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7/29/2019 Hannans Quarterly Report 2013 | Q2
1/11
:`h Uuertcr Ebtdvdtdcs Zcport :>5:/:>52 (Eac`hch)
Iest Iebts
ER\ Bohc7 L@ZBepdtef Rtrubturc
Rlercs o` dssuc73.9aOptdo`s o` dssuc74.2aAermct bep7$52.2a (et :.2b)Joerh oi Hdrcbtors
Ae`ekd`k Hdrcbtor7Heade` Ldbms
@o`-Cxcbut dvc Hdrcbtors7Ofoi Iorsfu`h
Aermus Jeblae``
Go`etle` Aurrey
Mcy ^rogcbts
Rwchc`Zemmurdgomd (Dro` hcposdt)
^eltoleverc (Boppcr-Kofh hcposdt)
Hcer Rlerclofhcrs,
Hurd`k tlc :`h Uuertcr Obtojcr Hcbca jcr :>5:) Le``e`s7 E``ou`bch e `cw GOZB Cxpforetdo` Xerkctd ior tlc ^eltoleverc
boppcr-kofh progcbt d` `ortlcr` Rwchc`=
Zcbcdvch tlc jefe`bc oi essey rcsufts ior tlc Zemmurdgomd dro` hcposdtd` `ortlcr` Rwchc`=
Ehve`bch e sbopd`k stuhy ior tlc Zemmurdgomd dro` hcposdt= Ehve`bch tlc proposch hdvcstac`t oi `o`-borc `dbmcf e`h kofh
progcbts d` [cstcr` Eustrefde=
Zcbcdvch e Bo-Iu`hch Hrdffd`k kre`t oi $8>,>>> ior tlc At Korho``dbmcf prospcbt d` [cstcr` Eustrefde
E``ou`bch e jd`hd`k Lcehs oi Ekrccac`t ior tlc sefc oi tlcHdsbovcry Wo`c boppcr prospcbt d` `ortlcr` Rwchc` to Evefo`
Ad`crefs Fdadtch, tlet sujscquc`tfy fepsch jy autuef ekrccac`t
Zedsch $5.;: adffdo` tlroukl e Rlerc ^urblesc ^fe` e`h ^febcac`t. E``ou`bch tlc rctdrcac`t oi two fo`k-scrvd`k Le``e`s hdrcbtorsHurd`k tlc 2 rh Uuertcr Ge`uery Aerbl :>52) Le``e`s p fe`s to7Zemmurdgomd (Dro` hcposdt)
Zcfcesc e Rbopd`k Rtuhy ior Zemmurdgomd^eltoleverc (Boppcr-Kofh hcposdt) Boapfctc e` Cfcbtro Aek`ctdb (CA ) kcoplysdbef survcy= Boapfctc Bojre kcoblcadbef seapfd`k.
Efteveere (Boppcr-kofh prospcbt)
Boapfctc Bojre kcoblcadbef seapfd`k^fcesc `otc wc prcvdousfy d`hdbetch tlet tlc Zemmurdgomd sbopd`k stuhy
woufh jc rcfcesch hurd`k Ge`uery :>52. [c `ow cxpcbt to rcfcesc tlc
stuhy d` tlc idrst wccm oi Icjruery :>52. [c erc temd`k ehhdtdo`ef tdac to
bo`sdhcr tlc dapebt, di e`y, o` rcbc`t hcvcfopac`ts wdtl Xoro`to Rtobm
Cxble`kc fdstch boape`y @ortlfe`h Zcsourbcs D`b wlo levc rcbc`tfy
boaac`bch ad`d`k dro` orc 5ma iroa Zemmurdgomd.
Tours iedtliuffy
Ae`ekd`k Hdrcbtor
25 Ge`uery :>52
7/29/2019 Hannans Quarterly Report 2013 | Q2
2/11
LE@@E@R : ` h U S E Z X C Z E B X D Y D X DC R Z C ^ O Z X :>5:/:>52 :
C\^FOZEXDO@
RSAAEZT E @H LDKLF DKLXRJy Ea e`he Rbott , Cxp foretdo` Ae`ekcrLe``e`s lofhs e portiofdo oi ad`cref esscts d` Rwchc`, @orwey e`h Eustrefde. Dts huef stretcky ds iobusch o`
brcetd`k e petlwey to prohubtdo` ior tlc Mdru`e Dro` ^rogcbt d` Rwchc`, suppfcac`tch wdtl prcbdous e`h
otlcr jesc actefs cxpforetdo` d` Rwchc`, @orwey e`h Eustrefde.
