( ) TIANJIN PORT (GROUP) CO., LTD A 64,566, ,853,

600717 2004 2 28

( ) TIANJIN PORT (GROUP) CO., LTD. 2 600717 A 64,566,422 1.00 9.5 6.13 2001 659,853,799 10 3 2004 3 9 2004 3 22 2004 3 8 700717 1-1-2

2001 659,853,799 10 3 197,956,140 64,566,422 :,,, 1 2 3 62.82% 57.23% 4 2004 5 6 4 6 2000~2002 36.48% 6 2002 33% 15% 2004 2 28 1-1-3

1-1-4...6...9...9...10...12...12...13...13...13...13...14...16...16...17...18...18...22...23...24...25...26...26...27...29...29...31...36...36...39...39...45...48...49...56...60...61...62...64...64...72...81

1-1-5...81...82...82...84...84...85...86...87...88...88...90...90 2003...94...124...124...127...143...143...143...144...145...145...146...146...147...148...154...154...154...155...156...156...156...157...157...159...165...166...170

1. A 1.00 1-1-6

WT0 Word Trade Organization, 2001 2002 2003 2. TEU Twenty Equivalent Unit 20 8 6 8 40 1-1-7

Panamax bulk carrier, 6-7.5 EDI Electronic Data Interchange / 1-1-8

1. 1992 1992 37 1992 12 21 1996 1996 49 6 14 600717 90% 51% 1998 (%) 414,552,665 62.82 30,079,728 4.56 215,221,406 32.62 659,853,799 100 2. WTO 1-1-9

3. 2001 51% 6 4 99% 80% 60% 2003 2003 2003 5600 2045 36.52% 10 10 2003 1743 1211 69.48% 1-1-10

1. 2003.12.31 2002.12.31 2001.12.31 443,154.67 316,911.05 281,301.14 195,412.75 202,633.61 149,635.43 210,592.85 107,816.33 103,379.82 68,792.85 67,517.78 79,082.72 141,800.00 40,298.55 24,297.10 22,388.25 19,845.77 13,277.69 210,173.57 189,248.95 164,643.62 2. 2003 2002 2001 133,481.89 123,513.47 100,067.47 65,684.55 62,521.67 51,381.09 41,229.35 40,371.91 32,281.13 44,332.14 44,560.26 33,959.27 29,248.23 29,884.16 26,984.10 3. 2003 2002 2001 48,141.08 57,106.14 47,797.78-137,477.23-53,314.47-39,895.85 85,868.00-16,681.27 272.30-3,468.14-12,889.60 8,174.23 4. 2003 2002 2001 % 45.69 26.30 28.84 % 13.92 15.79 16.39 ( ) / 0.44 0.45 0.41 1-1-11

[2004]6 1. A 2. 1.00 3. 64,566,422 4. 6.13 5. 9.5 6. 2001 659,853,799 10 3 7. 8. 64,566,422 A 2001 2850 18.55 2.5 1-1-12

1-1-13 2002 9 29 A 2003 10 30 2003 2002 9 30 2003 10 31 [2004]6 022 25706615 022 25706615 A 38 45 0755 82943666 0755 82943121 29 022-28451953 022-28451611

180 010-66426113 010-66426114 8 503 010-65900088 010-65906089 022-23559055 022-23559045 166 021 58708888 021 58754185 1. A 2. 1.00 3. 2001 659,853,799 10 3 197,956,140 2003 15 64,566,422 1-1-14

1 2 3 4. 9.5 / 5. 6. 6.13 5.92 7. 2004 3 8 2004 3 9 8. 5 9. 64,566,422 1-1-15

10. 11. 700717 9.5 0.3 1. 2. 2004 3 9 2004 3 22 3. 1 50% 2 30% 3 20% 2,059 1,533 65 62 3 206 160 30 3.36% 1-1-16

2004 2 28 2004 2 28 2004 3 8 2004 3 9 2004 3 31 2004 3 9 2004 3 22 1-1-17

1. 1) 2) 2001 6 70% 2002 1 1 1-1-18

1997 9 10 3 2001 5 51% 14-14.5-15 -15.7 17.5-13.9 10 2005 20 1-1-19

1-1-20 2. 1) 20 90 GDP 0.92 GDP 7% 8% 2005 12.4 13 7.4% 10% 2005 7,000, 5 6 2) 16.4% 19.4% 7% 7.9% 10% 15% 2008

3. 2001 2002 6208 21.80% 3721 TEU 35.40% 0.59 TEU 3376 TEU 36.7% GDP 7% 8% 7.4% 10% 4. 90% 1-1-21

1-1-22 2000 65% 1. 2002 10 11, 1 2 3 4 2. 1 2 3 4 5 2003 10.18% 17.22%

1) 2002 6 25 2002 2) 3. 62.82% 57.23% 1-1-23

2004 2004 1. 2003 48,150.55 36.07% 2. 3. 1-1-24

1. 2001 2850 1) 2) 3) 2.5 2. 6 4 6 2000~2002 36.48% 1-1-25

1) 6 3 3 3 2) 9 10 1000 2002 8 2 3) 9 10 6 4) 2003 83.69% 2.3% 52.26% 2003 8.07% 1996 15% 2001 12 31 2002 33% 700 2001 140 1-1-26

1. 2. 1996 12 3. WTO 1-1-27

WTO 1-1-28

1) 2) TIANJIN PORT(GROUP) CO., LTD. 3) 4) 1992 12 21 5) 2 6) 7) 600717 8) 2 35 9) 300456 10) 022 25706615 11) 022 25706615 12) tjpsec@tianjinport.ptacn.com 1. 1992 1992 37 1992 480 1992 6 30 65,279,772 1 / 65,279,772 34,500,000 1.4 / 99,779,772 1-1-29

65,279,772 65.42 8,430,000 8.45 26,070,000 26.13 99,779,772 100.00 1992 10 12 10306438 9,977 2. 1) 1996 1996 [1996]49 2,607 6 14 65,279,772 65.42 8,430,000 8.45 26,070,000 26.13 99,779,772 100.00 2) 1997 1997 [1997]76 [1997]102 1996 139,691,681 10 8 8 /, 58,924.25 22,791.58 [1997] 1368 242,137,826 1997 12 31 164,505,026 67.94 11,936,400 4.93 65,696,400 27.13 242,137,826 100.00 1-1-30

3) 1999 1999 [1999]84 [1999]139 2000 1998 338,992,956 10 3 7 / 53 27,592,488 187,363,969.07, 2000 3 90 366,585,444 2000 4 4 230,307,036 62.82 16,710,960 4.56 119,567,448 32.62 366,585,444 100.00 1-1-31

1-1-32 49% 40% 50% 55% 93% 100% 51% 100% 90% 100% 100% 100% 70% 90% 50% 60% 75% 55% 51%

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 414,552,665 62.82% 512 347,341 1200001190214 160 300 2001 11 2003 12 31 1,034,130.50 610,827.60 146,524.93 9,644.48 1. 1-1-33

1999 10 11 50,000 6# 35,000 5# 4000 / PLC Program Logic Control 2003 29,210.57 2. 1998 9 7 2003 13,043.74 15 10% 1. 14,778.64 1983 1 1 100% 22 25 25 10 2001 2003 1,213.01 1,437.07 1,778.99 21.10% 2. 30,000 1994 1 13 100% 35 40 1-1-34

9 10 2001 2002 2003 2,513.84 2,206.23 979.96 35 40 2002 10 2003 2002 2003 3. 2,920 1997 3 6 51% 49% 30 34 5 1136 12 2001 2003 85 TEU 93 TEU 111 TEU 4. 2,091 1990 1 1 90% 2003 2002 35,041.87 16,890.70 18,151.17 25,792.16 2,729.56 1,952.08 511.43 2003 39,766.04 19,496.43 20,269.61 30,861.65 4,438.58 4,304.14 1,414.18 2002 63,963.11 25,110.86 38,852.26 31,190.67 10,804.97 27,361.30-12,999.73 2003 70,931.92 32,446.93 38,484.99 17,729.00 232.74 10,146,98-9,011.06 2002 44,800.51 5,300.99 39,499.52 31,875.38 13,218.26 13,153.19 2,144.38 2003 48,386.40 3,672.29 44,714.11 39,156.65 16,342.46 19,267.89 4,004.99 2002 10,843.34 7,263.68 3,579.64 3,487.49 1,863.66 2,382.40 213.53 2003 7,403.33 2,620.01 4,783.32 3,480.27 1,457.40-5,270.56-5,267.87 1-1-35

