McDonalds 2006 Annual Report Download
Download and view the complete annual report
Please find the complete 2006 McDonalds annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.DZ;feXc[Ëj:figfiXk`fe
)''-8eelXcI\gfik
DZ;feXc[Ëj:figfiXk`fe)''-8eelXcI\gfik
Table of contents
-
Page 1
DZ;feXc[Ëj:figfiXk`fe )''-8eelXcI\gfik DZ;feXc[Ëj:figfiXk`fe)''-8eelXcI\gfik -
Page 2
flig\fgc\ N\cc$kiX`e\[#]i`\e[cpg\fgc\Xi\b\pkfgifm`[`e^ `Ëdcfm`eË`kj\im`Z\% fligif[lZkj Flid\el]\Xkli\jk_\Z_f`Z\Xe[mXi`\kpZfejld\ij \eafp\Xk`e^f]k\e% n`ee`e^]fi fliZljkfd\ij FliGcXekfN`ei\gi\j\ekjXkfkXc Zfdd`kd\ekkfZljkfd\ij% K_`jGcXe`j]fZlj\[feZfek`... -
Page 3
)''-_`^_c`^_kj )%*' )%'* (%.0 )'')'', )''+ -
Page 4
)(%-Y`cc`fe (0%/Y`cc`fe (/%-Y`cc`fe )'')'', )''+ I\m\el\j^i\nYp0kfXi\Zfi[ )(%-Y`cc`fe% (%'' '%-. '%,, )+ (' / )'')'', )''+ D:; JG,'' ;A@8 ;`m`[\e[j_Xm\`eZi\Xj\[\m\ipp\Xi j`eZ\n\gX`[fliÃ"ijk`e(0.-#Xe[_Xm\ e\Xicp[flYc\[j`eZ\)''+% *$p\XiZfdgfle[XeelXc... -
Page 5
;\Xij_Xi\_fc[\ij1 A`dJb`ee\i#:_`\] -
Page 6
È % %%n\Ëi\gifl[k_XkfliZfdd`kd\ekkf Y\Y\kk\i[`jZ`gc`e\[Xe[Y\kk\iXc`^e\[ _Xjgif[lZ\[i\jlckjk_Xk[`i\ZkcpY\e\Ã"k XccDZ;feXc[ËjjkXb\_fc[\ij%%% )''-nXj fe\f]k_\dfjkjlZZ\jj]lcp\Xij`e DZ;feXc[Ëj_`jkfip%É +%0Y`cc`fe )%(Y`cc`fe (%*Y`cc`fe '%0Y`cc`fe )'')'', )''+... -
Page 7
È % %%n\_Xm\Xgfn\i]lcYiXe[Xe[Xe \oZ\cc\ekYlj`e\jjdf[\c#n`k_fne\i& fg\iXkfij#jlggc`\ijXe[:fdgXepg\fgc\ nfib`e^kf^\k_\ikfnXi[Zfddfe^fXcj%É Dfi\fm\i#-.#'''i\jkXliXekdXeX^\ijnfic[n`[\#(#)''L%J%fne\i&fg\iXkfij# Xe[+'f]fli^cfYXcj\e`fidXeX^\d\ek Æ dpj\c]`eZcl[\[ ... -
Page 8
9i`e^`e^fli GcXekfN`e kfc`]\%%% , -
Page 9
flig\fgc\ +' f]fli^cfYXcj\e`fidXeX^\d\ek Y\^Xek_\`iZXi\\ij`eflii\jkXliXekj È 8j`dgc\jd`c\dXb\jd\]\\c n\cZfd\ %%% `kËjk_\g\i]\ZkjkXik kfdpd\Xc %%% `kËjk_\i\Xjfe @cfm\DZ;feXc[Ëj%É . -
