 6olr.>qgb qr'l63b o6r6BgEgQ,:.
qnr66sdr N 3.17 Eoryro5$6 6r56r3*,b ts3gr6qrgb.: r6slrsb,>63m qgSJg'bogSborr$
1.95
1.85
∫ゴ∫∫ゴゴゴゴゴF∫ ∫ゴゴ∫∫
$gs6cr: brjr6or33q,ott 36t'r36gqro bs63o
.>E,:trcnr6, rCOoU6re Oo8qn6r6Serbqrr 6.:bglrbg6o ltbb6gbob 6olr3o.r6cobob tsggrbgbr,
6o6rnt6g 363qngo696ot-r $6oqBo, $C8C q.org.)63olr 3.:qrgbobr er OrerbC re6C
6rAslobr'r3ol-) 6oL3ob ts3gJlgbob 3gorboor. Ertlgbbgbo bubUr6g6oL (br34g. EJror6o
jsqrq4g3boU tssor3q,oor) 58 Jt6r'6X6go bsg6orrBefioUo brgo6rbber o6ligoggggb%g
Oerqnb, 10 Jt6r4g6go Otsrnbgq' 6r633b9ca qor 32 J6erOC6Oo bb3r 3g6do o$bgoggg3bb3.
6rcno 6s6r$oq,3br qrgs63ot-r gsqrgbolr 6obgq3oor, 5r5b:3gcrr63boo 36gqnger63bob
6rcn3rq,ob$o6XbocD, er56Jq, 6olrgrqr grbqpSbr. r0.:3X aoqr5rnaolr 6s6r'rgg63boor, 8gqrr630ocn
Qrorq 6obJre BJreCbJ b3q,tsAl6,.Jq,cA00tso r6l-rg63q,o 3r'rg5,:6g36ob bo0do03. tr3&-olr
dog6 2011 SCqb .:6oj6gq.o3bgq,o 0o6odrq,g6o br3rq,qrgb3q,o 63.b36pbolr
qo33536got69bgq,o 6o6030o 6.:bgbbSbo b.:bb63bol,r 3sqrorbobolr $6oqtso, 6.>l:3lrbgbo
bsbli63bob qr.r66d3q,3rqo,:636sb 06o8363qo36sqg g$grnbb b3qir.
77
6b6oq,o N 3.5 tsaocrra0o qrrgo6r6Lgbob $gr6t')C0o qrr aobo qrrgr63olr 66sgo3o 2012
q,ob 31 q-og5A06ob EqrSrBrQ
∽ 30
χ厠 0
5.2%
1‑3
10.0%
2396
く1
16.6%
24‑36
11.5%
36‑60
306%
>60
161%
92%
83%
128%
135%
■2‑24
2.5%
6‑12
7496
43%
2096
67%
02%
03%
ぃ´ 酬 詢 m知 、 3■ 口 n
洒
…
(,rJJ3ao6CbJq'(, Je6$6(A
09%
08%
lrb3r Jr6d, Jt.B&6or
20%
4996
%
43%
26%
01%
27%
31%
0696
00%
177%
$gs6o; bs jr6or3gq,r,rb 3t6r'r36gq,o 6s63o
03%
04%
qoJEoq{rbob A;q;gtfuob Joggago?ddo - ICR
6gerbsqg60,: go6r6lrp60r 36obobdr rB3C6,) doj0Xqgo t Or6er6$C0oti er
obqn3rgcrt6gbotr r6rCgftl63dxnbs. r0 JgSooq$q6 6o86939o ogm, t6<.r0 go6r6bg6
6rb6961r3, 6o6ot66 Ecr3qr33.:qnr6o obC AfuCq6reor6o (rrgo6rbtJ6br J6rnbq,>CAJr 16
$r60r.rrqg656qgt q,5 go3gq,cn3ob oger Egbsdq,6b3q,o brlor6n q,o33oqrobob
g9c6g633q,gr.rgr Uar'Bq,Cb e&nBo, 06o63 qr6rbr61Cboo. cngEgs 9o616lrg6o 36o%obotr
ECApCA 6rol0qlo brb(rr, 6rn0 q,o33oqro6olt 0.>6o6oU r6bgbgq,o bob6g0r 395
gb6a363gq,gergqrr ltbr63rn bob6C8ob (DOgJr E oJgoqrmbob tsrn3obg.rb qr: brle3q,ob
3r.rSogggob o6o6oroogool ACoCAE; rbrq,o d.r83g63bq,g6o, 6r'rEq,3bog rbOoAUq,o6CACg6Cb
br6g0ob Eb6oqrr6 bg$oq,36o qrrgo6s6bgbob $gs6rn3bolr EraoUC6CbrtJ q)r
gb6gb33q,gogq6g6 q,o33opobob 99g16o16 016o18.:lr.
"bsle3q, III-ob" 0o96 t(tgo0g6pof6bgq,o q,o$oqrnbob 0r6o3oL Br6Brn q,o33oqnnaolr 6rq,€r63ob J(')CtsoGoCSOo (Liquidiry Coverage Ratio - LCR) - rEgsdrqr
brjr6cn3XqerBo qlr6g663olt J&n6gb6or. ob ocr6rq,ob$obgbb br63ob q,o33oqr<nbrborr6
qgt3s38odr3bgq, olrSor g$grnt63bb, 6rnger6o6rs 3rqp3bgq'gb3bob 3.>qror6nb.r,
3tn6636g6s6or (0ror tso6olr r6.:6gboqp663boL $6ogtso) q'o33oq6t6o rd6o3Cbob
br6olrbo, rj6qg6ob q,o33oqrg6.rqr 6r6q.>j06ob tsgL.rdq,30q'n6.:, qrgBnboggbob 3.rqrsbg
lq.otig q.or6q3mob ts3Lrdq,g\,mb.> qrr r.A. Ao3bCergrq, o0olt, 6oE ,,brbgq, III-ob"
q,o3goqxT bob 6rqrrgr63ob 3o99o6o96$o br3atrnp 3obUfr3r$gq, 0oqr6cr0rqr oor3q30r,
jr6oryq,o bsS3g6obror3ob 8olto 0oorbrn363bob qrr3Srgogoq,3br s6 Sr6Ertq.op6b q.ooq.o
bo6oryq,3b, 6.lqr6r6 s6b3bgqlo JJ6obAeCbq,t'rboor obo6o r30.:gr.rgoqr3b36 q,o33oqrobol.t
3oggo6o36gb, 619 6orq,or6obr6o, ,,LCR-b3" b336sqr gg6rn 3o6b363rggq,os. rarbolt6,
3rJogsqoL rqrXp.:gg6<nbob st6b3bgq,o 8.:68<nb Eb6s3b,:S9, OreJC sggOgqo 0b6q,oqr
rt6b30gq,o 3r'139o6o16So aC6 gb6"fb3Cq,gr.rgb q,o33oqmbob gg6rn bgtt6 qrr
E3brbr0obrqg 3BCd6orE E.r6or3,:b.
3.2.4 bL;brirc t6oQo
brytc?grJo 6obJo
bsjurro8Xq,rnb lsbr63o Lobg36ob 056dbobos6obr bt3sqg6cr 6o113o11 0o0s6or
Orgrq,or, 6.r0qr36.rqrsg go6.r5bg6o 6rie6ob 3rq,qro3bgq,ghboU bO6rUCOU6,ob
6ror3.>qntr$obg0oor, bgLb3bob q,r6obrgor ag6,sg e'rbrq,or.
q,r6olr 6rgg,>lrg636ob ts36oD3g3ttso ob6q.o36r pmCfuXo, boq,o 3.>Jo$lq,ott
Xg&lSrou6obob 8rB3X636Xq,o 3r63bqr36r, 6rqr6s6 3rJo$sq'o 36o363q'o 3rq)flOoo.)
r6olr p36r'r0o6o63b3q,o, boq,rr 6otr3ob EobSqr3oor tsg$rn$oq,o rj$o33bob qroqro 6r$oq,o
3o ggboS6o grq,lflOocr;. sO J6r'rbqp0otr 6rer$g3C05 Lt$63j$36ryq,o JoSo6oolt
EXj06oor E3odq,3b,r (t6rg ggbog6o 3rq,U$ob .:jgo3gbobor3oU, JsJo$sq',ob 3gbo36o
Arq,.J$ool tsC6rb3slr 6gq,obb0rnbb). 6s6qrr 16olrl, qr.r6ob 6.:63qrooro 336$} 63qroq'3bott
qrSrnb bqSbr ggbrng6o 3sqSgol-r rjgq3bob 0o816or tsal06oq,o ts3l-r.rdq,rr Qr6sJr6bCbotJ
639eg633bob bre,rBrb3bJ, 3o6roqrsb 3b 63tr363g6o q,.>6oor r6ob qr36oEo6o63bgq'o.
rjgqgr6 6.)0m0qgo6r6g, rj$o33bol-r.: qrr Eror 0o016o Ea]06oq'o 63tr3633bol-t 36oro
Brq,UOocD qrg6r.rEo6o63br 6r0o6ogb,:3lr 63bgfu36ob 6rergirCboer6 br6tq''lr. 5A5bor6,
rlrgon 6oqr6o8t 6raoo$3CaL qrerq,s6otugoob Eg0q6rnE lc6qr.rlr qrs B3l.r,>br0olrsq.o,
gtggrlrS636oor 6s6r.r$3Xgq,o lr,:363qrogo 6otr3ob 0.r63b.rL. .rjgopbol-r ts3trsdq,o
qr>6,>3r669bob 6396633bo1-r ts3brbr8olro 3rq,ggoor ,>qrg3rgg6o go66o69br, ,>b65 o$g3lr
prErg3boor 0oolb<n36str 36brn3tl Brq,,UOr9sC tJO6CbUq,o 3oorrt5Sbob J36ornqr3o, 6rqr6rb
Eo0r63bgq,o 6otr33bob Araer ob6eCbr t6g%3633bo, 619 llr3rq''g6o Jobogoob
q'rAsrJq,CbJr 6.:6rJo6r'rbgbb qgs E3bsbsEoltqr, bs633bob 6b6oqrr6 ll3rq,3go 3o95o6ool.r
aiJ$r'r6Cbrtr dooorbrn3b.
crry ,:6b3bpqo Egorrqroq,regooor qr.:;66rr6otsgbgqr qo.> br3tq-36r.r Jrn9eo6orb
AJ63oboq,53cr,, olt t-t.:38sr.rqr qrr0rq,56t1Cb3q,o5.
qros66rEr N 3.18llbrq,r6bgr qrr 3t636ttooro li,:3rq,ggo Jobo6o3bo tub3qrrEbgqr3Sq,o
3sJo$.:q,or.rE
6%
5%
r 36Cbkon
lr$rqlc(),',
4%
J<,rtogor
3%
2%
a l$AJqDdx'r
1%
lrr3rqPJOr't
o%
.to\or
̲1%J゛
-2%
ゴ∫∫ダ∫
oo.+o"oo*od**o
-3%
Sgs6r'r: trs j:6or33q,crlr 36cT 36gq,o b.:63o
bCb-{, .:66dgq3bb 0gtsrobrb .:6U3bgq,o 03oroqrmq,e6oob b6gq,gogob
0o6.:6orgq,3boor. .:lr3g sj6ogr6sqr 6.rErmg363b.: llO6,CbOCt OCbo.
lrO6CbOCbOC0otl Br6Eolr tsg0qrgoEo qtb3gSol-r.:o3ob, lr3&-o .l3oor6gbb
83omqroq,er6o*r bXgrg 0gq6pbo 33p ab3bbgbq,3bolr qrr63lr3 oj690s b3q,0olrs$3qxeOo
(ts96ts3ob grOergg6gbocn 83qr.rt5gboor E6o6g 9coOob b3bb3bob ts38orb36r8o). 6g6g66o3os
tq6o36gq,o 0oq6rn0.r ggt6r.r i5gt-rgo oj636r, 6mor3rq,ob$o69bb 6s ll36gqroger 6ol-13ol-r
s0b.rb3Xq, 3erggo6q6g3bb. t,O6rCtr6Clr6Cbol-r Egq66gbob o6g36bog6o 6r0r.rg363br
Egrbq3bs 6rb3q, II- I-olr Br6Brnb gr6gqr363o.
bsJttrrwt,rd,4o 6oltn
r0grAre, jr6oryq, br633bl-r br3.r]6oqg gqmboq,o Brtror6o jsqrqrqpCbo J6rjgo3gq,rqr
s6 6.r,rts6orcn, sOogoO lrst3qtObgqg3gq,o 0o91690olr,:o13olr b,:63gbol,r Jor6gggq,qbg brbr63o
$o66olsor3olr gror3sq,ol-r$obgbgqro 6oqr5rn03bo 6r0oog36gbl.
crry J&n6X6g36ob 300 lrrbrbobcr Jg6j6oor b6qob b6r63tir q.os3g83C0o, g6on $q,oU
6r6dr3qnbrtso 0oqgbggo tr6rq,o Oboq,oqr 48 0oqno6o qs6o oj636s, boq,re
br'b3p.rEbgqggq,r.r 3.:Jogrqob .rqr133rgg6rn6otr 3o39o9o36go 17 J6e6g6goq.>6 16.7
Jt6rn66g.r0q-ogts3Ego6q3br.
.rE:borrb lr.:ggr6sqq36err, 6rn0 brJ6r636go 6o113o11 3g6er bgbg tsggslrSbrtr 6ogo
BrC0o6Cbo r6orgq,gbb. Ur3por6o3, go63g6g66oob b3q,ts3$grnbob,>cn3ob bgL-ob 0o36
B30oq363q,o U3bboL $obab$69brqr qrugr63ob lr.>3mEobornb 2 J6q336og.r6o qroEogo,
:qr6oq,r'rb6o3 qrr g6bog6 b.:tr636'b3 Ern'boqgq,o g6ortr.l qrs o0r3g g6brng6o
Brq,U$ocr)
Eettroqgq,o b.:bb63bob 6r6Ub3r33br, b3qBg63q,3bgbBo sr6U3bgq,o B.>6:SX6g6o,
6mq3brg b.itr.:5%3 blJ6mg36go 5.16.:333or3bol_r 06ots36gq,rn3.:6o 63q,oq,gbot.r
79
B3SorbgCgs8o br63Xblr rC3cr, UAqlCbr 6rerbC(m6 b3q,tsX3Q3qpbolr 0obgq6oor
qg,)godbo630uq, LsJ6rryft)r.r 6r6rgXcngbU.
bg&-o s66d3q,gblr O38x'rbsb ts3bsbrdobo Bs6Brnb qrrb3g$ob 0ot6oor 6olr3oL
aroC6orq,oboe$ 6.>8(.r0qn6s6g, 6r'r63q,og ra corJbc bgqror rSbgbggo o6go6Er6ooor
0so66 3.:6or3rqnr.
qnr66$r N 3.19 brJt6ogg6So b$oronlr tj1)o33boor 3rqrq_qbgqgbSbolr 6rqrgr63r
350%
3096
250%
20("陥
15096
10096
5096
幌
C6,o,
qBCfuC 1-3 o6g0(,9 3-6 o690(,9 6-12 o&0q,9 l$Cq,bCACOo
3)Qoo)
$5s6r'r: l.tsj.>6orggq'rT b g6r'r36gq'o b:63o
3.2.5 blrc,fi6s6oo 6objo
2012 $3q'l-t t-rsjs6or3Xq,oU gt6rn36gg0r 616301 6rs66dgqr 2011 $3q,b eirrbflq',o
lrser.336r6oo 6ob33bolr brbgqr$b3q63q,o Oobbg0ob 6r6be6go3q3br, 6s6 6gqrolrbOerbt-t
brmJ3t6,>6oo 6ob3g0ob 0st6o6otr B.l66t'rb q.o.tb33$rti C.or J6rCOoJ.lBo 6r0r'rgg6gbrlr.
OogbSqgr3rqr o6olr.: 6od 0o0qrr6r63 3@rJfbg 16 &6bg0r'rbb brnJXt6s6oo dnbpbob 0o016or
b.l9ogqrr0b3<g36po JsJo$rq,ob 6ooibr6Elbo, r6bgbgq,o 3rJo$rqtob rq.oCJgt6S6o[otr
3r.rggo6o36g3bo l-r,r3Er6obsqr 6sqrq,or odotrscn3olr, 6o0 Oobqpt-t l6bgbgqo bsoJ36s6oo
6olr3gbob ltorr6sqrm E386o63br. r0slrcnr6, 2013 $q,obo3ob 6.:co3rq,ob$o63b3q,o.:
Jo6gCq,re lterJS6r6orn 6nbp6ob JrJoOrq,oU 0oorbo36g0oU rderj03qgCbr 3r'r0g66ogq,o
6r63gbobo6ob b.>9caq, II-ob bror6Jm borber6ogoolr q9r6g66ob ts31$6r0obsqr.
rArbcDr6, brjr6cn3gq,ob 3t6rn363q,0r br63tu B3o030r3r ArbCq II-ob tJorbqor6oCbt C
q.orggd63b3q,o ,:brq,o lr,roJ36r6ocn 6ob3g0otr 8s6or3ob q3bgq3bob J6r.rXjgo.
b30r'r.sp6ots6gq,o qgcbt|qlbob brO3tsro 33t6bos gJg3 qrs36br36sor 3r'rd36gogq, br63gbtr
q)r L,rgr6r3ern(, strsqro qr3bgqrSbs 2013 $gqb g6qr,: q.o.r0g3o6qg3b.
E6o8363q,o3r6or, 6rnE brjr6ol33q,ertso brbr63o b3igo6ott a"C6 Ar$CUE,o
0rn0trsbg636r q.or 3go36g3bol-ro6olr ts3orr3r$Cbgq" S6rnqfjjgCbo 16 bJrorcDreCbr
3oa\3jbg6xnAoor, 6s6 o0sU 6gq,olrb0erblr, 6o0 brbs63er 0efLsbg6Sbr/J6r'rqggjggborb
qrs3r38o63b3q,o ttoJg6,:6oo 6ob3o rt6 g6qrr ogolr Arerqo. 0':6rqroootror3oU, or3
br3s]6oqQ 6rbJUCrB6oE o grbosEo jrqsq,qpboL Jr'r6OBCq,o O6reo0oUE rq, Osqrq,o
lrsr.rJg6soorn 6olr3ob 8s6r63b3q,or, lrsjs6or3Cggrtso b30rnsq6oB63q,o 6o0r6orgq,36,r
3o83l66ogq, br633bao Jdrri$o3gq,rqr 6.r63oors6gbgq,o .:6.16olr.
lt
tcigdwrq 6obegAob;6A.;6o&aOb;
lrsrnJ36sgon 6ob33bolt s66r6o86gbs ltj.r6o6gq,rnb brb.r63n bob630ob 0sbtsg.r6oor
qr,>o6366r 2011 $q,ob 0g-4 33r6grq,tso. 2Ol2 $q,oti 6,>6doqb3 Jo6pq,rq.o ts366rn3qr.:
lrrr.rJg6rGorn 6ob6bob 6gLrb3b g6om $q,ob lt6a3q,o 0er6r63036o. rqb.:6o86.:3or tSrr8
trsoJg6rgoo 6olr33botr ,r65r6otsggbr 3ggd6gbr bsb3q, Il-ot-t lr.>br63rn L6rbqrrS6gbb qri
6nogr3b Obmq,r'rqr go6,r6bp6o qrs 16r Jog366o36o qrr6l3r663bob lqt6o6b3.>l-t. .>6l,t3bgq',
C$5JbC, 6.>0p36o03 3o03t66ogq,o br63o, SBgrqx'r go6rbbS6 qr.rbr3.r65g6ors6 36or.rqt
rb6g sq6o6br3b o0 9Cs5.>q,trs6, 6.:6 0o3q363q,o ts30rr163q,oo 16o[ 6r6Jo6rnb3b3q,o.
20f2 $3q,b qr3ojbo6g&3go ar0g6o $g.U6. Eorq,or6o qrs6r3rr65gbobre B3gr6qX0r
6rb3qr II-ob EobSq6oor eJcD3E oql 6orq,orb tsg8obr3lqrors6io Eboqmqr 0,5 J6rrcC6gt)
ts3.:qg66qg.l, orr6bob6o3rqr
- 5.9 Eoqnr'l5o q,r6o. org0gs, .r6b3bgqro 0o6rg303boor,
$Oo6qrr qr.>6r3.r66o, 6sg or.r6bob qr.ltq3Cayq,r66fl6C0Jr oor3rq,oUSo6g6b, rA o55bob
qrsbqro3bocn Ya-li g6qrr E3rqrgg6qgb. q-o.lgojt-ror6qrr t6olr3olr 6 6z14 lsroJ36,:gorn
0o3q'36,:. brts3tq,o qrr6r3r66otr Ernggq,r.rbr 891.42 q,s6oor
6.:6ob,:bp36.>. qror5r6sE,: N
3.20-S3 3r'r6.:6oq,os 2012 $q,ob LrerJgfirgorn 6otr3g6ol_r 0oq,or6o q)r6gr6bCbotr
qroEr0o3r.
︒
呻
呻
¨
¨
¨
¨
¨
¨
qnr66r0s N 3.20 20f 2 $q,otl tJst'rJC6rgcxn qr6r3.>r66g0clr qr,EraoJr
レ︶ｃ
Ｏｃｏ
Ｐ３８ ｏ９ｏレ６ｏ
Ｏｃｏ
V
ざ∫ がぶご
ざ
∫
ヾ
Sgrt6r'r: br j.r6or3gq'ob 36o36gq,o b.l63o
Ｏｍｍ ｍｍ ︒
︒
卿珈ｍ ２
５
レ︶ｃＯｃ４●
０Ｂつ
３ｃの
６０
９９ ８シ０
qnrg6r0s N 3.21 brtsgsq,o l-rsr.r336s6om qrr6r3s6630ob qro6sEo3r - 2012
$gq,o,l
V
ざ
ご
が
ざ
∫
ごくべぶべご
∫
S
$gr6re: Lsj.r6org3qrotr g6o36gq,o b.r63o
20
Ⅷ
メ瀾W3
b呻 曲 Oba 島
認剰出翼∬露織篤第罵寵罵
XD00
81
b.>oJ36r6oo qrs6r3rtl6g6o do6oor.>qrrqr gojbot6qgCbs lrs6tq,er lrrbs63o brj6or6o0olr qrr
rbg3g 6s6333gq,$oq,.>qr, 3o0g6gogq, brbr63er 6er0ltb36g6ob 6oie63b brtgbflo. lr,:6rq,o
lsbr63rn 6ar0lrsbg6Sbolr botfub brto, bsbr63o ll6rq,o 0o0ltbg6gbslrcnr6 36orrqg, rbg6g
0rno6,:gb l-r.:6rqrrbqrer 6r6rorg6ors6 qrr3s3tso63bgqr Em3q4fu bb.rg.
qns66r0.: N 3.22 2012 $qob Eorq>osbo qrs6.r3s66gbolr orr6bob6o3o 6rqrs6s$oq,Xbr
8ot6Xfu b,:fu6oU 0obgqr3oor
I 3er6&,t6.r6r3q'o go6r6U30o
r U€obrdr' o&JE UaC6O06.,o,
grlffiob.> qo 6lgoqBlbo
r \.:qxr brAr63er erAsbgr630.i
r JeBC6Oc)-Jq)() t$bi5Jo
&,rau!b36COr
a 6Jerb(,Cbo qD rEAJtrroAJ$o6Cbr
r U.:4396$cfl$s6g6go
AoaLibg63636o
I rCoqcpob or6oar
r btorqxr ttrS&'r3gdxr
aoabrb36CbJ
$5r6r'r: brjr6o33q't'rb X6o363q'o b'r63o
cDr6bob6o3re, org brrnJ55,>6orn 6oL3gbol-r Q)r68r66Cbob 0r'r3qr36,>orr JrOCbs)6oCAob
6ob3qr3oor 3o8b16q'3bor, Cg565J56ACbob U3Cq,rtC qroqro opS6mbr A56C cDrQE oolr'rbrbC
Or'rqrob (0oq,o56 Orn3qrgbsorr 35.85 J5r.636go). qrrbr3st66gbol-r Ege63 g39q,rb3 8bfuoq,o
Jr$Cbo6or tsoqrr or,>qq,ocnrnbsb $r60orq-oAC6b (24.13 Jdxn66$o), brnq'o boqroqnor
8gbr63 "J6rng3b36ol., Agfu10g6go, O656ttC6o3bob J6re63bo66o qtl
3rn666rp6gXbofu.r3sj)6o 0r'r0bsbg6g0otr Jr666otn63bo'aob 3.r$35o6o18o b3q66.>
(b.r36oro er65JJ6AC6ob 18.05 J6e636$o). 5A br.rq',o JrOCAo6orBo 63qob ob3oro
Egr3q,g6gbo 6er0q,3bo6 UAJOCTl$oqlrA rerAorbCbou (or.>6r0Bt6r'r0q,30oU)
pr11p6t6r.rbr/gg36.>qrqgbrrbJl UBr3Ao6eCbJ.
qrlr66rar N 3.23 lsrrJ36r6orn qrrbr3s66gbo 6o3q,3r6orr 3.:$36r'r6o3bob Eobgq6oor.
▼
r l. tsop.> otqq,oonbr
r 2. 6.lr6C oDqq'ooxrbr
r 3. Jtt,ts. t$ao$cr&rlror6, L:AJEro
br6Cas,b,i5 q'rJ€Aoddgq'c
.f.m0",
Jdx.r(rd$C0o/bob6Cu ltj0os6o6.>
! 5.3ot oJ3d,o r,JJqCA.frsBrtu
arry3ffigqntor6o
r 6. ts.tso.>5r'rb<rl/r'rJg6r6o3bott
ACSCC,WT (6 kf$gaCboU
$916r'r: br jr6or33q'r'rlr 36n363q'o br63o
82
bobFlbob E$gHOaAo b 0sr6oyJ.t
bg&-o rjgog6rqr orr6sEtl6er0qrobb 3r'r036gogqr br6p6orr6 6ole63bolr g$$XgrnboL
6360olt qrs tsgltbsaolro OCbOo6Cbob 0o0r6orpq,gboor. bg53b6o3or, bob63L p$gpgerbr
oE 6ob3orr 3rg96o6orlr g.:6X3gor36gbs, 6obo E30go6gbr6 Orqrq,o JrJo$rq'ocn
ts3gdg303qo.:.
sqalto6lto6q.o
.>gorlro6bo66ol-r 9egqrs0b3q63q,obr 33q,r3r6 J6o<,l6oOCOUq,sqr 6Bgbr l6jr6or33q,1.1tl
C6,og&Jqo b.r63otror3olr - J6e6gbo, 6o0gq,o6 t6sg6cn ts3qt3soorb 36orrqr,
qtr3r3tso63bgq,or 06ots363q,ogs6 t6oU3gbor,>6r9. tsglrsbr8olsqr, o6obro6olr 6rn0 Oobq.ogl.l
ogtso6gq/rgcnUo6o66gq, lrj303bcn.>6 qg.:3r36or636gqn tlolipbob bo0o36 er e'rbrtsgCb
Br6bq,Cb8o aod6Car 66d3qqgbr ttjrt6orgq,rnlr U$r63o lrobg30,:6o
.>gorbo6bo65gq>/ergtsrn6o66gq, oJg6o6ogborr$ qrr3.l3tso6gbgqro 6ob3gbob ts3l-r$s3q,r.
brAr6Jo bolrdtAob bbgt hd5ot6lbbg ArAnJo@, !6gtc:,C4r
lsbs63rn b3Corr6rob LbAr LOCOtn6CAbg qt0o3oq66gqlbs ggq,obbOoblr o0rb, t6rq0
bsjr5or33q,r'rb, olr33g 6rn6o6g Olrergq,omb 06s3rq,o bb3s jpgEob b$,r63rn bgigr.r6gbo,
36ogo3gq,.:qr 16o16 qrrOr'r3oqr3bgqro b.r6obbor6o qrl U$gSCOo Eoflbrbg6gbob 6r$6ob
ts3brbs6Bg6gbqrrqg ob3or balgrn63b9r3 Srngo6ogs lrrg3q,13er036o3.:goo, tso6go60s6oo
g3i6rnq,m6opt6o, 36g66re-EerE:6r53bobr qr.: br66r6bJo6om tJcJoo6c6o. b{r6or33q,oU
g6er36gq, 6r63b b36b, 6r'rE qrss0gr6ob 0joqr6o g6omS6orr.rbgbo $3Ernrq6ots63q,o
b3jgotfubob $rt6Eer6.lqgAC6E3borr6 o0olrso6olr, 6r'10 6r6brn66ogq4g3l-r 0og56gq,
bCd$o6rCbbC Ar0rn3oqrgbgq,gboqrr6 6l0o0qo6s6g 6ob3gbob lr.:or6rq,o A1603r.
bobqb,qob 6olt n
2012 $3qb, bsjr6o53q,ol-r g6er36pg0,> br63E.: 6u66dgq,.r 3cn0366ogq,o b.r633bol-r
6r.r6s636ors qr.r0gtsr3gbr/.r6sqolrob bot OCAC6oIJ E30o$0gbs. botbqrolr 0b6o3
tr.:gg6rqryg0err, 6oE l-r3b-6r 6r6sber6gogq,s sbrq,o LCR s65r6ots6663bob grn603boL
0gEer$E3b.r.
3.2-6 b.tbs63n ltolgX1ob 0a0636os6abs
Lt.>jrt6or33q,olr b,rbr63rn botr$30.: 33q,.:3 0rn86gbor6o.r, org0g.: 0r.rfl6Xbor$rnb,:0 o3q,cr
6rbgq, $3q,orrb tsgqs6gboor. 33t6dmqr, Ern6SbrA 2012 $3qb tsg.:qr6obr 134 0q,6 qrr6o, 6e.r6,r
2011 $3q,li 323 0q,6 q,r6o ogo. tsCcgC6rqg,2012 $3qb g336gbs0 br0g.:q,o.:jgogb.b3
ts3.rq6o6.: 1 J6er636go, bmq,r'r g3g53618 t-rrts3.rq,r'r JrJoOrq,bC 6 J6r'r6X6go, 619
0obsq3borrE E3qr169boco 06oE363q,rn36rqr qr.:0rq,o Es83363bq3bor.
﹄ 甥 ﹄ ％ ﹄ ％ ﹄ ％ ﹄
por66r0r N 3.24 l13g6br 3rJogcqbr q_o.> sj6og30%3
■ u駁 発 ゛ b」鬱 B的｀3
■
‑3烙
∝ )q躇 0
$gs6o: lts js6o133q'r,rb 36r'r363qro 6163o
83
2012 $gq,b 0rn06gbor6obob Ggq,oq,cbr $o6r $gq,orr6 ts3qrr69boor t6.r0q.og6o0x
gsj6rn6oo ogr'r 6.>6Jo6o0gbgqn. bgbbgboL ts3brdq',er qrs6r3s66gbob fut96pbbg
ErSJCqro br62ggbob ie6q.o.5a (230 Eoqrxnbo q)56ool Eggo $o6s $3q,orr6 ts3q9r6Cbool) qr
rtrg33 6r$oqrgrb6o3, $q,ob 03r'163 6sbg3r6tso, brb3trbrn Jer66g3q,ob b6rq,ob OcaJob
ts36gq,3b.rd 0rn0636os6obob EsB3363bqr3bo 6csgr6glr:. 336derqr, b3bfu6ob $q,og6o %t6qnb
gg0Jo B306ot6qpr 23.6 J6ogS6goer6 (2011 $q,ob qgg0fut+n) 12.9 JdrogX6$$q93 (2012
$q,ob eamaac6o), bt'rq,o SOoscbot, Bgbdqxr qrr6s3r663bob 0ob3q6ocn 03iE6oq'o
6gbf6X6ob bs6410.r 0oq,or6o b.:br63er tr&l6r'r6mbr6rSob 2012 $3q,tr ts3sqr6o$r 326 0q,5
qrr6o, Ostso6 6cn0.> 20f I $gq,b o6o39 0.rB3g63bgqto 0brnq,rnqr 78 0oq,oo6o q,56o ogr'r.
.rqtr.r6ots6.r3os, 6elE 6g$3666o1r %6qrr 6r0q36o83 oqrgr.rbo636r6gq,o grj6r.r6oor ogrn
6s0er$3ggqro. 2012 $6q'b $o6r Sgq'orsb E3qrr63boor l8 aq'6 qr56oo aro95r6Q)J
6gbg63gbob ger60o6g0ob br6ap6o qrsbr3go6gbgq, jrn6gbrbs q)r bb3r rjgopbtrg.
Ar6qrr raobr, 0o06gbo.:6obs 83166o6r o0$s6, 6<nE 2012 $3q,b L3ltbSbob 3q'rlrogo3.rSoolr
6.>303o0g1-r36ob5Ar6 aoqCb3q,o ts36r'rbs3rqn 201I $3q,cDr$ EgqPr63boor 6r3q'5bo ogrn.
161136g9o lr6qrolr gg0Job Sot6erbgbBo, lsbr63o bob$38ob 0o665bos6ob,:9e3
Jr.rbogog6rqr o6<nj0gqrr, 6o6m66 Eorq,or6sqr ligo3gbob b6q9s6, ,rlr3p arbaosbotJ brar.r
3gsjQorbobob 6sg05nbglr36r0. 3g$gos6obob 9e6qr.rle3 0ogoroorgblr ob, 6r'rE bs6l3bob
ts30r'rltgq3borsb orr6sgs6qrn6ob 3rn3go6og6go 58.6 J6a6g6goq956 56.9 Jt6o636$.>Eq3
A306o6qs. 03rn6X abfn3, 6er06gbo.r6obtS3 rjgo33bob ts3lrsdqxr (rr68r6ACAoL
fubgrfugOob 0r6gb$rorr6 g6otqr, 636rgogr6sqr 0rnjE3q.o36qg.) ob, 6oE 2012 $3q,b
B306o6qr: tr,:J6rn666g<n b36Cc9o, 1563o63, q,o33oq13t6o rj$o3gbob ts3Er'fur3q,or6rnbr, q,o33oqrebolr 6r$oq,ol-r qlr6oerb ggbmg6 Arq,UOrEo Arqrb$r6obr er Er56ob
q,o4oq36 {$o30bleg &(m66$3aob ts3a6o63bolr 6r0er.
qnr66rtu N 325 brJ'<6tn636go LJfuqn
2W6
7816
76%
t4%
72%
I
to%
l$J5c6Xbr3o bJ63qn
L:3q'o>5rT b':
8%
$x4,Cb3q'Cbr
-U*f-6Cbd,
4%
2%
８０
営︐
つのつ
Ｎ一︲
Ｎ︼︐
い∞ｏ
ぅ０
Ｎ︻︲
Ｃ︶
︻７３ ９
︻Ｔ Ｂ つ
︻︻︲
０∞Ｃ
Ｃの０
︻︼ｉ
８２
９︲
０︻上凛︺
つ
０︻︲
０∞Ｃ
Ｏ︻■Ｃる０
い０■２︶︼︶
$916o: bs js6orggq,r'rlr g6r'r363q,o 0153o
84
qrt66rAr N 3.26 0o06g0or6rebob $6qrtu qgoEJcrto6or
r rOrlsJ6oOf fu o ACA.rb€gS"L
r o.j5ogoob b.:6<tubob
br3i5djCoi
r qrrr3oqfj6o rCdr6rbdr
A3tuU€qx,r&rbdr 6qrq'Cbr
r bJ6C(rfr ACAOo6rAr
r arlft5c5d 616o 3ggfio.rtubolr
'b6qu
I trrlrgLbtr .lo66g3qrir 1s6q'r
$9.>6o: Its js6org3q,<'rb 36o36gq,o b,>63o
(r)JA6rar N 3.27 lubs63o boL6g0olr $Eo6qrr brrnJg6r6oer &n63b,:z
600
2(x)8
2009
2010
2011
20L2
Sgs6rn: brjs6or33qrob 3t6o363q,o bs63o
3.2.7 3*)oQ.tgob,:pgjgt6g6aAs
bsjr6cr6Xq,ob brbr63re boboCar 2012 $q,ob brnq,rltl.ror3otr rq,a]3rofl6re r6otr
JtJo0rq,ol5Cbuq,o. Jo63Xq',rqro JrJoOrq,otr Jrrctsoooc6Oo (&11) 13.5 J6og6gtr
U0crq,eC65, 619 b3}-ob brtrgq.osEb3qrgq,m b6rber66oo 6r6brbq3ft3q, q,o0og%g 5.5
Jd>e696ggqn J36jgoor 0ggor, brnq>o bsbgqgr8b3qggq,o JrJo$rq'ob JrrCtsoGoC6Oo 17
J6rn66gb .rq$331-t, 6.>6 5 J6r.Ag6ggqo Jg6jgoo rlrSbgbU 0o6o8rq,g6 6r'rorbo36rb.
rbrq,rrAoU6o 6rBg63bq36o brb0q, l-ob Sob3qr3oor 18 Jt6rn636gtt ar 23 36)oOC60b,
boq,o br%Oq, IVIII-olr $o6rb$,r6o AJrEAr6oECbCboIr 0ob3q6oor 16 J6r.r6g66br q.or 19
,lt6r'r636gb ggoqrq.ogbr. or3otrcDr3r(r erbrq',or 0,:6go3o q,gp63gob JmCBoGoC60o,
6rlEgq,og 16.7 JFmg36gb E3sq5gEL. 3g6er 639o13, rigo33b8o qo33oqg6o rCOoacbotr
tt
armal q"6,r'bf63arAq[ q,s Ji6ot66rp (s6l:agqA%) a30olr$rq,/br61rAq3
85
0rqsq,o b36q,t6ooro $oq,ob 6rder, $Eo6qs l4bbg0o/3$oorq',cDrb 3r'199o6o9Sgo 8brnq,oqr
3.,1-t ts3rq.oaC6tr.
sl-tgg3 Jrni5ogg6rqr s6ob BSgsbgbgq,o 3rJo6rq'ob ir6qrob 63bg6b3bo, 6r'16r'169
Eorq,or6rnbrBo ,ri6orn6g6orr lrodq,o36ob, rbg33 8r'rE6gbo.r6crbob 3gorboor. b,:36gqro6r'r
qr.:6s3.r663bob E36qr6o0o ArOCbob 3g3orb333.:tso6, Orqrq,o lr.>rnJg6rgoo Eo63bolr: qr.r
a3rn6rn0o3g6o rj$o3cnbob 6rg6ar.rb3lr3bolr tsglsbsOolrsq.o, ls363qrogo er6rbrdTxCboti
8309o636oor Arar.l$3C3q,o Ecr05Xborbobob qrsbtq,o @.>B3Xbg[qgbo .396o q6r.rg6oor
&n3q,g6sqr UECgr ts3grbq.oXb. r0rlrcnr6, UJOC JSrjgo3rtso rqr,:J6o63bgq,o
3o6g66o3q,g6o ttiqqrr0bCeSC(,s) Jerq,ogo3ob ts3b,l6r0oltp, brlot6rn3botr
ts3Eorb353stso, bs3rqSgr.r 6ob3ob $r.r6olt 6r63339q,o ts309o696.>, l-t963fuq, goor6CbrBo
.:tr33g Jo6g6gopt6 69936.:q9 E3odq,gb 6r6oboq,3brnqrgb.
qro,r66.:0r N 3.28 3sJogsq,ob sqgg3sgg6rn6ob 3rnggo6o3ft)g6o
20%
８
％
６
％
４
％
２
％
０
％
８
％
６
％
４
％
２
％
０
％
.so os*
..+ -..+ jl! s$
.P ^.9
d *d .tr,ilr 6Js
ri ".P
#"3
"of "g"J$.\).(n (Bl)
JoftOq{AD
_$l_{nqxtuOo
l$tAA'riLCABCq{r }soor<io (}J2)
-
q{€r\)o
螂期慨秘務協鰯％﹄
-ir_{tu
b:jr{5ot33q'ob X6o363q,o 0r63o
$grtlo:
qn.:66.:3r N 3.29 b3lrtrSbob 8tsJ-bors6 or6rgs6qnbolr 63JoR
""."
llX%
い 05飾
SO% l$br'b&'r
¨
← も3
いも
t6olrJd 0('fr
.""*""*" "*-.dt"""'
n*ou'
"**ell- boriS "*. J""J *tr oo**s*
-bdrbCbo
23
フ5%
63\U66rD 6s&'r$r6q'or Jsrqtr,oJ J<,JbJrOrfJ tsoq,Ofno,
-OCEeC60or
$gsfrrr: brjr6or33q,erb X6t'r363q,o 0,163o
86
3.3 0r.r0btut63bgqo.r ggqg$gbob qrr6,:
2012 $5q,o broSOC6Cbo cgs 06o0353qxr3,:6o ogo 8o0b0r6gbgqor.r ggq3bgbolr qr,:63o1_r
8o0r6o13q,36oor. $qrob 6r60.>3qerb;tso tsgo6oBbg0oqr 3r'r0g66ogq,o br63gbotr Eb6oqr6
0er0b8.r63bgqorr o6g36Xl-r3bob 0rjboErqg6.lqr 6ror3sqrotr$o53bobr qr.: 0roro go6s6bg6o
6rbrorq,gbotr qn6ob r0rqq,36olr 3Sorbocn 6l6bo6gogq,3bgq,o gerbobdo3bgbob 0fsr6qro
636q.og6gor. 6.rdqrg6od3 3o33t66o3q,3.r 6.r630s tsAl36s bJg6o.rq56o 6UJqCO., 6rnE3q,og
do0bEr6363q,o.> 3gq3fubob erGBJr Cdqg6Cbr q)r ArnoGrBtJ 2O1l
$3q'b .>0rnj0gq.ogbgq,o
do6oorrqro
sbJgj6gbob
8mEbEr536q,obror3oL
8166o3 e'r ArbrACb C65bC rbb6rb.
$3lrob
dadb4sti?bgqoot Egq.Cb?bolt qs?g olt As1gagoolt €tAs
Ern0b0.r63b3qu.: ggq,3b36ob qrg3oL 0ob6oor, lsbXqr.:0b3qr33q,o Jrnq,ogo3oU
q.ogJr6gs0g6gol, 6gEsqr536q,obrBo E30r3rq,o tsglr.rbrflolro bg6glggrfuq,o g6cn33q,o
XC6 JoeCA 2011 $3qb ts9oj06r. Eer0b0r636gq,orr ggqgbgbob qrrg3ob 6r6gtngoq,g6ob
do6oorrqn gg6j6o.> s6ob b.>go6r6Ler b3rjgmr6ob l_rE<n0b8s63\ro b,:%r6bg
6rn8b0t63bgqorr ggq,g636oL qrr63olr b.:3oorb3bolr 0rn6ogrn6o65o. 6r6qgs ,rOots,
b56gt'r3oq,rCbr g%6g63Xq,grrgb 3rn6g6gogqr b.:63366o q.orgojtro6gbgqro J63gg6j5o3botr
635gg.r6gq, r6sq,obl-r.r er ACbrbrAobo b6s6olr6o3g6o o6go6Ergoolr Arbor3bCbrb
Ufugotq,g16rqr 0rn8bEt63bq,gbob,:or3olr Egl06oq,o 0rn0b0.r63bq.,o!
6SCfut5C.
2011 Sq,ob ogEobo - 2012 $q,otr q96g6b6ob JX6ooqrtso 0,>63gbtso bgq, qrrgojtro6q_o.:
3,853 3t639369ro.:, broqrs6.>6 AqCaAC 6r6boq,gq,cnr6r6 49 J6rngC66o b.:63gb0r
brggd3qnrErqr 0ooB6o3b ('r Asfb6r63bqob trsbr66Sbq,rnqr 6rer$$ooCb, boq,re 51
JFxn6X66o gbrggd3qxn sq0r'R6qrr. bro6g363bo, 6ar0 ,brBr63rn 0r,r0t_rrbg6gbob
Ar$Cgobrb
Ec.r8b0s6gbq3bot$o6olr r3goqr3b3q,o obgrn6Osgool_r Eo$r,rqrgbolr
sEnj03q.ogboq,:6
$XLob"
Jo63Xq, 6.r0pg5o0g or3g8o 0o8bEr63b3q,orr lrsggd3q,o.r6o Jr6gg36$qbo
$s66obqr,:
gbsggd3qxnb, boqxn 0o63or63boor 3o - Jo6ojoor, J6ggg6$o36ob 0ggo goqn b.r6gB0r
UbrtsUd3q)ma AooBbogb.
rq6o663qrolr do6oorsqr OoS39crqr E3odqr3b.> Eo3oB6ooo ob 5rrtrgErn36.:, 6rn8
0o0b0st6gb3q,cos J63g369rogboL tsCCgCAre 3r,r036gogq,o bs633boli 0o36
oqrg6gogo6o63bgqro 6er6rn66 ggj6o3g5o, rl_r33g 0o0b.:bg63bob bs6obbob 0br5o3
st6ti3b3q,o br633!cabo q6rn3q,rqr oj6s,lqEogb36oqro.
(nrA6rA5 N 3.30 3r.r0g6gogq, 6r633b6o qrsgojbo6gbgq,o J6ggg6trqbo, 6c€3q,ors
鰯螂鴎翻鰯甥鰯慨協鰯﹄
6J6boq,rgr erb6'.,Jq[A3q,or
lo
\)r'
r 6i5JC8ob &,C6 ArR6CUq, oC6r Ubi3efuqxrA
! br6JJbdr aoCO ffi6CUC, oC6r tlr8flfrq'rlrbrA
$gs6er: bsjs6or3gq,olr 36m36gqro 0s63o
87
2012 $gqb g6er36gqro bs63ob Oer6b8r6gbC(orr g8**r6ob qrr63olr Ar6gmtsoq,Cbr0o
trgq, 325 J6gg35bo.: Eg0r'r3oqg.), 6o0gq,cnr6.r6 g66r3qgbobs - 190 gSg,ggo6oor
q.osgojLo6q,:, 70-0r Ern0Mr6Shq'As Cq,Cdg6,o6pq,o grnlrgoor 6e636r6or,r, 6o3oq9or 49
$C6.q", brnq,rn 16 Egr0b6.:63bgqn Jo6rer(r 6gbgg0t6l. 0ogbgqrr3sqr o0oll, t6r.r0
0oEbds6g63q,cns ggq,36gbob qrg3ob 6r6grngoq,3bstso 630rnbgq,o J6Xgg6bo3botr
6rerqX6rnbr 6s636o qrgojb.6CbAg JSggg6bqbors6 63pr6g6oor 6go69r, onorrggq,o
0g0cnb333r eCOrq,36rA Ar6oboq,Cbr 6o6r'166 ts3lrsb.:Eolr 3o0g6gogqr br63or,:6, rl-tg3g
U3L-ob lrb3r bgtfujgg6gq, 36or3gq3bors6 q)r 6efb0r6gb3q',b Oog$erq3br
33,:q,ogogog6o 3o6Lgq$s6os. rErtrcor6, 0o0bar63bgq,orr ggqSbXbob qrr63otr
6s6gogoq,gbob 6o96 665gq,sq3q,rqp bcr66ogq,qrSbr 3o0366o9q, br63Xbtso
q.orSojbo6Cbgq'o J6COCEboSbob 0r'r6o$rn6o66o tsg6B6olt 6icoor r0o36X8oq,o
Jt63gg6bo3bolt E3bsb3b, 6r63oqrr5 o6grn6ds6oob Araoobm3obr qrr 6r.r0b0st66b3qor.rb
3o8g6o3rgoob 610o936g6oor.
6ogb3qrr3sqr o8obr, 6rnd g6rn3fuq,o br63ob Eefb0r6C60q,orr ggq,gfubob qrt63oL
6r6gogoq6bolr 0orr3s6 gg6j6oslr 2011 $3q,b sOerjOgq3b3q,o .brbr63rn E6dbsbg63bol-t
6r$C6ot rb 0o0b0s6gbq,ob.>cn3ob rg6oq,gbgqo o6grn68sgoob $3l-tol-t" rqb6gq,gbr
$.:66o.:qg3g6lt, 6r6gogoqgb.: 6r6otroq,s3qrr qt 3r.rEJgg366oob g.r66q,3btso ArbGCaeJ
613rn036qrrgogbb 63bob0og6 J63gg6borls org brBo3s6orr6 qrr3.:3tsot6gboor, i6er09q,og
qrr3r38o6363q'o ogo s30etbb355bgq,o S3bob 6363q,o636ob bgg6nnb 5st63or st6b363q'
lt3oolbgbot6: $gtror 6g6gq,ot(6bgq,o go0ogob tgEoor fuq8g6ryq,g63bo, boS6Stl
tr3bb3bo, 3rn0g66ogq,o bs633bob 0o36 qrrbr3Sor6CbCq).
3d6r3o jcr6gbXbo qrr .>.ts.
ttfupo5ob 6?go6s6bottC0t
bg&-ob 0og6 2011 $gq,b Eg6oqC0gE o b3bbol-r $o6Ab$6gbrqr qrrg.r63ol,r Ur3r'r6olrornb
Orjbo8rqrytrn, 2-J6xnOC5Oor6o qoBogo 33q,s3 drq,rEo oger qt Orqrq,o 3rn6,y3636gootr
Jo6obgb8o bqgbrnqt Eolro rjgoS6rqg 6r6er536Xbr, gojlro6qr3brnqt J63g36togboL
E36cnb36g6o6.
0ob5oE6o 0rq0b0,:6?bs!,o b JE@{tAs
2011 $ql"lr boq,cnb ,,ts306rbpq,o b,>633bo[ 3n6qro brS6orr6o6olrrn
orr6satl6maq,mbotro6olr" (SBFIC) Ab,:6ps$36nor.: er Jr6o6om6(nboor qrm j6Er 3.$.
0olt6og6o 0rn0b0.r63bqob $qmr. J3qlCBotJ 0ot3r6o 6obr6o ogo 3mE36gogq,o
br63g6ob 0o36 gotn3g6o Jo63bottor3ob lt0o0b0s6gbqm 363qngolr 6rg3Eobr qrr
ltqr3Bo$ogo 0o0brbg6X&ob ArSCaob qr6rnlr lr63q,o, sg6oq,363qo, 6rbs63bo, COUUr6o
qr.: orr3obqr6r'rgq,o obgcr60l6oolr orr6Eo0qr336gq,o 0o$oqrgbob, ,sb6g, 3qro36gob 0o36
6)ArnbroUq,lo J6ggg6'booL brg3d33q,9:3 J53g369root-r 6rgbrqr3bolr ts3t-udqlbq,obobs qrr
Srorlq 69.>go63bob l-t.:3oorb3bol-t ts30r.r$0gb,r. JAq,,C3r BJOJ6er 201 I gqrob q.o630b36o 2012 $q,ob or3b363q,ob JS6oerqr0o 6r'r6ot6g orboq,otrBo, rt433 6ggogrbgbtso. 333q,3ob
E3q66rq tsg0rn$Eqrr bs'br6bg s6bX6gq,o $3bo br63olr 30 Boq,orq,o.
6<n6r.r66 0rntr,>qxnq6gqn ogrn, JAq,SAra 6r6r't3q,o6r 06oEg63qo3s6o bs6pbgbo
3ct0366crgq,o b.r6Jcboll Eq6 2011 $gq,b $mjOge0bgq,o $gl.rrb 0oorbo363bob qrr63ot-r
3gorboor. rq6o663qn ps6qgg33bo Eno6r3qrr b$3gbob 0o36 Lr33ors6o o6o6o.:go3oor
J6oq.oSj$ob go6.:6bgt6o brr6xCbob qr,: lrs3rq,ggcr 6olr3ob ts31r.:b36 obger68rgootr
r60o$oq36.rb, CACdOU6o ltJ6m6g56r'r 6r6s333omb.r er b)Arq,lgom 6olr3ob .>6>$$r.rdr
6r68r5630sb. rb6g, 6r0qrg6o03 EX0orbg3sAo Ern0b6r63b3q,b s6 8o3gs J63rJg6%ool-r
$36oq,erboor qrgojlto6gbotr t-r$grq,3b.l.
Eo3b3qrr3;qr b30n.>q6ots6gq,o qgrtlg36gbol-u, $3bol-r .:6oj03qg3boqgrb ArUUq,o 40063
J3r6or.rqrob 5ror3rq,ol.t$o63boor, bl9c.:t6%g s6tt3bgq,o 8qr6g6r636br
e5a5Jar5m3oq,30qr,:qr E3g,>t4rr. ar6er sEoll, rq0oBX6oq,o br633%gbo q,J6rq,U6re
ogn 6.i6troq',gq,o cr,ocr,rnCUql 3mE36go3q, bs63o116. tsCqgCb"e, bl6pb3bob rgflggb36otr
88
0o$6oor, br6336olr 0o36 qrso6g60l er UJ3C gr6ber66oCq,qt E3lr.:b.:0obo qo6obdo3bgbo,
orr6r0tl6oEXqrcnr erar$CbocDo 0696o6636olr B.>cn3qroor.
rqbr6oE6s3or, 6r'18 $q,CArEo, gr6C amAJr6oob 6r6qr.:, g6o36gqn 6r63ob
orr6.r0tl6cr0qr3bo6 oqgbq.o696 Oo6r$oq3o0Jr, 6s6 doqgbgqro q'r b5JArsre Xgglgo.:6o
J6sjgo3rr.
0bogooott qsbrrffiob qe?
2012 $q,ob rnjger80g6Bo b.rjs6cr:g3q,retso Jo633q,rcp rqo6ots6r Ebogq,ocr qDtbr.lbgou
qgqg, 6et0Cq,br6 br36soqr eoeo ob$rn6or rd3b qor Olrrngq,ornlr d6r3sq, j3ggr6r0o
bb3rqrrbb3r qo6obdogboor 1925 $qoq_or6 rqo6o86gb,>. go6oLdoX6.>b rn66r6o9ca0rb
f$CgSg6CE 8906,>b33q,o bs63gbob go6qn ll.:36orr8o6otro or.:6.:086o0q,obolror3ob,
jsSoryqo 3er8366o2qro brb336o, bsjr6o6gq,oU 6.:63gbolr rtJ1n3or3os er trrCr6693Cq,erb
tr.rb.:63rn 9636o65 0C6O6o, $3gg ttjr6or33qrreb
36r'r36gqro br63o. trJ36o.:qg6rqr sE
qo6obdo30obror3otr tsgoj66r 0Lr'lgq,oo qrr$o63olr q4pob jr6olgqo lroflboq,rn - .66o3ot'
qrr qrt56er3g6ob 33qr$gt6olsq0o 0odq36oqro 3oqrgrn66rnqo 66r.r3o.>tr 6o6r$oqr3r.rboor.
,:0sUorr6, qerEobdogb.:tso Oo6s$oq,3 b.:6gb0r Or3tsgbls
er a?rnAq,CbfcC o6og5go63b3q,
bb3rqrrlrb3r rC6o3rnbCbtso AraoogC6Cb 616o9o.>lr lro66rnq,o3or6o b6rntsg6gbo, Erobg6gbo
qr.: tibgs 0,:6ggo663qro OsLrq,3bo.
6bogq,oo erbm6gol, q.oqotJ gt'r33q,$q,og6sqr rq6ots36ob g6rqn6oo! erAJgoe6CbJ
go6s6l-tg6o U3j6o6obrpEo 0otsbqgobolr 6qobolr r0rqq,30ob bXqBg$gerbob
96or-36oro
b$grq6br.:.
bo6C6Aos
rqlrs6ots6r3os, 6<nE gsr6qrr 0olro do6oor,sqn ggbjgoolrr tsgb63q3bot_r.>,
0r'r0b0s6gbgqrorr ggq,3fubob qrr6gotr 6r6gogoq,Xbr b.r3Oroqr rCOoC6rq) 0er6r$oq,3r,rbqu
bb3rqrrUb3r t6ol-r3ob oq9366ogo6o63bobs q)r brb56Jm t3qrEbgqgq,3boll:o5otr 0.:oro
6r9bo.>63bob JUcDboo - AraoAq)o6r6C Ebrnqoqr o0 o6go68r6osib3 qr.:gqr6oboor, 6.:9
6.:6grngoqr36obror3ob J63g36$ogboqrs6, bs63olr trJ36ogo336o r6gr6ots6gbg6oqrr6
bqr36r'rqn g6reboq,o. gU 6r6l-rr3gor65boor Lrg3r6.:qrqbo bsgrq>rn lrt363qn$o qrr
bloJgtSgoo 6ob33boL 311cnboor ogrn.
V
89
4,:t6,:ls8r63olrd$rr6o
a.l ll:qs\g6o Uggfxn
trs.:66r6otsr'r J66ornqtso 36r.rg6gq,o b.:63olr J6oo6oOCOo qrrg:q3g3otl
9r3qr,>Ob3qggqoboU 6ggo60ob 6u66d9q36r ogo. 6ggo663bob 83q66,:qr .r66r6o06gbolr
rbrq, tr$rbqor6ggbb3 6.lqr.:b3q,s q,r brer%q3C3cr 3rndJs6o3botr 6gggqro6gbol_r
ol565AC('6r'lgC, lrs36cns8er6olrrn qro5g$3 6r3r6g3q,36gq,o Ogorrqr3bolr
erbC6ASr b51b6ob
&n6r$oqpgbobrcn3ob s6 sq0r'rB6qrr AJ6OoAo. Oogbgqrr3rqr o8obr, 6rqE 2012 $q,obo6otr
lrrqrrbq3C8rn ltg36r'rb 6r63oorr636stso 66oB363qo3r6o 36m66glro qrsgojbo6qrr,
g6o36gq,o 0163o 33qr.>3 6s6s66drnbqrt Uob63Ar6q36 Ogts.:rnbrb lr.:psbg388rn bg3r6tnt_r
E3go 6r63oorr63bols qrr 6r0s6oy3qr4g g36j6oer6o6gbotr.>o6olr.
6s6X69q,o6363q, 3r6o60qr36gcrbr0o 6.r6&n66oCqCAUe dor6oorrqr 63qoq.,gbg6rEp3
(2007 $q,ob boqxn) 56, r6lrg0rnbqrr bsqr,>bqgg3o 6rb6ol-r
6r0r6ogqo brbSqt8bCqggCq,sl
LobOCAr (,r JerE oooJr, 6erEgq',og br8prq,gb.:tr Eob6g0qgs 9r6q.o.:0bXqpmq,tr
bdrgq,grbog6sqr 6l63bo66o3q,3bo6s Erlrls3 3tber6oor qrr3otu63bgq,o Ern3sq6r'rbr.
aojfuqgo l-t3s6o5EqrS\,r.r 6r%1 56 ts33lrsbl0g6oqr,: l$g6orrtso6ober qro)63!cA
6r36ocq'969q, bor6ar6oCab, 3o6roqr6 otr arn3q,3bgqro og(r ts3b.rdq,gbqrerb.:l-r
6s63lrstq36s b6gq,gngoq,o go6s6bg6o qrr lbr66r6o66gbrn 0r.rorbo36gbo l$qrstq333r'r
6o36r lrs38r6ol-ro SgqSbr0oboq,gbr brb6olr
3rndJr6o3bolro6olr er
b3qr.:0bgqr33q,obor3olr, 6o0 ra UJrbrIrJECq,b .:qglr63q16o6r 3s6o60q.oc0E oOob
0erolrer36gbo orr3otro 3rndJggg66oob gs6gq,gbtso. 3er0Jr6o3bob gE6r3qr3berbs 16
rqg6g6qgr go6,>6b96 s65r6o06gbg0lr, 3o6roqrr6 16 ,>6lSbobqrs J36oerqrgq,o 9o616l,rg6o
.r66s6o6ob $r6qg66ob br3t6o60qrg0qrm 0rnorbo36s q.or bgqg$bgq33qo oorbrn3qrr
0boq,oqr a$o6 bOr0ob0oJg6 o6go66rgoJ: bsir6olr 0er6.r$oqpboUrA,r6; ob bs63CgcCbo
qrr BXgllsbr8obgbo, 6o0gX6o6 cgsts3gbgqro ogrn ltqrrbq3X3o 63bX66gbob qrm3q,ob,
0rco qrJtgs6sqr rggoqlbgq,o qn33oq136o rj6o3g0ob 0oobrng6olr, qgr g.$ ,,3,)Jogrq,ob
,>qlx13s6g6e$oU' $3bgb8o, 6orgq,o rqbrjO3q,o cgr 03brb63qr3b3q,o oggr, 6rn6r'rr6g
brb6olr 0o6t$oqlgbolr.:o6ot-r, slr63 b3q_os8bgq3Sq,obor3olr. tsgodqr3bl oo{3slr, 6r.10
b,>qrrlrqgC8er b.>lr6ob ElttrgSgqo636gq,o 3r6o6EqgC0q,obr $.:60rnrqg656q.o.> 6r'r60rgo33bolr
363bgq,b, 6oEq,olr 0r'rcnbo363bo6 0boq,oqr b3qrsJo6gq,rqg b6gq,qr3br.rqg.l
v
6g6gqo69b,>qro bgbogjg3bobr qr.r 0r63r6gq,o6gbqolr 0o96 qrs .:6 gggd6Xbcrqrs oE
gsjgrnrfuAob Amrql36 6rbboq6sl-t qgJ ACb$rBq,Jr, 6r.r8gq,o6 3lx.rq.o36 sg6oq,gbgq,o.r
brgrs\gX6o 3tn0Js6ogbob b63ggrbo3.:6o qr.r 6sA6oryq,o ggft6or.r6o63boblor3ol_r.
bg0etq6o86pq',oqr.>6 6s8rn0qnbr6g, grjgrnb6o3rqr, E3gdq,g60q,o ogo lsqrrbp333o
bgjgo6olr CtsCCOorEo qbgerEbgqgmq,rnbolr 6r6bo66o3q,3b,:. bot_r6g0s brlo6oSbqr.:
6rqro3rqry6 63oq,g63bltl qgr b3qrr0b3q.ogCq,r.rbob b0lr.:bg6Bo 0.:qrqr33rqrogo6og6o
3re6Cbob 0o%oqr3rb. rOob 6so6rq,olr$.63b"crr, lsqrs$qgggo brbr6o[ 6r1.>6brqgbob
aob6oo;, sbsg0,> b3qgr0bCe3Cqar (go6sbbgr6o Eer6oger6o66olr bs0lr,rbg6o) brggdgq,o
tsrggs6r bb3rqrstrb3r brbob 6ggor60gbbr qrr grn6obdog63bb, 6olr tsgqrg6,:qg,:6
BXbldqpbgq,o Arbe5 9o616lrg6o bst6oL ra
Eo0rr6olgqrgbolr 69rqg6o
b3Cg.l0b3q.omq,obob 6s$bgr66ogqpbs.
2012 $qobo6ob q.orgojbo63bgq,o p.rp3booro er Jnltro6og6o 0rB3g63bqr3bo,
6r6Jo6rnbgbpqor tr3qr.:0b3q33q,ob 0o96 brnqxn $q10o[ 6r58r3qre0,r!o bJOr6)C0Uq,
boll6g0g6o 0oq6rn0gboors (rr 6ggrn60X6oco. E3oj06.: do6ocnlqro L.iqg.5bq333c)
Jr6r0gg6g6ob, l-tqr.:icqgg3r'r brbgrnbgbol_r q)r Aroo b$r.r6o q,:a63g36ob r8b.:b3gq,o
brgqr3q,o bOrOobOoJU6o grn68gbo, b,rg3dgq,o 8.rg9.:6r .:brqro lrgr6ob6o3g6o
J3r60rq'g6o qor $q,,oU6o grn6E3bob Bg8gts.>3gbob J6r'r6gtrb. ttqsbq333r'r 3r'rEJ.r6o3bo
90
gr.IACq,J3r6Orq,U6se rBbCb(,6C6 qrr8r6Xboo gcr603bb, 6er6q3bog orEAoalpCa6UE re
rtrrbr3er bSqgrAbCqgmq,ob ,>brq,o $gl-136oo Cgreg6C6oq Jr6s036630b. orga6r,
0o3b3qr.:3sqr 0.l636gq,o63bq,ob qrrg%o5s3o drq,olrbfl3golrt, t6qrr$q3g3o b.rb6ob
C6olor6 L$r6q'rt6ggbbg Ererg3r6ob J6o6gbo b.>3Osrnqr Jr6er6q30g6o rq0<nts6qrt, 6rqr6u6
J6,:jgo3gq,rq .16 .:6lr3berbqrs js6orgq,o lsqrrtq333re b.:b6ob gcogrpo j66olr (Business
Code) s6 6o03q,o63 3r'r636gggq, lrs3oorbcos$ qr,:3r3tso63boo rbo6or3ool,
Br6Aq,CbAo
tsg0g8r336gq,o q)5 brt6ob g33qr Or.r6r$oq,ob Eo36 0oq36gq,o tr6r6er6$o.
B3ltbr6olsp, b.rqgrlrqg3o bg3,6erl_ro6ol_r rggoqSbgq,o g6r6-B3X33bolr s6r6b3bobot_r
Jo5o63b8o, bgqu6fuq-ogqL U$mqgr obgon tlr6sqro J6o66oJgbolr 6.>60.r6ggbs qr.>
qrr63663r, 6r'r0gXbog $,:60rn.rqr6g636 bttr6otr gg6jgocn6o6Sbotr .rp6oq,gb3q,,
gqg035g.:6ryq, $obrJo6obrb er 6rrAq,Cbog XC6r0 16 3jr.r6qr,lco 5,:orrgoLg6pqn brt6otr
6r.r6r$oq33bb, 0ogbgqrr3sqr trCCoer6otr .:6U3bobob br6g6dryo3o J36or.rqrobr. (0,:6.
6sAma3tsrgCb3q,o J638os, 6gt4639bob 63qoq,3bs, 6rqgrd$q36q,ol-r $ogo 63bg6gbBo,
bl6rqros6rnbot.r 3r.rg9o6o366o qrs .r.8.).
brOr6CAUq,o 63ger68ol-r tsCeCAssg ts36g8r3qrr SCU", 6r'rE3q,og odq,3oqr.:
Eo6o0sqr3t6o JrJoOJq,oL BUqJeo 6,:$oqrot_r gc.rpq,qryog6o EsEcngbob
3r.r6$r6oq,ob
b.rts3.:q,gbslr. o6olr 5rorg.rqrob$o6gboor, 6r'16 6oqrr rqr6o6b3os6cebolr J6r,rbqr3E.l
er0rbJroroCbCq)o ogo b.rqr.rgcq3ggrn 3rn8J.:6ogboL g06.:3qpbcnbobor3olr, drq,stso ts33oqt
.>bsqo $glro, 5<n0gq,6s6 qr.uqr6o6r Ernorbrn36Sbo lr.rqr$q3ggcr
3o6Jr6og6olr 0o316
ttqr$eq333o roJg6r6ogbob rOlrlb33q,o SgCOrq,-J6o obgerSErgootr tsg66o3gbobr qr,>
366blnoro grn6r0oor $t6qr6g6ob Eodr6orgqr36oor.
ts3Ooq5bgq, oj6r tr,sqrstq3g3er 3o0J.:bo36ob 9o616lrg6o .166.16o0g96olr grn603bo,
6t.r0qgbtso6 0.rjtro0rq,g6rqr s6olr 6scn3.>qol_r$o6g63q,o 33r6r.rgr38o6oli
$ggEgbtso
brqr.:trq36r'r 6ob63bolror3ob lrJggorqS6rqr ts$A6oq,o b6rbAr66Cbo. Jo633q,
3g.:Jb3
Usqrslep33grn 3o0Jr6qblr Oogorbrn3.ror ger33q,6r6grqrg6o go6r6bgr6o r6Ar6oBAC6ob
$.r6q.o636r 3q1f,66rn6gq,o grnt60oor. .rbrq,o go6r6bg6o .>66.15o8636r br66d69bq,.;qr
6r6bb3.:3qr3b.r b.:qrs%q333o bs$stibg $q'erboo Bs0ogsq,ob363qo grn60r6oUrgr6 - Erlrtso
sol-t,:bs btp.:lrp36r'r 639r3633bob qror3qrob qr.l .r66s5ots6gb.:tso .rlrtb3ob rbrq,o 0op6r.r0.r.
rE 6r6g0ogbob 5,sor3.rq,ob$obgboor, tpqrsdbgp33q,o 6.>Eqrg6o03 or3olr 6r66r3q,rnb,rflo
rOJ6Cber g63o6o6pbb b.>qrrbp333rn rn66r6oib:go36otror3ob - 9r3qg.rEtr3qr3gq,ol-r
0gbrOsOolro 33rqngo3r6oob 0jm63 2q63go ,:qr5oq,.b3
3trEr63br.rqr.r rn66.:6obrgo36[ rbrq,o
.r66,:6otsg3bolr qrr6g6g3stso.
Aslruq, $q3btso tr.:qr.:bq3g3r'r bal6r.r6o C$rJr.rb6o3re, 6r(t3cl(r1 Fnlrpbbg
qr.:g3d63b3qro b3qrEbSq3cqrrnbott qrr 03Eo$Egbob J6o66oJ3b9ca (risk-based inspection
and supervision), 61019 2012 $q,obo3ob 9caq.o.50b3S.o3gq,l.r tsgqr.>636oo 6rgrq6oq,s oE
o6og6$ot6o 3r'r3J.r6oobs eJ Arbcr,Jb OoErtlor3brtso AJtJJOr6CbCq,o qrn6olrdogb3botl
oq66gogo6o63br, 6r'r0gqo6 orr3olro lsj8o.:6rnboqrs6 6rErndqro6r63, 86ots363q,n3,:6
6olt396b ts3o13,:3qrr. &1AaC6o B36og03bgbolr bob6Car B.r6r63q,qrr 3r,r0J$ogbotr
J3t6oerqryq,o ts30er$O3bol-r l-robggOoo, 6r.r0gq,o6 3ggd630oq.or 3rn6363ggqr
3er0Jr6ortso,
0obo r56r6oB6Xbol-r s6sq,obolrs !9r ACb$r3q,lotr tsCsg36rqg pobgs66ogr6rp er6rbuq,
br6g3'b3bt-t qrr J6erbqg0gblr. 9caq.or6b3q.og3q,ol-r Eo3r6 lr,lqrrtrq333g gr66r6oS,:6o3btso
tsgEer$E3b3bo do6oorrqrsqr g,:6qgbrnqr.r qrotr6s6gog6sq (,r6rb3q,o J6obq,3E36oli
b.:ggdgq,b3. sErUorr6 36orrqr, rqr5oq'9ca ts3Er.r$Egbob qr6r.rb 6,rEgo33gorr otrgoro
J6obq30s6gt6o lrs3oorb36o, 6rn0q,36o6 Lr.:g3d3q,.rqr er3Elel sbtq,o S3Lg6ol_r
ts3690r33b.:ls (,r rAoCACeCbrlr. sqlrs6ots6.:3or, 6rnE %3qrr0bCe3Cqlou ts3tqgqggq,o
Ugq,Cbr0elboq,,gbs brqr;%q333o 6r'b6oL 0rn6.r$oqrpbob.rcr6otr br6j6ogboL qor$CUCAoUT er
g.l6brn{66o3qgbol-r 0o6.:6orgq,3boor r6s36o erb6Js}q,Cbrb j66oqrr bsq.:trqg3rn bsb6otr
Ltor.:6,rqro 6gggq,o63boLo3ol-r. trb3r d.l636gq,o63bgq,o 6rn6Ar6o3Cbol-r J.r6,lqrgq56,lqr
91
lslo6rn 6rbqrs o0 656gqrs6o3bolr $qloqrCbr6, 6oAq,Xbo6 b.:qrrbq333o 3o0Jr6ogbotr
6o36 g,>6er60qrgbq,obob qrr6q333ob J6rn63b0o ojbg6oqg.> AJa1'}UC$CbUq,,o (rr
t536gqr.rgrn6b 0rn0,:3sq:o e'r6mCAob J6Ca066oobt qgr rq3gonU lt6g.rq'gbsb Eolr6g0qr.l.
r0 0olr6ocn 6,:gr5qrr 6g8q36o qo6obdogbS0o:
o 6r6olslcqg6J LreJbe30gr'r rn66s6obsgoolr qn6g6%o63bobl qrr q,og36boolr
6s1f63bob Jot6ob3bo/J6r65qr26r, 616 66qrrq3bgb.r0q93 635gq,o6qpboqrr
dboq,rnqr q,o6g6bo6g6ob bgXrScrEo r6Lt3bgq,o bo6rqn Bs6,:$gt6gboor qrs .:6
sqr636qrr 6ro09 bJg6o.rq,g6 0erorbrn36,>b bsqrstq333o bsb6ob lrJSgogo3oqro6
ItActa(rt6r6C. rq6ots6gq,o mqloql3OCbob ECCgCAsCg 96o 6o66rgogq, rC6tso
or.r30og6oq, oj6r ol-t3oro s6lrS6ocno 06o8363q,obob Ojr-rfu 6r'robo3636o,
6o6er6o6.l ffbg36gq'ob Eo6o0rq136o 3rJo$.:q,ob ,6U3bgbr, lr3q_orflb3qgmq,oti
0o96 0bq36gq,ob 66o836Xq,og$o $oq,ob 30grq,er cDU b363gogoc6o
Egbs3go6gSbob ocgg66ogo6ot6gbolr E3bsdq,3\,obr;
r qrrlcatrgqr.r Abq3g33qrrb go6s6lrg6o bo0gr5ob 3b6363gq,gogrborsb
.
.
qg.r3s3tso6gbgq,o Egbq,3bo, 6.16 66ots36gqrn3r6o 6s6o1go ogo E1rq3333q,ors
j69qgg6.:6os6re6ob.r qr.r 5rqrsbpob36r6osbrnbotr glr6363gq,gogoll Eb6o3;
Bs8rngsq,ob(gr er6e333Caobr er br6C0oCbolr 03bq,o, 6oo116 br8grq,3br 0oX6r
636gqr.:grn6l-t l-t.:qtbg33grn rn66.:6olor6oob 16 Eobo rq6o6olro6roo6ob 0b6oqr.rb
brqrrbg333o J56oEa(oCAE obolr qrr6q6g3olr tlg0orb3X3r0o orr60o0q93g6ryq,.>qr,
berqx'r qr.rSq3ggolt qt ts3ltdq,r'r 6o113olr ttg6cmtgq,oboqt6 g.r&n6qro6.:69 56ror6ao6(Ec6'Jq,re araocgcScbo6s bbgsqdrb3r 6oJob qr.: b'rborcnoli br6i6oSbo,
s6bSbgq'o qrr6q333ob E6ots363qroboqrr6 6sEor8qro6.:63;
lrqrrbeggagr 3r6rn68qgbq,er6ob o6er3r6og6 63q,oq,gbsb er 6ggo60sb
$st66crsq616qgr abq363q,oL odgqlboorr sqr0o6ob66,:6oob, q'o33oqrrgool6 qr.:
ATJrnOF)Cbotr bsjOob $s6&r3brbot6 qrs3r3tso63bgq,o 6o66gbob 6rg95r, 6rbr13
Orq,JC orgo qrsgol6o .erlsqgsotr ts3brbg0'brj$or3gq,rnlr 316o68o. rq6o86gq,oor
63r6gqrsgr'l6b qr.:0.r63boo b$grq,3bs 0ogg,: U6gq,grtrrng6re gsrgoqlogrn
Bs6or3qro er
.
33r.r6$t6rnq,3bo6r ",:6.:as6t-r.:qo"/,,brbogrcno' 6trq3g3gq,o,
$;t63E.r6cns Oobo odgq,36oom sq0o6ob66Jcor, q,oJ3oeJ3or cr,fl AsJrn66Cbotl
Lt.:jEg qt raoo q)JCO3r Eo0b0r6g63q,or o6g353Lrg6o;
breJbe8Cao bg36oU 8r636pq,o6gb3q,o do6oorrqn 6o60,rgq3q,o sigotr ,,(,rSe3OAob ts3lsb3b" brjr6o63q,oL Jr6<n6ou g3q,oq,3b3Ms Jr6sq,3q56,>qr
Ar6sro$gor E3brbr0olro mq,oq,3bC6o GTqIJCUq $gbgb0og rqbr6oEbr3or,
.8'bqppq,ob EoErSo tsUq,reo Xr6oaob 6.:6bshq36ob, qrr3ob63bobr ps
rpb6gq,3bob $Clr"", 6r'r8gqng brqrrbq3C3o 6rlc6otr CBCCOU6o
bgqr.r0b3q6gq,rnbob 06oB363q,o3r6 bC6JCOrs.o oCGr, 3obroqrr6, 0.rtr6o
c.o3orqpJ6rq.o 6so$36r tsUqrqgo a.:6o0gbob qr$gbgbob J6n6gqg6r qt 0ror
e4p6o03bo bsqrstq5g3re m66$obr6oolr 0b6oq.os6 3r&n60q.og\,o6ob, Osor tsrn6ob,
-Ugr6o6o tsg0r'rbr3q,ob q',3goq,ob,>goob rq$gcrrrtr hq,ts3$gobob Egli,:b3b' 316o6olr
qgr6q3X3otJso3olr. 6r'rq,o $qpboU 5s60r3qrrbr0o ds6g6gq,o6gbq,olr 0o36
.
As$CbCbUq,AJ Xr6oE3bolr 2q.r6366r rnq66r'rbs0 3.4 0oq',orn6o q,,r6o E3rqr6o6,r;
r6r6.rJeCb E6ots363qt'r3,s6os qr,: ,>6133 Eolcrbtr gEbrbg63bs .abq3g6qrotr
odSq,Xboom sqr8o6olrg6r6oolr, q,o33oqrr6oobr eJ 6r3og6gbot-r b.:j0ot-r
r5ot, 6s$g6oqo r0 6.r6br33or636gq,
6ggo8g6or.rb qr.:3r3tso6369q,o J6og1qq363bo, 0ro Brn6ob, Etq363q,ob
q,o33oqrr6oott eoJ ArJoO6Cbob tr:jEoU J6r'63bo. trg6osq6oB6gq,o $3bo g333
36sjgo3gq,rq oj6,: 6sErngfub3q,o E oJ3oer(Jortso er 6.:3r.rg6gboU 63go6tso
$.>60er3bott $3lto", bsq.osg cDs60o0qgCA6Uq,re
92
0gergo bsboSjgXbob 0o0t6o er CBdOU6n rq6elB6qt 0ron 36gqrogo636ol-r
ggqpbgbob qrGgolr or3sq,l$ic6obor;
6oqgbgq, oj6s .brjr6or3gq,oL gg6oger6os'b3 brqr':%qg3rn b,:jEorberbolr
5r5bo66ogq,gbolr gBCqJ 3grJb3 3rJogrq,ob 0o6o0sq,g6o rnqr3Ernbolr
6s6lsirq36ob $gtro", 6c'r0q,oorr6 6r6obteq36.r b.rqrsbg3g3o r.r66s6o9crgoolr
bs3gorr6o JrJo6rqlob 0o6odsq,g6o rnp36rnb36o qrrlrq36otr bb3rqrrbb3.:
Itbgr.rbgboU.ror3olr qrr 6ro$96r Eo6o0sq1g6 B3qlre b.>btr6g6orr6 qrs3s3tso6gbgq,o
ts3\5q9336o;
"09oq36gq,ob go6r6bg6o r66r6oB63bob go6036obs
a.:om brjrt6cn3Sq,nb 36o363q,o 6s63olr,>o6ob $r6qr66ol-t $3bolt" 0303ts13Xbs,
6rn03q0r6 lrb3r Lsg6orrBo6obo tr$r6qgr6$Cbob q.oo6315X reos63b3q,
J6o66oJ36or6 g6orrqr qs6366r s66.:6ots6g0ob C6cDorb 9o6019$9 Aretb3q,r
rbrq,o (rJ AsrC6oq,o 3q,3jg6rn6gqro grn6036olr 8303grnboor;
830gtsr3qrr,,0bq333xq'ob b6r6ob6o3g6o $6r6o0636oli ggr6656obs qrr Eron
lrsj.:6or39q,rnb 36o363q,o bs63obscn3olr $r64.op6ob SClr"", 6oEq,oorsg
g06ots36gq,r'r3s5gtro ogrn
qr.>
6r6otl.:$q36r arbE6or3q,obol-r qr:9cq333otr b6r6olr6o3g6o r66rt6odot-r
q93grq,g6o gcr63,:, 6r'r8gq,0,>6 lstsgrq,3bs Eolr6r 636gq,sgrn6l-t
6rg3rn6g6oqgbo6s Lsjs6or3cq,ol-r brqrrbp333r.r 6,ri:6ob do6oorrqro
0o6rt6o13q,3bolrorgob qrsEsbrlrororXbsqn t-rJ3gogog6o qgC$rq,C0o er
b6r6ob6o3g6o bg6ronlr qr.:6.:b3olr 0gts3gobocn Eo36r 0erdr3.:q,o do6oor,rq-oo
g36qt50o36otr qr.>6rb3ob Bgb,>dqgbq,r.rbr. s0slrors6r3g, (,rArOCAoo ts3038,:3q9r
r66.r6ots63bott bb3rqrJrb3r JBr6Orq,U6o gcn66gbo, 6rn0q,oorr6 9qq$bgqgpq,tt
Bgzldq,or Oooqob qgggrE 96o o6gr.r6Er6or ltlqrsbp3g3o 3o0Js6ogbob
6rqgraCcq3CaCE Sbob q_or 3<ndJs6ootr 0o0s6o r6L3bgq,o UrUr0r6orq,o qgr3Cbob
agbrfu0;
qgsobm$r
63tcg63gbob lrsb3obsorr br6brSq36obr q.or tsfrO5oU" q.os
"brqrsbq33gm
,,brqr.rtcq3g3o 63tg6gbob qr.:brg$rrqr qrbrts33bo rj6qSboL.r qrr Aroo
tr$6r3C$fld,otJ 6r6br'bq36ob" $3tr3bo. r6ob tsCcgC6rqg, 0bq533q,b gr3B6qr,:
b.>3gorr6o brjSor6obolt.:or3ob 306o8363q,o3s6glro lr,:p,:tp333er
3.lqrq.o3b3qt3bXbob qrslsor3q,gq,rqr qr3grq'56rq' br$C6oq'lo brb3q,Edp3rbgq,r'r
er brJUor6o qro33oqrg6r.rbob gb6g633q,grngolr 0o6o0rq,36o tr6r6('r66o;
bsqr.:Sq303cr bs%r6'b3 brB3r0s3q,o brj0orbrebob qr,r635gq,o6gbsL
30b:b3630opr .tnqrsicq30Arn 66o3g6ob 636lrg6rgoobr e,r 6Cbotr$6r0oob
6sgj63bob $gbob" E30gtss33bs qrr 0oq3b,:, 6r.r8q,oor,>13 6.r6obsirq36r, 6er6ert66
63boq66go, JbCAC s6r6g95oqg36go lr,:qrsbq3g3o b6r.r336ob
goq,orq,ob/$l6Ernr0qr5gbqrnbob b.>jr6or33q,ertso lrsj0or6r'r6ob qr$g3bobsU
bl3rq,p30gq,er t636ob66r6ool-t Jo6r'rbgbo. o8ob 6so6rq,oL$obgboo, 6cq0
lsqrrlrqgg3cr b6r'r336o lrsgo6r6lrr.r bg36oL 66ots363q,er316 0oorrOrts3b
$t60orqr.66tl, rbrq,85 tsr6.:$36gb0r l60grq3br flobg,> 6g6gq,r$ro6l.r
b3qg.:0b3qg3gq''rnbob 6oq0r 16 ('rcOo3c0o6r bg8er.:q6o86gq'o l-tgboal$o'
2012 $q,obo6ob br3.r6gr60p3bq,r'r bsbr0 5,>6lslrq36r lrsqr,:9cp3g3r'r bt%6oL
Ar6goor6C6ob s6b36gqro trg.rqootr.:cn3ott 63qr6r6gg6o, brqrrbqg3o b.:jOorErnbstso
s6bXbgqro bl36orrts<nt6olro L6.r6q9r6g3bo qrr 6.:0r.r6qnq,3br. ,:0rborr6, 6ggr.r6d3bol-t
grgr6Sboo Eoq$ggq,o E3qgg6gbolr g6o3.rq,p6rn6.r ods6o6 6s0enbr6r, 6rna
ts36orrBr.rt6obc'r q.oo6395g e95aJ3oe6Cb3q, J6rj$o3sUorr6 0.:jbo8.rq,36rqg
3.i68o6obl6oolr J,:6.lq,gq56rq.o, 6363qr,:grn6o gqroq,obqr.i !sqr.lbq3339 b,ib6otr
js6ogq,o 63rq,mbobr er br63oor6cbotr 0.>bts6.>b3boU qr,l3r30o63b,>lr rbq,lqr $.:9363b3q''
Eoorbo363bors6. ts3tr.rb$ottqr, sb.lq,o $31-r3bol-r org Er'rorbo363boL $.rg363br q)r b56brbq365
93
bq6&nqrr C6rJrnbg6ogre Ar A6dCqlg4go.:6 Jg6bJ3 go3rdo 30brbgr6g6o(,5 brt6ob
0o6r$oqpgbob g0g3o36ggq,o rqlsJ6o630r! rb.>q,o Jo6rnb36ob 0o0.:6or.