11 2003 12 ( ) (%) ( ) (%) 414,552,665 62.82 414,552,665 57.23 30,079,728 4.56 30,079,728 4.15 444,632,393 67.38 444,632,393 61.38 215,221,406 32.62 279,787,828 38.62 215,221,406 32.62 279,787,828 38.62 659,853,799 100.00 724,420,221 100.00 2003 12 31 10 ( ) (%) 1 ( ) 414,552,665 62.82 2 24,285,126 3.68 3-7,870,857 1.19 4-5,415,582 0.82 5-5,160,813 0.78 6 4,778,099 0.72 7 2,822,400 0.43 1-1-36

8 2,469,600 0.37 9-2,214,230 0.34 10 - -USB LIMITED 2,102,298 0.32 1-1-37

2003 ( ) 50.00 100.00% 3,469,084.86 2,156,121.78 5,162.42 4,064.88 5,036,516.53 1,649.00 100.00% 19,577,660.40 17,181,168.48 178,456.66 119,565.96 5,808,000.12 2,335.00 100.00% 35,628,722.41 25,462,072.84 392,550.12 263,008.58 4,034,566.43 152.00 93.00% 295,345.42 295,280.85 458.99 376.37-50.00 90.00% 250,719.76-25,897.43-235,609.72-235,609.72 399,031.90 US$42.00 70.00% 12,770,476.34 4,846,951.30 3,690.48 3,136.91 6,645,262.38 US$10.00 60.00% 15,584,502.38 5,337,318.35 5,034,766.54 3,826,422.57 37,407,594.59 2,000.00 55.00% 34,404,504.96 33,024,812.24 11,038,576.87 10,210,383.60 35,251,793.50 US$21.00 75.00% 6,605,119.98 3,641,873.20 38,444.25 24,648.39 1,403,063.94 1,200.00 55.00% 20,057,620.32 12,984,653.32 3,392,812.96 3,138,352.00 7,268,627.35 300.00 51.00 - - - - - 1-1-38

1. 2. 1) 2001 45 2) 1-1-39

3) 90 8% 20% 1985 42,585 2002 280,000 11.72% 10.57% 1995 609 TEU 2002 3,721 TEU 27.72% 29.52% 1985 1990 1995 1996 1997 1998 1999 2000 2001 2002 31144 48320 80166 85152 90822 92237 102962 125603 142634 172000 11441 23289 31398 42271 40141 20147 23733 38900 49002 108000 42585 71609 111564 127423 130963 112384 126695 164503 191636 280000 TEU / 131 552 716 914 1141 1560 2046 2470 3376 / / 57 56 70 102 188 302 278 345 / / 609 772 984 1243 1748 2348 2748 3721 2001 1-1-40

4) 1995 8 50% 1995 67% 2001 77.9% 1 1.2 1 2 WTO 2001 10 3. 1-1-41

2000 3200TEU 2020 5500TEU 4000 6000TEU 8000TEU 10000TEU 14 15 WTO 2005 16 18 7% 4,000 TEU 15% 1-1-42

1. 2010 1996 2000 46 2001 140 3 2002 2005 560 2002 4 1 2. WTO WTO WTO WTO 3. GDP 0.9 2003 GDP 9.1% GDP 8% 1-1-43

7.4% 10% 4. 5. 90% 6. 1) -15 2) EDI 3) 1990 1995 60% 40 1-1-44

4) ISO9002 1. 94 52 2001 11 2002 4 5000 88% 1999 2002 17.82% 20.91% 8 1999 2002 1999 2002 25.00% 20.00% 15.00% 10.00% 23.42% 20.91% 18.91% 16.82% 14.63% 12.30% 10.68% 8.62% 5.00% 0.00% 2001 1-1-45

20 2005 20 2010 2.3 2.6 1000 TEU 2. 1) 2001 12 5 3.5 2) 1-1-46

2001 6 70% 3. 1) 2) 3) 200km 2 23 km 2 10 15 4) 5) 1996 1-1-47

2001 6) WTO 1) 2) 3) 4. 1997 27.09% 2003 5836 36.07% 20000 15000 10000 5000 0 1997 1998 1999 2000 2001 2002 2003 1. 1-1-48

2. 1) 2) 3) 4) 1. 2003 2002 2001 ( ) % % % 115,842.28 86.79 106,457.56 86.19 85,116.98 85.06 9,534.73 7.14 8,062.10 6.53 6,988.78 6.98 4,624.60 3.46 5,506.32 4.46 5,002.58 5.00 3,480.28 2.61 3,487.49 2.82 2,959.13 2.96 133,481.89 100 123,513.47 100 100,067.47 100 1-1-49

80% 2001 2003 16.66%, 2. 2003 2002 2001 ( ) % % % 32,072.63 27.69 31,351.88 29.45 14,042.04 16.50 31,270.55 26.99 17,023.58 15.99 11,104.36 13.05 24,051.31 20.76 38,646.25 36.30 45,925.68 53.96 21,598.08 18.64 14,184.76 13.32 9,840.92 11.56 3,113.60 2.69 1,017.24 0.96 710.38 0.83 3,736.11 3.23 4,233.85 3.98 3,493.60 4.10 115,842.28 100.00 106,457.56 100.00 85,116.98 100.00 1) 2001 2001 2001 5 51% 14,042.04 16.50% 2002 31,351.88 29.45% 2003 111 TEU 32,072.63 24.03% 2.3% 6 4 150 TEU 2) 3.26 1.19 36.5% 1700 1300 60~70% 99% 80% 60% 1-1-50

3600t/h 4000t/h 2003 3 2003 1,015.09 87.94% 31,270.55 23.43% 3) 2003 5,599.59 2,044.66 36.31% 2002 50% 2002 2002 10 2003 2,044.66 39.17% 24,051.31 37.77% 4) 1999 10 25# 10 2003 1,211.22 69.49% 21,598.08 16.18% USI 34 2001 2005 2% WTO 1-1-51

2002 1.6 5) 3.5 300 2003 101.06 3,113.60 2.33% 6 5 1. 1) 2) 2. 1) 1-1-52

2) 3. 1-1-53

2003 12 31 ( ) 1 26,245.08 22,045.87 6 20,509.73 13,859.11 24 16,935.54 12,436.02 7 4 663.04 483.30 / 29 27,607.58 16,254.88 / M40 43 10 13,020.82 10,238.29 25T 33M 3 3,870.25 1,212.97 10T-30M 10 3,696.72 1,147.93 73 8,449.87 3,435.39 / CAT980F 6 1,588.10 314.44 CAT980G 12 2,424.52 1,456.01 33 4,985.63 2,243.49 / 8 2,382.85 1,765.49 21 2,047.85 360.81 2 388.25 59.95 5 638.46 83.67 / 2 924.16 36.97 / 135 4,245.00 930.00 115 2,688.86 1,221.05 / 17 839.11 235.30 1-1-54

53 632.99 130.46 2002 7 23 0.55% 3.34% 3.64% 1. 1) 100 350 2) 4000 4 61% 15.2% 3) 2001 5000 2010 6000 99% 80% 1-1-55

60% 4) 2. 20% 3. 1997 27.09% 2001 5,478.76 48.19% 3.84% 3,862.74 8.54% 10.38% 470.38 2.38% 3.22% 72 1.31% 2.80% 2001 85 TEU 3.06% 2001 1. 1-1-56

2003 12 31 % 120,755.59 44,864.32 75,891.27 62.85 10 76,006.88 11,690.87 64,316.01 84.62 50 46,040.30 9,374.58 36,665.72 79.64 25 18,680.79 3,903.59 14,777.20 79.10 40 2,055.21 569.40 1,485.81 72.29 14 1,479.18 838.44 640.74 43.32 8 2,611.89 975.89 1636 62.64 / 267,629.84 72,217.09 195,412.75 73.02 / 2003 12 31 267,629.84 195,412.75 73.02% 2. 19 9 22 24 25 30 32 33 34 10 35 40 6 4 1-1-57

6 5 9 10 3. m 2 495.00 1,493.00 500.00 1 500.00 2 160.00 2 150.00 6,807.00 691.00 384.00 457.00 1,600.00 1,604.00 775.00 3 32.40 720.00 2,008.00 344.68 1,456.00 23.00 3,217.00 2,052.00 428.00 1,101.77 669.00 1-1-58