Page 10
JXk`j]p`e^\dgcfp\\j`jfliÃ"ijkjk\gkfnXi[jXk`j]p`e^Zljkfd\ij% :fdg\k`k`m\gXpXe[Y\e\Ã"kj#nfic[$ZcXjjkiX`e`e^#XelenXm\i`e^ Zfdd`kd\ekkf[`m\ij`kpXe[`eZclj`fe#Xe[X]fZljfek\Xdnfib Xi\_XccdXibjf]k_\DZ;feXc[Ëjnfib\og\i`\eZ\% >i\XkgcXZ\kfnfib @e)''-#k_\>i\XkGcXZ\kf... -
Page 11
I\Z`g`\ekf]È=i\\[fdkf:fdg\k\ÉXnXi[ K_\L%J% -
Page 12
fligif[lZkj È N_Xk[f@nXek]ifdXi\jkXliXek6 >ff[]ff[Xe[^ff[Z_f`Z\j% K_XkËjn_p@^fkfDZ;feXc[Ëj%É / 0 -
Page 13
DZ;feXc[Ëjf]]\iji\c\mXekd\elmXi`\kpkfXgg\XckfXYifX[iXe^\ f]Zljkfd\ij%9\\]#Z_`Zb\e#\^^j#Ã"j_#]il`kXe[m\^\kXYc\jXi\Xcc Xdfe^k_\n_fc\jfd\#_`^_$hlXc`kp`e^i\[`\ekjn\j\im\% E\nZ_`Zb\ef]]\i`e^j >`m\ek_\^ifn`e^Zfejld\i`ek\i\jk`eZ_`Zb\e#n\Ëm\ YifX[\e\[fligif[lZkj... -
Page 14
`eZi\Xj\`eL%J%Zf]]\\le`kjXc\j[i`m\eYp `ekif[lZk`fef]Gi\d`ldIfXjk:f]]\\ (- 8Yi\Xb]Xjkfggfikle`kp DZ;feXc[Ëj`jX]Xmfi`k\dfie`e^[\jk`eXk`fe Xe[flie\nGi\d`ldIfXjk:f]]\\_XjdX[\lj\m\e dfi\gfglcXi%P\k#k_\^ifnk_fggfikle`kpi\dX`ej j`^e`Ã"ZXek%N\j\ccc\jjk_Xefe... -
Page 15
fligcXZ\j È DZ;feXc[Ëj`jXZffcgcXZ\n_\i\ \m\ipfe\ZXei\cXo%@ËdZfd]fikXYc\ _\i\#Xe[dp]i`\e[jXe[@befn n\Ëi\XcnXpjn\cZfd\%É /#''' i\jkXliXekjXifle[k_\nfic[ i\df[\c\[fii\Yl`ckj`eZ\)'') (' (( -
Page 16
N_\eZljkfd\ij\ek\iflii\jkXliXekj#k_\p\ek\ifli9iXe[% ?Xm`e^df[\ie#Zfd]fikXYc\Xe[Zfem\e`\eki\jkXliXekj`jb\pkfdXb`e^ DZ;feXc[ËjXgcXZ\Zljkfd\ijnXekkfm`j`k %%% fm\iXe[fm\iX^X`e% >`]k`k N\Ëi\kXgg`e^`ekfk_\`eZi\Xj`e^gfglcXi`kpf] ^`]kZXi[jn`k_k_\DZ;feXc[Ëj8iZ_... -
Page 17
(,#''' i\jkXliXekjnfic[n`[\f]]\i n`i\c\jj`ek\ie\kXZZ\jj ;i`m\$k_ilj`e:_`eX KfY\kk\iZfee\Zkn`k_`eZi\Xj`e^cpdfY`c\:_`e\j\ Zfejld\ij#XYflk_Xc]f]k_\(''i\jkXliXekjn\gcXekf fg\e\XZ_p\Xi`e:_`eXn`cc_Xm\[i`m\$k_ilj% N\fg\e\[fliÃ"ijk[i`m\$k_il`e:_`eX`ecXk\)'', Xe... -
