1

1 2 3 4 1 Jiamusi Jindi Paper Co.,Ltd. 2 3 306 0454-8377217 0454-8375080 jdgfgs@163.com 306 0454-8375070 0454-8375080 jdgfgs@163.com 4 306 154005 2

http://www.jdgfgs.com jdgfgs@163.com 5 http://www.cninfo.com.cn 6 ST 000699 7 1994 1 28 2300001100173 230805129733731 88 422 ( ) -40574923.64-40574923.64-64861826.83 11138467.63-3951084.41-70861826.83 3

30339104.76 8759607.90-770081.73-52201.57 24339104.76 24286903.19 2004 2003 2002 248195228.07 193259264.64 28.43 346452738.91-40574923.64-197717564.75 79.48 16881488.25-40574923.64-197717564.75 79.48 5259835.46-64861826.83-55231396.51-17.44-101929.12 (%) 2004 2003 2002 (%) 1547670031 1359631966.33 13.83 1512731218.95 219982017.82 257408237.72-14.54 450844316.67 8759607.90 10752511.89-18.53 26533201.34-0.178-0.8693 0.023 (%) -18.44-77.38 1.17-29.49-21.61-0.022 4

(%) 0.0385 0.0473-1.86 0.1233 2004 2003 2002 (%) 0.9672 1.1235-13.91 1.9822-0.6122-0.4090 0.8706 9 % 5.06 4.65 0.049 0.049-32.21-29.56-0.312-0.312-18.44-16.92-0.178-0.178-29.49-27.05-0.285-0.285 ( ) 227448000 234866108.67 31279149.54 15639574.77-236185020.49 257408237.72 3148703.74 3148703.74 40574923.64-40574923.64 227448000 238014812.41 31279149.54 15639574.77-276759944.13 219982017.82 5

1. + - 1 48818931 48818931 2 85029069 85029069 31560 1560 4 1 93598440 93598440 2 3 4 93598440 93598440 227448000 227448000 2. 2004 12 31 227448000 48818931 21.46% 93598440 41.15% 1. 18495 723 2. 6

( ) (%) ( ) ) ( ) 0 57160827 25.13 +28603048 33023048 14.52-28603048 20000000 8.79 0 2700000 1.19 0 2600000 1.14 0 1916125 0.84 0 1778500 0.78 0 1690000 0.74 ( ) 0 1300000 0.57 0 1300000 0.57 9 2-10 3. 1994 4 30 46188 51% 7

5099.949 51% 51% ( ) 25.13% 4. 10% 29 1999 4 19 29 B 8

100 5. 10 ( ) 385000 A 350000 A 346150 A 342900 A 332620 A 304891 A 304470 A 302700 A 251100 A 244300 A 10 10 1 50 2002.11-2005.11 0 0 0 47 2002.11-2005.11 1560 1560 0 43 2004.12-2005.11 0 0 0 55 2003.6-2005.11 0 0 0 9

42 34 2003.6-2005.11 0 0 0 2003.6-2005.11 0 0 0 37 2003.12-2005.11 35 2005.3-2005.11 31 2003.6-2005.11 41 2003.6-2005.11 36 2003.10-2005.11 36 2004.12-2005.11 48 2002.6-2005.11 34 2002.11-2005.11 49 2002.11-2005.11 50 2002.11-2005.11 43 2002.11-2005.11 29 2004.12-2005.11 46 2004.5-2005.11 44 2005.3-2005.11 31 2004.10-2005.11 42 2004.10-2005.11 31 2002.11-2005.11 44 2003.7-2005.11 42 2002.11-2005.11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10

1968 11 1989 1999 1999 2002 2002 11 1990 7 ( ) 1993 9 " " 1997 7 1999 9 2000 4 " 1999 10 2000 4 2001 9 11

(21) 12

2004 10 (22) (23) (24) (25) 2 1. 2. 3. 4. 5. 6. 7. 8. 13

1 2 3 55( ) 17 15.8 12 2023 0 1 1634 14

66 115 23 78 127 41 196 1271 515 1. 2. 3. 15

4. 5. 6. 7. 1 ( ) ( ) ( ) 6 3 3 0 6 0 2 4 6 3 2 1 6 3 2 1 6 0 1 5 2 16

1. ( ) 2. 3. 4. 5. 2004 1 2004 5 29 2003 2004 6 29 309 17

4 77162647 33.93% 2003 2003 2003 2003 2003 2004 6 30 1 2004 1 2 2004 2004 2 9 7 109,370,555 48% 2004 2 10 2004 18

