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ƬƹǜƹǚƹҨ ƹǢǥƸǢ – 2011 1

ǏǬǢǣǮǤǞǫǦǣǄǟǪǬȳ ǇǤǮǪǞȮǡǩǦǪ: «ǈǦǣǠǯǰǞǮ» Ǡ 2011 ǡǬǢǱ – Ǳǯǭǣǳ ǱǫǦǨǞǩȵǫǬǧ ǬǟȳǣǢǦǫǣǫǫǬǧ ǨǬǪǞǫǢȴ»

ǍǮǜǝǤǧȳǩǪǭǮȳ ǝǤǣǩǡǭǜ«ǆǤǡǞǭǮǜǬ» Ǟ ȭǤǰǬǜǱ

ǎǜǬǜǭ ǋǜǬǱǪǨǡǩǦǪ: «ǎǬǯǰ ǭǬǰǮǣǟǩǣǫǦȸ ǱǯǩǱǡǦ ǱǠǣǩǦȰǣǫǦǣ ǞǟǬǫǟǞǥȴ»

ƾǤǮǜǧǤǥ ƾǪǬǪǢǝǤǮ: «ǎǞǥǠǦǰǦǣ ǦǫǰǣǮǫǣǰǞ «ǈǦǣǠǯǰǞǮ»

ƼǩǠǬǡǥ ǈǤǧǤǩǡǞǭǦǤǥ: «ǏǞǟǟǮǣǫǢ «ǈǦǣǠǯǰǞǮ ƿǦǥǫǣǯ» – ǩǦǢǣǮ ǯǮǣǢǦ ǟǦǥǫǣǯ-ǭǬǢǨǩȷȰǣǫǦǧ»

ƼǧǡǦǭǡǥ ǆǤǬǡǡǞ: «2011-ǧ – ǡǬǢ ǥǞǭǱǯǨǞ ǯǪǞǮǰǲǬǫǬǠ «ǈǦǣǠǯǰǞǮ» Ǧ ǮǬǯǰǞ ǪǱǩȵǰǦǪǣǢǦǧǫǬǡǬ ǨǬǫǰǣǫǰǞ»

ƼǧǡǦǭǜǩǠǬ ǀǪǬǪǰǤǥ: «Ǐǣǰȵ «ǈǦǣǠǯǰǞǮ» ȸǠǩȸǣǰǯȸǩǦǢǣǮǬǪ ǭǬ ǭǬǨǮȴǰǦȷ ǯǮǣǢǦ ǱǨǮǞǦǫǯǨǦǳ ǬǭǣǮǞǰǬǮǬǠ»

ǁǧǡǩǜ ǆǬǪǫǤǞȶǩǭǦǜȶ: «ǈǬǪǭǞǫǦȸ «ǈǦǣǠǯǰǞǮ» – ǣǢǦǫǞȸ ǨǬǪǞǫǢǞ ǭǮǬǲǣǯǯǦǬǫǞǩǬǠ ǯ ǩǱȰȱǦǪǦ ǨǬǪǭǣǰǣǫȯǦȸǪǦ»

ǂǜǩǩǜ ǋǜǬǱǪǨǡǩǦǪ: «ǈǦǣǠǯǰǞǮ» ǯǬǳǮǞǫǦǩ ǯǞǪȴǧ ǠȴǯǬǨǦǧ ǱǮǬǠǣǫȵ ǮǣǭǱǰǞȯǦǦ ǯǮǣǢǦ ǰǣǩǣǨǬǪ-ǬǭǣǮǞǰǬǮǬǠ ǪǦǮǞ»

ǎǜǮȳȶǩǜ ǍǯǨǤǩǜ: «ǌǯǫǬǠǫȴǣ ȯǣǩǦ «ǈǦǣǠǯǰǞǮ» –ǩǦǢǣǮǯǰǠǬ Ǡ ǯǣǡǪǣǫǰǞǳ ǪǬǟǦǩȵǫǬǡǬ ǟǦǥǫǣǯǞ, ǠȴǯǬǨǬǯǨǬǮǬǯǰǫǬǡǬ ǦǫǰǣǮǫǣǰǞ Ǧ ȯǦǲǮǬǠȴǳ ǪǣǢǦǞ»

ƼǩǠǬǡǥ ǊǭǜǠȮǯǦ: «ǀǞǤǫǣǧȱǣǣ ǯǬǟȴǰǦǣ 2011 ǡǬǢǞ – ǭǬǩǱȰǣǫǦǣ ǫǬǠǬǧ ǩǦȯǣǫǥǦǦ ǫǞ ǭǮǣǢǬǯǰǞǠǩǣǫǦǣ ǱǯǩǱǡ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ Ǡ ǯǰǞǫǢǞǮǰǣ GSM 900-1800ǫǞ ǭǬǯǩǣǢǱȷȲǦǣ 15 ǩǣǰ»

ƼǬǮǡǨ ǉǤȭ: «ǅǞǭǩǞǫǦǮǬǠǞǫǫȴǧ ǫǞ 2011 ǡǬǢȶǨǬǫǬǪǦȰǣǯǨǦǧ ȶǲǲǣǨǰ ǭǬǩǱȰǣǫ ǯ ǬǭǣǮǣǤǣǫǦǣǪ ǭǩǞǫǞ»

ǆǪǩǭǪǧǤǠǤǬǪǞǜǩǩǜȶ ǰǤǩǜǩǭǪǞǜȶǪǮȮǡǮǩǪǭǮȳ ǓƼǊ «ǆǤǡǞǭǮǜǬ»

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ƬƹǜƹǚƹҨ ƹǢǥƸǢ – 20112

2011 ǡǬǢ ǯǰǞǩ ǬǯǬǟǣǫǫȴǪ Ǣǩȸ «ǈǦǣǠǯǰǞǮ».

ǈǬǪǭǞǫǦȸ ǱǯǭǣȱǫǬ ǯǭǮǞǠǦǩǞǯȵ ǯ ǠȴǥǬǠǞ-

ǪǦ ǦǫǰǣǡǮǞȯǦǦ ǟǦǥǫǣǯǬǠ Ǧ ǠȴȱǩǞ ǫǞ ǫǬǠȴǧ

ǠǦǰǬǨ ǯǠǬǣǡǬ ǮǞǥǠǦǰǦȸ. ǌǯǣǫȵȷ 2010 ǡǬǢǞ

ǟȴǩǬ ǭǮǦǫȸǰǬ ǬǨǬǫȰǞǰǣǩȵǫǬǣ ǮǣȱǣǫǦǣ

ƾǊǈǑ Ǭǟ ǬǟȳǣǢǦǫǣǫǦǦ ǞǨǰǦǠǬǠ Telenor

ASA Ǧ Altimo Holdings & Investments Ltd

Ǧ ǯǬǥǢǞǫǦǦ ǣǢǦǫǬǡǬ ǰǣǩǣǨǬǪǪǱǫǦǨǞȯǦ-

ǬǫǫǬǡǬ ǬǭǣǮǞǰǬǮǞ – VimpelCom Ltd. ǋǞ-

ȰǦǫǞȸ ǯ ȶǰǬǡǬ ǪǬǪǣǫǰǞ – 19 ǬǨǰȸǟǮȸ 2010

ǡǬǢǞ – «ǈǦǣǠǯǰǞǮ» ǯǰǞǩ ǬǟȳǣǢǦǫǣǫǫȴǪ,

ǭǮǣǢǯǰǞǠǩȸȷȲǦǪ ǟǦǥǫǣǯ-ǣǢǦǫǦȯǱ «ǑǨǮǞ-

ǦǫǞ» VimpelCom Ltd. ǈǬǪǭǞǫǦȸ ǭǬǯǰǞǠǦǩǞ

ǭǣǮǣǢ ǯǬǟǬǧ ǞǪǟǦȯǦǬǥǫȴǣ ǥǞǢǞȰǦ ǭǬ ǱǨǮǣ-

ǭǩǣǫǦȷ ǩǦǢǦǮǱȷȲǦǳ ǭǬǥǦȯǦǧ ǫǞ ǮȴǫǨǣ ǰǣ-

ǩǣǨǬǪǪǱǫǦǨǞȯǦǧ ǑǨǮǞǦǫȴ, ǪǞǨǯǦǪǦǥǞȯǦǦ

ǭǬǩȵǥȴ Ǣǩȸ ǨǩǦǣǫǰǬǠ, ǞǨǰǦǠǫǬǪǱ ǮǞǥǠǦ-

ǰǦȷ ǫǞǭǮǞǠǩǣǫǦȸ ǭǣǮǣǢǞȰǦ ǢǞǫǫȴǳ Ǧ, ǨǞǨ

ǮǣǥǱǩȵǰǞǰ – ǢǬǯǰǦǤǣǫǦȷ ǪǞǨǯǦǪǞǩȵǫǬǡǬ

ȶǨǬǫǬǪǦȰǣǯǨǬǡǬ ȶǲǲǣǨǰǞ Ǭǰ ǬǟȳǣǢǦǫǣǫǦȸ

ǱǨǮǞǦǫǯǨǦǳ ǞǨǰǦǠǬǠ VimpelCom Ltd.

ǁǩǞǠǫȴǪ ǦǫǯǰǮǱǪǣǫǰǬǪ ǦǫǰǣǡǮǞȯǦǦ ǯǰǞǩǬ

ǯǬǥǢǞǫǦǣ ǱǫǦǨǞǩȵǫǬǧ ǭǬ ǫǞǟǬǮǱ ǨǬǪǭǣǰǣǫ-

ȯǦǧ, ǬǭȴǰǱ Ǧ ǥǫǞȰǦǪǬǯǰǦ ǨǬǪǭǞǫǦǦ, Ǭǟȳǣ-

ǢǦǫȸȷȲǣǧ ǩǦǢǣǮǞ ǮȴǫǨǞ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ

ǑǨǮǞǦǫȴ «ǈǦǣǠǯǰǞǮ», Ǟ ǰǞǨǤǣ ǬǭȴǰǫǬǡǬ

ǦǡǮǬǨǞ ǮȴǫǨǞ ǱǯǩǱǡ FTTB Ǧ ǲǦǨǯǦǮǬǠǞǫǫǬǧ

ǯǠȸǥǦ Ǡ B2B – «Beeline-ǑǨǮǞǦǫǞ».

ǀ ǰǣȰǣǫǦǣ 2011 ǡǬǢǞ ǟȴǩǞ ǭǮǬǢǣǩǞǫǞ

ǟǬǩȵȱǞȸ ǮǞǟǬǰǞ: ǬǟȳǣǢǦǫǣǫȴ ǞǟǬǫǣǫǰǯǨǦǣ

ǟǞǥȴ, ǠǠǣǢǣǫȴ ǬǟȲǦǣ Ǣǩȸ ǞǟǬǫǣǫǰǬǠ ǬǟǣǦǳ ǯǣǰǣǧ ǭǮǦǠǩǣǨǞǰǣǩȵǫȴǣ ǰǞǮǦǲȴ, ǠǫǣǢǮǣǫ

ǫǞȯǦǬǫǞǩȵǫȴǧ ǮǬǱǪǦǫǡ Ǣǩȸ ǞǟǬǫǣǫǰǬǠ

«Beeline-ǑǨǮǞǦǫǞ» Ǡ ǯǣǰǦ «ǈǦǣǠǯǰǞǮ», ǰǞǨ-

Ǥǣ ǬǮǡǞǫǦǥǬǠǞǫȴ ǣǢǦǫȴǣ ǱǢǬǟǫȴǣ ǯǦǯǰǣ-

Ǫȴ ǭǬǭǬǩǫǣǫǦȸ ǯȰǣǰǬǠ Ǧ ǬǟǯǩǱǤǦǠǞǫǦȸ

ǨǩǦǣǫǰǬǠ, ǬǟǣǯǭǣȰǣǫǬ ǠȴǯǬǨǬǣ ǨǞȰǣǯǰǠǬ

ǯǠȸǥǦ ǫǞ ǬǟȳǣǢǦǫǣǫǫǬǧ ǯǣǰǦ. ǍǬǢ ǣǢǦ-

ǫȴǪ ǟǮǣǫǢǬǪ «ǈǦǣǠǯǰǞǮ» ǫǞ ǫǬǠǬǪ ǱǮǬǠǫǣ

ǟȴǩǞ ǥǞǭǱȲǣǫǞ ǱǯǩǱǡǞ «ǂǬǪǞȱǫǦǧ ǆǫǰǣǮ-

ǫǣǰ», ǨǬǰǬǮǞȸ Ǡ ǨǮǞǰȰǞǧȱǦǣ ǯǮǬǨǦ ǠǬȱǩǞǠ ǰǮǬǧǨǱ ǩǦǢǣǮǬǠ ǱǨǮǞǦǫǯǨǬǡǬ ǮȴǫǨǞ ǲǦǨ-

ǯǦǮǬǠǞǫǫǬǡǬ ǢǬǯǰǱǭǞ Ǡ ǯǣǰȵ ǦǫǰǣǮǫǣǰ. ǐǞǨ-

Ǥǣ Ǡ ǮǞǪǨǞǳ ǬǟȳǣǢǦǫǣǫǫǬǡǬ «ǈǦǣǠǯǰǞǮ»

Ǫȴ ȶǲǲǣǨǰǦǠǫǬ ǦǯǭǬǩȵǥǬǠǞǩǦ ǫǞȱǱ Ǭǟ-

ȲǱȷ ǯǣǰǣǠǱȷ ǦǫǲǮǞǯǰǮǱǨǰǱǮǱ Ǧ ǥǫǞȰǦǰǣǩȵ-

ǫǬ ǭǬǠȴǯǦǩǦ ǭǮǬǢǱǨǰǦǠǫǬǯǰȵ ǨǞǭǦǰǞǩȵǫȴǳ ǠǩǬǤǣǫǦǧ. ǋǞ ǥǞǠǣǮȱǞȷȲǱȷ ǯǰǞǢǦȷ Ǡȴȱ-

ǩǦ ǭǮǬȯǣǯǯȴ ǦǫǰǣǡǮǞȯǦǦ IT-ǯǦǯǰǣǪ Ǧ ȷǮǦ-

ǢǦȰǣǯǨǬǡǬ ǬǟȳǣǢǦǫǣǫǦȸ.

ǀ ǮǣǥǱǩȵǰǞǰǣ ǭǮǬǢǣǩǞǫǫǬǧ ǮǞǟǬǰȴ ǨǩǦ-

ǣǫǰȴ «ǈǦǣǠǯǰǞǮ» Ǡ 2011 ǡǬǢǱ ǭǬǩǱȰǦǩǦ

ǟǬǩȵȱǣ ǱǯǩǱǡ Ǧ ǫǬǠȴǳ ǭǮǣǦǪǱȲǣǯǰǠ. ǍǬ-

ǰǮǣǟǩǣǫǦǣ ǱǯǩǱǡ Ǡ ǪǬǟǦǩȵǫǬǪ ǯǣǡǪǣǫǰǣ

(MOU) ǠǬǥǮǬǯǩǬ ǫǞ 8%, ǱǯǩǱǡ ǦǫǰǣǮǫǣǰǞ

(ADPU) ǠȴǮǬǯǩǬ ǫǞ 19%, ǤǦǰǣǩǦ 100 ǫǬ-

Ǡȴǳ ǡǬǮǬǢǬǠ ǭǬǩǱȰǦǩǦ ǢǬǯǰǱǭ Ǩ ǱǯǩǱǡǣ

«ǂǬǪǞȱǫǦǧ ǆǫǰǣǮǫǣǰ», Ǡ ǭǮǬǢǞǤǣ ǭǬȸǠǦ-

ǩǦǯȵ ǯǪǞǮǰǲǬǫȴ «ǈǦǣǠǯǰǞǮ» ǭǬ ǩǱȰȱǦǪ

ȯǣǫǞǪ ǯ ǩǱȰȱǦǪ ǫǞ ǮȴǫǨǣ ǦǫǰǣǮǫǣǰ-ǰǞ-

ǮǦǲǬǪ. ǒǬǨǱǯ ǠǫǦǪǞǫǦȸ ǫǞ ǨǩǦǣǫǰǞǳ ǭǬ-

ǥǠǬǩǦǩ «ǈǦǣǠǯǰǞǮ» Ǡ 2011 ǡǬǢǱ ǭǬǩǱȰǦǰȵ

ǯǰǞǟǦǩȵǫȴǧ ǮǬǯǰ ǨǩȷȰǣǠȴǳ ǭǬǨǞǥǞǰǣǩǣǧ

ǮǞǥǠǦǰǦȸ ǯǠǬǣǡǬ ǟǦǥǫǣǯǞ. ǂǬǳǬǢ ǠȴǮǬǯǭǬ ǠǯǣǪ ǯǣǡǪǣǫǰǞǪ, ǬǯǬǟǣǫǫǬ Ǡ ǪǬǟǦǩȵǫǬǪ

Ǧ ǲǦǨǯǦǮǬǠǞǫǫǬǪ ǦǫǰǣǮǫǣǰǣ, ǨǩǦǣǫǰǯǨǞȸ

ǟǞǥǞ ǠȴǮǬǯǩǞ ǭǬȰǰǦ ǫǞ 100% Ǡ ǯǣǡǪǣǫ-

ǰǣ «ǂǬǪǞȱǫǣǡǬ ǆǫǰǣǮǫǣǰǞ» Ǧ ǫǞ 2% –

Ǡ ǪǬǟǦǩȵǫǬǪ ǯǣǡǪǣǫǰǣ, ǯǬǳǮǞǫǦǩǯȸ ǯǰǞ-

ǟǦǩȵǫǬ ǠȴǯǬǨǦǧ ǱǮǬǠǣǫȵ ǭǮǦǟȴǩȵǫǬǯǰǦ –

ǭǬǨǞǥǞǰǣǩȵ ǪǞǮǤǞ EBITDA ǯǬǯǰǞǠǦǩ ǟǬǩǣǣ

53%. ǐǞǨǤǣ Ǡ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǥǞǭǱ-ǯǰǦǩ ǱǫǦǨǞǩȵǫȴǧ ǦǪǦǢǤǣǠȴǧ ǭǮǬǣǨǰ «ǍǬ-

ǢǣǩǦǰǣǯȵ ǩȷǟǬǠȵȷ Ǩ ǑǨǮǞǦǫǣ», ǨǬǰǬǮȴǧ

ǫǞȱǣǩ ȱǦǮǬǨǦǧ ǬǰǨǩǦǨ Ǡ ǯǣǮǢȯǞǳ ǨǞǨ ǫǞ-

ȱǦǳ ǨǩǦǣǫǰǬǠ, ǰǞǨ Ǧ Ǡǯǣǳ ǤǦǰǣǩǣǧ ǯǰǮǞǫȴ.

ǑǯǭǣȱǫǞȸ ǮǣǞǩǦǥǞȯǦȸ ǭǮǬǣǨǰǞ ǬǟȳǣǢǦǫǣ-

ǫǦȸ «ǈǦǣǠǯǰǞǮ» Ǧ «Beeline-ǑǨǮǞǦǫǞ», ǥǞǩǬ-

ǡǬǪ ǨǬǰǬǮǬǧ ǯǰǞǩǞ ǯǭǩǬȰǣǫǫǞȸ Ǧ ǭǮǬǲǣǯ-ǯǦǬǫǞǩȵǫǞȸ ǮǞǟǬǰǞ Ǡǯǣǧ ǨǬǪǞǫǢȴ, ǫǞȱǩǞ

ǯǠǬǣ ǬǰǮǞǤǣǫǦǣ Ǡ ǲǦǫǞǫǯǬǠȴǳ ǮǣǥǱǩȵǰǞǰǞǳ ǦǫǰǣǡǮǞȯǦǦ, ǥǫǞȰǦǰǣǩȵǫǬ ǭǮǣǠȴȱǞȷȲǦǳ ȯǣǩǣǠȴǣ ǥǫǞȰǣǫǦȸ. ǅǞǭǩǞǫǦǮǬǠǞǫǫȴǧǫǞ 2011 ǡǬǢ, Ǡ ǮǞǪǨǞǳ ǬǟȳǣǢǦǫǣǫǦȸ «ǈǦǣǠ-

ǯǰǞǮ» Ǧ «Beeline-ǑǨǮǞǦǫǞ», ȶǨǬǫǬǪǦȰǣǯǨǦǧ

ȶǲǲǣǨǰ ǟȴǩ ǭǬǩǱȰǣǫ ǯ ǬǭǣǮǣǤǣǫǦǣǪ ǭǩǞǫǞ.

ǌǡǮǬǪǫȴǧ Ǭǭȴǰ, ǭǬǩǱȰǣǫǫȴǧ Ǡ ǭǮǬȯǣǯǯǣ

ǦǫǰǣǡǮǞȯǦǦ ǨǬǪǭǞǫǦǧ, Ǧ Ǳǯǭǣǳ ǱǫǦǨǞǩȵǫǬǧ

ǮǞǟǬǰȴ ǬǟȳǣǢǦǫǣǫǫǬǧ ǨǬǪǞǫǢȴ «ǈǦǣǠ-

ǯǰǞǮ» Ǡ 2011 ǡǬǢǱ ǭǬǥǠǬǩȸǣǰ ǫǞǪ ǯ ǱǠǣ-

ǮǣǫǫǬǯǰȵȷ ǯǪǬǰǮǣǰȵ Ǡ ǟǱǢǱȲǣǣ. ǍǮǦ ȶǰǬǪ

ǠǬǭǩǬȲǞȸ Ǡ ǤǦǥǫȵ ǢǞǤǣ ǯǞǪȴǣ ǯǩǬǤǫȴǣ

ǱǭǮǞǠǩǣǫȰǣǯǨǦǣ ǮǣȱǣǫǦȸ.

«ǈǦǣǠǯǰǞǮ» Ǡ 2011 ǡǬǢǱ – Ǳǯǭǣǳ ǱǫǦǨǞǩȵǫǬǧ ǬǟȳǣǢǦǫǣǫǫǬǧ ǨǬǪǞǫǢȴ

ǄǟǪǬȳ ǇǤǮǪǞȮǡǩǦǪ,

RSIKLHIPU «КLIFTUDS»,

GNDFD ELKPIT-IHLPLY^

«УMSDLPD» VimpelCom Ltd.S p



ǏǰǞǟǦǩȵǫǬǯǰȵǟǦǥǫǣǯǞ «ǈǦǣǠǯǰǞǮ»

Ǧ ǮǬǯǰ ǭǬǰǮǣǟǩǣǫǦȸ ǱǯǩǱǡ ǆǧǤǡǩǮȲ «ǆǤǡǞǭǮǜǬ» Ǟ 2011 ǟǪǠǯ ǫǪǧǯȮǤǧǤ ǝǪǧȳȯǡ ǯǭǧǯǟ

Ǥ ǩǪǞȲǱ ǫǬǡǤǨǯȰǡǭǮǞ:

ǀ ǭǮǬǢǞǤǣ ǭǬȸǠǦǩǦǯȵ

ǯǪǞǮǰǲǬǫȴ «ǈǦǣǠǯǰǞǮ»

ǭǬ ǩǱȰȱǦǪ ȯǣǫǞǪ

ǯ ǩǱȰȱǦǪ ǫǞ ǮȴǫǨǣ

ǦǫǰǣǮǫǣǰ-ǰǞǮǦǲǬǪ –

ǡǮǫ Ǡ Ǣǣǫȵ1

ǂǬǯǰǱǭ Ǩ ǱǯǩǱǡǣ

«ǂǬǪǞȱǫǦǧ ǆǫǰǣǮǫǣǰ»

ǭǬǩǱȰǦǩǦ ǤǦǰǣǩǦ

ǫǬǠȴǳ ǡǬǮǬǢǬǠ100

8%

ǍǬǰǮǣǟǩǣǫǦǣ ǱǯǩǱǡ Ǡ

ǪǬǟǦǩȵǫǬǪ ǯǣǡǪǣǫǰǣ

(MOU) ǠǬǥǮǬǯǩǬ ǫǞ

19%

ǍǬǰǮǣǟǩǣǫǦǣ ǱǯǩǱǡ ǦǫǰǣǮǫǣǰǞ (ADPU)

ǠȴǮǬǯǩǬ ǫǞ


ǀǪǱǪǠSQTU RQ FTIO TIGOIPUDO,

QTQEIPPQ F OQELN_PQO L

WLMTLSQFDPPQO LPUISPIUI

ǋǬǤǝȲǧȳǩǪǭǮȳǯǰǞǟǦǩȵǫǞȸ ǪǞǮǤǞ EBITDA

ǯǬǯǰǞǠǩȸǣǰ ǟǬǩǣǣ

ǆǧǤǡǩǮȲRQZUL 100%

SQTU RQHMNaZIPL確M «ДQOD[PIOV ИPUISPIUV»

L 2% SQTU DEQPEDK^ F

OQELN_PQO TIGOIPUI

53%

«ǆǤǡǞǭǮǜǬ» Ǟ 2011 ǟǪǠǯ ǫǪǦǜǣǜǧ ǭǮǜǝǤǧȳǩȲǥ ǬǪǭǮ ǦǧȵȮǡǞȲǱ ǫǪǦǜǣǜǮǡǧǡǥ ǬǜǣǞǤǮǤȶ ǝǤǣǩǡǭǜ


ОE]IHLPIPP^確 ODSMIULPG

ǀ 2011 ǡǬǢǱ ǨǬǪǞǫǢǞ ǬǟȳǣǢǦǫǣǫ-

ǫǬǡǬ ǪǞǮǨǣǰǦǫǡǞ ǯǢǣǩǞǩǞ Ǡǯǣ ǠǬǥ-

ǪǬǤǫǬǣ, ȰǰǬǟȴ ǨǩǦǣǫǰȴ ǫǣ ǰǬǩȵǨǬ

ǭǬǩǱȰǦǩǦ ǟǬǩȵȱǣ ǪǬǟǦǩȵǫȴǳ ǱǯǩǱǡ, ǫǬ Ǧ ǬǰǨǮȴǩǦ Ǣǩȸ ǯǣǟȸ «ǂǬǪǞȱǫǦǧ

ǆǫǰǣǮǫǣǰ» Ǧ ǯǪǞǮǰǲǬǫȴ «ǈǦǣǠǯǰǞǮ»

ƬƹǜƹǚƹҨ ƹǢǥƸǢ – 2011 7ƬƹǜƹǚƹҨ ƹǢǥƸǢ – 2011 7

ǎǜǬǜǭ ǋǜǬǱǪǨǡǩǦǪ,

HLSIMUQS RQ ODSMIULPGV


ǈǩǦǣǫǰȴ «ǈǦǣǠǯǰǞǮ»Ǡ 2011 ǡǬǢǱ ǭǬǩǱȰǦǩǦǟǬǩȵȱǣ ǱǯǩǱǡǌǢǫǦǪ Ǧǥ ǡǩǞǠǫȴǳ ǠȴǥǬǠǬǠ ǱǨǮǞǦǫǯǨǬ-

ǡǬ ǰǣǩǣǨǬǪ ǮȴǫǨǞ Ǡ 2011 ǡǬǢǱ ǟȴǩǬ

ǬǤǦǢǞǫǦǣ ǯǬ ǯǰǬǮǬǫȴ ǭǬǰǮǣǟǦǰǣǩǣǧ ǭǬ-

ȸǠǩǣǫǦȸ ǫǬǠȴǳ ǰǣǩǣǨǬǪǪǱǫǦǨǞȯǦǬǫǫȴǳ ǱǯǩǱǡ. ǍǮǦ ȶǰǬǪ Ǡ ǱǯǩǬǠǦȸǳ ǬǰǯǱǰǯǰǠǦȸ

ǠǬǥǪǬǤǫǬǯǰǦ ǠǫǣǢǮǣǫǦȸ ǫǬǠȴǳ ǰǣǳǫǬ-

ǩǬǡǦǧ, Ǧ Ǡ ǭǣǮǠǱȷ ǬȰǣǮǣǢȵ 3G, «ǈǦǣǠ-

ǯǰǞǮ» ǫǞǳǬǢǦǩ ǯǬǟǯǰǠǣǫǫȴǣ ǮǣȱǣǫǦȸ

ǮǞǥǠǦǰǦȸ ǟǦǥǫǣǯǞ. ǎȴǫǬǨ ǪǬǟǦǩȵǫȴǳ ǱǯǩǱǡ ǫǞǯȴȲǣǫ, Ǧ ȶǰǬ ǰǮǣǟǬǠǞǩǬ Ǭǰ ǫǞǯ

ǯǬǥǢǞǫǦȸ ǫǬǠȴǳ ȯǣǫǬǠȴǳ ǪǬǢǣǩǣǧ, ǭǬ-

ǥǠǬǩȸȷȲǦǳ ǨǩǦǣǫǰǞǪ ǭǬǰǮǣǟǩȸǰȵ ǟǬǩȵ-

ȱǣ ǱǯǩǱǡ ǭǮǦ ǫǣǯǱȲǣǯǰǠǣǫǫǬǪ ǱǠǣǩǦȰǣ-

ǫǦǦ ǯǮǣǢǫǣǪǣǯȸȰǫǬǡǬ ǯȰǣǰǞ.

ǎǬǯǰ ǭǬǰǮǣǟǩǣǫǦȸ ǱǯǩǱǡ Ǧ ǱǠǣǩǦȰǣǫǦǣ ǞǟǬǫǟǞǥȴǏǱȲǣǯǰǠǣǫǫȴǧ ǮǬǯǰ ǭǬǰǮǣǟǩǣǫǦȸ ǱǯǩǱǡ, ǬǯǬǟǣǫǫǬ ǭǣǮǣǢǞȰǦ ǢǞǫǫȴǳ – ǬǟȲǞȸ

ǰǣǫǢǣǫȯǦȸ 2011 ǡǬǢǞ ǮǞǥǠǦǰǦȸ ǰǣǩǣǨǬ-

ǪǞ Ǡ ǪǦǮǣ Ǧ Ǡ ǑǨǮǞǦǫǣ. ǍǬȶǰǬǪǱ ǮǞǟǬǰǞ

ǬǟȳǣǢǦǫǣǫǫǬǡǬ «ǈǦǣǠǯǰǞǮ» ǟȴǩǞ ǯǲǬ-

ǨǱǯǦǮǬǠǞǫǞ ǫǞ ǰǬǪ, ȰǰǬǟȴ ǭǮǦ ǯǬǳǮǞǫǣ-

ǫǦǦ ǯǮǣǢǫǣǪǣǯȸȰǫǬǡǬ ǯȰǣǰǞ ǞǟǬǫǣǫǰǞ

Ǫȴ ǪǬǡǩǦ ǭǮǣǢǩǬǤǦǰȵ ǫǞȱǦǪ ǨǩǦǣǫǰǞǪ

ǯǱȲǣǯǰǠǣǫǫǬ ǟǬǩȵȱǦǧ ǬǟȳǣǪ ǱǯǩǱǡ.ǆ ȶǰǬ ǫǞǪ ǱǢǞǩǬǯȵ ǮǣǞǩǦǥǬǠǞǰȵ Ǡ ǭǬǩ-

ǫǬǧ ǪǣǮǣ: ǭǮǦ ǮǬǯǰǣ ǭǬǰǮǣǟǩǣǫǦȸ ǡǬǩǬ-

ǯǬǠȴǳ ǱǯǩǱǡ ǫǞ 8%, Ǟ ǦǫǰǣǮǫǣǰǞ ǫǞ 19%,

ǯǮǣǢǫǦǧ ǢǬǳǬǢ Ǭǰ ǞǟǬǫǣǫǰǞ Ǡ 2011 ǡǬǢǱ

ǱǠǣǩǦȰǦǩǯȸ ǠǯǣǡǬ ǫǞ 2%. ǀ 2011 ǡǬǢǱ

ǨǞǤǢȴǧ ǞǟǬǫǣǫǰ «ǈǦǣǠǯǰǞǮ» Ǡ ǯǮǣǢǫǣǪ

ǣǤǣǪǣǯȸȰǫǬ ǬǟȲǞǩǯȸ ǭǬ ǰǣǩǣǲǬǫǱ467 ǪǦǫǱǰ Ǧ ǭǬǩǱȰǞǩ ǭǞǨǣǰǫȴǧ ǪǬǟǦǩȵ-

ǫȴǧ ǦǫǰǣǮǫǣǰ, ǬǭǩǞȰǦǠǞȸ ǭǮǦ ȶǰǬǪ Ǡǯǣ-

ǡǬ 40,8 ǡǮǫ (ǭǬǮȸǢǨǞ $5).

ƾǟǬǫǣǫǰȴ Ǡ ǭǬǩǫǬǧ ǪǣǮǣ ǬȯǣǫǦǩǦ ǰǞǨǬǧ

ǢǮǱǤǣǯǰǠǣǫǫȴǧ ǭǬǢǳǬǢ «ǈǦǣǠǯǰǞǮ».

ǀ 2011 ǡǬǢǱ ǫǞ ǠȴǯǬǨǬ ǫǞǯȴȲǣǫǫǬǪ

ǮȴǫǨǣ ǪǬǟǦǩȵǫȴǳ ǭǮǣǢǩǬǤǣǫǦǧ ǪǬ-

ǟǦǩȵǫǞȸ ǞǟǬǫǣǫǰǯǨǞȸ ǟǞǥǞ «ǈǦǣǠǯǰǞǮ»

ǠȴǮǬǯǩǞ ǫǞ 386 ǰȴǯȸȰ ǢǬ 24,776 Ǫǩǫ

ȰǣǩǬǠǣǨ. ǐǞǨǤǣ ǫǞ 197 ǰȴǯȸȰ ǱǠǣǩǦ-

ȰǦǩǬǯȵ ǨǬǩǦȰǣǯǰǠǬ ǨǩǦǣǫǰǬǠ ǲǦǨǯǦǮǬ-

ǠǞǫǫǬǡǬ ǦǫǰǣǮǫǣǰǞ. ǛǰǬ ȸǮǨǬǣ ǯǠǦǢǣ-

ǰǣǩȵǯǰǠǬ ǰǬǡǬ, ȰǰǬ ǨǩǦǣǫǰȴ «ǈǦǣǠǯǰǞǮ»

ǱǢǬǠǩǣǰǠǬǮǣǫȴ ǭǮǣǢǩǬǤǣǫǦȸǪǦ «ǈǦǣǠ-

ǯǰǞǮ».

ǊǞǮǨǣǰǦǫǡ Ǧ ǦǫǰǣǡǮǞȯǦȸǌǰǢǣǩȵǫȴǪ ǠǞǤǫȴǪ ǫǞǭǮǞǠǩǣǫǦǣǪ ǮǞ-

ǟǬǰȴ 2011 ǡǬǢǞ ǟȴǩǦ ǪǞǮǨǣǰǦǫǡǬǠȴǣ

ǦǫǦȯǦǞǰǦǠȴ Ǡ ǮǞǪǨǞǳ ǬǟȳǣǢǦǫǣǫǦȸ «ǈǦ-

ǣǠǯǰǞǮ» Ǧ «Beeline-ǑǨǮǞǦǫǞ». ǌǭǣǮǞǰǬǮ

ǭǮǣǢǩǬǤǦǩ ǬǟȳǣǢǦǫǣǫǫǬǧ ǞǟǬǫǣǫǰǯǨǬǧ

ǟǞǥǣ ǣǢǦǫȴǣ ǯǨǮǣǰȰ-ǨǞǮǰȴ Ǧ ǠǞǱȰǣǮȴ

ǭǬǭǬǩǫǣǫǦȸ, ǫǣǰǞǮǦǲǦȯǦǮǱǣǪǱȷ ǱǯǩǱ-

ǡǱ ǫǞȯǦǬǫǞǩȵǫǬǡǬ ǮǬǱǪǦǫǡǞ Ǣǩȸ ǟǬǩǣǣ

500 ǰȴǯȸȰ ǞǟǬǫǣǫǰǬǠ «Beeline-ǑǨǮǞǦǫǞ»

Ǧ «ǁǬǩǢǣǫ ǐǣǩǣǨǬǪ» Ǡ ǯǣǰǦ «ǈǦǣǠǯǰǞǮ»,

ǨǮǬǪǣ ǰǬǡǬ ǯǢǣǩǞǩ ǢǬǯǰǱǭǫȴǪǦ ǮȸǢ Ǳǯ-ǩǱǡ «ǈǦǣǠǯǰǞǮ» Ǣǩȸ ǞǟǬǫǣǫǰǬǠ «Beeline-

ǑǨǮǞǦǫǞ» Ǧ «ǁǬǩǢǣǫ ǐǣǩǣǨǬǪ». ǐǞǨǤǣ

ǟȴǩǬ ǭǮǬǦǥǠǣǢǣǫǬ ǬǟȳǣǢǦǫǣǫǦǣ Ǡǯǣǳ ǯǣǮǠǦǯǫȴǳ ǲǱǫǨȯǦǧ ǰǮǣǳ ǬǭǣǮǞǰǬǮǬǠ:

call-ȯǣǫǰǮǬǠ, ȯǣǫǰǮǬǠ ǬǟǯǩǱǤǦǠǞǫǦȸ

ǞǟǬǫǣǫǰǬǠ, ǭǬǢǮǞǥǢǣǩǣǫǦǧ ǭǬ ǬǟǯǩǱǤǦ-

ǠǞǫǦȷ ǟǦǥǫǣǯ-ǨǩǦǣǫǰǬǠ.

ǊǱǩȵǰǦǪǣǢǦǞ Ǧ ǭǮǬǢǞǤǞ ǟǮǣǫǢǦǮǬǠǞǫǫȴǳ ǱǯǰǮǬǧǯǰǠ ǀ 2011 ǡǬǢǱ ǯǞǪȴǣ ǠȴǯǬǨǦǣ ǰǣǪǭȴ

ǮǬǯǰǞ ǯǮǣǢǦ Ǡǯǣǳ ǱǯǩǱǡ ǪǱǩȵǰǦǪǣǢǦǞ

ǭǬǨǞǥǞǩǬ ǫǞǭǮǞǠǩǣǫǦǣ «ǔǦǲǮǬǠǞȸ

ǊǱǥȴǨǞ». ǍǬ ǯǮǞǠǫǣǫǦȷ ǯ 2010 ǡǬǢǬǪ

ǨǬǩǦȰǣǯǰǠǬ ǭǬǩȵǥǬǠǞǰǣǩǣǧ ǭǩǞǰǫǬ-

ǡǬ ǪǱǥȴǨǞǩȵǫǬǡǬ ǨǬǫǰǣǫǰǞ ǠȴǮǬǯǩǬ

Ǡ 20 ǮǞǥ, Ǟ ǢǬǳǬǢ Ǭǰ ǭǮǬǢǞǤ ȯǦǲǮǬǠǬǧ

ǪǱǥȴǨǦ – Ǡ 11,5 ǮǞǥ. ǐǞǨǤǣ ǠȴǮǬǯ ǢǬ-

ǳǬǢ «ǈǦǣǠǯǰǞǮ» Ǭǰ ǭǮǬǢǞǤǦ ǦǡǮ – ǫǞ

49% ǭǬ ǯǮǞǠǫǣǫǦȷ ǯ 2010 ǡǬǢǬǪ.

ǀ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǞǨǰǦǠǫǬ ǮǞǥǠǦ-

ǠǞǩ ǦǫǫǬǠǞȯǦǬǫǫȴǣ ǭǮǬǢǱǨǰȴ Ǣǩȸ ǪǬ-

ǟǦǩȵǫǬǡǬ Ǧ ǲǦǨǯǦǮǬǠǞǫǫǬǡǬ ǦǫǰǣǮǫǣǰǞ.

ǍǬǢ ǯǬǟǯǰǠǣǫǫȴǪ ǟǮǣǫǢǬǪ ǬǭǣǮǞǰǬǮ

ǠȴǠǣǩ ǩǦǫǣǧǨǱ ǫǞǦǟǬǩǣǣ ǢǬǯǰǱǭǫȴǳ ǫǞ

ǮȴǫǨǣ ǯǪǞǮǰǲǬǫǬǠ, ǰǞǨǤǣ ǟȴǩǞ Ǡǫǣ-

ǢǮǣǫǞ ǭǮǬǢǞǤǞ ǮǬǱǰǣǮǬǠ Ǣǩȸ ǨǩǦǣǫǰǬǠ

«ǂǬǪǞȱǫǣǡǬ ǆǫǰǣǮǫǣǰǞ».

42% ǪǫǬǪȯǡǩǩȲǱ ǭȮǤǮǜȵǮ

ǩǜǤǧǯȮȯǤǨ ǭǪǪǮǩǪȯǡǩǤǡǨ

ȭǡǩȲ Ǥ ǦǜȮǡǭǮǞǜ ǭǞȶǣǤ

ǤǨǡǩǩǪ ǯǭǧǯǟǤ «ǆǤǡǞǭǮǜǬ»


ǎǬǯǰ ǪǞǮǨǣǰǦǫǡǬǠȴǳ ǭǬǨǞǥǞǰǣǩǣǧǀ 2011 ǡǬǢǱ ǬǟȳǣǢǦǫǣǫǫȴǧ «ǈǦǣǠǯǰǞǮ»

ǭǬǩǱȰǦǩ ǮǬǯǰ Ǡǯǣǳ ǪǞǮǨǣǰǦǫǡǬǠȴǳ ǭǬ-

ǨǞǥǞǰǣǩǣǧ. ǋǞǭǮǦǪǣǮ, ǭǬ ǮǣǥǱǩȵǰǞǰǞǪ

IV ǨǠǞǮǰǞǩǞ 2011 ǡǬǢǞ, ǯǬǡǩǞǯǫǬ Ǧǯǯǩǣ-

ǢǬǠǞǫǦȷ Brand Progress Tracking ǨǬǪ-

ǭǞǫǦǦ GfK Ukraine, «ǈǦǣǠǯǰǞǮ» ǢǬǯǰǦǡ ǩǦǢǣǮǯǰǠǞ ǯǮǣǢǦ ǱǨǮǞǦǫǯǨǦǳ ǮǣǨǩǞǪǬ-

ǢǞǰǣǩǣǧ ǭǬ ǭǬǨǞǥǞǰǣǩȷ «ƿǮǣǫǢ, ǨǬǰǬǮǬ-

ǪǱ ǫǞǦǟǬǩǣǣ ǬǰǢǞǣǰǯȸ ǭǮǣǢǭǬȰǰǣǫǦǣ» –

Ǭǫ ǢǬǯǰǦǡ 45%. ǐǞǨǤǣ Ǡ ǭǮǬȱǩǬǪ ǡǬǢǱ

ǬǭǣǮǞǰǬǮǱ ǱǢǞǩǬǯȵ ǬǟȳǣǢǦǫǦǰȵ ǠȴǯǬǨǦǣ

ǲǦǫǞǫǯǬǠȴǣ ǭǬǨǞǥǞǰǣǩǦ ǯ ǠǬǯǭǮǦȸǰǦǣǪ

ǞǱǢǦǰǬǮǦǦ «ǉǱȰȱǣǣ ǯǬǬǰǫǬȱǣǫǦǣ ȯǣǫȴ

Ǧ ǨǞȰǣǯǰǠǞ». ǍǬ ǢǞǫǫȴǪ ǦǯǯǩǣǢǬǠǞǫǦǧ

42% ǬǭǮǬȱǣǫǫȴǳ ǯȰǦǰǞȷǰ ǫǞǦǩǱȰȱǦǪ

ǯǬǬǰǫǬȱǣǫǦǣǪ ȯǣǫȴ Ǧ ǨǞȰǣǯǰǠǞ ǯǠȸǥǦ

ǦǪǣǫǫǬ ǱǯǩǱǡǦ «ǈǦǣǠǯǰǞǮ».

Ǌȴ ǮǞǯǯȰǦǰȴǠǞǣǪ, ȰǰǬ ǮǞǫǬ ǦǩǦ ǭǬǥǢ-

ǫǬ «ǈǦǣǠǯǰǞǮ» ǭǬǩǱȰǦǰ 3G ǩǦȯǣǫǥǦȷ Ǧ

ǠǞǤǫǬ ǠǯǰǮǣǰǦǰȵ ȶǰǬǰ ǪǬǪǣǫǰ ǯ ǡǬǰǬǠ-

ǫǬǯǰȵȷ, ȰǰǬǟȴ ǪǞǨǯǦǪǞǩȵǫǬ ǟȴǯǰǮǬ ǫǞ-

ǠǣǮǯǰǞǰȵ ǰǣǳǫǬǩǬǡǦȰǣǯǨǬǣ ǬǰǯǰǞǠǞǫǦǣ.

ǂǩȸ ȶǰǬǡǬ Ǡ 2011 ǡǬǢǱ Ǫȴ ǭǮǬǢǬǩǤǞǩǦ

ǮǞǥǠǦǠǞǰȵ ǯǣǡǪǣǫǰ ǲǦǨǯǦǮǬǠǞǫǫǬǡǬ Ǧǫ-

ǰǣǮǫǣǰǞ, ǪǱǩȵǰǦǪǣǢǦǧǫȴǣ ǱǯǩǱǡǦ, Ǡȴȱ-

ǩǦ ǫǞ ǮȴǫǬǨ ǯǪǞǮǰǲǬǫǬǠ.

ǀ ǯǱȲǣǯǰǠǱȷȲǦǳ ǱǯǩǬǠǦȸǳ ǮȴǫǨǞ Ǫȴ

ǠǦǢǦǪ ǬǭǣǮǞȯǦǬǫǫǱȷ ȶǲǲǣǨǰǦǠǫǬǯǰȵ

Ǧ ǪǞǯǰǣǮǯǰǠǬ ǠǣǢǣǫǦȸ ǟǦǥǫǣǯǞ Ǡ ǣȲǣ

ǟǬǩȵȱǣǧ ȶǲǲǣǨǰǦǠǫǬǯǰǦ ǦǫǠǣǯǰǦȯǦǧ, Ǟ

ǰǞǨǤǣ Ǡ ǭǬǦǯǨǣ ǢǬǭǬǩǫǦǰǣǩȵǫȴǳ ǦǯǰǬȰ-

ǫǦǨǬǠ ǢǬǳǬǢǞ Ǭǰ ǫǬǠȴǳ ǫǞǭǮǞǠǩǣǫǦǧ

ǰǣǩǣǨǬǪǪǱǫǦǨǞȯǦǬǫǫǬǡǬ ǟǦǥǫǣǯǞ.

ǋǬǠǞȸ ǨǬǪǪǱǫǦǨǞȯǦǬǫǫǞȸ ǭǩǞǰǲǬǮǪǞ2011 ǡǬǢ ǯǰǞǩ ǡǬǢǬǪ ǫǬǠȴǳ ǭǮǦǠǩǣǨǞ-

ǰǣǩȵǫȴǳ ȯǣǫǬǠȴǳ Ǧ ǭǮǬǢǱǨǰǬǠȴǳ ǭǮǣǢ-

ǩǬǤǣǫǦǧ ǬǟȳǣǢǦǫǣǫǫǬǡǬ «ǈǦǣǠǯǰǞǮ»,

ǨǬǰǬǮȴǣ ǯǬǭǮǬǠǬǤǢǞǩǦǯȵ ǬǟǫǬǠǩǣ-

ǫǦǣǪ ǮǣǨǩǞǪǫȴǳ ǨǬǪǪǱǫǦǨǞȯǦǧ. ǀ

2011 «ǈǦǣǠǯǰǞǮ» ǮǞǥǮǞǟǬǰǞǩ Ǧ ǫǞȰǞǩ

ǦǯǭǬǩȵǥǬǠǞǰȵ ǫǬǠǱȷ ǨǬǪǪǱǫǦǨǞȯǦǬǫ-

ǫǱȷ ǭǩǞǰǲǬǮǪǱ, ǨǬǰǬǮǞȸ ǟǞǥǦǮǱǣǰǯȸ

ǫǞ ǬǟȲǣȰǣǩǬǠǣȰǣǯǨǦǳ ȯǣǫǫǬǯǰȸǳ – Ȱǣ-

ǩǬǠǣȰǫǬǯǰȵ, ǠǢǬǳǫǬǠǣǫǦǣ, ǞǨǰǦǠǫǞȸ

ǤǦǥǫǣǫǫǞȸ ǭǬǥǦȯǦȸ, ǥǞǟǬǰǞ. ǈǞǤǢȴǧǮǣǨǩǞǪǫȴǧ ǮǬǩǦǨ «ǈǦǣǠǯǰǞǮ» 2011 ǡǬǢǞ

ǫǣ ǰǬǩȵǨǬ ǯǬǬǟȲǞǩ Ǭ ǭǮǬǢǱǨǰǞǳ Ǧ ǰǞ-

ǮǦǲǞǳ ǬǭǣǮǞǰǬǮǞ, ǫǬ Ǧ ǮǞǯǯǨǞǥȴǠǞǩ

ǦǯǰǬǮǦǦ Ǧǥ ǤǦǥǫǦ – Ǭ ǩȷǢȸǳ, Ǧǳ ǠǥǞǦ-

ǪǬǬǰǫǬȱǣǫǦȸǳ, Ǭ ǩȷǟǠǦ, ǢǮǱǤǟǣ Ǧ ǠǥǞ-

ǦǪǬǠȴǮǱȰǨǣ. «ǈǦǣǠǯǰǞǮ» ǫǞȰǞǩ ǯǫǦǪǞǰȵ

ǮǣǨǩǞǪǱ Ǡ ǲǬǮǪǞǰǣ ǪǦǫǦ-ǲǦǩȵǪǬǠ,

ǭǮǦǡǩǞȱǞȸ ǦǥǠǣǯǰǫȴǳ ǞǨǰǣǮǬǠ.

ǎǬǯǰ ǭǮǬǢǞǤ ǍǮǦǠǩǣǨǞǰǣǩȵǫȴǣ ǭǮǬǢǱǨǰȴ Ǧ ǦǫǰǣǮǣǯǫǞȸ

ǮǣǨǩǞǪǞ ǭǬǥǠǬǩǦǩǦ ǭǬǩǱȰǦǰȵ, ǨǞǨ ǭǬǥǦ-

ǰǦǠǫǬǣ ǠǬǯǭǮǦȸǰǦǣ ǞǱǢǦǰǬǮǦǣǧ ǭǮǣǢǩǬ-

ǤǣǫǦǧ ǬǭǣǮǞǰǬǮǞ, ǰǞǨ Ǧ ǠȴǯǬǨǦǣ ǭǬǨǞǥǞ-

ǰǣǩǦ ǭǮǬǢǞǤ. ǀǯǣǡǬ Ǡ 2011 ǡǬǢǱ ǨǩǦǣǫǰȴ

ǭǮǦǬǟǮǣǩǦ ǟǬǩǣǣ 3 Ǫǩǫ ǯǰǞǮǰǬǠȴǳ ǭǞǨǣǰǬǠ

«ǈǦǣǠǯǰǞǮ» (ǭǮǦǮǬǯǰ ǫǞ 9%) Ǧ 1,2 Ǫǩǫ –

djuice. ǌǟȳǣǪ ǨǬǫǰǮǞǨǰǫȴǳ ǭǬǢǨǩȷȰǣ-

ǫǦǧ Ǡ 2011 ǡǬǢǱ ǯǬǯǰǞǠǦǩ 52,5 ǰȴǯȸȰǦ.

ǐǞǨǤǣ ǞǟǬǫǣǫǰȴ ǬǟȳǣǢǦǫǣǫǫǬǡǬ «ǈǦǣǠ-

ǯǰǞǮ» ǭǮǦǬǟǮǣǩǦ ǯǨǮǣǰȰ-ǨǞǮǰ ǫǞ 6,2 ǪǩǮǢ

ǡǮǦǠǣǫ Ǧ ǭǬǭǬǩǫǦǩǦ ǯȰǣǰǞ ȶǩǣǨǰǮǬǫǫȴǪǦ ǢǮǱǡǦǪǦ ǯǭǬǯǬǟǞǪǦ ǫǞ 4,7 ǪǩǮǢ ǡǮǦǠǣǫ.

ǀ ȯǣǩǬǪ ǢǬǩȸ ȶǩǣǨǰǮǬǫǫȴǳ ǭǬǭǬǩǫǣǫǦǧ

Ǡ 2011 ǡǬǢǱ ǱǠǣǩǦȰǦǩǞǯȵ ǯ 39% ǢǬ 43%.

ǌǰ ǭǮǬǢǞǤ ǯǰǞǮǰǬǠȴǳ ǭǞǨǣǰǬǠ, ǨǬǢǬǠ

ǭǬǭǬǩǫǣǫǦȸ ǯȰǣǰǞ, Ǟ ǰǞǨǤǣ ǪǬǢǣǪǬǠ Ǧ

ǯǪǞǮǰǲǬǫǬǠ Ǡ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǭǬ-

ǩǱȰǦǩ ǟǬǩǣǣ 11 ǪǩǮǢ ǡǮǫ ǢǬǳǬǢǞ.

ǀ ȯǣǩǬǪ ǭǬ ǦǰǬǡǞǪ 2011 ǡǬǢǞ «ǈǦǣǠǯǰǞǮ»

ǭǬǩǱȰǦǩ ǭǮǦǮǬǯǰ ǢǬǳǬǢǞ Ǡ 589 Ǫǩǫ ǡǮǫ Ǧ

ǢǬǯǰǦǡ ǱǮǬǠǫȸ 13 ǪǩǮǢ 078 Ǫǩǫ ǡǮǫ.


ƾǤǮǜǧǤǥ ƾǪǬǪǢǝǤǮ,HLSIMUQS RQ SDKFLULa

ELKPITD PD ODTTQFQO S^PMI


ǎǞǥǠǦǰǦǣ ǨǞȰǣǯǰǠǞ

ǬǟǯǩǱǤǦǠǞǫǦȸ Ǡ ǰǬȰǨǞǳ ǭǮǬǢǞǤ

Ǧ ǭǬǦǯǨ ǫǬǠȴǳ ǱǫǦǨǞǩȵǫȴǳ ǱǯǩǱǡ –ȶǰǬ ǰǬ, ǫǞǢ ȰǣǪ ǮǞǟǬǰǞǩǞ ǨǬǪǞǫǢǞ

Ǡ 2011 ǡǬǢǱ

ОE]IHLPIPPDb MQODPHDODSMIULPGD RQ SDKFLULa ELKPITD

PD ODTTQFQO S^PMI


ǎǣǨǬǮǢǫȴǧ ǮǬǯǰ ǦǫǰǣǮǫǣǰǞ «ǈǦǣǠǯǰǞǮ»2011 ǡǬǢ Ǣǩȸ «ǈǦǣǠǯǰǞǮ» ǯǰǞǩ ǡǬǢǬǪ

ǬǯǬǟǬǡǬ ǞǨȯǣǫǰǞ ǫǞ ǮǞǥǠǦǰǦǦ ǱǯǩǱǡǦ

«ǂǬǪǞȱǫǦǧ ǆǫǰǣǮǫǣǰ». ǐǞǨǤǣ Ǡ 2011

ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǯǬǯǮǣǢǬǰǬȰǦǩǯȸ ǫǞ

ǱǨǮǣǭǩǣǫǦǦ ǩǬȸǩȵǫǬǯǰǦ ǨǩǦǣǫǰǬǠ

ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ, ǠȴǭǱǯǰǦǠ ǫǞ ǮȴǫǬǨ

ǮȸǢ «ǭǞǨǣǰǫȴǳ» ǭǮǣǢǩǬǤǣǫǦǧ (ǡǬǩǬ-

ǯǬǠȴǣ ǱǯǩǱǡǦ + ǦǫǰǣǮǫǣǰ + ǪǱǩȵǰǦǪǣ-

ǢǦǧǫȴǣ ǭǮǬǢǱǨǰȴ).

ǊǞǯǯǬǠȴǧ ǯǣǡǪǣǫǰƾǟǬǫǣǫǰǞǪ «ǈǦǣǠǯǰǞǮ» ǟȴǩǦ ǭǮǣǢǩǬǤǣ-

ǫȴ ǰǞǮǦǲȴ «ǂǩǦǫǫȴǣ ǮǞǥǡǬǠǬǮȴ», «ǌǟ-

ȲǞǧǰǣǯȵ ǟǣǥ ǡǮǞǫǦȯ» Ǧ «ƿǱǢȵ ǫǞ ǯǠȸǥǦ»,

Ǟ ǥǞǰǣǪ ǰǮǦ ǰǞǮǦǲǞ ǟǣǥ ǍǅǏ «ǏȰǞǯǰǩǦ-

Ǡȴǧ», «ǑǢǬǟǫȴǧ» Ǧ «ǊǞǨǯǦǪǞǩȵǫȴǧ».

ǉǣǰǬǪ 2011 ǡǬǢǞ «ǈǦǣǠǯǰǞǮ» ǥǞǭǱǯǰǦǩ

ǬǟǫǬǠǩǣǫǫǱȷ ǍǮǬǡǮǞǪǪǱ ƿǩǞǡǬǢǞǮǫǬ-

ǯǰǦ, Ǡ ǮǞǪǨǞǳ ǨǬǰǬǮǬǧ ǞǟǬǫǣǫǰȴ ǭǬǩǱ-

ȰǞȷǰ ǨǞǤǢȴǧ Ǫǣǯȸȯ ǯǨǦǢǨǱ ǫǞ ǱǯǩǱǡǦ

ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ Ǡ ǮǞǥǪǣǮǣ ǢǬ 20%.

Djuiceǀ 2011 ǡǬǢǱ ǪǬǩǬǢǣǤǫȴǧ ǟǮǣǫǢ djuice Ǭǟ-

ǫǬǠǦǩ ǰǞǮǦǲȴ «DJUICE, ƿǬǪǟǞ», «ǎǞǥǡǬǠǞ-

ǮǦǠǞǧ Ǧ ǭǦȱǦ», ǠȴǭǱǯǰǦǩ ǰǞǮǦǲ «ǍǮǬǮȴǠ»

ǯ ǫǣǰǞǮǦǲǦȯǦǮǱǣǪȴǪǦ ǭǞǨǣǰǫȴǪǦ ǪǦǫǱ-

ǰǞǪǦ Ǣǩȸ ǥǠǬǫǨǬǠ ǫǞ Ǡǯǣ ǯǣǰǦ. ǀ ǢǣǨǞǟǮǣ

ǠǯǣǪ ǞǟǬǫǣǫǰǞǪ djuice ǟȴǩ ǭǮǣǢǩǬǤǣǫ ǫǬ-

Ǡȴǧ ǰǞǮǦǲ «5+0» ǯ ǱǫǦǨǞǩȵǫǬǧ ǲǬǮǪǱǩǬǧ:

0 ǨǬǭǣǣǨ + ǯǰǬǦǪǬǯǰȵ ǪǦǫǱǰȴ ǥǠǬǫǨǞ ǫǞ

ǫǬǪǣǮǞ djuice, 5 ǨǬǭǣǣǨ + ǯǰǬǦǪǬǯǰȵ ǪǦǫǱ-

ǰȴ ǫǞ Ǡǯǣ ǬǯǰǞǩȵǫȴǣ ǫǞǭǮǞǠǩǣǫǦȸ. ǈǮǬǪǣ

ǰǬǡǬ ǟȴǩǞ ǥǞǭǱȲǣǫǞ ǱǫǦǨǞǩȵǫǞȸ, ǫǣ ǦǪǣ-

ȷȲǞȸ ǞǫǞǩǬǡǬǠ Ǡ ǑǨǮǞǦǫǣ, ǱǯǩǱǡǞ «ǅǞǭǩǞ-

ǰǦ ǥǞ Ǫǣǫȸ» ǯ ǠǬǥǪǬǤǫǬǯǰȵȷ ǥǠǬǫǦǰȵ ǥǞ

ǯȰǣǰ ǭǬǩǱȰǞǰǣǩȸ ǥǠǬǫǨǞ.

ДNb RQN_KQFDUINI確 TQYLDN_P^X TIUI確 E^ND QEPQFNIPD VTNVGD

«ВКQPUDMUI», UDSLW T RQTVUQZPQ確 QRNDUQ確 «МQELN_P^確 ИPUIS-

PIU XL».

ДNb NaELUINI確 LGS L SDKFNIZIPL確 E^ND RSIHNQJIPD VTNVGD «ИGSQ-

FQ確 EIKNLO» – HQTUVR M RQSUDNV NVZ[LX OQELN_P^X LGS RQ RQHRL-

TMI, EIK RNDU^ KD USDWLM .

БLKPIT-MNLIPU^ RQNVZLNL PQFÎ UDSLWPÎ RDMIU^ «БLKPIT-ИPUISPIU» T PIUDSLWLYLSVIOÔ QE]IOQO VTNVG , FMNaZIPP^X F

DEQPRNDUV.

ǊǬǟǦǩȵǫȴǧ ǦǫǰǣǮǫǣǰǀ 2011 ǡǬǢǱ Ǡǯǣ ǭǬǨǞǥǞǰǣǩǦ ǱǯǩǱǡǦ

«ǊǬǟǦǩȵǫȴǧ ǆǫǰǣǮǫǣǰ» ǮǣǨǬǮǢǫǬ Ǡȴ-

ǮǬǯǩǦ. ǂǬǳǬǢ ǱǠǣǩǦȰǦǩǯȸ ǫǞ 34% Ǧ ǯǬ-

ǯǰǞǠǦǩ 738,6 Ǫǩǫ ǡǮǫ. ǌǟȳǣǪ ǰǮǞǲǦ-

ǨǞ ǠȴǮǬǯ ǫǞ 42% ǢǬ 3 315 ǐƿ. ǌǟȲǣǣ

ǨǬǩǦȰǣǯǰǠǬ ǨǩǦǣǫǰǬǠ ǪǬǟǦǩȵǫǬǡǬ Ǧǫ-

ǰǣǮǫǣǰǞ ǭǬ ǦǰǬǡǱ 2011 ǡǬǢǞ ǯǬǯǰǞǠǦǩǬ

7,360 Ǫǩǫ, Ǧǥ ǫǦǳ 3,345 Ǫǩǫ – ǭǬǩȵǥǬ-

ǠǞǰǣǩǦ GPRS-ǦǫǰǣǮǫǣǰǞ, Ǟ 4,015 Ǫǩǫ –

ǭǬǩȵǥǬǠǞǰǣǩǦ WAP. ǈǬǩǦȰǣǯǰǠǬ ǨǩǦ-

ǣǫǰǬǠ ǪǬǟǦǩȵǫǬǡǬ ǦǫǰǣǮǫǣǰǞ, ǨǬǰǬ-

Ǯȴǣ ǭǬǩȵǥǱȷǰǯȸ ǦǪ ǣǤǣǢǫǣǠǫǬ, ǠǬǥ-

ǮǬǯǩǬ ǫǞ 45% – ǯ 0,9 Ǫǩǫ ǢǬ 1,3 Ǫǩǫ.

ǐǞǨǤǣ Ǡ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǞǨǰǦǠ-

ǫǬ ǠǫǣǢǮȸǩ ǭǞǨǣǰǫȴǣ ǭǮǣǢǩǬǤǣǫǦȸ –

ǯ ǠǨǩȷȰǣǫǫȴǪǦ Ǡ ǞǟǬǫǭǩǞǰǱ ǬǟȳǣǪǞ-

ǪǦ ǱǯǩǱǡ, Ǡ ǥǞǠǦǯǦǪǬǯǰǦ Ǭǰ ǭǬǰǮǣǟǫǬ-

ǯǰǣǧ ǨǩǦǣǫǰǬǠ ǮǞǥǩǦȰǫȴǳ ǯǣǡǪǣǫǰǬǠ.

ǌǢǫǬǠǮǣǪǣǫǫǬ «ǈǦǣǠǯǰǞǮ» ǱǢǣǩǦǩ

ǠǫǦǪǞǫǦǣ ǨǞȰǣǯǰǠǱ ǪǬǟǦǩȵǫǬǡǬ Ǧǫ-

ǰǣǮǫǣǰǞ. ǀ 2011 ǡǬǢǱ ǣǪǨǬǯǰȵ ǯǣǰǦ

EDGE «ǈǦǣǠǯǰǞǮ» ǟȴǩǞ ǱǠǣǩǦȰǣǫǞ ǫǞ

25%, ȰǰǬ ǭǬǥǠǬǩǦǩǬ ǬǟǣǯǭǣȰǦǰȵ ǨǩǦ-

ǣǫǰǞǪ ǯǰǞǟǦǩȵǫǱȷ ǯǨǬǮǬǯǰȵ ǢǬǯǰǱǭǞ

ǢǬ 140 ǈǟǦǰ/ǯ.


ǌǟǯǩǱǤǦǠǞǫǦǣ ǞǟǬǫǣǫǰǬǠ2011 ǡǬǢ ǯǰǞǩ Ǣǩȸ ǬǟȳǣǢǦǫǣǫǫǬǡǬ

«ǈǦǣǠǯǰǞǮ» ǡǬǢǬǪ ǠǫǣǢǮǣǫǦȸ ǫǬǠȴǳ ǮǣȱǣǫǦǧ ǭǬ ǬǟǯǩǱǤǦǠǞǫǦȷ ǨǩǦǣǫ-

ǰǬǠ. «ǈǦǣǠǯǰǞǮ» Ǡ ǮǞǪǨǞǳ ǦǫǰǣǡǮǞȯǦǦ

ǯ «Beeline-ǑǨǮǞǦǫǞ» ǱǢǣǩǦǩ ǟǬǩȵȱǬǣ

ǠǫǦǪǞǫǦǣ ǱǫǦǲǦǨǞȯǦǦ ǭǮǬȯǣǯǯǬǠ Ǭǟ-

ǯǩǱǤǦǠǞǫǦȸ ǨǩǦǣǫǰǬǠ – ǠǫǣǢǮǣǫǦȷ

ǣǢǦǫǬǧ ǯǦǯǰǣǪȴ ǨǞȰǣǯǰǠǞ, ǬǟǱȰǣǫǦȷ

ǯǬǰǮǱǢǫǦǨǬǠ, ǣǢǦǫǬǧ ǯǰǮǱǨǰǱǮǣ ǨǞǫǞ-

ǩǬǠ ǬǟǯǩǱǤǦǠǞǫǦȸ.

Call-ȯǣǫǰǮǀ 2011 ǡǬǢǱ call-ȯǣǫǰǮ «ǈǦǣǠǯǰǞǮ»

ǬǟǮǞǟǬǰǞǩ ǟǬǩǣǣ 33 Ǫǩǫ ǥǠǬǫǨǬǠ

ǞǟǬǫǣǫǰǬǠ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ, ǭǮǦȰǣǪ

ǯǮǣǢǫǣǣ ǠǮǣǪȸ ǬǤǦǢǞǫǦȸ ǬǰǠǣǰǞ ǭǮǦ

ǥǠǬǫǨǣ Ǡ call-ȯǣǫǰǮǞ ǫǣ ǭǮǣǠȴȱǞǩǬ

17 ǯǣǨǱǫǢ. ǈǮǬǪǣ ǰǬǡǬ Ǡ 2011 ǡǬǢǱ

«ǈǦǣǠǯǰǞǮ» ǮǣǞǩǦǥǬǠǞǩ ǪǞǯȱǰǞǟǫȴǧ

ǭǮǬǣǨǰ ǭǬ ǢǬǭǬǩǫǦǰǣǩȵǫǬǧ ǫǬǠǬǧ

ǲǱǫǨȯǦǦ ȯǣǫǰǮǞ ǰǣǩǣǲǬǫǫǬǡǬ ǬǟǯǩǱ-

ǤǦǠǞǫǦȸ – ǯǬǥǢǞǫǦǣ ǫǞǭǮǞǠǩǣǫǦȸ

ǭǮǬǢǞǤ. ǀ ȶǰǬǪ ǨǞȰǣǯǰǠǣ call-ȯǣǫǰǮ

ǯǡǣǫǣǮǦǮǬǠǞǩ ǢǬǳǬǢ 14,7 Ǫǩǫ ǡǮǫǬǰ ǭǮǬǢǞǤǦ ǢǬǭǬǩǫǦǰǣǩȵǫȴǳ ǱǯǩǱǡǫǞ ǠǳǬǢȸȲǦǳ ǥǠǬǫǨǞǳ Ǧ 17,0 Ǫǩǫ ǡǮǫ –

ǫǞ ǦǯǳǬǢȸȲǦǳ ǥǠǬǫǨǞǳ, ȰǰǬ Ǡ ȯǣǩǬǪ

ǭǬǥǠǬǩǦǩǬ ǬǭǣǮǞǰǬǮǱ ǭǬǩǱȰǦǰȵ ǢǬ-

ǭǬǩǫǦǰǣǩȵǫȴǧ ǢǬǳǬǢ Ǡ 31,7 Ǫǩǫ ǡǮǫ.

«ǈǦǣǠǯǰǞǮ» ǯǱȲǣǯǰǠǣǫǫǬ ǱǩǱȰȱǦǩ

ǱǮǬǠǣǫȵ ǰǣǩǣǲǬǫǫǬǡǬ ǬǟǯǩǱǤǦǠǞǫǦȸ

ǨǩǦǣǫǰǬǠ ǫǬǠǬǡǬ ǫǞǭǮǞǠǩǣǫǦȸ – Ǳǯ-ǩǱǡǦ «ǂǬǪǞȱǫǦǧ ǆǫǰǣǮǫǣǰ». ǏǮǣǢǫǣǣ

ǠǮǣǪȸ ǬǤǦǢǞǫǦȸ ǬǰǠǣǰǞ ǭǮǦ ǥǠǬǫǨǣ

Ǡ call-ȯǣǫǰǮ ȶǰǬǧ ǨǞǰǣǡǬǮǦǦ ǨǩǦǣǫ-

ǰǬǠ ǟȴǩ ǯǫǦǤǣǫ Ǡ ǰǮǦ ǮǞǥǞ. ǐǞǨǤǣ

Ǡ ǰǮǦ ǮǞǥǞ ǯǬǨǮǞȲǣǫǬ ǨǬǩǦȰǣǯǰǠǬ

ǥǞǭǮǬǯǬǠ, ǫǣ Ǯǣȱǣǫǫȴǳ ǭǮǦ ǭǣǮǠǬǪ

ǨǬǫǰǞǨǰǣ ǯ ǞǟǬǫǣǫǰǬǪ. ǆǫǢǣǨǯ ǱǢǬǠ-

ǩǣǰǠǬǮǣǫǫǬǯǰǦ ǦǫǰǣǮǫǣǰ-ǨǩǦǣǫǰǬǠ,

Ǡ ǯǬǬǰǠǣǰǯǰǠǦǦ ǯ Ǧǳ ǬǭǮǬǯǬǪ, ǠȴǮǬǯ

ǫǞ 5 ǭǮǬȯǣǫǰǫȴǳ ǭǱǫǨǰǬǠ.

ǀǫǣȱǫǣǣ ǦǯǯǩǣǢǬǠǞǫǦȸ TRI*M ǭǬ

ǬȯǣǫǨǣ ǱǮǬǠǫȸ ǱǢǬǠǩǣǰǠǬǮǣǫǫǬǯǰǦ

ǨǩǦǣǫǰǬǠ ǬǟǯǩǱǤǦǠǞǫǦǣǪ «ǈǦǣǠ-

ǯǰǞǮ», ǭǮǬǠǣǢǣǫǫǬǣ ǨǬǪǭǞǫǦǣǧ TNS,

ǭǬǨǞǥǞǩǬ ǮǣǥǱǩȵǰǞǰ 90,6% (Ǡ ȯǣǩǬǪ

ǭǬ ǠǯǣǪ ǨǞǰǣǡǬǮǦȸǪ ǞǟǬǫǣǫǰǬǠ Ǭǭǣ-

ǮǞǰǬǮǞ), ȰǰǬ ǭǬǢǰǠǣǮǢǦǩǬ ǩǦǢǣǮǯǰǠǬ

«ǈǦǣǠǯǰǞǮ» ǯǮǣǢǦ ǬǭǣǮǞǰǬǮǬǠ ǪǬ-

ǟǦǩȵǫǬǧ ǯǠȸǥǦ ǑǨǮǞǦǫȴ. ǛǰǬǰ ǭǬǨǞǥǞ-

ǰǣǩȵ ǫǞ 5 ǭǮǬȯǣǫǰǫȴǳ ǭǱǫǨǰǬǠ Ǡȴȱǣ,

ȰǣǪ ǯǮǣǢǫǦǧ ǭǬǨǞǥǞǰǣǩȵ ǭǬ ǮȴǫǨǱ.


«ǂǬǪǞȱǫǦǧ ǆǫǰǣǮǫǣǰ» ǭǬ ǰǣǳǫǬǩǬǡǦǦ FTTBǅǞ 12 ǪǣǯȸȯǣǠ Ǩ ȱǦǮǬǨǬǭǬǩǬǯǫǬǪǱ

ǦǫǰǣǮǫǣǰǱ «ǈǦǣǠǯǰǞǮ» ǭǬǢǨǩȷȰǦǩ

103 ǫǬǠȴǳ ǡǬǮǬǢǞ, ǭǮǬǩǬǤǦǠ ǟǬǩǣǣ

9,6 ǰȴǯ. ǨǪ. ǬǭǰǬǠǬǩǬǨǫǞ Ǧ ǮǞǯȱǦǮǦǠ

ǣǪǨǬǯǰȵ ǠǫǣȱǫǦǳ ǨǞǫǞǩǬǠ ǭǣǮǣǢǞȰǦ

ǢǞǫǫȴǳ ǯ 170 ǁƿ ǢǬ 291 ǁƿ. ǈǞȰǣǯǰǠǣǫ-

ǫȴǧ ǦǫǰǣǮǫǣǰ ǯǰǞǩ ǢǬǯǰǱǭǣǫ ǬǨǬǩǬ5 Ǫǩǫ ǱǨǮǞǦǫǯǨǦǳ ǯǣǪǣǧ Ǡ 138 ǡǬǮǬǢǞǳ,

Ǧǥ ǨǬǰǬǮȴǳ ǭǬȰǰǦ ǭǬǩǬǠǦǫǞ – ǡǬǮǬǢǞǯ ǫǞǯǣǩǣǫǦǣǪ Ǭǰ 15 ǰȴǯ. ǢǬ 50 ǰȴǯ.

ǈǬǩǦȰǣǯǰǠǬ ǭǬǩȵǥǬǠǞǰǣǩǣǧ ǱǯǩǱǡǦ Ǡ

2011 ǡǬǢǱ ǠȴǮǬǯǩǬ ǯ 200 ǰȴǯ. ǢǬ 397 ǰȴǯ.

ƿǬǩǣǣ ȰǣǪ Ǡ ǢǠǞ ǮǞǥǞ ǱǠǣǩǦȰǦǩǬǯȵ

ǨǬǩǦȰǣǯǰǠǬ ǪǫǬǡǬǨǠǞǮǰǦǮǫȴǳ ǢǬǪǬǠ,

ǭǬǢǨǩȷȰǣǫǫȴǳ Ǩ ǪǞǡǦǯǰǮǞǩȵǫǬǧ ǯǣǰǦ

ǖǍǂ – ǯ 21 ǰȴǯ. Ǡ 2010 ǡǬǢǱ ǢǬ 46 ǰȴǯ.

Ǡ 2011 ǡǬǢǱ. ǂǬǳǬǢȴ «ǈǦǣǠǯǰǞǮ» Ǭǰ ȱǦ-

ǮǬǨǬǭǬǩǬǯǫǬǡǬ ǦǫǰǣǮǫǣǰǞ ǠȴǮǬǯǩǦ ǫǞ

77% – ǢǬ 158 Ǫǩǫ ǡǮǫ.

ǀ 2011 ǡǬǢǱ ǭǬ ǢǞǫǫȴǪ ǞǫǞǩǦǰǦǨǬǠ*

Ǡǣǯȵ ǮȴǫǬǨ ȱǦǮǬǨǬǭǬǩǬǯǫǬǡǬ ǦǫǰǣǮ-

ǫǣǰǞ ǑǨǮǞǦǫȴ ǠȴǮǬǯ ǫǞ 33%. ǀ ǰǬ Ǥǣ

ǠǮǣǪȸ ǨǬǩǦȰǣǯǰǠǬ ǭǬǩȵǥǬǠǞǰǣǩǣǧ

«ǂǬǪǞȱǫǣǡǬ ǆǫǰǣǮǫǣǰǞ» Ǭǰ «ǈǦǣǠ-

ǯǰǞǮ» ǠȴǮǬǯǩǬ ǫǞ 99%. ǛǰǬ ǭǬǨǞǥȴ-

ǠǞǣǰ, ȰǰǬ ǰǣǪǭȴ ǮǬǯǰǞ ǞǟǬǫǣǫǰǯǨǬǧ

ǟǞǥȴ «ǂǬǪǞȱǫǣǡǬ ǆǫǰǣǮǫǣǰǞ» ǬǭǣǮǣ-

ǤǞȷǰ ǰǣǪǭȴ ǮǬǯǰǞ ǮȴǫǨǞ Ǡ ǰǮǦ ǮǞǥǞ.

ǀ 2011 ǡǬǢǱ Ǣǩȸ ǨǩǦǣǫǰǬǠ «ǂǬǪǞȱ-

ǫǣǡǬ ǆǫǰǣǮǫǣǰǞ» ǟȴǩǦ ǠǫǣǢǮǣǫȴ

ǱǫǦǨǞǩȵǫȴǣ ǨǬǫǠǣǮǡǣǫǰǫȴǣ ǰǞǮǦǲȴ.

ǍǬǩȵǥǬǠǞǰǣǩǦ ǱǯǩǱǡǦ ǭǬǩǱȰǞȷǰ ǟǬ-

ǫǱǯȴ Ǡ ǮǞǥǪǣǮǣ ǱǭǩǞȰǣǫǫǬǧ ǣǤǣǪǣ-

ǯȸȰǫǬǧ ǞǟǬǫǭǩǞǰȴ, ǨǬǰǬǮȴǣ ǪǬǤǫǬ

ǭǣǮǣǠǬǢǦǰȵ ǫǞ ǫǬǪǣǮǞ «ǈǦǣǠǯǰǞǮ»

ǦǩǦ djuice, ǦǯǭǬǩȵǥǱȸ Ǣǩȸ ǬǭǩǞǰȴ Ǳǯ-ǩǱǡ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ.

ǋǪǧȳǣǪǞǜǮǡǧǤ

ǀǪǨǜ, ǫǪǠǦǧȵȮǡǩǩȲǡ

Ǧ ǨǜǟǤǭǮǬǜǧȳǩǪǥ ǭǡǮǤ ǔǋǀ

397ǰȴǯ.

46ǰȴǯ.

200ǰȴǯ.

21ǰȴǯ.

* iks-Consulting


ǔǣǫǰǮȴ ǬǟǯǩǱǤǦǠǞǫǦȸ ǞǟǬǫǣǫǰǬǠ Ǧ ǰǬȰǨǦ ǭǮǬǢǞǤ ǱǯǩǱǡ «ǈǦǣǠǯǰǞǮ»ǀ 2011 ǡǬǢǱ Ǣǩȸ ǣȲǣ ǟǬǩǣǣ ǨǞȰǣǯǰǠǣǫǫǬǡǬ ǭǮǣǢǬǯǰǞǠ-

ǩǣǫǦȸ ǱǯǩǱǡ ǨǩǦǣǫǰǞǪ «ǈǦǣǠǯǰǞǮ» ǱǠǣǩǦȰǦǩ ǨǬǩǦȰǣ-

ǯǰǠǬ ȯǣǫǰǮǬǠ ǬǟǯǩǱǤǦǠǞǫǦȸ ǞǟǬǫǣǫǰǬǠ – ǯ 215 ǢǬ 229.

ǍǬ ǦǰǬǡǞǪ 2011 ǡǬǢǞ ǞǟǬǫǣǫǰǞǪ «ǈǦǣǠǯǰǞǮ» ǭǬ Ǡǯǣǧ

ǑǨǮǞǦǫǣ ǟȴǩǦ ǢǬǯǰǱǭǫȴ 470 ȶǨǯǨǩȷǥǦǠǫȴǳ ǰǬȰǣǨ ǠǥǞ-

ǦǪǬǢǣǧǯǰǠǦȸ ǯ ǨǩǦǣǫǰǞǪǦ, Ǡ ǰǬǪ ȰǦǯǩǣ 229 ǔǌƾ «ǈǦ-

ǣǠǯǰǞǮ», ǨǬǰǬǮȴǣ ǬǟǣǯǭǣȰǦǠǞȷǰ ǭǬǩǫȴǧ ǯǭǣǨǰǮ ǱǯǩǱǡ ǞǟǬǫǣǫǰǯǨǬǡǬ ǬǟǯǩǱǤǦǠǞǫǦȸ.

ǈǮǬǪǣ ǰǬǡǬ ǭǬ Ǡǯǣǧ ǑǨǮǞǦǫǣ ǞǟǬǫǣǫǰǞǪ ǢǬǯǰǱǭǫȴ ǟǬ-

ǩǣǣ 60 ǰȴǯ. ǮǬǥǫǦȰǫȴǳ ǰǬȰǣǨ, ǡǢǣ ǬǫǦ ǪǬǡǱǰ ǭǮǦǬǟ-

ǮǣǯǰǦ ǯǰǞǮǰǬǠȴǣ ǭǞǨǣǰȴ Ǧ ǯǨǮǣǰȰ-ǨǞǮǰȴ ǭǬǭǬǩǫǣǫǦȸ

ǯȰǣǰǞ «ǈǦǣǠǯǰǞǮ», Ǧ 55 ǰȴǯ. ǭǱǫǨǰǬǠ ȶǩǣǨǰǮǬǫǫǬǡǬ ǭǬ-

ǭǬǩǫǣǫǦȸ (ǰǣǮǪǦǫǞǩȴ, ǟǞǫǨǦ, ǞǠǰǬǪǞǰȴ).


ǌǟȳǣǢǦǫǣǫǦǣ ǨǬǪǞǫǢ Ǡ ǟǦǥǫǣǯ-ǭǬǢǮǞǥǢǣǩǣǫǦǦ ǭǬǥǠǬǩǦǩǬ

ǫǞǪ ǯǢǣǩǞǰȵ ǭǮǦǫȯǦǭǦǞǩȵǫȴǧ

ǮȴǠǬǨ Ǧ ǯǰǞǰȵ ǩǦǢǦǮǱȷȲǦǪ

ǪǱǩȵǰǦǯǣǮǠǦǯǫȴǪ ǬǭǣǮǞǰǬǮǬǪǢǩȸ ǨǬǮǭǬǮǞǰǦǠǫȴǳ ǨǩǦǣǫǰǬǠ

ОE]IHLPIPPDb MQODPHDODSMIULPGD RQ SDKFLULa ELKPITD

PD MQSRQSDULFPQO S^PMI


ƼǩǠǬǡǥ ǈǤǧǤǩǡǞǭǦǤǥ,

HLSIMUQS RQ SDKFLULa ELKPITD

PD MQSRQSDULFPQO S^PMI


ǇǤǩǤǤ ǫǡǬǡǠǜȮ ǠǜǩǩȲǱ,

MQN-FQ

Data Ǥ Internet-ǫǪǬǮȲ,

MQN-FQ

«ǈǦǣǠǯǰǞǮ» – ǩǦǢǣǮ ǟǦǥǫǣǯ-ǭǬǢǨǩȷȰǣǫǦǧ ǏǞǟǟǮǣǫǢ «ǈǦǣǠǯǰǞǮ ƿǦǥǫǣǯ» Ǡ 2011

ǡǬǢǱ ǯǰǞǩ ǩǦǢǣǮǬǪ ǯǮǣǢǦ ǟǦǥǫǣǯ-ǭǬǢ-

ǨǩȷȰǣǫǦǧ – ǟǬǩǣǣ 50% ǮȴǫǨǞ, Ǧ ǭǬ-

ǭǮǣǤǫǣǪǱ ǱǠǣǮǣǫǫǬ ǥǞǫǦǪǞǣǰ ǭǬǥǦ-

ȯǦȷ ȃ 1 ǫǞ ǮȴǫǨǣ ǰǣǩǣǨǬǪ ǱǯǩǱǡ Ǣǩȸ

ǟǦǥǫǣǯ-ǨǩǦǣǫǰǬǠ.

ǀ 2011 ǡǬǢǱ, ǭǬǯǩǣ ǦǫǰǣǡǮǞȯǦǦ ǯǣǰǣǧ

Ǧ ǨǬǪǞǫǢ, ǬǟȳǣǢǦǫǣǫǫȴǧ «ǈǦǣǠǯǰǞǮ»

ǯǰǞǩ ǢǣǧǯǰǠǦǰǣǩȵǫǬ ǪǱǩȵǰǦǯǣǮǠǦǯ-ǫȴǪ ǬǭǣǮǞǰǬǮǬǪ, ǭǮǣǢǩǬǤǦǠ ǯǠǬǦǪ

ǞǟǬǫǣǫǰǞǪ, Ǡ ǰǬǪ ȰǦǯǩǣ ǟǦǥǫǣǯ-ǨǩǦ-

ǣǫǰǞǪ, ȯǣǩȴǧ ǯǭǣǨǰǮ ǫǬǠȴǳ ǲǦǨǯǦ-

ǮǬǠǞǫǫȴǳ ǱǯǩǱǡ. ǛǰǬ ǬǯǬǟǣǫǫǬ ȸǮǨǬ

ǭǮǬȸǠǦǩǬǯȵ Ǡ ǯǣǡǪǣǫǰǣ ǨǮǱǭǫȴǳ ǭǮǣǢǭǮǦȸǰǦǧ – ǥǢǣǯȵ ǞǯǯǬǮǰǦǪǣǫǰ ǭǮǣǢǬǯǰǞǠǩȸǣǪȴǳ ǱǯǩǱǡ Ǧ ǮǣǞǩǦǥǱǣ-

Ǫȴǳ ǰǣǳǫǬǩǬǡǦǧ ǫǞǦǟǬǩǣǣ ȱǦǮǬǨ.

ǀ 2011 ǡǬǢǱ Ǡ «ǈǦǣǠǯǰǞǮ ƿǦǥǫǣǯ»

(ǯǣǡǪǣǫǰ ǨǮǱǭǫȴǳ ǭǮǣǢǭǮǦȸǰǦǧ Ǧ ǯǣǡ-Ǫǣǫǰ ǪǞǩȴǳ Ǧ ǯǮǣǢǫǦǳ ǭǮǣǢǭǮǦȸǰǦǧ)

ǟȴǩǞ ǯǬǥǢǞǫǞ ǫǬǠǞȸ ǬǟȳǣǢǦǫǣǫǫǞȸ

ǨǬǪǞǫǢǞ ǭǮǬǢǞǠȯǬǠ, ǫǞǭǮǞǠǩǣǫǫǞȸ

ǫǞ ǭǮǬǢǞǤǱ ǦǫǰǣǡǮǦǮǬǠǞǫǫȴǳ ǯǣǮ-

ǠǦǯǬǠ ǟǦǥǫǣǯ-ǨǩǦǣǫǰǞǪ. ǈǮǬǪǣ ǰǬǡǬ,

ǯǰǞǮǰǬǠǞǩǞ Ǧ ǮǣǞǩǦǥǱǣǰǯȸ ǯǰǮǱǨǰǱǮ-

ǫǞȸ ǮǣǲǬǮǪǞ sales-force, ǭǮǦǥǠǞǫǫǞȸ

ǯǢǣǩǞǰȵ ǮǞǟǬǰǱ ȶǰǬǧ ǨǬǪǞǫǢȴ ǪǞǨǯǦ-

ǪǞǩȵǫǬ ȶǲǲǣǨǰǦǠǫǬǧ. ƿǩǞǡǬǢǞǮȸ Ǧǫ-

ǰǣǡǮǞȯǦǦ ǞǟǬǫǣǫǰǯǨǦǳ ǟǞǥ «ǈǦǣǠǯǰǞǮ

ƿǦǥǫǣǯ» Ǧ «ǁǬǩǢǣǫ ǐǣǩǣǨǬǪ», Ǟ ǰǞǨǤǣ

ǨǬǪǞǫǢ ǭǮǬǢǞǠȯǬǠ ǢǠǱǳ ǬǭǣǮǞǰǬǮǬǠ,

ǢǬǯǰǦǡǫǱǰ ǠȴǯǬǨǦǧ ǱǮǬǠǣǫȵ ǨǮǬǯǯ-ǭǮǬǢǞǤ ǯǣǮǠǦǯǬǠ: ǲǦǨǯǦǮǬǠǞǫǫȴǳ –

ǞǟǬǫǣǫǰǞǪ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ, Ǟ ǪǬ-

ǟǦǩȵǫȴǳ – ǞǟǬǫǣǫǰǞǪ ǲǦǨǯǦǮǬǠǞǫǫǬǧ

ǯǠȸǥǦ.

ǌ ǫǬǠǬǪ ǨǞȰǣǯǰǠǣ «ǈǦǣǠǯǰǞǮ ƿǦǥǫǣǯ»

Ǧ ǫǬǠȴǳ ǠǬǥǪǬǤǫǬǯǰȸǳ, ǬǰǨǮȴǠǞȷ-

ȲǦǳǯȸ Ǡ ǯǠȸǥǦ ǯ ȶǰǦǪ, ǨǩǦǣǫǰȴ ǟȴǩǦ

ǭǮǬǦǫǲǬǮǪǦǮǬǠǞǫȴ Ǡ ǳǬǢǣ ǦǫǲǬǮǪǞ-

ȯǦǬǫǫǬ-ǦǪǦǢǤǣǠǬǧ ǨǞǪǭǞǫǦǦ «ǑǫǦ-

ǠǣǮǯǞǩȵǫȴǧ ǬǭǣǮǞǰǬǮ», ǮǞǯǯȰǦǰǞǫ-

ǫǬǧ ǨǞǨ ǫǞ ǯǱȲǣǯǰǠǱȷȲǦǳ, ǰǞǨ Ǧ ǫǞ

ǭǬǰǣǫȯǦǞǩȵǫȴǳ ǨǩǦǣǫǰǬǠ.

ǏǣǡǪǣǫǰ ǨǮǱǭǫȴǳ ǭǮǣǢǭǮǦȸǰǦǧǀ 2011 ǡǬǢǱ Ǡ ǯǣǡǪǣǫǰǣ ǨǮǱǭǫȴǳ ǭǮǣǢǭǮǦȸǰǦǧ ǞǟǬǫǣǫǰǯǨǞȸ ǟǞǥǞ ǭǬ

ǯǮǞǠǫǣǫǦȷ ǯ 2010 ǡǬǢǬǪ ǠǬǥǮǬǯǩǞ

ǫǞ 9% ǢǬ 981 081 ǭǬǩȵǥǬǠǞǰǣǩǣǧ.

ǍǮǦ ȶǰǬǪ ǬǟȲǦǧ ǢǬǳǬǢ ǠǬǥǮǬǯ ǭǬȰ-

ǰǦ ǫǞ 7% Ǧ ǯǬǯǰǞǠǦǩ 1 411 Ǫǩǫ ǡǮǫ,

Ǡ ǰǬǪ ȰǦǯǩǣ ǢǬǳǬǢ Ǭǰ ǪǬǟǦǩȵǫȴǳ Ǳǯ-ǩǱǡ ǠǬǥǮǬǯ ǢǬ 1 133 Ǫǩǫ, Ǟ Ǭǰ ǲǦǨ-

ǯǦǮǬǠǞǫǫǬǧ ǯǠȸǥǦ ǢǬ 277 Ǫǩǫ ǡǮǫ.

ǀ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ-ƿǦǥǫǣǯ» ǱǠǣ-

ǩǦȰǦǩ ǨǬǩǦȰǣǯǰǠǬ ǩǦǫǦǧ ǲǦǨǯǦǮǬ-

ǠǞǫǫǬǧ ǰǣǩǣǲǬǫǦǦ ǫǞ 15% ǢǬ 77 372,

Ǟ ǨǬǩǦȰǣǯǰǠǬ Data Ǧ Internet-ǭǬǮǰǬǠ

ǠǬǥǮǬǯǩǬ ǫǞ 27% – ǢǬ 7998.

ǀ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ ƿǦǥǫǣǯ» ǥǞ-

ǨǩȷȰǦǩ ǢǬǡǬǠǬǮȴ Ǭ ǯǬǰǮǱǢǫǦȰǣǯǰǠǣ

ǯ ǯǬǟǯǰǠǣǫǫǦǨǞǪǦ ǟǬǩǣǣ 30 ǬǟȳǣǨ-

ǰǬǠ ǨǬǪǪǣǮȰǣǯǨǬǧ ǫǣǢǠǦǤǦǪǬǯǰǦǠ ǈǦǣǠǣ.

ǌǭǣǮǞǰǬǮ ǱǤǣ ǭǬǯǰǮǬǦǩ ǬǭǰǦȰǣǯǨǦǣ

ǩǦǫǦǦ ǯǠȸǥǦ ǟǬǩǣǣ ȰǣǪ Ǡ 90% ǟǦǥǫǣǯ-ȯǣǫǰǮǬǠ ǑǨǮǞǦǫȴ ǨǩǞǯǯǞ ƾ Ǧ ǀ.

«ǈǦǣǠǯǰǞǮ ƿǦǥǫǣǯ» – ǭǮǬǠǞǧǢǣǮ ǨǬǪ-

ǭǩǣǨǯǫȴǳ ǭǮǬǣǨǰǬǠ ǭǬ ǬǟǣǯǭǣȰǣǫǦȷ

ǱǯǩǱǡǞǪǦ ǲǦǨǯǦǮǬǠǞǫǫǬǧ Ǧ ǪǬǟǦǩȵ-

ǫǬǧ ǯǠȸǥǦ Ǡ ǬǟȳǣǨǰǞǳ ǨǬǪǪǣǮȰǣǯǨǬǧ

ǫǣǢǠǦǤǦǪǬǯǰǦ Ǧ ȸǠǩȸǣǰǯȸ ǬǯǫǬǠǫȴǪ

ǰǣǩǣǨǬǪ-ǭǞǮǰǫǣǮǬǪ Ǡ ȶǰǬǪ ǯǣǡǪǣǫǰǣ

ǟǦǥǫǣǯǞ.

ƼǝǪǩǡǩǮǭǦǜȶ ǝǜǣǜǫǪǧȳǣǪǞǜǮǡǧǡǥ

2010

2011

900 074

981 081

2010

2011

67 280

77 372

2010

2011

6 298

7 998


ǊǣǤǬǭǣǮǞǰǬǮǯǨǦǧ ǟǦǥǫǣǯǊǣǤǬǭǣǮǞǰǬǮǯǨǦǧ ǟǦǥǫǣǯ (ǰǮǞǫǥǦǰ ǡǬǩǬǯǬǠǬǡǬ ǰǮǞǲǦǨǞ Ǧ ǱǯǩǱǡǦ ǭǣǮǣǢǞ-

ȰǦ ǢǞǫǫȴǳ) – ǭǣǮǯǭǣǨǰǦǠǫǬǣ ǫǞǭǮǞǠ-

ǩǣǫǦǣ ǰǣǩǣǨǬǪ ǨǬǪǭǞǫǦǧ ǑǨǮǞǦǫȴ.

ǎǬǯǰ ǢǬǳǬǢǬǠ «ǈǦǣǠǯǰǞǮ» Ǡ ȶǰǬǧ ȰǞǯǰǦ

ǟǦǥǫǣǯǞ Ǡ 2011 ǡǬǢǱ ǭǬ ǯǮǞǠǫǣǫǦȷǯ 2010 ǡǬǢǬǪ ǯǬǯǰǞǠǦǩ 26%.

ǏǱȲǣǯǰǠǣǫǫǬǧ ȰǞǯǰȵȷ ǮȴǫǨǞ ǪǣǤ-

ǬǭǣǮǞǰǬǮǯǨǬǡǬ ǟǦǥǫǣǯǞ ȸǠǩȸǣǰǯȸ

ǭǣǮǣǢǞȰǞ ǢǞǫǫȴǳ, Ǧ ǑǨǮǞǦǫǞ Ǡ ȶǰǬǪ

ǬǰǫǬȱǣǫǦǦ ǯǰǞǫǬǠǦǰǯȸ Ǡǯǣ ǟǬǩǣǣ

ǦǫǰǣǮǣǯǫǬǧ Ǣǩȸ ǥǞǮǱǟǣǤǫȴǳ ǭǞǮǰǫǣ-

ǮǬǠ. ǀ ǫǞǯǰǬȸȲǣǣ ǠǮǣǪȸ ǯǱȲǣǯǰǠǣǫ-

ǫǞȸ ȰǞǯǰȵ ǰǮǞǲǦǨǞ ǭǣǮǣǢǞȰǦ ǢǞǫǫȴǳ ǪǣǤǢǱ ǃǠǮǬǭǬǧ Ǧ ƾǥǦǣǧ ǭǮǬǳǬǢǦǰ ǭǬ

ǭǬǢǠǬǢǫȴǪ ǪǬǮǯǨǦǪ ǨǞǟǣǩȵǫȴǪ ǯǦ-

ǯǰǣǪǞǪ. ǋǬ ȶǨǯǭǩǱǞǰǞȯǦȸ ǰǞǨǦǳ ǯǣǰǣǧ

ǥǞǰǮǱǢǫǣǫǞ. ǀ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ»

ǭǮǣǢǩǬǤǦǩ ǮȴǫǨǱ ǰǮǞǫǥǦǰ ǪǣǤǢǱ-

ǫǞǮǬǢǫǬǡǬ ǰǮǞǲǦǨǞ ǞǩȵǰǣǮǫǞǰǦǠǫȴǪ

ǯǱǳǬǭǱǰǫȴǪ ǪǞǮȱǮǱǰǬǪ ȰǣǮǣǥ ǑǨǮǞ-

ǦǫǱ, ǬǟǯǩǱǤǦǠǞǫǦǣ ǨǬǰǬǮǬǡǬ ǦǪǣǣǰ ȸǠǫȴǣ ǭǮǣǦǪǱȲǣǯǰǠǞ.

ǈ ǨǬǫȯǱ 2011 ǡǬǢǞ «ǈǦǣǠǯǰǞǮ» ǥǞ-

ǠǣǮȱǦǩ ǭǣǮǠȴǧ ȶǰǞǭ ǭǮǬǣǨǰǞ «ǑǨǮǞǦ-

ǫǞ-ǰǮǞǫǥǦǰ» – ǭǬǯǰǮǬǣǫǦǣ «ǜǤǫǬǡǬ»

ǪǞǮȱǮǱǰǞ Ǣǩȸ ǬǟǪǣǫǞ ǰǮǞǲǦǨǬǪ ǪǣǤ-

ǢǱ ǯǰǮǞǫǞǪǦ ǃǠǮǬǭȴ Ǧ Ǐǋǁ. ǀǬǩǬǨǬǫǫǬ-

ǬǭǰǦȰǣǯǨǞȸ ǪǞǡǦǯǰǮǞǩȵ «ǈǦǣǠǯǰǞǮ»,

ǬǟȲǣǧ ǭǮǬǰȸǤǣǫǫǬǯǰȵȷ ǟǬǩǣǣ 20 ǰȴǯ.

ǨǦǩǬǪǣǰǮǬǠ, ǦǪǣǣǰ ǭǮȸǪȴǣ ǯǬǣǢǦǫǣ-

ǫǦȸ ǯ ǰǣǩǣǨǬǪǪǱǫǦǨǞȯǦǬǫǫȴǪǦ ǯǣǰȸǪǦ

ǎǬǯǯǦǦ, ǀǣǫǡǮǦǦ, ƿǣǩǞǮǱǯǦ, ǊǬǩǢǬǠȴ,

ǏǩǬǠǞǨǦǦ, ǍǬǩȵȱǦ Ǧ ǎǱǪȴǫǦǦ. ǌǟȲǞȸ

ǭǮǬǭǱǯǨǫǞȸ ǯǭǬǯǬǟǫǬǯǰȵ ǠǫǣȱǫǦǳ ǨǞ-

ǫǞǩǬǠ ǯǣǰǦ – ǟǬǩǣǣ 180 ǁǟǦǰ/ǯ.