Page 18
fligi`Z\j È N_\k_\i@_Xm\XcfkfiXc`kkc\kf jg\e[#DZ;feXc[ËjXcnXpjf]]\ij ^i\XkkXjk\XkX^i\XkmXcl\%É () (* -
Page 19
?Xm`e^k_\i`^_kgif[lZkj`jaljkfe\gXikf]k_\\hlXk`fe %%% f]]\i`e^k_\d XkXgi`Z\k_Xki\gi\j\ekjmXcl\kffliZljkfd\ij#n_`c\Zi\Xk`e^mXcl\ ]fiflijlggc`\ij#fne\i&fg\iXkfijXe[j_Xi\_fc[\ij`jXcjf\jj\ek`Xc% 9iXe[\[X]]fi[XY`c`kp :fdY`e`e^mXcl\Xe[YiXe[`eXle`hl\cpDZ;feXc[Ëj ... -
Page 20
-
Page 21
fligifdfk`fej È@cfm\DZ;feXc[Ëj%@ZXe\Xk ^i\Xk]ff[#gcXpXe[^\kX]le kfp%@^l\jjk_XkËjn_pdp dfdcfm\jDZ;feXc[Ëjkff%É (+ (f]Kfg(' dfjkmXclXYc\YiXe[j`ek_\nfic[ (, -
Page 22
DZ;feXc[Ëj`jX]i`\e[kfZljkfd\ijXifle[k_\nfic[ Ç n\Ëi\Zfd]fikXYc\ Xe[]lekfY\Xifle[#j_Xi`e^fliÉ=fi\m\iPfle^ÉXkk`kl[\Xe[ É`Ëdcfm`eË`kÉjg`i`k`e\m\ipk_`e^n\[f% GfglcXigifdfk`fej Fe\nXpn\Yi`e^k_\È`Ëdcfm`eË`kÉjg`i`kkf c`]\`jYpj_Xi`e^Zljkfd\ij... -
Page 23
K_\J_i\b\]]\Zk @eXe\m\ekf]]X`ipkXc\gifgfik`fej#DZ;feXc[Ëj `jaf`e`e^n`k_;i\XdNfibj kfZi\Xk\Xjg\Z`Xc Xcc$]Xd`cpZ\c\YiXk`fe]\Xkli`e^]ff[#?XggpD\Xckfpj# `ek\iXZk`m\fec`e\XZk`m`k`\jXe[Zfcc\Zk`Yc\^cXjj\j k`\[kfk_\dlZ_Xek`Z`gXk\[J_i\bk_\K_`i[ dfm`\ [\Ylk`e^`e... -
Page 24
DXeX^\d\ekk\Xd ]ifdc\]kkfi`^_k DXkk_\nGXlcc >cfi`XJXekfeX Afj\8idXi`f A\]]JkiXkkfe IXcg_8cmXi\q ;feK_fdgjfe A`dJb`ee\i ;\e`j?\ee\hl`e I`Z_=cf\ijZ_ DXip;`ccfe K`d=\ekfe AXe=`\c[j jlggc`\ij K_\k_i\\ $ c\^^\[jkffc K_\i\Xi\dXepi\Xjfej]fiDZ;feXc[Ëj^ifnk_Xe[jlZZ\jjfm... -
Page 25
;\Xi]\ccfnj_Xi\_fc[\ij1 È% %%n\Y\c`\m\k_XkDZ;feXc[Ëj_XjXZc\XiXe[Zfdg\cc`e^ jkiXk\^`Zm`j`fe]fi`kjYlj`e\jjn\cc`ekfk_\]lkli\%%%É Pfli9fXi[f];`i\Zkfij`jgc\Xj\[kfi\gfikk_XkDZ;feXc[Ëj_XjZfdgc\k\[Xefk_\iflkjkXe[`e^ p\Xif]gif^i\jj`e`kj\]]fikjkfjXk`j]pZljkfd\ij... -
Page 26
