„საქართველოს 2014 წლის სახელმწიფო ბიუჯეტის შესახებ" საქართველოს კანონის პროექტით გათვალისწინებული შემოსულობებისა და გადასახდელების საფუ\ზვლიანობისა და კანონიერების შესახე, ასევე მოხსენება 2013 წლის სახელმწიფო ბიუჯეტის მიმდინარეობის შესახებ საქართველოს თავრობის ანგარიშზე
📋 განხილვის ეტაპები
ინიციირებული ვარიანტი
📜 ტექსტი
დასკვნები
lrJbCCBdEnEm JJ0-on0nb biAbnbUF n
6C6CftDgt0hn JCAnOmftn
llrlrcro:3xqoL Jlrr rqr636$dJ o4q(Ar'l0rf
6,>6o6 qP,:3oor 3lrygsQoqU
)Cl'i
bro('6(.l qoJ3(r,
,Lrb3q€$osm{aooorrbsaLsbJcroLtscrrbcb"ffiffi\i:ffi
H.?i#;:
JL ,Uij56or$qxtlJ 2014 $q'ou lt>b3g-€$ogjo
6ors36x'':bol-r s6P6rilb3
p$r6or,: trrbSq€$r4o J11aq)oL brAL5b'J6oL ('rl'$6'\
l.Dfuq'a$ogrn sgq*.6ol.r lJraLrbS6ol'
(51 tsU6OcqSC)
&')bbc6ur"
'
(34
m60cqto)
Ssgo3ol-1633oor,
/q,$J crnd)(nJ/
Nl53/02
16.10.2013
0r'rbltgEgbr
brjr6or3gq,erb 2013 $qrob bsbgq'fl$oger bo3xC6olt
0gb6gqr3bob 0o0qro6r6gerbob 03brb3b
0orr36erbob r65r6ot$g
bo6rqgo Eggslrgbr pr tsggsltSbob brgSfuqrgbo
A rCEC6ol,
tJrA@Bo
6obuc&Jb5 tuab(Obl]('os,,ltb3q'd$ogo 53Qoool.i l.iratlb36olr 69ltb3b"
b+c,o,3cq(')L Jr6o6ol., 31'c qgbq'ob aC-2 J36fl1ob, Utjs6or3gq'olt
Jrr6c,Ja3fuou 6mq'racqJob l&31 a3\'ou 0313 J36i$ol.r.> q.os Lr+Jf)o,3cqxrL
ljJbcryq69o 3(.pgpoL 39 3 A3\dr A3ur6.folq9.
octbwCbot
&'rbLg696ol:
AxrJfotrO36o
AmbratrqoCAq,re
araoUCEC&Cq,or:
brCrf,C,8CqmL g(6r6bo)r ljrA(,6o\)dxd., aoC6, ltcjurr€sqoL
Jsr6q,q6OoLJ olj SJ(c,(,A$oqr) "b$.:ao69qx 2012 $q'ob lt:b3q'A$o8l'l
J)
bcrglgQolr
fTJq'CMJ
$q,(U6,o
!68tf,o6o";
tt'rfuq'a$ogo
b) brbq,agogo &lJfrroot acU6C($oL aoa(o6r66r'rboU orobstg
brbnEolj 0q5 &'r0$rp36gq'o gp3cq,o8o"J6o, $J60sq-J6o Qt $q'oc6o
ACt
J60r6roB0bo;
l.,rAr6<Dq'oL
d Abrf,Xrgo esDCLCbf(,CbJbol, (br6o6ol$,Cx1C6o, lrrxsl6o
€6c,Ar/Jq,o J.r6,CBo Qr 1.,b3.) 6oJ6, AoEbrAS&3q'., goEJEl,C6o rei6oghol''r qo')
(XrJUAC6OCAo;
r%rd,o8a0oolj
q,) ltbCqf$o€o r"J(rrOoU Ulaurb3f)ou ao$<) 8r$t6,C03q'o rUQoC6boL
Arbrq,obo er qQslr$63bo;
g) tr.$raogqxrtr trgqgot$o3oL 36o363qn l-ts6LtrbJ6oL aoC6 &a(,CACdECUJq'o
L6o6olrJo33t6o o6gorftroos;
tt)b3q'ASoRfl
b(PJXXOob
Agufuq'C6ol.,
arfgoS*6coou
aC[,rbCb
r6a.rffi,
e'rfriq6brtC
SsLUb. AACbq'(',bJ
lrrbCq,A$ogo bc',Jxroob A3trrra9q,CbJ.,5 q,,r Sq'q36o 56b56o8oL &')&JQCbr%C
JJTJboLAACbCq'or
UlCJ6o3Cqxdi
0ors3t6obr'
.>66sr6oEob Lrggd3g.)A brA,SC6CbUq'o bo.\)olrooJ06o o6ge60r0oolJ
go656Lor l$ao6oljo6o'
aoft.)aCbrtC
t$u3q,a$og(') o<rya3gou 6ca.lu'Ce'c,h6olr, &:q.orl$b(Eq'C6obr QJ braortr
JJJ3HraaChq'oJ
o3qx,q,c6ol, sq6,o6b,iJ.! (,r Jo6od,e(,tC JrbfboMaCbc('Eo 16('16
0br64Xr3o Ar$CbSCq,CbCAo
UrCr6o)30qmb Aor36(.lbr (,r
UrbCga$ng. b(rJXXOoo 6ro3.rq'oU$o6303q'o L:bkr6bolr brt+rpr$3,
rq6,oob3Jjr ar J(')6o6roq'tc Jil-rgboM61fuq'or 631$r0ol-to ob'rtv4q'r3o
a6g.$ClCqx0r.
tr.rbcq,aFA('l
4qq5oL
l,J0l.r)bg6olr
J$rfbdr668qxrbr
t(,$ao Ac3lbCbt
A(,bLCECboL l$6.rdDq'C06€o lrrgufuq,C6.rcr, AiSurtq3fUq' g.:tr6q'308o'
Lsfuqa$ots(r )U(ooool,l LJat rbU6o .:a<'r$63bL LrCr6o3Cq'ob 2013 $q'oL
L:bgqdgogrn bogxrgoL E36ol5q,o636olr.: q.or bJqolL,tbqSq1boL 83l-tQgqlboL
ffiao6r6Cr'r0ou 391tfu0 o6go60c6ooL brjr6orgq'oU Aor36crbob !5Ar6odAo
sLrbot) UotULOcUJ Ar Lol.,6Uq'CL, 5hm b.)frXJBoU JsffioCt6CbJJ.
ltbcq,a$€t'r .ryqqJoU b.>dltb"st(ntr 33grlt30oor, ActbbcEcartso tu6&3q'o
66r&6gqm3s5o l.,rJoob0bob bJ6,AJ, "LrCJtr, Cqx')lr 2013 $qr,U Lrbgq'a$ogo
BoIXJOob fubr'Eq$ol, 0o6qo6.:53o6oU oCLrbCa' aor36oboL r6D6o8o
OoA$4ggbgqms A<'rj0gqn Jr6om<,Cbq,obou ql563.,ol.
1. brbgqa$ogo 0ragp6gob ACb6UeU0ob AoAen6rtigo0r,:6695,r69q,
Ar'l5CtC
r06CArOUq, qr'lfufu 2013 Sq,oU UrbCq,O$ogo 0rry66oU 3.$o6ou ASLfEq,SboL r6rq'otoo)
3qm6eC6J, 6x')A 2013 $qr)l, 8 o3oL a(rd('lalt60al6oo, ACA')Lf(x')&JboL Xr6I6o ArEgCECoCq,o 4,658
aqt er6U Ar gq>o116o N6AoL 5506 b Agoq,6C6lr. e'lqrr 0J<,irrbeCe,CSob Br.$ct66,qo ECLr,Uq,Cbr
4,503 0q5 q,.)6b pr Sq,qC6o 6C6aoL 53c,G1j 6rUOoq\9J.
2013 Scq,o
oCaa'l,3qxraCbo
03lrt(r3q,3br 8 o3ob
a(,6c1Ar6Joboo)
Sq,oJ6,o 6c6ar
4,658,411
8,425,500
55%
4,603,592
8,748,s00
33%
2013 gq,ob 8 o3olr 3r66s3qx'rbcao bcb3q'a$%(' boUxroob Jr6(')60o 0aq,oq,CbJ 16
0nSkr6oocq'c&Jq,r. f,Jo fucbc}t :sr6,Otqr96 a.!6$c6Jror$ 0odrt6or3brb' r66carogq' (m6c$c
Irbgq,Ofrrgo
a3ufl-Jqt6.) dot6ooxpxp aoUroraok$.sor $r60pqlf,6o 0J6furr,.,o,
qlJQloGlbgq, N6agO 6.:8$fuaqt6o,r5 (J3r6,Orq*J6 Al6ffrao AmDboq,r, mq,oq,cbCbob
6.ro6.rq,ol-r$ofuboor). Jg6d<'ra, acaerbUq,c,hooU x!&J6o arft06C0qd, 3gk5gq,x8r6 8 o3ob
AA6cr8ltr6oboo, 9 o€ob 66&rU 80. , k'rqm 64rlto\gq,X6d, aSC6o A.te$6g0q,cf, A3b6,"Jq{b.)e
72.1 % AC,r(6o6J. o,.J60r 0irgq'o $q,olt 6L6r3lrca, l.,rgu(6J('e0&r! oL Brf)0rq-J6o bsJt6o6&!$o
0rtgC63bqf8o, 6x'r0q,CBoO
ACLtfuq'CboL $r6,Oret6 .$6.n6ofu00o.r rlsb3q,o qu
6x'laq!8d,r6 AXpJ(rtXbooDg b(,Cbr Adr6Cq,CDob Ae0elaytJc)bol, $rrhr. JCtr('IA, 2013 0q,ot
6.r66.r3q'o0r0o Urb3q0$ogo 6og6gob p6$36r0o 6c6k':66o3q,rps crt6o 6q'oqlCbr "U.>jrt6or39q"crU
2013 Sq'oL Lrbcq,0$ogo bo3qxSgoU qr 6.rc6,cDo brr"Jxr0oL 3cadrr3ql6ob, n6rgo6r6ltgt6o rCo%cbol,
3qgbol.$ qpr gobsEbgt(ro .>fr)o6boU 3qtboL $r6,Orq-J6o 6!6fJr,ob AJA11loOCbolr orrobs$3"
l-r.>j.y6o63qx'rL gc6r6l-ror.r Eo6oU66oL 2012 $q,oL
3l A$Ca66oL N549 Sddr6Cbrao 0CO)6oq)
o3q'oqdcoob u€Ifuc('tg(29.03.2013 $. p.r 28.06.2013$.), 6,oU tsc(,c&(Do eJJ(,6tk)o6er, 6('0('60
0g0obgqn696oL, ob3 AJAJUIbACqEboL LlAAUdn Ar83cfufuoo.
4
lrrbcq,oFB(') DoUiUOrrr.r06c6$gq'o Ert6J6c0qr8o(r.,)rlx, q'r6o)
UA
!c
€tJ
!o
ea
3 -3J
ECS(.)LCqIobC8o
r9423?3
1,792 9)7
r,80r,935
90
96
100 5%
2,191,X1
Lt,:iN t1:l
r,564,241
i1llo.
,5 5or
6
ACAoLrqlF|bC6o
BrerL,rbeCeCSo
",6C
3,836,028
3,398,351
3,138,0.16
896%
l0l2%
1,414p8
3,543,673
3,395584
76 6?6
95-a96
Our,oq,o 2. LrbCq,o$otso 8ou?(roob rE6JbrOUq'o ArfuC6Cbq'Cao
oaot Dor6rq,.fl9o6C6oo,, O<ea 6dryq,o $q,CkL AAAL{o, l.,rbCq'aftAo k131r6ol, 0CllttCqC$oll
(osltittfuq'1.,
$r6,0Dq,:J6 $ev6oac06o rlrcbpJeo 006eJ6o aS3g6Coqdo $l66c,t(6C6t
JoeJbof,c&Jq, AC6At,(06drEC8ot ln8uqC(,q), tulto)!6 ararfr4eso U$oUolCO.'l r0(r0D000d,
AdJ63q'38oll Aq.o6oat6Crobol, SrEbqBr ltr,CntJq1fgoq' lrJf,!cr,I, odq'Cas, 65.bC0 2012 $q'oll
l-r.rfuga$ogo boUXJOob 0CL6Uqt6oL aCLrbCA 6o)J36(')bol, rbal6oSt)C lrrb3q,A$o8('l ru(nooL
L:aLsbg(rolr 0obL36gbrtso6 rqo6o6c. 6ot$3Xffioq'(,c, 6('la blbCqfB8c) &€XX6ob Egltt5gq'obolj
AXUob3b Aor3trx'r6oU ACb6Uq,C0ob
J6ar6dC03o ldjJb(lb lrii6p6oae, JCfxregf, eil$S$,til"
)d,bC0f(,o JSr6OrqICd,o SCAAJdr, A!fuCffi'Cbo, dr(,a AcIbACb ACUdpJq,CooU 6CoqpJfn
AeFaoAy6CoSd, qJ ACSAJ6o AJ&3c6c6q'c0(tntr6 6)C5("Jf,o 6JQ'rb6ol, $iff('!\606r.
610 EC0bC6s Orq,JSJq, Joena,6C6OCbL, 2013 $q,olt 8 o3oL 0q.o6o6s63o6oor BX&'rLggobSOoUs qor
aJ(prl.rrb(ocqloob orq,Jcaqo 3oaJo6xfuxoou aguogqxboL $oq,o $.!6,aiebc6oq,o,r q.oor66$3b$3
acaDbfq','S,1, 6Cl,6Jacbr 8 osou a(,0(,a)6cr,0oo,
(96.}a 0qr'"Jr, arss$cbcq'o}s)
r2012$Cqb a20l3EJq{
aJa",qqT&,
Jfrlgo6frSrn {0rl3r8.t
Jsd.,
tso6rdl/J6., rCo.EC8.$ Jq$o g{'(.c'J('J8ddr ti,A,,
(6raoxrr trac\]q$D)
0rq'JD\'Cq'CD(lrACtui'JqiCDr 8 o|3ol, fu6o8lt't0ctb(D
(g+rQ Sq€6 aqCECbC('oNE)
r2012 9Cqt c2013 0rqn
5Av.
n l)tso6$arifx, ljOrEJS<lJ tsotun 5'n €OruCDdr t'r6aj
h)rtJA"
3i<'s083(:cbCsob J()d$
2. brbSq€$ogo 0cryE66ob EgAob4q'g8o
ACArUiSq,C0oL $q'€fn l-$Jd,r$F('lto &'o.Jq'obt 2013 0qnb &,lcxgool'
Usb3qffryo
8 oaol' aatrflf, D(E' ts€o('l8fr8tu
J.!6r6oo, 8,tr$t(36,5 7'422.5 W q'J6d' ax'Ecto' ar
0gU('JqT6lA 4,228.4 Aq,6 q'rfn(Fq'o"$,o L18 , 57.895) E9'46r6'r' rrx'r6o63 365 rqrr6o06r oL
Jg!6)Orq-JF,o L$6(,b6oto ArBgCECbq'Cbo, C-Aq'Cb.A
oo"Jx,Oob A3U63q'C6oU $r605q-y)
r%)6o8Cbbr rlrbJq,o QJ 6,oAq,C6olt6 ts3a9sr630ootg bqbr fultCrgq'3Aolr aQ6oAJ6Cr'lboU rurb3!'
grff(,re.dC6l, 2Ol3 $qrt, oleJ3qx',brao bcb3q'ffigo o.,JXrOol, 6s5$36tfo 6'>6Ledt6o6q'C03qn
b.r$goL
$rf)Orq/Jd)
mq,oqgCooL UopagcPto aofufl6o,dDbgq, oCAArb Ar0sq'c,oDlr5o3oL,
Ar6$C6Jr,or6 6oa,v6oCb!tso fu0oLr3q'96ob OJq'JCUEr) 3o0&nfufu36o1 3oduk)ot6963q'o
AJfuCECoq'C0o eJ ACLftJq$ob fu6o6.rrv6ob.> 2013 Sq'ob JorrBCq'o JgJ6'0q'obso6oU
&'43&3q'or
eor06sa!$C.
blhq,0ftAe 6rlJr1g6ol, aCaatoee'C6o(3 om)
. l$$g(rl( srf,(}r(,Jf n Us$cf ,r
'
.Jot5do.,'ri63qbB$,Oi{-Ji'nartf,fE
t Brdoctiiqp adJl5C(lcD{cGrQ t'ris,b $s6oi(3f, a$6C6s)o[,5)
100 0%
53.3x 5&5x
Al(t)l$b6(oao
' br$3(rf) B$,0,{.J6o 6r6$Crtu !e5o6)3l,
bh! ECaoL$q,46.
2013 $q{rr !'rbCq'AB€o &Ic.X.!$)lr Qo 653l6oh &I3MOoL
yr^:n
(s
osvrrrr,
idorB
Ed, Je0.r$
a*c,irrclaoll
tsrsslJi6o $Ol.BCDr$ JqTEob J3r60.(l3(rn ap6ft'tnb a}laoJ.u,8(tr
oNr$,rtc' lrlc$ry8c(ril, tsn6$aE$ &ftt\a('dr 2Ol2 Sqrlj 3l alanaii,U Nr19 Uu)6cD@ e'$OJt*JR' 8r6tu1j 3
OqnUOJ e" or0o'- t
$;0'reur. AeESC,tr,l,
l$ a$ w6!8vJ6o lCo'BrDob Jqf,&'!
uCootlnqrodr, !r$Ad$6brfn rdOqJEd,
3q'CE
":Xlyl,
(lta,If.,ale",b o,xrbJt'c" lt$vr,oBNEl, gd')nldr 6'5diJd'd" 2012 V(blr 31 qlna0tr'ot N549
&a\6Cbrao 29.m.2013V aJO')6.{D Agq{tTD.tr tro8rqxnF,6C&s,
qraS6rAr l. Lihq,Agots(' b€D(,oob ACaou€qlgbo(3 oBC)
16rg fuCWr o0Lf,g('Csrb 8 oAoL AAA('1A'v(,Cokl(,, 9o6$lor brffiro6ctlt o6g(16AJ0'r)(r',
ryEoffigq€s arB3c6cocq,a! 4,010 6 aq)6l q'.fn pr $qrry6o 6960o11
58% acDQao6s DQrbJb\ocbol''
goJgbob aofu q6oor E3Ldrgq'C6ob AQ6('ltuC)C(,br aq3c&3q'or 6bt6oq'Eo
aCU',UeCbs
8 oSoU aeAdr60(!6oo)
Eq,cao6o 69645
(2013 9. LJbCq)a$oB('l
6.rJtCoolr J16(')6o)
1,776,241
1,802,000
61.9%
547,707
924,000
39.3%
erarOCaUq'o
o.6,cAq@.boL
1,809,259
3,402,000
53 2%
5COoto
465,043
663,000
10.1%
oaJo6goU
56,808
104,000
54 6%
t7,057
25,000
68.0%
4,010,562
6,920,000
58.0%
buq
EClr6gm&lr &€(r,6rtr)Cobsl.,J A! ei$6s(tlq'Jorri., aCox',a$c Q$t)('6oboo' l'cbC(,aFlgie tgcr$dr
UrabJUJ6dr actsJ{ooo,', hCDOOpb }6c6oo, af5ljo$q3eCq,o $qq96o 6C00J6o ar8BCEClqcDot'
&p$ca.r agu$qxD otltorU((lclr, 0$JJJCory,(', aer60al, p.*r66Ooon qo6CqJqtDdrJ Ar
oAJo6Ool., 8,)AirrbJACSolrroAPl.,.
6Jo accbc6! Ub3r tsga<'ruu3q,cblr, 2ol3 $q'ol-r Urbcq'a$ots(, bruxroou Js6(,6oo l'b8r 636ol.t3q6bolt
Sq'qlr,o bcaar ar6ol,Jte36,! 3m 6qf q'.tf,ob (mEC$'c' t('rq, r 8 o3ol-r aaaoar6coooo'] acL6uq,cbr
193.9 A$ q,J((,I, (or $er.,.J6,o 660dr 64 5o#l-r orSl('lqral- 2013 Sq'oL 8 o3ob A(oAoa.)6C(',lbo(r)
0oboqntgbgqm tsbL6Cbob a3961 1.,!6COoCbo(Xr6oAC0o qor br3l6r3CBo) aOeaCEU
I
ra6oa6fq,o A0grlr00r CSd)e6{lb! 2Or3 Sq'ol, 8 o3ob A('Aoq'otCbol, OC6(,C6OoCboL AroEJq'oLB'6C8oo, 6oq(r
Lrao o(,oL a5fuJ6coe,caou ljltsUd3cq'rtc dqld)5Joq'r0ool, aCo}l'}Qoo 2013 $q'ourdaou Ir505G'!l'5bJQo
AJ&rbr3eC6oU Oolrrqxre6Cgo Aa,OUq'.botr trBCq'lQ aCErbCbrL
Ub3s Sg0rdrs3qg6olr LO6gCOU65
(aCUf€q'COr 2013 Se'olr 8 oAoU AQA(,Ia$)C(')boo,)
.lCorrrloed. lrrJEcf ,CLqrs
.lnCn6qrrsqDAra$hrE!.rrf0tqx'l!6
. lJ6do.Elo (X!'rn€r!o qr lrtCrr,€lao)
eQ6AJqh q$ l$Br ,,\iqdtaoooti!}CqD
d,ro AC0bC65 l,bgJ AC&' r.)Sq,co()l, Orq'JCE|q' JoAJoEC6OCd,, AoSo()CEACboL A3bq'oo 6C6ol'tJ3q{6olr
$q,c,I6,o 6c5as 2013 Sq,otj L$3q'a$og$ ac,'Jxroob Jrb('SocD ar6oLrt(36'r
51 aqf q'rdroL cr('c6(')b''o'
brnq,t'r 8 crl13ou aq.o6oar6fstbc,o, Bcb6,Uq,c6!6 28.9 ac'6 q'v6o($qq36o bcbaou 56 8%) Qr 9 crSob
3or63j6or63bgq,660rLl8'9aq,6q's6oo(188'3%)0Jar5}6bJ.a%oQc6ac6ol,LsboolScagijrSq,caoL
Ao(Cb3q, oj6.> 2013 $qnb o$3.>r5br (10 aq6 q'r6o) ar jmoLo(rao (18 7 aq'6 q'rf)o)'
Cao(,Cl.,o $oq,o
Ao3oeCfuC0oU g<'r36q,oSot1tu Ao6raoJ)(2013 $.)
r l})bCqa$ogo oqJXJOoL a(Boarfurbo
18,706
.aqbLr,
"{bCr'Brq.
Ar,le6i& 3. b,tb. sogr(rool, ArBoQC6QCbob a3bqx,o, aCarLr3qC6ol,
lrrffC,.rAeC&rr, rrma b!fuq€$ogo
)ASot$o
gr'l30eo8'Fe6o (r'6!AoJr (ro) ro (,56())
qrEoQCE(oCbdJ &Jbq'oo, AC&lUrAq'C0ol't
q.or6g663rll q.o.) 6Xl.,5Uq,Cbruor6 qoBrSao6Cboo J6ljCE3q' bJdtCbCbtC 2012 Sq'olj l,rbCq,a$%'
OragSgolr ACUfUqlooL &$rW LrUJqfE A(r sgqr$ob U:abbgtrrrL a(')bbC6CtuA"o Jeo6oa6r'
$6&rA, .r(ffiJq, o$r
C6,orl ft6,c8, $qrlu 6^:6fu3qxr6,)tso rA ACbqno, ACbAoU i6uC0rlon
$q,oqTbC6o, 0g(96,C ab6o3, S('oU 0smrSqmbr8o r6sorr6.r0$boaq6o
33lt6pq'3boL $36q35gos'
r*c ac,oro<r,Cbg() ofr,6'(')a 2012 $Cqlr rf) tuO!6CelJq'r bsbCq'a$og(, $oq'obt6o3o 0o6s$oq'gobnot
AoCAC(r, U,)$.troC8ot $&)6At ArACoob 8r5J$ogCSol$
8
('! apA('lUC6c&,U AgUcbSb &6rqDA,CbCboU
6r6b.rygoll Ar tiqlr$SCOr{T0oU &qgaoU 0ob6oor fuffioqo JrrAokmll llb(mal' k q'o AiJ?q'o
Sq,olj 0J6aroq,(')8rdo b56octcb.,cD brtlos(,,(,cbf1Qr 2011 $3q'U rQ6oB6cq'o JcooltooL
6!q'r$$c0o('cbob Egl-n63qI0.rg l$b3q'a$otsol, ft(xrb6%o acfr$oq'crl6.)(,, a(,Cac(n 6()0(,
LJ$rd,Argbou 2010 $qrtu AoACbob DEJ$oqX0oU A3bob36. rq,EtrCq' l$Jodrbor!6 AJJtgpr6C&,o,
L)gU6rqqCsrD, 16o0 2013 $q,olr 22 ooq()t, Bsorvt('c ,Q6oaBJq'o Jgfdrr)l., Lb(Q('ttu, t6,raaq$cg
a!6krq,3q' rSc lr.:hq€sogcir ftq,o66,.rJo A(r6r$oq,C(r6oo qAC(n d,oao L)Sr6,A(,Cbob A(,ACbob
ai5)fi,q'cb$'d,56 erJJ3fficblq,o l$J.Jo,bcbo q.o.r 3reSolxnlr &lco ao(cfuq'o 6t(t$$s6oq!Bc6olr
ECbrbrAo[,rqo, tDhC€$oBmU $oqx'rbr6o3o &!65$oq,Cmbool aoj63q.o 6o6 lr.)$r(ffiarCbo,!6 2V08/2013$.-
03/09/2013S. J3d,.x'reAo 6rgcrr66363q' o&r 10 tsCol6bAC0r AoNaoL 6.:5s$oq'Cbour Qr A<'t6CboL
Sr6rB,q,Cbolj aCLiW 3nC vr,lrC&3q foo,r6MC636Ao 03q'oq'JbC6oL ACO!6oL
os('lbrtC raruor56,
&o63boL 6.r6r$oq'9bob $Cbob ACLrbCb o6U66ryf6ooL
3o0ot.ro.>0 0otr,:68g$o6ogrp 0oo86o,r $Oo6igo
Egag8sgbob aotEoo bla3ar(') a69gol-r 3g16r. t$hq'aFao J3qr,oob U$a$b5 '' ac$hk'o',
tcar!(6(tr'Je,o al(9r$tucor,($! ffi36cqx,3J6oc 6ct0E{"0 u)bc(€s(att| b''S'(,,qqc0ol' 0)@r'
oLC lrlbCql€0(,ts(tl k,JD(cOAo ArEoAC6(,C&t, AUbq'oo, &,eCbUe'o fuB<'tb|3q'C&'l' qr696ftolr'r p'r
ACu{q"Jg0bolr.)oBol, o,,Jaor, aob6ilCw)q'or &rbQCb &)e!6flq'o 6rps$$3goqIh0ol$
b!6bJS(3&Jqm eo6olJdoCbCaot, brMOoCq'CBr 5o6c€rtt3q' 3J('CSo,
q.or
610 Sbtr'UfuCfts'}gl''
rq6o06gq,o 0o0.:6rorgq'C6oo, vr,UCb0e,o br6SCtC6ot (o56Cbgq'o6C6slj
6,10 Eccbcbr 6c6OrL, 2013 $q,()tt brhq'a$.alll &tjftrootr 3J&'16oor, tfufuou aUbq'oo' 0doLrSq'ol'J
to't focbcbr 63lv6UE'cbru' Urb5ffi(n
Sgotct6o 660.r l0 aq,6 q'r6ol, oq66okr: 0J6ourbqBf)r
Lrat rbUd)olr o6go6ar0ooo, 2013 $q'd., 0rer3qmLso l.,rbcq'aFAo DoU?OOEo 6'c60ou l'ibocr'
&{Ceg(lo oCarL€qdol, ArOUqrnO$ ACo(,Ao6r 5.1 ae'6 q'Jd'o q'r ft'<rytvn SC08d' 6l%'
Egbb.:0oU,>p, 3xodq16r Bsoo4rq'ob, 6m0 2013 $q'obr6oU 6r3fuoU &3\'oor E9&'rLts3qxbol-r
ts3l6gq16oL ffiAo6J6Cob! ffio(,,xglQ tsCtr50r6olnbr6or brry136ou 3$<n6oo)J qr $!6)0rq-J6o
ar6EJf,oo, Aro,3rq,cirB6Cfu(' ACAaJf,
arfuC6Cbq'C0(r,r6 6110 AmbCAJ l,O6IIbgf''>1, tu0qn6')6C $q'ob
8 o6ol-1 Oq.o6o6rCrSoko lutp\xnbou qoOCEbrnU &OCAoL [trts!l-v3r'o<r' aog3aUCt A;Anu'l3qtbo
Orbr'bo&, Jo(.oo 3048)- 6 aE6 q,r6u aJ 6fEoob aJbq'oo
AC,NgaC6b.
9
aoeCboq,o fu6otD3q'3bolr pc.ooqgL $oq'L
l$Y6O
t 20r 2 ftq; -t 2Vl3 SJqrl
8oru
qnr06r6r l,"rbCq'8$(ao &'JXCOolr 6C6Oob AE\r,o, Bir€e'C6ol, An6.)AoJr(roDUo etr6o)
lrrbCq'a$ogr'I b€DOOd, L5&ftrOC6O.'I ECaaii€q10oL $qr,"3tr,o 696tu 2013 $qrll, Lrb3gd$ogo
bogxrooL 3.$r'16oo1 6.$olr:$q3f,J l 1 aE 6 q'J6ol, ax!6cs3. t6.rg ts6b38r &3ltt63q'Cbsu 8 cD3ob
ae6otur,caDoo,, tsJ.Jfrb(6(ao &Jtj(r,..Jq'cbr 7.44 aq6 q'!51 agrrydJ6b. 65 qcbcbt L5J6'jCll3c6o(,
aCarUXqcO"U lrJf,gb3f,ib, UA.{dr, F,qr, a<'rqnl, lrrb'Jq'6$(E(,l, B,qmb6%o A(')6r$oq$')0o(r,
aoja3qg Lr$r6ac{b15c oJoca3q,o UCubCboalb l$Jt6eBCSOo fu&nl-tr3qtbfu, F)oaq'oL xra36)ar
arnogqxrL)a 2013 $q,oU 8 (r,3ob a(,b(')ar5Col0oo 3.58 aq,6 q'5dro (L$6x'gQp SXAoltr3PCboL 48%)
43.rQ6o6,' l$b3q,A$.Ao 6rryp6ob mo6toq' qo}rtooobbs A'r r6Artr,oaro$C tcngbgq'ar
b$6ooc6o('I EcacrLrgrq€! 2013 Sq,olj ra3oboou o3d, a(rd(,ar6c(')boo &J"Q8o6J x5ac6.r49 2.2 rorrbo
CPr6(,
UiJFrrOCSOo ACA('rUrgq,Coo
ll AJI6O
r2012Siqs a 2013 $rqn
qrr.r66ra.t. lDb5q'6$ogo bouo(roolj t!'Jd,a'oc6oo aca')bJ3g'cbol, Q{sJaoJr(rorl'o q'rr')o)
6sG aCobcas [r.r6j6ogsL: qrs asr6ofubl.r,2013 $q'ob lsb3q'6$ogo bogxroolj 631-tsbgb 316o6oor,
br6j3oCbob AJbq'oo, 8CAd$3q,CboL ACbaS6o ArfuCb3bryrl' a"lrUC- $qrlu or3qo$o6SCqn
Uibqggqrde
3.ffir al.,oabJa, 0,)6ob5$eB6r 100 aqr6 q'r6ol' o('c&nk'o' oJo a$har aguogrqf,t'Jr'
2013 $q,oL
8 olr oq,actArdrCa6oc') Ls6COoCbq.o56 &t(CoUqa) &J&rl,Arq€s 83.8 Bq,6 q,!6,o(SemU6o
AC0BoU 84%) qor bbg.) EC8obrgq,Cbob a3% ACr(radr. 2013 Sq,ol, 8 oSoU AeA('as60(,boo)
ra aCbq,ocr)
ao8oq,obC&Ce,o ACAob$q'C6ob UQrag3lro Soq,o at'(nL %q'ob-rAgolrooU fudrr4gt3.
br6jgogbo(pt1o03bo q.or lrsg6r396o).>o!bo q,r6o
72,O75
|
$f15
.2012Sa(h c 2013SKn
3. brbcq,a$ogo bouxrgob 6ragrbrbqgxq'cbo
lr.rfuq,6$ogo boUXJOoL AJAir.:bACq'CboU X!A'J6o &r6fqx!6., 2013 Sq,oL lrfuq,0$qo
bogry36ob 3.:6o6()o1 6.>6ol$tq36J 8,748.5 aq6 q,strro[ oqrgEobnor, k'rqm 8 o6ou 6('8oal6Cdrb.,o)
aCUd,UK,cSra 4,603 aq6 q,r6,o(Se,ct36o U66oL 53%)q'r 9 oSoL acaaoL 72 1 % aJ6c9bo6r. rarLoJ6,
lrJb!'bo6o l.,rAbrbU6ott o6ts(')6aJoooo, b#Do8ol, (gr !6,!go6r6lrJ6o r.&)qCDob $f,AdJ AJbq'oo,
ArAJ$bACgCSoU ACt
(rl/Jq'CbJ 9 dAoU 6C6a(lr 7a9Gb q,! 529C[, A$(,4061r. Brdrorq-J6 AJ6SC6iJo,r6
63lrsbr0olrobolr J6rq,otobJt
, lr5yJl(,JeeC&'l:, 6oa 6x'r6ox16 393 rqo6o6s, &ra(r,6!f,J $q'ob
A,)EArgqxrBrAo l,JbCq,a$og(, bogxrooL $r6orqur,o br6$CFr.>Eo Arbb('6ooq'C8C0(,o
6q,nq,9b30oo, ANJUTbACqCboL 3.:6grq1t6o 6603bo Jotfu3q,o A! Afl't6,C A.r66q'olsor3olt
q.orJo6.Jbo6e.) q.os lr.)bCq,a$(lB('l ktlxCool, $sf,6Jql3c,o &JtllfUq"6otJ .$6.rooa300o rL,,)bJR oC6r
3orfufr)o63bgq,o 696ag6o A.$30EC6E CBo. bJDgoL $J6OlqvJ6 ACAArborE Ao0r6oCb6o
6.r1.orLsbp3q16olr 3o03c6C606aob folrd{q,Cbr Ast6Cfuqrls 6bt$oq'Eo.
lrrbCq'a$ogo &rJ,(!Olol, OpqoirrbQCqu8o(rorlro q,r6o)
11
3 o8c
ld,rAoE161106.,
1,831,066
1,351,078
73.7%
182.112
87,725
50,063
32 9%
94,106
62,410
83,834
g9.L%
71,951
69,266
95.4%
sCO%Cbob $6)ar
9o6r6Lg6o
134.3%
rCO%C6oLt6e!
g,rqKEDrq'CbCSoLr
96.3%
3qc6r
6
brfrxCoo
r68o6r6lrJ6,0
rJO.r3C6oU
otc
3,551,460
2,957,463
2,809,894
14.9%
95,0%
394,937
188,092
159,3r8
42.9%
90.0%
287,479
90 5%
t6ar
Srq,eClCqCOCSol.,
JgCbJ
95,8%
75.6%
c,ro accw5 DarljsbQcqlcaol, oreJccq'o J(tla'loftEdlDotr (rl6r6oJrt'' 2013 $qT tr 8 o6oU
aAa('ltuf,Crooo,
brhq€ft,er'I
lr.*3.rqxr oa('ooo arfucwCqr, 478 6q5 g'r6oU
E3,rq,6g6b. r0rLorr6, oPJ BrScr6q,oo, 16r'10 &€qr,6v69 $q'ob Urbgq'8$ogo 6%XCOoL bJ6XCboL
0caaoF,o tuB3J6cscq'o(7,24E aq6 q'v6o) aJL6tCqN'c0r,
aoSoecbo, 6(,a 2013 Sq'oL &tq'(j 4 oSolj
brrr{goor, 6.>goq,ott l$&JDq,o o,3qJi(,o asESceJbCeo JcF€J(rl 8 or3oU U:a3oqm aft3fuhq'U 1 8Xr6 Ar(o55}Yr,bC0lj.
ItIrt-!Fr
800,000,000
700,000,000
600,000,000
500,000,000
40o,000,000
3m,000,000
2m,m0,000
100,000,000
0
10 11
qrD6r6rar. ll6bgq,a$o3o 6('Jx,Ool, b,,((rxJbob gcB0eo8.,C6o C,o65aoJ5(2012-2013 S$)
72
12
r6rq,{t)6.IJ6o Oc6QC6oo) 3q'o6Qcar v65tso6r6lrg6o >j6oggEob bf'poL aubq'oo brQrl'rbQCq'Cbol')
r6rq,o$oo!0. yr6&'rp, 2013 $q'olr 8 o5olj aQ0.qA.)6,Co6o(r, lrrbce'A$€o 0oJo(loolj r6rtso6r6bJ6o
rCOrBCbob $funU Lrl&3oqx'r cr6€6rl asE3CECbCq,o 38 4 Aqf q'rdrot' A3'>qr65b fllo16, ory
Broooqr)o.,, 6(ra &,a(n6rag $q,.ir Iu6 0fro(r' J.ffoo, 0J6l$tQ3lr'C(,o ocaEcir'o a)83c6cacq'o(720 9
aq6 q,r6o) acb6gqK,car, 0o3oqx6or, 6<'10 2013 $q'ol,6<'rqx'r 4 o3oL rd)€o6r6l-!Jc)o DC'JogcaoL
$drqnL lrreJ.tq,o or3o3Cro 0r8g63fuqn Jol6$q'o 8 o4oU ltBgrqx'r arBSC6CbCq'ti 2 7-XCf'
DeJ{51c,hbtt.
l.rrbgq,0$ogo bogaioolr .:trrrgo6s6lrgt6o ri6ogbol.t ttr4-oc
140,000.00
120,000.00
100,000 00
80,000.00
60,000.00
40,000 00
20,000.00
0.00
189
Aolb6IAr. UlbC('a$ots(,' aoUft,OoL rd,rtso6r6l,U6o
rCoqCbol, b6,AoL aUbq,oo orArLrbACqCboL
ual3cE o,3ogi6o QotrAoJr
tca(t).r(6ffiUpo Oc6(06oocbo acbrdq'r,! ao$()6J0(!0b, Dl'oq'o Sq'c6ob aumuca &'44K6560
&'rqml'r ol' r2o6ol403qro
$q,ol., (orl$u+Cel., &QJUrbaCqTdJ $d,Ad rq'6ro'o65t'c $q'ou
Usbl-rrrrgbob ArUE6sbg6o b.>tilgj.r 3o, 6(,6('160 2012 Sq'oL l$boq'AF'tso b(rJxcool''
Ulbolot
Ocl
a3UdryqgDob dCurbcb aor36clbob r6$f{,8tC l$bcq'oB,go rUPoOol, ba,rbgdnb arb\690r4o6
r((,ffir, Cffiol, 6,ClE6h6otr sf,rCgdoUf,rA Ar s65Aob6o06r6q-o Arbrf/X3ol, 6oL3U qu
0ot.r6d3$o6rq'or Co.t],rbd,qrA EC&JorgACb EdrSo$Ao, ftqoCq'oo gtdPJfucq'gogl, Ebsrrx€o
US$h6oU SoC6, Cg&brr'6o rgr Xp6o&r3r6o bvir€olr5or39L CACQoo,o
l,OoAgq'C5oU &J66Jl'?'
