Professional Documents
Culture Documents
شركة الصناعات الكهربائية - نشرة الإصدار الأولية
شركة الصناعات الكهربائية - نشرة الإصدار الأولية
( )13.500.000 ( )%30
(*) .
/198 1428/7/25 ( 2007/8/7)
2050056359 1428/8/22 ( 2007/9/4).
: 1436/01/18 ( 2014/11/11)
1436/01/24 ( 2014/11/17)
( )
() (/198) 1428/7/25
( 2007/8/7) 2050056359 1428/8/22 (
2007/9/4) ( )2.000.000 . 1432/4/11 (
2011/3/16) ( )2.000.000 ()350.000.000
( )35.000.000
( )10 ( )34.800.000
( )10
. 1435/5/9 ( 2014/3/10)
( )350.000.000 ( )450.000.000
( )45.000.000
( )10 ( )70.000.000
( )30.000.000 .
( )450.000.000 ()45.000.000
( )10
().
() ( )13.500.000
( ) ( )10
. (*) . ()%30
:
() : :
( ) ( ( )1
) . ( )13.500.000
( )%100
( )
()
( )6.750.000 ()%50
%90
( )%10 (.)%90
() :
(
) .
. ( )6.750.000
( )%50 .
.
() (
) ( )%100 .
( )%70 .
.
( )10
) ( ( )15
)
( )12 (
) ()
.
1436/01/18 ( 2014/11/11) 7
1436/01/24 ( 2014/11/17) ( ) .
( ) () (
( )17 ) .
.
( )10 .
( )250.000 . ()10
. ()675.000
. ( )6.750.000
. ( )
.
1436/02/02 ( 2014/11/24)( .
()) ( ( )17
).
() ( )20 (
) .
(
( )8 ).
.
() .
.
. ()
(
) .
( )
( )SWAP
.
: () ( )2
.
.
( ) .
()
. ()
.
1435/11/26 ( 2014/9/21)
( )www.eic.com.sa
( )www.sambacapital.com (.)www.cma.org.sa
( )
( )
( ) .
()
.
()
.
( ( )2 ) .
.
.
.
.
:
() : ( ( )1
).
() :
.
.
.
( )3 (( )ERAS)
2014
.
1987
30.
.
.
. .
.
. .
. (
( )2 ) .
.
() )1( :
( )2 .
.
.
.
( )1 .
( )8 .
***
%4.6
%3.22
2013/10/6
%1.5
%1.1
2012/10/13
2012/10/13
%1.5
%1.1
2012/10/13
2012/10/13
2012/10/13
2012/10/13
.1
67
.2
46
.3
43
.4
40
.5
43
.6
61
.7
45
.8
70
**
2013/1/1
%6.3
%4.4
***
:1-
:
* : 10.000 ( )
. .
** %21.1 %21.8
%38 %4
%38 %4
***
. 6033 . 31442
+966 )13( 810 0280 :
+966 )13( 810 0265 :
www.eic.com.sa :
info@eic.com.sa :
( )
. 6033 . 31442
+966 )13( 810 0280 : 1000
+966 )13( 847 3301 :
swaidan@eic.com.sa :
( )
. 6033 . 31442
+966 )13( 810 0280 : 1111
+966 )13( 814 4854 :
tahinitm@eic.com.sa :
. 6033 . 31442
+966 )13( 847 6112 :
+966 )13( 810 0265 :
abdulall@eic.com.sa :
()
700
. 60612 11555
+966 )11( 218 9999 :
+966 )11( 218 1220 :
www.tadawul.com.sa :
webinfo@tadawul.com.sa :
:
. 3533 .
11481
+966 )11( 478 6000 :
+966 )11( 477 6781 :
www.saib.com.sa :
info@saib.com.sa :
3
. 1017 .
+973 )17( 534 000 :
+973 )17( 522 633 :
www.gibonline.com :
info@gibbah.com :
. 274 . 31411
+966 )13( 834 3564 :555 :
+966 )13( 832 3311 :
www.riyadbank.com :
fid@riyadbank.com :
. 397 . 31952
+966 )13( 810 3274 :
+966 )13( 882 3810 :
www.alfransi.com.sa :
info@alfransi.com.sa :
. 176 . 31411
+966 )13( 809 5534 :133 :
+966 )13( 882 3810 :163 :
www.alrajhibank.com :
ContactCenter1@alrajhibank.com.sa :
. 5558 . 31432
+966 )13( 849 7436 :
+966 )13( 849 7450 :
www.alahli.com :
contactus@alahli.com :
. 842 . 31952
+966 )13( 865 8375 :
+966 )13( 865 8333 :
www.samba.com :
customercare@samba.com :
. 842 . 31952
+966 )13( 882 6000 :3144 :
+966 )13( 887 1341 :
www.sabb.com :
sabb@sabb.com :
. 70 . 31411
+966 )13( 8957 444 :
+966 )13( 894 1712 :
www.shb.com.sa :
csc@saudihollandibank.com :
14
. 220007 . 11311
+966 )11( 477 4770 :
+966 )11( 211 7438 :
www.sambacapital.com :
IPO@sambacapital.com :
. 4288 . 11491
+966 )11( 291 5561 :
+966 )11( 291 5571 :
www.bakermckenzie.com :
legaladvisors@bakermckenzie.com :
()Ernst & Young
. 3795 31952
+966 )13( 849 9500 :
+966 )13( 882 7224 :
www.ey.com/me :
alkhobar@sa.ey.com :
. 8282 11482
+966 )11( 465 4240 :
+966 )11( 465 1663 :
www.pwc.com :
ipopwc@sa.pwc.com :
* 2011
NW S3GS
+44 )20( 8133 2358 :
+44 )20( 7625 1246 :
www.erasconsulting.eu :
John@erasuk.com :
. 8282 11482
+966 )11( 465 4240 :
+966 )11( 465 1663 :
www.pwc.com :
ipopwc@sa.pwc.com :
:
.
.
. 833 . 11421
+966 )11( 477 4770 :
+966 )11( 479 9402 :
www.samba.com :
customercare@samba.com :
. 28 . 11411
+966 )11( 462 9922 :
+966 )11( 462 4311 :
www.alrajhibank.com.sa :
contactcenter1@alrajhibank.com.sa :
. 3555 . 21481
+966 )12( 649 3333 :
+966 )12( 643 7426 :
www.alahli.com :
contactus@alahli.com :
. 22622 . 11614
+966 )11( 401 3030 :
+966 )11( 401 3030 :
www.riyadbank.com :
fid@riyadbank.com :
. 56006 . 11554
+966 )11( 404 2222 :
+966 )11( 404 2311 :
www.alfransi.com.sa :
info@alfransi.com.sa :
. 9084 . 11413
+966 )11( 405 0677 :
+966 )11( 405 0660 :
www.sabb.com :
sabb@sabb.com :
. 1467 11431
+966 )11( 4067888 :
+966 )11( 4058820 :
www.shb.com.sa :
csc@saudihollandibank.com :
/198 1428/7/25
(2007/8/7) 2050056359 1428/8/22 ( 2007/9/4).
:
)1 .
.
)2 .
.
.
.
6 12 .
)3 .
.
.
)4 .
( )EPC
. 2012.
*%
( )
%38.0 17.100.000
171.000.000
%26.6 11.970.000
119.700.000
%32.6 14.665.500
146.655.000
%22.8 10.265.850
102.658.500
94.995.000
%14.8 6.649.650
66.496.500
28.350.000
%4.4 1.984.500
19.845.000
*%
%21.1 9.499.500
%6.3 2.835.000
%2.0
( )
9.000.000
900.000
630.000
%1.4
%70.0 31.500.000
6.300.000
315.000.000
( )450.000.000 ( )45.000.000
( )10 .
( )45.000.000 .
( )10 .
( )13.500.000 ( )10
. () . .
( )13.500.000 .
( )%30 .
[] .
[] .
[] . [] (
( )20.000.000 )
(
( )10 )
( )13.500.000 .
[] .
() : (
( )1 ).
() :
.
:
( )13.500.000 ( )%100
() ( )6.750.000
( )%50 .
( )6.750.000 ( )%50 .
:
( )1
.
.
.
( )17 ( ) .
( )1
( )2 .
:
( )10 .
( )100.000 .
[] .
[] .
( )250.000 .
( )2.249.999 .
[] .
[] .
:
( )10 .
( )250.000 . ( )10
. ( )675.000
.
( )6.750.000
.
. ( )13.500.000
( )%100
( )
( )6.750.000
( )%50 .
( )
. ( ) 1436/02/02 (
2014/11/24)( .
( )17
).
1436/01/18 ( 2014/11/11) 7
1436/01/24 ( 2014/11/17)
( . ( )8 ).
( )20
( .
( )14 ).
( )
( )12
.
()
()
( . ).
( :)
() ()
( )2
.
( )20.000.000
[]
.
( )
14
. 220007 . 11311
+966 )11( 477 4770 :
+966 )11( 211 7438 :
www.sambacapital.com :
IPO@sambacapital.com:
. 5561
114325
+966 )11( 211 9292 :
+966 )11( 211 9299 :
www.alrajhi-capital.com :
PR@alrajhi-capital.com :
: () ( )2
.
.
.
() ( ).
:2-
1436/01/18 ( 2014/11/11)
1436/01/24 ( 2014/11/17)
1436/01/09 ( 2014/11/02)
1436/01/24 ( 2014/11/17)
1436/01/20 ( 2014/11/13)
1436/02/02 ( 2014/11/24)
( )
1436/02/02 ( 2014/11/24)
.
.www.tadawul.com.sa
:
( )www.tadawul.com.sa (.)www.cma.org.sa
:
() : ( ) (
( )1 ) . .
.
() :
(
) .
.
:
( )1 .
( )2 ( ) .
( )17
. .
.
. ( ( )17
).
.
.
. 35
.
.
. )9(
1500 .
:
)1 .
.
)2 .
.
.
. 6 12
.
)3 .
.
.
)4 . ( )EPC
.
( )3-4 .
:
:3-
*%
( )
*%
( )
17.100.000
%38.0
171.000.000
11.970.000
%26.6
119.700.000
14.665.500
%32.6
146.655.000
10.265.850
%22.8
102.658.500
9.499.500
%21.1
94.995.000
6.649.650
%14.8
66.496.500
2.835.000
%6.3
28.350.000
1.984.500
%4.4
19.845.000
900.000
%2.0
9.000.000
630.000
%1.4
6.300.000
13.500.000
%30.0
135.000.000
45.000.000
%100.0
450.000.000
45.000.000
%100.0
450.000.000
:
*
%21^1
%38^0
%2^0
%6^3
%32^6
)(CG Power
)(CG Holdings
%49
%97^0
%3^0
%3^0
%51^0
%97^0
%51
%49^0
.
.
.
.
.
.
.
.
.
.
.
:
.1
.
.
.
.2
( )IEC ( )ANSI
.
.
.3
.
100
(.)MVA
( )CG Power
.
. 2013 .
.4
.
.5
(
( )2-13 ) ()CG Power
(
( )CG Power ( )2-2-13 ( ).
(( )Eaton ) .
( )Eaton ( )Automation
500 (.)Fortune 500
.
.6
.
. 12
:
.7
.
.
.
.
( )Shinhwa Trading Company .
( )EgyTec Projects Company .
( )CG Power
1982
. 11.444
11.593 14.260 2011 2012 2013 3.370 2.900
5.350 2011 2012 2013 .
.
.9
1985
. 1985
( )Schneider ()Hyundai Engineering Co. Ltd
( .)Schlumberger 2010 450
.
.
117 2011 206 2012 240 2013.
.10
.11
:
.
.
24.
.
.
35
52 2013( ( )3-3
).
.12
.
.14
20
.
.
.
.15
.
.
.
(( )ERAS ) ( )
.
1987
.
.
. 2014
2014.
.
%70 .
.
.
.
. :
()
25 %66
.
.
1.440
2010 2014.
300 2018
.
100
2010 2014 200.000
.
622 2023 1
:
247 2014 2017 18.000 ( )MW
234 20.000 .
375 2018 2023 22.000 ( )MW
260 30.000 .
2003 7
8-7 2023
:4-
( )
2011
2013
2012
31 2013
31 2014
1.062.700
1.285.258
305.080
346.752
962.088
()1.019.000
()229.992
()267.127
()762.864
()863.153
75.088
79.625
199.224
199.547
266.258
()12.982
()38.512
()41.071
()38.583
()9.089
()29.022
()35.736
()46.517
()11.294
()11.000
131.690
122.741
181.158
54.705
55.643
113.698
108.149
165.963
50.370
55.488
2.53
2.40
3.69
1.12
1.23
988.821
782.049
895.491
http://www.aleqt.com/2014/03/19/article_834585.html :
986.852
966.594
31 2013
31 2014
( )
2012
2011
2013
149.590
258.010
317.500
273.391
318.454
931.640
1.246.831
1.212.991
1.260.243
1.285.048
361.167
666.349
394.964
633.600
422.099
43.419
75.299
273.978
73.105
266.333
404.586
741.649
668.942
706.705
688.432
516.378
492.063
541.176
542.033
596.264
10.676
13.119
2.873
11.505
351
931.640
1.246.831
1.212.991
1.260.243
1.285.048
130.332
21.631
241.898
69.524
55.059
()119.856
()80.482
()20.181
()7.306
()182.909
201
()21.494
49.544
()9.945
( ) /
()124.558
131.410
()4.171
33.185
()10.133
37.620
%10.5
%20.9
%13.7
()%4.9
%53.5
%10.2
( )
147.2
137.7
201.5
59.0
63.5
%20.7
%18.8
%20.7
%24.6
%23.0
%15.3
%13.0
%15.7
%19.2
%17.6
%11.8
%10.2
%12.9
%16.5
%16.0
()
x2.2
x1.5
x3.3
%22.0
%22.0
%30.7
%12.2
%8.7
%13.7
:
* 45 .
.1 1
1 - 1
2 - 1
.2 5
1 - 2
2 - 2
14
3 - 2
15
.3 16
1 - 3
16
2 - 3
17
3 - 3
25
4 - 3
25
.429
1 - 4
29
2 - 4
30
3 - 4
30
4 - 4
33
5 - 4
33
6 - 4
37
7 - 4
47
8 - 4
48
9 - 4
54
.5 55
1 - 5
57
2 - 5
62
3 - 5
62
4 - 5
67
5 - 5
67
6 - 5
69
7 - 5
70
8 - 5
73
9 - 5
75
.6 77
1 - 6
77
2 - 6
77
3 - 6
77
4 - 6
78
5 - 6
80
6 - 6
98
7 - 6
123
8 - 6
124
9 - 6
128
132
2 - 7
140
3 - 7
150
4 - 7
151
5 - 7
153
.8 156
.9 157
.10 158
.11 159
.12 160
.13 161
1 - 13
161
2 - 13
168
3 - 13
213
4 - 13
214
.14 217
1 - 14
217
2 - 14
217
3 - 14
217
4 - 14
217
5 - 14
217
6 - 14
217
7 - 14
218
8 - 14
218
9 - 14
218
10 - 14
218
.15 219
1 - 15
219
2 - 15
219
.16 220
.17 221
1 - 17
221
2 - 17
223
3 - 17
225
4 - 17
225
5 - 17
225
6 - 17
225
7 - 17
226
8 - 17
226
.18 227
.19 228
:1-
:2-
:3-
:4-
:1-3 17
:2-3 17
:3-3 18
:4-3 18
:5-3 19
:6-3
20
:7-3 21
:8-3 25
:9-3 25
:10-3 26
:11-3 26
:12-3 27
:13-3 27
:14-3 28
:15-3 28
:1 30
:2 31
:1-4 31
:2-4 33
:3-4 33
(4-4) : 34
(4-4) : 34
:5-4 34
:3 2010 35
:6-4 36
:7-4 37
:8-4 38
:9-4 31 2013 38
:10-4 39
:11-4 40
:12-4 31 2013 41
:13-4 42
:14-4 31 2013 42
:15-4 %5 43
:16-4 46
:17-4 47
:18-4 48
:19-4 49
:20-4 %5 50
:5 51
:6 55
:1-5 55
:2-5 56
:3-5 57
:4-5 62
:5-5 66
:6-5 68
:7-5 69
:8-5 71
:9-5 2011 2012 2013 73
:10-5 73
:11-5 75
:1-6 2011 2013 80
:2-6 2011 201380
: 3-6 () 2011 2013 82
:4-6 2011 2013 83
:5-6 2011 2013 84
:6-6 2009 2013 86
:7-6 2011 2013 88
:8-6 2011 201389
:9-6 () 2011 201390
:10-6 2011 201391
:11-6 2011 2013 92
:12-6 2011 2013 94
:13-6 2011 2013 95
:14-6 2011 2013 96
:15-6 2011 2013 97
:16-6 2011 2013 98
:17-6 2011 201399
:18-6 2011 2013 100
:19-6 2011 2013 101
:20-6 2011 2013101
:21-6 2011 2013103
1.1
1 11 -1
( )45.000.000 ( )10
()ISO
( )13.500.000
[]
()
()CG Holdings
()CG Power
1436/01/18 ( 2014/11/11)
1436/01/24 ( 2014/11/17)
( )12
.
6
( )30/ 1424/6/2 ( 2003/7/31) 2012-36-1
1434/8/11 ( 2012/11/25)
2006/212/1
1427/10/21 ( 2006/11/12) 2010/10/1
1431/03/30 ( 2010/03/16) .
( )
( )
( )
()
:
.1
.
.2 .
.3
.
30/ 1424/6/2
( )6/ 1385/3/22
( )
()CAGR
1 11 -1
()KV
()KVA
( )Fuse
3.15 ()MVA
1.5 ()MVA
3 .
.
. 3.15
()MVA
. 3.15
()MVA
3.15 ( )MVA 20
()MVA
3.15 ()MVA
()ANSI
()American National Standards Institute
()IEC
( )NEMA
(.)International Electronical Commission
()National Electrical Manufacturers Association
()MVA
2.2
.
.
.
.
.
.
.
.
2 22 -2
2 22 -22 -2
.
%60 %70 %75 .
.
.
.
2 22 -22 -2
.
.
.
. 2012
%20.71 2011 %18.78 2012
%11.82 2011 %10.18 2012 .
.
. .
.
.
2 22 -22 -2
2007 68.227 2
.
( ) 6.3
.
.
.
2 22 -22 -2
5.5 15.4
%49 %51 98.5
2013 %51 .
2012 2013(
( )10-6-4( )7-6-4 " "( ) " ") .
4.3 %37.8
2014 29.5 %97.6
( ( )2-2-2-13 "
( )CG Power ( .)")SPTC
.
2 22 -22 -2
%77.7 %75.9 %72.7 2011 2012 2013 .
.
2 22 -22 -2
.
.
2 22 -22 -2
( )CG Power
( )Powell ()Eaton Electric
( )Cutler Hammer
( )Gustav
( )CG Holdings (
( )2-13 ) .
%30 .
.
.
2 2 2 -22 -2
.
( )Powell
( )Eaton Electric (( )Cutler Hammer ( )2-13
) .
.
.
.
2 2 2 -22 -2
. %52.6 %39.2 %48.7
2011 2012 2013 505
416 627 . %18.1
%19.5 %25.9 2011 2012 2013
174 208 333 .
.
1433/2/7 ( 2012/1/1) 2 .
2
http://www.se.com.sa/cservices/ar/News.aspx
3
. .
.
2 2 2 -22 -2
( )IEC
( .)ANSI
( )IEC ( .)ANSI
. )ISO 9001( 9001 )ISO 14001( 14001
( ( )13 ) .
3 .
. .
.
2 2 2 -22 -2
.
%6 .
.
.
.
2 2 2 -22 -2
.
.
(
( )5-2-13 ) .
.
http://www.alriyadh.com/695661
2 2 2 -22 -2
.
(
( )5-2-13 ) .
.
.
.
.
.
2 2 2 -22 -2
.
.
.
2 2 2 -22 -2
.
.
. .
.
.
2 2 2 -22 -2
.
.
2 2 2 -22 -2
.
6 12 .
.
.
.
2 2 2 -22 -2
.
.
.
2 2 2 -22 -2
(
( )6-2-13 ) .
.
.
.
2 2 2 -22 -2
.
%75 2013
311 %90
2014.
( )%10 ( )%15 ( )%65
( .)%10
.
.
. 2014/3/31
12.3 %2.8 %3.5
.
.
2 2 2 -22 -2
( ) .
( )ISO .
10
.
.
2 2 2 -22 -2
.
2014
.
.
.
.
.
2 2 2 -22 -2
.
.
2 2 2 -22 -2
. .
( )2.252.500.000
( )561.920.893
1435/6/30 ( 2014/3/31) ( ( )3-2-13
).
() .
.
.
.
.
.
. .
.
11
.
. .
.
.
.
. .
.
.
2 2 2 -22 -2
2014/3/31 ( )194.825.061
( ( )3-2-13
) .
.
.
2 2 2 -22 -2
.
