?tg miiumj Xproia vmju` oiv`stoia hciar`ss •
Mproj 5, >;=5 • Jms R`ams, IR Mppj`s tc Mppj`s Mppj`s V`l` Msgtci, H`itmur Hmpotmj [mrti`rs
V`l` Msgtci H`itmur Hmpotmj [mrti`rs
J`amj Eoshjmod`r UGOX [^@X@IUMUOCI OX BC^ OIBC^DMUOCIMJ MIE @EPHMUOCIMJ [P^[CX@X CIJ_ MIE OX ICU OIU@IE@E MX OIR@XUD@IU MEROH@. ICUGOIA HCIUMOI@E G@^@OI XGMJJ HCIXUOUPU@ M XCJOHOUMUOCI, ^@HCDD@IEMUOCI C^ @IEC^X@D@IU UC NP_ C^ X@JJ MI_ X@HP^OU_ C^ CUG@^ BOIMIHOMJ OIXU^PD@IU. OIR@XUD@IU BPIEX DMIMA@E N_ H@IUMP^ HM[OUMJ [M^UI@^X (‚HH[—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
Mncut H`itmur Hmpotmj [mrti`rs
Bcuie`e oi >;;>< nms`e oi Xcutgjml`, UW
H`itmur sp`homjoz`s oi vmju`-cro`it`e oiv`stoia strmt`ao`s nms`e ci buiemd`itmj s`huroto`s r`s`mrhg mie mimjysos
Ug` H`itmur oiv`std`it prch`ss `dpgmsoz`s rosl-mv`rs`, rosl -mv`rs`, r`jomnj` r`turis.
Oiv`std`it mevoscr tc tg` H`itmur Rmju` Buie Jcia/Xgcrt (jcia-noms`e) provmt` oiv`std`it pmrti`rsgop Jmuihg`e oi Muaust >;;>
Oiv`std`it mevoscr tc H`itmur Uctmj ^`turi Buie (UOJEW) Cp`i-`ie`e dutumj buie jmuihg`e oi >;;0 Jcia-cijy `quoty strmt`ay tgmt s``ls tc oe`itoby uie`rvmju`e `quoto`s mie `dpgmsoz`s oihcd` tgrcuag eovoe`ies & hcv`r`e hmjj cptocis
H`itmur Rmju` Buie Hudujmtov` ^`turis
Mi @mrjy Oiv`std`it6 Nmjjmre [cw`r
Nmjjmre [cw`r (=??7 ‘ (=??7 ‘ [r`s`it) [r`s`it)
Mi @mrjy Hoamr Nutt Oiv`std`it6 E`sw`jj
=???6 Oaicrmih` Qms Njoss MCJ (=???)
I`tbjox (>;=5)
Dmrl`t Hmp
$=2;N
$>>N
Miiumj Xmj`s
~$0N
~$5.8N
Xunshron`rs
>; Dojjoci
5; Dojjoci
Ict`6 I`tbjox vmjumtoci `stodmt` `stodmt` ms cb Dmrhg >1, >;=5, sunshron`r `stodmt` `stodmt` ms cb E`h 8=, >;=8 MCJ dmrl`t dmrl`t hmp, smj`s, mie sunshron`r `stodmt` ms cb E`h 8=, =???
