招商银行股份有限公司

CHINA MERCHANTS BANK CO.,LTD.

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2006 4 10 2005 10 17 13 7 2.1 China Merchants Bank Co., Limited 2.2 2.3 7088 0755-83198888 0755-83195109 cmb@cmbchina.com 2.4 7088 7088 518040 www.cmbchina.com cmb@cmbchina.com 2.5 http://www.sse.com.cn 2.6 600036 110036 2.7 2

1987 3 31 1000001001686 44030110001686X 44030410001686X 1 2 8 2.8 3.1 6,633,537 6,462,079 3,930,383 3,748,794 3,852,792 3,748,794 6,555,946 6,462,079 6,555,946 6,462,079 3,387,498 3,138,164 0 0 77,591 0 27,294,077 34,573,001 19,772,803 25,094,419 1 1 2004 77,591 2 = - 3.2 3 2005 2004 2003 28,446,146 28,737,698 22,494,817 22,762,008 16,246,326 3,930,383 3,748,794 3,144,087 3,276,182 2,229,910 733,983,030 734,612,864 586,574,233 586,714,567 493,909,442 24,670,546 25,997,468 20,880,950 21,958,287 18,261,438 0.38 0.36 0.46 0.48 0.39 0.32 0.31 / / / ()( 2006331) 0.38 0.36 0.46 0.48 0.39 0.37 0.36 0.45 0.48 0.39

2.38 2.51 3.05 3.21 3.20 2.37 2.50 3.03 3.19 3.10 2.63 3.33 0.98 2.65 3.21 % 15.93 14.42 15.06 14.92 12.21 15.62 14.42 14.66 14.92 12.20 % 17.16 16.00 15.68 16.68 12.79 % 1 2 2004 21 9 2 200644 2006331 6,453,076,000 100036 G600036 1,035,826,579 ( ) 12,279,328,860 1,904,985,046 0.32 3 2005 20042003 4 2004 2004 3,240,834 3,276,182 3.3 4 2005 2005 2004 2004 3,930,383 24,670,546 3,144,087 20,880,950 34,215 639,746 109,280 136,722-177,759 687,176 22,815 940,615-38,045 3,748,794 25,997,468 3,276,182 21,958,287 1 2, 3 ---- 3.4

10,920,000 10,920,000 3,787,565 4,031,158-456,575-456,575 0-243,593 83,959 83,959-744,909-744,909-78,053-78,053-1,658-1,658 13,510,329 13,510,329 3.5 2005 2004 2003 709,312,484 708,615,396 565,693,283 475,648,004 634,403,552 634,403,552 512,586,194 406,885,855 29,877,649 29,877,649 23,358,440 21,222,564 472,185,004 472,185,004 374,017,058 307,480,056 1 204,229,615 204,229,615 193,387,400 159,878,044 12,215,497 12,215,497 8,086,945 6,333,791 99,526,919 99,526,919 60,885,590 62,224,462 145,839,238 145,839,238 102,200,025 70,295,648 10,373,735 10,373,735 9,457,098 8,748,111 2005 20042003 2 3 4 2005 2004 3.6 20051231 20041231 20031231 (%) 8 9.06 9.47 9.55 8.69 9.49 11.16 15 2.58 2.64 2.87 2.91 3.15 4.18 75 59.23 62.09 62.58 63.69 61.74 62.47 85 55.58 55.71 49.62 54.42 54.68 48.46 85 58.91 61.37 61.18 62.67 60.96 60.56 25 56.52 57.71 55.36 55.92 58.7 55.96 60 81.29 64.27 83.45 92.34 103.77 113.34 4 0 0.16 0.29 0.31 0.02 0.4 8 1.08 0.98 1.17 1.74 3.36 3.33 100 0.89 0.85 0.84 1.83 2.55 0.49 5

- 98.93 98.92 98.91 99.11 99.3 98.31 10 7.82 6.33 4.81 5.93 5.96 6.1 50 42.56 41.50 37.90 46.87 48.26 43.26 2004 2005 2004 2 23 3.7 1 % 6,555,946 26.57 29.20 0.63 0.64 6,555,946 26.57 29.20 0.63 0.64 3,930,383 15.93 17.51 0.38 0.38 3,852,792 15.62 17.16 0.37 0.37 2 % 6,462,079 24.86 27.57 0.62 0.63 6,462,079 24.86 27.57 0.62 0.63 3,748,794 14.42 16.00 0.36 0.36 3,748,794 14.42 16.00 0.36 0.36 3.8 1 6,848,182 8,128,383 1,591,086 0 4,313,299 20,880,950 3,526,162 548,518 786,076 3,000,000 3,930,383 11,791,139-3,424,122-4,539,376-7,963,498-38,045-38,045 10,374,344 5,214,734 2,377,162 3,000,000 3,704,306 24,670,546 2004 10 5 3,424,122 102,040 2004 10 5 3,424,122 548,518 2005 10% 393,038 2005 10% 393,038 2005 49 30 2005 2004 2 6 6,848,182 9,046,183 962,268-65,317 3,784,853 1,382,118 21,958,287 3,526,162 472,838 628,818 468,809 3,000,000 3,748,794 1,616,024 13,461,445-3,424,122-4,616,024-1,382,118-9,422,264 10,374,344 6,094,899 1,591,086 403,492 3,000,000 2,917,623 1,616,024 25,997,468 3,526,162, 2004 10 5, 102,040 472,838 3,424,122 2004 10 5

628,818 2004 468,809 109,496 359,313 3,000,000 2005 49 30 3,748,794 2005 4,616,024 2005 786,076 3,000,000 2005 829,948 1,616,024, 2005 786,076 2005 829,948 1,382,118 2004 628,818 2004 753,300 3.9 20051231 20041231 20031231 38,359,896 35,245,650 27,740,735 23,614,771 20,096,650 18,026,382 423,312,444 369,130,931 292,222,168 9.06% 9.55% 9.49% 5.58% 5.44% 6.17% 2005123120041231 2004223 4.1 5,048,181,636 73.72 2,524,090,818 2,524,090,818 7,572,272,454 72.99 1 2,679,696,893 39.13 1,339,848,447 1,339,848,447 4,019,545,340 38.74 2,679,696,893 39.13 1,339,848,447 1,339,848,447 4,019,545,340 38.74 2 2,368,484,743 34.59 1,184,242,371 1,184,242,371 3,552,727,114 34.25 3 4 1,800,000,000 26.28 900,031,890 102,039,470 1,002,071,360 2,802,071,360 27.01 1 1,800,000,000 26.28 900,031,890 102,039,470 1,002,071,360 2,802,071,360 27.01 2 3 4 6,848,181,636 100.00 3,424,122,708 102,039,470 3,526,162,178 10,374,343,814 100.00 4.2 4.2.1 2002 33 2002 3 27 7

15 7.30 2002 4 9 600,000,000 C 2002 7 10 53,655,400 B 2002 8 12 133,791,005 A 2002 12 10 282,753,595 2003 4 10 429,800,000 1,500,000,000 4.2.2 2005 5 17 2004 2004 10 1.1 10 5 2005 6 20 10,272,368,123 2005 5 10 (110036) 635,905,000 (600036) 102,071,360 6,500,000,000-635,905,000 5,864,095,000 4.1 4.2.3 4.3 [2004]155 2004 11 10 6,500, 100, 65 2004 165, 6,500 2004 11 29,, 110036 2004 11 29 2009 11 10 2004 10 29 11 23 4.4 2005 6 20 2004 10 1.1 10 5, 9.34 6.23 2005 6 14 4.5 [2004]36 35 8

2004 3 25 5 1 4.59% 2004 6 7 3 5 1 5.10% 4.6 4.6.1 3,534,390 18,208,755, 7,200,000 159,075,489 53,453,925 1000 2,650,794 2005 12 4.6.2 150,832 8,562 10 % 17.78 1,844,371,997 1,844,371,997 0 ( ) 8.53 884,419,548 884,419,548 0 5.64 585,253,656 585,253,656 0 3.16 327,722,400 327,722,400 0 2.50 259,381,962 259,381,962 0 2.05 212,529,414 0 ( ) 1.95 201,855,701 201,855,701 0 1.93 200,453,514 200,453,514 0 1.76 182,141,550 182,141,550 0 1.76 182,141,550 182,141,550 0 1.76 182,141,550 182,141,550 0 ( ) 1.76 182,141,550 182,141,550 0 10 50 76,701,253 50 59,159,522 54,899,980 40,045,220 32,278,161 28,980,000 9

28,800,000 27,493,991 25,398,394 23,497,768 1 10 2 10 3 4.6.3 1 389,374,000 5.99% 2 344,783,000 5.30% 3 332,785,000 5.12% 4 300,000,000 4.62% 5 UBS LIMITED 187,660,000 2.89% 6 156,206,000 2.40% 7 153,140,000 2.36% 8 149,848,000 2.31% 9 148,550,000 2.29% 10 147,735,000 2.27% 2,310,081,000 35.54% 4.6.4 1 1948 10 11 2 100% 1872 10

100% 90% 10% 100% 0.68% 51% 49% 95% 5% 100% 99.32% 25.05% 99.99% 100% 99.99% 17.78% 0.62% 3.16% 0.66% 1.93% 1.18% 100% 68,284,415 2006 2 182,068,000 35,733,250 2006 2 4.6.5 5 1 1961 4 27 19 2 1949 10 22 30.75 5.1 5.1.1 11

