[] Fuyao Glass Industry Group Co., Ltd. [] [] [] [] H[] [] [] H [] [] H [] [] H [] 1% % 0.005% H1.00 [] [] [] [] [] [] 342C [] [] [][] [][ ][] [

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Transcription:

Fuyao Glass Industry Group Co., Ltd. (a) (b) (c) (d) (e) (f) (g) (h) (i) 1933 (j) (k) 32

[] Fuyao Glass Industry Group Co., Ltd. [] [] [] [] H[] [] [] H [] [] H [] [] H [] 1% 0.0027% 0.005% H1.00 [] [] [] [] [] [] 342C [] [] [][] [][ ][] [] [] [] [][][][][] [] [][][][][] [][][][][][] []www.hkexnews. hkwww.fuyaogroup.com[] [][] [] [][] H [] [] [] (i) 144A(ii)S 2015

(1) [] i

(1) [] ii

(1) [] iii

[] [] [] [] [] [] [][] [] [] [] [][] [] [ ] [] [] [] [] [ ]www.fuyaogroup.com [].... i... iv... 1... 18.... 35.... 37 iv

.... 39... 61 [] []... 69 []... 73.... 79.... 82... 94... 107... 117.... 157.... 160.... 173... 177.... 182 []... 229... 231 []... 240 []... 250 v

... I-1..................................... II-1... III-1... IV-1... V-1.... VI-1.... VII-1 vi

[] [] [][] [][] [] 2013 2013 63% 72%20% 201322.2% 812 1

201220132014 32.6% 32.0% 33.5% 130,000 4.0 2015 2 8.12016 12.1 2015 12 2014 8 201220132014 10,247.411,501.212,928.2 1,524.11,916.7 2,216.8 2

3

12 31 2012 2013 2014 % % % 9,514.8 92.9% 10,912.0 94.9% 12,439.4 96.2% 2,271.8 22.2 2,238.9 19.5 2,129.7 16.5 (1) 342.2 3.3 429.5 3.7 487.0 3.8 (2) (1,881.4) (18.4) (2,079.2) (18.1) (2,127.9) (16.5) 10,247.4 100.0% 11,501.2 100.0% 12,928.2 100.0% (1) (2) 12 31 2012 2013 2014 (1) 92.0 96.6 110.3 75.1 86.0 94.4 (%) (2) 81.6 89.0 85.6 131.1 132.5 136.8 (1) 1,150 1,014 1,058.2 1,089 954 885.1 (%) (2) 94.7 94.1 83.6 (3) 1,207.4 1,332.0 1,146.6 (1) (2) (3) 2014 4

69 12 31 2012 2013 2014 % % % 6,911.4 67.4% 7,823.3 68.0% 8,597.9 66.5% (1) 3,336.0 32.6 3,677.9 32.0 4,330.3 33.5 10,247.4 100.0% 11,501.2 100.0% 12,928.2 100.0% (1) 2014 12 3138435034 201220132014 15.8% 16.3% 17.1%6.5% 6.2% 6.4% PVB 201220132014 83.3% 86.6% 76.0% 5

201220132014 15.4% 15.8% 17.4%4.0% 4.4% 4.8% 201220132014 12 31 201220132014 12 31[] [] [] 182 12 31 2012 2013 2014 10,247.4 11,501.2 12,928.2 (6,419.9) (6,830.5) (7,565.5) 3,827.5 4,670.7 5,362.7 (778.6) (876.8) (982.2) (762.5) (907.6) (1,031.3) (236.5) (388.8) (517.9) 62.9 54.3 46.0 (48.3) 0.2 (43.1) 2,064.5 2,552.0 2,834.2 2.2 3.1 14.4 (226.2) (202.3) (241.3) (224.0) (199.2) (226.9) 21.6 25.8 31.0 1,862.1 2,378.6 2,638.3 (338.0) (461.9) (421.5) 1,524.1 1,916.7 2,216.8 1,524.2 1,917.1 2,219.2 (0.1) (0.4) (2.4) 6

12 31 2012 2013 2014 8,095.0 8,670.8 10,260.6 5,065.4 6,012.3 6,630.3 5,160.2 5,580.6 6,450.8 1,008.7 1,240.9 1,622.2 6,168.9 6,821.5 8,073.0 (94.8) 431.7 179.5 6,991.5 7,861.6 8,817.9 13,160.4 14,683.1 16,890.9 8,000.2 9,102.5 10,440.2 12 31 2012 2013 2014 2,426.5 2,817.0 3,130.6 (1,382.5) (1,416.9) (2,611.9) (1,364.2) (1,395.5) (502.8) 807.5 487.3 491.9 (8.4) 487.3 491.9 499.4 (1.4) (0.3) 487.3 490.5 499.1 7

12 31 2012 2013 2014 (1) 5.8% 12.2% 12.4% (2) 0.8% 25.8% 15.7% (3) 37.4% 40.6% 41.5% (4) 20.4% 22.4% 22.3% (5) 14.9% 16.7% 17.1% (6) 9.23 12.76 11.93 (7) 21.8% 24.4% 25.1% (8) 11.6% 13.1% 13.1% (1) 1100% (2) 1100% (3) 100% (4) 100% (5) 100% (6) (7) 100% (8) 100% 12 31 2012 2013 2014 (1) 0.98 1.08 1.03 (2) 0.61 0.74 0.69 (3) 0.57 0.49 0.52 (4) 0.50 0.42 0.46 (1) (2) (3) (4) [] 182 8

2014 12 31[] 2014 12 31[] 2014 12 31 201220132014 1%201220132014 12 31 2,014.3415.1 3,840.6 711.4 4,242.1468.5 3.15% 4.85% 2.77% 20122013 2014 12 311.004.85281.00 5.39851.009.0536 4.02014110.3 3.6% 2015 2 9

201220132014 12 31 85093.9 2014 12 31 201327% 20152.89 201220132014 567.9117.0 1,620.4 300.2 677.074.8 201220132014 12 311.00 4.85281.005.39851.009.0536 2015 271.131.9 10

1996 10 2006 9 2001 8 2014 3 50% 11

(a) (b) (c) (d) [] H 1% 12

[] [] [] [] [] H (2) [] [] (3) [] [] (1) [] (2) [][] H (3) [] [] [][] [] [] [][] [] [][] [] [] 2015 32 A 13

20% 20122013 20141,001.51,001.51,502.2 A0.5 0.5 0.75A 65.7% 52.3% 67.8% 2015 [5 10 ]A2014 1,502.2 [] 225 2,002,986,3322,002,986,332 A 21.83%(i)0.02% (ii) 19.50% 0.6%(iii) A 1.71% 14.48% [][] []% A(i) []% (ii) []%[]%(iii) A []% []% A 2012 11 19[] 157 2014 12 16 25% 14

25% 6 [] 175 2002 2 8 [] 176 12 237 13.13 13.19 A 13.10B HA [] [] []H [] [] [] [][] []% [][] 12.1 2015 12 15

[]% [][] 450,000 20162017 []% [][] 12.1 2015 22016 []% [][] []% [][] 3% 6%2015 [] [] [] [][] [][][] [] [] [][] [][] [] [][] [][] [] 16

[] [] 2014 12 31 [] (i)(ii) (iii) [] [] 39 AH HA [] 117 17

[] A 1.00 [] [] [] 2014 3 3 2003 4 8 2014 5 14 51% 49% 18

2006 11 27 CAAM 2004 1 18 2012 12 21 [] 19

2010 6 25 2004 3 11 2009 4 1 [] 622 32 20

[] 1996 10 10 2012 3 22 1994 7 1 A Fuyao Asset Management A, LLC.2013 11 22 C Fuyao Asset Management C, LLC.2014 8 6 21

2006 8 15 24% 25% 51% 2000 9 25 2002 7 2 2006 8 15 2007 6 26 2014 3 18 Fuyao Glass Illinois, Inc.2014 8 6 2010 1 15 22

1994 12 6 2007 11 23 2008 7 1 2007 9 5 2001 8 22 2010 4 23 2012 6 27 2003 8 19 2003 10 9 23

2012 11 29 2013 5 24 [] [] [] [] 2006 6 8 2005 11 1 [] [] H 1.00 24

2003 7 16 2010 6 7 1995 7 27 [] [] [] 25

[] [] [] [] [] [] IHS IHS Inc. [] [] [] [] [] [] 26

[] [] [] [] [] [] (UBS Securities Hong Kong Limited) [][] H H[ ] 2013 9 5 27

1994 3 13 1994 8 27 Meadland Meadland Limited1998 12 16 28

2008 7 28 49% 51% 2008 6 25 [] [] [] [] [] [] 29

PPG PPG Industries, Inc.1883 PPG 2013 12 28 2014 3 1 2007 3 16 2008 1 1 2006 2 15 [] [] [] [] 144A S S 144A 144A 30

1995 7 27 [] 571 2007 3 7 2007 11 22 2002 4 15 31

1.00AH [] [] 201220132014 12 31 2005 12 20 49% 51% [] [] [] 32

[] [] 1933 [] [] [] [] 2013 7 8 2012 7 5 51% 49% 2013 6 26 1992 5 30 0.01% 99.99% 33

1993 5 13 2011 4 27 34

[] 3C 4S (Sale)(Spare part) (Service)(Survey) ARG DOT ECE DOT ECE JAS KS IATF ISO ISO-9001 ISO-9000 35

ISO-9002 ISO-9000 ISO-9002 JAS KS OEM PVB PVB QS-9000 1994 SAA TS16949 IATFISO 9001 ISOISO VDA6.1 (VDA)ISO-9001 QS-9000 36

[] [] [] [] [] 37

[][] [] 38

H [] H 20082010 39

[]45% [] 35% 40

2014 3 50% 41

201220132014 12 31224245 254132123129 201220132014 61.2% 63.1% 62.6% 19.4% 19.5% 20.3% 42

