Prezentacja
Transkrypt
Prezentacja
! " # $ % & ' + , " ' ' - () . " / # # * + 0 ( ' 4 3( ' # " 4 ( 4 2( / 5 # ' ' 2 ! !" # $%& ( ( 6 # * 3 ( " '' # # 1) 2 ! / $ ' " # $ 12 ) # ' # #6 D C !7 "6 -2 " C " # + 5 C " " +" " / ' " !-! -7: ; 8< ' / 5 8 " C , < , + 5 EF ! ; - : E H= "9 +" , - 3:= # > " B % 5 I 5 5 " % + *5 ' # C A ' ' C?, ' , ' D ' ' ' '/ / 6 66 " ! ' ? # ' # L D?&66 ' + ' % # + D 1) ) 'B B *5 ( ' # 3>: ? B 5 + /. C?, ( B -$:B / B / ( G ( -!: #B 5 5 % (? J " K $- : : ? C @ D " # $ 1! ' ' / * ł # //0 //1 2 > 2 $ 2-3 ( -> ( " + !- ( 2-! 37 # ( ' !> 33 + (, //0 7 D 7 + (, 5 //0 - ( '. ( 1) > $! ! &/1 //1 > !> ! ; ! = M 7$ 2 " # $ D 1 -2 - - -$ $ ' //1 ( $7-3 $3 7 ! ( A " >-7 /. " 4 5 * " / : 5 2: ' " / " 5 , $- ", ", % % / D 5 / + + 4 2 : / 4 F 5 4 3 : + , * + '5 D * ł 23%1 ( 6 ( &5 1) $ 2 34! > 223 % ! 5 "+ 4 " # * $ F 13 # + 4 ł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ł& ? @ 5 630 & ,/326 13"" & A 55 /3 / & > 13!1 $ 61302 > 4/3/2 $ 6%3"! > 4/3/2 ł& A 5 "3%1 ( ( 6 '/ I@F N % N & 1) ! N ? " +" 2 & # # #9 I@F5 N & /3%2 5 $ 1$ ' 9 66 D?& N "+ ? " # #9 9 13/" > A " * "+ & A $ 23/4 $ 4311 13!1 > ? @ ? @ 3"4 $ & $ 04 > 00 $ 0! > 02 $ %3/ > !362 D //1 B & //0 * 8 ; C D ;: ) + +" ) 6= "= //0 61/ //1 0!7 267 27 2 3"7 0% 61/ 03!7 0327 03"7 "3/7 "3/7 !347 /3/7 # + (, !2&2 & //0 ł+ 4 5 4 J 6 5 ( # ' 1) ' ' M K 4 ( !2&2 & //1 ; : ł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ł 2: ? ( $ D -73 A . , I -73 A . * $ 3-$ 3- 3-3 3-3 !-> !- -! !-2 -! 73-3 3-3 3-2 3-3 3- 3- !-! 2- 2-7 2-> 2R $ R $ 2R > R > 2R 7 R 7 2R 3 R 3 2R R 2R ! R ! = -73 A . ' - ł+ 4 + ' # #' + ł+ 4 ' ł ' # ( 6 D ( ' # E 1) ł ! ! $ ( ( $ H " F # $ # ' # 1$ # S ' = -73 A . 2+ * =I ? -7 A 3 ! " !#$ 4 -7 ' ' 2: 7-$: 3->: ł ' 4 7-2: -!: ' !-3: ! 3 ( 1) P " % $ '5 - 7 > 4 R2 $ ' # + ' " # $ 1 ł + + ' # + R! $ ! ł # 5 6 " !#$ + #9 - : ( ( ( 4 2-3: 2 ! " % $ .5 $-!: $-3: (%r/r, rednie kwartalne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ł. - * /3 /3 7 7 !/3/ 13! ! > 03 4 $ 2 " % % 6 $ ! # 43! -7. *" 5 ' 5 5 Q&O ; 5 030 $ 34 $ 3" 034 031 2 3! $ ! 3% # + 4 * % ' " # $ 17 / # ' ! $ 3! ' / + ! = > * QIM 1) 132 4 + " ( ! 13" ' FM ( $ 436 H<W 4 13% 130 430 03/ ł. 47 47 !/3% $ 5- ( > @ 5 A , " X $ ? ' ? ?5 - &. %1% %/" ! %"/ % / ( > %2" ( $ ( $ 2 ( $ ! ( $ ł. - 4 F * 230 / ; -> " 5 /34 ! ( > ( 6 ( ( $ 1) * ( $ 2 ( $ ! / + ! ( $ " # $ 4 72- " ! 5 ( $ 1> # 0 U $=O U $ + 5 % # 8 ' 5 W 5 # + # O/1 -O///. # ) 8 -O///. 2 %2" !03 %42 2131 1 22! %30 2/0 = ' D - 5 i ' ' 6 5 % # ( ( 1) ! " # $ 1$ '- . . 5 - I +' 5 8 ; # "= 367 367 203 2634 243! 263" 263! ( !2&2 & //1 /( P ,9: >Q - 7-$ - 3 2> 37: 7: 3$: - -! -7 , -3: C2-$: ,2-3: 6; #= /( ! ( > ( $ ( $ 2 ( $ ! /.66 ; ( "= / ( W<Y666 ( $ P W; / = # # ,9: #D ,9: ( ( 2-$: 2- : 2-7: !-!: !->: >-7: >-3: >-2: 7-$: 7-3: ->: - : -2: - : $-$: !- : 2-$: 2-7: 2-!: 2- : 1) ! " # ; 6 ( $? " ( >= /. ' 66 $ 666 5 % $ 12 * W<Y ; ' /. '* / / # # / / = I +' 5 8 <AS R I,L P>= ; "= 247 247 2- ! 4 4 4 + ' " ( ( 1) /+ 2->: " ? # <AS ! -> ( > 2- ( $ ' " " # " $ 12 -- K 2- 2-2 ( $ 2 # 5 ( $ ! # ( $ $ ( I +' 5 8 ' - &. 607 ↑ ' ł. - 67 ↑ ł. !7 ↓ ' -7. &↓ - ł. %47 ↑ +S 2"7 ↑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