1947.4 2004.6 2007.6 0 0 0 1949.12 2004.6 2007.6 0 0 0 1957.3 2004.6 2007.6 0 0 0 1955.4 2004.6 2007.6 0 0 0 1958.7 2004.6 2007.6 0 0 0 1962.11 2004.6 2007.6 0 0 0 1958.6 2004.6 2007.6 0 0 0 1960.12 2004.6 2007.6 0 0 0 1961.5 2004.6 2007.6 0 0 0 1948.6 2004.6 2007.6 0 0 267.83 1959.11 2004.6 2007.6 0 0 137.04 1951.10 2005.9 2007.6 0 0 2.18 1959.3 2004.6 2007.6 0 0 6.72 1948.6 2004.6 2007.6 0 0 6.72 1958.5 2004.6 2006.6 0 0 6.72 1938.6 2004.6 2006.6 0 0 6.72 1956.6 2004.6 2006.6 0 0 6.72 1937.6 2004.6 2006.6 0 0 6.72 1955.9 2004.6 2007.6 0 0 0 1966.3 2004.6 2007.6 0 0 0 1944.1 2004.6 2007.6 0 0 0 1971.12 2005.5 2007.6 0 0 0 1947.7 2004.6 2006.6 0 0 6.72 1961.11 2004.6 2007.6 0 0 82.40 1964.2 2004.6 2007.6 0 0 39.86 1963.5 2004.6 2007.6 0 0 35.46 1959.3 2004.6 2007.6 0 0 135.31 1956.6 2004.6 2007.6 0 0 69.08 1 2001 2002 2 3 2005 9 5.1.2 2001 1 2000 6 2000 4 2002 7 1999 6 2002 7 2000 12 2001 3 1998 10 1998 5 2005 12 2002 2 2002 2 2000 11 12

13 5.1.3 1 ABAC 2001

14 TOM 2001-CCTV The Banker 2004 Rising Stars of Banking Stirling.. 1972 2

3 1993 5.1.4 2005 5 17 2004 2005 5 17 2005 9 20 2005 2005 9 20 5.2 20,653 2,117 15,779 2,757 17,438 84.4 53 6.1 6.1.1 15

2004 2005 6.1.2 17 6 9 2 2004 2005 2005 2005 6.1.3 9 2 4 3 2004 6.1.4 43 120 400 21 50 3 15 (IR) 2004 A IR TOP10 6.2 6 6 16

6.2.1 6.2.2 6 5 0 1 / 14 12 1 1 14 10 2 2 14 13 1 0 14 13 0 1 / 14 14 0 0 / 6.2.3 6.3 6.4 2005 12 2004 2005 5 17 2005 5 18 2005 2005 9 20 2005 9 21 8.1 17

8.1.1 QFII 8.1.2 2005 7339.83 25.13% 6344.04 23.77% 4721.85 26.25% 2.58% 0.29 66.34 32.35% 39.30 25.01% 3.35 2 10.45 5.26 0.49 2435.24 29.06% 45% 192.74 19.88% 2.39 24.07 51.29% 8.46% 1.39 1 234 500 POS 300 4.1 104% POS 2.3 140% 5000 8.4% 1 360 3700 5400 7.9 2.2 32.9 36.1% 2004 7 POS 3.5 1 162 2700 3 800 4700 40% 2900 742 40% 393 43% 1 52.4% 22% 38% 5 7 18

237 55 GE 6289 59% 50 10 15 2 111 10 100 3.33% 200 BP 3.0%3.43% 14BP81BP 3 4 60 2004 3 2004 19

RAROC EVA 8.1.3 20041110 65 AAA 2005 11 9 2005 11 10 2006 3 31 6,453,076,000 (110036) G (600036) 1,035,826,579 ( ) 46,924,000 0.72% 8.1.4 1 20,814,002 1,838,111 3,387,498 2,406,535 28,446,146 2 11,297,881 1,401,082 9,193,606 3,165,849 5,026,101 1,878,989 2,705,743 131,603 222,815-21,577 28,446,146 6,555,946 3 2005 12 12 12.73% 2 22.41% 2 13.51% 2 17.80% 1 4 20

21 8.1.5 100% 99,855 4.8% 38,016 0.7% 8,482 1 [1998]405 [2002]30 2002222 2002 2003 2004 518 2 [2001]234 80,000 41,984 38,016 2002326 2002 38,016 3 1984 8.1.6

8.1.7 % 733,983,030 147,408,797 25.13 13,983,030 634,403,552 121,817,358 23.77 4,403,552 472,185,004 98,167,946 26.25 22,185,004 6,633,537 1,621,315 32.35 --- 8.2 8.2.1 7088 518040 1 2528 291,846 2 518001 63 2304 59,654 161 200120 40 1589 53,855 518 430022 20 902 18,046 156 100031 31 1417 55,299 12 110003 17 912 19,794 138 510620 27 1013 15,287 9 610016 15 586 8,264 9 730000 14 400 8,100 107 710001 15 736 12,850 1 210005 13 587 19,085 128 214002 8 218 5,348 125 213003 1 63 474 128 215004 6 197 5,151 2 400010 16 693 11,898 17 116001 12 496 7,652 310 310001 15 579 16,067 938 315041 8 242 6,195 325000 7 184 3,399 60 312000 3 98 2,631 162 330003 10 492 7,194 24 410005 11 460 6,077 60 350003 11 416 5,287 301362000 1 57 316 36 266071 10 435 10,075 55 300204 14 503 10,871 21 250011 12 408 19,094 237264000 2 76 2,469 80 830002 7 308 3,607 48 650051 10 330 11,977 436 230061 9 357 7,301 862 361004 5 202 3,466 3 150001 7 255 4,822 22

68 450008 7 283 7,588 523129 4 184 2,767 1-3 528000 1 86 3,686 12 1 50 6,491 35 100005 1 5 ---- 509MadisonAveune,Suite306, 1 2 ---- NewYork,NewYork10022,U.S.A --- --- 456 20653 733,983 100 8.2.2 % 445,503.31 94.35 345,976.39 73.27 99,526.92 21.08 14,514.23 3.07 4,923.87 1.04 4,752.83 1.01 2,490.76 0.53 472,185.00 100.00 1 2 135.10 / 111.04% 8.2.3 % 30.00 7.82 22.00 5.74 19.75 5.15 15.56 4.06 15.00 3.91 13.30 3.47 13.00 3.39 12.70 3.31 10.99 2.86 10.95 2.85 163.25 42.56 383.60 383.60 30.00 7.82% 10% 8.2.4 23

8.2.5 42.69 90 14.48 8.2.6 4.80 433,016.78 1 1 297,268.49 124,760.96 10,987.33 2 143,000.56 87,473.25 109,265.36 93,277.61 8.2.7 % 191,978,045 0.89 131,584,224 2.21 106,283,884 0.67 109,401,132 1.84 539,247,285 1.48 8.2.8 % 1996 87,746 2006.06 11.83 1997 40,097 2007.09 9.78 1998 9,000 2008.09 5.5 1999 221,840 2006.02---2009.04 2.88---4.88 2000 277,586 2007.02---2010.09 2.72---3.50 2001 1,089,000 2006.07---2021.10 2.77---3.85 2002 148,800 2007.04---2009.12 2.22---2.93 2003 568,188 2006.06---2013.04 2.32---3.50 2004 302,700 2006.06---2011.08 3.20---4.89 2005 24,000 2006.03---2008.8 1.40 2.12 2001 10,869 2006.04---2006.10 3.14 2002 112,490 2007.03---2007.11 2.29---2.74 2003 106,237 2006.3---2008.11 2.32---2.63 2004 1,275 2007.03---2009.10 2.96---3.53 2005 23,461 2008.4---2008.9 3.24---3.37 G7 44,836 2006.12---2013.5 2.25---3.63 72,971 2006.05---2027.10 3.75---7.75 24

8.2.9 1,924,612 ------ 704,707 32,299 8.2.10 121.67 13.93 2.58% 0.29 2005 1 2 (3) 4 5 6 7 2005 15.78 2004 7.62 (1) 2 3 4 5 6 7 8 8.2.11 8.2.12 1 51.31 2 571.49 3 1235.25 25

26 8.2.13 8.2.14

8.3 8.3.1 200241 15 7.30 107.69 200242 1 35 2 23 3 2 1.69 4 10 5 2004 11 65 50 2005 12 2004 35 8.3.2 3.87 0.01 2.94 1.67 8.4 8.4.1 1 % 733,983,030 25.13 709,312,484 25.39 50,452,274 45.82 24,670,546 18.15 6,555,946 32.99 3,930,383 25.01 19,772,803 ---- 27

2 30% % 18,576,302 62.52 22,708,285 43.75 12,215,497 51.05 99,526,919 63.47 40,640,277 34.97 24,274,400 86.41 145,839,238 42.70 1,121,045 38.50 13,367,005 36.31 8,224,729 33.00 107,931-96.19 39,673,505 58.36 424,219-71.84 2,705,110 34.45 61,405,497 32.91 821,317 35.34 3,290,411 33.45 21,515 104.32, 10,000,000 ---- 10,374,344 51.49 2004 5,214,734-35.85 2004 2,377,162 49.40 3,000,000 ---- 1,855,993 56.39 550,542 36.20 7,963,648 51.35, 41,371-34.00 3,387,498 31.38 37,928 67.64 2,703,154 44.70 8.4.2 9.13 211 11 70 3 127 2004 132 16 54 4 3 3 52 8.5 1 2005 4 27 2005 6 1 2005 10 13 100 28