43

44

(i)(ii) 45

201220132014 32.6% 32.0% 33.5% 2014 47.2% 43.9% 46

205 47

201220132014 77.779.980.6 2014 12 31 368158 48

49

[][] []% 50

2008 1 12008 9 18 51

15% 25% 20122013201462.9 54.346.0 40 112 52

[] [] 53

30 2008 GDP20119.3%20127.8%20137.7% 20 54

2006 7 14 2008 8 1 H H 20% 10% 10% H 10% 10% H H 55

H H [] 56

2005 7 21 2012 4 1.0% 2014 3 2.0% H H H [][] H1N1H5N1H7N9 H3N2 57

[] HHH []HH [][] [][] [] HH[] H [] [] H H H H H H H H []H[]H [] H H [ 58

] []H [][]H [] H [] H HHH AH A1993 6[] A HHA HAHA HA AHA HH A 2012201320141,001.51,001.5 1,502.2 [] [] [] [] [] 59

[] [][] [] H A A A []H H[] []H [] 60

[] 14A [] 19A.158.12 8.1219A.15 8.1219A.15 (a) (b) (c) 61

(d) 8.1219A.15 (e) (d) (f) (e) 62

(i) (ii) 3A.1919A.05 13.46 63

8.173.28 2012 102014 10 30 3.288.17 2014 10 30 3.288.17 3.28 (a) 3.28 (b) 3.28 (c) 2014 10 30 (d) 64

(e) 3.29 15 (f) 3.28 3.288.17 (g) 3A.1919A.05 13.46 3.28 8.17 3.288.17 3.28 AH 10.04 5(2) A A 65

10.045(2) A [] H (i) []A 2.0% (ii) (iii) [] 184.2 [] 66

[] 13.46 13.49(1) [] 2014 12 31 [] [] 67

13.46(2) 13.49(1) 2014 12 31 13.46(2) 13.49(1) 68

[ ] [ ] [] 69

[ ] [ ] [] 70

[ ] [ ] [] 71

[ ] [ ] [] 72

[ ] A1 A1 357 1 1501 86 3 1203 8 502 4288 111 73

[ ] 258 2 9 C 618 15 801 422 25 37 [ ] [] 52 4-203 [ ] [] 298 3 601 2015 3 10 74

[ ] [] 48 842 [] 75

[ ] [] 76

[ ] [] 8 18 20004 555 1000 99 Bishopsgate London EC2M 3XF United Kingdom 152 25 77

[ ] [] 9 28 126 100022 22 1515 2308-09 200040 28 19 [] 78

200 1907 www.fuyaogroup.com [] 86 3 1203 FCS (PE), FCIS 183 54 79

H [] 7 142 137 21 22 80

233 6801 208 2202-03 81

[] 20092018 1.23 2014 12 310.49 1967 (i) (ii) (iii) (iv) [] [] [] [] 82

83 200966.0201385.3 6.6%201320184.2% 2018105 200961.7201387.69.2%2013 20184.1%2018 10720122013 2012 12.3% 11.6% 6.7% 5.4% 4.9% 4.0% 3.5% 2.9% 2.8% 2.6% 2.4% 18.1% 22.8% 2013 25.2% 12.7% 10.7% 6.5% 5.1% 4.5% 4.2% 3.5% 2.7% 2.8% 2.4% 2.4% 17.3% IHS 20122013 2012 11.7% 11.0% 9.5% 9.0% 8.5% 6.6% 5.3% 4.9% 3.3% 3.6% 26.6% 2013 11.5% 10.9% 9.3% 8.9% 8.4% 7.0% 5.2% 4.9% 3.1% 3.4% 27.4% IHS

20092009 13.6201322.012.7%20132018 7.4%201831.4 4,000 3,000 2,000 1,000 0 1,364 526 838 2009 1,807 1,850 1,931 680 629 607 1,127 1,221 1,324 2,198 2,394 621 634 2,600 2,769 651 670 2,948 3,143 688 704 20092013= 12.7% 20132018 = 7.4% 1,577 1,760 1,949 2,099 2,260 2,439 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E GDP 2009 33.5 2013 56.9 2009 17,1752013 26,955 11.9%20092013 GDP 9.2%7.0% 4.1% 2009 46.6%201353.7%2015202054% 60% 200965,100 201398,460 10.9%45 67 89 180 2013 20% 20099% 80%60% 40% 84

2009 20092012 20082009 2942013415 9.0% 20132018 4.9%2018 528 6 4 2 2.94 0.69 2.25 3.56 3.73 0.71 0.74 3.96 4.15 4.22 0.76 0.84 0.87 2.85 2.99 3.20 3.31 3.35 3.54 3.80 4.02 4.23 4.44 4.73 0.93 0.90 4.99 5.28 0.97 1.05 20092013= 9.0% 20132018 = 4.9% 0 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2009201310.1% 2013331 79.8% 20132018 5.0%2018 42320092013 5.0%201384 201320184.6% 2018 105 20091072013142 7.6% 200936.30 201034.10 20082010 34 85

2013 77% 16% 5% 5% 13% 22% 20% 19% 25 20 17% 18% 18% 20% 15 14% 10 5 0 2009 2010 2011 2012 2013 201320% 2013 94.9%Asahi Glass Co., Ltd.Nippon Sheet Glass Co., Ltd.23% 48% 5% 2013 22.2%3.5% 86

1.4% (electrically-switchable smart glass) (water-repellent glass)(hud) 4 40 60 70 200 100 150300 CCCDOTECE JASINMETRO 87

200960.1 201396.5 12.6%20132018 9.3%2018 150.6 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 6,005 542 5,463 2009 7,939 8,141 8,612 648 748 859 7,291 7,393 7,753 10,715 9,645 1,134 997 11,800 1,277 12,850 1,425 13,939 1,575 20092013 = 12.6% 20132018 = 9.3% 15,061 1,734 8,648 9,581 10,523 11,425 12,364 13,327 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2009201312.2% 2013 86.5 90%20132018 9.0% 20092013 16.5%2013 10.020132018 11.7% 2018 17.3 20092013 13.2%2013115 13.1% (i)(ii) (iii) (iv) 2009201312.4% 2013135 88

Jilin Fuyao AGC NSG Saint Gobain Xinyi Shanghai Yaopi Beijing Tianjin Anhui Guangxi Henan Sichuan Jilin Liaoning Shandong Shanghai Hubei Guangdong Chongqing 2009 116.42010 115.6 2008 11.4%200914.5% 89

2011 117.7 2013 119.0 89% 2013 95% 2013 3% 4% 7% 2% 9% 63% 12% (%) 65 60 57% 60% 61% 63% 55 50 51% 45 40 2009 2010 2011 2012 2013 2013 66% 74% 72% 11% 9% 90

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 PVB 35% 40% 2010 40% 20144 10 15 100 180 160 140 120 100 100 169 140 164 126 104 123 124 97 99 80 60 40 2009 1 2009 7 2010 1 2010 7 2011 1 2011 7 2012 1 2012 7 2013 1 2013 7 2014 1 2014 7 2014 12 2013 102015 201004 75% 91

10020% 2013 36% 13% 13% 13% 7% 6% PVB20% 25%10% 15%PVB50 60 PVB 3% PVBPVB PVB PVB PVB 36 4.0 36 3.0 2.0 1.0 0.0 2009 1 2009 7 2010 1 2010 7 2011 1 2011 7 2012 1 2012 7 2013 1 2013 7 2013 12 EMIS 20094,780 20138,05013.9%20132018 3.1% 2018 9,3902013 5,620 70% 2013 30 21% 201313% 8% 92

93 20096.9201313.4 18.0%201352% 201450 2013201450%2014 320132018 2.6%2018 15.220182021 4.8%202117.420092013 14.8%22.2% 201373% 2013330 2.3% 0 40 50 60 70 80 90 100 120 110 101 87 103 96 110 84 76 78 42 59 97 2014 1 2014 7 2014 12 2013 7 2013 1 2012 7 2010 7 2010 1 2009 7 2009 1 2012 1 2011 7 2011 1 2013 12 31 201349% Salavatsteklo 25%201311% 2013 27%Sisecam

5% 94

10 12 10 95

10 2010 20 20% 2009 5 1 1,0001 2014 32014 10 6 2009 5 3 96

10 1 20 1 10 97

(a) (b) (c)(d) 25% 25% 10% 10% 98

2008 1 1 5 25% 15% 17% 2012 2013 6% 17% 3% 20% 1% 5% 7% 99

(Licensing of Certain Types of Activities) (i) (ii) 100

90 18 (On Technical Regulation) (On Environmental Protection) 101

632344 (i)(ii) (iii) (On Ecological Expert Examination) 1112 (Federal Service for the Supervision of the Use of Natural Resources)(Federal Agency on Subsoil Use) (Federal Agency on Water Resources) (Ministry of Natural Resources and Ecology) 20 90 102

1,000,000 0% 1966 205 103

(i) (ii) (iii) (iv) CERCLA RCRA RCRA MACT 104

2010 PSD PSD 75,000 100,000 2009 10 25,000 105

(i) (ii)(iii) 2015 2 26 106

1987 6 20 6,270,000 1983 1,567,50025%627,000 10% 1990 3 15% 1991 2 1992 6 21 57,190,00057,190,000 11.13% 1993 6 10 1996 24.89% 1996 17.28%1996 2 42.17% 16.65% 107

1999 514 42.17%1016.65% 100% 58.82% A 2010 6 201012520,000,000 2011 4 11 300,000,000 A 240,089,084 A59,910,916 A 14.98% 35.08%20.1% 108

1987 6 1989 5 1989 7 1991 9 TCG International Inc. Trans Canada Glass 1992 6 1993 6 A 19931994 1994 7 1996 1994 12 2000 9 2002 10 Hyundai Mobis (Hong Kong) Company 109

2005 5 Audi AG Ingolstadt C6 20062008 2009 5 2009 12 2011 6 2012 7 500 2010 2012 11 2013 92014 8 2014 79 PPGMt. Zion 46 4 110