SMEǀ ǯǣǡǪǣǫǰǣ ǪǞǩȴǳ Ǧ ǯǮǣǢǫǦǳ ǭǮǣǢ-

ǭǮǦȸǰǦǧ Ǡ 2011 ǡǬǢǱ ǟȴǩǞ ǥǞǭǱȲǣǫǞ

ǩǦǫǣǧǨǞ ǫǬǠȴǳ ǰǞǮǦǲǬǠ, Ǡ ǰǬǪ ȰǦǯǩǣ

ǱǫǦǨǞǩȵǫȴǧ ǰǞǮǦǲ-ǨǬǫǯǰǮǱǨǰǬǮ «ǋǣ-

ǬǡǮǞǫǦȰǣǫǫȴǧ ǉǣǡǨǦǧ +» ǯ ǬǭǰǦǪǞǩȵ-

ǫȴǪ ǫǞǟǬǮǬǪ ǭǞǨǣǰǬǠ, ǨǬǰǬǮȴǧ ǭǬǥǠǬ-

ǩȸǣǰ ǞǟǬǫǣǫǰǱ ǫǞǯǰǮǬǦǰȵ ǰǞǮǦǲ ǭǬǢ

ǯǬǟǯǰǠǣǫǫȴǣ ǭǬǰǮǣǟǫǬǯǰǦ. ǂǞǫǫȴǧ ǰǞ-

ǮǦǲ ǯǰǞǩ ȰǮǣǥǠȴȰǞǧǫǬ ǭǬǭǱǩȸǮǫȴǪ –

ǫǞ ǫǣǡǬ ǭǬǢǨǩȷȰǦǩǬǯȵ ǦǩǦ ǭǣǮǣȱǩǬ

ǭǬǮȸǢǨǞ 30% ǞǟǬǫǣǫǰǬǠ, ǬǟǯǩǱǤǦǠǞǣ-

Ǫȴǳ ǫǞ ǟǣǥǩǦǪǦǰǫȴǳ ǰǞǮǦǲǫȴǳ ǭǩǞǫǞǳ.

ǐǞǨǤǣ ǟǦǥǫǣǯ-ǨǩǦǣǫǰǞǪ ǪǞǩȴǳ Ǧ ǯǮǣǢ-

ǫǦǳ ǭǮǣǢǭǮǦȸǰǦǧ ǟȴǩ ǭǮǣǢǩǬǤǣǫ ǮȸǢ

ǭǬǩǣǥǫȴǳ ǱǯǩǱǡ, ǯǮǣǢǦ ǨǬǰǬǮȴǳ ǣǯǰȵ

ǫǣǯǨǬǩȵǨǬ ǱǫǦǨǞǩȵǫȴǳ ǫǞ ǮȴǫǨǣ. ǋǞ-

ǭǮǦǪǣǮ, ǱǯǩǱǡǞ ǪǦǨǮǬǨǮǣǢǦǰǬǠǞǫǦȸ,

ǨǬǰǬǮǞȸ ǢǞǣǰ ǠǬǥǪǬǤǫǬǯǰȵ ǞǟǬǫǣǫǰǱ

ǬǯǰǞǠǞǰȵǯȸ ǫǞ ǯǠȸǥǦ, ǢǞǤǣ ǨǬǡǢǞ Ǭǫ ǫǣ

Ǳǯǭǣǩ ǠǬǠǮǣǪȸ ǭǬǭǬǩǫǦǰȵ ǯȰǣǰ. ǐǞǨǤǣ

ǱǯǩǱǡǞ ǢǬǯǰǞǠǨǦ ǯǰǞǮǰǬǠȴǳ ǭǞǨǣǰǬǠ

ǯǠȸǥǦ Ǡ ǬǲǦǯȴ, ǟǩǞǡǬǢǞǮȸ ǨǬǰǬǮǬǧ Ǳ

ǨǩǦǣǫǰǬǠ ǭǬȸǠǦǩǞǯȵ ǠǬǥǪǬǤǫǬǯǰȵ ǭǬǢ-

ǨǩȷȰǞǰȵ ǫǬǠȴǳ ǞǟǬǫǣǫǰǬǠ, ǫǣ ǠȴǳǬǢȸ

Ǧǥ ǬǲǦǯǞ. ǌȰǣǫȵ ǠǬǯǰǮǣǟǬǠǞǫǫǬǧ Ǯȴǫ-

ǨǬǪ (50% ǞǟǬǫǣǫǰǬǠ ǢǞǫǫǬǡǬ ǯǣǡǪǣǫ-

ǰǞ) ǬǨǞǥǞǩǞǯȵ ǱǯǩǱǡǞ ǯǞǪǬǯǰǬȸǰǣǩȵ-

ǫǬǡǬ ǱǭǮǞǠǩǣǫǦȸ ǯǣǮǠǦǯǞǪǦ, Ǡ ǮǞǪǨǞǳ ǨǬǰǬǮǬǧ ǨǬǬǮǢǦǫǞǰǬǮ ǢǣǩǣǡǦǮǱǣǰ ǱǭǮǞǠǩǣǫǦǣ ǫǬǪǣǮǬǪ ǞǟǬǫǣǫǰǱ, ȰǰǬ ǭǬ-

ǥǠǬǩȸǣǰ ȶǨǬǫǬǪǦǰȵ ǠǮǣǪȸ Ǧ ǱǭǮǬȲǞǣǰ ǭǬǢǨǩȷȰǣǫǦǣ ǫǣǬǟǳǬǢǦǪȴǳ ǱǯǩǱǡ.

ǀ 2011 ǡǬǢǱ ǟǬǩȵȱǬǣ ǠǫǦǪǞǫǦǣ «ǈǦǣǠ-

ǯǰǞǮ ƿǦǥǫǣǯ» ǱǢǣǩǦǩ ǮǞǥǠǦǰǦȷ ǦǫǰǣǮ-

ǫǣǰ-ǭǮǣǢǩǬǤǣǫǦǧ Ǣǩȸ ǨǩǦǣǫǰǬǠ ǪǞǩȴǳ Ǧ ǯǮǣǢǫǦǳ ǭǮǣǢǭǮǦȸǰǦǧ: ǟȴǩ ǭǮǣǢǩǬ-

Ǥǣǫ ǮȸǢ ǦǫǰǣǮǫǣǰ-ǭǞǨǣǰǬǠ, ǯǫǦǤǣǫǞ

ǞǟǬǫǭǩǞǰǞ Ǣǩȸ ǠȴǯǬǨǬǯǨǬǮǬǯǰǫǬǡǬ

ǲǦǨǯǦǮǬǠǞǫǫǬǡǬ ǦǫǰǣǮǫǣǰǞ, Ǟ ǰǞǨǤǣ

ǥǞǭǱȲǣǫǞ ǞǨȯǦȸ – «ǆǫǰǣǮǫǣǰ-ǬǲǦǯǥǞ 1 ǡǮǫ». ǀ ȯǣǩǬǪ Ǭǰ Ǡǯǣǳ ǫǬǠȴǳ ǭǬǢ-

ǨǩȷȰǣǫǦǧ Ǩ ǠȴǯǬǨǬǯǨǬǮǬǯǰǫǬǪǱ ǲǦǨ-

ǯǦǮǬǠǞǫǫǬǪǱ ǦǫǰǣǮǫǣǰǱ Ǡ ǯǣǡǪǣǫǰǣ

ǯǮǣǢǫǦǳ Ǧ ǪǞǩȴǳ ǭǮǣǢǭǮǦȸǰǦǧ 83%

ǭǮǦȱǩǦǯȵ ǫǞ ǢǬǩȷ ǞǨȯǦǦ «ǆǫǰǣǮǫǣǰ-ǬǲǦǯ ǥǞ 1 ǡǮǫ».

ǀ 2011 ǡǬǢǱ ȰǦǯǩǬ ǨǩǦǣǫǰǬǠ ǯǣǡǪǣǫǰǞ

ǪǞǩȴǳ Ǧ ǯǮǣǢǫǦǳ ǭǮǣǢǭǮǦȸǰǦǧ ǱǠǣǩǦ-

ȰǦǩǬǯȵ ǫǞ 1,6% ǢǬ 70 772 ǌǈǍǌ, ǭǮǦ

ȶǰǬǪ ǨǬǩǦȰǣǯǰǠǬ ǩǦǫǦǧ Ǧ ǦǫǰǣǮǫǣǰ-ǭǬǮǰǬǠ Ǣǩȸ ǭǬǩȵǥǬǠǞǰǣǩǣǧ ǯǣǡǪǣǫǰǞ

ǠǬǥǮǬǯǩǬ ǢǬ 10 542.

ǍǡǮȳ «ǆǤǡǞǭǮǜǬ» –

ǜǧȳǮǡǬǩǜǮǤǞǩȲǥ

ǫǯǮȳ ǫǬǪǫǯǭǦǜ

ǮǬǜǰǤǦǜ ǨǡǢǠǯ

ǁǞǬǪǫǪǥ Ǥ

ǭǮǬǜǩǜǨǤ Ǎǉƿ

ǈǡǢǪǫǡǬǜǮǪǬǭǦǤǥ ǝǤǣǩǡǭ

«ǆǤǡǞǭǮǜǬ» – ȴǮǪ:

TF^[I 40 OIJHVPDSQHP^X

LPUISMQPPIMUQF

EQNII 100 PDYLQPDN_P^X

LPUISMQPPIMUQF (FMNaZDb FTI

OQELN_PÎ TIUL)

LTXQHb¥L確 OIJHVPDSQHP^確

USDWLM: EQNII 50 ONP OLPVU

F OITbY , LK MQUQSQGQ 60%

F РQTTLa

FXQHb¥L確 OIJHVPDSQHP^確

USDWLM: EQNII 80 ONP OLPVU

F OITbY

GQNQTQFQ確 USDPKLUP^確 USD-

WLM (PDYLQPDN_P^確 L OIJHV-

PDSQHP^確) – EQNII 30 ONP

OLPVU F OITbY

ƼǧǡǦǭǡǥ ǆǤǬǡǡǞ,

HLSIMUQS RQ SDKFLULaRSQHVMUQF L PQFQOV ELKPITV

ǒǬǨǱǯ ǨǬǪǞǫǢȴ ǫǬǠȴǳ ǭǮǬǢǱǨǰǬǠǠ 2011 ǡǬǢǱ – ǠȴǠǬǢ ǫǞ ǮȴǫǬǨ

ǫǬǠȴǳ ǯǪǞǮǰǲǬǫǬǠ «ǈǦǣǠǯǰǞǮ»

ОE]IHLPIPPDb MQODPHD

ODSMIULPGD RQ SDKFLULa

RSQHVMUQF L PQFQGQ ELKPITD


ǅǞǭǱǯǨ ǯǪǞǮǰǲǬǫǬǠ «ǈǦǣǠǯǰǞǮ»Ǧ ǮǬǯǰ ǪǱǩȵǰǦ-ǪǣǢǦǧǫǬǡǬ ǨǬǫǰǣǫǰǞ

ǆǫǰǣǮǫǣǰ-ǱǯǰǮǬǧǯǰǠǞǀ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǞǨǰǦǠǫǬ ǮǞǥ-

ǠǦǠǞǩ ǦǫǫǬǠǞȯǦǬǫǫȴǣ ǭǮǬǢǱǨǰȴ Ǣǩȸ

ǪǬǟǦǩȵǫǬǡǬ Ǧ ǲǦǨǯǦǮǬǠǞǫǫǬǡǬ ǦǫǰǣǮ-

ǫǣǰǞ. ǌǭǣǮǞǰǬǮ ǠȴǠǣǩ ǭǬǢ ǯǬǟǯǰǠǣǫ-

ǫȴǪ ǟǮǣǫǢǬǪ ǩǦǫǣǧǨǱ ǯǪǞǮǰǲǬǫǬǠ ǭǬ

ǯǞǪȴǪ ǠȴǡǬǢǫȴǪ Ǧ ǢǬǯǰǱǭǫȴǪ ȯǣǫǞǪ –

Ǭǰ 699 ǡǮǫ. ǈǩǦǣǫǰȴ, ǨǬǰǬǮȴǣ ǭǮǦǬǟ-

ǮǣǩǦ ǯǪǞǮǰǲǬǫȴ, ǭǬǩǱȰǦǩǦ ǟǣǥǩǦǪǦǰ-ǫȴǧ ǢǬǯǰǱǭ Ǡ ǦǫǰǣǮǫǣǰ ǭǬ ȯǣǫǣ ǠǯǣǡǬǥǞ 1 ǡǮǫ Ǡ ǯǱǰǨǦ – ǟǩǞǡǬǢǞǮȸ ǦǫǫǬǠǞȯǦ-

ǬǫǫǬǧ ǱǯǩǱǡǣ «ǆǫǰǣǮǫǣǰ ǟǣǥ ǡǮǞǫǦȯ».

ǐǞǨǤǣ Ǡ 2011 ǡǬǢǱ ǟȴǩǞ ǠǫǣǢǮǣǫǞ Ǳǯ-ǩǱǡǞ «ǎǬǱǰǣǮ» – Ǣǩȸ ǟǣǯǭǮǬǠǬǢǫǬǡǬ

ǭǬǢǨǩȷȰǣǫǦȸ Ǩ ǦǫǰǣǮǫǣǰǱ Ǡ ǭǮǣǢǣǩǞǳ ǢǬǪǬǳǬǥȸǧǯǰǠǞ. ǑǯǩǱǡǱ «ǎǬǱǰǣǮ» ǱǤǣ

ǭǮǦǬǟǮǣǩǬ 67 ǰȴǯȸȰ ǨǩǦǣǫǰǬǠ.

ǏǬǳǮǞǫȸǣǰǯȸ ǯǰǞǟǦǩȵǫȴǧ ǯǭǮǬǯ ǫǞ ǪǬ-

ǢǣǪȴ «ǈǦǣǠǯǰǞǮ». ǋǞ ǨǬǫǣȯ 2011 ǡǬǢǞ

ǨǬǩǦȰǣǯǰǠǬ ǮǣǞǩǦǥǬǠǞǫǫȴǳ ǪǬǢǣǪǬǠ

(ǨǬǪǭǩǣǨǰǬǠ «ǈǦǣǠǯǰǞǮ. ǊǬǟǦǩȵǫȴǧ

ǆǫǰǣǮǫǣǰ») ǢǬǯǰǦǡǩǬ 775 ǰȴǯȸȰ, Ǡ ǰǬ

ǠǮǣǪȸ ǨǞǨ ǥǞ ǭǣǮǦǬǢ 2008–2010 ǡǬǢǬǠ

Ǧǳ ǟȴǩǬ ǮǣǞǩǦǥǬǠǞǫǬ 315 ǰȴǯȸȰ.

ƽǪǧǡǡ 12 ǮȲǭȶȮ

ǜǝǪǩǡǩǮǪǞ

ǜǦǮǤǞǩȲǡ

ǫǪǧȳǣǪǞǜǮǡǧǤ

ǩǪǞǪǥ ǯǭǧǯǟǤ

«ǈǪǝǤǧȳǩȲǥ

ǫǧǜǮǡǢ»

ǊǱǩȵǰǦǪǣǢǦǧǫȴǧ ǨǬǫǰǣǫǰǀ 2011 ǡǬǢǱ ǯǞǪȴǣ ǠȴǯǬǨǦǣ ǰǣǪǭȴ ǮǬǯǰǞ

ǯǮǣǢǦ Ǡǯǣǳ ǱǯǩǱǡ ǪǱǩȵǰǦǪǣǢǦǞ ǭǬǨǞǥǞ-

ǩǬ ǫǞǭǮǞǠǩǣǫǦǣ «ǔǦǲǮǬǠǞȸ ǊǱǥȴǨǞ».

ǍǬ ǯǮǞǠǫǣǫǦȷ ǯ 2010 ǡǬǢǬǪ ǨǬǩǦȰǣǯǰǠǬ

ǭǬǩȵǥǬǠǞǰǣǩǣǧ ǭǩǞǰǫǬǡǬ ǪǱǥȴǨǞǩȵǫǬǡǬ

ǨǬǫǰǣǫǰǞ ǠȴǮǬǯǩǬ Ǡ 20 ǮǞǥ, Ǟ ǢǬǳǬǢ Ǭǰ ǭǮǬǢǞǤ ȯǦǲǮǬǠǬǧ ǪǱǥȴǨǦ Ǡ 11,5 ǮǞǥ. ǍǮǦ

ȶǰǬǪ ǥǞ ǡǬǢ ǟȴǩǬ ǥǞǡǮǱǤǣǫǬ 15 Ǫǩǫ ǪǱ-ǥȴǨǞǩȵǫȴǳ ǰǮǣǨǬǠ ǟǩǞǡǬǢǞǮȸ ǱǫǦǨǞǩȵ-

ǫǬǪǱ ǯǣǮǠǦǯǱ ǭǬǢǭǦǯǨǦ ǫǞ ȯǦǲǮǬǠǱȷ

ǪǱǥȴǨǱ, ǨǬǰǬǮǞȸ ǭǬǥǠǬǩȸǣǰ ǞǟǬǫǣǫǰǞǪ

ǭǬǩǱȰǦǰȵ ǢǬǯǰǱǭ Ǩ ǨǞǰǞǩǬǡǱ ǩǱȰȱǦǳ ǪǱ-ǥȴǨǞǩȵǫȴǳ ǳǦǰǬǠ. ǃȲǣ ǬǢǫǦǪ ǭǮǣǦǪǱȲǣ-

ǯǰǠǬǪ ǱǯǩǱǡǦ ȸǠǩȸǣǰǯȸ ǬǰǯǱǰǯǰǠǦǣ ǭǩǞǰȴ

ǥǞ ǰǮǞǲǦǨ ǭǮǦ ǭǮǬǯǪǬǰǮǣ ǨǞǰǞǩǬǡǞ Ǧ

ǥǞǡǮǱǥǨǣ ǰǮǣǨǬǠ Ǡ ǰǣǩǣǲǬǫ. ǐǞǨǤǣ Ǣǩȸ

ǠǩǞǢǣǩȵȯǣǠ Android-ǰǣǩǣǲǬǫǬǠ ǟȴǩǬ

ǮǞǥǮǞǟǬǰǞǫǬ ǭǮǦǩǬǤǣǫǦǣ Ǣǩȸ ǟȴǯǰǮǬǡǬ

Ǧ ǱǢǬǟǫǬǡǬ ǢǬǯǰǱǭǞ Ǩ ǢǞǫǫǬǧ ǱǯǩǱǡǣ.


ǉǣǰǬǪ 2011 ǡǬǢǞ «ǈǦǣǠǯǰǞǮ» ǥǞǭǱ-

ǯǰǦǩ ǱǫǦǨǞǩȵǫǱȷ Ǣǩȸ ǱǨǮǞǦǫǯǨǬǡǬ

ǮȴǫǨǞ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ ǱǯǩǱǡǱ «ǅǞ-

ǭǩǞǰǦ ǥǞ Ǫǣǫȸ». ǐǣǭǣǮȵ Ǡ ǯǩǱȰǞǣ

ǫǣǢǬǯǰǞǰǬȰǫǬǡǬ ǟǞǩǞǫǯǞ ǞǟǬǫǣǫ-

ǰȴ djuice ǪǬǡǱǰ ǯǬǠǣǮȱǞǰȵ ǥǠǬǫǨǦǥǞ ǯȰǣǰ ǠȴǥȴǠǞǣǪǬǡǬ ǞǟǬǫǣǫǰǞ. ǂǞǫ-

ǫǞȸ ǱǯǩǱǡǞ ǭǮǣǢǬǯǰǞǠǩȸǣǰǯȸ Ǡ ǞǠ-

ǰǬǪǞǰǦȰǣǯǨǬǪ ǮǣǤǦǪǣ: ǢǬǯǰǞǰǬȰǫǬ

ǩǦȱȵ ǫǞǟǮǞǰȵ ǫǬǪǣǮ ǞǟǬǫǣǫǰǞ-ǭǬǩǱ-

ȰǞǰǣǩȸ Ǧ ǫǞǤǞǰȵ ǨǫǬǭǨǱ «ǀȴǥǬǠ».

Ǐ ǯǣǫǰȸǟǮȸ 2011 ǡǬǢǞ ǫǞȱǦǪ ǞǟǬǫǣǫ-

ǰǞǪ ǟȴǩǞ ǭǮǣǢǩǬǤǣǫǞ ǫǬǠǞȸ ǱǯǩǱǡǞ

«ǊǬǟǦǩȵǫȴǧ ǭǩǞǰǣǤ», ǯ ǭǬǪǬȲȵȷ

ǨǬǰǬǮǬǧ ǨǩǦǣǫǰȴ ǪǬǡǱǰ ǭǬǭǬǩǫȸǰȵ

ǯǠǬǧ ǦǩǦ ǢǮǱǡǬǧ ǪǬǟǦǩȵǫȴǧ ǯȰǣǰ «ǈǦ-

ǣǠǯǰǞǮ» ǦǩǦ djuice, ǭǬǭǬǩǫȸǰȵ ǯȰǣǰǞ

ǢǮǱǥǣǧ, ǨǬǰǬǮȴǣ ȸǠǩȸȷǰǯȸ ǞǟǬǫǣǫ-

ǰǞǪǦ ǢǮǱǡǦǳ ǬǭǣǮǞǰǬǮǬǠ, ǬǭǩǞȰǦ-

ǠǞǰȵ ǱǯǩǱǡǱ «ǂǬǪǞȱǫǦǧ ǆǫǰǣǮǫǣǰ»,

Ǟ ǰǞǨǤǣ ǭǬǭǬǩǫȸǰȵ ǟǞǩǞǫǯ ǰǞǨǦǳ ǦǫǰǣǮǫǣǰ-ǭǮǬǠǞǧǢǣǮǬǠ, ǨǞǨ «ǀǬǩȸ»,

ǑǨǮǰǣǩǣǨǬǪ, «ǐǮǦǬǩǞǫ», ǊǐǏ-ǨǬǫǫǣǨǰ, ǬǭǩǞȰǦǠǞǰȵ ǨǬǪǪǱǫǞǩȵǫȴǣ ǱǯǩǱǡǦǦ ǭǬǭǬǩǫȸǰȵ ǯȰǣǰǞ ǫǞ ǦǫǰǣǮǫǣǰ-ǯǞǧ-

ǰǞǳ ǯ ǭǬǪǬȲȵȷ ǟǞǫǨǬǠǯǨǬǧ ǨǞǮǰȴ.

ǋǞ ǢǞǫǫȴǳ ǪǬǪǣǫǰ Ǫȴ ǦǪǣǣǪ ǱǤǣ

ǟǬǩǣǣ 12 ǰȴǯȸȰ ǞǨǰǦǠǫȴǳ ǭǬǩȵǥǬǠǞ-

ǰǣǩǣǧ ȶǰǬǧ ǱǯǩǱǡǦ Ǧ ǟǬǩǣǣ 28 ǰȴǯȸȰ

ǣǤǣǪǣǯȸȰǫȴǳ ǰǮǞǫǥǞǨȯǦǧ.

ǀ ǫǬȸǟǮǣ 2011 ǡǬǢǞ «ǈǦǣǠǯǰǞǮ» ǥǞ-

ǭǱǯǰǦǩ ǭǣǮǠȴǧ ǭǮǬǣǨǰ ǪǬǟǦǩȵǫǬǧ

ǮǣǨǩǞǪȴ – ǱǯǩǱǡǱ «ǊǬǦ ǯǨǦǢǨǦ». ǛǰǞ

ǱǯǩǱǡǞ ǭǬǥǠǬǩȸǣǰ ǠǯǣǪ ǞǟǬǫǣǫǰǞǪ

«ǈǦǣǠǯǰǞǮ» ǭǬǩǱȰǞǰȵ ǏǊǏ Ǧ ǊǊǏ-

ǯǬǬǟȲǣǫǦȸ ǯ ȶǨǯǨǩȷǥǦǠǫȴǪǦ ǯǨǦǢ-

ǨǞǪǦ Ǧ ǭǮǣǢǩǬǤǣǫǦȸǪǦ Ǭǰ ǭǞǮǰǫǣǮǬǠ

ǨǬǪǭǞǫǦǦ.

ǀ ǮǞǪǨǞǳ ǞǨȯǦǦ «ǊǱǥȴǨǞ Ǡǣǯǫȴ»

ǟǮǣǫǢǞ djuice ǭǬǩȵǥǬǠǞǰǣǩǦ Ǡ ǰǣȰǣ-

ǫǦǣ ǪǣǯȸȯǞ ǭǬǩǱȰǞǩǦ ǟǣǯǭǩǞǰǫȴǣ ǢǦ-

ǢǤǦǫǡǩȴ. ǐǞǨǤǣ ǥǞ ǢǠǞ ǪǣǯȸȯǞ ǞǨȯǦǦ

«ƿǣǯǭǩǞǰǫȴǣ ǢǦ-ǢǤǦǫǡǩȴ Ǣǩȸ Ǡǯǣǧ

ǯǣǪȵǦ» ǟȴǩǬ ǮǬǥǢǞǫǬ 4,5 Ǫǩǫ ǣǢǦ-

ǫǦȯ ǞǨȯǦǬǫǫǬǡǬ ǨǬǫǰǣǫǰǞ. ǀǬ ǠǮǣǪȸ

ǯǭǣȯǦǞǩȵǫȴǳ ǭǮǬǣǨǰǬǠ «Ǔ-ǒǞǨǰǬǮ»

Ǧ «ǁǬǩǬǯ ǨǮǞסǫǦ» ǭǬǩȵǥǬǠǞǰǣǩǦ ǭǬǩǱ-

ȰǦǩǦ ǠǬǥǪǬǤǫǬǯǰȵ ǥǞǨǞǥǞǰȵ ǪǱǥȴǨǱ

ǲǦǫǞǩǦǯǰǬǠ ǠǪǣǯǰǬ ǡǱǢǨǬǠ, ǭǮǦ ȶǰǬǪ

ǠǬ ǠǮǣǪȸ ǡǬǩǬǯǬǠǞǫǦȸ «Ǔ-ǒǞǨǰǬǮ»

ǭǮǣǢǩǞǡǞǩǬǯȵ ǯǮǞǥǱ Ǥǣ ǱǯǰǞǫǬǠǦǰȵ

ǪǱǥȴǨǱ ǭǬǫǮǞǠǦǠȱǣǡǬǯȸ ǞǮǰǦǯǰǞ.

ǂǬǳǬǢ «ǈǦǣǠǯǰǞǮ» Ǭǰ ǭǮǬǢǞǤǦ ǦǡǮ

ǭǬ ǯǮǞǠǫǣǫǦȷ ǯ 2010 ǡǬǢǬǪ ǠȴǮǬǯ

ǫǞ 49%. ǈǩǦǣǫǰȴ «ǈǦǣǠǯǰǞǮ» ǞǨǰǦǠ-

ǫǬ ǭǬǩȵǥǱȷǰǯȸ ǱǯǩǱǡǬǧ ǭǬǢǭǦǯǨǦǫǞ «ǆǡǮȴ ƿǣǥǩǦǪ», ǨǬǰǬǮǞȸ ǭǬǥǠǬǩȸ-

ǣǰ ǞǟǬǫǣǫǰǞǪ ǯǨǞȰǦǠǞǰȵ ǫǣǬǡǮǞǫǦ-

ȰǣǫǫǬǣ ǨǬǩǦȰǣǯǰǠǬ ǦǡǮ Ǧǥ ǨǞǰǞǩǬǡǞǯ ǩǱȰȱǣǧ ǭǬǢǟǬǮǨǬǧ Ǭǰ ǪǦǮǬǠȴǳ Ǧ ǩǬ-

ǨǞǩȵǫȴǳ ǭǮǬǦǥǠǬǢǦǰǣǩǣǧ.

ǐǞǨǤǣ Ǡ 2011 ǡǬǢǱ ǟȴǩǞ ǥǞǭǱȲǣǫǞ

ǪǱǩȵǰǦǪǣǢǦǧǫǞȸ ǱǯǩǱǡǞ, ǭǬ ǱǯǩǬǠǦȸǪ

ǨǬǰǬǮǬǧ ǨǩǦǣǫǰȴ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ

«ǈǦǣǠǯǰǞǮ» ǪǬǡǱǰ ǭǬǩȵǥǬǠǞǰȵǯȸ ǪǬ-

ǟǦǩȵǫȴǪ ǭǮǦǩǬǤǣǫǦǣǪ «ǝǫǢǣǨǯ.ǈǞǮ-

ǰȴ» ǟǣǥ ǭǩǞǰȴ ǥǞ ǦǫǰǣǮǫǣǰ-ǰǮǞǲǦǨ.

ǀ Ƶ ǨǠǞǮǰǞǩǣ 2011 ǡǬǢǞ «ǈǦǣǠǯǰǞǮ»

ǥǞǭǱǯǰǦǩ ǫǬǠǱȷ ǯǬȯǦǞǩȵǫǱȷ ǱǯǩǱǡǱ

«ǎǬǢǦǰǣǩȵǯǨǦǧ ǨǬǫǰǮǬǩȵ», ǭǮǦǥǠǞǫ-

ǫǱȷ ǥǞȲǦǰǦǰȵ Ǣǣǰǣǧ Ǭǰ ǬȱǦǟǬǨ Ǧ ǫǞ-

ǯǦǩǦȸ ǭǮǦ ǭǬǩȵǥǬǠǞǫǦǦ ǦǫǰǣǮǫǣǰǬǪ

ǯ ǪǬǟǦǩȵǫǬǡǬ ǰǣǩǣǲǬǫǞ. ǛǰǞ ǱǯǩǱǡǞ

ǬǰǨǮȴǠǞǣǰ ǢǬǯǰǱǭ ǰǬǩȵǨǬ Ǩ ǬǡǮǞǫǦ-

ȰǣǫǫǬǪǱ ǯǭǦǯǨǱ ǟǣǥǬǭǞǯǫȴǳ Ǧ ǭǬǩǣǥ-

ǫȴǳ ǯǞǧǰǬǠ Ǣǩȸ Ǣǣǰǣǧ, ǬǢǬǟǮǣǫǫȴǳ ȶǨǯǭǣǮǰǞǪǦ ǆǫǯǰǦǰǱǰǞ ǭǯǦǳǬǩǬǡǦǦ

ǦǪ. ǁ. Ǐ. ǈǬǯǰȷǨǞ.

ǂǮǱǡǦǪ ǠǞǤǫȴǪ ǯǬȯǦǞǩȵǫȴǪ ǭǮǬǣǨ-

ǰǬǪ, ǥǞǭǱȲǣǫǫȴǪ Ǡ 2011-Ǫ, ȸǠǩȸǣǰǯȸ

ǬǫǩǞǧǫ-ǭǬǮǰǞǩ iloveukraine.com.ua,

ǨǬǰǬǮȴǧ ǭǮǦǥȴǠǞǣǰ Ǡǯǣǳ ǤǣǩǞȷȲǦǳ ǭǬǢǣǩǦǰȵǯȸ ǩȷǟǬǠȵȷ Ǩ ǑǨǮǞǦǫǣ ǭǱ-

ǰǣǪ ǮǞǥǪǣȲǣǫǦȸ ǲǬǰǬ ǯǞǪȴǳ ȸǮǨǦǳ Ǧ ǦǫǰǣǮǣǯǫȴǳ, ǭǬ Ǧǳ ǪǫǣǫǦȷ, ǱǡǬǩǨǬǠ

ǑǨǮǞǦǫȴ. ǛǰǬǰ ǭǬǮǰǞǩ ǯǰǞǫǣǰ ǬǟȲǣǧ,

ǯǬǥǢǞǫǫǬǧ ǯǞǪǦǪǦ ǱǨǮǞǦǫȯǞǪǦ, ǟǞ-

ǥǬǧ ǥǫǞǫǦǧ Ǭ ǯǰǮǞǫǣ Ǧ ǣǣ ǠȴǢǞȷȲǦǳǯȸ

ǪǣǯǰǞǳ – Ǧ ǭǬǭǱǩȸǮǫȴǳ, Ǧ ǢǬ ǯǦǳ ǭǬǮ

ǫǣǦǥǠǣǯǰǫȴǳ.

6,5 ONP RSQTOQUSIPP^X

TUSDPLY

700 U^TbZ FIE-RQTIULUINI確

1 ONP 113 U^TbZ QRVENLMQFDP-

P^X WQUQGSDWL確

Ǌǩǧǜǥǩ-ǫǪǬǮǜǧ

iloveukraine.com.ua

(T VZIUQO OQHISDYLL)

«ǀǤ-ǀǢǤǩǟǧ»,

ǫǪǧȳǣǪǞǜǮǡǧǤ

2010

2011

4,38Ǫǩǫ

6Ǫǩǫ

ǃǜǦǜǣ ǯǭǧǯǟǤ«ǀǤ-ǀǢǤǩǟǧ»,

MQN-FQ

2010

2011

17,9Ǫǩǫ

22,8Ǫǩǫ

ǄǟǬȲ, MQN-FQ

2010

2011

12,5Ǫǩǫ

22,5Ǫǩǫ

ƬƹǜƹǚƹҨ ƹǢǥƸǢ – 201124 ƬƹǜƬƹǜƬƹǜƬƹǜƹǚƹƹǚƹƹǚƹƹǚ Ҩ ƹҨ ƹҨ ƹǢǥƸǢǥƸǥƸǢǢǢǢ –– 2012010 1124

ǈǞȰǣǯǰǠǬ ǯǠȸǥǦ – ǣǤǣǢǫǣǠǫǞȸ

ǮǞǟǬǰǞ ǯǭǣȯǦǞǩǦǯǰǬǠ ǰǣǳǫǦȰǣǯǨǬǧ

ǢǦǮǣǨȯǦǦ. Ǌȴ ǥǫǞǣǪ, ǨǞǨ

ǭǬǯǰǮǬǦǰȵ Ǧ ǱǨǮǣǭǦǰȵ ǩǱȰȱǱȷǠ ǑǨǮǞǦǫǣ ǯǣǰȵ

ОE]IHLPIPPDb MQODPHDUIXPLZITMQ確 HLSIMYLL

ƬƹǜƹǚƹҨ ƹǢǥƸǢ – 2011 25ƬƹǜƬƹǜƬƹǜƹǜƬƹǜǜƹǚƹƹǚƹƹǚƹƹƹǚƹƹǚ Ҩ ƹҨ ƹҨ ƹҨ ƹǢǥƸǢǥƸǢǢǥ Ǣ –Ǣ –––––––– 2222020202022000202020022202222020200022222200020222202222202022002020222202011111111111111111111111111111111111

ƼǧǡǦǭǜǩǠǬ ǀǪǬǪǰǤǥ,

KDOITULUIN_ UIXPLZITMQGQ

HLSIMUQSD

2252252525252522525252555555525255555255552555255522255525552555555552555255255

ǰǤǥ,

ZITMQGQ


ǈǞȰǣǯǰǠǬ ǯǣǰǦ «ǈǦǣǠǯǰǞǮ»ǏǬǡǩǞǯǫǬ ǦǯǯǩǣǢǬǠǞǫǦȷ ǨǬǪǭǞǫǦǦ

Ericsson, ǯǣǰȵ «ǈǦǣǠǯǰǞǮ» ǠǳǬǢǦǰ Ǡ 25%

ǩǱȰȱǦǳ ǯǣǰǣǧ ǪǦǮǞ, ǭǬǯǰǮǬǣǫǫȴǳ ǯ Ǧǯ-

ǭǬǩȵǥǬǠǞǫǦǣǪ ǬǟǬǮǱǢǬǠǞǫǦȸ Ericsson.

Ǐǣǰȵ «ǈǦǣǠǯǰǞǮ» – ǬǢǫǞ Ǧǥ ǯǞǪȴǳ ǟǬǩȵ-

ȱǦǳ Ǡ ǃǠǮǬǭǣ:

ǍǬ ǯǮǞǠǫǣǫǦȷ ǯǬ ǯǮǣǢǫǦǪǦ ǪǦǮǬǠȴǪǦ

ǭǬǨǞǥǞǰǣǩȸǪǦ, ǢǣǪǬǫǯǰǮǦǮǱǣǰ ǩǱȰȱǣǣ

ǨǞȰǣǯǰǠǬ Ǧ ǭǮǬǦǥǠǬǢǦǰǣǩȵǫǬǯǰȵ:

НDTZLU^FDIU RQSbHMD 25 ONP DEQPIPUQF, TF^[I

14 U^T. EDKQF^X TUDPYL確, EQNII 137 U^T. RSLIOQ-

RISIHDUZLMQF, 31 TISFLTPVa RNDUWQSOV, RQSbHMD

30 U^T. MO FQNQMQPPQ-QRULZITMLX TIUI確.

РDEQUDIU PD TDO^X TQFSIOIPP^X UIXPQNQGLbX:

DWDM, IP/MPLS, ALL IP

НD RQTUQbPPQ確 QTPQFI PDHIJPQTU_ TFbKL QEITRI-

ZLFDaU TLTUIO^ SIKISFLSQFDPLb QEQSVHQFDPLb:

FPIHSIPD L HI確TUFVIU TQETUFIPPDb TLTUIOD FMS

(fault management system), SDEQUDIU MSVGNQTVUQZ-

PDb TOIPD UIXPLZITMQGQ RISTQPDND QRISDULFPQGQ

SIDGLSQFDPLb

FISQbUPQTU_ QES^FD F^KQFD PD RSQUb-

JIPLL SDKGQFQSD

RSQYIPUQF F^KQFQF T F^TQMLO MDZI-

TUFQO RISIHDZL SIZL

MELU/TIM – TSIHPbb TMQSQTU_ RISIHDZL

HDPP^X QU БС M MNLIPUV RQ UIXPQNQGLL

EDGE

ǌǟȳǣǢǦǫǣǫǦǣ ǠȴǠǣǩǬǨǞȰǣǯǰǠǬ «ǈǦǣǠǯǰǞǮ» ǫǞ ǣȲǣ ǟǬǩǣǣ ǠȴǯǬǨǦǧ ǱǮǬǠǣǫȵ

135

99,13%

0,64%

ǨǤǩǯǮ

450Ǫǩǫ

ǭǪǡǠǤǩǡǩǤǥ

240Ǫǩǫ

ǍǈǍ

9Ǫǩǫ

ǠǜǩǩȲǱ ГE

16ǰȴǯ.

ǃǤǣǢǫǣǠǫȴǣ ǬǟȳǣǪȴ ǭǬǰǮǣǟǩȸǣǪȴǳ ǱǯǩǱǡ Ǡ ǯǣǰǦ «ǈǦǣǠǯǰǞǮ» ǮǞǯǰǱǰ.ǀ 2011 ǡǬǢǱ ǬǫǦ ǯǬǯǰǞǠǦǩǦ:


«ǆǤǡǞǭǮǜǬ» — ȴǮǪ ǧǯȮȯǜȶ ǭǞȶǣȳ Ǟ

ǏǦǬǜǤǩǡ Ǥ ǪǝǬǜǣȭǪǞǪǡ ǦǜȮǡǭǮǞǪ

ǎǞǯȱǦǮǣǫǦǣ ǡǣǬǡǮǞǲǦǦ ǭǬǨǮȴǰǦȸ Ǧ ǪǬǢǣǮǫǦǥǞȯǦȸ ǯǣǰǦ«ǈǦǣǠǯǰǞǮ», ǬǳǠǞǰȴǠǞȸ ǯǠǬǣǧ ǯǣǰȵȷ

Ǡǯǣ ǟǬǩȵȱǦǣ Ǧ ǪǞǩȴǣ ǡǬǮǬǢǞ Ǧ ǟǬǩǣǣ

28 ǰȴǯ. ǯǣǩȵǯǨǦǳ ǫǞǯǣǩǣǫǫȴǳ ǭǱǫǨǰǬǠ,

Ǡǯǣ ǬǯǫǬǠǫȴǣ ǫǞȯǦǬǫǞǩȵǫȴǣ Ǧ ǮǣǡǦǬ-

ǫǞǩȵǫȴǣ ǰǮǞǯǯȴ, ǟǬǩȵȱǦǫǯǰǠǬ ǪǬǮǯǨǦǳ Ǧ ǮǣȰǫȴǳ ǭǬǟǣǮǣǤǦǧ ǑǨǮǞǦǫȴ, ǭǮǬǢǬǩ-

ǤǞǣǰ ǮǞǯȱǦǮȸǰȵ ǭǬǨǮȴǰǦǣ. ǌǫǬ ǯǬǯǰǞǠ-

ǩȸǣǰ ǭǮǞǨǰǦȰǣǯǨǦ 100% ǰǣǮǮǦǰǬǮǦǦ

ǑǨǮǞǦǫȴ.

ǀ 2011 ǡǬǢǱ ǪǬǢǣǮǫǦǥǞȯǦȸ ǯǣǰǦ «ǈǦǣǠ-

ǯǰǞǮ» ǬǯǱȲǣǯǰǠǩȸǩǞǯȵ ǯ ǱȰǣǰǬǪ ǮǬǯǰǞ

ǬǟȳǣǪǬǠ ǰǮǞǲǦǨǞ:

RQTUSQIPQ EQNII 1300 PQF^X ED-

KQF^X TUDPYL確 RQ FTI確 УMSDLPI

QEPQFNIPQ QEQSVHQFDPLI PD

EQNII 600 EDKQF^X TUDPYLbX

PD 15% VFINLZIP^ IOMQTUL HNb

GQNQTQF^X TISFLTQF

PD 57% VFINLZIP^ IOMQTUL HNb

HDUD-TISFLTQF

ǂǩȸ ǬǟǣǯǭǣȰǣǫǦȸ ǨǞȰǣǯǰǠǞ ǭǬǨǮȴǰǦȸ,

ǬǯǬǟǣǫǫǬ ǫǞ ǯǩǬǤǫȴǳ ǱȰǞǯǰǨǞǳ (ǡǬǮǬ-

ǢǞ ǯ ǠȴǯǬǨǬǧ ǭǩǬǰǫǬǯǰȵȷ ǫǞǯǣǩǣǫǦȸ,

ǪǣǯǰǫǬǯǰȵ ǯǬ ǯǩǬǤǫȴǪ ǮǣǩȵǣǲǬǪ) «ǈǦ-

ǣǠǯǰǞǮ» ǬǰǯǩǣǤǦǠǞǣǰ ǱǮǬǠǣǫȵ ǯǦǡǫǞǩǞǠ ǮǞǥǫȴǳ ǮǣǡǦǬǫǞǳ Ǧ ǭǮǦ ǫǣǬǟǳǬǢǦǪǬǯǰǦ

ǱǯǦǩǦǠǞǣǰ ǪǬȲǫǬǯǰȵ ǫǞ ǯǱȲǣǯǰǠǱȷȲǦǳ ǟǞǥǬǠȴǳ ǯǰǞǫȯǦȸǳ ǦǩǦ ǢǬǟǞǠǩȸǣǰ ǫǬ-

Ǡȴǣ ǟǞǥǬǠȴǣ ǯǰǞǫȯǦǦ. ǐǞǨ, Ǡ 2011 ǡǬǢǱ

ǟȴǩǦ ǭǬǯǰǮǬǣǫȴ 64 ǟǞǥǬǠȴǣ ǯǰǞǫȯǦǦ ǭǬ

ǥǞȸǠǨǞǪ ǨǬǮǭǬǮǞǰǦǠǫȴǳ ǨǩǦǣǫǰǬǠ.

ǏǣǡǬǢǫȸ ǯǣǰȵ «ǈǦǣǠǯǰǞǮ» ȸǠǩȸǣǰǯȸ ǩǦ-

ǢǣǮǬǪ ǭǬ ǭǬǨǮȴǰǦȷ ǯǮǣǢǦ ǱǨǮǞǦǫǯǨǦǳ ǬǭǣǮǞǰǬǮǬǠ. ǂǣǭǞǮǰǞǪǣǫǰ ǮǞǢǦǬǭǩǞ-

ǫǦǮǬǠǞǫǦȸ ǭǬǯǰǬȸǫǫǬ ǦǥǱȰǞǣǰ ǭǬǰǮǣǟ-

ǫǬǯǰǦ ǨǩǦǣǫǰǬǠ, Ǧ, ǦǯǳǬǢȸ Ǧǥ ȶǰǬǡǬ, ǬǯǱ-

ȲǣǯǰǠǩȸǣǰ ǭǩǞǫǬǪǣǮǫǬǣ ǮǞǯȱǦǮǣǫǦǣ

ǯǣǰǦ. ǎǞǯȱǦǮǣǫǞ ǯǣǰȵ Ǡ ǰǮǱǢǫǬǢǬǯǰǱǭ-

ǫȴǳ ǪǣǯǰǞǳ (ǪǣǰǮǬ, ǪǞǯǯǦǠǫȴǣ ǥǢǞǫǦȸ,

ǡǬǮȴ, ȱǞǳǰȴ), Ǡ ǨǱǮǬǮǰǫȴǳ ǥǬǫǞǳ (ǈǮȴǪ,

ǈǞǮǭǞǰȴ) Ǧ ǪǣǯǰǞǳ ǟǬǩȵȱǬǡǬ ǯǨǬǭǩǣǫǦȸ

ǩȷǢǣǧ (ǰǬǮǡǬǠȴǣ ȯǣǫǰǮȴ, ǮȴǫǨǦ Ǧ ǰ. Ǣ.).

«ǈǦǣǠǯǰǞǮ» ǮǣǡǱǩȸǮǫǬ ǭǮǬǠǬǢǦǰ ǪǬ-

ǢǣǮǫǦǥǞȯǦȷ ǯǣǰǦ Ǧ ǬǟǫǬǠǩȸǣǰ ǬǟǬǮǱ-

ǢǬǠǞǫǦǣ. ǀ 2011 ǡǬǢǱ Ǫȴ ǥǞǠǣǮȱǦǩǦ

ǪǞǯȱǰǞǟǫȴǧ ǭǮǬǣǨǰ ǭǬ ǪǬǢǣǮǫǦǥǞȯǦǦ

ǆǐ-ǦǫǲǮǞǯǰǮǱǨǰǱǮȴ ǫǞ ǟǞǥǣ Oracle

Exadata Database Machine. ǍǮǬǡǮǞǪǪ-

ǫǬ-ǞǭǭǞǮǞǰǫȴǧ ǨǬǪǭǩǣǨǯ Oracle Exada-

ta ǦǯǭǬǩȵǥǱǣǰǯȸ Ǣǩȸ ǬǟǣǯǭǣȰǣǫǦȸ ǪǞǨ-

ǯǦǪǞǩȵǫǬ ǠȴǯǬǨǬǡǬ ǱǮǬǠǫȸ ǫǞǢǣǤǫǬǯǰǦ

Ǧ ǭǮǬǦǥǠǬǢǦǰǣǩȵǫǬǯǰǦ ǲǦǫǞǫǯǬǠǬ-ǞǫǞ-

ǩǦǰǦȰǣǯǨǦǳ ǯǦǯǰǣǪ «ǈǦǣǠǯǰǞǮ».

ǐǞǨǤǣ Ǡ 2011 ǡǬǢǱ ǟȴǩǞ ǯǬǥǢǞǫǞ DRP-

ǩǞǟǬǮǞǰǬǮǦȸ (DRP – Disaster Recovery

Plan) Ǣǩȸ ǬǟǣǯǭǣȰǣǫǦȸ ȶǲǲǣǨǰǦǠǫǬǡǬ

ǭǩǞǫǦǮǬǠǞǫǦȸ Ǧ ǭǬǢǢǣǮǤǞǫǦȸ Ǡ ǮǞǟǬ-

ȰǣǪ ǯǬǯǰǬȸǫǦǦ ǭǮǬȯǣǢǱǮ ǠǬǯǯǰǞǫǬǠ-

ǩǣǫǦȸ ǨǩȷȰǣǠȴǳ ǆǐ-ǯǦǯǰǣǪ Ǡ ǯǩǱȰǞǣ

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ǥǬǠǞǫ ǦǫǫǬǠǞȯǦǬǫǫȴǧ ǭǮǬǣǨǰ «EDGE

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ǬǢǦǫ Ǧǥ ǨǩȷȰǣǠȴǳ ȶǰǞǭǬǠ ǬǟȳǣǢǦǫǣǫǦȸ

ǯǣǰǣǧ «ǈǦǣǠǯǰǞǮ» Ǧ «Beeline-ǑǨǮǞǦǫǞ».

ǍǮǬȯǣǯǯ ǬǟȳǣǢǦǫǣǫǦȸ ǟȴǩ ǥǞǮǞǫǣǣ

ǮǞǯǭǩǞǫǦǮǬǠǞǫ Ǧ ǬǯǱȲǣǯǰǠǩȸǣǰǯȸ Ǡ

ǨǬǬǮǢǦǫǞȯǦǦ ǯ ǪǞǮǨǣǰǦǫǡǬǠǬǧ ǢǦǮǣǨ-

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ǨǬǪǲǬǮǰǫǬ Ǣǩȸ ǨǩǦǣǫǰǬǠ.

Ǌȴ ǭǬǯǰǬȸǫǫǬ ǬǯǱȲǣǯǰǠǩȸǣǪ ǪǬǫǦ-

ǰǬǮǦǫǡ ǬǟǮǞȲǣǫǦǧ ǞǟǬǫǣǫǰǬǠ Ǡ ǨǬǩǩ-

ȯǣǫǰǮȴ Ǧ ǨǬǫǰǮǬǩǦǮǱǣǪ ǨǞȰǣǯǰǠǬ

ǯǠȸǥǦ Ǧ ǭǬǨǮȴǰǦȸ. ƿǬǩǣǣ 500 ǟǞǥǬǠȴǳ ǯǰǞǫȯǦǧ «Beeline-ǑǨǮǞǦǫǞ» ǟȴǩǦ Ǧǫ-

ǰǣǡǮǦǮǬǠǞǫȴ Ǡ ǯǣǰȵ «ǈǦǣǠǯǰǞǮ». ǛǰǬ

ǱǫǦǨǞǩȵǫȴǣ ǠȴȱǨǦ, ǨǬǰǬǮȴǣ ǭǬǥǠǬǩǦ-

ǩǦ ǫǞǪ ǱǯǦǩǦǰȵ ǭǬǨǮȴǰǦǣ «ǈǦǣǠǯǰǞǮ».

ǀ 2011 ǡǬǢǱ ǟȴǩǞ ǥǞǠǣǮȱǣǫǞ ǪǦǡǮǞ-

ȯǦȸ ǟǦǩǩǦǫǡǞ ǞǟǬǫǣǫǰǬǠ ǭǮǣǢǬǭǩǞ-

ȰǣǫǫǬǧ ǯǠȸǥǦ Ǧ ǫǞȰǞǰ ǞǫǞǩǬǡǦȰǫȴǧ

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ǲǬǮǪȴ. ǍǮǬȯǣǯǯ ǬǟȳǣǢǦǫǣǫǦȸ ǪǬ-

ǟǦǩȵǫȴǳ ǟǦǩǩǦǫǡǬǠ – ȶǰǬ ǬǢǦǫ Ǧǥ

ǨǩȷȰǣǠȴǳ ǪǬǪǣǫǰǬǠ Ǡ ǬǟȳǣǢǦǫǣǫǦǦ

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ǀ ǮǞǪǨǞǳ ǬǟȳǣǢǦǫǣǫǦȸ ǬǭǣǮǞǰǬ-

ǮǬǠ «ǈǦǣǠǯǰǞǮ» Ǧ «Beeline–ǑǨǮǞǦǫǞ»

Ǡ 2011 ǡǬǢǱ Ǡ ǨǬǪǭǞǫǦǦ ǱǯǭǣȱǫǬ ǭǮǬ-

ȱǩǞ ǦǫǰǣǡǮǞȯǦȸ ǢǠǱǳ ǯǦǩȵǫȴǳ ǨǬ-

ǪǞǫǢ. ǏǣǡǬǢǫȸ ǨǬǪǭǞǫǦȸ «ǈǦǣǠǯǰǞǮ» –

ȶǰǬ ǣǢǦǫǞȸ ǨǬǪǞǫǢǞ ǭǮǬǲǣǯǯǦǬǫǞǩǬǠǯ ǩǱȰȱǦǪǦ ǨǬǪǭǣǰǣǫȯǦȸǪǦ. ǈǬǪǭǞǫǦǣǧ

ǢǬǯǰǦǡǫǱǰǞ ǞǪǟǦȯǦǬǥǫǞȸ ȯǣǩȵ ǭǬ Ǭǟǣ-

ǯǭǣȰǣǫǦȷ ǣǢǦǫǯǰǠǞ ǭǮǦǫȯǦǭǬǠ ǱǭǮǞǠ-

ǩǣǫǦȸ ǭǣǮǯǬǫǞǩǬǪ. ǀ ǯǬǬǰǠǣǰǯǰǠǦǦǯ ǬǟȲǦǪǦ ǯǰǞǫǢǞǮǰǞǪǦ ǬǟȳǣǢǦǫǣǫǫǬǡǬ

«ǈǦǣǠǯǰǞǮ» ǟȴǩǞ ǬǯǱȲǣǯǰǠǩǣǫǞ ǡǞǮǪǬ-

ǫǦǥǞȯǦȸ ǱǯǩǬǠǦǧ ǰǮǱǢǞ, ǮǞǟǬȰǦǳ ǡǮǞ-

ǲǦǨǬǠ Ǧ ǥǞǮǞǟǬǰǫȴǳ ǭǩǞǰ ǯǬǰǮǱǢǫǦǨǬǠ

«Beeline-ǑǨǮǞǦǫǞ» Ǧ «ǁǬǩǢǣǫ ǐǣǩǣǨǬǪ»,

ǨǬǰǬǮȴǣ ǭǮǦǯǬǣǢǦǫǦǩǦǯȵ Ǩ ǨǬǩǩǣǨǰǦǠǱ

«ǈǦǣǠǯǰǞǮ».

ǀ ǰǣȰǣǫǦǣ 2011 ǡǬǢǞ ǭǬǠȴȱǣǫǦǣ ǥǞǮ-

ǭǩǞǰ ǫǞ ǥǞǫǦǪǞǣǪǬǧ ǢǬǩǤǫǬǯǰǦ ǭǬǩǱ-

ȰǦǩǦ 2464 ǯǬǰǮǱǢǫǦǨǞ, ǭǬǠȴȱǣǫǦǣ ǭǬ

ǢǬǩǤǫǬǯǰǦ ǭǬǩǱȰǦǩǦ 379 ǯǭǣȯǦǞǩǦ-

ǯǰǬǠ, Ǧ, ǨǮǬǪǣ ǰǬǡǬ, ǰǮǣǰȵ ǯǬǰǮǱǢǫǦǨǬǠ

ǬǟȳǣǢǦǫǣǫǫǬǡǬ «ǈǦǣǠǯǰǞǮ» ǠǬǯǭǬǩȵ-

ǥǬǠǞǩǦǯȵ ǰǮǣǫǦǫǡǞǪǦ Ǧ ǭǮǬǡǮǞǪǪǞǪǦ

ǮǞǥǠǦǰǦȸ. ǌǟȲǞȸ ȰǦǯǩǣǫǫǬǯǰȵ ǭǣǮǯǬǫǞ-

ǩǞ ǬǟȳǣǢǦǫǣǫǫǬǡǬ «ǈǦǣǠǯǰǞǮ» ǭǬ ǦǰǬǡǱ

2011 ǡǬǢǞ ǯǬǯǰǞǠǩȸǩǞ 5739 ȰǣǩǬǠǣǨ.

ǀ ǨǬǪǭǞǫǦǦ ǟȴǩǦ ǭǮǬǠǣǢǣǫȴ ǠǞǤǫȴǣ

ǬǮǡǞǫǦǥǞȯǦǬǫǫȴǣ ǦǥǪǣǫǣǫǦȸ Ǡ ǪǞǮǨǣ-

ǰǦǫǡǬǠǬǧ ǢǦǮǣǨȯǦǦ – ǯǬǥǢǞǫǞ ǯǣǡǪǣǫǰ-ǫǬ-ǬǮǦǣǫǰǦǮǬǠǞǫǫǞȸ ǯǰǮǱǨǰǱǮǞ, ǨǬǰǬ-

ǮǞȸ ǰǣǭǣǮȵ ǯǬǯǰǬǦǰ Ǧǥ ǭǬǢǮǞǥǢǣǩǣǫǦǧ,

ǯǲǬǨǱǯǦǮǬǠǞǫǫȴǳ ǫǞ ǪǞǯǯǬǠǬǪ Ǧ ǨǬǮ-

ǭǬǮǞǰǦǠǫǬǪ ǯǣǡǪǣǫǰǞǳ ǮȴǫǨǞ. ǏǲǬǮǪǦ-

ǮǬǠǞǫȴ ǯǦǩȵǫȴǣ ǨǬǪǞǫǢȴ, ǨǞǤǢǞȸ Ǧǥ

ǨǬǰǬǮȴǳ ǮǞǟǬǰǞǣǰ ǭǬ ǯǠǬǣǪǱ ǯǣǡǪǣǫǰǱ

Ǧ ǫǣǯǣǰ ǬǰǠǣǰǯǰǠǣǫǫǬǯǰȵ ǥǞ ǮǣǥǱǩȵǰǞǰȴ

ǮǞǟǬǰȴ. ǍǮǦ ȶǰǬǪ ǬǟȲǞȸ ǥǞǢǞȰǞ ǨǬǪǞǫ-

Ǣȴ «ǈǦǣǠǯǰǞǮ» ǬǯǰǞǣǰǯȸ ǭǮǣǤǫǣǧ – ǭǮǣ-

ǢǬǯǰǞǠǩȸǰȵ ǯǠǬǦǪ ǨǩǦǣǫǰǞǪ ǦǪǣǫǫǬ ǰǣ

ǭǮǬǢǱǨǰȴ Ǧ ǮǣȱǣǫǦȸ, ǨǬǰǬǮȴǣ ǢǣǩǞȷǰ Ǧǳ ǤǦǥǫȵ ǪǞǨǯǦǪǞǩȵǫǬ ǨǬǪǲǬǮǰǫǬǧ.

ǈǞǢǮȴ – ǭǮǣǠȴȱǣ ǠǯǣǡǬǌǢǫǦǪ Ǧǥ ǭǮǬǣǨǰǬǠ 2011 ǡǬǢǞ ǯǰǞǩǬ

ǨǬǪǞǫǢǬǬǟǮǞǥǱȷȲǣǣ ǪǣǮǬǭǮǦȸǰǦǣ

Ǣǩȸ 400 ǯǬǰǮǱǢǫǦǨǬǠ ǬǟȳǣǢǦǫǣǫǫǬǧ

ǪǞǮǨǣǰǦǫǡǬǠǬǧ ǢǦǮǣǨȯǦǦ. ǂǣǯȸǰǦǨǦ-

ǩǬǪǣǰǮǬǠǞȸ ǢǦǯǰǞǫȯǦȸ ǭǬǢ ǢǣǠǦǥǬǪ

«ǋǣǠǬǥǪǬǤǫǬǣ ǠǬǥǪǬǤǫǬ!», ǨǬǰǬǮǱȷ

ǭǮǣǬǢǬǩǣǩǦ Ǡǯǣ ǱȰǞǯǰǫǦǨǦ, ǭǬǥǠǬǩǦǩǞ

ǫǞǩǞǢǦǰȵ ǟǬǩǣǣ ȶǲǲǣǨǰǦǠǫǬǣ ǠǥǞǦǪǬ-

ǢǣǧǯǰǠǦǣ Ǧ ǨǬǪǪǱǫǦǨǞȯǦȷ ǠǫǱǰǮǦ ǭǬǢ-

ǮǞǥǢǣǩǣǫǦȸ, ǯǭǩǬǰǦǰȵ ǦǫǰǣǡǮǦǮǬǠǞǫ-

ǫǱȷ ǨǬǪǞǫǢǱ Ǧ ǢǞǰȵ ǥǞǮȸǢ ǭǬǥǦǰǦǠǫȴǳ ȶǪǬȯǦǧ.

ǀ 2011 ǡǬǢǱ Ǡ «ǈǦǣǠǯǰǞǮ» ǯǰǞǮǰǬǠǞǩ

ǫǣǬǟȴȰǫȴǧ ǭǮǬǣǨǰ ǯǨǬƿǲǬǰǱƾ, ǭǮǬ-

ǢǣǪǬǫǯǰǮǦǮǬǠǞǠȱǦǧ, ȰǰǬ ǮǞǥǠǦǠǞǰȵǯȸ

ǪǬǤǫǬ ǫǣ ǰǬǩȵǨǬ ǭǬǯǮǣǢǯǰǠǬǪ ǭǮǬǲǣǯ-

ǯǦǬǫǞǩȵǫȴǳ ǰǮǣǫǦǫǡǬǠ, ǫǬ Ǧ Ǡ ǭǮǬȯǣǯǯǣ

ǢǦǞǩǬǡǞ ǯ ǦǥǠǣǯǰǫȴǪǦ ǩȷǢȵǪǦ ǢǮǱ-

ǡǦǳ ǭǮǬǲǣǯǯǦǧ. ǏǠȸǰǬǯǩǞǠ ǀǞǨǞǮȰǱǨ,

ǆǡǬǮȵ ǈǬǫǢǮǞǰȷǨ, ǝǮǬǯǩǞǠ ǅǞǟǩǬȯǨǦǧ,

ǆǯǞǞǨ ǈǱȱǫǦǮ, ƾǩǣǨǯǣǧ ǈǬǡǞǫ, ƾǫǞǰǬ-

ǩǦǧ ǋǣǣǩǬǠ – ǯǣǮǦȸ ǠǯǰǮǣȰ ǯ ǫǦǪǦ ǟȴǩǞ

ǭǮǦǥǠǞǫǞ ǭǬǪǬȰȵ ǯǬǰǮǱǢǫǦǨǞǪ ǨǬǪǭǞ-

ǫǦǦ ǢǱǪǞǰȵ ȱǦǮǣ, ǠȴǳǬǢǦǰȵ ǥǞ ǮǞǪǨǦ

ȱǞǟǩǬǫǬǠ ǯǰǞǫǢǞǮǰǫǬǡǬ ǪȴȱǩǣǫǦȸ.

720 ǨǦǣǠǯǰǞǮǬǠȯǣǠ, ǨǬǰǬǮȴǣ ǭǮǦǫȸǩǦ

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ǫǬǯǰȵ ǭǬǮǞǥǪȴȱǩȸǰȵ Ǭ ǩǦǢǣǮǯǰǠǣ, ȶǲ-

ǲǣǨǰǦǠǫǬǧ ǮǞǟǬǰǣ Ǧ ǭǮǬǞǨǰǦǠǫǬǯǰǦ.

ǌǟȳǣǢǦǫǣǫǫȴǧ «ǈǦǣǠǯǰǞǮ» – ǣǢǦǫǞȸ ǨǬǪǞǫǢǞ ǭǮǬǲǣǯǯǦǬǫǞǩǬǠ ǯ ǩǱȰȱǦǪǦ ǨǬǪǭǣǰǣǫȯǦȸǪǦ


«ǈǦǣǠǯǰǞǮ» ǠǫǦǪǞǰǣǩȵǫǬ ǬǰǫǬǯǦǰǯȸǨ ǟǞǩǞǫǯǱ ǪǣǤǢǱ ǮǞǟǬǰǬǧ Ǧ ǩǦȰǫǬǧ ǤǦǥ-ǫȵȷ ǯǠǬǦǳ ǯǬǰǮǱǢǫǦǨǬǠ. ǀ 2011 ǡǬǢǱ

ǱǯǭǣȱǫǬ ǭǮǦǪǣǫȸǩǞǯȵ ǯǦǯǰǣǪǞ ǦǫǢǦǠǦ-

ǢǱǞǩȵǫȴǳ ǡǮǞǲǦǨǬǠ ǮǞǟǬȰǣǡǬ ǠǮǣǪǣǫǦ,

ǨǬǰǬǮǬǧ ǠǬǯǭǬǩȵǥǬǠǞǩǦǯȵ ǪǫǬǡǦǣ ǯǬ-

ǰǮǱǢǫǦǨǦ.

ǐǞǨǤǣ Ǡ 2011 ǡǬǢǱ Ǡ ȯǣǫǰǮǞǩȵǫǬǪ ǬǲǦ-

ǯǣ Ǧ Ǡǯǣǳ ǲǦǩǦǞǩǞǳ «ǈǦǣǠǯǰǞǮ» ǬǨǬǩǬ

750 Ǣǣǰǣǧ ǯǬǰǮǱǢǫǦǨǬǠ ǭǬǯǣǰǦǩǦ ǬǲǦ-

ǯȴ ǨǬǪǭǞǫǦǦ, ǱǠǦǢǣǩǦ, ǨǞǨ ǮǞǟǬǰǞǣǰ «ǈǦǣǠǯǰǞǮ», Ǧ ǡǢǣ ǰǮǱǢȸǰǯȸ Ǧǳ ǮǬǢǦǰǣ-

ǩǦ. ǂǩȸ Ǣǣǰǣǧ ǟȴǩǦ ǬǮǡǞǫǦǥǬǠǞǫȴ ȶǨǯ-

ǨǱǮǯǦǦ ǭǬ ǬǲǦǯǱ, ǮǞǥǠǩǣǨǞǰǣǩȵǫǞȸ ǭǮǬ-

ǡǮǞǪǪǞ Ǧ ǱǡǬȲǣǫǦǣ.

ǀ ǰǣȰǣǫǦǣ 2011 ǡǬǢǞ Ǳ ǯǬǰǮǱǢǫǦǨǬǠ

ǨǬǪǭǞǫǦǦ ǮǬǢǦǩǬǯȵ 322 ǪǞǩȴȱǞ. ǈǞǤ-

ǢǬǪǱ Ǧǥ ǫǬǠǬǦǯǭǣȰǣǫǫȴǳ ǮǬǢǦǰǣǩǣǧ,

ǨǬǰǬǮȴǧ ǮǞǟǬǰǞǣǰ Ǡ ǨǬǪǭǞǫǦǦ, ǟȴǩǞ

ǠȴǭǩǞȰǣǫǞ ǪǞǰǣǮǦǞǩȵǫǞȸ ǭǬǪǬȲȵ.

ǐǞǨǤǣ Ǡ 2011 ǡǬǢǱ ǱǯǭǣȱǫǬ ǭǮǬȱǣǩ

ǠǰǬǮǬǧ ǯǣǥǬǫ ǦǫǰǣǩǩǣǨǰǱǞǩȵǫǬǧ ǦǡǮȴ

ǈǆǃǀǏǐƾǎǦǝ, Ǡ ǨǬǰǬǮǬǧ ǭǮǦǫȸǩǦ ǱȰǞ-

ǯǰǦǣ 56 ǨǬǪǞǫǢ ǯǬ Ǡǯǣǳ ǲǦǩǦǞǩǬǠ ǨǬǪ-

ǭǞǫǦǦ. ǆǡǮǞ ǯǰǞǩǞ ǢǬǟǮǬǧ ǰǮǞǢǦȯǦǣǧ,

ǦǫǰǣǩǩǣǨǰǱǞǩȵǫȴǪ ǭǬǩǣǪ ǬǟǪǣǫǞ ǥǫǞ-

ǫǦȸǪǦ Ǭ ǢǣȸǰǣǩȵǫǬǯǰǦ ǨǬǪǭǞǫǦǦ Ǧ Ǭǟ

ǦǯǰǬǮǦǦ ǬǰǮǞǯǩǦ Ǡ ȯǣǩǬǪ, ǯǰǞǩǞ ǭǮǬ-

ǢǬǩǤǣǫǦǣǪ ǭǮǬǣǨǰǬǠ ǭǬ ǮǞǯȱǦǮǣǫǦȷ

ǨǮǱǡǬǥǬǮǞ Ǧ ǲǬǮǪǦǮǬǠǞǫǦȷ ǨǱǩȵǰǱǮȴ

ǯǞǪǬǮǞǥǠǦǰǦȸ Ǳ ǯǬǰǮǱǢǫǦǨǬǠ.


ǀ ǪǞǣ 2011 ǡǬǢǞ Ǡ ǮǞǪǨǞǳ ǮǞǥǠǦǰǦȸ ǨǬǮ-

ǭǬǮǞǰǦǠǫǬǧ ǨǱǩȵǰǱǮȴ Ǧ ǠǬǠǩǣȰǣǫǫǬǯǰǦ

ǭǣǮǯǬǫǞǩǞ Ǡ ǤǦǥǫȵ Ǧ ǮǞǥǠǦǰǦǣ ǨǬǪǭǞǫǦǦ

ǯǰǞǮǰǬǠǞǩ ǱǫǦǨǞǩȵǫȴǧ ǭǮǬǣǨǰ «ǏǬǥǢǞǧ

ǏǠǬǧ ǈǦǣǠǯǰǞǮ». ǊǣǳǞǫǦǥǪ ǮǣǞǩǦǥǞȯǦǦ

ǭǮǬǣǨǰǞ ǭǮǬǯǰ: ǨǞǤǢǬǪǱ ǯǬǰǮǱǢǫǦǨǱ ǭǮǣ-

ǢǬǯǰǞǠǩȸǣǰǯȸ ǠǬǥǪǬǤǫǬǯǰȵ ǭǮǣǢǩǬǤǦǰȵ

ǯǠǬȷ ǦǢǣȷ Ǡ ǮǞǪǨǞǳ ǮǞǟǬǰȴ ǨǬǪǭǞǫǦǦ Ǧ

ǭǮǦǫȸǰȵ ǞǨǰǦǠǫǬǣ ǱȰǞǯǰǦǣ Ǡ ǣǣ ǮǣǞǩǦǥǞ-

ȯǦǦ. ǌǡǮǞǫǦȰǣǫǦǧ ǭǬ ǰǣǪǣ ǦǢǣǧ ǫǣǰ: ȶǰǬ

ǪǬǡǱǰ ǟȴǰȵ, ǫǞǭǮǦǪǣǮ, ǭǮǣǢǩǬǤǣǫǦȸ ǭǬ

ǱǩǱȰȱǣǫǦȷ ǮǞǟǬȰǦǳ ǭǮǬȯǣǯǯǬǠ, ǦǢǣǦ Ǣǩȸ

ǯǬǠǣǮȱǣǫǯǰǠǬǠǞǫǦȸ ǭǮǬǢǱǨǰǬǠ Ǧ ǱǯǩǱǡ ǨǬǪǭǞǫǦǦ, Ǣǩȸ ǬǟȲǣǯǰǠǞ Ǡ ȯǣǩǬǪ. ǅǞ ǢǠǞ

ǯ ǭǬǩǬǠǦǫǬǧ ǪǣǯȸȯǞ ǯǬǰǮǱǢǫǦǨǦ ǥǞǮǣǡǦ-

ǯǰǮǦǮǬǠǞǩǦ ǟǬǩǣǣ 350 ǱǫǦǨǞǩȵǫȴǳ ǦǢǣǧ Ǧ

ǫǞǭǦǯǞǩǦ ǭǬǩǰǬǮȴ ǰȴǯȸȰǦ ǨǬǪǪǣǫǰǞǮǦǣǠ

Ǩ ǫǦǪ. ǍǬǯǩǣ ǬǟǯǱǤǢǣǫǦȸ Ǡǯǣǳ ǦǢǣǧ ȶǨǯ-ǭǣǮǰǞǪǦ ǨǬǪǭǞǫǦǦ Ǧǥ ȰǦǯǩǞ ǪǣǫǣǢǤǣǮǬǠ

ǮǞǥǩǦȰǫȴǳ ǲǱǫǨȯǦǧ, ǟȴǩǬ ǬǰǬǟǮǞǫǬ ǠǬ-

ǯǣǪȵ ǭǮǣǢǩǬǤǣǫǦǧ, ǫǞǦǟǬǩǣǣ ǦǫǰǣǮǣǯǫȴǳ Ǧ ǭǣǮǯǭǣǨǰǦǠǫȴǳ Ǣǩȸ ǮǞǥǠǦǰǦȸ ǨǬǪǭǞǫǦǦ/

ǟǦǥǫǣǯǞ ǫǞǭǮǞǠǩǣǫǦȸ. ǛǰǬ ǭȸǰȵ ǫǬǠȴǳ ǭǮǬǢǱǨǰǬǠ Ǣǩȸ ǨǩǦǣǫǰǬǠ ǬǭǣǮǞǰǬǮǞ Ǧ ǰǮǦ

ǦǫǰǣǮǣǯǫȴǳ ǭǮǬǣǨǰǞ Ǣǩȸ ǨǬǪǭǞǫǦǦ Ǧ ǮǞǥ-ǠǦǰǦȸ ǯǬǰǮǱǢǫǦǨǬǠ. ǀǯǣ ǭǮǬǣǨǰȴ ǟȴǩǦ

ǬǢǬǟǮǣǫȴ Ǩ ǮǣǞǩǦǥǞȯǦǦ Ǡ 2012 ǡǬǢǱ. ǀǯǣǡǬ ǭǬ ǦǰǬǡǱ ǪǦǫǱǠȱǣǡǬ ǡǬǢǞ ǬǨǬǩǬ40 ǦǢǣǧ ǟȴǩǦ ǩǦǟǬ ǱǤǣ ǮǣǞǩǦǥǬǠǞǫȴ,

ǩǦǟǬ ǫǞǳǬǢǦǩǦǯȵ ǫǞ ǯǰǞǢǦǦ ǮǣǞǩǦǥǞȯǦǦ.


ǎǱǨǬǠǬǢǯǰǠǬ «ǈǦǣǠǯǰǞǮ» ǠǯȸȰǣǯǨǦ ǭǬǢ-

ǢǣǮǤǦǠǞǣǰ ǯǭǬǮǰǦǠǫǬǣ ǢǠǦǤǣǫǦǣ ǯǮǣ-

ǢǦ ǯǬǰǮǱǢǫǦǨǬǠ. ǋǞǭǮǦǪǣǮ, ǨǬǪǭǞǫǦȸ

ǬǭǩǞȰǦǠǞǣǰ ǞǮǣǫǢǱ ǭǬǪǣȲǣǫǦǧ Ǣǩȸ

ǰǮǣǫǦǮǬǠǬǨ ǲǱǰǟǬǩǦǯǰǬǠ, ǱȰǞǯǰǦǣ ǨǬ-

ǪǞǫǢ ǬǭǣǮǞǰǬǮǞ Ǡ ǰǱǮǫǦǮǞǳ. ǃǤǣǡǬǢǫǬ

Ǡ «ǈǦǣǠǯǰǞǮ» ǭǮǬǠǬǢǦǰǯȸ «ǈǬǮǭǬǮǞǰǦǠ-

ǫȴǧ ǲǱǰǟǬǩȵǫȴǧ ǰǱǮǫǦǮ» ǯǮǣǢǦ Ǡǯǣǳ ǤǣǩǞȷȲǦǳ. ǀ 7-Ǫ «ǈǬǮǭǬǮǞǰǦǠǫǬǪ ǲǱǰ-ǟǬǩȵǫǬǪ ǰǱǮǫǦǮǣ «ǈǦǣǠǯǰǞǮ» ǯ ǱȰǞǯǰǦ-

ǣǪ ǨǬǪǞǫǢ ȯǣǫǰǮǞǩȵǫǬǡǬ ǬǲǦǯǞ Ǧ Ǡǯǣǳ ǲǦǩǦǞǩǬǠ Ǡ ǈǦǣǠǣ ǭǮǦǫȸǩǦ ǱȰǞǯǰǦǣ

ǟǬǩǣǣ 700 ǯǬǰǮǱǢǫǦǨǬǠ Ǧ ȰǩǣǫǬǠ Ǧǳ ǯǣǪǣǧ. ǐǞǨǤǣ ǨǬǪǞǫǢȴ ȯǣǫǰǮǞǩȵǫǬǡǬ

ǬǲǦǯǞ Ǧ ǲǦǩǦǞǩǬǠ ǭǮǣǢǯǰǞǠǩȸȷǰ ǨǬǪ-

ǭǞǫǦȷ Ǡ ǲǱǰǟǬǩȵǫȴǳ ǟǦǥǫǣǯ-ǰǱǮǫǦǮǞǳ ǑǨǮǞǦǫȴ. ǀ ǨǞǤǢǬǪ ǯǣǥǬǫǣ ǲǱǰǟǬǩȵǫǞȸ

ǨǬǪǞǫǢǞ «ǈǦǣǠǯǰǞǮ» ǥǞǫǦǪǞǣǰ ǭǮǦ-

ǥǬǠȴǣ ǪǣǯǰǞ, Ǟ Ǡ 2011 ǡǬǢǱ ǠȴǦǡǮǞǩǞ

ǈǱǟǬǨ ǰǱǮǫǦǮǬǠ.

ǀ 2011 ǡǬǢǱ Ǡ «ǈǦǣǠǯǰǞǮ» ǰǮǞǢǦȯǦǬǫ-

ǫǬ ǭǮǬǠǬǢǦǩǯȸ ǣǤǣǡǬǢǫȴǧ ǨǬǫǨǱǮǯ ǭǬ

ǠȴǟǬǮǱ ǩǱȰȱǦǳ ǯǬǰǮǱǢǫǦǨǬǠ ǨǬǪǭǞ-

ǫǦǦ. ǂǩȸ ǱȰǞǯǰǦȸ Ǡ ǨǬǫǨǱǮǯǣ ǯǞǪǦ ǯǬ-

ǰǮǱǢǫǦǨǦ ǫǬǪǦǫǦǮǬǠǞǩǦ 3406 ǨǬǩǩǣǡ, Ǧǥ ȰǦǯǩǞ ǨǬǰǬǮȴǳ ǟȴǩǦ ǬǭǮǣǢǣǩǣǫȴ

36 ǭǬǟǣǢǦǰǣǩǣǧ ǨǬǫǨǱǮǯǞ «ǏǬǥǠǣǥǢǦǣ

«ǈǦǣǠǯǰǞǮ» 2011». ǈǮǬǪǣ ȶǰǬǡǬ, 20 ǯǬ-

ǰǮǱǢǫǦǨǬǠ ǯǰǞǩǦ ǭǬǟǣǢǦǰǣǩȸǪǦ ǨǬǫǨǱǮ-

ǯǞ «ǉǱȰȱǦǧ ǯǬǰǮǱǢǫǦǨ ǲǦǩǦǞǩǞ 2011

ǡǬǢǞ», ǣȲǣ 8 – ǭǬǟǣǢǦǰǣǩȸǪǦ ǨǬǫǨǱǮǯǞ

«ǉǱȰȱǦǧ ǯǬǰǮǱǢǫǦǨ ǔǣǫǰǮǞ ǰǣǩǣǲǬǫǫǬ-

ǡǬ ǬǟǯǩǱǤǦǠǞǫǦȸ 2011 ǡǬǢǞ».

ǍǬ ǦǰǬǡǱ 2011 ǡǬǢǞ Ǡ ǦǯǯǩǣǢǬǠǞǫǦǦ

ǨǬǫǯǞǩǰǦǫǡǬǠǬǧ ǨǬǪǭǞǫǦǦ «ǛǮǫǯǰ ȶǫǢ

ǝǫǡ» «ǈǦǣǠǯǰǞǮ» ǭǬǩǱȰǦǩ ǭǣǮǠǬǣ Ǫǣ-

ǯǰǬ ǨǞǨ ǫǞǦǟǬǩǣǣ ǭǮǦǠǩǣǨǞǰǣǩȵǫȴǧ

ǮǞǟǬǰǬǢǞǰǣǩȵ ǑǨǮǞǦǫȴ. ǀ ǬǭǮǬǯǣ ǭǮǦ-

ǫȸǩǦ ǱȰǞǯǰǦǣ ǭǬȰǰǦ 3 ǰȴǯ. ǮǣǯǭǬǫǢǣǫ-

ǰǬǠ – ǭǮǣǢǯǰǞǠǦǰǣǩǦ ǰǬǭ-, ǯǰǞǮȱǣǡǬ Ǧ

ǯǮǣǢǫǣǡǬ ǪǣǫǣǢǤǪǣǫǰǞ, ǯǭǣȯǦǞǩǦǯǰȴ,

ǞǢǪǦǫǦǯǰǮǞǰǦǠǫȴǧ Ǧ ǪǩǞǢȱǦǧ ǭǣǮǯǬ-

ǫǞǩ. ǀ ȯǣǩǬǪ ǬǭǮǞȱǦǠǞǣǪȴǣ ǱǨǞǥǞǩǦ

464 ǨǬǪǭǞǫǦǦ ǨǞǨ ǭǬǰǣǫȯǦǞǩȵǫȴǳ ǮǞ-

ǟǬǰǬǢǞǰǣǩǣǧ. ǀǣǯǬǪǞȸ ǭǬǥǦȯǦȸ «ǈǦǣǠ-

ǯǰǞǮ» ǫǞ ǮȴǫǨǣ, ǮǞǥǠǦǰǞȸ ǨǬǮǭǬǮǞǰǦǠ-

ǫǞȸ ǨǱǩȵǰǱǮǞ, ǯǰǞǟǦǩȵǫǬǯǰȵ, ǠȴǯǬǨǦǧ

ǱǮǬǠǣǫȵ ǥǞǮǭǩǞǰ Ǧ ǠǬǥǪǬǤǫǬǯǰȵ Ǣǩȸ

ǮǬǯǰǞ – ǥǞ ǰǞǨǦǣ ǭǬǨǞǥǞǰǣǩǦ ǱǨǮǞǦǫ-

ǯǨǦǣ ǭǮǬǲǣǯǯǦǬǫǞǩȴ ǫǞǥǠǞǩǦ «ǈǦǣǠ-

ǯǰǞǮ» ǩǱȰȱǣǧ ǨǬǪǭǞǫǦǣǧ Ǣǩȸ ǰǮǱǢǬǱ-

ǯǰǮǬǧǯǰǠǞ.

ǀǧȶ ǯȮǜǭǮǤȶ Ǟ ǦǪǩǦǯǬǭǡ «ǍǪǣǞǡǣǠǤǡ

«ǆǤǡǞǭǮǜǬ» 2011» ǭǪǮǬǯǠǩǤǦǤ

ǩǪǨǤǩǤǬǪǞǜǧǤ 3406 ǦǪǧǧǡǟ, Ǥǣ ȮǤǭǧǜ

ǦǪǮǪǬȲǱ ǝȲǧǤ ǪǫǬǡǠǡǧǡǩȲ

36 ǫǪǝǡǠǤǮǡǧǡǥ


ǂǜǩǩǜ ǋǜǬǱǪǨǡǩǦǪ,

HLSIMUQS RQ MQSRQSDULFPÔ TFbKbO

ǂǜǩǩǜ ǋǜǬǱǪǨǡHLSIMUQS RQ MQSRQSDULF


ǋǞȱǞ ǥǞǢǞȰǞ – ǥǞȲǦǰǞ Ǧ ǮǞǥǠǦǰǦǣ

ǮǣǭǱǰǞȯǦǦ «ǈǦǣǠǯǰǞǮ». ǀ 2011 ǡǬǢǱ

Ǫȴ ǯǬǳǮǞǫǦǩǦ ǯǞǪǱȷ ǠȴǯǬǨǱȷ

ǮǣǭǱǰǞȯǦȷ ǯǮǣǢǦ ǰǣǩǣǨǬǪ-

ǬǭǣǮǞǰǬǮǬǠ ǪǦǮǞ

ОE]IHLPIPPDb MQODPHDRQ MQSRQSDULFPÔ TFbKbO


ǎǣǭǱǰǞȯǦȸ ǨǬǪǭǞǫǦǦ Ǧ ǨǬǮǭǬǮǞǰǦǠǫǞȸ ǯǬȯǦǞǩȵǫǞȸ ǬǰǠǣǰǯǰǠǣǫǫǬǯǰȵǋǞ ǭǮǬǰȸǤǣǫǦǦ Ǡǯǣǧ ǦǯǰǬǮǦǦ

«ǈǦǣǠǯǰǞǮ» ǠȴǯǬǨǬǣ ǨǞȰǣǯǰǠǬ

ǱǯǩǱǡ ǟȴǩǬ Ǧ ǬǯǰǞǣǰǯȸ ǟǞǥǬǠȴǪ

ǭǮǦǬǮǦǰǣǰǬǪ ǮǞǟǬǰȴ ǫǞȱǣǧ

ǨǬǪǭǞǫǦǦ. ƿǩǞǡǬǢǞǮȸ ȶǰǬǪǱ,

«ǈǦǣǠǯǰǞǮ» ǥǞǯǩǱǤǦǩ ǱǠǞǤǣǫǦǣ

Ǧ ǢǬǠǣǮǦǣ ǪǦǩǩǦǬǫǬǠ ǩȷǢǣǧ,

ǤǦǠǱȲǦǳ Ǡ ǑǨǮǞǦǫǣ. ǆǪǣǫǫǬ ǭǬ-

ȶǰǬǪǱ Ǡ 2011 ǡǬǢǱ Ǡ ǱǯǩǬǠǦȸǳ ǦǫǰǣǡǮǞȯǦǦ ǯ «Beeline-ǑǨǮǞǦǫǞ»

ǟȴǩǬ ǭǮǦǫȯǦǭǦǞǩȵǫǬ ǠǞǤǫǬ

ǱǨǮǣǭǦǰȵ ǮǣǭǱǰǞȯǦȷ ǬǟȳǣǢǦ-

ǫǣǫǫǬǡǬ «ǈǦǣǠǯǰǞǮ» – ǱǨǮǞǦǫ-

ǯǨǬǧ ǟǦǥǫǣǯ-ǣǢǦǫǦȯȴ Vimpelcom

LTD. ǆǯǯǩǣǢǬǠǞǫǦȸ Reputational

Institute ǭǬǨǞǥȴǠǞȷǰ, ȰǰǬ ǨǬǪ-

ǭǞǫǦȸ ǱǯǭǣȱǫǬ ǯǭǮǞǠǦǩǞǯȵ ǯ

ȶǰǬǧ ǥǞǢǞȰǣǧ. «ǈǦǣǠǯǰǞǮ» ǯǬǳǮǞ-

ǫǦǩ Ǡ 2011 ǡǬǢǱ ǯǞǪȴǧ ǠȴǯǬǨǦǧ

ǱǮǬǠǣǫȵ ǮǣǭǱǰǞȯǦǦ ǯǮǣǢǦ ǰǣǩǣ-

ǨǬǪ-ǬǭǣǮǞǰǬǮǬǠ ǪǦǮǞ Ǧ ǥǞǫȸǩ2-ǣ ǪǣǯǰǬ ǯǮǣǢǦ ǱǨǮǞǦǫǯǨǦǳ ǨǬǪǭǞǫǦǧ Ǡǯǣǳ ǬǰǮǞǯǩǣǧ ǯ ǯǞ-

ǪǬǧ ǯǦǩȵǫǬǧ ǮǣǭǱǰǞȯǦǣǧ. ǐǞǨǦǳ ǮǣǥǱǩȵǰǞǰǬǠ «ǈǦǣǠǯǰǞǮ» ǯǱǪǣǩ

ǢǬǯǰǦȰȵ ǟǩǞǡǬǢǞǮȸ ǭǮǞǠǦǩȵ-

ǫǬǧ ǮǞǟǬǰǣ ǯ ǨǩǦǣǫǰǞǪǦ, ǨǞȰǣ-

ǯǰǠǣǫǫǬǧ ǯǠȸǥǦ Ǧ ǬǟǯǩǱǤǦǠǞ-

ǫǦȷ, ǭǬǩǣǥǫȴǪ ǯǬǠǮǣǪǣǫǫȴǪ

ǭǮǬǢǱǨǰǞǪ Ǧ ǱǯǩǱǡǞǪ, ȰǣǰǨǬǪǱ

ǭǬǫǦǪǞǫǦȷ ǯǠǬǦǳ ȯǣǩǣǧ, ǬǰǠǣǰ-ǯǰǠǣǫǫǬǪǱ ǭǬǢǳǬǢǱ Ǩ ǮǞǟǬǰǣ Ǧ

ǡǮǞǪǬǰǫǬǪǱ ǱǭǮǞǠǩǣǫǦȷ ǮǣǭǱ-

ǰǞȯǦǣǧ.

ǏǮǣǢǦ ǡǩǞǠǫȴǳ ǭǮǬ-ǞǨǰǦǠǫȴǳ ǞǨȯǣǫǰǬǠ ǱǭǮǞǠǩǣǫǦȸ ǮǣǭǱǰǞ-

ȯǦǣǧ Ǡ 2011 ǡǬǢǱ ǟȴǩǦ: ǭǮǬǣǨǰ «ǍǬǢǣǩǦǰǣǯȵ ǩȷǟǬǠȵȷ Ǩ ǑǨǮǞ-

Ǧǫǣ», ǮȸǢ ǟǩǞǡǬǰǠǬǮǦǰǣǩȵǫȴǳ ǭǮǬǣǨǰǬǠ, ǰǞǨǤǣ ǮǞǥǠǦǰǦǣ ǢǦǞ-

ǩǬǡǞ ǯ ǨǩǦǣǫǰǞǪǦ ǫǞ ǯǬȯǦǞǩȵǫǬ-

ǪǣǢǦǧǫȴǳ ǭǩǬȲǞǢǨǞǳ.

ǂǦǞǩǬǡ ǯ ǭǬǰǮǣǟǦǰǣǩȸǪǦ Ǧ ǬǟȲǣǯǰǠǣǫǫǬǯǰȵȷ Ǡ ǯǬȯǦǞǩȵǫȴǳ ǦǫǰǣǮǫǣǰ-ǯǣǰȸǳ

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ǂǜǩǩǜ ǋǜǬǱǪǨǡǩǦǪ. ǆǫǰǣǮǫǣǰ ǭǮǣǢǬǯǰǞǠǩȸǣǰ ǨǬǪ-

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ǰǦǮǬǠǞǰȵ ǭǬ ǠǬǭǮǬǯǞǪ ǮǞǟǬǰȴ ǯǣǮǠǦǯǬǠ Ǧ ǭǮǬǢǱǨǰǬǠ Ǧ ǰ. Ǣ.

ǎǞǟǬǰǱ Ǡ ǯǬȯǦǞǩȵǫȴǳ ǯǣǰȸǳ, Ǡ ǨǞȰǣǯǰǠǣ ǬǰǢǣǩȵǫǬǡǬ ǫǞǭǮǞǠ-

ǩǣǫǦȸ, «ǈǦǣǠǯǰǞǮ» ǫǞȰǞǩ Ǡ 2009 ǡǬǢǱ. ǅǞ ȶǰǬ ǠǮǣǪȸ ǟȴǩǦ ǭǬ-

ǯǰǮǬǣǫȴ Ǧ ǬǭǰǦǪǦǥǦǮǬǠǞǫȴ ǭǮǬȯǣǯǯȴ, ǭǬǥǠǬǩȸȷȲǦǣ ǠǣǯǰǦ

ǢǦǞǩǬǡ ǯ ǩȷǢȵǪǦ Ǡ ǰǞǨǬǪ ǲǬǮǪǞǰǣ, ǮǞǥǮǞǟǬǰǞǫǞ Ǧ ǠǫǣǢǮǣǫǞ

ǯǰǮǞǰǣǡǦȸ ǨǬǪǪǱǫǦǨǞȯǦǧ «ǈǦǣǠǯǰǞǮ» Ǡ ǯǬȯǦǞǩȵǫȴǳ ǯǣǰȸǳ. ǋǞ

ǢǞǫǫȴǧ ǪǬǪǣǫǰ «ǈǦǣǠǯǰǞǮ» ǠǣǢǣǰ ǢǦǞǩǬǡ ǯ ǨǩǦǣǫǰǞǪǦ ǫǞ

Ǡǯǣǳ ǨǩȷȰǣǠȴǳ Ǡǣǟ-ǭǩǬȲǞǢǨǞǳ, ǡǢǣ ǭǮǬǦǯǳǬǢǦǰ ǬǟǯǱǤǢǣǫǦǣ

ǭǮǬǢǱǨǰǬǠ Ǧ ǱǯǩǱǡ ǬǭǣǮǞǰǬǮǞ. ǏǬǥǢǞǫȴ Ǧ ǞǨǰǦǠǫǬ ǲǱǫǨȯǦǬ-

ǫǦǮǱȷǰ ǬǲǦȯǦǞǩȵǫȴǣ ǭǮǣǢǯǰǞǠǦǰǣǩȵǯǰǠǞ «ǈǦǣǠǯǰǞǮ» Ǧ ǪǬ-

ǩǬǢǣǤǫǬǡǬ ǪǬǟǦǩȵǫǬǡǬ ǟǮǣǫǢǞ djuice Ǡ Facebook, ǀǈǬǫǰǞǨǰǣ,

YouTube, Twitter. ǀ ǫǞǯǰǬȸȲǣǣ ǠǮǣǪȸ ǫǞ ǯǬȯǦǞǩȵǫȴǳ ǦǫǰǣǮ-

ǫǣǰ-ǭǩǬȲǞǢǨǞǳ ǦǫǰǣǮǣǯȴ ǨǬǪǭǞǫǦǦ ǭǮǣǢǯǰǞǠǩȸǣǰ 17 ǯǬǰǮǱǢ-

ǫǦǨǬǠ ǦǫǰǣǮǫǣǰ-ǠǬǩǬǫǰǣǮǬǠ «ǈǦǣǠǯǰǞǮ».

ǀ ǮǣǥǱǩȵǰǞǰǣ «ǈǦǣǠǯǰǞǮ» Ǧ djuice ȸǠǩȸȷǰǯȸ ǯǞǪȴǪǦ ǭǬǥǦ-

ǰǦǠǫǬ ǱǭǬǪǦǫǞǣǪȴǪǦ ǰǣǩǣǨǬǪ-ǟǮǣǫǢǞǪǦ Ǡ ǱǨǮǞǦǫǯǨǬǪ Ǧǫ-

ǰǣǮǫǣǰǣ. ǏǬǡǩǞǯǫǬ ǦǯǯǩǣǢǬǠǞǫǦȷ ǪǬǫǦǰǬǮǦǫǡǬǠǬǧ ǨǬǪǭǞǫǦǦ

SemanticForce, ǱǭǬǪǦǫǞǣǪǬǯǰȵ «ǈǦǣǠǯǰǞǮ» Ǡ ǯǬȯǦǞǩȵǫȴǳ ǯǣ-

ǰȸǳ ǯ 2009 ǭǬ 2011 ǡǬǢ ǠǬǥǮǬǯǩǞ Ǡ 12 ǮǞǥ. ǌǟȲǣǣ ǨǬǩǦȰǣǯǰǠǬ

ǭǮǦǠǣǮǤǣǫȯǣǠ «ǈǦǣǠǯǰǞǮ» Ǧ djuice Ǡ ǯǬȯǯǣǰȸǳ ǭǮǣǠȴǯǦǩǬ150 ǰȴǯȸȰ ȰǣǩǬǠǣǨ. ƾ ǨǬǩǦȰǣǯǰǠǬ ǭǮǬǯǪǬǰǮǬǠ ǠǦǢǣǬǨǞǫǞǩǞ

«ǈǦǣǠǯǰǞǮ» ǫǞ YouTube ǭǣǮǣȱǞǡǫǱǩǬ ǬǰǪǣǰǨǱ 500 ǰȴǯȸȰ.

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«ǍǬǢǣǩǦǰǣǯȵ ǩȷǟǬǠȵȷ Ǩ ǑǨǮǞǦǫǣ»«ǈǦǣǠǯǰǞǮ» ǟȴǩ Ǧ ǬǯǰǞǣǰǯȸ ǫǞȯǦǬǫǞǩȵ-

ǫȴǪ ǩǦǢǣǮǬǪ ǰǣǩǣǨǬǪǞ Ǡ ǑǨǮǞǦǫǣ, ǨǬǪ-

ǭǞǫǦǣǧ, ǨǬǰǬǮǞȸ ǦǯǨǮǣǫǫǣ ǩȷǟǦǰ Ǧ ǢǣǩǞ-

ǣǰ Ǡǯǣ ǠǬǥǪǬǤǫǬǣ Ǣǩȸ ǮǞǥǠǦǰǦȸ ǯǠǬǣǧ

ǯǰǮǞǫȴ. ǀ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǮǣȱǦǩ

ǠǬǠǩǣȰȵ ǱǨǮǞǦǫȯǣǠ Ǡ ǭǮǞǨǰǦȰǣǯǨǦ ǫǞ-

ȯǦǬǫǞǩȵǫǬǣ ǦǫǰǣǮǫǣǰ-ǢǠǦǤǣǫǦǣ, ȯǣǩȵ

ǨǬǰǬǮǬǡǬ – ǱǨǮǣǭǦǰȵ ǩȷǟǬǠȵ ǱǨǮǞǦǫȯǣǠ

Ǩ ǯǠǬǣǧ ǯǰǮǞǫǣ. ǂǩȸ ȶǰǬǡǬ ǬǭǣǮǞǰǬǮ ǯǬǥ-ǢǞǩ ǪǫǬǡǬǲǱǫǨȯǦǬǫǞǩȵǫȴǧ ǦǫǰǣǮǫǣǰ ǭǬǮǰǞǩ iloveukraine.com.ua, ǡǢǣ ǨǞǤǢȴǧ

ǤǣǩǞȷȲǦǧ ǪǬǡ ǠȴǩǬǤǦǰȵ ǩȷǟǦǪȴǣ

ǲǬǰǬǡǮǞǲǦǦ ǑǨǮǞǦǫȴ, ǮǞǯǯǨǞǥǞǰȵ Ǭ ǭǬ-

ǩǣǥǫȴǳ ǪǞǮȱǮǱǰǞǳ ǭǱǰǣȱǣǯǰǠǦǧ, ǭǬǢǣ-

ǩǦǰȵǯȸ ǦǫǰǣǮǣǯǫȴǪǦ ǲǞǨǰǞǪǦ ǦǯǰǬǮǦǦ.

ǋǞ ǯǣǡǬǢǫȸȱǫǦǧ Ǣǣǫȵ ȶǰǞ ǭǩǬȲǞǢǨǞ

ǯǰǞǩǞ ǬǡǮǬǪǫǬǧ ǟǞǥǬǧ ǥǫǞǫǦǧ Ǭ ǯǰǮǞǫǣ

Ǧ ǣǣ ǢǬǯǰǬǭǮǦǪǣȰǞǰǣǩȵǫǬǯǰȸǳ – ǨǞǨ ǱǤǣ

ǭǬǭǱǩȸǮǫȴǳ, ǰǞǨ ǢǬ ǯǦǳ ǭǬǮ ǫǣǦǥǠǣǯǰ-ǫȴǳ. ǅǞ ǭǬǩǡǬǢǞ ǢǣǧǯǰǠǦȸ ǭǬǮǰǞǩǞ ǭǬȰǰǦ850 ǰȴǯȸȰ ǱǨǮǞǦǫȯǣǠ ǭǬǯǣǰǦǩǦ ǯǞǧǰ Ǧ

ǭǮǦǯǬǣǢǦǫǦǩǦǯȵ Ǩ ǭǮǬǣǨǰǱ.

