ï‰ïƒï1ï€ (1(ï’*<ï€ /ï‰ïï‰ï”(ï„ï€ ï1ï„ï€ ï‰ï”ï“ï€ ïƒï1ï”ï’ï//(ï„ï€ (1ï”ï‰ï”ï‰(ï“
)ïï’ï€ ï”+ï…ï€ <ï…ïï’ï€ ï…ïŽï„ï…ï„ï€ ï€ -8ïŽï…ï€
I ï€
ïŒHDVHV
J ï€ ï€
ï…[SORUDWLRQ ï€ ï…YDOXDWLRQï€ DQGï€ ï„HYHORSPHQWï€ ï…[SHQGLWXUH
K ï€ ï€
ï‰QWHUHVWVï€ LQï€ -RLQWï€ ïUUDQJHPHQWV
-RLQWï€ ïSHUDWLRQV
L ï€
ï”UDGHï€ ïƒUHGLWRUV
M ï€
ïƒDVKï€ DQGï€ ïƒDVKï€ ï…TXLYDOHQWV
/ï¥ï¡ï³ï¥ï€ ï°ï¡ï¹ïï¥ï®ï´ï³ï€ ï¦ï¯ï²ï€ ï¯ï°ï¥ï²ï¡ï´ï©ï®ï§ï€ ï¬ï¥ï¡ï³ï¥ï³ï€¬ï€ ï·ï¨ï¥ï²ï¥ï€ ï³ïµï¢ï³ï´ï¡ï®ï´ï©ï¡ï¬ï¬ï¹ï€ ï¡ï¬ï¬ï€ ï²ï©ï³Nï³ï€ ï¡ï®ï¤ï€ ï¢ï¥ï®ï¥ï¦ï©ï´ï³ï€ ï²ï¥ïï¡ï©ï®ï€ ï·ï©ï´ï¨ï€ ï´ï¨ï¥ï€ ï¬ï¥ï³ï³ï¯ï²ï€¬ï€ ï¡ï²ï¥ï€
ï£ï¨ï¡ï²ï§ï¥ï¤ï€ ï¡ï³ï€ ï¡ï®ï€ ï¥[ï°ï¥ï®ï³ï¥ï€ ï¯ï®ï€ ï¡ï€ ï³ï´ï²ï¡ï©ï§ï¨ï´ ï¬ï©ï®ï¥ï€ ï¢ï¡ï³ï©ï³ï€ ï¯ï¶ï¥ï²ï€ ï´ï¨ï¥ï€ ï¬ï¥ï¡ï³ï¥ï€ ï´ï¥ï²ï
ïŽïï”ï…ï“ï€ ï”ïï€ ï”+ï…ï€ ïƒïïŽï“ïïŒï‰ï„ïï”ï…ï„ï€ )ï‰ïŽïïŽïƒï‰ïïŒï€ ï“ï”ïï”ï…0ï…ïŽï”ï“
ï†ï©ï®ï¡ï®ï£ï¥ï€ ï¬ï¥ï¡ï³ï¥ï³ï€ ï¡ï²ï¥ï€ ï£ï¡ï°ï©ï´ï¡ï¬ï©ï³ï¥ï¤ï€®ï€ ïï€ ï¬ï¥ï¡ï³ï¥ï€ ï¡ï³ï³ï¥ï´ï€ ï¡ï®ï¤ï€ ï¡ï€ ï¬ï¥ï¡ï³ï¥ï€ ï¬ï©ï¡ï¢ï©ï¬ï©ï´ï¹ï€ ï¥ï±ïµï¡ï¬ï€ ï´ï¯ï€ ï´ï¨ï¥ï€ ï°ï²ï¥ï³ï¥ï®ï´ï€ ï¶ï¡ï¬ïµï¥ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ïï©ï®ï©ïïµïï€
ï¬ï¥ï¡ï³ï¥ï€ ï°ï¡ï¹ïï¥ï®ï´ï³ï€ ï©ï³ï€ ï²ï¥ï£ï¯ï²ï¤ï¥ï¤ï€ ï¡ï´ï€ ï´ï¨ï¥ï€ ï©ï®ï£ï¥ï°ï´ï©ï¯ï®ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï¬ï¥ï¡ï³ï¥ï€®ï€ ïƒï¯ï®ï´ï©ï®ï§ï¥ï®ï´ï€ ï²ï¥ï®ï´ï¡ï¬ï³ï€ ï¡ï²ï¥ï€ ï·ï²ï©ï´ï´ï¥ï®ï€ ï¯ï¦ï¦ï€ ï¡ï³ï€ ï¡ï®ï€ ï¥[ï°ï¥ï®ï³ï¥ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€