Ã"eXeZ`Xc i\gfik :fek\ekj )' ( ($p\XijlddXip ) ( JkfZbg\i]fidXeZ\^iXg_ )) DXeX^\d\ekËj[`jZljj`feXe[XeXcpj`j +' :fejfc`[Xk\[jkXk\d\ekf]`eZfd\ +( :fejfc`[Xk\[YXcXeZ\j_\\k +) :fejfc`[Xk\[jkXk\d\ekf]ZXj_Õfnj +* :fejfc`[Xk\[jkXk\d\ekf]j_Xi\_fc[\ijË\hl`kp ++ Efk\jkfZfejfc`[... -
Page 27
(($P -
Page 28
/ @eZcl[\jgi\kXoZ_Xi^\jf]*))d`cc`fe)(0d`cc`feX]k\ikXofi'%(-g\ij_Xi\ Zfej`jk`e^f](-)d`cc`fef]ÈDX[\=fiPflÉZfjkjXe[(-'d`cc`fei\cXk\[kfX _fd\f]Ã"Z\gif[lZk`m`kp`e`k`Xk`m\% 0 @eZcl[\jX*.d`cc`feX]k\ikXoZ_Xi^\'%'*g\ij_Xi\ kfi\Õ\Zkk_\ZldlcXk... -
Page 29
D8E8> -
Page 30
JkiXk\^`Z[`i\Zk`feXe[Ã"eXeZ`Xcg\i]fidXeZ\ K_\le`hl\Ylj`e\jji\cXk`fej_`gXdfe^k_\:fdgXep#`kj]iXeZ_`j\\j Xe[jlggc`\ijZfcc\Zk`m\cpi\]\ii\[kfXjk_\Jpjk\d _XjY\\eb\p kfDZ;feXc[ËjjlZZ\jjfm\ik_\p\Xij%K_`jYlj`e\jjdf[\c\eXYc\j DZ;feXc[ËjkfgcXpXe`ek\^iXcifc\`ek_\... -
Page 31
jlZ_Xji\[lZ\[ZXg`kXcjg\e[`e^#`dgifm\[i\kliejXe[XjkXYc\ jki\Xdf]ifpXck`\j#k_`jjkiXk\^pXccfnjk_\cfZXcfne\ikf`dgifm\ i\c\mXeZ\Xe[XZZ\c\iXk\^ifnk_`ek_\dXib\k#Xe[XccfnjdXe$ X^\d\ekkf]fZljdfjkf]k_\`ik`d\Xe[\e\i^pfek_\dXib\kj k_Xk_Xm\k_\cXi^\jk`dgXZkfei\jlckj... -
Page 32
N_`c\k_\:fdgXep[f\jefkgifm`[\jg\Z`Ã"Z^l`[XeZ\fee\k `eZfd\g\ij_Xi\#k_\]fccfn`e^`e]fidXk`fe`jgifm`[\[kfXjj`jk `eXeXcpq`e^k_\:fdgXepËji\jlckj1 ›8j`^e`Ã"ZXekgXikf]k_\:fdgXepËjfg\iXk`e^`eZfd\`j^\e\i$ ›:_Xe^\j`eJpjk\dn`[\jXc\jXi\[i`m\eYpZfdgXiXYc\jXc\j... -
Page 33
E\k`eZfd\Xe[[`clk\[e\k`eZfd\g\iZfddfej_Xi\ @e)''-#e\k`eZfd\Xe[[`clk\[e\k`eZfd\g\iZfddfej_Xi\ n\i\*%,Y`cc`feXe[)%/*%;li`e^)''-#k_\:fdgXep[`jgfj\[ f]`kj\ek`i\`em\jkd\ek`e:_`gfkc\m`XglYc`ZjkfZbf]]\i`e^jXe[ XkXo$]i\\\oZ_Xe^\]fiDZ;feXc[ËjZfddfejkfZbXe[... -
Page 34