2 2004 11 26 2004 2004 12 26 2 77160827 33.92% 2004 12 28 2004 2004 2 9 2004 12 26 2004 2004 10 25 2004 12 24 19

1 7.17 50.94% 5.93 67.51% 2 24820 28.43% 1113.85-22.17% -4057 79.48% 1 2004 24820 24800 99.9% 98% 1114 1094 2004 24800 926 3.73% 2542 10.24% 14926 60.18% 24 0.10% ( ) 6382 25.75% 1114 24 2.15% 57 5.12% 616 55.30% 5 0.45% ( ) 412 36.98% 2004 20

% % 14033286.79 5.7 4.26 234161941.28 94.3 30.23 24820 23469 5.44% 9257912.00 8956553.00 3.25% 80% 25428749.00 24695897.00 2.88% 80% 149263447.00 141446523.00 5.24% 80% 232200.00 166066.00 22.48% 1% 2 2002 11 3580 90% 10% 2004 4 18 2004 6 26 2003 2002 11 99.39% 2888 2004 4 18 2004 6 26 2003 2002 11 21

2780 99% 2003 4 18 2004 6 26 2003 2004 12 26 2004 85% 50 / 3 186383554.35 74.98% 243647297.30 98.16% 4 1. 2. % 1547670031 1359631966.33 188038064.67 13.83 22

11138467.63 14311965.21-3173497.58-22.17-40574923.64-195836078.95 155261155.31 79.28-770081.73 1192589.24-19626670.97 219982017.82 257408237.72-37426219.90-14.54 2004 2003 2003 1 1993 6 8.5 67638 1993 6 67638 2004 2 23

2004 12 31 38,864 3740 57,238 [2001]39 39,100 [2001]236 2005 3 18 2004 12 31 96,102 57,238 38,864 1,050 3 1997 3 96 57238 2003 38864 57238 96102 2001 57238 24

38864 19740 4 67638.47 5 2004 2003 12 31 38864 1050 2005 1. 2. 1# 3. 25

4. 5. 1. 1) 2004 4 18 13 11 2003 2003 2003 2003 2003 2) 2004 2004 4 28 13 11 2004 3) 2004 5 28 13 8 2003 4) 2004 8 14 13 8 2004 5) 2004 10 27 26

13 9 2004 6) 2004 11 21 13 8 2. 2004 2004-40574923.64-236185020.49 2004-276759944.13 2004 2004 [2003]56 [2003]56 ( ) 27

2003 56 2003 56 1. 2004 12 2. 3. 2003 56 2003 56 1 2004 4 18 5 4 2003 2003 2 2004 10 25 5 3 2005 02207 28

2004 6 21 3517596.83 208 1437596.83 2004 6 25 3.15 2004 8 19 12 2004 7 23 508 2004 2 1000 2003 12 20 (2002) 22 2004 2 12 1 ( ) 2004 11 20 29

90% 8008 (2004)125 (2004) 1-156 2004 11 25 2 ( ) 2004 11 20 85% 7377 (2004)124 2004 11 25 1 3000 2004 11 1 2004 12 31 ( ) 2004 11 1-12 31 2898 3650 10579806 410 5008 2053454 12633260 2 ( ) ( ) 3 2005 30

4 ( ) 2004 6 9 2004 6 8 2005 6 8 ( 2005 4 12 ) 5% 2004 4 18 2004 6 29 2003 ( 2005 ) ( ) 31

40 2004 7 14 2005 02207 2004 12 31 2004 2004 12 31 2004 32

2004 12 31 38,864 3740 57,238 [2001]39 39,100 [2001]236 2005 3 18 2004 12 31 96,102 57,238 38,864 1,050 2005 4 26 ( ) 1 2 3 ( ) [1993]374 1994 1 1997 1997 42 A 5000 1997 3 7 33

2004 12 31 227,448,000 2300001100173 2003 5 2004 6 3 1 2 1 1 12 31 3 4 5 6 34

7 8 % 1 5% 1-3 15% 3 30% 9 10 35

20% 20% 20% 20% 20% 20% 50% 50% - 11 2,000 3 36

% 10 45 3% 3.61% 10 35 3% 5.96% 8 28 3% 7.11% : 12 13 14 10 37

15 16 17 18 19 50% 50% [1995]11 < > [1995]11 < > 38

17 5% 7% 5% 3% 33% 1 2,500.00 8,008.00 90.00% 3,580.00 5,945.59 90.00% 2,888.00 4,429.97 99.39% 2004 11 20 85% 14% 2004 11 20 39