AsOr6CbUq'o qo5otrdo3636olr tsae..C6rqg, 06o036gq,<r36sqr 6rg02gr.rb3l{.or bsqrrbq336r.r
3rn8Jr6og0oU 0o36 Er636gq,o6g\nb56pg6t1 Sr6Eoqr636oqo r66t6ots6363bo[ A6b36otl
bs6obbo. g6qrs .:qo6ots6rnlr, 6r'rE r66t6ots6g6otr qrrb33$ob o6sq,bsic6oboor 1t30.:r'rqr
3g3jgor6o rq0mts6qrs br6j6ogbob 0o0r6oq3qg6oor 6oqgb3q,o lrJ36o.:qrgr6o 6rn60r6o3o,
6rnEgq',0r6 rodgq,r 3r.rEJr6o30o ll36oertgq,.lqp Ern3oqrgbgrq636 $gtr3boor g,:6bcbqgr6gq,
0r.rorbrn363bb. br6olrbolr grg&Aobgb3bsO lstsgrqSbs 0oL6s C6.e6fql 8r63b
go31qr6.tt6gcqg6o r66.>6ots6g6oqrr6 6sqdrgqogr'r gergCq,or3cr36 .r66.r6oE6gbs'bg, 6.>6
orr3ob 0b6o3, br8gsq,3brlr odq,33r q6ogq,sqr 6rnbqr3l-r 3o0J,s6og6oL go$s6bgt6o
0qr6o0r63obotr sErq,oibo qrs 6ob3gbol-r t6bg&nbob tsgEorb3g3r0o - Sroro 6o0o3q,g6r.
sq6ots6gq,o Eolr6oor, 2011 $qob 0o$g6gq,b, ts3brbr0obo 63q,oq,Xb3bo oj6.r ts3$r6oq,o
go6.r6bg6o r66r6ots6gbott grnt60g6olrs (r aroo lsjl6o6gqrotl 36o36gq,o
"0bq333gq,ob
6.:63obro6ob $s6qr65obr' qrr .a\399q'ob lr6r6ob6o336o r66r6ots63bolr gr.r6fl3bobr
Qr AJctr) brCr6cDgqrob 36r'66gq,o br63otJ5o6ob $s6q%g5ob" $0tJXbEo. ts31-r.rbs0ot-rrqr, 2012
$q,oqg,>6 tgqtOb3qgpq,b bs8psq,gb.> .:;l3b 3o0J.s6ogbob6r6 Oooqob .r66.r6o863b3bo
$gbgbtso tsgbgq,o 63q,oq'5b3bolr 5sor3.>qrolr$o636oor.
Xha-X6a J6o663tlgq, G3q,oqlCbre Bgodq,Sbr br6oboq,r'lb 6og6gq,o b3qr0er$g6roor
q.or8o$03bgq, Cq,d$6m6uqr r66r6oB6X63bt3 6rqrrb3q,r, t5rE4 ls66d6obq,,:qr
ArrAr6OoAr r66r6o86gbgbob, 6rn6rn66 Eo$elqrgbob, obg 0r6g63qrot53bq,olr Eog6 0roro
tsg8cr$3gbob J6og3bo. 2011-2012 $q,3Aob br6Argq,obrtso g6r'r36gqa.r 6s630.r
06oB363q,er3s6o j0gq363bo brbrbrn66o3q,r br9:5olr 8o6.1$oq,gSbobrcn3ob
bg0orq6ots6gq,o 3o0grn6gob (t rbbr6ots&lbob $s6Er.rqg5g6ob 6r0r6go3gbob 3porboor
er ts3ls8B66rq9 0st6go3o brbrer, 6rrn6er6g 536gq,o636sq-o 6r'r6.r$oq,g6bor.r6
g6om3t6<nobs, rb$C Lb3rqrrbb3r bog6x'r36r6ogq,o J6q3gqrg6g6otr 6336qnb .:3q,,:.
Ⅷ
ｃｃａレ Ю お
︒
︒
６
qnr06rAr N 4.1 Om'boq43q,o Jt6g0oob erqr36obob qro6r6o3s $q,Xbot-r OobSqr3oor
佃
2010
2011
2012
$gs6r,r: b.rj.:6or33qrr.rb 36r'r36gqro b.r63o
94
eor36rar N 4.2 61oq336gq16ob 9o6.1611916o 0qr5rn0.:63erbr $q3bolr Oobgqr3oor qrr
J6m6g6ggqo b6q9.:
畑
ｍ
ｃｃ ａυ Ｄ ご
勁
+U.Jq,rCil64c3o
.{-Usq,
Srq,QCbJq$C
6cl
+.boq'
SiJqj'rq'.,
$gr6o: bsjr6or33q'crlr 3r9o36gE o Ar6Jo
3.rq,qggbgqpbror ts3trfryq,gboL erg5q3Caob brbgobob (3.$. br6r63r,r 0r6r56oCbob)
6ot-r3or6rrboqr.>6 5.:Etr0qro6r6g, Jg6ornpgqrsqr brn66ogq,pgboqr J6sreCCOob b6rq.,obo,
tsCeCb"e 630gts.r3qr.r q,r er$Cbq,r ts39eq3q.om6o sq6ots6gq,o b,rb3r,r6ob 0o0s6o, 616
6gqrobb0erbU fte3$Cqob 0oXr6 ,:qg0gq,o 3sqq.oCbgE X6ol, bq36eq orsErgr6qrnbrt_r
lr,:3go116 JrJoOrq,oJE 0odt6orgbr8o. ,,O$qgggq,ob b6s6ob6o3g6o c66r6ots6bob
go66gbotr> qr.r Esoro brjs6o63q,ob 96o369q>o 6r63olrsor3ob
S.:6q.o6C6ob $3b8o" E6oqt
63q,oq3b3bo qrr sq6ots6gq, $3trb qgsg6.:6s rbrq,o ger6Er, 6o0q,oU $.:6flr.rqr66ol_r
3,:qtq.ogbgq,Sbr qrrgotr6sor 09cq3333q,3bb gr.r33q,or3og6rqr. tsCeCArCg tsgb.:dq,gbgq,o
Arber 3.rq,qrgbgq,3b.rorr ts3L6a3q,3bol_r qrrfcqg3olr lstr3r,rbstso (or$3bCb3q,o
Egbppq.o33bolr Er.16ogrn6o66o.
2009 $q,ob bmq,rnqr.:6 qr,ro$gcr t.r.rb3q,E$ogrn J6r,r66.s03bob g.rr66q,3b8o j33g6ol_r
Eerlrsbq,3obob Ar6$CUq,o 6r$oqrob ar$E6orgq,rnbol_r q6bq333s, (qg.)bqgC3ql6.,s
6rrrq36cnbr 2010 $q,ob 6erq,r'rlior3ob ts3sqr6X$q9.: - 983 242, 2}ll
$q,otr bgrqnlro3ob - 938
927, brnqro 2012 $q,ob br.rq,rntroSob 1386 760 rerAor6l,).
oti J6o66r0r rb6Co3C
0rno6rgqrr ttqr.r'bq3g3r'r 3r.r0Js6o36ob 0o36 6r633ggqo bro63gb6ogor.r
3rqqgg03q,g6gbotr
tsgb6gq,gbrb6. .:E J6rn65s0.r0 trstsgrqpbr 0obgs ttqrr.bq3ggrn brbr6lr E6ots363qm36rqr
0r63oor6Cb3q,logrn XrbA6oCq,cr$ob qrbq333ob [rb3rn0.r6o, flar3boqr.r erar6Cboo)
33.rq>ogo6og6o J36trn6.:q,o, 6rgg&aer03b3bo6r Ern0blbg63bob br6obbo.
Ar6er bCArnrebo86gqo J6ofil6CbobJ, bsq_os9cq333o 3r,r6Jr6ogb0r (do6oorrqr,:qr
ts3oqnboqro 3o0Jr6og6olr 6gB3Xo6oor), r,rBgbgb 49 lrs63qro6o6er Cgr$CtJCbUq,Cbr,
6obor3ob.:g 6.r6sbot56ogq,3b ArbAOrbU6o o633lr6o6o3bo (qr,lrbq,ogboo 100 0q,6 q,,:6o)
3oUJogsqg6 UJCOm6tso. Eogb3qt3rqr Arbbo66oCq,Cbgqo o63pUgogoCbobJ,
XrAU6rq)
lsqr.r'bq3g3o ba]gm60,r Argdq,lr'I b38oot6.:bL3fub E6ots36gq,o3r6 6.rEr.r$ppbtr qgr
.>66dgq,3blr b,:brgq,E$ogrn Jt6rn66rE3bEo 0r'r6.t$oqgr.rbrb.
Ｃリ
０フ
eor66rar N 4.3 bsqrrbp3$o ts36rnb.:3rq,o q.os C_or!e6.56m b.rqrsbq3g3o b.:6sqro
brbgq,E$ogo b.>03qro6o6rn qrrbqgcaob J6rn5r6r03o8o
+JAftx"(rn Ureitq3$('| ACac ngJqr) +JXfix,rqrtr lrsquqbqgg(, t:r6.rq'o
ｃｃ ａ ン Ｄ
1m
160
お
7@
120
1m
80
50
40
20
o
2qf,brttuqnJEr&f, 20ro,btqlqr,J6a$d, Z}ll,bt6rq{,r6('0d, 20t2,tr6rqntra0ol,
Jrm(troc6oo
6096
Jctrgruoc6oo
6%
Jrmooocboo
gt
Jrmqlo06oo
9t%
$gst5t'r: bsjs6or3Sq'ob X6r'r363q,o 0s63o
2012 $q,ob 31 qQ&lC006otJ 0qr6rnEs63mboor, brjs6or3cqob Urqrsbqg3o b.>$r6trg 15
brqtbq3X3o 3erdJr6or arnja3q60qt, llsoqtGrg 11 .:bo66o3q,gbl.r 6er6o66
r{6slro6rn6bqolr, obg lrogq3bqob qrte3C3rb, bsrq,r'r q'Jbr6tsC6o 4 Oboq,t'rqr
r6sbo6ogbq,ob qrrbqgsrU. 3rn63s6o30ob l$sgrasga@qm bO6UCOU6I trrJarr'le
qrlgC6lroEf6o6C0gq,or: o6o Olrqgg3gq',o $sOar.r.:qpAgSb X3o6o0o3g6o 6s63oorr6gbolis
Ar g6ong6oor6rABdxnAqx'rbot, od:5s6obr6cmb (OECD) $m6, j3ggr$rtso
6g6ob66o63bgq,o bsq.o.fcq3X3rn 3odJs6rnlr goq,orq,lr, 3 l5qr$eqgX3rn 3cr0Jt6orlr 100
J6q306goo gq,crtfu r6.r63iroqoC60o qr.>6ggdbgb3qn, 2 bsqgrbq333er 3efJr6ostso
r6.r6gboqr366o qrr0ggd63bgqro 6s$oq,r'rb6o3 8re6s$oqggrbb, br'rq,6.} 8 lrsqrrbq333ar
3rn0Jr6os 100 Jt6r'6X66oo $s60coqr66b 63tropg6ggbob 6o36 g.:6bm6go3qCAgp
o633b6o6osb. 5s6qrr r0olt 2012 $q'ob 3l qgg0b6ob Aqr5o6sr63r'rboor 636obgdn63bgq,
lisqrrbqgCao 66rn336or,> 6se4r3&nbr0 15 ts3sqr5o6s, lloqrr6,;6 7 b6rn336o 2012 S3q,tr
q.or6CAobO6o6qor.
2012 $q,ob 6r6St3qrrnbr8o bsps'bqp3r.r 3o0Js6ogbolr Eog6 6;gcr683bgq,o Jgq,ol_r3botl
6serqrg6r.rbr 3.5 Ooq,oo6lr tsgrqr66b qrr $o6l $qob 0o6,:690or.>6 Egqrr6Sboor 34
J6t'6g6goor sdrolr 6.rb6qroq,o, rq6ots6gq,o tr6qrs do6oorrqre ArAr1$gC3qlor rbrq,o
brbgq0$oger br03qnr6o6tn qrrlrq36ob J6o66rdob rSoj03qrgboor. Eobo $oq,o 6orq,or6rqr
6qoffg0gq, JoqobXo6o 26.8 J6oOc6,Jor.
36qt tqo6ots6tnb, 6rn0 6.>6Agq,o &nqolgbob flcrryos$ 6,:6qrg6e$l!o Elqrq,o
J6og6ggqo $oqo, br0gqrogo6o qrrbq3g3ob ts3Aqrg6 (69.1 J6e6g6go), trogogbqotr
q.osq5q3C3rb3 Eerqrob (14.4 J6o66go). sqb.r6o86r3or, 6nn0 bo6q3bq,ob qrsbq336r0o qnqr
6s$oqb b03qro6o6o qrs$q36rborr6 3er0bo6o630gq,o &nq,olr3bo 0cro6.lglr.
2012 Lsqgsbq3ger 3o0J$o3bob Eogr6 Srrboqgq,Or 1s8g6d.: Lsqrs.bq333g J630o.rE
537.8 Soqloobo q,r6o ACJe6oEr. 0otroqq3qro J6g0oolr 0ob3qr3oor, t6qrrbq333r.r 0rtr6ob
Jrt6OC6O6rGor (5 gs86r6o 8bq3$Cql") 65.3 J6rnOC6gb E3rqr66b, 616 2011 q.or 2010
$q,3bob 6$pfu6q,gborr6 Egqrr6gboor, E3tsbrEolrsqr 6.4 qr,r 13.0 J6e6X66gqro Jgbjgoor
r6ob tsg66o63bgqo.
g6qs rq36oE6rnor, 6r'18 qgrbqm3ob g83ggU llb3rnbgb8o $o6r $3q,or.r6 03qr,:63boor
ts3o6oB63bs 0r.rleoqgq,o blqrrirqgCgo J638ootr tr6qr.r, qr.l
arOtso 6m9ooq3q,o J630ootl
<nqr36r'r0r 2011 $q,olr Eo6s6gEors6 tsgqrrt63boor 58 J6c436goor
6so.Lr.r6qr.i.
2012 $3q,b Urqrstq3xggr 3rn6Jr6o3bob 0o36 dcr9boquq,o Xrau6o brql:jeqgCger J6g6oob
70.7 Jt6<n66go Ur0gqro6o6<'r prbq66rb3 Serqrotr, l-rsqrr6 2E-b brbgq,A$ogob 0o36
q.orgo6,)6trg03q,o lsSgqn6o6er qrstqgX3olr trb3,>q.ottib3s J6o66rdr E3rq.o66b. 09o6g
r(Boq,o 0r'rboqgq, J630orBo jer6gbol-r (,rbqBCArtJ plo6s3b 10.3 J6r'6X66gq,o $oq,oor,
boqxn 0g0qrX6 lrrbOgq,3oxn bs66r6bJo66er lrstsgsq,gbrors qr.:9eq3g3r Ornqnb 5.8
J6q396goor.
qror66r0r N 4.4 b.rqt\33r'r brlr6ob b66ryj6g6r 0olcoq13qo J6g8ootr Oob3p3oor
! UraCqr,o(6(, (Xi66f,o,Cqxd.,lr) q'rte38r 70.
t jcfJS.tb estRimJ 10-386
r L++aecon lrr0a6r6lna6o., h43,r<'cbE i
e$tqS$J (6viqs l$6Jo6.'atxr Otu6ulflrtrJr'{$)
5.8%
r lrAcBb<,& qs\€Sr 4,2%
r UsAeiI{'rj('' J.rhbol€aft'F$.tu qrt(Ba8r
t5%
.lrr3rCdxa lso6rnrlc6o(, L)AJ:rq'CLr,r
Ai'bq3$) 6m6lClrol, qDte,gtsr) 1.1%
a 3J(N,CDAq$roIr qurrJ{'C8dr ('r'beB$} 0.
! U$qq'rorl O6rnr'o6orn blaBJ6rdJF,r6
(i)jy$.'6cDcqn L)ardrq,id(!
.ffitffi&.H*#""
.Hffiffiio o*
ArAsInECbJ,oNS A6JRdo6C&Jqx,
r l)s&%b?fxr $)t(3$r 0.7%
r UbC(rJrD ACao,tEfrd q'rt(3$r 05%
r a.tt(3s) lrrts(6$lx' AJ6iJytdJboL 16 0.5%
E a8U6rg t$O'6SrJc6Oo L)AJrrq'CbJorJ
o.)ArUCECosllo)rS
・
V
N$JRAdlCbUq,('
褥
bQ協
$gsttro: brjr6or3Sq,rT L 36tT 363q,o b,r63o
lsq.orieqgg3rn 3o0Js6o3bob JXSornqrfu lsq-orjrqg0am E30olrs3rq,o (6s6o0g8s3X&3q,o
brqrsbg3g3n 6ggrn 3636or) 2012 $gq,b 333 Ooq,orn5 q,.l6L ts3.rq9gg6l-r, bgrq,o Jg6ooqnl-r
('rAebr6o 63$n l-tsqgrj5q3CAer b.>6.rq,o 271.5 0q,6 q,r6og; gr6o[rleq36r, 6s6 2011 $q,ob
tsgbsb.r8ob ArB3gfubqgbb 25 q_os 28 J6o66goor sqgEs6gbr. 6er6r.r6g dotroqqSqn
J6g0oob, rb3m bsqpsbq3S3o tsg0obr3q,oL do6oor,:qr 6r$oq,l-r b.r0gqogo6o qrrbqg3gr
$,:6aersq.o6X6b 79.5 J6c.6X6goor. 6,16 E3Xtrgbr eraeAr6 6g6rn li.:qg.:$q3ggo 9:r6sq,lt,
l$03qrogo6rnb $oq,o sq6ots6gq, Jr6rfl3$6tso 90 J6r.rm6gb slr663btr.
'br6rq,or6grbolr 3oggo6o36goU O,rq,:q,o 0uB33636q,oor ts3odq,3br Arar'l3Ur'lcr)
br8gqogo6rn Sgrfbe3C3r (93.4 J6r'6g6go). rp6oB63q,o brbgobs, 0q3gq,rnbop.t6
brAoaeo6r6C, E3lr,:d8633 9r36.>3q,36.>U rbqp36b 0orq,or6sqr b.:qr.rbq3l3cr bs'b6ob
trr6.rq'or6r'rbot-r a,>ts963b3q,b3, 6mE3q,og orr3ob Eb6o3 81.5 36e4369U $rt18rnrqr636b.
ワ′
０ン
eor66rAr N 4.5 brqrrbq3C3rn tsgOob.>3sqro qrs lrrqrrlbq30Arr tr6rqn $q,3bob
0ob3qr3oor
︒
５
∞
ＣＣ ２ υ り
I JCExrrrqrfu lrJqrrtegs<'r A3&ru€rqrl a J3exr(rfu L,rqlrteBCa<'r t JE sq,o
お
2m, b6)qrN5c$.fJ 2m9, $s6rqr'rel0d, rc10. $s6{yN5.rb.i, 2Ol t $s6iqrNerad, 20f 2. b!6sqr$6(,E t
Jc,J$or'gfuo 7(]96 JsIAA(BoabOo 6{96 Jatctsoooe6or' 6r% JqtsrBqq]o 80% JeES(aoC6Or, 82
,
Sgr6o: brj.rt6or3Sqrob X6ro36gq,o 0r63o
lrrqrstqg6er 3o0J,>6o36ob 6ogb 2O72 Sq,ob 6r66r3q,obr8o r6.>bqrg6Xbuq,o br6rq,ol,
dorq65$65 0r'6gq,cnbs0 264.9 6qE q,r6o AC5eAobr, 1616 19 J6q3gfuoor rq30r63b.r 2011
$qoL tsgb.:b$ob 0o6s636b.
2012 $q,oL Eer6,>gg0gbb3 qrrg6qr6oboor, ftg6gq36ob 0o96 6,:q.o.r%q33gs$3
6r$ggq,o
br64(o 70.9 aq6 q,:t6b 83.sq.ob36b. 619 ts6b36r A4grg5e3Caob J63Eorlr,Oobo oqr36rnb,> 75.7
Eoq,oo6 q,r6b ts3sq.o6C6b er brbgq', $3q,orr6 ts3qr.r63boo 15.6 J6rn6g6goo r6ob
6r%t6qnq,o. sqbt6oB6r3os, 6er6 6sqg.)atqgCaq,ob Soq,o bsqrsb333r'r 3.rq,qp0gq,Xfu60o,
2012 $q,ob 3l qgp666ob 0qr6rn0.>63obocn, 74 J6crOC6gb A3sqrdCEtJ.
bss66rt6o6o J36ornqtso, tlrqrleqg33o 6sb6ob bsofugtrgo6oo ts3Erntl.r3sq,Os ll.9 6q,6
q',r6o, $6obqrs lr,r3oOoboo br6410t 1.3 0q6 q,s6o, tqrSo6olrg6qSogqOs qrs lrb3r
b.>r.rJ36.r6oo br6460s 55.6 8q,6 qrr6o, boq,rn go6,:6!A60s b,:6a0r 9.7 0q,6 q,r6o
ts3sqrgo6,>.
go6r6bg6o 6rB3g636q3bob ts31g6gbob 038q.og6 2012 gqob $0o6qrr bs6rq,0r 0g,:qr6o6r
7.3 0ql6 q,.:6o.
2012 $gq,L t-rrnJg6sgoo bs6rygbotr 3o3go6qb6o (Operating ratio) ACreACEb 98.7
J6rrnOC6Ob. bsoJg6r6orn bs6aXbob 3r.rggo6og6goU qJr6gr6otsCbobslr
5r6og63bgq,o
Jr6.:03663bos: b.>6rqror6rnboU 3o39o6o36go 83.5 Jdng36go, reAo6ol.,O6r6o3q,o
eJ
bb3s bs6a2bob 3rn3go6o36go (Expence ratio) 22.0 Jftj36go (gr AlUACbr
o63gbgo6o3boqrt6 (Return on invesrment) 5.8 J6c6gbgo.
brqrsbqg0ser 3rn0Jr6ogbolr rCO%3Aob b.>36on 0rn6gqerbr 2012
$q,ob 31 qpCJX606otr
0qrSo6r63rnbocn ts3.rq6gbb 630.2 Eq,6 qrr6lr, 6.:9 b5lruq,
$Cq,l6r,r6 63qrs63boor 25.7
J6r636goo l6olr 6s9b6poqro. l_r.>qrsbq333m 3crdJl6o36ob JCOoBCbtso 06ots36gq,rn3r6o
$oq,o glo6.r3b: b;qrs%q3g3o Eoorber363btr - 255.2 0q,6 q,r6o, tsUq,lrqg brbb63bb qr.:
q.o3Joi:ogXblt - 105.6 6q,l6 q,rr5o q.or o63glr6ogogblr fl3oq,oboq,
er aCJr3Ao6J
3rn0Jr6o3b0o - 96.8 Aq,6 q,r6o, 610 brtjUE', SCE olTE ts3qt63boo b5b6q)oq,or 21.2 0q,6
q'lJ6ocD.
98
e'c,r66rar N 4.6 rjgo3g0oL bgrryjgg6rs
r - gaq,rqr, l$bb6Cad Alt tuo)r, Jib.BrgJ6OJ0o
- 3.go
r - a,oia'Afoar' l$J6cqr)om AJ?d{&Jq'CScAr,lr
A.6s6o - l2-8%
I - bJlJ${'le Jrf,J&Jqn ts.5rflr:16(, sjO.UJDo
-0-196
. - LrAr&BG(, aabn'Rqa(', E&6<u -,lo59t
r - SsA,rteAB.r, &!o)uTqb, EA5A,5 - 1.6%
r - 0rOJqJq(, UCIbASo - 1.2%
r - d8diorrcorDo A}JRAod,C J{,A$E(aBAo - 0.896
. - d3ol$(aqb fuoqi'a({, JsA}lEqBAo t4e6
. - a)<'sftemeill F<{) l,rQstqBsc'
6CtC6B3bao - ll.l%
r - UA,€i(OtFl(r t .rJEArfkxq byCxo - 0396
! - dr6(g,.}qn bqOryfDCD.,, F5(6 4.1%
r - AAeB.(x, Ao lrhr rdraaio$6(N(?lr,.,
r,JCFgcs.,, Sa6(9r - 29%
. - tf(NeJ('CeJ('(, lrral<DL[Nl'l rCorSo l.t%
r - tlb8J'Jooacao - 4.606
$gs6t'r: bsjr6orgCq,ctb C6t'rgEUq,o bs63o
Olcqg3Xq,3bob lr$sq,.:6Lo 3rq,qgCAUq,C0Cbob lrsgricnrn 6r.6.3q,obr 2012
Sqrob boq,oll
tsgrqg6g6b 510.9 OqE q,J6L, 610 23.9 Jr6qp66oo rqCarOCAr
Ao6r66tr.
ArbUE o
$q,ob
b4.oricq36o 3oEJr6og6olr 3.:q,qg3bgq,3b3btso 06ots363g,rl3s6o .:qr6oq,o 3$or6s3l-r
brq.o.:leq3g3o b6ggr.r 63'bg63g6ob 6rnbr638L - 382.1 0q,6 q,.:6o (,r
Bo6r6LU6
3rq,q3bgq,3036b - 64.3 Eq,6 q,.r6o.
b.rqrrbq333er 3oEJ.:5o36oL as0g60.r JbJoOJq,ar 2012 $q,oL boq,rnb ts3sqr6o6l 119.3
8q,6 q,st6o, 516 33.8 J6r.636goo rqCaJOAbr brb3q,o gqob 0er6.rgX0lr. rjm 36q9r
rqrrEotsbrnli, 6et1 2072 $q,ob 6s66,r3q'r'r6.rtso 6bq3333qr3botr l_rs.>j6or.r q,r brCaoboo
JrJo$rq,ob as6o (qgr0ggd6gbE 3bot, 0o36 6,>6bn6goCgCbugo Jo6qr;Jo6o o639116o6or)
40 Oqrb qrr6ocn r6ot-r 6.:tr6qroq,o.
99
qntA6rAs N 4.7 AfteSmry,Cbob go6,:6bg6o 6qr6er0ur>grnbolr s66r6o8b3br 2011-12
胸 ゛ 3。
24
ｍ 勁
ｃｃａυ ｏ こ
700
口 2012日 2011
bgq)rjgq3oo lJUq,3rq,lACOUq,C6Cbo lrgqr3sJog:q'o
$gs6o: brjr6or3Sq'oli gt6o363q'o 0s63o
+.2lsfumrrn \[a3Do
2012 gq,ob 31 q-ogg0a6oU 8qr6o0s6prnboor, Lsqrsbqg6o br$r6bg 6C6obo6o6cbUq,or
ltqr,>Sq356o 3r'r0Js6o36olr 0o96 esgud6C6gq,o 6 bsJS6l.too bjgOr, ltoqrrbr6 flboq,rnqr 2
brJg6boo trjg8r .:brn66ogqgbb rjgog6,:qr lsfuEboer qortq3CaJr. rq6ots6gq, brJgbbotn
bjXA3bEo 0o6.:$oq,gcnr 6srnqp6obs0 2012 $q,olr AstrJJE)"Jq,b tsgrqt6o$r l8 397 Eojrq,rfu.
2012 $3qir lrsJg6bom ttjgdgbob 0rn6r$oq,60ob 6q6 5,s6ber6go3q,3bgq8.r lsJ36lroo
ECErOrbCbol, XraU6Ar crq66ob$ 2.4 0oq,orn6o q,r6o EXsq6o6s. brJ36bogr bj3036oL
ar0g6o Brq,AS&Cq,CACAo brJgblrocr bfuAgAob 0r'r6rSoqpg0ob 0o8s6or 2012 $q,oU 31
qrlgg0b6obr6olr 11.3 0oq,oo6 q,56tJ tsCr(rdC6b, t6rg $o$r $q,o! r6.rq,r'r6o56 Eer6r630cnsb
Bgqpr6S0oor 19 J6xn6366oor s6ob 6str6qnqn.
4.3 grlnrEo jrqrq,q4bob b,:bst6o
2012 $q,ob arffir3E r'rbr0o B5bor6o jrqsq,q.ogboL bs9r6oL 635gq,o530olts qrr
tXqrr0bgq6gq,o6ob J6r'ggbo brnqro $q,3bBo r0 bgg6rnb 0r6369q,o660Xq, rCOCbAo
5r6bo66c6q,gb3qo G3q,oql$3Ooor do8qrobs6gobqt.
2007 $q,ob ogq,olr8o Brbor6o jrqrq,qr3bob g6t'r363qo 3o0oboob q,o33oqrr6ootr
690q95 g.:bos6o jrqsq'qr36ob 6rb6ob 635gq,o6gbr go6s6bg6o 0o6ogrn6o66otr
br8brbg6olr 3r.r8Jggg66or8o brq,r3oerr. qrso$gtn 6.lqn3sq56o 63qroq,gb3bo, 6re6ot6g
bs3r6o66qg3bqxn bslcob ts363q,ob (D Aobo orr6r0gp6rn33 U$r6qr663bot6 dorbq,cr33boLt
3golboor, lbCaC 6g6gqn6gbob St6obgofubob 6rnqp66ots6oob cn3sq'lr,:b6oboor. o0
qr6oolrsor3ob s6b3bgq,o Lr3r6o66q3bq,o 6s9colr s6sq,obotls qrr E3tl$r3q,ob Jt6oggbtso
6r0ero33gcn,:, 6xn0 0rnjA3qn 6e60r6o33bo s6rcng 6gglr$r0cr qrs s6sr63q,Car6$U6o ogo
brbr6bg ,>6tr3bgq, 63>qrrnbsborrb flobo 6163oo116g6olr lr6rqnoqgs6 6rd.r0qn6r6g,
r6rE3q.o J6rj$oJUqrQ B3gdqp63q,b trq.ooq-os br9r6oL 6363qro63brb !9r $J6Ar.),)q.oACbe5
g.$. ,,gar.rj03qrr 3rber60qr36q,o6ob" 6r353bb. brlo6er ogrn qrr66olr 0goUog6o 6g9r"160; qrr
'la zolz 5qxir 6rms3q'obrao arfqr6rrfu<.raqu 2oll Sq{tu acfJocacac,U Jc6do#rcbr aj Fdr Sq,oU a('l6s$ac0o
t.)6f ,'Xp6C6.$D Jr.6Ji6oC6oir &'c(6 Ae}S('tACbUq'o &6rb<,Jfuqr) ('l(}J6r$Cb.x,
100
o0 0oq6o036olr ECBgq,s, 6rn8q,gbo6 Eo6rnJ<nq,og6 8qr6tn0s63o0.rEo lg63bqr636 bsb6ob
ber6og6or 0cr6,:goq,3b, 0go69b 0b6o3, r3ob6g\6gb 6rg8s6ory,g\'rA bCAACO
3rq,qg3b3q,3b.tb o635b6r't63btr qr.r r6oor b3q,b 3tsqroq96g6 bsqbt6ob 5$3oors63boll
J6o6t6glro636rb.
bs3s6o68q3bq,m g3q,oqgb3bolr.: qt.r lrsEoj03qro b66r6g6ooU E30gtss6bolr 36r.)Gglto
2007-2008 $qrgbotr 6,r60r3q,obr8o bb6bs)66oCq,q).1. 63q,oq,36gbot-r 0obr6o oger s6U1bgq,o
3s6o60qr3bq,rn6ob qrrb33$r, S0rnj6gqer qrs l5gq.oEggo 3sqtqggbgq66gbob 0j<n63
0oorbrn363bolr 6rgjE36s qrs gr63ocn,>6Xbob qrr0rq, lr6rporS3 69r.19o btb6ols (,r aobo
Oo6s$oq3g0obrcr4ob ts3qrr63boor q,obg6rq,g6o 3u6cr66qr5bq,o6olr ts3otgrlca6.:, 6.19,
orr3olr 6b6o3, $rsbrq,oU3bqrs 3o0Jr6o3bolr EX8qr6r.r0o 6s63oorr63bot-r qgs $o6b3qrolr
J6r.r6gblr.
tsgrn6qrr.r brlr5ob 636ggo63br8o Ar6bo60oCq,C03qr t6ggo6r0gbr0qrg, gsbos6o
jrqsq,qr3boo 3.r$6obr qrrlrrts3gbo ogo 8brnqrerqr qo66bo636gq,o lsbt6r.r3g6ct
3er83.r6o3botr EgB3go6oor et Abr.lq,rN' ltgrnEqro bo65sb3. aojagq-oo Jr6{n6AeCbq,rlbr
rbtterqggg6.:qr UAUqCACqgoEqrr o633lrgo6ob qrr0rn23oqrgb3q, 63brdq,3bq,o6.rb,
bt6er336ol-t s6/qrt tsb6m3g6rr 3r.r6Jr6oob tsgrEr3qrrbolr 6r6CAC Er6Cbo66ogq,gbo5s
grlror6o jrq,:q,p3boor 6r6o5Xbr. 83L$s0olrsqr, o63Cb$rr6ob 630o11 Oogb3qrr3sqr,
6ggdq,363q,o ogrn 6.:6o6gbob quqr36r b6tn336oL m36q_oob r3q,ocn, 6.:6, orr3ob 0b6o3,
qr.>3r3tso6363q,o oger qto6g36gb3bgq,o 6bs6olr 0og6 grbr$6 bXq036 qrr6rbr62lors6 qrs
lrb3s rggoq,gbq,tnb,:lr 0o3q1bgq, j6gq93bgbors6. gr6qr r6olt, grlro,r6o jsqsqqrgboor
3,>$6obob g6osqrg6or Qr1193er68rqr bto3rn6qrr bo61s gr6oboqX&r.rqgr. 6r6o6g6ob
0br633bo, arcrn Jr'r6O6rCOo6o brb6oJC6m 3o0Jr6o66olr 03833oboo Sboq,erqr Lrgefiqx'r
6o6grb3 goq.ogq,erbqro6g6/goqpfu6 Btlror6 jsprq,q.ogblr, 6rG JICAC Ar6JgCCq
b6oryq5gbb $.:60er8obqrr o66tr6o6g6oLo6ob. ggq,oq,gbg0oU 6r6bo6go3q,36ol-t
890q936 o6331-tSer6l-t Eo36s tsgb$q3bqxnb.r, ors3olro 63bobr qt 63hqggq,g6obrE3b6
br(.or3$ffio$r, qgrblo6qgXbops og 16r Etlt 33rq,ogo6og6o b.rb6o336r.r 3erEJs6ol
ts9,:0r3qrol-t lr,>boor qr,: 6r8qgg6rqr bSt6qrr 6r6o6gbolr ltgo6qrc,l 6o6grt3 qrrqSb.>. 16133
qrt6rnlr, 6.:o03 E3lsdq,o gb3L6obob orgoe56 s6oq'6bob 0o9c6oor, 3s6tn6Eqr3bq,r'rboor
5r6obrlcq36r g.$. gojLo6gob 3rqrqrgbgq,3br, 616 gtr6g66q,grngqrs bo65ob br3tlt6rn
trotJ6CArtso 6r6orr3b36gqn ttlgr6er BrboJ6o jrqrq,qgboor qr:qrgbggo 6s6o636gbob
orrrnbr'b3 o6go60r6oob liolr6gdr6oter6osb qrr,,rn66r6o gr6o6gbgbob' Egqrgq,oboL
crrJ3oeJ6 JGoqrCbJb.
rpboB6gq, J36ot'rqr0o 06ots36gq,er3$o ogrn br9cr6bX 3r'r633656gooU q9r833oqr63bolr
3gorboorrg 6rqrrq60gq,o 6rbo2g36o: 63qroq,3bgbr0q9C erbrtsgCbo ogo Eboq,r'rqr g6oro
lr.rgobqro botS5olr.r qgr 6X6gt6.>qrg6o q33r'r9cog.>6otr r6b3bobs. 3r6rn68qrSbqxrbrtso
ts3gs6oq,Es g3q,oq,3b3b8r 3o E3brdq,3bgq,o brbr(rr gmqrr q_oro6g3fub3bgq,o 0br53
gr3bqrr6ogm 'bg0rtq6ots6gq,o go6s6bg6o o6bgog3gSbob q,ogX$lrooU flrdo3bgqn qr.r
qr.rqrSgboqro Emotbo36gbob qrr3Orgrngoqrgbob 8g0orbg3.:0o 6r63br.r66ogq,g6o6.:
ts3lsbrOobo br j0or6r'rbr.
r0r3g J36ornqrtso ,,9rlro16o jrqsq,qgbob bltl6ob ts3Usbgb' bsjr6orgq,r'rb 3rber6tso
6rBbps Br6r$g6gbo, 6r'r8q,3bo6 b66rq.o 3g6tn s0r6go33bq636 bgqgs0bgsg3Cq,obrbr qr.>
636gq,o636rbos6 qrr3r3tso63bgq, J6e63q9g6gbb. gt6o-g6oro g3q,oq,3bob o,r6rbare
Lrgobr6bo bXqr.r0b3qggq,obolr lr.:.:6X6gml-r 8o36ols ggq'3br0rnboq,36r 6r6gbrbq36r o0
rqor6gbSq, bo65sorr 6gbbr, t5rnOgq,orr grbor6o jrq.rq,q3bob brt6oL 6g6gq,r0o(6Cbo
L.l6q9o 6SJggr6ooor lrs663bq,rnbq.o636 qrs o0 B30orb3Caltso, cr,U ltar6rn Srbos6o
j.iq:q,qg3bo .rg6o06gq, bo65gAtr3 UJ3C o3536Cbr'rc.os, LrCs6D3CE rn0o 0ror b.:3,:]6r'rq
br6or3bCbrb rqr6 qrrblo6q3br\.o.t pr0J636oon 63b,:6or3r. 0rn63os6gboor (2010 $3q,o)
rq6o86gq,o Brbs$g6oL ll.:93d33q,%g 03ojE6,: 3,rbo6i33Eq3b,:63 6r'166,16o3o, 6r'r0q,oor.r6
101
6r6oLrtq36t 5eo)6Cbgq'o bot45gbob 63lrb,: q.or s0 0o6g3bb3 bs3.:]6rnqr erAACAUq,o
EJror6o jrqrq4.qOob lsj,:6lol3gqo8o bs6or3bCbobcrgob qrsqr6o6qrs 6o6o0tq,g6o
iloorbrng6Xbo, t6o0qrg0o6 Oboq,t'rqr .r0 gslrorb CsgrqqgC0lc3 o69916S16oo11 6r.rJrn33brlr
6gqolrb8e$qrt. 2012 $gq,b rbrqrdr S3b0r g3g 6rdrno$3or o6g36gbo [sg6orrtser6olrr.r
o63gb6rn6gbob 0b6oqrrb qr.: qrro$go 6o5o Eoq,sJs6r3g63bo rqorr636gq, bo653b9ca
Arbor3bCb3q,lo BJrorbo j.rqrq,qgbolr g8ogg6g3borb bsjr6oS3q,olr bsb6oor
q.om6$g6gb36obJ (ls Ar')6r3rq,,o &t666cxn6obolr orsrnbt$3.
2009-2010 SqCABo 3s&e66qr3\robs8o Ar6bc66oCq,30gq,o do6oorsq.oo
63qnqgbg6ob
rj66go 3r6rn6jg0qrg0rt6g .:jg36ob tr6a3q,gogrb qrrXo0r'r. bsb6ob orooxn3gq,o
Oobs$oq,3 gg,:Job6ogrqr Arer3oqr go6sblrg6o r66r6o66gbol_r lrsg6ors8o6obrr
bgr6qr6ggblq er ao3bCq'rgre' qrtsggoU6o r6bgbgq,o bo6oryq,g36oUs, sd C$rJobogob
tsC0cpC6,
tsglrsdqgb3qo Arbq)r Arb6ob 0rn6sSoqgot gE6r3qr3lrn6ob go6.r6bg6o .r65s6oB3botl
6r0rej39gfubr. r66.:6o856ob lr6gq,gogols qD erb3C$ob 0o0r6orgq,3boor
3o6bgq,6r6o3bo q9q3lrs6 66d3q,,qrgbs. .
2009 $q,oqr:6 rjgogt6sqr 3orr6rdil{6n0q,rnbor g6rn36gq,o ltoqg6gogo3t6oo
6o06gbob bss6g66rnor rbrq3or6orborr6 (ANNA). bqldlC OrnjE3po VCL"
rbq'lse36o$o6CbSqr 9rlro,:6 jsqsq{.og0tJ 0brnq,erqr gtu16gqr bsop36gogo3.:6oro 6erE36L
r6olC0er. brjs6cn3gqxntso ErarnAgCb3q,o Brt cl16cl jlqsq4.o36o 36r.r36gq,o 6rn06oor 996
A66olr3bqgCbal(,r bfu.: j3XgfuOob 6o6gCblca trs3s$6xnqr q.or X0ogg6g3bo, od3qpbgqr6o
ba.ogbrnp6g6 lr.:jl6o6gqotlo 3Ooboot-r Jr6rnbJalgob qrr0g3oglbolr 830q66 0o9016orror
g6brngortso dgrngo d-re6o.>6oob $t60o0sqr6g6q,gbolrxn3ob bsg6orrtsrn6otl.r 6er0t6ob
6ott,:q36rqr. 2011 $Cqb b,>jr6or39qotr 36o369qlo 6163o, 6o6o66 BrLor6o
jrytqqrgboborgob 6r.r66oL 0o6o]36sSg ggq,gOr0oboq,o r"r66r6rn,
brber C6elA6Uq,o
b,:oqr36gogo3r6oo 6rn66gboL trss656goorr rbrngor6oolr Jr6o6cm6o. Jr6g6orn6obob
oretbrbC 5rgot60363q'o tsgot6bd3bob Oob3qr3oor, C6xn3fuq' bs63b Eogbolr
br36ottser6ol-rr'r broqrgEgogo3sgoo 6er0r63bob 6.:6gEob ggq,gbr0r.rboggb,:. IAJAC
o66r6o$r6ootr qrtb6r63boor E3bdqr36gq,o 6rbqr.: ll3r6cnr0o6olrer 6g10r6gbob 0o6o$gbr
bsbrSq,ESogo Brborbo jsqrq,q3bobor3olsg. 0X8rnqgb3q,o oj6s g.:bos5o jrqrq,qrol_r
0,:oqg5gogo6o63b3qro rbrq,o 6rn636o CFI, 6r'rdgq,o6 UB6xr AC$rg3r6sqr .:q$361r rE.:
ory o0 grborbo jrqlqrol-r 6sbr[ororg\>3bb qgr or3obg$3btr.
eeColrrogoL g{6o36gqr b.l63b rfulr S3qer0r rn66.r6oles6oob bso6ger60rgorn brbstrorsE,
6oEqrolr E3tsgcrboor.rg fudnerq3q,.sq.o bqrgbt oO o6gor60rgoob
Ar6rbq,Cbr, 6rn03q,og
j.r6ogqo
UJrgBo6eCbr
EJror6o j.:qrqpgbolr 6o06g0ob 0o6o]3brlr, 3gq,oq,rCbrb eJ
6,:gj0gbsb.
6X63go63bob J6r63b6o ArAm3q,o6er brS33j4bo 3r$960qrX0q,r,rb,rtso.
3oq,obo36o
lLJ&lOCbo, 6o0qr3bo6 g3.r3tsor6qr3brnqrr Je0o6ob66r6ouq,o 3s6r.r60pger.rbotl
6sErnggbgbsb bgboglgXbob !.orxr6oAC6ob e6mb, 396 gb6ag633q,grn3qt C6rng63q,o
0r63ob ggq,gbrdrnlnq,gOob b63qrgogoqr.>q.o 6r0rngbgbrb. 2012 $5qir drq>rtso ts33oqr>
rbrq,o 6r'rffrOouq,o rCOo, 6er0gq,8r6 0r6bJqbeg6r brir6olr 0o6r$oElCCbob AoC6
Egbsdq,o Sgr6egCaCbob 6gbb,: qgs olr br.r096o, 6rn0q56o6 g6q9.i oj6rb ArArrgCECbUq,o
sq,6ots6gqo qs6qg3X6ob qr6rnb.
20ll-2072 $qrXbBo qm$gtr :66rr6oE3sqrqgbgqr br$rr60rngborr6 qr.:3s3tso63bgq,o
J6ergjgob 6r6bm6go3q,3bs. J6r'rbq3EsL $r60r'rrqgAC6L 0r'rj0Xqgo br$.r6dmg6ob Eboq,rnqr
tso60rqr36o .>66r6oB3rq,qgbgq,3b.r, 616 90-or5o $q,96ob J6o3r6obrgoob tsgqr36oor
r6otr 5r0m$3ggq,o. 5q6oA63q,o bs$s68o3bo br6JC6dr1Cbotr tsCqgCbrSg Ar6eroCAEC6
lis,:jgoo brtxr6rqxn3b3b.le, arcDo Brbor6o j.:q,:q,qg6o Jrbnbob d:q,oor qrs grr3Cq,,Agr6o
rq,OC66r$ogob 6.:6309 5r6ors3[ier Lr3r'rbq)s] bo65lb3, bnq,rn J6o3.:go.b,t6oob 636Es
0oB63gq, oj6,: 30olroolr J6r'rLJ3jg.:qr. l-rrg.:68er3boli g0r6.:3q,gLo6.: 16 3s]6rnbb B5bor6o
102
jrqrq,q6boor q'r 16 r$s6Cbtr o0 3q,rbo3g6 gg6j6orb, 6o0gq,1s6 lrsas6rn 3o0Js6o36o
oot3L3b36. 2010 $3q,b 6r'r6Ergo3q, sjggA8o 6rbbo66qq,qrr 6q,oq,g036o, 6rn0q,oorr6
r66s6ots6g6obgs6 or.r3olrggq'pSbrnqbgb olr 3er0Jr6og0o, 6o8q'g0Ls6 brnq,r.r 2 $q,ob
6r60r3qnb.r8o 16 Jjo6qg.ror 6s3.r$6o bsgrn6qro bo65rb3, Jg.:3qrsor 50-tg 6,:3q,36o
rj6oobg6o, s6 6oE3qors lrsjEor6r'rbrg oger E3Bg63b3q,o, rb6g oL 3r'r0Jr6o3bo 6o0q,3bo6
o8goggboqr6gb Arerbeob336r6erbob s6/qrr 6C6oq'lo6r3oob 635o6tso. 2012 $3q,tr
b$s6o63q,olr 0ors36rnbrborr6 S6orsqr qrso63g0.: J6oalgo, 6o6gqro6 6r6qrr
lrg0orq6ots6gq,o J6o3oq,g6o3bolrs Sroor3sq,olr$o63bq.or s66r6oB3rq,q.ogbgq, lr.:$r60oors
lr6s6gbob 0oblr6$ 0.:on Urj0or6o6olr, .rjgo36r'r0ob, 9o5151196o Eqr6cn8s63r'rbob qrr bb3r
gs j gm66botl 6ror3rq,ol-tSo63boor.
boqrer $ggbob 6s60r3q,rnbr8o qrro6366s o6gre60s6ool-/.r66rt6otsgbolr $r66r.rqr5g6olr
Xq6jg6o6gq,o J6rjgo3r, 2012 $q,obo6olr 6goj06s b6gq,goEoq,o 3qr3jg6m6gq,o
6gbg6o oO bs$s66ogbob, 6rom rjgoo6363bob er $oq'oA6%o Ore6sSoqpobob
g3q,oq,Xbob Bgbrfub, 6et0gq,br6 36r'r36gq, bs63tso J36ornqgq,sqr $s60orqr336[ g.rbor6o
;lrqrq,q6bob qrrdreg3oqpb3qn 636ob66s6o6o.
2012 $q,ob at6argq,rnbrtso qrrEg3ogqrs 2 br$r68erb g6olroob J6eilJgigo. bb ,,or3q,rb6.>"
6r0erg63r 31 281 532 grq,o Bggqgb6o3o sj6os l qrs6ob 6rn0o6sqrg6o qo6gbgqrSboor,
boq,o lrl-r "q,obC6oo br630s" 10 000 000 grq,o J6o3oq,36o63buq,o rCGor 0.01 q,r6olr
6o6o6sq,g6o qo6gbSggboor. lrb
br63olr" rj6og6olt B3orr3r$gbolr qr,:b6ryq,36r
"q,obX6om
2013 $q,ol-t o36obtso o635Egbr.
2012 $q,ob berq,obcn3ob ltjr6or33q,r.rt-r B.>lrcl16cl j,>qrq,q6bob b.rir.>61q bsj0or6obrU
g$3erqg.r 1 bsgo6qm bo65r, 1 gslrorEo j,:qsq,q66ob GC6O6rql36o qr3Jer9ro6s6o, l0
lrsb6o3gt6o 3er0Jr6or Cgr 2 6CAobO(5rOo6o. 10 brb6er336r'r 3rn8Jr6ooqrr6 3 s6 ogct
b.rgoEqro bo65ob $66o. 6g6olr66r6rn6gbob Eog6 o$r60ogbrnqrr 651 lrstj6oet
bsbo6rqro3bolr rj6orcnr 633bi16o.
2012 $qrolr 31 q9630b6obo6otr Er'rj0Sqn lt66er336r.r 3o0Jr6o36ol-r rCoogcbob bs36oxn
8o6gq,cnbr0 46.6 0oq,oer6o q,r6o tscrq)bobr, 6rG Scr61 4 J6e636goor rqC0rocar Sc,65
Sq"b 0o6.16g8lr. 25 J6rngg66oo 6ro'br6qrr (,r 17 .6 OqE qlr6o ts3rqr6o6s
3.>q4663qr3b3bob br36ox'r Ooggq,r'rbrE. JrJoorqrob lr.:35oxn OerGSqrgrbrE 29 Eq,6 q'.:6o
03rq.o6o6r, 6.:6 2011 $qrol-r r6;q><n6o36 Eo6.:330or.:6 ts3qrlt53boor 5 J6rrn636$oor .:6oll
E306o6g0gq,o.
b6oOoN 41
I
0oggq,obr
ls06o.yfi o .p0Js6oob grrbrb3q,l6r
bid'%Cbob
(gtufr
qrlclCbCq,Jbo
6v'rcor6t'Br
AcDc"(orr)
(c'n6o)
bb .Ao xo.tJ&)OJe"cr'
319
49,O49,326
728,245,157
aも ,で 。年輌σx)bqわ 静 )σ Ю%
163
6,014,323
117,276
tiJ tub6l(,trl6'(1.roaJJEoJ
袖
^rr:urtdr.rrJq.r,rq" X?,yl-qo'
,,o取 x寧 蒟6r,1歯∝ぃcЮ
OJtt,,,ls6oxr b6sr.ytrr,'
AdJ .crr6obo Afxr.yf6o'
1,fi7,735
38,789
16
342,735
21,000
2
100,r95
5,875
17,103
1,130
56531.417
728,429脚
83bぃ 0改ぅoし 鷲ぅafbx餃ァ)̀̀
03b,β nF5 R● 06o田 oxp b静 8otnb nOo(う J欧 ,中OxOし
33b,お 伊 ゛
A.,,lt.l.r6roa.rqooU lr,>c6,q..tklr{rogr X?,:Iglo +'
tsJlt *1.r11p$11lr gm6$turq, L,t6r:puob"
l-t:1q,
y5
$gs6cr: lrrj.:6or33q,r'rlr lrrggr$qrgr bo65l
103
('or66rar N 4.8 lsb6<n3g6o 3o6JrboXbolr 6orq,or6o rjgo3Xbob, 3.:qrqgg&Sq,gbgbob qrs
3rJo$sqrob 0o8165030o 2007 -2012
︒ ５
５ ４
ＣＣ ρ び Ｄしυｏ
.+rCO(8CAo -+3.5q'l(,Cfuq'CDCAo +J$oorq'o
５
５ ︒ ５ ０ ５ ０
３ ∞ ２ ２ １ ・
$5r6ro: bsjs6or3Xqrcrtr 36rer363qro 0163o
20f2 $E rtr 3l q,$S0btur ao6s3gfuboor, tr.rjr6o6gqxdr b€tn6(m bo65ob bobgg0.:Bo
qrrtsgbgqo ogo 133 g6ogg6golr B5tror6o Crq.>qqg.. brs66.r6o8er J3t6ooptso tsrbor6o
jsqsgqrgbolr 6r6o63bscnr brg6orr op36rnbr0 735.6 aq,6 q,56o ACrebo6r (59 Aq,6 6rq,o).
rj3qrs6, bo65olr bs3r$6rn b3bort3 qrroqrrn 8.8 0q,6 q,s6ob 6s6o6X0s, boq,rn bo65o! 6r6gcn
726.7 EgE q,56ot Er6o6Cbs. qrgojbo6gbgq, 6s6opbror trrC6olm Or'rggqrrbrtso,
6g6ob66s6rn636ob 0o96 6o6grbg qrsgojb6g&3q, 6r6o6gbsorr Or'rggq,rnbrb 9
J6rr6366o, berq,rr qo6303q6bsb 43 J6<ng36go glo6s3L (Ern3gqrnboo - 8 0q,6 6rq,o,
qo63agq,gbool - 7 aq,6 q,r6o). trsb,6<n3g6xn 3rn0Jr6og0ob 0o96 6odryst3 ara0buq er
qrrgojbo6g63q, 6r6o53b.rorr qo6g63qr3b.:A 728.4 OqE qrrr6o Bgrqr6o6r.
20r 1 $q,ob s6sq,rn6o36 0o6r6g830ors6 tlgqrr6g6oor, gslror6o jrqrqrqg3boo sgrecat|q
6r6o6gbsors qo63bgq,3bt 38-a36 6.>olr.r6qt, b<nq,o Er4gq,r.rbs 1.73-2116 tsg86o6qrs.
rqbr6o36.:3or, t6rn0 bo6gstrg 6$br'r66ogqgbgqo 6u6o5gb3bob oqrg6rnb,: ts3rqrg36qrr 339tr, boq',rn r6rlrsbo65rn 6r6o6gbgbols 538-lr, 619 A3gffigq,gbb brb6otr 0r.rbr$oq,g3bolt
6b6oqrr6 .:6sb.rbo65rn 6r6o63b3bobor3ob gJotfu 63brn6ob Eo6olgb,:bg.
―― 中 旬 匈 ば か (OⅢ出 か 町 触 〕
}
3,vX)
︒
︒
７
び Ю ど
鰤
F
U
tc
出 。(063bOmぃ お )
︐
000t昭
ＣＣ
qn.r56rEs N 4.9 3.r]6obolr do6oor,:qro 0rts3X636q,3bo 2007 -2012
3,ooo
2,ffi
2,mo
Lsm
1,(x)o
500
100
0
2070
2077
2012
$9,:6t'r: brjst6or33q,c'rL bsgobqr(., bo65s
104
gb6oq,o N 4.2 36Xblroon o6ger60.r6or 3r$6obolr doSoorqn ErB3g6gbql0ob
$gs6<r: lrsjs6or3Sq,ob brSobqrer bo65:
qrrr66rar N 4.l0llbcxn5o qgs l6rlsbo65er 6J6oACbC0ol, 6se4r36tnb.: $q,Cbob
0obgg6oor
I r6rbSrtrgcr r b$o5gtr
8,mo
7,000
5,000
5,000
4,m0
3,000
2,U)0
1,000
0
$g.rfrer: lrsjrdror3Sq,ob trsgr.16pro 0o65.:
2012 $xqfu EJror6o jrqrq'q_oCboL OC6Od,;EIC6I (0&,rbo$r68o q6Jre6o6Xb3qn ogo
17.4 6qE gJrocbo jsqsq,qro qrr 22.6 6q,6 q,r6olr ggq,sqr6 bsbb63bo.
qror66r0r N 4.11 q3Jo6o63b3q,o tsrborEo CrerE q3bo (2012 $)
r
(0#,Gbg6i 636do)
Odrr6'.brC6oC0ob 6r,:oqr5&Dbr (ar&rx316s eC6do)
ｃＣ び ｏつ ｏ●
︐
︐
-b6r.Jfur
9,m0
8,000
7,m0
6,000
5,000
4000
3,000
2,m0
1,@0
0
oa{)
$g:6rr: brjs6o13Sqrerb grlro16o jrqsq,qrg6ob 0C6O6rq,U6o ('rJr,ltoOr6o
105
qrlr 6rar N 4.12 1336g6,rql36 S.CJr'l$oOr6Eo q'CJtnffigbgq,o gstrosbo jrgsq,pgbotr
b6a36gs gql3bob 0ob3q6oor (2008-20f 2)
c
1@
ao
e90
c
Beo
70
60
50
40
30
20
10
$g:6o: bt;l.r6or39q'erlr gsbor6o j.rqrq,qrgbob OC6O6rq,U6o pgJolrogs6o
qnr66$r N 4.13 ASJ<.r6rl6rCA"Jq,o ggq',.sqn bblr6,C6o (2012D
I
OF,ISSJCOoCAob
dDt.lq,Cer$r (ardr$C6r eC6do)
(arOObg6,> qCffio)
ｃｃｏレ ｃつｏ
６０
-Adt6Orr
1o,mo
9,m0
8,@O
7,(m
6,000
5,mo
4,000
3,000
2,000
1,fl)O
0
c'6{)
$gr6o: b.:js6or33q,ob gsbos6o jrqsqrqrX0ob OJ6O6Jq)U6o erJ('tqboOr6o
106
()or66rar N 4.14 OC6O65q,U6 q,CJoSo6o6tto q6Jo6o6rg0gqo ggq,rqn brbb6gbob
469fu.: $qgob 0obSqrgoor (2008-2012)
c
140
tD
E
9120
U
c
100
80
60
︒
４
︒
２
．
ggr6('t: brCr60139q,erb grlro16o jrqsq,qrgboU
0C6O6rq,U6o q,CJ('ltoOr6o
qnr66rEr N 4.15 366bbocrn ofurn60s6ol 2012 $qolr 5s68r3q,erbr0o lgrAC&Jgo
6s6o636olt qo6CAUE Cbrorr J5r'r636OUq,o tufuCECAqrfu ACbJbCb CfloO6EOCOc{J 0ob5q6oor
r b$6crracrqmb 6s6Jo:
727,1115,505 qr.r6<r
! lrb6r: $422,331q'r6o
$gs6o; lr,: j.:6or33qrrnb lrrgr.16qro 0o69,:
t07
eor66rar N 4.16 2012 $q,ob 6s60rgq,obr8o r6rlrsbo6grq As6ob0bobob qo6Cb0qlCbror
J6er66ggq,o E.:B3g63b3q,o gEog36ggbott Eobgqr3oor
r trrj:6ro4Xq,ob bs63o:
718,488,379 q,r6o
r bb3s:
8,233,101q'r6o
$5s6o: Ur js6or33q'otr b.rgobqro bo65r
qror66sEs N 4.17 2012 $qolr 6s60sgq,obr6o tlr3sj6n bgUogbS3 c-orc.o3bgq,o
6,:6o6gfuAob qo6Cb3q,C0ror.) J6'oOCSOUq,o ArBgCECbCq,o 30o$36S36ob 0ob3QSocr)
r b$s6o6gqrdr 6t53o: 8,658,126
E J6o
r q(SC6(,r, b!63o 131,527 q,r6r,
r tJb3r: 57,702 q,r6o
$gs6cr: b.> jrdtor3Sq'erb Llger6q.oo bo65r
a.a bfu r gn6flry6n oA$oOrJ$Obo
2012 $q,ob 31 pgg6b6olsor3ob lrsgo6sbbo bgX6ol-r bb3r 0o6,>Soq,CCbb $r50o.>qr656qr.r
18 t .:36Cqlooer Jr3Bo6o,62 0o36tnlsgo6rbUo ot56s6obs6or, 964 3rq,3$ob ArQra63q,Cq,o
(t
JU6COo
34 Buq'r(n 6tr36oq,gbolr 6r6Erbrn6go3q,3b3q,o Jo6o.
2012 $q,oU boq,r'rbo6ol-r bb3s bg60g6g6o 8<'rq3s$g 62 0o36olr.:9o6.:6lro c'r66r6olcs6oolr
0orq,or6o sjgo33bo 20ll $q,olr 0r'r6sggE3borl6 6gpr63boor 53 J6r136$oor 5.:otrr6qrr qrs
678.9 0q,6 q,s6o tsCr(rao65' 61 J6r'rg56$oo 6robs6qrr qr 508,3 Eoq'oo6o q'r6o tsCrQAo65
8orq,or60r Brq)ACoUq'CbC0ar, bnq'rn Eorq'o.r6o JrJoOrE'ob oqr36rnbrE 170'6 0oq'orn6
q,r6b 6rerr3r6bs, 64 $o6r $3q,or6 ts3qt.>63boor 33 J6r4366o.:6o %6q.oob B3p35o.).
108
(r,166rAr N 4.18 0o36eirsgobrbbrn r.r66r6obr6o6bob 0cnq,or6o rCOoBCbo,
grq,q.o30gq,3bgbo, JrJo$rq,o er 0cDq,or6o BrqlaCb3qlCb3bob q.oo6r0o3r rjgo3gbors6
0o016orgb.:Bo
﹄
７
帥
％
７
畑
じ
７
︒
︒
６
ｃｃ ａ び Ю町 ざ
Ⅷ
筋
７
０
０
４
抑
加
ｍ
︶
2017
2012 t
2012 |
2012It
I Aoq,or6o rCOo3Cao
Iaoq,or6o grq'CgCbUq)CbCAo
I0oqror6o
+Ao. 3J(,,gr.3rJo6;q'o
Cr,6.ldo.p ql4y4lAorob AoAJF)orrbJAo
2012 rV
$3s6o: tts j.:6or3Xq,r'tlr 36o363q,o bl63o
0orya666, rjgq30ob $Cqrrs3 A5ofu6gqm3r6 JnAJrnEC6O,l, g.:6&'r.rqr656b $0o6q.os
lrCtbC6".
qnr66r0r N 4. 19 hlrbCbob ttt (rtl, qn6s0o3r rj6qX6orb aoarOo4asao
ＣＣ２υ り ど
800
700
600
500
400
300
200
100
2011
2012:
201211
20121‖
20121V
B ao{nc6o r.JJ%C6o r s0cl6('r ldrbcbo
$5r6cr: brjr6or3gq,olt 3t6o36gq,o br63o
So36obrgo6s6Lgr rn66r6oiorgoSbob 0orq,or6o l-rr36gqrogm J<n6gg1qo 2011 $q,ob
0rn6l630cnrb dgqrr6Sboor 0ro$r6e5 48.7 J6q3g6goo cgr 518.5 0q,6 q,.r6o 6gsqr6o6r o6o
dotiootqrsqr $.:60oq6g6oq,or brOo bal6rn6oor:
1. 3rj6ob.r qr,:0o0Usbg6gbr -139.5 Eq,6 q,>6o (Jo6gg9q,ob 27 J6o636go);
2. bgrgqrob 033663obs q.r Eggg63obr -143.2 aq,6 q,r6o (Jo6OBCq,ob 27.6
J6r.r636go);
3. l-t.>Eo8bEr6gbq,rn trSbb3bo - 176.9 6q,6 q,r6o (Jo6OBCq,ob 34.1 J6mg966o).
109
qrlrS6rar N 4.20 Eoqros6o &n66ggq,ob tJ$6Uj$U6r
ｍ
躙
仰
ＣＣ υ り ご
︐
抑
加
ｍ
口3｀卜
2011
2012:
も い
a切 bⅢメ 可 ぉ
l:
2012::1
20■ 2Ⅳ
●しnBq「 も 鼈 ♂ 幡 rも 、ド800t」 33045
■し蟷薇 bOo●゛ q‐
■ぃ
…
,8● 6o:b、
S6030ΨOb 06o35uΨ o 05530
」
JC6rle{trbcrb 0ob3q6oor TCOTr6CbolJ SAqt A6ofuECqxngr6ftq,rqr gr5Jo6ofu63q,or
3rqq5b3q'Cfu0ol, as$C0oor, 6,50 dcr6crcrrrq,rA rOsOXftoqrCb$o Urgo6.r6bo
o66s6olcs6q\s6 Oer$oqryqn lsbb63bob smAgqxr63bo<r, r6ob 6$o$3ggqo.
0
5∞
C
E/4txl
l●
0E/
300
200
1∞
2011
20121
201211
20121‖
賜 璃 鰯 窃 協 螺
qror66s0.> N 421 Esll3bbgbo ls,bbOpaoU Ugfial{196o, r6.vcOtrx-ogSOo
r.r65r6obr6qboqn6 qt gobo3g5o Sodl3bc&)r6 Aerto(Uqrl 63L3d56ob qrr6sao3.:
20121V
‐ ■bb35
― bObbpo rttJも 呼 05ぃ り は 地 向 05L00m゛ 955
‑じ J̀bぴいTЪ 話 い
‑30｀
姉
い
…
,9、 6o:b5」
ヽ
6∽ 30YOb 06o35u9o 61530
69｀ 30Ъ 03つ あ0
δ
05調 3509o355o5, 6o0 2012 ,0響 し ぃ638"で
55bObb06oし ヽb606o
3o606oで o50oЪ oqΨ o bsbb60。 Oし ,oΨ m66030 0583050"9o
'0959bb35
650Ъ
53060955
0oЪ
oゃ
。
めb60600
Oo6ooo959,56009606o9oδ 60%。 9860oい
りΨ し
60"」 00bЪ0
%6obscD30b 000o3メ 50。 りΨ ふ
%00o%● 5o0509o35650006ob出 %05,も 。
56b06咽 Ψo Oδ 雙5Ψ 00。 角060b305Ъ O,3o象 P53o6fmン 面6oっ Ψ。
950し ｀5 bObo00ob
8oO"bo。 5obし 05330500響 0眺 0(ROE,ROA)
110
(rlr66rar N 4.22 Eo3&rbrgobs6txn odr6s6olsrgogboL 0o06gbos6tebob a,:Bg6gbq3bo
cROL ROA)
3496
331%
32%
88%
3096
28%
26%
24%
2296
2眺
20■ 0
‑ROE{嗚
ぃ
中
2011
0)
―
ROA(0‑5Q…
〕
V
$gs6rcr: Urjr6or33q,oll 36o36gq,o b,r63o
gbqt sqo6ots6olr, 6od 36rn36gq,o br63o lrob6g0sgS6rqr d3ts.lgblr l_63s6o60p36q,r,r
o6o6or6o33b9cg, 6o03q,o6 0ob6rqr olr.rbr3b ,>0 b$go6ob 6r63oorr63bs[ q)r Aobo
0s6g6gq,o63bgq,o 6r,r60r6ogq'o br%olr qrrbg$,rtr.
V
111
5 lrstfq$A<'rlrott60CDo
It.:j,:6o6gqrerb 36o36gq,o 6r63ob 0o96 2010-2011 0q,CbA" ArOJ6caUE o 699o60olr
BCCpCarCg jggr6s8o qr.ro6g66.r lt6sqrrbqm qrr gslrorbo jsqsq,q.oSbob r65s6o8b$or63bob
rbsqm lrob6g8r (GPSS), Es6cn3otr or.:6s63qx6rn3g E.rq.lq,63j6crqrn6og6o 0alr6ob636oor.
tJoUOCar odq,33.r tsgbsdqp0q,rnbrL, jgg.>6.l8o 6r$bo6goqrgbgqro 6r63orrflo6obo
.r66rt5otsb$r'r6gbr ESbt6gqpSb JoeCB U3<6m gtr.rg6obmqr qgr b$6rgrqr. b.>r66r6otsrn
J36ooqrtso 6,>66dgqrq9r 0g8.>o6.: ls6rqrrbqrcr bobgS63bob gg6j6orn6or6gbols qt
lr,:6rqrrbqxn 0o0brb36gbolr 6.:6bo6gogq,gbolso6ob t-rr8s6orq,3b6o3o brfcob lr6gq,grngolr
Oodr6orgqpbocn. 336&nq9, d.>qr.:tso Bg3oqrs ttsjs6cngq,ob 3.:6o6o ,,lrt6rqrrbqxr bob630obr
qrs br6sqrrbqxn 6o0tr.lbg63bob ts3brbg6". rq6o86gqn 3$o6oor lr.r6sqr,:bqro bsb6ob g3gq,r
&nbs$oq,olrro6ob 6.>6obrlrq36s X6om.>5o br0rr6ory,gb6o3o 8168r.1 6.ron lrsj8osEobol-r
6r6be66ogq3boltor3ob, tsgoja6s L,r0r6orq,5b6ogo lr.>g3d3gq,o 6r'16o66 LobOCAU6o,
qto33oqnn0obr q_os ts36gqgo$rn 6otr3gbob 0r6or3otr 6b6o3. 0oq36gqro 316o6o
ts3tsdB6g3sq9 sdq,ogt63bb 6o0b6r636gq'or.: qrqgol-r 0$.r6oba3bb ls5rqrrbqrn
6rnEbrbg6g6olr g6on35om636Bo. rE 0b6o3 3t6or-36cno E6o8363q,rn3r6o Losbq,gr
br6.rqr.rbqm o6Ug6a3ag6g3boo (E,ror 6m6ol-r Ul6re'rbem br6rcDC6oor) 5,:6bo66oCqCb3qo
56r53oo6obCbgq,o grJ36.r6ogbob ts3pg6xp Eog363bgq,o br6.>qob s6r9cgrg63bob
b,>3oorb36ob qros636gq,o6g0J. irColo 66s6bql6oX6oor ArArn$BCUq,o bs6sq,otr
r6rbqrg63bs 3r6rn6olr Ooqgbr0qgg brn66o3q,q93brnq.or JSrn3roqr36trs ps 0r.rEb0s6363q,U
0o6ob qrqpbtlq,o b3q,6g6ryq,gbob qr.> .1669o199 lr.>g6orr8o6olrrn lrsbr6.>or3 bobgg8Sbotl
$3tl3bott egr J6sBCAU636ob Oobgqr3oor. ts3tr.rbs6ol-r.rqr 16 r6bgbobqrr 36oro16o 0oqr6o0r
ggqXbgbob, 3rq,q.ogb3E[bXbolrs qrr JsbgboU06g\,rn6ob Ss6s$oq36ob 0b6o3.
.tt6rqrsbqxn lrolr6g6obt er br6rerber'r Oerdbrbg6gbob tsglsb36" brjr6or36q,mlr
316o6oo1 5r6obrlrq36r, 6o8 "Arqgs0bqgCq,o Jrbgbob06Sb3rqos EcrJ.:6Uq',o 16 e$r6AflE o
br6rqtbqnn o6b66g6366oor sE 0olro gg,>6o6o Ooo4obgbocn 16 g3s6o6rn 6sEog363boor
6.:Eer$3ggq,o, bsjs6or3gq,r'rb ggSogel6osb3 gr6brn6gogq,3bgq,o r6r,l36o6obcbgqn
oJ36rgoolt tsC(gCbre $s68r.rtsr.rboq,o botEoborgol,r .:6s g8gg3l-r 100 q.l6obr" Ar6er oA
Bg0orb3Cagbobr, 6r'rpglt6 0og3636gq,o b.r6rq,o 6.:dr.r$3g3q,or 6rqrr0bqrgq,oU
(0r'r0b0s6gb3q,o) c.orbrBrgq,3bdn3o jE3qr36oor .:6 r0r33 Jr6er6oo gsblsbq36gq,o
br6rqtbqm o6bO6UAC6OorE qrr3.r3do63bgq,o 3rqrq3bgq,363bob qrr3g33qrr.rboo.
336doqg, 0o0bE.r63b3q,o 3rq,qrXbgq,o,> ls6rqrrbprn o6bg6g0g6golr erJr6ASoU,
0oJl63ob, p3s6o6rn Ooor3otr3bob rE 33,:6crbrn 6r0r'rgX636ob g,:jgob rq8ots36ob
E30orb3C8r0o Ootro rq0r.E36oeJ6 UAerJq,Cb BrerBo ECr6gobobrnb $ol-r or.rerbr'bg orr3otr
Ur6rqrrbqn 0odbsbg6g0olr J6o3mqrg6b rb r0 J6re3roqr36olr 0o96 5.:61-r.r9cq36gq, Jo6b.
5a tsC$Ur'r0o6C6ob tsg8q9g6 3cr0b0r6363q,o b6rCqrqr ar.:gob3gq,p3bs EoggbSbgq,o
$r6rq,ob r6,rlcqrg63bob JJtgboll0g3bqobolr6s6, brnq,r'r r063s6 Egggrnbo636r0qg
$rt60o0erboq, b.r6.:qi.r 100 q,s6olr b3floor r6r9eqrg6gb6 br6sqg,:bqxn 8o0bsb3636oU
J6er3.rq66o.
RTGS ltobOCdl0o At6ba6? olq,Cbgq,o rrJg6.t0 oe\o b b1.t5o bdoJs
2012 $q,ob 6r68r3q,r.rb,>tso qGreob 63.rq,g6 695o06o s66s6o8L$r'r63boL (RTGS)
bob630r6o 6l6bo66ogqqt 11.2 0q,l6 gsqrrbpob erJg6rgor, ors$bgr66o3o 6rB3g630q,oor
126 0oq,or6qn q,r6o. 5.rqr.r6ogb3C6ob b6g63ob brflgrq,r.r qrqo36o E.ltsgfubgq,o
ts9.:qr6gbq.or ,[4.3 rorrb lrsbgcnb, orsbtxnb6o3rqr 498.9 Eq,6 q,r6b.20ll $3q,cnsb 0gqr,:63boor
RTGS bob630.>Eo 6rq)r6o0b3C6otr 6soqr36r'rbr 6robr6qrr 889 .>cnstroo (8.7 J6o66goor),
boq,r.r orr6brnbt6o3o EsBp6gb3q,o 6,rotr6qrs 44.7 Ooqro;6po q,s6oor (55.3 J6rn6g6goor).
q.o6eroll 69,>q,g6o 639o60o .>66r6ots1-r$r.r63bob lrolr63Eob b6s6otr6o3g6o 0rn6,rg3Eg6o
oboq,Xcn j330r.rcn $r66rnqggg6oq, qro.:56.:0.: N 5.1 p.> qnr56,sEr N 5.2-tr3.
112
eo566ra5 N 5.1 RTGS lnbgX0rtso 6r6bo66o3q,gbgqo 6sqrs6ogb3gbo (2012 ggq,o)
roln oJg66or
oqtrig q'Yrn
l4
２
・
Ю
８
６
４
２
０
∫∫ ござご
ざ
∫ r
q,r6o)
ヾ
orr6br (Aq6a.
(roDlxr)
-t6.rere05obs
$gr6o: brjr6or33q,ob Xt6o36gq,o 0163o
qr)JA6JAr N 5.2 RTGS boll)3artu 6.$Uerfuqq,C0"JE o 6sq,rd,oghC6o Gm2-2012
Ю
a(trre q,ldro
hq(,)
Aq'6 oJC6rOor
∞
︒
８
︒
６
０
︒
２
2m2 2003 2m4 2m5 2m6 2c[7 2008 2m9 2010 2ol I
r orr6trs (0q'6qr. q,s6o)
(Aoq,cx,r6o)
2012
-6DclACe,!0r
$gr6o: brj.rt6or33q,ob g6n36gq'o ArEJo
RTGS bobg38r slr6gq36U g06o8363q,rn3t6gb 6tnq,b 6ro6rn66 Ssqrqro orr6b966o3o
0o63q,r.rbotl, rb6g 09o63 6e6gq,r.rbolr (:.l6sq,er) Arerbq3bob 3go1!oor. 2012 $3q,b
36r'r36gqo b.:63ob RTGS Uob63Eoor q)ra3tsrger L.:js6cn39q,rntso 6r6bo6gqqgbgq,o
O6r6brC3oCbotr br36cnrn 66agfuob (or,:6bcr0r6o3o lroqroqnb) 72.3 J6e636go. rg6o66gq,o
l-t3q, 66o63 4-XC6 reCArOCOr U6req,o 5,:qrbp3bol-tor3olr tr.:j.:6or33qr.rBo
5.r0r,rgg63bgq,
63bol-r8o36 trb3r trotJ6C0rbfurtsg.rqSbrlrb (t rAABJ6re Bo6r6UU6o 6gb36b3bolr
0gpgg6bgbgq,o Er.rd6.:rnbolr 36or-36oro g06otsg63qer3r6gbo bBgrq,3bJr. 6rG ACCbCbr
36.>qqre 6.:qrrbq6bol-r 6srnqr36<nb6o3 Erts3g6gbq,gbb, RTGS bol-r630; $ Eb6o3rg
06o8363qrrn3r6 6mqir ors0l6obl-r - 0obo Ogts3grnboor bn6gogq,qr3br g6,:qqro Arprbe3bob
t pf4,r
699.rS"Ao ,>dl50gqrr U:a.Xp.>bqxr L.IrOCACO"bJ, bs639bo U.>]o6o3bolr ts30olbg6.:tso g6.rqqn
rfu.fnAb$ofuAob.rol3ol-r rb69 qrCECbS Jrf)q,$ctr UsJrrf CtiSr'rEACbOo g6orlC6oxlbC6bd0.
5r6lt3gor6g0oor Xir gbCbJ 26bctU6o 3rqt$oo, Arar6c,0hC0b.
113
brS6oxn 6srnqrgEr.rbob 24 J6r.9366o, o1306.r r0 6rB3363bq,oor ob 8s0o6tsgb.r 6o6r'16g
b.r63gbotr tsoqt 6.>qrrbq6bb (37 J6o666o), .:t-r333 br6ror36oo 6sqrrbp3bb (38 J6rtg6go).
rqbs6oEbs3os, 6o0 g6bog6o Bsqlu$ocr, 6rbber66ogqrgb3q,o g6sqqo Arerbe3bo
brjr6cr6gq,t'rb 6gt6ogrn6m$og g6rqrloouq,ra UE6o036gq,rn 6oqtr or.:0,>tsrnbb.
qnr66rds N 5.3 6sq,rb(rrb r'rJC6,rOoC6o br6rq'rb(xl bdl6go3Aobi qt A.:,oxr A3bQ3q,XOob bfus
bre$q,C6C0ob aob3qBoo, (2012 S.)
い¨
q盪
おヽ
…
…
006%
晨い い 岬
"mGS
L…転
口86abOb｀
」も ぃぃ
■しヽツヽ
ヽい｀
"
ゃお
̀X"nu00b―
.
a.'e$ t)A'\,C[o q1).6(g,
^.6dref,
IAU'Jirr)$(?CrE
r Sb. grq?O(E r6rqt. L$JC[dr a$qtrry,oi
"●
a36o03Er:3b.3.{terx,rfiyr,e$.uSJJbdJtta'{tr6,8€,$Ar6(tbara,'r,orBu60tqg06oo5$JCa.tlJqrrJ6o0[tuaa6ob
UNr6oobBst , &raqdr &trC(Boo'JO 8r6JC6b &r6d,l$8r{x'rl l66.trr,t lJ0rr6CbJ 0rec6ooCq'e} lttu6JS.pC6O Ao6JA63o
i6A08Cqx)l,sJ('l6alrJ.6('r6oclr66r6oaJb(r'
$916o: Urjr6orgXq'ob Xl5o363q'o 0s63o
U6re(m ger66oo Ar(,rb(rlb oJg6s6q0ob ESUt+ryq,3boLrb RTGS trob6Caob
tg0rn>q6ots6gq,o 6<nq,oqrr6 6sEo6qro6,>63, qnqro 06o0363q,obr C6olCbr aob 9$63$
E3bC0o<r6o6Cbir. (2012 $q,oL 5s6Esgq'obrtso lrob630ob g$g3g$obotr ErBp6563q,o
Bgoq,6C6(,s 99.8 J6x'BC6Otr)
lts!6as0ot6oba bs0s6Jo s5As6oflob 6ofiCt6o - IBAN
2010 $q,ob Eroboqtb bjr6o6gqrnb 3er036gogq0r 0r6396Er qgrogggt., ot3os6oro
0o0b0,s6gbqr3bob s66r6o83bolr IBAN grn6Er6tso bre5ggs6r, or38gr Are5beob
oJ36sgo36ob 6r6ber66oXq,36s Egbrdq,3b3q,o oger 6o5r'166 rbrqo, irmC d3Cqlo
9o6616olr r66s6oB3boor.
