You are on page 1of 21

c

» 





c
c

c
c
c
» 
  






»

 

c
c
»  




»



 
 



 
 


  » 



  »»    


 




 





 » 



c
c




 
»

c
c
!"#$%&''($)$*!+,&-(,%$!,


».

#+,
/0 1$#,0#2 /0 1!,",0#&0-#$#+,
  
» »»  %$!3$/1',# $0$%$*!&"" 40/,0#.
*!+*/(',&0-+,&!# ,"##+&05"&!,%$!$*!(,"##,&3+,!
6»  7#$/$# 8&#,*"&0-,03$*!&4,*"#$3$/1',#,#+ "#&"5 c
c
c

‡
c
c
c
c
9 »» 

+,"3$1,$%#+,1!$:,3# "#$- "3*""#+,/&!5,# 04"#!&#,4 ,"&-$1#,-&0-&11' ,-(;6 $3$ $'&72 &5 "#&0. !$/
#+,'&"##)$/$0#+$!"$$*!4!$*1 " 0#+,1!$3,""$%3$0# 0*$*"!,",&!3+$0#+,/&!5,# 04%*03# $0"&0-
"#!&#,4 ,"&-$1#,-(;6 $3$ $'&7.+,",/&!5,# 04%*03# $0"/& 0'; 03'*-,#+,/&!5,# 04/ < =,2 !$-*3#
"#!&#,4;2 ! 3 04"#!&#,4 ,"21! 3 04#$$'&0-"#!&#,4 ,"&"),''&"$#+,!/&!5,#"#!&#,4 ,"

»$!,$8,!#+,1!$:,3#&'"$/&!5,#4!$)#+&0-#!,0-2$11$!#*0 # ,"&0&';" "&0-"#!&#,4 ,"$%/&5 043$/1,# # 8,


&-8&0#&4,&-$1#,-(;> $3$ $'&?.

,) ''' 5,#$&--&#+,1!$:,3#) ''1!$8 -,#+,!,&-,!"&0-' "#,0,!"8,!;+ 4+';1!$% ', 0%$!/&# $0&($*##+,
/&!5,# 04"#!&#,4 ,"&"&)+$',&0-&'"$&($*##+, $3$ $'& $/1&0;.0#+,,0-+$1,#+&##+,1!$:,3#) ''
!,"*'#8,!;1!$% #&(',%$!#+,!,&-,!"&0- $3$ $'&






         

.c 350$)',-4/,0#
@.c +,<,3*# 8,*//&!;        
.c 0#!$-*3# $0.
.c » "" $028 " $0&0-8&'*,".
&.c $3& $'&0#,!0&# $0&'+ "#$!;.
(.c $/,"# 3+ "#$!;.
A.c !$-*3#' 0,.
.c *!!,0#" #*&# $0&0&';" "
&.c »&!5,# $0- # $0
(.c »&!5,##!&#,4;
3.c »&!5,#&0&';" "
-.c »&!5,#"+&!,&0&';" ".
,.c »&!5,# $" # $0 04
%.c ! 3,#!&#,4;
4.c !$/$# $0#!&#,4;

B.c »&!5,# 04"#!&#,4 ,"$%3$3&3$'&
&.c !$-*3#
(.c '&3,
3.c !$/$# $0
m
c
-.c ! 3,
.c &', !$/$# $0 3# 8 #;
.c $3$3$'&")$#&0&';" "
&.c #!,04#+
(.c ,&50,""
3.c 11$!#*0 # ,"
-.c +!,&#
.c !$% #&0-'$"""#&#,/,0#"
.c 0&03 &'+ 4+' 4+#"
@.c 3# $01!$4!&/"












   

$3&= $'& "&3&!($0&#,-"$%#-! 05"$'- 0"#$!,"2!,"#&*!&0#"&0-8,0- 04/&3+ 0,"2$!'-) -,+, $3&= $'& $/1&0;3'& /"#+&# #
""$'- 0/$!,#+&0@3$*0#! ,"..# "1!$-*3,-(;+, $3&= $'& $/1&0; 0 #'&0#&2,$!4 &2&0- "$%#,0!,%,!!,-#$" /1';&" $5,
$! 0*!$1,&0&0- /,! 3&03$*0#! ,"&"3$'&21$12$! 0"$/,1&!#"$%#+,..2"$-&. ! 4 0&''; 0#,0-,-&"&1&#,0#/,- 3 0,)+,0 #
)&" 08,0#,- 0 #+, '&#, #+ 3,0#*!; (; C$+0 ,/(,!#$02 $3&= $'& )&" ($*4+# $*# (; (*" 0,""/&0 "& ! 44" &0-',!2 )+$",
/&!5,# 04 #&3# 3" ',- $5, #$ #" -$/ 0&03, $% #+, )$!'- "$%#=-! 05 /&!5,# #+!$*4+$*# #+, @#+ 3,0#*!;. +, 3$/1&0; 1!$-*3,"
3$03,0#!&#,2)+ 3+ "#+,0"$'-#$8&! $*"' 3,0",- $3&= $'&($##',!"#+!$*4+$*##+,)$!'-.+,($##',!"2)+$+$'-#,!! #$! &'';,<3'*" 8,
3$0#!&3#") #+#+,3$/1&0;21!$-*3,% 0 "+,-1!$-*3# 03&0"&0-($##',"%!$/#+,3$03,0#!&#, 03$/( 0&# $0) #+% '#,!,-)&#,!&0-
"),,#,0,!".+,($##',!"#+,0",''2- "#! (*#,&0-/,!3+&0- ", $3&= $'& 03&0"&0-($##',"#$!,#& '"#$!,"&0-8,0- 04/&3+ 0,".*3+
($##',!" 03'*-, $3&= $'&0#,!1! ","2)+ 3+ "#+,'&!4,"#" 04', $3&= $'&($##',! 0$!#+ /,! 3&&0-,"#,!0*!$1,.+, $3&= $'&
$/1&0;&'"$",''"3$03,0#!&#,%$!%$*0#& 0"&',"#$/&:$!!,"#&*!&0#"&0-%$$-",!8 3,- "#! (*#$!".+, $3&= $'& $/1&0;+&"2$0
$33&" $02 0#!$-*3,-$#+,!3$'&-! 05"*0-,!#+, $5,(!&0-0&/,.+,/$"#3$//$0$%#+,", " ,# $5,2)+ 3++&"(,3$/,&/&:$!
- ,#3$'&.$),8,!2$#+,!",< "#2 03'*- 04 &%%, 0,= !,, $3&= $'&2 ,# $5, &%%, 0,= !,,2 $3&= $'& +,!!;2 $3&= $'&,!$2 $3&= $'&
&0 ''&2&0-"1,3 &',- # $0") #+',/$02' /,2$!3$%%,,.0!,"1$0",#$3$0"*/,! 0" "#,03,$0&/$!,0&#*!&'1!$-*3#2#+,3$/1&0; "
0#+,1!$3,""$%1+&" 04$*#@2$!"$- */(,0D$&#,2#+,3$0#!$8,!" &'&-- # 8,' 05,-#$ -&/&4,&0-+;1,!&3# 8 #; 03+ '-!,02$%
 ,# $5,.+,3$/1&0;+&""#&#,-#+&# #1'&0"#$!,/$8,#+,3$0#!$8,!" &'&-- # 8,%!$/ #"$#+,!1!$-*3#"2 03'*- 041! #,&0- &" "2
&""$$0&"&"&# "%&3#$!;&'#,!0&# 8, "- "3$8,!,-.

» 2 E


+,)$!'- "3+&04 04&''&!$*0-*".$3$0# 0*,#$#+! 8,&"&(*" 0,""$8,!#+,0,<##,0;,&!"&0-(,;$0-2),/*"#'$$5&+,&-2*0-,!"#&0-#+,
#!,0-"&0-%$!3,"#+&#) ''"+&1,$*!(*" 0,"" 0#+,%*#*!,&0-/$8,") %#';#$1!,1&!,%$!)+&#F"#$3$/,.,/*"#4,#!,&-;%$!#$/$!!$)#$-&;.
+&#F")+&#$*!@@ " $0 "&''&($*#.#3!,&#,"&'$04#,!/-,"# 0&# $0%$!$*!(*" 0,""&0-1!$8 -,"*") #+&G$&-/&1G%$!) 00 04#$4,#+,!
) #+$*!($##',!1&!#0,!".