90%, (2005) 1 122 2004 12 31 99,440,452.56 86,106,114.96 13,334,337.60 2004-7,144,767.36 2004 12 31 11,596,037.21 2004-8,883,067.75 2002 3,, 2002 2002 2002 22 2004 1 2 2003 4 28 2003 5 1 2003 4 29 2003 5 1 2004 4 30 2004 4 29 40

2004 5 1 2005 4 30 50 1 3 2004 12 26 12 2004 12 31 1 715.02 3,258.02 1,315,170.78 542,546.05 1,315,885.80 545,804.07 2-480,000.00 480,000.00 3 5% 2004 41

1 36,230,184.00 12.05% 1,811,509.20 23,632,878.36 8.27% 1,181,643.92 1-3 117,590,088.52 39.10% 17,638,513.28 97,815,351.35 34.23% 14,672,302.70 3 146,919,026.39 48.85% 44,075,707.92 164,335,722.62 57.50% 49,300,716.79 300,739,298.91 100.00% 63,525,730.40 285,783,952.33 100.00% 65,154,663.41 1 1190 1-2 11,937,834.85 3.7 92,916.21 1 (4) 2004 5 1 1190 11,937,834.85 1-2 3.7 16,127,374.58 1-2 14,198,331.24 3 20,899,846.92 2-3 1-2 9.7,2-3 33,479,520.90 210.3 3 3128 96,642,908.49 33.82% 4 1 2004 1 9,169,920.14 1.72% 458,496.00 41,348,157.04 7.45% 2,067,407.85 1-3 210,687,660.33 39.48% 31,603,149.05 164,773,140.30 29.69% 24,715,971.04 3 313,837,205.05 58.80% 94,151,161.52 348,851,483.98 62.86% 104,655,445.19 533,694,785.52 100.00% 126,212,806.57 554,972,781.32 100.00% 131,438,824.08 2 2004 5% 354,615,099.65 3 2004 5 42

10,680,079.90 1 995 1-2 73 25,678,831.92 3 68,373,283.51 1 95.2 1-2 787.6 2-3 4034.5 3 1920 79,855,707.40 2-3 354,615,099.65 1 2924.1 1-2 1296 2-3 1202.6 3 30038.7 539,203,002.38 97.16% 5 5% 2004 1 50,220,207.39 63.62% 91,678,886.61 71.33% 1-2 1,338,794.38 1.70% 8,965,481.30 6.98% 2-3 1,340,455.25 1.70% 536,394.38 0.42% 3 26,029,332.96 32.98% 27,342,797.76 21.27% 78,928,789.98 100.00% 128,523,560.05 100.00% 2004 2003 49,594,770.07 2,943,000.00 3 4,952,810.00 3 2,400,000.00 3 6 2004 43

1,481,884.98 39,520,749.60 1,824,419.23 535,014.95 11,976,943.12 16,734,033.83 8,337,378.34 28,351,239.88 23,620,625.67 85,141,038.26 1 34,537,745.00 2 7 382,681,314.00 10,000,000.00 275,898,001.18 116,783,312.82 382,391,314.00 10,000,000.00 275,898,001.18 116,493,312.82 - - - - - - - - - - - - - - - - - - - - 382,681,314.00 10,000,000.00 275,898,001.18 116,783,312.82-49.00% 2002.11-14.00% 2002.11-99.39% 2002.11-90.00% 2003.7-100.00% - - - - 44

226,467,105.94-226,467,105.94-226,467,105.94-57,572,454.46-49,430,895.24-49,430,895.24 8,141,559.22 44,669,318.44 - - - 44,669,318.44 53,682,435.16 - - - 53,682,435.16-10,000,000.00-10,000,000.00 10,000,000.00 50,000.00 - - - 50,000.00 240,000.00 - - - 240,000.00 382,681,314.00 10,000,000.00 275,898,001.18-265,898,001.18 116,783,312.82 2003 7 22 1000 100% 85% 11 13 8 63,452,289.30 170,311,253.73 852,410.29 232,911,132.74 48,905,113.04 1,598,287.06 1,155,119.00 49,348,281.10 237,190,642.16 127,121,130.05 33,776,305.07 330,535,467.14-45,100,049.00-45,100,049.00 349,548,044.50 344,130,719.84 35,783,834.36 657,894,929.98 19,137,530.26 7,538,630.99 148,714.90 26,527,446.35 23,510,759.70 2,920,913.29 492,832.86 25,938,840.13 107,416,928.90 16,181,411.18 10,187,423.69 113,410,916.39 - - - - 45