1994 7 1 1996 1 535.1 2000 9 25 2002 1300.0 2002 7 2 2005 180.0 2002 4 15 2003 7 68,048,800 2003 4 8 2007 855.2 2006 6 8 2007 1075.0 2007 11 23 2009 3 43.0 111

2014 7 17 PPGPPG Mt. Zion CVD 12008 2 2014 8 29PPG PPG 2015 8 31 1 2PPG 130,800 56 PPG 2029 12 31 PPG PPG PPG(i)6 (ii)1% 1 212 200 [] 112

113 (3) (4) (6) (5) Meadland 100% 100% 100% 100% 100% 100% 100% 75% 75% 75% 75% 75% 75% 80% 75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 80% 75% 75% 75% 80% 75% 75% 49% 49% 24% 100% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 20% 100% 51% 25% 20% 8.31% 16.69% 25% 25% 25% 25% 100% 20% 100% 100% 100% 100% 100% 100% 25% A 100% 100% 25% 25% 25% 25% 25% (7) (2) 51% 100% C 100% 100% 19.50% 0.02% 0.60% 1.71% 63.69% 14.48% 100% 100% 100% 0.01% 99.99% A (1) (1) 1

(1) A (2) 49% (3) 2013 8 1 2014 9 92017 4 30 75% 75% 25% 390 (4) 49% (5) 51% 49% (6) 51% 49% (7) 51% 25% 24% [][] 114

115 (3) (4) (6) (5) Meadland 100% 100% 100% 100% 100% 100% 100% 75% 75% 75% 75% 75% 75% 80% 75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 80% 75% 75% 75% 80% 75% 75% 49% 49% 24% 100% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 20% 100% 51% 25% 20% 8.31% 16.69% 25% 25% 25% 25% 100% 20% 100% 100% 100% 100% 100% 100% 25% A 100% 100% 25% 25% 25% 25% 25% (7) (2) 51% 100% C 100% 100% (1) H 1 % 100% 100% 100% 0.01% 99.99% A (1) % % % % % %

(1) A (2) 49% (3) 2013 8 1 2014 9 9 2017 4 30 75% 75% 25% 390 (4) 49% (5) 51% 49% (6) 51% 49% (7) 51% 25% 24% A A A H A H AHAH 180 380 H AA 380 A 116

2013 2013 63% 72% 20% 201322.2% 812 201220132014 32.6% 32.0% 33.5% 130,000 4.0 2015 2 8.12016 117

12.1 2015 12 2014 8 201220132014 10,247.411,501.212,928.2 1,524.11,916.7 2,216.8 19932009 ' ' 2008 201352009 118

2013 2013 63% 72% 20%201322.2% 94.8% 200960.1 201396.5 12.6% 294 415 9.0% 201396.52018150.6 9.3%415528 4.9% 8 12 119

130,000 4.0 2015 28.1 2016 2015 12 201220132014 32.6% 32.0% 33.5% 201220132014 83.3% 86.6% 76.0% 2014 10 201590% 120

2014 8PPG 812 2012 2013201437.4% 40.6% 41.5% 121

20112013 2012 7085 2014 12 3118213 24 2014 12 31 368158 122

20062012 201220132014 236.5388.8517.9 20 1987 15 1993 2009 2010 123

20132018 7.4% 9.3% 2015 2 2016 2015 12 2014 8PPG 124

125

12 31 2012 2013 2014 % % % 9,514.8 92.9% 10,912.0 94.9% 12,439.4 96.2% 2,271.8 22.2 2,238.9 19.5 2,129.7 16.5 (1) 342.2 3.3 429.5 3.7 487.0 3.8 (2) (1,881.4) (18.4) (2,079.2) (18.1) (2,127.9) (16.5) 10,247.4 100.0% 11,501.2 100.0% 12,928.2 100.0% (1) (2) PVB PVB 126

PVB PVB PVB (i) (ii)(iii) (iv)(v) 127

128 2013 36% 1.65 2.3

1,166,57312 130,000 4.0 2015 28.1 2016 2002014 12 31 116 12 31 2012 2013 2014 (1) 92.0 96.6 110.3 75.1 86.0 94.4 (2) (%) 81.6 89.0 85.6 (1) (2) 129

(3) 12 31 2012 2013 2014 (1) 24.7 23.1 27.1 19.1 21.1 21.1 (2) (%) 77.5 91.3 77.9 (3) (1) 23.5 28.6 33.1 20.3 24.9 28.3 (2) (%) 86.4 87.1 85.5 (3) (1) 29.6 30.7 35.0 24.3 27.8 30.9 (2) (%) 82.1 90.6 88.3 (3) (1) 14.2 14.2 15.1 11.4 12.2 14.1 (2) (%) 80.3 85.9 93.4 (1) (2) (3) 2013 201277.5%201391.3% 201477.9% 201282.1%201390.6% 201280.3%201385.9%201493.4% 130

2014 106.0 2015 3 12.1 2015 12 735,000 12 31 2012 2013 2014 (1) 1,150 1,014 1,058.2 1,089 954 885.1 (2) (%) 94.7 94.1 83.6 (3) (1) (2) (3) 2014 12 31 2012 2013 2014 (3) (1) 395 199 230 370 187 168 (2) (%) 93.7 94.0 73.0 (3) (1) 474 474 500 447 440 439 131

12 31 2012 2013 2014 (2) (%) 94.3 92.8 87.8 (3) (1) 281 341 328 272 327 278 (2) (%) 96.8 95.9 84.8 (1) (2) (3) 450,000 2016 2017 2014 856 150,0002015 150,0002016 2016 6 2014 12 31 522 132

69 201220132014 15.8% 16.3% 17.1% 6.5% 6.2% 6.4% 2013 5% 12 31 2012 2013 2014 % % % 6,911.4 67.4% 7,823.3 68.0% 8,597.9 66.5% (1) 3,336.0 32.6 3,677.9 32.0 4,330.3 33.5 10,247.4 100.0% 11,501.2 100.0% 12,928.2 100.0% (1) 133

12 31 2012 2013 2014 % % % 5,829.2 61.2% 6,889.8 63.1% 7,792.4 62.6% 1,843.8 19.4 2,125.1 19.5 2,528.7 20.3 371.1 3.9 367.9 3.4 369.6 3.0 1,470.7 15.5 1,529.2 14.0 1,748.7 14.1 9,514.8 100.0% 10,912.0 100.0% 12,439.4 100.0% 201220132014 12 31224245 254 201220132014 5,829.26,889.8 7,792.4434 648756 10 15 2 134

201220132014 12 31132123129 20 2012201320141,843.8 2,125.12,528.7 109162236 201220132014 12 3111798 91 4S201220132014 371.1367.9369.6 3.9% 3.4% 3.0% 135

201220132014 12 31 149152 151 Mygran Glass Belron US 201220132014 1,470.71,529.2 1,748.715.5% 14.0% 14.1% 136

201220132014 131.1 132.5 136.8 201220132014 1,207.4 1,332.01,146.6 3012090 2014 12 31 141120 21 2014 12 31384350 34 137

PVB 201220132014 83.3% 86.6% 76.0% PVB PVB ISO/ TS16949 3090 180360 138

201220132014 12 312,3622,1312,192 201220132014 15.4% 15.8% 17.4% 4.0% 4.4% 4.8% 5% 20062012 2013 139

2014 12 3118213 24 2014 12 31182 109 73 20 7085 2009 12 200,000 2010 3 2012 5 2013 4 80,0002013 42015 3 2015 3 201220132014 236.5 388.8517.92.3% 3.4% 4.0% 140

1996ERPERP 201220132014109102 9820.89.6 12.2 2012 20132014344.5 399.7456.3 ISO-9002 QS-9000 ISO/TS16949ISO/TS16949IATF IATF GOST OEM ISO/TS16949 OEM 141

2014 12 31347 2012 11 2015 11 7085 2012 2013 201432.6% 32.0% 33.5% 130,000 4.0 2015 28.1 2016 12.1 2015 12 2014 8 142

ERP 201220132014 1%201220132014 12 31 2,014.3415.1 3,840.6 711.4 4,242.1468.5 3.15% 4.85% 2.77% 20122013 2014 12 311.004.85281.00 5.39851.009.0536 4.02014110.3 3.6% 143

2015 2 201220132014 12 31 85093.9 2014 12 31 201327% 20152.89 201220132014 567.9117.0 1,620.4 144

300.2 677.074.8 201220132014 12 311.00 4.85281.005.39851.009.0536 2015 271.131.9 1996 10 2006 9 2001 8 2013 2013 63% 72%20% 145

2013 77% 89% 2014 12 31368158 2014 12 31113 2682014 12 31 2897 www.fuyaogroup.com 2006 Saint-Gobain Glass France 2014 8PPG 2014 8PPG PPG PPG(i)6.0 (ii) 12 1% 146

201220132014 12 31 17,87119,33421,15721,155 16,142 76.4% 276 1.3 2,563 12.0 197 0.9 761 3.6 1,216 5.7 21,155 100.0% 201220132014 153.3201.7229.3 147

2014 12 3180.0% 148

(i)(ii)(iii) (iv)(v) ISO14001 (i) (ii)(iii) (v) 201220132014 4.7 15.720.5 2013201445.659.2 (i) (ii)(iii) (iv) 149

GB/T28001 50 2011 300A 20082013 2009 2014 2 2012 150

5.01(2) 15% [] 5342(1)(b) 34(2) 4,395,759.6 40129,986.0 446.6 59,221.25 2012 7Kaluga Region Development Corporation OJSCKRKOKRKO KRKO 112 1,747,059.9239.2 82,051.3 2,992,772.0 1,428,481.43109 151

