A 35 C 1030 7 18 1807-1819
1 2004 6 24 A 2 2006 2 33 38 [2006]3 2006 10 [2006]18 2007 1 1 3 2006 7 89.36% 4 1995 1999 5%-9% 5 1 1 1
2003 19.6% 2005 16.1% 6 2006 11 13 A A 1 1 2
A A 1.00 11.5 33.8 / 7,345,053,334 A H 4,786,409,636 2,558,643,698 A A 2007 1 31 1 1 3
1 1 4
... 5... 9... 14...14...16...18...20...20... 21...21...22...22... 29...29...40...42... 44...44...44...47...64...76...80...92...94... 96...96...96...104...109 1 1 5
...115...142...148...148...153...154...154... 155...155...167... 172...172...172...173...175...176...176... 177...177...189...190...190...191...192....192...192...192... 196...196...197...201...205......206...206 1 1 6
1 1 7... 207...207...209...217...228...238...240...241...241...241...242...244...244...245...246...247...248...249...249...250...250...252...253...253...255...255......255...258...261...261... 262...262...274...291...293...298...301...303... 308
2006 9 30...309...310 2005 12 31...315...315...316... 319...319...321...322... 323...323...323...323... 325...325...326...326... 327...327...327...329...330... 331... 350 1 1 8
1 1 9
2006 11 13 2006 11 13 2006 11 13 2006 11 13 11.5 A A H 1 1 10
/ WTO COSO 1 1 11
100% 100% 1 1 12
100% 1 1 13
( ) 1. 2. Ping An Insurance (Group) Company of China, Ltd. Ping An of China 3. 6,195,053,334 4. 5. 1988 3 21 6. 7. 518029 8. 400-8866338 9. 0755-82431029 10. www.pingan.com.cn 11. ir@pingan.com.cn pr@pingan.com.cn 1988 18 20 4 3,000 3,000 200 2005 716.09 588.49 127.60 1 1 14
( ) 1988 1992 1994 1996 2002 2003 2004 2005 2006 12 2004 6 1,387,892,000 1,261,720,000 126,172,000 6,195,053,334 H 2,558,643,698 41.30% 3,636,409,636 58.70% 6 24 H 2318 ( ) 1 1 15
2006 11 2006 9 2006 2006 8 2006 3 CRM CRM 2005 12 2005 2005 8 2001 2005 2005 3 2004 12 21 2004 11 4 Investor Relations Magazine 2004 2006 12 31 5% 1 1 16
% 1 618,886,334 H 9.99 2 613,929,279 H 9.91 3 543,181,445 8.77 4 389,592,366 6.29 5 380,000,000 6.13 6 331,117,788 5.34 1. 1969 6 17 1,500 1,468.74 1866 8 14 ( ) 300 224.94 1,232,815,613 19.9% 2. 2004 10 13 44 100% 3. 1992 12 30 2.05 95% 5% 4. 2000 10 27 16 50% 5. 1996 12 31 8,000 80% 20% 1 1 17
1. 2006 1-9 2005 2004 2003 61,415 67,383 61,496 63,697 13,598 9,685 6,871 6,328 3,973 3,822 3,364 2,713 3,677 3,338 2,608 2,106 332,893 288,104 238,967 182,657 29,408 17,530 15,216 7,913 34,359 32,664 30,177 14,882 0.59 0.54 0.42 0.43 0.59 0.54 0.47 0.43 0.59 0.53 0.42 0.42 0.59 0.53 0.47 0.42 5.55 5.27 4.87 3.02 5.06 5.13 6.18 7.13 % 10.7 10.2 8.6 14.2 % 10.9 10.6 11.6 15.0 % 10.6 10.0 8.7 14.0 % 10.8 10.4 11.6 14.8 1 1 18
2. 2006 9 30 1 1 19 2005 12 31 2004 12 31 2003 12 31 1 % 89.7 88.7 87.4 91.9 2 % 387.7 354.6 504.1 617.5 3 % 18.8 7.4 6.8 10.7 4 % 2.3 3.9 4.1 4.5 5 % 2.4 3.4 2.7 3.3 15,685 15,177 11,335 8,752 12,240 10,787 9,206 7,661 % 128.1 140.7 123.1 114.2 3 % 38.4 25.7 30.0 3.3 6 % 96.4 96.9 95.0 97.6 7 % 3.6 3.1 5.0 2.4 8 % 59.9 61.0 59.8 66.4 2,033 2,113 1,754 1,440 1,776 1,377 1,105 835 % 114.5 153.4 158.7 172.5 1 + / 2 / 3 - / 2006 1 9 2005 1 9 4 = + + + - /[ + + + + + + /2] 2006 1 9 2006 1 9 5 /[ + + + /2] 2006 1 9 2006 1 9 6 + / + - - - 7 / + - - 8 - + +
/ + - - - 1. A 2. 1.00 3. 11.5 4. 33.8 / 5. A 6. A 11.5 388.7 / 1 1 20
A 1.00 11.5 33.8 / 76.18 2005 5.55 2006 9 30 9.88 2006 9 30 3.42 A A 648,075,640 613,050,000 9,000,000 3,006,037 1,320,000 1,580,000 19,110,962 1,008,641 1 1 21
2007 2 2 2007 2 7 2007 2 9 2007 2 12 2007 2 12 2007 2 14 2007 3 1 ( ) 400-8866338 0755-82431029 ( ) 1. 35 C 010-66568888 010-66568857 2. 1030 1 1 22
0755-82485201 0755-82485221 3. 7 18 1807-1819 010-66273333 010-66273300 ( ) 400-8866338 0755-82434614 ( ) 1. 12 B 25 26 010-68055788 1 1 23
2. 99 16 0591-87609894 3. 66 4 010-65183888-81039 4. 48 49 50 010-66276803 5. 98 021-63411631 6. 171 1 1 24
021-54030869 7. 673 021-63341050 8. 99 15 021-68598000-6153 9. 618 021-62583469 10. 1 010-68567378-603 11. 5047 10 24 25 1 1 25
0755-82493855 12. 1012 16-26 0755-82130556 13. A 38-45 0755-82943126 14. 200 39 010-66229111 15. 45 010-64482828-387 16. 1 1 26
90 025-84457777-955 17. 8 010-68069166 ( ) 12 6 010-65693399 010-65693836 ( ) 1 16 010-58153000 010-85188298 ( ) 7 A 40 1 1 27
010-58785588 010-58785566 ( ) 1515 11 Michael Ross 021-52986888 021-52986889 Michael Ross Michael Ross ( ) 166 36 021-58708888 021-58899400 ( ) 1 1 28
( ) 1. COSO 2006 9 30 3,000 1 1 29
2. 2006 9 30 0.47% 1.96% 1.74% 3. 1 1 30
4. 5. 2006 9 30 1 10 219 12,299,400 10 21 8,690,800 4 2 1 1 31
6. 7. 2006 9 30 33 17,804.45 2006 9 30 20 53,076.07 2006 9 1 1 32
30 2006 9 30 10 8. 15% 33% ( ) 1. (1) 1 1 33
(2) (3) 2. 1 1 34
3. 1 2 4. 5. 1 1 35
2005 5.92% 0.02% 6. 2006 7 1 2006 9 30 95.7% 1 1 36
7. 8. ( ) 1. (1) 2006 6 1 1 37
(2) 2006 9 30 2004 (3) 2006 9 30 2. 2006 1 1 38
3. 4. 1 1 39
1. WTO 2. 1 1 40
1995 1999 5%-9% 2006 9 30 12% 1999 6-212.63 3. 2005 7 21 2005 4.08 4. 1 1 41
1. 2. H A H A A H A H H A 3. 1 1 42
H 4. 2003 21.06 23.20 2004 26.08 31.16 2005 33.38 42.26 2006 1-9 36.77 53.17 2007 1 1 5. 2007 1 1 1 1 43
H 2318 Ping An Insurance (Group) Company of China, Ltd. Ping An of China 6,195,053,334 1988 3 21 518029 400-8866338 0755-82431029 www.pingan.com.cn ir@pingan.com.cn pr@pingan.com.cn ( ) 1988 3 21 [1988]113 1988 4 22 05716 4,200 1992 6 4 [1992]189 1992 11 14 [1992]93 1 1 44
1992 11 14 [1992]505 5 1993 12 17 [1993]366 1995 12 6 [1995]437 15 1996 5 24 < > [1996]157 1997 1 16 10001231-6 15 2001 12 5 [2001]197 2002 4 2 [2002]32 2002 10 28 [2002]98 [2002]350 [2002]351 2003 1 24 2,466,666,667 2004 6 1 1 45
H [2003]228 ( ) [2004]18 H 1,387,892,000 10.33 / 1,261,720,000 126,172,000 H 1,170,751,698 H 6,195,053,334 H 2,558,643,698 41.30% 3,636,409,636 58.70% 6 24 H 2318 ( ) 1. 2. ( ) 1. 5% 1 1 46
2. 2006 9 30 5% 5% 3. 4. 5. 1 1 47
( ) 1. [1988]113 1988 4 22 05716 4,200 51% 49% 2. 1 1989 9 20 89 109 25% 1989 9 29 00546 7,395 2 1991 8 29 [1991]36 14.91% 3 1992 12 31 [1992] 263 1992 22,362,883.55 10% 4 1992 9 29 1992 11 14 1 1 48
( [1992]505 ) 5 1993 5 262,287,557 4 1993 12 17 [1993]366 1994 [1994]177 [1995]218 1994 7 6 1995 4 1992 1995 1995 12 6 [1995]437 15 54 1995 12 31 1,500,000,000 % 1 266,809,271 17.79 2 1 396,068,347 26.40 3 173,288,029 11.55 4 121,392,110 8.09 5 138,247,736 9.22 6 7 120,191,723 8.01 120,191,723 8.01 8 6,828,399 0.46 9 1,707,100 0.11 1 1 49