ǊǝȰǡǡ ǦǪǧǤȮǡǭǮǞǪ

ǫǬǤǞǡǬǢǡǩȭǡǞ

«ǆǤǡǞǭǮǜǬ» Ǥ djuice

Ǟ ǭǪȭǭǡǮȶǱ ǫǬǡǞȲǭǤǧǪ150 ǮȲǭȶȮ ȮǡǧǪǞǡǦ


ǏǬȯǦǞǩȵǫǞȸ ǭǮǬǡǮǞǪǪǞ «ƿǣǥǬǭǞǯǫǬǯǰȵ Ǣǣǰǣǧ Ǡ ǦǫǰǣǮǫǣǰǣ»ǂǬǩǡǬǯǮǬȰǫǞȸ ǯǬȯǦǞǩȵǫǞȸ ǭǮǬǡǮǞǪǪǞ

«ƿǣǥǬǭǞǯǫǬǯǰȵ Ǣǣǰǣǧ Ǡ ǦǫǰǣǮǫǣǰǣ» ǫǞ-

ȰǞǰǞ ǨǬǪǭǞǫǦǣǧ «ǈǦǣǠǯǰǞǮ» Ǡ 2009 ǡǬǢǱǯ ȯǣǩȵȷ ǫǞǱȰǦǰȵ Ǣǣǰǣǧ ǭǮǞǠǦǩǞǪ Ǭǫ-

ǩǞǧǫ-ǟǣǥǬǭǞǯǫǬǯǰǦ, ǯǭǬǯǬǟǯǰǠǱȸ ǯǬǥ-

ǢǞǫǦȷ ǰǣǮǮǦǰǬǮǦǦ ǟǣǥǬǭǞǯǫǬǡǬ Ǧǫ-

ǰǣǮǫǣǰǞ Ǣǩȸ ǬǟȲǣǫǦȸ, ǬǟǮǞǥǬǠǞǫǦȸ Ǧ

ǮǞǥǠǦǰǦȸ. ǀ 2011 ǡǬǢǱ ǮǞǟǬǰǞ Ǡ ǮǞǪǨǞǳ ȶǰǬǧ ǭǮǬǡǮǞǪǪȴ ǟȴǩǞ ǭǮǬǢǬǩǤǣǫǞ.

ВPIHSIPD VPLMDN_PDb PD UINIMQO-S^PMI УMSDLP^ EITRNDUPDb TQYL-

DN_PDb VTNVGD «РQHLUIN_TML確 MQPUSQN_» HNb OQELN_PQGQ LPUISPIUD,

MQUQSDb QUMS^FDIU HQTUVR UQN_MQ M «EINQOV TRLTMV» EIKQRDTP^X

HIUTMLX TD確UQF

ПQHRLTDP МIOQSDPHVO Q TQUSVHPLZITUFI T МLPLTUISTUFQO QESDKQFD-

PLb L PDVML УMSDLP^; RQHMNaZIPQ M EITRNDUPQOV TMQSQTUPQOV LPUIS-

PIUV EQNII 200 [MQN RQ FTI確 TUSDPI

ИPWQSODYLQPPQ確 SDEQUQ確 RQ QEVZIPLa [MQN_PLMQF QTPQFDO QPND確P-

EIKQRDTPQTUL QXFDZIPQ QMQNQ 5000 VZLUINI確

ВQNQPUISDOL «КLIFTUDS» RSQFIHIP^ QUMSÛÎ VSQML L LGSQFÎ TIOL-

PDS^ RQ QPND確P-EIKQRDTPQTUL HNb EQNII 2500 HIUI確 F QE¥IQESDKQFD-

UIN_P^X [MQNDX L HIUTMLX NDGISbX

ǈǞǨ ǮǣǥǱǩȵǰǞǰ – ǯǬȯǦǞǩȵǫǞȸ ǭǮǬǡǮǞǪǪǞ

«ƿǣǥǬǭǞǯǫǬǯǰȵ Ǣǣǰǣǧ Ǡ ǦǫǰǣǮǫǣǰǣ» ǭǮǦ-

ǥǫǞǫǞ ǩǱȰȱǦǪ ǠǬǩǬǫǰǣǮǯǨǦǪ ǭǮǬǣǨǰǬǪ

Ǡ ǑǨǮǞǦǫǣ Ǡ ǫǬǪǦǫǞȯǦǦ «ǌǟǮǞǥǬǠǞǫǦǣ

Ǧ ǨǱǩȵǰǱǮǞ» ǭǬ ǮǣǥǱǩȵǰǞǰǞǪ ǠǯǣǱǨǮǞ-

ǦǫǯǨǬǡǬ ǨǬǫǨǱǮǯǞ «ǈǬǮǭǬǮǞǰǦǠǫǬǣ ǠǬ-

ǩǬǫǰǣǮǯǰǠǬ Ǡ ǑǨǮǞǦǫǣ – 2011», ǬǮǡǞǫǦ-

ǥǬǠǞǫǫǬǡǬ ǒǬǫǢǬǪ ǀǬǯǰǬȰǫǞȸ ǃǠǮǬǭǞ.

ǐǣǩǣǨǬǪǪǱǫǦǨǞȯǦǬǫǫȴǪǦ ǱǯǩǱǡǞǪǦ

«ǈǦǣǠǯǰǞǮ» ǭǬǩȵǥǱȷǰǯȸ ǬǨǬǩǬ 25 Ǫǩǫ

ǱǨǮǞǦǫȯǣǠ, ǢǬǠǬǩȵǫǬ ǥǫǞȰǦǰǣǩȵǫǞȸ

ȰǞǯǰȵ ǭǬǩȵǥǬǠǞǰǣǩǣǧ – ȶǰǬ ǢǣǰǦ. ǌǰǠǣǰ-ǯǰǠǣǫǫǬǯǰȵ ǥǞ ǯǬǟǯǰǠǣǫǫȴǣ ǭǮǬǢǱǨǰȴ Ǧ

ǱǯǩǱǡǦ – ǬǢǫǬ Ǧǥ ǡǩǞǠǫȴǳ ǫǞǭǮǞǠǩǣǫǦǧ

ǯǬȯǦǞǩȵǫǬǧ ǬǰǠǣǰǯǰǠǣǫǫǬǯǰǦ «ǈǦǣǠ-

ǯǰǞǮ». ǀ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǭǮǬǢǬǩ-

ǤǞǩ ǯǦǯǰǣǪǫǬ ǮǞǥǠǦǠǞǰȵ ǯǬȯǦǞǩȵǫȴǣ

ǦǫǦȯǦǞǰǦǠȴ Ǡ ǯǠǬǦǳ ǫǞǭǮǞǠǩǣǫǦȸǳ Ǭǰ-ǠǣǰǯǰǠǣǫǫǬǯǰǦ ǥǞ ǭǮǬǢǱǨǰȴ Ǧ ǱǯǩǱǡǦ,

ǨǬǮǭǬǮǞǰǦǠǫǬǧ ǲǦǩǞǫǰǮǬǭǦǦ Ǧ ȶǨǬǩǬ-

ǡǦȰǣǯǨǬǧ ǬǰǠǣǰǯǰǠǣǫǫǬǯǰǦ.

ǍǪȭǤǜǧȳǩǜȶ

ǫǬǪǟǬǜǨǨǜ

«ƽǡǣǪǫǜǭǩǪǭǮȳ

ǠǡǮǡǥǞ ǤǩǮǡǬǩǡǮǡ»

ǫǬǤǣǩǜǩǜ ǧǯȮȯǤǨ

ǞǪǧǪǩǮǡǬǭǦǤǨ

ǫǬǪǡǦǮǪǨǞ ǏǦǬǜǤǩǡ


ǀǯǣǱǨǮǞǦǫǯǨǞȸ ǟǩǞǡǬǰǠǬǮǦǰǣǩȵǫǞȸ ǦǫǦȯǦǞǰǦǠǞ «ǂǩȸ ǩȷǢǣǧ, Ǣǩȸ ǯǰǮǞǫȴ!»«ǈǦǣǠǯǰǞǮ» ǱǤǣ ǭǬȰǰǦ 10 ǩǣǰ ǮǣǞǩǦǥǱǣǰ ǪǞǯȱǰǞǟǫǱȷ ǟǩǞǡǬǰǠǬǮǦǰǣǩȵǫǱȷ ǦǫǦ-

ȯǦǞǰǦǠǱ «ǂǩȸ ǩȷǢǣǧ, Ǣǩȸ ǯǰǮǞǫȴ», ǯǦ-

ǯǰǣǪǫǬ ǭǬǪǬǡǞȸ ǰǣǪ, ǨǰǬ ǟǬǩȵȱǣ ǠǯǣǡǬǠ ȶǰǬǪ ǫǱǤǢǞǣǰǯȸ – ǭǮǣǤǢǣ ǠǯǣǡǬ, ǢǣǰȸǪ

ǯ ǦǫǠǞǩǦǢǫǬǯǰȵȷ Ǧ ǢǣǰȸǪ, ǩǦȱǣǫǫȴǪ

ǮǬǢǦǰǣǩȵǯǨǬǧ ǬǭǣǨǦ. ǀ 65 ǦǫǰǣǮǫǞǰǞǳ Ǧ ǢǣǰǯǨǦǳ ǢǬǪǞǳ, ǯ ǨǬǰǬǮȴǪǦ ǯǬǰǮǱǢ-

ǫǦȰǞǣǰ ǨǬǪǭǞǫǦȸ, ǱȰǞǰǯȸ Ǧ ǤǦǠǱǰ ǟǬǩǣǣ

10 ǰȴǯȸȰ Ǣǣǰǣǧ ǯ ǭǮǬǟǩǣǪǞǪǦ ǥǢǬǮǬǠȵȸ

Ǧ Ǣǣǰǣǧ-ǯǦǮǬǰ. ǌǯǫǬǠǫǬǧ ǲǬǨǱǯ ǠǫǦǪǞ-

ǫǦȸ 2011 ǡǬǢǞ – ǭǬǪǬȲȵ ǢǣǰȸǪ Ǧ ǪǬ-

ǩǬǢǣǤǦ ǯ ǫǞǮǱȱǣǫǦȸǪǦ ǬǭǬǮǫǬ-ǢǠǦǡǞ-

ǰǣǩȵǫǬǡǬ ǞǭǭǞǮǞǰǞ. ǂǩȸ ǫǦǳ «ǈǦǣǠǯǰǞǮ»

ǬǟǱǯǰǮǬǦǩ ǪǱǩȵǰǦǪǣǢǦǧǫȴǣ ǨǬǪǫǞǰȴ

Ǡ 10 ǯǭǣȯǦǞǩȵǫȴǳ ǬǟȲǣǬǟǮǞǥǬǠǞǰǣǩȵ-

ǫȴǳ ȱǨǬǩǞǳ-ǦǫǰǣǮǫǞǰǞǳ Ǧ ǯǬǥǢǞǩ ǯǣǮǦȷ

ǠǦǢǣǬ ǪǞǯǰǣǮ-ǨǩǞǯǯǬǠ ǭǬ ǭǮǬǲǣǯǯǦǬ-

ǫǞǩȵǫǬǧ ǬǮǦǣǫǰǞȯǦǦ, ǭǮǦǡǩǞǯǦǠ ǩǱȰȱǦǳ ȶǨǯǭǣǮǰǬǠ. ǈ ǋǬǠǬǪǱ ǡǬǢǱ ǯǬǰǮǱǢǫǦǨǦ

«ǈǦǣǠǯǰǞǮ» ǯǬǟǮǞǩǦ ǟǬǩǣǣ 5000 ǭǬ-

ǢǞǮǨǬǠ, Ǟ 100 ǠǬǩǬǫǰǣǮǬǠ ǨǬǪǭǞǫǦǦ

ǭǬǢǞǮǦǩǦ ǫǬǠǬǡǬǢǫǦǣ ǯǭǣǨǰǞǨǩǦ ǢǣǰȸǪ

ǭǬǢȱǣǲǫȴǳ ǦǫǰǣǮǫǞǰǬǠ. ǀ ǬǟȲǣǧ ǯǩǬǤ-

ǫǬǯǰǦ ǯǬǰǮǱǢǫǦǨǦ ǯȴǡǮǞǩǦ 13 ǭǮǣǢ-

ǯǰǞǠǩǣǫǦǧ Ǡ 10 ǡǬǮǬǢǞǳ ǑǨǮǞǦǫȴ Ǣǩȸ

ǟǬǩǣǣ 1500 ǠǬǯǭǦǰǞǫǫǦǨǬǠ ǢǣǰǯǨǦǳ ǢǬ-

ǪǬǠ Ǧ ǦǫǰǣǮǫǞǰǬǠ.

ǐǞǨǤǣ ǫǞ ǮǣǡǱǩȸǮǫǬǧ ǬǯǫǬǠǣ «ǈǦǣǠ-

ǯǰǞǮ» ǬǨǞǥȴǠǞǣǰ ǭǬǪǬȲȵ 3500 ǬǢǦ-

ǫǬǨǦǪ ǭǬǤǦǩȴǪ ǩȷǢȸǪ Ǡ 11 ǡǣǮǦǞ-

ǰǮǦȰǣǯǨǦǳ ȯǣǫǰǮǞǳ ǭǬ Ǡǯǣǧ ǑǨǮǞǦǫǣ,

ǯǭǬǯǬǟǯǰǠǱȸ ǮǣȱǣǫǦȷ ǰǣǨǱȲǦǳ ǟȴǰǬ-

Ǡȴǳ ǭǮǬǟǩǣǪ.

ǍǮǬǡǮǞǪǪǞ ȶǨǬǩǬǡǦȰǣǯǨǬǧ ǬǰǠǣǰǯǰǠǣǫǫǬǯǰǦ«ǈǦǣǠǯǰǞǮ» ǯ 2008 ǡǬǢǞ ǮǣǞǩǦǥǱǣǰ ǍǮǬ-

ǡǮǞǪǪǱ ȶǨǬǩǬǡǦȰǣǯǨǬǧ ǬǰǠǣǰǯǰǠǣǫǫǬǯǰǦ

Ǡ ǰǮǣǳ ǬǯǫǬǠǫȴǳ ǫǞǭǮǞǠǩǣǫǦȸǳ: ǭǮǦǪǣ-

ǫǣǫǦǣ ȶǫǣǮǡǬǯǟǣǮǣǡǞȷȲǦǳ ǰǣǳǫǬǩǬǡǦǧǫǞ ǮǞǥǫȴǳ ǱȰǞǯǰǨǞǳ ǟǦǥǫǣǯǞ, ǥǞǪǣǫǞ ǟǱ-ǪǞǤǫǬǡǬ ǢǬǨǱǪǣǫǰǬǬǟǬǮǬǰǞ ǫǞ ȶǩǣǨǰǮǬǫ-

ǫȴǧ, ȶǨǬǩǬǡǦȰǣǯǨǦǣ ǦǫǦȯǦǞǰǦǠȴ. ǀ 2011

ǡǬǢǱ Ǡ ǮǞǪǨǞǳ ǭǮǬǣǨǰǞ ǠǬǩǬǫǰǣǮȴ «ǈǦǣǠ-

ǯǰǞǮ» ǬǥǣǩǣǫȸǩǦ Ǧ ǟǩǞǡǬǱǯǰǮǞǦǠǞǩǦ ǡǬǮǬ-

ǢǞ ǑǨǮǞǦǫȴ, ǠȴǯǞǤǦǠǞǩǦ ȯǠǣǰȴ Ǧ ǢǣǮǣ-

Ǡȵȸ, ǱǟǦǮǞǩǦ ǥǣǩǣǫȴǣ ǰǣǮǮǦǰǬǮǦǦ. ǐǞǨǤǣǠ ǡǩǞǠǫǬǪ ǬǲǦǯǣ ǨǬǪǭǞǫǦǦ Ǡ ǈǦǣǠǣ ǟȴǩǞ

ǱǯǰǞǫǬǠǩǣǫǞ ǠǣǩǬǯǦǭǣǢǫǞȸ ǭǞǮǨǬǠǨǞ.

ǀ Ǣǣǫȵ ǭǮǞǥǢǫǦǨǞ ǍǬǟǣǢȴ – 9 ǪǞȸ –

«ǈǦǣǠǯǰǞǮ» ǰǮǞǢǦȯǦǬǫǫǬ ǭǮǬǠǣǩ ǞǨȯǦȷ

«ǅǠǬǫǬǨ ǲǮǬǫǰǬǠǬǪǱ ǢǮǱǡǱ». ǀǣǰǣǮǞǫȴ

Ǧ ǢǣǰǦ ǠǬǧǫȴ ǪǬǡǩǦ ǰǮǞǢǦȯǦǬǫǫǬ ǟǣǯ-

ǭǩǞǰǫǬ ǭǬǥǠǬǫǦǰȵ ǠǯǣǪ ǯǠǬǦǪ ǢǮǱǥȵȸǪ

Ǧ ǟǩǦǥǨǦǪ Ǡ ǑǨǮǞǦǫǣ, ƿǣǩǞǮǱǯǦ Ǧ ǎǬǯ-

ǯǦǦ. ǀ ǬǟȲǣǧ ǯǩǬǤǫǬǯǰǦ ǡǣǮǬǦ ǠǬǧǫȴ

ǯǬǠǣǮȱǦǩǦ ǬǨǬǩǬ 2000 ǥǠǬǫǨǬǠ. ǏǬ-

ǰǮǱǢǫǦǨǦ «ǈǦǣǠǯǰǞǮ» Ǡ ǨǞȰǣǯǰǠǣ ǭǬǢǞǮ-

ǨǞ ǬǮǡǞǫǦǥǬǠǞǩǦ ǢǬǟǮǬǠǬǩȵǫȴǣ ǨǬǫ-

ȯǣǮǰȴ ǭǣǯǣǫ ǠǬǣǫǫȴǳ ǩǣǰ Ǡ 18 ǡǬǮǬǢǞǳ ǑǨǮǞǦǫȴ.


ǂǣȸǰǣǩȵǫǬǯǰȵ «ǈǦǣǠǯǰǞǮ» ǰǣǯǫǬ ǯǠȸǥǞǫǞ ǯ ǤǦǥǫȵȷ ǬǟȲǣǯǰǠǞ –

ǠǣǢȵ ǨǞǤǢȴǧ ǠǰǬǮǬǧ ǱǨǮǞǦǫǣȯ ǱǤǣ ǠȴǟǮǞǩ ǫǞȱǦ ǱǯǩǱǡǦ.

Ǌȴ ǱǭǬǮǫǬ ǮǞǟǬǰǞǣǪ, ȰǰǬǟȴ ǯǢǣǩǞǰȵ ǯǬǠǮǣǪǣǫǫȴǣ ǰǣǩǣǨǬǪ-

ǰǣǳǫǬǩǬǡǦǦ ǢǬǯǰǱǭǫȴǪǦ Ǣǩȸ ǨǞǤǢǬǡǬ. ǍǮǣǢǬǯǰǞǠǩȸȸ ǱǯǩǱǡǦ

ǠȴǯǬȰǞǧȱǣǡǬ ǨǞȰǣǯǰǠǞ, Ǫȴ ǱǩǱȰȱǞǣǪ ǤǦǥǫȵ ǩȷǢǣǧ Ǧ Ǡǯǣǧ ǯǰǮǞǫȴ.

Ǌȴ ǭǮǦǫǦǪǞǣǪ ǬǰǠǣǰǯǰǠǣǫǫȴǣ ǟǦǥǫǣǯ-ǮǣȱǣǫǦȸ, ǭǮǦǬǟȲǞǣǪǯȸ

Ǩ ǮǣȱǣǫǦȷ ǞǨǰǱǞǩȵǫȴǳ ǯǬȯǦǞǩȵǫȴǳ ǭǮǬǟǩǣǪ Ǧ ǯ ǩȷǟǬǠȵȷ

ǥǞǟǬǰǦǪǯȸ Ǭ ǰǣǳ, ǨǰǬ ǟǬǩȵȱǣ ǠǯǣǡǬ Ǡ ȶǰǬǪ ǫǱǤǢǞǣǰǯȸ.

ПSDKHPQFDPLI ДPb НIKDFLTLOQTUL


«ПSQEIG RQH MD[UDPDOL»,

МD確HDP НIKDNIJPQTUL, КLIF


ǎǜǮȳȶǩǜ ǍǯǨǤǩǜ,

HLSIMUQS RQ MQSRQSDULFPQ確

TUSDUIGLL


ǏǰǮǞǰǣǡǦȰǣǯǨǦǧ ǮǣǥǱǩȵǰǞǰ ǦǫǰǣǡǮǞȯǦǦ «ǈǦǣǠǯǰǞǮ»

Ǧ «Beeline-ǑǨǮǞǦǫǞ» –

Ǧǥ ǪǬǟǦǩȵǫǬǡǬ ǬǭǣǮǞǰǬǮǞ ǨǬǪǭǞǫǦȸ

ǭǮǣǠǮǞǰǦǩǞǯȵ Ǡ ǪǱǩȵǰǦǯǣǮǠǦǯǫǬǡǬ

ǬǭǣǮǞǰǬǮǞ


TUSDUIGQF


ǏǰǮǞǰǣǡǦȸǦ ǮǞǥǠǦǰǦǣ ǨǬǪǭǞǫǦǦ

ǈǬǮǭǬǮǞǰǦǠǫǞȸ ǯǰǮǞǰǣǡǦȸ «ǈǦǣǠ-

ǯǰǞǮ» ǠǯǣǡǢǞ ǬǯǫǬǠȴǠǞǩǞǯȵ ǫǞ ǲǦǩǬ-

ǯǬǲǦǦ ǩǦǢǣǮǯǰǠǞ, Ǧ 2011 ǡǬǢ ǫǣ ǯǰǞǩ

ǦǯǨǩȷȰǣǫǦǣǪ. ǌǯǫǬǠǫȴǣ ȯǣǩǦ ǨǬǪ-

ǭǞǫǦǦ ǥǞǨǩȷȰǞǩǦǯȵ Ǡ ǭǮǣǢǬǯǰǞǠǩǣ-

ǫǦǦ ǩǱȰȱǣǡǬ ǫǞ ǮȴǫǨǣ ǑǨǮǞǦǫȴ ǨǩǦ-

ǣǫǰǯǨǬǡǬ ǬǭȴǰǞ ǭǱǰǣǪ ǬǟǣǯǭǣȰǣǫǦȸ

ǩǦǢǣǮǯǰǠǞ Ǡ ǯǣǡǪǣǫǰǞǳ ǪǬǟǦǩȵǫǬǡǬ

ǟǦǥǫǣǯǞ , ǠȴǯǬǨǬǯǨǬǮǬǯǰǫǬǡǬ Ǧǫ-

ǰǣǮǫǣǰǞ, Ǟ ǰǞǨǤǣ ȯǦǲǮǬǠȴǳ ǪǣǢǦǞ.

ǍǬ ǠǯǣǪ ȶǰǦǪ ǫǞǭǮǞǠǩǣǫǦȸǪ «ǈǦǣǠ-

ǯǰǞǮ» ǱǢǞǩǬǯȵ ǢǬǟǦǰȵǯȸ ǠȴǭǬǩǫǣǫǦȸ

ǭǬǯǰǞǠǩǣǫǫȴǳ ȯǣǩǣǧ.

«ǈǦǣǠǯǰǞǮ» – ȃ1 ǫǞ ǪǬǟǦǩȵǫǬǪ Ǯȴǫ-

Ǩǣ ǨǞǨ ǭǬ ǮǞǥǪǣǮǞǪ ǞǟǬǫǣǫǰǯǨǬǧ

ǟǞǥȴ, ǰǞǨ Ǧ ǭǬ ǱǮǬǠǫȷ ǩǬȸǩȵǫǬǯǰǦ

ǨǩǦǣǫǰǬǠ. ǆǫǢǣǨǯ ǭǮǣǢǭǬȰǰǣǫǦȸ

ǟǮǣǫǢǞ «ǈǦǣǠǯǰǞǮ» ǭǮǬǢǣǪǬǫǯǰǮǦǮǬ-

ǠǞǩ ǮǬǯǰ Ǡ ǰǣȰǣǫǦǣ 2011 ǡǬǢǞ Ǧ ǢǬǯǰǦǡ ǫǞǦǠȴǯȱǦǳ ǫǞ ǮȴǫǨǣ ǑǨǮǞǦǫȴ 45%.

ǀ ǯǣǡǪǣǫǰǣ ǠȴǯǬǨǬǯǨǬǮǬǯǰǫǬǡǬ Ǧǫ-

ǰǣǮǫǣǰǞ ǬǟǣǯǭǣȰǣǫǞ ǠȴǯǬǨǞȸ ǢǦǫǞ-

ǪǦǨǞ ǮǬǯǰǞ ǬǟȳǣǪǬǠ ǭǣǮǣǢǞȰǦ ǢǞǫ-

ǫȴǳ. ǀ ǢǬǭǬǩǫǣǫǦǣ Ǩ ȶǰǬǪǱ ǨǬǪǭǞǫǦȸ

ȸǠǩȸǣǰǯȸ ǫǣ ǰǬǩȵǨǬ ǩǦǢǣǮǬǪ, ǫǬ Ǧ Ǭǯ-ǫǬǠǬǭǬǩǬǤǫǦǨǬǪ ǫǞǭǮǞǠǩǣǫǦȸ ǪǱǩȵ-

ǰǦǪǣǢǦǧǫȴǳ ǱǯǩǱǡ Ǡ ǑǨǮǞǦǫǣ.

ǍǬǪǦǪǬ ǭǬǯǰǬȸǫǫǬǡǬ ǭǬǦǯǨǞ ǨǬǪǭǞ-

ǫǦǣǧ ǫǬǠȴǳ ǠǬǥǪǬǤǫǬǯǰǣǧ ǮǞǥǠǦǰǦȸ,

Ǟ ǰǞǨǤǣ ǮǣǞǩǦǥǞȯǦǦ ǯǰǮǞǰǣǡǦȰǣǯǨǦǳ ǭǮǬǣǨǰǬǠ, ǫǞǭǮǞǠǩǣǫǫȴǳ ǫǞ Ǭǟǣǯǭǣ-

ȰǣǫǦǣ ǢǬǩǡǬǯǮǬȰǫǬǧ ǯǰǞǟǦǩȵǫǬǯǰǦ

ǟǦǥǫǣǯǞ, 2011 ǡǬǢ ǭǮǬȱǣǩ Ǣǩȸ «ǈǦ-

ǣǠǯǰǞǮ» ǭǬǢ ǥǫǞǨǬǪ ǬǟȳǣǢǦǫǣǫǦȸ ǯ

«Beeline-ǑǨǮǞǦǫǞ» Ǧ ǮǣǞǩǦǥǞȯǦǦ ǯǱ-

ȲǣǯǰǠǣǫǫǬǡǬ ǬǟȳǣǪǞ ǦǫǰǣǡǮǞȯǦǬǫ-

ǫȴǳ ǮǞǟǬǰ.

ǏǰǮǞǰǣǡǦȰǣǯǨǦǪ ǮǣǥǱǩȵǰǞǰǬǪ ǦǫǰǣǡǮǞ-

ȯǦǦ ǯǰǞǩǬ ǦǥǪǣǫǣǫǦǣ ǟǦǥǫǣǯ-ǪǬǢǣǩǦ

«ǈǦǣǠǯǰǞǮ»: Ǧǥ ǪǬǟǦǩȵǫǬǡǬ ǬǭǣǮǞǰǬǮǞ

ǨǬǪǭǞǫǦȸ ǭǮǣǠǮǞǰǦǩǞǯȵ Ǡ ǪǱǩȵǰǦǯǣǮ-

ǠǦǯǫǬǡǬ ǬǭǣǮǞǰǬǮǞ, ǭǮǣǢǬǯǰǞǠǩȸȷ-

ȲǞȸ Ǡǣǯȵ ǯǭǣǨǰǮ ǰǣǩǣǨǬǪ-ǱǯǩǱǡ Ǧǥ

ǬǢǫǦǳ ǮǱǨ. ǛǰǬ ǭǬǥǠǬǩǦǩǬ ǱǭǮǬȰǦǰȵ

ǩǦǢǣǮǯǰǠǬ Ǡ ǪǬǟǦǩȵǫǬǪ ǯǣǡǪǣǫǰǣ Ǧ Ǡ

ǨǮǞǰȰǞǧȱǦǣ ǯǮǬǨǦ ǥǞǫȸǰȵ ǩǦǢǦǮǱȷ-

ȲǦǣ ǭǬǥǦȯǦǦ ǫǞ ǮȴǫǨǣ ǲǦǨǯǦǮǬǠǞǫǫǬǧ

ǰǣǩǣǲǬǫǦǦ Ǧ ǢǬǯǰǱǭǞ Ǡ ǦǫǰǣǮǫǣǰ.

ǍǮǬȯǣǯǯ ǦǫǰǣǡǮǞȯǦǦ ǠǨǩȷȰǞǩ Ǡ ǯǣǟȸ

ǮǣǞǩǦǥǞȯǦȷ ǟǬǩǣǣ 50 ǦǫǦȯǦǞǰǦǠ

ǭǬ ǰǮǣǪ ǬǯǫǬǠǫȴǪ ǫǞǭǮǞǠǩǣǫǦȸǪ –

«ǊǞǮǨǣǰǦǫǡ Ǧ ǭǮǬǢǞǤǦ», «Ǐǣǰȵ Ǧ IT»,

«ǍǬǢǢǣǮǤǨǞ ǟǦǥǫǣǯǞ» – ǬǟǣǯǭǣȰǦ-

ǠǞȷȲǦǳ ǬǟȳǣǢǦǫǣǫǦǣ Ǡǯǣǳ ǞǯǭǣǨǰǬǠ

ǬǭǣǮǞȯǦǬǫǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ ǢǠǱǳ ǨǬǪǭǞǫǦǧ. ǛǲǲǣǨǰǦǠǫǞȸ ǮǞǟǬǰǞ

ǬǟȳǣǢǦǫǣǫǫǬǧ ǨǬǪǞǫǢȴ «ǈǦǣǠǯǰǞǮ»

ǭǬǥǠǬǩǦǩǞ ǬǟǣǯǭǣȰǦǰȵ ǦǫǰǣǡǮǞȯǦȷ

ǞǟǬǫǣǫǰǯǨǦǳ ǟǞǥ, ǰǣǳǫǦȰǣǯǨǬǧ Ǧǫ-

ǲǮǞǯǰǮǱǨǰǱǮȴ, ǭǮǬȯǣǯǯǬǠ ǪǞǮǨǣǰǦǫ-

ǡǞ Ǧ ǭǮǬǢǞǤ, Ǟ ǰǞǨǤǣ ǨǩȷȰǣǠȴǳ ǟǦǥ-

ǫǣǯ-ǭǮǬȯǣǯǯǬǠ ǨǬǪǭǞǫǦǦ. ǀ ǰǣȰǣǫǦǣ2011 ǡǬǢǞ «ǈǦǣǠǯǰǞǮ» ǢǬǯǮǬȰǫǬ Ǯǣ-

ǞǩǦǥǬǠǞǩ ǟǬǩȵȱǱȷ ȰǞǯǰȵ 5-ǩǣǰǫǣǡǬ

ǭǮǬǣǨǰǞ ǬǟȳǣǢǦǫǣǫǦȸ, ȰǰǬ ǫǞȱǩǬ

ǯǠǬǣ ǬǰǮǞǤǣǫǦǣ Ǧ Ǡ ǭǬǢǰǠǣǮǤǢǣǫǫǬǪ

ǲǦǫǞǫǯǬǠǬǪ ȶǲǲǣǨǰǣ ǯǦǫǣǮǡǦǦ.

ǆǫǰǣǡǮǞȯǦȸ «ǈǦǣǠǯǰǞǮ» Ǧ «Beeline-

ǑǨǮǞǦǫǞ» ǢǞǩǞ ǠǬǥǪǬǤǫǬǯǰȵ ǢǣǰǞǩȵ-

ǫǬ ǭǬǯǪǬǰǮǣǰȵ ǫǞ Ǡǯǣ ǞǯǭǣǨǰȴ ǬǭǣǮǞ-

ȯǦǬǫǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ ǬǟȳǣǢǦǫǣǫǫǬǧ

ǨǬǪǭǞǫǦǦ. ǎǣǞǩǦǥǞȯǦȸ ȶǰǬǡǬ ǭǮǬǣǨǰǞ

ǭǬǥǠǬǩǦǩǞ ǱǨǮǣǭǦǰȵ Ǡ ǨǬǪǭǞǫǦǦ ǨǱǩȵ-

ǰǱǮǱ ǭǬǯǰǬȸǫǫǬǡǬ ǯǬǠǣǮȱǣǫǯǰǠǬǠǞ-

ǫǦȸ. ƿǩǞǡǬǢǞǮȸ ǭǮǬǣǨǰǱ «ǌǭǣǮǞȯǦ-

ǬǫǫǞȸ ȶǲǲǣǨǰǦǠǫǬǯǰȵ», ǱǤǣ Ǡ ǨǬǫȯǣ2011 ǡǬǢǞ ǨǬǪǭǞǫǦȸ ǬȲǱǰǦǩǞ ȶǨǬ-

ǫǬǪǦȷ 3% ǬǭǣǮǞȯǦǬǫǫȴǳ ǥǞǰǮǞǰ.ǀ ǢǞǩȵǫǣǧȱǣǪ ȶǰǞ ǨǱǩȵǰǱǮǞ ǟǱǢǣǰ ǬǯǫǬǠǬǧ Ǣǩȸ ǱǯǰǬǧȰǦǠǬǡǬ ǭǬǠȴȱǣ-

ǫǦȸ ȶǲǲǣǨǰǦǠǫǬǯǰǦ ǬǟȳǣǢǦǫǣǫǫǬǡǬ

ǟǦǥǫǣǯǞ «ǈǦǣǠǯǰǞǮ» Ǡ ǦǯǭǬǩȵǥǬǠǞǫǦǦ

ǬǭǣǮǞȯǦǬǫǫȴǳ Ǧ ǨǞǭǦǰǞǩȵǫȴǳ ǮǣǯǱǮ-

ǯǬǠ, ǭǬǦǯǨǞ ǫǬǠȴǳ ǮȴǫǨǬǠ Ǧ ǫǞǭǮǞǠ-

ǩǣǫǦǧ ǮǞǥǠǦǰǦȸ, ǦǫǠǣǯǰǦȯǦǧ Ǡ ǫǬǠȴǣ

ǦǢǣǦ.


ƿǬǩǣǣ

800

ǠȴǭǬǩǫǣǫǫȴǳ milestones

58ǮǣǞǩǦǥǬǠǞǫȴǳ ǦǫǦȯǦǞǰǦǠ

ƿǬǩǣǣ 300

ǠǬǠǩǣȰǣǫǫȴǳ ǯǬǰǮǱǢǫǦǨǬǠ

«ǈǦǣǠǯǰǞǮ» Ǧ «Beeline-ǑǨǮǞǦǫǞ

ǄǩǠǡǦǭ

ǫǬǡǠǫǪȮǮǡǩǤȶ

ǝǬǡǩǠǜ «ǆǤǡǞǭǮǜǬ»

ǫǬǪǠǡǨǪǩǭǮǬǤǬǪǞǜǧ

ǬǪǭǮ Ǟ ǮǡȮǡǩǤǡ

2011 ǟǪǠǜ Ǥ ǠǪǭǮǤǟ ǩǜǤǞȲǭȯǤǱ ǩǜ ǬȲǩǦǡ

ǏǦǬǜǤǩȲ

ƿǬǩǣǣ 40 ǭǮǬǠǣǢǣǫǫȴǳ integration steering committees

ǯ ǱȰǞǯǰǦǣǪ ǰǬǭ-ǪǣǫǣǢǤǪǣǫǰǞ

45%


ОE]IHLPIPPDb MQODPHD HIRDSUDOIPUDRQ SIGVNbUQSPQ-RSDFQFQOV QEITRIZIPLa

Ǒǯǭǣǳ ǬǟȳǣǢǦǫǣǫǦȸ ǥǞǠǦǯǣǩǬǰ ǯǩǞǤǣǫǫǬǯǰǦ ǮǞǟǬǰȴ ǨǬǪǞǫǢȴ,

ȰǣǰǨǬǯǰǦ ǭǬǫǦǪǞǫǦȸ ǭǮǞǠǬǠǬǡǬ

ǭǬǩȸ, ǠǬǥǪǬǤǫǬǯǰǣǧ Ǧ ǡǬǰǬǠǫǬǯǰǦ

ǭǮǦǫǦǪǞǰȵ ǫǣǰǮǦǠǦǞǩȵǫȴǣǦ ǯǠǬǣǠǮǣǪǣǫǫȴǣ ǮǣȱǣǫǦȸ


ƼǩǠǬǡǥ ǊǭǜǠȮǯǦ,

HLSIMUQS RQ SIGVNbUQSPQ-RSDFQFQOV QEITRIZIPLa, ZNIP ПSDFNIPLb


ǆǫǰǣǡǮǞȯǦȸ,ǨǞǨ ǠǬǥǪǬǤǫǬǯǰȵ ǨǞȰǣǯǰǠǣǫǫȴǳ ǦǥǪǣǫǣǫǦǧ2011 ǡǬǢ ǟȴǩ ǨǮǞǧǫǣ ǫǞǯȴȲǣǫǫȴǪ ǠǬ

Ǡǯǣǳ ǮǣǡǱǩȸǰǬǮǫǬ-ǭǮǞǠǬǠȴǳ ǞǯǭǣǨ-

ǰǞǳ: ǪǣǫȸǩǞǯȵ ǮǣǡǱǩȸǰǬǮǫǞȸ ǯǮǣǢǞ

Ǧ ǯǬǯǰǞǠ ǬǰǮǞǯǩǣǠǬǡǬ ǮǣǡǱǩȸǰǬǮǞ,

ǪǣǫȸǩǦǯȵ ȷǮǦǢǦȰǣǯǨǦǣ ǰǮǣǟǬǠǞǫǦȸ

Ǧ ǭǮǬȯǣǯǯȴ, ǨǬǮǭǬǮǞǰǦǠǫǞȸ Ǧ ǬǮǡǞ-

ǫǦǥǞȯǦǬǫǫȴǣ ǯǰǮǱǨǰǱǮȴ ǨǬǪǭǞǫǦǦ,

ǯǦǯǰǣǪǫǬ ǭǣǮǣǲǬǮǪǞǰǦǮǬǠǞǩǦǯȵ Ǭǰ-ǫǬȱǣǫǦȸ ǯ ǭǞǮǰǫǣǮǞǪǦ. ǈǞǰǞǩǦǥǞǰǬ-

ǮǬǪ ǭǬǥǦǰǦǠǫȴǳ ǯǦǯǰǣǪǫȴǳ ǦǥǪǣǫǣ-

ǫǦǧ, ǟǣǥǱǯǩǬǠǫǬ, ǯǰǞǩǬ ǬǟȳǣǢǦǫǣǫǦǣǯ «Beeline-ǑǨǮǞǦǫǞ». ǛǰǬ ǭǬǥǠǬǩǦǩǬ

ǫǞǪ ǢǬǯǰǦȰȵ ǯǱȲǣǯǰǠǣǫǫǬǧ ǬǭǣǮǞ-

ȯǦǬǫǫǬǧ ȶǲǲǣǨǰǦǠǫǬǯǰǦ ǬǟȳǣǢǦ-

ǫǣǫǫǬǡǬ ǟǦǥǫǣǯǞ, ǢǬǨǞǥǞǩǬ ǯǬǯǰǬȸ-

ǰǣǩȵǫǬǯǰȵ ǯǞǪǬǧ ǦǢǣǦ ȶǲǲǣǨǰǦǠǫǬǧ

ǨǬǫǯǬǩǦǢǞȯǦǦ ǰǣǩǣǨǬǪ-ǞǨǰǦǠǬǠ ǡǮǱǭ-

ǭȴ VimpelCom Ǡ ǑǨǮǞǦǫǣ Ǧ ǯǭǬǯǬǟ-

ǫǬǯǰȵ ǨǬǪǞǫǢȴ «ǈǦǣǠǯǰǞǮ» ǭǮǬǠǣǯǰǦ

ǰǞǨǱȷ ǨǬǫǯǬǩǦǢǞȯǦȷ ǞǨǰǦǠǬǠ. ǍǬ-

ǢǬǧǰǦ Ǩ ǭǬǩǬǤǦǰǣǩȵǫȴǪ ǡǬǢǬǠȴǪ Ǯǣ-

ǥǱǩȵǰǞǰǞǪ ǫǞǪ ǭǬǥǠǬǩǦǩǞ ǯǩǞǤǣǫǫǞȸ

Ǧ ǭǮǬǲǣǯǯǦǬǫǞǩȵǫǞȸ ǮǞǟǬǰǞ ǬǟȳǣǢǦ-

ǫǣǫǫǬǧ ǨǬǪǞǫǢȴ, Ǡ ǰǬǪ ȰǦǯǩǣ, ȷǮǦǢǦ-

ȰǣǯǨǬǧ Ǧ ǮǣǡǱǩȸǰǬǮǫǬǧ ǲǱǫǨȯǦǦ.

ПQNPQI aSLHLZITMQI TQRSQFQ-

JHIPLI RSQYITTD LPUIGSDYLL

T «Beeline-УMSDLPD»

РIQSGDPLKDYLb MQORDPLL, LK-

OIPIPLI II PDKFDPLb L RSDFQ-

FQ確 WQSO^

ИKOIPIPLb

F SIGVNbUQSPQ確 TSIHI

ПQNVZIPLI PQFQ確 NLYIPKLL PD

QTPQFPQ確 FLH HIbUIN_PQTUL

ǆ ǦǧȵȮǡǞȲǨ

«ǞȲǣǪǞǜǨ»

ǯȯǡǠȯǡǟǪ ǟǪǠǜǨǪǢǩǪ ǪǮǩǡǭǮǤ:


ǆǫǰǣǡǮǞȯǦȸƾǫǞǩǬǡǦȰǫǬǡǬ ǭǬ ǪǞǯȱǰǞǟǱ Ǧ ǯǩǬǤǫǬ-

ǯǰǦ ǭǮǬȯǣǯǯǞ ǰǣǩǣǨǬǪ-ǮȴǫǬǨ ǑǨǮǞǦǫȴ

ǫǣ ǥǫǞǩ. Ǒǯǭǣǳ ǬǟȳǣǢǦǫǣǫǦȸ ǥǞǠǦǯǣǩ

Ǭǰ ǯǩǞǤǣǫǫǬǯǰǦ ǮǞǟǬǰȴ, ȰǣǰǨǬǯǰǦ

ǭǬǫǦǪǞǫǦȸ ǭǮǞǠǬǠǬǡǬ ǭǬǩȸ, ǠǬǥǪǬǤ-

ǫǬǯǰǣǧ Ǧ ǡǬǰǬǠǫǬǯǰǦ ǭǮǦǫǦǪǞǰȵ ǫǣ-

ǰǮǦǠǦǞǩȵǫȴǣ Ǧ ǯǠǬǣǠǮǣǪǣǫǫȴǣ Ǯǣȱǣ-

ǫǦȸ. ǀǯǣ ǦǫǰǣǡǮǞȯǦǬǫǫȴǣ ǭǮǬȯǣǯǯȴ Ǧ

ǦǫǦȯǦǞǰǦǠȴ ǭǮǬǳǬǢǦǩǦ ǬǟȸǥǞǰǣǩȵǫǱȷ

ȷǮǦǢǦȰǣǯǨǱȷ ȶǨǯǭǣǮǰǦǥǱ, ȰǰǬ ǭǬǥǠǬ-

ǩǦǩǬ ȰǣǰǨǬ ǭǮǣǢǬǰǠǮǞǰǦǰȵ ǮǦǯǨǦ Ǧ Ǧǥ-

ǟǣǤǞǰȵ ǫǣǤǣǩǞǰǣǩȵǫȴǳ ǭǬǯǩǣǢǯǰǠǦǧ,

ǠȴǟǮǞǠ ǬǭǰǦǪǞǩȵǫȴǧ ǭǱǰȵ ǢǬǯǰǦ-

ǤǣǫǦȸ ǫǞǪǣȰǣǫǫǬǧ ȯǣǩǦ. ǏǰǮǞǰǣǡǦȸ

ǬǟȳǣǢǦǫǣǫǦȸ ǟǦǥǫǣǯǬǠ VimpelCom Ǡ

ǑǨǮǞǦǫǣ, ǦǫǦȯǦǦǮǬǠǞǫǫǞȸ ȷǮǦǯǰǞǪǦ

ǨǬǪǭǞǫǦǦ, ǟǞǥǦǮǬǠǞǩǞǯȵ ǫǞ ǮǞǥǢǣǩǣ-

ǫǦǦ ǭǮǬȯǣǯǯǞ ǨǬǫǯǬǩǦǢǞȯǦǦ ǞǨǰǦǠǬǠ

Ǭǰ ǭǮǬȯǣǯǯǞ ȷǮǦǢǦȰǣǯǨǬǡǬ ǯǩǦȸǫǦȸ

ǬǰǢǣǩȵǫȴǳ ǭǮǣǢǭǮǦȸǰǦǧ ǡǮǱǭǭȴ. ǛǰǬ

ǬǟǣǯǭǣȰǦǩǬ ȶǲǲǣǨǰǦǠǫǱȷ ǫǣǭǮǣǮȴǠ-

ǫǬǯǰȵ ǬǭǣǮǞȯǦǬǫǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ Ǧ

ǯǢǣǩǞǩǬ ǬǟȳǣǢǦǫǣǫǦǣ ǪǞǨǯǦǪǞǩȵǫǬ

ǨǬǪǲǬǮǰǫȴǪ Ǣǩȸ ǫǞȱǦǳ ǨǩǦǣǫǰǬǠ Ǧ

ǯǬǰǮǱǢǫǦǨǬǠ. ǑǢǞǩǬǯȵ ǱǯǭǣȱǫǬ Ǡǫǣ-

ǢǮǦǰȵ ǫǞȯǦǬǫǞǩȵǫȴǧ ǮǬǱǪǦǫǡ Ǣǩȸ

ǞǟǬǫǣǫǰǬǠ «Beeline-ǑǨǮǞǦǫǞ», Ǭǟǣǯǭǣ-

ȰǦǰȵ ǭǣǮǣǠǬǢ ǨǩǦǣǫǰǯǨǬǧ ǟǞǥȴ FTTB

«Beeline-ǑǨǮǞǦǫǞ» ǫǞ IT-ǯǦǯǰǣǪȴ,

ǨǬǫǰǮǞǨǰȴ Ǧ ǭǮǦǫȯǦǭȴ ǬǟǯǩǱǤǦǠǞǫǦȸ

«ǈǦǣǠǯǰǞǮ», ȷǮǦǢǦȰǣǯǨǦ ǯǬǭǮǬǠǬǢǦǰȵ

ǯǰǮǱǨǰǱǮǫǱȷ ǮǣǬǮǡǞǫǦǥǞȯǦȷ ǬǟȳǣǢǦ-

ǫǣǫǫǬǧ ǨǬǪǭǞǫǦǦ ǟǣǥ ǱȲǣǮǟǞ Ǣǩȸ ǟǦǥ-

ǫǣǯ-ǭǮǬȯǣǯǯǞ.

ǑǯǭǣȱǫǬǣ ǱǮǣǡǱǩǦǮǬǠǞǫǦǣ ǮǣǡǱǩȸǰǬǮ-

ǫȴǳ ǠǬǭǮǬǯǬǠ ǭǬǥǠǬǩǦǩǬ ǬǭǰǦǪǦǥǦ-

ǮǬǠǞǰȵ ǯǣǰȵ «Beeline-ǑǨǮǞǦǫǞ» ǯǱȲǣ-

ǯǰǠǣǫǫǬ ǮǞǫȵȱǣ ǥǞǭǩǞǫǦǮǬǠǞǫǫǬǡǬ

ǯǮǬǨǞ. ǛǰǬ ǨǩȷȰǣǠȴǪ ǬǟǮǞǥǬǪ ǭǬǠǩǦ-

ȸǩǬ ǫǞ ǢǬǯǮǬȰǫǬǣ ǭǬǩǱȰǣǫǦǣ ǯǠǣǮǳ-ǭǩǞǫǬǠǬǡǬ ǯǦǫǣǮǡǣǰǦȰǣǯǨǬǡǬ ȶǲǲǣǨ-

ǰǞ, ǬǤǦǢǞǣǪǬǡǬ ǞǨȯǦǬǫǣǮǞǪǦ.

ǜǮǦǢǦȰǣǯǨǬǣ ǯǬǭǮǬǠǬǤǢǣǫǦǣ ǬǭǣǮǞȯǦǧǀǞǤǫǣǧȱǦǪ ǯǬǟȴǰǦǣǪ 2011 ǡǬǢǞ Ǡ

ǬǟǣǯǭǣȰǣǫǦǦ ǢǣȸǰǣǩȵǫǬǯǰǦ ǨǬǪǭǞǫǦǦ

ǯǰǞǩǬ ǭǬǩǱȰǣǫǦǣ ǫǬǠǬǧ ǩǦȯǣǫǥǦǦ ǫǞ

ǭǮǣǢǬǯǰǞǠǩǣǫǦǣ ǱǯǩǱǡ ǪǬǟǦǩȵǫǬǧ ǯǠȸ-

ǥǦ Ǡ ǯǰǞǫǢǞǮǰǣ GSM 900-1800 ǫǞ ǭǬǯǩǣ-

ǢǱȷȲǦǣ 15 ǩǣǰ. ǛǰǬ ǬǯǫǬǠǞ Ǣǩȸ ǟǦǥǫǣǯǞ

«ǈǦǣǠǯǰǞǮ», ǭǬȶǰǬǪǱ ȰǦǯǰǬǰǞ Ǧ ǭǮǬǲǣǯ-ǯǦǬǫǞǩǦǥǪ Ǡ ǯǬǭǮǬǠǬǤǢǣǫǦǦ ǢǞǫǫǬ-

ǡǬ ǭǮǬȯǣǯǯǞ ǟȴǩǦ ǭǮǣǢǣǩȵǫǬ ǠǞǤǫȴ.

ǋǣ Ǫǣǫǣǣ ǥǫǞȰǦǪȴǪ ǭǮǬȯǣǯǯǬǪ ǱȱǣǢ-

ȱǣǡǬ ǡǬǢǞ ǯǰǞǩǬ ǯǬǭǮǬǠǬǤǢǣǫǦǣ ǭǮǬȯǣ-

ǢǱǮȴ ǠȴǭǩǞǰ ǢǦǠǦǢǣǫǢǬǠ ǞǨȯǦǬǫǣǮǞǪ

ǨǬǪǭǞǫǦǦ Ǡ ǱǯǰǞǫǬǠǩǣǫǫȴǣ ǯǮǬǨǦ, ȰǰǬ

ǭǬǥǠǬǩǦǩǬ Ǡ ǭǬǩǫǬǪ ǬǟȳǣǪǣ ǠȴǭǬǩǫǦǰȵ

ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǢǦǠǦǢǣǫǢǞǪ ǭǣǮǣǢ

ǦǫǠǣǯǰǬǮǞǪǦ VimpelCom LTD. ǀ ǫǞȰǞǩǣ

2011 ǡǬǢǞ ǭǣǮǣǢ ǨǬǪǭǞǫǦǣǧ ǠǯǰǞǩ ǣȲǣ

ǬǢǦǫ ǫǬǠȴǧ «ǠȴǥǬǠ» – ǰǮǣǟǬǠǞǫǦǣ ǥǞ-

ǨǬǫǬǢǞǰǣǩȵǯǰǠǞ ǭǬ ǦǥǪǣǫǣǫǦȷ ǭǮǞǠǬ-

ǠǬǧ ǲǬǮǪȴ ǨǬǪǭǞǫǦǦ. ǛǰǬǰ ǭǮǬȯǣǯǯ ǟȴǩ

ǰȲǞǰǣǩȵǫǬ ǯǭǩǞǫǦǮǬǠǞǫ Ǧ ǭǬǢǡǬǰǬǠǩǣǫ,

ȰǰǬ ǭǬǥǠǬǩǦǩǬ ǠǬǠǮǣǪȸ ǭǮǦǫȸǰȵ Ǡǯǣ

ǰǮǣǟǱǣǪȴǣ ǨǬǮǭǬǮǞǰǦǠǫȴǣ ǮǣȱǣǫǦȸ,

ǭǮǬǠǣǯǰǦ ǮǣǡǦǯǰǮǞȯǦǦ, ǠǫǣǯǰǦ Ǡǯǣ ǫǣ-

ǬǟǳǬǢǦǪȴǣ ǦǥǪǣǫǣǫǦȸ Ǡ ǢǬǨǱǪǣǫǰǬ-

ǬǟǬǮǬǰ, ǭǮǞǠǬǱǯǰǞǫǞǠǩǦǠǞȷȲǦǣ Ǧ ǮǞǥ-

ǮǣȱǦǰǣǩȵǫȴǣ ǢǬǨǱǪǣǫǰȴ. ǍǬǯǨǬǩȵǨǱ

ǫǞǟǬǮ ǩǦȯǣǫǥǦǧ ǬǭǣǮǞǰǬǮǞ ǯǰǞǩ ȱǦǮǣ,

Ǟ ǫǬǠȴǣ ǟǦǥǫǣǯ-ǫǞǭǮǞǠǩǣǫǦȸ ǨǬǪǭǞǫǦǦ

Ǡ ǮǣǥǱǩȵǰǞǰǣ ǬǟȳǣǢǦǫǣǫǦȸ ǮǞǥǠǦǠǞǩǦǯȵ

ǫǞ ǟǞǥǣ ǫǬǠȴǳ ǰǣǳǫǬǩǬǡǦǧ – ǲǦǨǯǦǮǬ-

ǠǞǫǫǬǧ ǯǠȸǥǦ Ǧ ǲǦǨǯǦǮǬǠǞǫǫǬǡǬ ǦǫǰǣǮ-

ǫǣǰǞ – Ǧǥ ǫǞǥǠǞǫǦȸ ǨǬǪǭǞǫǦǦ ǟȴǩǞ Ǧǥȳȸ-

ǰǞ ǞǟǟǮǣǠǦǞǰǱǮǞ GSM. ǐǞǨǦǪ ǬǟǮǞǥǬǪ,

Ǡ 2011 ǡǬǢǱ ǨǬǪǭǞǫǦȸ ǭǬǩǱȰǦǩǞ ǯǠǬǣ

ǫǬǠǬǣ ǫǞǥǠǞǫǦǣ – ǕǞǯǰǫǬǣ ƾǨȯǦǬǫǣǮǫǬǣ

ǌǟȲǣǯǰǠǬ «ǈǦǣǠǯǰǞǮ».

ǆǥǪǣǫǣǫǦǣ ǯǬǯǰǞǠǞ ǞǨȯǦǬǫǣǮǬǠ

Ǧ ǯǰǮǱǨǰǱǮȴ ǱǭǮǞǠǩǣǫǦȸ Ǡ ȱǰǞǟ-

ǨǠǞǮǰǦǮǣ VimpelCom LTD. ǭǬǰǮǣǟǬǠǞ-

ǩǞ Ǭǰ «ǈǦǣǠǯǰǞǮ», ǨǞǨ ǬǭǣǮǞȯǦǬǫǫǬǧ

ǨǬǪǭǞǫǦǦ, ǬǟǫǬǠǩǣǫǦȸ ǟǞǥǬǠȴǳ ǱǭǮǞǠ-

ǩǣǫȰǣǯǨǦǳ ǭǬǩǦǰǦǨ Ǧ ǭǣǮǣǫǞǯǰǮǬǧǨǦ

ǯǦǯǰǣǪȴ ǨǬǮǭǬǮǞǰǦǠǫǬǡǬ ǱǭǮǞǠǩǣǫǦȸ

Ǡ ǯǬǬǰǠǣǰǯǰǠǦǦ ǯ ȶǰǦǪǦ ǰǮǣǟǬǠǞǫǦ-

ȸǪǦ. ǛǰǬ ǦǥǪǣǫǣǫǦǣ ǭǬǥǠǬǩǦǩǬ ǭǮǦ-

ǠǣǯǰǦ Ǡ 2011 ǡǬǢǱ ǭǮǦǫȯǦǭȴ ǨǬǮǭǬ-

ǮǞǰǦǠǫǬǡǬ ǱǭǮǞǠǩǣǫǦȸ «ǈǦǣǠǯǰǞǮ»

Ǩ ǣǢǦǫȴǪ ǯǰǞǫǢǞǮǰǞǪ ǡǮǱǭǭȴ.

ǎǣǡǱǩȸǰǬǮǫǞȸ ǯǮǣǢǞǅǫǞȰǦǪȴǪ ǯǬǟȴǰǦǣǪ 2011 ǡǬǢǞ ǯǰǞǩǬ

ǦǥǪǣǫǣǫǦǣ ǯǬǯǰǞǠǞ ǬǰǮǞǯǩǣǠǬǡǬ ǮǣǡǱ-

ǩȸǰǬǮǞ – ǋǈǎǏ. ǀ ǰǣȰǣǫǦǣ ǡǬǢǞ ȷǮǦ-

ǢǦȰǣǯǨǬ-ǮǣǡǱǩȸǰǬǮǫǞȸ ǲǱǫǨȯǦȸ «ǈǦ-

ǣǠǯǰǞǮ» ǭǮǦǫǦǪǞǩǞ ǞǨǰǦǠǫǬǣ ǱȰǞǯǰǦǣǠ ǮǞǥǮǞǟǬǰǨǣ Ǧ ǭǱǟǩǦȰǫȴǳ ǬǟǯǱǤǢǣǫǦ-

ȸǳ ǢǣǯȸǰǨǬǠ ǬǰǮǞǯǩǣǠȴǳ ǫǬǮǪǞǰǦǠǫȴǳ ǢǬǨǱǪǣǫǰǬǠ, ǠǫǣǯǩǞ ǯǱȲǣǯǰǠǣǫǫȴǧ

ǠǨǩǞǢ Ǡ ǮǞǥǮǞǟǬǰǨǱ ǫǬǠǬǧ ǮǣǢǞǨȯǦǦ

ǍǮǞǠǦǩ ǭǮǣǢǬǯǰǞǠǩǣǫǦȸ ǰǣǩǣǨǬǪǱǫǦ-

ǨǞȯǦǬǫǫȴǳ ǱǯǩǱǡ. ǑǤǣ Ǡ ǫǞȰǞǩǣ 2012

ǡǬǢǞ ȶǰǬ ǭǬǥǠǬǩǦǩǬ ǮȴǫǨǱ ǭǬǩǱȰǦǰȵ

ǬǟǫǬǠǩǣǫǫȴǧ, ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǧ ǯǬ-

ǠǮǣǪǣǫǫȴǪ ǰǮǣǟǬǠǞǫǦȸǪ, ǢǬǨǱǪǣǫǰ.

2011 ǡǬǢ ǬǯǰǞǫǣǰǯȸ ǡǬǢǬǪ ǱǮǣǡǱǩǦǮǬ-

ǠǞǫǦȸ ǪǣǤǢǱ ǦǡǮǬǨǞǪǦ ǮȴǫǨǞ Ǧ ǮǣǡǱ-

ǩȸǰǬǮǬǪ ǭǬǢǞǠǩȸȷȲǣǡǬ ǟǬǩȵȱǦǫǯǰǠǞ

ǯǭǬǮǬǠ ǭǬ ǫǞȯǦǬǫǞǩȵǫǬǪǱ ǦǫǰǣǮǨǬǫ-

ǫǣǨǰǱ, ǨǬǰǬǮȴǣ ǢǩǦǩǦǯȵ Ǡ ǰǣȰǣǫǦǣ ǭǬ-

ǯǩǣǢǫǦǳ ǫǣǯǨǬǩȵǨǦǳ ǩǣǰ Ǧ ǢǣǯǰǞǟǦǩǦ-

ǥǦǮǬǠǞǩǦ ǮȴǫǬǨ. ǁǬǰǬǠǫǬǯǰȵ ǯǰǬǮǬǫǨ ǭǬǯǰǬȸǫǫǬǪǱ ǨǬǫǯǰǮǱǨǰǦǠǫǬǪǱ ǢǦǞ-

ǩǬǡǱ Ǧ ǯǬǰǮǱǢǫǦȰǣǯǰǠǱ, ǨǞȰǣǯǰǠǣǫǫǬǣ

ǯǬǰǮǱǢǫǦȰǣǯǰǠǬ ǟǦǥǫǣǯǞ Ǧ ǮǣǡǱǩȸǰǬǮǞ

ǭǬǥǠǬǩȸǣǰ ǭǬǥǦǰǦǠǫǬ ǠǩǦȸǰȵ ǫǞ ǮǞǥ-

ǠǦǰǦǣ ǮǣǡǱǩȸǰǬǮǫǬǧ ǯǮǣǢȴ ǱǨǮǞǦǫ-

ǯǨǬǡǬ ǰǣǩǣǨǬǪǞ, Ǟ ǥǫǞȰǦǰ ǫǞ ǭǬǯǰǱǭǞ-

ǰǣǩȵǫǬǣ ǮǞǥǠǦǰǦǣ ǬǰǮǞǯǩǦ.

ƬƹǜƹǚƹҨ ƹǢǥƸǢ – 201152 ƬƹǜƬƹǜƬƹǜƬƹƬƹƬƹǜƬƹǜƬƹǜƹƬƹƬƹ ƹǚƹƹǚƹƹǚƹƹǚƹҨ ƹҨ ƹҨҨ ƹҨҨ ƹҨ ƹƹǢǥƸǢǥƸǢǥƸǢǥƸǢǥƸǥƸǢǢǢǢ –– 20120120112001111115252525222522522225

ƼǬǮǡǨ ǉǤȭ,

WLPDPTQF^確 HLSIMUQS

ƬƹǜƹǚƹҨ ƹǢǥƸǢ – 2011 53ƬƹǜƬƹǜƬƹǜƬƹǜǜƹǚƹǚƹƹǚƹƹǚƹҨ ƹҨ ƹҨ ƹҨ ƹǢǥƸǢǥƸǥƸǢǥƸǥƸǢǢ Ǣ –Ǣ –Ǣ –Ǣ – 22020202022 1111111111 555555555355555355555353535535553555353555555353555535555535555535353555555555555555555555355555555555535555555355555555555555553555355333335355333333

ǅǞǭǩǞǫǦǮǬǠǞǫǫȴǧ ǫǞ 2011 ǡǬǢ

Ǡ ǮǞǪǨǞǳ ǬǟȳǣǢǦǫǣǫǦȸ «ǈǦǣǠǯǰǞǮ»

Ǧ «Beeline-ǑǨǮǞǦǫǞ» ȶǨǬǫǬǪǦȰǣǯǨǦǧ

ȶǲǲǣǨǰ ǟȴǩ ǭǬǩǱȰǣǫ

ǯ ǬǭǣǮǣǤǣǫǦǣǪ


WLPDPTQFQ確 HLSIMYLL


ǎǬǯǰ ǢǬǳǬǢǬǠ ǌǟȲǦǧ ǢǬǳǬǢ «ǈǦǣǠǯǰǞǮ» Ǡ 2011 ǡǬǢǱ

ǠȴǮǬǯ ǭǬȰǰǦ ǫǞ 5% Ǡ ǯǮǞǠǫǣǫǦǦ ǯ 2010

ǡǬǢǬǪ Ǧ ǯǬǯǰǞǠǦǩ 13,078 ǪǩǮǢ ǡǮǫ. ǌǯ-

ǫǬǠǫȴǪǦ ǲǞǨǰǬǮǞǪǦ ǮǬǯǰǞ ǬǟȲǣǡǬ ǢǬ-

ǳǬǢǞ ǯǰǞǩǦ:

め VFINLZIPLI F^SVZML F OQELN_PQO

TIGOIPUI PD 3%;

め SQTU PD 26% F TIGOIPUI WLMTLSQ-

FDPPQGQ ELKPITD.

ǈǩȷȰǣǠȴǪǦ ǲǞǨǰǬǮǞǪǦ ǮǬǯǰǞ ǪǬǟǦǩȵ-

ǫǬǡǬ ǯǣǡǪǣǫǰǞ ǯǰǞǩǬ ǱǠǣǩǦȰǣǫǦǣ ǫǞ 2%

ǞǟǬǫǣǫǰǯǨǬǧ ǟǞǥȴ «ǈǦǣǠǯǰǞǮ», ǯǱȲǣ-

ǯǰǠǣǫǫȴǧ ǮǬǯǰ ǭǬǰǮǣǟǩǣǫǦȸ ǡǬǩǬǯǬǠȴǳ ǱǯǩǱǡ, ǮǬǯǰ ǬǟȳǣǪǞ ǭǬǰǮǣǟǩǣǫǦȸ Ǧ ǢǬ-

ǳǬǢǞ Ǭǰ ǱǯǩǱǡ ǭǣǮǣǢǞȰǦ ǢǞǫǫȴǳ Ǡ ǪǬ-

ǟǦǩȵǫǬǪ ǯǣǡǪǣǫǰǣ.

ǏǱȲǣǯǰǠǣǫǫȴǧ ǮǬǯǰ ǭǬǨǞǥǞǩ Ǧ ǯǣǡǪǣǫǰ ǲǦǨǯǦǮǬǠǞǫǫǬǡǬ ǟǦǥǫǣǯǞ. ǀȴǮǱȰǨǞ Ǭǰ ǱǯǩǱǡ ǲǦǨǯǦǮǬǠǞǫǫǬǧ ǯǠȸǥǦ ǠȴǮǬǯǩǞ

ǫǞ 26% ǟǩǞǡǬǢǞǮȸ ǭǮǦǮǬǯǰǱ ǢǬǳǬǢǞ Ǭǰ ǰǮǞǫǥǦǰǫǬǡǬ ǟǦǥǫǣǯǞ ǫǞ 36% Ǧ ǮǬǯǰǱ

ǢǬǳǬǢǞ Ǭǰ ȱǦǮǬǨǬǭǬǩǬǯǫǬǡǬ ǢǬǯǰǱǭǞ Ǡ

ǦǫǰǣǮǫǣǰ ǫǞ 84%. ǍǬǢǬǟǫǞȸ ǭǬǥǦǰǦǠ-

ǫǞȸ ǢǦǫǞǪǦǨǞ ǯǰǞǩǞ ǠǬǥǪǬǤǫǬǧ ǟǩǞǡǬ-

ǢǞǮȸ 98% ǮǬǯǰǱ ǞǟǬǫǣǫǰǯǨǬǧ ǟǞǥȴ Ǳǯ-

ǩǱǡǦ «ǂǬǪǞȱǫǦǧ ǆǫǰǣǮǫǣǰ». ǋǞ ǨǬǫǣȯ

2011 ǡǬǢǞ ǢǞǫǫǬǧ ǱǯǩǱǡǬǧ ǱǤǣ ǭǬǩȵǥǬ-

ǠǞǩǦǯȵ ǭǬȰǰǦ 400 ǰȴǯ. ǞǟǬǫǣǫǰǬǠ.

ǆǫǠǣǯǰǦȯǦǦǎǬǯǰ ǪǬǟǦǩȵǫǬǡǬ Ǧ ǲǦǨǯǦǮǬǠǞǫǫǬǡǬ

ǟǦǥǫǣǯǞ Ǡ 2011 ǡǬǢǱ ǟȴǩ ǬǟǣǯǭǣȰǣǫ

ǥǫǞȰǦǪȴǪǦ ǦǫǠǣǯǰǦȯǦȸǪǦ Ǡ ǮǞǥǠǦǰǦǣ

ǯǣǰǦ Ǧ ǰǣǳǫǬǩǬǡǦǧ. ǌǟǣȲǞǫǦǣ «ǈǦ-

ǣǠǯǰǞǮ» ǯǠǬǣǪǱ ǨǩǦǣǫǰǱ – ȶǰǬ ǠȴǯǬ-

ǨǬǣ ǨǞȰǣǯǰǠǬ ǯǠȸǥǦ Ǧ ǬǟǯǩǱǤǦǠǞǫǦȸ.

ǅǞ 2011 ǡǬǢ ǬǟȳǣǪ ǦǫǠǣǯǰǦȯǦǧ ǯǬǯǰǞ-

ǠǦǩ ǭǬȰǰǦ 2,3 ǪǩǮǢ ǡǮǫ, ȰǰǬ ǫǞ 13%

ǟǬǩȵȱǣ, ȰǣǪ Ǡ 2010 ǡǬǢǱ. ƿǬǩǣǣ ǭǬǩǬ-

ǠǦǫȴ ǫǞȱǦǳ ǨǞǭǦǰǞǩȵǫȴǳ ǥǞǰǮǞǰ ǟȴǩǬ

ǦǫǠǣǯǰǦǮǬǠǞǫǬ Ǡ ǪǬǟǦǩȵǫǱȷ ǯǠȸǥȵ: ǫǞ

ǮǞǯȱǦǮǣǫǦǣ ǣǪǨǬǯǰǦ ǯǣǰǦ, ǫǞ ǱǩǱȰ-

ȱǣǫǦǣ ǨǞȰǣǯǰǠǞ ǭǬǨǮȴǰǦȸ Ǧ ǨǞȰǣǯǰǠǞ

ǭǮǣǢǬǯǰǞǠǩȸǣǪȴǳ ǱǯǩǱǡ. ǛǰǬ ǭǬǥǠǬǩǦǩǬ

Ǡ 2011 ǡǬǢǱ ǬǟǣǯǭǣȰǦǰȵ 8% ǮǬǯǰ ǭǬǰǮǣ-

ǟǩǣǫǦȸ ǡǬǩǬǯǬǠȴǳ ǱǯǩǱǡ Ǧ 45% ǮǬǯǰ ǭǬ-

ǰǮǣǟǩǣǫǦȸ ǪǬǟǦǩȵǫǬǡǬ ǦǫǰǣǮǫǣǰǞ.

ǐǞǨǤǣ Ǡ 2011 ǡǬǢǱ «ǈǦǣǠǯǰǞǮ» ǞǨǰǦǠ-

ǫǬ ǦǫǠǣǯǰǦǮǬǠǞǩ Ǡ ǫǬǠǬǣ ǫǞǭǮǞǠǩǣǫǦǣ

ǟǦǥǫǣǯǞ – ǲǦǨǯǦǮǬǠǞǫǫȴǧ ȱǦǮǬǨǬ-

ǭǬǩǬǯǫȴǧ ǦǫǰǣǮǫǣǰ-ǢǬǯǰǱǭ. ǌǨǬǩǬ1/4 ǨǞǭǦǰǞǩȵǫȴǳ ǥǞǰǮǞǰ Ǫȴ ǫǞǭǮǞǠǦǩǦ

ǫǞ ǮǣȱǣǫǦǣ ǞǪǟǦȯǦǬǥǫǬǧ ǥǞǢǞȰǦ – ǥǞ-

ǠǣǮȱǣǫǦȸ ǫǞȯǦǬǫǞǩȵǫǬǡǬ ǭǬǨǮȴǰǦȸ

ǲǦǨǯǦǮǬǠǞǫǫǬǡǬ ǖǍǂ. ǀ ǰǣȰǣǫǦǣ ǡǬǢǞ

«ǈǦǣǠǯǰǞǮ» ǭǬǢǨǩȷȰǦǩ 100 ǫǬǠȴǳ ǡǬǮǬ-

ǢǬǠ, ȰǰǬ Ǡ ǬǟȲǣǧ ǯǩǬǤǫǬǯǰǦ ǯǬǯǰǞǠǦǩǬ

46 ǰȴǯ. ǢǬǪǬǠ. ǛǰǬ ǭǬǥǠǬǩǦǩǬ ǱǢǠǬǦǰȵ

ǞǟǬǫǣǫǰǯǨǱȷ ǟǞǥǱ ǱǯǩǱǡǦ «ǂǬǪǞȱǫǦǧ

ǆǫǰǣǮǫǣǰ» ǢǬ ǭǬȰǰǦ 400 ǰȴǯ. ǞǟǬǫǣǫ-

ǰǬǠ. «ǈǦǣǠǯǰǞǮ» ǭǮǬǢǬǩǤǞǣǰ ǬǯǰǞǠǞǰȵ-

ǯȸ ǯǞǪȴǪ ǯǱȲǣǯǰǠǣǫǫȴǪ ǦǫǠǣǯǰǬǮǬǪ

ǫǞ ǮȴǫǨǣ ǰǣǩǣǨǬǪǞ ǑǨǮǞǦǫȴ.

ǛǲǲǣǨǰǦǠǫǬǯǰȵ ǟǦǥǫǣǯǞ«ǈǦǣǠǯǰǞǮ» Ǡ 2011 ǡǬǢǱ ǬǟǣǯǭǣȰǦǩ ǯǰǞ-

ǟǦǩȵǫȴǧ ǱǮǬǠǣǫȵ ǲǦǫǞǫǯǬǠǬǧ ȶǲǲǣǨ-

ǰǦǠǫǬǯǰǦ, ǨǬǰǬǮǱȷ Ǫȴ ǰǮǞǢǦȯǦǬǫǫǬ

ǦǥǪǣǮȸǣǪ ǭǬǨǞǥǞǰǣǩǣǪ EBITDA ǪǞǮǤǞ

(ǯǬǬǰǫǬȱǣǫǦǣ ǬǭǣǮǞȯǦǬǫǫǬǧ ǭǮǦǟȴǩǦ Ǩ

ǠǞǩǬǠǬǧ ǠȴǮǱȰǨǣ). ǁǬǢ Ǭǰ ǡǬǢǞ ȶǰǬǰ ǭǬǨǞ-

ǥǞǰǣǩȵ ǬǯǰǞǩǯȸ ǯǞǪȴǪ ǠȴǯǬǨǦǪ ǫǞ Ǯȴǫ-

Ǩǣ ǫǣ ǰǬǩȵǨǬ ǑǨǮǞǦǫȴ, ǫǬ Ǧ Ǡǯǣǳ ǯǰǮǞǫ

ǭǮǦǯǱǰǯǰǠǦȸ ǡǮǱǭǭ ǨǬǪǭǞǫǦǧ VimpelCom.

ǅǞ 2011 ǡǬǢ ǭǬǨǞǥǞǰǣǩȵ EBITDA Ǡ Ǟǟ-

ǯǬǩȷǰǫǬǪ ǠȴǮǞǤǣǫǦǦ ǠȴǮǬǯ ǫǞ 5%

ǢǬ 6,953 ǪǩǮǢ ǡǮǫ. ǍǮǦ ȶǰǬǪ ǪǞǮǤǞ

EBITDA Ǡ ȯǣǩǬǪ ǥǞ ǡǬǢ ǬǯǰǞǩǞǯȵ ǫǞ ǱǮǬǠ-

ǫǣ ǭǮǣǢȴǢǱȲǣǡǬ ǡǬǢǞ – 53%, ǫǣǯǪǬǰǮȸ

ǫǞ ǮǬǯǰ ǬǭǣǮǞȯǦǬǫǫȴǳ ǥǞǰǮǞǰ Ǧ ǱǠǣǩǦ-

ȰǣǫǦǣǪ ǯǣǟǣǯǰǬǦǪǬǯǰǦ. ǎǬǯǰ ǮǞǯǳǬǢǬǠǠ ǬǯǫǬǠǫǬǪ ǟȴǩ ǠȴǥǠǞǫ ǠǫǣȱǫǦǪǦ ǲǞǨ-

ǰǬǮǞǪǦ, Ǟ ǦǪǣǫǫǬ: ǭȸǰǦǨǮǞǰǫȴǪ ǱǠǣǩǦȰǣ-

ǫǦǣǪ ǡǬǯǱǢǞǮǯǰǠǣǫǫǬǡǬ ǯǟǬǮǞ ǥǞ ǭǬǩȵǥǬ-

ǠǞǫǦǣ ȰǞǯǰǬǰǞǪǦ, ǱǠǣǩǦȰǣǫǦǣ ǞǮǣǫǢǫǬǧ

ǭǩǞǰȴ Ǧ ǮǞǯǳǬǢǬǠ ǫǞ ȶǩǣǨǰǮǬȶǫǣǮǡǦȷ.

ǆǫǰǣǡǮǞȯǦȸ «ǈǦǣǠǯǰǞǮ» Ǧ «Beeline-ǑǨǮǞǦǫǞ»ǆǫǰǣǡǮǞȯǦȸ ǟǦǥǫǣǯǬǠ «ǈǦǣǠǯǰǞǮ» Ǧ

«Beeline-ǑǨǮǞǦǫǞ» ǟȴǩ ǬǢǫǦǪ Ǧǥ ǨǩȷȰǣ-

Ǡȴǳ ǭǮǦǬǮǦǰǣǰǬǠ Ǡ 2011 ǡǬǢǱ, ǭǮǦ ǨǬǰǬ-

ǮǬǪ ǨǮǦǰǦȰǣǯǨǦ ǠǞǤǫǬ ǟȴǩǬ ǬǟǣǯǭǣȰǦǰȵ

ǬǟȳǣǢǦǫǣǫǦǣ ǯǣǰǣǧ, ǯǦǯǰǣǪ Ǧ ǨǬǪǞǫǢ ǫǣ

ǰǬǩȵǨǬ ǟǣǥ ǱȲǣǮǟǞ Ǣǩȸ ǫǞȱǦǳ ǭǬǰǮǣǟǦǰǣ-

ǩǣǧ ǯ ǰǬȰǨǦ ǥǮǣǫǦȸ ǨǞȰǣǯǰǠǞ ǭǮǣǢǬǯǰǞǠǩǣ-

ǫǦȸ ǱǯǩǱǡ, ǫǬ Ǧ ǯ ǞǪǟǦȯǦǣǧ ǭǮǣǢǬǯǰǞǠǦǰȵ

ǫǞȱǦǪ ǭǬǰǮǣǟǦǰǣǩȸǪ ǟǬǩȵȱǣ ǱǯǩǱǡ «Ǧǥ

ǬǢǫǦǳ ǮǱǨ». ǛǰǬǰ ǭǬǢǳǬǢ ǬǟǱǯǩǬǠǩǦǠǞǩǞ

ǠȴǟǮǞǫǫǞȸ ǫǞǪǦ ǨǬǮǭǬǮǞǰǦǠǫǞȸ ǯǰǮǞ-

ǰǣǡǦȸ – ǮǞǥǠǦǰǦǣ ǨǬǪǭǞǫǦǦ ǨǞǨ ǪǱǩȵ-

ǰǦǯǣǮǠǦǯǫǬǡǬ ǬǭǣǮǞǰǬǮǞ. ǅǞ 2011 ǡǬǢ

Ǫȴ ǱǯǭǣȱǫǬ ǬǟȳǣǢǦǫǦǩǦ ǨǬǪǪǣǮȰǣǯǨǦǣ

ǯǰǮǱǨǰǱǮȴ Ǧ ǯǲǬǮǪǦǮǬǠǞǩǦ ǬǟȳǣǢǦǫǣǫ-

ǫǱȷ ǲǱǫǨȯǦȷ ǭǮǬǢǞǤ Ǡ ǯǣǡǪǣǫǰǣ ǀ2ǀ,

Ǫȴ ǰǞǨǤǣ ǱǠǦǢǣǩǦ ǠǬǥǪǬǤǫǬǯǰȵ ǱǯǨǬ-

ǮǦǰȵ ǰǣǪǭȴ ǦǫǰǣǡǮǞȯǦǦ ǪǬǟǦǩȵǫȴǳ ǯǣǰǣǧ.

ǆ ǠǪǣǯǰǬ ǭǩǞǫǬǠȴǳ ǢǠǱǳ ǩǣǰ, ǨǬǰǬǮȴǣ ǟȴǩǦ

ǥǞǭǩǞǫǦǮǬǠǞǫȴ ǫǞ ǦǫǰǣǡǮǞȯǦȷ ǯǣǰǣǧ, Ǫȴ

ǥǞǠǣǮȱǦǩǦ ǬǟȳǣǢǦǫǣǫǦǣ Ǡ ǰǣȰǣǫǦǣ 2011

ǡǬǢǞ. ǛǰǬ ǯǰǞǩǬ ǬǯǫǬǠǫȴǪ ǦǯǰǬȰǫǦǨǬǪ ǭǣ-

ǮǣǠȴǭǬǩǫǣǫǦȸ ǭǩǞǫǞ ǭǬ ȶǨǬǫǬǪǦȰǣǯǨǬǪǱ

ȶǲǲǣǨǰǱ Ǭǰ ǬǟȳǣǢǦǫǣǫǦȸ. Ǐ ǰǬȰǨǦ ǥǮǣǫǦȸ

ǲǦǫǞǫǯǬǠǬǧ ȶǲǲǣǨǰǦǠǫǬǯǰǦ ȶǰǬ ǭǬǥǠǬ-

ǩǦǩǬ ǬǯǠǬǟǬǢǦǰȵ ǢǬǭǬǩǫǦǰǣǩȵǫȴǧ Ǯǣ-

ǯǱǮǯ Ǣǩȸ ǦǫǠǣǯǰǦȯǦǧ. ǅǞǭǩǞǫǦǮǬǠǞǫǫȴǧǫǞ 2011 ǡǬǢ, Ǡ ǮǞǪǨǞǳ ǬǟȳǣǢǦǫǣǫǦȸ «ǈǦ-

ǣǠǯǰǞǮ» Ǧ «Beeline-ǑǨǮǞǦǫǞ», ȶǨǬǫǬǪǦȰǣ-

ǯǨǦǧ ȶǲǲǣǨǰ ǟȴǩ ǭǬǩǱȰǣǫ ǯ ǬǭǣǮǣǤǣǫǦǣǪ

ǭǩǞǫǞ Ǧ ǯǬǯǰǞǠǦǩ 164 Ǫǩǫ ǢǬǩǩǞǮǬǠ Ǐǖƾ.

РQTU GQNQTQFQGQ USDWLMD –

PD 8%,

РQTU USDWLMD RISIHDZL HDP-

P^X – PD 45%

РQTU HQXQHD QU OQELN_PQGQ

LPUISPIUD RQMDKDN HLPDOLMV RSLSQTUD F 37% RQ TSDFPIPLa

T 2010 GQHQO

ǒǦǫǞǫǯǬǠǬǣǥǢǬǮǬǠȵǣ «ǈǦǣǠǯǰǞǮ»



ҠƹǡƼƹǟǞǜǞƻƹǚƷǡǡƷҤ ǣǞǡƷǡƼƹǚƷҤ ƹǢǥƸǢǡƹƼǢǪ

56



57

ǆǪǩǭǪǧǤǠǤǬǪǞǜǩǩǜȶǰǤǩǜǩǭǪǞǜȶ ǪǮȮǡǮǩǪǭǮȳ



58

ǍǪǠǡǬǢǜǩǤǡ

ǌǰȰǣǰ ǫǣǥǞǠǦǯǦǪǬǡǬ ǞǱǢǦǰǬǮǞǈǬǫǯǬǩǦǢǦǮǬǠǞǫǫȴǧ ǬǰȰǣǰ Ǭ ǯǬǠǬǨǱǭǫǬǪ ǢǬǳǬǢǣ 60

ǈǬǫǯǬǩǦǢǦǮǬǠǞǫǫȴǧ ǬǰȰǣǰ Ǭ ǲǦǫǞǫǯǬǠǬǪ ǯǬǯǰǬȸǫǦǦ 61

ǈǬǫǯǬǩǦǢǦǮǬǠǞǫǫȴǧ ǬǰȰǣǰ Ǭ ǢǠǦǤǣǫǦǦ ǢǣǫǣǤǫȴǳ ǯǮǣǢǯǰǠ 62

ǈǬǫǯǬǩǦǢǦǮǬǠǞǫǫȴǧ ǬǰȰǣǰ Ǭǟ ǦǥǪǣǫǣǫǦȸǳ Ǡ ǨǞǭǦǰǞǩǣ 64

ǍǮǦǪǣȰǞǫǦȸ Ǩ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǧ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ1. ǆǫǲǬǮǪǞȯǦȸ Ǭ ǨǬǪǭǞǫǦǦ 65

2. ǑǯǩǬǠǦȸ ǲǱǫǨȯǦǬǫǦǮǬǠǞǫǦȸ, ǮǦǯǨǦ Ǧ ȶǨǬǫǬǪǦȰǣǯǨǞȸ ǯǦǰǱǞȯǦȸ Ǡ ǑǨǮǞǦǫǣ 65

3. ǌǯǫǬǠǞ ǯǬǯǰǞǠǩǣǫǦȸ ǬǰȰǣǰǫǬǯǰǦ 66

4. ǆǥǪǣǫǣǫǦȸ Ǡ ǱȰǣǰǫǬǧ ǭǬǩǦǰǦǨǣ 66

5. ǌǯǫǬǠǫȴǣ ǭǬǩǬǤǣǫǦȸ ǱȰǣǰǫǬǧ ǭǬǩǦǰǦǨǦ 67

6. ǈǮǦǰǦȰǣǯǨǦǣ ǱȰǣǰǫȴǣ ǯǱǤǢǣǫǦȸ Ǧ ǬǯǫǬǠǫȴǣ ǦǯǰǬȰǫǦǨǦ ǫǣǬǭǮǣǢǣǩǣǫǫǬǯǰǦ Ǡ ǬȯǣǫǨǞǳ 76

7. ǊǏǒǌ Ǧ ǦǫǰǣǮǭǮǣǰǞȯǦǦ IFRIC, ǣȲǣ ǫǣ ǠǯǰǱǭǦǠȱǦǣ Ǡ ǯǦǩǱ 78

8. ǂǬǳǬǢȴ Ǧ ǮǞǯǳǬǢȴ 79

9. ǋǞǩǬǡ ǫǞ ǭǮǦǟȴǩȵ 81

10. ǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ 84

11. ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ 85

12. ǍǮǬȰǦǣ ǫǣǬǟǬǮǬǰǫȴǣ ǞǨǰǦǠȴ 87

13. ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ 87

14. ǍǮǣǢǬǭǩǞǰȴ 88

15. ǏǬǡǩǞǯǬǠǞǫǦǣ ǮǣǥǣǮǠǬǠ 88

16. ǌǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ 89

17. ǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ 89

18. ǑǯǰǞǠǫȴǧ ǨǞǭǦǰǞǩ 90

19. ǍǮǬȯǣǫǰǫȴǣ ǨǮǣǢǦǰȴ Ǧ ǥǞǧǪȴ 91

20. ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪ 91

21. ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ 93

22. ǎǣǥǣǮǠȴ 94

23. ǋǞǩǬǡǦ Ǩ ǱǭǩǞǰǣ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ 95

24. ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ 95

25. ƾǠǞǫǯȴ ǭǬǩǱȰǣǫǫȴǣ 96

26. ǍǮǬȰǦǣ ǰǣǨǱȲǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ 96

27. ǌǭǣǮǞȯǦǦ ǯǬ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ 97

28. ǒǞǨǰǦȰǣǯǨǦǣ Ǧ ǭǬǰǣǫȯǦǞǩȵǫȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ 99

29. ǏǭǮǞǠǣǢǩǦǠǞȸ ǯǰǬǦǪǬǯǰȵ ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ 100

30. ǒǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ Ǧ ǱǭǮǞǠǩǣǫǦǣ ǮǦǯǨǞǪǦ 100

31. ǕǦǯǰǞȸ ǭǮǦǟȴǩȵ ǫǞ ǞǨȯǦȷ 103

32. ǏǬǟȴǰǦȸ ǭǬǯǩǣ ǬǰȰǣǰǫǬǡǬ ǭǣǮǦǬǢǞ 103



59



60

ǆǪǩǭǪǧǤǠǤǬǪǞǜǩǩȲǥ ǪǮȮǡǮǪ ǭǪǞǪǦǯǫǩǪǨ ǠǪǱǪǠǡЗD GQH, KDMQPZLF[L確Tb 31 HIMDESb 2011 G. (F U^TbZDX GSLFIP, MSQOI ZLTUQ確 RSLE^NL PD DMYLa)

ǍǮǦǪǣȰǞǫǦȸ 2011 ǡ. 2010 ǡ.

ǂǬǳǬǢȴ 8 12 332 345 11 443 025

ǏǰǬǦǪǬǯǰȵ ǪǞǰǣǮǦǞǩǬǠ Ǧ ǫǞȰǦǯǩǣǫǦȸ ǥǞ ǭǬǩȵǥǬǠǞǫǦǣ ǰǮǞǲǦǨǬǪ 8 (2 192 911) (1 939 528)

ǅǞǮǞǟǬǰǫǞȸ ǭǩǞǰǞ Ǧ ǮǞǯǳǬǢȴ ǫǞ ǭǣǮǯǬǫǞǩ 8 (948 744) (866 243)

ǍǮǬȰǦǣ ǬǭǣǮǞȯǦǬǫǫȴǣ ǮǞǯǳǬǢȴ 8 (2 325 816) (2 078 358)

ǍǮǬȰǦǣ ǢǬǳǬǢȴ 30 636 28 552

ǍǮǬȰǦǣ ǮǞǯǳǬǢȴ 8 (59 917) (64 373)

ǆǥǫǬǯ Ǧ ǞǪǬǮǰǦǥǞȯǦȸ 8 (2 109 508) (1 781 469)

ǑǟȴǰǬǨ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ 8 (12 476) (3 414)

4 713 609 4 738 192

ǒǦǫǞǫǯǬǠȴǣ ǢǬǳǬǢȴ 8 946 127 227 431

ǒǦǫǞǫǯǬǠȴǣ ǮǞǯǳǬǢȴ 8 (8 203) (7 217)

ǕǦǯǰȴǧ ǱǟȴǰǬǨ Ǭǰ ǨǱǮǯǬǠȴǳ ǮǞǥǫǦȯ (7 889) (36 196)

ǋǬǤǝȲǧȳ ǠǪ ǩǜǧǪǟǪǪǝǧǪǢǡǩǤȶ 5 643 644 4 922 210

ǎǞǯǳǬǢȴ ǭǬ ǫǞǩǬǡǱ ǫǞ ǭǮǦǟȴǩȵ 9 (1 376 114) (1 244 330)

ǋǬǤǝȲǧȳ ǣǜ ǟǪǠ 4 267 530 3 677 880

ǄǮǪǟǪ ǭǪǞǪǦǯǫǩȲǥ ǠǪǱǪǠ ǫǪǭǧǡ ǩǜǧǪǟǪǪǝǧǪǢǡǩǤȶ ǣǜ ǪǮȮǡǮǩȲǥ ǟǪǠ 4 267 530 3 677 880

ǕǦǯǰǞȸ ǭǮǦǟȴǩȵ ǫǞ ǞǨȯǦȷ, Ǡ ǡǮǦǠǫǞǳ 31 417,97 344,13

ǍǬǢǭǦǯǞǫǬ Ǧ ǱǰǠǣǮǤǢǣǫǬ Ǩ ǠȴǭǱǯǨǱ Ǭǰ ǦǪǣǫǦ ǕǞǯǰǫǬǡǬǞǨȯǦǬǫǣǮǫǬǡǬ ǬǟȲǣǯǰǠǞ «ǈǦǣǠǯǰǞǮ» 26 ǪǞǮǰǞ 2012 ǡ.:

ǍǮǣǥǦǢǣǫǰ

ǄǟǪǬȳ ǇǤǮǪǞȮǡǩǦǪ

ǒǦǫǞǫǯǬǠȴǧ ǢǦǮǣǨǰǬǮ

ƼǬǮǡǨ ǉǤȭ

ǅǞǪǣǯǰǦǰǣǩȵ ǲǦǫǞǫǯǬǠǬǡǬ ǢǦǮǣǨǰǬǮǞ/ǁǩǞǠǫȴǧ ǟǱǳǡǞǩǰǣǮ

Ǉǡǭȶ ǍǜǨǪǥǧǪǞǤȮ



61

ǆǪǩǭǪǧǤǠǤǬǪǞǜǩǩȲǥ ǪǮȮǡǮǪ ǰǤǩǜǩǭǪǞǪǨ ǭǪǭǮǪȶǩǤǤНD 31 HIMDESb 2011 G. (F U^TbZDX GSLFIP)

ǍǮǦǪǣȰǞǫǦȸ 2011 ǡ. 2010 ǡ.ƼǆǎǄƾǗǉǡǪǝǪǬǪǮǩȲǡ ǜǦǮǤǞȲǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ 10 7 094 873 6 274 153

ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ 11 883 500 970 861

ǍǮǬȰǦǣ ǫǣǬǟǬǮǬǰǫȴǣ ǞǨǰǦǠȴ 12 44 625 44 493

ǌǰǩǬǤǣǫǫȴǧ ǫǞǩǬǡǬǠȴǧ ǞǨǰǦǠ 9 401 487 635 940

8 424 485 7 925 447

ǊǝǪǬǪǮǩȲǡ ǜǦǮǤǞȲǅǞǭǞǯȴ 122 228 68 990

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ 13 510 387 320 553

ƾǠǞǫǯǬǠȴǣ ǭǩǞǰǣǤǦ ǭǬ ǫǞǩǬǡǱ ǫǞ ǭǮǦǟȴǩȵ 642 655 -

ƾǠǞǫǯǬǠȴǣ ǭǩǞǰǣǤǦ ǭǬ ǫǞǩǬǡǞǪ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ 14 249 401

ǍǮǣǢǬǭǩǞǰȴ 14 110 871 74 902

ǌǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ 16 106 211 92 583

ǍǮǬȰǦǣ ǬǟǬǮǬǰǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ 27 2 627 116 3 349 309

ǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ 17 892 806 1 595 056

5 026 523 5 501 794

ǄǎǊƿǊ ƼǆǎǄƾǗ 13 451 008 13 427 241

НD 31 HIMDESb 2011 G. (F U^TbZDX GSLFIP)

ǍǮǦǪǣȰǞǫǦȸ 2011 ǡ. 2010 ǡ.ǆƼǋǄǎƼǇ Ǆ ǊƽǛǃƼǎǁǇǘǍǎƾƼǆǜǫǤǮǜǧǑǯǰǞǠǫȴǧ ǨǞǭǦǰǞǩ 18 1 006 499 656 499

ǋǣǮǞǯǭǮǣǢǣǩǣǫǫǞȸ ǭǮǦǟȴǩȵ 10 613 771 10 679 975

ǏǬǟǯǰǠǣǫǫȴǣ ǠȴǨǱǭǩǣǫǫȴǣ ǞǨȯǦǦ 18 (370 398) -

11 249 872 11 336 474

ǀǪǧǟǪǭǬǪȮǩȲǡ ǪǝȶǣǜǮǡǧȳǭǮǞǜǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪ 20 40 873 37 262

ǎǣǥǣǮǠȴ 22 29 672 52 727

70 545 89 989

ǆǬǜǮǦǪǭǬǪȮǩȲǡ ǪǝȶǣǜǮǡǧȳǭǮǞǜǍǮǬȯǣǫǰǫȴǣ ǨǮǣǢǦǰȴ Ǧ ǥǞǧǪȴ 19 51 917 51 735

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪ 20 9 011 7 566

ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ 21 741 887 736 659

ǎǣǥǣǮǠȴ 22 1 767 12 986

ǋǞǩǬǡ ǫǞ ǭǮǦǟȴǩȵ Ǩ ǱǭǩǞǰǣ - 266 911

ǋǞǩǬǡǦ Ǩ ǱǭǩǞǰǣ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ 23 95 745 146 961

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ 24 904 009 480 288

ƾǠǞǫǯȴ ǭǬǩǱȰǣǫǫȴǣ 25 148 810 136 207

ǍǮǬȰǦǣ ǰǣǨǱȲǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ 26 177 445 161 465

2 130 591 2 000 778

ǄǎǊƿǊ ǆƼǋǄǎƼǇ Ǆ ǊƽǛǃƼǎǁǇǘǍǎƾƼ 13 451 008 13 427 241



62

ǆǪǩǭǪǧǤǠǤǬǪǞǜǩǩȲǥ ǪǮȮǡǮǪ ǠǞǤǢǡǩǤǤ ǠǡǩǡǢǩȲǱ ǭǬǡǠǭǮǞЗD GQH, KDMQPZLF[L確Tb 31 HIMDESb 2011 G. (F U^TbZDX GSLFIP)


ǊǫǡǬǜȭǤǪǩǩǜȶ ǠǡȶǮǡǧȳǩǪǭǮȳǍǮǦǟȴǩȵ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ 5 643 644 4 922 210

КQSSIMULSQFML PD PIHIPIJPÎ TUDU_L HNb TQGNDTQFDPLb RSLE^NL

HQ PDNQGQQENQJIPLb L ZLTU^X HIPIJP^X RQUQMQF:

ǆǥǫǬǯ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ 8 1 722 674 1 346 803

ǑǪǣǫȵȱǣǫǦǣ ǭǬǩǣǥǫǬǯǰǦ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǧ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ 8 12 476 3 414

ƾǪǬǮǰǦǥǞȯǦȸ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ 8 386 834 434 666

ǑǟȴǰǬǨ Ǭǰ ǠȴǟȴǰǦȸ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǧ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ 8 56 294 61 477

ǍǮǬȯǣǫǰǫȴǣ ǢǬǳǬǢȴ 8 (226 390) (150 641)

ƾǪǬǮǰǦǥǞȯǦȸ ǢǦǯǨǬǫǰǞ ǭǬ ǭǮǬȰǦǪ ǬǟǬǮǬǰǫȴǪ ǲǦǫǞǫǯǬǠȴǪ ǞǨǰǦǠǞǪ 8 (719 737) (76 790)

ǍǮǬȯǣǫǰǫȴǣ ǮǞǯǳǬǢȴ ǭǬ ǟǞǫǨǬǠǯǨǦǪ ǨǮǣǢǦǰǞǪ 8 3 959 3 942

ǍǮǬȰǦǣ ǲǦǫǞǫǯǬǠȴǣ ǮǞǯǳǬǢȴ 8 4 244 3 275

ǎǞǯǳǬǢȴ, ǠǬǥǫǦǨȱǦǣ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǬǭǣǮǞȯǦǧ, ǭǩǞǰǣǤ ǭǬ ǨǬǰǬǮȴǪ

ǬǯǱȲǣǯǰǠǩȸǣǰǯȸ ǫǞ ǬǯǫǬǠǣ ǞǨȯǦǧ 1 167 -

ǆǥǪǣǫǣǫǦȸ Ǡ ǮǣǥǣǮǠǞǳ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞǳ ǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪ (7 705) (6 254)

ǋǣǮǣǞǩǦǥǬǠǞǫǫȴǧ ǱǟȴǰǬǨ Ǭǰ ǨǱǮǯǬǠȴǳ ǮǞǥǫǦȯ 3 767 7 392

КQSSIMULSQFML QEQSQUPQGQ MDRLUDND:

ǑǠǣǩǦȰǣǫǦǣ ǥǞǭǞǯǬǠ (53 238) (4 501)

(ǑǠǣǩǦȰǣǫǦǣ) / ǱǪǣǫȵȱǣǫǦǣ ǰǬǮǡǬǠǬǧ Ǧ ǭǮǬȰǣǧ ǢǣǟǦǰǬǮǯǨǬǧ ǥǞǢǬǩ-

ǤǣǫǫǬǯǰǦ, ǭǮǣǢǬǭǩǞǰ Ǧ ǭǮǬȰǦǳ ǞǨǰǦǠǬǠ (244 618) 201 327

ǑǠǣǩǦȰǣǫǦǣ ǬǰǩǬǤǣǫǫȴǳ ǮǞǯǳǬǢǬǠ (13 628) (14 671)

ǑǠǣǩǦȰǣǫǦǣ ǰǬǮǡǬǠǬǧ Ǧ ǭǮǬȰǣǧ ǨǮǣǢǦǰǬǮǯǨǬǧ ǥǞǢǬǩǤǣǫǫǬǯǰǦ Ǧ ǫǞ-

ǩǬǡǬǠ Ǩ ǱǭǩǞǰǣ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ 63 717 132 890

ǑǠǣǩǦȰǣǫǦǣ ǬǰǩǬǤǣǫǫȴǳ ǢǬǳǬǢǬǠ 5 228 122 140

ǑǠǣǩǦȰǣǫǦǣ ǞǠǞǫǯǬǠ ǭǬǩǱȰǣǫǫȴǳ 12 603 9

ǑǠǣǩǦȰǣǫǦǣ / (ǱǪǣǫȵȱǣǫǦǣ) ǭǮǬȰǦǳ ǬǟȸǥǞǰǣǩȵǯǰǠ 15 980 (13 843)

6 667 271 6 972 845

ǍǮǬȯǣǫǰȴ ǭǬǩǱȰǣǫǫȴǣ 229 563 144 821

ǍǮǬȯǣǫǰȴ ǱǭǩǞȰǣǫǫȴǣ (3 957) (3 944)

ǑǭǩǞȰǣǫǫȴǧ ǫǞǩǬǡ ǫǞ ǭǮǦǟȴǩȵ (1 914 201) (234 233)

ǓǤǭǮȲǡ ǠǡǩǡǢǩȲǡ ǫǪǮǪǦǤ ǪǮ ǪǫǡǬǜȭǤǪǩǩǪǥ ǠǡȶǮǡǧȳǩǪǭǮǤ 4 978 676 6 879 489



63

ЗD GQH, KDMQPZLF[L確Tb 31 HIMDESb 2011 G. (F U^TbZDX GSLFIP)


ǄǩǞǡǭǮǤȭǤǪǩǩǜȶ ǠǡȶǮǡǧȳǩǪǭǮȳǍǮǦǬǟǮǣǰǣǫǦǣ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ (2 369 543) (1 356 578)

ǍǮǦǬǟǮǣǰǣǫǦǣ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ (267 438) (480 388)

ǀǬǥǠǮǞǰǫǞȸ ǟǣǯǭǮǬȯǣǫǰǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǭǬǪǬȲȵ, ǭǮǣǢǬǯǰǞǠǩǣǫǫǞȸ

ǯǠȸǥǞǫǫǬǧ ǯǰǬǮǬǫǣ 27 (105 000) (4 000 000)

ǀǬǥǠǮǞǰǫǞȸ ǟǣǯǭǮǬȯǣǫǰǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǭǬǪǬȲȵ, ǠǬǥǠǮǞȲǣǫǫǞȸ

ǯǠȸǥǞǫǫǬǧ ǯǰǬǮǬǫǬǧ 27 901 000 -

ǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ, ǭǬǩǱȰǣǫǫȴǣ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǭǮǦǯǬǣǢǦǫǣǫǦȸ

ǌǌǌ «ǏǰǬǮǪ»18 590 -

ǍǬǯǰǱǭǩǣǫǦȸ Ǭǰ ǭǮǬǢǞǤǦ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ 9 930 114 897

ǓǤǭǮȲǡ ǠǡǩǡǢǩȲǡ ǫǪǮǪǦǤ, ǤǭǫǪǧȳǣǪǞǜǩǩȲǡ Ǟ ǤǩǞǡǭǮǤȭǤǪǩ-

ǩǪǥ ǠǡȶǮǡǧȳǩǪǭǮǤ (1 830 461) (5 722 069)

ǐǤǩǜǩǭǪǞǜȶ ǠǡȶǮǡǧȳǩǪǭǮȳǂǦǠǦǢǣǫǢȴ, ǱǭǩǞȰǣǫǫȴǣ ǞǨȯǦǬǫǣǮǞǪ ǪǞǰǣǮǦǫǯǨǬǧ ǨǬǪǭǞǫǦǦ (3 654 533) (743 591)

ǋǞǩǬǡ ǫǞ ǢǦǠǦǢǣǫǢȴ (192 344) (21 625)

ǓǤǭǮȲǡ ǠǡǩǡǢǩȲǡ ǫǪǮǪǦǤ, ǤǭǫǪǧȳǣǪǞǜǩǩȲǡ Ǟ ǰǤǩǜǩǭǪǞǪǥ

ǠǡȶǮǡǧȳǩǪǭǮǤ (3 846 877) (765 216)

ǕǦǯǰǬǣ (ǱǪǣǫȵȱǣǫǦǣ) / ǱǠǣǩǦȰǣǫǦǣ ǢǣǫǣǤǫȴǳ ǯǮǣǢǯǰǠ Ǧ Ǧǳ ȶǨǠǦǠǞ-

ǩǣǫǰǬǠ (698 662) 392 204

ǕǦǯǰǞȸ ǨǱǮǯǬǠǞȸ ǮǞǥǫǦȯǞ (3 588) (7 542)

ǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ ǫǞ 1 ȸǫǠǞǮȸ 17 1 595 056 1 210 394

ǀǡǩǡǢǩȲǡ ǭǬǡǠǭǮǞǜ Ǥ ǤǱ ȴǦǞǤǞǜǧǡǩǮȲ ǩǜ 31 ǠǡǦǜǝǬȶ 17 892 806 1 595 056



64

ǆǪǩǭǪǧǤǠǤǬǪǞǜǩǩȲǥ ǪǮȮǡǮǪǝ ǤǣǨǡǩǡǩǤȶǱ Ǟ ǦǜǫǤǮǜǧǡ ǅǞ ǡǬǢ, ǥǞǨǬǫȰǦǠȱǦǧǯȸ 31 ǢǣǨǞǟǮȸ 2011 ǡ. (Ǡ ǰȴǯȸȰǞǳ ǡǮǦǠǣǫ)

ǍǮǦǳǬǢǦǰǯȸ ǫǞ ǞǨȯǦǬǫǣǮǬǠ ǪǞǰǣǮǦǫǯǨǬǧ ǨǬǪǭǞǫǦǦ

ǌǯǰǞǰǬǨ ǫǞ 1 ȸǫǠǞǮȸ ǑǯǰǞǠǫȴǧ ǨǞǭǦǰǞǩ

(ǍǮǦǪǣȰǞǫǦǣ 18)

ǋǣǮǞǯǭǮǣǢǣǩǣǫ-

ǫǞȸ ǭǮǦǟȴǩȵ

ǏǬǟǯǰǠǣǫǫȴǣ Ǡȴ-

ǨǱǭǩǣǫǫȴǣ ǞǨȯǦǦ

(ǍǮǦǪǣȰǞǫǦǣ 18)

ǆǰǬǡǬ ǨǞǭǦǰǞǩ

2010 ǟ. 656 499 8 322 298 - 8 978 797

ǍǮǦǟȴǩȵ ǥǞ ǡǬǢ - 3 677 880 - 3 677 880

ǆǰǬǡǬ ǯǬǠǬǨǱǭǫȴǧ ǢǬǳǬǢ ǭǬǯǩǣ ǫǞ-

ǩǬǡǬǬǟǩǬǤǣǫǦȸ ǥǞ ǬǰȰǣǰǫȴǧ ǡǬǢ - 3 677 880 - 3 677 880

ǌǟȳȸǠǩǣǫǫȴǣ ǢǦǠǦǢǣǫǢȴ (ǍǮǦǪǣ-

ȰǞǫǦǣ 18)- (765 216) - (765 216)

ǎǞǯǭǮǣǢǣǩǣǫǦǣ ǭǮǦǟȴǩǦ ǯǮǣǢǦ

ǞǨȯǦǬǫǣǮǬǠ - (554 987) - (554 987)

ǊǭǮǜǮǪǦ ǩǜ 31 ǠǡǦǜǝǬȶ 2010 ǟ. 656 499 10 679 975 - 11 336 474

ǍǮǦǟȴǩȵ ǥǞ ǡǬǢ - 4 267 530 - 4 267 530

ǆǰǬǡǬ ǯǬǠǬǨǱǭǫȴǧ ǢǬǳǬǢ ǭǬǯǩǣ ǫǞ-

ǩǬǡǬǬǟǩǬǤǣǫǦȸ ǥǞ ǬǰȰǣǰǫȴǧ ǡǬǢ - 4 267 530 - 4 267 530

ǌǟȳȸǠǩǣǫǫȴǣ ǢǦǠǦǢǣǫǢȴ (ǍǮǦǪǣ-

ȰǞǫǦǣ 18)- (3 846 877) - (3 846 877)

ǍǮǦǯǬǣǢǦǫǣǫǦǣ ǌǌǌ «ǏǰǬǮǪ» (ǍǮǦ-

ǪǣȰǞǫǦǣ 18)350 000 20 880 (370 398) 482

ǌǭǣǮǞȯǦǦ, ǭǩǞǰǣǤ ǭǬ ǨǬǰǬǮȴǪ ǬǯǱ-

ȲǣǯǰǠǩȸǣǰǯȸ ǫǞ ǬǯǫǬǠǣ ǞǨȯǦǧ - 1 167 - 1 167

ǎǞǯǭǮǣǢǣǩǣǫǦǣ ǭǮǦǟȴǩǦ ǯǮǣǢǦ

ǞǨȯǦǬǫǣǮǬǠ (ǍǮǦǪǣȰǞǫǦǣ 27)- (508 904) - (508 904)

ǊǭǮǜǮǪǦ ǩǜ 31 ǠǡǦǜǝǬȶ 2011 ǟ. 1 006 499 10 613 771 (370 398) 11 249 872



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1. ǆǫǲǬǮǪǞȯǦȸ Ǭ ǨǬǪǭǞǫǦǦǕǞǯǰǫǬǣ ǞǨȯǦǬǫǣǮǫǬǣ ǬǟȲǣǯǰǠǬ «ǈǦǣǠǯǰǞǮ» (ǢǞǩǣǣ – «ǈǦ-

ǣǠǯǰǞǮ» ǦǩǦ «ǈǬǪǭǞǫǦȸ») ǟȴǩǬ ǯǬǥǢǞǫǬ Ǧ ǥǞǮǣǡǦǯǰǮǦǮǬǠǞ-

ǫǬ ǯǬǡǩǞǯǫǬ ǥǞǨǬǫǬǢǞǰǣǩȵǯǰǠǱ ǑǨǮǞǦǫȴ 3 ǯǣǫǰȸǟǮȸ 1997 ǡ. ǂǣȸǰǣǩȵǫǬǯǰȵ ǈǬǪǭǞǫǦǦ ǠǨǩȷȰǞǣǰ ǭǮǬǣǨǰǦǮǬǠǞǫǦǣ, ǯǰǮǬ-

ǦǰǣǩȵǯǰǠǬ Ǧ ȶǨǯǭǩǱǞǰǞȯǦȷ ǯǣǰǦ ǯǬǰǬǠǬǧ ǯǠȸǥǦ Ǡ ǑǨǮǞǦǫǣ Ǧ

ǭǮǣǢǬǯǰǞǠǩǣǫǦǣ ȱǦǮǬǨǬǡǬ ǯǭǣǨǰǮǞ ǱǯǩǱǡ ǪǬǟǦǩȵǫǬǧ ǯǠȸ-

ǥǦ Ǡ ǑǨǮǞǦǫǣ.