288.4 0.01% 1.5 318,578.4 18.2% 20145.3 337.3 131,517.4 726,830.2 152

153

IAP(CERM) 2014 3 50% 154

(a) (b) (c) (d) 155

[] H 1% 156

[]14A 14A 14A 38 [] 1. 20122013 2015 12 14A.35 2014 12 31 31 17.5 13.1 17.3 17.3 157

2012 11 19 III 131,517.36 126,587.36 4,930 2013 1 12015 12 31 1.430 201220132014 12 31 13.117.317.3 17.32013 2012 2015 12 3117.5 158

0.1%5% 14A (i) (ii) 14A.105 159

1 2 68 1987 6 21 2014 11 27 1 2 44 1989 11 1 2014 11 27 63 1995 11 1 2014 11 27 44 1994 2 1 2014 11 27 160

58 2000 4 23 2014 11 27 56 2011 11 24 2014 11 27 51 2011 11 24 2014 11 27 59 2013 10 11 (3) 2014 11 27 36 2013 10 11 2014 11 27 161

78 1991 1 1 2014 11 27 (5) 67 2015 3 10 2015 3 10 (5) 69 2015 3 10 2015 3 10 (2) 57 1988 7 1 2014 11 27 48 1989 7 22 2014 11 27 43 2003 10 8 2014 11 27 48 2014 11 29 (4) 2014 11 27 (1) (2) (3) 2005 112006 9 (4) 1989 72003 12007 122008 3 (5) 2015 3 10 162

1999 8 1994 121999 81988 5 1994 121987 62003 91976 1987 6 1998 8 2006 9 2001 82009 122001 1 2009 12Greenville Glass Industries Inc. 1996 72000 121994 3 1996 61992 61994 21989 112005 12(Baker College) 2012 12 2006 12 1999 8 1995 11 1999 82001 71998 61999 8 1996 121998 6 1995 111996 12 163

2003 2 2012 10 2014 10 30 2002 22002 12 1999 82002 12003 12014 111994 10 1998 61994 21991 61999 6 1996 122012 12 2005 122000 42005 12 2001 122012 11 1999 92003 41996 5 1999 91994 91995 7 1991 51996 4MBA 1986 5(Dalhousie University) 1992 12 2011 11 50 2008 72010 12 2003 62008 5 1982 51992 6 (Pace University) 2013 9 164

2011 112014 1 2012 12006 3 2013 12 2013 12013 12 2008 42012 12 2006 32008 3 2004 42005 4 2003 82004 4 2001 82003 7 1999 1 2001 8 1993 122005 1 2013 10 2005 11 2006 92008 12012 22006 92007 12NeoTek China 2009 62011 11 Autoliv Inc. 2004 32005 9 2001 32004 3 1982 1 1988 8University of Erlangen 1992 7 165

2013 10 EDP 2010 92011 9 2004 72007 8 2001 7 2004 7 2010 9 2009 12 1994 11991 1 1993 121988 31989 10 1986 121997 6 1984 81986 12 1980 51984 81958 1961 3 2015 3 2005 111995 5 2005 5 2000 31998 6 1981 12 2015 3 1998 82007 11 1988 7 166

13.51(2) 1997 2014 6 18 2007 2 152004 8 4 2002 1999 81995 31999 11 1994 81995 21988 71994 81988 7 2001 6 2002 21989 7 1997 9 2010 3 167

1995 71997 8 1994 71995 71992 5 1994 71994 122001 7 1989 7 2011 22004 11 2003 102003 102004 4 2004 42004 11 2009 12 2014 111989 7 2007 122008 3 1994 122003 11999 82003 1 1994 121999 82002 22003 11994 1 1994 121992 81994 1 1990 10 1992 82007 62014 1 2014 7 1989 7 2000 1 2008 6 [] 13.51(2)[] FCS (PE), FCIS 472014 10 30 202014 1 168

2004 1992 3 2002 1 1990 11 169

170

201220132014 12 31 6.27.47.3 201220132014 12 31 1,153,000 1,447,000 1,892,000 201220132014 12 31 6.76.77.0 201220132014 12 31 I-7520122013 2014 12 31 4.73.94.6 201220132014 12 31 2015 12 31 7.80.42 8.5 171

3A.1919A.05 (i) (ii) (iii) (iv) 172

2,002,986,332 2,002,986,332 A5% (1) 437,257,991 21.83% 390,578,816 19.50% (2) 437,257,991 21.83% 290,000,000 14.48% (1) [] 314,828 A390,578,816 A12,086,605 A A (2) 34,277,742 A22,340,000 AA [] [] [] [] A[] H []% []% [][] A[] H []% []% 173

[] XV23 10% [] [] [] [] (1) A [] [] [] [] [] [] A [] [] [] [] [] [] (2) A [] [] [] [] [] [] A [] [] [] [] [] [] (1) [] [] A[] A [] AA (2) [] A22,340,000 A A [] XV23 10% 174

21.83%(i)0.02% (ii) 19.50% 0.60%(iii) A 1.71% [][] []%A (i) []% (ii) []%[]%(iii) A []% 2014 12 16 25% (1) (2) (3) 25% 6 175

12 237 2002 2 8 176

[] [] 2,002,986,332 2,002,986,3321.00A (%) A 2,002,986,332 100.00 [] [][] (%) A 2,002,986,332 [] H [] [] [] 100.00 [][] (%) A 2,002,986,332 [] H [] [] [] 100.00 177

(i) A (ii)h AH HA AH (i) 12AH20%(ii) 15 AH(iii)A H AH[] H A H H A A 2014 4 102014 11 17 180 380 178

HA 50 A H A 380 H A H AH AH[] AH AA A H (a) A AH (b) AH H (c) AAA (d) H HH H 179

(e) HA H (i) H HH H (ii) AH (f) AA A H H (g) H AH A AH A [] AHH 2013 10 112015 3 10 (1) [] H []H []%[]H [] H[]% (2) [] [][][][][] 180

(3) H (4) H (5) 2013 10 1118122016 4 10 181

201220132014 12 31 2012 20132014 12 31[] [] 2013 2013 63% 72% 20% 201322.2% 201220132014 92.9% 94.9% 96.2% 201220132014 67.4% 68.0% 66.5% 201220132014 10,247.411,501.212,928.2 1,524.11,916.7 2,216.8 182

2013 22.1 201214.8% 25.2% 2018 3,16220132018 7.4% 2008 2009 201220132014 66.8% 65.5% 65.3% 201220132014 83.3% 86.6% 76.0% 183

2014 10 2015 3 201220132014 32.6% 32.0% 33.5% 184

[] II2 [ ] II4 10 20 10 12 5 3 5 185

186

12 31 2012 2013 2014 10,247.4 11,501.2 12,928.2 (6,419.9) (6,830.5) (7,565.5) 3,827.5 4,670.7 5,362.7 (778.6) (876.8) (982.2) (762.5) (907.6) (1,031.3) (236.5) (388.8) (517.9) 62.9 54.3 46.0 (48.3) 0.2 (43.1) 2,064.5 2,552.0 2,834.2 2.2 3.1 14.4 (226.2) (202.3) (241.3) (224.0) (199.2) (226.9) 21.6 25.8 31.0 187

12 31 2012 2013 2014 1,862.1 2,378.6 2,638.3 (338.0) (461.9) (421.5) 1,524.1 1,916.7 2,216.8 1,524.2 1,917.1 2,219.2 (0.1) (0.4) (2.4) 12 31 2012 2013 2014 9,514.8 92.9% 10,912.0 94.9% 12,439.4 96.2% 7,673.0 74.9 9,014.9 78.4 10,321.1 79.8 1,841.8 18.0 1,897.1 16.5 2,118.3 16.4 2,271.8 22.2 2,238.9 19.5 2,129.7 16.5 (1) 342.2 3.3 429.5 3.7 487.0 3.8 (2) (1,881.4) (18.4) (2,079.2) (18.1) (2,127.9) (16.5) 10,247.4 100.0% 11,501.2 100.0% 12,928.2 100.0% (1) (2) 188

70 12 31 2012 2013 2014 % % % 6,911.4 67.4% 7,823.3 68.0% 8,597.9 66.5% (1) 3,336.0 32.6 3,677.9 32.0 4,330.3 33.5 10,247.4 100.0% 11,501.2 100.0% 12,928.2 100.0% (1) 12 31 2012 2013 2014 10,247.4 100.0% 11,501.2 100.0% 12,928.2 100.0% (6,419.9) (62.6) (6,830.5) (59.4) (7,565.5) (58.5) 3,827.5 37.4% 4,670.7 40.6% 5,362.7 41.5% 189

12 31 2012 2013 2014 2,294.8 36.5% 2,483.8 35.5% 2,671.9 33.8% PVB 815.5 13.0 893.7 12.8 1,061.8 13.4 1,059.9 16.9 1,227.4 17.5 1,419.9 17.9 4,170.2 66.4 4,604.9 65.8 5,153.6 65.1 646.0 10.3 710.6 10.2 788.4 10.0 624.6 9.9 772.0 11.0 917.1 11.6 440.9 7.0 483.9 6.9 524.0 6.6 (1) 403.1 6.4 425.0 6.1 527.6 6.7 6,284.8 100.0% 6,996.4 100.0% 7,910.7 100.0% 301.1 16.1% 239.6 14.0% 231.2 14.9 226.2 12.1 232.6 13.6 196.8 12.7 527.3 28.2 472.2 27.6 428.0 27.6 827.0 44.1 763.8 44.7 698.2 45.0 70.1 3.7 64.8 3.8 59.0 3.8 215.1 11.5 211.3 12.4 195.6 12.6 (2) 233.8 12.5 195.9 11.5 169.5 11.0 1,873.3 100.0% 1,708.0 100.0% 1,550.3 100.0% (3) 143.2 205.3 232.4 (1,881.4) (2,079.2) (2,127.9) 6,419.9 6,830.5 7,565.5 (1) (2) (3) 190

