0347 46,882 4,659 3,499 0.484 0.252 * 1
30% 2
. 2018 6 30 2018 6 30 2017 12 31 4,017 2,437 7 2 15,196 12,168 1,249 1,772 61 261 12,522 11,646 482 300 33,527 28,591 719 2,864 2,949 520 31 46,489 48,012 1,361 1,042 6,118 6,199 840 1,713 936 59,159 60,634 92,686 89,225 3
2018 6 30 2017 12 31 15,358 14,500 13 3 8,353 8,679 5,581 5,231 400 347 348 407 1,609 1,637 2,958 437 1,500 34,257 33,101 2,034 2,905 3,519 2,004 123 123 665 682 6 6 6,347 5,720 40,604 38,821 4
2018 6 30 2017 12 31 7,235 7,235 31,517 31,527 (163) (3) 56 38 3,580 3,580 4 9,428 7,606 51,653 49,983 429 421 52,082 50,404 92,686 89,225 5
2018 6 30 6 2018 6 30 2017 6 30. 46,882 39,063 5 46,882 39,063. 42,380 37,436 5 39,063 34,680 6 570 394 1,415 1,188 490 561 146 68 8 672 555 684 602 10 29 24 (10) 22 22-182 229 154 208 - (8) 5 -. - 4,698 1,883 9 6 48 20. - 4,659 1,869 9 1,166 38 6
2018 6 30 2017 6 30. - 3,493 1,831 1. 3,493 1,831 2. 3,499 1,823 (6) 8. 14 (9) 1. 2. 14 (9) 1. 1 7
2018 6 30 2017 6 30 2. 3. 4. 5. 13 (9). 10 0.484 0.252 10 0.481 0.252. 3,507 1,822 3,513 1,814 (6) 8 8
1. 33 76 2006 2 15 42 15 2014 2. 2018 6 30 2017 12 31 12,692 9,695 2,504 2,473 15,196 12,168 9
(1) 2018 6 30 2017 12 31 11,409 8,712 1,283 983 12,692 9,695 2,143 2,143 2,143 1,900 2018 6 25 2019 1 31 15,969 123 16,092 2018 6 30 10
(2) 2018 6 30 (%) (%) 1,930 74 66 98 11 1 1 1 631 25 1 1 2,572 100 68 100 2017 12 31 (%) (%) 2,173 85 66 98 11 1 1 1 357 14 1 1 2,541 100 68 100 11
2018 6 30 (%) (%) 1 2,435 95 1 2 111 4 67 99 2 3 17 1 3 9 1 1 2,572 100 68 100 2017 12 31 (%) (%) 1 2,430 96 66 98 1 2 20 1 1 1 2 3 18 1 3 73 2 1 1 2,541 100 68 100 12
2018 6 30 (%) 67 66 99 67 66 1,297 50% 0 3. 2018 6 30 2017 12 31 2,010 240 6,343 8,439 8,353 8,679 13
(1) 2018 6 30 2017 12 31 2,010 240 2,010 240 (2) 2018 6 30 2017 12 31 18 70 5,569 7,334 254 518 380 371 122 146 6,343 8,439 1 61 2-3 5 61 14
2018 6 30 2017 12 31 (%) (%) 1 6,252 99 8,348 99 1 2 7 10 2 3 23 22 3 61 1 59 1 6,343 100 8,439 100 4. 2017 12 31 7,604 2 1 2018 1 1 7,607 3,499 3,499 1,678 1,678 2018 6 30 9,428 2017 2018 6 5 2017 0.232 1,678 15
5. (1) 46,784 38,979 39,029 34,648 98 84 34 32 46,882 39,063 39,063 34,680 (2) 43,929 36,006 2,953 3,057 46,882 39,063 (3) 46,882 39,063 46,882 39,063 16
6. 134 75 96 53 184 168 68 66 37 31 1 1 50 570 394 7. 1,658 1,665 83 79 1,741 1,744 17
