600011 2004
... 1... 1...2... 9... 12... 18... 19... 22... 33... 40... 121
1 2 3 1 HUANENG POWER INTERNATIONAL, INC. HPI 2 3 2 C 010-66491999 010-66491888 E-mail huangl@hpi.com.cn 2 C 010-66491021 010-66491860 E-mail gbq@hpi.com.cn 4 2 C 2 C 100031 http://www.hpi.com.cn zqb@hpi.com.cn 5 http://www.sse.com.cn 2 C 6 A A A 600011 H H 902 ADSs HNP 7 1994 6 30 40 2004 7 28 2 C 000496 110102625905205 202 11 22 1
: : 6,691,841,407 5,389,057,047 5,314,641,252 7,711,404,281 65,310,314 6,434,446,682 195,959,152 8,000,000 53,435,573 9,071,556,217-1,833,117,042 2
: : 5,389,057,047 5,457,142,551 37,183,402,535 34,787,100,203-142,097,658-47,936,528 (a) -1,129,597,780-987,500,122-29,530,370-26,258,956 (b) 34,195,686 63,726,056 (c) 51,808,950 12,681,881 152,902,737 101,093,787 (d) 21,920,778 0 21,920,778 0 24,629,270 18,362,679 (h) 32,197,616 7,568,346 8,087,709 16,415,980-29,502,439-16,633,837 5,323,875,726 5,430,407,607 36,265,519,133 33,955,354,433 278,026,106 335,105,000 (e) -2,007,383,464 1,652,510,822 48,116,489 13,109,950 (e) -369,252,154-417,368,643 110,524,198 112,635,862 (e) -775,591,630-886,115,828 40% 30% 25,550,056 5% 19,346,432-271,166,938-296,716,994 44.16% (f) -26,152,570-26,152,570 (b) 862,922,874 862,922,874-87,090,760-87,090,760 (g) -348,363,520-261,272,760 (c) 6,465,849-5,478,423-87,424,480-93,890,329 (d) 81,959,114 54,639,409 136,598,523 54,639,409 (d) 17,370,302 17,370,302 34,740,604 17,370,302-46,977,168-153,218,028 (h) 587,509,923 233,746,569 8,652,855 25,434,219 0-8,652,855 5,740,320,197 5,736,109,000 34,028,108,871 34,812,527,000 (e) (a) 1% (b) 3
(c) 23 (d) 3 2004 3 31 2004 3 31 20 142 (e) 100% 10 100% i) 2002 7 70% 70% ii) 2003 10 55% 60% iii) 2004 7 / 60 55 90% i) ii) iii), 4
(f) 44.16% 30% 5% 40% 2002 2004 i) 2002 7 44.16 ii) 2002 12 30 5% iii) 2004 7 40 i) ii) iii) 5
(g) 33.09% 33.09% 66.91% 33.09% (h) : : 20,136,960 8,000,000 33,298,614 29,198,882-16,218,661 74,415,795 6
: : 2004 2003 2002 (%) 30,292,698,696 23,479,646,958 29.02 18,725,340,857 18,725,340,857 6,691,841,407 6,774,080,587-1.21 5,212,079,411 5,212,079,411 5,389,057,047 5,457,142,551-1.25 4,082,350,589 4,082,350,589 5,314,641,252 5,563,916,542-4.48 4,111,128,754 4,111,128,754 2002 2004 2003 (%) 71,324,978,078 53,276,965,016 33.88 48,098,755,152 48,098,755,152 37,183,402,535 34,787,100,203 6.89 31,209,570,014 29,169,476,868 9,071,556,217 10,156,974,707-10.69 7,804,860,642 7,804,860,642 2004 2003 2002 (%) 0.45 0.91-50.55 0.68 0.68 14.49 % 15.69-1.20 13.08 14.00 14.29 15.99-1.70 13.17 14.09 % 0.75 1.69-55.62 1.30 1.30 0.45 0.91-50.55 0.68 0.68 0.44 0.92-73.96 0.69 0.69 0.44 0.92-52.17 0.69 0.69 15.08 % 16.61-1.53 13.65 14.00 14.88 16.93-2.05 13.74 14.09 % 2002 2004 2003 (%) 3.08 5.77-46.62 5.20 4.86 3.02 5.76-47.57 5.19 4.85 7
2003 7 1 2003 7 1 2003 1 1 2002 1 1 2,040,093,146 1,800,000,000 2002 2004 9 : : % 20.74 21.59 0.64 0.64 17.30 18.01 0.53 0.53 14.49 15.08 0.45 0.45 14.29 14.88 0.44 0.44 : : 6,027,671,200 10,403,229,361 4,374,668,188 1,460,700,799 13,981,531,454 34,787,100,203 6,027,712,240 21,060,365 944,684,754 404,179,279 5,389,057,047 12,382,514,406 0 1,808,307,516 1,207,138,114 1,599,770 6,970,766,444 9,986,212,074 12,055,383,440 8,615,982,210 4,112,214,828 1,863,280,308 12,399,822,057 37,183,402,535 8
1 : 1 3,509,400,000 1,754,700,000 1,754,700,000 3,509,400,000 7,018,800,000 3,509,400,000 1,754,700,000 1,754,700,000 3,509,400,000 7,018,800,000 2 3 4 740,600,000 370,300,000 370,300,000 740,600,000 1,481,200,000 4,250,000,000 2,125,000,000 2,125,000,000 4,250,000,000 8,500,000,000 1 250,000,000 125,000,000 125,000,000 250,000,000 500,000,000 2 3 1,527,671,200 763,835,600 763,835,600 41,040 1,527,712,240 3,055,383,440 4 1,777,671,200 888,835,600 888,835,600 41,040 1,777,712,240 3,555,383,440 6,027,671,200 3,013,835,600 3,013,835,600 41,040 6,027,712,240 12,055,383,440 2004 5 24 10 5 5 2 (1) (2) 2004 5 24 10 5 5 12,055,342,400 15,000 41,040 12,055,383,440 (3) 1 44,451 10 A 44,053 H 398 2 : ( ) (%) ( 1 2) 5,197,680,000 2,642,840,000 43.12 0 904,500,000 452,250,000 7.50 0 3 669,700,000 334,850,000 5.56 0 624,750,000 312,375,000 5.18 0 459.370,000 229,685,000 3.81 0 9
452,250,000 226,125,000 3.75 0 135,750,000 67,875,000 1.13 0 38,000,000 19,000,000 0.32 0 22,835,253 14,595,893 0.19 19,881,611 19,881,611 0.16 1994 5 31 2 6 : 1 2004 5 12 30,000,000 2 33,000,000 2004 12 21 28,000,000 5,000,000 3 2005 3 1 4. 5 1985 6 2 43.12% 1985 6 51.98% 15.77% 15% 10% 5.8% 1.45% 51.98% 1988 2002 12 200,,,, 3 10
4 100% 51.98% 43.12% 4 5 A B H 1 22,835,253 A 2 19,881,611 A 3 19,849,090 A 4 18,175,249 A 5 17,000,000 A 6 13,917,414 A 7 Smith Barney Asset Management 13,666,960 H 8 50 13,181,500 A 9 12,000,000 A 10 10,862,052 A 1 3 8 6 9, 15,000 41,040, 55,383,440, 0.46% 2004 5 21 11
2004 12 31 1 : 45 2002-12-23 2005-12 0 0 0 47 2004-09-28 2005-12 0 0 0 58 2002-12-23 2005-12 0 0 0 59 2004-09-28 2005-12 0 0 0 62 2002-12-23 2005-12 0 0 0 63 2002-12-23 2005-12 0 0 0 51 2002-12-23 2005-12 0 0 0 61 2002-12-23 2005-12 0 0 0 50 2002-12-23 2005-12 0 0 0 54 2004-09-28 2005-12 0 0 0 65 2002-12-23 2005-12 0 0 0 65 2002-12-23 2005-12 0 0 0 66 2002-12-23 2005-12 0 0 0 43 2002-12-23 2005-12 0 0 0 49 2004-09-28 2005-12 0 0 0 62 2002-12-23 2005-12 0 0 0 59 2004-09-28 2005-12 0 0 0 49 2002-12-23 2005-12 0 0 0 37 2002-12-23 2005-12 0 0 0 50 2002-12-23 2005-12 0 0 0 61 2002-12-23 2005-12 0 0 0 51 2002-12-23 0 0 0 58 2003-08-06 0 0 0 50 2000-01-18 0 0 0 51 2000-01-18 0 0 0 50 2001-02-15 2004-05-20 0 0 0 51 2001-09-19 0 0 0 41 2001-09-19 0 0 0 48 2002-12-23 0 0 0 42 2002-12-23 0 0 0 (1) (2) 12