150,065,218.86 26,640,955.46 10,828,971.45 165,877,202.87 199,482,825.64 - - 492,017,727.11 - - - - 199,482,825.64 - - 492,017,727.11 30,429,001.83 241,052,580.00 68,312,367.33 33,594,971.00 10,171,741.00 23,423,230.00 9 15,371,206.61 15,371,206.61-9,479,599.78 9,479,599.78-941,590.98 210,000.00 1,151,590.98-22,215.39 22,215.39-10,494.00 10,494.00-84,258.24 84,258.24-6 530,685.13 40,565.00 571,250.13-194,467.00 194,467.00-2 231,921.81 231,921.81-4 1,895,703.51 1,895,703.51-1 1,416,294.38 1,416,294.38-26,634,517.13 3,794,484.70 30,429,001.83-10 46

1,527,964.11 1,014,413.22 744,496.54 911,550.72 2,272,460.65 1,925,963.94 11 703,695.39 1# 2 852,410.29 148,714.90 12 7,940,632.50-7,742,116.69 - - 7,742,116.69 7,940,632.50-7,742,116.69 - - 7,742,116.69 2002 2003 7 2002 SHDB007 264,687.75 2052 12 16 80% 2003 7, 264,687.75 2000 2003 7 7-2004 7 7 2005 4 18 13 388,645,292.03 388,645,292.03 2,196,518.27 2,196,518.27 390,841,810.30 390,841,810.30 288,645,292.03 5.31% 47

2,196,518.27 11.088% 290,841,810.30 14 5% 5% 2004 160,886,548.32 2003 122,079,739.33 31.79% 3 12,645,876.75 4,878,724.10 2,997,341.91 1,000,000.00 15 5% 5% 2004 33,992,971.52 2003 36,968,529.99 8.05% 16 10,505,004.64 1998 2,694,715.59 1999 3,544,093.05, 2002 1,624,994.00, 2003 1,200,079.00, 9,063,881.64 17 3,112,500.00 3,112,500.00 428,470.00 428,470.00 3,540,970.00 3,540,970.00 1994 1995 48

18 61,978,811.16 71,195,697.19 10,955,601.58 11,012,131.00 3,815,458.61 5,467,487.99 16,719,238.00 16,719,238.00-40,215.00 708,432.00 1,369,995.44 78,100.00 18,100.00 - - 3,583.00-94,259,224.35 105,822,864.62 19 5% 5% 2004 113,105,538.91 2003 34,171,977.98 40,721,876.50 39,703,162.50 3 11,048,426.50 20 94,196,847.97 129,895,434.26 196,350.00-3,776,738.62 3,247,812.23 3,000,000.00 5,450,000.00 708,013.81 1,259,496.61-350,000.00 49

- 247,947.50 101,877,950.40 140,450,690.60 21 15,997,166.84 2004 5 2003 145 1,918,319.56 120,195.00 15,997,166.84 15,876,971.84 2004 12 31 827.65 120,195.00 22 300,000,000.00 300,000,000.00-9,500,000.00 300,000,000.00 309,500,000.00 950 2003.4.22-2004.10.22 5.49% 23-10,000,000.00-20,000,000.00-30,000,000.00 1000 2003.4.22-2006.4.22 5.49% 2000 2003.4.24-2006.4.24 5.49% ( : ) 50

3000 3000 2000 24 790,000.00 25 + - 148,818,931.00-48,818,931.00 : 48,818,931.00-48,818,931.00 - - - - - - 285,029,069.00-85,029,069.00 3 - - 4 - - - - 133,848,000.00 - - - - 133,848,000.00 1 93,598,440.00-93,598,440.00 2 - - 3 - - 4 1,560.00-1,560.00 93,600,000.00 - - - - 93,600,000.00 227,448,000.00 - - - - 227,448,000.00 26 51