1423/5/1 ( 2002/8/10) .
( 9-5 ).
.
2 2 2 -22 -2
.
. 303 %19.8 .
.
2 2 2 -22 -2
.
.
.
( ( )2-13
)
(( )Powell ) .
.
12
2 2 2 -22 -2
70
( ( )3-13( )4-13
) .
1435/6/15 ( 2014/4/15) .
.
2 2 2 -22 -2
.
.
(
) .
.
.
.
.
.
2 2 2 -22 -2
.
.
.
13
2 2 2 -22 -2
1433/11/27 ( 2012/10/13)
1433/10/23 ( 2012/9/10)
( ( )5-5 ).
.
.
2 22 -2
2 22 -22 -2
.
.
.
2 22 -22 -2
.
.
.
2 22 -22 -2
.
. .
2011 2012 2013 17.5 23.3 6.1 .
%1.8 %2.2 %0.5 .
.
.
14
2 22 -2
2 22 -22 -2
. .
.
.
2 22 -22 -2
.
. .
2 22 -22 -2
.
2 22 -22 -2
%70 .
.
.
2 22 -22 -2
.
2 22 -22 -2
.
.
15
3.3
(( )ERAS) ( )
.
1987 ( .
.)www.erasconsulting.eu
.
2013 .
3 33 -3
:
)1 .
.
)2 .
.
.
. 6 12
.
)3 .
.
.
)4 . ( )EPC
.
.
%70 .
.
.
16
:
:1-3
- ()V
110.000
115.000
132.000
230.000
380.000
4.160
11.000
13.800
33.000
34.500
110
208
231
400
480
( )IEC (.)ANSI
3 33 -3
3 33 -33 -3
2011
2012
2013
9.871
11.100
14.010
14.286
15.100
%11.2
8.098
9.823
10.524
11.276
11.277
%8.6
17.969
20.923
24.534
25.562
26.377
%10.1
20.179
23.826
26.197
25.423
25.424
%5.9
38.148
44.749
50.731
50.985
51.801
%7.9
()MVA
2009
17
:3-3
2009
2010
2011
2012
2013
23.336
26.241
33.121
33.773
35.698
%14.2
17.229
20.899
22.390
23.992
23.994
%8.6
40.565
47.140
55.511
57.765
59.692
%11.8
42.935
50.694
55.739
54.091
54.093
%5.9
83.499
97.834
111.250
111.856
113.785
%8.8
:4-3
2009
2010
2011
2012
2013
1.009
941
1.256
1.425
1.598
%12.2
829
833
945
1.125
1.193
%9.5
1.838
1.774
2.201
2.550
2.790
%11.0
2.066
2.018
2.348
2.535
2.689
%6.8
3.904
3.791
4.549
5.085
5.479
%8.8
3 33 -33 -3
2009 2011 .
2012.
2011 ( )CAGR
2009 2010 .
2009 2013 .%3.9 2013 1.283
1.189 .
.
(.)IEC
%60 .
( )ANSI %40 .
(.)ANSI
18
:
:5-3
2009
2010
2011
2012
2013
1.103
1.065
1.080
1.178
1.283
%3.9
1.016
998
1.016
1.099
1.189
%4.0
2.119
2.063
2.096
2.276
2.471
%3.9
3.259
3.150
3.169
3.390
3.630
%2.7
5.378
5.213
5.265
5.666
6.101
%3.2
3 33 -33 -3
. )1 :
)2 )3
.
.
.
.
.
3 33 -33 -3
%7 2003 2013 .
%6.5 %1.3
( 2013).
.
10
%50 20 . %55
.
19
:6-3
()
6-4
9-7
()%
0.5
1.9
4.0
50-47 46-44 43-41 40-37 36-34 33-31 30-28 27-25 24-22 21-19 18-16 15-13 12-10
50
7.7
11.3
10.8 15.0
11.2
9.3
6.2
5.9
4.2
3.6
3.8
0.5
2.2
4.2
.
:
()
25 %66
.
.
1.440
2010 2014.
300 2018
.
100
2010 2014 200.000
.
622 2023
4 :
247 2014 2017 18.000 ( )MW
234 20.000 .
375 2018 2023 22.000 ( )MW
260 30.000 .
2003 7 8-7
2023
.
.
http://www.aleqt.com/2014/03/19/article_834585.html :
20
:
:
.
.
%30 %40 %8 %10
.
:7-3
(
)
26.3
1.1
-
:
2.6
2013
-
MW 900
3.8
2013
2016
1.9
2013
2014
3.0
2013
2016
13.1
2013
2017
//
-
27.1
(Maaden/
Mosaic/
)Sabic JV
2013
2016
/-
:
1.9
/
(SABIC/
)Lucite JV
2014
2016
13.1
2014
2017
21
2012
2017
2013
2015
2016
(
)
3.8
2014
2018
2.3
2014
2017
(-)SHROUQ
1.9
()SHROUQ
2014
2017
-
:
1.1
2014
2016
- (IDEA
4.1
IDEA
2014
2016
Polysilicon
Company
(IPC) - Yanbu
&Polysilicon
Solar Wafer
)Plant
-
IGCC
37.5
2014
2016
- :
( )
2.4
2014
2016
6.4
2015
2018
9.4
2015
2018
( -)TASNEE
(
)
3.8
2015
2017
5.6
2015
2018
22
(
)
- 14
( :)PP14
6.6
2015
2018
-
:
11.3
2015
2019
7.5
2015
2020
2.8
2015
2017
-
:PP13
7.5
2015
2018
2.6
2015
2018
- :
1.3
2015
2017
- :
1.1
2015
2017
-:
1.1
2015
2017
/
-
3.8
2015
2018
- :
1.1
()
2015
2017
- :
3.8
2015
2018
5.6
2015
2018
-
(SEC-Duba IPP
)Expansion
2015
2018
12.4
23
(
)
2015
2018
11.3
2015
2018
2.8
2015
2018
4.9
2018
6.8
2015
4.9
2016
2018
6.8
2016
2019
4.9
2016
2019
1.9
2016
2019
- :
1.3
2016
2018
:
* 2013 2014.
.
.
2011 500.000
5 200.000 .
(
).
( )
.
http://www.alriyadh.com/770291 :
24
3 33 -3
3 33 -33 -3
. %52
2013 %8 .
.
:8-3
2009
2010
2011
2012
2013
%64
%75
%59
%56
%52
%10
%12
%1
%0
%8
%40
%45
%34
%32
%34
3 33 -33 -3
( )ANSI
%27 2013.
:9-3
*
2009
2010
2011
2012
2013
%20
%16.5
%19.8
%21.7
%26.9
:
* .
( )IEC
(.)ANSI
3 33 -3
.
3 33 -33 -3
. 3.15
( )MVA .
2013 .%52
.
.
100
(.)MVA
25
:
:10-3
3.15
()MVA
20-3.15
()MVA
20
()MVA
()IEC
()ANSI
()EIC
(CG
)Power
()ABB
()UTEC
()Metallic
:11-3
2013
()EIC
%52
()UTEC
%10
%10
%10
()ABB
%5
()Metallic
%5
%8
%100
3 33 -33 -3
.
.
( )ANSI
%40 .
26
:12-3
IEC
ANSI
()EIC
()APEP
()ABB
()SIEMENS
(Schneider
)Electric
:13-3
2013
()EIC
%20
()APEP
%15
()Schneider Electric
%15
()ABB
%9
()GE
%5
()SIEMENS
%5
%31
%100
3 33 -33 -33 -3
.
( .)ANSI
( )IEC
( )IEC .
27
:14-3
()EIC
()ABB
()ISCOSA
(General
Electric)MEELSA
()SIEMENS
:15-3
2013
()ABB
%26
%20
()EIC
%17
()ISCOSA
%17
%11
)SIEMENS(
%9
%100
28
4.4
4 44 -4
/198 1428/7/25 ( 2007/8/7)
2050056359 1428/8/22 ( 2007/9/4)
( )450.000.000 . :
.1 ( )
( )102.750.000 .
.
.2 ( )
( )64.000.000 .
.
2011
. 2010 .
%51 %49 . 2012
%49 .
( )6-4 .
.
( ( )5-4
)
.
.
( ( )9-4
).
( )13.500.000 ( )%30
. .
29
4 44 -4
:1
%21^1
%38^0
%2^0
%6^3
%32^6
)(CG Power
)(CG Holdings
%49
%97^0
%3^0
%3^0
%51^0
%97^0
%51
%49^0
4 44 -4
. 35
.
.
. )9(
1500 .
:
)1 : .
.
)2 .
.
.
.
6 12 .
)3 .
.
.
)4 . ()EPC
.
30
:2
Electrical Transformers
LV & MV Switchgears
Electrical Substations
Distribution Transformers
3 Phase Oil Filled
up to 3.15MVA
Unit Substations
up to 1.5MVA
LV Switch Racks
Special Transformers
Package Substations
up to 3.15MVA
Cable Bus
LV Electrical
Distribution Panels
Cable Tray
Bus Duct
:
:1-4
.
. 3.15 (.)MVA
()IEC
()ANSI
)1
)2
3.15 (.)MVA
()ANSI
) 1
) 2
. 3.15
(.)MVA
()ANSI
3.15 ( )MVA
20 ( )MVA
.
()IEC
()ANSI
31
20 ( )MVA 100
( )MVA
.
()IEC
()ANSI
.
3.15
(.)MVA
()IEC
) 1
) 2
.
1.5
(.)MVA
()IEC
) 1
) 2
( )Fuse
.
()ANSI
()IEC
) 1
) 2
()ANSI
()ANSI
()ANSI
()ANSI
()ANSI
()IEC
NEMA
()EPC
( )EPC
.
32
4 44 -4
:
:2-4
( )
( )
1428/5/26
( 2007/6/12)
2.000.000
1432/4/11
( 2011/3/16)
350.000.000
348.000.000
( )34.800.000 ()10
.
1435/5/9
( 2014/3/10)
450.000.000
100.000.000
70.000.000 30.000.000
4 44 -4
2005
. 1426/5/28 (
2005/7/5)
( )goodwill .
. :
:3-4
( 27 )
%54.3
%35.2
%10.5
%100
( 50 )
%95.0
%5.0
%100
2005/6/13
( )Ernst & Young :
) = 2001 2002 2003 6 11.5 ( %50
)
6 11.5
33
(4-4) :
( )
( )
/
2001
43.1
21.0
2002
34.8
7.1
2003
29.8
11.4
35.9
13.2
%50 ( 11.5 )
206.6
75.9
( )
( )
/
2001
100.2
77.7
2002
112.6
70.3
2003
117.0
84.2
109.9
77.4
%50 ( 2.5 )
137.4
96.8
:
)1 = 344.0 ( 206.6 137.4 + ) %66.6 .
)2 = 172.7 ( 75.9 96.8 + ) %33.4 .
%6.6
34.000.000 %40
.
:
:5-4
%38.0
%32.6
%21.1
%6.3
%2.0
%100
:
7 () () : 31 2001 2002 2003 31 2002 2003 2004
8 2.5
34
2007
.
.
2010
( )CG Power ( .)CG Holdings
%51 %49 .
2010:
:3 2010
%21^1
%49
%51
)(CG Power
%2^0
%38^0
%6^3
%32^6
)(CG Holdings
%51^0
%49^0
%95^0
%5
2011
. .
2011 ( )2.000.000 ( )350.000.000
( )34.800.000 ( )10
. 2012
.
2014/3/10 ( )350.000.000 ( )450.000.000
( )70.000.000 ( )30.000.000
.
35
%21^1
%38^0
%2^0
%6^3
%32^6
)(CG Power
)(CG Holdings
%49
%97^0
%3^0
%3^0
%51^0
%97^0
%51
%49^0
4 44 -44 -4
2005
.
.
:
.
.
.
.
:
:6-4
2005
2006
2006
2007
2007
2008
2008
36
4 44 -4
4 44 -44 -4
)1
)2
3.15
( )MVA :
3.15 ()MVA
3.15 (.)MVA
3.15 ( )MVA
.
1.5 ( .)MVA
.
( )IEC ( )ANSI
ISO 9001 1994.
.
:7-4
( )
( )
1398/2/22 ( 1978/2/1)
5.300.000
1400/8/9 ( 1980/6/22)
8.000.000
2.700.000
1411/3/25 ( 1990/10/14)
8.540.000
540.000
1419/11/27 ( 1999/3/26)
25.000.000
16.460.000
1422/8/22 ( 2001/11/8)
27.000.000
2.000.000
1430/1/2 ( 2008/12/30)
55.250.000
28.250.000
1430/8/10 ( 2009/8/1)
102.750.000
47.500.000
37
4 44 -44 -4
:
:8-4
1978
5.3
1980
( )Pauwels
8.0
1982
3.000
1992
5.100
2000
8.000
2001
( )Pauwels
2005
%40 %60
2006
( )CG Holdings
2007
11.151
2013
4.880
4 44 -44 -4
:
:9-4 31 2013
2013**
/ (*)2
()1
11.151 :
6.690 :
()MVA
11.151 :
5.439 : ()MVA
16.580 :
2
8.580 :
()2
3.600 :
3.477 :
8.225 :
4.600 :
()3
4.880 :
2.179 :
()MVA
3.577 :
2.440 :
(***)MVA
24.375 :
2
4.953 :
2
2
:
* ( )1( )3 ( )2 .
** .
4 44 -44 -4 ( )
.
:
)1
20 ( )MVA
3.15 ( .)MVA
20 (.)MVA
.
)2
.
( )ANSI 2011
( )IEC 2014
2014 .
( )IEC 2014.
)3
.
.
.
:10-4
( )
( )
1396/8/11 ( 1976/8/7)
2.441.475
1404/8/14 ( 1984/5/16)
4.247.500
1.806.025
1413/6/1 ( 1992/11/25)
8.600.000
4.352.500
2.352.500
2.000.000
1416/9/4 ( 1996/1/24)
10.000.000
1.400.000
1418/3/5 ( 1997/7/10)
11.300.000
1.300.000
1421/2/14 ( 2000/5/18)
30.000.000
18.700.000
1422/1/29 ( 2001/4/23)
50.000.000
20.000.000
1433/6/4 ( 2012/4/20)
64.000.000
14.000.000
39
4 44 -44 -4
:11-4
1976
( )Westinghouse .
%60 ( )Westinghouse %40 .
1978
()MP Husky
1979
()Westinghouse
1983
()Westinghouse
1988
( )Westinghouse
%60
1992
1993
(( )UNIBUS ( )1-2-13
)
1994
( )Eaton ( )Eaton
()Westinghouse
1995
2001
()MP Husky
.
2003
2005
%60 %40
2006
( )CG Holdings
2007
9.120
()MP Husky
2008
()Hensel
2010
2011
( )IEC
2013
2014
()IEC
40
4 44 -44 -4
. :
:12-4 31 2013
/
(*)2
()4
20
( )MVA
3.15
()MVA
9.120 :
5.472:
()MVA
8.801 :
3.867 :
()MVA
16.580 :
2
9.417 :
()5
3.000
2.821
24.375 :
2
4.100 :
()6
20.370 :
5.400 :
6.240 :
4.500 :
20.370 :
5.400 :
4.813 :
4.371 :
19.910 :
2
8.355:
()7
(
):
2.500.
(
)5.000 :
:
4.500
1.217 :
3.681 :
4.371:
16.000 :
2
7.200 :
()8
(
)
1.900.200
942.596
13.125 :
2
3.800 :
:
* ( )6
2.787 2 .
4 44 -44 -4
41
.
:13-4
( )
( )
1431/12/17 ( 2010/11/23)
22.500.000
1434/1/28 ( 2012/12/12)
30.200.000
7.700.000
7.700.000
4 44 -44 -4
:
:14-4 31 2013
()9
20
( )MVA 100
()MVA
100 :
5.000 :
()MVA
/
(*)2
10 :
250 :
()MVA
42.000 :
11.000 :
2
2
:
* ( )9 .
4 4 4 -44 -4 ( )
2010 %49
)Holdings %51 2012
( )CG Holdings
.
( )EPC
. 2012.
42
4 4 4 -44 -4
4 44 -4 4 -44 -4
.
4 44 -4 4 -44 -4
.
.
.
4 4 4 -44 -4
.
.
.
.
.
.
.
4 4 4 -44 -4
( )
2011 2012 2013:
:15-4 %5
2011
2012
2013
505.9
%52.6
416.3
%39.2
626.7
%48.8
174.1
%18.1
207.6
%19.5
333.0
%25.9
680
%70.7
623.9
%58.7
959.7
%74.7
4 4 4 -44 -4
.
:
.1
.
.
.
43
.2
( )IEC ( )ANSI
.
.
.3
.
100
(.)MVA
( )CG Power
.
. 2013 .
.4
.
.5
(
( )2-13 ) . ()CG Power
(
( )CG Power ( )2-2-13 ).
(( )Eaton ) .
( )Eaton ( )Automation
( )Eaton 500 (.)Fortune 500
.
.6
.
. 12
:
.7
.
.
.
.
( )Shinhwa Trading Company .
( )EgyTec Projects Company .
( )CG Power
1982
. 11.444
11.593 14.260 2011 2012 2013 3.370 2.900 5.350 2011
2012 2013 .
.
.9
1985
. 1985
( )Schneider ()Hyundai Engineering Co. Ltd
( .)Schlumberger 2010 450
.
.
117 2011 206 2012 240 2013.
.10
.11
:
.
.
24
.
.
.
35
45
52 2013( ( )3-3
).
.12
.
:16-4
AK Steel
12
Marubeni Itochu
16
Peter Cremer-Thyso
16
Samsung-Posco
10
Sumitomo- Nippon
20
Unisteel- Cogent
11
-
-
Samsung-Posco
20
Hadeed-Sabic
10
Al-Bawardi Steel
20
Sewedy
11
Essex
21
MKM
15
KME
11
Wieland
16
RMM
15
ODDO
Gindre
20
Oriental Copper
46
Gulf Chemicals
10
Chemetrade-Nynas
20
Appar
( - )
Schneider Electric
15
Lucy Switcher
12
.14
20
.
.
.
.15
.
.
.
4 44 -4
:
:17-4
( )
*%
17.100.000
%38.00
171.000.000
14.665.500
%32.59
146.655.000
10.265.850
9.499.500
%21.11
94.995.000
6.649.650
%14.78
2.835.000
%6.30
28.350.000
1.984.500
%4.41
( )
*%
11.970.000
%26.60
119.700.000
%22.81
102.658.500
66.496.500
19.845.000
900.000
%2.00
9.000.000
630.000
%1.40
6.300.000
%0.00
13.500.000
%30.0
135.000.000
45.000.000
%100.00
450.000.000
45.000.000
%100.0
450.000.000
:
*
47
4 44 -4
4 44 -44 -4
2050002622 1391/11/5
1971/12/23 ( )100.000.000 . 1971 .
.
.
.
.
( )Citizen ( )Canon ( )Samsonite ( )United Biscuits ( )Hero ( )Weetabix
( )Mattel ( )3M ( )Henkel ( )Eaton ( )Chrysler ( )Fiat ( )Philips ( )Motorola
( )Teco ( )Credit Suisse (.)RSA
. ( %38.0 )
.
:18-4
%20
%20
%20
%20
%20
%1.5
%20
%1.5
%20
%1.5
%10
%0.8
%10
%0.8
%20
%1.5
%50
%3.8
%10
%0.8
%20
%1.5
%10
%0.8
%10
%0.8
%40
%3.0
%40
%3.0
%20
%1.5
%60
%4.6
%20
%1.5
%20
%1.5
48
%20
%60
%4.6
%20
%1.5
%20
%1.5
:
*
4 44 -44 -4
%21.8
%4.6
%21.8
%4.6
%21.8
%4.6
%12.8
%2.7
%10.9
%2.3
%10.9
%2.3
:
*
49
4 44 -44 -4 %5
:20-4 %5
%38.0
17.100.000
%38.0
17.100.000
%32.6
14.665.500
%32.6
14.665.500
%21.1
9.499.500
%21.1
9.499.500
%6.3
2.835.000
%6.3
2.835.000
%3.8
133.000
%2.0
900.000
%5.8
1.033.000
:
*
4 44 -44 -4
. :
( :)IEC
( )IEC .
( )ANSI
( .)IEC ( )ANSI %40
( )IEC %60
.
( .)ANSI 2011 ( )IEC
2014
2014 . ( )IEC
2014.
( )Automation :
.
( )Automation
( )Building Management System ( )BMS
.
: 2014
6 .
.
:
17 3.000
() 8.750 2 4.750 2 ( ( ))2
.
2015 2015.
50
4 44 -44 -4
.
:5
)1
. .
.
)
.
.
.
.
51
.
)
.
. .
.
.
( )ISO .
)2
. .
.
.
.
)3 :
.
.
.
.
:
52
.
( )JD Edward .
. .
.
.
.
.
)4
:
.
.
)5
:
)6
2011 .
.
. .
.
53
.
4 44 -44 -4
( )
.