» 

*!$&-/&1"#&!#") #+$*!/ "" $02)+ 3+ ",0-*! 04.#-,3'&!,"$*!1*!1$",&"&3$/1&0;&0-",!8,"&"#+,"#&0-&!-&4& 0"#
)+ 3+),), 4+$*!&3# $0"&0--,3 " $0".
a$!,%!,"+#+,)$!'-...
a$ 0"1 !,/$/,0#"$%$1# / "/&0-+&11 0,""...
a$3!,&#,8&'*,&0-/&5,&- %%,!,03,.

ú
c



 

*!8 " $0",!8,"&"#+,%!&/,)$!5%$!$*!$&-/&1&0-4* -,",8,!;&"1,3#$%$*!(*" 0,""(;-,"3! ( 04)+&#),0,,-#$
&33$/1' "+ 0$!-,!#$3$0# 0*,&3+ ,8 04"*"#& 0&(',2H*&' #;4!$)#+.


 


*! 00 04 *'#*!,-,% 0,"#+,&## #*-,"&0-(,+&8 $!"#+&#) ''(,!,H* !,-$%*"#$/&5,$*!@@ " $0&!,&' #;.


 


*!8&'*,"",!8,&"&3$/1&""%$!$*!&3# $0"&0--,"3! (,+$)),(,+&8, 0#+,)$!'-.
a
,&-,!"+ 1I+,3$*!&4,#$"+&1,&(,##,!%*#*!,
a $''&($!&# $0I
,8,!&4,3$'',3# 8,4,0 *"
a0#,4! #;I,!,&'
a 33$*0#&( ' #;I% # "#$(,2 #F"*1#$/,
a &"" $0I $// ##,- 0+,&!#&0-/ 0-
a 8,!" #;I " 03'*" 8,&"$*!(!&0-"
aJ*&' #;I+&#),-$2),-$),''

 » 

a $3*"$00,,-"$%$*!3$0"*/,!"23*"#$/,!"&0-%!&03+ ",1&!#0,!"
a,#$*# 0#$#+,/&!5,#&0-' "#,02$(",!8,&0-',&!0
a $"",""&)$!'-8 ,)
a $3*"$0,<,3*# $0 0#+,/&!5,#1'&3,,8,!;-&;
a, 0"&# &(';3*! $*"

 » 

a 3#) #+*!4,03;
a,/& 0!,"1$0" 8,#$3+&04,
a&8,#+,3$*!&4,#$3+&04,3$*!",)+,00,,-,-
a,/& 03$0"#!*3# 8,';- "3$0#,0#
a$!5,%% 3 ,0#';


 

a,&33$*0#&(',%$!$*!&3# $0"&0- 0&3# $0"
a#,)&!-";"#,/&"",#"&0-%$3*"$0(* '- 048&'*,
a,)&!-$*!1,$1',%$!#&5 04! "5"&0-% 0- 04(,##,!)&;"#$"$'8,1!$(',/"


  
 

$3&= $'& 0#,!1! ","2 ,"#&(' "+,- 0 2 " & ;$*04 3$/1&0; (; #+, "#&0-&!-" $% #+, $3&= $'&
";"#,/. ,# ,&3+ $% #" %!&03+ "," +&" & "#!$04 +,! #&4, 0 #+, #!&- # $0" $% $3&= $'& #+&# " #+,
%$*0-&# $0%$!#+ " $/1&0;.

À
c
+, $3&= $'& $/1&0; #!&3," #?" (,4 00 04 #$ 2 )+,0 &0 #'&0#& 1+&!/&3 "#2 !. C$+0 ,/(,!#$02
(,4&0 #$ 1!$-*3, $3&= $'& ";!*1 %$! "&', 0 %$*0# & 0 -! 05". $),8,! #+, ($##' 04 (*" 0,"" (,4&0 0
 )+,0 #)$ +&##&0$$4& (*" 0,""/,02 ,0:&/ 0 . +$/&" &0- C$",1+ . + #,+,&-2 ",3*! ,- #+,
,<3'*" 8,! 4+#"#$($##',&0-",'' $3&= $'&%$!/$"#$%#+,0 #,-#&#,"%!$/+, $3&= $'& $/1&0;.
+, $3&= $'& ($##' 04 ";"#,/ 3$0# 0*,- #$ $1,!&#, &" 0-,1,0-,0#2 '$3&' (*" 0,""," *0# ' #+, ,&!'; 
")+,0($##' 04%!&03+ ","(,4&0#$3$0"$' -&#,.0 2+, $3&= $'& $/1&0;/,!4,-"$/,$% #"
3$/1&0;=$)0,- $1,! &# $0" ) #+ #)$ '&!4, $)0,!"+ 1 4!$*1" #+&# ),!, %$! " &',2 #+, C$+0 .
*1#$0
%!&03+ "," &0-   $'- 04 $!1$!&# $0F" ($##' 04 +$'- 04"2 #$ %$!/ $3&= $'& 0#,!1! "," 03. +,
$/1&0; $%%,!,- #" "#$35 #$ #+, 1*(' 3 $0 $8,/(,! @2 2 &# & "1' #=&-:*"#,- 1! 3, $% KA.A & "+&!,.
0&0&00*&'(&" "2#$#&'*0 #3&","&',"),!,2 0.
0,3,/(,!2&/,!4,!(,#),,0 $3&= $'&0#,!1! ","&0-#+,C$+0"#$0 $3&= $'&$##' 04!$*1203.
C$+0"#$0 3!,&# ,- & '&!4,!2 "#!$04,! $/1&0;2 &4& 0 +,'1 04 &33,',!&#, ($##',! 3$0"$' -&# $0. " 1&!# $%
#+,/,!4,!2#+,",0 $!/&0&4,/,0##,&/$%C$+0"#$0&""*/,-!,"1$0" ( ' #;%$!/&0&4 04#+, $/1&0;2
&0-(,4&0&-!&/&# 32"*33,""%*'!,"#!*3#*! 04 0@.0 #3&","&'," +&-3' /(,-#$.( '' $02&0-#$#&'
!,8,0*,"),!,KA( '' $0.






 »  

$3& 3$'& "#&!#,- #" $1,!&# $0" 0 &5 "#&0 0 ,&!'; " <# ,". +, (!&0- (,3&/, 8,!; 1$1*'&! 0 & 8,!; "+$!# "1&0 $% # /, &0- #+,
3$/1&0;(!$&-,0,- #"$1,!&# $0"#$/,,# #" 03!,&" 04-,/&0-".+,3$3&3$'& 0&*4*!&#,-#+, !1'&0# 0»*'#&0&#,+&! !$&- 0
A.# ""# ''" #*&#,-&##+,"&/,1'&3,.0 # &''; #)&" 0#!$-*3,-&"&%!&03+ ",(&" ".+,$)0,!")+$#$$5#+,%!&03+ ",),!,0$#
%$3*" 04$0#+,H*&' #;$%3$5,8,!;/*3+&0-#+,;),!,*0&(',#$/,,##+,"#&0-&!-$%3$5, 0#,!0&# $0&'';.+,;),!,'$" 04#+,
/&!5,#"+&!,&4& 0"# ,1" .$#+,3$3&3$'&3$/1&0;0$)+&"#&5,0$8,! # 0 &5 "#&0.,!,),)$*'-' 5,#$ 03'*-,"$/,$%#+,
1$1*'&!"'$4&0"$%3$5," 03,#+,3$5,:$*!0,;"#&!#,-.

6c ! 05 $3&= $'&


6c ,##+,4,0* 0,
6c @0:$;#+ !"#
6c +,0 #F"+&!-#$4,#"#&!#,-2"#&!#) #+& $3&= $'&
6c @+,$0';#+ 04' 5, $3&= $'& " $3&= $'& #",'%
6c A+,%! ,0-' ,"#-! 05$0,&!#+
6c + 04"4$(,##,!) #+ $5,
6c  ')&;". $3&= $'&
6c @
%, "$$-
6c @C$ +&+$$C&;, $3& $'&0:$;
6c @+&&
,; ,,
,;,,
,; $3& $'&



  

²
c
$-&; 
 "$1,!&#,-- !,3#';*0-,!#+,"*1,!8 " $0$%#+, $3&= $'&0#,!0&# $0&'(&",- 0 #'&0#&,$!4 &#&#,LLL .#$)0"
1'&0#"&''&!$*0- 0 &5 "#&0.