ï¡ï£ï£ï¯ïµï®ï´ï©ï®ï§ï€ ï°ï¥ï²ï©ï¯ï¤ï€ ï©ï®ï€ ï·ï¨ï©ï£ï¨ï€ ï´ï¨ï¥ï¹ï€ ï¡ï²ï¥ï€ ï©ï®ï£ïµï²ï²ï¥ï¤ï€®ï€ ïƒï¡ï°ï©ï´ï¡ï¬ï©ï³ï¥ï¤ï€ ï¬ï¥ï¡ï³ï¥ï¤ï€ ï¡ï³ï³ï¥ï´ï³ï€ ï¡ï²ï¥ï€ ï¡ïï¯ï²ï´ï©ï³ï¥ï¤ï€ ï¯ï®ï€ ï¡ï€ ï³ï´ï²ï¡ï©ï§ï¨ï´ï€ ï¬ï©ï®ï¥ï€ ï¢ï¡ï³ï©ï³ï€ ï¯ï¶ï¥ï²ï€
ï´ï¨ï¥ï€ ï´ï¥ï²ïï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï²ï¥ï¬ï¥ï¶ï¡ï®ï´ï€ ï¬ï¥ï¡ï³ï¥ï€¬ï€ ï¯ï²ï€ ï·ï¨ï¥ï²ï¥ï€ ï©ï´ï€ ï©ï³ï€ ï¬ï©Nï¥ï¬ï¹ï€ ï´ï¨ï¥ï€ ï£ï¯ï®ï³ï¯ï¬ï©ï¤ï¡ï´ï¥ï¤ï€ ï¥ï®ï´ï©ï´ï¹ï€ ï·ï©ï¬ï¬ï€ ï¯ï¢ï´ï¡ï©ï®ï€ ï¯ï·ï®ï¥ï²ï³ï¨ï©ï°ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï¡ï³ï³ï¥ï´ï€¬ï€ ï´ï¨ï¥ï€
ï¬ï©ï¦ï¥ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï¡ï³ï³ï¥ï´ï€®ï€ /ï¥ï¡ï³ï¥ï€ ï¬ï©ï¡ï¢ï©ï¬ï©ï´ï©ï¥ï³ï€ ï¡ï²ï¥ï€ ï²ï¥ï¤ïµï£ï¥ï¤ï€ ï¢ï¹ï€ ï²ï¥ï°ï¡ï¹ïï¥ï®ï´ï³ï€ ï¯ï¦ï€ ï°ï²ï©ï®ï£ï©ï°ï¡ï¬ï€®ï€ ï”ï¨ï¥ï€ ï©ï®ï´ï¥ï²ï¥ï³ï´ï€ ï£ï¯ïï°ï¯ï®ï¥ï®ï´ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï¬ï¥ï¡ï³ï¥ï€
ï°ï¡ï¹ïï¥ï®ï´ï³ï€ ï©ï³ï€ ï£ï¨ï¡ï²ï§ï¥ï¤ï€ ï´ï¯ï€ ï“ï´ï¡ï´ï¥ïï¥ï®ï´ï€ ï¯ï¦ï€ ïƒï¯ïï°ï²ï¥ï¨ï¥ï®ï³ï©ï¶ï¥ï€ ï‰ï®ï£ï¯ïï¥ï€®ï€
ï†ï¯ï²ï€ ï´ï¨ï¥ï€ ï°ïµï²ï°ï¯ï³ï¥ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï£ï¯ï®ï³ï¯ï¬ï©ï¤ï¡ï´ï¥ï¤ï€ ï³ï´ï¡ï´ï¥ïï¥ï®ï´ï³ï€ ï¯ï¦ï€ ï£ï¡ï³ï¨ï€ ï¦ï¬ï¯ï·ï³ï€¬ï€ ï£ï¡ï³ï¨ï€ ï¡ï®ï¤ï€ ï£ï¡ï³ï¨ï€ ï¥ï±ïµï©ï¶ï¡ï¬ï¥ï®ï´ï³ï€ ï©ï®ï£ï¬ïµï¤ï¥ï€ ï£ï¡ï³ï¨ï€ ï¡ï®ï¤ï€ ï£ï¡ï³ï¨ï€