2013 $q,ob 1 or636oq9r6 t rjJ6crACq,crb OC6ooer(6orbC br0s53er 6.rqr.>bqnlr eB36sgoSbo
bo6gogqqpbs Obgrq,r'rqg IBAN Esr6aroob $gr6ots36oor. rqlrs6oB6r3os, 6r'10 IBAN
r66s6otl3bob 6,>0o93656ob Bg0orbg0gs8o 06oB363q,er36rqr 66o6qrgbr .:66r6oBob 6r'166olr
tsggqnn0oor Ooooorgbolr rqrbroxnbr qrr 6.:qr,>bpol-r oJg6r6oob or.>6bol-r Eo0p3bob
s66r6otslr3 slsb3olr b$g6dq,o3rnbr.
cq,$le6a6Eq,o braratbea odbd6Eacq1cbo
bsjs6o6gq,rnEo 0erdb0s6g0gqo gbrqqxn Er(,rbeC6ol, 6s6bsbo66o3q,3bq,sqr bgq,
gg6er 039,>q9 ogS6gbL CqCCO6-6Uq b.>0grq,3bgbb fus5rqrrbqrre 6s6ror36lr, o6g9t66ggbr63o66b qrr bbg.:). 2012 ggqb, go6r gq,oL Sb6.rgbsqr Er.r0b6x636q,g6oL Eog6
bramSCbCUCq,o bs6rqtbqxn o6LS6g036g3boe56 Srag3r6 6rnq,b orr0r6erblr b.:6,:qr,:bqx'r
6.:6ro6bo (6lo153 0r.rqnb 6r6br.r66o3q,gbpq'o Srqr,rbqnb nJ36rgo3boU 6soqr36erbot-r 47.5
Jdx"g36go). 03qrr636oor 09o63 gg8Joo 6so%,r6qrs o6OC56C0ob O3ts3goboor
6sbbrn66o3q,3bgE o O6r69brC0o3bob 6srnp36r.rbr ps $q,oL XrAU6o Bgqgpboor 22
36tqg6go Egrq.o6o6r 0orq,or6 gbsqqxn ArerbeCb8o. rqbr6o[6,>3or, 611E ra
3q$66r'r6gq,o o6lr063ac60cboor 5rqrrbqr3bob $oq,ob'b6qr.: do6ootp:qr j.:qrq,qoor
li4
$s6qbg6oq,o lrt36Sqngrn ls6tqrsbqm qgs3sq,Cfubotr bs6ryS3 Ocrbqrr. or,:6bob6o3o
0rts3X6X\,gboo o6OC66CO-brEJool o6ogoo6gbgq,o qr3.rq,g6ot-r llggdgq,is3
6rbbgr66ogq3b3q,o 6sqrrbqrgbo gbsqpo 6rqrsbqnlr oJ36rgoXbb 8er6oU q,oqr36or (0olro
$oq,o ts3oq.oac6b 53 J6tlx6gb ob. qror66r0r N 5.4).
qror66r0r N 5.4 g6sqqx'r brA6bAg0olr 6r6s$oq,3bs Lr6,rqrrbqgq! q'r3sq,30ob o6o6o63bolr
brtsg.:qgbSbob 8ob3q6oor, 2012 $gq,o
6roq66ob6r6,>q-o
475%
! o6OJ6{tJO tu6JoEAo
roCq'Cg(,6dA(,boq'gt6o 6s63o66o
lr.r6.4u\r,r br6son
r bb3s Cq,fi,O6. U.rAfsq,C6r
r{Fq6<,(rE t!!J6Ceoo(,Lsu(t'bAoE50r(iaa5 rLseCOCOc)('r0r<'0bJ
$gr6o: br jr6or33q,mt-r X6r'1363q,o b.r63o
bsjr6o6gq,otso 0rnEb6s6gbq,gbob,n3ob qnl_r6.r66og6rqr lsbr63r,r 0o0lrrb36Xbob
Ooq3bs bgq,Eobr$3pcn0o 2000 $q,oqrb 6rber, 6rbro bJg6o.rq56o J6o66s8r .Jq,oC6Oobr53o' 3b6g633qrgr.lgc9r. Jr6sq,3q,g6.:qr b.r63gb0.: qrob6r66o36o ErndL,rb36gbolr
sbrq,o tr$grqgbgbob, 46drnq, o6gg669g-br63o56ob qD ggq,3grn6-bs63o66ob
tsg0gBr33br q.o,to$53b, 6rn0gq,o6 brtr6rr3 2001 $qroqgs$ 6rflrn86qrs. bgrq,rn $q,30ob
gr60.5qx'rb.:Bo o6ggt563g bs63o668s 6sSoqrerbt6o3 B.rrbs63qrs 3q,o36go-0r63olr L363ol.ro.
eeCobro,Botr brjr6o63qerBo eob$r63o36o Erndblb3636olr l-rrtsg.:qrgbgboo 6erbr66bq,3
,6
Jq,oCboCbolr 6roqr36(')br 750 sorsbtrg 03gor.
b s s,s a s broo 0l tls a o Ao
2012 $3qb bsjs6or33q,er8o .r6b3bgq,o 19 3r'rfl36go3go 6s63oqr.:6 t66sc.osbqxr
br6.rorgbb Uts3Cber 16 bs63o. lr6rqrrbper bt6rorgboo B3lu6gq,36gq,o rnJg64ogbob
erAUErACbr bq.og6op,: 6 brbr6sor3 bsJ6rn63bo55rn GC6O6oU b,:tsgrqpboor, l_toqr6.rg 4
Sqgbr6gerbb brjr6cn33q,r'rb g36ogo6or%9 (2013 $q,ob cgrbs$gobao33 ascn 6o6b3b
qr.:g0r6r 3oqg33 36oro rqr6oq,r.rb6o3o lrJ6r'r6gUo66m 9g566o).
2012 $q,oli berqrertror3ob lrsjs6o63qrgr0o bJA11tsACbUq,o l56rqrrbq,rn bt6sopbolr
6.:crq66obsd 4.9 0q,6-b 0osp$o.>. $q,ob br.rq,ril flrBg3$3bqocn 36or bgq, 0erl6bq,3t3
ErAr'rEBCbUqlor l. 1 lrs6rqrrbqrer b.r6.ron. 201 1 $q,ob q.ogg0b6otr or33Lorsb il5qrr63boor
ArarrtsgCbuqlo b,>6sor30ob 6.:np36r'rboU b6qrsE tsgrq6obr 24 J6r.rg36go. oloolCaob J6
0X63q,oq,.r crrr6r3r6e)rl6b br36gqrogo er breCbC$o bs6ror3bb Ecr6otr. Lrr363qroger
br6.rcn3bo ts3.lq6g6b Ltgq, 6r0rntgbgq,o 6,>6.:co3bolr 15olo J6r'rg36gt-r. o1306.r ar[Uq,o
$qrob ts3l-tsbsEotr J36ornqrorr6 Bgqrr63boor br363qngrn 6.s6.ror3bol-r 6,:rnq66r.rbs Arotr6eJ
E q"t6$6q36o Ac'Arrb3f,.Jbdr lr.fgsqXfuaoor aerLrO6g\2 g6q,>q3t6o
3q,.rC6OCboU 6,o6ho
ggfm aOC{4CA, O.:qBrElg 3fron q'r o6qg Jc6o ACbrfo)C0Cqnr t.$6r6g0qx,raeCb OrAq'Cffig
6.:63rit qnlr$r63.rJ6o &'rabrb3f,C0ocrr.
115
218 sotlroor, 6sG Jdx.tC6ggq,rq.o 03rq6g$b 37 &6r'6g6gb. 2007-2012 Sq&B"
6s0m63gbgq,o br6ror3bolr qn6r8o3r 6rts3g63bos qror66s0r N 5.5-s3.
qror66rds N 5.5 5r8ots3gbgqn ttr6rqrrbqrr 6s6ror3bob 6rtnpX6r'rb r,2007 - 2012
c
5,(m
A
X I,m
3,m
2,m
1,0m
0
2fi7
2fi}8
2W
mlo
201
I
m12
<>t!l3tr,cqrr!5(,$s6Jsr, +lrJQ,rafiJr,bv6Jdx, -(FI.,!q,
$gs6<'r: bsj^r6or33q'oLr X6tT 363q'o 0s63o
2012 fE olr Ar6ArgE <,$r8o VISA 0s6.ronbdr frryn bgq, ArAoQ3COCE, brt6co463o
AgA6o6qrr 8 J6<6g5goor er Sqob berq'olrr6oU 6pq.o6o6r 76 J6e636$o, boq'et
MasterCard 0r6sorSbolr qrr q,er3sq66o br6.>orgboU $"q,&. 6mt.>t6qr,> 4 J6r'roC6$ool (t
3 J6ogS6gocn EStrsbr0obrqr. AmericanExPress-ob 0r6ro4bolr $oq,o qrr6Bs U63q,Cqlo (3
J6o696$o). 2012 $q'ob .r63ob6ob o;socgrb rCocrJ6ra Qro$gt'r Mastercard-ob b636qntt
UBrnbOrCOr'r bs6ror36ob ArAeltsgCbr. strmC BUbCGoer6ot6S6b $o6sL$r6o brQ'rb(ntr
6.>6ror3bo6.
qro.:66r0r N 5.6 6r0r'rts330gqo bs6sorSbo bsbr6ror3 bolr6363bob 6obXq3oor
I VISA
rMC
I AmEx
t qxrJr(-J6o
$gr6o: bsj16o139q'oU 316o363q'o b163o
2012 $q,ob ar6a5aq,m0rao brj,:6o6gq,o8o aoj0Saprr 3erE366ogq,o 6r633bob 8o36
6r8o8gbgq,o tr.r6lqr.:bqgr br6rcn3boor 6o6tn6g jpgEob to66oor, rb363 Eol-t Br6aq,cbtt
AJ6Co, b3q', 6r6bm6GoCq',er 58 EqE oJg6rgor 7.7 0q,6rq.o q,r6olr 0rnggqoboor, rCCQ56
Oberq,erqr 3 J6qp6go 6serqr36r'rb6o3re er 6 J6r{}g6go or.r6brn66o3sqt E3U6rgq,q.o.:
brbq6s66r6gor. 2011 $3q,or6 tsgqrr6Xbocn, 2012 $gq,b b;bs6.ror3 6J36r3o36ob
6rrnpS6obr 5ro9er6q-ot 14 J6r'r6g6goor, brnq',o orr6br 9 J6rq166oor.
l16
(11106105 N 5.7 brjr6orgqofl6 650oB33bgqo bs6,:or30oor 6.:6brn66o3q,30gqro
gdt6brjgoSbo $q,g6ob 0obgq6oor (2007-2012)
い
ぃ 60
aq,6 cBe6ro.'r
10
2007
2008
2009
2010
‐‐ o55bs o崎 Ob365 Q´ do)
‑65n006品
2011
o(aぅ 幅
2012
355。 が
,8'FD。 :boJδ 6∽ 30Ψ Ob
"o)
060350響 o b5530
2012 $3qb jr6cngq,o lt6rqrsbqro br6rcn3boo bsbbo60oCq,Cbgq,o tnJ36r6og6ol-r
6rmqg6t.lbob Obrnq,erqr U J6c6X6go, br'1q,o otbbob 14 J6r'r636eo flerqrol1
Lr3r$6ry'0erElsb36Xbob rnboalgSbtso E3li6gq,gbgq, 6.rqprbe3b9b5. 201I Sgqlorrb
S3qrs6Xboor 2012 $gqrb br6rqrrbqrn 5.:6rorgboor trs3s$6r'y'6r.rEbrbg6gbolr o6o3jg366o
breJb(,ob $oq,o lrgqr bst6rorgboor Arbbel66oCq,C6gq, 66sbqb,)j6ogb8o 6sogcr6qrr 9
J6e636ggq,o Jgbjgoor 6rerq66r'rb6qrq, er 3 J6ogC6ggqro Jg6jgoor crrJ6boa6o3rq).
rbC3C, rpbrboB6rgos 6r'ra 2012 $3q,b $obr $gq,orr6 03qrr6gboor bs3r$6r'y'Eo0b,:bg636ob
rnboal$3bBo lrs6rqr.:bqrr bs6tcr6boor 6sbbcr6goSqrSbgqro 6rqrrbqrol_r crJ36rgo3bo
6robs6qrs 56 J6og56goo 6soq66rn66o3re Cgr ,14 J6rn636goor orr6bm66o3sqr, 16o6r
6sqqo orr6boU Ar$r6ob reJ366oXbo 6so$r6qrr g06o8363prnq (0.01 J6o6g6gocn
6soqr36erb6o3rqr qr.: 4.97 J6og166ocn ors6bnbr6o3sqr).
UJr6rtr36Cq,o $q,3bob 5r6dr3qxrbstso Is3r$6r'rlErn6Lrbg6gbob o6o3jg9btso r6li3bgq,o
JoU-6360o6sq,3bob jbgq,o gg6rn b$6rg.:qr o%6qpgbr br$Jnar6C$obr er br$Jotr
goq,org3b6o Arbq,r6Cbgq,o JrnL-6g6Eo6tq,gbor.:5 tsgq.r53bocn. qros66,sEr N 5.8-9:3
6.:B3g6gbo.: br6,:erben br6rcDCbol,r 0rn0l-r.>bgrfu obogjggbob b6s6ob6o3.> 2008-2012 ffi-tso.
qnr66rAr N 5.8 br6rerb(m br6ro4bolr Oo8qgbo rn6ogjg3bob qo6rEoJr (2008 - 2012)
2009
2010
2011
2012
+lCρる
. or6J(9a\)o r POs lr$r3rrx, (,aodoBo PoS 6.>63o[ grqrrugBo
$9,:t6cr: b.:j,;6o133q,crb 36o36gqro 0.:63o
117
2012 $xq'b Ooq3bgq,o b.>jr6o6gE rrb 316ro6oor -bs6sq9s\x''r lnbggEolrs qrr lrs5rqrrbqrgr
0rn0ltbg6gbob tsgltbgb" 6r6obleqg6r br6sqgrb(m o6b66g0g66ocn (0.ror Eo6otr
lrr6rqtbqro br6scnoor) lrsjr6o6gqo0o 6r6bo6go3q,6bgq,o r6rs36tn6o$gbpq,o
eB36r6oob ts30orb333rtso o6bO6,UAC6OoU Ogq,mbggoLt qD 6r6offi33bob
J.rlrgbolr063\rrbg6o. br6rqrr\ro b.:6sorp6otr Eob8r6gbrtrorr6 qrs3r3tso6363q,o t6otr33bob
8306o636ob Eob6oo 36re36gq,o br63ob Eo36 3eldC66ogql b.r633borrb gt6ortqr flrnflbrpqr.r
6grn036qr6o36o lrs6sqrrbqrn bs6rorgbolr Egq,rnbgqur,ror3olr, 6rn03q,o6 6r6orgber
6crdb0r636gq,cns ggq,gbXbob qrr63ob bso6'bg.
btTtq; bqt bob4lO?Sob 6CAEq,ot6C0;
2012 $q,ob I o3q,otnqrr6 dsq,rtso ts33oqrs lrsjs6o6gq,rrb 316o6o .bs5rqrrbqro
bolrggOobr qrr bs6rqrsbqrr.r Ern0bsbg63bob tsgbsb36'. r0 316o6oo Egoj0fu g6ons6o
br3r6rn60qg3\,rn b,:irs brjr6orggqob g36ogo6oslca lt6rqr,>bqrr 0r'rEbrbg6SboL
6r6br'l66oCq,Cbol-t qrr lru6lqrrbqrn bobg3Egbob gg6j6oo6o6gboltor3otr. 3r6o6ocn
6r6olrs'bp36s l-tgrqr.r\m 0o6bsbg636ob l-rrbggbo, tr.:6rqrrbpc.r bobggE3bob, lrs6rqtsbqx'r
6m0lrsbg636ol-r 636gqrot636otrs qg.r 9rgqr.rdb3q3gq,er6o[ J6o66oJ3bo, gobsblrg6o 6o6xnL
5rEogS63blbcns6 qrr3r3tso6gbgq,o lr.>3oorb3bo qt bb3s.
0oqgbgq,o 3r6r.r6ol-t 36o-g6on 0Eots36gq,o3rb borbq,3b 6rqrsbpob, 3q,o6o66obr qr.l
s66r6o?U$re63bob lr$erq,rnrnbr $r66oqr'66b. br&nq,rnobob J6o66o3ol-t ts3r6rn60qrgbq,o
Ub6-JfuCq,SoAr r66o63bb l-robgg336 6ob3g0l, er bCq,U g$gnbb br6.:qrsbqgtn tJotJOOaJAoL
bgsboqg6 gg6j6oo6otr6brb, 6rbls3got6gboor X3er6o6o3g6o 36oltotroor bsaet$gCgq,o
9o6161136o Eo3Sbolr q,>dq,6ob qr6rntr. 6r6qrr r0obr, go6s6bg6o 6o6ro11 666boL
BX0r"rqgbocn br6rqrrbqro bob6C0ob 0o6r$oq,ggbolsor3olr oj063br erAr$CbocDo
obbg63a36gg0o b.:363qngm q.o.: q,o33oqq36obob 6ob3g6olr Es6or3olsor3ob2012 $3q,b Ollcrgq,oo 6163o11 0br6qrr]36oor 0o0qrobr6grnbqr.r OgE.robs J6ergl$ob .brj.:6o63q,ot-r br6sqrrbqm bobg3O3bol-r 0r6g6gq'o6gb3q,o b.>tcol-r 0oqr366obrgor"
(Modernizing Payment Systems Regu-latory Framework) gr66q,gbBo. J6r'r3jgo bb3.:
l.r.r3oobg0orr6 36orsp Or.rogr3b bs6r6orq,g66o3o er Ar6C6Uq,o6363q,o b.l'bol,r 03jE6sL
o6o3.:6q36ofusgsq,r'r lr,:6rqrrbqxn obl$6ry436$3bobr qt qntr$r6go36o b.:63o66obor3ob.
2012 $3qb 09Eg0r3pr b.:6rqrrbqro trotr6C0ob mJC6rOm6CbobJ er br6rerbeo
l-rg63obob 36er3roqr353bob 636ob66s6oolr $3lrgbo, 6oll lt,:ggd33q%96 qrro$gn
sq6ots63q,o Jo63boL 6g6olr66s6or.
2012 $q,ol-r 6r66r3qx'rbr0o c6.Bbuq, b,:63tso qrs636ob66o6p.r 7 tr.:6sqrrbqrn
0r'rEbrbg69bolr J6er3roqr36o.
118
6 lso0go6a6oo$d6oq,%oC0ol, SD6SC,ory6C0o
lss66,:6o8o J36ooqrtso bo66oSq,qr3brnqrt brOgtssrngbo Urobgo60rgoer
ggj6oqo6o3bob lr6gq,gogoL Eo0s6or3q>gboor.
2012 $q,ob 15-17 6og0b36lr j. o$oq:obBo 6rEs6orgqr 3obg6glsg6olbergbolt qrr
IT o6o3.:6ogbolr 6o6oor E3-5 636oo6gq, 3r'16936966o1113 (GITI 2012), b.:jrt6cn33q,rnb
g6o36gqEr bs638r brO 6r'r0o6r6ortso 6so0r6a3s - .g3CqlrqbC $.:60rggbgq,o
o6ts6)rb06)uCOg6gq,o 6rqrs$6cor',
rr 0xbg1036go" qrr "$q,ob bruJcor3lro
"tr5u3cocbrn
IT'. rq5o06gq,o 3rn6gg6g66os g3j6oq:rn6og{6o 3goboor 6g6oel68o g6cn-g6or gg0q,r'bC
05o8363q,o3r6 qer6obdoSbsb $s66r.r.>q.o66b, 6oEq,ob 0o113,:6o org0r
o6gr.r66sgogq,o
3obX6glr,:g6orbro3brtrcn.>6 qrr3r3tso6gbgqro lrs3oorb3bo er
ggjboqxn6ogbob 6s63ocns63bob 0oEr6orgq,gbg0o.r.
2012 Sq,ob q-oCJ0db36tlo .r&njE3qrqgr 36o36gq,o brbgob 36org6on 06ots36gq,m3r6o -
6rpqrr ggq,ob 016o6olr bolrggOr. trol-rg38olr q,:6g66oL Egaqg6 g6og6gq,o 6163ol-r rbrq,
lr.r3rlro 69666tso 35r'r363q, 0163o11 Erqqro B3qlob E.:6or3olr J6o6g$ Arber b6Uq,re
rAOr'rArOo9co6CAUqlo.
6.:qqn ggq,ob 016o3olr bobOCAJ b6gq,sqr rr6olr o6gg66or63bgq,o do6ocnlqr brbr63r'r
boLOCArboJS, 616 odqp3.: lltsSsq,Xbrlr qr6ooll 63sq,g6 63go88o do6oor.rqr t_rsbs63rn
lrolr630rtso sob.rbsrb Esqqro ggq,ob 0.r6or3ob J6tr6Slos$ qrr3r3tso6gbgq,o B3brb.:flobo
bgqrg$t6gq,o Br6r$g63bo.
gg6jgorn6.rq,ob 6t30arnbgbXbot-r 0ob6ocn 6r8q.o36o63 63qoq,gbr EX3oqrr qr6r'rot
63rq56 6Xgo00o s66s6otsb$er6gbol-r bot-r6X6s6o, 6o03q,og $r6doq9p6b j3ggs6r6o
bs63cor6r.r6olr gbrqqrrn r66;6o8tl$e6gbob bobggErtr, BrtJor6o jrq,>q,qg3boU 016o13olr
boL6g0rBo, 6rn0gqog $r66r'r.rq.op6lr Lrb3q,O$ogo qgr 36o36gq,o br63olr grlrosEo
jsqrqrp36ob q.ogJo$ogr6L, dor6oorsqr lrsb,:63rn Lob$Carbr qrs .:qrrEor6gr6o 631_lg6t_rgbob
0r6or3ob bob630rtso. b30rnsq6ots63q, 63qoqpb3bo 6r6bo6gogqrqrs 36o36gq, b.:63tso
.:6b3bgq,o 63q,oqXbg6ol-r Er6or3olr Jrnqrogo3ob 6ror3rq,olr$o63boor.
rq$36oq,o l-rol-rgg096oll qrr6g663oor 06oB36gqrn36rqr 0g0go6qrr br63olr lrsrnJ36.:6orn
6olr33bo, 6ro%rt5qrr Lob6CaCbotr gll:g6otbo3b.>, b6rboq,fl6r'lbr qrr Eqrg6.rqrerb.r. .rl_r333
gmbs6qt obgot68sgoob lrsoOgqrerrnbs, grnbgoq366o.>qre$t, 0orq,or6ob,: er
b3qrEobr$3qroOr'rbr.
g6o36gq,o br63ob t-rg6p6gq,o 6g6g6ob l-rso65o66m oEB6rbO6UCOUSob
6.:g6agrb3lr36.:tr,: pr br63b363rn lig6336gqo g36g6ob 0r.rggr.r0.>9q rUeoOcr6Uq,o
E30r'r$03boU r6rg6cno 633r.r0g6qr.r6o.:,: 6r$Cgqto, 6oE3q,orr orr6sb8sqr rbCAC
Eo%s6Bg$rn6oqo,: ls63i163r'r $666a3q,o 63696o Erng$gob do6oorrqo [9r6p(rgq,o
r.rcn,rbolt6r6 0rn6er6gbgqr rq)Aoq,rL. sq6o06gq,oqr.r6 5sEo0qro6r63, 36rn36gq,o b$3otl
Eo36 $r6Ern3bgqn 33q5gg6oL, Br6rr63bgq,o 0erbr0ie,:qgCb3q,o brdgflrogbolr, Ub3r
fuggfubotr 6666rq,96 bs63gbolr 6r0o6qroqgbob Bgb$r3q,ols qor ArCboarq136o
gL.:g6orbrngboL 6o68g6ob 6rcn3rqnb$o6gboor, Brdr.rg,rqrobqr E36qg36o UOGrOC6or:
36o10 s63onbsgrE 0<n6o636oo ro6r"rlr do6oorrqro ei br(6CqbC63ob Ug6g6gq,o 0C6O6Cbo,
6r'r0q',3bo6 UESgr Om3ggol-r .lr3t1336gq,o 636g63bob g3q,13rn0g6o3s6ogbolr
o6g6.rb66ryj6g6olr bsg6or;Eo6rotrr'r b6r6er6gob TIA-942" 6rn60g6olr Egbrbs0obrqr,
6o8gq,o6 Sl68erlq9636tr bro6go60.r6oco gSjbrnqx'r6o36otr bg36rn8o ofu6rtro6rUC$Ud,otr
8o$gerbob UBCq',rlbC Arq)q,r tJor6er66b.
bb363bgq,o tJO6r0Cgootr tsgbrbr8ottqr, 2012 $3q,lr lgrlr6Uq,rq,r j. orboq,olrtso
36or0r63onbr6sb qr8c,r63bgq,o o6o L36336gq,o gg6g6ol-r .r6bs. sL63 369353q,ds
bs63E: ts3jE6,> br6gtl963rr 6696o, L.rq.r6 5.>6orr3b36gq,or 09o63 %o8ob br6g9ca63o
Lt3t6g36gq,o 936g6o er arcrl3q,oE',or b.r63ob ggcqJt0 35ogo33qo b363ob3botr
ll9
O30rcrbob 39e6ry63gq,brgogrp. lt0o33 UgFBC6Jqa1 06606tso 6.:8opfubgq,os gSCgrqbC
orr6r09q6r'r3g ggfl6oqo6o3bo qrr r30,>gr.rgoq,3btr brX6or,>tsr.r6olrr bg,:6qr6g3blrs qrs
brgggor3br.r 6s0ogqroq,gbrb. bgSSC6Uq,o g6$63b8s 6.lor6gb 3b.rg6orbo36ob
tJotJOCACboL 66r.l3gq,o rbq3orgoob @uropean Securiry Systems Association) b366363q,o
66g6Xbob b36gogogo6gb.r ECB-S, 6oEXq,o6 rq.orbou6C0b 0ror 0rqrq, lso0gqtoob.rb.
rq6ots6gq,o Ug66ogo3r6ob E3lrsbs0obo b0rber60Caob ('rogra L36336t3q,
gX6g630Bo 06ots36ggo36rc9 Eg.:06o6r gobo3g6o oEB6rbO6AdOU6ob,>6bgbgq,
6otr33bo ('r Arbr6q)r o6g<n66r6oolr bsoOgqrnr.rbott br6olrbo. bb3rq.o,>Ub3s UC6AC63q
636$6908o Ar6orSt CbUq' 0er6.l630ot bsblbSbb Eo6ob B.:o6ox'r o63n60r6oolr
bo6j6crbgq,o 63Jq,o3.>gos, 6,:6 brB3rq6bslr odq13.: ot5 b366369q, gg6Q68o qr6motr
6grq66 6ggo0ilo b&lobq6b 96o6so6o o6ger66rgor.
Aqob $9bdro6Bo erqp6r 6163ol-r bob63lr g$6ggrn6ob 6360olr ts50gBr66r
ltg6ot8er6obo BS 25999 bg.:6qg,:66ob ts3bsbs0oUlp, 6x18q,ob Ar6brn6coq'Cbr6
36bo3q,o gjbJ36ggbob er abertsq'oer b.>63ob qrrb0r63boor qrroSgo 6.:b3q' $3q'b'
B36gtss3qr,: 6ob3g6ol-r Egg,>b3bob qrr bolr6glr'bg b36.r3q,36ob 16616cr8cl, 6er03q%9
qr,>ggd6gboorr6 ra5rArq' 6gtss3qgbr rqqr616oU b6t6r6g6or qqr Oo0r3sgtso 36qr.>
Og0gtsr3qr3b bs63otr bolc63lr g$gg0ornbob 660s.
rdr33 qr6ob qrl6g6doq,o; o6go6argogq,o 3br36cnbrn36ob 3Sorboor 06ots363q'o3r6o
bs8g8ro36ob 6rbbo6go5q,3bs, 336drnqr, 0oq36gq,os br(.o5$$C6oq,3bs b3b-6o
qrso6366ob ISO27001 lr$rber6$ob tsgbrbrEolro o6grn60l6ogqro Slrsg6orbrn3bolr
0.>6o6ob bobOCAr, 6110 J"q9CA 996o 6.tg61obgb3bb qrr go60uq,ob9bgq,b Arbq,oL
br636o 0rn6s6g6orr qgr63oL J6rn63b3bb.
3er0g6gopq,o br63g6ob goq,orq,gObr er UC6gob 636g6gbBo 0r'r0b0r69b3q,orror3olr
b.:bs63r.r 0o0b.:bg636ob ggAlgor6<nbob rArq,q,C0ob CPr CrQrq,(r,b qnn3g056$36olt
0o6o0otr6oolr 0o116oo 6Jrgq,o $q,ob brnq,rnb pm$go ls6rq,o b$r63o 0erdlrsb3630.rtso
Cq,CdO6obuq,o per3g0366obr q.os gq,3jg6er63q,o b3q,0o$36ob (sign pad-ob) q,56C6a3ob
J6oglgo, r6o8q,ob 6obl6og l6olr gbrg6orbrn3bolr 3cn6ggggoolr do6oor.:qro J6ogoJ30olt
816r.rgrq,obgbr qrs Bglrsbrflolro UrEr6oq,3b6o3o 6,:630rrb ts3j06ob gle6gbpq,gngs.
2012 $3q,U 6r6brn6go3q,qt rbrq,o cor6r03q6er3X b6r6qr6$3boU E3brbrEolro
0.>qrq,6qr66rqro br6gqpgre6r'r botroCaob o8\,30966r6os, 6r'r83qrog q9,)ggd6C0gq,os
orr6rE3qr6o3X IP gal6oqo6or9e3, 619 6.:3oq'3boor aCO 336j6oobrq66
ts9bsdq,g\,obgbb odq,33.:.
Itjr6cn3gq,crlr g6rn36gq'o 6s63ob 0o36 0r36erg3rn6gr8o336o qtr b$r$ob$o336o
0er6s6g030ob 0r.r&n3gbol-r, (,r0gtssgCbobr c.or 6r36gCq,Cbotr bsE30.rerorr l:6gq,gogob
0ob6oor, 6rer$ger 6.>5bo66o3qcg3b r0 36t43b36olr r3g<n8r6otrrSoob J6rn3j$o gobrbb36o, 0r36erg3o6o0o3g6o q'r bgs6ob6o3g6o 0r'r6s6503bot-r EerJo336oL,
cgrA3ArgCbot r qg.r 6,r366Xq,g6ob bolrOCAoL Og6b6r6o) 0903tsr3X0r q.or qp6g663r.
l-rrs66r6o0o Jg6ornqr8o ero$Srn sq6o863q, lr.>3oorbt3 O3Brobl, ACoCAET bot OCaob
0rnorbc.r36gbolr po3g0X6go qgr 0o0qrobr63r'rblr LotroCaob ACCaEr.
2012 $gq,b rnj6ob brb6ob 6r63oor.:66bot-r J6crAlgoU gr66q,3bBo 6309tss3q9r
ts3lrsbs8olro J6o5r1$gq,o gbt6gbgq,gergr, 6o03q,o6 Sr6Ar6Cbocr, oj6s 6rts33b3q'o
3jbJg3rgs6ostso.
120
Z Boet tgJeo$cr grr 0pfeoq,6fuq,o rq<6o6fur
brjr6cr6gqrob g6er363qro bs53ol-r tloqrs rueo6ob, 6o6er66 qrrflerg3oqrgbSq,o
gg6j6ooU, bsj6or6crbr Ls,r66s6otsr.r J36ooqrtso 0ero6s3qr.: 6o5er6g 0sdr$Eg63b3q', rU6g
Lr3o6t-rgqg,rgoo Ern0lrsbg6gb$r. g6te36gq,o 6l63ob bsj0o.:6r'rbob do6ocnsqro bg36r'r3bob
oJ3t6sgogqr gt63Er"rtso rbsq,o lr,:o6ger60sgoo boboCaCbotl qrr6g663olr
6sor3sq,ob$o636ocn, tsoqrr.>pqnge6gqrflt br0b,lbg66r 6.:6s.:bq,.> trsjflor$obolr
6t6dgq6rqror6o qr69503olr 03omqroq,rn6os, E3oOgE.:3r 0,>6$0g63b6q'o (rr
bqrn6b3q,Or6oo Eer0lrsbg6Xbror.r $q,og6o 63583bo, 6r.rEgqurs ts3b,rb.r0ot-rrqrs6
br0lr,:bg6Es $,:60s6orr bl j0orEobr U,>,:6616otso Sq,ob 6sEdoq,b3.
sgqrogotr JoaoOCOor6 63ors5bS3bgqro qr.r g6rn36gq,o bl63ob ls6]rnb 0o36
qrrEfllo63bgqn 2012 $q,ob tsoqt.rgqo6o6gq,o ts30o$Egbg0olr.> qr Eoflrnboq3gbob
6g60ol-t Bgbsbr0olrsqr, btr66r6otsr'r J36ooqrEo 6r6bo66ogq,qr 27 o4016g6o tsg6m$036r qgt
0o0r'rboq,3t. rq6o06gq,o qo6olrdogbsboL g.:65q,gbtso Oo0gcsqrqrr B3bs6,:Eolro
sgqogrn6rgq,o ts3gslrg63bo Orq,JCUq,o boir63b-Jrter6gbSbob 6ob3qr3oor r6ob336ob
Er6or3ob, Boqrr 3o566oq,ob 0gjs6o%03bol-r sqpCJ3sgg6obols qr 0r636q,.:Eg6go63b3q,o
6o60r$ogqro brbolr Eoorbcn36gborsb Bgbrbs8olrcrbolr orrobrbg. lis3r.r6lr3qr$r6oo
0sbqrr6oli g.l66q,gbtso, bob63b-J6r'r63lrg6otr erJgo0oger6oob0oil6oor, tr.:r65.:6otsr,r
Jg6ooqnb E,r6dog%5, r'rJ36rgo3q,o 036360366ob Eog6 $r60r.rqr636oq,o J6r,r3j63botr
Eobgqr3oor, bt$CUq, oCEr tsCbrbrEolro 3o6bgqr$r6oC6o.
tsoqrugqrogr"r6gq,o l-nOUrbg6o r6r6d3qrgbqrt 0r6$0g6Xbgqro 6r,r8btbg63bol_r
J6o63lrtso ArSCUqo 6g3od35qrs6o3bol-r o0Jq,g036gr6oob J6og3bbg 6o6o6o6o66b.: qrr
g(,3Cq,$r6otq)36 r66r6ots6gbsb. rb33g, brn66o3qrq66oe,r Ar6C sSqrogo6gq,o
3o0J.t6oob Eog6 36r.r36gq,o br63olr.ro3ob br$C3q>o 613oE36qr.rgo36obr e'r
br36or,:Eo6olro tls3sqggo grn6qgob .glsg6orbogboU a3jr6ot0gbolr' Egg,lb3bob boqxr
.:66t6otsoo 6sor3rq,olr$o63bpq,o 6S3o8g6qrr6ogbolr tsgb6gq,g6ob 0qr6rn0r63r.rbob
0o6o$r'16o66o.
Usj0or6r'rbol-t br6obbob 3b6g63gq,gcngoUr qgr gsg6lr,r63bgbotr J6r,r6r6.:0ob
tsgt-t.:bs6oUsqr, bss66.r6otso J3t6ornqtso, tsoqr.>.:gqngn6gq'E.r brElr.:bgr6E:
6.:6rbo66ogq,.:
brjEor6rnbolr br6oUbob gogq,$qrog6o Eoqr.r J36o6p3q,o E3grtr3b.r, l_rsd[lbg6ol_r
lrsj0os6oboU Eoer JUq,oOob Jt6r.rg3lrogq,o Jr5sjgo3ob br36or[96otrr.r bOrECgJ6OCAotrs
(rs Co,oJoL 3rnq3jliotr 0r'rorbrn363bor,:6 tsglrsbsEolrobob q.o.lg,aC6otJ 0og:6oor. Boqr,>
J36ooqgq,o tsXgrUgbob g.:66q3b8o, 0rAmOq,C6oEo 5rgE2gobgb3boL JogS6gorq,o
soUsbr brorsE.rqrrn r66cn836qsgo366o, 6cn0gq,o6 3Ebsb363br 0s6$0g6gbgq,o
0o0lr,:b36gbotr qTACAAAoL, )Ueo$r.r63q,o tsg6B6ob g3j6o3obr er rbAr6oBArbotr
J6rn6gbob ts38qr6r.r0 b6gq,gogrL, J6r'rg3bogq,o tJOJber6OCbob er br3JColCtrr'r
J6,:jgo3olr dcrcnbo363bob 6sor3sqnb$o63boor.
lsj0or6e$ob 0g6q5rn0o gr.r60.rqnb,r6oobr er ACooeoq,r.r6o36o gb6g63gqrgmgob
6ob6oor, Boq.or,5geogsr6r3q:0r b;0Lsbg60,: B3oflgtsr3.r ,,Eoqr:rSqrogcr6uq,o brabrb36ob
8o36 6r$3gq,o AC6AoC6o 0.>6$E363bXqro 8or0b.:b3636ob ts3q.og6gbob,>6616o8530ol_r
Joq,ogo3obs eJ J6mOCeU63bob" qrt,,tsg6B33ocno .:gqroger6gqro ts30o$0gbob
0gcnoqroqro6og6o Lrb3q,Edq3u63q,olr" J6r'rgig36o. JJ6C, 0oqrsgqrogrn6ggE,l
tt0brbg60s jr6oryq, C6rbC olr6Aabr Aoq)J .>3qrogr'r6orr o6trgogSgob 8o36
ArA<rOCAUq,ro ,,tsoqrr rUeoootr 36rng3lro3q',o J6sj6o3ob l-rs36ors6rn6ol:rn
Lri5.r6p;66gboL" arbrbECauq,o 3g6bo.r, 6er03q,o6 dsq,.:tso ts03oqrr 2013 $qrob
or636oer6.
bu66r6o6o Jg6ornqtso 66d3qrq.o3bcnqrr 0gtsrrnb.r bgq,:q,g6gq,o rq6ogb3oti
mJ36rgo3bol,t .:39m0,:go'bsgoob ts36qr6rn0o 6s63oorr53bob.r er b6pq,gmgotr
つ４
0o8s6oryq,3boor. 336derqr, $s60s6Xbocn qr$Eryq,qrr,6rqqn ggqolr 0r6or3ob
Oerqrgqob' Jt6o66r8gq,o gb6a36mq,grr3otr qrr6X663olr l-rs0gBrrngbolr Jo6BCq,,o
COrJo,
6el0q,olr l-rr8g.rqrSboorg 0Xttdqgbgqo Arber $,r60rngb3qro oJ36s6o3bol_r
b3qrq,g6gq,o rq6o6b3olr b63q",s36r'r8.r6o9e.:6or.
つ４
つ４
8 l$3rLeFl$g0obffilr!03ErerC0ol, eld,tp6otigcr,)
ggq,ob 5ots63boor x3r'r6oEo3olr 6oolbrn36olt tsgggg6bX0Xq,o qrs3Esgogoqsbob
gqb6g6gq,brgogrqr, lrs.:66s6otso Jg6ooqrtso brn66ogq,q66oqr.> t-rr8gtsro36o, 6roE3q,o6
Eo9c6rqr obrb,>3qrr B3q,ob 6ots6gbob qr:0t.>qr3bol-r, Bg0o6r6oL, tsg6rb3oL qrr 38oborborrb
qrs3s3tso63bgqo bsj0o.r6m6ob 636gq,o6gbsb, 0o0rej6g3.rBo r6b3bgq,o 6r636ey53bolrs qrr
0rn63g3bob br6olrbolr rEsqq,gbJr, ls30olroo q,r6ob br636rng36ob/Ernfuggbobr qtr
0o&nj63goqrrb .:EoqSbgq,o ggq,ob 6ots6g0ob qrrq6g6oq,o $3lro<n qgra3flr3Cbtlr,
gjltJg6go'bol-t lsj0os6rnboL 5rg6leBglr3brtr, Eo0r.rj633obor3olr g3166olro q,r6oL
b.:636r.rg3bob 0r6reb36Cbrbr qrr 6c'r6Etgogq,o brtob qrsb33$rL.
2012 $q,oL 3l qggg0b6ol-r 6qr6rnEs6grebocn, 6o0eri633s8o r6lrgbgqo 6.:qqro ggq,ob
r.rqrg6obl0 1.92 6q,6q q,r6o ACrebo6r.0ror Egr6ob br636rng360r - 1.86 0q,6qg q,.i6o,
boq,r'r Eo63g300r - 55 0q,6 q,s6o (qros66rEs N 8.1).
qros66r0r N 8.1 Oo0rnjgg3stso .t6bgbgq,o Erqqro ggq,o (qr93063 6o,2072)
V
■ lqⅢ
■ 2 cPoる o
■ 5u節 。
■ 10で 飾
口 20cメうo
● 500J5o
● 100で5
■ 200で o6o
日005"● o
$gr6o: b.rjr6or33q'ob X6er363q'o 0.163o
lsr66,:6rfrer J3<6oerp0o, 0o0r'rj63rtso 6rqqn ggqob 0oggqrobs $qnb qtbs$gotror:6
A3q,r6C&,or 16a.5 0qr5 q,r6oor, 169 9.4 J6rn6g66oo ErobJ6(rr (qror66s0r N 8.2).
123
qnrA6rAr N 8.2 6.rqqn ggqn Eo0ojGCBr6o (2011-2012 $q,3bo)
ＣＣ Ａ υ 一レ お
2,5∞
2,tX10
7,566 4529 1,g3 1,s3s 1,523 1'ry
1′
1′
686
500
1,444 1′
467・ '537 1・
395 1.436 1,I:: 1′
l′
855 1,808
581 1,596 1,503 1,s55
‐¨¨‐2011
1,OtXl
‑2012
500
ざ
ざ
が
ご
∫
ご
べ
0
$5st1er: lt j.:6or33q't'rb 36er363q'o bs63o
2012 $q,cfu Ar5ar3qxDbrth 6o6e{6gstso br63en63bob 6soqg6eBr 158.6 6qb qrr6oo;
6sobr6qt qrr 0oderj633rtso s6bg&3q,o B3qlol, 8orqror5 0q33q,9bs0o flolrEr b33qr6oot0s
$oq,Or 97.1 J6ogg6go Egrqr6o6,:. sq6o86gq, J36ornqrtso 0o0oi6g3.:8o Olgrq,o 6er8o6rq,otl
(10, 20,50, 100 qrs 200 q,r6oU 6<'l!o65qlott) 6.:636e4)gbotr 6roqrX6obr 9.2 3t6r'636$oor
5ro1rr6qrr, sbg3X 6mbr6qgr 0odrnj633ctso 5 q,rt6ob So0obrq,ob b,:636rngg6ob 6roq66rnbs
13 J6r.636Soor, berq,er 1 qrr 2 q's6olr 6o0o6,>q,olr 0s636rng36ob 6loqr36obr 0o0r'rig6rtso
$q,ob gr68r3q,obstso 2.7 J6moC6Oocn 8g06o6qrs. 616 tsmbgb,r 0o0oi633rBo I qrr 2
q,s6ob 6erEo6.rq,ob Oo6gggbotr grqrX6rnbJr, bs66s6otso Jg6ornqtlo o5o 13.7 Jt6e6g6$oor
6rolo.r6qrr qr.r $q,ob brnq,rnb 33.6 0q'6 q,56o ECr(Eobr.
$p rqll6oB6r3or, aoAmCOCArAo 2011 $3q,ors6 ts3q9r6gboo g6rn363q,o 3rq,l36ob
b36qps gSq,otr -.orgo6olr" 10.2 J6m66goor b6qob grigo (2011 $3q,b OoEgrjg03rtso
bg6qg.> ggq,ob %6q.oolr EsBp63b3q,o $obr $gq,cnr6 B3qrr6gboo 8.5 J6r'6g6gtr
ts3sqpAC6es).
6sqqn g3q'oor fi3g6ob 6o6o0o3olr ts33336b303q'o Oo$eqr3bob Eob6oor' bsr66r6o6m
Ss6ogrqrtlo 66d3q,qr36repr bsO3tsser3bo 36r'r36gq,o br63ob lt6gb363cr 6.>61630olr q,r6olr
b.>636r'4)gboor.: er Ar.rECOCbool ts3tt3b36sq. rb63, 2012 $3q,b 6rbbret66ogq,qrr oj6r.ir
tt rqrS0ob erurabJeCbq,J() E3lrsbr8olro Js6g6ocr6olr 8g6B6obs er 0rbol6
bgq,tsgEryq,gbob 6sgot60gbolr ls0g0srn36o.
brjrSo6gq,rnb g6r"A6gq br63tso lsq,r6erlr E3g663erboU b66q,gmgob, Eolto g$6o396o
0rnqr366ob.>6ools qrr 0rlro116 qrs3s3tso6365q,o 6ob3g6ob oJgo0obrooolr 0ole6oor,
It$5r6oBo J36ornqrBo o6g36trog6o trs030rer30o 0o0qn6r6gr.rbqrr ggq',ob 6o8636ob
0oqgbr-6r630ob, qrrbr6obb3br-erA3tsr3Cbob, 0rcno gb.:gt6obr.rqr 6s6orr3Lgbott qrs
0o0ojo0Aobror3otr CAr6boUo BUqob 6ots63boU 6r6rq.q363boU br3oorb3bob
3r-r8Jq,Xjbg6o ArCior$U3C$otJ EoE:6orgq,3boo. rq6ots63q,o, 36coolt 8b6o3,
6gq,obbEr.rbqr,: Ca6obOrber6OCbotr ts3b,rbsOobo, glrsg6orbrngbob orrbr03p6o33
$Sjboqrn6o3boor rq$g63oq,o rbrq,o br3rlro 66$6ob r8363bsb, br.rq,er, Egg6gL 8b6o3,
6olr Erg36orqrg6-ggj6o3g6 g9c6g633q,grngsb qrr b,r3slro-br3Oolrorn rn336rgo3bob
rq6o6b3ob r3goAJ6o'bo6CbUq,o l-rob63Egbolr er6C6bgrtr.
124
sb.:q,o brg6orstsm6olrrn lr6r6qr.r6ggbob ts3lrsbrOolro br3,:tro 6g5g6ob stsgSgboor,
Us6.:3g6ol-r ts3brb.r6ol-ro Esgg6o.:q36-g3j6o3gr6o 0rlroor sq]g63oorr qrs ll3;brn-brS6oborn
rnJ36.r6o3bolr .:g6o6b3ob r3$oAr6olso6Cbgq,o bob6S0gbot-r qr.r53653oor tsgbrdq,gbgq,o
6.>bqrr: ggq,ob 6ots6gbolr 0$r68ergbqrg6obt6r6, 3oEg6gogq,o br633boUr q,r tJb3r
3qro36gg6oL.r6rb 6rqqn BUq,oL 0oq36olr, 6rqrror3q,.:-qrrbr6oLbgbot_r, gjbJ36gobot_r,
g,:6sqr6gt6gbolr, Egbrb3olr, qrsg3olr.s qor Jq,oC6ofl6sb3 g3qrol-r bo86gbob 6.:6gEolr
tr.:jSosbobob lr.rg6or.rtsoSobrn b6rber6oC6or6 ts31s6,>0obobr8o Eerg3rbs; 3o0g66ogq,o
br63gbob Em0bsbg63botr qo6ob 6.:gElrnbgtlgbr, 616 Auq'obbaobb r6m6r.r6g S.rqqcr
g3q,oll 6o936,:-6.:690ol-r rnJg6t6o3bolr, otrg Lso63rbrgoer brj0or6oboL qpsbm$r6rg8ao63b3brb; jp96ob 8crr3q, g36ogrn6ortrg CJo6oaoJob tsUqotr 6o86gbocn
gb6gbgq,gergob, 0o6crj633olr ,r6b3bolr Etnd3gq,gbgq'o qrr grq,bo B3q,otrrAr6
Ar$aC6eob bsjEo.r6r'rbob CgrbgC$r qr.: Bgttbs6obrqr q)r6obreAo 0r'rlr,:bqrgeBob Eqmbob
Aragr6Car; bl3st-ro oJ36rgo3borr6 qr,r3s3tso6gbgqro Jg6lrobtq,olr E5r'r6ob Jo6rnbg6ob
6.rjbo8.:q,lg6o 6.rg01erb3bgb.:.
2011 S3q,ars6 63qr:63boor, 6rotr6qrs Erqqro B3qlob b6g63gbo. 336derqr,
tsg3otts3q,3bE; 96r,rgbgq,o AJq,lCOool ts3.:qr6o6r 3.28 aq,6q.o q,56o, 610 2.8 J6r'r6g6goo;
seCar$Cbs $obs $q,ob ts30r'rbsgq,gbb, bmq,er 6.rlr,:gq,36Er - 3.,14 0q,6qr q,s6o, 6.:6 3.5
J6ogg6goor rq30s63b.: 2011 Sqob 6.>bs3q,3bb. .:q6oB6gq, Jg{6ooptso g6br.ry6o
3rq136ob ts3ErnUr3q,gbEr 54 0q,6 rts8 qrnE rfu) q.or 1.7 6q,6 ggt6o, berq,r,r Artrr3q,CAAJ 500
rorbo rAA q)oq,r6o q.or I Aq,6 336o tsglqr6o6r. rarbcnrE, brbq3s66r63onqrr6
o63rlro630gq,o cnr6bSbob Oq3gqerb,>0 1.5 0q,6q q,r6o eJ 50 Eq,6 sE[ qrerq>r5o
ts3rq6o6.:.
lts66r6o8rn J36ooqrtso, OoEojGCartso 6rpqn ggq,ob 6sbob fr6qrob J.>6sqgqryr6;qr;
E6o63qno grob.r6qrr EoEoj6g3oq9.:5 rar'reCb3q, q,rr5oU b,:636erg368o Ood33q,gbgq,o
6r636r4)3bob J6er6g6g3qo ErB3X63b3qro. JC6derC.o, cng 2011
$gq,b 0rndgqp63q,o
q,,r6ol-t br6Jbcr$CbotJ 6roqrg6erb.r l-rjrr6or3gqrnlr 36rn363q, br638o tsgOr.rbgq,o
b.:636r'rg3bob 6orq,o.:6o orr6trotr 13.8 3r6er666b tsgrq.o636pr, 2012
$3q,L r6.rq,rn5og6gr
6sB3363b3q,0r 14.3 J6og36go Bg.:qggo6s.
33q,ob 6o86gbolr gsqr.:o6q,s-p.:Eg6,r33bolr gSj6o3gdro Ur83.rq363boL 6,:8,:6orgq,rqr
gg6j6orn6o63bobr er g3qlob 6ots63bob qrrbr6olrb36ob qrrqrggEoq,o prn6olr
3'b6g633q,trsgorgrqr, tr.:js6or33q,ob 96r.136gqlo br63olr Jr669coq66gob 2010 gqolr 3
o36oUob br6Jr6A3q,rCboo qrrqr6gSoq,o J36ooqryqxnboo
Or6eCArnqrr br3rtrrn g36S6otl
g3j6o3g6o b.rBgrq,3b3bob 03033oboo ggq,ob 6ots53bot_r qrrbr6olrb3bob qrobob
630r'r$E3br.
tts66r6oBm J36ooptso bo66oSq,qr3brnqrr B3qob 6ots636oL CCbJC6Oobot,
lrs03tssrn3bo. 336doqr, tr.:jr6or3gq,erb g6rn363qo br63olr lrs3rUo
63666ob brq,sr6r'rgboqrs6,
3reEg6gogq,o br633boqrr6, 3.rq5gob br6,>qg.>063q3q,o bggt6t rqgr6, llrjsr6or3gq,ob
go6s6lrorr br0o6olrg6erb Eg0rnts3qrSbolr br0tr.:bg6oqr.:6 Ooqgbgq,o qr go9eo3g6o
Jo63bob 3o36 Eg8rngr6oq,o oj6r 23 938 6rq,o l-r.lg$3r.r gpq,rqro 6o6.>6o.
2012 $3qtso 6.r8er3qrg6oq,o grq,bo qrr6ol,r 6r636erg3bolr qrr flg$3ggbob 36cn636ggq,o
cDr6rgr6eobr EogXdgq,o,: qror56rEs N 8.3-9ca.
125
ヽЮ56650s N 8.38xPh Ψ560し ｀53い 0カ Ψ5005"06o yう Ooo500Ψ δ
Q
日 001% ■ 005%
■ 195%
■ 634%
口 445%
● 1022%
■ 071%
日 043%
■ 1‑
■2qu象 ぅ
■5qЫ 象〕
■200輸
口50 qPyin
■ llXI Ψ ぅ
̀o ArEgr
r 50 oaor6o(193$) r I q'rtil, AIFJOJ r 10 q'i{6ou
■ 10 Ψ S60
● 200c、 oo
$gr6o: brjl6or3Cq'crl, C61'136Uq'o brEJo
br$6s6otser Jg6otnqrtso bJ8m3q,C6oq,o Usq,bo EJ6oU br636cr$3bob 6roqr36rn0l 2011
$gq,otb BSqgr60boo E306o63ogq,or 9.1 J6r'r636goor, grq,bo eoq,56C0ob t6soqr35n0.r 5.9 J6r4g66oo, br.rqrr.r grq,bo 536r'rb br636rn$3bob 6rrnqr36r'rb.> - 41 J6r'636$oor. 6.ig
Bgbgbr 50 or3ol6ob 6rnEo6rq,olr grq,bo 0r'r63$gbob 6r<nq66r'rbrb, 6rtJ3q JS6ogrqorsb
ts3qrs636oor Bg66ot6gbgq,or 3.9-a36 bcrq,r'r I q,56ob 6oAo6Jq,ob grq,bo Egr63$3bol-t
t6.rerqr36rnbr - 1.6-a3t6 6er0obrq,3bolt Eob3p3our 2071 - 2012 $q,3b8o ArAo3q,C6oq,o
g.rq,6o q,r6ob 6$36er636oLs qr,: 0rn63g3bol-t 6sgrqp6r'r6.:lr 63oBp630b qro,:66r0.r N 8.4 qg,>
qror66r0r N 8.5 .
,sE,:lrorr6, Lb3s Agtrrn36o grq,bo 3sq3g3boU 6lerqr36erb.l
63Egot636gqnr 1.3-136.
126
eora6r6r N 8.4 2011-2012 $qr3bBo 6r6r'r3qX6oq,o g.>q,bo q,r(6ob ArEJ6rnOCbob
6roqrg6r'rbr
800
︒ ︒
畑 ｍ Ⅷ 御 抑 加 ・
ｏ
1
q,.r6o 2 q,r6o 5 q,rdro 10 q'r6o 20 q,s6o 50 q,s6o 10O qr.r6o 200 q,r6o
$gs6r'r: Usjs6or3Cqlerl; C6t'rBEUq,o b)63o
(rlrA6r0s N 8.5 20f 1-2012 $qg0Ao 6s8rn3q36cryn grq,6o Ao6Cg3bob 6roqrS6rnbr
50 oao6o(19939)
19蝸oし い もぃ
10 q,r6ob 0o6X$o
$916o: bs js6or33q,r'rlr 36<'r36gq,o 0163o
UojrfxrgqmU g6c66gqo br53o 63ox'rqroq,ogog6 qrrb0r6gbrb g$gqr.: 3er03l66o3q,
6r63gbbr qgs 3sq5goL AOeJa$qlCql J36j63bb, JICAC o36oe,o3q, qrs gobo3g6 Jo6g6tr
Jre6C6ob J3rq',otsoJrgoob .rErqq3bolr brj0gBo. JC(5dcle, q9.:o6gg63tJ3bgqr Jo6orsor3olr
B3q,otr 6ots6Cbot-r qrs66r3o 63jr6o'b63bob b$.r3qgbob, q,r6ob br6J6og3bobr qt
0er63g3bolr 3r66oborbrn6oL 6r6Us9cq36ob.r er brrArere 6rqqr ggq,o.>6 Ogts,:r,rbob
33,:q,ogo3r6oolr r6.>qq3bolr 0ob6ocn, b$s3q,6b.: BrUOr6er 27 4 3o6l:.
2012 $3q,b fi6aJ$Cboo 0o6qrobs63obqrs 6o6o66 b.:o63glr6o6orn, olrg tr.:ogboq,3r,r
8o63$g6ob 63.:q,o'brgo,r. JC6dsls.o, j. g3rt6q,ob ggq,otr 83b3g8ob, tr.:3rl-ro 66g6obr qg;
brog33q,o6o 3odJr6ol ,,tr,s6,:gbr6ob" lr.:tsgrq,3boo r63.:q',o'b3bgq,rEs bb3sqr.slrb3r l6bob
grlrggq,rn0.:0 ts3.>qr6o6r 11 446 36orggqro - olJ6bool 1.3 aq,6 q,r6o. Aro tsrn6olr, oj6rrll
Eo63g3bo 823 36orggq,o, or6bocD - 1.2 0q,6 q,r6o, 3C60bE ol-r 0rn63ggbo 326 36cn3gq,o
t27
o56boo - 19.6 torrlro q,r6o, boq,m qr.:6.:6896o ts5bC3q,oA5 l0 297 g6or36qo o;5bboor 70.0 rorrbo qrs6o.
jggs6r8o JUq,OU6Uqlo gg6olc8ob g.r63oorr6gbolr b3q,ts3$go6ob, jr6oryqn gSqrob
Gbrnbrqrobolr br9b6eour qrr 36er36gq,o 6163ol-r bso6gcr60.r6oo 636g6olr ggEjgoolt
6.:$oqnb6o3 8gorr3bXbolr 0ob6oor, ltjr6o6Xq,ob 36o36gqo b.r63ob g3q,olr 6g%993o
2012 $q,ob 6er3ab6ol-r b(rqx'rL Are5or&,q,o .}C6r jsq,rj g3r6Cq,tso.
j.rq,.:j 6s6gq,8o ggq,oL 6gt3gfldo Ar6orrgbCb3q,l gllrJerbogortso $.:09316o rq,Aoq',o
CcrrA('lbr 36r'r36gq, ArqUOr - q,r6b ('5 5LCEC C6,(nB&Jq 8$3b, 6.:orr E('rbpgl-t
l-trjr6cr6Sqrrb g5rn36gq,o 0s63ob tsSbrbgb go'bogrn6orr obgo66o6gbr qr rEoor
E59cag00s 456$CUq,l$oq,rqr tsgsb6gq,rnb g6o36gq,o 6r63ob l-tso6go60lgoer g36g6ob
ggbjgor. 6gbg3Eob alrJefrogor8o $r60rnqr6g6oq,or olr6rnt6q3q,o 6.>$oq,o, 6rq,33
6.rSoqo gorOerbr 0lrr.rgqroo ggq,oll g.r6ergg6sb.
jr6oryqro Boqob ob0o6nobr qrr lrrjr6or33q,rnlr 36r.r36gq,o br63ob, 6rn6er6g i33g6otr
OC6O6rqrJ6o 6s63otr 5$3oorr63bobr qt 6otro do6oorrqn ltjEosScrbob 6s66m0ob
6ob6oor, gt5o36gq, br63oU gSq,olr Eg9rgg6o rjgog6rq.o borr3rbr.rblr 5sb.6rq<nSbslr
lrr6s60r6rorq,3bq,rn-ts30g66gboor 3g5tt3bb.
rqtrs6ots6s3os, t6r.r0 ggqrob 6g9o3g0ilo q,eocooq,qC 0s6gq,66tt 5s0rn336oq,o
CCbJoErOCbott eracD3rq,o36CAq'orr 5ogb3o qrr Orolo o6$363bo, 6rn696g jr6<ngq,o, ob3
Olrogq,orn 6g0ob6r6o3otts qrr bo6ob6o3oltre0o. trtr6Ar6oBgr J36ooqgob or6argq,marao
agl'c3ab gb6g06r 3 686 3oboger6o.
2072 $Cqb 66d3q,q.o3&net ls3rbrn-b.>g0obocr tr:j0orberbob 0r636gq,o63bgq,o
lsEr6orq,gb6o3-6rnr6dsgogq,o brtob lr6rgq,gogob brdg8rergbo. 3X6doqr, olr6!aC(,6rngC
g3i6oq,r'r5o3boo sq]g63oq, rbrq, br3sbrn g96gt6tso brqgJraq,ob 36og3botr
psb63q,36oLs qrs Jst6sq,3q-f,6 699o88o lr$r6or3gq,reb 36er36gq, br63tso 6rqq9o
ggq,olrs qgr B$JCUq,obol, tp6ogb3ob rgonasoobo6Cb3q,o 0st6o6oU Soqggq,ob (CMM
troL6Caob) qrr6g663otr lr;ggd6q,b3 q.orob3g$r qpr b6gq,Srngr Ar&)Orer lsjs6cn3Xq,ertt
36er36gq, bl630o brqqro tsUqdr Eoq36s-6.:636ob, rq6o6b3olr, ts36rb3olr qrr bro63rlt6oo
lrsj0or6cnbrlrorr5 qrr3r38o6gbgq,0t J6r.6gq363b0l, 6cr6q,olt ts3b,l6rEobsqt ts3flgtsspbgq',
oj6r qrr bsjs6o63q,rrb 36rn36gqo br63ob Jt63toqrC6ool, 2012 $q,ob 29 6o30b6ob
N105/04 b6dr6gboo qrsEg3o6qrr ,,3rn0366o9q, br633btso 6sgq.o ggq,Ur er lrb3J
g'rbSgq,rnbrbors6 qrr3r3tso63bgq,o rnJ36r6o36olr $r60tn3bob $3bo".
9ca0oor sqboBbuqlo GgqoqlC63bolt gsor3sq,olr$o6gboor ts36g!r3qr.r qrr l5jr6or33q,rnl-t
g6rn36gq,o br63ob J63troqgCSgolr 2012 $q,ob 30 6rng0b6ol,t N115/04 06dr63bocn
eraOJoGcbuq, ojbr ,,brjs6or39qob 36r'r36gq, br63tso 6sgqg guq,ll er llboJ
B5bCUq,srarbo,r6 cgl3rg8o630gq,o erJ36.rgo3botr $,r60o30ob $3Uo".
128
9 l$tre5rqmCbsborJ6g6crroC6orr'rbi erlriC6crl:Etn6ofueroffimOoaqm0t
Lrjr6o6gq,rnb 36o36gq,o 0r63ob lr.:j0osbm6ob 6rjbo0.>q,g6o 6sE$3or.6rq,r'rbolr
glr6g66q,gogoLr e5
[rsbs63<n l-rolrg30sBo Eo0qro6s63 J5rn3gbSbot_r tsgbrbgb
o6go60s6oolr Or'rlr.rbqlrnbobtor3ob qx6ergq,sqr 0o$c'rqr36olr 0ob6oor, Lr%er6rqm36rLors6
g6onSt6orrbr $s6o8r6o4berqt t6er5r.r66 6rbr.rb6o3o o6go6E.rgoolr, ob3 3o0g6o3.l6ootl
Ub3,l lr,:Bg.:qr3bgbolr 610r.199636oo. b.>.r66rt6o6r.r J3r6omptso, g6r.r36gq,o bt63o
rnJ36s6ogq,.:qr r3663q,3bqQr J6Sb6gq,obgbbr q9,5 bgs6obi1o356 0o6,:6303bb,
6369q'r6pq,rqg 0r6ors3qrs E3lrsbs6olr orX03bb3 J63b3r'rbg96366ogbb, 3m6gg6366ogbb,
b6ogo6ggbb, b3Eo6s63bl-r, J63trg6gr6ogbbr qg,: Egb6qg6gbb.
36o35gqo bs63ob 0o36 qr.:5360oq,o 6ggelS8gbob, 116.163r'r bgjgo6obror3olr
Egor>3,rlrgbgq,o rbrq,o go6rbUg6o o6bg6ry636ggbob E3bsbgb o6ggr60rgooL
lt%r.r6rqrogb.r6qr3 b$rn6sq9 qt .r0er8$36s3re aoor6ob gb6gfu3q,tr.rgogsqr, trgb-otr
09tsr336o 0r6or.:3q696 J36ornqq3q, Agfu3q96g6b bglqr3ocno qrs 3qpjg6rnbgqro 0Sqroob
$r60rn0sq6g6q16ors6.
b.rj.rt6or3gq,rnb X6n35gqo bs63oli Eo6gg,sr6gq,o Joq,ogo3s, 5r.r0gq,o6 .16r s6b3bgq,o,
s6.r03qr 0r'rlsqrr.rq63q,o o6gq,,:goolr E.r6cn3rlr3r rn6og$orSgbgqro, 6otr6rqr oL.:b.r3lr
gstt3bol-t qro6ol-r l-ttsgrq,er qrr 6r6dgq,3rqror6o lr6rboqS6obol-r Sic5gbgggogrL.
ts3brb$oUrqr, 3tsCtlgor6o aGrECOr6Uqlo Jr.rq,ogo3ot_r 6r6tror66o3q,gbobror3ob
brbtrsJ3cD6Cbuq, E6o0363q,r'rb.rtr od36b bri:er6rqregbolr tr$re6o obgq,.:6og6o
6r'rq,oqn6ob tsr0rngrq>o63br. .rE 3gorboor 3o grq6gbrqr bsgg6sqq3bru Am6COr6Uq,o
Jerq,ogo3otr 6rE]3o63rqmbob gneg633q,gcrgr qr lr.:jldlo63qerb gdm3fuq,o 6r6JoL
bs$o6rqmgbslrrs6 U6rorl1d,ombob 0obr68o0l6or3qro Jrqro$o3ob
6J6bo6OoCE CbJ.
80M035あ
J6rnCCltC0oLs (rr
OoE9116s63
0r.rbrq,rnqr6gq,o
E3q663bob, sbCSC b.:jr6o63q,ob
X6o3[3go 0r63oL 6o36 Ar$r6C6fleo
Jreqro$o3olrs qrr g3n6o0o3rs3 0olro
6r3q,35ob ts3brbgb btm6.rqxngbolr
erJg6s6o3qr.:qr o6grn6aot63botr 6ob6oor,
36etg6gqo br63o 0ojdgq6bq9.r bb3.:
$s8g3s6o jgggEgbob OC6O6rqU6o
br63gbob A"C6 rJ6o6o636gq,o
J6rjgo3ob E3brbrEobrq.o. 336doqr,
brjr6or3gq,ob 36rn36gq,o bs63o
6qoq,rnbqg.), 3q1$g6m6gqn eJ
Aglq6oon Arar.r6CaCbobr org fulrobSqo
o6gcx60sgoolr lrbgr b.rBgrq,3b36ob
Esjbo0rqg6rqr
fuqAob,g3qmao 6s3brqrr cfigo6E.r6o.:
trr8rE
brle63b14
6o0qro6s63
g36q9366o3boL tsgbb3b, S.:160(')38o6r
BUq,rCg er
UOr)
br3gorc6o b3eg" JA Lrr3oorbgbor.:6 qrr3r3tso6gboo q,r rCbb6r rar oU o6
03Eggrnboor
Arq95$U3COoq,CboU 0oq3bob Eergo336o.
sqbots6gqolr g%6g633qrUsgoBrqg, C6cr36gq,o b.:63o g93gq,o3og6rqr ArAobGCAer
,,o3ob 0o0r.rb,oq,Brt-r", go3Cq,$r6grq,g6lqg braob6C6er ,,o6gq,,>6oob 6odmboq,3rt_r" qrs
,,AobC056UE,o er brbr6Jo L6s6ob6o3oL bogqrggg6l-r", crJg6s6ogq,.rqr rj33g63bq.>
b6.r6ol-t6o3g6 6rn6.>g363bb er as!6C$r6Uq,o Joq,ogo3otr 3r.rflog3gob J6gb63q,o%30b.
2012 $3q,b ErtEtr.rqt qt 6r8crl-rgr ,,lr.s js6or33qrerlr 36rn36gq,o b.:63ob $q',og6o .r66.16o8o,
r29
2011'; q.or ,,brjr6o6Xq,ob tt6.lqsbsbq6q,o 0rq's6lro, 201l'; brCrr6orggq,r'rU g6og6gq,o
6s63ob Arao6Carolr 5q,ftlg6rn6gq,o 3g6bo3bo b3q,dobr$3qmflos lsjs6o6gq,rnl-r
36xn363qo 6r63ob ogo6o.:q136 o693663g 5336eb3 - www.nbg.ge .
lrtr66s6otso JS6ooqr8o, lsgr6orrtsr'rt6oln orr6r0t]6r.r0q,r.rbob 6.rrjgogr6gbobs qrr
OrqrJCUql bggt6c'rgbtso 36bo j6g630ob OC6O6rq,Ur6o br633bolr 6rAmgeoq,lCbob
bJbor63boL 0ole6ocn, brj.r6or3gqcrb g6o363q,o b.:63o or,r6r0ts6rn0q,obqr,: @bogq,ocrb
bb3,rqrrbb3r j3Xg6g6ob 696g6rqp6 0,r63X6ot6. Arbb$Uol6Cbocr, E6ots363qrcn3,:6o ogo
g6o36gq,o br63oU gs0rn6poq,gbolr aslbor6Cbob 0o56oo1 6s0q.o36o03 ggbo36o
brgo6s6t-rer o6L6ogSgob $.r66rn0rqr6g63q,orr 3obo6o b$l6or3gq',r.r6o.
Elrogq,oo br63ob 693o036q)rgooo, 2012 $q,ob .rJ6oqrBo, brjlt6o6gq,rlb CFmOEUq,
aJbJao arO56cbgq,o 63grn68Xbobr qrr o6crarooU6o bobocaCbob Slg6eBob Eot6oor,
g6r'r36gq, 6163lr s3qsbgcnob 696g6rqry6o 0.r63ob eCq,CArOor C$gor. trOUA6CbEr
j.>6cn3Xqo 3oq,g6Xbob6rb 0oogglr o6go66s6or lrs5rqrsbpo (t Brbor6o jsqrq,p3bob
Lot OCaob es6C66gotr EXUsfub. rar3C bob6CAob 6r66o6otr (t ArAoOeoE C6olr 6rbor636olr
Eob6oor, ttgjgg0bgt58o, RTGS q.or CSD lroLoCaCbob Eo0Soqr3bgqo r096o33qro 3rnEJr6oolr
,,Asl6o6r6ob" t6X;rnag6qrr6ooor, C6('tgfuq, 0r63b lrg6obraotr GC6o6rq',fl6o bs63otr
(,Cq,,Cbr3org boflA6ober. r'rjgr.r0636tso Jo, lrsjst6or33q,ol-t 36m369q, bs636o
go6go'bgoolr gobrbborr, X3rnbrn0o3obr eJ
6ggo60gbob b.t0o6ol-r66r'r3bob
$r66et0sq6g6q30o o8gog3&rp636. tsXb$q,6ob Ecnr3s6o 0otrs6o t-r.:js6orpq,otr
36o36gq,o br63ob 0o36 6r6bo66oCq,Cbgqo 63ger60g6olr 6.r66<nb.: qgr r6bCbUE o
6rao6qoq,Cbob 6s$or6g0,> ogo. 3otogob ts3q.o36C6ob tsg1.>Egbobrb go66obSorotl
eCq)Carooob $669bAs rq5ots6Xb, lr,:jr6or3gq,oBo ArOr6CbUq,Ar 6ggo603b0r qrr
63q,oq3bg00r, 6r'r0gqrog trs0lbrq,oorgt Eorgq,b 636oer6tso, q)oero 6rnq,o oorrSrtsgb
jpg6ob grn6o0o3ols qt 3er63636gq,rq.o js6or3q,o brb.:63rn b5j6o6ob 6.:63oors63boU
bsj038o, bSo6gqg $ogo0 0og16r lrsjs6ol3gqrer GC666rqlg6o r9soobr er Urngoq,o
llblrnorr 3r38o6ob fu g9636oL gg6sq.oq3bob 63666tso.
5sbgq, $gq,b l6jr6o6gq,crtr.r er ar'rqler'rgrL X6er36gqr b.16336L Eer6ob er60b6o3o
or.r6uEil6r'rEq',rnbob Eg8rn6rbqq3So 6rger6Eqrr, r6reEqrob orrErbare 0bs6ggbo oq3b36
3.:q,qr3bgq,3bsb, or13cl16crlcr 3oEJ3g356oob Br6AqlCbAo b3q,o 01g$grn6 lrsj.:6or3gq,r'rbr
qr.> 6erq,qrrn3;b 63llJgbq,o3ob l$br63rn qrr l$9o6.:6b('r o6bgoggg3bb B('r6ob brjaorbo
g6om36oxrb3bob qr.rEgr6gbrb, str33X 6sgbo.:6r'r6 3r6ol0r6gorb q)rbC6boq,o $r6Er6gbgq,o
ArAo3q,oq,Cbr. 030<n6s6q436lt 2012 $q,ob o36o118o b3q,o Er.t$gt63b brj,r6or3gq,nlr
36rn36gq,o 6.:63ob J6g9eoqgg668s 6oo66o jrqrs6odgE qrr 0r.rq,qrrn3rt-r 36r.r36gq,o br63otl
J6glcoqp36g0r qgo6ob q6r6Agr6g0.
lr$163o l-t3jgrn66o r6b3b3go 3oos63bolt qrr 0o0qo6.>63 X3o6o0o336o 63gn603bolr
6sg6o6olr 0o'b6oor, 2012 $gqfu l-rrjs6or3q,rnb ergo6osq,3t6o golboooo; lrsX6ortso6oLo
l-t.>3.rq,ggrn go6qrBo 8336o fuXgbott gr60o0rp6g63q,o, 5oqr36q,s6qr30ob a6ggoli $66o
fuSg6Cbotr rq0sb63q,g63q,o qrot6glgm6o 036o lrfuq,o LOCA6ober. brj.:t6cnpq,r'ir
g6rr36gq,o b.:63otl J63boqr36orrb tsgbgqrlob q6ob qrro6g60r 6oq.oX6q,.:6qgob XAUBob
$66o jpg63boli 2013 gqob 03bmq.o6ob 61016o13r o$oq,ol-r8o.
Arbuq S3qrb lrsjs6or33q,r'r E6o0363q,o3.r6o !l36orr0re6olr9 366g3636goob
6rlrJo6dgq,og ogrn. 336derqr 31 0r66b, lljr6o33q,r.rb 36rn36gq,o b.r63oUs qrs g36rnJgq,o
gr.rEqrolr br0b6go - sqEr.rls3q,gor g36oJol-r.:or3olr (EFSE) o66r6o'bgboor, orboq''oLr6o,
bJrOUA6rn 63qrol-rrn6Bo .EFSElob $q,og6o tsgb33q6r gso0.r6o.:. 3m6g36g6gor6o
0o6.r$oq,3 br8.rbb3 aCOAr q.oCq,lC6r$6r 06o69 er brtsUrq,rr bobbgbolsor3ol-r go6sbbg6o
63ttgdrb36oU tr3q,0olr.r$3perSobot-r gslc6qrolr tsglrsdq,3bq,rnA3bb3 oE[ra3q,.r.
br36ottsr.r6olrr.r or,l6l0ts6o0q,rnbol-r gr66qrgbEo b,>jr6or3q,6lr 36g363q,6,: b.:630r 2012
$q,ob o36otrtso, 63666.rq,96o b.:633boLr t_r6.r6ob6o3ob L.r3ocnb3b,b3 3jbJ36gorr E3-2
130
636oer63q, 3r'r6g36X66o.:tr SEsL"Jo6dq>s. C.:r6ora3q aldg6g3bors6 g6orsqr
3rn6936366o.>Eo 6er6.>$oq,Xrnbq.o636 q,o633q,o, lro63bo, p36ro6gqo qrr gtb.rbo
l-t33gorq,otrgg6o. 0tragq,o6oL 0orr3s6o or30,: l_116163r,r bA|ger6olr L6r6ob6o3rLot6
qt3r3tso6gbgqo lrt3oorbg6o ogrn.
▼
131
10 lsdo6o:6gAq,stu g6clgqCqr, 0D6Jol, rqMotEJ6o 6drUdrC0ob 016o6r
tqr.r0o.r6g6o 6gltg6b3bob 8t6cn3olr Jr.rqngo3l 0ob6sqr olrsb.r3lr g6er36gq,o 6.r63ob
pr3o63qg|93b.>b lslo6o Jt6rn3Clrootr, bJg6o.rq,rnbolr,r er Jgrq,o3oJs6oob 0jer63
3rp63boor, J36lro6sq,oU ts36833ob J6r6gq136ot-rs qr.r or.r6.r0qr36erb6o3o $o6tr3q,olr
Jo6r'rbSbolr rnJgodotrs6orb, j3Sqrrbrgrngorr bO6UCOC6ob erb3C$rt, g6rn36gq,o b.r63olr
b66rg36ogq,o 10141630olr ts3Urb.r0ob.rqr, br63tso qrrbrj83a3q, or56rau6r'laCq)olr
6r'rqr6obs qrr 33rq,ogo3r6oob .r8rqq,36.rb, O.ron ts6r'rEol-r EorJo3s6oob b6qrsb.
lss66r6oBo Jg6ooqr0o br8g8so J6o6gbg6ob or3obob6o3o g3q,oq,3bg6olr 610o
6r6bo66o3qrqrs bg6gjggOgq,o g3qoq,3b.r er 63oj06,r glsg6cnbo3bolr
qgCJrd)gr8366o.
20 1 2 $qob brnqob gttre36gq, bs63tso Ogtsrrnbqt 3 I I ortbs0il6t r0Cq,o, rAJobrb 235
0ob3q,3, 43 qrr8b0s6g qor 33 AOTOAT63EX 0rnbr8brb3t63. Ornbgq,g3bob brtsgrq,r'r rUcao ogo
- 38, pr8b6s6g 0r'rbr0ttb366bob - ,{4 qrs ts9s66s6383 EerLr0brbg63gbob - ,(); Eron 87
Jt6c636$o U0.:qq,Xbo 6r6rcrryr3booru. orr6r0tl6re0Sq,ors 6orq,or6o 6srnqr36r'rboqr.r6 45
Jdnm66b jsq[bo 83.rqr536qr636.
qnr66lE.r N 10.1 36o36gq,o br63ob orr6.:EB6r.r0q,3bol-t t6.rrnqrgbgrb6o3o qrr
b.v+nbboAScno arAm6gbq,C6o (tl3q, 311 orr6s6tl6xnflCq,o)
3tD
■00bro
035)
Sb5o(43)250
o蠍 島 QO―
■砒>…
』o
も幻
レメ101339
2∞
■小q,(1401
■3500(1721
150
00b― b・ b砒
・
"cmJ
K38)
■Ψ
´
.∞
ぼ贖
｀■3×20Jヽ
"00 301441
b‑Ob
・
●メ 沢で
b50
」°
⊃084p
"。 …
$9rt6o: trs j,r6o139q,ob g6er36gq,o 0163o
3t6r.r36gq,o br63ob b<"r6og6cn trO6,UCOU6rCg C6-CUe0o 5r6bo66ogqCbuqo
or3oln06o3o g3q,oqpb3bob 6r0rn, 6s6 6o6 830ofu696tso 6.r8rno$3or rbrq,o bouo0aCbob
q9,)8C6A9,50, 6r6rbq3bgqo ojbr, rb tgoj06r rbsq,o .b,:OgtsroL .rg$363bo".
lt0gtsser 6.:6g0r.rbr e'r Jo6oOC6ol, EgbrbSb cnr6r0ts6o0q5bob qrsEer3oqr3bgE CbobJ q,J
0roqmqn63boU Ar6$Caob 6ob6oor, tst6r6qps $q,mr CgSdot6er63q,o 6rasrJoobgoL
brBgrql0oor. Eoq30gq, Or'rbrggEgb94 qrrg6qr6rn0oo Soflqro$r6grnbb J6g10q,3Eg6
br3oorbgbb3 J368r6g6ggqo Eg8serbr.
6.rbbrn6go3qqr,r $s6Bofubgqro tt6gq936g36otr 36o36gq, br63tso lrgrgogr6gbsqr
193161 30sqq,3b br6.>60.:6.roq,36q,o q9r$31-r3bgq,3b3bcnr6 g.rgo60gb3qrr
,,g6cno3t6cnorbrEts6r'r0qobolr ts3brbgb Eg6o6rbq138ol-r" trsggd33q,trC. rg3r6oq,o
oj6r 45 tr6rgoo6o, 6rn0gqor.:6r6 AqCb 3 g6r.r36gqro b.:63olr orr6.r0fldrgr83q,or. lEt3g
EXEo6rEqgEob Br66qlCbtso 36r.r36gq''o br63oL or,:6sE06r'r8q,gbot-r Eo36 g0lqq,3lro
ttrb$:3q,gbq,gbob b6gq6663botrolgob B1016eb 20 q,3j0o.).