.
( .)EPC
.
( )EPC
.
(.)EPC
. .
.
.
.
.
.
.
.
.
. .
.
.
.
.
.
4 44 -44 -4
.
.
.
4 44 -4
.
. 45.000
50.000 .
( 4-2-13 ).
54
5.5
:6
( )8 1433/10/23 (
2012/9/10) .
:1-5
**
.1
67
.2
46
.3
43
/ /
***
***
%6.3
%4.4
2013/1/1
%4.6
%3.22
2013/10/6
%1.5
%1.1
2012/10/13
55
**
/ /
***
***
.4
40
2012/10/13
.5
43
%1.5
%1.1
2012/10/13
.6
61
2012/10/13
.7
45
2012/10/13
.8
70
2012/10/13
:
* 10.000 ( )
. .
** %21.1 %21.8
%38 %4 %38
%4
***
.
.
:2-5
43
48
53
42
43
44
41
56
:3-5
51
43
48
53
51
43
44
5 55 -5
:
67
2013/1/1
1973
2013
2012
2012
2008
2008
2007
2005
1990
2008 2012
2007 2013
2008 2012
1981 2012
2006 2012
2007 2011
1999 2010
- 2001 2006
1994 2001
- - 1994 2001
1993 1999
() 1993 1999
57
1995 1998
( ) - - 1978
1981
1976 1978
1974 1976
46
:
:
2013/10/6
1990
1992
2013
2000
2006
2013
2011
2010
- 2007
2006
2000
1996
() 1995
- 1994
1994
1993
2010 2013
2008 2013
132 1992 1993
43
:
:
2012/10/13
58
1995
1999
2012
2013
2013
2014
2014
2013
2011
2010
2010
2008
2006 2013
2005 2007
2006 2011
2002 2006
1999 2001
40
2012/10/13
1996
2012
2011
2007
2007
2005
2007 2011
2003 2005
1996 2002
59
43
2012/10/13
2012
2013
2013
2011
() 2008
2007
- 2002
- 2001
2013 2014
2010 2014
2007 2010
2006 2009
2002 2006
1996 2000
61
2012/10/13
1976
1981
2012
2013
2013
2004
1996 2004
1991 1996
1981 1991
60
45
2012/10/13
1992
2005
2012
2013
2013
2011
- 2011
2005
2010
2011
2008 2010
/ ()
2003 2005
2002 2003
1997 2002
1992 1996
70
2012/10/13
1975
1978
2012
2013
2013
2013
() 2013
2012
1976
1995 2011
61
5 55 -5
:
44
:
:
2013/5/1
1991
2007 2013
2002 2007
1994 2002
5 55 -5
5 55 -55 -5
.
. .
:4-5
.1
2014/4/1
48
.2
2013/4/1
53
.3
2013/4/1
42
.4
2011/2/26
39
.5
2013/4/1
48
.6
2012/5/26
47
.7
2013/4/1
42
.8
2010/7/15
43
.9
2007/6/20
58
62
5 55 -55 -5
:
48
2014/4/1
1989
:
:
2014
2014
2010 2014
2012 2013
2008 2010
2001 2008
1999 2001
1994 1999
1992 1994
1991 1992
1989 1991
53
2013/4/1
1983
:
:
2013
2010
2007 2013
2005 2007
1997 2005
1990 1997
1985 1990
1984 1985
1983 1984
63
42
2013/4/1
2012
1994
2013/6/17 -
:
:
2010
2007 2013.
2004 2007
2000 2004
1999 2000
1998 1999
1994 1998
39
2011/2/26
2003
1997
2006 2010
2005 2006
2002 2005
1998 2002
48
2013/4/1
1988.
64
2011 2013.
2007 2011
1996 2007
1989 1995
() 1988 1989
47
2012/5/26
1992
2009 2012
2005 2009
2003 2005
() 1995 2003
1993 1995
42
2013/4/1
1996
2008 2013
2004 2008
1999 2004
1997 1999
/ ( )IBM/ SBM 1996 1997
65
43
2010/7/15
1996
2008 2010
2003 2008
2000 2003
- 1997 2000
.
1996 1997
.
58
:
:
2007/6/20
- 1977
2002 2007
( )BHP Universal Metal Coating Co 1997 1999
1986 1997
1983 1986
- 1978 1983
5 55 -55 -5
.
.
:5-5
2011/5/11
66
44
5 55 -55 -5
:
44
2011/5/11
1993
2008 2011
() 2006 2008
2004 2006
2001 2004
1995 2001
1993 1995
5 55 -5
.
1435/6/15 2014/4/15 .
() ()
() () () () () () .
() ()
() . () () ()
.
1433/11/27 ( 2012/10/13)
.
() () ( )10
()
.
5 55 -5
5 55 -55 -5
1433/11/27 ( 2012/10/13) .
1433/10/23 ( 2012/9/10)
.
. :
67
.
.
.
.
.
.
.
.
.
:
:6-5
( )1-5 .
:
40
2012/10/13
1995
1996
42
2012/10/13
1989
1994
( )Chartered Management Accountant 1995
2008
68
5 55 -55 -5
1433/11/27 ( 2012/10/13) .
1433/10/23 ( 2012/9/10)
. :
.
.
.
.
.
.
.
:7-5
( )1-5 .
5 55 -5
:
( )8
.
.
(
( )3-13 ).
.
() .
.
69
5 55 -5
.
.
5 55 -55 -5
.
.
.
.
.
.
.
.
.
.
.
( )3
( )5 . 2013/1/1 10 2012 .
.
5 55 -55 -5
.
.
.
.
.
( )3
( )5 . 1433/10/23 ( 2012/9/10)
. .
5 55 -55 -5
.
.
.
.
.
70
.
.
.
.
.
2014/4/1 .
5 55 -55 -5
:
:8-5
.1
1435/6/11 (
2014/4/1)
.2
2013/4/1
1427/8/14 (
2006/9/7)
.3
2013/4/1
1427/8/14 (
2006/9/7)
.4
2011/2/26
1427/12/19 (
2007/1/9)
.5
2013/4/1
1427/9/4 (
2006/9/27)
.6
1433/7/5 (
2012/5/26)
.7
2013/4/1
1427/8/14 (
2006/9/7)
.8
2010/7/15
1421/1/3 (
2000/4/8)
.9
2007/6/20
1427/9/4 (
2006/9/27)
.
.
5 55 -55 -5
.
.
( )3-13
71
( 1-5 ).
.
.
.
5 55 -55 -5
( )69
. :
( )69( )70 ( )18 .
1435/6/15 ( 2014/4/15).
.
( )70 .
.
( )3-13
( )CG Power
.
5 55 -55 -5
. %5
.
22 2011 .
0.9 2011 1.6 2012 1.6
2013 . 2013 1.5 .
( )
2011 2012 2013 3.8 4.2 4.7 .
72
2011
( )
2013
( )
1.5
1.5
0.9
1.6
1.6
0.9
1.6
1.6
( )
2.8
3.2
3.9
1.0
1.0
0.8
3.8
4.2
4.7
5 55 -5
. 1529 2013/12/31 .
.
. 303 %19.8
. .
:10-5
31
2011
31
2012
31
2013
73
31
2011
40
32
39
12
138
79
16
170
268
31
2012
42
41
38
14
125
80
17
166
267
31
2013
41
58
56
15
270
97
18
328
448
31
2011
53
119
57
52
332
110
53
451
617
31
2012
49
116
59
51
365
108
52
481
643
31
2013
51
124
69
42
692
120
50
816
988
31
2011
31
2012
30
15
32
50
31
2013
11
49
20
52
78
31
2011
31
2012
31
2013
14
31
2011
93
151
98
67
470
191
72
621
892
31
2012
102
159
104
67
524
206
71
683
968
31
2013
106
11
185
134
63
1020
10
240
73
1205
1529
74
5 55 -5
()
. 1423/5/1
( 2002/8/10) 2013
.
.
. :
: .
%0 %7 .
: %7 %19
.
: .
%19 %34 .
:
. %34 .
%19.95 .
:
.
.
2.400 .
.
31 2011 2012 2013:
:11-5
**
***
****
31 2011
31 2012
31 2013
31 2011
%33.3
%50.63
%25.0
%18.82
%28.73
31 2012
%50.0
%52.5
%17.65
%24.7
%32.96
312013
%40.0
%42.27
%16.67
%17.68
%23.21
75
**
***
****
31 2011
%48.18
%1.89
%26.39
%28.04
31 2012
%45.37
%1.92
%24.12
%25.82
31 2013
%42.50
%16
%15.20
%18.52
31 2011
%50.0
%20
31 2012
%50.0
%53.33
%6.25
%22
31 2013
%33.33
%55.0
%5.77
%19.23
31 2011
31 2012
%100
%42.86
31 2013
%100
%19.23
31 2011
%25.0
%48.69
%6.94
%24.32
%28.14
31 2012
%37.50
%49.51
%5.63
%23.28
%27.69
31 2013
%30.0
%44.17
%14.86
%15.35
%19.95
:
* : .
** .
76
6.6
6 66 -6
31 2011 2012 2013 (.)Ernst & Young
( )Ernst & Young .
312011 2012
2013 .
( )2 .
6 66 -6
(.)SOCPA
.
.
( ) .
.
.
. ()3-2-13
( ).
6 66 -6
/198 1428/7/25 ( 2007/8/7)
2050056359 1428/8/22 ( 2007/9/4)
450 :
2050006007
1398/6/7 ( 1978/5/15) .
.
1976
2050004182 1396/8/19 ( 1976/8/15) .
.
2050073249
1431/12/21 ( 2010/11/28)
2013.
77
%49 .
:
( )1 ( )
( )2 ( )
( )3 ( )
.
.
. .
.
.
.
6 66 -6
( )SOCPA .
.
.
.
.
. .
.
.
78
:
:
.
.
.
%10
.
2013 .
. .
.
.
.
. .
79
6 66 -6
:1-6 2011 2013
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
2011 2013 -
( )
962.088
1.062.700
1.285.258
%10.5
%20.9
%15.6
()762.864
()863.153
()1.019.000
%13.1
%18.1
%15.6
199.224
199.547
266.258
%0.2
%33.4
%15.6
()38.512
()41.071
()38.583
%6.6
()%6.1
%0.1
()29.022
()35.736
()46.517
%23.1
%30.2
%26.6
131.690
122.741
181.158
()%6.8
%47.6
%17.3
1.152
1.548
4.379
%34.4
%182.9
%95.0
()10.349
()8.175
()11.180
()%21.0
%36.8
%3.9
174.357
()%5.2
%50.2
%19.3
()%43.5
%80.4
%50.9
%19.2
%661.4
%438.6
%57.9
%22.4
%41.5
%20.8
()
122.493
()168
116.113
()966
()545
%476.3
122.326
115.148
173.812
349
1.330
10.123
122.675
116.477
183.935
()%5.1
()17.972
()%7.2
%115.8
165.963
()%4.9
%53.5
()8.976
113.698
()8.329
108.149
()%5.9
%280.9
2012
2013
%10.5
%20.9
()%4.9
%53.5
( )
147.2
137.7
201.5
%20.7
%18.8
%20.7
%15.3
%13.0
%15.7
%11.8
%10.2
%12.9
()
x2.2
x1.5
x2.3
%22.0
%22.0
%30.7
%12.2
%8.7
%13.7
80
. %34.4 2012 1.1 2011 1.5 2012
.
%182.9 2013 1.5 2012 4.4 2013
4.1 2011 .
()
6 66 -66 -6
6 66 -66 -66 -6 ()
( )
2013
2012
%
2011 2012 -
%
2012 2013 -
2011 2013 -
553.292
627.391
719.123
%13.4
%14.6
%14.0
408.796
435.310
558.728
%6.5
%28.4
%16.9
7.407
962.088
1.062.700
1.285.258
%10.5
%20.9
%15.6
%57.5
%59.0
%56.0
%42.5
%41.0
%43.5
%0.6
2013 7.4 25
( )MVA (
( )3-13 ).
82
6 66 -66 -66 -6
( )
2013
2012
%
2011 2012 -
%
2012 2013 -
2011 2013 -
747.942
806.647
933.806
%7.8
%15.8
%11.7
176.789
207.054
287.312
%17.1
%38.8
%27.5
37.357
48.999
56.733
%31.2
%15.8
%23.2
7.407
%10.5
%20.9
%15.6
962.088
1.062.700
1.285.258
%77.7
%75.9
%72.7
%18.4
%19.5
%22.4
%3.9
%4.6
%4.4
%0.6
()MVA
()MVA
( )
8.520
9.942
11.147
87.8
81.1
83.8
83
%50
. 6 12 .
%31.2 2012 37.4 2011 49 2012
.
%15.8 2013 49 2012 56.7 2013
.
2013 7.4 25
( )MVA (
( )3-13 ).
6 66 -66 -66 -6
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
2011 2013 -
307.449
384.425
398.397
%25.0
%3.6
%13.8
367.506
308.818
434.434
()%16.0
%40.7
%8.7
74.147
115.461
103.389
%55.7
()%10.5
%18.1
()1.160
()2.056
()2.413
%77.3
%17.3
%44.2
747.942
806.647
933.806
%7.8
%15.8
%11.7
()MVA
3.456
5.011
4.942
%45.0
()%1.4
%19.6
4.355
3.775
5.440
()%13.3
%44.1
%11.8
710
1.157
765
%63.0
()%33.9
%3.8
(( )MVA)
8.520
9.942
11.147
%16.7
%12.1
%14.4
(( )MVA )
89.0
80.6
76.7
84
()%13.8
%5.1
()%4.8
( )
2011 2013 -
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
84.4
81.8
79.9
()%3.1
()%2.4
()%2.7
104.5
99.8
135.1
()%4.4
%35.4
%13.7
87.8
81.1
83.8
()%7.6
%3.3
()%2.3
%88.4
2011 2013.
.
%11.7 747.9 2011 933.8 2013.
(( )MVA)
2013 . ( )MVA 87.8 83.8
(( )MVA)
( )MVA
( )MVA .
85
( .)ANSI %55.7 2012 74.1 2011 115.5
2012
.
2013 %10.5 115.5 2012 103.4
2013 .
2009
2010
2011
2012
2013
20112013-
430.762
480.446
505.906
416.252
626.739
%11.3
166.697
93.180
174.108
207.635
332.967
%38.3
157.275
207.970
214.523
270.932
190.708
()%5.7
54.002
40.671
10.561
16.306
23.857
%50.3
808.736
822.267
905.098
911.125
1.174.271
%9.8
140.436
159.144
56.990
151.576
103.580
%34.8
949.173
981.411
962.088
1.062.700
1.277.851
%15.2
949.173
981.411
962.088
1.062.700
1.285.258
2009-
2010
2010 -
2011
2011 -
2012
2012 -
2013
7.407
%11.5
%5.3
()%17.7
%50.6
()%44.1
%86.9
%19.3
%60.4
%32.2
%3.2
%26.3
()%29.6
()%24.7
()%74.0
%54.4
%46.3
86
%15.6
2011
2012
2013
( )
2009
2010
%1.7
%10.1
%0.7
%28.9
%13.3
()%64.2
%166.0
()%31.7
%3.4
()%2.0
%10.5
%20.2
%10.5
%20.9
%3.4
()%2.0
20112013-
2013 %48.7
. %17.7 2012 505.9
2011 416.3 2012 87.8 81.1
( )MVA .
%50.6 2013 416.3 2012 626.7
2013
( )MVA 81.1 83.8 .
%11.5 2010 430.8 2009 480.4
2010
. %5.3 2011 480.5
2010 505.9 2011
.
%26 2013 .
%19.3
174.1 2011 207.6 2012
() () () .
%60.4 2013 207.6 2012 333
2013 .
2012 .
%44.1 2010 166.7 2009
93.2 2010 .
%86.9 2011 93.2 2010 174.1 2011 .
87
.
%26.3 214.5 2011 270.9 2012 (
56.4 )
.
%29.6 2013 270.9 2012 190.7
2013 .
. %166 57 2011
151.6 2012 89.8
14 .
%31.7 2013 151.6 2012 103.6 2013
45 .
%13.3 2010 140.4 2009 159.1 2010
.
%64.2 2011 159.1 2010 57.0 2011
.
. %54.4 10.6
2011 16.3 2012 ( ) .
2013 %46.3 16.3 2012 23.9 2013
()
() 2013.
6 66 -66 -6
( )
2013
2012
%
2011 2012 -
%
2012 2013 -
2011 2013 -
962.088
1.062.700
1.285.258
%10.5
%20.9
%15.6
611.051
696.886
808.307
%14.1
%16.0
%15.0
91.306
98.419
117.232
%7.8
%19.1
%13.3
12.491
11.783
10.790
()%5.7
()%8.4
()%7.1
48.015
56.065
66.697
%16.8
%19.0
%17.9
15.974
762.864
863.153
1.019.000
%13.2
%18.1
%15.6
199.225
199.547
266.258
%0.2
%33.4
%15.6
%63.5
%65.6
%62.9
88
2011
2012
2013
( )
%9.5
%9.3
%9.1
%1.3
%1.1
%0.8
%5.0
%5.3
%5.2
%20.7
%18.8
%20.7
%
2011 2012 -
%
2012 2013 -
2011 2013 -
.
%60 %70 .
%50 %60
.
%14 2012 611.1 2011 696.9 2012
. %63.5 2011 %65.6 2012
2012.
%16 2013 696.9 2012 808.3 2013
. %65.6 2012 %62.9 2013
2013
.
. %7.8 2012 91.3 2011 98.4
2012 2012 2011.
%19.1 2013 98.4 2012 117.2
2013 . %9.5 2011 %9.1 2013
.
2011
2012
2013
%
2011 2012-
%
2012 2013-
2011 2013-
26.127
27.825
42.771
%6.5
%53.7
%27.9
21.888
28.240
23.926
%29.0
()%15.3
%4.6
48.015
56.065
66.697
%16.8
%19.0
%17.9
89
( )
2011
2012
2013
%
2011 2012-
%
2012 2013-
361
370
849
%2.5
621
769
303
%23.8
()%60.6
982
1.139
1.152
%16.0
%1.1
2011 2013-
%129.5
%53.4
()%30.1
%8.3
.
. 2013 425
. 769 2012 303 2013 .
.
%16.8 2012 48 2011 56.1 2012
.
%19 2013 56.1 2012 66.7 2013
.
%5 %5.2 2011 2013.
6 66 -66 -6
6 66 -66 -66 -6 ()
2011
2013
2012
%
2011 2012 -
%
2012 2013 -
2011 2013-
110.804
135.900
183.281
%22.6
%34.9
%28.6
88.420
63.647
91.555
()%28.0
%43.8
%1.8
()8.578
199.224
199.547
266.258
%0.2
%33.4
%15.6
%20.0
%21.7
%25.5
%21.6
%14.6
%16.4
()%108.6
%20.7
%18.8
%20.7
90
. %21
2011 %17.4 2012 .
2013 %21.7 2012 %25.5 2013 )1 :
%22.4 2012 %26 2013
)2 %15.7 2012 %17.4 2013
2013 )3 %54 2012
%66.1 2013
.
2013 2013
. 8.6 2013.
6 66 -66 -66 -6
( )
2013
2012
%
2011 2012 -
%
2012 2013 -
2011 2013-
157.046
126.794
162.525
()%19.3
%28.2
%1.7
15.778
46.307
74.813
%193.5
%61.6
%117.7
26.399
26.447
37.487
%0.2
%41.7
%19.2
()8.566
199.224
199.547
266.258
%0.2
%33.4
%15.6
%21.0
%15.7
%17.4
%8.9
%22.4
%26.0
%70.7
%54.0
%66.1
()%115.7
%20.7
%18.8
%20.7
91
.
.
%70.7 2011 %54 2012
.
%54 2012 %66.1 2013 ( )
.
8.6 7.4
16
2013 .
2014.
6 66 -66 -6
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
2011 2013-
12.102
14.760
13.168
%22.0
()%10.8
%4.3
6.133
8.489
10.216
%38.4
%20.3
%29.1
6.739
8.181
8.546
%21.4
%4.5
%12.6
2.843
4.447
451
%56.4
()%89.9
()%60.2
4.126
1.922
3.001
()%53.4
%56.1
()%14.7
()
2.449
()3.178
()%130.6
()%324.3
4.120
4.021
6.379
()%2.4
%58.7
%24.4
38.512
41.071
38.583
%6.6
()%6.1
%0.1
()749
92
. %22 12.1
2011 14.8 2012
.
2012 . %50 %100
2012 .
2012 %10.8 14.8 2012 13.2 2013.
.
%21.4 6.7 2011 8.2 2012
.
%4.5 2012 8.2 2012 8.5 2013
2013 2012.
. %56.4 2.8
2011 4.4 2012
.
%89.9 2013 4.4 2012 0.5 2013
(
).
. %0.25
.
.
%53.4 4.1 2011 1.9 2012
.
2011 . %56.1 2013 1.9 2012 3.0
2013 .
