shop-mayki.ru
Главная Головокружение при шейном остеохандрозе

Трофическия язва на ноге фото

Нужна пересадка печени москва


Читать дальше

Готовые домашние задания по английскому языку биболетова, добрынина, труг банева

Можно ли после операции на межпозвоночную грыжу ехать на море


Читать дальше

Помогли уколы магнезии гипертонус

Консультация гастроэнтеролога екатеринбург 33 гб


Читать дальше

Периодические подъемы алт при гепатите с


нарушение кислотообразующей и ферментативной функции желудка

поЮ║╠А>ЧЪ МОЧЪЪЪЕФГХИЙКЛЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЪЛ╔а@П©ж]bjbjНFНF4Ь▄,▄,ЁзЪЪЪЪЪЪ┬╬m╬m╬m8Жm╛╒q<≈╓ЙrЙr"sssГsГsГs²√÷√÷√÷√÷√÷√÷√$"⌡Rt²═ц√uГsГsГsГsГsц√ssш8≈▓▓▓Гs^ss²√▓Гs²√▓▓:у▓,⌠sчr ▒dHl║и╬mE┐Э⌠ ║■ЭN≈0≈⌠ ·A▒╬·⌠·⌠▄ГsГs▓ГsГsГsГsГsц√ц√╓Q╨kЪ▒╨k%0@0:B5@8AB8:8 8 ?>:070B5;8 CA;>289 B@C40.564C=0@>4=K9 >?KB@82545==K5 =865 E0@0:B5@8AB8:8 8 ?>:070B5;8 CA;>289 B@C40 A>>B25BAB2CNB <564C=0@>4=K< AB0=40@B0< 8 8A?>;L7CNBAO 2A5<8 AB@0=0<8 <8@0. =8 O2;ONBAO :@8B5@8O<8 157>?0A=>AB8 B@C40 =0 ?@>872>4AB25 8 ?@8<5=ONBAO =0 #:@08=5 2> 2A5E >1;0ABOE M:>=><8:8, ?@8 :>=B@>;5 ?@54?@8OB89, 87CG0NBAO 2 2C70E. 4=0:> 1>;LH0O G0ABL B@C4OI53>AO =0A5;5=8O A ?>:070B5;O<8 8 =>@<0<8 CA;>289 B@C40, 87;>65==K<8 2 A?5F80;L=>9 ;8B5@0BC@5, =5 7=0:><0 8 =5 <>65B A>>B25BAB2CNI8< >1@07><, >A>7=0==>, @5038@>20BL =0 2>7=8:0NI85 2 ?@>F5AA5 A2>59 B@C4>2>9 687=545OB5;L=>AB8 A8BC0F88. >MB><0 ╚57>?0A=>ABL B@C40 =0 ?@>872>4AB25╩ 2>A?>;=O5B C:070==K9 ?@>15; ?CB5< ?C1;8:0F88 =0CG=>-?>?C;O@=>9 8=D>@<0F88 ?> >A=>2=K< ?>;>65=8O< >1>7=0G5==>9 B5 >B<5B8<, GB> "@C4 @0AA<0B@8205BAO :0: F5;5A>>1@07=0O 45OB5;L=>ABL G5;>25:0, =0?@02;5==0O =0 ?@8A?>A>1;5=85 A@54K >18B0=8O 4;O C4>2;5B2>@5=8O A2>8E ?>B@51=>AB59; =0 ?@52@0I5=85 <0B5@80;L=KE 8 8=B5;;5:BC0;L=KE @5AC@A>2 2 =C6=K9 4;O ;8G=>3> 8;8 >1I5AB25==>3> ?>B@51;5=8O ?@>4C:B, =0 ?@>872>4AB2> B>20@>2 8 CA;C3. ". O2;O5BAO >A=>2>9 687=545OB5;L=>AB8 8 @0728B8O G5;>25:0. @>4C:B ". <>65B 1KBL 2K@065= 2 AB>8<>AB=>9, 45=56=>9 D>@<5 :0: ?>;CG5==K9 2 @57C;LB0B5 53> @50;870F88 4>E>4 8;8 70@01>B>:. ?@>F5AA5 ". G5;>25: 2708<>459AB2C5B A ?@54<5B0<8 B@C40 8 A@54AB20<8 B@C40, 0 B0:65 A >:@C60NI59 A@54>9. 708<>459AB285 G5;>25:0 A ?@54<5B0<8 8 A@54AB20<8 B@C40 ?@54>?@545;O5BAO @0728B85< B5E=>;>389, C@>2=5< 02B><0B870F88 ?@>872>4AB20. 5>1E>48<> >15A?5G820BL 157>?0A=>ABL B@C40, 2K?>;=OBL A0=8B0@=>-38385=8G5A:85, M@3>=><8G5A:85 8 MAB5B8G5A:85 B@51>20=8O : CA;>28O< B@C40. @>1;5<0 2708<>>B=>H5=89 G5;>25:0 8 ?@8@>4K AB0;0 ?@54<5B>< =>2>3> =0CG=>3> =0?@02;5=8O A>F80;L=>9 M:>;>388.;0AA8D8:0F8O ". !>F80;L=K9 E0@0:B5@ ". >1CA;>2;5= D>@<>9 A>1AB25==>AB8 =0 A@54AB20 ?@>872>4AB20. > MB>1AB25==8:0 8;8 0@5=40B>@0) 8 =05<=K9 B@C4 (>@30=870F8>==K5 D>@2 ". 8=48284C0;L=K9 ". 8 :>;;5:B82=K9 ".). !>F80;L=K9 E0@0:B5@ ". ?@>O2;O5BAO 2 D>@<8@>20=88 A?>A>1>2 <>B820F88 B@C40 (65;0=85, >A>7=0==0O =5>1E>48<>ABL, ?@8=C645=85).!B@C:BC@=K9 E0@0:B5@ ". >?@545;O5BAO A>45@60=85< ".; 3;02=K5 ?0@0<5B@K AB5?5=L 8=B5;;5:BC0;870F88 8 :20;8D8:0F8>==0O A;>6=>ABL B@C4>2KE DC=:F89. !B5?5=L 8=B5;;5:BC0;870F88 B@C4>2>9 DC=:F88 @07;8G05BAO 2 7028A8<>AB8 >B 4>;8 A>45@60I8EAO 2 =59 M;5<5=B>2 C3> 8 D878G5A:>3> "., 0 B0:65 >B 4>;8 B2>@G5A:>3> 8 @5?@>4C:B82=>3> (=5B2>@G5A:>3>) ".$878G5A:89 ". >4=0 87 >A=>2=KE D>@< "., :>B>@0O E0@0:B5@87C5BAO ?@5>1;040=85< D878G5A:>9 =03@C7:8 =04 ?A8E8G5A:>9. >65B 1KBL ;>:0;L=K<, :>340 :>;8G5AB2> @01>B0NI8E 1I59 9 <0AAK; @538>=0;L=K<, :>340 2 @01>BC 2:;NG5=> >B 1/3 4> 2/3 2A59 1I8<, :>340 0:B82878@C5BAO 1>;55 2/3 >1I59 9 <0AAK B5;0. @>D5AA88 BO65;>3> 8 A@54=53> 3> ". 3@C7G8:8, :0<5=I8:8, 4>:5@K. =0G8B5;L=K5 <5NB <5AB> 8 2 @O45 4@. ?@>D5AA89, =0?@, 2 3>@=>@C4=>< 8 C3>;L=>< ?@>872>4AB25, ?@8 4>1KG5 =5DB8 8 3070, ?@8 >1A;C6820=88 8 @5<>=B5 @07;8G=KE B@0=A?>@B=KE A@54AB2. "0:85 @01>BK E0@0:B5@87CNBAO ?>2KH5==K<8 M=5@35B8G5A:8<8 B@0B0<8: 4000-6000 ::0; (8 1>;LH5) 70 A<5=C.$878G5A:89 ". @0728205B 25:0 8 1;03>?@8OB=> 2;8O5B =0 >1<5==K5 ?@>F5AAK. B@8F0B5;L=K5 <><5=BK: 2:;NG0NBAO 2 @01>BC ;8HL >?@545;5==K5 8 >4=8 8 B5 65 3@C??K ;LH>5 D878G5A:>5 =0?@O65=85; =5?@82;5:0B5;L=>ABL =5:>B>@KE 284>2 B0:>3> ".!B5?5=L :20;8D8:0F8>==>9 A;>6=>AB8 B@C4>2>9 DC=:F88 >?@545;O5BAO 55 3@0=8F0<8 8 AB@C:BC@>9, A>AB02>< 8 :>;8G5AB2>< A>AB02;ONI8E 55 M;5<5=B>2, 8E @07=>>1@0785<, =>287=>9, 0 B0:65 CA;>28O<8 2K?>;=5=8O. F5=:0 MB>3> ?@87=0:0 ?@8<5=8B5;L=> : B>B=8:C CAB0=02;8205BAO A>>B25BAB25==> 53> @07@O4C ?> ?@8=OB>9 B0@8D=>9 A8AB5<5. %0@0:B5@ 8 A>45@60=85 ". :0: :;0AA8D8:0F8>==K5 ?@87=0:8 >@30=8G5A:8 2708<>A2O70=K.> ?@>D5AA8>=0;L=><>65B 1KBL 2K45;5= ". =0CG=K9 (8;8 8AA;54>20B5;LA:89), 8=65=5@=K9, C?@02;5=G5A:89, ?@>872>4AB25==K9, ?5403>38G5A:89, 2@0G51=K9 8 4@. > DC=:F8>=0;L=>4@0745;ONBAO 2 7028A8<>AB8 >B 8E F5;52>3> =07=0G5=8O, AD5@K ?@8;>65=8O 8 DC=:F8>=0;L=>9 @>;8 2 M:>=><8G5A:>< F8:;5 E>7O9AB25==>9 45OB5;L=>AB8. > >B@0A;52>1K20NI89 8 >1@010BK20NI89), A5;LA:>E>7O9AB25==K9 (2 B. G. @0AB5=852>4G5A:89 8 682>B=>2>4G5A:89), AB@>8B5;L=K9, B@0=A?>@B=K9 8 :><<C=8:0F8>==K9 (2 ?@>872>4AB25==>9 AD5@5).;0AA8D8:0F8O 284>2 ". ?> ?@8<5=O5< 8 A?>A>10< ". ?>72>;O5B 2K45;8BL @CG=>9, <0H8==>-@CG=>9, <0H8==K9, <5E0=878@>20==K9 8 02B><0B878@>20==K9 (:> 20==K9) ". @CG=K< >B=>AOBAO ?@>F5AAK, :>B>@K5 2K?>;=ONBAO 2@CG=CN A ?