132
I 1 6o6A,lOro"UgbrAo6crrq,g06oSo 6r$ob 6p6gooDt6gb!
lsr66r6oBcr J36oerqrdo bot6gogqqrgbrnqrs 6m68rgogq,-lr.:0s6ory,366o3o 6r9solr
b6gq,gogob bsE3tssm36o. p6dr'tqr, 2012 g3qb Ooqgbgq, oj6r Urjs6cn33q,oL 3r6rn6o
,,br6rqg.:bpr.r bob$CAobr qr.r l-rr6sqrsbqxe 6r.r6brbg63boL tsglr,:b3b". 3.16o6o11 Ooq3bob
Eobs6os bsj.:6or33q,ob br6rqr,:bpr.r llotlggflolr glrsg6cnbr.r, Eqr66rqro q.or 33Cjgor6o
ggbjgorn6o63b.>. o6o 6rbbtrq3t6.:3b b.r5rqrstrpo tJobOCAob, l-rr6sqrrbqo 6rn0brbg63bob
t6X6gq,o636obr qgr lb3e$bg(B3q,cebolr J6o66oJ3bb, .:lrg33 9o616lrg6o 6ot6smlr
6.r0og36gbrlror.:6 qrs3.:38o6Xbgqr l-r.r3oorb3bl-r. rq6ots6gqn 316o6oor qrrqr6obqrr, 6o0
bs6rqrsbqo bobg3Os Erno6r3lr B3q,rsgo tr.:bb63boL bt6.rqrrtrqro boL63arb, grlros6o
jrqrqqr3boor r66s6otsb$r'r636oL lrobg36rUs qr.r 3qro6o66ob Lolr6g0.:l-r. bt3s6968qr3bq,r.r
qrmEgbg q)r6CA3q,o6!.or obgon rjggrq,g6o lr.>3oorbo, 6r.r6rn6ogr.: b.:6.rqtbqo
0r'r0brbg6g6ob 36rn3roqr36otr Oogtl 3q3jg6r'rbgq,o ggq,ob gstlerflggb,:.
06ots363q,o3.>6o trl3r6o6Eqgbqrn 63qoqrg0g6o Er6bm63oCq,('r ,,brjr6orgq,r'rl,r
gt6o36gq,o b.r63otr ts3ttbgb'lr.rjr6or33q,r'rb rn66.r6gq, 316o60o. 336doqr:
- g6o36gq, bl63lr 6o36ols b6gq,o ggq,gbs0r'rboqr3b,r tr3qpoEb3Sg3gq,lteb.r 5rg$or.rtr
bs6.:qrrbqro LoLOCaolJ rnJg6.:ger6olr,: qr.> lr,rg,rqrbqro 0o0lr.rbg63bol-r J6r'r3roqr36ob
brj8o.r6rnbllr O.:cno 636o1-rg6s6oob, 636obg5,rgoob Srgj03bolt qrr 0som3olr 0o6o6rq,g6o
0erorbrn36g0ob qrq.o636otr, ts39be3s.o3CbotrJ qrs bt6j6o3boU qrr$31-r3bol-r 69coor;
- ts3Oerq3bgq, oj6r 33.rq,ogo6og6o b,:363qngo o$Lgogggob 66gbr qgr g6r.r36gq,
6r63b 0o36olr ggqr3br8rnboq,3bs o36oqngq,o Jo6o EooB$oolr 33rq,ogogog6
Ur36gqo6r.r o6tJOoOUOrq,. 36r'r363qo br63o ggq30s0arlroq,or 6s6rtxn66o3qrertl
33rqrogo6ogt6o bs363qngrn obbgogggolr brj0or6obob 636gqo69br, 619 Eoo6r3b aob
636obgt6.rgorlr, 6ggolr66rgoolr 6.:gjEgbslr, tsgltg36ol-rr.rbob 36ogg6o3836ob, 6olr33botr
6.:0gqs363bob, 0o5oE,:qrg6o JrJo$rq,rotr, q,o33oqrnbobs er bb3r 0e169bo363bol1
qtqr.5gbJr, rb6g ts30rn$0gb.rlr, E3\gqggbolrs qrr br6jgog6ol.r qrr$gbgbsb;
- 5r6bo66ogq,3bgqo 63q,oq,3boor g6rn363qr bs63Lr er b3q.orAbCe33q,o6sl-r
erj3g6qp3br636gqr bSbogjgSbU tsr.r5ob Eo0rn$36r E3odq,3bs 6r6brn66o3q,qr3b 6116o69
ArOC6oJq,U6o, .:tr33g 3q,gjg6o6gq,o grn60oor, 6rn8qrsbbrg 36o$3b.ror orr6.rbrr6o
o36oqrogqro d.rq,.>.
2012 $gq,b 0cnObrqqrr er ArAoo0r 6o6o 6rr60r6ouqlo rCOCbo. 6.:or En6ob:
,,b.:5sqrrbqro boLg38g6olr ts3b.rb3b" 3s6rn5ob Erncnbcr36sor.: 8glr.lb.:0ob.iqr, qJSOJoGC6UE,
oj5.r ,,br6rqrrbqrrn Eo0b.>bg636olr J6rn3.:oqrg6ob b.r jr6or33q,r'rb 36o36gq, br63Eo
636ob66sgoobr qr 69go1166,:9oo11 6.rgj0gbob $3bo". rq5ots6pq,o $3boor 6r6otrr'be365
63gob66s6oolr 3o6rnb3bo - 636ob66r6oolr,ior3ob brlor6rn qxr33036glgoolr
BrEr.r6.:or3rq,o, 636olrg6rgoob 6.>gjE3bot-r 3r'r6363g3q,o bsg3d3q,gbo. TIJCAC lgrqgAo6qor
J6o3roqrg6ob Eo36 96er363q, br638o $r6b,:qg6g6o o6grn6Ergor.
bgOeror btl3fu63q,o 3rbrn6ol-r Bgbrbr0otrrqr, rLXg E30g8.:3er ,,br6J(,rbeo bobg36ob
oJ36r$o(6rotr ltjr6or33q,r'rb 36o369q, bs63tso 6g6oLgt6sgoolr q.or 6g6olrg6rgootl
6sgj03bob $gtr", 6o0q,ooro ar6ot r%e36r lt6rqrsbqrrn crJc6rom6ou 636ob6r6r6oob qr,>
6g5ob66r6oob 6,>gjESbolr 3o6r.rb3bo, TIJCBC bobg36oL $3bgbotr 0o6o0,rq,g6o
0rnorber363bo.
g6o36gq,o 0s63ob Eo36 0oq3b3q, oj6r .3c.r036gogq,o br6336ob tr6rbqgr66uq,'o
lr.rqr3J<'r'bogrn bg6gogo3rg3bob q_o3bgq3br". Oooroor3b3q,o prn330g6gocn 615otl.rbq36.l
t-tlqgJo9rogo 1136go9o3lgol-1 66gbi - Lrsbs63m qr3Jo%ogo (;6sbs6o), 6r.r03qrog
$r66rl:p6g6b bs63ob 3lqrqg3b3q,3b,>L b36gogo3sgol.r Jot6oboo 5ror3;q,ob$o6gb3q,
aeCtJ tt366ogo3s$ob Ogq,obgq,b 6sqrrgb.rqrerl-t t-r36gogo3sgob Jo66.1boor
133
Arcrgrq,ob$o6Cb3q,o or6br. qrX0Sq,gboor rbCaC qr.:3o636ggq.os b.:q6Jerbogrn
bg66ogo3rggbob 6r0cn63g6ob, 636o1-rg616oolr, 0o0rnj633obr qrr qrsgr63ob b.:3oob3bo.
lrsjr6or33q,rn0o ojt6rnlr b.>br6olr 6J63oor6C6ob b3qtsg$goboU 6ob5ocn, b,ljr6cn3Xq,olr
36erg6gq,o 6r63otr J63boqr36gob 2012 $q,ol-r 22 o36otrol_r N61 66d,:690oo eraolooer
,,1r.>j.r6or3gq,rrb 36r.r36gqo 6s63ob oj6oll b366ogo3rggbob qp0gqgb.l., r6o0q,ot_r
03lrsb.:dol-rrqr 36rn36gq,o br53o 363gblr bso633lr6ogoo gobr6lr36 o6bg6g036gU - erj6mlr
b36$ogo3,:gb. .rq6ots6gq,o bC6OoBoJrOo r6olr X6rn36gqo br63ob Ugr(rtn (,r
gJ6er6g6gre Brtror6o jtqsq,qro, 6o8q,oorr6 g6er36gqo bs63o 3.lq,qgg&Jq,or Aobo
6r6rqqr30ob 0r'rorbr.r36otr 0g0orb333r0o, b36q)ogo3rgob E3lt33ol63t>3 (Eolro l_r.>bgqoor
Ornj0gqn 3reE366ogq,o b.>63ob E3ts33r'rboor) 6.:bg3lr ts3lrsbrOol-ro lrgr6qrr6gobo63bgq,o
erj6ob irrnqn.
jrgrqp36ol-r bfcSotr tsXbrbgb" Jr6er6otr E3lrsbs0obrqr, g6cr35gq,0r b,>630r
"Brbor6o
q)5rAOJoGr .Brbor6o jsqrgqrgboL tsXh:b3b brjs6or3gq,rn[ 3r6re68qr3\,r.rbolr
qrs6q333olrsor3olr g3q,.rqro Xr6oaob mq36obob 6s6ltbp36ob, qrr3ob636ob qr
.lql-t6gq,3boL $gbo". bbgbgbgq,o $gLob cDJErbAre, 36er363qo br63o ggq,gbrEerlroqro.r
Brbor6o jrqrq,p3bob blb6oli Eobs$oq,33bob qrs/r6 0.:oro 08.r6or39q,o rn66.>6olr $66otl
0oE.r6cn 6s8rnog36olr Bgq,reo Xr6oACbo, ol3 BiJorbo j.:qrq,q36oti 6rtc6otr do6.r$oqrg0
eyr6 Aobo 00.:6cn3gq,o o66;6erU 6r.r0gq,oEg $m60.r q.otl6;p3or g,>bor6o j.lq,lq,q3bol-r
Bgbsb3b lrsjr6or3gq,rnb 3.:6o60qrgbq,r.r0,:, 36o36gq,o br63olr o6bg63jgor, q.o3&3q,3br,
$gtto, 0c'robrn3fubo eyr6 $J6oq,loboon 0ooroorg63bo.
bs66.>6oBo Jg6ooqr0o (Bq,oq,CACbo 016064)r b,:go6s6brn t.l3jgo6rott
$r60n0,X.oAC6q,3bolr lrsjEor6obob Er6g5gqo6gbXq0r 6rnr68r6ogq,Er rj6gbEr. p6doqr,
br65bq,Cbuq,o 6gqrrjgooor Br0r'rgrq>o6qrr 0o36r'rbrgo6s6lrr.r gr66r6ob.4o36olr, gpq,rpo
69er36oq36olr 6r6drbo66o3q,CbCq,o Jo6ob q.or Arq',UOob ArerA6gq,Cq,lo Jg6jggbot_r
635olr66s6oobr er €,Ca3q,to6C6ob $gb3bo.
2012 S3q,b 36ro363q,o 0s63ob Eo36 5sdr630gq, oCEr 4l Jr5cr6c3CAeCbr6C rCOo.
134
12 \ggolgog<6o Isdao!6r'rbr
2012 $Cql, brjr6or33q,oL g6er36gq,o 6,:63o 5rbr56dgr6qr: lrsj0or6r.rbrl_r
bgr6obgo3g6o o6g.r5Es6oolr br6olrbolr r8.:qq,3bobr qrs 0m6r6g6ors $s66rn3bob boi:6gtr
J6r'6glmb oJgoEoiesgooL 6o0r6ogqr30oor, go6.r6bg6o qrr brgs6Srn t CCOo6CboL
b6r6ob6o3rbg 6rn0b6t63b3qcnr lr3q, gg6rn Egrr6qro 6rnorbrn3636ob qrr30rgmgoq,gbolr
6o!c6oor.
omo{Oob o6$q,or6o o6gg6trop6o 0g8.:r.r0ob.: qr.r 3r,r0g6gogq, br63gborr6 0}oq_o6er
orr6s0tl6o0qxnbolr 0gqr36sqr, brjrt6o6Sq,erl_r 36er363q'0r bt63Er ts3dq,r.r 2013
$q,o!
or636oqrr6 broCll$r.r 635odtso g.:3ts3r 0r36r,rX3o6ef o396o, 9o6,:6lrg6o (,r
l-tgs6ob6o3g6o o6grn60s6oob Oeir.r3gbob, qrs8gts,:336otr, tsg6sb3oUr qrr
5.r366gq,3bol_r
o6go60.>6o3qro bolr6g0.> - lqbbaTt6o (lstjt6or33q,rrlr g6rn36gqn br63oL b6rootrooJJ).
b9AQJ,:6olt 6obr6or 3Orn3f3q, 0.r63tso UOrOobOoJU6o bob6gl_r J6m63bol_r
63666rq,ole ,>6or qt rg$oAr6obrgor, go6r6b36o o6Lgoggg3boq.or6 go6r6bg6o qt
bgs6ot-r6o3g6o obgrnr60rgoob 8r'rJrn3gboqrrE 0er6sg38or,s
6s6r,rjgg63bob Bsor3q,ocn. 0ol_ro
3rn66g96ootr 63rq)otrGor gb6g633q,gogt_r:
. bgr6ob6o3g6o 0o'b63L J6r.rg$rolr OCEO6rqlotrOorU qr Ern6r6gEor Eoorbrn363boL
qrybqo63botr sq8ogb36.:U, dr6 gbr6g6pq,gogb 63bJoqr36gor.r l_r.rr66.:6ots63bo
$3o6onb 86otsg6gq,r'rgr6 EX06o63b.>b;
. 0rn6r6C0orr 0erJo3gbolr bor6qgJ66ogbr0orb qr.: g6ogo6o63brb g3gq,r goJoL
go5.:6bg6o obb6o6U$Cbotr.:or3oU, 6r.rb.:6g0orr L66aal6g6ob rq$36r$g (DSD _
Data Structure Dcfinition) qrrggd6g6gq,o bs36ortso6obo L6.l6ob6o33r6o
36rjgo3ob 616og36gboor;
.
EoErgCOot rSg6CUcp qro639rg eCOrqlU6 3o6g6oqb, qgrgggbgq,o go6r5bg6
o6bgoggg3bBo 6rorr qr.:O3tsr3gbob C$rJoq,rb es Eoqgbgqro o6gerr60r6oob 6.:qrq,
br6obbL;
o 9o6,161136 b&i0rl6Bo tsgb.:dq,o o6rn3.:go3bolr L6.r6ob6o336o rbrb3ob
.
ts3brdqgbq,r.rbstr g6r.r3q,3tr 3sqrrtso;
b6r6ot-r6o3g6o E3gr6obs6gE3bob l_rot-r6g0oU tsgjE6sb er Aob E,:jlro0rq56
bXq,0obr$3qrr0obrlr q.:o6g9163113bgq,o 0oOb0r63bqrob.:or3olr;
. ao6r0CAor gr36g1qr3bob 3.rqg6obts30go63b.rL.
b20b6,:6b A6cr?36gqrrn3t6o 3Jo6s63bo63bo
ArrB6or, 616 oErtso 0q6m8.rr63r.rbU, 6o0:
. Ar.rJr'rSCb3qlo obgm60rgoJ ('rorq,U6re r6otJ b663Co36o%gb3q,o, 6:9
3%6g6mq,grrgb bgr6ol_r6o3g6 o6grn66l6o,:9e3 0oorbo36ob 0.ljbo0rq66
.
.
qrs30,:gogoqr3bsb;
6r0orC6otr b6s6ol-rgo3ot-r Ar6er,
Arogrq,ot_r$o63bgq,os 6r3rqgbob b6r6oli6o3ob
0oJr'596,:6, 616, 36oro 0b6o3, U,:66d6obq,rqr sgr6orergbl_r r6635o636gq,o
0.:B66g63q36ob rErq,oOoJU6 06ots363qo6rb, boq,r,r 63er63 0b6o3,
glr6gbpqrgoglr IrOrOotJOoJfl6o 0r.r6rgg0gbob [n36crrr0r}6otro bgr6qgr6g36or.r6
6rjbo0rq26 dorbq,r.r33b.rb;
$r6Er.r.>q.q36b 06ots36gq,r'r3r6 $g.rr6erU 0rn$gg.r6gq,o qrr gobs6b36o b6r6ol-r6o3ol_r
ttbrnq,r'ro J6rnqgjg36ob (Em63g;6gqro do0rnboq.,33bo, b3j6rn6,:q36o
go6,>6bg6o r6Ar6oACAo er r.8.) $r6do3bob J3r6lrJ3jgo3gAob or3sq,U.:b6oUoor;
. Sotro 0goroqrr.rq,r.rgor L6flql 63t_r.lb.s0otrr.rb,ll-ror 636g6.:q,36o b.l633bol_r
bg.:gobgo3otr.rq90o $sg363bgq,o 0oorbm36g0otr qr,:3Orgrngoqr3bob ltg6or.:tsm6obo
03omqrrnq,m5o3bcn;6, 610 3%6g633qrgrngb L,Cbb$r$ob Eggs6r,r6r6303botr
6JA3go6g5q,lm6ol-r 0.rqrq br6oLbbr qgs bgq,0ob,J$3qrm0ob.rb;
135
. oAo 66o0363q,o36rqr r06o6gbb ts6o0oor qrs6sbs646bb b6r6ob6o3g6o
o6ger60s6onb $s6Eergbrtr.r qg.r 6;366Xq,3brtbC q'r .:gr6cno3bl,r gober0o336o
rEsqot566 5r1r"6q30q,efl gbb;
. r3Axrtb3trCbtr g36g6rqrg5o bs63ob gobs6bg6 oEUOoOUOCborb
or6r0E6rn0qerbol-r.: qrr 3rnrnr6qro6.:6oolr b.r6ot.rblr.
―
二慧u.
￢
島
=由
ー
lsbl4tb)olr 3tn61pg13os Auq,c,t Mrrbu Bo6rbb3frl .rn q)"OUOC6"c9s6 0ot6qg6o
o6grnt60s6cnlt b$,Gd$Udrlbxbsb tloEsr6lrolr 0ob3q6oor, 6ob bsggfu3q,lr3g grq,obq3bs
0rn6r6g0o.> 5 o1.>bo (FIM - grrgCq,cD3o35o go6rbbg6o er b6J6obgo3g6o
ArB3X636q3bo, FID - grngq,qgqog6o go6.rblrg6o ErBgfub3q,gbo, FEX - g6bo36o
3rqg6ob r.rJ36r6og6o, MTR - ggq,rpo 6br36oq,3bo, BPC - trsbr63r.r br6sqrrbqrr
b.r5rcn36o); oocDrlC3E)o rnpbolr tso66oor 0oolb936oq,o 0r.r$r6g0gbo[ .lq$36r bq3br
ts3lr.r6.s8olro 3qrrtrogo3rgrn6gbotr (Codelist) flXfl3goboor, 6ob brggd33q,b36 bq3br
Soobr'rg6oq,o 0o6r6g0ob 0soqr36gogo6o63b3q,o g6o3rqgt6o 3reqrob - ArtjreCbotr
go60o6gbr. Egltb$obo 5sbrqgbg6ob 36oxrbqrxnbr odq,33r 6r.rorbcr36oq,o o6ge60r6oob
B,>0o6ro6rq,b, t6o0q,ob 0ob3qr3oorrg go6s6bg6 o6bgoggggb0o bq6bs 36r'r36gq, 0r63tso
$s6usqg65o o6grn6Esgoob gor60o6gb,:. 0er6s6g0ors s053,:6o, g6ogo6o630gq,o
0al.r6obEoor 0r'r09e.:pgbr q)r 36o36gq, br63tso $s6Eoqr6g6r pb6ry639q,gergL
6gbJrnq66g3Aob 0o36 0r'r6rgSEcnr 35or63r6cr3.rb 6r636sl-r qrs Eoti 6rqrq, br6oUblr,
lsr66s6ots5gbrn g3o6onL B30go63brb qgr ACOo 63bg6trb 6r0r.rorr3obggq,gbJr
rbrqrogo3g6o br j0o.rbrnOobmr3oU.
%90<r,rq6ots6gq'oqrrb 6.:0o6qo6.:63, bCAbOrOob 3o66Jggrq,g6o b3q3,r
tsgdqr366ro6o.i:
136
V
bCbb1t)ob 3o6g33ggsqg6o 0oqr6o0,: 0SLrdq,gbgqb bqnb EoL ggsJob6o3
qrs63663sl-t, br633bolr tsCEqCa, bb3.: go6r5bg6 obbgoggg3bBo6,
eoeo rqraor636o q)r
go6.r6bg6o 63bg6b3bob qrr6sbr6lX6olr 616383.
20L2 Dq"b gr66.>3q,o6.:Eo, Lrrg6or,>dotrolrer ort6rdtsOrn0qm6olr gr6r6q36tso
5t6d3qq3berqg.: .rj6og6o dgB.xrbr 0r'161696o1 6.r0oj3gg63bob trs3oorbgbtso. l_rb3r $66
jgg6gAorl6 36cn.rqr, brj.:6or33q,oll 8erfugr6gq,o !6s6oL6o3ob, l66rqrJr.>bqrgqrer
brq,.:6trolrs qrs 9o6.:61_rg6o tr6s6oqgr6rnbolr o6qro3r6o6g0o l_rob630.:6g6rqr
fu3g6q6b.l
lt36orrtser6ol-ro
し535く でつ00
gorEqrol-l
30卜 器 069%0
(http:〃 dsbb im10rg/PageysDDSκ tvCtgList aspx7ctycOde=GEO,
,
http:/www.imf.orglexternaVnp/sta/irllRProcessWeb/data,/geo/eng/curgeo.htm). ,l0r3g
or.:6sE8t6<n8q,o6ob gs66qg6tso 0o0qn6t63r.rbb 0ob.>0lrrqr3b3q,o bs0g8.to3bo
trs36ortser6ol-ro l-rs3rq,3Sr.r go6qrol-r Eer6r6g8orr gr3663qrgbol_r bJX6orqg6o
…
b$rbqgr6OoL 3.:g,:6oogboL obogorgo3rtso (SDDS Plus) 0rnbr$oqr3obob,>o6ob.
br36orstso6obm b6.>6q9r6g3bob 6r6.:bq,g6oU J,s6rqgqg6rqr, 0o8qro6r63r,rbqr.:
O3ts.:rrbr lrs6sqr:brbq3q,rn bsq,rblrob 6566t6otsgbolr r6U3bgq,o 03orrqrrnqrrn6ooqrt6
(bstrgq,0dp3r63q,r'rl-r BPM5 Egbgor3 6gqr;j6ooqr6) rb.>q, 8gcrrrnqrerq,rn6orb3 (BpM6
Agfub3 63prfuorbC) AreJrgq,rbolr6 erJrgEo6Cboor, 6rn8q,otr E3q.o35gAolr
AraoCaCgECbrG
2014 $q,oqr6 .:6rob 6.:or3rq,oU$o$gbgq,o.
137
1
\-/
3 b6o6ol6o3g<6o OUerryC0o
I do6oorsqro0.:36rnX3rn6cr0o3g6o0rB65gbqr3bo
2 ls0odbdr6gbqo gsU36ob o6qgftlbob qrl6r0o3r
3 Sq,o36o o63qrrgo.>
4 br6gsg63o ggq,ob 0rlrotr 0r'6gqxnbobr qr.: tJO6UCOU6ob cgo6JaoJl
5 ggq,ob E.rboL s66x6rgg0olr qn6,:0o3r
6 36er363q,o 6.r63ob 6oderboqr3s
7 bb3sq6Joieog3t6o3rn6Jo6r6o30obOo6erboq,3r
8 pgJeribogg6o3o63o6sgog6obOo0oboq,gr
9 0rnbXg,>6ryqo3crggo6o36gg6obqro6s8o3r
l0 6o63$.>t63q,o Joqro$o3ob b$5<n936$rn 616.:333oro
I I 3o0366ogq'o br63gbob 36ablrooro ,:i$o3xbott qt Jrlro3gbob qn6.:do3r
12 3rn0366ogq,o br63g6olr ltgbb3boUs cgr qpgJericoggbob 0o63qrobr qrr
l-r.:tsg.rq,o $q,og6o tsg$crboq,o b.rJ6o6g66r.r 6.16.1333o:36o
13 3rn6366ogq,o br63g6ob Eo36 6rggE3q,o 3.:qro.r6o ttgbbgboor
qrr3'>q'o163b't
v
14 3rn0g66ogq,o 6r63Xbob g.lqgs6rqrs6oq,3bgq,o b3lrbSboor qrr3sq,or$gb.r
15 Ur3rq,pgm brlor6bg $tl qmq,.:t6oo 0s6bo66oCq)g0gqo <nJg6,>gogbo
16 lt3rqpgobrlrr69rgg66ocnopbbo66o6q,36gq,o oJ36.:6q6o
17 5r63q''ooro 336trgbo: qrs6o/ststl (r'rq'r6r)
18 6r63q'ooro336bgbo: q'.:6ol33t6r'r
19 lrs6rqrrltbqr3q,obrq,s6lro
20 lsg6ottso6olrrn ltm633U$ogo<n Jobogos
21 6oqror6o br6r63r'r 3lqn
22 lrs6r6go 3rlt6rebs
23 gObb3oq,gbo ls6r6gcn bs3r]6rr Jr6g6on6o j33g63bo
24 g6bb3oq,3ttobralbJrn6gobJrsjo6q,ol6gg3bo
25 gEbb3oq,3lrobso0Jrn6gobJsjo6q,o2lSgg3bo
26 brgo6s6bmtr$6rnt6olro6Ugog3g3bo
27 U.>jr6o63q,r'rEo 0<nj036pn 3rn0366ogqo brbpbob bor 2013 $q,otr
I or636olt 0qr6rn0r6go0oor
28 Jrnac60ouq,o 6.>63gbob q.or2l6gggbr BUqreo lsbocn 6r6sqqgbgq,o
bs$3Lpg6o 3rJogrqob 0ob3q6oor 2013 $q,ol-r I o.>636ob 0qr6rn8.r63rnboor
29 lrsjr6o6gqmBo aoj8gqn 0o36obsgo6s6lro o66.:6o$rgogbob tror 2013
$q,ob I o5fu6,cfu 0qr6rn0s63rn6oor
138
1. do6oorsqro 0.r36og3cl6o0o3g6o 0tBp630q,X6o
Rxっ Oob
06o¨
2005
2010
2011
2012
l. 60rq,i$9o trdofl6o
60431
116209
207434
243440
261389
雪続
13625
26891
46757
54471
58117
ac6 wo6o
17934
32429
58553
74587
82443
096雪 満
18572
25854
23967
28777
29511
%
1018
1∞ 6
1∞ 3
1072
1061
¨
７
∞ ０
1112
︲
崚 ０
レ
３
０
A$ofoJaJ
UrRqxil Affi 66gr0ob J6<'r{,fi hff rr
aぃ ぃ
％
J6eK,3t1o
atB 36or Ugq't3
a6AfuJqxibd J6('lAulofftu
％ ％
6cla o6JqyJ6o aoryo56o BoG,r
0rAcrfuJbJ
6$q?6o Ad'q{N6o &'{gr
J6crAdodr $lSQrfr OCAJo
2. o6gq'rgor
bJAcrfrAr{588qr't g$Cod, o6('ftpo
brEA<rJq,C 0<'n0r6C6dr lr$c63q'o
Ac,b6rd,Cbob b$r.r6Jq,o
bt6a6dqr8o aclba.Jr6C0ol, bsicSJ(r,
96
1010
７
９
bial'rqr'r br666)dq'qg,8ot1
1157
1∞ 9
986
970
982
l llt1 9
1042
967
975
lCX1 9
1059
1013
3
96
1019
1042
ExAerb:$q'o
0■ ¨
26075
26186
昭
aqP5 qP50o
6402
0338
5421 5
bnfXo
54665
58259
aoJXJOol, ljrcllCf,Joffr l$qre(',
OqP5、 Po
X
450
6184
70639
66086
4553
X
8736
8493
5762
‑1936
110
● 186
2309
‑1209
‑3 2
01
●4
12
05
δ
O島03500
18407
17446
16201
16642
%
103
138
163
151
095呻 ぅ
1494
2726
5672
6170
M,rb.56JAJ
3.lr!bCq€B,A('rood?(,oo'
r6,J$6JAry6o sCO(BraoU 03(4oq,r6r
bo-JXrOoU As{,rrr6o U5q'4.or'l
0ヽ P5、
Po6o
096ぃ
JScAoOoOo(+) / ACACAq)o(-)
%
96-rp aoq,os6 aoq.: &5oAtdOo,JE
a. q',{uCACoJ
A'sljsCaCbUq,o
&.isbq'Ce6ol,
6o0tx AbclAJ
UAUAA6('lboU Am6J
5. lx'l(plet16o
o6eo.lrdcr65Do
A<'rbrbq'Jrrbclll oBrrJr6o tsUq'reo
AC6ctlls3rq,r,
aerbrbq'JcSd €6r,tsUq'r(rr
bsfrxo
飾
2467
3091
4977
5993
"史
。(¨
723
2
2
5976
6360
%
1071
1302
1073
1064
96
1226
1204
1002
980
1145
983
l Cll1 4
871
1992
1649
1496
1325
2509
∝
6('lffi Jq'36o bra3i(m brqypuo
e1&)6rqrJ6o b3qRJfn ffiAnlJ
ぐ
OCAJo
lrg$qr, AeftArq)b(xf$or:td,
LJAJo(lr'l r4.bolr$affu
Slrn6o:brCstqoEoqrf,
９ ３
３ ６
b$6lt/.Fo A*oOJAo (J..fxxr(rfu
afx'rAobrSsdrrJ6o a$.r.i5(toLrdred
¨
¨¨
ttr,(rf., OCAJo
1491
1321
2501
J6.€65qnUrArlqJ6rr;ts(Sr5lrc,rsusaScfro6xa
096o+3690o:
r) l$ffilt600qr} $LCAoU (6edlr)l, 6rbJe rqoalq'r,r SrtBCq'o g{5r $q'(tJ Ar$AOCdr,.
6) ac'brbgs"bott BCqrA ACAcIll.}3qlCAl'l Ar bsGMAU A,t6oL arblftBr$Ar bsa('lfumq'os oaoo, 6,rla A5&'Boob?qn a)trbCAo
bA,t6JA b6Jq,rQ s6 9fu9fufu6 ggq',>qr ts3Hr3q,3bL.
+) 2000-2005
fJ(r, - &JCen Jerrlr.AoJi0.nd,.
▼
139
2. bsA'r0Mrt6g0qm e.tt,cbou o6<e0ilJot ('o65AoJr
(fi6)oqd acJcffi(Elm)
1021
‑03
‑03
992
1∞ 6
906
992
1022
1035
104 1
1046
1011
1029
1043
1062
15
1026
1024
1027
1023
1020
Ю2
02
414
●3
lo1 8
●2
1
21
̀1074
31
lo9 5
20
1107
11
111 2
05
g
C
一
12
18
12
06
05
ll10 4
11
1011
C
¨崚″∞¨¨ ﹇¨¨
02
01
998
097
995
:3
g
υ
いけ¨嘔螂︺蜘¨嚇７
８頭６
８
９
９
‑01
C
９０ｃ ｃЮＯつ︒
ｃつ
つｏ
︐
︐
1021
1024
1000
1035
甦:
︲ ∞ ¨却¨﹁¨¨７
２
０¨
02
レ
口中中中¨ｍｍｍ¨岬¨¨
04
1002
1001
t
Ｏり
ｃ名ｏ
ｃＯ
ｃｔ３●
1004
E/
C
９″一８
︲¨¨ ３ 押¨︲
２
︲
︐
・
退
C
名
●
ｃａ８ ごｃ ｃ＾メｏ
︐ ︐
=
３３ｏ
一
一
¨
中
¨
一
¨
一
¨
¨
¨
●
ｐ Ｃつ
Ｃユ黎︶
ｏＲゴｏ
Ｂ Ｂ０３
色
tsJ.dol, ofu,aid, brila re[u3q{'r 865 5cxt a'cgad'o
8U56,('r l,s$rEBCqdi lSaod$oJotrCi',.!BEJq.('barrbx6o.
3. $qog6o oSgq'4or
-Af"ag6",lr"3.fts.6c<-
2012
¨
¨
一
¨
れ
中
¨
一
い
呻
赫
鞠
…
12 oB.tr
ue*"i'C"
85
31
11
77
01
72
7●
70
53
79
03
105
23
43
56
61
63
06
1o0
09
9o
60
72
回 ｀
●3
…
12 oB.l,
12
'8.,b
osqx'q'Ot lr.6Oe"
64
11
"崚
"8.f,
'aJ"-$
27
56
58
56
40
37
70
95
98
96
●4
もい 蜘 い も嗅ゝ
o3
92
97
12
t
"6o
70
73
70
78
00
16
19
22
26
27
28
34
44
52
57
64
12 oaotr
12 craou
12 oa'ti
12 osolr
a3q*{'Cdr LraJrq'o G3q,o(,36' lra3sq'o
123
137
139
135
143
100
05
72
46
23
19
100
108
1,3
114
1:2
100
‑21
75
62
48
35
‐
33
21
101
79
86
93
93
05
‐
2,
‐
22
つ2
13
06
07
̲o4
01
‑01
つ3
01
̲o5
05
07
140
∞００ヽ卜∞
Ｎ００Ｎのト
００卜ヽヽＮ
︶ＯＮ卜ヽ す
００Ｎ Ｎ
ЮＮＮＯり∞
ＯＮヽ０めト
ＯＮ Ｏ●ＯＮ
Ｏ哺ＮＯＮ す
００Ю００Ｎ
︐
Ｏ卜∞ 一凶 一
︐
００ Ｎ寸
Ｎ
トト００
ト
Ｎ００ す０∞
Ｎ卜００り
︐
Ｎ卜∞ ︶一︶
∞卜Ｏｏｎ
卜ＯＮＯ一ト
す００トト∞
゛∞Юヽ∞Ｎ
︐
０い００︶一
０ヽ０００
０００ヾ０卜
ＯＮ０００ト
∞００ヽ国 す
ヽＯＮ∞∞
０００卜∞Ｎ
〇ＯＮ∞卜Ｎ
ＮＯす００∞
ＯＮЮり０一
す０卜０００
０寸ＮＯ卜一
トト０∞卜一
ヾ００００ す
Ｏヾ ００卜 一
０マ寸一〇〇
ヽヽ やヽ 一一
Ｎ００Ｎ
︐
ＮＯ卜０ 卜Ｎ
０
︐ ︐
〇０寸ヾΦ 一
０００ヽＮす
〇〇︶０〇一
０卜ヾ０ヽ一
０卜０００ト
ヽ０〇 一Ｎ∞
り０一マ０〇
∞い０００す
００す０マ一
トリ００トト
０卜０∞ｎ卜
一一∞ヽ∞Ｎ
す００す一︶
０∞∞一ヾ一
００い００ト
００卜ヽＯト
卜０りヽ∞Ｎ
︐
００００Ｎ 一
０００ ヾ や
︶Ｎ ゛一トト
マ０ す００ト
ヽＮトト∞Ｎ
ＯＮ０〇一 一
０卜ЮＯ寸 一
０ヽり∞一 ト
∞ＯヽＮＯト
︐ＯＮ∞卜Ｎ
寸
︐
０ヽ０〇 一
０ヽ００め
０∞ヾ 卜００
０∞０トトト
∞００Ｎ
︐０Ｎ
の０
゛すＯＮ
Ｎ すＯＮ
Ｏヾ０〇 一Ｎ
すすＯＮ
Ｎ ゛Ｏ Ｎ
Ｏ ＯＮ
の︶す
００Ｎ
ヽ 一一 すＯＮ
Ｏ卜Ｎ 卜 一
ヽ卜００００
ＯマヽＮ∞Ｎ
ＯＮＯＮ卜Ｎ
ＮＯり∞りＮ
りヽ０∞０ 一
一めヽヽ ゛Ｎ
︐∞ 一
０トトト
口０００∞一
Ｏマリヽ０ す
Ｏ や０卜 ︶Ｎ
Ｏ すＯＮ
Ｏ〇一ＮＯ一
∞卜０００Ｎ
一すＯＮ
ＮすＯＮ
∞ＯＮす０
卜 ゛Ｎ００ヽ
卜Ｎ∞００い
０ すＯＮ
Ｎトト０〇一
●０ ゛ヽ０ ︶
Ｏ００マト寸︐
す
００００
ゆヽりヽ一Ｎ
トト一∞ＯＮ
０ヽい∞ＮＯ
Ｏ∞０卜６０ ゛
∞００Ｎ
︐
∞ヾ ００〇 一
︶０ す卜の す
∞Ｎ卜０ヽヾ ︐
∞卜０一０ ︶
卜∞∞卜の 一
ＮＮり一〇０
０００Ｎヽい 一
︐
Ｎヽ す０００ ︶
︐︶
りＮЮマ∞ 一
０００ Ｎ
卜∞００ヽ０
ＯЮＯりい０ 一
０ヽＮＯヽ す︶
卜ヽや０や０
〇０∞∞Φめ
０ヽ００ＮＮ 一
０マヽ０マヽ
∞ＯＮゆ∞ゆ す
︐
︶ヽ す一
∞トトト０マ
０〇 一〇０寸 ゛
卜０
一すＯ Ｎ
Ｎ すＯＮ
０卜ＮＯＮヽ
︶０ 一ＯＮり 一
す００Ｎ すヽ 一
︐卜∞Ｎ 一
ＯＮ 一
゛寸● ００卜Ｎ
∞０００００
∞∞ヽＯＮ一 一
ヽ す卜∞０ ︶ ︶
寸 ０ ︶ＯＮＮＮ
Ｎ∞ 卜０∞Ｎ
∞りＮ０００ す
マ∞０ 一めヽ す
ヽヽい す０〇 一
一〇〇０ 一∞Ｎ
∞００Ｎ
０゛一∞ＯＮ
Ｎヽ０卜りヽ 一
ＯЮ∞０〇 一゛
∞０ す０∞ヾＮ
す０卜 ∞ＯＮ
ヽ∞Ｏ〇一す
Ｎ劇０一∞０ 一
卜０ヽ００ヽ で
０りＮ∞ヽ∞ 一
一∞０ 一゛ＯＮ
卜∞ＯＮヾＯＮ
ヽ 卜００∞ ︶
ＯＮ∞ＮＮ∞ 一
０００００〇 一
∞０ す゛ＯＮ ︶
〇０め ゛００ Ｎ
〇〇０ヾ０ ゛
〇ＯＮ ゛∞０ ゛
ヽ００ す０い 一
卜ＯＮＯ す０ ゛
Ｏ一〇〇〇ＯＮ
〇０∞０卜 一
Ｏ卜００卜 一
り０ヽヽ０∞一 ∞ＯＮ００〇一
０∞００〇一 一
︶卜 一∞０ヽ ゛
ＯＮ卜りヽＮ ︶
リトリ ヽ卜ＯＮ
卜り ＯＮい 一
卜一卜ＮＯＯす ０００００り
ヽ卜∞ゆＯＮ す
ＯヽＮＮＯヾＮ
０ ∞りヽ 一
０寸∞００〇 一
︐
Ｎ一〇〇０り一 い００００ｎ一
Ｎ∞ す０∞ヽ ゛
Ｎ０００トトＮ
ＯＮ∞Ｎ卜一 一
寸のヾ０り∞ ︶
一〇０卜０∞ ︶
０ す０寸い０ す
ＯＮ卜寸 ゛∞ 一
卜Ｎ 一０ す０ す
０卜ЮＮＮＯ ゛
ゆ卜 ︶寸０卜 一
︐
一卜 すＯＮ∞ ゛
ＮＯＮ∞卜め
一卜ヽ０ヾ ∞ ︶
す００ＮＮ卜 で
Ｎヽ０ ゛ヽ● す
００００トト 一
マ寸∞００〇 一
ＯΦＯヾりヽ す
Ｏ∞０００卜 ︶
卜００ Ｎり０ 一
Ｏ卜０り０り 一
Ｏめい０ 一卜 す
〇〇ＯＮ
０ すＯＮ
０ すＯＮＯ 一
卜 一ヾ ０い０ 一
Юい０００〇一 ０∞ゆりＯＮ゛
０∞０卜００Ｎ
００卜∞ヽヽＮ
∞Φ∞ＯΦＯ 一
一∞一∞∞゛
０い０∞ 一０ 一
マ００ 卜∞マ 一
００卜００∞︶ ∞ＯＮの０∞一
Ｎヾリト０ ０
∞ヽＯＮヽＯα
ヽ０一卜ＯＮ
ヽф いＯｎ 卜 一
卜 一すい 一０ ︶
ＯＮＯマ０００ ０ヽＯЮ∞Ｎ０
︐Ｎ
∞∞０ 一ＮＯ
０ 一Ｎ∞０ 一
０∞ 一∞ 一０ 一
ＮＯ ゛∞ヽ Ｎ 一
一∞りヾ００Ｎ ０００い０一Ｎ
Ｎヽ 一〇 ０ヽ
∞∞ ０卜りヾ ︶
０ ︶Ｎ 卜一ＯＮ
卜の０卜０のす ＯＮ卜寸い０す
ＮＯ ゛０り∞ 一
ｏ名Ｐいちｃ８シｏ３９シ６Ｓ
Ｃやｏ∞の︒﹁εＯＣｏ υ Ｏい ｏ９ シう０
︐
６
慇 ３∂β ｃ３８ ｏ
ｏ′ ０のやｃＣ の︒いｏ Ｃ Ｏ●ｏ９ めε つつのＣ Ｃ
００ 卜００Ｎ 一
Ｎ００００りＮ
一︶卜０い０一 〇ＯＮＯ一∞す
０∞ ゛００卜 ︶
ｏつＣＯうめｏ９ つｏＣ０ ０ ﹁ｐ ＣＯ つ の２ のつＣＯＣ レ Ｏ ｏＣｏ つｃつつ〇 ´ｐν Ｏ
︐
８∞Ｃｏ′ｏＣの´ 尋
︵ｃｃａ υ ｃつｏ６ ０ ｒｅレ ＣＯ コｃａ ｃｃｃｏｅ
∞０ ０Ｎ
ＯＮＯ一〇０一 ヽＮり∞Ｎ∞一
︐
マ ︶０００Ｎ０
０ ００りヽ０ 一
Ｏ す︶●０
︐
Ｎ卜０ ゛０ ０Ｎ
Ｎいい０卜一 一
い０ ヽ●０卜 一
ＯＮ 一一∞ＯＮ
︸∞ ０倒ヽ０ ︶
す０ ０ヾ 卜∞ す
卜 ︶∞ ゛卜∞ 一
▼
141
一リト一め゛め
∞０めヽ す００
トトリヽめ∞０
卜∞ｎＮの０ 一
︐ ︐
０
００りＯＮＮ
０ ０００Ｎ
０ヽＮＯ卜０め
０り０いヽ∞め
ｏヾ∞∞０卜 す
０００りＯＮＮ
Ｏ卜０りの す０
∞００００Ｎ０
す一Ｎヾ ゛∞０
０００ヽ∞０ す
卜ヽＮヽ卜 一Ｎ
∞０００ヽＮＯ
０００００００
ヾＯＮ∞０卜∞
めヽ∞Ｎのゆ 一
●０ヽＮＯ 一Ｎ
■ ００ｏ∞ やめ
Ｎ卜０ すＯＮ∞
一卜０ 一い００
∞ヽ０一 一∞ ゛
ΦＯヾ０００ ▼
０卜０∞０ 一〇
ｒ∞卜ヾ∞００
Ｎ０００ヽ００
︐０卜 ︶
︐
●０∞卜
ｎｎＯ ｏ∞
０マ∞０ 一ＯＮ
卜い０ヽＮＮＯ
卜∞０００００
０ゆ卜 ︶の０ 一
ｒ∞∞∞り∞ ▼
Ｏ倒 ︶い０ヾＮ
一ヽ∞００００
０００００ｎ一
゛０００卜∞ ゛
ヾ ︶一一製∞ ｒ
００りヾヽヽＮ
０〇一〇〇〇〇
ｏ∞ｍ す０〇一
め００ＮＯ卜 一
∞ヽ０卜００Ｎ
︐
∞∞ヽ００ヽ
Ｎ
０ヽヾ卜０ ０
∞ヾ卜０卜Ｎ∞
０∞００卜∞ ︶
００ ゛ＮＯＮＮ
︐０
卜ヽＯ∞∞ヽ
︐
００∞トト ０
００ 卜Ｏα０
∞０ す０ヽ ０
卜０卜の∞ ∝倒
Ｏ ゛Ｎヽ すめ Ｎ
︐Ｏ
︶００ 卜Ｏ Ｎ
０一〇 ｒＯ
∞００ Ｎ
０００ Ｎ
︐す０ 倒
Ｏ
ＯＮ０００〇一
卜０〇 一０∞ 一
０ヽい卜 ︶ヾＮ
∞Ｎ ︶０ ゛Ｏ ｒ
一〇０∞Ｏ〇 一
∞∞０ヽ∞ヽＮ
卜００卜ＯＮ ︶
卜ＯＮ００〇 一
Ｏ∞０００ヽＮ
０∞０∞ＯＮ ｒ
︸Ю０００〇 一
卜ＯＮＮ寸ＯＮ
︐
︸ヾ０∞ Ｎ ︸
い一Ｎヽ∞Ｏ
００００００Ｎ
い０いヽ卜Ｎ 一
００ヽ０∞卜 ゛
Ｎい００ＮヽＮ
ＯＮ ︶ヾ ゛Ｎ
ヽ００∞ヾ０ す
０〇 一マ∞ヽＮ
ＮＯ卜 一０ ゛
Ｏ００００〇 一
００ＮＯＮヾＮ
Ｏ卜ヽ０ 卜Ｏ ｒ
ＮＯヾ ▼卜∞
Ｏ一０ リ ト０ ゛
Ｏ卜∞ヾ ゛ｎ 一
卜０り∞００ Ｎ
０００ Ｎ
０ すＯＮ
一 すＯ Ｎ
Ｎ すＯ Ｎ
すＯ Ｎ
Ｎ すＯ Ｎ
Ｎ す００マＮ
Ｏ
︐卜ヽＮＮヽＮ
∞
り０∞り０〇 一
マＮヾ∞ 一め 一
す００Ｎヽ∞ ︐
︐
︐い０い００
卜
∞０マめ００
〇〇ＯＮヾ ︶︶
ＮＯヾ００Ｎ
∞∞ す０ヾＯＮ
︐
ＮＯマ一〇Ｏ ｒ
ヾ００卜 ︶∞ ︐
寸０ す０ すりＮ
いＯＮ卜∞０ す
〇０∞Ю卜Ｎ 一
∞ＯＯ Ｎ
０ 一∞ ｒｒ∞
゛ｒＯＮ
Ｎ ︶ＯＮ
０∞∽Ｎ∞Ｎ 一
Φ卜 一∞００
０ すＯＮ
卜∞ＮＯ ︐
一∞
︐
０００∞ヾＮ 一
０００Ｎ
０∞００卜Ｎ す
０ヽい０∞Ｎ ︶
トトＯＮｍ ︶一
∞００Ｎ
ＯＮ すり０∞
０ヽいヽＮＮ ︶
∞０ヾ す００
００Ｎ∞００ す
卜Ｎ∞０卜Ｎ ゛
ヽ００Ｎ寸 一︶
Ｎ す００００ ︶
０卜の０∞∞
Ｎ∞ＮＯ∞ ｒや
∞００ す００
一 マ０ ︶ヾ ゛
０卜一０卜Ｎ ゛
ヽ 一∞０∞ 一一
ヽ卜ヾＮ卜０ ゛
卜０００卜 一す
ゆ００∞ Ｎ ゛
０卜 す００Φ
Ｎ卜ｎ卜 す０
〇〇０トトＮ ︶
︐Ｎ 一
い０卜０ ︸
∞ＮＯＮＮ 一一
Ｎ∞∞００∞
〇〇０ヾヾめ 一
０ヽ０卜 Ｎ 一
い０００００ ゛
マ ゛一〇ＯＮ 一
∞Ｏ ｒＮＮ寸 一
００∞∞ヽＮ 一
︐Ｎ 一
︶ＮＯ寸Ｏ
ΦゆヾＯ ｒＮ ｒ
︐
０∞卜ＯＮＯ 一
卜ヽ卜寸００
∞ＯＮ０００ す
０ゆヾ００Ｎ 一
Ｎい０一〇０ ︶
∞ ︶一卜● 一一
０●ｏｏ００
︐
０∞０ すヽ０ 一
卜り０ゆ 一０ す
〇０すＯＮＯ ｒ
ヽいヽＯ∞ 一
卜 すＯ ｒや０ す
００マリめｎ す
︐
∞一卜めヽ０ す
６ 一ヽマ０め
∞ヾ∞ｎ卜０ 一
卜０マｎＯＮ 一
ヾ０ヽ∞ＯＯ す
０卜 一∞０ヽ
一０ヾヾヾ０
卜 一卜００〇 一
︐
リトい０∞Ｏ ｒ
０●０００Ｎ ︶
卜り０〇 一〇
ＯＮ００００ す
︐
∞ ︶︶∞０〇 一
︐
卜ヽＯＮ００ ︶
０マ∞０００ ゛
ＯトトЮヾＮ す
０り０ す０ す一
Ｎ００∞０ヾ 一
ＯＮ０００Ｎ ｒ
００００ ︶す
００マ００ す︶
Ｓ ｃ０ ０ レ ６
ｏｃ Ｏ ｑ ち Ｏ
ｃ３
０ ｃ′ ε ３ ９
６負マＰυＯ∞ υいＤ∞ＣＣｏｃｏのＯｏ′Ｃ３ ９
︐
０００Ｎ卜め す
０００００ ゛゛
︐ｒｒ
０●０マＯ
︐０卜Ｎ∞
ｎ卜∞
００ ＮＯ∞０
Ｎ∞トト０ Ｎ
一０●０００Ｎ
０ す００マ一０
卜りヾ０ や００
０００００ヽＮ
ＯＮＮヽ∞ＯＮ
一ヾ 一ＤＮＯＮ
りヾＮＯＮＮめ
り０∞０い０マ
ゆヽ∞ ＮヽＮ
卜ヽ ゛一〇ＯＮ
Ｏ●い０りＯＮ
卜 一卜のマＮ∞
一０卜０ す０ヽ
︐Ｏり０ す
卜ＮＮ
い０ Ｎ ゛０゛
寸ＯｎＯΦ ︸０
∞∞ す一Ｎ００
ＯＮＯ一Ю∞ す
Ｎヾ一卜００Ｎ
マヽＮ０００劇
０寸ＮＯ∞００
０００卜 一０ 一
す００ＮＯヽＮ
ゆＯＮ ゛００Ｎ
０〇一卜００〇
∞ 一〇０ ∞ ｒ
０００ヽのヽＮ
一卜００００Ｎ
一Ｎい●ΦＯ一
トト０∞トト ︶
マ●０００ヽＮ
００Ю 一０卜Ｎ
Φ００００００
０ヽ００００ す
卜 一一ヾ００Ｎ
００Ｎ ︶∞卜Ｎ
０卜ゆ 一一卜０
０００Ｎ００ や
ＯΦトトＯＮＮ
００卜ＮＯ卜Ｎ
一 ︶卜０●００
０００Ｎ
Ｏ ｒＯＮ
すすＯＮ
Ｎ すＯＮ
︐
０一●ＯＮＮ ︶
〇一〇〇〇０ す
ＮＯ す０００マ
い０い０∞卜Ｎ
︐Ｎ
０〇 一す００
︐
マ∽哺Ｎ∞０ 一
０∞ す０∞卜Ｏ
ｏｏ す００ Ｎ
一ＯＮヽ０ す０
トＮＯＮヾＮヽ
０ す００卜０い
卜∞●いヽ０ヽ
００ すり０００
Ｏ ｒめヾ０ す卜
０一０ 一∞０ヽ
Ｎ００卜∞００
ＯＮ００００ヽ
０００ＮＯ００
００のゆ∞卜り
ヾり００〇 一ヽ
０ＮＯい 一〇〇
何０ヽ卜０∞●
０００００∞一
ヾマト す０∞０
ヽヽＮ ︶００ヾ
〇０卜一〇０ヾ
ヽ０ 中ＮＯトマ
∞∞０００００
００卜∞ ︶ＯΦ
０りＮ∞００ヽ
００卜りヽ ︶ヾ
●∞０ すＮ卜ヽ
００卜０卜０一
０００∞０一Ｏ
∞００Ｎ
０００Ｎ
Ｏ ｒＯＮ
すすＯＮ
Ｎ すＯＮ
イ ∞ ｏＣ Ｏ Ｅ ２ Ｘ ｗ δ レ ﹀０ い ８ ６ Ｃ Ｏぃ
Ｒ ｃお ´ｃ名 っｏ′８３８
ａ目︶ｏ
︵
９Ｃ ｃシＯｍ
ｃツシβ ｃレ●３つｃｌ８ ｃお つｏ８甥ｏ
ヾりＮ０００倒
︐Ｎ
０い００卜Ｏ
∞ＯＯＮ
Ｏ∞ヽＯｍｍ一
一〇０∞ 一 Ｎ
ＯＮＮ０００ す
ヾ００ヽ ︶ＮＮ
０ヽい卜０∞ト
卜∞ｏ●０ す０
０〇 一∞ＯＮヾ
︐
∞ Ｎ∞００Ｎ
い０卜 一卜０卜
い一Ｎ ＮＮＯ
寸∞∞０マト０
︐
の ︶ｒＯ∞トト
０∞０ ︶∞●０
︐ｎ卜ｎ
∞ＮＮＯ
マ ︶ヾ ゛ヽめヽ
︐りＮ
卜ヽＯＮＯ
のΦＯＮ一トト
ヽいＮ∞０い０
トヾＯＯ●０一
０いＯＮＮＯ∞
ヽ０ヾ００寸Ｎ
０りヽ∞マ０卜
ヽ す００ЮЮり
０● 一ヽ卜∞リ
０００〇 一寸
Ｏ ゛０∞卜ＯＮ
∞い０〇 一卜Ｎ
︶∞ＯＮＯめり
∞００ＮＯ∞い
００ヾ∞ＯＮ寸
００マｎＮり
︐
トトトト００卜
卜め００トト０
０ヾ∞Ｎ００
︐∞０マ す０寸
∞
８ё ０ ０
い００００ す０
０〇 一ヽ卜めヽ
Ｎ∞００∞０ヾ
∞め卜∞０一卜
卜００００卜ヾ
︐
Ｎ ︶い０００ヽ
︐
０●ＯＮ００ヾ
︐
の００ Ｎヽヽ
のりｏ
レ ｃ■ ６ろ ¨
Ｃ Ｃう
つεレ ｃＯ ｆＯ ｃＦЪ ｅ
めっＣＯｏ一９ ｙ つＣＯ一０ ぅ︒ｏＣＯ● ´Ｃ´ぅｏ つＯ υ ｐ ｐ ぶ
142
6. 36o363q',o 0163o11 6o0<nboq,gr
(sor.>lro q's6o)
$aoEAD UOb(,)U6,o rCOrBCbo
ggkrcCn sjq)%CBo
0101 12
010412
010712
011012
010113
3359087
4709419
3393581
4681000
3428226
4580031
3767342
4839211
3802709
4760947
373034
4334279
2106
‑1350332
‑1349713
382989
4292715
5296
.C6c,
E$CUb<'rAob UJ5goiq136o
ggq'C0C0o (6Ug)
UOb(,lUfx) gre-Jor
bbBr 6krU(6o rj6qgbo
gOUrUFn Brq\AC&JqgC6o
Ubg+ 6Cb36rrC6ctl 6rAogC6Cb)
Itbgs ft bogt6o 3rq,qC62q'gbC0o
619
359740
368542
366645
4215233
4467726
4392986
5058
2944
1316
‐
‐
‐
1287419
1151806 ‑1071870
958238
‐
‐
‐
1286297 ‐1149771
1070542
956612
‐
‐
‑1122
‑2034
1328
1626
458013
‑750949
‑70395
‑240800
る 52438
‐
393458
70395
‑240800
l$br$c6('t grqtaCauq'CbCbc,
bibbcbo CJEOtr rql3tr, ao!$(q'lbrb
687359
3
680421
3
OCEOfnq,Jfn aorJ36(,bou (0hbr,6Cao
lrdrwo C06of,r<I3(rr) AoNBdx',A(4'rs
‐
757756
0
0
‑393458
481640
‑356264
‑356264
416777
416777
‐
921223
597804
3
‐
991265
538239
3
394505
530479
3
‑947● 59
0
0
0
o
O
0
0
0
o
0
0
o
0
0
o
0
0
0
0
0
0
0
0
0
0
o
0
0
2671
0
0
2514
0
o
2356
o
0
0
0
0
0
0
ArbJCbob $dr,6er q'rSrq'.,r6Cbr
28622
‑543243
‑342147
bJEJCAdJ q'BJq,oJ6Cbr
13505
14005
442128
‐
557248
240039
‐
582187
'''1
0
‐162675
400063
‑562738
2C63
0
‑171789
391076
‑562865
0
38334
2901072
1753584
1147488
752332
752332
164433
9304
0
30579
2642387
1542650
1099737
760194
760194
222443
9909
0
80812
2775362
1606258
1169103
821984
821984
272620
15599
0
35078
3285540
1999238
1286302
891592
891592
335152
25175
0
39110
3255314
1918059
133、 口′5
874358
874358
270702
70788
230723
117100
74500
59558
192195
2
245
245
426
426
161
161
2
2
$Ao6qr) Ura(,6r(, iCOoSCAo
ao,A6{rbob SAo6eJ q'r0)q'os,6Cfu
OCSO6JqI3I6(, A.,,J36(,,bdr e'€rq,or6Cb5
cqraoqxrad% Aor)S6clbob SAd(,r (rJBJq)orECbJ
lrCbbCao J('aoq,ob6rB aorJ8tScrbJlr
rq6oqnbt6c6o aor4r6r'rb.iJ AC&'r.b.xJ06o
brbCq,AF,B(,r r6rb€o6.r6lro 3cr6Jgr6.r6oX6oL qr>3.:qros6g0s
aro, Asfrob LCbbCbo ggb('tg6o g.rql6vr
bb3J.!fiJljrts(,6rtilx, Jstr J('f',JOoCi!.{, A'l3.lqt)56C6J
tuo, dcx6ob ljcub06o Uctx'rg6o g.:q'lJgoor
go'bogfnJr6gar qrgrqu6Cbr
Aro, Ac6d, LCUbCbo UOb(,,U6o 3J(PJOoo,
Brqlqtrb3e,CACbo bJ6g0olr go6,:43
‐
547393
V0
0
grq'A'CAUq,CbC6o 6'Ctq.ogft)o goErSLUFr, o6booo30Cbob
$oEsBg
bb3J $Aobq'r rCO.rJCbo
tt>69'bX6go g2q'o
C6re€63q,r, Sre-Joit 0r6r.rig6.>do
brEJCbdJ eDro'bq)Cbo
l$gJqp6b3qxr 6C$CftCAo
6.:or ?o6rtr g6b('ry6x, g!E-JO.ro)
6,rtsor36ob lr.r3r,r66lrJ<r6q66oo J66JSoaCAta
6.ror tser6olr: g6bog6ro Arq-JOoo)
Ub3r ACJt'rtoOCOo
翡Q゛ Ob000 3。 でで 甲ob960
■Ч 馳Ψ。ぃ側 o。
'つ"
oobO■0い 悧 000
0
0
0
0
0
2
0 0 0 o o
143
). fru3r r9ga.t.,ggt5o 3o6Jo6.:go3botr Oo0erboqr3s
(sorsbo q':6o)
Fdq'r flOb("U6., sidooCao
f0b('rU6o grqPJ6o[, 6CtC6BC6o
UCb<'tU6o ts.>lxt.:Eo dceoqtlrCbo
o63Cl$r5oC0o lutq3tfr6.>6Co,
lrCbbCbo rtr'J60turc#O00tC
Utsb('lu6., Osq\.oCACq'CAC0o
Ub3r Fo6q'r f0hr36o r.JyBC0o
$&,6A'r brAr6x'r JCdr6Cbo
Ao,l36xrbdl $&6A\, (TJBJqxTJECDJ
CCEdfIrq,1C6., aol:6$e$ob Sadq'r (NSrqrr$CAi
lrJbrto6(', 3r<'q'Cb"Jq'CDC0o
lrCLbCao OC6Of,rqPJC,
Ao€6rrartJ
GC0Ot6tq-JFb aorJ06,(',8ol, A,Clt$oOOAo
AdrSl:o,! Urao6dl$l6ob lrCbbgbo Jgf)det 0ot6dxtu
V
AJfuoo,J60aolroBob
sq,Aoqx'$rr,qo Aorr6&rbdJ $Ao6A'J At6rq,cls5Cbr
bClr$, .:q6oqxe06% aor€6xrb$-t
Jq6.{'nbf,cuo aor€dx,b(,b q0&'l$(xJ06o
AdriqCoo J6e,OrEdCbo
tl$CqffiEr.r 1,6,J$RoEJAx'l J(.t6rJ(,6rrco0S.tj A!)SJqr,Jfob)
As, Aof,ob UCIrbCbo UOUr:J6o Srqtdoo,
Ubgr !6i$EoSrdtcr Ja6Jc,t6rOoCAd,
qs0!qrrr6C6,)
aro, aefrrl, lrClrbC0o g6berydn 3.rq-J6oo,
goto3g6o Jr6gad, q's0rq,oJ6Cbi
Ato ffi,b babbgOo Ugbe€frl Srq1gOrE,
JC6d'r Uftl$i{5dJ llb3r qr6Jq,os6Car
br6JCbol, 60DCOACAo
q'r,6o \'st6o6o
t s0rq'Q[ouqi9 6,cbCdBC6o
6raorC6o t$o60lrJc,6aC60rD reaf6oaCbbc
A$3gbob @o6qu q''8rq'or6Cbr
UQ.r tr>qo3*rtogo 3('l6J('l6r0oCbob A!)Sqrrr6Cbr
3sq,('ClCq$CAo Ub3,) qo.JJcrto$U6o Jctar,Jc\r,JgoC6oL
Ac6rtf:or
0101 12
010412
‐
2450601
‐
2582908
010712
01 1012
0101 13
‐
2799193 ‑2392462 2823999
814371
613186
473113
1085278
109
47
143
0
0
15479
91783
‐
3350805
16674
95887
10460
134476
10881
140014
‐
3281941
13834
100007
‐
3346155
‐
3577611
‑21538
‑26761
40136
● 5065
4042863
49313
8109384
197401
391482
520925
59108
8137580
139789
392048
489958
36708
8697661
195871
473640
518364
42164
8548074
245808
459403
519166
42241
9177708
337243
527902
526468
52197
‑175702
‑119687
‐
73658
39171
‑37910
‐
12848
‑158022
‐
14932
‐
13230
‐
12833
‐
12853
‐
228789
‐
254167
‐
181166
‑135760
286
531
465
‐
158553
‐
229254
407
‑254574
347
‑184513
‐
36059
‐
23470
23602
‑32429
‐
54900
65669
47597
4706355
3575686
2927889
1655058
318995
75130
55200
4751990
3573628
2992057
1681701
326323
75219
53525
5096125
3812306
3161806
1740338
433833
78507
66633
5155927
3910177
3321012
1811795
384965
74460
57013
5194299
3965455
3415852
1810215
398987
1231738
314593
752712
164433
670184
580900
1214817
265822
761157
187838
705773
485348
1357535
1593068
1513674
262225
822763
272546
432196
461962
365893
368031
892035
335140
241301
410139
874940
270702
382730
480408
‑570075
475124
446523
‑390446
461488
622386
755089
●00777
‑391279
‐
2472514 ‑2139537
1769402
1800499
4241916 ‑3940036
lrCkt qr$Jq()JECbr
672945
709818
grq'rA6bgq'CbCbcl IrCHJ So6rAC
‐
13586
‐
14269
657045
‑240287
‐
2008846
‐
2068300
‑2054924
1647980
1698997
‑3656827
‑3767297
1739634
‑3794558
bfur Ag\a0o, $ao6qo
trfus .rjgr696o
ttb3.> 3.>q\0&JqtbCao
1117232
‐
136046
UCbbCoo Uhs 6Ct(Ntc6Oo.:ttubgo5.fx'r
Jr"6r&"6r0oC&N'i5
ggq'lqn 6stf,.tu o&0tarCaC66Cbo
bbBr 3rq,qoobeqiDCao
t-t>p3&'l$o6o 3Jq,(,CbUq,C0C6.,
CFxrS6Cq,(, 3rq"JgE
"い
つ63。α 力 ∞
3314598 32′
‑153197
‐151584
‐
150327
‐
200965
‑3302664
‐
203021
‑3412691
‑123661
‑3520570
5658783
2344186
3314598
‑154513
‐
507263
‐
151119
‐
3583140
3717983
5554672
5898467
6155612
2283924
2341780
2417378
362
0′ 48 35b66じ
3270748
3556687/ 3′
3738234
6353709
2519132
0し
´ b/イ
3834577
‑70934
t4
8. qggJobogg6o 3tn6Jrn6rgoSbot-r Oo6r.rboq,3s
(sorrLo qrst9o)
010112
010412
010712
01 1012
0101 13
$Ao6(D U6bet3frl rCdr6Cbo OCb)
908486
3359087
$ao6qu g6bog6o.:joogCbo (lrcJ)
‐
2450601
3393581
‑2582908
6189291
6021071
8148584
8047004
127006
‑70395
‑101011
‑197587
‑393458
‐
110456
‑79534
‐
240800
‐
356264
416777
391482
392048
473640
459403
527902
0
0
‑158022
0
‑228789
0
‐
181166
0
F.,6AD U6b<r.Cdrr sCOTSCAo
Sao6(D l-$Act6r<'r JCSBCBo
Lr3o6r'r lrClrbCAo
Ao,r8fx'lAd $ao6Es qA3Jq'oJbCAr
OC6d6,rqurr) Ac',€6,(,bc,tr gadqD (r$Jerrr6Cbr (bCA)
OCEOtrr)qlCFn asrr3(rrobob SAoEq'r (ngiq,cD6&o (bC.o.l)
Jq6oq{r06%o Acrr€6crb.,ll $0o6q'J q,JSsq,c,JEC0J OCb)
rA6oq'ob6%o aor.y3ic,c,bd, Sa.,6(rJ Ar)BJgoJbCbJ 0rcJ)
Af IrRCbrl JrmOJ66C0o OCb)
810673
978709
3802709
629032
3428226
‐
2799193
6613894
8571752
1374880
3767342
‑2392462
‐
2823999
6414239
8832176
6925030
9006128
‐
254167
0
0
0
‑36059
り 3470
‑23602
0
‑32429
135760
0
‐
54900
LrtrCq€fr,g(,! t6rbr$)6!6lx'r 3tr6J<'rr6qogbctr q'iBJq,(rrECbJ
lr:,b3q'A$ $.r rdriJrAo6JEUo Jt'r6Jt'6JOoCbcr0 q'rgsqnJ6Cbr
65669
75130
75219
78507
74460
ocb)
t$U3q'Afilgo rtrrrbrgo6J6lro J<r6,lrr6i3oCAob St6rq'nJ63br
0
0
0
0
0
65669
4706355
75130
4751990
75219
5096125
73507
74460
5155927
5194299
AoUJeC0o Jt+,<'tcC6OCb., (lrAJ)
(re;)
bbAJ r6JJJEobJbLet J(16J{'I6JOoCOoL
(,.y3lq{,J6Cbr
UbBJ 56rbJEobJdjc, Jofrle)(t>6o3a< q'J3Jq,(,JECAJ OCA)
Ub3J J6dlJEcf.rflx'r Jt'r6,Js6sGoCA.,L Au3Jq,oSCa" (rq.".t)
0
0
0
0
0
4706355
2930560
5096125
3164162
2350
3161806
433833
433833
5155927
5194299
3417915
2063
3415852
398987
‐
1957857
tso$o336o,fr:f,Cbd, (ogrq'or6Cbr (t Cb)
2671
tso15c,JU6o Jo€,Cbdr (l8rq,or6CbJ (rcJ)
2927889
318995
318995
‐
1959293
4751990
2994572
2514
2992057
326323
326323
‐
2025932
‑1537776
‑1612401
428622
tsobJgfr, Jo606ol, A'r8rqxrr6Car
JC6do lrdocldnL Lbos qNBrq'oJ6Cbr
JC6do lrel6d6.,b Ub3r (t6rqrrbC0r (lrCb)
UbAs AUbq,COo, $&r6er
UbB,, ACbq,Cbo, Fo6e'., OCb)
ArEJCbcrlI $ao6e$ Argrq'or6Cbr
V
3323233
2221
3321012
‑1430439
384965
384965
‐
2417937
‑1413899
‑1469934
‑543243
‑342147
‑162675
‑171789
0
0
0
0
0
‐1147488
‑1099737
‑1169103
‑1286302
‐1337255
398987
‐
2081098
ArqreClUq,CbCAo €,ClbrctrEoo tso6.56uU6ro oSlrJoOUOCbob
ft'6sag
3rq,(,Che'CbC&, bb3r eC&.tbodU6o Jo6Jr-6rOoCAoU
AcfJ6cr)
Lb3J SAo6q'r rCO Sbo
38334
30579
80812
35078
39110
ttb3r aUbq,CAo, SAoEe!) GAJ)
421517
413531
‑527418
‑1004038
752712
761157
892035
164433
187838
670184
705773
‐
2068300
6831744
3560996
2949511
822763
272546
432196
‐
2054924
7242927
3686240
3011487
61 4
87漸 0
6.rBor9bo b3e6gl*r5q66$sr
r66r5.,BCbtC
br6JC6ol., Fo6(,r q4rq,or6Cbr
bQ.: ag\pao, gao\u
‑2008846
Ao536rQ3qt).>6t696.:6o (M3)
7097777
3783180
3137907
AeECOr6,"qr, %(c,enJo (M2)
A('l6CJ")(?Jq,o r66,Cbsoo (Ml )
br6JCblj bJ6,Co, J6,bCAgqr, 6JeC9o tsCqn(Mo)
1438992
1276827
1344033
aCJotqjCAo As,orb('lg6rAeC C&19fu q, Arq,JOsAo
1698916
645272
3314598
1672683
611485
3270748
1667454
3rQnJ6c, A0&rtq5COo 3t5o36gqro 3rqp6ur
674753
3556687
335140
241301
‑2472544
270702
382730
‑2139537
3383881
7903739
4069162
3336948
1633345
1750536
667003
1550028
1786920
732214
3738234
3834577
7789119
4050385
145
98o50056o90300B。 6006006oし Ψ。550o35
(306o「 マ Ob509出 030b)
喚 」0…
3‑
1075
1560
1635
417
397
285
533
449
372
365
266
534
2011
o53飾
嚇
…
)
1581
V
―
5響
1633
1587
1616
1549
…
…
9口 ぼおⅢ
1454
1460
1329
…
…
03
い
も山 凸 漁 〕
1381
581
522
291
480
463
450
459
445
444
469
467
484
496
490
556
1972
2420
2370
2573
2526
2404
2450
2202
2399
2532
2472
2176
6794
6713
6717
6319
6476
6562
6277
6288
6393
6167
6105
5857
124
114
118
120
119
120
123
124
124
125
128
130
268
245
255
242
246
252
245
247
253
246
248
245
468
432
479
474
414
445
409
447
594
484
22 80
5749
5693
5888
5609
6012
6030
6123
6140
6073
6175
6254
6035
131
132
135
137
245
245
259
252
269
261
268
257
237
250
2∞
243
891
413
828
395
755
371
643
343
767
400
741
377
674
351
671
345
2012
の
…゛nべ
∂ 中
ヽ 6喫 o
"
¨
1281
03
1394
1280
1364
1448
―
う
¨
▼
1415
1407
1369
1387
も
ょ史X,b´ Ю
OJOna￢
306p ̀Ю
…
1391
1383
1376
397
304
400
529
513
462
276
560
544
466
288
426
2143
2248
2390
2208
2300
1965
2371
5C降
2587
2341
2174
579
2381
136
133
133
129
123
127
129
125
146
100o6か 的 Ψ D3me0030b 6060o oδ
即
"
bs()l')o06o(i ArEr$Coo,%
U$6x')OC6Oo br6rJcJp)o,%
1232008
220r2008
3719鯰 003
4710● 008
5f14′ 2008
10∞
1100
1100
1200
1200
●257211C18
12 0tl
712372008
1200
1100
1000
1000
82072008
971072000
971712000
1071,2CK18
1126r2∞ 8
1000
1212472008
172172009
211872009
3′ 1872∞ 9
800
800
″ 1572a19
5710崚 0∞
9 tXl
7∞
650
6∞
600
7r7/2010
712172010
8′ 18r2010
911● ,010
102712010
117242010
122212010
1′
102011
21672011
371● ワ011
4713r2011
572572011
672'′ 2011
7720/2011
8′ 17/2011
9′ 14/2011
102672011
11722r2011
12r21/2011
672412009
6 tXl
7222m
6∞
871972009
9716r2∞ 9
600
600
600
500
2715/2012
50Ю
6/2072012
500
500
7710r2012
812972012
9/26/2012
10724/2012
11/2172012
10′
192∞ 9
11725r2∞ 9
122372∞ 9
120/2010
271772010
500
"1772010
4′
14″ 010
92542010
6/1● 唸010
5 1Xl
5∞
625
1′
102012
0/2872012
42y2012
5r232012
1219/2012
625
650
650
700
750
750
750
750
800
800
800
800
800
775
750
750
725
700
675
650
650
650
625
600
575
575
575
575
575
550
525
V
A160B6r: 2(x)E Sqr,b 20,>6goLo{ru Bro)aq'.lo) aafCoDf,eqD.Iaq'odoJ."r l$.rtAroC6or'r os6rJ3Corr, AJ$AA06TA
Araa'qn6rDoa,r obsor) dteCaJ6oo, t r-Rodr8rr 7-qeor6o t,rqEJ(rrb.,6(r LCq)rBoJ$o, Urqx'r re6(ffiJqr)
o,r6()eou SCaeCb a5&rqfl6rAr 7-1.oe()$o 6mo656tk6,C8ou 6r6JJBJon.