93
(
2013 )
. %2.4 2012 4.1
2011 4 2012.
%58.7 2013 4 2012 6.4 2013
.
6 66 -66 -6
2012
2013
%
2011 2012 -
%
2012 2013 -
2011 2013-
( )
18.174
24.092
29.445
%32.6
%22.2
%27.3
2.517
3.680
7.559
%46.2
%105.4
%73.3
2.443
2.544
4.370
%4.1
%71.8
%33.7
5.887
5.420
5.143
()%7.9
()%5.1
()%6.5
29.022
35.736
46.517
%23.1
%30.2
%26.6
. %32.6
2012 18.2 2011 24.1 2012
2011 2012 ( 2.2 ) 2011 .
14 ( 2.2 ) .
2012 %5 .
2013 %22.2 24.1 2012 29.4 2013 .
4 .
94
. %46.2
2.5 2011 3.7 2012
.
%105.4 3.7 2012 7.6 2013
1 (
) 1.3 .
.
2012 %7.9 5.9 2011 5.4 2012
.
2013 %5.1 5.4 2012 5.1 2013
.
6 66 -66 -6
2011
2012
2013
()
99
4.181
1.051
580
101
990
1.152
1.548
%
2011 2012 -
%
2012 2013 -
2011 2013-
%550.0
()%44.8
()%82.9
()%69.3
()%880.2
4.379
%34.4
%182.9
%95.0
99
(
) . 2014.
2012 2011 2013 %182.9 1.5
2012 4.4 2013 4.2
4 2011 .
95
6 66 -66 -6
2012
2013
%
2011 2012 -
%
2012 2013 -
2011 2013-
( )
2.427
1.906
2.687
()%21.5
%41.0
%5.2
7.922
6.270
8.492
()%20.9
%35.5
%3.5
10.349
8.175
11.180
()%21.0
%36.8
%3.9
.
() . %49
. () 2012 %476.3 0.2
2011 1 2012
2012.
() %43.5 2013 1 2012 0.6
2013
2013
2013 .
6 66 -66 -6 /
/ %51 %49
( .)CG Power / %280.9 0.3
2011 1.3 2012
( .)CG Power / %661.4 1.3 2012 10.1
2013 ( )CG Power
2013 21 .
96
6 6 6 -66 -6
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
2011 2013-
14.937
12.743
9.451
()%14.7
()%25.8
()%20.5
8.976
8.330
17.972
()%7.2
%115.8
%41.5
()11.170
()11.622
()10.979
%4.0
()5.5%
()%0.9
12.743
9.451
16.444
()%25.8
%74.0
%13.6
. .
() 2012 . 2013
.
2013 2013.
2008 2010 .
2011 2012 .
2000 2001
351 . 2002 316 .
2003 2004 376 .
2003 2004 .
2005 2013 .
2014 2001 2.7
( )Pauwels %19
. 2002
( )Pauwels 439 .
.
( )Pauwels
625 2003 2004 .
.
( 625 )
.
97
20112012 2013
.
2012 %7.2 9 2011 8.3 2012
. 2013 %115.8 8.3 2012 18.0
2013 .
6 6 6 -66 -6
6 66 -6
:16-6 2011 2013
( )
2012
2011
2013
%
2011 2012 -
%
2012 2013 -
23.936
57.121
35.627
%138.6
()%37.6
330.343
451.068
426.561
%36.5
()%5.4
427.770
480.632
433.303
%12.4
()%9.8
782.049
988.821
895.491
%26.4
()%9.4
5.345
4.379
3.834
144.245
249.131
306.466
4.500
7.200
149.590
258.010
317.500
%72.5
931.640
1.246.831
1.212.991
%33.8
()%18.1
()%12.4
%72.7
%23.0
%60.0
%23.1
()%2.7
189.826
268.683
261.600
%41.5
()%2.6
25.972
24.274
10.995
()%6.5
()%54.7
132.626
363.941
83.000
%174.4
22.925
98
()%77.2
%
2011 2012 -
%
2012 2013 -
( )
2012
2011
2013
12.743
9.451
16.444
()%25.8
%74.0
361.167
666.349
394.964
%84.5
()%40.7
27.185
219.265
%706.6
43.419
48.114
54.713
%10.8
%13.7
43.419
75.299
273.978
%73.4
%263.9
404.586
741.649
668.942
%83.3
()%9.8
350.000
350.000
350.000
100.000
12.370
23.185
9.781
%87.4
()%57.8
24.008
64.878
46.395
%170.2
()%28.5
130.000
54.000
35.000
()%58.5
()%35.2
516.378
492.063
541.176
()%4.7
()%10.0
10.676
13.119
2.873
%22.9
()%78.1
527.054
505.182
544.049
()%4.1
%7.7
931.640
1.246.831
1.212.991
%33.8
()%2.7
6 66 -66 -6
2012
2013
%
2011 2012 -
%
2012 2013 -
( )
23.936
57.121
35.627
%138.6
()%37.6
%2.5
%5.4
%2.8
.
%138.6 2012 23.9 2011 57.1 2012
2012 20.5 7
20 .
%37.6 2013 57.1 2012 35.6 2013
14 .
99
6 66 -66 -6
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
280.344
406.097
374.515
%44.9
()%7.8
12.056
21.002
20.593
%74.2
()%1.9
2.150
5.182
7.909
%141.0
%52.6
2.644
3.547
4.447
%34.2
%25.4
23.087
3.198
7.563
()%86.1
%136.5
10.062
12.041
11.534
%19.7
()%4.2
427.770
480.632
433.303
%12.4
()%9.8
758.113
931.700
859.864
%22.9
()%7.7
86.704
139.652
109.941
%61.1
()%21.3
38.388
51.947
40.519
%35.3
()%22.0
28.095
41.759
56.255
%48.6
%34.7
36.613
28.322
42.894
()%22.6
%51.5
26
7.003
11.992
%26.834.6
%71.2
25.972
24.274
10.995
()%6.5
()%54.7
215.798
292.957
272.595
%35.8
()%7.0
542.315
638.742
587.269
%17.8
()%8.1
()
. 2012 %17.8 542.3 2011 638.7
2012 .
2013 %8.1 638.7 2012 587.3
2013
.
100
6 66 -66 -66 -6
2012
2013
%
2011 2012 -
%
2012 2013 -
( )
280.344
406.097
374.515
%44.9
()%7.8
12.056
21.002
20.593
%74.2
()%1.9
2.150
5.182
7.909
%141.0
%52.6
2.644
3.547
4.447
%34.2
%25.4
23.087
3.198
7.563
()%1.86
%136.5
10.062
12.041
11.534
%19.7
()%4.2
330.343
451.068
426.561
%36.5
()%5.4
( )
2012
2013
180 -1
229.605
%86.6
254.405
%86.8
222.875
%91.9
365 - 181
9.764
%3.7
15.276
%5.2
2.330
%1.0
730 - 365
5.914
%2.2
5.112
%1.7
1.924
%0.8
730
19.854
%7.5
18.322
%6.3
15.337
%6.3
265.137
%100.0
293.115
%100.0
242.466
%100.0
180 -1
73.802
%95.8
145.125
%97.4
148.385
%98.2
365 - 181
299
%0.4
1.699
%1.1
1.285
%0.9
730 - 365
480
%0.6
67
%0.04
66
%0.04
730
2.463
%3.2
2.166
%1.5
1.371
%0.9
77.044
%100.0
149.057
%100.0
151.107
%100.0
()45.985
()21.244
()7.405
296.195
420.928
386.168
129
134
125
:
*
.
.
%100 .
. .
101
.
120
60 90
.
:
( 12-6 )1 : ( %2
)
( 2-1 )2 : ( %10
)
( )3 : %100 .
%44.9 280.3 2011 406.1 2012
2012 100.2 2011.
2012
2011 134
2012 129
2012 .
%7.8 406.1 2012 374.5 2013
%39.2 2012 %48.8 2013
2012 125 2013
. 134
.
2013
110.4
.
.
%6.8 15.8 2011 14.8 2012
.
%27.6 14.8 2012 11.6
2013 3.1 2013
.
.
.
%74.2 2012 12.1 2011 21 2012
( .)3
2013.
( ) .
.
.
%52.6 2013 5.2 2012 7.9 2013
.
102
.
. %34.2 2012 2.6
2011 3.5 2012 .
%25.4 2013 3.5 2012 4.4 2013
.
.
%19.7 2012 10 2011 12 2012
.
%4.2 2013 12 2012 11.5 2013
4 2011 .
5 .
.
6 66 -66 -66 -6
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
254.203
269.804
288.543
%6.1
%6.9
58.413
64.117
65.616
%9.8
%2.3
72.729
102.811
62.441
%41.4
()%39.3
49.205
47.244
21.819
()%4.0
()%53.8
12.522
13.513
14.596
%7.9
%8.0
447.072
497.488
453.015
%11.3
()%8.9
()19.302
()16.856
()19.712
()%12.7
%16.9
427.770
480.632
433.303
%12.4
()%9.8
103
2012
2013
( )
180 -1
162.131
%63.8
168.097
%62.3
189.848
%65.8
365 - 181
24.940
%9.8
36.198
%13.4
31.244
%10.8
730 - 365
20.249
%8.0
16.050
%5.9
26.107
%9.0
730
46.884
%18.4
49.459
%18.3
41.344
%14.3
254.204
%100.0
269.804
%100.0
288.543
%100.0
196
192
164
:
*
.
.
.
.
() .
%6.1 2012 254.2 2011 269.8 2012
2012 .
%6.9 2013 269.8 2012 288.5
2013
2013.
. %9.8 2012
58.4 2011 64.1 2012
.
2013 .
:
%100
( %10.0 )
%15.0 %50.0
.
2011 2012 ( 196 2011 192
2012) . .
2013
2012 164
192
2012.
%12.7 19.3 2011 16.9 2012
.
%16.9 2013 16.9 2012 19.7
2013 2013 .
. 730
%50 21-6 .22-6
( )
. 2011 2012
2013 .
6 66 -66 -66 -6
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
86.704
139.652
109.941
%61.1
()%21.3
38.388
51.947
40.519
%35.3
()%22.0
28.095
41.759
56.255
%48.6
%34.7
36.613
28.322
42.894
()%22.6
%51.5
26
7.003
11.992
%26.834.6
%71.2
189.826
268.683
261.600
%41.5
()%2.6
( )Pauwels
2001 3.9 . 2.7 2014
2014.
%61.1 2012 86.7 2011 139.7 2012
.
%21.3 2013 139.7 2012 109.9 2013
.
.
60 90
105
2012 2012
2011 97
2012 88
2013 .
2012 2013.
.
%10 %20 . .
%35.3 38.4 2011 51.9 2012
2012 2013.
2013 %22.0 51.9 2012 40.5
2013
2012 .
. %48.6 28.1 2011 41.8
2012
( )CG Power .
2013 %34.7 41.8 2012 56.3
2013 )1( : ( 4.5 ) )2( ( 11.5 )
( )3 .
( )CG Power .
( )CG Power
. 7.5
.
%26.834.6 2012 26 2011 7 2012
( )CG Power .
2013 %71.2 7 2012 12 2013
( )CG Power
.
106
6 66 -66 -6
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
5.499
5.083
5.873
()%7.6
%15.5
2005
16.491
12.810
924
()%22.3
()%92.8
3.983
6.381
4.199
%60.2
()%34.2
25.972
24.274
10.995
()%6.5
()%54.7
.
%0.25 . 2011 2013 5.5
2011 5.9 2013 .
2005
2005 .
.
.
2012 2013.
2012 2005 %22.3 16.5 2011 12.8
2012 2005
.
2013 %92.8 12.8 2012 0.9
2013 11.9
2005 .
. 2013
.
. 2012
%60.2 4 2011 6.4 2012
.
2013 %34.2 6.4 2012 4.2 2013
.
107
6 66 -66 -6
2011
2012
1 -
14.937
12.743
9.451
8.976
8.329
17.972
()%7.2
()11.170
()11.622
()10.979
%4.0
()%5.5
12.743
9.451
16.444
()%25.8
%74.0
31 -
2013
%
2011 2012 -
%
2012 2013 -
()%14.7
()%25.8
%115.8
.
.
.
2012 %25.8 12.7 2011 9.4 2012
11.6 2012 8.3 .
2013 %74 9.4 2012 16.4 2013
2013
2013.
2013 18 11 .
28 2012
:
( )1 2007 2008.
( )2 2005.
( )3 2010.
( )4 .
( )5
.
.
108
6 66 -66 -6
().
2011 2012 2013:
:26-6 2011 2013
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
( )
144.245
249.131
306.466
%72.7
%23.0
4.500
7.200
%60.0
()
5.345
4.379
3.834
()%18.1
()%12.4
149.590
258.010
317.500
%72.5
%23.1
.
2012 2013:
:27-6 2012
( )
1 2012
13.375
79.205
31 2012
13.375
7.560
()4.829
10
81.945
33.414
10.246
()8.037
()45
35.580
6.282
1.010
1.628
()2.104
35
6.852
11.969
100.895
()19.434
17.948
111.378
144.245
101.908
()337
()14.970
()337
17.948
249.131
109
2012 2012
2013 2013
2013 17.9
2012 .
:28-6 2013
1 2013
( )
31 2013
26.907
40.282
58.770
5.768
134.964
56.093
9.922
()3.340
83.060
4.622
3.326
()168
9.266
38.894
()19.016
()3.508
306.466
13.375
81.945
17
35.580
1.439
()3.471
6.852
1.117
()168
111.378
73.909
249.131
76.482
()3.639
()146.392
-
13.375
13.375
40.282
%
2011 -
2012
-
%
2012 -
2013
%201.2
79.205
81.945
134.964
%3.5
%64.7
33.414
35.580
83.060
%6.5
%133.4
6.282
6.852
9.266
%9.1
%35.2
11.969
111.378
38.895
%830.6
()%65.1
144.245
249.131
306.466
%72.7
%23.0
2012
( 3 ) ( 6.3 )
( 2.5 ).
2013 %201.2 13.4 2012 40.3 2013
27 .
2012 1.6
2014.
110
. 2012
%830.6 12 111.4 74.2
16.5
3.1 .
2013 %65.1 111.4 2012 38.9
2013
2013 . 2013 14.8
6.5 17.5
9.7 4.1 .
111
.
. .
. :
:30-6
33 - 8
5
12 - 3
10 - 3
.
.
6 66 -66 -66 -6
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
4.500
7.200
%60.0
2011
2012
2013
5.513
5.345
4.379
()966
()168
4.379
5.345
()545
3.834
%
2011 2012 -
%
2012 2013 -
()%3.0
()%18.1
()%475.0
()%43.6
()%18.1
()%12.4
() %49.0 . 2012
%18.1 5.3 2011 4.4 2012
.
112
2011 2013
.
.
() .
.
.
2011 2013.
:33-6 2011 2013
( )
2011
2011
2012
2012
2013
2013
55.000
121.000
92.000
86.000
10.000
100.000
3.000
100.000
84.500
150.000
20.000
100.000
9.000
100.000
100.000
2.000
50.000
15.000
47.500
30.000
100.000
62.770
100.000
46.000
100.000
22.000
150.000
42.856
160.000
108.000
150.000
8.000
30.000
30.000
20.000
80.000
187.500
21.000
50.000
13.441
585.000
132.626
658.500
363.941
933.500
83.000
:
* : .
113
:34-6
100.000.000
100.000.000
100.000.000
100.000.000
16 6.962.891
111.406.250
111.406.250
16 6.962.891
111.406.250
111.406.250
200.000.000
200.000.000
200.000.000
200.000.000
203.193.750
203.193.750
2.25 . :
6 66 -66 -66 -6
100.000.000
6.758.000
2.757.335
8.000.000
100.000.000
30.000.000
20.000.000
150.000.000
()
2013/12/31
()
2013/12/31
114
75.000.000
50.000.000
65.000.000
50.000.000
205.000.000
205.000.000
205.000.000
20.000.000
160.000.000
160.000.000
160.000.000
17.333.333
122.500.000
122.500.000
77.000.000
77.000.000
1.350.000
50.000.000
50.000.000
5.000.000
25.000.000
75.000.000
25.237.142
50.000.000
10.000.000
35.000.000
30.459.805
65.000.000
50.000.000
2.000.000
30.000.000
2.500.000
13.084.960
30.000.000
20.000.000
5.000.000
40.000.000
15.000.000
7.125.263
17.000.000
5.732.500
2.000.000
20.000.000
20.000.000
19.000.000
1.000.000
()
2013/12/31
()
2013/12/31
115
40.000.000:
40.000.000 () 63.000.000
40.000.000
40.000.000
3.000.000
2.500.000
40.000.000
2.000.000
() 63.000.000
/ 5.000.000
50.000.000 :
50.000.000
50.000.000
5.000.000
20.000.000
20.000.000
70.000.000
70.000.000
214.500.000
214.500.000
214.500.000
225.500.000
225.500.000
225.500.000
50.000.000
50.000.000
50.000.000
40.000.000
6.053.005
23.000.000
2.000.000
5.000.000
3.000.000
25.000.000
30.002.438
13.626.822
37.000.000
55.000.000
75.000.000
8.000.000
5.000.000
25.000.000
19.827.661
10.581.499
12.000.000
273.534
45.000.000
55.000.000
75.000.000
50.000.000
()
2013/12/31
()
2013/12/31
116
100.000.000:
25.000.000
75.000.000
75.000.000
50.000.000
50.000.000
10.000.000
26.100.000 3.000.000
125.000.000:
125.000.000 125.000.000
125.000.000
125.000.000
125.000.000
125.000.000
50.000.000:
50.000.000 () 71.000.000
50.000.000
50.000.000
3.000.000
2.500.000
50.000.000
3.000.000
() 71.000.000
/ 5.000.000
145.000.000
145.000.000
110.050.000
%50
( )CG Holdings
110.050.000 %50
220.100.000
220.100.000
85.000.000
85.000.000
100.000.000
18.085.260
23.200.000
45.000.000
29.100.000
31.000.000
10.000.000
10.000.000
25.000.000
4.376.208
125.000.000
50.000.000
13.096.001
21.000.000
9.000.000
5.000.000
()
2013/12/31
()
2013/12/31
117
93.750.000:
93.750.000
93.750.000
93.750.000
75.000.000
93.750.000:
93.750.000
93.750.000
93.750.000
75.000.000
80.000.000:
5.000.000
50.000.000
60.000.000
45.000.000
12.500.000:
12.500.000
12.500.000
5.000.000
3.000.000
( )%51
()%49( )CG Power
93.750.000
93.750.000
93.750.000
93.750.000
132.890.000 ( )97%
4.110.000 ( )%3
137.000.000
%51
18.615.000
( )CG Power %49
17.885.000
36.500.000
2.252.500.000
56.900.000
575.411.985
22.171.700
10.000.000
44.990.000
93.750.000
11.000.000
1.900.830
93.750.000
57.000.000
19.072.022
80.000.000
24.000.000
24.000.000
12.500.000
()
2013/12/31
()
2013/12/31
118
6 66 -66 -6
2012
2013
%
2012
%
2013
( )
27.185
219.265
%100.0
%706.6
43.419
48.114
54.713
%10.8
%13.7
43.419
75.299
273.978
%73.4
%263.9
. 2012
%73 43 2011 75 2012
.
2013 %264 75.3 2012 274 2013
.
6 66 -66 -66 -6
2011
2012
2012
2013
2013
( )
50.000
50.000
100.000
100.000
29.100
27.185
29.100
23.200
39.000
24.000
24.000
56.900
44.990
68.000
27.185
260.000
242.190
()
.
150 :
50
. 16 ( 3.1 )
2014.
100
16 ( 3.5 )
2014.
2012
. 2012 27.2 .
.
4 . 15
2021.
119
( )
22.925
51.300
52.300
86.675
28.990
242.190
6 66 -66 -66 -6
2011
43.419
2012
48.114
2013
54.713
%
2011 2012 -
%10.8
%
2012 2013 -
%13.7
. %10.8 2012
43.4 2011 48.1 2012
892 2011 968 2012 .
%13.7 2013 48.1 2012 54.7
2013
968
2012 1.529 2013 425
.
6 66 -66 -66 -6
2012
2013
%
2011 2012 -
%
2012 2013 -
( )
350.000
350.000
350.000
100.000
12.370
23.185
9.781
%87.4
()%57.8
24.008
64.878
46.395
%170.2
()%28.5
130.000
54.000
35.000
()%58.5
()%35.2
10.676
13.119
2.873
%22.9
()%78.1
527.054
505.182
544.049
()%4.1
%7.7
120
.
%4.1 2012 527.1 2011 505.2 2012
130 2011 54 2012.
2013 %7.7 505.2 2012 544 2013
2013 100 .
100
2014/3/10.