RuaaeryRwchc` & @orwey
Xwo aed` progcbts7 Zemmurdgomd (Dro`) e`h ^eltoleverc (Boppcr-Kofh) erc fobetch wdtld`9ma iroa tlc Mdru`e tow` sdtc (e iuff scrvdbc ad`d`k tow`) e`h tlc :Jt Mdru`e dro` ad`c
(ow`ch jy FMEJ) tlc worfhs ferkcst e`h aost aohcr` u`hcrkrou`h dro` ad`c.
^dpcfd`c oi progcbts bovcrd`k kofh, boppcr-kofh e`h fceh-zd`b prospcbts d` Rwchc` e`h @orwey.Eustrefde
Iorrcste`de `dbmcf & kofh progcbt fobetch ;ma `ortl oi [cstcr` Erces Ifyd`k Iox `dbmcf ad`c. Femc Gol`sto` `dbmcf & kofh progcbt fobetch :3ma soutl cest oi @ordfsms Aekkdc Leys `dbmcf ad`c
e`h 5>>mas wcst oi @orscae`, [cstcr` Eustrefde.
Uucc` Ydbtorde Zobms `dbmcf e`h kofh progcbt fobetch 2>ma soutl-wcst oi Boofkerhdc, [cstcr`Eustrefde.
Cest ^dfjere ^rogcbt kofh e`h jesc actefs progcbts fobetch cest oi @cwae`, [cstcr` Eustrefde.
Ldklf dklts Rwchc` & @orwey
D`idff hdeao`h hrdffd`k prokreaac bo`sdstd`k oi 54 lofcs (totef 9,928a) wes boapfctch d` Rcptcajcr:>5: et tlc Zemmurdgomd dro` hcposdt, Rwchc`7
o Ldkl krehc dro` ad`crefdsetdo` d`tcrbcptch iroa d`idff hrdffd`k et Zemmurdgomd dro` hcposdtd`bfuhd`k 35a N 89.9% Ic iroa 5
7/29/2019 Hannans Quarterly Report 2013 | Q2
3/11
LE@@E@R : ` h U S E Z X C Z E B X D Y D X DC R Z C ^ O Z X :>5:/:>52 2
MDZS@E DZO@ ^ZOGCBXZEMMSZD GOMD
Hurd`k tlc Uuertcr tlc jefe`bc oi dro` esseys wcrc rcbcdvch iroa Zemmurdgomd= jcttcr rcsufts d`bfuhch7o 45 .25a N 35 .2 Ic (ZGO5:>:: iroa 252.::a)o 3: .45a N 8: .< Ic (ZGO5:>:> iroa :>9.5:4 iroa :35. .;; Bu, > .;4a N 5 .9 Bu, : .:k/t Eu e`h 8< .: Iciroa 823a
Xejfc 57 Hrdffd`k rcsufts rcbcdvch iroa Zemmurdgomd dro` hcposdtLofc DH @ortl d`k(ZX4>) Cest d`k(ZX4>) Hdp Ez dautl Iroa(a) Xo(a) D`tcrbcpt Ic
ZGO5:>:> ;3:;;:8 594 3:.45 8:.:5 ;3:;98: 598.< :3.98 89.52:5.5 23;.>3 23.43 88.5
293 8>5.59 29.59 2:: ;3:;3:3 ;3:;4.5 29.8 :4.:9 ;3:;
7/29/2019 Hannans Quarterly Report 2013 | Q2
4/11
LE@@E@R : ` h U S E Z X C Z E B X D Y D X DC R Z C ^ O Z X :>5:/:>52 8
Idkurc 57 Hrdfflofc fobetdo` pfe` et Zemmurdgomd Dro` hcposdt, Rwchc` (@otc7 MDEJ rcicrs to Mdru`e Dro` EJ, ewloffy ow`ch sujsdhdery oi Le``e`s Zcwerh Fth).