><>ILN =5<5E0=878@>20==KE >@C489 "., =0?@8<5@, :@5?;5=85 3>@=KE 2K@01>B>:, @CG=0O A1>@:0 C7;>2 8 <0H8=, @CG=0O D>@<>2:0 8 B. 4. 40==>< B8?5 B@C4>2KE ?@>F5AA>2 2K45;ONB @CG=>9 B2>@G5A:89 "., :>B>@K9 >B;8G05BAO >B 1>;LH8=AB20 @CG=KE @01>B ?>2KH5==K< A>45@60=85< M;5<5=B>2 B2>@G5AB20, EC4>65AB25==>9 D0=B0788, 8=48284C0;L=K< (02B>@A:8<) E0@0:B5@>< 8A?>;=5=8O 8 4@. :0G5AB20<8, =0?@, ?@>872>4AB2> 8745;89 2 B@048F8OE =0@>4=KE EC4>65AB25==KE ?@>2, N25;8@=>-D8;83@0==>5 ?@>872>4AB2>, ?@>872>4AB2> 8745;89 87 O=B0@O 8 4@. <0H8==>-@CG=K< >B=>AOBAO ?@>F5AAK, 2K?>;=O5<0H8=0<8 8;8 <5E0=87<0<8 ?@8 =5?>A@54AB25==>< CG0AB88 @01>G53> (>4=>2@5<5==> 8A?>;L7CNBAO CA8;8O @01>G53> 8 M=5@38O <0H8=K), =0?@8<5@, >1@01>B:0 45B0;59 =0 45@52>>1@010BK20NI8E 8;8 <5B0;;>@56CI8E AB0=:0E A @CG=>9 ?>40G59, AB0G820=85 H2>2 2 H259=>< ?@>872>4AB25. <0H8==>-@CG=K< >B=>AOBAO B0:65 ?@>F5AAK, 2K?>;=O5G8<8 A ?><>ILN @CG=KE <5E0=878@>20==KE >@C489 "., =0?@8<5@, A25@;8;L=KE M;5:B@><0H8=, >B1>9=KE <>;>B:>2, M;5:B@>309:>25@B>2, ?=52<0B8G5A:8E B@0<1>2>: 8 B. 4. <0H8==K< >B=>AOBAO ?@>F5AAK, ?@8 :>B>@KE >A=>2=0O @01>B0 2K?>;=O5BAO <0H8=0<8, 0 M;5<5=BK 2A?><>30B5;L=>9 @01>BK 2@CG=CN 8;8 ?@8 ?><>I8 <5E0=87<>2, =0?@8<5@, >1@01>B:0 45B0;59 =0 AB0=:0E A <5E0=878@>20==>9 ?>40G59 8 4@.502B><0B878@>20==K< >B=>AOBAO ?@>F5AAK, 2 :>B>@KE >A=>2=0O @01>B0 <5E0=878@>20=0 ?>;=>ABLN, 0 2A?><>30B5;L=0O G0AB8G=> (?>;C02B><0BK). @8 MB>< C?@02;5=85 @01>B>9 <5E0=87<>2 ?@>8AE>48B 02B><0B8G5A:8. MB8E A;CG0OE DC=:F88 @01>G8E A2>4OBAO : =0;04:5 <0H8=, =01;N45=8N 70 8E @01>B>9 8 CAB@0=5=8N 45D5:B>2, 0 =0 ?>;C02B><0B0E, :@><5 B>3>, : ?5@8>48G5A:>9 ?>40G5 AK@LO (703>B>2>:) 8 A=OB8N 3>B>2KE 8745;89. 0?@., B>:0@=0O >1@01>B:0 45B0;59 =0 AB0=:0E A ?@>3@0<<=K< C?@02;5=85<, 873>B>2;5=85 ?@>4C:F88 =0 02B><0B8G5A:8E ;8=8OE 8 4@. 0??0@0BC@=K< >B=>AOBAO ?@>F5AAK, >ACI5AB2;O5< >1>@C4>20=88 (0??0@0B0E) ?CB5< 2>7459AB28O =0 ?@54<5B ". B5?;>2>9, M;5:B@8G5A:>9 8;8 E8<8G5A:>9 M=5@3859. @8 MB>< @01>G85 @53C;8@CNB E>4 ?@>B5:0NI8E 2 =8E ?@>F5AA>2. 0??0@0BC@=K< ?@>F5AA0<, =0?@., >B=>AOBAO: ?;02:0 GC3C=0 2 203@0=:0E, 4><5==KE ?5G0E, >B683 8 F5<5=B0F8O 45B0;59, 1>;LH8=AB2> ?@>F5AA>2 2 E8<8G5A:>9 8 =5DB5?5@5@010BK20NI59 ?@>AB8 8 4@.@8 845=B8D8:0F88 284>2 ". ?> MB8< ?@87=0:0< CAB0=02;820NBAO A>>B25BAB2CNI85 :>;8G5AB25==K5 :@8B5@88 8AE>4O 87 A>>B=>H5=8O <564C 70=OB>ABLN @01>G53> <5AB0 8 @01>B=8:0. B;8G8B5;L=>9 G5@B>9 <5E0=878@>20==>3> ". O2;O5BAO C<5=LH5=85 (?@8 2K?>;=5=88 @01>BK) CG0AB8O :@C?=KE <>AB8 1>;55 <5;:8E < 2>7@0AB0=88 A:>@>AB8 8 B>G=>AB8 42865=89. CA;>28OE <5E0=878@>20==>3> ?@>872>4AB20 ?@5>1;040NB ;>:0;L=K5 8 @538>=0;L=K5 @01>BK, :>B>@K5 <>3CB =>A8BL :0: 48=0<8G5A:89, B0: 8 AB0B8G5A:89 E0@0:B5@. @>D5AA88 <5E0=878@>20==>3> ". B@51CNB =0:>?;5=8O A?5F80;L=KE 7=0=89 8 42830B5;L=KE =02K:>2, =5>1E>48<8 8=AB@C<5=B0<8, <5E0=87<0<8, AB0=:0<8 8 B. 4. @8<5@>< B0:>3> 2840 ". <>3CB A;C68BL @07;8G=K5 284K AB0=>G=KE @01>B, @8EB>2>G=K5 @01>BK 8 4@.> AB5?5=8 1;03>?@8OB=>AB8 CA;>289 @07;8G0NB B0:85 284K "., :0: AB0F8>=0@=K9 8 ?5@54286=>9; =075<=K9 8 ?>475<=K9; ;53:89, A@54=59 BO65AB8 8 BO65;K9; ?@82;5:0B5;L=K9 8 =5?@82;5:0B5;L=K9; =5@53;0<5=B8@>20==K9 (A2>1>4=K9), @53;0<5=B8@>20==K9 8 65AB:> @53;0<5=B8@>20==K9 (?@8=C48B5;L=K9 B@C4).;O >1I59 E0@0:B5@8AB8:8 :>=:@5B=>3> ". 8A?>;L7CNBAO 2A5 @0AA<>B@5==K5 3@C??K ?@87=0:>2 2 8E A>G5B0=88.4>@>2L5 -B> =>@<0;L=>5 A>AB>O=85 >@30=87<0, ?@8 :>B>@>< ?@028;L=> 459AB2CNB 2A5 53> >@30=K. =0AB>OI55 2@5@>2L5 3@0640= #:@08=K >AB02;O5B 65;0BL ;CGH53>, >=> =5 B>;L:> =5 C;CGH05BAO, => ?> <=>38< ?>:070B5;O< 4065 CEC4H05BAO. 1I5AB25==>5 3. D878G5A:>5, ?A8E8G5A:>5, A>F80;L=>5 1;03>?>;CG85 ;N459, >ACI5AB2;ONI8E A2>N 687=545OB5;L=>ABL 2 @0<:0E >?@545;5==KE A>F80;L=KE >1I=>AB59, B. 5. >1J548=5==KE <5AB>< ?@>6820=8O, A>F80;L=>9 8=D@0AB@C:BC@>9, :C;LBC@=K<8 8 MB=8G5A:8<8 B@048F8O<8; A>2>:C?=>ABL 8=48284C0;L=KE C@>2=59 3., :>B>@0O E0@0:B5@87C5B 687=5A?>A>1=>ABL >1I5AB20 8 ?@>3=>7 53> 40;L=59H53> A>F80;L=>-M:>=><8G5A:>3> @0728B8O. 0AA<0B@8205BAO :0: @5AC@A =0F8>=0;L=>9 157>?0A=>AB8. A>>B25BAB288 A #AB02>< , ?@8=OBK< 2 1949 3., 3. 8=482840 MB> A>AB>O=85 ?>;=>3> D878G5A:>3>, ?A8E8G5A:>3> 8 A>F80;L=>3> 1;03>?>;CG8O, 0 =5 B>;L:> >BACBAB285 1>;57=59 8;8 D878G5A:8E 45D5:B>2. 07@01>B0==0O 8 ?@8=OB0O :>=F5?F8O C:@5?;5=8O >1I5AB25==>3> 3. ╚4>@>2L5 4;O 2A5E╩ (Health for all) =0?@02;5=85 ?>;8B8:8 ?> 4>AB865=8N =0 ?;0=5B5 B0:>3> C@>2=O 3., :>B>@K9 ?>72>;8; 1K ;N4O< 25AB8 0:B82=CN ?@>872>4AB25==CN, A>F80;L=CN 8 ;8G=CN 687=L.#:@5?;5=85 >1I5AB25==>3> 3. >A=>20=> =0 >B25BAB25==>AB8 ?@028B5;LAB2 8 2A53> >1I5AB20 70 A>AB>O=85 3. =0A5;5=8O A2>8E AB@0=. >AB8305BAO >?@545;5==K< C@>2=5< @0728B8O 3>AC40@AB20 8 53> >B25BAB25==>AB8 ?5@54 3@0640=0<8 70 D>@<8@>20=85 CA;>289 4;O >?B8<0;L=>3> 687=5>15A?5G5=8O, B@C4>2>9 45OB5;L=>AB8, ?@8=OB85< A>>B25BAB2CNI8E >74>@>28B5;L=KE 8 A>F80;L=KE <5@, A>740=85< A8AB5<548F8=A:>3> 8 ?A8E>;>38G5A:>3> ?@>A25I5=8O, >15A?5G5=85< AB0BCA0 8 C@>2=O @0728B8O A8AB5< >E@0=K 3.1I5AB25==>5 3. =0A5;5=8O >B@0605B A>F80;L=>-M:>=><8G5A:CN A8BC0F8N 2 AB@0=5. 1I0O A<5@B=>ABL =0A5;5=8O, =0?@8<5@, $ 2 2001 3. A>AB028;0 15,6 %. 653>4=> C<8@05B >:>;> 2 <;= G5;>25:, 2 B. G. >:>;> 600 BKA. B@C4>A?>A>1=>3> 2>7@0AB0. "5=45=F8O : @>ABC A<5@B=>AB8 745AL >B<5G05BAO =0 ?