6c &!&3+ .
6c
&+$!,.
6c *:,!)&'
6c &),'1 0- 
6c ,"+&)&!
6c ;-,!&(&-







  


 

(,8,!&4, "&-! 05"1,3 % 3&'';1!,1&!,-%$!+*/&03$0"*/1# $0. '/$"#&')&;" #'&!4,';3$0" "#"$%)&#,!.+,", 03'*-,I
a&#,!2%!$/#+,#&1$!%!$/&($##',
aC* 3,2%$!,<&/1',%!* #:* 3,"28,4,#&(',:* 3,"
a$%#-! 05"
6c
,/$0&-,
6c &!($0&#,--! 05"4,0,!&'';3&'',-"$-&" 0#+,&"#,!0.
6c  $'&
6c  04,!&',
6c $$#(,,!
6c  !,&/"$-&
6c 1$!#"-! 05"
6c 0%*" $0"
6c $%%,,
6c ,&
6c & !;-! 05"2%$!,<&/1',/ '52;$4+*!#-! 0523+$3$'&#,/ '52
6c / '5"+&5,


  
  


+,3$3&3$'&(,8,!&4, 0-*"#!; "3*!!,0#';1!$-*3 04- %%,!,0##;1,"$%(,8,!&4,1!$-*3#".+,/$"#%&/$*"&!,I
6c 
  
6c  2 
6c 
)&#,!»  »  
+,($##',"#+&#&!,% '',- 0#+ "1'&0#&!,@A/'&0-' #,!($##',".+,1,#($##',"# 01&35"&!,0$#% '',-.+,($##',"&!,&'"$0$#
1!$-*3,- 0#+ "1'&0#.

     

+,#$#&'!&04,$% $3& $'&3$/1&0; 0 &5 "#&0 03'*-,"I
6c $5,.
×
c
6c 1! #,.
6c &0#&.
6c  ,# $5,.


 

   


»   

»&!5,#3$0- # $0)$!'-) -,

  æ  



 


 
 
6c $3& $'&"+&!,M 0)+$',)$!'-.
6c ,1" "+&!,M 0)+$',)$!'-.
6c #+,!"1!$-*3#"+&!,M 0)+$',)$!'-.

»&!5,#1$" # $0 0 &5 "#&0

(
c

%10 ,.
Coca-Cola
%36 ,.
Pepsi

Others
%54


6c $3& $'&"+&!,M 0 &5 "#&0.
6c ,1" "+&!,AM 0 &5 "#&0.

6c #+,!"1!$-*3#"+&!,M 0 &5 "#&0.

»  
6c $ 04'$(&'c

’c *!J*&' #; !$/ ","cc

’c &!4,# 04$*04» 0-cc

’c +&04," %$##',," 40cc

’c *0"'&0-cc

’c $3& &-"cc

’c $3&$5+&cc

’c $5, */1cc

»  
I

+,/&!5,#&0&';" " 08,"# 4&#,"($#+#+, 0#,!0&'&0-,<#,!0&'(*" 0,"",08 !$0/,0#.# "8 #&'#+&# $3&3$'&3&!,%*'';
/$0 #$!($#+#+, 0#,!0&'&0-,<#,!0&'&"1,3#"!,4&!- 04 #?"(*" 0,""&"($#+#+, 0#,!0&'&0-,<#,!0&',08 !$0/,0#&0-
#+, !!,"1,3# 8, 0%'*,03,") ''(,-,3 " 8,#!& #" 0!,'&# $0#$ $5,?""*33,""&0-"*!8 8&' 0#+,"$%#-! 05 0-*"#!;.


 »

+, 0#,!0&'(*" 0,"",08 !$0/,0#&0- #" 0%'*,03, "#+&#)+ 3+ "#$"$/,,<#,0#) #+ 0#+,(*" 0,""?"3$0#!$'.+,
/& 0&##! (*#," 0#+, 0#,!0&',08 !$0/,0# 03'*-,,%% 3 ,03; 0#+,1!$-*3# $01!$3,""2#+!$*4+/&0&4,/,0#"5 ''"&0-
,%%,3# 8,3$//*0 3&# $03+&00,'".$,%%,3# 8,';3$0#!$'&0-/$0 #$!#+, 0#,!0&'(*" 0,"",08 !$0/,0#2 $5,/*"#
3$0-*3#3$0# 0*&'&11!& "&'"$%#+,(*" 0,""?"$1,!&# $0"&0-!,&- ';&3#*1$0&0;%&3#$!"2)+ 3+3&*", 0,%% 3 ,03 ," 0
&0;1+&",$%#+,1!$-*3# $0&0-3$0"*/,!1!$3,"". 

c

9
 »
 
+,<#,!0&'(*" 0,"",08 !$0/,0#&0- #" 0%'*,03,"&!,*"*&'';1$),!%*'%$!3,"#+&#3&0&%%,3#&)+$', 0-*"#!;&0-2 0
%&3#2&)+$',,3$0$/;. +&04," 0#+,,<#,!0&',08 !$0/,0#) ''3!,&#,$11$!#*0 # ,"$!#+!,&#" 0#+,/&!5,#1'&3, $3&
3$'&/*"#(,&)&!,$%%. '*3#*&# $0" 0#+,,3$0$/;23+&04 043*"#$/,!&## #*-,"&0-8&'*,"2&0--,/$4!&1+ 31&##,!0"
+,&8 '; 0%'*,03,#+,"*33,""$% $3& $'&?"1!$-*3#"$0#+,/&!5,#&0-#+,!,3,1# $0#+,;!,3, 8,%!$/#+,3$0"*/,!".


»   


$3&3$'& "0$)$0,$%#+,'&!4,"#3$!1$!&# $0" 0#+,)$!'-2) #+&4'$(&')$!5%$!3,$%$8,!2&0-!,8,0*,"$%K.


( '' $0 0!,8,0*," 0@. 8,!#+,;,&!"2#+,(!&0-,H* #;$%#+,3$3&3$'&#!&-,/&!52&"),''&"#+&#$%$#+,!3$3&3$'&
1!$-*3,-(!&0-"2+&","#&(' "+,-3$3&3$'&&"1!$/ 0,0#% 4*!, 0#+,0$0=&'3$+$' 3(,8,!&4, 0-*"#!;&0-&''$),-#+,
3$/1&0;#$5,,1($#+!,8,0*,"&0-1!$% #"+ 4+.


»&!5,#"+&!,&0&';" "3$/1&!," $3& $'&?"(*" 0,"""&',"1,!%$!/&03,) #+#+&#$% #"3$/1,# #$!".0 &5 "#&0 $3& $'&
'$$5"#$ 03!,&", #"/&!5,#"+&!,%!$/M#$AM.

»   



!$-*3#&04,

+,#$#&'!&04,$% $3& $'&3$/1&0; 0 &5 "#&0 03'*-,"I
6c $5,.
6c 1! #,.
6c &0#&.
6c  ,# $5,.

0-3$/1&0;$%%,!"#+, !1!$-*3#" 0- %%,!,0#($##'," D,"#+,", 03'*-,"I
6c "#&0-,!"" D,!,#*!0&(',($##',
6c
' ##,!!,#*!0&(',($##',
6c 0$!,#*!0($##',$!- "1$"&(',($##',
6c .A.A' ##,!1'&"# 3($##',

6c # 01&35/'

&35 04

$3&3$'&1!$-*3#"&!,&8& '&(', 0- %%,!,0#1&35 04
6c @!,4*'&!($##',"+,''
6c ($##',1&35%$!.A1,#"
6c @($##'," 0&1&35%$!- "1$"&(',($##',

6c @3&0" 0$0,1&35.




c
  

!&-, !$/$# $0
$3& $'& $/1&0;4 8," 03,0# 8,"#$/ --',/,0$!!,#& ',!" 0)&;&#+&##+,;$%%,!#+,/%!,,"&/1',"&0-%!,,,/1#;($##',"2(;#+ "#+,",
!,#& ',!"&0-/ --',/&01*"+#+, !1!$-*3# 0#+,/&!5,#. 0-#+&#?")+;3$3&3$'&",,0/$!, 0#+,/&!5,#. 0-#+,;+&8,&4$$-"&', 0#+,/&!5,#
(,3&*",&33$!- 04#$#+,,<1,!#)+ 3+1!$-*3#",,0/$!, 0#+,/&!5,##+&#",''"/$!,.
6,,0&""$'-7
+,;-$&4!,,/,0#") #+&"+$15,,1,!"&0-"#$!,"#$,<3'*" 8,"&', 0#+&#"#$!,".+,","#$!,"&!,3&'',-&"&33$*0#" 0#+, !'$3&''&04*&4,.
0-3$5,&'"$ 08,"#+,&8;(*-4,#$0#+,","#$!,"&0-$%%,!"#+,/%!,,"&/1',"&0-%!,,($##',"&0-"$/,# /,3&"+ 03,0# 8,".