Mimtcdy cb m Nunnj` PX Jmra` Hmp Xtchls
=?>2-=??? Mv`rma`
Xtmrtoia Fmi >;;;
=; _`mr Mssudptocis
[/@
8>
=5
=1.0
[rcbot Dmraoi
5.?%
1.>%
2.;%
Xmj`s Arcwtg / Xgmr`
=.7%
;.?% (Urmojoia =; _r)
^`mj XAX Arcwtg 4 5.;%
_o`je
5.8%
=.>%
>.>% (Mva) (Mva)
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ADC =; _`mr ‚^`mj ^`turi— [rcf`htoci bcr >;;;->;=;6 >;;; ->;=;6 -=.?% miiumjoz`e ADC 1 _`mr ‚^`mj ^`turi— [rcf`htoci bcr >;=5->;>=6 >;=5->;>=6 -=.2% miiumjoz`e
Xcurh`6 ADC
Xurvovoia tg` N`mr [`roce
[mrti`rsgop
X&[ 0;;
Imsemq
>;;;
-=.?%
-=;.=%
-8?.>%
>;;=
+=2.;%
-=8.;%
->=.;%
>;;>
-=5.1%
->;.2%
-8=.?%
Fmi. =, >;;; ‘ >;;; ‘ Fujy Fujy 8=, >;;>
-8.;%
-87.2%
-21.>%
X&[0;; e`hjoi`e mncut 50% brcd p`ml p`m l tc trcuag IMXEM] e`hjoi`e mjdcst 7;% brcd p`ml tc trcuag Dmiy vmju` oiv`stcrs eoe w`jj euroia tg` >;;;->;;> n`mr dmrl`t
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Eïfë Ru Mjj Cv`r Mamoi Bmh`nccl tc [my $=? Nojjoci bcr QgmtsMpp B`nrumry =?, >;=5 Bmh`nccl mar``e tc nuy d`ssmaoia hcdpmiy QgmtsMpp bcr $=? nojjoci oi hmsg mie stchl , m njchlnust`r trmismhtoci tgmt ewmrbs e wmrbs tg` mjr`mey sly-goag proh`s tgmt ctg`r stmrtups gmv` n``i mnj` tc r`h`itjy hcddmie. hcddmie. Ug` 00-`dpjcy`` hcdpmiy hcdpmiy,, wgohg mhts ms m loie cb r`pjmh`d`it bcr t`xt d`ssmaoia, gms s``i ots us` dcr` tgmi ecunj` oi tg` pmst ioi` dcitgs tc 50; dojjoci dcitgjy us`rs. Ugmt dml`s ots s`rvoh` dcr` pcpujmr tgmi Uwott`r Uwott`r,, tg` woe`jy us`e dohrc-njcaaoia s`rvoh` wgohg gms mncut >5; dojjoci us`rs mie os hurr`itjy vmju`e mt mncut $8; nojjoci
@hgc`s cb tg` [mst _mgcc! Miicuih`s Mhquosotoci cb Nrcmehmst.hcd bcr $0.1 Nojjoci Mproj =, =??? _mgcc Oih. os `xp`ht`e tc miicuih` Ugursemy tgmt ot wojj nuy Nrcmehmst.hcd Oih. bcr stchl vmju`e mt mncut $0.1 nojjoci, cr $=8; m sgmr`, p`cpj` bmdojomr wotg tg` dmtt`r smoe. Ug` e`mj ncjst`rs _mgcc's noe tc nrcme`i ots Q`n sot` wotg cbb`roias brcd nrcmehmst.hcd, m Emjjms-nms`e Oit`ri`t nrcmehmst`r, nrcmehmst`r, ms mueoc mie voe`c n`aois tc n` dcr` dcr` woe`jy eostronut`e cv`r tg` Oit`ri`t. Nrcmehmst.hcd pcst`e m jcss cb $=2.5 dojjoci dojjoci bcr =??7, ci r`v`iu` cb $>>.5 dojjoci. dojjoci. _mgcc, ci tg` ctg`r gmie, gms r`dmoi`e jmra`jy prcbotmnj`. Ots stchl proh` gms `xpjce`e oi r`h`it dcitgs, rosoia ms goag ms $>>>. Ots hurr`it dmrl`t vmjumtoci os $85 nojjoci.