@>BO65=88 <=>38E ;5B 8 D8:A8@C5BAO ?@0:B8G5A:8 ?> 2A5< >A=>2=K< :;0AA0< ?@8G8=: 1>;57=8 A8AB52>>1@0I5=8O, 1>;57=8 >@30=>2 ?8I520@5=8O, =5AG0AB=K5 A;CG08 8 4@. B@02;5=8O 8 B@02<0NB 2-5 <5AB> 2 AB@C:BC@5 A<5@B=>AB8. M:>=><8G5A:8 @0728BKE AB@0=0E =0 1-< <5AB5 A@548 ?@8G8= A<5@B8 A5@45G=>-A>AC48ABK5 701>;520=8O, =0 2-< >=:>;>38G5A:85 701>;520=8O, =0 3-< - B@02B@02;5=8O.3. @01>B=8:>2. 4=8< 87 =081>;55 206=KE 8=48:0B>@>2 3. >1I5AB20 O2;O5BAO A>AB>O=85 3. @01>B=8:>2. !<5@B=>ABL B@C4>A?>A>1=>3> =0A5;5=8O 2> @O45 AB@0= ! ?@52KH05B 0=0;>38G=K9 ?>:070B5;L ?> 2@>A>N7C 2 3-4,5 @070. @8 MB>< A<5@B=>ABL A?>A>1=>3> 2>7@0AB0 2 >B45;L=KE AB@0=0E ?@52KH05B A<5@B=>ABL 65=I8= MB>3> 65 2>7@0AB0 2 5-7 @07, 2 @57C;LB0B5 G53> A;>68;AO 15A?@5F545=B=K9, 1>;55 G5< =0 10 ;5B, @07@K2 2 A@54=59 ?@>4>;68B5;L=>AB8 687=8 B=>A8B5;L=>9 AB018;L=>AB8 4>;8 ;N459 B@C4>A?>A>1=>3> 2>7@0AB0 (58,5 %) 2 >1I59 AB@C:BC@5 =0A5;5=8O C25;8G8205BAO G8A;5==>ABL ;8F 2 2>7@0AB5 40 ;5B 8 AB0@H5. !;>682H0OAO A8BC0F8O 2 4>AB0B>G=> :>@>B:89 A@>: <>65B ?@825AB8 : @50;L=>2KE @5AC@A>2.51;03>?@8OB=K5 CA;>28O B@C40 ?>GB8 2> 2A5E >B@0A;OE ?@>AB8 8 A5;LA:>3> E>7O9AB20 #:@08=K 8 >AA88 3;02=0O ?@8G8=0 CEC4H5=8O 3. @01>B0NI8E 3@0640=. '8A;> @01>B=8:>2, 70=OBKE 2> 2@54=KE CA;>28OE, A>AB02;O5B >:>;> 20 % : >1I5B0NI8E 2 ?@>AB8, 2 AB@>8B5;LAB25 8 =0 B@0=A?>@B5 ?@8<5@=> ?> 10,0 %, >:>;> 3 % 2 A2O78. B 30 4> 80 % 65=I8= 2 @07;8G=KE >B@0A;OE ?@>AB8 @01>B0NB 2> 2@54=KE 8 >?0A=KE CA;>28OE B@C40. 0@CH0NBAO =>@4J5<5 8 ?5@5<5I5=88 BO65AB59, >A>15==> 2 AB@>8B5;LAB25 (<0;O@K, HBC:0BC@K) 8 2 A5;LA:>< E>7O9AB25, 345 :@09=5 2KA>:0 4>;O @CG=KE >?5@0F89.081>;55 2KA>:89 C@>25=L ?@>D5AA8>=0;L=>9 701>;5205<>AB8 ?>-?@56=5;L=>9 8 B5:AB8;L=>9 ?@>AB8, 2 <5B0;;C@388, <0H8=>AB@>5=88 8 4@. >B@0A;OE. 54CI8<8 2 AB@C:BC@5 ?@>D5AA8>=0;L=>9 701>;5205<>AB8 O2;ONBAO 701>;520=8O >@30=>2 4KE0=8O (A2KH5 30 %), 281@0F8>==0O 1>;57=L (>:>;> 18 %), =59@>A5=A>@=0O BC3>CE>ABL (?@8<5@=> 17 %), 701>;520=8O >?>@=>-42830B5;L=>3> 0??0@0B0 (>:>;> 20 %). 01;N405BAO ?>2KH5=85 ?@>D5AA8>=0;L=KE 701>;520=89 C 65=I8= (25 % >B 2A5E 2KO2;5==KE A;CG052). >B45;L=KE >B@0A;OE M:>=><8:8 MB>B ?>:070B5;L 4>AB8305B: 80 % 2 ;53:>9, 20 % 2 B5:AB8;L=>9, 40 % 2 M;5:B@>B5E=8G5A:>9 ?@>AB8, 1>;55 30 % 2 AB@>8B5;LAB25 8 A5;LA:>< E>7O9AB25. KA>:0 4>;O >1I8E 8 ?@>D5AA8>=0;L=KE 701>;520=89 C 65=I8= 45B>@>4=>3> 2>7@0AB0. > 40==K< >1O70B5;L=KE ?5@8>48G5A:8E <54>A<>B@>2 >B 28 % 4> 50 % 65=I8= AB@040NB @07;8G=K<8 701>;520=8O<8 (2 >A=>2=>< 38?5@B>=8O, 701>;520=8O 65;C4>G=>-:8H5G=>3> B@0:B0 8 :>AB=>-9 A8AB53> 2>7@0AB0, @01>B0NI8E 2 =51;03>?@8OB=KE #", 25;8: @8A: @>645=8O 45B59 A ?>@>:0<8 @0728B8O, 7;>:0G5AB25==K<8 =>2>>1@07>20=8O<8.!@548 8=D5:F8>==KE 8 ?0@078B0@=KE 701>;520=89 2 AB@C:BC@5 ?@>D701>;520=89 ?@5>1;0405B 1@CF5;;57 (>:>;> 40 %), BC15@:C;57 >@30=>2 4KE0=8O (4> 38 %), AK2>@>B>G=K9 35?0B8B (?@8<5@=> 11 %). '0ABK<8 O2;ONBAO 701>;520=8O B>:A8:>-0;;5@38G5A:>9 ?@8@>4K: 1>;57=8 :>68, 1@>=E80;L=0O 0AB<0, 0;;5@38G5A:85 ?>@065=8O 25@E=8E 4KE0B5;L=KE ?CB59. B 20 4> 40 % B@C4>?>B5@L >B 2@5<5==>9 =5B@C4>A?>A>1=>AB8 A2O70=K A =5C4>2;5B2>@8B5;L=K<8 #". 01;N405BAO =5 B>;L:> @>AB C@>2=O ?5@28G=>3> 2KE>40 =0 8=20;84=>ABL, => 8 A=865=85 2>7@0AB0 ;8F, 2?5@2K5 ?@87=0==KE 8=20;840<8. ?>A;54=85 3>4K :064K9 ?OBK9 A@548 2?5@2K5 ?@87=0==KE 8=20;840<8 CB@0B8; B@C4>A?>A>1=>ABL 2 2>7@0AB5 <>;>65 45 ;5B (65=I8=K) 8 50 ;5B (@>2LO @01>B=8:>2 ?@54CA<0B@8205B: :>;5:A=K9 ?> 4E>4 : @5H5=8N ?@>1;5E@0=5=8O 8 C:@5?;5=8O D878G5A:>3> 8 ?A8E8G5A:>3> 3., ?>445@60=8O 4>;3>9 0:B82=>9 687=8; @50;870F8N A>2>:C?=>AB8 <5@ ?>;8B8G5A:>3>, M:>=><8G5A:>3>, ?@02>2>3>, A>F80;L=>3> 8 <548F8=A:>3> E0@0:B5@0. >B=>H5=88 B@C40 3. >7=0G05B =5 B>;L:> >BACBAB285 1>;57=59 8;8 =54C30; B5@<8= 2:;NG05B B0:65 2;8ONI85 =0 3. D878G5A:85 8 ?A8E8G5A:85 M;5<5=BK, :>B>@K5 8<5NB =5?>A@54AB25==>5 >B=>H5=85 : 157>?0A=>AB8 8 38385=5 B@C40 (AB. 3. >=25=F88 155 "). 5?@>4C:B82=>5 74>@>2L5 -B> A>AB>O=85 ?>;=>3> D878G5A:>3>, C3> 8 A>F80;L=>3> 1;03>?>;CG8O 2 ?@>872>4AB25 ?>B>A5:AC0;L=KE >B=>H5=8OE 2 A5< :@8B5@8O< =0@CH5=89 . 7. @01>B0NI8E 8 8E ?>B>28O<8 B@C40 A;54C5B >B=>A8BL:( ?>2@5645=8O, ?>2;5:H85 70 A>1>9 ?>B5@N A?>A>1=>AB8 : >?;>4>B2>@5=8N (15A?;>485, =0@CH5=85 <5=AB@C0;L=>9 DC=:F88);( ?>2@5645=8O, 2K7K20NI85 A?>=B0==K9 01>@B 8;8 @>4K <5@B2K< ?;>4><, 2=5<0B>G=CN 15@5<5==>ABL, ?C7K@=K9 70=>A 8 4@.;( 2@>645==K5 ?>@>:8 @0728B8O ?;>40;( ?>2@5645=85 ?;>40 8 =>2>@>645==>3>, >1CA;>2;5==K5 A>AB>O=8O<8 <0B5@8, :>B>@K5 <>3CB 1KBL =5 A2O70=K A =0AB>OI59 15@5<5==>ABLN, 2 B. G. A>AB>O=8O, >1CA;>2;5==K5 ?@>872>4AB25==>9 B@02<>9, >B@02;5=85< 8 E@>=8G5A:8< ?@>D5AA8>=0;L=K< 701>;520=85<;( =0@CH5=85 ;0:B0F88 C :>@7=8:=>25=85 =0@CH5=8O 74>@>2LO C ?>B>3> 8 ?A8E8G5A:>3> @0728B8O, 7;>:0G5AB25==K5 8 4>1@>:0G5AB25==K5 =>2>>1@07>20=8O C ?5@2>3> 8 ?>A;54CNI53> ?>:>;5=89). G8A;C ?@>D5AA8>=0;L=KE >B=>AOBAO A;54CNI85 =0@CH5=8O . 7. 65=I8=: >?CI5=85 8 2K?045=85 65=A:8E ?>;>2KE >@30=>2 ?@8 BO65;>9 D878G5A:>9 @01>B5, 2K?>;=O5<>9 ?@58 AB>O; 7;>:0G5AB25==K5 =>2>>1@07>20=8O 65=A:8E ?>;>2KE >@30=>2 8 <>;>G=>9 65;57K ?@8 2>7459AB288 =0 >@30=87< 8>=878@CNI8E 87;CG5=89 8 4@. :0=F5@>35==KE D0:B>@>2. G8A;C ?@>D5AA8>=0;L=> >1CA;>2;5==KE >B=>AOBAO A;54CNI85 =0@CH5=8O . 