3 5 50 3 2.13% 1.11 1 0.12 5 2.56% 1.04 2 2005 7 21 2%, 3 2005 3 17 0.9 20% 30% 4 2005 3 17 1.62% 0.99% 5 2005 3 17 6 29

2005 5 24 2005 1400 152 8.6 2006 IT 8.7 1 2005 3 29 2005 3 31 2 2005 4 25 2005 4 27 3 2005 4 29 2005 4 30 4 2005 6 22 5 2005 7 12 6 2005 7 22 7 2005 7 28 2005 7 29 8 2005 8 17 2005 8 19 9 2005 10 26 2005 10 28 10 2005 11 22 11 2005 12 13 12 2005 12 18 2005 12 19 30

13 2005 12 28 2005 12 30 14 2005 12 29 2005 12 30 1 2004 2004 2004 3,144,087 3,240,834 2004 10% 314,409 10% 314,409 2,515,269 2,612,016 [2001]58 10 1.1 10 5 2 2004 2005 3 2005 4 2005 [2005]75 [2005]252 150 8.8 4 [2001]58 2005 39.30 37.49 2005 10% 393,038 10% 393,038 3,144,307 2,962,718 [2001]58 10 0.8 [2005]49 30 110036 2005 2005 31

8.9 2005 2 18 [2005]29 2005 7 11 [2005]133 12 2005 7 13 [2005]174 6 2005 8 4 5 2005 10 11 [2005]75 [2005]252 150 2005 12 13 2005 323 30.1 2005 12 10 0.8589 10 1.7374 10 6 18 5.65 13 8.10 2003 56 2005 120 2005 2005 12 32

347.13 42.9% 83.91 34.9% 263 45.67% 109 9.1 9.1.1 1 2005 3 28 29 9 7 2004 2004 2004 2004 2005 2004 2005 2 2005 8 17 9 7 2005 2005 9.1.2 1 2005 5 23 25 2004 2004 2 2005 9 12 16 2005 2005 9.2 1 33

2 3 4 5 6 7 10.1 380 203,064.61 422.73 3,000 876.69 31,216.54 259.22 1,538 31 19,088.85 106.63 3,000 876.69 22.19 37.52 1,538 3 64,298.6 278.7 19,874.07 220.8 10.2 10.3 56.29 19.49 25.72% 39.22 4.66 13.48% 5%5% 34

2005 12 2004 12 1,844,371,997 2,600 26,700 884,419,548-165,530 585,253,656 10,000 10,000 3,314,045,201 12,600 202,230 562,924.40 1.20% 392,235.20 0.61% 383.60 6 1% 6 30.02 0.64% [2003]56 [2005]120 2600 7.56 7.82 0.17% 10.4 10.4.1 10.4.2 10.4.3 10.5 2005 10.6 5 2005 12 36 24 12 8.48 10.7 35

2004 2005 2005 430 5 2003 13 2005 2005 2004 430 350 ---- ---- 10.8 2004 12.1 12.2 12.3 12.4 12.5 36

2005 2 2005 2005 1 2005 2 2005 3 2005 37

KPMG-AH (2006) AR No. 0014 ( ) 1 2 8 100738 1

( ) 2005 2004 7 3,899,528 3,924,454 8 62,101,886 54,986,875 9 18,576,302 11,429,815 10 22,708,285 15,797,310 11 204,229,615 193,387,400 12 12,215,497 8,086,945 13 1,924,612 1,668,729 14 672,408 628,315 15 99,526,919 60,885,590 16 40,640,277 30,111,199 17 24,274,400 13,022,216 18 13,786,760 13,763,016 504,556,489 407,691,864 ------------------ ------------------ 2

( ) ( ) 2005 2004 ( ) 19 145,839,238 102,200,025 20 10,373,735 9,457,098 22-13,510,329-10,920,000 23 76,893,870 68,897,024 24 146,353 143,464 25 9,298,250 8,582,476 25-3,691,016-3,026,066 25 5,607,234 5,556,410 26 1,121,045 809,446 226,471,146 176,143,467 ------------------ ------------------ 27 83,793 91,245 28 579,602 677,657 663,395 768,902 ------------------ ------------------ 29 2,292,000 1,970,000 ------------------ ------------------ 733,983,030 586,574,233 3

( ) ( ) 2005 2004 30 293,053,802 248,211,330 31 224,093,755 173,454,001 32 13,367,005 9,806,673 8,224,729 6,183,983 33 107,931 2,831,718 34 39,673,505 25,053,158 35 424,219 1,506,311 36 3,041,930 3,605,121 2,185,799 2,950,145 2,195,316 2,419,887 37 2,705,110 2,012,037 38 61,405,497 46,201,735 1,180,598 949,031 821,317 606,858 39 3,290,411 2,465,677 72,454 56,950 21,515 10,530 40 2,995,317 2,768,223 658,860,210 531,093,368 ------------------ ------------------ 4

( ) ( ) 2005 2004 ( ) 10,447,469 8,121,242 19,430,180 15,237,198 41(a) 1,210,530 1,241,475 41(b) 5,864,095 6,500,000 41(c) 3,500,000 3,500,000 41(d) 10,000,000-50,452,274 34,599,915 ------------------ ------------------ 709,312,484 565,693,283 ------------------ ------------------ 42 10,374,344 6,848,182 43 5,214,734 8,128,383 44 2,377,162 1,591,086 3(u) 3,000,000-3,704,306 4,313,299 829,948 753,300 24,670,546 20,880,950 ------------------ ------------------ 733,983,030 586,574,233 () ( ) ( ) ( ) ( ) 5

( ) 2005 2004 25,058,648 19,916,459 45 20,814,002 16,781,562 46 1,838,111 1,543,902 1,855,993 1,186,786 550,542 ------------------ 404,209 ------------------ 9,370,021 7,116,021 47 7,963,648 5,261,852 48 1,076,057 1,493,383 288,945 298,100 41,371 ------------------ 62,686 ------------------ 7,908,583 6,514,204 49 3,387,498 2,578,358 50 1,218,809 ------------------ 976,564 ------------------ 9,948,733 7,888,028 115,519 105,244 37,928 22,624 10,026,324 7,970,648 51 3,392,787 2,958,426 6,633,537 5,012,222 52 2,703,154 1,868,135 3,930,383 3,144,087 ( ) 53 0.38 0.31 53 0.38 0.31 53 15.93% 15.06% 53 17.51% 16.10% () ( ) ( ) ( ) ( ) 6

( ) 2005 1 1 6,848,182 8,128,383 1,591,086-4,313,299 753,300 20,880,950 - - - - 3,930,383-3,930,383 2004 4(b) - - - - -753,300-753,300-753,300 - - - 3,000,000-3,000,000 - - 3,424,122-3,424,122 - - - - - 102,040 548,518 - - - - 650,558-38,045 - - - - -38,045 2005 4(a) - - 786,076 - -786,076 - - 2005 4(a) - - - - - 829,948-2005 12 31 10,374,344 5,214,734 2,377,162 3,000,000 3,704,306 829,948 24,670,546 2004 1 1 5,706,818 9,269,295 962,268-2,323,057 525,027 18,261,438 - - - - 3,144,087-3,144,087 2003 - - - - -525,027-525,027-525,027 1,141,364-1,141,364 - - - - - 452 - - - - 452 2004 4(b) - - 628,818 - -628,818 - - 2004 4(b) - - - - - 753,300-2004 12 31 6,848,182 8,128,383 1,591,086-4,313,299 753,300 20,880,950 () ( ) ( ) ( ) ( ) 7

( ) 2005 51,154,117 47,547,801 91,358,485 8,808,149 26,146 22,506,912 1,855,993 83,959 1,179,488 224,521,050 ------------------------ 94,793,330 55,351,695 17,088,928 7,367,314 4,369,070 8,075,203 288,945 3,795,151 2,405,453 1,070,009 2,621,875 197,226,973 ------------------------ (1) 27,294,077 ------------------ 8

( ) ( ) 2005 113,997,443 3,273,927 43,663 117,315,033 ------------------------ 1,256,022 132,114,429 133,370,451 ------------------------ -16,055,418 ------------------ 10,000,000 10,000,000 ------------------------ 18,620 742,315 256,776 1,017,711 ------------------------ 8,982,289 ------------------ -448,145 ------------------ (3) 19,772,803 9

( ) ( ) (1) 2005 3,930,383-54 61,851 3,330,990 853,828 21,125-3,387,498-3,892-109,548,024 132,035,368 27,294,077 (2) 2005 3,899,528 ------------------ 22,992,876 10,481,370 18,425,883 19,973,592 5,701,430 77,575,151 ------------------ 81,474,679 10

( ) ( ) ( ) (3) 2005 3,899,528-3,924,454 77,575,151-57,777,422 19,772,803 () ( ) ( ) ( ) ( ) 11