10 580,414 0.04 11 2 751,124 0.05 12 682,840 0.05 13 17,070,998 1.14 14 1,707,100 0.11 15 ( ) 12,741,793 0.85 16 ( ) 6,828,399 0.45 17 546,272 0.04 18 1,263,254 0.08 19 6,828,399 0.46 20 682,840 0.05 21 ( ) 6,828,399 0.46 22 546,272 0.04 23 1,707,100 0.11 24 1,126,686 0.08 25 1,019,139 0.07 26 580,414 0.04 27 853,550 0.06 28 3,414,200 0.23 29 1,092,544 0.07 30 563,343 0.04 31 546,272 0.04 32 959,732 0.06 33 2,321,656 0.15 34 546,272 0.04 35 546,272 0.04 36 1,126,686 0.08 37 955,976 0.06 38 9,707,037 0.65 39 3,347,253 0.22 40 3,347,255 0.22 41 1,673,629 0.11 42 3,347,255 0.22 43 3,347,255 0.22 44 1,673,627 0.11 45 1,673,627 0.11 46 1,673,627 0.11 47 8,615,833 0.57 1 1 50 48 2,209,188 0.15 49 2,209,188 0.15 50 8,368,135 0.56 51 3,347,253 0.22 52 14,057,129 0.94
53 ( ) 3,892,188 0.26 54 8,368,137 0.56 1,500,000,000 100 1 1996 3 27 [1996]35 6 2 1996 [1995]24 ( ) 1. 1996 5 24 < > ( [1996]157 ) 1997 1 16 10001231-6 15 2. 1 1997 1996 4 30 1996 7 25 [1996]228 1997 4 3 [1997]146 15 25 2.8 1997 4 3 2.8 7.2 1.76 22.2 10,430,175.23 49,162,868 169,354,591 1 1 51
% 1 266,809,271 17.79 109,134,878 17.09% 2 173,288,029 11.55 70,881,225 11.10% 3 121,392,110 8.09 49,653,871 7.77% 4 138,247,736 9.22 56,548,447 8.85% 5 120,191,723 8.01 49,162,868 7.70% 6 120,191,723 8.01 49,162,868 7.70% 7 8 9 ( ) 3,892,188 0.26 1,592,049 0.25% 0 0 269,558,894 12.25% ( ) 0 0 61,004,900 2.77% 10 0 0 3,300,000 0.15% 720,000,000 2001 9 30 [2001]62 2002 10 14 1000001001231 22.2 2 2002 2002 10 8 2002 2002 9 17 [2002]102 246,666,667 6 4,966,320,000 246,666,667 2003 1 9 ( ) [2003]8 2003 1 24 1000001001231 2,466,666,667 3 2003 2003 9 10 2003 1 1 52
2003 11 26 [2003]142 10 10 4,933,333,334 2003 12 19 1000001001231 4,933,333,334 4 2004 H 2004 3 9 2004 2003 12 31 H [2003]228 2004 5 12 [2004]18 H 2004 6 10.33 1,387,892,000 H 1,261,720,000 126,172,000 1,170,751,698 H 6,195,053,334 H 2,558,643,698 41.30% 3,636,409,636 58.70% 2005 11 28 H 1000001001231 6,195,053,334 ( ) 1. 1 2 3 ( ) 6,828,399 2000 1 19 1,707,100 [2000]13 3,347,255 1 1 53
1 1 54 4 5 ( ) 6 2000 1 7 27 97,727,96 [2000]23 8 0 9 10 11 12 13 14 15 16 ( ) ( ) 682,840 2000 4 24 658,000 [2000]109 2,756,200 2000 9 30 169,354,5 [2000]264 ( ) ( ) 91 2000 11 23 396,068,3 17 [2000]354 47 18 2000 12 1,126,686 26 [2000]422
19 20 21 22 23 24 25 26 27 28 563,343 2001 1 9 [2001]18 2,756,200 2001 11 1,126,686 29 [2001]75 ( ) 12,741,79 3 2001 11 29 30,000,00 [2001]77 0 1,673,627 2002 1 15 [2002]4 9,707,037 3,347,255 2002 4 10 3,347,255 [2002]34 6,828,399 2002 5 15 14,057,12 29 [2002]42 9 30 31 2002 5 17 ( 169,354, [2002]51 ) 591 141,544,1 2002 6 49 19 1 1 55
190,000,0 [2002]52 00 44,400,00 0 32 1,673,629 33 1,092,544 100,000,0 00 34 ( 66,458,44 ) 2 2002 12 77,710,81 26 2 [2002]163 35 ( ) 2,209,188 36 853,550 37 38 39 1,707,100 2003 1 30 [2003]18 8,615,833 ( ) 2003 3 10 24,666,66 [2003]53 7 ( ) 40 2003 5 3,300,000 13 41 [2003]61 1,707,100 ( ) 1 1 56
42 682,840 2003 8 5 [2003]94 43 8,368,135 ( ) 44 45 46 47 2003 9 16 [2003]111 955,976 ( ) 2003 6 27 20,000,00 [2003]114 0 ( ) 4,153,550 2003 11 24 [2003]139 ( ) 2,209,188 171,045,9 2003 11 48 81 24 [2003]140 49 959,732 ( ) 50 546,272 51 52 53 54 88,000,00 0 2004 1 6,828,399 13 [2004]55 ( ) 6,828,399 3,347,255 1 1 57
55 56 57 58 59 60 61 62 63 64 65 [2005]53 25,000,00 0 [2005]53 4,643,312 [2004]137 39,960,00 0 [2004]152 331,117,7 88 [2004]159 2,185,088 [2005]55 37,231,66 6 [2005]74 13,000,00 0 [2005]76 1,160,828 [2005]101 11,112,88 6 [2005]107 963,178 ( ) 12,039,73 0 [2005]125 1 1 58
66 67 [2005]142 17,000,00 0 [2006]1 132,916,8 84 [2006]63 166,800,0 00 [2006]103 50,000,00 0 68 [2006]138 50,000,00 0 69 70 [2006]138 20,726,84 4 331,631,3 2005 8 06 25 [2005]745 282,297,9 ( ) 73 [2006]138 2,500,000 5,000,000 500,000 5,000,000 1,000,000 1 1 59
6,000,000 1 2004 6 15 2004 7 7 10% 2 2. [1998]95 1 2 3 4 5 6 7 8 9 10 - - - - 1 1 60 1998 9 23 2001 1 15 [2001]4 - - - 2001 11 29 [2001]75 11 2002 1 15
12 13 14 [2002]3 ( ( ) ) 2002 4 5 [2002]23 15 [2003]18 16 2003 4 8 2003 5 13 17 18 19 20 2003 11 5 2004 11 10 [2004]128 [2004]223 21 [2004]146 22 23 24 25 26 [2005]106 [2005]114 [2006]14 1 1 61
27 28 [2006]44 [2006]143 ( ) 1 1988 8 29 1988 14 2 1989 9 18 8909-105 3 1996 9 16 96 052 4 2002 7 3 [2002]26-A 5 2002 11 26 [2002] 641 6 2003 12 15 [2003] 1166 7 2005 11 18 [2005]134 ( ) 2004 2 16 [2004]14 49.33 6.68 13.54% 3.98 8.06% 1 1 62
H 2005 7 7 H [2005]117 H 17 5.89 9.51% 3.51 5.66% H 2006 12 6 [2006]255 2006 10 31 5.89 9.51% 3.68 5.93% ( ) 2001 12 5 [2001]197 2002 2 20 2002 2002 4 2 [2002]32 2002 7 8 2002 12 24 1000001003745 2002 6 11 [2002]0011 2002 7 8 2002 12 17 1000001003746 2002 6 11 [2002]0010 1 1 63
2002 10 28 [2002]98 [2002]350 [2002]351 2003 1 24 ( ) ( ) 2002 6 26 [2002]54 5 5% ( ) 5% 1. 1969 6 17 1,500 1 468.74 8 Canada Square,London,E14 5HQ,United Kingdom 76 9,500 1 1 64
2006 12 31 H 618,886,334 9.99% 1866 8 14 ( ) 300 224.94 1 20 600 5 20 2006 12 31 H 613,929,279 9.91% 1,232,815,613 19.90% 1959 1 1 7,500 5,782 8 Canada Square,London,E14 5HQ,United Kingdom 1.25 1 1 65
100% HSBC Finance( Netherlands) 100% HSBC Holdings BV 100% 100% HSBC Asia Holdings (UK) 100% HSBC Asia Holdings BV 100% 2. 2004 10 13 18 44 44 2006 12 31 543,181,445 8.77% [2006]A051 2005 12 31 31,475,812,508.28 13,794,862,152.01 2005 220,094,239.35 3. 1 1992 12 30 2.05 95% 5% 1 1 66
1010 2 [2002]54 2006 12 31 389,592,366 6.29% [2006] 016 2005 12 31 426,588,964.74 352,542,577.42 2005 55,519,711.09 2 (1992) 263 1996 5 27 ( ) 1997 3 25 [1997]35 1997 12 30 2.05 95% 5% 2006 11 5% 95% 5% 3 1992 11 14 1 1 67
[1992]505 1992 12 31 1992 263 1992 22,362,883.55 10% 1993 41,964,071.46 13,988,023.82 1993 1995 1995 12 31 138,247,736 1996 7 25 [1996]228 1996 12 99,525,266.72 1.76 / 56,548,447 2003 11 26 [2003]142 10 10 194,796,183 2004 4 20 [2004]210 2006 12 31 389,592,366 6.29% 4. 2000 10 27 1568 5 301-305 16 50% 2006 9 30 380,000,000 1 1 68
6.13% 2005 12 31 1,658,211,836.96 1,658,189,483.88 5. 1 1996 12 31 8,000 80% 20% 1010 2 [2006] 018 2005 12 31 414,723,964.63 364,933,526.21 2005 47,814,374.94 2 1999 10 15 [1999]48 [1999]47 80% 20% 3 2004 12 331,117,788 2006 12 31 331,117,788 5.34% 1 1 69
( ) 2002 9 17 [2002]102 2006 9 30 618,886,334 9.99% 2002 11 25 2008 12 31 2006 12 31 2009 12 31 2002 11 25 6 6% ( ) 100% 11.63% - 1. 1 1 70
1997 12 19 1999 6 23 1999 6 23 2. 1 1 71
3. 2001 10 2006 12 31 18,969 430,619,411 4,743,600 1.10% 500,000 0.12% 4,168,300 0.97% 5,000 0.00% 502,080 0.12% 992,800 0.23% 836,160 0.19% 2,358,240 0.55% 64,602 0.02% 300,000 0.07% 300,000 0.07% 735,040 0.17% 300,000 0.07% 1,721,520 0.40% 1,373,040 0.32% 1 1 72