7. 6 5 = I 8 =:( =5A?5F8D8G5A:85 2>A?0;8B5;L=K5 1>;57=8 B07>2KE >@30=>2 ?@8 @01>B5 =0 E>;>45;( 48A?;078O 8 ;59:>?;0:8O H59:8 <0B:8, 7;>:0G5AB25==K5 =>2>>1@07>20=8O =0 65=A:8E ?>;>2KE >@30=0E ?@8 2>7459AB288 2@54=KE ?@>872>4AB25==KE D0:B>@>2, >1;040NI8E < 8 :0=F5@>35==K< 459AB285<, 0 B0:65 3>@<>=>2 8 3>@<>=>?>4>1=KE 25I5AB2;( =0@CH5=85 <5=AB@C0;L=>9 DC=:F88;( 2K:84KH 8 15A?;>485 C 65=I8=, ?>425@30NI8EAO 2>7459AB28N >1I59 281@0F88 8 G@57<5@=K< A5=A>@=>-M<>F8>=0;L=K< =03@C7:0< 2 ?@>F5AA5 B@C40 (=0?@O65==K9 E0@0:B5@ B@C40, @01>B0 2 =>G=CN A<5=C).A=>2=K< ?@>O2;5=85< DC=:F8>=0;L=>9 F5;>AB=>AB8 @5?@>4C:B82=>9 A8AB5<59=>9 ?0@K O2;O5BAO =0ABC?;5=85 15@5<5==>AB8 2 65;05:, 55 =>@<0;L=>5 D878G5A:>5 B5G5=85 8 @>645=85 74>@>2>3> @515=:0. >MB>4C:B82=0O B>:A8G=>ABL 4>;6=0 @0AA<0B@820BLAO :0: ?0@=>A?5F8D8G5A:89 MDD5:B, B. 5. :0: =0@CH5=85 D878>;>38G5A:>3> DC=:F8>=8@>20=8O @5?@>4C:B82=>9 A8AB51>8E ?0@B=5@>2. G8A;C A?5F8D8G5A:8E ?>:070B5;59 2@54=>3> 2>7459AB28O ?@>872>4AB25==KE D0:B>@>2 =0 A>AB>O=85 . 7. B=>AOBAO: A=865=85 :0G5AB20 A?5@=F5=B@0F8O A?5@<0B>7>84>2 2 MO:C;OB5 <5=55 2 <;=/<;, C<5=LH5=85 ?>4286=>AB8 8 4@. ?>:070B5;59 8E DC=:F8>=0;L=>9 0:B82=>AB8); =0@CH5=85 ?>?C;OF8>==>3> ?@>D8;O AK2>@>B>G=KE :>=F5=B@0F89 D>;;8:C;>AB8 3>@<>=0 ($!), ;NB58=878@CNI53> 3>@<>=0 (), B5AB>AB5@>=0 8 ?@>;0:B8=0.#A;>28O B@C40 -B> A>2>:C?=>ABL D0:B>@>2 ?@>872>4AB25==>9 A@54K 8 B@C4>2>3> ?@>F5AA0, >:07K20NI8E 2;8O=85 =0 @01>B>A?>A>1=>ABL 8 74>@>2L5 @01>B=8:0.0 #:@08=5 CA;>28O B@C40 :;0AA8D8F8@CNBAO 2 A>>B25BAB288 A ╚8385=8G5A:>9 :;0AA8D8:0F859 B@C40╩, CB25@645==>9 ?@8:07>< ! 528 >B 27.12.2001 3., 2 >AA88 A>3;0A=> 38385=8G5A:8< :@8B5@8O<, CAB0=>2;5==K< 2 C:>2>4AB25 2.2.2006-05 ╚8385=8G5A:0O >F5=:0 D0:B>@>2 @01>G59 A@54K 8 B@C4>2>3> ?@>F5AA0. @8B5@88 8 :;0AA8D8:0F8O CA;>289 B@C40╩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╚?5@A>=0;╩ ?@82>4OBAO B>;L:> 4;O 3@C??K .@545;K M:2820;5=B=>9 4>7K (2 3>4), <2:@30=?5@A>=0;=0A5;5=85E@CAB0;8: 3;070 (=0 3;C18=5 300 <3/A<2) 15015:>6050050:8AB8 8 AB>?K50050>?CA:05BAO >4=>2@5<5==>5 >1;CG5=85 4> C:070==KE ?@545;>2 ?> 2A5< =>@<8@C5<. 2 :>65 >B=>A8BAO : A@54=5 ?;>I048 1 A<2 7=0G5=8N 2 1070;L=>< A;>5 :>68 B>;I8=>9 5 <3/A<2 ?>4 ?>:@>2=K< A;>5< B>;I8=>9 5 <3/A<2. 0 ;04>=OE B>;I8=0 ?>:@>2=>3> A;>O 40 <3/A<2. #:070==K< ?@545;>< 4>?CA:05BAO >1;CG5=85 2A59 :>68 G5;>25:0 ?@8 CA;>288, GB> ?@8 CA@54=5==>< >1;CG5=88 ;N1>3> 1 A<2 ?;>I048 :>68 MB>B ?@545; =5 1C45B ?@52KH5=. C:070==K< >A=>2=K< =5 >B=>AOBAO 4>7K >B ?@8@>4=>3> 8 <548F8=A:>3> >1;CG5=8O, 0 B0:65 4>7K 2A;54AB285 @0480F8>==KE 020@89. 0 MB8 284K >1;CG5=8O CAB0=02;820NBAO A?5F80;L=K5 >3@0=8G5=8O. -DD5:B82=0O 4>70 4;O ?5@A>=0;0 70 ?5@8>4 B@C4>2>9 45OB5;L=>AB8.8385=0 B@C40 -B> @0745; ?@>D8;0:B8G5A:>9 <548F8=K, 87CG0NI89 2;8O=85 =0 >@30=87< G5;>25:0 B@C4>2>3> ?@>F5AA0 8 D0:B>@>2 ?@>872>4AB25==>9 A@54K A F5;LN =0CG=>3> >1>A=>20=8O =>@<0B82>2 8 A@54AB2 ?@>D8;0:B8:8 ?@>D5AA8>=0;L=KE 701>;520=89 8 4@. =51;03>?@8OB=KE ?>A;54AB289 2>7459AB28O CA;>289 B@C40 =0 @01>B=8:>2.A=>2=0O 7040G0 . B. :0G5AB25==0O 8 :>;8G5AB25==0O >F5=:0 2>7459AB28O E0@0:B5@0 8 CA;>289 B@C40 =0 >@30=87<, =0 >A=>25 :>B>@>9 ?@>872>48BAO @07@01>B:0 8 2=54@5=85 <5@>?@8OB89, A?>A>1=KE >15A?5G8BL <0:A8<0;L=CN ?@>872>48B5;L=>ABL B@C40 ?@8 >BACBAB288 2@54=>3> 2;8O=8O D0:B>@>2 B@C4>2>3> ?@>F5AA0 =0 74>@>2L5 @01>B=8:>2; >F5=:0 MDD5:B82=>AB8 8A?>;L7C574>@>28B5;L=KE <5@>?@8OB89.. B. ACI5AB2C5B B0:65 :0: >1;0ABL ?@0:B8G5A:>9 45OB5;L=>AB8, @5H0O 2>?@>AK A0=8B0@=>3> =047>@0 =0 459AB2CNI8E, AB@>OI8EAO 8 ?@>5:B8@C5872>4AB25==KE >1J5:B0E ?@>3>, A5;LA:>E>7O9AB25==>3> 8 4@. =07=0G5=8O. @8 87CG5=88 >:@C60NI59 A@54K =0 ?@>872>4AB25 8A?>;L7CNBAO ?@58 D878G5A:85 8 E8<8G5A:85 <5B>4K 8AA;54>20=8O; 4;O >F5=:8 2;8O=8O E0@0:B5@0 B@C4>2>3> ?@>F5AA0 8 D0:B>@>2 ?@>872>4AB25==>9 A@54K =0 48=0<8:C D878>;>38G5A:8E @50:F89 >@30=87<0 @01>B=8:>2 D878>;>38G5A:85, 18>E8<8G5A:85, ?A8E>;>38G5A:85 8 4@. <5B>4K. ;O 87CG5=8O A>AB>O=8O 74>@>2LO, 701>;5205<>AB8 @01>B=8:>2 H8@>:> 8A?>;L7CNB :;8=8G5A:85 8 A0=8B0@=>-AB0B8AB8G5A:85 <5B>4K. ;O =>@<8@>20=8O D0:B>@>2 ?@>872>4AB25==>9 A@54K ?@>2>4OB M:A?5@8<5=B0;L=K5 8AA;54>20=8O A ?@82;5G5=85< M;5:B@>D878>;>38G5A:8E, 18>E8<8G5A:8E, ?0B><>@D>;>38G5A:8E, 35<0B>;>38G5A:8E, B>:A8:>;>38G5A:8E, M<1@8>;>38G5A:8E 8 4@. <5B>4>2. . B. =5@07@K2=> A2O70=0 A ?@>D?0B>;>3859, 0 B0:65 A B5>@5B8G5A:8<8 8 :;8=8G5A:8<8 48AF8?;8=0<8 (0=0;8B8G5A:>9 E8<859, D878:>9, D878>;>3859, =52@>;>3859, 45@<0B>;>3859, >B>@8=>;0@8=3>;>3859 8 4@.).. B. CA;>2=> ?>4@0745;O5BAO =0 >1ICN 8 G0AB=CN.1I0O . B. 87CG05B 70:>=><5@=>AB8 2>7459AB28O >B45;L=KE D0:B>@>2 ?@>872>4AB25==>9 A@54K 8 B@C4>2>3> ?@>F5AA0 8 8E :><18=0F89 =0 >@30=87<, @07@010BK205B <5@K 8 <5B>4K ?@>D8;0:B8:8 8E =51;03>?@8OB=>3> 2>7459AB28O. @C?=K<8 @0745;0<8 O2;ONBAO D878>;>38O B@C40 8 ?@>:A8:>;>38O.'0AB=0O . B. :>;5:A=> 87CG05B 2>7459AB285 #" =0 74>@>2L5 8 @01>B>A?>A>1=>ABL G5;>25:0 2 >B45;L=KE >B@0A;OE ?@>AB8 (3>@=>4>1K20NI0O, <5B0;;C@38O, <0H8=>AB@>5=85 8 4@.) 8 A5;LA:>E>7O9AB25==>3> ?@>872>4AB20 (?>;52>4AB2>, 682>B=>2>4AB2> 8 4@.).$878>;>38O B@C40 -B> A?5F80;L=K9 @0745; D878>;>388, ?>A2OI5==K9 87CG5=8N 87<5=5=89 DC=:F8>=0;L=>3> A>AB>O=8O >@30=87<0 G5;>25:0 ?