( ) 1 ( ) (1986) 175 (1987) 86 0345 0497 (1989) 12 4 4 0025 9-0006 [1993] 73 (1994) 90 132 133 11.23 1000001001686 (4-4) [1996] 93 28.07 1000001686-X [1998] 173 14 42.07 11115840001 1000001001686 [2002] 33 7.30 (A ) 15 1 107.69 57.07 ( ) [2004] 106 11.41 57.07 68.48 12

( ) ( ) 1 ( ) ( ) [2005] 331 34.24 68.48 102.72 2 ( ) 69 13

( ) ( ) 3 (a) (b) (c) (d) (e) 14

( ) ( ) 3 ( ) (f) (g) (h) (i) 1 ( 1 ) 1 ( ) 15

( ) ( ) 3 ( ) (h) ( ) (i) ( ) (ii) 90 ( 90 ) (iii) (iv) ( ) ( [2005] 49 ) ( [2001] 416 ) 16

( ) ( ) 3 ( ) (h) ( ) (iv) ( ) (i) 17

( ) ( ) 3 ( ) (j) (i) (ii) (iii) 18

( ) ( ) 3 ( ) (j) ( ) (iv) (k) ( 3%) 20 4.85% 5 19.4% 5 19.4% 19

( ) ( ) 3 ( ) (l) () (i) 3 (ii) (iii) (m) 1 ( 1 ) (i) (ii) 20

( ) ( ) 3 ( ) (n) (i) (ii) (iii) (iv) (o) (p) (i) 21

( ) ( ) 3 ( ) (p) ( ) (ii) (q) : (i) ( ) 90 90 (ii) 22

( ) ( ) 3 ( ) (q) ( ) (iii) (r) (s) (t) 23

( ) ( ) 3 ( ) (t) ( ) () (u) ( [2005] 49 ) (v) (w) (x) [2005] 14 () 24

( ) ( ) 4 4 ( [2001] 58 ) (a) 39.3 37.5 ( 69) 10% 393,038 10% 393,038 ( 10 0.8 ) 829,948 1,616,024 25

( ) ( ) 4 ( ) (b) 31.4 32.8 ( 69) 10% 314,409 10% 314,409 ( 10 1.10 ) 753,300 1,382,118 7.53 10 5 42(h) 5 (a) ( [2001] 21 ) 5% (1997) 192 26

( ) ( ) 5 ( ) (b) 1% 7% (c) 3% (d) 10% 15% 33% (e) (i) () 10% ( ) (ii) () ( (2001) 13 ) [2004] 1113 27

( ) ( ) 6 5,000 100% ( ) [1998] 405 [2002] 30 7 2005 2004 3,834,774 3,644,110 64,754 280,344 3,899,528 3,924,454 8 391 ( 317 ) 7.5% 3% ( 7.5% 2%) 28

( ) ( ) 9 2005 2004 15,921,515 3,872,608 2,651,912 7,557,207 2,875-18,576,302 11,429,815 10 2005 2004 6,680,307 3,919,355 22,722 22,921 16,249,968 12,020,279 22,952,997 15,962,555-244,712-165,245 22,708,285 15,797,310 11 2005 2004 67,765,150 57,229,130 101,824,397 107,305,069 20,430,430 17,294,033 14,209,638 11,559,168 204,229,615 193,387,400 29

( ) ( ) 12 2005 2004 8,974,257 5,962,437 1,890,798 1,080,107 507,254 617,504 843,188 426,897 12,215,497 8,086,945 13 (a) 2005 2004 (%) (%) 1 1,920,731 99.80 1,663,916 99.71 1 2 397 0.02 848 0.05 2 3 60 0.00 115 0.01 3 3,424 0.18 3,850 0.23 1,924,612 100.00 1,668,729 100.00 (b) 2005 2004 704,936 568,468 1,156,995 1,037,572 62,681 62,689 1,924,612 1,668,729 30

( ) ( ) 14 (a) 2005 2004 (%) (%) 1 614,542 87.21-614,542 566,992 85.72-566,992 1-2 29,738 4.22-29,738 34,359 5.20-34,359 2-3 14,520 2.06-14,520 11,774 1.78-11,774 3 45,907 6.51 32,299 13,608 48,315 7.30 33,125 15,190 704,707 100.00 32,299 672,408 661,440 100.00 33,125 628,315 (b) 2005 2004 184,681 187,508 33,048 33,106 5,996 24,859 88,885 70,172 39,219 38,913 5,810 8,032 86,258 65,451 260,810 233,399 704,707 661,440-32,299-33,125 672,408 628,315 (c) 2005 2005 1 1 12 31 33,125 - - - -826 32,299 31

( ) ( ) 15 2005 2004 88,564,639 53,259,329 10,962,280 7,626,261 99,526,919 60,885,590 16 2005 2004 369,690 343,028 27,630,907 21,404,435 3,820,150 5,546,285 7,664,393 1,533,690 1,210,530 1,340,570 40,695,670 30,168,008-55,393-56,809 40,640,277 30,111,199 (a) (b) (c) 32

( ) ( ) 17 2005 2004 10,564,800 3,087,200 1,322,381 977,750 2,353,798 2,212,351 274,013-14,514,992 6,277,301 5,629,000 4,854,700 4,130,408 1,890,215 24,274,400 13,022,216 18 2005 (%) / 2.00-11.83 2006 2 1 6,055,394 5,963,550 29,853 79,782 6,073,185 2006 11 30 2006 5 26 3,365,252 3,368,961-633 - 3,368,328 2.41-3.92 2006 12 21 0.70-7.38 2006 1 15 4,351,074 4,348,887-3,640-4,345,247 2006 12 31 13,771,720 13,681,398 25,580 79,782 13,786,760 33

( ) ( ) 19 2005 1-2 2-5 5 6,454,330 19,605,119 5,831,567 31,891,016 7,620,971 15,631,699 7,389,311 30,641,981 2,593,759 8,381,365 63,490,131 74,465,255 1,194,083 2,545,423 5,101,480 8,840,986 17,863,143 46,163,606 81,812,489 145,839,238 2004 1-2 2-5 5 4,049,003 12,648,322 5,144,160 21,841,485 3,638,869 13,635,675 5,116,932 22,391,476 1,762,088 6,307,089 45,455,649 53,524,826 747,613 1,717,345 1,977,280 4,442,238 10,197,573 34,308,431 57,694,021 102,200,025 20 2005 2004 452,869 412,582 4,725,499 3,417,493 4,539,613 4,915,510 655,754 711,513 10,373,735 9,457,098 34

( ) ( ) 21 2005 2004 462,018,547 365,117,876 10,166,457 8,899,182 472,185,004 374,017,058 22 2005 2004 10,920,000 8,520,000 3,787,565 2,990,230-456,575-334,341 83,959 45,998 ( 1) -744,909-302,845 ( 2) -1,658 - -78,053 958 13,510,329 10,920,000 1 2 35

( ) ( ) 23 (a) 2005 1 1 2005 12 31 68,916,569-19,545 68,897,024 7,996,434 76,913,003-19,133 76,893,870 (b) 2005 12 31 (%) / 2007 2 24 27,393,37327,387,491-5,467 237,112 27,619,136 1.75-9.78 2027 10 28 3.00-4.11 2007 12 10 5,859,369 5,860,380-896 - 5,859,484 2008 5 27 2007 2 1 29,439,934 29,426,003 9,644-29,435,647 2.05-7.38 2022 5 9 2.15-6.38 2007 1 18 14,047,447 13,991,801 6,935-13,998,736 2044 12 30 76,740,123 76,665,675 10,216 237,112 76,913,003 36

( ) ( ) 24 (a) 2005 2005 1 1 12 31 143,464 2,889-146,353 (b) 2005 12 31 50,000 99,855 100.0% ( 1) 80,000 38,016 4.8% ( 2) () 8,150 8,482 0.7% ( 3) 1 518 ( 4,370 ) ( 6) 2 4,198 3,802 8,000 3,802 37

( ) ( ) 24 ( ) (b) ( ) 3 () 25 2005 1 1 4,479,972 2,311,077 952,368 839,059 8,582,476 68,304 497,243 168,437 120,215 854,199 89,578 - - - 89,578 / -42,555-135,233-747 -49,468-228,003 2005 12 31 4,595,299 2,673,087 1,120,058 909,806 9,298,250 -------------- -------------- -------------- -------------- -------------- 2005 1 1 881,333 1,190,510 459,833 494,390 3,026,066 217,710 367,054 150,659 118,405 853,828 / -13,409-134,427 - -41,042-188,878 2005 12 31 1,085,634 1,423,137 610,492 571,753 3,691,016 -------------- -------------- -------------- -------------- -------------- 2005 12 31 3,509,665 1,249,950 509,566 338,053 5,607,234 38

( ) ( ) 25 ( ) 2004 1 1 3,910,964 1,863,252 899,878 940,423 7,614,517 300,109 520,066 187,789 132,388 1,140,352 307,664-753 - 308,417 / -38,765-72,241-136,052-233,752-480,810 2004 12 31 4,479,972 2,311,077 952,368 839,059 8,582,476 -------------- -------------- -------------- -------------- -------------- 2004 1 1 699,026 969,037 458,030 560,239 2,686,332 192,928 281,739 136,064 120,627 731,358 / -10,621-60,266-134,261-186,476-391,624 2004 12 31 881,333 1,190,510 459,833 494,390 3,026,066 -------------- -------------- -------------- -------------- -------------- 2004 12 31 3,598,639 1,120,567 492,535 344,669 5,556,410 12.2 ( 12.8 ) ) ( ( ) 39