ǜǮǦǢǦȰǣǯǨǦǧ ǞǢǮǣǯ ǈǬǪǭǞǫǦǦ: ǈǮǞǯǫǬǥǠǣǥǢǫȴǧ ǭǮ-ǰ, 51,

ǈǦǣǠ, 03110, ǑǨǮǞǦǫǞ. ǁǩǞǠǫȴǧ ǬǲǦǯ ǈǬǪǭǞǫǦǦ Ǧ ǣǣ ǬǯǫǬǠ-

ǫǬǣ ǪǣǯǰǬ ǠǣǢǣǫǦȸ ǢǣȸǰǣǩȵǫǬǯǰǦ ǮǞǯǭǬǩǬǤǣǫȴ ǭǬ Ǳǩ. ǂǣǡ-ǰȸǮǣǠǯǨǬǧ, 53, ǈǦǣǠ, 03113, ǑǨǮǞǦǫǞ.

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǞǨȯǦǬǫǣǮȴ Ǧ ǯǬǬǰǠǣǰǯǰǠǣǫ-

ǫǬ Ǧǳ ǢǬǩǦ Ǡ ǨǞǭǦǰǞǩǣ ǈǬǪǭǞǫǦǦ ǭǮǣǢǯǰǞǠǩǣǫȴ ǯǩǣǢǱȷ-

ȲǦǪ ǬǟǮǞǥǬǪ:

ǈǬǪǭǞǫǦȸ ǦǪǣǣǰ ǰǬǩȵǨǬ ǬǢǫǬ ǢǬȰǣǮǫǣǣ ǭǮǣǢǭǮǦȸǰǦǣ – ǂǍ

«ǏǰǞǮǞǠǰǬ», ǬǯǫǬǠǞǫǫǬǣ ǯ ȯǣǩȵȷ ǭǮǣǢǬǯǰǞǠǩǣǫǦȸ ǈǬǪǭǞ-

ǫǦǦ ǰǮǞǫǯǭǬǮǰǫȴǳ ǱǯǩǱǡ, Ǡ ǨǬǰǬǮǬǪ ǬǫǞ ǠǩǞǢǣǣǰ 100% ǢǬ-

ǩǣǧ ǱȰǞǯǰǦȸ. ǈǬǪǭǞǫǦȸ Ǧ ǣǣ ǢǬȰǣǮǫǣǣ ǭǮǣǢǭǮǦȸǰǦǣ ǢǞǩǣǣ

ǯǬǠǪǣǯǰǫǬ ǦǪǣǫǱȷǰǯȸ «ǁǮǱǭǭǞ».

ǊǞǰǣǮǦǫǯǨǬǧ ǨǬǪǭǞǫǦǣǧ ǈǬǪǭǞǫǦǦ ȸǠǩȸǣǰǯȸ ǨǬǪǭǞǫǦȸ

«ǀȴǪǭǣǩǈǬǪ ǉǰǢ.» ǯǬ ȱǰǞǟ-ǨǠǞǮǰǦǮǬǧ Ǡ ǡ. ƾǪǯǰǣǮǢǞǪǣ,

ǋǦǢǣǮǩǞǫǢȴ.

ǋǬǤǨǡȮǜǩǤȶ Ǧ ǦǪǩǭǪǧǤǠǤǬǪǞǜǩǩǪǥ

ǰǤǩǜǩǭǪǞǪǥ ǪǮȮǡǮǩǪǭǮǤ

НD 31 HIMDESb 2011 G. (F U^TbZDX GSLFIP)

2011 ǡ. 2010 ǡ.

ǂǬǩȸ ǱȰǞǯǰǦȸ ǈǬǩǦȰǣǯǰǠǬ

ǞǨȯǦǧ ǂǬǩȸ ǱȰǞǯǰǦȸ ǈǬǩǦȰǣǯǰǠǬ

ǞǨȯǦǧ«ǀȴǪǭǣǩǈǬǪ ǓǬǩǢǦǫǡǥ ƿ.ǀ.» (ǋǦǢǣǮǩǞǫǢȴ) 73,723% 13 039 562 56,520% 6 040 262

«ǀȴǪǭǣǩǈǬǪ ǉǰǢ.» (ƿǣǮǪǱǢǯǨǦǣ ǬǯǰǮǬǠǞ) 0,004% 700 - -

ǌǌǌ «ǏǰǬǮǪ» (ǑǨǮǞǦǫǞ) - - 43,480% 4 647 127

ǏǬǟǯǰǠǣǫǫȴǣ ǠȴǨǱǭǩǣǫǫȴǣ ǞǨȯǦǦ 26,273% 4 647 127 - -

100,000% 17 687 389 100,000% 10 687 389

2. ǑǯǩǬǠǦȸ ǲǱǫǨȯǦǬǫǦǮǬǠǞǫǦȸ,

ǮǦǯǨǦ Ǧ ȶǨǬǫǬǪǦȰǣǯǨǞȸ ǯǦǰǱǞȯǦȸ

Ǡ ǑǨǮǞǦǫǣǋǣǯǪǬǰǮȸ ǫǞ ǰǬ, ȰǰǬ ȶǨǬǫǬǪǦǨǞ ǑǨǮǞǦǫȴ ǭǮǦǥǫǞǫǞ Ǯȴ-

ǫǬȰǫǬǧ, ǬǫǞ ǭǮǬǢǬǩǤǞǣǰ ǢǣǪǬǫǯǰǮǦǮǬǠǞǰȵ ǫǣǨǬǰǬǮȴǣ

ǬǯǬǟǣǫǫǬǯǰǦ, Ǡ ǟǬǩȵȱǣǧ ǯǰǣǭǣǫǦ ǭǮǦǯǱȲǦǣ ǮǞǥǠǦǠǞȷ-

Ȳǣǧǯȸ ȶǨǬǫǬǪǦǨǣ. ǐǞǨǦǣ ǬǯǬǟǣǫǫǬǯǰǦ ǠǨǩȷȰǞȷǰ, ǫǬ ǫǣ

ǬǡǮǞǫǦȰǦǠǞȷǰǯȸ ǫǦǥǨǦǪ ǱǮǬǠǫǣǪ ǩǦǨǠǦǢǫǬǯǰǦ ǫǞ ǮȴǫǨǞǳ ǨǞǭǦǰǞǩǞ, ǬǰǫǬǯǦǰǣǩȵǫǬ ǠȴǯǬǨǦǪ ǱǮǬǠǫǣǪ ǦǫǲǩȸȯǦǦ Ǧ

ǫǞǩǦȰǦǣǪ ǠǞǩȷǰǫǬǡǬ ǨǬǫǰǮǬǩȸ, ǫǣ ǭǬǥǠǬǩȸȷȲǣǡǬ ǫǞȯǦǬ-

ǫǞǩȵǫǬǧ ǠǞǩȷǰǣ ǟȴǰȵ ǩǦǨǠǦǢǫȴǪ ǯǮǣǢǯǰǠǬǪ ǭǩǞǰǣǤǞ ǥǞ

ǭǮǣǢǣǩǞǪǦ ǑǨǮǞǦǫȴ. ǏǰǞǟǦǩȵǫǬǯǰȵ ȶǨǬǫǬǪǦǨǦ ǑǨǮǞǦǫȴ Ǡ

ǥǫǞȰǦǰǣǩȵǫǬǧ ǯǰǣǭǣǫǦ ǟǱǢǣǰ ǥǞǠǦǯǣǰȵ Ǭǰ ǭǬǩǦǰǦǨǦ Ǧ Ǣǣǧ-

ǯǰǠǦǧ ǭǮǞǠǦǰǣǩȵǯǰǠǞ, ǫǞǭǮǞǠǩǣǫǫȴǳ ǫǞ ǮǣǲǬǮǪǦǮǬǠǞǫǦǣ

ǞǢǪǦǫǦǯǰǮǞǰǦǠǫǬǧ Ǧ ǭǮǞǠǬǠǬǧ ǯǦǯǰǣǪ, Ǟ ǰǞǨǤǣ ȶǨǬǫǬǪǦ-

ǨǦ Ǡ ȯǣǩǬǪ. ǈǞǨ ǯǩǣǢǯǰǠǦǣ, ǬǭǣǮǞȯǦȸǪ Ǡ ǑǨǮǞǦǫǣ ǭǮǦǯǱȲǦ

ǮǦǯǨǦ, ǫǣ ǰǦǭǦȰǫȴǣ Ǣǩȸ ǯǰǮǞǫ ǯ ǮǞǥǠǦǰǬǧ ȶǨǬǫǬǪǦǨǬǧ.

ǋǞ ǱǨǮǞǦǫǯǨǱȷ ȶǨǬǫǬǪǦǨǱ ǠǩǦȸȷǰ ǮȴǫǬȰǫȴǣ ǨǬǩǣǟǞǫǦȸ

Ǧ ǯǫǦǤǣǫǦȸ ǰǣǪǭǬǠ ȶǨǬǫǬǪǦȰǣǯǨǬǡǬ ǮǞǥǠǦǰǦȸ Ǡ ǪǦǮǬǠǬǧ

ȶǨǬǫǬǪǦǨǣ. ǊǦǮǬǠǬǧ ǲǦǫǞǫǯǬǠȴǧ ǨǮǦǥǦǯ ǭǮǦǠǣǩ Ǩ ǯǫǦǤǣ-

ǫǦȷ ǠǞǩǬǠǬǡǬ ǠǫǱǰǮǣǫǫǣǡǬ ǭǮǬǢǱǨǰǞ, ǫǣǯǰǞǟǦǩȵǫǬǯǰǦ ǫǞ

ǮȴǫǨǞǳ ǨǞǭǦǰǞǩǞ, ǯǱȲǣǯǰǠǣǫǫǬǪǱ ǱǳǱǢȱǣǫǦȷ ǩǦǨǠǦǢǫǬǯǰǦ

Ǡ ǟǞǫǨǬǠǯǨǬǪ ǯǣǨǰǬǮǣ Ǧ ǱǤǣǯǰǬȰǣǫǦȷ ǱǯǩǬǠǦǧ ǨǮǣǢǦǰǬǠǞ-

ǫǦȸ Ǡ ǑǨǮǞǦǫǣ. ǋǣǯǪǬǰǮȸ ǫǞ ǯǰǞǟǦǩǦǥǞȯǦǬǫǫȴǣ ǪǣǮȴ, ǭǮǦ-

ǫǦǪǞǣǪȴǣ ǭǮǞǠǦǰǣǩȵǯǰǠǬǪ ǑǨǮǞǦǫȴ ǯ ȯǣǩȵȷ ǭǬǢǢǣǮǤǨǦ

ǟǞǫǨǬǠǯǨǬǡǬ ǯǣǨǰǬǮǞ Ǧ ǬǟǣǯǭǣȰǣǫǦȸ ǩǦǨǠǦǢǫǬǯǰǦ ǱǨǮǞǦǫ-

ǯǨǦǳ ǟǞǫǨǬǠ Ǧ ǨǬǪǭǞǫǦǧ, ǯǱȲǣǯǰǠǱǣǰ ǫǣǬǭǮǣǢǣǩǣǫǫǬǯǰȵ Ǭǰ-ǫǬǯǦǰǣǩȵǫǬ ǠǬǥǪǬǤǫǬǯǰǦ ǢǬǯǰǱǭǞ Ǩ ǦǯǰǬȰǫǦǨǞǪ ǨǞǭǦǰǞǩǞ,

Ǟ ǰǞǨǤǣ ǯǰǬǦǪǬǯǰǦ ǨǞǭǦǰǞǩǞ Ǣǩȸ ǁǮǱǭǭȴ Ǧ ǣǣ ǨǬǫǰǮǞǡǣǫǰǬǠ,

ǨǬǰǬǮǞȸ ǪǬǤǣǰ ǭǬǠǩǦȸǰȵ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ, ǮǣǥǱǩȵ-

ǰǞǰȴ ǬǭǣǮǞȯǦǧ Ǧ ȶǨǬǫǬǪǦȰǣǯǨǦǣ ǭǣǮǯǭǣǨǰǦǠȴ ǁǮǱǭǭȴ.

ǀ ǰǬ ǠǮǣǪȸ ǨǞǨ ǮǱǨǬǠǬǢǯǰǠǬ ǯȰǦǰǞǣǰ, ȰǰǬ ǬǫǬ ǭǮǦǫǦǪǞǣǰ Ǡǯǣ ǫǣǬǟǳǬǢǦǪȴǣ ǪǣǮȴ Ǣǩȸ ǭǬǢǢǣǮǤǞǫǦȸ ȶǨǬǫǬǪǦȰǣǯǨǬǧ

ǯǰǞǟǦǩȵǫǬǯǰǦ ǁǮǱǭǭȴ Ǡ ǯǩǬǤǦǠȱǦǳǯȸ ǱǯǩǬǠǦȸǳ, ǢǞǩȵǫǣǧ-

ȱǣǣ ǱǳǱǢȱǣǫǦǣ ǯǦǰǱǞȯǦǦ Ǡ ǱǨǞǥǞǫǫȴǳ Ǡȴȱǣ ǬǟǩǞǯǰȸǳ ǪǬǤǣǰ ǦǪǣǰȵ ǬǰǮǦȯǞǰǣǩȵǫǬǣ ǠǩǦȸǫǦǣ ǫǞ ǮǣǥǱǩȵǰǞǰȴ Ǣǣ-

ȸǰǣǩȵǫǬǯǰǦ Ǧ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ ǁǮǱǭǭȴ, ǨǬǰǬǮǬǣ ǫǣ-

ǠǬǥǪǬǤǫǬ ǬǭǮǣǢǣǩǦǰȵ ǫǞ ǢǞǫǫȴǧ ǪǬǪǣǫǰ.



66

4. ǆǥǪǣǫǣǫǦȸ Ǡ ǱȰǣǰǫǬǧ ǭǬǩǦǰǦǨǣǑȰǣǰǫǞȸ ǭǬǩǦǰǦǨǞ ǯǬǬǰǠǣǰǯǰǠǱǣǰ ǱȰǣǰǫǬǧ ǭǬǩǦǰǦǨǣ, ǭǮǦ-

ǪǣǫȸǠȱǣǧǯȸ Ǡ ǭǮǣǢȴǢǱȲǣǪ ǲǦǫǞǫǯǬǠǬǪ ǡǬǢǱ, ǥǞ ǦǯǨǩȷ-

ȰǣǫǦǣǪ ǯǩǣǢǱȷȲǦǳ ǫǬǠȴǳ Ǧ ǭǣǮǣǯǪǬǰǮǣǫǫȴǳ ǊǏǒǌ Ǧ ǆǫ-

ǰǣǮǭǮǣǰǞȯǦǧ IFRIC, ǠǯǰǱǭǞȷȲǦǳ Ǡ ǯǦǩǱ 1 ȸǫǠǞǮȸ 2011 ǡ.:

ǊǏƿǑ (IAS) 24 ǎǞǯǨǮȴǰǦǣ ǦǫǲǬǮǪǞȯǦǦ Ǭ ǯǠȸǥǞǫǫȴǳ ǯǰǬ-

ǮǬǫǞǳ (ǭǬǭǮǞǠǨǦ), ǠǯǰǱǭǦǠȱǦǧ Ǡ ǯǦǩǱ 1 ȸǫǠǞǮȸ 2011 ǡ.,

ǊǏƿǑ (IAS) 32 ǒǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ: ǭǮǣǢǯǰǞǠǩǣǫǦǣ

(ǭǬǭǮǞǠǨǦ), ǠǯǰǱǭǦǠȱǦǧ Ǡ ǯǦǩǱ 1 ǲǣǠǮǞǩȸ 2010 ǡ.,

ǆǫǰǣǮǭǮǣǰǞȯǦȸ IFRIC 14 ǍǮǣǢǬǭǩǞǰȴ ǬǰǫǬǯǦǰǣǩȵǫǬ ǪǦ-

ǫǦǪǞǩȵǫȴǳ ǰǮǣǟǬǠǞǫǦǧ Ǩ ǲǦǫǞǫǯǦǮǬǠǞǫǦȷ (ǭǬǭǮǞǠǨǦ),

ǠǯǰǱǭǦǠȱǞȸ Ǡ ǯǦǩǱ 1 ȸǫǠǞǮȸ 2011 ǡ.,

ǑǯǬǠǣǮȱǣǫǯǰǠǬǠǞǫǦȸ ǊǏǒǌ (ǪǞǧ 2010 ǡ.).

ǌǭǦǯǞǫǦǣ ǭǮǦǪǣǫǣǫǦȸ ǯǰǞǫǢǞǮǰǬǠ Ǧ ǦǫǰǣǮǭǮǣǰǞȯǦǦ ǭǮǦ-

ǠǣǢǣǫȴ ǫǦǤǣ:

МСБУ (IAS) 24 РDTMSÛLI LPWQSODYLL Q TFbKDPP^X TUQSQ-

PDX (RQRSDFML)

ǏǬǠǣǰ ǭǬ ǊǏǒǌ ǬǭǱǟǩǦǨǬǠǞǩ ǭǬǭǮǞǠǨǱ Ǩ ǊǏƿǑ (IAS) 24,

ǱǰǬȰǫȸȷȲǱȷ ǬǭǮǣǢǣǩǣǫǦǣ ǯǠȸǥǞǫǫǬǧ ǯǰǬǮǬǫȴ. ǋǬǠȴǣ

ǬǭǮǣǢǣǩǣǫǦȸ ǭǬǢȰǣǮǨǦǠǞȷǰ ǯǦǪǪǣǰǮǦȰǫȴǧ ǭǬǢǳǬǢ Ǩ Ǭǰ-ǫǬȱǣǫǦȸǪ ǯǬ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ Ǧ ǱǰǬȰǫȸȷǰ ǬǟǯǰǬȸ-

ǰǣǩȵǯǰǠǞ, ǭǬ ǨǬǰǬǮȴǪ ǲǦǥǦȰǣǯǨǦǣ ǩǦȯǞ Ǧ ǨǩȷȰǣǠǬǧ ǱǭǮǞǠ-

ǩǣǫȰǣǯǨǦǧ ǭǣǮǯǬǫǞǩ ǠǩǦȸȷǰ ǫǞ ǬǰǫǬȱǣǫǦȸ ǭǮǣǢǭǮǦȸǰǦȸ

ǯǬ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ. ǈǮǬǪǣ ǰǬǡǬ, ǭǬǭǮǞǠǨǞ ǠǠǬǢǦǰ ǦǯǨǩȷȰǣǫǦǣ Ǧǥ ǬǯǫǬǠǫȴǳ ǰǮǣǟǬǠǞǫǦǧ ǬǰǫǬǯǦǰǣǩȵǫǬ ǮǞǯ-ǨǮȴǰǦȸ ǦǫǲǬǮǪǞȯǦǦ Ǭ ǯǠȸǥǞǫǫȴǳ ǯǰǬǮǬǫǞǳ, ǨǬǰǬǮȴǣ ǨǞ-

ǯǞȷǰǯȸ ǬǭǣǮǞȯǦǧ ǯ ǬǮǡǞǫǬǪ ǡǬǯǱǢǞǮǯǰǠǣǫǫǬǧ ǠǩǞǯǰǦ Ǧ

ǭǮǣǢǭǮǦȸǰǦȸǪǦ, ǨǬǡǢǞ ǰǬǰ Ǥǣ ǬǮǡǞǫ ǡǬǯǱǢǞǮǯǰǠǣǫǫǬǧ ǠǩǞ-

ǯǰǦ ǦǪǣǣǰ ǨǬǫǰǮǬǩȵ, ǬǟȲǦǧ ǨǬǫǰǮǬǩȵ ǦǩǦ ǯǱȲǣǯǰǠǣǫǫǬǣ

ǠǩǦȸǫǦǣ Ǧ ǫǞ ǭǮǣǢǭǮǦȸǰǦǣ, ǯǬǯǰǞǠǩȸȷȲǣǣ ǬǰȰǣǰǫǬǯǰȵ, Ǧ

ǫǞ ȶǰǦ ǭǮǬȰǦǣ ǭǮǣǢǭǮǦȸǰǦȸ. ǂǞǫǫȴǣ ǭǬǭǮǞǠǨǦ ǫǣ ǬǨǞǥǞǩǦ

ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵǰǞǰȴ Ǣǣȸ-

ǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.

МСБУ (IAS) 32 ФLPDPTQFÎ LPTUSVOIPU^: RSIHTUDFNIPLI

(RQRSDFML)

ǏǬǠǣǰ ǭǬ ǊǏǒǌ ǬǭǱǟǩǦǨǬǠǞǩ ǭǬǭǮǞǠǨǱ, ǯǬǡǩǞǯǫǬ ǨǬǰǬǮǬǧ

Ǫǣǫȸǣǰǯȸ ǬǭǮǣǢǣǩǣǫǦǣ ǲǦǫǞǫǯǬǠȴǳ ǬǟȸǥǞǰǣǩȵǯǰǠ Ǡ ǊǏƿǑ

(IAS) 32, ǨǬǰǬǮǬǣ ǢǞǣǰ ǭǮǞǠǬ ǭǮǣǢǭǮǦȸǰǦȸǪ ǨǩǞǯǯǦǲǦȯǦ-

ǮǬǠǞǰȵ ǠȴǭǱǯǨ ǭǮǞǠ ǫǞ ǞǨȯǦǦ Ǣǩȸ ǯǱȲǣǯǰǠǱȷȲǦǳ ǞǨȯǦǬǫǣ-

ǮǬǠ, ǬǭǮǣǢǣǩǣǫǫȴǣ ǬǭȯǦǬǫȴ Ǧ ǠǞǮǮǞǫǰȴ ǨǞǨ ǦǫǯǰǮǱǪǣǫǰȴ

ǯǬǟǯǰǠǣǫǫǬǡǬ ǨǞǭǦǰǞǩǞ. ǛǰǞ ǭǬǭǮǞǠǨǞ ǭǮǦǪǣǫȸǣǰǯȸ, ǣǯǩǦ

ǭǮǞǠǞ ǭǮǦǬǟǮǣǯǰǦ ǲǦǨǯǦǮǬǠǞǫǫǬǣ ǨǬǩǦȰǣǯǰǠǬ ǯǬǟǯǰǠǣǫ-

ǫȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ ǨǞǭǦǰǞǩǞ ǭǮǣǢǭǮǦȸǰǦȸ ǥǞ ǲǦǨǯǦǮǬ-

ǠǞǫǫǱȷ ǯǱǪǪǱ ǩȷǟǬǧ ǠǞǩȷǰȴ ǭǮǣǢǩǞǡǞȷǰǯȸ ǭǮǬǭǬǮȯǦǬ-

ǫǞǩȵǫǬ Ǣǩȸ Ǡǯǣǳ ǣǡǬ ǯǱȲǣǯǰǠǱȷȲǦǳ ǯǬǟǯǰǠǣǫǫǦǨǬǠ ǰǬǡǬ

Ǥǣ ǨǩǞǯǯǞ, ȰǰǬ Ǧ ǣǡǬ ǯǬǟǯǰǠǣǫǫȴǣ ǫǣǭǮǬǦǥǠǬǢǫȴǣ ǦǫǯǰǮǱ-

Ǫǣǫǰȴ ǯǬǟǯǰǠǣǫǫǬǡǬ ǨǞǭǦǰǞǩǞ. ǂǞǫǫǞȸ ǭǬǭǮǞǠǨǞ ǫǣ ǬǨǞ-

ǥǞǩǞ ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵǰǞǰȴ

ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.

ИPUISRSIUDYLb IFRIC 14 ПSIHQRNDU^ QUPQTLUIN_PQ OL-

PLODN_P^X USIEQFDPL確 M WLPDPTLSQFDPLa (RQRSDFML)

ǍǬǭǮǞǠǨǞ ǱǯǰǮǞǫȸǣǰ ǫǣǱǪȴȱǩǣǫǫȴǣ ǭǬǯǩǣǢǯǰǠǦȸ, ǨǬǡǢǞ

ǭǮǣǢǭǮǦȸǰǦǣ ǬǟȸǥǞǫǬ ǯǬǟǩȷǢǞǰȵ ǪǦǫǦǪǞǩȵǫȴǣ ǰǮǣǟǬǠǞ-

ǫǦȸ Ǩ ǲǦǫǞǫǯǦǮǬǠǞǫǦȷ Ǧ ǥǞǮǞǫǣǣ ǢǣǩǞǣǰ ǠǥǫǬǯȴ, ȰǰǬǟȴ

ǠȴǭǬǩǫǦǰȵ ǰǞǨǦǣ ǰǮǣǟǬǠǞǫǦȸ. ǍǬǭǮǞǠǨǞ ǭǬǥǠǬǩȸǣǰ ǭǮǣǢ-

ǭǮǦȸǰǦȸǪ ǭǮǦǥǫǞǠǞǰȵ ǠǥǫǬǯȴ, ǯǠȸǥǞǫǫȴǣ ǯ ǟǱǢǱȲǣǧ ǱǯǩǱ-

ǡǬǧ, ǨǞǨ ǞǨǰǦǠ ǯ ǬǭǮǣǢǣǩǣǫǫǬǧ ǠȴǭǩǞǰǬǧ. ǂǞǫǫǞȸ ǭǬǭǮǞǠ-

ǨǞ Ǩ ǆǫǰǣǮǭǮǣǰǞȯǦǦ ǫǣ ǬǨǞǥǞǩǞ ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ

ǯǬǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ, ǭǬǯǨǬǩȵ-

ǨǱ ǁǮǱǭǭǞ ǫǣ ǲǬǮǪǦǮǱǣǰ ǬǰǢǣǩȵǫȴǳ ǲǬǫǢǬǠ ǭǬǢ ǠȴǭǩǞǰȴ

ǮǞǟǬǰǫǦǨǞǪ.

УTQFIS[IPTUFQFDPLb МСФО (OD確 2010 G.)

ǀ ǪǞǣ 2010 ǡ. ǏǬǠǣǰ ǭǬ ǊǏǒǌ ǠȴǭǱǯǰǦǩ ǨǬǪǭǩǣǨǰ ǭǬ-

ǭǮǞǠǬǨ Ǩ ǯǠǬǦǪ ǯǰǞǫǢǞǮǰǞǪ, ǡǩǞǠǫȴǪ ǬǟǮǞǥǬǪ, ǯ ȯǣǩȵȷ

ǱǯǰǮǞǫǣǫǦȸ ǠǫǱǰǮǣǫǫǦǳ ǫǣǯǬǬǰǠǣǰǯǰǠǦǧ Ǧ ǱǰǬȰǫǣǫǦȸ ǲǬǮ-

ǪǱǩǦǮǬǠǬǨ. ǌǰǫǬǯǦǰǣǩȵǫǬ ǨǞǤǢǬǡǬ ǯǰǞǫǢǞǮǰǞ ǯǱȲǣǯǰǠǱ-

ȷǰ ǬǰǢǣǩȵǫȴǣ ǭǣǮǣǳǬǢǫȴǣ ǭǬǩǬǤǣǫǦȸ.

ǍǮǦǪǣǫǣǫǦǣ ǱǨǞǥǞǫǫȴǳ ǫǦǤǣ ǭǬǭǮǞǠǬǨ ǭǮǦǠǣǩǬ Ǩ ǦǥǪǣ-

ǫǣǫǦȷ ǱȰǣǰǫǬǧ ǭǬǩǦǰǦǨǦ, ǫǬ ǫǣ ǬǨǞǥǞǩǬ ǯǱȲǣǯǰǠǣǫǫǬǡǬ

ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵǰǞǰȴ Ǣǣȸ-

ǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.

3. ǌǯǫǬǠǞ ǯǬǯǰǞǠǩǣǫǦȸ

ǬǰȰǣǰǫǬǯǰǦǂǞǫǫǞȸ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǬǰȰǣǰǫǬǯǰȵ ǟȴǩǞ

ǯǬǯǰǞǠǩǣǫǞ ǫǞ ǬǯǫǬǠǣ ǭǮǦǫȯǦǭǞ ǦǯǰǬǮǦȰǣǯǨǬǧ ǯǰǬǦǪǬǯǰǦ,

ǥǞ ǦǯǨǩȷȰǣǫǦǣǪ ǫǣǨǬǰǬǮȴǳ ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ,

ǬȯǣǫǦǠǞǣǪȴǳ ǯǬǡǩǞǯǫǬ ǭǬǩǬǤǣǫǦȸǪ ǊǏƿǑ (IAS) 39 «ǒǦ-

ǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ: ǍǮǦǥǫǞǫǦǣ Ǧ ǬȯǣǫǨǞ».

ǂǞǫǫǞȸ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǬǰȰǣǰǫǬǯǰȵ

ǭǮǣǢǯǰǞǠǩǣǫǞ Ǡ ǡǮǦǠǫǞǳ («ǡǮǫ»), Ǧ Ǡǯǣ ǯǱǪǪȴ ǬǨǮǱǡǩǣǫȴ ǢǬ

ǟǩǦǤǞǧȱǣǧ ǰȴǯȸȰǦ, ǣǯǩǦ ǫǣ ǱǨǞǥǞǫǬ ǦǫǬǣ.

ǃǜȶǞǧǡǩǤǡ Ǫ ǭǪǪǮǞǡǮǭǮǞǤǤǈǬǫǯǬǩǦǢǦǮǬǠǞǫǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǬǰȰǣǰǫǬǯǰȵ ǁǮǱǭǭȴ ǟȴǩǞ

ǯǬǯǰǞǠǩǣǫǞ ǯǬǡǩǞǯǫǬ ǊǣǤǢǱǫǞǮǬǢǫȴǳ ǯǰǞǫǢǞǮǰǬǠ ǲǦǫǞǫ-

ǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ (ǊǏǒǌ) Ǡ ǮǣǢǞǨȯǦǦ, ǬǭǱǟǩǦǨǬǠǞǫǫǬǧ

ǏǬǠǣǰǬǪ ǭǬ ǊǣǤǢǱǫǞǮǬǢǫȴǪ ǯǰǞǫǢǞǮǰǬǠǞǪ ǲǦǫǞǫǯǬǠǬǧ

ǬǰȰǣǰǫǬǯǰǦ (ǏǬǠǣǰ ǭǬ ǊǏǒǌ).

ǊǭǩǪǞǜ ǦǪǩǭǪǧǤǠǜȭǤǤǂǞǫǫǞȸ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǬǰȰǣǰǫǬǯǰȵ

ǠǨǩȷȰǞǣǰ ǲǦǫǞǫǯǬǠǱȷ ǬǰȰǣǰǫǬǯǰȵ ǈǬǪǭǞǫǦǦ Ǧ ǣǣ ǢǬȰǣǮ-

ǫǣǡǬ ǭǮǣǢǭǮǦȸǰǦȸ, Ǡ ǨǬǰǬǮǬǪ ǈǬǪǭǞǫǦȸ ǠǩǞǢǣǣǰ 100%

ǢǬǩǣǧ ǱȰǞǯǰǦȸ. ǂǬȰǣǮǫǣǣ ǭǮǣǢǭǮǦȸǰǦǣ ǭǬǩǫǬǯǰȵȷ ǨǬǫǯǬ-

ǩǦǢǦǮǱǣǰǯȸ ǯ ǢǞǰȴ ǣǡǬ ǯǬǥǢǞǫǦȸ ǈǬǪǭǞǫǦǣǧ. ǒǦǫǞǫǯǬǠǞȸ

ǬǰȰǣǰǫǬǯǰȵ ǢǬȰǣǮǫǣǡǬ ǭǮǣǢǭǮǦȸǰǦȸ ǯǬǯǰǞǠǩǣǫǞ ǥǞ ǰǬǰ Ǥǣ

ǬǰȰǣǰǫȴǧ ǭǣǮǦǬǢ, ȰǰǬ Ǧ ǬǰȰǣǰǫǬǯǰȵ ǈǬǪǭǞǫǦǦ, ǫǞ ǬǯǫǬǠǞ-

ǫǦǦ ǭǬǯǩǣǢǬǠǞǰǣǩȵǫǬǡǬ ǭǮǦǪǣǫǣǫǦȸ ǱȰǣǰǫǬǧ ǭǬǩǦǰǦǨǦ.

ǀǯǣ ǠǫǱǰǮǦǡǮǱǭǭǬǠȴǣ ǬǯǰǞǰǨǦ, ǢǬǳǬǢȴ Ǧ ǮǞǯǳǬǢȴ, Ǟ ǰǞǨ-

Ǥǣ ǫǣǮǣǞǩǦǥǬǠǞǫǫȴǣ ǭǮǦǟȴǩǦ Ǧ ǱǟȴǰǨǦ, ǠǬǥǫǦǨǞȷȲǦǣ

Ǡ ǮǣǥǱǩȵǰǞǰǣ ǠǫǱǰǮǦǡǮǱǭǭǬǠȴǳ ǬǭǣǮǞȯǦǧ, ǭǬǩǫǬǯǰȵȷ Ǧǯ-ǨǩȷȰǞȷǰǯȸ.



67

ǊǏǒǌ (IFRS) 7 ǒǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ: ǮǞǯǨǮȴǰǦǣ

ǦǫǲǬǮǪǞȯǦǦ: ǍǬǭǮǞǠǨǞ ǟȴǩǞ ǭǮǣǢǫǞǥǫǞȰǣǫǞ Ǣǩȸ ǱǭǮǬȲǣ-

ǫǦȸ ǮǞǯǨǮȴǰǦȸ ǦǫǲǬǮǪǞȯǦǦ ǥǞ ǯȰǣǰ ǯǬǨǮǞȲǣǫǦȸ ǬǟȳǣǪǞ

ǮǞǯǨǮȴǰǦȸ ǦǫǲǬǮǪǞȯǦǦ ǬǰǫǬǯǦǰǣǩȵǫǬ ǱǢǣǮǤǦǠǞǣǪǬǡǬ ǥǞ-

ǩǬǡǞ Ǧ ǱǩǱȰȱǣǫǦȸ ǮǞǯǨǮȴǰǦȸ ǦǫǲǬǮǪǞȯǦǦ, ǰǮǣǟǱȸ ǭǮǣǢǬ-

ǯǰǞǠǩǣǫǦȸ ǨǞȰǣǯǰǠǣǫǫǬǧ ǦǫǲǬǮǪǞȯǦǦ Ǡ ǨǬǫǰǣǨǯǰǣ ǨǬǩǦȰǣ-

ǯǰǠǣǫǫǬǡǬ ǮǞǯǨǮȴǰǦȸ. ǁǮǱǭǭǞ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǪ ǬǟǮǞǥǬǪ

ǦǥǪǣǫǦǩǞ ǯǠǬȷ ǱȰǣǰǫǱȷ ǭǬǩǦǰǦǨǱ, ǫǬ ǢǞǫǫǞȸ ǭǬǭǮǞǠǨǞ ǫǣ

ǬǨǞǥǞǩǞ ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵǰǞ-

ǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.

ǊǏƿǑ (IAS) 1 ǍǮǣǢǯǰǞǠǩǣǫǦǣ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ:

ǍǬǭǮǞǠǨǞ ǱǰǬȰǫȸǣǰ, ȰǰǬ ǭǮǣǢǭǮǦȸǰǦǣ ǦǪǣǣǰ ǭǮǞǠǬ ǮǞǯ-ǨǮȴǠǞǰȵ ǞǫǞǩǦǥ ǨǞǤǢǬǡǬ ǨǬǪǭǬǫǣǫǰǞ ǭǮǬȰǣǡǬ ǯǬǠǬǨǱǭǫǬ-

ǡǬ ǢǬǳǬǢǞ ǩǦǟǬ Ǡ ǬǰȰǣǰǣ Ǭǟ ǦǥǪǣǫǣǫǦȸǳ Ǡ ǨǞǭǦǰǞǩǣ, ǩǦǟǬ

Ǡ ǭǮǦǪǣȰǞǫǦȸǳ Ǩ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ. ǁǮǱǭǭǞ ǯǬǬǰǠǣǰ-ǯǰǠǱȷȲǦǪ ǬǟǮǞǥǬǪ ǦǥǪǣǫǦǩǞ ǯǠǬȷ ǱȰǣǰǫǱȷ ǭǬǩǦǰǦǨǱ, ǫǬ

ǢǞǫǫǞȸ ǭǬǭǮǞǠǨǞ ǫǣ ǬǨǞǥǞǩǞ ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǱȷ Ǭǰ-ȰǣǰǫǬǯǰȵ ǥǞ 2011 ǡ., ǭǬǯǨǬǩȵǨǱ ǁǮǱǭǭǞ ǫǣ ǦǪǣǩǞ ǭǮǬȰǣǡǬ

ǯǬǠǬǨǱǭǫǬǡǬ ǢǬǳǬǢǞ.

ǆǫǰǣǮǭǮǣǰǞȯǦȸ IFRIC 13 ǍǮǬǡǮǞǪǪȴ ǩǬȸǩȵǫǬǯǰǦ ǨǩǦǣǫǰǞ

(ǌȯǣǫǨǞ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǟǞǩǩǬǠ ǠǬǥǫǞǡǮǞǤǢǣ-

ǫǦȸ): ǍǬǭǮǞǠǨǞ ǱǰǬȰǫȸǣǰ, ȰǰǬ ǬǯǱȲǣǯǰǠǩȸȸ ǬȯǣǫǨǱ ǯǭǮǞ-

ǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǟǞǩǩǬǠ ǠǬǥǫǞǡǮǞǤǢǣǫǦȸ ǭǱǰǣǪ ǯǯȴǩ-

ǨǦ ǫǞ Ǧǳ ǯǭǮǞǠǣǢǩǦǠǱȷ ǯǰǬǦǪǬǯǰȵ, ǭǬ ǨǬǰǬǮǬǧ Ǧǳ ǪǬǤǫǬ

ǭǬǩǱȰǦǰȵ, ǫǣǬǟǳǬǢǦǪǬ ǱȰǦǰȴǠǞǰȵ ǯǱǪǪǱ ǯǨǦǢǬǨ ǦǩǦ ǭǬ-

ǬȲǮǣǫǦǧ, ǭǮǣǢǩǬǤǣǫǫȴǳ ǨǩǦǣǫǰǞǪ, ǫǣǥǞǠǦǯǦǪǬ Ǭǰ ǰǬǡǬ,

ǱȰǞǯǰǠǱȷǰ ǩǦ ǬǫǦ Ǡ ǭǮǬǡǮǞǪǪǞǳ ǭǬǩǱȰǣǫǦȸ ǟǞǩǩǬǠ ǠǬǥǫǞ-

ǡǮǞǤǢǣǫǦȸ. ǂǞǫǫǞȸ ǭǬǭǮǞǠǨǞ ǭǮǦǪǣǫȸǣǰǯȸ Ǣǩȸ ǡǬǢǬǠȴǳ ǭǣǮǦǬǢǬǠ, ǫǞȰǦǫǞȷȲǦǳǯȸ 1 ȸǫǠǞǮȸ 2011 ǡ. ǁǮǱǭǭǞ ǯǬǬǰ-ǠǣǰǯǰǠǱȷȲǦǪ ǬǟǮǞǥǬǪ ǦǥǪǣǫǦǩǞ ǯǠǬȷ ǱȰǣǰǫǱȷ ǭǬǩǦǰǦǨǱ, ǫǬ ǢǞǫǫǞȸ ǭǬǭǮǞǠǨǞ ǫǣ ǬǨǞǥǞǩǞ ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ

ǯǬǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.

ǍǮǬȰǦǣ ǭǬǭǮǞǠǨǦ Ǩ ǱǨǞǥǞǫǫȴǪ ǫǦǤǣ ǯǰǞǫǢǞǮǰǞǪ, ǭǮǦǫȸ-

ǰȴǣ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǭǮǬǣǨǰǞ «ǑǯǬǠǣǮȱǣǫǯǰǠǬǠǞǫǦȸ ǊǏǒǌ»,

ǫǣ ǬǨǞǥǞǩǦ ǠǩǦȸǫǦȸ ǫǞ ǱȰǣǰǫǱȷ ǭǬǩǦǰǦǨǱ, ǲǦǫǞǫǯǬǠǬǣ ǯǬ-

ǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ:

ǊǏǒǌ (IFRS) 3 ǌǟȳǣǢǦǫǣǫǦǣ ǟǦǥǫǣǯǞ (ǑǯǩǬǠǫǞȸ ǨǬǪǭǣǫ-

ǯǞȯǦȸ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǬǟȳǣǢǦǫǣǫǦȸ ǟǦǥǫǣǯǞ, ǨǬǰǬǮǬǣ ǭǮǣǢ-

ȱǣǯǰǠǬǠǞǩǬ ǭǮǦǫȸǰǬǪǱ ǊǏǒǌ (IFRS) 3 (ǭǣǮǣǯǪǬǰǮǣǫǫǬǪǱ

Ǡ 2008 ǡ.)),

ǊǏǒǌ (IFRS) 3 ǌǟȳǣǢǦǫǣǫǦǣ ǟǦǥǫǣǯǞ (ǊǣǰǬǢȴ, ǨǬǰǬǮȴǣ

ǪǬǡǱǰ ǭǮǦǪǣǫȸǰȵǯȸ Ǣǩȸ ǬȯǣǫǨǦ ǫǣǨǬǫǰǮǬǩǦǮǱǣǪǬǧ ǢǬǩǦ),

ǊǏǒǌ (IFRS) 3 ǌǟȳǣǢǦǫǣǫǦǣ ǟǦǥǫǣǯǞ (ǀǬǥǫǞǡǮǞǤǢǣǫǦȸ

ǯ ǭǩǞǰǣǤǞǪǦ ǫǞ ǬǯǫǬǠǣ ǞǨȯǦǧ, ǨǬǰǬǮȴǣ ǫǣ ǥǞǪǣȲǞȷǰǯȸ Ǧ ǥǞ-

ǪǣȲǞȷǰǯȸ ǫǞ ǢǬǟǮǬǠǬǩȵǫǬǧ ǬǯǫǬǠǣ),

ǊǏƿǑ (IAS) 27 ǈǬǫǯǬǩǦǢǦǮǬǠǞǫǫǞȸ Ǧ ǬǰǢǣǩȵǫǞȸ ǲǦǫǞǫǯǬ-

ǠǞȸ ǬǰȰǣǰǫǬǯǰȵ,

ǊǏƿǑ (IAS) 34 ǍǮǬǪǣǤǱǰǬȰǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǬǰȰǣǰǫǬǯǰȵ,

ǆǫǰǣǮǭǮǣǰǞȯǦȸ IFRIC 19 ǍǬǡǞȱǣǫǦǣ ǲǦǫǞǫǯǬǠȴǳ ǬǟȸǥǞ-

ǰǣǩȵǯǰǠ ǦǫǯǰǮǱǪǣǫǰǞǪǦ ǯǬǟǯǰǠǣǫǫǬǡǬ ǨǞǭǦǰǞǩǞ.

5. ǌǯǫǬǠǫȴǣ ǭǬǩǬǤǣǫǦȸ ǱȰǣǰǫǬǧ

ǭǬǩǦǰǦǨǦǐǯǩǦȭǤǪǩǜǧȳǩǜȶ ǞǜǧȵǮǜ Ǥ ǞǜǧȵǮǜ

ǫǬǡǠǭǮǜǞǧǡǩǤȶǒǱǫǨȯǦǬǫǞǩȵǫǬǧ ǠǞǩȷǰǬǧ Ǧ ǠǞǩȷǰǬǧ ǭǮǣǢǯǰǞǠǩǣǫǦȸ ǬǰȰǣǰ-ǫǬǯǰǦ ǨǞǤǢǬǡǬ ǭǮǣǢǭǮǦȸǰǦȸ ǁǮǱǭǭȴ ȸǠǩȸǣǰǯȸ ǡǮǦǠǫǞ.

ǊǫǡǬǜȭǤǤ Ǟ ǤǩǪǭǮǬǜǩǩǪǥ ǞǜǧȵǮǡǌǭǣǮǞȯǦǦ, ǢǣǫǬǪǦǫǦǮǬǠǞǫǫȴǣ Ǡ ǠǞǩȷǰǞǳ, ǬǰǩǦȰǞȷȲǦǳǯȸ Ǭǰ ǯǬǬǰǠǣǰǯǰǠǱȷȲǣǧ ǲǱǫǨȯǦǬǫǞǩȵǫǬǧ ǠǞǩȷǰȴ (ǦǫǬǯǰǮǞǫǫȴǣ

ǠǞǩȷǰȴ), ǭǣǮǠǬǫǞȰǞǩȵǫǬ ǬǰǮǞǤǞȷǰǯȸ Ǡ ǲǱǫǨȯǦǬǫǞǩȵǫǬǧ

ǠǞǩȷǰǣ ǭǬ ǬǟǪǣǫǫǬǪǱ ǨǱǮǯǱ, ǢǣǧǯǰǠǱȷȲǣǪǱ ǫǞ ǢǞǰǱ ǭǮǬǠǣ-

ǢǣǫǦȸ ǬǭǣǮǞȯǦǦ. ǊǬǫǣǰǞǮǫȴǣ ǞǨǰǦǠȴ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ, Ǣǣ-

ǫǬǪǦǫǦǮǬǠǞǫǫȴǣ Ǡ ǦǫǬǯǰǮǞǫǫȴǳ ǠǞǩȷǰǞǳ, ǭǣǮǣǯȰǦǰȴǠǞȷǰǯȸ

Ǡ ǲǱǫǨȯǦǬǫǞǩȵǫǱȷ ǠǞǩȷǰǱ ǭǬ ǬǟǪǣǫǫǬǪǱ ǨǱǮǯǱ ǫǞ ǬǰȰǣǰǫǱȷ

ǢǞǰǱ. ǋǣǪǬǫǣǰǞǮǫȴǣ ǯǰǞǰȵǦ, ǬȯǣǫǦǠǞǣǪȴǣ ǭǬ ǦǯǰǬǮǦȰǣǯǨǬǧ

ǯǰǬǦǪǬǯǰǦ Ǡ ǦǫǬǯǰǮǞǫǫǬǧ ǠǞǩȷǰǣ, ǭǣǮǣǯȰǦǰȴǠǞȷǰǯȸ ǭǬ Ǭǟ-

ǪǣǫǫǬǪǱ ǨǱǮǯǱ, ǢǣǧǯǰǠǬǠǞǠȱǣǪǱ ǫǞ ǢǞǰǱ ǭǮǬǠǣǢǣǫǦȸ ǬǭǣǮǞ-

ȯǦǦ. ǎǣǥǱǩȵǰǞǰ ǰǞǨǬǡǬ ǭǣǮǣǯȰǣǰǞ ǭǮǦǥǫǞǣǰǯȸ Ǡ ǭǮǦǟȴǩȸǳ Ǧ

ǱǟȴǰǨǞǳ.

ǋǣǪǬǫǣǰǞǮǫȴǣ ǯǰǞǰȵǦ, ǱȰǦǰȴǠǞǣǪȴǣ ǭǬ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦ-

ǪǬǯǰǦ Ǡ ǦǫǬǯǰǮǞǫǫǬǧ ǠǞǩȷǰǣ, ǭǣǮǣǯȰǦǰȴǠǞȷǰǯȸ ǭǬ ǬǟǪǣǫǫǬ-

ǪǱ ǨǱǮǯǱ, ǢǣǧǯǰǠǱȷȲǣǪǱ ǫǞ ǢǞǰǱ ǬǭǮǣǢǣǩǣǫǦȸ ǯǭǮǞǠǣǢǩǦǠǬǧ

ǯǰǬǦǪǬǯǰǦ. ǎǣǥǱǩȵǰǞǰ ǰǞǨǬǡǬ ǭǣǮǣǯȰǣǰǞ ǭǮǦǥǫǞǣǰǯȸ Ǡ ǭǮǦǟȴ-

ǩȸǳ ǦǩǦ ǱǟȴǰǨǞǳ Ǭǰ ǦǥǪǣǫǣǫǦȸ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǯǰǞ-

ǰȵǦ (ǨǱǮǯǬǠȴǣ ǮǞǥǫǦȯȴ ǭǬ ǯǰǞǰȵȸǪ, ǦǥǪǣǫǣǫǦȸ ǯǭǮǞǠǣǢǩǦ-

ǠǬǧ ǯǰǬǦǪǬǯǰǦ ǨǬǰǬǮȴǳ ǱȰǦǰȴǠǞȷǰǯȸ Ǡ ǯǬǯǰǞǠǣ ǯǬǠǬǨǱǭǫǬǡǬ

ǢǬǳǬǢǞ ǦǩǦ Ǡ ǯǬǯǰǞǠǣ ǭǮǦǟȴǩǣǧ Ǧ ǱǟȴǰǨǬǠ, ǯǬǬǰǠǣǰǯǰǠǣǫǫǬ

ǭǮǦǥǫǞȷǰǯȸ Ǡ ǯǬǯǰǞǠǣ ǯǬǠǬǨǱǭǫǬǡǬ ǢǬǳǬǢǞ ǦǩǦ Ǡ ǯǬǯǰǞǠǣ

ǭǮǦǟȴǩǣǧ Ǧ ǱǟȴǰǨǬǠ).

ǋǬǤǣǩǜǩǤǡ Ǥ ǪȭǡǩǦǜ ǠǪǱǪǠǪǞǂǬǳǬǢȴ ǭǮǦǥǫǞȷǰǯȸ, ǣǯǩǦ ǯǱȲǣǯǰǠǱǣǰ ǠȴǯǬǨǞȸ ǠǣǮǬȸǰǫǬǯǰȵ

ǰǬǡǬ, ȰǰǬ ǁǮǱǭǭǞ ǭǬǩǱȰǦǰ ȶǨǬǫǬǪǦȰǣǯǨǦǣ ǠȴǡǬǢȴ, Ǟ ǢǬǳǬǢȴ

ǪǬǡǱǰ ǟȴǰȵ ǢǬǯǰǬǠǣǮǫǬ ǬǭǮǣǢǣǩǣǫȴ. ǂǬǳǬǢȴ ǬȯǣǫǦǠǞȷǰǯȸ

ǭǬ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǠǬǥǫǞǡǮǞǤǢǣǫǦȸ, ǭǬǩǱȰǣǫǫǬǡǬ

ǦǩǦ ǭǬǢǩǣǤǞȲǣǡǬ ǭǬǩǱȰǣǫǦȷ, ǥǞ ǠȴȰǣǰǬǪ ǯǨǦǢǬǨ, ǟǬǫǱǯǬǠ Ǧ

ǫǞǩǬǡǬǠ ǫǞ ǭǮǬǢǞǤǱ. ǂǞǫǫȴǣ ǫǞǩǬǡǦ ǯȰǦǰǞȷǰǯȸ ǭǬǩǱȰǣǫǫȴ-

ǪǦ Ǭǰ ǦǪǣǫǦ ǡǬǯǱǢǞǮǯǰǠǣǫǫȴǳ ǬǮǡǞǫǬǠ.

ǂǬǳǬǢȴ, ǡǩǞǠǫȴǪ ǬǟǮǞǥǬǪ, ǭǮǣǢǯǰǞǠǩȸȷǰ ǯǬǟǬǧ ǭǮǬǢǞǤǱ:

ǑǯǩǱǡ: ǢǬǳǬǢȴ Ǭǰ ǭǩǞǰȴ ǥǞ ȶǲǦǮǫǬǣ ǠǮǣǪȸ, ǭǩǞǰȴ ǥǞ ǯǬǣǢǦ-

ǫǣǫǦǣ, ǮǣǡǱǩȸǮǫȴǳ ǭǩǞǰǣǤǣǧ, ǭǩǞǰȴ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ Ǩ ǯǣǰǦ

Ǧ ǮǞǥǬǠǬǧ ǭǩǞǰȴ ǥǞ ǭǬǢǭǦǯǨǱ ǫǞ ǱǯǩǱǡǦ, ǢǬǳǬǢȴ Ǭǰ ǭǮǣǢǬ-

ǯǰǞǠǩǣǫǦȸ ǱǯǩǱǡ ȱǦǮǬǨǬǭǬǩǬǯǫǬǡǬ ǦǫǰǣǮǫǣǰǞ (FTTB), ǭǩǞǰȴ

ǥǞ ǲǦǨǯǦǮǬǠǞǫǫȴǣ ǩǦǫǦǦ, ǢǬǳǬǢȴ Ǭǰ ǮǬǱǪǦǫǡǞ, Ǟ ǰǞǨǤǣ ǢǬ-

ǭǬǩǫǦǰǣǩȵǫȴǳ ǱǯǩǱǡ;

ƾǟǬǫǣǫǰǯǨǬǡǬ ǬǟǬǮǱǢǬǠǞǫǦȸ: ǰǣǩǣǲǬǫǫȴǳ ǞǭǭǞǮǞǰǬǠ, ǪǬ-

ǢǣǪǬǠ Ǧ ǰ.ǭ.

ДQXQH^ QU RSQHDJL `WLSPQGQ FSIOIPL

ǈǬǪǭǞǫǦȸ ǭǬǩǱȰǞǣǰ ǢǬǳǬǢȴ Ǭǰ ǭǮǬǢǞǤǦ ȶǲǦǮǫǬǡǬ ǠǮǣǪǣǫǦ

ǭǱǰǣǪ ǬǟǣǯǭǣȰǣǫǦȸ ǨǬǫǰǮǞǨǰǫȴǪ ǞǟǬǫǣǫǰǞǪ Ǧ ǭǬǩȵǥǬǠǞǰǣ-

ǩȸǪ ǭǮǣǢǬǭǩǞȰǣǫǫȴǳ ǱǯǩǱǡ ǢǬǯǰǱǭǞ Ǩ ǯǬǟǯǰǠǣǫǫǬǧ ǯǬǰǬǠǬǧ

ǯǣǰǦ Ǧ ǬǟǣǯǭǣȰǣǫǦȸ ǭǮǬǳǬǤǢǣǫǦȸ ǥǠǬǫǨǬǠ Ǡ ǯǬǟǯǰǠǣǫǫǬǧ

ǯǣǰǦ Ǧ ǯǣǰȸǳ ǭǞǮǰǫǣǮǬǠ ǭǬ ǮǬǱǪǦǫǡǱ.

ДQXQH^ QU RNDU^ KD TQIHLPIPLI

ǂǬǳǬǢȴ Ǭǰ ǭǩǞǰȴ ǥǞ ǯǬǣǢǦǫǣǫǦǣ ǭǮǣǢǯǰǞǠǩȸȷǰ ǯǬǟǬǧ ǢǬ-

ǳǬǢȴ, ǭǬǩǱȰǣǫǫȴǣ ǥǞ ǭǮǣǢǬǯǰǞǠǩǣǫǦǣ ǱǯǩǱǡ ǭǬ ǥǞǠǣǮȱǣǫǦȷ

ǥǠǬǫǨǬǠ ǯ ǯǣǰǣǧ ǭǮǬȰǦǳ ǬǭǣǮǞǰǬǮǬǠ ǫǞ ǯǣǰȵ ǈǬǪǭǞǫǦǦ.

ǂǬǳǬǢȴ Ǭǰ ǭǮǬǢǞǤǦ ȶǲǦǮǫǬǡǬ ǠǮǣǪǣǫǦ Ǧ Ǭǰ ǭǩǞǰȴ ǥǞ ǯǬǣǢǦ-

ǫǣǫǦǣ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǭǣǮǦǬǢǣ ǲǞǨǰǦȰǣǯǨǬǡǬ ǭǮǣǢǬǯǰǞǠǩǣǫǦȸ

ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǳ ǱǯǩǱǡ.



68

РIGVNbSPÎ RNDUIJL

ǎǣǡǱǩȸǮǫȴǣ ǭǩǞǰǣǤǦ ǠǨǩȷȰǞȷǰ Ǡ ǯǣǟȸ ǭǩǞǰǱ ǥǞ ǭǬǢǨǩȷ-

ȰǣǫǦǣ Ǩ ǫǬǠȴǪ ǰǞǮǦǲǫȴǪ ǭǩǞǫǞǪ Ǧ ǮǣǡǱǩȸǮǫǱȷ ǭǩǞǰǱ ǥǞ

ǭǬǢǭǦǯǨǱ ǫǞ ǰǞǨǦǣ ǢǬǭǬǩǫǦǰǣǩȵǫȴǣ ǱǯǩǱǡǦ ǨǞǨ, ǫǞǭǮǦǪǣǮ,

ǡǬǩǬǯǬǠǞȸ ǭǬȰǰǞ, ǠȴǯǰǞǠǩǣǫǦǣ ǢǣǰǞǩȵǫǬǡǬ ǯȰǣǰǞ Ǧ ǰ.ǭ. ǎǣ-

ǡǱǩȸǮǫȴǣ ǭǩǞǰǣǤǦ ǰǞǨǤǣ ǠǨǩȷȰǞȷǰ ǭǩǞǰǱ ǥǞ ǭǣǮǣȰǦǯǩǣǫǦǣ

ǢǣǫǣǤǫȴǳ ǯǮǣǢǯǰǠ ǪǣǤǢǱ ǞǟǬǫǣǫǰǯǨǦǪǦ ǯȰǣǰǞǪǦ, ǦǯǭǬǩȵǥǬ-

ǠǞǫǦǣ ǱǯǩǱǡǦ «ȶǨǯǰǮǞ ǢǣǫȵǡǦ», Ǟ ǰǞǨǤǣ ǯǭǦǯǞǫǦǣ ǫǣǦǯǭǬǩȵ-

ǥǬǠǞǫǫȴǳ ǭǣǮǣǢǬǭǩǞǰ ǯ ǞǟǬǫǣǫǰǯǨǦǳ ǯȰǣǰǬǠ ǬǰǨǩȷȰǣǫǫȴǳ ǞǟǬǫǣǫǰǬǠ Ǧ ǭǮǬȰǣǣ.

ǂǬǳǬǢȴ Ǭǰ ǮǣǡǱǩȸǮǫȴǳ ǭǩǞǰǣǤǣǧ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǰǬǪ ǭǣǮǦǬǢǣ,

Ǡ ǨǬǰǬǮǬǪ ǯǬǬǰǠǣǰǯǰǠǱȷȲǞȸ ǱǯǩǱǡǞ ǟȴǩǞ ǭǮǣǢǬǯǰǞǠǩǣǫǞ.

ПNDUD KD RQHMNaZIPLI L SDKQFDb RNDUD KD RQHRLTMV PD VT-NVGL

ǍǩǞǰǞ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ ǬǯǱȲǣǯǰǠǩȸǣǰǯȸ ǞǟǬǫǣǫǰǞǪǦ ǥǞ ǭǣǮ-

ǠǬǫǞȰǞǩȵǫǱȷ ǮǣǡǦǯǰǮǞȯǦȷ Ǡ ǯǣǰǦ. ǂǬǳǬǢȴ Ǭǰ ǭǩǞǰȴ ǥǞ ǭǬǢ-

ǨǩȷȰǣǫǦǣ ǬǰǫǬǯȸǰǯȸ ǫǞ ǟǱǢǱȲǦǣ ǭǣǮǦǬǢȴ Ǧ ǭǮǦǥǫǞȷǰǯȸ Ǡ

ǰǣȰǣǫǦǣ ǰǣǳ ǭǣǮǦǬǢǬǠ, Ǡ ǨǬǰǬǮȴǳ ȶǰǞ ǭǩǞǰǞ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ

ȸǠǩȸǣǰǯȸ ǥǞǮǞǟǬǰǞǫǫǬǧ, ǯǬǡǩǞǯǫǬ ǬǤǦǢǞǣǪǬǪǱ ǭǣǮǦǬǢǱ Ǭǰ-ǫǬȱǣǫǦǧ ǯ ǨǩǦǣǫǰǞǪǦ, ǨǬǰǬǮȴǧ ǭǮǦǟǩǦǥǦǰǣǩȵǫǬ ǯǬǯǰǞǠǩȸǣǰ 10 ǩǣǰ Ǣǩȸ ǨǬǫǰǮǞǨǰǫȴǳ ǞǟǬǫǣǫǰǬǠ Ǧ 4 ǡǬǢǞ Ǣǩȸ ǞǟǬǫǣǫǰǬǠ

ǭǮǣǢǬǭǩǞȰǣǫǫȴǳ ǱǯǩǱǡ (2010 ǡ.: 7 ǩǣǰ Ǧ 4 ǡǬǢǞ ǯǬǬǰǠǣǰǯǰǠǣǫ-

ǫǬ). ǌǤǦǢǞǣǪȴǧ ǭǣǮǦǬǢ ǬǰǫǬȱǣǫǦǧ ǯ ǨǩǦǣǫǰǞǪǦ ǬǯǫǬǠȴǠǞ-

ǣǰǯȸ ǫǞ ǭǮǣǢȴǢǱȲǣǧ ǦǯǰǬǮǦǦ ǬǰǰǬǨǞ ǨǩǦǣǫǰǬǠ Ǧ ǭǩǞǫǬǠǬǪ

ǮǞǥǠǦǰǦǦ ǈǬǪǭǞǫǦǦ.

ǎǞǥǬǠǞȸ ǭǩǞǰǞ ǥǞ ǭǬǢǭǦǯǨǱ ǫǞ ǱǯǩǱǡǦ ǭǮǣǦǪǱȲǣǯǰǠǣǫǫǬ

ǠǨǩȷȰǞǣǰ ǣǢǦǫǬǮǞǥǬǠǱȷ ǭǩǞǰǱ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ ǮǞǥǫȴǳ ǢǬ-

ǭǬǩǫǦǰǣǩȵǫȴǳ ǱǯǩǱǡ, Ǟ ǰǞǨǤǣ ǭǩǞǰǱ ǥǞ ǦǥǪǣǫǣǫǦǣ ǰǞǮǦǲǫǬǡǬ

ǭǩǞǫǞ Ǧ ǥǞ ǭǣǮǣǠǬǢ ǭǬǢǭǦǯǨǦ Ǧǥ ǬǢǫǬǡǬ ǪǣǯǰǞ Ǡ ǢǮǱǡǬǣ. ǂǬ-

ǳǬǢȴ Ǭǰ ǣǢǦǫǬǮǞǥǬǠǬǧ ǭǩǞǰȴ ǥǞ ǱǯǩǱǡǦ ǬǰǫǬǯȸǰǯȸ ǫǞ ǟǱǢǱ-

ȲǦǣ ǭǣǮǦǬǢȴ Ǧ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǰǣȰǣǫǦǣ ǰǬǡǬ ǭǣǮǦǬǢǞ, Ǡ ǨǬǰǬ-

ǮǬǪ ȶǰǞ ǭǩǞǰǞ ǥǞ ǭǬǢǭǦǯǨǱ ȸǠǩȸǣǰǯȸ ǥǞǮǞǟǬǰǞǫǫǬǧ, Ǟ ǦǪǣǫǫǬ

Ǡ ǰǣȰǣǫǦǣ ǯǮǬǨǞ ǢǣǧǯǰǠǦȸ ǭǬǢǭǦǯǨǦ, Ǟ Ǡ ǯǩǱȰǞȸǳ ǬǰǯǱǰǯǰǠǦȸ

ǯǮǬǨǞ ǢǣǧǯǰǠǦȸ ǯǬǡǩǞǯǫǬ ǬǤǦǢǞǣǪǬǪǱ ǭǣǮǦǬǢǱ ǬǰǫǬȱǣǫǦǧ ǯ

ǨǩǦǣǫǰǞǪǦ, ǨǬǰǬǮȴǧ ǭǮǦǟǩǦǥǦǰǣǩȵǫǬ ǯǬǯǰǞǠǩȸǣǰ 10 ǩǣǰ Ǣǩȸ

ǨǬǫǰǮǞǨǰǫȴǳ ǞǟǬǫǣǫǰǬǠ Ǧ 4 ǡǬǢǞ Ǣǩȸ ǞǟǬǫǣǫǰǬǠ ǭǮǣǢǬǭǩǞ-

Ȱǣǫǫȴǳ ǱǯǩǱǡ (2010 ǡ.: 7 ǩǣǰ Ǧ 4 ǡǬǢǞ ǯǬǬǰǠǣǰǯǰǠǣǫǫǬ).

ДQXQH^ QU RSIHQTUDFNIPLb VTNVG [LSQMQRQNQTPQGQ LPUIS-

PIUD (FTTB)

ǂǬǳǬǢȴ Ǭǰ ǭǮǣǢǬǯǰǞǠǩǣǫǦȸ ǱǯǩǱǡ ȱǦǮǬǨǬǭǬǩǬǯǫǬǡǬ ǦǫǰǣǮ-

ǫǣǰǞ (FTTB) ǠǨǩȷȰǞȷǰ ǲǦǨǯǦǮǬǠǞǫǫȴǣ ǣǤǣǪǣǯȸȰǫȴǣ ǭǩǞǰǣ-

ǤǦ ǥǞ ǢǬǯǰǱǭ Ǩ ǯǣǰǦ ǦǫǰǣǮǫǣǰ, ǭǮǣǢǬǯǰǞǠǩǣǫǫȴǧ ǞǟǬǫǣǫǰǞǪ

ǈǬǪǭǞǫǦǦ. ǂǞǫǫȴǧ ǠǦǢ ǢǬǳǬǢǬǠ ǭǮǦǥǫǞǣǰǯȸ Ǡ ǰǬǪ ǭǣǮǦǬǢǣ, Ǡ

ǨǬǰǬǮǬǪ ǯǬǬǰǠǣǰǯǰǠǱȷȲǞȸ ǱǯǩǱǡǞ ǟȴǩǞ ǭǮǣǢǬǯǰǞǠǩǣǫǞ ǞǟǬ-

ǫǣǫǰǞǪ.

ДQXQH^ QU RNDU^ KD WLMTLSQFDPPÎ NLPLL

ǂǬǳǬǢȴ Ǭǰ ǭǩǞǰȴ ǥǞ ǲǦǨǯǦǮǬǠǞǫǫȴǣ ǩǦǫǦǦ ǠǨǩȷȰǞȷǰ ǣǤǣǪǣ-

ǯȸȰǫȴǣ ǭǩǞǰǣǤǦ ǥǞ ǢǬǯǰǱǭ ǞǟǬǫǣǫǰǬǠ ǈǬǪǭǞǫǦǦ Ǩ ǲǦǨǯǦǮǬ-

ǠǞǫǫǬǧ ǰǣǩǣǲǬǫǫǬǧ ǯǣǰǦ Ǧ ǪǞǮȱǮǱǰǦǥǞȯǦȷ ǥǠǬǫǨǬǠ ǞǟǬǫǣǫ-

ǰǬǠ, ǬǯǱȲǣǯǰǠǩǣǫǫȴǳ ȰǣǮǣǥ ǢǞǫǫǱȷ ǯǣǰȵ. ǂǞǫǫȴǧ ǠǦǢ ǢǬǳǬǢǬǠ

ǭǮǦǥǫǞǣǰǯȸ Ǡ ǰǬǪ ǭǣǮǦǬǢǣ, Ǡ ǨǬǰǬǮǬǪ ǯǬǬǰǠǣǰǯǰǠǱȷȲǞȸ ǱǯǩǱ-

ǡǞ ǟȴǩǞ ǭǮǣǢǬǯǰǞǠǩǣǫǞ ǞǟǬǫǣǫǰǞǪ.

ДQXQH^ QU SQVOLPGD

ǂǬǳǬǢȴ Ǭǰ ǮǬǱǪǦǫǡǞ ǠǨǩȷȰǞȷǰ ǢǬǳǬǢȴ Ǭǰ ǱǯǩǱǡ, ǭǮǣǢǬǯǰǞǠ-

ǩȸǣǪȴǳ ǞǟǬǫǣǫǰǞǪ ǈǬǪǭǞǫǦǦ Ǡ ǯǣǰȸǳ ǣǣ ǭǞǮǰǫǣǮǬǠ ǭǬ ǮǬ-

ǱǪǦǫǡǱ, Ǧ ǢǬǳǬǢȴ Ǭǰ ǢǬǯǰǱǭǞ Ǩ ǱǯǩǱǡǞǪ, ǭǮǣǢǬǯǰǞǠǩȸǣǪȴǪ

ǈǬǪǭǞǫǦǣǧ Ǡ ǣǣ ǯǣǰǦ ǞǟǬǫǣǫǰǞǪ ǣǣ ǭǞǮǰǫǣǮǬǠ ǭǬ ǮǬǱǪǦǫǡǱ. ǂǬǳǬǢȴ Ǭǰ ǮǬǱǪǦǫǡǞ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǰǬǪ ǭǣǮǦǬǢǣ, Ǡ ǨǬǰǬǮǬǪ

ǯǬǬǰǠǣǰǯǰǠǱȷȲǞȸ ǱǯǩǱǡǞ ǟȴǩǞ ǭǮǣǢǬǯǰǞǠǩǣǫǞ.

ДQRQNPLUIN_PÎ VTNVGL

ǂǬǭǬǩǫǦǰǣǩȵǫȴǣ ǱǯǩǱǡǦ ǠǨǩȷȰǞȷǰ ǦǯǳǬǢȸȲǦǣ SMS Ǧ MMS, Ǟ

ǰǞǨǤǣ ǢǞǫǫȴǣ, ǭǣǮǣǢǞǠǞǣǪȴǣ ǭǬ ǨǬǪǪǱǰǦǮǬǠǞǫǫǬǪǱ ǨǞǫǞ-

ǩǱ Ǧ ȰǣǮǣǥ ǯǦǯǰǣǪǱ ǭǣǮǣǢǞȰǦ ǢǞǫǫȴǳ ǯ ǭǞǨǣǰǫǬǧ ǨǬǪǪǱǰǞȯǦ-

ǣǧ (WAP, GPRS, EDGE Ǧ ǰ.ǭ.). ǂǬǳǬǢȴ Ǭǰ ǢǬǭǬǩǫǦǰǣǩȵǫȴǳ ǱǯǩǱǡ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǭǣǮǦǬǢǣ, Ǡ ǨǬǰǬǮǬǪ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǣ ǱǯǩǱǡǦ

ǟȴǩǦ ǭǮǣǢǬǯǰǞǠǩǣǫȴ.

ПSQHDJD UINIWQPP^X DRRDSDUQF L OQHIOQF

ǂǬǳǬǢȴ Ǭǰ ǭǮǬǢǞǤǦ ǰǣǩǣǲǬǫǫȴǳ ǞǭǭǞǮǞǰǬǠ Ǧ ǪǬǢǣǪǬǠ

ǬǟȴȰǫǬ ǭǮǦǥǫǞȷǰǯȸ ǰǬǡǢǞ, ǨǬǡǢǞ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǣ ǯǱȲǣ-

ǯǰǠǣǫǫȴǣ ǮǦǯǨǦ Ǧ ǠȴǡǬǢȴ ǭǣǮǣǳǬǢȸǰ Ǩ ǭǬǨǱǭǞǰǣǩȷ.

СMLHML

ǏǨǦǢǨǦ ȰǞȲǣ ǠǯǣǡǬ ǭǮǣǢǬǯǰǞǠǩȸȷǰǯȸ Ǡ ǠǦǢǣ ǢǣǫǣǤǫȴǳ ǯǨǦǢǬǨ, Ǟ ǰǞǨǤǣ ǟǣǯǭǩǞǰǫȴǳ ǰǬǠǞǮǬǠ ǦǩǦ ǰǬǠǞǮǬǠ ǯǬ ǯǨǦǢ-

ǨǬǧ, ǦǩǦ ǱǯǩǱǡ, ǭǮǣǢǬǯǰǞǠǩȸǣǪȴǳ ǰǮǣǰȵǦǪǦ ǯǰǬǮǬǫǞǪǦ.

ǏǨǦǢǨǦ ǬǰǮǞǤǞȷǰǯȸ ǫǞ ǯǦǯǰǣǪǞǰǦȰǣǯǨǬǧ ǬǯǫǬǠǣ Ǡ ǰǣȰǣǫǦǣ

ǰǬǡǬ ǭǣǮǦǬǢǞ, Ǡ ǨǬǰǬǮǬǪ ǯǬǬǰǠǣǰǯǰǠǱȷȲǞȸ ǯǨǦǢǨǞ ǟȴǩǞ

ǭǮǣǢǬǯǰǞǠǩǣǫǞ. ǏǨǦǢǨǦ ǱȰǦǰȴǠǞȷǰǯȸ ǨǞǨ ǱǪǣǫȵȱǣǫǦǣ ǢǬ-

ǳǬǢǬǠ. ƿǣǯǭǩǞǰǫȴǣ ǰǬǠǞǮȴ ǦǩǦ ǱǯǩǱǡǦ, ǭǮǣǢǬǯǰǞǠǩȸǣǪȴǣ

ǰǮǣǰȵǦǪǦ ǯǰǬǮǬǫǞǪǦ, ǱȰǦǰȴǠǞȷǰǯȸ ǨǞǨ ǮǞǯǳǬǢȴ.

ПSIHTUDFNIPLI

ǃǯǩǦ ǈǬǪǭǞǫǦȸ ǠȴǯǰǱǭǞǣǰ ǭǮǦǫȯǦǭǞǩǬǪ, ǢǬǳǬǢȴ ǭǮǦǥǫǞȷǰ-ǯȸ ǫǞ ǮǞǥǠǣǮǫǱǰǬǧ ǬǯǫǬǠǣ. ǀ ǰǞǨǬǪ ǯǩǱȰǞǣ ǢǬǳǬǢȴ ǠǨǩȷȰǞȷǰ Ǡ ǯǣǟȸ ǭǬǩǫǱȷ ǯǰǬǦǪǬǯǰȵ ǬǭǣǮǞȯǦǦ, ǠȴǯǰǞǠǩǣǫǫǱȷ ǨǩǦǣǫǰǱ, ǥǞ ǠȴȰǣǰǬǪ ǯǨǦǢǬǨ, ǯ ǬǰǫǣǯǣǫǦǣǪ ǩȷǟȴǳ ǯǠȸǥǞǫǫȴǳ ǮǞǯǳǬ-

ǢǬǠ ǫǞ ǬǭǣǮǞȯǦǬǫǫȴǣ ǮǞǯǳǬǢȴ. ǃǯǩǦ ǈǬǪǭǞǫǦȸ ǠȴǯǰǱǭǞǣǰ Ǡ ǮǬǩǦ ǞǡǣǫǰǞ, ǢǬǳǬǢȴ ǭǮǦǥǫǞȷǰǯȸ ǫǞ ǯǠǣǮǫǱǰǬǧ ǬǯǫǬǠǣ Ǧ

ǭǮǣǢǯǰǞǠǩȸȷǰ ǯǬǟǬǧ ǥǞǮǞǟǬǰǞǫǫǱȷ ǪǞǮǤǱ. ǌȯǣǫǨǞ ǰǬǡǬ,

ȸǠǩȸǣǰǯȸ ǩǦ ǈǬǪǭǞǫǦȸ ǭǮǦǫȯǦǭǞǩǬǪ ǦǩǦ ǞǡǣǫǰǬǪ, ǬǯǫǬǠȴ-

ǠǞǣǰǯȸ ǫǞ ǬȯǣǫǨǣ ǯǱȲǫǬǯǰǦ ǬǭǣǮǞȯǦǦ, ǬǰǠǣǰǯǰǠǣǫǫǬǯǰǦ ǥǞ

ǭǮǣǢǬǯǰǞǠǩǣǫǦǣ ǰǬǠǞǮǬǠ Ǧ ǱǯǩǱǡ Ǧ ȯǣǫǬǬǟǮǞǥǬǠǞǫǦȸ, Ǟ ǰǞǨ-

Ǥǣ ǭǬǰǣǫȯǦǞǩȵǫȴǳ ǲǦǫǞǫǯǬǠȴǳ ǮǦǯǨǬǠ Ǧ ǠȴǡǬǢ.

ПSQYIPUPÎ HQXQH^

ǍǮǬȯǣǫǰǫȴǣ ǢǬǳǬǢȴ ǬǰǮǞǤǞȷǰǯȸ ǭǬ ȶǲǲǣǨǰǦǠǫǬǧ ǭǮǬȯǣǫǰ-ǫǬǧ ǯǰǞǠǨǣ, ǨǬǰǬǮǞȸ ȸǠǩȸǣǰǯȸ ǯǰǞǠǨǬǧ, ǰǬȰǫǬ ǢǦǯǨǬǫǰǦǮǱȷ-

Ȳǣǧ ǬǤǦǢǞǣǪȴǣ ǟǱǢǱȲǦǣ ǢǣǫǣǤǫȴǣ ǭǬǰǬǨǦ Ǡ ǰǣȰǣǫǦǣ ǬǤǦ-

ǢǞǣǪǬǡǬ ǯǮǬǨǞ ǯǩǱǤǟȴ ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ ǦǩǦ ǟǬǩǣǣ

ǨǬǮǬǰǨǬǡǬ ǭǣǮǦǬǢǞ (ǣǯǩǦ ǰǞǨǬǠǬǣ ǦǪǣǣǰ ǪǣǯǰǬ) Ǩ ȰǦǯǰǬǧ ǟǞ-

ǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰǦ ǲǦǫǞǫǯǬǠǬǡǬ ǞǨǰǦǠǞ ǦǩǦ ǲǦǫǞǫǯǬǠǬǡǬ

ǬǟȸǥǞǰǣǩȵǯǰǠǞ. ǍǮǬȯǣǫǰǫȴǣ ǢǬǳǬǢȴ ǬǰǮǞǤǞȷǰǯȸ Ǡ ǯǬǯǰǞǠǣ

ǲǦǫǞǫǯǬǠȴǳ ǢǬǳǬǢǬǠ Ǡ ǬǰȰǣǰǣ Ǭ ǯǬǠǬǨǱǭǫǬǪ ǢǬǳǬǢǣ.

ǊǮǧǪǢǡǩǩȲǡ ǠǪǱǪǠȲ

ǂǬǳǬǢȴ Ǭǰ ǱǯǩǱǡ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ ǭǮǦǥǫǞȷǰǯȸ ǭǮǦ ǲǞǨǰǦ-

ȰǣǯǨǬǪ ǦǯǭǬǩȵǥǬǠǞǫǦǦ ȶǲǦǮǫǬǡǬ ǠǮǣǪǣǫǦ ǨǬǫǣȰǫȴǪ ǭǬ-

ǰǮǣǟǦǰǣǩǣǪ. ǋǣǦǯǭǬǩȵǥǬǠǞǫǫǬǣ ȶǲǦǮǫǬǣ ǠǮǣǪȸ ǫǞ ǭǮǣǢǬ-

ǭǩǞȰǣǫǫȴǳ ǨǞǮǰǬȰǨǞǳ ǭǮǦǥǫǞǣǰǯȸ ǨǞǨ ǬǰǩǬǤǣǫǫȴǧ ǢǬǳǬǢ ǢǬ

ǪǬǪǣǫǰǞ ǭǮǣǢǬǯǰǞǠǩǣǫǦȸ ǯǬǬǰǠǣǰǯǰǠǱȷȲǣǧ ǱǯǩǱǡǦ ǨǬǫǣȰ-

ǫǬǪǱ ǭǬǰǮǣǟǦǰǣǩȷ ǦǩǦ ǦǯǰǣȰǣǫǦȸ ǯǮǬǨǞ ǢǣǧǯǰǠǦȸ ǭǮǣǢǬǭǩǞ-

ȰǣǫǫǬǧ ǨǞǮǰǬȰǨǦ.

ǋǬǪǟǬǜǨǨȲ ǧǪȶǧȳǩǪǭǮǤƿǬǫǱǯǫȴǣ ǣǢǦǫǦȯȴ, ǭǬǩǱȰǣǫǫȴǣ ǨǩǦǣǫǰǞǪǦ Ǡ ǮǞǪǨǞǳ ǭǮǬ-

ǡǮǞǪǪȴ ǩǬȸǩȵǫǬǯǰǦ, ǱȰǦǰȴǠǞȷǰǯȸ ǨǞǨ ǬǰǢǣǩȵǫȴǧ ǨǬǪǭǬǫǣǫǰ ǯǬǡǩǞȱǣǫǦȸ Ǭ ǭǮǬǢǞǤǣ, Ǡ ǨǬǰǬǮǬǪ ǬǫǦ ǭǮǣǢǬǯǰǞǠǩȸȷǰǯȸ.

ǕǞǯǰȵ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǭǬǩǱȰǣǫǫǬǡǬ ǠǬǥǫǞǡǮǞǤǢǣ-

ǫǦȸ ǮǞǯǭǮǣǢǣǩȸǣǰǯȸ ǫǞ ǟǬǫǱǯǫȴǣ ǣǢǦǫǦȯȴ Ǧ ǬǰǫǬǯǦǰǯȸ ǫǞ

ǟǱǢǱȲǦǣ ǭǣǮǦǬǢȴ, ǦǯǳǬǢȸ Ǧǥ ǬǤǦǢǞǣǪǬǡǬ ǨǬǩǦȰǣǯǰǠǞ ǟǬǫǱǯ-ǫȴǳ ǣǢǦǫǦȯ, ǨǬǰǬǮȴǣ ǟǱǢǱǰ ǲǞǨǰǦȰǣǯǨǦ ǭǬǩǱȰǣǫȴ ǨǩǦǣǫǰǬǪ.

ǀ ǢǞǩȵǫǣǧȱǣǪ ǬǰǫǣǯǣǫǫǞȸ ǫǞ ǟǱǢǱȲǦǣ ǭǣǮǦǬǢȴ ǯǱǪǪǞ ǭǮǦ-

ǥǫǞǣǰǯȸ ǨǞǨ ǢǬǳǬǢ Ǡ ǭǣǮǦǬǢǞǳ ǭǬǡǞȱǣǫǦȸ ǟǬǫǱǯǫȴǳ ǣǢǦǫǦȯ.



69

ǌǜǭǱǪǠȲ, ǭǞȶǣǜǩǩȲǡ ǭ ǫǧǜǮǪǥ ǣǜ

ǫǪǠǦǧȵȮǡǩǤǡǍǣǮǠǬǫǞȰǞǩȵǫȴǣ ǭǮȸǪȴǣ ǮǞǯǳǬǢȴ, ǭǬǫǣǯǣǫǫȴǣ Ǡ ǯǠȸǥǦ ǯ ǭǬǢ-

ǨǩȷȰǣǫǦǣǪ ǞǟǬǫǣǫǰǞ Ǩ ǯǣǰǦ, ǬǰǫǬǯȸǰǯȸ ǫǞ ǟǱǢǱȲǦǣ ǭǣǮǦǬǢȴ,

ǨǞǨ Ǧ ǢǬǳǬǢȴ Ǭǰ ǭǩǞǰȴ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ, Ǧ ǬǡǮǞǫǦȰǦǠǞȷǰǯȸ

ǯǱǪǪǬǧ ǬǰǩǬǤǣǫǫȴǳ ǢǬǳǬǢǬǠ Ǭǰ ǭǩǞǰȴ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ. ǍǬǫǣ-

ǯǣǫǫȴǣ ǮǞǯǳǬǢȴ Ǡ ǬǯǫǬǠǫǬǪ ǯǬǯǰǬȸǰ Ǧǥ ǯǣǟǣǯǰǬǦǪǬǯǰǦ ǯǰǞǮ-

ǰǬǠȴǳ ǭǞǨǣǰǬǠ Ǧ ǨǬǪǦǯǯǦǬǫǫǬǡǬ ǠǬǥǫǞǡǮǞǤǢǣǫǦȸ ǢǦǩǣǮǬǠ. ǀ

ǫǣǨǬǰǬǮȴǳ ǯǩǱȰǞȸǳ ǮǞǯǳǬǢȴ, ǯǠȸǥǞǫǫȴǣ ǯ ǭǩǞǰǬǧ ǥǞ ǭǬǢǨǩȷ-

ȰǣǫǦǣ, ǭǮǣǠȴȱǞȷǰ ǯǱǪǪǱ ǢǬǳǬǢǬǠ, Ǧ ǯǱǪǪǞ ǮǞǯǳǬǢǬǠ, ǯǠȸǥǞǫ-

ǫȴǳ ǯ ǭǬǢǨǩȷȰǣǫǦǣǪ, ǨǬǰǬǮǞȸ ǭǮǣǠȴȱǞǣǰ ǯǱǪǪǱ ǬǰǩǬǤǣǫǫȴǳ ǢǬǳǬǢǬǠ Ǭǰ ǭǩǞǰȴ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ, ǯǭǦǯȴǠǞǣǰǯȸ ǫǞ ǮǞǯǳǬǢȴ

ǰǣǨǱȲǣǡǬ ǭǣǮǦǬǢǞ.

ǌǜǭǱǪǠȲ ǩǜ ǬǡǦǧǜǨǯ, ǨǜǬǦǡǮǤǩǟ Ǥ

ǦǪǨǤǭǭǤǪǩǩǪǡ ǞǪǣǩǜǟǬǜǢǠǡǩǤǡǎǞǯǳǬǢȴ ǫǞ ǮǣǨǩǞǪǱ, ǪǞǮǨǣǰǦǫǡ Ǧ ǨǬǪǦǯǯǦǬǫǫǬǣ ǠǬǥǫǞǡǮǞǤ-

ǢǣǫǦǣ ǬǰǫǬǯȸǰǯȸ ǫǞ ǮǞǯǳǬǢȴ ǭǬ ǪǣǮǣ Ǧǳ ǭǬǫǣǯǣǫǦȸ, ǣǯǩǦ

ǰǬǩȵǨǬ ǬǫǦ ǫǣ ǯǬǯǰǞǠǩȸȷǰ ȰǞǯǰȵ ǬǰǩǬǤǣǫǫȴǳ ǮǞǯǳǬǢǬǠ, ǯǠȸ-

ǥǞǫǫȴǳ ǯ ǭǬǢǨǩȷȰǣǫǦǣǪ, ǨǞǨ ǬǭǦǯǞǫǬ Ǡȴȱǣ. ǎǞǯǳǬǢȴ ǫǞ Ǯǣ-

ǨǩǞǪǱ Ǧ ǯǮǣǢǯǰǠǞ ǯǰǦǪǱǩǦǮǬǠǞǫǦȸ ǯǭǮǬǯǞ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǯǬ-

ǯǰǞǠǣ ǮǞǯǳǬǢǬǠ Ǡ ǰǬǰ ǪǬǪǣǫǰ, ǨǬǡǢǞ ǁǮǱǭǭǞ ǩǦǟǬ ǦǪǣǣǰ ǭǮǞǠǬ

ǢǬǯǰǱǭǞ Ǩ ǰǬǠǞǮǞǪ, ǩǦǟǬ ǭǬǩǱȰǞǣǰ ǱǯǩǱǡǱ.

ǊǭǩǪǞǩȲǡ ǭǬǡǠǭǮǞǜǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ ǬǰǮǞǤǞȷǰǯȸ ǭǬ ǭǣǮǠǬǫǞȰǞǩȵǫǬǧ ǯǰǬ-

ǦǪǬǯǰǦ ǥǞ ǠȴȰǣǰǬǪ ǫǞǨǬǭǩǣǫǫǬǡǬ ǦǥǫǬǯǞ Ǧ ǫǞǨǬǭǩǣǫǫȴǳ ǱǟȴǰǨǬǠ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ. ǏǰǬǦǪǬǯǰȵ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ ǠǨǩȷȰǞǣǰ Ǡ ǯǣǟȸ ǯǰǬǦǪǬǯǰȵ ǭǮǬǲǣǯǯǦǬǫǞǩȵǫȴǳ Ǳǯ-ǩǱǡ, Ǟ ǰǞǨǤǣ Ǡ ǯǩǱȰǞǣ ǨǠǞǩǦǲǦȯǦǮǬǠǞǫǫȴǳ ǞǨǰǦǠǬǠ ǮǞǯǳǬǢȴ

ǭǬ ǥǞǧǪǞǪ ǨǞǭǦǰǞǩǦǥǦǮǱȷǰǯȸ. ǆǥǫǬǯ ǮǞǯǯȰǦǰȴǠǞǣǰǯȸ ǨǞǨ

ǱǪǣǫȵȱǣǫǦǣ ǯǰǬǦǪǬǯǰǦ ǞǨǰǦǠǬǠ, ǨǮǬǪǣ ǥǣǪǩǦ, ǢǬ Ǧǳ ǬȯǣǫǬȰ-

ǫǬǧ ǬǯǰǞǰǬȰǫǬǧ ǯǰǬǦǪǬǯǰǦ, ǣǯǩǦ ǰǞǨǬǠǞȸ ǦǪǣǣǰǯȸ, Ǡ ǰǣȰǣǫǦǣ

ǠǯǣǡǬ ǬǤǦǢǞǣǪǬǡǬ ǯǮǬǨǞ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ. ǋǞȰǦǯ-ǩǣǫǦǣ ǦǥǫǬǯǞ ǫǞȰǦǫǞǣǰǯȸ, ǨǬǡǢǞ ǞǨǰǦǠȴ ǡǬǰǬǠȴ Ǩ Ǧǳ ȯǣǩǣǠǬ-

ǪǱ ǦǯǭǬǩȵǥǬǠǞǫǦȷ.