(3) (4) (5) (6) (7) (8) (9) (10) ( ) (11) (12) 1995 (13) (14) (15) (16) (17) (18) (19) (20) 13
(21) (22) (23) (24) 2005 1 10 (25) (26) 1998 4 2001 1 (27) 1988 (28) 1987 (29) (30) 2 1999-12 2003-9 1995-11 1998 1994 1995-11 2005-01 2004-4 2001-8 1999 2001-11 2000 14
( ) 15
1 2 3 848 179 216 : : 16
6 4 5 70 10 50 70 1 50 1 2004 5 20 22,129 3,358 1 3,346 7,032 69 315 11,039 2 207 3,195 5,692 17
1 5 4 1 0 5 2 3 0 5 4 1 0 5 4 1 0 1 1 0 0 2004 2 1 2 3 4 5 ( ) 18
2004 5 11 9 8 45 7 5,739,638,746 6,027,671,200 95.22 (1) 2003 (2) 2003 (3) 2003 (4) (5) (6) 2003 (7) (8) 2004 5 12 2004 6 15 9 8 45 3 5,134,657,577 6,027,671,200 85.18 1. " " 1.1 40 90 1.2 55 60 2 2.1 10 2.2 19
2.3 10 2004 6 16 2004 9 28 9 8 45 3 9,397,818,170 12,055,383,440 77.96 1 2 2.1 2.2 2.3 3 3.1 3.2 3.3 3.4 3.2 3.1 3.3 3.4 3.1 3.3 3.1 3.2 3.4 3.4 3.1 3.2 3.3 2 2.1 2.2 2.3 2004 9 29 2004 9 28 10 8 45 3 8,578,349,649 9,000,000,000 95.31 1 1.1 1.2 1.3 1.4 20
1.2 1.1 1.3 1.4 1.1 1.3 1.1 1.2 1.4 1.4 1.1 1.2 1.3 2004 9 29 2004 9 28 11 8 45 1 778,349,971 3,055,383,440 25.47 1 1.1 1.2 1.3 1.4 1.2 1.1 1.3 1.4 1.1 1.3 1.1 1.2 1.4 1.4 1.1 1.2 1.3 2004 9 29 2004 12 17 9 8 45 3 9,377,662,753 12,055,383,440 77.79 8,500,000,000, 877,662,753 1 1.1 60 1.2 65 2 2.1 21
2.2 2.3 2004 12 20 2004 GDP 2004 12 31 1142.8 909.1 233.7 25.7% 2004 1. 2. 2004 7 1 3. 2003 2004 4. 5. 2004 120 180 60 2004 2004 7 45.75 55% 60 40 1 (1) (2) : : (%) (%) 30,292,698,696 100 7,711,404,281 100 30,292,698,696 / 7,711,404,281 / / / 30,292,698,696 100 7,711,404,281 100 22
(3) : : (%) (%) 12,846,814,102 42.41 3,366,944,989 43.66 17,445,884,594 57.59 4,344,459,292 56.34 30,292,698,696 / 7,711,404,281 / / / 30,292,698,696 100 7,711,404,281 100 (4) 10% : : (%) 30,292,698,696 22,548,970,713 25.46 (5) 22.80%, 2004 2 (1) : : 761,838,300 2,257,791,354 210,153,991 632,840,000 2,251,942,148 224,493,874 265,000,000 890,116,335 105,866,158 900,000,000 4,755,875,455 193,420,372 3 : : 42.57 23.10% 239.17 78.95% 4 1 2004 3 5 2 23
124 7 / 2004 1 1 [2004]1036 [2004]1038 [2004]1039 [2004]1124 2004 6 25 2004 6 15 / 372 372.5 6 15 341 324 5000 193 6 15 5500 196 266.5 281 4800 224 6 15 5500 260 375.8 374 4900 224 6 15 5500 260 1 4 352.5 354 5 6 5500 200 6 15 320 321.5 320 321.5 260 1 4 280.76 282.26 5 6 5500 200 6 15 260 395.5 397 5500 200 6 15 260 320 321.5 5500 200 6 15 260 443.41 449.41 6 15 341 338 4864 240 6 15 5500 280 341 338 4864 240 6 15 5500 280 372 365 4937 240 6 15 5500 280 350 344 4749 240 6 15 5500 280 24
339.16 371 6000 261 6 15 250 5500 328 1 2 308 3 4 5500 164 6 15 196 321 323 4000 225 2004 6 230 25 330 332 4000 215 2004 6 230 25 353 355 4000 230 2004 6 25 288.7 290 5000 262 2004 6 260 15 351 345 4100 270 2004 6 4250 15 362 348 3150 272 2004 6 4500 280 15 [2004]216 1 4 5 6 336. 97 / 2004 11 1, 2004 6 15 0.28 0.30 0.338 / / 2004 281 / 260 280 260 280 280 300 280 300 280 300 280 300 328 338 16.9 /, 2004 3 25
2004 2004 1 1 GB13223-2003 2004 2004 7 1 0.21 / 0.42 / 0.63 / 2004 17,032 FGD 30 146.11 79.11 118.07 1 2 1 45.75 55% 60 40 2004 6 30 2004 7 2004 25.59 2 16.32 600 2004 11 23 12 13 168 2004 0.29 3 12.19 300 2004 10 22 11 13 168 2004 1.01 4 15.66 5 11.99 6 2.28 7 12.16 8 2.81 9 4.51 10 4.46 26
: : 71,324,978,078 53,276,965,016 18,048,013,062 33.88 7,711,404,281 7,744,112,918-32,708,637-0.42 5,389,057,047 5,457,142,551-68,085,504-1.25-1,833,117,042 1,126,046,544-2,959,163,586-262.79 37,183,402,535 34,787,100,203 2,396,302,332 6.89 1 2004 12 2004 5 6 11 30% 6 5% 5% 2 (1) 2004 1 15 " 2004 04 3 30 8 274 " (2) 85 15 2004 5 18 8 22 714 15% 27
2005 1 2 3 4 5 1 2004 3 16 12 12 1 2003 2 2003 3 2003 4 2003 2003 12 31 5,457,142,551 5,430,407,607 5,470,041,000 2003 5,457,142,551 10% 7.5% 954,999,946 4,475,407,661 2003 12 31 10,967,358,000 2003 2003 6,027,671,200 10 5 5 2003 6,027,671,200 4,939,686,800 5 2003 12 31 10,403,229,361 4,374,668,188 2003 6,027,671,200 10 5 ( 3 2 ) 6 2003 7 2004 2004 158 8 2004 9 2004 10 6 11 12 13 2003 1 3 4 5 7 10 11 2004 4 16 12 12 1 2004 28
2 3 " " 3.1 40 90 " " 3.2 55 60 " " " 3.3 3.4 3.1 3.2 4 10 : 10% 5 5.1 10 5.2 5.3 10 5.4 5.1 5.2 5.3 6 2004 3.1 3.2 5.1 5.2 5.3 2004 2004 5 20 12 12 : 29
1 1.1 1.2 1.3 2 3 3.1 85 1 12 15 2 1 2 3.2 110 1 7 6 2 4 2004 2004 2004 8 10 12 12 1 2004 2 (i) (ii) (i) (iii) (iv) (i) (iv) 3 4 5 2004 2004 30
2004 10 26 15 15 1 2004. 2 2.1 60 2.2 65 2.3 2.4 2.1 2.2 3 3.1 3.2 3.3 3.4 3.1 3.2 3.3 4 2004 2.1 2.2 3.1 3.2 3.3 2004 2 (1) 2003 6 027 67 1200 10 5.0 3,013,835,600 10 5 3,013,835,600 2003 10 5 3 2 2003 (2) 2004 7 1 45.75 40% 90% 55% 60% 10 (3) 2005 1 5 20.25 60% 65% 2099.8 31
( ) 2004 12 31 5,389,057,047 5,323,875,726 5,740,320,198 2004 5,389,057,047 10% 7.5% 943,084,984 4,380,790,742 2004 10 2.5 3,013,845,860 ( ) 2004 12 31 2004 2005 3 15 (2005)1037 [2003]56 2004 12 31 2004 2004 : : 1,730.52 1,167.83 2,898.35 0 0 4,586.46 4,586.46 0 528.67 0 296.95 231.72 0 165.24 0 165.24 0 600.00 0 600.00 0 500.00 0 500.00 57.5 0 57.5 0 2004 12 31 136,296,, 32
" " 1. 2004 11.4 2. 2004 12 31 3000 7.4 6.6 3. " " 2004 12 31 3.05 [ ] 4. 70% 5. 2004 12 31 17.35 4.67% 50% 6. 7. 2004 2004 2004 1 2004 3 15 2003 2003 2003 2003 2 2004 8 9 2004 33
2004 2004 2004 2004 2004 2004 2001 11 A 45.75 40% 90% 55 60 10 2004 12 17 2005 1 5 20.25 60 65 1 2004 4 16 34
45.75 19.49 25.64 2004 4 19 2004 7 40 55 60 3,096 19.7 1,050 2003 12 31 ( ) / / 40% 96,634.18 78,795.53 95,957.7217162.19 22% 90% 37,202.20 37,202.20 54,777.8717,575.67 47% 55% 17,363.05 17,363.05 81,199.8463,836.79 368% 60% 60,177.10 60,177.10 138,274.7578,097.65 130% 100% 52,552.07 52,552.07 52,643.8791.80 0.2% 263,928.60 246,089.95 422,854.05176,764.10 72% 2003 2003 2 2004 10 26 60% 65% 12.19 8.06 2004 10 27 35