300,000 0.07% 19,200,382 4.47% ( ) 1. 1992 9 9 10,000 B 8 2006 12 31 566,249,530.18 514,050,516.74 2006 356,482,926.73 ( ) 2. 63.34% 36.66% 2005 5.86% 2.93% 3.83% 0.44% 0.12% 1 1 73
0.35% Richard JACKSON 0.59% 1.76% 1.41% 3.57% 1.17% 3.81% 0.70% 26.54% 3. 4. 1 2005 2005 6-11,112,886 97,000,000 4.35 1 1 74
20.45% 2005 6 20 89 20.4526% 2005 6 10 2005-2006 2006 42.8874% 26.225% 63.34% 36.66% 2 2005 10 19-108,112,886 88,112,886 5. 1997 4 3 [1997]146 269,558,894 22.2 12.14% 2001 11 29 30,000,000 239,558,894 10.79% 1 1 75
2002 9 246,666,667 239,558,894 2,466,666,667 9.71% 2003 11 10 10 479,117,788 9.71% 2004 6 H 479,117,788 6,195,053,334 7.73% 2004 12 331,117,788 148,000,000 2.39% 2005 6 11,112,886 159,112,886 2.57% 2006 11 2,000 250 500 50 500 100 600 139,112,886 2.25% 2006 12 31 139,112,886 2.25% ( ) A 6,195,053,334 1 1 76
% % /A 3,636,409,636 58.70 4,786,409,636 65.17 A 1,150,000,000 15.66 H 2,558,643,698 41.30 2,558,643,698 34.83 6,195,053,334 100 7,345,053,334 100 ( ) 2006 12 31 % % 1 FLS 618,886,334 H 24.19 9.99 2 (FLS) 613,929,279 H 23.99 9.91 3 (SS) 543,181,445 14.94 8.77 4 389,592,366 10.71 6.29 5 380,000,000 10.45 6.13 6 331,117,788 9.11 5.34 7 (SLS) 301,585,684 8.29 4.87 8 200,000,000 5.50 3.23 9 195,455,920 5.37 3.16 10 176,000,000 4.84 2.84 3,749,748,816 60.53 SS State-own Shareholder SLS State-own Legal-person Shareholder FLS Foreign Legal-person Shareholder ( ) 2006 12 31 % % 1 CHAN MING HUNG 150,000 H 0.0059 0.0024 2 KONG YIU MAN SIMON 150,000 H 0.0059 0.0024 3 CHOW KIM SIN 100,000 H 0.0039 0.0016 4 TAM WING FAN 100,000 H 0.0039 0.0016 1 1 77
5 WONG LEUNG SAU HING 100,000 H 0.0039 0.0016 6 WU WAI KUEN ALBERT 100,000 H 0.0039 0.0016 7 YAM KAM MING 100,000 H 0.0039 0.0016 8 LO CHI HANG 86,000 H 0.0034 0.0014 9 CHIM CHUN HOP 50,000 H 0.0020 0.0008 10 LEE FUNG MEI 50,000 H 0.0020 0.0008 986,000 0.0385 0.0159 H ( ) 2006 12 31 01 (SS) 543,181,445 14.94% 8.77% 02 389,592,366 10.71% 6.29% 03 380,000,000 10.45% 6.13% 04 331,117,788 9.11% 5.34% 05 301,585,684 (SLS) 8.29% 4.87% 06 200,000,000 5.50% 3.23% 07 195,455,920 5.37% 3.16% 08 176,000,000 4.84% 2.84% 09 166,800,000 4.59% 2.69% 10 139,112,886 3.83% 2.25% 11 132,916,884 3.66% 2.15% 12 113,800,000 3.13% 1.84% 13 81,880,000 2.25% 1.32% 14 50,888,464 1.40% 0.82% 15 50,000,000 1.37% 0.81% 16 50,000,000 1.37% 0.81% 17 45,000,000 1.24% 0.73% 18 39,960,000 1.10% 0.65% 19 24,785,317 (SS) 0.68% 0.40% 20 23,000,000 0.63% 0.37% 21 20,726,844 0.57% 0.33% 1 1 78
22 17,000,000 (SLS) 0.47% 0.27% 23 (SLS) 14,754,569 0.41% 0.24% 24 13,656,798 0.38% 0.22% 25 13,656,798 0.38% 0.22% 26 13,000,000 0.36% 0.21% 27 (SS) 12,039,730 0.33% 0.19% 28 8,852,747 (SS) 0.24% 0.14% 29 8,307,100 0.23% 0.13% 30 6,000,000 0.16% 0.10% 31 5,901,829 (SLS) 0.16% 0.10% 32 (SLS) 5,901,826 0.16% 0.10% 33 5,901,826 (SLS) 0.16% 0.10% 34 5,512,400 0.15% 0.09% 35 5,000,000 0.14% 0.08% 36 5,000,000 0.14% 0.08% 37 4,779,880 0.13% 0.08% 38 4,643,312 0.13% 0.08% 39 3,012,008 0.08% 0.05% 40 41 42 43 44 ( ) 3,009,933 (SLS) 0.08% 0.05% 2,950,914 (SLS) 0.08% 0.05% 2,950,914 (SLS) 0.08% 0.05% 2,648,740 (SLS) 0.07% 0.04% 2,526,508 0.07% 0.04% 45 2,500,000 0.07% 0.04% 46 2,185,088 0.06% 0.04% 47 (SLS) 1,986,556 0.05% 0.03% 48 1,986,556 (SLS) 0.05% 0.03% 49 1,316,000 0.04% 0.02% 50 1,160,828 0.03% 0.02% 51 1,000,000 0.03% 0.02% 52 (SLS) 963,178 0.03% 0.02% 53 500,000 0.01% 0.01% 3,636,409,636 100.00% 58.70% 1 1 79
( ) 1 19.9% 2 13.88% 3 8.96% 4 2.76% 5 1.97% ( ) A 1 1 80
1 1 81
1 1 82 ( )
( ) 1 2 / 3 / 4 5 / IT 6 7 / ( ) 2006 12 31 18 15 3 1. 2002 12 17 38 1 1 83
99% 15 1% 2005 12 31 2,508.19 104.65 2005 28.40 2006 9 30 2,863.02 89.60 2006 1-9 29.03 2. 2002 12 24 30 99.062% 15 2005 12 31 141.12 22.86 2005 2.91 2006 9 30 186.45 22.94 2006 1-9 5.84 3. 1984 11 19 1995 42 99.881% 1 1 84
2005 12 31 75.29 42.93 2005 0.45 2006 9 30 119.42 45.17 2006 1-9 2.23 4. 1996 7 18 18 86.21% 9.9% 1.6667% 1.6667% 0.5556% 2005 12 31 36.81 14.41 2005 0.06 2006 9 30 65.37 16.34 2006 1-9 1.94 5. 1 1 85
1993 1 8 2003 9 29 50% 23% 2004 2 19 73% 6.14 73% 27% 2005 12 31 11.17 4.98 2005 0.07 2006 9 30 15.59 6.91 2006 1-9 0.03 6. 2004 12 13 3 95% 3% 1% 0.5% 0.5% 2005 12 31 2.96 2.93 2005 0.07 2006 9 30 2.94 2.91 2006 1-9 0.02 2006 12 15 [2006]1416 35 127 1 1 86
7. 2005 6 13 5 95% 2% 2% 0.5% 0.5% 2005 12 31 5.03 5.01 2005 0.01 2006 9 30 5.04 5.01 2006 1-9 0.0004 8. 2005 5 27 2 90% 5% 5% 2005 12 31 2.14 2.05 2005 0.05 2006 9 30 2.17 2.10 2006 1-9 0.05 9. 1996 10 24 55,500 5,549,999 1 1 1 87
2005 12 31 1.10 0.94 2005 0.01 2006 9 30 0.91 0.90 2006 1-9 0.03 10. 1976 8 17 8,000 75% 25% 2005 12 31 1.67 1.21 2005 0.01 2006 9 30 1.77 1.21 2006 1-9 0.002 11. 2006 5 2,500 2006 9 30 0.22 0.22 2006 5-9 0.04 12. 1996 4 10 5,000 49% 42% 9% 2005 12 31 0.83 0.46 2005 0.002 2006 9 30 1.74 0.46 2006 1-9 0.004 13. 1992 11 24 2,000 1 1 88
80% 20% 2005 12 31 0.72 0.71 2005 0.02 2006 9 30 0.72 0.71 2006 1-9 0.002 14. 1995 1 6 2,000 90% 10% 2005 12 31 0.82 0.69 2005 0.01 2006 9 30 0.82 0.73 2006 1-9 0.04 15. 2005 3 8 3 98.33% 1.67% 2005 12 31 3.04 3.03 2005 0.03 2006 9 30 3.11 3.11 2006 1-9 0.08 16. 2005 9 5 300 90% 10% 1 1 89
2005 12 31 0.03 0.03 2005 0.002 2006 9 30 0.04 0.04 2006 1-9 0.02 17. 2006 7 31 3,850 80% 20% 18. 1 1995 8 3 16 55.02 89.36% / 1995 7 17 16 1995 8 3 1 1 90
16 1998 3 26 2 2006 1 27 [2006]90 2006 7 28 / 1 10.08 63% 1 39.02 55.02 89.24% 10.08 10.08 2006 7 28 2006 9 29 2006 2006 11 30 [2006]397 2006 12 15 2006 1 1 91
7 6,611,320 49.17 89.36% ( ) 2006 9 30 48,286 34 1. % 41,849 86.67 1,939 4.02 185 0.38 4,313 8.93 48,286 100 2. % 1,522 3.15 16,833 34.86 18,061 37.40 11,870 24.58 48,286 100 3. % 30 22,366 46.32 31 40 19,069 39.49 1 1 92
% 41 50 5,888 12.19 51 60 853 1.77 60 110 0.23 48,286 100 ( ) 1. 2. 3. 1 1 93
4. 5. ( ) H 2004 6 H H [2004]61 ( ) [2004]18 1,170,751,698 H H H H H 2005 8 25 ( ) [2005]745 331,631,306 282,297,973 1 1 94
613,929,279 9.91% 2005 8 H H ( ) A A A 1 1 95
1988 1992 1994 1996 2002 2003 2004 2005 2006 12 18 20 4 3,000 3,000 200 2005 716.09 588.49 127.60 ( ) 1 1 96
1. (1) 1 1 97
70% (2) 1 1 98
(3) 2. ( ) Sigma 2006 5 2005 34,260 19,740 14,520 1 1 99
