Laserfiche WebLink
<br />x 'HEWVHUYLFHSD\PHQWVRIPLOOLRQZHUHPDGHRQWKH:DWHU5HYHQXH%RQGV6HULHVERQGV7KH <br />ERQGVDVVLVWZLWKWKH&LW\¶VSDUWLFLSDWLRQLQWKH'(5:$IDFLOLWLHVH[SDQVLRQSURMHFWWKDWLVQHHGHGWRPHHW <br />UHF\FOHGZDWHUGHPDQGVWKURXJKRXWWKH&LW\ <br /> <br />7KHIROORZLQJWDEOHFRPSDUHVWKHRXWVWDQGLQJEDODQFHVRQORQJWHUPGHEWRIWKH&LW\DVRI-XQHDQG <br /> <br />&LW\RI3OHDVDQWRQ <br />/RQJ7HUP'HEW2XWVWDQGLQJ <br /> <br /> <br />$GGLWLRQDOLQIRUPDWLRQDERXWWKH&LW\¶VORQJWHUPREOLJDWLRQVFDQEHIRXQGLQNote 7LQWKH1RWHVWR%DVLF)LQDQFLDO <br />6WDWHPHQWV <br /> <br />(&2120,&)$&7256$1'1(;7<($5¶6%8'*(7 <br /> <br />3OHDVDQWRQ¶VHFRQRP\LVVWHDGLO\UHFRYHULQJIURPWKHHIIHFWVRIWKH&29,'SDQGHPLF7KHXQHPSOR\PHQWUDWH <br />UHPDLQHGORZDWSHUFHQWLQ-XQHDOWKRXJKLWLVKLJKHUWKDQWKHSHUFHQWLQ-XQH2IILFHYDFDQFLHV <br />DUHSHUFHQWDWWKHHQGRI)<ZKLFKLVRQO\VOLJKWO\KLJKHUWKDQSHUFHQWDWWKHFORVHRI)< <br />$OWKRXJKKRPHVDOHDFWLYLWLHVLQ3OHDVDQWRQGHFOLQHGLQ)<KRPHSULFHVUHPDLQHGVWURQJ+RWHOWD[ <br />H[SHULHQFHGVLJQLILFDQWUHFRYHU\LQ)<EXWWKLVOHYHORILPSURYHPHQWLVQRWH[SHFWHGWRFRQWLQXHDQGVWHDG\ <br />JURZWKLVSURMHFWHGEDVHGRQWUDYHOLQGXVWU\RXWORRN <br /> <br />2YHUDOOWKH*HQHUDO)XQGDQWLFLSDWHVPRGHVWUHYHQXHJURZWKLQ)<:KLOHWKH&LW\¶VILQDQFLDORXWORRNLV <br />SRVLWLYHLQWKHQHDUWHUPIDFWRUVVXFKDVFRQVXPHUVSHQGLQJLQIODWLRQKRXVLQJPDUNHWDQGHFRQRPLFVORZGRZQ <br />PD\LPSDFWWKHHFRQRP\DQGFLW\RSHUDWLRQV&LW\VWDIIZLOOFRQWLQXHWRPRQLWRUWKHNH\HFRQRPLFLQGLFDWRUVFORVHO\ <br />DQGLPSOHPHQWEXGJHWVWUDWHJLHVLIQHFHVVDU\ <br /> <br />$GGLWLRQDOGHWDLOVRQWKHHFRQRP\RIWKH&LW\DUHGLVFXVVHGLQWKHDFFRPSDQ\LQJ7UDQVPLWWDO/HWWHU <br /> <br />5(48(67)25,1)250$7,21 <br /> <br />7KLV ILQDQFLDO UHSRUW LV GHVLJQHG WR SURYLGH RXU UHVLGHQWLDO DQG EXVLQHVV FRPPXQLW\ WD[SD\HUV FXVWRPHUV <br />LQYHVWRUVDQGFUHGLWRUVZLWKDJHQHUDORYHUYLHZRIWKH&LW\¶VILQDQFHV4XHVWLRQVFRQFHUQLQJDQ\RIWKHLQIRUPDWLRQ <br />SURYLGHGLQWKLVUHSRUWRUUHTXHVWVIRUDGGLWLRQDOILQDQFLDOLQIRUPDWLRQVKRXOGEHDGGUHVVHGWRWKH'LUHFWRURI)LQDQFH <br />32%R[3OHDVDQWRQ&DOLIRUQLD <br /> <br />&DOLIRUQLD(QHUJ\&RPPLVVLRQ <br /> &(&   <br />+8'6HFWLRQ/RDQ   <br />*ROI&RXUVH)LQDQFHG3XUFKDVH   <br />&DOLIRUQLD&OHDQ:DWHU65)/RDQ   <br />:DWHU5HYHQXH%RQGV6HULHV <br />  <br />727$/ <br />*RYHUQPHQWDO$FWLYLWLHV %XVLQHVVW\SH$FWLYLWLHV 7RWDO <br />24 <br />Page 213 of 554