Qgmt Q`r` _cu Ugoiloia3 Xhctt DhI``jy, DhI``jy, H@C, Xui Dohrcsyst`ds, >;;> Nusoi`ss Q``l oit`rvo`w "Uwc "Uwc y`mrs mac, w` w`r` s`jjoia mt =; tod`s r`v`iu`s wg`i w` w`r` mt $25. Mt =; tod`s r`v`iu`s, tc aov` ycu m =;-y`mr =; -y`mr pmynmhl, O gmv` tc pmy ycu =;;% cb r`v`iu`s bcr =; strmoagt y`mrs oi eovoe`ies. Ugmt mssud`s O hmi a`t tgmt ny dy sgmr`gcje`rs. Ugmt mssud`s O gmv` z`rc hcst cb acces ac ces scje, wgohg os v`ry gmre bcr m hcdput`r hcdpmiy. hcdpmiy. Ugmt mssud`s z`rc `xp`is`s, wgohg os r`mjjy gmre wotg 8?,;;; `dpjcy``s. Ugmt mssud`s O pmy ic tmx`s, wgohg os v`ry gmre. Mie tgmt mssud`s ycu pmy ic tmx`s ci ycur eovoe`ies, wgohg os loie cb ojj`amj. Mie tgmt mssud`s wotg z`rc ^&E bcr tg` i`xt =; y`mrs, O hmi dmoitmoi tg` hurr`it r`v`iu` rui rmt`. Icw, Icw, gmvoia eci` tgmt, wcuje miy cb ycu jol` tc nuy dy stchl mt $253 Ec ycu r`mjoz` gcw roeohujcus tgcs` nmsoh mssudptocis mr`3 _cu _cu eci't i``e miy trmispmr`ihy. _cu eci't i``e miy bcctict`s. Qgmt w`r` ycu tgoiloia3"
[`rojs cb [myoia =;W Xmj`s Nojj Bj`hl`ist`oi, Ug`Xtr``t.hcd mrtohj`, Dmrhg >;;> "Fust tc put tg` pyrct`hgiohs oitc p`rsp`htov`, dcst cb tg` s`dohcieuhtcr `quopd`it hcdpmio`s hcdpmio`s mie hgop stchls trme` mrcuie =; tod`s tod`s r`v`iu`s. Oit`j trme`s mt `oagt tod`s< Dmxod Oit`armt`e [rceuhts, =0 tod`s< Joi`mr U`hgicjcay, >; tod`s< Dohrcscbt, => tod`s< Mppjo`e Dmt`romjs, `oagt tod`s< Hoshc, `oagt tod`s< Mjt`rm, =; tod`s< Nrcmehcd, =; tod`s. Qgy ec O nroia tg`d up3 Q`jj, Q`jj, bcr tg` jcia`st tod`, O gmv` ict n``i mnj` tc uie`rstmie wgmt erov`s p`cpj` tc pmy =;, =0, cr >; tod`s tod`s r`v`iu`s. Ug` odpjohmtoci odpjohmtoci cb pmyoia roeohujcus proh`s proh`s jol` tg`s` os prcbcuie."
Ug` ^cme tc Icwg`r`
Qgmt `xmhtjy mr` tg` odpjohmtocis cb pmyoia =;W smj`s bcr m arcup cb stchls3 Ug` ‚Bj`hl`ist`oi [crtbcjoc— wcuje gmv` r`turi`e ictgoia cv`r tg` i`xt => y`mrs Ict ci` cb tg` `oagt stchls `v`i dmima`e dmima`e tc ecunj` mt miy tod` euroia tg` tg` p`roce.
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Ug` Psumj Xusp`hts Hcdpmiy
Dmrl`t Hmp
@R / Xmj`s
Bmh`nccl (BN)
$=1=.0N
>;.5W
U`sjm (UXJM)
$>7.;N
=8.?W
Uwott`r wott` r (UQU^)
$>1.?N
5>.;W
Joil`eOi (JILE)
$>=.5N
=5.;W
Qcrlemy (QEM_) (QEM_)
$=2.7N
5=.>W
Bor`@y` (B@_@)
$?.?N
2=.=W
Xpjuil (X[JL)
$7.1N
>7.?W
X`rvoh`Icw (ICQ)
$7.2N
>;.8W
Xcjmr Hoty (XHU_)
$2.=N
58.>W
_`jp (_@J[)
$0.2N
>8.?W
Cppcsot` @ies cb tg` Rmju` Xhmj`
U`sjm vs. NDQ ‘ NDQ ‘ Mppj`s Mppj`s tc Mppj`s U`sjm
NDQ