8. 684 602 538 549 146 53 10 29 3 23 (9) 10 5 672 555 9. 292 36 874 2 1,166 38 10. 0.484 0.252 0.481 0.252 11. 18
12. 2018 6 30 2017 12 31 18 2,279 1,121 2,279 1,139 13. 2018 6 30 2017 12 31 33,527 28,591 34,257 33,101 (730) (4,510) 14. 2018 6 30 2017 12 31 92,686 89,225 34,257 33,101 58,429 56,124 19
. 46,882 20.02%4,659 149.28% 3,499 91.94%0.484 / 92.06% 1. 1,135.026.29% 1,184.35 8.57% 1,074.30 5.13% 1,051.33 5.18% 97.86% 20
2. 180 3. 60 6% 21
4. 5. 14 22
20 75 6. 12.23% 29.42% 69.25% AC550LNG16MnDR 23
2025 12 9440 2018-2020 2025 25 6369 5.2 7. 18.5 H H 6 43.81% 24
8. ERP5500 2018 95% 9. 2018 100% 100% 25
1. (%) 46,882 39,063 20.02 39,063 34,680 12.64 1,415 1,188 19.11 490 561-12.66 146 68 114.71 672 555 21.08 1,166 38 2,968.42 872 256 26
(%) 1,907 611 212.11 1,296 4,266 898 1,267 516-824 -666-23.72 27
(%) 482 185 160.54 297 810 2,199 1,276 1,580 130 1,115.38 1,450 1,296 158 297 15 28
2. 3. (%) (%) (%) 46,784 38,979 16.68 19.89 12.52 5.46 11,834 9,180 22.43 1.02-10.92 10.39 16,761 13,874 17.22 19.27 18.92 0.24 7,949 6,896 13.25 46.71 34.03 8.21 43,831 36,364 17.04 21.87 14.37 5.44 2,953 2,615 11.45-3.40-8.15 4.58 29
4. 2018 6 30 2,034 2.65 4.9%2 5 2023 2,958 2018 AAA 2018 6 30 2,279 5. 18.5 H 2018 30
182 3.91-8 -0.17 24 0.52 22 0.47 9 0.19 48 1.03 31
1. (%) (%) 4,017 4.33 2,098 2.40 1.93 15,196 16.40 10,713 12.24 4.16 12,522 13.51 11,179 12.77 0.74 2,864 3.09 2,927 3.34-0.25 46,489 50.16 47,702 54.50-4.34 1,361 1.47 2,366 2.70-1.23 15,358 16.57 16,617 18.98-2.41 2,034 2.19 3,297 3.77-1.58 32
2. 1. 719 2. 39-8 31 3. 7 7-7 4. 680-160 520 726 726-15 -160 551 726 726-15 -160 551 13 13-13 0 33
3. 2018 6 30 1.28 2017 12 31 1.30 4. 2,143 1,900 2018 6 25 2019 1 31 5. 2018 6 30 1. 2. 3. 4. 5. 6. 34
1. (%) 154 0 2. 3. 4. (1) 600961 81 39-8 -8 31 35
(2) 1 2015 239 283 346 243 0.47% 4 4 29 1 239 283 346 243 0.47% 4 2018 3 26 2018 36
2018 1 2 3,842 / 3,893 / 55,140 / 98,750 / 540 / 2,005.5 / 2018 6 29 3,783 / 3,907 / 51,430 / 116,450 / 472 / 2,076.5 / 59 / +14 /3,710 / +17,700 / 68 / +71 / (1) (2) (3) 1. 2. 37
1.32 2,175 1,250 2,735 182 158 4,000 23,635 7,171 522 511 383 38
2018 6 30 3.10(1) 3.10(2) 3.21 2018 6 30 39
. 1. 2017 2018 14 ( ) 22 23 2437 ) 9 10 11 12 9 12 ) 2018 [2018]15 2018 1 1 40
A. 2006 1415 ) 41
42
B. 2006 22 23 24 2014 37 ) (1) (2) (3) 2018 1 1 43
2018 1 1 2018 C. 9 12 9 12 9 12 44