7/29/2019 Hannans Quarterly Report 2013 | Q2
5/11
LE@@E@R : ` h U S E Z X C Z E B X D Y D X DC R Z C ^ O Z X :>5:/:>52 3
^ZCBDOSR E@H JERC ACXEFR ^ZOGCBXR^ELXOLEYEZC
Hurd`k tlc Uuertcr e `cw boppcr-kofh GOZB Cxpforetdo` Xerkct befbufetdo` wes rcfcesch ior^eltoleverc. Xlc ldstordb ^eltoleverc boppcr-kofh ad`c ds fobetch -2.> 5.3-:.3Oxdhc 5.2-5.; :.>-:.: >.3-5.3Xotef (Oxdhc +Ircsl) 8.>-:.;> hdeao`h hrdfflofcs, esseys e`h e ferkc kcoblcadbef hetesct wes boapfctch hurd`ktlc Uuertcr.
Zcd`tcrprctetdo` oi ldstordb kcoplysdbs wes efso boapfctch hurd`k tlc Uuertcr e`h e `cw krou`h-jeschidxch-foop CA survcy les jcc` pfe``ch to iurtlcr hcid`c e ferkc edrjor`c CA e`oaefy= tlc survcy dssblchufch to boaac`bc d` cerfy Icjruery :>52.
Xlc GOZB Cxpforetdo` Xerkct les jcc` sujgcbtch to hdeao`h hrdff tcstd`k, krou`h kcoplysdbs e`h d`tcrprctetdo`
jy tlc Kcofokdbef Rurvcy oi Rwchc`, rcvdcwch jy Ar Xloaes Fd`hlofa, oi KcoYdste EJ. Xlc potc`tdef que`tdty
e`h krehc oi tlc cxpforetdo` terkcts ds bo`bcptuef d` `eturc, tlcrc les jcc` d`suiidbdc`t d`tcrprctetdo` to hcid`c e
GOZB Ad`cref Zcsourbc e`h dt ds u`bcrted` di iurtlcr d`tcrprctetdo` wdff rcsuft d` tlc hctcrad`etdo` oi e GOZB
Ad`cref Zcsourbc.
EFXEYEEZE
Xlc Efteveere dro` prospcbt ds fobetch d` tlc Mdru`e @ortl Luj, 53ma soutl oi Mdru`e e`h gust 9>>airoa tlc C5> ldklwey.
E 5>>-seapfc Bojre kcoblcadstry prokreaac wes d`dtdetch d` cerfy Ge`uery et Efteveere. Xlckcoblcadstry prokreaac ds hcsdk`ch to ioffow-up o` tlc sleffow (6:>a) ldkl-krehc boppcr-kofh
d`tcrbcpt aehc d` Ge`uery :>5:= 2a N 5.2% Bu, 3.:k/t Eu. Kcoblcadbef rcsufts erc cxpcbtch d` tlc 2 rh
Uuertcr :>52.
^ZOGCBX ^D^CFD@CFEMC GOL@RXO@
Hurd`k tlc quertcr, Le``e`s wes ewerhch tlc Bo-Iu`hch Hrdffd`k Kre`t oiicrch u`hcr tlc [E CDR.Xlc kre`t ds vefuch et up to $8>,>>> e`h bovcrs 3>% oi eff hdrcbt hrdffd`k bosts ior tlc proposch
prokrea.
Xlc kre`t wes rcbcdvch ior hrdffd`k to jc bo`hubtch et tlc At Korho` `dbmcf prospcbt et tlc FemcGol`sto` progcbt. Le``e`s les proposch tlet idvc hccp ZB pcrbussdo` hrdff lofcs jc boapfctch to tcst
tlc jesef bo`tebt oi tlc uftreaeidb scquc`bc ior `dbmcf sufpldhc ad`crefdsetdo`. Rujscquc`t how`-lofc
cfcbtroaek`ctdb survcyd`k oi tlc lofcs wdff efso jc bo`hubtch u`hcr tlc proposch worm prokrea.