ǎǞǯǳǬǢȴ ǫǞ ǮǣǪǬǫǰ Ǧ ǯǬǢǣǮǤǞǫǦǣ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ ǬǰǮǞ-

ǤǞȷǰǯȸ ǭǬ ǪǣǮǣ Ǧǳ ǭǬǫǣǯǣǫǦȸ. ǃǯǩǦ ǨǞǭǦǰǞǩǦǥǦǮǱȷǰǯȸ ǫǬ-

Ǡȴǣ ǥǞǭǞǯǫȴǣ ȰǞǯǰǦ, ǥǞǪǣǫǣǫǫȴǣ ǥǞǭǞǯǫȴǣ ȰǞǯǰǦ ǠȴǠǬǢȸǰ-ǯȸ Ǧǥ ȶǨǯǭǩǱǞǰǞȯǦǦ, Ǧ Ǧǳ ǬǯǰǞǰǬȰǫǞȸ ǟǞǩǞǫǯǬǠǞȸ ǯǰǬǦǪǬǯǰȵ

ǭǮǦǥǫǞǣǰǯȸ ǱǟȴǰǨǬǪ Ǭǰ ǠȴǟȴǰǦȸ.

ǃǯǩǦ ǯǱǪǪǞ ǬǤǦǢǞǣǪȴǳ ǮǞǯǳǬǢǬǠ ǭǬ ǠȴǠǣǢǣǫǦȷ Ǧǥ ȶǨǯ-ǭǩǱǞǰǞȯǦǦ ǞǨǰǦǠǞ ǭǬǯǩǣ ǣǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ȸǠǩȸǣǰǯȸ

ǯǱȲǣǯǰǠǣǫǫǬǧ Ǣǩȸ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ, ǭǮǦǠǣǢǣǫǫǞȸ

ǯǰǬǦǪǬǯǰȵ ǬǤǦǢǞǣǪȴǳ ǮǞǯǳǬǢǬǠ ǭǬ ǠȴǠǣǢǣǫǦȷ Ǧǥ ȶǨǯ-ǭǩǱǞǰǞȯǦǦ ǞǨǰǦǠǞ ǭǬǯǩǣ ǣǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǠǨǩȷȰǞǣǰǯȸ

Ǡ ǭǣǮǠǬǫǞȰǞǩȵǫǱȷ ǯǰǬǦǪǬǯǰȵ ǯǬǬǰǠǣǰǯǰǠǱȷȲǣǡǬ ǞǨǰǦǠǞ,

ǣǯǩǦ ǠȴǭǬǩǫȸȷǰǯȸ ǨǮǦǰǣǮǦǦ ǭǮǦǥǫǞǫǦȸ ǮǣǥǣǮǠǞ.

ǆǥǫǬǯ ǫǞȰǦǯǩȸǣǰǯȸ ǩǦǫǣǧǫȴǪ ǪǣǰǬǢǬǪ Ǡ ǰǣȰǣǫǦǣ ǬǤǦǢǞ-

ǣǪȴǳ ǯǮǬǨǬǠ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǳ ǞǨǰǦǠǬǠ:

ǊǣǰǬǢ ǫǞȰǦǯǩǣǫǦȸ ǦǥǫǬǯǞ, ǬǤǦǢǞǣǪȴǧ ǯǮǬǨ ǭǬǩǣǥǫǬǡǬ Ǧǯ-ǭǬǩȵǥǬǠǞǫǦȸ Ǧ ǬǯǰǞǰǬȰǫǞȸ ǯǰǬǦǪǬǯǰȵ ǭǣǮǣǯǪǞǰǮǦǠǞȷǰǯȸ

ǭǬ ǨǮǞǧǫǣǧ ǪǣǮǣ ǮǞǥ Ǡ ǡǬǢ Ǧ ǨǬǮǮǣǨǰǦǮǱȷǰǯȸ ǫǞ ǭǣǮǯǭǣǨ-

ǰǦǠǫǬǧ ǬǯǫǬǠǣ, ǣǯǩǦ ȶǰǬ ǫǣǬǟǳǬǢǦǪǬ. ǊǬǤǫǬ ǬǤǦǢǞǰȵ, ȰǰǬ

ǬǯǰǞǰǬȰǫǞȸ ǯǰǬǦǪǬǯǰȵ ǟǱǢǣǰ ǮǞǠǫǞ ǫǱǩȷ Ǣǩȸ ǟǬǩȵȱǦǫǯǰǠǞ

ǞǨǰǦǠǬǠ, ǨǮǬǪǣ ǰǮǞǫǯǭǬǮǰǫȴǳ ǯǮǣǢǯǰǠ, ǠǨǩȷȰǣǫǫȴǳ Ǡ ǯǬ-

ǯǰǞǠ ǞǢǪǦǫǦǯǰǮǞǰǦǠǫȴǳ ǞǨǰǦǠǬǠ, ǨǬǰǬǮȴǣ ǁǮǱǭǭǞ ǫǣ ǭǩǞ-

ǫǦǮǱǣǰ ǦǯǭǬǩȵǥǬǠǞǰȵ Ǡ ǰǣȰǣǫǦǣ ǠǯǣǡǬ ǯǮǬǨǞ Ǧǳ ǭǬǩǣǥǫǬǡǬ

ǦǯǭǬǩȵǥǬǠǞǫǦȸ.

ǍǮǦǥǫǞǫǦǣ ǬǟȳǣǨǰǞ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ ǭǮǣǨǮǞȲǞǣǰǯȸ ǭǬ-

ǯǩǣ ǣǡǬ ǠȴǟȴǰǦȸ ǦǩǦ Ǡ ǯǩǱȰǞǣ, ǣǯǩǦ ǫǣ ǬǤǦǢǞǣǰǯȸ ǭǬǩǱ-

ȰǣǫǦǣ ǟǱǢǱȲǦǳ ȶǨǬǫǬǪǦȰǣǯǨǦǳ ǠȴǡǬǢ Ǭǰ ǣǡǬ ǢǞǩȵǫǣǧȱǣ-

ǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǩǦǟǬ ǠȴǟȴǰǦȸ. ǉȷǟȴǣ ǭǮǦǟȴǩǦ ǦǩǦ

ǱǟȴǰǨǦ, ǠǬǥǫǦǨǞȷȲǦǣ Ǡ ǯǠȸǥǦ ǯ ǭǮǣǨǮǞȲǣǫǦǣǪ ǭǮǦǥǫǞǫǦȸ

ǞǨǰǦǠǞ (ǮǞǯǯȰǦǰǞǫǫȴǣ ǨǞǨ ǮǞǥǫǦȯǞ ǪǣǤǢǱ ȰǦǯǰȴǪǦ ǭǬ-

ǯǰǱǭǩǣǫǦȸǪǦ Ǭǰ ǠȴǟȴǰǦȸ ǞǨǰǦǠǞ Ǧ ǣǡǬ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦ-

ǪǬǯǰȵȷ), ǠǨǩȷȰǞȷǰǯȸ Ǡ ǬǰȰǣǰ Ǭ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ ǥǞ ǡǬǢ,

Ǡ ǨǬǰǬǮǬǪ ǯǬǯǰǬȸǩǬǯȵ ǭǮǣǨǮǞȲǣǫǦǣ ǭǮǦǥǫǞǫǦȸ ǬǟȳǣǨǰǞ.

ǆǥǫǬǯ ǱǩǱȰȱǣǫǦǧ ǞǮǣǫǢǬǠǞǫǫǬǧ ǫǣǢǠǦǤǦǪǬǯǰǦ ǫǞȰǦǯǩȸ-

ǣǰǯȸ Ǡ ǰǣȰǣǫǦǣ ǠǯǣǡǬ ǬǤǦǢǞǣǪǬǡǬ ǯǮǬǨǞ Ǧǳ ǭǬǩǣǥǫǬǡǬ Ǧǯ-ǭǬǩȵǥǬǠǞǫǦȸ ǫǞ ǰǬǧ Ǥǣ ǬǯǫǬǠǣ, ȰǰǬ Ǧ ǦǥǫǬǯ ǯǬǟǯǰǠǣǫǫȴǳ ǞǨǰǦǠǬǠ, ǦǩǦ Ǡ ǰǣȰǣǫǦǣ ǯǮǬǨǞ ǯǬǬǰǠǣǰǯǰǠǱȷȲǣǧ ǞǮǣǫǢȴ,

ǣǯǩǦ Ǭǫ ǨǬǮǬȰǣ ǭǣǮǠǬǡǬ.

НIKDFIS[IPPQI TUSQLUIN_TUFQ

ǌǟȳǣǨǰȴ, ǫǞǳǬǢȸȲǦǣǯȸ Ǡ ǭǮǬȯǣǯǯǣ ǫǣǥǞǠǣǮȱǣǫǫǬǡǬ ǯǰǮǬ-

ǦǰǣǩȵǯǰǠǞ, ǨǞǭǦǰǞǩǦǥǦǮǱȷǰǯȸ ǨǞǨ ǬǰǢǣǩȵǫȴǧ ȶǩǣǪǣǫǰ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ. ǍǬǯǩǣ ǥǞǠǣǮȱǣǫǦȸ ǯǰǮǬǦǰǣǩȵǯǰǠǞ ǯǰǬ-

ǦǪǬǯǰȵ ǬǟȳǣǨǰǞ ǭǣǮǣǫǬǯǦǰǯȸ Ǡ ǯǬǬǰǠǣǰǯǰǠǱȷȲǱȷ ǨǞǰǣǡǬ-

ǮǦȷ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ. ǆǥǫǬǯ ǫǞ ǬǟȳǣǨǰȴ ǫǣǥǞǠǣǮȱǣǫǫǬ-

ǡǬ ǯǰǮǬǦǰǣǩȵǯǰǠǞ ǫǣ ǫǞȰǦǯǩȸǣǰǯȸ.

НIVTUDPQFNIPPQI QEQSVHQFDPLI

ǋǣǱǯǰǞǫǬǠǩǣǫǫǬǣ ǬǟǬǮǱǢǬǠǞǫǦǣ ǭǮǣǢǯǰǞǠǩȸǣǰ ǯǬǟǬǧ ǬǟǬ-

ǮǱǢǬǠǞǫǦǣ, ǭǮǦǬǟǮǣǰǣǫǫǬǣ ǁǮǱǭǭǬǧ, ǫǬ ǣȲǣ ǫǣ ǠǠǣǢǣǫǫǬǣ

Ǡ ȶǨǯǭǩǱǞǰǞȯǦȷ. ǆǥǫǬǯ ǫǞ ǫǣǱǯǰǞǫǬǠǩǣǫǫǬǣ ǬǟǬǮǱǢǬǠǞǫǦǣ

ǫǣ ǫǞȰǦǯǩȸǣǰǯȸ.

ЗIONb

ǅǣǪǩȸ, ǫǞ ǨǬǰǬǮǱȷ ǁǮǱǭǭǞ ǦǪǣǣǰ ǟǣǥǬǡǬǠǬǮǬȰǫǬǣ ȷǮǦǢǦ-

ȰǣǯǨǬǣ ǭǮǞǠǬ, ǠǨǩȷȰǣǫǞ Ǡ ǬǰȰǣǰ Ǭ ǲǦǫǞǫǯǬǠǬǪ ǯǬǯǰǬȸǫǦǦ

ǁǮǱǭǭȴ ǭǬ ǣǣ ǦǯǰǬǮǦȰǣǯǨǬǧ ǯǣǟǣǯǰǬǦǪǬǯǰǦ. ǆǥǫǬǯ ǫǞ ǥǣǪ-

ǩȷ, ǫǞ ǨǬǰǬǮǱȷ ǁǮǱǭǭǞ ǦǪǣǣǰ ǟǣǥǬǡǬǠǬǮǬȰǫǬǣ ǭǮǞǠǬ ǯǬǟ-

ǯǰǠǣǫǫǬǯǰǦ, ǫǣ ǫǞȰǦǯǩȸǣǰǯȸ.

ǈǞǰǣǡǬǮǦȸ ǞǨǰǦǠǞ ǏǮǬǨ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ (ǩǣǰ)

ǉǬǨǞǩȵǫȴǣ, ǮǣǡǦǬǫǞǩȵǫȴǣ Ǧ ǪǞǡǦǯǰǮǞǩȵǫȴǣ ǯǣǰǦ 20

ǊǬǟǦǩȵǫǞȸ ǯǣǰȵ Ǧ ǨǬǪǪǱǰǞǰǬǮȴ 5-15

ǎǞǢǦǬǬǟǬǮǱǢǬǠǞǫǦǣ 7

ǅǢǞǫǦȸ 10-30

ƾǢǪǦǫǦǯǰǮǞǰǦǠǫȴǣ ǞǨǰǦǠȴ ǈǬǪǭǞǫǦǦ 5-10



70

ƼǬǡǩǠǜƾǮǣǫǢǞ ǨǩǞǯǯǦǲǦȯǦǮǱǣǰǯȸ ǨǞǨ ǲǦǫǞǫǯǬǠǞȸ Ǡ ǰǬǪ ǯǩǱȰǞǣ,

ǨǬǡǢǞ, ǭǬ ǱǯǩǬǠǦȸǪ ǞǮǣǫǢȴ, Ǡǯǣ ǥǫǞȰǦǰǣǩȵǫȴǣ ǮǦǯǨǦ Ǧ

ǠȴǡǬǢȴ ǯǬǟǯǰǠǣǫǫǬǯǰǦ ǭǣǮǣǢǞȷǰǯȸ ǞǮǣǫǢǞǰǬǮǱ. ǀǯǣ ǭǮǬ-

ȰǦǣ ǠǦǢȴ ǞǮǣǫǢȴ ǨǩǞǯǯǦǲǦȯǦǮǱȷǰǯȸ ǨǞǨ ǬǭǣǮǞȯǦǬǫǫǞȸ

ǞǮǣǫǢǞ. ǌȯǣǫǨǞ ǞǮǣǫǢȴ ǥǞǠǦǯǦǰ Ǭǰ ǯǱȲǫǬǯǰǦ ǬǭǣǮǞȯǦǧ.

ǋǬ, ǨǞǨ ǭǮǞǠǦǩǬ, ǱǯǩǬǠǦȸ, ǭǬǥǠǬǩȸȷȲǦǣ ǁǮǱǭǭǣ ǨǩǞǯǯǦǲǦ-

ȯǦǮǬǠǞǰȵ ǞǮǣǫǢǱ ǨǞǨ ǲǦǫǞǫǯǬǠǱȷ, ȸǠǩȸȷǰǯȸ ǯǩǣǢǱȷȲǦǪǦ:

ǣǯǩǦ ǯǮǬǨ ǞǮǣǫǢȴ ǭǮǣǠȴȱǞǣǰ 75% ǬǤǦǢǞǣǪǬǡǬ ǯǮǬǨǞ ǭǬ-

ǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǦǩǦ ǣǯǩǦ ǢǦǯǨǬǫǰǦǮǬǠǞǫǫǞȸ ǯǰǬǦ-

ǪǬǯǰȵ ǪǦǫǦǪǞǩȵǫȴǳ ǞǮǣǫǢǫȴǳ ǭǩǞǰǣǤǣǧ ǭǮǣǠȴȱǞǣǰ 90%

ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǞǮǣǫǢǬǠǞǫǫǬǡǬ ǞǨǰǦǠǞ.

ǁǮǱǭǭǞ ǪǬǤǣǰ ǥǞǨǩȷȰǦǰȵ ǯǬǡǩǞȱǣǫǦǣ, ǫǣ ǦǪǣȷȲǣǣ ȷǮǦǢǦ-

ȰǣǯǨǬǧ ǲǬǮǪȴ ǞǮǣǫǢȴ, ǫǬ ǭǣǮǣǢǞȷȲǣǣ ǭǮǞǠǬ ǫǞ ǦǯǭǬǩȵǥǬ-

ǠǞǫǦǣ ǞǨǰǦǠǞ Ǡ ǬǟǪǣǫ ǫǞ ǭǩǞǰǣǤ ǦǩǦ ǫǣǯǨǬǩȵǨǬ ǭǩǞǰǣǤǣǧ.

ǌǭǮǣǢǣǩǣǫǦǣ ǰǬǡǬ, ȸǠǩȸǣǰǯȸ ǩǦ ǯǬǡǩǞȱǣǫǦǣ ǞǮǣǫǢǬǧ, ǦǩǦ

ǯǬǢǣǮǤǦǰ ǩǦ ǬǫǬ ǭǮǦǥǫǞǨǦ ǞǮǣǫǢȴ, ǬǯǫǬǠȴǠǞǣǰǯȸ ǫǞ ǞǫǞ-

ǩǦǥǣ ǯǱȲǫǬǯǰǦ ǯǬǡǩǞȱǣǫǦȸ Ǧ ǰǮǣǟǱǣǰ ǯǩǣǢǱȷȲǣǧ ǬȯǣǫǨǦ:

(Ǟ) ǥǞǠǦǯǦǰ ǩǦ ǣǡǬ ǠȴǭǬǩǫǣǫǦǣ Ǭǰ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǨǬǫǨǮǣǰ-ǫǬǡǬ ǞǨǰǦǠǞ, Ǧ (ǟ) ǭǣǮǣǳǬǢǦǰ ǩǦ ǭǮǞǠǬ ǭǬǩȵǥǬǠǞǫǦȸ ǞǨǰǦǠǬǪ.

ГSVRRD F MDZITUFI DSIPHDUQSD

ǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ, ǭǮǦǬǟǮǣǰǣǫǫȴǣ ǭǱǰǣǪ ǲǦǫǞǫǯǬǠǬǧ

ǞǮǣǫǢȴ, ǨǞǭǦǰǞǩǦǥǦǮǱȷǰǯȸ Ǧ ǬǰǮǞǤǞȷǰǯȸ ǭǬ Ǫǣǫȵȱǣǧ Ǧǥ

ǢǠǱǳ ǠǣǩǦȰǦǫ: ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǦǩǦ ǢǦǯǨǬǫǰǦǮǬ-

ǠǞǫǫǬǧ ǯǰǬǦǪǬǯǰǦ ǪǦǫǦǪǞǩȵǫȴǳ ǞǮǣǫǢǫȴǳ ǭǩǞǰǣǤǣǧ Ǡ ǫǞ-

ȰǞǩǣ ǞǮǣǫǢȴ, ǥǞ ǠȴȰǣǰǬǪ ǫǞǨǬǭǩǣǫǫǬǡǬ ǦǥǫǬǯǞ Ǧ ǱǟȴǰǨǞ

Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ. ǆǥǫǬǯ ǫǞ ǞǮǣǫǢǬǠǞǫǫȴǣ ǞǨǰǦ-

Ǡȴ ǫǞȰǦǯǩȸǣǰǯȸ Ǡ ǰǣȰǣǫǦǣ ǠǯǣǡǬ ǯǮǬǨǞ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵ-

ǥǬǠǞǫǦȸ ǞǨǰǦǠǞ. ǌǢǫǞǨǬ ǣǯǩǦ ǬǰǯǱǰǯǰǠǱǣǰ ǬǟǬǯǫǬǠǞǫǫǞȸ

ǱǠǣǮǣǫǫǬǯǰȵ Ǡ ǰǬǪ, ȰǰǬ Ǩ ǁǮǱǭǭǣ ǭǣǮǣǧǢǣǰ ǭǮǞǠǬ ǯǬǟǯǰǠǣǫ-

ǫǬǯǰǦ ǫǞ ǞǨǰǦǠ Ǡ ǨǬǫȯǣ ǯǮǬǨǞ ǞǮǣǫǢȴ, ǞǨǰǦǠ ǞǪǬǮǰǦǥǦǮǱ-

ǣǰǯȸ Ǡ ǰǣȰǣǫǦǣ ǟǬǩǣǣ ǨǬǮǬǰǨǬǡǬ Ǧǥ ǯǩǣǢǱȷȲǦǳ ǭǣǮǦǬǢǬǠ:

ǯǮǬǨǞ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǞǨǰǦǠǞ Ǧ ǯǮǬǨǞ ǞǮǣǫǢȴ.

ǍǩǞǰǣǤǦ ǥǞ ǬǭǣǮǞȯǦǬǫǫǱȷ ǞǮǣǫǢǱ ǬǰǮǞǤǞȷǰǯȸ Ǡ ǯǬǯǰǞǠǣ

ǭǮǦǟȴǩǣǧ Ǧ ǱǟȴǰǨǬǠ ǩǦǫǣǧǫȴǪ ǪǣǰǬǢǬǪ Ǡ ǰǣȰǣǫǦǣ ǠǯǣǡǬ

ǯǮǬǨǞ ǯǬǬǰǠǣǰǯǰǠǱȷȲǣǧ ǞǮǣǫǢȴ. ǀȴǡǬǢȴ Ǧ ǭǮǣǪǦǦ, ǭǬǩǱ-

Ȱǣǫǫȴǣ Ǭǰ ǥǞǨǩȷȰǣǫǦȸ ǯǬǡǩǞȱǣǫǦǧ ǬǭǣǮǞȯǦǬǫǫǬǧ ǞǮǣǫ-

Ǣȴ, ǰǞǨǤǣ ǞǪǬǮǰǦǥǦǮǱȷǰǯȸ ǩǦǫǣǧǫȴǪ ǪǣǰǬǢǬǪ Ǡ ǰǣȰǣǫǦǣ

ǠǯǣǡǬ ǯǮǬǨǞ ǞǮǣǫǢȴ. ǍǮǣǢǬǭǩǞȰǣǫǫȴǣ ǞǮǣǫǢǫȴǣ ǭǩǞǰǣǤǦ,

ǬǯǱȲǣǯǰǠǩǣǫǫȴǣ Ǡ ǫǞȰǞǩǣ ǬǭǣǮǞȯǦǬǫǫǬǧ ǞǮǣǫǢȴ ǦǩǦ ǭǮǦ-

ǬǟǮǣǰǣǫǦȸ ǞǮǣǫǢǬǠǞǫǫǬǧ ǯǬǟǯǰǠǣǫǫǬǯǰǦ, ǞǪǬǮǰǦǥǦǮǱȷǰ-ǯȸ Ǡ ǰǣȰǣǫǦǣ ǠǯǣǡǬ ǯǮǬǨǞ ǞǮǣǫǢȴ ǯǬǡǩǞǯǫǬ ǭǮǣǢǬǯǰǞǠǩǣǫ-

ǫȴǪ ǠȴǡǬǢǞǪ Ǧ ǬǰǮǞǤǞȷǰǯȸ Ǡ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ.

ǌǜǭǱǪǠȲ ǫǪ ǣǜǥǨǜǨǎǞǯǳǬǢȴ ǭǬ ǥǞǧǪǞǪ, ǫǣǭǬǯǮǣǢǯǰǠǣǫǫǬ ǯǠȸǥǞǫǫȴǣ ǯ ǭǮǦ-

ǬǟǮǣǰǣǫǦǣǪ, ǯǰǮǬǦǰǣǩȵǯǰǠǬǪ ǦǩǦ ǭǮǬǦǥǠǬǢǯǰǠǬǪ ǞǨǰǦǠǞ,

ǨǬǰǬǮȴǧ Ǡ ǯǦǩǱ ǫǣǬǟǳǬǢǦǪǬǯǰǦ ǰǮǣǟǱǣǰ ǭǮǬǢǬǩǤǦǰǣǩȵǫǬ-

ǡǬ ǭǣǮǦǬǢǞ ǠǮǣǪǣǫǦ Ǣǩȸ ǣǡǬ ǭǬǢǡǬǰǬǠǨǦ Ǩ ǭǩǞǫǬǠǬǪǱ Ǧǯ-ǭǬǩȵǥǬǠǞǫǦȷ ǦǩǦ Ǩ ǭǮǬǢǞǤǣ, ǨǞǭǦǰǞǩǦǥǦǮǱȷǰǯȸ ǨǞǨ ȰǞǯǰȵ

ǭǣǮǠǬǫǞȰǞǩȵǫǬǧ ǯǰǬǦǪǬǯǰǦ ǰǞǨǬǡǬ ǞǨǰǦǠǞ. ǀǯǣ ǭǮǬȰǦǣ

ǮǞǯǳǬǢȴ ǭǬ ǥǞǧǪǞǪ ǬǰǫǬǯȸǰǯȸ ǫǞ ǮǞǯǳǬǢȴ Ǡ ǰǬǪ ǬǰȰǣǰǫǬǪ

ǭǣǮǦǬǢǣ, Ǡ ǨǬǰǬǮǬǪ ǬǫǦ ǟȴǩǦ ǭǬǫǣǯǣǫȴ. ǎǞǯǳǬǢȴ ǭǬ ǥǞǧ-

ǪǞǪ ǯǬǯǰǬȸǰ Ǧǥ ǭǮǬȯǣǫǰǬǠ Ǧ ǭǮǬȰǦǳ ǮǞǯǳǬǢǬǠ, ǭǬǫǣǯǣǫǫȴǳ Ǡ ǯǠȸǥǦ ǯ ǭǮǦǠǩǣȰǣǫǦǣǪ ǥǞǣǪǫȴǳ ǯǮǣǢǯǰǠ.

ǉǡǨǜǮǡǬǤǜǧȳǩȲǡ ǜǦǮǤǞȲǍǮǦǬǟǮǣǰǣǫǫȴǣ ǫǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ ǭǣǮǠǬǫǞȰǞǩȵǫǬ

ǭǮǦǥǫǞȷǰǯȸ ǭǬ ǯǣǟǣǯǰǬǦǪǬǯǰǦ. ǍǬǯǩǣ ǭǣǮǠǬǫǞȰǞǩȵǫǬǡǬ

ǭǮǦǥǫǞǫǦȸ ǫǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ ǬǰǮǞǤǞȷǰǯȸ ǭǬ ǯǣ-

ǟǣǯǰǬǦǪǬǯǰǦ ǥǞ ǠȴȰǣǰǬǪ ǫǞǨǬǭǩǣǫǫǬǧ ǞǪǬǮǰǦǥǞȯǦǦ ǦǩǦ

ǨǞǨǦǳ-ǩǦǟǬ ǫǞǨǬǭǩǣǫǫȴǳ ǱǟȴǰǨǬǠ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥ-

ǫǬǯǰǦ.

ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ, ǯǬǥǢǞǫǫȴǣ ǠǫǱǰǮǦ ǨǬǪǭǞǫǦǦ, ǥǞ

ǦǯǨǩȷȰǣǫǦǣǪ ǨǞǭǦǰǞǩǦǥǦǮǬǠǞǫǫȴǳ ǮǞǯǳǬǢǬǠ ǫǞ ǮǞǥǮǞ-

ǟǬǰǨǱ, ǫǣ ǨǞǭǦǰǞǩǦǥǦǮǱȷǰǯȸ, Ǧ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǣ ǮǞǯǳǬǢȴ

ǬǰǮǞǤǞȷǰǯȸ Ǡ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ ǥǞ ǭǣǮǦǬǢ, Ǡ ǨǬǰǬǮǬǪ

ǬǫǦ ǠǬǥǫǦǨǩǦ.

ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ ǯ ǬǭǮǣǢǣǩǣǫǫȴǪ ǯǮǬǨǬǪ ǭǬǩǣǥ-

ǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǞǪǬǮǰǦǥǦǮǱȷǰǯȸ Ǡ ǰǣȰǣǫǦǣ ǠǯǣǡǬ ǯǮǬ-

ǨǞ Ǧǳ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ. ǏǮǬǨǦ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵ-

ǥǬǠǞǫǦȸ Ǧ ǪǣǰǬǢȴ ǞǪǬǮǰǦǥǞȯǦǦ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ

ǭǣǮǣǯǪǞǰǮǦǠǞȷǰǯȸ ǭǬ ǨǮǞǧǫǣǧ ǪǣǮǣ ǮǞǥ Ǡ ǡǬǢ Ǧ ǨǬǮǮǣǨ-

ǰǦǮǱȷǰǯȸ ǫǞ ǭǣǮǯǭǣǨǰǦǠǫǬǧ ǬǯǫǬǠǣ, ǣǯǩǦ ȶǰǬ ǫǣǬǟǳǬǢǦǪǬ.

ƾǪǬǮǰǦǥǞȯǦȸ ǫǞȰǦǯǩȸǣǰǯȸ ǩǦǫǣǧǫȴǪ ǪǣǰǬǢǬǪ Ǡ ǰǣȰǣǫǦǣ

ǯǩǣǢǱȷȲǦǳ ǬǤǦǢǞǣǪȴǳ ǯǮǬǨǬǠ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ

ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǳ ǞǨǰǦǠǬǠ:

ǂǬǳǬǢȴ ǦǩǦ ǮǞǯǳǬǢȴ Ǭǰ ǭǮǣǨǮǞȲǣǫǦȸ ǭǮǦǥǫǞǫǦȸ ǫǣǪǞǰǣ-

ǮǦǞǩȵǫǬǡǬ ǞǨǰǦǠǞ ǬȯǣǫǦǠǞȷǰǯȸ ǨǞǨ ǮǞǥǫǦȯǞ ǪǣǤǢǱ ȰǦ-

ǯǰǬǧ ǠȴǮǱȰǨǬǧ Ǭǰ ǠȴǟȴǰǦȸ ǞǨǰǦǠǞ Ǧ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬ-

ǯǰȵȷ ǞǨǰǦǠǞ Ǧ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǬǰȰǣǰǣ Ǭ ǯǬǠǬǨǱǭǫǬǪ ǢǬǳǬǢǣ

ǨǞǨ ǭǮǬȰǦǣ ǮǞǯǳǬǢȴ.

ǈǞǰǣǡǬǮǦȸ ǞǨǰǦǠǞ ǏǮǬǨ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ (ǩǣǰ)

ǉǦȯǣǫǥǦǦ 10-15

ǏǣǰǣǠǬǣ Ǧ ǟǦǩǩǦǫǡǬǠǬǣ ǭǮǬǡǮǞǪǪǫǬǣ ǬǟǣǯǭǣȰǣǫǦǣ 5-10



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ǏǨǡǩȳȯǡǩǤǡ ǫǪǧǡǣǩǪǭǮǤǩǡǰǤǩǜǩǭǪǞȲǱ ǜǦǮǤǞǪǞ

ǋǞ ǨǞǤǢǱȷ ǬǰȰǣǰǫǱȷ ǢǞǰǱ ǁǮǱǭǭǞ ǬǭǮǣǢǣǩȸǣǰ, ǦǪǣȷǰǯȸ

ǩǦ ǭǮǦǥǫǞǨǦ ǠǬǥǪǬǤǫǬǡǬ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǞǨǰǦǠǞ.

ǃǯǩǦ ǰǞǨǦǣ ǭǮǦǥǫǞǨǦ ǯǱȲǣǯǰǠǱȷǰ, ǦǩǦ ǣǯǩǦ ǫǣǬǟǳǬǢǦǪǬ

ǠȴǭǬǩǫǦǰȵ ǣǤǣǡǬǢǫǬǣ ǰǣǯǰǦǮǬǠǞǫǦǣ ǞǨǰǦǠǞ ǫǞ ǭǮǣǢǪǣǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ, ǈǬǪǭǞǫǦȸ ǬǯǱȲǣǯǰǠǩȸǣǰ ǬȯǣǫǨǱ

ǠǬǥǪǣȲǞǣǪǬǧ ǯǰǬǦǪǬǯǰǦ ǞǨǰǦǠǞ. ǀǬǥǪǣȲǞǣǪǞȸ ǯǰǬǦǪǬǯǰȵ

ǞǨǰǦǠǞ - ȶǰǬ ǫǞǦǟǬǩȵȱǞȸ Ǧǥ ǯǩǣǢǱȷȲǦǳ ǠǣǩǦȰǦǫ: ǯǭǮǞǠǣǢ-

ǩǦǠǞȸ ǯǰǬǦǪǬǯǰȵ ǞǨǰǦǠǞ ǦǩǦ ǭǬǢǮǞǥǢǣǩǣǫǦȸ, ǡǣǫǣǮǦǮǱȷ-

ȲǣǡǬ ǢǣǫǣǤǫȴǣ ǭǬǰǬǨǦ, ǥǞ ǠȴȰǣǰǬǪ ǮǞǯǳǬǢǬǠ ǫǞ ǮǣǞǩǦǥǞ-

ȯǦȷ, Ǧ ȯǣǫǫǬǯǰȵ Ǭǰ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǞǨǰǦǠǞ.

ǀǬǥǪǣȲǞǣǪǞȸ ǯǰǬǦǪǬǯǰȵ ǬǭǮǣǢǣǩȸǣǰǯȸ Ǣǩȸ ǬǰǢǣǩȵǫǬǡǬ ǞǨ-

ǰǦǠǞ, ǨǮǬǪǣ ǯǩǱȰǞǣǠ, ǨǬǡǢǞ ǞǨǰǦǠ ǫǣ ǡǣǫǣǮǦǮǱǣǰ ǭǬǯǰǱǭǩǣ-

ǫǦȸ ǯǮǣǢǯǰǠ, ǨǬǰǬǮȴǣ ǟǬǩȵȱǣǧ ȰǞǯǰȵȷ ȸǠǩȸȷǰǯȸ ǫǣǥǞǠǦǯǦ-

ǪȴǪǦ Ǭǰ ǭǬǯǰǱǭǩǣǫǦǧ, ǡǣǫǣǮǦǮǬǠǞǫǫȴǳ ǭǮǬȰǦǪǦ ǞǨǰǦǠǞǪǦ

ǦǩǦ ǡǮǱǭǭǞǪǦ ǞǨǰǦǠǬǠ. ǃǯǩǦ ǟǞǩǞǫǯǬǠǞȸ ǯǰǬǦǪǬǯǰȵ ǞǨǰǦǠǞ

ǭǮǣǠȴȱǞǣǰ ǣǡǬ ǠǬǥǪǣȲǞǣǪǱȷ ǯǰǬǦǪǬǯǰȵ, ǯȰǦǰǞǣǰǯȸ, ȰǰǬ

ǭǬǩǣǥǫǬǯǰȵ ǞǨǰǦǠǞ ǱǪǣǫȵȱǦǩǞǯȵ, Ǧ Ǭǫ ǯǭǦǯȴǠǞǣǰǯȸ ǢǬ ǠǬǥ-

ǪǣȲǞǣǪǬǧ ǯǰǬǦǪǬǯǰǦ. ǍǮǦ ǬȯǣǫǨǣ ȯǣǫǫǬǯǰǦ Ǭǰ ǦǯǭǬǩȵǥǬǠǞ-

ǫǦȸ ǟǱǢǱȲǦǣ ǢǣǫǣǤǫȴǣ ǭǬǰǬǨǦ ǢǦǯǨǬǫǰǦǮǱȷǰǯȸ ǭǬ ǯǰǞǠǨǣ

ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ, ǨǬǰǬǮǞȸ ǬǰǮǞǤǞǣǰ ǰǣǨǱȲǱȷ ǮȴǫǬȰǫǱȷ ǯǰǬǦǪǬǯǰȵ ǢǣǫǣǤǫȴǳ ǯǮǣǢǯǰǠ Ǧ ǮǦǯǨǦ,

ǭǮǦǯǱȲǦǣ ǞǨǰǦǠǱ. ǍǮǦ ǬǭǮǣǢǣǩǣǫǦǦ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦ-

ǪǬǯǰǦ ǥǞ ǠȴȰǣǰǬǪ ǮǞǯǳǬǢǬǠ ǫǞ ǮǣǞǩǦǥǞȯǦȷ ǱȰǦǰȴǠǞȷǰǯȸ

ǭǬǯǩǣǢǫǦǣ ǬǭǣǮǞȯǦǦ ǫǞ ǮȴǫǨǣ, ǭǮǦ Ǧǳ ǫǞǩǦȰǦǦ. ǀ ǯǩǱȰǞǣ

ǫǣǠǬǥǪǬǤǫǬǯǰǦ ǬǭǮǣǢǣǩǣǫǦȸ ǰǞǨǦǳ ǬǭǣǮǞȯǦǧ ǦǯǭǬǩȵǥǱǣǰ-ǯȸ ǯǬǬǰǠǣǰǯǰǠǱȷȲǞȸ ǪǬǢǣǩȵ ǬȯǣǫǨǦ. ǐǞǨǦǣ ǮǞǯȰǣǰȴ ǭǬǢ-

ǰǠǣǮǤǢǞȷǰǯȸ ǬȯǣǫǬȰǫȴǪǦ ǨǬȶǲǲǦȯǦǣǫǰǞǪǦ ǦǩǦ ǭǮǬȰǦ-

ǪǦ ǢǬǯǰǱǭǫȴǪǦ ǭǬǨǞǥǞǰǣǩȸǪǦ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ.

ǑǟȴǰǨǦ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǰǣǨǱȲǣǧ ǢǣȸǰǣǩȵǫǬǯǰǦ

ǭǮǦǥǫǞȷǰǯȸ Ǡ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ.

ǃǢǦǫǦȯǞ, ǡǣǫǣǮǦǮǱȷȲǞȸ ǢǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ, ǭǮǣǢǯǰǞǠǩȸ-

ǣǰ ǯǬǟǬǧ ǫǞǦǪǣǫȵȱǱȷ ǦǢǣǫǰǦǲǦȯǦǮǬǠǞǫǫǱȷ ǡǮǱǭǭǱ ǞǨǰǦ-

ǠǬǠ, ǨǬǰǬǮǞȸ ǡǣǫǣǮǦǮǱǣǰ ǢǣǫǣǤǫȴǣ ǭǬǯǰǱǭǩǣǫǦȸ, ǟǬǩȵȱǣǧ

ȰǞǯǰȵȷ ǫǣǥǞǠǦǯǦǪȴǣ Ǭǰ ǢǣǫǣǤǫȴǳ ǭǬǯǰǱǭǩǣǫǦǧ Ǭǰ ǭǮǬȰǦǳ ǞǨǰǦǠǬǠ ǦǩǦ ǡǮǱǭǭ ǞǨǰǦǠǬǠ. ǆǯǳǬǢȸ Ǧǥ ǯǭǣȯǦǲǦǨǦ ǬǭǣǮǞ-

ȯǦǬǫǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ, ǮǱǨǬǠǬǢǯǰǠǬ ǬǭǮǣǢǣǩǦǩǬ,

ȰǰǬ ǁǮǱǭǭǞ ǦǪǣǣǰ ǬǢǫǱ ǣǢǦǫǦȯǱ, ǡǣǫǣǮǦǮǱȷȲǱȷ ǢǣǫǣǤǫȴǣ

ǯǮǣǢǯǰǠǞ, ǨǬǰǬǮǞȸ ǭǮǣǢǯǰǞǠǩȸǣǰ ǯǬǟǬǧ Ǡǯȷ ǯǣǰȵ ǈǬǪǭǞǫǦǦ.

ǋǞ ǨǞǤǢǱȷ ǬǰȰǣǰǫǱȷ ǢǞǰǱ ǬǭǮǣǢǣǩȸǣǰǯȸ, ǦǪǣȷǰǯȸ ǩǦ

ǭǮǦǥǫǞǨǦ ǰǬǡǬ, ȰǰǬ ǮǞǫǣǣ ǭǮǦǥǫǞǫǫȴǣ ǱǟȴǰǨǦ Ǭǰ ǱǪǣǫȵ-

ȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǞǨǰǦǠǞ ǟǬǩȵȱǣ ǫǣ ǯǱȲǣǯǰǠǱȷǰ ǦǩǦ

ǱǪǣǫȵȱǦǩǦǯȵ.

ǃǯǩǦ ǰǞǨǦǣ ǭǮǦǥǫǞǨǦ ǦǪǣȷǰǯȸ, ǭǮǬǠǬǢȸǰǯȸ ǮǞǯȰǣǰȴ ǠǬǥ-

ǪǣȲǞǣǪǬǧ ǯǰǬǦǪǬǯǰǦ. ǎǞǫǣǣ ǭǮǦǥǫǞǫǫȴǣ ǱǟȴǰǨǦ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǯǰǬǮǫǦǮǱȷǰǯȸ ǰǬǩȵǨǬ Ǡ ǰǬǪ

ǯǩǱȰǞǣ, ǣǯǩǦ ǦǪǣǩǬ ǪǣǯǰǬ ǦǥǪǣǫǣǫǦǣ Ǡ ǬȯǣǫǨǣ, ǨǬǰǬǮǞȸ

ǦǯǭǬǩȵǥǬǠǞǩǞǯȵ Ǣǩȸ ǬǭǮǣǢǣǩǣǫǦȸ ǠǬǥǪǣȲǞǣǪǬǧ ǯǰǬǦǪǬ-

ǯǰǦ ǞǨǰǦǠǞ ǯǬ ǠǮǣǪǣǫǦ ǭǬǯǩǣǢǫǣǡǬ ǭǮǦǥǫǞǫǦȸ ǱǟȴǰǨǞ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ. ǃǯǩǦ ȶǰǬ ǰǞǨ, ǰǬ ǟǞǩǞǫǯǬǠǞȸ ǯǰǬ-

ǦǪǬǯǰȵ ǞǨǰǦǠǞ ǱǠǣǩǦȰǦǠǞǣǰǯȸ ǢǬ ǠǬǥǪǣȲǞǣǪǬǧ ǯǰǬǦǪǬǯǰǦ

ǞǨǰǦǠǞ. ǛǰǞ ǱǠǣǩǦȰǣǫǫǞȸ ǯǰǬǦǪǬǯǰȵ ǫǣ ǪǬǤǣǰ ǭǮǣǠȴȱǞǰȵ

ǟǞǩǞǫǯǬǠǱȷ ǯǰǬǦǪǬǯǰȵ, ǨǬǰǬǮǞȸ ǟȴǩǞ ǟȴ ǬǭǮǣǢǣǩǣǫǞ ǥǞ

ǠȴȰǣǰǬǪ ǞǪǬǮǰǦǥǞȯǦǦ, ǣǯǩǦ ǟȴ Ǡ ǭǮǣǢȴǢǱȲǦǣ ǡǬǢȴ ǫǣ ǟȴǩ

ǭǮǦǥǫǞǫ ǱǟȴǰǬǨ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǞǨǰǦǠǞ. ǐǞǨǬǣ

ǯǰǬǮǫǦǮǬǠǞǫǦǣ ǯǰǬǦǪǬǯǰǦ ǭǮǦǥǫǞǣǰǯȸ Ǡ ǯǬǯǰǞǠǣ ǭǮǦǟȴ-

ǩǣǧ Ǧ ǱǟȴǰǨǬǠ. ǍǬǯǩǣ ǯǰǬǮǫǦǮǬǠǞǫǦȸ ǦǥǫǬǯ ǨǬǮǮǣǨǰǦǮǱ-

ǣǰǯȸ Ǡ ǟǱǢǱȲǦǳ ǭǣǮǦǬǢǞǳ ǯ ȯǣǩȵȷ ǮǞǯǭǮǣǢǣǩǣǫǦȸ ǭǣǮǣ-

ǬȯǣǫǣǫǫǬǧ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰǦ ǞǨǰǦǠǞ ǥǞ ǠȴȰǣǰǬǪ ǣǡǬ

ǩǦǨǠǦǢǞȯǦǬǫǫǬǧ ǯǰǬǦǪǬǯǰǦ ǫǞ ǯǦǯǰǣǪǞǰǦȰǣǯǨǬǧ ǬǯǫǬǠǣ Ǡ

ǰǣȰǣǫǦǣ ǯǮǬǨǞ ǣǡǬ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ.

ǐǤǩǜǩǭǪǞȲǡ ǜǦǮǤǞȲПISFQPDZDN_PQI RSLKPDPLI L QYIPMD

ǒǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ ǯǬǡǩǞǯǫǬ ǊǏƿǑ (IAS) 39 ǨǩǞǯǯǦǲǦȯǦ-

ǮǱȷǰǯȸ ǯǬǬǰǠǣǰǯǰǠǣǫǫǬ ǨǞǨ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ ǭǬ ǯǭǮǞ-

ǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǯ ǬǰǮǞǤǣǫǦǣǪ ǭǣǮǣǬȯǣǫǨǦ Ǡ ǭǮǦǟȴ-

ǩȸǳ ǦǩǦ ǱǟȴǰǨǞǳ; ǥǞǧǪȴ Ǧ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ;

ǦǫǠǣǯǰǦȯǦǦ, ǱǢǣǮǤǦǠǞǣǪȴǣ ǢǬ ǭǬǡǞȱǣǫǦȸ; ǦǩǦ ǲǦǫǞǫǯǬ-

Ǡȴǣ ǞǨǰǦǠȴ, ǦǪǣȷȲǦǣǯȸ Ǡ ǫǞǩǦȰǦǦ Ǣǩȸ ǭǮǬǢǞǤǦ, ǦǩǦ ǭǮǬ-

ǦǥǠǬǢǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ, ǨǬǰǬǮȴǣ ǟȴǩǦ ǬǭǮǣ-

Ǣǣǩǣǫȴ ǨǞǨ ȶǲǲǣǨǰǦǠǫȴǧ ǦǫǯǰǮǱǪǣǫǰ ǳǣǢǤǦǮǬǠǞǫǦȸ. ǀǬ

ǠǮǣǪȸ ǭǣǮǠǬǫǞȰǞǩȵǫǬǡǬ ǭǮǦǥǫǞǫǦȸ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ

ǁǮǱǭǭǞ ǭǮǦǯǠǞǦǠǞǣǰ ǦǪ ǯǬǬǰǠǣǰǯǰǠǱȷȲǱȷ ǨǞǰǣǡǬǮǦȷ.

ǏǬǡǩǞȱǣǫǦȸ Ǭ ǭǮǦǬǟǮǣǰǣǫǦǦ ǦǩǦ ǭǮǬǢǞǤǣ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ, ǰǮǣǟǱȷȲǦǣ ǭǬǯǰǞǠǨǦ ǞǨǰǦǠǬǠ Ǡ ǯǮǬǨǦ, ǱǯǰǞǫǞǠ-

ǩǦǠǞǣǪȴǣ ǥǞǨǬǫǬǢǞǰǣǩȵǯǰǠǬǪ ǦǩǦ ǭǮǞǠǦǩǞǪǦ, ǭǮǦǫȸǰȴǪǦ

ǫǞ ǬǭǮǣǢǣǩǣǫǫǬǪ ǮȴǫǨǣ (ǯǬǡǩǞȱǣǫǦȸ ǫǞ «ǯǰǞǫǢǞǮǰǫȴǳ Ǳǯ-ǩǬǠǦȸǳ»), ǭǮǦǥǫǞȷǰǯȸ ǫǞ ǢǞǰǱ ǥǞǨǩȷȰǣǫǦȸ ǯǬǡǩǞȱǣǫǦȸ, ǰǬ

ǣǯǰȵ ǫǞ ǢǞǰǱ, ǨǬǡǢǞ ǁǮǱǭǭǞ ǟǣǮǣǰ ǫǞ ǯǣǟȸ ǬǟȸǥǞǰǣǩȵǯǰǠǬ

ǨǱǭǦǰȵ ǦǩǦ ǭǮǬǢǞǰȵ ǞǨǰǦǠ.

ǒǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ ǁǮǱǭǭȴ ǠǨǩȷȰǞȷǰ ǢǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ

Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ, ǰǬǮǡǬǠǱȷ Ǧ ǭǮǬȰǱȷ ǢǣǟǦǰǬǮǯǨǱȷ ǥǞǢǬǩ-

ǤǣǫǫǬǯǰȵ Ǧ ǠǬǥǠǮǞǰǫǱȷ ǭǮǬȯǣǫǰǫǱȷ ǲǦǫǞǫǯǬǠǱȷ ǭǬǪǬȲȵ,

Ǡǯǣ Ǧǥ ǨǬǰǬǮȴǳ ǨǩǞǯǯǦǲǦȯǦǮǱȷǰǯȸ ǨǞǨ ǥǞǧǪȴ Ǧ ǢǣǟǦǰǬǮ-

ǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǯǬǡǩǞǯǫǬ ǊǏƿǑ (IAS) 39.

ǅǞǧǪȴ Ǧ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ – ȶǰǬ ǫǣǭǮǬǦǥǠǬ-

Ǣǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǦǩǦ ǬǭǮǣǢǣ-

ǩǣǫǫȴǪǦ ǭǩǞǰǣǤǞǪǦ, ǨǬǰǬǮȴǣ ǫǣ ǨǬǰǦǮǱȷǰǯȸ ǫǞ ǞǨǰǦǠǫǬǪ

ǮȴǫǨǣ. ǐǞǨǦǣ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ ǭǣǮǠǬǫǞȰǞǩȵǫǬ ǭǮǦǥǫǞ-

ȷǰǯȸ ǭǬ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǯ ǢǬǟǞǠǩǣǫǦǣǪ ǯǱǪǪȴ

ǭǮȸǪȴǳ ǮǞǯǳǬǢǬǠ ǭǬ ǬǭǣǮǞȯǦȸǪ, ǣǯǩǦ ǰǞǨǬǠȴǣ ǦǪǣȷǰǯȸ.

ǍǮǦ ǭǮǬǠǣǢǣǫǦǦ ǭǬǢǬǟǫȴǳ ǬǭǣǮǞȯǦǧ ǯ ǨǬǪǭǞǫǦȸǪǦ ǭǬǢ

ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ ǭǮǣǠȴȱǣǫǦǣ ǫǬǪǦǫǞǩȵǫǬǧ ǯǰǬǦǪǬǯǰǦ

ǫǞǢ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰȵȷ ǬǰǮǞǤǞǣǰǯȸ Ǡ ǯǬǯǰǞǠǣ ǫǣ-

ǮǞǯǭǮǣǢǣǩǣǫǫǬǧ ǭǮǦǟȴǩǦ.



72

ПQTNIHVa¥Db QYIPMD

ǍǬǯǩǣ ǭǣǮǠǬǫǞȰǞǩȵǫǬǡǬ ǭǮǦǥǫǞǫǦȸ ǰǞǨǦǣ ǲǦǫǞǫǯǬǠȴǣ

ǞǨǰǦǠȴ Ǡ ǢǞǩȵǫǣǧȱǣǪ ǬǰǮǞǤǞȷǰǯȸ ǭǬ ǞǪǬǮǰǦǥǦǮǬǠǞǫ-

ǫǬǧ ǯǰǬǦǪǬǯǰǦ ǯ ǦǯǭǬǩȵǥǬǠǞǫǦǣǪ ǪǣǰǬǢǞ ȶǲǲǣǨǰǦǠǫǬǧ

ǭǮǬȯǣǫǰǫǬǧ ǯǰǞǠǨǦ ǥǞ ǠȴȰǣǰǬǪ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ.

ƾǪǬǮǰǦǥǦǮǬǠǞǫǫǞȸ ǯǰǬǦǪǬǯǰȵ ǮǞǯǯȰǦǰȴǠǞǣǰǯȸ ǯ ǱȰǣǰǬǪ

ǢǦǯǨǬǫǰǬǠ ǦǩǦ ǭǮǣǪǦǧ ǭǮǦ ǭǮǦǬǟǮǣǰǣǫǦǦ, Ǟ ǰǞǨǤǣ ǨǬ-

ǪǦǯǯǦǬǫǫȴǳ ǦǩǦ ǮǞǯǳǬǢǬǠ, ȸǠǩȸȷȲǦǳǯȸ ǫǣǬǰȳǣǪǩǣǪǬǧ

ȰǞǯǰȵȷ ȶǲǲǣǨǰǦǠǫǬǧ ǭǮǬȯǣǫǰǫǬǧ ǯǰǞǠǨǦ. ƾǪǬǮǰǦǥǞȯǦȸ

ǬǰǮǞǤǞǣǰǯȸ Ǡ ǯǬǯǰǞǠǣ ǲǦǫǞǫǯǬǠȴǳ ǢǬǳǬǢǬǠ Ǡ ǬǰȰǣǰǣ Ǭ ǯǬ-

ǠǬǨǱǭǫǬǪ ǢǬǳǬǢǣ.

ǐǤǩǜǩǭǪǞȲǡ ǪǝȶǣǜǮǡǧȳǭǮǞǜ

ПISFQPDZDN_PQI RSLKPDPLI L QYIPMD

ǒǦǫǞǫǯǬǠȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǯǬǡǩǞǯǫǬ ǊǏƿǑ (IAS) 39 ǨǩǞǯ-ǯǦǲǦȯǦǮǱȷǰǯȸ ǯǬǬǰǠǣǰǯǰǠǣǫǫǬ ǨǞǨ ǲǦǫǞǫǯǬǠȴǣ ǬǟȸǥǞ-

ǰǣǩȵǯǰǠǞ ǭǬ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǯ ǬǰǮǞǤǣǫǦǣǪ ǭǣ-

ǮǣǬȯǣǫǨǦ Ǡ ǭǮǦǟȴǩȸǳ ǦǩǦ ǱǟȴǰǨǞǳ, ǨǮǣǢǦǰȴ Ǧ ǥǞǧǪȴ ǦǩǦ

ǭǮǬǦǥǠǬǢǫȴǣ ǦǫǯǰǮǱǪǣǫǰȴ, ǬǭǮǣǢǣǩǣǫǫȴǣ ǨǞǨ ǦǫǯǰǮǱ-

Ǫǣǫǰȴ ȶǲǲǣǨǰǦǠǫǬǡǬ ǳǣǢǤǦǮǬǠǞǫǦȸ. ǀǬ ǠǮǣǪȸ ǭǣǮǠǬǫǞ-

ȰǞǩȵǫǬǡǬ ǭǮǦǥǫǞǫǦȸ ǲǦǫǞǫǯǬǠȴǳ ǬǟȸǥǞǰǣǩȵǯǰǠ ǁǮǱǭǭǞ

ǭǮǦǯǠǞǦǠǞǣǰ ǦǪ ǯǬǬǰǠǣǰǯǰǠǱȷȲǱȷ ǨǞǰǣǡǬǮǦȷ.

ǒǦǫǞǫǯǬǠȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǮǦǥǫǞȷǰǯȸ ǭǣǮǠǬǫǞȰǞǩȵǫǬ

ǭǬ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǥǞ ǠȴȰǣǰǬǪ, Ǡ ǯǩǱȰǞǣ ǨǮǣǢǦ-

ǰǬǠ Ǧ ǥǞǧǪǬǠ, ǯǱǪǪȴ ǭǮȸǪȴǳ ǮǞǯǳǬǢǬǠ ǭǬ ǬǭǣǮǞȯǦȸǪ.

ǒǦǫǞǫǯǬǠȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǁǮǱǭǭȴ ǠǨǩȷȰǞȷǰ ǰǬǮǡǬǠǱȷ Ǧ

ǭǮǬȰǱȷ ǨǮǣǢǦǰǬǮǯǨǱȷ ǥǞǢǬǩǤǣǫǫǬǯǰȵ, Ǟ ǰǞǨǤǣ ǨǮǣǢǦǰȴ

Ǧ ǥǞǧǪȴ.

ПQTNIHVa¥Db QYIPMD

ǍǬǯǩǣ ǭǣǮǠǬǫǞȰǞǩȵǫǬǡǬ ǭǮǦǥǫǞǫǦȸ ǭǮǬȯǣǫǰǫȴǣ ǨǮǣǢǦǰȴ

Ǧ ǥǞǧǪȴ Ǧ ǰǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫ-

ǫǬǯǰȵ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪ ǯǮǬǨǬǪ ǭǬǡǞȱǣǫǦȸ Ǡ ǢǞǩȵǫǣǧȱǣǪ

ǬȯǣǫǦǠǞȷǰǯȸ ǭǬ ǞǪǬǮǰǦǥǦǮǬǠǞǫǫǬǧ ǯǰǬǦǪǬǯǰǦ ǯ ǦǯǭǬǩȵ-

ǥǬǠǞǫǦǣǪ ǪǣǰǬǢǞ ȶǲǲǣǨǰǦǠǫǬǧ ǭǮǬȯǣǫǰǫǬǧ ǯǰǞǠǨǦ.

ǂǬǳǬǢȴ Ǧ ǮǞǯǳǬǢȴ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǯǬǯǰǞǠǣ ȰǦǯǰǬǧ ǭǮǦǟȴǩǦ

ǦǩǦ ǱǟȴǰǨǞ ǭǮǦ ǭǮǣǨǮǞȲǣǫǦǦ Ǧǳ ǭǮǦǥǫǞǫǦȸ, Ǟ ǰǞǨǤǣ ǭǬ

ǪǣǮǣ ǞǪǬǮǰǦǥǞȯǦǦ ǯ ǦǯǭǬǩȵǥǬǠǞǫǦǣǪ ǪǣǰǬǢǞ ȶǲǲǣǨǰǦǠ-

ǫǬǧ ǭǮǬȯǣǫǰǫǬǧ ǯǰǞǠǨǦ. ƾǪǬǮǰǦǥǦǮǬǠǞǫǫǞȸ ǯǰǬǦǪǬǯǰȵ

ǮǞǯǯȰǦǰȴǠǞǣǰǯȸ ǯ ǱȰǣǰǬǪ ǢǦǯǨǬǫǰǬǠ ǦǩǦ ǭǮǣǪǦǧ ǭǮǦ ǭǮǦ-

ǬǟǮǣǰǣǫǦǦ, Ǟ ǰǞǨǤǣ ǨǬǪǦǯǯǦǬǫǫȴǳ ǦǩǦ ǮǞǯǳǬǢǬǠ, ȸǠǩȸȷ-

ȲǦǳǯȸ ǫǣǬǰȳǣǪǩǣǪǬǧ ȰǞǯǰȵȷ ȶǲǲǣǨǰǦǠǫǬǧ ǭǮǬȯǣǫǰǫǬǧ

ǯǰǞǠǨǦ. ƾǪǬǮǰǦǥǞȯǦȸ ǯ ǦǯǭǬǩȵǥǬǠǞǫǦǣǪ ǪǣǰǬǢǞ ȶǲǲǣǨ-

ǰǦǠǫǬǧ ǭǮǬȯǣǫǰǫǬǧ ǯǰǞǠǨǦ ǬǰǮǞǤǞǣǰǯȸ Ǡ ǬǰȰǣǰǣ Ǭ ǯǬǠǬ-

ǨǱǭǫǬǪ ǢǬǳǬǢǣ Ǡ ǯǬǯǰǞǠǣ ǲǦǫǞǫǯǬǠȴǳ ǮǞǯǳǬǢǬǠ.

ƾǣǜǤǨǪǣǜȮǡǮ ǰǤǩǜǩǭǪǞȲǱ ǤǩǭǮǬǯǨǡǩǮǪǞǒǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ Ǧ ǲǦǫǞǫǯǬǠȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬǢ-

ǩǣǤǞǰ ǠǥǞǦǪǬǥǞȰǣǰǱ, Ǟ ȰǦǯǰǞȸ ǯǱǪǪǞ – ǭǮǣǢǯǰǞǠǩǣǫǦȷ

Ǡ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǪ ǬǰȰǣǰǣ Ǭ ǲǦǫǞǫǯǬǠǬǪ ǯǬǯǰǬȸǫǦǦ

ǰǬǡǢǞ Ǧ ǰǬǩȵǨǬ ǰǬǡǢǞ, ǨǬǡǢǞ ǦǪǣǣǰǯȸ ǬǯǱȲǣǯǰǠǦǪǬǣ Ǡ

ǢǞǫǫȴǧ ǪǬǪǣǫǰ ȷǮǦǢǦȰǣǯǨǬǣ ǭǮǞǠǬ ǫǞ ǠǥǞǦǪǬǥǞȰǣǰ ǭǮǦ-

ǥǫǞǫǫȴǳ ǯǱǪǪ, Ǟ ǰǞǨǤǣ ǫǞǪǣǮǣǫǦǣ ǬǯǱȲǣǯǰǠǦǰȵ ǮǞǯȰǣǰȴ

ǫǞ ǫǣǰǰǬ-ǬǯǫǬǠǣ ǦǩǦ ǮǣǞǩǦǥǬǠǞǰȵ ǞǨǰǦǠȴ Ǧ ǬǢǫǬǠǮǣǪǣǫ-

ǫǬ ǯ ȶǰǦǪ ǭǬǡǞǯǦǰȵ ǬǟȸǥǞǰǣǩȵǯǰǠǬ.

ǍǫǬǜǞǡǠǧǤǞǜȶ ǭǮǪǤǨǪǭǮȳ ǰǤǩǜǩǭǪǞȲǱ

ǤǩǭǮǬǯǨǡǩǮǪǞǏǭǮǞǠǣǢǩǦǠǞȸ ǯǰǬǦǪǬǯǰȵ ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ, ǰǬǮ-

ǡǬǠǩȸ ǨǬǰǬǮȴǪǦ ǬǯǱȲǣǯǰǠǩȸǣǰǯȸ ǫǞ ǞǨǰǦǠǫȴǳ ǮȴǫǨǞǳ ǫǞ

ǨǞǤǢǱȷ ǬǰȰǣǰǫǱȷ ǢǞǰǱ, ǬǭǮǣǢǣǩȸǣǰǯȸ ǦǯǳǬǢȸ Ǧǥ ǮȴǫǬȰ-

ǫȴǳ ǨǬǰǦǮǬǠǬǨ ǦǩǦ ǨǬǰǦǮǬǠǬǨ ǢǦǩǣǮǬǠ (ǨǬǰǦǮǬǠǨǞ ǫǞ ǭǬ-

ǨǱǭǨǱ Ǣǩȸ ǢǩǦǫǫȴǳ ǭǬǥǦȯǦǧ Ǧ ǨǬǰǦǮǬǠǨǞ ǫǞ ǭǮǬǢǞǤǱ Ǣǩȸ

ǨǬǮǬǰǨǦǳ ǭǬǥǦȯǦǧ), ǟǣǥ ǠȴȰǣǰǞ ǮǞǯǳǬǢǬǠ ǭǬ ǢǬǡǬǠǬǮǱ. ǂǩȸ

ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ, Ǣǩȸ ǨǬǰǬǮȴǳ ǬǰǯǱǰǯǰǠǱǣǰ ǞǨ-

ǰǦǠǫȴǧ ǮȴǫǬǨ, ǯǭǮǞǠǣǢǩǦǠǞȸ ǯǰǬǦǪǬǯǰȵ ǬǭǮǣǢǣǩȸǣǰǯȸ

ǭǱǰǣǪ ǭǮǦǪǣǫǣǫǦȸ ǯǬǬǰǠǣǰǯǰǠǱȷȲǣǧ ǪǣǰǬǢǦǨǦ ǬȯǣǫǨǦ.

ǐǞǨǦǣ ǪǣǰǬǢǦǨǦ ǪǬǡǱǰ ǠǨǩȷȰǞǰȵ ǦǯǭǬǩȵǥǬǠǞǫǦǣ ȯǣǫ ǫǣ-

ǢǞǠǫǬ ǭǮǬǠǣǢǣǫǫȴǳ ǬǭǣǮǞȯǦǧ ǫǞ ǨǬǪǪǣǮȰǣǯǨǬǧ ǬǯǫǬǠǣ,

ǦǯǭǬǩȵǥǬǠǞǫǦǣ ǰǣǨǱȲǣǧ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǞǫǞǩǬ-

ǡǦȰǫȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ, ǞǫǞǩǦǥ ǢǦǯǨǬǫǰǦǮǬǠǞǫǫȴǳ ǢǣǫǣǤ-

ǫȴǳ ǭǬǰǬǨǬǠ ǦǩǦ ǭǮǬȰǦǣ ǪǬǢǣǩǦ ǬȯǣǫǨǦ.

ǏǨǡǩȳȯǡǩǤǡ ǫǪǧǡǣǩǪǭǮǤ ǰǤǩǜǩǭǪǞȲǱ

ǜǦǮǤǞǪǞ

ǁǮǱǭǭǞ ǬǭǮǣǢǣǩȸǣǰ, ǯǱȲǣǯǰǠǱȷǰ ǩǦ ǬǟȳǣǨǰǦǠǫȴǣ ǭǮǦǥǫǞ-

ǨǦ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ ǦǩǦ ǡǮǱǭ-

ǭȴ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ ǫǞ ǨǞǤǢǱȷ ǬǰȰǣǰǫǱȷ ǢǞǰǱ. ǏȰǦ-

ǰǞǣǰǯȸ, ȰǰǬ ǱǪǣǫȵȱǣǫǦǣ ǭǬǩǣǥǫǬǯǰǦ ǲǦǫǞǫǯǬǠǬǡǬ ǞǨǰǦǠǞ

ǦǩǦ ǡǮǱǭǭȴ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ ǭǮǬǦǯǳǬǢǦǰ ǰǬǩȵǨǬ ǰǬǡ-ǢǞ, ǨǬǡǢǞ ǯǱȲǣǯǰǠǱȷǰ ǬǟȳǣǨǰǦǠǫȴǣ ǭǮǦǥǫǞǨǦ ǱǪǣǫȵȱǣ-

ǫǦȸ ǭǬǩǣǥǫǬǯǰǦ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǬǢǫǬǡǬ ǦǩǦ ǟǬǩǣǣ ǯǬǟȴǰǦǧ,

ǫǞǯǰǱǭǦǠȱǦǳ ǭǬǯǩǣ ǭǣǮǠǬǫǞȰǞǩȵǫǬǡǬ ǭǮǦǥǫǞǫǦȸ ǞǨǰǦǠǞ

(«Ǡ ǯǩǱȰǞǣ ǠǬǥǫǦǨǫǬǠǣǫǦȸ ǱǟȴǰǨǬǠ»), Ǧ ǰǞǨǬǧ ǯǩǱȰǞǧ ǠǬǥ-

ǫǦǨǫǬǠǣǫǦȸ ǱǟȴǰǨǬǠ ǠǩǦȸǣǰ ǫǞ ǬǤǦǢǞǣǪȴǣ ǟǱǢǱȲǦǣ Ǣǣ-

ǫǣǤǫȴǣ ǭǬǰǬǨǦ Ǭǰ ǲǦǫǞǫǯǬǠǬǡǬ ǞǨǰǦǠǞ ǦǩǦ ǡǮǱǭǭȴ ǲǦǫǞǫ-

ǯǬǠȴǳ ǞǨǰǦǠǬǠ, ǨǬǰǬǮȴǣ ǪǬǡǱǰ ǟȴǰȵ ǫǞǢǣǤǫǬ ǬǭǮǣǢǣǩǣǫȴ.

ǌǟȳǣǨǰǦǠǫȴǣ ǭǮǦǥǫǞǨǦ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǪǬǡǱǰ ǠǨǩȷȰǞǰȵ ǭǮǦǥǫǞǨǦ ǰǬǡǬ, ȰǰǬ ǥǞǣǪȲǦǨ ǦǩǦ ǡǮǱǭǭǞ ǥǞǣǪ-

ȲǦǨǬǠ ǦǯǭȴǰȴǠǞȷǰ ǯǣǮȵǣǥǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǰǮǱǢǫǬǯǰǦ,

ǫǞǮǱȱǞȷǰ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǠȴǭǩǞǰǣ ǭǮǬȯǣǫǰǬǠ ǦǩǦ Ǭǯ-ǫǬǠǫǬǧ ǯǱǪǪȴ ǢǬǩǡǞ, ǠǣǮǬȸǰǫǬǯǰȵ Ǧǳ ǟǞǫǨǮǬǰǯǰǠǞ ǦǩǦ ǲǦ-

ǫǞǫǯǬǠǬǧ ǮǣǬǮǡǞǫǦǥǞȯǦǦ, Ǟ ǰǞǨǤǣ ǭǮǦǥǫǞǨǦ ǫǞ ǬǯǫǬǠǞǫǦǦ

ǢǬǯǰǱǭǫǬǧ ǮȴǫǬȰǫǬǧ ǦǫǲǬǮǪǞȯǦǦ ǱǪǣǮǣǫǫǬǡǬ ǱǪǣǫȵȱǣ-

ǫǦȸ ǬǤǦǢǞǣǪȴǳ ǟǱǢǱȲǦǳ ǢǣǫǣǤǫȴǳ ǭǬǰǬǨǬǠ, ǫǞǭǮǦǪǣǮ,

ǦǥǪǣǫǣǫǦȸ Ǡ ǱǮǬǠǫǣ ǭǮǬǯǮǬȰǣǫǫȴǳ ǭǩǞǰǣǤǣǧ ǦǩǦ Ǡ ȶǨǬǫǬ-

ǪǦȰǣǯǨǦǳ ǱǯǩǬǠǦȸǳ, ǨǬǮǮǣǩǦǮǱȷȲǦǳ ǯ ǱǟȴǰǨǞǪǦ.

ǌǰǫǬǯǦǰǣǩȵǫǬ ǞǨǰǦǠǬǠ, ǬǰǮǞǤǣǫǫȴǳ ǭǬ ǞǪǬǮǰǦǥǦǮǬǠǞǫǫǬǧ

ǯǰǬǦǪǬǯǰǦ, ǁǮǱǭǭǞ ǯǫǞȰǞǩǞ ǭǮǬǠǬǢǦǰ ǬǰǢǣǩȵǫǱȷ ǬȯǣǫǨǱ

ǯǱȲǣǯǰǠǬǠǞǫǦȸ ǬǟȳǣǨǰǦǠǫȴǳ ǭǮǦǥǫǞǨǬǠ ǱǪǣǫȵȱǣǫǦȸ ǭǬ-

ǩǣǥǫǬǯǰǦ ǦǫǢǦǠǦǢǱǞǩȵǫǬ ǥǫǞȰǦǪȴǳ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ,

ǩǦǟǬ ǯǬǠǬǨǱǭǫǬ ǭǬ ǲǦǫǞǫǯǬǠȴǪ ǞǨǰǦǠǞǪ, ǫǣ ȸǠǩȸȷȲǦǪǯȸ

ǦǫǢǦǠǦǢǱǞǩȵǫǬ ǥǫǞȰǦǪȴǪǦ. ǀ ǯǩǱȰǞǣ, ǣǯǩǦ ǬǟȳǣǨǰǦǠǫȴǣ

ǭǮǦǥǫǞǨǦ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǲǦǫǞǫǯǬǠǬǡǬ ǞǨǰǦǠǞ,

ǨǬǰǬǮȴǧ ǮǞǯǯǪǞǰǮǦǠǞǣǰǯȸ ǬǟǬǯǬǟǩǣǫǫǬ, ǯǱȲǣǯǰǠǣǫǫǬǡǬ

ǦǩǦ ǫǣǯǱȲǣǯǰǠǣǫǫǬǡǬ, ǬǰǯǱǰǯǰǠǱȷǰ, ǰǞǨǬǧ ǞǨǰǦǠ ǠǨǩȷȰǞ-

ǣǰǯȸ Ǡ ǡǮǱǭǭǱ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ ǯ ǞǫǞǩǬǡǦȰǫȴǪǦ ǳǞǮǞǨ-

ǰǣǮǦǯǰǦǨǞǪǦ ǨǮǣǢǦǰǫǬǡǬ ǮǦǯǨǞ. ǐǞǨǞȸ ǡǮǱǭǭǞ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ ǬȯǣǫǦǠǞǣǰǯȸ ǫǞ ǭǮǣǢǪǣǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ

ǫǞ ǯǬǠǬǨǱǭǫǬǧ ǬǯǫǬǠǣ. ƾǨǰǦǠȴ, ǬȯǣǫǦǠǞǣǪȴǣ ǬǰǢǣǩȵǫǬ

ǫǞ ǭǮǣǢǪǣǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ, Ǧ ǬǰǫǬǯǦǰǣǩȵǫǬ ǨǬ-

ǰǬǮȴǳ ǭǮǦǥǫǞǣǰǯȸ ǦǩǦ ǭǮǬǢǬǩǤǞǣǰ ǭǮǦǥǫǞǠǞǰȵǯȸ ǱǟȴǰǬǨ

Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ, ǫǣ ǬȯǣǫǦǠǞȷǰǯȸ ǫǞ ǭǮǣǢǪǣǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǫǞ ǯǬǠǬǨǱǭǫǬǧ ǬǯǫǬǠǣ.



73

ǍǮǦ ǫǞǩǦȰǦǦ ǬǟȳǣǨǰǦǠǫȴǳ ǭǮǦǥǫǞǨǬǠ ǭǬǫǣǯǣǫǦȸ Ǳǟȴǰ-ǨǬǠ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ ǯǱǪǪǞ ǱǟȴǰǨǞ ǬǭǮǣǢǣǩȸǣǰǯȸ ǨǞǨ ǮǞǥǫǦȯǞ ǪǣǤǢǱ

ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰȵȷ ǞǨǰǦǠǬǠ Ǧ ǰǣǨǱȲǣǧ ǯǰǬǦǪǬǯǰȵȷ

ǬǤǦǢǞǣǪȴǳ ǟǱǢǱȲǦǳ ǢǣǫǣǤǫȴǳ ǭǬǰǬǨǬǠ (ǫǣ ǠǨǩȷȰǞȸ ǟǱǢǱ-

ȲǦǣ ǬǤǦǢǞǣǪȴǣ ǨǮǣǢǦǰǫȴǣ ǱǟȴǰǨǦ, ǨǬǰǬǮȴǣ ǣȲǣ ǫǣ ǟȴǩǦ

ǭǬǫǣǯǣǫȴ).

ǐǣǨǱȲǞȸ ǯǰǬǦǪǬǯǰȵ ǬǤǦǢǞǣǪȴǳ ǟǱǢǱȲǦǳ ǢǣǫǣǤǫȴǳ ǭǬ-

ǰǬǨǬǠ ǢǦǯǨǬǫǰǦǮǱǣǰǯȸ ǭǬ ǭǣǮǠǬǫǞȰǞǩȵǫǬǧ ȶǲǲǣǨǰǦǠǫǬǧ

ǭǮǬȯǣǫǰǫǬǧ ǯǰǞǠǨǣ ǭǬ ǲǦǫǞǫǯǬǠǬǪǱ ǞǨǰǦǠǱ. ǃǯǩǦ ǦǫǯǰǮǱ-

Ǫǣǫǰ ǦǪǣǣǰ ǭǩǞǠǞȷȲǱȷ ǭǮǬȯǣǫǰǫǱȷ ǯǰǞǠǨǱ, ǰǬ ǯǰǞǠǨǬǧ

ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ Ǣǩȸ ǬǭǮǣǢǣǩǣǫǦȸ ǱǟȴǰǨǬǠ Ǭǰ ǱǪǣǫȵȱǣ-

ǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǟǱǢǣǰ ǰǣǨǱȲǞȸ ȶǲǲǣǨǰǦǠǫǞȸ ǭǮǬȯǣǫǰǫǞȸ

ǯǰǞǠǨǞ.

ƿǞǩǞǫǯǬǠǞȸ ǯǰǬǦǪǬǯǰȵ ǞǨǰǦǠǞ ǱǪǣǫȵȱǞǣǰǯȸ ǭǱǰǣǪ ǭǮǦǪǣ-

ǫǣǫǦȸ ǯȰǣǰǞ ǮǣǥǣǮǠǞ, Ǟ ǯǱǪǪǞ ǱǟȴǰǨǞ ǭǮǦǥǫǞǣǰǯȸ Ǡ ǭǮǦǟȴ-

ǩȸǳ Ǧ ǱǟȴǰǨǞǳ Ǣǩȸ Ǡǯǣǳ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ, ǭǬǩǣǥǫǬǯǰȵ

ǨǬǰǬǮȴǳ ǱǪǣǫȵȱǦǩǞǯȵ, ǨǮǬǪǣ ǠǬǥǠǮǞǰǫǬǧ ǟǣǯǭǮǬȯǣǫǰǫǬǧ

ǲǦǫǞǫǯǬǠǬǧ ǭǬǪǬȲǦ, ǭǮǣǢǬǯǰǞǠǩǣǫǫǬǧ ǨǬǪǭǞǫǦǦ ǭǬǢ Ǭǟ-

ȲǦǪ ǨǬǫǰǮǬǩǣǪ, Ǣǩȸ ǨǬǰǬǮǬǧ ǮǞǥǫǦȯǞ ǪǣǤǢǱ ȰǦǯǰǬǧ ǟǞ-

ǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰȵȷ Ǧ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰȵȷ ǭǮǦ-

ǥǫǞǣǰǯȸ ǨǞǨ ǮǞǯǭǮǣǢǣǩǣǫǦǣ ǭǮǦǟȴǩǦ ǯǮǣǢǦ ǞǨȯǦǬǫǣǮǬǠ.

ǈǮǣǢǦǰȴ Ǧ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǠǪǣǯǰǣ ǯ ǯǬǬǰ-ǠǣǰǯǰǠǱȷȲǦǪ ǮǣǥǣǮǠǬǪ ǯǭǦǯȴǠǞȷǰǯȸ, ǨǬǡǢǞ ǬǰǯǱǰǯǰǠǱǣǰ ǮǣǞǩȵǫǞȸ ǭǣǮǯǭǣǨǰǦǠǞ ǠǬǥǪǣȲǣǫǦȸ Ǡ ǟǩǦǤǞǧȱǣǣ ǠǮǣǪȸ,

Ǟ Ǡǯǣ ǬǟǣǯǭǣȰǣǫǦǣ ǟȴǩǬ ǮǣǞǩǦǥǬǠǞǫǬ ǦǩǦ ǭǣǮǣǢǞǫǬ ǁǮǱǭ-

ǭǣ. ǃǯǩǦ Ǡ ǯǩǣǢǱȷȲǣǪ ǡǬǢǱ ǯǱǪǪǞ ǬǤǦǢǞǣǪǬǡǬ ǱǟȴǰǨǞ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǯǫǦǤǞǣǰǯȸ ǦǩǦ ǱǠǣǩǦȰǦǠǞǣǰǯȸ Ǡ

ǯǠȸǥǦ ǯ ǯǬǟȴǰǦǣǪ, ǯǬǯǰǬȸǠȱǦǪǯȸ ǭǬǯǩǣ ǭǮǦǥǫǞǫǦȸ ǱǟȴǰǨǞ

Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ, ǰǬ ǮǞǫǣǣ ǭǮǦǥǫǞǫǫȴǧ ǱǟȴǰǬǨ

Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǱǠǣǩǦȰǦǠǞǣǰǯȸ ǦǩǦ ǱǪǣǫȵȱǞ-

ǣǰǯȸ ǭǱǰǣǪ ǨǬǮǮǣǨǰǦǮǬǠǞǫǦȸ ǯȰǣǰǞ ǮǣǥǣǮǠǞ. ǃǯǩǦ ǟǱǢǱȲǣǣ

ǯǭǦǯǞǫǦǣ ǯǰǬǦǪǬǯǰǦ ǲǦǫǞǫǯǬǠǬǡǬ ǦǫǯǰǮǱǪǣǫǰǞ ǯǬ ǠǮǣǪǣ-

ǫǣǪ ǠǬǥǪǣȲǞǣǰǯȸ, ǯǱǪǪǞ ǠǬǥǪǣȲǣǫǦȸ ǭǮǦǥǫǞǣǰǯȸ Ǡ ǯǬǯǰǞ-

Ǡǣ ǲǦǫǞǫǯǬǠȴǳ ǮǞǯǳǬǢǬǠ Ǡ ǬǰȰǣǰǣ Ǭ ǯǬǠǬǨǱǭǫǬǪ ǢǬǳǬǢǣ.

ǋǬǡǦǬǜȰǡǩǤǡ ǫǬǤǣǩǜǩǤȶ ǰǤǩǜǩǭǪǞȲǱ

ǤǩǭǮǬǯǨǡǩǮǪǞ

ФLPDPTQFÎ DMULF^

ǍǮǣǨǮǞȲǣǫǦǣ ǭǮǦǥǫǞǫǦȸ ǲǦǫǞǫǯǬǠǬǡǬ ǞǨǰǦǠǞ (ǩǦǟǬ ȰǞǯǰǦ

ǲǦǫǞǫǯǬǠǬǡǬ ǞǨǰǦǠǞ ǦǩǦ ȰǞǯǰǦ ǡǮǱǭǭȴ ǭǬǢǬǟǫȴǳ ǲǦǫǞǫ-

ǯǬǠȴǳ ǞǨǰǦǠǬǠ) ǭǮǬǦǯǳǬǢǦǰ Ǡ ǯǩǱȰǞǣ, ǣǯǩǦ:

ǭǮǬȱǣǩ ǯǮǬǨ ǢǣǧǯǰǠǦȸ ǭǮǞǠ ǫǞ ǭǬǩǱȰǣǫǦǣ ǢǣǫǣǤǫȴǳ ǭǬ-

ǰǬǨǬǠ Ǭǰ ǲǦǫǞǫǯǬǠǬǡǬ ǞǨǰǦǠǞ;

ǁǮǱǭǭǞ ǭǣǮǣǢǞǩǞ ǯǠǬǦ ǭǮǞǠǞ ǫǞ ǭǬǩǱȰǣǫǦǣ ǢǣǫǣǤǫȴǳ ǭǬ-

ǰǬǨǬǠ Ǭǰ ǞǨǰǦǠǞ ǦǩǦ ǠǥȸǩǞ ǫǞ ǯǣǟȸ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ Ǡȴ-

ǭǩǞǰǞǪ ǰǮǣǰȵǣǧ ǯǰǬǮǬǫǣ ǭǬǩǱȰǞǣǪȴǳ ǢǣǫǣǤǫȴǳ ǭǬǰǬǨǬǠ Ǡ

ǭǬǩǫǬǪ ǬǟȳǣǪǣ Ǧ ǟǣǥ ǯǱȲǣǯǰǠǣǫǫǬǧ ǥǞǢǣǮǤǨǦ ǭǬ «ǰǮǞǫǥǦǰ-ǫǬǪǱ» ǯǬǡǩǞȱǣǫǦȷ; ǦǩǦ (a) ǁǮǱǭǭǞ ǭǣǮǣǢǞǩǞ ǭǮǞǨǰǦȰǣǯǨǦ

Ǡǯǣ ǮǦǯǨǦ Ǧ ǠȴǡǬǢȴ Ǭǰ ǞǨǰǦǠǞ, ǦǩǦ (ǟ) ǁǮǱǭǭǞ ǫǣ ǭǣǮǣǢǞǩǞ,

ǫǬ Ǧ ǫǣ ǯǬǳǮǞǫȸǣǰ ǥǞ ǯǬǟǬǧ, ǭǮǞǨǰǦȰǣǯǨǦ Ǡǯǣ ǮǦǯǨǦ Ǧ Ǡȴ-

ǡǬǢȴ Ǭǰ ǞǨǰǦǠǞ, ǫǬ ǭǣǮǣǢǞǩǞ ǨǬǫǰǮǬǩȵ ǫǞǢ ȶǰǦǪ ǞǨǰǦǠǬǪ.

ǃǯǩǦ ǁǮǱǭǭǞ ǭǣǮǣǢǞǩǞ ǯǠǬǦ ǭǮǞǠǞ ǫǞ ǭǬǩǱȰǣǫǦǣ ǢǣǫǣǤǫȴǳ ǭǬǰǬǨǬǠ Ǭǰ ǞǨǰǦǠǞ ǦǩǦ ǥǞǨǩȷȰǦǩǞ «ǰǮǞǫǥǦǰǫǬǣ» ǯǬǡǩǞȱǣ-

ǫǦǣ, Ǧ ǭǮǦ ȶǰǬǪ ǫǣ ǭǣǮǣǢǞǩǞ, ǫǬ Ǧ ǫǣ ǯǬǳǮǞǫȸǣǰ ǥǞ ǯǬǟǬǧ,

ǭǮǞǨǰǦȰǣǯǨǦ Ǡǯǣ ǮǦǯǨǦ Ǧ ǠȴǡǬǢȴ Ǭǰ ǞǨǰǦǠǞ, Ǟ ǰǞǨǤǣ ǫǣ ǭǣ-

ǮǣǢǞǩǞ ǨǬǫǰǮǬǩȵ ǫǞǢ ǞǨǰǦǠǬǪ, ǫǬǠȴǧ ǞǨǰǦǠ ǭǮǦǥǫǞǣǰǯȸ Ǡ

ǰǬǧ ǯǰǣǭǣǫǦ, Ǡ ǨǬǰǬǮǬǧ ǁǮǱǭǭǞ ǭǮǬǢǬǩǤǞǣǰ ǯǠǬǣ ǱȰǞǯǰǦǣ Ǡ

ǞǨǰǦǠǣ. ǀ ȶǰǬǪ ǯǩǱȰǞǣ ǁǮǱǭǭǞ ǰǞǨǤǣ ǭǮǦǥǫǞǣǰ ǯǬǬǰǠǣǰǯǰǠǱ-

ȷȲǣǣ ǬǟȸǥǞǰǣǩȵǯǰǠǬ. ǍǣǮǣǢǞǫǫȴǧ ǞǨǰǦǠ Ǧ ǯǬǬǰǠǣǰǯǰǠǱȷ-

Ȳǣǣ ǬǟȸǥǞǰǣǩȵǯǰǠǬ ǬȯǣǫǦǠǞȷǰǯȸ ǫǞ ǬǯǫǬǠǣ, ǬǰǮǞǤǞȷȲǣǧ

ǭǮǞǠǞ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ, ǯǬǳǮǞǫǣǫǫȴǣ ǁǮǱǭǭǬǧ.

ǂǞǩȵǫǣǧȱǣǣ ǱȰǞǯǰǦǣ ǁǮǱǭǭȴ Ǡ ǞǨǰǦǠǣ, ǦǪǣȷȲǣǪ ǲǬǮǪǱ

ǡǞǮǞǫǰǦǦ ǭǬ ǭǣǮǣǢǞǫǫǬǪǱ ǞǨǰǦǠǱ, ǬȯǣǫǦǠǞǣǰǯȸ ǭǬ Ǫǣǫȵ-

ȱǣǪǱ Ǧǥ ǥǫǞȰǣǫǦǧ: ǭǣǮǠǬǫǞȰǞǩȵǫǬǧ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬ-

ǯǰǦ ǞǨǰǦǠǞ ǦǩǦ ǪǞǨǯǦǪǞǩȵǫǬǧ ǯǱǪǪǣ ǨǬǪǭǣǫǯǞȯǦǦ, ǨǬǰǬ-

ǮǞȸ ǪǬǤǣǰ ǟȴǰȵ ǭǮǣǢȳȸǠǩǣǫǞ ǁǮǱǭǭǣ Ǩ ǱǭǩǞǰǣ.

ФLPDPTQFÎ QEbKDUIN_TUFD

ǍǮǣǨǮǞȲǣǫǦǣ ǭǮǦǥǫǞǫǦȸ ǲǦǫǞǫǯǬǠǬǡǬ ǬǟȸǥǞǰǣǩȵǯǰǠǞ

ǭǮǬǦǯǳǬǢǦǰ Ǡ ǯǩǱȰǞǣ ǠȴǭǬǩǫǣǫǦȸ, ǞǫǫǱǩǦǮǬǠǞǫǦȸ ǦǩǦ Ǧǯ-ǰǣȰǣǫǦȸ ǯǮǬǨǞ ǢǣǧǯǰǠǦȸ ǯǬǬǰǠǣǰǯǰǠǱȷȲǣǡǬ ǬǟȸǥǞǰǣǩȵ-

ǯǰǠǞ.

ǍǮǦ ǥǞǪǣǫǣ ǬǢǫǬǡǬ ǯǱȲǣǯǰǠǱȷȲǣǡǬ ǲǦǫǞǫǯǬǠǬǡǬ ǬǟȸǥǞ-

ǰǣǩȵǯǰǠǞ ǢǮǱǡǦǪ ǬǟȸǥǞǰǣǩȵǯǰǠǬǪ ǭǣǮǣǢ ǰǣǪ Ǥǣ ǨǮǣǢǦǰǬ-

ǮǬǪ ǫǞ ǯǱȲǣǯǰǠǣǫǫǬ ǬǰǩǦȰǞȷȲǦǳǯȸ ǱǯǩǬǠǦȸǳ ǦǩǦ Ǡ ǯǩǱȰǞǣ

ǠǫǣǯǣǫǦȸ ǯǱȲǣǯǰǠǣǫǫȴǳ ǦǥǪǣǫǣǫǦǧ Ǡ ǱǯǩǬǠǦȸ ǯǱȲǣǯǰǠǱȷ-

ȲǣǡǬ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǰǞǨǞȸ ǥǞǪǣǫǞ ǦǩǦ ǪǬǢǦǲǦǨǞȯǦȸ Ǭǰ-ǮǞǤǞǣǰǯȸ ǨǞǨ ǭǮǣǨǮǞȲǣǫǦǣ ǭǮǦǥǫǞǫǦȸ ǭǣǮǠǬǫǞȰǞǩȵǫǬǡǬ

ǬǟȸǥǞǰǣǩȵǯǰǠǞ Ǧ ǭǮǦǥǫǞǫǦǣ ǫǬǠǬǡǬ ǬǟȸǥǞǰǣǩȵǯǰǠǞ Ǡ ǱȰǣǰǣ

ǯ ǭǮǦǥǫǞǫǦǣǪ ǮǞǥǫǦȯȴ Ǡ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰǦ ǬǟȸǥǞ-

ǰǣǩȵǯǰǠ Ǡ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ.

ƾȲǫǧǜǮȲ ǬǜǝǪǮǩǤǦǜǨǁǮǱǭǭǞ ǬǯǱȲǣǯǰǠǩȸǣǰ ǬǭǮǣǢǣǩǣǫǫȴǣ ǬǰȰǦǯǩǣǫǦȸ Ǡ ǁǬǯǱ-

ǢǞǮǯǰǠǣǫǫȴǧ ǭǣǫǯǦǬǫǫȴǧ ǲǬǫǢ ǭǬ ǯǰǞǠǨǞǪ, ǢǣǧǯǰǠǱȷȲǦǪ

Ǡ ǰǣȰǣǫǦǣ ǡǬǢǞ, ǦǯǳǬǢȸ Ǧǥ ǫǞȰǦǯǩǣǫǫǬǧ ǥǞǮǞǟǬǰǫǬǧ ǭǩǞǰȴ.

ǛǰǦ ǬǰȰǦǯǩǣǫǦȸ ǬǰǮǞǤǞȷǰǯȸ ǨǞǨ ǮǞǯǳǬǢȴ Ǡ ǰǬǪ ǬǰȰǣǰǫǬǪ

ǭǣǮǦǬǢǣ, Ǩ ǨǬǰǬǮǬǪǱ ǬǰǫǬǯǦǰǯȸ ǯǬǬǰǠǣǰǯǰǠǱȷȲǞȸ ǥǞǮǞ-

ǟǬǰǫǞȸ ǭǩǞǰǞ.

ǈǮǬǪǣ ǱǨǞǥǞǫǫȴǳ Ǡȴȱǣ ǬǰȰǦǯǩǣǫǦǧ, ǮǞǟǬǰǫǦǨǦ ǁǮǱǭǭȴ

ǦǪǣȷǰ ǭǮǞǠǬ ǫǞ ȷǟǦǩǣǧǫȴǣ ǠȴǭǩǞǰȴ Ǧ ǠȴǭǩǞǰȴ ǭǬ ǬǨǬǫ-

ȰǞǫǦǦ ǰǮǱǢǬǠǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ.

ǜǟǦǩǣǧǫȴǣ ǠȴǭǩǞǰȴ ǬǯǱȲǣǯǰǠǩȸȷǰǯȸ ǭǬ ǭǬǠǬǢǱ ǡǬǢǬǠȲǦǫȴ

ǮǞǟǬǰǫǦǨǞ, Ǟ ǠȴǭǩǞǰȴ ǭǬ ǬǨǬǫȰǞǫǦǦ ǰǮǱǢǬǠǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ

ǬǯǱȲǣǯǰǠǩȸȷǰǯȸ ǣǢǦǫǬǠǮǣǪǣǫǫǬ ǭǮǦ ǠȴǳǬǢǣ ǫǞ ǭǣǫǯǦȷ.

ǏǱǪǪǞ ǰǞǨǦǳ ǠȴǭǩǞǰ ǥǞǠǦǯǦǰ Ǭǰ ǯǰǞǤǞ ǮǞǟǬǰȴ ǮǞǟǬǰǫǦǨǞ Ǡ

ǈǬǪǭǞǫǦǦ Ǧ ǯǮǣǢǫǣǧ ǥǞǮǞǟǬǰǫǬǧ ǭǩǞǰȴ. ǌǰǢǣǩȵǫȴǣ ǲǬǫǢȴ

ǭǬǢ ǰǞǨǦǣ ǠȴǭǩǞǰȴ ǫǣ ǲǬǮǪǦǮǱȷǰǯȸ. ǌȯǣǫǬȰǫǞȸ ǯǰǬǦǪǬǯǰȵ

ǭǮǣǢǬǯǰǞǠǩǣǫǦȸ ǠǬǥǫǞǡǮǞǤǢǣǫǦǧ ǭǬ ǭǮǬǡǮǞǪǪǞǪ ǬǭǮǣǢǣ-

ǩȸǣǰǯȸ ǣǤǣǡǬǢǫǬ ǯ ǦǯǭǬǩȵǥǬǠǞǫǦǣǪ ǪǣǰǬǢǞ ǭǮǬǡǫǬǥǦǮǱǣǪǬǧ

ǱǯǩǬǠǫǬǧ ǣǢǦǫǦȯȴ Ǣǩȸ ǮǞǯȰǣǰǬǠ ȰǦǯǰǬǧ ǢǦǯǨǬǫǰǦǮǬǠǞǫǫǬǧ

ǯǰǬǦǪǬǯǰǦ ǬǟȸǥǞǰǣǩȵǯǰǠ ǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪ ǫǞ Ǭǰ-ȰǣǰǫǱȷ ǢǞǰǱ. ƿǞǩǞǫǯ ǬǟȸǥǞǰǣǩȵǯǰǠ ǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪ

ǮǞǠǣǫ ǢǦǯǨǬǫǰǦǮǬǠǞǫǫȴǪ ǭǩǞǰǣǤǞǪ, ǭǬǢǩǣǤǞȲǦǪ ǱǭǩǞǰǣ Ǡ

ǟǱǢǱȲǦǳ ǭǣǮǦǬǢǞǳ ǯ ǱȰǣǰǬǪ ǨǞǢǮǬǠǬǧ ǮǬǰǞȯǦǦ, Ǧ ǬǰǫǬǯǦǰǯȸ

Ǩ ǭǣǮǦǬǢǱ ǫǞ ǬǰȰǣǰǫǱȷ ǢǞǰǱ. ǂǣǪǬǡǮǞǲǦȰǣǯǨǞȸ ǦǫǲǬǮǪǞȯǦȸ

Ǧ ǦǫǲǬǮǪǞȯǦȸ Ǭ ǨǞǢǮǬǠǬǧ ǮǬǰǞȯǦǦ ǬǯǫǬǠȴǠǞȷǰǯȸ ǫǞ ǢǞǫǫȴǳ ǭǮǬȱǩȴǳ ǭǣǮǦǬǢǬǠ. ǍǮǦǟȴǩǦ Ǧ ǱǟȴǰǨǦ, ǠǬǥǫǦǨǞȷȲǦǣ Ǡ Ǯǣ-

ǥǱǩȵǰǞǰǣ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǞǨǰǱǞǮǫǬǧ ǬȯǣǫǬȰǫǬǧ ǪǣǰǬǢǬǩǬǡǦǦ

Ǣǩȸ ǮǞǯȰǣǰǬǠ ǠȴǭǩǞǰ ǭǬ ǬǨǬǫȰǞǫǦǦ ǰǮǱǢǬǠǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ,

ǭǮǦǥǫǞȷǰǯȸ, ǣǯǩǦ ǯǱǪǪǞ ǯǬǠǬǨǱǭǫȴǳ ǫǣǭǮǦǥǫǞǫǫȴǳ ǞǨǰǱ-

ǞǮǫȴǳ ǭǮǦǟȴǩǣǧ Ǧ ǱǟȴǰǨǬǠ Ǡ ǨǬǫȯǣ ǭǮǣǢȴǢǱȲǣǡǬ ǬǰȰǣǰǫǬ-

ǡǬ ǭǣǮǦǬǢǞ ǭǮǣǠȴȱǞǣǰ 10% ǯǱǪǪȴ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬ-

ǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ ǫǞ ǱǨǞǥǞǫǫǱȷ ǢǞǰǱ. ǛǰǦ ǭǮǦǟȴǩǦ Ǧ ǱǟȴǰǨǦ ǭǮǦǥǫǞȷǰǯȸ ǨǞǨ ǢǬǳǬǢȴ Ǧ ǮǞǯǳǬǢȴ Ǡ

ǰǣȰǣǫǦǣ ǬǯǰǞǠȱǣǡǬǯȸ ǬǤǦǢǞǣǪǬǡǬ ǯǮǣǢǫǣǡǬ ǯǮǬǨǞ ǯǩǱǤǟȴ

ǮǞǟǬǰǫǦǨǬǠ, ǭǮǦǫǦǪǞȷȲǦǳ ǱȰǞǯǰǦǣ Ǡ ǭǮǬǡǮǞǪǪǣ. ǉȷǟȴǣ

ǞǨǰǱǞǮǫȴǣ ǭǮǦǟȴǩǦ ǦǩǦ ǱǟȴǰǨǦ, ǯǠȸǥǞǫǫȴǣ ǯ ȷǟǦǩǣǧǫȴǪǦ

ǠȴǭǩǞǰǞǪǦ, ǭǮǦǥǫǞȷǰǯȸ Ǡ ǬǰȰǣǰǣ Ǭ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ Ǡ ǭǣ-

ǮǦǬǢǣ, Ǡ ǨǬǰǬǮǬǪ ǬǫǦ ǠǬǥǫǦǨǩǦ.



74

ǏǰǬǦǪǬǯǰȵ ǮǞǫǣǣ ǭǮǣǢǬǯǰǞǠǩǣǫǫȴǳ ǱǯǩǱǡ ǭǮǦǥǫǞǣǰǯȸ ǨǞǨ

ǮǞǯǳǬǢȴ ǮǞǠǫȴǪǦ ȰǞǯǰȸǪǦ Ǡ ǰǣȰǣǫǦǣ ǯǮǣǢǫǣǡǬ ǭǣǮǦǬǢǞ,

ǬǯǰǞǠȱǣǡǬǯȸ ǢǬ ǭǬǩǱȰǣǫǦȸ ǮǞǟǬǰǫǦǨǞǪǦ ǭǮǞǠǞ ǫǞ ǭǣǫǯǦ-

ǬǫǫǬǣ ǠǬǥǫǞǡǮǞǤǢǣǫǦǣ. ǃǯǩǦ ǭǮǞǠǬ ǫǞ ǠǬǥǫǞǡǮǞǤǢǣǫǦǣ

ǭǮǣǢǬǯǰǞǠǩȸǣǰǯȸ ǫǣǪǣǢǩǣǫǫǬ, ǯǮǞǥǱ ǭǬǯǩǣ ǠǠǣǢǣǫǦȸ ǭǣǫ-

ǯǦǬǫǫǬǧ ǭǮǬǡǮǞǪǪȴ Ǡ ǢǣǧǯǰǠǦǣ ǦǩǦ ǭǮǦǫȸǰǦȸ Ǡ ǫǣǧ ǦǥǪǣ-

ǫǣǫǦǧ, ǯǰǬǦǪǬǯǰȵ ǮǞǫǣǣ ǭǮǣǢǬǯǰǞǠǩǣǫǫȴǳ ǱǯǩǱǡ ǮǞǟǬǰǫǦ-

ǨǬǠ ǭǮǦǥǫǞǣǰǯȸ ǫǣǪǣǢǩǣǫǫǬ.