>4 2;8O=85< 53> B@C4>2>9 45OB5;L=>AB8 8 D878>;>38G5A:>1>A=>20=8N A@54AB2 >@30=870F88 B@C4>2>3> ?@>F5AA0, A?>A>1AB2CNI8E 4;8B5;L=>445@60=8N @01>B>A?>A>1=>AB8 G5;>25:0 =0 2KA>:>< C@>2=5 8 A>E@0=5=8N 53> 74>@>2LO. /2;O5BAO 48AF8?;8=>9 >4=>2@5<5==> B5>@5B8G5A:>9 8 ?@8:;04=>9.$. B. ?@8720=0 @5H0BL A;54CNI85 7040G8:( 87CG5=85 >1I8E D878>;>38G5A:8E 70:>=><5@=>AB59, >15A?5G820NI8E B@C4>2CN 45OB5;L=>ABL G5;>25:0 2 @07;8G=KE CA;>28OE, A F5;LN @07@01>B:8 <5@>?@8OB89 ?> A>E@0=5=8N 74>@>2LO;( 8AA;54>20=85 87<5=5=89 DC=:F8>=0;L=>3> A>AB>O=8O @07;8G=KE A8AB5< >@30=87<0 G5;>25:0 ?@8 >?@545;5==KE 2840E B@C4>2>3> ?@>F5AA0, 40==K5 :>B>@KE =C6=K 4;O 2K@01>B:8 B@51>20=89 (@5:><5=40F89) : 459AB2CNI8< 8;8 ?@>5:B8@C5872>4AB25==K< ?@>F5AA0<, ?@>872>4AB25==>1>@C4>20=8N, ?@>872>4AB25==>9 A@545 8 @0F8>=0;L=>9 >@30=870F88 B@C40;( >?@545;5=85 D878>;>38G5A:8E 40==KE, =5>1E>48F5=:8 ?@>D5AA8>=0;L=>9 ?@83>4=>AB8 G5;>25:0 : B>9 8;8 8=>9 ?@>D5AA88 (284C B@C40, @01>B5 =0 B>< 8;8 8=>< @01>G5< <5AB5);( >F5=:0 :>=:@5B=KE ?@>872>4AB25==KE =03@C7>: 4;O >1>A=>20=8O =>@<8@>20=8O D0:B>@>2 B@C4>2>3> ?@>F5AA0, E0@0:B5@87CNI8E BO65ABL 8 =0?@O65==>ABL B@C40 ?@8 @07;8G=KE 2840E 45OB5;L=>AB8;( @07@01>B:0 <5@>?@8OB89, =0?@02;5==KE =0 >?B8<870F8N B@C4>2>3> ?@>F5AA0, A=865=85 C@>2=O CB><;5=8O @01>B0NI8E.1J5:B>< D878>;>38G5A:8E 8AA;54>20=89 ?@8 @5H5=88 2A5E 7040G O2;ONBAO @01>B0NI85 =0 ?@>872>4AB25 ;N48. @8 MB>< 87CG0NBAO :>=:@5B=K5 284K B@C4>2>9 45OB5;L=>AB8, 2K7K205<>5 8<8 =0?@O65=85 >@30=87<0 G5;>25:0 8 C@>2=8 53> @01>B>A?>A>1=>AB8. > 2@52>9 45OB5;L=>AB8 C G5;>25:0 0:B82878@CNBAO @07;8G=K5 D878>;>38G5A:85 A8AB5< B@C45 <0 8 A8AB53> >15A?5G5=8O 9 45OB5;L=>AB8 (:@>2>>1@0I5=85, 4KE0=85); ( A C25;8G5=85< 8=B5=A82=>AB8 D878G5A:>9 @01>BK 7=0G8B5;L=> 2>7@0AB05B C@>25=L >1<5==KE ?@>F5AA>2 8 :>;8G5AB2> ?>B@51;O5<>3> 2 <8=CBC :8A;>@>40, <8=CB=K9 >1J5< 8 G0AB>B0 4KE0=8O, G8A;> A5@45G=KE A>:@0I5=89 8 4@.; ( ?@8 C< B@C45 @07;8G=K5 >B45;K &! (?@5645 2A53> :>@0 3>;>2=>3> <>730), 2 :>B>@KE 2>7@0AB05B :@>2>B>: 8 ?>B@51;5=85 :8A;>@>40; ( A C25;8G5=85< AB5?5=8 C3> 8;8 =5@2=>-M<>F8>=0;L=>3> =0?@O65=8O ACI5AB25==> 0:B82878@C5BAO 45OB5;L=>ABL A80B> -04@5=0;>2>9 A8AB52KH5=85 , 2>7@0AB05B 8=B5=A82=>ABL >1<5==KE ?@>F5AA>2; ?@8 2K?>;=5=88 @01>B A> 7=0G8B5;L=K< 7@8B5;L=K< =0?@O65=85< 0:B82878@CNBAO 15A?5G820NI85 0::><>40F8N 8 :>=25@35=F8N 3;07, 0 B0:65 A25B>GC2AB28B5;L=0O A8AB5<0 3;07 8 A>>B25BAB2CNI85 >1@07>20=8O &!."@C4>2CN 45OB5;L=>ABL G5;>25:0 >F5=820NB 8AE>4O 87 :>;5:A=KE :@8B5@852, 8A?> ;L7CNB ?>:070B5;8 BO65AB8 8 =0?@O65==>AB8 B@C4>2>3> ?@>F5AA0 (=0?@., <0AAC ?@8<5=O5<5=B>2 8 >1@010BK205;8G5AB2> AB5@5>B8?=KE @01>G8E 42865=89, G8A;> 3;C1>:8E =0:;>=>2 :>@?CA0, ?@>4>;68B5;L=>ABL ?>2B>@ONI8EAO >?5@0F89, ?;>B=>ABL @01>G53> 2@5<5=8 8 B. 4.). ;O >F5=:8 =0?@O65=8O >@30=87<0 A;C60B D878>;>38G5A:85 :@8B5@88 C@>2=8 ?@>B5:0=8O @07;8G=KE D878>;>38G5A:8E ?@>F5AA>2 ?5@54 =0G0;><, =0 ?@>BO65=88 8 ?>A;5 >:>=G0=8O @01>BK. 7CG0NB ?@>F5AAK, E0@0:B5@87CNI85 @50:F88 >@30=87<0 ?@8 2K?>;=5=88 :>=:@5B=>9 @01>BK. F5=:0 ?@>872>48BAO ?> A@02=5=8N A C@>2=5< ?>:>O 8;8 A ?@545;>< 87<5=5=89, 4>ABC?=KE 4;O 40==>3> ;8F0 ?@8 C25;8G5=88 =03@C7>:. @8B5@85< >F5=:8 @01>B>A?>A>1=>AB8 O2;O5BAO :>;8G5AB2> (8=B5=A82=>ABL 8 4;8B5;L=>ABL) 2K?>;=O5<>9 @01>BK, 4>ABC?=>5 4;O 40==>3> ;8F0. @>D5AA8>=0;L=CN @01>B>A?>A>1=>ABL >F5=820NB >1KG=> ?> :>;8G5AB2C 8 :0G5AB2C ?@>872545==>9 @01>BK. #G8BK20NB AB5?5=L A=865=8O @01>B>A?>A>1=>AB8 ?> >:>=G0=88 @01>BK 8 4;8B5;L=>ABL >B4KE0, =5>1E>48<>3> 4;O 2>AAB0=>2;5=8O @01>B>A?>A>1=>AB8.#B><;5=85 <>65B =0:0?;820BLAO. -B> A>AB>O=85 >?@545;O5BAO :0: ?5@5CB><;5=85 (?5@5=0?@O65=85, ?>3@0=8G=>5 <564C =>@<>9 8 ?0B>;>3859). A=>2=K< ?@87=0:>< ?5@5CB><;5=8O A;54C5B AG8B0BL >G5=L 1KAB@>5 ?>O2;5=85 2 ?5@2K5 1 2 G @01>BK A8 <>2 A=865=8O DC=:F8>=0;L=KE 2>7<>6=>AB59 >A=>2=KE D878>;>38G5A:8E A8AB5<, >15A?5G820NI8E 2K?>;=O5BC. !@548 <5@>?@8OB89 ?> ?@>D8;0:B8:5 ?5@5CB><;5=8O @01>B=8:>2 ?@8 @07;8G=KE 2840E B@C4>2>9 45OB5;L=>AB8 1>;LH>5 7=0G5=85 8<5NB:( ?@028;L=K9 @568< B@C40 8 >B4KE0, B. 5. @0F8>=0;L=>5 G5@54>20=85 @01>BK 8 >B4KE0, ?@54CA<0B@820NI55 8E >?B8<0;L=CN 4;8B5;L=>ABL, A>45@60=85 8 ?>@O4>: A;54>20=8O;( M@3>=><8G5A:85 <5@>?@8OB8O ?> @0F8>=0;870F88 B@C4>2>3> ?@>F5AA0 8 >@30=870F88 @01>G53> <5AB0;( A>1;N45=85 B@51>20=89 B5E=8G5A:>9 MAB5B8:8 : >D>@<;5=8N ?@>872>4AB25==KE ?><5I5=89 8 4@.@>872>4AB25==0O M@3>=><8:0 >1;0ABL =0CG=KE 7=0=89, >1J548=ONI0O A2545=8O 87 0=0B><88, D878>;>388, 38385=K 8 ?A8E>;>388 B@C40, =5>1E>48?B8<870F88 ?>;>65=8O G5;>25:0 2 A8AB5<5 ╚G5;>25: <0H8=0 ?@>872>4AB25==0O A@540╩. A=>2=>9 F5;LN ?@>872>4AB25==>9 M@3>=><8:8 O2;O5BAO >1>A=>20=85 8 @07@01>B:0 :>;5:A0 > 74>@>28B5;L=KE <5@>?@8OB89, =0?@02;5==KE:( =0 4>AB865=85 2KA>:>9 AB5?5=8 157>?0A=>AB8 8 :>@B0 70 AG5B CAB@0=5=8O :>=AB@C:B82=KE =54>G5B>2 ?@>872>4AB25==>3> >1>@C4>20=8O;( >15A?5G5=85 >?B8<0;L=>3> C@>2=O DC=:F8>=0;L=>3> A>AB>O=8O 8 A>E@0=5=8O @01>B>A?>A>1=>AB8 G5;>25:0 2 B5G5=85 @01>G59 A<5=K ?CB5< A>740=8O =0CG=> >1>A=>20==KE @568<>2 B@C40 8 >B4KE0 2 @01>G55 8 =5@01>G55 2@52=O B@C4>2>9 =03@C7:8 70 AG5B 1>;55 @0F8>=0;L=>9 >@30=870F88 B@C4>2>3> ?@>F5AA0, @01>G8E ?>7, @01>G8E <5AB.-DD5:B82=>ABL B@C4>2>9 45OB5;L=>AB8 G5;>25:0 8 53> DC=:F8>=0;L=>5 A>AB>O=85 2> <=>3>< 7028AOB >B :>=AB@C:B82=KE >A>15==>AB59 >1A;C68205<>9 B5E=8:8, B5E=>;>38G5A:8E ?