 %%,!,0# ! 3, 0 %%,!,0#,&"$0"
$/,# /," $3& $'& $/1&0;3+&04,#+, !1!$-*3#1! 3,"&33$!- 04#$#+,",&"$0.*//,! ""*11$",-#$(,&4$$-",&"$0%$!(,8,!&4, 0-*"#!; 0
&5 "#&0.
$ 0) 0#,!#+,;!,-*3,#+, !1! 3,"#$/& 0#& 0#+, !"&',"&0-1!$% #.*#0$!/&'';#+,;!,-*3,#+,1! 3,"$%#+, !1,#($##',"$!' ##,!4'&""($##',.

 »   

,## 04"+,'8,"
+,;4,#"$!1*!3+&","+,'8," 0( 4-,1&!#/,0#&'"#$!,"&0-- "1'&;#+, !1!$-*3#" 0#+&#"+,'8," 0#+&#"#;',)+ 3+"+$)#+, !
1!$-*3#/$!,3',&!&0-/$!,&##!&3# 8,%$!#+,3$0"*/,!".

;, &#3+ 04 $" # $0
&',"/&0 $% #+, 3$3& 3$'& 3$/1&0; 1$" # $0" #+, ! %!,,D,!" &0- #+, ! 1!$-*3#" 0 ,;,=3&#3+ 04 1$" # $0". $!/&''; #+,; 5,,1 #+, !
%!,,D,!"0,&!#+,,0#!&03,$%#+,"#$!,".

&', !$/$# $0
$/1&0;&'"$-$"1$0"$!"+ 1") #+- %%,!,0#3$'',4,&0-"3+$$'?"3&%,"&0-"1$0"$!"#+, !"1$!#",8,0#"&0-$#+,!,<#!&3*!! 3*'*/
&3# 8 # ,"%$!4,## 04/&!5,#"+&!,.

 "#! (*# $0 +&00,'
$3& $'& $/1&0;/&5,"#)$#;1,"$%",'' 04
 !,3#",'' 04
0- !,3#",'' 04

 !,3#,'' 04
0 - !,3# ",'' 04 #+,; "*11'; #+, ! 1!$-*3#" 0 "+$1" (; *" 04 #+, !$)0 #!&0"1$!#". +,; +&8, &'/$"# A 8,+ 3'," #$ "*11'; #+, !
($##',".0#+ "#;1,$%",'' 043$/1&0;+&8,/$!,1!$% #/&!4 0.



»    


*!'$3&'/&!5,# 04"#!&#,4;,0&('," $5,#$' "#,0#$&''#+,8$ 3,"&!$*0-#+,)$!'-&"5 04%$!(,8,!&4,"#+&#"1&0#+,


,0# !,"1,3#!*/$%#&"#,"&0-$33&" $0".+&#1,$1',)&0# 0&(,8,!&4, "&!,%',3# $0$%)+ 3+#+,;&!,2)+,!,#+,;' 8,2
+$) #+,; )$!5 &0- 1'&;2 &0- +$) #+,; !,'&< &0- !,3+&!4,. +,#+,! ;$*F!, & "#*-,0# 0 #+, 0 #,- #&#," ,0:$; 04 &
!,%!,"+ 04 $3&= $'&2&)$/&0 0#&';#&5 04&#,&(!,&52&3+ '- 0 ,!*&"5 04%$!&:* 3,-! 052$!&3$*1', 0$!,&(*; 04
($##',- )&#,! &%#,! & !*0 #$4,#+,!2 ),F!, #+,!, %$! ;$*. , &!, -,#,!/ 0,- 0$# $0'; #$ /&5, 4!,&# -! 05"2 (*# &'"$ #$
3$0#! (*#,#$3$//*0 # ,"&!$*0-#+,)$!'-#+!$*4+$*!3$// #/,0#"#$,-*3&# $02+,&'#+2),''0,""2&0-- 8,!" #;. $5,
"#! 8," #$ (, & 4$$- 0, 4+($!2 3$0" "#,0#'; "+&1 04 $*! (*" 0,"" -,3 " $0" #$ /1!$8, #+, H*&' #; $% ' %, 0 #+,
3$//*0 # ," 0)+ 3+),-$(*" 0,"".#F"&"1,3 &'#+ 04#$+&8,( '' $0"$%%! ,0-"&!$*0-#+,)$!'-2&0-),0,8,!%$!4,#
#.

c


 

$3& $'&-$," #"1$" # $0 04$0#+,(&" "$% #"#&"#,. 03,&(*" 0,""+&"-,3 -,-)+ 3+",4/,0#"$%#+,/&!5,# #) ''
3$/1,#, 02-,8,'$1,-&3',&!1 3#*!,$% #"#&!4,#/&!5,#&0--,% 0,- #"1!$-*3#2#+,1$" # $0 04"#!&#,4;3&0(,-,8,'$1,-.
$" # $0 04 " #+, 1!$3,"" $% 3!,&# 042 #+, /&4, #+, 1!$-*3# +$'-" 0 #+, / 0- $% 3$0"*/,!"2 !,'&# 8, #$ 3$/1,# 04
1!$-*3#". $3& $'&&0- !&05' 0"($#+/&5,"$%#-! 05"N&'#+$*4+ !&05' 0"/&;#!;#$3$/1,#,#+,;) ''"# ''(,",,0&"
-$)0/&!5,#%!$/ $3& $'&. $" # $0 04+,'1"3*"#$/,!"*0-,!"#&0-)+&# "*0 H*,&($*##+,1!$-*3#")+,03$/1&!,-
) #+#+,3$/1,# # $0. $3& $'&1'&0#$%*!#+,!3!,&#,1$" # $0"#+&#) ''4 8,#+, !1!$-*3#"#+,4!,&#,"#&-8&0#&4, 0#+, !
#&!4,# /&!5,#". $3& $'& +&" (,,0 1$" # $0,- (&",- $0 #+, 1!$3,"" $% 1$" # $0 04 (; - !,3# 3$/1&! "$0 &0- +&8,
1$" # $0,-#+, !1!$-*3#"#$(,0,% ##+, !#&!4,#/&!5,#.»$"#1,$1',3!,&#,&0 /&4,$%&1!$-*3#(;3$/1&! 04 ##$&0$#+,!
1!$-*3#2#+*",8 -,0##+!$*4+#+,%&/$*"(&##',"(,#),,0 $3&= $'&&0- ,1" 1!$-*3#".

,8,'$1 04#+,»&!5,# 04» <$! ?"

+, /&!5,# 04 / < " 1!$(&('; #+, /$"# 3!*3 &' "#&4, $% #+, /&!5,# 04 1'&00 04 1!$3,"". + " " )+,!, #+, /&!5,# 04
#&3# 3"%$!,&3+1!$-*3#&!,-,#,!/ 0,-.+,/&!5,# 04/ <!,%,!"#$#+,3$/( 0&# $0$%#+,%$*!%&3#$!"1! 3,21!$/$# $02
1!$-*3#2&0-1'&3,#+&#/&5,*1#+,3$!,$%&(*" 0,""?"/&!5,# 04"#!&#,4;.0#+ ""#,1$%#+,/&!5,# 041'&00 041!$3,""2
/&!5,# 04/ </*"#(,-," 40,-#$"&# "%;#+,)&0#"$%#&!4,#/&!5,#"&0-&3+ ,8,#+,/&!5,# 04$(:,3# 8,".+,/$"#
"*33,""%*'(*" 0,"","+&8,3$0# 0*&'';/$0 #$!,-&0-3+&04,-#+, !/&!5,# 04/ <-*,#$!,"1,3# 8, 0#,!0&'&0-,<#,!0&'
%&3#$!"&0-+&8,/$0 #$!,-#+,,<#,!0&'(*" 0,"",08 !$0/,0# 0$!-,!#$/&< / D,#+, !/&!5,# 04/ <3$/1$0,0#".

!$-*3#

»&0; !$-*3#"&!,1+;" 3&'$(:,3#"#+&#;$*3&0$)0&0-#&5,+$/,.*##+,)$!-1!$-*3#/,&0"/*3+/$!,#+&0:*"#


1+;" 3&'4$$-".0/&!5,# 0421!$-*3#&'"$!,%,!"#$",!8 3,"2"*3+&"+$' -&;"$!&/$8 ,2)+,!,;$*,0:$;#+,(,0,% #"
) #+$*#$)0 04#+,!,"*'#$%#+,",!8 3,.