744.00 52.00 381.00 275.88 431.00 10,716.00 533.90 40,801.63 2003 12 31 40,801.63 4. 1) 2003 12 31 34,726.1 4,762.07 26 1,857,575.669 98 316 317 34,726.1 4,762.07 34,726.1 4,762.07 95 297 306 98 318 324 704,874.441 2000.1.1~2044.12.31 338,402.2 1998.12.29~2048.9.29 1-1-59

98 089 092 97 118 122 355,634.89 1998.1.1~2047.12.31 468,664.138 1997.3.6~2027.3.6 1,857,575.669 9 10 2) 2003 12 31 758.30 3) 2003 12 31 3,010 1. ISO9002 1996 1997 ISORegister ISO9000 2000 ISO9002 1994 99-2-8120 GB/T19002-1994idt ISO9002:1994 0399B0115 GB/T19002-1994idt ISO9002:1994 0201B00232R1M 1-1-60

ISO9002 1994 99-2-8127 ISO9002 19994 1200/97763 2. 1) ISO9000 2000 2) 3) 4) 1. 1-1-61

2. 1. 2003 5 5,652.46 72.08% 5 1 36,925,552.02 2 9,018,595.42 3 4,309,031.28 4 3,389,399.46 5 2,882,036.60 5 56,524,614.78 2003 78,420,432.48 5 72.08% 1-1-62

2. 2003 48,150.55 36.07% 5 5 ( ) 1 126,019,052.12 2 115,050,846.00 3 95,331,829.97 4 83,420,858.30 5 61,682,922.40 5 481,505.508.79 5 36.07% 3. 5 1-1-63

1. 2. 3. 2003 1-1-64

1 3 2 4 3 6 5 6 6 7 8 9 11 4 5 6 1 6 7 8 7 8 9 11 12 13 9 10 14 908 15 16 18 250 19 20 22 24 25 21 27 29 ( ) 30 32 33 34 35 40 1-1-65

1. 1) 2003 12 31 54,955,217.00 44,921,334.00 TEU 415,195.00 1,108,263.00 1,093,269,847.04 1,158,422,827.07 991,954,273.44 837,696,573.06 101,315,573.60 320,726,254.01 530,534,515.58 515,812,536.00 526,657,426.46 642,610,291.07 48.17 55.47 15.15% 1 2 2) 2003 12 31 38 4,842 6,526 19 3,572.7 4,225 2. 1) 6 750 2003 1-1-66

1,015.09 93.21% 2003 2) 2003 2,044.66 42.08% 35 40 6 9 10 4,000 9 10 1,000 5# 6 7 8 2004 7 8 3) 2003 1211.22 72.79% 22 25# 4) 3.5 300 2003 101.06 56.81% 1-1-67

6 5 5) 35 40 30 32 3 2001 2002 2003 85 TEU 93 TEU 111 TEU 72.74% 150 TEU 2001~2003 26 34 41 TEU 1500 6) 2003 1,464.25 25.09% 1-1-68

1997 2002 27.09% 14.35% 1997 2002 33.1% 26.46% 1996 90% 51% 2002 10 11 1. 2. 1) 1 2 3 2) 3) 1-1-69

4) 3 5 5) 3. 1) 1500 1-1-70

2003 2004 7 8 2) 2003 5 1-1-71

2002 10 11 11 [2000]25 2003 12 31 62.82 51% 90% 93% 90% 75% 1-1-72

1-1-73 70% 60% 55% 55%, 51% 100% 100% 100% 100% 100% 100% 55% 50% 90% 50% 70.35% 100% 56% 100% 60% 100% 100% 100% 100% 100% 2003 1.

1) 2000 704874.441m 2 10 95 297 306 45 317.91 2000 2001 2002 2003 2004 40% 2005 1995 068 143,059,484 45 2) 1998 355634.89 m 2 98 089 092 50 324.22 1998 2000 2001 2002 40% 2003 1998 0037 162,111,804.70 50 3) 1998 338402.2 m 2 98 318 324 50 203.04 1999 2000 2001 40% 2002 97 0080 101,182,257.8 49 9 4) 468,664.138 m 2 5 97 118 122 5) 2003 26 1,867,575.911m 2 2003 1-1-74

95 297 306 127.16 127.16 2000/1/1 2044/12/31 98 089 092 324.22 324.22 1998/1/1 2047/12/31 98 318 324 203.04 203.04 1998/12/29 048/9/29 97 118 122 1999/1/1 2029/12/31 2. 1) 1998 22 23 24 25 26 1998 1 1 2012 12 31 557.28 1998 0037 7,961.26 15 2000 25 26 25 2001 1 1 2012 12 31 1,026.2 19,740 2.81% 30 5.5% (1+2.81%/4) 119 2.81% =19,740 (1 5.55%) 4=1,026.2 (1+2.81%/4) 120 1 2003 1,583.48 1,583.48 2) 1997 30 31 32 33 34 1999 1 1 2029 12 31 470 47.6 1999 2002 9% 2003 2006 10%,2007 11% 5% 3.45 706 / 1-1-75

470 / 9% 5% 9% 11% 2003 9,030.56 8,672.58 357.98 2000 51% 2002 10 30 3. 2002 7 23 2002 87 1992 181 1992 410 2002 1 2001 11 1-1-76

2003 445.43 2,163.04 152.41 3,692.56 714.47 2002 7 24 4. 2002 10 11 2002 9 11 5. 1-1-77

2003 12 31 102,300 3500( 9,000) 2002 001 2002/3/11~2007/3/9 3500( 9,000) 2002 2002/3/11~2007/3/9 ( ) 99175 7,300 1999/10/20~2007/10/19 1270073862002003 25,000 2002/12/16~2007/12/15 12702003001 20,000 2003/1/13~2008/1/12 12702003007 20,000 2003.9.17~2008.9.16 12702003008 23,000 2003.11.5~2008.11.4 6. 1999 2001 5 51% 59,211,276.00 1999 2003 1999 19,269,280 2000 9,985,499.00 2003 12 31 51% 2001 4 24 51% 51% 2000 133,429,356.77 2001 5 31 50% 66,714,678.18 2001 7 3 1-1-78

2001 3,345.93 7.39% 1,930.49 4.26% 210.90 0.47% 4,027.70 8.89% 51% 13,342.94 5,612.63 16.53% 2002 2,861.83 5.03% 2,655.35 4.67% 459.89 0.81% 7,496.74 13.19% 2003 3,692.56 5.83% 2,760.88 4.36% 654.43 1.03% 10,614.94 16.25% 1-1-79

2001 64 1-1-80

1. 1) 58 1995 1992 2) 54 3) 59 4) 52 1992 5 5) 34 6) 31 2. 1) 54 1997 4 2) 58 1989 2002 1-1-81

3) 54 1997 2 4) 53 1993 5) 54 2000 6 3. 42 2003 12 31 41,278 41,278 1,170 234 1,170 8,255 93,385 / 1-1-82

7 2003 109.20 10 1 10 15 1 15 20 3 20 1 2002 2002 3 1-1-83

1. 2. 1992 1996 1997 90% 3. 4. 1-1-84

2004 2 18, 5. 1. 2002 6 2 2. 1 300 5 1-1-85

1-1-86 2 3 4 5 6 1 2 3 4 300 5 5 6 3. 1. 5% (1) 5% (2) 5% 60% (3) 50% 50% 70%

5 (1) 5 (2) 5 60% 2. 5% 60% 1-1-87

9 10 2003 12 31 1-1-88

2004 2 18 2004 1-0047 2003 12 31 1-1-89

2001 2003 2003 2002 2001 1,334,818,891.141,235,134,671.26 1,000,674,677.25 633,644,654.05 568,442,309.51 452,881,611.07 44,328,694.14 41,475,666.77 33,982,208.23 656,845,542.95 625,216,694.98 513,810,857.95 2,949,520.03 2,680,444.43 599,121.47 0.00 0.00 0.00 228,334,660.79 207,111,947.53 171,847,035.54 19,166,925.16 17,066,103.05 19,751,611.87 412,293,477.03 403,719,088.83 322,811,332.01 11,522,525.12 16,272,967.03 17,112,235.04 36,850,000.00 33,768,000.00 0.00 3,574,963.00 2,241,144.98 2,120,913.66 20,919,550.10 10,398,650.63 2,451,813.72 443,321,415.05 445,602,550.21 339,592,666.99 69,303,658.15 80,127,802.38 40,487,072.03 81,535,441.90 66,633,131.78 29,264,585.64 292,482,315.00 298,841,616.05 269,841,009.32 354,289,632.08 202,274,449.78 161,172,563.78 0.00 0.00-98,612,427.65 646,771,947.08 501,116,065.83 332,401,145.45 34,825,831.65 45,095,985.25 47,098,574.04 17,412,915.81 22,547,992.62 23,549,287.01 4,053,722.58 0.00 1,824,690.19 4,053,722.58 0.00 1,824,690.19 6,756,204.29 0.00 3,041,150.32 579,669,550.17 433,472,087.96 255,062,753.70 0.00 0.00 0.00 0.00 79,182,455.88 52,788,303.92 579,669,550.17 354,289,632.08 202,274,449.78 1-1-90