121
6 66 -66 -6
6 66 -66 -66 -6
6 66 -66 -66 -66 -6
:40-6
2013
( )
260.000
23.525
236.475
31 2014
250.000
74.038
175.962
31 2015
215.000
55.697
159.303
30 2015
127.500
18.085
109.415
30 2014
99.500
25.943
73.557
6 2015
50.000
9.515
40.485
17 2014
137.000
19.072
117.928
17 2015
187.500
24.073
163.427
27 2014
50.000
274
49.726
31 2014
1.376.500
250.222
1.125.278
:
* : .
.
2013 1.376.5 250.2
.
. 79.9
2013 . :
:41-6 2013
2013
( )
20.625
26.250
4.875
10.500
17.625
79.875
122
69 .
()SIBOR
.
( )LIBOR 2013
20 ( 75 ) . 0.9 2013
. 2014.
( )Pauwels %19
( )Pauwels %19
2001 2.7
2001 .
6 66 -66 -66 -6
6 66 -6
( )CG Power
.
2011 2012 2013:
:42-6 2011 2013
( )
2011
2012
2013
%
2011 2012 -
%
2012 2013 -
14.573
2.520
7.501
26
19.362
()%82.7
%668.3
()%100
7.029
6.977
7.260
%26.734.6
%4.1
123
( )CG Power
7 7.3 2012 2013 .
( ( )1-2-6-6
( )3-2-6-6 ).
6 66 -6
:43-6 2011 2013
2011
( )
2013
2012
122.326
115.148
173.812
15.505
14.970
19.016
1.300
3.043
4.696
6.599
()
168
966
545
10.349
8.175
11.180
4.126
1.922
155.516
145.876
131
()13.279
199.304
22.112
()120.724
24.508
()35.167
()52.861
47.328
9.389
69.137
()7.083
151.850
41.428
264.056
()10.349
()8.175
()11.180
()11.170
()11.622
()10.979
130.332
21.631
241.898
()9.945
()119.856
()9.945
()4.000
()119.856
()76.482
()80.482
11.025
124
3.773
()124
2011
2012
2013
( )
215.005
()864
()1.600
17.061
258.500
()280.941
()56.584
()96.060
()130.000
()115.250
( ) /
()124.558
131.410
()182.909
()4.171
33.185
()21.494
16.632
23.936
57.121
11.475
23.936
57.121
35.627
2012
2013
( )
122.326
115.148
173.812
15.505
14.970
19.016
1.300
3.043
4.696
6.599
()
168
966
545
10.349
8.175
11.180
4.126
1.922
155.516
145.876
131
()13.279
199.304
22.112
()120.724
24.508
()35.167
()52.861
47.328
9.389
69.137
()7.083
151.850
41.428
264.056
()10.349
()8.175
()11.180
()11.170
()11.622
()10.979
130.332
21.631
241.898
125
()
.
%83.4 130.3 2011 21.6 2012
.
( )3.7 2011 ( )104.4 2012 :
() 2012 2012 100.2
2011 . 2012
() 2012 2012.
2013 %1.018.3 21.6 2012 241.9
2013 :
() 66.6
2013
() 24.5
() 47.3 .
:45-6 2011 2013
( )
2011
2012
2013
()9.945
()119.856
()76.482
()4.000
()9.945
()119.856
()80.482
.
2012 %1105.2 9.9 2011 119.8
2012 :
() 74.2 .
() 16.5 .
() ( )3 3.1 .
2013 %32.9 119.8 2012 80.4
2013 2013 :
() ( 15 )
() 9
() 40.5 .
4
2013 2021.
126
2011
2012
2013
( )
11.025
3.773
()864
()124
215.005
()1.600
17.061
258.500
()280.941
()56.584
()96.060
()130.000
()115.250
( ) /
()124.558
131.410
()182.909
/
.
2012 ( )124.6 2011
131.4 2013 .
2012
. 2012 130 2011.
2013 131.4
2012 ( )182.9 2013
( 280.9 ) 115 2013.
2011 .
2010 350 .
53.9 ( .
( )5-4 ) . 2012 2013.
2012 .
2012 2013.
( )%49( )CG Power .
2011 11
( )CG Power 22.5 2011 . 2012
3.8 ( )CG Power
( 7.7 ) .
2013 ( )124 .
96.1 2011 130 2012 115.3
2013.
127
6 66 -6
6 66 -66 -6
( )
2013
2012
408.796
435.310
558.728
()320.376
()371.662
()467.173
88.420
63.647
91.555
()11.583
()13.563
()16.508
()10.762
()13.064
()15.885
66.074
37.020
59.162
57.036
31.209
45.882
339.949
392.464
416.980
70.211
53.181
71.301
()
16.457
410.160
445.644
488.282
230.580
267.694
233.765
249.725
289.384
306.140
102.750
102.750
102.750
34.430
37.551
42.139
23.255
15.959
22.253
15.000
160.435
156.260
182.142
410.160
445.644
488.282
%6.5
%28.4
%45.3-
%47.0
( )
70.073
40.647
62.416
%21.6
%14.6
%16.4
128
( )
2011
2012
2013
%17.1
%9.3
%11.2
%14.0
%10.2
%12.9
()
1.5x
1.5x
1.8x
%35.6
%20.0
%25.2
%13.9
%7.0
%9.4
6 66 -66 -6
( )
2013
2012
553.292
627.391
719.123
()442.487
()491.491
()535.842
110.804
135.900
183.281
()26.911
()27.508
()22.074
()17.385
()19.694
()20.017
66.508
88.698
141.189
56.662
79.567
131.490
483.404
594.336
569.827
89.033
94.387
103.052
572.438
688.723
672.879
322.797
396.541
200.665
347.037
422.755
316.671
50.000
64.000
64.000
25.000
32.000
32.000
150.401
169.968
240.208
225.401
265.968
356.208
572.438
688.723
672.879
129
20.000
2012
2013
2011
( )
%13.4
%14.6
%40.4
%65.3
( )
77.933
88.709
153.121
%20.0
%21.7
%25.5
%14.1
%14.1
%21.3
%10.2
%12.7
%18.3
x1.5
x1.5
x2.8
%25.1
%29.9
%36.9
%9.9
%11.6
%19.5
()
6 66 -66 -6
2011
2012
2013
7.896
()16.474
()8.578
()908
()3.241
()10.240
()908
()3.241
()20.118
()712
()2.966
()21.584
21.604
14.642
16.966
221
1.104
105.205
90.560
21.825
110.806
125.770
283
62.966
39.113
315
84.526
121.111
22.500
30.200
30.200
130
2011
( )
2012
()990
2013
()3.956
()25.540
21.510
26.244
4.660
21.825
110.806
125.770
\()
( )
()3.145
()907
()17.331
\()
()
()
x76.3
x0.2
x0.4
131
7.7
31 2013 2014
7 77 -7
:1-7 31 2013 2014
31
( )
2013
2014
305.080
346.752
%13.7
()229.992
()267.127
%16.1
75.088
79.625
%6.0
()9.089
()12.982
%42.8
()11.294
()11.000
()%2.6
54.705
55.643
%1.7
1.933
()%7.2
%6.1
()65
()2.794
()2.592
51.846
54.984
()
()406
()416
%
2013 2014 -
()%2.4
51.430
54.578
%6.1
1.491
2.068
%38.7
52.921
56.646
%7.0
()2.551
()1.158
()%54.6
50.370
55.488
%10.2
2013
2014
%13.7
%10.2
( )
59.0
63.5
%24.6
%23.0
%19.2
%17.6
132
31
2013
2014
%16.5
()
%16.0
x2.3
x1.6
%9.3
%9.3
%4.0
%4.3
7 77 -77 -7
7 77 -77 -77 -7 ()
( )
2013
2014
%
2013 2014 -
172.804
192.204
%11.2
132.277
152.908
%15.6
305.080
1.640
346.752
%13.7
133
7 77 -77 -77 -7
( )
2013
2014
%
2013 2014 -
234.194
252.574
%7.8
59.389
75.849
%27.7
11.497
16.689
%45.2
1.640
305.080
346.752
%13.7
134
7 77 -77 -77 -7
( )
2013
2014
%
2013 2014 -
103.314
126.715
%22.7
95.978
110.393
%15.0
35.952
15.752
()%56.2
()1.050
234.194
()285
252.574
()%72.8
%7.8
%93.9
31 2014.
135
7 77 -77 -77 -7
( )
2013
2014
%
2013 2014 -
117.659
224.895
%91.1
65.922
86.124
%30.6
78.823
23.214
()%70.5
4.579
8.830
%92.8
266.983
343.063
%28.5
38.097
2.049
305.080
345.112
305.080
1.640
346.752
()%94.6
%13.1
%13.7
31 2014 %64.9 .
31 %91.1 117.7 2013 224.9
2014
.
%24.8 .
31 %30.6 65.9 2013 86.1
2014 () 2013
15 .
136
7 77 -77 -7
7 77 -77 -77 -7 ()
( )
2013
2014
%
2013 2014 -
50.088
51.487
%2.8
25.229
29.302
%16.1
()1.163
%410.0
()228
75.088
79.625
%6.0
%29.2
%26.7
%19.1
%19.2
()%70.9
%24.6
%23.0
1.2 %70.9 31
2014 .
2014.
137
7 77 -77 -77 -7
( )
2013
2014
%
2013 2014 -
49.156
48.264
()%1.8
18.454
22.351
%21.1
7.707
10.173
%32.0
()1.163
%410.0
()228
75.088
79.625
%6.0
%21.0
%19.1
%31.1
%29.5
%67.0
%61.0
()%70.9
%24.6
%23.0
138
.
. 2013
31 2013 1.7 . 601
31 2014
.
7 77 -77 -7
31 2014 1.9 65
31 2013 . 2.1
4 2011 . .
7 77 -77 -7
/ 31 %38.7 1.5
2013 2.1 2014 2013
4.2 2014.
7 77 -77 -7
( )
2013
2014
%
2013 2014 -
9.451
16.444
%74.0
2.551
1.158
()%54.6
12.002
17.602
%46.7
139
7 77 -77 -7
7 77 -7
:10-7 31 2013 2014
31
( )
2013
2014
%
20132014-
106.665
73.248
()%31.3
429.714
476.901
%11.0
450.472
416.446
()%7.6
986.852
966.594
()%2.1
()%13.5
3.963
3.428
262.196
306.370
%16.8
7.231
8.656
%19.7
273.391
318.454
%16.5
1.260.243
1.285.048
%2.0
236.038
283.750
%20.2
18.110
18.095
()%0.1
367.450
71.801
()%80.5
30.850
12.002
17.602
%46.7
633.600
422.099
()%33.4
24.000
212.859
%786.9
49.105
53.474
%8.9
73.105
266.333
%264.3
706.705
688.432
140
()%2.6
31
( )
2013
2014
%
20132014-
350.000
450.000
-
%28.6
-
23.185
9.781
()%57.8
114.848
101.483
()%11.6
54.000
35.000
()%35.2
542.033
596.264
%10.0
11.505
351
553.538
596.616
%7.8
1.260.243
1.285.048
%2.0
()%96.9
7 77 -77 -7
( )
2013
2014
%
20132014-
376.139
418.897
%11.4
19.572
21.719
%11.0
7.537
6.532
()%13.3
4.055
4.656
%14.8
5.286
6.211
%17.5
141
31
( )
2013
2014
%
20132014-
17.125
18.886
%10.3
429.714
476.901
%11.0
142
7 77 -77 -77 -7
( )
2013
2014
270.991
265.910
()%1.9
57.227
52.521
()%8.2
77.803
77.245
()%0.7
44.101
31.244
()%29.2
14.027
14.237
%1.5
464.149
441.158
()%5.0
()13.676
()24.712
%80.7
450.472
416.446
()%7.6
%
20132014-
( )
%
20132014-
2013
2014
111.176
120.446
%8.3
45.335
35.472
()%21.8
48.759
67.760
%39.0
16.870
49.151
%191.4
13.898
10.921
()%21.4
236.038
283.750
%20.2
143
( )
2013
2014
%
20132014-
13.375
40.282
%201.2
82.044
133.395
%62.6
34.975
82.000
%134.5
126.226
43.489
()%65.5
5.576
7.204
%29.2
262.196
306.370
%16.8
144
31 %62.6 82
2013 133.4 2014
( 47 )
( )3 .
31 %134.5 35 2013 82
2014 ( 34.5
) ( .)3
31 2014.
:15-7 31 2013 2014
( )
31
2013
2013
2014
2014
86.000
95.185
86.000
10.000
150.000
77.433
150.000
18.035
100.000
60.734
100.000
9.000
30.000
30.000
100.000
43.000
100.000
5.000
150.000
81.098
150.000
8.766
80.000
10.000
80.000
187.500
187.500
21.000
50.000
50.000
933.500
367.450
933.500
71.801
:
* : .
145
2.25 .
:
:16-7
() () 31
2014
312014
300.000.000
116.458.771
77.000.000
7.105.753
122.500.000
12.776.944
160.000.000
52.468.400
205.000.000
74.865.943
50.000.000
205.000.000
31.452.994
195.000.000
34.083.841
70.000.000
3.977.714
85.000.000
24.074.292
220.100.000
35.120.000
181.500.000
42.160.847
137.000.000
16.622.707
93.750.000
27.747.497
93.750.000
35.046.190
56.900.000
47.959.000
2.252.500.000
561.920.893
:
:34-6 ( )16-1-6
.
146
7 77 -77 -7
( )
2013
2013
2014
2014
50.000
50.000
100.000
100.000
29.100
21.750
24.000
24.000
24.000
24.000
56.900
47.959
24.000
24.000
260.000
243.709
( )
30.850
51.300
52.300
86.675
22.584
243.709
7 77 -77 -77 -7
147
7 77 -77 -77 -7
( )
2013
2014
%
20132014-
350.000
450.000
%28.6
23.185
9.781
()%57.8
114.848
101.483
()%11.6
54.000
35.000
()%35.2
11.505
351
()%96.9
553.538
596.616
%7.8
31 2014 %7.8 .
100
2014/3/10.
31 2014 35
2013.
148
7 77 -77 -7
7 77 -77 -77 -7
7 77 -77 -77 -77 -7
:20-7 31
2014
( )
260.000
31.422
228.578
31 2014
250.000
47.503
202.497
31 2015
215.000
68.334
146.666
30 2015
127.500
18.161
109.339
30 2014
99.500
14.883
84.617
6 2015
50.000
7.693
42.307
17 2014
137.000
16.623
120.377
17 2015
187.500
41.794
145.706
27 2014
50.000
50.000
31 2014
1.376.500
246.412
1.130.088
:
* : .
. 74.3
2014 . :
:21-7 31 2014
31 2014
( )
15.016
26.278
4.880
10.511
17.644
74.329
79 .
149
7 77 -77 -77 -7
7 77 -7
( )CG Power
.
31 2013 2014:
:22-7 31 2013 2014
( )
31
2013
2014
%
20132014-
%4.4
3.936
4.111
6.406
5.885
()%8.1
7.321
4.882
()%33.3
. .2014
31 %8.1 6.4 2013 5.9
2014 .
150
7 77 -7
:23-7 31 2013 2014
31
( )
2013
2014
51.430
54.578
3.868
5.319
516
626
991
()
416
406
2.794
2.592
()1.239
()6.164
53.851
()711
61.573
21.354
()50.340
30.159
16.858
()33.046
29.561
72.319
57.651
()2.794
()2.592
69.524
55.059
()20.181
()7.306
()20.181
()7.306
()124
()453
3.509
()3.185
151
1.519
()11.199
-
31
( )
2013
2014
()10.133
( ) /
201
49.544
37.620
57.121
35.627
106.665
73.248
152
7 77 -7
7 77 -77 -7
31 2013 2014
:24-7 31 2013 2014
31
( )
2013
2014
%
20132014-
132.277
152.908
%15.6
()107.418
()123.665
%15.1
24.858
29.243
%17.6
()4.126
()4.786
%16.0
()3.286
()3.516
%7.0
()2.285
()1.548
()%32.3
15.162
19.394
%27.9
( )
2013
2014
447.286
464.799
%3.9
60.040
70.283
%17.1
507.325
535.082
%5.5
298.683
264.879
()%11.3
22.220
68.667
%209.0
320.903
333.546
%3.9
102.750
102.750
37.551
42.139
%13.8
31.121
41.647
%33.8
15.000
15.000
186.422
201.536
%8.1
507.325
535.082
%5.5
153
%
20132014-
7 77 -77 -7
31 2013 2014
:26-7 31 2013 2014
31
( )
2013
2014
172.804
192.204
()122.345
()140.658
%15.0
50.459
51.545
%2.2
()4.531
()5.333
%17.7
()5.803
()7.926
%36.6
()2.820
37.304
542
38.828
%
20132014-
%11.2
%4.1
( )
2013
2014
594.933
621.967
%4.5
96.411
106.883
%10.9
691.343
728.851
%5.4
322.396
224.715
()%30.3
26.675
109.100
%309.0
349.071
333.815
64.000
64.000
32.000
32.000
226.273
279.036
%23.3
20.000
20.000
342.273
395.036
%15.4
691.343
728.851
%5.4
154
%
20132014-
()%4.4
7 77 -77 -7
31 2013 2014
:28-7 31 2013 2014
31
( )
2013
2014
%
20132014-
1.640
()228
()2.803
%1.129.4
()228
()1.163
%410.0
()2.637
()2.151
%18.4
()270
()177
()637
%259.7
()3.042
()4.221
%38.7
( )
2013
2014
%
20132014-
29.677
14.440
()%51.3
103.315
110.953
%7.4
132.992
125.393
()%5.7
86.990
36.388
()%58.2
24.211
88.566
%265.8
111.201
124.954
%12.4
30.200
30.200
()8.408
()29.761
%254.0
21.791
439
()%98.0
132.992
125.393
()%5.7
155
8.8
.
:
( )%10
( ) %5
%5
.
:1-8
2011
( )
2012
( )
2013
( )
2014
( )
130.000.000
54.000.000
* 96.250.000
** 50.000.000
96.059.905
130.000.000
115.250.000
113.698.150
108.148.789
165.962.977
55.488.318
%114.3
%49.9
%57.9
%90.1
:
* 61.250.000 2013/10/6 2014/3/2 35.000.000
2013 96.250.000 .
** 1435/7/20 ( 2014/5/19) 2014 50
2014.
156
9.9
31 2011 2012 2013
( ( )19
).
:1-9
-
2012
2011
391.125.752
132.625.688
2013
325.190.000
2014/3/31
315.510.338
350.000.000
350.000.000
-
350.000.000
450.000.000
-
100.000.000
12.369.815
23.184.694
9.780.992
9.780.992
24.007.960
64.878.311
46.394.990
101.483.308
130.000.000
54.000.000
35.000.000
35.000.000
10.675.990
13.119.443
2.873.002
351.321
527.053.765
505.182.448
544.048.984
596.615.621
( + +
)
659.679.453
896.308.200
869.238.984
912.125.959
%20.1
%43.6
%38.4
%34.6
157
1010
[] ( )20.000.000
.
. .
.
[]
158
1111
(( )ERAS)
( ) 1987
30.
.
.
159
1212
:
( )12 .
.
.
( )1-5 ( )3-13
.
.
.
( )3-13
( 1-5 ).
2011/12/31 2012 2013
(( )Ernst & Young )
( )SOCPA .
12 .
.
.
.
.
.
.
( )SOCPA .
.
.
160
1313
1 113 13
1 113 113 13
.
1 113 113 13
:
.1 ( )
.2 () ( ).
.3 :
( ) ()
.
.4 .
.
1 113 113 13
.
1 113 113 13
( )99
( )1 .
1 113 113 13
( )450.000.000 ( )45.000.000
( )10 .
1 113 113 13
( )45.000.000 ( )%100
( )450.000.000 .
1 113 113 13
161
.
.
1 113 113 13
.
1 113 113 13
.
.
1 1313 113 13
.
15
.
1 1313 113 13
.
( )60
.
1 1313 113 13
( )8 ( )3 .
1 1313 113 13
( )10.000
( )30
( )76
.
162
1 1313 113 13
.
.
1 1313 113 13
.
:
-1 .
-2 .
-3 .
-4 .
:
. .
. .
. .
.
:
-1 %50 .
-2 .
-3 .
.
163
1 1313 113 13
( ( )7-7-5
)
.
(
) .
.
.
1 1313 113 13 / /
.
.
:
.1 .
.2 .
.3 .
.4 .
.5
.
.6 .
.
/ .
.
.
.
.
1 1313 113 13
( )15
. ( )2 .
1 1313 113 13
:
.1 .
.2 .
.3 .
.
.
164
1 1313 113 13
.
1 1313 113 13
.
1 1313 113 13
( )20
.
1 1313 113 13
( )6 . .
1 1313 113 13
.
1 1313 113 13
( )3 ( )%5
( )25
.
1 1313 113 13
( )30
( ( )24-1-13
) .
165
1 1313 113 13
25-1-13
.
1 1313 113 13
.
.
.
1 1313 113 13
.
.
1 1313 113 13
.
.
1 1313 113 13
.
.
1 1313 113 13
.
1 1313 113 13
.
.
1 1313 113 13
31 .