214,386,164.98 214,386,164.98 189,361.99 189,361.99 20,290,581.70 3,148,703.74 23,439,285.44 234,866,108.67 3,148,703.74 0.00 238,014,812.41 3,148,703.74 1,043,332.33 2,105,371.41 27 15,639,574.77 15,639,574.77 15,639,574.77 15,639,574.77-31,279,149.54 - - 31,279,149.54 28-40,574,923.64-195,836,078.95 * -236,185,020.49-40,348,941.54-238,066,506.29-40,348,941.54 1,881,485.80 52

-276,759,944.13-236,185,020.49-276,759,944.13-236,185,020.49-276,759,944.13-236,185,020.49 2003 2003 11-12 1,980,511.37 1,980,511.37 1,980,511.37 99,025.57 99.025.57 1,881,485.80 29 193,161,618.10 177,574,391.17 247,996,437.15 234,696,718.47 97,646.54 198,790.92 193,259,264.64 177,574,391.17 248,195,228.07 234,696,718.47 143,224,504.42 159,280,625.89 90,937,436.86 9,920,847.08 14,033,286.79 15,458,658.79 1,488,474.26 53

1,391,705.34 5,718,953.28 248,195,228.07 193,259,264.64 2003 2003 1-5 2004 % 126,215,750.76 50.85% 90,937,436.86 36.64% 14,033,286.79 5.65% 10,987,277.30 4.43% 1,473,545.59 0.59% 243,647,297.30 98.16% 30-32,079.29-5,403.76 12,861.16 26,245.74 2,880,564.60-219,927.26 40,657.41 15,710.00-29,674.30 39,346.26 840,629.69-3,910,432.55 71,921.67 23,328.07 33,029.60 99,000.00 108,682.49-18,950.91 3,926,593.03-3,951,084.41 2004 54

1,701,688.57 1,707,092.33-5,403.76 26,245.74-26,245.74 1,733,412.77 1,953,340.03-219,927.26 15,710.00-15,710.00 1,494,770.47 1,455,424.21 39,346.26 17,736,026.12 21,646,458.67-3,910,432.55 23,328.07-23,328.07 99,000.00-99,000.00 38,798.03 57,748.94-18,950.91 22,868,979.77 26,820,064.18-3,951,084.41 7,877,677.44 1 3,100,491.86 2 4,751,062.24 2003 7,851,554.10 31 1,433,510.48 5,840,991.23 4,407,480.75 32 34,800,811.61 169,270,698.35 134,469,886.74 2003 2003 33 39,002,790.49 41,700,615.90 37,162.20 108,385.61 55

3,716.21 910.65 5,511.80 6,797.10 39,041,748.28 41,814,887.96 34 2004 2,872,671.90 30,339,104.76-586,278.59 24,339,104.76-541,049.51 4,000,000.00 6,000,000.00 2,872,671.90 30,339,104.76 24,339,104.76 85% 35 2,865,075.42 12,966.93 9,234.64 56

30,000.00 0.20 2,865,075.62 52,201.57 36 2004 420,002.21 380,153.13 17,268.22 37 2004 4,597,138.18 1 273,356.00 2 148,732.40 3 44,281.93 4 46,672.06 5 148,483.40 6 1,852,646.43 7 118,008.00 8 7,757.00 9 400,000.00 10 177,549.59 11 300,983.57 1230,000.00 38 24,339,104.76-52,201.57 24,286,903.19 1 57

5% 2004 1 36,230,184.00 12.05% 1,811,509.20 23,632,878.36 8.27% 1,181,643.92 1-2 117,590,088.52 39.10% 17,638,513.28 97,815,351.35 34.23% 14,672,302.70 3 146,919,026.39 48.85% 44,075,707.92 164,335,722.62 57.50% 49,300,716.79 300,739,298.91 100.00% 63,525,730.40 285,783,952.33 100.00% 65,154,663.41 1 1190 1-2 11,937,834.85 3.7 92,916.21 1 (4) 2004 5 1 1190 11,937,834.85 1-2 3.7 16,127,374.58 1-2 14,198,331.24 3 20,899,846.92 2-3 1-2 9.7,2-3 33,479,520.90 210.3 3 3128 96,642,908.49 33.82% 2 2004 1 9,169,920.14 1.72% 458,496.00 36,297,188.01 6.72% 1,814,859.40 1-2 210,687,660.33 39.48% 31,603,149.05 154,815,474.01 28.67% 23,222,321.10 3 313,837,205.05 58.80% 94,151,161.52 348,851,483.98 64.61% 104,655,445.19 533,694,785.52 100.00% 126,212,806.57 539,964,146.00 100.00% 129,692,625.69 58