V
147
I l. 3o6g66ogq,o 0s63gbob 3656bocno sigo3gbol-s qrr Jslro3gbolr qro6r6o3s
(sorslro q,s6o)
Erqqro gpq'sqro lrsbb6gbo
ggq,.rqgo brbb6g0o brbr6y'r .:66sdro0gbbg
g.:bos6o jrqsqrq-ogbo qroqo66p6o oJg6r6o36olr.ro6oU
ltoF3gb6ogoo gdro.:6o jrq.>q,qrpbo
S0o6qr.r l.5bb36o
ld)bg6o brbSq8$otsr'r b&l6t'l6b
bXbbXbo 3g6do lrylgo6b (6s63or0o6obo lrgbbg0ob 6s6qrs)
10112
10412
10712
11012
10113
515339
2327174
454868
456589
740685
1993332
1894936
807047
2324019
2544320
16674
1039258
7315898
14064
10691
11111
1092467
1069920
1078033
7785155
8018469
8124213
462
404
345
284
7813422
21181
8323325
21144
8575879
21180
8711798
21173
519168
559719
578935
609041
111121
120344
124180
115674
16290
956884
7202713
22715
7695135
bgbbgbob Eglrsdq,o qr.r6.r3r66gboU 63tg6S3bo (-)
21207
536344
qt6ogbgq,o 0oltqX6o J6o636gXbo qrs qgo3oq,g6q C6o
o66tt6o6qbo lrs$gbeCb{'r JrJoOrq'Ao
99732
287159
355475
369406
938531
294983
956545
401167
do6oorrqn tttsgrqr3b3bo qt s6.r6.:6g6olq,.C6o rCO%CAo
964466
972484
990278
bb3s $A$q.os rj6qg0o
335263
341918
373891
373409
380981
0r63orrtso6oLo lrXLb30o
ao{'oo$o ;C6PACD.
g.rqqrX00q20g0o
b.$$6ob qrCJocDq)C0o
rdrrl$Os63o q6&'r$q3g0o
12679085 12524597
13103079 14055694 14354701
10574724
10789764 11751131
10293016
11964638
607228
540295
6744967
3277686
6766712
3191019
333438
345818
34ns6o q6htogg0o
0.0. brOor4ttro0o bXjgo6oL
q,r6o0b3qo b.!e.tbr\Xq,o J6<'r6ft)g0o qrr qgo3oq.oX6qrS0o
3467281
3575693
3936419
266
1215
215
233
247
135196
140540
151996
179361
172324
6.llrgl-rb30o trrblr6gbo
264C1581
317243
2313315
2870454
735850
2304563
3266420
446751
2104361
2432052
413416
2231581
2616085
Itb3r grqrpgb3q,C0Cbo
bpq, brrCo.x'r 3$c,OJq'r,
322543
2391X34
3.:S.rqapga3q,o lrr$dtPCoct J.tloo,sqr)
3.tJo6.rqDL, 6gtCC,g0bo
837393
874184
830729
830885
849327
942515
1023398
1111406
1052773
1132016
6s36s$oggbgq'o 0oX10r
324453
333999
371180
420905
408721
ACJ<'ttoOCbo A<rsrbcBErAAC
d.B. bsaorqtrxrbo lrgl6o6ob
Aoq'os6o JdrBCAo
518817
7185624
481847
553503
7483620
7649851
3249205
3350774
3269793
325213
268382
4132846
173040
4380058
12679085 12524597 13103079 14055694 14354701
148
12. 3rn0X6gogq,o 6s66bolr bSbbgbolt qrs qggJoqbog3bob 0er6gq,obs qrr btsgsq,or
$q,og6o tsg$rn5oq,o tsJ6rn656go 6r6.:33Xcngbo
11012
10113
…
…
2417803 2627335
2652483
2713720
9‑0
993009
1096147
1073027
1094257
6FrdCEBJqnJSo
1370755
1424798
1531187
1579456
1619463
Luq
5182383
5210385
5504239
5711459
5775572
og6oqropq, qrr goto3pd Jo690,bg
a<r3q'6sqr,16cl
824954
843186
849869
944032
925294
bddCqBrqnrSo
4357429
grq'or6o A0,l('lboogoo g6r,66pq,o
grE:Joocn
L.J<p
ar'r3q,1xpqrr!5.,
892288
736687
5tidgqB.)qrrJ6o
155601
buq
atr3qa3.rqro6o
3145943
1852439
4367199 4654370 4767427 4850277
869965
930132
942074 1057363
664627
726154
763700
866141
205338
203978
178374
191222
3324115 3661351 3862721 4075106
66d3qB.tqrlr6o
1293504
bgbb3bo 36<r36gqro grqlfi)oq)
ou6rt(rr3q, er tsoSo3g6 Jo63Ab3
ItgbbCbo Ugbtr36ro grql36ocr,
3rqn$o qrSJobo$Cbo U6hrurcn
gJq,.JOocD
1 01 12
104̲12
baq
2336524
doJq'A.tqnrSo
191504
1423610
10712
2118384 2261338 2494940
1532968 1601383 1580165
3」
bXl$X6o g6cgfuqro BrqIJOocn
og6oqr,.Jq, Ar gotomrt Jo6g0t S
baq
er3q'S.lqr,r6o
56itgqBrqrrrEo
b3bb96o g6bo26o grEPJOoo,
ogt6opogq, qr,l gobo336 Jo6gbbg
uuq
0o3q,g,:qnr6cr
66dCqBrqnrEo
lrug
qrgJ<,rtroggbo 3t6o36Uq,o ArqIJOos, do3q,g,)Anr6o
5Oagq3.tqnr6.,
uuq
q.o
gJsr15o6 96o g6bog6o 3.rq-36oor
6o3q,6.rqnr5o
227
274
193
144
165
140
98
90
140
84
72
100
い,96
00ひ
"が
225
218
218
268
253
256
194
193
193
145
144
143
218
258
191
140
166
163
156
154
141
93
79
137
83
70
141
93
80
137
81
70
140
91
79
140
82
72
96
137
90
79
141
80
71
95
▼
749
f 3. 3er0X6gogqn br63g6ob Aog6 pGlAUq,o3rqror6o lr3bbSboor
qrrgrqnr6g0r (br63ot8o6obo l-r3bbgbob 6s6gBg)
(sorrlro q's6o)
irJo, o.'f).,b:
bJ…
囀 メo弱い 。嗜 ご
3× で00ρ ∽
…
00b00an
3Xで 0000
)
10112
7518908
2336524
5182383
10212
10312
10412
7447081
2322779
5124303
7450241
2360785
5089456
7628193
2417808
5210385
10512
755C1544
2464540
5086004
10612
7706285
2492559
5213726
10712
8131574
2627335
5504239
10812
10912
8245016
2656222
5588794
8180387
2584785
5595602
1 1012
8363942
2652483
5711459
1 11 12
8326420
2634589
5691831
1 1212
8345655
2643422
5702233
10113
8489292
2713720
5775572
14. 3o0g66ogq,o 0r63gbob grp.r6rqt6oq,gbgq,o b3bb36oor
qrs3rq,or6gat (br63orr6o6olro bgLbgaob 6163A9)
(.lorltto q,r6o)
め
剛
鵬
a―
:
00b090
N¨
10112
198942
61138
137804
10212
193781
64140
129641
10312
217809
67199
15K1609
10412
185691
63473
122218
10512
213512
67594
145918
10612
204889
68947
135941
10712
192156
67750
124406
10812
203082
70505
132577
10912
244619
105922
138698
1 1012
212283
78170
134113
11112
242219
98092
144127
11212
227031
104363
122669
10113
222790
106930
115859
150
いマ一〇〇
一〇０ヽ０
一０一〇〇
０一一卜０
０寸０００
０一〇０卜
００ヽ一０
一０一ＯＮ︸
〇０ 卜一
︐
トト゛０ヽ
００００卜一
０い卜ヽ０
︶０卜一卜
卜一〇〇〇
Ｎ００い０
ＯＮ卜００
０一ＮヾＯ
０一０めヽ
Ｎ００卜●
一︶一
〇一卜︐
０す０ 卜
０゛ヽ一０
００り００
０一〇０一Ｎ
ＯＮ一ヽ一０
マ０一一ＮＯ
０卜０マ０マ
０ヾ０一一〇
０〇一ＯＮＯ
︐〇
︐Ｏ
一Ｎ゛一
︐ ヽ
一〇０
００ ︸トマ
゛り００ マ
〇〇０一〇〇
■００００００
ヽＯＯｎＯい
一０一０マ０
〇〇〇０一マ
一０一０一マ
〇一一一０マ
Ｎマ０〇一一
０ ＮＮＯ一
︐
卜り０一マ一
︐マ
〇〇〇〇０
０一︶卜 マ
︐
で０卜一︶マ
やりＮヽ０
Ｏマ︸卜ＯＮ
一一０卜００
・
ＯＮＯ¨一一
マ一０︸ ０
一〇０マ０〇
０一一ＮＮマ
●ヽ卜０一０
ＮＯ︶００〇
００卜¨０卜
ト一〇ＯＮ０
０マヽ一０ド
〇０一マＮＯ
り０マ００∞り
ヽＯｏ一０卜
００寸卜一０
０一一〇〇Ｏ
一マ０〇一ヽ
Ｎ寸卜００ヽ
●︶ＮＮ︶０
Ｎ０〇一一ト
０一一卜一〇
ＯＮＯマ００
０〇一ＮＯマ
︐
一０ゆ一一︶
マ０一〇０
一０卜一０
マ０卜一卜
〇ＯＮド０一
００卜一０︶
一一Ｎ００
ヽ０〇一一
卜０一ド０
一ＯＮＯヽ
一ドヽ０卜
０卜一一一
ヽＮＯ卜一
︐
卜一一ＯＮ︶
す００００
ＮＮＮＯ一
００い０一゛
０一〇ＯＮ一
〇一ＯＮＮ゛
ト０一０︶一
〇〇〇〇０一
０ド００︶︶
ヽマ０００
０００ＮＯ﹂
ＮＯ一ヽ０一
・
〇〇〇０マ
０００００
︐
〇〇〇ＯＮ
〇一〇ＯＮ
００００Ｎ
０００００
〇〇〇０一
〇〇〇〇〇
０００〇一
０ マＮ００゛ ００００ＮＮ
一一〇〇０
・
︐
０００り一
・
００〇一一
〇〇０ゆマ
・
〇〇〇０卜
〇〇０一一
︐
︐
・
〇〇〇０マ
〇〇〇０∞０
︐
・
００００マ
００００〇
・
０００りＮ
００００Ｎ
００００Ｎ
００００〇
〇ＯＯｎゆ
〇〇ＯＯｎ
〇〇〇〇０
００００ＮＮ
︐
〇〇０りヽ
・
〇〇０り
︐
００００マ
・
００００ヽ
〇〇０一一
・
︐
︐
００００で
一
Ｖ︺ＮヽＮ●０︸ ＮＮ∞マゆ∞
︐
ママ０一一０
一０卜 卜
一０一一一０一
一０卜一０一
０マ一０マ０
００ＮＯ一０
ＯＮ︶Ｎ卜一
ヤ一ド０マ一一
一〇〇０¨０一
¨ＯＮ００〇一
︐
ｎＯマＯＮヽ︸
マ寺ＮヽＮヽ
ゆヽＮＯ卜０■
一わ０一ＯＮ︶
一一ＮＯ一゛︶
０一〇ＯＮＮ゛
︐
ヽＮす０い０一
０〇一ヽ寺ｔ
００わ０一一︶
卜一〇〇０マす
︐
〇０ヽ００Ｎ一
ド一〇０一Ｎ
０一ヽ０００
０一〇〇０ド
０〇一〇〇〇
一一０一０︶
ＮＯマ゛０¨
一０一ＯＮ゛
●ＮＮＯ ︶
一一０一寸︶
︐一０︶
卜０マ
寸０ マ０一
〇０卜●一一
︐卜一
〇〇〇０
︐
〇〇０ 卜一
Ｎ００り０
一０マト０︸
り０り００〇一
一︶０一Ｎ一
０一一０一一
Ｎ一０一ヾ︶
一一〇０マ︶
ヽＮＯＮ卜︶
︐一
０マ一０卜
０で００ Ｎ
０一〇０一一
■ＯＮ００
︐
０¨００〇一
ヽ０〇一０﹂
０︶００ヽ¨
００卜一
∞０〇
００〇一ＯＮ
ヽ一一マＮヽ
マ６一０卜Ｎ
卜ＮＯマ０゛
卜一卜ヽ卜Ｎ
０一一０マ０
〇０一０ヽＮ
︸ＯＮヾ卜一
一一０一ヽ０
０マＮＯ一寸
Ｎ一 ００マ
す００〇一マ
０∞０マＯαす
０卜寸Ｎ卜Ｎ
〇０一０ヽＮ
一０一一〇〇
０一〇０マ０
０一Ｎ︶一〇
一マ０一ＮＯ
卜一一一０マ
０一０ド一０
〇〇０一一０
０一０ヽＯＮ
０６Ｎ００Ｎ
ＯＮマ００ヾ
一Юマ︶ＯＮ０
０００卜０
００マ０一０
００００ＮＯ
寸す０〇一〇
卜０マや卜一
００ＮＯ卜一
一ＯＮ０００
ＮＯ︶一一〇
００ｎＮ一０
００Ｎ一寸０
００ヽ卜一ト
︐
ト︶０〇一一
０゛ ００Ｎ０
マヽ ヽ００
ヽＮＯ一ヽ０
〇ＯＮＯ一Ｏ
０〇一〇０卜
０でヽ卜一一
マ００卜 ０
︐
ド０一ＯＮ０
一ｎ¨０マリ
ゆ卜００卜り
Ю卜一ド一一
００００〇一
Ｎ卜００す一
０Ｎ卜０卜０︶
０〇一０一
一〇〇０∞
ＮＯ一〇０一
〇〇０︶０一
Ｎ００Ｎω
０一Ｎ００
０マＮ００
０卜００ド
りＯＮドヽ
りヽ０一０
トトでヽ０
︐
ＯＣ︶Ｏαｒ
０ マα００゛
Ｎマ０００
０００００
ＮヽＮ００
い００〇一︶
〇〇〇ＯＮ一
〇一ＯＮＮ¨
００００〇一
０ド０一一一
一一一〇〇
︐
一〇ＯＮＯ一
Ｎ００ド０
３β
︐
９８Ｄ
つ
あ ざ や ゝざＣ っ
ｃ
ｏウ Ｃ
う ｃ Ｏ ｃめう
ｏＣ
らｏ ︒ ３ ８ ８ ソ ｃＯＰＸ Ｐつつ
９８つ
︐
︐
Ｃ
〇〇〇０一
〇〇〇０す
・
〇〇〇０一
〇〇〇〇０
０００〇一
・
一一０すＯＮ︶
マ０一トマ０
ド００す０ト
０一〇０一〇
ｏ
Ｏ﹁
ｃｔ ０
Ｆ
０
ＣＣｏｏｏＣ Ｏ ﹁Ｃ
ｃｔ ８Ｐ ０
︐
ＣつＣっ０
︐ ＣりＯＣ
Ｃ
〇〇〇０一
︶一〇０マ一一
Ｃ Ｃ︑υＯＣ
ＮＯ 一ＯＮ゛
Ｃ Ｏ つｑ る ｏ
・
︐００〇一
ヽトト
００００マＮ︶
︐
６︶卜００Ｎ一
ＯＮ一トマ０一
・
︐
︐
・
︐
〇〇〇０す
・
Ｎ卜す０一一゛
〇〇０一一
・
︐
０ヽ０す０一
・
・
０００り０
・
・
００００い
・
・
・
・
・
・
・
０００〇一
︐
︐
０００〇一
︐
︐
︐
・
・
・
・
Ｎ︶マ でヽ
︶一一一〇０︶
０００卜哺０
マ０マＯＮ０
一０一〇〇〇
６卜一一●一
６Ｎヽ０００︸
︐
り０一卜ＯＮ︸
卜０００ 寸︶
︐
ＯＮ００ＮＯ
ｃＣり メＣ
一一ＯＮ
︐
ｃｏＸ Ｐ Ь Ｏｏ６
︐ｃ つの
ｃυ ｃ
Ｃ Ｃり︒Ｃ
︐
Ｃ Ｃっ
０
ＣつＣ υＯＣ
Ｃ つ つ魚 る 一
ｔ ３ Ｒ薇ゴ
只ゝパるＣ Ｏ﹁Ｃ
ｃＣｏЮｏｏっ︒９
０
︐
０００Ｎ００
ｃＯ Ｃ つｏ
ｒ
ｉぎＦり
００００す
００００Ｎ
Ｎ゛Ｏ劇
ＯＣｏｏ０６
ｃ う
︐ ｃＣ り︒ ゎｃ
ｃＯ ｔ う
︐ｏ
ｃレ ｃｃ
０００００
・
︐
０り００ ０
〇一
︐
０〇一０一０一
〇〇〇ＯＮ
００卜∞■一０
︐
υ︵︺０
００００∞
Ｃレ ビＯ Ｃ Ｏ
ｏ Ｃつ
０００００
おり
鐵針
卜０一０一一
００〇一〇
ＮＯ︸卜一Ｎ
∞卜●りヽ０り ０∞０∞０〇一 〇〇〇０一〇
う
︐
一一０●Ｏ
マト００崎０●
︼
一
９９８わ
Ｃ
レ いｏ
００■●卜∞
●Ｃ
ｃ
キ︒
要 萎 舞 磐 誇ｏ
︐
ら０ゝ︒
ｏ ｃレ る ９ ｃあｏＯ
９８う
？さ８ ¨ｃＱ χＰ つ
︐
︐
レ ＣＰ
︐
００ ｙｏｏＯＣＣｏつｏ
︒６０Ｃ レＣ２︶ｐｐ一ｏ′Ｃ●′の
∞ｏつ ｎＨ
ｏｏいｏＯｏ
ｏ
ＣＯつＣ ｃンッ
ｏＣＯＯ 呟
︐
︐
ｏｏ
Ｃ
ｏ つ
Ｏ
い
お
Ｏ Ｃ
ｏ
Ｏ
Ｃ ｏ
Ｃ
︱︱︱
︱ ︱ ︱ ︱Ｃ︱
︱
︱ ︱０ ︱
︱︱︱︱︱︱︱︱︱︱︱︱
︱︱
︱
︱︱︱
︱ｏ︱つ ︱
︐ ︱︱ ︱ ︱︱ ︱
︐ ︱ ︱︱ ︱ ︐
︐
ゴ創副劇引引劃
ｃ
V
151
０卜り０
〇〇〇０卜
卜●ＯＮ卜
マト００卜
Ｎり す０一
︐
０卜一●一一
い０００マ
〇〇０一マ
００マ０マ
０００ ０
︐
りｎヾｎマ
ト一０マＮ０
００Ｎ００Ｎ
ｃ慇 シ Ｐ
ＣＯｐｑるｏ
ｏ
こ ∂ ε ｏＢ ´
０００ｏっ００υ
Ｃｒ︶
ＣＣｏЮＯ︒ＣＤ
寸︶寸０〇一
０ ００寸り
︐
寸０卜０卜ヽ
り０りり０一
００００ママ
ト０卜 ０
︐
００︶ＯＮ
マ０ ００り
︐
００卜００マ
一０ヽωヾ
Ｎ００トマ
０００卜Ｎ
００︸０〇
０Ｎ︸ ■
ＯＮ ＯＮ
ＣＯ Ｃ り０
゛０一︶マ
一り０マＮ
０００００
︐
００Ｎ卜０
００り ００
︐
００００００
ヾＯＮＯゆヽ
８６
ｃシａ ︶
︐
Ｃ
Ｃ 一∞ＯｏＣ
卜一一ＯＮ
トリヽ０ ０
︐
０〇一
０ヾ●
Ｎ卜０００
０寸い０゛
Ｎ００マ０り
Ｎ▼ＯＮ
ヽどＯＣうもε
Ｃで
０００ ０
︐
０りヽリマ
ＯＮ卜゛Ｎ
ヾ０卜００
００ＮＯ
００卜Ｎ００ヾ
０００トトリ
一す００●０
一０卜す
０
∞０一す
０り
０●トト︶
ＯＮＯマ゛
ＣＣｏ一ｏｏＣＤ
ＣＣｏ００ｏ ｏＤυ
００００∞ｒ
卜一り一０︸
０一すＯＮ
Ｏ一０一６ヾ
００卜００
卜 ０〇一〇
︐
Ｎ０００ ０
︐
〇０一〇０マ
一０トトリ０
０００００ト
●００
︐︐
Ｏ一一一●
卜∞∞００Ｎ
０００卜Ｎ
■００卜
︐
００００Ｎ
︸卜劇０一
０ 卜００Ｎ
︐
︶∞一●一一一
一〇ＯＮＮ
り０●製０崎
００やヽ０
マ０卜００マ
〇０一ＯＮ
Ｏ ０００マ
︐
〇０●ＯＮり
卜り００α
∞０●Ｎ∞卜
００００す０
Ｎ００ＮＮ
０一一〇〇〇
Ｎ卜ヾ寸ヽＮ
００Ｎマす０
卜一一マトＤ
０マ０００
００００００
００００゛
一０卜００
トト０〇一〇
●マト０一
０一０ ∞Ｏ ｏ 卜Ｎ
︐
︐
一一一Ｎ一一● ｒや０一∞Ｎ
一０一り０
ＯＮ０００ヾ
卜００００
０卜一卜０
︐
一り０︶０一
０寸Ｏ゛０マ
マＯＮＯ
〇〇〇０寸
トマ一マリ
０００卜一
０一０一０
︐
〇〇〇〇０
卜０〇一０一
一０りｎす
めり０卜一〇
ＯＮヾ０
︐
０Ｎ００マ
ヾす００Ｎ
０ ＯＮや
︐ヽ０一
卜ヽ
卜０卜０一︐
０ＮＯりＯＮ
卜゛卜一い０
〇０一０りり
トトリＮＮ
∞Ｎ００卜
︐
０００卜ＯＮ
︶０卜一一
０卜０卜０
一゛りＮ一〇０
ヾトマヾ ０
０りＯＮ０
一一
ヾ●０
０一〇〇〇
︐
ＮＣＯＮＮ
Ｎ００卜一
∞トママ０
０〇一〇〇０
一〇０ Ｎ
︐
０〇一卜一
０り一マ００
卜０りＮＯЮ
０００００゛
０００Ｎ一
〇〇〇０マ０
００Ｎ００寸
〇〇〇０一
０一
０ 一
︐
●０一一︸
一０︶００
トマＯＮ一
Ｏ一ＤＯ一Ｎす
卜一ＮＯり０
０卜００
０００００
一〇ＯＮ一
卜一〇〇０す
ＯＳＮす０一
０一卜Ｏ
０ヽゆ寸 ０
︐
０ＮＮ００Ｎ
Ｏ０ 一
︐︐
リトトすＯＮ
マＮ００Ｎ
︐
ｏｏｏマｏ
Ｎ卜０卜り
︒つｏぅ０
０マＯｎＮ
︐
卜一マＮヾ¨
Ｏ一〇０
ＮＯり０
Ｎ寸一０
トロ０００Ｎ
︐Ｎ Ｏ
ママＯ
︐
りヽ゛寸崎Ｎ
ヾ∞ ０一Ｎ
マすＯ〇一
︐
Ｎり ゛ＯＮ
︐
¨ｏ０００Ｎ
Ｎ一一ＯＮ
０００卜や
ＮＯ一０︶
０〇一゛Ｎ
り︶００Ｎ
Ｏ寸ＯＮ゛
∞０００Ｎ
卜一∞す一●
一゛卜一゛
卜ＮマリＮ
マ劇一ｎＮ
ＮＯりＯＮ
︐
００Ｎ寸Ｎ
り０卜 Ｏ
Ｎ００卜０
〇０卜０
︐
卜一ＯＮＯ
一一一∞ＯＮＯ
００〇一０や
りゆＮ００
︐
ＯｏｏりりＮ
す０■００す
︐
Ｎトトリ０す
︶０り０す
０００〇一寸
ＮＮ一り∞︶
り００ ¨
︐
∞０卜００
０り寸０す
ＮＯり０
０∞０∞
り ０
︐︐
一０一０¨
一０∞ｎ
︐
〇〇〇〇
︐
０卜り ０
︐︐
００マ０卜Ｎ
００卜一０︶
０一ＮＯ Ｎ
︐
０００００
０００００Ｎ
りヽヽＮＯ一
０卜０００Ｎ
卜０∞一〇〇
ＣつＣＤ∞Ｃ
ｏつＣ υ∽Ｃ
ＣＯ つ魚 お り
ｃＣｏｐЪ Ｏつ０つ
Ｑゝ が ＯＣつ﹁Ｃ
Ｃ﹂υ ＣＣ η
０〇一０ヽＮ
Ｎす一〇ＯＮ● Ｎ∞Ｄ∞００
０００卜０一
ＮママＮＯ一
Ｎ０〇一一
０゛００゛
００∞り
Ｎ０００００
０ゆ０００︸
０００Ｎ卜一
００マい０
卜り寸ヾＮ一
卜００００
マ００Ｎ
︐
ｎ゛ｏｏ卜
卜００卜
︐
一ＯＮ 卜
０〇一０一
ＯＮＯ〇一
０００∞Ｎ
︐∞
ω００Ю
Ｃつｏ００ｏ
ＮＯヾＯＮ
〇一Ｎ一り
一一一０︐
り︶
００Ｎ一〇〇
Ｏ一０一一
０り０ヽ
︐
Ｎ●００
〇０す
０一一
︶ヽ０００
Ｘ ∞つつ ０︶
ＣＣめのＣ´一６ ３
︵
ｒ一ＯＮ
ＣＣ ヵ∞ＤａＣ
ｃシ ３ごＱＯの６
ｃＯ Ｃりｏ
ｃレ ｃｃつう
ＣつＣぅ０
００００
ＯＮり０一
卜り０一Ю
０一すの ︐
卜Ｎ
︐
マヾ０ヽり
トト０卜
０００∞
０一一０一〇
０一ヾ卜Ｎ●
０卜 一一寸
Ｃ Ｃ ｏｏ ｃ Ｏ ｃあわつ
の
し
０
一
﹁
ｏ
ｏ
ｏ
萎 詳 舞 弓 ３襲 舞 鍵 ヽ ３
Ｃ Ｃ ∞︒ Ｃ シ 呟︒ ９ ＣＰ ０
︒
︒
υ
¨
の
﹁
ｏ
め
︲
︱︱ ︱︲
︲︱︲︱︱ ︲ ︱︱
︐
ＣＣ∞ｏ ｏ′ Ｃ のθ つｏ ８０ 口
ＣＯぃｏ︒一Ｃ ７ｏ９υ ０ ０Ｐび のｏＯＣＣ つｏのＯ ｏＳ ・
︶
152
17. 6.sg3qnon 3g6lrgbo: q,.r6o/sfl0 groq,.r6o
叩
orfurCn
cDCoCt(Bsqr,
aD6Oo
$6rryo
ordo
o8Er)bo
o3qrlbo
ragobocr
bdoCa&Jr,o
も
・ ―
1.8009
1.7568
1.7059
1.6408
1.6658
1.6665
1.6549
1.6457
6,oCAbC6.,
qoeJcaaC('r,
LJAgJq'sreQ ogot
17959
17760
17122
16652
16759
16548
16658
16508
.6610
16619
i.6592
16604
16587
16603
.t
ofr1oAfurn
b
i 65g3
I 6703
▼
2012
ctsftrt6o
crr3bCftrq,o
16690
16636
16693
0Jf,d,
16600
J&rr(r,
16268
16534
16366
16582
ardl(,
16258
16265
.BEnLo
16451
16351
o6qrilo
16592
16606
16593
16607
16565
16567
16523
16476
JAOol.,O(r
bCCOCAbC((r,
ofipabg6o
6og06gt+n
16539
16599
16624
16599
V
153
18υ 03CIDO測 6し060:Ψ 蒟 ″0360
中
6‑b
00xで o"σ 3dj
2011
輌
蝸O
24843
24216
24036
24384
23799
24054
23554
23716
中 山 響
0600
面
響
0‑
035ollo
―
Sa3dOn
V
bJ000b360
0ま 〕
い ρ…
J象 〕
pう
岬
22641
23491
24015
24223
23961
240,7
24109
23792
23805
23648
22970
22741
22234
21614
22533
219
22350
22149
21532
20210
20704
21546
21932
21837
21558
20094
20465
20343
20398
21250
21911
2012
て
均
飾
呻 Ⅲ
M00 …
缶
…
03
%い し)
2 036Cl
20826
じ
』0「ヽつ。
…
2 1461
で■03bⅢ
21509
21516
21825
0史 pabp
h00。 が安〕
21531
21317
21749
t54
19. b56re'iLrbqoCq,o
(5trlh ra.a l@60l
6rq,r6uo
2005
s.lr.tirclfr8qD
-2,646,340
QCoroo
J60('(,Oo
8C6Coo
A. 0oEq,o6s6o 66rElaCir000o
JriAeooo
QJD0O"
J$oolr<dl5 e's tso65arJ6o !6t!{9oDo
$aoo6q'dr s6a toao
acDJoo
gosi8rr6o s6A5t6oao
t. nodre.io6o oft Clrooooo8o
lrrtQ3r6a56Jo
l$'be3s6,A$,Jdxps6
t. Jo6o8rqdr oSgCUOoOorDo
"CO%J8"
N.l.BJlo
& Bod$l,J6,o Ss6EoCEAq$o
rjdus.n
J]ll(,J]&,
e. tia., da8lto8oAto
rJOo33o.,
J"LBC6"
C.
Ls6st068(' sdooSgDo
SaoEAr EasAl',aCDo q,.r rrArOooJ6CSo
200€
2(x)O
2010
2011
m12
3 1,666.5259 2,OBA,2U A 2,427,979_1 1,893,6024 2,402,201 6 3.254,a92 3 3,500,St58
7 J,6a5.8aO 2 -{.SE4,1100 5,204,175.0 1,293,4541 -5,052.225 S S,7rt8,31o I -7,7t4,699?
l!,59t.0 157,a2t.9 t01.t!9-it 21,029.6 3!9,725.! 5t3.a5r,S 717,O25.1 1,101,092.6
715,043_4 885,0a5 0 1,O9a,1oS_4 1,260./rit.o 1,3t3,6090 1,59E.771 3 2,@A,r57_3 2,54t,451 7
1.1172.437
ar!,Joo
6. Eodr$Jf,Atrr
i. agaot€lqlo
20/17
-'1.213,903.4 -2.019,t5/a.i .2.695,!25.2 -3,E36,195.6 -2,t99,!51.7 -2.590,02i.9 3,/19t.E17.! -t,2.ti.!!!.9
J6ra"o"
Ji6CAoOo
2006
431-452_4 -727,26.1g -932,920.0 -1,239.42a4 _973,0E3.3 _r,085,3t7.3 _1,260,532.3 ,1,4,{0,359_1
c1,617.9 r62.056./t t6,Z4.t ,5r,t70.9 {1272-3 -214,121-5 126515.1 {03,199.a
263,327-0 341,2166 1A2,511.4 586,23!.2 4A9,2674 550,5981 75€,045.8 1,0tt,192.5
201,709.t 179,1602 415,737.1 $4,105.2 -530,539.7 -770,719.7 _1.164.661 2 -t,157.39t I
359,037.6 523,9434 6!!,45!,8 t,060,354-9 967.503.! t,O9!.47t.4 I,128,673.3 t,/O1,932.7
413.4350 586,956.8 768.,155.9 1,142,020_1 1,o3A,S23.1 1,iE3,43€.5 1,45E,538.1 t,509,6010
-5,4,397.4 -63,013/t 4O,OO2 I
{t,665_2 -71,019.3 -64,9621 ,129,864.7 -t07,668 s
603,2362 '1.237,,t2!.0 2.1)a2,!!5.7 2,!57,3t15 t.09!,0!7-9 t,2O!.939.E t,!.t5p90.{ .t,!i!.04t.7
5!,6a,a.3 17!,1562 127,9r(i.! t12,Zt4,.O 1!2,So4.? 2O6,a1O2 1St,2U2 l!3,Eta.O
61,57t.1 172,1948 128,25,09 112,422.7 182,6146 206,59,15 153,4653 133.945S
-2,9?71 -1,03E0
3051
t3a7
-110.5
,15zt
3
-221.1
-{316
624,591.9 'r,066,271.7 r.9ta,!!9.9 2,716,027.6 9.t0,5!3.7 t,002,499.6 1,662,i16-2 l,rol,slt.C V
542.229.5 1,'t!5,90!.! t,673,!9!.6
677,1212 67!.6!9.5 s7O,tO7.7 602,622J
85,177 3
15,831 lt
-70,3114.0 ',{17,699.0
-i46.612 1
,1/16,6r6.t -263,451 4
18,526 2
-t35,148 0
452,7523 1,17O,OTI a
1,750,212
O 1,5A+3111 69,8,095 O
El3,637.5 1,117.423.S 866,0740
15,/O1t.8 1/10,250.4 2,t,052.5 623,t93.! 10,543..t 250,49!.8 133,20!.4 !3!,9!!.1
13,0660 -2,188 5 ,t2,602.6 675.0 _1,130.9 {103
47.1 41,997 7
2,41E.0 142,tlXg-g 33,7i61 022,61A 2
1j,67/tO ZEt,1OA6 j33.r60.6 8BO.OBS8
.t.066.! 7,77A.!
S57.a
790_1 5,.t25.0 5,403.5
1,2478 ti,O797 1,1058 1.7503 12,132_1 10,652_3
-1Er.o -3,300.9 53A.5
-960_2 7,@71 521A7
117,117.6 '178,719.t 595.0992 !2r,O6t-1 83!.a79_l 2!0,4952 t,125,419.6 295,684.6
16.2515 -56,4572 -20:1,706 2 -279,565_7 i07,676.4 {19,2!66 i99,335 5 341,7631
193,6990 235,2069 800.605.4 1,t0O,626.8 73O,AO27 699.7118 926,0842 637,447 7
-110,570.1 {38,637.1 377,021.1 {30,705.1 $161127.0 -207,96!.6 -5t2111.5 -!!,171.i
0.0
o0
oo
0.0
00
00
26,420.6 €1,897.4 -33,420.0 -{4,329.5 40,806.5 -10,672 7
2t,111.4 -23,9!3.7
Ｅリ
ＥＪ
●ＯＮすヽ
０∞０＾
０
卜 一一０．
０〇一．
一
０卜Ｏｎ
００ヽり︑
００Ｎヽ
０゛
︐ヽ
り０マト︑
ＯＮＯ
０
０卜０寸ヽ
Ｎｎ ヽ
一
〇 ０一Ｎ
一一一●．
卜Ｎマヽ
ヾ゛
０００∞．
ヽヾ寸．
ト
卜ＮＯｎ．
ｏｏ０
Ｎ一〇〇
Ｎ∞り一
００ω︐
一．
０一一．
一
Ｎ卜り ヽ
０一一．
す︐
り０００．
０００．
Ｎ
００トトヽ
ＮＯ卜．
０
︐ヽ
０〇一０
り¨
ト
Ю∞０
り００卜．
ト
０卜ゆ
０一〇０．
０００
０ ヽ
０．
卜
一
Ｏ
Ｎ
Ｏ
一
．
〇０り︸´
一〇０ヽ
゛
０ ０ヽ
トトＮ
卜
︐
Ｏマ００ヽ
０００ヽ
り
め０
００
〇 一０すヽ
卜００
０００
０〇一０．
０
卜一
ヽマ劇．
●一卜．
︐ＯＮ．
０
マ゛
０００．
０ ＯＮ．
一０゛
００
００
０
０
卜
寸
．
０卜寸
りＯＮ卜ヽ
卜す０
Ｎ ゛０卜．
一●０．
０
０
０
∞
０
．
り
︐０．
００００．
０卜
Ｎ
ＯＯ
０ ヾ一０．
０り０
０００．
０ ︶００ヽ
∞ｒ
∞０００．
００Ｎ．
Ｎ
ヽ´
︶す
０．
０す一．
Ｎ
一〇ＯＯ．
ωす
０ヽ
゛
マリヽＮ
０ 卜Ｎ一
０００倒ヽ
∞す０ヽ
Ｎ
Ю ゛寸Ｎ．
００マヽ
一
ｒＯマト
卜¨卜．
ト
Ｏ＾
塁ヽ三〇Ｏα．
︶
マ００マ．
００Ｎヽ
Ｎ
︐一
ヽ
■ヽ
ｎヽ
寸０
００∞０
︐ω
︐
Ｏ卜
ＯＮ００．
０一
０り０゛．
ヾ
︐
００００．
リ００マ
．
︐∞ｎ
０卜一劇．
一
り０ヽ
ＮＮ卜０ヽ
０００．
一
■０一０．
Ｎ
り一Ｎヽ
０ ゛ヾＮヽ
゛Ｎ
００ＮＯヽ
゛
︐０
Ｎ一〇０．
マ
ト
０
マ 一〇０．
劇卜０．
Ｎ
００卜一．
０〇一
Ｎす
０一ＯＮヽ ０ヽ
︐
一一ヾ．
一一０．
り︐
●．
゛
〇一リト︑
マ劇０．
い０一Ｎヽ︶０ヽ
Ｎ︸
０一︸Ｎヽ
り００＾
０
０００Ｎ．
０ ︶
︐︸ヽ
０卜一ヾヽ
り０
一
ヽマす
ＮＯＮＯヽ
０●
劇リト一︑
゛００ヽ
０
Ｏ卜ＮＮ＾
Ｎ００
ＯＮＯＮヽ
一０一ヽ
゛
∞゛マ
ト一〇０．
一ＮＯヽ
０．
ＯＮＯ．
Ｎ
一マト．
Ｏ．
一〇０ごｉ
卜００Ｎヽす一ヽ
Ｎで
トトト０．
ＮＯ︶．
０
０卜 ０¨
００Ｄヽ
０︐
︐
ｏ一ｏＮ
Ｎで
ヾ゛一ヽ
Ｏ卜一一．
０
一 卜．
００００．
ｎ︐卜．
０︐
︐ ︐
●０劇一．
０゛卜︑
ｎ
●一ヤト︑
■一０．
Ｏｒ︐
トＮ００．
り劇ｎ．
●
・
０ヾ一０．
寸︶卜ヽ
ｒ︶
ｏｎ︶０ヽ
ヾ０ゆ︑
ｏ
︐
．
¨
︵
ドド一ｎトドｎ﹄いド
﹂﹂旧燿に﹂に国﹂ｒ ﹂ⅣＦｐＨトドロ﹄ドド
ｂ﹄い﹂燿﹄﹄ドＮす
︲
︲︲︲︲︲
ｉ︲ｉ
︲︲︲︲
ｃρ υＯｏｏ●ｏＣうＯＣＣＤつめのりＣ●
︐
ｃ＾ざ ＯｃＯつ００りｏ つ０レ０●ＯＣＣつ
ｃ ぁｃＯ﹁ｏＣｏＣ一′ｏＣ一つ
ｏ３３Ｒ ３ｏシ３
８ ６ Ｃ●﹁０ Ｃ００ＣＯＣＯスありｏ ＣＣｃη ︒ Ｃｃつ
ｃｐε ︑
︐
Ｂｏ
︐
ｃあつ´
ｃｔｃｏｃＯつ
νつｏｏＣｏＣ一
Ｃ一ｏ﹂
一ＣＣＯつりめ口ｃ●
ＣｏＯＣＯＣＯｐ只どｃ ρ νｏいＯＣＣつ
︐
０シ′一 ９Ъ ｏＯｃＯ＾ぁりｃ ｃＣｃ■ ９ Ｃｃつ
６ ０ＣうＯＣの
︐
ｏＡぁｏＯ一●
●Ｏ Ｄｃｏい
一ｃｏ ｃ ′ ８ わ Ｃ ｃｏ ｃ Ｏ ´の∞ｏＣ ｏ´ Ｃ ´ｃＣ ８ 一ｏＳ Ｃ のｏつ ｏ Ｎ
156
19. Lr6.rq'rtub(oCeo
Arq,r6ln
(rorth ra'd q.K'r6o)
ao0elo6r60 r6E)6do
i.l,.C(.l6?q,o
2005
2006
709,65● 0
‐
1.175,5305
‐
2,000,4077
2.012.9020
‐
1.133,0944
‐
1.213.● 034
2.019,3543
‐
2.895,0252
‐
3.336,1956
2.399,05t7 2.590.0739 ̲3,493.3171 4213.0839
2011
‐
1.192.2671
‑1.3
,1340
‐
1,014.0500
14724373
16665259
20882843
4
1 8936K124
2.462 201 6
‑26863407
● 6858802
■ 9841100
■ 2641750
42934・●41
‑5,052,2755
67403101
0. a('t ltJ6rbr
33.5910
157.3239
161.1094
21,0296
J6JA"O"
715 34
‑631,4524
0050858
10941094
12604540
339,7258
1 3136000
513.4539
1598,771 3
747.625,
20001573
7272619
,329200
‑1 2394244
●738833
‑10053173
‐
12605323
‑1,¨ .3591
61.6179
162.0564
36,774●
‑53.17● 9
41.2723
214.1215
426,154
103.1994
J6CaoO.
acDJOo
ar&JOo
& dISd,Jg\,o
J6CaoOo
aJbJOo
e. 6oEeE66C O.6rfl ,Sr(6OCDo
3l"CQ$o
QClJoo
JraoOi(,olr., qE Bo6t5lft6o 16$6080
JrJoorqdr r6$6oEo
,]6AAodo
qtbJOo
BoSsArZ6o $Cr6oao
r. Jo6e'rio6o ot&lroooogbo
lts$Q3stbns,Jo,
lritQ3rtCi,trrJorN$E
t. i<6o8rq|ol, otBgl$ocoJto
2633270
3412166
201 7o91
‑1791602
2,427.97●
3 254 492 3
3 alll,3150
‐
77146997
1.101,926
2541451 7
4825114
5862342
489,2674
556.5981
7580450
' 0541925
● 457371
644.4052
‐
5305397
'7o7197
‐
1 104661 2
‑1,157,39,9
,50,037●
523,9434
133.4530
1,060,3549
967.5038
1,090,4744
1,320,673●
1.401,9327
4134350
543974
5069668
63.0134
7604559
1.142.0201
,0005231
1 1034065
1450530 1
1 509,601 3
016652
̲71 0193
34.9621
‐
1298647
‑1076685
613,2312
1.237.4280
2.042.0357
5o.6
3
615714
●00021
2.657.3115
1.093.0079
1,203.9390
1,015,3904
1.338.0417
171.1562
127,9458
li2.2040
1● 2,5042
1124227
4826146
153.2442
153,4650
133,S140
1721948
‑1387
‐
1lo 5
206,4402
206.5945
‑:543
‑29271
‐
1.0386
128,25o9
う051
624,591 9
1,066.2717
1,914,3899
2,745,0276
910,5● 37
1,002.4996
1.662.1462
542.2296
1.13S,9088
1.673● 916
1.417.6990
o77.4212
673.6195
970,0077
602,6227
094773
4527520
153314
1 170.0774
‐
763440
‐
146 612 1
lo 526 2
1,564311 1
6530950
‑1351480
3100375
‐
146616̀
1 1174238
‑2634514
17502426
130,9455
40, 6
‐
221 4
1,7●
4.5271
866.0740
15,4040
140.2504
10.5431
250,4935
133,2004
●38,988,
100660
‑21385
21,0525
‐
12.0026
623,193』
sJC,o3Jeo
6756
‐
1 1309
JJ!r&ru,
24110
142.4389
037151
622.5102
110740
0100
251,1030
477
:331000
380.9850
00
00
̀19977
1.06● 0
7,778』
6674
7901
5,1250
5,4035
00
o0
12478
‑1010
11,0797
‑3枷 9
11058
17503
12,321
10.6523
7007 1
173,7497
595,0992
200.4952
1,126.4196
‑162515
193699o
064572
2352060
295,6● 46
‐
204,7062
●27,o611
‐
2795657
̀385
033.4791
● 602
1″ , 7●
800.6054
1 1000268
7300027
̀192166
1993055
341,7601
110.57● 1
430,6171
‐
377,0271
‐
130,7● 51
616.4270
207.9616
‐
572.4145
● 3.1711
Eao6q'.i ECOeo6CDo er rrArOoBS0S6o
26,42● 6
ol.3974
● 3,4230
‑44,3295
40,3065
‐
16.6727
23,7444
23.9037
0.fl$JlJo68lrJq,o erSo6.fiCtr|
67,09.t.9 7,7!5.3 !0.002.9 283,!Oo..t 3!,ZO8.Z !14,55!.6 22a,6O1.5 132,909.1
& BoEf'D6o Sn60('r8rqdo
rCO€&,
srtxBJ!.
e. l.sar o6A0l$oooalo
rJO.3c!.
JJrAC6o
C.lrstiCt3r'3(,, qho3rDo
00
00
1076764
6997118
9260042
‑52487
6374477
V
157
Ｎ Ｎ卜０．
００り．︶
ヽ
ヾ す００．
Ｎ卜一 Ｎ
ヽ
０．︶ＯＮ．
Ｄ ︶Ｎ ゛Ｎ
ヽ
Ｏ 卜∞０．
Ｎ００ 〇 一
ヽ
０ す一一 ０ す０ Ｎ
０．
り００
０ ０ＮＯ．︶
０ り０ 一．
ヾ
０ ０ヾ ︶．
０〇一．す
︐０ ． ０
００
Ｎ ０゛ ．
α
ヽ
＾
０． ００ ０００ Ｏ ｒ
一 ＯＮ 一．
０一０．
０
卜 ︶︶０．
００Ｎ．す
０ 卜００
〇 〇〇０．゛
ヽ
寸 め０マ 一
り すＯＮ．
００マ．゛
ヽ
一 〇〇０ ００Ｎ．
Ｎ
一 一一● ．
一ＯＮ．
Ｏｒ
ヽ
０ ０マト．
ＯＮＯ ０
ヽ
Ｏ 卜０マ．
ＮΦ ︶ ︶
Ｏ ∞ ゛Ｎ
︐
０卜一
Ｎ．
゛０り
リ００ ．
゛
︶０マト
り０り０．
∞︶０．
︶
ヾ 一す
一．
０一゛．
α
一．
∞一●．
一ｒ
卜 ●ヽ
０一ＯＣヽ
Ｎ寸寸ト
Ｎ０００
００∞
卜Ｎ００ヽ
トトト一ヽ
劇Ｏｒ．
０
０ドＮＮヽ
Ｎ００
︐
マ０マ０
Ｎ一り︐ ︐
︐
００∞ ．
０︐
一．
す
Ｎ卜りす．
００ ．
一り０∞．
０００ヽ
Ｎ
∞０トト＾
ＮＯ卜ヽ
０
〇〇〇０＾
０゛ト
００〇一
０りＮ∞．
ＯＮＯヽ
Ｎ
トリ００ヽ
∞︸ヾ
０００卜ヽ
ト
０卜０
０一０∞．
０００ ︐
００つ゛´
す００．
０
００卜一．
ＤＮＯ．
ゆヾ００ヽ
０００ヽ
り
寸０卜０．
トトＮ
００
り︐
０一●．
０００．
■．
ＯＮＯ．︶
０ ００卜．
ヽ
ヽ ヽヽり ヾ０
Ｎ
゛ ００Ｎ．
００
卜０り
０ す０ す．
︐
０ ０ヽ∞．
０００
ヽ
０
卜一
ヽマＮ ０ 卜．
ヽ
＾
マ 一ＯＮ ０い０ ０
＾
〇 一ＯＮ す０ ¨
００
ヽ
ぃ
〇 一 ︶Ｎ り００ ０
ぃ
０．卜一● ００ ゛．ｒ
０ ００Ｎ．
０ ︶︸
マ ヾす
００
ヽ
い ＯＮ卜 卜 ０
ヽ︐
０ ０卜ヾ ０トマ
︑
Ｎ ︶０卜． ヾ０ り
〇 〇〇０．
０卜０．
Ｎ
ヽ
０ ０００ ０ 一
ＯＯ
寸 ０り０ヽ
０
り ０ヾ
α ∞り０．
ヾ０ト
一．
卜り０ヽ 卜ヽ
０
Ｏ．
０ 卜．
一〇０︑
卜・
︐
∞ 卜Ｎ ︸．
００卜．
Φ
Ｎ ＯＮＯ．
０ヾ
０ ０卜一．
００∞
ぃ
ト Ｎ００ ０一０．
■
０卜一０︑
一０り︑
０︐
一卜り０．
Ｏ ＮＯＮ．
り０ 一．¨
ヽ
Ｎ．
一卜一．゛∞０ 寺
︐一卜ヽ
０．
一〇０ヽ
０
０一・
︐
ヽ
０ ０ＮＯ．
０ ︶卜 り
ヽ
０．
寸 ︶一 ■ 卜．︶︶ｏ
︐
︑
＾
ヾ．０ す卜 一一０ ０ ・
︐
︑
０．
一 一一．
●０り り ︶︐
V
ｃＯＣ
曼 Ｌ ０ ０ＣＯ ユ ぁ ＯＣ Ｄｃ
る ●Ｏ ＣＣつ
ｏ
３●３●ｏ
ｃ●
ｃ
ｃ８ ｃｃＯつ
場ｏ
一
ｃ名 名 レ０名０シ ３
る ∞６ Ｃ る ０つ ０一ｏｃｏｃＯ ユ あ ｏＣ ｃＣ ｃ２ ０ Ｃ ｃ一
ｃ ぁｃＯη ＣＰЬθｏ
Ｃの
０
０
ｏ
ＣＯ︒
Ｃ︒ＣＯつ
︐
０Ｃ一
つ︐
つ
Ｃ ●
ＯｃＣ●８ 憎Ｃ●
ｃ Ｏし ｏ
●
ｏ
Ｃ
ｏ
︐
８０
ｃｔ ｃｏ
ｃＯつ
ｃ ｃレ０ Ｏｃｃつ
●
″
一
帯
ｏ一
●
●
Ｏｏ
●０
い
●
︐
６ ０ＣｎＯＣ●∞ν′ｏつ Ъ ｃＯｃＯユぁりｃ ｃＣｃつのＯ ＣＣつ
︐
ｐ● の Ｃ つ資 ｂ ︒
のｃＯ ｃ ′ ８ わ ε ｏ ｏ ｃ Ｏ つの∞いｏ ｏつ Ｃ ´ｃ Ｃ ｅ ｐ一６ Ｃ ｏＯつ Ｏ Ｎ
158
2 I . 0orq,9r6o
lr.:6.:699 3rq,o
約湖
"δ
1.4404770
1584.8212
2.0875721
2,743.7494
3,342.6990
3,691,6994
A('}JqSbAr)J6o
113.2958
79,1471
75.8∞ 4
64,1004
69,7401
95,9459
A6dCqBrQn16()
1,327.1812
1,505.6741
2,011,7717
73.3445
2,670,4049
3,278,5985
3.621,9592
4.150,1879
CGcBeJqto t\r6Jo
294.6908
254″ 14
460,9540
913,8737
8765139
815,0294
582卸 1
183
194
7829
9798
1,3963
1.1970
12678
294.6726
254.2020
460.1711
875,1177
813,8325
581,0722
543,6681
1,295,0284
1,874,8129
1,498,7222
1,597,4418
2.121,8644
221,3175
399,9732
565,5565
353,7493
454,9234
902.CX19 1
1,014,8543
1.144,9729
1,1425173
1.219,8553
1,457.2030
1,7颯 曇
1
′,7484
2υ ′
3,216,7785
574調 13
650郷 91
874.8551
1.186.3978
1,42Z2593
2,341,24
2.468, ■
2787.8936
2,841,6685
lr.rEoNg(firDcr U*h('|6o
A6dCq?rqnr6o
6!6JCbo
A(,Jq'mrqnJ6.,
912,8940
b6dCq'SJ(ra6o
327.3506
895,0552
1.309,2564
LtB6lrd0r6rDo
689,ソ ′
D5
A.Bq,SJA0s6o
219,8963
857,4468
224,6980
1,128,1329
1,4班 0600
390,19■ 1
517,7566
0fdcq$erl)e)
4■ 0ワ ,1
632,748 8
737 935 7
9211XB 4
4,246.1339
2.472,05フ
4
Ao6A6A(,(io oESCUOr,ooaDo:
JrA&6o$r6A.ra6olro lrJl.ttoDo
826,739 17腱 ,7233 2.10212440 221531X0
'つ
V
159
∞卜 す０００︲
００００Ｎマー
゛卜０∞トマー
ＯＮ ゛０卜ヽ
トトリ一〇０
ＮＯ倒りＯＮ︲
卜ヽヾＯＮＯ︐
卜００００ヽ
０す０ヽヽヽ︲
０∞劇０００︲
ヾ∞００ＮＯ︐
００卜一ヽ０︐
Ю∞ヽ０卜ヽ︲
００卜ヾ０寸ｉ
００ヽ す∞寸・
０００００Ｎ・
００００００︲
リトＮい０ヾ︲
゛ 一卜０００︐
００マトトＮ︐
０卜∞ＯЮＮ
∞卜ＯＮ００︐
マ 一ヾ一０一︱
０ヾマト∞ヾ︐
０ すＮＮヾ寸︲
一０りヽＯＮ︐
一０のＮ卜∞ｉ
００∞ヽＮヽ︲
ゆ∞ＮＯ卜ヽ
トトす０ゆヾ︲
一い０ す∞Ｎ︲
Ｏ∞卜劇ＯＮ︲
マＮＯ卜∞０︲
マ０トトヾヾ︐
゛Ｎ●め卜ヽ
０∞ΦＯ倒Ｎ︐
ＯＮ０００ＮＴ
００ヽ ゛００︲
∞ΦＯりヾ寸︲
０００卜ヾ■
︐
０リト∞ＯＮ︐
０卜ヽＯＮ︲
︐一〇〇〇０︲
０
０卜００り︐
め ЮＯＮヾ︐
︐０
卜りヾΦ∞
︐
００００ ０︐
Ｎ００ヽ 一ヽ︐
００００めヽ︲
∞ヽ０トトめ︲
ＯＮヽ００倒︲
∞００ＮＮＮ︲
ｎ ︶ＮトトＮ︲
００Ｎ∞０ヾ︲
０トトＮＯ〇 一
０∞ す００Ｎ︲
一０∞卜一 一︲
００国Ｎ００︐
Ｎ００寸ヽ０︲
０〇 一ＯＯ∞寸︱
ＮＮΦ０ ００∞︲
００り０ 卜一０︐
ヽヽ０∞ΦＯ寸︱
ヾ０りヽ ０ヾゆ︲
一〇ＯＮ
０００Ｎ
Ｏ すＯＮ
ｒすＯＮ
Ｎ すＯＮ
Ｏ Ｃ Ｏ ｐ ●つ Ｏ ｏつ Ｏ υ ぃ ０∞Ｃ Ｃ ｏ つｏ つＣ Ｏ つ Ｃ Ｏ う０ つ つＣ 贄 る の ６ Ｃ うＯｏつ ¨
Ｃ Ｃ うのい
０ ゛一∞Ｎ一１
ＮＯＮＯ〇一
寸ΦЮヾ∞∞
卜ヾ 一卜０∞
ヾＮＮめＯｍ
０∞ΦＯ∞ヽ
︐Ｎ∞∞り０
Ｎ
卜０００∞
∞一０ 一〇０
卜Ｎ す０００
〇 一り 一一ト
ＯＣ マＮト
∞卜０ヽＮ０
００ すい００
∞０卜ＮＯ∞
一 一０∞Ｎ０
∞Ｎ ︶Φ ︶Ｏ
●０一卜Ｎ卜
ＯＮり０ゆ０
マヾＮＯ卜ヽ
００ヾ０ す０
一∞ＯＯの卜
０り００す０
０００卜∞０
００００００
Ｎ００ ゛∞ヾ
す０〇一卜一
ＯＮＮ卜０∞
一ヽの卜∞∞
一ＯΦヽ∞０
∞ゆＮＯ す０
∞ＯΦ∞０マ
一〇０ ︶卜一
す０ すＯＮ卜
０ す０００∞
∞０００Ｎ０
ヽＮＯヽ寸ト
∽Ｎ゛い０●
ヽトト∞００
︶ＮＯ卜ヽト
０∞Ｎ００∞
０ や００∞０
０∞ヽ０ヽ卜
∞ヾ００Ｎヽ
めい 一∞∞い
︐卜
００〇 一０
ＮＮＯｎ ｏ
ゆ すい す００
∞∞卜０ 一ト
卜００ヽ すヽ
ＯＯ ｒ∞ 一Ю
０りＮＯＮト
ＯｏＮＯ卜∞
Ｏトマト０〇
すヽ００ＮＯ
０∞０００ヽ
∞∞０∞０り
∞ ゛０００卜
卜∞∞∞００
ヽ０卜ＯＮヽ
一卜００い０
Ｎ００ΦＯつ
０∞ 一卜∞０
０ ゛卜０ヽマ
Ｎ卜の０卜い
めめ 一〇０卜
０Ｎ∞０００
ＯＮＯ卜００ ゛
い０ 一●０ヽ
００００００
ＯＮめＯ００
０い０卜い０
０ ０トトリ０ト
ＯＯ ｒＮヾ０ト
０∞∞００トト
００ ∞００００
●０いヽめの０
０ ０∞ΦヽＮ０
ヽ０り０ すＮＯ す
す０
Ｎ すＯＮ
∞００Ｎ
０００Ｎ
ＯすＯＮ
︶すＯＮ
ＮすＯＮ
Ｃ´いｏ Ｘ Ｏ ｅ Ｃ 一４∞ｏつ だＯＣ う０ろつ
卜０トマ∞い
ヽ∞０卜の０
︐
０卜００卜一
０ ∞卜り０
ト す００∞め
００卜０一●
り０ すＯＯｍ
０卜０ヾ呻マ
ＯＯり０い０
∞ ゛寸ＮＮマ
０い００卜り
∞∞め∞∞０
０リト一 一一
ＮＮトト０一
● 一ＯЮＮＯ
∞∞一０ヽヾ
卜 ︶Ｎ す０り
Ｎ００●Ｎ０
ＯΦヾ す０一
０∞Ｎ す００
ＮＮヾ∞０∞
マ０一〇０寸
り ００∞い
︐一め
い００〇
ＯＯヽ ００
０卜 ︶Ｎヾ∞
００∞００Ｎ
ヽヽＮ００いヽ
倒Ｎ 一卜一Ｎゆ
０００Ｎ
︐一ＯＮ
０
Ｎ
ξＯ﹄︶ｏＯＣＣつつＢ
Ｃ︻
０︶ｏＯ ＣＣ奴ｔ
念 ど Ｏ Ｃ Ｏ Ｃ Ｃ ︹ ｏ∞つつ Ｃ ● Ｃ ぅ︒ っ
０００∞∞り
００● ︶いヽ
卜Ｎヾ０００
︐
ト０卜 ︶∞卜
ＮＮＯＮ００
︐一ヾ０ヾ
い０
０り 一寸Ｎヽ
マ００ すす０
０ 一卜∞りり
∞００Ｎ
りヽヾＮＯ∞
０ヽ０ す０００
００マＮ寸ヽ
０卜ＯＮＯ●
∞∞マＮ卜ヾ
い０∞∞卜す
０マ０００マ
卜ＮトトＮＤ
一０卜０００
００００卜一
∞ＯＮＯＮＯ
︐
り Ｎ一０●
めいＯＯ す０
Ｎ∞ヾ０ヾ∽
Ｎ ︶卜寸ＯＮ
すすＯＮ
００ＮＯ卜 一
Ｎ すＯＮ
卜 ︶ゆ ︶▼Ｎ
いいヽトトのＮ
卜ヽ０００Ｎ
卜Ｎ∞０い 一
Ｎ卜 一∞ す０
０卜０ すＯ ｒ
Ｎりヽ∞ヽ す
００い０ すＮ
０∞卜００ す
Ｎ すヽ ¨ＯＮ
ヽ卜０００ す
００ す０∞ 一
︐
ＯＮトト∞ 一
Ｎ ︶り∞の す
一一 一０ヾ
ヽ０〇一Ｎ ゛
０∞∞０卜
Ｏ すＯＮ
一０ママ∞ ︶
００卜ＯＮ ゛
ヽＯＯ ︶一
００ ゛０∞ 一Ｎ
００∞０∞ ｒ
００りヽ寸 す
い卜い００
一ｒＯＯヽ す
一ヾ０００ ︶
０ す０一Ｎ ︶
０∞ｎ∽０ ゛
０卜一０一 一
Ｎりヽ∞０ 一
卜 ︶一０マ ︶
一め０∞０
〇０マ０〇 一
卜０卜Ｎりヽ
一０ヽ ゛Ｎ 一
卜００００ ︶
００〇一
卜り００り す
０ ０卜∞ ︶
Ｎ卜ヽ トト０ 一
卜Ｎ卜 一０ 一
∞００ＮＯ ︶
マΦ０００ す
∞∞０マ０ す
哺∞卜００
卜００００
∞０一∞∞ 一
卜ＮＮＮ ｒ
〇〇ＯＮ
︐
０マ０針 ︶ｒ
ＮＮ００〇 一︶
卜ＮＯＮの
ゆヾめゆ０マ 一
０卜ヾ０卜 す
ｙ︵りつ
０００ ▼Φ
ＮＮ∞０〇 一
︐
一っＣ
うＯＣＣ︹ｏ∞εｏＣう０のつ
卜一 す００
ヽＮＯＯ ︶一
８６
ヽ すＮ す０
０マＮ卜Ｏ
︐
Ｃぅ０
トＮＮ 一卜
︐
でつｏ
︐
ヽ寸 ヾ寸ト
お う
〇０一Ｎ すす
〇
﹁
卜０〇 一０ 一
０つε
∞ＮＮヽ● す
ｏＣ ｏ
=
160
23. g0bb3oq,gUo lrs6.r63er bs3s$6o J.r666oo6o figg69Ao
(sorsUo rEB qnq,r6o)
bo6o60oし o3b〕 60
66が 35
°
°
Jざ
°
°
6° qP。 5し o
O。
5bo
31:,°
l呈 印
ory6jgo,o
rtC66rc!(r6o
2275838
4259063
‐
10448430
15000106
a3t6.ro6.r
‑1848872
‑5643339
10366998
1442467
12724268
6107935
7055806
5247558
4805879
3897116
2457967
2555533
590865
2263790
%
2011
63113oro
288857
490565
366104
sBE
1434662
6-3q,6s63on
tx'r0bgon
936890
2230367
400450
tsoEgoro
6960.16o.:
56r0crrJ bJC6o,orECbUq,o Cao6DOCAo
162
112
4958701
4315313
‐
3531013
‑1023305
‑1618642
1639503
8468273
5536415
5296444
4263220
3892628
3492423
2821232
92
60
57
46
42
38
‐
1863340
2664241
29
‐
47706718
33611453
70577597 ‑56774477
61801982
92468955
lC10 0
668
X
31
g0Ufu oqgbo br3r$6o J.>6g6on6X0oU
14095264
21891357
0ob3qr3oor
buq
X
g6b$oq$lo U>3.r$6r'l Jr6,O6oo6Cbob
644
$oq'o,%
676
592
2012
orU6CCoro
1427770
13929375
‑12501605
15357144
150
.:tr36b.:c2gr6o
6268549
6335418
123
1670163
7641159
EoSgoro
256071
5970996
5659507
69t60r6o.:
385719
458160
66869
4300833
‑5403437
‐
5033247
4279808
12603967
93t1m6.r
5915578
5804686
75
58
57
5196129
51
6Slrgoro
Jffi
5418967
4737968
130140
4393278
2018207
3411301
1905761
3313870
3242994
43
33
32
32
l.toObgoro
2261709
696547
2609816
oorq)oJ
533301
2131569
2714754
704055
2709693
0obgq6oor
16567805
50312301
‐
33744497
usq
23774554
78421089
‑54987388
66880106
102195643
1000
697
642
614
654
X
bgq'6r63on
‐
2176391
pAb\oqXbo b,>3.:$6er J.:6 g6oo6rgbol:
paU\oggbo ls3.>]6cr Jr6O6oo6C6oU
$ogo,%
鞠飾 :喝 力、ポ寧ηじbKい 00｀6030bが¨
"50qゃ
ヽa、
"6o
X
161
24. gObbgoq'glh lrsalLJo66c,r brtrjrn6q,r'r 266gggbo
2012
2011
ror.rbo rdd
‰ Uttb∞
rorrUo ,>Ud
o/o gq,rq.
qxrq,r6o
x5わ o5
qPoq'r6o
a,r0ot6
1000
21891358
1∞ 0
23774550
4502966
2549108
5872963
2604776
1440907
1098900
1300857
206
116
66
50
59
879773
836595
247
110
58
37
35
tu3q5bo lrJo6gott 3r'66g66t6.6ooor
678521
31
gu{6dob 6iog6rql36o qgo,6o3bo
6o6gtt.:q56o qrr 0OJEr6o SgE Cbo
541034
476066
851353
61692
25
22
39
03
800269
648714
593408
535350
520625
34
27
25
23
22
838995.4
38.3
910986.4
38.3
gltrJot6go, bpqr
Orco 0<'r6ob:
AbUbUdo rg6erA<,rboq,Cbo
g16mBg6sq'6crbC6o
rto6o3.:6o lr.:Ug1l96o
erjCto qtg0g8.>gfu qn 16 6.rb6t6.:qrqr.r0g0r3gbgqn
orl5oqn pr lrbgr 3,>3.rq,o
1372213
lrJo66o goroq,olr r6,rACErO06o6CbUqn 80 0c,r6. % -tg
IrJoq,gsdoL 6.rqfu6o Ar J(,6OC6O6JOCbo
brr6bJqn
q-or6r68C6o
J6<'rer.Jdco.:
25. g0Ub3oq3bo broASr'r66el bJr.:jo6qxn 2669966o
2011
JUd o/o-oqre
@erq'J6r, X.r0or.:6
JqrJJo
oAJo60o, UUq,
.ror.ilo r0iJ
o/o gqrtq.
Pclq",:6o
xJaorJE
70577597
1000
78421089
1000
9109755
5105453
2366331
9510415
6627593
2526683
121
1842322
2013772
129
72
34
26
29
133661 1
19
1188334
759230
11
1045461
1020597
14
12
08
646
925654
905649
884822
50082146
Orcn 0o6oU:
6.Boto0o qt 64ox"tJ6<'r(131lSCbo
Ar"J6&lo r3$erA<'rAoq'Cbo
brgolr'tbou Jo6gbo e,r ro6olrC66o ErbBot6$grqt6)eCbo
tx'l66rqrr
bra3gr6rq,<'l LrA"$q,C0C6o
broCq,Ctso6st $r6ro0bo, tsoihC6o rE b\r gtspgEo
ilgq'xbrtrr<r6rfu
6.rAslao8qtq'o AJ6$690o qrr a.rorc \r'rJcoo
Brgo q,oorr'6gbol.r aCorqx')Js6boOft looCoo
Lo&6rCOCbo
867427
570559
c(d0eJ({, 06fl8cr6ar6oi6C0o
455′ ′
540
Ersvofdqql@@op"
い
:ヽ 卜 Ч 製
Ob鳴0わ 03｀ 静 び 秋
"―
b‐
2399532
2324800
85
32
31
30
15
13
12
12
11
639
162
26し 、
。
5し ooO00o50
806δ 5し 06。 し
0」 Om6。 し
(306ooQOも 60で 0し )
2008
JoAC6OoCq,o 656JC6o, buq'
2009
2010
2012
2011
20
19
19
19
19
17・
15・
16・
18・
17・
046
043
043
043
042
3oq'orq!6o
124
120
119
144
142
b96gobgC666Cbo
559
513
522
564
691
0sor Eottrolr:
UGb<'lU{6o J$o$rq,olr Ot'r$sfu q'Xoboor
ger3gqr 100 000 3rg$X
3o0366opq,o 616396olr:
V
6r60brqrC0uq,o br$glrqrSbo go6qn, rqriJo q'r6o
brrC6or'r JrJoOJq,o, JgD ro q,)6o
625616
673419
805147
915583
909167
1517250
1516988
1787647
2104361
2390064
1030
1352
1624
1500
1029
2350
3083
3661
3356
2288
27
18
18
18
18
18
38
49
62
62
1
1
1
1
1
13
14
16
15
15
7
6
6
7
6
3rq?oob btaMo3q,cq'o b6coc6o
(q,oOCEbodrCqJE o)
go33qt 100 000 3s6b3
rt6sbr6.t63o bsqrXJobogcr q-o,>$3b36pqp636o,
36o43q,o
0o36obsgo6$bo o66s6obr6o96o (q,o6g6bo690gq,o)
bsgo6q.oo 6o6930o, C6oCUq,o
l.r.:qgrbq333o 3r'r0J16o3bo (0<'rj03qro),
36orXgq,o
lsfu6boo bjgO3bo, 96orXgq,o
.,r6s6rXtoqrg6go
0.r6330ob goq'o.lqr3Oolr B.to6q,oor.
163
27. ttsjr6or3gq'otso 0oj03qro 3rn0366cr3q'o bs6pb<tr bor 2013 $q,olr I or636oU Oqrbt'rtuCrXoboor
N 6
¨
bヽ かヽい
I● 〕
I t l, br6Jc '6Clrl,J0qn&'
2 t l, 'J6%rOis6Jr,'
3 lir 'on6<tr brSJo'
a Ub tud!(6o'J0qd, br6Jp'
5 l,l) 'q'($ct6orr 6r6Jo'
6 l,l,'brtcl,br6go'
7 ljb 'goorrao 6JEJp
I lij 'a.r6:o jyqcrrc'
9 l$ 'J6s}J6r$.qi 6i5Jo'
to bU ',16lSrbsrcfrri brSgp'
11 Ub 'aoc,nCo bJbJo'
12 Llr 'oftclrrJbr6fi'
13 oD.6. bb arr6Js) bJ6J.fi' orSq'dr)b Boq,(lr('o
qtru'$.illrrn 0r6O@ri6CDd, DoSJdr'
o$(('drfu ts(,qrtlt{r)
Ub'rt16&xrxJSob l$C6trNAcrrdx.l 6J6Jo -
ぃ
憮
・ '
も
し
中 び 歓■ヽ
同 静う
―
04021992
5
25021992
10
20011993
Ub
\'o3
aS3o lsj.rtto6gqn'
bU '6,:63o 3e6\H66r"
bU '(,xJf,CCorfu oA bJEJoU AJorCrilJ tso(,(IJq,.,'
oOJa3⊇
ヽこか も
￢ゴb6゛
向 」
"率
い q「 も あ α,oい ら5
8
∞
106
13
45
15121994
86
1
194
10021993
96
72
175
11041993
173
07051995
226‑5
15
1
09011997
冽
3
6
13051999
2∞
26
32
25012008
0110245
19
13032001
238
11
29092∞ 3
241
3
31001998
231‑1
02121999
2341
07022007
0110242
31122007
0110244
29012008
0110246
03072008
130
13072012
908
bJCJf,crBJqx'rr
tir ' J&ra6nb 6$.p'
oOjap
17
164
28. 3o0g66ogq,o br5gbolr q.orl6gg3br Buq,rq'o brboo br5,rq(rCbgq,o ls$gbqrXbo
3sJogrq>olr Oob3q3ocn 2013 $q,olr I os636ob Eqr6o0s6Cobocn
5 q-o,56 l0 0q,6 q,s6r0p3
・
m鰤
I 0 aq'6
6530)
´・
o611b・ ヽ■ も oo調 3tDb・ 090bOb 9で
q'r6o er ACO.
ωΨ 0
づ
LL鞠 ´N00あ
630・
etIU 'JAJJkrfJ AJEgcr,J6,C6ob brS3cn' o$oqtkf, gcryo.:q'o lir '3oor$o b$3o lorc26or'
Itlt "orytlj3or$ oA 6s6gri 6rorJad, tsoqr(,r(,(,"
―
●●
530・
―
bb晒 ´・●かり、 り35・
btt k
ぃ %b● 530・
V
bb・ d砲丸゛●
530・
o‑Oo榔 ´・
bb・ ●
bb・
qpo´ αぅ6530・
bb・ σ爛 れ o3530Ⅲ
bb・ まち
n3埼 ヽ 530・
bb・ 。
い
,X。田 〕
嘲 血 剛 碑・
蔽
03530
…
bb.い で 03お 530"
bb・ 3幅 60b
53げ
じ
じⅢ
a● 1。 .ゃ Щ い が
'
V
155
29. lrrCr6oBCqx'Eo A'Cfocn aoJic'.rr$draxr
ar6aiSo$rooo0ol, U(tr 2013 Eqrt) r
rN536d, AG6{'fln6c?$oo,
5"…
¨
"kシ
t U, 'j$o,"e{ Jioq.6., '
2 lNt 'rqD.$t2OEAo'
3 tJt 'o'loC{.t5dh'
. t,'sqBsd${rcto'
s IBU'r<!rJiCe.to'
6 lJr .r ItIJica.{F.
7 a$'o6doc'du!qrb7s6)(.6'
3 o!l, '6oJo xiri6dr.'
rl 0i, 'J6OGlr'
12 !b '}'JJd,abJfc(eoeF'
13 rrY, '66C6J6Cqq5o'
ra Alr, 'J60eod [0itr.*o'
r5 tn lpqp b$!6oEe.,'
6ooOb00mb
O
041● A●
―
1叫
…
1■
‐ 10‑
1… 1‐
■ 11‑
0110"
12貶 a7
∞ in"σ
21…
"C‐
輌
…
…
11
10¨…
…
∞ 112)『
1● 1107
(2r7
131‑7
101‑7
a12x7
∞
…
111207
121207
131207
141207
2012Zロ
15127
16 lrl, 'q'rto.}t JIJoors,'
2101■ 国Ю6
1● 1●
t7 Ell 'J60Q.dlcltAdh +'
は ●2‑
13 !.$ 36.'luq! J6rqn6o'
0304"
130●
1‑
1…
21‑
20 6X, 'd&q{Acrr'
21 6Jr'os(t€oJ6rB6!aE6o'
22 OJl., 'J&'an+'
…
o107‑
如
301020∞
241嚇
251嘔
t3 IrJt _d.5C6! rirJliCl, xl,r+Xo'
2a Ul, loJJ6Cq.Oo'
2a Alb lJ60qrr5o'
25 A!U'o!oJ6OA lrr'Xd'
2i oil,'v nIJ6reE0.'
27 lilr ?oJ6.B6!q'oOo'
2a U, 'Xu6Xo$ Jl160i!eo'
29 OJt '5.,J JliCqDo.Rdb'
$ cll, TA6aqD0o'
3l !,Yr'EoJ6noSBClron'
3, [IJ$,lld&J'CCA"0"'
201α
27● 12∝ ロ
"
¨ 1∞
壽
"曖
0505…
…
∞ 03イ ロ
2005‑
1417■ rЮ ●
…
●400‑
…
2511"
1512…
…
01022010
m lo
381109
301額
r. lrr'(+JClrO X.tt,(6r'
310● 2010
35 iBlr.,r,D<,J6CSEoo.
11102010
421010
3
1310● 10
● 1010
d!1, tlnsa,6
9.65$'
37 tIr'B.,6rdrJft, J<+slb lot'OClthr%olr'
s tt 1Aol, Jrlq35<h'
s l}!lr'$&\J{' J'rC<b6.'
441010
1010」 010
451010
27102010
401010
10112010
4i AtU i.6Brl
4 aJrl T"Rr J6rq"Op'
ao o}r'G.oc-+it.r '
r. a$ ir5.' JtJqnoo'
a5 U, ko dtLt5q' aJ6rXAJ66o'
6 ?rL \olFJ6OaqJo'
a, aL 'XoJE JrJ.,o{r'
46 tlr'qsr<' Jti(Elon'
.e a!b's{auiJ'6Ce.t'
$ lL 'ao a56i, J6!c'.&'
51 trl, '6BrqJ6cqoop'
19112010
401110
29122010
511210
20012011
520111
04● 21111
530211
17 03 mll
11
18032011
…
螂
20 03 all
‐ 1311
11
a04"11
10∞
"11
14は 2011
‑11
鰤
15∞ 2011
'1
11
2100カ 11
…
010911
53 CIr'J6Cqrtoa'o'
2D∞
‑11
s. Ut, 'J6ca.O.)etrD t(oit)<or'
s5 a,& tfq(s'
s6 OX, '!.60 J6CA.!5o'
201Q21111
2012■ 011
061211
Olt '"&lsair J6oqn6o'
23032012
‑12
A$ 'J.6OdC6Orqt lxe J6JA.6o'
03052012
00512
5e !$ t$6a,0Jqdr lr5b{6o J6!qx,0o'
€o 0,!lr'Jl6!ptlro'
61 6ltt'gffh&'Jtc€o6Jdrr0o'
0705カ 12
030512
2211,12
701112
@ a$ Tidd G@p'
07122012
711212
',$
"11
● 1011
23102011
29102012
166
Ъbdb6080ROb
860863RO もも530
tso5!5lr36o s56sr6o?6glu
2012 $'qot 3l ql3X3br6oor qrbdrSqXljqo
$qolrsor3ob
167
ももdb̀080R03 060860RO沢 30
tS̀6080
0336Ro
もOR80R3550R06015 3bし υbOし a
oRoも Ob b60b̀080 2012 ? マOb 31 R0300も 600
Rbb̀bRObυ RO VROb5000L VS600R0060R0 806湿 b● O S66b6α りODも Ot 800ヽ 5R00bbb Rゝ
RS8680000bヽ 0
Ro3o■ ´ R3匈 R。 ■甲 6060ヽ R、 LJ
1
2
2012,Rot 31 R00JÒ00 Roも
tRO▼ ROL枷 80b
̀DR゛
6。
oЪ Obゝ
8o6s6b■
̀0。
am60b.、 。 Rot Rδ L6■ R00000bo3ROb。 66s6o■ 603b
34
̀、
ふ
。Lぶ 。o601ち ,s
̀押
OR゛ 0｀ もo66o6o、 や。
3δ め伊 R■ Oo諄 マ
3oR6b■ 6o OR600δ
3■ R● ヽO LoЪ L6● ob
000̀満 L、 66 o%ゃ 、
8o6δ 6L■ 6o66● 6o■ 6●stゆ
V
0。 映
Φ択 o■ o6o■ 86● o
5
6
7‐ 8
9L59
Lb」 さ6〔 D30ROb
06o86URO もb680
b3R8沢 &崚■Ft060b 3、 ‐ ob00お ,印 mふ Ot.b6出 mm 2012 VROも 31R 003̀oo RSL6UR03■ R0
7RotSo8鮎 ?轟OoR甑 oRo 8o6摂 ■8605喘 60■椰 Ot ooos択 00sb Rb R50o300お SЪ 0
8o6
●
もlⅢ o。 66
t肺
お 沢
♪ Ob。 し もORttR3。
0●・600こ ■R。 こむRoR06■ RO M0600〕 ゛ Ot
・ 獅
・
0珈
織ぎ聰
00。 し。 Rδ O。
00も 5800● 田 6び t■ 0し 6び マoお ｀」
m案!?脇濁器繊」
,電 鵠
WR°
・
17燎
町
『
606♪ oRo
lflttt%::δ
60興 0さ 。 ｀ も■ bOも ち ゛ 」ROゝ
6■ 6田 R押 3b
%6000R00り 、
し600L R。 ■。
し
36o6003ob bo30000質 で
｀
o7δ
o 3o■ 50bO■
30ら
も
0'マ 0姜 3う 6agマ o3・ さ
ら
りし
誤10゛
̀P3035し 'Woメ
° R° 0い 6°
・
OR。 」 6660即 も し。し ｀も ■
6が
00り ■、38ふ 。Ъ3 で、60668｀ Ls R。
・
:∫ lII脚
f●
・
し,。 6000ヽ ヽ0,6
し
■Ъ 603ミ Ptlll
̀■
ミ。
TRStt6o。
・
°
P踊ミ
鑑汎f7穏 蹴 露lWt' R'
b° 06° b
:::!胤 出 翼:::tiliIP̀°
° 0。
でRmOさ 0、 R。 もbOo R。
̀史
■｀
,u:l*:r*.u
600,マ
boP3SR し｀き。60 」a訳 03o30tl
800030b O。 30R● 5o00R゛ δto Ro δR30506も ヽ8
2012 $qoU 3l qgnSdr6oor qrbr63q3J_trqo
0。
̀■
hか｀
m択 。
b3● h68R゛ ROあ ヽ
0ヽ 静
$q,oLrorSolr [sr6eoq6n6oqo go6r6Ll6o .>G6sr6o?6Xds
66erx5trq'o aos,lnl t oalt,tr dnxo qo56;,gnrXq"),T 6oa.,r,ii3na"q zou fq.1,
ii
̀Ob
lr5,;oL lrs{ob
°
択6oOも PL
P6訳
翼
懸臨 ∬∫
器
6oo166o joql6odn
lsqo0g lrto6gqrd6
29 0o16[o 2Ot)
ordo<o bo, bl;foiaXngn
29 3u4[o
13
odog'o ln, lt;JottaSXg,
Ｅ曰
ＥＦ
169
R5&r?d"RAI0R ia*o0cr6o,s Rsltd855
Lrjur6orgnqoL nt6og51qo d.>5,1oL lr$|oU:
qslr;6tu go5o6U76o s56v6ot63}ob lglrstg}
8365 ff.>3.>g.>6gor ltjrr6or3goL Sr6og6Xqo Br5;olr (,,6r5;oJ o.r5q,><6o1qo goSo6lr2t6o
r56.>r6ot566oL ,:1pogo, rrro0Xqo6 0oogsSL go5s6L76o 3q6o0sr4no6olr s56;6oB666rL 2012 [qoL
3l qn;g8dt6ot Sq6co8sr4noloor, .>6dr6org6 8.:Lorr5 qr3.>3?o6gdlqo 3o6Xd>$.>6.:qobr qr Ub3.>
lrr4lqo ?n3oLsgqol.r, ,.;$o$.>q?o ggqoq6dndolt Rr EIR.rRo b.>blrr668oL 3odr6.:oloL
r56,rr6o?6gdgdU 2012 flqot 3l q6;n0dr6oo qrlx6lq3dlqo $qob,sor3ob Rr d?R!R06Iqo
rqr6ogb3oL Joqogo,jolr do6oorrq,o Jr6o6goJndot.: q.> UL3.: rbt5s-5.>53or6$6dooro t66ot35n3oL
0o.yq3 8o6.:butL.
t6qAdq6sS6Roaot Jsuatol0aaDqof,s 8o6s6l,a6 s56s6ofu$s$6
dr53oL bSqOdq3sS6RoEr $L?boLaaalnq'or .>0 go6s6lrl6o $5.>r6o?668ot Oo8$rqndrUs q'>
Ls0ir6orqorS Str4q65r'bn goEr5t76o r55u6o?66dot lrsnr6ors?or6oto L$;5qs6$nBob t6trdr0olr;q,
q.: oLXoro ?oq.: ;o566oqolr boUgXSoL 3$r62536q6ro3;$X, r6o36qog tnq8dq3.:51qo6oL 3onr4
0ooB6n3s .>2goqglqsp ot3oo go6s6llj6o ,>54!6rl?AA1rll, 3oU$$rqnEqrq, r6o8Xqog st6 ?6o6s3L
?66qcr3oorl q.> olqqoorodoor 6.>3r'r$361q r6b6door 1$31$o6lL
riqo6qn6ot J.:UStob86glqsnu
6315o J.>t1bob&6nBqod.>.> fu65U 3<106 BrOv60BtR rIRoO$6 qr6r4qSodoor 5s8rnSor;furo OoLr'bt43d'>
s3 go6r6Ltrr4 .:56ot6o?668r$6- 8365 r2qo$o fir3r$sr6no rlqo$olr Lr36o.>?el6ouel U055Rr660do-1,_
?3L;d!AotnR.3L Lg$q.>r6$6do &mobo3U, <6o0 8365o lro0lBro ?nXL.>dr366erynlr 6oro.loU 5o60nlt qo
ulqogob o366.>6.>R RIA;AAArL; Rr Br6.t6AI.rL, 16o3 0oSoqoo 1$67$o 6!'fu56d.> oOot,:, t6o0
go5,>51136o ;56r6o?6nbo .:t6 t6og.:glr rr6Lndoor 1ttrU$o}.>lr.
.:2qogo 3tnog.>31 6o6661qo MoglqSr6XdoL Bs$u6nd;U go5.>5b1r6 s56r6o?66d.>?o [$3oq6n5oq
orr6bSdll.> q; 6.>63sr6g6d6dou6 0o3;r4o6d.>to r?Po6er6?Ro S6jog6}1qXdoU &'rU.>Jcr3nlqrq.
?36BX1qo Jr6oggqT6gdo RrAr'rJoRClTRob slgo$o<6oL J6oglLoXq Slrysqols$;' 6o0nqog
Sroogr3t go5.>5L16 s65r6o?61dr?o orsqqooro8oL rE ?66qo3oL t3q364 Srr63oJ05oqo st6t6dooro
1$1l6odob <6oL;ot ?3gsL6dslo. r0 6ot;XloU ?6rL$olsL .>6LJAAqo 6.>r633r'r3}$oL ?XL.>3g6olro
rARo6o6?Ro Jr6og6qj6Xlob ?g31tu36dolro3oL, 0.:6t4.>3 .>16,> br5;o[ ?oq.> 3tn5$t6etqolr
ng6jg16od.>$6 qslr;35oU 6.>;nor6doL 3o$5oor, .>2qo$or6o oo3rqolrSoSndU toq.:;o5$<6oqoL
LobggSndb, t4t'r8ql6og lr.>|or6r.rs go5s5U2r6o .>56rr6o?63dot 0o0t.>q6f,oL.r qr 6Xrq3r4o
$';r6q6g5olrsor3oL. rlqo$o sbngg oor3rqolr$o6XdL 6r3o6X5Xd1qo d?R.)R66?Ro Joqo$o;ol.rr q.>
h3q8dq3.>56qoloL 3onr6 6r;6o6b1qo dSqrq$r41qo prtgXdndolr ?XltSn6obodolt q.> go6sSlr2t4o
r55;r6o?6ndob [u6q6n5oU t33tL6drU 0oqo.>5r'r]s?o.
6365 3o6g.>85o.:, t6o0 Sg.yog6dXqglndo, r6o0qgdog Oo3oJo3no tlqo$oL SL3qSqtndobrlr .:1qo$olr
RlbJ3Solrso,Sob U.>;0.>r6oU qs 3u6ornblq Lsg$3nqlr $'.>r43orq665L.
RslrdSS-J
6365o s$r6oo, S.:60oq6n6oqo go5s5L16o .>56v6o?6nlr, flAARr b6tCloolo .>LJSJgot
5;or3uqoU$o5gdoo, L$;6opo.:5rq ultbr3L 0r5;oU go5r5b16 3q6o0.>6nod,>l-r 2012 $'qoL 3l
p6;n0dr6ob 3q6o0rr66o6oo, 0otro UrJ0or6rodolr ?Xqn6n6tt Rr BtRrRo L.>bLr63doL 0od6.:odsL
0og331qo or.>t6oqoor qsbr61qld1qo $qoL.>orgolr go5.:5Ly6o s56,>t6o?6XdoL LrXt6o.>tot6olro
LgsGqrr6gldoL t6trd;3obsp.
29 0;6So 2013
at do q' o bo, L,>J,x4 oXX 11
o
170
ももdb● 080ROt
06086UROも b630
00000ゝ ЪS6bR軋 ぺも Lb8S t̀bR0 81aclbs8ROLゝ 50ゝ608600ゝ
2012 7ROL 31 R0000● 00 RSt60R00DRO VROb080b
いの ι″3ο の で 。
̀υ
?960?6.!
igtotr6o eiJA6sGo0Io
q,>gu63oL 3,:po0qX gqoloqo o6mtgogonlo
0ooLo3SXlo tsXr6o.:tsr.rr6otro go5s6t16o o5L0o0f,6AloL
lrbns
$qolaogol'
tRobso)8oL
４
３
２
6oL,>Xoq.>q r6tXdXqo oSgXlrgoljoXlo
113.>|<6o gslm.sSo ihq"RqA]"
RAdgddoo)
qrk6Xq6llqo
586
5,0
579
３
４
０
８
７
秒
︐
７
3oLt6s,
z)ll $qob 3l
Rolrr6;RAEiRo
９佃
５
％ βリ 鰤８
︐
UsJt'tog06go ?60oltg.>qo
1LXm:."