' g"U3rq'C6o Sq'ob Aslrrlr6tql, lrrbCqaFBo araqoool., NTTXJDoL r6liCSoo t6Q5Uo'$ Q5JEAoGCAU('o
6ouJcbo, sbcac ,rp6o@9q'o UBooboL Srar$g3cooL l,oc6orffioL(! rr6sC0oJoo' aoqc8lq'o orq'JJUq'o
accJ6obac6o 6r6boq6q'or lrrbce,a$otso srqoool, u!aL5uc6)oL JcaqoJsoorao "!Lo66c6c6oL 8ra!o)6ou
Over)"
3gq,obsaolroq,pbr SXdc-o6oao gou3rq,gd)o $q,ol.,5oBou(Carry
13
3.1. 6r6XAo CDEChAJq,ChDo
br6gCtCbo Sq,.,6(9Cbs 0b.i+p6.r3o q-os$3u0eUq'CbC6ob 36oq,3o lrbgq,6$q(.) 6o913$olt
ar(orbrbeCqtaou qorbCAagrlr! (o.) ACbdJq,CbrLo)rE Q$sAAo6Cboo
4 06fo.r3o rd,lrClJ(,(, b5{'€C9ocDo, 6,J0 3q'dQCbr'
gilod8Cqtl, $'rg(,dt)
gd,oro ab6,oa, kry1x6ob a$scoa3dr &rxrccuk, fostf'c e6o3, $nr,o,Jq,Jlr, B$$cf,!oo
6,r6k'ro6qqxogqn m(,oq$c&,or. ar0rq'.,or(.o, 6,oa acaobgcAC8ad @q'JCOq'o
S0Blrxra6.raC0dlor8d, 0$&CUS$Dc/6CArx"6rq€6o ('!futJCegq'CoCSol$dryfr)
arerJJs$f,Ctr 0c6o6rq,o$cDpJq,tA' do6()olQ(, Jt6o%6*,1, Jr,6EC0Coao q'r Eq'd s!6aAqx'Lso
bACbJ 6{.o$rft,e,Cbr AbbJOd, CACJfx,S6.qbt3. ar6rq'oo,r(9, Xr666ocqx,bo[,] qor lxeoorqt6o
p.r63ol-r l-r.r0o6ot.r66ou Aod6 bo:rxfoolj q.osM6a3ob CO5,ltoC Orq'JC st+r oj6,: q-oogC6C6cod)Cb0q'o
lro6o,rq,gt6o erMr6C8ob tsv60q$Ao d,CACx"6rgJ6o lr3rot6qn66rxr 0C6OdrCAoL 5L.rdWC6".
rq6offiI("o xs&J6,o os6bs quQlqqs lxSorqt6o &'raurb36,c0oL $r6rJol., rl.,oa6Cbc0oo,, k qxi
$(,oL 8r6ar3q,r'rbJ8o 6ol-ro 5x.os6r$oq{b,t 6r6ktl60ocqrer aJ$Ul.iocb3q' ocbarEo o8q'oq'cbcboU
ECODEool. ad(n656C $q,ol, 8 o,3ol, AJffi€q,r'rb'>Ao sq6r€5gq'o Arl$Eclol 3BC 6J6brl66oCq'Cbgqor 7
o3qr)q,cbr lO l$Jcmc(r)6J0(xD 6futrnbo6oU l.rrbLrtCbob Ara565Soq'C0oL A()$6()0,, XlAg6o
0o63q,o6oor 2,888.lsodJo q,#)o. r6Jqxtaou6Jqo' oJs(gJo3ol, Lrao6ol.i06('llj "63ol6rgbgq'o
drq,Cbol.J A'brAuots6olj EC6rfJtISCbob
er roJQq'CaoL Jf)o06JaoLro,3oL(36o6. 3oq9o 29 0l)
0r6lrr$q36,"Jq,., rl.hAfubga<att :UgC $q,ol, AJ$$gpllih-16
11163!51 3rq'r6r$oq,C6Uq, rrSr tJrbu6gbo
brggolro brAbo((a,{.' (96 UAre('CUo lr:Ab3q'c,o 6J6.)o{'CDob J6o66r6x6oLt AJJJgobrbuCaqrJ(o-
xJaJf)Je, 6,912.2 JosLo q,r6ou oQ06obocD (2013 $q'ob 16 os536oL N"4/11 $Strroq'o;
b.rt6aorq6o6fu olt 6qrlq'36ou 0600r NB).
f,ro amhbJ aClng(,cool, &&r6!du,,brt , s6tq,otoo, gqr,6('C0s er5J(,c, rosd{& , Oc6('C6ooc.
XrAJ6rA, br$o6oL ActErOCaC0bC
8 oAob AASoard,CoEoo, roSolrCbJ 9 oAol, 6gb0ou
5096-$0 6BqtCtU A$(!,a06lr 3frt06rAC0ol, 2nGouoo6olt(s3Oon-l$bCq'AB)goCbt6qo
arertnbgJgCoot, Affi). rAJLoN6, orq,Jru('o &lrtfJ8C0d$o8ob, 6xr&Jq'o,E,3drro 9 o)3dJ
tuerqrrr, q.$rq,o .) oh6oL OC6('C6OoJ
0C6tulr<rlr6 af!t6o{8t&, ld6oh0il ar83CEC0Cq{, 509G1h
3q'o6erbr Jfx"Ad,J6oU 0gA!A606Cq,o $9':tvrr66rQorfxr3olt.t6an.>q6rf6gq'.,1., Sro3rqoL$o6Cboo,
bot66o6qa9gbr G3q,oq,CoCAo A580d9OCeJq, $lt6Or(iJO $6ftlr,$(,.
14
ar6tq,ooJa, raEoffig(r, Oc6(!,c6oo5 3q'd('cD.t l$Cr6o,€Cg,l, ad'o8ol', xr6ad'o{qmDd'5 a'r
Iro6rrq,lc(6o qor@oL, Usoooot$tteru oogq(coob aCbdroq'Cbd, SoEA(5vf0(,DoU !6'{r'too'!o Jcf'&!Q,
lrr$gr,L,o $r6OJq-Jd,o 6Sft6oor 6i0tttq3frgqn
I $J56q'rrl, 66arp0 a3ltoAsaoU JCdxx'rQ8o
€oaowcq() lrrbb6cso 59,957 s)JJo q'r6dr (,,acer&,o, 0ial(Jd6oq' qps II $v66q[b 0c6tuao'
b{,q,('l tu63or6C6oo r6.)qn0qo{5sqo 6C-[I $r6oq'oL ACbArEo 6r(95or6oq' oC6! II $J605q'Eo
J"JoBoLCSCS, b5bL600o- 55,711 rorbo q'r6ol, (,(n&')&'o, X!a3a{9' ac€qr'6nr'3 $q'd'' 8 Cr'3ob
AA0orarf,3<rb.s, bJao6dr$6r'i., rbobECbCSoL rqBoLC6ol, A(Et'rar6'Ccl6r ,'Ufinr'o'€Cqr"l' 2013 $qmU
l$bcq,a$o8e) 6ngry1)ou ful$b96" l$jJr6orflq'(,L Jr6o6oo, Lrao6oLo6ob5oSoL QraoJoocblq'o
559Eb
GeadrqlJir'j
Sqq3d,o b"JXrOob(JJCBC ArbClJOCbfq,(, $q'.,"J6,o bCbAoL) Ab(,qm(o
Jo63C(' 6'o6ao, rR6o6l0q'Cr'r6 Q$530dtcboo)
6.frotr.rtgq3b.:ao \292,694,433 q'5tr,o) aca(.OfEU.
l$gp6r('qC0o.r, 6o0q.oo6r69 $q"1, o36ol-13o l.x'r6orqt6o/X':6q'r$ol'' J6o8656C0€o
6rbe,6oocq'cl/Je,o
aCL$raoUrQ &rc?€Oao bs6b(t6oocqtD3E o 03g()q!0cbo
$Cq,rtC Ar,(n 3or6gllot960.r &,6(x,6J6,C $q'oL 8!6a)3qm8rBo Xtr6' q't'r6oU QrteSCgoll
J6ara6raru E6bo,6o03qog 2013 $q'ob 8 o4olr 6r6d>3q'obrBo ts30go69buq'or bgq' 76'485'500
q,.rt6oor Lroqs6.rg:
.
49.4 aq,6 q,.:rrn (65%) aJ(,!O')6oq' oj6.r Urg('}30q"o,r(n a$86orgqx.|6oU qoroSob J6cl365a$o'
dxn03q,o6 q6olroU o)3cso JaoCacaal
ar ('r$3lj&!&ff p5tul-ror6(48'281'000 q'rt6o)
Arldr6o{6l8o &€(rr6.frC JCdrxe(nLlrr6ob 3596rlolr.> ro6ou9}3q'o
.
5.5 aq'6 q,r6o(7%) 6.)arorSoqb o#! 6cac6'rqrcf'o Jrx'l66Jaob rb"66c0003o 83Lcb>doUo
br6C(rlgo6r.r ArMrSCboL Dl,6SCarQ, br0C4png.frq qolbAr6)C6oL abfi6S6q, ar'rCsq'qbor Arqrq'o
AcraJt(,oAor5('l6(J(65 AJAata(rEJF,C.
.
2I Aq,6 q,r6o(28%) Jo AJQ\)r6oq, ofir UrA3qr,6o5o Ar$CbC&JqEbJos 6)C$oqt\)roor (95
!e}I63ob J6r'rb6rrmsor3oU, 6o0qrrlto6ol-r &€(oo6v6C $q'ob ArmJ3qlobr8o Qrbsq'o
.>o3ol-r36ou 6g6q,Cbgor 3q'.,6(.CAr.
J6cB6,rsC&t &,bCRgrrr qcorq,o rorSglrcsol, OC6c,c60(}., S(x,6('cbr "U")EcQooc,6o q'lhhqJq'caloi
6Cr8q,qJJo(rfr., (tr rQJCf)Solr" Jfx',86$drs'3olr. 5e6(ffiC('o J6o06JAoL l$boq'cto oreCACbrQ
b56ljrt(g6gq,or a$ad,o6qx'Ibob qr6dr b\l6cljro6oL olrSor Jt5rxot6o$$3q'o [t':3oorfu6o'
6o6o63bo0Jr: o69g16(136o Jroxaqxn6oolr, tsoqglml-r.r qu 3q'o6o33tlo o&36o9o6ooll oTEJAC(o6oAC
15
bor6Ay+,000( 6gl,J6.$oljo lrs63g6oC6rr-l6JCoo33('o OC6O6,o; ors6$3qxtrom ttij56As6,0Caob
ECLrOraoLo Jsoxrq,o6c43t6o q,JMrocl6or; CaCSr6tAo Cqtdo6(,6Cq'o LraCQoOo6c) Br65$C6oL
LobOCaoL Ab6C6Br; CaCg6oLso8ob lrsJo6oCboL Eol.irbJaobo J5ooqxe6ooL (016ac)lj q,JA{'6r0(.l6o0q'o
Uo0dq,s36co0o. 6.rdps tc&ro B.ajo.8q'oq(, l,s$rxtc0ouo, t0a$a6'tr"Jeo br6rft'q'coou ac(ocara'
J6crb6rAoL b.rJx,O0o QTAJOCSoo ffirf,cr|Jqr, 21,585.5 ro[l.ro q'rt6oqo$ I 1 Aq6 q'56o
p6bsbQ34ruq, oC6s CaCU.)brAo [r.>l.r$Crsgo o.rq.or0ASbXqo lr.r03qoogo6o cgrbds6Sbob 65gol60oLt
b03qr6o6ro QlMr6C6oL as6Cr556ol' 220
bs6urbo63o3q,3Bq,rA, JC6dcrA, b5b$6,rg<'r a^lqorCQCOCq'''
o:pa6i 8 CrBdr aQ0nE!6C(''&E' J6c'06rmr s(,Boh0r
OrC"o LJoO AJB,EoL 6CLUC}A8ob 0otr6oor.
d,ro 6r,18&Cts rgCECbb aoa(o6r6C $Cq'l'
6CA0oU ebatqmQ -L oCTQACOT'
erVJbOCqOq,o
qaere6o06"Jq,o aot6Sbob 6.$kT t66qq18.it.
t6Jqx%qcir,o O06a,c6ooJ 3q'o6a'c06 bradouodx'l' bb35 J6o0f'rac0ob arrg?Oorf' fuxicqt&lr
ljctoosq-Jf'o (''l03olT QJ
J5{'o$ooJo. Joirr&{-o, 8 %oU aQ6r'rafc(rr*ror
'Jo,3(.fJCbcq'oJ
FSar6ogqxnboU qr6ob Jr6<'6r6.$36(tr S#,Aq'CS0o 0,)fud'oqr' orq'Jofq'o fu38t6<'r6t6r03boU
dna6CbC6o(ob. Ob6q,o).
er86r@lreb qsr,Jlll3oldso !dll'JleE6! .)CoEr&Dc!4
o$&r
&aJ6c'af$
zo'm000 1l3mm
:Sozoro 9a3- l-a3a.J$mt hq'affuoo.U
CaaJdr.6i',rar
35oto4 dd<.'Ar&aeA.6ourAp.Oo5.tu€w{Etrt 1,0@@lo t'000'0om
[x]4 000 00)
g$c,c6,&q"$-€ol,
(12'3m 001
.
I1,@,0@ ml
JJc8c, ('J0rq'o ror3ob30(,o$q'(,io6o 65aoU 5-14%) bJUor"'(06J J6oa6raob "E6oaob'
x.6a6orcq'(,8dD er U.',o(rtq€6o arrogrfu Jtrx%trr)acoofr arooSr" gso6q$ao sr$Jfr,qo
SCJ6<'rA6sSC0ol, Orq,JCUq,<r JoAh6CEOCDo(ob Ob6oqr,).
!$aEeCDr !o,6*a6s(%)
e$O,rEClCqb
6@
30082013$
(E oB.n 8e6,)
5',(
10,589C0
19,03006
16
J6r('o8o.$,o OC6AC6Oor SE,(,EAC&,
0s6ro,q'C6olr5 qor ECO6oCf,CDol, l.,rAoEoLOdxDU
6oUX$dJ 6Ctiqgq,CSol,, r6sq'(,to<t JO. Jc6d<'rq-o, lrrfuoLo $rd,oJq'Jdr, bJ6SC6,oo or6lrrk8eJqn I
33,547 7 rorljo q'ri6oL oQc6oboo)
$56Oq,oL ScaaoQ.)E eJLrbraol, Jc6ff1a3o rUo3ou363qrr bcbl-tt':38o
blarorboq, oCEJ II $J6Oq,oL h164.)ao, boqx, &n53or63boo .:6rqx'r6ogt6'>q.o 6ylII $rf)Oq'ol, 3c66'58o
38,620 1 w;sl-to q's6olt o(o6oboo
breJo")5oq, o#r n $r6orq'3o s3o6olj3fuq'o bru.x(iCaoxJaJf)re, 2013 Sq,oU 8 o)3ob &q6socacbo,, l$ffiol,O6'(')b 5Lo06cb36ol-t ts31Jl6pq16s0 i.or$Ul'OlaUq'o
57.72% (392203.91 rorlr, q'J6o) 8crQ0oEJ 8 o3oL a(ractard)cc'8od" i6oa6!acbol'' fficQ3oo)
660o1t
(Dtrrqn !o,3oljcsd, Oc6($oos S((EQ0L, i6(')BCtx,l3qr, 6.r6tcr,q'cDotr) aJ l's0r6a!&)o'q'cDqx')
eJSCLC&Jq,CSr(rrr o6S6irO6"JdO06.f
! Dftoorrtr,Cbol, J&%6!aCMo'
ASvdrJO!,J<€ ar6ar
(&,16.'Df xBo Ar$6Oc6.,1,
adrlbJ(f,45
32
01
Ar!f'Jq,JO! 8
",€ri
a fu(TA,
A$-sCb"l-'s (D
bJbC(aF8o &qtooJob 3Cfu0J3J0r C,t
$d$,5(9o bl6Jo,q'$,)
g€lqE Ctuo l$&6056$,q'Jag'r So Ltrro&,Cr'Pt
a3Lfr3q,CSob qo.$sq,o arBgCECbqlCSo 3gr$aC65 g0rqq,Ctn lltp6A$lolqCbqx'l Qr UnACO6oCfx,
$q'gag0ob Jftr6d,raoL g.:Or6q'Cb0o 6Jfu6rtqm OJq'JCAex, fuJth66,r6C0ob rlrr66Xfutito(ob
(9JJJ3ao6c09q'o ogol.,
6br6oq'o). .rq6o86gq'o Oc6ec6oocbo orq,Jccq'ac6orhJtsc60o acLrdq'cbcq'o!
or3.y9 Jr6rn66rarlj ao6J.)6Lor.)6 q.r U3$<'r6gt6<'rdij(,,r6, o,'Joo! XraJ6,JA, Sgq06,o AJt"JrOc&Jqn
N5&rlr 509o-\ 6s3q,CDo) J(',3d,C8Jq,o lrr&Soljo6xdr 2GtC AJO &CJ6( 6!6rA().
qlrlJl$0&JeorjbA 6difuq,c&)
(oot6oEfrqo
8 oBoU
8ClrlJq,C0)
(%)
atr$6o0olr8sBqiD) Eqry!6sCc$.D
32 02
rl
fnObCqD l$b$Aql'' albaroob (,rfu"d3r ar
32or0l 13 Utuqq'Jtob.va,)64!6Jd,qf,0(D
1 98%
17
1,146 34
(l)9C[abJq,C0C6oU bCq,AC03c,6.r -
l$Csl.sacqou Sr6lo,q,C6($ qs 0CO6<,Cqbob
32 0l 02 6,{
10t30
0 00%
32 040305 ACO6.,3lr[6oL sq(lACEr A5 Sr6S@r6C6!
32Oa ().
q
1,887 80
000%
(-docrrl$dlJ6.tl Jt'ir'a6rAC8ob AEU(6f{Sr
(,iDrq,o soEoucsd, Oc6(E6oos 3(rl6aODJ t$dltqosJEot' 6cs(x')E9qr' 8''fuoo'!@'l'r q'J
dg6JroedoUdnl, l.,rd(l6olrol6(,)L 6oU0UOd, &$r,J<Tbot! 56t(r,$oo'!0, JCft(rQ, 8 oSob
6qQ6o0rf)C<nboo la6o6oL$6ol.J rlobbCb3bol., so:3ol-r3t* 9 or3ob 6966ob 46 6%-L, boq'o $qT 196ro 5560olt
- 37.3%-1, ts r(ob961.,. r0slo.>6, gsq,ggq'o Jdx'rad,racaou acL63q'cbJ 6 cr8oL aQor.ra 6coboor $q'o36o
igrtg\Ib3q,o afbaoL 20-3096-U 3$oq,r166r(ob. obd,oq'o). lrsffiottodxdr 6Jmrfu0boo', ror3ol-t3bolt
tCAo.)e6o6ler, 6g6eC6oo,r (orJr3ffiC63q'oJ bgt6or:6r'r6ol-to fi6p3O98oL BrAq'oo)
(ofur6slgrra3frg3eroLrr (o5 ltcl6c1AoJu6o BCtrrdq'CBqmbC0ol, brffuobCUCb! ar odoqrCboo)
prgo6.:6l40oU b3q'BAl63qtbCboL pr
Ab(Qrr(.o0oq'C83q,o Jo6gboU 6brFrc9.>]36r), qo6er6gborr6
ljr€EJ6Cbqxi J(''qy,r*)C6ou QrS3orECbcD bCq'A('|FJ6o<,, ($gq'ob ofut6sl-t66rg[13t6ou AJ65bq'C6ol'
J6,('rfb0bo), JOq,OUFIJq,o a3a$oqx6Co0ol, gct6$br (6CO(m6"Jqr) AJfuoo,r6Coob J6(9&bo 6r$oq'o
I c-or II -odgtfuor qor 3rb3on) g,r oCfoL3oL tsC6oA36C6oU &At Jfx'rdoC6ol, 09Bgt69boor (agbCo'ob
1.,{Jbrq)obr0oo t}obocoou 6Craoq,oorgrnu Jt6oXl)o) a.! UrffiC6Cbqx, 006QCd,C0oL bgq'rbrq'cr
Bror6Cbol., b$o6,oCoocr, (AQSd,rg, 96bD6"Jq'o O6r6LJc60ol, 6s63crorr636ol.t l-r.ro6gltt6ogoo
J6<'6dr,>&).
rrna6!&J(b
ai$qqTar
ll?e
erb0lr00&3(t
JOQO
lr$Jro acbd,Jq)cDob
% Sq,nfl6
Q)}J$[a0s
ajatutoti6
ofu'(rU06JdOU6.l.,
AiUaX.,aCbCAoL eosoL&,Jaca1
AbCod, AdCbJ5qtrt er aqq,r
224 4a7,3
!C6"b3,
84 338,3
25 02 03
25 03
('r A36.E r3!(r3fb
's36mEJc{
oog6rlof/JdoJird.r t5C$.{.dioor
t83 407,0
29 008,8
.fuq,c&D al($(,ao(laJq.
85 310,0
16680,2
29,1%
2504
25 05
J.ir,.6dr ab{9(Di,trrD
Aby6XEo Ar$CUCBCqXECbol, &,J6
d)Clrod,lrCDol, aj6o,3 10)16 QrJ!3Eo6C6oo)
1r5ffi6J(,eCbc,!, "lrrbCq'6$ots(9 OCI,doABC8oI., aCUlbC0' l$Ctd,oBcqmb 3s6o6olt ACL*afse
6s6tx.r6,OoCq,C6"JAo O06('c6c6(l, dCAm^tA $rF,a(9dfroq,(, $c,6c,&di bbgr ao$6oo Uac,StrC8ol,
lr$oobo. Jci6doe, ,,lrsbgq,0$ogo 6nga36ob Dcbsbc6" l.rrdr6)ogcq'oL 6r'16o69 6rlrgq'o $g3boL, oLg
0ofuo6.r63 gq'ob 3,'&$oL 83Lrbract-r aubE€o(o,r3o 8, 0g\'o 24, Jgfu$o 2), 6na3q'o6 Je6otsscq'
l$3norbL ur{5gq,otfuoLr, rq.ooxtlrr$.tq.o &ExE cqgg,r lildr6otCqmL l$ffiol,Ofxrc8o qJ .)6s SbvtxrSo
qr$91jX63q5b30o. pt5doq, rq6ots63q,or: "lqjr6o4Xq'oU 2013 $q'olj ltb0q)a$og. AclCxrooLr
bbq3aSgr.r bbl.rfubnor ,,t sbce,a$ogc) agLgr,(Bcbob Eclribcb" lrrCr6,omqx"l-r 3s6cr6oL 03tDbs6oLrq.o
br6tx'!6ooCq,cb3q,o OC6QCc,Cbol, ACQCA5Q $s@ffio('., gy'&rdrml.r lrb3s aobEoo 6>tugX63boL
brJoobo 1l.)C!6)o,Bcq,ol, UJao6olrO6oCDa! g6q,r qossgc6<'r6 lsjr6or3cq'olt goEJ6L<r,l U5ffiollOd)crll
So610& 6,oaCq,c,O .>q6obJq, obgo66.rgosL $J6,'JNraCEl., l$j.:t+ro63q'rn1l J63Aq6-ao6o\)t6ll
Lrr$6o3Cqt)u &6Caq6-Ao6ouo6ol.i 0o3t6 3Dt6gognon brQr$$Cooq,Cbo! aoq3boL ts30orb333rtso
LrCrd)o3Cqml., Aorgdx.rbs oeCbl, orArS$COoq,CbdJ cq6o63qn X3o6o6oolr
!A Jr6o6oo)
ArotJq'oUSoEC&Jg lrrC6,ox'tbrbCq{S.AoC66,qo d6oa363qnbolt 0j(,.irJb(tq$3o aoa!6o3oL
otobJ$C". $Cari(@C(, ge6a3q,o6CLrbC A'!UfuEe0d,, lr!C{,o,30q'crl., UJg6orq-J6o qJosot)
Urau"rb3r6ob aqrrr, r6cr0gq,ca a'raoU|lo(.ocbc(3o el(,rxJ3o ArEClrcbfl(tD$,
Br066clJq'o OC6('C6,Cbolr
ACAOATA 9sd,Ecr:J6cryn X3o6<'r&nb qo$bA3$ go6r6tor! Lr&',6d:15d,s,lr,!6 16 b('C&tQ!
a3urbr6oL49, ica&rrq6oaB3q,o t6oL3oU 6.ror3sqrfrF6caoo aotsC$(,6q,o, tso6.)bboJ U')ffiobodxrL
ab6oal6 rR6oaEUq' btoo,b$c (Da!Jo6oo 6^ttub3oq'q9b gud,J('qcor, d[(rr! J56o6ao 0r6lrr$q6Uqb
(orCbUq,JO.,J gao63q,qCl, UraSdg6crC0ou Ai6Ar,
q.gJ{&0q,chbbco.
19
lrbr
SAA".3]oeCaCq, Ab'rlc,XJ3
JJfiC l.trbJ(,8B,Etr rpJNrDdJ Lsa.,rbddJ Affi!h&,o, aot)6AC$c)6.{,or ArAloCooox,
gd5rAR Er $arb.Joqia8l, 6v6XA erful.,CAOe,CDCDl, a*ob .rj66X6<* b.AJoCArLs eJ 0Cbobsadr
Jo6ofxrqrf, 6d$otfu0t0. JCttuA,6xt8r)f,O bJCoolq'lo(,,o Arcgou U!AU$,C6.fr 6qC0fCOd,
!6rq'o$o<r, of.r O.t0<ese$oqr,, r6h&rttr 6obJo, 6oa LrbCq€F)tso CoEC6ol, ECUJbCb &6(96(,Cr)
SJ lqrfr$oryJe,o $-6CAtq UtrAoDq,e[ob gee,CUr aXr'tCPs UaogCfoal,J(, o#Cbr CtctoryfftNn
D6('|UCEC[(,I, at06osqt3(t, Av6$CDoi6 a,fscrcrlco$o, 610 0ot568C9c)6(('c(-o 3C6 Ero%q,c0r'
Jcrvrd<'rq, 2012 $q,oL 13 ojo(')ahob bJabrbud,as "L5abrbU6oL Lrrlortog6ol-r.>or3oLr" tsCI,$laoLo
aoo:bo36oL L,l3gfugq,.b3 C6,o,-C6<r,o l$ffio1.,O6,obr656 afflqr't 498.5 .rotllo q'urroL qod,Cbgq'CboL
UJSSJSo. SCOqr)b lsggfog.>e &,ooo)CB"Jq,
r$r "lt'rUg'aftgo NC6ob ECl.trbca' LrCrd,ol,3l(xrL
3$o6o(09\,., 35; Jg6j6o 23) q.o.r ,ljJfuq,0$rrg(1, JtsbrbcooL 16 rSrd)ob rSo(,)6(')aoU6o 6cl.B3bq'oJob,
Je6oq'crb6o3o orgoofilc6o63qx.rbolr ot6p&'rlr 16 lrsart6o l-t0c6orq,ol-t oStrro<gq3q,o Jot6ol.tor3olr
Lrbcq'a$o$'r UiJUol6cbtao vr,hbgR'o jc6c8ob t Jd,s0bq'obr?o 6.>q,Jocaob acLrbcb aoar6oSol,
grc,aac6oL, aoLo 6.r6\3oUr e,r sr(Dftffer,qxoou aog0oL $gtrb eradloocbolj osobr$c"
llsCr6ogCq,r.rl, aor36rl6oL 2010 Sq,ol,
I of,yn0btrnll N 302 QrqobC6oq,Cboo (orA6JogCbgq,o
$CU"(Afbqn a. JUftOoBo 1, 2, 4'). oaoL &oBrq,olr0.5C6.,o,, t6<'r6 ,,bfuq€$ogo C('ECboL ACUJbC8
lrrCJd,C''3Cqml, JrffioU aCL56rfrrJa, lrJbCq,a$.,go CeSCbr A!6ouJb$6cb.r, cn'r6otcr6 "l$u0q'AftAp
l)J33o,(6gbr3o !6bcb3q,o &ndr6.4o q.os gd<6r3o E<6o90o, s6raroc6oJqt6o jo6Sbtto3o
llo33o3;"(6gbq'o 2,r), raJLo,rE rqSomfq,o JrEcrEoL a<'da3eCbs v6 Bf)6CqrcCbr ,,p60trn3qxr6oL
qg.rg3olr qu txtruqpdro ArMr6,C6ol, J6o6t6i&36ob gri6Aq,C&o goto3gt n Jo6JMrJo)3ol,
83I-rgopgq, trijo63qft3, ra6Soac c6oD(c6,iGn 0iargc6cboU, lt$t6.:g633orsq9o l-t.r663bo[,
g!6)a$cao!q,o er JacEoL &6oqEdogbob (0)6(oJ Lrbcqf$ogc1 L$3ot63b$o aoLrjg3o s6 aoCoccq'o
' t,ru3q,a$"g. C(,EJsoL br6aJ8(nbrao JodBJq,i('., b.raroJaob WACA bsbgq'a$ogo (,rr,ar6o, r8bJ$coob 16
s}rd)ob €0(')6c)AoC6o 6CtnU0q'oJoU 16 ieAoqx'lbr.,o3o o8ooa6r6o8rq'a'6o1, (,'6A!6(r Ugq,Caraouoq,or
tsCUibrAoLo o6br6(''U bCq,afu3r6Cq,ol, o6e(,3oe0rq,J6,o leAotolro6.rooCqlLrar6oq,Cbr6 o rCoolJ
brgfd3Cq'bg CL C(')ECAT t66,ACbqx'l0JAo OreJjOClj l.rhs U,>bSqASoAo od,Ar6ob, rEbr$Cool., 16 rlJ6oL
l30o6(,tu-Jiqo 6CLJfAq'oJol, 16 reboqxr06 o oBooaas6oB0q'(aool, o66s6otr, 6st3ags6 gor9aAC6! Aoeror,
8!8u.,J0ob !joo. lrrbCq,S6qo od,Ar6olr, sgbrto(r,ob 55 r3rtffi 5S0o6o&,"J6o 6gLig\o3oU rE rq6oqn6t6qo
oEoo,AAr6oBCqEboU el6Ai6alb Utsq'C8s r.&lr, rA Jr6('l6oo) era0C6oqo SCLoo, lrr6aCbq,o6r8o 6sq,:l.r6l.r ol.r
br('r6ljt5 o6oobC0r.
c0 33,r6rL36pq,o JUECOob AobC(Boo Jo
Ca|ECS!, C)oaCq,oO Aob
a
"aooJrr, J UEer tsJoorg(,Cb tDhq'a$otso, $br$CooL 16 rlr6oL
rgoo6('laoU6o 6)ruJf0qloJou, re6oq'obrr,o3o o6oo)a0s6orggq'o6ol.r o6ra!6oL !6 brxi6(r Urar6oqr.ib
ofd,oQoCqo Jo6oU AJ$bCq,CoJl, qg,) ert$&Jo,Ab0q' Aoo)bc66rlt jo690ob orerGgao[ or('lortC. AoAr6cr8ir
0,16 !6er Jbq,ACl, C(lECaoU &a6r0CaCao 0{rQrq)r6o rb(')a3.,o)o 6Jbrto, raa)6r$C6o brxy6o 6CClrOr,oAr6
gdt(,rgo jo666oL A96or$6r?o)'.
C(')6cbol.,r) a!6oscbJ'65qoroc0rtc"(aJbE
o 1' t),6,yJ(6&ggq'(,r t6rb 63q'nbbtu6lt Cd'o4(!f'rAo
SrargCECDol, lr.)ft.5golr, 6oACq'oO &'dC,$ 6o0crrJ(, Jl6
ECodq'C6.) Bro(,rS<mtt' l$t5ACbq'(,8ol., SE(,Cboo,
bJ(,JoCor. lrrh@$otso J,C(r\ld l'l6artb3dr,l,, ac8rbc&,o,'
J(6offipJe'o s^!aroca.) g}rj(906('3!a
F6A,r!ASCn, a.veaa q'5FJlr0D/JgCh6l, A{6d, l$Do"JoUdro Jb0EC0C0ol, 6.X9.$rfi($J,'
U.rkrflpqf$o JoeCCboU OClDbrAoUs<g, eoqx"A lr5&EXrOo J5&e60o 63qrlq'C&,o$ ACL$q'CDCqrl Qr
d,lo
ocuruEot sa, aouE,cfo0<qta.o ocf, BtEBq,cDr.
9.2. l$Jd,Crro Utbcq,8$c,€c{66(Bo 6()E36Cq'(,Eob SrAJ$bQCgCDo
l$3rrux.r l-r.$3q€SogoC6d,%o 6oA36CqxrboL 6,>qslsbca3qgboL Xralf'o ar'l6?q'r'rbr 2013 Sq'ol''
bcrypXggob 3.:5o6oo1 6r6ob!te36J 2,208.8 Aq6 q'v6d.r (m6CtC, 3(r'(trLo JoAJ(Y'jfu$CDo(r': l$br6'Cc)
p.r lr$o6.ro 3bq1QC&gq,CbCbolr &rallb3f)Cbr ps qgrgvrBs@Jrsbraobrqo, 665 qgr 151 aqf q'r6o),
6g5oo6gb8o 6r51.:k'rr60oCqthq'o JtrxnglJXBoL gr'6qoo(449 3 aq'6 q')(6o) Qr 0C6oocll6q0q'o
36r43q1bol-uor3olr 6rpsur636o O6rEl8C6,C6o(759.7
Aq'6 q'.r6o)'
2013 Sq,olj lrrbcq,a$ow bogxcoob Jr6o6ou aobcQSoo, aor36o6oL ltt6395ctfuo go6qolt $e36)3q,o
aoo3qx'rb! $o5.> $q,ou (x')6ct0(50 aq'6 q'r6,o) 436.xrft35a-os, u(trqxn Jtr'CtoQcEOoU brtfut363o
ggrEqnb 69660 6sl-rgq'o $q,oL arfuc6cocq'ol,r6 fuQvf,C&,o sotr3bcrorxg A3agof'Qr ar 10 aqf q'r6'ol'
er.rEC$C br6ourt aB6)J. 610 tsCCbCB! so6oLgb.rU,
a(lamastr,Coaocr,, Ao.t36o6olrJ 1gr
A36aob 8Cblbraobrqo 35%
bsto6ou &n6rgC0Cb$C Q!g6p6crboo;,8 OSoll
J6Cto(o6OoU
Dpn6oobJq'o l.,rbu6Cbo $q'of6o
qg.r 7096-U fOcIq,QCAr. BsfiACboU .>o4oL36olr aot6o06.x')br(tso6r6,o)
l-r$o6ol-rg6xnlr 0o96 OoSqg5b3q,o 6r'rEr0CACbo b$3slr63q16gboL dobgqgoo &QJ6oObSob tsCbrbC0 5
bft k)CA06oU aA0c)Ari6C('lboo,) ArOC&J(,or (r,.>6t6.r034b6
21
J6Ctq-oC60ob U5t6CBfu,q tsst6(r,
r&!&XJ3o($ECbJhq'CbC[.rr AJUgJ.,bgh(n
tsU6d0@,lr,Lrx$r,0c \r0lrrbflco,.)
Blq{,BoJrOd,! rErqqCbol$ As 0oag,6r6'C
l$3#nODCDob qNAo6!6trCa)
. JU('OJrrzJqy\lrlcf\)Uq., o'Jfnuot)
bR'acB.'!dr Q,r l'tcf l(/)raotrdx,
ar,Edrdo$caoL cntso6J6bCD$
. ltaooiqlJ.tn O.'ldr (l'6$rrr(,Do a,
.,686C0tr:dasfPJqh JdndO06oU
(€06r&S'r
t Lx{'J8qo
0or.rgl6o6oL Lr6X$Xl63o ts(')6(r,
. JUqte60(.,Uao(SUqt, tYJito,ra,ttdtl
e$ [tor 6ir8$Lo,:trx,]ho.(ll, Q8doald,r
r 6b!tr (€o A$SClrClCq'CaCarrr agC8Cdbrbcqn
tsUlCo(rl6o(6c.ot, o5f,oaoU(b
aoaurbo6Caob htrDo8d$ A$ btBs &,69,6n',C
. Um$Hbtffi&*S'6xrb. a,
o6$"qY'd0ErtJeh Jr6cdo0bolr
A'r3('6r6lrrbs
. 2014Sqbbl$gcB0q'd)lore$dtolrbnrrxjodj,)
($ l$3r60ft(eC60m r66BoC0oL h)tta,ooL
A'rBnefvJbtr
619 Ecobc0r og6rnfubao 6J6!5b(tl(r,oocq'cbcq'o JdJ(rclJobol, go6qlr' &fun6rtfu $q'ot 6q3xj$otr
Jr6o6oo, aoLo $q!lf'PJq'o acBgq'(')bJ $6$te3f,"Jq
ofs a"a9 3 aq'6 q'v6ott qx'futc(J6o66' Jo(r' 5l
08), breqx.l Logq'oL abr6Q.tlC6ou J6 6Jaob grr66qtb0o('l6m66 Jo(.oo 51 09) rLoabCbCbolj
&rcUqxrb! 50 aq,6 q,rdr (x'6ct0 6,Jo ambcbr JoryhDJU, brffiou ffirocacbto Qr96'affioo'' I
o6ou 0q6oaf6oboo l)rCr6,o8Cq'(,b rfu6cx'rfubtlo 6r6l-rrbctl6gop365q'o Jtrng|33bob
go6qoq.or6(lx"gq,oL 0brdrq.ocfur6oU Jr5o66.>AoU e>or3q'ocr,) L53ix'l ECLFTJqCb$ 59 587 2 corl.to q'st+n
ACiabo6r, 6,10 $q,og6,o 660o1-1 6tx'rqr'4p 13 9{96U $r6,errq'A66l.,
22
6r'10r'160 c.oor06Jalbc BrEL, ge6aoar6 6ltgst6ogbuq'o ot6bc8oL 5(ooq-ogLo $oq'o (74%) Boar6)orJq'
o#! rooce.r&{f,o 6cu}!e<'(,Jcbolrr a,5 oBooraarf,o,3cq'o r6o,cgq'c6ousdaou &ad$oca
O6r6bgc6c6$c, 0ror 0crt6ou lrogq,ob ab56('$ctr,ou J6,o66,JaoU
gr6dqcbao rosoLgb'ra 131 aq'6
q,.Y+r, Egrq'8oSr.
l$Cr6o3Cq,('lb 6C0.m6CAAo
ar6brbdrrooJ(,CoCqr)
t t.y.IvidBcqEb $o6o&,JrrJi q$ 8(,Sri,rq. t.qiErtdou
Mt
"a,*.rr,:rc.,
J6o
rLylt6oB0qdt"J0d,6,q"JrrbSq@N6C&rroAD
o6S6ltOltdOU6dJ N8otoLror'r
. br$oBJqd,) 016.)0 qTDd$ s,r 0$6o0cieadr U'a()6drofn
e r3oo6(,&I3fn 6dr}30qbJrDd$ qlt oBrp0A$EBJqn
CrbrJq$d$dUdJa.)q-o5t'loift,Otrttrl-8Jl'J!., Es
acfdr lr,3q{rr turt6A$hr6oL Jtr%'ffi,
I tld$,o8Cgdr lx€gr, Em65$!6dr b!&6dJt.fxr
Lrbl'6'C0oL Ar6r$oq'CD5
anrs6JE!. 6JAoc)ECbAo Sr6brbarf,OoCqCbCq'., JrxreloCDot 3o6Qoqo56 ArQ'6'o0b0(lo
Abrd,XRo ArSClrCof q'J8CAou/36oa65ag8ob aobC(pBoo)
l$UU6{'eC&.t), fnra Aqp6$oU ACW,'fl,x[ob &€Atr6.t69<,[r']tJ 0CllJbCA A<r'!36r,rbdJ r5$6rrodo
&rOCAJ(,o OoRf,Coo (6 b5tdd, 8 oBrfr At's$Cfuoo &"6ob A('l!36c-l6(,ljr ('J $'C$(l(tC60oU
l,s6CtC6S('l ts(,E(gCoobs Ar 6C0dq6C00o 0$!b(,f,Ooc(t0Cq'o tso6(rti oCt'fuq,Jul 0qo0oAt6SDbol'
acbrbc0 s!6Lrb3€csuq'oJ, 610 tso6r6tuo'5 l'$dobod)ol'' o6tsrqc'E5orno'' a.rJE0o6JDpJq'or 116
grigor6, r6<'ra aor}36(96ot r5&\6omo aoocaJqbr a*Jrffi'c8o b!6Jrf'60q'cbcaob l$E|Jfucq't0
S!E(9U('lWq,() l.,sblrf)C0dr XJ6g6o a(,oUembol,
oCbrhb, uqqx'r blso5ot &r66OC0Cbt'o $'!bCq'or
rq6(ffiCq'o 0fEJt6raUq,C0C0dr g!dtAe$&, A'5VJ-bCe3qr, 6C8&f'be1bC0ol.t
ara(')U(''8oL)
er lo€ol.,Coob sClt)bC6. 6.)8. brto6oL ao6r0Ca0bbC Qrg6Q6(10ocr', 2013 S' 8 o'3ou
a(S(')arf,Caso(r, L+6,o€Cqxrlj 6,CO(XTECAEo $A$b(',6ooCq'JbCE'o $xdo06ol, gnsqrK'r6(x'gq'ol''
0brr6<9r)9r6olr J5o66.r0ol.r Bro6q,oor) 6r&rgrrgoq€.r orrSbsa B3op6o6c 105 341.8 rorrl-ro q's6o' &'rqx'r
L8rlr, oCttdflqIbJa 69 587.2 l(,)rth q'srvro. *$ags6, b(,gq'ob ab!6,aralc6o Jtrx'r66s6ol-t g$5q'Ceo
ar&r8otsoq, odbJ 49993.8 xnJro qrv6o, txlqm 8 o6oU Doqxnl-uoBoU ra J6o365aob tsrd)Aq'Cbao
brJsbr'r ACUd,"Jq,CbrA 3o (g.>jgq36oqo 6JAlt
%fuq€, 13 059 xorUo qrs6o(199o) 33rq.o6o6.). o906r
6ors36oboU r65r6oEl0o 6oonor363q'os, ,,brCr6ogCqxrl-t tt36rx!6g0Bo 6s6lr,rtx'tt(rgcrJqtbCq'o
23
JC)oCCIbob g(.16(r,456 6.*'rgogoqro JroAbC0C6ol, A'r63q'(,6!A ECDAAo6J 366 261 3 sorbo q'56o,
ba{x', lr€Jxr aCbdrJq,Csra - 55 528'2 .rdr q'sr5o'. l,sJruo acb6lJq€bol, aCUsbCb AcBc&Jq\) or5br
36ofu6.r LQrob.>l.r 1r&J6o brAv6ogb3ol, O(R6br (or
br'rgqrlb S6obi6rAoL ro3obCbrb &'6ob, boqx'r
6.r&ogogoL BCl.,rbCS &'6rOCaCb0o 6.$U$,rgb.r A{r3Bo60bUq'or
r6rqt"0o365Q oA A'J',Jo56' 6(')A
6or>36oboL !%J6,oAo rurbr3l, 6s63sfu3q'CAC6olr(Qr J5J O&qbCboL) Lrggdgq'$3 Ar&lgoBoq'o
Irrt[6C6oL XsACd, ao05qm6rl, $C&Ds(ffiJqr, bbSlobCooL
Sr rq"tt$dC6o(r'' Ao$56UCWoqo!
aorS6obob rbb56o&to go6q-oCbos6 Qs3J3Bo6Cboo Ao(,r,oCb3q' oC6ir, 6(16(')60 6rEJv663q'CbCSol'''
oh o6oscbol.t l.,rg3fu5q'b3 p&'rgogoq'o orJ6br (or OcLfPJ(,cboL Bctubca a('l6rocaCbo'
(r,ro 0CCbc6J O06oos,rrrJg, Cd,o[Jq,C0ot$o€ot, erArt]loCo Of,!6,,tsC600tr, 2013 $q,()b boSqOOoL
Jr6o6.,o J30c)6('10r)36.) 6cbJUbq'oJrbobr
6rArl$0Cao O6r6lJ3C6C6o &6olrr$e3tr,5
p> ':196oqx'rb6o3o orSo@aa56o3cq'o c6o3gqlbobJ(,)3oL
769.7 aq6 q'rd,oL ('rAC6erA"o, be)qm brtlo6ob Ao6r0CACbosJ'
2013 gq'oL 8 or3ol-r 0qr6o0r6c(t)k(,, c,r'buLocb1Jq'o acaar 1,101 7 aq'6
q'r6'oL ax!6c$c &6ol'r$Q3i6r'
610 ACCbCb! ECUeCq'C&ij, 6J(,!6o0bJq€r Of,!5l,gC6,CbEr, 16o6o159 A(''136(,6(,l,, r6a')(ffiob' oh
bJffiJ 8 o)AoL &iEJ0CACUj AobcqBoo,' 56&z Aq'6 q'vr,)o ACJ(FaoEr'
J/6-bJ e J Jcqaoq,ob6roSo or3oof 0r6orggq'o c6cr'c0q'cbolrscr8ol'
ArC.oll.,rOCAo Od)r6UtsC6C0o
(ror)Uo q'i6o)
r20129 8 dBC s20l3S 8oBC
434.040
80 501.975.10
_
346,21250
1,2a4.60 7,298 40
slor6rb6JDoo)o
Uqoo,)q,C6o
Ao$6{1a6qo ACq'JB(6C&Cq'o
ggqlssaoboq'Cbob
0r6l.Dbrl6oo0q,C6qlX.o
O6n5ll€!6c6(,1,l.,OfrGl5U6r OdC0.rJ &,tOABrE a('tm&Jq(r, An$rrrACbh.