2.5% 3.9% 0.6% 2005 14.0% 2005 3 (2) (2) ( ) ( ) ( ) (1) ( ) ( ) (1) ( ) 2,226 1,715 9.9% 39.6 1.8% 30.5 20.5 0.9% 15.8 12,487 42,343 3.5% 517.1 4.1% 1,753.2 625.8 5.0% 2,122.0 4,521 35,542 2.7% 376.0 8.3% 2,956.3 100.5 2.2% 790.4 2,808 33,995 0.9% 90.2 3.1% 1,042.1 107.0 3.7% 1,268.4 2,101 34,958 1.4% 154.1 7.1% 2,474.6 68.2 3.1% 1,093.9 809 16,646 4.0% 58.8 7.3% 1,210.6 24.1 3.0% 495.5 798 723 7.7% 20.2 2.5% 18.3 4.8 0.6% 4.4 347 15,219 4.1% 38.8 11.2% 1,699.1 10.2 2.9% 446.4 367 49,595 1.9% 22.7 6.2% 3,078.1 18.3 5.0% 2,480.3 178 25,797 7.3% 15.3 8.6% 2,213.2 2.3 1.3% 331.7 (1) (2) (3) Sigma 2005 1.8% 0.9% 30.5 15.8 2000 2005 25.1% 2005 4,928.4 3,644.9 1,283.5 1 1 100
2000-2005 2000 2001 2002 2003 2004 2005 1,609 2,116 3,048 3,849 4,323 4,928 % 11.4 31.5 44.1 26.3 12.3 14.0 2005 5 498.24 437.34 392.84 333.63 291.23 1,953.28 39.6% 2005 1,132.8 11.6% 2005 14,315.8 3,357.2 52.3% 2005 845.6 2005 3,644.9 14.0% 2000 2001 2002 2003 2004 2005 1,003 1,425 2,275 2,983 3,198 3,645 (%) 13.3 42.1 59.7 31.1 7.2 14.0 2005 1,283.5 14.1% 2000 2001 2002 2003 2004 2005 606 691 773 866 1,125 1,284 % 8.4 14.0 11.9 12.0 30.0 14.1 ( ) 1. 2002 1 1 101
2005 6 2. 2003 77.7% 3. 4. 5. 2000 13 2005 40 22 1 1 102
( ) 1. 2010 2000 7.5% 2. 2000 65 7% 2015 9% 2025 12% 3. 4. 2010 2005 1 4% 750 5 1 1 103
5. 6. 7. WTO WTO ( ) 1998 11 18 ( ) 1995 2002 1 1 104
1. 2. 3. 4. 5. 20% 1 1 105
6. 7. 1 2 30% 10% 3 1 1 106
AA AA 30% 10% 4 30% 10% 5% 5 30% 10% 10% 3% 2000 10 15% 3% 10% 2004 10 5% 100% 80% 5% 10% 1 1 107
5% 2006 3 2006 6 2006 9 8. 2003 1 1% 4% 2 3 0.1% 3 5 0.15% 5 0.3% 1 1 108
1 1 18% 1 16% 2 3 7,000 26% 7,000 23% 100% ( ) 2005 82 6 1,800 12 152 ( ) 2005 % 1,609.49 44.2 588.49 16.1 362.01 9.9 210.78 5.8 178.05 4.9 696.08 19.1 3,644.90 100.0 1 1 109
2005 % 659.82 51.4 148.66 11.6 126.76 9.9 348.25 27.1 1,283.49 100.0 ( ) 2005 2005 2004 2003 588.49 548.77 589.59 (%) 16.1 17.2 19.6 126.76 106.44 84.18 (%) 9.9 9.5 9.7 2003-2005 1 2004 2005 27 42 2003 2005 77.0% 70.2% % 2006 2005 2004 2003 45.3 44.2 46.5 44.9 17.0 16.1 17.2 19.6 9.3 9.9 10.8 12.5 1 1 110
71.6 70.2 74.5 77.0 2003-2005 2006 2 H 2003 63.8% 2005 78.6% 2005 2004 2003 (%) (%) (%) (%) (%) 46,239 78.6 14.9 40,252 73.4 6.9 37,637 63.8 7,332 12.4 (15.5) 8,681 15.8 (19.3) 10,760 18.3 5,278 9.0 (11.2) 5,944 10.8 (43.7) 10,562 17.9 58,849 100.0 7.2 54,877 100.0 (6.9) 58,959 100.0 ( ) ( ) 1. 1 1 111
2006 2005 2005 2006 2. 1995 1996 1 1 112
3. 2006 9 30 70 3,000 20 9,000 24,000 PA18 2005 68% 65% 4. 3,000 200 2004 2005 8.73 13.38 8.1% 10.5% 5.40 2.52 5. 1 1 113
2003 2004 2005 2006 1-9 376.37 402.52 462.39 413.07 63.8% 73.3% 78.6% 79.6% 6. 1997 7. 2006 3,000 8. 1 1 114
2005 500 CRM 2005 ( ) 1 2 WTO ( ) 1. 35 2,000 2003-2005 2006 1-9 2006 1-9 2005 2004 2003 % % % % 41,307 79.6 46,239 78.6 40,252 73.4 37,637 63.8 5,102 9.8 5,278 9.0 5,944 10.8 10,562 17.9 1 1 115
5,492 10.6 7,332 12.4 8,681 15.8 10,760 18.3 51,901 100.0 58,849 100.0 54,877 100.0 58,959 100.0 (1) 2005 2006 1-9 78.6% 79.6% 2005 2006 1-9 19.6% 16.5% 2005 2006 1-9 38.1% 42.1% 2005 2006 1-9 22.4% 23.0% 2003 2005 2006 1-9 19.9% 18.4% 2006 9 30 19.5 2,384 19,811 1 1 116
2006 9 30 95.7% 1 2 3 4 PA18 PA18 2006 1-9 2005 2004 2003 / 3,631 4,446 3,245 3,039 / 2.2 2.3 2.3 2.7 PA18 13 25 1 1 117
1 1 118 2006 1-9 2005 2004 2003 13 88.7% 85.9% 87.5% 85.7% 25 80.0% 81.9% 80.3% 79.6% 2006 1-9 2005 2004 2003 (%) (%) (%) (%) 9,771 23.7 11,642 25.2 9,049 22.5 9,096 24.2 7,560 18.3 8,944 19.3 6,396 15.9 6,086 16.2 23 0.1 41 0.1 128 0.3 519 1.4 2,188 5.3 2,657 5.8 2,525 6.3 2,491 6.6 31,536 76.3 34,597 74.8 31,203 77.5 28,541 75.8 41,307 100.0 46,239 100.0 40,252 100.0 37,637 100.0 (2) 2005 2006 1-9 9.0% 9.8% 2005 2006 1-9 15.3% 5.3% 2005 2006 1-9 84.6% 94.6% 2005 2006 1-9 0.1% 0.1%
2006 9 30 130 24,000 2006 1-9 2005 2004 2003 (%) (%) (%) (%) 4,913 96.3 5,052 95.7 5,747 96.7 10,443 98.9 23 0.5 40 0.8 98 1.6 184 1.8 4,888 95.8 5,010 94.9 5,645 95.0 10,257 97.1 2 0.0 2 0.0 4 0.1 2 0.0 189 3.7 226 4.3 197 3.3 119 1.1 5,102 100.0 5,278 100.0 5,944 100.0 10,562 100.0 (3) 2005 2006 1-9 12.4% 10.6% 2005 2006 1-9 15.0% 17.4% 2005 2006 1-9 1 1 119
53.6% 44.6% 2005 2006 1-9 3.8% 4.8% 2005 2006 1-9 27.6% 33.2% 1,700 PA18 2006 1-9 2005 2004 2003 (%) (%) (%) (%) 5,140 93.6 6,875 93.8 8,215 94.6 10,287 95.6-0.0 1 0.0 1 0.0 1 0.0 3,319 60.4 4,850 66.2 6,730 77.5 8,916 82.9 1,821 33.2 2,024 27.6 1,484 17.1 1,370 12.7 352 6.4 457 6.2 466 5.4 473 4.4 5,492 100.0 7,332 100.0 8,681 100.0 10,760 100.0 (4) 1 1 120
1995 1999 5%-9% 50 (5) 2003-2005 2006 1-9 : 2006 1-9 2005 2004 2003 41,307 46,239 40,252 37,637 9,771 11,642 9,049 9,096 7,560 8,944 6,396 6,086 23 41 128 519 2,188 2,657 2,525 2,491 31,536 34,597 31,203 28,541 5,102 5,278 5,944 10,562 4,913 5,052 5,747 10,443 23 40 98 184 4,888 5,010 5,645 10,257 2 2 4 2 189 226 197 119 5,492 7,332 8,681 10,760 5,140 6,875 8,215 10,287-1 1 1 3,319 4,850 6,730 8,916 1,821 2,024 1,484 1,370 352 457 466 473 51,901 58,849 54,877 58,959 19,824 23,569 23,011 29,826 7,583 8,985 6,495 6,271 1 1 121
8,230 9,901 12,503 19,692 4,011 4,683 4,013 3,863 32,077 35,280 31,866 29,133 2006 1-9 2005 2004 2003 (%) 77.4 76.8 70.7 66.9 (%) 0.5 0.8 1.7 1.8 (%) 0.0 0.0 0.0 0.0 2006 9 2005 2004 2003 194,962 200,193 199,997 188,033 1,735 1,644 1,605 1,275 24,188 27,222 20,023 21,299 2. 39 1,300 2003-2005 2006 1-9 1 1 122
2006 1-9 2005 2004 2003 (%) (%) (%) (%) 8,647 67.0 7,935 62.2 6,600 61.5 4,847 57.0 3,604 27.9 4,259 33.4 3,744 34.9 3,491 41.1 658 5.1 566 4.4 387 3.6 162 1.9 12,909 100.0 12,760 100.0 10,731 100.0 8,500 100.0 2003-2005 2006 1-9 2006 1-9 2005 2004 2003 (%) (%) (%) (%) 12,828 99.4 12,676 99.3 10,644 99.2 8,418 99.0 81 0.6 84 0.7 87 0.8 82 1.0 12,909 100.0 12,760 100.0 10,731 100.0 8,500 100.0 2006 1-9 2005 2004 2003 (%) (%) (%) (%) 1,832 14.2 3,444 27.0 2,340 21.8 2,902 34.1 6,414 49.7 5,605 43.9 5,680 52.9 4,489 52.8 3,017 23.4 2,119 16.6 1,466 13.7 609 7.2 1,344 10.4 1,338 10.5 873 8.1 378 4.5 302 2.3 254 2.0 372 3.5 122 1.4 12,909 100.0 12,760 100.0 10,731 100.0 8,500 100.0 (1) 1 1 123
PA18 2003-2005 2006 9 2006 9 2005 2004 2003 8,671 7,708 6,975 6,742 (2) 2003-2005 2006 9 2006 9 2005 2004 2003 10,629 6,176 6,168 7,589 (3) (4) 2003-2005 2006 1-9 2006 1-9 2005 2004 2003 1,353 1,338 873 443 % 10.5 10.5 8.1 5.2 1 1 124
3. 2005 8 0.2% 1.2% 2006 12 15 35 127 4. 2005 1 1 125
5. (1) 2003-2005 2006 9 30 2006 9 2005 2004 2003 3,131.7 3,031.2 2,836.2 2,688.0 26.5 26.7 17.7 18.8 (2) 2003-2005 2006 9 30 2006 9 2005 2004 2003 501.3 600.6 551.9 393.3 167.8 168.0 61.3 51.5 6. (1) 1 1 126