ǌǟȸǥǞǰǣǩȵǯǰǠǬ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞ-

ǰǞǪǦ ǯǬǯǰǬǦǰ Ǧǥ ǯǱǪǪȴ ǰǣǨǱȲǣǧ ǯǰǬǦǪǬǯǰǦ ǬǟȸǥǞǰǣǩȵǯǰǠǞ

ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ Ǧ ǞǨǰǱǞǮǫȴǳ ǭǮǦǟȴǩǣǧ Ǧ ǱǟȴǰǨǬǠ, ǨǬǰǬǮȴǣ ǫǣ ǟȴǩǦ ǭǮǦǥǫǞǫȴ, ǥǞ Ǡȴ-

ȰǣǰǬǪ ǯǰǬǦǪǬǯǰȵ ǮǞǫǣǣ ǭǮǣǢǬǯǰǞǠǩǣǫǫȴǳ ǱǯǩǱǡ, ǨǬǰǬǮȴǣ

ǣȲǣ ǫǣ ǭǮǦǥǫǞǫȴ.

ǉǜǧǪǟǤТIMV¥L確 PDNQG PD RSLE^N_

ǐǣǨǱȲǦǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǥǞ ǰǣǨǱȲǦǧ

Ǧ ǭǮǣǢȴǢǱȲǦǣ ǭǣǮǦǬǢȴ ǬȯǣǫǦǠǞȷǰǯȸ ǭǬ ǯǱǪǪǣ, ǬǤǦǢǞ-

ǣǪǬǧ Ǩ ǠǬǥǪǣȲǣǫǦȷ Ǭǰ ǫǞǩǬǡǬǠȴǳ ǬǮǡǞǫǬǠ ǦǩǦ Ǩ ǱǭǩǞǰǣ

ǫǞǩǬǡǬǠȴǪ ǬǮǡǞǫǞǪ. ǋǞǩǬǡǬǠȴǣ ǯǰǞǠǨǦ Ǧ ǫǞǩǬǡǬǠǬǣ ǥǞ-

ǨǬǫǬǢǞǰǣǩȵǯǰǠǬ, ǭǮǦǪǣǫȸǣǪȴǣ Ǣǩȸ ǮǞǯȰǣǰǬǠ ȶǰǬǧ ǯǱǪǪȴ,

ȶǰǬ ǯǰǞǠǨǦ Ǧ ǥǞǨǬǫǬǢǞǰǣǩȵǯǰǠǬ, ǭǮǦǫȸǰȴǣ ǦǩǦ ǲǞǨǰǦȰǣǯǨǦ

ǭǮǦǫȸǰȴǣ ǫǞ ǬǰȰǣǰǫǱȷ ǢǞǰǱ.

ОUNQJIPP^確 PDNQG PD RSLE^N_

ǌǰǩǬǤǣǫǫȴǧ ǫǞǩǬǡ ǫǞ ǭǮǦǟȴǩȵ ǮǞǯǯȰǦǰȴǠǞǣǰǯȸ ǭǬ ǪǣǰǬǢǱ

ǬǟȸǥǞǰǣǩȵǯǰǠ ǭǱǰǣǪ ǬǭǮǣǢǣǩǣǫǦȸ ǠǮǣǪǣǫǫȴǳ ǮǞǥǫǦȯ ǫǞ

ǬǰȰǣǰǫǱȷ ǢǞǰǱ ǪǣǤǢǱ ǫǞǩǬǡǬǠǬǧ ǟǞǥǬǧ ǞǨǰǦǠǬǠ Ǧ ǬǟȸǥǞ-

ǰǣǩȵǯǰǠ Ǧ Ǧǳ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰȵȷ Ǣǩȸ ȯǣǩǣǧ ǲǦǫǞǫǯǬ-

ǠǬǧ ǬǰȰǣǰǫǬǯǰǦ.

ǌǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǮǦǥǫǞȷǰǯȸ ǭǬ

ǠǯǣǪ ǫǞǩǬǡǬǬǟǩǞǡǞǣǪȴǪ ǠǮǣǪǣǫǫȴǪ ǮǞǥǫǦȯǞǪ, ǨǮǬǪǣ

ǯǩǱȰǞǣǠ, ǨǬǡǢǞ:

ǬǰǩǬǤǣǫǫǬǣ ǫǞǩǬǡǬǠǬǣ ǬǟȸǥǞǰǣǩȵǯǰǠǬ ǠǬǥǫǦǨǞǣǰ Ǡ Ǯǣ-

ǥǱǩȵǰǞǰǣ ǭǣǮǠǬǫǞȰǞǩȵǫǬǡǬ ǭǮǦǥǫǞǫǦȸ ǡǱǢǠǦǩǩǞ, ǞǨǰǦǠǞ

ǦǩǦ ǬǟȸǥǞǰǣǩȵǯǰǠǞ, Ǡ ǳǬǢǣ ǯǬǡǩǞȱǣǫǦȸ, ǫǣ ȸǠǩȸȷȲǣǧǯȸ

ǬǟȳǣǢǦǫǣǫǦǣǪ ǟǦǥǫǣǯǞ, Ǧ ǫǞ ǪǬǪǣǫǰ ǬǯǱȲǣǯǰǠǩǣǫǦȸ Ǭǭǣ-

ǮǞȯǦǦ ǫǣ ǠǩǦȸǣǰ ǫǦ ǫǞ ǟǱǳǡǞǩǰǣǮǯǨǱȷ ǭǮǦǟȴǩȵ, ǫǦ ǫǞ ǫǞ-

ǩǬǡǬǬǟǩǞǡǞǣǪǱȷ ǭǮǦǟȴǩȵ ǦǩǦ ǱǟȴǰǬǨ; Ǧ

ǬǰǫǬǯǦǰǣǩȵǫǬ ǫǞǩǬǡǬǬǟǩǞǡǞǣǪȴǳ ǠǮǣǪǣǫǫȴǳ ǮǞǥǫǦȯ,

ǯǠȸǥǞǫǫȴǳ ǯ ǦǫǠǣǯǰǦȯǦȸǪǦ Ǡ ǢǬȰǣǮǫǦǣ ǭǮǣǢǭǮǦȸǰǦȸ, ǣǯǩǦ

ǮǞǯǭǮǣǢǣǩǣǫǦǣ ǠǬ ǠǮǣǪǣǫǦ ǯǰǬǮǫǦǮǬǠǞǫǦȸ ǠǮǣǪǣǫǫǬǧ

ǮǞǥǫǦȯȴ ǪǬǤǣǰ ǨǬǫǰǮǬǩǦǮǬǠǞǰȵǯȸ Ǧ ǯǱȲǣǯǰǠǱǣǰ ǥǫǞȰǦ-

ǰǣǩȵǫǞȸ ǠǣǮǬȸǰǫǬǯǰȵ ǰǬǡǬ, ȰǰǬ ǠǮǣǪǣǫǫǞȸ ǮǞǥǫǦȯǞ ǫǣ ǟǱ-

Ǣǣǰ ǯǰǬǮǫǦǮǬǠǞǫǞ Ǡ ǫǣǢǞǩǣǨǬǪ ǟǱǢǱȲǣǪ.

ǌǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ ǭǬ ǫǞǩǬǡǱ ǫǞ ǭǮǦǟȴǩȵ ǭǮǦ-

ǥǫǞȷǰǯȸ ǭǬ ǠǯǣǪ ǠǮǣǪǣǫǫȴǪ ǮǞǥǫǦȯǞǪ, ǭǬǢǩǣǤǞȲǦǪ Ǡȴ-

ȰǣǰǱ, Ǧ ǭǣǮǣǫǣǯǣǫǫȴǪ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫȴǪ ǫǞǩǬǡǬǠȴǪ Ǳǟȴǰ-ǨǞǪ Ǡ ǰǬǧ ǯǰǣǭǣǫǦ, Ǡ ǨǬǰǬǮǬǧ ǯǱȲǣǯǰǠǱǣǰ ǥǫǞȰǦǰǣǩȵǫǞȸ

ǠǣǮǬȸǰǫǬǯǰȵ ǰǬǡǬ, ȰǰǬ ǈǬǪǭǞǫǦȸ ǟǱǢǣǰ ǦǪǣǰȵ ǫǞǩǬǡǬǬǟǩǞ-

ǡǞǣǪǱȷ ǭǮǦǟȴǩȵ, ǭǮǬǰǦǠ ǨǬǰǬǮǬǧ ǪǬǡǱǰ ǟȴǰȵ ǥǞȰǦǯǩǣǫȴ

ǠǮǣǪǣǫǫȴǣ ǮǞǥǫǦȯȴ, ǭǬǢǩǣǤǞȲǦǣ ǠȴȰǣǰǱ, ǫǣǦǯǭǬǩȵǥǬǠǞǫ-

ǫȴǣ ǫǞǩǬǡǬǠȴǣ ǱǟȴǰǨǦ, ǨǮǬǪǣ ǯǩǱȰǞǣǠ, ǨǬǡǢǞ:

ǬǰǩǬǤǣǫǫȴǧ ǞǨǰǦǠ ǭǬ ǫǞǩǬǡǱ ǫǞ ǭǮǦǟȴǩȵ, ǨǬǰǬǮȴǧ Ǭǰ-ǫǬǯǦǰǯȸ ǨǬ ǠǮǣǪǣǫǫǬǧ ǮǞǥǫǦȯǣ, ǭǬǢǩǣǤǞȲǣǧ ǠȴȰǣǰǱ, ǠǬǥ-

ǫǦǨǞǣǰ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǭǣǮǠǬǫǞȰǞǩȵǫǬǡǬ ǭǮǦǥǫǞǫǦȸ ǞǨǰǦǠǞ

ǦǩǦ ǬǟȸǥǞǰǣǩȵǯǰǠǞ, ǨǬǰǬǮǬǣ ǠǬǥǫǦǨǩǬ ǫǣ ǠǯǩǣǢǯǰǠǦǣ Ǭǟȳ-

ǣǢǦǫǣǫǦȸ ǟǦǥǫǣǯǞ Ǧ ǨǬǰǬǮǬǣ ǫǞ ǪǬǪǣǫǰ ǬǯǱȲǣǯǰǠǩǣǫǦȸ

ǬǭǣǮǞȯǦǦ ǫǣ ǠǩǦȸǣǰ ǫǦ ǫǞ ǟǱǳǡǞǩǰǣǮǯǨǱȷ ǭǮǦǟȴǩȵ, ǫǦ ǫǞ

ǫǞǩǬǡǬǬǟǩǞǡǞǣǪǱȷ ǭǮǦǟȴǩȵ ǦǩǦ ǱǟȴǰǬǨ; Ǧ

ǬǰǫǬǯǦǰǣǩȵǫǬ ǠǮǣǪǣǫǫȴǳ ǮǞǥǫǦȯ, ǭǬǢǩǣǤǞȲǦǳ ǠȴȰǣǰǱ Ǧ

ǯǠȸǥǞǫǫȴǳ ǯ ǦǫǠǣǯǰǦȯǦȸǪǦ Ǡ ǞǯǯǬȯǦǦǮǬǠǞǫǫȴǣ ǨǬǪǭǞǫǦǦ,

ǬǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ ǭǮǦǥǫǞȷǰǯȸ ǰǬǩȵǨǬ Ǡ ǰǬǧ

ǯǰǣǭǣǫǦ, Ǡ ǨǬǰǬǮǬǧ ǯǱȲǣǯǰǠǱǣǰ ǥǫǞȰǦǰǣǩȵǫǞȸ ǠǣǮǬȸǰǫǬǯǰȵ

ǰǬǡǬ, ȰǰǬ ǠǮǣǪǣǫǫȴǣ ǮǞǥǫǦȯȴ ǟǱǢǱǰ ǦǯǭǬǩȵǥǬǠǞǫȴ Ǡ ǟǩǦ-

ǤǞǧȱǣǪ ǟǱǢǱȲǣǪ, Ǧ ǈǬǪǭǞǫǦȸ ǟǱǢǣǰ ǦǪǣǰȵ ǫǞǩǬǡǬǬǟǩǞǡǞ-

ǣǪǱȷ ǭǮǦǟȴǩȵ, ǭǮǬǰǦǠ ǨǬǰǬǮǬǧ ǪǬǡǱǰ ǟȴǰȵ ǦǯǭǬǩȵǥǬǠǞǫȴ

ǠǮǣǪǣǫǫȴǣ ǮǞǥǫǦȯȴ.

ƿǞǩǞǫǯǬǠǞȸ ǯǰǬǦǪǬǯǰȵ ǬǰǩǬǤǣǫǫȴǳ ǫǞǩǬǡǬǠȴǳ ǞǨǰǦǠǬǠ ǭǣǮǣ-

ǯǪǞǰǮǦǠǞǣǰǯȸ ǫǞ ǨǞǤǢǱȷ ǬǰȰǣǰǫǱȷ ǢǞǰǱ Ǧ ǯǫǦǤǞǣǰǯȸ Ǡ ǰǬǧ

ǯǰǣǭǣǫǦ, Ǡ ǨǬǰǬǮǬǧ ǭǬǩǱȰǣǫǦǣ ǢǬǯǰǞǰǬȰǫǬǧ ǫǞǩǬǡǬǬǟǩǞǡǞǣ-

ǪǬǧ ǭǮǦǟȴǩǦ, ǨǬǰǬǮǞȸ ǭǬǥǠǬǩǦǰ ǦǯǭǬǩȵǥǬǠǞǰȵ Ǡǯǣ ǦǩǦ ȰǞǯǰȵ

ǬǰǩǬǤǣǫǫȴǳ ǫǞǩǬǡǬǠȴǳ ǞǨǰǦǠǬǠ, ǬȯǣǫǦǠǞǣǰǯȸ ǨǞǨ ǪǞǩǬǠǣǮǬ-

ȸǰǫǬǣ. ǋǣǭǮǦǥǫǞǫǫȴǣ ǬǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ ǭǣǮǣ-

ǯǪǞǰǮǦǠǞȷǰǯȸ ǫǞ ǨǞǤǢǱȷ ǬǰȰǣǰǫǱȷ ǢǞǰǱ Ǧ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǰǬǧ

ǯǰǣǭǣǫǦ, Ǡ ǨǬǰǬǮǬǧ ǭǬȸǠǩȸǣǰǯȸ ǥǫǞȰǦǰǣǩȵǫǞȸ ǠǣǮǬȸǰǫǬǯǰȵ

ǰǬǡǬ, ȰǰǬ ǟǱǢǱȲǞȸ ǫǞǩǬǡǬǬǟǩǞǡǞǣǪǞȸ ǭǮǦǟȴǩȵ ǭǬǥǠǬǩǦǰ Ǧǯ-ǭǬǩȵǥǬǠǞǰȵ ǬǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ. ǌǰǩǬǤǣǫǫȴǣ ǫǞ-

ǩǬǡǬǠȴǣ ǞǨǰǦǠȴ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǬǭǮǣǢǣǩȸȷǰǯȸ ǭǬ ǯǰǞǠǨǞǪ

ǫǞǩǬǡǞ, ǨǬǰǬǮȴǣ ǟǱǢǱǰ ǭǮǦǪǣǫȸǰȵǯȸ Ǡ ǰǣȰǣǫǦǣ ǭǣǮǦǬǢǞ ǮǣǞ-

ǩǦǥǞȯǦǦ ǞǨǰǦǠǞ ǦǩǦ ǱǮǣǡǱǩǦǮǬǠǞǫǦȸ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǫǞ ǬǯǫǬ-

ǠǞǫǦǦ ǥǞǨǬǫǬǢǞǰǣǩȵǯǰǠǞ, ǨǬǰǬǮǬǣ ǭǮǦǬǟǮǣǩǬ ǦǩǦ ǲǞǨǰǦȰǣǯǨǦ

ǭǮǦǬǟǮǣǩǬ ǯǦǩǱ ǫǞ ǬǰȰǣǰǫǱȷ ǢǞǰǱ.

ǌǰǩǬǤǣǫǫȴǧ ǫǞǩǬǡ, ǬǰǫǬǯȸȲǦǧǯȸ Ǩ ǯǰǞǰȵȸǪ, ǭǮǦǥǫǞǫǫȴǪ

ǫǣ Ǡ ǯǬǯǰǞǠǣ ǭǮǦǟȴǩǦ ǦǩǦ ǱǟȴǰǨǞ, ǰǞǨǤǣ ǫǣ ǭǮǦǥǫǞǣǰǯȸ Ǡ

ǯǬǯǰǞǠǣ ǭǮǦǟȴǩǦ ǦǩǦ ǱǟȴǰǨǞ. ǏǰǞǰȵǦ ǬǰǩǬǤǣǫǫȴǳ ǫǞǩǬǡǬǠ

ǭǮǦǥǫǞȷǰǯȸ ǯǬǡǩǞǯǫǬ ǬǭǣǮǞȯǦȸǪ, ǫǞ ǨǬǰǬǮȴǳ ǬǫǦ ǬǯǫǬǠȴ-

ǠǞȷǰǯȸ, ǩǦǟǬ Ǡ ǯǬǯǰǞǠǣ ǭǮǬȰǣǡǬ ǯǬǠǬǨǱǭǫǬǡǬ ǢǬǳǬǢǞ, ǩǦǟǬ

ǫǣǭǬǯǮǣǢǯǰǠǣǫǫǬ Ǡ ǨǞǭǦǰǞǩǣ.

ǌǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ Ǧ ǬǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ

ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǥǞȰǦǰȴǠǞȷǰǯȸ ǢǮǱǡ ǭǮǬǰǦǠ ǢǮǱǡǞ, ǣǯǩǦ

ǦǪǣǣǰǯȸ ȷǮǦǢǦȰǣǯǨǦ ǥǞǨǮǣǭǩǣǫǫǬǣ ǭǮǞǠǬ ǥǞȰǣǰǞ ǰǣǨǱȲǦǳ ǫǞǩǬǡǬǠȴǳ ǞǨǰǦǠǬǠ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠ, Ǧ ǬǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǦ

ǬǰǫǬǯȸǰǯȸ Ǩ ǬǢǫǬǧ Ǧ ǰǬǧ Ǥǣ ǫǞǩǬǡǬǬǟǩǞǡǞǣǪǬǧ ǨǬǪǭǞǫǦǦ

Ǧ ǫǞǩǬǡǬǠǬǪǱ ǬǮǡǞǫǱ.

НDNQG PD HQEDFNIPPVa TUQLOQTU_

ǂǬǳǬǢȴ, ǮǞǯǳǬǢȴ Ǧ ǞǨǰǦǠȴ ǭǮǦǥǫǞȷǰǯȸ ǥǞ ǠȴȰǣǰǬǪ ǯǱǪǪȴ

ǫǞǩǬǡǞ ǫǞ ǢǬǟǞǠǩǣǫǫǱȷ ǯǰǬǦǪǬǯǰȵ (ǋǂǏ), ǨǮǬǪǣ ǯǩǱȰǞǣǠ,

ǨǬǡǢǞ:

ǫǞǩǬǡ ǫǞ ǢǬǟǞǠǩǣǫǫǱȷ ǯǰǬǦǪǬǯǰȵ, ǨǬǰǬǮȴǧ ǠǬǥǫǦǨ ǭǮǦ

ǭǮǦǬǟǮǣǰǣǫǦǦ ǞǨǰǦǠǬǠ ǦǩǦ ǱǯǩǱǡ, ǫǣ ǠǬǥǪǣȲǞǣǰǯȸ ǫǞǩǬ-

ǡǬǠȴǪ ǬǮǡǞǫǬǪ; Ǡ ȶǰǬǪ ǯǩǱȰǞǣ ǫǞǩǬǡ ǫǞ ǢǬǟǞǠǩǣǫǫǱȷ ǯǰǬ-

ǦǪǬǯǰȵ ǭǮǦǥǫǞǣǰǯȸ ǨǞǨ ȰǞǯǰȵ ǮǞǯǳǬǢǬǠ ǫǞ ǭǮǦǬǟǮǣǰǣǫǦǣ

ǞǨǰǦǠǞ ǦǩǦ ȰǞǯǰȵ ǮǞǯǳǬǢǫǬǧ ǯǰǞǰȵǦ; Ǧ

ǢǣǟǦǰǬǮǯǨǞȸ Ǧ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰǦ ǬǰǮǞǤǞ-

ȷǰǯȸ ǯ ǱȰǣǰǬǪ ǯǱǪǪȴ ǫǞǩǬǡǞ ǫǞ ǢǬǟǞǠǩǣǫǫǱȷ ǯǰǬǦǪǬǯǰȵ.

ǕǦǯǰǞȸ ǯǰǬǦǪǬǯǰȵ ǋǂǏ Ǩ ǠǬǥǪǣȲǣǫǦȷ ǫǞǩǬǡǬǠȴǪǦ ǬǮǡǞ-

ǫǞǪǦ ǦǩǦ Ǩ ǱǭǩǞǰǣ ǫǞǩǬǡǬǠȴǪ ǬǮǡǞǫǞǪ ǭǮǣǢǯǰǞǠǩǣǫǞ Ǡ

ǭǮǦǪǣȰǞǫǦȸǳ Ǩ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǪǱ ǬǰȰǣǰǱ Ǭ ǲǦǫǞǫǯǬ-

ǠǬǪ ǯǬǯǰǬȸǫǦǦ.



75

ǆǬǜǮǦǪǭǬǪȮǩǜȶ/ǠǪǧǟǪǭǬǪȮǩǜȶ

ǦǧǜǭǭǤǰǤǦǜȭǤȶƾǨǰǦǠ (ǬǟȸǥǞǰǣǩȵǯǰǠǬ) ǨǩǞǯǯǦǲǦȯǦǮǱǣǰǯȸ ǨǞǨ ǰǣǨǱȲǦǧ, ǣǯǩǦ

ǭǩǞǫǦǮǱǣǰǯȸ ǣǡǬ ǮǣǞǩǦǥǞȯǦȸ (ǭǬǡǞȱǣǫǦǣ), ǦǩǦ ǣǯǩǦ ǭǩǞǫǦǮǱ-

ǣǰǯȸ ǣǡǬ ǭǮǬǢǞǤǞ ǦǩǦ ǦǯǭǬǩȵǥǬǠǞǫǦǣ Ǡ ǰǣȰǣǫǦǣ 12 ǪǣǯȸȯǣǠ

ǭǬǯǩǣ ǬǰȰǣǰǫǬǧ ǢǞǰȴ. ǍǮǬȰǦǣ ǞǨǰǦǠȴ (ǬǟȸǥǞǰǣǩȵǯǰǠǞ) ǨǩǞǯ-ǯǦǲǦȯǦǮǱȷǰǯȸ ǨǞǨ ǢǬǩǡǬǯǮǬȰǫȴǣ. ǒǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ

ǨǩǞǯǯǦǲǦȯǦǮǱȷǰǯȸ ǦǯǳǬǢȸ Ǧǥ ǬǤǦǢǞǣǪǬǡǬ ǯǮǬǨǞ Ǧǳ ǭǬǩǣǥǫǬ-

ǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ. ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ Ǧ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǣ

ǮǞǯǳǬǢȴ ǫǞ ǭǬǢǨǩȷȰǣǫǦǣ ǨǩǞǯǯǦǲǦȯǦǮǱȷǰǯȸ ǨǞǨ ǰǣǨǱȲǦǣ.

ǀǡǩǡǢǩȲǡ ǭǬǡǠǭǮǞǜ Ǥ ǤǱ ȴǦǞǤǞǜǧǡǩǮȲǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ ǠǨǩȷȰǞȷǰ ǯǮǣǢǯǰǠǞ

Ǡ ǟǞǫǨǞǳ Ǧ ǨǞǯǯǣ, Ǟ ǰǞǨǤǣ ǨǮǞǰǨǬǯǮǬȰǫȴǣ ǢǣǭǬǥǦǰȴ ǯ ǭǣǮ-

ǠǬǫǞȰǞǩȵǫȴǪ ǯǮǬǨǬǪ ǭǬǡǞȱǣǫǦȸ ǢǬ ǰǮǣǳ ǪǣǯȸȯǣǠ.

ǂǩȸ ȯǣǩǣǧ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǡǬ ǬǰȰǣǰǞ Ǭ ǢǠǦǤǣǫǦǦ Ǣǣ-

ǫǣǤǫȴǳ ǯǮǣǢǯǰǠ ǢǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ ǯǬ-

ǯǰǬȸǰ Ǧǥ ǢǣǫǣǤǫȴǳ ǯǮǣǢǯǰǠ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰǬǠ ǯǬǡǩǞǯǫǬ

ǬǭǮǣǢǣǩǣǫǦȷ Ǡȴȱǣ, ǥǞ ǦǯǨǩȷȰǣǫǦǣǪ ǫǣǭǬǡǞȱǣǫǫȴǳ ǟǞǫ-

ǨǬǠǯǨǦǳ ǬǠǣǮǢǮǞǲǰǬǠ.

ǌǡǣǡǬǞȲǎǣǥǣǮǠȴ ǭǮǦǥǫǞȷǰǯȸ, ǨǬǡǢǞ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǬǭǮǣǢǣǩǣǫǫǬǡǬ

ǯǬǟȴǰǦȸ Ǡ ǭǮǬȱǩǬǪ ǁǮǱǭǭǞ ǦǪǣǣǰ ȷǮǦǢǦȰǣǯǨǦǣ ǦǩǦ ǢǬǟǮǬ-

ǠǬǩȵǫǬ Ǡǥȸǰȴǣ ǫǞ ǯǣǟȸ ǬǟȸǥǞǰǣǩȵǯǰǠǞ, Ǣǩȸ ǱǮǣǡǱǩǦǮǬǠǞǫǦȸ

ǨǬǰǬǮȴǳ ǯ ǟǬǩȵȱǬǧ ǯǰǣǭǣǫȵȷ ǠǣǮǬȸǰǫǬǯǰǦ ǟǱǢǣǰ ǰǮǣǟǬ-

ǠǞǰȵǯȸ ǬǰǰǬǨ ǮǣǯǱǮǯǬǠ, ǠǬǭǩǬȲǞȷȲǦǳ Ǡ ǯǣǟǣ ǟǱǢǱȲǦǣ ȶǨǬ-

ǫǬǪǦȰǣǯǨǦǣ ǠȴǡǬǢȴ, Ǟ ǰǞǨǤǣ ǯǱǪǪǱ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǪǬǤǫǬ

ǢǬǯǰǬǠǣǮǫǬ ǬǭǮǣǢǣǩǦǰȵ. ǃǯǩǦ ǁǮǱǭǭǞ ǭǩǞǫǦǮǱǣǰ ǭǬǩǱȰǦǰȵ

ǠǬǥǪǣȲǣǫǦǣ ǫǣǨǬǰǬǮǬǧ ȰǞǯǰǦ ǦǩǦ Ǡǯǣǳ ǮǣǥǣǮǠǬǠ, ǫǞǭǮǦǪǣǮ,

ǭǬ ǢǬǡǬǠǬǮǱ ǯǰǮǞǳǬǠǞǫǦȸ, ǠǬǥǪǣȲǣǫǦǣ ǭǮǦǥǫǞǣǰǯȸ ǨǞǨ Ǭǰ-Ǣǣǩȵǫȴǧ ǞǨǰǦǠ, ǫǬ ǰǬǩȵǨǬ Ǡ ǰǬǪ ǯǩǱȰǞǣ, ǨǬǡǢǞ ǭǬǩǱȰǣǫǦǣ

ǠǬǥǪǣȲǣǫǦȸ ǫǣ ǭǬǢǩǣǤǦǰ ǯǬǪǫǣǫǦȷ.

ǎǞǯǳǬǢȴ, ǨǞǯǞȷȲǦǣǯȸ ǮǣǥǣǮǠǞ, ǬǰǮǞǤǞȷǰǯȸ Ǡ ǭǮǦǟȴǩȸǳ Ǧ

ǱǟȴǰǨǞǳ ǥǞ ǠȴȰǣǰǬǪ ǠǬǥǪǣȲǣǫǦȸ. ǃǯǩǦ ǠǩǦȸǫǦǣ ǯǰǬǦǪǬ-

ǯǰǦ Ǣǣǫǣǡ ǠǬ ǠǮǣǪǣǫǦ ǯǱȲǣǯǰǠǣǫǫǬ, ǮǣǥǣǮǠȴ ǢǦǯǨǬǫǰǦ-

ǮǱȷǰǯȸ ǭǬ ǰǣǨǱȲǣǧ ǯǰǞǠǨǣ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ, ǨǬǰǬǮǞȸ

ǬǰǮǞǤǞǣǰ, ǨǬǡǢǞ ȶǰǬ ȯǣǩǣǯǬǬǟǮǞǥǫǬ, ǮǦǯǨǦ, ǳǞǮǞǨǰǣǮǫȴǣ

Ǣǩȸ ǨǬǫǨǮǣǰǫǬǡǬ ǬǟȸǥǞǰǣǩȵǯǰǠǞ. ǃǯǩǦ ǭǮǦǪǣǫȸǣǰǯȸ ǢǦǯ-ǨǬǫǰǦǮǬǠǞǫǦǣ, ǰǬ ǱǠǣǩǦȰǣǫǦǣ ǮǣǥǣǮǠǞ ǯǬ ǠǮǣǪǣǫǣǪ ǭǮǦ-

ǥǫǞǣǰǯȸ ǨǞǨ ǲǦǫǞǫǯǬǠȴǣ ǮǞǯǳǬǢȴ.

ǏǭǧǪǞǩȲǡ ǜǦǮǤǞȲ Ǥ ǪǝȶǣǜǮǡǧȳǭǮǞǜǑǯǩǬǠǫȴǣ ǞǨǰǦǠȴ ǫǣ ǭǮǦǥǫǞȷǰǯȸ, Ǟ ǮǞǯǨǮȴǠǞȷǰǯȸ Ǡ ǲǦ-

ǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ, ǣǯǩǦ ǭǬǯǰǱǭǩǣǫǦǣ ȶǨǬǫǬǪǦȰǣǯǨǦǳ ǠȴǡǬǢ ȸǠǩȸǣǰǯȸ ǠǣǮǬȸǰǫȴǪ.

ǑǯǩǬǠǫȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǫǣ ǬǰǮǞǤǞȷǰǯȸ Ǡ ǲǦǫǞǫǯǬǠǬǧ

ǬǰȰǣǰǫǬǯǰǦ, ǥǞ ǦǯǨǩȷȰǣǫǦǣǪ ǯǩǱȰǞǣǠ, ǨǬǡǢǞ ǯǱȲǣǯǰǠǱǣǰ ǠǣǮǬȸǰǫǬǯǰȵ ǰǬǡǬ, ȰǰǬ Ǣǩȸ ǭǬǡǞȱǣǫǦȸ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǟǱ-

Ǣǣǰ ǰǮǣǟǬǠǞǰȵǯȸ ǬǰǰǬǨ ǮǣǯǱǮǯǬǠ, Ǧ ǭǮǦ ȶǰǬǪ ǯǱǪǪǞ ǰǞǨǦǳ ǬǟȸǥǞǰǣǩȵǯǰǠ ǪǬǤǣǰ ǟȴǰȵ ǢǬǯǰǬǠǣǮǫǬ ǬǭǮǣǢǣǩǣǫǞ. ǆǫ-

ǲǬǮǪǞȯǦȸ Ǭ ǰǞǨǦǳ ǬǟȸǥǞǰǣǩȵǯǰǠǞǳ ǭǬǢǩǣǤǦǰ ǮǞǯǨǮȴǰǦȷ,

ǥǞ ǦǯǨǩȷȰǣǫǦǣǪ ǯǩǱȰǞǣǠ, ǨǬǡǢǞ ǠǬǥǪǬǤǫǬǯǰȵ ǬǰǰǬǨǞ Ǯǣ-

ǯǱǮǯǬǠ, ǭǮǣǢǯǰǞǠǩȸȷȲǦǳ ǯǬǟǬǧ ȶǨǬǫǬǪǦȰǣǯǨǦǣ ǠȴǡǬǢȴ,

ȸǠǩȸǣǰǯȸ ǪǞǩǬǠǣǮǬȸǰǫǬǧ.

ǃǜǫǜǭȲǅǞǭǞǯȴ ǬȯǣǫǦǠǞȷǰǯȸ ǭǬ Ǫǣǫȵȱǣǧ Ǧǥ ǢǠǱǳ ǠǣǩǦȰǦǫ: ǯǣǟǣ-

ǯǰǬǦǪǬǯǰǦ ǦǩǦ ȰǦǯǰǬǧ ǯǰǬǦǪǬǯǰǦ ǮǣǞǩǦǥǞȯǦǦ ǰǬǠǞǮǬǠ,

ǨǬǰǬǮȴǣ ǟǱǢǱǰ ǭǮǬǢǞǫȴ ǬǰǢǣǩȵǫǬ. ǅǞǭǞǯȴ, ǨǬǰǬǮȴǣ ǟǱǢǱǰ ǭǮǬǢǞǫȴ Ǡ ǮǞǪǨǞǳ ǬǭǣǮǞȯǦǦ ǯ ǫǣǯǨǬǩȵǨǦǪǦ ǨǬǪǭǬǫǣǫǰǞ-

ǪǦ Ǧ Ǭǰ ǨǬǰǬǮȴǳ ǁǮǱǭǭǞ ǬǤǦǢǞǣǰ ǭǬǩǱȰǦǰȵ ȰǦǯǰȴǧ ǢǬǳǬǢ,

ǬȯǣǫǦǠǞȷǰǯȸ ǭǬ ǯǣǟǣǯǰǬǦǪǬǯǰǦ, ǢǞǤǣ ǣǯǩǦ ǯǰǬǦǪǬǯǰȵ Ǯǣ-

ǞǩǦǥǞȯǦǦ ǥǞǭǞǯǬǠ ǫǦǤǣ Ǧǳ ǯǣǟǣǯǰǬǦǪǬǯǰǦ. ǏǣǟǣǯǰǬǦǪǬǯǰȵ

ǬǭǮǣǢǣǩȸǣǰǯȸ ǭǬ ǯǮǣǢǫǣǠǥǠǣȱǣǫǫǬǪǱ ǪǣǰǬǢǱ.

ǍǪǝǭǮǞǡǩǩȲǡ ǞȲǦǯǫǧǡǩǩȲǡ ǜǦȭǤǤǏǬǟǯǰǠǣǫǫȴǣ ǠȴǨǱǭǩǣǫǫȴǣ ǞǨȯǦǦ ǭǮǦǥǫǞȷǰǯȸ ǭǬ ȯǣǫǣ

ǭǮǦǬǟǮǣǰǣǫǦȸ Ǧ ǱǪǣǫȵȱǞȷǰ ǨǞǭǦǰǞǩ. ǍǮǦǟȴǩǦ Ǧ ǱǟȴǰǨǦ,

ǯǠȸǥǞǫǫȴǣ ǯ ǭǮǦǬǟǮǣǰǣǫǦǣǪ, ǭǮǬǢǞǤǣǧ, ǠȴǭǱǯǨǬǪ ǦǩǦ

ǞǫǫǱǩǦǮǬǠǞǫǦǣǪ ǦǫǯǰǮǱǪǣǫǰǬǠ ǯǬǟǯǰǠǣǫǫǬǡǬ ǨǞǭǦǰǞǩǞ

ǁǮǱǭǭȴ, ǫǣ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ ǭǣǮǦǬǢǞ.

ǎǞǥǫǦȯǞ ǪǣǤǢǱ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰȵȷ Ǧ ǯǱǪǪǬǧ ǠǬǥǫǞ-

ǡǮǞǤǢǣǫǦȸ, Ǡ ǯǩǱȰǞǣ ǭǬǠǰǬǮǫǬǡǬ ǠȴǭǱǯǨǞ, ǭǮǦǥǫǞǣǰǯȸ Ǡ

ǯǬǯǰǞǠǣ ȶǪǦǯǯǦǬǫǫǬǡǬ ǢǬǳǬǢǞ. ǍǮǞǠǞ ǡǬǩǬǯǞ, ǯǠȸǥǞǫǫȴǣ ǯ

ǯǬǟǯǰǠǣǫǫȴǪǦ ǠȴǨǱǭǩǣǫǫȴǪǦ ǞǨȯǦȸǪǦ, ǞǫǫǱǩǦǮǱȷǰǯȸ Ǣǩȸ

ǁǮǱǭǭȴ, Ǟ ǰǞǨǤǣ ǰǞǨǦǣ ǞǨȯǦǦ ǫǣ ǭǮǦǫǦǪǞȷǰ ǱȰǞǯǰǦȸ Ǡ ǮǞǯ-ǭǮǣǢǣǩǣǫǦǦ ǢǦǠǦǢǣǫǢǬǠ.

ǍǪǝȲǮǤȶ ǫǪǭǧǡ ǪǮȮǡǮǩǪǥ ǠǜǮȲǏǬǟȴǰǦȸ ǭǬǯǩǣ ǬǰȰǣǰǫǬǧ ǢǞǰȴ, ǭǮǣǢǬǯǰǞǠǩȸȷȲǦǣ ǢǬǭǬǩ-

ǫǦǰǣǩȵǫǱȷ ǦǫǲǬǮǪǞȯǦȷ Ǭ ǲǦǫǞǫǯǬǠǬǪ ǯǬǯǰǬȸǫǦǦ ǁǮǱǭǭȴ

ǫǞ ǬǰȰǣǰǫǱȷ ǢǞǰǱ (ǨǬǮǮǣǨǰǦǮǱȷȲǦǣ ǯǬǟȴǰǦȸ), ǬǰǮǞǤǞȷǰ-ǯȸ Ǡ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǧ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ. ǏǬǟȴ-

ǰǦȸ, ǨǬǰǬǮȴǣ ǭǮǬǦǥǬȱǩǦ ǭǬǯǩǣ ǬǰȰǣǰǫǬǧ ǢǞǰȴ, ǨǬǰǬǮȴǣ

ǫǣ ȸǠǩȸǣǰǯȸ ǨǬǮǮǣǨǰǦǮǱȷȲǦǪǦ ǯǬǟȴǰǦȸǪǦ, ǬǰǮǞǤǞȷǰǯȸ

Ǡ ǭǮǦǪǣȰǞǫǦȸǳ Ǩ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǧ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰ-ǫǬǯǰǦ, ǣǯǩǦ ǬǫǦ ȸǠǩȸȷǰǯȸ ǯǱȲǣǯǰǠǣǫǫȴǪǦ.

ǌǡǦǧǜǭǭǤǰǤǦǜȭǤȶ ǭǬǜǞǩǤǮǡǧȳǩǪǥ

ǤǩǰǪǬǨǜȭǤǤǀ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǬǯǱȲǣǯǰǠǦǩǞ ǬǭǮǣǢǣǩǣǫǫȴǣ ǮǣǨǩǞǯ-ǯǦǲǦǨǞȯǦǦ ǯǮǞǠǫǦǰǣǩȵǫǬǧ ǦǫǲǬǮǪǞȯǦǦ ǥǞ 2010 ǡ. ǯ ȯǣǩȵȷ

ǬǟǣǯǭǣȰǣǫǦȸ ǯǬǬǰǠǣǰǯǰǠǦȸ ǲǬǮǪǞǰǱ ǭǮǣǢǯǰǞǠǩǣǫǦȸ ǲǦ-

ǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ ǥǞ 2011 ǡ.



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6. ǈǮǦǰǦȰǣǯǨǦǣ ǱȰǣǰǫȴǣ

ǯǱǤǢǣǫǦȸ Ǧ ǬǯǫǬǠǫȴǣ ǦǯǰǬȰǫǦǨǦ

ǫǣǬǭǮǣǢǣǩǣǫǫǬǯǰǦ Ǡ ǬȯǣǫǨǞǳǆǧȵȮǡǞȲǡ ǤǭǮǪȮǩǤǦǤ ǩǡǪǫǬǡǠǡǧǡǩǩǪǭǮǤ

Ǟ ǪȭǡǩǦǜǱ – ǦǬǤǮǤȮǡǭǦǤǡ ǯȮǡǮǩȲǡ ǪȭǡǩǦǤǋǣǨǬǰǬǮȴǣ ǯǱǪǪȴ, ǠǨǩȷȰǣǫǫȴǣ Ǡ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǱȷ ǲǦ-

ǫǞǫǯǬǠǱȷ ǬǰȰǣǰǫǬǯǰȵ ǦǩǦ ǬǨǞǥȴǠǞȷȲǦǣ ǫǞ ǫǣǣ ǠǩǦȸǫǦǣ,

Ǟ ǰǞǨǤǣ ǯǠȸǥǞǫǫǬǣ ǯ ǫǦǪǦ ǮǞǯǨǮȴǰǦǣ ǦǫǲǬǮǪǞȯǦǦ ǢǬǩǤ-

ǫȴ ǟȴǰȵ Ǭȯǣǫǣǫȴ, ȰǰǬ ǰǮǣǟǱǣǰ Ǭǰ ǮǱǨǬǠǬǢǯǰǠǞ ǬǯǱȲǣǯǰ-ǠǩǣǫǦȸ ǭǮǣǢǭǬǩǬǤǣǫǦǧ ǬǰǫǬǯǦǰǣǩȵǫǬ ǯǱǪǪ ǦǩǦ ǱǯǩǬǠǦǧ,

ǨǬǰǬǮȴǣ ǫǣ ǪǬǡǱǰ ǟȴǰȵ ǰǬȰǫǬ ǦǥǠǣǯǰǫȴ ǫǞ ǢǞǰǱ ǭǬǢǡǬǰǬǠ-

ǨǦ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǧ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ.

«ǈǮǦǰǦȰǣǯǨǞȸ ǱȰǣǰǫǞȸ ǬȯǣǫǨǞ» ȸǠǩȸǣǰǯȸ ǬǢǫǬǠǮǣǪǣǫǫǬ

ǯǱȲǣǯǰǠǣǫǫǬǧ Ǣǩȸ ǬǰǮǞǤǣǫǦȸ ǨǞǨ ǲǦǫǞǫǯǬǠǬǡǬ ǯǬǯǰǬȸǫǦȸ

ǁǮǱǭǭȴ, ǰǞǨ Ǧ ǮǣǥǱǩȵǰǞǰǬǠ ǣǣ ǢǣȸǰǣǩȵǫǬǯǰǦ Ǧ ǰǮǣǟǱǣǰ Ǭǰ ǮǱǨǬǠǬǢǯǰǠǞ ǫǞǦǟǬǩǣǣ ǯǩǬǤǫȴǳ, ǯǱǟȳǣǨǰǦǠǫȴǳ ǦǩǦ ǨǬǪ-

ǭǩǣǨǯǫȴǳ ǯǱǤǢǣǫǦǧ, ȰǞȲǣ ǠǯǣǡǬ ǠǯǩǣǢǯǰǠǦǣ ǫǣǬǟǳǬǢǦ-

ǪǬǯǰǦ ǬȯǣǫǨǦ ǠǩǦȸǫǦȸ ǞǯǭǣǨǰǬǠ, ǨǬǰǬǮȴǣ ǭǬ ǯǠǬǣǧ ǯǱǰǦ

ȸǠǩȸȷǰǯȸ ǫǣǬǭǮǣǢǣǩǣǫǫȴǪǦ.

ǎǱǨǬǠǬǢǯǰǠǬ ǭǮǬǠǬǢǦǰ ǰǞǨǱȷ ǬȯǣǫǨǱ ǫǞ ǭǬǯǰǬȸǫǫǬǧ Ǭǯ-ǫǬǠǣ, ǦǯǳǬǢȸ Ǧǥ ǮǣǥǱǩȵǰǞǰǬǠ Ǧ ǬǭȴǰǞ ǭǮǬȱǩȴǳ ǭǣǮǦǬǢǬǠ,

ǨǬǫǯǱǩȵǰǞȯǦǧ ǯǭǣȯǦǞǩǦǯǰǬǠ, ǰǣǫǢǣǫȯǦǧ Ǧ ǭǮǬȰǦǳ ǪǣǰǬ-

ǢǬǠ, ǨǬǰǬǮȴǣ ǮǱǨǬǠǬǢǯǰǠǬ ǯȰǦǰǞǣǰ ǭǮǦǣǪǩǣǪȴǪǦ ǭǮǦ

ǬǭǮǣǢǣǩǣǫǫȴǳ ǬǟǯǰǬȸǰǣǩȵǯǰǠǞǳ, Ǟ ǰǞǨǤǣ ǦǯǳǬǢȸ Ǧǥ ǭǮǬ-

ǡǫǬǥǬǠ ǬǰǫǬǯǦǰǣǩȵǫǬ ǰǬǡǬ, ǨǞǨ ǬǫǦ ǪǬǡǱǰ ǦǥǪǣǫǦǰȵǯȸ Ǡ

ǟǱǢǱȲǣǪ. ǌǢǫǞǨǬ ǫǣǬǭǮǣǢǣǩǣǫǫǬǯǰȵ ǬǰǫǬǯǦǰǣǩȵǫǬ ȶǰǦǳ ǭǮǣǢǭǬǩǬǤǣǫǦǧ Ǧ ǬȯǣǫǬȰǫȴǳ ǥǫǞȰǣǫǦǧ ǪǬǤǣǰ ǭǮǦǠǣǯǰǦ

Ǩ ǮǣǥǱǩȵǰǞǰǞǪ, ǨǬǰǬǮȴǣ ǪǬǡǱǰ ǰǮǣǟǬǠǞǰȵ ǯǱȲǣǯǰǠǣǫǫȴǳ ǨǬǮǮǣǨǰǦǮǬǠǬǨ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰǦ ǞǨǰǦǠǞ ǦǩǦ ǬǟȸǥǞ-

ǰǣǩȵǯǰǠǞ, ǬǰǫǬǯǦǰǣǩȵǫǬ ǨǬǰǬǮȴǳ ǬǯǱȲǣǯǰǠǩȸȷǰǯȸ ǰǞǨǦǣ

ǭǮǣǢǭǬǩǬǤǣǫǦȸ Ǧ ǬȯǣǫǨǦ, Ǡ ǟǱǢǱȲǣǪ.

ǋǬǤǣǩǜǩǤǡ ǠǪǱǪǠǪǞǌǯǫǬǠǫǞȸ ȰǞǯǰȵ ǢǬǳǬǢǬǠ ǁǮǱǭǭȴ ǭǬǯǰǱǭǞǣǰ Ǭǰ ǭǮǣǢǬ-

ǯǰǞǠǩǣǫǦȸ ǱǯǩǱǡ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ, ǨǞǨ, ǫǞǭǮǦǪǣǮ, ǰǮǞ-

ǲǦǨ, ǣǢǦǫǬǮǞǥǬǠǞȸ ǭǩǞǰǞ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ Ǧ ǮǣǡǱǩȸǮǫǞȸ

ǭǬǢǭǦǯǨǞ ǫǞ ǱǯǩǱǡǦ. ǈǬǪǭǞǫǦȸ ǦǪǣǣǰ ǪǫǬǤǣǯǰǠǬ ǞǟǬ-

ǫǣǫǰǬǠ Ǧ ǭǮǣǢǩǞǡǞǣǰ ǥǫǞȰǦǰǣǩȵǫǬǣ ǨǬǩǦȰǣǯǰǠǬ ǮǞǥǫȴǳ ǱǯǩǱǡ ǭǬ ǮǞǥǫȴǪ ǰǞǮǦǲǫȴǪ ǭǩǞǫǞǪ. ǈǬǪǭǞǫǦȸ ǭǮǣǢǬ-

ǯǰǞǠǩȸǣǰ ǮǞǥǫǬǬǟǮǞǥǫȴǣ ǯǨǦǢǨǦ, ȰǞȲǣ ǠǯǣǡǬ Ǡ ǮǞǪǨǞǳ ǮǞǥǫȴǳ ǮǣǨǩǞǪǫȴǳ ǨǞǪǭǞǫǦǧ. ǂǬǳǬǢȴ Ǭǰ ǣǢǦǫǬǮǞǥǬǠǬǧ

ǭǩǞǰȴ ǥǞ ǱǯǩǱǡǦ ǦǩǦ ǭǬǢǨǩȷȰǣǫǦȸ Ǩ ǯǣǰǦ ǈǬǪǭǞǫǦǦ ǭǮǦ-

ǥǫǞȷǰǯȸ ǨǞǨ ǬǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ Ǧ ǬǰǮǞǤǞȷǰǯȸ Ǡ ǭǮǦ-

ǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ Ǡ ǭǣǮǦǬǢǞǳ ǭǬǩǱȰǣǫǦȸ ǰǞǨǦǳ ǢǬǳǬǢǬǠ

ǦǯǳǬǢȸ Ǧǥ ǯǮǣǢǫǣǡǬ ǭǣǮǦǬǢǞ ǬǰǫǬȱǣǫǦǧ ǯ ǨǩǦǣǫǰǞǪǦ.

ǎǱǨǬǠǬǢǯǰǠǬ ǮǣǡǱǩȸǮǫǬ ǭǣǮǣǯǪǞǰǮǦǠǞǣǰ ǯǠǬǦ ǬȯǣǫǨǦ

ǬǰǫǬǯǦǰǣǩȵǫǬ ǭǣǮǦǬǢǞ ǬǰǫǬȱǣǫǦǧ ǯ ǨǩǦǣǫǰǞǪǦ ǦǯǳǬǢȸ

Ǧǥ ǬǭȴǰǞ ǭǮǬȱǩȴǳ ǭǣǮǦǬǢǬǠ Ǧ ǭǩǞǫǬǠ ǬǰǫǬǯǦǰǣǩȵǫǬ ǟǱ-

ǢǱȲǣǡǬ ǮǞǥǠǦǰǦȸ ǈǬǪǭǞǫǦǦ. ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǭǬ

ǬȯǣǫǨǣ ǮǱǨǬǠǬǢǯǰǠǞ ǭǣǮǦǬǢ ǬǰǫǬȱǣǫǦǧ ǯ ǨǬǫǰǮǞǨǰǫȴǪǦ

ǞǟǬǫǣǫǰǞǪǦ ǯǬǯǰǞǠǩȸǣǰ 10 ǩǣǰ, Ǟ ǯ ǞǟǬǫǣǫǰǞǪǦ ǭǮǣǢǬ-

ǭǩǞȰǣǫǫȴǳ ǱǯǩǱǡ – 4 ǡǬǢǞ (2010 ǡ.: 7 ǩǣǰ Ǧ 4 ǡǬǢǞ ǯǬǬǰ-ǠǣǰǯǰǠǣǫǫǬ). ǀ ǮǣǥǱǩȵǰǞǰǣ ǦǥǪǣǫǣǫǦǧ Ǡ ǠȴȱǣǱǨǞǥǞǫǫȴǳ ǱȰǣǰǫȴǳ ǬȯǣǫǨǞǳ , ǫǞȰǦǫǞȸ ǯ 1 ȸǫǠǞǮȸ 2011 ǡ., ǭǮǦǟȴǩȵ

ǈǬǪǭǞǫǦǦ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ ǥǞ 2011 ǡ. ǱǪǣǫȵȱǦǩǞǯȵ

ǫǞ 1 487 ǰȴǯ . ǡǮǫ.

ƾȲǫǧǜǮȲ ǬǜǝǪǮǩǤǦǜǨǏǱǪǪǞ ǢǬǩǡǬǯǮǬȰǫȴǳ ǠȴǭǩǞǰ ǮǞǟǬǰǫǦǨǞǪ Ǧ ǭǮǬȰǦǳ ǠȴǭǩǞǰ ǭǬ ǬǨǬǫȰǞǫǦǦ ǰǮǱǢǬǠǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ ǬǭǮǣǢǣǩȸǣǰǯȸ ǫǞ

ǬǯǫǬǠǞǫǦǦ ǞǨǰǱǞǮǫȴǳ ǬȯǣǫǬǨ. ƾǨǰǱǞǮǫǞȸ ǬȯǣǫǨǞ ǠǨǩȷ-

ȰǞǣǰ ǭǮǣǢǭǬǩǬǤǣǫǦǣ ǬǰǫǬǯǦǰǣǩȵǫǬ ǯǰǞǠǬǨ ǢǦǯǨǬǫǰǦǮǬ-

ǠǞǫǦȸ, Ǟ ǰǞǨǤǣ ǟǱǢǱȲǣǡǬ ǭǬǠȴȱǣǫǦȸ ǥǞǮǞǟǬǰǫǬǧ ǭǩǞǰȴ Ǧ

ǭǣǫǯǦǦ. ǀǯǣ ǭǮǣǢǭǬǩǬǤǣǫǦȸ ǭǣǮǣǯǪǞǰǮǦǠǞȷǰǯȸ ǫǞ ǨǞǤ-

ǢǱȷ ǬǰȰǣǰǫǱȷ ǢǞǰǱ. ǍǮǦ ǬǭǮǣǢǣǩǣǫǦǦ ǯǰǞǠǨǦ ǢǦǯǨǬǫǰǦ-

ǮǬǠǞǫǦȸ ǮǱǨǬǠǬǢǯǰǠǬ ǱȰǦǰȴǠǞǣǰ ǮȴǫǬȰǫǱȷ ǭǮǦǟȴǩȵǫǬǯǰȵ

ǡǬǯǱǢǞǮǯǰǠǣǫǫȴǳ ǬǟǩǦǡǞȯǦǧ, ȶǨǯǰǮǞǭǬǩǦǮǬǠǞǫǫȴǳ ǯ ǱȰǣ-

ǰǬǪ ǯǮǬǨǞ ǭǩǞǰǣǤǣǧ.

ǈǬȶǲǲǦȯǦǣǫǰ ǨǞǢǮǬǠǬǧ ǮǬǰǞȯǦǦ ǮǞǯǯȰǦǰȴǠǞǣǰǯȸ ǫǞ Ǭǯ-ǫǬǠǞǫǦǦ ǬǭȴǰǞ ǭǮǬȱǩȴǳ ǭǣǮǦǬǢǬǠ. ƿǬǩǣǣ ǢǣǰǞǩȵǫǞȸ Ǧǫ-

ǲǬǮǪǞȯǦȸ ǬǰǫǬǯǦǰǣǩȵǫǬ ǦǯǭǬǩȵǥǬǠǞǫǫȴǳ ǭǮǣǢǭǬǩǬǤǣǫǦǧ

ǭǮǣǢǯǰǞǠǩǣǫǞ Ǡ ǍǮǦǪǣȰǞǫǦǦ 20.

ǌǡǣǡǬǞ ǫǪǠ ǠǡǨǪǩǮǜǢǂǩȸ ǬǭǮǣǢǣǩǣǫǦȸ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰǦ ǮǣǥǣǮǠǞ ǭǬǢ Ǣǣ-

ǪǬǫǰǞǤ Ǡ ǯǠȸǥǦ ǯ ǟǱǢǱȲǦǪ ǠȴǠǣǢǣǫǦǣǪ Ǧǥ ȶǨǯǭǩǱǞǰǞȯǦǦ

ǟǞǥǬǠȴǳ ǯǰǞǫȯǦǧ ǫǞ ǞǮǣǫǢǬǠǞǫǫȴǳ ǭǩǬȲǞǢǨǞǳ ǮǱǨǬǠǬǢ-

ǯǰǠǬ ǁǮǱǭǭȴ ǢǬǩǤǫǬ ǬǯǱȲǣǯǰǠǦǰȵ ǬǭǮǣǢǣǩǣǫǫȴǣ ǭǮǣǢǭǬ-

ǩǬǤǣǫǦȸ Ǧ ǬȯǣǫǨǦ ǬǰǫǬǯǦǰǣǩȵǫǬ ǯǰǞǠǬǨ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ,

ǠǬǥǪǬǤǫǬǯǰǦ ǭǮǬǢǩǣǫǦȸ ǯǬǡǩǞȱǣǫǦǧ Ǭǟ ǬǭǣǮǞȯǦǬǫǫǬǧ

ǞǮǣǫǢǣ, ǬǮǦǣǫǰǦǮǬǠǬȰǫǬǧ ǯǰǬǦǪǬǯǰǦ ǢǣǪǬǫǰǞǤǞ Ǧ ǯǫȸǰǦȸ

ǟǞǥǬǠȴǳ ǯǰǞǫȯǦǧ ǯ ǞǮǣǫǢǬǠǞǫǫȴǳ ǭǩǬȲǞǢǬǨ Ǧ ǭǮǦǟǩǦǥǦ-

ǰǣǩȵǫȴǳ ǯǮǬǨǬǠ ǬǯǱȲǣǯǰǠǩǣǫǦȸ ǰǞǨǦǳ ǮǞǯǳǬǢǬǠ. ǀǯǣ ǭǮǣǢ-

ǭǬǩǬǤǣǫǦȸ ǭǣǮǣǯǪǞǰǮǦǠǞȷǰǯȸ ǫǞ ǨǞǤǢǱȷ ǬǰȰǣǰǫǱȷ ǢǞǰǱ. ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǬǯǱȲǣǯǰǠǦǩǞ ǭǣǮǣǯǪǬǰǮ

ǱȰǣǰǫȴǳ ǬȯǣǫǬǨ ǬǰǫǬǯǦǰǣǩȵǫǬ ǯǰǞǠǨǦ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ Ǧ

ǬǤǦǢǞǣǪǬǧ ǯǰǬǦǪǬǯǰǦ ǢǣǪǬǫǰǞǤǞ ǯ ǬǢǫǬǧ ǭǩǬȲǞǢǨǦ:

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. ǭǣǮǦǬǢ ǢǬ ǭǮǬǠǣǢǣǫǦȸ ǢǣǪǬǫǰǞǤǞ

ǯǬǯǰǞǠǩȸǩ 30 ǩǣǰ. ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǱǠǣǩǦȰǦ-

ǩǞ ǬǤǦǢǞǣǪȴǧ ǭǣǮǦǬǢ ǢǬ ǭǮǬǠǣǢǣǫǦȸ ǢǣǪǬǫǰǞǤǞ ǫǞ 1 ǡǬǢ.

ǊǮǧǪǢǡǩǩȲǡ ǩǜǧǪǟǪǞȲǡ ǜǦǮǤǞȲ

ǌǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ ǭǮǦǥǫǞȷǰǯȸ Ǣǩȸ Ǡǯǣǳ ǠǮǣ-

Ǫǣǫǫȴǳ ǮǞǥǫǦȯ, ǬǰǫǬǯȸȲǦǳǯȸ ǫǞ ǠǞǩǬǠȴǣ ǮǞǯǳǬǢȴ, ǣǯǩǦ

ǯǱȲǣǯǰǠǱǣǰ ǠǣǮǬȸǰǫǬǯǰȵ ǫǞǩǦȰǦȸ ǫǞǩǬǡǬǬǟǩǞǡǞǣǪǬǧ ǭǮǦ-

ǟȴǩǦ, Ǡ ǯȰǣǰ ǨǬǰǬǮǬǧ ǪǬǡǱǰ ǟȴǰȵ ǦǯǭǬǩȵǥǬǠǞǫȴ ǱǟȴǰǨǦ.

ǏǱȲǣǯǰǠǣǫǫȴǣ ǬȯǣǫǨǦ ǮǱǨǬǠǬǢǯǰǠǞ ǫǣǬǟǳǬǢǦǪȴ Ǣǩȸ

ǬǭǮǣǢǣǩǣǫǦȸ ǯǱǪǪȴ ǬǰǩǬǤǣǫǫȴǳ ǫǞǩǬǡǬǠȴǳ ǞǨǰǦǠǬǠ, ǨǬ-

ǰǬǮȴǣ ǪǬǡǱǰ ǟȴǰȵ ǭǮǦǥǫǞǫȴ, ǦǯǳǬǢȸ Ǧǥ ǠǬǥǪǬǤǫȴǳ ǯǮǬǨǬǠ

Ǧ ǮǞǥǪǣǮǞ ǟǱǢǱȲǣǧ ǫǞǩǬǡǬǬǟǩǞǡǞǣǪǬǧ ǭǮǦǟȴǩǦ Ǧ ǯǰǮǞǰǣ-

ǡǦǦ ǫǞǩǬǡǬǠǬǡǬ ǭǩǞǫǦǮǬǠǞǫǦȸ Ǡ ǟǱǢǱȲǣǪ. ǂǬǭǬǩǫǦǰǣǩȵ-

ǫǞȸ ǦǫǲǬǮǪǞȯǦȸ Ǭ ǫǞǩǬǡǬǠǬǧ ǭǬǥǦȯǦǦ ǁǮǱǭǭȴ ǭǮǣǢǯǰǞǠ-

ǩǣǫǞ Ǡ ǍǮǦǪǣȰǞǫǦǦ 9.

ǍǮǣǢǭǬǩǬǤǣǫǦȸ, ǦǯǭǬǩȵ-

ǥǬǠǞǫǫȴǣ ǫǞ 31 ǢǣǨǞǟǮȸ

2010 ǡ.

ǍǮǣǢǭǬǩǬǤǣǫǦȸ,

ǦǯǭǬǩȵǥǬǠǞǫǫȴǣ ǫǞ 31

ǢǣǨǞǟǮȸ 2011 ǡ.ǏǰǬǦǪǬǯǰȵ ǢǣǪǬǫǰǞǤǞ Ǧ ǯǫȸǰǦȸ ǟǞǥǬǠȴǳ ǯǰǞǫȯǦǧ ǯ ǬǢǫǬǧ

ǭǩǬȲǞǢǨǦ 36 000 ǡǮǫ 38 300 ǡǮǫ

ǏǰǞǠǨǞ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ 10,70% 13,57%

ǏǰǞǠǨǞ ǦǫǲǩȸȯǦǦ 3,99% 4,15%



77

ǄǣǩǪǭ Ǥ ǜǨǪǬǮǤǣǜȭǤȶǆǥǫǬǯ Ǧ ǞǪǬǮǰǦǥǞȯǦȸ ǬǯǫǬǠȴǠǞȷǰǯȸ ǫǞ ǬǯǱȲǣǯǰǠǩǣǫǫȴǳ ǮǱǨǬǠǬǢǯǰǠǬǪ ǬȯǣǫǨǞǳ ǟǱǢǱȲǦǳ ǯǮǬǨǬǠ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵ-

ǥǬǠǞǫǦȸ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǧ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ.

ǌȯǣǫǨǦ ǪǬǡǱǰ Ǫǣǫȸǰȵǯȸ ǭǬǢ ǠǩǦȸǫǦǣǪ ǰǣǳǫǬǩǬǡǦȰǣǯǨǬǡǬ

ǮǞǥǠǦǰǦȸ, ǨǬǫǨǱǮǣǫȯǦǦ, ǦǥǪǣǫǣǫǦǧ ǮȴǫǬȰǫǬǧ ǨǬǫȳȷǫ-

ǨǰǱǮȴ Ǧ ǭǮǬȰǦǳ ǲǞǨǰǬǮǬǠ, Ǧ ǭǬǢǬǟǫȴǣ ǦǥǪǣǫǣǫǦȸ ǪǬǡǱǰ ǭǮǦǠǣǯǰǦ Ǩ ǦǥǪǣǫǣǫǦȸǪ ǬǤǦǢǞǣǪȴǳ ǯǮǬǨǬǠ ǭǬǩǣǥǫǬǡǬ Ǧǯ-ǭǬǩȵǥǬǠǞǫǦȸ Ǧ ǞǪǬǮǰǦǥǞȯǦǬǫǫȴǳ ǫǞȰǦǯǩǣǫǦǧ. ǐǣǪǭȴ ǰǣǳ-ǫǬǩǬǡǦȰǣǯǨǬǡǬ ǮǞǥǠǦǰǦȸ ǰȸǤǣǩǬ ǭǮǣǢǱǯǪǬǰǮǣǰȵ, Ǧ ǭǮǣǢ-

ǭǬǩǬǤǣǫǦȸ ǁǮǱǭǭȴ ǬǰǫǬǯǦǰǣǩȵǫǬ ǰǣǫǢǣǫȯǦǧ Ǧ ǢǦǫǞǪǦǨǦ

ǮǞǥǠǦǰǦȸ ǪǬǡǱǰ Ǫǣǫȸǰȵǯȸ ǯǬ ǠǮǣǪǣǫǣǪ. ǋǣǨǬǰǬǮȴǣ ǞǨǰǦ-

Ǡȴ Ǧ ǰǣǳǫǬǩǬǡǦǦ, Ǡ ǨǬǰǬǮȴǣ ǁǮǱǭǭǞ ǦǫǠǣǯǰǦǮǬǠǞǩǞ ǯǮǣǢ-

ǯǰǠǞ ǫǣǯǨǬǩȵǨǬ ǩǣǰ ǰǬǪǱ ǫǞǥǞǢ, Ǡǯǣ ǣȲǣ ǦǯǭǬǩȵǥǱȷǰǯȸ Ǧ

ǬǟǣǯǭǣȰǦǠǞȷǰ ǟǞǥǱ Ǣǩȸ ǫǬǠȴǳ ǰǣǳǫǬǩǬǡǦǧ.

ǏǮǬǨǦ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǧ ǫǣ-

ǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ ǭǣǮǣǯǪǞǰǮǦǠǞȷǰǯȸ ǭǬ ǨǮǞǧǫǣǧ

ǪǣǮǣ ǮǞǥ Ǡ ǡǬǢ ǯ ǱȰǣǰǬǪ ǱǨǞǥǞǫǫȴǳ Ǡȴȱǣ ǲǞǨǰǬǮǬǠ Ǧ Ǡǯǣǳ ǭǮǬȰǦǳ ǯǱȲǣǯǰǠǣǫǫȴǳ ǞǯǭǣǨǰǬǠ. ǀ ǯǩǱȰǞǣ ǯǱȲǣǯǰǠǣǫǫȴǳ ǦǥǪǣǫǣǫǦǧ ǬǤǦǢǞǣǪȴǳ ǯǮǬǨǬǠ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ

ǞǪǬǮǰǦǥǞȯǦǬǫǫȴǣ ǫǞȰǦǯǩǣǫǦȸ ǨǬǮǮǣǨǰǦǮǱȷǰǯȸ ǫǞ ǭǣǮ-

ǯǭǣǨǰǦǠǫǬǧ ǬǯǫǬǠǣ.

ǀ 2011 ǡ. ǁǮǱǭǭǞ ǦǥǪǣǫǦǩǞ ǯǮǬǨǦ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ

Ǣǩȸ ǯǩǣǢǱȷȲǦǳ ǨǞǰǣǡǬǮǦǧ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǧ ǫǣǪǞǰǣǮǦ-

Ǟǩȵǫȴǳ ǞǨǰǦǠǬǠ:

ǀ ǮǣǥǱǩȵǰǞǰǣ ǦǥǪǣǫǣǫǦǧ Ǡ ǠȴȱǣǱǨǞǥǞǫǫȴǳ ǱȰǣǰǫȴǳ Ǭȯǣǫ-

ǨǞǳ, ǫǞȰǦǫǞȸ ǯ 1 ȸǫǠǞǮȸ 2011 ǡ., ǭǮǦǟȴǩȵ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣ-

ǫǦȸ ǈǬǪǭǞǫǦǦ ǥǞ 2011 ǡ. ǱǪǣǫȵȱǦǩǞǯȵ ǫǞ 237 666 ǰȴǯ. ǡǮǫ.

ǏǨǡǩȳȯǡǩǤǡ ǫǪǧǡǣǩǪǭǮǤ ǩǡǰǤǩǜǩǭǪǞȲǱ

ǜǦǮǤǞǪǞ

ǁǮǱǭǭǞ ǬǯǱȲǣǯǰǠǦǩǞ ǥǫǞȰǦǰǣǩȵǫȴǣ ǦǫǠǣǯǰǦȯǦǦ Ǡ ǬǯǫǬǠǫȴǣ

ǯǮǣǢǯǰǠǞ Ǧ ǫǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ. ǛǰǦ ǞǨǰǦǠȴ ǰǣǯǰǦǮǱȷǰ-ǯȸ, ǨǞǨ ǱǨǞǥǞǫǬ Ǡȴȱǣ, ǫǞ ǭǮǣǢǪǣǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ

ǮǞǥ Ǡ ǡǬǢ ǦǩǦ ǭǮǦ ǫǞǩǦȰǦǦ ǬǟǯǰǬȸǰǣǩȵǯǰǠ, ǱǨǞǥȴǠǞȷȲǦǳ ǫǞ

ǠǬǥǪǬǤǫǬǯǰȵ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ. ǒǞǨǰǬǮȴ, ǯȰǦǰǞȷȲǦ-

ǣǯȸ ǯǱȲǣǯǰǠǣǫǫȴǪǦ Ǣǩȸ ǦǫǦȯǦǦǮǬǠǞǫǦȸ ǬȯǣǫǨǦ ǫǞ ǭǮǣǢǪǣǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ, ǠǨǩȷȰǞȷǰ ǯǩǣǢǱȷȲǣǣ: ǯǱȲǣǯǰǠǣǫ-

ǫǬǣ ǭǞǢǣǫǦǣ ǮȴǫǬȰǫȴǳ ȯǣǫ, ǯǱȲǣǯǰǠǣǫǫǬǣ ǫǣǢǬǠȴǭǬǩǫǣǫǦǣ

ǭǬǨǞǥǞǰǣǩǣǧ ǬǭǣǮǞȯǦǬǫǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ, ǱȰǦǰȴǠǞȸ ǦǯǰǬǮǦ-

ȰǣǯǨǦǣ ǦǩǦ ǬǤǦǢǞǣǪȴǣ Ǡ ǟǱǢǱȲǣǪ ǮǣǥǱǩȵǰǞǰȴ ǬǭǣǮǞȯǦǬǫǫǬǧ

ǢǣȸǰǣǩȵǫǬǯǰǦ, ǯǱȲǣǯǰǠǣǫǫȴǣ ǦǥǪǣǫǣǫǦȸ Ǡ ǦǯǭǬǩȵǥǬǠǞǫǦǦ ǞǨ-

ǰǦǠǬǠ ǦǩǦ Ǡ ǬǟȲǣǧ ǟǦǥǫǣǯ-ǯǰǮǞǰǣǡǦǦ ǁǮǱǭǭȴ, ǠǨǩȷȰǞȸ ǞǨǰǦǠȴ,

ǬǰǫǬǯǦǰǣǩȵǫǬ ǨǬǰǬǮȴǳ ǭǮǦǫȸǰǬ ǮǣȱǣǫǦǣ Ǭǟ Ǧǳ ǩǦǨǠǦǢǞȯǦǦ

ǦǩǦ ǥǞǪǣǫǣ, Ǧ ǭǬǠǮǣǤǢǣǫǫȴǣ ǞǨǰǦǠȴ ǦǩǦ ǞǨǰǦǠȴ, ǯǫȸǰȴǣ ǯ

ȶǨǯǭǩǱǞǰǞȯǦǦ, ǬǰǮǦȯǞǰǣǩȵǫȴǣ ǬǰǮǞǯǩǣǠȴǣ ǦǩǦ ȶǨǬǫǬǪǦȰǣ-

ǯǨǦǣ ǰǣǫǢǣǫȯǦǦ Ǧ ǯǱȲǣǯǰǠǣǫǫȴǧ ǭǣǮǣǮǞǯǳǬǢ ǯǮǣǢǯǰǠ Ǡ ǮǞǥ-

ǠǦǰǦǦ ǞǨǰǦǠǬǠ.

ǌȯǣǫǨǞ ǠǬǥǪǣȲǞǣǪȴǳ ǯǱǪǪ ǞǨǰǦǠǬǠ ǢǬǩǤǫǞȸ ȰǞǯǰǦȰǫǬ Ǭǯ-ǫǬǠȴǠǞǰȵǯȸ ǫǞ ǬȯǣǫǨǞǳ ǮǱǨǬǠǬǢǯǰǠǞ, ǠǨǩȷȰǞȸ ǬǭǮǣǢǣǩǣǫǦǣ

ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǳ ǞǨǰǦǠǬǠ, ǡǣǫǣǮǦǮǱȷȲǦǳ ǢǣǫǣǤǫȴǣ ǯǮǣǢ-

ǯǰǠǞ, ǬȯǣǫǨǱ ǬǤǦǢǞǣǪȴǳ ǭǬǨǞǥǞǰǣǩǣǧ ǬǭǣǮǞȯǦǬǫǫǬǧ Ǣǣȸ-

ǰǣǩȵǫǬǯǰǦ, ǯǭǬǯǬǟǫǬǯǰȵ ǞǨǰǦǠǬǠ ǡǣǫǣǮǦǮǬǠǞǰȵ ǢǬǳǬǢ, ǭǮǣǢ-

ǭǬǩǬǤǣǫǦǣ ǬǰǫǬǯǦǰǣǩȵǫǬ ǨǬǫȳȷǫǨǰǱǮȴ ǮȴǫǨǞ Ǡ ǟǱǢǱȲǣǪ Ǧ

Ǳǯǭǣǳ Ǡ ǭǮǬǢǠǦǤǣǫǦǦ ǫǬǠȴǳ ǰǬǠǞǮǬǠ Ǧ ǱǯǩǱǡ. ǆǥǪǣǫǣǫǦȸ Ǡ

ǬǟǯǰǬȸǰǣǩȵǯǰǠǞǳ, Ǟ ǰǞǨǤǣ Ǡ ǬȯǣǫǨǞǳ Ǧ ǭǮǣǢǭǬǩǬǤǣǫǦȸǳ ǮǱ-

ǨǬǠǬǢǯǰǠǞ ǪǬǡǱǰ ǭǮǦǠǣǯǰǦ Ǩ ǱǟȴǰǨǞǪ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥ-

ǫǬǯǰǦ Ǡ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǳ ǭǣǮǦǬǢǞǳ.

ǍǯǠǡǝǩȲǡ ǭǫǪǬȲ Ǥ ǫǬǡǮǡǩǣǤǤǁǮǱǭǭǞ ǪǬǤǣǰ ȸǠǩȸǰȵǯȸ ǬǟȳǣǨǰǬǪ ǮǞǥǫǬǡǬ ǮǬǢǞ ǯǱǢǣǟǫȴǳ ǯǭǬǮǬǠ Ǧ ǭǮǣǰǣǫǥǦǧ, ǠǨǩȷȰǞȸ ǮǞǥǟǦǮǞǰǣǩȵǯǰǠǞ ǭǬ ǢǣǩǞǪ Ǭǟ

ǬǟǤǞǩǬǠǞǫǦǦ ǫǬǮǪǞǰǦǠǫȴǳ ǞǨǰǬǠ, ǬǰǫǬǯǦǰǣǩȵǫǬ ǮǣǥǱǩȵǰǞ-

ǰǞ ǨǬǰǬǮȴǳ ǯǱȲǣǯǰǠǱǣǰ ǥǫǞȰǦǰǣǩȵǫǞȸ ǯǰǣǭǣǫȵ ǫǣǬǭǮǣǢǣ-

ǩǣǫǫǬǯǰǦ. ǎǱǨǬǠǬǢǯǰǠǬ ǭǮǬǠǬǢǦǰ ǬȯǣǫǨǱ, ǯǮǣǢǦ ǭǮǬȰǦǳ ǲǞǨǰǬǮǬǠ, ǯǰǣǭǣǫǦ ǠǣǮǬȸǰǫǬǯǰǦ ǫǣǟǩǞǡǬǭǮǦȸǰǫǬǡǬ ǮǣǥǱǩȵ-

ǰǞǰǞ Ǧ ǠǬǥǪǬǤǫǬǯǰǦ ǮǣǞǩȵǫǬǧ ǬȯǣǫǨǦ ǯǱǪǪȴ ǱǟȴǰǨǞ.

ǋǣǭǮǣǢǱǯǪǬǰǮǣǫǫȴǣ ǯǬǟȴǰǦȸ ǦǩǦ ǦǥǪǣǫǣǫǦȸ ȶǰǦǳ ǲǞǨǰǬ-

ǮǬǠ ǪǬǡǱǰ ǰǮǣǟǬǠǞǰȵ ǱǠǣǩǦȰǣǫǦȸ ǦǩǦ ǱǪǣǫȵȱǣǫǦȸ ǯǱǪǪȴ

Ǩ ǫǞȰǦǯǩǣǫǦȷ ǦǩǦ ǰǮǣǟǬǠǞǰȵ ǫǞȰǦǯǩǣǫǦȸ ǯǱǪǪȴ, ǫǣ ǫǞȰǦǯ-ǩǣǫǫǬǧ ǮǞǫǣǣ ǠǯǩǣǢǯǰǠǦǣ ǰǬǡǬ, ȰǰǬ ǰǞǨǬǣ ǫǞȰǦǯǩǣǫǦǣ ǫǣ

ǯȰǦǰǞǩǬǯȵ ǠǣǮǬȸǰǫȴǪ ǦǩǦ ǮǣǞǩȵǫǞȸ ǬȯǣǫǨǞ ǫǣ ǟȴǩǞ ǠǬǥ-

ǪǬǤǫǬǧ.

ǈǞǰǣǡǬǮǦȸ ǞǨǰǦǠǞ ǏǮǬǨ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞ-

ǫǦȸ ǢǬ 1 ȸǫǠǞǮȸ 2011 ǡ.ǏǮǬǨ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ

ǭǬǯǩǣ 1 ȸǫǠǞǮȸ 2011 ǡ.4.1 – ǌǟǬǮǱǢǬǠǞǫǦǣ ǨǬǪǪǱǰǞǰǬǮǬǠ 7 5

7.1 – ǏǦǯǰǣǪȴ ǨǬǫǰǮǬǩȸ Ǧ ǱǭǮǞǠǩǣǫǦȸ 7 5

7.2 – ǏǣǮǠǦǯǫȴǣ ǭǩǞǰǲǬǮǪȴ 7 5



78

7. ǊǏǒǌ Ǧ ǦǫǰǣǮǭǮǣǰǞȯǦǦ IFRIC,

ǣȲǣ ǫǣ ǠǯǰǱǭǦǠȱǦǣ Ǡ ǯǦǩǱǀ ǭǮǬȯǣǯǯǣ ǯǬǯǰǞǠǩǣǫǦȸ ǢǞǫǫǬǧ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǧ ǲǦ-

ǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ ǫǣǨǬǰǬǮȴǣ ǯǰǞǫǢǞǮǰȴ, ǭǬǭǮǞǠǨǦ Ǩ

ǯǰǞǫǢǞǮǰǞǪ Ǧ ǦǫǰǣǮǭǮǣǰǞȯǦȸǪ, ǫǣ ǠǯǰǱǭǦǠȱǦǣ Ǡ ǯǦǩǱ ǫǞ

31 ǢǣǨǞǟǮȸ 2011 ǡ., ǫǣ ǦǯǭǬǩȵǥǬǠǞǩǦǯȵ.

ǋǦǤǣ ǭǮǦǠǬǢȸǰǯȸ ǯǰǞǫǢǞǮǰȴ, ǨǬǰǬǮȴǣ ǟȴǩǦ ǠȴǭǱȲǣǫȴ, ǫǬ

ǣȲǣ ǫǣ ǠǯǰǱǭǦǩǦ Ǡ ǯǦǩǱ ǫǞ ǢǞǰǱ ǠȴǭǱǯǨǞ ǲǦǫǞǫǯǬǠǬǧ Ǭǰ-ȰǣǰǫǬǯǰǦ ǁǮǱǭǭȴ. ǁǮǱǭǭǞ ǭǩǞǫǦǮǱǣǰ ǭǮǦǪǣǫǦǰȵ ȶǰǦ ǯǰǞǫ-

ǢǞǮǰȴ, ǨǬǡǢǞ ǬǫǦ ǭǮǦǬǟǮǣǰǱǰ ǯǦǩǱ.

МСБУ (IAS) 1 ПSIHTUDFNIPLI WLPDPTQFQ確 QUZIUPQTUL –

ПSIHTUDFNIPLI TUDUI確 RSQZIGQ TQFQMVRPQGQ HQXQHD

ǍǬǭǮǞǠǨǦ Ǩ ǊǏƿǑ (IAS) 1 ǦǥǪǣǫȸȷǰ ǡǮǱǭǭǦǮǬǠǞǫǦǣ ǯǰǞǰǣǧ,

ǬǰǮǞǤǞǣǪȴǳ Ǡ ǯǬǯǰǞǠǣ ǭǮǬȰǣǡǬ ǯǬǠǬǨǱǭǫǬǡǬ ǢǬǳǬǢǞ. ǏǰǞ-

ǰȵǦ, ǨǬǰǬǮȴǣ ǪǬǡǱǰ ǟȴǰȵ ǮǣǨǩǞǯǯǦǲǦȯǦǮǬǠǞǫȴ Ǩ ǭǮǦǟȴǩȸǪ

Ǧ ǱǟȴǰǨǞǪ Ǡ ǬǭǮǣǢǣǩǣǫǫȴǧ ǪǬǪǣǫǰ ǠǮǣǪǣǫǦ Ǡ ǟǱǢǱȲǣǪ,

ǢǬǩǤǫȴ ǭǮǣǢǯǰǞǠǩȸǰȵǯȸ ǬǰǢǣǩȵǫǬ Ǭǰ ǯǰǞǰǣǧ, ǨǬǰǬǮȴǣ ǫǦ-

ǨǬǡǢǞ ǫǣ ǟǱǢǱǰ ǮǣǨǩǞǯǯǦǲǦȯǦǮǬǠǞǫȴ. ǍǬǭǮǞǠǨǞ ǬǨǞǥȴǠǞǣǰ ǠǩǦȸǫǦǣ ǦǯǨǩȷȰǦǰǣǩȵǫǬ ǫǞ ǭǮǣǢǯǰǞǠǩǣǫǦǣ ǦǫǲǬǮǪǞȯǦǦ Ǧ

ǫǣ ǠǩǦȸǣǰ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵǰǞǰȴ Ǣǣȸ-

ǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ. ǍǬǭǮǞǠǨǞ ǢǣǧǯǰǠǦǰǣǩȵǫǞ Ǣǩȸ ǬǰȰǣǰǫȴǳ ǭǣǮǦǬǢǬǠ, ǫǞȰǦǫǞȷȲǦǳǯȸ 1 Ǧȷǩȸ 2012 ǡ. ǦǩǦ ǭǬǥǢǫǣǣ.

МСБУ (IAS) 19 В^RNDU^ SDEQUPLMDO (RQRSDFMD)

ǏǬǠǣǰ ǭǬ ǊǏǒǌ ǬǭǱǟǩǦǨǬǠǞǩ ǫǣǯǨǬǩȵǨǬ ǭǬǭǮǞǠǬǨ Ǩ ǊǏƿǑ

(IAS) 19. ǀǬ-ǭǣǮǠȴǳ, ǪǣǰǬǢ «ǨǬǮǦǢǬǮǞ» ǫǣ ǟǱǢǣǰ ǭǮǦǪǣǫȸǰȵǯȸ,

Ǧ ǭǬǰǬǪǱ Ǡǯǣ ǦǥǪǣǫǣǫǦȸ Ǡ ǰǣǨǱȲǣǧ ǯǰǬǦǪǬǯǰǦ ǬǟȸǥǞǰǣǩȵǯǰǠǞ

ǭǬ ǬǭǮǣǢǣǩǣǫǫǬǧ ǠȴǭǩǞǰǣ Ǧ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ ǞǨǰǦ-

ǠǬǠ ǭǮǬǡǮǞǪǪȴ ǟǱǢǱǰ ǭǮǦǥǫǞǠǞǰȵǯȸ ǫǣǪǣǢǩǣǫǫǬ. ǀǬ-ǠǰǬǮȴǳ, ǭǬǭǮǞǠǨǞ ǭǬǥǠǬǩǦǰ ǱǯǰǮǞǫǦǰȵ ǠǬǥǪǬǤǫǬǯǰȵ ǭǮǣǢǭǮǦȸǰǦǧ

ǭǮǦǥǫǞǠǞǰȵ Ǡǯǣ ǦǥǪǣǫǣǫǦȸ Ǡ ǰǣǨǱȲǣǧ ǯǰǬǦǪǬǯǰǦ ǬǟȸǥǞǰǣǩȵ-

ǯǰǠǞ ǭǬ ǬǭǮǣǢǣǩǣǫǫǬǧ ǠȴǭǩǞǰǣ Ǧ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ

ǞǨǰǦǠǬǠ ǭǮǬǡǮǞǪǪȴ Ǡ ǯǬǯǰǞǠǣ ǭǮǦǟȴǩǣǧ Ǧ ǱǟȴǰǨǬǠ. ǀ-ǰǮǣǰȵǦǳ, ǬǤǦǢǞǣǪǞȸ ǭǮǦǟȴǩȵ Ǭǰ ǞǨǰǦǠǬǠ ǭǮǬǡǮǞǪǪȴ, ǭǮǦǥǫǞǫǫǞȸ Ǡ ǯǬ-

ǯǰǞǠǣ ǭǮǦǟȴǩǣǧ Ǧ ǱǟȴǰǨǬǠ, ǟǱǢǣǰ ǮǞǯǯȰǦǰȴǠǞǰȵǯȸ ǫǞ ǬǯǫǬǠǞ-

ǫǦǦ ǯǰǞǠǨǦ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ, ǦǯǭǬǩȵǥǬǠǞǫǫǬǧ Ǣǩȸ ǮǞǯȰǣǰǬǠ

ǬǟȸǥǞǰǣǩȵǯǰǠ ǭǬ ǬǭǮǣǢǣǩǣǫǫǬǧ ǠȴǭǩǞǰǣ. ǍǬǭǮǞǠǨǦ ǢǣǧǯǰǠǦ-

ǰǣǩȵǫȴ Ǣǩȸ ǡǬǢǬǠȴǳ ǬǰȰǣǰǫȴǳ ǭǣǮǦǬǢǬǠ, ǫǞȰǦǫǞȷȲǦǳǯȸ 1 ȸǫ-

ǠǞǮȸ 2013 ǡ. ǦǩǦ ǭǬǥǢǫǣǣ, Ǧ ǭǮǦǪǣǫǣǫǦǣ ǢǬ ǱǨǞǥǞǫǫǬǧ ǢǞǰȴ

ǭǮǦǠǣǰǯǰǠǱǣǰǯȸ. ǍǬǭǮǞǠǨǱ ǯǩǣǢǱǣǰ ǭǮǦǪǣǫȸǰȵ ǮǣǰǮǬǯǭǣǨ-

ǰǦǠǫǬ. ǋǞ ǢǞǫǫȴǧ ǪǬǪǣǫǰ ǁǮǱǭǭǞ ǣȲǣ ǫǣ ǭǮǬǞǫǞǩǦǥǦǮǬǠǞǩǞ

ǠǬǥǪǬǤǫǬǣ ǠǩǦȸǫǦǣ ǭǬǭǮǞǠǬǨ Ǩ ǯǰǞǫǢǞǮǰǱ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬ-

ǯǰǬȸǫǦǣ Ǧ ǮǣǥǱǩȵǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.

МСФО (IFRS) 7 ФLPDPTQFÎ LPTUSVOIPU^: SDTMSÛLI LP-

WQSODYLL – УTQFIS[IPTUFQFDPPÎ USIEQFDPLb M SDTMS^-

ULa LPWQSODYLL Q RSIMSD¥IPLL RSLKPDPLb

ǍǬǭǮǞǠǨǞ ǰǮǣǟǱǣǰ ǢǬǭǬǩǫǦǰǣǩȵǫǬǡǬ ǮǞǯǨǮȴǰǦȸ ǦǫǲǬǮǪǞ-

ȯǦǦ Ǭ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǞǳ, ǨǬǰǬǮȴǣ ǟȴǩǦ ǭǣǮǣǢǞǫȴ, ǫǬ

ǭǮǦǥǫǞǫǦǣ ǨǬǰǬǮȴǳ ǫǣ ǭǮǣǨǮǞȲǣǫǬ, Ǣǩȸ ǰǬǡǬ ȰǰǬǟȴ ǭǮǣǢǬ-

ǯǰǞǠǦǰȵ ǭǬǩȵǥǬǠǞǰǣǩȸǪ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ ǁǮǱǭǭȴ

ǠǬǥǪǬǤǫǬǯǰȵ ǭǬǫȸǰȵ ǳǞǮǞǨǰǣǮ ǯǬǬǰǫǬȱǣǫǦȸ ǞǨǰǦǠǬǠ, ǭǮǦ-

ǥǫǞǫǦǣ ǨǬǰǬǮȴǳ ǫǣ ǟȴǩǬ ǭǮǣǨǮǞȲǣǫǬ, Ǧ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǳ ǬǟȸǥǞǰǣǩȵǯǰǠ. ǈǮǬǪǣ ǰǬǡǬ, ǭǬǭǮǞǠǨǞ ǰǮǣǟǱǣǰ ǮǞǯǨǮȴǰǦȸ Ǧǫ-

ǲǬǮǪǞȯǦǦ Ǭ ǭǮǬǢǬǩǤǞȷȲǣǪǯȸ ǱȰǞǯǰǦǦ Ǡ ǞǨǰǦǠǞǳ, ǭǮǦǥǫǞ-

ǫǦǣ ǨǬǰǬǮȴǳ ǟȴǩǬ ǭǮǣǨǮǞȲǣǫǬ, Ǣǩȸ ǰǬǡǬ ȰǰǬǟȴ ǭǮǣǢǬǯǰǞ-

ǠǦǰȵ ǭǬǩȵǥǬǠǞǰǣǩȸǪ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ ǠǬǥǪǬǤǫǬǯǰȵ

ǭǬǫȸǰȵ ǳǞǮǞǨǰǣǮ ǭǮǬǢǬǩǤǞȷȲǣǡǬǯȸ ǱȰǞǯǰǦȸ ǨǬǪǭǞǫǦǦ Ǡ

ǰǞǨǦǳ ǞǨǰǦǠǞǳ, ǭǮǦǥǫǞǫǦǣ ǨǬǰǬǮȴǳ ǟȴǩǬ ǭǮǣǨǮǞȲǣǫǬ, Ǧ ǮǦ-

ǯǨǦ, ǯǠȸǥǞǫǫȴǣ ǯ ȶǰǦǪ. ǍǬǭǮǞǠǨǞ ǢǣǧǯǰǠǦǰǣǩȵǫǞ Ǣǩȸ ǡǬǢǬ-

Ǡȴǳ ǬǰȰǣǰǫȴǳ ǭǣǮǦǬǢǬǠ, ǫǞȰǦǫǞȷȲǦǳǯȸ 1 Ǧȷǩȸ 2011 ǡ. ǦǩǦ

ǭǬǥǢǫǣǣ. ǍǬǭǮǞǠǨǞ ǫǣ ǬǨǞǤǣǰ ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬ-

ǯǰǬȸǫǦǣ Ǧ ǮǣǥǱǩȵǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.

МСФО (IFRS) 9 ФLPDPTQFÎ LPTUSVOIPU^: MNDTTLWLMDYLb

L QYIPMD

ǊǏǒǌ (IFRS) 9, ǠȴǭǱȲǣǫǫȴǧ ǭǬ ǮǣǥǱǩȵǰǞǰǞǪ ǭǣǮǠǬǡǬ ȶǰǞ-

ǭǞ ǭǮǬǣǨǰǞ ǏǬǠǣǰǞ ǭǬ ǊǏǒǌ ǭǬ ǥǞǪǣǫǣ ǊǏƿǑ (IAS) 39,

ǭǮǦǪǣǫȸǣǰǯȸ Ǣǩȸ ǨǩǞǯǯǦǲǦǨǞȯǦǦ Ǧ ǬȯǣǫǨǦ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ Ǧ ǲǦǫǞǫǯǬǠȴǳ ǬǟȸǥǞǰǣǩȵǯǰǠ, ǬǭǮǣǢǣǩǣǫǦǣ ǨǬǰǬ-

Ǯȴǳ ǯǬǢǣǮǤǦǰǯȸ Ǡ ǊǏƿǑ (IAS) 39. ǀ ǢǣǨǞǟǮǣ 2011 ǡ. ǏǬǠǣǰ ǭǬ ǊǏǒǌ ǠȴǢǞǩ ǍǣǮǣǳǬǢǫȴǣ ǭǬǩǬǤǣǫǦȸ ǬǰǫǬǯǦǰǣǩȵǫǬ

ǮǞǯǨǮȴǰǦȸ ǦǫǲǬǮǪǞȯǦǦ Ǧ ǬǟȸǥǞǰǣǩȵǫǬǧ ǢǞǰȴ ǠǯǰǱǭǩǣǫǦȸ

Ǡ ǯǦǩǱ (ǭǬǭǮǞǠǨǦ Ǩ ǊǏǒǌ (IFRS) 9 Ǧ ǊǏǒǌ (IFRS) 7), ǯǬǡǩǞǯ-ǫǬ ǨǬǰǬǮȴǪ ǭǮǣǢǭǮǦȸǰǦȸ ǢǬǩǤǫȴ ǭǮǦǪǣǫȸǰȵ ǭǬǭǮǞǠǨǦ Ǩ

ǊǏǒǌ (IFRS) 9 Ǣǩȸ ǡǬǢǬǠȴǳ ǬǰȰǣǰǫȴǳ ǭǣǮǦǬǢǬǠ, ǫǞȰǦǫǞ-

ȷȲǦǳǯȸ 1 ȸǫǠǞǮȸ 2015 ǡ. ǦǩǦ ǭǬǥǢǫǣǣ. ǋǞ ǯǩǣǢǱȷȲǦǳ ȶǰǞ-

ǭǞǳ ǏǬǠǣǰ ǭǬ ǊǏǒǌ ǮǞǯǯǪǬǰǮǦǰ ǠǬǭǮǬǯ ǱȰǣǰǞ ǳǣǢǤǦǮǬǠǞ-

ǫǦȸ Ǧ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ. ǈǞǨ

ǬǤǦǢǞǣǰǯȸ, ǭǮǬǣǨǰ ǟǱǢǣǰ ǥǞǠǣǮȱǣǫ Ǡ 2012 ǡ. ǍǮǦǪǣǫǣǫǦǣ

ǭǣǮǠǬǡǬ ȶǰǞǭǞ ǊǏǒǌ (IFRS) 9 ǭǬǠǩǦȸǣǰ ǫǞ ǨǩǞǯǯǦǲǦǨǞȯǦȷ

Ǧ ǬȯǣǫǨǱ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ ǁǮǱǭǭȴ, ǫǬ ǫǣ ǭǬǠǩǦȸǣǰ ǫǞ

ǨǩǞǯǯǦǲǦǨǞȯǦȷ Ǧ ǬȯǣǫǨǱ ǲǦǫǞǫǯǬǠȴǳ ǬǟȸǥǞǰǣǩȵǯǰǠ. ǁǮǱǭ-

ǭǞ ǨǬǩǦȰǣǯǰǠǣǫǫǬ ǬȯǣǫǦǰ ǠǩǦȸǫǦǣ ǢǞǫǫǬǡǬ ǯǰǞǫǢǞǮǰǞ ǫǞ

ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǣ ǭǬǨǞǥǞǰǣǩǦ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ Ǡ

ǭǮǦǠȸǥǨǣ Ǩ ǭǮǬȰǦǪ ȶǰǞǭǞǪ ǭǮǬǣǨǰǞ, ǨǬǡǢǞ ǰǞǨǬǠȴǣ ǟǱǢǱǰ ǭǮǦǫȸǰȴ, ȰǰǬǟȴ ǭǮǣǢǯǰǞǠǦǰȵ ǭǬǩǫǱȷ ǨǞǮǰǦǫǱ.

МСФО (IFRS) 10 КQPTQNLHLSQFDPPDb WLPDPTQFDb QUZIU-

PQTU_

ǊǏǒǌ (IFRS) 10 ǥǞǪǣǫȸǣǰ ǊǏƿǑ (IAS) 27 ǈǬǫǯǬǩǦǢǦǮǬ-

ǠǞǫǫǞȸ Ǧ ǬǰǢǣǩȵǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǬǰȰǣǰǫǬǯǰȵ Ǡ ȰǞǯǰǦ, ǨǞ-

ǯǞȷȲǣǧǯȸ ǯǬǯǰǞǠǩǣǫǦȸ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǧ ǲǦǫǞǫǯǬǠǬǧ

ǬǰȰǣǰǫǬǯǰǦ. ǏǰǞǫǢǞǮǰ ǰǞǨǤǣ ǠǨǩȷȰǞǣǰ ǠǬǭǮǬǯȴ, ǨǬǰǬǮȴǣ

ǟȴǩǦ ǮǞǯǯǪǬǰǮǣǫȴ Ǡ ǆǫǰǣǮǭǮǣǰǞȯǦǦ SIC-12 ǈǬǫǯǬǩǦǢǞ-

ȯǦȸ: ǯǱǟȳǣǨǰȴ ǳǬǥȸǧǯǰǠǬǠǞǫǦȸ ǯǭǣȯǦǞǩȵǫǬǡǬ ǫǞǥǫǞȰǣǫǦȸ.

ǊǏǒǌ (IFRS) 10 ǠǠǬǢǦǰ ǣǢǦǫǱȷ ǪǬǢǣǩȵ ǱǭǮǞǠǩǣǫǦȸ, ǨǬ-

ǰǬǮǞȸ ǢǬǩǤǫǞ ǭǮǦǪǣǫȸǰȵǯȸ ǠǯǣǪǦ ǭǮǣǢǭǮǦȸǰǦȸǪǦ, Ǡ ǰǬǪ

ȰǦǯǩǣ ǯǱǟȳǣǨǰǞǪǦ ǯǭǣȯǦǞǩȵǫǬǡǬ ǫǞǥǫǞȰǣǫǦȸ. ǆǥǪǣǫǣ-

ǫǦȸ, ǨǬǰǬǮȴǣ ǠǠǬǢȸǰǯȸ ǊǏǒǌ (IFRS) 10, ǟǱǢǱǰ ǰǮǣǟǬǠǞǰȵ

Ǭǰ ǭǮǣǢǭǮǦȸǰǦǧ ǯǱǤǢǣǫǦȸ Ǣǩȸ ǬǭǮǣǢǣǩǣǫǦȸ ǰǬǡǬ, ǨǞǨǦǣ

ǭǮǣǢǭǮǦȸǰǦȸ ǫǞǳǬǢȸǰǯȸ ǭǬǢ ǨǬǫǰǮǬǩǣǪ, Ǟ ǭǬǰǬǪǱ ǢǬǩǤǫȴ

ǨǬǫǯǬǩǦǢǦǮǬǠǞǰȵǯȸ ǪǞǰǣǮǦǫǯǨǬǧ ǨǬǪǭǞǫǦǣǧ, Ǡ ǬǰǩǦȰǦǣ

Ǭǰ ǰǮǣǟǬǠǞǫǦǧ, ǱǯǰǞǫǞǠǩǦǠǞǣǪȴǳ ǊǏƿǑ (IAS) 27. ǂǞǫǫȴǧ

ǯǰǞǫǢǞǮǰ ǢǣǧǯǰǠǦǰǣǩǣǫ Ǣǩȸ ǡǬǢǬǠȴǳ ǬǰȰǣǰǫȴǳ ǭǣǮǦǬǢǬǠ,

ǫǞȰǦǫǞȷȲǦǳǯȸ 1 ȸǫǠǞǮȸ 2013 ǡ. ǦǩǦ ǭǬǥǢǫǣǣ. ǁǮǱǭǭǞ ǬǤǦ-

ǢǞǣǰ, ȰǰǬ ǭǬǭǮǞǠǨǞ ǫǣ ǭǬǠǩǦȸǣǰ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ

Ǧ ǮǣǥǱǩȵǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.