2004 12 31 2005 1 1,146 6.1% 389 2004 7 31 2004 6 30 ( ) 60% 72,412 72,412 121,210 48,79867.39% 65% 48,812 48,812 79,173 30,36062.20% 121,224 121,224 200,383 79,158 2003 1 2 1 2 36
3 4 : : 1999-04-25 30,000,000 1999-04-25 2005-04-25 1996-11-20 63,750,000 1996-11-20 2008-12-20 1998-03-30 42,500,000 1998-03-30 2012-03-20 1998-04-24 29,750,000 1998-04-24 2011-06-20 1998-06-24 37,187,500 1998-06-24 2011-09-20 1998-12-31 86,062,500 1998-12-31 2011-12-20 2002-10-18 46,000,000 2002-10-18 2007-10-17 2002-12-29 30,000,000 2002-12-29 2019-12-20 2002-02-20 160,000,000 2002-02-20 2019-12-20 2003-03-31 100,000,000 2003-03-31 2019-12-20 2003-05-26 200,000,000 2003-05-26 2019-12-20 2003-08-21 250,000,000 2003-08-21 2019-12-20 2002-12-23 30,000,000 2002-12-23 2005-12-22 2003-06-18 630,000,000 2003-06-18 2019-06-17 0 305,250,000 630,000,000 1,430,000,000 1,735,250,000 4.67% 50 305,250,000 70 1,400,000,000 50 1,705,250,000 2001 2003 55 60 37
5 6 5% 5% 2004, 40 3 2004, 118 3 1 2004 1 9 2003 www.sse.com.cn 600011 2 2004 3 17 www.sse.com.cn 3 2004 3 26 2003 www.sse.com.cn 4 2004 4 9 2004 www.sse.com.cn 5 2004 4 19 www.sse.com.cn 6 2004 4 30 www.sse.com.cn 7 2004 5 12 2003 www.sse.com.cn 8 2004 5 18 2003 www.sse.com.cn 9 2004 5 21 www.sse.com.cn 10 2004 6 16 2004 www.sse.com.cn 11 2004 6 18 www.sse.com.cn 12 2004 6 25 www.sse.com.cn 13 2004 7 6 www.sse.com.cn 14 2004 7 9 2004 www.sse.com.cn 15 2004 7 27 www.sse.com.cn 38
16 2004 8 2 www.sse.com.cn 17 2004 8 6 www.sse.com.cn 18 2004 8 10 www.sse.com.cn 19 2004 8 11 www.sse.com.cn 20 2004 8 16 www.sse.com.cn 21 2004 8 18 www.sse.com.cn 22 2004 9 27 www.sse.com.cn 23 2004 9 28 2004 2004 ww.sse.com.cn 24 2004 10 13 2004 www.sse.com.cn 25 2004 10 21 www.sse.com.cn 26 2004 10 26 www.sse.com.cn 27 2004 10 27 www.sse.com.cn 28 2004 10 27 www.sse.com.cn 29 2004 10 27 www.sse.com.cn 30 2004 11 2 www.sse.com.cn 31 2004 11 16 www.sse.com.cn 32 2004 11 24 www.sse.com.cn 33 2004 12 7 www.sse.com.cn 34 2004 12 20 2004 www.sse.com.cn 35 2004 12 23 www.sse.com.cn 39
2004 40
200021 202 11 +86 (21) 6123 8888 +86 (21) 6123 8800 (2005) 1037 ( ) ( )2004 12 31 2004 2004 12 31 2004 2005 3 15 41
2004 12 31 2004 12 31 2003 12 31 2004 12 31 2003 12 31 1 2,510,859,390 4,433,604,438 1,381,509,573 3,520,203,732 13,200 13,200 13,200 13,200 2 1,242,671,845 447,200,000 682,937,156 336,180,000 1,734,452 3,291,154 1,734,452 2,387,688 3 1 3,730,431,156 2,356,825,998 2,407,133,652 2,005,023,640 3 1 292,845,939 160,720,886 126,090,716 87,489,711 4 441,370,775 88,194,813 233,095,644 54,736,358 5 1,431,403,605 808,159,276 822,343,887 632,641,423 2,319,162 4,779,340 2,155,328 4,594,883 6 3 5,000 83,060 5,000 470,746,016 9,653,654,524 8,302,872,165 5,657,018,608 7,114,016,651 6 2 5,886,238,518 3,407,034,531 10,382,796,256 5,472,475,440 6 3 53,700 12,500 53,700 12,500 5,886,292,218 3,407,047,031 10,382,849,956 5,472,487,940 6 1,331,850,487 392,105,037 - - 7 80,565,305,102 60,731,810,047 56,178,137,905 52,100,413,665 7 (33,246,132,232) (22,330,922,497) (22,322,890,662) (18,556,962,398) 7 47,319,172,870 38,400,887,550 33,855,247,243 33,543,451,267 8 3,876,065,407 1,111,654,804 1,367,377,823 325,349,997 9 5,128,225,240 3,090,960,181 1,928,434,464 618,045,031 56,323,463,517 42,603,502,535 37,151,059,530 34,486,846,295 10 (551,009,877) (1,057,406,729) (665,167,689) (1,127,369,140) 12,577,696 20,950,014 6,227,106 8,374,230 (538,432,181) (1,036,456,715) (658,940,583) (1,118,994,910) 71,324,978,078 53,276,965,016 52,531,987,511 45,954,355,976 42
2004 12 31 2004 12 31 2003 12 31 2004 12 31 2003 12 31 11 8,099,000,000 1,600,000,000 4,330,000,000 280,000,000 29,000,000 - - - 12 738,762,443 653,100,248 523,267,513 486,384,541 39,736,104 10,157,597 19,024,218 7,209,340 219,555,237 214,006,684 156,331,795 203,101,081 121,270,836 94,083,122 88,192,171 92,823,122 21,668,696 14,780,096 8,250,000-13 999,792,185 917,362,692 547,544,918 601,337,983 37,477,764 2,955,512 18,123,901 12,748,584 14 3,706,812,746 1,670,941,617 2,303,996,599 1,418,213,280 43,572,392 26,733,205 43,502,856 26,733,205 15 1,543,237,546 3,041,501,169 825,142,210 2,144,948,831-951,821-951,821 15,599,885,949 8,246,573,763 8,863,376,181 5,274,451,788 15 15,955,289,378 9,153,604,209 6,485,208,795 5,892,803,985 13,000,000 - - - 15,968,289,378 9,153,604,209 6,485,208,795 5,892,803,985 31,568,175,327 17,400,177,972 15,348,584,976 11,167,255,773 2,573,400,216 1,089,686,841 - - 16 12,055,383,440 6,027,671,200 12,055,383,440 6,027,671,200 17 8,615,982,210 10,403,229,361 8,615,982,210 10,403,229,361 18 4,112,214,828 4,374,668,188 4,112,214,828 4,374,668,188 18 1,863,280,308 1,460,700,799 1,863,280,308 1,460,700,799 19 12,399,822,057 13,981,531,454 12,399,822,057 13,981,531,454 37,183,402,535 34,787,100,203 37,183,402,535 34,787,100,203 71,324,978,078 53,276,965,016 52,531,987,511 45,954,355,976 43
2004 2004 2003 2004 2003 20 4 30,292,698,696 23,479,646,958 24,812,849,816 20,287,987,380 20 4 (22,548,970,713) (15,690,199,491) (18,669,183,184) (13,698,115,361) (32,323,702) (45,334,549) (6,439,058) (7,542,002) 7,711,404,281 7,744,112,918 6,137,227,574 6,582,330,017 65,310,314 30,574,635 61,068,713 31,991,798 (543,097,354) (441,548,979) (403,851,618) (327,750,541) 21 (799,170,559) (559,636,467) (500,109,803) (430,705,990) 6,434,446,682 6,773,502,107 5,294,334,866 5,855,865,284 22 5 195,959,152 133,885,686 754,656,514 567,970,021 8,000,000-8,000,000-64,266,564 20,485,605 49,097,324 2,108,848 (10,830,991) (153,792,811) (7,770,192) (143,297,291) 6,691,841,407 6,774,080,587 6,098,318,512 6,282,646,862 (996,457,462) (1,116,100,498) (709,261,465) (825,504,311) (306,326,898) (200,837,538) - - 5,389,057,047 5,457,142,551 5,389,057,047 5,457,142,551 2004 2003 2004 2003 1. - - - - 2. - - - - 3. - - - - 4. - - - - 5. - - - - 6. - - - - 44