(2) 20 1,700 24,000 8,000 10,000 (3) 1 1 127
(4) A- 2006 1-9 2005 2004 2003 520 810 813 981 % 1.0 1.4 1.5 1.7 2,900 3,431 3,309 2,819 % 22.5 26.9 30.8 33.2 2005 538 237 17 1 1 128
4 3 2006 9 30 2005 1,126 617 Aon Group Limited 317 CNOOC Insurance Limited 249 Munich Reinsurance Co., Hong Kong 227 2006 9 30 2003 HIH Casualty & General Insurance Ltd. HIH 55.5 HIH 2006 2,000 1,500 1,000 1,500 1,500 2006 9 30 1 1 129
% % 1 CNOOC and Shell Petrochemicals Company Ltd. AIG 3,563 ( 2.5 97.5 ) 2 3 4 CNOOC and Shell Petrochemicals Company Ltd. Nuclear Power Qinshan Joint Venture Co., Ltd. SAE Magnetics (HK) Ltd. &/or SAE Dongguan) AIG 3,008 ( 2.5 97.5 ) 7,492 5.1 94.9 7,442 CHUBB 1.6 98.4 INSURANCE CO. 5 CONOCOPHILLIPS CHINA INC. 700 8.4 91.6 6 SAE Magnetics (HK) Ltd. &/or SAE (Dongguan) 5,040 CHUBB 1.5 98.5 INSURANCE CO. 7 3,840 7.9 92.1 8 AT&S CHINA CO.LTD 3,479 3.6 96.4 FACTORY MUTUAL INSURANCE CO. 1 1 130
9 HNA GROUP COMPANY LIMITED/AIRPORT S AS PER SCHEDULE/SUBSID IARY/ASSOCIATED /AFFILIA 420 10.9 89.1 10 3,247 3.7 96.3 (5) (6) 1 1 131
10 2005 91.59% 10 ( ) 1. 1 1 132
(CFO) (1) CFO (2) 11 (3) (4) 2005 5 27 1 1 133
(5) 2. 2006 9 30 2,830 2006 1-9 2005 2004 115.98 92.32 63.56 4.6% 4.2% 3.6% 3. (1) (2) 1 1 134
(3) 4. (1) (2) (3) 1 1 135
(4) 5. ( ) 1. 2005 12 31 3.3 38.4 29.6 21.4 1 2 3 1 1 136
2003 4 2003 4 2. 2006 12 1 2004 2006 6 23 3 2006 10 2006 9 30 2005 2004 862 616 137 91 46 26 732 557 108 39 13 3 310 252 71 1,118 303 174 0% 2006 9 30 40% 23% 1 1 137
2 D10025840H0001 2005 12 31 1 45 150 1400 2004 17 3 15% 2006 2006 84,199 4,851 148 72,275 47,563 4.1% 6.5% 133.2% 136.4% 10.7% 1 1 138
2006 7 28 10.08 10.08 39.02 3 5 66% 2006 12 15 2006 12 15 2006 12 31 2006 2006 2 ( ) 1. 1 1 1 139
2 2005 1% 2002 51 34 17 96.56 2006 1-9 2005 2004 2003 288.02 181.95 181.57 73.02 56.93 10.95 4.78 0.56 105.75 80.88 49.3 14.15 84.48 2.61 22.27 9.49 74.69 31.18 67.1 5.77 0.07 0.02 2.24 9.68 58.82 79.53 58.1 31.29 11.23 15.2 0.1 0.02 657.53 371.92 385.26 143.98 2. 1 20 80 1990 1 1 140
2006 9 A B 1,396 15,784 52,283 7,616 2005 116 33 86 3 2005 2 2006 4 16 2003 2005 8 6,322 7,846 3,943 2006 9 30 22 2 2003 2005 12,782 14,492 11,742 1 1 141
2003 2005 12,416 51,986 15,158 2,926 1,723 261 2003 2005 7,832 4,758 1,208 ( ) 1. 2004 2006 5 18 12,000 2. 8 3,000 3. 6 1 1 142
1 1 143 1 2 3 4 5 6
4. 2006 9 30 ( ) 2005 500 500 CRM 2005 1. 1,000 50% 90% 1 1 144
2. 1 2002 3,000 2003 3,000 600 2004 2 2002 / B/S / 1 1 145
1 1 146 3 2000 PA18 4 2006 CMMI 2 CMMI 2 CMMI 5 2004 BSI ISO9000 IT 2004 ITIL IT IT IT IT IT IT 6
2004 IT 2006 9 143 93 2004 10 BS7799 2005 BS7799 BS7799 3. IT 2006 1 1 147
2003 2004 2005 2006 1-9 5 1.6% 1.1% 1.1% 1.4% 50% 5% ( ) 1 2006 9 30 2005 12 31 2004 12 31 2003 12 31 7,833 7,071 6,949 6,745 (2,451) (2,235) (2,017) (1,692) (353) (323) (301) (213) 5,029 4,513 4,631 4,840 1. 2006 9 30 2005 12 31 2004 12 31 2003 12 31 5,353 4,751 4,852 4,831 (955) (895) (760) (603) (353) (323) (301) (213) 4,045 3,533 3,791 4,015 (1) 1 1 148
2006 11 24 248 567,454.2 2006 9 30 10 663.09 2006 12 31 2 2006 9 30 33 17,804.45 1 1 149
2006 9 30 20 53,076.07 33 20 41 66,164.28 10 3,836.18 2 880.06 2006 12 31 6 40,911.34 16 109,643.25 / 2006 9 30 790 (2) 1 1 150
2006 11 24 2 231,560.1 2. 2006 9 30 2005 12 31 2004 12 31 2003 12 31 1,324 1,346 888 791 (27) (27) (27) (11) 1,297 1,319 861 780 2006 9 30 3 3. 1 1 151
177 186 151 110 156 150 133 134 2006 9 30 2005 12 31 2004 12 31 2003 12 31 407 347 222 122 (230) (161) (71) (12) - - - - % 43.5 53.6 68.0 90.2 1,673 1,573 1,426 1,328 651 644 556 581 (1,022) (929) (870) (747) - - - - % 38.9 40.9 39.0 43.8 400 400 449 464 (244) (250) (316) (330) - - - - % 39.0 37.5 29.6 28.9 = / *100% ( ) 3 2006 9 30 2005 12 31 2004 12 31 2003 12 31 106 103 76 57 - - - - 106 103 76 57 1. 2006 9 30 169 1 1 152
2. 2006 9 30 45 49 4 3. 2006 9 30 2006 9 30 E10021SXZ IC2004034 L10031SZX IC2004036 P10031SZX 00297894 IC2004003 Z27574000 SC200505 Z 019 92003 215 W10042900H0001 E10081VSH 0036 0004 L10391VSH F10051VSH1 A032035038 1 1 153
1996 2006 12 34 2003-2005 2006 1-9 0.82 0.87 0.84 0.81 1 1 154
( ) 1 1 155
1 1 156
1. 1 2 3 4 2. 1 1 157
1 2 3 4 5 6 7 8 3. (1) 1 1 158
1 1 159 (2) (3)
/ (4) 4. 1 1 160
1 2 3 4 ( ) 1. 1 1995 2 1997 3 2000 4 2002 5 2003 6 2003 7 2006 1 1 161
2. IT 1 ALM 2 3 4 5 3. 1 Committee of Sponsoring Organizations of the Treadway Commission COSO ERM 2 3 4. 1 2005 1 1 162
2 ( ) 1. : 1 2 3 4 5 6 1 1 163
2. 2004 2005 1 2 3 4 5 1 1 164
3. 1 2 3 4. 1 1 1 165
1 2 5. 1 1 166
1 2 3 4 5 ( ) 1. 2. 1 1 167
1 1 1 168
/ / / 2 1 1 169
3 1 1 170
4 2005 BS7799 ( ) 2006 9 30 1 1 171
19.90% ( ) 2005 8 31 19.90% 19.90% 9.99% 9.91% 2005 8 31 9.91% 9.99% ( ) 5% 5% 2006 9 30 1 1 172
1 8.77% 2 6.29% 3 6.13% 4 5.34% ( ) ( ) ( ) 2006 9 30 ( ) 2006 7 28 1 10.08 63% 5.35 5.35 1 1 173
1 39.02 6,611,320 49.17 89.36% ( ) 2002 11 25 6 ( ) 1. 2006 9 30 2005 12 31 308 232 1 1,900 5.52% 2004 10 13 2024 10 13 2. 2006 9 30 9 2005 8 31 2005 12 31 4 10 3 2005 8 31 ( ) 2003 10 22 1 1 174
1 1 2003 10 21 6 19 314 2 2003 ( ) 2006 9 30 9 2005 2004 2003 52 62 51 38 1 1 175
1 1 176
( ) 1. 19 3 12 4 Anthony HOPE Philip 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 1 1 177
51 1994 4 2001 4 1988 3 43 2006 5 2003 10 2003 2 2000 2 1993 2000 53 1995 3 1994 10 2003 2 1990 7 Anthony Philip HOPE 59 2002 11 HOPE 2005 8 25 HOPE 1987 1996 55 1 1 178
1 1 179 2005 6 2005 8 2004 9 2004 4 2004 9 1992 12 2004 4 55 2006 5 2005 4 1980 1996 1997 2000 2002 56 2006 5 1998 1 1987 6 1993 2 46 2002 5 51
1 1 180 2003 5 2002 1988 1998 2000 41 2003 5 2004 44 2003 5 2000 1997 2000 60 2002 10 2001 McMaster 58 2004 3 2003 4 2003 6 2003 11 52 2003 10 1992 12 36
2002 10 75 1995 9 2003 1999 1987 13 1988 1993 57 2003 5 Tom Online Inc. 1984 1998 1992 1997 2006 1 2005 7 57 2003 5 1 1 181
2005 12 31 56 2005 6 2004 9 1994 5 2006 5 2006 4 2006 10 31 2006 5 8 2. 2006 5 25 2006 Anthony Philip HOPE ( ) 1. 9 3 3 3 1 1 182
2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 72 2006 5 2009 5 2006 5 2009 5 2006 5 2009 5 1994 8 2003 5 1994 68 2003 5 2003 4 64 2006 5 1 1 183
43 2006 5 37 2006 5 37 2003 5 EMBA 51 2006 5 42 2003 5 1991 9 39 2006 5 MPA 2. 1 1 184
2006 5 25 2006 2006 ( ) 1. Richard JACKSON John Pearce Richard JACKSON John Pearce 51 1994 4 2001 4 1 1 185