@>F5AA>2 8 >@30=870F88 ?@>872>4AB20, B. 5. >B B>3>, =0A:>;L:> ?>;=> 2 :>=AB@C:F8OE ?@>872>4AB25==>3> >1>@C4>20=8O 8 >@30=870F88 @01>G8E <5AB CGB5=K M@3>=><8G5A:85 B@51>20=8O.A=>2=K5 M@3>=><8G5A:85 B@51>20=8O A2>4OBAO : A;54CNI5=AB@C:F88 <0H8= 8 ?@>872>4AB25==>3> >1>@C4>20=8O 4>;6=K A>>B25BAB2>20BL 38385=8G5A:8< B@51>20=8O< 2 >B=>H5=88 ?>445@60=8O =0 @01>G5< <5AB5 A0=8B0@=>-38385=8G5A:8E CA;>289 B@C40 8 0=0B><8G5A:8<, D878>;>38G5A:8<, ?A8E>;>38G5A:8< >A>15==>ABO< G5;>25:0; >=8 4>;6=K >B25G0BL B@51>20=8O< MAB5B8:8 B@C40, B. 5. >:07K20BL ?@8OB=>5 M<>F8>=0;L=>5 2>7459AB285 ?> 2=5H=5?>@F88, >:@0A:5 8 B. 4.-@3>=><8G5A:0O >F5=:0 >1A;C68205<>3> ?@>872>4AB25==>3> >1>@C4>20=8O 8 >@30=870F88 @01>G8E <5AB 4>;6=0 >ACI5AB2;OBLAO 2 A>>B25BAB288 A 459AB2CNI8<8 !", >A=>2=K<8 87 :>B>@KE O2;ONBAO:!" 12.2.032-78 !!" ╚ 01>G55 <5AB> ?@8 2K?>;=5=88 @01>B A84O. 1I85 M@3>=><8G5A:85 B@51>20=8O╩;!" 12.2.032-78 !!" ╚ 01>G55 <5AB> ?@8 2K?>;=5=88 @01>B AB>O.1I85 M@3>=><8G5A:85 B@51>20=8O╩; !" 12.2.049-80 !!" ╚1>@C4>20=85 ?@>872>4AB25==>5╩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u 8 AC<<0@=>9 B5?;>>B40G59 Qcyu =0E>48BAO 2 ?@545;0E 2 B, 4>;O B5?;>>B40G8 8A?0@5=85< 2;038 =5 ?@52KH05B 30 %.E;0640NI89 <8:@>:;8<0B A>G5B0=85 ?0@0<5B@>2, ?@8 :>B>@>< AC<<0@=0O B5?;>>B40G0 2 >:@C60NICN A@54C Qc ?@52KH05B 25;8G8=C B5?;>?@>4C:F88 >@30=87<0. -B> ?@82>48B : >1@07>20=8N >1I53> 8 (8;8) ;>:0;L=>3> 45D8F8B0 B5?;0 2 B5;5 G5;>25:0 (> 2 B). E;0640NI89 . ?@82>48B : >1>AB@5=8N O725==>9 1>;57=8, @048:C;8B0, >1CA;>2;8205B 2>7=8:=>25=85 701>;520=89 >@30=>2 4KE0=8O, A5@45G=>-A>AC48AB>9 A8AB5< >E;0645=88 @0AB5B G8A;> B@><1>F8B>2 8 M@8B@>F8B>2 2 :@>28, C25;8G8205BAO A>45@60=85 E>;5AB5@8=0, 2O7:>ABL :@>28, GB> ?>2KH05B 2>7<>6=>ABL B@><1>>1@07>20=8O. E;0645=85 G5;>25:0 (:0: >1I55, B0: 8 ;>:0;L=>5) ?@82>48B : 87<5=5=8N 53> 42830B5;L=>9 @50:F88, =0@CH05B :>>@48=0F8N 8 A?>A>1=>ABL 2K?>;=OBL B>G=K5 >?5@0F88, 2K7K205B B>@<>7=K5 ?@>F5AAK 2 :>@5 3>;>2=>3> <>730, GB> <>65B 1KBL ?@8G8=>9 2>7=8:=>25=8O @07;8G=KE D>@< B@02<0B87<0. @8 ;>:0;L=>< >E;0645=88 :8AB59 A=8605BAO B>G=>ABL 2K?>;=5=8O @01>G8E >?5@0F89. 01>B>A?>A>1=>ABL C<5=LH05BAO =0 1,5 % ?@8 A=865=88 B55@0BC@K ?0;LF52 =0 :064K9 3@04CA.%@> =8G5A:>5 >E;0645=85 (2 B. G. ;>:0;L=>5) 2 ?@>F5AA5 B@C4>2>9 45OB5;L=>AB8 2K7K205B ?@5645 2A53> ╚E>;>4>2K5╩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╚O4@>╩) 8 ?>25@E=>AB=KE (╚>1>;>G:0╩) B:0=OE >@30=87<0, 0 B0:65 AB5?5=LN =0?@O65=8O <5E0=87<>2 B5@<>@53C;OF88.>:070B5;8 "!:( B5 5@0BC@0 :> 68 (A@54=52725H5==0O 8 ;>:0;L=0O);( B5 5@0BC@0 ╚O4@0╩ B5;0;( A@54=OO B55@0BC@0 B5;0;( 87 A>45@60=8O 2 >@30=87<5;( 25;8G8=0 2;03>?>B5@L;( 87<5=5=85 G0AB>BK A5@45G=KE A>:@0I5=89;( B5?;>>ICI5=85. 07@01>B0=K :;0AA8D8:0F8O "! (>?B8<0;L=>5, 4>?CAB8<>5, ?@545;L=> 4>?CAB8<>5, =54>?CAB8<>5) 8 <5B>4 53> >F5=:8 2 F5;OE >1>A=>20=8O 38385=8G5A:8E B@51>20=89 : . @01>G8E <5AB, 0 B0:65 <5@K ?@>D8;0:B8:8 >E;0645=8O 8 ?5@53@520=8O @01>B=8:>2. > AB5?5=8 2;8O=8O =0 A0<>GC2AB285 G5;>25:0, 53> @01>B>A?>A>1=>ABL <8:@>:;8<0B8G5A:85 CA;>28O ?>4@0745;ONBAO =0 >?B8<0;L=K5, 4>?CAB8?0A=K5.?B8<0;L=K5 <8:@>:;8<0B8G5A:85 CA;>28O E0@0:B5@87CNBAO B0:8<8 ?0@0<5B@0<8 ?>:070B5;59 ., :>B>@K5 ?@8 8E A>G5B0==>< 2>7459AB288 =0 G5;>25:0 2 B5G5=85 @01>G59 A<5=K >15A?5G820NB >?B8<0;L=>5 "! >@30=87<0. MB8E CA;>28OE =0?@O65=85 B5@<>@53C;OF88 <8=8<0;L=>, >1I858 (8;8 );>:0;L=K5 48A:>@B=K5 B5?;>>ICI5=8O >BACBAB2CNB, GB> ?>72>;O5B A>E@0=OBL 2KA>:CN @01>B>A?>A>1=>ABL.>?CAB8<8:@>:;8<0B8G5A:85 CA;>28O E0@0:B5@87CNBAO B0:8<8 ?0@0<5B@0<8 ?>:070B5;59 ., :>B>@K5 ?@8 8E A>G5B0==>< 459AB288 =0 G5;>25:0 2 B5G5=85 @01>G59 A<5=K <>3CB 2K7K20BL 87<5=5=85 "!. -B> ?@82>48B : C<5@5==><5E0=87<>2 B5@<>@53C;OF88, =57=0G8B5;L=K< 48A:>@B=K< >1I8< 8 (8;8) ;>:0;L=K< B5?;>>ICI5=8O<. @8 MB>< A>E@0=O5BAO >B=>A8B5;L=0O B5@<>AB018;L=>ABL, <>65B 8<5BL <5AB> 2@5<5==>5 (2 B5G5=85 @01>G59 A<5=K) A=865=85 @01>B>A?>A>1=>AB8, => =5 =0@CH05BAO 74>@>2L5 (2 B5G5=85 2A53> ?5@8>40 B@C4>2>9 45OB5;L=>AB8). >?CAB8<5B@K ., :>B>@K5 ?@8 8E A>2<5AB=>< 459AB288 =0 G5;>25:0 >15A?5G820NB 4>?CAB8<>5 "! >@30=87<0.@54=K5 <8:@>:;8<0B8G5A:85 CA;>28O ?0@0<5B@K ., :>B>@K5 ?@8 8E A>G5B0==>< 459AB288 =0 G5;>25:0 2 B5G5=85 @01>G59 A<5=K 2K7K20NB 87<5=5=8O "! >@30=87<0: 2K@065==K5 >1I85 8 (8;8) ;>:0;L=K5 48A:>@B=K5 B5?;>>ICI5=8O, 7=0G8B5;L=>5 =0?@O65=85 <5E0=87<>2 B5@<>@53C;OF88, A=865=85 @01>B>A?>A>1=>AB8. @8 MB>< =5 30@0=B8@C5BAO B5@<>AB018;L=>ABL >@30=87<0 G5;>25:0 8 A>E@0=5=85 53> 74>@>2LO 2 ?5@8>4 B@C4>2>9 45OB5;L=>AB8 8 ?>A;5 55 >:>=G0=8O. !B5?5=L 2@54=>AB8 . >?@545;O5BAO :0: 25;8G8=0<8 53> A>AB02;ONI8E, B0: 8 ?@>4>;68B5;L=>ABLN 8E 2>7459AB28O =0 @01>B0NI8E (=5?@5@K2=> 8 AC<<0@=> 70 @01>GCN A<5=C, 70 ?5@8>4 B@C4>2>9 45OB5;L=>AB8).?0A=K5 (M:AB@5<0;L=K5) <8:@>:;8<0B8G5A:85 CA;>28O ?0@0<5B@K ., :>B>@K5 ?@8 8E A>G5B0==>< 459AB288 =0 G5;>25:0 4065 2 B5G5=85 =5?@>4>;68B5;L=>3> 2@5<5=8 (<5=55 1 G) 2K7K20NB 87<5=5=85 "!, E0@0:B5@87CNI55AO G@57<5@=K< =0?@O65=85< <5E0=87<>2 B5@<>@53C;OF88, GB> <>65B ?@825AB8 : =0@CH5=8N A>AB>O=8O 74>@>2LO 8 2>7=8:=>25=8N @8A:0 A<5@B8.>@<0B82=K5 B@51>20=8O : >B45;L=K< ?>:070B5;O< ., 8E A>G5B0=8O<, @07@01>B0==K5 =0 >A=>25 87CG5=8O B5?;>>1<5=0 8 "! G5;>25:0 2 <8:@>:;8<0B8G5A:8E :0<5@0E 8 2 ?