E sd`kfc ZB lofc wes boapfctch d` Icjruery :>5: tcstd`k e bo-d`bdhc`t `dbmcf-boppcr eukcr e`oaefywldbl d`tcrbcptch `dbmcf sufpldhc ad`crefdsetdo`. Zcsufts d`bfuhch7
o 8.2% @d iroa 59ao :a N >.39% @d iroa 49ao 59a N >.:9% @d iroa 55
7/29/2019 Hannans Quarterly Report 2013 | Q2
6/11
LE@@E@R : ` h U S E Z X C Z E B X D Y D X DC R Z C ^ O Z X :>5:/:>52 9
@DBMCF ^ZOGCBX HDYCRXAC@XLe``e`s ds prokrcssd`k wdtl tlc hdvcstac`t oi dts `dbmcf e`h kofh progcbt portiofdo d` [cstcr` Eustrefde, wldbl
d`bfuhcs tlc7
Iorrcste`de ^rogcbt (cest oi Lyhc`) Femc Gol`sto` ^rogcbt (wcst oi @orscae`) Uucc` Ydbtorde Zobms ^rogcbt (soutl-wcst oi Boofkerhdc)
Et tlc c`h oi tlc quertcr tlc boape`y wes d` hdsbussdo`s wdtl e `uajcr oi kroups rcfetd`k to tlc hdvcstac`t
probcss, lowcvcr `o ioraef ekrccac`ts levc yct jcc` rceblch d` rcfetdo` to e`y proposch tre`sebtdo`s.
B O@ XE B XRIor iurtlcr d`ioraetdo` pfcesc bo`tebt7
Heade` Ldbms
Ae`ekd`k Hdrcbtor
Eae`he Rbott
Cxpforetdo` Ae`ekcr
Jc` Hcffe-Ychove
Jusd`css Hcvcfopac`t Ae`ekcr
Xcf7 +95 < 42:8 22>8 chdtdo` oi tlc Eustrefde`
Bohc ior tlc Zcportd`k oi Cxpforetdo` Zcsufts, Ad`cref Zcsourbcs e`h Orc Zcscrvcs. As Rbott bo`sc`ts to tlc
d`bfusdo` d` tlc rcport oi tlc aettcrs jesch o` tlc d`ioraetdo` d` tlc iora e`h bo`tcxt d` wldbl dt eppcers.
Boa pctc`t ^crso`s Rtetcac`t-Cxpforet do` XerkctsXlc d`ioraetdo` d` tlds hobuac`t tlet rcfetcs to GOZB Cxpforetdo` Xerkcts ds jesch o` d`ioraetdo` rcvdcwch jy
Ar Xloaes Fd`hlofa oi KcoYdste EJ, Fufc, Rwchc` ebtd`k es e` d`hcpc`hc`t Boapctc`t ^crso`. Ar
Fd`hlofa ds e Icffow oi tlc Eustrefesde` D`stdtutc oi Ad`d`k e`h Acteffurky. Ar Fd`hlofa ds quefdidch to jc e
Boapctc`t ^crso` es hcid`ch jy tlc GOZB Bohc o` tlc jesds oi tred`d`k e`h cxpcrdc`bc d` tlc cxpforetdo`,
ad`d`k e`h cstdaetdo` oi ad`cref rcsourbcs oi kofh, jesc actef e`h dro` hcposdts. Ar Fd`hlofa bo`sc`ts to tlc
d`bfusdo` d` tlc rcport oi tlc aettcrs jesch o` tlc d`ioraetdo` d` tlc iora e`h bo`tcxt d` wldbl dt eppcers.
7/29/2019 Hannans Quarterly Report 2013 | Q2
7/11
Eppc`hdx 3J
Ad`d`k cxpforetdo` c`tdty quertcrfy rcport
+ Rcc bleptcr 54 ior hcid`ch tcras.
2>/4/:>>5 Eppc`hdx 3J ^ekc 5
Zufc 3.2
Eppc`hdx 3J
Ad`d`k cxpforetdo` c`tdty quertcrfy rcportD`trohubch 5/;/49. Ordkd`7 Eppc`hdx >5, >5/>9/5>.