43 2003 10 2003 2 53 1994 10 2003 2 2006 5 59 2006 6 2006 3 2004 1 2004 1 2004 1 2006 1 1996 2003 1989 1996 1975 1989 Richard JACKSON 50 2005 11 JACKSON 2005 11 1985 2005 JACKSON 1974 1985 JACKSON JACKSON 50 2003 2 2001 5 2001 6 2003 2 1995 1 1 186
2001 HPC John Pearce 43 2007 1 Pearce 2007 1 2003 Pearce 2000 2003 1991 2000 Pearce Pearce Macquarie 37 2007 1 1992 2004 2 2007 1 2003 2 2007 1 2002 2003 1992 2002 1999 37 2007 1 2005 8 2003 9 2000 2 2004 12 2007 1 2003 9 2007 1 Hamilton 50 2004 1 2006 7 1989 6 2005 8 2006 7 1 1 187
2002 2004 1998 2002 1995 1997 1994 1995 49 2007 1 2002 6 1992 2003 2 2007 1 2002 6 2006 5 1999 2002 1996 1999 1995 1996 44 2007 1 2006 2 2003 2 2002 6 2006 2 2007 1 2003 10 2006 2 2002 2003 2001 2002 1993 2001 Olivetti Olivetti & Oracle AT & T 2. 2006 5 26 Richard JACKSON 2006 11 22 John Pearce 1 1 188
1 1 189 ( ) 1. 248,000 H 177,500 H 2. 1 2003 8 30 88,000,000 2003 12 [2003]142 10 10 176,000,000 2 2005 63.34% 139,112,886 2.25% 3. 4.47% 11.63%
( ) ( ) 176,000,000 44,000,000 88,000,000 ( ) 300,000 150,000 2006 9 30 2005 2006 9 30 500 3 5,231 1 1 190
24 2005 19 200 499 3 100 199 1 80 99 1 60 79 2 40 59 1 20 39 6 20 7 500 4 200 499 2 100 199 0 80 99 0 60 79 0 40 59 2 20 39 6 20 5 5,440 ( ) 2004 1 H 2004 2008 2004 H 10.33 4,192 2007 2008 2009 1,397.33 2005 2008 2005 1,572 12.47 2006 1,572 21.5 4% 2004 1,103.80 2005 343.60 1 1 191
Anthony Philip HOPE 2003 2004 2005 ( ) 2003 5 16 2003 5 16 2003 5 16 2003 5 16 2003 5 16 2003 5 16 1 1 192
2003 10 10 2004 11 4 2004 12 10 Dicky Peter YIP ( ) 2005 5 1 2006 5 25 Henry CORNELL ( ) 2006 5 25 2003 10 10 2004 3 9 2005 6 23 2005 6 23 2006 5 25 2006 5 25 2006 5 25 ( ) 2003 5 16 2003 5 16 2003 5 16 2003 5 16 2003 5 16 2003 5 16 2006 5 25 2006 5 25 2006 5 25 2006 5 25 2006 5 25 2006 5 25 2006 5 25 2006 5 25 2006 5 25 2006 5 25 ( ) 2003 2 2003 2 2003 2 1 1 193
Stephen Thomas MELDRUM Richard JACKSON John Pearce 2003 2 2003 2 2003 8 2003 8 2003 10 2004 1 2005 10 2005 11 2006 6 2006 5 2007 1 2007 1 2007 1 2007 1 2007 1 2003 2 2005 8 2006 3 1 1 194
2006 7 2006 12 2006 12 Stephen Thomas 2007 1 MELDRUM 1 1 195
1994 2004 8 2005 2006 1 1 196
( ) 1. 2. 2003 1 1 ( ) 1. 1 1 197
19 19 3 12 4 3 4 12 2. 3. 2003 1 1 4. 3 (1) Anthony Philip HOPE 5 1 1 198
(2) Anthony Philip HOPE 5 (3) 5 ( ) 1. 9 3 2. 1 1 199
3. 2003 1 1 ( ) 1. 1 1 200
2. ( ) 1. 2. ( ) 8 1 1 201
CEO ( ) 2006 9 30 7 17 25 49 1 1 202
1 1 203 1 2 3
/ / ( ) 3-5 1 1 204
1 1 205 2006 9 30 1 10 219 12,299,400 10 21 8,690,800 4 2 85 38.29% 96 43.24% 41 18.47% 2006 12 31 209 94.14%
1 1 206
2003 2004 2005 12 31 3 2006 9 30 9 2006 246008 22 ( ) ( ) 50% 1 2 3 2006 9 30 1 1 207
99.00% - 3,800 99.00% - 1,600 99.52% - 4,200-85.80% 1,800-72.65% 614 95.00% 4.96% 300 90.00% 9.90% 200 95.00% 4.96% 500 ( ) 100.00% - 55 ( )- 75.00% 80-92.80% 50-99.52% 20-99.52% 20-74.25% 5 ( ) - 99.52% 300-99.52% 3 ( ) - 100.00% 25-79.62% 39 1 1 208
( ) 2006 2005 2004 2003 2006 2005 2004 2003 9 30 12 31 12 31 12 31 9 30 12 31 12 31 12 31 25 14 12 14 - - - - 90,736 80,291 95,326 85,869 8,848 11,753 18,206 4,888 624 185 90 336 - - - - 38 20 4 - - - - - 796 426 559 - - - - - 18,245 16,533 4,099 5,991 4,600 2,935 148-361 131 - - - - 41-904 401 63 - - - - - 1,220 864 545 297 - - - - 850 - - 2,968 25 - - - 1,931 438 718 579 248 22 126 9 3,137 749 617 439 - - - - 805 720 381 173 - - - - 34 36 35 15 - - - - 224 226 86 174 - - - - 61 34 20 16 - - - - 1,661 431 286 704 1,401 4 1 6 3 4 6 6 - - - - 104 90 78 78 1 1 - - 92 94 83 90 - - - - 66 - - - - - - - 1,341 780 1,702 1,896-198 - - 123,258 102,467 104,710 99,645 15,123 14,913 18,522 4,903 7,597 3,007 235 260 18,124 17,960 13,121 10,044 299 330 328 249 - - - - 166,221 151,966 110,479 65,228 1,599 829 - - 6,408 6,978 3,293-310 - - - 180,525 162,281 114,335 65,737 20,033 18,789 13,121 10,044 1,030 130 67 21 - - - - 7,833 7,071 6,949 6,745 73 41 13 5 (2,451) (2,235) (2,017) (1,692) (14) (7) (4) (3) 5,382 4,836 4,932 5,053 59 34 9 2 (353) (323) (301) (213) - - - - 5,029 4,513 4,631 4,840 59 34 9 2 1,297 1,319 861 780 3 3 - - - - 1 1 - - - - 6,326 5,832 5,493 5,621 62 37 9 2 128 126 78 59 12 11 2-34 37 46 159 3 3 - - 1,240 1,240 1,200 1,200 - - - - 22 26 32 39 - - - - 34 47 91 95 - - - - 20,216 15,898 12,903 10,059 - - - - 21,674 17,374 14,350 11,611 15 14 2-80 20 12 22 35 - - - 332,893 288,104 238,967 182,657 35,268 33,753 31,654 14,949 1 1 209
2006 2005 2004 2003 2006 2005 2004 2003 9 30 12 31 12 31 12 31 9 30 12 31 12 31 12 31 : 800 - - - - - - - 64 18 29 - - - - - 194 37 - - - - - - 79 - - - 308 274 - - 3,271 7,095 601 200 200 645 - - 136 76 54 42 - - - - 575 557 502 455 - - - - 753 533 477 420 - - - - 618 1,880 1,627 2,129 - - - - 11 58 106 130 - - - - 122 77 35 109 - - - - 828 475 245 103 250 66 - - 236 142 155 99 19 17 6 3 63 - - - - - - - 3,688 2,864 1,977 1,189 - - - - 86 76 74-86 76 74-969 673 691 508 24 2 27 20 1,617 1,361 2,773 1,596 19 9 1,341 44 63 15 41 28 3-29 - 5,960 4,928 3,874 3,102 - - - - 8,538 6,241 4,869 3,833 - - - - 115 60 827 - - - - - 3,003 1,730 1,814 2,195 - - - - 31,789 28,896 20,771 16,138 909 1,089 1,477 67 : 2,478 2,414 1,895 1,471 - - - - 213,317 183,096 154,098 125,648 - - - - 29,942 24,569 18,626 13,337 - - - - - - - 710 - - - - 38 40 43 49 - - - - 155 - - - - - - - 1 2 2 2 - - - - 20,216 15,898 12,903 10,059 - - - - 18,366 15,276 13,045 10,132 - - - - 266,147 226,019 187,567 151,276 - - - - 297,936 254,915 208,338 167,414 909 1,089 1,477 67 598 525 452 361 - - - - : 6,195 6,195 6,195 4,933 6,195 6,195 6,195 4,933 15,163 15,163 15,147 3,130 15,163 15,163 15,147 3,130 5,526 5,526 5,025 4,634 5,526 5,526 5,025 4,634 395 395 395 395 395 395 395 395 59 35 - - 59 35 - - 7,021 5,350 3,415 1,790 7,021 5,350 3,415 1,790 - - 867 592 - - 867 592 34,359 32,664 30,177 14,882 34,359 32,664 30,177 14,882 332,893 288,104 238,967 182,657 35,268 33,753 31,654 14,949 1 1 210
( ) 2006 2006 9 30 2005 2004 2003 9 30 2005 2004 2003 9 9 64,810 71,609 65,608 67,459 - - - - 25 15 10 38 - - - - (3,420) (4,241) (4,122) (3,800) - - - - 61,415 67,383 61,496 63,697 - - - - (7,645) (8,222) (6,561) (6,032) - - - - 1,773 2,475 1,929 1,737 - - - - 36 49 44 33 - - - - (4) (4) (18) (17) - - - - (813) (982) (829) (649) - - - - (1,888) (3,263) (2,210) (2,352) - - - - (1,692) (2,447) (2,705) (1,821) - - - - (5,803) (6,956) (4,542) (4,312) - - - - (2) (2) (4) (14) - - - - (1,269) (964) (877) (843) - - - - (4,499) (4,962) (4,374) (4,819) - - - - (1,238) (910) (769) (564) (4) (2) - - (6,084) (7,032) (6,098) (5,606) (430) (410) (171) (96) 1,255 1,371 1,376 1,247 - - - - (203) (209) (106) (84) - - - - (28,076) (32,058) (25,744) (24,096) (434) (412) (171) (96) 1 1 211