@>872>4AB25==KE CA;>28OE, 0 B0:65 =0 >A=>25 :;8=8G5A:8E 8 M?845<8>;>38G5A:8E 8AA;54>20=89, 87;>65=K 2 !0=8 2.2.4.548-96. ?@>872>4AB25==KE ?><5I5=8OE, 345 4>?CAB8@<0B82=K5 25;8G8=K . ?>445@6820BL =5 ?@54AB02;O5BAO 2>7<>6=K<, =5>1E>48<> ?@>2>48BL <5@>?@8OB8O ?> 70I8B5 @01>B=8:>2 >B 2>7<>6=>3> ?5@53@520=8O 8 >E;0645=8O. -B> 4>AB8305BAO @07;8G=K<8 A@54AB20<8:( ?@8<5=5=85< A8AB5< <5AB=>3> :>=48F8>=8@>20=8O 2>74CE0; 8A?>;L7>20=85< 8=48284C0;L=KE A@54AB2 70I8BK >B ?>2KH5==>9 8;8( ?>=865==>9 B55@0BC@K; @53;0 4>2 @01>BK 2 =51;03>?@8OB=>< . 8 >B4KE0( 2 ?><5I5=88 A , =>@<0;87CNI8< "!; A>:@0I5=85< @01>G59 A<5=K 8 4@.@>D8;0:B8:0 ?5@53@520=8O @01>B=8:>2 2 =03@520NI5< . 2:;NG05B A;54CNI85 <5@>?@8OB8O:( =>@<8@>20=85 25@E=59 3@0=8FK 2=5H=59 B5@<8G5A:>9 =03@C7:8 =0 4>?CAB8<>< C@>2=5 ?@8<5=8B5;L=> : 8-G0A>2>9 @01>G59 A<5=5;( @53;0<5=B0F8O ?@>4>;68B5;L=>AB8 2>7459AB28O =03@520NI59 A@54K (=5?@5@K2=> 8 70 @01>GCN A<5=C) 4;O ?>445@60=8O A@54=5A<5==>3> "! =0 >?B8<0;L=>< 8;8 4>?CAB8<>< C@>2=5;( 8A?>;L7>20=85 A?5F80;L=KE ! 8 !, C<5=LH0NI8E ?>ABC?;5=85 B5?;0 872=5 : ?>25@E=>AB8 B5;0 G5;>25:0 8 >15A?5G820NI8E 4>?CAB8<>5 "! @01>B=8:>2.0I8B0 >B >E;0645=8O >ACI5AB2;O5BAO ?>A@54AB2>< >4564K, 873>B>2;5==>9 2 A>>B25BAB288 A B@51>20=8O<8 !" 29335-92 8 29338-92 ╚>ABNB ?>=865==KE B55@0BC@. "5E=8G5A:85 CA;> 28O╩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╚8 ╩ HC<><5@0, @07;8G0NBAO =5 <5=55 G5< =0 7 4.59AB285 (. =0 >@30=87< G5;>25:0. =B5=A82=>5 HC<>2>5 2>7459AB285 2K7K205B 2 A;CE>2>< 0=0;870B>@5 87<5=5=8O, A>AB02;ONI85 A?5F8D8G5A:CN @50:F8N >@30=87<0. @>F5AA 040?B0F88 A;CE>2>9 A8AB5 2@5<5==>< A<5I5=88 (?>2KH5=85 ?>@>3>2 A;CE>2>9 GC2AB28B5;L=>AB8). @8 4>;3>2@5<5==>< 0:CAB8G5A:>< 2>7459AB288 D>@<8@C5BAO ?>2KH5=85 A;CE>2KE ?>@>3>2, A=0G0;0 <54;5==> 2>72@0I0NI55AO 8 8AE>4=>2=N (A;CE>2>5 CB><;5=85), 0 70B5< A>E@0=ONI55AO : =0G0;C >G5@54=>3> HC<>2>3> 2>7459AB28O (?>AB>O==>5 A<5I5=85 ?>@>30 A;CE0).(., O2;OOAL >1I518>;>38G5A:8< @074@068B5;5<, =5 B>;L:> >:07K205B 2;8O=85 =0 A;CE>2>9 0=0;870B>@, => 2 ?5@2CN >G5@54L 459AB2C5B =0 AB@C:BC@K 3>;>2=>3> <>730, 2K7K20O A42838 2 @07;8G=KE DC=:F8>=0;L=KE A8AB5<0E >@30=87<0. >4 2;8O=85< (. 2>7=8:0NB 2535B0B82=K5 @50:F88, =0@CH5=85 ?5@8D5@8G5A:>3> :@>2>>1@0I5=8O 70 AG5B AC65=8O :0?8;;O@>2, 0 B0:65 87<5=5=85 0@B5@80;L=>3> 402;5=8O (?@58 ?>2KH5=85).!@548 <=>3>G8A;5==KE ?@>O2;5=89 =51;03>?@8OB=>3> 2>7459AB28O (. =0 >@30=87< <>6=> 2K45;8BL:( A=865=85 @071>@G82>AB8 @5G8;( =5?@8OB=K5 >ICI5=8O;( @0728B85 CB><;5=8O 8 A=865=85 ?@>872>48B5;L=>AB8 B@C40;( ?>O2;5=85 HC<>2>9 ?0B>;>388.!=865=85 @071>@G82>AB8 (2=OB=>AB8) @5G8, ?@>D5AA8>=0;L=> 7=0G8<>5 ?@8 <=>38E 2840E 45OB5;L=>AB8, >1CA;>2;5=> MDD5:B0<8 72C:>2>9 <0A:8@>2:8 3>;>A0 ?@>872>4AB25==K< (. 8 B5A=> A2O70=> A> A?5:B@0;L=K<8 E0@0:B5@8AB8:0<8 (. A>1> 7=0G8<> B>, GB> (., O2;OOAL 8=D>@<0F8>==>9 ?><5E>9 4;O 2KAH59 =5@2=>9 45OB5;L=>AB8 2 F5;><, >:07K205B =51;03>?@8OB=>5 2;8O=85 =0 ?@>B5:0=85 =5@2=KE ?@>F5AA>2 8 A?>A>1AB2C5B @0728B8N CB><;5=8O. (. C25;8G8205B =0?@O65=85 D878>;>38G5A:8E DC=:F89 2 ?@>F5AA5 B@C40 8 A=8605B @01>B>A?>A>1=>ABL.!@548 <=>3>>1@07=KE ?@>O2;5=89 HC<>2>9 ?0B>;>388 254CI8< :;8=8G5A:8< ?@87=0:>< O2;O5BAO <54;5==> ?@>3@5AA8@CNI55 A=865=85 >AB@>BK A;CE0 ?> B8?C :>E;50@=>3> =52@8B0. @8 >1A;54>20=88 3@C?? @01>G8E, ?>425@30NI8EAO 459AB28N (., =0@O4C A> A?5F8D8G5A:8<8 ?@>O2;5=8O<8 HC<>2>9 ?0B>;>388 (?0B>;>38O >@30=0 A;CE0) =01;N40NBAO =5A?5F8D8G5A:85 87<5=5=8O 2 2845 A8=4@><0 =52@0AB5=88 8 @565 2 2845 A8=4@><0 2535B>A>AC48AB>9 48ADC=:F88 (=59@>F8@:C;OB>@=>9 48AB>=88 ?@58 ?> 38?5@B>=8G5A:>3> (. 87<5=5=8O A> AB>@>=K =5@2=>9 A8AB5 1>;55 2K@065=K 8 ?@54H5AB2CNB @0728B8N ?0B>;>388 >@30=0 A;CE0. # @01>G8E ?@5>1;040NB 60;>1K =0 3>;>2=K5 1>;8, =5A8AB5<0B8G5A:>5 3>;>2>:@C65=85, A=865=85 ?02KH5==CN CB><;O5<>ABL, M<>F8>=0;L=CN =5CAB>9G82>ABL, =0@CH5=85 A=0, A5@4F5185=85 8 1>;8 2 >1;0AB8 A5@4F0, A=865=85 0??5B8B0 8 4@. @8 >BACBAB288 >@30=8G5A:8E ?>@065=89 A> AB>@>=K F5=B@0;L=>9 8 ?5@8D5@8G5A:>9 =5@2=>9 A8AB5=0;L=K5 87<5=5=8O A> AB>@>=K @5D;5:B>@=>9 8 2535B0B82=>9 AD5@K.# ;8F, @01>B0NI8E 2 CA;>28OE 8=B5=A82=>3> (., >?@545;ONBAO 87<5=5=8O A5@45G=>-A>AC48AB>9 A8AB51@. 2 2845 A8=4@><0 =59@>F8@:C;OB>@=>9 48AB>=88, G0I5 :0@480;L=>3> 8 38?5@B5=782-=>3> B8?0 8 7=0G8B5;L=> @565 38?>B5=782=>3> B8?0. >2>;L=> G0AB> 2KO2;ONBAO =0@CH5=85 M20:C0B>@=>9 DC=:F88 65;C4:0 8 87<5=5=85 :8A;>B=>AB8 65;C4>G=>3> A>:0. (. 2K7K205B A=865=85 8<<C=>;>38G5A:>9 @50:B82=>AB8, >1I59 @578AB5=B=>AB8 >@30=87<0, GB> ?@>O2;O5BAO 2 ?>2KH5=88 C@>2=O 701>;5205<>AB8 A 2@5<5==>9 CB@0B>9 B@C4>A?>A>1=>AB8: 2 1,2 1,3 @070 ?@8 C25;8G5=88 C@>2=O ?@>872>4AB25==>3> (. =0 10 4.>7459AB285 ?@>872>4AB25==>3> (. =0 @01>B=8:>2 >F5=820NB ?> @57C;LB0B0< <548F8=A:8E >A<>B@>2; 4;O E0@0:B5@8AB8:8 DC=:F8>=0;L=>3> A>AB>O=8O =5@2=>9 A8AB5;L7CNB E@>=>@5D;5:A><5B@8N, B@5<>@><5B@, B5ABK =0 2=8<0=85 8 4@.; A>AB>O=85 A5@45G=>-A>AC48AB>9 A8AB5B0 ?C;LA0; A>AB>O=85 A;CE>2>3> 0=0;870B>@0 8AA;54CNB A ?><>ILN :0<5@B>=0 @073>2>@=>9 (H5?>B=>9) @5G8 8 B>=0;L=>9 ?>@>3>2>9 0C18><5B@88. !;CE AG8B05BAO =>@<0;L=K< ?@8 2>A?@8OB88 H5?>B=>9 @5G8 =0 @0AAB>O=88 6 <. 073>2>@=CN @5GL G5;>25: A =>@<0;L=K< A;CE>< 2>A?