 ٢ ‫א‬‫א‬‫א‬‫א‬

 
 

‫א‬‫א‬
‫א‬‫א‬‫א‬

7
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
 K‫א‬‫א‬‫א‬‫א‬W‫א‬‫א‬
 
W‫א‬‫א‬W‫א‬‫א‬
K‫א‬‫א‬‫א‬‫א‬ K١
K‫א‬‫א‬‫א‬‫א‬ K٢
K‫א‬‫א‬ K٣
K‫א‬‫א‬‫א‬ K٤
 
 W‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
 
١٠W‫א‬‫א‬
 
 W‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ K١
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬K٢
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬K٣

 
 ١‫א‬W‫א‬‫א‬

8
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
 
‫א‬‫א‬ FASB‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬  ‫א‬  
    ‫א‬  ? W
 ‫א‬   K?‫א‬   ‫א‬    ‫א‬  ‫א‬
 W‫א‬‫א‬
  ‫א‬   ‫א‬‫א‬    ‫א‬     K١
K
K‫א‬‫א‬ K٢
K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ K٣
  ‫א‬ ‫א‬    ‫א‬   ‫א‬  
 K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
‫א‬  ‫א‬    ‫א‬  ‫א‬ ‫א‬  ‫א‬
‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬‫א‬   ،‫א‬  ‫א‬‫א‬  ‫א‬  ‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
   ‫א‬    ‫א‬ ‫א‬   ،‫א‬   ‫א‬ 
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 ،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬‫א‬ ‫א‬   ‫א‬   ‫א‬ ‫א‬ ‫א‬ 
 ‫א‬   K‫א‬    ‫א‬   ‫א‬ 
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
       ،‫א‬ ‫א‬   ‫א‬ ‫א‬  
      ‫א‬ ‫א‬ ‫א‬  ‫א‬  ‫א‬‫א‬ ‫א‬
     ،E   F ‫א‬   ‫א‬  ‫א‬‫א‬
‫א‬ ‫א‬‫א‬ ‫א‬  ‫א‬ ‫א‬‫א‬    ‫א‬  ‫א‬‫א‬
،‫א‬‫א‬‫א‬،‫א‬‫א‬

9
  ٢ ‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬،‫א‬ ‫א‬‫א‬

 ، ‫א‬‫א‬ ‫א‬
 ،‫א‬   ‫א‬ ‫א‬‫א‬ ‫א‬    ‫א‬
  ‫א‬ ‫א‬   ،     ‫א‬  ‫א‬‫א‬ 
‫א‬ ‫א‬‫א‬‫א‬‫א‬ ‫א‬
‫א‬‫א‬‫א‬ ،‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬‫א‬‫ א‬K١
K‫א‬‫א‬‫א‬‫ א‬K٢
K‫א‬‫א‬‫א‬‫ א‬K٣
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 
 ‫א‬‫א‬‫א‬‫א‬W 
‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬ 
‫א‬،‫א‬‫א‬،‫א‬
 ‫א‬‫א‬‫א‬ ‫א‬‫א‬ ،‫א‬‫א‬ 
‫א‬ ‫א‬ ‫א‬ ‫א‬  ‫א‬ ‫א‬ ‫א‬‫א‬  ‫א‬
 K‫א‬‫א‬‫א‬
 
 ‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬،
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬
  ‫א‬  ،‫א‬ ‫א‬    ‫א‬ ‫א‬ 
 W‫א‬‫א‬/‫א‬‫א‬‫א‬
 
 
 
10
  ٢ ‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬
    ‫א‬    ‫א‬  ‫א‬ ‫א‬   
 W‫א‬،‫א‬‫א‬/‫א‬‫א‬،

‫א‬ ‫א‬ 

 ‫א‬/   xxx
EKKKKKKKF‫א‬‫א‬/  xxx  
 

‫א‬‫א‬
 ،‫א‬‫א‬‫א‬‫א‬ 
    ‫א‬ ‫א‬ ،    ،‫א‬  
 W‫א‬‫א‬‫א‬‫א‬،‫א‬
 
‫א‬ ‫א‬ 
 EKKKKKKKF‫א‬‫א‬/   xxx
‫א‬‫א‬/  xxx  
 

 ‫א‬
‫א‬        ‫א‬  ‫א‬   
‫א‬‫א‬‫א‬‫א‬‫א‬ ،‫א‬
 W‫א‬‫א‬
‫א‬ ‫א‬ 
 EKKKKKKKF‫א‬‫א‬/   xxx
‫א‬/  xxx  
 

 ‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬ 
  ‫א‬  ‫א‬  ‫א‬ ‫א‬ ،‫א‬    ‫א‬ 
 K‫א‬