2012 $q'ob 8 o3C
I AJor6!A63boox, r 0o$6ob6qo clrJCoorq-Jd,o
2013 $q'ol' I ogC
r0ior6rb6CSooo I aot6o86o3o I bJCoorq-Jd,o
6)10 Ecchbr ao6JaoJJr araar6Jc,c $q,ri-t 6.:66.r3qxr0r6o, sSd)(reraaJ6o 6cLicbq'oJc6ob! Qr
rqr6oq,o0t6o3o cr)3oo,mr6o3Cq,o C6,o,Cgq,C6oL!o)3ob 6JQJI TOCAo $6rsELgC636o aCO6$q'Cbo
JfxrJc6g€qxreoo, Jdrlb Srqr6l$oq,Cb3qr, 3.>t6$q,C0d., &U3q6oor, Agqt6C&,o, Arqrq,o
arffi 3oq'Cbo gdLo6,(,Cbr %('dj-ragelrdeb JCFrxr(€o
4. qrogoqroDob Or,6cn3obbrJootbC0o
4.1. lrlbiMog!q,A'C&Cq'C0CDo/otq,@Oo00o
2ol3 Sqr,L blh('6ls(,gs'
JrErEoU tul'cNBoo,, l$ars8, 3sq'(,cbUqxbJ6olj t6,(n1.,
of., 150
bf6ar rcCAe,LUqmbJ ls6o6n'r gsLor6o Se.rq(pC&,q,i6, Avr,('r rdOoCBdrJ) 6c6bbq36r0q'
aq,6 q,r6ou arr6c$c, 610 aJru(r, $q'ol-r r6.qxryryt6 tu83g6c0cq'b 50 aq'6 q'u6oo rQcarOcbJ rrrg
ECCbCbr ljrts 6x.r 3sqx(,Cb3q,CoC8ob Jq,Cbdr(tsJJor6o
J5eJqArSo, poqos .:j6o3bour), aoLo 6603t6o
ArBgC6Chq,o ArUCq'o $q,olt t6.:qx%oUf,o Ar8396X\nb AraRUJ(o, 35 aq'6 q'r6,ol, (m6Cb3
6r6olstq36r.
bff r(q Arq'eC&J('COCSo(Sll,(N6o Cresq'AE8o, 0*)(,r TCOoJH)J); aq'6 qrrd,o
2013 Sq)ol, AJAAr
tsrCOoAF,$o ACL6rq,C65
(2013 S.8 oJ3C)
Lrtso6l('l 35q,(oClCq,CDCDolr t6('5
772
(Brlmr6o +tqrq,e0bo, &t6Qr lCOoCSol$)
6('lb(,60 2012 $(,olj Lrboqf$%(, oo'JxJOoL ACb6"Jqf6.U ACUJbCb 4o,536)o6oL r6056oa'bC
l.rsb3q,agogo r3(nool, LrALrbgi6ott aobLgftEraoo r$,ffir,
brgg6J('eJ&D Lsffiro
3.>9q6B3qlbgboL br6q.oou (ts3&druq'(')br ljrffiv') grborEo CJQJq\QC0oQJ6, 6sl6qr .{Sogbolr,r) pr
ll)6o6so 3rq4p3bgq,gbC6ob Jq,C6oL a3bq,CooL 46o6b3ol-t l-tJggogoJr. JC6d{'lA, 2013 $q,oL AogXrOoU
3r6t'r6ol-r 6obgqpoo{o)J3o
VIII,aa\'o 2l), ob3g 6xr6otfu So6.r $q163o, br&6'x, a.{,Q0eO9060&*,
$6poU a3bq'o(g.i-ror6o drqrgacbo, ar6('r €ooc0ol.,r) D6u)$q36rgu UrbrtoSo SrqQc&Jgcbolrr
q.r bb,r$rft'r o\,o5r6oC6oL arE(,aoJooo,lr.ffJo Blq,(ocfuq,cDcdJ S3o6eJ sb6eJIP, rBc Urbrso6o
5
rarbor6, rar8C JJECOAo aoororpbpq,or: "l-rsj.rf)ot q,oLi go6!6ls,r l$ao6oLo6oa brbs$o6{q 35q,ACofq,Jaobr
er lrlbrtoEo obq,o050oc6ol., artsJrrBoL re6o0h! 0i6ibo60ocqmlr oof?(loob ocaoLoq'obCSoL SCbrbraoLo
aJbq,ob acaoo6cbolJ ato<r,'
obq'%rooCoour A,! Lrbrffio SrqraC&Jq,coc8ou Caotffo, &)eC&Jq' 16r A(r,q'.'!6 q&'ir3qxrbCBlj,
s6r0CA Sao6qor 03a.tupqrnfuOu FEr $q,CbE" 6s6srfu3fuq'o 3rq'ACbrq'COCSoL/obqT 6.>6ogboL
do6oo5(,o or6bob erts!63o1, 0Ja(.lJq,C0oo,. .rA53C G,6)oU, brry966ol-t Jr6o6oL bsffir('l
sJq,a'c&J(tbcEou Jqt&,b agu$.:aobo aJbq'o(3inr6o iirerq'(rJ0o, 0')6(()r
sCoocoobr), a!6U')$e36'r3l')
Aboqxra ,ljrCJ6dACqmL ao$dxqAob Lr$6(,{C(xrU Cdx'Bfue'., 6$3obrqr8o qorSlq'oJbCbol.,
ArArd)3oU ec)EoudoCbCbob ACUJbCS" L5Cr6,o33qml.r 6o1136<'16olr,r
q-or lsjs5o3Sqx'rl-r 3t6o363q'o 0r63oL
2006 Sq,oll 20 Ard)Oob ACnrbbACSSo $q,rlq,CbCbol., ACOrEoU osr'rbr%C" ACor6baCbol., ll.>ggft5q't3,
lDjlOoflqx'rL Ao,r36,o0ob Aogrvr 6cbgg $EXBao brdt'r8SCb3q'o brhq,O$ogrr r'rbq'o6J0oC6ob eor
br$6,o1., ciC6,EoCbol$o6oL pcgnfusb 35 aq,6 q'56o! o(O6(jb.,o.
8 cD3oL 6J6A!3q'(',bs3o goSsbLorr
tso6J6LoJ Usao6olro6ou o6g('l(ffiJo(,oo,2013 $q'ol-r
brao6obo6,oL ao3o gao6ofufuq, oC6r 245 aq6 q'.rt6ob &'r6o6'4'3t6o qo6cbgq'c6oL l''Jbrto6o
&'116olr: 95 aqf q'vr,ob 6offirq-JC'o qotvr903qp6ol'' 12 oSgL
3,rqtq6eJq,C6Cbo/e$qrr0r6o38o, 0lol
gJ(!nr6('tbou UJbrso6o Ssq,Qcb3|qdc0o a6 150 6q'6 q'$)ou 6offirq-J6'jo qo6cbgqtboL 2, 5
q.o':
l0
oC6J 6sll3E' Sq'lcbEo
$q,ob art!rlr6<'r6oL brbr'ffio o0q,o6roocbo Jar3c Jc6rmQ0o arglrrJq
Eolr lJrb'rto6o $11.)16.) CrqsqQCaol.r LrtsUdSCq'$C
Caoood,Cfuq,o 175 Aq6 &rAo6rq-Jd,o erx+CbpJqT
$Jff (rC6c{,o 3Jq,QC&Jq'Cbr'
6ctarErqPJ6()
Aldort0r6o3o AoljJal6oo J6C&,:C6o
eod,Cbrq'CDr
aCa'bgq,(rDr
b8oltrrtu
A',Og(xaLtl
lrsbCq'ryRe
kr3.Jo()ao
6raoq0b)
12'0)3.)16()
95,000,000
90,188,931 .4,811,059
50,000,000
s0,887,099
Srq,eCOUq)CbC6o
$ Sq,.t'6o lDbr$o&1 ctrcooroot
242,O91,401
Xsao:
Obr6oqo 13. Lrbr%o6o Arq,AC8UqDbCbolr/oaq,o6r0ogbob 30oLo,)(q',)rr,o; 2013 $q,ob 8 oBC)
12 0A(,,)6() lrrb.)$o6o
d.d,oorr(n or6br
Aol.,Jm60{)
84,481,599
5,518,401
Arq'eClCqCbCEo
26
Jm6.,
70,311
u,929,@9
-
5-Sq'oi6o U5bsMCl o\'%roo.)
13,m5,8@
4,355,000
XrAo:
5,588,712
169,4ll,288
ou6oq,o 14. bbrtoEo Sr(:ac0cq$c6olr(tt6q'o8aoc6oL
36,079,800
Aoaurbrorb! q,r (or3rr63r(q'r6o; 2013 Sq,ob 8 o,3c)
r&C LsUUf,J(,eC&rr, 16<'10 l$Qq€$oggr
b'>br$o6r'r g.rto.:6o CrQJq\OHr caot'ff'o'
aoecuJq,o ECo(l)LUq,(llbr a(tlooroL 16o6o66 fuaoLgq' do6oolQ orbbJlr bJqrrpgb,cq'chbol, $6Qr)'
rL6g ltb3q,6$ogo o\'o6r6qbou 6oAo6rq'95, bmoor Arp363q' A3&'rUgq'o6$ (J6'}CA%AL)'
6c'6cq'oo grq,<,cbcqx6oL u6(oru J6 $rc'a('ugac6b ar 3rq'('clJq$06d,, tosrt 0cbq'rps
0rAr(8r6Cb! bbor .v6cJq'rlr(Aooo6C&Jq' 0C&'i,!3q'Cstk' 0$b'l$o6o ,freo
3282) &jti6s0oUry' 2013
sE6r{6oACbEo I
pr Il 33r66q'36oUror3oL
$q,oL l-rrbgq,6$ogor bca3a2goL E3Ura3qX6otJ $r6$rq'!6
brbJqf$og(, bo"JXcOoL 65q'rblroU ,,LrBo6ro 3rq!€0fuqtbCaob t6(nL" a"Jbqr' $ao6Q!
A3&rL3qxnaob qoJosq,c)LJr ,:rt &rogs3L rq6o6Uq' Jq6()UAL q.or rl'rb53lj bhrobJr AC&')bOq' Ar
gqr)l'' 8 oSol' fulttrAgqnOrfr Aguofub
ertsld)iJq ffiocDr(go o56bdJ 8(')6(,1j. o,"JA05 ao6(9o6!6'C
so,rg6c,bol, Spo<fOo, oljCgo &'16(')68 bsto6ou 8 o6oL '>66':6o36o, UrAoExD 3rq'aCfu(,0DCbob
$(r,artu aJbe,oo, dcaa,lJ3qx',bs st'Jbgqrs 71.17 aqt
c'v r (x'6C$C, arooS l6(rQ{l$O ''e6(tr'Je'o
JC6.x.r('d$o,3olj bbgsob5 lrrbrt(fr" ts.ih.t6o Cserq'q'Cbd, C&fJ(x'o ac&nl''Uq, qor Qrgt6pJq'
dodr,or{g oJ6brl.,oolrroL Ag.x96gEl, 70.68 aq'6 q'J6b AC}<'A16b re6o63q'o br6'Jo6obCUJq'oJ oa
gsi6rror, 6x'r0 b.r$r6ob ATEACECECq'o AroovJU 2l m.2Ol3E. rdod"6d' atc'o' C&Oo6C&Jq'o l0 aq'6
l0 $q(NEo lrsurtoEo ('r0q'(,6.)oocEd, Caokdl aCcgmfQ &'qCogg
efir6rq,:3(to
t@r!flt 491,742 q'r6ol, (')('c6oboo), r5<'r&3q"o6 So6rblor Lra')Edrofxrlj ofuerl6argrror, Ub3r
ACalUrSgCodJ qCbq'ao atNo$00oor r$r 6sqror6oq'o.
5 o€c
a A. J,t6CAoU6o
U,rb,:to6o g,:Lor6o jsqsq'qpgbotr
8
-gc
410,455
1,998,r12
83,473,342
240,093,289
52,145,408
dorr,oor(,o orSboL e€r58r
27
131,080,608
159,411,288
brbCq'a$otso b.rJXJOoU lisaobro
30,727,934
50,171,1.15
7q682,m1
30,727,934
50,171,115
7t,!73,743
grq,(oCASq)CACoob t C)g)b AJbq,o
0 MOol, hlrd,f(,c8dJ
$^ffiik)
610 &JCbCA! brb!$o6('l 3rq\9C!3(TDCAdr(,Eq'o6)OoCbdj
STACESC&,o) (or06o3oq'o 3!q'ol, 6r0ou,
6bc)qx'49 6r,8
$J(r,O.)q,lJ6 .qpr,o8Co8o A('|OCoCq,o actcUqx't0di o3g,oq,Cbc $qrf, q$r5$UolroaS
ECSo,hCSlOo CAo,hC8.l tuq0q3q, qor DaDaSCS"Jg dnlftnr,q or6tlJb tscroU l.,b8tobrU {6JO tso656l,oJ
l.,rffiobo6ob o69o6619ooor q.o.r3.:3Er630'3q'or oa tslCoor6 trn8 6 o3oL $56orql3d' JEaJffi0o
.i$bce'n arqdr 6.so)C, $rd,aa,(o0C6oQor 6oao6rq-J6 tlarbrbUqCoiao.
3r/12n0t1F.
Asg,ou A(,Ogq'l'lD!'
Arq,(Ea-Jq,CbC0ol, $&t6qor 56A.t
ACbf ,Cq,C6ob r6Art6o6C68o
3C
6 oac
611.1
637.0
307
50.2
3o.'1
s5 6
GCsrq,A(rJ6,0)
grqlob aoOIq,c}SoU
o3eoeoor
ob6oq,o 16. Urbrto6o o,rq'qpg0pq,cbgbolrobq'o6,r6qbob 3&x rooor qJad,oSoq'o SJq'o(a('6
q'r6'o)'
' Arq,olj ao0Uq,(''bs ,)Lrbs3L br$q"aSqo 0qgryX6oU $r6ODq-J6 s6Ar6oACaAo "ttcb3q€Sogo 3,)qolr" 5r$oq'?o
AoOCACq, ArfuC6Cbq,COb bhbrtobo 3rq)(.oCe0('0bCd)! Qi l$bsMo o\'.,6rOoC8oL SaoLrnor qrt66ro3oq'o
3rq,oL aClrsb0b
lrJbcq'8ftao rgKpoodj bra.,rbg( r affirLcD()o,, cf,ox,U ed)q' l6o5ot6g 3]33 rqoSoffir 2012 $q'ol,
lrJbCqlABEel br,-Jfrr$oU AguOgg3tob 03lsb30 6o.46r'rbob rEalf,oASC UobCql0$€er r"3(rl6oU
b5A$bUfdJAcrbh@rao,
LrbLf,C0ouArd6,lo0ouaCLrbC8(o$J(I9f,oo63e,6alofffr
6crlj6frq6\'.p, Ao$r6aC$(')b({,or fx'l6(,f,O trPJ?OOdj 3s6o60o, .i:639 &,UXCOob qbtrEq$ol,
.$6.v6oBXbAo, brbrtoSo grq,('CbUq'CbC6olrobq'%toCM, S^!A,A3Cbol, 0CACAIQ AoeCqJq,o
Urbu6c0o l6Jq're roUJueU g5(lsec0,"Jq'ch6ob tfur,lr, b<qm do6,oo,{r, oJ6boll Q€r63J -
3i('('cbg(,C8C8ol, Jq,co.,b a3\'crt. saSb$, aotrmS$r6ctq,or UtuqgftC(,U('|Boq, o&d,lrrbrffi,
gJbr6o rierq'('C6ou CAobmurl, &x.'CDOer) Jd,Coo"Jod., A'6x'Jq,{p e! b$(r6,rQ re6oohr ACUJbrAdr
l.,rbr$o6o 3(re<bC, 6)rs,r Jrfu'raC6ooLr oLt &,$('l(0&Jq,o 3('l3Cq'o3€6o 6o|Er0CACbo brryp6oL
0CUeCe,C6ol, AoA(rt6vtC<'rbdl A3Lrhb o\,9',('CU lrrffiJer Arq'eCb3q,gbCbolt .rq6cE63q,o
J(,AJdCEOoL qr,6t6o3dJ o.)6&€(,86"Jq' qd,lorlr. JLCaC Eots60C$('l6oqrtJ r68nr)o0C0tk)
$r6€rqQSoe,qr) r6getrr6.4os glq,()l, .)e6om"Jqb JrAJc6C6Od 6iM, or$A€AOS6"Jq, b:Cf,5oL
i.,rbJ3AOt , b(9(x't rqooob8crtt 3go,brD $q,q,coCDd, qA('rb30$Eo aoox,o,CeJq' oS.ir .ry6rF3q,o
U.>3oorbo.
1.2- ffiq,J(n t$lYtCDob Ar6d,3,)
2Ol3 $(r,1,
I hCOCAOfbl, A(6oa!l6gr8o(,,, ltcbcq'A$o8ol, ar6Jvl8uq'Cbrao vflrCqgq'o brbl.,r6C8o
3oalo6gQ)cbob Aob3qBoo, aF{}f&Jqr,J Obf,oq8o
U*r"g,*'f, AiJ.f,4rDa-t"l- e,,rd t/
02.01.2012. 03.0110I] 02.092013
N
l. brto6oU C6oor6 ,r6056o3$C 56bCb3q'o lrrbCgatotso S('JXfOol, 6rAoo
3. aob6o&6o3o 66r6OC6o
LlrS grq,ob A{UrbO6,Cbob SCr6arr,oao
45,718
18,846 2t,076.8
51El
t3.261 t3.605 7
r69,150
188,012 t53,942 4
156_!r
156
41,159
31,596 37,6'124
.+,719
990
201
156l{j9
ACJo$oOCbo Ja'aC6s.€q' 0r6Jao
9. b,)bo6olrC6,o'o5656B5lioE$C6oob'Cq,o rAaoq'obr6.Eo
l,8ut8
ogooaal6o)30q'o C6(r,C0q,Cbol,r ar r3oo5oaor6o 6CbJCbeoJCAoU
bfq, r60yffigEtC 6%bJq'o 6so,o:
1305,5173
0b6oq,o 17. Uraoxa(ffi('' eC&'ltooCboU g,65aoJJ
O.4 A6b90,r LrbCq'a$otso A<a3ggou 6r3(/r,u g,AlaoJJtt 2013 $qr)u 8 or3ou 6$A.r3q,obrEo,
qr,6rao3s gDbqxrs('Cbr 2012 0qr,u r6Jg%o06, Jfi6.xD(Eo A"iAsr3q'C6oe, g96q,C6gorL, o"J06r
6cl8o6{-Jf, Doe)brOCq,CeSo lthq€ftgo
5
?
6i0ool, EdESCEC0q,Cto(ogob Jo6gCq,o
b.firir,oBCqmb So6i6tio,s Urtututtiol., bJbo$o&r l.rrAuJb.C6ot o68arif8rooJ
ertCtrroCbot ECAngOeS.
6%b3ol, 8eScltuf,C.'Ikor) rqC85006r 6.i,cq'o Sq'd, r6l<,e,6q06 ArSSCECbq'Cblr, 6Jo erb.rq'o
006e$Or,rl, ACodgCbJ Afrg0otr,eC8c,49Cli. JCtucte, 20 13 $q'ob JodtCq,o l-t,fo or3olr
6b6A€qmbr6o bJbCqffrRo bqgfifodj 6$crr)b A'loUqx'BJa 237 Aq,6 e'r6oo, A'IoaJ.$ (2012 foq,b221 0q,6 e'#,o), q.) 8 o6olr 3r60.>3qx'rbrtso 6JClr€r('36 6o6"Jq,L 507 aq'6 q'r6[, aosa$os, bs(,o E
o6olr q.orLrrlrtlgq,l.r 616o101 398.5 6q5 q,.>Cro Sgre'6o65. ljrs6a!6oEo Jg6oca93o l$hq,A$ogo b().JXCOoL
ErEoolr lrr&JDqxe ArBm6gb3qr,(oAol, J.lfuCq,o ttmgb3ob A(96o0.tC)C(.lboo) 399.6 Aq,6 eir6oJ, 610 2012
gq"otr r6{'tn6qJ6o 3Xr6rx'rq.ooL l-ts&3.ry,r'r o6qt6 ase$fua3q,b(309.7 Oqf q,c6o) 90 dq,6 q,.:tr)oo)
reCArOCBr.
l-r.>j.:6or3Xq,oU ltbgq,A$ow 6qCXC6ol, 6i0o.ro
(or3oU JolfuXq,o dro6bsob AqAoa!65r't0oo; Aq,6 q,r6o)
.uqrrr, r$doo l,thoetrn
o$ordn oroa0furqn er60o
(n)b6rtu 13. br$o6oL C6o)or6 rEAJ6oA'bC Ar6olr3LCbrq,o LrbC('a$€cl AoIXTOoL brao)oU AobraoS,)
lr.brffio UrEl.,rqO( , .SRc{64!Onor, &€(r6rfE $Cgb tr:hq€B8gl &I3r(,oob o)3d3tsrqr,
tuAor(,!6 ArJq,m{r,!6o #,C((So !f, DoCAcq'$, strg t$t6q,aB,go brffi, 6SJ!C5gq,Cb.so J(r)
od,%bc8r J'r0c60eJE 0.$3&, 6,rag.tt6oqD uJrfrcoo. a.)6,(.r $ot r, a€hq'r$(.o &t0qr,6i6,c $cq'L
LrC5orEo6olro UrgJq.3gr! go6qeol$eAo JdirCbflq,o AAJqr,$CboL prgstfuoL rt6lgbooo $6qoltr,
t rbcq,a0ogr'r br$o6otr 5%rr,oaoL, "t-t+r6oEge,<'iJ UouXq,a$ogar llo6st6go 3,:q,ou aJ6osoL ao$6oo)
t(,AoCr,or) q(.S.,lrd.{b0bob bi6w,0ocqfaob orr6,>t0" br,}v6onfex'it Aor66r(.$()tt 20ll Sq,ob 13
arouou N1032 Ar6Jr6A3q'36rlr A3u.:6.folttq.o,
lrrCf,or${rdh
Brrkrtu a"Arr\3tr)C0ob
CaCi6A@ b,$o,r3LCa'"Jq,o U,rbl.,6Ck{'t6 Weffoq,o ArqKE&JqdC0ol, qrgn63olsor3rtt
' rqEomgqr, 6GloL U3bCSob AroJAoU SCLo d,OAfq'(,r,qoCAr "U,)bCq'SSoS(') brtoEob BrEJr6aUq)CbrEo r6UCbUq,o
ors3ol.t3g,rq,o E!q're'o brbL6,c0oo aoJq,cas(,o.)6o Ljgubgbou 6,roJ€ou Sobol.l eradlooC8ob oj5(')05tC"
l,lCr6or}rq,ob aorg6(,0ou 2011$q'ou 3r o!fu6ob Ne53 er(r6C6oq'Cboo).
30
U$lr6C0ob af!6o8J .$ akjaq'n6s (,r
\,ffiJq' &$6!eC,cftC Er6o,r3l)C&Jq)() (0&$oooAou
&Bgqxrbr 02.09.2013$. a('Er,3itr,c(rbo(r, acr(/008j 356,247.9.:orcu q,u6lr.
5. bs6rt6go $grt6og0oer6 AoqC0"qlo e€o6r6lrC0r
b.rald,Co $$n(xrC6.,(os6 &,(c&Jqr, prgo0St60otr r6rqr)too, Oq,.6(tr0r, 6roa &€qrr6r66 gql(,b
ogol., 8!6aEq,ob!ao LJS,!tr c('l fu!6oC8oar6 &,(c8"Je'o LrbL6cDd.l o,qrC6('lbr(6cBsl(60 s6,r6oCbolr,
I
"h
g.tql(E8gqf,eJ8d, t6qnu AJbqDo,) EJJq,Ctor Dl,e,o $qr,l, $Jqx.r6oU6o JC(6(xlQ(fr
8rqCtrT8t0, 6xrbct6o 6efo6rq?6 A$olrrbuq'CbrAo, dio F('c$6%tA $q,€d, ArE0C6Cb{,C0d,$
ooAJt6orCbrAo. [,rJ(xdrJo6o OCEq06Oo5 Oq'oE(oBr l$Dd,C(') g!q\900,Jq'CfuDd, (,rgJd€d.,
lrrbl,f,Cbolrr olr(tb^ltr,Co AJSACqJRCICEoI, Jq,C&r), ACqCATA Ao4dx'rDob ltt6rd[o 3sq'ol,
A"OUqxe6J Jqgol, OC6QC6OoJ, Aq'CElr.
396rdr.rp, 0otg6n6ou r60r6.€ou 0ob3q6oor, l,J&a3o $9trx'rgSoq.oJ6 &X1CBUq," A6r6OCbob
o(1ofg'l0ra 2013 Sq'oU 8 o6ott ftp6od.r6Xfirk)o) 82.5 6q'6 E.*)o er $q,(PJ6o L166ol, 40.7% ACrqobobr,
ArAo6 6cK'Cl$O 56Jqm6oJf,o ar8OCffi'CAo AJrCqr, $qxfno)3ctj a.J.,rA$oure 138.9 aq:6 q'r6ljr er
51.5%-b 63rqN6Qr. 610 AmbCbr J6C(r,0001.,, l.$AJtr,Co Orq'(,C&Jq,CbCboL $6poor bfuq,agogo
6oCXr0Ao AoeCoUq'A! tsC&rbUqmbra Xrryoqo 255.7 6q,6 q's6o qt $q,ogt6o 6360o11 35.670 83.1196o6r,
t6rg 2012 $q,olt dsBp6CAq,C6$C 6$q,Cbo! (420.9 Aq:6 q,ni)o (or $qr).J6o AgU6gq,Cbc,L 6l%). b.)p6Ci-|
0gnr,arJb(K,,l6 ArQ0fuqr, Ar$,6r6LC6ol, b06IJCO365 0r,.l06ob &,bo(!Boo tuOCAUq,(I) qr)Jb65AJt|O.
2013 $,rcoo
8 ogol., ECbd)geCor
gqqgd,o &3bar
b6c60C8o
82,497,993
202,500,000
40.1%
l$Br6il.r Olq,eCouq)CbAbotr lcf)Ar (lrCUbCSo)
Lrar6co grq,eCbIq'CaCsob Jq,CBr{LUq,)
255,705,413
718,000,000
3s.6%
282,155,820
471,800,000
59.4%
AllroJ6o Crerq,ACbo 8!6er rCoqool$
106,824,550
110,080,000
97 0%
Ir3bbXAo
153,541,024
361,720,000
42 4%
bhr J6C(,(Oo6Ugo er3rqor6C0C6o
27,790,247
0
82,6s2,O23
193,200,000
Lrbr6r{', grq\gCb3q)CaC8ol,
a')Al$b36C0!(Jtr,(.l0C6Ool
31
E
42 8%
tJJ0v6c('t Sg!6xqC0oQ'r6 aoQCbgq,o AJSd$LCDoL bO6UdO36,r
r u.qd\yrm
Y 6o3xJoob 0b.'rr,p$3$4h
J6J(DOJb.
qbr86rat. b8r6,C(.l Rr6,oCA()(9r6 ooeCbff'(, q'rSo656l,C8r 2013 Sq'ob 8 oAoL aaamaJ6C(,E'o)(aq6 q'r6o,
ao536a)0ol, r6$6oaob aobC(Boo)
rr,.ur6o g]3'l qo6obs bb3q'a$ogcr J3(!noob UJablbUd'ou aobLc6cbJto 2012 $q'ou l'lbcq'a$oE(,
6%A30oL E3lvr)13q,C&,b ACUJbCB AorS6xdou 560r(ffit0,1.,!6€06()(, JoAdl.,oU (a3bq'o 16, &35$o
3) ACMTAoUTA, ,,lrrbrJqtrry! bsbo6dJ Cir,on56
rftrr6(ftC
q6 l$bCe'A$cgr't brtdob
gd)o)o.:Eo i66.v6o0oq.or6 0raJ6,rcbpJq'o ltblfigbo 53q's (xr6ou b€xJoouro,3ou 0o33o6fubr o0
Jc6cx'(nl, Eca(')LfimbsL, r'xr6r sq6o6uq,o Lrbl.d,cboL aoa?cbr J6 arQr6oohr rourbJ lj5bc(ry,gcr
br$.,6o1, C6crrDE 56?iF,(frC". AJUJb"A.,L5A, LrAs6,cc ign6oCqo('J6 &eCoU(r, &J&'ir3g"br
lsfuq€frrgo @JXXOAo .).t,sbCbr 16rr aoto UrOr<-JCX, $6pf,cftC Br&o6oghob o,r6,.,e.,o,, rf,lACQ
a&.rqmq.o arb ag0i-oc6, 6rsg ab#rxJ3o 3frfuj/6rffirtxtd)oocqT&Jqr, p.:$3b3&3qpaoL &'ro)br'r36otr
l$ffifuce,tc b(ocbr 0rlx; 3o639ft).r6os, brtct6otJ crrcrnr6o r66,>t6o0oL L>q'r63 r6&6'oftc 0rF)Qr
.>aolrs, b.rto6ol-r 8 o6olr 6c669a38rf-r Aobgq8.,cr,, Ao$6r'rb6o3o
q.or5offi"Jq$oL 6t+rs6o30o 14 802 3 Aq,6
q,r6oL cleos(1boo b$gq,a$otso Aq3XCOAo JolrbCAr JJE(,Etb &lbrb$ol-to $q,()q,Cbot, fuAACA'
lrrbCq,Ag%o aniSpgXqlob ASuqgq,Cbob J%)6o&,,o/trffioL AFlbJOCaCbEo 66rr66Xbolrtn6.v6Cc)
3.$9C&Jq,ChM, ttr,(rrL Apbqrro, &RCqrco ACtutt3errhbdrr qr go6.$ltor.r tsa6r*6Oolt
l$b0(,agogo Brqr,b A,r lrtit6Co A'tSo6.flrC0(t, Avtot3(it q0$6oqF0d, ArfuCECSq$o &fAo5!t6C
0q'ou s craol., aaarqat'o',ioo, tsto,(,b6(8o roBohod', ac[,5bJD" (disbusmen6) &',ocag(r)r
gb6oq,Eo.
LrAr6Co 0g56oCb.,Ar6 &xlC&Jq'o Lrbb6C6o fuCaJq'roo36o; ro)rl.io q'!f)o)
06i60Cbo
'qgo6r5Lorr 0o6ol66oL 06drbC6r N547; 2012 $q'ou 3l Afllr6ac6,o
!o
J6Ceo0Cbo
gij6o66qo Br6orto6b300ob aCUrbCb oES('l6,AJOor Cgd,e6(qbs SoErEUo)r LrAo6obO6oL brbCq,a$ogo 3sq,olt
(o.} l$Ar6Cc) ri6o,oJd,ox'l0r(,,r (,CJr6OrAC6Ool, 6oC6, Aa$(,ACbf(, a('l6rordCbL.
l$bCe,A$ogo &/J?a9OoU SCUf'Uq,Cbdr $8)6omo
a2,498
255,705
aCbrSsao&, aN'oo, rbrt'Cqb a0erbfex'rbr
br6('r r8d$, brtdolJ aaSc6gACD6,, S oBd, Alqcbsbq,Cq,C6.fr BCUf'CeX8olJ A(6r't0.n6fltbou &;l$hE,
&Arl.,rb(oCq,C0ol, Xr&J6o clACerboet6 8 orgdr b.>ti48o 6t6r6$3Dolt 3oa3o6C6OAJ 33,996,'127
bclq,c, Jf)c(rDCoolr J('IAJ.'ECSoO, 252,936,207 q'u6o 0CJ(,6o65'
q,nr,o,
fu rACasOCos o(,loDooob 6.)QJ6UAo
l$U6c(9 gJe,l\C00q,CblBob tfrqrtu AJb(,o(,, Jjrbflq, or6bJb(255.7 6q'6 q'56o).5q5ctr"Je'qo6rnro.t
brAo6ol\)dxrL r5gr.fBsgffo,, Q!J$Po60&Jq'or Je6$b0ob $CA9JQ6.j6C<' LJCOoBoJJ$ qor
Olq'$geo S6I$OC6ob (D J6rCgDC0d, bCq,a'JffuqioC8(lr ox6rf4ogtvtSQ0ot,$' fxr8q$oo
oo,3rqr,lrffiC0l, $6b5t(g('lg(,o i6odo08olr gr6aq$Ao FSJlrFd, lrrEqCxroo tobltt5Soolt
.ro,3.f,oDrt .
6r.16 Embgbr 3q\.%bUq,X63boL
6oAbrb06Cbrl.,r qgr psgs63cl-r, 3rqreCbUqCfuboL 3qt6olt Q3bq'oo,
AJe,)bJWo 8 or3ctr fu6er6r63rnboor 5rUgq,o $qrlb A.s8m6S63qir 236'r aq'6 q'56,oo,(C1f6)
s3r6bCbb, 6JO qrr3sg6o6gbgq,o.r, 5l6on 0b6o3, 6(J6(0(,6160 $3q,L 2008 $Cq'U brAorESC&Jq'o
mC,r'x.rbq,.rSr6oC6oll
ArofuEcec,, aCc,ldn ab6o3, LrC6or&t6olrr Lr3lqPJ{r'r tsst6(nLrqldo striS}3q'o
3.:q,q90gq5Agbol-r dot5cror,rqro orrSbolj qr,rgr63.:lns6
650 afibcor Uobcq,aFao orqdJ atoUexrH, (r,6')aoJsl.,' a,a(r,6v6c $qrrr D66JBqxI,bso 3qr,6Q005
Jq'CboU OC6(oC60oc dxraoltt 6o0o6.>qf3fi 6r&tbtb'J(,CblAo, oh ffi3-!orr6(2013 Sq'oU
u*t6o66o$o
asE3C6Ch(lora6) ata.!d,o{b5&,, o,'JAor }iko SptJt(,l36qrtuB,6Chqr)t' 6cl8 ttsbCq'aB)E(9 srq'dr
JoCtsoOoC6OCso
a$6u6o8CeJqbt 2013 Eq'oL alJ-U lje}fi',S6(9b ar&O@JEv,i6 ao6fl6o,CDJao.