2003.12.31 2002.12.31 2001.12.31 391,843,015.96 426,524,425.17 555,420,449.17 - - 137,694,284.05 117,244,744.58 81,263,714.97-292,131.26 292,131.26 - - 126,541,244.37 124,803,137.97 118,933,012.97 31,393,365.94 22,750,635.12 23,005,370.30 10,145,187.47 7,754,606.18 29,692,169.94 - - 10,070,822.17 11,073,335.83 10,136,546.62 11,167.70 8,521.70 9,976.30 - - - - 707,699,087.66 710,451,537.81 818,753,371.53 133,324,813.25 152,121,161.49 146,319,607.17 - - 133,324,813.25 152,121,161.49 146,319,607.17 4,999,981.65 5,843,702.35 6,687,423.04 2,194,250.44 2,775,975.57 3,357,700.70 2,676,298,401.67 2,762,707,737.06 2,145,239,927.76 722,170,878.04 736,371,606.79 648,885,645.02 1,954,127,523.63 2,026,336,130.27 1,496,354,282.74 - - 1,954,127,523.63 2,026,336,130.27 1,496,354,282.74 - - 1,546,197,717.06 186,952,245.53 255,279,899.41 - - 3,500,325,240.69 2,213,288,375.80 1,751,634,182.15 87,481,382.74 89,502,571.87 91,512,643.11 2,716,129.52 3,746,832.44 4,791,585.48 - - 90,197,512.26 93,249,404.31 96,304,228.59 - - 1-1-91

4,431,546,653.86 3,169,110,479.41 2,813,011,389.44 2003.12.31 2002.12.31 2001.12.31. - 115,000,000.00-14,389,685.17 49,189,980.58 1,748,623.06 19,066,626.09 36,729,240.44 32,776,895.41 1,200,000.00 1,200,000.00 1,200,000.00 66,324,473.05 52,101,952.94 42,319,900.94 2,866,416.58 2,202,232.18 46,197,834.49 5,345,463.89 16,064,115.01 7,061,031.34 508,859,038.64 441,214,878.58 324,623,452.95 69,876,810.47 76,475,368.50 119,899,499.95 - - - - - - 100,000,000.00 - - 687,928,513.89 675,177,768.23 790,827,238.14 1,418,000,000.00 393,000,000.00 223,000,000.00 - - - 9,985,499.00 19,970,998.00 - - - - 1,418,000,000.00 402,985,499.00 242,970,998.00 - - 2,105,928,513.89 1,078,163,267.23 1,033,798,236.14 223,882,456.62 198,457,665.37 132,776,918.62 659,853,799.00 659,853,799.00 659,853,799.00 : - - - 659,853,799.00 659,853,799.00 659,853,799.00 510,972,936.26 510,972,936.26 510,972,936.26 351,239,397.92 288,190,723.59 220,546,745.72 116,396,227.23 98,983,311.42 76,435,318.80 579,669,550.17 354,289,632.08 202,274,449.78 79,182,455.88 52,788,303.92 - - 2,101,735,683.35 1,892,489,546.81 1,646,436,234.68 4,431,546,653.86 3,169,110,479.41 2,813,011,389.44 1-1-92

2003 2002 2001 1,212,133,453.42 1,178,879,591.14 1,035,612,104.14 0.00 0.00 0.00 176,528,201.86 174,214,851.92 106,542,648.26 1,388,661,655.281,353,094,443.06 1,142,154,752.40 418,151,867.95 394,323,687.26 320,910,886.78 264,175,323.52 231,475,542.21 202,798,217.09 133,351,429.10 120,592,229.84 94,038,428.61 91,572,189.81 35,641,598.99 46,429,436.71 907,250,810.38 782,033,058.30 664,176,969.19 481,410,844.90 571,061,384.76 477,977,783.21 17,080,000.00 0.00 70,000,000.00 15,411,004.62 11,591,772.36 10,999,357.16 13,569,966.37 4,657,578.71 3,679,511.28 0.00 0.00 0.00 46,060,970.99 16,249,351.07 84,678,868.44 1,418,553,224.31 547,894,085.63 324,555,789.29 2,280,000.00 1,500,000.00 159,081,537.69 0.00 0.00 0.00 1,420,833,224.31 549,394,085.63 483,637,326.98-1,374,772,253.32-533,144,734.56-398,958,458.54 0.00 0.00 0.00 1,025,000.00 320,000,000.00 80,000,000.00 0.00 0.00 0.00 1,025,000.00 320,000,000.00 80,000,000.00 0.00 365,000,000.00 0.00 166,320,000.79 121,812,674.20 77,277,047.55 0.00 0.00 0.00 166,320,000.79 486,812,674.20 77,277,047.55 1-1-93

858,679,999.21-166,812,674.20 2,722,952.45 0.00 0.00 0.00-34,681,409.21-128,896,024.00 81,742,277.12 2003 2003 ( ) 1992 1992 37 1996 49 1996 6 14 2003 12 31 2,101,735,683.35 659,853,799 1. 2. 1 1 12 31 3. 4. 5. 1-1-94

6. 7. 1 ( 1 ) 1) 2) 3) 4) 8. 1) 2) 1-1-95

5 100% 3 5 50% 5% 100% 50% 9. 1) 2) 10. 1) 20% 20% 20% 1-1-96

20% 20% 20% 50% 50% 10 2) 3) 11. 12. 1) 1-1-97

2) 3) 4) 13. 1) 2) 3 14. 15. 20 50 50 10 16. 1-1-98

5 5 10 17. 10 1) 2) 3) 18. 19. 1995 11 < > 96 2 1. 3% 5% 5% 2. 4% 1-1-99

3. 7% 3% 1% 4. 96 80 15% 2002 33% 15 2000 1. % 14,778.64 14,778.64 100.00 30,000.00 30,000.00 100.00 2,091.00 1,881.92 90.00 US$2,920.00 US$1,489.20 51.00 2. % 50.00 50.00 100.00 1,649.00 1,649.56 100.00 2,335.00 2,335.15 100.00 152.00 142.30 93.00 50.00 45.00 90.00 US$21.00 US$15.67 75.00 US$42.00 US$29.40 70.00 US$20.00 US$12.00 60.00 1-1-100

2,000.00 1,100.00 55.00 1,200.00 660.00 55.00 300.00 153.00 51.00 10% 1996 2 1. 234,696.62 246,087.98 391,534,328.02 426,209,683.72 73,991.32 68,653.47 391,843,015.96 426,524,425.17 2. 137,694,284.05 117,244,744.58 3. 1) % % 1 125,876,418.35 88.02 6,293,820.91 114,336,838.89 83.15 5,716,841.95 1 2 66,922.50 0.05 3,346.13 2,717,291.67 1.98 135,864.58 2 3 1,832,496.68 1.28 91,624.83 10,712,992.75 7.79 769,792.53 3 15,228,106,51 10.65 10,073,907.80 9,732,658.63 7.08 6,074,144.91 143,003,944.04 100.00 16,462,699.67 137,499,781.94 100.00 12,696,643.97 1-1-101

5 5 49,552,470.94 34.65% 3 6,548,705.05 45.00 2,946,917.26 50.00 5 1,880,694.68 50.00 940,347.34 100.00 376,917.00 95.00 358,071.15 100.00 3 1,676,640.37-50.00-838,320.19 10,482,957.10 3,407,015.56 2) % % 1 31,277,385.94 88.72 22,059,643.84 84.48 1 2 162,491.28 0.62 2 3 103,080.00 0.29 15,600.00 0.06 3 3,875,426.28 10.99 3,862,526.28 3,875,426.28 14.84 3,362,526.28 35,255,892.22 100.00 3,862,526.28 26,113,161.40 100.00 3,362,526.28 5% 5% 10,000,000.00 2003 5,807,926.51 2003 2,912,526.28 1999 2,022,114.52 2003 21,832,505.31 61.93% 3,862,526.28 3 1-1-102