@eac oi c tdty
LE@@E@R ZC[EZH FXH
EJ@ Uuertcr c`hch (burrc`t quertcr)
3: >44 5:
Bo`sofdhetch stetcac`t oi besl ifows
Besl ifows rcfetch to opcretd`k ebtdvdtdcsBurrc`t quertcr
$E>>>Tcer to hetc(9 ao`tls)
$E>>>
5.5 Zcbcdpts iroa prohubt sefcs e`h rcfetch hcjtors - -
5.: ^eyac`ts ior (e) cxpforetdo` & cvefuetdo`(j) hcvcfopac`t(b) prohubtdo`(h) ehad`dstretdo`
(5,::8)--
(9;3)(9)
(:,;2;)--
(5,282)(9)5.2 Hdvdhc`hs rcbcdvch - -5.8 D`tcrcst e`h otlcr dtcas oi e sdadfer `eturc
rcbcdvch54 :;
5.3 D`tcrcst e`h otlcr bosts oi id`e`bc pedh (5;; (;)
-5.5> Foe`s to otlcr c`tdtdcs - -5.55 Foe`s rcpedh jy otlcr c`tdtdcs - -5.5: Otlcr (Hdrcbtor Foe`) 33 533
@ct d`vcstd`k besl ifows :,8>4 9,:::
5.52 Xotef opcretd`k e`h d`vcstd`k besl ifows (berrdchiorwerh)
355 :,552
7/29/2019 Hannans Quarterly Report 2013 | Q2
8/11
Eppc`hdx 3J
Ad`d`k cxpforetdo` c`tdty quertcrfy rcport
+ Rcc bleptcr 54 ior hcid`ch tcras.
Eppc`hdx 3J ^ekc : 2>/4/:>>5
5.52 Xotef opcretd`k e`h d`vcstd`k besl ifows(jrouklt iorwerh)
355 :,552
Besl ifows rcfetch to id`e`bd`k ebtdvdtdcs5.58 ^robcchs iroa dssucs oi slercs, optdo`s, ctb. 5,;83 5,;83
5.53 ^robcchs iroa sefc oi ioricdtch slercs - -5.59 ^robcchs iroa jorrowd`ks - -5.5; Zcpeyac`t oi jorrowd`ks (33:) (:,552)5.5< Hdvdhc`hs pedh - -5.54 Otlcr (provdhc hctedfs di aetcrdef) (39) (39)
@ct id`e`bd`k besl ifows 5,52; (8:8)
@ct d`brcesc (hcbrcesc) d` besl lcfh 5,98< 5,9 Besl et jckd``d`k oi quertcr/ycer to hetc 88< 8> - (5)
5.:: Besl et c`h oi quertcr :,>49 :,>49
^eyac`ts to hdrcbtors oi tlc c`tdty e`h essobdetcs oi tlc hdrcbtors
^eyac`ts to rcfetch c`tdtdcs oi tlc c`tdty e`h essobdetcs oi tlc rcfetch c`tdtdcsBurrc`t quertcr
$E'>>>
5.:2 Ekkrcketc eaou`t oi peyac`ts to tlc pertdcs d`bfuhch d` dtca 5.: 53>
5.:8 Ekkrcketc eaou`t oi foe`s to tlc pertdcs d`bfuhch d` dtca 5.5> -
5.:3 Cxpfe`etdo` `cbcssery ior e` u`hcrste`hd`k oi tlc tre`sebtdo`s5.:2 ^eyac`t oi cxcbutdvc e`h o`-cxcbutdvc hdrcbtors iccs.
@o`-besl id`e`bd`k e`h d`vcstd`k ebtdvdtdcs
:.5 Hctedfs oi id`e`bd`k e`h d`vcstd`k tre`sebtdo`s wldbl levc leh e aetcrdef ciicbt o bo`sofdhetchesscts e`h fdejdfdtdcs jut hdh ot d`vofvc besl ifows
@/E
:.: Hctedfs oi outfeys aehc jy otlcr c tdtdcs to cstejfdsl or d`brcesc tlcdr slerc d` progcbts d` wldbl tlcrcportd`k c`tdty les e` d`tcrcst
@/E
7/29/2019 Hannans Quarterly Report 2013 | Q2
9/11
Eppc`hdx 3J
Ad`d`k cxpforetdo` c`tdty quertcrfy rcport
+ Rcc bleptcr 54 ior hcid`ch tcras.