( ) ( ) 26 2005 2005 1 1 12 31 809,446 401,823-89,578-646 1,121,045 27 2005 2005 1 1 12 31 158,512 67,108 5,993-702 -16,977 55,422 37,855 24,137 12,106-3,724-4,148 28,371 196,367 91,245 18,099-4,426-21,125 83,793 28 2005 2004 1,450,835 1,797,657-871,233-1,120,000 579,602 677,657 40

( ) ( ) 29 2005 2004 2,292,000 1,884,000-86,000 2,292,000 1,970,000 (a) (i) (ii) (b) ( [2001] 69 ) 41

( ) ( ) 30 2005 2004 193,584,704 173,371,775 98,978,646 74,271,214 362,963 332,919 127,489 235,422 293,053,802 248,211,330 31 2005 2004 117,916,678 96,493,501 93,849,485 70,476,573 11,744,503 5,832,808 583,089 651,119 224,093,755 173,454,001 32 33 2005 2004 107,931 2,831,718 42

( ) ( ) 34 2005 2004 8,589,084 4,203,388 30,745,633 20,616,562 338,788 233,208 39,673,505 25,053,158 35 2005 2004 80,702 1,300,000 343,517 206,311 424,219 1,506,311 36 2005 2004 2,062,400 2,719,020 683,520 866,101 2,745,920 3,585,121 296,010 20,000 3,041,930 3,605,121 43

( ) ( ) 37 2005 2004 1 2,491,180 1,867,293 1 2 118,749 66,115 2 3 47,096 43,940 3 48,085 34,689 2,705,110 2,012,037 38 2005 2004 48,204,428 34,251,351 3,146,431 2,745,770 3,458,529 3,780,309 5,118,937 4,294,272 1,477,172 1,130,033 61,405,497 46,201,735 39 2005 2004 2,714,702 2,095,000 425,160 307,329 28,623 31,873 4,638 3,588 751 320 116,537 27,567 3,290,411 2,465,677 44

( ) ( ) 40 (a) 2005 2004 1 2,922,457 2,638,043 1 2 52,629 119,582 2 3 12,194 4,080 3 8,037 6,518 2,995,317 2,768,223 (b) 2005 2004 183,970 166,798 330,556 356,489 583,375 574,862 365,160 281,843 57,194 63,833 297,631 386,555 108,579 60,356 105,897 49,546 28,001 26,077 26,541 23,428 46,328 6,495 85,875 74,684 776,210 697,257 2,995,317 2,768,223 45

( ) ( ) 41 (a) 1.5 LIBOR+0.35% (b) 65 5 1.0% 1.375% 1.75% 2.125% 2.5% 9.34 / 6% ( ) 10 5 ( 42(h)) 9.34 / 6.23 / 6 A 20 125% 103% A 20 75% 108.5% ( ) 46

( ) ( ) 41 ( ) (c) (%) 61 2004 3 31 4.59-5.1 3,500,000 2004 6 10 35 (2004) 36 35 (d) (%) 36 2005 10 13 2.13% 5,000,000 2005 10 26 60 2005 10 13 2.56% 5,000,000 2005 10 26 150 (2005) 252 (2005) 75 150 100 47

( ) ( ) 42 2005 1 1 6,848,182 6,848,182 3,424,122 3,424,122 102,040 102,040 2005 12 31 10,374,344 10,374,344 2004 1 1 5,706,818 5,706,818 1,141,364 1,141,364 2004 12 31 6,848,182 6,848,182 2005 2004 7,572,272 5,048,182 2,802,072 1,800,000 10,374,344 6,848,182 (a) (1986) 175 (1987) 86 1 1 (b) (1989) 12 4 4 2.85 1.15 (1988) 51 (1991) 29 48

( ) ( ) 42 ( ) (c) (1993) 73 (1994) 90 132 133 600,727,212 600,727,212 522,000,000 1,122,727,212 1 1,122,727,212 (1994) 413 (d) [1996] 93 156 16.84 11.23 28.07 2,806,818,030 (1996) 027 054 (e) [1998] 173 2,806,818,030 4,206,818,030 5 [1999] 42 9 1 3.5 (1999) 13 (f) [2002] 33 7.30 (A ) 15 1 109.5 5,706,818,030 (2002) 6 (g) 10 2 ( ) 6,848,181,636 (2004) 59 49

( ) ( ) 42 ( ) (h) 10 5 3,424,122,708 ( 3,424,090,818 31,890 ) ( ) 10,272,304,344 3,424,090,818 10,272,272,454 (2005) 20 (i) 102,039,470 10,374,343,814 43 2005 2004 1 1 8,128,383 9,269,295 ( 42) -3,424,122-1,141,364 548,518 - -38,045 452 12 31 5,214,734 8,128,383 50

( ) ( ) 44 2005 1 1 1,591,086 655,073 - -67,276 786,076 393,038 2005 12 31 2,377,162 980,835 2004 1 1 962,268 471,155 - -130,491 628,818 314,409 2004 12 31 1,591,086 655,073 45 2005 2004 17,109,667 13,552,724 2,948,842 2,854,073 491,002 231,009 219,624 113,934 44,867 29,822 20,814,002 16,781,562 46 2005 2004 835,736 745,663 190,689 67,284 811,686 730,955 1,838,111 1,543,902 51

( ) ( ) 47 2005 2004 7,557,808 5,116,384 405,840 145,468 7,963,648 5,261,852 48 2005 2004 4 19,475 411,586 913,366 664,467 560,542 1,076,057 1,493,383 49 2005 2004 474,166 162,868 2,897,563 2,380,242 15,769 35,248 3,387,498 2,578,358 50 2005 2004 1,113,558 894,277 67,450 53,220 37,801 29,067 1,218,809 976,564 52

( ) ( ) 51 2005 2004 3,330,990 2,655,889 61,851-14,798-54 317,335 3,392,787 2,958,426 52 2005 2004 3,025,154 2,321,135-322,000-453,000 2,703,154 1,868,135 2005 2004 6,633,537 5,012,222 33% 2,189,067 1,654,033 826,313 497,859-236,911-286,726 ( ) -163,658-28,298 88,343 31,267 2,703,154 1,868,135 5(d) 53

( ) ( ) 53 9 ( [2001] 11 ) (a) 2005 2004 ( ) ( ) 3,930,383 3,144,087 () 10,374,344 10,272,273 () 0.38 0.31 () 10,283,117 10,272,273 () 0.38 0.31 2004 (b) 2005 2004 ( ) 3,930,383 3,144,087 ( ) 24,670,546 20,880,950 15.93% 15.06% ( ) 22,448,916 19,527,216 17.51% 16.10% 54

( ) ( ) 54 ( [2004] 18 ) 2005 2004 38,512,541 35,245,650 23,767,416 20,096,650 423,312,444 369,130,931 9.10% 9.55% 5.61% 5.44% 55 (a) (i) 8-2 17.78% 5,000 100% 55

( ) ( ) 55 ( ) (a) ( ) (i) ( ) ( ) (1) 17.78% ( ) 2005 2004 800,000,000 800,000,000 200,000,000 200,000,000 50,000,000 50,000,000 ( ) (%) ( ) (%) 2005 1 1 1,229,581,331 17.95 50,000,000 100.00 614,790,666 - - - 2005 12 31 1,844,371,997 17.78 50,000,000 100.00 56

( ) ( ) 55 ( ) (a) ( ) (ii) () 884,419,548 8.53% () 585,253,656 5.64% 327,722,400 3.16% 259,381,962 2.50% 212,529,414 2.05% () 201,855,701 1.95% 200,453,514 1.93% 182,141,550 1.76% 182,141,550 1.76% 182,141,550 1.76% () 182,141,550 1.76% (iii) 32 (iv) 19 57

( ) ( ) 55 ( ) (b) (i) 2005 2004 (%) (%) 26,000 0.01 267,000 0.07 26,000 0.01 267,000 0.07 -------------- --------- -------------- --------- () - - 1,655,300 0.44 () 100,000 0.02 100,000 0.03 4,289,048 0.91 4,784,160 1.28 4,389,048 0.93 6,539,460 1.75 -------------- --------- -------------- --------- ( ) 755,792 0.16 119,434 0.03 -------------- --------- -------------- --------- 458,404 0.10 652,208 0.17 -------------- --------- -------------- --------- 5,629,244 1.20 7,578,102 2.02 5% 5% 1.26 ( 20.22 ) 58

( ) ( ) 55 ( ) (b) ( ) (ii) 2005 2004 (%) (%) - - - - (iii) 2005 2004 (%) (%) 155 0.00 10 0.00 8,055 0.00 147 0.00 8,210 0.00 157 0.00 -------------- --------- -------------- --------- () 146,141 0.02 17,805 0.00 () 82,935 0.01 726 0.00 2,581,543 0.41 2,820,527 0.55 2,810,619 0.44 2,839,058 0.55 -------------- --------- -------------- --------- ( ) 658,324 0.10 443,237 0.09 -------------- --------- -------------- --------- 445,199 0.07 173,246 0.03 -------------- --------- -------------- --------- 3,922,352 0.61 3,455,698 0.67 59