PVB 201220132014 83.3% 86.6% 76.0% 201220132014 22.9% 21.6% 19.6% 12 31 2012 2013 2014 (%) (%) (%) 3,230.0 33.9 3,915.6 35.9 4,528.7 36.4 398.5 17.5 530.9 23.7 579.4 27.2 199.0 58.2 224.2 52.2 254.6 52.3 191

12 31 2012 2013 2014 3,827.5 37.4% 4,670.7 40.6% 5,362.7 41.5% (778.6) (7.6) (876.8) (7.6) (982.2) (7.6) (762.5) (7.4) (907.6) (7.9) (1,031.3) (8.0) (236.5) (2.3) (388.8) (3.4) (517.9) (4.0) 62.9 0.6 54.3 0.5 46.0 0.4 (48.3) (0.5) 0.2 0.0 (43.1) (0.3) 2,064.5 20.1% 2,552.0 22.2% 2,834.2 21.9% 12 31 2012 2013 2014 234.8 30.2% 262.1 29.9% 286.5 29.2% 178.5 22.9 206.4 23.5 231.0 23.5 166.0 21.3 193.3 22.0 225.3 22.9 63.4 8.1 77.7 8.9 84.2 8.6 35.6 4.6 36.7 4.2 44.7 4.6 (1) 100.3 12.9 100.6 11.5 110.5 11.2 778.6 100.0% 876.8 100.0% 982.2 100.0% (1) 192

2012201320147.6% 7.6% 7.6% 12 31 2012 2013 2014 330.6 43.4% 421.1 46.4% 470.2 45.6 136.3 17.9 141.1 15.5 162.1 15.7 89.4 11.7 101.8 11.2 100.4 9.7 (1) 41.7 5.5 51.8 5.7 57.7 5.6 (2) 164.5 21.5 191.8 21.2 240.9 23.4 762.5 100.0% 907.6 100.0% 1,031.3 100.0% (1) (2) 2012201320147.4% 7.9% 8.0% 193

12 31 2012 2013 2014 92.7 39.2% 152.8 39.3% 209.8 40.5 74.3 31.4 140.3 36.1 195.8 37.8 41.4 17.5 55.7 14.3 52.5 10.1 6.9 2.9 10.2 2.6 29.5 5.7 (1) 21.2 9.0 29.8 7.7 30.3 5.9 236.5 100.0% 388.8 100.0% 517.9 100.0% (1) 2012201320142.3% 3.4% 4.0% 20122013201462.9 54.346.0 194

201220132014 48.3 0.2 43.1 12 31 2012 2013 2014 (17.2) (42.2) (48.7) (16.5) (6.2) (0.9) (20.5) (17.5) (4.1) 130.4 (8.5) (64.5) (10.4) 1.0 (6.8) 8.5 13.4 7.0 12.5 (48.3) 0.2 (43.1) 195

201220132014224.0 199.2226.9 12 31 2012 2013 2014 (2.2) (1.0)% (3.1) (1.6)% (14.4) (6.3)% 223.0 99.6 196.3 98.6 237.3 104.6 (3.0) (1.4) (1.8) (0.9) 220.0 98.2 194.5 97.7 237.3 104.6 6.2 2.8 7.8 3.9 4.0 1.7 226.2 101.0 202.3 101.6 241.3 106.3 224.0 100.0% 199.2 100.0% 226.9 100.0% 201220132014 21.625.831.0 196

2008 2008 1 125% 2008 15%15% 16.5% 20.0% 15.0% 34.0% 40.0% 201220132014 18.1% 19.4% 16.0% 2014 12 312013 12 31 201412,928.2 201311,501.2 12.4%(i)2013 82.4201490.9(ii) 2013 132.52014136.8 20147,565.5 2013 6,830.5 10.8%(i) 498.3 (ii) 142.6 197

20145,362.7 2013 4,670.714.8% 201340.6%201441.5% 2013 132.52014 136.8 2014982.2 2013 876.812.0%(i) 81.0 (ii) 6.5 2014 1,031.3 2013 907.6 13.6% 2014517.9 2013 388.8 33.2%(i) 57.0 (ii) 55.5 201446.0 2013 54.3 15.3% 2013 0.22014 43.12013 20132,522.0 20142,834.2 201322.2%201421.9% 198

201414.4 2013 3.1 364.5% 2014241.3 2013 202.3 19.3% 201431.0 2013 25.820.2% 2014421.5 2013421.5 8.7%2013 19.4%201416.0%2014 12 2014 9 20142,216.8 2013 1,916.715.7%201316.7%2014 17.1% 2013 12 312012 12 31 201311,501.2 201210,247.4 12.2%(i)2012 72.6201382.4(ii) 2012 131.12013 132.5 199

20136,830.5 2012 6,419.9 6.4%(i) 220.6 (ii) 147.0 20134,670.7 2012 3,827.522.0% 201237.4%201340.6% 2013876.8 2012 778.612.6%(i) 82.5 (ii) 14.3 2013907.6 2012 762.5 19.0% 90.5 2013388.8 2012 236.5 64.4%(i) 63.4(ii) 14.3 (iii) 66.0 201354.3 2012 62.9 13.7%20122012 200

2012 48.32013 0.2 2012 2,064.5 2013 2,522.0 201220.1%201322.2% 20133.1 2012 2.2 41.8% 2013202.3 2012 226.2 10.6%(i) (ii) 201325.8 2012 21.619.5% 2013461.9 2012338.036.7% 201218.1%201319.4% 20131,916.7 2012 1,524.125.8% 201214.9% 201316.7% 201

201220132014 12 31 487.3490.5499.1 12 31 2012 2013 2014 2,426.5 2,817.0 3,130.6 (1,382.5) (1,416.9) (2,611.9) (1,364.2) (1,395.5) (502.8) 807.5 487.3 491.9 (8.4) 487.3 491.9 499.4 (1.4) (0.3) 487.3 490.5 499.1 2014 3,130.6 2,638.3 857.0511.1 323.8351.7 202

20132,817.0 2,378.6 202.3 864.9 408.5 516.2 130.4 20122,426.5 1,862.1 226.2 805.5 251.7 319.5 2014 2,611.9 (i) 2,618.5(ii) 115.4(i) 92.5(ii) 50.0 20131,416.9 (i) 1,570.4(ii) 305.2(i) 150.8(ii) 102.1 20121,382.5 (i) 1,368.4(ii) 131.8 203

2014502.8 6,254.9 1,001.5 6,955.6 20131,395.5 5,921.5 1,001.5 5,735.9 20121,364.2 5,512.7 801.2 5,132.6 201220132014 1,598.41,939.8 2,714.3 12 31 2012 2013 2014 1,462.5 1,628.9 2,539.3 131.8 305.2 115.4 4.1 5.7 59.6 1,598.4 1,939.8 2,714.3 204

201520162,990 3,005 12 31 2015 2016 190 760 255 32 470 1,400 1,000 250 455 525 200 200 158 100 2,990 3,005 [] 12 31 2015 2012 2013 2014 1 31 1,907.4 1,877.2 2,169.0 2,335.5 2,646.8 3,215.1 3,548.7 3,564.5 (1) 0.3 1.6 3.7 2.6 23.6 10.9 8.1 7.2 487.3 490.5 499.1 487.4 5,065.4 5,595.3 6,228.6 6,397.2 205

12 31 2015 2012 2013 2014 1 31 417.0 401.7 389.5 5,065.4 6,012.3 6,630.3 6,786.7 1,824.9 2,374.0 2,795.2 2,889.7 206.1 259.5 282.5 233.2 3,125.8 2,899.3 3,335.6 3,383.6 (1) 8.1 1.7 1.6 3.4 7.3 14.1 14.1 5,160.2 5,548.2 6,429.1 6,522.2 32.4 21.7 24.8 5,160.2 5,580.6 6,450.8 6,547.0 (94.8) 431.7 179.5 239.7 (1) 2014 12 31179.5 2013 12 31 431.7 (i) 436.3(ii) 421.1(i)291.8(ii) 333.6 2013 12 31431.7 2012 12 31 94.8 (i) 568.3(ii) 417.0 (iii) 226.5 206

2015 1 3113,167.9 [][]12 12 31 2012 2013 2014 941.1 876.8 969.3 59.7 53.1 50.0 917.2 940.1 1,144.1 10.2 16.8 17.8 (20.8) (9.6) (12.2) 1,907.4 1,877.2 2,169.0 2013 12 31 2012 12 31 1,907.4 1,877.2 2014 12 31 207

2,169.0 2014 102015 1 31 2014 12 31844.338.9% 2012 20132014 12 3120.8 9.612.2 12 31 2012 2013 2014 (1) 109 102 98 (1) 365 20149820131022012109 2013 102 12 31 2012 2013 2014 1,744.7 2,053.0 2,430.7 (2.1) (0.3) (0.2) 1,742.6 2,052.7 2,430.5 556.2 680.3 544.5 2,298.8 2,733.0 2,975.0 208

12 31 2012 2013 2014 100.1 121.9 82.1 100.1 121.9 82.1 1.1 0.3 4.3 8.1 4.1 0.6 9.2 4.4 4.9 135.7 226.4 281.6 103.0 129.4 205.1 238.7 355.8 486.7 2,646.8 3,215.1 3,548.7 2012 12 31 2,298.82013 12 31 2,733.0 2014 12 31 2,975.0 2015 1 31 2014 12 31 1,475.449.6% 20122013 2014 12 312.1 0.30.2 209

12 31 2012 2013 2014 2,025.5 2,399.4 2,706.2 234.0 304.7 240.4 38.0 27.8 28.0 3.4 1.4 0.6 2,300.9 2,733.3 2,975.2 12 31 2012 2013 2014 (1) 77.7 79.9 80.6 (1) 365 2014 80.6201379.92012 77.7 2013 12 31 2012 12 31 100.1 121.9 2014 12 182.1 210