2>/4/:>>5 Eppc`hdx 3J ^ekc 2
Id`e`bd`k iebdfdtdcs evedfejfcEhh `otcs es `cbcssery ior e u`hcrste`hd`k oi tlc posdtdo .
Eaou`t evedfejfc$E>>>
Eaou`t usch$E>>>
2.5 Foe` iebdfdtdcs 33; (>
8.5 Cxpforetdo` e`h cvefuetdo` ;>>
8.: Hcvcfopac`t -
8.2 ^rohubtdo` -
8.8 Ehad`dstretdo`
-Borporetc Ehad`dstretdo`
-Foe` Zcpeyac`t
33>
:3>
Xotef 5,3>>
Zcbo`bdfdetdo` oi besl
Zcbo`bdfdetdo` oi besl et tlc c`h oi tlc quertcr (esslow` d` tlc bo`sofdhetch stetcac`t oi besl ifows) to
tlc rcfetch dtcas d` tlc ebbou`ts ds es ioffows.
Burrc`t quertcr$E>>>
^rcvdous quertcr$E>>>
3.5 Besl o` le`h e`h et je`m :,>49 8849 88>% >%
9.: D`tcrcsts d` ad`d`ktc`cac`ts ebqudrch ord`brcesch
^;;/8>5>^;;/8>55^;;/8>5:^;;/8>52^;;/8>58
Kre`tchKre`tchKre`tchKre`tchKre`tch
>%>%>%>%>%
5>>%5>>%5>>%5>>%5>>%
7/29/2019 Hannans Quarterly Report 2013 | Q2
10/11
Eppc`hdx 3J
Ad`d`k cxpforetdo` c`tdty quertcrfy rcport
+ Rcc bleptcr 54 ior hcid`ch tcras.
Eppc`hdx 3J ^ekc 8 2>/4/:>>5
Dssuch e`h quotch scburdtdcs et c`h oi burrc`t quertcrHcsbrdptdo` d`bfuhcs retc oi d`tcrcst e h e`y rchcaptdo` or bo`vcrsdo rdklts tokctlcr wdtl prdbcs e`h hetcs.
Xotef `uajcr @uajcr quotch Dssuc prdbc pcrscburdty (scc
`otc 2) (bc`ts)
Eaou`t pedh up pcrscburdty (scc `otc 2)
(bc`ts);.5 ^rcicrc`bc
+scburdtdcs(hcsbrdptdo`)
- - - -
;.: Ble`kcs hurd`kquertcr(e) D`brcescstlroukl dssucs(j) Hcbrcescstlroukl rctur`s oibepdtef, juy-jebms,rchcaptdo`s
-
-
-
-
-
-
-
-
;.2 +Orhd`eryscburdtdcs 3,925,;2> 3,925,;2> - -
;.8 Ble`kcs hurd`kquertcr(e) D`brcescstlroukl dssucs
(j) Hcbrcescstlroukl rctur`s oibepdtef, juy-jebms
5>>,>,>>,>>>5,>>>,>>>:,>>>,>>>5,:>>,>>>
4>>,>>>4>>,>>>2>>,>>>
-Cxcrbdsc prdbc
52 bc`ts bc`ts:> bc`ts
< bc`ts
5; bc`ts:3 bc`ts; bc`ts
Cxpdry hetc5 Icjruery :>52
2> Gu`c :>522> Gu`c :>52
2> Gu`c :>52
2> Gu`c :>522> Gu`c :>5253 Rcptcajcr :>52
;.< Dssuch hurd`kquertcr
- - - -
;.4 Cxcrbdsch hurd`kquertcr
- - - -
;.5> Cxpdrch hurd`kquertcr
:5,45>,>5; - ; bc`ts 25 Obtojcr :>5:
;.55 Hcjc`turcs(totefs o`fy)
- -
;.5: S`scburch `otcs(totefs o`fy)
- -
7/29/2019 Hannans Quarterly Report 2013 | Q2
11/11
Eppc`hdx 3J
Ad`d`k cxpforetdo` c`tdty quertcrfy rcport
+ Rcc bleptcr 54 ior hcid`ch tcras.