2004 2004 2003 2004 2003 5,389,057,047 5,457,142,551 5,389,057,047 5,457,142,551 19 13,981,531,454 11,528,797,057 13,981,531,454 11,528,797,057 19,370,588,501 16,985,939,608 19,370,588,501 16,985,939,608 19 (538,905,705) (545,714,255) (538,905,705) (545,714,255) 19 (404,179,279) (409,285,691) (404,179,279) (409,285,691) 18,427,503,517 16,030,939,662 18,427,503,517 16,030,939,662 19 (3,013,835,600) (2,049,408,208) (3,013,835,600) (2,049,408,208) 19 (3,013,845,860) - (3,013,845,860) - 19 12,399,822,057 13,981,531,454 12,399,822,057 13,981,531,454 45
2004 34,870,826,097 28,558,926,194 385,236,556 876,317,519 35,256,062,653 29,435,243,713 (17,860,669,954) (14,501,103,644) (1,351,121,551) (1,194,782,766) (4,733,270,284) (4,153,288,582) 24 (2,239,444,647) (1,550,961,569) (26,184,506,436) (21,400,136,561) 9,071,556,217 8,035,107,152 62,232,507 527,682,504 173,089,630 517,987,896 27,769,019 23,701,818 113,958,523 35,311,400 377,049,679 1,104,683,618 (10,035,643,409) (3,246,634,587) (1,398,849,335) (1,375,740,585) - (1,224,342,252) 23 (2,540,359,721) (3,036,373,035) (5,961,417) (5,961,417) (13,980,813,882) (8,889,051,876) (13,603,764,203) (7,784,368,258) 677,034,400-677,034,400-14,468,000,003 6,076,000,001 16,470,000 3,470,000 15,161,504,403 6,079,470,001 (8,317,872,080) (4,873,723,629) (4,149,321,575) (3,544,650,675) (167,124,256) - (12,467,193,655) (8,418,374,304) 2,694,310,748 (2,338,904,303) 4,780,196 7,421,208 1 (1,833,117,042) (2,080,744,201) 46
2004 1. 5,389,057,047 5,389,057,047 306,326,898 - (24,342,341) (13,666,672) 4,548,118,653 3,839,984,463 (221,773,189) (224,435,960) 15,171,763 2,292,626 9,343,999 2,439,555 (99,367,270) 26,274,117 (29,174,971) (29,066,407) 776,007,599 480,488,677 (195,959,152) (754,656,514) (394,398,975) (128,262,203) (958,992,169) (648,905,051) (46,516,011) 89,532,772 (1,945,664) 4,030,702 9,071,556,217 8,035,107,152 2. - - - - - - 3. 2,295,530,972 1,211,178,016 (4,128,648,014) (3,291,922,217) (1,833,117,042) (2,080,744,201) 47
2004 12 31 1994 6 30 1994 1994 6 30 1994 10 6 1998 3 4 A 2001 12 6 1 48
2004 12 31 2004 4 16 40% 90% 19.49 55% 60% 25.64 2004 4 16 6,200 10% 2004 7 1 49
2004 12 31 (1) (2) 1 1 12 31 (3) (4) (5) (6) 3 3 50
2004 12 31 (7) (8) 51
2004 12 31 (9) 1 (a) 50% 20% 50% 1 2003 3 17 10 2003 3 17 10 (b) 1 52
2004 12 31 (9) (c) 53
2004 12 31 (10) 1 2001 1 1 8-35 0%-11% 2.54%-12.50% 4-30 0%-11% 2.97%-25.00% 6-27 5%-11% 3.30%-17.00% 2.5-18 0%-11% 5.56%-40.00% 54
2004 12 31 (11) (12) 20 70 2001 1 1 2001 1 1 10 (13) 1 1 55
2004 12 31 (14) (15) 56
2004 12 31 (16) 47% 62.5% (17) (18) (a) (b) 5(h) (c) 57
2004 12 31 (19) (20) (21) (1995)11 58
2004 12 31 1. 17% 2. 33% 30% 3% 1999 1 1 15% 59
2004 12 31 2. [1994]381 15.0% 18.0% 1994 12 31 15.0% 2008 12 31 18.0% 1996 12 31 18.0% 2003 12 31 15.0% 1996 12 31 15.0% 2004 12 31 15.0% 1995 12 31 15.0% 2004 12 31 15.0% 1994 12 31 15.0% 2005 12 31 16.5% 1998 12 31 18.0% 15.0% 2004 12 31 17.0% 17.0% 15.0% 16.5% 18.0% 15.0% 18.0% 15.0% 2008 12 31 33.0% 33.0% 33.0% 33.0% 33.0% 15.0% 2007 12 31 33.0% 60
2004 12 31 2. 2004 2003 [1997]368 15.0% 15.0% [1994]381 18.0% 18.0% 1 [2004]12 15.0% 7.5% [1994]381 18.0% 18.0% [1999]604 [1994]381 18.0% 9.0% [2000]194 [1994]381 15.0% 15.0% 2 [2003]248 [2003]1 7.5% 7.5% [1994]381 15.0% 15.0% 3 [2003]37 7.5% 7.5% [1994]381 15.0% 15.0% 4 10.0% 10.0% 16.5% 16.5% 5 [1999]7 - - 6 [1997]039 10.0% 10.0% [2001]866 17.0% 17.0% [2001]866 17.0% 17.0% [2002]1063 15.0% 15.0% [2003]1 [2002]1030 16.5% 16.5% [2003]31 18.0% 18.0% 7 [2004]123 15.0% 18.0% 5 10-8 10 2004(20 ) - 33.0% 33.0% 33.0% 33.0% 33.0% 33.0% 33.0% 33.0% 10 33.0% 9 10-11 - 1 [2004]12 2001 1 1 2003 12 31 1999 1 1 2008 12 31 3% 61
2004 12 31 2 2 [2003]248 [2003]1 2002 1 1 2004 12 31 3 [2003]37 2002 1 1 2004 12 31 4 2003 1 16 2003 1 1 2005 12 31 10 5 6 1997 39 2002 1 1 2004 12 31 10% 2002 2003 72003 10 27 [2004]123 15% 8 2004(20 ) 2004 7 1 2008 12 31 2004 9 2003 1 1 2007 12 31 2004 10 2003 2003 11 2004 2004 2004 0 2003 62
2004 12 31 2004 12 31 58 1993 11 22 761,838,300 474,038,793 60% 1997 6 19 632,840,000 661,293,633 75% 2004 6 18 894,410,000 335,410,000 75% 291 1995 1 26 265,000,000 492,799,531 63.64% 291 2004 6 22 474,000,000 301,653,600 63.64% 1995 7 12 10,000,000 421,556,956 55% 1994 11 29 80,000,000 380,385,896 60% 2004 3 14 100,000,000 140,100,000 95% 2003 12 16 560,000,000 660,451,197 55% 2003 12 16 900,000,000 1,469,301,221 60% ( ) 2003 12 31 3,000,000 2,950,000 95% 63
2004 12 31 2004 12 31 95 3,000,000 2,950,000 2004 12 31 33,096,066 1,351,372 2004 1,060,748 64
2004 12 31 1 2004 12 31 2003 12 31-620,687 726,410-2,350,491,735 4,018,311,639-19,301,268 8.2765 159,746,942 34,328,609 8.2767 284,127,729-325 0.0797 26 1,688,242,236 0.0773 130,438,660 2,510,238,703 4,432,878,028 2,510,859,390 4,433,604,438 2004 12 31 2,510,859,390 3 (12,640,652) (202,687,766) 2004 12 31 2,295,530,972 2003 12 31 (4,128,648,014) (1,833,117,042) 2 2004 12 31 2003 12 31 430,181,845 149,940,000 812,490,000 297,260,000 1,242,671,845 447,200,000 2004 12 31 65