D. [2018]15 2018 2017 12 31 2017 12 31 2018 1 1 9,693 (9,693) 2,463 (2,463) 12 12,156 12,168 11,643 3 11,646 1,040 2 1,042 2 (2) 240 (240) 8,439 (8,439) 8,679 8,679 1,544 93 1,637 93 (93) 45
2017 12 31 2018 1 1 9,632 (9,632) 3,121 (3,121) 12,753 12,753 947 2 949 2 (2) 240 (240) 8,271 (8,271) 8,511 8,511 1,393 85 1,478 85 (85) 2017 2017 6 30 2017 6 30 629 (68) 561 68 68 2017 6 30 2017 6 30 607 (68) 539 68 68 46
[2018]15 2018 24(1) 2018 2017 2018 12 31 1 1 719 (719) 680 (173) 507 39 39 5,581 (5,581) 5,581 5,581 (3) (174) (177) 7,606 1 7,607 2017 2018 12 31 1 1 719 (719) 680 (173) 507 39 39 47
2017 2018 12 31 1 1 4,869 (4,869) 4,869 4,869 (3) (174) (177) 7,510 1 7,511 E. 2018 2018 1 6 8 2 2018 1 6 6 2018 6 2. 48
1. A. (%) (T-1)* SBB 587 / 3,750 51.50 576 / 65% CFR (T-1)* 65% (T-1)* 65% 3% 735 / 2,061 96.36 759 / (T-1)* 650 / 1,033 100.00 49
(%) 67.2% 30% 571 / 439 100.00 564 / 67.2%> 65% SBB 65% CFR 65 65%> 59% SBB 62% CFR 62 87 4.02 153 61.19 6 0.21 7,529 46.19 21,200 0.43 / 836 36.38 1.36 / 22 33.42 52 / 6 100.00 864 36.45 2,855 50
(%) 61 / 82 73.38 439 / 377 97.36 476 42.51 147 11.96 168 27.37 1,250 27.09 3,015-259 49.15 398 84.92 30 100.00 1.5% 55 100.00 222 20.18 104 71.24 3 65.28 51
(%) 1 61.86 + 11 62.71 477 47.79 85 72.54 10 48.03 1 61.74 9 100.00 0.004 0.23 115 100.00 1,780 50.59 6,500 20-35 / 109 100.00 600 3,780 / 1,043 2.44 2,561 / 47 100.00 2,844 / 75 18.95 1,036 / 22 100.00 85 5.85 4 100.00 1,276 2.86 5,310 52
(%) 169 43.38 12 55.17 181 43.97 330 3.82 / 18 85.23 4.08 / 5% 0.73 / 7 56.34 44 / 278 84.52 20 / 149 99.75 52 / 9 76.48 148 / 53 / 826 / 106 / 1 50.11 2 95.15 1 96.10 1 51.71 46 / 2 1.74 46 / 528 / 8 100.00 528 / 594 / 25 100.00 594 / 848 / 4 100.00 848 / 2 67.06 0.08 100.00 2 100.00 3 100.00 512 47.70 1,500 2018 2015 2018 53
B. (%) 5 43.49 50 1,990 2,000 28 4.21 150 100 2018 2015 2018 2018 54
(%) N9 N9 80% N9 55
C. (%) 142 4.73 142 4.73 2,100 2018 2015 2018 2. 56
3. 50 67 55 1 4. 2018 6 30 1,000 5. 2018 1 30 2018 2018 2 9 2018 5 30 57
1. (1) 2015 10 12 2015 2016 2018 2015 10 22 2016 2018 10% (2) (3) 2. 3. 58
2018 5 25 18.5 H 2018 5 28 H H 9.54 193,920,335 2018 6 29 2017 H H 9.20 201,086,956 (1) A.1.8 59
2018 1. 2018 7 4 360,000,000 A 4.98% 4,218,547,330 A 58.31% 3,858,547,330 A 53.33%360,000,000 A 4.98% 60
2. 2018 7 12 86.961 10 11 10 90.91% 1 9.09% 3. 2018 7 17 100% 100% 5,903.85 100% 61