11
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬ 
K‫א‬‫א‬‫א‬  J
K‫א‬‫א‬‫א‬‫א‬  J

K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬ J

 
 ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
   ‫א‬  ‫א‬ ‫א‬‫א‬ ‫א‬ ،     ‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 K
‫א‬، ١٦{٠٠٠‫א‬‫א‬ 
‫א‬‫א‬‫א‬ ،
 W
‫א‬ ‫א‬  
 ‫א‬/    ١٦{٠٠٠
EKKKKKKF‫א‬‫א‬/  ١٦{٠٠٠  
 
 

 W‫א‬‫א‬‫א‬
 
‫א‬ ‫א‬ 
 EKKKKKKKF‫א‬‫א‬‫א‬/    ١٦{٠٠٠
‫א‬/  ١٦{٠٠٠  
 
 ‫א‬ ‫א‬    ٪٥   ‫א‬‫א‬  ‫א‬    
 W‫א‬‫א‬‫א‬‫א‬

12
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
 ٢٠٠Z١٢/٣C٪٥C١٦{٠٠٠Z‫א‬‫א‬
 

‫א‬ ‫א‬ 

 W  
 EKKKKKKKF‫א‬‫א‬/    ١٦{٠٠٠
 /    ٢٠٠
‫א‬/  ١٦{٢٠٠
 
 ‫א‬‫א‬‫א‬‫א‬
    ‫א‬   ‫א‬     ‫א‬   
 W‫א‬‫א‬‫א‬،
‫א‬‫א‬‫א‬‫א‬ W‫א‬ ‫א‬
  W  ،‫א‬     ‫א‬ ‫א‬   
٩١٤٣٢/١/١٢٠٠{٠٠٠‫א‬
K٪١٠
 W‫א‬‫א‬‫א‬
 
‫א‬ ‫א‬ 
 ‫א‬/    ٢٠٠{٠٠٠
‫א‬‫א‬/  ٢٠٠{٠٠٠  
 

١٥{٠٠٠ Z ١٢/٩ C٪١٠ C ٢٠٠{٠٠٠Z‫א‬‫א‬ ‫א‬ 

 W‫א‬،
 
‫א‬ ‫א‬ 
 W  
 EKKKKKKKF‫א‬‫א‬/    ٢٠٠{٠٠٠
 /    ١٥{٠٠٠
‫א‬/  ٢١٥{٠٠٠

13
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
‫א‬‫א‬‫א‬‫א‬‫א‬ 
 K‫א‬‫א‬‫א‬‫א‬
 
،‫א‬W‫א‬‫א‬
 ،  ‫א‬    ‫א‬   ،‫א‬     
٪١٠ ١٠٠{٠٠٠‫א‬ W
،    ‫א‬   ،  ‫א‬   ‫א‬   ،
K١٠٠{٠٠٠‫א‬‫א‬٩٠{٠٠٠
 W‫א‬‫א‬‫א‬
 
‫א‬ ‫א‬ 
 W  
 ‫א‬/    ٩٠{٠٠٠
 ‫א‬‫א‬/    ١٠{٠٠٠
‫א‬‫א‬/  ١٠٠{٠٠٠
 
 ١٠٠{٠٠٠‫א‬‫א‬ ‫א‬ 
 W‫א‬
 
‫א‬ ‫א‬ 
 ‫א‬‫א‬/    ١٠٠{٠٠٠
‫א‬/  ١٠٠{٠٠٠  
 
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬

14
  ٢ ‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬   ‫א‬ ‫א‬   ‫א‬  ‫א‬  
 K‫א‬‫א‬،‫א‬‫א‬‫א‬
 
 
‫א‬  ١٤٣٢ / ٧ / ٣٠ ‫א‬ 
 K١٤٣٣/١/١‫א‬‫א‬٥٠٠{٠٠٠‫א‬
 ‫א‬
،١٠٠{٠٠٠١٤٣٣‫א‬‫א‬‫א‬‫א‬
 W١٤٣٣/١٢/٣٠‫א‬‫א‬‫א‬
 
‫א‬‫א‬ ‫א‬
 W‫א‬‫א‬  
 ‫א‬‫א‬‫ א‬ ١٠٠{٠٠٠
       
 W‫א‬‫א‬  
‫א‬‫א‬ ٤٠٠{٠٠٠
 
 