2>/4/:>>5 Eppc`hdx 3J ^ekc 3
Boapfde`bc stetcac`t5 Xlds stetcac`t les jcc` prcperch u`hcr ebbou`td`k pofdbdcs wldbl boapfy wdtl
ebbou`td`k ste`herhs es hcid`ch d` tlc Borporetdo`s Ebt :>>5.
: Xlds stetcac`t hocs kdvc e truc e`h iedr vdcw oi tlc aettcrs hdsbfosch.
Adblecf BredkBoape`y Rcbrctery25 Ge`uery :>52
@otcs5 Xlc quertcrfy rcport provdhcs e jesds ior d`iorad`k tlc aermct low tlc c`tdtys
ebtdvdtdcs levc jcc` id`e`bch ior tlc pest quertcr e`h tlc ciicbt o` dts besl posdtdo`. E`
c`tdty we`td`k to hdsbfosc ehhdtdo`ef d`ioraetdo` ds c`bourekch to ho so, d` e `otc or`otcs etteblch to tlds rcport.
: Xlc @eturc oi d`tcrcst (dtcas 9.5 e`h 9.:) d`bfuhcs optdo`s d` rcspcbt oi d`tcrcsts d`ad`d`k tc`cac`ts ebqudrch, cxcrbdsch or fepsch hurd`k tlc rcportd`k pcrdoh. Di tlcc`tdty ds d`vofvch d` e god`t vc`turc ekrccac`t e`h tlcrc erc bo`hdtdo`s prcbchc`twldbl wdff ble`kc dts pcrbc`tekc d`tcrcst d` e ad`d`k tc`cac`t, dt sloufh hdsbfosc tlcble`kc oi pcrbc`tekc d`tcrcst e`h bo`hdtdo`s prcbchc`t d` tlc fdst rcqudrch ior dtcas9.5 e`h 9.:.
2 Dssuch e`h quotch scburdtdcs.Xlc dssuc prdbc e`h eaou t pedh up ds `ot rcqudrch d`dtcas ;.5 e`h ;.2 ior iuffy pedh scburdtdcs.
8 Xlc hcid`dtdo`s d`, e`h provdsdo`s oi, EERJ 5>::7 Ebbou`td`k ior CxtrebtdvcD`hustrdcs e`hEERJ 5>:97 Rtetcac`t oi Besl Ifowseppfy to tlds rcport.
3 Ebbou`td`k Rte`herhs. ER\ wdff ebbcpt, ior cxeapfc, tlc usc oi D`tcr`etdo`efEbbou`td`k Rte`herhs ior iorcdk` c`tdtdcs. Di tlc ste`herhs usch ho `ot ehhrcss e topdb,tlc Eustrefde` ste`herh o` tlet topdb (di e`y) aust jc boapfdch wdtl.
9 ^eyac`ts ior Ehad`dstretdo` d`bfuhcs tlc ioffowd`k tre`sebtdo` bosts7Burrc`tquertcr$E>>>
Tcer to hetc(9 ao`tls)
$E>>>
Xre`sebtdo` Bosts rcfetd`k to tlc oii aermct temcovcr oiRbe`hd`evde` Zcsourbcs Fth 39 2;9
Fckef iccs pedh o` jclefi oi wloffy ow`ch sujsdhderyMdru`e Dro` EJ d`burrch d` rcfetdo` to tlc proposch D^O oitlc sujsdhdery o` EDA hurd`k :>5:
;> ;>
Xotef 5:9 889
; Eff rcaed`d`k Etfes Dro` (EKO) slercs wcrc sofh hurd`k Obtojcr :>5: e`h LZCqudtdcs ^ty Fth (wloffy ow`ch sujsdhdery oi Le``e`s Zcwerh Fth) `o fo`kcr lofhsEKO slercs.
< Xlc foe`s rcfetc to $3>>,>>> owd`k to e` d`hdvdhuef e`h $3;,>>> to Crrewerre ^ty Fth.
Iuff hctedfs oi tlc foe` tcras e`h bo`hdtdo`s erc evedfejfc et `otc 5< d` Le``e`sZcwerh :>5: E``uef Zcport.