2004 12 31 3 1 2004 12 31 2003 12 31 4,080,533,818 2,356,825,998 (350,102,662) - 3,730,431,156 2,356,825,998 2004 12 31 2003 12 31 (%) (%) 1 3,267,696,332 80-2,353,129,998 100-1 2 96,807,620 2 - - - - 2 3 - - - 3,696,000 - - 3 * 716,029,866 18 (350,102,662) - - - 4,080,533,818 100 (350,102,662) 2,356,825,998 100 - * 2004 12 31 3 2006 12 31 2004 12 31 2,315,793,777 2003 12 31 1,966,974,945 56.75% 2003 12 31 83.46% 66
2004 12 31 3 2 2004 12 31 2003 12 31 341,953,996 214,605,918 (49,108,057) (53,885,032) 292,845,939 160,720,886 2004 12 31 2003 12 31 (%) (%) 1 187,298,876 55 (5,618,966) 88,240,614 41 (2,647,218) 1 2 49,794,157 15 (1,493,825) 18,827,094 9 (1,564,813) 2 3 22,263,956 6 (667,919) 55,952,155 26 (1,678,565) 3 82,597,007 24 (41,327,347) 51,586,055 24 (47,994,436) 341,953,996 100 (49,108,057) 214,605,918 100 (53,885,032) 67
2004 12 31 3 2 2004 12 31 2003 12 31 11,142,227 10,272,586 31,859,569 14,680,384 9,571,945 11,103,320-19,067,120 13,414,304-20,064,009 21,735,192 12,086,529 19,726,451 * 243,815,413 118,020,865 341,953,996 214,605,918 * 2004 12 31 79,107,856 2004 12 31 135,176,856 2003 12 31 82,448,358 39.53% 2003 12 31 38.42% 2004 12 31 5% 68
2004 12 31 4 2004 12 31 2003 12 31 293,181,969 64,325,931 33,467,251 7,549,431 32,551,886 11,179,768 26,498,054-55,671,615 5,139,683 441,370,775 88,194,813 2004 12 31 2003 12 31 (%) (%) 1 434,116,293 98 82,788,921 94 1 2 5,512,106 2 4,096,343 5 2 3 208,500 - - - 3 1,533,876-1,309,549 1 441,370,775 100 88,194,813 100 2004 12 31 5% 69
2004 12 31 5 2004 12 31 2003 12 31 732,834,080 308,861,120 715,249,762 512,919,617 1,448,083,842 821,780,737 (16,680,237) (13,621,461) 1,431,403,605 808,159,276 2003 12 31 (13,621,461) (14,041,426) 10,982,650 2004 12 31 (16,680,237) 2004 15,310,808,468 2003 10,303,016,769 70
2004 12 31 6 2003 12 31 2004 12 31 - (1) 392,105,037 1,048,735,332 (108,989,882) 1,331,850,487 (2) 2,012,939,632 1,384,053,996 (179,091,542) 3,217,902,086 (3) 741,157,596 435,362,658 (101,177,875) 1,075,342,379 (4) 260,832,266 357,500 (46,200) 261,143,566 3,407,034,531 2,868,509,486 (389,305,499) 5,886,238,518 95,560 46,200 (83,060) 58,700 : (83,060) - 78,060 (5,000) 12,500 46,200 (5,000) 53,700 3,407,047,031 2,868,555,686 (389,310,499) 5,886,292,218 2004 12 31 2003 12 31 15.83% 9.79% 2004 12 31 2003 12 31 (1) 2003 2004 12 31 12 31 10 191,587,073 163,814,482 - (19,158,707) (46,931,298) 144,655,775 10 151,623,305 133,436,887 - (15,162,331) (33,348,749) 118,274,556 10 96,461,357 94,853,668 - (9,646,136) (11,253,825) 85,207,532 10 5,936,001-5,936,001 (593,600) (593,600) 5,342,401 7.5 393,716,359-393,716,359 (26,247,757) (26,247,757) 367,468,602 8.5 649,082,972-649,082,972 (38,181,351) (38,181,351) 610,901,621 1,488,407,067 392,105,037 1,048,735,33 2 (108,989,882) (156,556,580) 1,331,850,487 71
2004 12 31 6 (2) 1996 3 20 15,000 31,750 25.5% 23,900 25% 1997 7 16 95,556 197,500 1996 10 28 137,547 40% 1,250 25% 1996 11 5 5,000 72
2004 12 31 6 (2) 2003 2004 2003 2004 2003 2004 2003 2004 12 31 12 31 12 31 12 31 12 31 12 31 12 31 12 31 20 25.5% 25.5% 231,868,800 231,868,800 (35,738,867) (29,091,542) (64,830,409) 196,129,933 167,038,391 25% 25% 1,595,902,576 1,595,902,576 220,907,123 141,793,666 362,700,789 1,816,809,699 1,958,603,365 25-40% - 940,103,488-133,167,724 133,167,724-1,073,271,212-25% - 18,028,710-960,408 960,408-18,989,118 1,827,771,376 2,785,903,574 185,168,256 246,830,256 431,998,512 2,012,939,632 3,217,902,086 73
2004 12 31 6 (3) 2003 2004 12 31 12 31 10 794,097,424 741,157,596 - (79,409,742) (132,349,570) 661,747,854 10 435,362,658-435,362,658 (21,768,133) (21,768,133) 413,594,525 1,229,460,082 741,157,596 435,362,658 (101,177,875) (154,117,703) 1,075,342,379 (4) 2.11% 2003 :3% 2002 8 22 254,989,551 2.11% 74
2004 12 31 7 2003 12 31 1,680,071,154 56,868,645,506 718,642,537 1,464,450,850 60,731,810,047 (18,667,896) 209,690,343 (205,053,099) 14,030,652-442,986,987 12,813,198,424 12,863,638 487,533,006 13,756,582,055 436,163,430 5,556,909,031 12,754,792 72,609,842 6,078,437,095 14,594,436 20,292,379 2,840,702 65,510,428 103,237,945 (787,708) (88,144,973) (1,800,245) (14,029,114) (104,762,040) 2004 12 31 2,554,360,403 75,380,590,710 540,248,325 2,090,105,664 80,565,305,102 2003 12 31 421,174,862 21,016,536,628 262,772,436 630,438,571 22,330,922,497 (5,566,067) 72,770,473 (62,903,595) (4,300,811) - 67,987,327 6,091,176,012 12,420,015 284,656,560 6,456,239,914 79,095,510 4,263,879,453 30,095,979 182,580,697 4,555,651,639 (171,143) (85,073,025) (1,786,475) (9,651,175) (96,681,818) 2004 12 31 562,520,489 31,359,289,541 240,598,360 1,083,723,842 33,246,132,232 2004 12 31 1,991,839,914 44,021,301,169 299,649,965 1,006,381,822 47,319,172,870 2003 12 31 1,258,896,292 35,852,108,878 455,870,101 834,012,279 38,400,887,550 2004 12 31 2003 12 31 2004 12 31 64,524 2003 12 31 41,381 1,822 2003 12 31 786 75
2004 12 31 8 2004 12 31 2003 12 31 576,521,801 165,740,734 3,299,543,606 939,069,664-6,844,406 3,876,065,407 1,111,654,804 76
2004 12 31 9 2003 12 31 * 2004 12 31 1,225,000,000 264,847,686-603,199,561 - - 868,047,247 71% 2,382,480,000 245,205,149-1,555,137,830 - - 1,800,342,979 76% 4,472,050,000 135,803,681-520,065,752 - - 655,869,433 15% 2,264,030,000 60,120,169-532,076,943 - - 592,197,112 26% 2,431,933,416 - - 92,853,529 - - 92,853,529 4% 2,686,250,000 556,744,978-1,583,054,498 (2,125,599,800) - 14,199,676 80% 4,654,950,000 1,535,532,743-2,151,805,054 (3,680,268,822) - 7,068,975 79% 2,460,000,000-189,296,363 154,410,283 - - 343,706,646 14% 4,459,120,000-54,089,906 163,802,140 - - 217,892,046 5% - 292,705,775 61,388,286 641,636,163 (272,568,473) (187,114,154) 536,047,597 3,090,960,181 304,774,555 7,998,041,753 (6,078,437,095) (187,114,154) 5,128,225,240 148,546,755 5,107,416 272,225,256 (235,132,518) - 190,746,909 * 2004 272,225,256 4.56% 2003 21,224,053 4.83% 2004 12 31 2003 12 31 77