3103.13
31.12.12
31.06.13 31.12.13(6rry266o1t
Jr&,&,o, aooCaCq,o
Se8f,U(lo &r63('obc)
9,1r3.4
8,971
8,?4$.5
9578.1
34.87a/o
31.280,/0
30 5o/o
33.49i,
blbCq'a$oBo bras6Co 8rq,o
72t8 4
7052 7
581s 3
75522
%-re d&-ll.rs6
2? 62
2459k
23 ?7%
26 34%
1918.3
1931.2
2025 9
alo) Ao6ob:
Lr6o6,)o Arq,o
1895
" UJA!6Co Sl(taCDfq,CDCbol, Jq,C0ob A?\'(, t'hr Jf,CAooo.6feo Ara5ql(),)6C8g0ol, &
33
tqx,lr$ooCooo)
7.069o
gFJG' Adl-1li,)56
irCoC 6oag6C('c)3r6oJ, fxto &€(rs!d,C ftq'I, tso6!6l.bJ U)Ao6ol,0,('(')b AoC6 &1E3COq' ofJ
alr<'rgq,n, br6Job l$SCfu.ir3\r'r 6ouor \9!gou a!d,o8ou Ctsdoo$(r8dr ACSJI.,C0(iJ l,ol$Caob' (Debt
MaDagemetrt Performa.nce Assessment (DeMPA)) grfuq'3b0o. dLogq'oo 6r63oL ,6lq'oL 0lt6or3ol-t
(Debt Managedent Performance Assessment (DeMPA)) 15
CgfflooJ6oboL ArglbCaob l.JolroCas"
o6eoJJOo6oL (DPI, 05fu5r'rboor rgrl-r36U ttbSq'ffiogo 3q'oLr 0s6or3oL 933q'r do6oora JI'ICCOL Q!
re6ooEuq'o Lol113aob.r aJ aobo J6ooc6(,.Jac6ob acbJbc6 re6od6fle ofr l''Jbcq€$()g(, rrcnool'
u.)aurhfd, aebbc6cbrao 2ol2 $q'ob t$hq'aBap &{D.]Oob acLtrr"Jq'c5ol' acLrbcb ao53fx'6ol''
r6aJ(r)o8$co. 0CljsbJaob{-o, &,br6ac$lll6oq'oJ co$(,b(io3t(o aro)3Je'ou$obc&Jq' o'J6':lr ry6o363q'o
aokr)b aoCO A'tatrQCq3q'(, f,CJoAC6erOoC0o' 6,!0 3t('JfuC('8[,gl' lsb3q6ftgo 3rq'rt-t 0'cto6olt
CtsCdoor6obob BJ$U&24o63b3t.:b.r
qrr bq6orra(.lC,oL(, lros6Ar6oCbd'r6 ful,,Jbr&'lx'r8rtt'
34
cgrb66r
,,bsjr6orpqrerb 2014 $q,ob brfuq,fl$ogo bogaX$ob
03b.:bgb"
lnjr6orgqrerb 3rbat6olt J6etgj$bg
a6lr$6r "lit$d,oEq'rqb 2014Sqr$l!WB'gs1k'U?oorf'ad'5bc6"
t$dr6o,3cq"')bJt6c'6otr
Jrx,CdOtC
l$gf,Cr,3cqxrb
39-3 a3bqrl$ Qr "l$bcE'€l$(E('l s3Qr\)oL
Lrbcq,afilgr'r r3(r\)oll lr.!6brt'Jc,ol, tuc6 a<'rdtl(OagP
O"fXlO"f, 3.:6o6oL A3[rsfu6" b+r'cr4gq,<'ttl
(rsJ QlllJs6r
J'ffir
l''sbcq€Soao
"20u $q'ot'
Jtrmfrljool 6r rqrrL$d1bgq'o
afiUfr-&ro.,,-tr og" ar,gsul\rccootr lrsgaftgn$cracrs (!t J!&'6oCc'cBdJ ac['5bJ6'
oU o6gcrStugor'
Urj.rr6%gq,ob lt&r3a5$o Jr.rAftlboU 38-C A3bqr'o' A$llrffirCq'or
rar3c &Jbq'ol'
6,,,0K"t"o;bc("0$"go &t3xco'tu eJ$bcb $6o6oL Jfx'dor' 36<pc a.orSecL
Jfxqdool, Ada$Jadrr
aClr"Sr-lr",r, ItOC*U$"g,t *U"XCOd, Jdx'dol' C,)16 S4'jo)3dj &I3D(cOoL
Ao6roC03b<lrs g.r aoar6oryp3b96oL po3303fuo' sUCaC or6ard'o'"Jq'o
3lggE",L ano.-"pn
0,i$g36o &'rrgr3u:
. f$Ugt&go Orrya36oU Jdxdool' b56Av6OC.r'Cr' etd)lof'' 6xrAoq'% Qo6s3U aX0q00
(6r'r0o6sq.36o qQ'l
o6tso60r3oiJ: do6oorsqn Al3drogcr6r'r6o56o o6qn3$o6'Cbol''
o6$q,rcor' oeJCLOoO(IJoo
6Crq/JC,o ao,qr,!5o A.{'r J6'c'(-odoo, af(,ffi'Jod'o $drAr'
ArfuCbCbqfbou i6x%6ot3bL qgr Orot
Ar r. 3.) Jr,cr6brrt3Au Qr a.ror IqS3CDII; 3olr3:q-J6o
do6oorr(n
,qg3Otl.,, n6g.,66.g.,Jr UsbCq'A$()g('1 b.'J0OOoo' AJgo6r6l)Cbfqr,
Qat6d&SbCOdrr ('., J6o66'rACSoUAd$W;
aeJq'C aoaobqtJr;
Alaec6rr,C $qr:lJ Lrhqf$ogfl b.1321x$ob ts b613madr
.
r gq,qJi6o L:br,,J1g)o J.J6o6ol., @acQcMjro3oL l.blotrx'r UrJ!6c)64($qx"
mqr)qIoCoou J5JCOU;
. *"-)ra,-,o6$f€roo.5tt
0Ja''5tQ3(()"Jqr':dxrAosaf0r/C3Cff'('|a6'!aC&'b'
o6(roJ\)crr'cboL acbrbcb'
a.xm aoLsqm(,6cqt Epoacbolrr qos ocw,';qdott 0csJrcbob
ao,rg6obolr JilrUbol,aao0q'oar Jol{ $q{fu lrbcq€Bac1
UlCr6o,3Cq,()t 3![(,6(,l, rfr'doo,rb ($ABr'6C0oo'
3$crEolr ESlt$3b"
btjs6o33q,oLltbr6636o3op$l-rotr38-9ag\'ob33l-rrbs0ol$q.o'l-rrj>6)o)gq'ou
oxtsfub"
aor36xrbs $lryboM006c(r,s Jol4 Sqnl, tstgtftgo &ryp6oL 3*r6oL
Qr CaCgEr)lj do6"'o)5(n
lrrCJ6/or3Cq,olr 3sOr6r &cx'rgkytu, Arth orr6<gr6'o"Jqm
pr LrraJ6o(rnr6 $J6qPbC6'5$C
a.,a5(6cr},Jq,Cl06obr qPr A('6JOJACboL Q',JJACE).II A(,AtrACbi$
lr+*rgcqml, l.,rbq3?Ogo 3crQftpol, 3fu aJDqrs, aro6rqnll$o6c&Jqn tu<r'els63bou
a0frcAf"frc, Aro Ae)6x,L oA qDoSCbCooL Sr6lDt(gf'J$ (D 6r6arC'OCArq' 6xr0q$lt4
J6r'rftl6oo S56&1('AC6oq,o
,,I$b3q,0sogr'r krJqr$ob 3J6o6ob ECI$bCb" Lrdl6olg3qmu 3J6cl6ol''
go6i6L,5cr) ofu (,(6a$rD ag6Q6(,6r'
It)bCe,S$o€rj vJQrtd b5Arsbu6ol, 3drybd.|08cDqx',D!
usbcq€gogro rgq6ou UlaJJbJOo
$UJboua6c0cqnr
('ir$6J "2014 Sq'ob
t-r.>t3q,aBa" b(,"Jx!Oob 3)&6ou fuLlbcb ltvJJ6'C'€cqx',L 3r6n6olt
Stcna|5oor
LrtsUdgqr,r6c)bobt aJ
6"-grg"fr9"SgqO1,. SSaobgq'66Cbc'lD ('r ArC'J$b(oCq'CboL
bt6q'A$rrgo rgqr\)oL l''r6t$bJ6ob aoC6
:.6('n +aoo.,f, AClr"bCb ('dts6ob Ae'ftrACbr SAgf6br
8\)"d;; aca"$ac&* J6,(.'(3c(9Ur'cbu, F'jc€qtaoo $i6'drc'o'cbr ard)Sa'Jbcacer, &!6r,,dc0c6ou
(ISAE
fr.co-rali"rr-,lr,).6arf,OoL, 3400 ,'Jc6,lr&3qbr,'3qr, go6$tlJ6r, o6go6€rornlr fuaoSfubs"
s6o; a3t.oranu.p Je6o&Uq'o bODEa!6'Oo oo6{r'L$c5cbU acat$ac6ol') QrMaaSrUr Q!
Ad;o6963q'CbCbo oaob
oA33r6)ra, 6<'rA &eC&Je cd6!l' l$aA*rrtrr (o'> ful-l>gf6olrl
$r6a56o3dJ
tsdrrw,
. Us6,Jftc(,g'E$ opJ !6r d, ffioaa6cqxBi6o 6JJ6x'lc.]r6oaoJflfr, ('5 ltu3s q'o'sgcDcoo'
,t"6qdllr6 e"Urrr6"t Ji6o6ifx'eboo' F6ScNA0EX1o tso6$b3fn rr6Etc6Ar0ctr
.
l'.)o$l(x"UrgJfuCetJ
vrD &ICXfOd, $6rr6Jlrxrd0r'o' $!d'scea0ftx3(' g()61615r'(, 'l6tssl6Eroo''!
.o.,f,
"rC
l'€UdgP(}*' Qr
t$o,r6r(x"a aoatJ(0&J(r, vtua'J(o Qr63cDc'dr L83fuq'tc c$
Cgd,AErrE5, !R6o6"Jqr,o68st66Jo(rll
JSoEoCd,o AodaCeo $6.Sa([&(d"&f'tfo,3lq'd'F60Doo'
v,,r &,U,(,O.ll J.)6o6Jd,odkyD SviAatNffFoq,o o5tso68roor l,J(,)r6Jqxe(o
"):3
ldf'lClc('o J6r6ooJ00ob act'56radrs(9' bo{x'l
$.a,r0$,rq," $fta,,Jirr, $$ddtoDd
o')!6(Nf)olc(3 8J'!eT66o
$C(,r r6lrJ0rcr, (raScDJ Ja0.lDfffila S!6av6oo'€l(io
36'(.'OCNrCf'Jbo AJ''6'8Cgr DU(r)O[,dr lt+x'ltsCl,.}3|q, 6r6UXrSC
B\JD6Cb3qr)
- ECArFCbol)
r$fl6,rQQc&,5, &'ra LrbCqf$osrn r3qr'Ool' l''rabrb36oU qrrlrS6s rt6
. *U
a"gr6og6rnio;
,)oit*.rr5.orot, uJt'cq'a$c8c1 &ryax6oL 3':bcsoL JrrxTalloo 5^:o8sqr $o6363q'o
d"Lr(q,rb"l, Ar6r$oq,Cbou fols$ ao'€r's$dl (rflJ6'C0o"Jqn Narft1336oE'cbC&tl''
Aggsl-t3b$.
('clrJSEr
J014 $q,ol., b.:hq,a$c,go \3156ob 3':6cr6oL A#bCb"
t$Cr6's€Ce'oti 3':6e5oL Jtrnfl5olt
Ij€Ifuq,(o 0!&'gCbChq'o ArASCOC0rfj q&tFCSol, trrggd3Cq'tC' Ar6'ar asLJ3ErAo
16 &I3docaor ouco)
a',6gagq,o l.rJ3oo,WoUr, l.uhq'aFao r3(r\)dr Mbrb"Jd'ol' $CF'J(xfcbr
oriffr,-irg q'Jmlc,PJ6Cba'r rl616c;, 6xra re5o6"Jqrl Q6fuCbC6" sCf' 3tA50mq1rl$6
U€Sfu('L ltrUgq'aD€('
Jffit@ooo, 0ro8rqrtr$o6Cfuqr) AftCECBqXSotr l'r(r'jrE,i(m
,ge"OO f"ar$ug,t.,f, affiJbc0rlo, D6,ar arlr$5so aclccaJ(r' 6rfr3fuq'tr3s6o l'u3no$3bob'
EXt!b36" brCrtr'(r)3Cqx'ir 3r6<'r6ol-t J6ma!3o
,,ZOf n 9*-f, blbrq,a$og(, &l3x$d 3:6c6oL
bros6JaclQ r6oU Ar'rabrq,C&Cq'o r6LCE'3qr' q$ASCACboU lrse$ggetC' 631$dqpbgq'or
a6Jr<93fr b'>g3ftqnJ6rA ('r JrEc6oC6'rA acdapn 6crOaqya3q'" 6!tou arcDsr<,rtllftr6Cboq)
J(t)lj$o6C&Cqr()
38-3 aJbqx.E)
cg" f"c"-o0s"e'., t5'Jr6,o8CqxrL Lr&IJ?mlt) 3crq'ft,Il(tu
Ufugqo3cpo6 6raoaqr'6rC'9'
aoorbc65X0oU A$lSi6r[5A o'CAOr ,hf'bJebrrC(rl rfut.666rnll
&
0oLrq,oq.ofuq,or, 16oa rfurq-Jrx,) AJa3g638q'Cbo Ar6Ub3r3aCAoQCL J)6cl5J6('lftk)oo)
A.:on{r,l.,So636"Jqnt JA56, ('.r 6rqtbc'CbL
ACL}dexD r6LC0o<rrl bJrol'olo 3CroEACb
0r3t6oggo6o0o3gtcn q.ostbCbgbo qgr JEEodo ltbo3g66er r66CArOCbolrE
6rry266o13$o5rtt
Urbcq€Fa('t J?a€ou barlbJfu., QAlr$6r 2ola $('d, l.,.tbcq'aBl8fr
Jd,odOtC" 0(,$6J(} .,UrbJ3l-t ACir8slx')l-' JffiJ
aC€crl.{Cqx!0Cu!, a!
J6oCdOoo 6'Fr3rq'ou$o6Cfuq'o
SiAd$bQce!&)tj l'rsufuqDJe'ar (,l
3$o6o6666r'
a3ar$a3a'r' orr3oLt Etr6o3'
Jcci.tfud)o,Jq,o(lr5&ea!3q'cr) go6r6Ugdro o6go664rml-r
lDo63qx'lo6ol.' ECgrljCOrLor6' t6o0q'3bog )Q6o63q'o
e$r33ot6Cb5q,or oA QrftCOCboU
5b6Cb!OC6o56 aoAr6oJ6lAo'
o6g(')6,Aro(r)L lDryUdger(. ofr 6.r&"UC6CbJqr' lDbqofrro(')
rQ6o6lrq,o al63c0c6o' $o6Bcq,cu ga18q,ouJ cbc6J oa a536glcJo6oaoJu6)o
o6(9o3loa}c,cboL
Jr6o66o$3b1, sl.5gg 0orr36cr0ou aocf'j $r6a0c6q" bod'jfliou6Uq' o3q'o(,cbcaor6
(.o{r3tsof,Cb3q, (,rqfCbCbL, r6xn0qtBr6 l''rbC(€$(:gr'r
Jr6r6oU Jd'r'rCddoU
gor6dor6gbo[$U oj6r apa-Uc&Jbuq,o. Qr33cbcbo56 QJJroao6cbgq'o
Ar3oBrqr)lr$o6c6qxrbJ6 A3Lrdqx,.5
('iJrACAao UrbqCXrLx.) Sqr)l$(,,3ou A3&'rl,"JqmhooL (D
EcljrbraobrQ, lrrbcq'aF,ts(,) b'Jxrool'r &(9rlrrbacq'c0ol' r6r6crq'ot,036o
6r0oo$3rx.rl-r, rrr,rg
t6o\3boL
(orM6a35
lj.rgrrnb3u j66otr 3$ro63r6oalr3oo 6ro35q'owo6CbUq'o Jr6rACO6C6ol''
A3bdUq,CboLr Ar CaCg6ob L:&3rqm3rqn56o tsobJJqUd'" 0q66sqmbolr 3goboor'
tsCblbraoLre, Jr6o6,)6cteboo, Er(r'3rCd.,$(6C0"Jq(, go6s6l.rgl6o o6tsC1(ffiro(r)u
l$g0fuq,(r)6(')8oL AJL€J,C6<'!A !"JOoqC&Jgo JoAJcSCEOr,r oA tuJ6x11l('l6(1Ao33l6o
e$SCDCSclrJ6aSE,'ltCbot
drlqrf$Ufx'tDou i6rq,rrto' 6crdq'C6t0 P'rs6(6s0oo6
gJq,ooagt') &CSol., b5a$q'o3wo!6o $'Jrq'iC6o 8C6tu ('! aCLrb!
,rQ' lsb3gd$ogo
bo"JOOol, 356s536('l*Ijd, dodr,o,r(r, $6iACO6C6o'
go6r6lror br6o6oL$r6ob 0o6>gX05boor, "$556ob dor6oorrpo Ar.r6s3C0Cbollr Qs
do6rt6oryqpbCboL (mmaC6OAo" Ac13CeJq'o l'lr36<n6&r\x'l ArE3CECbq'Cbo Cgd)Q6<'rAr 3o6!6bolr
brffiolrocxrl, s6Qbgq'o tuJ6,(,cas')&t6oJu6'o ('r
tsouJrq-J6o 36'o0&')bo6'C6ob
aooor3L
a.,e3eL(6)(.lacq'oa 509fub: IS-LM $oJoU aoqecq'U)' 6o06q'og r0 corJ$c
6oq6q'o oo6rq'olr$o6661j
eraoaloecbcq' oq).3cbs(9' ('.acf'c6oo6cqcq' 93 6rfuoqa6lu
52 era(?3loaobCq, qD 93 prac)3o<'CA0q' oC()rQU Qr 12 AsA\)Cb''jo Srdf)61j Q!
q,r8eg3oq0blq'o cdbJC6O0Mr 0Cgrhaoo(2008 $q'ob aa'4otu6'coaoor)?' "ur,3q'5{.o
qCbrbqbr oA AotECDb, 161 6ot6Xbrtro6ctr'4 ob o$r BstuglqrSXbSqo' OrqlJCCq'
ACSo,bBmD0o rbb Srb.i$onDq'CDo' @,cb('O llo(00r ljb3r Ar0'3b as'(Eq'Cbd'
o#rl' U!&JiqxeStQotSo
AJbdlro,)(,,Cbq,CDL q,t oCl$braobqg, oCt sdqtCDo('os SIE(',UCEC8C(,
gctr3rq,Ufr, tu6&rlr(MTEF) &',b5Atr('C0q'(o &'rq6q'ob 6r3fuob3b36olr Orq'JCUqo
03-ll qr 65-12
OoAv6ofCC,30CB<lr 6so6rq'olr$o6C0oo, 6r'rAq'COo6 f'rp 0o&'rboqiolr
6r$oq,Cbtso.) Ar0C6oq,o.3"
o)"Jdgrf)r665b0br,l$jrdD30qx'rZOlaSq'd'l$bN'BA,'lbo-JxrorfjAClt)bCb"Jr6(t,6olj
36a)C*)sCorSa'r6o,!('o-CaCUEoljtr'oo'rcn&',6roJ0CsolT(rraoaJl''jo'U(9CbCboL
A'cUgBcEOoo,"(BDD)A(',OCAJ('tu3r'r<'rsoanAop6Jdx"de',qbb'&l'g(,oQ!Ar'<Do6''c'C
l$Jtrn66c)$o araeCSCoq,Cbd.l
$q(,l, OSACEOoC6d$ (or .)q'006650q3(r' Sg!6F C0ob
JQffiUq'o Lrl6clS6t'lt<'r EsEOC6Caq'C6o 2013 Sq'ol'Jo'3oL 6)Cq'ol'0C6rA
blor3rq,obF,6Ckor,
$A aggrf&'Cor, Qr tr(,d ACAo,bBSlOo Q!a\Co&''
('!l,l.!0go'C&tt'' l''rJdixtDl' bsA3oq'oar(r'r6o
Jc6dDQol$o3ol,. ou6o5 6J$oarqnl'F'6c0cq'or' ot'ra 6r'6cr13 3'$e6Jtvx,*hoL 8^!5af'Oc0oo'
Jfxt&bol' or6('cdE"Jq' tu3trrerxp6o6opt6
brd,roaor
"$'f'€a')aac6oq"o
r OC$qr{'o Sq'€("o X]('lAoaoJUoo tOqnu a!fuCECDCqD'
Jf,(,bfu$Cboo $ CODJtuC !f,
@JE'o,
r(
3o6roqr6 SoSa.oo6ufucrbU A'JEsobr
lj5c6,o,s('6'd'lo lt)3Jqtof,i ts(')6qooJ6 QJ &45?oootr
&6(,)frljolj Jctr eb.l(6ct'"J(,o 3.)dr)qJo)r6 Cfd,tqo $56a'lQtc6oqr, ofSbc
tu3t6<'rX3o6oAo35t6o
JCxrdtuWoU &6.)bet}Oq,o Ssfr,r6crc'"
JCfd(,A, LrbC(,A$og(, boUXCOob J56o6oL
J6'oal6tg orr6Qr6o|Jq,o "jmg6ob dotqoo)s(go
ar'r6rgCaCbrlrr qor a.,a56dr3q'CbCDoll (x'r33AC6$ocn'
(BDD) 2014-2017 $q'SboLso6olt tr4':qgtrto
r 0oo ?o6ou, b.ra r6c.lcr6lrqce'(rcculsiv€) o<loJtr
2
Uiao6oLo6ol., arJ6oCJ(''6o6om6o Ar tsol'Jrq'Jl'er' Jlqob6(''$ol(,CAob a(,QCq'oL
"go6,rblros
6Ctso6aob
a.,a,"Une,a.". roroU 3o :rq'6osfo. rr.3"o. t,X66"e't So6r6lryCro arr6or3ob
-l''oUO0Aobaoc6
Urao6oLO6FlL
auroqsjjoorr aooxi6o. 2m8 $xq'o. aoaoboqB! aal$i')Qcecq' oC6r ao5!61'or
! -The review indicotes thot the model used by MoF i5 suitoble lot the lunctiot$ lot which it wos devebped' in
somecoseshosJeotures.hotfiovebeyondtheothelfiodelswithwhichltwoscofiporcd'on.!conbeusedJor
72 below "
MTEF st)biect to the need to lufthet devetop the model os set out in Secttons 7 7 ond
2013 Sqrf''loSol' 6o/Gb' b(',qm 2014
AB-b tl6Qol., Sol$qcN6Cgo Sq'oUir'o ar83C6,bc(,()
013o6 r6oq'ogl.'r6' LO^sOoUOoJoL
gq(,llo4rtu qor LsE"JJqx,3J(r,i6 tc6oa'ado, 5%-b A3'rqtCEU'
m}lJ O$qUdn' $d'QiA $o6J
braurb06ol, A(.I6ACAC&,o,, 2013 $ert' J"6JCq, $'!'6oi(e'
ac('r60&'o' 2'a%' b(,q'(, sco6c $Jf'ODq'Eo- l'5% 6cra8o6!'
$(,ol, r6rq'obqcd, ic6(x,ra,d'r6
rfusq56o a,3-L t(r'(rfr OOaJo 00(}Gb N3(yrq'Qr'
rBrgS $$lrx')tC QrS6('6(rboor, axrLao
6116rror Q€oCLoflQrC0 8%)
boqx'r o36ob8o rqffi3q'o tuB33fufuq'o 6C0l$rlglr'o
bJCi6oJra('6olJ(.) LlSrqlCOo g(,6(nlj
ECgrbCb''or 3or6rn0o3g6o sCooS(.lbolj 6r6o3q'36oq'o
gg6q666o.r oCodq,CbJ a,Br3ffi3agqT r
ts96gq,g0.>lJo),$,
ogrT
b o63guod,l6o'r ab6'o('!5 riooSr')boL
610,4, os3ob 6b6q' Ssvrdcr ofuCl'CrcoCbolj' Aro
A(,6)ol'i' Jo6Q$o6o
occ6oJ tcDsq'c6J, aco6,c ab6,%, do6ootrqn
l,Jc6o,*,{',olyn o6gcl$r,6ocboL a(,caqxnbJt3
JJd)O6oo6o &cg6c6ob Sls6oaoJfdo sCOrBtlDoU Oc6a06ooc6cr'r6(Oc6cqcbsllot5)
ogo6osq.36o3c)(.l06oto(,),6r.rao6rq-J6o@3-b&'rlr.lqx'rqr63qro0rfu56563q,o2013
&.)l$q'('l(6J(,or
q'rl6oor$ OsUot(36''J(r" bqx'r 2ol4 $q(,l$o)sol,l
$qnl.tJ(rs.r, 28,577 0q'6
SoUo br6p> 31,164 7 aq'6 q'r6raQ3(8
7%-oor)'
c6gq'rco5b, 2013
6,50 asWJ L5a'aMyr,c6qm g.5bc8ou 116('gl!)o, 05e'Jbcq,
tx'lqm
aaro frSOo66<ot<c a!ftCECDcq(, 3yo-l''' 2Ol4 $qxt'ro8d'-3'5%-L'
Sq(,lr5ol3ob
br&Jr<x'r3Jao!6 JcrrxrQao 39cb a$QaCFl'
d"JOoJ u*Jrqx1 $qrU66s ofuq'soo')E 2012
o58q>'5g<rf'
bc{r'l 2013 $e'd' Jo66Ce' qo ACof)C 33r6Oq'CAOo'
$q,ottrosct {.!rf6 0C.!46o65,
-1' -br (r { 5%-l'! brUO(',e'(D tcaelrQ6o663q'o
0q,eJ6o s$3c6Chq'o actrosaobrq,
(oJtsq,Jocforrro Jd,(,OCbCboL D6aJJr'6'(')DCb!q' tsrCorrc8rQ
tsCodq'Cbr tsroo)3rq'ob' CC)(')oL
0br6o3, 0o$oqg3bol, ab6oA!5 l''C6brobr Qr C6C6br'ralrJr6'C0q'C0$C
6J6.lo6oo00uq'o Sc)o)obq'a3o
9r6o363q,o bs63oU
boq'o aCcr63L
AsgsE6C&Jgr' lsCAnScgCEr'
grusaob a3ago6'CNJ a'qxt(9(6o(r" sh8C bb3! tsvJjo{e'coo(,'j
OCbAC6ooC6o, 6rggq'ooo JCf,boU 8!agr6C6ott
abf, , &rq,(r Jc6d',Aao
g'>L3bob 63Ago6'C0ol'
0oo)bo36oU ab6oQ56 J6J'5o56!Qo t0$oq'r' o6gq'rgoob
br?3oqm JSdrx'a96o
ao3r6 5$l$tq3l6.Jq,o ao$&98r6o6o a.*&63b3qo
Qsq6EU. rtr4 Eccbcor fficov',3qr' 'I'lq'oooJol,, D65$Jg'U'
6%-U
o6gq'soooL arfuc6cbq'oL
fftryHffi"#tr#*.ll#s
!6Lcagq,o J6(,b6o$cool,l 6ro3sE'ol''So6c6oo' l'r$6' cqxrlr c6x'r36Uq'o
J(.(rl(Jo3ol, br6rJ3co)o 2or3 $q,(,L o)3bcftq'((D6
0")erD$corry06oo,, ac,fu5sd}Jq,(,
br6JoL
bCdO0@6sAAC 3C6.,oQEo 5.2596qor8 3 75stP-6q-o3
ECA6of)a'5'
6)b0 ACCbCbJ l$056Cro 1lfrI)r'r6or6 6o6>6orgb'l3o lcir30pq'
LsBr6ro66oto 0cBg163bq1bL'
'u*ooJe*, ac6cgcq6ouJ aJ &'a!6o3($c0ol' (x'lJ30c6Qoo'" Jfx'rb6owcfuPGt
2017 $q'(fu!ogd,
&,A(rfi.r{tC r6$dddi (gm}ooogf, A$Cox4m 0r"Jq[ohbCsJ AJ
+2.9GU acraac6l', 6'rc fr36 popa366$9 aJs6(5('ac'o'
J&rsEq$(x<)CbU(,o \,16lrr
gsf,ari('6c61, Lragpq,oo.:<ncs ,rcorxnpEo tuasr'656c 564!6'oaob
6o0po6rdrg SCq,t, LJ3!J6,o QCtsoOoOoU 3q'gboorr
E56a5f,OC65b Lr3.6(')CDL Jr6'&'t(',
12 4%-oo ar3fu('lbcbCbrlj aJ
qo6r0o3oL AoUbCqosSrA ArAlOCooCr)
2Ol3 Sqr)l,, o!6356Frt3oll()(')Ao L!6>63o ls3s}t'xe &n3fur6
6
3369r63bnor 1496-'oor
640,0 aq,6 sBt (rrq'r6o 6cD(oao6r, JCcarE cCUJod')Oo S()6r $3q'or$
4
sad (x,)q'56b acrgd06l'' tx')q'(', oaJc{a'Oo Jo 4%-oo fuaoof(oJ Qr
brotrr6(9r cgr 1 761,0 aq'6
879,0 aq,6 rt6 anq'56ir acDaFaCEb
ra5bor6, JffJ6<lgbt0 o,t5qur'or"3e' 201+20lm' fuXg6olr
"doriootqo 6s')66CfobdT
ar &try6or"JqcsC&tr qng30g6o(rr" Sr,(r€e,aSoE(,(r)r ura'$(x'}3rqr'!6
rcorxDqEo
J(5o60q'o
tuJ6,oCas,er&,J06o b#,C&rl, 3ts6o, Jr"6l,cd,3so0qn l'oc6'6'o' Soa(6c
Joo3Cq,dA
Q! $63 201F2016 $$ JCf'd"QoL) ol' Ec€trQCqJq'
CxrJgfo66ol.,
316<11600<r,
BtEacw(3cDl'
lE€c aoJcfu6o&,. cr€Bo5 .)(eraecnPo o3qrgcDr 2013 $qrtu ac $qma6cq'
tCAcT q6o6t]q'o
Jd,bCooorre J(9, ACbC&,J, 6,10 l$ffg6J({fC&'l5 Ao6qn6fif $q'ol'
OdA#OoCEol, $o,3cq'olr9o6c0(D'
Jgf,&,le, 2Ol+2017 $q'CbollJo6ott 4tCg6ol'j dolr'oollqn
aoAsOorfg,COCOoU ('c\fUAC6Ool.," (BDD) JodBC(,rQo 3rd)oJ6ooo'
oobJ(x9e6Cq'o $q,.,"J6,o ArBSCSSbr(r) 2014 $q'ol$olr, ol4g
0c643fuboLr Qr
6CJqtC)o AdJ-U S6aoU
Cm6ex66 bEgrqm3rqo$
.lgt6rx'rq6o, 6%-ll SC.>q6CE(6' bclqr't Sv6AoQAC6oq'o 3rdmqSoo' 5e6o63qrr
5%-b tscrQac6u ocaBr 2013 $q'ouroBou rq6o363qrr arESc6cbceo $q'r3
A3Ocrer8a6gfuq,o. 6stad5g6o €6J{ Aou'{r'r<r63qn ai8mfub3qn
5r$dsOoAo(,,(rlj
C6q6f(,o 0.r6Job oa|6Co)r6fq'o Joq'oop3ol, Je&\)COoU
08-2013
7
a$3g6CbCq'o
6%-ou (xe5ctcl
2013 SqnLrosol'' 28'67/
6(r<'(.l A,tQr$c3l0oqCbs' la-
aq,6 q,r6o(r, og('l 0r6Lrrt$6"Jeo, b(')exr 2014 $qr,urdEolj &'rbsqx463q'o ljJ36x.)ab(')t<')
%6er 32,221 Aq)6 <rr6raAC(12.4%-.,o,). $rC,aalQra06oq)o 316()160.)0), 2013 Sq'oL)(,)soL
arqLsqx.'(,6cqo 6(nao6.:qli5rn dilJ'l-r a$Sc6cbc(x) 16' QJJo6'ftIJo6c€'"Jqlr, o"J6or aCaoo6a'r
2014 gq,ol$orgotr sq6offi"Jqo a.:8gbg63q'o.
201320165t
2011-
oEAoJr0oi6oU
J6rr6tr'rto 2014
SeoltsosoU(BDD)
d,CrqrJ6o 80J
gsF)or60o
l$barq,o11
g16C,!60o
(0v201I $ )
(0r20r2 s.)
Ls6clqlo(')
7 00n
33059.3
bra'aMn6CDqm
342448
2013-
2014-
2014
20
201
201
Jo6gCqo
D16as!6oq,o
gs6o560C)
Os6or60o
(0e20r3s.)
6.@6
5.Oqo
324n.6
32721.5
31t64.7
50
50
,88
-9.0
JoC)3Cqo Lrb{qq,oo
9rF,eAC6r 3160!600
(09/2012$) (01/2013 s )
6eh
7.@k
33222.6
6.0
tsl$d, r:6(&Irrl
flrrqCrq'.)
JCt6mE'('l,
-8.5
-90
6rlry;q,o $q,oU Sl&rc(nqlCbo{9r5 $Ae0qn6rdl3,
-7.1
6'>$66 "2013 $qr'b LrbCe6$ogo
bq31X6ob 3r6o6oL Jrrxngfi1ob A0U,$3S" Jiffi&toCdotC l$bCq'AS',3(.) sCQoOob
(oJl$6CbAoO reo6offi!, l,tgg6rq,{fC&,i t'ltsogor('i9t6o l$Jft'6tu$o
U5ALrbC6olr
8r86CEC0q'Cbot'
ooat6orcsr rq'Ocf5!Oo"J("o qrt6(')c0ol' l''5Jtrx'66o$t'r ar8606xbq'c8d's 3$acrag'
2014 $qdJ
N6,os6o%o Asel6cee& sskospcei W0c65t0qrc &tut[q$cet' o,,dd
6r8rb34CbCbo Aqrr6QC0')
&€(rr6sf,C Eq'dJ A'{d$qx'{'6Cq' aS3gSg\XaotS aoA$'ogblBo'
tu5.>qrrorrp, br3r6or.r3o5ol-r<r Lr':3sq1$o gcfunU &86' Jdx'A6o$o6'Cbuq"o 6o6o6rq16o
[, ArEOCECbCq,o 2013 Q5 2014 SqlMJro3oL, 031s6,:Aou.>qg, 1,47 Aqt q'rd)oor
03J-
qgs 1,000 aq'6
q,56oo 6$q'Cbor 2014-2017 Sq,CBolrroS"L SCU6"Ij "do6oo,rQo 0o6rgX63boU': qor
Arl0r6loa3qXb36ob cecr3g69fu nor" 6$l$tq36,fq, A.:89fu\X6fu .
6,9r<.;6cr Anb t6ed Urar8Mrdobqm girCool., &€(oo6n6C $S,ttr,oool,
o6edllol, $6(nl, oCAJo aCts.Aooo(gcrA mJOCaJo
8
otsooosqvJ6o
6.Wo
5 096
3 096
35%
-9 5%
,7 1%
2.sqo
5.096
-0.3%
4GA
-6.54/o
-7 gak
9lo/,
77%
4 tr/o
L!OrqSOc'
5ek
0.tr6
l$0rtbl'o
6J6aD raolr5, lr$cpqx,rgrgr5o Jc6.,cpd'ro'sd' $rdeoqo636oq'o
rq'Oc66€rryn9o
o!J6(,cJer6(,lsomr,o boc6Jfn 616&cgq' JtJdOoo&' u6rboJ3aED6
Sus6,(1Cbol, 0rrC6o,*"6r,lh
llEtq-JCX'r S'['l6Qr,' A'(,8q'd'r u63o) &6trt $c6ftlQb06oqt'
bi&rxr66(,u', a$sc6csqcoolt S16. Jc6d(,la, l-Oc6ard'O0q' 6ccrJq'5LoJ36 $r6&!c3ol'r
b6q.oolt
gg6jgo.rt3 a5gE)(,6(,boo,, r6<'raq'ob paoucscbooro 83L:fub0q'ol 33o6o6o336o
q9go0.l'r$o6or 6ol-ro d.6ooJ(r) A5'JJ[.j6C6oL: 3sJo6sqr Qr6tu'I3C6ol''' l'!&JAro
dJq'oLJ Qr
aoq,or6o Er*)o6Uq'o JFmqla!3ogqm6ol'(Tolal Factor Productivity-TFP) $3q'oq'oL
gvc'6qd6o do0t49503q'o
6obgq6nor, OUogq,rx'r 0$3oU eloft"aoJ3f,o Acra<'rr6r6e'i30ou
0obL36xboLD aob0c-qoor, cdxtS6Uao p$stx'rp6oUr Q!
ao'q'or6o grCo(')c)cq'o
J6(1(reloqCqmboL t6,(nL OCA.,JboL lsartol-ro L636s6oo(t6ofupog sttu3aoor'vp
gr6Lb3r3qgbs 1;cr&'lAop6o
qt goEr6L36o o6qr'3r6o6C8ob CmJCACEOocr'j Ao1PA3q,rr
bo.>tolro lr635sfnbr0p6), 2ol!2017 Sq'cbEo lrJC.!6'qsc(xdlo8ou
q'rq-Jr'o ffiJ-U tfu,olj
L$6oa6otxr UrA3oqm ATBSCECbCeo 4 l%-or' Ja53C $UJ6(9l,'63grLXboor' lt!&Jrq'o3t(or6
g,p6o6o3oL 60rq{!6o ArA(qASCbob Sf'(r)U OoaJoL Wv6SfrECb> 50/6o':5 6o6te'$C
fur6rx.rq0o
6Wo d Economic Outlook (WEO), October 2013,|MF'
htto://www.imf .orclexternal/DUbs/ftlweo/2013/02lodfltext'Ddf
T
lMF CountryReport No 13/2fl. htto://wv,lv.imf'orP/extelnaUDUbs/ft/scr/2013/cr13264'odl
s
ReSlonal Economic Prospects in EBRO Countries ol Operations: May
2013 EBRO'
http-://www.ebrd.com/downloads/re5earch/REP/reo-mav'2013 odf
e cobEDoirglasproduction function
c0r
ao
qrowth
ast()o,bcrgt, (.6qc J'Iaicffi5dr: dx str)o a(,{'or&' ts'tCoe'jc'-Jao Jcx"(t}k)o3qx,0olr
t6eoL arerq, $3aJL, slr65 36o3F3q'o qubrtoac6oL J6oa6cbgq' $6prL(ororj6oL
(610 BCCbCAT rTgo6olqlJi6 l-ts6r'r66rnto
b!(ffrubJJ .$ Sgdx'r a,,Qrq' a5SBCtr'Cbb)r'
0JhC6CbqCbl.,, "&CU6ol., do6.,o,J(r) &!6JOCACbobr Ar ffi55o"Jq,CbCbol' ('('B3aC6ooo"-oo'
r53.>qg6o 6J-U td,(r,b b$&%eitx, $g''Jrro a$3CECbCq'o 2014 $q'oLJ olr Qr
lrJ83rqxl3x-oor6 .,Jlr,<x a8o 5%-L s9.:qac6L. reffiEJqrl a'*a5s3\6aoU brggfuq'lQ
6.>&'rgg6Cb3q,o l$bstotlo
Ar6rtx"bCb.iJ b6,As AA3-L
L,Og5o6oo, 20'13-2017 $q'Cb6o &'ILrqx1.obCq'os Aoqtot6o
35 -oQ!6 AJ-b 36 96-a(oC' Aso Amr'rol.r g6o363q'o qs6s$<'r616oL
$6qor A6$b 26.4%-q.or6 39 8%-A(93(do6notqprqg JC6do G'rEr$oAC6ol, 14%-Uq'o
qC6l)oo)
gvqArfr bJdrXbC), 6Jo orsoL Abc,%, Utf'"JfuCq,U.'rtsb Aoa(r'6r6'C rSar6o8ol'' QCEoOq)olj
cDr6aoa('m6U(, Eg66o63b!U AdJ-L -9.5%-oQ56 +2 9tsaAC 56U 12 4%-o(r,''?
b$JpL
brCf)o.*rr6olx'r l!3s(Uor'r gc6qrtrr3 ACgsh8oo(otr33 Ocr6t'rOg Ak'rgq'm
crlcao5'
0obl463boL ltsbr'bolro lt6g6r6nor)' Aoa(r,6r6C r68r6o6oL QCtsoOoOob
-9 1%-()(')6 -6 3%-Aq.o3)
EJ6Oo6Cb! 2013-2017 $qIbao abcrqxeQ 2 89Gb 0C$(o0!51j(
A<nusq'r.r(|6Cq'o
ra6.,E60q,olrhrothsdrrar&€Gr,6r60S('dOc6(Sooc6ol'ai%^:q'ot'So6c8oo"
ao$JmCi(,6o(,or (aAJOC6.,ox, SU6.t(RCaJ DOJbSo(\'CU Erf'A(rQld1e'q' a't3o<'tgo0oao3gO
&6('l8&rt,c6tC, 6,10rr reffiJq'(, a!fuC6Coq'Cbo rlubtAQCl' 60sq'd$t0d'
ao6eo6ld)C $q'ol.,ro€ol, otD 2Ol4 S(r,t
r
l'J6Jol'' f'oAetr'O
ol, Qr L5&$qm3J('.'r6 futrrcrrpao' 616 or3olt
fr6rU, UtqgEAC(,lfAtr 6Csqrf$Ofr, $fr&qU6o 6g6Aob P'r&'rg'rq'dC"rtt5 Qr e5l$6JA0o
raour' tsobJtq,firr, Jt6erybgbol.t
$q,ob lrro.rot$Oo r66{0}OCEoU l,€Ufuq'or6o0rl' Ar6ar
odtr$lrC0(otq dof,rrorrQr) o6qr,Stor,6'{Do t,$o66qg ar3fxrgc6oAtp6t %606r0C8o'r6
rt rA{C
$r6qol.r"F6olr 6sq.r8$$Co AICO{I6CDL 4565$oOC6o
$rjr6,rL aCETLC&,o,, C!d, e,o C}(')E(.foJoU
g"aa'Xocrtl
q"
tsrC6of'Csob J6ar(aiC6oC(sbob $tlpr $s6aop636b'
@CU.;a;LA, .,urit*l.u.C*l
-Ve3oa"
og.rq'I6n o?lJ L lJJi sq'oq 6 596t)16l) s6Qol' OcaJoU dorr'oorao
.lc'aa.e, ro]o-zo-r1
rr6o('G}5GJq'(1DoI t{6car (TI? sowth) oslr 3 7eG
oo{'o$o
isasii,.6chq," e"j&,',o
noO" $Se'nq--,
st}5orrJq'o
b.,q- J$oODq'ol, (DA6('BCDoL v3q'oq€r 1 6% AC'AAo6')'
l, Jr6o6J6oJdO$C o)r6er6o)"Jq'o dod,oorAo CJo6('laoJS6o Qr Eo656UU6o obc.ooJroo6Cbol'
aclrcAC60o
lr ,Urj.r6o6xq,o' 2013, agbq,o IV ada}boqBs", UJc6oJts(,6oL(tl Us35q'coo a(r6QoL ooljoo 6obLc6JbJ,
-Suio: l$c6oraod'ol,c) Ur3tq'JOo tso6qooL otso0oJq*J6o l6-mc6ao
,a ft.t &, zol3;
hrtPriiwww. inf.ory'exrernavDubg/fi /scr/20r3i/cr 13264' Pdf
L€g4("o')6oBobr AJ d'Crq"'l,O"ir'obolj
0o6.x6org6.rao Qroogq'Cbr, rir6 b.>tlr gl4':ab ac.r'o
€Eo&J6Nxrbrt .