12 31 2012 2013 2014 499.6 708.0 887.9 378.1 484.5 566.6 877.7 1,192.5 1,454.5 187.8 242.3 295.3 20.7 19.9 35.9 18.8 19.3 35.2 298.1 354.8 291.3 26.6 43.1 59.1 (1) 375.5 453.9 561.4 927.5 1,133.3 1,278.2 19.5 48.2 61.6 0.2 0.9 19.7 48.2 62.5 1,824.9 2,374.0 2,795.2 (1) 211

2013 12 31 2012 12 31 877.7 1,192.5 PVB2014 12 31 1,454.5 2015 1 31 2014 12 31582.640.1% 30120 12 31 2012 2013 2014 642.8 875.4 1,157.7 152.0 88.0 245.5 66.2 208.1 35.1 16.7 21.0 16.2 877.7 1,192.5 1,454.5 12 31 2012 2013 2014 (1) 45.4 55.3 63.9 (1) 365 2013201245.455.3 201463.9 212

2013 12 31 2012 12 31 927.5 1,133.3 2014 12 31 1,278.2 201220132014 12 319.34.65.3 12 31 2012 2013 2014 1,131 306 2,640 961 716 7,821 3,807 306 139 185 177 142 114 155 6 3 92 225 353 9,325 4,643 5,311 213

201220132014 12 3119.7 48.262.5 12 31 2012 2013 2014 4,788 13,907 19,935 4,529 4,598 6,081 8,162 17,904 26,361 2,047 11,782 9,232 197 907 18 19,723 48,191 62,534 214

2015 1 314,596.9 12 31 2015 2012 2013 2014 1 31 617.0 924.0 1,198.0 1,198.6 399.5 399.5 399.6 399.7 (136.3) (406.0) (385.0) (385.0) 880.2 917.5 1,212.6 1,213.3 1,146.4 1,260.6 2,640.9 2,687.3 1,843.1 1,232.7 309.7 311.3 136.3 406.0 385.0 385.0 3,125.8 2,899.3 3,335.6 3,383.6 4,006.0 3,816.8 4,548.2 4,596.9 201220132014 12 312015 1 31 617.0924.01,198.01,198.6 201220132014 12 312015 1 31 1,146.41,260.62,640.9 2,687.3 215

201220132014 12 312015 1 31 68.035.0220.0 220.0201220132014 12 312015 1 31 12 31 2012 2013 2014 3,112.5 2,899.3 3,335.6 397.0 439.0 1,206.6 496.5 478.5 6.0 4,006.0 3,816.8 4,548.2 201220132014 12 31 5.21% 4.66% 4.86% 2011 5 400.0 2011399.52011 5.67%2012 55 520112011 2016 52014 12 312011399.6 2011 216

3,800.0 2011 1 11 4.19% 500,000 2012 2 21 5.01% 600,000 2012 6 26 3.89% 600,000 2012 9 11 4.64% 600,000 2013 3 12 4.27% 600,000 2013 7 22 5.30% 600,000 2014 5 20 5.58% 300,000 800.0 1,200.0270 217

12 31 2012 2013 2014 312.3 732.7 1,049.3 604.7 687.8 903.3 1,026.1 4,505.0 4,288.9 1,630.8 5,192.8 5,192.2 17.3 17.3 17.3 17.3 17.3 17.3 51.9 34.6 17.3 218

12 31 2012 2013 2014 (1) 5.8% 12.2% 12.4% (2) 0.8% 25.8% 15.7% (3) 37.4% 40.6% 41.5% (4) 20.4% 22.4% 22.3% (5) 14.9% 16.7% 17.1% (6) 9.23 12.76 11.93 (7) 21.8% 24.4% 25.1% (8) 11.6% 13.1% 13.1% (1) 1100% (2) 1100% (3) 100% (4) 100% (5) 100% (6) (7) 100% (8) 100% 12 31 2012 2013 2014 (1) 0.98 1.08 1.03 (2) 0.61 0.74 0.69 (3) 0.57 0.49 0.52 (4) 0.50 0.42 0.46 (1) (2) (3) (4) 219

2014 12 312013 12 31 2013 12 312012 12 31 2013 12 3124.4%2014 12 3125.1% 20132014 12 31 13.1% 2012 12 3121.8%2013 12 3124.4% 2012 12 3111.6%2013 12 3113.1% (i)(ii) 2013 2013 12 311.082014 12 311.03 2013 12 310.742014 12 310.69 2012 12 310.982013 12 311.08 2012 12 310.612013 12 310.74 (i)(ii) (iii) 2013 12 310.492014 12 310.52 2013 12 310.422014 12 310.46 2012 12 310.572013 12 310.49 2012 12 310.502013 12 310.42 220

201312.76201411.93 20129.23201312.76 (i) (ii) 201220132014 12 31 10% 63.574.582.1 221

26 10 2014 11 29 40% 2012201320140.5% 9.5% 8.9%2014 12 3141,000,000254,069,000 30,830,00038,169,0003,661,0005,748,000 12 31 2012 2013 2014 8,116 1,703 341 1,637 3,687 222

201220132014 12 3150 2.02.13.4 223

2012 12 31 3,222.2 447.6 519.8 4,189.6 1,591.6 1,591.6 4,813.8 447.6 519.8 5,781.2 2013 12 31 3,027.0 478.8 503.3 4,009.1 (1) 8.1 8.1 2,084.4 2,084.4 5,119.5 478.8 503.3 6,101.6 2014 12 31 3,456.9 1,249.3 6.2 4,712.4 (1) 1.7 1.7 2,420.6 2,420.6 5,879.2 1,249.3 6.2 7,134.7 (1) 224

10% 50% 20% 2012201320141,001.51,001.5 1,502.2A0.5 0.5 0.75A 65.7% 52.3% 67.8% 2015 [5 10 ]A2014 1,502.2 225

H 2014 12 31 5,752.5 [] [] [] [] [] [][] [] [][] [] [] 2015 32 A 226

[]2014 12 31 4.29[][] 2014 12 31 [] 2014 12 31 [] 227

[] 13.13 13.19 A 13.10BH A 2014 12 31 2014 12 31 [] 228

[ ] [] []H [] [] [] [][] []% [][] 12.1 2015 12 []% [][] 45 2016 2017 []% [][] 12.1 2015 22016 []% [][] []% [][] 3% 6%2015 [] 229

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201220132014 12 31 201220132014 12 31 201220132014 12 31 [][][] []I III 2013 12 28 2014 3 1 1992 6 21 II3910 I-1

12 31 2012 12 31 20132014 12 31 II 39 3.340 201220132014 12 31 I-2

I 201220132014 12 31 201220132014 12 31 12 31 2012 2013 2014 6 7,141,710 7,415,533 8,822,546 7 522,988 779,771 874,692 8 120,770 111,449 156,877 10 104,268 130,016 161,045 11 24,806 18,824 12 67,021 62,103 56,166 13 113,360 153,070 189,318 8,094,923 8,670,766 10,260,644 14 1,907,388 1,877,167 2,169,036 15 2,646,800 3,215,182 3,548,756 3.1(c) 341 1,637 3,687 16 23,622 10,875 8,089 16 487,285 490,475 499,072 5,065,436 5,595,336 6,228,640 17 417,039 401,653 5,065,436 6,012,375 6,630,293 13,160,359 14,683,141 16,890,937 18 2,002,986 2,002,986 2,002,986 19 184,347 184,347 184,347 19 853,782 943,770 873,803 20 3,946,889 4,727,379 5,752,510 6,988,004 7,858,482 8,813,646 3,545 3,113 4,320 6,991,549 7,861,595 8,817,966 I-3

12 31 2012 2013 2014 21 880,171 917,529 1,212,558 13 7,934 63,149 73,755 22 120,519 260,228 335,893 1,008,624 1,240,906 1,622,206 23 1,824,879 2,374,063 2,795,198 206,041 259,478 282,477 21 3,125,849 2,899,300 3,335,627 3.1(c) 8,116 1,703 22 3,417 7,286 14,074 5,160,186 5,548,243 6,429,079 17 32,397 21,686 5,160,186 5,580,640 6,450,765 6,168,810 6,821,546 8,072,971 13,160,359 14,683,141 16,890,937 (94,750) 431,735 179,528 8,000,173 9,102,501 10,440,172 I-4

12 31 2012 2013 2014 6 1,112,658 974,956 845,380 7 43,801 42,720 41,639 8 84,265 75,348 72,556 9 3,707,922 3,631,364 4,501,986 10 44,439 44,439 44,439 11 334,613 13 8,058 9,043 12,170 5,001,143 4,777,870 5,852,783 14 425,100 495,287 512,920 15 2,770,982 3,349,452 4,411,864 341 987 16 251,145 302,341 288,830 3,447,568 4,148,067 5,213,614 17 280,000 280,000 3,447,568 4,428,067 5,493,614 8,448,711 9,205,937 11,346,397 18 2,002,986 2,002,986 2,002,986 19 184,347 184,347 184,347 19 774,401 909,517 1,102,138 20 1,021,135 1,212,909 1,918,465 3,982,869 4,309,759 5,207,936 I-5

12 31 2012 2013 2014 21 840,501 882,529 1,012,558 13 85 19,084 27,228 13,089 11,549 10,009 853,675 913,162 1,049,795 23 1,165,574 1,645,178 3,135,201 15,034 15,795 21 2,430,019 2,320,503 1,951,132 793 1,540 1,540 1,540 3,612,167 3,983,016 5,088,666 4,465,842 4,896,178 6,138,461 8,448,711 9,205,937 11,346,397 (164,599) 445,051 404,948 4,836,544 5,222,921 6,257,731 I-6