2004 12 31 10 2003 2004 12 31 12 31 1,005,524,121 662,228,414 160,012,200 85,545,300 (20,050,136) (117,788,343) 887,735,778 16 69.5 (2,472,783,635) (1,730,948,544) - - 247,278,364 989,113,455 (1,483,670,180) 6 39,036,491 2,361,909 36,257,779 - (2,515,008) (2,931,811) 36,104,680 6.5 9.5 16,277,812 8,951,492-2,808,384 (2,940,031) (7,457,967) 8,819,845 1 17 (1,411,945,211) (1,057,406,729) 196,269,979 88,353,684 221,773,189 860,935,334 (551,009,877) 2004 12 31 2003 12 31 11 2004 12 31 2003 12 31 8,099,000,000 1,600,000,000 2004 12 31 4.30% 5.02% 2003 12 31 4.54% 5.05% 2004 12 31 3,694,000,000 4.54% 5.02% 2003 12 31 1,130,000,000 4.78% 5.05% 12 2004 12 31 2003 12 31 5% 3 78
2004 12 31 13 2004 12 31 2003 12 31 407,449,828 472,850,018 527,292,394 415,147,473 65,049,963 29,365,201 14 999,792,185 917,362,692 2004 12 31 2003 12 31 889,096,823 572,459,421 703,714,020 274,014,049 237,912,047 207,257,299 1,258,799,490 87,507,580 62,098,336 26,541,527 49,231,372 66,807,932-20,695,875 3,909,817 485,264,783 432,443,992 3,706,812,746 1,670,941,617 2004 12 31 7 1,258,799,490 5% 2003 12 31 87,507,580 3 79
2004 12 31 15 2004 12 31 2003 12 31 (1) 800,000,000 420,380,445 (2) 16,111,947,027 10,714,560,499 (3) 586,579,897 1,060,164,434 17,498,526,924 12,195,105,378 (1,543,237,546) (3,041,501,169) 15,955,289,378 9,153,604,209 (1) 2004 12 31 2004 12 31 * 600,000,000 2004-2013 4.60% - * 200,000,000 2004-2013 - +1.8% 800,000,000 - * 2004 12 31 80
2004 12 31 15 2 2004 12 31 8,805,069,370 778,474,449 8.2765 6,443,043,776 76,698,650 11.2627 863,833,881 16,111,947,027 (1,257,476,111) 14,854,470,916 81
2004 12 31 15 (2) 2004 12 31 2004 12 31 * 200,000,000 2004-2007 4.94% - * 188,000,000 2004-2009 5.02% - 30,000,000 1999-2005 5.76% 30,000,000 * 100,000,000 1999-2007 5.76% - ** 194,000,000 1998-2010 5.18% - ** 47,000,000 1999-2011 5.18% - * 574,000,000 1998-2010 5.18% - * 20,000,000 1999-2011 5.18% - ** 73,000,000 1999-2011 5.18% - * 100,000,000 2003-2006 4.94% - 510,000,000 2003-2008 5.02% 20,000,000 * 100,000,000 2004-2009 3.60% - * 1,000,000,000 2004-2009 5.02% - * 200,000,000 2004-2007 5.18% - * 1,065,000,000 2004-2019 5.18% - 740,000,000 125,000,000 1,123,000,000 2000-2010 5.39% 185,000,000 * 100,000,000 2004-2014 5.18% - * 230,000,000 2004-2009 5.02% - * 225,000,000 2004-2009 5.27% - * 200,000,000 2004-2006 5.02% - * 455,000,000 2004-2007 5.02% - * 45,000,000 2004-2008 5.02% - ** 1,050,000,000 2003-2019 5.18% - 60% 40% * 66,000,000 2003-2006 4.91% - *** 30,000,000 2002-2005 4.91% - * 758,000,000 2004-2014 5.18% - 49,869,370 2004-2005 4.78% 49,869,370 *** 53,700,000 1991-2005 5.76% 32,000,000 * 5,500,000 1994-2006 5.76% - * 13,000,000 2004-2007 4.94% - 8,805,069,370 316,869,370 82
2004 12 31 15 (2) 2004 12 31 1,397,380,111 1995-2011 5.95% 199,625,730 52,998,361 1996-2010 6.97% 10,200,786 3,723,659 2000-2005 LIBOR+1.1% 3,723,659 51,314,300 1999-2011 2.85% 33,106,000 1,037,872,146 1997-2011 5.95% 148,267,548 898,316,907 1995-2011 5.95% 128,330,983 1,062,069,199 1997-2011 6.54% 141,609,230 263,019,693 1997-2012 6.60% 32,877,461 675,709,168 1996-2012 6.60% 90,094,569 450,775,931 1999-2015 6.36% 42,870,731 549,864,301 1999-2015 LIBOR+0.075% 52,368,029 863,833,881 1994-2024 2.00% 57,532,015 7,306,877,657 940,606,741 16,111,947,027 1,257,476,111 * 2004 12 31 ** *** 2005 83
2004 12 31 15 (3) 2004 12 31 309,526,684 18,571,429 8.2765 153,706,428 1,547,638,457 0.0797 123,346,785 586,579,897 (285,761,435) 300,818,462 2004 12 31 2004 12 31 * 106,388,822 1998-2004 5.02% 40,000,000 183,670,000 2004-2005 4.94% 183,670,000 19,467,862 1997-2005 5.76% 19,467,862 309,526,684 243,137,862 153,706,428 1996-2011 LIBOR+0.43% 23,647,143 123,346,785 1996-2011 LIBOR+0.3% 18,976,430 277,053,213 42,623,573 586,579,897 285,761,435 * 2004 84
2004 12 31 16 2003 2004 12 31 12 31 4,250,000,000 2,125,000,000 2,125,000,000-8,500,000,000 4,250,000,000 2,125,000,000 2,125,000,000-8,500,000,000 4,250,000,000 2,125,000,000 2,125,000,000-8,500,000,000 250,000,000 125,000,000 125,000,000-500,000,000 1,527,671,200 763,835,600 763,835,600 41,040 3,055,383,440 1,777,671,200 888,835,600 888,835,600 41,040 3,555,383,440 6,027,671,200 3,013,835,600 3,013,835,600 41,040 12,055,383,440 19 2004 2003 6,027,671,200 10 5.0 5 3,013,835,600 2003 6,027,671,200 10 5 3 2 1,808,301,360 1,205,534,240 2004 6 5 15,000 513 20,520 2004 8 10 10,260 10,260 6,156 4,104 2004 10 21 ( (2004) 197 ) 85
2004 12 31 17 2003 12 31 2004 12 31 (1) 10,398,981,515 103,629 (1,808,301,360) (6,156) 8,590,777,628 4,247,846 - - 17,486,736 21,734,582 - - - 3,470,000 3,470,000 10,403,229,361 103,629 (1,808,301,360) 20,950,580 8,615,982,210 (1) 19 6,027,671,200 10 3 1,808,301,360 2004 6 5 15,000 513 20,520 2004 8 10 10,260 6,156 86
2004 12 31 18 2003 12 31 2,896,464,697 1,460,700,799 17,502,692 4,374,668,188 538,905,705 404,179,279 1,599,770 944,684,754 (1,205,538,344) (1,599,770) - (1,207,138,114) 2004 12 31 2,229,832,058 1,863,280,308 19,102,462 4,112,214,828 10% 50% 25% 2004 10% 538,905,705 2003 10% 545,714,255 5% 10% 2004 7.5% 404,179,279 2003 7.5% 409,285,691 2004 2003 19 6,027,671,200 10 2 1,205,534,240 2004 6 5 15,000 513 20,520 2004 8 10 10,260 4,104 87