*" 0,""," /*"# #+ 05 &($*# 1!$-*3#" $0 #+!,, - %%,!,0# ',8,'"2 )+ 3+ &!, #+, 3$!, 1!$-*3#2 #+, &3#*&' 1!$-*3# &0- #+,
&*4/,0#,- 1!$-*3#. +, 3$!, 1!$-*3# " )+&# #+, 3$0"*/,! " &3#*&''; (*; 04 &0- #+, (,0,% #" # 4 8,". $3& $'&
3*"#$/,!" &!, (*; 04 & ) -, !&04, $% "$%# -! 05". +, &3#*&' 1!$-*3# " #+, 1&!#" &0- %,&#*!,"2 )+ 3+ -,' 8,! #+, 3$!,
1!$-*3#. $0"*/,!") ''(*;#+,3$5,1!$-*3#(,3&*",$%#+,+ 4+"#&0-&!-"&0-+ 4+H*&' #;$%#+, $3& $'&1!$-*3#".+,
&*4/,0#,-1!$-*3# "#+,,<#!&3$0"*/,!(,0,% #"&0-",!8 3,"1!$8 -,-#$3*"#$/,!". 03,"$%#-! 05"&!,&3$0"*/&(',
4$$-2#+,&*4/,0#,-',8,' "8,!;' / #,-.*# $3& $'&-$$%%,!&+,'1' 0,&0-3$/1'& 0#1+$0,",!8 3,%$!3*"#$/,!")+$
&!,0$#"&# "% ,-) #+#+,1!$-*3#$!) "+#$4 8,%,,-(&35$0#+,1!$-*3#".

 

 # "$%#,0+&!-#$"&;,<&3#';)+;),(*;$0,3$/1&0;?"1!$-*3#$8,!&0$#+,!. $/1&0 ,""*3+&" 5,&0-


- -&""1,0-'&!4,&/$*0#"$%/$0,;#!; 04#$) 03$0"*/,!"&)&;%!$/#+, !3$/1,# #$!")+$/&5,1!$-*3#"#+&#&!,
8,!;" / '&!.+,1$1*'&! #;$%#+,(!&0- "$%#,0#+,-,3 - 04%&3#$!. 8,!#+,# /, $3& $'&+&""1,0#/ '' $0"$%-$''&!"

c
-,8,'$1 04 &0- 1!$/$# 04 #+, ! (!&0- 0&/,2 !,"*'# 04 0 )$!'-) -, !,3$40 # $0. F $3&= $'&F " #+, /$"# !,3$40 D,-
#!&-,/&!52!,3$40 D,-(;M$%#+,)$!'-F"1$1*'&# $0&0- "#+,/$"#) -,';!,3$40 D,-)$!-&%#,!G G. $3& $'&?"!,-
&0-)+ #,3$'$!"&0-"1,3 &')! # 04&!,&'',<&/1',"$%)$!'-=) -,#!&-,/&!5".

  


+,!,&!,- %%,!,0#(!&0-"$%#+, $3& $'& $/1&0;2)+ 3+&!,3*!!,0#'; 0*",#+!$*4+$*##+,)$!'-.+ "3$/1&0;0$#


$0';-,&'" 0#+,3&!($0&#,--! 05"(*#&'"$$#+,!-! 05".+ ','&*03+ 04 #"1!$-*3#2#+,/&!5,# 04#,&/3$0" -,!"#+,
3*'#*!,$%#+,3$*0#!;.

»&:$!(!&0-"$%3$3&3$'&

6c $5,
6c 1! #,
6c &0#&
6c  ,#3$5,
6c $5,3'&"" 3
 »  

»

$3&3$'&3$/1&0;*",- %%,!,0#/,- */"
6c ! 0#/,- &
6c $"/&#,! &'
6c 83$//,!3 &'
6c  ''($&!-"&0-+$'- 04"


  »   


.c =
  
@.c =
  
.c =
 »

.c =
E»  
?


  
  

I  
6c   » O » I
m
c
# "!&#,-&"#+,)$!'-?"0*/(,!$0,3$'--! 05&0- "%&/,-%$! #" 0#,!0&# $0&'';),''=50$)0(!&0-0&/,6 $3&= $'&7.

$3&= $'&+&"(,,0&3$/1',<1&!#$%)$!'-3*'#*!,%$!&8,!;'$04# /,.+,1!$-*3#F" /&4, "'$&-,-) #+$8,!=!$/&0# 3 D 042&0-#+ "


"&0 /&4,/&0;1,$1',+&8,#&5,0-,,1';#$+,&!#.+, $3&= $'& /&4, "- "1'&;,-$0="+ !#"2+&#"2&0-3$'',3# (',/,/$!&( ' &.
+ ",<#!,/,';!,3$40 D&(',(!&0- 04 "$0,$% $3&= $'&F"4!,&#,"#"#!,04#+".G0:$;,-/$!,#+&0A/ '' $0# /,"&-&;&!$*0-#+,
)$!'- $3&= $'&"#&0-"&"&" /1',2;,#1$),!%*'";/($'$%H*&' #;&0-,0:$;/,0#G '',02A.

6c  
 I

$3&= $'&F"($##' 04";"#,/ "$0,$%#+, !4!,&#,"#"#!,04#+".#&''$)"#+,/#$3$0-*3#(*" 0,""$0&4'$(&'"3&',)+ ',&##+,"&/,


# /, /& 0#& 0 & '$3&' &11!$&3+. +, ($##' 04 3$/1&0 ," &!, '$3&''; $)0,- &0- $1,!&#,- (; 0-,1,0-,0# (*" 0,"" 1,$1', )+$ &!,
&*#+$! D,-#$",''1!$-*3#"$%#+, $3&= $'& $/1&0;.,3&*", $5,-$,"0$#+&8,$*#! 4+#$)0,!"+ 1$% #"($##' 040,#)$!52 #"/& 0
"$*!3,$%!,8,0*, "#+,"&',$%3$03,0#!&#,#$ #"($##',!".

6c 

I

+, !,4*'&! "*11'; $% #+, 1!$-*3#" " "#!,04#+ $%#+, 3$/1&0;. +,1!$-*3#" &!, !,4*'&!'; "*11' ,- #$ #+, -,&',!" #+!$*4+ 1!$% 3 ,0#
/,&0"$%-,' 8,! 04&0-- "#! (*# $0+&"4 8,0 $3&= $'& &5 "#&0&0&--,-&-8&0#&4,. $5,#!*35""*11';#+,1!$-*3#"!,4*'&!';&0-
&')&;"+&8,#+,-," !,-1!$-*3#"%$!#+,-,&',!".

6c »  I

#"/&!5,# 04"#!&#,4; "8,!;&44!,"" 8,)+ 3+& -" # 0%*!#+,!&0- 03,""&0#1!$-*3# $0&0-- "#! (*# $0$% #"1!$-*3#".#4 8,"#!&-,
$%%,!" #$ #" -,&',!" %$! "#$! 04 /$!, &0- /$!, 3$5, 1!$-*3#" &0- #+, " 40&4, "#!&#,4 ," &0- &44'$/,!&# $0 $% &'' #+, /&!5,# 04
"#!&#,4 ,"1!$8,"#+&# #+&"&8,!;&44!,"" 8,/&!5,# 04"#!&#,4;.+ ") ''+,'1 $3&= $'& &5 "#&0 0"#!,04#+,0 04 #" 0#,4! #; 0#+,

6c  »

O 
I

+,( 44,"#"#!,04#+$%3$3$3$'&>" "#+,#&"#,.,!,",&!3+,-$0 #&0-&"5#$$/&0;1,$1',#+,;' 5,3$3$3$'&(,3&*", # "0$##$$


/*3+"),,#&"3$/1&!,#$$#+,!"#+,!, ""$/,",3!,# 04!,- ,0#)+ 3+ "+ 4+';3$0% -,0# &'

 

,&50,"","%$!&0;(*" 0,""3+&!4,#$(,($#+/ 0 / D,-&0-/$0 #$!,- 0&-:*"#/,0##$% 0,!&33$/1' "+&(*0-&03,&0-&( ' #; 0


#+, !(*" 0,""F"&3# 8 # ,"2&'#+$*4+ $3$ $'& "8,!;"*33,""%*'(*" 0,""3$/1&0;2) #+' / #,-),&50,"".$),8,!#+,;-$+&8,&
8&! ,#;$%),&50,""#+&#0,,-#$(,&--!,"",- %#+,;)&0##$!& ",#+,0,<#',8,'.