4. % % 1 10,145,187.47 100.00 7,754,606.18 100.00 10,145,187.47 7,754,606.18 7,144,741.89 5. 9,612,312.12 10,828,490.36 458,510.05 244,845.47 10,070,822.17 11,073,335.83 6. 11,167.70 8,521.70 11,167.70 8,521.70 7. 89,571,394.54 88,840,170.18 25,161,293.73 33,577,746.82 22,585,271.72 10,390,654.77 34,269,847.38 10,390,654.77 9,637,508.00 3,240,000.00 8,887,508.00 3,063,456.12 146,955,468.02 13,630,654.77 165,575,272.38 13,454,110.89 1) 1-1-103

1993.01-500,000.00 100.00% 2,268,270.85-112,149.07 1,656,121.78 2,156,121.78 1993.03-16,495,591.75 100.00% 17,121,992.44 59,176.04 685,576.73 17,181,168.48 1993.08-23,351,500.00 100.00% 25,533,301.03-71,228.19 2,110,572.84 25,462,072.84 2008.08 1997.03-1,422,993.01 93.00% 563,331.04 263.46-859,398.51 563,594.50 2002.03 1992.07-450,000.00 90.00% 188,741.06-212,048.75-473,307.69-23,307.69 2010.04 1993.02-2,062,145.40 70.00% 3,402,355.24-9,489.33 1,330,720.51 3,392,865.91 2008.02 2001.02-6,600,000.00 55.00% 8,388,441.19 135,378.80 1,923,819.99 8,523,819.99 2021.02 1993.11-12,039,060.00 50.00% 13,228,515.69-1,870,493.93-681,038.24 11,358,021.76 2007.11 1996.10-5,530,000.00 50.00% 4,836,373.98 2011.10-3,800,0-1,036,373.98-5,530,000.00 00.00 1994.06-4,110,185.46 40.00% 1,007,532.07 1,007,532.07-3,102,653.39 1,007,532.07 1,007,532.07 2009.06 1993.02-12,540,000.00 20.00% 11,491,254.08 2013.02-13,280, 000.00-12,540,000.0 1,788,745.92 0 1994.07-2003.07 9,383,122.70 49.00% 9,383,122.70 9,383,122.70 9,383,122.70 9,383,122.70 1994.10-1,000,000.00 4.50% 1,000,000.00 941,152.04 1,000,000.00 1,000,000.00 2002.06 2000.12-57,508.00 0.08% 57,508.00 57,508.00 1996.09-2,000,000.00 0.77% 2,000,000.00 2,000,000.00 1992.11-240,000.00 0.10% 240,000.00 240,000.00 240,000.00 240,000.00 1998.11-30,000.00 2.00% 30,000.00 30,000.00 2013.11-17,080, 97,812,106.32 100,740,739.37 11,571,806.81 000.00-15,479,585.9-1,328,219.03 8 82,332,520.34 11,630,654.77 20% 13,280,000 50% 3,800,000 1-1-104

2) 1998.01 2,898,000.00 35.00% 5,419,359.55-68,646.75 2,452,712.80 5,350,712.80 2013.01 1995.05 1,234,959.08 41.50% 973,259.18-66,718.76-328,418.66 906,540.42-2010.05 1992.10-1,033,169.01 75.00% 2,701,397.42 30,007.48 1,698,235.89 2,731,404.90 2007.10 1994.10-2002.06 1,000,000.00 4.50% 1,000,000.00 941,152.04 1,000,000.00 1,000,000.00 1995.01-3,560,000.00 0.63% 3,560,000.00 3,560,000.00 1999.10-135,000.00 45.00% 164,095.90-72,581.12-43,485.22 91,514.78 2014.10 2000.10-11,000,000.00 55.00% 19,033,618.26-869,971.53 7,163,646.73 18,163,646.73 2020.10 2003.12-2 750,000.00 10.00% 023.12 750,000.0 0 750,000.00 1993.12-150,000.00 50.00% 3,302,207.96 163,256.72 3,315,464.68 3,465,464.68 2003.09 1994.10-2002.06 1,000,000.00 4.50% 1,000,000.00 941,152.04 1,000,000.00 1,000,000.00 1996.04-531,420.00 60.00% 3,302,313.73 1,220,077.28 3,990,971.01 4,522,391.01 2011.04 1995.09-5,763,000.00 22.00% 5,831,223.90 14,625.08 82,848.98 5,845,848.98 1999.02-1,500,000.00 50.00% 9,927,379.19-1,416,187.90 7,011,191.29 8,511,191.29 2047.11 2003.11-2 1 530 000 51.00% 023.11 1,530,000.00 1,530,000.00 32,285,548.09 56,214,855.09 1,882,304.08 2 280-1,066,139.50 25,343,167.50 57,428,715.59 2,000,000.00 000 00 3) 8,437,206.95 10.00 5,843,702.35 843,720.703,437,225.30 4,999,981.65 4) 1-1-105

5,817,251.09 10.00 2,775,975.57 581,725.13 3,623,000.65 2,194,250.44 5) 9,383,122.70 9,383,122.70 2,823,456.12 176,543.88 3,000,000.00 1,007,532.07 1,007,532.07 240,000.00 240,000.00 13,454,110.89 176,543.88 13,630,654.77 8. 1,311,084,118.47 46,716,748.77 150,244,956.92 1,207,555,910.32 764,825,211.11 2,462,058.07 7,218,470.00 760,068,799.18 439,164,574.21 22,703,019.52 1,464,550.00 460,403,043.73 15,827,278.41 2,008,352.27 3,043,808.59 14,791,822.09 24,500,425.35 951,942.30 4,900,280.94 20,552,086.71 184,368,152.65 11,382,540.28 8,942,829.36 186,807,863.57 22,937,976.86 4,514,975.55 1,334,076.34 26,118,876.07 2,762,707,737.06 90,739,636.76 177,148,972.15 2,676,298,401.67 496,742,017.11 87,592,881.30 135,691,746.27 448,643,152.14 104,418,075.78 14,669,780.26 2,179,179.94 116,908,676.10 75,805,320.64 18,448,341.97 507,867.92 93,745,794.69 8,982,551.59 2,030,394.76 2,628,536.86 8,384,409.49 6,468,387.72 1,545,152.53 2,319,506.21 5,694,034.04 36,030,421.67 5,623,877.44 2,618,389.11 39,035,910.00 7,924,832.28 2,730,864.93 896,795.63 9,758,901.58 736,371,606.79 132,641,293.19 146,842,021.94 722,170,878.04 2,026,336,130.27 1,954,127,523.63 1-1-106

90,739,636.76 5,635,593.00 4,867,851.67 767,741.33 186,921.43 92,806.30 94,115.13 28,048,952.62 4,377,294.94 23,671,657.68 973,254.18 366,787.33 606,466.85 34,844,721.23 9,704,740.24 25,139,980.99 9. 34,000,000.00 3,480.00 28,479,134.00 28,482,614.00 84 1,855,000,000.00 134,874,549.92 790,738,287.65 925,612,837.57 62,844.35 9,239,366.99 9,302,211.34 50 199,640,000.00 33,686,165.52 4,362,075.06 37,668,533.58 379,707.00 86 7 8 21,000,000.00 15,000.00 3,258,678.20 278,136.00 2,995,542.20 79 50,590,000.00 14,633,960.09 32,899,230.42 43,209,590.51 4,323,600.00 94 12,900,000.00 3,198,048.00 2,231,487.61 2,922,891.61 2,506,644.00 42 10# 89,500,000.00 63,500,000.00 63,500,000.00 71 9# 10# 411,770,000.00 159,224,293.53 159,224,293.53 39 128,721.64 128,721.64 387,000,000.00 11,614,029.60 11,614,029.60 76 11 771,200,000.00 340,023,108.16 340,023,108.16 44 1-1-107