6.r6qgr .>6olt, o6ob 6,r6'lq'ou$o635oor,
16o0 Sg6bJgl$rryq'o('rBoal0q'o) tso6r6bud)o
o6gsxftloml, SJ6('60EoL!t, arQra$g0coo 6(ts36cq'(''|8t c6olc0r a)aogc&J&Jq(, $cer
r6UCbo<Do eJEOCbob rAC$JOgf,5A 0r66v"OC6!U
go6'Slry6o o6tsc-l6Jo(r,l' cDrb(Qs6ogq'
aJbJq,Cbao, &,tr6ttJ$(,:Sqr)r 36r:r'rao<t3x.o arh-o6U
ltlbCq8l8f.l DoU?OOrtu .+a'l6J6('{fbnl'
o,!6e,t6or0(,o SslrJq'Cool, A'rbgCfis LJcd'o)r6(,( r' Jd'd'5oJol' 6ro'3tq'ot'F'6CDocr''
b0c656c'jo'
re6o6.3qrt a.rJJaCfuCbo ra COoJ'bC, aooor3u tu'q'ct(g l$6!$oLo
A$m63aq'Cbb 6o8S6Cqngr6oJ l$boq'AEogsr 6.''J0{J0ot'
6.ro6rq,ol.r$o6g63q, bir6o66r'rtr':
ox6a'!r,o.JP ful,Jq,cbEo aco!qr}.'a o#$ a$fl'600Dgeo l,iDo0xco(tl
&6e6J6c'dool,
ErJ6ocJo6oaoyJ6o Q60sc0Cbo'
s6F46rr5bob gcr6&6cDotrJl, tfars6CbUq'o l'ssJtoue
(tuJd,oxlo6oaoffoo Jdr' E(-lqa.r'r6) q'r3aoof'Cheo d'Jcoo
a$oUC6c&Je (of3C600@r5
d,olrJcod, d'cr<'o$5ornb sS6oqgB$o' arao bJorgqc6J lnoogx'Oo
er Je6otrJq,o
r66,CA!OCbolr, D6utmg,6Cboo, Jo, Ut8sArl'lbJ(x.) AC8d.lr3(,C0ot''
qoC$AC63o $qr)lls}3olr, of:C fr*.:^rgx'r3,r(r) E ')Cdrx')('Ao
J6'(jAE')tS0tC fx't6('l60
Ja AoA!6'oUqt0oo' or6Qr6o)gq'o
QxrffAC6oCbnb Aib3C$r UtdPJfuC(ig(.lgl, $sffio(rAC6(,q'
oFJ' 6'CJ(nUOUf'o o6gc66'>gor
l$bc(€ootso &qgag$ob 3soo*x'rgl)oor 6ro8':q'ot'$o6c8"Jqn arBSs6caq'cboL
Lrg?ftg>orSr'rbrl$ q.o.) Agb.)dqm Srarb6CbtC As36cl11s6oAo33frl &6CfuU
Urbttobo
lroC6rf,ol$Ar6 6!6lrb3!gCeJqo &6OoCr'J6'C6ol' tsCacr'jt,30arEo'
brbgq,aftrgo oqqgx6ol, 0caetbrgq'coo
b€XrOoL Ad(,b.B(,SAoU L$f'('lb6cttx'r a')8AC6Cbq'CA(r'rb ()JJ)3ffiCboo' Jr6(,6J((x1fibbC
2014-20u Sq'coao'
orrS('rf,o,"Jq, asLrq$6o aoono'c&c$r5, "'l6r'r66cr$c(,rl 0roBq'cbo<rl,
Aa)13!q'(''brL' 54!Lor6'
trr4pol-r gpbqEoor eFCb! b€XXOAo a(9boq'o$CbU('o or6bgbob
6rC6or)
QAc r3q{Eob ore'LT3Qo
brffivr,OCBod, bJd,roEo A,CCaJq'or
aooocDcuJq'o!'
UsJrrm8&ntx'r Acr6gqx'f'! AdJ-l.ior6 A0a16d)3650(l J$6doQ'
J('lAJf,6C5OC6ob
6xe4,,2014 $q,ob olr 65c6,(,r, boUxrool' a3arnbqgSbolr
U\l6(.$6('lt('| a'$ffihq,(, adJ-U'
o116 ffiJ6o4brBo 25.696[, Aose$CaU' br'rq'o 6r1-o':lrshrqgboll $oq'o
acDq'o56o aoQs
s6roq1$goU0o0st6o23.7%.lr&3()(',qacbJ,.6,!0acobcbJljJbcq€$(R('lbo3tr63r5oU
11
J&,Eldxdolr, 201 4 $q,ou ljrbCq€B,s('I &rJ?OOob JJ&')616x''&Iro
Xrag6o Ar83C6CbCq,o QraCAAoq'.'r 8,661 aq'6
ACa(,UJqx')0C0olj
q'rr)ou (xr6CbC' 650 2 8%-oo rACAroCbr 2013
$qmu .r6rqm6.I3r6 tuBpfto3q'U 2013 $qrtu D€?tJO'tu J55o6oo' 6r6L5WOq'
arS3cEc6cq,o,!6 acar6,c&d, acarDt Jec,sc8<rl, tr6a9'r dofxtor'rQle a'raca&{br 3o6'$lryl6o
.rjgm3Dob 3q'3DoIrJ(lOOqo-6r) Ar srq4g3bgq,CDCklr b6(rt'(30 a96-{'o') b'fa1$3(ob
Ob6qr,).
tdlqr,l,
OcaJo(%)
2014 Sq'ol.r
0oJxJ0ol,
JsEa16Jf,c]doo
aCAoLvJq,C6o
7 115 329.3 4 288 438 3
7 379 800 0
80 000 0
goss6$oo
70
60 243 1
2072- 2013'
2013 2014
ES $t
43%
06%
247% -200%
0(n.0 -41 9% 100 0%
lCOoBCbob Jq'CE5
1132 000 0
a0ar.rLUqx$Coo
8004 005.1 4 55E 476.5
E 425 500.0
8 65r 800.0
s3% 2.8%
6,JO AmbCer Usbgg0$ogo Ora3696ob U58rA$r')brg'I futuls3q1bb' 9o616lor
Ls6o6obo6)(n1, o6g(,6aroffo' J6LCbUqo J6sCOoJoo, &6o86oto6C8obru braogC60bgq'o
Ooegqtoo,3.)q,oL$o6cbll,3fronObraro3'&6qr'6rfu$q'obgr*Fad'qo&n6oqmbcbol''
63oq93fuoxaL(gj\)o$oq,Jo.nb acdrl)Gx)L 6J&rgc6cboo,)'
aJooxL ab'66, 6.r36x13o6<'6o336o
J3r6<xnqnuro8ou l,€lJfuq'rqo arA(nUCECUJq'
6q'sq3boL l-r.ir6o66otx'r po5c6o3.>u qo.rl-r"r6g66o
0r3r6cr3o6<,rdo3gr6 .r6rfup636Lr QJ br6!QJr!b{x'r agarur3qdL' &{r'ob Cq'JUO'rC6o6ol'
go3gogoJ6$30o alboLrt(Bf)cbJ araSc8ol.t lrrts3d3cq'tc Qr do6oox.o Ecaob3cacbEo
l'l''
!A Arar6,(,)Uq,36od' &"6€C0C6oL 6!Jq'Cbc'8(l'
A16(,)
IO('lq,(,Cbr. oaob AldBrqx,lrB,6Cboo,, 6(',a
J6 r6d,' JlrfJC&Cq,o &acloQr,q'CMJ5 AJ l'rC6''or8o6ol'1
ArArOCb(Ex, $qt3r Urord,Cbgq,(,
Jd,rCortrtu &oBrq'olrF,6c6oo, &'l'rQcarQ alr,dqte) h'oosrqx'lt'' o'uaor
l'r$QJ'rbl(x'r ?3&'rlt3ql0ob
&UroarE ouftqbgq'oJ, 6xra brc6'orae6olx'r $q"aacOoo"
o6qn3q)o63bourq.o0o Cq'5LO"J6oboU
oJ(9J$Jgo OoJoboljro3oL asJ6oalefioaoJgf)o
JoCe.\lo16g0bo Arlrrdqxrr A,$l.,b3s3('C&'AClr . $Qg6')4, Ao$r60C@oq'o! ltr6oA*qxqA
gfl6,J('qC6r sJa.)bgoqqcu ro lrs3ooi$5 qor Qx,$U('ir 63droD'r gq'goL/.$rq'oSolr
BsLiO"iIt)C\,J(-o !6 &rEr6opJqd(E, ar(oqrtu (tla3offi,b lrrAUd3qr}.t6o&fr ?pu!Agr6cb('ra.
610 Sccbcbs blbcqf$ow 0.rJD$OoU 3.$o63cma[oor $J6,ao(oac6oq' 0s8663fu61,
2o1a Scxt loaoU l$W$ogr') 6rp766ob l,J6.4.orbbsqo 0cocll$3qx8d xrqcoo
l$J6sr86('|tr,l E(,OU(x',br dCrABCEr 6,50 aq'6 qrst6b q.r 2013 fqxt.tso6rtl boU?OOoL $6o6.to]
sr6lrrte36oe, $q,o"JO s!t3c6cscq,l, o.{o/Goo tQC0rO06r. o)"Jag.) Qsa06fuoL Jdx')oCuob
6,c,rq'(,bogf,xg S.fftrlrJqacE6e aobr6ac$('l5()qr,r Ff,araocEoqo ar88c6r8qt0o 0reoq-Jg
d6rlr .r5.r 0E rqx'rag 2013 Sq'dj kICDOOol, $6e5@ S!6brteSfiPJe A!83J8'JDeCBo'r5' nt'JACA
aoaao6r6c $q,ol, &tkgtt06rl, 006('C6oocbo,.r6 &tr#,o,C8cao ob6oq'Eo arnocaJq'oJ
JrffiJ6(,ftloo(,, 6ro6{xfr$(ryJq'() lttldroaEot, AS0CEC0q'C8o LrbCq'ABRo',gQood'
lJlALrbd6ot &,Cd, &,4(rl6r6C $q(,u &' rrqx'l(6Cq'o lrr6rc6ljrbJGx'' 0CA,L€q'3Orft JoO$q'rQ
ACgJhDJro,rE ffic6orCer&,, dxrACqoo 0Jrfq'o 1.,')6() $q{,U 8 oryb ACb6Sqf,bol' F,(r't06oB
A.rSgffq,Ctlrr A'! ao0qn65q $gob 8 oaolr OC6qtr66o6Dlddb66t3cryr6fffi
ACox'Qb)
Xg6q6otr. JC6&'re, 0J(.orLrbJq.qbolr 6.rq,6gq'o OoJCboL aobCQ3ocr,,2013 $q'ol'Jlol3oL
Eoffirq'Jc) Ua(')t'Jb3q'cBr6o' 2014
6s6lr>tQ3r63q,o br6a3f)o 0,$3g6cbq$o,!6 ffir6oDor6o,
gq,oL &I3XXOolj JsffiJlir"0ik)o6) (.olACAAoq,o Lsd3&rLrr3q'o AlAJrrbrQoL e.or bb3r
biqorLrbJeCboL LsJ6oA6('lt(9 ArtsSCECaq,Cbo SrCOoa6%rQ
oarSC (oo6CbCr 0Cbr6tsf5CU3q'o,
2013 Sq,ol., $q,.,"J6 ACAA.)UorE A3p.:opar:o agoaq6br q,q6'1jo QJ oa&')(6oob Ar(,rl.rJbJ(!nl,
aogoqmb.r, tx'rqm 6o6Xbobs qg.r .rj6o$olr brqrl.,JbJQCbouroSoL qr6g66oq'o A.:Bg60fubo
.gr5b3bl-r 6oaq.oo6cdrg S('oL LlbArL $rlo16, ls6.rq.orLr$s(x, ECaIL!3q'C6oL b&6oa6o$rq
A.ftgS3\XOor6 q.o.r348orrrgaoor, 3.$c'6&x'rgboL 6$4J6,60&,o, b.r5.>otso &'43B3qT t,r
Lrbrerusb)cxq 3r6rn6aq'cbq,obcao 6.:0urnogocqdU$, mq,()qcacbo qoc tuon 63bdq'o
p3q16,> 0o0.r3sq,o $qr)b l.,rbrQJrrbJ(m aSArnbr3q'Cbt0: ,,brAJQJtJJbJ(x'r aCaoLsSE'CboL
q'r
brrbaJ6otsCboLrlj 0r<,ADq'ol.i$o6C&J(, oCEJ 0r3t6ogcr&'rdo33t6o 3l6o6eeh6o
LsbreJt rbreo 3r'rqSLrSo p6t,(r6oqqlbgq,o oSq,oqlbo&, JCt6doA, 2013 Sq'oQJE
aca(,qcarq'o ojss prJeJ66,$o ar6oaJ8o e+6$cq3qr, goto3ptrro J#,oI, l,locatLrgqx"
6.X9$r,)bretC, ACUrAraoUre re6o63q'rl $q'.,q,Cbr oftggL 2014 $q(]U boUxJoao
14 MEASURING CYCLICALIY.ADIUSTED EUDGET BAI-ANCES FOR OECD COUNTRIES. JUI 2OO5' NAthAIiE G OUATd ANd
Chrisiophe AndT6 ECONOMICS DEPARTMENT, OECD, PAPER NO' 434
0 aC'6 q'!6r'o' ffi6od6brb'
lrJBJtuljr3qxr 6.psls\rpr6 arf{Coo tsC&"br3q'ol' 180 0-200
rCoo$ol' 60 oco6o(956 75
ra6CoAC 2014 $q,oL boU?OOEo 6.ror3rq'oL$o6363q'or o'r&ql('rb
o)JAbrC(''l' rCOo$c).E'56 50 0 aq'6
o{orOsaq'C tf)(nu CEfr}Jo' 6(llJ ACAC6Ja5O A(''Us('xq(6Jq,or
q'r6,oo)acooLalQcay&€ar6r6,cqorad,qr)$q$ol''O$($oocboL&ol)lar<'ob$o6c6oo''
tC6o5A6o6flqr, (o.SgCbCboL l,rts3fuC(,tC sQ6o6J('o SrAJJrbsQCbdL l,$6(')86('ltxi
are$q\Xao fu.>q'ol.,OUd'sq.o ESodq'rbr ECgsU(trL
2013
$. $oq'o(%)
2014s.
8 o3oL
3Cb63q,C8s
2013
L5tsU5q'o
2013 trq,ob 8
sooxcool.)
aoutu0oL
$oq,o $q,o36
o3ott
Jr6o6J6oCCOoo,
8CL6!q,Cblao
a!9Eoar6Cc|6oo)
Jr6cl6oo
ArbbrbeS16!q,o
6,:6Ls$q363q'o
Sq,o36o bCaar
$q,ou6o aCbar
Se.lro,3.l,)
t'JaraoL,J3q,o
Arerl,rbreo
Ac)6Cbob
bre.ortsbsQo
erihOrasq,o
63%
1,116,241
r.802,000
619%
1,807,000
69%
s47,707
924,000
593%
, 998;000
63%
1,809,259
1,402,000
53 2%
3,268,000
751,000
ojgo'bo
101,000
.a,lo6OoLl
Lb3s
6rAsbrb,)C.oCAo
uus
64%
15,504r5
25,000
62.0%
25,000
4,010,562
6,920,000
5A.0%
6,950,000
uqeob Oc0io (%)
2009-
2010w
2071-
2013.
2013-
2011!!
2012$S zo13Ft' 2013!!-
20145i'
2014s$'
8o% 9.5% -0 2%
0.4%
70.4%
Lr0rA)UsbIA(, SCa(',Lsgq'C6o
l0 3%
26.10%
Ls€!og|trgq,(r 0rerbsbseo
6.2%
28.60%
AoACboL breiLrbrQo
113%
44 509i
ArarOCBCq,o qo6CbCeCaoU
oaJoi6ool., AserbrbrAo
Lb3r 6rerLrbraJbo
2012- 2012-
2010-
74%
26.40%
26 5%
9 7A%
96.O%
32 4A%
32%
4A 1A%
8
7370% 10.1% 8.3%
8 69/" -6 7%
2 30:/"
9.2A% 71.9% -5.5%
1!.7%
A 5"/,
7 20%
.3.40% lss% -3.o%
to 30% 25 8v, -33 3%
03% 2.O%
8 0% 25.1%
-3.9% 73,4%
o.7%
t3 3y"
-29% 15.6%
0 0% t7.1%
ArJ6o$lo6oaoJ3r6o o6QoJ50.
rr rq6o63q,o A,)fuC6CSCq'o CAU56C0! l$bCqf$otso brMoL tu65OCACbb A! or6bhi8ACDr
oclllg)ue'c8oL acbrbcb aoJq'c aoa(1bo(,grao
Jr6oFnf,ocdotc ar6o,"Jq,o aoaQo6r6,c $q'ol, &axroou
O",6ga3q; a"ri5OXoqp.t,:6^r6. rq6o363q'o b$ro6ob 05ttb36 aooooCbry'or l'rbCq'a$otso sCAo6ob
ll0lrrbC6,ob AobbC6J0rao Ao536oAob $CAoJe6o6Cq' 56N6oBbC'
74
6o0oErq,!6,o tr6J
60reU6o AdJ
tsrLJbob eobC
1530 77 4% 74% 97O%
6,3% 7.2% 5.1% 5.O%
7 1%
85% -0 9% 10%
87%
5,0%
35%
10.4%
oaJa)60o
' reEoafuq'o t,d,AoL OSaJob Jbq'Jug50ool,i, AraoUJECeJe'or 2Ol3 Sq'oL LrbCq'a$oAo 6ogxJ0ob
316o6oo 5r6b,r%q36gq'o Lr6sq,rlDbsqro
E5oolrs3q'cbob $q'cJ6o acaaud'o orB3c6cbq'cbo
- re6oEBCq,o 1t6eol, O56Job 3rq'3SqT grrrlrclr 2Ot 3 $ebb l'5aN'J'sbtqx' ACAcrll}3e'C8ob arfuC6C6q'C8o
OCSQCGOoCbotr
€Co)oAoo) 2013
o,:Csor, 2ol4 Sqrfi $('rt $t(.CEd, Itb3, OoJCsol, t6qrlJ OCaJo A'r
l'$dKq0Brt$
a$CC6,C6q$o Qrat0Docr, QsUtDOstJDJ' llJ3'ir'l001' JC(t(,A:
&rAc&ob8)ai$bJ(nlrEcLGJqf052013Sq'oUSoaouaQb(,ar6cmbooJs6o6JdxecJ$c
or$1osr6oryq,o asl-rcqlbob aobc(o3oo, Sqr)c6o l'r&PJxroo Jrffio(D bro3lq'oL$o6cauqo
(PJ &t)qm l,,Jao $q,ol, 56Jqx',6(86o J3t5a'rqnu5g,3ot' ltJtsrDq'c)
660o1-1 59'3%-U acsQac6b
aCoxea$C qow6(6sl0oo.')'
$oqxr86o3o a5B3C6Caq'C0ol, b5o)Jrq'ol,$o6Cboo'(ft,bo55&1q'roff'l'
63otoqt3 Qrg6q.o6oboo'
l$bCql6$ogr'r rfpo6ol, l.,raurb36ou 83g.irgboor, &lb$6$<'rq'Jgoou
re6o60(r, OdoU 6iAj$Us(rir.r cfJ ffi(rEJ6C gqnl'' &"3?t,oolr Jr6(.6''o) 6$U5t'e3ff3qr)
o)"J &'rgboU
arB&63bq'c,1., aoq$Ca.r BCl$dqxrr 8Jr' RAClr' oa aca(,'b3car8o'
696agr6o
brerljrbre,ob aoasr,6r6r $q'ol,
q]uftlgcbr 2012 $q'olr a('lsuqmb$r brUo(')q'acb5' 2014
gq,oLJdaob&5c)6Jf,ofrb.,(,,l(E(tr'Jeo6sp.>bftrfutf'arilOcenoqorrbqxrc8oolT%-U
A3r(!,d06lr. ol0 6r3oo6.rqtLBECSo,, dxra rF,LCeJq(, b!6rQJ$bJqn Js6o6AQCBq'obol'
EclrrbraoLra, a('lbc8olj 0x.oJJrbt(r,1, Jtrx'r66r'rto gg6q6obr 6JJ!q'o $q'ob a$6.qca(')6(9ao336
Sqlb8o rQboffiC(lo $oJoU 6rqr'i-r'$spoU Aoboq'obCbob
arrg3q,r.rb5 2.3%-rr) SrotJ6Ar' 3r&'rSJOog}Jo<r' 6J<'8Jq'ol'$o6Cb3q'o 0rBffib3qo
.:66rX6^rg3bu, raruo,$,2oll-2012
ArArOCboo eirrbso)CbJr b*o6,oCDU
r6rgr6oUf,o OC6('CEgor 3qrfiq0b.r qx16-l.t Q.r oaJ<{66ob 6)('J!5b')(r,b l$boor AoLJeCoott
AgAcrbcaq'CMJ i6x"66c,tC6ou $Jqttoqrr6.
Ar8ioCkrox, qo6Cqoetbd, 0fAJrrbrQrtu aCt eCq'Co! 2013 $(,ob 8 o6ob 0q3o6Jtr6o0oor
o!6('J6o,"Jq,o ai,rqt8ob aohqBoo, $qr,"Jf'o l,)r&,"J0(coo 3$<'t6<tot
Jrffi)cx'rJtotc
6ro6.rq'oLffi3&3qn 6r60ob 53 29'L AC')AA!61., AJ 8(')q'o U6ao $q'oL >6sqxlogt6o
15
Jgr6rmqri.rso6ob L:E3oqro F,E'cl0d,ose asSSc6coq,cbob bro3Jq'ob$o6Csoo(fft$6$oq'roooU
aCoxrASC ArSf&5(95o<,,), UsbCq'AS(,8o {|(Q(\)oL L!abrb36r'U
aCArUCooq" re6cffi:fq, r ooJob
6rqrbbrqol$o6oLAoAArfiJf,CSq'ol,&a9xf6ob3'$<'16oo16sls$gfuq'o6603t(to
arhCECbCmU AoeSCar ACItdqx'D 6rl6orygcPCb o6oL 6co6cq'oL$o630oo'
6<'rA 6oAo6Jq-J6o
aJ-L t6(r,b a,}ltsq'(,('6Jq'o OoaJo 2ol3 q.os 2014 $q'gbao' ts51,Js$oU49'
9 7%-b
ac5abr6b, JJ6(lr6Jd,oc&)ool 6rolSsq,olr$o6x83q,o 6J83c6c6cqo QrarocaooJ
ar 8 7%-L
q.osl,rbUo36J)
IrJJ06,cUblr.
oAfo6ool, AJ('JlrJb!(rfu agbOgqtsr 2013 $q,()lj I o3ob aQAoard)Coboor 3r6r'r6JlrxnA}3tg
or6p.:d)(,)gq,o aru{,coob aobc(Eoo, Sqr,u6'o UJk'"J?OOr'l 3r6cr6nor 6co8:q'ou$o6c03q'o
JCf'drg)l'rcr8oL UJaJDqxl
a3cq/ACEU (D &'(xt, Urao $q'ol' r6J(xtlarcf'o
ACoaoL 54.6%-1.,
goq,obcrqo arB3c6cbqx6oL 65oa5qbL$o6cboo'(cCl'J6s&'q'rooob
acoxratc a!gf'a6(,bo(r')'
Urbcq,a$ogal rg(noou urausbu6ob acgJ'jc6o<t'' Jeffi3q'o O()Job bxgruJbrQoLJoSol''
Ar8396Xbq'otr &'q$f8i
anAqnbvrE $qnlj bqJXX6ol., J)ffio(r' 0'Sl''rt'e3f''Jqr, N6A36o
0o0qpo6$3 $qroU
a3b\xor 6rr6o}3qp3b oa ACA(r)bSmsAoo Jo, o/'J oAJo6Oot, alaJ'tbrqgoLr
2014
Jr6cralfxtelooo']
$q'ol-so6olr
folr6,fpC0r 2012 $q,oL a<n6gqmbrL UUO(lq'QCbr'
12%-b ful{'ac6ll
ry5o&3q,o 6.4-o.rLrbrqrir brboor 63&'rlt3qnU tdr(rlu OcaJo a)Jbqx'cboor
MoCr)J(,o gc6('r0o3gr6o qor go6r6ugoo o6qgo3)Oa)6'Caol,
g''l'JAC6OoL AobC(o3oo' 2013 qor
2ol4 gq{boLr(,aoL oAJcxr,Oot t6,(nu O0aJo fulsa:Arfrsap 8'0q6-L5 QJ
10 4%-L q,(1S3tCJ
J6)al06(j$o6cbgq,oq.o.:rl-r3go49aJ8osq'olr$o6cbooaJ,50'6(.ta2012$cq'UoaJo6oob
&'r6oq'o$CbUE'o
15.7% EDq'6c,6.), o,"JAOr o6'lc6ool'r br(9rbJb!(r,u brboo'
tr6qnb 6gOJ6s
aal3gqx.)s.r 2011-2012 $qr&0o 6oaobrqPJ6' ara<rb$grg0a$o
ao$r6aJ$o6oq,or reffib'Jq'o OoJob bJQsLrbrQoU l'rbo(,) aoulQCbo
3
4o#oo ts30go6Qi'
S36oUrgqob Jt6o66o9:oU
eraloCboo) qoJJreJo,Jor'
tnacrX6offiCq,.tu u(,)gwobF,6C&,o, l,rbCgABAo )pJNnOob l,,r8uJb06olr Emshor'ot'
A(''S((r,trJod, v',t C0t(,o OC6([6OoC6olT Qo $5fff'tqt06()q,(, AttrSobCod'
bEBrq,oUF,6CSr,or,Aotqgo6q'o)l'5br(.Jl'ib!(xe60AeilJrsq'CDot'6')fuC6CbCqn
q,sllJefoAo JC(6()CrQotr J"EI!C6B!OE(, fup3ir' t6sg g$6U63Cq'g('lAU
Srd6(,.!A0CE('cl,
ioUd'CMi orr6r6!6txrtu6t6
&a$$b('Cq,C8ob Adr.)DJd.l Ala06ftilr5 A'c Fq()l, 0r6A€qmbiao
UoSJf,rAeC&,! ffiqoo6i6C $q'oU 6sq.o'rbbqogq'3botr
OC6(06OoCtl.,, 6116 6.$ltpoxr46oor
rogobCDol, OCE,Q06OoCOdj 0rq}Jtq"ij$(,6C6o(r'(r$(tr'Jq'
ljJJo(,'b$C QCOrq'C6ra AcBoagq)o
LrbCq,S$og(9 s-JAqSoL LrabrbU( J aobbC6C0lAo lrsbXq€$oe(')
0og46]oL Bctt63q'Cbou
&6(r5r6,c(rbdr ACbIW ao,53ftq8ob 5ft!6ofr3) cb$3 bgU6'J(Rc&"r'
d'(ra br65QJr5btar')
ACtuUlSq,C0oll ttJrrro66<'rto a583Ctr'Cbdt6 0o6116o13A9o Js6c'e]Cx'1frb$C
or6At6ogq'
a(')OCAIqr)J &lJ-Uo!6 6o0st6or9br8o c'rlo('lC3q)o SsQJUJbJCgoL
&6gEJt6J a'ooq,()$cBob
b}Jlr,sraEo$(, &"cJqx'soL $trq,(), o'"Jaos 16$ rQ6'ffi3(,o
aoaqr'6r6'3 Sqr)b A'rbrqxq(.60q, tuBec6Soq'Cbto' aJd'
bJbArdroCboo) b)6Jo)8o
OC6(oC6OoCboL Nc',3rqr)ttEc,Seboo',
aoar6ocbrbc 2013$. $q'cl3l6o lrrBo3ry36o Jr6('l6ocr' tJ$c{r'oq' bc0a36
arts3c60bq'caor6 Q5
2014$er,L
3s6<r6Jr6<'r1[oo0!'r'3rqnL$o6C0"Jqt'6'(r'jUOcaJca$csq6<tr3q'
a*35s3\,94o* aoarrru{b$o, c'ro 6oq6Cg')Or5o 3o0Jc6366os Sn6aoq0Eo<r'
,lrtm66r.rtgboL lJJgUd3q,(,r6('IboL 6C[iJtsrLCbq'rA'
t rbCelaB,E('l 0oU?UOol, lrbsi 0Costl's8q'CDo
6)!0 ECgbCbJ bbgJ ACaolt3q'CDol, l''$6m66t,rtxn eo6':Ao.pl-r'
2013 $qnlr lrc&r"5g5o 3$o6rtr
arorolr.)e, 2014 $qr,ll6osrri UW scad$3(!Dou lT l6(rsEqtxt
3m Sqf q,v , Ai'lECbC, o,"J6Or &fiAoEJr'A $cq'o'')6
JoAJo6C6O6mfr 636pgrto
arogq'c'|Ds a')El'5tQ36'JqoJ
qQ!f'48oo %3q'J0s Orq,Jfr|q'o
ac&JTECD(,Cbo Jci1'd('lA' tsCl,,56JAoUrA' tO 5 Aq'6
q'r6ooJ G'r 9 5 Aq'6
q,r6oo o'bf)Qcor -ECa(,LJ3q{bo l'r'r33ofr36o<-oc6" ('r "LrCo6q'ot's QJ 6oaLJb363bol'
r6slsrs6' 20 aq6 q'r6oo)
6g,rqnb.r6mb" aUbq'o<r' aobrec&' a3a'rr'>3qf,6ob &"ouqx"br'
a0or)('cbrBc6cUqo ar bb8r r6r3q'i'otso0o6c63q'oac&'b53q'cboL
ar'logqxtbs'
2014
2013
I o,3J
$e(ro6,o
$rxPo
$eqC6o ECbAr
bc6ar
82,500
42,504
12,000
7,440
11,000
57.6%
21,000
2a,947
51,000
56 89;
5S,000
F)J6Or
6,118
10,000
6t.7%
6,500
LrCo6q'ol.$ Qs
AoabJb3f,CsoL 6$q,o$50or
35,863
61,350
58 5%
70,800
r()Ao6obO650o3q,o
34,419
55,350
62 3%
58,800
A0aa,brgq)0bo
brJro,6CboQrE
Jtr,{'lOC66o
AoLrJr6Cbq,Cao (gJ
Are!LrbaCq,C6o
77
r6rLr85t5o SdrocD
1,384
6,000
231%
2,000
83,751
100,000
83.8%
100,000
Srgo(.o0q,o UrCoECq,o ar
1700
1,650
6CbrUmtsqlalDoo)o
O6r6!tsC6Coo
65,000
31,701
bU(l ' bb3! ACS(,lrsS(lg8o
48.8%
45,000
64 6%
300,000
oad, aloaaq'olrF6cooor' 6ioa 2ol2 $q'(t, EcaoLr3q$ou bJJfo)f'c6o(o!6
)C,sorJ6$r6s(rAoCfr) ACbdrCq'CD,* O06Qc6OoC6o do6oor(.rQ Cf'orud'rA
{l(r8oL braulbg6ol'
Brar6%bscaL(arBo(oc6ao, 6c6op) Sfrg8o6('cEr'
ECtsrh8r,o, 20la $('ol$o,3ou JeefrUqr) U$f,aBB'l$o o'ffiq{Eo 6C6q'ol'OUir'lq
&JodgCDs ACtsJliACb. or"J6or A,6Arl6vi0 Sq'dr 006(tr6ooC6ol' 6'ro,3rq'd,F5C6oo)'
Aobtr,C$c6q,o') ATATOC&d, o#J, ar6Ev6oCog|q,o JJ&'6J6(,eI5oo' SJ(,Bcq'oLSoECqCq'o
U$r6(,Og6O('l aC&rucaq$ob vr,UCor,o,o t6('.r.
brb gq,a$ogo bog2g36ob 6cagdtrbaggq'gbo
2Ol4 $q,(,l, 6().JXSOoL 3rffiJ6(,frIJo(,, 85Qrtlsb(.C(,Cbo 0r6l.$'bq363q'os 9,009 0e'6
q'r6,ol, Gr.,6c$c, 16.10 2013 $q'oL,
(oracb&,q' r6rq'c.r6crJ6) dr866363q'L 3oeoor
rqcalocbr. SqgsLrbqgq,gbol-r $6q.os ffioorcgrqo cglaoaaoq'oJ go6s6LtS6o rlJo3SboUr q.or
bfu3boL $64-ooU bsrixbx, tx'rq,cr vr,Jgo6r6lro6,o qJoqgbob bt5q.os 7 4%-oo 0got6q66'>'
5ebr6o6s3or, rvxn0 6o3136olr $6<16.,<rr A16115$(36{(r, Ar83CbC0q'J6oU U.g3fu3qb3 2013
2Ol4 $q,c88o ArqodJrbeCq,Cbol, $6)(r,L OCAJo 6{q,Cbor 2012-2013 $q'CbAo t(6AoL OCAJtC.
JC6,&e(o, brdrxCbolr a3\,otr
tn6qr,l,t $CAJo 3.2%-tr ACocrACEU goSr6bu6o JCOo3CboL Jq'CboL
a3\'olr tOqooU 6AOo -38.49G.)(9J8 (2012-2013 $S) t9.66AqD (2013-2014 St) Srtf)Aoq'o.
s6,Aob 0Ca3o(%)
2012- 2013-
2013 20t4
09
bJeXrSo
?,248,47 4,4.@ 7,44an4l0
6,566,316,000 3,426,282,057
18
$!
70.4% 3.2%
r6!Bo6r6b!6o
?28,455,6N
306,986,599
720,918,300
667,654,3@
-70% -l4%
372,654,2W
145,513,381
229,725,0(n
274,7(n,6X
3a 4% 79 6%
324,9\0,047
549,382,300
584,281,300
294.?% 6.4%
1,603,692.08,1
8,718,5m 0m
9,009,000,000
t2-t% 30%
sCoqCbob t6Qr
tso6r6b:)r6o
5Coo3c8ob'b6,er
Ss(lQCOUqCbCo
ob 3q,CBt
ararlJrbacqcao
olaBr rq6offi3q'or6 qosJrgao6cbo(r' lDgSr5sqqc&''r ffiao6r6c $q'oL 8 o6oL
aeoc)ar6Coboo A{orlrrbQCq'Cbo! AJfJdrJq'CboL a(6('l456C('l65
6('lb(')60 sA636rOUE" oh
('aEC$C
aU,rCX,:go ATFJTC&fq,CbCbob qm6Sica 6rta'rq9' A''d,?o3o A'A$CI'Cbg('ChEoL
2013 $q'ob
rd8ouJ0ol,
b'lo,3lqiol,$()6C&'</" t6t%odr6
Ar6c,gq'C6q'o (,!b!q'o
Otrq060oC0rf'
b€xcool., &a('rsrf,cobol, oCl$bca ao,Jsf'Gld, s6'foafu l$b3q'a$oeo rUPoOdr
brALdbUfd, &'rblr9636r3o.: Je6o63qr,, 2Ol4 g(,ol' Jr6o6J6('lftboo os6l$tQ3dtJ(,o
arE3CEC\,JodJ &6bo$olrJr aob)6AC@oq{D aoa(n6rr'C
gqrf' ACbfPJ(,CSob Of0q'C6oJbol,
br'o,OJqtolr$o6C65.
Jcf,&N, ll!ffc6raeJ0(',5' 16<'10 6sq'3ggq'o Caddq6''$cEol!oaol''
&,s(r6rf)c$c(,lr(.letqr,
6rg6('c6ooso#rDaor3q'J6o(dreffiJRl$Js'd'b$c
gtsdx'r ACOrq$6rA lj$0q,A$ots(, boUXCOol, &'6(r6r6'Cs'Sol' oCl$bCb
brALrbgdrol, A1bh6C6!Ao! arcCfu1qrl)' $6c,63fxeebrr' ACOACiqo
$gob Bq6X6ob 3r6o6oN6 eJQvq0Do(,,
trx',aq'cbou.rBol,lo
UibCq'a$o8('l rURoOd'
arfuCECECq'o &€Ar5!6C
ot6,AC65 s6 oEe3C ('sECtCr ACtu6#eEC&Jq'()' SCA,o'
aoo]egq,o gb6oq$o Ji)bEb oA f,fx'rAdr'tftOnlr/&dO<'raala0Oolt a56rq'oo'Cbl,'
dxraC(,cr)rg)gouso &6qo5.r63 $qnb 9 o3olr 0CAATUoJE Aoa)f'oCbrao 8 o6olt Agbd)"Jq'C0oU
a(Far'rar&1rnbi 3OCFbJ Scaq,C6o.t(Crg ACW,"JqlC6ob qr$tq'o afBC6C0Cqnr), olCdOJ
tutu3Jqn
gq,ob &,"JXrOdJ JsffiJdxeftb.,o (t6C6&q,or rln6fufu0ott $6Ar 16 6erymq
gmoA3f Xqme(vr,llCbgqlo Agb0ol, 3096-cl<r,) ECAOo6COT'5.
2013 $ A16A)
16
t.Bd}Jo.r 8 o8<,l)
201{S.
(96Je 9 oAoL
aJaat
lqffilq,o tuorq,oo,C8o 16 alroOBU $J3C OC6Q966rdr oA r6er6a$Xbu, tuaqoDng dd<,oo,{.orQ
(EffiCSd, ArBo6.)SrC&,o, bo6ooCq'eCSr Ar aCbrEiAoUtA (o5AC6a& aCutdq'or lr63q'tQ Ao,$6('lM,
AobJr6COorbC 16 oU(''U ('5ao3oQ9&jqr)
19
06 04
03
UJr68S5o LUbodOCboL b.)OCq,S
5,000,000
200 000
l$bJqn3fu 4., 6r6rd{,Ja.,b b3(,6rqjc,b.iJ
33 05 02
01
0.0% 2,170,000
2,999,900
33 05 02
553 700
J3q\r'cf ril.r l,tsJihb a(a6(n6.rr
Jtd!c6.Jq'gc8p! Lxft J€rD tso6(rlj
&,g\)oJob araJ8 ,0i8r ar A.!60,3r
ao'/.