166
1 1313 113 13
.
.
( )25
( )25 .
1 1313 113 13
:
.1 ( )%10
.2
.3 ( ) %5
.4 %5
. .
1 1313 113 13
.
1 1313 113 13
( )%75
( )6 .
1 1313 113 13
.
1 1313 113 13
.
.
1 1313 113 13
%50
:
%5
.
167
.
.
1 113 13
.
.
.
.
( 9-1-2
26-1-2 ) .
:
1 113 113 13
.
)1
( )Cutler Hammer
.
.
)2 (Powell Electrical Manufacturing
( )Company ())Powell
( )Powell ( )PowlVac
( )UNIBUS .
( )Powell %3
( )Powell .
168
( )Powell
( )Powell
.
( )PowlVac ( )UNIBUS ()Powell
( )Powell ( )PowlVac ( )UNIBUS
.
90 .
.
)3 (Gustav Hensel GmbH & Co.
( )KG ())Gustav
( )Gustav
( )LVD . :
( )10.000.
%2.5 ( )1.000.000
1.5 ( )1.000.000.
( )Gustav .
( )LVD
.
10 1439/4/16 ( 2018/1/3) .
. .
169
( )1 ( )2
( )LVD ( )3
( )Gustav .
( )Gustav
. ( .)Gustav
(
6-1-2 )
.
) 4 ( ).Pauwels Trafo Belgium N. V ( )Pauwels
( )Pauwels
.
( )Pauwels ()150.000
%1.5 .
( )Pauwels
(.)Pauwels
( )Pauwels
( )Pauwels
(.)Pauwels
( )Pauwels ( )know-how
. ( )Pauwels
.
170
90
.
.
)5
1432/12/3 ( 2011/10/31)
.
.
.
.
( )1 ( )2 ( )3
()4
90 .
.
.
)6
171
( )3 Phase Design
.
( )3 Phase Design .
( )3 Phase Design
( )3 Phase Design 15 .
:
( )1 : ( )25.000
( )2 : ( )64.000
( )3 : ( )45 (.)3 Phase Design
(.)3 Phase Design
( )4 : ( )4.000
( )4 .
.
2015 .
( )3 Phase Design .
( )3 Phase Design 30
( )3 Phase Design .
30 .
.
.
.
.
)7 (" )Elmecon
(")Elmecon
( )Elmecon
. ( )Elmecon
.
172
( )Elmecon .
15 . :
( )1 ( )19.000
( )2 ( )38.000
( )3 ( )38.000
( )4 ( )38.000
( )5 .
( )6 .
( )190.000
.
2016 .
( )Elmecon .
( )Elmecon 30
( )Elmecon .
30 .
.
.
. .
.
)8 ( )Hyundai Heavy Industries ()Hyundai
( )Hyundai .
( )Hyundai ( )Hyundai
( .)Hyundai .
( )Hyundai . :
() 150 2012
() 300 2013
() 500 2014
() 600 2015
() 800 2016
173
%50
( )Hyundai ( )Hyundai
.
( )Hyundai
. 90 .
2013/4/30 .
8
60 .
60
. ( )Hyundai
5.
.
)9 ( )Hyundai Heavy Industries
()Hyundai
( )Hyundai
.
.
90 . 1434/6/20 ( 2013/4/30) .
%10 .
6
60
60
.
.
174
.
) 10()ABBElectricalIndustriesCompany
()ABB
.
(.)ABB
)1( :
)2( ( )ABB %50
( )1.000.000 )3( ( )ABB
.
30 .
.
( )ABB .
( )1.000.000
( )500.000 . ( )ABB
( .)ABB
%30 .
175
)11
)1( :
)2(
( )3( )Rebate
.
)1( :
60 )2(
)3(
. ( )Post Glover Resistors
.
( )Post Glover Resistors .
.
1 113 113 13
1 113 113 113 13 ()CG Holdings
176
( )CG Holdings
.
.
2013/5/20 %51 (CG
)Holdings %49 .
( )CG Holdings
.
( .)CG Holdings ()CG Holdings
.
. ( )CG Holdings
.
:
( )1
( )2 ( )CG Holdings
( )3
.
( ).
( )33 .
.
. ( )CG Holdings
.
( 9-1-2
).
177
( )
.
( ).
%100 .
%75
%125
.
.
( )1
( ) (
) (
) ( )2 ( )3 ( )4
120
.
.
.
.
1 113 113 113 13 ( )CG Power
()SPTC
178
( .)CG Power
.
. .
:
( )1
(
)
( )2 ( )CG Power
( ( )CG Power ).
( ).
( )33 .
.
. ( )CG Power
.
( 9-1-2
).
( )
.
( ).
%100 .
%75
%125
.
.
( )1 (
) ( )
(
) ( )2 ( )3 ( )4
120
.
179
.
.
.
1 113 113 113 13 ()CG Power
( )CG Power
( )1 ( )2 (
) ( )3 ( )4 .
( )CG Power
.
( )CG Power
( )CG Power .
( )CG Power (.)CG Power
( )CG Power
( )CG Power %60 .
.
( )CG Power
(.)CG Power
45
. . (CG
)Power ( )CG Power
.
( )33 .
180
.
.
.
1 113 113 113 13
( )CG Power ()CG Holdings
.
.
.
.
( 26-1-2 ) .
:
:
1 113 113 113 13
() 1435/2/28 ( 2014/1/1)
( )200.000.000 ( )
.
( 2-3-2-13 ) .
:
( )1 )150.000.000( : 12
( )2 )20.000.000( : 9
( )3 )30.000.000( : 36 .
.
.
181
:
.1
.
.2
.
.3 ( ) 1 : 2
%25 .
1435/2/28 ( 2014/1/1)
.
-
1435/2/28 ( 2014/1/1)
.
1435/2/28 ( 2014/1/1)
( ).
1435/2/28 ( 2014/1/1)
.
.
( )153.193.750
1435/2/20 ( 2013/12/24) ( )20.000.000 ( )30.000.000
1435/2/28 ( 2014/1/1)
.
.
.
1 113 113 113 13
182
) . . :
( )1 )150.000.000( : 12
( )2 )20.000.000( : 9
( )2 )30.000.000( : 36 ( . 12)
.
:
.1
.
.2
.
.3 ( ) 1 : 2 %25
.
1435/2/28 ( 2014/1/1)
.
-
1435/2/28 ( 2014/1/1)
.
1435/2/20 ( 2013/12/24)
( ).
1435/2/28 ( 2014/1/1)
.
183
.
.
1 113 113 113 13
:
.1
.
.2
.
.3
.
1434/9/13 ( 2013/7/21)
.
1434/9/13 ( 2013/7/21)
1434/9/13 ( 2013/7/21) .
.
1434/9/13 ( 2013/7/21)
1434/9/13 ( 2013/7/21)
.
( )111.406.250
1434/9/13 ( 2013/7/21) ( )6.962.891
1434/9/13 ( 2013/7/21) . .
184
.
.
1433/12/26 (
2012/11/11) ( )77.000.000 ( )
. 1437/1/24 ( 2015/11/6).
:
( )1 )1.000.000( :
( )2 )19.000.000( :
( )3 )20.000.000( :
( )4 )20.000.000( :
( )5 )20.000.000( : (
- ( )4)
( )6 )2.000.000( :
( )7 )15.000.000( : .
.
.
.
.
1433/12/26 ( 2012/11/11)
.
1433/12/26 ( 2012/11/11)
( )59.000.000 .
1433/12/26 ( 2012/11/11)
.
185
1433/12/26 ( 2012/11/11) .
( )77.000.000 .
.
.
( )1.350.000 ()77.000.000
1433/12/26 ( 2012/11/11)
.
.
.
1 113 113 113 13
1433/1/15 ( 2011/12/11)
( )122.500.000 ( )
. 1435/12/30 ( 2014/10/24).
:
( )1 )40.000.000( :
( )2 )20.000.000( :
( )3 )30.000.000( :
( )4 )30.000.000( : ( .
- ( )3)
( )5 )2.500.000( :
( )6 )30.000.000( :
.
.
.
186
1433/1/15 ( 2011/12/11)
.
1433/1/15 ( 2011/12/11)
()60.000.000
( )30.000.000
.
1433/1/15 ( 2011/12/11)
.
()
1433/1/15 ( 2011/12/11) .
( )122.500.000 .
.
.
( )122.500.000 1433/1/15
( 2011/12/11) .
.
.
:
( )1
( )2
.
( )3 45
120 .
( )4
.
( )65.000.000
1434/7/1
( 2013/5/11) ( )65.000.000 1435/8/13 ( 2014/6/11)
2015/4/30 . .
( )50.000.000
1434/7/1
( 2013/5/11) ( )50.000.000 1435/8/13 ( 2014/6/11).
2015/4/30 . .
.
1435/8/13 ( 2014/6/11) . .
( )160.000.000 .
.
1435/8/13 ( 2014/6/11) . .
( )160.000.000 .
.
( )160.000.000 1435/8/13 (
2014/6/11) .
( )17.333.333 1435/8/14 ( 2014/6/12)
.
.
.
188
:
( )1
( )2
.
( )3 45
120 .
( )4 1 : 1.25 .
( )5 ( ) 1 : 2 .
( )6 1 : 1.25 .
( )7
.
( )75.000.000
189
1435/8/13 ( 2014/6/11)
1435/8/13 ( 2014/6/11)
.
1435/8/13 ( 2014/6/11) .
( )205.000.000 .
.
1435/8/13 ( 2014/6/11)
. ( )205.000.000
.
( )205.000.000 1435/8/14 (
2014/6/12) . ( )20.000.000
1435/8/14 ( 2014/6/12).
.
.
1435/1/1 ( 2013/11/4)
( )50.000.000 1436/1/7 ( 2014/10/31) .
.
:
( )1 ( )50.000.000
( )2 ( )50.000.000 / (
- ( )1)
( )3 ( )50.000.000
( )4 ( )5.000.000
( )5 ( )20.000.000
( )6 ( )20.000.000 .
.
.
190
:
( )1
.
( )2
( )3 1:2
( )4 1:1
( )5 ( )140.000.000
( )6 %125 .
( )7 .
. (
26-1-2 ).
( )50.000.000
1435/1/1 ( 2013/11/4) ( )50.000.000
. 1436/1/7 ( 2014/10/31).
.
.
1435/1/1 ( 2013/11/4)
( )50.000.000 . .
1435/5/30 ( 2014/3/31)
2015/7/31 .
1 113 113 113 13
( ) (
) 1434/9/15 ( 2013/7/23) ( )205.000.000 (
) 1435/10/4 (
2014/7/31) 1436/10/15 ( 2015/7/31).
.
191
( ) 1434/9/15 ( 2013/7/23)
:
( )1 ( )75.000.000
( )2 ( )55.000.000 :
. ( )55.000.000
. ( )55.000.000 .
( )3 ( )45.000.000
( )4 ( )25.000.000 TRF
( )5 ( )5.000.000 .
. .
:
.1 ( ) 1 :2 .
.2 90 .
.3 90 .
( )225.500.000
.
. ()225.500.000
.
.
,
( )225.500.000 .
.
.
.
1 1313 113 113 13
( ) ( )
1434/9/15 ( 2013/7/23) ( )195.000.000 (
) 1435/10/4 ( 2014/7/31)
192
1435/11/5 ( 2014/8/31) .
.
.
1434/9/15 ( 2013/7/23)
:
( )1 ( )75.000.000
( )2 ( )55.000.000 :
. ( )55.000.000
. ( )55.000.000 .
( )3 ( )37.000.000 .
( )4 ( )25.000.000 TRF
( )5 ( )3.000.000 .
.
.
.
:
.1 ( ) 1 :2 .
.2 90 .
.3 90 .
. ( )214.500.000
.
( )214.500.000 .
.
( )214.500.000 .
.
.
.
193
1433/9/18 ( 2012/8/6)
( ) ( )
( )70.000.000 . 1434/9/23 ( 2013/7/31)
. 1435/12/6 ( 2014/9/30)
.
. .
:
( )1 / ( )5.000.000 .
( )2 ( )2.000.000 .
( )3 ( )23.000.000 .
( )4 ( )40.000.000 .
:
. ( )40.000.000 .
. ( )40.000.000 .
. ( )40.000.000 .
. ( )3.000.000 .
. ( )2.500.000 .
. ( )40.000.000 (
).
. ( )2.000.000 .
.
( )
194
1429/8/9 ( 2008/8/12)
( )5.000.000 .
( )70.000.000
.
.
()
1434/9/21 ( 2013/7/29)
.
1434/9/21 ( 2013/7/29)
.
.
.
1 1313 113 113 13
1433/9/19 ( 2012/8/7)
( ) ( )
( )85.000.000 . 1434/9/23 ( 2013/7/31)
. 1435/12/6 ( 2014/9/30)
. .
:
( )1 / ( )5.000.000 .
( )2 ( )9.000.000 .
195
( )3 ( )21.000.000 .
( )4 ( )50.000.000 .
:
() ( )50.000.000 .
() ( )50.000.000 .
() ( )50.000.000 / .
() ( )3.000.000 .
() ( )2.500.000 .
() ( )50.000.000 (
).
() ( )3.000.000 .
.
()
1433/9/18 ( 2012/8/6)
( )5.000.000 .
( )85.000.000 .
( )85.000.000
.
()
2013/7/29
.
196
2013/7/29
.
.
.
1 1313 113 113 13
1434/8/21 ( 2013/6/30)
( )220.100.000
( ) 2014/2/28
.
:
( )1 ( )31.000.000 .
( )2 ( )125.000.000 .
:
. ( )125.000.000 .
. ( )125.000.000 .
. ( )125.000.000 .
. ( )125.000.000 .
. ( ) ( )125.000.000
.
. ( )125.000.000 .
( )3 ( )25.000.000 .
( )4 ( )10.000.000 .
:
.1 ( )26.100.000 .
.2 ( )3.000.000 .
( ) 1 : 3.5
1 : 3.5 .1 : 3.5
.
197
1434/8/21 ( 2013/6/30) .
.
.
1434/8/21 ( 2013/6/30).
.
.
1434/8/21 ( 2013/6/30).
.
.
1435/1/21 ( 2013/11/24) .
. ( )110.050.000
/ .
( )CG Holdings
1434/8/21 ( 2013/6/30):
( )1 .
( )2 .
( )3 .
( )4 .
198
1434/8/21 ( 2013/6/30):
( )1
( )2
.
( ) 1434/7/17 ( 2013/5/27)
1435/1/17 ( 2013/11/30) 1436/2/7 ( 2014/11/30) .
. .
:
-1 : ( )100.000.000 :
() / ( )25.000.000
() ( )75.000.000
.
( )75.000.000
.
() ( )75.000.000
.
() ( )50.000.000 .
() ( )50.000.000 .
() ( )10.000.000 .
-2 ( )45.000.000
.
.
.
. .%110
.
199
1434/7/17 (
2013/5/27) .
.
( )145.000.000 .
( )145.000.000
.
. .
1 1313 113 113 13
( ) 1434/9/22 ( 2013/7/30)
2013/11/30 2014/6/30 .
.
120073 - EPMFLA 2012/2/28 :
-1 : ( )12.500.000
:
() ( // ) ( )DIC/DIB/IBR/DIC/DIU ( )12.500.000
.
( )12.500.000
.
() / ( )5.000.000 .
() ( )3.000.000 .
-2 / ( )24.000.000 .
.
.
.
.%110 .
1434/9/22 ( 2013/7/30)
.
200
1434/9/22 (
2013/7/30) .
( ) 1434/6/7 ( 2013/4/17)
( )137.000.000 .
1435/11/4 ( 2014/8/30)
. :
( )1 ( )80.000.000 :
. ( )5.000.000 .
. ( )50.000.000 .
. /
( )60.000.000 .
. ( )60.000.000 (
- ).
.
( )45.000.000 .
( )2 ( )57.000.000
( ).
120 .
. .1 : 2
201
1434/6/7 ( 2013/4/17)
.
.
( )132.890.000
( )4.110.000 .
.
( ) 1434/3/18
( 2013/1/30) ( )93.750.000
( ) . 1435/3/7 (
2014/1/8) 1436/1/3 ( 2014/10/27) . :
.1 ( )93.750.000 .
.2 ( )93.750.000 .
.3 ( )75.000.000 .
. .1 : 2.5
202
( ) 1434/3/18 ( 2013/1/30) 1435/6/14
( 2014/4/14)
( )93.750.000 ( )
1436/1/3 ( 2014/10/27)
.
1435/6/15 ( 2014/4/15) .
. ( )93.750.000
/ .
( ) 1434/3/18 (
2013/1/30) ( )93.750.000
( ) . 1435/3/7 (
2014/1/8) 1436/1/3 ( 2014/10/27) :
.1 ( )93.750.000 .
.2 ( )93.750.000 .
.3 ( )75.000.000 .
.
.1 : 2.5
(
) 1434/3/18 ( 2013/1/30) 1435/6/15 (
2014/4/15) ( )93.750.000
( )75.000.000
1436/1/3 ( 2014/10/27)
.
.
203
1434/3/18 ( 2013/1/30)
( )93.750.000
.
1433/7/26 ( 2012/6/6)
( )56.900.000 . 15
( 1436/4/15 2015/2/4) . ()47.959.000
2014.
:
() .
() ( ( )%51
( )%49( )CG Power %100 ).
.
.
.
:
( )1 1 : 1 .
( )2 1 : 3 .
( )3 ( )4.800.000 .
( )4 ( )2.400.000 .
( )5 / %25 .
( )6 ( )90
30
.
( )7
204
30
.
( )8 2013.
( )8 .
1 113 113 13
( ( )19-3-2-13
).
:
1 113 113 113 13
.
.1
()1
()2
4.600 2 (.)1
8.225 2
930103008593 1432/5/20 ( 2011/4/24).
.3
()3
4.953 . ( )5
24.375 2
() 1428/3/2 ( 2007/3/21) 25 1424/4/8 ( 2003/6/9).
2
.1 ()4
9.417 2 20 (.)MVA
16.580 2 .
() 1421/12/24 ( 2000/4/28) 25 1421/10/9
( 2001/1/4).
205
.2
()5
4.100 2 .
3 24.375 2 .
() 1428/3/2
( 2007/3/21) 25 1424/4/8 ( 2003/6/9).
.3
()6
19.910 2
.
)1( : 17.122 2
() 1422/8/7 ( 2001/10/23)
25 1421/10/9 ( 2001/1/4) ( )2 2.788 2
.
.4
()7
7.200 2
.
.
.
( )7 ( .)1 32.091 2
1427/5/22 ( 2006/6/18) 25 1425/12/26
( 2005/2/6).
.5
()8
3.800 2
.
13.125 2 39.375 2
() 20
1433/4/17 ( 2012/3/11) . .
()9
11.000 2 .
42.075 2
() 802788 1433/4/17 ( )2012/3/10
.
206
.
. :
.
1434/9/8 ( 2013/7/16) 1435/9/18 ( 2014/7/15)
.
. 1435/6/8 (
2014/3/9) 1436/5/17 ( 2015/3/8).
1434/9/25 (
2014/8/2) .
1427/9/17
( 2007/9/29) . 1435/11/26
( 2014/9/21) .
1435/9/4 ( 2014/7/1) .
.1 ( )10 9 8
1429/9/1 ( 2008/9/1) . 1436/8/30 ( 2015/6/17)
.
.2 8 1433/9/21 (
2012/8/9) . 1435/11/19 ( 2014/9/14) .
.3 3 1435/4/29
( 2014/3/1) 1436/4/28 ( 2015/2/17) .
()2
()
1427/5/22
(
2006/6/18)
641.80
32.091
25
1425/12/26
( )2005/2/6
()1
()7
()
1428/3/2
(
2007/3/21)
487.50
24.374
25
1424/4/8
(
2003/6/9)
()3
()5
207
()2
()
1421/1/24
(
2000/4/28)
331.60
16.580
25
1421/10/9
(
2001/1/4)
()4
()
1422/8/7
(
2001/10/23)
342.44
17.122
25
1421/10/9
(
2001/1/4)
()6
()
1433/4/17
(
2012/3/11)
39.375
39.375
20
1433/4/17
(
2001/1/4)
()8
()
1433/4/17
(
)2012/3/10
42.075
42.075
20
1433/4/17
(
2001/1/4)
()9
1434/9/8
(
2013/7/16)
45.000
1435/6/8
(
2014/3/9)
50.000
1434/9/25
(
2014/8/2)
150.150
10
1427/9/17
(
2007/9/29)
35.200
208
()2
11
1435/9/4
(
2014/7/1)
1.900.000
12
1429/9/1
(
2008/9/1)
555.000
8 910
13
1433/9/21
(
2012/8/9)
1.075.000
14
1435/4/29
(
2014/3/1)
360.000
.