ï¥ï±ïµï©ï¶ï¡ï¬ï¥ï®ï´ï³ï€ ï¡ï³ï€ ï¡ï¢ï¯ï¶ï¥ï€¬ï€ ï®ï¥ï´ï€ ï¯ï¦ï€ ï¯ïµï´ï³ï´ï¡ï®ï¤ï©ï®ï§ï€ ï¢ï¡ï®Nï€ ï¯ï¶ï¥ï²ï¤ï²ï¡ï¦ï´ï³ï€®ï€ ï€
ï‰ï®ï¶ï¥ï³ï´ïï¥ï®ï´ï³ï€ ï©ï®ï€ Mï¯ï©ï®ï´ï€ ï¡ï²ï²ï¡ï®ï§ï¥ïï¥ï®ï´ï³ï€ ï¡ï²ï¥ï€ ï£ï¬ï¡ï³ï³ï©ï¦ï©ï¥ï¤ï€ ï¡ï³ï€ ï¥ï©ï´ï¨ï¥ï²ï€ Mï¯ï©ï®ï´ï€ ï¯ï°ï¥ï²ï¡ï´ï©ï¯ï®ï³ï€ ï¯ï²ï€ Mï¯ï©ï®ï´ï€ ï¶ï¥ï®ï´ïµï²ï¥ï³ï€®ï€ ï”ï¨ï¥ï€ ï£ï¬ï¡ï³ï³ï©ï¦ï©ï£ï¡ï´ï©ï¯ï®ï€ ï¯ï¦ï€
Mï¯ï©ï®ï´ï€ ï¡ï²ï²ï¡ï®ï§ï¥ïï¥ï®ï´ï³ï€ ï©ï³ï€ ï¤ï¥ï´ï¥ï²ïï©ï®ï¥ï¤ï€ ï¢ï¡ï³ï¥ï¤ï€ ï¯ï®ï€ ï´ï¨ï¥ï€ ï£ï¯ï®ï´ï²ï¡ï£ï´ïµï¡ï¬ï€ ï²ï©ï§ï¨ï´ï³ï€ ï¡ï®ï¤ï€ ï¯ï¢ï¬ï©ï§ï¡ï´ï©ï¯ï®ï³ï€ ï¯ï¦ï€ ï°ï¡ï²ï´ï©ï¥ï³ï€ ï´ï¯ï€ ï´ï¨ï¥ï€ Mï¯ï©ï®ï´ï€
ï¡ï²ï²ï¡ï®ï§ï¥ïï¥ï®ï´ï³ï€ ï²ï¡ï´ï¨ï¥ï²ï€ ï´ï¨ï¡ï®ï€ ï´ï¨ï¥ï€ ï¬ï¥ï§ï¡ï¬ï€ ï³ï´ï²ïµï£ï´ïµï²ï¥ï€ ï¯ï¦ï€ Mï¯ï©ï®ï´ï€ ï¡ï²ï²ï¡ï®ï§ï¥ïï¥ï®ï´ï€®ï€ ï”ï¨ï¥ï€ ï¥ï®ï´ï©ï´ï¹ï€ ï¨ï¡ï³ï€ ï¯ï®ï¬ï¹ï€ Mï¯ï©ï®ï´ï€ ï¯ï°ï¥ï²ï¡ï´ï©ï¯ï®ï³ï€®
ïï®ï¹ï€ ï£ï¨ï¡ï®ï§ï¥ï³ï€ ï©ï®ï€ ï´ï¨ï¥ï€ ï¥ï³ï´ï©ïï¡ï´ï¥ï³ï€ ï¦ï¯ï²ï€ ï´ï¨ï¥ï€ ï£ï¯ï³ï´ï³ï€ ï¡ï²ï¥ï€ ï¡ï£ï£ï¯ïµï®ï´ï¥ï¤ï€ ï¯ï®ï€ ï¡ï€ ï°ï²ï¯ï³ï°ï¥ï£ï´ï©ï¶ï¥ï€ ï¢ï¡ï³ï©ï³ï€®ï€ ï‰ï®ï€ ï¤ï¥ï´ï¥ï²ïï©ï®ï©ï®ï§ï€ ï´ï¨ï¥ï€ ï£ï¯ï³ï´ï³ï€ ï¯ï¦ï€ ï³ï©ï´ï¥ï€
ï²ï¥ï³ï´ï¯ï²ï¡ï´ï©ï¯ï®ï€¬ï€ ï´ï¨ï¥ï²ï¥ï€ ï©ï³ï€ ïµï®ï£ï¥ï²ï´ï¡ï©ï®ï´ï¹ï€ ï²ï¥ï§ï¡ï²ï¤ï©ï®ï§ï€ ï´ï¨ï¥ï€ ï®ï¡ï´ïµï²ï¥ï€ ï¡ï®ï¤ï€ ï¥[ï´ï¥ï®ï´ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï²ï¥ï³ï´ï¯ï²ï¡ï´ï©ï¯ï®ï€ ï¤ïµï¥ï€ ï´ï¯ï€ ï£ï¯ïïïµï®ï©ï´ï¹ï€ ï¥[ï°ï¥ï£ï´ï¡ï´ï©ï¯ï®ï³ï€