470,000
#fqC(b %r..,!'lrJ6l!oEidnqdo.rrr'
(3060l$ (s l$&ir'6oJqdr
38 05
lt?E$".u]q*
02 LrOUto qc,DoLdorECbo
5o,ooo
0
0%
100,000
500.000
0
0%
500,000
2013 Sqbb
6CAa"
:4 05 03
24
A6
tCb!
r,rt,a.L i\Jalj r'd)nt l'i[ n,rl1-ir
l}lJsooAsqnb ao06 UrC6orSo6ouo
1 500 000
2 000'000
8 o€ob
2014 Sqd,
roBdrJ[i
ac6tu
3%
16 3"/"
26
1 500 000
3,500,000
brq'ts$of (,ablD@ 6rJob6o srqNc}J(,roFoL
gr6,aq,36io
t$ rldBrqoL rCdxr&r,OJoao
l$31160 boarq'(o5oou rBric6)-a'rff 36ol^%ou
I$3o5o 0o0brbC(.C6ob bJ6,Xr6ob 55J1,!rU6Cbr
(alo Eo6oL, t'o6.t $q,Ca?o $n6a('|Ca5..{t
32 A2 ',12
32 05 02
33 02 01
lr.b3(rm bcqE36c0d, aq@,r.'c&ll Jt'iFB''rs,,
150 000
150 000
30
5,000,000
33 04 02
02
48.000 000
34 00
odJq*,o, a.s{r}rc'OqTeJq, J.,r6o$,
$A$b(t8.t)r A'5 q,Ont(Br{6 L}ad.rtfxa
850,000
34 02
a$rrbq,C&rlJ(r'd.qCbAoA,S6.{v$0c6$OQs 42,150,m
brAJ
20
22.6%
1,355,000
218%
41,066 000
20 galo
34 02 02
200 000
35 01 02
a2
35 01 02
03
l}roQ'btQlilb!(oa\lq'o&ni Jf nbrir'r
1 587 000
22 A%
1 500 000
38 02
6$Caok lo3()@ tC(,.Ab,G/&q,obr
6,999,200
25.3'/o
5,840,000
38 03 03
!J.\)Uii. nir,nr ArG.l{xni.'C\j
150 000
'113%
r50 000
49 02
.4Jq3oooCa.,U Ao'bocBol., bC(,?Cfu oA')
1217,500
201o/o
1 208 000
35 03 02
03
r AfxrAoL'
tu6rq'rr(,,olr.ro8olJ, $6o66Jdxeeboo, Aro&rqd'F'6c&J("'oJ l's+nloACq'a
orgCl6o AJG3dj brao6drJdx kPJx,Oob t6'Ar 2013 $C(,(,'sb
Xs6Ad,o,Cq,('lb(lrr
(.r U
'
ACesd,Cbocr) 410 Aq,6 q,rC,oo, b('|qxq 2012 S(,ol.t ts.'Cor''lbf'og
B3l.regq10rlrot6 aoAJ6,o'CArAo
96laq,6q,r6,oo.20l3$q'otr0caoJ6tutsc@Jq'o'!6aoaJ6o{6J6o$cq,rtcaJua0nbf6o
uerq-os ln3o,rq-J6o c9s6gour eJ l$Jc6lr.xr Ut636mq'flgob(35
02) JFx%654r$cr Qracaaoq'o'
2012 6<,.rr A'*jn
2014
2013 Sq'.ll
$q*
6tear
U'tSar-C<,*d e" lF$dqafo AsCO"b
.9,391,510 00
rqloJ<rJrr ascg) a5 lDlc6lh !&6):,E3agu.lsi
1 398 583 790 00
43,802,000 00
"
35 02
I 652 452,000 00
4E,900,000 00
1 951 245 000 0
0
35 03
332.782,030 00
XJ6€riEEqi{.1, q!6.U JtrF,Siile
o0
15.000,000 00
633,746,000
13.105,430 00
dos&<F,r}\]or (|r
35 04
l$aCGnO.&a A$CltJUCqrOe
35 00
ilti:uii,,-oc-u*.a+ x$eiocqF$'tu (P'
l''s3'862''6o
736,02a,000 00
1E 831 000 00
oo 2'3t5'0oo'000 2'7s5'000'000
l,r,od{Eio (lllilin'L*Sd[ltt
opJ00! 0<,JCUq, C0CJ6,ctSfDACb$C $$'&')S'606oq'o kr"JQOOo 16 CBUdCbr
JrgJgq'roorL cE Ao$6CAl,o v6!5 0,)El,rt{Beoqr,
l'ror6rqx'l
2014 gqxf$oAd' Slh6({,(, qx'q6oL&EaC6o'
6r aot6ooJ0$ u6l.,')t(Bl6"Jq'c, lnbo"ro0o Jr%6Ch0ol' t6Qr'
tu6.rqnoqp, l-r.$o6oUo6xtlJ rJ56,!Oolrr Qr AoU q.or'.hCA('Cb560br3o ag<'rgo ol56s6ob:6qboLr
35 0l)
ooUXrOo (06,('!dr, Xltsf)oryxrbcf.D AJ U(,oo5qvJ6o Qc$ol, J6'86JACMI' &rt6ogs
6rbr6eoq,o! 2013 $q'ol-r 6oCDOOo'r6 6CQr6'CBoo'
5,098'000 q'rr5oor' rQ6obJ(,o J6o06)rao['
gv6bq,Caao eJr3reCb.)or J(,l6o6(.lq'oLs QJ CJoQCAooq'o6o36o 5U'rg6orboSbol-r J6o66r0oL
6sdror3olr $3Jr6o6rrrr0ol.r (35 Ol 03) OrrJqOOob tC,(no(4'a35,000
q)r6oo 6!0 Srb6(Qoq'o
bo3xrooLST%-or),o1306rq6o6gq'o0c6O6oUaos6cbo160rbLb3r3Qcar20t3$q'oL
27
or>6>006o03q'or
ljraor()('r
brffi%oo ar6ljrteat!3q'o
ar6l.,rt)qa6lJq,o 0otfu0olrs6r6 Qr
ao650CaCA@r6 ooardroCb!8o
6boc.oC6oor qor o}EraQ36o6r6o3o ltdr6og 333q'Cq'os 2013 Sq'oL
Osg A6bJ0s Lst6osq-3f,o ps6ol$ q.o.) l,$C6!rx' UE6zJESCq1r'rgoll
02), lhoorqfg6o QlbArdrCDCDd, fi6l6x6Osa<fr
J6'r'l6656rl'(36<'r46 35
(35 O2 02) D('JXJOo 2013 $Cq'(,)56 3C456)Cboo)
pt6qgoqn.r 117,340,000 q'.rt6oor, stul'torsb, gq'r3 3q'o6q6br ftr6l $q'cbao sJtu3q'c6oq'o
6,otcx4,O $o6i $q1bBo, Og66Ctqr'tC&Cq'5qo v6oL 6r6Lr$Q36gq'o
brf)gCto,
JC(6&IA,
lxroorq{f,o &oalr.>bgrfu6olr blJAcEFl, FT do(.55€6o tt$sx'l(rlGrl6ro(x'l M6iJc'Cbol'
6og1X6o, 16.:tgg rq6o6tqr)r l!bCq'a$(A(') rUQooolr
l-rcaltbgrrnl-r &rbLofu8rAo ['rbCqf$(E(')
boCXJOob AoOqoo6s6)Cobot aCurhb aoJS6'jobol'' )bbJ6o&C
5Arbos6 gJq,JCAe ft9Jfx'6CM3t6o, rrx'rAq{B8o6 Aoa(rSJ6C FJq'll Qrbq'o
w4ol.Sbolt
r6L0boo)o b6(9r'
g96(069o., 0.raooJ30o,r, QrACaaoqr,r 201a $q,(,l,lr(,ryU rLrr6fub30ob
(35 02
asaJqool(g, IFoosqur,o f'cro(lqqjJoo' ('5 Lrii0Stc $fufuou lbcJfx')6d'laobrqd'
03) a'r0r6&'q'or 201{ $q'ou bogo.loolj i56(oJ 2'088'000
q'r6oor' 6:or tso6oU:
. a.r3lrrgrlt, brg}3<rD or€fubJgf'o<r' 3$fufuCq'grrgoU fiSJrrxo6Cr':aoU (35 02 03
0a) &I3x1Oo 6rb6'(r{'r'jr 94'000 q'J(rinor 2013 SCq'l,'rE fo('nr'C6oo''
6olj(, 2013 $q'ol'
bogXJOoU EC[i6Cq'Cb,r 3o 8 o6ob 6r66rgqxnbrBo 096-oJ'
. bJBaSor rQ6c0eo a5fu"or6'cbob $3Jrx'r6dr$r (35 02 03 08) 0oga5$o
0J$f)(r,q,r,5 55,000 q'uir:o 2013 $Cq'cr'r6
A3r9rf'Cbc'o" 6ob 2013 $q'oL br4aX6olt
BcLr6grgobs .}o 8 o,3olt 6$6r3qmbrtso 3996-or'
' gt63o; 3o&35o3rgooU bgq'83$go6ol'r i3gJfro5fMol-r
(35 02 03 09) bogqxxSo
brt6(r,q'o! 11,000 q'yloo 2013 $cq'oD6 63pr63boor' 0ol-ro
2013 $q'oLr bo0x'0Oob
ACUfr:(,Cbr,p 8 onolt 6r6tu3qx"8r&' 006o'''
r q,!AMr69 L!6Crq$C&,o, 3$f,",JfuXq'{rclg(tj SSJrrx'r6r6r0r (35 02 03 l0) )
boUxrooalb6aoq'or75o,5o0q'r6oo2013$9q'o'i6ts3q.or63br:or'0o1m2013$q'oL
o(,)3D€Oob AdrdJq,cbs 3o 8 o6otr 6r66r3qx'rbrao 2206oJ'
20!2
k{tr
ts'J00
,O,l!l< r,
trc.A
2Ol4
E<Yn sSi*!oq- 2014S<t$
Jtlr,(,ap e"rB$ourc., kaxrddr
t6qa
&,?i(,Oo ad8
2013
3t6, otl0--a"Ebar6clr"!g.<,06&; :,ror"ssom 2,71s,soo oo
3,466'00000
22%
750,5m O0
g!6C63!qr.,9& fuDF "6c',0!
1,051,000 m
35020305
569,10000
3,796,@.@ 4,2{0,@ @
2,154,790 @
35 02 03 03
s5%
35 02 0l02
35020311
35 02 03 05
J5 02 03 04
35 02 03 03
35020313
!3,5@ @
g$(e,J63r(rne.lr $aEf'n6hJ&
SgJf x!66raC0olr!o,3olr.
2012
eJ.'!brq'c.5
f<{t 6rdtu
153,304,79000
505,760,00000
201{ Sq\rU
35 090 000 00
9t 896 000 00
278,146,000.00
ArL'rbq.C.6.b lsUn3!(N Xltn6oaqt&)u QrO3r
325,230 000 00
35 03 03
uttrnr(go3rm.lo XsE€6.'!c'.,e* es@)
33S19,71000
35 03 0a
0mlJ.[qD('!.rsry$ lIA!q.O.6.' 6oa!$JriCDoU
a.$n(.iri'! r.r)i6.Oa0!(, l,lJfu 1Jln'
145.E43,310 00
35 03 05
2013
ts'ly,
7a$Oridrrqnldr elt(l3G)
35 03 02
iqdr
eo3<mo.Ln €Cari. lr50C<no.6m 0r6sK!3J
53,162.00000
78 866 000 00
1,000,000 00
(35 B Ol) 2014 $qrlb 0r6,Ar('A!6rlqr ACa6otr'30lJen
X)646,o{qxrDolt At$(g$r
Oq,oq,Cooo)to ts3d6o66b3qo'r
bryq6$olr 227 ,614,000 q'r6ol., br6(Qr, 2013 $q,ou
23
76,485,500 q'r6oo. o,.Jaor J6(9ac,laoL re$c6oo a(,ocaJe' aoffi')birrs xoSBcbao $qoq'cos
16 r6oL, raJbs,r6, 20l3$q'dJ 8 oBoL a(,a('lar6cas.s,, E0LOUq'C0J aJtJboceJq'o 6'IJxr0ol'
38obb AClaoCElr,
l$tr0re,c,C0rr,qo Xr6Ad,o,fexrD.fi A50Sf, &C,)d',SdDAf'roBrU35 03 fi}) (or8Cb&'q'or
bogxjool, b6a'.) 18,072,m0 q'J6oo, (96 1t6,(,5 0rA(,$3JU(r,r o6gglooJ6o qgrs3sqobC&lj
6.:r6onoL (35 03 03 06) fiCJdx%6,t6oL JT ECaJ&ol, $6qr)o'
(15'547'000 q'r6oo)
lsao6oLgrtxoqo6 &,e0aJqo 8$A#DCboo, o)JEboL tt54-or bs&tftC3q'or O-3d$oo''c,'
esrOrA,COCq,o &rb5bqlo6ol,
f$affidSrqx'tQ, Cr)"JoOr AJ6lr5$e36lc(,f) Sd'(.r nr' Cgf6CbJ
l.rro!6s<x'r 65oSq,Ctir. a"$Co" cr5 rrrrir 6l$36cqrr bJao6ol'Otr'(,L ao3O $rAqo6X6oq'
boU?OOoCr, 6r6Lr$ea&J(,o Jr6oa6sQ0ob acrl$qx"(,6cq'o fuACacbou Qr
o6qooJrood)cbol''
arErOCAC&o.
&rbbq,C('Iad$oB(f, b.3ce(l3o6ct actflrrb,gi6cbol, &,Fqtr 36oetr'oo0ogg l8c6c{66o
(35 0B ol) J6oa6Jaourol3otr qoc6g60oq,ol U60q30(Jt)r" .,Lob6c0cboL ts36go6)cbu 2013 $pos6
AC(ovr,Cbo(r, 13,030,000 q'rdx,L (.lA'C6oboo)'
GfrrbNrcor
201 3
f(Yti aJatu
30ao
35 03 04
09 6CBCl.N(.fb adb.suJdtroi
35 03 04
l0 lrl6qqrt6.r drq,f0o AJnfuS
1,500,000 00
2014i(xlj
0t(D6Cbr
J6odoo
2013 $qhL
1 000 000 00
(500,000 00)
6a'j)q,rC0ou llJaC(r,odat
35 03 04 03
oEJ.BCa$og%.tJt'r'
475,000 00
35 03 04 01
3s 03 (x
35 03 0a
0s o6J!ir'!acq,Jr6 JE.{600r'
(r
oa3.Nor ($.€rACbJa.r,
2.375.mO m
4,379 000 00
ojo60 (I) AJ(&B
tuEr.n('zn(D a.r'iq6J((t0,)lj
24
3.100 mo 00
725 000 m
24,590,000 00
't M3,000 00
5.462,000 00
1 083,000 00
Aqilr6(drd,c&Js
6J36tuqrar
.rE
'nEost)
rarLor6, brAC('ooo6('l ('5$CLC6Oqdso,r qrboq'(DroooLr Ar rqJC63oU(35 04) J6o05!Ar,
2013 $E Ctu al$ulrocere'o bogxJoob 8 oaou acb6cq3bou r6rq'otoor 6':6oo68car Qrbrq'o
EcLfrJqtboLaJt3c6caqno'6rt3gb5bcq'a$'Ret136pr6ouUcattfut<nLaobh6c0$aooJ't
re6oftFJq'o, d,"JAoJ 2014 $q'ol, 3s&,8)6(,'djo('' ('roCb&'q'or lqffiEUq'o Jt+xo66r0olr
sl.ro6fub3boL tr6qgr 3,831,000 q'r6o(r' brtd)aoqro 2013 $q'oL $q'ol-t 6560sLtor'r6 09qQJ6c6oo
qo
6r6,$ffoq, acao,bgc6ct0o lrb3Jr,rbi a€(r5s6c $q'dJ ro€rtl06ol, $66q666n'tls
e'l653rqr, Sqd, SCAATb 6(rfnb ACLlde,cft(r'r A$3$Aof'Cqgq'(' ogpb 8o'J36'obd,
J6dr6o0C&1bol, .)6 UOfuCOg6Uqt $(,oqt&Jbl,! Ar qDbJ6COo"Jq' SrAJS$COoq'CbC6o'r6
q,"JAO\ ad(r6Jf,C Sqol, hlrdrJQ8ol, OoEQcEOoCDal' S,oBrq'dF6CEoo'' $A
Ad0JAagr 2OU Eqxt .!cr'3ol, AobBCEc)6oqr)J
(6flJ6'A6l'll-, AJ'rL1A6o Sqrfu ACEe'lvJq'c'jbCbol'
J('l6h6grrjf(' bCCBJlr, 6iorr o.v3o('t6 ofJt tO.(,cDtK'() fu()U UE'AtAq'obJAo $r6orgJ6o
03b'rtr'$olnbr A,r61'r$$63q'
Jo6frl5o66sCbo AD 3t6,UE3Cq'9crgoq, oj6.>U 'ro3ol4boU
vCOoq'CDCq,oJ
ACSa*o56. rArLorr5, slr66CbC0rfJ sd,ltd<rrl t6(rf$b,
Jr6c6Jdx',&boo 0.)dA6q,(,lrB,ryJex,
ara3g6CagDo Arfrf6ql6cil' l$d'$J(m b$Ep6o80bcbl''
610 Eccbcbr Urbgq€$ogo 0rryq61ol-r 6.\grlDbq.ocq{bol.i J6(x'l(r)ooc0cbou aobc(o3oo)
3r6..r6)t5og[oor
6$.:$oq66.>1l, 2ol4 $qnb |lob3q'O$ogo
AoOgqmbOoou aobo<prgoo, &ffir\)Co0bol, JodBC(r) (')d)bo J6d')6o(}lor' &)a(r65f'jC $q'ot'
rU%Ecbcaob
,>6sq,o6o3cro.>: bgq,aobs3qnao br6oLbor6o xr6(oro3J Q! l''ooorq-J6o 3$F)!&3c(,g(')tsr
(35%); o)J3qeJ(Br, l$ta}6tqmc06(8o $gLd,ooo qor 5U')E6cDklcbJ (2096); 6$ro{'9br, a36oc6cbJ
p.> Jfrogclrragq,o a('tftr('cbJ (14%); 60Orx,6rql3lrro AJfu.,o,r6,Cbr, o6g6')J\lefrb06r Qr
e"ao6Jqud'
bs&ebrbJqlbrao
Og6,obao (13%). 2ot4 $q,ol, 6o3a3$oL J56(rbJ6 lJoo
lbao 36'x!6oOCOobJ - "6C0cx'6rE-Jd)o
eJtso6!6l.,CbJ Ccc6aCOJ $Cq,J J6oo6oOCOt, 6st6qgr
0r6goor6Cbr, o686sbo&Jib36r Ar
Of6offio",
6r<,r46oq'fb0q' Jo6o)r aJ
dogrrrrEgorr Lrbcqf$ogo 6bv(,Q5JC6r qgr d,C.5o366r6rnb bCgfuBJaOJ" CQs ,ljJ06o5tss!6ob(1
p6oogr6ox.rb36o pr 93f xnro gr6OoJU6 1.,.,36016.) oq)C66)tor"
25
Jr)oo6qjCOCDo, 2014 $Cq,o
r bCq€l*tE3q[a6c,
J6ood)oOCOC6o, 2013 SCq'o
tlJb3r (n6:f*C6o
ItcC6ox', lrcb0q'6FA(90U6qo moa36Cq'c$d' 8iA'i'Jb('.Jq'cEo
2014 0q,ob t rvJq€Sog(') &PJ?oOoL acurbcb
l$Cr6dacqxdr J56o6ob J6oc'lool'' or6rbarQ'
l.,rc6,ox', brbcq'a$ogelcbf,r6o a6cl?J63qr,rbr'b 6'rq'J'5bQcq'J6ol'
(Jo<'6 3<'rqn - s2 00)
bJbc(E$otsm boS?iloolj
6(1c3qx')br 2,065 aq,6 q'r6'oo 8r6ol$tQ365' 610 2ol3 $q"'L
aq'6
r6rqm6ogr' 6caacf' a!fuc6chq$c (2'209 0q'6 E'rr)o) 143
3.r6cr6oor qo&5ogEgq'
Jdx'rgbCoott $'6(nu(,'3oL
q'r6oo 6JJq'Caor, dof)oo,rQJA f'C0'x!6C06o brbbJbcrocJqE8Cgo
rU%6CbC0oL E366o66bol-r U,frxrr3 3gf'&K,
AoA(oo6!6C $q'oL k191X6oU Jr6c'l6oo tsr'l6qol''
q-oJtso6r6uc0s aa9.3 aq'6 q'rc'L 03D(a36b' b(9qxl 2o1a Sq,(,b
SF,ocCOoL aobcQ3oo, 199 3 aq6 q'sdno
LibcQa$ots(') boux'OoL J56o6oL
(&%) 0go6Qgbr aD 250 aq'6 gr6ol'i grb3tcr
ts3lfrgq'3boU
$q'oL
a$ll$e3dJe., r6sg 03odq'3b': UJrSffi1gC0<'lAOll
8 craob SJmrSqnbrao 636rx':6346o
Oc6(!06ooJr, JCfl*tQ, &€ao6J(}C $qr,b
AoAQo6rF)C
g.rbl.$bo66oxq'5fuq'o J6ocdocaoL a(,)6(nu ir%6c6o(66
so6oLSbgq'o': 56 5 aq6
l'rg36rQaC&"5 oaoL
q,r6o(Sq,ou6o 660ob 125%) o{03s gr'6qrt' &JAOof')Cbr
6d'JJDq'o$d$ Q! laar{'el8f'qo
bro3rq,ol.,go6c6oo, 6xra J3ort6(,&,:Cr6o
- 52 04)
Of'$1tgC6'CEol'(Wr'6' 3oq9o
o6oo16A.:16o659rr Cl6orCgq'CbrrllJol3of' 6IAJJoOC6o
aroflqr"Ds tsrCo(,)odr,Aia &f(r6vqC $qd' art6CtCr hEv6qJECSC(r' ('r ai'Cq' $q'Cbao
26
gobqr,lj gaoa3lh Soq'o lj$o6'cA Oc(fu)lcr')lrr'"Jq' cf'o'c'Jq'cbbc l'Jcoorg36'o O6ra8C6cbo!
Irrboo 6rF(pC&'rAr.
l$cdEn t $6(aB,g,"c!6.4o
Dc{'9lt.
20135. 2013!.
8.ac S(,oC6"
!CUrrJ<Cor
araai
2012 v.
ff oa6$ol Erl$bCq'CBr
I,227,156,10
2014 5qbl.r
J'i.cCOo
568,770.427 759,739,100 795,900,000
0
7
028)a5 10'000'000
ujjs6o3Cq'ob J5r'boefboob uJ6J'bfrBo tsoEQo
as 78o
lrr#6oBcq,(!L aor3(ffioL l,rct4lr'
65,2A,424 17 ,124,676
ts'g
'7a7
1,939,{10
UrlrroBlqnL6CbmbfDAo 6uitra60"lRfa0qb
37E,950,197
7,A01,165
69,567,205 499,100,000
300 000 000
J6,odO3e.U Bo6(n4.rog(' 0br'6aJ33trnt'
8,940,451 38,415,000 40,963,300
1,!92,854,10 r,227,963,300
2Ol4 $q,nl, J56o636m&k)oo, Lr3d'j<rx' bJbC(€SotsoCD6rBo 6o03fuq'o6oL
(al%) urar6ccl (9J Lrtso6ro 35q'Qc63q'cbcbol')
0re$rJb<rJq'c66o a6oa3fuqm3$o $oq'o
838 0q6 esdi't
aoatDb3lr,Cbrbr eJ (grtsrfBrtc asNrf', 6'Jo 6(,ao5rq,J6' oJaob\)gecbrEo
tscJ(/6cblr. &,a(r6rd,c $q'.,U l$&,"Jxco(') JJ&')6"o'
uELrWtl(3 615a3@ asa$fu0q'cbc''s
03.:q(r,Cbod, Jd,lrC&,oo 63q{,q'CbJ 16 6$UoqoJ ':36c5rn&ry6o
6'Cb'}Cbq'oJcbour Qr
q.or
JQ0oq,c}b6o3o o3oo€dlt6o3cq,o 3cr6gq'90obro6oL bJQJbJocao $6r6lrg3t69boUr
(,€o0r &€qr'6J6C $C('os6 ACQrd)cboo 5@6-()(r)
aor3r6oboLr l-r.}63tXrfuo go6qr,l, rbo66Cb00b,
A'OCqx'b'> pr o6o aboqx'4'o 5 6q5
Jdmb 0CAOo6,Cfu(,o J6C$oQlc6OdJ l,J5C$C6'3o ts(,6(r'U
q,lfir ECTqSCEU.
brbgqt0$ogo 3rqn
2014 Sq,oU lribCqtrEr, DqCXCOPI, a3tr.$$ 3*'rOar Jfx'dooo), $q\-oCeJ(9Cbc0'il
ffgfJ aobq'oo, tsC6c,lr0q'cth0o UttDtg3dEtqr'r 1,132 0q6 q'r6ol' q'crECbC' 610
27
&€eo5!f,c$q,olra06agt,arftc60hq'l'309GoorQcEJl9coJ!Q6o6Uq'odo6oowrQ
j.rq':q($o' 056('5 rCoocSd'r) 6"Jbqoo'
Sraaod,('cbr Lrao6ro grqp3bUR cDc&tdgsthso
a0ArbJ(x',sol, t6('')lt l5O Oq'6 q'r6oQ"!6 am Eq'6 (,rf)JAAO
2014 $q'oL tJsbcq'a$(l8cr
3rq,('CqCq,CbCAoL $5q9.> 6c6lb$q36rJq'or
Bcl$bcb Jr6o6ob &6{'}fr}Joo' Uras6c<')
732 dqf q'6ou c-oo63t3' 16'$ 2013 $q'olr
bJboflftcooJJb(,6oo)DsU6te36rJ('aJ83cfubcq,Uab(rqma14aq,6e,J6oo(29Goo,)$J6h6L,
s$9 g6<pr .Xo6rffioU, 6xqa 2Ol3 $q'oL 8 or3ob 0qr6o0rtfuo6oor lsy65o
ory66.r
3Jq(,c&Jqtbcbol,b6,as$q'(FJ6,o0cbaou35.6oeua}q96C6U'6s63ccbc6Jl,,raJc)cc)
3.lq,qog63qtbcsob3qlboU6Sbq,ooaraJJJbace'cbu'JJ6o6J6,c}fi]ooo2014$q"ob
qor
b$6'C('t 3rq'A'C&9qTEc6(t,, Jg,c6J 5m \'6 qt6oots b')El$tA36"Jq'o
J.)6s5)6(,filJoo,
&€ec5.)6c $e'di acaacf' srt0c6coc('t' 96 aq'6 q'r6oo'(7 7%-<E')
recarocta J&c
2ol2 $q,ob JSrqx')6.,c6,o al8scScb3(,o 96 aq6 q,JriJ tscDaec6(,J
6rl-r.lol3Jq,rrl$ofu63q,.,s, 6x''a
qs 2013-2014 $q,Coao br6,)60o Srq,ACfu|q'CbCboL Q5tsv63ou A3bq'oo 6rqrtrsbq3qlbotr
aroCbr Qr$30o6CbUqDr Cl',or, ab5o3, 2008 $3q'L 6r&16gbSq'o Ca6('l(.lAq'()"d\joCbol,
do6oos(n oc6bob pscr896<qrr 6r$q'ol'(2013D' bc,qxn 3cr'r60 Abd'%' lrrc6o'Serr'&'
fra.{-Joo ryE(rfrlQ,Ao $froqoqto elJg{(,s6cD()l, qgrg!63dJ 3rAnl, Q!AS('larLcr'!6'
t$6sas. 3rq'qCbrq'CsC6"l, q.6{!!l!-r1s"6:l
2012I
S 9(,o360
8om AlAar,
2013
2013
%-uen
%rcrg.
03q,oC"J85
$qt<,Cbr
$.5,
Fo65
SCqo!6
SCq,o)!6
tJbr6Ccl
3sq,eCbCq,CbCaoU
LrA!6Co
2A2,156 471,800
s08,2m
7 72%
Ssq'AC8rq'CDCbol,,
trro6o6g I1]3g rqo6o06r' 2014 Sqr)b t rbcq'aF'g(, kPJ?.lOoL 3r6o6ott 3l6ct$Joor'
r6LCb(E,x-o ocb6('Cbr LrSo6r(9 SretA,CBCq'CDC6.fr
$irrcn(grlto$o $erq'(oC8o' Anc)Qr
lC3oC0rlrr) A3bq,o<r, A3e'Il13q'<'r[00rl JCf,*,(o' Jq5(tr"Jeo ai8SCbCb3qn a00 Aq'6
Br6br$edc,.Jq$ qor ot6('CbJ AoOA(.Stf)C $q'ol, 6CAArbor6(150
q'r6oo'r5
0q6 q'!6'(,) ACAJ6Cboo''
lrJsg6.:q'ec&',i, r6od 6.>l-rgq'o $q'csob Ol,ar3U)p, JJffiJ5crtt'Job
6c-8 o:!3oll a'brbJaobJQ'
('lDq(,sioocDob
c8drr,o'
re&trJqr, fubq,o s.$lr5$a3d,.8li lrrbst(6(' 3r<('cqJq'cD0bd'5 Qr
2l' ac6:bo 6)'
g.tq,GE&cq,c6Ctrf, $ad(gr t(r,A'd, qeJ${%ou ol6bd' 8ri6oJ('C&'o'(eJbeo
3grvrd<'rag, {00
6q6 q,r6,ou a('oU(,ctboo, 3rq'(oc&Jq'coc0ol' Fo6qos 956QJ a')Ebr$e36ralr
l$bJto6ots$jo!6o}5qrg'(r,C&oLCAoborUTl0Aq'6q'56o1'''bo(mQrEJ63Jr310Aq'6q'56oL
2014 $q,(,b 65mJ3qmbJ3o 6sbgq' qgs
crqoo6(rbo(,r. 9o6.$lrorl bao6ougtxrLr ofuelffiJoff'o'
aoagrSvr,5 $cqir caogo6S&9qrr lrsbrto6<'r gJrorbo Sesq'1p6bol)
302.5 6q,6 q,r{5t, b('lqx'r (-ooUJo6OobJ Qr JUMob
ffiocorarl orSbob Gt95635
C,'r6bob Q!gr635 acLrbraobsa' 7'5 aq6
q,r6)bs e5 59.4 Aq,6 q'r6b 0CrA0CEl,'
aa"O* ZOr l Se"U U"Utt"a' a"eeCtCgCoCO''t' I'r l'5b'$do
ac'8l$btf ,cM/QrSrfu ob acb'rbrb
o\'%sooCDol'r
(aqoot3b 20ra FJ('l.)
12-0)g()!6., Lrbsto6('| SrqACbCq)CbCbo
t32,57 4,926
s-$q,or6o lrsb!$o6o o\'oAroor
s9,396,600
302,503,335
6,10 acCbcbr orq'ac&Jg,3DcDolt,x'Cbolr(g*o$o
SQ!q{9C&" 6rd)At riooJboUo) ogbq'll'
Ar6J[' A#)ol't
raffiBJq,o a"Jbqx)o, br6ou!t(3(r,ca!D ltiy6orpq'oU aot36x'rarbJ (9r C6('l36Cq'
6oCO 2009-2012 $q,cA8o AJ&'A3J0Cq'o
ECoiSbaCboU AClrrbrAoLsig, lsjsr'orgqT'r[ aorrS6cl6ol''
blbcq,aFt8o (')bqrya)oocool, qor bruqob sncf'Joocsd'io8ol'
ffi(p'J(n o!6bou QJtsv63') 35
Aq6 q,.>r6olt oqCtxl0oo,. rq6o6b3oL b3&r'rq6o66gq' bJ96o3oJ!bC UU6r(x1C0r 6JA)b3oq'Qr
2Ol2 Sq,oL Lrb0qf$ots('l bol],tloo[ Egurr).Jq,cboL 8oLrfub
Eors3rtubou 56br6]oabC bJbCq'ASoB(,'
IV
r3g\)ob l-$6u!b36,oL &nbl4fubr8og rA COstoC l'rhe'AFAo kry1X$rtr 3*o6it6oglJolt
o$Ao 8.)EE!60C6!4, irBC arqr,l, ECbibCb or6AJf'o'J(, o6goF)aloolao 0oorr683q'rs
L.)br$o6o tsiJor6o CWrgcgooolr CAxd$ AJ QJts!68dJ LrbUf'CboU
a('l6rocscoo, 610 Jo$oOoJOJa UEaJ acgirc0l,. ocaot brbcq'a$oBo
oqrg6('lbol,, d3l$h0
rUQoOol,, UlablbUi6ol'
t? ,,brCr6orscq'arl, aoD36ooot lr.rjv6o8c(ml, cocrgFJax, 0r6.lol'!c€o ai"3rq,(,r6caol' aJtsrtfuoLt
Qr b'Jid'jo'3cq'ol' c6o36cqn $3ob 2006 $q'ob
o"ilrri,ca&i acr,"uO; rr$to"a3qd, a-$9'0"1"
zil a*6.U a6-stqua" mq'oe'C8coou qOsd, o)rc,Ditd' 3Cor6baC65
29
oqCXCOrfJ ECI'"r'"J(!&'I'
oC8rtC6oo,,d,oaetrO U.$C re&S3q, ofr 2Ol2 $qr,lr l'rbo('o$€('l
a'NJCfuoJAo'
ACblbCo aoJ36(q0olj .r6tid,odto [rsbSq'ffirgo l0(noob biaUrbPJ6ob
brbCq,a$ogcr lrJdr6)Cbdr 6$j3of6rq'cl&,b ptrrr06$q'I$$'rg'Q
Aots683$r6oq'or !'rb5$o6c)
grqN,CeCq'CDCMrr CD (,D(ruoo06ol., Cadrr,o' &'(c&Cq'o foeob3q'stbCk'
orq,ac&J(tocbd, $6(oob, b<'rqm (ats.td,Bdi
rdilbol,l
onSbr al('(E PJq'CeJ0't' Jqc8ob aruqr,o''
3.r6o6Jcngfl1oo,2014$q'ol,ro3ol'l$bcq'aFE('3rq'*c5e36/Jgo6oot)qx'lb!9'970q'6
.$rqm6o"Jc' SJtACffi", a00 E(,6 q'sf'od' sACaroCbr'
AC,)eSoElr, f,ic 2013
q,rdi
$qxtj
6('lAo6tq-J(r, 0$(ql$bCq'Cb.t0o $fN'r dttrxEN('rA U'SoEw 3rq'(fu J(9A&'l6C60oU
8oq.oolr, 1619 U5ffiro 3J(IQC}JeTOC0o|J
OC6(oc60(r)o, afpdq{oJ
$f'ActC
$6(.cl, Aub('oo' 0Xarfuqx'rogbob btoc'oolt
loblr6Jj. adJ-lJ u$f'(,aE(,tx't arfi€C6cD(Pcb(,)s6 aoaJ6ocblao 3lq'ol'
aood,ACbs' 166 frntqya3@sp aCodq'cor ACSJ-,A&'
J(1cgo6oC6oo 33.4o#oe.r6 3296dAO
LrbCq'a$oglo lrpt63r't
agoi6(,Cb l.JrbCq,AS%o l.rs6r{63o 3rq'olr J'rcgoooc6ooo' JC(QoQ'
3rq'oU$q364q,o&to3q,(.lbr7,592.9rorLq'r6'UACtAbCb[J'6190boq'r'rp41Aq'6q'J5oo)
)6rqx"Ao'36 ATEACE06Cq'L' tx'rqm fld)-Lorr6 aoar6oCbrao 26 3% opr6
rqSaroCbr 2013 $q'oL
(ffi
rq6oeJq'o 3oXgo6o66$30o
'ltsC llrfld's('Q30"'r'
lf-b Lt!6('lbBqtt AftC6CDqiCto'r6 0oardrr66r3o' drsg oNSol'
6.:o.:66n5o430.: 6('lffi5q-Jdr,
24.1%-aqe3 ago6Q3bdo"J0gr
Ab6,oS b.i$b Cl8rAb S$6r(')0ao6c€oJU6'o r8d'CA\50bol'
l'€3dgq'orSobol' 6oa36cq'obrl'')'
lr.)bCq,A$oBr'l SrqD(x-lA ffi J-lE'!6)
. Ub0Y6C('l Brq,o I lj!ffiro 35qx)
tDffir<'r glq\-ocegg'3bC6oll t6,(rll, aJbq'o<r' asar'rugq'c'|bcboL tf'cgolJ
6rogiq,oL$o6Cboo, 2ol4 Sq'ol., 3!6(l)6J6(tlftIjoo,
o$qxbr lrfuq'a$c)8(j 3rq'ou bo63d00d)50'
$6drrp, tJJb0q'A$otsotrr6rl6goSrqDbgoq'o6orq'os6tt3':qt'r'i.,6oltsc(,ao7-oat6760/06a93 6goCag6.r
2014s.
20 r 3s.
J(,$q5og6J(o UE,{gr aceruca3U olr grj6o, rrxa6 l'lbcq'aBaet
boUx'OoU 3s6o6J6<'ry}it ors6
r$bc€0ose Srqrrl acb$cb Jcf'd<'rq' 0ooc&ceor
c6d,grr, asar6gkrxr o6tsor€roo5
l\Jf'dOUCr,l' ACU')bCo
o6ts('ld,a)Oor, b5656Co $q'(oCD'J("CDClot, &'|C'O€Cq'(fu
qr q'oc6(,ao6Jo'r'L
grq,acq|q,c0C&* 3J(nteddr, 1.,$dx"€6oc) 8r6tJ3oor,l' $rn<tD
l$ar6cr) 3Jq'oU
gsqrcoob Sobc(Br)o. rb8c, &roc&Jq'o 2ol1 $q'ol'!(,'sou Uobxq'aFao
l"J6oOC60o
a'rEL5bJ6,Cbol.,J Qr ('i€r63ol, bv6?00ob 0CL5dqm o3q'ogC6r $q'JAo
b$6('lG16o('l
ArE)$Corf, C6ts$Cfu6o fBCa3bob ACaobBCglAoCdcrJsA Ar6t'oqlSqnr
l6J0 c4356c05 ll5r6orl3<nt6otx'r
a)65&3cooU $q,oq,cBJ }{ b0n6a56,O3qr) 6.>qp,b1r'oo),
lDarq,3o(9 go6q-ooL 3rE'ob a(o86r(x'rbob ':6sgo$olr tu6Bolj' $t6'ac'a0c6(r(,o
AobCqEod,, U$(6(,OCEOd) A.)6J$CsdJ rq6offi"Jqr'
ofuo66rgrnb
tuUa6rbc[ Sx6gognor 0o3oU ASaoQgrEo'
(D Q€rrBdr ao'qra6 b>6DiXbt6 3l a aqf q'*flr a3'rgr6Elt t6o6cxl6
Lr6yt6o 3rq'ol-t Jolcto$q,()lr
Aoooo,CbUq,or $r6ft'r(,0C6oq' o6go6'6Joo!ao, "tr>bgqAftgo
bJ3q,C6! Atflrsb'Cf,C8olr5
70qo tsC(FaCbr tsoCuo6,C&Jq'o U$dxtOCfuro Ar6$3CooL
ACoEC y6AoOC6oU0r6' 6)10 bCq'l''
uogo0lj 1j.)Cr6o3cq'oL ltfuq'a$ogo Ur6':t63o 3rq'olr
&nal-ribSdlboU Jr6r0'lO6cboL
Al 3'bf)U630q'g(,glj
eJOgqmAJr L$6(,OC6Ocl 6.:6sg3o5borr 35tn636gl6o
bcq'aob$3Qoa (.(')63tc"
3,ryr 6o0usbg66aob bsrq"XlDob aC6sr68gFf0,>L cgrare a6 Ja3rcrQ
6'SC3rbobb$
ot.fOg.>
lh UEcg.) )eo6o$s,lr, r5oa Ao$.relS$e$nqior $r6Ac4-obCEoq'o o6gst56rgoc &'rogr3q6lt
l$bcq,a$(r8clgrq,o,56q'8r30o{6cq3qrrl-rb3>6olr398ol.t'Jctu(lQ'6r03Qooofl6ltobt6o\oL
BCErh0.ir, 6(,aq'd tC6Aq,C6!O 6,r6trsffo63Ooor dlgrq-Jtr'('5 oAoL 6ro'3Jq'ol'So6C0oo'
6(''A
l$hq,8ftEp 3rqnu gqr)([uo F)qx, (2014 $qr,l'' b$dx'be'lto' a$3c6cbq'c0oo' - 76%)
g0tx',U6, gJqiJor8or q,C6oS(ffCq0go lSJlror6, Ao$r6A0$o6oq"'r, re$Cf'oq' o#!lj
bJEflDqxrgrQnJ6 J3frrrqg6o qaotrRffiOq'o rvrolt3SDob is96'l3qt6J bJbC(,a$o8o 3rq'oL
31
3CC,&"4, l!C6d,r&'6olr.r
l$3sql3oc| ts(',6(r)b 3sqrfr a(66r(x'l6()l' r65(r'bol,
AobC(Aoo'B, s6bgDIE., &!C,OSCq,oL
6r rqr)lrF6C8'''d" t')ffxroC6o('I $6r$Cor,b ACbsdqx')
g3q,oqlboU tC&ggCEs t rbCq,A$ogc1 Srqr,L O3o6,oou
a0o63r(b').trrqg56ger br6r$Co'ob ECuiJrr$n
qn6$o3sb3 E3pr69boo:
A''lJol' tCAAq'CEi l'lb6e€$ogrr S!q'ol' 03o6oq53
2018 $q,oL5<raol, Q')rbq'('lcooo, a3-L 4 36x"oc6o0q
gobJrqt6o
ls&3sqm3ra9or6 JC6,.x',AEo r6LCboo) 6olj$bsQ br6oboq'C0r Qol''36COC''Jq'o
6rq's6bU 6ogq'op63q'o
S('t('oOoJoL osq'oqtbs, JCdc'Q, &'"JXCOoL &'63Cq'rQo
re6o60q'
rdJo3obol' BCECe,cbr q-os LJ35q-JOo JUd'Lob $q'q'Cbr'
JUq)U acraac6u) olJaor
0gA6oQbs, grn&'raopraro
0<n30r 2018
$q'ottor3oL
grfi1ofuoom q,r3.8ts<ft363q€) oreJsJetu
&C6*JoC,' b6ar oCtrrdq'or
l.$b3q,ffiogo 3rq,ol., O3od)oob ffiJ-b 8-13 ']lq(,lOCE)Uq,(,
br5$drx"&'L!a(tr6aa,Cd)<''oe6os'5PJgo(,cec(r'50')orglqx)t'Bscb3q'ofji,
lls6ouxlo"
tco(')le6offoq(, ( r$eoL $eq'cEt (otuvdi0po 8d$(P:3f'o S(Pd'
oFJr SCq'r dofnoJqn ( 'J SrCE l(6()lr c5CttB(,C6s
SCcriC 8ofr,3, lPJOoq'CaC(,or A'loCeOq,
M'i9('o l'Uoso'ob
Jcl6o€Cq'dt Lre3oqrr3'rqrr'$o AQ6t"rAc)EolJ oCtT bCD
5sd'cor006tc'
lrlgrq'c)
$J(',6(,lrrQ606!4.
tsot Jrq,C6o QnlrooJq'o6r
6,,rt5efig2l'14'2017 $q'Cbobo'3ou :hCUHj dofnc,)J(n
ArEroCAJbol,s qor ffirc"cnJgCbCbdr
le6offi"Jq'']c(r)(x'l(&' *.,ttjt<-|fu
''ry$oJob'A"O't6CAb
Q.,JCASOtso! 0oorro463q'o,
l-ribUrrpbob Ao666o'3J AorS6oboL 0o916 SrEl'r15l136I,Jq,
$r6AclJ(,6CbL, Fx'r6odr6
q'ctsoooertu 6o6&:e'rtu oltcoxt
J6'(xr6,oOcOUq, aoarooryrq'0bc6$c, rhSc "6'rJrOOol'
(ffic(r,o bCq'l' oJoft,'l0t,, CaCUEdr $c6c&'Joir'
$d,AqiDAo aJ6lff0FCbi'
2011 $q'oL
lro$c,('J6riD5lr' tsol85qur'o q}oLodq'o6olj fforboor l$gtc6'J('qcb(ri
o3e,oLtso &6)q,Jac6ool-r 0qrrr qgJaoJoocbSq'o floft,6oJu6o
q,rsol,ctsq,cDol, Jcoo..'