@8=8<05B =0 @0AAB>O=88 4> 60-80 <.(8@>:> ?@8<5=O5<0O 2 ?@0:B8:5 B>=0;L=0O ?>@>3>20O 0C48><5B@8O 405B :0G5AB25==CN 8 :>;8G5AB25==CN E0@0:B5@8AB8:C A;CE>2>9 DC=:F88, 2K@065==CN 2 A@02=8205@<0;L=K< ?>@>3>< A;KH8<>AB8 (2-105 0), 70;>65==K< 2 ?@81>@ 2 2845 =C;52>3> C@>2=O. ">=0;L=0O 0C48><5B@8O >ACI5AB2;O5BAO A ?><>ILN M;5:B@>0:CAB8G5A:>9 0??0@0BC@K 0C48><5B@>2, M:2820;5=B=K5 ?>@>3>2K5 C@>2=8 :>B>@KE 4>;6=K A>>B25BAB2>20BL !" 13655-75. @8<5=O5<5B@K 35=5@8@CNB G8ABK5 B>=K: 125, 250, 500, 1000, 1500, 2000, 3000, 4000, 6000, 8000 F A 8=B5=A82=>ABLN 4> 100 4 ?@8 A:0G:>>1@07=>9 @53C;8@>2:5 8=B5=A82=>AB8 4> 5 4. 57C;LB0BK 8AA;54>20=8O ?>@>3>2 A;CE>2>3> 2>A?@8OB8O G8ABKE B>=>2 ?5@5=>AOB =0 0 C 4 8 > 3 @ 0 < < C, 345 =0 >A8 01AF8AA C:070=0 G0AB>B0 2 35@F0E, 0 =0 >A8 >@48=0B ?>@>3 A;CE>2>3> 2>A?@8OB8O 2 45F815;0E (B. 5. <8=8<0;L=>5 72C:>2>5 402;5=85, :>B>@>5 2>A?@8=8<0;>AL CE>< >1A;54C5<>3>).C48><5B@8G5A:85 8AA;54>20=8O A F5;LN CAB0=>2;5=8O ?>B5@L A;CE0 (?>AB>O==>5 A<5I5=85 ?>@>30 A;KH8<>AB8 !) ?@>2>4OBAO =5 <5=55 G5< G5@57 14 G ?>A;5 2>7459AB28O =0 8AA;54C5<>3> ?@>872>4AB25==>3> (. A C@>2=5< 1>;55 80 4. @5<5==>5 A<5I5=85 ?>@>30 A;KH8<>AB8 - ! (>1@0B8<>5 DC=:F8>=0;L=>5 87<5=5=85 A;CE>2>9 GC2AB28B5;L=>AB8 >B 2>7459AB28O (.) >?@545;ONB =0 5-9 <8=CB5 ?>A;5 ?@5:@0I5=8O HC<>2>3> 2>7459AB28O =0 8AA;54C5<>3>. 7CG5=85 A>AB>O=8O A;CE>2>3> 0=0;870B>@0 ?@>2>48BAO A>3;0A=> !" 12.4.062-87 ╚5B>48:0 >?@545;5=8O ?>B5@L A;CE0 G5;>25:0╩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╚?;020NI8E╩ ?>;>2. @E8B5:BC@=>-?;0=8@>2>G=K5 @5H5=8O 2> <=>38E A;CG0OE ?@54>?@545;ONB 0:CAB8G5A:89 @568< ?@>872>4AB25==KE ?><5I5=89, >1;53G0O 8;8 70B@C4=OO @5H5=85 7040G ?> 8E 0:CAB8G5A:>CAB@>9AB2C. (C<>2>9 @568< ?@>872>4AB25==KE ?><5I5=89 >1CA;>2;5= @07<5@0<8 8 D>@<>9, ?;>B=>ABLN 8 2840<8 @0AAB0=>2:8 <0H8= 8 >1>@C4>20=8O, =0;8G85< 72C:>?>3;>I0NI53> D>=0 8 B. 4. ;0=8@>2>G=K5 <5@>?@8OB8O 4>;6=K 1KBL =0?@02;5=K =0 ;>:0;870F8N 72C:0 8 C<5=LH5=85 53> @0A?@>AB@0=5=8O. (C<=K5 ?><5I5=8O ?> 2>7<>6=>AB8 A;54C5B 3@C??8@>20BL 2 >4=>9 7>=5 740=8O, ?@8< 8 2A?><>30B5;L=K< ?><5I5=8O<, 8 >B45;OBL :>@84>@0<8 8;8 ?>4A>1=K<8 ?><5I5=8O<8.5>1E>48<> ?@8<5=OBL A@54AB20 8=48284C0;L=>9 70I8BK >B (. (0=B8D>=K, 703;CH:8). -DD5:B82=>ABL ! <>65B 1KBL >15A?5G5=0 ?@028;L=K< ?>41>@>< 2 7028A8<>AB8 >B C@>2=59 8 A?5:B@0 (., 0 B0:65 :>=B@>;5< 70 CA;>28O<8 8E M:A?;C0B0F88. :> ;5:A5 ?@8OB89 ?> 70I8B5 @01>B=8:>2 >B =51;03>?@8OB=>3> 2>7459AB28O (. 206=>5 7=0G5=85 8<55B ?@>2545=85 ?@5420@8B5;L=KE 8 ?5@8>48G5A:8E <548F8=A:8E >A<>B@>2. ! CG5B>< E0@0:B5@0 (. A;54C5B 22>48BL @53;0<5=B8@>20==K5 4>?>;=8B5;L=K5 ?5@5@K2K.#;LB@072C: -B> C?@C385 2>;=K A G0AB>B>9 :>;510=89 >B 20 :F 4> >4=>3> F, =5 A;KH825G5A:8< CE><. #;LB@072C:>2K5 2>;=K ?> A2>59 ?@8@>45 =5 >B;8G0NBAO >B C?@C38E 2>;= A;KH8<>3> 480?07>=0. 0A?@>AB@0=5=85 #. ?>4G8=O5BAO >A=>2=K< 70:>=0<, >1I8< 4;O 0:CAB8G5A:8E 2>;= ;N1>3> 480?07>=0 G0AB>B. <5AB5 A B5< 2KA>:0O G0AB>B0 C;LB@072C:>2KE :>;510=89 8 <0;0O 4;8=0 2>;= >1CA;>2;820NB @O4 A?5F8D8G5A:8E A2>9AB2, ?@8ACI8E B>;L:> #. >7<>6=>:( 287C0;L=>5 =01;N45=85 C;LB@072C:>2KE 2>;= >?B8G5A:8<8 <5B>40<8;( ?>;CG5=85 =0?@02;5==>3> 87;CG5=8O (1;03>40@O <0;>9 4;8=5 C;LB@072C:>2K5 2>;=K E>@>H> D>:CA8@CNBAO);( ?>;CG5=85 2KA>:8E 7=0G5=89 8=B5=A82=>AB8 ?@8 >B=>A8B5;L=> =51>;LH8E 0;8BC40E :> ;510=89. B5E=>35==K< 8AB>G=8:0< #. >B=>AOBAO 2A5 284K C;LB@072C:>2>3> B5E=>;>38G5A:>3> >1>@C4>20=8O, C;LB@072C:>2K5 ?@81>@K 8 0??0@0BC@0 ?@>3>, <548F8=A:>3>, 1KB>2>3> =07=0G5=8O, :>B>@K5 35=5@8@CNB C;LB@072C:>2K5 :>;510=8O 2 480?07>=5 G0AB>B >B 18 :F 4> 100 F 8 2KH5. 8AB>G=8:0< #. >B=>A8BAO B0:65 >1>@C4>20=85, ?@8 M:A?;C0B0F88 :>B>@>3> C;LB@072C:>2K5 :>;510=8O 2>7=8:0NB :0: A>?CBAB2CNI89 D0:B>@.@8<5=5=85 #:( =87:>G0AB>B=K5 (4> 100 :F) C;LB@072C:>2K5 :>;510=8O, @0A?@>AB@0=ONI85AO :>=B0:B=K< 8 2>74CH=K< ?CB5<, 4;O 0:B82=>3> 2>7459AB28O =0 25I5AB20 8 B5E=>;>38G5A:85 ?@>F5AAK: >G8AB:0, >15768@820=85, A20@:0, ?09:0, <5E0=8G5A:0O 8 B5@<8G5A:0O >1@01>B:0 <0B5@80;>2 (A25@EB25@4KE A?;02>2, 0;<07>2, :5@0<8:8 8 4@.), :>03C;OF8O 0M@>7>;59; 2 <548F8=5 C;LB@072C:>2>9 E8@C@38G5A:89 8=AB@C<5=B0@89, CAB0=>2:8 4;O AB5@8;870F88 @C: <54?5@A>=0;0, @07;8G=KE ?@54<5B>2 8 4@.;( 2KA>:>G0AB>B=K5 (100 :F-100 F 8 2KH5) C;LB@072C:>2K5 :>;510=8O, @0A?@>AB@0=ONI85AO 8A:;NG8B5;L=> :>=B0:B=K< ?CB5<, 4;O =5@07@CH0NI53> :>=B@>;O 8 87<5@5=89; 2 <548F8=5 4;O 4803=>AB8:8 8 ;5G5=8O @07;8G=KE 701>;520=89.=0;87 @0A?@>AB@0=5==>AB8 8 ?5@A?5:B82 ?@8<5=5=8O C;LB@072C:>2KE 8AB>G=8:>2 2 @07;8G=KE >B@0A;OE E>7O9AB20 ?>:070;, GB> 60-70 % 2A5E @01>B0NI8E 2 CA;>28OE =51;03>?@8OB=>3> 2>7459AB28O #. A>AB02;ONB: 45D5:B>A:>?8ABK; >?5@0B>@K >G8AB=KE, A20@>G=KE, >3@0=>G=KE 03@530B>2; D878>B5@0?52BK, E8@C@38, 2@0G8, ?@>2>4OI85 C;LB@072C:>2K5 8AA;54>20=8O (#), 8 4@. #AB0=>2;5=>, GB> @01>B0NI85 A B5E=>;>38G5A:8<8 8 <548F8=A:8<8 C;LB@072C:>2K<8 8AB>G=8:0<8 ?>425@30NBAO 2>7459AB28N #. A G0AB>B>9 :>;510=89 18,0 :F 20,0 F 8 8=B5=A82=>ABLN 50-160 4.#;LB@072C:>2K5 2>;=K A?>A>1=K 2K7K20BL @07=>=0?@02;5==K5 18>;>38G5A:85 MDD5:BK, E0@0:B5@ :>B>@KE >?@545;O5BAO 8=B5=A82=>ABLN C;LB@072C:>2KE :>;510=89, G0AB>B>9, 2@5<5==K<8 ?0@0<5B@0<8 :>;510=89 (?>AB>O==K9, 8

Источник: http://www.zerkalov.org/files/hpyt.doc


Аритмия сердца у ребенка 11м