ï¡ï®ï¤ï€ ï¦ïµï´ïµï²ï¥ï€ ï¬ï¥ï§ï©ï³ï¬ï¡ï´ï©ï¯ï®ï€®ï€ ïï£ï£ï¯ï²ï¤ï©ï®ï§ï¬ï¹ï€¬ï€ ï´ï¨ï¥ï€ ï£ï¯ï³ï´ï³ï€ ï¨ï¡ï¶ï¥ï€ ï¢ï¥ï¥ï®ï€ ï¤ï¥ï´ï¥ï²ïï©ï®ï¥ï¤ï€ ï¯ï®ï€ ï´ï¨ï¥ï€ ï¢ï¡ï³ï©ï³ï€ ï´ï¨ï¡ï´ï€ ï´ï¨ï¥ï€ ï²ï¥ï³ï´ï¯ï²ï¡ï´ï©ï¯ï®ï€ ï·ï©ï¬ï¬ï€ ï¢ï¥ï€
ï£ï¯ïï°ï¬ï¥ï´ï¥ï¤ï€ ï·ï©ï´ï¨ï©ï®ï€ ï¯ï®ï¥ï€ ï¹ï¥ï¡ï²ï€ ï¯ï¦ï€ ï¡ï¢ï¡ï®ï¤ï¯ï®ï©ï®ï§ï€ ï´ï¨ï¥ï€ ï³ï©ï´ï¥ï€®
ï”ï¨ï¥ï€ ï£ï¯ï®ï³ï¯ï¬ï©ï¤ï¡ï´ï¥ï¤ï€ ï¥ï®ï´ï©ï´ï¹ï€ ï¨ï¡ï³ï€ ï©ï®ï´ï¥ï²ï¥ï³ï´ï³ï€ ï©ï®ï€ Mï¯ï©ï®ï´ï€ ï¡ï²ï²ï¡ï®ï§ï¥ïï¥ï®ï´ï³ï€ ï´ï¨ï¡ï´ï€ ï¡ï²ï¥ï€ Mï¯ï©ï®ï´ï€ ï¯ï°ï¥ï²ï¡ï´ï©ï¯ï®ï³ï€®ï€ ïï³ï€ ï¡ï€ Mï¯ï©ï®ï´ï€ ï¯ï°ï¥ï²ï¡ï´ï¯ï²ï€¬ï€ ï´ï¨ï¥ï€
ï£ï¯ï®ï³ï¯ï¬ï©ï¤ï¡ï´ï¥ï¤ï€ ï¥ï®ï´ï©ï´ï¹ï€ ï²ï¥ï£ï¯ï§ï®ï©ï³ï¥ï³ï€ ï©ï´ï³ï€ ï¤ï©ï²ï¥ï£ï´ï€ ï²ï©ï§ï¨ï´ï€ ï´ï¯ï€ ï´ï¨ï¥ï€ ï¡ï³ï³ï¥ï´ï³ï€¬ï€ ï¬ï©ï¡ï¢ï©ï¬ï©ï´ï©ï¥ï³ï€¬ï€ ï²ï¥ï¶ï¥ï®ïµï¥ï³ï€ ï¡ï®ï¤ï€ ï¥[ï°ï¥ï®ï³ï¥ï³ï€ ï¯ï¦ï€ Mï¯ï©ï®ï´ï€ ï¯ï°ï¥ï²ï¡ï´ï©ï¯ï®ï³ï€
ï¡ï®ï¤ï€ ï©ï´ï³ï€ ï³ï¨ï¡ï²ï¥ï€ ï¯ï¦ï€ ï¡ï®ï¹ï€ Mï¯ï©ï®ï´ï¬ï¹ï€ ï¨ï¥ï¬ï¤ï€ ï¯ï²ï€ ï©ï®ï£ïµï²ï²ï¥ï¤ï€ ï¡ï³ï³ï¥ï´ï³ï€¬ï€ ï¬ï©ï¡ï¢ï©ï¬ï©ï´ï©ï¥ï³ï€¬ï€ ï²ï¥ï¶ï¥ï®ïµï¥ï³ï€ ï¡ï®ï¤ï€ ï¥[ï°ï¥ï®ï³ï¥ï³ï€®ï€ ï”ï¨ï¥ï³ï¥ï€ ï¡ï²ï¥ï€ ï©ï®ï£ï¬ïµï¤ï¥ï¤ï€ ï©ï®ï€ ï´ï¨ï¥ï€