( ) ( ) 55 ( ) (b) ( ) (iv) 2005 2004 (%) (%) - 0.00 277,575 1.11-0.00 854,813 3.41 337,017 0.85 375,180 1.50 337,017 0.85 1,507,568 6.02 (v) 5.4 18.1 6.8 ( 3.4 18.2 4.3 ) 5% (vi) 60

( ) ( ) 56 (a) ( ) 2005 2004 145,287,340 120,718,119 192,616,713 132,641,698 49,085,050 45,130,537 82,655,961 73,816,233 2,539,940 1,710,471 472,185,004 374,017,058-13,510,329-10,920,000 458,674,675 363,097,058 61

( ) ( ) 56 ( ) (b) ( ) 2005 2004 66,154,531 59,967,254 75,734,843 61,620,737 44,819,783 39,291,832 11,305,012 8,702,740 198,014,169 169,582,563 ------------------ ------------------ 33,965,535 32,081,109 20,089,332 17,970,662 16,604,020 15,024,317 7,512,747 9,647,739 2,622,395 3,524,966 80,794,029 78,248,793 ------------------ ------------------ 19,814,154 10,538,422 ------------------ ------------------ 298,622,352 258,369,778 74,035,733 54,761,690 372,658,085 313,131,468 99,526,919 60,885,590 472,185,004 374,017,058-13,510,329-10,920,000 458,674,675 363,097,058 62

( ) ( ) 56 ( ) (c) ( ) 2005 2004 207,412,140 160,490,459 189,717,163 150,537,242 77,352,360 68,957,867 154,110,061 129,095,602 5,811,828 3,505,024 634,403,552 512,586,194 57 2005 2004 28,488,598 16,191,254 28,488,598 16,191,254 63

( ) ( ) 58 (a) 2005 2004 123,524,968 86,716,069 8,391,350 6,219,926 26,300,127 18,053,974 13,957,298 12,326,025 8,478,228 8,731,765 23,064,111 10,276,001 21,869 16,001 203,737,951 142,339,761 / 197 ( 92 ) (b) 2005 2004 1 758,214 594,561 1 2 524,686 612,952 2 3 544,545 667,125 3 3,303,814 3,195,652 5,131,259 5,070,290 64

( ) ( ) 58 ( ) (c) 2005 2004 1 539,107 408,879 1 2 478,969 431,670 2 3 390,035 381,578 3 942,607 1,024,151 2,350,718 2,246,278 (d) 2005 2004 466,722 170,306 (e) 2.5 ( 1.3 ) 65

( ) ( ) 59 66

( ) ( ) 60 61 67

( ) ( ) 61 ( ) 2004 10 29 2004 1 1 2005 12 31 2004 10 28 5.22% 5.58% 5.04% 5.31% 5.76% 6.12% 5.49% 5.76% 6.79% 9.18% 7.56% 0.72% 0.72% 1.71% 3.60% 1.71% 2.79% (1 7 ) 1.08% 1.62% 1.08% 1.62% 1.44% 1.44% ( ) 0.99% 1.89% 1.62% 1.89% 3.24% 3.24% 1.62% 0.99% ( 30%) 10% ( ) 68

( ) ( ) 62 69

62 ( ) ( ) ( ) 2005 2005 12 31 ( ) ( ) ( ) ( ) ( ) 3,016 40 197 358 3,899 73,322 528 610 2,456 80,678 430,037 3,065 2,858 931 458,675 6,143 714 7,534 2,967 22,709 109,919 2,239 2,901 460 131,467 24,274 - - - 24,274 11,399 41 536-7 12,281 658,110 6,627 14,636 7,165 733,983 ------------------- ------------------- ------------------- ------------------- -------------------- 570,621 5,521 11,481 7,277 634,404 108 - - - 108 35,274 484 452 28 39,673-53 - - 424 2,905 17 - - 3,042-150 - - 1,211 5,864 - - - 5,864 3,500 - - - 3,500 10,000 - - - 10,000 7,594 81 2,908-187 11,086 635,866 ------------------- 6,306 ------------------- 14,841 ------------------- 7,118 ------------------- 709,312 -------------------- 22,244 321-205 47 24,671 111,825 3,521 1,823 2,911 145,054-89,581-3,200-2,028-2,864-120,383 ( ) 70

( ) ( ) 63 75% 7.5% 3% 3,260 71% 2005 2005 12 31 / 3 3 1 1 5 5 ( ) ( ) ( ) ( ) ( ) ( ) ( ) 3,899 - - - - - 3,899 72,717 915 7,046 - - - 80,678-121,985 204,031 67,524 61,538 3,597 458,675-19,370 1,873 1,320 146-22,709 1,212 15,044 34,677 56,973 23,561-131,467-21,836 2,278 160 - - 24,274 744 800 902 4,199 5,616 20 12,281 78,572 179,950 250,807 130,176 90,861 3,617 733,983 -------------- -------------- -------------- -------------- -------------- -------------- -------------- 71

( ) ( ) 63 ( ) / 3 3 1 1 5 5 ( ) ( ) ( ) ( ) ( ) ( ) ( ) 387,152 89,840 129,347 27,104 961-634,404-68 40 - - - 108 23,336 4,581 2,214 9,142 400-39,673-263 - 161 - - 424-2,608 296 138 - - 3,042 - - - 1,211 - - 1,211 - - - 5,864 - - 5,864 - - 3,500 - - 3,500 - - - 10,000 - - 10,000 8,791 1,293 705 268 29-11,086 419,279 98,653 132,602 57,388 1,390-709,312 -------------- -------------- -------------- -------------- -------------- -------------- -------------- ( ) - 62,117 39,913 41,395 1,629-145,054 -------------- -------------- -------------- -------------- -------------- -------------- -------------- -340,707 19,180 78,292 31,393 87,842 3,617-120,383 ( ) 72

( ) ( ) 64 2005 10,422,079 39,297-50,624 2,825,983 1,091-686 3,845,012 38,733-34,565 1,069,834 7,137 - - - - 18,162,908 86,258-85,875 73

( ) ( ) 64 ( ) 2004 7,391,658 41,478-51,064 1,917,155 4,450-2,720 388,428 8,870-8,811 2,001,270 10,365-12,089 248,295 288-11,946,806 65,451-74,684 65 74

( ) ( ) 66 1 (2004 ) 2005 2004 59,192 54,697 3,892 9,266-4,931-19,438 18,657 77,591 82,620 67 10 0.8589 10 1.7374 10 6 18 5.65 13 24 36 12 8.48 75

( ) ( ) 67 ( ) ( ) G ( 600036) ( 110036) CMP1 ( 580997) 6,451,552,000 G 1,035,561,132 48,448,000 0.75% 12,279,063,413 7,573,629,579 4,705,433,834 H H (H ) 22 15% H 15% H 144A (POWL) 58(e) 76

( ) ( ) 68 77

( ) ( ) 69 2005 2004 ( ) 3,748,794 25,997,468 3,276,182 21,958,287-34,215-639,746-109,280-136,722 177,759-687,176-22,815-940,615 38,045 - - - 3,930,383 24,670,546 3,144,087 20,880,950 78

( ) ( ) 1

( ) 2005 2004 ( ) 4 26,033,870 21,231,926 5 (9,235,061) (6,787,995) 16,798,809 14,443,931 ------------------ ------------------ 1,855,993 1,186,786 (288,945) (298,100) 1,567,048 888,686 ------------------ ------------------ 6 847,835 343,296 ------------------ ------------------ 19,213,692 15,675,913 7 (9,115,233) (7,431,236) 10,098,459 8,244,677 8 (3,636,380) (3,066,408) 6,462,079 5,178,269 9 (2,713,285) (1,902,087) 3,748,794 3,276,182 ( ) 10 0.36 0.32 0.36 0.32 8 72 2

( ) 2005 2004 ( ) 11(a) 22,490,724 15,371,871 12 62,101,886 54,986,875 13(a) 46,982,685 28,819,526 14 458,674,675 363,097,058 15 131,901,888 112,644,613 16 6,776,609 6,365,856 17 2,165,712 1,936,575 18 3,518,685 3,492,193 734,612,864 586,714,567 11(b) 39,673,505 25,053,158 13(b) 3,574,080 7,943,150 19 634,403,552 512,586,194 15(e) 85,875 74,684 20(a) 1,210,530 1,241,475 20(b) 5,184,254 5,549,960 20(d) 9,982,218-21 11,001,382 8,807,659 20(c) 3,500,000 3,500,000 708,615,396 564,756,280 ------------------ ------------------ 8 72 3

( ) ( ) 2005 2004 ( ) 23 10,374,344 6,848,182 24 6,094,899 9,046,183 25 1,591,086 962,268 26 403,492 (65,317) 3(p) 3,000,000-2,917,623 3,784,853 27 1,616,024 1,382,118 25,997,468 21,958,287 ------------------ ------------------ 734,612,864 586,714,567 8 72 4