1 113 113 113 13:
:
:1-13
()2
330104010339
1430/3/13
( 2009/3/10)
1.842.993
16.880.79
330108004575
1430/3/13
( 2009/3/10)
1.552.410
16.512.12
530106008836
1430/3/13
( 2009/3/10)
**1.213.497
17.249.46
730108004576
1430/3/13
( 2009/3/10)
1.552.410
17.618.13
930103008593
1432/5/20
( 2011/4/24)
2.482.500
8.225
()2
209
()2
1/395/68
1424/6/14
( 2003/8/12)
3.000.000
2.787.09
330109001641
1435/1/7
( 2013/11/10)
26.900.760
20.504.5
:
* ( )
.
** 1.213.497 .
1 113 113 13
.
( )International Organization for Standardization ( .)ISO
:
:2-13
/8626
1432/12/24
1435/12/23
/886
1433/2/27
1436/2/26
/1937
1435/8/18
1438/8/15
121031118996
1431/10/18
1436/9/24
01-122031118997
1431/10/18
1435/10/17*
1435/11/25
1435/11/25
1435/11/28
1435/11/28
109765
1436/7/11
112331
1436/7/11
111836
1436/7/11
1433072410341
1433/7/24
1435/7/24*
210
1434082613751
1434/8/26
1436/8/26*
143103041111
1431/3/4
1433/3/4*
14001:2004
()ISO 14001:2004
44104071819
20
2015/1/30
14001:2004
()ISO 14001:2004
44104117647
5
2015/2/4
9001:2008
)(ISO 9001:2008
04100950567
5
2017/8/21
9001:2008
)(ISO 9001:2008
44100071819
20
2016/10/16
9001:2008
)(ISO 9001:2008
44100071821
2016/10/8
9001:2008
)(ISO 9001:2008
44100071820
2016/9/18
* .
*
:
2012/11/28
:
2007 2008.
2005.
2010.
.
.
.
211
1 113 113 13
.
:
:3-13
2014/1/1 2014/12/31
2.464.146
2014/1/1 2014/12/31
3.185.756
2014/1/12 2015/1/11
60.333.39 *
2014/1/31 2015/18/3
47.457.00 *
2014/2/1 2015/1/31
133.375
(
)
2014/2/1 2015/1/31
122.100
/
/
2014/2/1 2015/1/31
1.019.287
/
/
2014/2/1 2015/1/31
1.650.897.26 *
/
/
(
)
2014/2/1 2015/1/31
%15
650.000.000
:
* .
1 113 113 13
( .)EIC
.
.
.
.
.
:4-13
1442/10/18
2021/5/30
212
1439/1/2
2017/9/22
1442/9/19
2021/5/1
1442/9/19
2021/5/1
1441/11/10
2020/7/1
1 113 113 13
.
.
:
-1 2010/8/5
700 . .
-2 .
1 113 13
.
. 1435/5/30 ( 2014/3/31):
( )15.969.591 2013.
( )3.392.485
2013.
213
( )7.029.155 2013.
( )CG Power
( )7.259.674 2013.
( )3-2-13
.
.
( )70
2014/4/15.
.
1 113 13
.
.
:1-14
214
()
.
( )EPC
()EPC
.
()
215
()
:
* .
216
1414
1 114 14
( )450.000.000 ( )45.000.000
( )10 .
1 114 14
.
.
1 114 14
( )60
.
1 114 14
.
1 114 14
()
( )12
.
1 114 14
( )105 :
.1 ( )104
.
.2 .
.3 .
217
.
.
1 114 14
()20
.
( )3/2
( )%75 .
.
1 114 14
( )108
()
.
.
1 114 14
.
( )6 .
( )25
( )%5 .
( )%50
.
.
( )%50
( )30
( )%25 .
.
1 1414 14
.
218
1515
1 115 15
( )13.500.000 .
( )
14
. 220007 . 11311
+966 )11( 477 4770 :
+966 )11( 211 7438 :
www.sambacapital.com :
IPO@sambacapital.com:
. 5561
114325
+966 )11( 211 9292 :
+966 )11( 211 9299 :
www.alrajhi-capital.com :
PR@alrajhi-capital.com :
1 115 15
:
-1 ( ) :
.
-2 (
) %70 %30 .
-3 .
219
1616
( )20.000.000
.
220
1717
.
.
1 117 17
( )13.500.000 ( )10
[] [] %30
:
() :
( ( )1 )
( )13.500.000 %100
( )
( )6.750.000
%50 %90
( )%10
(.)%90
() :
. ( )6.750.000 ()%50
.
.
( )100.000 .
.
.
( )10 . ()250.000
. ( )10
. ( )675.000
.
( )6.750.000 .
( ) .
1436/02/02 ( 2014/11/24)( . ()) ( ()17
).
.
:
221
( )1 ( )2
.
1436/01/18 ( 2014/11/11)
1436/01/24 ( 2014/11/17) .
.
.
[] .
.
( )10
( )250.000 .
:
( ).
( ).
( ).
( ).
( ).
( ).
( ).
( ) . ( )
.
.
:
.
.
(
).
:
/ .
.
( )
.
.
222
.
.
18 .
[] . :
.
.
.
.
.
1 117 17
.
( )
( )6.750.000
50 ( )%90
( )%10
(.)%90
( )10 . ()250.000
. ( )10
. ( )675.000
.
( )6.750.000 .
( ) .
1436/02/02 ( 2014/11/24)( . ()) ( ()17
).
.
.
)1 :
.
.
() ( )13 .
.
.
223
.
)2 ( )6 .
)3
.
)1 :
.
( )3.
.
)2 .
)3
.
)4 .
)1
.
)2 :
.
( )3.
)3
.
)4 .
)5
.
)6 ( )3 .
)1 :
.
.
)2 .
224
:
.1 1435/5/16 ( 2014/3/17).
.2 ( )450.000.000 1435/5/9 (
2014/3/10) ( )70.000.000 ( )30.000.000
.
.3 1435/11/26 ( 2014/09/21).
( )12
.
1 117 17
:
.
.
.
.
.
.
.
1 117 17
.
.
.
.
1 117 17
.
1 117 17
.
225
1 117 17
2001 1990.
8.8 ( 1435/10/15 2014/8/11)
159.
1 117 17
11 3:30
10 11
10 ( 11 )
.
226
1818
10:00
4:00 1436/01/02 ( 2014/10/26) 1436/01/24 ( 2014/11/17)
20 :
1435/5/16 ( 2014/3/17)
312011 2012 2013 2014
2011 2012 2013 2014
2011 2012 2013 2014
2012 2013 2014
2012 2013 2014
( )Ernst & Young
( )
( )ERAS
( )
227
1919
( )
31 2014
228
229
( )
2014
2014
2013
73.247.656
106.665.223
476.900.846
429.714.318
416.445.690
450.472.274
966.594.192
986.851.815
3.427.612
3.963.375
306.370.133
262.196.408
8.656.078
7.231.471
318.453.823
273.391.254
1.285.048.015
1.260.243.069
283.750.325
236.037.716
10
18.095.293
18.109.882
11
71.801.338
367.450.010
12
30.850.000
13
17.601.963
12.002.349
422.098.919
633.599.957
212.859.000
24.000.000
12
53.474.475
49.105.004
266.333.475
73.105.004
688.432.394
706.704.961
1 23 .
230
( )
2014
2014
2013
450.000.000
350.000.000
14
9.780.992
23.184.694
101.483.308
114.848.386
35.000.000
54.000.000
596.264.300
542.033.080
351.321
11.505.028
596.615.621
553.538.108
1.285.048.015
1.260.243.069
15
1 23 .
231
( )
31 2014
2014
2013
346.751.926
305.080.218
()267.126.770
()229.991.918
79.625.156
75.088.300
16
()12.981.932
()9.088.894
17
()11.000.352
()11.294.133
55.642.872
54.705.273
18
( /)
1.933.241
()64.900
()2.592.017
()2.794.251
54.984.096
51.846.122
()406.312
()415.755
54.577.784
51.430.367
2.068.297
1.490.753
56.646.081
52.921.120
()1.157.763
()2.551.045
55.488.318
50.370.075
13
( /):
1.24
1.22
1.23
1.12
45.000.000
45.000.000
1 23 .
232
( )
31 2014
2014
2013
54.577.784
51.430.367
5.319.481
3.867.941
626.283
516.369
()1.238.642
990.568
406.312
415.755
2.592.017
2.794.251
()710.696
61.572.539
()6.164.069
53.851.182
()50.340.330
21.353.886
16.857.803
30.159.238
29.561.307
()33.045.684
57.651.319
72.318.622
()2.592.017
()2.794.251
55.059.302
69.524.371
()7.305.802
()20.180.833
()7.305.802
()20.180.833
1 23 .
233
( )
31 2014
2014
2013
()453.384
()123.662
1.519.000
3.509.258
()11.198.662
()3.185.000
( ) /
()10.133.046
200.596
37.620.454
49.544.134
35.627.202
57.121.089
73.247.656
106.665.223
:
400.000
1 23 .
234
400.000
( )
31 2014
31 2012
350.000.000
23.184.694
64.878.311
54.000.000
492.063.005
( )
50.370.075
50.370.075
( )
31 ( 2013
)
350.000.000
31 2013
350.000.000
()400.000
()400.000
23.184.694
114.848.386
54.000.000
542.033.080
9.780.992
46.394.990
35.000.000
541.175.982
55.488.318
55.488.318
( )14
100.000.000
31 2014
450.000.000
100.000.000
()100.000.000
-
()400.000
()400.000
9.780.992
101.483.308
35.000.000
596.264.300
1 23 .
235
( )
31 2014
01
() /198 25 1428
( 7 2007) 2050056359 22
1428 ( 4 2007) . .
:
2014
2013
()
%100
%100
2050004182
( )
%100
%100
2050006007
( )
%51
%51
2050073249
( )
.
02
. .
.
.
.
.
03
:
.
.
236
( )
31 2014
03 ()
.
.
.
.
.
.
.
.
. .
.
.
.
237
( )
31 2014
03 ()
.
. :
)
.
)
.
)
.
( )
.
.
.
.
. .
.
.
238
( )
31 2014
03 ()
.
.
. .
.
. .
( )
( )
.
.
.
239
( )
31 2014
04
2014
2013
431.150.753
389.227.408
21.719.390
19.572.028
6.532.441
7.536.995
( )7
6.210.739
5.285.603
4.655.977
4.055.142
18.885.762
17.125 359
489.155.062
442.802.535
()12.254.216
()13.088.217
476.900.846
429.714.318
2013
11.653.665
( / )
600.551
12.254.216
240
14.831.471
()1.743.254
13.088.217
( )
31 2014
05
2014
2013
265.910.387
270.991.265
77.245.190
77.802.864
52.521.446
57.226.961
31.243.585
44.100.781
14.236.959
14.026.799
441.157.567
464.148.670
()24.711.877
()13.676.396
416.445.690
450.472.274
:
2014
2013
19.711.877
16.856.494
( / )
5.000.000
()3.180.098
24.711.877
13.676.396
241
( )
31 2014
06
%49
. .
:
2014
2013
3.833.924
4.379.130
()406.312
()415.755
3.963.375
3.427.612
07
.
:
2014
2013
2014
2013
2.204.800
3.910.000
1.321.600
3.870.500
1.906.299
26.100
4.748.518
1.332.482
140.621
82.621
6.210.739
5.285.603
20.665
5.884.519
6.405.559
5.888.504
6.405.559
4.881.619
7.320.819
5.032.947
7.471.943
10.921.451
13.898.167
242
( )
08
31 2014
8 33
3 12
3 10
2014
2013
429.535.240
20.180.833
40.282.163
187.432.925
199.033.149
36.735.695
38.894.940
502.378.872
34.000
150.931
10.078
7.110.793
7.305.802
40.282.163
80.130
1.561.582
875.438
187.547.055
200.745.662
37.621.211
()168.000
()2.517.150
43.488.583
509.684.674
449.548.073
52.469.313
115.973.315
29.552.432
197.995.060
183.651.724
1.682.697
2.771.942
864.842
5.319.481
3.867.941
54.152.010
118.745.257
30.417.274
203.314.541
()168.000
187.351.665
:
31 2014
40.282.163
133.395.045
82.000.405
7.203.937
43.488.583
31 ( 2013 )
13.375.403
82.044.188
34.974.993
5.575.977
126.225.847
306.370.133
262.196.408
25 26 1400 ( 4 1980) . .
.
25
.
6.3 ( 6.3 :2013 ) .
243
( )
31 2014
09
:
10
2014
2014
2014
2014
2013
6.054.891
4.500.000
4.000.000
14.554.891
10.554.891
6.054.891
4.500.000
4.000.000
14.554.891
10.554.891
3.972.530
900.000
400.000
5.272.530
2.807.051
301.283
225.000
100.000
626.283
516.369
4.273.813
1.125.000
500.000
5.898.813
3.323.420
:
31 2014
31 ( 2013 )
1.781.078
3.375.000
3.500.000
2.731.471
4.500.000
244
8.656.078
7.231.471
( )
31 2014
010
2014
2013
120.446.385
111.175.661
49.151.300
16.870.163
35.471.614
45.335.031
( )7
10.921.451
13.898.167
67.759.575
48.758.694
283.750.325
236.037.716
011
.
.
012
2014
2013
195.750.000
24.000.000
47.959.000
243.709.000
24.000.000
()30.850.000
212.859.000
24.000.000
31 2013
.
.2018 .
.
4 . 15
.2021
.
245
( )
31 2014
013
:
2014
2013
5.634.503
2.551.045
()4.476.740
1.157.763
2.551.045
:
2014
2013
16.444.200
9.451.304
1.157.763
2.551.045
17.601.963
12.002.349
2000 2002 4
3.6 .
2003 2004 1 .
2005 2012 .
246
( )
31 2014
31 2011 31 2012
.
014
45.000.000 ( 35.000.000 :2013) 10 .
13 1435 ( 16 2013) 350 450
10 10 70 30
. 14 1435
( 15 2014) . .
015
13 1435 ( 16 2013) 1
35 %10 . 14
1435 ( 15 2014).
18 1435 ( 19 2014) 50 .
016
2014
2013
3.766.151
3.088.729
2.654.428
2.529.960
2.201.588
2.330.487
597.597
556.587
391.166
578.254
( / )
600.551
2.770.451
1.748.131
12.981.932
9.088.894
247
()1.743.254
( )
31 2014
017
2014
2013
6.323.575
6.633.909
1.655.161
2.372.798
2.109.538
738.112
912.078
1.549.314
11.000.352
11.294.133
018
2014
2013
1.929.068
4.173
1.933.241
()64.900
()64.900
019
. 74.3 31
2014 ( 31 81.4 :2013 ).
79 ( 74.7 :2013 ) .
020
194.8 ( 161.3 :2013
).
248
( )
31 2014
021
.
:
31 :2014
330.072.601
16.679.325
346.751.926
46.408.204
9.234.668
55.642.872
46.904.929
8.583.389
55.488.318
302.650.675
3.719.458
306.370.133
1.248.531.960
36.516.055
1.285.048.015
293.583.277
11.496.941
305.080.218
47.578.728
7.126.545
54.705.273
43.897.865
6.472.210
50.370.075
260.955.430
1.240.978
262.196.408
1.223.641.196
36.601.873
1.260.243.069
31 ( 2013 ):
:
31 :2014
427.404.423
3.746.330
431.150.753
344.702.662
2.049.264
346.751.926
()265.668.270
()1.458.500
()267.126.770
79.034.392
590.764
249
79.625.156
( )
31 2014
021 ()
31 (2013 ):
334.964.175
54.263.233
389.227.408
266.983.484
38.096.734
305.080.218
()196.883.858
()33.108.060
()229.991.918
70.099.626
4.988.674
75.088.300
022
.
.
.
.
.
.
. .
60 90
30 60
.
.
.
.
023
.
.
.
250
( )
31 2013
251
252
( )
31 2013
2013
2012
35.627.202
57.121.089
426.560.516
451.068.204
433.303.493
480.631.512
895.491.211
988.820.805
3.833.924
4.379.130
306.466.173
249.131.356
7.200.000
4.500.000
317.500.097
258.010.486
1.212.991.308
1.246.831.291
261.600.049
268.683.400
10
10.994.958
24.273.951
11
83.000.000
363.940.752
12
22.925.000
13
16.444.200
9.451.304
394.964.207
666.349.407
1 26 .
253
( )
31 2013
2013
2012
219.265.000
27.185.000
12
54.713.117
48.114.436
273.978.117
75.299.436
668.942.324
741.648.843
14
350.000.000
350.000.000
15
100.000.000
9.780.992
23.184.694
46.394.990
64.878.311
35.000.000
54.000.000
541.175.982
492.063.005
2.873.002
13.119.443
544.048.984
505.182.448
1.212.991.308
1.246.831.291
16
1 26 .
254
( )
31 2013
2013
2012
1.285.258.267
()1.019.000.217
266.258.050
1.062.700.438
()863.153.064
199.547.374
17
()38.582.833
()41.070.737
18
()46.517.025
()35.735.601
181.158.192
122.741.036
4.378.613
1.547.905
()11.179.805
()8.175.312
19
174.357.000
()545.206
116.113.629
()965.776
173.811.794
115.147.853
10.122.780
1.329.548
183.934.574
116.477.401
13
()17.971.597
165.962.977
()8.328.612
108.148.789
( /):
5.18
3.51
4.74
3.09
35.000.000
35.000.000
1 26 .
255
( )
31 2013
2013
2012
173.811.794
115.147.853
19.016.473
1.300.000
6.598.681
4.695.546
545.206
965.776
11.179.805
8.175.312
130.923
()13.278.993
199.303.889
14.969.715
-
1.921.917
145.876.125
24.507.688
()120.723.728
47.328.019
()52.861.436
()7.083.351
69.137.259
264.056.245
41.428.220
()11.179.805
()8.175.312
()10.978.701
()11.621.668
241.897.739
21.631.240
()76.482.213
()119.855.753
()4.000.000
()80.482.213
()119.855.753
1 26 .
256
( )
31 2013
2013
2012
()123.661
215.005.000
3.773.001
()863.559
()1.600.000
()280.940.752
258.500.064
()115.250.000
()130.000.000
( ) /
()182.909.413
131.409.506
() /
()21.493.887
33.184.993
57.121.089
23.936.096
35.627.202
57.121.089
100.000.000
1.600.000
-
1 26 .
257
1.600.000
54.000.000
( )
31 2013
350.000.000
12.369.815
24.007.960
130.000.000
516.377.775
108.148.789
108.148.789
10.814.879
()10.814.879
()2.463.559
31 2010
()2.463.559
()130.000.000
()130.000.000
( )16
()54.000.000
54.000.000
350.000.000
23.184.694
64.878.311
54.000.000
492.063.005
31 2012
165.962.977
165.962.977
100.000.000
()30.000.000
()70.000.000
()1.600.000
16.596.298
()16.596.298
()1.600.000
-
(
)16
()61.250.000
()54.000.000
()115.250.000
(
)16
()35.000.000
35.000.000
350.000.000
100.000.000
46.394.990
35.000.000
541.175.982
31 2013
9.780.992
1 26 .
258
( )
31 2013
01
() /198 25 1428
( 7 2007) . 2050056359 22
1428 ( 4 2007) . .
:
2013
2012
()
%100
%100
2050004182
( )
%100
%100
2050006007
( )
%51
%51
2050073249
()
.
02
. .
.
.
03
:
.
.
259
( )
31 2013
03 ()
.
.
.
.
.
.
. .
.
.
.
.
. :
260
( )
31 2013
03 ()
()
)
.
)
.
)
.
.
( )
.
.
.
%10 .
.
.
. .
.
.
261
( )
31 2013
03 ()
. .
.
. .
( )
( )
.
.
.
262
( )
31 2013
04
2013
2012
386.168.442
420.928.467
20.593.347
21.002.492
7.908.855
5.181.881
( )7
7.563.431
3.198.349
4.446.580
3.547.094
11.533.526
12.041.392
438.214.181
465.899.675
()11.653.665
()14.831.471
426.560.516
451.068.204
05
2013
2012
288.543.155
269.803.880
65.616.113
64.117.092
62.441.169
102.810.633
21.818.746
47.243.502
14.596.187
13.512.899
453.015.370
497.488.006
()19.711.877
()16.856.494
433.303.493
480.631.512
263
( )
31 2013
06
%49
. .
:
2013
2012
4.379.130
5.344.906
()545.206
()965.776
4.379.130
3.833.924
07
.