ï²ï¥ï³ï°ï¥ï£ï´ï©ï¶ï¥ï€ ï©ï´ï¥ïï³ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï£ï¯ï®ï³ï¯ï¬ï©ï¤ï¡ï´ï¥ï¤ï€ ï³ï´ï¡ï´ï¥ïï¥ï®ï´ï€ ï¯ï¦ï€ ï¦ï©ï®ï¡ï®ï£ï©ï¡ï¬ï€ ï°ï¯ï³ï©ï´ï©ï¯ï®ï€ ï¡ï®ï¤ï€ ï£ï¯ï®ï³ï¯ï¬ï©ï¤ï¡ï´ï¥ï¤ï€ ï³ï´ï¡ï´ï¥ïï¥ï®ï´ï€ ï¯ï¦ï€ ï£ï¯ïï°ï²ï¥ï¨ï¥ï®ï³ï©ï¶ï¥ï€
ï©ï®ï£ï¯ïï¥ï€®ï€ ï€
/ï¥ï¡ï³ï¥ï³ï€ ï¯ï¦ï€ ï°ï¬ï¡ï®ï´ï€ ï¡ï®ï¤ï€ ï¥ï±ïµï©ï°ïï¥ï®ï´ï€¬ï€ ïµï®ï¤ï¥ï²ï€ ï·ï¨ï©ï£ï¨ï€ ï´ï¨ï¥ï€ ï¥ï®ï´ï©ï´ï¹ï€ ï¯ï²ï€ ï©ï´ï³ï€ ï£ï¯ï®ï´ï²ï¯ï¬ï¬ï¥ï¤ï€ ï¥ï®ï´ï©ï´ï©ï¥ï³ï€ ï¡ï³ï³ïµïï¥ï€ ï³ïµï¢ï³ï´ï¡ï®ï´ï©ï¡ï¬ï¬ï¹ï€ ï¡ï¬ï¬ï€ ï´ï¨ï¥ï€ ï²ï©ï³Nï³ï€
ï¡ï®ï¤ï€ ï¢ï¥ï®ï¥ï¦ï©ï´ï³ï€ ï¯ï¦ï€ ï¯ï·ï®ï¥ï²ï³ï¨ï©ï°ï€¬ï€ ï¢ïµï´ï€ ï®ï¯ï´ï€ ï´ï¨ï¥ï€ ï¬ï¥ï§ï¡ï¬ï€ ï¯ï·ï®ï¥ï²ï³ï¨ï©ï°ï€¬ï€ ï¡ï²ï¥ï€ ï£ï¬ï¡ï³ï³ï©ï¦ï©ï¥ï¤ï€ ï¡ï³ï€ ï¦ï©ï®ï¡ï®ï£ï¥ï€ ï¬ï¥ï¡ï³ï¥ï³ï€®ï€ ïï´ï¨ï¥ï²ï€ ï¬ï¥ï¡ï³ï¥ï³ï€ ï¡ï²ï¥ï€
ï£ï¬ï¡ï³ï³ï©ï¦ï©ï¥ï¤ï€ ï¡ï³ï€ ï¯ï°ï¥ï²ï¡ï´ï©ï®ï§ï€ ï¬ï¥ï¡ï³ï¥ï³ï€®
ï”ï¨ï¥ï€ ï¥ï®ï´ï©ï´ï¹ï€ ï¡ï£ï£ï¯ïµï®ï´ï³ï€ ï¦ï¯ï²ï€ ï´ï¨ï¥ï€ ï¡ï³ï³ï¥ï´ï³ï€¬ï€ ï¬ï©ï¡ï¢ï©ï¬ï©ï´ï©ï¥ï³ï€¬ï€ ï²ï¥ï¶ï¥ï®ïµï¥ï³ï€ ï¡ï®ï¤ï€ ï¥[ï°ï¥ï®ï³ï¥ï³ï€ ï²ï¥ï¬ï¡ï´ï©ï®ï§ï€ ï´ï¯ï€ ï©ï´ï³ï€ ï©ï®ï´ï¥ï²ï¥ï³ï´ï€ ï©ï®ï€ ï¡ï€ Mï¯ï©ï®ï´ï€ ï¯ï°ï¥ï²ï¡ï´ï©ï¯ï®ï€ ï©ï®ï€
ï¡ï£ï£ï¯ï²ï¤ï¡ï®ï£ï¥ï€ ï·ï©ï´ï¨ï€ ï´ï¨ï¥ï€ ïïï“ï‚ï³ï€ ï¡ï°ï°ï¬ï©ï£ï¡ï¢ï¬ï¥ï€ ï´ï¯ï€ ï´ï¨ï¥ï€ ï°ï¡ï²ï´ï©ï£ïµï¬ï¡ï²ï€ ï¡ï³ï³ï¥ï´ï³ï€¬ï€ ï¬ï©ï¡ï¢ï©ï¬ï©ï´ï©ï¥ï³ï€¬ï€ ï²ï¥ï¶ï¥ï®ïµï¥ï³ï€ ï¡ï®ï¤ï€ ï¥[ï°ï¥ï®ï³ï¥ï³ï€®