( ) 2005 1 1 6,848,182 9,046,183 962,268 - - 3,719,536 1,382,118 21,958,287 : 38 - - - (65,317) - 65,317 - - 38 6,848,182 9,046,183 962,268 (65,317) - 3,784,853 1,382,118 21,958,287 - - - - - 3,748,794-3,748,794 2004 27(b) - - 628,818 - - - (628,818) - 2004 27(b) - - - - - - (753,300) (753,300) - - - - 3,000,000 (3,000,000) - - 23,24 3,424,122 (3,424,122) - - - - - - 102,040 472,838 - - - - - 574,878 26 - - - 109,496 - - - 109,496 26 - - - 359,313 - - - 359,313 2005 27(a) - - - - - (786,076) 786,076-2005 27(a) - - - - - (829,948) 829,948-2005 12 31 10,374,344 6,094,899 1,591,086 403,492 3,000,000 2,917,623 1,616,024 25,997,468 2004 1 1 ( ) 5,706,818 9,269,295 516,286 - - 1,860,820 971,009 18,324,228 : 38 - - - - - 29,969-29,969 38 5,706,818 9,269,295 516,286 - - 1,890,789 971,009 18,354,197 - - - - - 3,276,182-3,276,182 2003 - - 445,982 - - - (445,982) - 2003 - - - - - - (525,027) (525,027) 23,24 1,141,364 (1,141,364) - - - - - - 24-917,800 - - - - - 917,800 26 - - - (65,317) - - - (65,317) - 452 - - - - - 452 2004 27(b) - - - - - (628,818) 628,818-2004 27(b) - - - - - (753,300) 753,300-2004 12 31 6,848,182 9,046,183 962,268 (65,317) - 3,784,853 1,382,118 21,958,287 8 72 5

( ) 2005 2004 ( ) 6,462,079 5,178,269 3,574,583 2,763,871 61,851 (14,798) (54) 317,335 (243,593) (107,982) 853,828 731,358 152,430 117,989 194,519 32,760 (660,950) (255,889) (276,891) 121,563 (3,892) (9,266) (3,290,594) (2,916,469) 406,677 145,468 - (5,988,681) (8,266,752) 1,193,184 (38,641,329) 1,338,872 (59,604,670) (67,875,874) 378,251 110,240 121,817,358 105,700,339 10,251,277 (24,062,036) 1,408,873 1,648,353 34,573,001 18,168,606 ------------------ ------------------ (2,405,453) (815,795) ------------------ ------------------ 6

( ) ( ) 2005 2004 ( ) (132,114,429) (90,266,730) 113,997,443 70,886,425 3,273,927 2,800,486 - (43,703) (1,256,022) (2,002,159) 43,663 160,824 (16,055,418) (18,464,857) ------------------ ------------------ / () 16,112,130 (1,112,046) ------------------ ------------------ (18,620) (65,000) - 1,241,475-6,500,000-3,500,000 10,000,000 - (742,315) (523,144) (256,776) (133,825) 8,982,289 10,519,506 ------------------ ------------------ 25,094,419 9,407,460 95,952,162 86,549,203 (438,009) (4,501) 28 120,608,572 95,952,162 22,506,912 17,742,530 8,075,203 6,129,490 8 72 7

( ) 1 ( ) ( ) 8

( ) ( ) 2 (a) (b) 38(a) 39 38(b) (c) 9

( ) ( ) 2 ( ) (c) ( ) () ( 3(b)) 37 (d) 3 (a) 10

( ) ( ) 3 ( ) (b) (i) () 11

( ) ( ) 3 ( ) (b) ( ) (i) ( ) () (ii) ( ) (iii) 12

( ) ( ) 3 ( ) (b) ( ) (iv) (v) 13

( ) ( ) 3 ( ) (c) 20 20 5 5 (d) 14

( ) ( ) 3 ( ) (e) ( ) (f) (i) 15

( ) ( ) 3 ( ) (f) ( ) (i) ( ) () ( ) 16

( ) ( ) 3 ( ) (f) ( ) (i) ( ) ( ) () (ii) 17

( ) ( ) 3 ( ) (g) (h) (i) (ii) (iii) (i) 18

( ) ( ) 3 ( ) (j) (i) (ii) (k) 19

( ) ( ) 3 ( ) (l) (m) (i) (ii) (n) (o) (p) ( [2005] 49 ) 20

( ) ( ) 4 2005 2004 ( ) 21,057,595 16,889,544 835,736 745,663 838,154 438,059 164,221 360,180 3,138,164 2,798,480 26,033,870 21,231,926 2.60 ( 1.08 ) 5 2005 2004 7,557,808 5,116,384 4 19,475 411,586 913,366 664,467 560,542 601,196 178,228 9,235,061 6,787,995 21

( ) ( ) 6 2005 2004 ( ) 471,126 341,523 239,078 (154,303) 31,570 - ( 38) 115,739 32,740 ( 38) (109,496) - 3,892 9,266 59,192 54,697 36,734 59,373 847,835 343,296 22

( ) ( ) 7 2005 2004 ( ) 2,633,532 2,153,373 531,092 421,079 366,882 299,827 ( ) 709,671 543,066 4,241,177 3,417,345 1,218,809 976,564 853,828 731,358 693,408 574,933 488,713 410,476 297,241 232,713 242,855 191,243 214,122 202,845 114,631 91,182 105,487 28,429 644,962 574,148 9,115,233 7,431,236 22(d) 8 2005 2004 ( 14(c)) 3,574,583 2,763,871 / () 61,851 (14,798) () / (54) 317,335 3,636,380 3,066,408 23

( ) ( ) 9 (a) 2005 2004 ( ) 3,025,154 2,321,135 (311,869) (419,048) 2,713,285 1,902,087 (b) 33% ( 33%) 2005 2004 ( ) 6,462,079 5,178,269 33% (2004 33%) 2,132,486 1,708,829 / () 861,198 502,448 (236,911) (286,726) ( ) (132,806) (58,186) 89,318 35,722 2,713,285 1,902,087 15% ( 15%) 24

( ) ( ) 10 10 5 34.24 1.02 68.48 103.74 (a) 2005 2004 ( ) ( ) 3,748,794 3,276,182 () 10,283,117 10,272,273 () 0.36 0.32 (b) 2005 2004 ( ) ( ) 3,748,794 3,276,182 ( ) 282,259 46,941 ( ) 4,031,053 3,323,123 () 11,305,358 10,446,255 0.36 0.32 25

( ) ( ) 11 2005 2004 (a) 3,914,422 3,942,056 18,576,302 11,429,815 22,490,724 15,371,871 (b) 8,927,872 4,436,597 30,745,633 20,616,561 39,673,505 25,053,158 12 391 ( 317 ) 7.5% 3% ( 7.5% 2%) 26

( ) ( ) 13 2005 2004 (a) 22,708,285 15,797,310 ------------------ ------------------ 14,153,250 7,423,086 10,121,150 5,599,130 24,274,400 13,022,216 ------------------ ------------------ 46,982,685 28,819,526 (b) 424,219 1,506,311 3,041,930 3,605,121 107,931 2,831,718 3,574,080 7,943,150 27

( ) ( ) 14 (a) 2005 2004 99,526,919 60,885,590 298,622,352 258,369,778 74,035,733 54,761,690 472,185,004 374,017,058 (13,510,329) (10,920,000) 458,674,675 363,097,058 (b) (i) 2005 2004 111,778,612 98,632,461 48,576,253 41,666,220 47,618,780 47,369,690 43,803,161 28,047,809 251,776,806 215,716,180 43,418,409 37,243,524 295,195,215 252,959,704 3,427,137 5,410,074 74,035,733 54,761,690 372,658,085 313,131,468 99,526,919 60,885,590 472,185,004 374,017,058 28

( ) ( ) 14 ( ) (b) ( ) (ii) 2005 2004 66,154,531 59,967,254 75,734,843 61,620,737 44,819,783 39,291,832 11,305,012 8,702,740 198,014,169 169,582,563 ------------------ ------------------ 33,965,535 32,081,109 20,089,332 17,970,662 16,604,020 15,024,317 7,512,747 9,647,739 2,622,395 3,524,966 80,794,029 78,248,793 ------------------ ------------------ 19,814,154 10,538,422 ------------------ ------------------ 298,622,352 258,369,778 74,035,733 54,761,690 372,658,085 313,131,468 99,526,919 60,885,590 472,185,004 374,017,058 29

( ) ( ) 14 ( ) (c) 2005 2004 10,920,000 8,520,000 4,031,158 3,098,212 (456,575) (334,341) (243,593) (107,982) 83,959 45,998 (744,909) (302,845) (1,658) - (78,053) 958 13,510,329 10,920,000 15 2005 2004 ( ) ( 15(a)) 15,869,081 5,606,663 ( 15(b)) 60,085,588 37,682,865 ( 15(c)) 48,710,752 58,180,010 ( 15(d)) 7,236,467 11,175,075 131,901,888 112,644,613 30

( ) ( ) 15 ( ) (a) 2005 2004 (i) / 274,564-5,080,835-3,506,860-1,002,956-30,025-141,191-2,384-10,038,815 - ------------------ ------------------ 86,258 65,451 ------------------ ------------------ (ii) 10,125,073 65,451 ------------------ ------------------ 2005 2004 ( ) / 5,248,275 5,065,814 495,733 475,398 5,744,008 5,541,212 ------------------ ------------------ 15,869,081 5,606,663 31