МСФО (IFRS) 12 РDTMSÛLI LPWQSODYLL QUPQTLUIN_PQ HQ-

NI確 VZDTULb F RSQZLX RSIHRSLbULbX

ǊǏǒǌ (IFRS) 12 ǯǬǢǣǮǤǦǰ Ǡǯǣ ǰǮǣǟǬǠǞǫǦȸ Ǩ ǮǞǯǨǮȴǰǦȷ

ǦǫǲǬǮǪǞȯǦǦ Ǡ ǯǬǬǰǠǣǰǯǰǠǦǦ ǯ ǊǏƿǑ (IAS) 27 Ǡ ȰǞǯǰǦ, ǨǞ-

ǯǞȷȲǣǧǯȸ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǧ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ, Ǟ

ǰǞǨǤǣ Ǡǯǣ ǰǮǣǟǬǠǞǫǦȸ Ǩ ǮǞǯǨǮȴǰǦȷ ǦǫǲǬǮǪǞȯǦǦ ǯǬǡǩǞǯǫǬ

ǊǏƿǑ (IAS) 31 Ǧ ǊǏƿǑ (IAS) 28. ǛǰǦ ǰǮǣǟǬǠǞǫǦȸ ǨǞǯǞȷǰǯȸ

ǢǬǩǣǧ ǱȰǞǯǰǦȸ Ǡ ǢǬȰǣǮǫǦǳ, ǯǬǠǪǣǯǰǫȴǳ, ǞǯǯǬȯǦǦǮǬǠǞǫǫȴǳ Ǧ ǯǰǮǱǨǰǱǮǦǮǬǠǞǫǫȴǳ ǭǮǣǢǭǮǦȸǰǦȸǳ.

ǀǠǣǢǣǫȴ ǰǞǨǤǣ Ǧ ǫǬǠȴǣ ǰǮǣǟǬǠǞǫǦȸ Ǩ ǮǞǯǨǮȴǰǦȷ Ǧǫ-

ǲǬǮǪǞȯǦǦ. ǂǞǫǫȴǧ ǯǰǞǫǢǞǮǰ ǢǣǧǯǰǠǦǰǣǩǣǫ Ǣǩȸ ǡǬǢǬǠȴǳ ǬǰȰǣǰǫȴǳ ǭǣǮǦǬǢǬǠ, ǫǞȰǦǫǞȷȲǦǳǯȸ 1 ȸǫǠǞǮȸ 2013 ǡ. ǦǩǦ

ǭǬǥǢǫǣǣ. ǁǮǱǭǭǞ ǬǤǦǢǞǣǰ, ȰǰǬ ǯǰǞǫǢǞǮǰ ǭǬǰǮǣǟǱǣǰ ǢǬǭǬǩ-

ǫǦǰǣǩȵǫǬǡǬ ǮǞǯǨǮȴǰǦȸ ǦǫǲǬǮǪǞȯǦǦ Ǡ ǨǬǫǯǬǩǦǢǦǮǬǠǞǫǫǬǧ

ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ, ǫǬ ǫǣ ǭǬǠǩǦȸǣǰ ǫǞ ǲǦǫǞǫǯǬǠǬǣ

ǯǬǯǰǬȸǫǦǣ Ǧ ǮǣǥǱǩȵǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.



79

МСФО (IFRS) 13 ОYIPMD TRSDFIHNLFQ確 TUQLOQTUL

ǊǏǒǌ (IFRS) 13 ǬǟȳǣǢǦǫȸǣǰ Ǡ ǬǢǫǬǪ ǯǰǞǫǢǞǮǰǣ Ǡǯǣ ǰǮǣ-

ǟǬǠǞǫǦȸ Ǩ ǬȯǣǫǨǣ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ. ǊǏǒǌ (IFRS)

13 ǫǣ ǦǥǪǣǫȸǣǰ ǰǮǣǟǬǠǞǫǦǧ ǬǰǫǬǯǦǰǣǩȵǫǬ ǰǬǡǬ, ǨǬǡǢǞ Ǭǰ ǨǬǪǭǞǫǦǦ ǰǮǣǟǱǣǰǯȸ ǭǮǦǪǣǫǣǫǦǣ ǬȯǣǫǨǦ ǭǬ ǯǭǮǞǠǣǢǩǦ-

ǠǬǧ ǯǰǬǦǪǬǯǰǦ, ǫǬ ǭǮǣǢǬǯǰǞǠǩȸǣǰ ǦǫǯǰǮǱǨȯǦǦ ǮǞǯȰǣǰǞ

ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ, ǨǬǡǢǞ ǬȯǣǫǨǞ ǭǬ ǯǭǮǞǠǣǢǩǦǠǬǧ

ǯǰǬǦǪǬǯǰǦ ǰǮǣǟǱǣǰǯȸ ǦǩǦ ǮǞǥǮǣȱǞǣǰǯȸ ǯǬǡǩǞǯǫǬ ǊǏǒǌ. ǀ

ǢǞǫǫȴǧ ǪǬǪǣǫǰ ǁǮǱǭǭǞ ǬȯǣǫǦǠǞǣǰ ǠǩǦȸǫǦǣ ǯǰǞǫǢǞǮǰǞ ǫǞ

ǯǠǬǣ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ Ǧ ǮǣǥǱǩȵǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ.

ǂǞǫǫȴǧ ǯǰǞǫǢǞǮǰ ǢǣǧǯǰǠǦǰǣǩǣǫ Ǣǩȸ ǡǬǢǬǠȴǳ ǬǰȰǣǰǫȴǳ ǭǣ-

ǮǦǬǢǬǠ, ǫǞȰǦǫǞȷȲǦǳǯȸ 1 ȸǫǠǞǮȸ 2013 ǡ. ǦǩǦ ǭǬǥǢǫǣǣ.

ǁǮǱǭǭǞ ǯȰǦǰǞǣǰ, ȰǰǬ ǭǮǦǠǣǢǣǫǫȴǣ ǫǦǤǣ ǯǰǞǫǢǞǮǰȴ Ǧ ǭǬ-

ǭǮǞǠǨǦ ǫǣ ǭǬǠǩǦȸȷǰ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ, ǮǣǥǱǩȵǰǞ-

ǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǦǩǦ ǮǞǯǨǮȴǰǦǣ ǦǫǲǬǮǪǞȯǦǦ Ǡ ǨǬǫǯǬǩǦ-

ǢǦǮǬǠǞǫǫǬǧ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ:

ǊǏǒǌ (IFRS) 1 ǍǣǮǠǬǣ ǭǮǦǪǣǫǣǫǦǣ ǊǣǤǢǱǫǞǮǬǢǫȴǳ ǯǰǞǫǢǞǮǰǬǠ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ (ǭǬǭǮǞǠǨǦ)

ǊǏǒǌ (IFRS) 11 ǏǬǡǩǞȱǣǫǦȸ Ǭ ǯǬǠǪǣǯǰǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ

ǊǏƿǑ (IAS) 12 ǋǞǩǬǡǦ ǫǞ ǭǮǦǟȴǩȵ – ǀǬǥǪǣȲǣǫǦǣ ǞǨǰǦ-

ǠǬǠ, ǩǣǤǞȲǦǳ Ǡ ǬǯǫǬǠǣ ǬǰǩǬǤǣǫǫȴǳ ǫǞǩǬǡǬǠ

ǊǏƿǑ (IAS) 27 ǌǰǢǣǩȵǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǬǰȰǣǰǫǬǯǰȵ (ǭǣǮǣ-

ǯǪǬǰǮǣǫǫȴǧ Ǡ 2011 ǡ.)

ǊǏƿǑ (IAS) 28 ǆǫǠǣǯǰǦȯǦǦ Ǡ ǞǯǯǬȯǦǦǮǬǠǞǫǫȴǣ ǭǮǣǢǭǮǦ-

ȸǰǦȸ (ǭǣǮǣǯǪǬǰǮǣǫǫȴǧ Ǡ 2011 ǡ.)

֏ ǊǏƿǑ (IAS) 32 ǒǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ: ǭǮǣǢǯǰǞǠǩǣǫǦǣ

ǆǫǰǣǮǭǮǣǰǞȯǦȸ IFRIC 20 ǎǞǯǳǬǢȴ ǫǞ ǠǯǨǮȴȱǫȴǣ ǮǞǟǬǰȴ

Ǡ ǳǬǢǣ ǬǰǨǮȴǰǬǧ ǮǞǥǮǞǟǬǰǨǦ ǮǱǢǫǦǨǞ ǫǞ ȶǰǞǭǣ ǢǬǟȴȰǦ

8. ǂǬǳǬǢȴ Ǧ ǮǞǯǳǬǢȴ 2011 ǡ. 2010 ǡ.

ǀǪǱǪǠȲǍǮǬǢǞǤǞ ȶǲǦǮǫǬǡǬ ǠǮǣǪǣǫǦ 5 348 426 5 924 973

ǎǣǡǱǩȸǮǫȴǣ ǭǩǞǰǣǤǦ 2 384 073 1 703 262

ǍǩǞǰǞ ǥǞ ǯǬǣǢǦǫǣǫǦǣ 2 146 349 2 084 790

ǂǬǭǬǩǫǦǰǣǩȵǫȴǣ ǱǯǩǱǡǦ 1 022 885 876 376

ǎǬǱǪǦǫǡ Ǧ ǢǬǯǰǱǭ Ǩ ǯǣǰǦ 712 468 430 001

ǎǬǱǪǦǫǡ (ǞǟǬǫǣǫǰȴ) 229 756 222 621

ǍǩǞǰǞ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ Ǧ ǮǞǥǬǠǞȸ ǭǩǞǰǞ ǥǞ ǭǬǢǭǦǯǨǱ ǫǞ ǱǯǩǱǡǦ 175 903 82 671

ǑǯǩǱǡǦ ȱǦǮǬǨǬǭǬǩǬǯǫǬǡǬ ǦǫǰǣǮǫǣǰǞ (FTTB) 126 592 4 211

ǍǩǞǰǞ ǥǞ ǲǦǨǯǦǮǬǠǞǫǫȴǣ ǩǦǫǦǦ 65 398 44 313

ǍǮǬȰǦǣ ǢǬǳǬǢȴ 120 495 69 807

12 332 345 11 443 025

ǍǮǪǤǨǪǭǮȳ ǨǜǮǡǬǤǜǧǪǞ Ǥ ǩǜȮǤǭǧǡǩǤȶ ǣǜ ǫǪǧȳǣǪǞǜǩǤǡ ǮǬǜǰǤǦǪǨǍǩǞǰǞ ǥǞ ǯǬǣǢǦǫǣǫǦǣ 1 786 240 1 588 590

ǏǰǬǦǪǬǯǰȵ ǪǞǰǣǮǦǞǩǬǠ 218 830 188 971

ǎǞǯǳǬǢȴ ǫǞ ǮǬǱǪǦǫǡ 168 802 157 860

ǎǞǯǳǬǢȴ ǫǞ ǞǮǣǫǢǱ ǨǞǫǞǩǬǠ 19 039 4 107

2 192 911 1 939 528

ǃǜǬǜǝǪǮǩǜȶ ǫǧǜǮǜ Ǥ ǬǜǭǱǪǠȲ ǩǜ ǫǡǬǭǪǩǜǧǅǞǮǞǟǬǰǫǞȸ ǭǩǞǰǞ, ǬǰǭǱǯǨǫȴǣ Ǧ ǭǮǬȰǦǣ ǠȴǭǩǞǰȴ ǭǣǮǯǬǫǞǩǱ 739 307 663 267

ǀǥǫǬǯȴ Ǡ ǯǬȯǦǞǩȵǫȴǣ ǲǬǫǢȴ 174 253 165 810

ǊǣǢǦȯǦǫǯǨǬǣ ǯǰǮǞǳǬǠǞǫǦǣ 34 090 35 652

ǌǟǱȰǣǫǦǣ ǭǣǮǯǬǫǞǩǞ 1 094 1 514

948 744 866 243

ǏǮǣǢǫǣǣ ǨǬǩǦȰǣǯǰǠǬ ǮǞǟǬǰǫǦǨǬǠ ǁǮǱǭǭȴ Ǡ 2011 ǡ. ǯǬǯǰǞǠǩȸǩǬ 4 502 ȰǣǩǬǠǣǨǞ (2010 ǡ.: 4 663 ȰǣǩǬǠǣǨǞ).



80

2011 ǡ. 2010 ǡ.ǋǬǪȮǤǡ ǪǫǡǬǜȭǤǪǩǩȲǡ ǬǜǭǱǪǠȲ

ǎǣǪǬǫǰ Ǧ ǰǣǳǫǦȰǣǯǨǬǣ ǬǟǯǩǱǤǦǠǞǫǦǣ 712 021 620 090

ǈǬǪǦǯǯǦǬǫǫǬǣ ǠǬǥǫǞǡǮǞǤǢǣǫǦǣ ǥǞ ǭǮǬǢǞǤǱ Ǧ ǪǞǮǨǣǰǦǫǡ 340 688 314 110

ǌǭǣǮǞȯǦǬǫǫǞȸ ǞǮǣǫǢǞ ǥǣǪǩǦ Ǧ ǥǢǞǫǦǧ 320 958 290 126

ǎǣǨǩǞǪǞ 265 650 190 420

Ǌǣǯǰǫȴǣ ǫǞǩǬǡǦ Ǧ ǫǣǠǬǥǪǣȲǞǣǪȴǧ ǋǂǏ 247 718 187 213

ǛǩǣǨǰǮǬȶǫǣǮǡǦȸ 171 192 133 547

ǏǰǬǦǪǬǯǰȵ ǨǬǫǯǱǩȵǰǞȯǦǬǫǫȴǳ ǱǯǩǱǡ Ǧ ǱǯǩǱǡ ǠǫǣȱǫǦǳ ǯǭǣȯǦǞǩǦǯǰǬǠ 92 096 168 857

ǏǰǮǞǳǬǠǞǫǦǣ 68 201 74 844

ǊǞǰǣǮǦǞǩȴ Ǧ ǭǬǯǰǞǠǨǦ 30 476 22 976

ǏǰǬǦǪǬǯǰȵ ǩǦȯǣǫǥǦǧ Ǧ ǦǯǯǩǣǢǬǠǞǰǣǩȵǯǨǦǳ ǮǞǟǬǰ 24 254 19 493

ǈǬǪǞǫǢǦǮǬǠǬȰǫȴǣ ǮǞǯǳǬǢȴ 18 962 14 401

ǍǬȰǰǬǠȴǣ ǮǞǯǳǬǢȴ, ǮǞǯǳǬǢȴ ǫǞ ǭǣǮǣǠǬǥǨǦ, ǮǞǯǭǮǬǯǰǮǞǫǣǫǦǣ Ǧ ǯǠȸǥȵ 9 100 7 861

ƿǞǫǨǬǠǯǨǦǣ ǨǬǪǦǯǯǦǦ 3 508 6 003

ǎǞǯǳǬǢȴ ǫǞ ǯǬǪǫǦǰǣǩȵǫǱȷ ǥǞǢǬǩǤǣǫǫǬǯǰȵ - 20 920

ǍǮǬȰǦǣ ǬǭǣǮǞȯǦǬǫǫȴǣ ǮǞǯǳǬǢȴ 20 992 7 497

2 325 816 2 078 358

2011 ǡ. 2010 ǡ.ǋǬǪȮǤǡ ǬǜǭǱǪǠȲ

ǑǟȴǰǬǨ Ǭǰ ǠȴǟȴǰǦȸ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǧ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ 56 294 61 477

ǀǥǫǬǯȴ Ǧ ǭǬǤǣǮǰǠǬǠǞǫǦȸ ǫǞ ǟǩǞǡǬǰǠǬǮǦǰǣǩȵǫǬǯǰȵ 3 623 2 896

59 917 64 373

ǄǣǩǪǭ, ǜǨǪǬǮǤǣǜȭǤȶ Ǥ ǯǨǡǩȳȯǡǩǤǡ ǫǪǧǡǣǩǪǭǮǤǆǥǫǬǯ, ǞǪǬǮǰǦǥǞȯǦȸ Ǧ ǱǪǣǫȵȱǣǫǦǣ ǭǬǩǣǥǫǬǯǰǦ ǠǨǩȷȰǞǩǦ ǯǩǣǢǱȷȲǣǣ:

ǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ2011 ǡ. 2010 ǡ. 2011 ǡ. 2010 ǡ.

ǆǥǫǬǯ Ǧ ǞǪǬǮǰǦǥǞȯǦȸ 1 722 674 1 346 803 386 834 434 666

ǑǟȴǰǬǨ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ, ǥǞ ǠȴȰǣǰǬǪ

ǯǰǬǮǫǦǮǬǠǞǫǦȸ 12 476 3 414 - -

1 735 150 1 350 217 386 834 434 666



81

ǐǤǩǜǩǭǪǞȲǡ ǠǪǱǪǠȲ 2011 ǡ. 2010 ǡ.

ǍǮǬȯǣǫǰǫȴǣ ǢǬǳǬǢȴ 226 390 150 641

ǆǰǬǡǬ ǭǮǬȯǣǫǰǫȴǣ ǢǬǳǬǢȴ 226 390 150 641

ƾǪǬǮǰǦǥǞȯǦȸ ǢǦǯǨǬǫǰǞ ǭǬ ǭǮǬȰǦǪ ǬǟǬǮǬǰǫȴǪ ǲǦǫǞǫǯǬǠȴǪ ǞǨǰǦǠǞǪ 719 737 76 790

946 127 227 431

ǐǤǩǜǩǭǪǞȲǡ ǬǜǭǱǪǠȲ2011 ǡ. 2010 ǡ.

ǍǮǬȯǣǫǰǫȴǣ ǮǞǯǳǬǢȴ ǭǬ ǟǞǫǨǬǠǯǨǦǪ ǨǮǣǢǦǰǞǪ 3 959 3 942

ǆǰǬǡǬ ǭǮǬȯǣǫǰǫȴǣ ǮǞǯǳǬǢȴ 3 959 3 942

ǍǮǬȰǦǣ ǲǦǫǞǫǯǬǠȴǣ ǮǞǯǳǬǢȴ 4 244 3 275

8 203 7 217

ǀ 2011 ǡ. ǁǮǱǭǭǞ ǭǮǦǥǫǞǩǞ ǱǟȴǰǨǦ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥ-

ǫǬǯǰǦ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǡ ǯǱǪǪǣ 25 283 ǰȴǯ. ǡǮǫ (2010 ǡ.: 14 076 ǰȴǯ. ǡǮǫ), ǫǞ ǬǯǫǬǠǞǫǦǦ ǫǞǩǦȰǦȸ ǠǫǱǰǮǣǫǫǦǳ ǦǫǢǦ-

ǨǞǰǬǮǬǠ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǮǞǥǩǦȰǫȴǳ ǬǰǢǣǩȵǫȴǳ ǨǬǪǭǬǫǣǫǰǬǠ ǯǣǰǣǠǬǡǬ ǬǟǬǮǱǢǬǠǞǫǦȸ, ǭǬǯǨǬǩȵǨǱ ǁǮǱǭǭǞ

ǫǣ ǭǩǞǫǦǮǬǠǞǩǞ ǦǯǭǬǩȵǥǬǠǞǰȵ ȶǰǬ ǬǟǬǮǱǢǬǠǞǫǦǣ Ǡ ǟǱǢǱ-

ȲǣǪ. ƾǨǰǦǠȴ, ǭǮǦǥǫǞǫǫȴǣ ǨǞǨ ǟǬǩǣǣ ǫǣ ǦǯǭǬǩȵǥǱǣǪȴǣ,

ǟȴǩǦ ǯǭǦǯǞǫȴ ǢǬ Ǧǳ ǠǬǥǪǣȲǞǣǪǬǧ ǯǰǬǦǪǬǯǰǦ, ǮǞǠǫǬǧ, ǨǞǨ

ǭǮǞǠǦǩǬ, ǫǱǩȷ.

ǈǮǬǪǣ ǰǬǡǬ, Ǡ 2011 ǡ. ǁǮǱǭǭǞ ǭǮǦǥǫǞǩǞ ǯǰǬǮǫǦǮǬǠǞǫǦǣ

ǱǟȴǰǨǬǠ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǯǣǰǣǠǬǡǬ ǬǟǬǮǱǢǬ-

ǠǞǫǦȸ Ǡ ǯǱǪǪǣ 12 807 ǰȴǯ. ǡǮǫ (2010 ǡ.: 10 662 ǰȴǯ. ǡǮǫ)

Ǡ ǮǣǥǱǩȵǰǞǰǣ ǦǥǪǣǫǣǫǦǧ Ǡ ǰǞǮǦǲǫǬǧ ǭǬǩǦǰǦǨǣ Ǧ ǯǬǬǰǠǣǰ-ǯǰǠǱȷȲǦǳ ǭǩǞǫǞǳ ǬǰǫǬǯǦǰǣǩȵǫǬ ǟǱǢǱȲǣǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ

ǮǞǫǣǣ ǬǟǣǯȯǣǫǣǫǫǬǡǬ ǯǣǰǣǠǬǡǬ ǬǟǬǮǱǢǬǠǞǫǦȸ ǯǬǡǩǞǯǫǬ

ǯǨǬǮǮǣǨǰǦǮǬǠǞǫǫȴǪ ǟȷǢǤǣǰǞǪ ǨǞǭǦǰǞǩǬǠǩǬǤǣǫǦǧ ǫǞ ǟǱ-

ǢǱȲǦǣ ǡǬǢȴ.

9. ǋǞǩǬǡ ǫǞ ǭǮǦǟȴǩȵǍǮǦǟȴǩȵ ǁǮǱǭǭȴ ǭǬǢǩǣǤǦǰ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȷ ǰǬǩȵǨǬ ǫǞ

ǰǣǮǮǦǰǬǮǦǦ ǑǨǮǞǦǫȴ. ǀ 2010 ǡ. ǀǣǮǳǬǠǫǞȸ ǎǞǢǞ ǑǨǮǞǦǫȴ

ǱǰǠǣǮǢǦǩǞ ǋǞǩǬǡǬǠȴǧ ǨǬǢǣǨǯ, ǨǬǰǬǮȴǧ ǥǞǪǣǫǦǩ ǅǞǨǬǫ

ǑǨǮǞǦǫȴ «ǌ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦǦ ǭǮǦǟȴǩǦ ǭǮǣǢǭǮǦȸǰǦǧ»

ǯ 1 ǞǭǮǣǩȸ 2011 ǡ. ǋǬǠȴǧ ǋǞǩǬǡǬǠȴǧ ǨǬǢǣǨǯ Ǡǫǣǯ ǥǫǞȰǦ-

ǰǣǩȵǫȴǣ ǦǥǪǣǫǣǫǦȸ Ǡ ǭǮǞǠǦǩǞ ǮǞǯȰǣǰǞ ǫǞǩǬǡǬǠǬǧ ǟǞǥȴ Ǧ

ǭǮǣǢǱǯǪǞǰǮǦǠǞǣǰ ǭǬǯǰǣǭǣǫǫǬǣ ǱǪǣǫȵȱǣǫǦǣ ǯǰǞǠǬǨ ǫǞǩǬ-

ǡǞ ǯ 25% ǢǬ 16% Ǡ ǰǣȰǣǫǦǣ ǫǣǯǨǬǩȵǨǦǳ ǭǬǯǩǣǢǱȷȲǦǳ ǩǣǰ. ǀ ǰǣȰǣǫǦǣ ǭǣǮǠǬǡǬ ǨǠǞǮǰǞǩǞ 2011 ǡ. ǫǞǩǬǡ ǫǞ ǭǮǦǟȴǩȵ Ǡ

ǑǨǮǞǦǫǣ ǠǥǦǪǞǩǯȸ ǯ ǠǞǩǬǠȴǳ ǢǬǳǬǢǬǠ ǥǞ ǠȴȰǣǰǬǪ ǠǞǩǬǠȴǳ

ǮǞǯǳǬǢǬǠ ǭǬ ǯǰǞǠǨǣ 25%. ǏǬ ǠǰǬǮǬǡǬ ǭǬ ȰǣǰǠǣǮǰȴǧ ǨǠǞǮ-

ǰǞǩ 2011 ǡ. ǫǞǩǬǡ ǫǞ ǭǮǦǟȴǩȵ Ǡ ǑǨǮǞǦǫǣ ǠǥǦǪǞǩǯȸ ǯ ǠǞǩǬ-

Ǡȴǳ ǢǬǳǬǢǬǠ ǥǞ ǠȴȰǣǰǬǪ ǠǞǩǬǠȴǳ ǮǞǯǳǬǢǬǠ ǭǬ ǯǰǞǠǨǣ 23%.

ǁǮǱǭǭǞ ǮǞǯǯȰǦǰǞǩǞ ǯǱǪǪǱ ǬǰǩǬǤǣǫǫǬǡǬ ǫǞǩǬǡǞ ǫǞ ǭǮǦ-

ǟȴǩȵ ǫǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǭǬ ǯǰǞǠǨǞǪ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ,

ǭǮǣǢǱǯǪǬǰǮǣǫǫȴǪ ǫǬǠȴǪ ǋǞǩǬǡǬǠȴǪ ǨǬǢǣǨǯǬǪ, ǨǬǰǬǮȴǣ

ǟǱǢǱǰ ǢǣǧǯǰǠǬǠǞǰȵ, ǨǬǡǢǞ ǬǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ

Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ, ǨǞǨ ǬǤǦǢǞǣǰǯȸ, ǟǱǢǱǰ ǦǯǭǬǩȵǥǬǠǞǫȴ.

ǏǬǯǰǞǠǩȸȷȲǦǣ ǮǞǯǳǬǢǬǠ ǭǬ ǫǞǩǬǡǱ ǫǞ ǭǮǦǟȴǩȵ ǥǞ ǡǬǢȴ,

ǥǞǨǬǫȰǦǠȱǦǣǯȸ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ., ǟȴǩǦ ǯǩǣǢǱ-

ȷȲǦǪǦ:

2011 ǡ. 2010 ǡ.

ǎǡǦǯȰǤǥ ǩǜǧǪǟ ǩǜ ǫǬǤǝȲǧȳ:

ǎǞǯǳǬǢȴ ǭǬ ǰǣǨǱȲǣǪǱ ǫǞǩǬǡǱ ǫǞ ǭǮǦǟȴǩȵ 1 004 635 1 400 636

ǊǮǧǪǢǡǩǩȲǥ ǩǜǧǪǟ ǩǜ ǫǬǤǝȲǧȳ:

ǏǠȸǥǞǫǫȴǧ ǯ ǠǬǥǫǦǨǫǬǠǣǫǦǣǪ Ǧ ǯǰǬǮǫǦǮǬǠǞǫǦǣǪ ǠǮǣǪǣǫǫȴǳ ǮǞǥǫǦȯ 371 479 (156 306)

ǎǞǯǳǬǢȴ ǭǬ ǫǞǩǬǡǱ ǫǞ ǭǮǦǟȴǩȵ 1 376 114 1 244 330



82

ǏǬǡǩǞǯǬǠǞǫǦǣ ǪǣǤǢǱ ǯǱǪǪǬǧ ǮǞǯǳǬǢǬǠ ǭǬ ǫǞǩǬǡǱ ǫǞ ǭǮǦǟȴǩȵ Ǧ ǯǱǪǪǬǧ ǟǱǳǡǞǩǰǣǮǯǨǬǧ ǭǮǦǟȴǩǦ, ǱǪǫǬǤǣǫǫǬǧ ǫǞ ǫǞǩǬ-

ǡǬǠǱȷ ǯǰǞǠǨǱ ǥǞ ǡǬǢȴ, ǥǞǨǬǫȰǦǠȱǦǣǯȸ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ., ȸǠǩȸǣǰǯȸ ǯǩǣǢǱȷȲǦǪ:

2011 ǡ. 2010 ǡ.

ǍǮǦǟȴǩȵ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ 5 643 644 4 922 210

ǋǞǩǬǡ ǫǞ ǭǮǦǟȴǩȵ ǭǬ ǲǞǨǰǦȰǣǯǨǬǧ ǯǰǞǠǨǣ (2011 ǡ.: ǢǬ 1 ǞǭǮǣǩȸ 2011 ǡ. –

25%, ǯ 1 ǞǭǮǣǩȸ 2011 ǡ. – 23%, 2010 ǡ.: 25%)1 319 595 1 230 553

ǂǬǳǬǢȴ, ǫǣ ǠǨǩȷȰǣǫǫȴǣ Ǡ ǯǬǯǰǞǠ ǠǞǩǬǠǬǡǬ ǢǬǳǬǢǞ ǭǮǦ ǬǭǮǣǢǣǩǣǫǦǦ

ǫǞǩǬǡǬǬǟǩǞǡǞǣǪǬǧ ǭǮǦǟȴǩǦ (5 619) (12 966)

ǎǞǯǳǬǢȴ, ǫǣ ǠǨǩȷȰǣǫǫȴǣ Ǡ ǯǬǯǰǞǠ ǠǞǩǬǠȴǳ ǮǞǯǳǬǢǬǠ ǭǮǦ ǬǭǮǣǢǣǩǣ-

ǫǦǦ ǫǞǩǬǡǬǬǟǩǞǡǞǣǪǬǧ ǭǮǦǟȴǩǦ 20 022 31 708

ǍǮǬȰǦǣ ǦǥǪǣǫǣǫǦȸ (ǭǣǮǣǬȯǣǫǨǞ ǠǮǣǪǣǫǫȴǳ ǮǞǥǫǦȯ, ǠǩǦȸǫǦǣ ǦǥǪǣ-

ǫǣǫǦǧ Ǡ ǭǮǞǠǦǩǞǳ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ, ǠǩǦȸǫǦǣ ǦǥǪǣǫǣǫǦǧ Ǡ ǯǰǞǠǨǞǳ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ)

42 116 (4 965)

1 376 114 1 244 330

ǌǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǬǰǫǬǯȸǰǯȸ Ǩ ǯǩǣǢǱȷȲǦǪ ǯǰǞǰȵȸǪ Ǡ 2011 ǡ.:

31 ǢǣǨǞǟǮȸ

2011 ǡ.

ǌǰǮǞǤǣǫǬ Ǡ

ǭǮǦǟȴǩȸǳ Ǧ

ǱǟȴǰǨǞǳ

ǌǰǮǞǤǣǫǬ Ǡ

ǯǬǯǰǞǠǣ ǯǬǟ-

ǯǰǠǣǫǫǬǡǬ

ǨǞǭǦǰǞǩǞ

31 ǢǣǨǞǟǮȸ

2010 ǡ.

ǊǮǧǪǢǡǩǩȲǡ ǩǜǧǪǟǪǞȲǡ ǪǝȶǣǜǮǡǧȳǭǮǞǜ:

ǌǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ (iii) 17 395 (2 990) - 20 385

ǍǮǣǢǬǭǩǞǰȴ (iii) 627 (16 012) - 16 639

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ (iv) 7 226 3 907 - 3 319

25 248 (15 095) - 40 343

ǊǮǧǪǢǡǩǩȲǡ ǩǜǧǪǟǪǞȲǡ ǜǦǮǤǞȲ:

ǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ (i) 104 715 (43 698) - 148 413

ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ (i) 27 907 (27 649) - 55 556

ǍǮǬȰǦǣ ǬǟǬǮǬǰǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ (iv) 121 146 (169 176) 137 026 153 296

ǍǮǬȰǦǣ ǰǣǨǱȲǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ (iv) 36 671 (525) - 37 196

ǀȴǭǩǞǰȴ ǮǞǟǬǰǫǦǨǞǪ (iii) 8 527 568 - 7 959

ƾǠǞǫǯȴ ǭǬǩǱȰǣǫǫȴǣ Ǧ ǬǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ (iii) 47 105 (164 674) - 211 779

ǅǞǭǞǯȴ (ii) 40 40 - -

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ (iii) 53 543 2 599 - 50 944

ǎǣǥǣǮǠȴ (iii) 4 747 (3 689) - 8 436

ǋǞǩǬǡǦ Ǩ ǱǭǩǞǰǣ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ (iii) - (2 704) - 2 704

ǍǮǬȰǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ 22 334 22 334 - -

426 735 (386 574) 137 026 676 283

ǓǤǭǮȲǥ ǪǮǧǪǢǡǩǩȲǥ ǩǜǧǪǟǪǞȲǥ ǜǦǮǤǞ 401 487 (371 479) 137 026 635 940



83

ǌǰǩǬǤǣǫǫȴǣ ǫǞǩǬǡǬǠȴǣ ǞǨǰǦǠȴ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǬǰǫǬǯȸǰǯȸ Ǩ ǯǩǣǢǱȷȲǦǪ ǯǰǞǰȵȸǪ Ǡ 2010 ǡ.:

31 ǢǣǨǞǟǮȸ

2010 ǡ.

ǌǰǮǞǤǣǫǬ Ǡ

ǭǮǦǟȴǩȸǳ Ǧ

ǱǟȴǰǨǞǳ

ǌǰǮǞǤǣǫǬ Ǡ

ǯǬǯǰǞǠǣ ǯǬǟ-

ǯǰǠǣǫǫǬǡǬ

ǨǞǭǦǰǞǩǞ

31 ǢǣǨǞǟǮȸ

2009 ǡ.

ǊǮǧǪǢǡǩǩȲǡ ǩǜǧǪǟǪǞȲǡ ǪǝȶǣǜǮǡǧȳǭǮǞǜ:

ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ (i) - (26 087) - 26 087

ǌǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ (iii) 20 385 907 - 19 478

ǍǮǣǢǬǭǩǞǰȴ (iii) 16 639 (330) - 16 969

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ (iv) 3 319 1 613 - 1 706

40 343 (23 897) - 64 240

ǊǮǧǪǢǡǩǩȲǡ ǩǜǧǪǟǪǞȲǡ ǜǦǮǤǞȲ:

ǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ (i) 148 413 22 578 - 125 835

ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ (i) 55 556 55 556 - -

ǍǮǬȰǦǣ ǬǟǬǮǬǰǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ (iv) 153 296 (19 198) 172 494 -

ǍǮǬȰǦǣ ǰǣǨǱȲǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ (iv) 37 196 34 887 - 2 309

ǀȴǭǩǞǰȴ ǮǞǟǬǰǫǦǨǞǪ (iii) 7 959 (3 573) - 11 532

ƾǠǞǫǯȴ ǭǬǩǱȰǣǫǫȴǣ Ǧ ǬǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ (iii) 211 779 24 101 - 187 678

ǅǞǭǞǯȴ (ii) - (2 979) - 2 979

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ (iii) 50 944 9 897 - 41 047

ǎǣǥǣǮǠȴ (iii) 8 436 8 436 - -

ǋǞǩǬǡǦ Ǩ ǱǭǩǞǰǣ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ (iii) 2 704 2 704 - -

676 283 132 409 172 494 371 380

ǓǤǭǮȲǥ ǪǮǧǪǢǡǩǩȲǥ ǩǜǧǪǟǪǞȲǥ ǜǦǮǤǞ 635 940 156 306 172 494 307 140

ǍǮǦǮǬǢǞ ǠǮǣǪǣǫǫȴǳ ǮǞǥǫǦȯ ȸǠǩȸǣǰǯȸ ǯǩǣǢǱȷȲǣǧ:

(i) ǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ ǫǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ – ǮǞǥ-

ǫǦȯȴ Ǡ ǪǣǰǬǢǞǳ ǫǞȰǦǯǩǣǫǦȸ ǦǥǫǬǯǞ Ǧ ǞǪǬǮǰǦǥǞȯǦǦ Ǧ ǪǣǰǬ-

ǢǞǳ ǬȯǣǫǨǦ ǬǯǰǞǠȱǣǡǬǯȸ ǯǮǬǨǞ ǭǬǩǣǥǫǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ,

ǮǞǥǫǦȯȴ Ǡ ǭǮǦǫȯǦǭǞǳ ǨǞǭǦǰǞǩǦǥǞȯǦǦ;

(ii) ǅǞǭǞǯȴ - ǮǞǥǫǦȯȴ Ǡ ǪǣǰǬǢǞǳ ǬȯǣǫǨǦ ǥǞǭǞǯǬǠ Ǧ ǭǣǮǦǬ-

ǢǞǳ ǭǮǦǥǫǞǫǦȸ;

(iii) ǍǬǩǱȰǣǫǫȴǣ ǞǠǞǫǯȴ Ǧ ǬǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ, ǭǮǣǢǬǭǩǞ-

ǰȴ Ǧ ǬǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ, ǠȴǭǩǞǰȴ ǮǞǟǬǰǫǦǨǞǪ, ǰǬǮǡǬǠǞȸ

Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ, ǮǣǥǣǮǠȴ, ǫǞǩǬǡǦ Ǩ

ǱǭǩǞǰǣ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ, ǭǮǬȰǦǣ ǬǟǬǮǬǰǫȴǣ ǲǦ-

ǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ – ǮǞǥǫǦȯȴ Ǡ ǭǣǮǦǬǢǞǳ ǭǮǦǥǫǞǫǦȸ;

(iv) ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ, ǭǮǬ-

ȰǦǣ ǬǟǬǮǬǰǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ Ǧ ǭǮǬȰǦǣ ǰǣǨǱȲǦǣ Ǭǟȸ-

ǥǞǰǣǩȵǯǰǠǞ – ǮǞǥǫǦȯȴ Ǡ ǭǮǦǫȯǦǭǞǳ ǬȯǣǫǨǦ Ǧ ǭǮǦǥǫǞǫǦȸ.

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǫǣ ǭǮǦǥǫǞǩǞ ǬǰǩǬǤǣǫ-

ǫȴǧ ǫǞǩǬǡǬǠȴǧ ǞǨǰǦǠ ǬǰǫǬǯǦǰǣǩȵǫǬ ǠǮǣǪǣǫǫȴǳ ǫǞǩǬǡǬ-

Ǡȴǳ ǮǞǥǫǦȯ Ǡ ǯǱǪǪǣ 52 955 ǰȴǯ. ǡǮǫ (2010 ǡ.: 50 502 ǰȴǯ.

ǡǮǫ), ǯǠȸǥǞǫǫȴǳ ǯ ǦǫǠǣǯǰǦȯǦǣǧ Ǡ ǂǍ «ǏǰǞǮǞǠǰǬ», ǭǬǯǨǬǩȵǨǱ

ǈǬǪǭǞǫǦȸ ǪǬǤǣǰ ǨǬǫǰǮǬǩǦǮǬǠǞǰȵ ǭǣǮǦǬǢ ǦǯǭǬǩȵǥǬǠǞǫǦȸ

ǰǞǨǦǳ ǠǮǣǪǣǫǫȴǳ ǮǞǥǫǦȯ.



84

10. ǌǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞǂǠǦǤǣǫǦǣ ǭǬ ǯǰǞǰȵȸǪ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ ǟȴǩǬ ǯǩǣǢǱȷȲǦǪ:

ǉǬǨǞǩȵǫȴǣ,

ǮǣǡǦǬǫǞǩȵ-

ǫȴǣ Ǧ ǪǞǡǦ-

ǯǰǮǞǩȵ-ǫȴǣ

ǯǣǰǦ

ǊǬǟǦǩȵ-

ǫǞȸ ǯǣǰȵ Ǧ

ǨǬǪǪǱǰǞ-

ǰǬǮȴ

ǎǞǢǦǬ-

ǬǟǬǮǱǢǬ-

ǠǞǫǦǣǅǢǞǫǦȸ ǅǣǪǩȸ

ƾǢǪǦ-

ǫǦǯǰǮǞ-

ǰǦǠǫȴǣ

ǞǨǰǦǠȴ

ǈǬǪǭǞǫǦǦ

ǋǣǥǞǠǣǮȱǣǫ-

ǫǬǣ ǯǰǮǬǦǰǣǩȵ-

ǯǰǠǬ, ǫǣǱǯǰǞ-

ǫǬǠǩǣǫǫǬǣ Ǧ

ǢǣǪǬǫǰǦǮǬǠǞǫ-

ǫǬǣ ǬǟǬǮǱǢǬ-

ǠǞǫǦǣ (ii)

ǆǰǬǡǬ

ǋǡǬǞǪǩǜȮǜǧȳǩǜȶ ǭǮǪǤǨǪǭǮȳ:

ǋǞ 1 ȸǫǠǞǮȸ 2010 ǡ. 772 124 5 314 851 2 482 445 949 592 104 004 671 057 1 311 294 11 605 367

ǍǬǯǰǱǭǩǣǫǦȸ 2 127 25 656 77 616 - 2 505 10 042 1 244 628 1 362 574

ǀȴǟȴǰǦȸ (1 230) (182 993) (18 738) (36 821) - (27 688) (93 050) (360 520)

ǀǫǱǰǮǣǫǫǦǣ ǭǣǮǣ-

ǪǣȲǣǫǦȸ, ǮǣǨǩǞǯǯǦ-

ǲǦ-ǨǞȯǦǦ Ǧ ǭǮǬȰǦǣ

ǦǥǪǣǫǣǫǦȸ (i)

49 440 635 342 139 726 361 693 - 76 628 (1 262 829) -

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. 822 461 5 792 856 2 681 049 1 274 464 106 509 730 039 1 200 043 12 607 421

ǍǬǯǰǱǭǩǣǫǦȸ 4 186 50 937 19 078 3 791 - 21 983 2 551 783 2 651 758

ǀȴǟȴǰǦȸ - (277 363) (306 022) (490) - (35 778) (24 329) (643 982)


ǪǣȲǣǫǦȸ, ǮǣǨǩǞǯ-ǯǦǲǦ-ǨǞȯǦǦ Ǧ ǭǮǬ-

ȰǦǣ ǦǥǪǣǫǣǫǦȸ (i)

96 948 1 262 697 431 489 182 427 2 155 955 (2 160 989) (31 471)

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 923 595 6 829 127 2 825 594 1 460 192 106 511 872 199 1 566 508 14 583 726

ǉǜǦǪǫǧǡǩǩǜȶ ǜǨǪǬǮǤǣǜȭǤȶ Ǥ ǯǝȲǮǦǤ ǪǮ ǯǨǡǩȳȯǡǩǤȶ ǫǪǧǡǣǩǪǭǮǤ:

ǋǞ 1 ȸǫǠǞǮȸ 2010 ǡ. 123 070 2 707 356 1 367 583 181 219 - 447 051 430 057 5 256 336

ǆǥǫǬǯ ǥǞ ǡǬǢ 39 510 702 017 326 954 84 428 - 129 766 64 128 1 346 803

ǑǪǣǫȵȱǣǫǦǣ ǭǬ-

ǩǣǥǫǬǯǰǦ (ǍǮǦǪǣ-

ȰǞǫǦǣ 8)

- - - - - - 3 414 3 414

ǀȴǟȴǰǦȸ (1 001) (120 486) (13 956) (28 388) - (19 048) (90 406) (273 285)


ǪǣȲǣǫǦȸ, ǮǣǨǩǞǯ-ǯǦǲǦ-ǨǞȯǦǦ Ǧ ǭǮǬ-

ȰǦǣ ǦǥǪǣǫǣǫǦȸ (i)

1 004 (27 774) (71 464) 2 844 - (31 614) 127 004 -

ǋǞ 31 ǢǣǨǞǟǮȸ

2010 ǡ. 162 583 3 261 113 1 609 117 240 103 - 526 155 534 197 6 333 268

ǆǥǫǬǯ ǥǞ ǡǬǢ 42 614 1 056 608 352 221 69 656 - 106 436 95 139 1 722 674

ǑǪǣǫȵȱǣǫǦǣ ǭǬ-

ǩǣǥǫǬǯǰǦ (ǍǮǦǪǣ-

ȰǞǫǦǣ 8)

- - - - - - 12 476 12 476

ǀȴǟȴǰǦȸ - (234 828) (290 711) (259) - (29 438) (24 329) (579 565)


ǪǣȲǣǫǦȸ, ǮǣǨǩǞǯǯǦ-

ǲǦ-ǨǞȯǦǦ Ǧ ǭǮǬȰǦǣ

ǦǥǪǣǫǣǫǦȸ (i)

(1) (80 713) 93 162 (517) - 20 424 (32 355) -

ǋǞ 31 ǢǣǨǞǟǮȸ

2011 ǡ. 205 196 4 002 180 1 763 789 308 983 - 623 577 585 128 7 488 853

ǊǭǮǜǮǪȮǩǜȶ ǭǮǪǤǨǪǭǮȳ:

ǋǞ 1 ȸǫǠǞǮȸ 2010 ǡ. 649 054 2 607 495 1 114 862 768 373 104 004 224 006 881 237 6 349 031

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. 659 878 2 531 743 1 071 932 1 034 361 106 509 203 884 665 846 6 274 153

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 718 399 2 826 947 1 061 805 1 151 209 106 511 248 622 981 380 7 094 873



85

(i) ǀǫǱǰǮǣǫǫǦǣ ǭǣǮǣǪǣȲǣǫǦȸ, ǮǣǨǩǞǯǯǦǲǦǨǞȯǦǦ

Ǧ ǭǮǬȰǦǣ ǦǥǪǣǫǣǫǦȸ Ǡ 2011 ǡ. ǠǨǩȷȰǞȷǰ ǦǥǪǣ-

ǫǣǫǦȸ Ǡ ǮǣǥǣǮǠǣ ǭǬǢ ǢǣǪǬǫǰǞǤ Ǡ ǯǱǪǪǣ 31 471

ǰȴǯ. ǡǮǫ. Ǡ ǮǣǥǱǩȵǰǞǰǣ ǭǣǮǣǯǪǬǰǮǞ ǱȰǣǰǫȴǳ Ǭȯǣ-

ǫǬǨ (Ǟ ǦǪǣǫǫǬ ǯǰǞǠǨǦ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ, ǯǰǞǠ-

ǨǦ ǦǫǲǩȸȯǦǦ Ǧ ǯǰǬǦǪǬǯǰǦ ǢǣǪǬǫǰǞǤǞ ǟǞǥǬǠȴǳ ǯǰǞǫȯǦǧ). ƿǬǩǣǣ ǢǣǰǞǩȵǫǞȸ ǦǫǲǬǮǪǞȯǦȸ ǭǮǣǢ-

ǯǰǞǠǩǣǫǞ Ǡ ǍǮǦǪǣȰǞǫǦǦ 6.

(ii) ǋǞȰǦǯǩǣǫǦǣ ǦǥǫǬǯǞ ǫǞ ǠǮǣǪǣǫǫǬ ǢǣǪǬǫ-

ǰǦǮǬǠǞǫǫǬǣ ǬǟǬǮǱǢǬǠǞǫǦǣ ǢǩǦǰǯȸ Ǡ ǰǣȰǣǫǦǣ

ǬǯǰǞǠȱǣǡǬǯȸ ǬǤǦǢǞǣǪǬǡǬ ǯǮǬǨǞ ǭǬǩǣǥǫǬǡǬ

ǦǯǭǬǩȵǥǬǠǞǫǦȸ.

11. ǋǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴǂǠǦǤǣǫǦǣ ǭǬ ǯǰǞǰȵȸǪ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ ǟȴǩǬ ǯǩǣǢǱȷȲǦǪ:

ǉǦȯǣǫǥǦǦǏǣǰǣǠǬǣ Ǧ ǟǦǩǩǦǫ-

ǡǬǠǬǣ ǭǮǬǡǮǞǪǪ-

ǫǬǣ ǬǟǣǯǭǣȰǣǫǦǣǆǰǬǡǬ

ǋǡǬǞǪǩǜȮǜǧȳǩǜȶ ǭǮǪǤǨǪǭǮȳ:

ǋǞ 1 ȸǫǠǞǮȸ 2010 ǡ. 411 746 2 564 446 2 976 192

ǍǬǯǰǱǭǩǣǫǦȸ 1 510 326 369 327 879

ǀȴǟȴǰǦȸ - (38 012) (38 012)

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. 413 256 2 852 803 3 266 059

ǍǬǯǰǱǭǩǣǫǦȸ 18 848 282 432 301 280

ǀȴǟȴǰǦȸ (114 003) (16 625) (130 628)

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 318 101 3 118 610 3 436 711

ǉǜǦǪǫǧǡǩǩǜȶ ǜǨǪǬǮǤǣǜȭǤȶ Ǥ ǯǝȲǮǦǤ ǪǮ ǯǨǡǩȳȯǡǩǤȶ ǫǪǧǡǣǩǪǭǮǤ:

ǋǞ 1 ȸǫǠǞǮȸ 2010 ǡ. 197 199 1 698 427 1 895 626

ƾǪǬǮǰǦǥǞȯǦǬǫǫȴǣ ǫǞȰǦǯǩǣǫǦȸ ǥǞ ǡǬǢ 42 734 391 932 434 666

ǀȴǟȴǰǦȸ - (35 094) (35 094)

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. 239 933 2 055 265 2 295 198

ƾǪǬǮǰǦǥǞȯǦǬǫǫȴǣ ǫǞȰǦǯǩǣǫǦȸ ǥǞ ǡǬǢ 37 085 349 749 386 834

ǀȴǟȴǰǦȸ (113 317) (15 504) (128 821)

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 163 701 2 389 510 2 553 211

ǊǭǮǜǮǪȮǩǜȶ ǭǮǪǤǨǪǭǮȳ:

ǋǞ 1 ȸǫǠǞǮȸ 2010 ǡ. 214 547 866 019 1 080 566

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. 173 323 797 538 970 861

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 154 400 729 100 883 500



86

ǋǞ 31 ǢǣǨǞǟǮȸ ǬǯǫǬǠǫȴǣ ǩǦȯǣǫǥǦǦ ǁǮǱǭǭȴ ǟȴǩǦ ǯǩǣǢǱȷȲǦǪǦ:

ȃ ǩǦȯǣǫǥǦǦ ǍǬǨǮȴǰǦǣ ǉǦȯǣǫǥǦȸ ǂǞǰǞ ǭǮǦǬǟ-

Ǯǣ-ǰǣǫǦȸǂǞǰǞ ǥǞǠǣǮ-

ȱǣǫǦȸ

ǌǯǰǞǰǬȰǫǞȸ

ǯǰǬǦǪǬǯǰȵ ǫǞ

31 ǢǣǨǞǟǮȸ

2011 ǡ.

ǌǯǰǞǰǬȰǫǞȸ

ǯǰǬǦǪǬǯǰȵ ǫǞ

31 ǢǣǨǞǟǮȸ

2010 ǡ.

ǋǣ ǭǮǦǪǣǫȸ-

ǣǰǯȸ ǀǫǱǰǮǣǫǫǣǣ

ǌǯǱȲǣǯǰǠǩǣǫǦǣ Ǣǣȸ-

ǰǣǩȵǫǬǯǰǦ ǫǞ ȰǞǯǰǬǰǣ

1800 Ǌǁȯ (GSM)

(i) 67 719 78 118 78 118


ǣǰǯȸ ǀǫǱǰǮǣǫǫǣǣ



900 Ǌǁȯ (GSM)

(ii) 15 269 18 519 18 519

ƾƾ ȃ 009503 ǀǫǱǰǮǣǫǫǣǣ



900 Ǌǁȯ (GSM) Ǧ 1800

Ǌǁȯ (GSM)

ƾǭǮǣǩȵ 2001 ǡ. ǌǨǰȸǟǮȵ 2011 ǡ. - 6 756

ǉǀ ȃ 593094 ǀǫǱǰǮǣǫǫǣǣ



900 Ǌǁȯ(GSM)

ǌǨǰȸǟǮȵ 2011 ǡ. ǌǨǰȸǟǮȵ 2026 ǡ. 9 078 -

ƾǀ ȃ 593093 ǀǫǱǰǮǣǫǫǣǣ



1800 Ǌǁȯ (GSM)

ǌǨǰȸǟǮȵ 2011 ǡ. ǌǨǰȸǟǮȵ 2026 ǡ. 9 078 -

ƾǁ ȃ 506983ǊǣǤǢǱǫǞ-

ǮǬǢǫǬǣ ǊǣǤǢǱǫǞǮǬǢǫǞȸ ǯǠȸǥȵ ƾǠǡǱǯǰ 2004 ǡ. ƾǠǡǱǯǰ 2019 ǡ. 4 588 5 187

ƾǁ ȃ 506984ǊǣǤǢǱǡǬǮǬǢ-

ǫǣǣ ǊǣǤǢǱǡǬǮǬǢǫȸȸ ǯǠȸǥȵ ƾǠǡǱǯǰ 2004 ǡ. ƾǠǡǱǯǰ 2019 ǡ. 4 684 5 295

ƾǁ ȃ 506986 ǁǬǮǬǢǯǨǬǣ ǒǦǨǯǦǮǬǠǞǫǫǞȸ Ǫǣǯǰ-ǫǞȸ ǰǣǩǣǲǬǫǫǞȸ ǯǠȸǥȵ ƾǠǡǱǯǰ 2010 ǡ. ƾǠǡǱǯǰ 2015 ǡ. 1 010 1 285


ǣǰǯȸ ǀǫǱǰǮǣǫǫǣǣ ǍǮǬȰǦǣ ǩǦȯǣǫǥǦǦ ǊǞǮǰ 2001 ǡ. ƾǭǮǣǩȵ 2026 ǡ. 42 974 58 163

154 400 173 323

(i) ǉǦȯǣǫǥǦǦ ǫǞ ǬǯǱȲǣǯǰǠǩǣǫǦǣ ǢǣȸǰǣǩȵǫǬǯǰǦ ǫǞ

ȰǞǯǰǬǰǣ 1800 Ǌǁȯ (GSM) ǠǨǩȷȰǞȷǰ ǫǣǯǨǬǩȵǨǬ ǩǦ-

ȯǣǫǥǦǧ, ǭǮǦǬǟǮǣǰǣǫǫȴǳ Ǡ ǭǣǮǦǬǢ ǯ ǲǣǠǮǞǩȸ 2001 ǡ. ǭǬ ȸǫǠǞǮȵ 2007 ǡ. ǏǮǬǨ ǢǣǧǯǰǠǦȸ ǢǞǫǫȴǳ ǩǦȯǣǫǥǦǧ

ǯǬǯǰǞǠǩȸǣǰ Ǭǰ 10 ǢǬ 15 ǩǣǰ.

(ii) ǉǦȯǣǫǥǦǦ ǫǞ ǬǯǱȲǣǯǰǠǩǣǫǦǣ ǢǣȸǰǣǩȵǫǬǯǰǦ ǫǞ

ȰǞǯǰǬǰǣ 900 Ǌǡȯ (GSM) ǠǨǩȷȰǞȷǰ ǫǣǯǨǬǩȵǨǬ ǩǦ-

ȯǣǫǥǦǧ, ǭǮǦǬǟǮǣǰǣǫǫȴǳ Ǡ ǭǣǮǦǬǢ ǯ Ǧȷǫȸ 1999 ǡ. ǭǬ

ǬǨǰȸǟǮȵ 2008 ǡ. ǏǮǬǨ ǢǣǧǯǰǠǦȸ ǢǞǫǫȴǳ ǩǦȯǣǫǥǦǧ

ǯǬǯǰǞǠǩȸǣǰ Ǭǰ 10 ǢǬ 15 ǩǣǰ.

ǀ ǬǨǰȸǟǮǣ 2011 ǡ. Ǳ ǈǬǪǭǞǫǦǦ ǥǞǨǬǫȰǦǩǯȸ ǯǮǬǨ Ǣǣǧ-

ǯǰǠǦȸ ǩǦȯǣǫǥǦǧ ǫǞ ǬǯǱȲǣǯǰǠǩǣǫǦǣ ǢǣȸǰǣǩȵǫǬǯǰǦ

ǫǞ ȰǞǯǰǬǰǞǳ 900 Ǌǁȯ (GSM) Ǧ 1800 Ǌǁȯ (GSM), Ǡȴ-

ǢǞǫǫȴǳ Ǡ 2001 ǡ. ǀ ǰǬ Ǥǣ ǠǮǣǪȸ ǈǬǪǭǞǫǦȸ ǭǬǩǱȰǦǩǞ

ǩǦȯǣǫǥǦǦ ǫǞ ǬǯǱȲǣǯǰǠǩǣǫǦǣ ǢǣȸǰǣǩȵǫǬǯǰǦ ǫǞ ȰǞ-

ǯǰǬǰǞǳ 900 Ǌǁȯ (GSM) Ǧ 1800 Ǌǁȯ (GSM) Ǡ ǑǨǮǞǦǫǣ

ǯǮǬǨǬǪ ǫǞ 15 ǩǣǰ.



87

12. ǍǮǬȰǦǣ ǫǣǬǟǬǮǬǰǫȴǣ ǞǨǰǦǠȴǋǞ 31 ǢǣǨǞǟǮȸ ǭǮǬȰǦǣ ǫǣǬǟǬǮǬǰǫȴǣ ǞǨǰǦǠȴ ǟȴǩǦ ǯǩǣǢǱȷȲǦǪǦ:

2011 ǡ. 2010 ǡ.

ƾǠǞǫǯǬǠȴǣ ǭǩǞǰǣǤǦ ǥǞ ǬǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ 37 668 30 047

ƾǠǞǫǯǬǠȴǣ ǭǩǞǰǣǤǦ ǥǞ ǫǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ 558 9 840

ǍǮǬȰǦǣ ǫǣǬǟǬǮǬǰǫȴǣ ǞǨǰǦǠȴ 6 399 4 606

44 625 44 493

13. ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵǋǞ 31 ǢǣǨǞǟǮȸ ǰǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǠǨǩȷȰǞǩǞ:

2011 ǡ. 2010 ǡ.

ǐǬǮǡǬǠǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǥǞ ǭǮǣǢǬǯǰǞǠǩǣǫǦǣ

ǱǯǩǱǡ ǯǬǣǢǦǫǣǫǦȸ Ǧ ǢǬǯǰǱǭǞ Ǩ ǯǣǰǦ 243 429 141 389

ǐǬǮǡǬǠǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǞǟǬǫǣǫǰǬǠ 108 246 102 590

ǐǬǮǡǬǠǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǥǞ ǮǬǱǪǦǫǡ 101 844 85 361

ǐǬǮǡǬǠǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǢǦǩǣǮǬǠ, ǥǞ ǨǞǮǰǬȰ-

ǨǦ ǭǬǭǬǩǫǣǫǦȸ ǯȰǣǰǬǠ Ǧ ǯǰǞǮǰǬǠȴǣ ǭǞǨǣǰȴ 90 150 35 630

ǍǮǬȯǣǫǰȴ Ǩ ǭǬǩǱȰǣǫǦȷ 4 760 7 933

ǐǬǮǡǬǠǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǢǦǩǣǮǬǠ, ǥǞ ǞǠǞǫǯȴ

ǨǬǫǰǮǞǨǰǫȴǳ ǞǟǬǫǣǫǰǬǠ 568 168

ǍǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ 16 941 21 545

565 938 394 616

ǎǣǥǣǮǠ ǭǬǢ ǱǪǣǫȵȱǣǫǦǣ ǭǬǩǣǥǫǬǯǰǦ (55 551) (74 063)

510 387 320 553

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ, ǥǞ ǠȴȰǣǰǬǪ ǮǣǥǣǮǠǞ ǭǬǢ ǱǪǣǫȵȱǣǫǦǣ ǭǬǩǣǥǫǬǯǰǦ, ǫǞ 31 ǢǣǨǞǟǮȸ ǟȴǩǞ

ǢǣǫǬǪǦǫǦǮǬǠǞǫǞ Ǡ ǯǩǣǢǱȷȲǦǳ ǠǞǩȷǰǞǳ:

2011 ǡ. 2010 ǡ.

ǁǮǦǠǫǞ 328 849 160 135

ǃǠǮǬ 114 318 103 463

ǂǬǩǩǞǮ Ǐǖƾ 67 220 56 955

510 387 320 553

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǰǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ȸǠǩȸǣǰǯȸ ǟǣǯǭǮǬȯǣǫǰǫǬǧ Ǧ ǭǬǡǞȱǞǣǰǯȸ Ǡ

ǳǬǢǣ ǬǟȴȰǫǬǧ ǳǬǥȸǧǯǰǠǣǫǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.



88

14. ǍǮǣǢǬǭǩǞǰȴǋǞ 31 ǢǣǨǞǟǮȸ ǭǮǣǢǬǭǩǞǰȴ ǟȴǩǦ ǢǣǫǬǪǦǫǦǮǬǠǞǫȴ Ǡ ǯǩǣǢǱȷȲǦǳ ǠǞǩȷǰǞǳ:

2011 ǡ. 2010 ǡ.

ǁǮǦǠǫǞ 110 122 74 597

ǃǠǮǬ 389 215

ǂǬǩǩǞǮ Ǐǖƾ 348 69

ǎǬǯǯǦǧǯǨǦǧ ǮǱǟǩȵ 12 21

110 871 74 902

15. ǏǬǡǩǞǯǬǠǞǫǦǣ ǮǣǥǣǮǠǬǠǏǬǡǩǞǯǬǠǞǫǦǣ ǦǥǪǣǫǣǫǦǧ Ǡ ǮǣǥǣǮǠǞǳ ȸǠǩȸǣǰǯȸ ǯǩǣǢǱȷȲǦǪ:

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ

ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩ-

ǤǣǫǫǬǯǰȵǍǮǣǢǬǭǩǞǰȴ ǄǮǪǟǪ

ǋǞ 1 ȸǫǠǞǮȸ 2010 ǡ. 76 854 516 77 370

ǋǞȰǦǯǩǣǫǬ ǥǞ ǡǬǢ 21 929 31 21 960

ǆǯǭǬǩȵǥǬǠǞǫǬ (23 680) - (23 680)

ǏǰǬǮǫǦǮǬǠǞǫǫȴǣ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫȴǣ

ǯǱǪǪȴ (1 040) - (1 040)

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. 74 063 547 74 610

ǋǞȰǦǯǩǣǫǬ ǥǞ ǡǬǢ 8 353 3 8 356

ǆǯǭǬǩȵǥǬǠǞǫǬ (17 940) (465) (18 405)

ǏǰǬǮǫǦǮǬǠǞǫǫȴǣ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫȴǣ

ǯǱǪǪȴ (8 925) (12) (8 937)

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 55 551 73 55 624

ǀ 2011 ǡ. ǯǰǬǮǫǦǮǬǠǞǫǫǞȸ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫǞȸ ǯǱǪǪǞ ǮǣǥǣǮ-

ǠǞ ǯǬǪǫǦǰǣǩȵǫǬǧ ǥǞǢǬǩǤǣǫǫǬǯǰǦ ǯǬǯǰǞǠǦǩǞ 581 ǰȴǯ. ǡǮǫ Ǧ

ǟȴǩǞ ǭǮǦǥǫǞǫǞ Ǡ ǯǬǯǰǞǠǣ ǭǮǬȰǦǳ ǢǬǳǬǢǬǠ (2010 ǡ.: ǱǟȴǰǨǦ

Ǡ ǯǱǪǪǣ 20 920 ǰȴǯ. ǡǮǫ ǟȴǩǦ ǭǮǦǥǫǞǫȴ Ǡ ǯǬǯǰǞǠǣ ǭǮǬȰǦǳ ǮǞǯǳǬǢǬǠ, ǟǬǩǣǣ ǢǣǰǞǩȵǫǞȸ ǦǫǲǬǮǪǞȯǦȸ ǭǮǣǢǯǰǞǠǩǣǫǞ Ǡ

ǍǮǦǪǣȰǞǫǦǦ 8).



89

ǂǠǦǤǣǫǦǣ ǭǬ ǯǰǞǰȵȸǪ ǬǰǩǬǤǣǫǫȴǳ ǮǞǯǳǬǢǬǠ ǫǞ ǭǬǢǨǩȷȰǣǫǦǣ ǟȴǩǬ ǯǩǣǢǱȷȲǦǪ:

2011 ǡ. 2010 ǡ.

ǋǞ 1 ȸǫǠǞǮȸ 80 928 68 052

ǌǰǩǬǤǣǫǬ Ǡ ǰǣȰǣǫǦǣ ǡǬǢǞ 50 782 43 907

ǍǮǦǥǫǞǫǬ Ǡ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ (40 921) (31 031)

ǋǞ 31 ǢǣǨǞǟǮȸ 90 789 80 928

17. ǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴǋǞ 31 ǢǣǨǞǟǮȸ ǢǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ ǠǨǩȷȰǞǩǦ:

2011 ǡ. 2010 ǡ.

ǈǮǞǰǨǬǯǮǬȰǫȴǣ ǢǣǭǬǥǦǰȴ 681 995 1 460 848

ǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǡ ǟǞǫǨǞǳ 210 787 134 182

ǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǡ ǨǞǯǯǣ 24 26

892 806 1 595 056

ǋǞ 31 ǢǣǨǞǟǮȸ ǢǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǡ ǟǞǫǨǞǳ Ǧ ǢǣǫǣǤǫȴǣǯǮǣǢǯǰǠǞ Ǡ ǨǞǯǯǣ ǟȴǩǦ ǢǣǫǬǪǦǫǦǮǬǠǞǫȴ Ǡ ǯǩǣǢǱȷȲǦǳ ǠǞǩȷǰǞǳ:

2011 ǡ. 2010 ǡ.

ǁǮǦǠǫȸ 205 128 124 437

ǃǠǮǬ 3 156 5 095

ǂǬǩǞǮ Ǐǖƾ 2 527 4 676

210 811 134 208

16. ǌǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴǋǞ 31 ǢǣǨǞǟǮȸ ǬǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ ǠǨǩȷȰǞǩǦ ǯǩǣǢǱȷȲǣǣ:

2011 ǡ. 2010 ǡ.ǌǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ ǫǞ ǭǬǢǨǩȷȰǣǫǦǣ (i) 90 789 80 928

ǌǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ ǫǞ ǯǰǞǮǰǬǠȴǣ ǭǞǨǣǰȴ Ǧ ǨǞǮ-

ǰǬȰǨǦ ǭǬǭǬǩǫǣǫǦȸ ǯȰǣǰǬǠ (ii) 15 422 11 655

106 211 92 583

(i) ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǬǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ ǫǞ

ǭǬǢǨǩȷȰǣǫǦǣ ǭǮǣǦǪǱȲǣǯǰǠǣǫǫǬ ǠǨǩȷȰǞǩǦ ǯǣǟǣǯǰǬǦǪǬǯǰȵ

ǯǰǞǮǰǬǠȴǳ ǭǞǨǣǰǬǠ Ǧ ǨǬǪǦǯǯǦǬǫǫǬǣ ǠǬǥǫǞǡǮǞǤǢǣǫǦǣ ǢǦ-

ǩǣǮǞǪ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ Ǩ ǯǣǰǦ ǫǬǠȴǳ ǞǟǬǫǣǫǰǬǠ.

(ii) ǌǰǩǬǤǣǫǫȴǣ ǮǞǯǳǬǢȴ ǫǞ ǯǰǞǮǰǬǠȴǣ ǭǞǨǣǰȴ Ǧ ǨǞǮǰǬȰǨǦ

ǭǬǭǬǩǫǣǫǦȸ ǯȰǣǰǬǠ ǠǨǩȷȰǞȷǰ ǮǞǯǳǬǢȴ ǫǞ ǯǰǞǮǰǬǠȴǣ ǭǞǨǣ-

ǰȴ Ǧ ǨǞǮǰǬȰǨǦ ǭǬǭǬǩǫǣǫǦȸ ǯȰǣǰǬǠ, ǮǣǞǩǦǥǬǠǞǫǫȴǣ ǢǦǩǣ-

ǮǞǪ, ǫǬ ǣȲǣ ǫǣ ǞǨǰǦǠǦǮǬǠǞǫǫȴǣ ǞǟǬǫǣǫǰǞǪǦ.



90

ǀ 2011 Ǧ 2010 ǡǡ. ǭǬ ǢǣǫǣǤǫȴǪ ǯǮǣǢǯǰǠǞǪ Ǡ ǟǞǫǨǞǳ ǫǞ-

ȰǦǯǩȸǩǦǯȵ ǭǮǬȯǣǫǰǫȴǣ ǢǬǳǬǢȴ ǭǬ ǲǦǨǯǦǮǬǠǞǫǫǬǧ ǯǰǞǠǨǣ,

ǨǬǰǬǮǞȸ ǨǬǩǣǟǞǩǞǯȵ Ǭǰ 0,25 % ǢǬ 2,00 % ǡǬǢǬǠȴǳ.

ǋǞ 31 ǢǣǨǞǟǮȸ ǨǩǞǯǯǦǲǦǨǞȯǦȸ ǨǮǞǰǨǬǯǮǬȰǫȴǳ ǢǣǭǬǥǦǰǬǠ

ǭǬ ǯǮǬǨǞǪ ǭǬǡǞȱǣǫǦȸ, ǠǞǩȷǰǞǪ Ǧ ǭǮǬȯǣǫǰǫȴǪ ǯǰǞǠǨǞǪ

ǟȴǩǞ ǯǩǣǢǱȷȲǣǧ:

18. ǑǯǰǞǠǫȴǧ ǨǞǭǦǰǞǩ УTUDFP^確 MDRLUDN

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǱǰǠǣǮǤǢǣǫǫȴǧ Ǧ ǭǬǩǫǬǯǰȵȷ ǬǭǩǞ-

Ȱǣǫǫȴǧ ǱǯǰǞǠǫȴǧ ǨǞǭǦǰǞǩ ǯǬǯǰǞǠǩȸǩ 17 687 389 ǭǮǬǯǰȴǳ ǞǨȯǦǧ (2010 ǡ.: 10 687 389 ǭǮǬǯǰȴǳ ǞǨȯǦǧ) ǫǬǪǦǫǞǩȵǫǬǧ

ǯǰǬǦǪǬǯǰȵȷ 50 ǡǮǫ ǨǞǤǢǞȸ. ƿǞǩǞǫǯǬǠǞȸ ǯǰǬǦǪǬǯǰȵ ǱǯǰǞǠ-

ǫǬǡǬ ǨǞǭǦǰǞǩǞ ǬǰǩǦȰǞǣǰǯȸ Ǭǰ ǮǞǥǪǣǮǞ ǱǯǰǞǠǫǬǡǬ ǨǞǭǦǰǞ-

ǩǞ, ǬȯǣǫǦǠǞǣǪǬǡǬ ǭǬ ǫǬǪǦǫǞǩȵǫǬǧ ǯǰǬǦǪǬǯǰǦ, ǫǞ ǯǱǪǪǱ

122 130 ǰȴǯ. ǡǮǫ, ǨǬǰǬǮǞȸ ǭǮǣǢǯǰǞǠǩȸǣǰ ǯǬǟǬǧ ǨǱǮǯǬǠǱȷ

ǮǞǥǫǦȯǱ, ǠǬǥǫǦǨȱǱȷ ǢǬ 1 ǪǞȸ 2004 ǡ., ǨǬǡǢǞ ǈǬǪǭǞǫǦȸ Ǧǥ-

ǪǣǫǦǩǞ ǯǠǬȷ ǲǱǫǨȯǦǬǫǞǩȵǫǱȷ ǠǞǩȷǰǱ ǯ ǢǬǩǩǞǮǞ Ǐǖƾ ǫǞ

ǡǮǦǠǫǱ.

СQETUFIPPÎ F^MVRNIPPÎ DMYLL L RSLTQIHLPIPLI ООО «СUQSO»

19 ǬǨǰȸǟǮȸ 2010 ǡ. ǞǨȯǦǬǫǣǮȴ ǈǬǪǭǞǫǦǦ ǭǮǦǫȸǩǦ Ǯǣȱǣ-

ǫǦǣ ǬǰǫǬǯǦǰǣǩȵǫǬ ǮǣǯǰǮǱǨǰǱǮǦǥǞȯǦǦ, ǯǬǡǩǞǯǫǬ ǨǬǰǬǮǬǪǱ

ǌǟȲǣǯǰǠǬ ǯ ǬǡǮǞǫǦȰǣǫǫǬǧ ǬǰǠǣǰǯǰǠǣǫǫǬǯǰȵȷ «ǏǰǬǮǪ»

(Ǡ ǢǞǩȵǫǣǧȱǣǪ – ǌǌǌ «ǏǰǬǮǪ»), ǬǢǦǫ Ǧǥ ǟȴǠȱǦǳ ǞǨȯǦǬǫǣ-

ǮǬǠ ǈǬǪǭǞǫǦǦ, ǢǬǩǤǫǬ ǟȴǰȵ ǭǮǦǯǬǣǢǦǫǣǫǬ Ǩ ǈǦǣǠǯǰǞǮǱ, Ǡ

ǮǣǥǱǩȵǰǞǰǣ ȰǣǡǬ ǌǌǌ «ǏǰǬǮǪ» ǭǮǣǨǮǞǰǦǰ ǯǱȲǣǯǰǠǬǠǞǫǦǣ Ǡ

ǨǞȰǣǯǰǠǣ ȷǮǦǢǦȰǣǯǨǬǡǬ ǩǦȯǞ.

21 ǬǨǰȸǟǮȸ 2010 ǡ. ǈǦǣǠǯǰǞǮ Ǧ ǌǌǌ «ǏǰǬǮǪ» ǥǞǨǩȷȰǦǩǦ ǯǬ-

ǡǩǞȱǣǫǦǣ Ǭ ǭǮǦǯǬǣǢǦǫǣǫǦǦ, ǯǬǡǩǞǯǫǬ ǨǬǰǬǮǬǪǱ ǌǌǌ «ǏǰǬǮǪ»

ǢǬǩǤǫǬ ǟȴǩǬ ǭǣǮǣǠǣǯǰǦ Ǡ ǭǬǩȵǥǱ ǈǦǣǠǯǰǞǮǞ Ǡǯǣ ǯǠǬǦ

ǞǨǰǦǠȴ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ, ǠǨǩȷȰǞȸ ǭǮǦǫǞǢǩǣǤǞȲǦǣ ǣǪǱ

ǞǨȯǦǦ ǈǬǪǭǞǫǦǦ. ǀ ǰǬ Ǥǣ ǠǮǣǪȸ, ǈǦǣǠǯǰǞǮ ǭǮǣǢǬǯǰǞǠǦǩ

ǭǦǯȵǪǣǫǫȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǬǰǫǬǯǦǰǣǩȵǫǬ ǠȴǭǱǯǨǞ ǢǬ-

ǭǬǩǫǦǰǣǩȵǫȴǳ 7 000 000 ǞǨȯǦǧ ǬǟȲǣǧ ǫǬǪǦǫǞǩȵǫǬǧ ǯǰǬǦ-

ǪǬǯǰȵȷ 350 000 ǡǮǫ Ǡ ǭǬǩȵǥǱ ǀȴǪǭǣǩǈǬǪ ǓǬǩǢǦǫǡǥ ƿ.ǀ. Ǧ

ǀȴǪǭǣǩǈǬǪ ǉǰǢ. Ǡ ǬǟǪǣǫ ǫǞ Ǧǳ ǢǬǩǦ Ǡ ǌǌǌ «ǏǰǬǮǪ».

ǏǬǡǩǞǯǫǬ ǱǨǞǥǞǫǫȴǪ ǮǣȱǣǫǦȸǪ, 18 ȸǫǠǞǮȸ 2011 ǡ. ǈǬǪǭǞ-

ǫǦȸ ǭǬǩǱȰǦǩǞ Ǡǯǣ ǦǪǱȲǣǯǰǠǣǫǫȴǣ ǭǮǞǠǞ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ

ǌǌǌ «ǏǰǬǮǪ», Ǡ ȰǞǯǰǫǬǯǰǦ (i) ǯǬǟǯǰǠǣǫǫȴǣ ǞǨȯǦǦ ǈǦǣǠǯǰǞ-

ǮǞ ǟǞǩǞǫǯǬǠǬǧ ǯǰǬǦǪǬǯǰȵȷ 370 398 ǰȴǯ. ǡǮǫ; (ii) ǫǣǮǞǯǭǮǣ-

ǢǣǩǣǫǫǱȷ ǭǮǦǟȴǩȵ ǌǌǌ «ǏǰǬǮǪ» Ǡ ǯǱǪǪǣ 20 880 ǰȴǯ. ǡǮǫ;

(iii) ǢǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǡ ǯǱǪǪǣ 590 ǰȴǯ. ǡǮǫ; (iv) ǬǯǫǬǠǫȴǣ

ǯǮǣǢǯǰǠǞ Ǡ ǯǱǪǪǣ 189 ǰȴǯ. ǡǮǫ.; (v) ǰǬǮǡǬǠǱȷ Ǧ ǭǮǬȰǱȷ Ǣǣ-

ǟǦǰǬǮǯǨǱȷ ǥǞǢǬǩǤǣǫǫǬǯǰȵ Ǡ ǯǱǪǪǣ 42 ǰȴǯ. ǡǮǫ.

7 Ǧȷǫȸ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǬǯǱȲǣǯǰǠǦǩǞ ǠȴǭǱǯǨ ǢǬǭǬǩǫǦ-

ǰǣǩȵǫȴǳ 7 000 000 ǭǮǬǯǰȴǳ ǞǨȯǦǧ ǬǟȲǣǧ ǫǬǪǦǫǞǩȵǫǬǧ

ǯǰǬǦǪǬǯǰȵȷ 350 000 ǰȴǯ. ǡǮǫ. ǂǞǫǫȴǣ ǢǬǭǬǩǫǦǰǣǩȵǫȴǣ

ǭǮǬǯǰȴǣ ǞǨȯǦǦ ǟȴǩǦ ǮǞǯǭǮǣǢǣǩǣǫȴ ǪǣǤǢǱ ǞǨȯǦǬǫǣǮǞǪǦ

ǌǌǌ «ǏǰǬǮǪ» (ǀȴǪǭǣǩǈǬǪ ǓǬǩǢǦǫǡǥ ƿ.ǀ. (ǋǦǢǣǮǩǞǫǢȴ) Ǧ

ǀȴǪǭǣǩǈǬǪ ǉǰǢ. (ƿǣǮǪǱǢǯǨǦǣ ǬǯǰǮǬǠǞ)) ǭǮǬǭǬǮȯǦǬǫǞǩȵǫǬ

Ǧǳ ǢǬǩȸǪ Ǡ ǌǌǌ «ǏǰǬǮǪ».

ОE]bFNIPPÎ HLFLHIPH^

ǀ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǬǟȳȸǠǦǩǞ ǢǦǠǦǢǣǫǢȴ Ǡ ǬǟȲǣǧ ǯǱǪǪǣ 3

846 877 ǰȴǯ. ǡǮǫ (295 ǡǮǫ ǫǞ ǞǨȯǦȷ) (2010 ǡ.: 765 216 ǰȴǯ.

ǡǮǫ (71,60 ǡǮǫ ǫǞ ǞǨȯǦȷ)). ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. Ǭǟȳ-

ȸǠǩǣǫǫȴǣ ǢǦǠǦǢǣǫǢȴ ǟȴǩǦ ǭǬǩǫǬǯǰȵȷ ǠȴǭǩǞȰǣǫȴ ǞǨȯǦǬ-

ǫǣǮǞǪ Ǡ ǢǣǫǣǤǫǬǧ ǲǬǮǪǣ, ǥǞ ǠȴȰǣǰǬǪ ǱǢǣǮǤǞǫǫǬǡǬ ǫǞǩǬǡǞ

ǫǞ ǢǬǳǬǢȴ ǫǣǮǣǥǦǢǣǫǰǬǠ.

ǀǞǩȷǰǞ ǏǮǬȰǫǬǯǰȵ ǁǬǢǬǠǞȸ ǭǮǬȯǣǫǰǫǞȸ ǯǰǞǠǨǞ 2011 ǡ. 2010 ǡ.ǁǮǦǠǫǞ 0-30 Ǣǫǣǧ 8-25% 110 000 125 000

31-60 Ǣǫǣǧ 8-21% 140 000 745 035

61-92 Ǣǫǣǧ 10-22% 145 000 330 000

395 000 1 200 035

ǂǬǩǩǞǮ Ǐǖƾ 31-60 Ǣǫǣǧ 5,5-6,5% - 54 936

61-92 Ǣǫǣǧ 5,5-7% 175 776 123 406

175 776 178 342

ǃǠǮǬ 31-60 Ǣǫǣǧ 3-10% - 82 471

61-92 Ǣǫǣǧ 4-6,75% 111 219 -

111 219 82 471

681 995 1 460 848



91

19. ǍǮǬȯǣǫǰǫȴǣ ǨǮǣǢǦǰȴ Ǧ ǥǞǧǪȴǋǞ 31 ǢǣǨǞǟǮȸ ǭǮǬȯǣǫǰǫȴǣ ǨǮǣǢǦǰȴ Ǧ ǥǞǧǪȴ ǠǨǩȷȰǞǩǦ ǯǩǣǢǱȷȲǣǣ:

2011 Ǯ. 2010 Ǯ.

ǍǮǬȯǣǫǰǫȴǣ ǥǞǧǪȴ Ǭǰ Commerzbank AG Bank

(Ǡ ǢǬǩǩǞǮǞǳ Ǐǖƾ, ǭǬ ǯǰǞǠǨǣ 7,75% ǡǬǢǬǠȴǳ, ǯǮǬǨ ǭǬǡǞȱǣǫǦȸ – 27 ǞǭǮǣǩȸ

2012 ǡ.) 51 223 51 043

ǋǞȰǦǯǩǣǫǫȴǣ ǭǮǬȯǣǫǰȴ 694 692

51 917 51 735

2011 ǡ. 2010 ǡ.

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ ǮǞǟǬǰǫǦǨǞǪ

ǭǬ ǬǨǬǫȰǞǫǦǦ ǰǮǱǢǬǠǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ 30 547 27 935

ǜǟǦǩǣǧǫȴǣ ǠȴǭǩǞǰȴ 19 337 16 893

49 884 44 828

ǊǦǫǱǯ: ǰǣǨǱȲǞȸ ȰǞǯǰȵ (9 011) (7 566)

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ – ǢǬǩǡǬǯǮǬȰ-

ǫǞȸ ȰǞǯǰȵ 40 873 37 262

20. ǌǟȸǥǞǰǣǩȵǯǰǠǞǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪǏǬǡǩǞǯǫǬ ǱǯǩǬǠǦȸǪ ǭǮǬǡǮǞǪǪȴ ǪǬǰǦǠǞȯǦǦ ǭǣǮǯǬǫǞǩǞ,

ǁǮǱǭǭǞ ǮǞǥǮǞǟǬǰǞǩǞ ǭǮǬǡǮǞǪǪǱ ǭǣǫǯǦǬǫǫȴǳ ǠȴǭǩǞǰ ǮǞ-

ǟǬǰǫǦǨǞǪ, ǨǬǰǬǮǞȸ ǬǳǠǞǰȴǠǞǣǰ ǭǮǞǨǰǦȰǣǯǨǦ Ǡǯǣǳ ǮǞǟǬǰ-

ǫǦǨǬǠ ǁǮǱǭǭȴ, ǢǬǯǰǦǡȱǦǳ ǭǣǫǯǦǬǫǫǬǡǬ ǠǬǥǮǞǯǰǞ Ǧ ǠȴȱǣǢ-

ȱǦǳ ǫǞ ǭǣǫǯǦȷ Ǧǥ ǨǬǪǭǞǫǦǧ ǁǮǱǭǭȴ. ǈǮǬǪǣ ǰǬǡǬ, ǁǮǱǭǭǞ

ǬǯǱȲǣǯǰǠǩȸǣǰ ȷǟǦǩǣǧǫȴǣ ǠȴǭǩǞǰȴ ǯǠǬǦǪ ǮǞǟǬǰǫǦǨǞǪ.

ǋǞ 31 ǢǣǨǞǟǮȸ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪ

ǟȴǩǦ ǯǩǣǢǱȷȲǦǪǦ:

23 ǫǬȸǟǮȸ 2010 ǡ. ǈǬǪǭǞǫǦȸ ǥǞǨǩȷȰǦǩǞ ǯǬǡǩǞȱǣǫǦǣ Ǭ

ǭǮǣǢǬǯǰǞǠǩǣǫǦǦ ǠǬǥǠǮǞǰǫǬǧ ǟǣǯǭǮǬȯǣǫǰǫǬǧ ǲǦǫǞǫǯǬǠǬǧ

ǭǬǪǬȲǦ Ǡ ǯǱǪǪǣ 4 000 000 ǰȴǯ. ǡǮǫ. ǭǮǣǢǭǮǦȸǰǦȷ, ǫǞǳǬ-

ǢȸȲǣǪǱǯȸ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ. ǏǬǡǩǞǯǫǬ ǰǮǣǟǬǠǞǫǦȸǪ

ǨǮǣǢǦǰǫǬǡǬ ǯǬǡǩǞȱǣǫǦȸ ǯ Commerzbank AG Bank, Ǣǩȸ Ǭǭǣ-

ǮǞȯǦǧ ǰǞǨǬǡǬ ǰǦǭǞ ǈǬǪǭǞǫǦȸ ǢǬǩǤǫǞȸ ǟȴǩǞ ǭǮǣǢǬǯǰǞǠǦǰȵ

Commerzbank AG Bank «ǥǞǨǩȷȰǣǫǦǣ Ǭ ǯǭǮǞǠǣǢǩǦǠǬǯǰǦ»

Ǭǰ ǞǱǢǦǰǬǮǯǨǬǧ ǲǦǮǪȴ, ǫǣǥǞǠǦǯǦǪǬǡǬ ǬȯǣǫȲǦǨǞ ǦǩǦ Ǧǫ-

ǠǣǯǰǦȯǦǬǫǫǬǡǬ ǟǞǫǨǞ ǪǣǤǢǱǫǞǮǬǢǫǬǡǬ ǱǮǬǠǫȸ. ǌǢǫǞǨǬ

ȶǰǬ ǰǮǣǟǬǠǞǫǦǣ ǫǣ ǟȴǩǬ ǠȴǭǬǩǫǣǫǬ. ǐǞǨǬǣ ǫǣǯǬǟǩȷǢǣǫǦǣ

ǱǯǩǬǠǦǧ ǨǮǣǢǦǰǫǬǧ ǯǢǣǩǨǦ ǭǮǣǢǬǯǰǞǠǩȸǣǰ Commerzbank

AG Bank ǭǮǞǠǬ, ǭǱǰǣǪ ǱǠǣǢǬǪǩǣǫǦȸ ǈǬǪǭǞǫǦǦ, ǰǮǣǟǬǠǞǰȵ

Ǡ ǩȷǟǬǣ ǠǮǣǪȸ ǱǯǨǬǮǣǫǫǬǡǬ ǦǩǦ ǫǣǪǣǢǩǣǫǫǬǡǬ ǭǬǡǞȱǣǫǦȸ

ǨǮǣǢǦǰǞ Ǧ ǫǞȰǦǯǩǣǫǫȴǳ ǭǮǬȯǣǫǰǬǠ. ǐǞǨǦǪ ǬǟǮǞǥǬǪ, ǨǮǣ-

ǢǦǰ ǟȴǩ ǨǩǞǯǯǦǲǦȯǦǮǬǠǞǫ ǨǞǨ ǨǮǞǰǨǬǯǮǬȰǫȴǧ ǫǞ 31 Ǣǣ-

ǨǞǟǮȸ 2010 ǡ., ǰǞǨ ǨǞǨ ǈǬǪǭǞǫǦȸ ǫǣ ǦǪǣǩǞ ǟǣǥǱǯǩǬǠǫǬǡǬ

ǭǮǞǠǞ ǬǰǩǬǤǦǰȵ ǮǞǯȰǣǰȴ ǭǬ ǨǮǣǢǦǰǱ ǭǬ Ǫǣǫȵȱǣǧ ǪǣǮǣ ǫǞ

ǢǠǣǫǞǢȯǞǰȵ ǪǣǯȸȯǣǠ.



92

ǋǬǪǟǬǜǨǨǜ ǭ ǰǤǦǭǤǬǪǞǜǩǩȲǨǤ ǞȲǫǧǜǮǜǨǤ ǬǜǝǪǮǩǤǦǜǨ ǫǪ ǪǦǪǩȮǜǩǤǤ ǮǬǯǠǪǞǪǥ

ǠǡȶǮǡǧȳǩǪǭǮǤǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 3 775 ǮǞǟǬǰǫǦǨǬǠ (2010 ǡ.: 3 675 ǮǞǟǬǰǫǦǨǬǠ) ǦǪǣǩǦ ǭǮǞǠǬ ǫǞ ǭǬǩǱȰǣǫǦǣ ǭǣǫǯǦǬǫǫȴǳ ǠȴǭǩǞǰ ǭǬ

ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ ǮǞǟǬǰǫǦǨǞǪ ǭǬ ǬǨǬǫȰǞǫǦǦ ǰǮǱǢǬǠǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ.

ǋǞ 31 ǢǣǨǞǟǮȸ ǦǥǪǣǫǣǫǦȸ Ǡ ǰǣǨǱȲǣǧ ǯǰǬǦǪǬǯǰǦ ǬǟȸǥǞǰǣǩȵǯǰǠ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ ǟȴǩǦ ǯǩǣ-

ǢǱȷȲǦǪǦ:

2011 ǡ. 2010 ǡ.

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ ǫǞ 1 ȸǫǠǞǮȸ 15 321 40 340

ǍǮǬȯǣǫǰǫȴǣ ǮǞǯǳǬǢȴ 784 3 275

ǏǰǬǦǪǬǯǰȵ ǰǣǨǱȲǦǳ ǱǯǩǱǡ 2 800 2 407

ǀȴǭǩǞȰǣǫǫȴǣ ǠǬǥǫǞǡǮǞǤǢǣǫǦȸ (25) (214)

ǍǮǦǟȴǩȵ Ǭǰ ǯǬǨǮǞȲǣǫǦȸ ǭǮǬǡǮǞǪǪȴ (367) -

ƾǨǰǱǞǮǫǞȸ ǭǮǦǟȴǩȵ ǥǞ ǡǬǢ (569) (30 487)

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ ǫǞ 31 ǢǣǨǞǟǮȸ 17 944 15 321

ǋǣǭǮǦǥǫǞǫǫǞȸ ǞǨǰǱǞǮǫǞȸ ǭǮǦǟȴǩȵ 12 603 12 614

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ ǫǞ 31 ǢǣǨǞǟǮȸ 30 547 27 935

ǈǩǞǯǯǦǲǦȯǦǮǬǠǞǫǬ ǨǞǨǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ – ǰǣǨǱȲǞȸ ȰǞǯǰȵ 6 090 4 650

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ – ǢǬǩǡǬǯǮǬȰǫǞȸ ȰǞǯǰȵ 24 457 23 285

ǎǞǯǳǬǢȴ ǭǬ ǠȴǭǩǞǰǞǪ 2011 Ǯ. 2010 Ǯ.

ǍǮǬȯǣǫǰǫȴǣ ǮǞǯǳǬǢȴ 784 3,275

ǏǰǬǦǪǬǯǰȵ ǰǣǨǱȲǦǳ ǱǯǩǱǡ 2 800 2,407

ǕǦǯǰȴǣ ǞǨǰǱǞǮǫȴǣ (ǭǮǦǟȴǩǦ) / ǱǟȴǰǨǦ, ǭǮǦǥǫǞǫǫȴǣ ǥǞ ǡǬǢ (580) 616

ǍǮǦǟȴǩȵ Ǭǰ ǯǬǨǮǞȲǣǫǦȸ ǭǮǬǡǮǞǪǪȴ (367) -

ǆǰǬǡǬ ǮǞǯǳǬǢȴ, ǬǰǮǞǤǣǫǫȴǣ Ǡ ǬǰȰǣǰǣ Ǭ ǯǬǠǬǨǱǭǫǬǪ ǢǬǳǬǢǣ 2 637 6,298

ǕǦǯǰȴǣ ǮǞǯǳǬǢȴ ǭǬ ǠȴǭǩǞǰǞǪ ǮǞǟǬǰǫǦǨǞǪ ǟȴǩǦ ǠǨǩȷȰǣǫȴ Ǡ ǯǰǞǰȵȷ «ǅǞǮǞǟǬǰǫǞȸ ǭǩǞǰǞ Ǧ ǮǞǯǳǬǢȴ ǫǞ ǭǣǮǯǬǫǞǩ», ǥǞ Ǧǯ-ǨǩȷȰǣǫǦǣǪ ǭǮǬȯǣǫǰǫȴǳ ǮǞǯǳǬǢǬǠ, ǠǨǩȷȰǣǫǫȴǳ Ǡ ǯǰǞǰȵȷ «ǒǦǫǞǫǯǬǠȴǣ ǮǞǯǳǬǢȴ».

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ 2011 ǡ. 2010 ǡ.

ǕǦǯǰǬǣ ǬǟȸǥǞǰǣǩȵǯǰǠǬ ǫǞ 1 ȸǫǠǞǮȸ 27 935 21 851

ǎǞǯǳǬǢȴ ǭǬ ǠȴǭǩǞǰǞǪ 2 637 6 298

ǀȴǭǩǞȰǣǫǫȴǣ ǠǬǥǫǞǡǮǞǤǢǣǫǦȸ (25) (214)

ǕǦǯǰǬǣ ǬǟȸǥǞǰǣǩȵǯǰǠǬ ǫǞ 31 ǢǣǨǞǟǮȸ 30 547 27 935

ǚǝǤǧǡǥǩȲǡ ǞȲǫǧǜǮȲǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 3 745 ǮǞǟǬǰǫǦǨǬǠ ǦǪǣǩǦ ǭǮǞǠǬ ǫǞ ǭǬǩǱȰǣǫǦǣ ȷǟǦǩǣǧǫȴǳ ǠȴǭǩǞǰ (2010 ǡ.: 3 496 ǮǞǟǬǰǫǦǨǬǠ).

2011 ǡ. 2010 ǡ.

ǐǣǨǱȲǞȸ ǯǰǬǦǪǬǯǰȵ ǫǣǬǟǣǯǭǣȰǣǫǫȴǳ ǬǟȸǥǞǰǣǩȵǯǰǠ 19 337 16 893

ǈǩǞǯǯǦǲǦȯǦǮǬǠǞǫǬ ǨǞǨ:

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǠȴǭǩǞǰǞǪ – ǰǣǨǱȲǞȸ ȰǞǯǰȵ 2 921 2 916

ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǠȴǭǩǞǰǞǪ – ǢǬǩǡǬǯǮǬȰǫǞȸ ȰǞǯǰȵ 16 416 13 977



93

ǌǯǫǬǠǫȴǣ ǭǮǣǢǭǬǩǬǤǣǫǦȸ, ǦǯǭǬǩȵǥǬǠǞǫǫȴǣ ǭǮǦ ǬǭǮǣǢǣǩǣǫǦǦ ǯǱǪǪȴ ǠȴǭǩǞǰ ǮǞǟǬǰǫǦǨǞǪ ǭǬ ǬǨǬǫȰǞǫǦǦ ǰǮǱǢǬǠǬǧ Ǣǣȸ-

ǰǣǩȵǫǬǯǰǦ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ ǠȴǭǩǞǰǞǪǦ, ǭǮǣǢǯǰǞǠǩǣǫȴ ǫǦǤǣ:

2011 ǡ. 2010 ǡ.

ǏǰǞǠǨǞ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ 5,12% 8,12%

ƿǱǢǱȲǣǣ ǭǬǠȴȱǣǫǦǣ ǯǱǪǪȴ ǠȴǭǩǞǰ 5,92% 6,99%

2011 ǡ. 2010 ǡ. 2009 ǡ. 2008 ǡ. 2007 ǡ.ǌǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǬǡǮǞǪǪǣ ǯ ǲǦǨǯǦǮǬǠǞǫǫȴǪǦ Ǡȴ-

ǭǩǞǰǞǪǦ ǫǞ 31 ǢǣǨǞǟǮȸ 17 944 15 321 40 340 12 634 13 856

ǈǬǮǮǣǨǰǦǮǬǠǞǫǦǣ ǯ ǱȰǣǰǬǪ ǬǭȴǰǞ ǭǮǬȱǩȴǳ ǭǣǮǦǬǢǬǠ (2 534) (5 226) (1 230) (549) 965

21. ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴǋǞ 31 ǢǣǨǞǟǮȸ ǬǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ ǠǨǩȷȰǞǩǦ ǯǩǣǢǱȷȲǣǣ:

2011 ǡ. 2010 ǡ.

ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ – ǢǦǩǣǮȴ Ǧ ǞǟǬǫǣǫǰȴ (i) 542 603 548 969

ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ Ǭǰ ǭǩǞǰȴ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ Ǧ ǮǞǥǬǠǬǧ ǭǩǞ-

ǰȴ ǥǞ ǭǬǢǭǦǯǨǱ ǫǞ ǱǯǩǱǡǦ (ii) 161 248 154 006

ǍǮǬǡǮǞǪǪȴ ǩǬȸǩȵǫǬǯǰǦ ǨǩǦǣǫǰǞ (iii) 38 036 33 684

741 887 736 659

ǂǠǦǤǣǫǦǣ ǭǬ ǯǰǞǰȵȸǪ ǬǰǩǬǤǣǫǫȴǳ ǢǬǳǬǢǬǠ Ǭǰ ǭǩǞǰȴ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ Ǧ ǭǩǞǰȴ ǥǞ ǭǬǢǭǦǯǨǱ ǫǞ ǱǯǩǱǡǦ ǟȴǩǬ ǯǩǣǢǱȷȲǦǪ:

2011 ǡ. 2010 ǡ.

ǋǞ 1 ȸǫǠǞǮȸ 154 006 134 231

ǌǰǩǬǤǣǫǬ Ǡ ǰǣȰǣǫǦǣ ǡǬǢǞ 183 145 102 446

ǍǮǦǥǫǞǫǬ Ǡ ǭǮǦǟȴǩȸǳ Ǧ ǱǟȴǰǨǞǳ (175 903) (82 671)

ǋǞ 31 ǢǣǨǞǟǮȸ 161 248 154 006

(i) ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ – ǢǦǩǣǮȴ - ǭǮǣǢǯǰǞǠǩȸȷǰ ǯǬǟǬǧ

ǬǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ Ǭǰ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫǬǡǬ ǠǮǣǪǣǫǦ ǫǞ

ǨǞǮǰǬȰǨǞǳ ǭǬǭǬǩǫǣǫǦȸ ǯȰǣǰǞ, ǨǬǰǬǮȴǣ ǟȴǩǦ ǮǣǞǩǦǥǬǠǞǫȴ

ǢǦǩǣǮǞǪ, ǫǬ ǣȲǣ ǫǣ ǟȴǩǦ ǞǨǰǦǠǦǮǬǠǞǫȴ ǞǟǬǫǣǫǰǞǪǦ. ǌǰ-ǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ – ǢǦǩǣǮȴ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǬǰȰǣǰǣ Ǭ ǲǦǫǞǫ-

ǯǬǠǬǪ ǯǬǯǰǬȸǫǦǦ ǢǬ ǰǣǳ ǭǬǮ, ǭǬǨǞ ǨǞǮǰǬȰǨǦ ǭǬǭǬǩǫǣǫǦȸ ǫǣ

ǟǱǢǱǰ ǞǨǰǦǠǦǮǬǠǞǫȴ ǞǟǬǫǣǫǰǞǪǦ ǦǩǦ ǢǬ ǦǯǰǣȰǣǫǦȸ ǯǮǬǨǞ

ǢǣǧǯǰǠǦȸ ǢǞǫǫȴǳ ǨǞǮǰǬȰǣǨ. ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ – ǞǟǬǫǣǫ-

ǰȴ - Ǡ ǬǯǫǬǠǫǬǪ ǭǮǣǢǯǰǞǠǩȸȷǰ ǯǬǟǬǧ ǬǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ

Ǭǰ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫǬǡǬ ǠǮǣǪǣǫǦ ǭǬ ǨǞǮǰǬȰǨǞǪ ǭǬǭǬǩǫǣǫǦȸ

ǯȰǣǰǞ, ǨǬǰǬǮȴǣ ǱǤǣ ǟȴǩǦ ǞǨǰǦǠǦǮǬǠǞǫȴ ǞǟǬǫǣǫǰǞǪǦ. ǌǰ-ǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ – ǞǟǬǫǣǫǰȴ ǭǮǦǥǫǞȷǰǯȸ Ǡ ǯǬǯǰǞǠǣ ǢǬ-

ǳǬǢǬǠ Ǡ ǬǰȰǣǰǣ Ǭ ǯǬǠǬǨǱǭǫǬǪ ǢǬǳǬǢǣ ǫǞ ǬǯǫǬǠǞǫǦǦ ǲǞǨ-

ǰǦȰǣǯǨǬǡǬ ǦǯǭǬǩȵǥǬǠǞǫǦȸ ǞǟǬǫǣǫǰǞǪǦ ȶǲǦǮǫǬǡǬ ǠǮǣǪǣǫǦ.