6ct60e(E lr5$6o6A(Esg" gd,oo' 0SrrtQS6Sl'' Oo$6<'la(6og SotSrq':CO
E!8sffiCd'
2014gqrllrro6ob('sOol,dCAAAr'laJC6'(reEo$rrB'rqg'lj'53re''lffiqo3bqxl)$3boc,'$
bJ3sqlCoo S(,|6AriL aotoob &'bLCEJbr'
SoEAoL osooore'Jf'o 3Cb-43C6'Qo
tQ3f'Uq'o qx't6c e'J-L 3'ol"sc Qrbrq'
areacEoq'o 6s36on 6q3ax6oL Qctsooooou
$t6qou
(m6cbC Jar3Q6o0qsq9, bqJx,OoL b'fry3oolrs Ar r6Jgo6r6l''36o rj6%gbob
Eo(D J6rtGvel'5ol' 30%Ad,(r)r6o aelo3(mbol, $oqx, rt6 U6A5 reJaJoo0(.reCtr ao{'or6o
lr. $5c,6o 5h3C A56llr$q3C,rgt ao'qmr6o lDbCq'Afogro 3sq'oL fld)'llols6 grt6qm6oL
biLoro)o 56
brl,36gcq, $a3!6,b 60%-oU qrofut3, o}'Joor !a actqlaoJ' UrSrq(.cbUe(')
!fuu.
610 asbcD6 Erd,E raacEr,q,
$ffii(tdot'' 201a Eq{f' Lsbcl(38Bag) 6qg?ooo[ J$(qH'
Jf,('rehr,o Bro,3rq,drB 6C&JqrD lnboqry,so k,lCruorr' 6x%std'o
l'v'q6ro(x'l l$qrc(]b'
'i'c
Acrrq(,J6olr,)q,Cx'rl.,AC6Oof,Ct'c,6'JOl'J'CfBCq'006(9f0o!AgCf'tuoo'3q'Cbr'JC6(](I)A'
l$oJg66rm ljJq'qx'rtr
ao6(r,6$,C $qnl-r brr326$ob 3so6or:6 sgag$3ono Qrac6&('or
arEBCEJacq'o ara$$e$6"Jeor -102 5 aq'6
tscaoof,c0r 276.5 aqf q'rr6oor qr a<tr 660gl'cn
q,sfnU qxr63bg se6o6Uqr, 636q366or QrJrS&)6c&Jq'or 6(,ffi5qtJ6 6'rtultrbgq'3brdo
A56o['r3q'Cbol'
trrfug6$ogo bo"Jfrr6oL Agdour3q'Cbob Jq'CbJbcnJ6(M'roralqo b5b6r6$o
{3 7 Aq'6 eJ6od" QJ b!lrr'(3ooo 6J$oq'ol'' Jr6Jq'cqtl6
bsfrr(tC)
Jq,cbol.,
A$bqcrob.'o
b6C\:tors6 23a aq,6 q,r6ro(,,.
!6rq o"JC'rA -690 2 aq'6 q'rd'ra(0( aoaqr']65f'C $q'ol' AJoaJo
OrfuCECbCqtr,rE ACQvr,C6oo, 2a3 3 Aq6 q's6o<r')
ASoOg'Cbs Urb3q,Aftrgr'r b€1a5$ob Ao{'oJ6o
Lr(,(xiL Ar83CECbCq,o. dEJ-bors6 aoar6o'C&.so b5{'}]C6r0(x' QJ Aoq)or5o Lsq'G'('tb
dolriqmqrfu qro qn6rao35 $J6&'(ob!6oq'or 66rtsoJtC'
bibCq,a$otscl boUXA5ob A.:B$6gbq'C6o(%-rQ A?'J-Uo'rE)
I br(.,JC6soo{'l brq,Qo
c ao)qloJ6o Ulqq'o
2.1%
0.5%
56rqo6o.J6,r<,, J5E(.EJtrx'lC$tC o56Av6o}Jqr) Moo)J(!n Alo6slaoJg6o
q.or go6i6tJU6o
6r36on
o6(lnJlom6CboL q(.SSAC6OoU AobCA3c,o,, 2014 $qr)brsBoL &dsqrrq63q'or
bro3Cd)ron/A@<'or6o IDq\x'|tJ ACAOo6'CAr' t6o6o66 6o0o6rq16
&)l3XCOob
0J&'rLrbueCbrtso, oLr3 dtlJ-Lrorb
AoAJ6oCbr€o JC6&'4, UroJod)sont bsq'(m Au-tJor6
Aoar6orcorao 2013 Sq'oLr olr ar'rt'rq'c{'EJq,r, 3 99GoQr6
2ot4 $q'oLrol3oL 2 69GAac
aoo6eCbJ. a(,u)qxeQ6Cq'or 6r0f,crr) DqCXrOob ao{'or6o l'!q<mu
ACSOod'C856 €EJ-U
-l
-
JqffigR,o ArSSCWCq'o ACCLT6JACDT Ca('l6('ltu35t6o orr3ol.rygq'38olt
sjgoor 6Sl$\gd,gq, 3crcor6 qx{ool' larb 6r6ar' &'3?OOoU b!C'X'bd$ A!
oq,.)E -2.896-a43, o'JEO.)
.16€06!511360 tdo(/3CDob tOa.oar ao)qnrOo &'OUq'oO''L firy'o
2Ol4 $q'olso8olt 28 89o-L
6'(')A
ACrAA06t eJ .16 sqgar66br a,J-L 30%-l'' ox3ags 6i,)d,3rq'olj$o636Cq'oJ
elr-l' U!i6<'rA6ert't a*33fu\$U 6''A o€dr
tCacDe6(6jqrl 3oggogo'trOC0o 3g6(6<n8r
Ab6og, bs$b Ubgrab ArJOo$('lO<T ao3aOo
q.o$SCbCbol'' l''r33dgqr,t6o8d,, ffioa36Cg')6rb'
65c6,ox, Do.J?OOpb a.r&3ceJD('cDo(c)Fra mB-l''(r's6)
rbrolC6roff) Urq'Q(, E ao'q'o56o bsq'('('l
bJCoo€oJJ J$1ds49'
b!6eJ raour, lrrsu6t('qc&,!, S(IJXCOd' ACAoOoOol' S$68''c'oAC&ob
ltrgrct4o3ob 1985 S<rtu
l.,rc6,o,.Sc|(6(lx', ljAr(3.JO('l go6qrtu U$Xvr,cl $5$l''CsoL
l.,OD6Avt OCbrfr ACLrorAoLs{g, 20 I 1 $q'dJ 6'r36ron
6qp6ob QCgooooar 3 6% AcD(o6o6r'
boqn') 2012 $ceb rQ6ot63q'o 0rBg6363q'o 2 996-4q93 tsc36o6'Qr' '5453(6muqrQ'
3cryrgtbol, E0lrrb,fobJ(o,
LrbotD'coc)
bG'JXrOob QCEoOqSo 6rbLr$q36ryqnr 6x!6o6o kr3X'OoL
aoE rl16cr Urq,(m, knqxn boglx$oL fuIsfuO sr6bgbSqro 316r'160 Qtcbr
q'ol 83MraoL5p'
lg':$ol6o3olt
ao?qOOdJ s6,lrCs,Jqb Aorq,ot6o l,.rq'Am p&'rcro4rgos l'!XJdx' tso6!6hboL
2m1 gq(,b UOD6AvttOgOtC eo96A6oboo. sd,l,C60(r' d'$ouCq36C0ot' AJo'35<'ol'BfCSoo'
baJrqm3rQor6o WlrJ{-J6o AAAd'!(x'0ol$ ('5 JJEc$3&')C&)o(r' AJo)35q'ob$o6C6lJq'o
q,()6ooSbo'!6
Jl6,raCod,Cbot, ltSsffiaQCbqxe (xI6CtC 0r6l$M'3g tsol'JJgUf'
ACbrgdjC8qiQ r3ooqcDCqx)J (t,d'qC Jq,J'r'goJJoff'o' 0$6S)(ffiJ0PJeo
ACU.)S58olmb()l.,
o<a3A6grfi eCtsooq)ob as88ohoe'Cbd, (r6raoJol' !6rq'oto' Q! aobE'c$o6oq()r
6#,r,0',6r, J(6oAqJq, U'SoobtC o6tso6al0rs krgrpgc't8o(JA
J56oEJdx',.d3oL bi6sr6oCsoo
6(')a albLb3rgcacq'o
osotl., $JtrlQ'606o('o, 6:bls}Jrcrrrgboor oaou bJ rqr)lr$o6cbc'Cr"
qJ6ro'o oCEiJ
Jq,rlj(EoJrG.r,o A!r6ep6,oa06ol,J, A'Jb''aq$Cqr,r aSJb3iSCb"J('o
s'j55('J6'o'Jq'o asl$q'Jbob L6g('gmts! ra6o6Iqo
gb6aoQBC6oq,o.
Jrffi36('doolj
aoa.)6o"Jqt6oo 6oqC6<m3!6or, f'!or &'lb(0L AJA&6og EobJJqg6
U.:a.Pqrr3!g,r6 gcfi.pqt6o Aq6o.lqx.'l0dr Jcf'L<'r6 Jr6rr6Jdx'frbdl
q'oaooCDo)$ qor
acUJbraoucrbol' WSqn
Lrgt5Jo)ol-r $rt66oq356r'
6o.JXCOoL qgCgogo6o(%-rq &J-ttors6)
+GFs'1986 +GFs-2m1(ao)q'or6o br('ao)
gsslr,m: 9o6r6bo,r braosolro6ob c,soO'DePJ6o gc0-03C6Q"
['**.i"
(2014 $goltro3ot 6196'0,.' b€x,3ooU
crsM 2ml 9i 3q'rlrs"r"o; a';,13arq' a"aocn'csrs"-*1** rro.,rord)ofrb$c
;fr#';;;*"
B"o ;r,3* qr" g"6"'4"Jfl6'" osq'o,ltoo6cool'
q,(')ruac6ol')
lLm lrw0f,.}('eC&r! goljJJqpJ6o LiOlOol'OoJob SvCeXa)bCUCbol' cUtso(,0Dqmb')
Ara'
goJq,dj
k,"Jruod, acs(Rocrfu J6tq,otolJjJ Js coDJt'c c6 axESred,B,6cDJ x3er6cr0omr6o
bOEIdOC6'"Jq'
b06ngq$!, JC6*,A 16 b(.CUr Qffifl3"Ool,, Qo€Cf'CEOc/(6!ld,' 3o3q1i6 cgr
b6ogl13fuq'o (r03ooooo Dbrb!3b ao'!36o6ou QobJ6co'tq'o
)l)r's('la''L ooJq'c'lr r6fl
gob3.rq136o Joqtc,OoSoL 0oarcrz3qlb>b N(re')aofli6o
ql: 0o3ono46lr
LoDboq,ot\5(,6cbol,J 3ggk)ou 6J&,6o6hc,oll9
J-taJcECfuCbrA. oca3Xx$ou
lSooaJo36o 3otr3.>q,3r6o
boUXrOoU 3D6gc$od,o Lrsq'qroU god)aolfubs6.) &]o6oAoJ3F)o
6orr3r6<'rbolr (nLJ6co(l3q,o
&{DooJol,, $3q"ryc'c'
66ots36gqm3rb o6q8o3r6o6L tsoLJrqPJ6o JE'eq3CbCboU
slJo3o6olr go3q'olts cgr
'aac6JQ,
$yl,0(1('ac6b cc,o-cd,o,
ACbrglbCbqre l$Cql6ftrgo 'tngo6ob
brALrbJrES$Cboo,,5UOoq'C0N'(t)&'rNsbgol''3!q-Jtr'ol'Orool'r5o3ob
qUtdq'C0C('(r)
aar6,o€(,c6oo, ffd,laecDotj 6Jasb3q$)' J$o63q'o ao$6oo'
ol,b&rdt, Jo63Cq 16o6?o' BrJ$odr4o3o Stllt
Qsb6ou aoard,o bolxroou
JoAJobC6OoU A0tssLroiJ'
Urq'qntr,r qpr oqoxJoob
OoJq-J6 JoAJlrbCEOU Aa6ob.
l,sSsqfoocl ts('l6<r,l.t ljrxsdx'| go6s6LCbob
brorgJq'(,lrft,6C&Oql od6llj ttJC6orlao6ok
LOnOouOoJob l$bcq'adqssEcqxflo aoocfuKn o6(r'J!0c'}f'cbd0
brbgq,O$ogo 0qgE63Ool, 3d)o06,raJq'o gc{60r$o
oCBrlrC0ol, brBCfu q,Coo
br1.>6te tdo('rao 6b.rfu1s3o qgs$9b3&3rg3fu&ir gr6$l.ry6ro r6a5ffi0cbolj
aelo$rc-ocbrLo)r6 c6ore Urbo-Jxroo lsbl.!r66oL so3ol-r3boL ts5q-o3649
0oq$33q'o acaCbobolj
Jrd'e'5a06ooLr(€o U63q'o
Jbbrdr,agrq,acbuq,cbolrr cP l$bo3?Oor'l l.,rbu6cboL ce&loor6o, Jdm(talooSq'o ar
tsglrsb3b JEbrf)oABCbr lj5b('lAJ(xeCaou! Ar
cJ(,)6(,)aoS6o 6r6J)6,BoL
a6oaSEJe'o3r6o $o6$of'('lbrr' l"ScaJD(.1O('l ltblr630oo 6op$xgq'o
tsccgcafoL.r Qr JSo06racboL cgdoore'oob acLsbcb o6gr'(trJoff'L
aggggql0L oU grj6o6, 6<nO lD5u6o lra!5o6ol.r &JeJqrOfISq,o '>q6ogb3oL l-rr36or3o6olto
a6oa36cq'ctbrtc
Uor6ar6)Ocbolj 3oo6g|53.rq16 8rffio
abfi21s3o arfuLcqlq'cbcBob aocc'
A(')ALib06Cbol., AJUTbCO o5tso60rGo5(Service
0J6kr6rOoCq,CBUq,o es6ou&CbCbolr0r$C0qb
lray6r'r lrgl3odrol.r o66':6o$4ogbol-t
Delivery Achievementslr tso6r6lj3f) g$gobgao'r6 Xr6or'4-o
go6r6Lg6o $&6,oAACbol., Cf,o-Cf,cr, rUOoq'CbCq' Js€Jr.616Joasr 6$boq'Jeo
S9q36gboL tsCUsbCb 566J6oAACB5 3trfufu3q'U('lgL, 3r+oo 0b6q'
Aoe$C3qrl
5%!6)o33rq'qoC63q'CbJr
q'JofuCfuL3fuqo Abs6Sg6oLrg€o, 63orfu 0br66' 6'CLU6'bCA"b crJ$oArq-J6o sqm3:goolr
Aglr$gb UICo)3Uo 05Qr$$COoq$C6oL AoqCboL E3brdq'Cbq'obrLr(
The Concepual Framework
TPSASB. 2.22-2.24).
larCr6,cr6g,r'ff., ftr6;J3o ('rSCl.,C&Jq'C&Jb'']1 Jdx%f'rACBob AoC6' tsCaC630ob
b6arffidCbol., JdxrOCUoU r6rr0ra UJ$gol'' CO^$tu15, JCC'&tqo' Llhq'6$ogr.r bogaX$oL
lt>bxq€$%ct
Jrfir66rs&gq,o tso6a$o J.6'Jcq'r<9 2012 $cell aqatr(reu 2012 fq'rp56
tsCbrbCB
boOXAOolj JJ6o63dxtftbol., orJ6(lJt(,o)"Jq{, asuJqIbo Actr8r3l, p'f$3Ooor
'?o
r:6Sotrrargoslt
lroloolroo3ol,) &al'}gc6cbr tsoL3tqlc6o r6rqn$obso3ol't UJc6o53o6oLo
brxr6o tso6!6Lcbolj
-
rr"s"q;-
e"UA".
E$r6.,
l'l'B
oEoo"rq"g6o
3C0-83Ct('Qo
hrto://www.imf .omi/external/np/sta/sf 5m/odflchaDte14a
2l The conceptual Framework for General Purpose Financial ReportinS bv Public seclo' Entities The lnternational
Public Sector Accounting Standards Boerd (IPSASB) January 2013
b€Xror'd, a$UrteaOggo VqcrArrr'ra3OdVS3:lax'r6oQOrrtr'
q-os Agbe3pXOoU ECtsJvJboL oSGr,J$cf'Cool'j
ascrD 6cll,rqx1(!6Cer, A'JQcaCbot,.s
6CLrbCb(lJ}iltr'Cr,3Cqx.)b l'16€?O0c) J(')('ttrlo'
ao\,o 38). l$bcq,€l$(,€|(, hC0OOoL Jfx'rd6'$C(r, S(')6'arjo(''
a')at\oCor i6cmqrtr'(06J
Lq}J6,o8cq,sitgo6$lrtaoso\)rvnUb6'd56c&'o'(Ne385;2011$q'de(}Jgo!oCo$q'o!o)
rp6rffE3q'olt
agqg6nu aco(,}g'("oaooL a'rfuBo0c6ol, orroD'rt3'
"Jdxref,laJqb
braSaggpL
tp rqrfuso6c&,q,, lrsbcq'a$(Em rg(r,Jrtu
rr'rADuSorl s|3a'ror a'r€a3qr) r6r(roto aotSra
acDgJbob asrc''crru'
ol.rsbogl.r, ar,6o3cs3qrr cggxL'alLc{$cfu tsrd'0qcs6o'
ACbrbJAolrrbr 60(,x'r(x'qx%(r)o' aronqnu$o6obttg
6ro4.rqr $o6CE€qb o6qn3r(y'l6oBoL
a'rcu3b acorr4oqx96.rfu aoa56,d,cb$, brcd,olfflt6rllar
a,orbo36cbd,56. $'jro}:6, aoaobrrqBJ
q$v6omlr l-Db(,(,rrs arrco&Jqr'
Jr6rjgo3Jor6, r6o0qrtu d,cq'cgq)36o Jl]&lJCbo
2014 $q'ob b:bgqr0$ogo 0cl3p6grtb 3r6cl6'l6r,rfil6oll
l6s66ra€q'o Q's6r6sx'
aJ(rrn8oo'
Jsa'6or6
&rJbJ(.rgJa oaou6, 6'e6 ara(rfivc{ $qrtr
0co6o36cb)' Qr656cDEo
gr6,0rlaM6q'o &6r,!tbob if'<'raflrattg gcrt66\)0o 0JUfur'rbcLcbs
DC,cDo0ot'
gqr6(9Cbr ea6,$JJqr' brqC$Cbo:
ACrqtqFo Oo(gCACO''I'
6% ACACrTbASCt'ao 5651'(?JqU,tso(,rQ b(ODt l$ioqx'rr AA
U'$q'd'r Eca0b'tu si'5Mra a'OcoCq'o
o6er)J\3('6rCbd, f,56$fCsr ('r
gld4mtoo e,gcooq,o E"$(re3frl qacr'J
o6arlJioe,6c6o oail',r,cDl,, srrrr cacJfx'r6r'taob
oSanJ$o6001., tublqr,cr,rQ, X$Af'(''cqx,)d't
(,Jo3oU 'lf'(,,Sf'JAoU (Jrx'raa 'y'rqn 35 03)
l-r.$oq'o(9 ocecocool.i o6aoJroo6cbra $sffo(ooc6oqr)r
aoto E0aJ(rac6oq'o fu3Jr6o66sa30olt
o6(nJ'JF6c0d7
f*.fg}Cq," EC.rPCaU6o ac(pcaCpolr
dodro.:a.osq &x1C}Jq,o 36r'{-ogehbolr
d'rc4'36r.rbdr' bs$CAq'o A'rAUJb36'CbotJ br6'oubl'''
bCbCgoool6c')J Frmq66ob':U Qr JA CbCor'
SCa!A636Cqo Cg3Jf,r't6f'5a36o b$<'r6'CA
o6(nJ!o(16o)' trx'laq'cbo6
o6oU A!cr)3rq'ou$obC6o<D' 6(,A i6o6t6s0olr
5e6o6Cq'o Jr*'r6r6r0oU l-l$oq'<'x'r fuqo36ol-r &rq$6sLt
gALrUOd,Cbr, rAagJd,o A$Cr'i('COob lrsloCx'r3b'r
vr' r6'h&'ttu Qr aobelC$o6oe'o5 JfmAt6r0oL
Lro('|q,o(' ECeSbrQ A!o$C6('lb d6oo 16 6':acrQc6oag 3ggljos6oboL
obQoJroc)iio' 6'(')aCq'o0
orr3oLdbt6o6(9!Cgf)(,6obrSCJdx'b6rA30ol'tss66q'Ca0o$r60(.)('b06oe'&Jrq!qJ6'"
E oOqn3r'O'o@oU 6'rECof'CAr LACJqfbrl'
ACeCbl0olt tsCgrUCbrl, obqnJ5i}'rf'Cbll r65LoT
odq,c8! o,J3o(.oJ6 oj6lL .lgo(!bcq,o oJqJcugo J6x'r561.:0ol/jpJrrn66r0olro3olt
aco(9(mqm8ooo 6r6ulbaSct)q'o o6ar,Jsoo6'cM' ardrdreflfr,
l6sopS6obott(5-oU)
ArA$r66C6r.
.$rqm6q06rQ, 6% aCao,b0CgCDi,o J6o0t69CDd' qblBll'CDq,c(g o6@J$c"6C0JA
o6(nJi0of'o
arocecqrl) e$qxqrgt6o agq66gDoL o6<p<rJ$Ocrt696o' !a$'dr6' ouc 6x"0
(6O0d$6CODO(rt'
J(''
l''!6"J0<'Cbd'
$5oftq6CqryU!6"
l''rao6ok)d'ci'' J3frln6{'ol't
odqCgp. tu65q'oora: Jdxr6rrMolr "l$Cr6crtg'ert' otaql63ob
lxrooDq-JC'o ptr<rgfu9qY"gr"(29 03) br&'lqx.lc, AJQCbob
X.)ffi6oCqx'bol, (,J035 (,r
3016(r'5
o6(r,Jrod6{o $.>6&na-om6oqr,s rq5o63q'o &''lAUrb36CA''o 5t6JfuCq'Salgoq'
J6oSf,!Sol., tltt€lo00drCBftklo56o8d'
6mqo6(,br, o,"Joor WE(ffiJ(r) J6o66.$ob ttr,boqx't(, BllQ'garc
l-r.r0gqngo6o er
a(px'(,'cbggor "lts0bxqrt6r+
lrtoorq-J6o 3$lr'UfuCq'gclgob Cgebo')6o blr630s' caspobob
AssOSECb(,CBolrr q.os ts6x,&'l,UU6vffioL br6adqrBoboL fu66orr4bs"
fuEggo6o.>6or 6r('l('C6(r0o[i
J6o6t6r0olt
00aoo6,Cbr BCodqfbr (l)J53ffiCbJ(r) ogob cf'Cr'ob
ab6'o3'
Abr(lc6' Altr3q Q! aoacngrO0 $Cq'll
J6xn66r0olr r6,rCgCJJor6 ts3tdorx'r6of'CbJlcrl 6; fuf'C
LoL,OCO.,b $r6ArOC0U(,o mqod'6of'C0d'' tsC(!nJ05(9
r3rQ(,bol'' asBsc6cbe'Coou
acaoo6{8dro,r6.Ecl$bs6ou:<-o,aurg'IaJ$oeCq,(,os(nJ\)glturarccaruaoqx*t
s3c-o36ob a3b.rgsl-r3\'rQ l.r6,rq'Uc1goq bgr6wrU
rdr odq'cas 56rqx'6ct6o fu6lJ5Br0obr
LJCACoJ brAo6ob$6ol't lrol.r$36ob
3q,o6q93b,5 J6,o6d).56olrsor3ol.t ,Eo6r6'>6
tuaLrbd'Co6c'or USr?JfuCq,gr,rtsr"(30
X.r666o,Cqx''bol., Qs63oL
6ol-rs0Lrrb363orr
0a)
ra!g(,6,(')g(,re, frE aCaobgsCtso $!6€ctasCEoq,o ECsqtQJfr,
ECI$Di&,!o o6(r,JtoOXto, fxT aq'Cbo6 aC(rxq(x,}('(')6rnb
4JobJ6,.$Uq, A'r $$(9a3rQ cF,(',JlCq'CbAo
0c(rJa06o ('!
ts3b$raou'ra-o' 36q9r $!66osq636q3L
a"'OCaJ(, c5B(,f)aroorL' t6<'r6ot6o6sr: &'qo0Uq'o
&r,cl(,tdocboli 6,5(.t(,c6('tbr' or$gcq'o a(')aLrbclr'cbob u)( rbo'
bc6cacaoJ6o)r 6vqQcS('br (.r
J.4." $oAJA()J qrr pgth ls0t'rqmo thQCbdr 0i6Uitq3f'C05['
SCdj 0!0Cb! $"J J,trb!8l'' "oa
blLgrcnrc acraoa':r6co8.!tl' ttxlaqx,cr,Jo gJ6ox.l lro$cr6':qx'c0r oUD6fl0q'c0u"
Jrvx'r66sagqrQ56r6oBo$r6&'rq'N6oq'oo5(r,Js0('|6cbol'to6rq'ooLS6ronlt
(,) rfaocpl'' ljrA{ub36ou AoC6 Ao&raCa'gq' oC6r
$$Acrlqpbf6$qo, Lrh(f$
UOiOol\)oJUdn Ac,ErOCOCbo o6qn3ryec)q).) ACl)r,aJ xibJto J(.'l,,C63q'c'
6$brbq36,"Jq, Jf,oocc,C,Jocbo,J6.
03onqmqm6oocD
&UbcQrSr(o, 2ol4 gqnL 3$c6Jaoa!5olt J6('lb6r&Jqo
qoJ6}6oobbrUfuo03lr36ol$,iq6offi"q'or65q'o$ooaffi36Cq'o3J6opgQlofuU38r'rdr
oJBCoCbr. ogA0! 5CAC ISQr !qo6oB&!b, CXDA ()6()l, b.)o3rq()lr$o6Ck cr,, 6(,A ACo)(')('clqx'l8orao
ACOrqpJ(c,o Ar6Sy6OCbCSo 16 6oaJEC6o A(,OJAJq'o
.)6 rt6oL, oSQoJ\)o6o,r !Q6o63q'o
ACdJCOT CnAF{,Je Cg6,('6(r85 lr5hq'AB,gr, lcqrDol, bJaUrbC6oL !3(rDa)6o'r
lrU0odooir, drXC(x',6J, QJ .)$oqo(r, Jo(0g c6o)bcq' &'Jox'o'cbb !a atrlt('dlC(f,&'Cr)
aCoJcreclqmacr,L ArbCSdr5 Qr ACodq,otsoool, JUO(ryC0q'oDJtC.
l$&'lemo 0JAC6C6ol, o6(r,Jxj.!(6cM, ACU$i6dxrU) J@0f,o"J0C6o,r6(201F2014 ff )
6ECqh q'r 8CU$AoUo AC(,rt6Cboor,
o5(nJro(q60bo lrslril6SCbqrt aCQrdtJ
orroC60r,6CeCqn Art('AArAn C'5
d"
96.60k
65.?%
887o/o
89.60k
3 40,',0
34 3o/a
1l 3%
10 4olo
$orsagpq$1,
2013 S
o6(ooJroo6C6o bJrl6ACbq,o
Sctr'
38 0096
Ecaco$c
65oCq'o Qr
SClrrbraol,o 0Ce!6C0oo)o
('l'r,oC6O()6,Cbfq'(,
ArSa)a3rAn
G'J
44 Utk
7 6j%
2Wk
arqfca5(n
20 00/o
rJArJ('ttsoq,C8L
2014$.
aJpqCqJfco 6CAC6C6ob o6AoJ$'('l6c6(t, adJ5e$oLct8r 3rrr63l6r6fu6or6(20112014 S$ )
bte
6ror0qr) (,r SClrl0rAobo ECAJf,COc,o,o
LJI$r6BCbq,o ACQCAtC
r,tr,oC60otr,o82q'o alt(')&Jr(r) er
aoq$Ca!Ao
3C6
.r3tugrgoq,C0L
2013S
39
A7.@/o
90.10,r
12 4o/a
9 E/o
l,Icr
b.)lrr6ejDqa
336
lJargoSoqlCbb
30.00o/o
ea(EJs$c
al6(,3601{6CDfq,o
6:,o,Cq'o Qr
ort(,A3.)qn
&$O!adr)
e6
SCqoY6C!ffn
&,qftorar)
9Wk
68 00./o
98.000.6
87.W,h
1 00P/o
32 atrk
2 OOo/a
l3 00o/o
20r4s.
J6('l06saJq,o boU?OOob 0Crqoo6olr ocgxqaesryttor
oo6(1116 .:qoffi), b5bCqfB)Egl &tcoooob idxrydrna3qr) g('lc6Jooo aa|ftrQcbj
f,Cbgqrf,1pps5lr+f,o6Cqrql, go6r6trot) a$qf,ot S6xtr6Cboo (Ne385; 2011 $q'ol' 8 %q"'L'o C'
on<r,lb) "J6('laoJaJqn s()"Jxroob fu Qoc6dr acox')ae{{'16ffr, ('raol'8c6ob orobr$c"
SiOa<{pN6oq,o LolrOCtu aot6rA ol$b531, J6o6rcrraS8olr 3ggbor6o6ob
ACLrbrAot o AoAr6d/J(,3boor Or'$.r5oqn L*6ACbq'oL) ArfuCECbq'CbUr
($to6>qr'Sbobo3olr
q.os se6o66gqo 3gCdJoL
A.,brefuSJe $SlOcr6OsaSOoU g.:56qXSAo JcEJ6,COUq'o qo6oUdoCbCbob E3q'C6Cbol'-
Srd,ryJqr, Jrcx'rqEdomlrarftUqD aoAb.rbgQarfr ao8flfuoq'Cbb &'rt'frou 6^ra<466rU 3b
o)rgoL &16()3, brtb 31,3.>6b, 16o0 Jfx'r66rrA38o oCA6Jbr Lrtxlb{x'Cbob A!6$CAq'o
l'rJolS(')obou
l,rJrLgb<'rp, 1-o 3o636COOqo &d5oA6rAC0oU gr66q{6tso l':b3q'A$ogob AoC6 aoS(.IQCbU(,o
Jfr'l(tjdooror$cE(,o aoalsbgrv4bs tr$orrro<.o xamgRo br&')qm(') 33a936olt aoqSJ8iU
cat"tbJd,c0.r. acox'Qc{,r%.nt a'JrJbrafrr(,,
lr.)bcq€ftEe) &49xcoob J{t""66a'Jqn tse6ar0ou
dodxroNA JTAJI'ECEOOAJA 6<'nt$trt30r:
. lr.)hq,a$ogcirl.,.)BJpqm38r,c6o J6(x'r)qlco0k';
. ablrr;rgo ('rhU3&Jqfh8ob AoCC, A$t rLrC6og,3hqn fOo6Osa3ac/S3lOo6Oftao;
. J(6oEC(r, ofnr6ora3Ont/1fo:fx'r6alACbob aocb6Cor) q.o) !a &'t6Cad fol'r06AoLo
lrr&'rq'tl'x,fdlq'C(Udrr aC(rJAC0o;
. Lrboqx'rerr&g.:q1qgr6o E9c-oc6c6oU a6rLc6o! o6(nJtct6c6o.
kfioo&f, JofECq, (,sECtC, Jfx%6Ja3qr) Q56#,or)o, al$36'''qr) Ui6o53r'(rA(''|
JfnctroJoooootr ts560(,C0Bo 05o$C6',CAJ $Cq'r Jf,(.t66,raJ, 6(',aq'C0(t o!3dr frr')(,3 A'r'OAb
aCb.$iAo[, CACJfx,o5lACbbr Ar Sfrh0Jdx%dr$Ctl.,
40
l.,ol,OCAoU agcraS Q(,EC$o, USCd*"Cb"U grd'oq,Cbao 6'r6bbot61p3q'5bgq'o
Jr6r'r6CrsA5Sobro6ob
A^t ,$CC,Cbr
Aobrq$So l$&.lql.x'r hq0J0o(outcomes)' reffiJq'''
SCqoCbCbol,l aobrQ$Slqo Jr5o6r5r0olr
eoboudoCbCbolj 6r$Cf,5 bACbJ
M''o)r(n ffi!6'd'"Jq'CbCbo' Ar6lrbod'OoCq'CbCqb
J6x'r6Crr0olr re$C6o! SCqAo' koqx'r A3g'>ll36s - l$boq'oo
K'y performance lndicators)
0C(,C6rMj qBJhbo[r.6(n3sogtr'C&'o'(Outcome IndicatoE or
LolJOCaoU ACbraC a'cECtC, $!(('Arqo00Soer'!
C0CJ6clb6sAC6o
eJ CaCab0J6obf),5aCbo, d)oaq'Cboo
eo6olJd(,J0cbu es &.fsqtcgcrq
Jl(' F'raC6ol'J gv66q'Xb8o Bsaq'oq'o
orr3ob dbt6q' 6oog4L br6l'rbc')6)oocq'cbCq'
8cQcaobb(outPuts or deliverables) rQ6o6"J(3o €cac6o6o'
Uss<'rqx'lt'r acec6c0oUJ6rb ar6llbJroc0oo, $rf)ae'li{-obc6u "Jfxta6rHr
ACACATa
&3Jr+ro6rrrr0g6ou/Co6oUdogbgboU Aionr'Cbob
gvr'6gc0ao Jo6Jf')c0gq'o
A'x?CbJq' Jfr'l(tr*Jr" ra5bor6'
(rFsl'i' Uts6('l 'bclbJQo luboqxr(1
BOC{SJ6,., ECAC6C6o ACUrd(X6CqoJ 6lAclS6CbUq'
OcgJbc0r b(005
acgrorEoL aoq$c€oL 36x,,66'cbob acbJg5Lcoq)a &gDdx'6orac0oL
a3pgcgJ6,o accgcacbob o5(ooJ\)m6'c&'o(outPut indicatorc)'
g3q'r 3oAJoEC6Ool' tsCbJbCb'
r6hoU(,o ACocl,(,('lqo6o.: odq'6': o6U6r6gl6n:b botr636olr
qor6c6b3r
rqr,lj$(6caoo,, r6cra q(.cab3 c'(()(,c5oo6'C&:|q"' &rJa,$otfu&
ot3a6r o6ol-1
6r
bJsgol,, co$tcJ,
Eco,'p,,qosrx'', cor&qb6qo qrttBl$.r q.os
&'rAtsA'C0t, 6oL rggoqlCbqmbJtgg Jd'%6!e4'o A!65f'onb
aotrelS$.r*rqr,J
6c68rdr6fuMr
!A{r,tol, IjlgUfuCq'C53 6JE',3gCto'qo t{A"o'!Q6o&C("o bv4'BCSC&E aCOScq'C0I')
JCd'&ra.o: Ao$rfl,C$$oqnr
AtOCeJq' o#Jl do6oor(rl J6o6OoJCDo (D ACbr0!8olxr 6rs30CEo
l$boem('t Q!
Ulc6o'sa(,ldr,l J6'.lJoJol' sro'3!q'ol'$(l6c0oo' &6r'r6t6r8ob aotScbob'
qD USs' oFi.l A$av6000t(,('
Bclq{AEoo Ec(QC008d, tsc6aodCbdi')o}3oU, J'm exrU3o0(')l'
Ur&JDqtbJr
o6(rl$Octr Cbol, :rJlC .rfrrC&Cqt<l J'oO66qCq0o' 16'19 0brr?('t3 Qs$3heCq'Cht'b
U:6oq'em' oU3
6o\p0Lr Bsarnrgrq'o8ob 6r'r6o3rrr3qn oSaoJlorr'cao 6oas'6o J6obd)rac0oL
aCrq$-oJ6,o t0(Cuoolrjo)3ob ar 3156!63C(!rE J(ffiJqr)
o6(nJ\)o60bol' 03l$brAobsQ
a3q'CACooL Ql(x'I3qr) Ar ('lBoCd)floo brtc'la3J
,]o6ECq,d,oidao,rUOoq,CDCq'orf''a('rg'q'o0([us6xt66t8oL00cg0Orft"nSrt6olsgr
ooqn$U*rrrl Eoc6o6oa(,b u4PJq'o 3{'x',oclrr' UEO(, Qco''glft' q'r ljngfulv4bt6qo
seff r e$)Xrgo (,rEClrC0Oq,CDCDdtl.r,3ob' 65tCo rA COi.]bC frc(x'lQ tx'ItJ(r, &'ox'o'CD06or
a'r6g&gqr,. &r"JbCAi3cp o6o[rs, r6m8 3r6rj6o3rEo J(r)(,b6'56o1.t
41
l.irb(.lq'cx' tsC(oCa0bol'i' ao$ECbol]r
ar rRfui6oL go(*Jq'or6cbr gl,}F0r6(BrQ cr'jcrx')bq'oB5a bQcbr'
o6\)16$g9o.$o 6so$3r+x'rlr QL$saoLo tsASV3(6cOoU ffi('Cafx'lb'
grr63fugq,goBb 5(6o6Jq'o Jdx',OCiJoL ACU5SrBolx'bsL
aobrbac$(')6oq'o5
6rs6 or'>3olr 0bt6r6
qpr$3lt3bgq'CbC6ol'' bO6sOC6€qr)
pr666goU Jdq11lror$
pr6dr.ri9, oaob 6ro)3re'olr$(6C&,o', fx'6 ACQCAt0 s'6'oC6Oo6'C&Jq'o
6rr5lqfoo6CboL
Jrxrocbso rac r!3re $cf'Or,q'l' t'$('r'cqo l!&')(r',(') ac(gdc8o $ir'ao'rQac6L'
Jor€cg
6x')acq'oo 5tc'l'C8Uqx.
UF('5 D6d$$€6(,tl, J6,"46'q&l'
tcarggE6Jr tsv6oxe
0gorrqoq,o6cno, $5f,a(rrq'ac6L J6obr6r0o[r sr6tx{6oocE'c8ob
LJtxl)a}(mcbol,j 56 aob6<'r616%o ab3gcrtr 3gor,epQcrl6Jbc.
acaK,c6 lJJgcbJo%c aEpr arnbqg3l,,
raSo61](r, &J(,c6ob aobJQ$Sra a'dr(53o ('rFJrCD/Je$CDolr &$r6$dx'
gld,ambao ar6lr$r{r,OoN'C0Cgo (r']E*doCDCDot' !e0'C6'r' C'(rac('(B
aoL$saoU gq'tso. acaQtc.}a cOrJtC a5o$36(''1' J6('larr'Jaob
JfF'66DAd'
Eooxr(''Ctl5(3 oms
b>6r':q'c)(') a3Q36ol' aolw$carQ
l)r3odx') 0Epq,cefli6o acqJasbo aclt)brtux' Sc$ralaf'r0csd'
gJ(66c$En aD lR6d6cq'o
)aoLr'
a"Jpq,cQIEo acgracmrr aoL'REsia bi6lJcbc}6oocq'c0c(r, {('l6dJ&'cbc6o ar6Qr
A']ox'Cr'Cboq
bCA'lJe6.,6Uq,o J6,(,OCljoU qoC$q-J6'o p6tur663brtso4ob tsglrrdqIbCq,(,r
ofJr oocrx'rC3q'o reffiJq,o 3oa**3Q1otr B$r'rg')'q'obCboLJr ArLJsAsq'oL$o6CbCq'o
J6o6ooJC6o lr5C6ortsd6ol-ro Jrrrrj6o3oL tsSUrbraolr':q
6JO ElrbCbs o6AoJ$c6CbL,, AC(,x''(x'(x1u'r 0$l's$Q3lr'!gu
o6g'Jlor'6[H' ACuldq'sr
utfD&C a$aCqr,' 36gly'$etbd'' csdo0dx'!0ot')
fr6o8, Uts(r'(l! A0OiqU6tQ 0r6r€vr'O'{{' 6oL AC85I'CD'51'
Or,Jcd(6i(,a'c6('la{(,qo, b!6drbottrrBo,
o/J6Or &,1.$OCBr6c(o5, S/r,orf,
oUJbJ3U o6qnJro(1fuJ oroo,oflJ(r, OoJo ACl,rtr!&'lr,
8}.iq'od'Ck'o,, oCotr'4 0bfr8' JfT CCp&0o
Uol3lqdrB6CkE ' &'tJecs(16qr)r &'orE'c&Je' dEir
qJp(Pcqgi(r)
o5(nJ\y',( ., dxracq(, OoJd, arE'{'S6cDr5 a']ufrc$('l6(,('r, l'''Doq'cx" ('r
$acrg(tr6oqr,
ac('cooDd., Bc$bcDdrsoBolrOrqForq'.D. Jcffi''4, aCor'(x{x%oso
.
tuomo&J(r'r:
,,br6,XtC aoba3go o6(r,&O('If'Cbo €JrCbU J&%f'saob/#CJ6o66)sdolt
bidTxoJb aoAJ6oCbc6o;
03q66U 6r$3gq'
. ffiosr'bou .Sce.3q3.,,",C0" b3Jft4""5 o6go66sgoJr &rq$Cgq'o tsCpC6oU
.