6c 
  » I

+,-,3 " $0/&5 041!$3,"" 0#+,3$/1&0; "+ 4+';3,0#!&' D,-&0-#+,)$!5,!"%,,'#+&##+,!,,< "#"0$1!$1,!&*#+$! #;,< "# 04 0
#+,% !/.+,"&',"/,0%,,'- ""&# "% ,-%$!#+,;&!,#$#&'';1$),!',""#$/&5,&0;-,3 " $0"#+,/",'8,".0-,&' 04) #+#+, !(*;,!"
#+,;+&8,0$##+,"' 4+#,"#&*#+$! #;#$&''$)#+,/&0;3!,- #$!- "3$*0#.

6c  I

!,",0#';#+,/&!5,#"+&!,$%3$3&3$'& 0 &5 "#&0 "$0';M+$),8,! ,1" +&"&/&!5,#"+&!,$%BBM.,8,0#+$*4+ 0#,!0&# $0&'';


3$3& 3$'& " 3$0" -,!,- #+, 0*/(,! $0, (!&0-. +, 1!$(',/ +$),8,! ' ," )+; " # #+&# 3$5, " *0&(', #$ &##& 0 & "#!$04 +$'- 0
&5 "#&0.+,&0"),!#$#+ " "0$#" /1',2(*##+!$*4+8&! $*"!,&"$0 04$0,$%#+,/&:$!&##! (*#,"#$#+ " "3$5,+&"&),&5+&0-
$0 #"- "#! (*# $03+&00,'.0&!&3+ 2+$1"&0-"#$!,"1*##+, !0&/,"$01& 0#,-(!&0-,-($&!-"2&0-&!,($*4+#(;#+,3$'&/&:$!"
#$"#$35$0';#+, !(!&0-"2#+,!,(;$(8 &# 04&0;"&',"1 #3+(;#+, !3$/1,# #$!".0#+ "3&",3$5,+&"(,,0(,&#,0(; ,1" &#8&! $*"
$33&" $0".

c
6c  »  E »
I

$/,# /,H* 35&3# $0 "0,3,""&!;(*#-*,#$#+,3,0#!&' D,--,3 " $0/&5 04 # "0$#1$"" (',.$),8,!#+,3$/1,# #$!"-$*",#+,
'$3&'&11!$&3+&"1,!#+,&!,&!,H* !,/,0#.

6c 
  
»I

$3&= $'&$0#+,$#+,!" -,+&",%%,3#"$0#+,#,,#+F")+ 3+ "&0 ""*,%$!+,&'#+3&!,.#&'"$+&"4$#"*4&!(;)+ 3+


3$0# 0*$*"-! 05 04$% $3&= $'&/&;3&*",+,&'#+1!$(',/"., 04&-- 3#,-#$ $3&= $'&&'"$ "&+,&'#+1!$(',/2(,3&*",
-! 05 04$% $3&= $'&-& ';+&"&0,%%,3#$0;$*!($-;&%#,!%,);,&!"

6c
  
I

+,1!$-*3# "0$#&8& '&(',#$#+,,<#,0##+&# #"+$*'-(,.% $3&= $'&)&0#"#$/&5,&0 /1&3# 0#+,/&!5,##+,;) ''+&8,#$-$


/$!,#+&0#+,;&!,-$ 04&##+,1!,",0#/$/,0#.%),#&'5 04&($*##+,!*!&'&!,&" 0 &5 "#&0 $3$3$'& "0$#%!,H*,0#';&8& '&(',&"
#"3$/1,# #$!"&!,.# "#+,!,&"$0#+&# $3$ $'& $/1&0; "*0&(',#$"1!,&- #"!$$#" 0#+ "/&!5,#&" #+&"-$0,4'$(&'';.

6c
   »  I

$3& 3$'& " 8,!; /*3+ 3$0"3 $*" &($*# #+, ! ( ''($&!-"2 +$'- 04" &0-  3$//,!3 &'" (*# #+,", !$/$# $0&' &3# 8 # ," +&8, (,,0
4!,&#';0,4',3#,- 0/&0;&!,&","1,3 &''; 0#,! $!" -,"$%$*!1!$8 -,03,".+ " 0-,,-!,"*'#" 0&+ 4+-,4!,,$%- %% 3*'#;%$!3$5, 0
1,0,#!&# 04#+,/&!5,#.



6c » I

,50$)#+&# $5,3&/,#$ &5 "#&0/&0;;,&!"&4$&0-" 03, # ")$!5 04+&!-#$-,8,'$1 #"/&!5,#.,#+ 05#+&# $3&= $'&3&0
",3*!,0,)-,&',!"&0-(*;,!"$% #"1!$-*3#&""# '''&!4,1&!#$%#+,3$*0#!; ""# ''-,8$ -$% #"1!$-*3#".#3&01!$/$#, #"1!$-*3#" 0
#+,;$*04,!4,0,!&# $0(;#&!4,# 04#+,0,)$*#',#"(, 04$1,0,--*,#$ /1!$8,-'&)E$!-,!" #*&# $0&0-&4!$) 041$1*'&# $0.

0$#+,!0,)/&!5,# ")& # 04%$! $3$ $'& "#+,!*!&'&!,&)+,!,3$/1&0;0,,-#$&--!,"") #+ #" 0#,4!&#,-/&!5,# 04#$$'"&0-
"#!&#,4 ,"#$/&5,#+,/&)&!,&0--,8,'$1#+,#&"#,$%#+,",1,$1',.

6c  »     I

 $3&= $'&F"($##' 04";"#,/&'"$&''$)"#+,3$/1&0;#$#&5,&-8&0#&4,$% 0% 0 #,4!$)#+$11$!#*0 # ,"&!$*0-#+,)$!'-.+ ""#!&#,4;


4 8," $5,#+,$11$!#*0 #;#$",!8 3,&'&!4,4,$4!&1+ 32- 8,!",.

6c  » I

 3+,/&!5,#"#+&#&/1',3$/1&0 ,"-$0$#&/( # $0#$",!8,


c


 

6c 

*!!,0#';2#+,#+!,&#$%0,)8 &(',3$/1,# #$!" 0#+,3&!($0&#,-"$%#-! 05 0-*"#!; "0$#8,!;"*("#&0# &'.+,#+!,&#$%"*("# #*#,"2


+$),8,!2 "&8,!;!,&'#+!,&#.+,"$%#-! 05 0-*"#!; "8,!;"#!$042(*#3$0"*/,!"&!,0$#0,3,""&! ';/&!! ,-#$ #. $"" (',
"*("# #*#,"#+&#3$0# 0*$*"';1*#1!,""*!,$0($#+ ,1" &0- $5, 03'*-,#,&23$%%,,2:* 3,"2/ '52&0-

6c    I

0&!,&""*3+&"
&H&#&(&-2,)&!&3+ 2' //,!,#3 &5,(,8,!&4,"(;#+,0&/,$%3$5,&!,(, 04"*11' ,-(;*050$)01,$1',.
*3+&3# 8 # ,"!,&'';+&/1,!#+,3$/1&0;?"0&/,&0- #"(!&0-$! 4 0&' #;. ($8,&''#+,%&5,(,8,!&4,""*11' ,-&!,&'/$"#" / '&!#$
#+,#&"#,$%#+,$! 4 0&' $5,(!&0-&0-0$#,8,!;$0,3&0-,3 1+,!#+,- %%,!,03,(,#),,0#+,$! 4 0&'&0-#+,%&5,1!$-*3#.+ " " 0
%&3#&4!,&##+!,&##$ $3&= $'&%$!*0)$!#+;1,$1', "#&5 04&-8&0#&4,$% #"(!&0-0&/,&0-"1$ ' 04 #"4$$-0&/, 0#+,/&!5,#

6c » I

#&'"$!,1!,",0#"&5,;#+!,&# 0#+, 0-*"#!;.+,! 8&'!;(,#),,0 ,1" &0- $5,+&"1!$-*3,&8,!;"'$)/$8 04 0-*"#!; 0)+ 3+
/&0&4,/,0#/*"#3$0# 0*$*"';!,"1$0-#$#+,3+&04 04&## #*-,"&0--,/&0-"$%#+, !3$0"*/,!"$!%&3,'$" 04/&!5,#"+&!,#$#+,
3$/1,# # $0. *!#+,!/$!,23$0"*/,!"3&0,&" ';") #3+#$$#+,!(,8,!&4,") #+' ##',3$"#$!3$0",H*,03,.