ïï€ ï¬ï©ï¡ï¢ï©ï¬ï©ï´ï¹ï€ ï©ï³ï€ ï²ï¥ï£ï¯ï²ï¤ï¥ï¤ï€ ï¦ï¯ï²ï€ ï´ï¨ï¥ï€ ï§ï¯ï¯ï¤ï³ï€ ï¡ï®ï¤ï€ ï³ï¥ï²ï¶ï©ï£ï¥ï³ï€ ï²ï¥ï£ï¥ï©ï¶ï¥ï¤ï€ ï°ï²ï©ï¯ï²ï€ ï´ï¯ï€ ï¢ï¡ï¬ï¡ï®ï£ï¥ï€ ï¤ï¡ï´ï¥ï€¬ï€ ï·ï¨ï¥ï´ï¨ï¥ï²ï€ ï©ï®ï¶ï¯ï©ï£ï¥ï¤ï€ ï´ï¯ï€ ï´ï¨ï¥ï€ ï£ï¯ïï°ï¡ï®ï¹ï€
ï¯ï²ï€ ï®ï¯ï´ï€ ï´ï¨ï¡ï´ï€ ï²ï¥ïï¡ï©ï®ï€ ïµï®ï°ï¡ï©ï¤ï€®ï€ ï”ï²ï¡ï¤ï¥ï€ ï£ï²ï¥ï¤ï©ï´ï¯ï²ï³ï€ ï¡ï²ï¥ï€ ï®ï¯ï²ïï¡ï¬ï¬ï¹ï€ ï³ï¥ï´ï´ï¬ï¥ï¤ï€ ï·ï©ï´ï¨ï©ï®ï€ ï€³ï€°ï€ ï¤ï¡ï¹ï³ï€®
ïï£ï£ïµïïµï¬ï¡ï´ï¥ï¤ï€ ï£ï¯ï³ï´ï³ï€ ï©ï®ï€ ï²ï¥ï¬ï¡ï´ï©ï¯ï®ï€ ï´ï¯ï€ ï¡ï®ï€ ï¡ï¢ï¡ï®ï¤ï¯ï®ï¥ï¤ï€ ï¡ï²ï¥ï¡ï€ ï¡ï²ï¥ï€ ï·ï²ï©ï´ï´ï¥ï®ï€ ï¯ï¦ï¦ï€ ï©ï®ï€ ï¦ïµï¬ï¬ï€ ï¡ï§ï¡ï©ï®ï³ï´ï€ ï°ï²ï¯ï¦ï©ï´ ï¬ï¯ï³ï³ï€©ï€ ï©ï®ï€ ï´ï¨ï¥ï€ ï¹ï¥ï¡ï²ï€ ï©ï®ï€ ï·ï¨ï©ï£ï¨ï€
ï´ï¨ï¥ï€ ï¤ï¥ï£ï©ï³ï©ï¯ï®ï€ ï´ï¯ï€ ï¡ï¢ï¡ï®ï¤ï¯ï®ï€ ï´ï¨ï¥ï€ ï¡ï²ï¥ï¡ï€ ï©ï³ï€ ïï¡ï¤ï¥ï€®
ïŽïï”ï…ï€ ï€ ï€ ï“ï”ïï”ï…0ï…ïŽï”ï€ ï)ï€ ïïƒïƒï8ïŽï”ï‰ïŽ*ï€ 3ïïŒï‰ïƒï‰ï…ï“ï€ ïƒRQWLQXHG
ïƒï¡ï³ï¨ï€ ï¡ï®ï¤ï€ ï£ï¡ï³ï¨ï€ ï¥ï±ïµï©ï¶ï¡ï¬ï¥ï®ï´ï³ï€ ï©ï®ï€ ï´ï¨ï¥ï€ ï£ï¯ï®ï³ï¯ï¬ï©ï¤ï¡ï´ï¥ï¤ï€ ï³ï´ï¡ï´ï¥ïï¥ï®ï´ï€ ï¯ï¦ï€ ï¦ï©ï®ï¡ï®ï£ï©ï¡ï¬ï€ ï°ï¯ï³ï©ï´ï©ï¯ï®ï€ ï£ï¯ïï°ï²ï©ï³ï¥ï€ ï£ï¡ï³ï¨ï€ ï¡ï´ï€ ï¢ï¡ï®Nï€ ï¡ï®ï¤ï€ ï©ï®ï€ ï¨ï¡ï®ï¤ï€
ï¡ï®ï¤ï€ ï³ï¨ï¯ï²ï´ ï´ï¥ï²ïï€ ï¤ï¥ï°ï¯ï³ï©ï´ï³ï€ ï·ï©ï´ï¨ï€ ï¡ï®ï€ ï¯ï²ï©ï§ï©ï®ï¡ï¬ï€ ïï¡ï´ïµï²ï©ï´ï¹ï€ ï¯ï¦ï€ ï€°ï€ ï¤ï¡ï¹ï³ï€ ï¯ï²ï€ ï¬ï¥ï³ï³ï€ ï´ï¨ï¡ï´ï€ ï¡ï²ï¥ï€ ï²ï¥ï¡ï¤ï©ï¬ï¹ï€ ï£ï¯ï®ï¶ï¥ï²ï´ï©ï¢ï¬ï¥ï€ ï´ï¯ï€ Nï®ï¯ï·ï®ï€ ï¡ïï¯ïµï®ï´ï³ï€