2004 12 31 19 2004 2003 13,981,531,454 11,528,797,057 5,389,057,047 5,457,142,551 (538,905,705) (545,714,255) (404,179,279) (409,285,691) (3,013,835,600) (2,049,408,208) (3,013,845,860) - 12,399,822,057 13,981,531,454 2004 3 16 2003 2003 6,027,671,200 10 5.0 5 2003 6,027,671,200 10 5 3 2 2004 5 11 6,027,671,200 3,013,835,600 3,013,835,600 2004 6 5 15,000 513 20,520 2004 8 10 10,260 10,260 6,156 4,104 2005 3 15 2004 2004 12,055,383,440 10 2.5 3,013,845,860 88
2004 12 31 19 20 2004 2003 30,292,698,696 22,548,970,713 23,479,646,958 15,690,199,491 2004 2003 23,917,433,339 18,115,304,793 78.95% 77.15% 21 2004 2003 722,810,744 584,499,789 (43,091,888) (53,044,361) 93,849,334 630,164 (737,890) (154,820) 26,340,259 27,705,695 799,170,559 559,636,467 89
2004 12 31 22 2004 2003 11,322 906,302-9,213,072 383,037,279 211,829,167 23,078,308 585,342 (210,167,757) (88,648,197) 195,959,152 133,885,686 90
2004 12 31 23 2004 4 16 55% 60% 2004 7 1 2004 7 1 2004 7 1 668,769,636 1,805,891,050 2,474,660,686 3,952,604,713 3,934,979,971 7,887,584,684 160,012,200-160,012,200-18,028,710 18,028,710 1,951,125,978 1,104,310,130 3,055,436,108 1,644,775,497 3,055,920,086 4,700,695,583 1,185,485,074 1,598,669,515 2,784,154,589 1,185,485,074 940,953,087 2,126,438,161 36,257,779 1,042,799,331 1,079,057,110 (5,961,417) - (5,961,417) 1,215,781,436 1,983,752,418 3,199,533,854 (163,160,819) (496,013,314) (659,174,133) 1,052,620,617 1,487,739,104 2,540,359,721 91
2004 12 31 23 2004 12 31 2004 7 1 2004 12 31 6 1,114,331,289 1,444,816,267 2,559,147,556 (903,804,140) (1,009,018,769) (1,912,822,909) 210,527,149 435,797,498 646,324,647 166,006,281 269,714,079 435,720,360-4,858,447 4,858,447 166,006,281 274,572,526 440,578,807 24 2004 783,685,783 133,609,088 25,338,871 1,296,810,905 2,239,444,647 92
2004 12 31 1 (1) 2004 12 31 2003 12 31 2,407,402,978 2,005,023,640 (269,326) - 2,407,133,652 2,005,023,640 2004 12 31 2003 12 31 (%) (%) 1 2,394,810,528 99-2,001,327,640 100-1 2 6,203,191 - - - - - 2 3 - - - 3,696,000 - - 3 6,389,259 1 (269,326) - - - 2,407,402,978 100 (269,326) 2,005,023,640 100-2004 12 31 1,908,721,219 2003 12 31 1,636,534,781 79.29% 2003 12 31 81.62% 93
2004 12 31 1 (2) 2004 12 31 2003 12 31 153,647,924 116,142,277 (27,557,208) (28,652,566) 126,090,716 87,489,711 2004 12 31 2003 12 31 (%) (%) 1 80,738,203 53 (1,814,463) 65,168,643 56 (1,955,059) 1 2 19,491,130 13 (584,734) 7,931,460 7 (237,944) 2 3 8,496,078 5 (254,882) 9,896,662 8 (296,900) 3 44,922,513 29 (24,903,129) 33,145,512 29 (26,162,663) 153,647,924 100 (27,557,208) 116,142,277 100 (28,652,566) 2004 12 31 2003 12 31 11,142,227 10,272,586 5,790,247 8,566,762-19,067,120 12,086,529-20,256,116-13,414,304-90,958,501 78,235,809 153,647,924 116,142,277 94
2004 12 31 1 (2) 2004 12 31 37,899,319 2003 12 31 57,070,487 24.66% 2003 12 31 49.14% 2004 12 31 2003 12 31 5% 2 2003 2004 12 31 12 31 (1) 2,065,440,907 2,795,886,794 (345,780,844) 4,515,546,857 * 2,012,939,632 1,365,064,877 (179,091,542) 3,198,912,967 * 1,133,262,633 1,484,097,990 (210,167,757) 2,407,192,866 * 260,832,268 357,498 (46,200) 261,143,566 * 6 5,472,475,440 5,645,407,159 (735,086,343) 10,382,796,256 95
2004 12 31 2 (1) 2003 2004 2003 2004 2003 2004 2003 2004 12 31 12 31 12 31 12 31 12 31 12 31 12 31 12 31 60% 60% 474,038,793 474,038,793 180,400,332 5,742,461 186,142,793 654,439,12 660,181,586 75% 75% 507,206,560 469,706,560 228,945,075 22,770,612 251,715,687 736,151,63 721,422,247 63.64% 63.64% 417,544,226 341,176,226 35,950,457 3,933,222 39,883,679 453,494,68 381,059,905 63.64% 63.64% - 301,653,600 - - - 301,653,600 60% 60% 134,085,896 374,449,895 3,795,726 30,947,965 34,743,691 137,881,62 409,193,586 50 55% 55% 84,055,599 325,095,599 (581,757) (9,320,663) (9,902,420) 83,473,8 315,193,179 95% 95% - 140,100,000 - - - 140,100,000 75% 75% - 335,410,000 - - - 335,410,000-55% - 266,734,838-44,633,685 44,633,685 311,368,523-60% - 820,218,249-119,745,982 119,745,982 939,964,231 1,616,931,074 3,848,583,760 448,509,833 218,453,264 666,963,097 2,065,440,907 4,515,546,857 96
2004 12 31 3 2003 2004 12 31 12 31 * 470,662,956 (470,662,956) - 95,560 46,200 (83,060) 58,700 470,758,516 46,200 (470,746,016) 58,700 (470,746,016) (5,000) 12,500 53,700 * 1995 9 6.21% 2004 12 31 2004 1,437 2003 3,360 2004 97
2004 12 31 4 2004 2003 24,812,849,816 18,669,183,184 20,287,987,380 13,698,115,361 2004 2003 20,360,461,498 16,098,304,242 82.06% 79.35% 5 2004 2003 11,322 906,302 14,374,088 40,769,124-61,067 927,360,553 614,296,383 23,078,308 585,342 (210,167,757) (88,648,197) 754,656,514 567,970,021 98
2004 12 31 99 1 23 40 58 291 291
2004 12 31 2 2003 12 31 2004 12 31 20,000,000,000-20,000,000,000 450,000,000-450,000,000 761,838,300-761,838,300 632,840,000-632,840,000-894,410,000 894,410,000 265,000,000-265,000,000-474,000,000 474,000,000 10,000,000-10,000,000 80,000,000-80,000,000-100,000,000 100,000,000 560,000,000-560,000,000 900,000,000-900,000,000 3,000,000-3,000,000 100
2004 12 31 3 2003 12 31 2004 12 31 % % % * 1,675,660,547 51.98 - - 1,675,660,547 51.98 ** 2,554,840,000 42.39 2,642,840,000 0.73 5,197,680,000 43.12 457,102,980 60 - - 457,102,980 60 474,630,000 75 - - 474,630,000 75 - - 670,807,500 75 670,807,500 75 168,646,000 63.64 - - 168,646,000 63.64 - - 301,653,600 63.64 301,653,600 63.64 5,500,000 55 - - 5,500,000 55 48,000,000 60 - - 48,000,000 60 - - 95,000,000 95 95,000,000 95 308,000,000 55 - - 308,000,000 55 540,000,000 60 - - 540,000,000 60 *** 2,850,000 95-2,850,000 95 * 51.98% ** 70.09% *** 95% 4 101
2004 12 31 5 (a) 1994 6 30 2004 1.34 2003 2.15 2004 (b) 1999 1 1 133.4 (c) 2000 1 1 2,500 (d) 15(1) 15(3) (e) 2004 12 31 36.94 2003 12 31 11.30 4.54% 5.02% 2003 4.78% 5.05% 11 2004 87,739,224 2003 20,578,391 (f) 2004 12 31 39.37 37.98 1 2 5.45 1.25 2003 12 31 46.48 10.96 2.80 3,449 15 (g) 102