2006 2006 9 30 2005 2004 2003 9 30 2005 2004 2003 9 9 (5,960) (4,928) (3,874) (3,102) - - - - 4,928 3,874 3,102 1,871 - - - - (8,538) (6,241) (4,869) (3,833) - - - - 6,241 4,869 3,833 3,681 - - - - (2,478) (2,414) (1,895) (1,471) - - - - 2,414 1,895 1,471 1,170 - - - - (231,683) (198,372) (167,143) (135,780) - - - - 198,372 167,143 135,780 99,628 - - - - (29,942) (24,569) (18,626) (13,337) - - - - 24,569 18,626 13,337 8,829 - - - - (42,077) (40,117) (38,884) (42,344) - - - - (8,738) (4,792) (3,132) (2,743) (434) (412) (171) (96) 19 215 170 111 3 5 - - 10,894 5,885 2,986 2,608 3,802 3,205 2,393 1,862 2,704 3,800 3,885 3,720 342 581 425 301 6-41 133 - - - - 259 131 143 73 - - - - 85 79 107 28 - - - - 106 83 49 14 - - - - (295) (408) 1 - (15) (3) 4 - (40) (16) (22) (19) (20) - - - (977) (1,064) (843) (988) - - - - (50) (91) (21) (224) (7) (3) - - 3,973 3,822 3,364 2,713 3,671 3,373 2,651 2,067 29 57 29 27 - - 3 - (92) (123) (176) (85) (1) - - - 3,910 3,756 3,217 2,655 3,670 3,373 2,654 2,067 (172) (388) (580) (524) 7 (35) (46) 39 3,738 3,368 2,637 2,131 3,677 3,338 2,608 2,106 (61) (30) (29) (25) - - - - 3,677 3,338 2,608 2,106 3,677 3,338 2,608 2,106 1 1 212
( ) 2006 2006 9 30 2005 2004 2003 9 30 2005 2004 2003 9 9 3,677 3,338 2,608 2,106 3,677 3,338 2,608 2,106 / 5,350 3,415 1,790 493 5,350 3,415 1,790 493 9,027 6,753 4,398 2,599 9,027 6,753 4,398 2,599 - (334) (261) (211) - (334) (261) (211) - (167) (130) (105) - (167) (130) (105) (24) (35) - - (24) (35) - - 9,003 6,217 4,007 2,283 9,003 6,217 4,007 2,283 (1,982) (867) (592) (493) (1,982) (867) (592) (493) / 7,021 5,350 3,415 1,790 7,021 5,350 3,415 1,790 1 1 213
( ) ; 2006 2006 9 30 2005 2004 2003 9 30 2005 2004 2003 9 9 58,540 68,488 61,538 63,201 - - - - 699 362 244 228 - - - - - 300 - - - - - - 45 42-96 - - - - - - 55 - - - - - - - - 146 - - - 146 2,163 276 2,304 549-2 1,334 2,651 61,447 69,468 64,141 64,220-2 1,334 2,797 (7,427) (8,295) (6,355) (6,105) - - - - (977) (1,130) (1,248) (1,217) - - - - - - (74) - - - - - (2) (25) - (72) - - - - (2) (3) (6) (20) - - - - (1,209) (942) (865) (854) - - - - (4,481) (4,907) (4,327) (4,856) - - - - (809) (982) (829) (643) - - - - (1,857) (3,811) (2,506) (2,463) - - - - (1,633) (1,817) (2,287) (1,669) - - - - (4,859) (5,876) (3,866) (2,950) - - - - (153) (177) (87) (37) - - - - - (340) - (756) - - - - (2,757) (2,967) (2,519) (2,187) (148) (159) (82) (42) (896) (794) (655) (519) (3) (2) - (1) (116) (437) (335) (734) (4) (62) (44) (546) (134) (112) (36) (46) (3) (5) - (3) (148) (976) - - - - - - (2,637) (4,067) (3,776) (3,914) (87) (1,524) (78) (278) (30,097) (37,658) (29,771) (29,042) (245) (1,752) (204) (870) 31,350 31,810 34,370 35,178 (245) (1,750) 1,130 1,927 1 1 214
2006 2006 9 30 2005 2004 2003 9 30 2005 2004 2003 9 9 62,016 31,516 39,315 25,532 6,919 1,069 2-1,240 267 393 159 4,937 1 - - 3,785 4,347 2,565 2,854 33 29 - - - 1,055 - - - - - - 466 392 13 - - - - - 1,104 1,000 255 228 - - - - 118 67 46 22 - - - - - - - - - 41 - - 186 111 22 6 - - - - 894 391 40,317 35,877 185-50 - 971 4,080 3,604 3,872 117 685 308 292 7,949 34,003 9,736 13,292 4,828 20,565 1,167 928 - - 295 2,436 - - - - - - - 224 - - - - 78,729 77,229 96,561 84,502 17,019 22,390 1,527 1,220 (1,122) (1,079) (470) (743) (39) (45) (10) (2) (69,848) (66,994) (67,730) (55,964) (12,303) (3,015) (48) - (230) (131) - - - - (41) - (2,862) (1,619) (596) (353) - - - - (1,743) (391) (37,326) (29,588) (210) - (50) - (1,777) (21,472) (4,206) (10,298) (788) (20,990) (121) (322) (1,950) (1,170) (7,617) (7,788) (225) - (6,961) - (12,834) (10,156) (13,128) (1,785) (404) - - - - - (158) - (1,386) (1,680) (688) (2,206) (400) (8,571) (5,503) - - - - - (357) (282) (15) (198) - - - - (93,123) (111,865) (136,749) (106,717) (15,355) (25,730) (7,919) (2,530) (14,394) (34,636) (40,188) (22,215) 1,664 (3,340) (6,392) (1,310) 76-13,279 - - - 13,279-955 - - - - - - - 79 - - - 34 274 - - 68,816 119,455 27,067 186,459 11,817 7,716 - - 69,926 119,455 40,346 186,459 11,851 7,990 13,279 - (2,022) (865) (518) (493) (1,972) (866) (518) (493) - - - - (16) - - - (72,687) (113,042) (26,708) (194,797) (12,269) (7,074) - - (74,709) (113,907) (27,226) (195,290) (14,257) (7,940) (518) (493) (4,783) 5,548 13,120 (8,831) (2,406) 50 12,761 (493) (295) (408) 1 - (15) (3) 4 - /( ) 11,878 2,314 7,303 4,132 (1,002) (5,043) 7,503 124 1 1 215
2006 2006 9 30 2005 2004 2003 9 30 2005 2004 2003 9 9 3,677 3,338 2,608 2,106 3,677 3,338 2,608 2,106 61 30 29 25 - - - - 360 537 438 362 7 3 1-41 43 28 17 4 1 - - 15 37 120 205 2 - - - (17) (27) 10 2 - - - - /( ) /( ) 88 98 (21) (59) (1) 1 - - 31 38 26 6 2 2 2 7 /( ) (124) (734) 464 (375) - - - - /( ) (70) 103 118 (23) - - - - 61 77 118 63 - - - - /( ) - (73) 2 - - - - - (11,623) (9,015) (7,134) (5,447) (4,122) (3,785) (2,820) (2,170) 295 408 (1) - 15 3 (4) - - - - 84 - - - - 38,987 37,886 35,971 40,059 - - - - /( ) (2,851) (700) 378 (1,429) (46) (4) 5 2,567 /( ) 2,419 (236) 1,216 (418) 217 (1,309) 1,338 (583) 31,350 31,810 34,370 35,178 (245) (1,750) 1,130 1,927 /( ) / 29,408 17,530 15,216 7,913 1,635 2,637 7,680 177 /(17,530) (15,216) (7,913) (3,781) (2,637) (7,680) (177) (53) /( ) 11,878 2,314 7,303 4,132 (1,002) (5,043) 7,503 124 1 1 216
( ) 2006 2005 9 30 9 2004 2003 / 6,195 6,195 4,933 2,467 / - - 1,262 2,466 - - - 2,466 - - 1,262 - / 6,195 6,195 6,195 4,933 / 15,163 15,147 3,130 5,596 / - - - (2,466) - - - (2,466) - - 12,017 - - 16 - - / 15,163 15,163 15,147 3,130 / 1,719 1,385 1,124 913-334 261 211 783 - - - / 2,502 1,719 1,385 1,124 / / 3,024 3,024 3,024 3,024 / 783 616 486 381-167 130 105 (783) - - - / - 783 616 486 / / 395 395 395 395 / 35 - - - 24 35 - - / 59 35 - - / 5,350 3,415 1,790 493 / 3,677 3,338 2,608 2,106 - (334) (261) (211) - (167) (130) (105) (24) (35) - - (1,982) (867) (592) (493) / 7,021 5,350 3,415 1,790 34,359 32,664 30,177 14,882 ( ) 1 1 1 1 217
( ) ( ) 1 2 3 1 1 218
4 ( ) 1. 1 ( 1 ) 1 2. 90 3. 90 4. ( ) ) ( [2001]416 ) 1 1 219
( ) 1. 1 (2) (3) 10 2. 1 1 220
3. 4., ( ) 1-30 - 35 5% 5 5% 5-8 5% 1 1 221
( ) 3 ( ) 3 ( ) 2005 1% 6% 2005 [2004]16 1 1 222
1 1% 2 0.15% 3 0.05% 1% 6% ( ) 1 1 1/365 [1999]90 50% ( ) 4% 2006 9 1 [2006] 8 Bornhuetter-Ferguson ( ) 1 1 1 1 223