Xgmr`s Cutstmieoia
=>8.>D
2;>D Hcddci, 05D [r`b`rr`e
Xgmr` [roh`
$>=>
₪?> ₪?> Hcddci, ₪ Hcddci, ₪27 27 [r`b`rr`e
Dmrl`t Hmp
$>2.>N $8;.1N (bujjy eojut`e K =50D sgmr`s)
₪2;N ₪2;N ($7>.>N)
R`gohj`s `gohj `s Xcje (>;=8)
>8,0;;
=,?28,1?7 (NDQ ‘ (NDQ ‘ =,200,=87< =,200,=87< Doio ‘ Doio ‘ 8;0,;8;< 8;0,;8;< ^cjjs ‘ ^cjjs ‘ 8,28;< 8,28;< + ==0,>=0 dctcrhyhj`s)
@xp`ht`e R`gohj`s Xcje (>;=5)
80,;;; (0;% oihr`ms`)
>,;28,;;; (0% oihr`ms`)
U`sjm vs. NDQ ‘ NDQ ‘ Boimihomjs Boimihomjs U`sjm
NDQ
^`v`iu`
$>.0N (ici-AMM[) (ici-AMM[) $>.;=8N (AMM[)
₪12N ₪12N ($=;5N)
I`t [rcbot / Jcss
$=;8.2D (ici-AMM[) (ici-AMM[) -$15D (AMM[)
₪0.85N ₪0.85N ($1.8N)
Arcss Dmraoi
>>.1%
>;.=%
Cp`rmtoia Hmsg Bjcw
$>07D
₪?.50N ₪?.50N ($=>.?0N) ‘ ($=>.?0N) ‘ Mutcdctov`
U`sjm‟s Dmraoi Dyst`ry U`sjm‟s ^`aujmtcry Hr`eot Xmj`s >;=8
Mdcuit / %
^`v`iu` brcd V@R / ^`aujmtcry Hr`eots (>;=8)
$=?0D
^`aujmtcry Hr`eots ms % cb ici-AMM[ ^`v`iu`
1.7%
^`aujmtcry Hr`eots ms % cb AMM[ ^`v`iu`
?.1%
^`aujmtcry Hr`eots ms % cb ici-AMM[ I`t Oihcd`
=77%
^`aujmtcry Hr`eots ms % cb Arcss Dmraoi
5>.1%
Arcss Dmraoi `xhjueoia ^`aujmtcry Hr`eots
=>.5%
CHB `xhjueoia ^`aujmtcry Hr`eots
$28D
U`sjm‟s `sjm‟s ‚prcbot— oi >;=8 `itor`jy eu` tc tg` smj` cb r`aujmtcry hr`eots. U`sjm U`sjm mhlicwj`ea`s tgmt >;=8 j`v`j cb r`aujmtcry hr`eot smj`s ict sustmoimnj` Ec U`sjm U`sjm nujjs r`mjjy uie`rstmie gcw duhg cb >;=8 >;=8 prcbots mr` brcd hr`eots3
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NDQ `it`rs tg` @R Dmrl`t
NDQ o8
NDQ o7
Voicrc =@
NDQ Boimih` m Goee`i Mss`t NDQ vs. D&U Nmil
D&U Nmil
NDQ Boimih`
Hustcd`rs
8.1D
5.=D (j`meoia & hr`eot) >.2D (oisurmih` hcitrmhts)
I`t Cp`rmtoia Oihcd` Oihcd`
$=,=10
$>,>2;
I`t Oihcd`
$=,;2>
$=,085
^C@
=;.?%
=8.2% (mbt`r tmx) >;.>% (pr`-tmx)
Jcmis & J`ms`s
$25,;18
$==0,02;
Uctmj Mss`ts
$70,=2>
$=>2,5?>
Uctmj Hcddci @quoty
$=;,5>=
$==,0=7
J`v`rma` (Mss`ts / @quoty)
7.>W
==W
I`t Hgmra`-Cbbs Hgmra`-Cbbs / Mva Jcmis
;.>7%
;.52% (jcss rmtoc)
[rcvosoci bcr Hr`eot Jcss`s
=.58%
>.75%
Dmrl`t Rmjumtoci mjumtoc i
$=2N
33
Hmpotmj Oit`isov` Nusoi`ss NDQ •
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Xp`it $==;N $==;N oi hmp-`x cv`r pmst =; y`mrs Xp`it $5=.0N oi ^&E Oihr`ms`e miiumj hmpmhoty brcd =.>0D tc >.=D hmrs >? [rceuhtoci bmhojoto`s oi =8 hcuitro`s 2,;;; e`mj`rsgops wcrjewoe` Hmi buie arcwtg `itor`jy brcd hmsg bjcw N`st hr`eot rmtoia oi oieustry, oieustry, mhh`ss tc jcw hcst e`nt
U`s U`sj m •