3,447,908.16 3,447,908.16 14,160,000.00 1,194,647.00 463,600.00 731,047.00 8 200,000.00 200,000.00 33,310,000.00 920,309.00 920,309.00 3 29,040,000.00 541,042.00 11,719,535.06 6,196,885.06 6,063,692.00 42 1,546,197,717. 3,909,110,000.00 186,952,245.53 1,450,364,815.29 90,739,636.76 379,707.00 06 9,239,366.99 9# 10# 128,721.64 11# 3,447,908.16 10. 35,000,000.00 30,800,000.00 700,000.00 4,900,000.00 30,100,000.00 43.00 79,380.00 29,767.44 9,922.50 59,535.06 19,844.94 2.00 11,666,129.15 8,166,290.39 583,306.46 4,083,145.22 7,582,983.93 13.00 2,816,443.00 1,778,323.32 640,350.00 260,851.29 658,620.97 2,157,822.03 9.00 55,372,944.00 48,728,190.72 1,107,458.88 7,752,212.16 47,620,731.84 43.00 104,934,896.15 89,502,571.87 640,350.00 2,661,539.13 17,453,513.41 87,481,382.74 11. 150,000.00 7,500.00 7,500.00 150,000.00 552,532.00 460,443.20 55,253.16 147,341.96 405,190.04 8.00 429,480.00 379,374.00 42,948.00 93,054.00 336,426.00 8.00 2,033,517.00 1,830,165.24 203,351.76 406,703.52 1,626,813.48 8.00 1,098,000.00 567,300.00 219,600.00 750,300.00 347,700.00 2.00 2,447,500.00 502,050.00 502,050.00 2,447,500.00 6,711,029.00 3,746,832.44 1,030,702.92 3,994,899.48 2,716,129.52 1-1-108

12. 1) 14,389,685.17 49,189,980.58 5 5 2) 19,066,626.09 36,729,240.44 5% 5% 3) 69,876,810.47 76,475,368.50 3,579,801.47.4.(5) 13. 2,712,043.20 2,047,273.60 154,373.38 154,958.58 2,866,416.58 2,202,232.18 14. 6,529,903.74 14,963,135.91 201,962.27 856,574.42 1-1-109

-2,072,634.28-490,871.64 21,820.25 14,864.13 664,411.91 720,412.19 5,345,463.89 16,064,115.01 15. 508,711,930.04 440,710,696.39 86,555.28 367,373.46 60,553.32 136,808.73 508,859,038.64 441,214,878.58 16. 395,000,000.00 1,023,000,000.00 393,000,000.00 1,418,000,000.00 393,000,000.00 11# 9 10 1,025,000,000.00 17. 59,211,276.00 9,985,499.00 9,985,499.00.4.(6) 18. +/ 1 414,552,665.00 414,552,665.00 1-1-110

414,552,665.00 414,552,665.00 230,079,728.00 30,079,728.00 3 4 444,632,393.00 444,632,393.00 1 215,221,406.00 215,221,406.00 2 3 4 215,221,406.00 215,221,406.00 659,853,799.00 659,853,799.00 19. 510,952,682.26 510,952,682.26 20,254.00 20,254.00 510,972,936.26 510,972,936.26 20. 184,341,571.66 34,825,831.65 219,167,403.31 98,983,311.42 17,412,915.81 116,396,227.23 1-1-111

1,824,690.19 4,053,722.58 5,878,412.77 3,041,150.32 6,756,204.29 9,797,354.61 288,190,723.59 63,048,674.33 351,239,397.92 2003 10% 28,842,859.24 5,982,972.41 2003 5% 14,421,429.62 2,991,486.19 :, 4,053,722.58, 6,756,204.29 21. 354,289,632.08 292,482,315.00 34,825,831.65 17,412,915.81 4,053,722.58 4,053,722.58 6,756,204.29 579,669,550.17 2003 2003 10% 5% 34,825,831.65 17,412,915.81 4,053,722.58 4,053,722.58 6,756,204.29 22. 1-1-112

1,334,818,891.14 1,235,134,671.26 633,644,654.05 568,442,309.51 46,246,011.51 55,063,162.53 33,408,664.33 34,286,140.89 1,158,422,827.07 1,064,575,620.02 515,812,536.00 465,721,100.71 95,347,327.03 80,620,980.08 74,141,573.49 59,405,495.36 34,802,725.53 34,874,908.63 10,281,880.23 9,029,572.55 : 481,505,508.79 36.07% 23. 41,382,726.57 38,590,487.48 2,062,177.262,019,625.48 883,790.31 865,553.81 44,328,694.14 41,475,666.77 1,387,380.36 1,652,273.77 97,116.62 115,659.16 41,621.42 49,568.21 1,526,118.40 1,817,501.14 34,752,684.80 32,008,649.97 1,628,884.081,577,219.39 698,093.19 675,951.18 37,079,662.07 34,261,820.54 3,502,525.15 3,185,818.33 214,367.01 204,684.75 91,871.60 87,722.05 3,808,763.76 3,478,225.13 1,740,136.26 1,743,745.41 121,809.55 122,062.18 52,204.10 52,312.37 1,914,149.91 1,918,119.96 24. 22,769,834.93 22,577,462.27 4,002,109.17 5,793,909.12 22,077.56 639.24 377,121.84 281,910.66 19,166,925.16 17,066,103.05 25. 1-1-113

2,875.40 13,121,639.43 18,207,885.12-1,425,445.83-1,425,445.82-176,543.88-509,472.27 11,522,525.12 16,272,967.03 26. 36,850,000.00 33,768,000.00 36,850,000.00 27. 17,464.00 93,727.40 3,125,533.78 74,082.96 431,965.22 2,073,334.62 3,574,963.00 2,241,144.98 28. 18,323,637.62 8,130,694.71 2,595,912.48 2,267,955.92 20,919,550.10 10,398,650.63 29. 176,528,201.86 1-1-114 121,656,088.56 4,002,109.17 36,850,000.00 14,020,004.13

30. 91,572,189.81 28,479,628.30 53,654,854.91 9,437,706.60 1. 1) % % 1 21,179,533.28 75.74 1,058,976.66 16,022,944.40 70.47 801,147.22 1 2 66,922.50 0.24 3,346.13 2 3 5,739,629.65 25.24 286,981.48 3 6,715,419.01 24.02 3,844,724.20 975,789.36 4.29 669,562.02 27,961,874.79 100.00 4,907,046.99 22,738,363.41 100.00 1,757,690.72 20,611,215.20 73.71% 2) % % 1 236,546,746.55 98.78 159,907,684.16 98.21 1 2 2 3 3 2,912,526.28 1.22 2,912,526.28 2,912,526.28 1.79 2,912,526.28 239,459,272.83 100.00 2,912,526.28 162,820,210.44 100.00 2,912,526.28 1-1-115

125,000,000.00 2003 87,500,000.00 2003 10,000,000.00 2003 5,807,926.51 2003 2,912,526.28 1999 231,220,452.79 96.56% 2. 921,261,818.46 866,171,146.18 13,184,637.76 20,348,159.67 10,390,654.77 10,390,654.77 21,881,908.85 10,390,654.77 3,327,508.00 1,240,000.00 3,327,508.00 1,181,152.04 948,164,618.99 11,630,654.77 911,728,722.70 11,571,806.81 1) 1998.01-147,786,400.00 100.00% 181,511,659.25 21,184,472.75 54,909,732.00 202,696,132.00 1997.01-300,000,000.00 100.00% 388,522,554.06-3,672,644.12 84,849,909.94 384,849,909.94 1997.01-18,819,180.00 90.00% 30,886,548.45 12,163,315.83 24,230,684.28 43,049,864.28 1993.01-500,000.00 100.00% 2,268,270.85-112,149.07 1,656,121.78 2,156,121.78 1993.03-16,495,591.75 100.00% 17,121,992.44 59,176.04 685,576.73 17,181,168.48 1993.08-2008.08 23,351,500.00 100.00% 25,533,301.03-71,228.19 2,110,572.84 25,462,072.84 1997.03-2002.03 1,422,993.01 93.00% 563,331.04 263.46-859,398.51 563,594.50 1992.07-2010.04 450,000.00 90.00% 188,741.06-212,048.75-473,307.69-23,307.69 1993.02-2008.02 2,062,145.40 70.00% 3,402,355.24-9,489.33 1,330,720.51 3,392,865.91 1-1-116