12 31 2012 2013 2014 24 10,247,391 11,501,210 12,928,182 24, 27 (6,419,884) (6,830,550) (7,565,501) 3,827,507 4,670,660 5,362,681 27 (778,540) (876,776) (982,165) 27 (762,544) (907,576) (1,031,342) 27 (236,461) (388,758) (517,924) 25 62,917 54,297 46,017 26 (48,342) 177 (43,091) 2,064,537 2,552,024 2,834,176 30 2,198 3,116 14,362 30 (226,203) (202,297) (241,223) (224,005) (199,181) (226,861) 10 21,539 25,748 31,029 1,862,071 2,378,591 2,638,344 31 (337,942) (461,924) (421,567) 1,524,129 1,916,667 2,216,777 32 1,524,259 1,917,099 2,219,245 (130) (432) (2,468) 1,524,129 1,916,667 2,216,777 33 0.76 0.96 1.11 34 1,001,493 1,001,493 1,502,240 I-7

12 31 2012 2013 2014 1,524,129 1,916,667 2,216,777 5,967 (45,128) (262,588) 5,967 (45,128) (262,588) 1,530,096 1,871,539 1,954,189 1,530,226 1,871,971 1,956,657 (130) (432) (2,468) 1,530,096 1,871,539 1,954,189 I-8

18 19 19 20 2012 1 1 2,002,986 184,347 733,721 3,327,419 6,248,473 6,248,473 1,524,259 1,524,259 (130) 1,524,129 5,967 5,967 5,967 5,967 1,524,259 1,530,226 (130) 1,530,096 3,675 3,675 34 (801,195) (801,195) (801,195) 10,500 10,500 10,500 10,500 (801,195) (790,695) 3,675 (787,020) 19(a) 103,594 (103,594) 2012 12 31 2,002,986 184,347 853,782 3,946,889 6,988,004 3,545 6,991,549 2013 1 1 2,002,986 184,347 853,782 3,946,889 6,988,004 3,545 6,991,549 1,917,099 1,917,099 (432) 1,916,667 (45,128) (45,128) (45,128) (45,128) 1,917,099 1,871,971 (432) 1,871,539 34 (1,001,493) (1,001,493) (1,001,493) (1,001,493) (1,001,493) (1,001,493) 19(a) 135,116 (135,116) 2013 12 31 2,002,986 184,347 943,770 4,727,379 7,858,482 3,113 7,861,595 I-9

18 19 19 20 2014 1 1 2,002,986 184,347 943,770 4,727,379 7,858,482 3,113 7,861,595 2,219,245 2,219,245 (2,468) 2,216,777 (262,588) (262,588) (262,588) (262,588) 2,219,245 1,956,657 (2,468) 1,954,189 34 (1,001,493) (1,001,493) (1,001,493) 3,675 3,675 (1,001,493) (1,001,493) 3,675 (997,818) 19(a) 192,621 (192,621) 2014 12 31 2,002,986 184,347 873,803 5,752,510 8,813,646 4,320 8,817,966 I-10

12 31 2012 2013 2014 35(a) 2,772,054 3,198,688 3,565,215 (345,628) (381,667) (434,639) 2,426,426 2,817,021 3,130,576 (2,487) 35(b) 25,578 135,706 21,853 35(c) 102,062 50,000 (1,368,387) (1,570,409) (2,618,496) (131,838) (305,163) (115,357) (4,063) (5,669) (59,612) 60,000 2,198 3,116 14,362 13,924 12,747 2,786 82,570 150,758 92,546 (1,382,505) (1,416,852) (2,611,918) 3,675 3,675 5,132,559 5,735,935 6,995,607 (5,512,694) (5,921,464) (6,254,910) (801,195) (1,001,493) (1,001,493) (197,018) (208,510) (245,722) 10,500 (1,364,173) (1,395,532) (502,843) I-11

12 31 2012 2013 2014 (320,252) 4,637 15,815 807,537 487,285 491,922 (8,412) 487,285 491,922 499,325 16 487,285 490,475 499,072 17 1,447 253 487,285 491,922 499,325 I-12

II 1. 1987 4 14 1992 6 21 1993 6 10 A 201220132014 12 31A 2,002,986,332 20.1% 2 2.1 4 2015 1 1 11 3 2016 1 1 I-13

11 2014 2012-2014 2016 1 1 5 2014 7 2016 1 1 (i) 7 1 I-14

(ii) 7 34 19 34 34 15 15 (1) (2) (3) (4) (5) 2017 1 1 I-15

15 15 18 11 13 15 18 31 9 9 2014 39 2018 1 1 9 I-16

9 39 9 12 12 9 39 2.2 2.2.1 (a) I-17

39 (b) (c) 2.2.2 2.3 11 I-18

2.4 2.5 (a) (b) - (c) 2.6 I-19

10 20 10 12 5 3 5 2.9-2.7 2.9 2.8 (a) (b) (c) I-20

(d) (e) 2.9 2.10 2 2.11 2.11.1 (a) 12 (b) 12 15 16 2.11.2 I-21

2.12 2.13 2.14 2.15 2.16 I-22

2.17 2.18 2.19 2.20 12 2.21 2.22 - I-23

2.23 (a) (b) (c) 2.24 (a) I-24

(b) (c) (a)(b) 37 12 (d) 2.25 2.26 I-25

2.27 (a) (b) (c) (d) 2.28 2.29 2.30 I-26

3 3.1 (a) (i) 201220132014 12 3110% 12 31 2012 2013 2014 10% (48,196) (52,604) (67,485) 10% 48,196 52,604 67,485 10% (14,196) (19,293) (21,641) 10% 14,196 19,293 21,641 10% (1,062) (2,571) 7,076 10% 1,062 2,571 (7,076) (ii) 11 21 I-27

201220132014 12 3150 12 31 2012 2013 2014 50 (1,967) (2,087) (3,373) 50 1,967 2,087 3,373 (b) 15 (c) 1 1-2 2-5 2012 12 31 3,222,155 447,590 519,752 4,189,497 1,591,625 1,591,625 4,813,780 447,590 519,752 5,781,122 I-28

1 1-2 2-5 2013 12 31 3,027,038 478,772 503,301 4,009,111 (i) 8,116 8,116 2,084,396 2,084,396 5,119,550 478,772 503,301 6,101,623 2014 12 31 3,456,940 1,249,297 6,223 4,712,460 (i) 1,703 1,703 2,420,581 2,420,581 5,879,224 1,249,297 6,223 7,134,744 (i) 2014 12 31 41,000,000254,069,000 30,830,00038,169,000 3,661,0005,748,000 2013 12 3122,000,000134,753,00026,758,00036,107,000 9,654,00015,293,0002012 12 31 3.2 201220132014 12 31 12 31 2012 2013 2014 21 4,006,020 3,816,829 4,548,185 16 (487,285) (490,475) (499,072) 3,518,735 3,326,354 4,049,113 6,991,549 7,861,595 8,817,966 10,510,284 11,187,949 12,867,079 (%) 33% 30% 31% I-29

3.3 (a) 7 (b) 2012 12 31 341 341 2013 12 31 1,637 1,637 8,116 8,116 2014 12 31 3,687 3,687 1,703 1,703 (c) I-30

(d) ; 4 (a) (b) 2.9 8 (c) (d) I-31

(e) (f) (i) (ii) (iii) 6 5 10% I-32

6 2012 1 1 2,664,403 6,118,537 556,749 502,200 513,891 10,355,780 (677,092) (2,491,625) (289,656) (317,689) (3,776,062) (40,342) (40,342) 1,987,311 3,586,570 267,093 184,511 513,891 6,539,376 2012 12 31 1,987,311 3,586,570 267,093 184,511 513,891 6,539,376 49,301 603,669 47,869 1,826 (702,665) 81,520 47,709 89,715 113,678 1,129,835 1,462,457 35(b) (170) (21,782) (10,122) (1,973) (34,047) 27 (129,663) (501,463) (83,162) (91,245) (805,533) (359) (20,175) (9) (20,543) 1,987,940 3,694,528 311,384 206,797 941,061 7,141,710 2012 12 31 2,794,846 6,687,003 666,316 555,982 941,061 11,645,208 (806,547) (2,932,652) (354,923) (349,185) (4,443,307) (359) (59,823) (9) (60,191) 1,987,940 3,694,528 311,384 206,797 941,061 7,141,710 2013 12 31 1,987,940 3,694,528 311,384 206,797 941,061 7,141,710 206,240 628,845 59,136 390 (894,611) 17,395 72,216 96,226 131,707 1,311,390 1,628,934 35(b) (67,908) (120,203) (10,399) (1,688) (200,198) 27 (129,250) (539,310) (84,603) (111,756) (864,919) 17 (115,246) (171,848) (1,748) (1,131) (21) (289,994) 1,899,171 3,564,228 369,996 224,319 1,357,819 7,415,533 2013 12 31 2,623,591 6,473,833 762,491 671,119 1,357,819 11,888,853 (724,420) (2,909,605) (392,494) (446,800) (4,473,319) (1) (1) 1,899,171 3,564,228 369,996 224,319 1,357,819 7,415,533 2014 12 31 1,899,171 3,564,228 369,996 224,319 1,357,819 7,415,533 (21,233) (61,009) (335) (649) (159,728) (242,954) 758,054 526,173 103,103 1,031 (1,388,361) 7 (107,006) (107,006) 96,517 57,818 87,088 125,318 2,279,537 2,646,278 35(b) (1,543) (12,655) (17,316) (766) (32,280) 27 (127,595) (509,175) (107,944) (112,311) (857,025) 2,603,371 3,565,380 434,592 236,942 1,982,261 8,822,546 I-33

2014 12 31 3,454,573 6,946,522 906,583 763,515 1,982,261 14,053,454 (851,202) (3,381,142) (471,990) (526,573) (5,230,907) (1) (1) 2,603,371 3,565,380 434,592 236,942 1,982,261 8,822,546 (a) 12 31 2012 2013 2014 40,342 60,191 1 20,543 (694) (60,190) 60,191 1 1 (b) 27 12 31 2012 2013 2014 699,470 732,609 733,444 61,519 73,777 67,655 40,808 55,347 52,171 3,736 3,186 3,755 805,533 864,919 857,025 (c) 201220132014 12 31 37,032,000 160,584,000 232,998,000 I-34