ï¯ï¦ï€ ï£ï¡ï³ï¨ï€ ï¡ï®ï¤ï€ ï·ï¨ï©ï£ï¨ï€ ï¡ï²ï¥ï€ ï³ïµï¢Mï¥ï£ï´ï€ ï´ï¯ï€ ï©ï®ï³ï©ï§ï®ï©ï¦ï©ï£ï¡ï®ï´ï€ ï²ï©ï³Nï€ ï¯ï¦ï€ ï£ï¨ï¡ï®ï§ï¥ï³ï€ ï©ï®ï€ ï¶ï¡ï¬ïµï¥ï€®
([ï°ï¬ï¯ï²ï¡ï´ï©ï¯ï®ï€¬ï€ ï¥ï¶ï¡ï¬ïµï¡ï´ï©ï¯ï®ï€ ï¡ï®ï¤ï€ ï¤ï¥ï¶ï¥ï¬ï¯ï°ïï¥ï®ï´ï€ ï¥[ï°ï¥ï®ï¤ï©ï´ïµï²ï¥ï€ ï©ï®ï£ïµï²ï²ï¥ï¤ï€ ï©ï³ï€ ï¡ï£ï£ïµïïµï¬ï¡ï´ï¥ï¤ï€ ï©ï®ï€ ï²ï¥ï³ï°ï¥ï£ï´ï€ ï¯ï¦ï€ ï¥ï¡ï£ï¨ï€ ï©ï¤ï¥ï®ï´ï©ï¦ï©ï¡ï¢ï¬ï¥ï€ ï¡ï²ï¥ï¡ï€
ï¯ï¦ï€ ï©ï®ï´ï¥ï²ï¥ï³ï´ï€®ï€ ï”ï¨ï¥ï³ï¥ï€ ï£ï¯ï³ï´ï³ï€ ï¡ï²ï¥ï€ ï¯ï®ï¬ï¹ï€ ï£ï¡ï²ï²ï©ï¥ï¤ï€ ï¦ï¯ï²ï·ï¡ï²ï¤ï€ ï´ï¯ï€ ï´ï¨ï¥ï€ ï¥[ï´ï¥ï®ï´ï€ ï´ï¨ï¡ï´ï€ ï´ï¨ï¥ï¹ï€ ï¡ï²ï¥ï€ ï¥[ï°ï¥ï£ï´ï¥ï¤ï€ ï´ï¯ï€ ï¢ï¥ï€ ï²ï¥ï£ï¯ïµï°ï¥ï¤ï€ ï´ï¨ï²ï¯ïµï§ï¨ï€ ï´ï¨ï¥ï€
ï³ïµï£ï£ï¥ï³ï³ï¦ïµï¬ï€ ï¤ï¥ï¶ï¥ï¬ï¯ï°ïï¥ï®ï´ï€ ï¯ï¦ï€ ï¡ï®ï€ ï¡ï²ï¥ï¡ï€ ï¯ï²ï€ ï³ï¡ï¬ï¥ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï²ï¥ï³ï°ï¥ï£ï´ï©ï¶ï¥ï€ ï¡ï²ï¥ï¡ï€ ï¯ï¦ï€ ï©ï®ï´ï¥ï²ï¥ï³ï´ï€ ï¯ï²ï€ ï·ï¨ï¥ï²ï¥ï€ ï¡ï£ï´ï©ï¶ï©ï´ï©ï¥ï³ï€ ï©ï®ï€ ï´ï¨ï¥ï€ ï¡ï²ï¥ï¡ï€ ï¨ï¡ï¶ï¥ï€
ï®ï¯ï´ï€ ï¹ï¥ï´ï€ ï²ï¥ï¡ï£ï¨ï¥ï¤ï€ ï¡ï€ ï³ï´ï¡ï§ï¥ï€ ï·ï¨ï©ï£ï¨ï€ ï°ï¥ï²ïï©ï´ï³ï€ ï²ï¥ï¡ï³ï¯ï®ï¡ï¢ï¬ï¥ï€ ï¡ï³ï³ï¥ï³ï³ïï¥ï®ï´ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï¥[ï©ï³ï´ï¥ï®ï£ï¥ï€ ï¯ï¦ï€ ï¥ï£ï¯ï®ï¯ïï©ï£ï¡ï¬ï¬ï¹ï€ ï²ï¥ï£ï¯ï¶ï¥ï²ï¡ï¢ï¬ï¥ï€
ï²ï¥ï³ï¥ï²ï¶ï¥ï³ï€®
ïï€ ï²ï¥ï§ïµï¬ï¡ï²ï€ ï²ï¥ï¶ï©ï¥ï·ï€ ï©ï³ï€ ïµï®ï¤ï¥ï²ï´ï¡Nï¥ï®ï€ ï¯ï¦ï€ ï¥ï¡ï£ï¨ï€ ï¡ï²ï¥ï¡ï€ ï¯ï¦ï€ ï©ï®ï´ï¥ï²ï¥ï³ï´ï€ ï´ï¯ï€ ï¤ï¥ï´ï¥ï²ïï©ï®ï¥ï€ ï´ï¨ï¥ï€ ï¡ï°ï°ï²ï¯ï°ï²ï©ï¡ï´ï¥ï®ï¥ï³ï³ï€ ï¯ï¦ï€ ï£ï¯ï®ï´ï©ï®ïµï©ï®ï§ï€ ï´ï¯ï€ ï£ï¡ï²ï²ï¹ï€