‫א‬‫א‬
،‫א‬     ‫א‬   ‫א‬   ‫א‬ ‫א‬  
‫א‬‫א‬‫א‬‫א‬
‫א‬   ‫א‬    ‫א‬ ‫א‬   ،   
،‫א‬     E‫א‬ ‫א‬   F ‫א‬ ‫א‬ 
 ‫א‬  ‫א‬      ‫א‬ ‫א‬  
‫א‬ ‫א‬    ‫א‬  ‫א‬   ‫א‬  ‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬
 ‫א‬ ‫א‬  ‫א‬ ‫א‬  ، ‫א‬ ‫א‬‫א‬
 W‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬

15
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
‫א‬ ‫א‬ 
 ‫א‬‫א‬/   xxx
‫א‬‫א‬/  xxx  
  

 W‫א‬‫א‬‫א‬
 
‫א‬ ‫א‬ 
 ‫א‬‫א‬/   xxx
‫א‬/  xxx  
 

     ،‫א‬ ‫א‬     ‫א‬   ‫א‬ 
 K‫א‬‫א‬‫א‬،‫א‬
 
‫א‬‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬ 
‫א‬،
 W‫א‬‫א‬‫א‬K‫א‬
 
 ‫א‬‫א‬‫א‬
  ،          ‫א‬   
‫א‬ K‫א‬  ‫א‬ ‫א‬ ‫א‬       ‫א‬  ‫א‬
،‫א‬‫א‬،‫א‬‫א‬  ‫א‬‫א‬‫א‬
‫א‬ ١٠{٠٠٠K‫א‬  ‫א‬‫א‬
 W‫א‬
 
‫א‬ ‫א‬ 
 ‫א‬/    ١٠{٠٠٠
‫א‬‫א‬‫א‬/  ١٠{٠٠٠  

16
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
 W‫א‬‫א‬‫א‬٢{٠٠٠
 
‫א‬ ‫א‬ 
 ‫א‬‫א‬‫א‬‫א‬/  
 ١٠{٠٠٠
 W  
 
 ‫א‬/  ٨{٠٠٠
 
‫א‬‫א‬‫א‬/  ٢{٠٠٠
 
  ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬‫א‬
   ،‫א‬  ‫א‬    ‫א‬ ‫א‬  ‫א‬‫א‬  
،‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 ‫א‬  ‫א‬‫א‬‫א‬ ،‫א‬      ‫א‬   ‫א‬‫א‬
 W ،‫א‬‫א‬ ‫א‬‫א‬ ‫א‬‫א‬
 ‫א‬   ‫א‬ ‫א‬ ‫א‬‫א‬     ‫א‬
‫א‬ ٥٠٠، ١٠٠
 W‫א‬،
 

‫א‬ ‫א‬ 

 ‫א‬/    ٥٠{٠٠٠
‫א‬‫א‬‫א‬/  ٥٠{٠٠٠  
 

،‫א‬‫א‬‫א‬ 
 W‫א‬،‫א‬‫א‬
 

‫א‬ ‫א‬ 

 ‫א‬‫א‬‫א‬/    ١٠{٠٠٠
‫א‬‫א‬‫א‬‫א‬/  ١٠{٠٠٠  

17
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
‫א‬‫א‬‫א‬‫א‬W 
‫א‬‫א‬ ‫א‬‫א‬‫א‬ 
 ،‫א‬  ‫א‬         ‫א‬
، ‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬،
      ‫א‬‫א‬  ، ‫א‬   ‫א‬  ‫א‬
 K‫א‬،‫א‬‫א‬
 

 ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬ ‫א‬‫א‬   ‫א‬ ‫א‬ ‫א‬ ‫א‬ ‫א‬  ‫א‬
      ‫א‬  ‫א‬ ‫א‬ ‫א‬     
 ‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬   ‫א‬   ‫א‬ ‫א‬    W 
‫א‬، ١{٠٠٠{٠٠٠  ١٤٣٣ / ١٢ / ٣٠ ‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬،
 
‫א‬‫א‬ ‫א‬ ‫א‬‫א‬
J  ‫א‬‫א‬  ‫א‬١٠٠{٠٠٠
١٠٠{٠٠٠  ٪٢٥  ٥٠٠{٠٠٠–١٠٠{٠٠١
١٧٥{٠٠٠  ٪٣٥  ١{٠٠٠{٠٠٠–٥٠٠{٠٠١
 ٢٧٥{٠٠٠  ‫א‬‫א‬‫א‬
 ‫א‬ ‫א‬   ‫א‬  ‫א‬ ‫א‬  ‫א‬‫א‬   ‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬٢٧٥{٠٠٠
 W‫א‬