2012 1 1 517,106 1,368,597 74,162 56,428 17,493 2,033,786 (161,581) (547,830) (52,081) (45,259) (806,751) 355,525 820,767 22,081 11,169 17,493 1,227,035 2012 12 31 355,525 820,767 22,081 11,169 17,493 1,227,035 1,007 8,909 9,733 (19,649) 351 2,701 6,087 13,394 11,629 34,162 (9,312) (571) (391) (10,274) (22,341) (105,156) (6,402) (4,366) (138,265) 334,542 717,909 30,928 19,806 9,473 1,112,658 2012 12 31 518,463 1,363,212 86,558 64,267 9,473 2,041,973 (183,921) (645,303) (55,630) (44,461) (929,315) 334,542 717,909 30,928 19,806 9,473 1,112,658 2013 12 31 334,542 717,909 30,928 19,806 9,473 1,112,658 591 3,181 2,255 (6,027) 606 1,343 5,206 8,599 38,973 54,727 (3,982) (49,758) (1,198) (320) (55,258) (21,846) (102,373) (7,120) (5,832) (137,171) 309,911 570,302 30,071 22,253 42,419 974,956 2013 12 31 511,557 1,265,929 82,809 69,081 42,419 1,971,795 (201,646) (695,627) (52,738) (46,828) (996,839) 309,911 570,302 30,071 22,253 42,419 974,956 2014 12 31 309,911 570,302 30,071 22,253 42,419 974,956 1,527 24,191 6,676 1,949 (34,343) 2,000 2,135 2,267 762 7,164 (270) (1,741) (618) (92) (2,721) (22,365) (97,830) (6,881) (6,943) (134,019) 288,803 496,922 31,383 19,434 8,838 845,380 2014 12 31 511,695 1,288,789 89,463 69,608 8,838 1,968,393 (222,892) (791,867) (58,080) (50,174) (1,123,013) 288,803 496,922 31,383 19,434 8,838 845,380 I-35

7 10 50 12 31 2012 2013 2014 10 50 509,384 766,744 861,786 10 50 13,604 13,027 12,906 522,988 779,771 874,692 599,304 864,798 980,204 (76,316) (85,027) (105,512) 522,988 779,771 874,692 12 31 2012 2013 2014 406,226 522,988 779,771 44 131,838 305,163 8,351 6 107,006 (21,617) 17 (11,029) 27 (15,076) (15,734) (20,480) 522,988 779,771 874,692 12 31 2012 2013 2014 52,957 52,957 52,957 (9,156) (10,237) (11,318) 43,801 42,720 41,639 12 31 2012 2013 2014 44,965 43,801 42,720 (82) (1,082) (1,081) (1,081) 43,801 42,720 41,639 I-36

8 2012 1 1 74,678 38,238 35,821 28,922 26,011 203,670 (20,194) (21,355) (17,464) (14,224) (73,237) 74,678 18,044 14,466 11,458 11,787 130,433 2012 12 31 74,678 18,044 14,466 11,458 11,787 130,433 451 781 2,831 4,063 27 (3,628) (2,891) (4,158) (3,049) (13,726) 74,678 14,867 11,575 8,081 11,569 120,770 2012 12 31 74,678 38,689 35,821 29,703 28,842 207,733 (23,822) (24,246) (21,622) (17,273) (86,963) 74,678 14,867 11,575 8,081 11,569 120,770 2013 12 31 74,678 14,867 11,575 8,081 11,569 120,770 350 3,802 1,517 5,669 17 (1,506) (44) (1,550) 27 (2,966) (3,213) (4,329) (2,932) (13,440) 74,678 10,745 8,362 7,510 10,154 111,449 2013 12 31 74,678 32,583 35,821 33,274 30,359 206,715 (21,838) (27,459) (25,764) (20,205) (95,266) 74,678 10,745 8,362 7,510 10,154 111,449 2014 12 31 74,678 10,745 8,362 7,510 10,154 111,449 (238) (537) (775) 36,714 12,323 10,575 59,612 27 (2,352) (3,604) (4,743) (2,710) (13,409) 74,678 8,393 41,472 14,852 17,482 156,877 2014 12 31 74,678 32,583 72,535 45,358 40,397 265,551 (24,190) (31,063) (30,506) (22,915) (108,674) 74,678 8,393 41,472 14,852 17,482 156,877 I-37

(a) 27 12 31 2012 2013 2014 2,140 838 875 584 324 281 11,002 12,278 12,253 13,726 13,440 13,409 (b) 12 31 2012 2013 2014 (i) 62,744 62,744 62,744 (ii) 11,934 11,934 11,934 74,678 74,678 74,678 (i) 12 31 2012 2013 2014 11% 14% 13% 30% 34% 34% 14% 14% 14% (ii) 12 31 2012 2013 2014 5% 5% 5% 81% 56% 62% 13% 12% 11% I-38

201220132014 12 31 2012 1 1 48,490 33,441 28,970 21,453 15,277 147,631 (14,492) (19,162) (13,050) (9,232) (55,936) 48,490 18,949 9,808 8,403 6,045 91,695 2012 12 31 48,490 18,949 9,808 8,403 6,045 91,695 703 2,830 3,533 (2,533) (2,597) (3,157) (2,676) (10,963) 48,490 16,416 7,211 5,949 6,199 84,265 2012 12 31 48,490 33,441 28,970 22,155 18,107 151,163 (17,025) (21,759) (16,206) (11,908) (66,898) 48,490 16,416 7,211 5,949 6,199 84,265 2013 12 31 48,490 16,416 7,211 5,949 6,199 84,265 207 207 (2,133) (2,897) (2,145) (1,949) (9,124) 48,490 14,283 4,314 4,011 4,250 75,348 2013 12 31 48,490 33,441 28,970 22,362 18,107 151,370 (19,158) (24,656) (18,351) (13,857) (76,022) 48,490 14,283 4,314 4,011 4,250 75,348 2014 12 31 48,490 14,283 4,314 4,011 4,250 75,348 7,769 7,769 (2,133) (2,897) (3,645) (1,886) (10,561) 48,490 12,150 1,417 8,135 2,364 72,556 2014 12 31 48,490 33,441 28,970 30,131 18,107 159,139 (21,291) (27,553) (21,996) (15,743) (86,583) 48,490 12,150 1,417 8,135 2,364 72,556 I-39

12 31 2012 2013 2014 39,538 39,538 39,538 8,952 8,952 8,952 48,490 48,490 48,490 9 12 31 2012 2013 2014 3,990,123 3,913,565 4,501,986 (282,201) (282,201) 3,707,922 3,631,364 4,501,986 12 31 2012 2013 2014 2,708,123 3,707,922 3,631,364 999,799 212,724 870,622 17 (289,282) 3,707,922 3,631,364 4,501,986 201220132014 12 31282,201,000 2014 6 18 39 10 12 31 2012 2013 2014 104,268 130,016 161,045 80,242 104,268 130,016 2,487 21,539 25,748 31,029 104,268 130,016 161,045 I-40

12 31 2012 2013 2014 2008 2005 2006 12,250 31,598 43,575 60,217 26,189 37,165 45,115 50,690 12,250 35,505 41,326 50,138 50,689 104,268 130,016 161,045 2012 12 31 56,904 25,306 54,299 8,633 31,598 53,884 16,719 70,055 6,797 37,165 53,112 17,607 61,781 6,109 35,505 163,900 59,632 186,135 21,539 104,268 2013 12 31 85,665 42,090 78,489 11,977 43,575 56,363 11,248 80,902 7,949 45,115 66,986 25,660 84,463 5,822 41,326 209,014 78,998 243,854 25,748 130,016 2014 12 31 129,354 69,137 127,648 16,642 60,217 59,264 8,574 76,571 5,575 50,690 101,499 51,361 117,060 8,812 50,138 290,117 129,072 321,279 31,029 161,045 I-41

12 31 2012 2013 2014 44,439 44,439 44,439 41,952 44,439 44,439 2,487 44,439 44,439 44,439 11 12 31 2012 2013 2014 24,806 25,558 11,936 (6,734) (11,936) 24,806 18,824 (a) 201220132014 12 31 12 31 2012 2013 2014 1 6,734 11,936 1 2 12,713 12,713 2 5 12,093 6,111 24,806 25,558 11,936 (b) 12 31 2012 2013 2014 24,806 18,824 20122013 12 313% 5% I-42

(c) 12 31 2012 2013 2014 (i) 334,613 (i) 2014 12 31 12 12 31 2012 2013 2014 67,021 72,516 78,795 (10,413) (22,629) 67,021 62,103 56,166 12 31 2012 2013 2014 67,021 62,103 35(a) 67,021 5,495 6,279 27 (10,413) (12,216) 67,021 62,103 56,166 13 12 31 2012 2013 2014 12 67,865 67,275 89,035 12 45,495 85,795 100,283 113,360 153,070 189,318 12 479 458 109 12 7,455 62,691 73,646 7,934 63,149 73,755 I-43

(a) (b) 2012 1 1 696 5,684 7,973 41,896 11,303 719 68,271 616 614 179 24,872 18,498 310 45,089 2012 12 31 1,312 6,298 8,152 66,768 29,801 1,029 113,360 4,272 (2,808) (742) 4,909 34,875 (111) 40,395 17 (453) (232) (685) 2013 12 31 5,584 3,037 7,178 71,677 64,676 918 153,070 (3,766) (201) 2,734 18,125 19,126 230 36,248 2014 12 31 1,818 2,836 9,912 89,802 83,802 1,148 189,318 (a) (b) 201220132014 12 31 28,555,000 29,988,000 98,170,000 2012 2024 2012 1 1 2,361 2,361 3,900 1,673 5,573 2012 12 31 3,900 4,034 7,934 29,059 25,016 1,140 55,215 2013 12 31 32,959 25,016 5,174 63,149 (134) 10,497 243 10,606 2014 12 31 32,825 35,513 5,417 73,755 I-44