I\m\el\j @eYfk_)''-Xe[)'',#Zfejfc`[Xk\[i\m\el\^ifnk_nXj[i`m\eYpgfj`k`m\ZfdgXiXYc\jXc\jXjn\ccXjjkife^\i]fi\`^eZlii\eZ`\j% I\m\el\j ;FCC8IJ@ED@CC@FEJ 8dflek @eZi\Xj\&[\Zi\Xj\ @eZi\Xj\&[\Zi\Xj\ \oZcl[`e^Zlii\eZp kiXejcXk`fe )''- / - / )( / ... -
Page 35
:fdgXiXYc\jXc\jÆDZ;feXc[Ëji\jkXliXekj L%J% -
Page 36
=fik_`ji\XjfeXe[Y\ZXlj\n\dXeX^\fliYlj`e\jjYXj\[fe ^\f^iXg_`Zj\^d\ekjXe[efkfek_\YXj`jf]flifne\ij_`g jkilZkli\#n\[fefkjg\Z`Ã"ZXccpXccfZXk\j\cc`e^#^\e\iXc X[d`e`jkiXk`m\\og\ej\jXe[fk_\ifg\iXk`e^`eZfd\ \og\ej\jkf :fdgXep$fg\iXk\[fi]iXeZ_`j\[i\jkXliXekj%Fk_\i... -
Page 37
J\cc`e^#^\e\iXcX[d`e`jkiXk`m\\og\ej\j :fejfc`[Xk\[j\cc`e^#^\e\iXcX[d`e`jkiXk`m\\og\ej\j`eZi\Xj\[/`e)''-Xe[()`e)'',.Xe[((`eZfejkXekZlii\eZ`\j % @e)''-#k_\`eZi\Xj\nXj[l\kf_`^_\i\dgcfp\\$i\cXk\[Zfjkj#`eZcl[`e^g\i]fidXeZ\$YXj\[Zfdg\ejXk`fe\og\ej\%J_Xi\$YXj... -
Page 38
@e)''-#k_\:fdgXepi\Zfi[\[(*+d`cc`fef]gi\kXo `dgX`id\ekZ_Xi^\jgi`dXi`cpi\cXk\[kfk_\]fccfn`e^`k\dj1 cfjj\j`eZlii\[fek_\kiXej]\ijf]k_\:fdgXepËjfne\ij_`g `ek\i\jk`eZ\ikX`edXib\kjkf[\m\cfgd\ekXcc`Z\ej\\j*-d`cc`fe 2 k_\Zcfj`e^f]Z\ikX`ei\jkXliXekj`ek_... -
Page 39
Fg\iXk`e^`eZfd\ :fejfc`[Xk\[fg\iXk`e^`eZfd\`e)''-Xe[)'',`eZcl[\[_`^_\iZfdY`e\[fg\iXk`e^dXi^`e[fccXij#gXikcpf]]j\kYp_`^_\ij\cc`e^# ^\e\iXcX[d`e`jkiXk`m\\og\ej\jZfdgXi\[n`k_k_\gi`fip\Xi% Fg\iXk`e^`eZfd\ 8dflek @eZi\Xj\&[\Zi\Xj\ Gif]fidX @... -
Page 40
@ek\i\jk`eZfd\Zfej`jkjgi`dXi`cpf]`ek\i\jk\Xie\[fe j_fik$k\idZXj_`em\jkd\ekj%KiXejcXk`fecfjj\jgi`dXi`cpi\cXk\ kfk_\e\k^X`ejficfjj\jfeZ\ikX`e_\[^\jk_Xki\[lZ\k_\ \ogfjli\kfmXi`XY`c`kpfeZ\ikX`e`ek\iZfdgXep]fi\`^eZXj_ Õfnjki\Xdj%Fk_\i\og\ej\gi`dXi`cpZfej`jkj... -
Page 41
:8J?=CFNJ K_\:fdgXep^\e\iXk\jj`^e`Ã"ZXekZXj_gifm`[\[Ypfg\iXk`fej Xe[_XjjlYjkXek`XcZi\[`kZXgXZ`kpkf]le[fg\iXk`e^Xe[ [`jZi\k`feXipjg\e[`e^jlZ_XjZXg`kXc\og\e[`kli\j#[`m`[\e[j# j_Xi\i\gliZ_Xj\jXe[[\Yki\gXpd\ekj% :Xj_gifm`[\[Ypfg\iXk`fejkfkXc\[+%*Y`cc`feXe[\oZ... -