ï¦ï¯ï²ï·ï¡ï²ï¤ï€ ï£ï¯ï³ï´ï³ï€ ï©ï®ï€ ï²ï¥ï¬ï¡ï´ï©ï¯ï®ï€ ï´ï¯ï€ ï´ï¨ï¡ï´ï€ ï¡ï²ï¥ï¡ï€ ï¯ï¦ï€ ï©ï®ï´ï¥ï²ï¥ï³ï´ï€®
:ï¨ï¥ï®ï€ ï£ï¯ïïï¥ï²ï£ï©ï¡ï¬ï€ ï°ï²ï¯ï¤ïµï£ï´ï©ï¯ï®ï€ ï£ï¯ïïï¥ï®ï£ï¥ï³ï€¬ï€ ï´ï¨ï¥ï€ ï¡ï£ï£ïµïïµï¬ï¡ï´ï¥ï¤ï€ ï£ï¯ï³ï´ï³ï€ ï¦ï¯ï²ï€ ï´ï¨ï¥ï€ ï²ï¥ï¬ï¥ï¶ï¡ï®ï´ï€ ï¡ï²ï¥ï¡ï€ ï¯ï¦ï€ ï©ï®ï´ï¥ï²ï¥ï³ï´ï€ ï¡ï²ï¥ï€ ï¡ïï¯ï²ï´ï©ï³ï¥ï¤ï€
ï¯ï¶ï¥ï²ï€ ï´ï¨ï¥ï€ ï¬ï©ï¦ï¥ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï¡ï²ï¥ï¡ï€ ï¡ï£ï£ï¯ï²ï¤ï©ï®ï§ï€ ï´ï¯ï€ ï´ï¨ï¥ï€ ï²ï¡ï´ï¥ï€ ï¯ï¦ï€ ï¤ï¥ï°ï¬ï¥ï´ï©ï¯ï®ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï¥ï£ï¯ï®ï¯ïï©ï£ï¡ï¬ï¬ï¹ï€ ï²ï¥ï£ï¯ï¶ï¥ï²ï¡ï¢ï¬ï¥ï€ ï²ï¥ï³ï¥ï²ï¶ï¥ï³ï€®ï€ ïï®ï¹ï€ ï£ï¯ï³ï´ï³ï€ ï¯ï¦ï€
ï³ï©ï´ï¥ï€ ï²ï¥ï³ï´ï¯ï²ï¡ï´ï©ï¯ï®ï€ ï¡ï²ï¥ï€ ï°ï²ï¯ï¶ï©ï¤ï¥ï¤ï€ ï¦ï¯ï²ï€ ï¤ïµï²ï©ï®ï§ï€ ï´ï¨ï¥ï€ ï²ï¥ï¬ï¥ï¶ï¡ï®ï´ï€ ï°ï²ï¯ï¤ïµï£ï´ï©ï¯ï®ï€ ï³ï´ï¡ï§ï¥ï³ï€ ï¡ï®ï¤ï€ ï©ï®ï£ï¬ïµï¤ï¥ï¤ï€ ï©ï®ï€ ï´ï¨ï¥ï€ ï£ï¯ï³ï´ï³ï€ ï¯ï¦ï€ ï´ï¨ï¡ï´ï€ ï³ï´ï¡ï§ï¥ï€®ï€ ï”ï¨ï¥ï€
ï£ï¡ï°ï©ï´ï¡ï¬ï©ï³ï¥ï¤ï€ ï£ï¯ï³ï´ï³ï€ ï²ï¥ï¬ï¡ï´ï©ï®ï§ï€ ï´ï¯ï€ ï³ï©ï´ï¥ï€ ï²ï¥ï³ï´ï¯ï²ï¡ï´ï©ï¯ï®ï€ ï¡ï²ï¥ï€ ï¡ïï¯ï²ï´ï©ï³ï¥ï¤ï€ ï¯ï¶ï¥ï²ï€ ï´ï¨ï¥ï€ ï¬ï©ï¦ï¥ï€ ï¯ï¦ï€ ï´ï¨ï¥ï€ ï°ï¥ï´ï²ï¯ï¬ï¥ïµïï€ ï¡ï³ï³ï¥ï´ï€®

NOTES TOTHE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
60
ICON ENERGY LIMITED
2014 Annual Report ABN 61 058 454 569