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Xp`it $7;;D oi hmp-`x Xp`it $70;D oi ^&E Qojj jol`jy i``e tc sp`ie ~$=0N tc r`mhg hmpmhoty cb 8;;,;;; hmrs miiumjjy ^`quor`s dcr` hmpotmj tgrcuag `quoty mie/cr e`nt tc buie arcwtg Jol`jy tc n` BHB i`amtov` bcr dmiy y`mrs ms ot oiv`sts bcr butur` arcwtg
Nuy NDQ mt >0% Eoshcuit Hur r `it Xgmr` [r [r o h` 4 ₪ ?> ?>
G`r`‟s wgmt ycu a`t6 >;=8 @mrioias 4 ₪ 4 ₪7.=; 7.=; Arcwoia, goag qumjoty boimih` nusoi`ss wotg >;% pr`-tmx ^C@ [/@ 4 == >.7% Eovoe`ie _o`je ;.7W Xmj`s Mssudoia m 2W Dujtopj` (hmpotmj-oit`isov` (hmpotmj -oit`isov` arcwtg hyhjohmj) tc mutcdctov` CHB ₪ CHB ₪??=;N p`r y`mr, `qumjoia ₪ `qumjoia ₪05-2;N 05-2;N (o`, ₪ (o`, ₪7>-?>/Xgmr`) 7>-?>/Xgmr`) =.8W tc =.0W Dujtopj` tc NDQ Boimih` ( ₪=2->;/Xgmr`) ₪=2->;/Xgmr`) Bmor Rmju` Rmju` 4 ₪?7-==>/Xgmr` ₪?7-==>/Xgmr` •
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[r `b `r r `e Xgmr Xgmr ` [r o h` 4 ₪ 27 27 •
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[r`b`rr`e Xgmr`s (NDQ8) mr` ici-vctoia mie j`ss joquoe (1;L vs. =.7D emojy) Goag`r Eovoe`ie ( ₪>.2> ₪>.2> vs. ₪ vs. ₪>.2; >.2; oi >;=8) Rctoia Xgmr`s mr`i‟t ms odpcrtmit n`hmus` NDQ os bmdojy hcitrcjj`e Mt ₪ Mt ₪27, 27, 7.5W `mrioias & eov yo`je ~ 8.?%
Hmi U`sjm Arcw oitc ots Rmjumtoci3 •
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@xhotoia Hcdpmiy, Ar`mt [rceuht, Arcwoia Nrmie Mwmr`i`ss Xtojj gms tc cv`rhcd` dmiy cnstmhj`s tc arcw tc 8;;,;;; miiumj cutput w/ 8 dce`js & wcrjewoe` eostronutoci Qojj jol`jy r`quor` mhh`ss tc soaiobohmit hmpotmj, hm potmj, r`sujtoia oi jol`jy sgmr` eojutoci (brcd =50D hurr`it tc p`rgmps >;;D oi =; y`mrs) @xp`ht hcdp`totoci brcd w`jj-hmpotmjoz`e, `stmnjosg`e pjmy`rs wotg jmra` gostcrohmj oiv`std`its oi e`mj`r i`twcrls & dmiubmhturoia hmpmhoty Ob U`sjm U`sjm suhh``es & os mnj` tc s`jj 8;;,;;; hmrs miiumjjy oi 0 y`mrs mie os o s prceuhoia 7=;% @NOU @NOU dmraoi, dmraoi, tg`i ot `ss`itomjjy jccls jol` DOIO tcemy. tcemy. DOIO prcnmnjy prcnmnjy hcdpros`s =;% cb NDQ‟s hurr`it vmjumtoci, cr p`rgmps $7N PX. U`sjm dmy n` sodojmr tc _mgcc! _mgcc! oi =???. Ug` hcdpmiy dmy ec v`ry w`jj & n`hcd` m suhh`ssbuj nusoi`ss, nut dmy tml` =;-=0 =;-=0 y`mrs tc arcw oitc tcemy‟s tcemy‟s vmjumtoci, wotg jcts cb vcjmtojoty oi n`tw``i Mt tcemy‟s vmjumtoci, U`sjm hmi n` m v`ry suhh`ssbuj hcdpmiy oi tg` jcia t`rd t `rd mie tg` stchl wcuje stojj n` m pccr prcnmnojoty prcnmnojoty n`t. Mt $>;;, tg` stchl os proh`e bcr p`rb`htoci.
V`l` Msgtci
H`itmur Hmpotmj [mrti`rs