Page 42
(%0d`cc`fe`ek_\e`e\dXib\kjn_\i\[\m\cfgd\eknXjZfeZ\e$ kiXk\[flkj`[\k_\L%J%=fi)''.#k_\L%J%#:_`eXXe[\`^_k fk_\iZfejfc`[Xk\[dXib\kjXi\\og\Zk\[kffg\edfi\k_Xe ,''i\jkXliXekj% K_\:fdgXepfne\[Xggifo`dXk\cp+,f]k_\cXe[Xe[e\Xicp .'f]k_\Yl`c[`e^j]fi`kji\... -
Page 43
;\Yk_`^_c`^_kj ( =`o\[$iXk\[\YkXjXg\iZ\ek f]kfkXc[\Yk)#*#+ N\`^_k\[$Xm\iX^\XeelXc `ek\i\jkiXk\f]kfkXc[\Yk )''- +0 +%( )'', +- + %( /' )''+ ,0 *%0 .) =fi\`^eZlii\eZp$[\efd`eXk\[ [\YkXjXg\iZ\ekf]kfkXc[\Yk)#*#, /' KfkXc[\YkXjXg\iZ\ek... -
Page 44
K_\:fdgXepgi\gXi\[j\ej`k`m`kpXeXcpj\jf]`kjÃ"eXeZ`Xc `ejkild\ekjkf[\k\id`e\k_\`dgXZkf]_pgfk_\k`ZXcZ_Xe^\j `e`ek\i\jkiXk\jXe[]fi\`^eZlii\eZp\oZ_Xe^\iXk\jfek_\ :fdgXepËji\jlckjf]fg\iXk`fej#ZXj_ÕfnjXe[k_\]X`imXcl\f]`kj Ã"eXeZ`Xc`ejkild\ekj%K_\`ek\i\jkiXk\... -
Page 45
›Cfe^$c`m\[Xjj\kj`dgX`id\eki\m`\n Cfe^$c`m\[Xjj\kj`eZcl[`e^^ff[n`cc Xi\i\m`\n\[]fi`dgX`id\ek XeelXccp`ek_\]flik_hlXik\iXe[n_\e\m\i\m\ekjfiZ_Xe^\j `eZ`iZldjkXeZ\j`e[`ZXk\k_Xkk_\ZXiip`e^Xdflekf]XeXjj\k dXpefkY\i\Zfm\iXYc\%@eXjj\jj`e^k_\i\Zfm\iXY`c`kpf]k_\ ... -
Page 46
K_\i\ZfeZ`c`Xk`fejkfk_\dfjkZfdgXiXYc\d\Xjli\d\ekj#`eXZZfi[XeZ\n`k_XZZflek`e^gi`eZ`gc\j^\e\iXccpXZZ\gk\[`ek_\ L%J%#]fik_\eld\iXkfiXe[[\efd`eXkfif]k_\fe\$p\XiXe[k_i\\$p\XiIF@@:Xi\Xj]fccfnj1 Fe\$p\XiIF@@:ZXcZlcXk`fe P\Xij\e[\[;\Z\dY... -
Page 47
:FEJFC@;8K -
Page 48
:FEJFC@;8K -
Page 49
:FEJFC@;8K -
Page 50
:FEJFC@;8K -
Page 51
EFK -
Page 52
K_\]X`imXcl\f]\XZ_jkfZbfgk`fe^iXek\[`j\jk`dXk\[ fek_\[Xk\f]^iXeklj`e^XZcfj\[$]fidgi`Z`e^df[\c%K_\ ]fccfn`e^kXYc\gi\j\ekjk_\n\`^_k\[$Xm\iX^\Xjjldgk`fej lj\[`ek_\fgk`fegi`Z`e^df[\c]fik_\)''-#)'',Xe[)''+ jkfZbfgk`fe^iXekj%K_\\og\Zk\[c`]\f]k_\fgk`fej... -