28599
32■ 72
qrgo63oL n.>q.>3p3 Sqoloqo oS3nlrgogon8o
0oobo353lo 6ntoq656o jotu5t3r6o oSLooOAOAlol,
31,811
34p64
0o0s6or
11272
B■ 60
rq6oqo&6o6o oJn6rgoglo
139
ml
43ρ 22
47625
Ut3r
6rL>6opuq .:6L6iXqo oS6lgo6onlo
9,192
16,178
52414
63,803
81p13
96,175
(14,01,
(16,28)
lr>Jr6ocn6go b6?go
trgtoX6o oJn6s6ontro
3oqqndlq$16o Lsnr6orsBmr4oLo goErSLSt6o
o5l,6o6i60aoU Aoa.)6o,
sp6oqt'r}6o6o oJg6rgog6o
5o3oE3Xtrtrqo l-r.>3sqo gslmSo Jsq.>qqgdo
3sqqnl1q3d63o 6AtoRJ56o go5s5tu6o o5lJ6o6l60[oL
0o8s<6o
136,7731
(38β
32)
(B』
(10,892)
16425o
x66,152)
16′ 58
∞仰
V&rGRr lrsJ6e)OAS6(9 t0a(',kr8.5qo l,sJ6oOC56o Lst666lqoU
Ajo6n sjgo6nl$3 6.>3gsLtr6glolr qsSr6sr66nlolr r6n$nr66ot
.:qq6nGuOq3
Lt3r .sjgoSnlt8 6s13sL26XdoU qs6.:,1.>t653doLr r6Xt363oL
344
320
17,ll12
30β 43
.:qp6n5.>
SSoGq.r LuJ6ognSgo ?nSolrs6sqo
-Us,13r6lxr LtSrolSdoqsS
-lrs3sl<6o oJ66sgo3doqr6
lroSo&lrno t6Soh3qnlo
ts,.;oSoLoo Lx666do
$ao6q.) A<'lAJa.J($,r6rRo)i6J.tRrrtJdARtr
Brlrosso
Jlq.rRqflaop.)5
$0o5q,> s6st63.>qotnllqo($s6sqo/ao6nlu gslms6o
Jsgsqq6doqr6 qr $rr6&nSlXqo o6lg6XaX6q$oqs6
tL3s B33ol-r.>3q6do
56hl,sJ6(',O050(, ?Aao,tJAlRo($56bqo)
3鰤
22
5
(B4459
(14)
435
(1,61り
２
７
︲靭
鋤
師田 聯 ⑩
初
S&59 &o6nl.{$st6sqo) ngto2r6o 3.:q1goo,
6$tot60onq0l3q oJXr6oljonltg:
(132332H
▼
LSdδ ゛
XD30Rマ Ob 昴 086XO
0囲 出
剛 鴫
嚇
軋 31嘔 0厠 叡
"12"ミ
●ゐ昴滋
"マ 筋 η
bb630
baゝ L6訳 O
"Ю
O Rヽ 6‑つ
a180b‑Ob
RO…
650Gttlttb
20,7口ゃb〕 l
20■
7,゛ 鴎
鴫躁
Ⅲ…
。
7口ゃ
恥… b
R■●口
ゃ 晰 跛 "b0
…
ゎ６
o,r5raif6c,AeflI$fl A.r9fl?tq(l b.D{6?(flao
Urnt4oro q,l .)R&6rrUOd'rOoAqo b.i4f3lo
"L
7Rpb 31
(■
(5454)
'1つ
６
AiJgol, I1lRAot bs.t?ao
olliro,o pr oktoots(Jos
$sdsqo drx6ooroeo lls?1.lqgl1a<rb 6.>lrSqoq$
閾
(8´円
)
(4519
(3,753)
(3
(349)
(123
(141)
0鉤
CBρ
8,01
Yqob fi$q.) 8oaOW(tsOlqo)
,
(1454)
trb3.> Lxi13ao
*sto.ltfi6n56cr todXo
(10262)
(4718)
(
)
刀
lrbtD lr.6!Ro ?nSolspqo
S&r5er !6.61.rq,llt1hqn (Lt6.)R,rlf&',aA}l b.rlD1oesq
!t4
l,A\qo osrcl,Oo3orrrry,nS
(8
[qot ll,l6,!qo laa(.|ll5ahlqd(t !6iRo)
b｀ き
。t
3)
5,:80
318
(l19,43)
Btr5nEUCloU.) q'r dlr1lfe|dtrlqo nqt6ogt0ol,
qgJirq0,!8066o1, ?U6ol,o
lssSrAO bkxtt$q$a
29 0utfio B
o, ao<n lro, l*4lxrt o4gq t't
°
:.:諏FttIRよ ヽ
Pの
・R° 060■
。
轟
ミ
。
29 aidfio 2013
oiol' o lt o, ln6l'xtl a 3;19 o
860も o ,ò00ヽ R。 36L
800J30RO o06● 6bu o o66o6oO。
●
oも
bbdδ 608沢 Ob 860863gマ O bb630
30656L■ 60訳 6oob6oo6ob b66060■ 6あ s
2012 7ROb 31 S0300&̀Ocn R洸 6ョ R03bRO駅
oosltodoot
oは
5o80L
31興 Ш β 漁
8060■ β
.d6"a0L.
lJooanro toL('dlro arR'AoEl
EtqD Es Arqot adra"ece6ca"
arbnr.ry|'R
o6,Rto
7
8
9
.J6"flJa"
10
!6\i!qo "taOtr!,(J"a3"
Lh! sJbrt1rlo
ostqoeW srbarN" dfi:LCrr.ar.
acDB3Bs0ln gp6l6t'i6o o6tooot6aloL aoes,io
11
1
z7
11493
124,7
391,76
522,21
B,5
562361
2,818
15
16
17
thr {6.'J0.o
2481219
器
14
ff.Ocr6NRi6o rd6o&ri.
151,69
脚
コ :
1: 3
8,159
8
B
tR"i q"
1
373,■
謝
12
R.l"..r'Aol, As{.!aH
.GAter,o"SA"
6sL{oqs( 0r6JnoB6oqo dor6@,.)*o l,.r8tnq0}0}n
dd6.to'!qo tl?i.'q6a1lo
1214
12
17
5r0o80ao a.t('a6rRo aiRiCog,
1御 却
186
B
RsA,)5Sol, CiN.IS|PA te."l,<"q" oSUtr5.l(loaa.
2
355
366 5
:474
3,160
74,72
4̀25
7422
LlR !ih.&lao
5,′
27,19
5m2
43
5
′
4144
̲
5ρ l
1
&)RR,IARAU,.O RJ d5$6JRG
SrqpolfR0lAAo Lonr6orsfo<6oLo l$0Dq,i6',
l,LAo alRq06ilRrh&
A(!ER(IU Aoair6g,
J.lRqJa.,qd0t J{q6ocant so€rddr
Ar8('lAoanqo L$Apqo| tsrt o,)Eo JorSoq'Raa"
bbsr srqRodiqAhlo
８ ９ ︲ ２ ７
︲ ︲ ２
１
crR8Ja'qAarao S6%6!qo s$Rr6oo,
a.al',Jije!?o olqaateo Aiqo
a.'pRabrRJa8an 6sr,'(a6dn to6ist X,6n o6uooOAoaaob &€d(fu,
t)RR0a'dRAf0a. Sosr6to',r t$ffiotl6r6l,t, &,a.rro
761
957185
184p33
1,卿 調
659
:499
2,112̀18
2298鰤
1,18ρ 59
1753調
392■ 08
385852
744̀"
573■ 18
621
442,128
1,168
562』
12467
8,618
UnR grqq1.tedA}o
̲
３
郎郎２
dJJO6JR*
lr.\!CbR0do J$oorqo
一
A.)UAAot 6JtA6So
86
945,146
2092
７
９ １
C.tEp6ffEAaaAo 3o5.)5tE! Ll0.6olry,6oL &glriot
︐
a.)eqo&F$AA" 6A$"pr50., BpGrGlt *, l5L6noi6raob &ar{4ol
８
︲
3Jq{:rLFCdotc
OiReOfE aOIo mtirA.tu A.EfOs,
■4
15m
27
15脚
9
̲
8943
17̀06
4コ Ю
q'o)
14672)
28″
̲
27"
4144
5,′ ′
る
oも
き
̀凛
″ あ の ο″ ″
″ あ の θ″ ″
O δ60ob80b
れ ″
%黎 ″
簿鰍そ
。
紺紹乳中助Ъ oぃ̀Oo螂 ¨
。
メ
凛Oo駕編うo66。呼
6XOも ぃ6融 tlR
▼喫 し
̀酬
6♪
tbdS608駅 Ob 86086Ug10 bb680
3詢 00蘭
l,.VabRa..,
JsJooreo
い ｀標
麟 Ⅲ
o■ RIコ 6● b
●●00bい b
61嚇
暉号甲
OLoL60o‐ b
…
I o-$t5.6o ,Ir1l
15mO
"
●
¨
中
030L
い
い
¨
0 03RORO覆 ヽOLヽ 出 0設Юbb
0303ふ600R出 ●ORヨら,R07R船
"12'ROL
。
″
r―D空 塑 マ31史
ぐ η
駁
ぃい 中
い し
静p
̀aヽ
'鯛
Fqnl' l,6rqo trr6lqo
●笏
ら郷
17L763
5,180
(い ‐ )
(19諄)
‐ 986)
¨
A.5i5b.E
t.8n5oh0ti,l,orDl,
a.)*!.riqJbc!
l,rr6Atr68o tso6R{'R.'5
alRs0.5s
K60・
02)
‐
ω碑
﹃¨
nGLcra6o srRr6ol,
6sqspLx6ol r46$xft?o
3r q6J[Bfo a)II
5,ρ
00
asero,!tu
卿
YRol, t{ttRo aroaas
17m6
0
(り
鄭 1
27″
318
Ujb.rd6r' sreurol,
0l4.)tr!lr0i.l.t i66ta6a?o
A!R.)O)6! (q5o?05r 23)
3l qAdrgAado 2Otr
4309
lSЮ∞
‐
14コ 09)
4μ ,
■943
̲
″
Bo5r5lr06olD Rr ItrRlR06Aqo rR6oObAoL
RCJ.)60!aC50ol, ?86(')l,(,
lsqo0X bbor6gq$6
,″ ′
̲29a)■ り
J
″3
マοιら ι,ぉ aaγマρ
29 0,xiSo 208
otdoq,o lto, [;;1;6aXg't t
9-9 63X<6q3d$X o,J5Rr6ortrRo ?g6o?g69lo $or60osp6n6lr 3.O03?q" Bo5r5lrtr6o oS6or4ot6Xlotr
0n5?U{,RCR SrVoRlr.
甲
2
174
tb」
b6080g10t060860RO bb680
ヽ
￨
3bRSRO LStt6000b 8936S030Lゝ 66S60■ 00bδ
2tl12 7ROL 31 R0800b600 RSt̀URObυ RO ▼ROtb000b
ι
″3ο の で5κ aヴ
●″。
,a6o■ 06o
Rob 31
、翻謡I:線 。
▼RO｀ 。a。 も
&',\0.nqo J6(!0JGS'
104
a.{rteoRo J6oGO56o
Atq3liRo l$J(''eol.l.(, ?n0otsgrqo
(ω
o.(JbRoR.! LsJdoho LsqqJio
lrw6gotgqjoo A!l,o55o drR)qRodoRr5 &{J}.JR0 YAoSRr
9
'50
l l176
(8Zり
ROЪ 31
"11▼
、aao00̀(D
Rゝ も
̀DR003(o
oい ooOL
▼嗅
¨剛②
呻
fiR540 lAur6llmt ff &1J06J WCTIT4JOOO lNfO56gDOq55:
"12軍
12.176
SaosRs r6c!qo$0aeo $s6sRo Actoa6o asRAOoo
S,55b(96oo0R8lrq(l (,Ja6.!(Joaa,,Rn5
Lt3.: SoqXESqo !58ols3spo
oi5.)A'E6agR0lta S.)Vmqo br6xalo
32qou da|Ras$g oslaAqo t)6Io
(14o
3■ 74
0L31η
(10,62)
(9,98)
13,99D
(5,321
(547o
L5cnJdrrcoo .)J6ot8dol,J er A.)RRaalR0.Aaob ON{'eAfaAlAqa
( RryJqcli 1,,)(,J06ro@ sj,Ooaaa?o:
a(9ohalasoao so6sSbn6o osq5ooaocaol,
3o0s6o
SDR-ol, .it0s'6o?o Ui8d'o.>?ax6olxe
l,rssRroo Ar,6R?o
lrrAsi6a, B.)lro!5o &e"qeOA.
th8t sjo(,JoEo
興
呻
¨靭
V&5R.)
こ
gtrq.:po lsLb6Xlot &rd6ran! bsoJ86r0.x, 1,.!&or5(,do*.rq
卿
獅 呻０
¨
LU3,> b.>gr6on R.) .)R3o6ol,6d})OoBqo bsi6fi0do
c849
2,892
FaosRr t{6R.VGq0rr) L!c$06!(](n1 rsRRoan oa$e'
&AoiJB.r?o a.)A6AUqo giqo
Arq{0dnRJACf . 60trlR050o to6rStn&,
o5l,6o0t0clob A('0!60
srRRJarqalcao Aoss6Lo,n Un8oSoqb6ol'
aoA160
srqR8ltqaaOr.,jqoASooaoL ao3r6,,
l,Bar srRR0aXR060ao
164● 75
135404
1●騨
7",■
194556
14L9041
547
341
2,16
3928
197,143
L023p07
ttqrrgo l'!tL60AoU SAosRr
tsJol,RosJf., LsoJ06J(Jo(, t.:lao$oloq$
5,rLt3oL6}o1osG
do6m.'q,(, lrrtsirRCdo}oLt ?olr8ofgos
ii6s6!00dlbRt6. siload0.ol, ?CLUoeBs
口のの
1ntElsRo lrJU{4i}lG 8Od6J0}5 l,JOGBClr60O0(|) LJ6OJ506OqJ5:
gnqoqo l,sblr68ao do6oorqo Ur?A.)RAlCdoL
RlBr6Aol, asR.ARJ Sqc)a(Ro osSALooOoCAot l0lrtq0r
Rstr6AoL a.rRlARA SqI'lAoRo oS0Cltqjo0dol, RrSr6SqrS
oJtrfloe.)R,r6u0a?qo oSAAl,ooooAaot 6r6oq3oo &rq6hRo
?CAl',L)ARado
3)
14,,
1263540
128806631
2,XX1024
1,33rS3
(B5,183)
(1,3"o
3nq,>qo l,.rtln60lol, [€o6q.> 6.>qo56ds l,r{,5ssL0o0o(!
1.,.)d0or6(taoq,rE
14
(4■
62̀B
&qpaiqo t6AclUrAqgro
6sLsXqgn{ r6LndtrR-o o5a0l,6oGo0doL ?AqoRa.'
ワ
ψ
Lδ
db6030R30b 06086υ ROめ 530
3ぴ 職沢0も 5bも 硼 60L8006抑 ふ価 S66… 3s
2012 7ROL 31 ROd&〕 改 ⅨD RsL̀沢 atが マo7Robbo30L
21112▼ RoL
31
"11 7ROし
'1
鵡
0
▼Я
"略 "L
A:RJ{0 lrJblx€trfi, 8fldllJc,al LJA0GJEI O
鵡
7●
コ嚇 pL
lrJ{fi}J5C,}0RJe
lslr6oSgqolr Ao
Aotr
A.ttsGngoe0aAq'o
LsSoqo gslxroSo
1調
lroSrqro g.:lms5o J.lqlep1aot, eo3r6a.)
(23.986)
1393̀77
43,7)
"
(1,10,33)
(385459た
(llXlg
(264̀12)
(40736)
(13278)
(104夕 9
a.b"aoqaSOCB?"
c15"り )
(2:4478)
Sirgo Rs Birqol, ebo1sRg6$a}", Sq"t qsUo[Xob?o
1御 即 1
1904調
Biq'tt Rr Biqnl, A&oaDq35OC}o, Vq,ob &'lqoL
1474コ 2
1("脚
(1●
lrr16a,stri4olx,r lr"A"qIO- gor6qol, aoa.r6o
0Dqq0liq|0o0}ol, R.i,t.r60n
)
glqspo lstll6Xlob Sa"6e" a"e"5$o t,r3o6n6lx,,
bsJaos6r'r&,Rr5
i4-lll ps Sn<'ot' frb>Aq'fQ7n$1 71bot76o nsg,fiott
6,:6Agn>o 66 ltoL O#,'a<,AADL Aehlbo
SaoERs (?0Ago6C..rytr6ps
gp,tn RD BiRoU
:
絣
AoSr6lrClot
r gr }3RnROr6?Ro .>q,r6ogb3ob
qgJ.\69.)8056oL XAitoUo
IrqoSg trtodlgqrdX
29 3;6[o 13
d&ry' o l)o, Iunl,x6 o>nn 4",rt
Ы
6藍 七:All僣∫ 島 ミ :ド
'よ
̀00RO
29 3o6[o 13
or&tryo bo, lt.;;1.;6anng't t
■96o■ 36● 0,。 600。 R606L a000o.興 。 06δ 6b■ 6o も66s̀0■
。
・
6● 0も
t76
1rJ,rJ6O80Rc)t 06fl)354R0 455d0
805Jflr46 56d&60'il00dJLOJS glJSqJdOAR0 3050t35CM)
2OD VBOU 31 q0dCSddtOO, RJlrdtERAltRO ?R01,.!O3OI,
(ootltodoo g'o63o)
1
066ふ 50Ъ も00も
し。」δ6030ROし 86o86■ Roも 。680(■ 88R6oO■ 0,,ふ も580つ ▼。 8ooR606じ し、
Jò03JtOb
。
この30ROb 8oOo6030b 3● 60òし oマ ｀80b3δ R]る 。
Oa66̀駅 ùふ 。63b Rゝ しδ
」
6066b o6o
厖 0■ 0
ヽ JoO。 6oboL
R｀ の。
RO d、
oし 06000R♪
」。60ooROb
06086DROヽ
°
bl
摯
lt翼
:%釧
1:ぶ:獄 写
ツ
器60R03■
お
珊躍猥孵
『
T° 躍∬
緊 出 路:器
6o6o
O、 6o5ot
0
ar3 0■
R■ O oS'3̀ORO。
し ,,
も｀60oも
Ъ
■
00R06000Ъ
60oげ
■ 0厖 L゛
608o R、 8■ 6」 OoOも 。
:
も
、
680L00600sR0 58oO。 6o3、 もa30bも ob3o買 υ6000t]｀ るが 80R803δ ｀
;
る。630δ
■ 6Rbり
ヽ あ ■ 680R80b
6● 0き 8068｀ ROも δ RS
ЪoRO■
0■
a60860R8δ
・
bo」 o6o00ROも
き、
306さ 6LO tOt000ot t6。
も0買 ■ 60bo R｀
0 0Rδ る ゝR3806o80306Ъ
し,ObO,
δ8oO。 6oし ■8し
̀Rわ
興 0も ヽ
6oO。 6■ 0306も 、3b00し 000̀00oRO
O
t。
も、」ò080RO■
'30し
̀■
3050ob 8oÒる
。6bも ヽ R360R000̀00。
マ o8oOoる
̀R。。
■Oboさ b80boR υ8000■
mb R｀ 6｀ 6oも o6000ROt 8■ Rも 要O Rb Lo3。
・
・
・
R000 3oR00o3わ
;
8ROじ 聟oし ,Oo06oЪ ob Rδ 6δ 63も 660も o3000。 R■ 60も 、360b80る o1060ヽ 8̀8030:
° 000も し
も
、
630Rも
JS̀∽ 30ROb 80586oも ob bも も
0
0■ R3。 Ob
0ヽ 6■ 680RUOLも 、
ぅもoЪ
6。 父
806δ 6bυ
̀0。
6060o,
Ro 10b6000b■ oで 860。 60000。 0あ
o6、
も
o6000ROじ
し
、
δ
。
」 30賀 Ob 80殴 。し60■ 50も Ob 080も o、
̀∞
Lb860。 ■060tO t6。 5Roる
0860bo Ts 8000ROR060030b■ 0も 、も、8otsR。 ▼。
、b
̀80oも
も
6bb8600ROも 」
80860b806δ 5bり 6o Rδ bbO｀
Oo60t00o。
̀00 bOJ0060し
。
6o6oし 06000ROし し
306δ 511oも 0」 6060も ヽ
3Rb8Ъ aR30R03S;
も
oxδ
｀
8δ 60R。 もo■ 60、 0■
,も bJδ
R0306。 し
ooROb 805、 6も 0̀0005o00̀0660b
boabδ̀0し
b.6。 t80■ 800。 00,0̀6。 60R00。 6o60b b、
̀Φ
8ua30RЪ 8 6。 6bЪ Ò600ROb]Jも 6o5o
:
;
・
・
・
■ 00oも o3R330し
R86δ RO｀ 030bδ R。 6o6060ヽ
。、6oし 0̀OoOR01
8｀ 6o5006。 6tsЪ R3̀ORO llЪ 8わ 805」 Oo03o
Lゝ J。 6の 38興 Ob
、R38000b
ЪO興 ■ 0▼ uObも ,
し、」。60ooROも 8の 。3̀030b800る
。δ80600も ]貿 0
J。6o58民 00R030bb Rも
°
:lゝ
漱
::2辮 電
。
l翠 出環ふ罵彎
ざ
招
疇
鋼
。
■ 〕
°
も
。
も
。
り
::電 1:印
3∫
::∫
80L R、 806o6も 030も
t聰
マ
bOt8600Я 0。
lillb
::記
:ミ
Rs 806J000bO。 6 R。 3。 3■ 060b■ ,t t。 300b030。 6
V
も、630■
OLO熙 Os。 ぃ 30̀肺
L Ob5』 06oORoあ
bb沢
■■ 6UR3と
8R33●
゛ 0■ ObOò
。
6J330b600bO
b。
00δ
0 0。 も■
00666δ 賃■
も
」 6o3oも 8も る「
8ら ■
。マ
00∂ g(Ob t。 3■ 0も 60も 、
0,マ oの
̀ら
30bOsta30Lも るも
ò00ostOb 80、 86o3otし 、
マS■ 8gtaる 。
ЪOgto∞
a8030も ■
880b3035■ 0も 。
」
6o● 3o63oも 3R06o56oし ,bb｀ 66o600b▼ 0̀030R。 もちOo bbbOb bORB8860R83030■ obO■
toxδ
bb。 86000る 0ヽ 6
̀
806am 8R。 60660も も
,
̀OR、
ふo6JL■ 0■ oRO、
3o6s,OROIDb。
3ooRoも
し、860o■
00■ R沢 ,し ｀3SR■ 00R。 もも
Lo」 8o、 6ob。 ■
o6ob0 066b6oЪ
̀o6dp t80600も
、60030b3。
■00b6● 8■ 6oORぐ
300ヽ 興 じδ Rδ
。し 8oヽ 6oo
,
t77
qr 20ll SqXdoU 3l qn;n3}r6ot 8q5o8rr66oloo Usjur6og6qoL 6r6o35trqo Dr5;olr b.>blo
?6g6Xbl ?n0q6o $6t4ndoUu6r5:
2012
ot5.:0q6}ods
tsb;1qo (2012)
orsgQgqoS.>66
6oo166o j.:qs6odn
()<4flt onea56o)
.:r66oq 06tr$3rx6o33oqo
IAa,6n
6o
groru4 5s4glr6ml
336()
gr?u 1gSqpo
'3A6('
5o,r.rg,r'r$ A1oS1fg'ot€tog o
9aa16n
D.>d! Xr5Ur6,5?3oqo
lrstflg,o (2011)
6oo66o jsq.:6odn
(lt6r$oprSAo)
x66oq 0;1lrg3o6o?3oqo
r,o)J6 6nqJd.)or
R!?.) X?RAqo
or13y6 ?3553qos
SobXoq go;0.>$o33oqo
todrrG 6nqsBgoqo
Iaa,6n
d.>53ot ltoru'r ogoUo 0qglv4nolU ?nAa.o6 ihb$rt6ortn: Lr$.rJo6olr j$r 2, 0114, orloqoUo,
Lrju6o33qo.2012 [qoU 3l q6,jn0]r6ot 0q6o8rrrr6<'rdoo ],>5;U 6r,>B5qo nr4oro, boqo 20ll
$'qoL 3l q6;60dt6oU 3q6o8.>t66roloor s660t6o,o lt;rbo 0o8ltb166doU 6n5$r6o 2012 ps 20ll
$pX6ot 3l pn;n0dt6ot 0q5ofur46oloor dr5,.;to qrUrJ06dlqo o6o S6UodMoLsp 322 qs 290
d'r6rAt6(',aARo.
ts0555ua6o )5aJdtfil00dOl, ?&ri80il50l, UJA!&x,Ro
dtqle6,4?qo sq6o6tSol, t Waameo
$o6fundu6n go6s5tXr6o u56v6oB66dr 0ro0$sq$Xq.oo hqrq$61qo .>qr6ogb3ol.r
L:66orr?e6olxo lr6t6far6o0d"lt ln3|ou fdsLblr) 3onr6 prfu.;o6$1qo 3o5s6L7t6o
s5[sr6o?66]oL lrr66os?r'r6olro l6r6qsr6$X]oUs fSrlrlr) qs 3o5s5lr16o .>56sr6o?6X]oL
o5$6r6Jt63gq3oglob ltnr6or.>?or6obo .r.8"606"1, ('gurL;1 ihn6 6r0o6307qo
oSgg6Jr6ggo6o6}ob lgU$$oUsq.
Y$eaaSot dt6o63t6c60ot btAs lrtttrJeRslo
go6rStrSt6o .>56.>r6o?666u 0o3$.>q3d1qor o0ot 6.>orgrqot$o53doo, 16ro3 ds5.1o fr60orq665L
gl5jgoo5o60d.rq ltfv6&'rlr q.> .>tqo 0o0.>3.>qto 6r,:66d3q381 31?.:olrL.
o,I tbSs 16.>8 116 r6oL
qot4ld2qndob
o[6or6o1qo
&n3$rq6d1qor
0oooorX0lqo- go5u5Uy6o r56.>dro?6$s
,>gr4ogblqo
qor66d1q3door
66rq3r6o
brg1d36q$g,
5.:6633qo
6.rt4qr
3o663ggooL
gofu5t16o o5bgdr7365$6lotrr qr 6.>U.>5oq.rq 6r5,;1o35oqo dor6oor.:qo trt2rq A;dollr,
16o5o166 5.:53ur6g6d3qo; j330oo 0o6631q dlqrq6rrrlq Joqo$o;ndto ob$ot6o7qo
qor46dlqndr $o6.>qrq 6gtrd66b rjgo3nlolr Lr5r63qoq 6rq.rtqoqo r5.>Squ2r4;doL
66sq3r6 qot66B1qlbrb.
6U go6s6ty6o .:56r6o?6gds $r6&'rq665oqru rotrlrodoo Rv6?o,
dlqoqgr6trqo B.>5r$66Xlo ;$.>r60oob q;r6?o p.> 13o36 3.:q1$.>to
Oor0$rqolr go6u5U74o s56r6ot66d.> go6.r6LXr<ro .>56;r6o?6n6ot lrl6t4orl?ot6olro
d.>5.yo grqqndlqo.>
LrgrGqu6g66oL ?6Lo6$oUoq.
qr<6o Ssr60orq6n6L Is5.pU U.>56rr4o?5glo q.> gl5Jgoo6sq76 ArR?6!1, 3o5soqu5 6U ut6ot
Bu5.pU 6;o5o3o;16o 6rr6X&clr 3.>q19.>. trb3s arq1$r?o 6r6bor6gogqXdtrqo 6rr4o66dX6o
roUstldr trro6tor66 XgboX<tr 3.>q1$r?o 6.:5bot56o6qn}1qo 5sr6o6Xd6do
d$3o 3o6r6U36o 3q6o0rr6Xo6olr .>56.>r6o?U $r<6uq6n5t qo..6oqerloU SotXq3oor. SoErELy6o
s56v6o?63doL orrdoqoq.>6 12 ogoU 6.>50.:3qod.>?o (0o3qo5sr6$, 15 12 o36$6 36$o qt6ooL
5u60r3qobrto (5r4dnqg.>qor6o) 6ofu5tr2r6o 3p6o0.>r<r6r, dob .:66r6ot6Xlol-r rqq6l5ot .>5
,>56rr6o?b$ro<6gdob
r6rqo$o S.>r60oq6n5rqor 2Gn ?n6o?35s?o-
t78
dARlROcrERo 5R60obtl0l, croo.)qo JORoOodOdo
Bo6b6lr16o o6bgt6tr0g6g$oU sqor66}: qu ?6grUgls
goEr6lr2t4o jgo3gloL.> qr 3rqq6B1q686doL rtrtgr L5;oL go5.:6L16o 3q6o0,>rtrXololr
.>56rt6o?666rto bq6bs 3.:3o5, 6elqAlrr6 o6o Lq6du tnq?X;62qX6oU 3o5.>Soqn ?nts};8ot
go5.:51y6 o6Lg613g56o.:5 SoSs6ornls?o. go6rSU2r6o ril6o306oU.! qs 3oqq6dtrq6BXboL
.>
t4361qrr6gqo L.>Uosorolr tnUgoqSolt q.: 6s6oq3olr ;qo.>r6Xd.> Lor6go;qqnls
oSgrt6o?USot6gdo[ or.>r6oqoL 3q5o3lr6no]oor.
goGsSUy6o rjgog6dolr.: qr gsqqgd2qXBSdob or.>gq.:Jo66qo .5Ror6AEr tor66o6qq3dr
t66uq16o por66dXqndoo, boqo oB ?n0ob363.>?o o2 go5o5Uy4o ld$oa3doUr RJ
6rqq6d1q68n6ot .>qosr6gls 8o66d.slt q,s $v4.>q?o 66.>q3r6o go6gElq6doo s6 bq6d.>, 8rt
X0sg6d.> 6.:6o66bolr qor4n63q6d.>, 6o06qog Jor6q.>Jor4 3;rg?or6pnlr go51611216o .:Jgo3oU.> q,:
3rqq6d1q66ol-r ?6U5oq3rUt RD 6r8o?Aalrlr. oqSo?57qo oj6oS6dott qo 3uqq6dtrq6d6bot
?63q6o8o ?ngobgdoU Joqogo.l.: 6.>6Loq1qor J360oo $rr6&'rq665oq B6t,>dr8o1
dlqsqg16Sq Joq,ogo;6d?o,
goSe6b2t6o sir$o6gBolrr qs 84{R0d?R010}olr qo.:<66BoU ?OSAO0O.5
9o5;6176o .>jfion2do
br5,;olr 9o5.:5lrg6o sjgo36doU .sqor6nds ?ngXqXlr, r6oq6lrsg sJ6o3oq.:5 glqrqo ltbk4gdoL
Soq6doL 2gqXloL 3o566.rJ6oor 6wr3.>qoLSoSnitrqn 3oqo .r8,"ng1Oo, r6-;t'8jG,JAr bbS;
Us$st60oU 6.rqslr6s go5u6Ll6o rd$oAAEo qo ?nU.>6s0oltq .sj6ogoU gqod.>Iro.>G
R5
o
6.:q.:tstqnqo orr6hoU oqg6rodoor. od 3g3ort66.:?o orj do5,jo o6o30al, 0rR,)O0A1q go6r6tl6
rd6o3o!5 qs;;g?or6n81q 85oB35nqo3.>5 6oL;ndUr qr ?n8otrs3qgdU, n[" r67anq6U[
go6r6Llt6o .rjgo3oU q.> Ooqn}lqo glqygo Uottt6gdoo 2krr1536q6ogoqo tr6Lbglot
.:qo.166d.>1.
go5.>5L16o sj6o3oU SoqorSodrto rqo.:r66doL ?3$'XS6goLrtr Lbgro6.> r;16ogoL lr.:d.rqr6bor
got66d3qldslr.: R.) aoq1dtqo qr 3oL,>q6do o5rtqrlr46dot qr Lb3.> U67q 0o52dr-$ur6.>q?o
;qo.:6$1qo q.>.y.:Jog.:q?o qr66ogoqo 3r.r66d.>.>5 $;r6.:qoU 36u3U ?to6oL, sqo.:r6gdrt
0oSndsto qr'bst6sq?o 3jgg8qndldnlr.
go5.:5Lg16o sjgogoL sqorrrrgdoL ?3$'6XgoLrL, 5rr4q.> Sorqorso tg$66ngoLs (0r6.>qoorrq,
t6r.rgXLrg ds5;o o5u6615Xdb 2gqndrL 6.:0ooL6oqolr 6sqq3601qo rJgo3oL G.:[oqo, dr6;o
,:Eu$oqgdt rgo.:t46BoL ?ngfl 6gi8qg go6.:5L16o sjgo3ot sr6L6dtrq trd.:qsSUro
qot6gdSq$.:lr 6.:q.>g33oL.>b ,:r6Ugblq ?65.>r46356b3qo $oqolro qr o0 E.:$oqoU <63uqgr6
qo6ndSqXdSdL ?ot6oL, r6o0qolr rqo<660o6 ?6S3qr. rjgo3oU o0 Srgoq$6, r6o8qotr
ogost66d;6 t6SXqr, 6;qrGs[oq6d1q Ls]sqrSto qo66d2q6d.>Lr qr sB Esfoqotor6ot
Sorqos6 r5.:$q.>1618s1 ?o6ot tL3ro6.s, lrtgs t63q ?XBoU.>g.:q?o rLsblqo
!.g3ipe
53}oL3on6o qs5t6o3oq'o So5nlolrs or? $r6rqoL 6so3rqoU$o56doo, qor63d3q
XEqr oJEuL
0o63Es?o q; $.:6sq?o. q.>6r4o3oqo 3o6gls oE trr4,>qo r6cr36qog .lRoJ6AlIqoJ lrb3.5
Ut61q ?g8r.rLs3rq?o 35q.: 6rqs5sgoqqXL .>jgo3ot ?65.:r6615n}trq 5.:$oqUr qr o0 Gigoqt
?rot6oL, t6oSqolr ;qorr6gdrg ?6$Xqs, 3.>oo r66.:q3r6o qo66dlqgd6doU 0ot6q3oor.
go65 Lgrto n >glpnd 7 gaA7do
6s5;o go6r6tXr4o 3sqqXd2qgdndob .>qorr66dsL $736gt Sboqoq Rr atoRr'rR oa
?68ort363r?o, r4oqnl.116 dr5;ot 3sqq6d1q6d.> tr61qp68.>, trJ0qnlr, rE A.)LRot ADRr.
lrsqrg 116LXbSqo 3o5.:5lr74o 3.:qq6blqn8r X5.>g3q6dr 36o166l-r o3,:31 SU6Utndqob.:6;5
05o?36Xqo35sq 5s5lrb3r3161qo Jor6odlboor, o5 16Lgdtrqo grqqndXq;sot Jor6odSdo
35ot356qo35.iq o63q3dr, s363.>6o 63qoqgdu.>5 3<'rpogo,.y;13o; oor3qn6,r ors3q;Jnr43Xqo
3sqqg6lq3doL sqos6ldolr ?OIUAC$rR Ri lbiqo SrqqndlqnloL rqos66dsq Rr bbAlroAs
Lod.>q.r5Lo qo6nd2q$161 ?or4oL soL,:B6dr 3o66du-$.r6uqol-r ;56o14o?6nluto.
11
t79
BiRo q6 g5eot 6fu9.tq65[g[o
BTRo Rn gXqoU 1fuo3rqX6g6tro 8oo6o3tr gtrqU h>q.:t6o?o, or3olr3g,:q UTLU6XIL
U.>.1o6Xlr)o5qn56o .>56st6o?nd$6, grqoo6 q6Jo$o$6}b 6<6orqqo$o q6JertogndoU fi.>orgqoo
q.> o0 0oorbo356dtr go5o6bl6o o6lgogXgXloU 0o016o 6o660oU qqoq,>5 oorUSo6qs.:or
qqn0qX p.>g;r6gotr trs$5oLo 3sqoor, 6r.r0qgilr6 s<6 6.rs66oro b.:,.1o5gr6rjgo
3sqq6Blqgdnlo.
dgo6Aslro RoorerS1ao
o;l<4oU lr0rtboSr6o 3o6ng68o oqorr66d.:U nfu60q6du6nN ogooqo6Sdlqndoo qs3$sqXloL,
$t6o5UJot6gor46dolt q.> tbgr Jot6qoJor6o b.:r45nBoL 6oogrqoUSoGnEoor. l-r.>3rBlro3t6o
8r.r53ggdoL 5rXoq3oltb $u60o3oloqo 8o66N q.> $.>r6sqo .:otrt6dr 0o666u-$rt6.>qoLr q.>
tb3r Lr6trqo ?X0oltgqolr s56rr4o?6gds?o. lr.>tubUo6<6o &'r5Xg6d$X 6!V0IRo tb3.> t.:t616do
lRor60arb 6.>qrbqoLorSrgX Xftn3qXdv4g6! 6r'r6t'rt66 3o8qo5.>r6X b.>r411do pr uoUrtldr
3o6Xdr-$v6rqolrs qs Lb3r Lr6trqo ?68ob;gqoL u56sr6o?6n6.>?o.
AsrsrtrlS6gfo Boe55b!r6o o6lr$o|fih}oU ao8sdo,
E361qo b;j0orSodotr Mer63L?o d;6,p t6Lbn6oL, o3r6t6doUs qs qSJo$o63doU t.>boo
6r5llb3s30d?Ro gsq$oor 6r6wu3Uldt Urbbr6ndU Ub3.:qrLb3.: go6sSlrlr4 oG11600A00d3o
Soorbo3SXlo goSoStX<6o oSUgo$1$6doU 0o3v6ot Sr60orq665L s6r$r63t'r1d1q 3o6s5L1t6
o6UO6?A056All', 6o0q6dog sr6 rr6oU ,p$o<6ndjqo 8oj8Xq d.>$ut6t6. oUoSo sr6
$o60ooJ35Xdr qr16o353d3qo, r5 0o;q63rqo.r5o 5rqrSoq3oU 0o$5oor p; sr6
JR.)LoRoGo6RAd! 14o6o66 Usgslr6o g.>l.ro.>5o J;qrqq6do,;5 6.>lr.>6oqrq 6.>5;1or36oqo
o536Lgo6ogdo. 8r'rorbo3SXdo go5.r6L1t4o oSbgoglgXdoU 3o3.:t<ror or.:3q.:Jo636qsq r66rq1t6o
qor46Blq6boor .>ob.:U66s, boqo ?63q6o0?o r3o66o$0A2q,o qor6nd3q66oo Cg3JO?6o
ItJt6og65$o 6r6r.66molr SgonqoU 6r&o656doot. 3o5.>5lrtr6o o6lr$o$2$n6oqr6 0otrsgSdo
orrSb6}o .>obb6dr 6rlgrlrtr6Xdolr q.:6r,1.:r666dob 6.>&o3qXtoo. 3o6n8s qr $u6.>qo soUrbXd.:
&'r66d;.$.>r6rqoLr qr lrt3i lr62qo ?63oUr3qoU r55sr6o36nd.:to, t4oq;trg lRaoqo rd3l.r
lrXLb6IoLr q.: Soorbe4SnloU lqo.)6Caot ?g$SflS$rll .>5 6r3g.:1.r166b.>U, rG rAo60otrgorb.
ls66or8o6oUo lrrSse7$o BcrERot J R.: lrt3s t s06ortor6oUo go5$U76o ql[nu6]2q6]60ot
Ym,6ra.
.1u5to5otr 33-5 81bqoL ?6b$;0olr.:q,
0s5,p OojSgqXdU 16o5o613 Urj.>t6o3XqoL 3or,r3t4odolr
?par3rqo Lr6r6orr?ot4obo go5.:5tra<rr oGL$o$1$ldto (Lsnr6or.rEor6oLo L.>3uq3$t'r 3o5qo,
0Lergqoo d,>53o) Lsj#o3XqroU $6r4od.:toro5 qr;s3?o6XBXq oJ3<6s3o68or15 So0rt6orndr?o,
r4s6 sLl3n &'ro6r6U s0 or66r5o$.13ondobor3olr lr.>$6316o ?65s$r56dot AiRrbR.rlr.
L.>Xr4ortor6olro bu3rqSgo go6qo $or63orq665L Lr6r6or.:tor6oLo o165;5oSq3orL, t4r'r36qo6
?XJ85oqor 0o56$v62qo X6ooX6oxoln6olr, Alg3qoolo ;ir6lmU l$.>doql6odolrr qr
r6n61qu6Xqo brgARoolo oJ3<6sgondoU bnq?nSXoloU 3o$5oo; X,jo5o3o;16o 6s53oorr46bot
pr pllrriiAfldoL RroSol' r8rqqAdolrr Rr Ub3.)qrLb3r fuX65Xdolr qr6oSdooo 3o5;5U7r6o
tgq?g$golotroSoU. !'6t4odoU;3ogr (tt$6316o ?05J6.>50do) $rr48orp6X5b Uu3t6or,:Bot4oUo
LrA.)R!6<,r go6golr r66tj<6U3dolr dor6oorrq $6v6oL. U.>66orrts<'rr6oLo t.:3rq1$o So6qo
6nt2r6lrXlb $66o ifu65nlolrs6r5 oqSdlr. d,oo,er1?Ro J3655oL ?36s$s6o 6.:5ot.>t q3t6n6.:
J3ngSoU g3o5o3o376o qoSoU 6lol3rqoU$o56doo qs 3bnq3Xqo6;?o 3ooq38.: 0b6r3to
j3g6666oL ?65r$s6n6o. $13r6oL tg6tgrSo rbrbs3U 8oL LsSt6orrtsor6oto LrpqS$r'r 3o5qos5
3o5r6Llr6o q! o60.)5o$igo?qo l6omXr4ood6dob dodoorq rLJSJ$6dU.
Ur6t6o.>to6oto lr.53.!Rt6o goSqnlroor3olr 6oq.>tqoqo U.>$6gr4o q65o3o5or66btrqor SDR-?o
R.) AIRlBrb0BARoo qot6?o UrX6or,:?ot6ob<o lrr0lRtrO(,, goSqoU 3o66 SoLo SoGsGL$io
gqoU doqoll qr$6UXdlqo lt3.>qlgo AsOARoo,o ,j16Uoo. ,jgo$.> Ri Urdi6o,AAqt'rl.)
go5.>5Uo; t$o5oL66ot 3on6 L.>Xr4o.:?ot6ott'l LJAIR?Oo go6qolr ;3o$sLor6 So8rr4o6drBo
6s3ot3Xd3qo 3;Los5o Jsqrqq6do st4 s6olr $rr60oq635oqo 3oEr611216o 0g6o8u66odolt
r56rt6o?6nlr?o, r6rq6r6 oUo5o .>r4 $v63orq6X6t du5,1oL sJ$oSndLs qu 3rqqXdlqSdXdL,
16s36q 6,sSoboqXdr 6o6o6g 6rr6gU.:d.rq;5to 156.>16o?ndo q.> ?SLsdrSoLsq 5;B3X63dos
go5r5t3r4 .>56r<6o?6nd.:?o.
９ι
180
r0rto.)5r31, tnq?n3r61q6doU or.>5rb3;q ltnr4ors?o6oUo LrClR?Oro go6qU rJ6t
ItsR6dbAtoUoRgA! t6J0tulr SJor6olo qoS3opo8u SDR 6r56ogoq6doU $Xgr6o jgng6nboLro3L
,6ogoU J6olo6golqsp $t'r6sqo SDR lttlrr46doU 6r5l$oqCdoo. $o6.>qo ltbUt6gBot
A$.)SoqAd.r XBlr.>hXr6gN 6gt6r63nlot ?6gtr$oL 6r6dXqgsqo.>5 6qod.>q3t6 lr.>|ot6oXd6dL
X3o5o3o;16o lr$r65rgooU, p3gqq;oolt qr o5gq.>gooL oraoRrS ,)OoR6IoU 0o$6oo.
Lrnr6o.>?o6oto L.:3rq2go go6qot t6q?6r61q6doL 83ooB6 g3qoq66oL o!5rb8rR,
L.:n6or.>?or6oUo l.,r3rRT6to goEqSr 1566o133 b;5.>to6GoCR! SDR L.>LU66doL UJ66orq3r6o
6u6sSoq66s S66o j36566doUo3ob p,:6t6o3oqo SDR Lotbr6l}oU JAelOrUoiS 3o8.>t6ornd.>to
6r$r6qoU 3o$5oor-
trXr6orrtot6oLo Urgrqlgo goSqo otqoL SDR UrLk6gloL r;lgo3oL 3br6gL R!6oGt?R
Jr6o6n5gt R! !AnUolr5.)AA, r5!Rt'l6o16 U.>Jl6og656o 6s6r;36oU .>$nUndt oroomnlqo $'66o1
$8o6qr q,>6r6ogoq SDR lrotUr6nd$6. Urnr6orr?or4olro trSrqSgo goSqoL tnq?n3r63qn6.:
oo3oLo $616o j6ngS6doUsor3oL .>dr 6$Ur$q3r6r3L SDR UrtU<66IoU UrdSqsq$r6o rqr4ogb3oL
)r6o56oJ6dU. d.>53o .>qt6o6U.>gU SDR Jo$ogorL or3ob go51511716 r56rr4ot66d.>to, oAAG! SDR
A.)SUoBoR6drto 0r'r5r$oqXoloor AbS<oVACtrqo lgq1d$o q.: grqqgdlqglplo, SDR
LsbU6nloU A.)SrVoRCdoo 6rArl$'AAARo trgq$XBols qs 3rqqSdSqXlXlolr 6ro3qoo,
[rt60orq6X5L SDR 6,:SgogoqnBoU gX6r6o ihguSol, lgqS]3]t.r q,: gsqqgBXqn]6lt $ngt6o
j36p5o 3oqqnd3qo,> q.>6.>r6oU Soqndlqo SDR L:BUr6ndo SDR 6r56ogoq36oqs5 6r3oU3qot
.:6 SDR 6sEXogoq6dot 5r1J06Bol-r ?n0orb36.>to.
Lu6r6orr?or6olm LnSiR?$o go5qoU6.>5 Soqghq $o6rq qr LJn6osq3r6 L.rtlrr6ndU }.:5,jo
,:q7o6tu3U, '>36"3o1, aliZXf, 10.,6.O6 SOn-"U1SA!6otU lr!A6o,.)BoOnt. lt3oq76. g.Sqtn
pr 3.:qgndlq$oL 3bs6XU, t6o5or6g gsqqgdlqnluU L.>3r4o;?or6oto lr.:g,:qtrgo go6qob
\/
0o0.>t6o-
fl"r6g}5br q,r $,j65fqih 60sqj6" Rd60lARSloo, $r.:t6qo go$5b2r6o riho66Ao Rr
Asqqgl6qAhlo
6oEsEL2t6o sj$o3nlo ;q.>Lo6ogo6qnd.: 3o66drt.> Rr $r6!q?o r6X.:qy6o qor6n8lqnloo
rlrsblq go5r6U2t6 ril6"A0BrR, oj go6u6Uy6o lJOoAo br6olrltR36nb t6o5or66 L.>3r|6oq
0!5J?o05oqo, $ 3o66drL.: R5 $J6!R?o rU;L1q,or r6n.>qy6o qor6Sdlqnloor.
go5o5U26o ,>;lgo366o 6r5oL,>$qgr4n8r <6o6r'1169 ltSrlr6r.rq 5.:5;1or35oqo o0 ?33obg33s?o, orp:
r
o
.
BnLXoqlqo,> lbRr.r Ar.l8r3.rq?o 5s6oq3ot 0o$5oo; r5
orr3qsJor6SSqo rqour6ndoLslr Sur40osq665L oqXSgogogo6Xd,sqo go5r6L16o
rr5lr66tAA560doL Jot6ggXqot 5.:Soqtr, 16o3q6dog 616oruq oSrr6or6dr q.: sr6t;dolL
3.>o5r5 3o;q6gsqorSo 0o6XdoL SoqXdoL odoSJgSr6o 3s63351dXqo; sE
Ar50dao,050d,> [rt63o361q goSsEL2<6 o6tg62365gndL oO tX8ort3l3oL 5sr4qr, 6r.rqnLsg
[s63ondaq go5,>51116 o5Lgr61065g6]oL SusBSouo J1yor66]oL o5bO6?a 5OoL
q.>5o?51qgdr.
3o5s5Lpr4o r1lgo36do, tu3rlr6oq brSo$5tqo go6sSLlr6o .>Jgongdotr 6.>t6qu os3qr)or43gqo
;post6n6oUsU o3 ?X8obgX3;?o tXodq6d.> .:otr;boU 66rq16o qo6nB1q3doo, orl:
.
rA6816o rLrb3oor nqo3o5or6qnd.>, .>5 05o?35gqo35rq Sgor6qnlr SotrqopSlqo
?g2LslsSoBu .>qo.>r668.:b.> o1 t3g.:LrXd.>to;
.
go5.>6Ltrr6o rjgo3o t6sq665b go6s5U3t6o id$o31boU, u5 go5.>5L26o 3,:qp6d3qXd6dot,
15 el6rr3A 3q61goL 5u$oqu, t4o0nqo6 otur4o3d.> Rr BbURAd! r66rqXr6o qo66d2qXdol-r
Uugld33q$6 }l53oU qo;1365got6g}1qo r4olr.pL 3.>t4o3oLr rE oGA3l,0o60dol., tO6r0AAooL
?6t.>d.>0otrq, ps qr1q61326oL ?31.:bn8 oSSerr48ogoolr $sr40oq665s ?oq.>
0ro Lsgld36q$6 bor46o6qqnlo; s5
obo V.r6aosR6n6lr oB 3o5$r6sigoL 5.:[oqL, r4o33qo6 3oo13;31 n6or, 15 36$ Br6orSq
$';r40o3d3q go5,:5176 o5lr66U3056t ps d,rLL 39 "go5s5L16o oEUo6f,AC56Jdo:
sqo.>r631.> q,> ?n3rlr6ds" p3qXdrL odq13.: nr6ororSo ;o8do5or6ld2qo ,1o5$6s jgo
(rJgo3o rG 3sqp;B1qlbr) r66rqXr6o qor4361qgloor .solttolr 8o5ldrtrr qs $sr4rqto.
0ob0rt6XdoLro3oL
.
v
181
8o6Xd,:1.: qr t;6;q?o r6nrqy6o godr6dtrq68oo rlrrblqo go5.:6lry6o .>J$o3;Lo soLrLnb.>
6n.rq1t6o qor6ndlqgdoor 8o66b.>tt qr $,><4.:qto 6rqrgrL6doU.:lr $.:<40oj05oqo So6nlotr qs
$rt4uqot 6rorgrqolr$o56doo, t4o06qog $;68oq6g5oqo.r S8o5qr $.rdrq?o LrSulr4r'r g.>Uor5o
jrqrqqnloq.:5 3er6n8;-$r6.>qolr.> qt LUg.> lrr6Xqo ?n8ot.>3qolr bGAr6o?A0Ab?o. r46.>q76o
qot66}lqnb 6r6U.>tggrrrtrqos 2Gn ?g5o?35.>?o 3ogn31qo 6r53tr6gXdoU ?6Lrlr3oUrq.
Yu6AelA}5Ro Bo6$b#o o5try650666rg}o
B361qo brj0orSodoU J6o6XU?o b.:5.p 6rqXgotr qr qo,6oqoloU t6oU,lol.r 0r6o3oL.> q.>
ltX;lt6o 3o$56dobro3olr o665ndlr tUg.>qoLb3.r $!60o6dtrq go5.>5U16 o5Lgr6l3n6ggbL, 8so
todrolr go6grr6qSdL qr U6o)gblr. Ir5,pb $u63o662qo go5.:5L1r6o o5Ugr6tr865gndo r<6
6sSolro$q3r6gls 6<'16ro<66 J31or63doU oGUg6XAnSggdo R! 16 &h6AR0dr63ds Jg6o6XdoU
Blquqg61q .>qrdrogB3sU. $ut63ro6Utrqo o5tg63865go or3q$ot436qrq mbrtXbr 6nrq1r4o
qor66dSqXdoo $rt40o6}trqo o5Lgr6tr365goU (1o596r;lgoL qsqgdoL ourroqoUwr3oL qr
t6q66.>q r56r6oE6gdoU orr4oqoLw3oU 6rprgrUq6dl Suoo t66oq16o qo6gdlq'6door.
r6nrqg<4o qot6ndlqXlr 6g1d56dr ;ogot6g8trq lrods$<6o q,or6g}1q6d.:U, .>5 lru3sbo Ooq;qL,
t6roSnqog oor3rqolr$o5glU 3ogn31qo o5lg613n5g6dotr 8o0qo5.:r6n L.>dr$r6o qo 3o5g6r;16oo
6ro3rqolr$o5ndtrq B.)lr1al.,! R! bb3r g.:Jgo66dU. $r63oXdtrqo o6lg6l0n6go 3oB531qou
rjgogndrq, o7 r6g.>qXr6o qor668lqndr qrq6door<r, qr SrqqXdlqg}grq o0 ?63ob3X3.:?o
or1 o6o x;t66<,rgooro.r.
S.>168on8lqo o5Ugt61065g6do go5s5U1<6o 3q6o3;r6nololr r56.:t6o?6Xdr?o sgov6nlrlr
XJ3n3qXd.>6Xd.: 0o6ndrLr Rr $!6,)R?o r6gsqtrr6o qor6n61qn6oo rbrtSq go5,:5L1t4
,rjgo3Sdlr qs 3rqqSBlqXdXd?o. r3 go5.>5L16o o6Ugt63065g6loor 3oq,ndlqo 0o6ndr-$.>r6rqo
roltbXd; 0o6nd.>-'b.rr6rqoUs qs Lt6jqo ?63ols3qot r56rr6o?6Xd;?o 63rqtr6o
qor668Xq68oor sqov6ntrSqo go6r5ty6o rilgo6Xlols qr grqq6dlqodnloqr6 SoqXdlq
$3o5qr &n66drU.> o,? $r6rq?o.
r6t0alqo oSAglr$ogodo
Arl.,rUoRsR rr6Un62qo o56nlr$ogo6do $.:t63orq6X5U o53nL$ogo6dlr dbJo$rR?o RJ llr3rqr'l
6rlmr5 Jrqrqq$?o, r6o8qoo 6qod.> 6.>5$t6rb1Ro! 6r5?Uot RA60Ro ArRo@. AltrUoRrR
;6lrXd1qo o53gbgogo63o olrAR.>Jo6A0qrR soLrt6L t66uqy6o go<46b2q3ioor. ?nfu6o3Bo
grLosSo JrqrqqXloU ?XgrUXd.> tqgdr 66rqjt6o qor66dlq6door qr 6;qrjob6dob ?nqn6o
soUrtsds Jo6q$ot4 ,pJogrq?o, 6rt6qr 6r13.:L166dolr q$.>,.ys666doUr, 2gto36o i!R1$ol,
brRrtsrUCloRiS 0oq6d1qo 0o6Xlr"$ur4.>qoUr qu g6JgX6o UsJr4og356o ArSr33aoroll
06ooqoor qr6o6btqo b.>J6o6356o ?X0oUs3qols, r4oOq3dog Jor4q.>)o6 rob.>bXdu 0o66d.>$or6sqolrs qr UtAr lr61qo ?gSoUrgqoL r56st6o?6glsto. 5s6oqgoU ?nqg6,>q ;$o$rq?o
sL;L1qo 8o5nBs r5 $.r6sqo 3o61bs-'bst6rqoh: qr tL3r L61qo t68oLr3qoU
s65sr6o?6X6.r?o rotrbXdr- 5slrs5oq.>q rr6U6d1qo oS3nUgo6ondolr r6n.:q116o qor66d2qnloL
rysl-r.>p665rq 8.>5,jo o65XdU .;ogot6Xdlq toSr$t6o BTU6AL- o? .>t4 .>r6l-rndo6L SoJBnpo
d.:$.>16o o536Ugo6o6BoUor3oU, ds5;o <6grq1t6 qor6gdlqXd.:t qob;o5gor6X63qo g1q.>qo
LrtU<66doLu q.> tgg.>UXdol-r Ut3s UuorSrqo SnomqXdoU t.:t1;qg6oo 6r6L.rtqgr6,r3L.
tSgrL6doU 06ooq3do 3oo6.r3t 616o3.>5goolr.:615 q,:3o1.;oqndgqo, 3rr66cq
6ro3oog5odo666}Xqo q.:6.>r6o5nls3o 8o5r$oqSodob b2r6Soqolr 3jo6g 3b.:t63ndt ?ot6oL
ArSbs,6GoCRClARo ll.>I.>$6o Ar6o03dCdol, 8ofugX83dob A.)aofCs6drtr, rlr 0 rSrRo$od16o
bslrosorotr bt3,: 3b6s3Uo go5r5Ult6o o5t$r61335$oL r63rq2r6o q'o6Xdlq6doL ?6Lrbn}
oSgor6Ssgoot 6.:3oXn6ndslr, qoL.p5gor6$1qo glqsgo UuBUt6nloL SnSoqo6gloL r5.>qotl.r
qr 3ut6o.>go2qo 0oq6qoL 6u0o3X53drL. o,? r6ual(,dl, ?6grUXloU Snooqo, r6o06qog
E361q3B<6o3 6s8ero665g0.> d.:ts<6tg o5lrg6l0g5g6}oL ?Xlr.:6rtrnlqrq R.) o'A ouel 6s865nLo,
16o0 glr 0oq6o3s 1$<6tr53gq6ogU ltt6$316o ?ngslrnlsU, <6o0nqog h>dr$r6o
Ar6o60a0dolr.)or3ob 0r8ooUA5AB.), d.>G;o u8 06omqt oX653lL.
R5tv6A"b AlRrgRO SRF,loRo o56nt$o6oglo
qrg.>t63olr 3.>q,>3q6 6qodoqo o6gltrgogo66o Ss60orq635L Lrpqo g.>llos6 JrqsqqnlL
ArSL.>$RA6rRo .>5 goJtot6661qo 5,sqrbq6doo. 615;L rJ6L 6r5$6.>b3; p; ?6Lsdqglqcrbr
t3o5.:bob rq5ot51qo grtorSo j.rqsq'qn6o qrg,>r6goL 3;poL q.>q6o3r8q0. blr0olo B,\tor5rl
Jsq,rqqX6oL sLsbg.> bqXd.: CBAd0I6o trJt6ogg56o brSrJC6ooL 36oroq$3 R,)BIdSCdtRo
)At'l66ob6dtqo qor66dlqndoor, brItrlrt6AloL Rr5iJJ600doL 166$616goU ArAo;q3bool.
qoL;o5$oL rSto<46o$sgo,s qsSsr6goL 3spoL qsq6o3$q3 Jgr6ooqoL 6153r3q'odsto soLsLnds
182
16(96o6_6- LrJr6er605o('l EoS(,lrltrRo,
toJr4o6X6go
|'>qo' g36j$tr<6o
CA0dO?6o uoJ6(,ocS6(,
613o666gloor.
6r5;'';3xooL 06ooqoL
6r
tu8o$;6oqo tglrt6lo Rr l6r6t 6ilo
orlolr ?X3orb36rto, Sroro Br8o$nr6r bq6dr
oL 5r0o5n6n6oo. b6lrb$o qr .>3$UgBo
t6q3dq3.>5nqolr0 .>3og316r 0oorbogS6dot
.> 666q.> ts6U$qo 3tr6153p3ogolr
6:aBfr'_a6Qa{, 6.>j3oor3oo, qs 0o66d.:-ror6.>q.Htll
.:56rr6o?6nlsto .:qq665ot J6r4ooq?o,:ol.tt6dr.
n;S{;ri$:t;ril[::h*.
;i$o36]orr
BoSsSlr1do td6oA0aot Al3BrbA6A}ot qs5s3u666aot 169$068rl
y62goL 6rSgrlry6gloU odogJglr4o
p5651 o0 go5.>5U16o .>JgoggdoU 6.>Xg.>LX66dot_r
1t6o;Jgo36doL
Lt p; 3o3u3spo
qoL[o566oor, r6o0q63o6 qoL;oSgortrn]trqo.:
t.>Jr6o665$t'r 6,>5s;36oroor, o0 goG.>Etr76o
o16go$6lpqo qor66dXq6doo. o3 ?n0ort363r?o,
t6odql}l
3o 0o0bpr6
ds
ndob 6r1g.>lry66dolr 16nt6r63o
bo8,:qr6Uo qor6nlXqXlrb qs
Itd.:tr6o 6.>5.>,133orrol RoU,l<'lG6o6tAIK,
q qot66dlq3$sb ?o6ot. rt6oro
166Jgo666sL.
I r4oL;ou5o .:J$ognloL r6rqo.bU qo rl_r.>b.s3U
16oo g;r6r3L ?nbd.r8oL q;6r3rr46L. 163$616gglo
rq1r4o ?XgsUndoo o0 go6r6lrjr4o
ooror, q.: o6qo3oqX.>q3r4o rE
6.>q;1 sq'Xd3qo .>16 rr4oL .:r4LXlooro.
3o63dr'b6 r6Xtnr63olr bur6yob r55s6o?oL
rLrbjqo 3o5;5lr3t6o sj$oglot.sor3oU), 16
fSqo .>J6o3nloU.:o3oL). go5;EL76o
b ;1qqgd.: 6.:lg.ir3ri3dolr o;5lrs.
ot 6s5lru$q3rioLsor3oL, dr53o 5s6oboq13L
6.>0o3?3XdoL qo33oqobs,
o 6oL.6do, 3lr6r3Lo 3o6.>5U26o rd6o30bolrr
o Rr 005R053o0do, rq6oqodr6oSo 33o5o3o;oL
nqXogoLr q.: 5;r6o5$o3ioU ltls$<6o
, o5qo3oq1.:qy6sq .>5 161g16.rp,
ot 3g61goL 5r1g.:Ul6n8olroor3oL b.:;0;r6oL
oL g.:j$or6og, 16o0 q.:5.:;rr66ldolr ?X6rUXlr
3oo6563t, 16o0 rqr6o6blqo
.>jgo3gE$6 bnVgIRo
16,3 6.:6633q )n<'ooq?o l,>5;0r 6r5o6.>q.rL
sJr";%hl'3$if..,1t-l;s$:"**"'
rq6ogblqo 6r29,>lr166doU 16Xt6r43olr oq65tnd.:1.
S$r56oqiq 6t562o45oqo 66dp6.rq,o$o rd6oaab,
q6^dnq3.:qoc5o .:Jgogxdo ;q;lngo6or4qnI;, 16o6o69 6rLrgoq.>q 6s6;1o36oqo o0
Bn8orb3X3r?o orl rr6LX6odL qoqo sqd,roo8r o8oUr, 16o0.:j6og6doL irdsq;Elro q,odr3d2q6dr
183
!RR006r AlfoRAoU 0!6ob0dol, ?6q66rq pr s6s rj6oSot 6$ogn5XEoL 6r6r6dXq3dot
tAR6AoR, q,> o1 .rjgogotr (.;5 U.>r6n.>qo$.:goo 561gob) 6.:goq3.> B6t.:dq6d6qor
qr15r,r36g\og aob 16L0atq 0g6o8r66'rls?o. bgqSdqgrSaqertr0 15qs 6s6rbt'rr6gogqolr
qr q.>Ut61q6d7qoq rL>boL 6rgoq3.> oJ$o3ob Anlrr6oRrR 6s511og5oqrq rqo.r<63boL
o,:r4oqoqr6 614o Snqo!'uqto.
6.>L.>6oqrq 6r5;1or35oqo 6r6dnqgrgorSo .:jgqgloU ?ngrL$u bq68r b$.>qr5Lo
qor4XBlqXBrlt qr 6r3op3oL b.rr63goo ?606or6Xd1q 6Xrq76 qo66d1q66rU tor6oL
Xft3or46lro orr6boor. o3 ?X8oBg63rto, oX 6slt6oqrq 6r5,;tro35oqo .sjgo36}olr 66rq16o
qor66d1q6dr 6rgoqgoU b6yndoU 6r8o;qnBoo 5r3q6do.> U$rq.>Elro qo6nElqnl,:$X,
5.:19,>L16XdoU qs5r3u663}o roL.:b6dt 0o6nd,:-$r6rqoUr qr bb3r Ut6lqo ?60otrgqoL
r66u6ot6ndsBo, 16<.16o6g $r6.>qo 6rtr6oq.:q 6$;2ur35oq 6r6d6q6.:qou5 !d6oAC6$0.
rjgoS6doU 5;XoqSolr b.x6g3doU ArA<,ldq6doo, t46rq1t6o gor666lqg6olr ?n3q6o3o $6qs
sqoor63l.:b gilgl0q5d.>r6nb qr6r6oSoqo 6.>tr6.>lrjr6nloU qo5.>;s663doL q,r6too,6oAARoO
3.66 roL.sb.> rA Jo6Jt600Tq .>J0%o,b5 3o3x6o6d,:?o.
do6oo.:qo lrJ?65R&0ao
dor6oorqo tr?3>q60ndo $sr<r0oq6n5oq,os oL6or6otrqo qot6Xdlq36oo q.>6r4o3oqo 63nootr
qr 6.:16.>t7r6XdoU 6.:fu3qXAno, rLr6orolr sr6USEo6oU ?g0orbg6r?o,
dor6ooruqo lo?1sq6d$oL 631or.1 6r3ooJgoco56r 0roro Urd.:qr5Lo qor4ld1q6Eoq,:5 p.>
$lrJqpgr6oob ArRoU t0o$163s3qn. g36orolt qr
bao66o$.tgool, 6;u56s6o?$s $sr4&o6dU $<69o3o Onortoqoo ?30q16o $qoy6o 6;5s,j33oXloU
6.>Ar'rofASAB.\ hiJ$oa1dol, fir3oL;$Xr6.sq 8.>oro
Sntudnao
3e€Jongnt66do, lr.;rojoLn 8o[Xo[oqoN qr s3n5o
06!5lic'60o
︒ｍ
％２ｍ２
6s3r'rg65gboor,
I'LaD
6X3o5golr.> Rr b.5A&XerdAL1AoL bv41g6.o .:ob.:bndr 6.>$X3olro.>5')30 R! 3on;1o353dr
L.:oJ6r6ogoo bu<6j6gdt s5 0Jacaq0al603r ,j$ogrqo$rgorL oti u6Lr6bolL sSoL [ro33r6oto
U.>g1dg6qo.
U$rqrSLo qot636lqgloL brqrb6R1r bqnds oooroXsqo
Lu56r<4o?5Xdo o.>r6oqoU.:o6oL, 6uor qrq,6o6q6b sqXSr$6dr ol? r6i aroro ll.>luq.>5lro
qor4ndlqXdr 8ro .>qq6g5nor qor6S}SqXdrtr. rqq6n6ooro qor46dlqnls $.>60orq6651 TpopXL
6.>goq6oU b,>65n6oor tX06or43d1q r6pq7r4 qor6Xdlqnd.>Ls qr l6L6d1q 6$t.rU66CdrR
qor6nblqnduU 3o16olr. dor6oorsqo Ur?lsqglndob U$rq.>5bo qor66dlq6doU rqq6l5oor
qo6XdlqXdr$6 6ry$6g6doU ?X0ob3X3r3o, .:jgo3ndo XJg60qgdrt6gls ?nSgo6XdrU 3.>o
.:qq6X5oo qo66a1q$.)4q3. 6r?RrL?60doo, SoqXdXqo pr5;,jsr66ndol.r ;qor63d,> bpXB.:
t3lrsdsSoU lr.:.:56rr6ot63do J6r6ooqBo q,>.:oLrb6dr 3o6nlv$;r6.:qoLr Ri Uta,r lr6tqo
tn&'rt.>3qoU .r56.>r6o?55du?o- 6rlgsU26gdoor 6$o$331qo RrSrJ!660doL sUrb3ot ?n8qn6,
dor4oorrqo U.:?pq6dglot
bqXb dor6oorrgo br?pqXdgdoL 63XooU ,1o6n;l$or63d.> ?63q6r'r0 Jnt6ooqn6?o, o0ob;onoU,
16ro8 6u56u4oBnd3Ro !d6o30}ol, L,:Brq,>5Uo qor6nb2qnbr 5.>16B65o qorrr6dlqSdoU
A$todq6}oo (o1 ;LXoo ;<6Undollr) lroLOCAr$tr6rR ArRrGr$oRR6l, q.rr6ffn5oq U.>U.>t66ndqo
Sob0rr6ndolr J6r6ooq$X-
!dra5o06obRt6o si,oo8olo
.>r6$ognr6orqlr6o oJgognlo Sooguglr ,joS)o1gnt61q Jr6o6<rr.>36dU gs qoggStonlL.
6rq.6 ?1L6oq1qo r4r8n006orq?6o sj6oXXlo o6qogoqpqy6.>q rqor6ogbnd.: q.:
or3oorgor6Xd2qX6oor roulbnlo orr3q$o63nqo rqo.>r4XdobJlr. o,.rARJJo6AAqo rRoJ6CdoL
3g0q6o3 .:qor4ogb6dr o3ooqor4ndlqgdoor, qr6r6r,rnoqo .>3er66rr$r00rrU! Rr An?ts5lrf,6CAot
ArA<ciJRCioo. rr6r0.>$nt6osq1<6o rJ$o3$olr 0ob0u66dob Jn<6ooqo tngslrndlqor t6o6ot46
ArElr,5$RA6IRo, rE 6.>5trb.>tq66Xqo Srqolr 8JoEn. Anq,rr!5o .v6.)at$C6ouql6o .>J$o36Io
.rAr'r66o$Ad?Ro! 5 $qor6o b.>L;r66ndqro 3ot3.>r66dot SrqoL 5r53.:3qodr?o q.> 3.>oo ?19,>t1d.>
6s13sL1r6$slor5 0o0rr4o6dr?o bqXdr 6;1grL166doL olo3Jg36o 3r63353}qot .>r4l.r3LoloLsL.
Arqo!6o 16.)A1006orqy6o ,rj$o368oL r3or6$o$q3ooL JXr6o<'rqolrs qs S6oroq6dot 5sqsbnq3.>
ht rr6gogqq$s 6o36qo go6r5Ll6o $qoL doqoll.
184
lri,0.jq6lr.)tlq,s, qileg6!
ds53oU silgonnSo, jo6nEl qs ?60oU.:6rqo, o116g6 6o5o<66 SoUo l.tJ0o.>5otl qr oJ6t6rgo6do
.:t6 3j3gAqAd5{6JAu q.>}653t6rb qr Lt3r 0obu;t46}q1}ob
6oqrtqrb
msril60AsEo 0.$80heo A?Ro
0o3oj663;?o 5.>t36d2qo glqo $.:63osq5651 b.:5;oU 3ont6,;r5o5olrs qs g356r6rq3r6o
6.15,1o1 gSSJgooU gv66q66Bo OrAro?AAd?R
ds535o666Ur qo 8o56g66li- 0o0oJg6.>?o
6.>t36d1qo tr;535o$6do Rr ael50$3Ao go6r6Ul6o 3q6<.r3.:r66o6olr .:56.>6ot66b.:?o solr;b6ds
6s53oL L.:qsr6o?o 5,rqqo glqolr oq6Sodoor ?n8go66dtrq,o 5o0o5uq16o qor63}1q6door.
ds535o$6dolrs qr So6ggldot qr0'bsq66oL tr63g6bo mlttndt bv4lXd?o 0soo 6r$X3oLorr5.>36.
doqXLrg ,1o31dr6o2qo dr5;Xlo 1[t6tr5n]35 ]r5,;L ]r5;5og66L, bq6du 0.>oro So0ojg6grto
.>t6t6d1qo g2q.:qo LrbLr66}oqo6 .>8oq'6d.> q.> 0.:oo fo6o0.>r6nodoqrS $ U$rgltroqs6
6$o0qo5r6n, bg6d.:3roo 15 6.>5rq6166ds, rE I.:53oU Us6g$6r43o go6qndBo E35rU3;
gsqq6alq6b6ao t66$oq65go go5o6L26o oGUgogXggIoU, dRo066s,t qr gotuStor
'L$o6ob66erL 3o0sr6o
q.> 6bAr'l?AAhRo lr.r3sqel gblrosSo Jopqealn
b.>8rl?3;d1qo goSrStTrro o5Lrgr61336g3}o, .>5 Sroro X.;o5o0o;316o ;r'r3Jo5n56Xlo
1q.>l.rogo6ot6pndr 16o6o1611 3rqqnd1q686do, r6oqXlsg ,1o59r4.:ffioU )o6od6Dot tuglfunq$6
b.>5.11 5ss65os g.>qpX6Sqnls S3qolXqt 5sqrl4nlr
33q';qo t.>bUr66}o, .:5 bb3r go6r6tl6o
rjgogo, ;5 Rr6r6r',1, 3;qqXdsqgds 62qrqo UrbUr6gdoL go;flror6Xdtrq os6brt3, rE lrb3s
goSr6lry6o rJgogo U.:.11orsr6o ;$o6rqoU o6Lgr613n5g$ob go;lLor6n6lq r6sroq65<odstn
6sgSqot llr33,rq6doo. .>863116o o5lrgr61065g6do OoogrgU 6rqqndlqXdndU 8os36oloU,
t66toqnSgo go6rStSr4o o6UoooloClolr, JqogSgnaoL aotur4o, 6.>8o€gn31q lrsnrqo grlrouS
;hqrqqgb[ Rr ArqR6]IRSSL Lrn6orr?or4olro lr"a"qtr6, go6qolr 0oes6or. otobo
orrgqrJo63prq rqosr63duL Xj363qndrr66,N 66sq16o qo6ndlqSdoor 0r6o0CdoU Jor6q.>Jo6o
br6363lob 6s3o3qXloor. orr3q,:)or43Xqo .:qo.><4ndoU ?64q66 3L go5r5U3r6o 3rqqn6lq66nbo
.:oL.:h$.: .>3o6go$6E2qo qo66djqndoor 66jg1t6o lroJr4oggS$o 6lSrd31sroL 6.>0og65Xdoor.
s5l6ogt6}o
r6s6ogbnloL sqo.>r66dr bq36.:3.>?o5, r6oqlLrg ds53tr rJ3lr 8o0qofu6n oy6oqoXqo.>5
Jot6oLoo,o 3rqpld7q6dXlo, 16o8qndo6 g;r40oo?3r Vr6lr?Ro 3o3ql5ndoL B6qn6sq q.>
r4o8nq,or qrg.:<63oLsor3oL ?nlrsdq$2qo; ltlor6o 5.:Lq3b n;o6o0o;y<ro trr466dqolr
Srgs6XdXqo 16gty6t6doL 6.:qo6gds qs rqSo?51qo 3rqqnBlqSBoU BXgrLgls
?1L.>dqgdlqos Ls;3sr4obo Lo$llrgoor.
Jor6r ooro sihoS6}o qs 6lqqgljq6d68o
Jor4r'rlooro 3sqq3d3q3dndo 16 roLrb06r go5.>5t16o 3q6ro3.>6noloL r56v6oB6nds?o, 3,r516r3
Srt6Soq6nSoqor go5s5L2r4 s56;r<rot6nBsto .:56sr6o?t$o6n8oLrt Ustlrr46SoL 56dot3onr6o
6sqoSndot 86b;dqXlqodolr 116U6doE,:0qX. Jor4o6ooro sJ$o3o go5.:5t2r6o 3q6ofur43olol-r
r56sr6o?6Xdrto ;t4 .:olrubndr, 0161618 $'rr43oq666oqor o0 3n0orB333rto, or2 6;o5o0o;2r4o
3o51doL 0oq36l.r 5.:3rt6r3pn3o.
l'sJ16lroe, Rr t LAs AdRqgD1qgoglo o$r8?6er0polr ilo0s6or
2012 qr 2011 flqgdob 3l pn;n8B<4oL 3q5ro0r66odoo d.>53b 16 6r$5qr r6.:oBX Oo;l8Xqo
t.>JX6lroo 6663s, uE JXGtor$6 6.:U3qot ?63q5o3o ,;o0J65U,:gor. 2Ol2 q.> 20ll fiqndob 31
p6;10dt6oL 0q6o8st6no6oor ds6;U t3b.>d.:Oot;q 6.>$5qr U.>Jn6lroo UJXSol-r Sobnp3oor
3uqqXd1qn}Sdo 523 qs 638 q,:r6ot oq6Soloor (?g5oB35r l7), 16.13 [sr63orq6X6t 2009 gqoL
29 SrolrL 6,>trJ8nB1qo bJ6SLoo Jr6t rXJgoL SobXqgoor 5sqrlr.>tq6q grqp3d2q3b6dl.r. rO
L$gELoo Jrrrr.rXj$otr 3.>166q3d?o dr53o h;1orr6o or;5r0?r6oSqXdoUr6rG oqpEq,> UsJXSLoco
t66s$d5;dl, q; LrJ6SLoro rL,r.1ol-r 0oq$X3oL ?60pX6 q.:56ogoqo ors6toqr6 lbqop.>
osSrBB6r'rdqgEL JgGLorL $o5.:tr$16 tXosSb8nd2qo 66,:3o;ob 3ob6g3oor.
t't
185
tg8alla6qgloU.: qs b.:61g0lol, .:Ros60lt
?n8oUrg.>qo rgo.>r66d,>b XffiqSdrrrrgb o0q65rq, 6s3qn5rq.:g 0olr.>qoqSXqoo 6.p5o3o;ldro
Lu66glqolr Ooqnls gs Bn0oUsgqob tXg.:U6dr tnU$qSdnqo; 1rr.13.:r6oto b.:r6obtoU
lrotTlr0ool.
loMo6n@e p Slbqb EAerbrAtW gr bulyo
$or4go$xdtrq'o qo6ndTq6doo rbrblqo 56gqs go6r6b76o oGU$610n5$oU.> q.: bs}6ogxS$o
t60olt3q6dot 0jo5g lsgrlt6o grUosSo Jrq.:qygnloqr6 8oqgd1q,o UsJt6ogn6go
t60oUr6q6do qr bs65n6o rqost6gdrb ajgX8qgdrr6n}.' AtsCd6?6o t;J6ogX5$o 5r5,r,136ooL
03ooqoor. 0A0dOI6n L$<6o6n5go 6s6r336oroor oq6o6b3.: $rr63orq6X5tr 36ooqL, r6o01qo6
$1Ugrp rtqXbb 0obuqoqS6qo 63q;po L.>bL6nloL 6.:qrbq6doU sG ?n8mqo566oL
RoUJoS$o6AdlL go5.>5Uj6o ;JgoSoll r5 go6r5U76o 3.>qq6}2qgloL $3o6qs 3o8qo5.>t6X
qor6XdlqnloSq6 9o61611216o o6tgr4lan5$oU aousq('rqS6qo 3.>qolr, .>5 o1 aoUsq'ndo.>, 1316o
8o3qn Jlr6ooqoU 6r50.:6qodo3o. 6.:0oogqoltU 6;og.>qot$o6gd1q'o.: 6o5u6lr76
061166?40560'.)5 qr3.rg?or46E3qo t rdr.l506rJ0ro Jor6olnlo (316.: !'o5slr$u6o 5.:q.:bqot
?Xtr$q3dqolr) 619 8oog.>gt 5$oUih66 ArlriA610qr',t! s6 q$.:$6doo t.>r6168[
r6o3pXlo1; Jor6q$or6 ai51mo,A51}.> o6l$r6n0n5$b, qr $v43o.:q6n6U AB0d0I6o L;Jt6o6g5$o
6r5s;36ooU 6r516ogXq 5r$oqL, fu6r6r8.:16 Soogs3L &n0u3rq b.:363qo$o qo6r;ur661dL.
o3 ?X8ot363r?o, or1 615,;o ?ggSqoU AlRlbq1dobr qs ?33r'rlt3qldoL EX3;tn}3dlr' ltlot4o
Lq6d.: go5.>5U1r6o s;lgo3ndoL.: q.> 3sqqXdjqndsdoU l-r.>drq'r6trt'r qor6Xb1qndoU ;o61j$or638s
;rot6njgor46btrqo LsluqsSUo qo6Xhqaa.) 6.>0ooor3q'Xd.> or.:3qsJor631qo 0B0JOA.6o
LrJr6og6Sgo 6r5.>;SXorob 6$oXX5ldoo qo 63qoq68.: U.>d.>q.>5trro qor66dlqnds?o robsLSd.:
r6o6tot66 LrMoggS$ro ?60oUs3.>qo rG bu436oSrlr ?63qn6, r6sg go5.>5U16o ld$o3o rG 0U6.>6Uo go5.>61174o rJ$o36doL y613o E.:3oo$6668.>
(Srgoqod6og B.>0oo$Xt46dr), b.)!Brl.,A{60}oU E6q66rq SoqXdlqo q$u;s<66nBoL 6.:0er,
b$t4ogX6go ?60oltgqoL rqor66dt orogq$o636qo UsJt6o665$o 615.r.136ooo 6<6dnqq$r
stsq lr$rqrSbo q'o6n81q6drbo;5 0o0or4oXlrto.
hndotuW, EAOetb.>e<Ab pt bvbeb
d.>53o og6dt'lr.:;o0olxx'r
?X3oU,>6rqXdlr,p5$6r665gXlobo3olr tb3rqrLbgr L>bolr
3o0Urb163doU 0r$00oll lr€AdS1Rtn. U;,jo0olroo ?X0oUogq6do 0oo6s3U Srqqo 6lqoo
6r5bot6go3qXllq oJ6r6rgo66Us RJ brRr6o6t3AdoU l.rr;o3otooU, r4og toU.:b6dr r4o6ot66
3o8tr.:t2r66bot t6qn6ry 0oq66jqo ?n8ot.>grqo- L.:,jo0otoo bv6lnlo Ooogu3U lr.:oJSt4rgorn
q.> ;56.>r6o?t$o63dob tr3o8oUoer t'rr43966b, qr 6sr4g b3q3dq3.:SXqolrwr3oU A,rRrbqoR
U.>;o8obooU-
aObsrttl" arqf,$olo 6sRb3rlr0}s
go5r5lrtrt6o .r55st6oB6Xdr $v60oq6X5oqor R.)6?0, 6clA0RoO dr5.pb g25Jgoo5oq36o
t;s56rr6o?5Xdo C!q?6u. 6.><6o6XdXdo ?Obro?6 A.)q?$.)?o o.>3q.>Jot63Xq.:p mUrLXd.>
BTSJGooSrqU6 AiR?6rto, 6rt6o6XdoL o!6oRolr.)o,Aou 8r'rJSgqo 6og3qooo JI6lrot
q.>
?nb.>}$otr.:q. ?GLrotr6 3bqt$r?o qn5o8o5<x6ndtrqo tstqrRo .ijgo366olt qr
3.>q'qXd1q663}olr nr6o351q A!R?6r?o 6JR.>B;L1d.) bq6}l ;56.:6o?6ndoL o.>r4oqoL.>or3ol-r
qrgoJLo6XdSqo Bt5dgot,l5rqtr6o ArR?$nU b.rcAqoolo dt6lroo. ?Gb<'r?{6 3rq1g.:to
ol.r6or6olqo go66d1q6doo $.>t63op665oqo .)6r61qrqo X<6o6lqXlot 6rq.:grU1d,:
bror6go6qq6}r orgq,:Jot636qo 6v6n666obror3olr rr6bndSqo 6r(J0qoom dtr6too,. TOberA6
A.rRt$lto 6nrqy4o qor6gi2ql}oor $lr43oq6n5oqo rr6rg2qrqo n<6on2qldoL ArqrgrLadr
bot4gogqq6ds 6grqtr6o qo66dXqXdoU 0r5lr.)$q36oU or6oqollJo,AoL .:16LrXdtrqo 6.)OARos,o
;16Uoo. 113to3t6 ArRT$.>?o 6r6tot6go6qndtrqo oJnr4.>go6dol.r b.r33qool 6TAoVAAIRo
0o66dr $ $.:t6.:qo &'r6gb+$r6!Rolrr qr Ut3r Ut61qo ?60olt3qoL $6r6o?66d.r?o
soUrb60s 76b<'rXr6o A!R?Ooo, 6i5tro6go0R0d?Ro oJXt4q;o$oqs5 0oq'6d1q $0o5pr
&1666r?o - b.>376bcr tb3.>od6l?o, t6o8Xqo6 dr5,1L 6rq.:.:j3L 1gbo16o ArR?$oI,
6rRr3llr6doU <4616t63?o q.> rrrroOqob 6.>8o565nlr ?6U,>dqnd6qor Strnqoq 6rqugsLl6ob
Oo0rg.>qo $3o5qr $r6,>gotr ;o8)nSbor4nloL 3o$5oo, 14o6o169 sq$n6oqor 23-3 ?65ot35r?o.