2001.02-2021.02 6,600,000.00 55.00% 8,388,441.19 135,378.80 1,923,819.99 8,523,819.99 2001.06-2027.03 128,672,969.42 51.00% 201,447,543.65 26,594,416.69 99,368,990.92 228,041,960.34 1993.11-2007.11 12,039,060.00 50.00% 13,228,515.69-1,870,493.93-681,038.24 11,358,021.76 1996.10-2011.10 5,530,000.00 50.00% 4,836,373.98-3,800,000. -1,036,373.98-5,530,000.00 00 1994.06-2009.06 4,110,185.46 40.00% 1,007,532.07 1,007,532.07-3,102,653.39 1,007,532.07 1,007,532.07 1993.02-2013.02 12,540,000.00 20.00% 11,491,254.08-13,280,000.00 1,788,745.92-12,540,000.00 1994.07-2003.07 9,383,122.70 49.00% 9,383,122.70 9,383,122.70 9,383,122.70 9,383,122.70 1994.10-2002.06 1,000,000.00 4.50% 1,000,000.00 941,152.04 1,000,000.00 1,000,000.00 2000.12-57,508.00 0.08% 57,508.00 57,508.00 1996.09-2,000,000.00 0.77% 2,000,000.00 2,000,000.00 1992.11-240,000.00 0.10% 240,000.00 240,000.00 240,000.00 240,000.00 1998.11-2013.11 30,000.00 2.00% 30,000.00 30,000.00-17,080,000 693,090,655.74 903,109,044.78 11,571,806.81 54,941,342.12 247,879,731.16 940,970,386.90 11,630,654.77.00 2) 14,254,458.04 10.00 8,619,677.92 1,425,445.83 7,060,225.95 7,194,232.09 3) 9,383,122.70 9,383,122.70 941,152.04 58,847.96 1,000,000.00 1,007,532.07 1,007,532.07 240,000.00 240,000.00 11,571,806.81 58,847.96 11,630,654.77 3. 1-1-117

422,543,065.70 311,677,733.68 156,154,975.52 132,754,644.17 46,246,011.51 55,063,162.53 33,408,664.33 34,286,140.89 291,426,400.73 187,278,465.08 70,519,991.82 57,671,590.90 84,870,653.46 69,336,106.07 52,226,319.37 40,796,912.38 4. 2,875.40 139,821,436.09 220,566,258.70-1,425,445.83-1,425,445.82-58,847.96-169,824.09 138,340,017.70 218,970,988.79 1. 1-1-118

2. 347,341.00 347,341.00 7,649.30 7,129.34 14,778.64 30,000.00 30,000.00 50.00 50.00 1,649.00 2,335.00 152.00 1,649.00 2,335.00 152.00 110.00 1,981.00 2,091.00 50.00 50.00 US$21.00 US$42.00 US$21.00 US$42.00 US$20.00 US$20.00 1-1-119

2,000.00 2,000.00 1,200.00 1,200.00 US$2920.00 US$2920.00 300.00 300.00 3. ( ) (%) ( ) (%) 414,552,665.00 62.82 414,552,665.00 62.82 147,786,400.00 100.00 147,786,400.00 100.00 300,000,000.00 100.00 300,000,000.00 100.00 500,000.00 100.00 500,000.00 100.00 16,495,591.75 100.00 16,495,591.75 100.00 23,351,500.00 100.00 23,351,500.00 100.00 1,422,993.01 93.00 1,422,993.01 93.00 18,819,180.00 90.00 18,819,180.00 90.00 450,000.00 90.00 450,000.00 90.00 1,033,169.01 75.00 1,033,169.01 75.00 2,062,145.40 70.00 2,062,145.40 70.00 531,420.00 60.00 531,420.00 60.00 11,000,000.00 55.00 11,000,000.00 55.00 6,600,000.00 55.00 6,600,000.00 55.00 128,672,969.42 51.00 128,672,969.42 51.00 1,530,000.00 51.00 4. 1) 22 23 24 25 26 1998 1 1 2012 12 31 5,572,800.00 2000 25 26 2001 1 1 2012 12 31 10,262,000.00 15,834,800.00 2) 1-1-120

355,634.89 1998 1 1 2047 12 31 3,242,200.00 1998 1999 2000 2001 2002 40% 3,242,200.00 3) 338,402.2 1998 12 29 2048 9 29 2,030,413.20 1998 1999 2000 2001 40% 2,030,413.20 4) 704,874.44 2000 1 1 2044 12 31 3,179,100.00 2000 2001 2002 2003 2004 40% 1,271,640.00 5) 1999 1 1 2029 12 31 391,666.67 39,666.66 1999 2002 9% 2003 2006 10% 2007 11% 5% 15 18 1 15 15 86,725,779.74 3,579,801.47 6) 1999 59,211,276.00 1999 2003 1999 19,269,280.00 2000 9,985,499.00 7) 1,023,000,000.00 8) 4,454,261.59 3,334,856.23 1-1-121

21,630,436.88 21,807,038.09 1,524,116.73 1,411,650.68 36,925,552.02 28,618,267.13 64,534,367.22 55,171,812.13 7,144,741.89 1. (%) ( ) 31.25 32.22 1.00 1.00 19.62 20.22 0.62 0.62 13.92 14.35 0.44 0.44 12.69 13.08 0.40 0.40 2. 1-1-122

2003 16,059,170.25 5,104,375.89 838,320.19 838,320.19 20,325,225.95 12,696,643.97 4,604,375.89 838,320.19 838,320.19 16,462,699.67 3,362,526.28 500,000.00 3,862,526.28 13,454,110.89 176,543.88 13,630,654.77 13,454,110.89 176,543.88 13,630,654.77 1-1-123

3. 2003 12 31 2002 12 31 % 31,393,365.94 22,750,635.12 8,642,730.82 37.99 10,145,187.47 7,754,606.18 2,390,581.29 30.83 1,546,197,717.06 186,952,245.53 1,359,245,471.53 7.27 1,418,000,000.00 393,000,000.00 1,025,000,000.00 11 9 10 2.61 102500 20,919,550.10 10,398,650.63 10,520,899.47 1.01 1. 2003 2 25 2000 2002 2. 1. 1 2003 12 31 2002 12 31 2001 12 31 1.03 1.05 1.04 1.01 1.06 1.02 45.69 26.30 28.84 1-1-124

10.62 10.14 8.13 / 3.19 2.87 2.50 2 2003 2002 2001 / 0.44 0.45 0.41 0.73 0.87 0.72 / / -0.05-0.20 0.12 2003 659,853,799 2. 2001 2003 2003 / / 31.25 32.22 1.00 1.00 19.62 20.22 0.62 0.62 13.92 14.35 0.44 0.44 12.69 13.08 0.40 0.40 2002 / / 33.04 34.81 0.95 0.95 21.33 22.48 0.61 0.61 15.29 16.64 0.45 0.45 16.08 16.95 0.46 0.46 2001 / / 31.23 33.15 0.78 0.91 19.61 20.83 0.49 0.57 16.39 17.41 0.41 0.48 16.18 17.18 0.40 0.47 1-1-125

/ / / / / / / ROE P ROE E0 NP/2 Ei Mi/M0 Ej Mj/M0 P NP E0 Ei Ej M0 Mi Mj EPS P ROE S0 S1 Si Mi/M0 Sj Mj/M0 P S0 S1 Si Sj M0 Mi Mj 1-1-126

1. 1) 125,000.00 110,000.00 95,000.00 80,000.00 65,000.00 50,000.00 35,000.00 20,000.00 2001 2002 2003 100,067.47 123,513.47 133,481.89 51,381.09 62,521.67 65,684.55 33,959.27 44,560.26 44,332.14 15.50% 13.07% 2003 2002 1995 1999 3% 2000 23% 2001 24% 2000 2001 40.97% 32.11% 2002 9 10 5 6 2002 2003 60% 64.77% 17,023.58 31,270.55 53.30% 83.69% 2001 51% 2003 39,156.65 16,342.46 1-1-127

2003 2.3% 2003 133,481.89 2002 9968.42 8.07% 24,246.97 83.69% 720.75 2.3% 2000 2001 35 40 2002 10 2003 24,051.31 37.77% 2003 2003 83.69% 2.3% 52.26% 2003 133 481.89 8.07% 44,332.14 0.51% 2003 2) 2003 2002 2001 133,481.89 123,513.47 100,067.47 63,364.47 56,844.23 45,288.16 % 52.53 53.98 54.74, 50% 2003 52.53% 3) 2003 2002 2001-22,833.47 20,711.19 17,184.70 1-1-128

1,916.69 1,706.61 1,975.16 24,750.16 22,417.80 19,159.86 % 18.54 18.15 19.15 90% 2003 22,833.47 2002 20,711.19 2122.28 10.25% 2002 2003 2001 2003 13.66% 4) 2001 2003 3.76% 5) 96 80 15% 2002 15% 2002 33% 33% 2000 2000 2004 2002 15% 2000 2 [2000]99 < > 1-1-129