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  ٢ ‫א‬‫א‬‫א‬‫א‬

 
‫א‬ ‫א‬ 
 ‫א‬‫א‬/    ٢٧٥{٠٠٠
‫א‬‫א‬‫א‬/  ٢٧٥{٠٠٠  
 
 ‫א‬‫א‬‫א‬
‫א‬    ‫א‬ ‫א‬  ‫א‬ ‫א‬  ‫א‬ 
،‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬‫א‬
  ،‫א‬  ‫א‬ ‫א‬ ‫א‬   ‫א‬   ،‫א‬
‫א‬  ‫א‬  ‫א‬    ‫א‬‫א‬     ‫א‬
 W،‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬  ١{٠٠٠{٠٠٠‫א‬‫א‬٪٢٠
 K‫א‬
‫א‬‫א‬  ‫א‬
  ١{٠٠٠{٠٠٠  ٪٢٠  ‫א‬    ،‫א‬  
 K‫א‬
 W
 E–١{٠٠٠{٠٠٠F×٠{٢٠ZE‫א‬F
 ٠{٢٠ J٢٠٠{٠٠٠Z
 ٢٠٠{٠٠٠Z١{٢٠
 ١٦٦{٦٦٧Z
 W‫א‬١٦٦{٦٦٧‫א‬‫א‬
 
‫א‬ ‫א‬  
 ‫א‬‫א‬‫א‬/    ١٦٦{٦٦٧
‫א‬‫א‬‫א‬‫א‬/  ١٦٦{٦٦٧  
   

19
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
 
 ‫א‬‫א‬
 ‫א‬‫א‬
 W‫א‬ExF،‫א‬E√F

  FASB ‫א‬ ‫א‬  ‫א‬ ‫א‬    E١F
   ‫א‬? ‫א‬‫א‬  
  ‫א‬    ‫א‬  ‫א‬ ‫א‬‫א‬  ‫א‬  
EF K?‫א‬
       ‫א‬   ‫א‬‫א‬    E٢F
EF K‫א‬
  ‫א‬ ‫א‬  ‫א‬ ‫א‬ ‫א‬‫א‬  ‫א‬  ‫א‬ ‫א‬ E٣F
EF K‫א‬
EF K ‫א‬‫א‬‫א‬‫א‬‫א‬ E٤F
  ‫א‬  ‫א‬  ‫א‬ ‫א‬  ‫א‬‫א‬  ‫א‬ ‫א‬  E٥F
EF  K‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
  ‫א‬‫א‬‫א‬‫א‬‫א‬ E٦F
EF ‫א‬
EF ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ E٧F
   ‫א‬ ‫א‬ ‫א‬   ‫א‬ ‫א‬‫א‬   E٨F
EF ‫א‬‫א‬‫א‬
   ‫א‬  ‫א‬      ‫א‬‫א‬   E٩F
EF  ‫א‬‫א‬‫א‬‫א‬
EF ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ E١٠F
 
 
 

20
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
 
 ‫א‬‫א‬
‫א‬   ، ٢٠٠{٠٠٠  ‫א‬    ‫א‬  
‫א‬‫א‬،
 K‫א‬‫א‬‫א‬‫א‬٪٦‫א‬
 W‫א‬
 K‫א‬‫א‬‫א‬
 
 
 ‫א‬‫א‬
٤٠٠{٠٠٠‫א‬‫א‬‫א‬ 
    ‫א‬   K  ‫א‬   ‫א‬   ،٪٨
K‫א‬‫א‬‫א‬،‫א‬
 W‫א‬
K‫א‬‫א‬‫א‬
 
 
 ‫א‬‫א‬‫א‬
‫א‬ ‫א‬   ٪١٥      ‫א‬    
 K‫א‬‫א‬‫א‬‫א‬٢{٥٠٠{٠٠٠
 W‫א‬
 K‫א‬‫א‬‫א‬
 
 
 
 

21
  ٢ ‫א‬‫א‬‫א‬‫א‬

 
 
‫א‬‫ א‬

 ‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬E F،‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬‫א‬‫א‬،‫א‬
 ‫א‬‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬‫א‬
 E‫א‬‫א‬F‫א‬‫א‬
  ‫א‬  
     
 
         K‫א‬‫א‬‫א‬‫א‬  K١
        K‫א‬‫א‬  K٢
        K‫א‬‫א‬‫א‬  K٣
        K‫א‬‫א‬‫א‬‫א‬  K٤
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬  K٥
       
K‫א‬‫א‬‫א‬
        K‫א‬‫א‬ K٦
        K‫א‬‫א‬‫א‬  K٧
        K‫א‬‫א‬‫א‬‫א‬  K٨

،‫א‬‫א‬‫א‬E‫א‬F‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬????‫א‬،
 K‫א‬

 

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