6c »    I

+,/&04$",&"$0 "&4!,&##+!,&##$ $3&= $'&?"$1,!&# $0"&0-&'"$ #""&',". 33$!- 04#$"#&# "# 3"-*! 04#+,/&04$",&"$0 $3&=
$'&?""&',"&!,!,-*3,-(;&($*#@A=M.+ " " 0-,,-&+*4,('$)#$ $3&= $'&,"1,3 &'';" 03, # "&%& !';0,)3$/1&0; 0#+,
/&!5,#.+,4!,&#,"#&%%,3# "$0#+,!,8,0*,%!$/#+,!*!&'&!,&")+,!,/&04$-! 05"#&5,$8,!.$),8,!#+ " "$0,%&3#$!#+&# $5,
3&00$#-$&0;#+ 04&($*#%$! # "0$# 0#+, !+&0-".%#+,/&04$",&"$0 "#$3$/,0$#+ 043&0(,-$0,&($*# #.

6c 3$0$/ 3&'&0-1$' # 3&' ""*,".


6c $/1,# #$!?"3+,/,"


c

The Coca-Cola Company and Subsidiaries

Condensed Consolidated Balance Sheets

(UNAUDITED)

(In millions except par value)


1! '2@

cASSETS 
CURRENT ASSETS 
ccc ccc
  c K2
ccc  c 

c @
cccc  c
 c c c 2
ccc  
c @2@
ccc
ccc c c @2
TOTAL CURRENT ASSETS 2B

cINVESTMENTS 
ccc
c c
   c 
cccccc   c 
c 
!c c"#$#c 2
cccccc   c%"$c"#$# #cc #&#c 
cccccc   c$
c'

c 
cccccc   c 
c#c =
cccccc( c

 c
!c
cc)
 c  c @2
ccc( c
   c

 c
!c
c 
TOTAL INVESTMENTS A2BAB

cOTHER ASSETS 2B
PROPERTY, PLANT AND EQUIPMENT ² net 2@A
TRADEMARKS WITH INDEFINITE LIVES 2@
GOODWILL 2
OTHER INTANGIBLE ASSETS @2

TOTAL ASSETS K2

c
LIABILITIES AND EQUITY 
CURRENT LIABILITIES 
ccc$  c cc cc KA2A
ccc'cc c c 2B
ccc  c 

c*c ! c c 

ccc$ c
c c A
TOTAL CURRENT LIABILITIES 2

cLONG-TERM DEBT A2B
OTHER LIABILITIES @2
DEFERRED INCOME TAXES A
THE COCA-COLA COMPANY SHAREOWNERS' EQUITY 
cccccc c c+,#-.cc  /c$ 
0c1c.2,,cc 
cccccc 
c 
c 2@

c
cccccc c  c 2
cccccc 
 c  c  cc
 c @2
cccccc  c c c c @2@B
  AA O SHAOWNS OF H COCA-COA COMPAN @2B@
  AA O NONCONONG NSS 
OA   @2

c OA AS AND   K2


c 

c

he Coca-Cola Company and Subsidiaries


Condensed Consolidated Statements of Cash Flows 
(NADD) 
(n millions) 


+!,,»$0#+"0-,-
1! '2@
c 
cOPANG ACS 
 
 c cc K2A
  cc   c @
! "# c  c$ c A
% cc $ c @
&'  cc c
 c c%c c 
( c c)  c @
* cc 
 c%c  c
c#
c   c A
+  c  c  c B
+  c  c 
, ccc  c  cc
#
  c 2
ccc, c c c#c  c   c B

cNSNG ACS 
'    cc  c 

c# cc 
ccc#
c cc   c B
-   c%c  c  c 
-  c% c  
c%c#
c cc  c  c B
-   c%c  c
 cc'  c B
-  c% c  
c%c  c
 cc'  c B
+  c c   c 
ccc, c c cc c   c A

c
FNANCNG ACS 

(
c
E  c%c# c A2BA
- c%c# c 2
E  c%c c 
-   c%c c% c  c =
 c A
ccc, c c c#c%c   c 2B

cFFC OF  CHANG A CHANGS ON 
CASH AND CASH  ANS @

CASH AND CASH  ANS 
, c  c c c c @2A
.
c c#c%c c 2B
ccc.
c cc%c c K2

c
 
 




 
 »

+, $3&= $'& $/1&0;#$-&;!,1$!#,-"$' -% !"#H*&!#,!@!,"*'#"-,"1 #,&3+&'',04 04,3$0$/ 3,08 !$0/,0#2) #+
*0 # 3&", 8$'*/, 03!,&" 04 @ 1,!3,0#2 "*33,""%*''; 3;3' 04  1,!3,0# 4!$)#+ 0 #+, 1! $! ;,&! H*&!#,!. 3H* " # $0"
3$0#! (*#,-1,!3,0#&4,1$ 0#$%*0 #3&",8$'*/,4!$)#+%$!#+,H*&!#,!.

0#,!0&# $0&'';2#+, $/1&0;&3+ ,8,-(!$&-=(&",-*0 #3&",8$'*/,4!$)#+$%1,!3,0#.0 #3&",8$'*/, 03!,&",- 0


5,; ,/,!4 04/&!5,#"2 ) #+  1,!3,0# 4!$)#+ 0 0- &2  1,!3,0# 4!$)#+ 0 + 0&2 + 4+ " 04',=- 4 # 4!$)#+ 0 $*#+,!0
*!&" &2+& '&0-&0- ,#0&/&0-/ -" 04',=- 4 #4!$)#+ 0$!,&&0- 4,! &.

*! 04#+,H*&!#,!2
&# 0 /,! 3&3$0# 0*,-) #+"#!$04*0 #3&",8$'*/,4!$)#+$%A1,!3,0#2',-(;&1,!3,0# 03!,&", 0
»,< 3$&0-&1,!3,0# 03!,&", 0!&D '2&"),''&"3$0# 0*,-8$'*/,&0-8&'*,"+&!,4& 0" 0($#+"1&!5' 04&0-"# ''
(,8,!&4,".

*!$1,$*#1,!%$!/,-#+, 0-*"#!;&0-4& 0,-8$'*/,&0-8&'*,"+&!,.0 #3&",8$'*/,4!$)#+$%1,!3,0# 0$!#+),"#


*!$1,)&"$%%",#(;" 40 % 3&0#/&3!$,3$0$/ 33+&'',04," 0 ,0#!&'&0-&"#,!0*!$1,!,"*'# 04 0*0 #3&",8$'*/,%$!
#+,4!$*1-,3' 0 04@1,!3,0# 0#+,H*&!#,!23;3' 041,!3,0#4!$)#+ 0#+,1! $!;,&!H*&!#,!.

$!#+ /,! 3&&4& 0$*#1,!%$!/,-#+, 0-*"#!;24& 0 040$0&'3$+$' 3!,&-;=#$=-! 05"+&!,%$!#+,% %#+3$0",3*# 8,H*&!#,!.
$!#+ /,! 3&!,&' D,-",H*,0# &' /1!$8,/,0#) #+*0 #3&",8$'*/,-,3' 0 04@1,!3,0# 0#+,H*&!#,!.

0 C&1&02 *0 # 3&", 8$'*/,)&" ,8,02 $*#1,!%$!/ 04#+, 0$0&'3$+$' 3 !,&-;=#$=-! 05 0-*"#!; &0- !,"*'# 04 0 #+, %$*!#+
3$0",3*# 8,H*&!#,!$%"+&!,4& 0".

1&!5' 04(,8,!&4,*0 #3&",8$'*/,)&",8,0 0#+,H*&!#,!.0#,!0&# $0&'"1&!5' 04(,8,!&4,*0 #3&",8$'*/, 03!,&",-


1,!3,0# 0#+,H*&!#,!23;3' 04A1,!3,0#4!$)#+.


c
# ''(,8,!&4,*0 #3&",8$'*/, 03!,&",-1,!3,0# 0#+,H*&!#,!2',-(;"#!$044!$)#+&3!$""#+,1$!#%$' $2 03'*- 04:* 3,"
&0-:* 3,-! 05"2"1$!#"-! 05"2#,&"2&0-)&#,!(!&0-".0#,!0&# $0&'"# ''(,8,!&4,*0 #3&",8$'*/, 03!,&",-1,!3,0# 0
#+,H*&!#,!.

