1
2
1995 10 25 1999 12 29 [1999]121 2002 12 [2002]129 40,000 4.50 / 2003 1 6 [2002]196, 40,000 24.815 2004 32.35% 8.06% 8.06% 1996 1999 10 40 ( ) 1000 2004 132.13 53.74 47.30 213.35 % 2004 4.07 1.66 4.30 % 27 9 91 9 3
3 3 2004 4 106.37 12.44% 2 90 A 2 11 26 3 7 30% 2 2004 6 134 1,122.31 37 95 33 2001 2004 6 395.7 2004 5 30 2004 5 40 ( ) 4
2004 60,000 1 2000-2004 50,000 40,000 30,000 20,000 10,000 0 2004 50% 2004 83.31% 2004 5
( ) 2004 7,000 34 9 7 81% 40% 2004 6
2004 2005 5 7
8
1997-2004 2000 2001 2002-2004 2000 2001 2004 9
250000 200000 150000 100000 50000 2 1997-2004 250000 200000 150000 100000 50000 0 0 2001 25.26% 2004 46.85% 2002 30.26% 2004 19.03% 50% 2004 2002 1/4 2001-2004 2.82%-25.62% 4 2001 4.87 2004 0.23 2004 0.86% 2004 2002 2003 0.28% 10
1 2004 2003 2002 2001 46.85% 31.42% 31.92% 25.26% 2.82% 14.79% 3.92% 25.62% 23.05% 25.67% 25.06% 9.74% 0.86% 1.03% 3.35% 15.12% 19.03% 21.86% 30.26% 22.17% 7.39% 5.24% 5.49% 2.09% 1997-2004 4.45 2004 2.16 1.66 2002-2004 32.95% 70.21% 34.07% 2003 2002-2004 17.36% 21.49% 15.29% 21.57% 37.18% 49.99% 2002 0.35 2004 2.82 2002-2004 1.10 3.65 1.66 2004 5 4 3 2 1 0 2002 2003 2004 11
2004 12 31 132.13 53.74 47.30 2003-2.94% 2005 3 31 116.94 53.82 2001 2003 2001 33.63 4 2003 48.73 2004 2003 2.94% 47.30 2004 2004 213. 35% 2003 847.56% / 88.90% 88.01% 2003 99.39% 2004 16.92% 2004 28.51% 41.25% 2004 66.24% 2002 2003 86.26% 2004 3.00 2004 2.31 ( ) 6.30 32% 12
21% 30 ( ) 61% 41% 9 10 2004 4.05 0.82 33% 91 13
1 2004 2003 2002 79 84 83 629,856 728,677 806,716 1,058,807 1,097,852 1,170,929 38,189 40,350 30,899 175,237 185 93,325 40,485 35,896 38,156 8,242 5,874 15,996 1,321,333 1,181,045 1,349,830 0 0 1,020 28,816 21,731 21,233 543,743 575,434 738,329 115,082 2,308 8,673 715,310 632,924 828,952 0 0 0 46,345 0 0 50,118 0 0 765,428 632,924 828,952 18,513 0 0 248,150 248,150 248,150 201,582 201,582 201,582 537,392 548,121 520,878 1,321,333 1,181,045 1,349,830 81,390 81,618 82,638 68,947 64,077 68,295 40,683 30,346 17,829 40,222 30,049 17,583 16,569 36,549 11,008-64,385-192,874-662,628-3,857 111,829-72,074 17,399-10,323 131,801-50,843-91,370-602,900 14
2004 2003 2002 46,345 0 1,020 583,738 548,121 521,898 EBITDA 87,520 61,210 40,575 66.24% 86.26% 70.74% / 138.33% 173.46% 141.25% / 48.78% 15.02% 34.25% 3.00 9.09 4.77 18.16% 4.90% 10.86% 16.92% 99.39% 98.71% 213.35% 847.56% 474.32% / 88.01% 88.90% 82.52% -0.28% -1.23% -56.53% 34.07% 70.21% 32.95% 15.29% 21.49% 17.36% 3.05% 6.81% 3.05% 49.99% 37.18% 21.57% 64.32% 61.52% 66.17% 28.51% 9.49% 14.82% 41.25% 10.49% 17.40% 7.94% 0.00% 0.20% /EBITDA 8.75 10.34 20.43 / 7.94% 0.00% 0.20% 15
16
2 A1 A1 + A2 A3 NA 17
3 10 18