2001 2004 2002 33% 2003 2002 2001 33% 33% 33%33% 15% 33% 443,321,415.05 406,471,415.05 445,602,550.21 411,834,550.21 339,592,666.99 339,592,666.99 69,303,658.15 69,303,658.15 80,127,802.38 80,127,802.38 40,487,072.03 82,168,021.55 81,535,441.90 81,535,441.90 66,633,131.78 66,633,131.78 29,264,585.64 29,264,585.64 292,482,315.00 255,632,315.00 298,841,616.05 265,073,616.05 269,841,009.32 228,160,059.80 659,853,799.00 659,853,799.00 659,853,799.00 659,853,799.00 659,853,799.00 659,853,799.00 0.44 0.39 0.45 0.40 0.41 0.35 6) 2003 25 2002 18% 2003 3,685 2. 2003 12 31 2002 12 31 2001 12 31 1.03 1.05 1.04 1.01 1.06 1.02 % 45.69 26.30 28.84 33.61% 2003 12 31 210,593 141,800 2003 45.69% 1-1-130

3. 2003 12 31 2002 12 31 2001 12 31 195,412.75 202,633.61 149,635.43 70,769.91 71,045.15 81,875.34 % 17.88 17.57 14.53 10.62 10.14 8.13 0.67 0.93 0.68 3,139.34 2,275.06 2,300.54 4.44 3.20 2.81 1) 14.28% 2002 (1)2001 (2) (3)2002 2003 9 10 35 40 9 10 11 2) 16.66% 3.48% 2003 12 31 3,139.34 1 1000 2003 2 580.79 202.21, 1-1-131

3 291.25 1999 276.25 291.25 1999 4 8,750 12,500 ( ) 4. 2003 12 31 154,619.77 2002 12 31 135,924.55 7.27 2003 1 2 7.7 11 3 4.12 9 10 4 8,950 10# 5. 100% 3 5 50% 5% 100% 50% 1-1-132

2003 12 31 ( ) ( ) % % 1 12,587.64 88.02 629.38 3,127.74 88.72-1 2 6.69 0.05 0.33 - - - 2 3 183.25 1.28 9.16 10.31 0.29-3 1,522.81 10.65 1,007.39 387.54 10.99 386.25 14,300.39 100.00 1,646.27 3,525.59 100.00 386.25 1 5% 5% 5 + - - 1 2 10% 10% 5% 20% 2 3 30% 30% 20% 50% 3-4 50% 60% 50% 50% 100% 4-5 80% 5 100% 100% 100% 6. 2003 2002 2001 48,141.08 57,106.14 47,797.78 : 121,213.35 117,887.96 103,561.21 41,815.19 39,432.37 32,091.09 17,652.82 17,421.49 10,654.26 26,417.53 23,147.55 20,279.82 9,157.22 3,564.16 4,642.94-137,477.23-53,314.47-39,895.85 85,868.00-16,681.27 272.30-3,468.14-12,889.60 8,174.23 2001 2003, 0.36% 1-1-133

1 2002 2003 2003 7. 1) 2003 69,726 5 3.5 2003 7 2) 2003 17,180 17,124 2003 380 3) 2003 109,304 92,561 2003 89152 79074 4) 2003 30,516 9 10 29,546 2003 2125 2002 8 1000 35# 40 5) 2003 2,050 7 8 1,660 2003 572 2002 1-1-134

6) 2003 3,223 9 10 2003 505 2848 2003 4 7) 2003 10# 8,504 6,350 2003 6 8) 2003 9 10 22,130 15,922 9) 2003 11 52196 34002 240 10) 2003 288 92 11)2001 13,342.94 51% 2000 12 31 36,221.85 1.54% 31 141.11 1.80% 51% 2000 2,539.03 2001 5 31 50% 2001 7 3 2001 5 31 50% 2001 5 31 8. 2003 12 31 1-1-135

1) 7300 1999.10.20~ 99175 2007.10.19 3500 2002.3.11~ 9000 2002 030 2007.3.9 3500 2002.3.11~ 9000 2002 031 2007.3.9 25000 1270073862002003 2002.12.16~ 2007.12.15 3000 2003 001 2003.1.7~ 2006.1.6 20000 12702003001 2003.1.13~ 2008.1.12 15500 56020030511 2003.7.7~ 2008.7.6 15500 003168 2003.7.16~ 2008.7.15 20000 12702003007 2003.9.17~ 2008.9.16 5500 2003 010 2003.10.31~ 2008.10.30 23000 12702003008 2003.11.5~ 2008.11.4 2) - 271.20 15.44-286.64 1-1-136 2003 12 31 286.64 3) 2003 12 31 6,987.68 : 2,763.87 1,204.62 224.86 396.24 357.98

75.36 174.26-1,790.49 4) 2003 12 31 50,885.90 6,749.83 2003 2002 2001 2000 2003 2002 2001 2000 50,221.47 6,749.83 11,681.26 13,511.01 18,279.37 1 2003 12 31 3.92 2 100% 3 2003 12 31 4.81 9. 9 10 11 2004 1 92,939 9 10 25,255 11 43,118 10 2,600 1-1-137

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2003 6 1,000 9 10 3 2003 101.51 64.77% 19.14% 58.13% 11. 45 4 19 9 15 31 10 1-1-139

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2003 10 30 2003 1. 2001 2850 2. 18.55 154,030 9,917 325 44,892 75,358 9,455 234 2,700 233 706 288 4,203 494 1,587 1,761 1,419 1-1-148

81 197 180 11,772 1. 1,248 2. 924 3. 38 4. 38 5. 218 6. 1,162 7. 562 8. 3,236 9. 50 10. 1,511 11. 40 12. 370 13. 1,628 14. 445 15. 301 11,614 1. 11,614 8,084 1. 8,084 185,500 3. 2005 70% 2001 2005 15% 4,800 TEU 1,000 1-1-149

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2002 3 2001 1999 84 1999 139 2000 1998 33,899 10 3 7 53 18,736 2000 2 23 2000 3 90 18,736 2001 6 30 18,736 2000 2001 1-1-154

2000 2001 ( ) 15,352 3,384 18,736 8.28 2003 12 31 69,726 1999 2000 7 1,050 2,900 32,449 2003 12 31 3,131.08 2000 372.20 2001 737.90 2002 901.16 2003 1,119.82 36,562.08 107.97% 112.68% 2004 2 20 1-1-155

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50 1998 1 1 2047 12 31 0.05% 3) 98 318 319 320 321 322 323 324 328,402.2 2,030,413.20 6 30 1997 1998 1999 2000 2001 40% 2002 1998 12 29 2048 9 29 0.05% 2. 1) 1-1-161

470 47.6 1999 2002 9% 2003 2006 10% 2007 11% 5% 15 18 217 15 30 1997 3 6 2027 3 6 0.5 60 2) 22 23 24 25 26 1998 1999 557.28 1998 1 1 2012 12 31 5% 0.03% 5% 3) 2000 25 26 2001 3 5 1-1-162

25 26 1,026.2 256.55 2001 1 1 2012 12 31 5% 0.03% 5% 3. 51% 51% 200118 51% 2000 25,390,326.96 133,429,356.77 2001 5 31 50% 66,714,678.19 66,714,678.18 2001 7 3 4. 1) 2) 1-1-163

3) 2002 10 11 30% 5. 1) 2) 10 6. 1999 59,211,276.00 1999 2003 1999 19,269,280.00 2000 9,985,499.00 2003 12 31 7. 1-1-164

2003 12 31 7300 1999.10.20~ 99175 2007.10.19 3500 2002.3.11~ 9000 2002 030 2007.3.9 3500 2002.3.11~ 9000 2002 031 2007.3.9 25000 1270073862002003 2002.12.16~ 2007.12.15 3000 2003 001 2003.1.7~ 2006.1.6 20000 12702003001 2003.1.13~ 2008.1.12 15500 56020030511 2003.7.7~ 2008.7.6 15500 003168 2003.7.16~ 2008.7.15 20000 12702003007 2003.9.17~ 2008.9.16 5500 2003 010 2003.10.31~ 2008.10.30 23000 12702003008 2003.11.5~ 2008.11.4 4.32 4.185 4.185 4.185 4.1175 4.185 4.185 4.185 4.185 4.185 4.185 1. 5% 2003 12 31 5% 2. 2003 12 31 1-1-165

2004 2 28 1-1-166

2004 2 28 1-1-167

2004 2 28 1-1-168

2004 2 28 1-1-169

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