'$(&'';2#+, $/1&0;4& 0,-8$'*/,&0-8&'*,"+&!, 00$0&'3$+$' 3!,&-;=#$=-! 05(,8,!&4,"%$!#+,",8,0#+3$0",3*# 8,


H*&!#,!.

  



+, $/1&0; !,1$!#,- % !"# H*&!#,! @ ,&!0 04" 1,! "+&!, $% K.A. %#,! 3$0" -,! 04 #,/" /1&3# 04 3$/1&!&( ' #;2
,&!0 04"1,!"+&!,%$!#+,H*&!#,!),!,K.A2&-,3!,&",$%1,!3,0#8,!"*"#+,@% !"#H*&!#,!.,1$!#,-,&!0 04"1,!
"+&!,%$!#+,% !"#H*&!#,!$%@ 03'*-,-&0,#3+&!4,$%K.B1,!"+&!,1! /&! ';!,'&#,-#$!,"#!*3#*! 043+&!4,"&0-
&"",#)! #,=-$)0".,1$!#,-,&!0 04"1,!"+&!,%$!#+,% !"#H*&!#,!$%@),!,K.2 03'*- 04&0,#3+&!4,$%K.1,!
"+&!, 1! /&! '; !,'&#,- #$ !,"#!*3#*! 04 3+&!4," &0- &"",# )! #,=-$)0". ,"*'#" 0 #+, % !"# H*&!#,! $% @ ),!, &'"$
1$" # 8,'; /1&3#,-(;A&-- # $0&'",'' 04-&;"2)+ 3+) ''$%%",# 0#+,%$*!#+H*&!#,!.

1,!&# 04 03$/,%$!#+,% !"#H*&!#,!$%@-,3!,&",-1,!3,0#$0&!,1$!#,-(&" "8,!"*"#+,% !"#H*&!#,!$%@.#,/"


/1&3# 043$/1&!&( ' #;!,-*3,-% !"#H*&!#,!$1,!&# 04 03$/,(;K@/ '' $0 0@&0-(;KA/ '' $0 0@. %#,!
3$0" -,! 04 #+,", #,/"2 $1,!&# 04 03$/, )&" ,8,0. <3'*- 04 #+, /1&3# $% 3*!!,03;2 $1,!&# 04 03$/, 03!,&",- B
1,!3,0#2,<3,,- 04#+, $/1&0;?"3*!!,03;0,*#!&''$04=#,!/1!$% ##&!4,#.

0 ,(!*&!;2 #+, $/1&0; &11!$8,- #" B#+ 3$0",3*# 8, &00*&' - 8 -,0- 03!,&",2 !& " 04 #+, @ H*&!#,!';- 8 -,0- 
1,!3,0#.

+, $/1&0; "3*!!,0#';$0#!&35#$-,' 8,!KA/ '' $0 0&00*&' D,-"&8 04"%!$/1!$-*3# 8 #; 0 # &# 8,"(;;,&!=,0-
@.+,3$0# 0*,-&33,',!&# $0$%#+,",,%%$!#") '',0&(',3&"+%'$)"#$(,!,-,1'$;,-#$-! 8, 08,"#/,0#"%$!4!$)#+.

G+ ',#+,4'$(&',3$0$/ 3,08 !$0/,0#!,/& 0"3+&'',04 042),&!,),''1$" # $0,-%$!'$04=#,!/4!$)#+. *!(*" 0,""


)&"(* '#%$!# /,"' 5,#+,",2G"& -»*+#&!,0#21!," -,0#&0-3+ ,%,<,3*# 8,$%% 3,!2+, $3&= $'& $/1&0;.G,&4& 0
,<3,,-,- $*! '$04=#,!/ 1!$% # #&!4,# &0- -,' 8,!,- "$' - 8$'*/, !,"*'#". /1$!#&0#';2 0 /&0; )$!'-) -, /&!5,#"2 ),
$*#1,!%$!/,-#+,0$0&'3$+$' 3!,&-;=#$=-! 05 0-*"#!;2-! 8 04%*!#+,!8$'*/,&0-8&'*,"+&!,4& 0".&/3$0% -,0##+&#2
&!/,-) #+"#!$04(!&0-"&0-"$' -(*" 0,""%*0-&/,0#&'"2$*!,<1,! ,03,-/&0&4,/,0##,&/) ''3$0# 0*,-,' 8,! 04
&4& 0"#$*!'$04=#,!/#&!4,#".G

G $0"*/,!"&!$*0-#+,)$!'-'$8,&0-#!*"#$*!(!&0-"&0-#*!0#$*"#$1!$8 -," /1',/$/,0#"$%!,%!,"+/,0#0,&!';.


( '' $0 # /," ,8,!; -&;. 0- ,8,!; ),,52 $*! ";"#,/ !,&3+," @ / '' $0 3*"#$/,!" &!$*0- #+, )$!'- ) #+ 00$8&# 8,2
3&#,4$!;=',&- 04(!&0-"&0-",!8 3,"#+&#-,' 8,!&##+,1$ 0#=$%="&',.+,!,!,&''; "0$(,##,!3$0"*/,!(*" 0,""#$(, 0
#$-&;P$! #$/$!!$).G G *!#+,!2 $*! (*" 0,"" +&" + "#$! 3&''; 4,0,!&#,- " 40 % 3&0# 3&"+ %'$) 0 &'' ,3$0$/ 3 3$0- # $0"2
,0&(' 04 *" #$ 08,"# 0 5,; (!&0-" &0- 4,$4!&1+ ,"2 &0- 3$0" "#,0#'; !,#*!0 8&'*, #$ $*! "+&!,$)0,!". + " " 3',&!';
!,%',3#,- (; $*! B#+ 3$0",3*# 8, &00*&' - 8 -,0- 03!,&", &0- #+, 3$0# 0*,- 08,"#/,0# (,+ 0- $*! 4!$) 04 "#&(', $%
( '' $0-$''&!(!&0-".G

G *! "#!$04 %$*0-&# $02 3$0" "#,0# ",# $% "#!&#,4 3 1! $! # ,"2 &0- &' 40/,0# ) #+ $*! 08&'*&(', ($##' 04 1&!#0,!" ),!,
-! 8,!"$%$*!3$0# 0*,-"*33,""#+ "H*&!#,!. *!";"#,/ "#!*';' 5,0$$#+,!2&0- "0$)/$!,&' 40,-&0-/$!,3&1&(',
$%3!,&# 048&'*,%$!$*!3$0"*/,!"2$*!3*"#$/,!"2&0-$*!"+&!,$)0,!". ''$%#+ "1!$8 -,"*"3$0% -,03,#+&#+, $3&=
$'& $/1&0;) ''3$0# 0*,#$-,' 8,!3$0" "#,0#2'$04=#,!/"*"#& 0&(',4!$)#+&0-) #+4!,&#!,"$'8,) ''3$/,$*#$%#+ "
#*/*'#*$*"1,! $-/*3+(,##,!#+&0)+,0),,0#,!,-.G

‡
c



    »


$&3+ ,8,#+,(*" 0,""$(:,3# 8,"3$3&3$'&&-$1#,-#+,%$''$) 04"#!&#,4 ,"NL

6c $5, #*- $= $5, #*- $ " & /*" 3&' 1!$4!&/ "1$0"$!,- (;3$3& 3$'& &0-#,',3&"#,- $0 1$1*'&! 3+&00,'" 0
&5 "#&0.

6c $5,' #D=03$5,(' #D3$3&3$'&3$/1&0;>",/1'$;,,")$!5,-&"&#,&/&0-8 " #,-#+, !!,#& ',!"&0-+,'1,-
#+,/ 03',&0 04$%!,%! 4,!&#$!"&0-1'&3,-#+,/&#,&" ';!,&3+&(',1$" # $0.


6c 1! #,»&- ($*#=0#+ "1!$/$# $0&'&3# 8 #;&/,- &#,&/8 " #,-#+,*0 8,!" # ,"&''$8,! &5 "#&0 0",&!3+
$%#&',0#*0-,!#+,3$3&3$'&3$/1&0;0&/,#$1!$/$#, #"1!$-*3#.

6c &/&-+&0$%%,!=0/$0#+$%&/&-+&0"1,3 &'- "3$*0#"&!,4 8,0#$ 03!,&",#+,"&',".




‡