2004 5% 354,615,099.65 2004 5 3,388,281.19 1 25,678,831.92 3 68,373,283.51 1 95.2 1-2 787.6 2-3 4034.5 3 1920 79,855,707.40 2-3 354,615,099.65 1 2924.1 1-2 1296 2-3 1202.6 3 30038.7 531,911,203.67 98.51% 3 382,681,314.00 80,080,000.00 275,898,001.18 186,863,312.82 382,391,314.00 80,080,000.00 275,898,001.18 186,573,312.82 - - - - - 382,681,314.00 80,080,000.00 275,898,001.18 186,863,312.82 49.00% 2002.11-14.00% 59

2002.11-99.39% 2002.11-90.00% 2004.12-90.00% 226,467,105.94 226,467,105.94-226,467,105.94-57,572,454.46 49,430,895.24-49,430,895.24 8,141,559.22 44,669,318.44-44,669,318.44 53,682,435.16-53,682,435.16 80,080,000.00 80,080,000.00 80,080,000.00 50,000.00-50,000.00 240,000.00-240,000.00 382,681,314.00 80,080,000.00 275,898,001.18-195,818,001.18 186,863,312.82 4 193,161,618.10 177,574,391.17 247,996,437.15 234,696,718.47 97,646.54 198,790.92 193,259,264.64 177,574,391.17 248,195,228.07 234,696,718.47 143,224,504.42 159,280,625.89 90,937,436.86 9,920,847.08 14,033,286.79 15,458,658.79 1,488,474.26 60

1,391,705.34 5,718,953.28 248,195,228.07 193,259,264.64 2003 2003 1-5 2004 % 126,215,750.76 50.85% 90,937,436.86 36.64% 14,033,286.79 5.65% 10,987,277.30 4.43% 1,473,545.59 0.59% 243,647,297.30 98.16% 5 2004 2,872,671.90 30,339,104.76-586,278.59 24,339,104.76-541,049.51 4,000,000.00 6,000,000.00 2,872,671.90 30,339,104.76 24,339,104.76 85% 61

1 461,688,000.00 461,688,000.00 25,000,000.00 25,000,000.00 35,800,000.00 35,800,000.00 28,880,000.00 28,880,000.00 % % 22,500,000.00 22,500,000.00 90.00% 32,220,000.00 90.00% 32,220,000.00 90.00% 28,703,832.00 99.39% 28,703,832.00 99.39% 27,522,000.00 99.00% 23,630,000.00 3,892,000.00 14.00% 226,467,106.00 49.00% 226,467,106.00 62

2 2004 145,932,864.49 126,215,750.76 7,279,202.41 90,937,436.86 10,987,277.30 46,721.98 313,257.04 287,402.90 3,716,978.35 11,937,834.85 93,395.26 92,916.21 63

325,374,344.26 354,615,099.65 1,300,000.00 6,433,329.01 32,020,019.80-3,005,000.00 12,000.00 1 2004 12 31 38,864 3740 57,238 [2001]39 39,100 [2001]236 1,050 2 2002 11 22 3,719 3 2004 3 2004 5 10 11,020,486.88 4 1998 27,468 2002 12 13 5 2003 264,687.75 64

2000 1950 2003 7 7 2004 7 7 950 2003.4.22-2004.10.22 5.49% 1000 2003.4.22-2006.4.22 5.49% 6 590,841,810.30 288,645,292.03 2,196,518.27 300,000,000 9,500,000.00 1 2004 11 20 85% 73,770,000.00 2004 12 26 14% 2 2004 11 20 80,080,000 90% 2004 12 26 90% 3 2002 22 49% 2000 332,075,833.00 6 7 6 1853 30 49% 65

1999 2002 2004 2 275,590,325.00 241,052,580.00 23,760,470.00 45,100,049.00 77,198,362.00 94,962,664.00 31,035.00 --- 34,537,745.00 23,423,230.00 33,594,971.00 10,171,741.00 226,467,106.00 25,699,989.00 1853 2004 4 9 30 4 33,697,255.66 33,479,520.90 189,643.57 189,643.57 4,109,822.48 691,882.58 1,295,241.89 1,295,241.89 12,260.60 12,260.60 16,117,882.58 16,127,374.58 498,454.55 227,676.04 16,989.60 16,989.60 25,830,438.99 130,450.76 67,421,071.56 68,373,283.51 575,290.13-2,040,516.51 2,040,516.51 220,000.00 220,000.00 5,000.00 5,000.00 778,495.41 778,495.41 1,508,285.52-66