( ) ( ) 15 ( ) (b) 2005 2004 ( ) / 7,891,350 12,939,891 20,611,825 8,040,297 9,750,596 8,582,130 6,804,160 - - 631,801 4,901,132 6,057,350 1,210,530 1,348,824 51,169,593 37,600,293 ------------------ ------------------ / 6,889,508-1,102 1,102 38,016 72,800 1,978,887-8,482 8,670 8,915,995 82,572 ------------------ ------------------ 60,085,588 37,682,865 32

( ) ( ) 15 ( ) (c) 2005 2004 ( ) / 15,321,449 18,232,289 1,136,901 12,579,276 23,532,266 21,533,457 1,933,605 639,664-170,645 6,786,531 5,024,679 48,710,752 58,180,010 48,996,624 57,737,540 (d) 2005 2004 ( ) / ( (i)) 5,387,749 7,098,610 1,848,718 4,076,465 7,236,467 11,175,075 / 33

( ) ( ) 15 ( ) (d) ( ) i 2005 2004 16,992,000 16,755,000 (11,604,251) (9,656,390) 5,387,749 7,098,610 (e) 2005 2004 85,875 74,684 34

( ) ( ) 16 2005 ( 16(b)) ( 16(c)) 2005 1 1 4,160,003 296,518 809,446 2,311,077 952,368 839,059 9,368,471 68,304-401,823 497,243 168,437 120,215 1,256,022 / () (100,163) 261,522 (89,578) - - - 71,781 / (42,555) - (646) (135,233) (747) (49,468) (228,649) 2005 12 31 4,085,589 558,040 1,121,045 2,673,087 1,120,058 909,806 10,467,625 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 2005 1 1 835,381 22,501-1,190,510 459,833 494,390 3,002,615 183,880 33,830-367,054 150,659 118,405 853,828 / () (19,936) 43,387 - - - - 23,451 / (13,409) - - (134,427) - (41,042) (188,878) 2005 12 31 985,916 99,718-1,423,137 610,492 571,753 3,691,016 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 2005 12 31 3,099,673 458,322 1,121,045 1,249,950 509,566 338,053 6,776,609 2004 2004 1 1 3,590,995 296,518 318,428 1,863,252 899,878 940,423 7,909,494 300,109-861,807 520,066 187,789 132,388 2,002,159 / () 307,664 - (308,417) - 753 - - / (38,765) - (62,372) (72,241) (136,052) (233,752) (543,182) 2004 12 31 4,160,003 296,518 809,446 2,311,077 952,368 839,059 9,368,471 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 2004 1 1 668,593 6,982-969,037 458,030 560,239 2,662,881 177,409 15,519-281,739 136,064 120,627 731,358 / (10,621) - - (60,266) (134,261) (186,476) (391,624) 2004 12 31 835,381 22,501-1,190,510 459,833 494,390 3,002,615 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 2004 12 31 3,324,622 274,017 809,446 1,120,567 492,535 344,669 6,365,856 35

( ) ( ) 16 ( ) (a) 12.2 ( 12.8 ) (b) 0.70 0.74 ( 0.72 ) (c) 3.87 865 ( ) (d) 36

( ) ( ) 17 (a) 2005 2004 ( ) 2,292,000 1,884,000-86,000 (71,205) 11,527 (55,083) (44,952) 2,165,712 1,936,575 (b) 2005 1 1 1,884,000 86,000 11,527 (44,952) 1,936,575 525,000 - - (10,131) 514,869 (47,000) (86,000) - - (133,000) - - (82,732) - (82,732) (70,000) - - - (70,000) 2005 12 31 2,292,000 - (71,205) (55,083) 2,165,712 2004 1 1 1,346,000 171,000 - (11,000) 1,506,000 635,000 - - (33,952) 601,048 (65,000) (85,000) - - (150,000) - - 11,527-11,527 (32,000) - - - (32,000) 2004 12 31 1,884,000 86,000 11,527 (44,952) 1,936,575 37

( ) ( ) 18 2005 2004 ( ) 1,496,763 1,480,096 704,936 568,468 62,681 62,689 2,264,380 2,111,253 184,681 187,508 579,602 677,657 5,996 24,859 88,885 70,172 39,219 38,913 5,810 8,032 350,112 373,799 3,518,685 3,492,193 19 (a) 2005 2004 370,123,081 308,278,661 255,928,253 197,888,127 8,352,218 6,419,406 634,403,552 512,586,194 38

( ) ( ) 19 ( ) (b) 2005 2004 193,584,704 173,372,028 117,916,678 96,493,501 234,941,986 174,517,312 61,496,883 46,274,576 ( ) 13,367,005 9,806,673 8,224,729 6,183,983 2,185,799 2,950,145 2,195,316 2,419,887 490,452 568,089 634,403,552 512,586,194 20 (a) 1.5 LIBOR+0.35% 39

( ) ( ) 20 ( ) (b) 65 5 1.0% 1.375% 1.75% 2.125% 2.5% 9.34 / 6% ( ) 10 5 ( 24) 9.34 / 6.23 / A 125% 103% A 75% 108.5% ( ) 2005 2004 6,500,000 6,500,000 (65,000) (65,000) (917,800) (917,800) 5,517,200 5,517,200 227,279 32,760 (560,225) - 12 31 5,184,254 5,549,960 40

( ) ( ) 20 ( ) (c) (%) 61 2004 3 31 4.59 5.1 3,500,000 2004 6 10 35 (2004) 36 35 (d) (%) 36 2005 10 13 2.13% 5,000,000 2005 10 26 60 2005 10 13 2.56% 5,000,000 2005 10 26 150 (2005) 252 (2005) 75 150 100 41

( ) ( ) 21 2005 2004 ( ) 2,705,110 2,012,037 183,970 166,798 3,290,411 2,465,677 1,180,598 949,031 330,556 356,489 ( 22(a)) 821,317 606,858 583,375 574,862 365,160 281,843 297,631 386,555 57,194 63,833 108,579 60,356 72,454 56,950 105,897 49,546 28,001 26,077 26,541 23,428 46,328 6,495 21,515 10,530 776,745 710,294 11,001,382 8,807,659 42

( ) ( ) 22 (a) 2005 2004 606,858 440,641 498,882 400,421 (284,423) (234,204) 821,317 606,858 14%) 14% ( (b) 8% 35% ( 8% 24%) 1.36 ( 1.01 ) 5 (c) 43

( ) ( ) 22 ( ) (d) 23 2005 1 1 6,848,182 6,848,182 6,848,182 6,848,182 3,424,122 3,424,122 3,424,122 3,424,122 102,040 102,040 102,040 102,040 2005 12 31 10,374,344 10,374,344 10,374,344 10,374,344 2004 1 1 5,706,818 5,706,818 5,706,818 5,706,818 1,141,364 1,141,364 1,141,364 1,141,364 2004 12 31 6,848,182 6,848,182 6,848,182 6,848,182 2005 2004 7,572,272 5,048,182 2,802,072 1,800,000 10,374,344 6,848,182 44

( ) ( ) 23 ( ) 1 42.07 7.30 (A ) 15 1 107.69 57.07 10 2 68.48 10 5 34.24 1.02 68.48 103.74 24 10 2 11.41 65 5 9.18 10 5 34.24 45

( ) ( ) 25 10% 50% 5% 10% 26 ( 3(b)) 27 (a) 393,038 393,038 ( 10 0.8 ) 829,948 1,616,024 46

( ) ( ) 27 ( ) (b) 314,409 314,409 ( 10 1.10 ) 753,300 1,382,118 10 5 28 2005 2004 3,914,422 3,942,056 10,481,370 9,147,081 62,101,886 54,986,875 38,399,475 22,629,019 : 269,806-5,233,585 2,323,421 208,028 2,923,710 120,608,572 95,952,162 47

( ) ( ) 29 16% ( 15%) 31 48

( ) ( ) 29 ( ) 2005 % % % % % % 9,573,149 33 9,939,582 35 3,124,001 11 5,857,016 20 243,950 1 28,737,698 100 458,996 37 430,678 34 217,129 17 149,054 12 165-1,256,022 100 164,978,415 22 407,999,464 56 56,695,620 8 98,437,760 13 6,501,605 1 734,612,864 100 145,287,340 31 192,616,713 41 49,085,050 10 82,655,961 17 2,539,940 1 472,185,004 100 207,412,140 33 189,717,163 30 77,352,360 12 154,110,061 24 5,811,828 1 634,403,552 100 49

( ) ( ) 29 ( ) 2004 % % % % % % ( ) 7,372,467 32 7,644,546 34 2,722,517 12 4,944,792 22 77,686-22,762,008 100 482,263 24 875,818 44 216,198 11 426,633 21 1,247-2,002,159 100 134,811,358 23 312,542,650 53 49,443,415 8 85,022,843 15 4,894,301 1 586,714,567 100 120,718,119 32 132,641,698 36 45,130,537 12 73,816,233 20 1,710,471-374,017,058 100 160,490,459 31 150,537,242 29 68,957,867 14 129,095,602 25 3,505,024 1 512,586,194 100 50

( ) ( ) 30 2005 2004 28,488,598 16,191,254 28,488,598 16,191,254 31 (a) (b) 5% 51

( ) ( ) 31 ( ) (b) ( ) (i) 2005 2004 781,792 386,434 - - 666,534 443,394-854,813 2005 2004 53,488 36,444 3,837 35,891 (ii) 5% 2005 2004 100,000 1,755,300 229,076 18,531 2005 2004 22,498 47,975 2,072 2,962 52