A"t.sq$"s"g-O"t3 ('Jbrdr;Uq' 6CbU6bC6o'i6 A']Arc'o'C0JAo; .
Ar6)A('C
Ce3*:#"'b"r, .Scg"l"O"f,C6" JgsL3Slr &p$Xgqrl AC('C6oL brAq'CErU
r6bCbfq, l.iooUroosbd,r6 ar€rtrror30s6o "
42
JdtgCq, 6q&,, EJo,c(,(, t6 5l6dr bhvrDs brq&C A$&Jq' Qr Ctstbor6(,od'
o6Qnlodr,Cbl, 0('l(totu er ieertr{Jqr) b5Joo,bo A.!A5OCDoo, 0566!6O00Jl, tr$<f<'4ab'
6gox'rqmq,o6ooL dobgqSoor blq6c}1 &,0€"Jq,o o6(rlJl6of)o sgitgbb fup66L 6i$3pq'
"br6xo!6' aoaJc,o,CbrAo, b(
q'('t Ctsdoor6et0d, o6(r'J.,cnd'o JgJrCDl'' "('tbi6Dffi(,o
ir,CbUfijo0olr" aobr5tb$(.)6o<mDJr ACC,C6C,,!6 ffir6,o,C0rao Ci6o'o ab5o3, UsL!6g1qr)r
g,)q,brbrqo B!6o0r6or'rb cr,.J 65 o6UqtLMC0J ,,b56;ot r" glr ,,Cgrbr6/XUq' 66L36U30L" $36,
A$o6rJ ab6,.,3, (ffiCqm o6(r,Jsosllrro oo6sq'oL$o6Cbl'' l'r&'rq'oo E36p35ot6
ffir6<r,Cbrb(6x"foqt3 3ts6<'l txrSr(nJ) q,J fx'raCqrr eJ5q'CQg6 Agq'CAo'06(J'6$'ff)Uq,
ar$cla3rA Jdxr(&bo,!6) laffiC(r,
OC6AoECbob 05aogC6Cbrt
UEf'Ifucq'gc|tsU o':3o('16 d6rb sooq'CbUq'o
d,r6 QrJ53Ao6CbUq{ 6sgNbrrn'rh&r q.oi 6,q'l'Jrbr qor 6roCq'o brbQCL
o,i9 f,ol, SCAJrCbsb CALrbJOC0o.!6 rQ6(trOqr, o6(nJ5()(9d'C8o J&C aob6aJ$('l6oq,(,r UE6(')
ACOo lroOb{nbJoAob aCox'r(x'lqxrSor obrq's3qr3lr .I'6J6'}JUe Arbrq'o</'CbL bC&.lo)
!e5o6gq,o o6(r)J\)(,6,C0ol., a56atgc6cbdto56 c98r3ao6c0oo'
bJ6AJ rAo[,r, o6(nJJ,Jr,6,C0oU SCAn!a5o6g('(,
U')ao Onlou 56rq'o$obir ECU$q'CbCq'o!
J.>r6Jqtq,o d6ru 6J3q$3q,o Ctsfr}Jo5ffi.,L r3(q)olj UlAo aoo66G:olt(3E)-3gg$o':6cnbr'
J6<'re&hq3qmbr, tlsft',&I3fnbr- ACgJrC0rbolrE Qr Aob6AC$r'r6oqrt Stlr66mq1<ngoq'
oC6dr gg6,Ao6eryo6clj6,o ACLrbJAoLobr. JCtuoA, &looqxnq'o6or0o A-OCaCq
o5(r'J$clf'Cbo rtsrbJbC6 oAlL oC
bJ66r6,OCbCbtC Qrgd,Qer0oo, CgdoSdx'lbob
Sdx'6C,raC6olr*OJdx'r6Ora30otr 6.:mnOSogq'CAoU a3qOUA OJAA'C6rA "JbJ &'q$0Cqr)
So6ir$56, Arbrboq,o Ao$16o, A6-q636ob
65sK'C&"b6qo Qr br6ol'bo66o3o !t'j3&Joo['
obqooJi0d6C6o ltslttCb06
biogrqr,L$o6CAoo, boqx', br6xtC ffiAu(,o Qi SggloorbctboL
g*yrafr6rqe g.$<tsrt ACCnOl.r.r Ar ('rbrf,X3q' 6,Cl,"J6Udb A' rnb rc'b3&Jq) aotct0gq9g5o66q 3s38or6L, 6r$3gq,o brCrl6bou &r$.:543$o6oqm8:l'' qr 6s3qpbqg go35lmfq66i
od.>$0 og 6)rAqJ5{o oC65 AoQfuUq," $o6ru$rd) qorLrbuq'o ACQC0o Ctsdoos6('boL Qr
brGxsc aooaJ(r, o6aoJ$cf,cool, re$cr,oar6 o}J 3oau2(1q'cbo,, acl,rdq'c0cq'or JJ6!E'cq'o
6.>3€q,t'rc,, ll!h(€$o€r', r3(rtoL
LrarrbUf,ob ffifiIjor&lbob D3(r\)ob tDbcc€degr6cq'oBo
6r6l$tq36,.,Jq, ,,JoocCJdocr0('(,bolJJ'(66 63q'oLb6obU
oAoL 8Cgrhoi, cr)'J 6rAQC65Q oU(,
sSLsdq,cbcq,o &ao9C6Cbflq,o dlClj3f,lrcbo(,, g.33orXLo 33qr36ol.r 6oq$Xgs) qQ'r ,oJo6o0ou6o6ob"
J6<l6OoJCbo,r6. !AJ3C lsbgeAdqSr6Cexdr 0ofuag3oor, o0ollor3ob tcrcf 33grU365q' oS'rU
eroIql(l og(, C'l3 v65 "Jdx.t(doo!(xlaob" JffiOoJo, ArAJqr,(,r,bJo,3'fj ACa(')cr'AJtCfuq'or
(')6,(, ArBgC6CbC(r). J.,r63Cq,o arS3CECaCq'o tx,A!3L b.ACi(mA oC)g{3q'o J6cl(rJCoolj
eof)CbUq,Cbil (Jd)ob650olr/CaCJr',ob6rAoL 6r6bor6SqqXboU
6CcPC0,)<9 q.osaq0r6o
Ecc-ocaoLfua6o(.n loerq"cdjou ac,ouqx4s argsgr<r., aol<r,!6 eof'c&3($r$c
Outcome/Input), tx'(x" AC(.t63 arESCECbCqr) rgrL36b Jtrx'rqlalJob 3el6.so tu6o']fl(,o
oocrx'lcg(,o Jo6oL AoCc, acCffioq'o Jf,oQftboLr l-r'>Q3rqt.r 6roq66r'r6'it
ofJ, tCEo,r(5oqCq'o($ d'a,ACqt OoJol'
o6(r,Jror6c0(lj AfArgCECsss 6CJ('IACEAT,6CD€('o Jdntf'raJDd' Uoa<eqcm S oJtqug06o
AJ6er 5AoU5, aob$EC$r'6<qrr.r E(Ex,o{fu('
qQm00dJ (5(.o3!O(',6g6.rag. l$&'rqmo BCQCXgbol.r LJggoBo3oAc6(A5on Aqxt65q-J6o6oQr6
Ar 6Jqd)dob4x'rboQs6 5.:6rn0qn6f6), 6con B3grlr3boL o6(nJroo606o 3gt6o
rgrLx8qgSLr,
Jt6r'r66$oU
}rx'(uk)oUqxebsl' 16
3oqx<'c
cBf,bos6(')bJj(ac(0608o,56 aoavr,o,fbslr) 36qrs
Eqqm re6o63go r{r,o rLJdOo &3J6n66rA30ob gv+Aqf,06o &Jse'3qt36'o
$<.r6<n&136<'rbru.
ts5qgXbf6ol, tsC3rLCbobCboljJr g6qt ts3grbq3l-r' sL63 r6l-r50gq' J6v$oJr3o 0J&r3q'C5oq'o
bnr63bgaob 65o8!q'oUB)6cbo<D, aobl&c$l'l6oq'o aooooc&Jq'd6$'' 6c-ra oa 6caohcacttso'
6xr0r Jfx%6rar u6 a<'q3.r3L OJq,Jmq, Joa&,5C6O Sg':oo6o>a3ob' Ao$r6&JB'6qor AoUo
aCa36Cboll 03g.>L5soL r6qrr3.:6<nrrrC6o aooOJSaOb, 6r'rbo6o CgfiIjos6r'lbotJ(t's&'lq'r'l<'r
tsCeCboL) ACgrLCbob o6q,o3J$of)U, sbCaC o6qoJ\)o6,CbLr Jd)oQgC6oUq'r'rboll5 Qr
So6craoSrrxnool-t Ecl$tsJjc6q,ra,
6Jo 3ti6c63c(,goeb Jtrx'lb6JaoL 0o6q9o6rt63obob Sxtl>b0b
lrd).O(,!a'ts.'q,o bg6rort Sr6&r(,AC6Jr.
0,r6er 5AoUr, QJb.JCFITT Qo ('tssoC&') 056atd'O0D5t'' U"'Jo6'oC0l'
aooCc3q,o rfr dortxrol<n 3d]oddtrtJfo0o, Octg0Otr}o dcQCar0'I &$f)'Cm8d' offi$'CDol'
Acox'l(xqq,(')adfio
o6QoJlosfdo gE<s r3asgotsq'CD(6C6. JC6d{,Q, aCox'l(8i'('('16rril AohqBoo'] AffirbCboL
o6qnJ5o1'r6,Cbou fto30rSCboUib ab3<mqxebso 36QJ oCEJl &x1Co3q'o, dm6 obo6o 36qgr
ogol-r: btr,n56g\r'r, aCqCAtC o6oC6Oo6C&Cq'o, 6!o,Cq'o QJ brt(9A3rQo, oCl'rbJAouo Qs
&{SSrAr), EC('r6r&En
J6,oOCf,o.JaCS<r,r6
Qr3J3A.,6CBool,
Uo3q'.,Ur, 6ob60C0c.l6oq'or Cf'oD
J6oOC6€So Jgtl.,C0ACl, oOqr,35omtu Ad$brad, Cd,<', e$$(
&)q,C6tU qu sfr
&\6lt ot6o
ffi5.v6lx'lb6(8ra S.r6bb3JgJoge,o J(6o006()"J&,1, aCf)ogor Ar CtcE S6ooSorryArq gefaor$':
JdA!A, Jfxrbd,rafq,C) &19X3$oU a3ox'rqxrqx%ff o, ArEbrbQSF,Uq'() J6,oOC6'oUAo- ,6ro)Cq,.)
AJ oJt(.lABJeo - deq,JQ regas(n aJ bJJsbfoo C6oo, !Q$C6oq'o' 6!Cr)r U3Cq'r
AroE)C6CbCSUAAT abr630 ECdqx' J aoLo ATACET' NaI9C&JOJ
tsCrp3dol, 0CgJrC0r', aobo rqftdloqxlbo($
qgJ Aror' O38meBoor Aoq$mq'o
qu ffi$tr'lx{56 6^tac'laqx6r6C' Ao$568C$<l6oq,rt
Br&rglqr)8eCb 16<'161169 (.'6(, e.rAcI3fgACbC(r, J6€C6,€Ao 6.tq'-6rq'JC broDq,()
o6QoJtJo6L, 6r.r6Cq"$ odq'Car
6gqnLb0o0L q.o.:o66lv4U9fug absf)Cor<D3ob &I,")AC6
€gp36olr 6.roq,x-o o6O06Jd,CO6Offb lr$ScqpbsL U1qm 6Jtx'a3rQo 6SqnbbAt'rbL
o6(nJ50cxt U, (ffiC(r)o odq'ts! AC(9Ca06(lT 6stoa3oL'r qs qx6r'rob bb3rQrttbr J$r'(x"(Eo
agq,cacMr Egqer6c6ob lDE3oq!6Jlr. re6offiJq' J6,oOc6'":cAcBIr orq'oJeJc 0$"k'e53ti
l.[g3goglm J6rj$o3nor aoeco"Jq'o SMART J6'(\)c6'€6cbou boL$36s9
r6.)qmbdJc)o 0tr63qr':0r AC.dq$') Sr36,OCq'(Oll J6'q)Cf'rr3At,3 "031-r'16>0ollo qr
aoc$mrqr,' Ogox'rqrrqm6cnb 0ob3q6oor s<ffi"3qrl o6(rlJ$c r'o &ffisf'Ocbr
30fuO66sof,rA: ,,o6qr,3soo6,o U6Qr o&CL tsCC,BtJqr, Ac|LJqr.t('6Cqr) A3q66ob EgUrbrAol$Q'
sCp$grOU6rA g6q.: tsra.r3q[U ast Qr 36Qr ogob 63rq'ol-t63dro, 6roJ 56 o('lbc-oCb
aouiq,oe6cq,c,ac(oc6olrtc(6c0rQotdoboU6'os':ooojoo
JcboaoLoUf)o
acgJJco$" !tug(,&eUq,ra, orqJC qora'ICJoa,cbCq, 36ro69l6q30qps BlaesrqrBcfu(,o
d(,o0q)o@C(mbob" J6,oO0dqJ6o' rft'raqr'u aobCQBooso oEAnJrJ(,E'o "38('J
"ft(ObtC
6JAr.rb\)!AeCl., qosbsbJq, dCQC6orE Adrfd6bJ," Ar
6toACqrl6 Eo6$61lr.rb6%rQ
g>j6obr6og4.o oA3c63bb A3L.>6'fol-FBrtu Jd,qlod, &,o, 6s0L'>\3O3q' o6qoJr0o6l'tJ Qr
ACU'tsSLC0Cq, AJ(,C0b Aod,ob ASlr$.:aobotr'i{',o6qn3\y'tro UEAJ oj63b 436fu3q'o
&'rll.>qx4rfuq,o ACaOSob ECbs8rAob{o") $q.oC6rq' 56on abdro3' 0ots6il9$r6oq'or
S3l.,rbr0ouobobr CQt AgagX6t3 olrroXp$or6Xb3qxebol, Cf,o, J6ogC6'o130rqo 6rCF)oo!6Cbr, brrgro
A3oC,C Ob6o3, Aoe$6.Kmbol,
Qra(,3loaCbCq' Jr,oodvl.,JosA BrAc'lgJq'oACAr'
rarbor6, aot6ffiC$(r6oqto') Jdr,o0dxlgod'r txrllooaob $'oa@ootsL aoucgcl'
J6oOC6oUfoSot,
lrwo 6!5Jo6CbJ, 6,rA(,C6J(IJO cro6 fuAoD3$':Eo Cl6oo J6oOC6o"JAoL
qu3argogoqpboL lgooE CbCq, Jda,('Ibjlr $5f,AorQ'dJEl, t6rAenEoAC Lb3s q.oras{Caoq{b3q'o
J6,o6i6,of0oU qgs30rgogoqlb.r, 6,10 r6)o,"3q1Sfr o6qnJ$r'r6,C0ob
ArOC&Jq'o tso6sr6lnAfrvJo
3gOa'rqg, UJrvtSCbqx'x oL Jf,oo0d,(/J6o a3ox'rqx'(x%ffo,
BJ&,UJq'o0C0ob Jd'ctsCLL'
(Do3o6o,3oo, 8Jo$CCc,(, crtrqi.,J$6otoo 0t"O"sl,, B3L$saobobows<-q6b3
o(roxft1ori66gq,o6ob 36o6gd,cajour6, d,raQS6rqJg aJUdq'cbcq'os o6(nJ5oo6o ,,J.'lq'oOoSoL
6rmJbcr6ooc@1, gsq,., rft(r,a,c[, ao5\r6Lobfr8 (,r e(6c&Je'
ofucx66cg''Ju"' orJ olt
Jd)o66raoL ffioA3&Jqx'r3r6o S3a-o36oU ASgsl-r3b vc' JbAC6f', rAJrcDr6, l$['r6006qx')('|6oL
roooq,Cacq'or o6(r'J$(,d'o og(qL
airJaCbo
Jdr)OC6,qC0oU q,rbsJ6rU(,8oqfbq'rQ
cgxrQl3rrdr3l3q &r6Co.)o3olr, rtu6 orr3ol.t 0btrn6 6rlll6g6.>qn0sl''rg Agq'oLMrnbll(6rolCq'o)'
r6rqxraqC6(o, o6(nJ\)o6ou 65ttA3r(mbr, l$St6orr8ot6oln S6dloJoo' 03q'ol'rbao0[''
f,rt,r<.c6<'lbrrB ara$fuoq$ao 6raobfuob' JhSJ (r'ooL Ubg{o5ubr
rrx,rocr(ro
fu<gmo0ob
J06o('(6o EgplfuSrtu br8gsq16rlr.r6, $Q36sq.o bJ6$CAq,$oq,JQ arnogs3L
qq-ovr,C8ooxrboll(,,U6a5 odqxcrcoL acbJdqrbqnbru a''b(tll &'Q$cUeo Qqp60ou agJt36>
Al6,oou Lb8rqlub3!,lC6,cmAAo') Jc,oooir,(}J0t')o'
0Jl6(,r raobJ, Jf,ootrqoaCbot gstrao6C5'f,Ju L'ryJOJAQJ&q!'
3OoggOryA30or$ ACLrbAolr'r65 LJCOrAo"r'or
bsoo!q,ob$o6c6oo, 6(,a acox'rcpx'rqmaodr
lo*'6 gre.}frc
ACG'CAC0oU Odob AobCEBool 3g6doq' o0oLt
acb'5b5ill$qo, LJbclqx'l('l alacbobo Ug6o l5cru(nr
er rbJbr3b SrOq,C6ir lrJ95o65(x'r3brtC )E Ao$Ectbd'o3 XAggtC' .:qffiEJq"'
o6eoJsoo6Cbo0 g.tq,$3q, ECAo)bACgsoo ACodq'Cbr 6ro}Jq'J(g ar$oa3!(n
ogcij oLr grljo'
6xra o6(r,J$r'l6,cbob J6r\)0fr,"Joc8o o,J6r86!a Cbcar d'cla(''60 &Jpqxqcf''
oh l'r0ctqx'x')
0g4g63bob o6eoJ\)o16c6L, d)(E acaoblftsrso o$333lr lJJboqx'ro 6cQCaol,
o6(,oJ$(.)6!Q
ottCor, o6(r,J.)lJrl6,Cbol,) Anomo4ocu, rx'a(,Cboo oJ3obo ffi$6Uo(,) 396r'r
EU:q'C(tfC'
!6rE'o6oU6rA' oaoL
0C(oC6U(ift''AE*$r, b363go3or6orr 6soQC6cOJr c-o': rB) rl-r$s3lt
ECACtCbo b@Cq€rqoor6o Jg6rxqgolrsor3olt' bcqx,t
Ard)grqr,l,go6C0oo, 6c€ l$&'lqmo
Agrq!(tJoo AC(0ACDo JrbJE,COUqr) 3J(r)l$<',3dJ0!Bolgxmo fuq'o) 6ro$C6'ctu' L5&'('(ro
3gqp6g0ob.>or3ol.r 6oryq'ol 6o$&nblrrqo 0$g63\'oU(target)
6oonor30c' ory63r 'rqEoffigqn
aobr6oCBrSoer,r ao3or,oxrb a'Jiq'C(Btr' fo(UdCaou o6(nJ\5o6Cbb'
o6
bg&De6omgq,o ir,Alo6S6qugoC6ob AJs,3sq'ol''$o6Cboo'' Ao$s6i'C$o6oq'o': i.osob6$olt
ATA('lgC5cbC(,()'
IhUOCOJ, 6xr6q'C0rc (6qnJ\3('lr}cMj tsCb')tssbcb(,sqo
J6oOCi6oUOoJ
"J6Cbr
rA$0)16, ffioa36Cq,o3$or g3gq',r 36o$9Ong0otr'r4ou aCAJasSCbUq' ofru AC0DqPJ6o
o6lglrlafuo.> t6rot 6bqpo oJb(ocu 6r &'otxrS6cbL gfus JJr3bo\5U o6QoJroo6o
&{CDUq'
A'J1j$ArU('lgoq'C0q'JA b5C6o'ra')F'ob(r #)rl)o3oo
artrrh(Xfu|Er, JdrOCd)q36oU
o5(nJr,Jcrd,C0ol, BCgrLCool, Jc)ooC6,o3ag)r trb3rqQdjh) l-rol-r$g0r d(,$&Jq'o!
46
qor6r6osQ
a<.loc0gq, rao5.)6oaao bru.]colctr'r &6rCOoJoU l,Jbcqadq]3)6cqx'456,
sflar,ool, I,JaLsbgoob ao3o r$s aom.'(,Cfuqr,.
41
trx'raSqrlg brbc(6$%r'l
qos6r6o,o. 0CAC6Cbolr/ ggCdoor6<T boU 0ggrbC0oU UoLOC0s (r&'!6r6oqo
lrr,CJCo,ClJ(') Jd,sCOoSob ltbgqt0dqS.:63q,opr6)
B0ACAobol,
6lw3drCgftboie.t0d,
6ctsruc0d, l.r&0&f,
JclaJ('lWOC6o
qeso&,
6CrqEl.re
&tfl,u(..'
?3eodo (e)
Cdoo$(,ar
lr.)Cf)or&rc)olx'r J6JCOoJoo, erf6l6obJgcnt Jfx'r66,iAoU AbACaC0olri0gd6o!6o0ob tsC$bCbou
jAge.,o,o l.,oLOCAr fEAr r30.>gowqIbQCl, F 3ruC aoo63Or6foOu:
go3gll.rrSgbgqo ot6gr6o'b.>g(r,L 6rr)dJqtwoJ6,4j.r&JJqx'lgJqgo56 6ob6C0b3( Foallsed on the
organisation s aims and objectives)
- Cgdolorerbob o6(rrJ$(16,rbo 36a-or 396('e1&nq%1,
sr6ar6ot JO.nb bO6rOC6.,C(, Ao$EColt AJ tx'r0.4q6U od Qcg0alt, trx'rAgou tuq$6rLsg
gpoqx'rbL ofrp6ot.r0oJ. o6eoJtJo6C0oU 6rarqrC6<'rbJ 16 UEA! r].ltrr036qggL oO 6)roqC6obru,
6rJ0 LrJar6ol.io5 o6ArSobsBoob EflECrOCx'lbo6SBoL drxtroorrqn E3q668ol-t/3gg[o.$r'Ootr
fultsgsbg\,4,.
Egb0rOotro Cgs l.,JljJ6acaqm Aso6ljcir,cLCbUq'o
eJ6mur ol.,(APProPriate to, and usefirl for,
th€ stakeholders who are likely to use it) - o6656obJ0oott/J6('r06raou CgCCJoJ6oboL 0CBTLCBoL
bot6CAob $ntr,ao6,.J6ob &tuOCLib Aobb0C$ro6oqrls troa36Cqm3r6o (Do6OCf,CllCbUq'o
0b.r6g0ob Esdloryqr.rbr qg.r ofucr66.8crtJ &'r60st6gbCq'o.t 6J6tlb3r3Cfuqr, fuoftr3fubob
por3rqrrl$o63bs. rAoLso3olr. Aotle,C$('l6oq,or EC6ECAq, ofrL LbSsqoJrhr sLJCCOol.,
raLbbJcq,o o6qooJ\)o6!Oo, 6roD &JacBJBoL acurbSa o6go6ar0or EcUsbsaoLo pr LrLrt6636q'o
oggrlr $gq,c dor6oorrqn As(,6'JJddJCfuE o eJ(cr)tuc,8ob
(6brq!flrCq3qrr(BalaDced, giviq a pictue of what the olganisation is doing, cweriog all
signficant areas of work) - 36q,1 odq1<'rqgL o166,$o$s6ooU llrjdos6clboU Aorq'oJ6 [,U6solb QJ
aooor3(ocb lJrjaoseeaou $3q,.) ffioft6cqm3r6 aoa.r6oryqlbslt - a&'qna 't('3oE'54
&brt(,Ao ofu(''lffiromb ECgrl.,CAJtC o6oJ6ool6C6ra A3oaq6U pamf3rxar 6J(')q,Ce,bd'o3
o6qn3s(X1f,96b3 grS6906ttofuO,r ps bst6oLbre0,6r6o AJbJroroobqlbol, UoUq"cSCq,UoAr.
CtsfiIJoJ6oboL tscgtlrCboL lrolroCaob arbJq'!61.,C63qx,0o1,
s6sq'ojcol$or3olr Ao6traC$o6oq'o')
aCgsl,(ou 6,rae06Ja €JjC0U sx58r6ocb50or 3o6rn&436mbolr, Jdx,a&lo€qoaobr G)r
Cgftbor&,6o1 .ir.lglJ36b; 6,rA(,C6rA bok)CAsOgfJrA tx"As3b S'6(.mU, bJ6oLbob qos
qos6rbyrrxob rLJebC0L. o6(r,J\]r6c',r Q.$rq'J6UCbUqn lroUOCAoL Ararq'oorq ASubdq'or
6r6offi0gq, oj6sb q.orbr(,s6bCbUq'o AJqoCACbol., 0b6oq'o(Balanced Scorecard Approach)
a(ra{tuar, o6ar6o$roo"Je,o aJ J(o!6or5!lqo oglSfrbgbob o3q,oq'c8caob 6o6st6o{ Rotntst ir
order ro widsrrtrd orgaaiz.ational chalge or i-Edivifuils leavilg)- tto\134.1 q.,&.a31op3a3q,()
gfur ognb Jo6J6COUqr, Jgir,lxr6ol., grN6oL, C6rf,C0obr Jb 0rgq,C6ol.,6r6, G6
0obr6ts3$o6oq,os 16 ogotr p.>&'r3oc.og&gq,o ofuo66r6rnL atxrqmqg 3Oor $gr6,(j95c
o6O0OOod{DU(,o( htegrated iDto the or8anir*iou beiog pan of the business Plrnning and
Eenagemen! processes)- o65s6ots6rnlr qt66fudt p.r 016o13ol-r JC:er6l-t30o.>6 Ce0door6oboL ACgJl.,C6ob Uoll)ofu g6qo.r ogob
(,60r6o$ro(r)l.i 0r6o3ob r6l.,Cbooo 6r$oq,o (or
6s$orrr6&gq,o a<,)oq, o6br6ol5r0oJao obg, t6<'rd g33q,r orr6rddt6o03qtrr orr3ol-ro $3q"oq'o
ACr\)!&dr D6br$q3613(r; ao$36ob &p$39.)3o.
Xp6er0qgfrr, ofur'l6,AJorrlU Aco.i'r3C0oL 1.,r5000Cq'Lr Qr br6x0bl., B<'rt6oL Oolrq3bo brq,.$bno{
Co$ Effectiye, balanciag the benefits of the information against $c costs)- CgC*)oJ6o0oU
49
actslhaoL bouocar UEar .r(,,g5q,oL$o6cbecb acltrbraouo o6tsoffroooL aano306tljJ aJ
65a(.lo)b('IglLcDr6 (,5Jt3ao6c03q, rqoDaor6Ul6, qx6ooor qs lrb3r lsboL tfulryr6LobL
o6A()Jr,O('f,CS.,[,
ACb€$C0gse arargC6CkE'o J6o006oUfo6o
Ob6oq,o 1. o6qooJroo6CboL ACUotsJhOq,rA Ar&rgC6CqJqn J6,oo3l5q3A36olt ltol,Jo8s. $g.tt6o:
€Lo6rq,ff b lrrbCq,a$ostr rygr6olt lt'alsfut6<t
Ji,,qJ3d,qCoo
6Cq0ar6OU6,o
a6oE36Cq,o3.r6 5U3CC0!5C
O"m*Oro"
o6cr,Jsodr,o UEer ndqC"ceCb R"6,C8!Q
ofuo605orb J6ro66,!AoU ootECBoLr er
6rEultetr6!q,o aJQJAoL aoe$CooL ACLrtsslr8bq,rQ
6rtr:696o
Arq'0oL0Ca('Cl, lrJJo*rou o6ts(,rtrsoorl, 6ror<,tQ Ar
As$oA3reo
oA(lC(,e8t ACACACBob Arbala3oLr Qi Q6oob
Lb3lerbbgr JCd)ooeao ACeCAC6ol., tsCArr6Caolr
aJbrll(,s)Cbq,CAo
g(,3ru.6Cagq,o
J60A6sAob
€
E
3
el
L)6(,c'
E/
E)
q,5Jc6J6rq
LrBUiq,CbrL
h
(l8odo'flt'o
FJ
s6roffio
(ls c5qr,Jg(,6o UEar odq'caKEu ACaAldr aCg$caol,
,fuOU6" es 6-Cq*
o6OCt'nd,JOro(x,L
U.)afrq'Cb)l,
16rq,o
g
Qrbrq,s6bCbUq,o
o6ao3roo6o)r LoLOcar U6er odq,Xop6l.r
J(')qdCr,"Jf,o
o6AoJr0o6o,r lroboCar C6(r,FOq,.35e CEer
I
e
El
s
tsreC605ob ACB5LCAoL ArbrerELCbCq bU6roU, A5o)
?o6oL b.:r6obbob6o3 qpr rqroec6ob6o3 rLJcJocaL
odq,popSU 0o$6oLs q-os tsgqXoCDoL aoq$motr
UU6rol.,
'o5(r,J$o606ol, D6l$tq$r,ruo,S q'8r3ao(6c8fl(r, tbBJ $rJ&booo
. aote frBo arftCECDq,cBo - o6AoJrOo6oU Aob6(,b6.8o aiB3CbCbq,ou 0r6L[$Q365
LraJrq,CbJr .dgCar aJ6l,rbe36uq, .8611 lt$goLo SC60.,q,n
.
A3L>gsb36q'sp. r6roqoC6obr6o3o
&6trb6raoL/CaCJ6rr66r6olr ACqACAoU
o6(nJroc6&ob ACAo,hCa$o, 6otstrfu$c$rq,or bJo$Crrxtb Aot6(')A6o3o A583C6CbCq,o.
816&"11 6r6br${B6r U.#3sq1brb odq,mr JobJ6COUq' qlrtt'ro<r)
OrS'C0o
hrrrxng,So E$rLA3U er6C6aoq, er tsrCo(,b6(,3 0C(,C0Cdr A(,6.)l, Lb3,nbr, rlrg3g
0obpXu 6ge3bl6oL tsCe.r63b.l l-tb3rqrLtb3r Ur.:66r6o0o J!6rxleCbL ts<'lC)oL.
50
.
b.)o6o06or!ooc1 6offiCq'oL(beEchDart) aoooo,coJ- Lro6oC6OJOCx, EoDfuqrir,
O.>pq,oorq-o 83b6s6oLo LODEAvr,OCboL rb al r3lto Jt6o66ra38oL A3q.oCbCboL aocDooCbr
l-r.rtsgrq,3b.rL
o<t3r J6(')b6rAoL AC(oC0C6o ECQ!6QCU 6oir6obt6c6 XbCBC6L, Lb35
abbsgL &6oA6,rACAL, 16 (,(r)("(!(r, JCC,.X'}(,CbL arr,oL
OtOoqn Z og(nJsoctd)C0d, ad$€,)UCl(,lqo Srae&ECfoeo Stlerr $sr63trrryA30d
Jr6qJiiftA,
Spcci6c
Jo6J6,CdUq,o
do6€$<n rL]Ghooo
J6o6ortrjiJ&,tr a$4,$O055
/
o.}3oAJE oj6Jr )oo{Caoqn
tO63a.r
ao\Btt/, JtoW: altti<,Abqat ory r€$ o6<nJ4otlnt)
ACAJJa*-, AC{AZob WW @ Lg'oogq,lo )effir'
Aoliq{pb$q,o ?CAJAd
l1tDLSo6o o6otrrr630o6rar
.
.
aff$SrE Jstr/doh0lr $ $Uf,J3!O!() 5J(.,oft,6cal,?
AJrtArO(,r&,!5 d'C 5r,r A$q'c(Eio acq'gMbo (D
o6(nJgo'1C0o riffi56r!*rar6?
. ac<!ol, orC n5r 6.A00)(] 6o$q'ri0 bx'aob
o6Q6J50f,!6dr 66oQ6Cqtsr?
LrACF(I6l|j o<8.!
D0o.5r0r,b 6ro(O6o6trrBo
arfuC6Cb('Cboo,4,5 sbBC
eCt"otr$68rNx,b6.,
('la.)$or6Q0o &r6B!flq'
d16ac6o"rDtr
J@4): raLOMb oJ 'rt r,J6<n lttorn)
t<,-friJ<' b"a,Ab plr,.tl atoCAJg' &,al6)ao J!4^aAtlaob
Ao n)nat
gr.n<,Xaa, allfnb aryFgol aam\qtb?
.
.
.
.
o{ r6tr o6r@J\)o.qr OJ&procnrol,
(tr,oor br6avJexdrao?
)r!!Cadb ott $J aob6norra3n Ai&Jcfuaqo r0
5f68aJr5Jo, rFa3(.u)0 \-56,e36, o,.q$gJg,,
A3o&JC6rbb
?sq,cao2
r6UCAaAb o|J 16r,lrr,1011060 6ia0Cqno ACodqT 0r
Ara.rohroob 6x,Ob.SarBX-o 56 Jdino!fu 3q'rQ?
$ir3Mb drj !1r,r &tnQou r.hq)ravNr,$$6r,
f,clArq,oo aCJBrUcoL J6orCOoL [r6,450c63q{bir7
Wswo
Jr!y$oJ3qo, Aory,C(b (9.
.
6s&R)A$ dlJ 5f!,46.&6Cqqr6" o3g"xpCbCbo
arpe'C(lf,ar aCa3Llbar Ar o6@Jsd.,@ar
$ec8ol., 0r6ar3(Es'tso 6ouo 6r6oaftSo aobc'q8oU
Ed$bCa r$6r-Os6arr,OcbcHJ 3,)lr,cac? (tu6.
&,J?O6dr tr6<n J6 djooof,ca,))
.68o6tu0.ICqb A'r
!Clr$.)a.,b
Lrbt''a06qlcl Jt6(
6*rr
a$$'b.,tr,aqgFqrllr
lxdoosSo&,b LSCl.oA'
A$CaPJq. aJo600d,CribJqb
Aoq)ix, aAtnhr: Na"h\tn3b aJ 16r o6<qroo?n
slrlrdJ<" drc\ao,s a,a$oAArL ?
.
.
.
Jtl-r5.'qrr o'J ll;,r o6(nJ\Jof,Jo,.L 8ftscaob
L'T]3fu,q-?
rfnb oIf, 56r ro3.t6J a.nv\oJar Jr,ob6r€ob
0ot6!au, fu{,Cqr3i, QJ lr5&aqno ACeS}fob ar
o!3rUCA.b o6(nJroof')Cbl, 0o6oL,?
oSlo o6(oJr.r.6n acqBrq'r' rbu6.(,or oI 16,r
i!i'bt'b.'
A@$,6/, J<Dbr: gtalSb o,J ,t6)J 6(nJ{o(b AoApfi5o
5nnL,
Tred / erto?o Arbl$1)e36,r3b AfQmob
51
.
rc:1b o13 16r ai6ujtq36Cqh q,cffi
c6(DJ\]q4nU oou,eDBra(tuaeCffiC
.
0q.t
6)60$qE0rAo)7
o3rfu(,irJ o.J r6J .,6AoJ\F ,h (fioogre
ofuo6aJooru oCo .D.,b &6bc)t!ooce,0oor
' (l6eoJi0flr6C6ob A!6urt(g6dJo$6 G'rJA8o6CqJe,o lrb8r j.,.l,JbCOo
. h68ar6J66o(BeDchmarks)- AC[,$q'CAqxr8.l.i rrr,hhAob foAo,hC3rao a$r$sAo[r(aL6.r3L)
1)005Q'16006crr16 fo arr0tr)
. aotfnmcno a!86g6Caq,C0ctr(Targers) (lJbrh! b.)&qqx,n AC('C6dj llJLU6,3Cq) Q(r6ob
br6ljrt(tsdr)Ul(/Aob.
obd,oq,o 3. .6(n$0l'60,r Jfx0o6r,?qDob kf$o&P.
o6qn3$st6oD foBtuCb.l$or3ol, bJa'l8C6Cbflq'o JCbo$rqJfobo:
. 6Cq'CA!6OUt6o (relevart) - Abrfrxs3o ar$ClrC6fq,36olr/Jr6q6saoL AoC6 ebLrblq,
0o$636o16 ao6rt6o40.>0o.
. rf,rxr6lrle()
CgdoCb<fr 6.n59ag(Avoid pervelse iDceDtives) - 63q.olf6oq,o
o06j,>6,:qp, 6mO bCqr, ACCdrq'(9I., 6)Cb:gf,b00ol, !{5Jj.)l,l3dE0q, 6r6J!dla3r[, abr6xr3o
q.or$gLgbgq,X0CboL 0b6oq.or6,
.
.:6 s6 &,r.>bpo6crlr goJ3lro6C6.l Jr6o6r5$otr
6,$kr6go3qp6oU aboqx1q, C6o, (AJAJq,ocDX.o, 6JoAC6obd,%) rUJiIlJbC.
0o,3pot369\n (Attributable) -aDtxDaoq,o CACAC0J UEAr ogoL 6.rbbcr66qq,3bpq,o
0br6ar3o crr56c6otrg.r,l, &{6, Ar UEer JtiobrB(,CL !86r6)o}Jlqp163q$rll.
o6(nJroo{6al g6q.or 6rto&rL o1.,, 6J0 Jo6e$o6 J{Ao6AoJ o6br6oSr0ooL
UrCAor6('tbiJos6.
. $UlrOJe bJ6lrrt(ts6gq{' (Well-defild )- 6!oCq,o, Orq,UJbr bjbtr.:tq36g6oor, oLg 6o0
ffiJOCACbo tsCafxr3(,CU Aob BCbrAJAoUra, raoijrna, AN'CAob br$oa3r bG,C|J o11e,re er
0rb!oCbre.
(Timely! a':6sgA36o p6qo,> a366n3gDL 606gq'y6Uq,r(o, 6JoD.r &.rbp3U
36ob6Cbob 0r6urteg6r eJ ECbr8laoLie erbJ36C6ob e6)aryq'o
b$CCoCbr J6irC6Uq,o
ffirGlACboL brtrtC;
. ll.t6(xq (Rdiable) - L,rlor6o Ar&lUCECboLroEob tgLOiA 6r6Lrba363q,o A!
$qnqdC6ol.,rA0o aA6d&''bor6C; r60yrr€o Ctsd$or&rb.rt3 9619r ogob U.$qx,r ps
6C6oLAoC6o q.omfuCdd,Xbpq,o 3.)6() U6(or ou('ll, er6gA3bCbgq,o 6olr r6g,:q136obrl_rs
er Uoar6orq>3Bo.
2 EJr6('l: Choosin8 the right Fabric: A fiam€work for p€rformance htormstron. HM Treasury, Cabinet Office,
Naliona I Audit Omce, Audit Commission, Oftice tor Nationalstatistics
BC<-osl6C6ooro
(Comparable) - F)65 JCd,orK,C6(,'!6 ':6 Lb3> 0lr6s3u J6ob65aC0or6i ra
gtOg63Jq,gc'golrr olr l$3.,6(')) o6(nJr0(,d,o
Jrx)Oof,()3ooL q.oi30.rgotsoq'CM,
aoooa,:q-J6Je ECoogJqx'Ib $qdob 0rffi €qm6'!ao'
t6ror'r
AdeJrOJdrCDr(r) (Verifiable) - obtcgo QoffaC6oJcnoor 3fu63635q'gngoq'o'
o6(nJq1r'rd,oo AJbr'rArq,o JCxTOCUCbo o#31., ('JAJ'iOfOC0fq,o'
A!&qs0ECb'Ce'o eooCf,ri3u6,J
L "Choocing the riShl Fabdc : A frlmework for Performance Information" HM Trcasury' Gbinet
Office, National Audit Office, Audit Commission, Ofrce For National Statistics
2. The Audior Genenl Alnual Report No5 20ll-12 Performelce Audit 'Development and
Impleuentation of Key Pedormance Indicator to SuPPon the Outcomes
and Programs
Framework'
3. The Auditor General Annual Repon No 28 2012-13 ANAO Audit The Australian Government
Pedormance Measlrement and RePorting Frtmework
IndicatoIs
53
_
Pilot Projed to Audit Key Performance