893,746.18 1,053,744.44 4,700.00-1,584,763.85 1,256,634.76 417,248.84 201,857.47 34,827.39 34,827.39 16,681.13 181.13 2,648,911.99 1,144,215.76 39,234.00 69,614.00 585,971.48-19,892.03 11,048,426.50 11,048,426.50 2004 2003 2004 2003 5.06% 4.65% 5.56% 4.05% 0.049 0.049 0.063 0.063-32.21% -29.56% -76.11% -55.42% -0.312-0.312-0.861-0.861-18.44% -16.92% -76.08% -55.40% -0.178-0.178-0.861-0.861-29.49% -27.05% -20.73% -15.09% -0.285-0.285-0.235-0.235 1. 2. 3. 4. 67

2004 12 31 01 545,804.07 429,992.88 1,315,885.80 1,315,885.80 - - - - 480,000.00 480,000.00 - - - - - - - - - - 220,629,288.92 220,629,288.92 237,213,568.51 237,213,568.51 423,533,957.24 410,271,520.31 407,481,978.95 407,481,978.95 128,523,560.05 128,523,560.05 78,928,789.98 78,928,789.98 - - - - 85,141,038.26 85,141,038.26 23,620,625.67 23,620,625.67 - - - - - - - - - - - - 858,853,648.54 845,475,400.42 748,560,848.91 748,560,848.91-116,783,312.82 186,863,312.82 382,681,314.00 382,681,314.00 68

- - - - * 69,643,566.51 - - - 186,426,879.33 186,863,312.82 382,681,314.00 382,681,314.00-657,894,929.98 589,582,562.65 349,548,044.50 349,548,044.50 165,877,202.87 164,146,622.90 150,065,218.86 150,065,218.86 492,017,727.11 425,435,939.75 199,482,825.64 199,482,825.64 - - - - 492,017,727.11 425,435,939.75 199,482,825.64 199,482,825.64 1,925,963.94 1,925,963.94 2,272,460.65 2,272,460.65 - - 26,634,517.13 26,634,517.13 703,695.39 703,695.39 - - 494,647,386.44 428,065,599.08 228,389,803.42 228,389,803.42-7,742,116.69 - - - - - - - - - - - 7,742,116.69 - - - - - - - - - - - 1,547,670,031.00 1,460,404,312.32 1,359,631,966.33 1,359,631,966.33-2004 12 31 01 69

390,841,810.30 390,841,810.30 390,841,810.30 390,841,810.30 - - - - 160,886,548.32 155,871,929.24 122,079,739.33 122,079,739.33 33,992,971.52 33,992,971.52 36,968,529.99 36,968,529.99 10,505,004.64 10,505,004.64 10,649,997.88 10,649,997.88 9,974,958.65 9,895,339.27 7,421,655.91 7,421,655.91 3,540,970.00 3,540,970.00 3,540,970.00 3,540,970.00 105,822,864.62 105,822,864.62 94,259,224.35 94,259,224.35 1,119,885.06 1,119,885.06 411,872.47 411,872.47 113,105,538.91 72,383,662.41 34,171,977.98 34,171,977.98 140,450,690.60 140,450,690.60 101,877,950.40 101,877,950.40 15,997,166.84 15,997,166.84 - - 309,500,000.00 300,000,000.00 300,000,000.00 300,000,000.00 - - - - 1,295,738,409.46 1,240,422,294.50 1,102,223,728.61 1,102,223,728.61-30,000,000.00 - - - - - - - 790,000.00 - - - - - - - - - - - 30,790,000.00 - - - - - - - - 1,326,528,409.46 1,240,422,294.50 1,102,223,728.61 1,102,223,728.61 * 1,159,603.72 - - - - 227,448,000.00 227,448,000.00 227,448,000.00 227,448,000.00 - - - - 227,448,000.00 227,448,000.00 227,448,000.00 227,448,000.00 238,014,812.41 238,014,812.41 234,866,108.67 234,866,108.67 70 -