LbSsods ;o5gt<rrjgoor 6.>o3.:qob$o53d1q 36bo16 AlRIOrto q35o3o5o6n}1qo
6.:r6o6Xd66ob A,)OARool ;y6L3dlru pr d!5d?o 6r6obCdol, o.:r6ogolrsor3oL rr6Lld1q ;Xr4L6dL
?rnr6ob rolrb6d.> $0o6q,> 3o6gd;?o 1gto16 3rq1$.>to 6.>5bor6golq$1qo tr3r|6o
oJgt6.>6o6doqr5,
186
arcfl\Eooro d;6taro
dA6Acro Ar,lOAAiRrt $qolr 6<'rqolsor3olr .>6U6dXqo 6r63q<r<r,o ;Xr6lrn6o, 6oaqX}6 dr5;0r
6;&'ro665o go5.>5lr3r4o .:56.>r6oB6nloL &o0$rq6boL.:b:
3t qgnillnt6o 2012 3l q63536n6o 20tl
poq,:6o
15j67
q.>6rr'1 X36o
2.t825
q.rdrr'l 3156o l-rgn6qo55o
qu6rr'l SDR
2.&53
６
７
ｍ獅
図２
期
５
q.>t6n/1 o?B
25$7
BoSt6lr?6o ril$oSAlol, Rr Atqqga1qg}gfot 6o;fuoor6.t
go6r6Ll<6o .5J6omlo q.: go5,>5t3<6o 3rqqndlqXbglo o;fuoor6ds q,: goSuGUSr6o
0q5ofu6noloU r65rr4o?66drto .>oU.5bAdr V8oER.5 o,,\Eboq,, oA ?fortg63.>?o ol? drSdU r&1,
ot6oRotqo IBR6A! A.)GrLo6goXqol.r sqor6nd1qo o,iStAlol, 6rJAoo,A.r q.: 6o5$<6;blqo
rj3L 8o.>bqoSoU .rjgo3olr E.>o3q; $0o6q.r qo<46d3q6doo rE 6r4oqt4otqrq 8r.rstRo6tnll
.rd6o3ou 60rRo$rcor qr 3oqq661q0dol, Rrtsr6AJ. ds5,;o 3rqqnE2qXlnborrS 116 j3oo;3L
arR.)O6A?q, 9o6161116 ril6o3U Rn 3.>l.ror5 qs;s3?o6362q 3rqp3B1q66str, r6oq6Lrg sLstr3tr
o3 go6rGlrlt6o ,lil6o36lol 6rqrgn8rL, r6o0q3Eog.>16 n;lg30q6lr66dr ;gor6gdot tngg336sL.
S11555'11116<r .:;lgo66lob
666qutqo3s6os
o3 ?forb36o?o, or? UnC.5*6stR 6s6;1or35oq go5.:5U76 lJOoA6drR dRrlrotsogo6;Af,Ro
rt6u$'.>68oX81qo go5.:51136o .>jgq6toL 6o6oq3r ubqo 0o3.:3rq?o;qu<6 o66636d.:,
T6trdqSbgqo.r B.>oro 146;qrLogo,p13o.: 0o5gd.r-t.:r6rq?o 6nrqtrr6o qor6gdlqldoor
lR6ogb?qo go6r6Ly4o .>jgo3g6oU ;rg36or6o6doq.>5 ?60916 ;,:gg6o16o3dto:
.
go6r6t7<6o u;lgo3ndo, <6o8q63o6 r;3s1ogoq6dn5 $30oo 0o6683q blLbndoUr q,>
Soorbcr3S6dolr 6;50.:r6g1bsL, ?3odq6dr 66;q.:togo6or4qXb
lr6Ub$ts pr
3oobo351bEo, orl ds5,jU 6185o,: 6r5$r4rb3.> qr 15u6o SqolqSlr ra lJOoAAdl, rbqt'l
0o8.:g.>q?o .>5 q.:g.>r63ot 3sqsSqX;
. tt3r tso5r5t26o rJ$o33dot r43,.;q.:Uogo;r6or SrLsXoqsq sr6b361q, s5 qr3sr43oL
3,>q.>3qn gqo6oqo oElr06tAASoClol-r ;rgX6o6o3dBo ?6tsdql}0qor SLerqt'rq oB3o.)or
?13ort3n3nB?o.
5rt,>6oq,:q sr4Un8lqo go5r5ty4o rd$o3o, 6cnAflRoG .>,;0.>XogoqXdt bXl.rtXdoL; qr
SootoSSndot 6s63rt6g;brU, oB tn3ob333s?o r4n;qrLo3o6o6q6ds Lnbb3Aot.: q.> Otoorbo3Sndot
d.)60Ao6orto, ol? dr6Jl, rj3L 6r5$t6rlo3r qr 15.>t6o gqolqSlr 8rt rtqo 3t'r3,r3sqtso, 15
qrgst6golr 3rqr8qn.
go5.:5lry6o s;lgo6XloU r63,.;qsbogo;r13or bor66o6qq6ds Sroo 66rqtr6o qo6CdAq0doo,
663q;togo.;rgootr o,r6oRoL 3q6o8rr66oloo. 3o66drUr or3 $r6!Rto 1,33X .>qosr6Xdgqo
3o53dobr qr $rr6rqoL t63tgr63oU rqq665r 116 tot66o6qq66; 6o5161126o rJ6o3oL
t66;q.>Uo3o,.p6oot ob6oRol, 3q6o0.:r4Xoboor r66rq1t4o qo6Xd2q3ds hpglr Soto rt;qo
o3ooqor6gb3q6}s, u5 o1 3rt6ornblqob 0olro rA.,6oo$ndtrqo pot6gdlqXdr,
t6qAaqSlSgqoail an6lS(ol, t306{r0}o ql q3!ta}1lol, rdstr6$a7kxrAot f6sr6r,l
dr53oL go6.>5Ly6o u56.>6ot6Xlot 0o3'brq6doU )t6og3lm 0ooobogL b6q0dq3.>SnqmloL
?1g.>Unlndtr q.> qs?3nB38l-r, r6o0qnbUrg 5r3qX6.> jglr .:56ur6o?g36oL oli6oRoLscrr;1oL
rd$o3Cdolri q.> 3sqq181q6B6doU $'1160oq6X5oq or.:5tn6$6 qs.:qosr66d3q 3o6Xd,>lr.: qu
$,>r6.>q$g J6r6ooqot doqoUsor3oL q.>B3Xdndo qs 6;5L5ooro ?6gutSdXdo 31p3o3rq
brSoboqCbr bnq8dq3.>5Xqo6oL 0o616. tSqSdqguS6qodot t3g.>bnds 0t?d50dr oL$ot6o2q
,>
6rAr'rGRoR1drL q.: 3r6,:3rq lrt3r g,>J$ror6L, r4o3qndo6 3s6o6d1qrq oo3qXds 3o3303q
5116XOo6I6bBo. dr5;oL grJgol6o ?3q66nlo BnodqSd.> 615btgsgqndopnlr r3 pst3Xd66oLs6;5
l.rb3;qrl,rt3s Jor6odXdto. ds5;olr 3o5sEL16o 3q6r'r0st66odoU $s68oq6g5otror3olr
05o335nqo35rq oo3qXdr ?XOqX6o q,:?3nd;do ps 313,iLXdndo.
187
gttЪ 働ル
α見りごフら百aメ b32局 pい
Rび60R。 60b■ R3る 。0も ｀ も■RO oSし ｀8q時 、で も
R08o6o6も ■
̀♪
̀o
6b■ 6006b66■ Oo600、 toし ■̀t33■
R。 田 OR。 ▼。68o030R080
RO。 60。 熙 060
8o60し 、も、 Rδ ヽ、6。 RЪ
o6LÒtOo668あ
RÒ♪ DRo300。 38o廃 6L■ 6o o6L6̀00o66゛ Ob 60、 R■ 60R060bUR3あ ▼■68o、 Rδ 86t
L。 で、
RbR606oR oo5boも ,6o3R00メ30606 30R3ふ 。 3oL■ 6008ヽ
̀003b
00■ R86000,o6ι oRo030Rミ 3006δ びR30bδ O■ 押 606● ■R006も
Oo660b t。 3、 ヽ
0̀■Oò。
̀"。｀3
も,60oR■
R060b■ RObb δ
■R3350も 665̀0■ 0む 。 し。も｀｀60R0603■ R3む
∽
R、 日
̀o Ro60。
3部 ヽ80060bO S̀3δ
̀b03oる
6oROb、
■ 08。 も● Ob
6Lふ もヽ 60b肺
5o0080bOR。 5,s60o00
̀R6oあ
ЪR3Fl。 ■詢 JR゛ 沢 い しヽ 。Ъ6o8sb゛ Ъo Rヽ 86R6oふ 00,60oRυ 60 RÒ0も ■R3あ
ぃ 5ヽ
R606R3̀bじ L8。 ｀6し Ob]R Lδ じδ｀600o6o008め ヽ3R● 86R6o3oo,あ o80R00000L。 し。383δ
Φ00000qo 360RUJ60も ヽ マ。 3oし ob RoR6060L 8o健 0興 L RS 03860ふ も 80い 6t■ 6o00̀003Ъ 0
Rs8■ 8603■ R3bの メ 6o3■ 6 0000ROR00ω も 8δ bOL RbR。 86oL 8oROR030 003δ ROL'0603b
3bLoδ 5o」 δRbRRo30b 00666oJOoも ｀ 6ob゛ b RS■ 調 St030b LobS｀ 6o〕 δ
̀o3866o3b,
oし い る0306oo。 ●6、88000あ ,33。 R3bδROも も,6sc8ROO10 0■ 6tOoO
RS
̀o6o6oOδ
0006o00066o
oJ
toRδ
L●
Obも
b。
｀部
ヽ
o3]8603っ
00606δ 。3600b b。 3̀択
6 S̀
Ro
0、
き、 80060
,Ъ oR30R13● 6」 R口 Os SR686b δ8)y6● OòoL O調 。■o30b b。 ■3800bO■ 3RaOも oOoも
06t66■ Oo660b 6。 8。 LO Rb喘
0｀ の 8。 買 Ob'0600oo,0■
6■
｀も
認
603s bb3｀ い も
し
い
。
̀ゝ
0660aR3い
oo田
bb6,8■ 6o6δ 6し δЪOR30R 00
o6R● oRδ
もも｀ b̀ヽ
O sa 8o、 6o80も
3S06L66■ 00660あ ,600Ro300 0000｀ 3し
0000も も,oし oo60oR恥
OJLoあ 3oR、 600し
'6o30800L Rδ
30ooRO。 も のo3R｀ 30̀30RO bRい 60あ ヽ も 806、 6b06o06L6̀t8066● 0も 6o。 興 り
Ro603■
gマ
もo■ 00oObO
030も
RSb。
3■ Olab。 ｀60b6ヽ
0̀■ 0メ̀0
00
60003ob 3bbO,K77o06■
RStSb■ 00̀3Rω もさら、ヽあ0006o3000bO。 60択 o6030b bb8〕 388R｀ 3
60も oし 8o06o bb3。 0。 。 6o6o6030b3bbヽ Ro R0603■ R33bL■0̀oも ,6oOJR00 000δ じ0。 Ob
00J6oOoも 調 υ860も b b6 δObbtabo 3o6゛ シヽヽ6sRobb Rb btOb L̀URo■ 880し も3ROb
、
66òo■ 60も ｀
Ъ ΦttR歯
Ro響 ぃ6● obδ L
Ob3R。 こ0̀30ROふ
RO。 6030L。 し 806。 6b
tS■ 3000bO Rδ ｀も
り0や S b6oL 6、 6063
8o6oOp030b6 00R
O o6b06■ Oo66o30b̀3bRÙO RÒ33■
830t tb3■ 03Tで Ъ0
R330b
t BbbO,0■ 06も 0 ■Oo660 Rヽ いお■0♪ ■ROヽ し。も、ヽ
̀o
も
、6300008603し ,6088o6● 6b■ 6o o6t66■ 886ooも 000oも 0も obs5 Rsab8■ 面0。 ■R0
880ふ S,00■
3■ RoR6̀]RO R。
000b8田
。Ъ
60R3｀
3800060̀DRO L
δヽ
、L030｀
6oも
̀0も
̀わ
ふ
し3R8obs,8R08rl,▼ o60い R606も ■調 bbObob b̀｀ Ls,6匈 6oobob肺 o3｀
6α )
Uδ
̀▼
̀OL
6SR。
OCRuR0 03ROR゛ Obふ ,る 。マが 6。
o6も 03oも し RoRoメ マふわ 0さ 。 8obo〕
0̀Oo3L
0060b。 き
ЪORaaR3。 50Roも oも ■00oも ObObも し、36o006oo
6ヽ ｀ 淵 300bOb6,00も R♪ bRO｀ し。ヽ6,6b00RO∞
。366。 しも、
3t16じ 030も 5,0066る も
360R0006o000660b6,■ 08bba30も
0も あ08060b
t300o80■ 6 3bbδ も0も o03ROも のo6800も
3060J00603bbb Rも
:Rb α )■ o8。 も0も Ob 38RORa30も
̀o3bbЪ
66 00初 ヽ ■0▼ も
し｀ R｀
｀ROb60。 Ob 088」 60o06b6b86o OR6oOb60o30b δ
̀30R606oR
bJ603●
6Rab
もし038 00603sts、 6ヽ o6。 RЪ O,̀o00RoO■ 0 R03o b̀L゛ oOo oR3o綺
b8RaR3b60Robも し 6oOぃ 8o08060ふ o6oし も8。 R。 ■00も ObOヽ 3̀000660い 6、 」3か Φ。6,
03。 R3む 。ROも 、もoも 5,6sc8R00 0■
3bO。 6.31D66̀も 。3660Lし b360ROo0 6o00066oo5 Rδ
̀し
bδ 6 000、
600も o■ 0,00306も 6Ъ ]6006も 06■ 80600さ 010o3。 も
800δ babOl1 30̀OJ60̀oる 。
a30tSt,
6b● oOb 3000̀03oROし 、
おヽ6o3oし 0ふ 0,008ゎ b83ob̀o6ò6 RoR
̀｀ 。し ｀るLObooo oo3R355 0J6080R。 しも600し ,ぃ う8o、 。86oR▼ 3o6、 も
630ROROも
6o00買 ΦooOoも 、
6。
。し0303● 0"。
8o60も oЪ 0
0場 け島アウあらや り出稜漁
"吻
笏 ″ ″ι
り お ol″ 助 3η
600ot■ 03｀ もObOt a。 、6oo 60。 ■R。 R｀ RO｀ 6oも oRも 8も bb3■ Ob6 Lattabも 、 Rゎ
̀■
。3S6L3ふ も OS■ 8｀ し■6030L RS6、 3● 6603ob sRob̀0
60oむ o60oし 、3■ 0。 る。 もObbOも ObS Rも
l180ヽ
δ
Lδゝ
ヽ
60o bObЪ 030b
8。 6b03oも 3o6080Rth oR6o6t tabb8
■3も し
■
a6oも も
̀030L̀3Ъ
6。 ■
3。 し
■60bOし
8680｀ 6 Ro」 o3■ 060も ]興 も
■史ヽR66]R
RS■ 80も Obb 8006603b■ 03SLàOb
̀0｀aooOo6▼ 8b60R,6。 マ0も 6① 、
、6oも b6,0■ 6oobot
Rら ｀Φ品 も ヽ oo
̀b8303L
RORO、
306ooR■ 興 0 08RO熙 0も 。もo,6bR。 も6b08oOδ 8bR0 0。
ヽも■ЪR3RObOも ■08bbOも b Rδ
Oも ■8bb■
R bOも b030b6Rゎ 。3も 5bOooo6 Qo3。 30060b■ Ro史 b6δ 3b66030b6δ 6Loヽ R365
̀83■o。 0030̀00で 。
3603■
しb030L δ
｀
600b800̀
oDも ゝ
Oも 5306● ■8bb■
Ro3■
興
60｀ 0,Rぅ
̀t330R058òヽ
。o6し oЪ R36■ R Rδ 6δ J。 603も LS R。
■6R。 5oJ、 660も し ■0̀0も 60も ot80060 860■ 850Ro3。 6o
̀3b買
bbabOも 5 658oo,308b b｀ 630し 60｀ 3る
3030も OLaΦ 30̀OJC106oも 、し,6000R3δ 00000R385
b̀し 8̀0000｀ 8R36s o」 m5ooも 80b8o6b6b]る も
66。 60■ 60も ｀
｀38o8δ 3δ q■ o
20
188
Jr4og6bo2q 6.>5Uysb 6nloL3o6r6o 6s2grLyrr68oL
Rr5r.ly600doL RrlriRA1S.)R o8 ?nilorh6X3.:to, ol? aLgLbAACqo go5.:5Utr6o Jr6odqn8gdoL
8.>5.1o 6t6q5odo b6q3dgg,>SXqoloL
[o5.>?6 rp8m86qr q.> olrgor6olqo ArAoGRoqCdoL 3o54n06]o Slr6rgUo SUnUbndq6]ol
?6ltbXd 0$o<6o.>. du53o gtrq.:qo UrbL<66doU Sodr<rroEsSo 6qoq6}6dU AsSlt$RA6.!31, [o5b
Jn6ooqolr 6)aroGRoRABo$A qr bnqSolr.>S3qo8 0o5q36368t3 qr6r6q5o6oo, r6oSqXdog
OoSoroor6dlr ?i6Ur'rBoq, 63qoqSdndbn
y633?o Bn8r3;qo SLgUbSdqoU
6,:q,>hqot16116o.>5odolr q.: .:q6oqodr6ogo 6,;m5o0o,.;16o Jor6o66dot or3rqLrtdoLoor, 1616
13r6?or6q6dr ds5,;oU .:1l6o36}oL .>SoqnloL ?6ltdq6dqoloL .:6 .><6lrn6t'rhL.
tnq8dq3r5ndq<olr oSnSndU q.:tg6d6dL o0 r;lgo3ndolr olrgor6o2q qo6r.y.x66nd'b1
qrgt6qSoloo, <6o36qorr tr3r46qogo 16olr,16dob 0rb.>to.:oXdqn6o qr 6r2grlry66doL
odoSjgy6o 3.:Bg656dq6do 3U6.rgUo.> U6UbXloL 3o6n33qo 161golr.:ogolr. d.>53o 3o3sr6o,>gt
tnq0dqg.:SgqoloU Jr6og6lrotrq 6;5b96uL q.> .:.pr6algor666L UnlrbgloL y633ol-r ?Xl-r.:b3d
It6b6d1q 3o5sgn06dL So8qo6rt6n A1608t'lCb06oll bror3.:qoUVo56Eoo, r6o8qXbo6 .:jr8qX 116
.)L,rb2Rr oL6o6opq 0o5.>g60X}?o.
go6r6Ult6o ujgogdoL 6.>jgrL766dob r6X$n63o 9o5151116 .:56s6o?6nd,>?o 6r5oL.:tq3r4,>
ut6L6dtrqo 3;o5o0o3316o R.5 Joqo$oJ?6o Jor6o}6loU 6.:oSuqol-r$o6nBoU Lugld6q$n-
hdtuNqo bn A,XAAAbbs p6 rdrAtflAtiorqAe ofio1nbb h>h>rl6Xdqo ?etQttt7*ob g*.)
dor4oorrqo L.>?pqnd6lo qr .:t6r0.rg3r4orq16o
.:jgo6do $;r60oq665oqos olrgrnr<rolqo
qo6SdlqnBoor qs6r6o3oqo 636ooly'r3o66o$s6ooU q.: qs6r6o3oqo 6r1grUy66doU
qu5.>;rr4666o11 6.>0o;qndoor. dor6oorqo Lr?2.>q6d6dobs qo ur4s8ugXr6o;q1r6o rj6oSnloL
b.:Lrt66Xlqo Sob8rr66Eolr 3rpoL qoq665.: $rr63tosq6n5tr blq0dg3r6nqolob 0UySqolot
lr,>6s5L 0t6rgb rjgogXdor.:5 .:r6Lndtrq 6s3o6qoq66.:$n qs6r6q5oloor. .:;lgo32doL tsLsr6Snlqo
3ob0.>r63dolr 3uqoU grq56SoLrU tnq8dg3oSsqols oor3sqoU$'o56dt SoLsqopS6q
6.:3o665nbrU, gnjSo;14 Rr o1!6oRo?q 0od36q6ds[, go$o;3r4 3ob0.>r66d.:1.> qr 6g6orsL q.>
oJ$o3oL UroJ6<6.>goo 5rr66&rU J$$6gr66dU. 63qoq66$ r6o0nqo83 nr6o Jo6olu?o .:5
?6gsLnbu?o ?XodqSbs 6r3oo$3ooU 3oil.>3.>q"ilo 636oroU.> qr .:ilo66o$;gooU bbbbJAColoL
J(,6Ado()6Alr.
JtJR0 qJ S0lrV(l€i0DAq0 BOGJGl,tcr0 SRdOOtSOl, U506o,.)EO6Olr(9 lr655RJ600UOl' (ts51.,1r)
a0R0}}
G8qoqgfudo A!U) l:!o 'lrL8r 1"6?qo ?g&rl's8qob doAJoGAS60Eol' Vrdq605s"
d.>5,j0s SoEsL$.:r6 Sooqo drtL l-olr ggqoqnds}o "tbgs Lr6lqo ?63oL;3qoL
[.x6q618.:"-Lo.:5
qs3tg?o6ldoor dtqt?o ?6lr3qoL orr6oqs8q6,20D $qoL I o3qoLoor pr$36d2qo
s55ot6o?6gdoL Jnr<rooqo. 3og131qo B3L[r.rdr3d38ot trg1d36q$n q$;3opr6qs rb.>qo
g6t68o5oqo5ou "Lt63qo 3r'r538,>-$.>r6.>qoU .>5g,>r6o?6ndob" p,> "333oL.>gqoL ,>55,>6o?53}oL".
d.>tt l-oL "lrb3r t62qo 0r'r6Xds-ts6rqolr [,>r6p616r" 63qoqn]6BoU tXlr,:d.r0otr.rp "L6Xqo
3o6Xd;$sr6.rqob ;56v6ot6gloL" 5q33qsp ps0;3oqr6p.: "3o6Xd>$rr6,rqolr,> qr tb3.> l_161qo
?63oLr3qolr .:56u6ot61}J', ,r lr13g "t63oLs3qoL s56.:6o?66doL" 5,>63q,:q - "3o61d,>$s6.>qoL r56s16o?g3d.:"-
63qoqlblbo dsLU l-'ilo "bb6,; b67q'o 36&,tlt,;Xq'o[t f,:l4,6X5,:" odqnSu ?nh:dqnlqodsL
3o516;$.>6.>qolt pr bb3u t63qo ?23ob.:3qol-r, 6o6at66 nia oL6n o16, 3.>56.>3
or53o0q6r63q r66,r6o?66brq gsr6q6n5.>L- 3olbnqs3;q $ob, ggqoqndSdo drtL l-to '?67o
b67qo 17&tltng,olt frdp6n6,:" &roobo6t lrb3s lr<67qo ?n8erUr3qoU )35jgn6ot or4
dr$Cbs)6o.)R q.>y62g6doU Lbg.: Ur6lqo ?nStnlt3qolr 6.r56ogoqndsto: (r) J15Jg6do,
t4oSgqorr 6n,;quUogogo166}r .x6 Sobq28u 363q6o0to 3o6nlr-$.>6rqolr gv66q6d?o qu (8)
J25Jg3[o, 6o36qorr r43;q,:Uogo6or4Xd; ?nLsdqnd6qou ?n8q6o0?o 0o66].s-$r6sq?o
Jtn5;d,06?Ro Jor6odnloU qr;3o5o3oq6dot ?g3ob36sto. 6qoqg}6doU 3oq6Br 0obqr
63gt6olrJ6Jgo1qsq, ?gbslsSoUsq SoUqs "LL3s Lr43qo ?n0ot.:3qoU S.:16q635olr"
3opo6ogrx46dr GARoR1dCAoL .:LsB3olr 3o$5oo. $or6g665s?o $6&'rbbn6n61qo 63qoqndndot
6,:6qr ggqoqndnlo drLlr 1-3o "bbn,: lt67qo ?n&rL.tnq,ob fu6p6n6; sr6 6$oog'36U
,>t4.:5so<6 5,s3qg5rU 3o5ndr-$.:r6rq$6, bbns tr62q ?n&.rbr3.:q$1 sE k67gl ?60rnLs3sq,$1-
つ４
189
O!8sr008ARo Rs 19A6 n6 toea$m. sbtfqo Rs AabfodOlaqo go5$tr26o sqr6o6L6oU
l$ACoh\lo6ol,o t0s5Ri60Aio
gofu5tX6o u56or6o?6ndoU 6s8olt?66drq R$6JoO0Iol, or.:<6oqotror3oU, 5$ogX33q oj5o,
o1336r duqr?o .>6 o6o EnUlqo, ?n3q36o Lg$qr6g6do q.> oSgX6Jr6Xgrgonbo, r6o8q3do6
do5;0.: .>6 0ooqo Sooro dsqs?o ?6UgqoU oru6oq.r8q6
r g.il-rU 9,,3oEs5LT6o oGt66?8C5OAlo'3'
. g.:Lb l0,,,.yo6Uoqoqor4Xd2qo go6r6Ul6o.:56;r1o?66dr'i
o grlrlr ll ,,6r6orolqo3o t.:;10o.:5oloL ?nors5b0nd3do5
r grblr 12 ,,I-rbgs ;o8Jr5onb?o 8o5.>goqnodolr $sr+rq6n6s"l;
o grbL 13 ,,6gsq76o qodr6dtrqgdolr ?6gol.r6do"2;
. gsLL 7 "9o5.>5L2r6o oGL66Aa056Alo: 6s53sr66nd3dot" 63q'oq,66s - " 6o60sr6gn868o
3o5.s5tr16o .:j6o33bolr.: q; 3rqp362q6dXlol.r 6sj3oor3J'l;
. g.:LL 9 "9o5.>5LX6o o5lr66Ta8560}olr!" qs gslrL 7 "9o5.:6lrtr6o o5Lgr610X6gnlo:
6o68sr6g3dn6oL" 63qoqnlnlo - grLL 9-olr dsqr?o ?XL3qoL Ls3sqq6Blqo ordrogo
R! 66r5$o6ooL 6.r50v4$nEnbo"3;
. grLL l0 ,,3o6Uoqoqot6nd1qo go5.:5Ly6o o56;r6o?6nlr", g.:LL ll ,,66orodqo3o
boJ3o.>Sololr ?6or.r6U8nlnbo" qr grLb 12 ,,lrt3r ,y'r3J.s5o6bto 3o5.>Soq6oboL S.:t6q566.r"
63qoqndndo - ",1o5Loqoqor4n63qo goEsSbl16o u55sr6o?6n5o", "nr4oolqo3o
L.:j0osSodoU ?6o.:5b0616do" q.: "Ubgs ;o3Js5oX6?o 0o5,s[oqnoEot $'sr6q665.::
g16s6togoob 6o53116$6836o"r;
.
gslrtr 19 (?no63sq; 20ll [XqL) "or.:5s3t6er0Xqors 6sl-rs8r4966qm 2;
g.>Llr 2? (?no63.rqr 2011 $3qL) "Grq3AtRo go5.r5Ultrro .>66.>6o?63d3do"2;
dsbU 28 ,,o536L6o6oXdo .:Uogor6ndlq pr 6t6oolqo3 t;$u63m68?o" (?6o63rqr 20ll
.
.
Ioq 1.,)2;
6.>LU 32'go6.>5L2r6o o6lrgt623n5g18o: $;r6p665oL" 63qoqXd.>
- "go5;5l.ruio id6oAAbolrs
q,> 3rqqSdTqgd6doL 6rJ3oo3.>"4;
grUbL-ot g3qoq6d6do - ggqoqgdSdo ?6oq.> 2009-2011$!'. grUboL Xo36q$qoy6o
BSLSot6$nBoq;5: }.>LL l-oL ggqoqn66doL 6st6qu (a6. S2&ta) t.
I dsqs?o.:20lll $qoL I os53r6oo qr$'6nd2qo [qo3r6o JSr6ooqoLo3oU ;p<66 ArAt'lUCS6doL
R!?CCdoor;
2 r0 bloro l$.>5qsr6goq$ oloo,o6ARo U$r5qv6$o d;qr?o ?33r 2013
[qoL I orSSdroo
qs[5nd2qo fqojt6o Jnt6ooqoUvr3ot qr 0wro sq6n 6$oXg56dr q.>?36]1qo oJ63dr o3
B63orL363sBo, or1 Sobqgds blorogn Ug$qv4goU.:q6n 6.:8oXn53dr (Ar6Rs RrtL l2-olrr,
r6r'r8qoL rqr63 5;0o965X6.> qot3Xdgqor Lb3r tgsSqr6ggloL6rE q.>0o1;oq68q,>q).
3 dsqs?o.> 2Ol5
$qoU I orSgt6oo qrS6$1qo $qotr6o Jg6ooqoUogoL rqr63 6s0roXn5ldolr
qr?3ndoo.
a d.>qr?or 2014
$qoh l or6gr6oor qs!'6nd1qo $qo36o Jlr6ooqoLo3ot rqr6X ArAelU1SAAot
Rr?0Clo(r).
Lstrtt 32 "go5,:5bVr6o o6ltgdV025findo: J621ry6Sq1ot" GaRoRA}; 0roog.:3t go6r6tlr6o
.:jgosndoLs qu 3rqqndlq$ndoU 6r$oor3sto$ qr,;r3?ot6g61q &oorbo363}L. ;n<6doq,
?6L$o6Xdr 5r50r6grgL ?gaqn6 gn<?r8o56ab: '3og6ols 6rj3oor3oL oA6oRoTRo 19q36.>", qs
'lm6J6o61qo t6X;qo$sgos qr o66.>6oBU[ot666J'.
g,>LL 7-olt '9o6;6L7r6o oEIg67A65[2Ao: frr6p6X5,f 63q'oq'Xds 0oooto3[ L;$rt60ol-r6;5
oGgor63s6o.>t 5.>J3oo3.>l.r; Rr 3.ruo,r6 q;;r3?or66d3q ?nor;5k33d.>t3 (t6o6o16og.>.>
qrSu$6dooro 0oobo356do) goGutl6 oELgt61315$6}ors5 3o0.>t6orXd.>?o ;16l-r6d2qo t6or6t8ndol-r
Lrgld3nqtg.
$.>t6q6oEndXdo 25qr Sobq6lr 6ngr6r'rLJnJgolq.:q ?XLtdrSoLo J6r6ooq6dolrsorgoL.
190
gr,t6, I'Bo6r6tAdo o6t0dU0A50Alo"
"jrbb 9, "go6;5btrt6o o5l:5670266a2o'i r6o36qo6 bnAcrEA1E?q oj5; 2009 [qoL 5o60]nr6?o
Rr BAoOSbqr 2010 $qoL ojgo0d3r6Bo, !'.>t68ouq665L ;boq OooboSSXdL go5.>511116o
oj$o36BoL.: qs g.>qq6}lqXd6doll ;q.:l.rogo.1r13orL.r qr BSgrlrXlrtos6 q.: .>qo.>r4Xdol.r
Bg!'Xg;$rlrorrS 3o3r<6or6du?o.
grLlr 9-oL dot6oorspo Soobon6ndo:
53nqr rqort6S}lqo 3o5.r6L16o ,>Jgo3oL, 6oOXqLrg nb6d.> 6.>bt I ,,6o5161116o
o5lrgrrrX365g3do: rqos6Xls q,s ?3gslrnbs", .>qosr6nbolr ?60q6oih Ar6lr.rtR36.) 36pu Sobqnb
s8rr6go$gd2qo r5 63rqy4o qor6nd3q6doo. ,j6r6doq, LrUXtto o6tg610X5gndo, r4o0qXdL.:g
do$5nL OoqnqoL t6U.:6$oLrq oSn6nEnE ;o5g<6rjgoor 6sor3.:qobgo6gdlqo glqsqo
L.>bLr46dot SoqnloL 3o$5oor q; r6o8nqo.>g b.5r66oro, Jo566nd6oor 6.rorSsqolr$o56d1qo
g2q.:qo 5.>;sq6do qo $rr63orq6n6L dor6oor;qo or.>5boU.: qr Rr6hASoR do6oorrq or6k6B$n
Rr6ocb?Ro J<6og65gob ATRTLRCIL, $o6rprq vlL.:bn8u sSor6gotXllqo qor4n}pq$oo
r56,sr6ot5nlolr ?6Us};0ollo Jl6ooqot dcrqroU.636qr LtSr b.>b6l-rto o6L66Ia 56rl lollitAd!
6nrq16o qot66d2q3}oo ;qo.:66dob ?63q6o0o .:56ot4ot666oU J66ooqol.r doqoL. $o5s
Jg6ooq6l?o, 8.>lrU 39-oU Urg2d36q$6 So6glrLr Rr tr6,)R?o t63,>q16o qor6g}lqXdoor
.:Lstlqo go5o5t1<6o 3rqgndlq6doL 60.)q?6o qo61lXq$trl, 63qoqn8oL n6oror6o oo6t.>
.:gor6nd.:U XJgX0q6drt6Sdcrqs 3o6nd.>U.> qr'br6.>q?ogsLL 9-U 633q.:$6 35ot35gqog.:5o 6lgqntu goSrEUSr6o 3uqq6dlqXb6boU ;q;Uogo,3.>13o.:l-r.>
Rr ?6B.tLJd.rLoJ6 3o0rr4org3.:?o 1.1.i3?ot6q6b.: (3o6nd;t.: q.s $sr6.:q?o r66sq16o
qo6ndlqdoor sUrblqo) go5.:51116o 3sqrynd7q66olr r66sq2r6o qor66dlq6doL oL6oo
g3qoq66ot sL.>t3sL, 6o3nqo6 6$o[66pqo.: rB 3rqqn]3qndot tr,;r4gqogo r6oL,jolr
63qoqnloor. ,jnr6doq, g.>LL 9-b 6rorSrq'ot$o6nEob.>U, go5r6ty6o 3rqqnd3q566doL
?X8ob3ngs?o, t6t'r3q6lo6 0o6nBslr.> p.: $.>6.>q?o,60rq,I,6" qnr6683qg6oor rot.:Lgls,
6grq36o qor66d3q3}ob 66qoqnloL o.>5b; rB 3rqqn}1q$ot Ur,l66qogo r<roL.;oL
63qoq6ioL t68ob6nnr?o solrsL6dr Ltgr lr6Xq 3o6nlv$v6rq?o, 6,>6q.> o3 t33ob666doL.:,
t6oqnL.:13 sAb3lr6o ;(<lr60as AsS<'loVAUlr, rE 5.rtalqot dtRr(06TSe SXSlrlsSolsU 8r'611dob.>
Rr $n6rqto, gotu5Ltr6o SrqR6dARAdol, Lr3r6gqog<.r r4ot,joL 6gqoq6BoU lgnjgo r6X.>qy6
qor6n6lq6dr$6 .16 r4gqrlrogogor6q6d; So6nNlrs qr $sr6oqtso. $o5r Jg6ooq6dBo, d.>lrL 39olr Ur31d33q$n 0o5nd,rlt Ro ty6rR?o 6nsqy6o qor66}lq6door rLrtlqo go5.:6Lgr4o
3rqqndlq6doU 6CrR16o qo<6nd1q68oI G6qoqa]ot nr6oro.rSo orr5U.> .>qo.>r6Xdrlr
1j363q3dur668oqr 3o61}.lUs qs $rr6rq?o.
B,>5;oL tnq3dq3s53qod.> r)o638L grUL 9-b 8oqgd.>U 2015 gqolr I o;5g6oo RsVAA}1Ro
Jnt6ooqoqu6 3oO'brqnblqo l.:5.;olr go5.>5U16o .>56;6ot663oUor3oU qs or3qoU, 16oB uLsqo
UOr5Rs66ol, 5u3og65nd;L 05o?g6nqo3s5o 6u3q65s u4 6j5Xd.: d.:5,joL go6r6Ly6o sJgo3XtroL.>
qs goSr6Ult6o 3sqq$lqnB3dol, .)ALTLACR o.>5bndl,n.
grllt l3'6At<A6o qodaBaEadolt Oaqslrydt"
gslul: 13 "6n;926o q'odXdTq,XZoL Tngtbnd,:" 0o$5;q olrsB.:3[ tntsbsSoLodob
brta1t.rd;Ll}.rLs qs Lo6orlq66dob rq3ogt3r6;L oSoL Ls?1uq3doo, 16o8 1trr61561q6r'rgL
63rq1r6o gor63d2q6doL tll-rg 6r53.>6g3dsL, 6pqp6o qor6g}lqgdob ?XgstndoL po
$rt6q666oL Soorbo3SXEoU 3t6oros5 $6u6olr, t6o6 5$o565nd2q oj6nlr gsLlr-?o. LO,r5qr66o
3tro6s3L t66sq116o go6nbsqndoL 515lt$qgr6rb, 6rq,t6 g.>Ub-olror3oL 16pq3r6o
got6gdjqSdoLr tggrL3doL Lr?jrq,ldndL, r4Xrqy6o qot6S}Xqndoli ?X6.:lrXlotr $r6p615oL
rlgoqndqodst. g.st:tt l3" 62rgV1o godXdTgndoL 1Xg;Lndolt" r60!Ro 816olt'lr, ol,
6s0ooX35ndr t6o6ot4g 3oGuGLl6o ;b63n 16sgo5;5[2r4 oGLgr6lSnSgndorr6 3o016or6]sBo,
t6oLo3otq; Lb3s 6rLt-ob ?10orb363nd?o L.>!o6<'r.: drgrql6o qo6XljqnEoL ?lgrLgds qs
6r53u6$gd6do 6r6R.) alSoSrJqoto ?g3orB3g66doLr. $o6rg;q, tsllrl, 13-olr " 6naq76o
podnd1g'ndol: ?ng,>lqdoU' [.:rtrp6o56]olr 3r.rorto35nBo 5r6oqn]oo 186l'l A6GORo RJ
.)Aoah6r3or, 3oqt46 t6rg Lbgr SoJ0Xpo L$r5qr6g6Boo &ooorboSnds. 3.:6sq'oor.:q,
r4.>oqX5odr4o3o R.) Ur6oUtod6o o $rr6qo56dnlo, t6o0qn6o6 n06v66d.r lr$Usg6t1r6or5
r66rq1r6 qo63dlq3drlr qr Sooobo3Xds Sboqoq Eslul:1 *9o5t61ry6o o5l4670256ndc
$s6q6X56bo", 6sg;r4oro3p$s "jsltlt 13 '6Xrg7t6o 4oinnTg'n&olt ?7g,>b7doof, 6sor.> &'ro63rl-r
g36qs ttLoU sJgo3ndo qr 3sqqXdlq6Endo.
d.>5;o ,>6 8r'r1qot, 6t r3 ,>3 g3qoqldldlr nJSnBso v4Lldooro $15.:3q15.r 3o5s5L2r6
3q6o0sr6lob.rtrn sE U.>JOouSodoL ?XqX6;d$6.
∨
句ι
191
4.
t協 00oL00 3田 r乃 駅 OM)Rs t応
0
̀郷
L。 3000も oo
000oし 、
8ROも 0ヽ 。し X● 0 000obat:
3l
qg68tr6oo
zrll YRol, 3l
Spoltoaolr
SRolrroaoL
2Ol2 fqoL
qn6n0d6oo
p.rUdaR0triRo Rrl.,t6iR0aIRo
gtrqsqo t.>bk6nlolr 6spo66b3s
２
２
μ２
lrsSoSolra'r EgAl'rlr.rgqtfo:
Lb3.:
1,76
b7q lsjra8olrm taA-LoCRAf"
仰仰
L>3o8oLoo Ur6gglo:
6s6n 0n53yn6otr.>or3ot 6sqrtq,nqo LsSoSoLoo
s56st6o?L$ot4Xdolr roJnt6roo6lo
(50o
(182)
5.:qq 3trqorr5 qs3.:3Eor6ndlqo oJXt64oXdo
3sqqnlXqnaoL L.;;oSol.rrmL RnMi61a.t
(37)
c892)
lrnq ls3o&rtoo tst6lqnlo
V
(82の
(1●
11)
ttSJ uxrolaER0do
Lt3r ?63oL.>gq6do 3oo6r3L:
"12
7Rob 31
Raaaa06o,
Rも L̀■ Ra。 ■殴
o7Roも 、
00oЪ
■000b58｀ RO X｀ 6000じ oQさ6
b 。しもo♂ o0060o03ob ooPROoR、 600R3。 つRO am
もも3b
Lb8、 ■00o
、
３現
３
ル観６
■00oし 、
ゎRo O"や が甲 06o60"o6
3"
釈 030
V
24
590
433
1,462
904
192
uJ(r)J0dJo0(I) b56x060
L.:r.rJ6r616oo bsr4ynbo Smo6rgL:
Z)D $qot 31
20ll Sqol-r3l
bXqSslrnto go )rrrXSoXlo
.>5s\sy6n0.>qo ?366Xqnfs R.r doXRA605o
r3r7
LiR or.55!8ts6erAq0}$n 6sg62qo tr656Bo
qs3.:3Ao63l2qo Ls6ppo
qqyolr hu6ando
;o8XSsqy6o b.>6yXlo
Lo6orq76o q.>b3sr6nls
;o0tr5o;s6oot b.><4g3do
JX6lrcSoqoU,6.>qogo3rgooL $rqqSdr
qstq3SAol, br610}o
1663o56o g.: tsg,por66.>
Lrogolrn bst4ao
﹀
8o3qo5Xls R.r O!lro,n6 prds3Bo63ltqo Ls6XJtro
６
︲犯３
９２
２３観
７邸７
︲
ln$3r3olr bot6gndo
Jt6o66o31qo tr$<61533q5rngoL ts61o
L,>t6n3quOo t.:r6yXlo
Jr6ogSLonqo 3t'r0l-r.>ty6nls
10262
郎 初靭膨
psgo6u5l-rnd.>Los6
LutrSgot6Sq;ocr SoBLstXr6$.>
３認３
３８
９畑かか７
９７
︒４
５０
６３８ ６
３
６５
︲︲︲
︲７４ ２卸
２
L:1.sr6o Ls0rr6orqoL o 6oqolqo Jo6nBoL
７
錦５
９
６
９
脚５
Ю
qn4086oo
q6n0}r6oo
RsL6tRoItrRo Rsl,6iqAliRo
SqoLsoSoL $qmltoSolr
bt3,>
lriR lrs06o(, q.> sq0o6ol6r6r6onrp t:r6y3lo
sAv
$a6go$;goob tor6go (?35o?35s lQ
2A59
1294
IriR oaoorr R.> .r3o66o'bsoo!
3Js3
︲
ρ６
g3Jo,oll tr61o (3n5o835.> 15)
1:18
1945
6153oL 0oX6 prgo5.>5UX61qo lrsyo16o l.r;3.>16orqoL oSr4oqolqo JorvrSdoL b.:r6ryXdo 0oo6.s3lr
trjst6o36qot tso5!5Ut6o 3o5o$or4o56ot LrBb.>L26o116 qs;sg?or43d1q brr6ryXdt.
7.
SERO qJ 48([,
v
A&mEJR66ildO
2OD [qoL 3l
mll $q,ot 3l
pstr67q6I,1qo
Rnl'6trRAIXRo
9q'oLsoaoL
Veoltoaolr
q24&6rrr
qX33S6oor
5.>qqo gnqo IOt(')A6 ArRt6.)?o
237,7n
147,9t',1
3o0qo5.:<6n s56s<6oBXdo
149,450
78,930
8spo.>5o qgJotognlo go5.>5Lnr6 oGL6oOt60lBo 90 qeaaq0
arRoo,
wn,92
1,461y'v
tAR BIRo qu gSqot aiJAoArRA66ABo
r,4't4372
r,690301
つι
193
2012 qr
ll $q6doL 3l qX;63lt6oU 3q6o8s66oloo, ?XU.>d.:0oUrq l,l02ptl qr I,190J79 qr6o
6s5o.>glrSdXqo o6t'r U.>nr6or.:?ot4oUo .>qo.>66dtrqo 6o5o3o316o 6;53oor.>66doU.> q.:
orr5.>0?r6o3qolol.r o<66.>SobrgooU (X6oo) gbt4.> (2011: blmo) ;o066go1q q.> 065g6rq7l,
d.:5;?o 3o0qo5;<6n s55sr6o?nlUs q.> roorbSogqrsor qqnSqn qsgs<63o1 3qolr 0;lo5n
q6Jo$ognI$6-
2012 q.> 2011 $qXloL lf q6;n0br6ob 8q6ro8.:t6godoor go5.:511316o o5lr6o$t60dou oortSogpsro
qpXBqS SrqoL 0jro56 q6Jo$ogn6$n $qo2t4o U$6o6X5go ArSrJACo,ol, RoiJr$el6o
€6L;dt0oltq ?gsq635qr 0.16-3 qr 0.0644 Jt6o665gU.
0(r)OtCXEir6O A0556UE6O OGlrtl,Ot}DOAl([r fl,AJ6O)
2012 qr 20ll [qA]oL 31 q663]6ot 3p6o3.:r6neioor OoobogSX]o go5.:5U16o oSLgoSSglEot
0o3sr4o 3oog.>3L:
20D SqoL 31
2011 $qot 3l
qnpSlt6oo
qg;n3}6oo
R.)lr65RAliqo q.:L65qnl5qo
fqoltogol-r
fiqolr.:o6otr
SootogS$o go5s5L76o oSlgoglS$oL 0o0o6o lgtoXr6
AsRZ6oo,:
0oobo353do st6.>r66$oqn56o go5.r5Lnt6o oGL$oOI$AaoL Aotu6o,
RCJ(.'$o6clo
t2t4
tlq acmLq6$o go6r6lrtr6o o5l'$o6i60}ot aoardo,
lot(,i6 AsRn6oo,
v14
SooLogSglo go5s6t74o oSlr$oOI6AaoL 0o3.16o1 6<6e451qo
8!R?600,
0oobo3SXdo riStoqnSgo 3o5.>5Ly6o o5lr6o$t60doL aoar6o,
;oAC6O"XR b5.;Xtr$n 64nlXqo doqa, o6LgrSgooL LnLbo
,ffi
]6/,lto
r663o5s5tot6nloL tStb2lo
lrXq &rof,o35nlo go5s5Ly6o o6lgoglgndot 8otu6o
nr6o651qo SsRi6oo)
39tgt6
l3jo5
2012 ps 20ll Sqndot 3l qg;63dt6oU 3rg6o0.><6nodoor go6.:5L1t6o o6lgoglgnbob oort0<'r6quo
qqXtn 36go 3ogol-r 8jo6n qnlo$ogld$X $'qo1r6o t,$r6r'r635gr.r 6s5.:;3noolr RorJr%r'r5rl
?n.>q535q.> 0 ps 0 Jr4ognSgL.
2012 qr 20ll $q3boL 3l qn;g36r6olr 0p6o8sr6yrdoo, d.>5;L 6r.>65q,> 6ngoSrSUo6gdoU LnLtndo
6.:gn01qo h:0 ,;o36r66o1q 8r53t3 364,4t0 qr6oU oqXSodoo qr or4 ;o3Xr66o2q [s5;$1
13,505 q.>r4ot s,RCS<'ldool, ?3ttd.:8oLrq 5.25-5.3 q.: 6.8-6.85 $qo3r6o LsJr6o6l5go 6r5.>;66mot
q,osJr$o5oor R! Ir.rqr'r o6lr$!5cool, tXtbo 6sgn02qo nr6or t41$oqn6g ;o33<66o1q du5;$6
26,666 sorsbo qsr6oL oqgSodoo, $qo1<6o U.:Jt6og356ro AiSrd31oloor fl%.
つι
194
tattOt t%bξ 讚 Oo3S
"ミ
。
■Ъ 638R8080も 0030で 。」
■0● 00000o■ ROり ｀6■ 500Ru030b 6030b80b
̀■
̀06
ЪR8603δ
も、
600bし 、
も
Ob
8oÒ
ヽ
680R3030t∞
6δ 60し 、
き
り
80も 00R333く 000)860oめ
tabbOも
S̀OooROも
b。 」
̀■ 6s3o■ 8が 3■ R03δ tOb6o JbRδ
80、 86ob、 も、 Roさ δ60ob 8o06
RRo30,り
し
o060洲 060も o3b60ob 6 δ
660o30:D3003600■ RO。 。
630 t6。 5 batt。 し。
」
60oo30も
8oOし 086、 も
、
630も 00606● 6■ R030R00000L3000080030600、
ヽR36δ 8も
■買｀
R6。 6も 、
00000■ R00030も りヽ6■ 600R8o80b R。 も
。
｀
6も 、
も8o6o5oo os6も bЪ R86■ R
3。 8030R Φ
6も 、
630bも 、
3き o■ 8Ro3● 00bOROoり ヽ
638RU030b 6｀ 60■ 0
。も
3■ 0603■ R■ 000も80803■ 0,も ｀
。、し00も
bo岬
3し attabR。
06b6δ 60ooL tabも 0 0b6o6ob o、 6δ b8、 マ も。J。
̀■
̀030ROL
8̀035沢
Ob■
。
RS8δ RoR●
8Roる
ふδ63L。 、、860o
も δJ60oo30t
r4ggo5.>Stor6Xlolr L6lrL6d$X 3oq6E1qo 3$r6153nqgr.rgoU dor4oorrq,o goJgdo.: ds5;olr 3o116
brS(,tAAlTRo lj.>3|qo gsto.>5o jrqsqq3do .>5 tDB3q3$o3o BrborSo drRrRR Ao.
B$,1olr L;dlo 3o5ogor6o56L 1V1SL A$6?560q5r'r3oU L.>d.:$6o qo6161q66rlr, ?nU$$oLo
t3qB33t43qnloL ors5st8.>q oorbo3lr qsSrgXloo, t1,{4?SACRUt'ltJrL qr 6r5okoq,:31_r
1$dr1536qgo6oL lr,>8rtrr6o qor4n61q6irL 116lrbolr 5.>lgrLTdndolr 66$3143oL rR0dArO?6r.llot
brEboq?oL,5L.
9.
sDR-Ol, 56a5cr0t0 lrSado)Jt0ctOUo lrJsSRAOo to6qt0 ("lrlrts)
V
Z)D flqolr 3l
2011,α マ
0し 31
R!Ui6AR0[ERo
RSt6υ ROも りR0
w,us
373ρ 34
948
998
qgnS&rroo
riho805o:
SDR+lr r56.>6oto ts66os?o6oto ts0sq16ro AroSRto
$Rollloaot
、a8o03600
7RO
080L
AsRqalbRalAlc
LsX<6ostsot6oLo t.ra.iR1$o goSpolr 0o3qo6sr63 .r5A.y6o?Clo
ArARo5s60 156.>16o?o N I
3o3qr6st6g r56s6o?o N 2
25
27
93
1,025
br36o,>tot6oUo lrna.)Rtroo gr.r5qot6r6 aoq3dlqn t.:blrr6Xdo:
"lronSp-d.:o" ?Coor6ta0lr (SBA)
420452
759μ 9
toq$olnt RrdRCCn R.) 6;o5o3o3y6o $r6ps (PRGF)
169567
221,089
283,797
285β 73
to6sqo SDR-oL L;tlr6nlolr 6o5.:goq6dr
L)X6osq16o SDR-olr U.:tlrt6ndoL 6r6r$oqXls
マ Ra3o80し‐ 06oto bsa、 R■ 0080い も
よ
1lLl:錮
R03・
陀 796
83402
95,612
1,349,713
957,35
1■ 50,738
OS■
Asd0-t ![rRr6lro 6s?oA]o:
lrsn6ostar6oLer tJ3rRt$r.r goSpoL ;3ogs
Lo36orto6oLo tnAnRto(r BoSRol, JAoOoLD qr
398,944
lrsn6o.>?o6oLo llj3sR1$r'r go5poL6,>5 SoqXd2qo L.>bLr63doL
1tt6153nqlrXo3;p gqoloqo Rnlro,56o dsqoqR3f,o
(1,429,71t)
(1,87756⊃
195
SDR-ob .:56$ofo lrsA6orrEel6oter tr6iRf$o g.rftEo
SDR-oU .:66;r6oto $rr63errq5X5U dr5;ot 8o0qo5.:r6X r56v6o?L ltX6o.:tor4oLo lt3rq1$to
6o6q?o, r6o06qog 6.>Soo6g6Xls Unbbgdor6 qs3r3tor66d1qo oJ6t6rgo66oU.: q.>
t.>6<4or?or4oUo bt3tq3$o goSqorrS r56or6ott$or666oU.:o6oL. SDR-ot .>56sr4o?o do6oorq'>q
?6iq6X5l, lr;gr6orr3<or6obo U.tBrRAO<o go5qotr5rS bnq?6;6Xq$oL ot5rb8.>q Soqnblq SDR
trbLr66dob to5rq qr bJ66orq2r6 6rSsSoq$.>U. SDR-ol.r .>56st6o?tn qsr6ogt2qo
Jr6og66goL 6.>.>55.r6ot6d.> bq6}s b3r6o;?rcr4oLo Uo3rql$o So6qot 0o3dr
g.36q;3nr661q.>( qrq6gSoqo 5s6r;gnooor, r6o36qog Xgld6n8r do6oor.>q 33q.:q dstt6X}$n
iAtXalq 8o;q33rqor6 U$s$6o 6.>5.>,33Xo4Ib. 2012 ql 20ll $q6doU 6r58.:3qolr?o
l.'.!?Arqo !'qo363u LsJr6o666go 6$rj3no3r tgUrdsSoLrq ?3ug6o6s 0.1 q.> 0.4 Jr4ognS$o'
b66orfen6obo t)AsRiOe, EerGRot Ao8\"o6w6g s56s,6o?0do
6.>53U 0<o6orbo3nd.> Ls3t6or.>?o6obo Urgrqtr$o Ser6qolr ro<6o ,r56.><6otolr
Sqols: 0o3qo5ot6-n--
oS6iAnto f*t (i anaqnsoan r56x6o?o N2. bonr6ors?or6oto bo3rql$o SoEqoU .>55-r6oto Nl
.>56.:16o?L$or6Xio-U':o3olr,
6s6oo665ndo Lrn6or':tor6oUo llr3rq1$er goSqoU 0o66 U.>oJgr6q;oo
[.q. 3n8qn5o6n u56.:6o?o N2 6r5;Xotg6oqor Urgr6otsBo6olro LrArq?6rn SerSqoU 3ont6
qrr6Bo $r60o?odoqo LroJ66rgoo bt6l6dob qrL.>6.>r6lq.
lrs66otfe6oto lrra.!R!6r't go6qou6sS AoRaaffio lrJbt 6A10
bsgr6or.:?ex6oto lrr3rqt$re go6qot6.>5 8oq$1qo ltbU660o $st43orq6X6b 05 $qo1t6o
LJr6oG656o 6.>5r;36oroU 3fu5n ro $qor5 PRGF LnUtlr, r6o0Xqog A"ealaq ojSr l.roq'sr6oloL
qoaqnlnt o qs 3r36o3.p5o3o;tr6o U6uloql6odoL bnq?X!'Xodobro3ot. PRGF-ECF C'Ex:tcnded
Credit Facility") gr6slrgo U.>bLr66dL g35$r6rqy4o dr5;66oLr6.:5, U,:3orr3t4o&o qs Ub3s
ogogorqtr6o qs$nbXI1q6A2BoL6rG U6Lbtrq<odlr dor6ooruqrq Usls$6o L.>J<6ogX56o
ltSr6orr?ot6olro lr.r3sqi$o
6r5.>;3noroor pr 611663lr PRGF-$3 13q60ob 3jo5n funX63dU.
2010 $cTot 7
[.6(nt 6oS OnqndXqo lrh3s LrtU<66]oUwSolr .s066rr6o 66!L6o 16 rr6b6d<T dUq1J63ddr3p6
20ll
3l
or6g<4oqi5 J6r.r6g56o PRGF-ECT bntU6I$X q6oSdoo 6.>trj8qs
$qmL
2Ol2 Sqolr 2l p6;n0d3r6lr lsSt4os?o6ollo LrAsR?$el SoEqoL L.>dlo0 2014 $'qoL 31
qn;n0dr6.>0qn 6rqrr3rqr 2010 $qoL 7 o.:53sdrU t60t'rqXdlqo Jr6o665$ob 6rijSXd'> PRGF
t6ti[tX. ZOtn $qoL ]oqolr lt66or?o6ol.x'r tr3rq1$o So6qo 5.:q.>bXq.>31 ltJ6o665$o
6sEr;3XoXdL PRGF-ECF Usbtr6gdolroSolr qr .>3 or.>r4oq'oq.>5 5o36q o16 $Xqo$rq?o
SoLsqerqSlqo $qoy4o
6.>SoboqsgU 0ro. 2014 $qoL ?fq66 PRGF-ECF [SLrbndtn
l-r;J6ogX5go 5.:5.>3g3oo ?pq565U 025 Jt6o6n5$b.
Llor $qos5o qsgst63oL 6sqoL.> qr g3sq6d.:qo ltJt6ognS$o 6s6s;SnoroL 0Jo56 SBA
L;tdlCln brGSa?R ojSs 3r<rorosSo Lslr6or.>?ot6olrcr t61$Xr633dotr q.> o53XL$or6nloU Sqrrbol-r
rqq665nl, bn$6oor.2012 q.> 20ll $q16oL 6s50r3qo}l?o $qo1r4o L.>Jr6o665$o 6.>5u;3norol'r
qosJr$o5o SBA LsbUr66d$n ?6Lrd.>3oltq ?Xrq6o6t l05-l-15 q,> l.ll-1.6 Jr4ogXS$L. SBA
lr6lrbot q.>g;63s qro!'gor 20ll $3qt.
trXr6ouBert6olro
Lrgrqjgo go6qoL6s5 3oq6d1qo Ustbr46do SorqorSrq q35r'r3o5or4Xd1qor
SDR-to. PRGF UXLboL br62qlq q;3rr63.> OoUrqoq6Xqo.> 2017 $XqU, boqo SBA bXUboL 2014 [3q1.
SDR lrrblr6Alol, SsSsEorEAlr
SDR ttbUdgdoU 6.>5o$oqXdl $v63r'rrq65U b.:gdrorr?o6ol-ro l.rr6.>q1flo 3o6qot 0oXt4
3$r61536qXogoL 6.116633, UrJr6o665go 6;5.>.136orot 3jo5n SDR lr.rblrrildolr 6.>5.>$oq$rlr
$o5spo q.> bJngorqy6o ltbk666olr t.>boo. Lrbl.r<66doL $o6.:qo 6s5.>$oqn6.: L.:6t6or?o6oLo
U.rArqAOcr 6o5qot 8oXr6 bnqtX,y6lqndolr or.:5sbO.:q bor6gonqqnd.> SDR 6.>55o3oq3dot
Xgnqr $636oL.>o3ot ;3ogoL Jr6t'rJerr6golq.>q. 2009 SqoU l0 r63olr$r'mo qror.:r6oqndlqo
Lsnr4or,:?ot6olro Ur3sqlgo gtoSqoU b6q?6;61qg6ob 8loobX g3qoqnds, 16o01qo6
5r5b$q36.:3lr SDR lrrbLr6XdoL lrJn6orqy6, nt6or516.:q 5.>5r$oq6Bst, 1;s3?o6qXlr
5qodrq16o qo,;3oqo6ob bXq?1[6t'rbuU- ggqoqXdob orsSsbSsq L,>bl-163]olr lrJlgorqlt6o
6rSuSoqXls tnSbo Lugr6orr?o6oLo b.>3.:q1$o 3o5qoL $X3<4nlL, 3sor ?ot4ob LrJ.>t6or33qrT l-r,
2009 $qolr 9 LXJgSAdn<6U. $'63r6gdo qs 6s5l-r.:$q3r6Xqo
83qodlq3do 13q6d.>3oLroq5o .>r6os5
SDR Lstl-r63do 5;0oo5X6t'r6 bs6r4ortor6olrcr Lr3rq?Or't 3r'rGqor;5 t'rJ6r6s13o3dot
196
:
ArEl.Dbr'l6co0R6aR.!R. bs6iro Lrtlr66doL 6r5.s[oqgdrU 8oo6563lr L.:gr6orr?06oUrn IllA.rRTOto
gtoSqolr fo5sts6 ?Obtot6 Arq?6!Bo r<61r6[1q 3.>qq6]3qn[rq.
Lrj.:r4org6qo, 6o6o169 LrXr6orto6olro tsg.>q1$o gerSqoL $6<6o q.: lr.:bb6ndoU So8q6do
j365.>5r, Srqq6djqo.> lt66orstor6oLo tlCrRA$o go6qolr
So5.>?6 o3 or6boor, 6o06qog
f,$r'lqRCdr 3rU$6 6.:5rgoq6}2q g'3o5qr rJ?8?qo60dAR LubLr6g r R! 50aot8o16 UbAs
o,r5Brlr, r4o8nqo6 XJ3X0qldrr63dr 6;qrtqrL $'n36obolr ?3$'66goU, .:5 Uo6r6or.>Bt'rr4oLt r
lls3,:q1go go6qot SDR 5.r5Xogoq6EoU 6r1J86doL ?60ort3g3,:?o.
SDR UrLbt6ndolr 5.:5.>[oqgdoL LsJr6o6356o 6o6.>,j3Xorol-r qo;JrtoSo 2012 qs 20tl fq3dto
ts61$.:Sotrsq ?X.>q6n6pr gqo3r6 0.03{.15 qr 0.114.59 Jr6r.rg65glr.
It66o.:lex6oLo UJSoR?O. gsrSRol, daer$t
lr.:nt6or?o6oLo Lr3.:q2go goSqoL .13ogs 1503 0oqoo6o SDR-oL r.rq35t'rloo $.>r40osq5n5L
Lr j.:rzro66qol.r lrrVAA6r'r t6SrOrGt Lr2t6ors?or4oto
Lrgrqjgo go6p?o, 6o36qLog sr6
l6o6bnlr LsJt6r'rgnSgo Ar6.5dAAcDo.
ls6t6orrAo6olto lrsatgi6., tse6Rolr dgs,$olrl qs bsgdorrMolro lrua.tga$o gofoolr6$'
&eOlEefo brtlrdolob 1$62566q1ri/dsrB.rR AR()}oRo Alltoi6o iFRoRRo}o
guLosSo jrg.>qgo ?nq56dr t.:nt6or?or6olro lt3.>qlgo goSqolr 4ogolr 1$r61536qlr5ogsq
gqc.rloqo 338,511 q;r6obs q.> b.>nr6oo?or6oLo lro3.>q1$o go6qolr6s6 3og6d1qo LuLU6ndoL
3'b61533qU.>go6rq gqodoqo 1,429,718 qr6oL.>5r5. SstorSo ;lsqsqqo UsJ.>r6or3gqoL
Sorrgt4odot 3o316 6;3o?3nd1q oj5.: 1992 $nqlr ltn6ortor<roLo bsg.:q3ger 3o6qoL
6r.r$.>Lor5 3o3.>16oXd.:Bo. 3t6p53nqgogot Lrboo .>rrrL6dlqo g.>Uor5o jrqrqqo 0r,rog.:31
t;nr6or?odroLo lrr3rRt$el goSqotr5r6 LlJtr6oggqoL 3orr66o6otr.> Rr dtS,lot 31106
3oq6d2qo LutUt6ndot Sorqo16 5o3o5.>qgr6 qor6ndlqgd.:U. B.)Uor5o ;1.>qrqqoL 5ar3o5,rq16o
qor6Xb3q6dr oggq;dr 6er36qSqo76o 6rprg.:lr6doUrlr qs du53ob 0o6rrr trnr6o.>?o6oto
U.>3.:q1$o goSqoL L.:nr6om r6Xb2r4lrXilob rti6.rr6otoq.>6 L.>bLr66itolr Soqnitolstr. g.>bo.>6
$prqqL ds53o gqodlr ?g6sb3ot 0o$5oo, t3q66rq 0ol-ro .>qr6o6b3r tqnds 6u66-lr.>drqsSto
r56.:t6o?$X qs $rt63oq665oqo.: 5o3o5sq216o qo63d1p$oor.
29
197
10 7b680030R306S6bυ
̀
06L● 6388600も 0も 6R昴 根資Ю60bU買 O bd0080も 0
3l p6;x0l6t?ro
コ Raaaab06。
η 12
2011
,1
tso?Ba6LoL 3.r6i5
lsEsq$ln
q.6OafRAd"
J6ergnS6cr 6.>5s6nomL gognt6lro:
,Jr4o6X5go A.)5!33Jo,$A go$3t6Lo.:5
q,>;s3?or66d1qo ADRqJDXqAdT
lo6Rs Jo$oGos goXBX,t6b$X
(,
(t
R。 。 6b静
o6bÒ」 a6003● 56Rも dS8006aむ bRO
Jd4(9aoox)
q.'6AAAe06r
L!.)a5R!EL(,
Jo6Fldooo
eo60alq0dr Ro6CafR0d.r
73炒
73,889
,6amaら っ
700
73理
S SJ00oo30
tS85360 8SbOb60 JSRttR030
tδ 8も
V
る03も bO。 60」 o史 oRR330 0000o3b:
き
31R330お a60
31R38003a60
Irbnqa$ryo lrr6rqr'l Brlro!5o JrRlRpd",
LJS Treasury
Noies
125,651
125,651
108μ 6
108 6
3446
8,58
3
8358
LXJ6r6sgoo6sq2rlo lo3sqo A!lx,t5o ;}!qlqR6lo:
Aftican De\r€lopment Bank
lru8aSool, tspqo grtorSo d.)RlRRol{I
KEditanshlt fuer Wederaubau, Frankfu rt
Kommunalbanken AS, Osb
16,78
Fodelal Horne Loan
6,645
5oい 6
Federal Horne Loan Mortgage
Prcvince of Ontario, Canada, Toronto
Norway Sovereign Agency
KFW lntematbnal Finance
4,970
1̀k'
7,461
1,749
7139
16,03
Canadian Regional Authority
37,403
Llq ls6slr6o AsLo!5o lR.lRRAlo
166抑
30
3y8
34265
151269
198
」800T:]島
:' 0°
° 00・ RO。
も、3■ 60
8SbO。 6o J択 。RR3boL L翁
603860●
6、 6も 測 pabO R。
31 Raaaa3o60 2011
飾 00066。
▼
Ro■ 6o
贖96o006oo
3ヽ RЬ
os6sa3000
健も
0、 600も
3SRb
oo6saa000
Lsb3q0$ogo lr.:3.>qo g.>trosSo
jsqrqq3lo
0125・/.33750/.
20,2014
3000/.
2014
03750/.‑13750/.
201220B
LtrJt6r5.>6oofu q76o Ls3rqr.r gslmo6o
l.:qrqpxlo
t.>s6n56orL l.rs3.>qo gstro.>5o Jsq,>qqnlo
0379/。
̀1%
OyO/●
038°/.l1660/.
2032014
21112
20122014
D. aNrSUoqJR Jdtl,odARo O5Bitut}OGo0LO
8slrr8oRsR sr6lrnltrqo o56Ugo6o2do i0b(',!6o Asqi6os,:
LstXqS$'ogo Lo3uqo 3sl.ro.:5o J.>qsqq;Bo
31 Raa003o6o
31 ROaaa3o6o
"12
"11
US Treasury Notes
French Treasury Notes
Australian TEasury Bitb
French Treasury Bilb
Govemment of Austria Bords
Govemment of Germany Bonds
Govemment of Australia Bonds
961p22
380256
1293● 68
117235
10Q183
99293
71,167
2118,S
32494
70,66
105,じ 4
64210
110Ю り
Govemment of Luxembourg Bonds
Govemment of Finland Bonds
311"8
2,34
∞
Gowmmnent of Netherlands Bonds
191メ
2
,140
"431
68586
24,111
Outch Treasury Bills
8
LtrJt6s5s6oo6.>qnr6o U,>pqo g.>lms5o j.:qsqqSdo
European lnvEsfnent Bank
Bank for lntemational Setoements
lnter-America n Development Bank
χ8
45
L850β 98
2,1502Ю
394即
240496
54
90473
5
53"9
IBRD World Bank
41,179
Nordic lnvestment Bank,
Asian Development Bank
11,8
7μ 9
563,970
lr;s6n56oL lr.>3rqo gotosSo J.>qsqpSdo
Federal Home Loan Mortgage Corporation
330,969
90,169
Kreditanstalt fu er t/Viederaubau
Federal National MorEage Association
Federal Home Loan
67,18
41,763
33252
Queensland Treasury Corporation,
Bank Nederlandse Gemeenten
Province of Ontario
New South Wales Treasury Corporation
Oestereachische KontIoltbank AG
31,59
25,719
B,81
12,156
9,86
Llq 6slsSoqsq !6kalaqo o56lgo6o6Eo ngtton6o Abqi6os,
326即 3
̲
274Q671
Lsij219
bllrrfloRt{g s6lr0Anqo oSgntSooo$o xr4og6lqo grqS6nor
Lrbnq'0$qer Ls3.>qo gslruEo dre"qeaA.
Go\remment of Georgia Bonds
lrTq 6slr6oqrq s6lr3l7qo oGAJt 601;tl110 A6oAEARo
124ρ,7
Au{r6oo)
8,159
124997
199
oS6glrgo6o6&rt lsJt6o665go 6$r6gor6do qr qrgs6golr 3sqlbo
6!lr.!AoR!R
"6lrOltq"
otoq6or j6g&rd,
6bt6oqEo:
3l paJl0lat6o 7)ll
R,5?lt6aol,
▼R01■ 0
3l paaaS}a6o a)D
ERo.Ario RoAb6SoU
IrrJ6oGA56., gdqs
ヽ あ o0060o
000/● ‐
4P/0
211B21114
0375●/.3625%
20122014
Frenci Treasury Nob
4銘
50/.
20B21114
0'9/0450/0
2012‐ 2013
Australian Treasury Bills
French Treasury Bills
29180/.3解 50/.
20B
20B
385・/4340/●
0835・/● 148・/●
2012
2012
US Treasury Notes
/009/.
02● ‐4250/.
003●
Govemment of Germany Bonds
Govemment of Aust-alia Bonds
Govemment of Netherlands Bonds
Other foreign govemmenl bonds/bills
European lnvesbnent Bank
Bank for lntemational Setuements
lnter-American Development Bank
"B2014
20■3‑2014
07タツト45/●
10/●
4P/●
20■
201220B
4夕 える5%
21112卯 14
20122013
53750/0
201220B
5375%
201221114
12150/●
14/●
20[■2014
加 【嘔Ю14
2tlB
1250/.‐
60/●
‐
30/● 3 7・/●
03750/̲55・/●
09/0350/●
21113
2013‐ 2014
Kreditanstalt fu er Ufiederaubau
Federal Home Loan Corporation
Queensland Treasury CorpoEtion
Bank Nederlandse Gemeenten
13750/̲550/.
20r■ 2014
03750/● ‑1%
20E2014
6●/.
2tlB
3750/.イ 37504
20吻 14
03750/4● /O
21yB 2Cl14
P/.
20B
Govemment of Geoeia Bonds
5m%
1750/●
"O14
211■■21114
03750/● ‐
550/●
OtherAgency
0750/● 4P/●
3,125・/● 53750/.
Other foreign supranational bonds
IBRD World Bank
13.
Ob● s
os6sdaa00
6r5r3a1oo
3 tX10/0 4Ю κ
聘る
12%‑1%
20122014
2012‑2016
RS獅 803 3SRゝ 8R00RObぽ 0 001Lo00o080
31R卸 お 0"12
LO b00‑O bSあ
31嘲
お 0̀0"H
R06● ■史゛。 Ⅲ 敵
…
い。
●0603■ R3｀
Rbn。
6oOo Rび う0
R06♪ りRaあ
11,443
10913
11493
10,807
11"443
l09B
11493
10,807
5D.321
52O,U6
562β 61
5α ),846
5"メ Mに
562,61
5al,846
qsgs66ot pqs3p6 ARc,lnRo
o56nl6ogo$o i0tr%6 SsRIorto:
L1Jt6.:5.13om5,>qXt4o
ts3sqo SsLosSo
dreoqeas"
lrrA6o.53('x6ot (, iSar6oElrSc,60aou
ds5;o
l,trR Rl3ui6ol, gsqs8qg gqoloqo
o580l,0oco0lo !OL(,I6 8sRn6$o
V
qrgr66ot pqs0qX tsRcnoqo
o53nlgo6o$o a6(,AGE< Asqn6r?o:
Lrjn6o,UqclU 0ouSt6olot
olqo6s6onlo
btlR ヽもBδ
Rも 0ヽ 0
0RO。 OR0
̀00b 8｀
o580じ 60oOo30
3̀086tlR aoRb6。 ■0
522″ 1
つ４
200
$qo2t6o
lr$6(',Gfl66(,
31
$qo16o
trJ6o6n56o
RsB!6aoLr
arRs
6s5r4noo
AlSldAAo,o
gsLosSo
Jsq.:qqXdo
o\o6s6o6do
,.EV/o
2Ol4
l-gf/.
6w"
20O
6-W"
２
¨
Usj.>6o3XqoL Sorsgr6olot
４
︲
LlJ6stu6ooEsq16o Lu3rqar
¨Ｎ
︲
加 中
2012
31
lrsjsr6or36qroL 3or.>36odoU eBqo6rgo6do C6o05tR ITRAOJ?o $v63osq566L lr.:j.rr6o3nqoL
8o.>36ob.>Lr qs ds5;U ?or6ot 2006 $qoL 0o166?o A!Rt'l6AC6?qo tnq?33r*r3q6dob o,.r5.!1,3rq
Lr$os3r4olo UgLtoL bsg.:qo tsrtoi5 drRrRRCd.)R 6!6qrdA5ot ?6q65;q ltj,rr6o36qot
goSs5lrorr L>0o5o'lrgr6oL 0o616 6.>8o?3681q gojtor6n}lqo UsJr6o6656rn 6s6s;36oroL Sjo6g
BrtorS dlRnRR06L. LoJ6o6n66o 6.>5.>;33oro nfu13q3do63d.> Xog6q!'qotr6 A.)qrt6R3rt
16UCa?Ro U$r$6o 6s6r63on6oL 6.>o3oqoU$oSXboo-
14. AN,SAORJR AR0TLORO d060OSR0 lrJBaJRAlaUO
3l q63X0l66o
2012
2011
3,160
426
?3U5oqgr
do6oo,sqo LrB1.>qSdXloqsE 6sq3o6,:5oqo
2220
Eu8og316.:
(2,831)
?69.:L3doU q.s5s;s66nlo
(15D
lrsIoqoo SsBoo
η818
33
９８圏
２
３
Lr$6oLo tu?oro
3l q6363d6t6o
3,1611
V
201
15
00600bぺ Obも ■05R00060
゛
007●
ハ
90餞
Ⅲ
…
R
ゃ もЪOo
︲０
靭２
ｍ
個卿
?nL6op3s
Lυ
■ぃR♪ o
0
゛ ba曰 口ζ
郷 鰤０
I os53s6o 20ll
aD7…
３ 鋼の
８
７
︐
０
o.58qslo680Ro Ro60}trq0}oo,:
｀ 6る も
6b‐
う
0660
メ詢
oLa
噛
45,32
11285
Arl,3RJ
(7,91)
a.tR!6r5r ArLsUoRr{.o
0269o
3l q6n&nr6o 2011
17′ 45
?6tXoq3.>
畑ド12
7即
―
c,171)
(D
6stnqs
AD(,'6D5.) arlr6uoR.iR
dRrLoBoGo'61laR sjgosndtso
(?X5o?35s 14)
▼
O
3l qpn0Bn6o 2Ol2
71ρ 58
14339
45oЮ
l,45
'V'1
D
(■ 6り
13"め
(2β 61)
︒
２
ｍｍ
３
gS6orot prr6ogt6r
6013q.:
(3,36)
14
6,554
qs66o6oqo g3nou
I o.t68r6o mll
(533)
1)
7,171
A.iRrOrGr
―
(Bつ
郭卿側
JRltotsoOo6CdAR .>j$o6d?o
(865o?35s 14)
o,804)
010
2
B,71
91597
(10,03つ
(172釣
(150,
(2429D
217
539
6stsgoqrq 16 qsLo6o0o6nlol.,
g3Xoml-r q.>6o613.>
6rtgqs
6,>tsXoqsq 6X;qrLrr3ryo6nloL
6s0o nqo0o5ot6l}2qo (?CEoBA6s
14)
3l pn2XiBn6o 2012
別 鋤４ Ｈ
501
31 qpnilln6o 2lll
V
翔０卿
14)
辮
岬の
6.>0o 3qo0o5o63}1qo (?25o?35s
LlB
(10,822)
(1,488)
2,556
(3,2o
(3,И 5)
Z)12 YRol, 3l q&0Al16o
67,32
34"
20ll $qot 3l qgX8ln6o
14■ め
Lη 9
,825)
(9,754)
(
14
4217
74,772
7脚 8
4p17
27p19
5u46n5o lrslsqs6Lo Ro6Aliq0}s:
3o$r q.> t65o6.: - 5r6glolX3?o tgtSoq3oU U.rboor 2012 $qoU 3l qX;g8d6ob 8q6otu<66odoor
rl.,rb1qor Ofl566nq36o ogobo q; .rbrqo b.:,;.rUer &o0L>U1r46dot OC566o 27,024 qo 16,82
qrt6o, t6b.>du3oLrq.
i4
202
JolJ8J60it05REdtO Jdo030u)
.)6!Ar606onqt6o sJgogXbo 0oog.>31:
osgqsJot6Snqo qor4S}2qnloo
I or58s6o 201I
3,51Xl
?ntXoq3s
6p35
6.>Lnqr
(2,759)
3l qX;n3i6t6o 20ll
6,776
tnLgoq3.>
aJLJRD
3l qn63lnt4o 2012
218
2)
6s52
q.r66o6ogo $ex6go\os
I os53.rt6o 20ll
0,l1911)
$qoL qsr6ogL3.>
(6ゅ
6ul-rnqot tsnp36.:p 1RoAoSo6AdtRo
■6鯰
3l qn,60d36o 201I
(1,074)
$qot qsr6ogt3.:
AsLARot BCRAaDR Xqo3o5o6n}lqo
(1294)
41
3l q3,p3dnt6o 2012
o″ 71
5s6B05o lrr}lR!5t<o (o6AliRa}b
3l qnSnSdnt6o Dr2
31 R0d03a06o 20rr
ut6u0,>g3r6orq2r4o rJ$1130611 3oo6,:3t J6o66rO?R ?$6I5ACqAr,trb qr RoGCS$o;bU.
V
203
bb85 bd008030 R5 8bgミ R001ロマ0も a30
bЪ 3b
も
J00oo00 0ooOo3b:
31 Ra80泌 a6o
3l q660[36o
2ttl
2012
∞
５
７
lrUA! sdoo8aoo iOL(9I6 SsRiOoo:
２
︲
４
$o6st$s6o 6sqsbqSlo
lrtg,: 0oorLo353do
Lnq lrtgr rJfo63lo 56toy6 A!Ri6oo,
23●2
L$Alhtr'li6r'r oJr6oL 0o53gnlo
or5,>0t6o3q3dtX 6sg301qo LnlrtSdo
LrL.:Jo5qo-Asg5<6a:q;fn a.v6o6Xlo
$o5.>b[.>6o ADq.rtq3&"
２郎７
６Ю３
９
３
６
︐７ ９
LrB3s sJgo8nlo 36og51q nrq56oo,
39p73
8,70
44337
(1,1481
(1492)
7422
43μ 5
1,421
2670
516
l-rb3.> 0oorto353do
l-rLg.> .:;lgr6Xlolr
▼
1,157
6slArty6glolr t66$663o
Llq tt6s sJ$oAAAo Ar6crSGiR ADRi6!?o
2012 qr 20Il $q6AoL 3l R0d08a6ol., 0q6o8rr46odoor Ubgr go6rSbyrro ,>Jgo36do ?6U;8.:3oLrq
?nrq6n6L 2,633 qr 2,4D q,>r6lr.