2004 12 31 5 (h) 2002 11 6 5 2004 45,864,600 2003 33,294,800 2,317,194 2003 6,839,017 11,678,300 2003 17,305,200 2004 3,888 2003 3,800 (i) 2004 21,494 2003 14,506 (j) 2004 5.63 2003 4.57 (k) 2004 1,635 2003 (l) 2004 2,556 2003 (m) 2004 12 31 3.6 2003 3 1 (n) 2004 4 16 40% 90% 19.49 55% 60% 25.64 2004 7 1 103
2004 12 31 6 2004 12 31 2003 12 31-1,362,960,901 2,791,770,168 2004 12 31 0.72% 1.44% 2003 12 31 0.72% 1.44% 2004 900 2003 1,400 7 2004 12 31 2003 12 31 5,000,000 1.13% - - 6,000,000 1.36% - - 2,317,194 0.79% 5,286,705 3.29% - - 575,120 0.36% 1,652,353 0.56% - - - - (14,484,416) 2.22% (6,959,110) 0.94% (11,434,522) 1.75% (3,799,628) 0.51% - - (1,258,799,490) 33.96% (87,507,580) 5.24% (399,060) 0.01% - - (117,461) - - - (189,963) 0.01% - - (1,960,863) 1.62% (1,418,954) 1.51% 104
2004 12 31 2004 12 31 305,250,000 305,250,000-30,000,000-740,000,000-660,000,000 305,250,000 1,735,250,000 2004 12 31 114.83 2003 12 31 120.7 2004 2005 2009 2004 12 31 2005 5,768,657,000 2006 5,941,717,000 2007 6,119,968,000 2008 2,801,770,000 2009 2,801,770,000 23,433,882,000 105
2004 12 31 2004 12 31 2003 12 31 1 1,334,000 32,334,000 1 2 1,334,000 7,334,000 2 3 1,334,000 7,334,000 3 54,694,000 299,028,000 58,696,000 346,030,000 1994 6 1994 6 29,874,000 30% 2004 29,079,725 2003 29,902,347 5,389,057,047 ( ) - (20,136,960) - (15,096,637) - (14,102,245) - (42,909,340) - 9,610,726 - (8,000,000) 16,218,661 5,314,641,252 106
2004 12 31 2004 10 26 60% 12.19 65% 8.06 2005 1 107
2004
2004 2004 2003 ( ) ( ) 5,389,057,047 5,457,142,551 (a) (142,097,658) (47,936,528) (b) (29,530,370) (26,258,956) (c) 51,808,950 12,681,881 (d) 21,920,778 - (h) 24,629,270 18,362,679 8,087,709 16,415,980 5,323,875,726 5,430,407,607 ( 1) (e) 278,026,106 335,105,000 (e) 48,116,489 13,109,950 (e) 110,524,198 112,635,862 40% 30% 5% 44.16% (f) 25,550,056 19,346,432 (b) (26,152,570) (26,152,570) (g) (87,090,760) (87,090,760) (c) 6,465,849 (5,478,423) (d) 81,959,114 54,639,409 (d) 17,370,302 17,370,302 (h) (46,977,168) (153,218,028) 8,652,855 25,434,219 ( 1) 5,740,320,197 5,736,109,000 109
2004 2004 2003 12 31 12 31 ( ) ( ) 37,183,402,535 34,787,100,203 (a) (1,129,597,780) (987,500,122) (b) 34,195,686 63,726,056 (c) 152,902,737 101,093,787 (d) 21,920,778 - (h) 32,197,616 7,568,346 (29,502,439) (16,633,837) 36,265,519,133 33,955,354,433 ( 1) (e) (2,007,383,464) 1,652,510,822 (e) (369,252,154) (417,368,643) (e) (775,591,630) (886,115,828) 40% 30% 5% 44.16% (f) (271,166,938) (296,716,994) (g) 862,922,874 862,922,874 (g) (348,363,520) (261,272,760) (c) (87,424,480) (93,890,329) (d) 136,598,523 54,639,409 (d) 34,740,604 17,370,302 (h) 587,509,923 233,746,569 - (8,652,855) ( 1) 34,028,108,871 34,812,527,000 1 (e) 110
2004 (a) 1% (b) (c) 23 (d) 3 2004 3 31 2004 3 31 20 111
2004 142 112
2004 (e) 100% 10 100% i) 2002 7 70% ii) 2003 10 55% 60% iii) 2004 7 / 60 55 90% i) ii) iii), 113
2004 (f) 44.16% 30% 5% 40% 2002 2004 i) 2002 7 44.16 ii) 2002 12 30 5% iii) 2004 7 40 i) ii) iii) 114
(g) 33.09% 33.09% 66.91% 33.09% (h) 115
2004 / 12 31 20.74 21.59 0.64 0.64 17.30 18.01 0.53 0.53 14.49 15.08 0.45 0.45 14.29 14.88 0.44 0.44 116
2003 12 31 2004 12 31 53,885,032 28,652,566 396,767,767 7,800,326 (51,442,080) (8,626,358) 399,210,719 27,826,534 - - 379,277,267 269,326 (29,174,605) - 350,102,662 269,326 53,885,032 28,652,566 17,490,500 7,531,000 (22,267,475) (8,626,358) 49,108,057 27,557,208 - - - - - - - - - - - - - - - - - - - - - - - - 13,621,461 9,689,585 14,041,426 1,817,964 (10,982,650) (137,704) 16,680,237 11,369,845 13,621,461 9,689,585 14,041,426 1,817,964 (10,982,650) (137,704) 16,680,237 11,369,845 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 117
2004 12 31 2003 12 31 30% 2004 12 31 5% 5% 10% 10% 2004 12 31 2003 12 31 % (1) 2,510,859,390 4,433,604,438 (1,922,745,048) -43.37% (2) 1,242,671,845 447,200,000 795,471,845 177.88% (2) 3,730,431,156 2,356,825,998 1,373,605,158 58.28% (3) 1,431,403,605 808,159,276 623,244,329 77.12% (4) 5,886,238,518 3,407,034,531 2,479,203,987 72.77% (4) 1,331,850,487 392,105,037 939,745,450 239.67% (5) 80,562,305,102 60,731,810,047 19,830,495,055 32.65% (5) (33,246,132,232) (22,330,922,497) (10,915,209,735) 48.88% (5) 47,319,172,870 38,400,887,550 8,918,285,320 23.22% (6) 3,876,065,407 1,111,654,804 2,764,410,603 248.68% (6) 5,128,225,240 3,090,960,181 2,037,265,059 65.91% (7) 8,099,000,000 1,600,000,000 6,499,000,000 406.19% (8) 3,706,812,746 1,670,941,617 2,035,871,129 121.84% (7) 1,543,237,546 3,041,501,169 (1,498,263,623) -49.26% (6) 15,955,289,378 9,153,604,209 6,801,685,169 74.31% (9) 2,573,400,216 1,089,686,841 1,483,713,375 136.16% (10) 12,055,383,440 6,027,671,200 6,027,712,240 100.00% (1) 2004 55 60 40 2004 (2) 2004 2004 (3) 2003 2004 2004 (4) 2004 40 (5) 2004 (6) 2004 118
(7) 2004 (8) 2004 (9) 2004 (10) 6,027,671,200 1,808,301,360 1,205,534,240 3,013,835,600 2004 6 5 15,000 513 20,520 2004 8 10 10,260 10,260 6,156 4,104 119
2004 12 31 2004 2003 30,118,278 23,388,237 (15,068,188) (9,025,013) (807,689) (921,561) (4,706,992) (4,117,478) (1,877,264) (1,439,673) (133,609) (214,723) (606,346) (596,627) (23,200,088) (16,315,075) 6,918,190 7,073,162 43,092 53,044 (663,424) (569,148) (119,452) (28,181) (739,784) (544,285) 377,565 212,091 22,542 - (1,988) 10,705 18,666 12,070 6,595,191 6,763,743 (1,014,262) (1,149,441) 5,580,929 5,614,302 (257,053) (183,894) 5,323,876 5,430,408 120
2005 3 15 121