Page 53
Cfe^$c`m\[Xjj\kj @eXZZfi[XeZ\n`k_JkXk\d\ekf]=`eXeZ`Xc8ZZflek`e^JkXe[Xi[j Ef%(++#8ZZflek`e^]fik_\@dgX`id\ekfi;`jgfjXcf]Cfe^$ C`m\[8jj\kjJ=8JEf%(++ #cfe^$c`m\[Xjj\kjXi\i\m`\n\[]fi `dgX`id\ekXeelXccp`ek_\]flik_hlXik\iXe[n_\e\m\i\m\ekj fiZ_Xe^\j`eZ`iZldjkXeZ... -
Page 54
`eZi\Xj\f]('%.d`cc`fe]fik_\p\Xi\e[\[;\Z\dY\i*(#)''-#Xe[ e\k[\Zi\Xj\jf])%/d`cc`feXe[(,%)d`cc`fe]fik_\p\Xij\e[\[ ;\Z\dY\i*(#)'',Xe[)''+#i\jg\Zk`m\cp%9Xj\[fe`ek\i\jkiXk\j Xe[]fi\`^eZlii\eZp\oZ_Xe^\iXk\jXk;\Z\dY\i*(#)''-#efj`^$ e`Ã"ZXekXdflekf][\]\ii... -
Page 55
fm\ik_\i\hl`j`k\j\im`Z\g\i`f[#Xjjld`e^Z\ikX`eZfe[`k`fej Xi\d\k%Gi\m`fljcp#k_\:fdgXep\og\ej\[jXYYXk`ZXcZfjkjXj `eZlii\[%K_\:fdgXepX[fgk\[ -
Page 56
=I8E:?@J -
Page 57
@E:FD -
Page 58
@ED@CC@FEJ )''- .#+-+%( .#-*.%. *#',*%, (#-,0%) (#'/'%. - 0 ( %) )( #,/-%+ )#-,.%' (#- ( '%) *-+%+ ,+%- (0.%- +*/%. +#++,%(( 0#+..%+ ('#+ ( * %0 *#.).%- ( #../% ( (#)-/%) )#*,/%- )0#')*%/ ..+%* ,'+%0 )'/% ( /.% ( -/%+ *-%- -)%, ... -
Page 59
;\YkfYc`^Xk`fej K_\:fdgXep_Xj`eZlii\[[\YkfYc`^Xk`fejgi`eZ`gXccpk_ifl^_ glYc`ZXe[gi`mXk\f]]\i`e^jXe[YXebcfXej%K_\i\Xi\efgifm`$ j`fej`ek_\:fdgXepËj[\YkfYc`^Xk`fejk_Xknflc[XZZ\c\iXk\ i\gXpd\ekf][\YkXjXi\jlckf]XZ_Xe^\`eZi\[`kiXk`e^jfi XdXk\i`XcX[m\ij\Z_Xe... -
Page 60
-
Page 61
J?8I -
Page 62
HL8IK -
Page 63
D8E8> -
Page 64
I -
Page 65
I -
Page 66
@em\jkfi`e]fidXk`fe :fddfejkfZb K`Zb\ijpdYfc D:; JkfZb\oZ_Xe^\c`jk`e^j E\nPfib#:_`ZX^fXe[Jn`jj DZ;feXc[Ëj_fd\f]Ã"Z\ DZ;feXc[Ëj:figfiXk`fe DZ;feXc[ËjGcXqX FXb9iffb#@C-',)* (%-*'%-)*%*''' DZ;feXc[Ëjfec`e\ @em\jkfi`e]fidXk`fe nnn%`em\jkfi%dZ[feXc[j%Zfd :figfiXk\^fm\ieXeZ\ nnn%^... -
Page 67
DZ;feXc[Ëj:figfiXk`fe DZ;feXc[ËjGcXqX FXb9iffb#@C-',)* nnn%dZ[feXc[j%Zfd