Ub3r 3.>qqSdtrqXdXdo SoogrgL:
31、 a000。 o60
31、 Oaaaふ o60
2tl12
2011
LUar argealfgalalo mtsrJ6 8rRi6$o:
3.>qqS}Xq6lXlo &o3$r'rqnlqs}ob 3o0.>6o
1,499
t5q lrtp 6sqqn6lqn}$o 26Lo2t6 grqSSs?o
1499
鮨
V
l.rb3.> pqqS$XqXlXlo
lrXq tt6s SsqpgSiRAI1}o Adt,r6Srq arqi$s?o
12
7
2012 q.> 20ll $qXdoL 3l qn,j33dr6oL 3p6o0.:<6no6oor l-rb3.> go5r6t16o 3sqq162q63glo
?XU$$oL:q tpq6X6t 9,191 qs 5,115 qrt6L
８鬱
３
卵製 卿６
炒
I'tar arRR0liR0a0." a,6.A6Aq A5etor?o:
3.>qq3d2q3d3do 0r'r3$op6dqXloL 0o3sr6o
6sqsSsqndlqo tsX3trlo3q3do
3sqqnd2q6d.> 6nsqotndTq d.s6;Sorgnlls qs
0o56gXdtn
L.>JXSlmt'r Lfu&l-r pqp$Xqndndo
8,618
´
０
204
tbgo rJgog6doL 6rTjrLXt4glolr qr5r3or466dotr 6g$A6gol, 3od<6.>od.> 8oo613lr:
l.rbg.r .sj6o6nlolr
6!At.511368bol,
6a$ar6ao
的
1 (155A56() 2011
０
２
３
４
5o1gsL16nloL ,rqq65s
②聾
ff$o$X6.>
3l qgXen6o 2011
6r2jrU16XdoL ,>qq6n5r
3l q6n&3r6o 2012
(1,14D
δ
も、b6o」 δ
0も
J0080あ t6● ■8bb]6oも 。
00,も
でo35も oo6bO■ 6oORab｀ o
̀60。
̀00。
。
̀0ヽ
も
6o」
o6603ob●
。OatRo tab■ oふ
6s03bLり
0｀ 0̀3b
̀,OL Rヽ
tも 8。
6。
18. 85ミ Rお びR3出 0̀OЪ Oい
00066L● 600
00● じ●88お 003ゝ晰
"
3も RRObDRO。 03060｀ OR0600 006δ 6bυ 60 06も 000■ 6o60も 8oOòo8o00b3じ
:
ジ
31即 がヽa布
31 Paaaaà0
2012
2011
pqpntrXqnlglo 60$oRA56o goSs6tTr6o o5l,6oOZ6AloL
3o3*6o X6toXr6 8lRXOsto:
U,>,.1r'rr6ntlrrft.oX56o 165.:r,roflnio
70,788
9訓
3o5otuqlt6o tsr6n$3trr3o 3oorto353}o
874β 58
752,32
945J46
76L636
Ltt aSRR♪ コミ゛♂n601呵マ
a66080
OoM● tЮ しり
t
♪R■ い■0
い R尽 滲 訳 ♪ oあ
RメoO‐
̀aヽ
おMo a6oa6tlRぃ
Rつ い ■0:
6し
■6o o6b606υ 6o30■
6t5o o6LOo00030L
もoOo60も 3o6Ra6oo、 6656o■ 03o
207,108
155β 69
Ò0ヽ RO。 6o,03oヽ ooOも 0
185仰
230,483
も■R
aSR、 o3■ R゛ 0ふ 06o%Ro600 80
b86■
R■ いコ0
おい由
'♂
6L■ 6006b600oい
OL
Rか
郷 炒
2012 pr 2011 $qXdot 3l q6363dr6oL 3q6o3sr66r,rdoo r43$op356o go6r6tr16o o6l,6o010Clot
0o0rr4or g.>qqXd2q6dnbto ?nqoU 925,451 q.:r6oL q,> 817,024 q.:r4oL t'rRASt.rAoL LrSo
lStt3oqglro 166$oq65go JoAC6GotRo 6.:5;ol-r 5.>?oXdo, droSq6log rRAArOCbb go515l-126o
oELgoglgglob 3o3ur6o 0oqosSo 3DqRAdTq1doL 15 )t6o065gb.
r4n$oqn6$ Joa06OoAR d.>5,jXbL SoXobo3Xlro LrJ.>6or31qoL 16r'rg51q dr5;?o 6o6rors3LoS
Oo6o8uqtrt4o br66$6t63o 5s?or6&o.2012 $qolr 3l q63n3ddrol.r 3q6o0rr4Xo6oo t.>3sqqX61qtr
6n$Xt633Bo Sr63orq565lr 66$oq65go go5;5ty6o o6tgoglg6}olr 0on6 16r.r351q gsqpgr?o
qn6crSoSodn}lqo Oo$oq1qo LrtLr6S6ot l0 Jr6ogSSglr g; 16bo3r4 XtqXgrto
q65o0o5o6662qo 0r.r$oqlqo tubb66doL 15 J6o665gl.r.
tr3,>qp6d3qo r4n$3r13XE$g 2012 q.:2011 $qn6oL 3l q33n0br4oL 0q6o0rr4noloor g'qo3r6o
lr$16og15go 5s6r.136oo Rr6Bo Rr 136o?o q65r'r3o5o163d1q So6o8uqpr6 Lrr66t3r63o
Soorbon5nd$6 B6UrlrSoLrq ?3sq665t 525 q;6J5, toqo rt? qoqsr6?o q.: X3r6o?o
q15o3o5ot6$pq 3o5o3,>q3r6 lrs6n$1r63t'r Or'rorbo3SXltX 0 pr 0.25 Jr6tngg5gL.
205
19. 3bRR03URabOoo oo5ふ 6bOb lハ Ⅸ ObÒ劇 L000b60
31、 aaメ ■60
3l qgnS}n6o
m12
6Losヽ お 6ob伊 柿 L&鍬
やR嘲 。lR゛ Ⅲ
aSRり 0ヽ ■α
80
a00、 o6
o00る o
O o66
̀0■
0も o■
2011
6
∞
202
6,8
■0｀ Rυ Rttq口 ヽ0お %Oo30。 メ oR000諌 し ヽも｀ 8δ 6。 マ
Il?R ArqRAblqAI1Eo go6rSLor t$3o5olr66oL 3otu6or tr6Lo2t6
aSR■ 0ヽ ■0
ぃ RRabbR♪ Ⅲ
QOS■ 0:
80
n畑 ふ
ぁ 6ぃ
し a融 蒟 O
o6o06訳
OoO、 o6o60o5。 、6o■ 0あ
00｀ R■ Rυ ROヽ 030｀ Oo00o oメ oR000oo30じ Rδ
8、 6、
744コ 8
８
２ ︲
aヽ
184,33
21192
744,628
573,818
R
lrXq 3sqq6}7q6Dn6o go5r5Lo.r L:3o5otgr6oL 3o3s6or n6o652q
aヽ
V
Rつ 6S'0
00帥 d033ゝ800S田 旧8も沢 0¶用R0
0も
0000」 oooヽ ■06。 ■30。 ■賀 08■ RO▼ ヽ
6bも 、630も 8oÒ6o3o■ 3030駅 bδ J｀
̀038駅
̀8ooR初
2012
Ro
20H▼
31で
030b
し
0'ROtδ
0̀035■ R3。 R■ 0。
R000も
030お
̀00
RSt60R330買
8000」 388δ ■
06。 ■8'■ R00■ ROb b66、 6o8ヽ 00oあ ooも
o o6ol■
00R360:
Sltoo I o$66ot Sq6o0sdtnoloor
8o3rojgg,:?o 6$3Xd7qo b5;6<rgX&t
31、 aaa83ò0
3l q636016r6o
21112
2011
1′
lf18,180
"584
L531卿
125262
18,91
B,053
AoBcd31S;to 6.:funlpo &'r53g1Ao
6s3o;q3}2qo: Srqqn g2qo lsq.>6r'r3o X<6r'r353q 3.>q19.:?o
V
(6,
3o&r1fu6oqs6 sSt,tqAlXqo d.>5;5ofuAo
(13η 鉤
AoAofugoqrS sOoq$1qo &r56gnlo
(12
5,:?oro 3l q6nS}t6olr 0g6o3s6no}oor
り 18ρ
(12,1931
(111lβ 191
(6β 19
つ
1′
"
53脚
2r. EJqqClHalCdO dRffEt50}q' 00A560,
JRoCS00doU 0o0ur4o 3;qq6dlq0dado a(roGrAlr:
31 Raa003oる 。
3l qn3n3d66o
24112
2nIl
２
Lsnr6orsBo6olx.r gotu5L1t6o o5t6o$I60do
LB3s
trnq grqggllqga$o 3qon566trolr 0o0.:6o
1,168
206
22. 6樋 CttBOら DROヽ お Ro 85mゝ òゝRttRo
9q" 6o
R$trd3ol,
LsJ.6o0a56re AsRD
●δ6brlaa00
ErraoSrRi6o LrLrRsSto
Ro605iR }s
Ro60dZR0ls
57Klβ Ю
562,844
4mpЮ
442,128
UsqX]o$ogo
rn6oro3o3.:gnao m2 $qoL
3l q33X3MoL
/0
5820/● 634●
3 o、 60、 6o ‑23
086obo 20B
3q6o0s6nr.ioor
5 ob6ぃ る。 ‐
LSRCJ(')$oOs)
LX6orogo3sgnBo 201r $RoL
3l q3(605r6ob
6950/.‐
885%
28 o860
2012
0q6o0.>163oLoor
23. ilJloosfqo
;r5o5oL tsnUsloSobrq, dr5;ot JlJoOrRo ?pgr3L d;5;oL lrs$nlrqndo .lrJo6!Rb5 Rr
t>t63$gt66t r gro6qb.
t sYOt eOD- d$o65qo
2012 q.> 2011 $ql}oL 3l q6n3B<4ot 0q6otur46odoo, d.>5;olr brg6tqndo ;sJogrqo Ur4Xqsq
.)6111l ?e$r5oRo
?asq005L 15,000 qu6
qr
tv6ntgdEs, BelSRo
,,ltjsr6org6qarb X6og5trqo dr5;oU ?Xlrrb3l" lr.: j;r6or36qolr er6arSIR ;s5o5to 2009 $qob I
q6;6389<6t ?ngrSoqo 6gqoq6doL o.)6.)bArR (N2l8Q 6r6q51qo 615;olr Ls6r6oro Ls6n'b6r63o
gto6qS.> 15p,> ?pq5o6olr Lrt63t3t63o 6lqoL (ds5;oL 3on6 3o3oJ66rBo ATBAAdIRo SrqRo
glqo n6og51q 3sq1g.s?o qu ;o06<66o1qo E.>5.;gloL U.>;or4XLJo6ql5go .:55#roBXdo
y6og51q 3rq1gs?o) 15 JdrognSgo. n6o351qo ds6;oL Lr66oro Lrr63t6t43o go6qo oj05Xb.:
fqolr t6n.>qotXdlqo 3r'r6n]oqs5, r6o36qog gs63orq665U gqob g0o5q.: So6ndrt
5;q.:guLn6oo OiSroVAC?Ro v6st63.:qotnElqo $3o5qs Sro6ndoL 6r0o;qndoor. l.r.>Elr.r
ooも o3● 00
03R3も ｀8oboRoo OooROt 6oRb▼ J0000Raふ 。 ▼806Ro 8o603otで ｀
̀606oRo
bb60｀ 3̀80 006Roも OoO■ 賃 030b00も も
6L■ 6o▼ ROtも
。ROし oo6も
｀
R0
bδ 60ヽ
L。 3る
̀b8010806δ
̀bab■
tOふ
06308■ ROt OR86oあ t1536o0066ヽ
8658R3300R06oboo■ 00b03011■
8し δ
RoLも o300386し δOooR
00 bδ 60ヽ 8̀80306ミ o6幻 oO卸 60も 。 8Ъ oRoRも ｀60oし ヽ、
J8086ob 806o6も っ6o bOb0000b L6S30R■ 6030b■ 86o63■ 60も oLδ ̀、
Rも aq。 6sR。 0306oOo3■
Ъ6Roも Ъagマ ■o▼ 80も Ob 8oヽ 6oo,も 、もきo",マ obb80bORoo 3oORoも 6δ Rs▼ 8oo00Sto3。 も、 ̀03る 30
°
鰊 驚
か 蠍 ∬ 鵬 躍漱般
鰤 謝 蹴 吼10:Ⅷ ∫
̀a｀
■0も Ч
R■ oOt 6沢 S3St●Ot 6ル 8680
"oO、
010、 6。 し3、 R,。 δRS3。 も03000。 3o▼ 80■ R0
tR■ o■ 00● 60Ro 00RORaboさ
0b6o60b b03■
bR｀ 8bも 0も Ob■ Obδ 30b bさ 000bR■ 6
｀
RO｀ 3ふ URO▼ 005R。 8o。 Obo 8000。
。
̀b̀0。
̀。
60｀
OR 3oOo3● St0 6δ R。3。 し030も
,Oo6で 、 ヽ 、 「 マob
3̀8■ 0,6000,マ o06。 師 03060じ δ abO"マ̀00お
̀、
ももJo8386眺 1300R
2012,興 Ot 31、 8800360t8RooOò0030o O● 538o6oで 、00。 Ъ 4βD Rsる oし oR36o3ob▼ 8o6Rδ
8o60も 、■ObO■ 6o3。 R■ 00t oヽ Rヽ8、 tabO、 b6oOも o■
R■ 60Lら ヽ
R｀ 8｀ し
330b̀OЪ 3る 3■ 0
̀oO｀
0｀ もり 駅 燿
tO碕 甲
。覧 8t60oOFOt
oSい 9St30t̀♪
咽。
bR60■ 6■ 興 o60｀ 8680'。 60ooR606b 6δ tspRoゃ òb゛ DR0 0600し 00oO● Ob 6ooR■ ●0
R。
̀♪
uRa301 o3買 OR3bbじ
―
24. AJ65600|DO q5 JO6gllOOrO E5qq06!R08060
d.>53o o.:3oUo ff3n1qo UrjSor6odob Jr4o6gt3o o6656dlr go6r6Ll6 oGLgr4lSnSgXlL
6.>r6nLr>drqr5to 6.>qqgd2q3dX oo. dr5.p 6,:6nlr$rquStro g.rqql}1q68ndorr5 0o8v4o6d.>?o
b3q0dq3$6qodU 6oU3gdoU 0r6or6oU o0o3n Joqogo,;oo, 6o0XqL.13 o6nSnlt U.:ts.>q',:5lro
oJ6t6.4o63?o.
SsRRAhRdA& dLJoOlqAd q$SrhvtrAltg
2012 qr 20ll $qX6oU 3I q&rAAa6oU 3q6otu66oloo 6$;lr u6 6u65or grqq6}2qXbgdo
&JoOrR?6 Rn5rb.;610al'A.
llsetJ66s6oo 6J<6gAs,
<6o6o169 6.>53oort636.:q d.>$ot6b, UsJsr6or3nqotr sr6 5u:65or 3rqrq6s53oors<6g82qo
o6gr6.>tg61jg1r6r, t4o0Xqo6, 6o6o166 S6Uo, rbrUowrgilr 1916<'1 8er8!'ogndtrq lr.:8s$r4o
63o5o0o3ulr. b;Jur6o3nqoBo L.:J3o.r5r'rd.r pr3u3?ot6nETqor oU6o t6olr,jndo;5, r6o0qgdo6,
t6r'r6or46 $XLo, 16 r6lrnlolL 6s53oo,s63d3q Drto6$6 doqo r4r0q35o0X Sqot
6s6fugqodr?o, lsJo6oggqoL 0orr36ob$ 05o?35nqogr5o 5.>dolgdo 6rqrq6r, t6$.>g
qsqndooro 6s3qn6r ofu5os fury5oL LloS6bgo6oo 6,>r660o$n. 6r5t.>;2or6ndoor rqU.:5o?5s3os
-
66gor406do LsdrS;o, olt6oqo1q, lrs6.>qoU.:bsqro qr 0rt4g6lqor6gb0Ro Lolr$6aoL
ggSJgo.>5olot 6.>$6qolr 8ofu<6o1q6door. Ur'l66qo3it .>0,>5 bgqo ?g3$'Xro 3r.y6o3,yr5o3o.13r6
lrg.>doqy6o8.>b, 6.1o5o0o;1<6o $r6qoL Osqrq g6AJnlL qu lgbolt6o oS3nUgogonloL
t$oqo6Xd.>U. UgqSdq3.>56qodoU u$6oor, rqSo?52qo Ssdoyldo r8go<66dlr lo$5nLol.r
$'1160o$olr r6oU;XdU lr;;l;t6og6q<'r?o. &oltqoq6Xqo 16o3 do$53L 6s6n3ot AoAAXt'rlCUCdol,
.>q5ots51qo g65qn5go.r gqr3sg 5.r6<4d6qqn6; ls$6orgnqoU 6,.;o5o3o;oL L,:8ofu3qo
6r53oou4Xlr 35o?g6Xqo6Srq ;r6oL q.>8o;oq6d1qo $X8oohUX53djq 6Xgot68Xd$X qr
U.>j.>r6or36qoU 3or3r6er6ob.> qr lr.>J.>t6o3gqob ntrrro36trqo drS,yoL 3on<6 3oq6d1qo go5.>5L16o
orl 6;o5o3o;y4o $o36SoL lgn;lg3t6odr$X.
StRRAI6qafra" barJa.fuOoc, RotoSAt1
2012 q.: 20lt $qX6ob 3l q6.1n0l6oll ARAc€r60{'}aoo, dr5;lr st6 6.s.s65qo .:r6L$ooo Urqo'bo56o
ArRRa}1RAlAdo.
Urb8v6oqo qs66io
dr5;oU 3o0qo5.r<61 ltlrs8rr6orqo Jr6ogSLldors6 Rr LiBo060Ao,.r5 3o3.:<4orndrto
tSq0dq3r5nqolrU 8ou65or, 6oB s363.>6o UrU.:8sr4orqo Jt6og6tnloq.:5 [,sr68o?odoqo
3.>qqndlqXds, orn rlrnorLr up6oqo nj6n}.>, 16 oJoSoSdt rt<rbgdoor 6r3qn5.>tr dr5;ot
iyo5.:5Ltrt6 3q6o3.:6Xo6.>t1 rE SoUo LsjSosSodotr ?nqn66d$n- t3q8dq3s5lqoloL .>$16oor, .:16
rr6UnlodL r6so03 u<6lrglooro Rr?6oOb5Ao $s<4rqo, <4o36qog ?6ttdqo.: 3o3r3.:q3o 0otq6lr
qs ?nt$sSoUrq go5.:5Ly4 r55sr6o?5nlr?o .:16 u6olr 6ror3sqob$'o51b1qo Ri5rd.>6AJdoL
v
s5sr6o6tndo.
ts466qogo Rs Jodeaooo StfER1AlR6dgIo
2012 qr 20ll $q68oL 3l pnSnSdr6oL 0q6o3.rr66odoo d.>5;oL Lo;r6nqogo Rr Jo6r'r8rr.o,o
3rqqXdlqndldo ?nb.rlsSoL;q ?p66doqs 6$o?36d1qo .:;r66qogo3XdoL6r5 6J98 pr 1,184
q.>r6olr oq36odoo.
RrtfR8A85
d.>5;L s35,:3.>q x4 6uB5or qrjq666oloor s5 ?ggqo0oo Asal'r$AC?qo 3rqq6d1q6d66oL
qs$qg6oL L;ln8;
40
208
0Jd0&1IcI0 qSdSEnodiBiq 8b5d:xr},0).)5
R!.li3?o606?R 0brt66nlU !'r68o.>qgX565 r;l6oo6X6Xlo, sgoqo6ndlqo Urgo63o6do, bs5,jor.:5
t.>66oro SgqoEnqoloL qr ,pSgr6oqolr j3n? rr6t6i1qo lsg.:r60o3}o R! tiLRRAl,o 6156trl,
t3q3dq3.:56qols.
oloo,s,g1Ro q.>3.:3?o6nb3qo 0L;r6ot l16oonrcrooloL goJolr 6.:5boq3oLrU, 316.>qqX}l 3orSods
;r3tor6oL .:r6tU qr 116r Sboqoq ol6oqo1q gor63rb. dr5,;otr 5u6o66}ndo qr;.:3?or66d1q
Sbur6XXdorS $rr43t rq565oqor J3XSoor:
3l RadaaEado 2012
b秋
qsp6?nr:43-
hqn
At)6&jlol,
5t?-AL
Oo
ヽ｀rlSa■ 06よ
6L■ 6o
b6か 6oЪ O
b
bЪ Roも
00bOヽ 8‐
3● R。
a、
も
6ゝ ̀003。
Ъ詢
Liq
go5$l5r4o
s6As6o?a1lol,
Frhqol,
aoto,q8oo,
ts06J61460 AROOAJ6COlol, J6a560tACIJ
rd6oA0Io
6rlaUoRDR s6tXd2qo o53Xlrgo1jo33o
nt6o361q 3rqpgr?o
ll>J.> 6ory14,o b 3ol:n6o&>
8,159
124"
124997
V
qsgs63ot 3sqr8qS gqolopo oS3nLgogo6do
nt6o351q 3sq2$s?o
b>$dotX1qolt 3ol>n6od;
522,321
522β 21
562メ%1
562β 61
322
2p63
422
2,670
が 228
m228
184,33
184,33
744,628
744α
6● 98
6598
ortu0?6o3q3dtX 6qy32qo LnUtSdo
C6(,'AStq ArRI6s?o
jArpKtlo 6s56olt bngSdgXoC1qod;
AoRRd7qalAfo
XrRq1bXR1lAf" goSsSlror.r Us8oSoLgr6olr
0o016o Xgbtn 6 A.rq?6.tt"
loJlaoaXs,tt tu qr6oA;
3sqgnBlqndndo 3o5u5to.> b.>0o5oLgr6ol.r
3o316or nr.ro651q B.rRIosAo
I'nlt6o, qnL lot,:Xr4oZt
Ls36nqogo Rr Jo6r'laoo,o gsqgndXqXlnlo
ltoJ.:r6o6ngolt 1ol:V*t&:
lqot 3l qn330}6oo
2012
R.rl,'4iRad8qo gqobs@Aou
2011 7RO● 31、 ¨
q,illdIRAAnfqo VRollro8ol,
6s6o5nlnlr
ps;.:38o61
aaR
1,184
rfus6oEA0loU
3ts6n6lor,:5
aftq.t,
anLRoL
SotARAosr
0obXpSoo
?8.!Rq1lro <6s56ot tsq8dq6s5nqololr
rGb$RrA6alr:
- ot.>6.>tA4o2c!aZ o lr 4o,y32Xopos 5o
t5,:bgt76nl,:
lrbR
41
2,121
1lβ 17
1,872
102の
2121
11,17
1■
72
10262
209
Dl2 fgot 3l Rrd6iDt6oa,
ROも 31●
00あ 00
も R00がで0▼ RO｀ 9oOb
、
、"11▼
RoL.ii,qOIaRo Vqoti."SoL
̀■
Ar6o60lAlo
Rも か OЪ
a、
。●R ̀『
aoGsGLf6o
R.tds6lo6A
37bqot
ats'60A4d,.55
16a.)6o"a$ol,
,ゝ 6
̀a♪
hq
s6SrdolAAloU
anLqoI
Sotnq6oo
0obgqgttot
a(96CI$$JctJR0L RJ lrb35 l,6nR0
ta8oLJ3RCIot 566J60?aClJ
LJ<6ogn5go En8oUs3sqo o53n\$ogo0&,Rs5
l*>j[tlot114,o L tut,46od,t
41,003
50,242
74,623
LJr6o665go ?63oLo3sqo Lt3,:
c,JJ6rOo loRs6
7,4q4*'Abo 6.>66ob bngUgn;Epod;
1,780
$ut6sqo,krt6oorq,o U.>BpqndnloL
AJl, LAoL0.op,)5
lollAotXngoL tu.rfit dn
1273
1,4
1233
1.233
■ 9
It16.:t6r'r lru3.:6orqol, o 6oqrltqo Jo60AoL
qsgoSrSLSIrLor.>5 qo;.>3?o<6nd1qo to6gXdo
bbXo p;1lX?o62dX4o 0b;6nnlo
26
1,267
AO55r5Un(iO (tlr0{rU8iEl5i)}Ol, d05R?l6O EOdaUaRiBJ
<4X.>q2<6o Ro60hR0dr $rr48oq665b olr6brL,, 6r,l81q$CO o5lr66?aA56o ?6odq6dr
6.:o133.>qoL oJ6r6rgooL ?Xq66up 6v6o6nBoU 0roU3r65X 5ro3oorgSodogrrldIR abr6C0IL
?o6oL qr .)6! RoJ3oRrGooL ?nqg6ry r5 od1qAloo,. [rr63oq6n5oqo R.)t31dC]o
t6L.:dq3dlqos 16 !lr.>br3R1l, oB orsStndb, t6o36qbq3 ds53o Sooq68qr SoLo go5.>511216o
o5Lgr61065g$ot <4Xuqo$,4oolr ?n0ob3X3r3o;fu3&'ro SoggsSoqor drSJoU BoSrEUt6o 3q5o3.>6nodoU 15516o?638r?o .>Lrt3qo go6sStSr6o
o5lrg6l3n5g6}olr ?nq.:66doom .r5.>qoto Usdrqr6bo qs t6pq74o qor63b1q3616oL 8ob6q3om.
3l qgXSlgr6o 2lll2
3l qn3n3l6t6o 20ll
lslresStro
6&RI'6o
Rod0liRS}J rr"doapALo
Bo6t6lrt6o til$o31lor
31qo ps 33qoL X;fuoXrq35gndo
l$lsRs6l,(,
R"6SrRAls
74,″
L474372
1,690卿 1
1690卿 1
391431
391431
14′ 19
14,719
簸
366
373034
373p34
1■
SoobogSsdo go5s5b1t6o
oSlr$o$t$Alob AoaD6o,
SDR-oL,:56st6o?o lr,>nt6orBo6oLo
lrsgsqXgo go6p?o
o5A0l'6110o0}o
Lb3s go5s6t66o sJgo3$o
533,764
5
脳鯛
qsg,>63oL SsquSqg gqodoqo
5
450275
2419
2633
"p19
2̀33
1337254
1337254
1,147488
1,147488
953』 邸
953鰤
758751
758751
9575
957,85
鳩 511,38
13"′ 38
1,168
621
621
2,128
442,128
5,115
5,115
go6s6Un<6o gsqq10lq6l6lo:
Srqq$1q66nlo 6A$oR05Oo
goEsSUXt6o o6l,0o6?6CdoL AoAs6s,
3rqqXlXqXlXfo gotuStorr
LnSoSol'66ot adr6o
3sqpSdnqnlnlo Ls66orr?ro6oUo
L.r3rqi$r'l go6qot 0o3sr6or
3rqq3dlq3dXdo SqonSgnlot 3otu6o
6r0o?3nd3qo L:3.>qo g.>llo$o
jsq.>qqndo
Lb3o 3o5s5Ltrt6o 3sqqnhq3aXdo
1,168
562許
9,194
42
562,844
9,194
210
r;lgoggbo 6o0nqo.t 6OqfO" q.6flIiR0}s a$oeeds U$sq!5lrer Ro60aARAlJ,
6o6.:5Utr6o .>Jgo36dol.r.: qr 3.>qq6d1q$g6oU Urdsq;5lro qor6ndlqX}.> lgoqqnds 63.:q76
qor66B1q36rL o0 BXSorbg6Sr?o or1 3.:or 6,s.>65oo b.:53o;q6 qsg,sr63oU 3sq.> (3 o3X'L6
5r;qXlo). XL qr?36d.>.>Lng3 gb6dr 3oorto35s0q3 qnJotog6dU Rr t0855bAAR s55.rr6o?Xdt,
r4o8qgllrq3 sr6 6u65osor q.:gsr6gotr 3rqr.
6.:\oqoq .:dtnaSqo o56glrgo6o66o
5sLryoqrq 116tg61qo o536L$o6onlo 3oog,>3Lr ltju4o3nqoL go6sGLo,> ltSoSoLgt6oL 0o6t4
sq6oqolr6o3 3sq1gs?o 5r8o?gnb1q UrbXqSSogo Ur3.>qo 6sLos5 j.>q.>qq38U. 3o5sopr5
20!2 q.> 20ll SqSd?o 116 6r6bor<r6o6qX6trq.> 6.>r6o66d.>, r6o36qog ojSSdoqr trbXqS[o3o
t.:3rqo grto.>5o jrqrqqSdoL 16nrq2r6o qor66dlqgboU r3l.r.>b3nqo, r66.:q116o qor6lblq66otr
?61r.:g.:L3dqrq 6s3o5666d2q oJ6.> 0olrsqoq6nqo tsAqrRo l-r;btr66dob qoU;o56o<66boL
Snoroqo. sr6r3ogo<66}Xqo, 6,>U.r6oqrq ,>6t6d1qo o533L$ogoSdoL 6pq16o qor6Xd1q66oL
?XU.>g,>U3dq.>g 6s0o6656d1q ojfu Urj;r4o36qolr 8o.:36odob 0o616 5r&.r?3nd2q
olqo6.4oXd$6 .>6U3dtrqo Ur?X.>qro lrsJr6o665go 5;5u,.6noro, t4o36qo6 2012 qs 2011
$qnlot 3l q660dt4oL 0q6r'r0v46oloor, ?6rp6n5L BSLrdsSolrrq 7.45 qr 9.14 J6ogn5gt.
go;pot66}lqo bsJ<6o6g5go 6$s6goroU 8jo56 go5s5b3t6o o6lg6n0n5g6}o
s3or6got6tr1qo qor63dlq3f, oor .:U.:b1qo gojlmr6SBlqo LsJt6o6l6go 5r6u;33oroL 8jo61
go5.:5U36o .:;lgo36doLs qr Srqpnblq6BgdoL 66.>q16o qot63d1qntr; 6.>8ooor3qXd.>
or.>3p.:Jo63Xqo sqost6gdolr.rb 3t5r3to goGrELl6o o5Lgr6l065gnaolr lrsd;tt6o tuJ6ogn6$t'r
6.>5s333o1doU ?3q.>6nloo 3oo 0o0qo6sr66 Lsd.:$r6r'r t.:Jt6to6X5go 5r5r33nor6dors5.
gojl.ro6g6lqo t.>)r4og65go br5.),]AColob 3jo5g qnJo$ognloL 3o8qo5.>66 t66rq1t6o
qor63d1q6l,r ngldSXlr qoL,joSgo6XdSq 3lqrq 5s,lsqnlL, SojSXpo glqrqo b.>$t4olr
LrJ6og6Sgo ArSrJA6oroU A!At'lu65gdoo, bnUt6bob.:or3oL, r6o06qor6 6tBSosor 3U6r3to
lrs;r66qogo r4ot;n6o qr A.)Ror5odr. dr'l$o606?Ro t.r3,rqo grLorSo ;1.>qrqqnBoLvr3oL
6noq7r4o qo6n}3q66r 6.>Sooogq6dr 3o$ot6g61qo Lsls$6o Brlroo. 6t'rRALrG
;ogo6gdlqo tr.>6rtr6o grLolr 6.sELr$q3t6r 66 b6t6hqXdr, 6.:3oogn5nd.> qoL;o56or66d1qo
g1q.:qo 6r.1:qXlolr 36ooqo, r6o36qo6 6g3d56ds 3o8qo5.:66 tsJ<4o6359o b|5ld3floroL
6r6rgo;U qr6BgSoqo 3sqoL ?X8odr8oUsq.
6pq2r6o qo66dnqnloor rR6oOb?Ro go5.r5Utr<6o o5Ug6ne65g$o
[.>r4q5X5oL 0ot6oor, 16nsql6o qot6ndlqn8oo .:qriogt2qo go516U1r4o o5t06t30560do
qr8(,8oRo,) <63uq216o qor6ndlqniot oXr6.>r6JooL lrsao qtrSoU 8obXq3oo, 16.>g q.>31d56d1rqos
16Xrq76o qor66d1q$oL q;Usq665rq 6so3rqob$o6nd1qo ?n8r3.:qo 0oEsg633dolt
qs;3o1633d.>qodot bur6oUb'tr6:
. ldooI6 Ls$s6tn ;ogor6n6lqo Brtodo (Ro50 l)
?6grl-rglr RrB?aGJhRor rd6ot6
d.>br6Xd$n 315.>3Lo rJgogXdolr; o1 3rqq6dgql}n6oL ,jogo16Xdlq 3rL36$6, ds5;oL
$gqo0oL ?ltsdqXdqoloL ?3L.>E,r3oUrq. r3 trrbolr goEr5L2r6 o5L$r41315g1d$n ?6g.>Lnlolr
;or63Jgor43d3}o ,:16 3r661qqnbr, r4rq5r5 ?69rLnls q,:g1d56d1qor
.
;ogor4Xdlq 3rLndtl,
r6o0qXdog Otrr Ltbotn Rr LrJar6obo LobBo6oo 53B3qnd.> .>J$oXr6 Er'bs6$n. sB
Jr6oqlJgnbolr ?3grb6d.>.>16 $or40ory6n6L 35o?g53qr.rg;5o AbStXol, LrArGll;
OCilSoJr, r6o8qoL 6nqr ?60s3rqo 3o611333o .>r6oU 0oqSIXqo ttdr$r6o 0o6ug603doqs5
(qo56 2) - ?SgsLndr qrg$56d1qos 63nqr o0 ?g0r3sq aerSsGJAt6 qrgt6pSrodoor,
r6o0qnlog r6oU b6qSoLs$3qo0o, Jo6q.>Jor4 s5 lr6sJot6qoJor6, qs drtur6o L.>oqs6;6
3oJo3n81qo.> qu,6or6g6drqo &'r5rg63Xlo s6 r6oL 3oE532qo r;l$o26.>q;
.
61J5odr, 6r'r0qoU B3tu3rqo So6q;n0nlo .>t4 6g$51b t.>ds$r6o Ao5.:GnBAdL
(qo53 3) -
tXg.>LXls qsgldSXdlqou 63nqr o0 ?30r3sq 0o5.>6g3$3, r6o0Xqo6 35ots356qo3s5
6rgq65rt sbq65t r6nrq16 gor6ndjq6ds$X pr sr6 632d566,: q,>;3or433brp Urlrtr6o
3o5.>gn31db.
43
V
う４
︐
[o5$q6]s66 6br4oqo ,>Lsbr3lr dr5;oU ?6grU6doL 0oq5o3.:b q': r4pq1r4o qor66]1q3]oL
oX6sr6jooU qo566dU 66.>qy6o qnt66EgqSdoor !l$b1qo go5.:5L1t6o oEU$t610n5$6doLr
6.;6;X1trqo .>16tgdooro 366lgXdoUorgoL:
31● n′ in33ǹ02012
Oooo600■ Ro
0o5s663Xlolr 6uiqs
o。 し
aふ 。
Lt3u oSgor4tugorL
(Ro60)
8,159
o5a0r0ooo0lo
ヽ姉 ヽ0
s6Ln}lq LsBs't
86ta30
RsU6R6(9dog,
000060。 ■R0
3oEr663ndtrn
(qo6n 2)
(Ro60 o
し
。
3δ き
昴。
6o Joゃ oRR3
̀08δ
Rも 6じ 0。 標 0
｀
30ヽ 。
0。 し
o530b0000oら O
151269
‑
LS1219
5.>16q.:
bb3｀
088600し
(R06031
‑
124"ワ
151269
ー 2β 216
」
80000▼ b̀80R606oRos o0 006o6も ■6o o6t6̀■ 08600bob̀0。 RU60 RÒ030買 030b
R]̀o中 60b■ R380b■ 08oも 03oも oa」 5oOoも
6● 003ROb oR'86S,6oOR3300。 史6oOb■ RO。
̀0、
Lむ
3r106
oO
R。
88060。
Ob 003btabδ t,̀Cj00Rbbcし ｀も。｀6o
Oo8060ふ
oO̲0も
Ъ
肺
。
o60oも
6●
。■Roし
Oo60030も
し
■
。
3o6b,o貿
O oSヽ 3000bb 06し ò■
08staあ bδ t
6
60い
も♪ 沢 00580L0000jあ
RttRtt RSが ｀ pヾ ぺ
̀0 3StOS6oぉ
b。 3。 き
し。56o♪ RoRR3も OR｀ 6δ し、uoR沢 、6LÒUR0 0600bOooOo30■ 08｀ も0も っRo
̀OB。
、
003bta301
0o」 6o80し ｀R｀ し
8oto OoRORot 6』 080603oo 00 00。 Ro、 ■0で 60。 わ
t｀ 8｀ き
も0。 6、 R5o■ 6■ Ro 3sbO。 5o
RO」 9oo、 ROし ヽ R。 しb8も R03bbOb60 JoRoRR3
̀b300060b■
0も
oo,̀oO熙
LOじ
o
OLO∞
08o、
oOo8058さ
｀
03000 650oo8060る o o6
08δ
U興
OROも
。
J。 健 RR330｀
̀Ob■
｀δ
6̀ooo66む
。
る L030R0018
abO興 ORふ δЪ。
3｀
▼
8R000006δ
600030,。
a bOR00bゝ
̀ヽ
̀Ъ
。
■38ふ 03t OoOb3。 R0
b̀b̀Lab■ RO am6sc8803o
o6SR。 300̀80boR0 006、 6000300000。 3も ヽ
■80。 3bt 06ROも 66ooし δ
6̀oも 30b00boЪ 03,Rδ 80o6oOo3■ 6ヽ 。
3o6b6b06o8で狸 8b60oboし 。。
。
Rδ
脚
″
２
6slr.>5oqoq rt6tXllqo
６
８ 卿
︲
６
︲
qs,;sgBo6$2qo .>;lgo3Xlo
L.:nulr6o gsLos6o jsq.:qq3do
﹈¨
$r<6aond1q o6Lg62835g3do,.:5
oXnSnlL
(qo53 3)
oも oも 0も
60066● 80■ R00■ 60も 、o」 OoOも ■
44
zr2
jg60oor 8o6g3trqo ghr6oqo !'v63osq665U goErSUXt6o rjgoSXdoLr qs grqqndlq6}nbolr
r5.>qo$lr o0ol.r 3ob6qgoo, olt 6srqoL u6oU 0oUrqelqSgqo 0ro,o r8oR6d.) o5 q.:g.:6Xr.
fq"l,
▼DR｀ 0
VaRto
0s5aoq$6
0o00
aoon
go5.s5lrn6o rj6o6n6o:
31qo qs glqob
nfuogsqX561do
1474β 72
14741372
1,690即 1
l.690,301
391431
391431
14′ 19
14,19
366
366
3oorto3536o go6s6lly6o
.'5b6o6i60}ot aoA!6s,
SDR-oL s56.:r6o?o
Uugt6orsBr*6ollo Ls3.rq16o
goSq?o
186
186
166500
1665∞
61%9
2,48,830
1,981,820
533,764
562部 1
1″ 2,1"
qs3s63oL 3sqs0qX
gqoloqo o531lr6oco0.o
lrLSr Ao5r6L3t4o rJ6o30do
"12,17
LXq go5.r6tl6o rj6ognto
4295,22
６
︲
御 部３
︲
節 ︲
lsqsqpldo
6rlr.>Xoqsq .r6lrAd2Ro
oS3Xtgogonlo
373ρ ン
373ρ
5
1■88439
2β
5684
2148
． 鰤 鯛劉
ｎ
!s163ondtrq
o5lg6n035g66ors6
q.:,ysg?o6nd7qo s;l6o3nlo
LrADi6(9 BstonSo
5
151269
2,6%216
573354
2419
5411,812
1
4,775652
―
l■ 37254
1,147488
1,147488
‐
953356
758,751
758751
636,lω
go6rStrnr6o
8!RR0IAR0B0Io:
3,>qq$1q3631o 61$oq35go
go5s5Ly6o oSlgogSgndoL
3o0.:6or
3lRRJliRC}xdo BoSs6l,o,r
ItSoSoLg6ot 3o3s6or
邸 7"
953856
3sqqnlSqnlnio
L.>3t6or.>?o6oLo LsSsqa$r.r
go6golr 3o3st6or
766,34
698589
652,149
1■
50,38
3sqp$Xq$6Io
;qon5,g3dot 3o3sr6or
6.>3o?gd3qo Ls3sqo
goLo.>5o j.>qsqqXdo
1,168
1,168
562,844
562,844
8r45
9,194
621
621
442.128
442,128
lrL3.> go5r5t36o
3sqpnllqndnlo
Utrq go6r6tlt6o
g.>qqn}2qg6lo
98OGqJ AO555l,Xfl0
J(r)$000J
■卸 即 1
5,a
'1脚 0
t196″
4
81
5,115
3″ 1卿 1
3,0520邸
62783
18ω ρ
l脚
l16,623m l鰤 ″
594̲
3,704,841
―
Ub3.> U61q ?60obs3rq?o $'ut60t'rq665oqo 0o6X6; q.> $.><6rqo 0oq$1qo.) brLrUoRsR
.rr4tXdlqo oS3ntrgogonloq;5 R.i !UsbtRor <6o6o16(J brUrUoR.5R .rt4lr3dlqo o636Ugogonlol-r
6.)RrBrl'Alol, t3q66.rp aoqndlqo 66Sn63oL Lb3rods.
45
1
V
お
213
︑
27. 601u80L筋 08ゝ
■otS諏 。
。630bし ｀」8ob6o30し
。●5■ 8o00熙
06δ ▼ ORO。
■ ObSb● Ooし bR,̀ob3030b
3δ
る 03b
̀Ob30ら
o68o、 R606も Oo60ob bo♪ 0。 6oも oし o6b03oo 300飾 6066も 601oob a、 る。3。 30も 、
おミaboROヽ
▼
8■ 、 8o300R860o8o00̀abOも
,■ 08、 しOb。 もo Ro 8o00RRRO■
6o Oo600o6066oし
δヽ Oo
しo60ob
00000■ R00b6o3%o30Ro)oし ■も
。
し
8 80Ro。 ｀300。
8oo6oboし ∽、
6R、 3● 300̀0。 ■Ro
」
̀b。
o038'マ
0
00
60b30L O｀ 3沢 b350るoヽ 0 。。
500b Oこ 0る 。
｀
bStO、
00。 RO ̀oL303oo
00080b000b R』
し。360健 000,R。 380R060も δRδ bδ
6o 60も 003o さb600b660000R6bL b503865000 6ob30L
▼0650o
̀sЪ
し、680b bSbきo OoJし 00。 Ru6N
マ86008000̀aら ヽLb Rδ
δ60も さoも ubOb86033RÒOL303obい
o66̀OR｀ 3,0000b δ6b03o3L cδ RJ33R。 いЪ60も 0る oO■ RO。 0,600R3300｀ し■もし、60b86
」
tt3。 RSbb8｀ 60b30あもaò∽ 3sts Rs ao6oOòo66ヽ 〕
33J″
も、6」 oも
し。0き 0し
60s
δヽ都
aの 買 ぃ 6o)oし ■ Ъ。し8603買 03S｀
,。 3m66̀oRoL ao6oooR。
30b b66o」 0■ し
8oる の30b30賃 0000。̀ヽ
し
ヽRヽ 36o08RU603b
a。 6の
・
′1か
ιa"鮨 %ρ ι′口a老
訳
6。 bJO
b8も OR30興 Ob。
b8δ
̀00も
6SU▼ 00b̀0も
3abOb
、b osRoЪ 8Rmt 6ob3030b
。
"り
む
o6」 oし
60し 3030し
0680bObお 6000も 80000000(■β
ヽ600■ 0,,3000000げ )3StibOL860ふ Jt
̀OЪ o00b6S6bò13oOR● ■
■880ò,oL、
qO Ъ00,o Ro■ oLも ｀80し o30b80600o6066ob
ob6Lo60oOR゛ もヽ 3● 1806oOお 。6̀o030■ 6Rs OooRob̀,3■ 60も 、 o3oヽ ,̀o00oRoo6、 R
し
、
60ot to」 8o、 6oも 、bR33δ 6oし J゛ oし 、b熙 開60,甲 ヽるo8866oら Ob 8´ う
。R3。 80308o00oob
8‐
0000R♪
6080 11Sd00。 5mも 、 8ooOo3b押
訳
∞ 30■ 60S6oS600●
Ob 800obOR3｀
し,
ooも 、
oお ,8ゃ 、
も
6R6o6baq0
,L66。 6o60uR0 03Rqミ ab330Lも o3き o■ 0▼ δ
3060る o60600も oし も
RoOo,3●
st腱 o SJ0030あ
t6択
δ6570R゛
SbOS6 R。
6δ R。 ▼
8886。 Ro3o30b 00R3ふ ob
ο嗽ル ι∂
勝甲 お ゃ ′ ら
"ψ
3｀ 3■ 0̀0。 ■ Ro
86o0060RoO、
6o O、 J00o■ 60
ι8功 ″8照か
も
、
63oし
oし 30b。 も8òの 30も 、Rb Oo666oRob 6δ 68o8
ROも 。(■ 08ミ 6oO■ 0,,6。 63030R3ら わ
50̀00̀Ob80bob aδ
o Rb RoR685ost〕 δ
80òaも の。
6
る。
■boじ 86030,マ 0。 し
0。 も
̀∞
■0も δふδ80bo3も ヽ8 6δ 60080R03認 ■6で 、 ■
Ъ 68JRUOb 60b3● 0も δOo06030し ,■ 03も し0̀0し
3òo30bδ ヽδb66òo■ 60bObb000b tδ き
0● O ̀■
bbòoo 3̀o60o3030も 、Ro 80Φ OR330b 0030■ b803。
'')
)oも
,
6δ 6ulD8oR3ふ
OL OòoooR 3が
」oOヽ も ▼ ò3oo史 。36tも o630も
o3o136o3ゎ ,o5oRoЪ o R。 ある03。 ,03bδ 3。 30も 060も 30し ｀R3。
000R003060し
30bOb
'06s■
̀Ollo Ro 3m6660ROも
60tJ● Ob R06oし oRも R0000o30b00R3oOo
006000̀066o
・
"、
̀LÒOb
Ooし 6も '' δも
63oOo史
。
L
b86Flヽ
Lδ
δ
あ
68oO マ8̀。
oδ
ObSさ 6̀P30う
006。
̀0ふ
6δ
66、
6o■
60Ъ
Ob
O。
6080も
し
8000R030■ R。
3δ ttR03■ RO。
Ò3●
300oOo6。
0
80J。 5oヽ3030し Rδ R606s R、
い
'06o■
。
融
OoRo、 ■、o00b a006 3000R▼ 熙00る 。
｀
6´ tる oし 30b。 し866000b〕
、
R tR3ふ ｀も
■でo00
00Rめ 沢 ■殴 δ δ]R000。 30,0● L6060̀0さ
ヽし,。 も000む o60ob
■6030b SR000sOU60ら ̀000b06oし
̀"00、 の。
もo」 8o560601■ 0も oさ o00も oも 、
も、
6 ■ORo o■ Ro00
R6o■ 6■ R36o00Pù0も
もORadR3｀ 60Robob∞ 。6。 、60 Rも 8L8調 3。 も03ol■ OR ObL Rδ bS3ob∽ 、38xRo8δ
̀0も
■R686t Oot択 OoR3603も 、 Rδ 600o886R.Oo● も
'Sる
46
214
慟娩
ゃ 凛い あ 卿
物 咄
"お
"ι
3
あ鶴 物 あ
0386b00030b t66■ J6■ 6oRo6 6』 00R06δ 60,3● 68■ 06oし daも 。
し3、
00666sRO｀
oも ■ RO RS S
o00666bRO｀
83■ R00000T00 806o6b■
・
も0̀000RROむ 。
̀08。
6òoし
30b8。
a。
し06000興 ROも ｀0050る oRo｀ 8ふ りRoR,8o■ o66oR3し 50b。 口〕
̀Φ 360001o
86● 000 6obOoし Oo6080L
oる
o60も
00606oRO｀ oO■ RO
aòo3b30̀R30̀も 06000RR3も b bb3。 で｀もし0、 6o68o8oR3ふ 860b800̀ も、6300
押 8o■ 00bO o386。 00030も 、R、 30666o熙 ob
の30t,̀060̀abOo。 ヽ60Ъ 060060も Oδ
O｀ 6b06600R330も 、
メ oR060
̀080b303o000o,b。
008o0000,Rヽ b■
6oも J030b
b̀b8も obb bb030 b〕 00ooR■ 6o Oo8oo00030 R。
86o■ 860R00、 6obむ δ
580b6ot8o■ OЪ OU6 8。 R00。 ■0。
6000● 6o00b■ o
興 o」 60oobΦ ｀
10｀ 6健 o3b3■ 0̀03■ Ro 36038R]̀0も 。も̀taO■
,師 8｀ R0030bObo R。
̀Ob80b 3b600。
o66o60■
8SRR330R'Ob 6。 5o,oROる 。も ò860R aふ L"も 、J● 6o3ilROb 06006■ R03s68。 し
bδ Ò∞
J。
3ο
δ
■060bo 60ヽ à803010｀ 6000b3606003030 Rb b6る 。
Oo60。
''
″ο
ちρι♂ワセリ資,もヽ
3ο 。
60b30b0060066̀ocOSも
、R60RO。
8。 ■ 05,6oROも
、6 Jo6665o866●
O Rδ 60■ R5o
δ6oδ 5
」8■
0L6。 3も 30｀ 60b bo」 00δ 60ふ o■ 0,も oJ8oo5obδ L O,000o6J̀Φ boで ｀
00。 8060066｀ 80■ R̀86005■ o,
も6 bJ8∽ at6● 3し 0 0005oOo3■ 6o3R6oOb6003、 Ro 3006oOoO■ 6o,〕 ORo603■
わ しЪ3b
̀0ヽ
R・ 0い も v
:閻
l器 鴫 :辮 滉 :32:}ξ 鶏 鼎 8識 焦
・
襦 鷺 器 ¶
50も
ぶ
「
86̀86o3oò80J603o3068600■ Rも 8o60bδ
6006̀も BO■ R5。 ,OR00 000Ro6o60
"■
00興 ORabObOb 8o8δ 60
き。630̀Ot80も
3066866̀Sc00L Oo30ヽ
｀6
oOoR330も
80ヽ 6oo 3s530b 30RoOoO、
Rヽ
)6o00Ru60b0 0000。 3t R038610800060buR。 こ
0̀03oROt■ 0」 860も 、Ro■ 0
b〕 ac。
｀
。
b
R■ 6o6bOrjuJct,」 も
■603oも
̀ら
R哺。衡 ta。
し。3̀OR000̀Ot30。
60b Rb653δ
る 00,̀oOJミ
8o066o30b60 3bgtR330gマ 0も 030も ■00も
00■ OboJR338熙 Oδ ▼δ68oO■ 3bL 806ò、 60600も
ObgtObOb■ 080し 808δ 80も ｀5303● 6Φ 、3t Rわ
。
0630b00000。 」
306o6o買 0も しL。 868R00060b303b tも̀t'マ
00ooあ b bδ "δ ttRo、 ■0̀60300,Sab80
b」
し
003860b b。 360R000も ヽ
J00o｀ o0500too1300b 8o00買 o。 。
̀Ott00
Rs Ob80。
tso580b00000ヽ
63■ 0■ 00■
R0000oふ 。L Ro,Obo300む 。
UROo L。 3̀が マ00060b」 oし ヽ
30b30R0000。 R。
360130R■
60ヽ 3̀30も Ob 8も 6000b
030ROb 3060060̀b000も 06b66■ 」
60030b3o00R00‐̀Φ
δ
Ъ
Òo00ROふ b bb680bも も
3m8o0000 ̀88030る
360m00060も oob O■ R803 006ooo6o66b bo580も
も。3̀OR000 30R00030b 8000し 0買 8。 R｀ で｀86oOoo。 。 bRObo 36o060R0 35600b Lδ ふきob 8oÒ
080bも の 30も , o8■ Ooヽ RuRob
じS3̀8R000 6ot30b 000b60で
6oも 30bOb 3oる o80し δも63o3oRO。01 8oÒ00R6060買 0」 6o
、■ 000RÒ。
つ etO■
̀3｀
Lb6Ro)o666oo60δ boも
,
R■ 6S■ 0,
のも
、
60oOo56o boo60560o。 Ob(Sttdard&Poor's,Moody's and
。。
」
30b506oo■ o6oも の し
̀ma8駅
Fitcll)800̀Rb興 606oRo Oも RoR0 6̀00R3。 ROb6oし 、3̀OR000 6o000660 oR6o■ 50Ro boo
Rb8o,3● ■殴 oJ6、 60ヽ 3̀80。 Ob 3òo30も 308o00oot a00̀
3b̀060o60b■ 065880b。 も abOR30ROb。 ■0 8ooROも ｀ 8oto tδ 3̀8で 000̀o000660,」 8田 ｀6oも oRo3
〕
b̀0600る 。0る 。
o6oヽ o6o、 8R3bb6000し ,8obo oJ00o,Obo Rb ab〕 06bROt 3o00興 0も も
も
b860δ 00̀oboも 。
ヽ60も ｀3R｀ 30̀)06、 600R3買 00600も os6 8■ ■5o60t Oδ 肺 3、 oR3じ 。Rb
8o8Ъ 8ò330Roo980b■ 0050δ ヽ
580b3056る 。
ooOb
ヽ
06■ R0000bδ ttl̀030L b30J66o も
606ooし 、
Oo5oき 33■ Rも 、
o6060oo、 80066̀00R3。 RO。 6o to360R000 6o00066ot Bstt」 8000030b
■000も 803b■ 0,3066̀5686ooも 80R038R OJ603s LooRも 6 bb3̀8Ro60 6o00066o■ 6Rδ o3ob
も■R a3060:
,
・
lo。 Oo60̀0も :し bJ60RooO● o000660■ 6Rb ouobも りR80060 AA Ro 06R、 oOol
8o6oき 00■ ROも も
8oRδ 6も り
R30òO o60 b。 860Rooo bb6o00066o bbb68660t aoÒ
。 28b606060δ :bb860RoOò000066o■ 6Rb 08ob bOR 800̀8ん｀R。 ■6Ro o8oも
805oき a。 ■
3̀8R000 bb6006066o bも o6060ob 8o06,製 。A
RO bb30R。 6 bu賃 860● 38̀00し ｀
6δ
し
3006
3o6o3060RO、 ヽ 860oる 。
̀島
47
v
215
.
3ds000ot6os: Ur;r6gqo$o 166o$o56o X5q; o6crU U1q 36ot6n A qs XEqs o5olr
0o5o|3dXqo lr$o36 Ur,jr6Xqogo lru66ogo56o Uu:665golr 8ont6.
qr 3o0666o1q 3ot568orr6 So8sr4orSds?o dr5;oU U;,16nqogo r6oL,1o
?nqrr666oo Rrdiqor qr ?6Usd$oUrq, 0o5o0uqtr6o 8oorbo35,: .>t6oL 6t6dXq3.>qor5o
r6nogo66o A qr 2SrqqnLo 3o;qn3rqo,:5o 6Xogo56o, 6o86qo6 3o5o|661qo 15qr o6olr
t.s0opr6 Lpq 36o6X ot6o UrS6Xqogo UrtcrgogoS6o lru665got 3oX6.
0o8qo5.>t6n .:56sr6o?$os6
d.>53L 6oo8Sos qo3og68o o5po6oqpq26o ,jo5g6r665g6dolrro3olr,
;o5661665go r4oL;ob
g66trg6doUro3oU (1,2 q.> 3 3.>g36o6o6do) qu.r6r66o3n U1gnr4651qo qoOogndo.
;lg60oo 8o6r5oqo Ob6oqo sq$6<41 go5r6Ll6o 0q6o8r63olot .:56s6o?53}otr
,)toAJroGCS6Adolr 8uJto8rqtr6 Ur;r66qogo 16olr,1L. OrJUo0rq2r4o Ur,y6nqogo 16oL,jo 5rff335Xdou
5.>3grLy66doU t6g'bnr6goL ?d35$q6 q.> tr6oroS6oBrogqolt qr 3$<6tr53XqgogoL
5sorSrqoL$o53d.>0q6.
■06oOJヽ
ヽか厳ヽRが
60L30
as♪ 耐、Rù。
31、 3aaお 86o
:131R3000。 0̀0
60b
"12
７
gtrqo q.> gtrqolr
Jda"asR1sO1b" (5.>qpo gXqoL 6*.r;qnloor)
Aoortt'r35nlo 3o6s6tl6o
oS\So6?60AoL aoA56or
SDR-ol, 150.:6rr?rt ton<tros?ot6olx'r l$Anqtoo
И2
口 2384
391431
14,19
1236
８
９
goGqtso
７
０
１ ｎ ２ Ｂ ｌ
g.>6&'rnaXq o6lg67A35gndor.>5 qr;o3Bor6$2qo
sJgo3ndo
trgslr6o 3sLorSo d5R.)g.oCAo
6rtrXoqsp .:6irXlXqo nSmt,6q:"af"
q.>gu63olr 3.>q.:3qn gqoloqo o53XUgo6og6o
Ltp 3o6r6Uy6o s;lgoXnlo
20■
366
5
373,34
186
166卿
lSl,69
2,748即
2,a16216
533,764
573■ 54
2419
5263,895
24
t.tJ6Cp'rt6or qr Jo6olooxr AJRR3ltR1A1d"
6598
5453″ 9
lr?q tsd60Ro6o 6oUdo
1,184
5,65,79
16oqgLog 5o5sGL7t6o oGLgr6X0nS$6do 1916o6bgqor 63rq16o qor4Xd3qXdoo, t60cror
5$3n53do orr6b.> $';r6&rrq6n6L 0o3qo5.>t46 Us;6gqogo t6oL,jt, 3r6r6s3 nL,><4 st4ot
3rJlm0.>q76o r6ob;o, r6o33qo6 tglludqo.> $sr63oo?3.rL Ur0o0;3qop qot66dlqndolr
g3qoq666doL ?CqCAW. goSr6lrT6o o6lr66?a050oL oloo,t'l1?qo $oJob.:or3oL 3,:jlro3;q1t6o
bs.1r4gryo$o 14otr;oL or.>odo$n SooroorS}Xdo Ssr53r.rq635oqor t38oor rqSo?51q ;o5;16g$1q
t6Sotg6ndto. j3n3oo $.>63oq665oqor d;5,jolr 0on6 1gbo116 ArRt$r?o Sqodoqo
go5r6t16o oElr0i633a56 [oL XSogXSgo rx66r5o$rgondoL Lr;r6lqogo 16logo56ot gb6oqo.
6br4oqo &'rogs3lr oLnon L,>66or?or4olro U5r0050rn0IoL lt;r66qogo 6gogo55L
r6o6or66do6ss: Sundrd & Poors, Fitch @d Moody's. 6oqnlrsg Us;65gonioU 3ont6 .>J$o3olo3oL
\6ds 6s5lrh3r36d3qo Ur;r66qogo {6nogo56olr 0o5o}ndr, rqSot6Xqo .>Jgo3oL
[.>63oq6X5oUo3olr 5s&'xr6566r AAO",6Olr" bs3t6gqogo t63ogo55o.
イ十
216
●
織
」躙
帥
AAA tt M AA
A〜
●
,も
B噛
■R
L030Ro
SARo Rn Slqol'
Afuo8rq05603o (E.rRRo
?tRol, 6nac,'Jq8loo,) 288,015 318988
10920
1325∞
100,781
263,11l
‐
‑
355
‑
122247
‐
‐
鶴 875
‐
2
噺
SoorUo3SXdo go6s6U2dro
oSLooOXoCaoL 3oar6o,
SDR-oL 156.:6o8o
2201
"L431
lrsn6osto6oLo
tstnqto(,) B(,5q?o
fri45
366
5
S;60o3d1q
o5L66iAA560do!5
pr.1s6to6nd3qo
ojgo3nlo-186-lt6
LsSslr6o g.>Los6o
j.>q.>qqnlo
6.>LrSoqsp .>r4tnd3qo
oSXSl.r6ogoXlo
n A6
w 2fi
Ir9,7E4 1686J06
-
lJ55
-
la9r,.
t65,XtO
-
E,158
Lt{p.lrp
qsgs63oL 3sqsSgn
jqodoqo
o53Xlrgo0o3Ao
fl\443
512jzt
248
935
SnX\/
Lb6s go5;5L2t6o
sdooacdo
t,45o
2.68
_
1542ls1
8卿 3
14′ 19
glqo ps glqob
3&o3.:qX5g3do (5sqqo
g2qolr 6.:&,r;qXloor)
s:la
Ar.lo,tr,r3S1ao go5u6L36o
oSt6oOI0AloL Aoa.!6o,
4,!.I/2s zt,2o Lyfit
̲
̲
̲
2n:r2o 2(f,,Bto
lpる
189
̲
5,l12
SDR-ob .:56.:6o?o
LsS6orBo16olrer
ts0sq3oo ?(rERBo
Tt,Oy
,3,034
$.>r43o3B3q
o5L06I3A560dslr5
qs,.1,>3?o166dnqo
sj6o3ndo
lrrAn*6a) BrtorSo
jsqsqpndo
oS3nUgocoXdo
―
151269
0rLsxoRoR ,><4LXdtrqo
1,187,651
t293J68
―
‐
-
124991
-
562´ (1
― mA54
― 15じ
、
.′
2,ffi2t6
R.5Br6aoL ADRDARS
gqcrloqo
oSSnlrgogonlo
11,93
l-rt3r go6s5lrp6o
.sjgo3nlo
2419
49
■419
217
b,ryt6gp4Ft Lfrobb g6t5l'ifo tihqhb Sobb ibb6pXa>
6o6ot66 6n5gt4rqtrt6o d$3o, 6r5.p Xtr6353gq6o6t fuXX5ob goSo6ltl<6o tolr$AaoL
Lg$oq16o6.:[ qo;3oqo]oL Jr6odq60oU SjoGn L5,;n]oltor3oL &o,;q6.:qor5o L6Lbn6ot
6q3g3oor. ;fu63em 3o6s5oqos 6.>6.ptr Uu;<6nqog<o r66ogo56ot lmlrgn8rtX qrXr4pSodoor
?nq665oqo Uslr6Ubo rjgo66dot lt,y4Xqogo br6olrbo.
2Il2 gpoL 3l ppx3f,6oL &..ao3.:6ro6oo
utg &gs6rqrgoq6hqtt
Ri !'iO 6sf3ltfdA}tqo
?65o?66
0oorbo3SXdo go5.:5tX<6o
oSLooOtoAdoL aoar6o
6rl.rrfloq.tp st6L3tr1qo
o53nl.r6o0o3}o
q.>gsr63olr 3sqlARX gqFBoRo
;5A0116"0"0I"
ot5$?r6o0qXd$X 5.45fuqo
AA
B
AAA
l{ao0p66o t63ogo66o daooo6sp
LiR
8
391,431
391,431
t2
214/J57t
8,159
-
2,748,89
13
tA13
s22nr
-
533,14
2963
2,061
11
LStb6do
lrzg
Z)ll $poll 3l px;x3lt4olr 0p6ar8s66o6oo
.;rio 6sRs6rqs0oq6llqo
qs sr66 6rlgrttrt6nllqo
AA
AAA
o6ogofuo 60o0o5s.,
?661165
&oorto363lrr go6sSLn6o
oSlr$oOnOAaoU
ao0!6o
psg.>63ob 3.>qo0qn gqcnoqo
o53XLfq;o1do
o,s5r3?t6o0qXe$n ArGJhqo
bnLtXlo
r,tq
崎R
8
t2t4
13J05
14:lt9
12
2fi1219
a4w
2,ffi216
lI93
162)61
13E54
6rlsXoq.>q s<6Lnblqo
oS3nlgogoXao
B
60ooo66o
lj|
I
2,670
t7
_ 2le3g2t
1mffr _L51!_
L610
--:,t
7,4s9_
ds5.pL 3o66 SoLo UoU6Uto sjgo3SdoL ;q.:lrogogor66bs bq6dr ?63q665sor6,:p,
AAA r6pgo56o 3sr66o go5s6L16o 3sBg35l6qnloL 0Jo56 OL6btnlqSdoLoSoU 6.13631qo
LntbXdo, r6t'r36qors tnUtoL bnq?g;r61q3}oU Jo6o6gd?o 16 Bnt1q.> S3qoqsdndo qr
r6o36qo.> dor6oorsqo orrSbr q.s J6ogg5$o .:16 .>r6oL 3oq.:6,>q.rgoqXdXqo
AA t<r3ogo56o - bgudoq216o go5u5L16o 0;6365gdqoU Sjro6X OLXLb3dqXlotoSot 6r6601qo
U6lrbn6o, 14oSnqorr lrXtrtot bnq?6;141q6d3}oL )ot6olXd?o sr6 ?1t3q.> 33qoqnd66o p.>
r6o0nqoo dot6oor.>qo orsSbr qs )r6ogn5$o .56 !6rt1, ArqsbsRugoqXblqo.
A 6nogo56o - R.>As3ArUtlBoRXd6qo go6r6b3t6o 0r63663trqob OJer5n SUnLblbqnlotor3ot - 54na1q.r tnLtl}o, 6o8nqors Lgtbolr B6q?6,jr61q6dnloU Jor6ob6dto t3lr1qo.: 33qoq6dX6o
q.: r6o33qo.> dor6oo.>qo os6b.> qr J6og65$o u6 116ol-1 3rqs6sqs6oq3d1qo
B 166ogo56o - RrarJArUoBoq06Xqo 3o5r5Ly6o OuB3nSndqXboL 0Jcr53 SLnLtXlqSdoltor3oL
6og1a1qn lrnl-rt6do, 6ro8gqorb lrCLtol, tnq?63r61qn]n]otr Jor4odnd?o ?0L1qor g3qoqXd6do
qo t6oanqo.> dot4oo;qo o,rSbr Rr J6r'rgn56o 3.>qr6uq,:goq6b1qo,>
50
218
●
ε
tl酬:g::綿 ::F::帥 問
ヽ
OR
∂。
フ,ι υ
bι
『
こ
16R｀
iI:° t8七 Ili::う
物鮨plメも
°
」
t貯 ∴
蹴鋭ぶ
榔91p
0000603。 LR。
̀メ
■
もOR■ 0860R330b
し
6δ ■8。 ■6o30L υo8δ bOoSt sbR06b
―
""場
膠 り 訳 ν 吻 1励
̀o
酬譜:よW,∬
°
°買
°
あ00b
R°
ゎる 3000も の3b
""パ
い り理
……
り
…
の
̀蛾
幾饗ワ ″ι
りο
めR05 boも Ъ
。も
｀
60oで b6
oJ8o 3、 63■
9
■
■
000も
‖
」
翼
60b。 ltlll
308。
8o▼ àS tR0 :
lヾ
′吻 タン7あ ら″レ δ憾♂レψ ttι l′ ο
R。 8b
oRoも
のも5Ъ
し
。.R。
219
I;G;oU 6oErEUX6o rJgo368oUr qr grqq6}trqg}6doU 66o66,>go1qo ;o56X596.>go,>
t60qn6or:
J●
6o00R
3l R6d0ara6d 12
め00
b● R
J｀
6o00Ro
0600
も
コR
go6rfl5rAo rftoggfo:
BiRo R.) Alqol,
afroa.:qa5$aao
″ 脚
い
Aemt{,XS8do Bo5n6lf6o
o5q9o0r00&'t aoai6o
SDR+t sfust6o?o
:474コ
2
147,17
ψ 384
l御 卿 1
131Ю 5
1214
14,19
355
"口
'9L431
lr.)06",s?c,i6olxr
t,narRio(, to6R?o
飾
366
5
昴 p34
5
"ρ
$.>oao6a1q
34
osrgo$x5tuIoss
pr3s63o66inqo
186
rdo"aaa.
l,.'3dr6o goUosSo
8,159
2J&S1t
11"443
ns
bL6o so5s5u$o .'donasdn ________l4I_
tdq Ao6sSltndo rjooSaao l,l6l,x4
1,fi211
n5a0l,6q3o0dn
Rr$.)t6:pl, Sn{rARa
Bntr,ldoqo o5ASUdoGoAlo 52J2t
D49t
$2361
2313
1a312D
ll\49
sfi1#t
t5l,ovj
$(o7l9
5;1lLEl2
\gtb4
l,l't7,488
‑
1,147488
一
3.rUsgop.>p .>drtr361qo
7■ 751
2.74Efi
5J3J61
\ffi216
57riv
2.41e
80566trddo
a!qRpl5qdAlo:
a.)aqRAaIq0doao
Bo6isLn6o
'n0$oe050o
o6tgoQlgglot
&a*or
A,RRa&teAa6a.
go6s6lm; llsAo6olg6ou
3o3.:6o
-
tgt4
95Jr56
9ti.856
2
︐
arRR&6q0a0ro
3qo65fifoU eo0s6ot
75&751
l,l5t
1.166
621
2
ATRRJdaRAICto
lrsgr6orr?ex6oln
bsAsqfo(9 Boseol,
0o0v6o
-
o蒟 助゛D中 ｀中
9δ
b6oか ぃRRo
9tJ85
卿
もЪO。 ■0666bllⅢ
3。
Rヽ やDRoOル
tbR 9d｀
V
…
▼00ぃ
い｀000S
"
9,"
6o
̀Lつ
゛詢
ぺ
獅
,m
3メ
卿
2128
9,194
3,85
寧 柳 1
颯 7■
6b。 ¨
oュ 的
1,刃 ,738
9t565
1出
鰤
52
抑
犯
0コ
‐
2128
1,"
H
12687
L06)
3即
5,115
■π μ l
p2
1鰤
″1
220
ROゼ膠 四 0あt6。 し´
殿郡l鶴 絆ボ
∬燎還吼 僣蹴t酷漱
{¶ ∫
乱ど 懲:繊::硼 器 υ
緊
:l:錦:L∫ ツ
:卜 :I『 詭
肥罵路 聯鵬器熙 、
罵
1ぽ 罵鎌写酪i∬ 嗽600
:〔
1。
:l」
R000oOb 80606oRO。 6 Ro」 o800̀3b■ R0
じLδ 030̀彎 00。 」
0,
6030も し■0■ 00る 3。 R30。 ■
も X603L Rb̀000ROb ob8o08603、 c8otRaふ 。
3
03。 3cD00。 3b R0380R■
J003060b
800030し RSR606、 t t16■ 00̀3｀
̀0。
R■ 0500
も
、
6001 80RttR‐ し
。
bà0ヽ 00̀obo 60ヽ 3̀3880b O。 6o30も
3̀3ヾ 000で もし
3000036o30ヽ R606も oa
RoRo3、 6s̀O bδ bL6030も 00608、 ミ■603̀0306000も ヽR360bL,600賃 03006。 3oo00603s
しL・ 00ob 6。 R06030b m。 し。8
。R ら。60oL R0030ヽ 030b 8も
30興 0003δ
柵
t鶏 i:｀
̀030も
Oも
dot4-oorq 3uq760dto 31qrpo 5.:,lrqndot Jr6o66o$o163d.>U qo;3oqy6o !d$o306oL
poSoL 6ror3rqoLSoSn6oor;
q;go6rSLlBoL qoSnrilmgo6or6nB2qo $gs6oL rr4lr6dodsL;
・
・
L6LB63oL ;<o5665$16.>9oolo
qr J.:r4r36gr63doL fu6o3,>L;
欝鴻
蹴
鷺
導隅 1縮脩 翼 調 鵬 鷺∬ 器蹴 襴 ざ
0史 030｀
RO
Rさ
。δ■ 00b買
OL▼ 06● o雲 0ゃ 。306｀ 6L080b。
00b● 6bo60も 。L
8o68δ 00。 も 0。 ヽ60t0600■ 興 330R● 6
0000R030し き
OR。 し
も8。 R00。 R33b
̀OR■ 8600■ ヽ6■ 580RU03t
も■00、 600,R3)。
̀6ヨ
織鮒F裁:澗 柵講、
∬:熙 ぜ
榔″
ぃ
oも
6o● 6o60も もし
t δδ
630b R0380ヽ mOob abる 030b■ 0し oし 83
▼ゝ
0買 a∂ R3● 60ROも 。
0R86b80600b̀り R030賀 060oOb 30000000 Rb 60●
6s31805o6b]̀0
00600
卿
脚ο
…
ら甲 %み 九 ル ●″ ら
υ紹〃 οι。
″ ρ勅 滋 ιありqθ
̀功
"
b3060060ふ ■R0 3]RoR0 650。 R380
221
ヽ
嘲
﹃螂
３ ２
3 ogn$n
6"aqaln
I $qoqs5
もつR
S ,ogt｀ 3
0o00
5 $qs0qn
31 q6g3}nrlo 2012
3uqqXd1qnd33o
6C$oq056o go5o5L7t6o
oEtooOUOAloL 3oar6o,
3rqq381q$nlo go6,>6lrn
hSoSotg6ot 3o0ot6o
1,37鶏
1,37,254
953856
953β 56
L168
L168
3sqq6dnq6}3do
;qoXSg2loL 0o3.:6or
6,s3oE33d1qo L.:3rqo
grborSo ;lsqsqqXdo
蜘 脚
210p00
371,け
40o3
570p∞
3sqq311q6dXdo
U.:nr6o.>Bcr6oto lrllnqi6{,
goSqot 0o3r<6or
Ut3r go5$U16o
857
tlqR1hqAa0&,
191251
8
Llq u6rqot,.p5gor66f, trqo
goGsGL26o gsqqnl2qnlnlo
3g3tg12
6D2fi
̲
佃
D1,119
964,1
161
9,194
l6t
3,836,063
V
3r R0d3a}06o 2011
3sqpnL2qglXdo
t6Xtoq35go 3o5.:5L2r6o
o6t6o6z oCloL AoAr6o
3.:qqn}lqnlXdo goSs6tors
lsSoSot$t6oL 3o0st6or
1,147部
T.5lro.>5o dnqrqqCao
527
̲
L1474田
467
‑
75■ 751
̲
̲
621
‐
621
3qo3SgnAoL Ao0.>t6or
̲
‐
757,757
3sqq3}nqnISIo
6$t'r8SniXqo ls3rqo
8
275000
175脚
381月 の
328559
̲
̲
4"硼
t"RR1r3qAd1M
Ls3<6ors3or6ol-ro Lr3sqtr$o
goSqoL 0o&6or
Lk3s goSs6tlt6o
4
■4η
3rqq3llq3L6do
t2q u6sqot3o5go6ntr5qo
go6s6tn6o 3rqqn[lqX8nio __?fi1_U_
_CX,090
641,9
10』
螂
'0
249
11%2577
5,115
A2Bl
llOD
3:r2A59
J3n0oo 0og631q gbr6oq?o 5$gXSXdor ds53oU U.>;dr6qo$o qs Jot6odooro BrRRCdAR1bCdo
l-rrbXq?n3t6jq6der A.rRo!5<oloU Oobnq3oo.
3● ■
1,中 Rδ 6
5,Rbtta
0
釉
沢"Ъ
995
54
‑
即
５
189
６ ︐ ︲ ︐
6´ 噸
8
し
■R
８
９ 斜１
31R0300306o2012
31 Ra a3o6o2011
5,ORЪ O
a00。
222
鶴 S陥っ6oぃ
0066● OL R06o3oR030も 68ROR330も
̀■
ゝ
38000bo Rb b。 3b熙 ■003■ 6tOb
,
bb
̀obJし
600
▼ヽ
6■ 8060
68000。
脇名拶
"̀囁
ιあ り
b
0
6
▼貿OL
6
3も
９つ
０
観的別獅︲
t Ua.
レ 物％
Rc)Ro6o
Rr6(,
必 レ ％
rllr06.!qloi6o
％レ И
0a6(',,
︲
３
邸郭
Ｗ
ψ
¨
必 μ ％
J?? Ra,R!6o
SDR
R■ Ob
866a60も aRO。 さ
(8,88,
(3,23)
(1
7)
(31)
(22,162)
9,863
帥硼０
lrtao
5脚D
崎駒
qr6o
駒駒
t3L6r6uqoy6o
qoqur6o
(20,B9)
駒駒駒駒
0a6.
駒駒 駒 駒
rBB Ra)Rr6o
SDR
86606030熙 0も も
θ´51)
224
Rr6o
lll
qoqu6o
mr6-
SDR
.\81'O6s- l,t8.!
trR
Rsr60
R(,R.!rfo
0JAoAuRA50J8o
3oorto3568o goSsEttrr6o
o6l,6o6loadou ads'6o,
128L318
163′
︲
解 Ｂ
・鰤
go5s6l'i6o sihoSaao:
ts?Ro R"; 3trqoL
26,n3
"
″
Ì74″
"i431
SDR-olr s56sr6o3o
Ls616osBo6oto
LsArRlo(9 B(,sq?o
飾
366
5
5
Sr6atlahq
05r,06Z0a560do,r5
Rld,rA?o6AlXRo
sJOo3J.o
・ 邸
Us3s|6o grtorSo
Jsqsqq6Io
b$Lr8oqsR D{6lrC}iRo
oEAAl,$o3oAao
186
186
166脚
166卿
L515,,
934218
‑
11443
2
529
291郷
2748830
R,5ts56aob AslgrAPa
3qodoqo
V
oSsCtr$oooa&
bB3s go5s5Utrt6o
rdooJaEo
‑1
11
4
tnR Ao6o6l,i6o
silo(,806()
"●
"細
533,764
1"コ
〃
‐
248
飾脚
3屁 753
3,105
2633
5鮨
1
go6sEtT6o
S!RR0}iR0}0la.:
6sqq6dtrqnl66o
60$oR050o go5s5Utr6o
‑
1337"
253
953お 56
‑
957邸 5
‐
L168
‐
"
4
,194
ち7
3,01,01
o6l,oooioalol, ffir.66,
S.rqR0diRoaAdo
goSsEbors
u.>ao5o q06(',r
1211脚
ed56o,
A.\RRC}f,Rod0do
lrsSr4or?ot6oLo
LsOrRUo(n Bm5qol,
3o3s6o
88"
973
9
,62
3.rqq6Ejq6d6dn
JRo0SoaAoU Ao€r6o
1,168
562,844
ヽ
tssl,or5o JsRrRe0do
・
6sSolnndXqo lrsgrqo
lrLXs go6s6b3r6o
g,:qqXElq6lndo
8,14
tjq
goSr6tj6o
AlRR3lfq0a0}o
2
916389
c86,り
2"6,Ю
L710ュ
?8OE8J AOSJGI,!d,0
Jgr$000J
2Eβ 溶
"1鯛
956̀
6"7o
3P,758
郷
1鶏 仰
７′
225
・へ
′
４
-
qoqv6o
Bo5$6LB6o idoo8Alo:
― 一 ― ―
― ― 一 一
‑
1コ 29,186
348ョ
tsaqo Rs ts?qol,
aJsoAlRa660do
3ooto352Io go5s6trtr6o
o5b6o0?6{Eot AoA.5i6o,
Roi6o
― 一 ― 一
B,5
99o
｀°い
8,6
‐
̀3
189
̀0
―‑
‐
4,176
1.690卸 1
35
14,19
SDR{,U ,}5a160?0
tugr6os?o6olro
l,s0rRi6rr tscr6Rtso
373.034
373,34
Ir6aocanR
o5L66iAa500aor5
qrJ13?16gdAqo
"jo"ss"
U;3.:|t6o g.:lro$o
oGAAl,6o(,o8a.|
1511269
―
#qsqR4An
arlrr8oRrR .ldlrrdiRo
124"
t…
66861
̲
‐
‑
784● 7
2101275
‐
qr3.5{6aol, ArRnARfl
151269
2,
′16
gqodoqo
oSsnbgosondo
11
Utgs go5s5L16o
B
siffionndo
t3q go5$L7rro
sil6osalo
‐
703.176
5738ヌ
106
29ap82
2419
1,144558
"p
218郷 1
42■
―5´ 11』 12
goGsEUtr6o
BSRRA6;\D0}0lc
3oqpndtrqndnEo
t61$opn5fio goSs6tjr6o
oSlroooao8lou aoA,r6o)
6sqq6dXp6dglo
1,147郷
goSsSLos
郭 β18
82.509
４
︲
５
tsSo6otgr6oU 3o0sr6o
101,10
758751
3sqq6}jqndSdo
brA6orBa,6oLo
|,.)arRto(, toSRol)
3o3s16o
1,m,刊
り Ю郷
3sqq6ltrq6d6do
3qoXSgnloL 0oasr6o
6s6ot36E2qo Lr3,>q,o
arl,orSo Js{rqRAAo
Lt3,: go5,>5L1r6o
AsqRodiRA}oao
621
621
442,‐
442,128
3̀15
298
12112
‐
5,16
t|q go6s6tl6o
6sqqn62qg6lo
9805qJ A05J6l,!c1o
JOt000J
1鰤 碑
σ02.85o
7D鰤
卵 綱
228
9
l■
,″
58
sO郷
̲
o,704Y
2B,
1
,8
3704,841
聯 3
L7116″
1
226
｀8節 12▼ ROt 31 Raaaあ る。
。
讀nbO aも
Rab熙 0,ROい OoOb
Roも 6■
"も
ヽ調
UrArRtr9o JrdlFl, JqCN l%
匹 0
l.,na.}Rtro(, di'6tot JRa}J s%
(llu61
14■
k)ssRa6o Jir6ll.'1, Jpfld.) lo%
(2
(87.1509
,691)
(5ψ0
31,76
58″
o,17o
(15卿
7
"部
58974
互8田
ol「 ″61
に 4"
(n4641
1264μ め
Rozi6o
,
19,″ ′
143鉤
K97,77Ю D
12,1891
(10"31
01鉤
ゆ卿
R(,Rs6o
国螂 Ｏ⑩的
に り
つ
ρ 鋤
(12
3,178
卿岬卿
ls3rq2go 31r6lmt ;qX l%
Lralqto(r dlrr'lFt JqA}J 5'l.
Irpqgo 3Xt6toU .;q6N lo'l.
●.89D
つ
0
獅呻邸
型
︺
¨
lrsarq?5o J!6l,0l, $.6R! l%
t's8,}qn6(, Jli6lnb t 6e!5%
brgrqlgo 316tot $6qs lD6
,,
卿
蜘帥
卿
¨
¨
R(,Rs6o
G7り
R(,Ruto
も■R
和
中
ゆ
UnAnRZd(, ,] 6lhL tl(6p.) l0!/o
btab
Rotrdo
″ 獅 ００の
l$8.)qi6cl dA6LoL 1,6Rr 5'l.
!Al'66!-
̀0
邸り印
lljSrRlo(a Jt6l,.,ti $6q.r l%
●
型
﹈
¨
ヽ喫
K24o
(121D
K240,839
btoJ66.r6ur riot6o
tuoJ3<6r6oo 6ot,;o $r60osq6X5L oL6oro $v4rqot r6ot3t, 6o8gqo6 6$r.r$361qor
lroL$;Aa8ol, 3$goddoqr6 AiAc'lUARoq,, ?X6qo33door, olrq,Roolrodoot or1 Ubgr 6114g
0ogq65g6oo. 6oqXUrg 3o5$<6oq6}o r6rltor.>5rqoq 615jgoo5o66dL, L.>oJgr6,>goo droU,;3.>
t3L$qo,> ?16Ut',Boo,o AlAqCEr Sr,lrbqoSoU t66J1$;go.>$3, 6ra<oo$AoclL lrs.yr5o53q38qo
R!6RA0AA}o uE go6rSbSt6o $s6rqo. ?l1dqnd3qo 6$;oL 3o316 gXXq.r Lso)Xr6.13oro 6olr.;olr
;q0ogt3t6s, o6313o L>53o 3rr6o.>3U r3 6olr;$U ;o5gt6oqob LolrgnSolr, Jogn5go2r6o
t6ot,.ploU 3o5ogot6o55olrs Ri Aro,$C r46.:5o6n6olr 3n?3geioor. ;oSgt6oqnEo Soog;gL
&'r3rqXod.>orr Lrot6sqoq 6lSn$oqCdrlr, !'3qo0ob, .:3$o<4ot.13ooUr g,; 5sq.>SoSBX6olr
)r6o66q1r4ndU, or;5.>0?r6o31qor.: USrgqXloLr qr EngrLndob Jr6o66L66t, ,:3sllolr5.>3n Eoq.s
rlqogot 6$o5g5;dsL.
59