31,279,149.54 31,279,149.54 31,279,149.54 31,279,149.54 15,639,574.77 15,639,574.77 15,639,574.77 15,639,574.77-276,759,944.13-276,759,944.13-236,185,020.49-236,185,020.49 219,982,017.82 219,982,017.82 257,408,237.72 257,408,237.72 1,547,670,031.00 1,460,404,312.32 1,359,631,966.33 1,359,631,966.33 2004 02 248,195,228.07 248,195,228.07 193,259,264.64 193,259,264.64 234,696,718.47 234,696,718.47 177,574,391.17 177,574,391.17 2,360,041.97 2,360,041.97 1,372,908.26 1,372,908.26 11,138,467.63 11,138,467.63 14,311,965.21 14,311,965.21-3,951,084.41-3,951,084.41 3,926,593.03 3,926,593.03 1,433,510.48 1,433,510.48 5,840,991.23 5,840,991.23 34,800,811.61 34,800,811.61 169,270,698.35 169,270,698.35 41,814,887.96 41,814,887.96 39,041,748.28 39,041,748.28-70,861,826.83-70,861,826.83-195,914,879.62-195,914,879.62 30,339,104.76 30,339,104.76 2,872,671.90 2,872,671.90 - - - - - - 71,204.39 71,204.39 52,201.57 52,201.57 2,865,075.62 2,865,075.62-40,574,923.64-40,574,923.64-195,836,078.95-195,836,078.95 - - - - * - - - - -40,574,923.64-40,574,923.64-195,836,078.95-195,836,078.95-236,185,020.49-236,185,020.49-40,348,941.54-40,348,941.54 - - - - -276,759,944.13-276,759,944.13-236,185,020.49-236,185,020.49 - - - - 71

- - - - - - - - - - - - - - - - - - - - -276,759,944.13-276,759,944.13-236,185,020.49-236,185,020.49 - - - - - - - - - - - - - - - - -276,759,944.13-276,759,944.13-236,185,020.49-236,185,020.49 1 24,339,104.76 24,339,104.76 2 3 4-139,692,297.01-139,692,297.01 5 9,234.64 9,234.64 6 2004 03 197,559,298.31 197,559,298.31 - - 420,002.21 420,002.21 197,979,300.52 197,979,300.52 156,785,258.84 156,785,258.84 16,852,003.64 16,852,003.64 10,985,291.96 10,985,291.96 4,597,138.18 4,597,138.18 189,219,692.62 189,219,692.62 72

8,759,607.90 8,759,607.90 - - 49,430,895.24 49,430,895.24 24,339,104.76 24,339,104.76 28,000.00 28,000.00 115,811.19-73,913,811.19 73,798,000.00 26,746.00 26,746.00 80,080,000.00 80,080,000.00 0.00-80,106,746.00 80,106,746.00-6,192,934.81-6,308,746.00 - - - - 157,005,000.00 157,005,000.00 - - 157,005,000.00 157,005,000.00 154,000,000.00 154,000,000.00 6,341,754.82 6,341,754.82 - - 160,341,754.82 160,341,754.82-3,336,754.82-3,336,754.82 - - -770,081.73-885,892.92 2004 03-40,574,923.64-40,574,923.64 73

: - - 5,108,752.13 5,108,752.13 24,910,375.49 24,910,375.49 - - - - - - 2,874,153.91 2,874,153.91 6,349.83 6,349.83 6,617.10 6,617.10 41,814,887.96 41,814,887.96-30,339,104.76-30,339,104.76 0.00 - -61,520,412.59-61,520,412.59-33,152,913.22-33,152,913.22 99,625,825.69 99,625,825.69 - - 8,759,607.90 8,759,607.90 - - - - - - - - - - 545,804.07 429,992.88 1,315,885.80 1,315,885.80 - - - - -770,081.73-885,892.92 74

2004 189,738,536.97 189,738,536.97 6,854,950.52 5,108,752.13 - - - - - - 196,593,487.49 194,847,289.10 63,525,730.40 63,525,730.40 1,628,933.01 1,628,933.01 - - 65,154,663.41 65,154,663.41 126,212,806.57 126,212,806.57 5,226,017.51 3,479,819.12 - - 131,438,824.08 129,692,625.69 - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1

- - - - - - - - - - - - - - - - - - - 189,738,536.97 189,738,536.97 6,854,950.52 5,108,752.13 - - - - - - 196,593,487.49 194,847,289.10 2