:
2013
2012
2013
2012
15.969.591
1.108.937
3.683.690
694.501
3.392.485
1.410.843
3.797.118
1.630.695
2.710
82.621
873.153
7.563.29
3.198.349
7.029.155
7.259.674
6.976.803
1.039.26
10.952.322
7.002.762
11.991.748
7.002.762
264
( )
31 2013
08
:
8 33
3 12
3 10
2013
2012
:
128.646.305
144.971.156
37.219.179
111.378.088
435.590.131
316.070.903
13.375.403
17.000
1.439.119
1.116.993
73.909.101
76.482.213
119.855.753
()3.470.581
()168.000
()3.638.581
()336.525
26.906.760
58.769.620
56.093.455
4.622.414
()146.392.249
40.282.163
187.432.925
199.033.149
42.790.586
38.894.940
508.433.763
435.590.131
46.700.879
109.390.860
30.367.036
186.458.775
171.825.579
5.768.434
9.922.114
3.325.925
19.016.473
14.969.715
()3.339.659
()3.507.658
52.469.313
115.973.315
()167.999
33.524.962
201.967.590
()336.519
186.458.775
:
31 2013
40.282.163
134.963.612
83.059.834
9.265.624
38.894.940
31 2012
13.375.403
81.945.426
35.580.296
6.852.143
111.378.088
306.466.173
249.131.356
25
26 1400 4 1980 . .
.
25
.
265
( )
31 2013
09
2013
2013
2013
2012
4.500.000
4.500.000
-
4.000.000
4.000.000
4.500.000
4.500.000
4.000.000
8.500.000
4.500.000
:
-
900.000
400.000
900.000
400.000
1.300.000
1.300.000
:
31 2013
3.600.000
3.600.000
31 2012
4.500.000
7.200.000
4.500.000
266
( )
31 2013
010
2013
2012
109.940.586
139.652.237
42.894.139
28.322.110
40.518.941
51.947.076
( )7
11.991.748
7.002.762
56.254.635
41.759.215
261.600.049
268.683.400
011
.
.
012
2013
2012
197.200.000
27.185.000
44.990.000
242.190.000
27.185.000
()22.925.000
219.265.000
27.185.000
.
.2018
.
.
4 . 15
.2021
.
267
( )
31 2013
013
:
2013
2012
14.358.179
8.328.612
3.613.418
17.971.597
8.328.612
:
2013
2012
9.451.304
12.744.360
17.971.597
8.328.612
()10.978.701
()11.621.668
16.444.200
9.451.304
013 ()
2000 2002 4
3.6 .
2003 2004 1 .
2005 2012 .
268
( )
31 2013
31 2011 31 2012
.
014
35.000.000 ( 35.000.000 :2012) 10 .
015
350 450 10
10 . 70 30 .
.
016
6 2013 1.75 ( :2012 ) 61.25
%17.5 .
1 ( 1.5 :2012 ) 35
( 54 :2012 ) ) %15 :2012( %10 .
96.25 ( 54 :2012 ) 2.75
( 1.5 :2012 ) ) %15 :2012( %27.5 .
2013 14 2013 54
2012 .
269
( )
31 2013
017
2013
2012
13.167.907
14.760.181
10.215.819
8.488.583
8.545.917
8.181.465
451.250
4.446.869
3.000.772
1.921.917
()3.178.098
()749.014
6.379.266
4.020.736
38.582.833
41.070.737
018
2013
2012
29.444.983
24.092.024
7.558.544
3.680.219
4.370.180
2.543.571
5.143.318
5.419.787
46.517.025
35.735.601
019
2013
2012
4.378.613
557.818
990.087
4.378.613
270
1.547.905
( )
31 2013
020
. 79.88 31
2013 ( 74.3 :2012 ).
69 ( 74.7 :2012 )
.
021
150 ( 131 :2012
).
022
.
:
31 :2013
1.228.524.945
56.733.322
1.285.258.267
145.765.939
35.392.253
181.158.192
131.615.585
34.347.392
165.962.977
303.202.224
3.263.949
306.466.173
1.178.580.497
34.410.811
1.212.991.308
1.013.701.527
48.998.911
1.062.700.438
100.267.591
22.473.445
122.741.036
86.189.129
21.959.660
108.148.789
248.458.910
672.446
249.131.356
1.206.419.447
40.411.844
1.246.831.291
31 :2012
271
( )
31 2013
31 :2013
364.926.900
21.241.542
386.168.442
1.181.677.841
103.580.426
1.285.258.267
()928.698.408
()90.301.809
()1.019.000.217
252.979.433
13.278.617
31 :2012
266.258.050
335.927.606
85.000.861
420.928.467
902.862.550
159.837.888
1.062.700.438
()722.193.364
()140.959.700
()863.153.064
180.669.186
18.878.188
199.547.374
023
.
() 20 .
0.90 ( 2.6 :2012 )
.
024
.
.
.
272
( )
31 2013
.
.
.
. .
60
30 60
.
90
.
.
.
025
.
.
.
026
273
( )
31 2012
274
275
( )
31 2012
2012
2011
57.121.089
23.936.096
451.066.830
330.343.102
480.631.512
427.770.076
988.819.431
782.049.274
231.183.762
144.245.324
4.379.130
5.344.906
235.562.892
149.590.230
1.224.382.323
931.639.504
246.235.806
189.826.030
24.273.951
25.972.145
10
363.940.752
132.625.688
11
9.449.930
12.742.986
643.900.439
361.166.849
27.185.000
48.114.436
43.418.890
75.299.436
43.418.890
719.199.875
404.585.739
1 22 .
276
( )
31 2012
2012
2011
350.000.000
350.000.000
12
23.184.694
12.369.815
64.878.311
24.007.960
54.000.000
130.000.000
492.063.005
516.377.775
13.119.443
10.675.990
505.182.448
527.053.765
1.224.382.323
931.639.504
13
1 22 .
277
( )
31 2012
2012
2011
1.062.700.438
962.087.848
()863.153.064
()762.863.613
199.547.374
199.224.235
14
()41.070.737
()38.512.148
15
()35.735.601
()29.022.058
122.741.036
131.690.029
1.547.905
1.151.920
()8.175.312
()10.348.783
16
116.113.629
()965.776
122.493.166
()167.594
115.147.853
122.325.572
1.329.548
349.010
116.477.401
122.674.582
11
()8.328.612
108.148.789
()8.976.432
113.698.150
( ):
3.51
3.76
3.09
3.25
35.000.000
35.000.000
1 22 .
278
( )
31 2012
2012
2011
115.147.853
122.325.572
14.969.715
15.504.567
4.695.546
3.043.492
965.776
167.594
8.175.312
10.348.783
1.921.917
4.126.486
145.876.125
155.516.494
()120.723.728
22.112.279
()52.861.436
()35.167.290
51.189.665
9.388.941
23.480.626
151.850.424
()8.175.312
()10.348.783
()11.621.668
()11.169.586
3.683.646
130.332.055
()101.908.159
()9.944.877
()101.908.159
()9.944.877
1 22 .
279
( )
31 2012
2012
2011
3.773.001
()863.559
11.025.000
()56.584.136
-
258.500.064
17.061.058
()130.000.000
()96.059.905
( / )
131.409.506
()124.557.983
( /)
33.184.993
()4.170.805
23.936.096
16.631.901
57.121.089
11.475.000
23.936.096
54.000.000
130.000.000
1.600.000
1 22 .
280
( )
31 2012
31 2010
2.000.000
348.000.000
1.000.000
51.679.625
348.000.000
()348.000.000
96.059.905
498.739.530
113.698.150
113.698.150
11.369.815
()11.369.815
()96.059.905
( )13
()130.000.000
130.000.000
31 2011
()96.059.905
-
350.000.000
12.369.815
24.007.960
130.000.000
516.377.775
108.148.789
108.148.789
()2.463.559
10.814.879
()10.814.879
()130.000.000
()130.000.000
( )13
31 2012
()2.463.559
()54.000.000
54.000.000
350.000.000
23.184.694
64.878.311
54.000.000
492.063.005
1 22 .
281
( )
31 2012
01
() /198 25 1428
( 7 2007) . 2050056359 22
1428 ( 4 2007) . .
:
2012
2011
()
%100
%100
2050004182
( )
%100
%100
2050006007
( )
%51
%51
2050073249
()
.
2011 2 2011 348.000.000
34.800.000 10 .
35.000.000 10 .
02
. .
.
.
03
:
282
( )
31 2012
03 ()
.
.
.
.
.
.
.
.
.
.
.
. :
)
.
)
.
)
.
283
( )
31 2012
03 ()
( )
.
.
.
.
%10 .
.
.
. .
.
. .
.
.
284
( )
31 2012
03 ()
. .
( )
( )
.
.
.
285
( )
31 2012
04
2012
2011
420.928.467
296.196.401
21.002.492
12.056.156
5.181.881
2.149.692
3.547.094
2.644.041
( )7
3.198.349
23.087.398
12.040.018
10.062.114
465.898.301
346.195.802
()14.831.471
()15.852.700
451.066.830
330.343.102
05
2012
2011
269.803.880
254.203.299
102.810.633
72.728.820
64.117.092
58.413.164
47.243.502
49.204.761
13.512.899
12.522.310
497.488.006
447.072.354
()16.856.494
()19.302.278
480.631.512
427.770.076
286
( )
31 2012
06
:
8 33
3 12
3 10
2012
2011
134.913.677
34.736.283
11.968.920
316.070.903
306.158.845
13.375.403
121.076.620
1.010.468
100.895.290
101.908.159
9.944.877
2.401
13.375.403
()336.525
7.560.185
10.245.555
1.627.976
()19.433.716
128.636.805
145.161.633
37.038.202
93.430.494
()336.525
417.642.537
()32.819
316.070.903
41.872.057
101.499.423
28.454.099
171.825.579
156.353.831
4.828.822
8.037.127
2.103.766
14.969.715
15.504.567
46.700.879
109.536.550
()336.519
30.221.346
()336.519
186.458.775
()32.819
171.825.579
:
31 2012
13.375.403
81.935.926
35.625.083
6.816.856
93.430.494
31 2011
13.375.403
79.204.563
33.414.254
6.282.184
11.968.920
231.183.762
144.245.324
25
26 1400 4 1980 . .
.
25
9.9 .
287
( )
31 2012
07
:
2012
2011
2012
2011
1.108.937
939.177
694.501
11.781.374
1.410.843
13.633.659
1.630.695
3.257.336
2.710
7.501.200
873.153
9.192.688
3.198.349
24.231.398
6.976.803
25.959
7.002.762
25.959
.
/ 4 9 .
08
%49
. .
:
2012
2011
5.344.906
5.512.500
()965.776
4.379.130
288
()167.594
5.344.906
( )
31 2012
09
2012
2011
117.204.643
86.703.957
51.947.076
38.387.722
28.322.110
36.613.091
( )7
7.002.762
25.959
41.759.215
28.095.301
246.235.806
189.826.030
(
) .
010
. (
)
.
011
2012
2011
8.328.612
8.976.432
:
2012
2011
12.742.986
14.936.140
8.328.612
8.976.432
()11.621.668
()11.169.586
9.449.930
12.742.986
289
( )
31 2012
011 ()
.1999 2000
2002 4 .
.
2003 2004 1 .
2005 2011 .
2002 .
2003 45.226 2003 .
2004 2005 514.981 .
.2005 2006 2011 .
31 2011 .
012
35.000.000 ( 35.000.000 :2011) 10 .
013
4 2013 1.5 ( 3.7 :2011 )
54 ( 130 :2011 ) ) %37 :2011( %15 .
290
( )
31 2012
014
2012
2011
14.760.181
12.101.584
8.488.583
6.133.058
8.181.465
6.738.557
4.446.869
2.843.466
1.921.917
4.126.486
()749.014
( )
2.449.029
4.020.736
4.119.968
41.070.737
38.512.148
015
2012
2011
24.092.024
18.174.461
3.680.219
2.517.251
2.543.571
2.443.235
5.419.787
5.887.111
35.735.601
29.022.058
016
2012
2011
990.087
101.325
557.818
1.050.595
1.547.905
1.151.920
291
( )
31 2012
017
. 74.3 31
2012 ( 93.7 :2011 ).
74.7 ( 88.3 :2011 )
.
018
131 ( 171.5 :2011 ).
019
.
:
31 :2012
1.013.701.527
48.998.911
1.062.700.438
100.267.591
22.473.445
122.741.036
86.189.129
21.959.660
108.148.789
230.511.316
672.446
231.183.762
1.183.970.479
40.411.844
1.224.382.323
924.730.878
37.356.970
962.087.848
109.701.017
21.989.012
131.690.029
92.379.618
21.318.532
113.698.150
141.257.644
1.843.680
143.101.324
897.089.049
34.550.455
931.639.504
31 : 2011
292
( )
31 2012
:
31 : 2012
335.927.606
85.000.861
420.928.467
902.862.550
159.837.888
1.062.700.438
()722.193.364
()140.959.700
()863.153.064
180.669.186
18.878.188
199.547.374
31 :2011
294.935.134
1.261.267
296.196.401
905.868.032
56.219.816
962.087.848
()719.264.293
()43.599.320
()762.863.613
186.603.739
12.620.496
199.224.235
020
.
() 20 .
2.6 ( 1.4 :2011 ) .
.
. 0.88
( :2011 ) .
021
.
.
.
293
( )
31 2012
.
.
.
. .
60
30 60
.
90
.
.
. .
022
.
.
.
294
( )
31 2011
295
296
( )
31 2011
2011
2010
23.936.096
16.631.901
330.452.502
349.920.740
427.770.076
392.602.786
782.158.674
759.155.427
144.245.324
149.805.014
5.344.906
5.512.500
11.475.000
149.590.230
166.792.514
931.748.904
925.947.941
189.935.430
178.234.506
25.972.145
24.157.642
10
132.625.688
115.564.630
11
12.742.986
14.936.140
361.276.249
332.892.918
53.940.095
43.418.890
40.375.398
43.418.890
94.315.493
404.695.139
427.208.411
1 23 .
297
( )
31 2011
2011
2010
12
350.000.000
2.000.000
348.000.000
12.369.815
1.000.000
24.007.960
51.679.625
130.000.000
96.059.905
516.377.775
498.739.530
10.675.990
527.053.765
498.739.530
931.748.904
925.947.941
13
1 23 .
298
( )
31 2011
2011
2010
962.087.848
981.411.177
()762.863.613
()750.596.430
199.224.235
230.814.747
14
()38.512.148
()32.416.595
15
()29.022.058
()27.298.640
131.690.029
171.099.512
1.151.920
6.178.409
()10.348.783
()11.998.573
16
122.493.166
165.279.348
()167.594
122.325.572
349.010
122.674.582
11
()8.976.432
113.698.150
165.279.348
165.279.348
()13.868.172
151.411.176
( ):
3.76
4.89
3.25
4.33
35.000.000
35.000.000
1 23 .
299
( )
31 2011
2011
2010
122.325.572
165.279.348
15.504.567
15.323.029
3.043.492
5.301.960
167.594
10.348.783
11.998.573
151.390.008
197.902.910
22.112.279
66.369.943
()35.167.290
84.160.650
13.515.427
()44.120.056
151.850.424
304.313.447
()10.348.783
()11.998.573
()11.169.586
()10.050.531
130.332.055
282.264.343
()9.944.877
()13.675.348
()16.987.500
1.750.000
()9.944.877
1 23 .
300
()28.912.848
( )
31 2011
2011
2010
()473.788
11.025.000
()56.584.136
()111.764.997
17.061.058
()143.282.429
()96.059.905
()2.985.000
()124.557.983
()258.506.214
()4.170.805
()5.154.719
16.631.901
11.475.000
23.936.096
1 23 .
301
634.916
21.151.704
16.631.901
( )
31 2011
31 2009
2.000.000
31 2010
31.335
282.019
2.313.354
348.000.000
151.411.176
151.411.176
348.000.000
2.000.000
348.000.000
348.000.000
968.665
()968.665
()99.044.905
96.059.905
1.000.000
51.679.625
96.059.905
498.739.530
113.698.150
113.698.150
()96.059.905
()96.059.905
516.377.775
()348.000.000
11.369.815
()130.000.000
130.000.000
350.000.000
12.369.815
24.007.960
130.000.000
31 2011
()11.369.815
1 23 .
302
()2.985.000
( )
31 2011
01
() /198 25 1428
( 7 2007) . 2050056359 22
1428 ( 4 2007) . .
:
2011
2010
()
%100
%100
2050004182
%100
%100
2050006007
%51
%51
2050073249
1 2011
2010.
.
2011 2 2011 348.000.000
34.800.000 10 .
. 35.000.000 10 .
02
. .
.
.
03
:
303
( )
31 2011
03 ()
.
.
.
.
.
.
/ /
.
.
.
.
. .
.
.
.
304
( )
31 2011
03 ()
.
. :
)
.
)
.
)
.
( )
.
.
.
%10
. .
.
. .
305
( )
31 2011
03 ()
.
. .
.
.
. .
( )
( )
.
.
.
306
( )
31 2011
04
2011
2010
280.343.701
326.081.398
( )6
23.196.798
7.254.382
10.191.286
7.910.459
2.149.692
2.082.728
2.644.041
11.926.984
6.591.773
330.452.502
349.920.740
05
2011
2010
235.355.261
236.033.207
72.728.820
56.666.031
58.413.164
39.142.768
49.204.761
50.330.195
12.068.070
10.430.585
427.770.076
392.602.786
307
( )
31 2011
06
:
2011
2010
2011
2010
939.177
1.767.766
4.019.586
4.237.481
13.633.659
4.314.445
11.319.266
3.016.902
7.501.200
.
/ 4 9 .
308
7.501.200
( )
31 2011
07
:
8 33
3 12
3 10
2011
2010
:
13.375.403
106.824.976
131.639.609
32.233.220
22.085.637
306.158.845
3.552.547
3.512.365
2.371.200
()26.994
()5.825
508.765
-
9.944.877
89.640
292.393.857
13.675.348
()32.819
10.625.482
()10.625.482
13.375.403
121.003.005
135.124.980
34.598.595
11.968.920
316.070.903
306.158.845
36.737.462
93.887.987
25.728.382
156.353.831
141.017.063
5.134.595
7.737.566
2.632.406
15.504.567
15.323.029
41.872.057
()26.994
101.598.559
()5.825
28.354.963
()32.819
171.825.579
13.739
156.353.831
:
31 2011
13.375.403
79.130.948
33.526.421
6.243.632
11.968.920
31 2010
13.375.403
70.087.514
37.751.622
6.504.838
22.085.637
309
144.245.324
149.805.014
( )
31 2011
07 ()
25
26 1400 4 1980 . .
25 .
.
:
2011
2010
12.524.289
12.180.284
( )14
537.043
320.339
( )15
2.443.235
2.822.406
15.504.567
15.323.029
08
%49
. .
.
31 2011 :
5.512.500
()167.594
5.344.906
310
( )
31 2011
09
2011
2010
86.703.957
89.526.728
38.387.722
42.349.451
36.613.091
20.950.965
28.095.301
23.553.264
( )6
135.359
1.854.098
189.935.430
178.234.506
010
.
.
011
311
2011
2010
8.976.432
13.868.172
( )
31 2011
2011
2010
14.936.140
-
45.000
11.073.499
8.976.432
13.868.172
()11.169.586
()10.050.531
12.742.986
14.936.140
.1999 2000
2004 5.1 .
2005 2010 .
.2002
2003 351 . 2004
. 2005 2010 .
012
35.000.000 ( 200.000 : 2010) 10 .
013
28 2012 3.7 130
%37 . 2 2011 2.7
96.060 %27 .
312
( )
31 2011
014
2011
2010
12.440.018
10.548.177
6.738.557
6.245.290
6.133.058
6.700.958
4.126.487
2.456.695
2.449.029
864.115
1.389.556
1.196.826
( )7
537.043
320.339
4.698.400
4.084.195
38.512.148
32.416.595
015
2011
2010
18.174.461
18.048.810
2.517.251
3.199.308
( )7
2.443.235
2.822.406
5.887.111
3.228.116
29.022.058
27.298.640
313
( )
31 2011
016
2011
2010
2.523.500
2.324.696
101.325
565.115
1.050.595
765.098
1.151.920
6.178.409
017
. 93.7 31
2011 ( 60 :2010 ).
88.3 ( 18.5 :2010 )
.
018
171.5 ( 171 :2010 ).
019
.
:
31 :2011
924.730.878
37.356.970
962.087.848
109.701.017
21.989.012
131.690.029
92.379.618
21.316.551
113.696.169
142.401.644
1.843.680
144.245.324
897.099.965
34.550.455
931.650.420
314
( )
31 2011
019 ()
31 : 2010
942.077.490
39.333.687
981.411.177
148.956.243
22.143.269
171.099.512
130.287.311
21.123.865
151.411.176
148.666.454
1.138.560
149.805.014
891.465.252
34.482.689
925.947.941
31 : 2011
279.082.434
1.261.267
280.343.701
905.868.032
56.219.816
962.087.848
()719.264.293
()43.599.320
()762.863.613
186.603.739
12.620.496
199.224.235
31 :2010
265.607.010
60.474.388
326.081.398
823.122.724
158.288.453
981.411.177
()631.952.199
()118.644.231
()750.596.430
191.170.525
39.644.222
230.814.747
020
2011 ( :2010 )
.
() 20 20
. 1.443.028
( :2010 ) .
315
( )
31 2011
021
.
.
.
.
.
.
. .
30 60 60
90 .
.
.
.
022
.
.
.
023
.
316
317
318