( ) [1999] 90 [2003]67 [2005]8 ( ) [1999]90 2005 ( ) 1 1 224
( ) 1 2 3 ( ) 1 1 225
( ) ( ) ( ) Black Scholes 1 1 226
( ) 1 5% 2 / 15% 33% 17.5% ( ) 1 1 227
1 35 2,000 2 39 1 1 228
1,000 3 2006 4 16 4 2002 51 34 17 96.56 5 2006 6 23 6 7 1 1 229
2006 9 30 9 51,901 12,909 - - - - - - 64,810-25 - - - - - - 25 (520) (2,900) - - - - - - (3,420) 51,381 10,034 - - - - - - 61,415 (1,726) (5,919) - - - - - - (7,645) 414 1,359 - - - - - - 1,773-36 - - - - - - 36 - (4) - - - - - - (4) (813) - - - - - - - (813) (1,888) - - - - - - - (1,888) (1,692) - - - - - - - (1,692) (5,803) - - - - - - - (5,803) - (2) - - - - - - (2) (218) (1,085) - - - - - 34 (1,269) (4,499) - - - - - - - (4,499) (489) (705) (26) (9) (1) (4) (4) - (1,238) (3,185) (2,099) (248) (65) (16) (430) (76) 35 (6,084) 195 1,060 - - - - - - 1,255 (103) (100) - - - - - - (203) (19,807) (7,459) (274) (74) (17) (434) (80) 69 (28,076) 1 1 230
2006 9 30 9 (3,094) (2,866) - - - - - - (5,960) 2,338 2,590 - - - - - - 4,928 (2,333) (6,205) - - - - - - (8,538) 1,980 4,261 - - - - - - 6,241 - (2,478) - - - - - - (2,478) - 2,414 - - - - - - 2,414 (231,683) - - - - - - - (231,683) 198,372 - - - - - - - 198,372 (29,942) - - - - - - - (29,942) 24,569 - - - - - - - 24,569 (39,793) (2,284) - - - - - - (42,077) (8,219) 291 (274) (74) (17) (434) (80) 69 (8,738) 7 1 2 (16) - 3 62 (40) 19 10,175 360 167 35-133 24-10,894 2,258 92-44 12 342 8 (52) 2,704 6 - - - - - - - 6 - - 226 60 1-1 (29) 259 10-75 - - - - - 85 - - 76 2 26-2 - 106 (254) (12) (1) (1) 1 (15) (13) - (295) - (2) (50) - (19) (20) (1) 52 (40) (977) - - - - - - - (977) (35) (6) - (2) - (7) - - (50) 2,971 724 221 48 4 2 3-3,973 5 2 2 20 - - - - 29 (72) (7) (2) (10) - (1) - - (92) 2,904 719 221 58 4 1 3-3,910 (1) (135) (27) (9) (1) 7 (6) - (172) 2,903 584 194 49 3 8 (3) - 3,738 1 1 231
2005 58,849 12,760 - - - - - - 71,609-15 - - - - - - 15 (810) (3,431) - - - - - - (4,241) 58,039 9,344 - - - - - - 67,383 (2,058) (6,164) - - - - - - (8,222) 564 1,911 - - - - - - 2,475-49 - - - - - - 49 - (4) - - - - - - (4) (982) - - - - - - - (982) (3,263) - - - - - - - (3,263) (2,447) - - - - - - - (2,447) (6,956) - - - - - - - (6,956) - (2) - - - - - - (2) (206) (818) - - - - - 60 (964) (4,962) - - - - - - - (4,962) (188) (700) (10) (6) - (2) (4) - (910) (4,007) (2,336) (199) (36) (12) (410) (57) 25 (7,032) 227 1,144 - - - - - - 1,371 (116) (93) - - - - - - (209) (24,394) (7,013) (209) (42) (12) (412) (61) 85 (32,058) 1 1 232
2005 (2,338) (2,590) - - - - - - (4,928) 1,842 2,032 - - - - - - 3,874 (1,980) (4,261) - - - - - - (6,241) 1,621 3,248 - - - - - - 4,869 - (2,414) - - - - - - (2,414) - 1,895 - - - - - - 1,895 (198,372) - - - - - - - (198,372) 167,143 - - - - - - - 167,143 (24,569) - - - - - - - (24,569) 18,626 - - - - - - - 18,626 (38,027) (2,090) - - - - - - (40,117) (4,382) 241 (209) (42) (12) (412) (61) 85 (4,792) 144 10 29 4 1 5 56 (34) 215 5,545 252 7 11-60 10-5,885 3,079 144-4 6 581 6 (20) 3,800 - - 117 62 - - 3 (51) 131 48-31 - - - - - 79 - - 55 7 19-2 - 83 (379) (8) (1) (1) - (3) (16) - (408) (1) (3) (25) - (7) - - 20 (16) (1,064) - - - - - - - (1,064) (82) (3) (1) (2) - (3) - - (91) 2,908 633 3 43 7 228 - - 3,822 14 14 4 24 - - 1-57 (79) (22) (1) (21) - - - - (123) 2,843 625 6 46 7 228 1-3,756 (2) (336) - (8) - (35) (7) - (388) 2,841 289 6 38 7 193 (6) - 3,368 1 1 233
2004 54,877 10,731 - - - - - - 65,608-10 - - - - - - 10 (813) (3,309) - - - - - - (4,122) 54,064 7,432 - - - - - - 61,496 (1,726) (4,835) - - - - - - (6,561) 520 1,409 - - - - - - 1,929-44 - - - - - - 44 - (18) - - - - - - (18) (829) - - - - - - - (829) (2,210) - - - - - - - (2,210) (2,705) - - - - - - - (2,705) (4,542) - - - - - - - (4,542) - (4) - - - - - - (4) (203) (674) - - - - - - (877) (4,374) - - - - - - - (4,374) (157) (591) (14) (6) - - (1) - (769) (3,692) (1,962) (206) (33) (6) (171) (29) 1 (6,098) 234 1,142 - - - - - - 1,376 (32) (74) - - - - - - (106) (19,716) (5,563) (220) (39) (6) (171) (30) 1 (25,744) 1 1 234
2004 (1,842) (2,032) - - - - - - (3,874) 1,355 1,747 - - - - - - 3,102 (1,621) (3,248) - - - - - - (4,869) 1,434 2,399 - - - - - - 3,833 - (1,895) - - - - - - (1,895) - 1,471 - - - - - - 1,471 (167,143) - - - - - - - (167,143) 135,780 - - - - - - - 135,780 (18,626) - - - - - - - (18,626) 13,337 - - - - - - - 13,337 (37,326) (1,558) - - - - - - (38,884) (2,978) 311 (220) (39) (6) (171) (30) 1 (3,132) 75 15 (3) 12 (1) - 34 38 170 2,848 84 22 33 - - (1) - 2,986 3,288 167-3 1 425 1-3,885 38 1-2 - - - - 41 - - 145 37 - - - (39) 143 40-67 - - - - - 107 - - 39 1 9 - - - 49 - (3) - - - 4 - - 1 - (4) (16) - - - (2) - (22) (843) - - - - - - - (843) (17) - - (4) - - - - (21) 2,451 571 34 45 3 258 2-3,364 19 3 13 - - 3 - (9) 29 (86) (46) (38) (15) - - - 9 (176) 2,384 528 9 30 3 261 2-3,217 (285) (245) (3) - - (46) (1) - (580) 2,099 283 6 30 3 215 1-2,637 1 1 235
2003 58,959 8,500 - - - - - - 67,459-38 - - - - - - 38 (981) (2,819) - - - - - - (3,800) 57,978 5,719 - - - - - - 63,697 (1,634) (4,398) - - - - - - (6,032) 568 1,169 - - - - - - 1,737-33 - - - - - - 33 - (17) - - - - - - (17) (649) - - - - - - - (649) (2,352) - - - - - - - (2,352) (1,821) - - - - - - - (1,821) (4,312) - - - - - - - (4,312) - (14) - - - - - - (14) (255) (588) - - - - - - (843) (4,819) - - - - - - - (4,819) (109) (447) (2) (5) - - (1) - (564) (3,923) (1,498) (42) (30) - (96) (31) 14 (5,606) 371 876 - - - - - - 1,247 (28) (56) - - - - - - (84) (18,963) (4,940) (44) (35) - (96) (32) 14 (24,096) 1 1 236
2003 (1,355) (1,747) - - - - - - (3,102) 575 1,296 - - - - - - 1,871 (1,434) (2,399) - - - - - - (3,833) 1,179 2,502 - - - - - - 3,681 - (1,471) - - - - - - (1,471) - 1,170 - - - - - - 1,170 (135,780) - - - - - - - (135,780) 99,628 - - - - - - - 99,628 (13,337) - - - - - - - (13,337) 8,829 - - - - - - - 8,829 (41,695) (649) - - - - - - (42,344) (2,680) 130 (44) (35) - (96) (32) 14 (2,743) 69 10 3 24 - - 19 (14) 111 2,484 110 9 1 - (7) 11-2,608 3,246 172 - - - 301 1-3,720 120 3 1 9 - - - - 133 - - 26 47 - - - - 73 22-6 - - - - - 28 - - 8 6 - - - - 14 (5) (10) (4) - - - - - (19) (988) - - - - - - - (988) (218) (6) - - - - - - (224) 2,050 409 5 52-198 (1) - 2,713 21 2-4 - - - - 27 (34) (23) - (28) - - - - (85) 2,037 388 5 28-198 (1) - 2,655 (312) (251) - - - 39 - - (524) 1,725 137 5 28-237 (1) - 2,131 1 1 237