(ii) ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ Ǭǰ ǭǩǞǰȴ ǥǞ ǭǬǢǨǩȷȰǣǫǦǣ Ǧ ǮǞǥǬ-

ǠǬǧ ǭǩǞǰȴ ǥǞ ǭǬǢǭǦǯǨǱ ǫǞ ǱǯǩǱǡǦ – Ǡ ǬǯǫǬǠǫǬǪ ǠǨǩȷȰǞȷǰ ǭǩǞǰǱ ǥǞ ǭǣǮǠǬǫǞȰǞǩȵǫǱȷ ǮǣǡǦǯǰǮǞȯǦȷ ǞǟǬǫǣǫǰǞ Ǡ ǯǣǰǦ Ǧ

ǣǢǦǫǬǮǞǥǬǠǱȷ ǭǩǞǰǱ ǥǞ ǭǬǢǭǦǯǨǱ ǫǞ ǩȷǟȴǣ ǢǬǭǬǩǫǦǰǣǩȵ-

ǫȴǣ ǱǯǩǱǡǦ. ǌǰǩǬǤǣǫǫȴǣ ǢǬǳǬǢȴ Ǭǰ ǭǩǞǰȴ ǥǞ ǭǬǢǨǩȷȰǣ-

ǫǦǣ Ǧ ǮǞǥǬǠǬǧ ǭǩǞǰȴ ǥǞ ǭǬǢǭǦǯǨǱ ǫǞ ǱǯǩǱǡǦ ǭǮǦǥǫǞȷǰǯȸ Ǡ

ǬǰȰǣǰǣ Ǭ ǯǬǠǬǨǱǭǫǬǪ ǢǬǳǬǢǣ Ǡ ǰǣȰǣǫǦǣ ǭǣǮǦǬǢǬǠ, Ǡ ǨǬǰǬ-

Ǯȴǳ ȶǰǦ ǢǬǳǬǢȴ ǯǰǞǫǬǠȸǰǯȸ ǥǞǮǞǟǬǰǞǫǫȴǪǦ.

(iii) ǍǮǬǡǮǞǪǪȴ ǩǬȸǩȵǫǬǯǰǦ ǨǩǦǣǫǰǞ – ǭǮǣǢǯǰǞǠǩȸȷǰ ǯǬǟǬǧ

ǮǞǥǫȴǣ ǭǮǬǡǮǞǪǪȴ ǩǬȸǩȵǫǬǯǰǦ, ǮǞǥǮǞǟǬǰǞǫǫȴǣ ǈǬǪǭǞǫǦ-

ǣǧ, ǟǩǞǡǬǢǞǮȸ ǨǬǰǬǮȴǪ ǥǞǮǣǡǦǯǰǮǦǮǬǠǞǫǫȴǣ Ǡ ǭǮǬǡǮǞǪǪǣ

ǞǟǬǫǣǫǰȴ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ Ǧ ǱǯǩǱǡ ȱǦǮǬǨǬǭǬǩǬǯǫǬǡǬ Ǧǫ-

ǰǣǮǫǣǰǞ (FTTB) ǦǪǣȷǰ ǭǮǞǠǬ ǫǞ ǭǬǩǱȰǣǫǦǣ ǟǬǫǱǯǫȴǳ ǣǢǦ-

ǫǦȯ, ǨǬǰǬǮȴǣ Ǡ ǢǞǩȵǫǣǧȱǣǪ ǪǬǡǱǰ ǦǯǭǬǩȵǥǬǠǞǰȵǯȸ Ǡ ǨǞȰǣ-

ǯǰǠǣ ǯǨǦǢǨǦ ǫǞ ǬǯǱȲǣǯǰǠǩǣǫǦǣ ǥǠǬǫǨǬǠ, ǢǬǭǬǩǫǦǰǣǩȵǫȴǣ

ǱǯǩǱǡǦ ȱǦǮǬǨǬǭǬǩǬǯǫǬǡǬ ǦǫǰǣǮǫǣǰǞ (FTTB) ǦǩǦ ǭǮǦǬǟǮǣ-

ǰǣǫǦǣ ǪǬǟǦǩȵǫȴǳ ǰǣǩǣǲǬǫǬǠ.



94

22. ǎǣǥǣǮǠȴǂǠǦǤǣǫǦǣ ǭǬ ǯǰǞǰȵȸǪ ǮǣǥǣǮǠǬǠ ǟȴǩǬ ǯǩǣǢǱȷȲǦǪ:

ǎǣǥǣǮǠ ǭǬǢ

ǢǣǪǬǫǰǞǤǎǣǥǣǮǠ ǭǬǢ

ǯǱǢǣǟǫȴǣ ǢǣǩǞ

ǎǣǥǣǮǠ ǭǬǢǭǬǰǣǫȯǦǞǩȵǫȴǣ

ȱǰǮǞǲȴ

ǆǰǬǡǬ

ǋǞ 1 ȸǫǠǞǮȸ 2010 ǡ. - 5 382 9 284 14 666

ǋǞȰǦǯǩǣǫǬ Ǡ ǰǣȰǣǫǦǣ ǡǬǢǞ 52 727 6 708 - 59 435

ǆǯǭǬǩȵǥǬǠǞǫǬ - - - -

ǏǰǬǮǫǦǮǬǠǞǫǫȴǣ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫȴǣ ǯǱǪǪȴ - - (8 388) (8 388)

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. 52 727 12 090 896 65 713

ǋǞȰǦǯǩǣǫǬ Ǡ ǰǣȰǣǫǦǣ ǡǬǢǞ 5 715 448 95 6 258

ǆǯǭǬǩȵǥǬǠǞǫǬ (758) - - (758)

ǏǰǬǮǫǦǮǬǠǞǫǫȴǣ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫȴǣ ǯǱǪǪȴ - (10 866) (896) (11 762)

ǆǥǪǣǫǣǫǦȸ Ǡ ǱȰǣǰǫȴǳ ǬȯǣǫǨǞǳ (31 471) - - (31 471)

ǆǥǪǣǫǣǫǦǣ ǯǰǞǠǨǦ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ 3 459 - - 3 459

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǯ. 29 672 1 672 95 31 439

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. 52 727 12 090 896 65 713

ǈǮǞǰǨǬǯǮǬȰǫȴǣ ǮǣǥǣǮǠȴ - 12 090 896 12 986

ǂǬǩǡǬǯǮǬȰǫȴǣ ǮǣǥǣǮǠȴ 52 727 - - 52 727

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. 29 672 1 672 95 31 439

ǈǮǞǰǨǬǯǮǬȰǫȴǣ ǮǣǥǣǮǠȴ - 1 672 95 1 767

ǂǬǩǡǬǯǮǬȰǫȴǣ ǮǣǥǣǮǠȴ 29 672 - - 29 672

РIKISF RQH TVHIEPÎ HIND

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǭǮǦǥǫǞǩǞ ǮǣǥǣǮǠ Ǡ ǯǱǪǪǣ

1 672 ǰȴǯ. ǡǮǫ ǬǰǫǬǯǦǰǣǩȵǫǬ ǯǱǢǣǟǫǬǡǬ ǮǞǥǟǦǮǞǰǣǩȵǯǰǠǞ

ǭǮǬǰǦǠ ǈǬǪǭǞǫǦǦ, ǠǬǥǟǱǤǢǣǫǫǬǡǬ ǣǣ ǨǬǫǰǮǞǡǣǫǰǬǪ ǬǰǫǬ-

ǯǦǰǣǩȵǫǬ ǱǯǩǱǡ, ǭǮǣǢǬǯǰǞǠǩǣǫǫȴǳ ǨǬǫǰǮǞǡǣǫǰǬǪ, ǫǬ ǫǣ ǭǮǦ-

ǫȸǰȴǳ ǈǬǪǭǞǫǦǣǧ. ǎǱǨǬǠǬǢǯǰǠǬ ǯȰǦǰǞǣǰ, ȰǰǬ ǮǦǯǨ ǭǮǬǦǡǮȴ-

ȱǞ ǢǞǫǫǬǡǬ ǢǣǩǞ ȸǠǩȸǣǰǯȸ ǠǣǮǬȸǰǫȴǪ.

РIKISF RQH RQUIPYLDN_PÎ [USDW^

ǋǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ. ǁǮǱǭǭǞ ǭǮǦǥǫǞǩǞ ǮǣǥǣǮǠ Ǡ ǯǱǪǪǣ

896 ǰȴǯ. ǡǮǫ ǬǰǫǬǯǦǰǣǩȵǫǬ ǭǬǰǣǫȯǦǞǩȵǫȴǳ ȱǰǮǞǲǬǠ, ǨǬ-

ǰǬǮȴǣ ǪǬǡǱǰ ǠǬǥǫǦǨǫǱǰȵ ǠǯǩǣǢǯǰǠǦǣ ǱǭǩǞǰȴ ǋǂǏ ǭǬǯǰǞǠ-

ȲǦǨǞǪ ǭǬ ǯǰǞǠǨǣ 20% ǭǮǦ ǭǮǦǬǟǮǣǰǣǫǦǦ ǰǬǠǞǮǬǠ Ǧ ǱǯǩǱǡ. ǁǮǱǭǭǞ ǭǣǮǣǯǪǬǰǮǣǩǞ ǯǠǬǦ ǬȯǣǫǨǦ ǬǰǫǬǯǦǰǣǩȵǫǬ ǮǦǯǨǞ Ǧǯ-ǳǬǢȸ Ǧǥ ǦǫǲǬǮǪǞȯǦǦ, ǦǪǣȷȲǣǧǯȸ ǫǞ 31 ǢǣǨǞǟǮȸ 2010 ǡ., Ǧ

ǱǪǣǫȵȱǦǩǞ ǮǣǥǣǮǠ ǢǬ 95 ǰȴǯ. ǡǮǫ.

РIKISF RQH HIOQPUDJ

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǁǮǱǭǭǞ ǭǮǦǥǫǞǩǞ ǮǣǥǣǮǠ Ǡ ǯǱǪǪǣ

29 672 ǰȴǯ. ǡǮǫ (2010 ǡ.: 52 727 ǰȴǯ. ǡǮǫ) ǭǬǢ ǬǟȸǥǞǰǣǩȵ-

ǯǰǠǞ ǭǬ ǱȰǣǰǱ ǠȴǟȴǰǦȸ ǞǨǰǦǠǬǠ ǬǰǫǬǯǦǰǣǩȵǫǬ ǟǱǢǱȲǦǳ ǮǞǯǳǬǢǬǠ ǫǞ ǢǣǪǬǫǰǞǤ, ǯǠȸǥǞǫǫȴǳ ǯ ǣǣ ǯǣǰǣǠȴǪ ǬǟǬǮǱ-

ǢǬǠǞǫǦǣǪ, ǱǯǰǞǫǬǠǩǣǫǫȴǪ ǫǞ ǞǮǣǫǢǬǠǞǫǫȴǳ ǱȰǞǯǰǨǞǳ.

ƿǬǩǣǣ ǢǣǰǞǩȵǫǞȸ ǦǫǲǬǮǪǞȯǦȸ ǬǰǫǬǯǦǰǣǩȵǫǬ ǦǥǪǣǫǣǫǦǧ Ǡ

ǱȰǣǰǫȴǳ ǬȯǣǫǨǞǳ, ǬǯǱȲǣǯǰǠǩǣǫǫȴǳ ǈǬǪǭǞǫǦǣǧ, ǭǮǣǢǯǰǞǠ-

ǩǣǫǞ Ǡ ǍǮǦǪǣȰǞǫǦǦ 6.



95

23.ǋǞǩǬǡǦ Ǩ ǱǭǩǞǰǣ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵǋǞ 31 ǢǣǨǞǟǮȸ ǫǞǩǬǡǦ Ǩ ǱǭǩǞǰǣ, ǨǮǬǪǣ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ, ǠǨǩȷȰǞǩǦ ǯǩǣǢǱȷȲǣǣ:

2011 Ǯ. 2010 Ǯ.

ǋǂǏ Ǩ ǱǭǩǞǰǣ 62 122 110 287

ǌǰȰǦǯǩǣǫǦȸ Ǡ ǍǣǫǯǦǬǫǫȴǧ ǲǬǫǢ ǥǞ ǱǯǩǱǡǦ ǪǬǟǦǩȵǫǬǧ ǯǠȸǥǦ 25 210 24 133

ǋǞǩǬǡǦ, ǫǞȰǦǯǩȸǣǪȴǣ ǫǞ ǥǞǮǞǟǬǰǫǱȷ ǭǩǞǰǱ, Ǩ ǱǭǩǞǰǣ 8 255 -

ǍǩǞǰǞ ǥǞ ǭǬǩȵǥǬǠǞǫǦǣ ȰǞǯǰǬǰǞǪǦ 31 11 878

ǍǮǬȰǦǣ ǫǞǩǬǡǦ 127 663

95 745 146 961

24. ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵǋǞ 31 ǢǣǨǞǟǮȸ ǰǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǠǨǩȷȰǞǩǞ ǯǩǣǢǱȷȲǣǣ:

2011 Ǯ. 2010 Ǯ.

ǌǟǬǮǱǢǬǠǞǫǦǣ Ǧ ǯǰǮǬǦǰǣǩȵǫȴǣ ǮǞǟǬǰȴ 337 641 53 413

ǈǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǥǞ ǮǬǱǪǦǫǡ 238 844 206 053

ǐǣǳǫǦȰǣǯǨǬǣ ǬǟǯǩǱǤǦǠǞǫǦǣ 82 832 70 189

ǎǣǨǩǞǪǞ Ǧ ǭǮǬǢǠǦǤǣǫǦǣ 46 570 13 824

ǍǩǞǰǞ ǥǞ ǯǬǣǢǦǫǣǫǦǣ 35 803 29 336

ǍǮǬǡǮǞǪǪǫǬǣ ǬǟǣǯǭǣȰǣǫǦǣ 27 603 3 043

ǑǯǩǱǡǦ ǭǬ ǭǮǣǢǬǯǰǞǠǩǣǫǦȷ ǨǬǫǰǣǫǰǞ 25 262 26 280

ǈǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǮǞǟǬǰǫǦǨǞǪ 21 510 -

ǅǞǭǞǯȴ 17 969 21 490

ǂǦǩǣǮȴ 16 089 22 700

ǍǮǬǲǣǯǯǦǬǫǞǩȵǫȴǣ ǱǯǩǱǡǦ 13 654 14 726

ƾǮǣǫǢǞ 12 047 7 518

ǍǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ 28 185 11 716

904 009 480 288

ǋǞ 31 ǢǣǨǞǟǮȸ ǰǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǟȴǩǞ ǢǣǫǬǪǦǫǦǮǬǠǞǫǞ Ǡ ǯǩǣǢǱȷȲǦǳ ǠǞǩȷǰǞǳ:

2011 ǡ. 2010 ǡ.

ǁǮǦǠǫǞ 631 779 230 236

ǃǠǮǬ 182 215 153 948

ǂǬǩǩǞǮ Ǐǖƾ 86 732 94 068

ǎǬǯǯǦǧǯǨǦǧ ǮǱǟǩȵ 3 283 2 036

904 009 480 288

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǰǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ȸǠǩȸǣǰǯȸ ǟǣǯǭǮǬȯǣǫǰǫǬǧ Ǧ ǭǬǡǞȱǞǣǰǯȸ Ǡ

ǳǬǢǣ ǬǟȴȰǫǬǧ ǳǬǥȸǧǯǰǠǣǫǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ.



96

25. ƾǠǞǫǯȴ ǭǬǩǱȰǣǫǫȴǣǋǞ 31 ǢǣǨǞǟǮȸ ǞǠǞǫǯȴ ǭǬǩǱȰǣǫǫȴǣ ǠǨǩȷȰǞǩǦ ǯǩǣǢǱȷȲǣǣ:

2011 ǡ. 2010 ǡ.

ƾǠǞǫǯȴ, ǭǬǩǱȰǣǫǫȴǣ Ǭǰ ǞǟǬǫǣǫǰǬǠ 120 001 106 657

ƾǠǞǫǯȴ, ǭǬǩǱȰǣǫǫȴǣ Ǭǰ ǭǞǮǰǫǣǮǬǠ 26 940 23 407

ƾǠǞǫǯȴ, ǭǬǩǱȰǣǫǫȴǣ Ǭǰ ǢǦǩǣǮǬǠ 1 852 5 650

ǍǮǬȰǦǣ ǞǠǞǫǯȴ ǭǬǩǱȰǣǫǫȴǣ 17 493

148 810 136 207

ǋǞ 31 ǢǣǨǞǟǮȸ ǞǠǞǫǯȴ ǭǬǩǱȰǣǫǫȴǣ ǟȴǩǦ ǢǣǫǬǪǦǫǦǮǬǠǞǫȴ Ǡ ǯǩǣǢǱȷȲǦǳ ǠǞǩȷǰǞǳ:

2011 ǡ. 2010 ǡ.

ǁǮǦǠǫǞ 148 554 135 729

ǂǬǩǩǞǮ Ǐǖƾ 256 478

148 810 136 207

26. ǍǮǬȰǦǣ ǰǣǨǱȲǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞǋǞ 31 ǢǣǨǞǟǮȸ ǭǮǬȰǦǣ ǰǣǨǱȲǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǠǨǩȷȰǞǩǦ ǯǩǣǢǱȷȲǣǣ:

2011 ǡ. 2010 ǡ.

ƿǬǫǱǯȴ, ǫǞȰǦǯǩǣǫǫȴǣ ǮǞǟǬǰǫǦǨǞǪ 132 500 123 219

ǋǞȰǦǯǩǣǫǦȸ ǭǬ ǫǣǦǯǭǬǩȵǥǬǠǞǫǫȴǪ ǬǰǭǱǯǨǞǪ 44 468 37 879

ǋǞȰǦǯǩǣǫǦȸ Ǣǩȸ ǟǱǢǱȲǦǳ ǮǞǯȰǣǰǬǠ ǯ ǢǦǩǣǮǞǪǦ 270 347

ǍǮǬȰǣǣ 207 20

177 445 161 465

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǭǮǬȰǦǣ ǰǣǨǱȲǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ȸǠǩȸȷǰǯȸ ǟǣǯǭǮǬȯǣǫǰǫȴǪǦ Ǧ ǢǣǫǬǪǦǫǦǮǬǠǞǫȴ Ǡ ǡǮǦǠǫǞǳ.



97

27. ǌǭǣǮǞȯǦǦ ǯǬ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦǌǭǣǮǞȯǦǦ ǁǮǱǭǭȴ ǯǬ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ ǥǞ ǡǬǢȴ, ǥǞǨǬǫȰǦǠȱǦǣǯȸ 31 ǢǣǨǞǟǮȸ, ǠǨǩȷȰǞǩǦ:

2011 ǡ. ǂǬǳǬǢȴ

ǏǰǬǦǪǬǯǰȵ

ǪǞǰǣǮǦǞǩǬǠ Ǧ

ǰǮǞǲǦǨǞ

ǅǞǮǞǟǬǰ-ǫǞȸ ǭǩǞǰǞ Ǧ

ǮǞǯǳǬǢȴ ǫǞ

ǭǣǮǯǬǫǞǩ

ǍǮǬȰǦǣ

ǬǭǮǞȯǦǬǫǫȴǣ

ǮǞǯǳǬǢȴ

ǒǦǫǞǫǯǬǠȴǣ

ǢǬǳǬǢȴ

ǍǮǦǬǟǮǣǰǣǫǦǣ

ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǧ

ǫǣǪǞǰǣǮǦǞǩȵ-

ǫȴǳ ǞǨǰǦǠǬǠ

ǀȴǪǭǣǩǈǬǪ ǉǰǢ. - - - 22 439 - -

ǈǬǪǭǞǫǦǦ ǭǬǢ ǬǟȲǦǪ

ǨǬǫǰǮǬǩǣǪ 892 437 282 889 - 64 518 719 737 782 701

ǍǮǬȰǦǣ ǯǠȸǥǞǫǫȴǣ

ǯǰǬǮǬǫȴ 86 897 10 912 - 1 369 56 875 -

ǈǩȷȰǣǠǬǧ ǱǭǮǞǠǩǣǫȰǣ-

ǯǨǦǧ ǭǣǮǯǬǫǞǩ ǁǮǱǭǭȴ - - 67 503 - - -

979 334 293 801 67 503 88 326 776 612 782 701

2010 ǡ. ǂǬǳǬǢȴ

ǏǰǬǦǪǬǯǰȵ

ǪǞǰǣǮǦǞǩǬǠ Ǧ

ǰǮǞǲǦǨǞ

ǅǞǮǞǟǬǰ-ǫǞȸ ǭǩǞǰǞ Ǧ

ǮǞǯǳǬǢȴ ǫǞ

ǭǣǮǯǬǫǞǩ

ǍǮǬȰǦǣ

ǬǭǮǞȯǦǬǫǫȴǣ

ǮǞǯǳǬǢȴ

ǒǦǫǞǫǯǬǠȴǣ

ǢǬǳǬǢȴ

ǍǮǦǬǟǮǣǰǣǫǦǣ

ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ


ǨǬǫǰǮǬǩǣǪ 615 448 177 436 - 488 76 790 36 199


ǯǰǬǮǬǫȴ 341 883 360 152 - 79 006 69 215 -

ǈǩȷȰǣǠǬǧ ǱǭǮǞǠǩǣǫȰǣ-

ǯǨǦǧ ǭǣǮǯǬǫǞǩ ǁǮǱǭǭȴ - - 75 712 - - -

957 331 537 588 75 712 79 494 146 005 36 199

ǌǯǰǞǰǨǦ, ǭǬǢǩǣǤǞȲǦǣ ǱǭǩǞǰǣ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ ǫǞ 31 ǢǣǨǞǟǮȸ, ǯǬǯǰǞǠǩȸǩǦ:

2011 ǡ.ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬ-

ȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ

ǥǞǢǬǩǤǣǫǫǬǯǰȵ

ǂǣǫǣǤǫȴǣ

ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ

ǍǮǬȰǦǣ ǬǟǬǮǬǰ-ǫȴǣ ǲǦǫǞǫǯǬǠȴǣ

ǞǨǰǦǠȴǆǰǬǡǬ


ǨǬǫǰǮǬǩǣǪ 165 969 - 2 627 116 2 793 085


ǯǰǬǮǬǫȴ 17 580 220 154 - 237 734

183 549 220 154 2 627 116 3 030 819

2010 ǡ.ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬ-

ȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ

ǥǞǢǬǩǤǣǫǫǬǯǰȵ

ǍǮǣǢǬǭǩǞǰȴ

ǂǣǫǣǤǫȴǣ

ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ

ǍǮǬȰǦǣ ǬǟǬǮǬǰ-ǫȴǣ ǲǦǫǞǫǯǬǠȴǣ

ǞǨǰǦǠȴǆǰǬǡǬ


ǨǬǫǰǮǬǩǣǪ 50 778 416 - 3 349 309 3 400 503


ǯǰǬǮǬǫȴ 11 846 3 435 368 850 - 384 131

62 624 3 851 368 850 3 349 309 3 784 634



98

ǌǯǰǞǰǨǦ, ǭǬǢǩǣǤǞȲǦǣ ǱǭǩǞǰǣ ǯǠȸǥǞǫǫȴǪ ǯǰǬǮǬǫǞǪ ǫǞ 31 ǢǣǨǞǟǮȸ, ǯǬǯǰǞǠǩȸǩǦ:

2011 ǡ.

ǀȴǪǭǣǩǈǬǪ ǉǰǢ. 6 965

ǈǬǪǭǞǫǦǦ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ 98 192

ǍǮǬȰǦǣ ǯǠȸǥǞǫǫȴǣ ǯǰǬǮǬǫȴ 6 167

111 324

2010 ǡ.

ǈǬǪǭǞǫǦǦ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ 80 497

ǍǮǬȰǦǣ ǯǠȸǥǞǫǫȴǣ ǯǰǬǮǬǫȴ 24 960

105 457

УTNQFLb QRISDYL確 TQ TFbKDPPÔL TUQSQPDOL

ǌǯǰǞǰǨǦ ǭǬ ǮǞǯȰǣǰǞǪ ǯǬ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ ǫǞ ǨǬǫǣȯ

ǡǬǢǞ ȸǠǩȸȷǰǯȸ ǫǣǬǟǣǯǭǣȰǣǫǫȴǪǦ Ǧ ǟǣǯǭǮǬȯǣǫǰǫȴǪǦ Ǧ ǭǬ-

ǡǞȱǞȷǰǯȸ ǢǣǫǣǤǫȴǪǦ ǯǮǣǢǯǰǠǞǪǦ. ǁǮǱǭǭǞ ǫǣ ǭǮǣǢǬǯǰǞǠ-

ǩȸǩǞ Ǧ ǫǣ ǭǬǩǱȰǞǩǞ Ǭǰ ǯǠȸǥǞǫǫȴǳ ǯǰǬǮǬǫ ǫǦǨǞǨǦǳ ǲǦǫǞǫ-

ǯǬǠȴǳ ǡǞǮǞǫǰǦǧ. ǅǞ ǡǬǢȴ, ǥǞǨǬǫȰǦǠȱǦǣǯȸ 31 ǢǣǨǞǟǮȸ 2011

Ǧ 2010 ǡǡ., ǁǮǱǭǭǞ ǫǣ ǬǰǮǞǤǞǩǞ ǱǪǣǫȵȱǣǫǦǣ ǭǬǩǣǥǫǬǯǰǦ

ǢǣǟǦǰǬǮǯǨǬǧ ǥǞǢǬǩǤǣǫǫǬǯǰǦ ǬǰǫǬǯǦǰǣǩȵǫǬ ǯǱǪǪ ǥǞǢǬǩ-

ǤǣǫǫǬǯǰǦ Ǭǰ ǯǠȸǥǞǫǫȴǳ ǯǰǬǮǬǫ.

ДQXQH^ L UQSGQFDb HIELUQSTMDb KDHQNJIPPQTU_

ǀ 2011 ǡ. ǁǮǱǭǭǞ ǭǮǬǢǞǩǞ ǠǫǱǰǮǣǫǫǦǪ Ǧ ǦǫǬǯǰǮǞǫǫȴǪ Ǭǭǣ-

ǮǞǰǬǮǞǪ, ȸǠǩȸȷȲǦǪǯȸ ǣǣ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ, ǱǯǩǱǡǦ

ǮǬǱǪǦǫǡǞ, ǢǬǯǰǱǭǞ Ǩ ǯǣǰǦ Ǧ ǯǬǣǢǦǫǣǫǦȸ ǫǞ ǬǟȲǱȷ ǯǱǪǪǱ

979 334 ǰȴǯ. ǡǮǫ (2010 ǡ.: 957 331 ǰȴǯ. ǡǮǫ).

ǐǬǮǡǬǠǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǯǠȸǥǞǫǫȴǳ ǯǰǬǮǬǫ

ǫǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ȸǠǩȸǣǰǯȸ ǟǣǯǭǮǬȯǣǫǰǫǬǧ, ǫǣ-

ǬǟǣǯǭǣȰǣǫǫǬǧ Ǧ ǭǬǡǞȱǞǣǰǯȸ Ǡ ǳǬǢǣ ǬǟȴȰǫǬǧ ǳǬǥȸǧǯǰǠǣǫ-

ǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ.

СUQLOQTU_ ODUISLDNQF L USDWLMD L UQSGQFDb MSIHLUQS-

TMDb KDHQNJIPPQTU_

ǏǰǬǦǪǬǯǰȵ ǪǞǰǣǮǦǞǩǬǠ Ǧ ǰǮǞǲǦǨǞ Ǭǰ ǯǠȸǥǞǫǫȴǳ ǯǰǬǮǬǫ

ǠǨǩȷȰǞǣǰ ǱǯǩǱǡǦ ǮǬǱǪǦǫǡǞ Ǧ ǯǬǣǢǦǫǣǫǦȸ, ǭǮǣǢǬǯǰǞǠǩǣǫ-

ǫȴǣ ǨǬǪǭǞǫǦȸǪǦ, ǫǞǳǬǢȸȲǦǪǦǯȸ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ, Ǧ

ǭǮǬȰǦǪǦ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ.

ǐǬǮǡǬǠǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǭǣǮǣǢ ǨǬǪǭǞǫǦȸ-

ǪǦ, ǫǞǳǬǢȸȲǦǪǦǯȸ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ, Ǧ ǭǮǬȰǦǪǦ ǯǠȸ-

ǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ ǠǨǩȷȰǞǣǰ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǥǞ ǱǯǩǱǡǦ

ǮǬǱǪǦǫǡǞ Ǧ ǯǬǣǢǦǫǣǫǦȸ. ǐǬǮǡǬǠǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ ǥǞǢǬǩ-

ǤǣǫǫǬǯǰȵ ǭǣǮǣǢ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ ȸǠǩȸǣǰǯȸ ǟǣǯ-ǭǮǬȯǣǫǰǫǬǧ Ǧ ǭǬǡǞȱǞǣǰǯȸ Ǡ ǳǬǢǣ ǬǟȴȰǫǬǧ ǳǬǥȸǧǯǰǠǣǫǫǬǧ

ǢǣȸǰǣǩȵǫǬǯǰǦ.

ПSQZLI QRISDYLQPPÎ SDTXQH^

ǍǮǬȰǦǣ ǬǭǣǮǞȯǦǬǫǫȴǣ ǮǞǯǳǬǢȴ ǠǨǩȷȰǞȷǰ ǨǬǫǯǱǩȵǰǞȯǦǬǫ-

ǫȴǣ ǱǯǩǱǡǦ, ǭǮǣǢǬǯǰǞǠǩǣǫǫȴǣ ǨǬǪǭǞǫǦȸǪǦ, ǫǞǳǬǢȸȲǦǪǦǯȸ

ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ, Ǧ ǭǮǬȰǦǪǦ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ.

ФLPDPTQFÎ HQXQH^

ǀ 2011 ǡ. ǲǦǫǞǫǯǬǠȴǣ ǢǬǳǬǢȴ ǠǨǩȷȰǞǩǦ ǭǮǬȯǣǫǰȴ Ǡ ǯǱǪ-

Ǫǣ 56 875 ǰȴǯ. ǡǮǫ ǭǬ ǨǮǞǰǨǬǯǮǬȰǫȴǪ ǢǣǭǬǥǦǰǞǪ, ǮǞǥǪǣ-

ȲǣǫǫȴǪ Ǡ ǬǢǫǬǪ Ǧǥ ǱǨǮǞǦǫǯǨǦǳ ǟǞǫǨǬǠ, ǨǬǰǬǮȴǧ ȸǠǩȸǣǰǯȸ

ǭǮǬȰǣǧ ǯǠȸǥǞǫǫǬǧ ǯǰǬǮǬǫǬǧ ǈǬǪǭǞǫǦǦ (2010 ǡ.: 69 215 ǰȴǯ.

ǡǮǫ). ǈǮǬǪǣ ǰǬǡǬ, Ǡ 2011 ǡ. Ǡ ǯǬǯǰǞǠ ǲǦǫǞǫǯǬǠȴǳ ǢǬǳǬǢǬǠ

ǟȴǩǞ ǠǨǩȷȰǣǫǞ ǯǱǪǪǞ 719 737 ǰȴǯ. ǡǮǫ, ǨǬǰǬǮǞȸ ǭǮǣǢ-

ǯǰǞǠǩȸǩǞ ǯǬǟǬǧ ǞǪǬǮǰǦǥǞȯǦȷ ǢǦǯǨǬǫǰǞ ǭǬ ǟǣǯǭǮǬȯǣǫǰǫǬǧ

ǲǦǫǞǫǯǬǠǬǧ ǭǬǪǬȲǦ, ǭǮǣǢǬǯǰǞǠǩǣǫǫǬǧ ǨǬǪǭǞǫǦǦ ǭǬǢ Ǭǟ-

ȲǦǪ ǨǬǫǰǮǬǩǣǪ (2010 ǡ.: 76 790 ǰȴǯ. ǡǮǫ).

ПSLQESIUIPLI QTPQFP^X TSIHTUF

ǀ 2011 ǡ. ǁǮǱǭǭǞ ǭǮǦǬǟǮǣǩǞ Ǡ ǨǬǪǭǞǫǦǦ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬ-

ǩǣǪ ǬǟǬǮǱǢǬǠǞǫǦǣ FTTB («ǬǭǰǦȰǣǯǨǬǣ ǠǬǩǬǨǫǬ Ǩ ǥǢǞǫǦȷ»)

ǥǞ ǢǣǫǣǤǫǬǣ ǠǬǥǫǞǡǮǞǤǢǣǫǦǣ Ǡ ǯǱǪǪǣ 336 259 ǰȴǯ. ǡǮǫ

(2010 ǡ.: 36 199 ǰȴǯ. ǡǮǫ), ǭǮǬȰǦǣ ǬǯǫǬǠǫȴǣ ǯǮǣǢǯǰǠǞ ǥǞ Ǣǣ-

ǫǣǤǫǬǣ ǠǬǥǫǞǡǮǞǤǢǣǫǦǣ Ǡ ǯǱǪǪǣ 443 992 ǰȴǯ. ǡǮǫ. (2010

ǡ.: ǫǱǩȵ) Ǧ ǫǣǪǞǰǣǮǦǞǩȵǫȴǣ ǞǨǰǦǠȴ Ǡ ǯǱǪǪǣ 2 450 ǰȴǯ. ǡǮǫ

(2010 ǡ.: ǫǱǩȵ).

ОEbKDUIN_TUFD LPFITULYLQPPQGQ XDSDMUISD RISIH TFb-

KDPPÔL TUQSQPDOL

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǦǬǟǮǣǰǣǫǦȷ Ǧ

ǯǰǮǬǦǰǣǩȵǯǰǠǱ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ ǁǮǱǭǭȴ ǭǣǮǣǢ ǨǬǪǭǞǫǦȸ-

ǪǦ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ ǯǬǯǰǞǠǦǩǦ 8 032 ǰȴǯ. ǡǮǫ (2010 ǡ.: ǫǱǩȵ) Ǧ ǭǣǮǣǢ ǭǮǬȰǦǪǦ ǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ - 2 404 ǰȴǯ.

ǡǮǫ (2010 ǡ.: 2 986 ǰȴǯ. ǡǮǫ).

ПSQZLI QEQSQUPÎ WLPDPTQFÎ DMULF^

23 ǫǬȸǟǮȸ 2010 ǡ. ǈǬǪǭǞǫǦȸ ǭǮǣǢǬǯǰǞǠǦǩǞ ǠǬǥǠǮǞǰǫǱȷ

ǟǣǯǭǮǬȯǣǫǰǫǱȷ ǲǦǫǞǫǯǬǠǱȷ ǭǬǪǬȲȵ Ǡ ǯǱǪǪǣ 4 000 000

ǰȴǯ. ǡǮǫ ǨǬǪǭǞǫǦǦ, ǫǞǳǬǢȸȲǣǧǯȸ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ.

ǀ ǰǣȰǣǫǦǣ 2011 ǡ. ǢǞǫǫǞȸ ǨǬǪǭǞǫǦȸ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ

ȰǞǯǰǦȰǫǬ ǠȴǭǩǞǰǦǩǞ ǢǞǫǫǱȷ ǟǣǯǭǮǬȯǣǫǰǫǱȷ ǲǦǫǞǫǯǬǠǱȷ

ǭǬǪǬȲȵ Ǡ ǯǱǪǪǣ 901 000 ǰȴǯ. ǡǮǫ ǯǬǡǩǞǯǫǬ ǱǯǩǬǠǦȸǪ ǢǬ-

ǡǬǠǬǮǞ. 14 ǫǬȸǟǮȸ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǥǞǨǩȷȰǦǩǞ ǢǬǭǬǩǫǦ-

ǰǣǩȵǫǬǣ ǯǬǡǩǞȱǣǫǦǣ, ǯǬǡǩǞǯǫǬ ǨǬǰǬǮǬǪǱ ǯǮǬǨ ǢǣǧǯǰǠǦȸ

ǢǬǡǬǠǬǮǞ ǟȴǩ ǭǮǬǢǩǣǫ ǢǬ 31 ǢǣǨǞǟǮȸ 2012 ǡ. ǎǞǥǫǦȯǞ

ǪǣǤǢǱ ǯǭǮǞǠǣǢǩǦǠǬǧ Ǧ ǫǬǪǦǫǞǩȵǫǬǧ ǯǰǬǦǪǬǯǰȵȷ Ǡȴȱǣ-

ǱǨǞǥǞǫǫǬǧ ǟǣǯǭǮǬȯǣǫǰǫǬǧ ǠǬǥǠǮǞǰǫǬǧ ǲǦǫǞǫǯǬǠǬǧ ǭǬ-

ǪǬȲǦ, ǥǞ ǠȴȰǣǰǬǪ ǬǰǩǬǤǣǫǫǬǡǬ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ, ǟȴǩǞ

ǬǰǮǞǤǣǫǞ Ǡ ǯǬǯǰǞǠǣ ǨǞǭǦǰǞǩǞ ǨǞǨ ǭǮǬȰǣǣ ǮǞǯǭǮǣǢǣǩǣǫǦǣ

ǭǮǦǟȴǩǦ ǯǮǣǢǦ ǞǨȯǦǬǫǣǮǬǠ.



99

ǈǮǬǪǣ ǰǬǡǬ, 9 ǢǣǨǞǟǮȸ 2011 ǡ. ǈǬǪǭǞǫǦȸ ǢǬǭǬǩǫǦǰǣǩȵǫǬ

ǠȴǢǞǩǞ ǠȴȱǣǱǨǞǥǞǫǫǬǧ ǨǬǪǭǞǫǦǦ ǭǬǢ ǬǟȲǦǪ ǨǬǫǰǮǬǩǣǪ

ǟǣǯǭǮǬȯǣǫǰǫǱȷ ǲǦǫǞǫǯǬǠǱȷ ǭǬǪǬȲȵ Ǡ ǯǱǪǪǣ 105 000 ǰȴǯ.

ǡǮǫ. ǍǮǦ ǭǣǮǠǬǫǞȰǞǩȵǫǬǪ ǭǮǦǥǫǞǫǦǦ ǢǞǫǫǞȸ ǟǣǯǭǮǬȯǣǫǰ-ǫǞȸ ǲǦǫǞǫǯǬǠǞȸ ǭǬǪǬȲȵ ǟȴǩǞ ǬǰǮǞǤǣǫǞ ǭǬ ǯǭǮǞǠǣǢǩǦǠǬǧ

ǯǰǬǦǪǬǯǰǦ Ǡ ǯǱǪǪǣ 86 494 ǰȴǯ. ǡǮǫ. ǑǟȴǰǨǦ ǭǮǦ ǭǣǮǠǬǫǞ-

ȰǞǩȵǫǬǪ ǭǮǦǥǫǞǫǦǦ ǭǬ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ, ǥǞ Ǡȴ-

ȰǣǰǬǪ ǬǰǩǬǤǣǫǫǬǡǬ ǫǞǩǬǡǞ ǫǞ ǭǮǦǟȴǩȵ, ǟȴǩǦ Ǭǰǫǣǯǣǫȴ

ǫǣǭǬǯǮǣǢǯǰǠǣǫǫǬ Ǩ ǯǬǟǯǰǠǣǫǫǬǪǱ ǨǞǭǦǰǞǩǱ ǨǞǨ ǭǮǬȰǣǣ

ǮǞǯǭǮǣǢǣǩǣǫǦǣ ǭǮǦǟȴǩǦ ǯǮǣǢǦ ǞǨȯǦǬǫǣǮǬǠ.

ДIPIJPÎ TSIHTUFD L LX `MFLFDNIPU^

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǫǣǨǬǰǬǮȴǣ Ǧǥ ǨǮǞǰǨǬǯǮǬȰǫȴǳ ǢǣǭǬǥǦǰǬǠ Ǧ ǯǮǣǢǯǰǠ Ǡ ǟǞǫǨǣ ǟȴǩǦ ǮǞǥǪǣȲǣǫȴ Ǡ ǬǢǫǬǪ Ǧǥ

ǱǨǮǞǦǫǯǨǦǳ ǟǞǫǨǬǠ, ǨǬǰǬǮȴǧ ȸǠǩȸǣǰǯȸ ǭǮǬȰǣǧ ǯǠȸǥǞǫǫǬǧ

ǯǰǬǮǬǫǬǧ ǈǬǪǭǞǫǦǦ.

28. ǒǞǨǰǦȰǣǯǨǦǣǦ ǭǬǰǣǫȯǦǞǩȵǫȴǣǬǟȸǥǞǰǣǩȵǯǰǠǞ

(i) ǉǜǧǪǟǪǞȲǡ ǬǤǭǦǤ

ǑǨǮǞǦǫǯǨǬǣ ǥǞǨǬǫǬǢǞǰǣǩȵǯǰǠǬ Ǧ ǫǬǮǪǞǰǦǠǫȴǣ ǞǨǰȴ, Ǯǣ-

ǡǱǩǦǮǱȷȲǦǣ ǯǲǣǮǱ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ Ǧ ǭǮǬȰǦǣ ǞǯǭǣǨǰȴ

ǢǣȸǰǣǩȵǫǬǯǰǦ ǨǬǪǭǞǫǦǧ, ǠǨǩȷȰǞȸ ǠǞǩȷǰǫȴǧ ǨǬǫǰǮǬǩȵ Ǧ

ǰǞǪǬǤǣǫǫǬǣ ǥǞǨǬǫǬǢǞǰǣǩȵǯǰǠǬ, ǭǮǬǢǬǩǤǞȷǰ ǦǥǪǣǫȸǰȵǯȸ.

ǍǬǩǬǤǣǫǦȸ ǥǞǨǬǫǬǠ Ǧ ǫǬǮǪǞǰǦǠǫȴǳ ǢǬǨǱǪǣǫǰǬǠ ǫǣ ǠǯǣǡǢǞ

ȸǠǩȸȷǰǯȸ ȰǣǰǨǦǪǦ Ǧ ǰǮǞǨǰǱȷǰǯȸ ǭǬ-ǮǞǥǫǬǪǱ ǪǣǯǰǫȴǪǦ, Ǯǣ-

ǡǦǬǫǞǩȵǫȴǪǦ Ǧ ǡǬǯǱǢǞǮǯǰǠǣǫǫȴǪǦ ǬǮǡǞǫǞǪǦ, Ǟ ǰǞǨǤǣ ǭǮǬ-

ȰǦǪǦ ǭǮǞǠǦǰǣǩȵǯǰǠǣǫǫȴǪǦ ǱȰǮǣǤǢǣǫǦȸǪǦ. ǏǩǱȰǞǦ ǮǞǯ-ǳǬǤǢǣǫǦǧ Ǡ ǰǮǞǨǰǬǠǞǫǦǦ ǥǞǨǬǫǬǢǞǰǣǩȵǯǰǠǞ ǫǣ ǣǢǦǫǦȰǫȴ.

ǎǱǨǬǠǬǢǯǰǠǬ ǯȰǦǰǞǣǰ, ȰǰǬ ǢǣȸǰǣǩȵǫǬǯǰȵ ǁǮǱǭǭȴ ǬǯǱȲǣǯǰ-Ǡǩȸǣǰǯȸ Ǡ ǭǬǩǫǬǪ ǯǬǬǰǠǣǰǯǰǠǦǦ ǯ ǥǞǨǬǫǬǢǞǰǣǩȵǯǰǠǬǪ, Ǯǣ-

ǡǱǩǦǮǱȷȲǦǪ ǣǣ ǢǣȸǰǣǩȵǫǬǯǰȵ, Ǧ ȰǰǬ ǁǮǱǭǭǞ ǫǞȰǦǯǩǦǩǞ Ǧ

ǱǭǩǞǰǦǩǞ Ǡǯǣ ǫǣǬǟǳǬǢǦǪȴǣ ǫǞǩǬǡǦ. ǀ ǯǩǱȰǞǣ ǠǣǮǬȸǰǫǬǯǰǦ

ǬǰǰǬǨǞ ǮǣǯǱǮǯǬǠ ǁǮǱǭǭǞ ǫǞȰǦǯǩǦǩǞ ǮǣǥǣǮǠ, ǦǯǳǬǢȸ Ǧǥ ǫǞǦ-

ǩǱȰȱǦǳ ǬȯǣǫǬǨ ǮǱǨǬǠǬǢǯǰǠǞ. ǁǮǱǭǭǞ ǬǭǮǣǢǣǩǦǩǞ ǬǰǢǣǩȵ-

ǫȴǣ ǭǬǰǣǫȯǦǞǩȵǫȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ, ǯǠȸǥǞǫǫȴǣ ǯ ǫǞǩǬǡǬǬ-

ǟǩǬǤǣǫǦǣǪ, ǫǞȰǦǯǩǣǫǦǣ ǨǬǰǬǮȴǳ Ǡ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ

ǫǣ ǰǮǣǟǱǣǰǯȸ. ǐǞǨǦǣ ǭǬǰǣǫȯǦǞǩȵǫȴǣ ǫǞǩǬǡǬǠȴǣ ǬǟȸǥǞǰǣǩȵ-

ǯǰǠǞ ǪǬǡǱǰ ǠǬǥǫǦǨǫǱǰȵ, Ǧ ǁǮǱǭǭǞ ǢǬǩǤǫǞ ǟǱǢǣǰ ǱǭǩǞǰǦǰȵ

ǢǬǭǬǩǫǦǰǣǩȵǫȴǣ ǯǱǪǪȴ ǫǞǩǬǡǬǠ. ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǁǮǱǭǭǞ ǬȯǣǫǦǩǞ ǰǞǨǦǣ ǭǬǰǣǫȯǦǞǩȵǫȴǣ ǫǞǩǬǡǬǠȴǣ ǬǟȸǥǞ-

ǰǣǩȵǯǰǠǞ Ǡ ǯǱǪǪǣ 145 471 ǰȴǯ. ǡǮǫ (2010 ǡ.: 45 448 ǰȴǯ. ǡǮǫ).

(ii) ǚǬǤǠǤȮǡǭǦǤǡ ǞǪǫǬǪǭȲǀ ǳǬǢǣ ǬǟȴȰǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭǞ ȸǠǩȸǣǰǯȸ ǬǟȳǣǨǰǬǪ

ǯǱǢǣǟǫȴǳ ǦǯǨǬǠ Ǧ ǭǮǣǰǣǫǥǦǧ. ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǯǱǪǪǞ

ǭǮǣǰǣǫǥǦǧ ǰǮǣǰȵǦǳ ǩǦȯ Ǩ ǁǮǱǭǭǣ ǯǬǯǰǞǠǩȸǩǞ 2 808 ǰȴǯ. ǡǮǫ

(2010 ǡ.: 11 993 ǰȴǯ. ǡǮǫ).

ǍǬ ǪǫǣǫǦȷ ǮǱǨǬǠǬǢǯǰǠǞ, ǠǣǮǬȸǰǫȴǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ (ǭǮǦ

Ǧǳ ǫǞǩǦȰǦǦ), ǨǬǰǬǮȴǣ ǪǬǡǱǰ ǠǬǥǫǦǨǫǱǰȵ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǰǞǨǦǳ ǦǯǨǬǠ ǦǩǦ ǭǮǣǰǣǫǥǦǧ, ǫǣ ǬǨǞǤǱǰ ǯǱȲǣǯǰǠǣǫǫǬǡǬ ǬǰǮǦȯǞ-

ǰǣǩȵǫǬǡǬ ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ ǯǬǯǰǬȸǫǦǣ ǦǩǦ ǮǣǥǱǩȵ-

ǰǞǰȴ ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ Ǡ ǟǱǢǱȲǣǪ. ǏǬǬǰǠǣǰǯǰǠǣǫǫǬ,

ǮǣǥǣǮǠ ǭǬǢ ǰǞǨǦǣ ǬǟȸǥǞǰǣǩȵǯǰǠǞ Ǡ ǢǞǫǫǬǧ ǨǬǫǯǬǩǦǢǦǮǬ-

ǠǞǫǫǬǧ ǲǦǫǞǫǯǬǠǬǧ ǬǰȰǣǰǫǬǯǰǦ ǫǣ ǯǬǥǢǞǠǞǩǯȸ.

ǋǞ 31 ǢǣǨǞǟǮȸ ǨǮǞǰǨǬǯǮǬȰǫȴǣ ǢǣǭǬǥǦǰȴ, ǮǞǥǪǣȲǣǫǫȴǣ Ǡ ǟǞǫǨǣ, ȸǠǩȸȷȲǣǪǯȸ ǯǠȸǥǞǫǫǬǧ ǯǰǬǮǬǫǬǧ, ǭǬ ǢǬǡǬǠǬǮǫȴǪ ǯǮǬ-

ǨǞǪ ǭǬǡǞȱǣǫǦȸ Ǧ ǭǬǩǱȰǣǫǫȴǪ ǭǮǬȯǣǫǰǞǪ ǠǨǩȷȰǞǩǦ ǯǩǣǢǱȷȲǣǣ:

ǀǞǩȷǰǞ ǏǮǬȰǫǬǯǰȵ ǍǮǬȯǣǫǰǫǞȸ ǯǰǞǠǨǞ 2011 ǡ. 2010 ǡ.

ǁǮǦǠǫǞ 1-3 ǪǣǯȸȯǣǠ 21-22% 50 000 365 000

ǂǬǩǩǞǮ Ǐǖƾ 1-3 ǪǣǯȸȯǣǠ 7% 36 354 -

ǃǠǮǬ 1-3 ǪǣǯȸȯǣǠ 4,00-6,75% 62 818 -

149 172 365 000

ВQKPDGSDJHIPLI VRSDFNIPZITMQOV RISTQPDNV

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǨǩȷȰǣǠǬǧ ǱǭǮǞǠǩǣǫȰǣǯǨǦǧ ǭǣǮǯǬǫǞǩ ǁǮǱǭǭȴ ǯǬǯǰǬȸǩ Ǧǥ 46 ǮǱǨǬǠǬǢǦǰǣǩǣǧ ǠȴǯȱǣǡǬ ǥǠǣǫǞ (2010 ǡ.: 48 ǮǱǨǬǠǬǢǦǰǣǩǣǧ).

ǋǞ 31 ǢǣǨǞǟǮȸ ǬǟȲǞȸ ǯǱǪǪǞ ǠǬǥǫǞǡǮǞǤǢǣǫǦȸ ǨǩȷȰǣǠǬǪǱ ǱǭǮǞǠǩǣǫȰǣǯǨǬǪǱ ǭǣǮǯǬǫǞǩǱ, ǠǨǩȷȰǣǫǫǞȸ Ǡ ǯǬǯǰǞǠ ǥǞǮǞǟǬǰǫǬǧ

ǭǩǞǰȴ Ǧ ǮǞǯǳǬǢǬǠ ǫǞ ǭǣǮǯǬǫǞǩ, ǠǨǩȷȰǞǩǞ:

2011 ǡ. 2010 ǡ.

ǈǮǞǰǨǬǯǮǬȰǫȴǣ ǠȴǭǩǞǰȴ ǮǞǟǬǰǫǦǨǞǪ 65 974 75 474

ǂǬǩǡǬǯǮǬȰǫȴǣ ǠȴǭǩǞǰȴ ǮǞǟǬǰǫǦǨǞǪ 362 238

ǍǩǞǰǣǤǦ ǫǞ ǬǯǫǬǠǣ ǞǨȯǦǧ 1 167 -

ǌǟȲǞȸ ǯǱǪǪǞ ǠǬǥǫǞǡǮǞǤǢǣǫǦȸ ǨǩȷȰǣǠǬǪǱ ǱǭǮǞǠǩǣǫȰǣǯǨǬǪǱ ǭǣǮǯǬǫǞǩǱ 67 503 75 712



100

ǋǞ 31 ǢǣǨǞǟǮȸ ǟǱǢǱȲǦǣ ǪǦǫǦǪǞǩȵǫȴǣ ǞǮǣǫǢǫȴǣ ǭǩǞǰǣǤǦ ǭǬ ǢǬǡǬǠǬǮǞǪ ǬǭǣǮǞȯǦǬǫǫǬǧ ǞǮǣǫǢȴ ǟǣǥ ǭǮǞǠǞ ǭǮǣǨǮǞȲǣǫǦȸ

ǟȴǩǦ ǯǩǣǢǱȷȲǦǪǦ:

2011 ǡ. 2010 ǡ.

ǂǬ ǬǢǫǬǡǬ ǡǬǢǞ 214 346 165 414

ƿǬǩǣǣ ǬǢǫǬǡǬ ǡǬǢǞ, ǫǬ Ǫǣǫǣǣ ǭȸǰǦ ǩǣǰ 179 710 144 823

ƿǬǩǣǣ ǭȸǰǦ ǩǣǰ 96 003 153 197

490 059 463 434

(iii) ǊǝȶǣǜǮǡǧȳǭǮǞǜ ǤǩǞǡǭǮǤȭǤǪǩǩǪǟǪ

ǱǜǬǜǦǮǡǬǜǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǁǮǱǭǭǞ ǦǪǣǩǞ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ

ǭǮǦǬǟǮǣǰǣǫǦȷ Ǧ ǯǰǮǬǦǰǣǩȵǯǰǠǱ ǬǯǫǬǠǫȴǳ ǯǮǣǢǯǰǠ Ǡ ǯǱǪǪǣ

406 600 ǰȴǯ. ǡǮǫ (2010 ǡ.: 209 635 ǰȴǯ. ǡǮǫ).

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 ǡ. ǁǮǱǭǭǞ ǦǪǣǩǞ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǭǬ ǭǮǦ-

ǬǟǮǣǰǣǫǦȷ ǫǣǪǞǰǣǮǦǞǩȵǫȴǳ ǞǨǰǦǠǬǠ Ǡ ǯǱǪǪǣ 69 183 ǰȴǯ.

ǡǮǫ (2010 ǡ.: 49 577 ǰȴǯ. ǡǮǫ).

(iv) ƼǬǡǩǠǩȲǡ ǪǝȶǣǜǮǡǧȳǭǮǞǜǌǭǣǮǞȯǦǬǫǫǞȸ ǞǮǣǫǢǞ – ǁǮǱǭǭǞ Ǡ ǨǞȰǣǯǰǠǣ ǞǮǣǫǢǞǰǬǮǞ

ǁǮǱǭǭǞ ǥǞǨǩȷȰǦǩǞ ǮȸǢ ǯǬǡǩǞȱǣǫǦǧ Ǭǟ ǞǮǣǫǢǣ ǥǣǪǩǦ Ǧ

ǥǢǞǫǦǧ. ǏǮǬǨ ǢǣǧǯǰǠǦȸ ǢǞǫǫȴǳ ǯǬǡǩǞȱǣǫǦǧ ǯǬǯǰǞǠǩȸǣǰ Ǡ

ǯǮǣǢǫǣǪ Ǭǰ ǬǢǫǬǡǬ ǢǬ ǭȸǰǦ ǩǣǰ ǯ ǠǬǥǪǬǤǫǬǯǰȵȷ ǠǬǥǬǟǫǬǠ-

ǩǣǫǦȸ, ǭǮǣǢǱǯǪǬǰǮǣǫǫǬǧ ǯǬǡǩǞȱǣǫǦȸǪǦ.

29. ǏǭǮǞǠǣǢǩǦǠǞȸ ǯǰǬǦǪǬǯǰȵ

ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠǍǫǬǜǞǡǠǧǤǞǜȶ ǭǮǪǤǨǪǭǮȳǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǟǞǩǞǫǯǬǠǞȸ ǯǰǬǦǪǬǯǰȵ ǲǦ-

ǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ ǁǮǱǭǭȴ ǟȴǩǞ ǭǮǦǟǩǦǥǦǰǣǩȵǫǬ

ǮǞǠǫǞ Ǧǳ ǯǭǮǞǠǣǢǩǦǠǬǧ ǯǰǬǦǪǬǯǰǦ.

ǏǭǮǞǠǣǢǩǦǠǞȸ ǯǰǬǦǪǬǯǰȵ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ Ǧ ǲǦ-

ǫǞǫǯǬǠȴǳ ǬǟȸǥǞǰǣǩȵǯǰǠ ǯǬ ǯǮǬǨǬǪ ǭǬǡǞȱǣǫǦȸ ǢǬ ǬǢǫǬǡǬ

ǡǬǢǞ, ǥǞ ǠȴȰǣǰǬǪ ǨǞǨǦǳ-ǩǦǟǬ ǭǮǣǢǱǯǪǬǰǮǣǫǫȴǳ ǨǬǮǮǣǨ-

ǰǦǮǬǠǬǨ Ǡ ǮǣǥǱǩȵǰǞǰǣ ǬȯǣǫǨǦ, ǯȰǦǰǞǣǰǯȸ Ǧǳ ǟǞǩǞǫǯǬǠǬǧ

ǯǰǬǦǪǬǯǰȵȷ Ǡ ǯǠȸǥǦ ǯ ǨǬǮǬǰǨǦǪǦ ǯǮǬǨǞǪǦ ǭǬǡǞȱǣǫǦȸ

ǢǞǫǫȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ. ǌǢǫǞǨǬ, ǨǬǡǢǞ ǠǩǦȸǫǦǣ ǯǰǬǦǪǬ-

ǯǰǦ Ǣǣǫǣǡ ǠǬ ǠǮǣǪǣǫǦ ǯǱȲǣǯǰǠǣǫǫǬ, ǯǭǮǞǠǣǢǩǦǠǞȸ ǯǰǬ-

ǦǪǬǯǰȵ ǨǮǞǰǨǬǯǮǬȰǫȴǳ ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ Ǭȯǣ-

ǫǦǠǞǣǰǯȸ ǭǱǰǣǪ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ ǟǱǢǱȲǦǳ ǢǬǡǬǠǬǮǫȴǳ ǢǣǫǣǤǫȴǳ ǭǬǰǬǨǬǠ ǭǬ ǰǣǨǱȲǣǧ ǮȴǫǬȰǫǬǧ ǭǮǬȯǣǫǰǫǬǧ

ǯǰǞǠǨǣ, ǦǯǭǬǩȵǥǱǣǪǬǧ ǁǮǱǭǭǬǧ Ǣǩȸ ǞǫǞǩǬǡǦȰǫȴǳ ǲǦǫǞǫ-

ǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ.

ǏǭǮǞǠǣǢǩǦǠǞȸ ǯǰǬǦǪǬǯǰȵ ǲǦǫǞǫǯǬǠȴǳ ǬǟȸǥǞǰǣǩȵǯǰǠ

ǬȯǣǫǦǠǞǣǰǯȸ ǭǱǰǣǪ ǢǦǯǨǬǫǰǦǮǬǠǞǫǦȸ ǟǱǢǱȲǦǳ ǢǬǡǬǠǬǮ-

ǫȴǳ ǢǣǫǣǤǫȴǳ ǭǬǰǬǨǬǠ ǭǬ ǰǣǨǱȲǣǧ ǮȴǫǬȰǫǬǧ ǭǮǬȯǣǫǰ-ǫǬǧ ǯǰǞǠǨǣ, ǦǯǭǬǩȵǥǱǣǪǬǧ ǁǮǱǭǭǬǧ Ǣǩȸ ǞǫǞǩǬǡǦȰǫȴǳ ǲǦ-

ǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ.

30. ǒǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴǦ ǱǭǮǞǠǩǣǫǦǣ ǮǦǯǨǞǪǦǌǯǫǬǠǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ ǁǮǱǭǭȴ ǠǨǩȷȰǞȷǰ ǭǮǬȯǣǫǰǫȴǣ ǨǮǣǢǦǰȴ Ǧ ǥǞǧǪȴ, ǢǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ Ǧ ǭǮǬȰǦǣ ǬǟǬǮǬǰǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ.

ǁǮǱǭǭǞ ǦǪǣǣǰ ǮǞǥǫȴǣ ǭǮǬȰǦǣ ǲǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ,

ǨǞǨ, ǫǞǭǮǦǪǣǮ, ǰǬǮǡǬǠǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ Ǧ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞ-

ǢǬǩǤǣǫǫǬǯǰȵ, ǠǬǥǫǦǨǞȷȲǦǣ ǫǣǭǬǯǮǣǢǯǰǠǣǫǫǬ Ǡ ǳǬǢǣ ǣǣ

ǬǭǣǮǞȯǦǬǫǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ.

ǍǬǩǦǰǦǨǞ ǁǮǱǭǭȴ ǫǣ ǭǮǣǢǱǯǪǞǰǮǦǠǞǣǰ ǰǬǮǡǬǠǩǦ ǲǦǫǞǫ-

ǯǬǠȴǪǦ ǦǫǯǰǮǱǪǣǫǰǞǪǦ. ǁǮǱǭǭǣ ǭǮǦǯǱȲǦ ǨǮǣǢǦǰǫȴǧ ǮǦǯǨ,

ǮǦǯǨ ǩǦǨǠǦǢǫǬǯǰǦ Ǧ ǮȴǫǬȰǫȴǧ ǮǦǯǨ.

ǌǟȲǞȸ ǭǮǬǡǮǞǪǪǞ ǱǭǮǞǠǩǣǫǦȸ ǮǦǯǨǞǪǦ ǯǨǬǫȯǣǫǰǮǦǮǬ-

ǠǞǫǞ ǫǞ ǫǣǭǮǣǢǯǨǞǥǱǣǪǬǯǰǦ Ǧ ǫǣȶǲǲǣǨǰǦǠǫǬǯǰǦ ǲǦǫǞǫ-

ǯǬǠǬǡǬ ǮȴǫǨǞ ǑǨǮǞǦǫȴ Ǧ ǫǞǭǮǞǠǩǣǫǞ ǫǞ ǱǪǣǫȵȱǣǫǦǣ ǣǡǬ

ǭǬǰǣǫȯǦǞǩȵǫǬǡǬ ǬǰǮǦȯǞǰǣǩȵǫǬǡǬ ǠǩǦȸǫǦȸ ǫǞ ǲǦǫǞǫǯǬǠǬǣ

ǯǬǯǰǬȸǫǦǣ ǁǮǱǭǭȴ. ǀȴǯȱǣǣ ǮǱǨǬǠǬǢǯǰǠǬ ǁǮǱǭǭȴ ǨǬǫǰǮǬ-

ǩǦǮǱǣǰ ǭǮǬȯǣǯǯ ǱǭǮǞǠǩǣǫǦȸ ǢǞǫǫȴǪǦ ǮǦǯǨǞǪǦ, Ǟ Ǣǣȸ-

ǰǣǩȵǫǬǯǰȵ ǁǮǱǭǭȴ, ǯǠȸǥǞǫǫǞȸ ǯ ǲǦǫǞǫǯǬǠȴǪǦ ǮǦǯǨǞǪǦ,

ǬǯǱȲǣǯǰǠǩȸǣǰǯȸ ǯǬǡǩǞǯǫǬ ǯǬǬǰǠǣǰǯǰǠǱȷȲǣǧ ǭǬǩǦǰǦǨǣ Ǧ

ǭǮǬȯǣǢǱǮǞǪ, ǭǮǦ ȶǰǬǪ ǠȴȸǠǩǣǫǦǣ, ǬȯǣǫǨǞ Ǧ ǱǭǮǞǠǩǣǫǦǣ

ǲǦǫǞǫǯǬǠȴǪǦ ǮǦǯǨǞǪǦ ǬǯǱȲǣǯǰǠǩȸȷǰǯȸ Ǡ ǯǬǬǰǠǣǰǯǰǠǦǦ ǯ

ǭǬǩǦǰǦǨǬǧ ǁǮǱǭǭȴ.

ǍǬǢǳǬǢȴ Ǩ ǱǭǮǞǠǩǣǫǦȷ ǨǞǤǢȴǪ Ǧǥ ȶǰǦǳ ǮǦǯǨǬǠ ǭǮǣǢǯǰǞǠ-

ǩǣǫȴ ǫǦǤǣ.

(v) ǊǝȶǣǜǮǡǧȳǭǮǞǜ ǫǪ ǠǪǫǪǧǩǤǮǡǧȳǩǪǨǯ

ǞȲǫǯǭǦǯ ǜǦȭǤǥǀ 2011 ǡ. ǠǫǣǬȰǣǮǣǢǫȴǪ ǬǟȲǦǪ ǯǬǟǮǞǫǦǣǪ ǞǨȯǦǬǫǣǮǬǠ

ǟȴǩǬ ǭǮǦǫȸǰǬ ǮǣȱǣǫǦǣ Ǭ ȰǞǯǰǫǬǪ ǮǞǥǪǣȲǣǫǦǦ 55 000 ǞǨ-

ȯǦǧ ǫǬǪǦǫǞǩȵǫǬǧ ǯǰǬǦǪǬǯǰȵȷ 50 ǡǮǫ ǥǞ ǞǨȯǦȷ (2010 ǡ.: 7

000 000 ǞǨȯǦǧ), ǨǬǰǬǮȴǣ ǫǣ ǟȴǩǦ ǥǞǮǣǡǦǯǰǮǦǮǬǠǞǫȴ Ǧ

ǬǭǩǞȰǣǫȴ ǫǞ ǬǰȰǣǰǫǱȷ ǢǞǰǱ.



101

ǌȲǩǪȮǩȲǥ ǬǤǭǦǎȴǫǬȰǫȴǧ ǮǦǯǨ – ȶǰǬ ǮǦǯǨ ǰǬǡǬ, ȰǰǬ ǯǭǮǞǠǣǢǩǦǠǞȸ ǯǰǬǦ-

ǪǬǯǰȵ ǟǱǢǱȲǦǳ ǢǣǫǣǤǫȴǳ ǭǬǰǬǨǬǠ ǭǬ ǲǦǫǞǫǯǬǠǬǪǱ Ǧǫ-

ǯǰǮǱǪǣǫǰǱ ǟǱǢǣǰ ǨǬǩǣǟǞǰȵǯȸ ǠǯǩǣǢǯǰǠǦǣ ǦǥǪǣǫǣǫǦǧ Ǯȴ-

ǫǬȰǫȴǳ ȯǣǫ. ǎȴǫǬȰǫȴǣ ȯǣǫȴ ǯǬǢǣǮǤǞǰ Ǡ ǯǣǟǣ ǰǮǦ ǰǦǭǞ

ǮǦǯǨǞ: ǮǦǯǨ ǦǥǪǣǫǣǫǦȸ ǭǮǬȯǣǫǰǫǬǧ ǯǰǞǠǨǦ, ǠǞǩȷǰǫȴǧ ǮǦǯǨ

Ǧ ǭǮǬȰǦǣ ȯǣǫǬǠȴǣ ǮǦǯǨǦ. ǁǮǱǭǭǣ ǫǣ ǭǮǦǯǱȲ ǯǱȲǣǯǰǠǣǫǫȴǧ

ǮǦǯǨ ǦǥǪǣǫǣǫǦȸ ǭǮǬȯǣǫǰǫǬǧ ǯǰǞǠǨǦ, ǭǬǯǨǬǩȵǨǱ ǬǫǞ ǬǟȴȰ-

ǫǬ ǥǞǫǦǪǞǣǰ ǯǮǣǢǯǰǠǞ ǭǬ ǲǦǨǯǦǮǬǠǞǫǫȴǪ ǯǰǞǠǨǞǪ. ǐǞǨǤǣ

ǁǮǱǭǭǣ ǫǣ ǭǮǦǯǱȲǦ ǭǮǬȰǦǣ ȯǣǫǬǠȴǣ ǮǦǯǨǦ.

ǀǞǩȷǰǫȴǧ ǮǦǯǨ – ȶǰǬ ǮǦǯǨ ǰǬǡǬ, ȰǰǬ ǯǰǬǦǪǬǯǰȵ ǲǦǫǞǫǯǬǠǬ-

ǡǬ ǦǫǯǰǮǱǪǣǫǰǞ ǟǱǢǣǰ ǨǬǩǣǟǞǰȵǯȸ ǠǯǩǣǢǯǰǠǦǣ ǦǥǪǣǫǣǫǦǧ

ǠǞǩȷǰǫȴǳ ǨǱǮǯǬǠ. ǎǦǯǨ ǁǮǱǭǭȴ, ǯǠȸǥǞǫǫȴǧ ǯ ǦǥǪǣǫǣǫǦȸǪǦ

ǠǞǩȷǰǫȴǳ ǨǱǮǯǬǠ, ǨǞǯǞǣǰǯȸ ǭǮǣǤǢǣ ǠǯǣǡǬ ǬǭǣǮǞȯǦǬǫǫǬǧ

ǢǣȸǰǣǩȵǫǬǯǰǦ ǁǮǱǭǭȴ (ǨǬǡǢǞ ǰǬǮǡǬǠǞȸ ǨǮǣǢǦǰǬǮǯǨǞȸ Ǧ

ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǁǮǱǭǭȴ ǢǣǫǬǪǦǫǦǮǬǠǞǫȴ Ǡ

ǦǫǬǯǰǮǞǫǫȴǳ ǠǞǩȷǰǞǳ) Ǧ ǲǦǫǞǫǯǬǠǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ (ǨǬǡǢǞ

ǭǮǬȯǣǫǰǫȴǣ ǥǞǧǪȴ ǁǮǱǭǭȴ ǢǣǫǬǪǦǫǦǮǬǠǞǫȴ Ǡ ǦǫǬǯǰǮǞǫ-

ǫȴǳ ǠǞǩȷǰǞǳ).

ǌǲǦȯǦǞǩȵǫȴǣ ǨǱǮǯȴ ǦǫǬǯǰǮǞǫǫȴǳ ǠǞǩȷǰ, Ǡ ǨǬǰǬǮȴǳ ǢǣǫǬǪǦǫǦǮǬǠǞǫȴ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠǞ ǁǮǱǭǭȴ, Ǩ

ǡǮǦǠǫǣ, ǱǯǰǞǫǬǠǩǣǫǫȴǣ ǋǞȯǦǬǫǞǩȵǫȴǪ ǟǞǫǨǬǪ ǑǨǮǞǦǫȴ ǫǞ ǱǨǞǥǞǫǫȴǣ ǢǞǰȴ, ǟȴǩǦ ǯǩǣǢǱȷȲǦǪǦ:

ǂǬǩǩǞǮ Ǐǖƾ ǃǠǮǬ ǎǬǯǯǦǧǯǨǦǧ ǮǱǟǩȵ1 ȸǫǠǞǮȸ 2010 ǡ. 7,9850 11,4489 0,2640

ǏǮǣǢǫǦǧ ǨǱǮǯ ǥǞ 2010 ǡ. 7,9356 10,5329 0,2614

31 ǢǣǨǞǟǮȸ 2010 ǡ. 7,9617 10,5731 0,2612

ǏǮǣǢǫǦǧ ǨǱǮǯ ǥǞ 2011 ǡ. 7,9676 11,0918 0,2717

31 ǢǣǨǞǟǮȸ 2011 ǡ. 7,9898 10,2981 0,2495

ǌǤǭǦ ǧǤǦǞǤǠǩǪǭǮǤǁǮǱǭǭǞ ǬǯǱȲǣǯǰǠǩȸǣǰ ǞǫǞǩǦǥ ǯǮǬǨǬǠ ǭǬǡǞȱǣǫǦȸ ǞǨǰǦǠǬǠ

Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠ Ǧ ǭǩǞǫǦǮǱǣǰ ǯǠǬȷ ǩǦǨǠǦǢǫǬǯǰȵ Ǡ ǥǞǠǦǯǦ-

ǪǬǯǰǦ Ǭǰ ǬǤǦǢǞǣǪȴǳ ǯǮǬǨǬǠ ǭǬǡǞȱǣǫǦȸ ǯǬǬǰǠǣǰǯǰǠǱȷȲǦǳ ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ. ǍǬǰǮǣǟǫǬǯǰȵ ǁǮǱǭǭȴ Ǡ ǨǮǞ-

ǰǨǬ- Ǧ ǢǬǩǡǬǯǮǬȰǫǬǧ ǩǦǨǠǦǢǫǬǯǰǦ ǟǬǩȵȱǣǧ ȰǞǯǰȵȷ Ǭǟǣ-

ǯǭǣȰǦǠǞǣǰǯȸ ǥǞ ǯȰǣǰ ǢǣǫǣǤǫȴǳ ǯǮǣǢǯǰǠ Ǭǰ ǬǭǣǮǞȯǦǬǫǫǬǧ

ǢǣȸǰǣǩȵǫǬǯǰǦ.

ǀ ǰǞǟǩǦȯǣ ǫǦǤǣ ǭǮǣǢǯǰǞǠǩǣǫǞ ȰǱǠǯǰǠǦǰǣǩȵǫǬǯǰȵ ǭǮǦǟȴǩǦ

ǈǬǪǭǞǫǦǦ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ Ǩ ǠǣǮǬȸǰǫǬǪǱ ǦǥǪǣǫǣǫǦȷ

ǬǟǪǣǫǫȴǳ ǨǱǮǯǬǠ (Ǡ ǮǣǥǱǩȵǰǞǰǣ ǦǥǪǣǫǣǫǦǧ Ǡ ǯǭǮǞǠǣǢǩǦ-

ǠǬǧ ǯǰǬǦǪǬǯǰǦ ǪǬǫǣǰǞǮǫȴǳ ǞǨǰǦǠǬǠ Ǧ ǬǟȸǥǞǰǣǩȵǯǰǠ) ǭǮǦ

ǭǬǯǰǬȸǫǫǬǪ ǥǫǞȰǣǫǦǦ Ǡǯǣǳ ǭǮǬȰǦǳ ǭǣǮǣǪǣǫǫȴǳ.

ƾǫǞǩǦǥ ȰǱǠǯǰǠǦǰǣǩȵǫǬǯǰǦ ǟȴǩ ǭǬǢǡǬǰǬǠǩǣǫ ǫǞ ǬǯǫǬǠǞǫǦǦ

ǭǮǣǢǭǬǩǬǤǣǫǦȸ Ǭ ǰǬǪ, ȰǰǬ ǢǬǩȸ ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫ-

ǰǬǠ Ǡ ǦǫǬǯǰǮǞǫǫǬǧ ǠǞǩȷǰǣ ȸǠǩȸǣǰǯȸ ǭǬǯǰǬȸǫǫǬǧ ǠǣǩǦȰǦ-

ǫǬǧ ǫǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ.

2011 ǡ. ǑǠǣǩǦȰǣǫǦǣ/ (ǱǪǣǫȵȱǣǫǦǣ)

Ǡ ǟǞǥǦǯǫȴǳ ǭǱǫǨǰǞǳǑǠǣǩǦȰǣǫǦǣ/ (ǱǪǣǫȵȱǣǫǦǣ)

ǭǮǦǟȴǩǦ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǢǬǩǩǞǮǞ Ǐǖƾ +23.25% 31 528

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǣǠǮǬ +27.20% 12 967

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǮǬǯǯǦǧǯǨǬǡǬ ǮǱǟǩȸ +26.95% (975)

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǢǬǩǩǞǮǞ Ǐǖƾ -23.25% (31 528)

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǣǠǮǬ -27.20% (12 967)

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǮǬǯǯǦǧǯǨǬǡǬ ǮǱǟǩȸ -26.95% 975

2010 ǡ. ǑǠǣǩǦȰǣǫǦǣ/ (ǱǪǣǫȵȱǣǫǦǣ)

Ǡ ǟǞǥǦǯǫȴǳ ǭǱǫǨǰǞǳǑǠǣǩǦȰǣǫǦǣ/ (ǱǪǣǫȵȱǣǫǦǣ)

ǭǮǦǟȴǩǦ ǢǬ ǫǞǩǬǡǬǬǟǩǬǤǣǫǦȸ

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǢǬǩǩǞǮǞ Ǐǖƾ +29.50% 27 780

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǣǠǮǬ +27.90% 10 346

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǮǬǯǯǦǧǯǨǬǡǬ ǮǱǟǩȸ +29.70% (605)

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǢǬǩǩǞǮǞ Ǐǖƾ -29.50% (27 780)

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǣǠǮǬ -27.90% (10 346)

ǆǥǪǣǫǣǫǦǣ ǬǟǪǣǫǫǬǡǬ ǨǱǮǯǞ ǮǬǯǯǦǧǯǨǬǡǬ ǮǱǟǩȸ -29.70% 605



102

ǆǬǡǠǤǮǩȲǥ ǬǤǭǦǈǮǣǢǦǰǫȴǧ ǮǦǯǨ – ȶǰǬ ǮǦǯǨ ǰǬǡǬ, ȰǰǬ ǨǬǫǰǮǞǡǣǫǰ ǫǣ Ǡȴ-

ǭǬǩǫǦǰ ǯǠǬǦǳ ǬǟȸǥǞǰǣǩȵǯǰǠ ǭǬ ǲǦǫǞǫǯǬǠȴǪ ǦǫǯǰǮǱǪǣǫ-

ǰǞǪ ǦǩǦ ǭǬ ǨǬǫǰǮǞǨǰǱ, ȰǰǬ ǪǬǤǣǰ ǭǮǦǠǣǯǰǦ Ǩ ǲǦǫǞǫǯǬǠȴǪ

ǱǟȴǰǨǞǪ. ǁǮǱǭǭǣ ǭǮǦǯǱȲ ǨǮǣǢǦǰǫȴǧ ǮǦǯǨ Ǭǰ ǬǭǣǮǞȯǦǬǫ-

ǫǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ (ǭǮǣǤǢǣ ǠǯǣǡǬ, ǭǬ ǰǬǮǡǬǠǬǧ ǢǣǟǦǰǬǮ-

ǯǨǬǧ ǥǞǢǬǩǤǣǫǫǬǯǰǦ) Ǧ Ǭǰ ǲǦǫǞǫǯǬǠǬǧ ǢǣȸǰǣǩȵǫǬǯǰǦ,

ǠǨǩȷȰǞȸ ǢǣǭǬǥǦǰȴ Ǡ ǟǞǫǨǞǳ Ǧ ǲǦǫǞǫǯǬǠȴǳ ǱȰǮǣǤǢǣǫǦȸǳ,

ǬǭǣǮǞȯǦǦ ǯ ǦǫǬǯǰǮǞǫǫǬǧ ǠǞǩȷǰǬǧ Ǧ ǭǮǬȰǦǣ ǲǦǫǞǫǯǬǠȴǣ

ǦǫǯǰǮǱǪǣǫǰȴ.

ǒǦǫǞǫǯǬǠȴǣ ǦǫǯǰǮǱǪǣǫǰȴ, ǨǬǰǬǮȴǣ ǭǬǰǣǫȯǦǞǩȵǫǬ ǪǬǡǱǰ ǭǮǦǠǣǯǰǦ Ǩ ǯǱȲǣǯǰǠǣǫǫǬǧ ǨǬǫȯǣǫǰǮǞȯǦǦ ǨǮǣǢǦǰǫǬǡǬ ǮǦ-

ǯǨǞ ǁǮǱǭǭȴ, ǯǬǯǰǬȸǰ Ǡ ǬǯǫǬǠǫǬǪ Ǧǥ ǯǮǣǢǯǰǠ Ǡ ǟǞǫǨǣ, ǨǮǞ-

ǰǨǬǯǮǬȰǫȴǳ ǢǣǭǬǥǦǰǬǠ, ǭǮǬȰǦǳ ǬǟǬǮǬǰǫȴǳ ǲǦǫǞǫǯǬǠȴǳ ǞǨǰǦǠǬǠ, Ǟ ǰǞǨǤǣ ǰǬǮǡǬǠǬǧ Ǧ ǭǮǬȰǣǧ ǢǣǟǦǰǬǮǯǨǬǧ ǥǞǢǬǩ-

ǤǣǫǫǬǯǰǦ.

ǏǮǣǢǯǰǠǞ ǁǮǱǭǭȴ ǮǞǥǪǣȲǞȷǰǯȸ Ǡ ǨǮǱǭǫȴǳ ǟǞǫǨǞǳ, ǮǞǯǭǬ-

ǩǬǤǣǫǫȴǳ Ǡ ǑǨǮǞǦǫǣ Ǧ ǦǪǣȷȲǦǳ ǳǬǮǬȱǱȷ ǮǣǭǱǰǞȯǦȷ.

ǂǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǭǮǣǢǯǰǞǠǩǣǫǞ ǥǞ ǠȴȰǣǰǬǪ

ǮǣǥǣǮǠǬǠ ǯǬǪǫǦǰǣǩȵǫǬǧ ǥǞǢǬǩǤǣǫǫǬǯǰǦ. ǁǮǱǭǭǞ ǫǣ ǰǮǣ-

ǟǱǣǰ ǥǞǩǬǡǞ ǭǬ ǲǦǫǞǫǯǬǠȴǪ ǞǨǰǦǠǞǪ. ǈǬǫȯǣǫǰǮǞȯǦȸ ǨǮǣ-

ǢǦǰǫǬǡǬ ǮǦǯǨǞ ǭǬ ǰǬǮǡǬǠǬǧ ǢǣǟǦǰǬǮǯǨǬǧ ǥǞǢǬǩǤǣǫǫǬǯǰǦ

ǬǡǮǞǫǦȰǦǠǞǣǰǯȸ ǰǣǪ ǲǞǨǰǬǪ, ȰǰǬ ǨǩǦǣǫǰǯǨǞȸ ǟǞǥǞ ǈǬǪǭǞ-

ǫǦǦ ǠǨǩȷȰǞǣǰ ǥǫǞȰǦǰǣǩȵǫǬǣ ǨǬǩǦȰǣǯǰǠǬ ǫǣǟǬǩȵȱǦǳ ǨǩǦ-

ǣǫǰǬǠ, ǨǬǰǬǮȴǣ ǯȰǦǰǞȷǰǯȸ ǫǣǯǠȸǥǞǫǫȴǪǦ ǯǰǬǮǬǫǞǪǦ.

ǎǱǨǬǠǬǢǯǰǠǬ ǦǪǣǣǰ ǮǞǥǮǞǟǬǰǞǫǫǱȷ ǨǮǣǢǦǰǫǱȷ ǭǬǩǦǰǦǨǱ, Ǧ ǭǬǰǣǫȯǦǞǩȵǫȴǣ ǨǮǣǢǦǰǫȴǣ ǮǦǯǨǦ ǭǬǯǰǬȸǫǫǬ ǬǰǯǩǣǤǦ-

ǠǞȷǰǯȸ. ǌȯǣǫǨǞ ǮǦǯǨǞ ǬǯǱȲǣǯǰǠǩȸǣǰǯȸ ǭǬ ǠǯǣǪ ǥǞǨǞǥ-

ȰǦǨǞǪ, ǨǬǰǬǮȴǣ ǨǮǣǢǦǰǱȷǰǯȸ ǫǞ ǯǱǪǪǱ, ǭǮǣǠȴȱǞȷȲǱȷ

ǬǭǮǣǢǣǩǣǫǫȴǧ ǩǦǪǦǰ. ǈǮǣǢǦǰǫȴǧ ǮǦǯǨ, ǠǬǥǫǦǨǞȷȲǦǧ ǭǬ

ǲǦǫǞǫǯǬǠȴǪ ǬǭǣǮǞȯǦȸǪ, ǯǫǦǤǞǣǰǯȸ ǭǱǰǣǪ ǢǦǠǣǮǯǦǲǦǨǞ-

ȯǦǦ, ǠȴǟǬǮǞ ǨǬǫǰǮǞǡǣǫǰǬǠ ǦǯǨǩȷȰǦǰǣǩȵǫǬ ǯ ǠȴǯǬǨǦǪ ǨǮǣ-

ǢǦǰǫȴǪ ǮǣǧǰǦǫǡǬǪ Ǧ ǱǯǰǞǫǬǠǩǣǫǦȸ ǩǦǪǦǰǬǠ ǯǬǠǬǨǱǭǫǬǡǬ

ǨǮǣǢǦǰǫǬǡǬ ǮǦǯǨǞ ǭǬ ǨǞǤǢǬǪǱ ǨǬǫǰǮǞǡǣǫǰǱ. ǈǮǣǢǦǰǫȴǧ

ǮǦǯǨ ǁǮǱǭǭȴ ǬǰǯǩǣǤǦǠǞǣǰǯȸ Ǧ ǞǫǞǩǦǥǦǮǱǣǰǯȸ Ǡ ǨǞǤǢǬǪ

ǨǬǫǨǮǣǰǫǬǪ ǯǩǱȰǞǣ, Ǧ ǮǱǨǬǠǬǢǯǰǠǬ ǁǮǱǭǭȴ ǯȰǦǰǞǣǰ, ȰǰǬ

ǨǮǣǢǦǰǫȴǧ ǮǦǯǨ ǞǢǣǨǠǞǰǫǬ ǬǰǮǞǤǣǫ Ǡ ǮǣǥǣǮǠǞǳ ǫǞ ǭǬǨǮȴ-

ǰǦǣ ǱǟȴǰǨǬǠ Ǭǰ ǱǪǣǫȵȱǣǫǦȸ ǭǬǩǣǥǫǬǯǰǦ ǞǨǰǦǠǬǠ.

ǀ ǯǩǣǢǱȷȲǣǧ ǰǞǟǩǦȯǣ ǭǮǣǢǯǰǞǠǩǣǫǞ ǦǫǲǬǮǪǞȯǦȸ ǫǞ 31 ǢǣǨǞǟǮȸ Ǭ ǫǣǢǦǯǨǬǫǰǦǮǬǠǞǫǫȴǳ ǭǩǞǰǣǤǞǳ ǭǬ ǲǦǫǞǫǯǬǠȴǪ Ǭǟȸ-

ǥǞǰǣǩȵǯǰǠǞǪ ǁǮǱǭǭȴ, ǬǰǩǦȰǫȴǪǦ Ǭǰ ǭǮǬǦǥǠǬǢǫȴǳ ǲǦǫǞǫǯǬǠȴǳ ǦǫǯǰǮǱǪǣǫǰǬǠ, Ǡ ǮǞǥǮǣǥǣ ǯǮǬǨǬǠ ǭǬǡǞȱǣǫǦȸ ǢǞǫǫȴǳ Ǭǟȸ-

ǥǞǰǣǩȵǯǰǠ ǭǬ ǯǬǡǩǞȱǣǫǦȸǪ.

2011 ǡ. ǍǬ ǰǮǣǟǬǠǞǫǦȷ ǂǬ 3 ǪǣǯȸȯǣǠ 3-6 ǪǣǯȸȯǣǠ 6-12 ǪǣǯȸȯǣǠ ǆǰǬǡǬ

ǍǮǬȯǣǫǰǫȴǣ ǨǮǣǢǦǰȴ Ǧ ǥǞǧǪȴ 51 223 - - - 51 223

ǋǞȰǦǯǩǣǫǫȴǣ ǭǮǬȯǣǫǰȴ 694 - - - 694

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮ-

ǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ - 855 693 20 424 6 382 882 499

51 917 855 693 20 424 6 382 934 416

2010 ǡ. ǍǬ ǰǮǣǟǬǠǞǫǦȷ ǂǬ 3 ǪǣǯȸȯǣǠ 3-6 ǪǣǯȸȯǣǠ 6-12 ǪǣǯȸȯǣǠ ǆǰǬǡǬ

ǍǮǬȯǣǫǰǫȴǣ ǨǮǣǢǦǰȴ Ǧ ǥǞǧǪȴ 51 043 - - - 51 043

ǋǞȰǦǯǩǣǫǫȴǣ ǭǮǬȯǣǫǰȴ 692 - - - 692

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǨǮǣǢǦǰǬǮ-

ǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ - 462 271 15 694 2 323 480 288

51 735 462 271 15 694 2 323 532 023

ǊǞǨǯǦǪǞǩȵǫȴǧ ǨǮǣǢǦǰǫȴǧ ǮǦǯǨ Ǣǩȸ ǁǮǱǭǭȴ ǫǞ 31 ǢǣǨǞǟǮȸ ǯǬǯǰǬȸǩ Ǧǥ ǯǩǣǢǱȷȲǣǡǬ:

2011 ǡ. 2010 ǟ.

ǂǣǫǣǤǫȴǣ ǯǮǣǢǯǰǠǞ Ǧ Ǧǳ ȶǨǠǦǠǞǩǣǫǰȴ 892 806 1 595 056

ǐǬǮǡǬǠǞȸ Ǧ ǭǮǬȰǞȸ ǢǣǟǦǰǬǮǯǨǞȸ ǥǞǢǬǩǤǣǫǫǬǯǰȵ 510 387 320 553

ǍǮǬȰǦǣ ǬǟǬǮǬǰǫȴǣ ǲǦǫǞǫǯǬǠȴǣ ǞǨǰǦǠȴ 2 627 116 3 349 309

4 030 309 5 264 918



103

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǞǫǞǩǦǥ ǭǬ ǯǮǬǨǞǪ ǭǬǡǞȱǣǫǦȸ ǰǬǮǡǬǠǬǧ Ǧ ǭǮǬȰǣǧ

ǢǣǟǦǰǬǮǯǨǬǧ ǥǞǢǬǩǤǣǫǫǬǯǰǦ ǟȴǩ ǯǩǣǢǱȷȲǦǪ:

ǍǮǬǯǮǬȰǣǫǫǞȸ, ǫǬ ǫǣ ǬǟǣǯȯǣǫǣǫǫǞȸ

ǆǰǬǡǬ

ǋǣ ǭǮǬǯǮǬ-

ȰǣǫǫǞȸ Ǧ ǫǣ

Ǭǟǣǯȯǣǫǣǫ-

ǫǞȸ

ǂǬ 30 Ǣǫǣǧ 30-60 Ǣǫǣǧ 60-90 Ǣǫǣǧ 90-120 Ǣǫǣǧ ƿǬǩǣǣ 120

Ǣǫǣǧ

2011 ǡ. 3 137 503 3 081 733 41 233 2 417 1 385 152 10 583

2010 ǡ. 3 669 862 3 645 030 6 087 4 828 2 479 2 386 9 052

31. ǕǦǯǰǞȸ ǭǮǦǟȴǩȵ ǫǞ ǞǨȯǦȷǏǱǪǪǞ ǟǞǥǬǠǬǧ ǭǮǦǟȴǩǦ ǫǞ ǞǨȯǦȷ ǮǞǯǯȰǦǰȴǠǞǣǰǯȸ ǭǱǰǣǪ ǢǣǩǣǫǦȸ ȰǦǯǰǬǧ ǭǮǦǟȴǩǦ ǥǞ ǡǬǢ, ǭǮǦǳǬǢȸȲǣǧǯȸ ǫǞ ǢǣǮǤǞǰǣ-

ǩǣǧ ǬǟȴȰǫȴǳ ǞǨȯǦǧ ǪǞǰǣǮǦǫǯǨǬǧ ǨǬǪǭǞǫǦǦ, ǫǞ ǯǮǣǢǫǣǠǥǠǣȱǣǫǫǬǣ ȰǦǯǩǬ ǬǟȴȰǫȴǳ ǞǨȯǦǧ, ǫǞǳǬǢȸȲǦǳǯȸ Ǡ ǬǟǮǞȲǣǫǦǦ Ǡ

ǰǣȰǣǫǦǣ ǡǬǢǞ.

ƿǞǥǬǠǞȸ ǭǮǦǟȴǩȵ ǫǞ ǞǨȯǦȷ ǥǞ ǡǬǢȴ, ǥǞǨǬǫȰǦǠȱǦǣǯȸ 31 ǢǣǨǞǟǮȸ, ȸǠǩȸǣǰǯȸ ǯǩǣǢǱȷȲǣǧ:

2011 ǡ. 2010 ǡ.

ǕǦǯǰǞȸ ǭǮǦǟȴǩȵ, ǭǮǦǳǬǢȸȲǞȸǯȸ ǫǞ ǢǣǮǤǞǰǣǩǣǧ ǬǟȴȰǫȴǳ ǞǨȯǦǧ ǪǞǰǣǮǦǫ-

ǯǨǬǧ ǨǬǪǭǞǫǦǦ, Ǣǩȸ ǮǞǯȰǣǰǞ ǯǱǪǪȴ ǟǞǥǬǠǬǧ ǭǮǦǟȴǩǦ ǫǞ ǞǨȯǦȷ 4 267 530 3 677 880

ǏǮǣǢǫǣǠǥǠǣȱǣǫǫǬǣ ǨǬǩǦȰǣǯǰǠǬ ǬǟȴȰǫȴǳ ǞǨȯǦǧ Ǣǩȸ ǮǞǯȰǣǰǞ ǯǱǪǪȴ ǟǞǥǬ-

ǠǬǧ ǭǮǦǟȴǩǦ ǫǞ ǞǨȯǦȷ 10 210 018 10 687 389

ǏǱǪǪǞ ǟǞǥǬǠǬǧ ǭǮǦǟȴǩǦ ǫǞ ǞǨȯǦȷ, Ǡ ǡǮǦǠǫǞǳ 417,97 344,13

ǋǞ 31 ǢǣǨǞǟǮȸ 2011 Ǧ 2010 ǡǡ. ǁǮǱǭǭǞ ǫǣ ǦǪǣǩǞ ǭǬǰǣǫȯǦǞǩȵǫȴǳ ǬǟȴȰǫȴǳ ǞǨȯǦǧ. 7 Ǧȷǫȸ 2011 ǡ. ǋǞȯǦǬǫǞǩȵǫǞȸ ǨǬǪǦǯǯǦȸ ǭǬ

ȯǣǫǫȴǪ ǟǱǪǞǡǞǪ Ǧ ǲǬǫǢǬǠǬǪǱ ǮȴǫǨǱ ǑǨǮǞǦǫȴ ǥǞǮǣǡǦǯǰǮǦǮǬǠǞǩǞ ǠȴǭǱǯǨ 7 000 000 ǞǨȯǦǧ, ǬǯǱȲǣǯǰǠǩǣǫǫȴǧ ǈǬǪǭǞǫǦǣǧ

ǯǬǡǩǞǯǫǬ ǱǨǞǥǞǫǫǬǪǱ ǮǣȱǣǫǦȷ ǬǟȲǣǡǬ ǯǬǟǮǞǫǦȸ ǞǨȯǦǬǫǣǮǬǠ. ƿǬǩǣǣ ǢǣǰǞǩȵǫǞȸ ǦǫǲǬǮǪǞȯǦȸ ǭǮǦǠǣǢǣǫǞ Ǡ ǍǮǦǪǣȰǞǫǦǦ 18.

ǏǫǬǜǞǧǡǩǤǡ ǦǜǫǤǮǜǧǪǨǁǮǱǭǭǞ ǮǞǯǯǪǞǰǮǦǠǞǣǰ ǱǯǰǞǠǫȴǧ ǨǞǭǦǰǞǩ ǨǞǨ ǬǯǫǬǠǫǬǧ Ǧǯ-ǰǬȰǫǦǨ ǲǬǮǪǦǮǬǠǞǫǦȸ ǨǞǭǦǰǞǩǞ. ǐǞǨǤǣ ǁǮǱǭǭǞ ǪǬǤǣǰ ǭǬǡǞ-

ȱǞǰȵ ǥǞǢǬǩǤǣǫǫǬǯǰȵ ǯ ǭǬǪǬȲȵȷ ǨǮǣǢǦǰǬǠ, ǭǮǣǢǬǯǰǞǠǩǣǫ-

ǫȴǳ ǞǨȯǦǬǫǣǮǞǪǦ, ǦǩǦ ǭǱǰǣǪ ǠǫǣȱǫǣǡǬ ǲǦǫǞǫǯǦǮǬǠǞǫǦȸ.

ǔǣǩȸǪǦ ǁǮǱǭǭȴ ǭǮǦ ǱǭǮǞǠǩǣǫǦǦ ǨǞǭǦǰǞǩǬǪ ȸǠǩȸȷǰǯȸ Ǭǟǣ-

ǯǭǣȰǣǫǦǣ ǯǭǬǯǬǟǫǬǯǰǦ ǈǬǪǭǞǫǦǦ ǭǮǬǢǬǩǤǞǰȵ ǲǱǫǨȯǦǬǫǦ-

ǮǬǠǞǰȵ ǫǞ ǫǣǭǮǣǮȴǠǫǬǧ ǬǯǫǬǠǣ ǯ ȯǣǩȵȷ ǭǬǩǱȰǣǫǦȸ ǭǮǦǟȴǩǦ

Ǣǩȸ ǞǨȯǦǬǫǣǮǬǠ Ǧ ǠȴǡǬǢ Ǣǩȸ ǭǮǬȰǦǳ ǥǞǦǫǰǣǮǣǯǬǠǞǫǫȴǳ ǩǦȯ,

Ǟ ǰǞǨǤǣ ǬǟǣǯǭǣȰǣǫǦǣ ǲǦǫǞǫǯǦǮǬǠǞǫǦȸ ǁǮǱǭǭȴ.

ǎǱǨǬǠǬǢǯǰǠǬ ǭǬǯǰǬȸǫǫǬ ǨǬǫǰǮǬǩǦǮǱǣǰ ǯǰǮǱǨǰǱǮǱ ǨǞǭǦǰǞ-

ǩǞ ǁǮǱǭǭȴ Ǧ ǪǬǤǣǰ ǨǬǮǮǣǨǰǦǮǬǠǞǰȵ ǯǠǬȷ ǭǬǩǦǰǦǨǱ Ǧ ȯǣǩǦ

ǱǭǮǞǠǩǣǫǦȸ ǨǞǭǦǰǞǩǬǪ ǯ ǱȰǣǰǬǪ ǦǥǪǣǫǣǫǦǧ Ǡ ǬǭǣǮǞȯǦǬǫ-

ǫǬǧ ǯǮǣǢǣ, ǰǣǫǢǣǫȯǦȸǳ ǮȴǫǨǞ ǦǩǦ ǯǰǮǞǰǣǡǦǦ ǮǞǥǠǦǰǦȸ.

32. ǏǬǟȴǰǦȸ ǭǬǯǩǣǬǰȰǣǰǫǬǡǬ ǭǣǮǦǬǢǞ(i) ǌǜǣǨǡȰǡǩǤǡ ǜǦȭǤǥ ǠǪǫǪǧǩǤǮǡǧȳǩǪǟǪ

ǞȲǫǯǭǦǜ22 ǫǬȸǟǮȸ 2011 ǡ. ǬǟȲǦǪ ǯǬǟǮǞǫǦǣǪ ǞǨȯǦǬǫǣǮǬǠ ǈǬǪǭǞ-

ǫǦǦ ǟȴǩǬ ǭǮǦǫȸǰǬ ǮǣȱǣǫǦǣ Ǭ ȰǞǯǰǫǬǪ ǮǞǥǪǣȲǣǫǦǦ 55 000

ǞǨȯǦǧ ǫǬǪǦǫǞǩȵǫǬǧ ǯǰǬǦǪǬǯǰȵȷ 50 ǡǮǫ ǥǞ ǞǨȯǦȷ. ǀ ǲǣǠ-

ǮǞǩǣ 2012 ǡ. ǢǞǫǫȴǣ ǞǨȯǦǦ ǟȴǩǦ ǮǞǥǪǣȲǣǫȴ ǯǬǡǩǞǯǫǬ

ǯǰ. 22 ǅǞǨǬǫǞ ǑǨǮǞǦǫȴ «ǌǟ ǞǨȯǦǬǫǣǮǫȴǳ ǬǟȲǣǯǰǠǞǳ» ǭǬ

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